The Friends of Salem
Report of the trustees for the period ended 31 March 2024
The trustees present their first report and financial statements for the year ended 31 March
2024.
Reference and administrative information
Charity name:
The Friends of Salem
Charity registration number:
1160570
Registered and Operational office:
Salem Chapel Vestry
Coychurch Road
Pencoed
Bridgend
CF35 SLY
Contact:
pencoedtownclerk@gmail.com
Bankers:
Natwest
Insurers:
Congregational and General
Trustees during the year ended 31 March 2024
Chair
Secretary
Assistant Secretary
Treasurer
Jim Hancock OBE
Geraint Thomas
Eluned Williams
Kathryn Morris
Myrtle Bradshaw
Richard Williams

Trustees, report
Our aims and objectives
Our charitvs purposes as set out in the objects contained in the constitution dated January 2015
are for the preservation, repair, maintenance and improvement of Salem Chapel for the benefit
of the inhabitants of Pencoed a5 a community centre and as a place of worship. Also, to associate
the residents with the local authorities, voluntary and other organisations in a common effort to
advance education and to provide facilities in the interests of social welfare for recreation and
leisure time occupation with the objective of improving the conditions of life for the residents.
Ensuring our work delivers our aims
The Friends of Salem negotiated a 25-year lease with the Presbyterian Church of Wales who own
Salem Chapel and therefore, the Friends have become responsible for the maintenance of the
buildings. The Friends actively promote the buildings as a centre for community use and make
them available for hire by various organisations for events.
Achievements and future developments
Financial Review
The charity was registered on 20 February 2015.
In the year to 31 March 2024 rent and hiring fees of £7,627 (2022/23 £7,0501 were received
from a variety of organisations for the use of the chapel, vestry and other attached buildings.
During the year, payments were made for maintenance, insurance, electricity, cleaning and
heating. Included in the cost of maintenance is expenditure for replacing the heating oil tank.
Pencoed Town Council operates under a sub-lease granted by The Friends of Salem for use of
the vestry as an office.
The total Net Assets of the Trust on 31 March 2024 are £17,255 {31 March 2023 - £15.625).

Trustees. responsibilitles in relation to the financial statements
Trustees are required to prepare financial statements that give a true and fair view of the state
of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial
period. In doing so the trustees are required to:
select suitable accounting policies and then apply them consistently;
make sound judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is appropriate to
presume that the charity will not continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enables them to ensure
that the financial statements comply with the Companies Act 2006. The trustees are 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.
Under Charity Commission requirements neither an independent examination nor an audit of the
accounts is required, and an audit is not a requirement of the Trust's Governing document.
Structure, Governance and Management
Governing Document
The Friends of Salem is a Charitable Incorporated Organisation governed by its Constitution dated
January 2015. It is a registered charity with the Charity Commission. The trustees have no liability
to contribute to its assets and no personal responsibility for settling its debts and liabilities in the
event of the charitvs winding up.
Appointment of trustees
The board of trustees, which can have up to twelve member5, must have at least three members.
Trustee training
New trustees are briefed on their legal obligations under charity and company law and all
trustees are encouraged to seek training that would contribute to their work.
On behalf of the Trustees
G Thomas
Secretary
The Friends of Salem
Date
22 November 2024

Statement of Financial Activities (including Income and expenditure account)
for the year ended 31 March 2024
Year ended
31 March 2024
Period ended
31 March 2023
Incoming resources
Incoming resources from generated funds:
Voluntory income..
Donations
Activities for generating funds:
Rent and hiring fees
60
Total incomlng resources
Resources expended
Property costs
Repairs and maintenance
Insurance
Cleaning
Heating
Electricity
Sundry
Bank charges
1,935
1,548
975
582
935
4,422
1,382
480
529
173
30
21
22
Total resources expended
Net incoming resources
73

The Friends of Salem
Balance Sheet at 31 March 2024
2024
2023
Note
Current Assets
Cash at bank and in hand
Net Assets
17.255
15,625
Unrestricted funds
General Fund
Totsl Funds
17,255
15,625
The trustees have not required the charity to obtain an audit in accordance with section 476 of
the Companies Act 2006.
The trustees acknowledge their responsibility for complying with the requirements of the Act
with respect to accounting records and for the preparation of accounts.
The financial statements were approved by the Board of Trustees on 22 November 2024 and
were signed on their behalf by:
K.6 Mc5trLis
J Hancock
Chair
K Morris
Treasurer
The notes on page 6 form part of these financial statements.

Notes to the accounts
l. Accounting Policles
Basls of preparation
The financial statements have been prepared under the historic cost convention and in
accordance with the Statement of Recommended Practice- Accounting and Reporting by
Charities, applicable UK Accounting Standards and the Companies Act 2006. The principal
accounting policies adopted in the preparation of the financial statements are set out below.
Incoming resources
Voluntary income including rent, donations, gifts and grants that provide core funding are
recognised where there is entitlement, certainty of receipt and the amount can be measured
with sufficient reliability. Income from activities for generating funds is recognised as earned.
Investment income is recognised on a receivable basis.
Resources expended
Expenditure 15 recognised when a liability is incurred.
Legal status of the Trust
The Trust is a charitable incorporated organisation and has no share capital.
Movement in Funds
2024
2023
Unrestricted
15,625
7,627
Unrestricted
15,552
7,110
At 01 April 2023
Incoming resources
Outgoing resources
At 31 March 2024
Payments to Trustees and Connected Persons
No Trustee or person with a family or business connection with a Trustee, received
remuneration in the year, directly or indirectly, from the Charity.

The Friends of Salem
Report of the trustees for the period ended 31 March 2024
The trustees present their first report and financial statements for the year ended 31 March
2024.
Reference and administrative information
Charity name:
The Friends of Salem
Charity registration number:
1160570
Registered and Operational office:
Salem Chapel Vestry
Coychurch Road
Pencoed
Bridgend
CF35 SLY
Contact:
pencoedtownclerk@gmail.com
Bankers:
Natwest
Insurers:
Congregational and General
Trustees during the year ended 31 March 2024
Chair
Secretary
Assistant Secretary
Treasurer
Jim Hancock OBE
Geraint Thomas
Eluned Williams
Kathryn Morris
Myrtle Bradshaw
Richard Williams

Trustees, report
Our aims and objectives
Our charitvs purposes as set out in the objects contained in the constitution dated January 2015
are for the preservation, repair, maintenance and improvement of Salem Chapel for the benefit
of the inhabitants of Pencoed a5 a community centre and as a place of worship. Also, to associate
the residents with the local authorities, voluntary and other organisations in a common effort to
advance education and to provide facilities in the interests of social welfare for recreation and
leisure time occupation with the objective of improving the conditions of life for the residents.
Ensuring our work delivers our aims
The Friends of Salem negotiated a 25-year lease with the Presbyterian Church of Wales who own
Salem Chapel and therefore, the Friends have become responsible for the maintenance of the
buildings. The Friends actively promote the buildings as a centre for community use and make
them available for hire by various organisations for events.
Achievements and future developments
Financial Review
The charity was registered on 20 February 2015.
In the year to 31 March 2024 rent and hiring fees of £7,627 (2022/23 £7,0501 were received
from a variety of organisations for the use of the chapel, vestry and other attached buildings.
During the year, payments were made for maintenance, insurance, electricity, cleaning and
heating. Included in the cost of maintenance is expenditure for replacing the heating oil tank.
Pencoed Town Council operates under a sub-lease granted by The Friends of Salem for use of
the vestry as an office.
The total Net Assets of the Trust on 31 March 2024 are £17,255 {31 March 2023 - £15.625).

Trustees. responsibilitles in relation to the financial statements
Trustees are required to prepare financial statements that give a true and fair view of the state
of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial
period. In doing so the trustees are required to:
select suitable accounting policies and then apply them consistently;
make sound judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is appropriate to
presume that the charity will not continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enables them to ensure
that the financial statements comply with the Companies Act 2006. The trustees are 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.
Under Charity Commission requirements neither an independent examination nor an audit of the
accounts is required, and an audit is not a requirement of the Trust's Governing document.
Structure, Governance and Management
Governing Document
The Friends of Salem is a Charitable Incorporated Organisation governed by its Constitution dated
January 2015. It is a registered charity with the Charity Commission. The trustees have no liability
to contribute to its assets and no personal responsibility for settling its debts and liabilities in the
event of the charitvs winding up.
Appointment of trustees
The board of trustees, which can have up to twelve member5, must have at least three members.
Trustee training
New trustees are briefed on their legal obligations under charity and company law and all
trustees are encouraged to seek training that would contribute to their work.
On behalf of the Trustees
G Thomas
Secretary
The Friends of Salem
Date
22 November 2024

Statement of Financial Activities (including Income and expenditure account)
for the year ended 31 March 2024
Year ended
31 March 2024
Period ended
31 March 2023
Incoming resources
Incoming resources from generated funds:
Voluntory income..
Donations
Activities for generating funds:
Rent and hiring fees
60
Total incomlng resources
Resources expended
Property costs
Repairs and maintenance
Insurance
Cleaning
Heating
Electricity
Sundry
Bank charges
1,935
1,548
975
582
935
4,422
1,382
480
529
173
30
21
22
Total resources expended
Net incoming resources
73

The Friends of Salem
Balance Sheet at 31 March 2024
2024
2023
Note
Current Assets
Cash at bank and in hand
Net Assets
17.255
15,625
Unrestricted funds
General Fund
Totsl Funds
17,255
15,625
The trustees have not required the charity to obtain an audit in accordance with section 476 of
the Companies Act 2006.
The trustees acknowledge their responsibility for complying with the requirements of the Act
with respect to accounting records and for the preparation of accounts.
The financial statements were approved by the Board of Trustees on 22 November 2024 and
were signed on their behalf by:
K.6 Mc5trLis
J Hancock
Chair
K Morris
Treasurer
The notes on page 6 form part of these financial statements.

Notes to the accounts
l. Accounting Policles
Basls of preparation
The financial statements have been prepared under the historic cost convention and in
accordance with the Statement of Recommended Practice- Accounting and Reporting by
Charities, applicable UK Accounting Standards and the Companies Act 2006. The principal
accounting policies adopted in the preparation of the financial statements are set out below.
Incoming resources
Voluntary income including rent, donations, gifts and grants that provide core funding are
recognised where there is entitlement, certainty of receipt and the amount can be measured
with sufficient reliability. Income from activities for generating funds is recognised as earned.
Investment income is recognised on a receivable basis.
Resources expended
Expenditure 15 recognised when a liability is incurred.
Legal status of the Trust
The Trust is a charitable incorporated organisation and has no share capital.
Movement in Funds
2024
2023
Unrestricted
15,625
7,627
Unrestricted
15,552
7,110
At 01 April 2023
Incoming resources
Outgoing resources
At 31 March 2024
Payments to Trustees and Connected Persons
No Trustee or person with a family or business connection with a Trustee, received
remuneration in the year, directly or indirectly, from the Charity.