March 2025 Dear Brothers & Sisters, Please find the Trustees Report for Tabernacl Penrhyndeudraeth 2024. Whereas previously I would have gone through the report page by page, it will be easier if I go through them line by line. At the top of the fi rst page, you will see two titles, Unrestricted Funds and Restricted Funds. A Restricted Fund contains money that has been given for a specif ic cause, and therefore its use is Restricted for that use only. For us, last year, that was only Tabernacl. In A1, all the entries are self-explanatory, a part from 'Other Receipts, which covers the sale of surplus items. A2 This is for sale of assets & investments. As we have not sold any, there are no entries here. A3 Payment8. The titles usad here diff8r from what we were used to, and some items appear under different titles. The increase of about £10,000 in Payroll Expenses was because Pete's 2023 pay award was not paid until April24, and there was another pay award in Sept 2024. You will be aware that we have made a claim against our Executive Income Replacement Plan (Insurance) with Unum. This was rejected. We have appealed against this decision, using written evidence from Phil Swann. We are awaitingtheir reply. In line with Pete's increased salary, we have increased the 8mounts we give to Missionary Causes, although the total arnountgiven has decreased as we have ceased to support Rob & Gill Burridge, and Andrew Facer. You will notice that Connect Supply have provided analysis of the payments in Notes To The Financial Statements, sections A301 to A304. However, a further analysis of our Missionary Giving is as follows , Lydia Adams Lois Adams Grace Village Slavic GospeL Heledd Job Fiec 1256 560 1256 2240 1050 7312 Vislting Speaker 7462 The Travel Expenses £867 A302 includes both Pete and John Boiger's travelling. On the last page, in B1, you will see £102,059 in Restricted Funds. Theoretically this 8t should be the amount available to spend on Tabernaclon the 31 Dec 2024. However, £30,000 had not been transferred f rom the U nrestricted, giving a tot8l of £132,059 and leaving us with a Cash Reserve of £9,405. B2 showsthe Gift Claim forthe last quarter of2024. That has now been received. The 'Financial Activities by Month, show how money has come in overthe year, but includes gifts forTabernacl and General Fund together. Again, for this year, I cannot give an accurate estimate, but again it will be diff icult. The expenditure on Tabernacl will remain high, but we endeavour to get value for money. Thankyou to those who have bought items for the church but have not asked for renumeration, and to all of you who have helped in all sorts of practical ways. Thank you for reading this, and thanks for allyour prayers and help over the l8St twelve months. Again, ifyou have any questions, please phone me, email, or ask a question at the AGM. Robin (on behalf of the Trustees) er Penr Charity Information for theyear ended 31" December2024 The Office Address is Capel Fron, clo Preswylfa, 3 Osmond Terrace, Minffordd. Penrhyndeudraeth. Gwynedd LL48 6HW. The Trustees are Peter Campbell (Pastor) John Bolger (Elder) Robert Williams (Elder) Ih Derrick Adams retired as a Trustee on the 24 February 2024 All office holders are appointed in accordance with the Church Handbook, copies of which are available from the Church Office. Charltable Status. T8bern8cI Penrhyndeudraeth is a Charitable Incorporated Organisation. registered in England &Wales, No 1174601 and is centred on thetown of Penrhyndeudraeth in Gwynedd. Structure. Governance and Management. Tabernacl Penrhyndeudraeth is governed by its constitution. The Trustees Committee is not a Body Corporate, its composition, procedures, and powers are regulated by its Constitution, which provides that before assuming office every member must be a member ofTabernacl Penrhyndeudraeth. voted into membership as per Clause 9 of the Constitution. There must be at least three trustees, which will be either Elders or Deacons. Deacons 8re 8ppointed for a three-year term, but may be re-elected for many terms. Objectives and Activlties. Tabernacl Penrhyndeudraeth seeks to advance the Christian religion both locally and world-wide through like-minded organisations. The Trustees, objectives are to ensure that our church life seeks to fulfil this mission, both locally and more widely. Tabernacl Penrhyndeudraeth Trustees are aware ofthe Charity Cothmission's guidance on public benefit in'the Advancement of Religion for the Public Benefit'and have regard to it in the administration ofthe work. The Trustees acknowledge the importance of their working together to achieve the whole mission of the church, pastoral, evangelistic, and social need. It provides a benefit to the public by :_ A} Providing resources and facilities for public worship of God, pastoral care, Spiritual, moral, and intellectual development, both for its members and anyone else who wishes to benefit from what the church offers. B) Promoting Christian Values and service by members of the church to their cornmunities, to the benefit of individuals and society as a whole. The Trustees are responsible, inter alia for the financial budget and expenditure there under, 8nd any other action referred to in the Church Constitution. Achievements and Performance. Tabernacl Penrhyndeudraeth is keen to offer a range of services not only on Sundays, But also during the week. that our community will find both beneficial and spiritually fulfilling. Prayer Meetings are held on Wednesday Afternoons and Evenings. Through our connection with the South Gwynedd Foodbank, we have delivered supplies to several needy families and individuals in the area. We continue with the refurbishrnent and modernisation of Capel Tabernacl,, and have been able to transfer oursunday Evening Services, and some mid-week meetings there. However, it will take several more months to refurbish the property to fully meet our needs. Untilthen we wlll continue to meet in the Neuadd Goffa, as necessary. Review of Church Actlvitles. Please see the 8ttached reports following the financial report. Volunteers. The Church h8s benefited from the work of many volunteers, both members and non-members, and the Trustees would like to thankthem allfor making it a lively and vibrant community. Bankers. HSBC Bank, Porthmadog. Gwynedd. Policy for Holdlng Flnanclal Reserves. Unless a gift for a specif ic item such as a charitable appeal or BuildingiFabric Fund, it will be held in the General Fund. Statement of the Value of Financlal Assets 31" Dec 2024 Unrestricted Funds Restricted Fund8 Total Building & Reserve Account Current Account 36,280 102,059 138.339 39,405 102,059 141.464 Signed by Peterw R Campbell (Chair ofTrustees) on the 20 Q )Q e Services The main work ofthe church isthe gatheringforthe worship of God, and the preaching of His word has carried on overthe l8St year. We transmit Audio Recordings of our services online forthose unable to attend. We are again encouraged bythe small numbers of individuals who have started to attend our meetings for the firsttime over thisyear, although some other members have died or moved away. From 1°, March to 8t 31 May, Dave Owen a ministrytraineefrom Newtown Evangelical Church was seconded to us for work experience. Unfortunately, our pastor, Peter Campbell was off sickfrom mid-septemberto the end ofthe year. Thetwo remainingtiustees were greatlysupported by other church members, as well asvisiting ministers and members from other churches. Sunday School and Creche This has continued through the year with about 6 children attending regularly, more on some weeks, 8nd other children comingwhen theyare on holiday. There isteaching f rom the Bible and craft activities. We are grateful for the three helpers who run both activities, and a very good time of learning & fun is had by all. Youth Class Due to the increasing number ofyoungteenagers attending, it was decided to start a Youth Class (now known as the ? Class) which runs at the same time asthe Sunday School. This is led byone member, but alwayswith another member presentto meet the need of our Child Protection Policy. Mums and Toddlers This has continued throughoutthe year, and runs on a Thursday in the back room ofthe Neuadd Goffa. There are two helpers. Mothers, some ofwhom have on other links with the church attend with their children for craft, Bible Stories, cups of tea tor the Mums, squash, and fruit for the children. We are hoping to see this work grow by word of mouth and advertising in the village. as we feel it meets a real need. Explorers Children's Club This ran on a weekly basis during term time until the end of July. The difficult decision to postpone the work was taken due to the falling number of volunteers. About fifteen children of primaryschool age had attended each week. Ladles Meetings These are run twice 8 month on Thursday Mornings, afterthe Mums &Toddlers. About a dozen ladies attend where they have some meetings where they read a spiritual book, and some where they soci8lize. Open-Air The church continuesto support one of our members, John Bolger, and his team in their witness on the streets of Pwllheli and Porthmadog. John gives talks about the Christian message and hands out Christian literature. We support John in prayer 8nd by helping with his travel expenses. Awdit o Audit of Ca rrfon Ca el Tabernacl ar 01 Tabernacl accounts for the fl dd n2024 ear 2024 Er mwyn ymgymryd a'r awdit edrychwyd ar y dogfennau a baratowyd, sef.. In order to undert8k& the audit the following pr8s8nted items were examined." Ltyfrau siec cyfrif cyfredol Llyfrau talu mewn cyfrif cyfredol Llyfrau talu mewn cyfrif cadwladeilad yfrrflonni banc cyfrif cyfredol Cyfriflenni banc cyfrrf cadwladeliad Anfonebau Cysoniad banc Adroddiad ymddiriedolwyr (yn cynnwys y fantolen) Sytrwadau ar gyfer yr awdit CunBnt 8ccount cheque books Paying in books for the Cu￿nt account Paying in books for the building/reseNe account Currgnt a¢Ggunt bank statements BuildinffieseNe account bank statements Invoices Bank reconciliation Trustees Report (including the balance sheet) Notes for th8 audit Byddai wedi bod yn ddefnyddiol p8tai'r tsenlenni Conn8Ct Supply hefyd wedi eu cyflwyno. It would have been useful had the Connect Supply spreadsheets also been presented. 1. Cafivyd bod y symiau a dalwyd yn cydfynd gyda'r symiau a nodwyd ar y '$twb' yn y Ilyfr sieciau, yr anfonebau a'r cyfriflenni banc. 2. Cafwyd bod y symiau a dderbyniwyd yn cydfynd gyda'r symiau a nodwyd ar y 'slwb' yn y Ilyfrau talu i mewn, y cysoniad a'r cyfrifl8nni banc. 3. Yn y cysoniad misol a therfynol, roedd y cyfansymiau yn cydfynd gyda'r symiau ar gyfer pob pennawd fel y'i p8ratowyd. l. The amounts P8id matched the sums on the cheque stubs, the invoices and the bank statements. 2. The amounts receNed matched the sums on the paying in book stubs, the ￿ConCl118t10n and tha bank statements. 3. In the raconciliation the monthly and total amounts matched the amounts for each heading, as they had been presented. Roedd y doofennau i gyd wedi eu cyflwyno yn drefnus, yn 01 dyddiad, gyda thystiolaeth bod anfonebau wedi eu talu gyda sél bendith person arall, Ile'r oedd yn briodol. Roedd y dogfennau yn dangos aThveiniad clir tThYy'r gwariant ac incwm, yn hwyluso y gwatth o groeswirio'r taliadau. The files werp neatly presented in date O￿ler, with evidenc6 attached that each invoice had be8n paid with the seal of approval of another person, Whe￿ relevant. Th8 files showed a clear guidance through the expenditure and income, which facilitaled the work of crDSS-checking the payments. Serch hynny, gyda'r drefn newydd o ganations. Gift Aid tktlarntion IknIiAtions . Non Gift Aid Gift Aid Relief Bank Interest OtheT Receipts Sub T•t*l 7289 35.024 27.521 7J28 2,881 460 5220 30501 126.975 8.857 4,427 75 3.573 38.416 6S937 7J28 2081 460 80,503 122.491 176.055 Tirt•l Recelpl• 80.503 Unrestrlded Funds RutriL*cd FHDds A3 Payments Totsl FqMdJ Lajt Y•ar issionary Caw3 Expenses Cost of Spreading tbe Word Payroll Expcns¢s Adraini5tration Ex Ptof¢5sional ch￿e& Rent - Newdd Goffa Tabern￿] Building Expenses 7.462 3,611 34525 7.462 3.611 34,525 8,699 1,703 0.744 89.092 &345 2.665 24.819 A302 A303 104 A305 1,703 6,744 5,958 6,823 4,196 341 A306 89.092 Sub Tfytsl 61744 151.836 61.413 A4 Asset P¥reha8e Purcbase of Taberjjacl Building 196.433 Sub-Total Total Payments 62,744 89,092 51,836 61,413 Net Recei￿￿ (Payments) A5 Transfer IKtween Funds A6 Cash Funds last year end C￿￿ tsndi tbts y¢•r end 17.759 (47.104) (29,345) (59,454) Bl 21,646 149,l63 102 05935 170.809 141 25Q,641 191.187 Bl Tabernacl Pa>rh NOIES TO THE FINANCIAL STAJEMENTS Fiythr Ye¥r ended 31 21r24 F*•d• 7J12 150 7.312 150 7.462 7.462 &iio AX2 C*lof8y* IknW•r4 F4xd• io) 138 54 330 uj 370 216 37 101 1,760 216 37 101 1,7 B67 169 233 719 AJ•J hyY•YEJp* TO￿lF1￿ Ye F•M W•y 2022OIMRCblUpoh1ts2023 W•¥u 2024 2022 Ip•M kn 20231 3JJ7 27,41J 33.311 33,313 1.210 1,210 UDr•lri¢t•d T•tsl Lwt Ymr 33 157 3J 137 151 19 19 19 H*ith d S•f* Flre 471 1.803 4A71 1,749 70 337 337 ij 236 41 Elthdty 236 41 395 Twl Fa•th Lmty FMAd¥ Fu#d• 733 753 495 95 E267 Ek¢*iu114*k 1276 2,276 3J46 l.198 1,198 834 1476 17,414 A170 18JyJ 72 4) 4,4lS 12x1 2.476 17.414 18.270 720 4.5 4AIS 1220 2JlO 2.jlo 2216 1216 4,196 Tabernacl Penrhyndeudraeth SECTION B- STATEMBN"T OF'ASSET & LIABILITIES As ai 31 December 2024 Note Unrestrlcted funds Restricted funds Endowment fundj TotPdl Bl Cash Funds Building and Reserv¢ A¢¢ounl Currenl Account Total 36,280 102,059 138,339 3,125 141.464 39,405 102,059 B2 Otber Mooetsry Asset5 HMRC Gifi Aid Due HMIiC GASDS Due Tolal 4,856 617 5.472 4.856 617 5.472 B4 Aaieti r¢l•ln¢d for the charity'¥ owll uje Note Fund to wbleh AJ$¢t belongs Tabernacl Building Buildin¥- Restricted BS Liabilities Fund to which liablllty rela Amount dme (optfon#l) WbeD due (optlODal) Payroll Liabili¢ies,'HMRC Unrestricted T4tal one or two trustees on behalf of all the trustees Print Name Dat¥ ofA Tabemacl Penrhyndeudraeth Financial Actlvltles by Month January - De¢emb•v 2024 May Jun 2024 Aug Jan 2024 Fob 2024 Alar 2024 2024 Jul 2024 2024 Oct 2024 Nov ¥J24 I￿ 2024 Total InGOrn• nk Int•r8st 275.00 281.33 282.58 267a5 254.76 288.98 243M 248.88 220.74 180.29 204.75 2,W.94 27.500,00 7,289.00 2.500.IXI 25,QlO.IXI Donaikw. GA3DS Donatlons. Glft Ald D•Gl#rnl 530.00 445.00 444.00 658.IXI 613.(KI 496.00 949.IXI 6WI.LKJ 918.fxj 357.LKJ 2.718.00 705.IXI 2,418.IX) 2.318.IXI 2.658.(K 495.IM) 2,411.qXJ 2.191.Lfi 2.703.1)0 1,758.CQ 3.183.ts) 525. 679.00 1525.DO 435.CM) 2 145.IXJ 10.323. 875. 2.433.CKI 3,2S3.00 38,347.00 Tol•1 Don•Uon• 3m03.ffrj II378XKI 3267.111 3WXIJ £3A88.IJO 1177.110 £2,8￿.110 8.226£Q 143840fi 37,764IXI 14JWJ1 1.338.49 2.218.25 3.771.(Ki 7,327.74 0.00 3al• Of •wplu• I￿* 180.IXI Totsl om 11JOAIO OJYJ £ 200.00 30.00 £ 0 Tol•l In¢omo 091.23 .74 41 ng.75 195.35 122 Total 422&(¥J 1163U3 416626 3￿3.78 £8JI9123 £3,128A 6W6.74 1406429 41.739.75 141gOJ8 122A81.19 Tabemacl Ponrhyndoudraeth Balance Sheet A* of Dacomb•r 31, 2024 Total Total Flxthl Aw•t Ca•h •t b￿￿ In h•nd Bulldlng R••wv• Acmunt 138,339.37 3,014,80 141,36197 I41￿&3￿7 Total Ca•h It bank and In hwd Cr*lltor•: faHln9 d￿w1th1Tr •3n• y Cwr•nt LlabHIU•• Payrom LlabJllll•o HMRC .238.84 Total Payrnll U•bllNI• Total Cun•nt Lhblllll•• TolAI Cff4lltors: amount• fallng du• on• y•4r Totsl •*Ml# l•M eurrnftt Illbllld 141.lOU8 141,104 Charlty fvnds Qpmlng B•lanM Equlty R*alh•d E•mliig• 8urwU￿(DOftCM1 Total Charflyfvnd• 118,378.fj4 $2,319.72 49,593.78 I41.1￿63 Morthj. Jan 13, 2025 03Th11 sxn cpKro. Ca•h B•01