2021-03-31-accounts

Charity Informadon
Report ofthe Trustees	3-7
Independent Auditor 's Report	8-10
Statement ofFinancial Activities
Balance Sheet	12
Statement ofCash Flows	13
Notes to the Accounts	14-23

Charity Name:	Glenwood Church
Charity Number:	1125128
Registered Office:	Glenwood Church	Centre
	Circle Way West
	Llanedeyrn
	Cardiff
	CF23 6UW
Trustees:	Norman Adams
	Clive Evans
	Paul Francis
	Esther Mantle
	Robert Parsons
Senior Church Leader	Paul Francis
Registered Auditors:	Ashmole &,Co
	Chartered Certified	Accountants	at Registered Auditors
	First Floor
	1StJohn's Court
	Upper Fforest Way
	Enterprise Park
	Swansea
	SA6 8QQ
	The Co-Operative	Bank pic
	PO Box250
	Delf House
	South Way
	Skelmersdale
	WN8 6WT
Solicitors	Loosemores
	Alliance House
	18/19 High Street
	Cardiff
	CF101PT

		For the Ye	ar Ended 31Ma	rch 2021
			Unrestricted	Restricted	Total	Total
		Notes	funds	funds	2021	2020
Income from:
Donations aad legacies			287,397	1,069,642	1,357,039	709,992
Charitable activities			6,484		6,484	11,889
Investments			377		377	325
Total Income			294,258	1,069,642	1/63,900	722,206
Expenditure on:
Raising funds			4,500		4,500
Charitable activities			272368	28,205	300,473	340,218
Total Expenditure			276,768	28205	304,973	340,218
Net income/(expenditure)	and
Net movement in funds before		transfers	17,490	1,041,437	1,058,927	381,988
Transfers between funds
Net income/(expenditure)	and
Net movement in funds			17,490	1,041,437	1,058,927	381,988
Reconciliation ofFunds
Total funds brought forward			578,692	292,225	870,917	488,929
Total fuads carried forward			596,182	1,333,662	1,929,844	870,917

		Balance Sheet	Balance Sheet	Balance Sheet
		at	31March	2021
				2021		2020
		Notes		f.
Fixed assets
Tangible assets				1,696,908		561,374
Total fixed assets				1,696,908		561,374
Current assets
Debtors		12	5,949		13,246
Cash at bantt and in	hand		339,277		382,007
			345,226		395,253
Creditors: Amounts	falling due
within one year		13	(19,722)		(85,710)
Net current assets				325,504		309,543
Total assets less current liabilities				2,022,412		870,917
Creditors: Amounts	falling due atter
more than one year		14		(92,568)
Net assets				1,929,844		870,917
Represented by:
Unrestricted funds Restricted funds		15 16		596,182 1,333,662		578,692 292,225
				1,929,844		870,917

			2021	2020
			Total	Total
Cash flows from operating		activities
Net income/(expenditure)	for the financial year		1,058,927	381,988
Adjustments for.
Depreciation oftangible	assets		7,831	10,089
Interest received			(377)	(325)
(Increase)/decrease in trade		and other debtors	7,297	(1,022)
Increase/(decrease) in trade		and other creditors	26,580	77,119
Cash from operations			1,100,258	467,849
Cash flows from investing		activities
Purchase oftangible assets			(1,143,365)	(172,828)
Interest received			377	325
Net cash from investing	activities		(1,142,988)	(172,503)
Net increase in cash aud	cash equivalents		(42,730)	295,346
Cash and cash equivalents	at start ofthe year		382,007	86,661
Cash and cash equivalents		at the eud ofthe year	339477	382,007

Net income / (e	xpenditur	e)
					2021	2020
The net income	/ (expenditure)		for the year is stated
atter charging:
Depreciation and other amounts			written offtangible
ffxed assets:
Owned assets					7,831	10,089
Independent Examiners Fee						1,314
Audit Fee					5,400
Donations and	Legacies
			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
			f,
Regular giving			197,038	4,038	201,076	195,512
Offerings			1,548		1,548	15,201
One-off gills			16,685	306,602	323,287	22,286
Grants received			11,500	740,903	752,403	427,722
Tax rebate			48,191	18,099	66,290	49,271
CJRS			12,435		12,435
			287,397	1,069,642	1,357,039	709,992
Grants received	included	in the	above are as follows:
			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
National Lottery				515467	515,267
St Teilo's Church				13,000	13,000	13,000
Stewardship				104,500	104,500
Mosawi			11,500	98,136	109,636
Beatrice Laing Trust				10,000	10,000
AIIChurches						34,000
Moondance Foundation						100,000
Welsh Government						250,000
People and Places						30,722
			11,500	740,903	752,403	427,722

								Unrestricted	Unrestricted
								Total	Total
								2021	2020
	Building hire							3,660	4,465
	Children's	and		youth clubs					2,026
	Seniors lunch club							60	2,388
	Conferences								1,593
	Miscellaneous			sales				2,764	1,417
								6,484	11,889
5	Investment		income
								Unrestricted	Unrestricted
								Total	Total
								Funds	Funds
								2021	2020
	Bank interest		receivable					377	325
6	Cost ofcharitable				activities —by fund	type
						Uarestricted	Restricted	Total	Total
						funds	funds	funds	funds
						2021	2021	2021	2020
								8
	Church ministry					230,019	28/05	258,224	296,189
	Grants and	donations —mission giving				42,249		42,249	44,029
						272,268	28,205	300,473	340,218

		Activities	Support	Total	Total
		undertaken	costs	funds	funds
		2021	2021	2021	2020
		8
Church	ministry	181,7S1	86,922	268,703	302,749
Grants	and donations —mission giving	16,377	15,393	31,770	37,469
		198,158	102,315	300,473	340,218

nalysis ofsup	port co	sts
			Church	Mission
			ministry	glvlllg	Total	Total
			2021	2021	2021	2020
Property			45,631	5,070	50,701	63,024
General Administration			41,291	10,323	51,614	46,991
			86,922	15,393	102,315	110,015
Staff numbers	and cost
The average number offull time equivalent			staff
employed by the charity during the period,			analysed
by category, including		support staff was as	follows:
					2021	2020
					Number	Number
Charitable activities					13	13
Wages and salaries					154,704	184,022
Social security	costs				10,957	10,577
Pension costs					4,376	5,199
					170,037	199,798

				Total	Total
				2021	2020
Remuneration	and	other	emoluments	29,830	29,852

	Land and	Fixtums
	Buildings	Fittings 485	Total
	freehold	Equipment	Assets
Cost
At 1 Apr 2020	679,054	32,782	711,836
Additions	1,143,365		1,143,365
At 31Mar2021	1,822,419	32,782	1,855,201
Depreciation
At 1Apr 2020	117,680	32,782	150,462
Charge for the year	7,831		7,831
At 31Mar 2021	125,511	32782	158493
Net BookValue
At 31Mar 2021	1,696,908		1,696,90&
At31 Mar2020	561,374		553 374

		2021	2020
Trade debtors			5,120
Gift aid tax recoverable		4,099	5,676
Other debtors		1,850	2,450
		5,949	13,246
Creditors: Amounts	faging due within one year
		2021	2020
Loans		7,432
Trade creditors		2,326	79,798
Other taxes and social	security	2,034	4,321
Giber creditors		1,396	457
Accruals and deferred	income	6,534	1,134
		19,722	85,710
				19

	Loans								92,568
15	Unrestricted		funds
						Balance at	Incoming	Outgoing		Balance at
						I Apr 2020	resources	resources	Transfers	31Mar 2021
								8
	General funds					558,054	270,506	(263,404)	3,600	568,756
	Designated	funds:
	Reserve					3,600			(3,600)
	Personal support					534	8365	(5,942)		2,857
	Community		Foundation		Wales	8,424		(108)		8,316
	Youth work					4,397				4,397
	Mosawi						11,593	(6,037)		5,556
	Other funds					3,683	3,894	(1,277)		6,300
	Designated	funds				20,638	23,752	(13,364)	(3,600)	27,426
	Total unrestricted			funds		578,692	294458	(276,768)		596,182

	Balance at IApr 2020	Incoming resources	Outgoing resources	Transfers	Balance at 31Mar 2021
Sarah Griffiths		13,000	(13,000)
Wellbeing Space	292,225	1,021,875	(9)		1314,091
Stewardship		19,500	(15,196)		4,304
Climate Change Booster Grant		15,267			15,267
Restricted funds	292,225	1,069,642	(28405)		1,333,662

nalysis	ofnet assets between	funds
				Total	Total
		Unrestricted	Restricted	Funds	Funds
		Funds	Funds	2021	2020
			8
Tangible	assets	551,669	1,145,239	1,696,908	561,374
Current	assets	156,803	188,423	345,226	395,253
Current	liabilities	(19,722)		(19,722)	(85,710)
Long-term Liabilities		(92,568)		(92,568)
		596,182	1,333,662	1,929,844	870,917

Notes	to the Accounts for the year ended 31March	to the Accounts for the year ended 31March	2021
21	Statement ofFinancial Activities (including		income and expenditure	account) for the year ended
	31oMarch 2020
			Unrestricted	Restricted	Total
			funds	funds	2020
				K
	Income from:
	Donations and legacies		275,620	434,372	709,992
	Charitable activities		]1,889		11,889
	Investments		325		325
	Total Income		287,834	434,372	722,206
	Expenditure on:
	Charitable activities		327318	13,000	340,218
	Total Expenditure		327218	13,000	340,218
	Net income/(expenditure)	and
	Net movement in funds before transfers		(39,384)	421,372	381,988
	Transfers between funds		129,147	(129,147)
	Net income/(expenditure)	and
	Net movement ia funds		89,763	292,225	381,988
	Reconciliation ofFunds
	Total funds brought forward		488,929		488,929
	Total funds carried forward		578,692	292,225	870,917