Rep)rt of the Trustees and financial Statements for the Period Ende(131 March 2024 REGISfERED CHARrtY NUMBER: 1191223
THE GwEr BAprrIsr ASSOCIATION PERIOD ENDED 31 MARCH 2024 Cont nts Pa Referen and Administrdtion Trustees Annual Rewrt Independent Examiners Report Statement of Receipts and Payments Statement of assets and liabilities
THE GwEr BAFrFr ASSCÉIATION REFERENCE AND ADMINIThATION DAILs PERIOD ENDED 31 MARCH 2024 Prinopal address 15 Millers Wcod Penmaen Blackwood NP12 OFE Rev D Marc Owen Pam Moody Keith Fordham Rev Timothy I McM)dy Rev Suzanne Roberts Rev T Richard Hanison Huw Stephens Ronald C Spillards Rev Richard J Miles Rev Jonathan Forman Rev Susan Phillips Chair Co Treasurer Co Treasurer Independent Examiner Kevin lan Coultard BA(HONS) Business & nan. ACCA (p]q) 23 Rhyswg Road Abercam Newport NPII 5HB Page I
THE GWE ASSOCIATION TRusfEES' REPORT PERIOD ENDED 31 MARCH 2024 The Trustees have pleasure in presenting their repxrt tcKJether with the receipts and payments of the Charity for the peri(xl ending 31 March 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT Goveming dUment The charfty is govemed by a constitsJtion and registered on 9th September 2020 as a Charitsble Incorporated organisation. The Gwent Baptist Association, part of the overall strurture of the Baptist Union of Wales, represents and assists a network of independent Baptist ChUrd and Chapels in Gwent. Board of Trustees The charity is organised, and policy imemented through the board of trijstees who normally meet once a half scholastic terni. Election to the Board Trustees are elected from membership with one trustee apinted by the Baptist Union of Wales. OBJECTIVES AND ACTDirrIES The object of the Association is the advanment of the Christian religion in the county of Gwent according to the principles of the Baptist denominatim. The Association operates, but not exclusively, through ary of tre following means: to spread the Gcth News of Jesus Christ as revealed in the &ble; tO SUPFK)rt churches in Gwent in maintaining ministries and asting them in engaging in mission work; to nurture among its members respe¢ love and co-OFEration for and with one another while acthowledging the Independen of every church in matters relating to tts own govemrnent and discipline. to confer and seek ctroperation with Bapb'sts in Gwent and other parts of Wales and the Ull and with other churches and Chrlst¢an bodies In matters rdating to the ngl0M of Chrlx to safeguard the properties and interests of the Ass(xiation and the thurches, and to consider the most appropriate means to nurture ttre reUr the gJ(Kl of the ASsiation, churches and the Kingdom of Christ; tO Use any other means in hamiony with the main aim of the Ass(Kiation, as decided by the Asslation'S Council from time to time, in order to fijrther the work of the denomination in Gwent. The Ass¢xiation awards grants from time to time to churthes in the denomination to help cover the costs of ministy. It also makes small grants (up to £2,0(KJ) to churches and other organisations who arrange community acbmties and initiatives with a clear"mission f$". All the work of the Association is volunteer based. dge2
THE GWE BA ASSCUATION TRUES, REF>ORT PERIOD ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Gwent Baptist Ass(Klati has continued to serve its Churches throughout the year due, in large part, to the ongoing faithfulness, enthusiasm and hard Yrk of our Office and the support of the Baptist Union of Wales and pather organisations. We have continued to offer particular supp)rt to the fdlowship at Zion Baptist Church, Cwmcarn - encouraging their Membe through faalitating a monthly Ladies Fellowship and monthly Bible sdY and are thrilled to see the Church growing in numLws and in a desire to reach out to its communty through a Focxl Pantry and Wami Space initiative. We have also continued our suprt of the l(xal youth initiattve, Tr Gathering, providing financial support to help cover the monthly cost of providing free fcmxl the young FEople who attend, the Furchasing of youth appropriate bibles as well as providing the voluntEer team with The Gathering, T-shirts. This has enabled the work to continue to run monthty and iFKleed see growth as more Churthes in the Association begin to bring young people along. We recognise that many of our Churthes are under increasing pressure from the Cost-of-knving Crisis and have been able to prayerfvl and financially SUPFQrt some ministres through grants (often in pathership with the Baptist Union of Wales). We have also sought to be more proactive in assisting Churches with the many challenges they fa by introdu(ing a new Structu to the gJperintendenry. We now have a team of Superintendents who actively seek to better support the local churches - answering questions an)und govemance, day to day matters as well as helping with any spirtttial concems. The Association is presenty in discusgcffis with the Baptist Union of Wales aLM)ut fuknre organisational stNcture. Our Annual Meeting was hugely successful. We met at Upper Trosnant Baptist Church, PontypKrf)l and Mr. Christian Williams (BUW Projetts Officer and Corp)r7tion Coordinator) stK)ke to us from Acts 2. Officers have continued to meet regularly and the Gwent Baptist As5oKiation Ministers Space (facilitsted by Rev Richard Miles) has been very much appreciated by those who attend. Whilst our Missional workers. Jeff and nda Kim (frIMn Los Angeles), have completed their time in Wales and returned to America, we were thrilled to welcome a number of energetic and skilled workers from the USA who joined a number of our Churches throughout the SUMM as they faalitsted Holiday Bible Clubs for Children. Page 3
THE GWENT BAPT ASSOCIATION TRusfEES' REPORT PERIOD ENDED 31 MARCH 2024 FINANCIAL RPrfIEW The Association does not have a set reser wlicy but hwe suffiaent funds in its deposit account. The Association's small regular income derlves from fees pald annually by member churches. Frorn time to time, the Ass(Kiation is the recipient of legacie5 from churche5lchaFels which dose. Most expenditure is met from funds transferred from the deptsit aCcnt 14ge 4
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the tntee51 members of The Gwent Bapiist Association On accounts for the year ended 31$1 March 2024 Charlty no {if any) 1191223 -set out on pages 6-7 I rewrt to the trustees on my examination of the accounts of the above chanty fthe Trust.) for the year erKled 3110312024. Responsibilities and As the thanty trustees of the Trust, you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in 12rrying out my examination, I have followed the applicable Directions given by the Charrty Commission under sedion 145{5)(b) of the AGL I have completed my examination. I confirni that no material matters have come to my attention in connection wrth the examination vthith gives me cause to believe that in. any material respect.. accounb'ng records were not kept in accordan with section 130 of the A or the accounts do not accord with accounting records Independent examinerfs statement I have no concems aTrJ have come across no other matters in ¢onnection with the examination to which attention should be draym in order to enab18 a proper undet5tsnding of the accourts to be reached. Signed: 1011012024 Name: Kevin lan Coultard Relevant professional qualification{s) or body (rfany)". BA (Hons) Business & Finan ACCA (plq) Address: 23 Rhyswg Road Abercam Newport NP115HB Page 5 IER October 2018
ThE GWENY BAPTIST AssoaATION YEAR ENOED 31 MARCH 2024 RE(EIPT5 AND PAYT$ Accoupir Unrestricted Ger*ral Fd$ vreStriCred COIF Funts T(rtal Fur¥Js 2024 Total Funds 2023 RECEIPT5 AssLKiation Fees Legacies Legacie5 COIF Account Visitirg EVaell$t Surwt Donations 1,28750 1.28750 2,612.(K) 0.00 0.00 0.00 166.60 ODJ 40750 407.50 1.695.C 1.695.00 2,718.60 Investment l¥K¢Jme COIF account interest NS & I In¥wtment AC Interest 5,421.27 5.421.27 140.78 2.IS4.15 25.37 140.78 TOTAL REIpTs 1.835.78 5.421.27 7.257.05 4.898.12 PAYMENTS Grants t1onati0- 8MS QkJnation5- Other Solicitors Fees AdTTiinistration BUW Subscriptions E¥ents Ministerial Grants Vis5tin8 Evangelist I9.2E.(l 412.50 1,247.(Kl 45N).(KI 23.760.(KI 412.50 1,247.(KJ 5.455.00 784.00 784.00 275.47 615.47 2.58 o.Ix) 275.47 615.47 280.S8 7.107.61 1.458.33 200. l(K>.(M) 6.798.61 9.065.99 7.107.61 TOTAL PAYMENTS 22.091.02 IL607.61 33,698.63 24.645.93 IEXPENDITUREIIINCOV 120.255.241 16,186.34} 126,441581 I19,7471) RECONOUATION OF FUND5 Totsi funds trought forward Transfer between funds 28.652.22 115,458.67 144.110.89 163.858.70 TOTAL FUNDS CARRIED FORW 8,396.98 109.272.33 117,669.31 144.110.89 Page 6
THE GWE BAVTST AssoaATION YEAR ENDED 31 PMR(H 2024 STATEMENT OF ASSETS AND UhBILmES UrYestricted GerETrl F5 Utyesthcted COIF Fwd5 Tcrtal Totsl Fund5 2023 2024 Assets Cash FurKts Barcla Bank N5 & I Investmerrt Gei N5 & I Investment ACC({rt me COIFCharftles Dep)sit Fund 8396.98 83%.98 lJ77.57 22,085.54 5,189.11 115,458.67 i(Y3272.33 109.272.33 TOTAL FUNDS 8.396.98 I¢B.272.33 I1731 144.iJQ89 NO OTHER ASSEtS HELD TOTAL ASSETS 8,396S8 l(fJ,27233 117W31 4.liQ.89 Uabllldes As at 3tst March 2024 lhe were liatmltties Yhe fsnanclal stsrements We a&yd Iwthe iThnJ d Ttee$ .. . . slgned its behalf ty. nd were ts, SrEf HErl& I) ¢rylPc QWE Page 7