REGISTERED COMPANY NUMBER:(England and Wales) REGISTERED CHARITY NUMBER: 1126593
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
PANTYGWYDR BAPTIST CHURCH SWANSEA
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
PANTYGWYDR BAPTIST CHURCH SWANSEA
## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Balance Sheet||7||
|Notes to the Financial Statements|8|to|13|
PANTYGWYDR BAPTIST CHURCH SWANSEA
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their Annual Report and Financial Statements for 2021/22.
Gradual reductions in Covid 19 restrictions enabled us to meet regularly for Sunday services and then cautiously restart mid week activities; congregational sung worship was allowed and Covid safe communion was restarted. However the passing of the collection plate did not restart and this has had some impact on finances. Church life seemed to be getting back to 'normal' when, at the beginning of 2022, we had to move out of the Sanctuary due to the finding of dry rot in the floor. By March a large hole had been excavated into which many folks had peered (!) and we were awaiting insurance reports. We were able to continue to meet for services in the hall, proving that the church is the people, not the building.
Page 1
PANTYGWYDR BAPTIST CHURCH SWANSEA
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
## OBJECTIVES AND ACTIVITIES
## Objectives and aims
The charity is governed by a constitution which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine.
The church occupies premises which are held by the Baptist Union Corporation Ltd. on trusts which are entirely compatible with the above object.
## Organisational structure and decision making processes
Members of the church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ.
The Members' meeting normally takes place four times a year and has responsibility for the overall policy of the church. In accordance with the constitution, the members appoint Trustees, who together with the ministers and church secretary (who are also appointed by the members) and collectively known as the eldership and the deaconate, are responsible for the day to day running of the church work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the church meeting by the Trustees for guidance or may be raised by members in church meeting for further consideration by the Trustees. Though the constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks to work by consensus wherever possible.
## Objectives and Activities
The charity is governed by a constitution which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine.
The church occupies premises which are held by the Baptist Union Corporation Ltd. on trusts which are entirely compatible with the above object.
To achieve the principal objective, which is set out above, the church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as Living Lord. This is reflected in the church mission statement "Jesus in the Church, Jesus for the Community." Central to the work and witness of the church is the provision of regular public services of Christian worship.
During this year, the 11 am service was held regularly and eventually it was possible to restart the 9:15 am service, both in full compliance with Covid 19 Risk Assessments with the 11 am service also being streamed on You Tube. Sunday Club for Children and Youth work were restarted, as were mid week Youth sessions. There are also occasional services at other times which are advertised in the church published weekly sheet, monthly magazine and the website at https://www.pantygwydr.org.uk.
The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services.
The church runs several house groups for the growth of faith and discipleship mainly in the homes of some members. Some Housegroups have continued to 'meet' during the year on Zoom as has a mid week prayer meeting. Further details of these can be obtained from the Trustees on request or via the noticeboard in the church hall. An online Alpha course was held.
Tiny Tots was restarted during the year as did the Brownie and Rainbow groups when permitted in accordance with Covid 19 regulations. Torch did not reconvene during this year. External lettings of the various meeting rooms in the church were also able to restart in line with relevant WAG guidance. The church hosts a Foodbank collection point which is organised by a lady from the community.
The church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted by the Disclosure and Barring Service. Safeguarding training is provided at Level 1, 2 or 3 as pertinent.
Health and Safety duties are carried out by a deacon.
Page 2
PANTYGWYDR BAPTIST CHURCH SWANSEA
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
## ACHIEVEMENT AND PERFORMANCE
## Charitable activities
## Achievements and Performance
The church does not measure success of its programme only on numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that this was a very positive year in the life of the church. New technologies enabled us to continue to record our services and upload onto You Tube for viewing not only by those still unable to attend services but also the wider public.
Membership in April 2021 was 124. Sadly, during the year, 5 members died, and a number of others resigned their membership. By March 2022, membership was 96 after adjustment to remove some associate members.
We have approximately 40 regular friends who are not in membership and we have been joined this last year by a number of students.
Our Pastor and Youth Pastor are Baptist Chaplains at Swansea University.
## Financial Review
The church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. Small grants were received from other charitable bodies and previous years loans from within Baptist organisations have been fully repaid. The church is clear of debt.
The most significant expense related to staff salaries and associated costs for the full-time pastor, youth pastor and part time administrator. The financial affairs are controlled by a finance group who share the work.
The church expresses its part in the life of the wider church by making grants to individuals, national and international Christian organisations and societies with Christian aims and objectives compatible with the church's own charitable purpose; this from a "tithe fund" of the church's income.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
The current finances have now allowed the Trustees to continue with a Reserve Fund, and they are satisfied that the anticipated income for the year will enable the church to continue to function effectively.
The Trustees have assessed the major risks facing the church and are satisfied that there are funds in place to minimise these risks.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number (England and Wales)
Registered Charity number 1126593
Registered office Ernald Place Uplands Swansea SA2 0HN
Trustees I C Josty Trustee R B Lightfoot Trustee C Shepherd Trustee Dr K Rees Mrs S Edwards Mrs R Doody (appointed 25.7.21) R Jeacock Rev M Carter Mrs A Ingram (appointed 25.7.21)
Page 3
PANTYGWYDR BAPTIST CHURCH SWANSEA
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
## REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Approved by order of the board of trustees on ...........................................31 January 2023 and signed on its behalf by: ................................................................................................................................................................... C Shepherd - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PANTYGWYDR BAPTIST CHURCH SWANSEA
Independent examiner's report to the trustees of Pantygwydr Baptist Church Swansea ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Henry Lloyd Davies Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: ...........................................31 January 2023
Page 5
## PANTYGWYDR BAPTIST CHURCH SWANSEA
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
|Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
144,474
Investment income
2
2,361
Total
146,835
EXPENDITURE ON
Charitable activities
Charitable Activities
166,716
NET INCOME/(EXPENDITURE)
(19,881)
RECONCILIATION OF FUNDS
Total funds brought forward
28,980
TOTAL FUNDS CARRIED FORWARD
9,099|Restricted
fund
£
14,702
-
14,702
4,780
9,922
5,830
15,752|2022
Total
funds
£
159,176
2,361
161,537
171,496
(9,959)
34,810
24,851|2021
Total
funds
£
132,035
165
132,200
140,243
(8,043)
42,853
34,810|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## PANTYGWYDR BAPTIST CHURCH SWANSEA
## BALANCE SHEET 31 MARCH 2022
|Unrestricted
Restricted
funds
fund
Notes
£
£
FIXED ASSETS
Tangible assets
8
-
5,830
CURRENT ASSETS
Debtors
9
3,982
-
Cash at bank
25,769
9,922
29,751
9,922
CREDITORS
Amounts falling due within one year
10
(7,782)
-
NET CURRENT ASSETS
21,969
9,922
TOTAL ASSETS LESS CURRENT LIABILITIES
21,969
15,752
CREDITORS
Amounts falling due after more than one year
11
(12,870)
-
NET ASSETS
9,099
15,752
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS|2022
Total
funds
£
5,830
3,982
35,691
39,673
(7,782)
31,891
37,721
(12,870)
24,851
9,099
15,752
24,851|2021
Total
funds
£
5,830
1,876
52,822
54,698
(7,868)
46,830
52,660
(17,850)
34,810
28,980
5,830
34,810|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ..........................................................................................................................................31 January 2023 and were signed on its behalf by: ................................................................................................................................................................................................ C Shepherd - Trustee
The notes form part of these financial statements
Page 7
PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## Income
## Voluntary Income
All voluntary incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income. The amounts can be measured reliably and it is probably that the income will be received.
## Donations
Donations are accounted for gross when received.Donations are accounted for gross when received.
## Legacies
Legacies are accounted for when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and the fulfilment of any conditions attached to the legacy is wholly within the control of the charity.
## Rental Income
Rental income is included in the accounts in the year in which it is receivable.
## Grants
Grant income is included in the accounts in the year in which it is receivable.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Tangible fixed assets
The Church premises are included in the balance sheet at historic cost because reliable cost information is not available, and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts.
## Depreciation
Depreciation has not been charged on the Church or Hall premises, because in the opinion of the Trustees, the residual value of the assets is not less than the original cost price.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for specific purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
## Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
continued...
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PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
## 1. ACCOUNTING POLICIES - continued
## Debtors
## Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## Employee benefits
The Group provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined benefit and defined contribution pension plans.
## Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
## 2.
## INVESTMENT INCOME
|INVESTMENT INCOME|||
|---|---|---|
||2022|2021|
||£|£|
|Rents received|2,360|165|
|Deposit account interest|1|-|
||2,361|165|
## 3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## 4. STAFF COSTS
The average monthly number of employees during the year was as follows:
|Average number of Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
123,613
Investment income
165
Total
123,778
EXPENDITURE ON
Charitable activities
Charitable Activities
130,461
NET INCOME/(EXPENDITURE)
(6,683)
Transfers between funds
(1,360)
Net movement in funds
(8,043)|2022
3
Restricted
fund
£
8,422
-
8,422
9,782
(1,360)
1,360
-|2021
3
Total
funds
£
132,035
165
132,200
140,243
(8,043)
-
(8,043)|
|---|---|---|
## 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 9
## PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
## 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
37,023
TOTAL FUNDS CARRIED FORWARD
28,980|Restricted
fund
£
5,830
5,830|Total
funds
£
42,853
34,810|
|---|---|---|
## 6. PENSION SCHEME LIABILITIES
The Church is a participating employer the Baptist Pension Scheme ("the Scheme"), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
In general, members pay 8% of their Pensionable Income and employers pay 6% of members' Pensionable Income into individual pension accounts. In addition, the employer pays a further 4% of Pensionable Income (or 3% if the employer is in the segregated DC section) to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for BPS members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva. Members of the Basic Section of BPS pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the BPS, or through the BUSPS prior to its wind-up. The main benefits were:
- In the BPS, a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income; and
- In the BUSPS, a pension of one seventieth of a member's average salary over the last three years of pensionable service.
The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan.
A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022.
Under the Schedule of Contributions, the church makes a monthly payment in respect of the DB scheme deficit, currently £330, which will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contributions continuing until June 2026. The pension scheme liability shown in the Statement of Assets and liabilities is calculated as the current rate per month multiplied by the number of months remaining in the current Schedule of Contributions, which amounted to £16,830 as at 31st March 2022.
Since the year end the church has been informed that the deficit payments will be reduced to £1 from August 2022 and on this basis it is expected that the deficit will be reversed in the 2023 accounts.
continued...
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PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
## 7. RELATED CHARITIES
The Custodian Trustee of the Church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the South Wales Baptist Association.
There were no transactions between the church and its related charities during the year.
## 8. TANGIBLE FIXED ASSETS
|8.|TANGIBLE FIXED ASSETS||||
|---|---|---|---|---|
|||||Church|
|||||Premises|
|||||£|
||COST||||
||At 1 April 2021 and 31 March 2022|||5,830|
||NET BOOK VALUE||||
||At 31 March 2022|||5,830|
||At 31 March 2021|||5,830|
|9.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||Other debtors||2022
£
3,982|2021
£
1,876|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||Social security and other taxes||2022
£
990|2021
£
1,269|
||Other creditors||3,960|4,200|
||Accrued expenses||2,832|2,399|
||||7,782|7,868|
|11.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||
||Other creditors||2022
£
12,870|2021
£
17,850|
|12.|MOVEMENT IN FUNDS||||
||Unrestricted funds|Net
movement
At 1.4.21
in funds
£
£|Transfers
between
funds
£|At
31.3.22
£|
||General fund|9,535
(21,732)|21,296|9,099|
||Designated Funds|3,092
2,643|(5,735)|-|
||Richard Taylor Fund|16,353
(792)|(15,561)|-|
||Restricted funds|28,980
(19,881)|-|9,099|
||Renovation Fund|5,830
9,922|-|15,752|
||TOTAL FUNDS|34,810
(9,959)|-|24,851|
||||||
continued...
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PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
## 12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
Unrestricted funds
General fund
139,307
Designated Funds
4,505
Richard Taylor Fund
3,023
146,835
Restricted funds
Renovation Fund
14,702
TOTAL FUNDS
161,537
Comparatives for movement in funds
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
6,919
3,976
Designated Funds
14,247
(11,155)
Richard Taylor Fund
15,857
496
37,023
(6,683)
Restricted funds
Renovation Fund
5,830
(1,360)
TOTAL FUNDS
42,853
(8,043)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
118,455
Designated Funds
1,460
Richard Taylor Fund
3,863
123,778
Restricted funds
Renovation Fund
8,422
TOTAL FUNDS
132,200|Resources
Movement
expended
in funds
£
£
(161,039)
(21,732)
(1,862)
2,643
(3,815)
(792)
(166,716)
(19,881)
(4,780)
9,922
(171,496)
(9,959)
Transfers
between
At
funds
31.3.21
£
£
(1,360)
9,535
-
3,092
-
16,353
(1,360)
28,980
1,360
5,830
-
34,810
Resources
Movement
expended
in funds
£
£
(114,479)
3,976
(12,615)
(11,155)
(3,367)
496
(130,461)
(6,683)
(9,782)
(1,360)
(140,243)
(8,043)|
|---|---|
continued...
Page 12
PANTYGWYDR BAPTIST CHURCH SWANSEA
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 13