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 Sh￿t
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 P￿sent 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 rec￿ation 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 t￿￿1r 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 excel￿nt 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 th6*r R81igion, Values and Ethics eurrieulum content. In
aildition, in March we con¢Jucted some 'Peo￿t 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 B￿ge 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
Organisat￿n$ 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 POntp￿llnau '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
innoVat￿n 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 Pen￿yn 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
9￿at Suc￿$8, with 40 volunteers servitWJ the 150 children attending over Ihe 3 days. as well as 40 parents ea¢h day
attending the enL*ol-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 $8rviea for th& community. att8nded by over 300
people. arKI sang caro15 in the stree15 of the community (which was linked with 300 Christmas lettefbox gifts. being
distributed. receiwng encouraging community engagement in person and online in response.
The local Nalfvity Trall was agaln set up foi the local comrnunity, ￿th the addition tn 2023 of a natmty trail for thè
Primary School on its grounds, using new n3bvity props sourced from a conta¢t in another local Church. We again ran
our p8rennk81ty popular wreath-making evening, whith 61 people attended, one third of whom wero ￿t￿MIng visitors
from the community land several whom attended follow-up eventsl. The eury and quiz event was also again a gieat
opportunity to invite lriends, family and contacts to get to know others in th8 church and hear the Christian message, wiul
45 men In attendance. These actniities maintained awareness of the church In the h)cal community, and led to new
contacts, and we are so encouraged that the overall picture wlth all these annual events is increasing engagement from
our local wmmunity and appreciabon ol our provision.
We hav8 bè8n pl$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 b￿aCh, and
Matt has exp￿Ssed 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 gr0￿ing 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 g￿ater 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 Pro9￿SS 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 sU￿lUS 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$ts in ￿Se￿e$ 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 constlbjt￿n.
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 harnd￿0k. 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&s￿nSible 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￿$1￿cted
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 chris￿anIty
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 fune￿Onal curren¢y, and rounded to the
nearest pound.
The signthcant accounting polici¢s applied Sn the p￿paration of ihè$& financial statements are set out below.
Th8s8 policies h8ve been consistently applied tts all years presented unless otheTrvise stated.
ACCOUNTING POLICIES
Basls of preparing the flnanclal ststèment5
The financial slatements of the charity, which is 8 public benefit entity under FRS 102. have been prepa￿d in
accordan￿ with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
Reeommended Practice ap￿1¢able to charities preparing their 8ccounl8 in accordance with the Financial
Reporting Standard applt¢able in the UK and Rtrpu￿￿ of Ireland IFRS 1021 (effective 1 January 20191,. Finandal
Reportsng Stsndarij 102'The Financid Rewrting Stsndard applicable in the UK and Republie of Ireland, and the
Charilie5 Act 2011. The finanrAal statements have been prepared under the hi5toric81 costconvenlion.
The financial statements have been prepared to give a 'lrue and fa5¢ vlew and have dep>rt•d from the Charities
(A¢￿Unts and Report51 Regu181ions 2008 only lo the extent to provide a 'true and fairf view. This departure has
Involved following Ihe Accountin9 and Rep)rting by Charilie5-. Statement of Recommended Practice applicable to
charities preparing Iheir a¢counts in accordance with the Financk41 Reporbng Stsndard applicable in the UK and
Republi¢ of Ireland issued in October 2019 rather than the Accounting and Reportlng by Charilie5'. Staternenl of
Recommended Practice effective from 1 April 2005 which has since been wlthdrawn.
There have b8en no material departu￿$ from Financial R8porting Standard 102.
Golng con¢ern
The tn&slees consKYei that there arè no rnaterial ￿n￿rtaIn￿8$ 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 defe￿d when the donor sPe￿rieS it must be used in future accounting periods or Ihe donor has
imposed condltions whlch must be met b8fore the ¢harty has Un￿ndI￿o￿al enUUemenL
Incorne Irom charita￿e 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 acC￿al$ 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 lnujr￿d 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$ts' which are those costs
assorialed ￿th meeth.ng the constitutional and statutory requirements ol the charity and Include the accoun¢an¢y
lees and eosts linked to the str8tegic management ol the chadty as wdl as a proportlon of salaries based on an
approXimat￿n of time spent in this area.
Expenditure includes VAT ès the charity is not VAT registered.
Tan9lble flxed assets
Depreciation Ss provsded at the folbwng annual ratgs In order lo wrtte off each asset over Its estimated usgful life.
Equipment
20Vo on cost
As a registered charity the oryani88fjon is exempt from income and corporation tax to the extent that its income
and gains are applicable lo charita￿& purposes only. Value Added Tax is not recoverable by the organisallon and
is therefore included in the relevant costs in the Statement ol Financial Activibes.
Fund aceountlng
Unrestricted lunds can be used in accordance wth the ehgritaLle objective5 at the discretion of the trustees.
Restrkted funds can onty be used foT particular restricted purposes wrthin the obj.ects of the charity. Restiiclions
arise when 5pecifled by the donor or when funds a￿ ralsed for particula¥ rostrictad purposes.
Further explanation of the nature and purpose of eaGh fund is irKluded in the notes to the financial stsiemenls.
Debtors
Trade debtors arKI 0th8r d8btors are recognised at the setUement amount due after any trade disc(¥Jllts offered.
Prtpaymènt$ 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 obligat￿n 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 re￿Nabl8
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 ChU￿h, 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- MisS￿n fund
D8signat8d- Special Pro1￿1$ 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..
In￿ming
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$trlcted funds
BulldSng fund
3.115
3.115
TOTAL FUNDS
195.599
172 8501
22.749
Deslgnated fvnds
Special projects- set up by the trustee5 to support Special projects IA the area of Pontprennau.
Misslon lund- intended to provide rni8sion support to Church missionaries in Thailand and other mission projeets
in the UK and 8roLtnd th8 worfd.
Pastoral fiJnd- set up by the trk15tees as 8dditional fttrnds set aside for Pastoral Needs.
Restricted funds
Building fuFkd- funds re¢elved ¢owards the futthre purchase or rental of a church building in P0n￿rennau. During
th8 year, interest re￿iVed of £403 on restricted bank funds have been applied to the fund.
Prtor
ear onl
D￿0gnatQd ftsnds
Mercy & Compassion fund- Set up by the twsiees ¢0 proactively support th8 n88d5 With the church or¢ommunity
should they arise. In particular, the Cost of livino crlsls in the current elimate.
Parinership fund - Set up by Ihe trustees ro (xjver giftslsupport to organlsations that they'partner, ￿th - such as
chriskn.ans In swrt or UCCF.
Transfers b0¢￿en funds
Durlng tha yèar th8 following transfers were made from the general fund..
Transfers of £15,780 to the Designated- Mission fund
Transfer5 of £6.0(X) to the Designated - Spe¢Aal Projects fiJFHJ
Transfers of £6,400 to the Designated - Pastoral Needs furld
All tfansfers We￿ made to set 8si(18 funds for inrxe85ed support ¢0 these areas ol work or to ensure the fund
balances were in lin$ 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