Report of the Trustees and Finanoal Statements for the PericKI Ended 31 March 2025 REGIsfERED CHARrrY NUMBER: 1191223
THE GWE BAPTIsf ASSOCIATION PERIOD ENDED 31 MARCH 2025 Contents Reference and Administration Trustees Annual Report Independent Examiner5 Report Statement of Reipts and Payments Statement of assets and liabilities
ThE GWE BAvrIsr ASSOCIATION REFERENCE AND ADMIN15TrATION DAlL5 PEFUOD ENDED 31 MARCH 2025 Prinapal address 15 Mlllers Woc* Penmaen Blackwc4)d NP12 OFE Rev D Marc Owen Pam Moody Keith Fordham Rev Timothy I Moody Rev Suzanne Roberts Rev T Richard HarrIn Huw Stephens Rev Richard J Miles Rev Jonathan Forman Rev Susan Phillips Rev Mark Thomas AFice Place Chris Powell Rev Andy Baker Rev Peter Cho Chalr Co Treasurer Co Treasurer Independent Examlner Kevln Ian Coultard BA(HONS) Business & Finan. ACC4 (plq) 23 Rhyswg Road Abercarn Newport NPII 5HB Page I
THE GwEr BAFry Assc[ATION TRusfEES' REPORT PERIOD ENDED 31 MARCH 2025 The Trustees have pleasure in presenting their report t(Wher wlth tr recelpts and payments of the Charity for the period ending 31 March 2025 uURE, GOVERNANCE AND MANAGEM Governing document The charity is governed by a constitutyon and registered on 9th September 2020 as a Charitable Incorporated organi5ation. The Gwent Baptist Association, part of the overall structure of the Baptist Union of Wales, represents and assists a neOrk of independent Baptist churches and Chapels in Gwent. Board of Trustees The charity is organised, and p)licy implemented through the Ix)ard of trustees who nornially meet once a half scholastic tem. Election to the Board Trustees are elected from membership vath one trustee appointed lry the Baptist Unlon of Wales OBJECnVES AND AcrivrrIES The objett of the Association is the advancement of the Christian rel[On In the tounty of Gwent according to the prinaples of the Baptist denomination. The Association okErates, but not exclusively, through any of the following means: to spread the Good News of Jesus Christ as revealed in the Bible; to support churches in Gwent in maintaining ministries and asssting them In engaging in mission work; to nurture among its memters respx love and co-operation for and with one another while acknowledging the Independen of every church in matters relating to its own government and discipline; to confer and seek co-operation wrth Baptists in Gwent arKI other parts of Wales and the UK and other churches and Christian bcKlies in mattets relating to the Kingdom of airist. to safeguard the properties and interests of the Asscmiation and the thurches, and to consider the most appropriate means to nurtu these resource5 for the gcKid of the A5sociatlon, the thurches and the ngdom of Christ; to use any other means in hamony with the main aim of the A550ciation, as declded by the Assoaation's Council from time to time, in order to further the work of the denomination in Gwent. The Association awards grdnts from time to time to churches in the denomination to help cover the costs of ministy. It also makes small grants (up to £2,OCMJ) to thur and other organisations who arrange community activitie5 and iniUative5 With a dear-ffli55lon f~. All the work of the As9xiatlon is volunteer based. Page 2
THE GWE BAFTIsf ASSOCIATION TRUTh, REPORT PERIOD ENDED 31 MARCH 2025 ACHIEvEmErS AND PERFORMANCE The Gwent Baptist Association has werienced a year marked by signtficant developments. The chief of these is the overhaul of the way in which the Baptist Union of Wales A5yxiation structure is organised - with Gwent's model as a CIO being adopted across Wales. This ha5 brought a renewed enthusiasm and focus on the missional agenda of Association life, and the past year has seen a deliberate focus on this asFert of our work. Moving forward, we will look to see how creattvely and imaginatively we might embed a missional strategy into Association life and to this end have LEgun to prayerfvlly consider the appointsnent of a Missional Strategist. The ongoing collabor7tive work within the Assc(iation (facllitating children s and youth work in particular) has been especially encouraging. The annual Holiday Bible Clubs (held in many Association churches) have been a wonderful time of community engagement and missional outreach facilitated in great measure by our wonderful relationship with South Korean American workers from Churches in the United States of America and facilitAted by the Rev Peter Cho from Tabernacle Baptist Church, Newbridge. We have also continued to see our monthly youth fttussed wort Yhe Gathering, develop and grow as, month by month, young people gather tc4Jether from across ASlatiOn churches for food and fellowship at Bethesda Baptist Church, Rogerstone under the leadership of Rev rim Moody and Mrs Helen Jones. Regular meetings of the Ministers Space, a time of fellowship and mutual support and encouragement for Association ministers (facilitated by Rev Fuchard Miles), have continued to be highly valued appreciated. •• The Association has continued to provide subslantial prayerful and financial grant support to its churches, addressing challenges posed by the ongoing C05t-of-Living Crisis, dedining numbers and other associated issues. To this end the Superintendency team has continued to develop meaningful and closer working relationships with Association Churches and we are indebted to Rev Suzanne Roberts, Rev Huw Stevens, Rev Sue Phillips and Rev Richard Miles for their work in this regard. We have continued to provide suptK)rt for Churche5 where and when necessary, including continuing to help facilitate Bible Study groups, Ladies feilowships and Sunday ministry.
THE GWENT BAFrtsr ASSOCIATION TRuE5, REPORT PERIOD ENDED 31 MARCH 2025 FINANCIAL REVIEW The Associatlon does not have a set reserve FK)licy but suffiaent funds in its deposit account. The Association s small regular income derives from paid annually by member thurches. From time to time, the Association is the recipient of legacies from thurche5lchapels which close. Most expenditure is met from funds transferred from the deposit account.
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Gwent Baptist Associa On accounts for the year onded 31° March 2025 Charity no (If any) 1191223 Set out on pages 6-7 I report to the trustees on my examinatK*n of the accounts of the abov8 charrty (Ihe Trusf) for the year erKled 3110312025. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in acco[dan with the requirements of the Charities Act 2011 Cthe Acr). I report in respect of my examination of the Trusys aountS Caled out under section 145 of the 2011 Act and in carying oul my examination, I have follovrfed the applicate Directions given by the Chanty Commission under section 145(5)(b) of the Act I have completed my examination. I confimi that no material matters have ome to my attentson in conrertion with the examination lCh gives me cause to believe that in. any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do rK)t a(xord wilh the accounting records Independent examine$ statement I have no concems and have come rn)ss no other matters in connection with the examination to whth attention should be drawn in order to enable a proper understanding of ts accounts to be read. Slgned: Date: 0410912025 Name: Kevin lan Coultard Relevant professional qualification(s) or body (rf any): BA {Hons) Business & Finan ACCA (plq) Address: 23 Rhyswg Road Abercam Newport NP11 5HB dge5 IER October 2018
THE GWENT WTIST A550aATION YEAR ENDED 31 MAROI 2025 RECEIPTS AND PAYMENTS ACMUI Unfestrirted Gera1 Furhjs Unr&triLxed QJF Funds Totsl Funds 2025 rotal Funds 2024 RECE5PTS As5LKiation Fees Le8aties Legacies COIF Account Visiting Ewdngelist s)t Sundries Donati$ 1.61950 1.61950 1,287.50 0.00 0.00 350.rxj 322.08 350.(AI 322.08 2291.58 2291.58 L695.(K) Investment IrK(me COIF accouffc Inte$t NS & I Investment AC lrterest 5227.75 5227.75 5.421.27 140.78 TOTAL RECEIFTS 2291.58 5.227.75 7.519.33 7,257.05 PAYMÉNIS Grants Donations- 8MS Donations- Other Sundries Administration BUW SubsCriptis Events Ministerial Gronts visiti Evangelist 5270.IX) 285.lYJ 5270.C¥J 285.(K) 23,7(.() 412.50 1,247.(K) om om 89.50 728.89 2(XI.LKI 750.32 728.89 275.47 615.47 28J).58 7,107.61 750.32 9,151.29 9,151.29 TOTAL PAYMENTS 7.323.71 9.ISI.29 16.475.(KS 33,698.63 IEXPENDrruREI/INCOI 15.032.131 13323541 18.955.67) 126,441.581 RECONauATION OF FUNDS Total funds brought fokward Transfer between funds 8396.98 l(YJ27233 144,1109 144.110.89 TOTAL FUNOSfARRIEDFORWARD 3J64.85 105,Y8.79 108,713.64 117,669.31 Pa8e 6
THE GWENT BAPTLST A550aATION YEAR ENDED 31 MARiif 21n5 STATEMENT OF ASSETS AND UA8ILtnES Unrestricted Gera1 FuryJ5 unrtric(ed COIF Funds Totsl FurK15 2025 Totsl Funds 2024 A55ets Cosh Funds 8arCIa Bank NS & I InbEstm&nt Account General NS & I Intment Account memorial COIFtharities Deposit FUMI 3364.85 3364.85 8J96.98 10534&79 105.348.79 109,272.33 TOTAL FUNDS 3364.85 1(6348.79 117ffi6931 NO OTHER ASSETS HELD TOTAL ASSETS 3364.85 105,34&79 I76• 117$9.31 As at 31st March 2025 tTr We Th) liabilities The finarKial ststemerrts We aprod Iwthe ttsrtl of Slgned on its ty. .. And were Page 7