REGISTERED CHARITY NUMBER.. 1149273 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR TRUE JESUS CHURCH ICARDIFFI Bevan Buckland LLP Chart8red Accountants 45 High Street Haverfordwest P8mbrok8shire SA61 2BP
TRUE JESUS CHURCH ICARDIFFI CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examinerfs Report statement of Financial A¢tivStie$ Stattm•nt of Financlal Position Notes to the Flnancial Statements 6 10 10 Detailed Statement of Financial Actlvlties
TRUE JESUS CHURCH ICAROIFFI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report with the ffnancial statement5 01 charlty for thè year anded 31 Marth 2024. Th& Insste8s have adoptad the pro$10n8 of Accounting and Reporting by Chariti85.' Statèment of Re¢omrnended Pracuco applicable to charitieB preparing thelr a¢¢ounts in aceordance wth the Flnancial Reporting Standard appluble in the UK and Republic of IrBland IFRS 1021 (Effective 1 January 20191. OBJECTWES AND ACTMTIES Oblectl$ and alms To advance the gospel of Jesus Christ for the benèfit of the pubTho In 8ccordanr %Mth the following doctrlne$'. on6 trug God, one hje Chuvch, watèr b8Ptisrn re¢elvlng Holy Spirit fooiw8shlng, Ploly Communlon and the Sabbath. Publlc benefit The Iruslea8 have had due regard to the Charity Commission guidance on public benefit. Tru8 Jesus Chureh {Card $&ok8 to meet Ihis guidance through provlslon ol a pte of worship. seeking new follow? and adherents. encouraglng and faulilating the pract6 of lIgIon by oxisUn9 lollowers and adherents. as ll as raising aaneSS and undetstsndlng of religlous beliefs and practicgs. ACHIEVEME AND PERFORMANCE Chatable a¢tivitles As 8 charfty. our core actlvltles Includ• a weekly gatherfng at Canton Hall ori Sèlurday and wular bible sIu¢JS at drerellt places. From $8Ptemb&r 2013, we purchased and renovatstt premises in West But& Street. Cardiff to accommodate our actilties. From time to tlme, wa vr8il our membèrs who are in hospllal and encourage them 7th words of God. Once every two months, we Invile preachers to engage in evang81i$tic and pastor81 works in Wales. Our charity mission aim is to support and empowgr tho lo1 Communty for bettemnt with christlan t88thing8. Members come frorn Cardiff and the surrouNding a45 to gather for prayer and support each other with the doctrine of Jèsus Christ. FINANCIAL REVIEW R*s•rv¢s poll¢y The Surplus for th8 yoar was £13.83512023 £20.7241 Reserves fct the yèar to 31 Marth 2024 amount to £284,831 12023 £270,9%1. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document Thè Charity is controlled by its governing doryJm8nt. 8 dead of trust 8n¢J constltut8s an unInCorated charity. Re¢rultsnont and appolntfflent of new tnt$teè$ There musl bo at least thr68 trustees. Apart frorn Ihe first trustees. arè 8PPOlllted for six years. evory trustee rnusl be appoiNt8d for a t8m) of four years by a r8soluUon passed by the trustees 8t a sp8¢ial m8eUng. The trvstees must have regard to the skills, knOedge and exp9ri8nce needgd IDr the effaetive adrninlstratlon ol the charity. REFERENCE AND ADMINISTRATIVE DETAILS Roglstsrod Charky number 1149273 Prln¢lpal addrn$5 21 West Bute Strgel Cardllf Bay Cardiff CF10 SEP Tru¥te?8 DrBMFChoo MsSPHg JLin Independent Examln•r Bevan Buckl8nd LLP Ch8rtEf8d Accountsnts 45 Hlgh Street H8verfordwest Parnbrok8shir8 SA612BP COMMENCEMENT OF ACTivmES True Jesus Church ICa¥drff) is governed by deed of trust dAted S February 2012 and bec8rn8 a reoislered charity on 10 October2012. Pagg 1
TRU£ JESUS CHURCH ICARDIFn REPORT OFTHE TRUSTEE8 FOR THE YEAR ENDED 31 MARCH 2024 ApprL¥ved by order of tha board gf Iruslees on...... and sis¥wd on its behalf by.. Dr B M F ChDo- Twst89 Pago 2
INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES OF TRUE JESUS CHURCH ICARDIFFI Indèpèndènt examlnerfs report to the trustees of True Jesu$ Chureh Icardiffj I report to the charity tru5t885 on my examination of the accounts of True Jesus Church Icardrft) Ilhe Trust) for the y88r 8nd8d 31 March 2024. Responsibilities and basis of report As Charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Art 20111'the ACVI. I report respect of rny examination of the Trust's accounts carried out under Section 145 of the Act and in carying out my exarrinalion I hav8 followed 811 applicable Directions given by the Charity Cornmission under Section 14515llbl of the Act. In(lependent examiner's statement I have completed my examination. I confirrn that no material matters have come to my attention in connection wth the Èxamination giving me cause to believe that in any material rè5P8Ct.. accounting records were not kept in respèet of thè Trust as required by Section 130 of the Act., or the accounts do not accord wth those records", or the accounts do not corllply with the applicable requirements conceming the form and content of ac¢ounts sel out in th8 Charits"e5 (Accounts and Reports) Regulations 2008 other than any requiremefit that the accounts give a true and fair view which is not a matter considered 8s part of an Indep8nd8nt 8xarnination. I have no concerns and have come across no other matters in connection with the examin8tion to which attentitsn should b8 drawn in this report in order to enable a proper understanding of the accounts to be reached. un Evans FCA 88van 8LJckl8nd LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA6128P Date.. Page 3
TRUE JESUS CHURCH ICARDIFFI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds as restated Unrestri¢t8d fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 33,453 33,453 38,918 Investrn8nt incom8 322 322 Total 33,775 33,775 38,935 EXPENDITURE ON Charitable activitias R81igious activiti85 19.940 19.940 18.211 NET INCOME 13,835 13,635 20.724 RECONCILIATION OF FUNDS Total funds brought forward As pvioUSlY reported Prior year adjustment 272,289 11.2931 272,289 11.2931 249,161 As restated 270,996 270,996 250,272 TOTAL FUNDS CARRIED FORWARD 284,831 284,831 270,996 The notes form p8rt of thèse financial statements
TRUE JESUS CHURCH ICARDIFFI STATEMENT OF FINANCIAL POSffiON 31 MARCH 2024 2024 Total fvnds unStrICted nd 2023 Total funds as restate ReStrtad fvnd Not8¥ FIXED ASSErs Tanglbla assets 233.111 233,111 238,786 CURRENT ASSETS OebtOTS Cash al bank alld in hand 2.667 51.140 2,687 51,140 2,919 34.568 53.807 53.807 37.487 CREDITORS Amunts lalfing due within one year {2.087} 12.087) 15,277) NEf CURRETr ASSETS 51,720 51.720 32.210 TOTAL ASSETS LESS CURREMf LIABILrriE8 284,831 284,831 270,996 NET AsseTS 284,831 284.831 270,996 FUNDS Unrestri¢tedfund$ 284,831 270.996 TOTAL FUNDS 284,831 270.996 Th• finanuol statom8nts war8 apprtsved by the Board of Trustees and aLrthorfsed fttr issue . and were 5vJne(l on Èts tseh8 by.. on M F Choo- Tntstee S P He- Trustse The not8$ form part of these financial statements Paae 5
TRUE JESUS CHURCH (CARDIFF) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 ACCOUNTING POLICIES Ba$ls of preparing the flnan¢lal ststemonts The finan81 statements of th& charity, which Is a public benefit lIty under FRS 102, have been prepared In aG¢ordancè with the Charibe8 SORP IFRS 102) 'A¢counting and Reporting by Charlti6s'. Statement ol Rewmmended Praclice appllcab18 to ch8rities preparing their accounts in gccordancÈ wth th8 Financial Reporting Stsndard 8ppIKable in the UK and Republlc of Ireland IFRS 1021 IFffeGtive 1 Jaory 20191,, Finanraal Reporting Standard 102 Tr8 Financial Reporting St8ndard appliGable in the UK and Rapubllc of Iraland. and the chareS Act 2011. The finanal 8tat8rnents have been prepared under the historical cost Gonvention. Incorne All incom8 15 r8cognised in Ihe Stalement of Financlal AcdvlUe$ thè charity has entitlement lo the funds, it 18 prob8ble that the income wll bè recelv8d and the Amount ran be measured T81iabty. Inlarèst on funds on deposit Is included when reCeab and the amount r2n be measured reliably by the ¢haTity",Ihis is normally upon notification ol the Inte5t p&d or payable by the bank. Expenditure Liabilities are recognlsed as expenditure as soon as there is a legal or constructive obSigation committing the charity to that expenditure, It is probablg that a transf8r of economle beneffits wll b8 required in s8tUpmBnl and thB amount of Ihg obligation can ba rneasured reliatrly. Exp•ndlture is accounted for on acoruals basls and has been classified undar headings thBt aggregale all cost related to Ih& category. Where costs cannDI b8 dlre¢lly attrlbLrted to particular hpadlng5 Ih8y have been alloGated to activitie5 on a basis tOn6islent *th Ihe use ol resources. Tangrble fixèd ass•ts Depieclafjon 1$ provided at the following annual Tates in order to writ£ off each 8s$el over ik èsbrnated useful Freetrold prop8rty Equipment 2% on Cost 15% reducing balance Taxatlon Th8 charity is exempt from lax on its charitsb18 activiti6S. Fund accounting unsin¢ted funds can b8 used in a¢cordanca with Ihe charltable Oblect$ at the discretk?n of the trustse$. Restric18d fvnd5 can only be u8ed for particular restricted purposes wthin th8 Objects of the charity. Restrictt¢)ns arisè when specffied by the donor or when funds are Talsed for particular feslricted purposes. Furth8r explanation of the nature and purpose of each fund is induded In the notes to th8 ffnan¢l&l statements. Preparatlon on a going concern ba$ The trustees have Considered the ffinancial perf0mlae of the Charity for the fores8eabl8 futur&. in parliculèr, the next 12 to 18 months and are confident the Charity is 8 g0(ng cx)ncerTh. INVESTMENT INCOME 2024 2023 85 restat8d Deposit account interest 322 17 Pagg 6 ¢ontinu•d..-
TRUE JESUS CHURCH {CARDIFFI NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trust8es' r8mun8ralion or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no 31 March 2023. trustees, expensès paid for the y681 ended 31 March 2024 nor for the year end8d COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Rèstricted fund Total funds as restated INCOME AND ENDOWMENTS FROM Donations and legacies 38,918 38,918 nvestment income 17 Total 38.935 38,935 EXPENDITURE ON Charitable activities Religious activits-es 18,211 18.211 NET INCOME 20.724 20,724 RECONCILIATION OF FUNDS Total funds brought forward A5 previously reported Prior year adjustment 249,161 249,161 As r•stat•d 250,272 250,272 TOTAL FUNDS CARRIED FORWARD 270.996 270,996 PRIOR YEAR ADJUSTMENT The prior period adjustment h85 arisen as a result of thè following under5taternents in the prior period-.: Understatement of creditors Understatement ol debtors 4,212 12,9191 1,293 Page 7 ctsntinuad...
TRUE JESUS CHURCH ICARDIFFI NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Freehold property Equiprnent Totals COST At 1 April 2023 Additions 275,134 6,345 179 281.479 179 At 31 March 2024 275,134 6,524 281,658 DEPRECIATION At 1 April 2023 Charge for y88r 38,514 5,502 4,179 352 42,693 5.854 At 31 March 2024 44,016 4,531 48.547 NET BOOK VALUE At 31 March 2024 231,118 1,993 233,111 Al 31 March 2023 236.620 2,166 238,786 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as iestated Other d8blors 2.667 2.919 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as rest8t8d Other creditors 2,087 5,277 MOVEMENT IN FUNDS Prior year 8djustment Net movement in funds At 31.3.24 At 1.4.23 Unrestricted fvnds General fund 272,289 11,2931 13,835 284,831 TOTAL FUNDS 272.289 11,2931 13,835 284,831 Net movement in funds, included in the above are as follows.. Incoming resour¢e5 Resources expended Movement in funds Unrestrlcted funds General fund 33,775 119,9401 13,835 TOTAL FUNDS 33,775 119,9401 13,835 Page 8 continued...
TRUE JESUS CHURCH ICARDIFFI NOTES TO THE FINANCIAL STATEMENTS . tontinu8d FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Comparatives for movemtnt in funds Prior year 8diustm8nt Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fvnd 249.161 20.724 270,996 TOTAL FUNDS 249,161 20,724 270,996 Comparative net moveménl in funds, indud&d in the abovè are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Gener81 *und 38,935 118,2111 20,724 TOTAL FUNDS 38,935 118.2111 20,724 A current year 12 months and prior y88r 12 months combined position 15 as follows.. Prior year adjustment Net movement in funds At 31.3.24 At 1.4.22 Unr•strict8d funds General fund 249,161 11821 34,559 283,538 TOTAL FUNDS 249,161 11821 34.559 283,538 A current year 12 months and prior year 12 months combined nèt mov8m8nl in fund5, included in the abovè ar8 as follows-. Incoming resources Resources expended Movement in funds Unr85trict8d funds General fund 72,710 138.1511 34,559 TOTAL FUNDS 72,710 138,1511 34,559 Page 9 continued...
TRUE JESUS CHURCH I¢ARDIFFI NOTES TO THE FINANCIAL STATEMENTS . Contlnued FOR THEYEAR ENDED 31 MARCH 2024 10. RELATED PARTY DISCLOSURES There were no related party transactions lor the year ended 31 M8reh 2024. Page 10
TRUE JESUS CHURCH ICARDIFFI DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 as restated INCOME AND ENDOWMENTS Donations and lega¢ie$ Offering5 Donations Gift aid Building fund 12,295 2,774 588 17,796 35,568 1,669 1.681 33,453 38,918 Investment income Deposit account interest 322 17 Total incoming resources 33.775 38.935 EXPENDITURE Charitable 8Ctivilie$ Rale5 and water Light and heat Telephone Travel Social events General Assembly Post and stationery Mis¢ellaneous expenses Repairs and renewals Depreciation ol tangible fixed ass8ts 1,238 3,263 395 1,439 1,518 3,668 78 233 728 5,854 2,183 391 810 1,024 4,212 78 584 5,884 18.414 16.277 Support costs Management Insurance Bank charges Professional fees 180 197 1.149 650 213 1,071 1,526 1.934 Tot81 resources expended 19,940 18,211 Net Sncomè 13,835 20.724 This page does not fom part of th8 ststulory financial stat8rn8nts PÈge11
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