## ## |Contents||||Pacae| |---|---|---|---|---| |Report
and
Statement
Responsibilities||of the Trustees'||1 — 12| |Independent|Examiner's|Report||13| |Consolidated
Activities|Statement|of|Financial|14 — 16| |Consolidated|Balance|Sheet||17| |Notes to the Consolidated|||Financial|| |Statements||||18 — 26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |YEAR ENDED 31 DECEMBER 2020||||| |---|---|---|---|---| ||||2020|2019| ||Unrestricted|Restricted|Combined
total|Combined
total| ||funds|funds|fundsf|funds| |INCOMING
RESOURCES||||| |Direct giving:—
Stewardship
envelopes
and gift aid
Open collections
Donations|74,619
18,974
14,464|903|74, 619
18,974
15,367|92,466
24, 979
13,499| |Mission:-||||| |Collections
for special
purposes||1,024|1,024|1,407| |Indirect
giving:—
Income tax refunds
on gift aid|25,070||25,070|23,160| |Legacy gifts:—
Bequests
and legacies|45,983||45, 983|| |Grants:—||||| |Diocesan
Board of Finance
Job retention
scheme
Local
and
Church
Authorities|43,730
8,085||43,730
8,085|6,000| |Money raising:-
Sales, fetes
and concerts
Church hall
income
Churchyard
maintenance
Miscellaneous|603
15,715
68|4,431
196
1,202|5,034
15,911
1,202
68|14,361
38,480
2,563
400| |Fees:—||||| |Weddings,
funerals,
baptisms
and christenings|1,866||1,866|14,509| |Investment
income:—||||| |Rents
received
Community
investment
fund
Bank interest
C.O.I.F interest|1
196|10,800
1,472|10,800
1,472
1
196|16,200
1,861
69
372| |Other
incoming
resources:-
Insurance
claim|76||76|2,420| |TOTAL
INCOMING
RESOURCES|249,450|20,028|269,478|252,746| ## |YEAR ENDED 31 DECEMBER 2020||||| |---|---|---|---|---| ||||2020|2019| |Unrestricted||Restricted|Combined
total|Combined
total| ||funds|funds|funds|funds| |RESOURCES
USED||||| |Maintenance
of Ministry:—
Quota
Clergy
expenses
Visiting
clergy
and readers
Secretarial
salary|146,229
3,345
570
3,405||146,229
3,345
570
3,405|135,664
10,379
3,551
3,750| |Maintenance
of services:-||||| |Altar
requisites
Choir,
music
and
organ|1,234
4,337||1,234
4,337|3,849
21,016| |General
Benefice expenses:-
Salaries
and fees
Telephone
and internet
Printing,
postage
and
stationery
Newsletter,
magazine
and
publicity
Accountancy
fees
Equipment
leasing
and repairs
Gifts,
celebrations
and
donations
for clergy
Depreciation
Security
Sundries|10,613
863
1,670
3,420
1,126
3,556
176
561|4,190|10,613
863
1,670
3,420
1,126
7,746
176
561|7,622
885
3.537
124
3,590
1,180
70
8,258
189
1,861| |Maintenance
of churches:—||||| |Light
and heat
Insurance
Repairs,
maintenance
and
professional
fees
—churches
Churchyard
maintenance
fund|6,291
3,434
4,527|750|6,291
3,434
4,527
750|8,249
3/371
15,755
6,825| |Maintenance
of property
(Church
houses
and hall costs)
Light,
heat
and water
Insurance
Repairs
and maintenance
church
hall
and houses
Sundries|6,032
5,496
13,349|1,198|6,032
5,496
14,547|7,975
5,082
27, 080
19| |Mission:—||||| |Payments
to charities
Collections
for special
purposes
Hymn
books,
lectionaries
and
other publications|153
95|2,532
50|2.532
203
95|4,475
371| |TOTAL
RESOURCES
USED|220, 482|8,720|229,202|284, 727| ## ## ||||||2020||2019| |---|---|---|---|---|---|---|---| |||Notes|Unrestricted
funds|Restricted
funds|Combined
total
funds||Combined
total
funds| |||||E|E||E| |TOTAL
ZNCOMING
RESOURCES|||249,450|20,028|269,478||252, 746| |TOTAL
RESOURCES|USED||(220,482)|(8,720)|(229,202)|(|284, 727)| |NET
INCOMING
(OUTGOING)|||||||| |RESOURCES
MOVEMENT|||28, 968|11,308|40,276||(31,981)| |TRANSFER
BETWEEN|FUNDS||||||| ||||28,968|11,308|40,276||(31,981)| |UNREALZSED
GAIN(LOSS) ON|||||||| |REVALUAT1ON
OF|||||||| |INVESTMENTS||||4,566|4,566||9,395| ||||28, 968|15,874|44, 842||(22,586)| |SURPLUS
BROUGHT|FORWARD|8|291,548|634,067|925,615||948,201| |SURPLUS
CARRIED|FORWARD|8|320,516|649,941|970,457||925, 615| |CONSOLIDATED
BALANCE
31DE~ 2020|SHEE|T|||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| ||||unrestricted|Restricted||Tctal|Tctal| ||||funds|funds||funds|funds| |||nates|f||||| |FIXED ASSETS|||||||| |Tangible
fixed asset||2|173,320|517,882||691,202|697,294| |INVESTMENTS|||||||| |Quoted
investments
Other||||79,
9,|764
576|79,764
9,576|75,198
8,125| |||||89,340||89,340|83,323| ||||173,320|607,222||780,542|780,617| |CURRENT
ASSETS|||||||| |Debtors
and prepayments
Bank accounts
C.O.I.F deposit
account||4
5
5|9,731
142,564
34,495|10,303
32,534||9,731
152,867
67,029|16,655
77,216
66,270| ||||186,790|42,|837|229, 627|160,141| |LESS: CURRENT LIABILITIES|||||||| |Creditors
and accruals
Loan
from the||6|36,444||118|36I562|11 993| |Representative
Body|||3,150|||3,150|3,150| ||||39,594||118|39,712|15,143| |NET
CURRENT
ASSETS|||147,196|42,|719|189,915|144,998| |NET ASSETS|||320,516|649,|941|970,457|925,615| |Represented
by:—
CONSOLIDATED AC~TED||FUNDS|||||| |Unrestricted
income
funds
Restricted
income
funds|||320,516|649|941|320,516
649s 941|291,548
634s 067| |TOTAL
FUNDS||8|320,516|649s|941|970s 457|925s 615| |The financial
statements||were|approved|by the Board of Trustees.|||| ## ## |2.
TANGIBLE|FZXED|ASSETS|ASSETS||Chasubles,
frontals,
office||| |---|---|---|---|---|---|---|---| |Properties
S
Rectorial Benefice:—||||Benefice
office|ecgxipment,
fixtures
fittings|&|Total
I,| |Costs:|||||||| |At
1 January
2020
Additions|||635,000|44, 482|13,839||693,321| |Disposals|||||||| |At 31 December|2020||635,000|44, 482|13,839||693,321| |Depreciation:
At 1 January
2020
Charge
for year
On disposals||||21,878
1,507|13,112
182||34,990
1,689| |At 31 December|2020|||23,385|13,294||36,679| |Net
Book Value:|||||||| |At 31 December|2020||635,000|21,097|545||656,642| |At. 31 December|2019||635,000|22, 604|727||658,331| |Churches:-|||||||| |Net
Book Value:|||||||| |At 31 December|2020||15,782||18,778||34,560| |At 31 December|2019||18,391||20,572||38,963| |Consolidated:-|||||||| |Net
Book Value.|||||||| |At 31 December|2020||650,782|21,097|19,323||691,202| |At 31 December|2019||653,391|22, 604|21,299||697,294| ## |
properes

the creation
of a revaluation|was
nc
reser|ease
by f
ve.|99,550
o| |---|---|---|---| |INVESTMENTS||2020|2019| |Valuation
at 1 January
CIF income
received
awaiting
reinvestment
Surplus
on revaluation||83,323
1,451
4,566|72,083
1,845
9,395| |Valuation
at 31 December||89,340|83,323| |Represented
by:—|||| |Shares
in
Common
Investment
Cash awaiting
investment|Fund|79,764
9,576|75,198
8,125| |||89,340|83,323| |CREDITORS|AND|ACCRUALS|2020|2019
f| |---|---|---|---|---| |Creditors
Accruals|||32,197
4,365|6,466
5,527| ||||36,562|11,993| ## ## |THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)|THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)|THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)|THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)|THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)|THE RECTORIAL
BENEF1CE OF WHITCHURCH
CARDIFF
NOTES
TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
(continued)
YEAR ENDED 31 DECEMBER 2020
CREDITORS
AND
ACCRUALS
(continued)| |---|---|---|---|---|---| |On
22
December
2017
the
Benefice
entered
into
a
lease
rental
agreement
in
respect
of
a
digital
media
photocopier
at
a quarterly
rental
of
I,281.54,
including
value
added
tax,
for
a hire
period
of
5 years.
This is
being
treated
as
a lease
hire
agreement
and
the
rental
will
be written
off in the resources
expended
as
and
when
the instalments
fall
due.|||||| |ANALYS1S
OF NET ASSETS BETWEEN
FUNDS|||||| |||Net|||| ||Tangible
fixed assets|current
assets|||Total| ||and investments||||| |Restricted
funds
Unrestricted
funds|607,222
173,320|42,719
147,196|||649,941
320,516| ||780,542|189,915|||970,457| |Unrealised
gains
(losses)
included
above|||||| |Freehold
property
Investments|499,550
33 721||||499,550
33 721| |Total unrealised
gains
at 31 December
2020|533/271||||533.271| |8.
CONSOLIDATED
ACCUMULATED
FUNDS|||||| |||2020|||2019| |Rectorial
Benefice of Whitchurch
St Mary's
Church
St. Thomas'
Church
All Saints'
Church
All Saints'
Church
Llandaff
North||870,156
131135
65,104
14,408
7,654|||820,149
(10,372)
80,658
29,211
5,969| |||970,457|||925,615| |Current
Year
Balance
01.01.20|Incoming
Resources
resources
expended
and revel.
T/fers||||Balance
31.12.20| |Unrestricted|||||| |funds:—|||||| |General
fund
291,548|249,450
(220,|482)|||320,516| |291,548|249, 450
(220,|482)|||320,516| ||22||||| ## |CONSOLIDAT|ED
ACCUMUZ|ED
ACCUMUZ|ATED
FUNDS|(continued)||| |---|---|---|---|---|---|---| ||Balance
01.01.20||Incoming
resources
and reval.|Resources
expended|T/fere|Balance
31.12.20| |Restricted||||||| |funds:||||||| |Benefice:||||||| |Freehold
prop.|491,675|||||491,675| |Benefice Office||22, 507||(1,507)||21,000| |Disposal
of
freehold
prop.||22, 403||||22, 403| |Investments||82,261|5,951|||88,212| |Rental
income||411|10,800|(1,198)||10,013| |St Thomas':||||||| |Church
hall
and||||||| |refurbishment||3,115||(1,344)||1.771| |Donation
for||||||| |furniture
and||||||| |equipment||250||(207)||| |St Mary' s:
Church
hall||||||| |refurbishment||4,403||(1,101)||3,302| |Churchyard
maintenance|||1,202|(750)||452| |Investments||1,078|86|||1,164| |All Saints':||||||| |Church
build.||900||(31)||869| |Clearwater
proj.||2,101|228|(720)||1,609| |Men's
Fellowship||524||(524)||| |All Saints
LN:||||||| |Wall repairs|||4, 671|||4, 671| |All churches':||||||| |Bequests,
special
collections||||||| |and charities||2,439|1,656|(1,338)||2I757| ||634,067||24, 594|(8,720)||649,941| |Total
funds|925,615||274, 044|(229,202)||970,457| ## |YEAR ENDED 31 DECEMBER 2020|YEAR ENDED 31 DECEMBER 2020|YEAR ENDED 31 DECEMBER 2020||||| |---|---|---|---|---|---|---| |8.
CONSOLIDATED
ACCUMULATED|||FUNDS|(continued)||| |Previous
Year|Balance
01.01.19|Incoming
resources||Resources
expended
and revel.|T/fera|Balance
31.12.19| |Unrestricted||||||| |funds:-||||||| |General
fund|326,140|214,|190|(248,203)|(579)|291,548| ||326,140|214,|190|(248,203)|(579)|291,548| |Restricted||||||| |funds:—||||||| |Benefice:||||||| |Freehold
prop.|491,675|||||491,675| |Benefice Office|24,014|||(1,507)||22, 507| |Disposal
of
freehold
prop.|22, 403|||||22, 403| |Investments|71,154|11,107||||82,261| |Rental
income||16,200||(15,789)||411| |St Thomas':||||||| |Church
hall||||||| |refurbishment|4,459|||(1,344)||3.115| |Donation
for||||||| |furniture
and||||||| |equipment|496|||(246)||250| |St Mary' s:
Churchyard
hall
refurbishment|3 771|1,|800|(1,168)||4,403| |Churchyard||||||| |maintenance||2,|563|(2,563)||| |Investments|929||149|||1,078| |Balance
c/fwd|618,901|31,819||(22,617)||628,103| ## ## |CONSOLIDATED|CONSOLIDATED|CONSOLIDATED|ACCUMULATED|ACCUMULATED|FUNDS|(continued)||| |---|---|---|---|---|---|---|---|---| |||Balance
01.01.19||Incoming
resources||Resources
expended
and reval.|T/fers|Balance
31.12.19| |Restricted
Funds
(cont.|):—|||||||| |Balance
b/fwd||618,901||31,|819|(22, 617)|—|628,103| |All Saints':||||||||| |Church
build.|||163||199|(41)|579|900| |Clearwater||||||||| |project|||1,618||483|||2,101| |Men' s||||||||| |Fellowship|||524|||||524| |All Saints'|LN:|||||||| |Wall repairs||||9,|601|(9,601)||| |All churches':||||||||| |Bequests,
special
collections||||||||| |and charities|||855|5,|849|(4,265)||2,439| |||622, 061||47,|951|(36,524)|579|634,067| |Total
funds||948,201||262,|141|(284,727)||925, 615| ## |YEAR|ENDED 31DE~ 2020||||||| |---|---|---|---|---|---|---|---| |9.|BENEFICE ACCUMULATED|FUND|||||| |||||2020||2019|| ||General
reserves:||||||| ||Balance
b/fwd
Surplus(deficit)
for|the|year|291,577
45,506||307,121
(15,544)|| ||Balance
c/fwd|||337,|083|291,|577| ||Revaluation
reserve:||||||| ||Balance
b/fwd
Revaluation
during
year|||528,
4,|572
501|519,310
9,262|| ||Balance
c/fwd|||533,|073|528,|572| ||Combined
reserves|||870,|156|820,|149| |10.|CAPITAL
COMMITMENTS||||||| ||There
were
no
capital
(2019 — nil) .||commitments|at|31|December|2020| |11.|CONTINGENT
LIABILITIES|||||||