**GodFirst Barry Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2021** Charity registration - 1187915 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** ## **Contents** |**Contents**|| |---|---| |Legal and administrative information|3| |Trustees annual report|4| |Objectives and activities|4| |Achievements and performance|5| |Future plans|5| |Financial review|5| |Structure, governance & management|5| |Statement of Board of Trustees’ responsibilities|5| |Independent examiner’s report|7| |Statement of fnancial activities|9| |Balance sheet|10| |Notes to the fnancial statements|11| Charity number 1187915 2 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements ## **Legal and administrative information** Charity name GodFirst Barry Charity registration no. ## 1187915 Registered office and contact details c/o Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU Trustees Rhys Gronow Chair Andrew Nash Treasurer Thomas Clewer Bank Lloyds Bank plc 25 Gresham Street London EC2V 7HN Independent examiner Johnsons Chartered Accountants 3 Carrera House Merlin Centre Gatehouse Close Aylesbury Buckinghamshire HP19 8DP Charity number 1187915 3 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** ## **Trustees annual report** The Board of Trustees submit their annual report and the financial statements of GodFirst Barry for the year ended 31 March 2021. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ## Objectives and activities ## Objects The objects of the charity are: **•** To advance the Christian faith in accordance with the Statement of Beliefs outlined below in Barry and in other parts of the United Kingdom and the world as the charity trustees may from time to time think fit; and, **•** To further such other purposes which may be charitable according to the law of England and Wales as the trustees see fit from time to time. ## Statement of beliefs The charity adheres to the statement of belief as outlined by the Evangelical Alliance. ## We believe in: **•** The one true God who lives eternally in three persons – the Father, the Son and the Holy Spirit. **•** The love, grace and sovereignty of God in creating, sustaining, ruling, redeeming and judging the world. **•** The divine inspiration and supreme authority of the Old and New Testament Scriptures, which are the written Word of God – fully trustworthy for faith and conduct. **•** The dignity of all people, made male and female in God’s image to love, be holy and care for creation, yet corrupted by sin, which incurs divine wrath and judgement. **•** The incarnation of God’s eternal Son, the Lord Jesus Christ – born of the virgin Mary; truly divine and truly human, yet without sin. **•** The atoning sacrifice of Christ on the cross: dying in our place, paying the price of sin and defeating evil, so reconciling us with God. **•** The bodily resurrection of Christ, the first fruits of our resurrection; his ascension to the Father, and his reign and mediation as the only Saviour of the world. **•** The justification of sinners solely by the grace of God through faith in Christ. **•** The ministry of God the Holy Spirit, who leads us to repentance, unites us with Christ through new birth, empowers our discipleship and enables our witness. **•** The church, the body of Christ both local and universal, the priesthood of all believers — given life by the Spirit and endowed with the Spirit’s gifts to worship God and proclaim the gospel, promoting justice and love. Charity number 1187915 4 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements **•** The personal and visible return of Jesus Christ to fulfil the purposes of God, who will raise all people to judgement, bring eternal life to the redeemed and eternal condemnation to the lost, and establish a new heaven and new earth. ## Public beneft Throughout the process of determining the activities outlined in this report, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity. ## Achievements and performance The activities of the church, in relation to our stated purposes, have been adversely affected by the COVID-19 pandemic this year. In compliance with the varying pandemic protective measures throughout the year, the charity has continued to offer a place and opportunity for Christian worship on each Sunday. At times, the church has gathered exclusively through online services but also, when safe and legal, we have met in-person. Restrictions on public gatherings have curtailed our activities in the community through the majority of the past year. Recognising the potential for loneliness this past year, we have offered a monthly opportunity for anyone to join us for a local walk or for a picnic during the summer. ## Future plans Pandemic dependent, we anticipate that the charity will be more active in reaching our stated purposes this coming year; primarily through raising the profile and approachability of the charity through advertising on social media and through a commitment to increasing the quality of our Sunday gatherings. As a small charity, we will also be considering new ways in which we can sustainably serve our community for the public benefit; be that through continuing to serve the local area through litter picking, and other similar initiatives, or through the creation of new social groups that are open to all. ## Financial review The Charity achieved a surplus of £13,815 in the year resulting in total funds at the year-end of £13,8815. All funds held at year end were unrestricted in use and the Trustees are happy this level of reserves meets the reserves policy below. ## Reserves policy The charity has set a reserves target of three to six months running costs which currently equates to £3,500 to £7,000 however expenditure is likely to increase once COVID-19 restrictions lift and so the reserves above are not deemed to be excessive. ## Structure, governance & management GodFirst Barry is a charitable incorporated organisation and registered as a charity on 12 February 2020. The Charity was established under a constitution that sets out the objects and powers of the charity. ## Recruitment and appointment of Trustees The constitution requires a minimum of three and and a maximum number of ten trustees. Trustees are subject to re-election on a rolling three year basis at the Annual General Meeting, with a maximum of three consecutive terms. Only the current Trustees can appoint new Trustees. ## Statement of Board of Trustees’ responsibilities The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Charity number 1187915 5 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** Standard applicable in the UK and Republic of Ireland. Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material - departures disclosed and explained in the financial statements, and; - prepare the financial statements on the going concern basis unless it is inappropriate to presume - that the charity will continue its activities. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review in pages 4 to 6 of this document as well as the legal and administrative details on page 3, meet the requirements of the trustees’ Annual Report under charity law. They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. This report was approved and authorised for issue by the Board of Trustees on 31 January 2022 and signed on its behalf by: ## Rhys Gronow ## **RHYS GRONOW** ## **CHAIR** Charity number 1187915 6 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements ## **Independent examiner’s report** I report to the Trustees on my examination of the accounts of GodFirst Barry (charity number 1187915) for the year ended 31 March 2021 which are set out on pages 9 to 14. ## Respective responsibilities of trustees and examiner The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under - section 145(5)(b) of the Charities Act; and, - to state whether particular matters have come to my attention. This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made. ## Basis of independent examiner’s statement My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## Independent examiner’s statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the Charity as required by section 130 of the Act; or - the accounts do not accord with those records; or **•** the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) 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 independent examination. Charity number 1187915 7 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Edmund Cartwright ## **EDMUND CARTWRIGHT** ## **FOR AND ON BEHALF OF JOHNSONS, CHARTERED ACCOUNTANTS** Dated: 31 January 2022 Ground Floor 1 - 2 Craven Road Ealing, London W5 2UA Charity number 1187915 8 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements ## **Statement of financial activities** For the year ended 31 March 2021 |**Statement of fnancial activities**
or the year ended 31 March 2021|| |---|---| |**Notes**
**Income from**
Donations and legacies
**2**
**Total income**
**Expenditure on**
Charitable activities
**3**
**Total expenditure**
**Net income/(expenditure)**
**Reconciliation of funds**
Funds brought forward
**6 & 7**
Funds carried forward
**6 & 7**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**31-Mar-21**
30,037
-
**30,037**| ||**30,037**
**-**
**30,037**| ||16,222
-
**16,222**| ||**16,222**
**-**
**16,222**| ||**13,815**
**-**
**13,815**
-
-
**-**| ||**13,815**
**-**
**13,815**| The notes on pages 11 to 14 form part of the financial statements. As this is the first year of activity there are no comparative figures to present. Charity number 1187915 9 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** ## **Balance sheet** As at 31 March 2021 |**Notes**
**Current assets**
Cash at bank
**Creditors**
Amounts falling due within
one year
5
**Net current assets**
**Net assets**
**Funds of the charity**
Unrestricted funds
6 & 7
**Total funds**|**£**
15,094|**Total**
**Funds**
**31-Mar-21**
**£**


**13,815**| |---|---|---| ||15,094
(1,279)|| |||| |||**13,815**| |||**13,815**| |||**13,815**| The notes on pages 11 to 14 form part of the financial statements. As this is the first year of activity there are no comparative figures to present. These financial statements were approved and authorised for issue by the Board of Trustees on 31 January 2022 and signed on their behalf by: **ANDREW NASH ACA TREASURER** Charity number 1187915 10 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements ## **Notes to the financial statements** ## 1. Accounting policies Basis of preparation of the financial statements The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The effect of any event relating to the year ended 31 March 2021, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2021 and the results for the year ended on that date. Using the exemption available to smaller charities, the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## Going concern The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global COVID-19 pandemic has had no material impact on this assessment. ## Legal status GodFirst Barry is a charitable incorporated organisation registered in England & Wales and meets the definition of a public benefit entity as defined by FRS 102. The registered office is c/o Andy Nash Accounting & Consultancy Ltd, Units 24 & 25, Goodsheds Container Village, Hood Road, Barry, CF62 5QU. ## Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. There are currently no restricted funds held by the Charity. ## Income Income is recognised when the charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable. Charity number 1187915 11 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** ## 1. Accounting policies (continued from previous page) ## Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities, those costs of an indirect nature necessary to support them and an allocation of governance costs. Support costs are allocated between governance costs and other support costs. Governance costs comprise those costs involving the public accountability of the charity and its compliance with regulations and good practice. Other support costs relate to the administrative costs of running the charity and are allocated to charitable activities accordingly. Irrecoverable VAT is charged against the category of expenditure for which it is incurred. ## Tangible fixed assets and depreciation All assets costing more than £500 are capitalised. There are no assets held over this amount currently. ## Cash at bank and in hand Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes. ## Debtors Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due. ## Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. ## Critical estimates and judgements In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. ## Financial instruments Basic financial instruments are measured at amortised cost other than investments which are measured at fair value. Charity number 1187915 12 **Year ended 31 March 2021** **GodFirst Barry** Annual report and financial statements 2. Income from donations |Expenditure on charitable activities
Church support
Individual giving
Other
Salaries
Contribution to Advance
Venue costs
Other ministry costs
Administration|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**31-Mar-21**
**£**
**£**
**£**
15,505
-
**15,505**
14,475
-
**14,475**
57
-
**57**| |---|---| ||**30,037**
**-**
**30,037**| ||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**31-Mar-21**
**£**
**£**
**£**
10,525
-
**10,525**
1,201
-
**1,201**
400
-
**400**
3,486
-
**3,486**
610
-
**610**| ||**16,222**
**-**
**16,222**| ## 3. Expenditure on charitable activities An analysis of salaries can be found in note 4. ## 4. Staff costs |Gross salaries
Employers pension|**Total**
**Funds**
**Year ended**
**31-Mar-21**
**£**
**10,400**
**125**| |---|---| ||**10,525**| The average headcount during the period was 1 person. No employee received employee benefits of more than £60,000. Total remuneration to key management personnel was £10,525. Charity number 1187915 13 **GodFirst Barry** Annual report and financial statements **Year ended 31 March 2021** 5. Creditors |Accruals
HMRC payable
Pension payable|**Total**
**Funds**
**31-Mar-21**
**£**
**1,201**
**54**
**24**| |---|---| ||**1,279**| ## 6. Analysis of charity funds |Analysis of net assets
Unrestricted funds
Current assets
Current liabilities|**Balance**
**Income**
**brought**
**for the**
**forward**
**period**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**£**
**£**
-
30,037|**Expenditure**
**Transfers**
**Balance**
**in the**
**between**
**carried**
**period**
**funds**
**forward**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**31-Mar-21**
**£**
**£**
**£**

(16,222)
-
**13,815**| |---|---|---| ||**-**
**30,037**|
**(16,222)**
**-**
**13,815**| |||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-21**
**31-Mar-21**
**31-Mar-21**
**£**
**£**
**£**
15,094
-
**15,094**
(1,279)
-
**(1,279)**| |||**13,815**
**-**
**13,815**| ## 7. Analysis of net assets ## 8. Trustee remuneration During the eight month period, one trustee, R Gronow, received total remuneration of £10,525, as permitted under clause 6 (4) of the Constitution. The individual was not involved in any conversations related to their remuneration nor approves any relevant decisions. No members of the Board of Trustees received reimbursement of travel and subsistence expenses for board meetings in the year. ## 9. Related party transactions During the year there were no transactions carried out with related parties other than those in note 8 above. Total unrestricted donations from Trustees in the period amounted to £3,150. Charity number 1187915 14