2023-12-31-accounts - Gateway Church - Bridgend Valleys

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

GATEWAY CHURCH

BRIDGEND VALLEYS

______

REPORT AND ACCOUNTS

FOR THE PERIOD 20th JULY 2022 to 31st DECEMBER 2023

_______

C Management Services 69 Velindre Road Whitchurch Cardiff CF14 2TF

GATEWAY CHURCH BRIDGEND VALLEYS

FOR THE PERIOD ENDED 31[ST] DECEMBER 2023

CHARITY INFORMATION

Trustees:

Joshua Matthews David Burnell Anne Wilson Katie-Jayne Thomas

Charitable position:

Registered Charity number 1199717

Governing Document: CIO Foundation Constitution dated 20[th] July 2022

Address for correspondence:

Independent Examiner:

Bankers:

Tondu Cricket Club Bryn Road Tondu BRIDGEND CF32 9EB Paul Burnell ACMI C Management Services 69 Velindre Road Whitchurch CARDIFF CF14 2TF National Westminster Bank Ltd 28 Adare Street Bridgend CF31 1EN

	CONTENTS
		Page
Charity Information		2
Trustees Report		3-4
Independent Examiners Report		5
Statement of Financial Activities		6
Statement of Assets and Liabilities		7
Notes to the Accounts		8

REPORT OF THE TRUSTEES

FOR THE PERIOD ENDED 31st DECEMBER 2023

The Trustees have pleasure in submitting the Report and Accounts for the year to 31[st] December 2023.

Objects of the Charity

The Object of the CIO is the advancement of the Christian faith in particular (but without limitation) by providing worship, prayer and Christian teaching.

Structure, Governance and Management

Gateway Church Bridgend Valleys, a Charitable Incorporated Organisation, is governed by a board of trustees, appointed by a properly convened meeting of the board of trustees. Trustees will meet at least two times per year to make decisions regarding the structure, governance, financial operations, and other relevant business.

The income of Gateway Church Bridgend Valleys is comprised of charitable giving by organisations and individuals, either by monthly standing order or individual, “one off” donations, and grants from interested entities (be they government, business, or otherwise).

Responsibilities of the Trustees

Charity law requires the Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.

We are required to:

Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Our Aims and Objectives

The advancement of the Christian faith in the Bridgend Valleys Gateway Area.

Activities this last year

The objective given above has been met by activities undertaken by Gateway Church - Bridgend Valleys. In particular:

Sunday Worship Meetings. These have been held every Sunday morning at Tondu Cricket Club. Generally, 20-30 people are in attendance and a kids club for Primary school-aged children is incorporated into the meeting.
Mid-week Meetings. During term time, these have been held in 6 Highfield Place to nurture the congregation through Bible teaching, prayer and fellowship.
Seasonal Outreach Activities. These have included Christmas events (e.g., Wreathmaking workshop), Easter events (e.g., a successfully attended community Easter Egg hunt), and a Light Party (alternative to Halloween celebrations).

Public Benefit requirement

In planning the activities the Trustees have applied the guidance issued by the Charity Commission on public benefit in December 2008.

Financial Review

Finances are reviewed at each trustee meeting, with an annual review of accounts to be carried out at the end of year and submitted to the Charities Commission.

Plans for Future Periods

With the establishment of regular and seasonal activities, Gateway Church has made a solid foundation of trust and rapport with the immediate community. In the year ahead we plan to:

Maintain and improve our regular and seasonal activities.
Build links with the community through ad-hoc events, considering new ministries and deepening our relationship with Brynmenyn Primary School.
Explore a new venue as a permanent, community-centred and kingdom-designated space for continued Christian witness.

Independent Examiner

Paul Burnell of CMS was appointed as the organisation’s independent examiner during the year.

This Report was approved by the Trustees on 24[th] October 2024 and is signed on their behalf by

Joshua Matthews

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF

GATEWAY CHURCH BRIDGEND VALLEYS

I report on the accounts of the Trust for the period ended 31[st] December 2023, which are set out on pages 4 to 7.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the 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 you as 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

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Burnell

Paul Burnell ACMI 24[th] October 2024

C Management Services (trading name of C Mgmnt Services Ltd) 69 Velindre Road Cardiff CF14 2TF

GATEWAY CHURCH BRIDGEND VALLEYS

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE PERIOD ENDED 31[st] DECEMBER 2023

Note RECEIPTS Receipts from generated funds 2 Receipts from charitable activities 3 Other receipts 4 Interest received Total Receipts PAYMENTS Charitable activities 5 Total payments Net Receipts/(Payments) Transfers between funds Fund balances at 20thJuly 2022 Fund balances at 31st December 2023	Unrestricted Funds £ Restricted Funds £ Total Funds 2023 £ 40,519 - 40,519 - - - 7,500 - 7,500 - - -
	48,019 - 48,019
	8,276 - 8,276
	8,276 - 8,276
	39,743 - 39,743 - - - - - -
	39,743 - 39,743

The notes on page 6 form part of these accounts.

GATEWAY CHURCH BRIDGEND VALLEYS

STATEMENT OF ASSETS AND LIABILITIES

FOR THE PERIOD ENDED 31[ST] DECEMBER 2023

1. Fixed Assets

The value of assets owned are: Equipment 2. Bank & Cash Balances Cash at bank and in hand 3. Other Assets and Liabilities Assets Gift aid tax recovery not yet received Liabilities Unbilled fee for Independent Examination	Insurance Value 2023 £ 5,000 5,000 2023 £ 39,743 39,743 2023 £ - 100 100

The accounts were approved by the Trustees and signed on their behalf on 24[th] October 2024

Joshua Matthews

The notes on page 8 form part of these accounts.

GATEWAY CHURCH BRIDGEND VALLEYS

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2023

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities

2. Voluntary receipts Gift Aid donations Other donations Tax recovered 3. Receipts from charitable activities Income 4. Other Receipts Grants 5. Charitable activities a. Direct Charitable Costs Employment costs Ministry costs b. Support and Administration Premises costs c. Grants Hardship support	Unrestricted Funds £ Restricted Funds £ Total Funds £ - - 1- 40,519 - 40,519 - - -
	40,519 - 40,519
	- - -
	- - -
	Unrestricted Funds £ Restricted Funds £ Total Funds £ 7,500 - 7,500
	7,500 - 7,500
	Unrestricted Funds £ Restricted Funds £ Total Funds £ 5,758 1,678 - 5,758 1,678
	7,436 - 7,436
	840 - 840
	840 - 840
	- - -
	- - -

6. Staff and Trustees

The charity has two part-time employed staff. Its activities are generally carried out by volunteers.

No remuneration or trustee expenses were paid to any trustee during the period, nor to any person connected to them other than salary and pension payments to Kate Thomas and her husband Rhod Thomas totalling £5,758.