| Reference | and Administrative | Details | |||||
|---|---|---|---|---|---|---|---|
| Charity Name | The United Reformed | Church (Wales) Trust | |||||
| Company Limited |
|||||||
| Charity Number | 1063214 | ||||||
| Company | Number | 00205248 | |||||
| Registered | Office | The United Reformed | Church | ||||
| Minister Road | |||||||
| Cardiff | |||||||
| South Glamorgan | |||||||
| CF23SAS | |||||||
| Company | Secretary | Mr Christopher Atherton |
|||||
| Trustees | Mr lan Lloyd-Parry | Chairperson: | Trust Appointed | ||||
| Mr Colin Grimes - | Trust Appointed | ||||||
| Ms Sandra Wallace | - Synod Appointed | ||||||
| Revd lan Kirby - Synod Appointed | |||||||
| Mrs Diane Moverley | - Synod Appointed | ||||||
| Mr Chris Bryne - Synod Appointed | |||||||
| In attendance | |||||||
| Revd Simon Walkling | |||||||
| Ms Helen Moohan |
|||||||
| Ex-officio | Ms Claire Boot | ||||||
| Solicitom | Hutchinson Thomas |
||||||
| Pendrill Court | |||||||
| 119London Road | |||||||
| Neath | |||||||
| SA11 ILF | |||||||
| Bankers | CAF Bank | ||||||
| Kings Mill | |||||||
| West Mailing | |||||||
| Kent | |||||||
| ME194TA | |||||||
| Investment | Managers | CCLA Investment | Management | Limited | |||
| 80Cheapside | |||||||
| London | |||||||
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| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| as restated | ||||||
| Notes | 8 | |||||
| Fixed assets | ||||||
| Tangible assets | 12 | 3,628,565 | 3,790,743 | |||
| Investments | 13 | 4,211,038 | 4,787,691 | |||
| Mixed motive investments | 14 | 134,000 | 134,000 | |||
| 7,973,603 | 8,712,434 | |||||
| Current assets | ||||||
| Debtors falling due | after one year | 15 | 50,000 | |||
| Debtors falling due | within one year | 15 | 26,085 | 24,347 | ||
| Cash at bank and | in hand | 1,321,304 | 622,555 | |||
| 1,347,369 | Bt)6,902 | |||||
| Creditors: amounts falling due within |
||||||
| one year | 16 | (18,846) | (19,383) | |||
| Net current assets | 1,328,523 | 677,519 | ||||
| Total assets less | current liabilities | 9,302,126 | 9,389,953 | |||
| Capitatfunds | ||||||
| Endowment funds |
- general | 19 | 164,440 | 180,742 | ||
| Income funds | ||||||
| Restricted funds |
18 | 145,558 | 188,376 | |||
| fJamhiatmUttgtfa | ||||||
| Designated funds |
17 | 5,967,790 | 6,019,407 | |||
| General unrestricted funds |
3,024,338 | 3,001,428 | ||||
| 8,992,128 | 9,020,835 | |||||
| 9,302,126 | 9,389,953 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | |||||||
| Cash flows from operating | activities | |||||||
| Cash generated from/(absorbed |
by) | 25 | ||||||
| operations | 243,673 | (170,550) | ||||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(328,998) | (5,159) | |||||
| Proceeds | on disposal oftangible | fixed assets | 639,348 | 300,116 | ||||
| Purchase | of investments | (1,037,825) | ||||||
| Proceeds | on disposal of investments | 18,308 | 502,150 | |||||
| Investment | income received | 126,418 | 121,352 | |||||
| Net cash | generated from/(used |
in) | ||||||
| investing | activities | 455,076 | (119,366) | |||||
| Net cash | used in financing | activities | ||||||
| Net increase/(decrease) in equivalents |
cash and | cash | 698,749 | (289,916) | ||||
| Cash and | cash equivalents | at beginning | ofyear | 622,555 | 912,471 | |||
| Cash and | cash equivalents | at end ofyear | 1,321,304 | 622,555 |
| Donatio | ns | and legacies | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | |||||
| 2022 | 2022 6 |
2022 6 |
2021f | 2021 f |
2021 F |
|||
| Donations | and gifts | 30,880 | 1,745 | 32,625 | 31,332 | 31,332 | ||
| Grants | 244,643 | 10,589 | 255,232 | 234,209 | 3,842 | 238,051 | ||
| 275,523 | 12,334 | 287,857 | 265,541 | 3,842 | 269,383 | |||
| Donations | and gifts | |||||||
| Ministry | and mission I | |||||||
| church | collections | 30,880 | 1,745 | 32,625 | 31,332 | 31,332 | ||
| 30,880 | 1,745 | 32,625 | 31,332 | 31,332 |
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|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2922 | 2021 | 2021 | 2021 | |||
| 5 | 5 | 5 | f | I' | ||||
| Net gain on disposal | of | |||||||
| tangible fixed assets |
157,651 | 157,651 | 152,605 | 152,605 | ||||
| Property sales | 245,567 | 245,567 | 316,670 | 316,670 | ||||
| Property management |
||||||||
| fees | 200 | 200 | 100 | 100 | ||||
| Closure ofchurches | ||||||||
| 204,139 | 3,396 | 207,535 | 132,639 | 962 | 133,601 | |||
| 607,557 | 3,396 | 610,953 | 602,014 | 962 | 602,976 | |||
| 8 | Charitable activities |
|||||||
| 2022 5 |
2021f | |||||||
| Staff costs | 158,555 | 639,352 | ||||||
| Depreciation and impairment |
9,478 | 7,694 | ||||||
| Grants payable | 86,537 | 29,942 | ||||||
| Children and youth development |
58,720 | 55,853 | ||||||
| Trust costs | 14,804 | 8,999 | ||||||
| Training | 28,424 | 12,283 | ||||||
| Property costs | 23,227 | 18,377 | ||||||
| Premises costs | 6,182 | 5,907 | ||||||
| Office costs | 9,377 | 6,943 | ||||||
| Staffexpenses | 7,695 | 5,287 | ||||||
| MoM pilot project | 9,427 | 7,659 | ||||||
| Safeguarding | 39,504 | 11,607 | ||||||
| Provision for bad debts |
50,000 | |||||||
| 501,930 | 809,903 | |||||||
| Share ofgovernance | costs (see note 7) | 52,550 | 59,910 | |||||
| 554,480 | 869,813 | |||||||
| Analysis by fund |
||||||||
| Unrestricted funds |
505,818 | 852,026 | ||||||
| Restricted funds | 48,662 | 17,787 | ||||||
| 554,480 | 869,813 |
| The average monthly number ofemployees during th |
e year was: | |
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| Employment costs |
2022 | 2021 |
| 8 | 8 | |
| Wages and salaries | 176,385 | 122,093 |
| Social security costs | 11,018 | 14,138 |
| Other pension costs | 54,362 | 555,740 |
| 241,745 | 691,971 |
| Endowment | Total | ||
|---|---|---|---|
| funds | |||
| general | |||
| 2022 | 2021 | ||
| Grants | payable | 230 | |
| 230 |
| 12 | Tangible fixed assets | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|---|
| Freehold land | Leasehold | Fixtures and | Total | ||||
| and buildings | land and | rlnlngs | |||||
| buildings | |||||||
| (Synod | |||||||
| orsoosl | |||||||
| f | |||||||
| Coat | |||||||
| At 1 January | 2022 | 3,849,655 | 134,633 | 36,602 | 4,020,890 | ||
| Additions | 325,506 | 3,492 | 328,998 | ||||
| Disposals | (481,697) | (481,697) | |||||
| At 31 December 2022 | 3,693,464 | 134,633 | 40,094 | 3,868,191 | |||
| Depreciation | and impairment | ||||||
| At 1 January | 2022 | 83,663 | 116,222 | 30,262 | 230,147 | ||
| Depreciation | charged | in the year | 6,730 | 2,749 | 9,479 | ||
| At 31 December 2022 | 83,663 | 122,952 | 33,011 | 239,626 | |||
| Canying amount |
|||||||
| At 31 December 2022 | 3,609,801 | 11,681 | 7,083 | 3,628,565 | |||
| At 31 December 2021 | 3,765,992 | 18,411 | 6,340 | 3,790,743 |
| Fixed asset investments | |
|---|---|
| Listed | |
| invesbnents | |
| f | |
| Cost or valuation | |
| At 1 January 2022 (Restated) | 4,787,691 |
| Valuation changes |
(558,345) |
| Disposals | (18,308) |
| At 31 December 2022 | 4,211,038 |
| Carrying amount |
|
| At 31 December 2022 | 4,211,038 |
| At 31 December 2021 (Restated) | 4,787,691 |
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|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts faging due |
within one year: | 5 | 5 | |
| Other debtors | 26,065 | 24,347 | ||
| 2022 | 2021 | |||
| Amounts falling due |
after more than one year: | 5 | 5 | |
| Other debtors | 50,000 | |||
| Total debtors | 26,065 | 74,347 | ||
| 16 | Creditors: amounts | falling due within one year | ||
| 2022 6 |
2021f | |||
| Other creditors | 17,866 | 19,383 | ||
| Accruals and deferred | income | 980 | ||
| 18,846 | 19,383 |
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| 25 | Cash generated from |
operations | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| (Deficit)/surplus for the |
year | (87,827) | 678,243 | |||||
| Adjustments for: |
||||||||
| Investment income recognised in statement |
offinancial | activities | (126,418) | (121,352) | ||||
| Gain on disposal oftangible fixed assets |
(157,651) | (152,605) | ||||||
| Fair value gains and losses on investments | 558,345 | (554,344) | ||||||
| Depreciation and impairment oftangible |
fixed assets | 9,478 | 7,694 | |||||
| Movements in working |
capital: | |||||||
| Decrease in debtors | 48,283 | 1,831 | ||||||
| (Decrease) in creditors |
(537) | (30,017) | ||||||
| Cash generated from)(absorbed |
by) operations | 243,673 | (170,550) | |||||
| 26 | Analysis ofchanges | in net funds | ||||||
| The trust had no debt | during the year. |