REGISTERED CHARITY NUMBER: 1160857 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR EBENEZER EVANGELICAL CHURCH BANGOR
EBENEZKR EVANGELICAL CHURCH BANGOR CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent ExamlDer's Report Statement of Financfial Actlvltles Balance Sheet Notes to the Financial Statements
EBENEZER EVANGELICAL CHURCH BANGOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ¢nd¢d 31 D¢c¢mb¢r 2024. The trustees have adopted the provisions of A¢¢ounling and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance WAth the Financial Reporting Stsndard appIlbI¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The airn of the Church is the advanc¢menl of the Cbristian faith by glorifying God and to exalt the Lord Jesus Christ, who is th¢ Head of the Church wbich is His Body. Public benefit The Trustees confirm that they hav¢ f¢rr¢d to the guidance contained in the Charity Collllnission's general guidance on publi¢ bcncfit when reviewing the Chariws aims and objectives and in plalllliug futur¢ a¢tiviti¢s. Af.HIF.VW.MF.Kr ANII PF.RFnRMANf.V. Charitable activities Ebcnczer Evangelical Church continues to develop its central purpose for the advanrxm¢nt of th¢ Christian faith tbrough its range of activities. EbenezeT Evangeli¢al Church advan¢¢s th¢ Christian faith by engaging with its congregation and the wider community. Our volunteers To ¢nable the Church to undertake its charitable activiti¢s it relies heavily on voluntary help from church members and regular adherents. The Church wishes to thank its many volunteers for th¢ir d¢di¢at¢d support and servic¢. FINANCIAL REVIEW Financial Revlew The Stal¢m¢nt of Financial Activities for tbe Unrestricted fvnds for the year ended 31 D¢¢¢mb¢r 2024 shows th¢r¢ w&s a surplus of incom¢ ov¢r ¢xp¢nditur¢ amounting to £19,921 (2023- sury)lus of expenditure ov¢r in¢om¢ of £8.321). At 31 December 2024 unrestricted reserves stood at £73.384 (2023 £53,463) Printlpal fundlng sources Funds are primarily generated by the voluntary giving of members and adh¢r¢nts. This is achieved by bank transfers. a freewill offering box localed at the back of the main hall or cheques passed to the Treasurer. Some of thes¢ donations are eligible for Gift Aid to be claimed. Occasional gifts (restricted or otherwise) are received from those with a current or historical connection with the church. Oc¢asionally, legacies are also received into charity fiwds. Trust¢es. however. will not seek to generate revenue through CTowdfunding. gambling or througb deception. Trust¢¢s reserve the right to raise capital from lrnsted bodi¢s (such as banks or trust funds) on the proviso that the charity's Statement of faith. governance or practice is not compromis¢d. Investment po]iey and objectives TSte¢S will ensure the safe, prudent and consenrytive investment of church funds. The ¢harity'S eihical criteria requires exclusion from the portfolio of companies njorillg in gambling, alcohol or tobacco. Reserves polfcy The reserves policy enables Ebenezer Evangelical Church to fvlfil its main aims and objectives as a charity. Trustees therefore deem il to b¢ prud¢nt to maintain the charity reserves at a level representing 6 months of expenditure. Such reserv¢s will be unrestricted funds, not committed or inv¢st¢d in tangible fixed assets. At this level, Trustees deem it possible for the charity to continue with its activities in the evenl of a sudden drop in funding. Page I
EBENEZER EVANGELICAL CHURCH BANGOR REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2024 FThANCIAL REVIEW Going concern The TSte¢S are of the view that there are no material uncertainties and therefore the Clwity is a going concern. FUTURE PLANS Over the next year, th¢ Church is Committed to continuing seryices in order to meet its charitable objectives. STRUCTURE, GOVERNANCE AND MANAGEMEI¥4T Governing document The charity is controlled by its 8ov¢rning do¢um¢nt. a deed of trust and constitutes an unincoryorat¢d charity. Recruitment and appointment of new trustees Trust¢¢s must be filll members of the Church. They are elected by church nrnbers. Risk management The trustees have a duty to identify and review the risks to which th¢ clwity is ¢xposed and to ensure appropriat¢ controls are Ati place to provide reasonabl¢ assuranc¢ against fraud and error. REFERENCE AND ADMINISTrATIVE DETAILS Registered Charity number 1160857 PrAnelpal address St. Paul's Terrac¢ Bangor Gwynedd LL57 ILB Trustees Mr W Th0nS Mr J E Price-Gough Mr J P Earn¢st Mr M P Walters Dr A Reynolds Dr D Joyner (resigned 30.4.24) Independent Examiner Owain Ap Elfed FCCA Williams Denton Cyf Chart¢r¢d Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE Approved by order of th¢ board of In*¢8 on ...... . and sigmed on its behalf by. MrMP Iters - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EBENEZER EVANGELICAL CHURCH BANGOR Independent eXanner'S report to the trustees of Ebenezer Evangelical Church Bangor I report to th¢ charity trustees on my exan)ination of the accounts of Eb¢n¢r Evangelical ChuTch Bangor (the Trust) for th¢ year ended 31 December 2024. Responsibilities and basls of report As th¢ charity trustees of the Trust you are responsibl¢ for th¢ preparation of the accounts in accordance with the r¢quirements of the Charities Act 2011 (Yhe Act?. I report in reSpt of my examination of the Trust's accounts carried out und¢r S¢ction 145 of the Act and in carying out my ¢xamination I have followed all applicable Directions given by the Charity Commission under S¢ction 145(5){b} of the Act. Independellt examiner's statement I have completed my exarnination. I CDnfm that no material matters havc com¢ to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records w¢r¢ not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not cornply with th¢ applicable requirements concerning the form and content of accounts set out in th¢ Charities (Accounts and R¢ports) Regulations 2008 other than any requirement that the accounts give a true atld fair view which is not a matter consAdered as part of an ind¢p¢ndent exarnination. I have no conc¢rns and have come across no other matt¢rs in connection with tILC examination to which attention should b¢ drawn in this report in order to enable a proper understanding of the accounts to b¢ reached. Owain Ap Elfed FCCA Williams Denton Cyf Chartered Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE Dat¢: ....... Ic'zs. Page 3
EBENEZER EVANGELICAL CHURCH BANGOR STATEMEI¥4T OF FINANCIAL ACTIVITIES FOR THE YEAR EI¥4DED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricled fimd Restricted fund Not¢s INCOME AND EI4DOWMENTS FROM Donations and legacies 97,547 97,547 96,800 lllvestment income 376 376 297 Tot 97,923 97,923 97,097 XPEM)ITURE ON Charfitable aetivities Advancement of Christian Faith 7&002 7&002 104,958 Other 460 Total 78,0112 78,002 105,418 NET INCOME/(EXPENDTTURE) 19,921 19,921 (8,321) RECONCILIATION OF FUNDS Total fimds brought forward 53,463 53,463 61,784 TOTAL FUNDS CARRIED FORWARD 73,384 73,384 53,463 The notes forn) part of these fllwicial ststements Page 4
EBENEZER EVANGELICAL CHURCH BANGOR BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total fimds Unrestricted fund Restricted fund Notes CURRENT ASSETS Debtors Cash at bank 12 7,213 69,241 7,213 69,241 5,083 53,983 76,454 76,454 59,066 CREDITORS Amounts falling due within on¢ y¢ar 13 (3,070) (3,070) (5,603) NET CURRENT ASSETS 73,384 73J84 53,463 TOTAL ASSETS LESS CURRENT LIABILITIES 73J84 73,384 53.463 NET ASSETS 73,384 73,384 53.463 FUNDS Unrestricted fimds 14 73,384 53,463 TOTAL FUNDS 73,384 53,463 The financial statements were approved by th¢ Board of Trustees and authorised for issue . and were signed on its behalf by: on Mr J E Price-Gou rust¢¢ The notes forni part of these financial statements Page 5
EBENEZER EVANGELICAL CHURCH BANGOR NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have be¢n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Clwities: Ststement of Recommended Practice applicabl¢ to charities preparing ihcir accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) (effective l January 2019),. Financial R¢porting Standard 102 'Thc Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Cbarities Act 2011. The financial statements have been prepared under the historical cost conventio Incon All income is recognised in the Stat¢meT]t of Financial Activitics once the charity has entitlement to the funds, it is probable that th¢ income will b¢ r¢c¢iv¢d and thc amount can be measured reh'ably. Expenditur¢ Liabiliti¢s are recognised as eXpdire as soon as there is a legal or constructive obligation cornmitting the charity to that expenditure, it is probable that a transfer of economi¢ benefits will be required in SettIenllt and the amount of tl)e obligation can be measured reliably. Exp¢ndiMre is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot b¢ dxrectly attributed to particular headings they have been allocated to activities on a basis consistent with the usc of resources. Governance costs Governance costs are thos¢ incurred in ¢otJnection with the administration of the charity and compliance with constitutional and statutory requIrenntS. TaDglble fixed asset$ Depreciation is provlded at th¢ following annual rates in order to ll1te off each asset over its estimat¢d usefthl life. Computer Equipment- 33.330/0 on cost Taxation The charity ts exempt from tax on its charitable activities. Cash at bank and in hand Cash at bank and in hand includes cash and thort terni highly liquid investrnents with a short nmtiwity of twelve months OT less from th¢ date of acquisition or opcning of the deposit or similar accounL Fund accounting unrestrict thnds can be used in aordanCe with the ¢haritabl¢ objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted puLToses wiihin the objects of the charity. Restrictions arise wh¢n specified by the donor or when funds are rai5¢d for particular restricted purposes. Further explanation of the nature and punyose of each fund is included in the notes to th¢ financial statem¢nts. Page 6 continued...
EBENEZER EVANGELICAL CHURCH BANGOR NOTES TO THE FINANCIAL STATEMENTS- eontfinued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Offering box donations Donations Gift aid donations tn¢ome tax repaid 3,162 16,286 58,204 19,895 2,699 23,905 56.247 13,949 97,547 96,800 INVESTMENT INCOME 2024 2023 D¢posit account interest 376 297 CHARITABLE ACTIVITIES COSTS Direct Costs (s¢¢ note 5) Support costs (see note 6) Totals AdvanM¢nI of Christian Faith 75,696 2,306 78,002 DIRECT COSTS OF CHARrrABLE ACTIVITIES 2024 2023 Ministy Mission Church life Church running costs General expenses 50,223 8,145 6,162 10.319 847 56,115 9,040 5.792 31,541 791 75,696 103,279 SUPPORT COSTS Governance costs Advancement of Christian Faith 2J06 Page 7 ontinu¢d...
EBENEZER EVANGELICAL CHURCH BANGOR NOTES TO THE FINANCIAL STATEMENTS - eontlnlled FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMtNERS' REMUNERATION 2024 2023 Independent examination Other services 1,284 1.022 1,224 455 TRUSTEES, REMUNERA TION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ¢Dded 31 December 2022. Trustees, expenses Trnstees, expenses werc £43.20 for the year ended 31 Decemb¢r 2024 (£NIL in the year ended 31 December 2023). STAFF COSTS 31.12.24 31.12.23 Salarics and Pension 47,999 50,124 47,999 50,124 The average number of ¢mploye¢s during the year was: No employee received remuneration of more than £60,000. io. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fijnd Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legaeies 96.800 96.800 Investment incom¢ 297 297 Total 97,097 97,097 EXPENDITURE ON Charitable activitles Advancement of Christian Faith 104.958 104,958 Other 460 460 Total 105,418 105,418 IYET INCOMEI(EXPEIYDITURE) (8,321) (8,321) Page 8 continued...
EBENEZER EVANGELICAL CHURCH BANGOR NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 io. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - ¢ontinued Unrestricted Restricted nd fimd Total funds RECONCILIATION OF FUNDS Total fidS brought forward 61,784 61,784 TOTAL FUNDS CARRIED FORWARD 53,463 53,463 11. TALYGIBLE FIXED ASSETS Computer equipment COST At l January 2024 and 31 December 2024 lJ79 DEPRECIATION At l January 2024 and 31 December 2024 la79 NET BOOK VALUE At 31 December 2024 At 31 December 2023 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other dcbtors 7,213 5,OS3 13. CREDITORS: AMOUNTS FAILING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Other CT¢ditors 1,786 1,284 4,379 1,224 3,070 5,603 Page 9 continu¢d..
EBENEZER EVANGELICAL CHURCH BANGOR NOTES TO THE FINANCIAL STATEMENTS - contfinued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS Net mov¢m¢nt in ndS At 31.12.24 At l.1,24 Unre5tri¢ted funds General fimd 53,463 19,921 73J84 TOTAL FUNDS 53,463 19,921 73 J84 Net mov¢m¢nt in funds, included in the above are as follows: Incoming resources Resources expended Mov¢nJent in fijnds Unrestrlcted funds General fimd 97,923 (78,002) 19921 TOTAL FUNDS 97,923 (78,002) 19,921 comparativ for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 61,784 (8,321) 53,463 TOTAL FUNDS 61,784 (8,321) 53,463 Comparative net movement in funds, included in the above are as follows: Incoming r¢sour¢¢s Resources expcndcd Movem¢nt in funds Unrestrficted funds Gencral fund 97,097 (I05,418} (8,321) TOTAL FUNDS 97,097 {105,418) (8,321} Pag¢ 10 continued...
EBENEZER EVANGELICAL CHURCH BAIYGOR NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 31 DECEMBER 2024 15. RELATED PARTY DISCLOSURES The charity has considered the disclosure r¢quir¢mcnts of th¢ Charities SORP (FRS102) and b¢li¢v¢s that th¢ following r¢lat¢d party transactions. all of which were made on an arnj's length basis, require disclosuTe. Trustees Transactions During th¢ y¢ar'. One trustee received a total of £590 for preaching (2023: £720). There were no outstanding amounts as at 31 December 2024 as all amounts have been Settled. There are no other transactions which reqvire disclosure. Pagell