REGISTERED CHARITY NUMBER: 1171405
Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 For Moriah Baptist Church Risca
Contents of the Financial Statements for the Year Ended 31 March 2025
Moriah Baptist Church Risca
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| Page | Page |
|---|---|
| Report of the Trustees | 1 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 12 |
Moriah Baptist Church Risca
Report of the Trustees for the Year Ended 31 March 2025
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The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1171405
Principal address
Tredegar Street Risca NP11 6BU
Trustees
A Carey S Lewis C Powell D Cooper T Moody G Walters J De-Gare Pitt D Owen C Williams N Kondrat M Phillips S Hayward J Pinheiro
Independent examiner
Ian Coultard 23 Rhyswg Road, Abercarn NP11 5HB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and a deed of trust which can be reviewed on request.
Board of Trustees
The charity is organised and policy implemented through the board of trustees who normally meet monthly.
Election to the Board & Trustee training
Trustees are elected by the Church members. Necessary training is provided to each trustee in relation to their role within the charity.
Moriah Baptist Church Risca
Report of the Trustees for the Year Ended 31 March 2025
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Risk assessment
The charity has designed a series of policies in order to ensure that all risks are addressed, and operations managed in an efficient manner. These are regularly reviewed in light of the changing statutory environment.
OBJECTIVES AND ACTIVITIES
Summary of the main activities taken for the public benefit in relation to these objects
We often say we are a “Church at the heart of the community with a heart for the community” and so, during the past year, the Church has continued to be as welcoming as possible offering a wide range of weekly and/or occasional meetings, many of which are designed with the community very much in mind. We are grateful to God for His continued faithfulness to us as well as the unwavering support of members and friends.
Prayer undergirds all we do and, therefore, we have continued to hold twice weekly online leaders’ prayer meetings as well as an in-person prayer gathering on the third Sunday of each month. We began the year with a series of special prayer times and at Easter and again in the summer we made use of different spaces in the Church to create ‘prayer spaces’ into which people could come for personal reflection and prayer as well as times of corporate prayer.
On the second Tuesday of each month the Moriah Ladies Fellowship meets - an opportunity for ladies to meet together, share some refreshments and enjoy a talk from a Christian speaker. We have also continued to hold an in-person Monthly afternoon Communion service on the second Sunday afternoon of the month.
Whist we have, sadly, recorded the passing of some amazingly faithful and devoted followers of Jesus, we are thrilled to have seen people coming to faith and have continued to see baptisms, new members and new people coming along to our services.
The Pastors and Deacons have continued to explore ways of engaging with our community in meaningful and practical ways and this has led to us holding a number of events and activities (undertaken for the public benefit in relation to our stated objectives and activities). These have included welcoming children from local primary and infants schools to look around the building and understand the basic tenants of the Christian faith as well as a number of community facing events including a fortnightly Board Games evening, occasional Craft events and, with children in mind, a “Light Party” (an alternative Halloween event) as well as a “Holiday Bible Club”, which provided an opportunity for primary aged children to gather in a safe, welcoming space to enjoy the company of other children, participate in arts and crafts, fun and games. We have also held summer BBQ’s utilising our outdoor space, and an annual Christmas Memorial Service (in partnership with a local firm of undertakers) for those who have been bereaved and find Christmas a difficult time of year.
We have come together as a Church family for two sessions of “Connecting Together” – an opportunity to gather and learn more about our faith – these included a series entitled “Croeso” looking at how to be missional personally and as a Church with another session looking at the book of Romans. We have also held an Alpha Course for those wishing to explore Christian faith further.
We are delighted to now host the local Comprehensive School’s pupil engagement class for students who, for a variety of reasons, find attendance at school difficult. We also host a local community choir called, “Sally’s Angels” as well as a weekly Toddler Group.
Moriah Baptist Church Risca
Report of the Trustees for the Year Ended 31 March 2025
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Our Preschool Playgroup goes from strength to strength and, although a registered charity in its own right, it continues to be a key aspect of the Church's wider ministry to the community. We strive to consistently demonstrate the love of Jesus, in both Word and action to our community and through this we pray we may see people being brought into a closer relationship with God.
We have continued to meet on Sunday mornings for regular acts of Christian worship and have been thrilled to welcome contributions from representatives from some of the key charities we support overseas including The Leprosy Mission and BMS World Mission as well as Rhun Murphy a Church planter from North Wales. Seeking to be as accessible and inclusive as possible, we have also continued to provide an online facility for those not able to join us (whether through infirmity or poor health) and have continued to keep people updated and informed through our social media presence - in particular our website at www.moriahrisca.com
The Church operates procedures and protocols to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the DBS (Disclosure of Barring Service) and Safeguarding training. We have now established a Safeguarding team to oversee this work. We are also complying with UK Government GDPR regulations. The Church has read the Charity Commission's document on public benefit and is satisfied that the activities outlined above are clearly demonstrating that the charity is providing benefit to the public.
ACHIEVEMENTS AND PERFORMANCE
Summary of the main achievements of the charity during the period
In adopting this report and accounts, I record my deep gratitude to everyone at Moriah Baptist Church for the work they’ve faithfully undertaken during the past year. The Pastors, Publications lead and outreach worker, deacons, Pastoral Workers as well as members and friends of the Church - have all continued to bring a rich diversity of skills and experience to the fore, meaning we have continued to be faith filled, adventurous, innovative and creative in our work as a Church.
As mentioned above, Moriah is ‘a Church at the heart of the community with a heart for the community’. Community engagement is therefore a high priority for us (see above). We continue to enjoy a close working relationship with the Risca Branch of the Royal British Legion – hosting and/ or participating in a number of events and services including hosting afternoon veterans/supporter teas and marking Armistice Day. We have also hosted a number of concerts for organisations in the town including Risca Male Choir and local schools. We also hosted a fundraising event for the work of St. David’s Unicorn Service that provides support for children and young people who have been impacted when a significant adult in their lives is seriously ill or has passed away.
As a Church, we continue to support a variety of Christian initiatives (both in the UK and overseas) including ICE Wales which reaches school children with Bible stories, activities and various other initiatives; BMS World Mission - a Christian mission organisation, working in around 30 countries on four continents to make Jesus known and share the full life he brings; Tearfund - a Christian charity that partners with churches in more than 50 of the world’s poorest countries to tackle poverty; and The Leprosy Mission - a global Christian organisation leading the fight against leprosy. We also partner with other churches in the town to facilitate Risca Foodbank. This is a practical way of demonstrating care and support for the Community of Risca.
The Church continues to enjoy good relationships with the other Baptist Churches in the town and our Pastors are part of the Gwent Baptist Ministers meeting “Minister’s Space” which meets every month. Further afield we enjoy relationships with other Baptist Churches through the Gwent Baptist Association and the Baptist Union of Wales with many of us attending ‘Momentum’ - the annual conference for the Union held in Carmarthen. As a Church we have continued to offer pastoral care to our members through pastoral visitation by the Pastors and Pastoral workers (as well as visiting, phoning, writing and messaging one another).
Moriah Baptist Church Risca
Report of the Trustees for the Year Ended 31 March 2025
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FINANCIAL REVIEW
Summary financial position
The charity recorded unrestricted Net Income (Expenditure) of £36,175 ( 2024: £4,863) for the year. Total unrestricted Net Movement in Funds of £171,559 ( 2024: £117,035 ).
Fixed assets
All the fixed assets are currently carried at insurance replacement values. It is a future intention to complete a full fixed asset register with the main property assets properly valued. This will be beneficial both for asset carrying value purposes and for insurance purposes.
Statement of policy on reserves
The Trustees are satisfied they have sufficient reserves at the Statement of Assets date, together with ongoing income anticipated, to enable the Church to function effectively in the coming year.
Further financial review details
The financial results for the year, together with a summary of accounting policies adopted, are set out in the accompanying Financial Statements.
Approved by order of the board of trustees on 24th November 2025 and signed on its behalf by:
DCooper Christine Powell ............................................. ............................................. D Cooper - Trustee C Powell - Trustee
CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examinefs report on the accounts Section A Independent Examiner 9 Report R•port to th• In•1•1 mom1% of mor Baptsst Churth, Risca On ac¢¢>unts for the year 31°ma2025 Chartty no (11 any) 1171405 S•t on p•g•s 12 I reFrt to the trustees on my examnatM)n of the xcounts of the ab(Ne charty fthe Tntsf) for the year erthj 31K1312025. R••pon•lblllll•• and As the dbanty truslees ol Ihe Tws( you are resp(Thible for the preparation bas18 of report of the accounts n accothnce with the fequirements of the CharrtS AL# 2011 W. I reF#)rt in fespect of my examinati of the Tntst's accounts carried out under sedion 145 of the 2011 Ac and in carrying out my examination, I have followed the applicable Diredi(xis gNen by the Chanty ComrnissK)n uler section 145(5)(b) of the A Independent I have completed my examinalion. I c(th that no material matters have examinerfs statement come to my attenti in cnectIon wilh the exarninan whth gives me cau to believe that in, Y material re¥Ect: acC(nIng re(¥rds efe noi kept in ac£ordan ith sediryi 130 of the Act or the accoLmts do r#)t accord th the accountiru records I have no concems arKI have come across no other matters in c¢rOn wilh the etsm•tIOn to which attention should be drawn in 0er lo enable a prow understandrg of the aca)unts to be reathd. Slgnod: 20111r2025 Kevin lan Couttard Relevant professlonal qualifKation(s) or body {rf any): BA (H¢xts) Busirw & Fn ACCA {plq) Address: 23 Rhys Road Newport NP115HB
Moriah Baptist Church Risca
Statement of Financial Activities for the Year Ended 31 March 2025
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| Unrestricted funds Restricted fund 2025 Total funds 2024 Total funds £ £ £ £ |
|
|---|---|
| INCOME Donations, legacies and other income Investment income and interest earned Total |
|
| 181,091 10,936 192,027 142,291 2,693 0 2,693 3,084 |
|
| 183,784 10,936 194,720 145,376 |
|
| EXPENDITURE ON Charitable activities Donations Administration Total |
|
| 10,229 16,520 26,749 4,014 137,379 0 137,379 125,298 |
|
| 147,609 16,520 164,129 129,312 |
|
| NET INCOME (EXPENDITURE) | 36,175 (5,584) 30,591 16,064 |
| Other recognised gains Revaluation of fxed assets Net movement in funds |
|
| 135,384 0 135,384 112,172 |
|
| 171,559 (5,584) 165,975 128,236 |
|
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
|
| 5,200,237 14,080 5,214,317 5,086,081 |
|
| 5,371,796 8,496 5,380,292 5,214,317 |
Moriah Baptist Church Risca
Balance Sheet at 31 March 2025
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| Unrestricted funds £ |
Restricted fund £ |
2025 Total funds £ |
2024 Total funds £ |
|
|---|---|---|---|---|
| Notes | ||||
| FIXED ASSETS Tangible assets 5 |
||||
| 5,216,446 | 0 | 5,216,446 | 5,081,062 | |
| CURRENT ASSETS Debtors 6 Cash at bank and in hand |
||||
| 18,696 140,170 158,865 |
4,597 3,350 7,946 |
23,292 143,519 166,812 |
29,385 111,650 |
|
| 141,035 | ||||
| CREDITORS Amounts falling due within one year 7 |
||||
| (400) | (2,565) | (2,965) | (7,780) | |
| NET CURRENT ASSETS | 158,465 | 5,381 | 163,847 | 133,255 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
5,374,911 | 5,381 | 5,380,293 | 5,214,317 |
| NET ASSETS | 5,374,911 | 5,381 | 5,380,293 | 5,214,317 |
| FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
||||
| 5,371,796 8,496 5,380,292 |
5,200,237 14,080 |
|||
| 5,214,317 |
The financial statements were approved by the Board of Trustees on 24th November 2024 and were signed on its behalf by:
DCooper Christine Powell ............................................. ............................................. D Cooper - Trustee C Powell - Trustee
Moriah Baptist Church Risca
Notes to the Financial Statements for the Year Ended 31 March 2025
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1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Tangible fixed assets are shown at their latest insurance values which, in the opinion of the trustees, are deemed to be fair value in relation to the assets concerned.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Moriah Baptist Church Risca
Notes to the Financial Statements for the Year Ended 31 March 2025 - continued
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1 ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2 TRUSTEES' REMUNERATION AND BENEFITS
Trustees' remuneration
D M Owen and T Moody were paid remuneration of £32,252 (2024: £32,252) and £22,748 (2024: £19,589) respectively in their roles as pastors of the Church.
Trustees' benefits
They both receive the additional benefit of rent free accommodation in relation to their roles and the Church also pays for the Council Tax on both properties. For T Moody, the Church also pays for the Water rates on his property and also reimburses him for Life Assurance and Critical Illness insurance costs.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
3 STAFF COSTS
The average monthly number of employees during the year was as follows:
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2025 2024
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No employees received emoluments in excess of £60,000.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries | 60,622 | 57,463 | |
| Social security costs | 0 | 0 | |
| Pensions | 4,984 | 4,341 | |
| 65,607 | 61,804 |
Moriah Baptist Church Risca
Notes to the Financial Statements for the Year Ended 31 March 2025 - continued
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4 PRIOR YEAR COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ |
Restricted fund £ |
2024 Total funds £ |
|
|---|---|---|---|
| INCOME Donations, legacies and other income Investment income and interest earned Total |
|||
| 130,725 3,084 133,810 |
11,566 0 11,566 |
142,291 3,084 |
|
| 145,376 | |||
| EXPENDITURE ON Charitable activities Donations Administration Total |
|||
| 3,649 125,298 128,947 |
365 0 365 |
4,014 125,298 |
|
| 129,312 | |||
| NET INCOME (EXPENDITURE) | 4,863 | 11,201 | 16,064 |
| Other recognised gains Revaluation of fxed assets Net movement in funds |
|||
| 112,172 117,035 |
0 11,201 |
112,172 | |
| 128,236 | |||
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
|||
| 5,083,202 5,200,237 |
2,879 14,080 |
5,086,081 | |
| 5,214,317 |
Moriah Baptist Church Risca
Notes to the Financial Statements for the Year Ended 31 March 2025 - continued
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| 5 TANGIBLE FIXED ASSETS 6 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Freehold Property Plant and Machinery Totals £ £ £ COST OR VALUATION At 1 April 2024 4,916,945 164,117 5,081,062 Increase in insurance valuation 132,758 2,626 135,384 At 31st March 2025 5,049,703 166,743 5,216,446 NET BOOK VALUE At 31st March 2025 5,049,703 166,743 5,216,446 At 31st March 2024 4,916,945 164,117 5,081,062 2025 2024 £ £ Other debtors 23,292 29,385 2025 2024 £ £ Other creditors 2,965 7,780 |
Freehold Property £ |
Plant and Machinery £ |
Totals £ 5,081,062 135,384 5,216,446 5,216,446 5,081,062 2024 £ |
|---|---|---|---|
| 4,916,945 132,758 5,049,703 |
164,117 2,626 166,743 |
||
| 5,049,703 | 166,743 | ||
Moriah Baptist Church Risca
Notes to the Financial Statements for the Year Ended 31 March 2025 - continued
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8 MOVEMENT IN FUNDS
| At 1/4/24 £ |
Net movement in funds £ |
At 31/3/25 £ |
|
|---|---|---|---|
| Unrestricted funds General fund |
|||
| 5,200,237 | 171,559 | 5,371,796 | |
| Restricted funds Mission account |
|||
| 14,080 | (5,584) | 8,496 | |
| TOTAL FUNDS | 5,214,317 | 165,975 | 5,380,292 |
Net movement in funds, included in the above are as follows:
| Incoming resources £ |
Resources expended £ |
Gains and losses £ |
Movement in funds £ |
|
|---|---|---|---|---|
| Unrestricted funds General fund |
||||
| 183,784 | (147,609) | 135,384 | 171,559 | |
| Restricted funds Mission account |
||||
| 10,936 | (16,520) | 0 | (5,584) | |
| TOTAL FUNDS | 194,720 | (164,129) | 135,384 | 165,975 |
9 RELATED PARTY DISCLOSURES
Laura Moody was paid remuneration of £5,622 (2024: £5,622) during the year in her role as an assistant in the church.