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2023-03-31-accounts

GodFirst Barry Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2023

Charity registration - 1187915

GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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 6
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 2023

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 Sara Estrella appointed 9 October 2023 Timothy Sambrook appointed 6 June 2022

Bank

Lloyds Bank plc 25 Gresham Street London EC2V 7HN

Independent examiner

Amie Denning 5 Brudenell Drive Stoke Manderville Buckinghamshire HP22 5UR

Charity number 1187915

3

GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

Trustees annual report

The Board of Trustees submit their annual report and the financial statements of GodFirst Barry for the year ended 31 March 2023.

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 2023

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

In the wake of the challenges posed by the pandemic over the past two years, our charity has demonstrated remarkable resilience and is now on a path to recovery. We have steadfastly maintained our commitment to providing a sanctuary for Christian worship every Sunday, an endeavour that remains at the heart of our mission. Furthermore, we have significantly expanded our midweek programs, which have played a crucial role in nurturing and supporting our members’ spiritual growth.

Our engagement with the community, although somewhat constrained, has been meaningful and impactful. A highlight of our community involvement includes the successful hosting of Christmas Carol events in two local neighbourhoods. These events not only brought joy and festive spirit to the areas but were also wellreceived and attended by numerous local residents, fostering a sense of community and belonging.

Future plans

Looking ahead, we are filled with optimism about the potential for increased engagement and impact in the coming year. Bolstered by a more robust church membership, we are poised to launch new initiatives that will further our state purposes. These initiatives include the introduction of local mental health and budgeting courses, which aim to address key needs within our community, and new courses introducing the fundamentals of Christianity.

In addition to these new programs, we plan to actively participate in existing community events. This strategy is not only geared towards raising the profile of our charity but also serves as an opportunity to build stronger community ties and contribute more significantly to the wellbeing of our community members. Our commitment to serving and enhancing the lives of those around us remains unwavering, and we look forward to a year of growth, service, and meaningful impact.

Financial review

The Charity achieved a surplus in the year of £6,262 (2022: deficit of £1,012) increasing total funds at the year-end to £19,065 (2022: £12,803). 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 of £19,065 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.

Charity number 1187915

5

GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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 income over expenditure for that period. In preparing these financial statements, the trustees are required to:

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and;

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 29 January 2024 and signed on its behalf by:

RHYS GRONOW

CHAIR

Charity number 1187915

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Year ended 31 March 2023

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 2023 which are set out on pages 9 to 16.

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:

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:

• 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

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GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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.

Amie Denning

Amie Denning (Jan 30, 2024 09:28 GMT)

AMIE DENNING FCCA

Dated: 30 January 2024

5 Brudenell Drive Stoke Manderville Buckinghamshire HP22 5UR

Charity number 1187915

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Year ended 31 March 2023

GodFirst Barry Annual report and financial statements

Statement of financial activities

For the year ended 31 March 2023

Statement of fnancial activities
For the year ended 31 March 2023
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-23
31-Mar-23
31-Mar-23
31-Mar-22
£
£
£
£
31,701
-
31,701
17,887
31,701
-
31,701
17,887
25,439
-
25,439
18,899
25,439
-
25,439
18,899
6,262
-
6,262
(1,012)
12,803
-
12,803
13,815
19,065
-
19,065
12,803

The notes on pages 11 to 16 form part of the financial statements.

Charity number 1187915

9

GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

Balance sheet

As at 31 March 2023

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		 £
22,299		 Total
Funds
31-Mar-23
£


19,065		 £
14,769		 Total
Funds
31-Mar-22
£


12,803
22,299
(3,234)		 14,769
(1,966)



19,065 12,803
19,065 12,803
19,065 12,803

The notes on pages 11 to 16 form part of the financial statements.

These financial statements were approved and authorised for issue by the Board of Trustees on 29 January 2024 and signed on their behalf by:

RHYS GRONOW

CHAIR

Charity number 1187915

10

Year ended 31 March 2023

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 2023, 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 2023 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

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GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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 £1,000 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

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Year ended 31 March 2023

GodFirst Barry Annual report and financial statements

  1. Income from donations
r ended 31 March 2023
Income from donations		 GodFirst Barry
Annual report and fnancial statements
Church support
Individual giving
Church support
Individual giving		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
1,000
-
1,000
30,701
-
30,701
31,701
-
31,701
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

Charity number 1187915

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GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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-23
£
10,953
1,268
4,504
7,871
843		 Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-23
£
£

-
10,953

-
1,268

-
4,504

-
7,871

-
843
25,439
-
25,439
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
Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-22
£
£
10,816
10,400
137
125
10,953
10,525

An analysis of salaries can be found in note 4.

  1. Staff costs

The average headcount during the period was 1 person (2022: 1 person).

No employee received employee benefits of more than £60,000 (2022: Nil).

Total remuneration to key management personnel was £10,953 (2022: £10,525).

Charity number 1187915

14

Year ended 31 March 2023

GodFirst Barry Annual report and financial statements

  1. Creditors
Accruals
HMRC payable
Pension payable		 Total
Total
Funds
Funds
31-Mar-23
31-Mar-22
£
£
3,184
1,916
26
26
24
24
3,234
1,966

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-23
31-Mar-23
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
£
£
12,803
31,701
(25,439)
-
19,065
12,803
31,701
(25,439)
-
19,065
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

Charity number 1187915

15

GodFirst Barry Annual report and financial statements

Year ended 31 March 2023

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-23
31-Mar-23
31-Mar-23
£
£
£
22,299
-
22,299
(3,234)
-
(3,234)
19,065
-
19,065
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

8. Trustee remuneration

During the year, one trustee, R Gronow, received total remuneration of £10,953 (2022: £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 (2022: £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 £1,931 (2022: £3,800).

Charity number 1187915

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