REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 FOR BETHESDA BAPTIST CHURCH NARBERTH Re8lStered Charity Number 1146039
BEfHESDA BAPTIST CHURCH NARBERTH Rert of TruCeS IndenI Examin&s R¢Fx)rt Ststsmeni of Financial Activities Notes lo the Financial Statements 8-13
Narne R Istered Ch• Number 1146039 The church buildin8 IS situated In Hl8h Street. N¥bffth. P•nknoesle S•£7 7A& tfeasufer al: The Green, Redslfft Ilo•d. N•rbefth. Pembrokosl*• Rev. Chrls P Rets . Mlnlster & Chakman ol tho Tru••& Mr Robert Le¥vls.Jones Mrs 01 D Adams.Jolnt lie Mr. Tlmoth Vllynas. Deacon Mrs. M G June John- Jolnt Ireasurtr Mr Alan Powdlich- De•con Holdl C'liri%li Robert W ne Th¢)mas lan Phlll Mlddlernlsl Andrew Paul Millershl Tlmoth Vllsmas Trust••s Pvlnd I ner$ 8ardays Bank plc. 32 Hl8h Stree( pern. Wi 20A In D D Harries rk>lwerdd Bethesda Narberth
BETHESDA BAPTIST CHURCH NARBERTH Charity Number 1146039 Trustee Report Year ended 31st De(ember 2024 The trustees present their report with the financial statement5 of the tharity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities - Statement of Recommended Practice applicable to charitie5 preparing their accounts in according with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS1021 (effective l January 20191 ObJertlve5 and Artlvitle5 The Charity objects are: To advance the Christian faith in accordance with the Statement of Faith in such ways and in such parts of the United Kingdom or the World as the Trustees from time to time ihink fit.. To relieve sickness and financial hardship and to promote and preSee 8ood health by the provision of funds. goods or services of any kind. Including throu8h the provision of counselling and support in such parts of the UK or the world as the Trustee5 from time to time think fit; To advance education in such ways and in such parts of the UK or the world as the Trustees from time to time think fit; Actlvltles. Performance and Athlevements Bethesda Baptist Church continues to be active both in it5 re8ular church activities and in the Provision of service and support to the community at lar8e. In addrtion to the regular church activities, through the facilities offered by the buildin8 extension, we are able to offer the followin8= Men's meeting once per month on a Saturday, Drop In centre Tuesday evenin8 rneal for those lonely in community Community visitation to the house bound Commvnity Hymn 5inwn8 in the homes and housin8 accommodation centres. Youth meetin8 teena8er5 Community act•vities have continued with the senlor citizen coffee mornin& the listenin8 post. craft group5, and the dance group for well-bein8. Several other Socleties make use of the premises for their re8ular meetin85. Communlty en8a8ement ha5 been developed further wlth hosting the Narberth School HaeSt. Christmas Service and holdin8 the singin8 festival In February. New tethnolo8y has made it mofe Inclusive for those attendin8 With hearln8 and 518ht and disabled issues.
BEfHESDA BAPTIST CHURCH NARBERTH Charlty Number 1146039 Public Benefft The Trustees have had re8ard to the Charity Commissions guidance on public benefit. Flnandal Revlew Bethesda Baptist Church Narberth recorded a deficit in the year of £26.723 {2023- Deficit- £27.0871. It is appropriate to note here that the afore mentioned deficit is calculated after depreciation charges on the buildin8 Structure of £26.ILYI12023 - £26,ICKII. Sustainin8 income at levels sufficient to meet our expenditure continues to be a challenge. Members and friends Continue to be very supportive and lO8her with polential income generation from the church extension. the trustees are satisfied with the financial prospects. The balance sheet demonstrates a stron8 Position. Free reserves are resep4es available to the charity that are readily convertible into cash and may be used for non-restrirted purposed. As at the year end, our free reserves amounted to £84.570 {2023- £83,362). This equates to approximately 0.8S times our annual charitable expenditure. The trustees are satisfied that these accounts should be prepared on the Goin8 Concern basis. Rlsk Management Risk management has been reviewed in terms of child protection policies. rlsk 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 organi5ation itself. Financial risks have been reviewed and procedures put in place accordingly. A reserrfes policy has been established in line with the identified risks. Strurture. Governance and Management Bethesda Baptist Church has existed in Narberth for over 21YJ years. It is an independent Baptist church is an unincorporated organisation, 8overned by an updated Constitution which was adopted by the church members on 12th September 2011. It was 8ranted charity status by the Charity Commission on 2nd February 2012, but funrtioned as an unregistered charity prior to this date. A separate document entitled Church Covenants Guidelines and Roles coverin8 more detall ofthe covenants of faith and membership subscribed to by members of the church was issued in February 2013. There is one paid worker, the minister/pastor of the church who is responsible for preachin8 and teachin8the truths of God's Word. leading the worship of God and other pastoral duties. The managing trustees are responstble for the mana8ement of the charity. They
BETHESDA BAPTIST CHURCH NARBERTH Charlty Number 1146039 choose from amon8St themselves a secretary and a treasurer. The latter is responsible for keepin8 all financial records and accounts and reportin8 them to the other trusteÈs. The managing trustees fonn Ihe finance committee and are consulted on all aspects of accountin& policies and procedures and are involved in the decision-makin8 re8arding the day-to-day runnln8 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 mana8ement trustees is three individuals with a maximum number determined by the Minister depending upon the needs of the church at the time. All mana8ement trust 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 Mana8in8 Truslees are CRB checked as appropriate to thelr work within the church and are shown the relevant documentation re8ardin8 the running of the charity. Statement of Commlttee of Management Responslbllltles Charity law requires the trustees to Pfepare financial statements for each financlal year which 8ive a true and fair vbew of the state of the charlty and of its flnancial artivitles for that period. In preparin8 those financial statements the trustees are required to: {1) Select suitable accounting policies and then apply them consistently, lill Make jud8ements and estimates that are reasonable and prudent.. (liil Prepare the financial statement5 on the 80ing concern basis unless it is inappropriate to assume that the charity will continue in business. The trustee5 are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable Accountin8 Standards and the re8ulations made under the Charities Act. The trustees are also responsible for safe8uardin8 the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud Of Other irTe8ularities. Approved by order of the Board of Trustees on its behalf by: /&, )LJ r and si8ned on Rev Christopher P Rees- Trustee
BEfHESDA BAPT15T CHURCH NARBERTH Charlty Numbef 1146039 Independent examiner's report to the Trustees of Bethesda Baptist Church Narberth I report to the trustees on my examlnatron of the accounts of the charity for the year ended 31st December 2024, which are set out on pa8es 6 to 13 Respmsibilities and basis of rep As the charbty's trustees. you are responsible for the preparation of the accounts in accordance with the requirernents of the Charities Act 2011 {"the Act"). I report in re41ert of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination. I have followed all the applicable Dirertions 8iven by the Charity Comrnis5ion under section 145{5)(bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which 8ives me cause to believe that in. any material respect: the accountiVl8 records were not kept in accordance with section 130 of the Charities Art: 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 Charities (Accounts and Reports) Re8ulation5 2CX)8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of afi independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. 22// Dav5d Dylan Harries Dolwerdd Bethesda Nart>erth
BETHESDA 8ApllsT OIUfvOI. NAII•ERTN STATtNT FIP4>4(W ACTms F(M TrIE YEAR EMIXD JISY DECll•fR X114 3111212J 64.412 5,654 (h•YltaWe •Ltrn4ties 61.112 5.654 49,824 &L LXII L>)1 677 T•7 71.367 595 T4x•I 12&7231 1th7231 127.(X17) I723} 12fi7231 I27,7> 126.n31 127IA71 67LIYX 644.285 644,185 671.IJM
BETHESOA BAPTIST OIURCH. NAR8ERTh - (Chrty Mwnber 11460391 BAiANCE SHEEY AS AT 31ST DE(Eh•ER 2024 A5at 31112123 Fixed assets TO1¢ assets INote 71 S59.715 559.71S 587.646 Totsl fixed assets SS9 715 587.646 OJrrent a55ets Cash at bank In hand lfrlote 81 Total current assets 84.570 84.570 84,570 84.570 83.362 83.362 Qedittys.. amwrts fallire kn wltlin •r Net current a5setsllllaL¥lities) 84.$70 84.570 83,362 T(al assets less cwrent liabillb'e5 644.285 671.L credito." am(wnts fallir ¢*Je after one 41 Prthislc fLY liaL¥litie5 Tot•1 net assets 644.285 644.285 671.IX Furttls of the Crity (Nott 91 Res¢nrte(l irKr¥ne 644.285 644.285 6711 Total fuThJs 644.28S 644.285 671,LK)8 These financral stateme1 were lry the 8oard (rf Trusiees arwj were signed on their bÈhall ty. /b JpRè- 3<il
1ETMESOA•Apll5T(IKJROi PIARBEIITN NOItSTO nK FIPIANaALSTATEMEIIIS EllDIsTrMBER IL114 COVNTIIIG KUaES Tlw ha¥eten kw¢wred ltorknltostcorv¥Èntknthftems wntsdatmstLYtran5aCWI Valw5$4xlrnl5 ststed kntre r4antrKrfsl wtheseaccrAmts. fmalOIststeEtsVebeen kYIldin•((rthrKtWtththEOrits SORPIFRS1021 Aco)ur¥ ènd Pemtr¥(fvrls.' SlaterneNtafReCtthMend Prncie apF4kabbt tothanties wtparhwthelr•c(tu)ts In Fm•roal PeFlY Strth¥d4¥t4e knthÈ iKar4Jltepubk0fllIFAs 1021 lefffttltr4e I rvJ•ry 20191.. •Th1trethars Aa2011. All I&5d$t1IemenIotFRWIAthXS +nthe errtftwtothe Voh¥tsry a1srnnts.donatx aThl8Its15 in lull intt s¢attmentofFknar*l•lALthty n [ted StNtsindfxJAs•rÈiKJded •tthèvahJttothÈthath %¥lEthbcant¢quarfffwt. Thevaltrf str¥ti5 wLtee hJ5 rntbeen cluded m tt5e auounts. EWerthYÈsa(L)XNfIncV1ts bèsb. chantsbltre4uendhuQeSt costs IUr1ed ththarIty ttdehery dactNrt a¥lsthvKe5fDrrt5 Eenelknaries. Itthvludes t•?thi COStsthat¢anialkxated(2ttty to 4%Ly>C05tstaittiig kn theyeafo1cornpknb0f relt¥•rt•sset 25%Aeducry &L4rKebasls
ES TO TK FIIIAKOAiSTAITklfllTS Y••r Tol•l 31112ft3 $5.7Y6 55.796 4L412 6917 IA25 356 356 55331 Sub T*) 677 TOT 71J67 71J67 56X¢
NOIES TO M FINAN0$TATEmEIlls A14ALISIS OF OW1TAE EXPEIIIXIVIIE 2024 S#ftGxts 16353 14W9 14149 578 2245 3Y &746 &746 2x155 I9 >)J07 29 83595 2024 57 578 578 578 There wtrenoTrustees' ranur4erion or othu benefits and e¥penstsfor 2024 ¥d 2023 other ihan the •nountspWeto RevCP. Re*sundercontrKt of8npioymeni for hisw¥ictsa5 IA'nisterof Reli8ion fof 8eEhtsda Wlis¢ Church N¥bwth. 2024 2Q23 22.477 22,200 S¢x•l I•Ity co•ts 3.432 2,291 2.062 26.554 Totsl 25.909
NOTE5TON FIPIA14(IALSTATEMEIIT5 STATEMENT ( FiiIANouAcnMnu.YtsA EPI(WJISTfo•iJAÉR 2IIiJ 49x4 49124 To 65555 26Jrxi 91M5 7JX71 127wn I2?7) 671A)YJ 671JbX Ip
•En5rnsrOlll0I MAA•ERTh IIOTES TON FINwIaSTATEmÉlIT5 FOR ¢PI(*DJIST YAIIq•IE FIXEDASSETS AttstJ•rn•ry 2024 19,749 I65 ?11• 673911 pAEoAno AtlsiJ•M•ry 2024 7A29 77.ln 44 29596 10925 10327B 114203 10.489 549226 559.715 12320 575326 517 2024 2023 70 lOVElPIT11 •UIIOS AtOI.01.14 A13112.24 671JTh .4723 641215 TOTALFIK 6PID -24723 6442AS
ETlIVn$1 P4•A•fRTh PIOTÉ5TO RP41P10 STATIMENT5 CCIPAK4TIVES FIJI MOVEMENfi% FUPffjS AIOI.QL23 At3LII.13 Ufflremrl Fwa .27m7 6ni TOTAiFIMIS -27? 671£rf