**GodFirst Barry Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2022**
Charity registration - 1187915
**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
## **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|
|Statement of fnancial activities|7|
|Balance sheet|8|
|Notes to the fnancial statements|9|
Charity number 1187915
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**Year ended 31 March 2022**
**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 - resigned 6 June 2022 Thomas Clewer Timothy Sambrook appointed 6 June 2022
Bank
Lloyds Bank plc 25 Gresham Street London EC2V 7HN
Charity number 1187915
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**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
## **Trustees annual report**
The Board of Trustees submit their annual report and the financial statements of GodFirst Barry for the year ended 31 March 2022.
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
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**Year ended 31 March 2022**
**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 charity, in relation to our stated purposes, have continued to be adversely affected by the COVID-19 pandemic this year. The charity has continued to offer a place and opportunity for Christians worship each Sunday, ensuring that we were compliant with the guidance issued by Public Health Wales. We were able to be active in the community in limited ways, such as through organised litter-picking in our local community.
## Future plans
We anticipate the charity will be more active in reaching our state purposes this coming year. Primarily through growth in church membership as well as introducing new community initiatives as our increased capacity allows. We plan to launch a few community clubs that are open to all to attend and join in with. We will look to participating in other existing community events to raise the profile of the charity.
## Financial review
The Charity incurred a deficit in the year of £1,012 (2021: surplus of £13,815) decreasing total funds at the year-end to £12,803 (2021: £13,815). 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 over the next year 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 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 expenditure over
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**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
income 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 30 January 2023 and signed on its behalf by:
## Rhys Gronow
Rhys Gronow (Jan 30, 2023 14:44 GMT)
## **RHYS GRONOW**
## **CHAIR**
Charity number 1187915
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**Year ended 31 March 2022**
**GodFirst Barry** Annual report and financial statements
## **Statement of financial activities**
For the year ended 31 March 2022
|**Statement of fnancial activities**
For the year ended 31 March 2022||
|---|---|
|**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**
Total
**Funds**
**Funds**
**Funds**
Funds
**Year ended**
**Year ended**
**Year ended**
Year ended
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
31-Mar-21
**£**
**£**
**£**
£
17,887
-
**17,887**
30,037|
||**17,887**
**-**
**17,887**
30,037|
||18,899
-
**18,899**
16,222|
||**18,899**
**-**
**18,899**
16,222|
||**(1,012)**
**-**
**(1,012)**
13,815
13,815
-
**13,815**
-|
||**12,803**
**-**
**12,803**
13,815|
The notes on pages 9 to 14 form part of the financial statements.
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**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
## **Balance sheet**
As at 31 March 2022
|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**|**£**
14,769|**Total**
**Funds**
**31-Mar-22**
**£**
**12,803**|£
15,094|Total
Funds
31-Mar-21
£
13,815|
|---|---|---|---|---|
||**14,769**
(1,966)||15,094
(1,279)||
||||
||
|||**12,803**||13,815|
|||**12,803**||13,815|
|||**12,803**||13,815|
The notes on pages 9 to 14 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 30 January 2023 and signed on their behalf by:
## Rhys Gronow
Rhys Gronow (Jan 30, 2023 14:44 GMT)
## **RHYS GRONOW CHAIR**
Charity number 1187915
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**Year ended 31 March 2022**
**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 2022, 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 2022 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.
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**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
## 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.
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**Year ended 31 March 2022**
**GodFirst Barry** Annual report and financial statements
2. Income from donations
|**r ended 31 March 2022**
Income from donations|**GodFirst Barry**
Annual report and fnancial statements|
|---|---|
|Church support
Individual giving
Church support
Individual giving
Other|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
**£**
**£**
**£**
5,200
-
**5,200**
12,687
-
**12,687**|
||**17,887**
**-**
**17,887**|
||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|
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**GodFirst Barry** Annual report and financial statements
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## 3. Expenditure on charitable activities
|analysis of salaries can be found in note 4.
Staff costs
Gross salaries
Employers pension
Salaries
Contribution to Advance
Venue costs
Other ministry costs
Administration
Salaries
Contribution to Advance
Venue costs
Other ministry costs
Administration|**Unrestricted**
**Funds**
**Year ended**
**31-Mar-22**
**£**
10,525
715
2,261
4,527
871|**Restricted**
**Total**
**Funds**
**Funds**
**Year ended**
**Year ended**
**31-Mar-22**
**31-Mar-22**
**£**
**£**
-
**10,525**
-
**715**
-
**2,261**
-
**4,527**
-
**871**|
|---|---|---|
||**18,899**|
**-**
**18,899**|
||Unrestricted
Funds
Year ended
31-Mar-21
£
10,525
1,201
400
3,486
610|Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-21
31-Mar-21
£
£
-
10,525
-
1,201
-
400
-
3,486
-
610|
||16,222|
-
16,222|
|||**Total**
Total
**Funds**
Funds
**Year ended**
Year ended
**31-Mar-22**
31-Mar-21
**£**
£
**10,400**
10,400
**125**
125|
|||**10,525**
10,525|
An analysis of salaries can be found in note 4.
4. Staff costs
The average headcount during the period was 1 person (2021: 1 person).
No employee received employee benefits of more than £60,000 (2021: Nil).
Total remuneration to key management personnel was £10,525 (2021: £10,525).
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**GodFirst Barry** Annual report and financial statements
5. Creditors
|Accruals
HMRC payable
Pension payable|**Total**
Total
**Funds**
Funds
**31-Mar-22**
31-Mar-21
**£**
£
**1,916**
1,201
**26**
54
**24**
24|
|---|---|
||**1,966**
1,279|
## 6. Analysis of charity funds
|Unrestricted funds
Unrestricted funds|**Balance**
**Income**
**Expenditure**
**Transfers**
**Balance**
**brought**
**for the**
**in the**
**between**
**carried**
**forward**
**period**
**period**
**funds**
**forward**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
**£**
**£**
**£**
**£**
**£**
13,815
17,887
(18,899)
-
**12,803**|
|---|---|
||**13,815**
**17,887**
**(18,899)**
**-**
**12,803**|
||Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
£
£
-
30,037
(16,222)
-
13,815|
||-
30,037
(16,222)
-
13,815|
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**GodFirst Barry** Annual report and financial statements
**Year ended 31 March 2022**
## 7. Analysis of net assets
|Current assets
Current liabilities
Current assets
Current liabilities|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Year ended**
**Year ended**
**Year ended**
**31-Mar-22**
**31-Mar-22**
**31-Mar-22**
**£**
**£**
**£**
14,769
-
**14,769**
(1,966)
-
**(1,966)**|
|---|---|
||**12,803**
**-**
**12,803**|
||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|
## 8. Trustee remuneration
During the year, one trustee, R Gronow, received total remuneration of £10,525 (2021: £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 (2021: £Nil).
## 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 £3,800 (2021: £3,150).
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