REGISTERED CHARITY NUMBER: 515271
REPORT OF THE TRUSTEES AND
UNADITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
FOR PONTYPRIDD CHRISTIAN CONCERN
Paul Westwood FCCA 37 Bonvilston Road Pontypridd Rhondda Cynon Taff
CF37 4RE
PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 7 to 11 |
PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES Objectives and aims Pontypridd Christian Concern is a Registered Charity No 515271 set up to advance Christian Religion by encouraging Christians to think Biblically and to apply Biblical principles to every aspect of life, by the encouragement of missionary work and the relief of poverty.
The Constitution was formerly adopted on 23rd May 1984.
In furtherance of the above object but not further or otherwise, PCC may:
(i) Establish centres for Christian counselling and outreach;
(ii) Employ and remunerate staff not being a member of the committee and make all reasonable and necessary provision of the payment pf pensions and superannuation to or on behalf of employees and their widows and other dependents;
(iii) Raise funds by way of contributions, subscriptions, donations, grants or any other lawful method for or towards the purpose of PCC, but no form of permanent trading shall be undertaken;
(iv) Do all such lawful things as are necessary for the attainment of the objects.
ACHIEVEMENT AND PERFORMANCE This year saw a continuation of the charity's work on a number of fronts as detailed in this report. Developments have been made in our links with Pembrokeshire and with other groups.
Young people
PCC led youth activities, designed to develop life skills faith and character continued during the year. PCY (Pontypridd Christian Youth) continued to meet at various locations on a Friday evening during term time, mixing evening of Bible study with social events and a weekend away.
Premises
The premises in Church Street, Pontypridd continue to be the focus for a range of activities during the year. It was decided to close Harvest Books & Crafts in July 2021, following the closure an agreement was reached with Purple Shoots, another registered charity to rent the premises from PCC.
Work in the Community
The Youth Worker has continued to be an integral part of the various youth activities in Pontypridd and to focus on work at Rhydyfelin. He arranges and leads the summer youth camp and visits local primary schools to take assemblies.
World Focus
Fund raising to support children's work in South America continued with the proceeds being earmarked to support the Nandejara children's homes in Paraguay. The home currently has 12 children resident along with 2 Adults with learning difficulties.
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW Reserves policy At the end of this financial year the level of reserves was £250,189 (2021: £252,036). However, the available funds after excluding fixed assets, the associated loans and restricted funds is £69,915 (2021: £71,762).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Pontypridd Christian Concern is a Registered Charity No 515271 set up to advance Christian Religion by encouraging Christians to think Biblically and to apply Biblical principles to every aspect of life, by the encouragement of missionary work and the relief of poverty.
The Constitution was formerly adopted on 23rd May 1984.
Recruitment and appointment of new trustees These shall be appointed by the General Committee and shall be not less than four in number. The General Committee has the right to remove a trustee should a trustee commit a breach of trust. All decisions of the trustees are to carried by a simply majority.
All trustees must signify annually in writing the acceptance of doctrinal basis of Pontypridd Christian Concern.
Organisational structure
The General Committee appoints trustees. Trustees responsible for the Charity during 2021 - 2022 were :
Dr G Lloyd Mr J Phillips Mr A Southgate Mrs E P Davies Dr K M Hughes Mr H A Smith
The Committee members for 2021 - 2022 were as follows:
Dr G Lloyd Chairperson Dr K Hughes Secretary Mr A Southgate Treasurer Dr G Lloyd Public Relation Officer
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 515271
Principal address
6 Ralph Street Pontypridd CF37 4RS
Trustees
Mr A M Southgate Mr J Phillips Dr G Lloyd Mrs E P Davies Dr K M Hughes Mr H A Smith Mr G Herbert (Retired – May 2021)
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Independent examiner
Mr P Westwood
FCCA
37 Bonvilston Road Pontypridd Rhondda Cynon Taff CF37 4RE
Approved by the order of the board of trustees on ______ and signed on its behalf by:
_____ Mr A M Southgate – Trustee
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the trustees of Pontypridd Christian Concern
I report to the charity trustees on my examination of the accounts of the Pontypridd Christian Concern (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Mr P Westwood FCCA 37 Bonvilston Road Pontypridd Rhondda Cynon Taff CF37 4RE
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
----- Start of picture text -----
Total Total
Unrestricted Restricted funds funds
fund funds 31/03/22 31/03/21
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,928 13,729 22,657 32,024
Grants (Job Retention Scheme) 4,619 4,619 21,677
Investment income 2 2,239 2,239 -
Total 11,167 18,348 29,515 53,701
EXPENDITURE ON
Charitable activities 13,612 17,749 31,362 76,982
Charitable activities - - - -
Total 13,612 17,749 31,362 76,982
NET INCOME/(EXPENDITURE) (2,446) 599 (1,847) (23,281)
BEFORE TRANSFERS
Transfer between funds - - - -
Disposal of Fixed Assets - - - -
NET INCOME/(EXPENDITURE) AFTER (2,446) 599 (1,847) (23,281)
TRANSFERS
RECONCILIATION OF FUNDS
Total funds brought forward 249,179 2,857 252,036 263,260
TOTAL FUNDS CARRIED FORWARD 246,733 3,456 250,189 252,036
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Continuing Operations
All income and expenditure has arisen from continuing activities.
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2021
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Total Total
Unrestricted Restricted funds funds
fund funds 31/03/22 31/03/21
Notes £ £ £ £
Fixed Assets
Tangible assets 6 180,274 - 180,274 180,274
Current Assets
Debtors 7 17,108 1,692 18,800 20,715
Cash at bank and in hand 49,351 1,764 51,115 51,047
Creditors
Amounts falling due within one year 8 - - - -
Net Current Assets 66,459 3,456 69,915 71,762
Total assets less Current Liabilities 246,733 3,456 250,189 252,036
Net Assets 246,733 3,456 250,189 252,036
Funds 9
Unrestrcited funds 246,733 249,179
Restricted funds 3,456 2,857
Total funds 250,189 252,036
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The financial statements were approved by the Board of Trustees on ____ and were signed on its behalf by:
_____ Mr A M Southgate – Trustee
The notes from part of these financial statements
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
- Accounting Policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Investment Income
| Rental income Interest on Gift Aid |
31/03/22 £ 31/03/21 £ 2,212 - 27 - 2,239 973 |
|---|---|
3. Trustees’ Remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021
4. Staff Costs
The average monthly number of employees during year was as follows:
| 31/03/22 | 31/03/21 | |
|---|---|---|
| Charitable activities | 4 | 5 |
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5. Comparatives for the statement of financial activites
| Comparatives for the statement of financial activites | ites | ||
|---|---|---|---|
| Tangible Fixed Assets Freehold property £ Motor vehicles £ Totals £ Cost At 1 April 2021 and 31 March 2022 180,274 - 245,461 Disposal of Fixed Assets - - (65,187) 180,274 - 180,274 Depreciation At 1 April 2021 - - 7,961 Disposal of Fixed Assets - - (7,961) - - - Net book value At 31 March 2022 180,274 - 180,274 At 31 March 2021 180,274 - 180,274 Unrestricted fund Restricted funds Total funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,928 13,729 22,657 Grants (Job Retention Scheme) - 4,619 4,619 Investment income 2,239 - 2,239 Total 11,167 18,348 29,515 EXPENDITURE ON Charitable activities Charitable activities 13,612 17,749 31,362 Total 13,612 17,749 31,162 NET INCOME/(EXPENDITURE) BEFORE TRANSFERS (2,446) 599 (1,847) Transfer between funds - - - Disposal on Fixed Assets - - - NET INCOME/(EXPENDITURE) AFTER TRANSFERS (2,446) 599 (1,847) RECONCILIATION OF FUNDS Total funds brought forward 249,179 2,857 252,036 TOTAL FUNDS CARRIED FORWARD 246,733 3,456 250,036 |
Unrestricted fund £ 8,928 - 2,239 11,167 13,612 13,612 (2,446) - - (2,446) 249,179 |
Restricted funds £ 13,729 4,619 - 18,348 17,749 17,749 599 - - 599 2,857 |
Total funds £ 22,657 4,619 2,239 |
| 29,515 31,362 |
|||
| 31,162 (1,847) |
|||
| - - |
|||
| (1,847) | |||
| 252,036 |
6. Tangible Fixed Assets
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Freehold properties were revalued at market value in 2008 and the Trustees who consider there have been no material movement since the last external valuation. If freehold land and buildings had not been revalued they would have been included at the following historical cost:
| 7. Debtors: Amounts falling due within one year 8. Creditors: Amounts Falling Due within one Year 9. Loans An analysis of the maturity of the loans is given below: Cost Market value of freehold properties Other debtors Bank loans and overdrafts (see note 9) Taxation and social security Other creditors Amounts falling due within one year on demand: Bank overdrafts |
31/03/22 £ 17,000 180,274 31/03/22 £ 18,800 31/03/22 £ - - - - 31/03/22 £ - |
31/03/21 £ 17,000 |
|---|---|---|
| 180,274 | ||
| 31/03/21 £ 20,566 |
||
| 31/03/21 £ - - - - 31/03/21 £ - |
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PONTYPRIDD CHRISTIAN CONCERN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
10. Movement in Funds
| Unrestricted funds General funds Restricted funds Children’s Home/Adelfos Orphan Support (PCC PONT) Total Funds |
At 01/04/21 £ 249,179 1,700 1,157 2,856 252,035 |
Net movement in funds £ (2,446) 150 449 599 (1,847) |
At 31/03/22 £ 246,733 1,850 1,606 |
|---|---|---|---|
| 3,456 250,189 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General funds Restricted funds Children’s Home/Adelfos Orphan Support (PCC PONT) Salaries, Tax & NIC Total Funds |
Incoming resources £ 11,167 750 2,434 15,164 18,348 29,515 |
Resources expended £ (13,612) (600) (1,985) (15,164) (17,749) (31,361) |
Transfer between funds £ - - - - - - |
Movement in funds £ (2,446) 150 449 - |
|---|---|---|---|---|
| 599 (1,847) |
Children’s This refers to the funds raising to support the Nandejara children’s home Home/Adelfos in Paraguay. Orphan Support This relates to work undertaken in Mable, Uganda. Whilst work for (PCC PONT) orphans was an early outreach, this has now expanded to a number of initiatives.
Salaries, Tax, NIC This relates to the payments towards staff working as Youth worker and staff at Harvest Books and Crafts.
11. Related Party Disclosures
There were no related party transactions for the year ended 31 March 2022.
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