REGISTERED CHARITY NUMBER: 1149273 ## REPORT OF THE TRUSTEES AND **UNAUDITED FINANCIAL STATEMENTS FOR** THE **YEAR ENDED 31 MARCH 2026** ## **FOR** ## **TRUE JESUS CHURCH (CARDIFF)** Bevan Buckland Ltd Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA61 2BP TRUE JESUS CHURCH ICARDIFFI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Po9• R•port of the Trusle•# 1 to 2 Ind•p•ndgnt Emminerfs R•port Stat•mgnt of Flnanclal A￿1VItI• Stat•mont of Flnanclal Posltlon to the Flnanclal Stat•ment8 6 10 11 Iyetailed Stat•m•n¢ ol Fln8n¢lal ActlYltl88 12 TRUE JE8U8 CHUR¢H {CARDIFF REpoKf OF THE TRUSTEES FI)R THEYEAR ENCED 31 MARCH 2•ZO Thè trustees preawrt th•tr rwxxl wlth lh• fvièrKi•l It8*mr￿¢S of Ihe d)tirity for the yew •ndpil 31 MBrth 2028. Th• truslBOS Jdwod Ihe provl$h)ni OF I￿oUnt*￿ arKI ReF*)rt*w by Charll18$'. of RecmmeTrJad F*Ktbc• pplies￿• to thwr wjunts In ao>)r¢anc• wilh the Rwrting Stwwjard ￿rAbl8 in the UK and RepuL4K ol lrnland IFRS 102} I•￿￿￿v• 1 J•Tru￿ 20191. ObJe¢t1￿& and ah tr￿188$ haw h*1 due rngonl to tra Chffji C￿MMIS￿n guid•rte on wbSc boTr￿ J•su8 Church Icardrf) swks to meet this gukJanc* IhroJgh of a ￿•co of ￿hIp. 5gek5rYJ rw ond adharnnti. •rt&xNag*nq arvj faLilikting tho pracll¢• of relioK*n by folrydw$ and a& as and understhndkng crf religio￿ ond prnc*lc4•. ACHIEVEMEIITS AND P8iFORlJWICE Ckn*rftabl• a¢l¥tths As a charity. our core &Gb.￿lI•S indude • I￿8k￿ g8th•rtng at Canton H811 on Sa1urday and Tr3u*r bfth• gtudlgs •1 dmferent P￿0•$. Fmm Sept•mb•r 2013. wre￿09•d gnd renovaled FYemI￿5 in Wost 8ute Str8•t. Cardiff to actommc4lat8 our ActhMtIo8. From Imo to Im•, vl&it ￿r momber8 t•tho gre in aThY 9n(XMJr￿ th•m *lth words of God. OTrc• évèry monlh¥. ￿ invtte poo¢hgrn to engage In èvangÈli4tit Ènd pastoral WDrk8 In Wal8 Our tharity mb$lon •im Is 10 6UPPOrt and èmpxw th¥ loral wnmunlty fvr batt8nnant bsith thrwtlan 198thlros. Mémbws from C•rdrff ond th• ¥urroundlThJ ore89 lo galher foF preyw and supp)rt ￿ch Othor wth th doctrtn8 of Jesus ChrtsL FINANCIAL REVIEW pollcy Tho SUlFrfus lor tho y•ar was £11,380 1202S £11,443) R85•¢v•s for y￿r lo 31 2028 8mount io £309,417 12025 £298,037) of whlch E16,e92 12025 £17,143} *•r• wtri¢t•d. STRUCTURE. GOVERNANCE AND IWIAGEMEFIT Gov•mlng do¢um•nt TM tharlty is <￿tr¢+I1 ty rb (kwh￿( • de•d 01tru￿ I￿j an th*ity. Thgre M(￿ b8 al1oa$l thr•0 Iru$l•g4. Apwt frcfn the flrnt *ustso& *tK> w• ap(Kthled y￿. o¥•ry IrpMt•• be 8pwnled for a twm of four yaar8 by & rwlulon pa850d by the Iwstoes at a ¥*i81 ￿ethn9- tnAeg8 rTM*t rngard to th• sklls. 8ThJ •y4xrf8nc• rn•d•d kjr Ihu •ffVCb￿ •*nlnL8tratbn of the L**rtty. REFERefrKE ANO AD￿NISTRATIvE DETAILS Regl$twed Charlty numb•r 1149273 Prfn¢ipal ad+*••* 21 W￿1 Bute Stréèt Cardrfr CF10 SEP DrBMFCthoo MsSPHe JL kndopBnd•nl Exomln•r Bevan BucklaTrJ Lld 45 Hl9h Strwt P8mlMDk•sFirn 12BP COWIENCEMeNT OF ACTMnE Jesus ICarddTI 16 9wngd by do80 0fts￿l d•t•d 5 F•￿ 2012 bK*T* • rylrthtorod dwrfty Iffl 10 Pao• 1 TRLE JE8U8 ( FQR THE YEAR EIKJED 31 IAARCH 20X 0511512026 Ke Vffli1 Ckoo Beniarnin CW (May 15 20X 14".OJ S• GMT+I) Dr B M F ch￿•. TnJat•• INDEPENDENT EXAMINER'S REPORT ro ThE TRUSTEES OF TRUE JESUS CHURCH (CARDIFF) Inde￿ndent examiTMrfs rgport ¢0 th? tru¥tses ot True JF%U5 Church Icardiffj I r8port to thÈ th8rity twsteèg on my examin8tion of tt)8 8crthnts of True Jesus Chur¢h {Cardlffj Ilhe Twstl for the year ended 31 ￿TCh 2026. R•$ponsibilitles and basls of r•port As the charity trusttss of th& Trust you are respon6iN8 for lh6 preparation of th& accounts in acwrd8rKe with thg r8quirements of Iha Chari*es Act 2011 I'the AGVI. I report in respect of my examination of the Trusfs accoun15 carTBd out urKler Section 145 of th$ Act and In earylng out my examin8tion I heve f0llcp￿ed all applicable Directions given by the Charity Commi55ion undar Saction 14515llbl of the Ad. Ind•pgndgnt •xamln•rfs stat•m•nt I have completed my &xamin8tion. l Confirm that no material matters have come to my attentKJn in connection vnih the examinBtion givlng me iause to b8lieve that in any meterial respect.. acctsun1ing recor(ts were not kept in resp8¢1 of the Trust as Nuired by Secuon 130 ofthe Act.. or the accounts do not accord with those re￿rdS.. or th8 aeeounts (k) not com1￿Y wlth thè appI￿A￿e requirements concemtiig the fom and content of accounts set oul in the Charitiès (Accounts and Reports) RggulBtions 2008 oth8r than any requlrement that the accounts gve a true and foir vthKh is not a matter considered a5 part of an independent examinathon. I have no concoms and hav8 come acro55 no other matters in ¢onnecb'on with the ex8min8tion to which Btt•ntion slthld be drawn in this report in order to enable a proK*r und$rslandin9 of th& accounts to bè reach8d. Alun Evans FCA Bev3n 8u¢kland Ltd Chartered Ac￿￿￿Thts 45 High Street HAverfordwost Pembrokeshire SA612BP Datè.. Page 3 TRUE JESUS CHURCH {CARDIFFI STATEMEPU OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 IAARCH 2026 2026 Tot81 fund$ 2025 Total funds 08 restated UrTrstrict8d Restrthd funds ds ljonatkrt 8rn15ty8(x68 35.889 35.889 39.710 937 937 930 T￿1 38.828 36.826 40.640 EXPENDITURE OM Ch•rltsbl• *¢tlvlti Roligious octlvitleB 24,995 451 2S,446 29.197 NET INCOMEIIEXPENOITURE 11,831 (4S11 11.443 RECONCILIATION OF FUND8 Tot81 fvnds bro￿h1 fornvard 280.894 17.143 298.037 286.594 TOTAL FUNDS CARRIED FORWARD 292.725 16.692 309.417 298.037 Tho Th)tes fomi ol these finanrAal statements 9•4 TrUE JESU8 CHURCH ICARDIFFI STATEMENT OF FINANCIAL po3ifioN 31 MARCH 2026 2026 25 FIXED A&8ET8 221.916 CURRENT A88ETS Oelltors Ca•h at ba 3.817 60.348 90.431 73.163 CREDITORS AtYw)unt9 falty (k• ￿lIhin year P,930) {2A341 14Ef CURREMT ASSETS 87.501 70.729 TOTAL A88Ef8 LE88 CURREprr UABILMES 30&h17 298.037 N￿A$sEr8 309,417 298.037 FUMDS Unmstricted ILmd$ R•gtric*d funds 10 292.725 16,6Y2 280.894 17,143 TOTAL FUND8 309,417 298,037 Th• f•)ando1 ststernonts wo th• Board of T￿￿￿eS •uthoriwJ tr issue on "U51f 512D?B" """ 8rvJ V*pr• sljnejl on Its bahaK by. fithrfl*V Ckoo 88ryar(un&￿a ay.JS.tsQ2&.IU2'54 M F Chco. Trustop *1 S P Ho. Trustee The Th)t•s forrn part of th•se financial staknents P890 6 TRUE JE8U8 CHURCH ICARDIPFI N(m8 TO THE FMNCIAL 8TATEMepns FOR IHE YEAR EP4DED 31 IIARCH 2020 of w•pirfng th• •tst•mèhts Th• fimnual itsi•m•nts ef eh8rfty. is a pubtk b￿fft •nOty uThl•r FFIS 102. h•v• b8•n prepare•J In ¥dancA ￿ th• C*wki•s SOAP IFRS 1021 'k£*iunbrvJ and by Chwttlm.. SI￿￿￿0n1 ol Sts￿rtI #W￿bb? In th• UK rf IrglwM1 IFRS 10211811*kn 1 20191.. FIn￿k￿l R•pr*Urq Stsndard 102 Th Fin&rvl R•porbf¥J SlandaFd ap￿Ir￿N• in Il¥y UK aThJ R•wt4ic Ir•lorKI' oThJ th• Clwths 2011. ffirMnrapl Iwv• b••n urthr th• IM11￿1c•1 r•xl inc￿18 ar• m*18 up of •drnkn18tratk)n aThJ rn•n•9eMt, coth ar*J goYon&TrKè costs. I30v￿ar￿ co•ts •rn Ir￿rr￿1 In cc￿￿t￿n wllh the (wll4nc• wllh con8tlbj￿OTr￿ and Gtatu rwlrem•nts oflhe Charfty. Tawlbl• fix•d ￿••14 D•y•thlbn ts prryldjd at thg •nThJ4 rzt•s In ord•r io thr1￿ dl •Kh •uel o¥•r Is ••*n*Jd 2% on c￿1 T•x•llon Thg is from tax on Unrnsti1c￿ fi￿dI ar• T•s￿jr¢0S rpKthth w gwwratsd ky lh• oblK* L* the cwty *Allh¢yJl fwthor •PoeffiBd pry4• And w• ￿￿L9t￿• 01 g•rvJrnl fiJThl3. Ihuo ult•rfa Is c*ary•d to thg firKI. togo•w*th a lglralocalon rA aThJ oo•ts. 0•8*￿thd funds f￿n￿l èWm8￿•d by the trLOte•• kn 4 ￿rISCuL￿r purpo•••. They are rwlrkknj a￿1 rn•k• up tha unr•strlGl•d Treda and olhw dgbtorn •r• ￿09￿1#*d at trk• $￿t￿t ￿n￿Unt tkn. Pr8paymonts are valued at the amounl pr¥￿d n•t of any dlKcwnts dug. A￿u•d In¢tyno is Indud•d al ￿ estimat• of I￿ •meunts T￿81¥*￿A• •1 Ihe TRUE JESUS CHURCH ICARDIFF} NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR ThE YEAR ENDED 31 MARCH 2026 ACCOUNnNG POLI¢IES- conllnu•d Cash ond ￿$h •qulvalents Cash and cash equival&nts comprlsa cBsh in hand and demand deposits that are ￿adity convertible lo a known amount of ca8h and are subject to an in5igThficant risk to thanges in val¢Je. Cr•dltors Creditors aro recognised where the Charity has 8 present obligation resulting frorn a pa8t gvenl that wll Probably result in the tTrnsfer of fund3 to a Ihird paty and the amount due lo settle the obligation can be mg85ured or estimatod reloably. Cr6dilors ar8 nonnalty r8cogni8od at their 8&ttl&mnl amount after allowing for any tN10 discounts du6. Fln•nelal Instrnm•nts The Charity only has financAal assots and financial liabiliti8s of a kind that qualfy a5 basic financial instrum8nts. B85ic financial instruments are initially recognised al IranEaction value and subsequerty measured at their setU8menl value. Golng conc•m The trustaes havg considarad thè financial ￿rtOM1ant* of the Charity for tha for9s￿blO futur•. in particular, the next 12 to 18 months ond ore confident thot the Charity is a going concern. INVESTMENT INCOME 2026 2025 as TOSt&le(J Deposrt account Snterest 937 930 TRUSTEES. REMUNERATION AND BENEFITS There woro no trusts&s' r8mun•ratton or other bon•ffts for tho yoar 8nd8d 31 March 2026 nor for tha year ond8d 31 March 2025. Trusts•s' •xp•ns•s Thèrè no trusteag, 8xp&ns8s pald for th• yoar èndad 31 MArch 2026 nor for th& ènd•d 31 March 2025. COMPARATIVES FOR THE STATEmETr￿ OF FINANCIAL ACTivrfiES un￿St￿lo1ed funds Restricted fvnds Totsl funds as restsled INCOME AND ENDOWMENTS FRO Donations and1ogacig$ 39.710 39.710 Inv9$tsnont Income 930 930 Total 40.840 40.640 EXPENDITURE ON Charltablo aetlvhl08 Raligious adviuas 28,746 451 29.197 NET INCOMWIEXPENDrruREI 11.894 (451) 11.443 RECONCILIATION OF FUNDS Totsl funds brought forward As preV￿￿31Y reportad Prior year ¥¢Jjustm•nt 267,237 1,763 17.594 284.831 1.763 As r•¥tatsd 269.IK)O 17.S94 286.594 Page 7 ontinuod... TRLIE JESUS CHLIRCH ICARDIFFI NOTES TO THE FINANCIAL sTATEME1￿8- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2026 COMPARATIVES FOR THE STATEME￿ OF FINANCIAL ACTIv￿lEs • tontinuod Unr8slrict&d funds Rastricted fvnds funds as restated TOTAL FUNDS CARRIED FORWARD 280.894 17.143 298.037 PRIOR YEAR ADJU8Th1EMT Th& prior ￿n(x1 8djLtslm8nt has aris￿ as a r•suli ol th• following und•tstat•mants in th• prtor pèricKI:: Und8rstalem8nt of gfft ald debtor 1,763 TANGIBLE FIXED ASSETS Freehold pTop&ty Short leaBehokl Equipment Total COST At 1 Aprfl 202S Addrtions 275.134 6,524 430 281.658 430 At 31 March 2026 275,134 6,954 282,088 DEPRECIATION At 1 April 2025 Charge for year 49.518 5.502 4.832 54.3 5.822 320 At 31 Morch 2026 55.020 320 4.832 60.172 NET BOOK VALVE Al 31 Mar¢h 2026 220,114 {3201 2,122 221,916 At 31 March 2025 22S.616 1.692 227.308 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2026 2025 85 reslaled Olher dgbtors 5,969 3,817 Pèg• 8 Gonlinued... TRUE JESUS CHURCH (CARDIFF) NOTES TO THE FINANCIAL STATEMENTS- contSnu•d FOR THE YEAR ENDED 31 MARCH 2026 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 as restated other credito 2,930 2,434 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2026 2025 88 rostaled T(knl fund8 Unrestricted Restricted funds funds Totsl fund$ Fixgd assets Curront assèts Current liabiliti$$ 205,224 90.431 12,930} 16,692 221.916 90.431 12,9301 227.308 73.163 12,4341 292.725 16,692 309,417 298,037 10. MOVEMENT IN FUNDS Net movemanl in funds At 31.3.26 At 1.4.25 Unr•5trÉcted funds General fvnd Deggll8ted ftjnd 249248 31.646 11,531 260,779 31.946 280,894 11.831 292.725 RestTiCted funds Property Fund 17,143 14511 16.692 TOTAL FUNDS 298,037 11,380 309,417 N&t movement in funds. included in the above are as follow6.. Incomlng rosourc8s Reswrces exp&nded Movgmenl in funds Unrnstrf¢t•d fund$ General fund Dgsign*ted lund 36,526 300 124,995) 11,531 300 36.826 124,995} 11,831 Rostrtctgd funds Property Fund {451 } {4S11 TOTAL FUNDS 36,826 125,4461 11,380 Page 9 continued... TRUE JESUS CHURCH (CARDIFF) NOTES TO THE FINANCIAL STATEMENTS- eontlnugd FOR THE YEAR ENDED 31 MARCH 2026 10. MOVEMEMT IN FUNDS- continued comparat1￿% lor rnov¢ment kn funth Prior y&8r adjustrnent Nel Al 31.3.25 At 1.4.24 in funds Unrnstrlct•d funds General fvnd Design8led fund 249.441 17.796 1.763 11,956} 13,850 249,248 31,646 267,237 1,763 11.894 280.894 R•strlct•d funds Property Fund 17,594 1451} 17.143 TOTAL FUNDS 284.831 1.763 11,443 298,037 Comparative net movem8nl in funds, induded in the above 8re 88 follow8: Incoming resource8 Resource8 expended Movement In fiJnd$ Unr•gtrfct•d fvnds Ggnfjr81 fund D8signat•J fund 19.990 20,850 121,9481 16.8001 11,9561 13,850 40.640 128.7461 11.894 R•strfCt￿ fund* Property Fund 14511 14511 TOTAL FUNDS 40,640 (29,1971 11,443 A currént y•ar 12 mc￿th8 and pri￿ ￿Or 12 months combinod posrtion is as fr4Iow8: Prior year adjuslm8nt N•t movement in bjnds At 31.3.26 At 1.4.24 Unréstrltt•d fvnds General fund D¥$lgn8led fund 249,441 17.796 1.763 9,575 14.150 260.779 31.946 267,237 1.763 23.725 292.725 R•StrI¢t￿ fvnd• Property Fund 17.$94 19021 16.692 TOTAL FUNDS 284.B31 1,763 22.823 309.417 Page 10 crmtlnugd... TRUE JE8U8 CHURCH (CARDIFF) NOTES TO THE FINANCIAL STATEMeNTS- contlnu•d FOR THE YEAR EIIDED 31 MARCH 2026 1D. MOVEMENT IN FUNDS- contlnu•d A current y8ar 12 months and wor yeor 12 months con*)ined net movomenl in fuThJ&, Ind￿￿1 In 8bo¥o *• as follow8.. InL)Thing ROS￿￿8 Mo¥8m•nt In funds Unrestricted fund• General fund Dgsignatsd fuThJ 56.516 20,950 46,9411 (6,PAKI} 9.575 14.150 77.466 S3.741} 23.725 Restrfct•d fvnth Property Fund I￿2) 1802) TOTAL FUNDS 154.643) 22.823 PURPOSE OF D ND Th• deslgnated fvnd r8pK8s8nts dOnati￿S c￿￿cled in res￿ of the building fijnd kn Ihe True Je8ui Chur(*. 18 8 fund u80d by corvJtyation¥ to ¥c4wn andlor Ter￿ bLMldin95 for Iwyship mlr* pu￿. PURPOSE OF RE8Tr1CTED FUNDS Tho r8sln.cted fund rOp￿Sents donalionB rn￿le inTbally tvwds tho purcha80 of th• ¢hur¢h IxlWJwig in 2013. This fund 1$ rtyJu¢gd o#¢h yg•r ty th¥ wwival8nt attnbut8bl& dfrpredatl￿ ¢harg•J on Iho tyLwklirrfJ. 11. RELATED PARTY DI8CL08URe8 Thoro no related paty trnnsaclions for the year ended 31 March 2026. P8y11 TRUE JESUS CHURCH (CARDIFFI AILED STATEMENT OF FW4ANCiAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2026 2028 2025 as restated IP4CQME AND ENDOWMENTS Donatlorn and Offgrfngs 0￿)￿tK)n$ Gift aid BuildirvJ fund 14,515 5.4¢)0 3.425 12.549 13.205 3.057 2,798 20,650 35,889 39,710 ImiMtffl•nt Incom• Depo3il eccount int•r•gt 937 930 Total Incomlng r••our¢ 40.640 EXPENDITURE Charflabl• •ctlvhl•* RAl&s and wal&r L￿￿t 8nd h8al Te￿phOne Trav Social •wnts G￿ra1 A8sombty Spoufic donations P05t and $ts1ionory MO￿110n￿oUs expgnv0B Rép8ir$ 8rK1 ro￿￿￿15 D•prac4at*)n of tarwJli40 flxfjd a￿015 1231 2.541 2.211 181 2.921 1.889 3.958 6.800 128 243 1.580 5.803 1,888 6.945 300 10 72 934 5.822 23,127 27,094 Supwl co•ts Man•g•m•nt Insurance Benk chapJos Prof055ion•l fw8 862 736 197 1.170 1,311 1319 2.103 Total T?￿re¢S 8NPond•d 25,446 29,197 N•t Incom• 11.380 11,443 Thi8 paw not fcm pwt of tha Statut￿ fThnLial slat•rMnts Page 12