## ## |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|||||||||