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← The Glyn Nest Baptist Home

2024-12-31-accounts

The Charity Registration Number is :- 1160563

The Glyn Nest Baptist Home

Report and Accounts

31 December 2024

Cross & Bowen Chartered Certified Accountants Riverside House Normandy Road Swansea SA1 2JA

The Glyn Nest Baptist Home Report and accounts

Contents

Page
Charity information 1
Trustee's Annual Report 1
Statement of Trustee's responsibilities 8
Independent Auditors' Report 9
Funds Reports:-
Statement of Financial Activities 13
Movements in funds 14
Revenue Funds 14
Summary of funds 14
Balance sheet 15
Cash flow statement 16
Notes to the accounts 17

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

The Trustee presents its Report and Accounts for the year ended 31 December 2024.

Reference and administrative details

The charity name.

The legal name of the charity is :-The Glyn Nest Baptist Home

The charity's areas of operation and UK charitable registration.

The charity is an unincorporated charity, registered in England & Wales, with charity number 1160563.

Legal structure of the charity

The Governing Document is dated 19 May 1992

The Trustee is The Welsh Baptist Union Corporation Limited (Charity number: 248192)

The principal operating address, telephone number and email and web addresses of the charity are:-

Newcastle Emlyn Carmarthenshire SA38 9BW Telephone 01239 710950 Email Address info@glynnest.co.uk Web address www.glynnest.co.uk

The Trustee in office on the date the report was approved was:-

The Welsh Baptist Union Corporation Limited

The Trustee in office during the year were:-

The trustee who served as a trustee in the reporting period is as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Corporate Trustee in office on the date the report was approved was:-

The trustee shown above is a corporate trustee, and the names of the directors and name of the body corporate concerned on the date the accounts were approved were:-

1

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

Names of Directors of The Welsh Baptist Union Corporation Limited

The directors of the corporate trustee who served in the reporting period were as shown below.

Mr. H.B. Tribe Rev. I.C. Roberts Rev. D.M. Owen Mr. F.H. Maull Mr. W. Davies Rev. Judith A. Morris Mr. Glyndwr S. Prideaux Mr. David Evans Rev. I.E. Jones Rev. Susan J. Phillips Miss Aldyth Williams Professor Emeritus Iwan R. Davies - appointed 23/05/24 Mr. R.S. Scourfield - appointed 23/05/24

The charity's organisational structure.

On 19th September 2006 the Welsh Baptist Union Corporation Limited delegated responsibility for the management and administration of the Home to a company formed specifically for this purpose, namely Glyn Nest Trustee Company Limited, a company limited by guarantee. The directors of this company are:

Mrs. Bronwen Letitia Davies, Mr. Glyndwr S. Prideaux, The Revd Irfon Caradog Roberts, The Revd Judith A. Morris, Dr. Caroline Margaret Jean Williams, Mrs Mary Elizabeth Roberts, Mrs. Julie Thorpe, Mr. William Dyfrig Davies, Mrs Marian Irene Phillips, Mr. Islwyn Davies Evans and Professor Emeritus Iwan R. Davies(appointed 23/05/24).

The Company Secretary is Mrs. Bronwen Letitia Davies.

The board of directors, which meets on a quarterly basis, is authorised to appoint new directors to fill vacancies arising through resignation or death of an existing director. Suitable candidates would be interviewed and a training course would be made available. None of the directors has any beneficial interest in the charity. The day to day running of the home is delegated to the full-time registered manager Jayne Evans, who is supported by fully trained staff on duty 24 hours a day and domestic and maintenance staff.

Bankers National Westminster Bank PLC Solicitors Messrs Pothecary Witham Weld Accountants Cross & Bowen Auditors Ellis Lloyd Jones Audit Limited

2

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The trustees shall stand possessed of the property and all funds and other assets presently held by them for or in connection with the said home together with any accretions thereto and income therefrom and all property for the time being representing the same (hereinafter called 'the trust fund') upon trust to pay or apply the same (without distinction between capital and income) to the charitable work of the Welsh Baptist denomination for the relief of the aged and the relief of the infirm and without prejudice to the generality of the foregoing the establishment and maintenance of residential or other accommodation of any kind and any amenities to be enjoyed in connection or association therewith for the relief of aged and/or infirm persons in need thereof in such form and upon such terms and conditions as the trustees shall from time to time determine until such time as the assemblies shall jointly or if meeting separately shall both otherwise by identical resolution determine and thereafter for such purposes in connection with the promotion of the charitable objects of the union as the assemblies shall jointly or if meeting separately shall both by resolution direct.

The main activities undertaken in relation to those purposes during the year.

The advancement of health or saving of lives through the provision of accommodation and housing, religious activities and recreation to the elderly and people with disabilities.

The Home offers long term, short term and respite care for a maximum of 28 individuals from the age of 65, including married couples, who because of physical or mental incapacitates require assistance with daily living. District nurses are regular visitors to the home and the two pharmacies, Bridge and Boots provide a wide range of medical supplies including medication prescribed by the General Practitioner.

A domiciliary optical service visits the home on request and carry out yearly routine eye examinations. A private podiatrist visits the home on a bi-monthly basis and there is a charge for this service.

A mobile library van visits the home at regular intervals and this gives an opportunity to request books. There is a small library within the home, offering a selection of books of interest to the individuals. Ministers of Religion and Clergy are regular visitors to the home and they conduct Sunday Services as well as a monthly communion service.

An experienced hairdresser visits the home on a fortnightly basis and there is a charge to the individual who wish to make use of this service.

There is an enclosed sensory garden which is a quiet and stimulating area for the individuals who reside at the home together with members of their families to sit and enjoy the flowers and plants, which are planned to reflect the changing season.

The standard of the food provided by the Home is exceptional and this is reflected in the five star Food Hygiene rating of its kitchen.

3

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

The main activities undertaken during the year to further the charity's purpose for the public benefit.

Glyn Nest is able to provide accommodation and care for up to 28 residents, one of these places is a respite bed for short stays. The home does not accept new residents who require bed care, but if the health of the residents deteriorates they are cared for at the home unless a hospital stay is necessary on medical grounds. The residents are also required to move if they fall outside the registration guidelines stipulated by the Registration Unit of the Local Authorities.

The trustee has had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The charity doesn't carry out any significant fund raising activities.

The charity's strategies for achieving its aims and objectives in the future.

It is the intention of the committee to keep the home in a good state of repair, internal decoration and furnishing. Because the home is in a Conservation Area there are constraints on alterations which would otherwise be preferable and which make it more difficult and expensive to carry out repairs. It is believed that finance available is more than sufficient to pay for all known repairs. It is the intention of the management to carry out a rolling programme of replacement of furniture and equipment as deemed necessary. Glyn Nest aims to provide a service which supports its individuals to achieve the best possible outcome in respect of their care and support needs. This is achieved by providing a care and support service which meets the assessed needs in a way that the individual prefers. Any risk associated with meeting the needs will be reduced as far as possible. Staff training is provided to ensure the Home is able to meet the individual needs safely and in accordance with current legislation. Career development opportunities are provided for each member of staff and this ensures that the overall aim of supporting every individual to be as independent as possible, for as long as possible.

4

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

The main achievements and performance of the charity during the year.

The year ended 31st December 2024 saw occupancy levels maintained at a similar level to 2023, however, due to the uplift in fee levels, income from residents increased by £44,112. Also, the continued increase in interest rates resulted in a rise in the income generated from COIF deposits.

The general running costs increased slightly during the year, but there was a significant increase in the cost of agency staff, which resulted in a deficit of £60,163 during the year.

The Management continue to monitor the pay structure to encourage future recruitment. The Home makes a special effort to find employment for disabled people. A fully integrated policy of employment training is given to staff and the QCF programme has been adopted. The majority of staff are very loyal and hardworking. This has been demonstrated in staff appraisals, by the voluntary giving of time by staff to fund raising activities and by the reports received from inspectors, visitors and residents.

Staff are encouraged to follow QCF courses and good progress is being made in raising the already good standard of staff competence. There is a good relationship with Coleg Ceredigion and with the Shaw Trust.

Fees to individual residents are closely monitored in accordance with Social Services recommended rates. Costs continue to be stringently controlled.

The Home continues to provide residents with a wide range of activities and the staff have regular consultations with residents to ensure that the activities provided are meeting their wishes.

Feedback received from residents is monitored to ensure that the high standards of care are maintained.

Relationships between the charity and related parties, including its subsidiaries

The related parties of the charity are The Welsh Baptist Union Corporation Limited, The Baptist Building Fund for Wales and The Baptist Union of Wales. The Welsh Baptist Union Corporation Limited is the sole trustee of both Glyn Nest Baptist Home and the Baptist Building Fund for Wales and holds significant assest on trust for the Baptist Union of Wales.

The contribution of volunteers during the year

The Home relies heavily on volunteer committee members who contribute both general knowledge and specialist expertise and without which it could not operate.

The committee is also grateful for the commitment from all other volunteers who continue to support the Home, through various activities and fundraising events.

5

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

Financial review

The charity's financial performance for the ended year ended 31 December 2024

Income
Expenditure
Surplus/(deficit)		 2024
£
1,210,272
1,270,435
(60,163)		 2023
£
1,167,135
1,160,572
6,563

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity		 1,646,345
1,646,345
 1,706,508
1,706,508

Financial review of the position at the reporting date, 31 December 2024

The year ended 31 December 2024 saw an increase in income from residents of £44,112. Also, the increase in interest rates resulted in a rise in the income generated from COIF deposits.

However, to offset these increases, the home had to increasingly use the services of agency staff, with the associated cost rising by approximately £100,000 from the previous year. This resulted in a deficit for the year of £60,163.

Fees to individual residents are closely monitored in accordance with Social Services recommended rates.

The use of agency staff continues to be an area of concern, as the cost of doing so greatly exceeds the cost of employing the charity's own staff. The committee are constantly looking at ways of recruiting staff in order to minimise the use of agency staff in the future.

Specific changes in fixed assets are detailed in the notes to the accounts.

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Further details of these risks and the systems in place to mitigate them are set out in the Business Continuity Plan, which is availble for inspection at the office in the Home.

Factors likely to affect future financial performance .

The charity is always at risk of a sudden reduction in occupancy levels, but in view of the quality of care offered, it is hoped that new residents will be quickly found to fill any vacancies. The committee is also considering the possibility of introducing top-up fees to new council-funded residents in order to bridge the gap between the level of council fees and private fees. The use of agency staff will also have an effect on the future performance, however, concerted efforts are being made to recruit staff, which should alleviate the problem.

6

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

Policies on reserves.

The policy is to ensure that the charity has sufficient free and available funds to meet at least 6 months of annual budgeted expenditure. In addition the Trustee considers it is prudent to provide for a further 3 months for efficient running of the Home. At 31 December 2024, this figure is estimated at £300,000.

Availability and adequacy of assets of each of the funds

The trustee is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Employment of disabled persons

The Home makes a special effort to find employment for disabled people.

Plans For the Future

The Home is a lasting testimony to those who established it in 1970 and the committee are confident that it is in a strong position going forward to continue to provide the levels of care that have made it one of the outstanding care Homes in the area. There are no immediate plans to increase the number of available beds, as is felt that the current level of 28 is the optimum number to fully utilise the current capacity of care and service.

In order to put the management of the Home in a more secure position, it was decided to incorporate a new company, limited by guarantee, to take over the running of the Home. This company, Glyn Nest Baptist Home, was incorporated on 29th July 2025, with a view to it being in a position to assume full operational control of the Home by 1st January 2026. This is partly reliant on the company being registered as a charity. An application to register

the company with the Charity Commission has been submitted and is currently in progress. The directors of this company are:

Mrs. Bronwen Letitia Davies, Mr. Glyndwr S. Prideaux, The Revd Irfon Caradog Roberts, The Revd Judith A. Morris, Dr. Caroline Margaret Jean Williams, Mrs Mary Elizabeth Roberts, Mrs. Julie Thorpe, Mr. William Dyfrig Davies, Mrs Marian Irene Phillips, Mr. Islwyn Davies Evans and Professor Emeritus Iwan R. Davies.

The Company Secretary is Mrs. Bronwen Letitia Davies.

Details of The Auditor

Kara Williams BSc BFP FCA Ellis Lloyd Jones Audit Limited Chartered accountants and statutory auditors 11 Park Square Newport NP20 4EL

7

The Glyn Nest Baptist Home

Trustee's Annual Report for the year ended 31 December 2024

Statement of Trustee's Responsibilities

The charity's trustee is responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustee determined to interpret this responsibility as requiring it to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

In particular, charity law requires the Trustee, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustee are required to :-

The Trustee is also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable it to ensure that the financial statements comply with regulations made under the Charities Act 2011. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

28/10/2025 This report was approved on behalf of the trustee on

Judith Morris

Judith Morris (Oct 28, 2025 16:27:12 GMT)

Irfon C Roberts (Oct 28, 2025 16:26:05 GMT) ~~Irfon C Roberts~~

Revd. Judith A. Morris Rev. Irfon Roberts Director of The Welsh Baptist Director of The Welsh Baptist Union Corporation Limited Union Corporation Limited

8

The Glyn Nest Baptist Home

Independent Auditors' Report to the Trustee of the charity on the accounts for the year ended 31 December 2024

Opinion

We have audited the financial statements of The Glyn Nest Baptist Home (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities, statement of financial position, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for our opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - financial statements prepared on a basis other than going concern

We draw attention to the 'Going Concern' paragraph in note 1 of the financial statements, which explains that the trustees intend to pass the assets and activities of the charity into Glyn Nest Baptist Home, a limited company in the process of being registered with the Charity Commission, on 1 January 2026 or as soon, thereafter, as they are able. The trustees do not, therefore, consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern, as described in note 1. Our opinion is not modified in this matter.

9

The Glyn Nest Baptist Home

Independent Auditors' Report to the Trustee of the charity on the accounts for the year ended 31 December 2024

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustee is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustee's report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustee

As explained more fully in the trustee's responsibilities statement, the trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustee is responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustee either intends to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

10

The Glyn Nest Baptist Home

Independent Auditors' Report to the Trustee of the charity on the accounts for the year ended 31 December 2024

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www. frc.org. uk/auditorsresponsibilities. This description forms part of our auditor's report.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charity its activities, its control environment, and likely future developments, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery and intentional misrepresentations, or through collusion.

We focussed on the laws and regulations which could result in a material misstatement in the financial statements, including but not limited to, the Charities Act 2011. As in all of our audits, we evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were misappropriation of assets and funds not being expended in line with the charity's objects. Audit procedures performed included:

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected within the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

11

The Glyn Nest Baptist Home

Independent Auditors' Report to the Trustee of the charity on the accounts for the year ended 31 December 2024

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's trustee, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustee those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustee, for our audit work, for this report, or for the opinions we have formed.

Kara Williams

Kara Williams (Oct 28, 2025 17:16:18 GMT)

Kara Williams BSc FCA (Senior Statutory Auditor)

For and on behalf of Ellis Lloyd Jones Audit Limited Chartered accountants & statutory auditor 11 Park Square Newport South Wales NP20 4EL

28/10/2025

12

The Glyn Nest Baptist Home - Statement of Financial Activities for the year ended 31 December 2024

Statement of Financial Activities for the year ended 31 December 2024

SORP
Ref
Income & Endowments
Donations & Legacies
A1
Income from charitable activities
A2
Investment income
A4
Other income
A5
Total income
A
Expenditure
Expenditure on charitable activities
B2
Total expenditure
B
Net (expenditure)/income for the year
A-B
Net income after transfers
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2024
£
38,096
1,150,607
16,008
5,561
1,210,272
1,270,435
1,270,435
(60,163)
(60,163)
(60,163)
1,706,508
1,646,345		 Current year
Total Funds
2024
£
38,096
1,150,607
16,008
5,561
1,210,272
1,270,435
1,270,435
(60,163)
(60,163)
(60,163)
1,706,508
1,646,345		 Prior Year
Total Funds
2023
£
45,035
1,106,495
13,790
1,815
1,167,135
1,160,572
1,160,572
6,563
6,563
6,563
1,699,945
1,706,508

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 17 to 26 form an integral part of these accounts.

13

The Glyn Nest Baptist Home - Resources applied in the year ended 31 December 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities		 2024
£
(60,163)
(3,944)
(64,107)		 2023
£
6,563
(4,201)
2,362

The Glyn Nest Baptist Home

Movements in revenue and capital funds for the year ended 31 December 2024

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before transfers		 Unrestricted
Total
Last year
Funds
Funds
Total Funds
2024
2024
2023
£
£
£
1,706,508
1,706,508
1,699,945
(60,163)
(60,163)
6,563
1,646,345
1,646,345
1,706,508
Unrestricted
Total
Last Year
Funfs
Funds
Total Funds
2024
2024
2023
£
£
£
1,646,345
1,646,345
1,706,508

The notes attached on pages 17 to 26 form an integral part of these accounts.

14

The Glyn Nest Baptist Home Balance Sheet as at 31 December 2023

Notes SORP
Ref 2024 2023
£ £
Fixed assets A
Tangible assets 9 A2 1,358,300 1,383,885
Current assets B
Stocks B1 4,600 4,600
Debtors 10 B2 22,437 32,842
Cash at bank and in hand B4 411,456 415,743
Creditors: amounts falling due within 438,493 453,185
one year 11 C1 (150,448) (130,562)
Net current assets 288,045 322,623
Net assets 1,646,345 1,706,508
The total net assets of the charity 1,646,345 1,706,508
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Unrestricted Revenue Funds 14 D3 1,646,345 1,706,508
Designated Funds
Total charity funds 1,646,345 1,706,508

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The trustee acknowledges its responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

Judith Morris

Judith Morris (Oct 28, 2025 16:27:12 GMT)

Revd. Judith A. Morris Director of The Welsh Baptist Union Corporation Limited Approved on behalf of the trustee on 28/10/2025

----- Start of picture text -----
Irfon C Roberts (Oct 28, 2025 16:26:05 GMT)
Irfon C Roberts
----- End of picture text -----

Rev. Irfon Roberts Director of The Welsh Baptist Union Corporation Limited

The notes attached on pages 17 to 26 form an integral part of these accounts.

15

The Glyn Nest Baptist Home

Cash Flow Statement for the year ended 31 December 2024

2024
£
Cash generated from operating activities
Net cash (used in )/provided by operating activities as
shown below
A
(16,351)
Cash flows from investing activities
Interest received
16,008
Purchase of property, plant and equipment
(3,944)
B
12,064
Net (decrease)/increase in cash in the financial year
(4,287)
Cash movement summary
Cash at bank and in hand less overdrafts at 1 January
415,743
Net (decrease)/increase in cash as above
(4,287)
Cash at bank and in hand less overdrafts at 31 December
411,456
Net (expenditure)/income as shown in the Statement of Financial Activities
(60,163)
Adjustments for :-
Depreciation charges
29,529
Dividends, interest and rents from investments
(16,008)
Decrease/(increase) in debtors
10,405
Increase in creditors, excluding loans
19,886
Net cash (used in )/provided by operating activities
(16,351)
Analysis of cash at bank and in hand less overdrafts
2024
£
Cash at bank and in hand at for the year ended 31 December 2024
411,456
Total of cash at bank and overdrafts as above
411,456
A+B
Reconciliation of net (expenditure)/income to net cash flow from operating activities		 2023
£
51,804
13,790
(4,201)
9,589
61,393
354,350
61,393
415,743
6,563
51,099
(13,790)
(9,728)
17,660
51,804
2023
£
415,743
415,743

16

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts (financial statements) have been prepared on the accruals basis, under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and the UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)issued in October 2019 rather than the Accounting and Reporting by Charities:Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The presentational currency of the charity is pound sterling and the balances are rounded to the nearest pound.

The charity is a public benefit entity.

Going Concern

In order to put the management of the Home in a more secure position, it was decided to incorporate a new company, limited by guarantee, to take over the running of the Home. The company, Glyn Nest Baptist Home, was incorporated on 29 July 2025. An application to register the company with the Charity Commission has been submitted and is currently in progress.

As long as registration with the Charity Commission is completed by 1 January 2026, the charitable company should be in a position to assume full operational control of the Home by that date. The trustees intend to pass the assets and activities of the charity into Glyn Nest Baptist Home and to close the charity after that date. The trustees do not, therefore, consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Policies relating to categories of income and income recognition.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Interest is accounted for on a receipts basis.

Residential fee income is accounted for on a receivable basis.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

17

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2024

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Staffing - on the basis of time spent in connection with any particular activity.

Staffing - on a per capita basis, based on the number of of people employed within any partiular activity.

Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. Depreciation has not been provided on freehold land and buildings, as in the opinion of the trustee, the residual value is greater than the cost.

Land and buildings 2% straight line Motor vehicles 25% reducing balance Plant and machinery 15% reducing balance

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Workplace Pension

The company operates a defined contribution workplace pension. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

18

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2024

2 Liability to taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net (deficit)/surplus before tax in the financial year

Depreciation of owned fixed assets
Pension costs
Auditors' remuneration
Staff costs and emoluments
Salary costs
Gross Salaries
Employer's National Insurance
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was
The estimated equivalent number of full time staff deployed in different activities in the year was
Residential care
Catering
Laundry and domestic
Maintenance
Management and administration
The estimated full time equivalent number of all staff employed as above
The net (deficit)/surplus before tax in the financial year is stated after charging:-
Employer's operating costs of workplace pension		 2024
£
29,529
12,548
11,818
2024
£
716,853
53,574
12,548
782,975
2024
34
11
23
29
:-
13
6
4
1
5
29		 2023
£
51,099
12,514
9,200
2023
£
709,988
50,429
12,514
772,931
2023
34
11
23
29
13
6
4
1
5
29

5 Staff costs and emoluments

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

19

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2024

6 Workplace pension

The charity operates a workplace pension scheme, the costs of which are shown above.

7 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

8 Trustee's expenses

The expenses reimbursed to directors of the Welsh Baptist Union Corporation Limited or the Glyn Nest Trustee Company Limited, or paid directly to third parties, in the current or prior year, was as shown below.

2024 2023
£ £
The amount reimbursed to committee members 352 1,458

The nature of the above expenses was travelling expenses and the number of committee members who were reimbursed was 1.

9 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Land and
Buildings
£
1,217,410
-
1,217,410
-
-
-
1,217,410
1,217,410		 Plant &
Machinery
£
651,832
3,944
655,776
490,523
28,237
518,760
137,016
161,309		 Motor
Vehicles
£
12,500
-
12,500
7,334
1,292
8,626
3,874
5,166		 Total
£
1,881,742
3,944
1,885,686
497,857
29,529
527,386
1,358,300
1,383,885

20

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

10
Debtors
Amounts due from residents
Prepayments and accrued income
Other debtors
11
Creditors: amounts falling due within one year
Amounts due to suppliers
Accruals
Social security and other taxes
Other creditors
12
Related party transactions
The Baptist Union of Wales
SOFA
Financial support
The Welsh Baptist Union Corporation Limited
SOFA
Administration fee
The Baptist Building Fund For Wales
Balance sheet
Creditor - loan
There are no repayment terms and the balance is not subject to interest.
Amounts owed to related undertakings		 2024
£
-
22,137
300
22,437
2024
£
45,960
31,471
55,000
14,473
3,544
150,448
2024
£
-
2,000
(55,000)		 2023
£
10,832
21,710
300
32,842
2023
£
25,241
20,978
65,000
13,755
5,588
130,562
2023
£
1,428
2,000
(65,000)

13 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 January 2024
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
funds
£
1,358,300
438,493
(150,448)
1,646,345
Unrestricted
funds
£
1,383,885
453,185
(130,562)
1,706,508		 Total
Funds
£
1,358,300
438,493
(150,448)
1,646,345
Total
Funds
£
1,383,885
453,185
(130,562)
1,706,508

21

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2024

14 Change in total funds over the year as shown in Note 13 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted revenue funds
Total unrestricted and designated funds
Total charity funds		 £
1,706,508
1,706,508
1,706,508
Funds brought
forward from
2023		 £
(60,163)
(60,163)
(60,163)
Movement in
funds in 2024		 £
-
-
-
Transfers
between funds
in 2024		 £
1,646,345
1,646,345
1,646,345
Funds carried
forward to 2025
Unrestricted and designated funds:-
Unrestricted revenue funds		 Income
2024
£
1,210,272
1,210,272		 Expenditure
2024
£
(1,270,435)
(1,270,435)		 Other
Gains &
Losses
2024
£
-
-		 Movement
in funds
2024
£
(60,163)
(60,163)

Unrestricted and designated funds:-

Unrestricted revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

22

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

This analysis is classsified by conventional nominal descriptions and not by activity.

17 Donations and Legacies

Donations and gifts from individuals
Total Donations and Legacies
A1
18 Income from charitable activities - Trading Activities
Primary purpose and ancillary trading
19
Total income from charitable trading
Total from charitable activities
A2
Total Primary purpose and ancillary trading
Residential care fees
Total donations and gifts from individuals
Rhodd Bethlehem
Small donations individually less than £1000
Total Income from charitable activities		 Current year
Unrestricted
Funds
2024
£
38,096
-
38,096
38,096
Current year
Unrestricted
Funds
2024
£
1,150,607
1,150,607
Current year
Unrestricted
Funds
£
2024
1,150,607
1,150,607		 Current year
Total Funds
2024
£
38,096
-
38,096
38,096
Current year
Total Funds
2024
£
1,150,607
1,150,607
Current year
Total Funds
£
2024
1,150,607
1,150,607		 Prior Year
Total Funds
2023
£
25,576
19,459
45,035
45,035
Prior Year
Total Funds
2023
£
1,106,495
1,106,495
Prior Year
Total Funds
£
2023
1,106,495
1,106,495

23

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

20 Investment income

Bank Interest Receivable
Total investment income
A4
21 Other income and gains
Summary of Other income
A5
22 Expenditure on charitable activities - Direct spending
Total other income
Sundry other income		 Current year
Unrestricted
Funds
2024
£
16,008
16,008
Current year
Unrestricted
Funds
2024
£
5,561
5,561		 Current year
Total Funds
2024
£
16,008
16,008
Current year
Total Funds
2024
£
-
5,561
5,561		 Prior Year
Total Funds
2023
£
13,790
13,790
Prior Year
Total Funds
2023
£
1,815
1,815
Total direct spending
B2a
Insurance
Telephone
Heating and lighting
Household and medical expenses
Sundries
Rates and water
Food and cleaning
Employers' NI - Charitable activities
Defined contribution pension costs - charitable activities
Travelling and motor expenses
Agency staff - Charitable Activities
Repairs and renewals
Gross wages and salaries - charitable activities		 Current year
Unrestricted
Funds
2024
£
716,853
53,574
12,548
169,668
2,986
7,739
3,154
55,436
30,076
37,604
-
11,473
47,365
1,148,476		 Current year
Total Funds
2024
£
716,853
53,574
12,548
169,668
2,986
7,739
3,154
55,436
30,076
37,604
-
11,473
47,365
1,148,476		 Prior Year
Total Funds
2023
£
709,988
50,429
12,514
68,946
2,602
9,882
2,367
53,361
19,676
37,933
191
10,310
49,967
1,028,166

24

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

23 Support costs for charitable activities

Current year
Current year
Unrestricted
Funds
Total Funds
2024
2024
£
£
Employee costs not included in direct costs
9,725
9,725
-
-
Premises Expenses
860
860
3,342
3,342
5,263
5,263
1,275
1,275
Administrative overheads
350
350
124
124
3,170
3,170
5,047
5,047
22,733
22,733
2,000
2,000
-
-
Professional fees paid to advisors other than the auditor or examiner
14,474
14,474
Financial costs
533
533
29,529
29,529
Support costs before reallocation
98,425
98,425
Total support costs
98,425
98,425
The basis of allocation of costs between activities is described under accounting policies
Recruitment expenses
Light heat and power
Stationery and printing
Telephone, fax and internet
Software licences and expenses
Bank charges
Depreciation & Amortisation in total for the period
Rates and water charges
Property insurance
Premises repairs, renewals and
Training and welfare - staff
Postage
Sundry expenses
Admin fees
BUW - financial support
Other legal and professional		 Prior Year
Total Funds
2023
£
9,368
34
1,098
2,186
5,370
1,146
263
511
3,433
2,740
16,226
2,000
1,428
14,981
757
51,099
112,640
112,640

25

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2024

24 Other Expenditure - Governance costs

Auditor's fees
Trustee's expenses
Total Governance costs
25 Total Charitable expenditure
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
Accountancy charges		 Current year
Unrestricted
Funds
2024
£
11,818
352
11,364
23,534
Current year
Unrestricted
Funds
2024
£
1,148,476
98,425
23,534
1,270,435		 Current year
Total Funds
2024
£
11,818
352
11,364
23,534
Current year
Total Funds
2024
£
1,148,476
98,425
23,534
1,270,435		 Prior Year
Total Funds
2023
£
9,200
1,458
9,108
19,766
Prior Year
Total Funds
2023
£
1,028,166
112,640
19,766
1,160,572

26