REPORT OF THE TRUSTEES AND FINANaAL STATEMENTS FOR THE YEAR ENDEO 31st DECEMBER 2023 BETHESDA BAPTIST CHURCH NARBERTH Registered Charity Number 1146039 BEfHESDA BAPTIST CHURCH NARBERTH Report of Trustees Independent Fxaminerfs Re￿rt Statement of Financial Activities Balance sheet Notes kn the Financial Ststrments 8-13 BEThESDA BAPTIS[ CHURCH NARBERTH Charity Number 1146039 Reference and Administrdtive Information Charlty Name Registered Charity Number Bethesda Baptist Church Narberth 1146039 Charity's Principal Address: The church building is situated in High Street. Narberth, Pembrokeshire SA67 7AS. All correspondence relating to this report however. should be sent to the church treasurer at- The Green, Redstone Road, Narberth, Pembrokeshire SA67 7ES. Managing Trustees Rev. Chris P Rees- Minister & Chairman of the Trustees. Mr Robert Lewis-jones Mrs Olga D Adams-joint treasurer Mr. Timothy Vlismas- Deacon Mrs. M G JuneJohn- Joint treasurer Mr Alan Bowditch- Deacon-Appointed September 2023 Mrjohn Okenwa- Deacon-Appointed September 2023 Holdlng / Property Trustees Christo her Paul Rees Robert W nne Thomas lan Philip Middlemist Andrew Paul Millership Timothy Vlismas Aaron Jonathan Davies Ivhitfield Eifion Cynddylan Perkins Paul Michael David Martin Williams John Alwrfn Lesley Lewis Prlncipal Bankers Barclays Bank plc. 32 High Street. Haverfordwe5t, PembTokeshire. SA612DA Independent Examlner D D Harries Dolwerdd Bethesda Narberth BEfHESDA BAFfisT CHURCH NARBEltrH Charity Number 1146039 Trustee Report Year ended 31st December 2023 The trustees present their report with the financial statements of the charity forthe year ended 31 December 2023. The trustees have adopted the provisions ofAccounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in according v4ith the Financial Reporting St3ndard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191 Objectives and Artlvities The Charity objects are: To advance the Christian faith in accordance with the Statement of Fatth in such way5 and in such parts of the United Kingdom or the World as theTrustees from time to time think fit; To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds. goods or services of any kind, including through the provision of counselling and support in such parts of the UK or the world as the Trustees from time to timethink fit: To advance education in such ways and in such parts of the UK orthe world as the Trustees from time to time thinkfft: Activltles. Perfomance and Athlevements Bethesda Baptist Church continues to be active both in its regular church activities and in the provision of sep4ice and support to the community at lar8e. In addition to the regular church activities, through the facilities offered by the building extension. we are able to offerthe following: Men's meeting once per month on a Saturday, Warm space Tuesday evening meal forthose lonely in community Community visitation to the house bound Community Hymn singing in the homes and elderly accommodation centres. Community activities have continued with the senior citizen coffee mornin& the listenin8 post, craft groups. and the dance group for the elderly. Several other Societies make use of the premises fortheir regular meetin85. Community engagement has been developed further with hosting the Narberth School Christmas Service and holding the singing festival in February. Newtechnology has made it more inclusive for those attending with hearing and sight and disabled issues. B ￿HEsDA BAPTIST CHURCH NARBERTH Charity Number 1146039 Public Benefit The Trustees have had regard to the Charity Commissions guidance on public benefit. Flnandal Review Unrestricted funds recorded a deficit in the year of £4.32612021- Surplus- £7.806}. Sustaining income at levels sufficient to meet our expenditure continues to be a challenge. Members and friends continueto be very supportive and tO8ether with potential income generation from the church extension. the trustees are satisfied with the financial prospects. The balance sheet demonstrates a strong position. Free reserves are reserves available to the charTty that are readily convertible into cash and may be used for non-restritted purposed. As at the year end, our free rese￿e5 amounted to £83,36212022- £89.361). This equates to approximately 1.0 times our annual charitable expenditure. The trustees are satisfied that these accounts should be prepared on the Going Concern basis. Risk Management Risk management has been reviewed in terms of child protection policies, risk assessments of events and trips, the undertaking of Criminal Record Bureau checks and health and safety issues. The trustees feel that they have taken all reasonable steps to protect beneficiaries, staff. volunteers and the organisation itself. Financial risks have been reviewed and procedures put in place accordingly. A reserves policy has been established in line with the identified risks. Structure. Governance and Management Bethesda Baptist Church has existed in Narberth for over 2(Kl years. It is an independent Baptist church is an unincorporated organisation. governed by an updated Constitution which was adopted by the church members on 12th September 2011. It was granted charity status by the Charty Commission on 2nd February 2012. but functioned as an unregistered charity prior to this date. A separate document entitled Church Covenants Guidelines and Roles covering more detail of the covenants of faith and membership subscribed to by members of the church was issued in February 2013. There is one paid worker, the ministerlpastorof the church who Is responsible for preachin8 and teaching the truths of God's Word. leadin8the worship of God and other pastoral duties. The managing trustees are responsible for the management of the charity. They choose from amongst themselves a secretary and a treasurer. The latter is responsible for keeping all financial records and accounts and reporting them to the Other trustees. B ￿HEsDA 8AWtisr CHURCH NARBERTH Charlty Nurnber 1146039 The mana8in8 trustees fomi the finance commlttee and are consulted on all aspects of accountin& policies and procedures and are involved in the decision-making regarding the day-to-day running of the church. Appolntment of Management Trustees Management trustees are appointed as set out in the Constitution and Guidelines and Roles documents. The minimum number of management trustees is three individuals with a maximum number determined by the Minister depending upon the needs ofthe church at the time. All management trustees must be members of the church and must subscribe and adhere to the Statement of Faith. in belief and lifestyle. As part of their induction all Managin8 Trustees are CRB checked as appropriate to their work within the church and are shown the relevant documentation re8ardin8 the running of the charity. Statement of Committee of Management Responslbllltles Charity law requires the trustees to prepare financial statements for each financlal year which 8ive a tf ue and fair view of the state of the charity and of its financial activities for that period. In preparing those financial statements the trustees are required to: lil Select suitable accounting policies and then apply them consistently. lill Make jud8ements and estimates that are reasonable and prudent; {iiil Prepare the financial statements on the going concern basis unless tt is Inappropriate to assume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anytime the financlal position of the charity and to enable them to ensure that the financial statements comply with applicable Accounting Standards and the regulations made under the Charities Act. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud or other irregularities. Approved by order of the Board of Trustees on its behalf bv: and signed on Rev Chrlstopher P Rees-Trustee BEfHESDA 8APTisf CHURCH NARBERTH Charity Number 1146039 Independent examiner's report to the Trustees of Bethesda Baptist Church Narberth I report to the trustees on my examination of the accounts of the charity for the year ended 31st December 2023, which are set out on pages 6 to 13 Re5ponsibllities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance wtth the requirements of the Charities Art 2011 {"the A￿1. I report in respect of my examination of the Trusys accounts carried out under section 145 of the Act and in carrying out my examination. I have followed 311 the applicable Directions given by the Charity Commission under section 145{51{bl of the Art. Independent examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in tonnettion with the examination which gives me cause to believe that in. any material respect: the accountin8 records were not kept in accordance wtth section 130 of the Charities Act; or the accounts did not accord with the accountin8 records- or the accounts did not comply with the applicable requirements concerning the fom) and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2008 otherthan any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Dylan Harries Dolwerdd Bethesda Narberth Date. BEfHESOA 8AvnST OIUROI. I4￿BERTH sTATEmEP￿ OF FINANOAL ￿rr￿rnES FOR THE ENDED 31ST DEff p￿ER 2023 UMe5ty1ctetl IKL¥rbt y￿re 3UIZ112 Ir￿￿1r£ res￿r¢eS (Note 21 IrKcffie ÈrKkw4rnerts f¥(¥n: legacles 49R24 49.824 72.746 5.627 InNEstments T¢￿al 78.662 Resourres eXpeTr4￿ INL*t 31 expe￿ityre cm: (tharita￿e arti￿tIeS 83.YJ5 83.$95 91.655 Trtal 83.595 83.595 91.65S Net irKrynellexFeFthurÈl Wcrfe IrNeslment 84iTh%1llosstsl Im*stmerrt Gains / Losses Net Ir￿ne/{exr*￿j1tU￿￿ 127.ty 127.C071 112.9>31 127.0871 127,0871 112.9931 Transfers teNteen furds IN￿e 101 Net m(FHem•* In 127 ReCc￿l1batiec•th 2Q12 AtOLOL21 Mryel￿rt At3L1122 Ur*ertrk*dFw*ts GereTrl(knhFuThl 75J99 622196 RestrktedFw 635A89 435189 TOTALFLWDS 711SA8 .12993 698,095