## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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||||| ||||EC2V 6DZ||||| # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||tci||cc
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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| ||||CO0|||N
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OCo.0|| |UJXI-|IIII-0Z|0||||||O|0|| ## ## |5||Other income||||||| |---|---|---|---|---|---|---|---|---| ||||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| ||||||||0
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faging due|within one year:|5|5| ||Other debtors||26,065|24,347| ||||2022|2021| ||Amounts
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0|| ## ## ## ## ## ## ## ## ## |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.|||||||