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|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|





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|Charity Name:|Charity Name:|Glenwood<br>Church||
|---|---|---|---|
|Charity Number:||1125128||
|Registered|Of5ce;|Glenwood<br>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<br>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||





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||||For the Ye|ar Ended 31Ma|rch 2022|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds|funds|2022|2021|
||||||f.|g|g|
|Income from:||||||||
|Donations<br>and legacies||||258,095|155,774|413,869|1,357,039|
|Charitable<br>activities||||18,269||18,269|6,484|
|Investments||||94||94|377|
|Total Income||||276,458|155,774|432,232|1,363,900|
|Expenditure<br>on:||||||||
|Raising funds||||4,800||4,800|4,500|
|Charitable<br>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<br>in funds before|||transfers|(29,628)|114,927|85,299|1,058,927|
|Transfers between<br>funds||||1,430,812|(1,430,812)|||
|Net income/(expenditure)||and||||||
|Net movement<br>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|





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||||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<br>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|





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|||2022|2021|
|---|---|---|---|
|||Total|Total|
|||8|8|
|Cash flows from operating|activities|||
|Net income/(expenditure)<br>for the financial year||85,299|1,058,927|
|Adjustments<br>for.||||
|Depreciation oftangible assets||35,842|7,831|
|Interest received||(94)|(377)|
|Decrease/(increase<br>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<br>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|





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|Net income<br>/ (e|xpenditur|e)||||||
|---|---|---|---|---|---|---|---|
|||||||2022f|2021f|
|The net income|/ (expenditure)||for|the year is stated||||
|afier charging:||||||||
|Depreciation<br>and other amounts|||written offtangible|||||
|fixed assets:||||||||
|Owned assets||||||35,842|7,831|
|Independent<br>Examiners Fee||||||1,175||
|Audit Fee|||||||5,400|
|Donations<br>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<br>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<br>Lottery|||||||515,267|
|StTeilo's Church|||||||13,000|
|Stewardship|||||||104,500|
|Beatrice Laing Trust|||||||10,000|
||||||62,150|62,150|752,403|



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|Income from|charitable<br>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<br>activities —by fund|type||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||2022f|2022<br>8|2022<br>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|



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|||Activities|Support|Total|Total|
|---|---|---|---|---|---|
|||undertaken|costs|funds|funds|
|||2022f|2022|2022<br>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|





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|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|



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





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|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|



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|12|Debtors|||||
|---|---|---|---|---|---|
|||||2022<br>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<br>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|





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|||||||||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<br>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|



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|Restricted|funds||||||
|---|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing||Balance at|
|||1Apr 2021<br>g|resources|resources|Transfers<br>f|31Mar 2022<br>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|



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|nalysis ofnet assets between|funds||||
|---|---|---|---|---|
||||Total|Total|
||Unrestricted|Restricted|Funds|Funds|
||Funds<br>g|Funds|2021<br>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|



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|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<br>f|2020<br>f|
||Income from:|||||
||Donations and legacies||287,397|1,069,642|1,357,039|
||Charitable<br>activities||6,484||6,484|
||Investments||377||377|
||Total Income||294,258|1,069,642|1,363,900|
||Expenditure<br>oa:|||||
||Raising Funds||4,500||4,500|
||Charitable<br>activities||272,268|28,205|300,473|
||Total Expenditure||276,768|28,205|304,973|
||Net income/(expenditure)|and||||
||Net movement<br>in funds before transfers||17,490|1,041,437|1,058,927|
||Transfers between funds|||||
||Net income/(expenditure)|and||||
||Net movement<br>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|