2023-03-31-accounts

Trustees, Annual F¥eport for the period From . Period start date AAVII 2022 To Period end date 31 March 2023 Section A Reference and administration details Charity name Mount Zion Ba tist Churth Cardi Other names charty is known by ' None Registered charity number (if any). J181382 Charity's principal address Prio Cardi Ceredi Street an ion &443 18U Names of the charit trustees who mana T￿stee name Ice lif any) the charil Datas acted if noi for whole year Name of person (or body) entitled to nl trustee rfan Malcolrh Andrew Cunnin ham Stanle Kirb Peter Sanders David Stevenson Meirion Thomas 11412022 - 2411 or2022 Paul Clarke 2411012022 - 311312023 Names of the truslees lor the charity, if any, (for example, any cuslodian IrusteÈs) Treasufer Name Dates acted if not for whole ar Names and addresses of advisers (Optional infomiation) of advisèr Name Address Name of ch¢ef exKulive or names of senior staff members ional infomation Mount Zion Baptist Church, Cardigah FY 2022123

Section B Structure. governance and mana ement Description of the charrty's trusts Type of governing document Constitution How the charity is Constituted Association Charitable Incorporated Organisalion {ClO) Trustee selection methods leg. appointed by, elected by) By election by members following consideration and recommendation by existing trustees. Additional governance issues (Optional infcmiation You may choose to include Incorporation additional information, where The Gharity is an AssocAation Charitabl6 Incorporated Organisation with relevant, aboui.. assets and activities having been transferred to the CIO on 121 April 2019. policies and proccdures adopted for the induction and training of trustees. Church Doacons and Ministor (The Trustees) Deacons and Ihe minister (who are the charity trustees) a￿ responsible for giving leadership to the church, managing its finances and overseeing its buildings and activilies. The former minister resigned with effect from 311812021 and a new minister has not yet been appointed. the chaTity's organisalional structure and any NNuder network with which the clwity works. Church Elders The Church had four elders to assist the Pastor with pastoral and spiritual duties. relationship with any related partie& Other Networks - Churches Together in Cardlgan The Charity works with three other Cardigan churches on joint projeds such as the Summer Family Fun(lay. Annual Cood Friday March of Witness and Open Air Service. These ￿sUMed to some limited extent in FY2022123. trustees, wllsideration of major risks and the system and pn)cedures to mana¥¢ them. Risk Management A Risk Register exists for all major risks and is reviewed by the Trustees at least annually. The thartty has a number of separate documents covering risk including.. Health and Safety Safeguarding and Protection Policy Periodio Risk Reviews of the buildings the charity occupies. Data Protection Social media use Inancial risks are managed by the preparation of budgets and regular review of expenditure and income by the trustees. Budgets and financial performance against budget are also reported to the Members at least Mice annually. The chaiity holds all the usual InsUran￿S.. motor, public and empbyee liability, buildings and content5 insurance. Mount Jon Baptist Church, C8rdigan FY 2022r23

Section B Structure, overnance and mana ement Coronavirus While the Covid-19 pandemic is effectively over, this affected the operation of the charty for the whole of the financial year. The recovery to pomial since the pandemic has been slow, which affected the financial y8ar1202212023), namely= . addre8sing financial changes e.g. redu￿ giving and Changes in 'costs', continuing to ensure that the needs of people in the church are addressed e.g. resuming certain church meetin9s, holding baptisms, etc. Continuing to provide as many Services as possible digitally and in other Yffiy5 such as by post The leadership of the charity met regularly (by video link and in person) to manage the charity. Section C Ob ectives and activities The principal purpose of the Church is the advan¢%ment of the Christian farth accordin910 the principles of the Baplist denomination. The Church may also advan￿ education and cary out other ¢haritable purposes in the United Kingdorn andlor other parts of the world. Summary of the oilects of the charity set out in tts goveming document The advancement of our faith includes caring for those wrthin the Church and also in the wider Communit locall and loball Summary of activities undertaken frjr the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard lo the guidan￿ issued by the Charity Commission on public tenefrt) The Charity Trustees are aware of th8 commission's public benefit guidance and 'have regard, to it vthen making dec4sions in relation to the main activities to which the guidance is relevant. Main activities are sumrnarised below. The charity is a Christian church that has been seTring God and our community in Cardigan for over 140 years. Our mission is to help people en¢ountér Jèsus in a way that ¢hange$ them forever. We do this in Iwo ways.. by sharing the Good News of Jesus Christ (the Gospel} and by helping and caring for people in our local community and elsewhère in the world. Our work towards this is summarised below". Weekly worship The weekly Sunday service had resumed and was live streamed and published on YouTube. A pre-service prayer meeting in the Church was held in-person. Othèr fomial study, worship and fellowship meetings includ•d: At the stsrt of the year a number of groups met using Zoom video Gonferencin9'. House group$ Prayer meetings Mwnt Zion Baptist Church. Cardigan FY 2022r23

Section C Ob ectives and activities Monday night prayer and Friday moming prayer at the Mount Zion chapel has fully resumed. A number of groups met in person when Covid restrictions were relaxed enough to allow this, and have since continued to some exient, and these will later transfer baok to the Church building for in- person meetings.. A Bible study group A women's meeting. Youth Clubs (community work): The Mount Zion Youth Centre holds regular Friday meetings, which have fully resumed. Our youth attended the CCIW Youth Camp in August 2022 and it is anticipated that a CCIW youth camp will occur in August 2023. Our additional community work: The following activities took place including.. Operating a bookshop Gifts to other charitable organisations including to charities which help people in need overseas gnd to assist wilh a local Food Bank Care Team Education and Training: An Alpha Course lan introduction to the Christian faithl was held in-person. Mount Zion Baptist Church. Cardigan FY 2022123

Section C Ob'ectives and activities Athjitional details of objectives and activities (Optional infomation) This section of our report provides some additional detail about M￿eY we have given lo other organisations the imwrtant Contributi￿ of voluntsèrs to our charity. Gifts Our financial giving was able to continue during Ihe pandemtc and the charity made donations to a number of other charities during the year, th total amount of giving of £60711 (including tax recovered) - this was lo support our goal of caring for those wrthin the Church and also in the wider community locally and globally. Occasionally gifts are made to Fersons suffering financial hardship or who need support. Volunleors Volunteers are key to the successful operation of the chaiity although the amount of volunteer work was greatly curtailed by the pandemic. Key tasks l activities and the numbers involved (in brackets) inGlude'. You may choose to include further statements, where relevant, aboul.. licy on grant making: Treasurer, Book-keèper, Gift Aid & Payroll Administrator (2) Church Secretary11) House group leaders (4) Stewarding for Sunday services {10) Sarnau Community Church (71 Kitchen Supervisor and SeNers {12) Media I Sound Supervisor & Team {9) Missions Co-ordinator & Team {3) Alpha courses (31 Music Group Leader and Musicians (8) Kidz Club18y Youth Director and Youth team {9} Junior Church teachers and Creche (7) Bookshop Volunteers (7) Care Team (12) Care Homes Ministry {O- no services in this period) Coffee Moming Organiser I helpers (O- no session$ this period) Flower Rola & Crafi Club (1) Website Manager and Administrator {1} M8dla productlon and management {1} policy progrdmme related investment. contribution made by volunteers. The Organisation and activity for Sunday Worship requires a largè number of volunteers {many of whom cover mults.pte activities), and approximately 70 have been active. Mounl Zion Baptist Church, Cardigan FY 2022r23

Section D Achievements and performance Summary of the main achievements ol the charily during Ihe year This Section contains a summary of our achievements in four areas of our work which continued during the pandemic followed by a véry brief summary of the remaining areas. The areas covered are.. Worship services Youth Work Gifts to other charities Wam Spa￿SIshaFed Loaf Worship Services Our nom)al Sunday service has fully resumed. Once we could meet in person for Sunday worship we also chose to INeaStream the services. Our YouTube channel is.. htt s:IthM. outu￿.cOM1Ch3nneVuCFwZ7h6zEtB$dT -fDJ During the year approxlmately 55 services were live streamed Servi￿ and published online. the everage number of views was approximately 100 per servi Youth Work Our youth meeting5 are open to all. Youth Centre The new Youth Centre, in the Lower Vostry, at Capel Ta￿erna¢1 in Cardigan town centre, is now fully open and in use. This provides a large Spa￿ similar in size to the sanctLtary of our Priory Street charel l)uilding. CCIW (Christian Camps in Walea*_ summer camp at Tywyn) The summer camp at Tywyn was held in 2022 and attendance is planned for 2023. Kidz Club.. Primary Age Children {8-12 children and open to all) mostly from families not in the Church. We served a Christmas dinner for the parents of children at Kidz Club. Youth Work Team: The y￿ith Director is responsible for the spiritual and practical well-being of the many children from Cardigan and the local communily who attend our children's and youth dubs, which run weekly durin4 school term-time. There is also a part-time youth worker, and a number of volunteers assist the paid staff in running the children's and youih meetings. Gifts - Financial and Support for Other Charities The Church provided financial and other support to other charities as part of our aim to care form and help those in need in our l¢xal area and elsèwhere - to show love lo those in need around the worfd. As well as mO￿Y the Church congregation filled shoeboxes with Christmas gifts and provided toiletries for a local charity. The Church congregation filled shoeboxes for the Shoebox Appeal for Bl hswood Care in Autumn 2022 that were distributed in Mount ZI￿ Baptist Church, Cardigan FY 2022r23

Section D Achievements and performance East8m Europe The Church also gave Blythswood Care £9LKJ to help fund the distribution of the shoeboxes. Each box brings such joy and hope to individuals of 811 ages who otherwise might have no sense of God's love at Christmas and is a way tor u$ to show God's love to our neighbour. The Church gave £1,800 to Support work of Boureima Diallo in Burkina Faso at the Jam Tan Centre and through the Fulani NebNork extending the reach of the Gospel. The Church also supported the BMS Worfd Mission £1200 Good News for Everyone £1200 Ty Cariad £2100 to help orphaned and abandon8d children in Uganda Wami Spaces I Shared Loaf During the wnter period 2022123, we opened our church vestry to provKl8 ￿arni space. welcome andfoodldrink to both church and non-church communty members, supported by volunteers and we received £909 from the local atsthority to help us to do this. Our •total SUPKXXI for Warm Spaces & Shared Loaf amounted to £1387. Homes for Ukraine The churGh housed a Ukrainian family in its mans& (the minister's house) as part of the govemmenl Homes for Ukraine scheme. making use of a property which was empty while the church was without a minister. An extended family of five was housed and suppcA1ed by the church from September 2022 8nd was still in resKlence at the end of the financial year. The church also supported another family induding helping them find aC￿mMOdatiOn in the Cardigan area. Summary of other achievements The achievements telow are aligned to our objective of advancing the Christian faith.. House Groups Two House Groups continued to meet during this period proving fellowship and spiritual and practical support The other groups were inaclve in the period. Ipha Course e church ran ils eighth Alpha course in 202210 present t Christian gospel which conlinued into the cuirent reporting period. Mount Z¥)n Bapli$t Church, Cardigan FY 202¥23

Section D Achievements and performance The achi•vem8nts below reflect our goal of carlng for those in our Church and the wider ccmmunity: Care Team Volunteers from the ￿gUlar congregation help both regular worshippèrs and local Feople with practical help and social visits. Bookshop The Church runs a Christian bookshop in Cardigan town centre whiGh has been D￿n now that Covid restrictions have been lifted. ounl Zion Baplisi Church, CardKJ8n FY 2022123

Section E Financial review Brief statement of the charity's poiicy on reserve8 The charty aims to hold unrestricted funds to cover 3 months, expenditure. Ai the close of the finanaal year 202212023 unrestrTCt8d cash held was in excess of 3 months expenditure. Details of any funds materially in deficit o funds in defiGiL Furtherfinawal reviewdetsils tional information) You may choose to indude additional infomation, where relevant aboLrt: The Trustees review the financial position each month and actions are to reduce costs to offset the reduction in giving and other income, xample reviewing utility Costs. This is an ongoing pro￿$$, with the aim to ensure that unrestricted reseNes do not fall below 3 months eXpend￿ureIst the end of the financial year unrestrlcled reservès mbers and regular worshippers are encouraged to give via the Gift Aid heme and during 202212023 this source of income was £60711, including £13937 tsx recovery. • the charity's Principal sources of funds (including any fundraising)" how expenditure has supported the key objectives of th¢ charity. The regular financial support of methbers and worshippers enabled the cthrty to employ not only a full-time minister (for part of the year) but also a part-time youth worker and other part-time staff to support its work in the community. investment policy and objectives including any ethical investment policy adopted. The church also re￿Ived £3,909 from the govemment to support its work {from the Wam) Spaces scheme and Homes for Ukraine scheme). Given the current low rate of inlerest on cash balanc6s. the church does currently hold any inv8Stm8nts. It r81i8s upon and uses regular giving lftl its objectives rather than building up capitsl reserves. It is ipated thal an investment policy will be adopted dunng 202312024 should it be found necessary to invest surplus funds. Section F Otiier optional information This is the sixth full year of the church's separate registration as ¢iiartty. (It previously operated under the umbrella of the Baptist Union of Wales). We are mindful of the incxea81 continued managing our Risk 0veMan￿ requirements placed upon charities. During 202212023 we Mount Zion Baptist Church, CardEarr_ FY 2022123

Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the tharity's trustees Signaturelsl Full namels) Position (e.g. Secretary, Chair, etc) I IU'sTCe6 Date Mount Zion Baptist Church, Cardigan io FY 2022123

Mount Zion Baptist Church	Mount Zion Baptist Church	Charity No (if any)	1181382
Annual accounts for theperiod
Period start date 01/04/22	To	31/03/23

Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities
Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 Total S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 Total S12 S13 Net gains/(losses) on investments S14 Net income/(expenditure) S15 Extraordinary items S16 Transfers between funds S17 Gains and losses on revaluation of fixed assets for the charity’s own use S18 Other gains/(losses) S19 Net movement in funds S20 Reconciliation of funds: Total funds brought forward S21 Total funds carried forward S22 Recommended categories by activity Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses):	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds
	81,009	7,213	-	88,222	80,751
	-	6,159	-	6,159	5,516
	-	-	-	-	-
	-	-		-	-
	2,155	-	-	2,155	2,515
	-	-	-	-	-
	83,164	13,372	-	96,536	88,782
	-		-	-
	76,741	14,264	-	91,005	90,051
	-	-	-	-	-
	-	-	-	-	-
	76,741	14,264	-	91,005	90,051
	6,423	- 892	-	5,531	- 1,269
	-	-	-	-	-
	6,423	- 892	-	5,531	- 1,269
	-	-	-	-	-
			-	-	-
	-	-	-	-	-
	-	-	-	-	-
	6,423	- 892	-	5,531	- 1,269
	217,387	22,298	-	239,685	240,954
	223,810	21,406	-	245,216	239,685

Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 1

Section B Balance sheet

Guidance Notes Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 B18 Unrestricted funds B19 Revaluation reserve B20 Total funds B21 Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27) Signed by one or two trustees on behalf of all the trustees	Guidance Notes Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 B18 Unrestricted funds B19 Revaluation reserve B20 Total funds B21 Creditors: amounts falling due within one year (Note 20) Creditors: amounts falling due after one year (Note 20) Restricted income funds (Note 27) Signed by one or two trustees on behalf of all the trustees	£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds	£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds	£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds	£ F04 Total this year	£ F05 Total last year	£ F05 Total last year
			-	-	-		-
		171,430		-	171,430		171,488
		-	-	-	-		-
		-	-	-	-		-
		171,430	-	-	171,430		171,488
			5,863	-	5,863		6,869
		11,421		-	11,421		13,526
				-	-		-
		46,392	15,634	-	62,026		52,213
		57,813	21,497	-	79,310		72,608
		5,434	90	-	5,524		4,411
		52,379	21,407	-	73,786		68,197
		223,809	21,407	-	245,216		239,685
		-	-	-	-		-
		-	-	-	-		-
		223,809	21,407	-	245,216		239,685
		-			-		-
			21,407		21,407		22,299
		223,809		-	223,809		217,386
					-
		223,809	21,407	-	245,216		239,685
		Signature		Print	Name		Date of approval dd/mm/yyyy

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• the Statement of Recommended Practice: Accounting and Reporting by Charities

• • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.* Yes

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The charity aims to maintain a cash balance of 3 months the conclusion that the charity is a going expenditure. Balanced budgets are prepared annually, concern; performance against budget monitored monthly by trustees and reported to members half-yearly. A monthly Bank Reconciliation is completed monthly and reported to trustees. None

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and

(iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

No material prior	year error	have been identified in the reporting period (3.47 FRS 102 SORP).
Yes No	ü	* -Tick as appropriate

Please disclose:

(i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of period £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

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Section C Notes to the accounts (cont)

Section C	Notes to the accounts	(cont)	(cont)	(cont)
Note 2 2.2 INCOME	Accounting policies	Yes No N/a
This standard list of accoun different or additional policy	ting policies has been applied by the charity except for those ticked "No" or "N/a". Where a has been adopted then this is detailed in the box below.
Recognition of income Offsetting Grants and donations Legacies Government grants Donated goods Support costs Volunteer help 2.3 EXPENDITURE Liability recognition Redundancy cost Deferred income Creditors Provisions for liabilities 2.4 ASSETS Intangible fixed assets Heritage assets Investments Debtors Current asset investments Tax reclaims on donations and gifts Contractual income and performance related grants Donated services and facilities Income from interest, royalties and dividends Income from membership subscriptions Settlement of insurance claims Investment gains and losses Governance and support costs Grants with performance conditions Grants payable without performance conditions Basic financial instruments Tangible fixed assets for use by charity Stocks and work in progress POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE	These are included in the Statement of Financial Activities (SoFA) when: The charity has received government grants in the reporting period The charity has incurred expenditure on support costs. AND LIABILITIES The charity made no redundancy payments during the reporting period. No material item of deferred income has been included in the accounts. These are capitalised if they can be used for more than one year, and cost at least £300.0 They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. They are valued at cost. They are valued at cost. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. They are valued at fair value except where they qualify as basic financial instruments. · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required o permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.
		ü
		Yes No N/a
		ü r
		Yes No N/a
		ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
		ü
		Yes No N/a
		ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
		ü
		Yes No N/a
		ü
		Yes	No	N/a
				ü
		Yes No N/a
				ü
		Yes	No	N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
		ü
		Yes	No	N/a
				ü
		Yes No N/a
				ü
		Yes	No	N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
		ü
		Yes No N/a
		ü
		Yes No N/a
		ü
		Yes No N/a
		ü
		Yes No N/a
				ü
		0 Yes No N/a
		ü
		Yes No N/a
				ü
		Yes	No	N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes No N/a
				ü
		Yes		N/a
		ü
		Yes		N/a
				ü
		Yes No N/a
				ü

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Other: TOTAL INCOM Other informati Donations and legacies: Charitable activities: Other trading activities: Income from investments: Separate material item of income:	Analysis	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds
	Donations andgifts	20,657	2,895	-	23,552	16,491
	Gift Aid	56,393	4,318	-	60,711	64,259
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	3,959	-	-	3,959	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donated goods, facilities and services	-	-	-	-	-
	Other	2,155		-	2,155	2,515
	Total	83,164	7,213	-	90,377	79,473
		-	6,165	-	6,165	5,516
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	6,165	-	6,165	5,516
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-
	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	E on:
		83,164	13,378	-	96,542	84,989
All income in the prior year was unrestricted except for: (please provide description and amounts)		£6,784 was restricted income comprising: £2427 Bookshop sales, £ 250 special collections, £30 for Sarnau community church £2700 for Church Development , £1377 for Care Fund
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1 Government grant 2 Government grant 3 Other	Description This year Last year £ £	Description This year Last year £ £	Description This year Last year £ £
	Ukrainian Support	3,050	-
	Winter Warmer Project	909	-
		-	-
		-	-
	Total	3,959	-

Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income.

Please give details of other forms of government assistance from which the charity has directly benefited.

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff Use of property Other		This year Last year £ £	This year Last year £ £
		-	-
		-	-
		-	-
		-	-
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Expenditure on raising funds: Expenditure on charitable activities	Analysis	Analysis	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds
	Incurred seeking donations		-	-	-	-	-
	Incurred seeking legacies		-	-	-	-	-
	Incurred seeking grants
	Operating membership schemes and social lotteries
	Staging fundraising events
	Fundraising agents
	Operating charity shops – Bookshop			5,912		5,912	5,295
	Operating a trading company undertaking non-charitable trading activity
	Advertising, marketing, direct mail and publicity		-	-	-	-	-
	Start up costs incurred in generating new source of future income		-	-	-	-	-
	Database development costs		-	-	-	-	-
	Other trading activities
	Investment management costs:		-	-	-	-
	Portfolio management costs		-	-	-	-	-
	Cost of obtaining investment advice		-	-	-	-	-
	Investment administration costs		-	-	-	-	-
	Intellectual property licencing costs		-	-	-	-	-
	Rent collection, property repairs and maintenance charges		-	-	-	-	-
			-	-	-	-	-
	Total expenditure on raising funds		-	5,912	-	5,912	5,295
	Pastoral Costs		4,568		-	4,568	16,034
	Youth Activities		28,669	4,089	-	32,758	26,732
	Missionary / Outreach Activity		8,893	4,269	-	13,162	10,976
	Church Development				-	-	540
	Church Expenses		31,542		-	31,542	27,821
	Depreciation		3,069		-	3,069	2,653
	Total expenditure on charitable activities		76,741	8,358	-	85,099	84,756

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Separate material item of expense

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Other

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total other expenditure	-	-	-	-	-

TOTAL EXPENDITURE

76,741 14,270 - 91,011 90,051

Other information: Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Total prior year
		£	£	£	£	£
Activity 1 Activity2
Other
Total
Prior year expenditure on charitable activities can be analysed as follows:
Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary item	Description	This year Last year £ £	This year Last year £ £
		-	-
		-	-
		-	-
		-	-
		-	-
	s	-	-

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Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

		Amount received	Amount received	Amountpaid out	Amountpaid out	Balance held atperiod end	Balance held atperiod end
Description/name of party	Related party (Yes or No)	Thisyear	Lastyear	Thisyear	Lastyear	Thisyear	Lastyear
		£	£	£	£	£	£
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
Total		-	-	-	-	-	-

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

Description/name of party	Balance held atperiod end	Balance held atperiod end
	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

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Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Support cost (examples)	Raising funds £	Activity 1 £	Activity 2 £	Activity 3 £	Grand total £	Basis of allocation
						(Describe method)
Governance	-	-		-	-
	-	-		-	-
	-	-		-	-
	-	-		-	-
Other	-	-		-	-
Total	-	-		-	-

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner

This year £	Last year £
540	480

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Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits Total staff costs	This year £	Last year £
	36,306	39,242
	2,245	2,515
	1,488	1,846
	-	-
	40,039	43,603

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party None

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Correct

Band	Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	2	2
Governance	-	-
Other	-	-
Total	2	2

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11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

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CC17a IExcell 18 0113112024

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
Activityorproject 1			£	£
Activityorproject 2			-	-
Activityorproject 3			-	-
Activityorproject 4			-	-
Total	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions	13.2 Grants made to institutions
My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site.		Yes	Please provide details of charity's URL.
		No	Provide details below
Names of institution	Purpose		Total amount of grantspaid £
			-
			-
			-
			-
			-
			-
			-
			-
			-
			-
Total grants to institutions in reporting period Other unanalysed grants TOTAL GRANTS PAID			-
			-
			-

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

14.1 Cost or valuation	n
£ £ 164,000 - Additions - - Revaluations - - Disposals - - Transfers - - At end of the year 164,000 - 14.2 Depreciation and impairments Basis* SL or RB Rate - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - 14.3 Net book value 164,000 - 164,000 - 14.4 Impairment Freehold land & buildings Other land & buildings At the beginning of the year 0% as freehold property is fully maintained At beginning of the year Net book value at the beginning of the year Net book value at the end of the year Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.*	£ Freehold land & buildings	£ Other land & buildings	£ Plant, machinery and motor vehicles	£ Fixtures, fittings and equipment	Total £
	164,000	-	11,266	30,247	205,513
	-	-	-	3,011	3,011
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	164,000	-	11,266	33,258	208,524
	d impairments
	0% as freehold property is fully maintained	SL or RB	Straight Line 20%	Straight Line 20% except computer equipment 33&1/3rd %	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
			11,266 22,759 34,025 - - - 3,069 3,069 - - - - - - 11,266 25,828 37,094 - 7,488 171,488 - 7,430 171,430
	-	-	11,266	22,759	34,025
	-	-	-	-	-
	-	-		3,069	3,069
	-	-	-	-	-
	-	-	-	-	-
	-	-	11,266	25,828	37,094
	164,000	-	-	7,488	171,488
	164,000	-	-	7,430	171,430

14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

• The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight

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Section C Notes to the accounts

Note 15 Intangible assets

Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year	Other Total £ £ £ £ - - - - Additions - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - 15.2 Amortisation and impairments Basis* SL or RB SL or RB SL or RB Rate - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - 15.3 Net book value - - - - - - - - Research & development Patents and trademarks* At beginning of the year SL – Life not exceeding lease term Straight Line ("SL") or Reducing Balance ("RB") At beginning of the year Nat book value at the beginning of the year Net book value at the end of the year
	SL or RB	SL or RB	SL or RB	SL – Life not exceeding lease term	Straight Line ("SL") or Reducing Balance ("RB")
	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	-	-	-	-
	-	-	-	-

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

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21

Policies for the recognition of any capital development

15.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied

the carrying amount that would have been recognised had the assets been carried under the cost model.

15.7 Other disclosures

(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.
	This will be the rent which would normally be charged for leasing premises to the charity commencing in 2020/21
	The charity will be entering into a lease of premises for which they are carrying out essential improvement works. In return the landlord will grant a rent free period to the value of these works (net of grants received). The value shown is that incurred on improvements to date less a grant received of £9,500.

* The "transfers" row is for movements between fixed asset categories.

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22

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 16 Heritage assets Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

At beginning of the year Additions Disposals Revaluations Transfers At end of the year 16.3 Depreciation and impairments Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of year 16.4 Net book value* Net book value at the end of the year Nat book value at the beginning of the year	£ Heritage asset 1	£ Heritage asset 2	£ Heritage asset 3	£ Heritage asset 4	Total £	Total £
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
						Straight Line ("SL") or Reducing Balance ~~(~~"~~RB~~"~~)~~
	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	-	-	-	-	-
	-	-	-	-	-

16.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

qualifications of independent valuer

the methods applied and significant assumptions

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24

any significant limitations on the valuation

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Additions Disposals Depreciation/impairment Revaluation Carrying amount at the end of period Carrying amount at the beginning of the period	£ At valuation Group A	£ At cost Group B	Total £
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets.

(iii) Disclose information that is helpful in assessing the value of heritage assets.

(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

16.9 Five year summary of heritage assets transactions

	2015	2014	2013	2012	2011
	£	£	£	£	£
Purchases Group A Group B Group C Other Donations Group A Group B Group C Other Total additions Charge for impairment Group A Group B Group C Other Total charge for impairment Disposals Group A - carrying amount Group B - carrying amount Group C Other Total disposals
	-	-	-	-	-
	-	-	-	-	-
	-
	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

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Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Less: impairments Add: Reversal of impairments Carrying (fair) value at end of year Carrying (fair) value at beginning of period Add:additions to investments during period Less:disposals at carrying value Add/(deduct):transfer in/(out) in the period Add/(deduct):*net gain/(loss) on revaluation	Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Listed investments Investment properties Social investments Total Grand total (Fair value at year end+Cost less impairment) Other investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity

• (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds

• (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

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17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Cash or cash equivalents Listed investments Investment properties Social investments Total Analysis of current asset investments Other investments	This year	Last year
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

17.5 Guarantees

Please provide details and amount of any guarantee made to or on behalf of a third party

Name of the entity or entities benefitting from those guarantees

Please explain how the guarantee furthers the charity's aims

17.6 Concessionary loans

Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year Amount of concessionary loans made (Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant information). Amount of concessionary loans received(Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information). Terms and conditions eg interest rate, security provided Value of any concessionary loans which have been committed but not taken up at the reporting date	Description	This year £	Last year £
	Total
	Description	This year £	Last year £
	Total

17.7 Additional information

Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.

Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

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Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

Charitable activities: Opening Added in period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed in period Impaired Closing Other: Opening Added in period Expensed in period Impaired Closing Total this year Total previous year	Stock	Stock	Donated goods	Donated goods	Work in progress
	For distribution	For resale	For distribution	For resale
	£	£	£	£	£
	-	6,869	-	-	-
	-	2,406	-	-	-
	-	- 3,412	-	-	-
	-	-	-	-	-
	-	5,863	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	5,863	-	-	-
	-	6,869	-	-	-

18.2 Please specify the carrying amount of any None stocks pledged as security for liabilities

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments.
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	547	1,281
	10,874	12,245
	11,421	13,526

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	6,435	9,035
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Accruals and deferred income Taxation and social security Receipts in Advance Other creditors Total Payments received on account for contracts or performance-related grants	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	832	1,473	-	-
		-	-	-
	590	1,116	-	-
	1,357	1,342	-	-
	2,745	480	-	-
	5,524	4,411	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;

• an indication of the uncertainties about the amount or timing of those outflows; and

- the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).

21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

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Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

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Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabilities, please complete the following section unless the possibility of their existence is remote.

Description of item including its legal nature. Please describe any security provided in connection to the liability.	Estimate of financial effect

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total
	This year £	Last year £
	-	-
	-	-
	62,026	52,213
		-
	62,026	52,213

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Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

The charity does not expose itself to risk of non payment. Debtors are £4438.75 in respect of an HMRC gift aid claims, The other debtor (£6,435) is a long term debt represented by a rent free period granted in return for the net cost of improvement works carried out on a leased property. £2,600 was expensed in the year reducing the debtor from £9035 to £6435)

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

None

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Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	£ Fund balances brought forward	Income £	Expenditure £	Transfers £	£ Gains and losses	£ Fund balances carried forward
Church Development Fund	R	Church development only	2,693				-	2,693
InternshipFund	R	Intern trainingand expenses only	822	625	- 1,100		-	347
Youth Fund	R	Youth centre andyouth activities	4,177	1,562	- 4,089		-	1,650
Churches Together	R	Cardigan churches annual outreach event	-				-	-
Bookshop	R	Profits used to support missionarywork	9,736	6,159	- 5,905		-	9,990
Men’s Ministry	R	Men’s Meetingexpenses	240				-	240
Ladies Ministry	R	Ladies’ Meetingexpenses	864		- 252		-	612
Special Collections	R	Collections for specific charitablepurpose	-	579	- 579		-	-
Sarnau CommunityChurch	R	Sarnau Communitychurch	681	1,220	- 1,001		-	900
BuildingMaintenance Fund	R	Reserve held for unforeseen maintenance	2,196		- 303			1,893
Care Fund	R	Fund for Supportingvulnerablepeople	890	-	- 390			500
Support for Ukraine	R	Fund to support Ukrainians fleeingwar	-	3,227	- 645			2,582
General Fund	UR	Unrestricted charityfunds	217,386	83,164	- 76,741		-	223,809
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			239,685	96,536	- 91,005	-	-	245,216

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Overspend against annual provision charged to fund

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	£ Fund balances brought forward	Income £	Expenditure £	Transfers £	£ Gains and losses	£ Fund balances carried forward
Church Development Fund	R	Church development only	3,233		- 540		-	2,693
InternshipFund	R	Intern trainingand expenses only	301	2,246	- 1,725		-	822
Youth Fund	R	Youth centre andyouth activities	1,061	5,325	- 2,209		-	4,177
Churches Together	R	Cardigan churches annual outreach event	-				-	-
Bookshop	R	Profits used to support missionarywork	9,515	5,516	- 5,295		-	9,736
Men’s Ministry	R	Men’s Meetingexpenses	489	251	- 500		-	240
Ladies Ministry	R	Ladies’ Meetingexpenses	864				-	864
Special Collections	R	Collections for specific charitablepurpose	-	310	- 310		-	-
Sarnau CommunityChurch	R	Sarnau Communitychurch	714	33	- 66		-	681
BuildingMaintenance Fund	R	Reserve held for unforeseen maintenance	4,861		- 2,665			2,196
Care Fund	R	Fund for Supportingvulnerablepeople	1,389	126	- 625			890
								-
General Fund	UR	Unrestricted charityfunds	218,527	74,975	- 76,116		-	217,386
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			240,954	88,782	- 90,051	-	-	239,685

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Overspend against annual provision charged to fund

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

	Reason for transfer and where endowment is converted to income, legal power for its conversion	Amount
Between unrestricted and restricted funds	The building maintenance fund is credited with the estimated average annual cost of maintenance and debited with actual maintenance costs. The result was a net spend of £303.26 which was charged to the fund No other transfers have been made between restricted and unrestricted funds.	£303.26
Between endowment and restricted funds
Between endowment and unrestricted funds

27.4 Designated funds

Planned use Purpose of the designation Amount

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

0

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		Thisyear				Lastyear
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
			£		£	£

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		1
Type of expenses reimbursed	This year	Last year
	£	£
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)

1

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£

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In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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MOUNT ZION BAPTIST CHURCH, CARDIGAN ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 CHARITY REGISTRATION NUMBER 1181382

INDEPENDENT EXAMINER?S REPORT TO THE TRUSTEES OF MOUNT ZION BAvfisT CHURCH ARDIGAN I report to the trustees on my exarnination of the accounts of the Mount Zion Baptist Church for the year ended 31 March 2023. Responsibilitieg and basis of report As the charity trustees of th¢ Trust you are responsible for the prq)aration of the accounts in accordance with th¢ requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trnst's accounts Ca￿led out under section 145 of the 2011 Act and in carrying out my exatllination I have followed all the applicable Directions giv¢n by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material r¢sp¢¢t'.- accounting records were not kept in respect of the Trust as required by section 130 of the Act" or 2. the accounts do not a¢¢ord with those records" or 3. the accounts do not comply with the applicable requirements conceming the forn and content of accounts set out in the CTharits"es (Accoun￿ and Repons) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an ind¢p¢nd¢nt examination. I have no concerns and have come across no other matters in conne£tion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Teached. D M B DAVIES LIMITED AccountaThts Broyan House Priory Street CARDIGAN C¢r¢digion SA43 IBZ