REG15TEREO CHARrrY NUMBER: 1149273 REPORT OF THE TRUSTEES AND UNAUDITEO FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR TRUE JESUS CHURCH ICAROIF Bevan Buckland LLP Charterèd Accountants 45 High Street Haverfordwest Pembroke5hire SA61 2BP
TRUE JESUS CHURCH {CARDIFFI CONTENTS OF THE FINANCIAL STATEME1¥ FOR THE YEAR ENDED 31 MARCH 202S Pag• R•port of th• Trustms 1 to 2 Indop•ndont Examin•rf• R•wt Stat•m•nt of Flnanelal Aetlvltl•s Stat•m•nt of Flnanclal Polllon Not•s to th• Flnnel•l St*t•mgnts 8 to 10 D•tsil•d Stat•m•nt of Flnancl•l A¢tlvltl•#
TrUE JESUS CHURCH ICARDIFFI REPORT OF TME TRUSTEES FOR THE YEAR ENDED 31 PAARCH 2025 The tnjsiees present Ihr rwi with th• finarKal slatemenls of the thrity for the year ended 31 March 2025 The IrusÈes have adoptod the prowston5 of Accounbng and Repn9 by Charities.. Slalemont of R8commend8d Practice applKable to charilx$ prepadny IheiT ac¢ounts In accdanCe 7Mlh th• FinarKial Reporting Stanrjard applicable in th8 UK and Repubk ol Ireland IFRS 1021 leffeclsve 1 Jawary 20191. OBJECTIVES AND Acnvmes Obl•ctlves •nd alms To advance tha g)5pel Lq Jty5 Christ for ol Ihe $bliC in xcordan¢• tho lo1g d(XtrirS'. on8 tnle . LTh tNe Church. wator Wism rece9 Hoty Spt lothashing, Holy Communsw and th8 Sabbath. Publlc b•nellt The Irusl88s have had due regwd lo lfi• Charity Commi9¥1on guthnce on puWic ben8fit. True Jesus Ch(tr¢h Icardiro S88ks to rneel this guidaiice through prowg1¢)n ol g place of 58•king new follor$ and adherents. 8QUia01ng 8nd f8¢ilitaling the pratskn ol rel by StIng lolknyern and adhwonts, as ra8ing awar•n¢ss Bnd und•rst8nding of rvab)uS b8lk?f$ pr8¢tic8s. ACHIEVEMENT ANO PERFORMANCE Charltablg actlvlt5•8 As a ¢harify. our cora aCttt¢S indu¢J• a 14wkly galhorir4 •t Hal on S•trJrday •nd regular bible Blud5 81 different plac8s. From $8Pt¢mbor 2013. we purchased and renovatèd w•rni50s In West Bu¢• Slreai. Card)If lo ac¢omfw¢Ja18 our a¢iivilies From to brne. vlyrt ow mombers who 8ro in 1$pal and encourage them %ith words of God. Once •v•ry Nvo months. we Inile pre8cr3 lo erw in angeli$1•C and pastoral works In WeleJ. Our charity mis5n aim 1$ to $upp¢)rt and •mpmr Iha I£1 rxjrnmunity for bottemienl vnlh chnslign 188¢hings. Membgrs com• Irom C8nJrff and th• Surnd¥ ar•as to 9gthèr lor wayer gnd Support 8a¢h other wth the doct8 of J88us Chrlgt. FINANCIAL REVIEW R•Sr lleY Th• Surplus for t y•w £11.443 12024 £15.598} R•serv•s fu th• Jvr to 31 March 2025 wNJunl to £298,037 12024 £286,594) of thlch £17.14312024 £17.$941 w•re re8thctsd. STRUCTURE. GoveRNANCE AND MANAGEMEKr GovomlTrg docum•nt The Charity is ¢¢niroll¢d by its 9ovemlng thwn•nt. • d•gd ol truit and oJnsb"tule$ an uninc4xporat•d ¢h•rity. R•crultm•nt Ind appolnim•nt ol irui• Th•re must be at l•ast three tru$leeJ. 9rt from the first trustèes. who are 8ppoinlod for Six years, aTrATrry twslo• mu9t be ¥ppoint•d for a lerm of four ya•rn by a r•solution p8$s•d by th• trlee 41 a mBet+n9. The tru5199$ rnwl have regard to th• sklHs. knoW•dg9 and ev1•¢ reded fLY tho efle¢tsv• adrnn)Istratw)n of th• chanty. REFERENCE AND ADMINISTRATIVE OETAILS R•glst•r•d Charty nurnb•r 1149273 PrlnclMI addYes• 21 West Bute Str6•1 C8rdWf Bay Car(Jiff CF10 SEP Trust•0 Dr8MFCho) M¥SPHè J Lin Indeptnd•nt Ex•m5n•r Bevan Bucklart LLP Ch8rterod AOuntants 45 High Street Hav•rfvrdwest Pembrok•5hire SA61 28P COMMENCEMENT OF ACTMnES True j¢S Chur¢h IC8rtJtff) Is govem*J ty deed of ¢nJsi dated 5 Febwary 2012 and became a register8d tharity on 10 October 2012. Page 1
TRUE JESUS CHURCH ICAROFF) REPORT OF THE niusTEES FOR The YEAR ENDED 31 IAARCH 2025 .. aNI •wiod on ha by. Ee IW/*Y Ckoo Oeni]Jn.cAQO1y2&1Q1SQ&IIfjmT.Ill................ Dr B M F Choo- Truste Pag• 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRUE JESUS CHURCH {CARDIFF) Independent examln•es r•port to th• trustee5 of Tnle Jesus Chvr¢h {Cardlffj I report lo Ihe charity Iruste8s on my 8xamination of the accounts of True Jesus Church Icardrf) Ith• Trustl for the year en¢Jed 31 March 2025. R•$pon$ibillties and basis of report A5 the charity trustee5 of the Trust you are responSie lor the preparakn.on of thè 8ccounts in ?ccordancè with the requirements ol th8 Charities Act 2011 Ilhe Act'l_ I report in respecl of my examinalion ol th8 Trusvs aCCOLJnts carried wl under Seclion 145 of the Act and in carying out my examination I have followed all applitable DireclK)ns giv•n by the Charity Commission un(ler Section 14515llbl of th8 Act. Ind•pend•nt •x•min•rf• *tat•m•nt I have completed my examination. I confim that no matènal mattéls have cryne lo my attention in conneclion wilh the examin8tion giving me $8 ¢0 believe that In any malerial respect.. accounting records not k•pt in feSP8et of ihe Trust as required by Section 130 of the Act., or the accounts do not accof¢J with thosè records; or the accounts do not comply wth the applicable 18quirem•nts conceming the lorm and content of 8uountS sel out in the Ch8ri¢ie5 IAccounts and Roportsl Regulations 2008 other than any requirement that Ihe accounts give a truè ant1 fair 1$ not a matter considered as part ofan IndentIOnt •xaminotion. I have no conc8ms and havè com• #cross no olher matter5 In Connection wlh the examination to %%thich atl8ntson should be drawn in this ieport in ordor lo •nable a propèr und&rslandifig of ihe accounts to be reached. Alun Evans FCA Bevan 8uckl8nd LLP Chartered Accountsnts 45 High Street Havsrfordwesl Pembrok•shir• SA61 2BP 21 ZS. Page 3
TRUE JESUS CHURCH {CARDIFF) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total (unds 2024 Total funds As r85tated Unrestn'cted funds Restrictad funds Notes INCOME ANO ENDOWMENTS FRO Donations and lègac185 39.710 39.710 35,216 Investment income 930 930 322 Total 40.640 40.640 35.538 EXPENDITURE ON Charltabl• actlvltL•¥ R$ligiou$ 8¢tsvits"es 28.746 451 29,197 19,940 NET INCOMEIIEXPENDITUREI 11.894 1451} 11.443 15.598 RECONCILIATION OF FUNDS Total funds brought forward As pr8viou51y r9POrted Prior yèar adiL&$lment 267,237 1.763 17.594 284,831 1.763 272,289 11,2931 A• r•st•t•d 269,000 17.594 286.594 270,996 TOTAL FUNDS CARRIEO FORWARD 280.894 17.143 298,037 286.594 The notes fomi part of Ihese finantsal statemenls Page 4
TRUE JESUS CHURCH (CARDIFF) STATEMENT OF FINANCIAL posilloN 31 PIARCH 2025 2025 2024 85 rest81ed FIXED ASSETS Tan9lble assets 227.308 233,111 CURRENT ASSETS D8No Cash at bank 3,817 89.346 4,429 51.140 73.163 55,569 CREDrroRS Amounts falling 1th1n year 12,4341 12.0861 NET CURRtKr ASSETS 70.729 53.483 TofAL ASSETS LESS CURREpif LIABILmE8 298.037 286,$94 NET A88eTS 298,037 286,554 FUNOS UnrÈslrid•d lund¥ Reslrictsd fund8 10 280,894 17.143 269,000 17,594 TOTAL FVMDS 298,037 286.594 The fin•ncS81 8tsternents apprDv8d by the 8owd of TnJ$ttsS •KI •tsth0rlI lor i•¥u• on . and r• 8vJnad itB beh•M by. Sg ¢7WliY Ckoo ITilJlW'w25 08 15 GMTll S P 10- Truste• notss frym oflhese finaThSal stsln8nts Page S
TRUE JESUS CHURCH {CARDIFF) N07es TO ThE FWCIAL STATEME1$ FOR ThE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES B•sls of preparlng the finanelal stotsm•hts The finanaal ststemonts ol the charity. Is a benafit Witrty FRS 102, bagn preparad In accordance %4ith the Chrits SORP IFRS 1021 aThJ Rwbng by Charib"tr5.' Statement of Recommended Practice 8ppluble to charities preparing accounts th xcordan¢• with the Financ Reporting St8ndard applirxble In Iha UK and Republic of Ir¢l8ftd (FR$ 1021 leffectiw 1 JBnuary 20191,, Flnancial ReF¥ffb"ng Standard 102 Tho Finartci Repoth'ng Standord 8Oic8ble in Ihe UK and R8publlc of Ir•i8nd' and Ihè Chaiits Act 2011. Th• anc statemwts h8Ya bean pv•pwgd the hi9t01 Coit ¢tsnv•ntscffj. Incom• l irorn0 1$ rwnlS in tho Stalerrwt of Financ kbvths once th8 tharfty h88 •rtiU9Mt to lh• fuTh18, It 1$ probablo thal lh• irtorn• wll be recei¥•d ar#J can b• nawJr•J r8kaWy. Intarn3t fvnd# hahj on dtrposlt Is inL4ud•d Ww ieteryatA• and tho amomt can b8 nw8urod relwbty by the chertty:IhlB is n¢xm•lty UP nofficaijon of IM•rest p¥pJ or payable by the banL EAp•nd1tr Llabilities 8fe reeognraed as •xp•ndilur8 as 3oon as Ilwe Is a IW or con5trwbva ¢Jbliga'on ¢ommlttlDg the ch8rity lo that exltUre. it 1$ probable that o trangfer of •cwmK bfft$ ill bg r•quir•d in s•tU•m•nt and Ihe omounl ol Ihe obligatwjn can b8 moasured reliabty. Expgnditur• i accwnlod for on an accrual& knsii ind ha$ bvtn clas5ifi8d under heading8 that a9318gath 8110)st io the category. Whar• c1• Can1> b• dir•dy ottnlxrt•d to p4rtKukg1 hoadHy thoy h•v• been 4kxated to athUe8 on g baBis o)nii¢t•nt 154th lh• us• ol r•8ourc8S. T•nolbl• fix•d •1$ D•pr•thtion i¥ prowd•d at t WolrvJ anmal rai¢• In ord•r to off aslot il• •8timat•d UfvI Fr property Equlpffwl 2% 1S% r'rj bolan TaxatSon The ¢h8rlty18 8x•mpt fmm lex It• ch8nlBbl• 8cIMO•& Fund •c¢ountlng Unr8stskl¢d funds b¢ uged In aecordanc• th• thwil•bl• otP4•8 at th• dlKr•lon ofth• truJtw•. R•8lridèd funds only b• uled paul r•stricted purpoueB th• obi8cI8 oflh• eharfty. R•¥trlOn1 ari#¢ $p8effi•d by th• dcw or lund8 •d lor Part•1 reslrict¢d puwtt. Further eWanBtion of lh• nalur• and of••ch ld is ClUded in th• nol•s to tho financial 8latorrts. Pr•paratlon on • golng conc•rn The Irugtees h8vo t¢nshgered the financial p¢rfcrfmanea ol tho Charfty lor the for•s*ble fuluro, In pathular, th8 next 12 10 18 rnenth$ #nd ar¢ th• Ch8rtty is 8 9rxng conc•m. INVESTMEMT IMCOME 2024 48 rgStated Deposit 8¢count terest 930 322 Page 6 conbnued...
TRUE JESUS CHURCH {CARDIFF) NOTES TO THE FINANCIAL STATEMENTS- eontlnu•d FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneralK)n or other beneffits for th8 year ended 31 Marth 2025 nor for the year ended 31 March 2024. Tru8t•¢s' •xp•n8•• There were no Irustees. expenses paJ for th8 y88r ended 31 March2025 nor for the year ended 31 Mar¢h 2024. COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTivmES Unrestricted fvn(J$ Restricted funds Total fvnds 85 restated INCOME AND ENDOWMEKfs FROM t>onallS and lega¥ 35,216 35,216 Investment incom& 322 322 Total 35.538 EXPENOMJRE ON Charltabl• actlvltl• R8ligious activilies 19.489 451 NET INCOMEIIEXPENDITURE) 16.049 {4511 15.596 RECONCILIATION OF FUNDS Totsl lund8 brought forward As previou5ty reported Prfor year adjustment 254,244 18.045 272,289 A• tst•d 252.951 18,045 270.996 TOTAL FUNDS CARRIED FORWARD 269,¢XA) 17.594 286 594 PRIOR YEAR ADJUSTMENT The prior perbod adjusiment has arfsen as a r88utt oflh& folkmty) urMleTrtatem8nts in the wlor pertod..: Und8rststemgnt of gift aid debtor peT continued...
TRUE JESUS CHURCH (CARDIFF) NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 IAARCH 2025 TANGIBLE FIXED ASSETS Freehd
P8ty EquiF*nènt Totals COST At 1 April 2024 31 March 2025 275,134 6.524 281,658 DEPRECIATION At 1 April 2024 CharrJe lof y6ar 44,016 5,502 4.531 48.547 5,803 At 31 M8r¢h 2025 49,518 4.832 NET 800K VALUE At 31 March 2025 225.616 1.692 At 31 March 2024 231.118 1.993 233.111 DEBTORS: AMOUNTS FALUNG OUE MThIN ONE YEAR 2025 2024 as restatsd Oth$r 4&blors CREDITORS: AMOUNTS FALUNG OUE WITHIN ONE YEAR 2025 2024 a8 r8Stat8d Other cr8ditor8 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 2024 a6 restatgd Total funds Unrn8tri¢W Restrict&J funds fvnds Tot81 fun#$ Flxed as88ts cunt assots Current lialItieS 210.165 73,163 2,4341 17.143 227,308 73.163 233,111 55,569 286,594 10. MOVEMENT IN FUNDS Prior year Nei movomènt In funds At 31.3.25 At 1.4.24 Unrn8trieted funql• General fund Designated furM1 249,441 17, 1.763 11,9561 249,248 31,646 267,237 1.763 11.894 280.894 R•strlcted funds Propety Fund 17.594 14511 17.143 TOTAL FUNDS 284.831 1,763 298.037 Page 8 continued...
TRUE JESUS CHURCH ICARDIFFI NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS- continu Net movèmènt in lunds. included in the above are as follM'. IncA)ming resourrs R6sourcos expended Movement in funds Unrestricted fund$ General fund Designated fund 19.990 20.650 121.9461 {6.8001 {1,9561 13,850 40,640 128,7461 11,894 R•strlcted funds Property Fund 1451} 14511 TOTAL FUNDS 40.640 129.1971 11.443 Comyr4tlv•8 lor M0m•nI In fund Plr ar adjustrn8nt Nel mov8m8nt in lunds At 31.3.24 Al 1.4.23 Unr•strlct•d fvnd• General fund Designated lund 254,244 11.2931 11.7471 17.796 251.204 17,796 254.244 11.2931 16,049 269.000 R•*trlet•d fvnd• Prop¢rty Fund 18.04$ 14511 17,594 TOTAL FUNDS 272.289 11.2931 15.598 286.594 Comparakn"v• n•t mov•m¥nl in funds, induded in the above arn as follo•ts'. InrnIng Resourc•s Movement in fur9 Unr•strl¢t•d funds General fund Desi9naled fund 17.742 17.796 119.4891 11.7471 17.796 35.538 119.4891 16.049 Restrlcted fund• Prop8rty Fund 14511 14511 TOTAL FUNDS 35.538 119.9401 1S.598 Page 9 continued...
TRUE JESUS CHURCH {CARDIFFI NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu•d FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS- contlnu•d A Current year 12 months and prior year 12 months combined rM)sibon is as follryws.. Prior year djustment Net movernent in funds Al 31.3.25 Al 1.4.23 Unrestrfct•d fvnds Gen8ral fijnd D8signat•d lund 254,244 470 13.703) 31,646 251,011 31.646 254,244 470 27,943 282,657 R•strlet•d fund• Propèrty Fund 18.045 {9021 17.143 TOTAL FUNDS 272.289 470 27.041 299.800 A currenl year 12 months and or y•or 12 monlhs rnned net [rvernon¢ in lunds. indudtd in th? above are as follows.. Incoming R?50urces resources èxpènd¢d Movement in fvnd Unr•8trict•d lund• General lund DaSn&t•d lund 37.732 38.446 141.4351 16.8001 13,7031 31.646 76,178 48.2351 27,943 R•strl¢t•d funds Property Fund 19021 TOTAL FUNOS 76.178 149.1371 27,041 PURPOSE OF OESIGNA7ED FUNDS The designated lund represents ¢Jonations co118Ct8(l in rèsp8Ct of lh& buildiThJ fvjnd for the True J8sus Chur¢h. 11 1$ a lund usgd by congregalions to acquire andlor renovate buildings for I15h1p and ministry purposes. PURPOS FUNDS Th8 f•Stricted lund reprgsents donations made initially towards lh• puichase ol the ¢h14rch building in 2013. This fund is redueod eath yèaf by thè Ul¥*InI atlnbutable deprecia1M ch8rg•d on th8 buiklirt9. 11. RELATED PARTY DISCLOSURES There were no relateil party transacb.ons lor th• y•8r erMl•d 31 Marth 2025. Pag8 10
TRUE JESUS CHURCH ICARDIFFI DETAILED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDEO 31 MARCH 2025 2025 2024 as restated INCOME AND ENDOWMENTS Donation• and l•gacl•s Offerings Donations Gift aid Building fund 13.205 3.057 2.798 20.650 12.296 2,774 2.350 17.796 39,710 35.216 Inv?•tm•nt InGom• Deposit account int•r•sl 930 322 Total Ineomlng r•$ourc•s 40.640 35.538 EXPENOITURE Charltable a¢tl¥lll•• R8t85 and water Light and 01 Telaphon8 Travel Social gvenls General Assèmbly Specific donations Post and slalionery miscèllan$ expense5 Repairs and ren•wA15 D•precialion of langibl• fix8d assets 1,231 2.541 1.238 3.263 395 1.439 1,518 3.668 2,921 1.889 3.958 6.800 128 243 1.580 5.803 78 233 728 5,854 27,094 18.414 Support costa Manag•m•nt Insurance 8ank ch8rg8s Professional le88 736 197 1.170 180 197 1.149 2,103 1,S26 Total r8$ources oxpendod 29,197 19,940 Net In¢om• 11.443 15.598 This page does not fom) part of thè statLrtory finan(aal statements Pagè11
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