CHARif( REGISTRATION NUMBER: 1161640 Liberty Church Charitable Incorporated Organisation Unaudited Financial Statements 31 March 2025 WALTER HUNTER & CO LIMITED Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF
Liberty Church Charitable Incorporated Organisation Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Liberty Church Charitable Incorporated Organisation Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Roference and adminlstratlve detsils Registered charity name Charty reglstration number Liberty Church charitab Incorporated Organisation 1161640 Principal offlce Gr Christian Centre Gaer Park Drive Newport NP20 3NN The trustees MrA D Burton Mr C Griffin Mr G J Sheppard Mr G De Villiers Independent examiner Mr Jonathan Rhodes Bsc BFP FCA 24 Bridge Street Newport South Wales NP20 4SF Structure. governance and management Liberty church commenced meeting as an association in November 2014 and was granted charity status on 12th May 2015. The minister was employed on February 2015 and his assistant on 1st August 2015. The trustee board of manages the organisation. The day to day work is carried out by the minisler and his team. They meet regularly and, inter alia. have discussed and reviewed risks that are significant to the charty. Public Benefit The trustees confirm that they have referred to the guidan contained in the Charty Commissions general guidance on public benefit when reviewing the chariVs aims and objectives and in planning future activities.
Liberty Church Charitable Incorporated Organlsation Trustees. Annual Report (contlnuedj Year ended 31 March 2025 Objectives and activities The main gatherings continued to be held on Sunday momings at Llanwem High Sch¢)ol from April 2024. Risca Gospel Plant - We moved from bi- w&kly to vfftkly with consistent Sunday evening gathering with an average attendance of 30. Mid week gatherings were held in homes throughout the year- Liberty Groups. Liberty Kids - The Children's provision is held at the same tin as the main service, and a crèche facility is also available for the younger one. This again was during our Sunday gatherings as stated above. Liberty Youth - We continued with our Youth Program on a Friday night. Gaer Building - We continued to n0vate the asset with general painting of the facility. We also launched 'The Coffee House" which is open to the public 4 days a week. We employed a manager and part tirne person for The Coffee House.
Liberty Church Charitable Incorporated Organisation Trustees, Annual Report (conllnuedj Year ended 31 March 2025 Achievements and perforniance Our media team continued with online materials in the areas of online church services, children work and community engagement. We hosted as part of Genesis Collective the first Global gathering with 320 attendees in Albania from 22 nations. We held a Libety Kids, Summer Program in August 2024 reaching 80 children. We continued relationships with 4 I(al primary schools (Gaer, Maesglas. St Andrews and Ty-sign, Risca) stsrting assemblies. classroom sessions as well as practrcal help in the schools, reaching 1800 children. Food Cr>op: We continued to work witri families and provide the services of the food pantry to the local aa working with 411tr families. Support for Care for Family. Missional Links Wales. Cefnogi and Nepal continued. Globally continued with partnership work with Genesis Collective into the nations of Nepal, Sri Lanka, India, Pakistan. This was through financial aid, support for local leaders. Nepal - we continued with work into the orphanages and building of Libety church Nepal. The building was now being used for extensive communty work and a further churches have been established in the Nepalgunj region. We had visits from church leaders from United Arab Emirates, South Africa, Ghana, Brazil. We made visits to the Untted Arab Emirates. USA. Nepal. Lisbon. and Cyprus to connect wtth churches within Genesis Collective and build relationships. Mission Week The second Mission week in Newport working in partnership with Christchurch. Louisiana and Missional Links Wales was held. This Involved schools work, helping local families, community clean-up, big meal gatherings. Approximately 90 people volunteered for this time and we engaged with over 1800 children, young people and adults. We celebrated ten years as Libety Church. We received a grant from GAVO for the Fwd Coop. We received a grant from Operations Blessing for food and FM)vety relief. We continued to recerve a monthly grant from Orphans Promise for family and schools, work
Liberty Church Charitable Incorporated Organisation Trustees. Annual Report (continued) Year ended 31 March 2025 Financial review The financial position of the chartty at 31 March 2025 and at the date of this report is considered satisfactory. The trustees consider that the charty is able to continue to operate as a going concern. We are grateful to everyone who Contributes to the church, both financially and non-financial. The trustees, annual report was approved on 28 January 2026 and signed on behalf of the board of trustees by: riffi Trustee Charty Secretary
Liberty Church Charitable Incorporated Organisation Independent Examinerfs Report to the Trustees of Liberty Church Charitable Incorporated Organisation Year ended 31 March 2025 I report to the trustees on my examination of the financk21 statements of Libety Church Charitable Incorporated Organisation ('the charity.) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the chartty you a responsible for the pparatIOn of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act'}. I report in respect of my examination of the chariVs financial slatement5 carried out under section 145 of the 2011 Act and in carrying out my exarnination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered Acwuntants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records We not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records" or the financial statements do not comply with the applicable requirements COnrning the fonm and content of accounts set OLrt in the Chartties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Jonathan Rhodes Bsc BFP FCA Independent Examiner 24 Bridge Street Newport South Wales NP20 4SF 28 January 2026
Liberty Church Charitable Incorporated Organisation Statement of Financial Activities Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Olher income 212,367 289 19,816 3,269 14,037 92,484 304,851 289 19,816 3.269 14.037 342.262 220,188 2,149 19,259 2,500 17,859 Total income 249,778 92,484 261,955 Expenditure Expenditure on charitable activtiies Total expenditure 9,10 242.366 112.069 354,435 233,579 233,579 242,366 112,069 354,435 Net (expenditureyincome 7,412 {19,585) (12.173) 28,376 Gift of Gaer Christian Centre building 17 365,01)) Transfers between funds (8,428) 8,428 Net movement in funds {1,016) (11,157) (12.173) 393,376 Reconcillation of funds Total funds brought forward Total funds carried forward 593,297 25.074 618,371 606,198 224,995 592,281 13.917 618,371 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 8 to 17 fom) part of these finan¢lal ststements.
Liberty Church Charitable Incorporated Organisation ststement of Financial Position 31 March 2025 2025 2024 Noto FFxed assets Tangible fixed assets Investments 18 19 368.367 24,500 392,867 378,239 378,239 Current assets Debtors Cash at bank and in hand 214,679 243,279 217.133 243,279 CredIto. amounts falling due within one year Net current assets 21 3.802 3,147 213.331 606.198 606,198 240,132 Total assets less current liabilities 618,371 618,371 Net assets Funds of the charity Restricted funds Unrestricted funds 13.917 592.281 606,198 25.074 593,297 Total charity funds 23 618,371 These financial statements were approved by the board of trustees and authorised for issue on 28 January 2026. and are signed on behalf of the board by.. Mr Griffin Trustee The notss on pages 8 to 17 forni part of these flnan¢lal statoments.
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements Year ended 31 March 2025 General infomiatlon The chartty is a public benefft entty and a registered charity in England and Wales and is unincorporated. The address of the principal office is Gaer Christian Centre, Gaer Park Drive, Newport, NP20 3NN. Statement of compliance These financial statements have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) {Gharities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparation The financial statements are prepared in sterling, which is the functional currency of the enttty. The financial statement5 have been prepared on the historical cost basis. Going concern There are no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charty's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal.
Liberty Church Charitable Incorporated Organisation Notes to the Financial Ststements (contlnuedj Year ended 31 March 2025 Accounting policies (¢ontlnuedJ Incoming resources All incoming reSoUrS are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entttlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliabty. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the suppty of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a paritcular purpose and retumed rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classffEd under headings of the statement of financial activities to which it relates= expendtture on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incuThed by a charity in undertaking activities that further its charitable aims for the benefft of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expendrture categories reflecting the use of the resource. Direct costs attributable to a single activity are all(Trted directly to that activity. Shared costs are apportioned beeen the activities they wntribute to on a reasonable. justifiable and consistent basis. Tanglble assets Al fed assets are inFtially recorded at cosL
Liberty Church Charitsble Incorporated Organisation Notes to the Flnancial Statements (eonbnu Year ended 31 March 2025 Accountlng pollcles (continuea) Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as follows.. Land and buildings Equipment 2% p.a. Straight Line 20% p.a. Straight Line Investments Unlisted equty investments are initially recorded at cost and subsequenlty measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impainnent. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impaimient losses. Investments in associates accounted for in accordan with the fair value model are initially recorded at the transaction price. At each reporting date. the investments are measured at fair value, with changes in fair value taken through income or expenditure. INThere tt is impracticable to measure fair value reliably the cost Me] will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. Investments in joint ventures Investments in jointly controlled entities accounted for in accordan with the cost model are recorded at cost less any accumulated impaimient losses. Investments in jointly controlled entrties accounted for in accordan with the fair value model are initially recorded at the transaction price. At each reporting date. the investments are measured at fair value, with changes in fair value taken through income or expenditure. Imiere it is impracticable to measure fair value reliably the cost mt)Jel will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profrts of the joint venture arising before or after the date of acquisttion. Impaimient of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. -10-
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements (¢onthiuqd) Year ended 31 March 2025 Accounting pollcles (eontlnuea) Deflned contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related seNice. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations Donations - Uganda Grft Aid Donations - Nepal Donations-Albania 181.528 181,528 2,204 30,839 1,055 65.596 2,204 30.839 1,055 65,596 Grants Grants GAVO Awards For All Orphans Promise Operation Blessing 829 829 14,000 8,800 14,000 8,800 304,851 212.367 92.484 Unrestricted Funds Restricted Tot81 Funds Funds 2024 Donations Donations Donations- Uganda Gift Aid Donations - Nepal Donations - Albania 150.566 150,566 8,045 27,161 8,045 27.161 Grants Grants GAVO Awards ForAII Orphans Promise Operation Blessing 76 76 4,940 19,400 10,000 4,940 19,400 10.000 177.803 42.385 220,188 11
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements (tonllnued) Year ended 31 March 2025 Charltable activities Unrestricted Total Funds Unrestrrcted Total Funds Funds 2025 Funds 2024 Liberty Youth 289 289 2.149 2,149 Other trading actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising everrts Food bank Coffee Shop 9,477 3,081 7.258 9.477 3,081 7,258 19.816 16.982 2,277 16,982 2,277 19.816 19,259 19.259 Investment incom• Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receNable 3,269 3.269 2,500 2,500 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rent Miscellaneous income 12.465 1.572 12.465 1,572 9.774 8,085 17,859 9,774 8,085 14,037 14.037 17,859 12-
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements {condnuedJ Year ended 31 March 2025 Expenditure on charitsble activlties by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Charitable Activities - Core GAVO Albania Orphans Promise Nepal Operation Blessing Uganda Awards For All Support costs 240,446 240,446 74,024 12,347 269 6.029 74,024 12,347 269 6,029 19,400 19,400 1,920 1.920 242,366 112,069 354,435 Unrestricted Funds Restricted Total Fund5 Funds 2024 Charitable Activiiies - Core GAVO Albania Orphans Promise Nepal Operation Blessing Uganda Awards For All Support costs 214,328 214,328 1.478 1.478 8.873 4,480 8,873 4,480 2,800 2,800 1,620 1,620 215,948 17.631 233,579 10. Expenditure on charitable activities by activity type Activities undertaken Grant funding directly of activities Support costs Totsl funds 2025 Total fund 2024 Charitable Activities - Core GAVO Albania Orphans Promise Nepal Operation Blessing Uganda Awards For All Governance costs 210,236 30,210 240.446 214,328 1,478 74,024 12,347 269 6.029 74.024 12.347 269 6,029 8,873 4,480 2.800 19.400 19,400 1,920 1,920 1,620 322.305 30,210 1,920 354.435 233,579 13-
Liberty Church Charitsble Incorporated Organisation Notes to the Financial Statements {¢ondnugdJ Year ended 31 March 2025 11. Anatysis of support costs Charitable activities Total 2025 Totsl 2024 Governance costs 1,920 1,920 1,620 12. Anatysis of grants 2025 2024 Grants to Institutions Grants 30.210 31,488 31,488 Total grants 30.210 13. Net (expenditureyincome Net (expenditure)lincome is stated after chargingl(credtting): 2025 2024 Depreciation of tangible fixed assets 9,872 9,243 14. Independent examination fees 2025 2024 Fees payable lo the independent examiner for." Independent examination of the financial statements 1,920 1,620 15. Staff costs The total staff costs and employee benefrts for the reporting period are anatysed as follows: 2025 2024 Wages and salaries Ernployer contributions to pension plans 111.532 106,968 799 112.572 107,767 The average head count of employees during the year was 2 (2024: 2). The average number of full-time equwalent employees during the year is analysed as follows: 2025 No. 2024 Number of staff No employee received employee beneffts of more than £60.000 during the year (2024.. Nil). 16. Trustee remuneration and expenses No remuneration or expenses or olher benefrts from employment with the charity or a related entity were received by the truslees.(2024'. nil). 14-
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements (c¢>ntlnu Year ended 31 March 2025 17. Glft of Gaer Christian centre buildlng 2025 2024 Extraordinary income 365,000 In October 2023. Libety Church were gifted the Gaer Christian Centre Building, Gaer Park Drive, Newport, NP20 3NN. At the date the gift was made, the building was valued at £365,000. 18. Tangible flxed assets Land and buildings Equipment Total Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 365.000 61,562 426.562 3.042 3,042 45,281 6,830 48,323 9,872 6.084 52,111 58.195 Carrying amount At 31 March 2025 358,916 9,451 368,367 378,239 At 31 March 2024 361,958 16,281 19. Investments Other investments Cost or valuation At I April 2024 Additions 24,$00 At 31 March 2025 24,500 lrnpairment At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 24,500 At 31 March 2024 l investments shown above are held at valuation. 20. Debtors 2025 2024 Loans -15-
Llberty Church Charitable Incorporated Organisation Notes to the Financial Ststements (conthuedj Year ended 31 March 2025 21. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Social security and other taxes Pension 1,920 1,573 309 1,620 1,527 3,802 3,147 22. Pensions and other post retirement beneffts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,040 (2024-. £799). 23. Analysis of charitable funds Unrestricted funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers Charitable Activitie5 593.297 249.778 {242.366) (8,428) 592,281 At 1 April 2023 At 31 March 2024 Income Expendtture Transfer5 Charitable Activities 224,995 584,570 (215.948) (320) 593,297 16-
Liberty Church Charitable Incorporated Organisation Notes to the Financial Statements (ntsnU Year ended 31 March 2025 23. Analysis of charftable funds (contlnueo) Restrfcted funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers Awards For All Nepal Uganda GAVO Orphans Promise Albania Operation Blessing 19.400 (19.400) (269) 1,055 2,204 829 14.000 65.596 8,800 92.484 786 3,289 4,291 2,780 1,085 3.462 1,127 (12,347) (74,024} (6,029) (112,069) 8,428 2,771 13.917 25.074 8,428 At 1 April 2023 At 31 March 2024 Income Expenditure Transfers Awards For All Nepal Uganda GAVO Orphans Promise Albania Operation Blessing 19,400 4,160 3.885 4,940 10,000 19,400 (4.480) {2,800) (1,478) (8,873) 320 1,085 3,462 1.127 42,385 (17,631) 320 25,074 24. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed asset5 Current assets Creditors less than 1 year Net assets 392,867 217,133 (3,802) 606,198 392,867 217,133 (3,802) 606,198 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 378,239 243,279 (3.147) 618,371 378,239 243,279 {3.147) 618,371 17-