2022-12-31-accounts - City United Reformed Church Cardiff (General Funds) Charity

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Principal	Address	Address	Windsor Place
			Cardiff
			CF103BZ
Serving	Elders		Mrs Selina Moyo	(retired 12June 2022)
			Mr Peter Sobers	(retired 12June 2022)
			Ms Chiara Strazzula	(retired 12June 2022)
			Mrs Alison Tansom
			Dr Nici Lintern-Gittens
			Ms Alison McQueen
			Mr Mark Lewis
			Mrs Bethan Trott
			Mrs Elizabeth Meek	(appointed		12June 2022)
			Mrs Rhode Henson	(appomted		12June 2022)
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-tt
Schedules to the Accounts:
Detailed Income Statement - General		Fund	12
Detailed Expense	Statement - General	Fund	13
Designated Funds			14-15

			2022		2021
		Total	Unrestricted	Funds	Total
		Funds	General	Designated	Funds
		6			8
INCOME
Voluntary Income
Direct giving		8,089	8,089		5,927
Gift Aid tax refund		1,488	1,488		1,684
Grants received		34,500	34,500		50,547
Legacies and donations		7,386	6,386	1,000	20,198
Investment Income
Interest and dividends		7,991	7,991		2,670
Other income
Use of premises		31,148	31,148		25,078
Sundry income		2	2		115
Total income		90,604	89,604	1,000	106,219
EXPENDITURE
Charitable activities
Ministry and Mission		25,038	25,038		24,434
Ministerial expenses		6,425	6,425		5,380
Church premises expenses		29,283	29,129	154	33,390
Salaries		23,420	23,420		34,366
Administrative costs		2,185	2,185		1,858
Donations and giRs		1,237	1,237		2,285
Depreciation		2,777	2,777		2,427
Independent Examiners fees		1,020	1,020		1,116
Total expenditure		91,385	91,231	154	105,256
Operating surplus / (deficit)		(781)	(1,627)	846	963
Net gains I(losses) on investments		10,763	11,479)	716	29,502
		(10,763)	(11,479)	716	29,502
Net Income I(expenditure)		(11,544)	(13,106)	1,562	30,465
Transfers between funds
Net Movement in Funds		(11,544)	(13,106)	1,562	30,465
Reconciliation offunds
Balances at beginning	ofyear	433,848	274,004	159,844	403,383
Balances at end ofyear		422,304	260,898	161,406	433,848

BALANCE SHEET 3'I DECEMBER 2022
		2022		2021
			8	8	0
FIXEDASSETS -Tangible			12,351		13,299
INVESTMENTS			238,952		249,715
			251,303		263,014
CURRENT ASSETS
Debtors		10,162		43,946
Short term deposits - CAF Gold		110,108		102,158
Cash at bank and in hand		57,392		37,455
		177,662		183,559
LESS: CURRENT LIABILITIES		~gpptt		~(12.725
NET CURRENT ASSETS			171,001
TOTAL NET ASSETS			422,304		433,848
Representing:
FUNDS
General fund	10 86 11		260,898		274,004
Designated funds	108 11		161,406		159,844
TOTAL FUNDS			422,304		4331848

2	- TANGIBLE FIXEDASSETS	- TANGIBLE FIXEDASSETS	- TANGIBLE FIXEDASSETS
				South Porch	Church		Office	Kitchen	Total
				Project	Fixtures &		Equipment	Equipment
					Equipment
					8
	Cost or valuation
	At 1 January 2022			29,392	34,242		36,454	20,994	121,082
	Additions during year						1,829		1,829
	At 31 December 2022			29,392	34,242		38,283	20,994	122,911
	Depreciation
	At 1 January 2022			26,520	24,483		35,786	20,994	107,783
	Charged during year			1,470		596	711		2,777
	At 31 December 2022			27,990	25,079		36,497	20,994	110,560
	Net book value
	At 31 December 2022			1,402	9,163		1,786		12,351
	At 31 December 2021			2,872	9,759		668		13,299
3	- INVESTMENTS
								2022	2021
									F
	General Funds
	City URC Reserve	Account
	FP CAF UK Equity Fund
	142774.566 units							229,089	240,568
	Designated Funds
	Endowment Trust	Fund
	Invesco UK Opportunities		Fund
	6075.75shares							9,863	9,147
	Total investments	-at market value						238,952	249,715
4	- DEBTORS
								2022f	2021 8
	Debtors							5,647	39,426
	Prepaid expenses							4,515	4,520
								10,162	43,946

5	- CASH	AT	BANK	AND IN HAND
					2022	2021
	General	Current account			55,748	35,811
	Endowment		Trust Fund		1,644	1,644
					57,392	37,455
6	- CURRENT LIABILITIES
					2022	2,021
					6	6
	Receipts	in	advance			9,619
	PAVE and National			Insurance	1,327	872
	Accrued	expenses			5,334	2,234
					6,661	12,725

- MOVEM	ENT	IN FU	NDS
				at 1January 2022	Inssms	expenditure	Odrsr Movements	atst oessmuer 2022
Unrestricted	-	General	Fund	274,004	89,604	(91,231)	(11,479)	260,898
Designated	-	Church	Repairs	41,072		(154)		40,918
		Legacies		107,691	1,000			108,691
		Endowment		10,940			716	11,656
		Church	Project	141				141
TOTAL FUNDS				433,848	110,604	~91,385	~10,763	422.304
Summary	ofthe above
Unrestricted		- General		274,004	89,604	(91,231)	(11,479)	260,898
		- Designated		159,844	1,000	(154)	716	161,406
TOTAL FUNDS				433,848	~0,604	~91,385	710,7637	422.304

			Tangible		Net current
			fixed assets	Investments	assets	Total
				6		E
General Fund			12,351	229,089	19,458	260,898
Designated	funds:
Church repairs					40,918	40,918
Legacies					108,691	108,691
Mission Fund IChurch		Project			141	141
Endowment	Trust			9,863	1,793	11,656
				9,863	151,543	161,406
			12,351	238,952	171,001	422,304

ENDED 31 DECEM	B	ER 2021
					2021
			Total	Unrestricted	Funds	Restricted	Endowment
			Funds	General	Designated	Funds	Funds
			6	E	E	E	6
INCOME
Voluntary Income
Direct giving			5,927	5,927
GiR Aid tax refund			1,684	1,684
Grants received
- General grants			50,547	50,547
Legacies and donations			20,198	6,273	13,925
Investment Income
Interest and dividends			2,670	2,521	149
Other income
Use ofpremises			25,078	25,078
Sundry income			115	115
Total income			106,219	92,145	14,074
EXPENDITURE
Costs of Generating		Funds
Ministry and Mission			24,434	24,434
Ministerial expenses			5,380	5,380
Church premises expenses			33,390	24,146	9,244
Salaries			34,366	34,366
Administrative costs			1,858	1,858
Donations and gifts			2,285	1,805	480
Depreciation			2,427	2,427
Independent Examiners		fees	1,116	1,116
Total expenditure			105,256	95,532	9,724
Operating surpus / (deficit)			963	(3,367)	4,350
Net gains / (losses) on	investments		29,502	27,720	1,782
			29,502	27,720	1,782
Net Income / (expenditure)			30,465	24,333	6,132
Transfers between funds
Net Movement in Funds			30,465	24,333	6,132
Reconciliation offunds
Balances at beginning	of	year	403,383	249,671	153,712
Balances at end ofyear			433,848	274,004	159,844

YEAR ENDED 31 DE	CEMBER 2022
		2022	2021f
Direct giving
Loose collections		1,502	326
Planned giving		6,587	5,601
		8,089	5,927
Gift Aid tax refund		1,488	1,684
Grants received
City URC Charity -	General	32,000	32,000
Government grants		2,500	18,547
		34,500	50,547
Donations and grants
RPC contributions	to manse costs	5,339	5,511
Donations &Gifts		340	164
Donations - special	purpose	707	243
Donations - Other			355
		6,386	6,273
Interest received
Bank interest		450	11
Investment dividends		7,541	2,510
		7,991	2,521
Use ofpremises
Car park		8,582	13,206
Lettings		14,015	2,910
Wayleave -SA Brain		8,551	8,962
		31,148	25,078
Other Income
Sundry Income			115
			115
Total Income ~ General	Fund	89,604	92,145

							2022	2021
							f
Ministry and Mission							24,246	24,246
Synod contribution
Regional	Pastorate		Expenses				792	188
							25,038	24,434
Manse Expenses				Insurance			438	477
				Council tax	and water rates		3,330	3,171
				Repairs and	fittings		2,607	1,732
							6,375	5,380
Church Service Expenses				Pulpit supplies			50
							50
Church Premises				Rates and water			393	38
Expenses				Insurance			6,482	6,052
				Church repairs and renewals			5,750	5,772
				Furnishings	and	equipment	1,083	401
				ITrepairs and equipment			1,159	266
				Light &heat			12,575	11,437
				Organ and piano		tuning etc.	1,687	180
							29,129	24,146
Salaries I	Director	of		Administrator				14,457
music costs				Warden/ caretaker			21,065	19,306
				NEST pension				293
				Salary costs			22,390	34,056
				Organists			1,030	310
							23,420	34,366
Administrative Costs				Printing and	advertising			869
				Sundry expenses			1,641	556
				Telephone			383	337
				Independent	examiner fee		1,020	1,116
				Bank charges			161	96
							3,205	2,974
Outreach	&Mission		(CACEC	etc)
Donations	and gifts			Members - special purposes			500	905
				Other gifts and donations			737	900
							1,237	1,805
Depreciation							2,777	2,427
Total expenditure		-	General Fund				91,231	95,532
Transfer to Church			Repair Fund
Total expenditure		and transfers from General				Fund	91,231	95,532

YEAR ENDED 31 DE	CEMBER	2	022
				2022	2021
				5
Church Repair Fund
Income
Expenditure
Paid out in year				154	9,244
				154	9,244
Transfer from /	(to) General		Fund
Net movement	in year			(154)	(9,244)
Opening balance				41,072	50,316
Closing balance				40,918	41,072
Legacies
Income
Legacies				1,000	13,915
Expenditure
Paid out in year
Net movement	in year			1,000	13,915
Opening balance				107,691	93,776
Closing balance				108,691	107,691
Mission Fund IChurch Project
Income
Donations					10
					10
Expenditure
Other charity donations					50
					50
Net movement	in year				(40)
Opening balance				141	181
Transfer from Benevolent		Fund
Closing balance				141	141

Endowment	Tr	ust Fund (D	esignated	)
					2022	2021
					6
Income
Investment		dividends				149
Tax refund		on investment	dividends
						149
Expenditure
Paid out	in	year				430
						430
Net movement	in	year				(281)
Realised from	sale of investment
						(281)
Opening balance					1,793	2,074
Closing balance					1,793	1,793
Investment -	Invesco UK Opportunities			Fund:
6075.75 I6075.75 units at Market Value					9,863	9,147