2021-12-31-accounts

Principal Address	Principal Address	Windsor Place
		Cardiff
		CF103BZ
Serving Elders		Mrs Viviene Davies	(term completed		May 2021)
		Mrs Selina Moyo
		Mr Peter Sobers
		Ms Chiara Strazzula
		Mrs Alison Tansom
		Dr Nici Lintern-Gittens
		Ms Alison McQueen
		Mr Mark Lewis
		Mrs Bethan Trott
Church Secretary		Mrs Alison Tansom
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
Independent	Examiners	Williams Ross Limited
		Chartered Accountants
		4 Ynys Bridge Court
		Gwaelod Y Garth
		Cardiff
		CF159SS
Charity Name		City United Reformed	Church	Cardiff (General Funds) Charity
Charity number		1130716

			Page
Annual Report			1-3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts			7-11
Schedules to the Accounts:
Detailed Income Statement - General		Fund	12
Detailed Expense	Statement - General	Fund	13
Designated Funds			14-15

			2021		2020
		Total	Unrestricted	Funds	Total
		Funds	General f	Designated	Funds E
INCONIE
Voluntary Income
Direct giving		5,927	5,927		5,691
Gift Aid tax refund		1,684	1,684		2,434
Grants received		50,547	50,547		71,329
Legacies and donations		20,198	6,273	13,925	8,071
Investment Income
Interest and dividends		2,670	2,521	149	4,569
Other income
Use of premises		25,078	25,078		26,196
Sundry income		115	115		3,705
Total income		106,219	92,145	14,074	121,995
EXPENDITURE
Charitable activities
Ministry and Mission		24,434	24,434		27,708
Ministerial expenses		5,380	5,380		3,355
Church premises expenses		33,390	24,146	9,244	24,277
Salaries		34,366	34,366		39,006
Administrative costs		1,858	1,858		3,057
Outreach & Mission	(CACEC etc)
Donations and gifts		2,285	1,805	480	1,590
Depreciation		2,427	2,427		2,278
Independent Examiners fees		1,116	1,116		996
Total expenditure		105,256	95,532	9,724	102,267
Operating surplus / (deficit)		963	(3,387)	4,350	19,728
Net gains I(losses) on investments		29,502	27,720	1,782	(15,062)
		29,502	27,720	1,782	(15,062)
Net Income I(expenditure)		30,465	24,333	6,132	4,866
Transfers between funds
Net Movement in Funds		30,465	24,333	6,132	4,866
Reconciliation offunds
Balances at beginning	ofyear	403,383	249,671	153,712	398,717
Balances at end ofyear		433,848	274,004	159,844	403,383

TANGIBLE FIXEDASSETS
	South Porch	Church	Office	Kitchen	Total
	Project	Fixtures &	Equipment	Equipment
		Equipment
		F
Cost or valuation
At 1 January 2021	29,392	25,204	36,454	20,994	112,044
Additions during year		9,038			9,038
At 31 December 2021	29,392	34,242	36,454	20,994	121,082
Depreciation
At 1 January 2021	25,050	24,189	35,123	20,994	105,356
Charged during year	1,470	294	663		2,427
At 31 December 2021	26,520	24483	35,786	20,994	107,783
Net book value
At 31 December 2021	2,872	9,759	668		13,299
At 31 December 2020	4,342	1,015	1,331		6,688

INVESTMENTS
			2021	2020
			f	f
General Funds
City URC Reserve	Account
FP CAF UK Equity Fund
142774.566 units			240,568	212,848
Designated Funds
Endowment Trust	Fund
invesco UK Opportunities		Fund
6075.75shares			9,147	7,366
Total investments	-at market value		249,715	220,214

		2021	2020
		F
Debtors		39,426	33,878
Prepaid	expenses	4,520	3,817
		43,946	37,695

5	-CASH	AT	BANK	AND IN HAND
					2021	2020
					E
	General	Current account			35,811	32,166
	Endowment		Trust Fund		1,644	2,074
					37,455	34,240
6	- CURRENT LIABILITIES
					2021	2,020
	Receipts	in	advance		9,619
	PAYE and National			Insurance	872	1,470
	Accrued	expenses			2,234	3,621
					12,725	5,091

- MOVEM	ENT	IN FUN	DS
				At 1January 2021	Income	Expenditure	Other Movemenm	At 31December 2021
Unrestricted	-	General	Fund	249,671	92,145	(95,532)	27,720	274,004
Designated	-	Church Repairs		50,316		(9,244)		41,072
		Legacies		93,776	13,915			107,691
		Endowment		9,439	149	(430)	1,782	10,940
		Church Project		181	10	(50)		141
TOTAL FUNDS				403,383	106,219	~it05256	29,5I12	433,848
Summary	ofthe above
Unrestricted		-General		249,671	92,145	(95,532)	27,720	274,004
		-Designated		153,712	14,074	(9,724)	1,782	159,844
TOTAL FUNDS				403.383	106,219	~I05,256	29.502	433,040

			Tangible		Net current
			Rxed assets	Investments	assets	Total
			6	6	6	8
General Fund			13,299	240,568	20,137	274,004
Designated	funds:
Church repairs					41,072	41,072
Legacies					107,691	107,691
Mission Fund /Church		Project			141	141
Endowment	Trust			9,147	1,793	10,940
				9,147	150,697	159,844
			13,299	249,715	170,834	433,848

ENDED 31 DECEM	B	ER2020
					2020
			Total	Unrestricted	Funds	Restricted	Endowment
			Funds	General	Designated	Funds	Funds
				4	s	E	E
INCONIE
Voluntary Income
Direct giving			5,691	5,691
Gift Aid tax refund			2,434	2,434
Grants received
-General grants			71,329	71,329
Legacies and donations			8,071	6,890	1,181
Investment Income
Interest and dividends			4,569	4,362	207
Other income
Use ofpremises			26,196	26,196
Sundry income			3,705	3,705
Total income			121,995	120,607	1,388
EXPENDITURE
Costs ofGenerating		Funds
Ministry and Mission			27,708	27,708
Ministerial expenses			3,355	3,355
Church premises expenses			24,277	23,217	1,060
Salaries			39,006	39,006
Administrative costs			3,057	3,057
Outreach & Mission (CACEC etc)
Donations and gifts			1,590	1,590
Depreciation			2,278	2,278
Independent Examiners		fees	996	996
Total expenditure			102,267	101,207	1,060
Operating surpus I (deficit)			19,728	19,400	328
Net gains I(losses) on	investments		~(6.662) (15,062)	(14,216) (14,216)	(646) (846)
Net Income I (expenditure)			4,666	5,184	(518)
Transfers between funds					10,078		10,078
Net Movement in Funds			4,666	5,184	9,560		(10,078)
Reconciliation offunds
Balances at beginning	of	year	398,717	244,487	144,152		10,078
Balances at end ofyear			403,383	249,671	153,712

YEAR ENDED 3	1 DECEMBER2021
		2021	2020
			E
Direct giving
Loose collections		326	417
Planned giving		5,601	5,274
		5,927	5,691
Gift Aid tax refund		1,684	2,434
Grants received
City URC Charity - General		32,000	32,000
Government	grants	18,547	39,329
		50,547	71,329
Donations and grants
Donations 8	Gifts	164	6,040
Donations - special purpose		243	300
Donations - Other		5,866	550
		6,273	6,890
Interest received
Bank interest		11	94
Investment dividends		2,510	4,268
		2,521	4,362
Use ofpremises
Car park		13,206	12,761
Letting s		2,910	4,655
Manse rent
Coffee bar			177
Wayleave - SA Brain		8,962	8,603
		25,078	26,196
Other Income
Sundry Income		115	3,705
		115	3,705
Total Income - General Fund		82,145	120,007

					2021	2020
					8
Ministry and Mission					24,246	27,108
Synod contribution
Regional Pastorate Expenses					188	600
					24,434	27,708
Manse Expenses			Insurance		477	473
			Council tax	and water rates	3,171	2,715
			Repairs and	fittings	1,732	167
					5,380	3,355
Church Service Expenses			Pulpit supplies
			Junior church
			Flowers
Church Premises			Rates and water		38	235
Expenses			Insurance		6,052	5,861
			Church repairs and renewals		5,772	7,390
			Furnishings	and equipment	401	129
			Equipment hire
			IT repairs and equipment		266	345
			Light &heat		11,437	8,446
			Organ and piano tuning etc.		180	811
					24,146	23,217
Salaries IDirector		of	Administrator		14,457	19,772
music costs			Warden/ caretaker		19,306	18,378
			NEST pension		293	416
			Salary costs		34,056	38,566
			Organists		310	440
					34,366	39,006
Administrative	Costs		Printing and	advertising	869	662
			Sundry expenses		556	2,009
			Telephone		337	326
			Independent	examiner fee	1,116	996
			Bank charges		96	60
					2,974	4,053
Outreach 8 Mission (CACEC etc)
Donations and gifts			Asylum Justice grant
			Members - special purposes		905	1,000
			Other gifts and donations		900	590
					1,805	1,590
Depreciation					2,427	2,278
Total expenditure		- General Fund			95,532	101,207
Transfer to Church		Repair Fund
Total expenditure		and transfers from General Fund			05,532	101,207

YEAR ENDED	31 DECEMBE	R 2	021
				2021	2020
				6
Church Repair	Fund
Income
Expenditure
Paid out	in year			9,244	1,060
				9,244	1,060
Transfer	from /(to) General		Fund
Net movement in year				(9,244)	(1,060)
Opening	balance			50,316	51,376
Closing	balance			41,072	50,316
Legacies
Income
Legacies				13,915	1,000
Expenditure
Paid out	in year
Net movement in year				13,915	1,000
Opening	balance			93,776	92,776
Closing	balance			107,691	93,776
Mission Fund I	Church Project
Income
Donations				10	181
				10	181
Expenditure
Other charity donations				50
				50
Net movement in year				(40)	181
Opening	balance			181
Transfer	from Benevolent	Fund
Closing balance				141	161