Dear Member
Please find enclosed the 2024 balance sheet, a list of bank accounts, invested funds and a brief summary below.
Income from collectons, standing orders and loose collectons
Increased to £12,12.28 as compared to £11,118.46 for 2023. Sales, Weddings, Funeral fees, HMRC refund & Donatons.
Income was £4,586.77 as compared to £4,731.33 for 2023.
Local Giving
Income via Local Giving was £903.18 as compared to £1,248.50 for 2023. Grants Received
Total of Grants received was £33,645 as compared to £3,200.00 for 2023 Neath & Port Talbot CB Council, Re : Food Poverty Grant £3,500.00 Listed Places of Worship Re: Roof repair,VAT refund, 780.00 Vale Europe Re: Pontardawe Pride 1,000.00 Hibbert Trust Re: Survey Costs Graig Hall 600.00 Vale Europe Re: Food Hamper Appeal 3,300.00 Neath & Port Talbot CBC Re: Food Poverty Grant 7,500.00 Vale Europe Re: New Oil boiler Graig 12,000.00 General Assembly Re: Sustentation Fund 1,500.00 Hibbert Trust Re: Costs of plans, Graig Hub 3,474.00 Total £33,654.00
Invested Funds
Income increased to £5,838.38 as compared to £5,262.42 for 2023.
Total income & Expenditure re: G&G Current account, G &G Development account, and G & G Garden account 2024 2023 Income £56,994.61 £25,561.27 Expenditure £79,203.45 £37,904.03 Trading loss (£22,203.45) Trading Loss (£12,342.76)
The Balance Sheet details Expenditure of £20.000.00 refers to a transfer to our CCLA Coif Charities Deposit Fund , thus our real trading loss was £2,203.45
The balance in our current account on 31/12/24 was £14,027.45. £1,748.56 is allocated to #Blessed.
Donatons
We donated £260 to local causes and £100.00 to The Unitarian College.
Our applications for grants was the most successful ever that allowed us to distribute toys and food hampers to the value of £12,300 and £1,000 to support Pontardawe Pride. We also managed to obtain £18,074 for the Graig Hub, £780 for repairs at Gellionnen and £1,500 towards the cost of ministry.
Bank Saving accounts and Invested Funds
Our invested funds made capital gains of £8,884.52 as compared to gains of £15,700.99 for 2023. Total capital increased to £207.246.17 as compared to £206.16.00 for 2023 The new Coif Charities Deposit fund interest will provide us with an income of approximately £800 a year as compared to the old Barclays Business Saving account that provided £40.00 yearly. On the 31/12/24 the Vale of Europe grant of £12,000.00 for the boiler and the Hibbert Trust grant of £3,747 for compiling plans for the Hub had not been spent
On 31/12/23 we had £25.961.46 in bank accounts and £181,284.71 invested in charitable funds.
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 31/12/24 have been reconciled with the bank statements provided. Cost of the audit is £432 as compared to £396 for 2023.
I wish to thank all that donate at our Sunday services , the increasing monthly standing orders and for the voluntary work, which are all vital to our running and growth. Please contact me if you require any further information
Robert James, Treasurer. 31/08/25
- GELLIONNEN & GRAIG BANK AND INVESTMENT FUNDS BALANCES: 31/12/2023 31/12/2024
| Bank Transfer 10/06/24 Coif Charites Deposit Fund Gellionnen & Graig Current Account |
Payments to Balances Income/ Fund Current account Balances 31/12/23 Interest Growth/Loss Expenditure from Funds 31/12/24 £20,000.00 £38,689.45 £53,500.61 £58,162.61 £ 14,027,45 |
|---|---|
Gellionnen Development Fund Gellionnen & Graig Garden Fund Graig Women’s League Bank Transfer 10/06/24 Coif Charites Deposit Fund M & G Investments, Charifund CCLA, Ethical Investment Fund . CCLA, Coif Charity Investment Fund . . Total |
£ 37.74 £ 0.00 £ 0.61 £ 37.13 £ 9,405.21 £ 3,494.00 £ 1,040.23 £ 11,858.98 £ 37.90 £ 37.90 £ £20,000.00 £ 433.87 £ 433.87 £ 20,000.00 £ 27.466.15 £ 2,019.89 £ 1,722.63 £ 27,763.41 £ 40,494.79 £ 2,291.13 £ 1,179.87 £ 41,606.05 £ 89,884.76 £ 4,532.50 £ 2,502.01 £ 91,915.25 £206,016.00 + £76,994.61 + £ 9,277.39- (£79,203.45)- (£ 5,838.38) = £207,246.17 |
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BALANCE SHEET FOR YEAR ENDED 31ST DECEMBER 2024 INCOME EXPENDITURE BIF from 31112123 £38,689.45 £ 38,689.45 37.74 £ 37.74 £ 9,405.21 £ 9,405.21 Ministry £ 16,241.54 Colledions Envelopes } Loose Slorders £ 5.253.28 £ 6,759.00 £ 12.012.28 Visiting Preachers £ 1,761.30 £ 18,002.84 Repairs Garden Costs New Heating System £ 3,174.93 £ 1,040.23 £ 11,385.60 £ 15,600.76 Garden Income Wedding & Funeral Fees 20.00 £ 2,510.00 Stationerylstampslxmasl NewsletterlHymn Books HMRC Grants Transferfrom Black Rock Local giving 664.29 £ 664.29 £ 1,371.77 £33,654.00 GA Quota 903.18 £ 38.458.95 £ 1.330.00 £ 1,330.00 Subscriptions 421.20 £ 421.00 Donations 685.00 £ 685.00 Building Insurance £ 3.718.53 £ 3,718.53 Investments Funds Dividends & Interest M& G Charifund £ 1,722.63 CCLA Coif De osit 433.87 CCLA Coif Ethical £ 3,881.88 Blackrock Investment Accountancy 5,838.38 509.00 £ 509.00 Utilities Water 123.26 ElectricitylGas £ 1330.65 £ 1.453.91 Payroll £ 3,609.20 Telephone 8.97 Grass Cutting 440.00 Gift 330.00 Interest Charges 0.61 Travel 20.00 Transfer to CCLA £20,000.00 Donation 360.00 Poverty Appeal Expenses £ 7.500.00 Flowers 156.23 Goods £ 1,801.36 Survey £ 900.00 Prid8 Appeal Expenses £ 999.90 Krtechen Appeal Expensec £ 1.304.85 Training 72.00 £ 37,503.12 Balan at 3111W24 Balan at 31112124 Balance at 31112124 14,027.45 37.13 11,858.98 £ 105,127.01 £ 105,127.01 l am satisfied the above is an accurate summary of the movement on the account for the year ending 31 December 2024 in the bank statements. I have obtained satisfactory explanations and seen documentary evidence to support the expenditure incurred. Fergusons & Peters Mr D Beniamous