IenS Road Church, [larUdD0. 1171322 Queens Rd1111 CHURCH Queens Road Church, Llandudno A Charitable Incorated Organisation Trustee Report & Financial Statements Tr"or the year ended 31 December 2023 Charity No. 1171322 Pw lori5 (beell5 Road Churih: ljamltho. 1171322 Queens Road churc ljanduano Trustee Report and FinancÉal Stat¢ments for ihe Iyar ended 31 tkccmber 2023. Contertts Chaxity Inforntion Tru8tccs' rcFM)rt Independcnt 4nIner'S rqM)rt StRtement of Fmanual AltieS Ba]Hnre Sheet otes to Financial StaMlts Pw2of15 ns Rokd Chukn, Uandtho. 1171322 Chari Inforniatxon Clwiity Name . Queeos Road ChFJrth. Ijandudno Clwity Number: 1171322 Trustees Paul Hadle jul Lisner lappointcd l 1/01 /I)(y)3 Nichol&s Richter irestgned 05106120231 Terry IVri%hi (resigned 14/03/2024) Eleri Cooper .1 iryJothTr Demore Paul Hciate PL%tor on a tempornry b&i& Bettcr paittnership betwecn ItKa] churches been achieb.ed in 2023. e4)eciaUI in Septetnber when a partner5IllP Witli Hope Church Ljdnfajrfech] led to a regular )oun% pc(ylc's "bible stud} oil Sunday eN'enings every. othu weeL Also, M'ith the hdp of our new A*qKiate P&stor, the churr.h has Page 4 (115 Q$S Road Chuyth, kUdO. 1171322 sought to betrer estaldtsh the teathing of younger thadren wrythin the church during the Sunday morning SeTre. F.arl)' in 2023 tlic Church f¢)cu5ed its attention ot) mthin% thc buildirig project forwar(L lThrou.ghout the Tr'eaT significant PTO.gTess M."as mad¢ darifyiiw tl)c ls1On. appoillti]]g new ardiiiccts and bj. communiedtiiig Llie Vksion and updated p13llS tQ 31[ stakcholders. Outreach In 2Q23 the LhuTch continued to improN'e tlie effeuiveness of its outreach to the local comrnuniTh" through its seLsonal events. Il'e succcs5fid in incrcasing attendance at the "Card5 in the ParL" event. During ihe Fa5tei weekend the church wa5 also able to work with a I(3} OT.wiization Friends of Queen's Parl offeiing help to the F25rer egK hunt. and bj introduciiig a craft actiiity, For children. V*'e also offered free liternturt during the Faster event to those interested. FLdl details of thc financial tr3n5action8 are detiiled in the 2Ltached account l oui income for the period m.as £138.i06 12022: £4i1,931). Tot21 expeilditure for th¢ perif)d CXL]uding d¢pT¢ciation was £94,910 :'2022: £66.9i?l The net incoming roUrcCS for the pcriod M-cre £42,782 ',2022: £384,64ij. The nct wets amouni 10 £740,04412022: £697,262) at the eLid or the reponing period, of £223,iOi 12tr22: £151,588) is represented by tangible fExed assets. The resee are all unTesiTiCted. The trustees coiisider xii adequate reseThres poliel" is to matntain salg5 at a minimum of3 moi?ths of fixed costq. This haf been assessed as £7.5 a month foi this ac£ountii]g period 12022.. £i,000 a rnonthl and has been adhered to throughoui thc accolthting ri(. The principaE lldIng source of the charan". is donations Ttc£Tri"ed from the churcb. col1ggatsll. I'his Also iiirlud¢s gifi aid rcclaimable where the appropille declarations haiic been made. Diiring the )Tear £7,47612022.' £11,776¥ M'3s sPet on architctt fees and related c0515 in dei'elopin.g a design for future woik% to kmprove the church building faciEiou. The tnJ8tee.s haire not tdenrified any Materi risks and unceTL7inrie5 affecting the church, 2nd anTr rnateiiaj amounts committed ar tlke period eiid are induded iii dic edito baJ]ce. Tlie Iree$ considcr thc ¢haTity to be a going concern. In 2023 the Churth tommitted to replacing the Toof ofdie buildilig. The work w-ds substantiajl complete at the }ear end and the rtjll cost has been capitalisc The chaTityr is coiistituted &$ 2 Charitable Ine00Tated Org3nisation and gffllerned bv a CoiistiWtioD dated 2nd Troitmlr 2016. Each iTU5tre is appointed hs, tjie Church FJdeTS ili accordaiice th sectioi) 10.9 of the Cottstitutioii. Tlie ¢onstiDJuon derails the fuiictioiis and dutics of the tru8tce8 pardgraph 9. Trechftnty InLffttr SI11 oJrht Cto Lodywfv Uwlpwpose au thtPoLs oftht CIO. It a) lo ¢xttare kns OT Iwpotvs ond his IV herfv¢ti4TrnS in hts orher ¢f a ofth¢ CIO tn th¢ Iw w shd d(0d tglIliA TLwld kmosi bkfjy th¢Pi•nfthÉ Cto,. aRd (9.1.lJ re£ard par¢Ir io." (9. 1.2) Page5otis I¢¢$ Road C'hutrh. IlandudTto. [1713 i) ary st¢¢wlknou,Ifdgeor heoTJk AOldrknnLs0r l¥rsdf8ttl Qf 19. J.2. JJ tij or sht 86ts w a frffe¢ rfiht CIO m the orpnf) to ¢uty sljecial ttrPmfvstoL (9.1.2.IJ TaIlg of and curru)t tn]stees consists ofensurillg tho. are kept informed 7th re.gards io regulatory chang¢s. Th¢v are gl'en acce&$ 10 the most recth)dJ published ChTtieS Commission guidance. 'Ihe trte¢S mcet regularly thryjughout Ehe to rthiew and disc8$ the perforniancc and acLtiqties of the charity. The c51thty" Queens Road Cliurch. Llandudno ks oft¢x] knowm a shortcned of irs name, Qiiccns Road Church. Tlie charity 15 rwsrered w.ith the Charities Commisioii for Fthgland and Ivaies, 1rgistrati1 nUmr 1171322. The names of th¢ Trusttts who seTh'ed [M the IsrJanuary 2023 unti] the date of sigE]ing the rui4cLaj siatements are L8 follows: Trustee Name Office Iy) Dates active Afnot WIle period Paul Hadie)" Paèttor. Chair. Fjder juli Eisncr -¥icholL8 Richt¢r S9)¢te Pastor. Elder .4ppointed 17/01 /2023 Elder Resigned 05/(1202. ResTgnd 14103/2024 Terry IWFight Eldcr EicT& C(x)per I"fe3SUFer Tmothv Demorc The charit}.' is exempted from di%closing a statement ofcash 2S it meets the rriteria of a small entity.. Rdated pam transactions are di5cI¢)5¢d lli tl)e N'otes w th¢ F]nanciaJ Siaternents as per FRS 102 guidance. Fund5 held as a Custodlan Trustee on beh2ifofothers -No fLllRds W¢ hdd as a custodian tntstee on Ihlf of other6. Approved b* the Tni$tees aT]d 5igncd on their belixlf b Trustee and Eider Date: 19th Otber 9024 P4e6of13 {tellS Road C,hiirr.h. LkndiidJ)o. 1171322 Independent examinerfs report on the accounts Independent Examiner's Report Report to the trusteesl embers of Queens Road Church. Llandudno On accounts for the year ended 31. December 2023 Charity no ,, 1171322 (if any) Set out on pages 8-15 I report to the trustees on my examination of the accounts of the above charity ('the TnJsf) for the year ended 31112 12023. Responsibilities and basis of report As the charÉWs trustees, you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charits"es A 2011 (Ihe ACV). I report in respect of my examination of the Trust's accounts c£rrted out nder seclion 145 of the 2011 Act and in carying out my examination, I have followed all the applicalje Direclions given by the Charity Commission under section 145(5){b) of the A(*. Independent examinerfs stalement I have completetl my examination. I confirm thal no Tn3teri81 matters have come to my attention in connection with the examination which gives m8 cause to believe Ihat in, any matenal respect.. the accounting rdS were not kept in accorolance wth secb'on 130 of the Charits'es Act,. or the accounts did not accord with the accounting records. or the accounts did not comply wilh the applicxble requirements concerning the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than 8ny requirement that the accounts give a 'tnJe and fairf Mew which is not a matter cons4dered as part of an independent examinats"on. I have no Goncems and have come across no other matters in connection with the examinats.on to which attenb.on should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Colin Sykes Relevant professlonal quallficatlon(s) or body . FCA Address: 4 Craig Wen. Rhos on Sea. Conwy. LL28 4TS Pxgt7of li Queens Road Church: UlThdn0. 1171322 Statement of Finanaal Activities for th nded 31 Deeem COME Unrestrxcted Restrketed Totsl funds Totsl funds fia5 fid5 Year ended Year ended 31/12/2023 31/12/2022 Notr Donations E09,i76 k09,576 441.014 Gtft aid 10.025 10,025 930 9,1¢1 Gilt aid sm3Jl donation sdieme 930 Bank int¢rest 17,975 17,97) 1,271 TOTAL INCOME 138,506 138.506 451,931 Charitable aCtItieS Employrnthit o)$ts Utiiiucs- Gas, Electricity, Wat Subscriptions Iusic and IT co$ 68,038 2,969 1,345 1,250 1.026 36.004 2,969 1,345 1,2iO 2,224 1,236 2.062 Cnnferenc.e8, courses, iKJok% Buildiiig maiiitenan(£ & in%urance 1.026 2,041 2.619 2,619 2,191 Building pr(>jeci Missionarv gifts Oiilreach 7.476 5,020 7.476 5.020 3.491 11,776 5,880 2.20i 3.49 Sundry cNKnscs Blk charges 930 930 1.236 806 806 190 94.970 94,970 66,975 L)epreaanon Dcpi'eciation on rr equtpmeni d softWe 154 754 311 95,724 95,724 67,286 P4¢8of15 QCtIs Road Church. tlandtho. I 17 l329 Ujwestricted Restricted Total fwids Total funds Yrar ended Year ended 31112/2023 31/12/2022 NEf COME1 41782 42,782 384,645 RECONCIIIATION OE Total funds broughi forwards 6Y7,262 740.044 697.262 312,617 740.1)44 697,262 FORWARD P4e9of15 f&eDs Road Churth: USd0. 1171322 Balance Sheet as at 31 December 2023 31112123 31/12/22 Note TgIbIC assets 223,707 151.588 Cash at bank and in hand 512,617 iM.982 Debto 27.903 340,520 555,769 Creditor due within onc vcar 24,183 10.095 Provision foT li3blliiies 516.337 545.674 NET ASSETS 740,044 697.262 b'nrestrÈctcd funds 71Q,(114 697,262 Restricted fund$ 740,(PM 697.262 "rh¢ note8 on page5 11-15 fomi part olthc5c fmanci31 statements. The financial statCTn¢nts W£T¢ approved by the Tre5 191b October 2024. id wgned on their behalf b!" Eleri Coo Trustee Paxt 10 ot 15 Quetns Chub, and1n0. 1171322 Notes to the FAnanual Statements for the ear ended 31 Deceznber 2023 l. Accoujthg Policies The pnneipal accounwig wlicies adopled).jud¢ements and kev sources oFt$limation and uncertainty in tlie pieparation of th¢ financial statements are as foAIowB: lal Basis of accounting Tlie Fm2ncial 51atcmcnts have been prepartd on at¢ntals b3s&s and ill accord2nce the FI1¢7a1 R¢porting Siandard 3ppJirable Én the Uk- and Republtc of Ireland {ClIltieS SORP iFRS10211. Tl)e diarin" cOnliu{e8 a public beiielii entiry delined by fr'KS" ItF&. Ib} Preparn¢aott of the accounts on a going concern basis The twstees consider that there are llo mateTi3] uncemilllle& about the tharity'5 abilitv to rontinuc a going collcenj. Ic) Income InLOtne is recogniscd when the charity has eiitit]ement to thc funds, it is probable that ihe income will be Cell.'ed. 3nd thc amount CAn be meLsured rdiablv. Ani, Gift Aid amvunt recovcred on a donatioll is considered to be pan ofdiat.gitt akid is trted as din additLOII ro the $2me fund as the iniiia] donation unless the donor or thc ternL8 of the appeal have c.ifEed othernise. Idl Donated goods. facijities 2nd serrices The Chari. benefits gread!. from th¢ inTroh,CTllcT]t aJJd supw)rt of kts many voluntee. In accordance ChaTitle5 SORP IFRS1021 and FR5102, tlie economic coiitribuuon of gcnc.rai iDluiiteers is iioi recogiiised acLULSllts. Don2ied ser¥'iee8 ha¥e Eioi beeli reColS¢d in the accounts either because they not matCri31 OT raTJnot be measurcd reliabl!.. The charity does not (k)naE¢d gwds. (el Fund accounting L'nrestricted fid$ are availabl¢ for usc at thc dtscretion of the trustees in furtherin.g thc eiier2106jecuves of the chari(*. Restricred funds ar¢ subject to resICU0nS on their cxycnditure imposed b). the donor o)" thN>ugli tlie ternis olan appca]. Lnrstricied and TCStilCted funds are $hoMm separatrty in th¢ fan0a1 Ststrments. (fj Expewliture Expeiith"ture is recogni (mce there is a legal orconsttvctive obligation to make a pay7ncnt to a third party. it is probable that Settleent will required •id the amount of the Oblili0n can bc TneisuTed liabl,. Tlie chariTr takes adi"xnta%e of rhc excTnprion to not report expeT]diture on an actiNih." basi 8 permitted for charities undeT thc statutory audii threshold per the FRS102 Cliaritics SOkP. {g) Offsettiiig "I"h¢r¢ lias en no oifsettin% of assets and liabilities. or income aud oxEKnses. (h) Tangxble Assets Indidual Excd asscts costing £.5(KTr or morL' Jre capiuliged at Cost and dcpT¥L2ated oy'er their esiimated u$eFul ecunomic lii.es fi)ll0H. Butidings noi depreciaied Furniture depreciated oirr 5 Ye5 IT F41Pment depreciated oi'er 3 years {1) Debtors Debiors are 2tco.gnised at the setd¢ment amount due 8fter ttadt difcount offered. Prepayments are valued at the aTnount Paid nct oraTr trade disrounts. til Creditors and provi0$ Crcdiiots &id pYoi4sÉons are Jrcogniscd whcrc thcTC is a past oblig10 resultiiig Froin a pkst t¢t d]at will probably r¢suIt IEL a transler offunds u) a tliird atsd the amount due to settle the obltgatioii ran be measured or estimated with Teag>nable accuracy. Paxcllof15 QurcD3 Road Church, Ilandudfto. I l 11322 credito and provisions are norTt]allv cognis¢d 3t theiT settlement atnount allowing for aTJy trade dixounts due. {k) PeosAOttS .Jlll emplol'ees arc rnernbers ora dcfiiicd contributioll pcllsion sd)eme. The ch3riry's conulbut0n is res(Yi(ted to thc contribuuons Én note 2 and it has no liabilit!" tyond making its coiiiribution. ) Grants InLtsme Irum grants is Tecognised w.heii there is eiidcllce of entidement to the grdDL and an? tem$ or conditions required for the grant havc been met 2. Stsff Costs The totrl costs and employee E*n¢fits foT the. rcportingperiod are as follo1. 2023 2022 l agcs and salaries Nation Insurnnce LThts 61,798 34.290 Pcnsion costs 1,714 Tota] employment costs 68,038 36,004 Averdge numbcr of ¢mployees dujing the year. 212022: 1! The church c3aÉmcd thc FIfvIRC EmployEr*nt Allom'ance which o)vered 3ll cmplover's naiiona] insurance paymcnts due for the year. "I'he kev m2n4emeni tsOn olth¢ tharitsl cornpr th¢ trvsm and elde. two or whom were emploTreeg of thc chariry.. Ihrou%l)out tl)e veaT. The other trustcLs were nol paid nd did not Teccii'e anv orher beiiefits fi.otn thc thwch. is'o trustcc Tcceii'ed paeI for prolessional or other seThices supp]icd io the chariry". There were Twstee expenses of £0 12022..£120} TcimbuT5ed during the year. Page 12ott5 Road Churth, lJanth¥Ello. 1171322 Crants wer¢ made to the folloiiing C.hristkan oTWi]Sl0I]S. There WCTC no grants made to IniiiNiauals in the Current or prior fmancial year. 2023 Gifts to 2022 Gifts xnstitutaons instithtions IJaIidudno I'oudi For Clirist 1.2(Kl 1.200 Baptist Churth latill Lllnk 1,2(K> ,200 600 EA)0 S.I.M ISeThying in W.E.C ¢]I'orldwide Eanglsatioll for Chkistl E.NI (Albanian EVgelical .IIission} 8.G.A IS]avic Gospel AsSlation! ,Iq.LR.F iThfiddEe Fasi Refomied Tr'cUoMthip'. L.B.fvl:iinited Beaeli NL Iissiollsl .IE.C.IV l.knociating Eiwangclic31 Churches oFII'aiesl StaC GoSFrl A550ciatioD - HUMlitarian Supwrt "I"otsl 120 1.000 350 12Q 120 3iO 120 l20 200 1,000 i,020 5.88Q Pw13ot15 Jeth5 RoAd ChuTrh. tJaTx15th0. 1171399 5. Wjxed Assets Freehold IT equApment Total Buildings Cost As ai l Jalluarv 2023 .4dditions 150.0 1.898 151.898 70,679 2,1 72,873 Dispods As at 31 De¢wnber 2023 220,679 4,092 224,771 DepreciatAOA As at l January 2023 Charge for the vear Disposals As at 31 DeCernb 2023 310 310 7.54 754 1,064 1.064 Net Bk Value .4s it l.Fanuary, 2023 As At 31 December 2023 150.000 220,679 1.588 3.028 151,588 223,707 6. Delrtors 31/12123 31/12/22 tlmount due under Gift..Xid 10,025 9,141 Imount due under Girt Elid Smajl Donation Sdierne IGASDSI 769 485 Prq)aTrin¢nts Oth¢r tkbto 995 1&114 31* 27.3 10,787 Paqe 14 of 15 (leI$ lioad Church. and0. I 171522 7. Credito 31/12123 31112122 HMRC 1,291 465 Iis570narv Gifts 3,620 3,4 Othcr Creditors 19,272 6.lio 0,095 qi55ionary Gifts relates to qifrs agreed to be paid after ]M¢W of the income aEtd eypenditure for the ycaT but not paid until after the vear en& Historicallv this has bethTr. agrced innually bv tbe tW5tr6s The indendent examincr madc no charge for thc Smi12022. llo charge). 9. Related party transactions Thc total amount of donations Celed from thc without colldiuon during th¢ j'ear £11,195. {2022: £8,990). Page 150(15