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|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|
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|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|||
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|||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|
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||||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|
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|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|
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|||||||||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|
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|||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|
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|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|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
|Remuneration|and|other|emoluments|29,830|29,852|
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||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|
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|||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|
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||Loans||||||||92,568||
|---|---|---|---|---|---|---|---|---|---|---|
|15|Unrestricted||funds||||||||
|||||||Balance at|Incoming|Outgoing||Balance at|
|||||||I Apr 2020|resources|resources|Transfers|31Mar 2021|
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||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|
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||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|
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|nalysis|ofnet assets between|funds||||
|---|---|---|---|---|---|
|||||Total|Total|
|||Unrestricted|Restricted|Funds|Funds|
|||Funds|Funds|2021|2020|
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|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|
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|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|