| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent examiner's report to the trustees |
||
| Statement of financial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements | 10 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds E |
funds E |
Total funds E |
Total funds I |
|||
| Income and endowments | |||||||
| Donations and legacies |
12,667 | 12,667 | |||||
| Investment income |
495 | 2,061 | 2,556 | 568 | |||
| Other Income | 110,966 | 110,966 | 106,700 | ||||
| Total income | 124,128 | 2,061 | 126,189 | 107,268 | |||
| Expenditure Expenditure on charitable |
activities | 7,8 | 155,694 | 1,798 | 157,492 | 105,273 | |
| Other expenditure | 10 | 83 | |||||
| Total expenditure | 155,694 | 1,798 | 157,492 | 105,356 | |||
| Net (expenditure)/Income movement in funds |
and net | (31,566) | 263 | (31,303) | 1,912 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
70,404 | 64,579 | 134,983 | 133,071 | |||
| Total funds carried forward | 38,838 | 64,842 | 103,680 | 134,983 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 5 | f | |||||
| Fixed assets | |||||||
| Tangible fixed | assets | 15 | 1,198 | ||||
| Current assets | |||||||
| Debtors | 16 | 5,000 | |||||
| Cash at bank | and | in hand | 118,085 | 148,252 | |||
| 118,085 | 153,252 | ||||||
| Creditors: amounts | falling due within one year | 17 | 15,603 | 18,269 | |||
| Net current | assets | 102,482 | 134,983 | ||||
| Total assets | less | current liabilities | 103,680 | 134,983 | |||
| Net assets | 103,680 | 134,983 | |||||
| Funds ofthe | charity | ||||||
| Restricted funds |
64,842 | 64,579 | |||||
| Unrestricted funds |
38,838 | 70,404 | |||||
| Totalcharity | funds | 18 | 103I680 | 134983 |
| Donati | ons | and | legacies | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | E | E | E | ||||||
| Donations | |||||||||
| Donations | 267 | 267 | |||||||
| Grants | |||||||||
| United | Reformed | Church | 4,900 | 4,900 | |||||
| Methodist | Synod | 7,500 | 7,500 | ||||||
| 12,667 | 12,667 |
| 5. | Investment income |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| f | f | ||||
| Deposit fund Interest TMCP interest |
495 | 2,061 | 495 2,061 |
||
| 495 | 2,061 | 2,556 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| f | E. | ||||
| Deposit fund interest | 65 | 65 | |||
| TMCP Interest | 503 | 503 | |||
| 65 | 503 | 568 | |||
| 6. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| f | E | E | f | ||
| Church assessment | 110,966 | 110,966 | 106,700 | 106,700 |
| Expenditu | re | on c | haritable activities by fund type |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| f | f | |||||
| Ministerial churches |
oversight | and pastoral care ofthe seven local | 47,387 | 47,387 | ||
| Support of ministry team Maintenance of manses |
45,600 57,723 |
45,600 57,723 |
||||
| Support costs | 4,984 | 1,798 | 6,782 | |||
| 155,694 | 1,798 | 157,492 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| f | ||||||
| Ministerial | oversight | and pastoral care ofthe seven local | ||||
| churches | 46,648 | 46,648 | ||||
| Support of | ministry | team | 33,141 | 33,141 | ||
| Maintenance | of manses | 18,560 | 18,560 | |||
| Support costs | 3,755 | 3,169 | 6,924 | |||
| 102,104 | 3,169 | 105,273 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly F |
Support costs f |
2023 | 2022 | ||
| Ministerial oversight |
and pastoral care of | ||||
| the seven local churches | 47,387 | 47,387 | 46,648 | ||
| Support of ministry team Maintenance of manses |
45,600 57,723 |
45,600 57,723 |
33,141 18,560 |
||
| Support costs | 6,782 | 6,782 | 6,924 | ||
| 150,710 | 6,782 | 157,492 | 105,273 |
| Analysis of | support | costs | ||||
|---|---|---|---|---|---|---|
| Support costs | Total 2023 | Total 2022 | ||||
| 6 | E | E | ||||
| Insurance | 1,384 | 1,384 | 1,184 | |||
| Printing, postage and stationery Independent examiners fees TMCP CAF Bridgend administrative CAF Brldgend district levy Depreciation |
charge | 462 2,610 184 1,614 'l61 |
462 2,610 184 1,614 461 |
600 1,920 306 2,863 |
||
| Bank charges | 67 | 67 | 51 | |||
| 6,782 | 6,782 | 6,924 |
| 10. | Other expenditure | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Total |
Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2023 | Funds | 2022 | ||||||||
| E | E | E | E | ||||||||
| Loss on disposal oftangible | fixed | assets | |||||||||
| held for charity's own use |
83 | 83 | |||||||||
| 11. | Net (expenditure)/income | ||||||||||
| Net (expenditure)/Income | Is | stated after charging/(crediting): | |||||||||
| 2023 | 2022 | ||||||||||
| E | E | ||||||||||
| Depreciation oftangible |
fixed assets | 461 | |||||||||
| Loss on disposal oftangible | fixed | assets | 83 | ||||||||
| 12. | Independent examination |
fees | |||||||||
| 2023 | 2022 | ||||||||||
| E | E | ||||||||||
| Fees payable to the Independent Independent examination ofthe |
examiner Anandal |
for: statements |
2,610 | 1,920 | |||||||
| 13. | Staff costs | ||||||||||
| The average head count |
of employees | during | the | year was 1 (2022: 1). | |||||||
| 14. | Trustee remuneration | and expenses | |||||||||
| No trustee has received | remuneration | in the | year | (2022: Enil). | |||||||
| No trustees had travel expenses |
reimbursed | during | the year (2022: Enil). | ||||||||
| 15. | Tangible fixed assets |
| Tangible fixe | d assets | |
|---|---|---|
| Equipment | ||
| E | ||
| Cost | ||
| At 1September | 2022 | |
| Additions | 1,659 | |
| At 31August | 2023 | 1,659 |
| Depreciation | ||
| At 1 September Charge for the |
2022 year |
461 |
| At 31August | 2023 | 461 |
| Carrying amount At 31August 2023 |
1,198 | |
| At 31August 2022 |
| 16. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| E | E | |||||
| Prepayments | and accrued income | 5,000 | ||||
| 17. | Creditors: | amounts | falling due within one year | |||
| 2023 | 2022 | |||||
| E | E | |||||
| Assessments | received | in advance | 12,993 | 13,369 | ||
| Accruals | 2,610 | |||||
| Deferred | income | 4,900 | ||||
| 15,603 | 18,269 |
| Unrest | r | icte | d funds |
|||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1 September | 31August | |||||||
| 2022 | Income | Expenditure | Transfers | 2023 | ||||
| E | E | E | E | E | ||||
| General | funds | 30,404 | 119,228 | (110,602) | (192) | 38,838 | ||
| Designated | fund | 'l0,000 | 4,900 | (45,092) | 192 | |||
| 70,404 | 124,128 | (155,694) | 38,838 | |||||
| At | At | |||||||
| 1 September | 31August | |||||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||||
| E | E | E | E | E | ||||
| Genera | I | funds | 25,826 | 106,765 | (102,187) | 30,'l04 | ||
| Designated | fund | 40,000 | 40,000 | |||||
| 25,826 | 106,765 | (102,187) | 40,000 | 70,404 |
| Restrict | ed funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 September | 31August | ||||||
| 2022 | Income | Expenditure | Transfers | 2023 | |||
| E | E | E | E | ||||
| TMCP CAF (Circuit | |||||||
| Advance | Fund) Bridgend | 64,579 | 2,061 | (1,798) | 64,842 | ||
| At' | At | ||||||
| 1 September | 31August | ||||||
| 2021 | Income | Expenditure | Transfers | 2022 | |||
| E | E | E | E | E | |||
| TMCP CAF (Circuit | |||||||
| Advance | Fund) Bridgend | 107,245 | 503 | (3,169) | (40,000) | 64,579 | |
| Analysis | ofnet assets | between funds | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| E | E | E | |||||
| Tangible | fixed assets | 1,198 | 1,198 | ||||
| Current assets | 53,243 | 64,842 | 118,085 | ||||
| Creditors | less than | 1 year | (15,603) | (15,603) | |||
| Net assets | 38,838 | 64,842 | 103,680 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| E | E | E | |||||
| Tangible | fixed assets | ||||||
| Current assets | 88,673 | 64,579 | 153,252 | ||||
| Creditors | less than | 1year | (18,269) | (18,269) | |||
| Net assets | 70,404 | 64,579 | 134,983 |
| Unrestricted Circuit |
Unrestricted Circuit |
Madel | Restricted | Restricted | Totals this | Totals this | Totals | last | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SECTION A | Funds Trust |
Fund | Funds | year | year | ||||||||||||
| ai | RECEIPTS | Note | |||||||||||||||
| a2 | Assessment/Share | 110,966 | 110,966 | 106,700 | |||||||||||||
| a3 | Ca ital recei ts |
||||||||||||||||
| a4 | Bank and CFBinterest and | ||||||||||||||||
| Investment income |
495 | 2,061 | 2,556 | 568 | |||||||||||||
| a5 | Grants | 12,400 | 12 | 400 | |||||||||||||
| a6 | Other receipts | 267 | 267 | ||||||||||||||
| a7 | TOTAL RECEIPTS | 124,128 | 2,061 | 126,189 | a8 | 107,268 | |||||||||||
| SECTION B | |||||||||||||||||
| b1 | PAYMENTS | ||||||||||||||||
| b2 | Stipends, salaries, NIC, Pension |
and | |||||||||||||||
| travel costs | 45,600 | 45 | 600 | 33,141 | |||||||||||||
| Manse Costs | 59,107 | 59,107 | 19,744 | ||||||||||||||
| I34 | Administration etc |
694 | 694 | 651 | |||||||||||||
| I35 | District Assessment | 46,267 | 46 | 267 | 45,835 | ||||||||||||
| b6 | Grants & Donations |
||||||||||||||||
| b7 | |||||||||||||||||
| b8 | Other Payments | 4,026 | 1,798 | 5,824 | 5,985 | ||||||||||||
| b9 | TOTAL PAYIIIIENTS | 155,694 | 1,798 | 157,492 | (I39) | 105,356 | |||||||||||
| Re | SECTION C | ||||||||||||||||
| NET RECEIPTS/PAYMENTS | FOR | ||||||||||||||||
| c1 | THE YEAR | a7-b9 | 31,566 | 263 | 31,303 | 1,912 | |||||||||||
| c2 | Total funds brou ht forward |
from | last | ear | 70,404 | 64,579 | 134,983 | c6 | 133,071 | ||||||||
| c3 | Sub total | c1+c2 | 38838 | 64 | 842 | 103 | 680 | 134,983 | |||||||||
| c4 | Transfers and ad'ustments |
c7 | |||||||||||||||
| c5 | TOTAL FUNDS AT END | OF | YEAR | (c3+c4) | 38,838 | 64,842 | 103,680 | (c8) | 134,983 (c6) | ||||||||
| SECTION D | |||||||||||||||||
| FOR INFORMATION ONLY: |
MONEY | RECEIVED | AND PASSED ON | TO EXTERNAL | ORGANISATIONS | ||||||||||||
| these amounts should |
not | be | Included | in total | recel ts/ ayments |
above) | |||||||||||
| d1 | Balance brou ht forward |
from last | ear | ||||||||||||||
| d2 | Offerin s/Gifts - received |
for external | or anisations | ||||||||||||||
| (13 | Offerings/Gifts —passed to external |
organisatlons | |||||||||||||||
| d4 | BALANCE STILL TO BEPAID | d1 | + | d2 - d3 |
| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent examiner's report to the trustees |
||
| Statement of financial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements | 10 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds E |
funds E |
Total funds E |
Total funds I |
|||
| Income and endowments | |||||||
| Donations and legacies |
12,667 | 12,667 | |||||
| Investment income |
495 | 2,061 | 2,556 | 568 | |||
| Other Income | 110,966 | 110,966 | 106,700 | ||||
| Total income | 124,128 | 2,061 | 126,189 | 107,268 | |||
| Expenditure Expenditure on charitable |
activities | 7,8 | 155,694 | 1,798 | 157,492 | 105,273 | |
| Other expenditure | 10 | 83 | |||||
| Total expenditure | 155,694 | 1,798 | 157,492 | 105,356 | |||
| Net (expenditure)/Income movement in funds |
and net | (31,566) | 263 | (31,303) | 1,912 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
70,404 | 64,579 | 134,983 | 133,071 | |||
| Total funds carried forward | 38,838 | 64,842 | 103,680 | 134,983 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 5 | f | |||||
| Fixed assets | |||||||
| Tangible fixed | assets | 15 | 1,198 | ||||
| Current assets | |||||||
| Debtors | 16 | 5,000 | |||||
| Cash at bank | and | in hand | 118,085 | 148,252 | |||
| 118,085 | 153,252 | ||||||
| Creditors: amounts | falling due within one year | 17 | 15,603 | 18,269 | |||
| Net current | assets | 102,482 | 134,983 | ||||
| Total assets | less | current liabilities | 103,680 | 134,983 | |||
| Net assets | 103,680 | 134,983 | |||||
| Funds ofthe | charity | ||||||
| Restricted funds |
64,842 | 64,579 | |||||
| Unrestricted funds |
38,838 | 70,404 | |||||
| Totalcharity | funds | 18 | 103I680 | 134983 |
| Donati | ons | and | legacies | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | E | E | E | ||||||
| Donations | |||||||||
| Donations | 267 | 267 | |||||||
| Grants | |||||||||
| United | Reformed | Church | 4,900 | 4,900 | |||||
| Methodist | Synod | 7,500 | 7,500 | ||||||
| 12,667 | 12,667 |
| 5. | Investment income |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| f | f | ||||
| Deposit fund Interest TMCP interest |
495 | 2,061 | 495 2,061 |
||
| 495 | 2,061 | 2,556 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| f | E. | ||||
| Deposit fund interest | 65 | 65 | |||
| TMCP Interest | 503 | 503 | |||
| 65 | 503 | 568 | |||
| 6. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| f | E | E | f | ||
| Church assessment | 110,966 | 110,966 | 106,700 | 106,700 |
| Expenditu | re | on c | haritable activities by fund type |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| f | f | |||||
| Ministerial churches |
oversight | and pastoral care ofthe seven local | 47,387 | 47,387 | ||
| Support of ministry team Maintenance of manses |
45,600 57,723 |
45,600 57,723 |
||||
| Support costs | 4,984 | 1,798 | 6,782 | |||
| 155,694 | 1,798 | 157,492 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| f | ||||||
| Ministerial | oversight | and pastoral care ofthe seven local | ||||
| churches | 46,648 | 46,648 | ||||
| Support of | ministry | team | 33,141 | 33,141 | ||
| Maintenance | of manses | 18,560 | 18,560 | |||
| Support costs | 3,755 | 3,169 | 6,924 | |||
| 102,104 | 3,169 | 105,273 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly F |
Support costs f |
2023 | 2022 | ||
| Ministerial oversight |
and pastoral care of | ||||
| the seven local churches | 47,387 | 47,387 | 46,648 | ||
| Support of ministry team Maintenance of manses |
45,600 57,723 |
45,600 57,723 |
33,141 18,560 |
||
| Support costs | 6,782 | 6,782 | 6,924 | ||
| 150,710 | 6,782 | 157,492 | 105,273 |
| Analysis of | support | costs | ||||
|---|---|---|---|---|---|---|
| Support costs | Total 2023 | Total 2022 | ||||
| 6 | E | E | ||||
| Insurance | 1,384 | 1,384 | 1,184 | |||
| Printing, postage and stationery Independent examiners fees TMCP CAF Bridgend administrative CAF Brldgend district levy Depreciation |
charge | 462 2,610 184 1,614 'l61 |
462 2,610 184 1,614 461 |
600 1,920 306 2,863 |
||
| Bank charges | 67 | 67 | 51 | |||
| 6,782 | 6,782 | 6,924 |
| 10. | Other expenditure | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Total |
Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2023 | Funds | 2022 | ||||||||
| E | E | E | E | ||||||||
| Loss on disposal oftangible | fixed | assets | |||||||||
| held for charity's own use |
83 | 83 | |||||||||
| 11. | Net (expenditure)/income | ||||||||||
| Net (expenditure)/Income | Is | stated after charging/(crediting): | |||||||||
| 2023 | 2022 | ||||||||||
| E | E | ||||||||||
| Depreciation oftangible |
fixed assets | 461 | |||||||||
| Loss on disposal oftangible | fixed | assets | 83 | ||||||||
| 12. | Independent examination |
fees | |||||||||
| 2023 | 2022 | ||||||||||
| E | E | ||||||||||
| Fees payable to the Independent Independent examination ofthe |
examiner Anandal |
for: statements |
2,610 | 1,920 | |||||||
| 13. | Staff costs | ||||||||||
| The average head count |
of employees | during | the | year was 1 (2022: 1). | |||||||
| 14. | Trustee remuneration | and expenses | |||||||||
| No trustee has received | remuneration | in the | year | (2022: Enil). | |||||||
| No trustees had travel expenses |
reimbursed | during | the year (2022: Enil). | ||||||||
| 15. | Tangible fixed assets |
| Tangible fixe | d assets | |
|---|---|---|
| Equipment | ||
| E | ||
| Cost | ||
| At 1September | 2022 | |
| Additions | 1,659 | |
| At 31August | 2023 | 1,659 |
| Depreciation | ||
| At 1 September Charge for the |
2022 year |
461 |
| At 31August | 2023 | 461 |
| Carrying amount At 31August 2023 |
1,198 | |
| At 31August 2022 |
| 16. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| E | E | |||||
| Prepayments | and accrued income | 5,000 | ||||
| 17. | Creditors: | amounts | falling due within one year | |||
| 2023 | 2022 | |||||
| E | E | |||||
| Assessments | received | in advance | 12,993 | 13,369 | ||
| Accruals | 2,610 | |||||
| Deferred | income | 4,900 | ||||
| 15,603 | 18,269 |
| Unrest | r | icte | d funds |
|||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1 September | 31August | |||||||
| 2022 | Income | Expenditure | Transfers | 2023 | ||||
| E | E | E | E | E | ||||
| General | funds | 30,404 | 119,228 | (110,602) | (192) | 38,838 | ||
| Designated | fund | 'l0,000 | 4,900 | (45,092) | 192 | |||
| 70,404 | 124,128 | (155,694) | 38,838 | |||||
| At | At | |||||||
| 1 September | 31August | |||||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||||
| E | E | E | E | E | ||||
| Genera | I | funds | 25,826 | 106,765 | (102,187) | 30,'l04 | ||
| Designated | fund | 40,000 | 40,000 | |||||
| 25,826 | 106,765 | (102,187) | 40,000 | 70,404 |
| Restrict | ed funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 September | 31August | ||||||
| 2022 | Income | Expenditure | Transfers | 2023 | |||
| E | E | E | E | ||||
| TMCP CAF (Circuit | |||||||
| Advance | Fund) Bridgend | 64,579 | 2,061 | (1,798) | 64,842 | ||
| At' | At | ||||||
| 1 September | 31August | ||||||
| 2021 | Income | Expenditure | Transfers | 2022 | |||
| E | E | E | E | E | |||
| TMCP CAF (Circuit | |||||||
| Advance | Fund) Bridgend | 107,245 | 503 | (3,169) | (40,000) | 64,579 | |
| Analysis | ofnet assets | between funds | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| E | E | E | |||||
| Tangible | fixed assets | 1,198 | 1,198 | ||||
| Current assets | 53,243 | 64,842 | 118,085 | ||||
| Creditors | less than | 1 year | (15,603) | (15,603) | |||
| Net assets | 38,838 | 64,842 | 103,680 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| E | E | E | |||||
| Tangible | fixed assets | ||||||
| Current assets | 88,673 | 64,579 | 153,252 | ||||
| Creditors | less than | 1year | (18,269) | (18,269) | |||
| Net assets | 70,404 | 64,579 | 134,983 |