|||Page|
|---|---|---|
|Report ofthe Trustees||1 to 9|
|Independent
Examiner's|Report|10|
|Statement of Financial
Activities|||
|Balance Sheet||12|
|Cash Flow Statement||13|
|Notes to the Cash Flow|Statement|14|
|Notes to the Financial Statements||15to 26|
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|SUNDAY:||||THURSDAY|||||
|---|---|---|---|---|---|---|---|---|
|CHURCH SERVICE 10.45am||||Toddler Group (teim-time||Church||Hall)|
|Morning
Sunday Schools (Church|Hall &Annexe)||||||||
|CHURCH SERVICE6.00 pm||||FRIDAY|||||
|Informal
Fellowship
Meeting
(Church||Hall)||Internationals
English Conversation||||Class (one2two)|
|MONDAY:||||Youth Activity Meetings|||||
|Missionary
Prayer Meeting (Lecture||Room)||4-7years (Church
Hall)|||||
|Music and Movement
for Toddlers|(term-time||Hall)|7-11years (Annexe)|||||
|BIBLEStudy 7.30pm (Church
Hall)||||11-18years (Church
Hall)|||||
|Home Bible Study Groups 7.30pm|(first Monday ofthe month)|||Open House for|Internationals||(one2two)||
|TUESDAY||||Seniors' Lunch|||||
|Seniors Coffee Morning
(one2two)|||||||||
|International
Ladies' Bible Study (one2two)||||SATURDAY|||||
|Llanishen
Youth Activity
Meeting (St||Faith's)||Youth Fellowship|Meeting|(14-18years - (one2two)|||
|WEDNESDAY:||||Youth Fellowship|Meeting|(18-25one2two)|||
|Women's
Bible Class (Church
Hall)||||Ladies Reading|Group (monthly||-one2two)||
|PRAYER MEETING (Hall) 7.30pm|||||||||
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
|||||Notes|funds
f|funds
F|funds|funds|
|INCOME AND|ENDOWMENTS||FROM||||||
|Donations
and|legacies||||336,346|143,479|479,825|455,464|
|Charitable
activities|||||||||
|The promotion|of Christianity||||1,758||1,758|29,958|
|Coffee shop|||||20,582||20,582|54,948|
|Investment
income|||||253||253|573|
|Other income|||||341||341|9,932|
|Total|||||359,280|143,479|502,759|550,875|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|The promotion|of Christianity||||275,855|146,777|422,632|502,894|
|Coffee shop|||||54,775|706|55,481|60,062|
|Total|||||330,630|147,483|478,113|562,956|
|NET INCOMEI(EXPENDITURE)|||||28,650|(4,004)|24,646|(12,081)|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought||forward|||2,152,728|53,952|2,206,680|2,218,761|
|TOTAL FUNDS|CARRIED FORWARD||||2,181,378|49,948|2.231,326|2,206,680|
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|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|FIXEDASSETS|Notes|F|6|F||
|Tangible assets|12|1,843,457||1,843,457|1,849,976|
|CURRENTASSETS||||||
|Debtors
Cash at bank and in hand|13|15,377
327739|4,402
45,546|19,779
373285|15,768
346627|
|||343,116|49,948|393,064|362,395|
|CREDITORS||||||
|Amounts
falling due within one year|14|(5,195)||(5,195)|(5,691)|
|NET CURRENT ASSETS||337921|49948|387 869|356704|
|TOTAL ASSETS LESSCURRENT LIABILITIES||2,181,378|49,948|2,231,326|2,206,680|
|NET ASSETS||2 181,378|49948|2 231 326|2 206680|
|FUNDS|16|||||
|Unrestricted
funds
Restricted funds||||2,181,378
49,948|2,152,728
53,952|
|TOTAL FUNDS||||2,231,326|2 208680|
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Notes|||
|Cash flows from operating|activities:|||||||
|Cash generated
from operations||||||27,235|~6,967)|
|Net cash provided
by (used in) operating|||activities|||27,235|~6,967)|
|Cash flows from investing|activities:|||||||
|Purchase oftangible
fixed assets
Interest received||||||(830)
253|(4,302)
573|
|Net cash provided
by (used in) investing|||activities|||~577)|~3,729)|
|Change
in cash and cash|equivalents|in|the|||||
|reporting
period
Cash and cash equivalents|at the beginning|||ofthe||26,658|(10,696)|
|reporting
period||||||346,627|357,323|
|Cash and cash equivalents|at the end|of|the|||||
|reporting
period||||||373,265|346,627|
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||||||2020|2019
f|
|---|---|---|---|---|---|---|
||Net income/(expenditure)||for the reporting|period (as per the statement of|||
||financial activities)
Adjustments
for:||||24,646|(12,081)|
||Depreciation
charges||||7,349|9,061|
||Interest received||||(253)|(573)|
||Increase
in debtors
Decrease
in creditors||||(4,011)
~496)|(1,405)
~1,969)|
||Net cash provided|by (used in) operating||activities|27,235|~6,967)|
|2.|ANALYSIS OF CHANGES||IN NET FUNDS||||
|||||At 1/1/20|Cash flow|At 31/12/20|
||||||F|E|
||Net cash||||||
||Cash at bank and in|hand||346,627|26,658|373,285|
||Total|||346,627|26,658|373,285|
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||F||
|Grants|||||||24,421||
|Offerings,|covenants,|||gift|aid 8 other donations||318,431|315,037|
|Missionary||account|||||136,973|140,427|
||||||||479825,
455,464||
|Grants received,|||included||in the|above, are as follows:|||
||||||||2020
f|2019|
|Cardiff Council -|||grant|to support||local business|10,000||
|Coronavirus||Job|Retention||Scheme||14,421||
||||||||24,421||
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||||2020|2019|
|---|---|---|---|---|
|||||F|
|Deposit account interest|||253|573|
|INCOME FROM CHARITABLE|ACTIVITIES||||
||||2020|2019|
||Activity||F|F|
|Camps income|The promotion|of Christianity||28,085|
|House party fees|The promotion|of Christianity|1,758|1,873|
|Coffee shop income|Coffee shop||~20 582|54,948|
||||22,340|84,906|
##
|CHARITABLE|ACTIVITIES COSTS||||
|---|---|---|---|---|
|||Direct costs|Support costs|Totals|
|||(See note 7)
f|(See note 8)
F||
|The promotion|of Christianity|397,544|25,088|422,632|
|Coffee shop||55,481||55,481|
|||453,025|25.088|478,113|
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|||||||2020|2019
f|
|---|---|---|---|---|---|---|---|
|Staffcosts
Staff expenses
Insurance,
fire and security
Missionary
support||||||140,217
914
9,449
160,693|130,738
1,297
7,803
162,276|
|Telephone
Sundries||||||3,302
4,541|1,088
6,409|
|Support to Heath Christian
Bookshop Trust||||||9,750|9,750|
|Discretionary
grant payments||||||11,149|21,196|
|Heat, light &water rates
Repairs and maintenance||||||12,852
22,544|15,084
43,529|
|Sunday school and youth work
Gospel Support Wales
Minibuses||||||712
500
297|3,383
3,200
1,033|
|Pulpit supply||||||5,525|8,015|
|House party costs
Heath camps||||||2,726
400|1,875
38,510|
|Catering and hospitality
Magazine costs
Coffee shop direct costs
Coffee shop salaries and wages
Coffee shop social security||||||650
1,834
12,881
37,413
760|2,653
3,377
18,384
32,287
767|
|Coffee shop pensions
Coffee shop heat light &water
Media outreach
Depreciation||||||1,446
2,981
2,140
7,349|1,437
6,928
4,456
9,061|
|||||||453,025|534.536|
|Within direct costs are grants|payable of||f11,149.This includes:|||||
|||||||No.|f|
|Grants payable to individuals
Grants payable to institutions||||||4
10|5,558
5,591|
|Charitable||||||||
|Objective
Description|||||Individualsf|Institutionsf|Total|
|b
Hardship
relief|UK||||2,528||2,528|
|a
Theological
training|||||1,230||1,230|
|a
Evangelical
churches||+AECW||||5,591|5,591|
|a
Evangelistic
activities|||||300||300|
|agb
Support for former pastors|||||1,500||1,500|
||||||5,558|5,591|11,149|
|Examples ofgrants awarded|to institutions||are as|follows:||||
|Organisation||Purpose|||||f|
|Beirut Church
AECW||Churches
Churches||representation
representation|||2,373
500|
|EMW||Churches||representation|||500|
|WEST||Churches||representation|||500|
|Christian
Institute||Churches||representation|||500|
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||||||Governance||
|---|---|---|---|---|---|---|
||||Staff costs|Other|costs|Totals|
||||F|||F|
|The|promotion|ofChristianity|10,673|10,995|3,420|25,088|
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|R|emuneration
and ben|efits as employees:|||
|---|---|---|---|---|
||||2020|2019|
||||F||
|K|Batstone for pastoral|work|6,932|6,542|
|A|W Hughes as pastor||34,022|33,519|
|L|Chorbadjian
for pastoral work||25,879|25,497|
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|PREVIOUS YEAR COMPARAT|IVES FOR THE STAT|EMENT OF FINANCIAL ACTI|VITIES||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
||||F|F|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies
Charitable
activities||305,394|150,070|455,464|
|The promotion
ofChristianity
Coffee shop||29,958
54,948||29,958
54,948|
|Investment
income||501|72|573|
|Other income||9,932||9,932|
|Total||400,733|150,142|550,875|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|The promotion
of Christianity
Coffee shop||357,468
60,062|145,426|502,894
60,062|
|Total||417,530|145,426|562,956|
|NET INCOME/(EXPENDITURE)||(16,797)|4,716|(12,081)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward||2,169,525|49,236|2,218,761|
|TOTAL FUNDS CARRIED FORWARD||2,152,725|53,952|2,206,680|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Church,
hall 8||Fixtures,|
||annexe||fittings 8|
||buildings
f|Manse
F|contents
E|
|COST||||
|At 1 January 2020
Additions|1,486,753|350,000|79,764|
|At 31 December 2020|1,486753|350,000|79,764|
|DEPRECIATION||||
|At 1 January 2020
Charge for year|||78,424
677|
|At 31 December 2020|||79,101|
|NET BOOK VALUE||||
|At 31 December 2020|1 486753|350000|663|
|At 31 December 2019|1,486,753|350,000|1,340|
||Motor vehides|Equipment|Totals|
|COST||||
|At 1 January 2020
Additions|19,400|89,534
830|2,025,451
830|
|At 31 December 2020|19,400|90,364|2,026,281|
|DEPRECIATION||||
|At 1 January 2020
Charge for year|17,081
580|79,970
6,092|175,475
7,349|
|At 31 December 2020|17,661|86,062|182,824|
|NET BOOK VALUE||||
|At 31 December 2020|1,739|4,302|1,843,457|
|At 31 December 2019|2,319|9,564|1,849,976|
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|2020|2019|
|---|---|
||F|
|5,195|5,691|
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|Minimum
lease payments
under non-cancellable
operating
l|eases fall due as follows:||
|---|---|---|
||2020|2019|
||E|F|
|Within one year|1,324|1,324|
|Between one and five years|331|1,654|
||1,655|2,978|
##
||||Net movement|Transfers|Transfers||
|---|---|---|---|---|---|---|
|||At 1/1/20|in funds|between|funds|At 31/12/20|
||||E||F||
|Unrestricted
funds|||||||
|General
fund||299,730|55,499|(19,830)||335,399|
|Missionary|fund - designated||(19,000)||19,000||
|Gospel Support Wales
Fixed Asset Fund||3,022
1,849,976|(500)
~7,349)||830|2,522
1,843,457|
|||2,152,728|28,650|||2,181,378|
|Restricted|funds||||||
|Missionary|fund|53,952|(4,004)|||49,948|
|TOTAL FUNDS||2,206,680|24,646|||2,231,329|
##
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|Net movement|in funds,
includ|ed
in the above|are as follows:||||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement
in|
|||||resources
f|expended
f|funds
E|
|Unrestricted
funds|||||||
|General fund||||359,280|(303,781)|55,499|
|Missionary
fund - designated
Gospel Support Wales
Fixed Asset Fund|||||(19,000)
(500)
~7,349)|(19,000)
(500)
~7,349)|
|||||359,280|(330,630)|28,650|
|Restricted funds|||||||
|Missionary
fund
Salaries fund
Coffee shop support||||141,073
1,700
706|(145,077)
(1,700)
~706)|(4,004)|
|||||143,479|(147,483)|(4,004)|
|TOTAL FUNDS||||502759|)478.1) 1)33)|24,646|
|Comparatives|for movement|in funds|||||
|||||Net movement|Transfers||
||||At1/1/19|in funds|between
funds|At 31/12/19|
|||||||F|
|Unrestricted
Funds|||||||
|General
fund|||308,568|13,466|(22,304)|299,730|
|Missionary
fund|- designated|||(18,002)|18,002||
|Gospel Support Wales
Fixed Asset Fund|||6,222
1,854,735|(3,200)
~9,061)|4,302|3,022
1,849,976|
||||2,169,525|(16,797)||2,152,728|
|Restricted Funds|||||||
|Missionary
fund|||49,236|4,716||53,952|
|TOTAL FUNDS|||2,218,761|~12,081)||2 206,680|
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