2022-03-31-accounts

Charity Information
Report ofthe Trustees		3-7
Report ofthe Independent	Examiner
Statement ofFinancial Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the Accounts		12-21

Charity Name:	Charity Name:	Glenwood Church
Charity Number:		1125128
Registered	Of5ce;	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
Independent	Examiner:	Steve Ellum
		Steve Ellum &Associates Ltd
		Adulam House
		Gian YrAfon
		Llanelli SAI53QB
Bankers:		The Co-Operative	Bank pic
		PO Box250
		DelfHouse
		South Way
		Skelmersdale
		WN8 6WT
Solicitors		Loosemores
		Alliance House
		18/19High Street
		Cardiff
		CF101PT

			For the Ye	ar Ended 31Ma	rch 2022
				Unrestricted	Restricted	Total	Total
			Notes	funds	funds	2022	2021
					f.	g	g
Income from:
Donations and legacies				258,095	155,774	413,869	1,357,039
Charitable activities				18,269		18,269	6,484
Investments				94		94	377
Total Income				276,458	155,774	432,232	1,363,900
Expenditure on:
Raising funds				4,800		4,800	4,500
Charitable activities				301,286	40,847	342,143	300,473
Total Expenditure				306,086	40,847	346,933	304,973
Net (expenditure)/income		and
Net movement in funds before			transfers	(29,628)	114,927	85,299	1,058,927
Transfers between funds				1,430,812	(1,430,812)
Net income/(expenditure)		and
Net movement in funds				1,401,184	(1,315,885)	85,299	1,058,927
Reconciliation ofFunds
Total funds brought	forward			596,182	1,333,662	1,929,844	870,917
Total funds carried	forward			1,997,366	17,777	2,015,143	1,929,844

			at3	1March	2022
					2022		2021
			Notes	8
Fixed assets
Tangible assets					2,015,866		1,696,908
Total fixed	assets				2,015,866		1,696,908
Current assets
Debtors			12	6,945		5,949
Cash at bank	and in	hand		53,911		339,277
				60,856		345,226
Creditors: Amounts		falling due
within one	year		13	(19,727)		(19,722)
Net current	assets				41,129		325,504
Total assets	less current liabiTities				2,056,995		2,022,412
Creditors: Amounts		falling due atter
more than one year			14		(41,852)		(92,568)
Net assets					2,015,143		1,929,844
Represented	by:
Unrestricted	funds		15		1,997,366		596,182
Restricted funds			16		17,777		1,333,662
					2,015,143		1,929,844

		2022	2021
		Total	Total
		8	8
Cash flows from operating	activities
Net income/(expenditure) for the financial year		85,299	1,058,927
Adjustments for.
Depreciation oftangible assets		35,842	7,831
Interest received		(94)	(377)
Decrease/(increase in trade	and other debtors	(996)	7,297
Increase in trade and other	creditors	4,977	26,580
Cash from operations		125,028	1,100,258
Cash flows from investing	activities
Purchase oftsngible assets		(354,800)	(1,143,365)
Interest received		94	377
Net cash used in investing	activities	(354,706)	(1,142,988)
Cash flows from financial	activities
Repayment ofbank loans		(55,688)
Net cash used in financial	activities	(55,688)
Net increase in cash and cash equivalents		(285,366)	(42,730)
Cash and cash equivalents	at start ofthe year	339,277	382,007
Cash and cash equivalents	at the end ofthe year	53,911	339,277

Net income / (e	xpenditur	e)
						2022f	2021f
The net income	/ (expenditure)		for	the year is stated
afier charging:
Depreciation and other amounts			written offtangible
fixed assets:
Owned assets						35,842	7,831
Independent Examiners Fee						1,175
Audit Fee							5,400
Donations and Legacies
				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
				g		g	g
Regular giving				186,691	4,038	190,729	201,076
Offerings				6,388		6,388	1,548
One-off gifis				20,755	85,958	106,713	323,287
Grants received					62,150	62,150	752,403
Tax rebate				43,274	3,628	46,902	66,290
CJRS				987		987	12,435
				258,095	155,774	413,869	1,357,039
Grants received included		in the	above are as follows:
				Unrestricted	Restricted	Total	Total
				funds	funds K	2022	2021f
Mosawi					9,965	9,965	109,636
Joseph Rank Foundation					35,000	35,000
Cardiff County Council					3,930	3,930
Cardiff Third Sector Council					13,255	13,255
National Lottery							515,267
StTeilo's Church							13,000
Stewardship							104,500
Beatrice Laing Trust							10,000
					62,150	62,150	752,403

Income from	charitable activities
		Unrestricted	Unrestricted
		Total	Total
		2022	2021
			8
Building hire		7,263	3,660
Food Club		6,727	2,571
Seniors lunch	club	2,136	60
Miscellaneous	sales	2,143	193
		18,269	6,484

			Unrestricted	Unrestricted
			Total	Total
			Funds	Funds
			2022f	2021
Bank	interest	receivable	94	377

Cost o	fcharitable activities —by fund	type
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022f	2022 8	2022 E	2021
Church	ministry	262,069	40,847	302,916	258,224
Grants	and donations —mission giving	39,217		39,217	42,249
		301,286	40,847	342,133	300,473

		Activities	Support	Total	Total
		undertaken	costs	funds	funds
		2022f	2022	2022 K	2021f
Church	ministry	181,012	130,298	311,310	268,703
Grants	and donations —mission giving	10,841	19,982	30,823	31,770
		191,853	150,280	342,133	300,473

nalysis of	sup	port co	sts
				Church	Mission
				ministry	giving	Total	Total
				2022	2022	2022	2021
				8		8
Property				90,668	10,074	100,742	50,701
General Administration				39,630	9,908	49,538	51,614
				130,298	19,982	150,280	102,315
Staffnumbers		and cost
The average number offull time equivalent				staff
employed	by the charity during the period,			analysed
by category, including			support stafFwas as	follows:
						2022	2021
						Number	Number
Charitable	activities						13
Wages and	salaries					144,928	154,704
Social security		costs				10,455	10,957
Pension costs						4,049	4,376
						159,432	170,037

				Total	Total
				2022	2021
Remuneration	and	other	emoluments	30,643	29,830

Fixed assets - Tangible
	Land and	Fixtures
	Bugdings	Fittings &	Total
	freehold	Equipment	Assets
Cost
At 1 Apr 2021	1,822,419	32,782	1,855+01
Additions	317,225	37,575	354,800
At 31Mar 2022	2,139,644	70357	22100D1
Depreciation
At 1Apr 2021	125,511	32,782	158,293
Charge forthe year	30,206	5,636	35,842
At 31Mar 2022	155 717	38418	194135
Net BookValue
At 31Mar 2022	1 983927	31939	2,015,866
At 31Mar 2021	I 696908		1 696 DD0

12	Debtors
				2022 f.	2021f
	Trade debtors			2,175
	Gift aid tax recoverable			3,520	4,099
	Other debtors			1,250	1,850
				6,945	5,949
13	Creditors: Amounts	falling due witldn	one year
				2022 f.	2021f
	Loans			2,460	7,432
	Trade creditors			8,595	2,326
	Other taxes and social	security		2,820	2,034
	Other creditors			3,248	1,396
	Accruals snd deferred	income		2,604	6,534
				19,727	19,722

								2022	2021
									K
Loans								41,852	92,568
Unrestricted		funds
					Balance at	Incoming	Outgoing		Balance at
					1Apr 2021f	resources	resources	Transfers	31Mar 2022
General funds					568,756	258,127	(289,059)	1,430,812	1,968,636
Designated	funds:
Personal support					2,857	8,195	(9,179)		1,873
Community		Foundation		Wales	8,316				8,316
Youth work					4,397		(2,000)		2,397
Mosawi					5,556				5,556
Other funds					6,300	10,136	(5,848)		10,588
Designated	funds				27,426	18,331	(17,027)		28,730
Total unrestricted			funds		596,182	276,458	(306,086)	1,430,812	1,997,366

Restricted	funds
		Balance at	Incoming	Outgoing		Balance at
		1Apr 2021 g	resources	resources	Transfers f	31Mar 2022 g
Wellbeing	Space	1,314,091	136,658	(2,221)	(1,430,812)	17,716
Stewardship		4,304		(4,304)
Climate Change Booster Grant		15,267		(15,267)
Food Pantry			19,116	(19,055)		61
Restricted	funds	1,333,662	155,774	(40,847)	(1,430,812)	17,777

nalysis ofnet assets between	funds
			Total	Total
	Unrestricted	Restricted	Funds	Funds
	Funds g	Funds	2021 g	2020f
Tangible assets	2,015,866		2,015,866	1,696,908
Current assets	43,079	17,777	60,856	345,226
Current liabilities	(19,727)		(19,727)	(19,722)
Long-term Liabilities	(41,852)		(41,852)	(92,568)
	1,977,366	17,777	2,015,143	1,929,844

Notes	to the Accounts for the year ended 31March	to the Accounts for the year ended 31March	2022
20	Statement ofFinancial Activities (including		income and expenditure	account) for	the year ended
	31"March 2021
			Unrestricted	Restricted	Total
			,funds	funds f	2020 f
	Income from:
	Donations and legacies		287,397	1,069,642	1,357,039
	Charitable activities		6,484		6,484
	Investments		377		377
	Total Income		294,258	1,069,642	1,363,900
	Expenditure oa:
	Raising Funds		4,500		4,500
	Charitable activities		272,268	28,205	300,473
	Total Expenditure		276,768	28,205	304,973
	Net income/(expenditure)	and
	Net movement in funds before transfers		17,490	1,041,437	1,058,927
	Transfers between funds
	Net income/(expenditure)	and
	Net movement in funds		17,490	1,041,437	1,058,927
	ReconciTiation ofFunds
	Total funds brought forward		578,692	292,225	870,917
	Total funds carried forward		596,182	1,333,662	1,929,844