Dear Member
Please find enclosed the 2023 balance sheet, a list of bank accounts, invested funds and a brief summary below.
Income from collectons, standing orders and loose collectons
Increased to £11,118.46 as compared to £10,088.09 for 2022.
Sales, Weddings, Funeral fees, HMRC ref, Donaton, Vale Europe Hamper appeal, & Welsh Water poverty appeal
Income was £4,731.33 as compared to £5,371.42 for 2022.
Local Giving
Income from Local Giving was £1,248.50 as compared to £874.76 for 2022.
Grants Received
City & County of Swansea Ref: 730385 £ 200.00 Clydach Community Fund Ref: Gellionnen Sign 300.00 City & County Swansea Ref: Food Hamper appeal 200.00 General Assembly, Sustentation Fund Ref: Minister Stipend 1,250.00 South Wales Unitarian Society Ref: Publicity Notice Boards 500.00 Neath & Port CBC, Food Poverty Ref: Christmas Food Hampers 750.00 Total £3,200.00
Invested Funds
Income decrease to £5,262.42 as compared to £5,674.42 for 2022.
Total income & Expenditure re: G&G Current account, G &G Development account, and G & G Garden account
2023 2022 Income £25,561.27 Income £40,059.82 Expenditure £37,904.03 Expenditure £29,979.62 Trading loss £12,342.76 Trading Gain £10,080.20
The balance in our current account on 31/12/23 was £38,689.45. £1,748.56 is allocated to #Blessed. The balance sheet shows Visiting Ministers costs of £13,726.61. Actual cost of visiting ministers and speakers was £812.21 and stipend costs to Rev Rory Castle-Jones was £12,914.40
We donated £442 to local causes and £100.00 to The Unitarian College. Christmas food hampers and toys to the value of £1,923 were distributed locally.
We are fortunate that we are well supported by local councils, International business, local chapels, building societies, housing associations, private individuals and local businesses. This allows us to achieve much more than would be expected of a small chapel congregation.
Part of the stone wall at Gellionnen was rebuilt free of charge by a local business and the defibrillator was supplied free of charge. The Graig hall was rewired, a new kitchen installed, asbestos survey completed and a new fence installed at the front of the chapel. All free of charge by Tai Tarian.
Bank Saving accounts and Invested Funds
Our invested funds made capital gains of £15,700.99 as compared to losses of £15,063.38 for year 2022. Taking into account our trading loss of £12,342.76 total capital was reduced to £206.016 as compared to £207.779.75 for 2022
On 31/12/23 we had £48.817.30 in bank accounts and £157,845.57 invested in charitable funds. Of the £38,689.45 in bank accounts £20,000 will be invested in the CCLA Coif Charities Deposit Fund. (Withdrawals on demand) Income from these investments should increase to approximately £6,000 over the next few years.
The enclosed balance sheet for the General Account, Development Fund and the Gellionnen & Graig Garden account has been audited and signed off by Fergusons & Peters, Chartered Accountants, 4 High Street, Pontardawe. They also confirm that the list of bank and Investment Funds balances at 31/12/23 have been reconciled with the bank statements provided. Cost of the audit is £396 the same amount as 2023.
I would like to thank everyone for their generous contributions and support. Please contact me if you require any further information
Robert James, Treasurer. 15/07/24
BALANCE SHEET FOR YEAR ENDED 31ST DECEMBER 2023 INCOME EXPENDITURE BIF from 31112122 £ 7,516.62 £ 7,516.62 526.15 £ 526.15 £ 9,632.47 £ 9,632.47 Ministry Collections Envelope5 } Loose Slorders £ 5,145.46 Visiting Preachers £13.726.61 £ 13,726.61 £ 5,973.00 £11.118.46 Repairs Development Repairs CCTV Roof Repairs Garden Costs Security Charges 550.07 666.55 £ 2,013.60 £ 4,880.00 488.41 155.88 £ 8,554.51 Book Sales etc Wedding & Funeral Fees Harnper Appeal HMRC Transfer From Barclays Saver Welsh Water Refund Grants Transfer from Black Rock Local giving 182.48 860.00 500.00 £ 1,496.56 £31,130.69 749.54 £ 3,200.00 £ 11,669.23 £ 1,248.50 £ 51,037.00 Stationerylstampsl Newsletter/Hymn Books 300.53 £ 300.53 GA Quota £ 1,210.00 £ 1,210.00 Subscriptions 325.00 £ 325.00 Donations 943.41 £ 943.31 Building Insurance £ 3.298.09 £ 3,298.09 Investments Funds Dividends & Interest M& G Charifund £ 1,636.50 CCLA Coif Ethical 914.25 Blackrock Investment £ 2,711.67 £ 5,262.42 Accountancy 482.00 £ 482.00 utilities Water 774.89 ElectriGitylGas £ 1,227.09 £ 2,001.98 Payroll £ 2,729.64 Defib Cabinet 405.00 Grass Culling 695.00 Gift 25.35 Travel 311.70 AGM Tickets 125.00 Donation 542.30 Xmas HamperslDecoratior £ 1,923.09 Flowers 301.79 Goods 200.24 Signs 746.40 £ 8,005.31 Balance at 31112123 Balance at 31112123 Balance at 31112123 £ 38,689.45 37.74 £ 9,405.21 £ 86,036.43 £86,036.43 l am satisfied the above is an accurate summary of the movement on the accaunt for the year ending 31 December 2023 in the bank statements. I have obtained salisfactory explanations and seen documentary evidence to support the expenditure incurred. Fergusons & Peters Mr D Beniamous
Gorseinon Office: Ar1¢.. .4uu%i', 10 Wi'.%t Street. Cirirseinon, Svi<inst:a. . Fergusons(a4)eters SA4 4A4 (1) 01792 894375 CHARTERED ACCOUNTANTS I BUSINE55 ADVISERS Pontardawe Office: Gellionen and Graig Unitarian Chapel Ger y Coed 3 Cwrt Emily Birchgrove Swansea SA7 9GE .SA8 4HLI 01792 865420 iiilu,'&F(IllT(Isonr)-C¢).(-um 'IM'i.lergu%uiis-r.i.cuni Our ref: G135 9 July 2024 Dear Mr. James Please find enclosed the Income & Expenditure Account for the Year ended the 31 sl December 2023 which has been prepared from the books and records you have provided. We would also confirm that we have reconciled the list of bank and investment balances as of 31 $1 December 2023 with the bank statements that you have provided. We trust this clarifies the position, but should you have any further queries then please do not hesitate to contact us. In the meantime, we take this opportunity of enclosing our Fee Bill for your kind attention. Please do not hesitate to contact us if you have any queries. Yours sincerely, For and on behalf of Fergusons & Peters Chartered Accountants Beniamous FCCA rerg,u%(.'ns & F)titprs r5 a trdd;"py nJmia u! K B FprRJsnn l..mi:pd. R(IP,ifit?rgd in Walt'.% Yo, 058b(J324 R?gisteriJd dJ auditors in the UK by the As%ii.liiliuii ()f (-.hca.'torod Cprtified A(.c()untoll".t5 ICAEW CHARTERED ACCOUNTANTS Consultants.. '.gL£OII FCA