## **Tabernacle Welsh Baptist Church Carmarthen Investment Trust** 

**Charity Number:  505252** 

## **Report of Trustees And Financial Statement** 

**For the year ended 31[st] . December 2023** 



## **Tabernacle Welsh Baptist Church Carmarthen- Investment Trust** 

## _**Report of Trustees**_ 

## _**For the Year ended 31[st] December 2023**_ 

On behalf of the Trustees, it gives me pleasure to present the annual report. 

The control of the charity rests with the trustees and the affairs of the Charity are conducted by the Deacons Board who meet regularly throughout the year.  The Secretary and the Treasurer / Financial Secretary manage the day-to-day business. The Church is grateful for the valuable contribution to its work made voluntarily. This includes not only that made by its Officers but by deacons who give their time serving on committees and also to others who contribute actively in support of the Church. 

The principal object is to foster and advance the Christian Religion. The Church holds and receives funds for the payment of the Minister/Visiting Preachers and for the maintenance and upkeep of the church buildings. 

The active review and management of funds is delegated, in the first instance, to the Finance Committee which reports directly to the Deacons. The Finance Committee meets regularly during the year to receive reports from the Treasurer and to review the performance of investments. We believe that systems have been established to mitigate the risks financial and nonfinancial and these are reviewed from time to time. 

The Church receives its funding from a variety of sources, but in the main from donations from its members. A detailed financial report is produced at 



the end of the year giving particulars of each individual contribution for all members.  The Trustees consider the Church finances to be sound and that it is able to continue to fulfil its obligations. 

The Church with it’s Gofalaeth has been actively seeking a new Minister over the last few years, but has failed in its endevours.  It is now in discussions with other Churches within the locality to form a larger Gofalaeth of 6 Churches in the hope of attracting a new Minister 

D E James Secretary 01 June 2024 



**Tabernacle Welsh Baptist Church** Registered Charity No 505252 Waterloo Terrace, Carmarthen 

Accounts for the year ending 31st December 2023 

|Prepared by:|Mr P Bowen||
|---|---|---|
||Preseli||
||Capel Dewi||
||Carmarthen|SA32 8AD|
||Tel 01267290672||
|Independently Examined by:|||
||Mr D H Jones|FCIB|
||Erw'r Graig||
||Peniel||
||Carmarthen|SA32 7DJ|
||Tel 01267233987||





## **Tabernacle Welsh Baptist Church Carmarthen** 


**----- Start of picture text -----**<br>
General Account<br>**----- End of picture text -----**<br>


|Balance :<br>1st January2023<br>Current Account<br>38,072.46<br>£<br>Cymdeithas Y Tair Eglwys<br>465.01<br>£<br>Receipts including Maturity of Investments<br>Payments<br>Payments including re investments<br>End of year Current Account Balance at HSBC<br>Balance :<br>Cymdeithas y tair Eglwys<br>Current Account<br>Balance Sheet as at 31st December 2023|38,537.47<br>£<br>185,015.40<br>£<br>223,552.87<br>£<br>197,658.90<br>£|
|---|---|
||25,893.97<br>£|
||25,436.06<br>£<br>457.91<br>£|
||25,893.97<br>£|



## **Payments Exceed Receipts by £12,643 50** 

independently examined and found correct: D H Jones FCIB Dated 19-Jan-24 



## **Tabernacle Welsh Baptist Church Carmarthen** 

General Account 

|Receipts<br>Members Contributions<br>17,306.00<br>£<br>Other Contributions<br>569.00<br>£<br>Various Donations<br>Investment & Bank Interest<br>3,292.54<br>£<br>HMRC<br>3,524.58<br>£<br>Collections for Various Charities<br>Use of Chapel & Vestry<br>550.00<br>£<br>Other receipts<br>4,926.50<br>£<br>Investments Maturing<br>Shortfall for the year<br>_Payments_<br>Salary & Employers NI<br>-<br>£<br>Emplyers NI<br>-<br>£<br>Travelling Expenses<br>-<br>£<br>Occassional Sunday Ministry<br>**Annual Costs**<br>Lighting & Heating<br>2,269.35<br>£<br>Water Rates<br>474.62<br>£<br>Annual Reports<br>310.00<br>£<br>Cleaning Chapel & Vestry<br>858.07<br>£<br>Sundries<br>209.57<br>£<br>Boiler Maintenance<br>478.64<br>£<br>Postage, Paper and Envelopes<br>84.96<br>£<br>Organ & Piano Maintenance<br>4,806.00<br>£<br>Fire Apliance Maintenance<br>247.68<br>£<br>Administration<br>375.00<br>£<br>Insurance's<br>2,734.32<br>£<br>Memberships<br>2,743.50<br>£<br>Building & Grounds Maintenance<br>Donations to Various Charities<br>Reinvestments with HSBC and St James<br>Other Costs & Payments<br>Maintenance on Chapel House<br>10,031.28<br>£<br>Christian Magazine<br>67.32<br>£<br>Cymdeithas y Tair Eglwys<br>343.00<br>£<br>Receipts and Payments for 2023|17,875.00<br>£<br>700.00<br>£<br>6,817.12<br>£<br>1,026.29<br>£<br>5,476.50<br>£<br>153,120.49<br>£<br>12,643.50<br>£<br>197,658.90<br>£<br>-<br>£<br>2,685.00<br>£<br>-<br>£<br>15,591.71<br>£<br>18,040.59<br>£<br>900.00<br>£<br>150,000.00<br>£<br>10,441.60<br>£|
|---|---|
||**197,658.90**<br>**£**|





**Tabernacle Welsh Baptist Church** Registered Charity No 505252 Waterloo Terrace, Carmarthen 

Accounts for the year ending 31st December 2023 

|Prepared by:|Mr P Bowen||
|---|---|---|
||Preseli||
||Capel Dewi||
||Carmarthen|SA32 8AD|
||Tel 01267290672||
|Independently Examined by:|||
||Mr D H Jones|FCIB|
||Erw'r Graig||
||Peniel||
||Carmarthen|SA32 7DJ|
||Tel 01267233987||





## **Tabernacle Welsh Baptist Church Carmarthen** 


**----- Start of picture text -----**<br>
General Account<br>**----- End of picture text -----**<br>


|Balance :<br>1st January2023<br>Current Account<br>38,072.46<br>£<br>Cymdeithas Y Tair Eglwys<br>465.01<br>£<br>Receipts including Maturity of Investments<br>Payments<br>Payments including re investments<br>End of year Current Account Balance at HSBC<br>Balance :<br>Cymdeithas y tair Eglwys<br>Current Account<br>Balance Sheet as at 31st December 2023|38,537.47<br>£<br>185,015.40<br>£<br>223,552.87<br>£<br>197,658.90<br>£|
|---|---|
||25,893.97<br>£|
||25,436.06<br>£<br>457.91<br>£|
||25,893.97<br>£|



## **Payments Exceed Receipts by £12,643 50** 

independently examined and found correct: D H Jones FCIB Dated 19-Jan-24 



## **Tabernacle Welsh Baptist Church Carmarthen** 

General Account 

|Receipts<br>Members Contributions<br>17,306.00<br>£<br>Other Contributions<br>569.00<br>£<br>Various Donations<br>Investment & Bank Interest<br>3,292.54<br>£<br>HMRC<br>3,524.58<br>£<br>Collections for Various Charities<br>Use of Chapel & Vestry<br>550.00<br>£<br>Other receipts<br>4,926.50<br>£<br>Investments Maturing<br>Shortfall for the year<br>_Payments_<br>Salary & Employers NI<br>-<br>£<br>Emplyers NI<br>-<br>£<br>Travelling Expenses<br>-<br>£<br>Occassional Sunday Ministry<br>**Annual Costs**<br>Lighting & Heating<br>2,269.35<br>£<br>Water Rates<br>474.62<br>£<br>Annual Reports<br>310.00<br>£<br>Cleaning Chapel & Vestry<br>858.07<br>£<br>Sundries<br>209.57<br>£<br>Boiler Maintenance<br>478.64<br>£<br>Postage, Paper and Envelopes<br>84.96<br>£<br>Organ & Piano Maintenance<br>4,806.00<br>£<br>Fire Apliance Maintenance<br>247.68<br>£<br>Administration<br>375.00<br>£<br>Insurance's<br>2,734.32<br>£<br>Memberships<br>2,743.50<br>£<br>Building & Grounds Maintenance<br>Donations to Various Charities<br>Reinvestments with HSBC and St James<br>Other Costs & Payments<br>Maintenance on Chapel House<br>10,031.28<br>£<br>Christian Magazine<br>67.32<br>£<br>Cymdeithas y Tair Eglwys<br>343.00<br>£<br>Receipts and Payments for 2023|17,875.00<br>£<br>700.00<br>£<br>6,817.12<br>£<br>1,026.29<br>£<br>5,476.50<br>£<br>153,120.49<br>£<br>12,643.50<br>£<br>197,658.90<br>£<br>-<br>£<br>2,685.00<br>£<br>-<br>£<br>15,591.71<br>£<br>18,040.59<br>£<br>900.00<br>£<br>150,000.00<br>£<br>10,441.60<br>£|
|---|---|
||**197,658.90**<br>**£**|