Queens Road Church, Llandudno. 1171322 Queens Road Church, Llandudno A Charitable Incorporated Organisation ## Trustee Report & Financial Statements For the year ended 31 December 2021 ## **Charity No. 1171322** Page 1 of 15 Queens Road Church, Llandudno. 1171322 ## **Queens Road Church, Llandudno** Trustee Report and Financial Statements for the year ended 31 December 2021. ## **Contents** |||| |---|---|---| |||Page(s)| |Charity information||3| |Trustees’ annual report||4 - 6| |Independent examiner’s report||7| |Statement of Financial Activities||8 - 9| |Balance Sheet||10| |Notes to Financial Statements||11 - 15| Page 2 of 15 Queens Road Church, Llandudno. 1171322 ## **Charit Information y** ## **Charity Name : Queens Road Church, Llandudno Charity Number : 1171322** ## **Trustees** Paul Hadley Nicholas Richter Terry Wright Nicholas Watson Eleri Cooper ## **Charity Secretary** Paul Hadley ## **Principal Office** Queens Road Llandudno LL30 1TE ## **Registered Office** 48 Maes Gweryl Conwy LL32 8RU ## **Independent Examiner** Colin Sykes FCA 4 Craig Wen Rhos on Sea Conwy LL28 4TS Page 3 of 15 Queens Road Church, Llandudno. 1171322 ## **Trustees Report for the year ended 31 December 2021** The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and adhere to the Accounting and Reporting by Charities: Statement of Recommended Practice. ## **Objectives and Activities** The Purposes of the Church, are set out in Paragraph 3 of the constitution; _The advancement of the Christian faith in accordance with the Basis of Faith, primarily, but not exclusively, within Llandudno and the surrounding neighbourhood; and such other charitable purposes, as shall in the opinion of the charity trustees, facilitate the work of the Fellowship, provided that such purposes must be carried out in a manner consistent with the Basis of Faith. (3.1.1 & 3.1.2)_ The purposes of the church as stated above, are fulfilled in a number of ways. The Church primarily achieves these purposes through its core activities. These activities are Sunday morning worship services, mid-week meetings and small home groups that meet in a variety of locations to study scripture together and pray. Due to the Covid-19 crisis the Church had to close its doors to the public in March 2020 to comply with restrictions set down in law by the Welsh Government. The Church quickly adapted, and Sunday morning sermons were pre-recorded and uploaded weekly to the Church website. The Congregation were encouraged to watch the sermon at home and to then attend a virtual “Coffee and Chat” over Zoom each week. The midweek small groups were also replaced by a weekly Zoom bible study and prayer group which all were encouraged to attend. The Church continued meeting in this way until July 2021 when we began to meet in person at the Church building. The Church has continued with broadly the same missionary giving as in 2020. (For a breakdown see note 4 to the financial statements). Two areas of significant support have been to: Firstly, a local church in the nearby area that shares the vision, outlook and objective to bring the gospel to Llanfairfechan; Secondly to continue to support the significant work of Youth for Christ Llandudno. The Church also continues to support the work and improve Gospel partnership with a church in Poland, but for administrative reasons has been unable to make a donation this year. Donations are expected to resume in 2022. The charity is supported by numerous volunteers. Under the direction of the pastor and elders, they assist in running church events, organise and oversee the upkeep and maintenance of the building, and carry out various administrative tasks. The church is grateful for their support and commitment. ## **Community benefit** The Trustees have had regard to the Charity Commission’s guidance on public benefit. The core worship services are open to the public and special events in the church calendar, for example the Christmas carol service, are advertised locally. ## **Future Plans / Objectives** The future plans of the church are to work towards our mission and objectives as laid out in our constitution; which, succinctly, are for more people to hear the good news of the Gospel and for them to know Jesus Christ as their Lord and Saviour. Page 4 of 15 Queens Road Church, Llandudno. 1171322 The church is currently investigating a variety of possibilities to improve the building facilities and increase the capacity of the church. The trustees sees it as a priority to either find new larger premises or significantly improve the current environment. ## **Achievements and Performance** The church was delighted to reopen the doors to the public in July 2021 after 16 months of online services due to Covid. This was carried out in a covid-safe manner with regard to the relevant guidelines at the time. The church has enjoyed getting to know some new faces to the fellowship who joined the congregation during the period of online zoom meetings. A post service picnic at the local park has now become a regular fixture. This was initially organized to discourage gathering inside the building after the service (to reduce covid-19 transmission risk) however it has proved very popular and so has been continued when weather permits. The childrens work was combined with the main worship service when the church reopened and tables with craft equipment were set up at the back of the church. It is planned that Sunday School teaching in the back room during the service will restart for the younger children in 2022. ## **Financial Review** Full details of the financial transactions are detailed in the attached accounts. Total income for the period was £59,462 (2020: £144,280). Total expenditure for the period was £49,072 (2020: £45,366). The net incoming resources for the period were £10,390 (2020: £98,914). The net assets amount to £312,617 (2020: £302,227) at the end of the reporting period, of which £150,000 (2020: £150,000) is represented by tangible fixed assets. The reserves are all unrestricted. The trustees consider an adequate reserves policy is to maintain savings at a minimum of 3 months of fixed costs. This has been assessed prudently as £5,000 a month (2020: £5,000 a month) and has been adhered to throughout the reporting period. The principal funding source of the charity is donations received from the church congregation. This also includes gift aid reclaimable where the appropriate declarations have been made. During the year £3,480 was spent on a building survey as part of the investigative work to improve the church building facilities. The trustees have not identified any material risks and uncertainties affecting the church, and there were no material amounts committed at the period end. The trustees consider the charity to be a going concern. ## **Structure, Governance and Management** The charity is constituted as a Charitable Incorporated Organisation and governed by a Constitution dated 2nd November 2016. Each trustee is appointed by the Church Elders in accordance with section 10.2 of the Constitution. The constitution details the functions and duties of the trustees in paragraph 9. _The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each charity trustee:_ _a) to exercise his or her powers and to perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO; and (9.1.1)_ Page 5 of 15 Queens Road Church, ljandudno. 1171322 b) ts exÉrLYse, ZR theprfonnance oJthosefvietiorts. cort undskill ￿ u the circunLfkncu Tegard inporlicular lo.- (9.1.2) 1) sfvcts71 knowkdge or txpenence thal he or she h(u or holds hunse¥or herseWout a5 ltiwiw an4 (9. 1.2. l) li) ifk or she acts as a chaw In£Ftse ofthe CIO in Ihg course ofa bw7ness orÈroffesRon, lo 5fvc￿l knowkdge or exPen£71¢e thal tl IF reusonabk to Èxpeil ofaperson a¢Ling m the course ofth41 A3nd ofbwiness orProfesswL (9. 1.2.1) TTaining of new and current irustccs consists ofcnsuring they are kept infomed with regards io regulatory changc5. They are given access to the most rcccndy published Lharitscs Commission guidance. The trustees meet regularly throughout the year to review and discuss the pcrformance and actiNities of the ch4Uiiy. Reference and AdmAWStrative Details l.hc Ch￿1(Y Queeiis Road Church, ljandudno is often knomm by a shortened venion olits namc, QucLns Road Church. The charily is registered with the Charities Commission for England and Wales, and has regitstration numbcr 1171322. 'rhe names of the Trustees who served from thc Istjanuary 2021 until the date of thcse financial statements are as follows- Trustee Name Office {IfAny) Dates active if not whole perAod Mr Paul Had]ey Pastor, Chair. Llder Mr Nicholas Richter Elder Mr Terry Wrighi Mr iNicholds. Watson Elder F.IdcT Resigned l 1 /01 /2022 Mrs Eleri Cooper Treasurer Exemptions from Disclosure I'hc charity 15 CXCtnpi¢d from dÉsclosing a statcmcnt of c.ash flo￿￿ as it meeis the critcria ol'a small entity. Rclatcd parry transactions are disclosed in the Notes to thc Fift￿CIal Statcmcnts as per che FRS 102 guidance. Approved by the Trustees and signcd on their behalf by Paul Hadlcy 'rrustee and Elder Date: 18th October 2022 Page 6 of 15 Queens Road Churth, Ilandudno. l L71322 Independent examiner's report on the accounts Independent Examiner's Report Report to the trusteesl members of Queens Road Church, Llandudno On accounts for the year ended 31" December 2021 Charity no (rf any) 1171322 Set out on pages 8-15 I report to the truslees on my examination of the accounts of Ihe above charity ("the Trust") for the year ended 3111212021. Responsibilities and basls of report As the charity's truslees, you are responsible for the preparation of the accounts in accordancè with the requirements of the Charities Act 2011 1.the Act'l. I report in reS￿ct of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under seclion 145(5llbl of the Act. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Acl; or the accounts did not accord with the accounting records. or the accounts did not comply with the applicabl8 requirements Con￿rning the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requir8m8nt that Ihe accounts give a 'tNe and fair, view which is not a m8tler considered as part of an independent examination. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this repDrt in order to enable a proper understanding of the accounts to be reached. Signed: Name: Colin Sykes Relevant professional qualificatlon{s} or body FCA Address: 4 Craig Wen, Rhos on Sea, Conwy, LL28 4TS Page 7 0155 Queens Road Church, Llandudno. 1171322 ## **Statement of Financial Activities for the year ended 31 December 2021** |**INCOME**||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**| |---|---|---|---|---|---| |||**funds**|**funds**|**Year ended**|**Year ended**| |||||**31/12/2021**|**31/12/2020**| ||**Note**|**£**|**£**|**£**|**£**| |Donations||48,935|0|48,935|131,320| |Gift aid||10,175|0|10,175|11,486| |Gift aid small donation||99|0|99|195| |scheme|||||| |Grants||0|0|0|946| |Bank interest||253|0|253|333| |**TOTAL**||**59,462**|**0**|**59,462**|**144,280**| |**EXPENDITURE**|||||| |Employment costs|**2**|33,070|0|33,070|30,032| |Utilities - Gas, Electricity, Water||920|0|920|1,080| |FIEC subscription||887|0|887|890| |Music and IT costs||1,206|0|1,206|2,001| |Conferences, Courses, Books||1,288|0|1,288|221| |Theological Books||122|0|122|8| |Building maintenance &
insurance||5,284|0|5,284|4,136| |Building project||307|0|307|0| |Missionary gifts|**4**|4,880|0|4,880|6,080| |General running costs||1,068|0|1,068|918| |Bank charges||40|0|40|0| |**TOTAL**||**49,072**|**0**|**49,072**|**45,366**| Page 8 of 15 Queens Road Church, Llandudno. 1171322 |**NET INCOME/**
**(EXPENDITURE)**
**RECONCILIATION OF**
**FUNDS**
Total funds brought forwards
**TOTAL FUNDS CARRIED**
**FORWARD**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**Year ended**
**31/12/2021**
**Total funds**
**Year ended**
**31/12/2020**
**£**
**£**
**£**
**£**
**10,390**
**0**
**10,390**
**98,914**
**302,227**
**0**
**302,227**
**203,313**| |---|---| ||**312,617**
**0**
**312,617**
**302,227**| Page 9 of 15 Quttn5 Road Churrh, llandl￿n0. 1171322 Balance Sheet as at 31 Dec mber 2021 31/12/21 31/12/20 Note FIXED ASSETS T￿gible assets 150,000 150,000 CURRENT ASSETS Cash at bank and in hand 155,918 144,096 Debiors 167,075 157,410 Creditor due within onc year 4,458 5,183 Proirysion foT liabilities NET Ci7RRENT ASSETS 162617 152 227 NET ASSETS 312,617 302,227 FUNDS OF THE CHAIUTY Unresiricted funds 312,617 302,227 Restricted funds TOTAL CHARfTY FUNDS 312,617 302,227 Thc notcs on pages 11-15 form part of thcse fjnancial statements. The financial sthtcmcnts were approvcd by the Trustccs on 18ih October 2022. and Si￿ed on Ihcir bchaif by Eleri Cooper Trustee Page LO of 15 Queens Road Church, Llandudno. 1171322 ## **Notes to the Financial Statements for the year ended 31 December 2021** **1. Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation and uncertainty in the preparation of the financial statements are as follows: **(a) Basis of accounting** The financial statements have been prepared on an accruals basis and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS102)). The charity constitutes a public benefit entity as defined by FRS102. **(b) Preparation of the accounts on a going concern basis** The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. ## **(c) Income** Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## **(d) Donated goods, facilities and services** The charity benefits greatly from the involvement and support of its many volunteers. In accordance with Charities SORP (FRS102) and FRS102, the economic contribution of general volunteers is not recognised in the accounts. Donated services have not been recognised in the accounts either because they are not material or cannot be measured reliably. The charity does not receive donated goods. ## **(e) Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furthering the general objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Unrestricted and restricted funds are shown separately in the financial statements. ## **(f) Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity takes advantage of the exemption to not report expenditure on an activity basis, as permitted for charities under the statutory audit threshold per the FRS102 Charities SORP. ## **(g) Offsetting** There has been no offsetting of assets and liabilities, or income and expenses. **(h) Tangible Fixed Assets** Individual fixed assets costing £500 or more are capitalised at cost and depreciated over their estimated useful economic lives as follows; Buildings not depreciated Furniture depreciated over 5 years IT Equipment depreciated over 3 years **(i) Debtors** Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount paid net of any trade discounts. **(j) Creditors and provisions** Creditors and provisions are recognised where there is a past obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated with reasonable accuracy. Page 11 of 15 Queens Road Church, Llandudno. 1171322 Creditors and provisions are normally recognised at their settlement amount allowing for any trade discounts due. ## **(k) Pensions** All employees are members of a defined contribution pension scheme. The charity’s contribution is restricted to the contributions in note 2 and it has no liability beyond making its contribution. ## **(l) Grants** Income from grants is recognised when there is evidence of entitlement to the grant, and any terms or conditions required for the grant have been met. ## **2. Staff Costs** The total staff costs and employee benefits for the reporting period are as follows. |Wages and salaries
National Insurance costs
Pension costs
Total employment costs|**2021**
**2020 **
**£**
**£ **
31,495
28,894
0
0
1,575
1,138| |---|---| ||33,070
30,032| Average number of employees during the year: 2 The church claimed the HMRC Employment Allowance which covered all of employer’s national insurance payments due for the year. ## **3. Trustee Remuneration and Expenses** The key management personnel of the charity comprises the trustees and elders, one of whom was an employee of the charity throughout the year. The remaining four trustees were not paid and did not receive any other benefits from the church. No trustee received payment for professional or other services supplied to the charity. The one paid trustee was reimbursed expenses incurred on behalf of the church totaling £104. (2020: £8). This related to the purchase of theological books. One unpaid trustee was reimbursed costs associated with the attendance of four elders at an F.I.E.C conference, a total of £197 (tickets, parking and mileage). Page 12 of 15 Queens Road Church, Llandudno. 1171322 ## **4. Missionary Gifts** Grants were made to the following Christian organisations. There were no grants made to individuals in the current or prior financial year. |Llandudno Youth For Christ
Polish Church
Libanus Baptist Church
Latin Link
S.I.M (Serving in Mission)
W.E.C (Worldwide Evangelisation for Christ)
A.E.M (Albanian Evangelical Mission)
S.G.A (Slavic Gospel Association)
M.E.R.F (Middle East Reformed Fellowship)
U.B.M (United Beach Missions)
A.E.C.W (Associating Evangelical Churches
of Wales)
Buckingham Trust
Total|**2021 Gifts to**
**institutions**
**2020 Gifts to**
**institutions**
**£**
**£**
1,200
1,200
-
1,000
1,200
1,200
600
600
600
600
120
120
120
120
120
120
600
600
120
120
200
200
-
200| |---|---| ||4,880
6,080| Page 13 of 15 Queens Road Church, Llandudno. 1171322 ## **5. Fixed Assets** |**Fixed Assets**||||| |---|---|---|---|---| ||**Freehold**
**Land and**
**Buildings**|**Furniture**|**IT**
**equipment**
**and**
**software**|**Total**| |**Cost**|**£**|**£**|**£**|**£**| |As at 1 January 2021|150,000|0|0|150,000| |Additions|0|0|0|0| |Disposals|0|0|0|0| |**As at 31 December 2021**|**150,000**|**0**|**0**|**150,000**| |**Depreciation**||||| |As at 1 January 2021|0|0|0|0| |Charge for the year|0|0|0|0| |Disposals|0|0|0|0| |**As at 31 December 2021**|**0**|**0**|**0**|**0**| |**Net Book Value**||||| |As at 1 January 2021|**150,000**|**0**|**0**|**150,000**| |**As at 31 December 2021**|**150,000**|**0**|**0**|**150,000**| ## **6. Debtors** |Amount due under Gift Aid
Amount due under Gift Aid Small Donation Scheme
(GASDS)
Prepayments|**31/12/21**
**31/12/20**
**£**
**£**
10,175
11,486
99
0
883
1,828| |---|---| ||11,157
13,314| Page 14 of 15 Queens Road Church, Llandudno. 1171322 ## **7. Creditors** |**reditors**|| |---|---| |HMRC
Missionary Gifts
Other Creditors|**31/12/21**
**31/12/20**
**£**
**£**
504
496
3,480
4,480
474
207| ||4,458
5,183| Missionary Gifts relates to gifts agreed to be paid after review of the income and expenditure for the year but not physically paid by the year end. Historically this has been agreed annually by the trustees. ## **8. Independent Examiner Fees** The independent examiner made no charge for the service. (2020: no charge). ## **9. Related party transactions** The total amount of donations received from the trustees, without conditions, during the year was £10,955. (2020: £10,195) The wife of a Trustee was employed as an Administrative Assistant for the church on a flexible basis up to 24 hours a month for part of the year. The remuneration paid in respect of her employment during the period was £1,202. (2020: £2,295) Page 15 of 15