## **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** **______________________________________________________________________________** |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** ## **______________________________________________________________________________** 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** **______________________________________________________________________________** ## **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** ## **______________________________________________________________________________** 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** **______________________________________________________________________________** ## **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 mom￿1% of mor￿ Baptsst Churth, Risca On ac¢¢>unts for the year 31°ma￿2025 Chartty no (11 any) 1171405 S•t on p•g•s 12 I reF￿rt 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 Charrt￿S 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 u￿ler 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 c￿nectIon wilh the exarnina￿n 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¢￿r￿￿￿On wilh the etsm•￿tIOn to which attention should be drawn in 0￿er lo enable a prow understandrg of the aca)unts to be reath￿d. Slgnod: 20111r2025 Kevin lan Couttard Relevant professlonal qualifKation(s) or body {rf any): BA (H¢xts) Busirw & F￿￿n ACCA {plq) Address: 23 Rhys￿ Road Newport NP115HB ## **Moriah Baptist Church Risca** ## **Statement of Financial Activities for the Year Ended 31 March 2025** **______________________________________________________________________________** ||**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** **______________________________________________________________________________** ||**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** **______________________________________________________________________________** ## **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** ## **______________________________________________________________________________** ## **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: **----- Start of picture text -----**
2025 2024
3 3
**----- End of picture text -----**
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** **______________________________________________________________________________** ## **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** ## **______________________________________________________________________________** |**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** ## **______________________________________________________________________________** ## **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.