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2023-03-31-accounts

Ogmore by Sea Church (previously Ogmore by Sea Evangelical Church)

This is the third Annual Report of the Church for the year to 31 March 2023.

The Trust is registered with the Charity Commission as a Charitable Incorporated Organisation (C.I.O. No. 1187256). Its governing document is a Trust Deed dated 26[th] October 2019 and submitted to the Charity Commission on 6[th] January 2021.

Trustees during the year to 31 March 2022 were: Mr Charles Michael Hill (Chairman/Correspondent) 44, Seaview Drive Ogmore by Sea, Bridgend CF32 0PB

Mr Alan Bernard Fowler (Treasurer) Mr Paul Glenny Reverend Dominic Thomas White

New trustees are appointed under the Trust Deed by election of the Church membership. Mr Paul Glenny was appointed as a Trustee at the annual meeting in 2022. Mrs Jenny Hill resigned as a Trustee. The membership of the church (C.I.O.) remains small with under 20 members although several non-members remain very active within the life of the church.

The object of the Trust is to further and advance the Christian religion in accordance with the statement of faith primarily but not exclusively in Ogmore by Sea and its immediate neighbourhood. In furtherance of this object, the church may also undertake such other charitable purposes as shall, in the opinion of the membership of the church, put into practice the Christian faith in accordance with the basis of faith. These shall be carried out in a manner that is consistent with the doctrinal distinctives and ethical statements as may be adopted and amended by the church from time to time in accordance with the provisions of the Church handbook.

During the year, the Reverend Dominic White worked a full-time pastor and, along with the Trustees and membership, helped the Church to fulfil its charitable objectives. The church holds regular Sunday Services, twice-weekly bible study and prayer meetings, coffee and cake meetings for the community and engages in various other activities on an occasional basis. Of note, the Church runs regular activities during the week for children and youngsters.

The Church owns land and property on Church Close in Ogmore by Sea which is registered with the UK Land Registry. The restored ‘Lighthouse Lounge’ – a multi-purpose facility designed principally to assist in the work with younger children - has been particularly useful and further remedial building works were undertaken on the church hall and the church flat.

Reverend Dominic White was the only paid member of staff during the financial period. The Trustees took care to ensure that his remuneration was commensurate with his appointment and responsibilities. The church relies on the gifts of members and friends for its income and has no policy on maintaining dedicated reserves. The assets of the old charity (Ogmore by Sea Evangelical Church) have largely been transferred to the new C.I.O. and are included in the annual accounts of the Church. It is anticipated that the Church will have sufficient funds to cover the expected costs in the forthcoming year. The C.I.O.’s bankers are BARCLAYS BANK PLC, Leicester LE87 2BB.

Declaration- The Trustees declare that they have approved the Trustees’ report above.

Signed on behalf of the Charity’s Trustees:

C. M. Hill

C.M.HILL (Chairman)

Y e a r t o
t o 3 1 / 0 3 / 2 2
RECEIPTS
Funds transferred from OBS Evangelical
Offerings - under Gift Aid
~ not under Gift A i d
Total
Tax recovered re. Gift Aid
Church 41,294
41,785
43,079 1,366
31,831
16,830
Rent received 9,902 0
Refund of Legal Fees
T O T A L GENERAL RECEIPTS
10,200
63,181
2,518
300
52.845
Gifts received for others
T O T A L RESTRICTED INCOME
703
703
1,070
1,070
T O T A L RECEIPTS
63,884 53,915
PAYMENTS
Pastor's Salary
Pastoral Expenses
Visiting Preachers
Children?s Work
31,467
1,369
1,275
436
20,416
)
1,600
308
Missionary Support
Accountancy Fees
2,240
792
1,704
720
Various Equipment 492 3,063
Gifts to others (from General
Sundry Expenses
T O T A L MINISTRY COSTS
Income) 320
1,636
40,027
405
817
29,033
Electricity, Gas & Water
Property Maintenance, etc.
Insurance
2,888
6,154
959
1,250
20,470
930
Estate Agent's Fees, etc. 1,347 247
TOTAL PROPERTY COSTS 11,348 22,897
Gifts passed on to others
TOTAL RE. RESTRICTED INCOME
576
576
1,070
1,070
TOTAL PAYMENTS 51,951 53,000
SURPLUS FOR T H E PERIOD £11,933 £915
FUNDS HELD 01/04/22 £27,271 £26,356
FUNDS HELD
31/03/23
£39,204 £27,271
B e i n g -
R e s t r i c t e d i n c o m e 127
G e n e r a l F u n d s 39,077
Funds held at 31/03/23 £39,204
Cash in Hand 0
Balance in Bank
Totai
39,204
£39,204