OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Contents Pacae
Report
and Statement
Responsibilities		 of the Trustees' 1 — 11
Independent
Examiner's		 Report 12
Statement
of Financial		 Activities 13 — 14
Balance
Sheet.		 15 — 16
Notes to the Financial Statements 17 — 30

2022
SOFA
Notes		 2022
SOFA
Notes		 Unrestricted
funds		 Designated
funds		 Restricted
funds		 Total
2022
INCOME
6 ENDOWMENTS
Donations
and legacies
Income
from charitable
activities
Trading
activities
Investments		 165,280
7,987
82,560
823		 9,720 4,757
1,566		 170,037
7,987
82,560
12,109
Total
income		 256, 650 9,720 6,323 272, 693
EXPENDITURE
ON:
Raising
funds
Expenditure
on
charitable
activities		 2.312
254, 124		 3,432 2, 934 2 ~312
260,490
Total expenditure 256,436 3,432 2,934 262, 802
NET
INCOME (EXPENDITURE)		 214 6,288 3,389 9,891
TRANSFERS
Gross transfers
between
funds (20,580) 24, 627 (4,047)
OTHER RECOGNISED
GAINS/
(LOSSES)
Gains/(losses)
on
revaluation
of
investments (9,256) (9,256)
NET
MOVEMENT
ZN
FUNDS		 (20,366) 30,915 (9,914) 635
Reconciliation
of funds:
Total
funds
brought
forward		 16 330,940 13,002 648,243 992,185
TOTAL
FUNDS
CARRIED
FORWARD 16 310,574 43,917 638,329 992,820

2021 SOFA Notes Unrestricted
funds		 Designated
funds		 Restricted
funds		 Total
2021
S
INCOME
S ENDOWMENTS
Donations
and legacies
Income
from charitable
activities
Trading activities
Investments
Other
income		 3
4
5
6
7		 194,406
7,353
31,635
46
1,000		 10,800 3.727
40
840
1,499		 198,133
7,393
32,475
12,345
1,000
Total
income		 234,440 10,800 6,106 251,346
EXPENDITURE
ON:
Expenditure
on
charitable
activities		 8 222, 016 7,811 8,221 238,048
Total expenditure 222, 016 7,811 8,221 238,048
NET
INCOME (EXPENDITURE)		 12,424 2,989 (2,115) 13,298
TRANSFERS
Gross transfers
between
funds (2,000) 10,013 (8,013)
OTHER RECOGNISED
GAINS/
(LOSSES)
Gains/(losses)
on
revaluation
of
investments 8,430 8,430
NET
MOVJBCENT
IN
FUNDS		 10,424 13,002 (1,698) 21,728
Reconciliation
of funds:
Total
funds
brought
forward		 16 320,516 649,941 970,457
TOTAL
FUNDS
CARRIED
FORWARD 16 330,940 13,002 648,243 992,185

31 DECEMBER 2 022
2022
Unrestricted
funds		 Designated
funde		 Restricted
funds		 Total
funds
2022
BALANCE		 SHEET Notes
FIXED ASSETS
Tangible
fixed asset
Investments		 10
11		 177,094 512,096
91,542		 689,190
91,542
177,094 603,638 780,732
CURRENT
ASSETS
Debtors
and prepayments
Cash at bank
and in hand		 12
13		 12,683
136,157		 43,917 34,691 12,683
214,765
148,840 43,917 34,691 227, 448
LESS: CURRENT LIABILITIES
Creditors
and
Loan
from the		 accruals 14 12,210 12,210
Representative
Body		 3,150 3,150
15,360 15,360
NET
CURRENT
ASSETS		 133,480 43,917 34,691 212,088
NET ASSETS 16 310,574 43,917 638,329 992,820
Unrestricted
funds
Restricted
funds		 16
16		 310,574 43,917 638,329 354,491
638,329
NET ASSETS 16 310,574 43,917 638,329 992,820

2021
2021 BALANCE
SHEET		 Wotss Unxsstxfotsd
funds		 nsstgnatsd
funds		 Rsstxfotsd
funds		 Total
funds
FIXED ASSETS
Tangible
fixed asset
Investments		 10
11		 186,551 513,976
99,248		 700,527
99,248
186,551 613,224 799,775
CURRENT
ASSETS
Debtors
and prepayments
Cash at bank
and in hand		 12
13		 12,510
177,668		 13,002 34, 153
906		 12,663
225, 576
LESS:C~ LIABILITIES 190,178 13,002 35, 059 238,239
Creditors
and accruals
Loan
from the		 14 42, 639 40 42, 679
Representative
Body		 3,150 3,150
45,789 40 45,829
NET
CURRENT
ASSETS		 144,389 13,002 35, 019 192,410
NET ASSETS 16 330,940 13,002 648, 243 992,185
FUNDS
Unrestricted
funds
Restricted
funds		 16
16		 330,940 13,002 648, 243 343,942
648,243
NET ASSETS 16 330,940 13,002 648, 243 992,185

Unzestrict.
funds		 Unzestrict.
funds		 Desig.
fundsf		 Restrict.
funds
f.		 Total
2022		 Total
2021
Giving,
offerings,
donations
a appeals
HMRC receipts
and
gift direct
Legacies
Non-recurring
grants		 127,174
26,728
2,409
8,969		 2,000
2,757		 26,728
2,409
10,969
129,931		 22,481
47,674
127,978
165,280 4,757 170,037 198,133
4.ZNCQME
FROM CHARI		 TABLE ACTIVI TIES
Unrestzict.
funds		 Desig.
funds
f.		 Restrict.
fundsf		 Total
2022		 Total
2021
Wedding,
funeral,
burial
and other
fees 7,987 7,987 7,393
5. OTHER
TREDING ACTIVITIES
Unrestrict.
funds		 Desig.
funds
f		 Restzict.
funds
f		 Total
2022		 Total
2021
f.
50,862
18,424
Fund raising
and other
funds
generated
13,274
Hall
and building
rental
income
MA share
rebate		 13,274
50,862
18,424		 1,901
30,574
82,560 82,560 32,475
6. INVESTMENTS
Unzestrict.
funds		 Desig.
funds		 Restrict.
funds		 Total
2022		 Total
2021
f.
Investment
income
Bank interest
Rent
from investment		 823 1,566 1,566
823		 1,499
46
property 9,720 9,720 10,800
823 9,720 1,566 12,109 12,345
7. OTHER
INCOME
Unzestrict.
funds		 Desig.
funds		 Restrict.
funds
f		 Total
2022		 Total
2021
Insurance
claims		 1,000

S.EXPENDITURE
ON
CH		 ARITABLE AC TIVITIES
Unrestrict.
funds
f.		 Desig.
funds		 Restrict.
fundsf		 Total
2022		 Total
2021
Maintenance
of ministry:
Quota
Clergy
expenses		 148,143
11,009		 148,143
11,009		 145,644
9,683
Maintenance
of services:
Verger,
choir,
music
and organ
Other
maintenance		 13,759 13,759 1,911
of services 2,480 2,480 1,126
General
Area
expenses:
Salaries
and fees
Depreciation
Other
general
Area
expenses		 16,209
8,607
12,831		 2,730 16,209
11.337
12,831		 12,507
10,093
7,787
Maintenance
of
churches:
Light
and heat
Other
maintenance		 9,202 9,202 6,705
of churches 7,432 1,530 8,962 8,779
Maintenance
of
property:
.Light,
heat
and
water
Insurance
Repairs
and
maintenance
Other
maintenance		 8,826
5,489
6,800		 1,400 8,826
5,489
8,200		 5,173
5,342
15,732
of property 737 502 1,239
Mission 2, 600 204 2,804 7,566
254, 124 3,432 2,934 260,490 238,048
2022 2021
Independent
Accountancy
Depreciation		 examination
fees
fees
—owned assets		 1,500
1,900
11/337		 1,500
1,900
10,093
0.
TANGIBLE F		 IXED ASSET S
Chasubles,
frontals,
office
Freehold equipment,
fixtures		 &
property fittings Total
Costs:
At 1 January
2022
Additions		 734,714 107,837 842,551
Disposals
At 31 December 2022 734,714 107,837 842,551
Depreciation:
At
1 January
2022
Charge
for year
On disposals		 66,943
4, 09'9		 75,081
7,238		 142,024
11/ 337
At 31 December 2022 71,042 82,319 153,361
Net
Book Value:
At 31 December 2022 663,672 25,518 689,190
At 31 December 2021 667,771 32,756 700,527
YEAR ENDED 31 DE CEMBER 2022
11. INVESTMENT S 2022 2021
Valuation
at 1 January
CIF income
received
awaitinng
reinvestment
Deficit
on revaluation		 99,248
1,549
(9,255)		 89,340
1,478
8,430
Valuation at 31 December 91,542 99,248
Represented by:—
Shares
in
Common
Investment
Cash awaiting
investment		 Fund 78,939
12,603		 88,194
11,054
91,542 99,248
12. DEBTORS AND PREPAYMENTS PREPAYMENTS 2022 2021
Debtors
and
Prepayments		 accrued income 10,822
1,861		 10,902
1,761
12,683 12,663
.
634,691 (		 ,
2021		 : ,
: i34,906).		 )
and resrce
 unds
14. CREDITORS AND ACCRUALS 2022 2021
Creditors
Accruals		 7,117
5,093		 37,500
5,179
12,210 42,679

Tangible
fixed assets		 Net
current
and investments assets Total
E
Restricted
funds
Unrestricted
funds		 603,638
177,094		 34,691
177,397		 638,329
354,491
780,732 212,088 992,820
Unrealised
gains
included
above		 (losses)
Freehold
property
Investments		 499,550
32,895		 499,550
32,893
Total unrealised
at 31 December		 gains
2022		 532,445 532,445
16.
ACCUMULATED		 FUNDS
2022 2021
Ministry
Area
—Central
St Mary's
Church
St. Thomas'
Church
All Saints'
Church
All Saints'
Church
Llandaff		 North 908,774
20,195
64,244
(8,909)
8,516		 895,951
14,412
64,381
4,761
12,680
992,820 992,185

Current
Year		 Balance
01.01.22		 Incoming
resources
and reval.		 Resources
expended		 T/fers Balance
31.12.22
Unrestricted
funds:—
General
fund
Designated
fund		 330,940
13,002		 256, 650
9,720		 (256,436)
(3,432)		 (20,580)
24, 627		 310,574
43,917
343,942 266,370 (259,868) 4,047 354,491
Restricted
fundal
Taff Wenallt
Central:
Freehold
prop.		 491,675 491,675
Area Office 19,493 (1,507) 17,986
Disposal
of
freehold
prop.		 22, 403 22, 403
Investments 98,001 1,550 (9,124) 90,427
St Thomas':
Church
hall		 and
refurbishment 427 (427)
Friends
of St
Thomas 78 580 658
Grants 500 500
St Mazy's:
Church
hall
refurbishment 2,446 (671) 1.775
Churchyard
maintenance		 1,292 1,292
Investments 1,304 17 (131) 1,190
Organ
fund		 970 970
Grants 1,500 1,500
Balance c/fwd: 637,041 4,615 (11,860) 580 630,376
Current
Year		 Balance
01.01.22		 Incoming
resources
and reval.		 Resources
expended		 T/fers Balance
31.12.22
Restricted
Funds
(cont'd):-
Balance b/fwd 637,041 4,615 (11,860) 580 630,376
All Saints':
Church build. 886 (13) 873
Clearwater
proj.
294		 294
Organ
fund		 2,000 2,000
Hand bell
Ringers 845 845
All Saints
LN:
Wall repairs 4,671 (44) (4,627)
All churches':
Bequests,
special
collections
and charities 2,506 1,708 (273) 3,941
648,243 6,323 (12,190) (4,047) 638,329
Total
funds		 992,185 272, 693 (272,058) 992,820
Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820		 Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820		 Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820		 Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820		 Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820		 Bequests,
special
collections
and charities
2,506
1,708
(273)
3,941
648,243
6,323
(12,190)
(4,047)
638,329
Total
funds
992,185
272, 693
(272,058)
992,820
The Eastwall
Fund
has
been reclassified
by the trustees
as a
designated
fund
in 2022 whereas it was previously
classified
as a restricted
fund.
Previous
Year		 Balance
01.01.21		 Incoming
resources		 Resources
expended
and reval.		 T/fers Balance
31.12.21
Unrestricted
funds:—
General
fund
Designated
fund		 320,516 234,440
10,800		 (222,016)
(7,811)		 (2,000)
10,013		 330,940
13,002
320,516 245, 240 (229,827) 8,013 343,942

Previous
Year		 Balance
01.01.21		 Incoming
resources		 Resources
expended
and reval.		 T/fers Balance
31.12.21
Restricted
funds:—
Taff Wenallt
Central:
Freehold
prop.		 491,675 491,675
Benefice Office 21,000 (1,507) 19,493
Disposal
of
freehold
prop.		 22, 403 22, 403
Investments 88,212 9,789 98,001
Rental
income		 10,013 (10,013)
St Thomas'.
Church
hall
refurbishment li771 (1,344) 427
St Mazy' s:
Churchyard
hall
refurbishment		 3,302 (856) 2,446
Churchyard
maintenance		 452 840 1,292
Investments 1,164 140 1,304
All.Saints':
Church
build.		 869 40 (23) 886
Clearwater
project 1,609 I/177 (2,492) 294
Organ
fund		 2,000 2,000
Hand bell ringers
All Saints'
LN:
Wall repairs 4,671 4,671
Balance
.c/fwd		 647,141 12,831 (6,222) (8,013) 645,737

Previous
Year		 Balance
01.01.21		 Incoming
resources		 Resources
expended
and reval.		 T/fers Balance
31.12.21
Restricted
funds:—
Balance b/fwd 647,141 12,831 (6,222) (8,013) 645,737
All churches':
Bequests,
special
collections
and charities 2,800 1,705 (1,999) 2,506
649,941 14,536 ( 8 t 221) ( 8 ~ 013 ) 648,243
Total
funds		 970,457 259,776 (238,048) 992,185

MINISTRY
AREA ACC		 UMUIATED
FUND
2022 2021
General
reserves:
Balance
b/fwd
Surplus(deficit)		 for the year 459,740
635		 446, 442
13,298
Balance
c/fwd		 460,375 459,740
Revaluation
reserve:
Balance
b/fwd
Revaluation
during		 year 541,701
(9,256)		 533.271
8,430
Balance
c/fwd		 532,445 541,701
Combined
reserves		 992,820 992,185

18. ANALYSIS OF NET CASH AND AND BANK
FVNDS
At a JanuarY At 31 December
2022 Cashflow 2022
f,
Cash at bank and
in hand 225,576 (10,811) 214,765
225,576 (10,811) 214,765
At a JanuarY At 31 December
2021 Cashflow 2021
Cash at bank and
in hand 219,896 5, 680 225, 576
219,896 5, 680 225,576
19. CAPITAL COMMITMENTS
There
were
(2021 — nil).		 no capital commitments at 31 December
2022
20. CONTINGENT LIABILITIES