REGISTERED CHARITY NUMBER: 1180460 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 1023 FOR ThE BRIDGECHURCH, CARDIFF MHA Elfed Houss Oak Tree Court Cardiff Gale Business Park CARDIFF CF23 8RS
THE BRIDGE CHURCH, CARDIFF CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report ofthe Trustses 1 10 3 Independent Examinerfs Report ststement of Financial Activities Balance Sht Notes to the Flnan¢lal Ststsments 7 to 14
THE BRIDGE CHURCH, CARDIFF REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DE¢EMBeR 2023 The trustees Psent their report with the financial staternents of the charity for Ihe year ended 31 December 2023. The truste8s have adopted Ihe provisions of Ac¢ounling and Reporting by Charities.. Statement of R8cornmended Practice applicable lo charits'es preparlng thelr accounts In acwrdanee wth the Financial R¢porting Standard applicable In the UK and Republi¢ ol Irdand IFRS 102} (effective 1 January 20191. Objectives and alms The objects of the charity are, the advancernent of the christian faith in accordance with the Basis of Faith primarily but not exdusively within Cardlff and the surrounding neyhbourhood and such other charitable purposes as sh811, in the opinion of the charity tTUStees, Put into practice the Chrislian faith in accordance with the 8a515 of Faith, including bul not limited to.. the prevenDon and re14ef of need, hardship and sickness,. the advancement of education., 8nd the provislon of tscilrties in the interests ol social Welfa for recation or other leisure lirne o¢cupalion of individuals who have need of suth facilities by reason of their youth, ag9 infirmity or disability, financpl ha¥dship or sodal arcumstanee8 with the object of improving t1r Mnditions ol lrfe. Charitable purposes The charity's purposes and princips18ctivilies continue lo be the advancement of the ChristSan failh and the pulbng into practice of the Chrisb'an faith. These purposes are met through the operation of a church and its assoriated aGlivib"e5 such a$ SLtnday Senrices, monthly ¢lub$ arYJ activities for children of all ages as w811 as events that engage with k)eal community and wder wodd. Publlc beneflt The organisalion's Iwslees can confim Ihat they have given due regard to public b8nefil guidance published by the Charity cornrnlss. Significant activities thal we undertook during Ihe year that demonstrate public benefil are set out on the following pages. Actlvltles In 2023 we have malntalned an excelnt working relationship th the local primary scknl. where we meet for Sunday worship an<J Sunday evening Equip training sessions. As part ol that ongoing relationship wlth the school, and public benefit to our comrnunity. it has also be2n a loy to continue seNing the school through visiting for a5semUies, al which we speak to the children at)oul what Chrisfy'ans believe as part of th6r R81igion, Values and Ethics eurrieulum content. In aildition, in March we con¢Jucted some 'Peot Who Can Help Us, classroom sess)n3 linking with schod thorne5, at which we were able to 5har8 how Christians and Church Ministsrs are arnongsl (hose in society who can help us. In March, October and December we had the privilege of running workshops - on two occasions wth the whde school. i.e. 500 ¢hifdren- to teach about the Christian understanding of Easter. Harvest and Chiistrna5. 2023 Saw the Bge Church develop new partnerships with churches in Cardiff, includlng Llanlshen Evangelical Church and Park End Pr8sbyt8ri8n Church, for example in running joint Youth events. all part ol us deepenlng established partnerships across Cardiff, the UK, the wortd, with churches and organisalions th81 share our aims and beneft the wkler community. We continue to support and 5iak with organisations Ihal focus on compassion and advocacy, 5ueh as Home for G¢)od, Cardiff Ftsodbank, Oasis refugee ¢entre and the Tamar Project in Thailand. And in 2023 our t1 with Christians Against Poverty ICAPI w8rg strenglhened through a church member becoming the CAP centre manager and by the church supptying volunteers lo the work of CAP. We have 8150 continued our relats'onship5 with Christian Organisatn$ across the UK such as Wales Leadership Fowm. Partnership activities have ranged from prayer 5UPPOrt and sharing people resources and skilL8, through to and financial help. In lemis ol engagement wih arKI seNing the local wmmtjnity, other ¢onnecbons have incjuded members. attendance at the POntpllnau 'Police And Communities Together, IPACTI meetings and litter picking 4) the communty to build relatlon5hips wth community mernbers. At Easter we were unfortunately not aN8 to put on our usual community Easter Egg hunl, but instead through the innoVatn and creativity of Ihe membership, new ways We found ol making connections and showng care for the community. For example, 350 bunches ol daffodils and 40 Easter Eggs were distributed in Pontprennau and Penyn on Good Friday, vAth 33 volunteers worklng on groups to èchjeve this, from which we ceiVed rne5sages of thanks and appr8ciation. We also contiriued to work hard at engaglng the cornmunlty throttgh our soclal medla accounts, wilh our most engaged-wbth Fa¢ekKJok post for example, reaching 10,000 unlque Individuals, including 520 reactlons and 135 Comments. In February and April, 0'Bridge To¢s' parent and toddler session5 were put on at Pontprennau PThmary school, whlch were fully booked both times, with over40 people per s8s510n. In Augusl wè ran our'TrQngdom Quesf summer holiday club for children aged 5 - 11 years old. The ewenl was again a 9at Suc$8, with 40 volunteers servitWJ the 150 children attending over Ihe 3 days. as well as 40 parents ea¢h day attending the enLol-day'family time,. Ten of th8 farnilies attending ware new Community carhtacts. Pag8 1
THE BRIDGE CHURCH, CARDIFF REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Our youth wort( has contrnued to grow lan avarage youth me8Ung being 25 young people. and the joint youth events other churches up to 40 youth). The youth team has ¢ontinued to do an outstanding job during 2023. As more of the youth group are g&tting to challenging lif8 Stages IGCSES. A.levds, preparing to head off to University and the worfd of workl the youth work rernains a slaNe influence and encouragement in their Ilves and a souree of friendship and support The Youth Weekefid away was a real encouragernent in 2023. with 23 youth attendin9, SUPPOrted by 11 leaders, for three days exploritvj the Chrisb8n faith 8nd building relationships. At Christmas, we hosted our now traditional Carols by Candlelight $8rviea for th& community. att8nded by over 300 people. arKI sang caro15 in the stree15 of the community (which was linked with 300 Christmas lettefbox gifts. being distributed. receiwng encouraging community engagement in person and online in response. The local Nalfvity Trall was agaln set up foi the local comrnunity, th the addition tn 2023 of a natmty trail for thè Primary School on its grounds, using new n3bvity props sourced from a conta¢t in another local Church. We again ran our p8rennk81ty popular wreath-making evening, whith 61 people attended, one third of whom wero tMIng visitors from the community land several whom attended follow-up eventsl. The eury and quiz event was also again a gieat opportunity to invite lriends, family and contacts to get to know others in th8 church and hear the Christian message, wiul 45 men In attendance. These actniities maintained awareness of the church In the h)cal community, and led to new contacts, and we are so encouraged that the overall picture wlth all these annual events is increasing engagement from our local wmmunity and appreciabon ol our provision. We hav8 bè8n pl$a58d and grateful again in 2023 for ongoing opportunthes to serve tyjr local schod and commuTriiy, both in sharing about the Christian failh and helping wrth practical needs le.g. provlding a new hall projector for the school io show our SUPFX)rt and appreciation for their partnership). Th8 drfferent 8¢tivltie$ are slill Nn almost entirely by volunteers seNing alongsKle the two full tirne pastoral staff. Frorn June-August 2023 the thurch gave Pastor Matt Bownds a sabbatical for rest and lectIon, whieh we tnAst has be an encouragement and enabler for him, and ¥thlch also gave Assistant Pastor Dave LavAher the Opportunity to eryage in even more areas of church life and ministry. The church and Matt are grateful for Dave stepping into th8 baCh, and Matt has expSsed hls grBts"tudè to the church and elders for allowing him the refreshment of a sabbatical. The elders continue to on planning for future stsff, as it's becoming in¢asInglY clear that more resource is needed to support and serve 8 gr0ing congregation (see below). Bul it is sts"Il the case that almost all the activifjes run at the 8ridge Church woul# not be possible without the Input of volunteers on a weekly ba5Tr5. It continue5 to b8 larg81y volunteers who manage financ&. maintain our websSle, and run our inteTnal and external communir2tions and Social medi8 phtforns, all of which generate an increasing number ol interactions wth Ihe local community and across Cardiff. ACHIEVEMENT AND PERFORMANCE Ouring 2023 we have again been delighted that the (x)re numbers in attendance at our wegkty meetings have not onty stsy8d stable but have again grown. with over 200 people now attending on a busy Sunday. We We pleased to continue to welcome in more new members during 2023 whlch, evèn 1th sornè members moving away, gives a total membership of around 100 people. Our number of small groups has mults'plied to account for growng nurnbers. 2nd the number of youth me8ting5 in an av8rag8 rnonth has also b8&n increased as the nurnb8r of youth continues lo grow 18round 25 regularly 8ttendiro events). We continue to be very 9ratefvl agai¢7 to the financa managamÈnt téam. who volunt88r many hours to rn8inlain high standards of finance at the church. Part of our churth wsion and strategy continues to be thè èventual acquisition of our own premises tn the communlty, wh*ch would greauy expand our ability lo build relationships with local people and provide gater opportunities for both engagernent and public benef In 2023 we a¢lually got to the point ol making an offer on some multi-purpos8 olfice space, as rnenlioned In last yea$ twstse report. The Msion lor the PTemises wa5 to have a base lor the churchs two staff. have a physical footprint In the local eomrnunity and from which we could wn cornmunity-serving events such as parent and toddlei group5. Whi15t the particu18r premises were not acquired in the end, what w85 encouraging was th8 enthusiastic support of the church m8mbershtrp for the project. and lo that end we continue to be on the thkout lor pfftmises that will help us reath out into tsur Community and thereby meet our charitable obiective5. In summary, we are gratefvl to God once agan for new people joining us. new inibatives, new nt8¢ts with the comrnunity and Pro9SS in the advancement and practical outworking ol our most prec¥)us Christian falth. FINANCIAL REVIEW Financial position The financial results for the year ended 31 December 2023 are shown in th8 attached financial stat8rnents. Total income for thfr year was £187,973. total expendilure was £150,576 wilh a reported net sUlUS for the year of £37,397. At 31 December 2023 the Charity was holding cash at bank of£476,950. Page 2
THE BRIDGE CHURCH. CARDIFF REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REWEW ReseThe$ policy At 31 December 2023 the charity reported unrestric18d fkknds of £277,177. Of these funds. £88,300 are held in des¥)nated fttnds leavlny a gener81 lund balance of £208,877. After laking in lo account ftinds tied sjp In Irxed assets ol £2.338. the charity held fr8e r8$erves of £206,539. 114$ Ihe poli¢y of the charity to hold at least 3 months operational ¢o$ts in See$ and this has been refl8¢ted in a separate designated fund- Op8rational R8s8rve Fur¢d-, the general funds are in excess of this. Whil$l regular gniing has conbntsed slnce the yèar end. the trust885 are fully aware of the wntinued uncertainty results.j from the cost of living uisis and economic uncertainty and leel it prudent to hold extra reserves in light of this. STRUCTURE. GOVERNANCE AND MANAGEMENT Governln9 document The charity is a tharilable incorpordted organi¥ation ICIOI and is coniroled by its constlbjtn. Indudlon and tralnlng of new trustees New trustees and new elders afe ideniical. Th6 process for appointment of elders is set out In our constitution ancs church harnd0k. and this appolntment happens periodically when the oversight and leadership needs of the church dicate the appryntment of new elders is desirable. REFÈRENCE AND ADMINISTrATIVE DETAILS Roglstered Charlty number 1780460 Prlnclpal address Hlghfields Church Monthertnw Road Cardiff County of Cardlff CF24 4QW Truste•s SLEIis T E Hocking S M Smith M Bownds (Staff tru5te81 D Lawther Istsff Iwsteel Chair Independent Examlner MHA (trading name of Maclntyre Hudson LLP Limited li8bilily partnership in England & Wale5 Registered number OC312313 Elfed Htyjse Oak Tree Court Cardiff Gate Buslness Park CARDIFF CF23 8RS Approved by order of Ihe Board of Trustees on..32AothJ24............................ and slgned on Its beha by.. S L Elis - Chair Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRIDGE CHURCH, CARDIFF Indèpèndent examlnerf5 report to the trustees of Thè 8rldge Church, Cardlff I report to the charity trustees on my exarnination of the accounts ol The Bridge Church, Cardiff (the Trust) for the year efttled 31 Dècembèr 2023. Re5pon51billti85 and basls of r&port As the charity trustees ol the Trust YOU are r&snSible for the preparation of the accounts in ac&Ydanco with the tequiremenls of the Charitie5 Act 20111.the Act'l. I report in respect of my examination of the Trust's a¢nts rrIed out un¢er Section f45 of the Acl and in Carrying out my examinatlon I have followed all applicabl8 Diredions gwen by the Charity Cornrnis5ion under Section 14515)Ibl of the Independent examSner's statement I have completed my examinalion. I confirm that no maierial matters have com8 to my attention vi connection wth the examination gNing cause lo believe that in any rnaterial r8specl.' accounti records We not kept in respect of the Trust as rtquired by Seclton 130 of the Act," or the accounts do not accord with thos8 records,. or the accounts do not comply wSlh the appllcable requirement5 ¢on¢eming the fomi and content of accounts set out sn the Charities (Awunts and Reports) Regulations 2008 other tt)an any requiremenl that the accounts give a true and fair wew whlch is not a matter considered as part of an independent examination. I havè no concern5 and have Come across no tsther matter5 ITF wnneclion with the examlnation to which attention should be drawn in thy6 report in order to enable 2 proper undefslanding of the accounts to be reached. Julsa Mortimer FCCA MHA Itrading name of Maclntyr8 Hud50n LLPI Limited liability partnership in England & Wales Registered number OC312313 CARDIFF CF23 8RS Page 4
THE BRIDGE CHURCH. CARDIFF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Totsl funds 2022 Total fund5 Un$1cted funds Rèstrieted funds Notes INCOME AND ENDOWMENTS FROM Donations and legaciès 179.202 179.202 190,799 Charitable activities The promotion of Christiantty 1,636 1.636 1,637 Investment incom6 1,001 6.134 7.135 3.163 Totsl 181.839 6.134 187.973 195599 EXPENDITURE ON Charltable actlvltles The prornolion of chrisanIty 150,576 150576 172850 NET INCOME 31.263 6,134 37.397 22,749 RECONCILIATION OF FUNDS Total funds brought forward 245,914 192.929 438,843 416.094 TOTAL FUNDS CARRIED FORWARD 277,177 199063 476,240 The notes fomi p8rt of these financial statements Page 5
THE BRIDGE CHURCH. CARDIFF BALANCE SHEET 31 DECEMBER 2023 2023 Total funds 2022 Total furlds Unrestricted funds Reslricled lunés Notes FIXED ASSETS Tangib18 assets 12 2,338 2.338 3.058 ¢iIRRENT ASSETS Debiors Cash at bank 13 5.025 277,887 5.025 476 950 2,963 437 080 199.063 282,912 199,063 481,975 440.043 CREDITORS Amounts lalling du8 WithSn one year 14 {8.0731 18.0731 14,2581 NET CURRENT ASSETS 274 839 199.063 473 902 435,785 TOTAL ASSETS LESS CURRENT LIABIUTIES 277,177 199.063 476,240 438.843 NET ASS$ 277 177 199,063 476.240 438.843 FUNDS Unrestrtied funds Restricted funds 15 277,177 199.063 245,914 192,929 TOTAL FUNDS 476.240 438,843 The finanaal 5taternenls were approved by Ihe Board of fFUSto0s and authJrised for Issu8 on . and were signed on bts behall by. S L Elis- Chair The notes fom part of Ihe5e financial siatemenls Page 6
THE BRIDGE CHURCH. CAROIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATUTORY INFORMATION The 8ridge Church. Cardiff is a Charitable incorporalerl organis21ion registered in England and Wales under charity number 1180460. The principal adiJre5s is Highf181d5 Church. Monthemier Road. Cardrtr. CF24 4QW. The nature of ttle chariV5 operations and principal activit$ is disclosed within the Report of the Trust88S. The finaneial st8t8ments are presented in Steding 1£), th8 charws funeOnal curren¢y, and rounded to the nearest pound. The signthcant accounting polici¢s applied Sn the pparation of ihè$& financial statements are set out below. Th8s8 policies h8ve been consistently applied tts all years presented unless otheTrvise stated. ACCOUNTING POLICIES Basls of preparing the flnanclal ststèment5 The financial slatements of the charity, which is 8 public benefit entity under FRS 102. have been prepad in accordan with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Reeommended Practice ap1¢able to charities preparing their 8ccounl8 in accordance with the Financial Reporting Standard applt¢able in the UK and Rtrpu of Ireland IFRS 1021 (effective 1 January 20191,. Finandal Reportsng Stsndarij 102'The Financid Rewrting Stsndard applicable in the UK and Republie of Ireland, and the Charilie5 Act 2011. The finanrAal statements have been prepared under the hi5toric81 costconvenlion. The financial statements have been prepared to give a 'lrue and fa5¢ vlew and have dep>rt•d from the Charities (A¢Unts and Report51 Regu181ions 2008 only lo the extent to provide a 'true and fairf view. This departure has Involved following Ihe Accountin9 and Rep)rting by Charilie5-. Statement of Recommended Practice applicable to charities preparing Iheir a¢counts in accordance with the Financk41 Reporbng Stsndard applicable in the UK and Republi¢ of Ireland issued in October 2019 rather than the Accounting and Reportlng by Charilie5'. Staternenl of Recommended Practice effective from 1 April 2005 which has since been wlthdrawn. There have b8en no material departu$ from Financial R8porting Standard 102. Golng con¢ern The tn&slees consKYei that there arè no rnaterial nrtaIn8$ about the charity's ability to continue as a going concern and therefore il is appropriate for the charitys financial statements lo be prepared on a going concem basis. Ineomts I Income is reeognised in the Statement of Financlal Aetivitie5 once Ihe charity h85 entrfternent to Ihe fvnds, it i8 probable Ihal the income will be re¢elvètt and the amount can be measured reliaNy. Donations income include5 donations and gifts that provide core fvnding are of a gan8ral natur8 and recognlsed where there is 8ntitlernent, probability ol 1pt and the arnount can be rn8asured wslh slrfficient reliability- Such income is only defed when the donor sPerieS it must be used in future accounting periods or Ihe donor has imposed condltions whlch must be met b8fore the ¢harty has UnndIoal enUUemenL Incorne Irom charitae activIt$ In¢lud&s inwmo receiv9d under contact or where enlidemenl to grant funding is Subject to SP8C4fic perf0mian condib'ons. Thi5 income is re¢ognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured wSlh sufficient reliabilily. Income is defeired when the arnounts received are in advance of the performance of Ihe Service or event to which they relate. Investment income is recogni5ed on a re¢eivaUes basls. Expenditure L)ablliles are recognisgd as 8xpenditLtre as soon as there Is a legal or constructive obligation ccynmrtting the charlty to that expenditure, it is probable that a transfer of economic benefits will be required in seluemenl and the amount of Ihe obligation can be measure<t reliably. Expenditure is account for on an acCal$ basis and has been classified under headings that aggregate all ctsst related to the category. Vvhere costs cannot be ¢JifecUy attributed to particular headings they have bèen allocated to activit185 on a ba$1$ consi818nt with the u38 of resources. Charitablè exp8nditure comprises those costs lnujrd by Ihe tharfty In the dellyery of its activities and 5eMces for its beneficiaries. It includes both cost5 that can b8 allocated directly 10 such activit$ and Ihose costs of an indirect nature io support them. Page 7 continued...
THE BRIDGE CHURCH, CARDIFF NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER2023 ACCOUNTING POLICIES . contlnu&d Exp*ndltur¢ Support costs ar8 Ihose Costs that. whllsl necessary to deliver an activity, do not Ih9mselves produce or constitute the output of the charftable &clwly. This includ88 'Govemance ¢o$ts' which are those costs assorialed th meeth.ng the constitutional and statutory requirements ol the charity and Include the accoun¢an¢y lees and eosts linked to the str8tegic management ol the chadty as wdl as a proportlon of salaries based on an approXimatn of time spent in this area. Expenditure includes VAT ès the charity is not VAT registered. Tan9lble flxed assets Depreciation Ss provsded at the folbwng annual ratgs In order lo wrtte off each asset over Its estimated usgful life. Equipment 20Vo on cost As a registered charity the oryani88fjon is exempt from income and corporation tax to the extent that its income and gains are applicable lo charita& purposes only. Value Added Tax is not recoverable by the organisallon and is therefore included in the relevant costs in the Statement ol Financial Activibes. Fund aceountlng Unrestricted lunds can be used in accordance wth the ehgritaLle objective5 at the discretion of the trustees. Restrkted funds can onty be used foT particular restricted purposes wrthin the obj.ects of the charity. Restiiclions arise when 5pecifled by the donor or when funds a ralsed for particula¥ rostrictad purposes. Further explanation of the nature and purpose of eaGh fund is irKluded in the notes to the financial stsiemenls. Debtors Trade debtors arKI 0th8r d8btors are recognised at the setUement amount due after any trade disc(¥Jllts offered. Prtpaymènt$ are v8lu8d at the amount prepaid nel of any trade dlscounts due. Credltors Creditor5 are recognised where the charity has a present obligatron resulting Irorn a past event thal 11 probabty iesull in the transfer of funds to a Ihird party and the amount due to settle obligation can be measured or estimated lIablY. Cre(Sitors afe normally recogni58d at th8ir settlement amount after allowing ftsr any tradè discounts duo. Pension costs and othor postwrèllr¢ment bon•fits The charty operates a (Jefined contribution pension scherne. Contributions payable to the charity's pensi scheme are Charged to the Siaternent of Financial Activities in the pertod to whlch they relaÉe. Financial instruments The charity only has finanrial 8sset5 and finanryal liabilities ol a kind that qualify as baslc financial instruments. 8a5ic financial instrum8nts 8re nItiallY cognISed at transaction value and subsequently rnea5ured at their seitlgmenl value. Debtors wllh no stated interest rate and receivable wthin one year are recorded at transactlon pri. Any losses arising from impairmant are cOgnised in expenditu. Prep8yrnents are Valued at Ihe amount prepaid net of any trade discounts due. Creditor5 and provisions are r8cogni$ed where the charity has a presant obligatn resultitKJ from a past event Ih8t will probably result in the transfer of fun¢Js to a third party and the arnount due to setde the obli9alion ean be measured or estimated reliably. Creditor5 and provisions are nomially recognised at thelr settlement amount after allowlng for any trade diseounts dug. Page 8 conts"nued...
THE BRIDGE CHURCH. CARDIFF NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES 2023 2022 Donations Gift ai¢J Offering$ Other income Fundraising appeals 144,477 31,647 129,502 31,414 177 1,961 27,745 2.223 855 179.202 190799 INVESTMENT INCOME 2023 2022 Bank interest reNabl8 7,13S 3.163 INCOME FROM CHARITABLE ACTMTIES 2023 2022 Events 1,636 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 71 Support costs Isee note 81 Totals The promotion of Christianity 140,580 9.996 150.576 During the year. misson support was prow¢Jed to 512022- 61 organisations induding regular monknly support to Chrisbans In Sport, HKJhffeld5 ChUh, UCCF and Noddfa Church. During the year, the ¢hartty made donations of £16,156 which include5 donab'ons of £4.800 lo Christians Againsl P(wety & £4.000 to the Wales leadership forum for Ihe growiNJ churches proje¢t. DIRECT COSTS OF CHARITABLE A¢TIVlnES 2023 2022 Trustees, remuner&ts"on ek Truslees. expensès Rent Equipment Pastoral and pulpit Evangeli5rn Youth and Child Mission support Catering Events Donations Pastoral gift5 Sp8cial app8als 71.296 3.635 16,302 42 73.382 2,481 14.564 235 400 7,713 3,501 18,630 794 1,530 28.352 1,000 11.091 7,987 4,578 13,800 774 1,520 1,000 3,103 16,156 140.580 163,673 PAge 9 continued...
ThE BRIDGE CHURCH, CARDIFF NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DE¢EM8ER 2023 SUPPORT COSTS Governance costs Managemgnt Finance Tota The promotion of Christianty 720 3,000 9,996 Included within support costs ale Independent 8X8minatSon fees 01 £2,40012022- £2,400). TRUSTEES. REMUNERATION AND BENEFITS The following remuneratson Wds paid to trustees during the year.. 2023 2022 Trustee Role M Bownds D Lawlh6r Lead Minister Assistant Minister Salary including ponsio Salary including p8nsion 41,069 30.141 39.652 27,998 During Ihg year expenses of £3,635 (2022.. £2.48fl We paKI to the above trustees sn resp8Ct of bo allowances, training and travel expen$85. Payrn8nt is P8milled by virtue ol paragraph 5.2 of the constikntyon adopted 29 October 2018. Trust$. •xpen$•s There wer8 no b8nefils or expenses pald for the year ended 31 December 2023 or tor thè year ended 31 December 2022. 10. STAFF COSTS 2023 2022 Wages and salaries Social security cosls other pensKJn costs 65,679 e2,501 5.331 5,550 5.531 The average monthty number of employees rJurfrKJ the yearwas as follows-. 2023 2022 Average number ofernployees No ernployèè5 r8c8lV8d emoluments In excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Vnrestrlcted lunds Res(rfcled furK15 Total lunds INCOME AND ENDOWMENTS FROM Donations and legac$ 190,799 190.799 Charitable acti¥itle5 The pronx)tion of Chrislianlty 1,637 1.637 Inveslment incornt 48 3,115 3.163 Total 192,484 3,115 195.599 EXPENDITURE ON Charitable activlti8s The promots'on of Chiistianity 172,850 172,850 Page 10 continued...
THE BRIDGE CHURCH, CARDIFF NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER2023 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrestricted funds Restriled funds Total funds NET INCOME 19.834 3.115 22.749 RECONCILIATION OF FUNDS Total funds bmtsght fomard 226,280 189.814 416,094 TOTAL FUNDS CARRIED FORWARD 245.914 192 929 438,843 12. TANGIBLE FIXED ASSErs EquipTh8nt COST Al l January 2023 an¢5 31 Decernber 2023 DEPRECIATION At 1 January 2023 Charge for year 543 720 Al 31 Dectrmber 2023 1,263 NET BOOK VALUE At 31 December 2023 2.338 At 31 Dtscembor 2022 3,058 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Prepayments and accwed income 5.025 2,963 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social secuiily and oth8r taxes Aeerued expenses 1,124 6.949 1.038 3,220 Page11 eonbnued...
THE BRIDGE CHURCH. CARDIFF NOTES TO THE FINANCIAL STATEMENTS - contlnu¢d FOR THE YEAR ENDED 31 DECEMBER 2023 15. MOVEMENT IN FUNDS Net movement in funds Transfers be¢ween funds At 31112123 At 111123 Unrestrlcted fvnds General fund Designated- MisSn fund D8signat8d- Special Pro11$ fund Designat8d- Pastoral Needs fund 196,274 1.61S 45.500 40,783 17,1201 128,1801 15.780 6.000 208.877 10,275 51,500 6,525 245,914 31,263 277.177 Re6trl¢ted funds Building fvnd 192,929 6,134 199.063 TOTAL FUNDS 438.843 37,397 476.240 N8¢ m(wement in funds. induded In the above are as lollows.. Incoming resources Resources expended Movemenl in lunds UnrÈ$trl¢ted funds General fund Designated- Mission fund Designated- Pastoral Needs fund 181,559 80 200 1140,7781 17,2001 40.783 17,120} 181,839 1150,5761 31,263 Re5trieted funds Buildin9 fund 6,134 6.134 TOTAL FUNL)S 187.973 150.5761 37.397 Comparative$ for movgrnent In funds Net movernent in fvnds Transfers between funds At 111r22 31112122 Unrestrict8d funds General fvnd Design8ted - Mission fund Designated- Special Projects fund Designated- Pastoral Needs fund Designat8d- Mercy & Compassion Designated- Partnership 1T9,990 4.465 39,500 2.325 48.647 118,6301 132.3631 15.780 6.000 1,200 1,608 196,274 1,615 45.500 2,525 11,OOLII 11,6081 226,280 19.634 245,914 Rgstrl¢ted funds Building fvnd 189,814 3.115 192,929 TOTAL FUNDS 416,094 22,749 438,843 Page 12 conlnued...
THE BRIDGE CHURCH, CARDIFF NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 310ECEMBER 2023 15. MOVEMENT IN FUNDS- ¢ontlnu¥d Comparative nel movement in lund5, included in the above are as fojlows.. Inming resour$ Resources expended Movement in fund$ Unr8strlct•d lunds General fvnd Designated - MissKJn fvnd Designated- Pastoral Needs fvnd Designated- M8rcy & Compassion Designated- Partnershlp 190.778 1142,1291 118.6301 11.0001 13.3161 48,647 118,6301 {1,0001 11.8081 1,708 192.4B4 1172,8501 19,634 Re$trlcted funds BulldSng fund 3.115 3.115 TOTAL FUNDS 195.599 172 8501 22.749 Deslgnated fvnds Special projects- set up by the trustee5 to support Special projects IA the area of Pontprennau. Misslon lund- intended to provide rni8sion support to Church missionaries in Thailand and other mission projeets in the UK and 8roLtnd th8 worfd. Pastoral fiJnd- set up by the trk15tees as 8dditional fttrnds set aside for Pastoral Needs. Restricted funds Building fuFkd- funds re¢elved ¢owards the futthre purchase or rental of a church building in P0nrennau. During th8 year, interest reiVed of £403 on restricted bank funds have been applied to the fund. Prtor ear onl D0gnatQd ftsnds Mercy & Compassion fund- Set up by the twsiees ¢0 proactively support th8 n88d5 With the church or¢ommunity should they arise. In particular, the Cost of livino crlsls in the current elimate. Parinership fund - Set up by Ihe trustees ro (xjver giftslsupport to organlsations that they'partner, th - such as chriskn.ans In swrt or UCCF. Transfers b0¢en funds Durlng tha yèar th8 following transfers were made from the general fund.. Transfers of £15,780 to the Designated- Mission fund Transfer5 of £6.0(X) to the Designated - Spe¢Aal Projects fiJFHJ Transfers of £6,400 to the Designated - Pastoral Needs furld All tfansfers We made to set 8si(18 funds for inrxe85ed support ¢0 these areas ol work or to ensure the fund balances were in lin$ wlh that approved by Ihe Trustees. Page 13 conlinL*ed...
THE BRIDGE CHURCH, CARDIFF NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 16. EMPLOYEE 8ENEFIT OBLIGATIONS The chaTTty operate5 a defined contribubon pension s¢heme. The asseis of the scheme are held 58parately fiom Ihose ol tho charity in independently administeied funds. The p8Tr5ion cost charge r8pres8nt$ contribution5 paid by the ¢harity to the fund arnounted to £5.531 12022 - £5,550). There were outstanding contributions al Ihe year end of £46112022- £428). 17. RELATED PARTY DISCLOSURES The total unconditional donations made to th8 charity by its trustees and dosè family membets amounted to £22,86012022.. £23,6351. Durlng the PriOT yèar 8 payrnent 01 £4,000 was m8de to a registered charity with a common Trustee in respect of Mission Support. There were no other relased paty transaction5 requiriry disdosur8 for the year ended 31 1)e¢ember 2023 or year ended 31 December 2022. Page 14