2024-03-31-accounts - Grangetown Baptist Church

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GRANGETOWN BAPTIST CHURCH

______

REPORT AND ACCOUNTS

FOR THE YEAR ENDING 31[ST] MARCH 2024

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C Management Services 69 Velindre Road Whitchurch Cardiff CF14 2TF

GRAMGETOWN BAPTIST CHURCH

FOR THE YEAR ENDED 31[ST] MARCH 2024

CHARITY INFORMATION

Trustees:	Ian James Parry
	Richard Thomas MacDonald
	Timothy Shaun Prive (resigned 31/12/22)
	Elizabeth Joy Parry
	Sandra Maud Mcfarlane (resigned 30/11/22)
	Alan Arthur Cowley
	John David Wilding (deceased 7/8/22)
	Dr Michael Sheen
	David Llewellyn James (appointed 25/1/23)
	Daniel King (appointed 25/1/23)
	Malcolm Firth (appointed 1/4/23)
Treasurer:	David Llewellyn James
Charitable position:	Registered Charity number 500597
Governing Document:	Trust dated 4thJanuary 1971
Address for correspondence:	Grangetown Baptist Church
	Clive Street
	Grangetown
	Cardiff
	CF11 7HP
Independent Examiner:	Paul Burnell ACMI
	C Management Services
	69 Velindre Road
	CARDIFF
	CF14 2TF
Bankers:	Co-operative Bank
	1 Balloon Street
	Manchester
	M60 4EP
	CONTENTS
	Page
Charity Information	2
Trustees Report	3
Independent Examiners Report	4
Statement of Financial Activities	5
Statement of Assets and Liabilities 6
Notes to the Accounts	7

GRANGETOWN BAPTIST CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31[ST] MARCH 2024

The Trustees have pleasure in submitting the Report and Accounts for the period ended 31st March 2024.

Throughout this year (April 2023-March 2024) we have continued to pursue our charitable objectives.

Our regular Sunday Services have continued and attendance has grown significantly, regularly reaching 120 people on a Sunday morning, with many visitors and the gallery in use.

We have added to our staff by employing two additional workers on a part-time basis. Their focus is in reaching out to the international community around us.

The English Classes continue to grow with up to 80 students in attendance on Thursdays and Fridays.

The Toddlers Group has gone from strength to strength with about thirty children in attendance.

Foodbank and Food Market continue to meet the needs of our community, with about 100 people coming on a Friday lunchtime to receive food parcels.

People have come to our Sunday services through all of these ministries. Our weekly prayer meeting continues and is growing. Our membership has continued to grow. It is now about 75 people.

Sunday School and Town Kids continued to be well attended.

Over the year we have initiated and completed a number of maintenance and refurbishment projects on the building. This work continues. We are also currently pursuing some major building works to renew our boilers and heating system as well as to create more space for the activities of the church

Our online presence continues also. We stream our Sunday Services and a daily livestream at 8.45am Tuesday to Friday during school terms continues also.

Our financial situation continues to be stable despite the significant increases in expenditure.

We to look to God to continue to build his church in the year to come.

This report is signed on behalf of the Trustees on 29th May 2024 by

Ian Parry

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF

GRANGETOWN BAPTIST CHURCH

I report on the accounts of the Trust for the period ended 31[st] March 2024, which are set out on pages 9 to 12.

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 of the Charities Act 2011 (the Charities 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 material matters have come to my attention which gives me reasonable cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the accounting records

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Burnell

Paul Burnell ACMI 29th May 2024

For and on behalf of:

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

GRANGETOWN BAPTIST CHURCH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31[st] MARCH 2024

Note RECEIPTS Receipts from generated funds 2 Receipts from charitable activities 3 Other receipts 4 Interest received Total Receipts PAYMENTS Charitable activities 5 Governance costs Loan Repayments Total payments Net Receipts/(Payments) Transfers between funds Correction to last year’s unrestricted figure Fund balances at 1st April 2023 Fund balances at 31st March 2024	Unrestricted Funds £ Restricted Funds £ Total Funds 2024 £ Total Funds 2023 £ 97,563 - 97,563 70,767 - - - - 9,085 26,800 35,885 40,972 28 - 28 78
	106,676 26,800 133,476 111,817
	114,400 26,800 141,200 99,221 - 4,800 - - - 4,800 - 4,800
	119,200 26,800 146,000 104,021
	(12,524) - (12,524) 7,796 - 78 - - - 64,432 755 65,265 57,469
	51,986 755 52,741 65,265

The notes on page 7 form part of these accounts.

GRANGETOWN BAPTIST CHURCH

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31[ST] MARCH 2024

1. Fixed Assets

		Insurance Value
		2024	2023
		£	£
	The value of assets owned are:
	Buildings	4,238,234	3,918,140
	Equipment	155,344	155,344
		4,393,578	4,073,484
2.	Bank & Cash Balances
		2024	2023
		£	£
	Cash at bank and in hand	52,741	65,265
		52,741	65,265
3.	Other Assets and Liabilities
		2024	2023
		£	£
	Assets
	Gift aid tax recovery not yet received	-	-
	Liabilities
	Unbilled fee for Independent Examination	180	180

The accounts were approved by the Trustees and signed on their behalf on 29th May 2024 by David Llewellyn James as Treasurer

Signed:

The notes on page 7 form part of these accounts.

GRANGETOWN BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] MARCH 2024

1. Accounting Policies

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

2. Voluntary receipts Donations 3. Receipts from charitable activities Conferences and events 4. Other Receipts Grant received Rent Other income 5. Charitable activities a. Direct Charitable Costs Salaries & staff expenses Ministry expenses Youth & children Evangelism b. Support and Administration Premises rental and expenses Administration and general expenses Insurance & professional fees Catering Training c. Grants World Mission Benevolent gifts	Unrestricted Funds £ Restricted Funds £ Total 2024 £ Total 2023 £ 97,563 - 97,563 70,767
	97,563 - 97,563 70,767
	- - - Unrestricted Funds £ Restricted Funds £ Total 2024 £ Total 2023 £ - 26,800 26,800 31,300 8,535 550 - - 8,535 550 8,295 1,377
	9,085 26,800 35,885 40,972
	Unrestricted Funds £ Restricted Funds £ Total 2024 £ Total 2023 £ 63,661 26,800 90,461 52,326 6,194 691 3,148 - 6,194 691 3,148 5,010 966 2,381
	73,694 26,800 100,494 60,683
	31,460 - 31,460 24,668 4,064 - 4,064 4,245 1,721 - 1,721 4,389 567 197 - - 567 197 857 666
	38,009 - 38,009 34,825
	1,767 - 1,767 1,379 930 - 930 2,334
	2,697 - 2,697 3,713

6. Staff and Trustees

The charity has three employed members of staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

The Pastor, Ian Parry, who is also a Trustee, was employed and received a salary of £44,450 in his capacity as Pastor of the church.

No remuneration or trustee expenses were paid to any other trustee during the year, nor to any person connected to them.