**______________________________**
## **REPORT AND ACCOUNTS**
**FOR THE YEAR ENDING 31[ST] DECEMBER 2024**
**_____________________________________**
**C Management Services 69 Velindre Road Whitchurch Cardiff CF14 2TF**
## **PENIEL EVANGELICAL CHURCH**
## **FOR THE YEAR ENDED 31[ST] DECEMBER 2024**
## **CHARITY INFORMATION**
## **Trustees:**
Tim Curnow Philip Day Rev Andrew Norbury David Southwood Colin Tabor Robert Williams
**Treasurer:** Tim Curnow **Charitable position:** Registered Charity number 1153632 **Governing Document:** Constitution adopted 17[th] October 2012
**Address for correspondence:** Peniel Church Station Street Maesteg BRIDGEND CF34 9AL **Independent Examiner:** Paul Burnell ACMI C Management Services 69 Velindre Road CARDIFF CF14 2TF **Bankers:** HSBC
||**CONTENTS**||
|---|---|---|
|||Page|
|Charity Information||2|
|Trustees Report||3-4|
|Independent Examiners Report||5|
|Statement of Financial Activities||6|
|Statement of Assets and Liabilities||7|
|Notes to the Accounts||8|
2
## **PENIEL EVANGELICAL CHURCH.**
## **Report of the Trustees for the year ended 31[st] December 2024**
The Trustees have pleasure in submitting the Report and Accounts for the period ended 31st December 2024.
## **Structure, Governance and Management**
As set out in the constitution, new trustees are appointed by church members having been recommended by the existing Trustees. They will receive a copy of the constitution and the latest Annual Trustee Report. A period of training from trustees ensures new trustees are familiar with other policies and operational procedures.
There were no changes to the Trustee Board during the period.
## **Aim and purposes**
Advancement of the Christian faith in accordance with the basis of faith primarily, but not exclusively, within the surrounding neighbourhood; and such other charitable purposes as shall, in the opinion of members of the church in General Meeting and the Trustees, further the work of the Church.
## **Activities and Achievements**
During 2024 Peniel Evangelical Church continued to hold worship services each Sunday including regular special meetings for families and special occasions (such as Easter and Christmas) which were widely advertised in the community. A Bible study and prayer meeting took place each Wednesday evening.
We held activities based at the church premises but reaching out into the neighbourhood, for example we ran a weekly Community Café which attracted 14 or so people who are not part of the church. This provides bacon rolls and tea/coffee and a safe and welcoming space. An adviser from BAVO (Bridgend Association of Voluntary Organisations) is regularly there to signpost anyone in need.
We have maintained the kitchen facilities to be able to again receive a hygiene rating of 5 this year from the local authority.
Each month there is also a Café Church which is attended by folks from the community who are not regular attenders on a Sunday.
As well as our regular Friday night activity for children aged 4-11, we ran a Holiday Club in the Easter holidays when upwards of 30 local children attended.
We continued to run a weekly Mothers and Toddlers session which has upwards of 30 on its books.
We maintained regular visits to a local care home (Bryn Celyn). For most of the year we provided support (including financial support) to a family of Iranian asylum seekers who were placed by the Home Office in a house not far from the church. In December 2024 they were granted leave to remain in the UK.
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In 2024 we spent around £9000 renovating a store room on the church premises to make a creche room with additional storage and audio visual link whilst the services are taking place. It makes an attractive place for parents with babies and young children to come and spend time in.
## **Public Benefit**
The trustees continue to be very aware that the church does not exist for its own benefit but must - in order to fulfil its purpose – seek to be a blessing to the community.
## **Financial Review**
Income for the year amounted to £85,643 (2023: £75,096) and expenditure amounted to £80,779 (2023: £95,712). This gave an annual surplus of £4,864 (2023: £20,616 shortfall). Unrestricted funds carried forward at the year end were £32,111 (2023: £27,345). Restricted funds carried forward at the year end were £544 (2023: Nil).
## **Reserves Policy**
The church holds a savings account into which monies from the current account are transferred when available. When required, funds are withdrawn from the savings account to bolster the current account. We aim to keep reserves totalling £25,000.
This Report was agreed by the Trustees and signed on their behalf by:
………………………………………… ……………………………………. David Southwood – Secretary Tim Curnow – Treasurer Date: 13[th] June 2025
4
## **INDEPENDENT EXAMINERS REPORT**
## **TO THE TRUSTEES OF**
## **PENIEL EVANGELICAL CHURCH**
I report on the accounts of the Trust for the period ended 31[st] December 2024, which are set out on pages 9 to 12.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Paul Burnell
Paul Burnell ACMI 13[th] June 2025
For and on behalf of:
C Management Services (trading name of C Mgmnt Services Ltd) 69 Velindre Road
Cardiff CF14 2TF
5
## **PENIEL EVANGELICAL CHURCH**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31[st] DECEMBER 2024**
|Note
**RECEIPTS**
_Receipts from generated funds_
2
_Receipts from charitable activities_
3
_Other receipts_
4
Interest received
Total Receipts
**PAYMENTS**
Charitable activities
5
Governance costs
Total payments
**Net Receipts/(Payments)**
Transfers between funds
Prior year adjustment
Fund balances at 1st January 2024
Fund balances at 31stDecember
2024|Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2024
£
Total
Funds
2023
£
80,695
3,474
84,169
67,296
-
-
-
908
-
908
7,800
566
-
566
-|
|---|---|
||82,169
3,474
85,643
75,096|
||77,849
2,930
80,779
95,712
-
-
-|
||77,849
2,930
80,779
95,712|
||4,320
544
4,864
(20,616)
-
446
-
-
446
-
27,345
-
27,345
47,961|
||32,111
544
32,655
27,345|
The notes on page 8 form part of these accounts.
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## **PENIEL EVANGELICAL CHURCH**
## **STATEMENT OF ASSETS AND LIABILITIES5**
## **FOR THE YEAR ENDED 31[ST] DECEMBER 2024**
## **1. Fixed Assets**
|
The value of assets owned are:
Buildings
Equipment
**2. Bank & Cash Balances**
Cash at bank and in hand
Investments
**3. Other Assets and Liabilities**
_Assets_
Gift aid tax recovery not yet received
_Liabilities_
Unbilled fee for Independent Examination
|Insurance Value
2024
£
1,003,214
39,547
1,042,761
2024
2023
£
£
2,655
2,345
30,000
25,000
32,655
27,345
2024
2023
£
£
2,599
2,239
180
-|
|---|---|
The accounts were approved by the Trustees and signed on their behalf on 13[th] June 2025 by Tim Curnow as Treasurer
## Signed:
The notes on page 8 form part of these accounts.
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## **PENIEL EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2024**
## **1. Accounting Policies**
The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities
|**2. Voluntary receipts**
Donations
Gift Aid claimed
_3. Receipts from charitable activities_
Conferences and events
**4. Other Receipts**
Grant received
Rent
Other income
**5. Charitable activities**
**a. Direct Charitable Costs**
Salaries & staff expenses
Ministry expenses
Children’s Ministry
**b. Support and Administration**
Premises rental and expenses
Administration and general expenses
Insurance & professional fees
Catering
**c. Grants**
World Mission
Benevolent gifts|Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
64,829
15,866
3,474
68,303
15,866
55,631
11,665|
|---|---|
||80,695
3,474
84,169
67,296|
||-
-
-
Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
500
-
500
-
-
408
-
-
-
408
-
7,800|
||908
-
908
7,800|
||Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
38,029
-
38,029
49,657
2,509
1,137
-
-
2,509
1,137
2,980
3,782|
||41,675
-
41,675
56,419|
||24,953
-
24,953
28,372
3,948
-
3,948
3,646
981
-
981
977
2,800
-
2,800
4,833|
||32,682
-
32,682
37,828|
||3,342
1,985
5,327
825
150
945
1,095
640|
||3,492
2,930
6,422
1,465|
## **6. Staff and Trustees**
The charity has one employed member of staff and had a second employee who left at the end of January 2024. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.
The Pastor, Andrew Norbury, who is also a Trustee, was employed and received a salary of £36,070 in his capacity as Pastor of the church.
No remuneration or trustee expenses were paid to any other trustee during the year, nor to any person connected to them.
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