| Page | ||
|---|---|---|
| Report ofthe Ministry Area Council | ||
| Financial Review |
||
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | 10 | |
| Notes to the Accounts |
| HOLY TRINITY CHURCH, Mostyn St And STTUDNO'S CHURCH, Great Orms, |
HOLY TRINITY CHURCH, Mostyn St And STTUDNO'S CHURCH, Great Orms, |
HOLY TRINITY CHURCH, Mostyn St And STTUDNO'S CHURCH, Great Orms, |
HOLY TRINITY CHURCH, Mostyn St And STTUDNO'S CHURCH, Great Orms, |
reet, Llandudno Llandudno MINISTRY AREA COUNCIL (formerly PCC) members: |
reet, Llandudno Llandudno MINISTRY AREA COUNCIL (formerly PCC) members: |
reet, Llandudno Llandudno MINISTRY AREA COUNCIL (formerly PCC) members: |
reet, Llandudno Llandudno MINISTRY AREA COUNCIL (formerly PCC) members: |
reet, Llandudno Llandudno MINISTRY AREA COUNCIL (formerly PCC) members: |
|
|---|---|---|---|---|---|---|---|---|---|
| The MAC (PCC) members who have |
served from 1 January 2020 untff the date this report was approved | are | |||||||
| Name | Ifappointed or | Resigned | ln period | Office held | |||||
| date appointed | date resigned | ||||||||
| Clergy | Revd Andrew Sully |
M Phil | Ministry Area Leader | ||||||
| Ven Mary Stallard | BA | Assodate Vicar | &Archdeacon | ||||||
| ofBangor | |||||||||
| Revd Marlin Pritchard | MA | August 2020 | Curate | ||||||
| Revd Sion Rhys Evans | Curate | ||||||||
| Church | Warden appointed by |
Incumbent | |||||||
| (Holy Trinity) | |||||||||
| Mr Geoffrey Howard | August 2020 | ||||||||
| Mr Adrlan Is Trobe | August 2020 | ||||||||
| Church | Warden Emeritus | ||||||||
| Mr Geoffrey Howard | August 2020 | ||||||||
| Church | Warden (Holy Trinity) |
||||||||
| Miss Judith Williams |
|||||||||
| Church | Wardens (StTudno's) | ||||||||
| Miss Christine Jones | |||||||||
| Mrs Vicky Ford | |||||||||
| MAC Wardens | |||||||||
| Miss Christine Jones | |||||||||
| Miss Judith Williams | |||||||||
| Elected | iuembers | ||||||||
| Mr John Eurig Jones | August 2020 | Treasurer | |||||||
| Mrs Jenny Bicknell | Secretary | ||||||||
| Mr Herry Ford | August 2020 | Treasurer | |||||||
| Mr Rob Georgsson | |||||||||
| Mrs Roz Harrison | |||||||||
| Pat Hebron | |||||||||
| Andy Leitch | |||||||||
| Mrs Edna Psarce | |||||||||
| Angola Prltchard | |||||||||
| Ray Stythe-Jones | |||||||||
| Suzl Stafford | |||||||||
| MAC members are appointed |
or | elected as set out in the Church | in Wales Constitution. | AII | |||||
| Church | attendees are encouraged |
to register on the Electoral Roll and stand for election to | |||||||
| the MAC |
| Advisors | |||
|---|---|---|---|
| independent | examiners | Bankers | Solicitors |
| Mr Andrew | Filbee FCA | Lloyds | Bone &Payne LLP |
| Bennett Brooks &co Ltd | 22 Mostyn Street | 55 Madoc Street | |
| 19Trinity Square | Llandudno | Llandudno | |
| Llandudno | LL30 2RU | LL30 2TW | |
| LL30 2RD |
| YEAR ENDED | Sf DECEMBER 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Estdowns eat | Tote I fun da | ||||||||
| Note | funds | funda | furtde | 2020 | 20I8 | ||||||
| 6 | F. | 6 | 8 | 6 | |||||||
| INCOMING RESOURCES |
|||||||||||
| Voluntary | Income | ||||||||||
| a) Planned giving b)Loose Cogectlons |
15,904 2,215 |
450 | 15,904 2,665 |
18,014 10,412 |
|||||||
| c)l)Donations | 2,240 | 1,992 | 4,232 | 10,724 | |||||||
| c)8)Donauons from subsidiary d) For Mission e) Tax Refunds |
34,135 78 7,654 |
34,135 78 7,654 |
66,625 620 7,089 |
||||||||
| I)Legacy Gifts | 289,038 | ||||||||||
| 6) Grants | 1,200 GSG26 |
2,442 | 65,768 | 9,606 412,128 |
|||||||
| Generated | Income | ||||||||||
| a) Acti vglas for generating | funds | 1,477 | 4,811 | 6,288 | 25,637 | ||||||
| b)Fees | 910 2+87 |
569 5,380 |
1,479 7,767 |
3,864 29501 |
|||||||
| Investment Income |
6,752 | 6,770 | 1+92 | 15,514 | 18,991 | ||||||
| TOTAL INCOMING RESOURCES |
72,465 | 14,592 | 1,992 | 89,049 | 460,620 | ||||||
| RESOURCES EXPENDED | |||||||||||
| Support for Ministry | a) Bishop's Ministry Fund |
88,068 | 85,059 | ||||||||
| b) Parochial expenses ofClarice | 960 | 3,164 | |||||||||
| c) Curate's Expenses |
1,033 | 1,033 | 2,477 | ||||||||
| d) other | 285 90,985 |
||||||||||
| Parish Acthdtles | |||||||||||
| a) Maintenance ofServices |
2,071 | 728 | 1,799 | 10,676 | |||||||
| b) General Padsh Expenses |
4 | 14,443 15,514 |
213 941 |
14,656 16,455 |
9,552 20,428 |
||||||
| Church Property | a) Maintenance ofChurches |
18,050 | 1992 | 20,487 | 28,767 | ||||||
| b) Maintenance ofOther |
property | 2,244 20@94 |
3,100 3 545 |
1092 | 25/I31 | 13,995 42,762 |
|||||
| Grants and other | |||||||||||
| Nnendal | Support | a) Mission Parish bl Mission; Home/World |
571 1,057 |
571 1,057 |
3,112 1,155 |
||||||
| 1,628 | 1,628 | 4,267 | |||||||||
| Otherresources | |||||||||||
| expended | |||||||||||
| a) Capital payment» | |||||||||||
| b) Depreciation offlxed Assets c)Cost of Money Raising |
29,745 810 30,555 |
2,875 2,875 |
29,745 3,685 33,430 |
34GOS 6,150 41,059 |
|||||||
| TOTAL RESOURCES EXPENDED | 158,057. | 7,361 | 1,992 | 167,405 | 199,501 | ||||||
| Net (resources | |||||||||||
| expended)/Incoming resources |
|||||||||||
| before transfers | (85,587) | 7,231 | (TBGSG) | 261,219 | |||||||
| Trans(ers between funds | (40) | ||||||||||
| Net (romances | |||||||||||
| expended)/Incomtng resources |
|||||||||||
| before other recognised | gains and | ||||||||||
| losses | (BS,S47) | 7,191 | (78+56) | 261,119 | |||||||
| Gain/(loss) on revaluation |
and on | ||||||||||
| disposal ofInvestments NET MOVEMENT IN FUNDS |
8,726 (76,821) |
2,951 20442 |
6,180 6 180 |
17,857 (60499) |
78,502 339,621 |
||||||
| Total funds brought forward |
744,396 | 505,344 | 101,784 | 1,351,524 | 1,011,903 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 9 | 667,575 | 515,486 | 107,964 | 1,291,025 | 2451524 |
| YEAR ENDED | sf DECEMBER | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||||
| Notes | funds | funda | funds | 2020 | 2019 | |||
| FIXED ASSETS | ||||||||
| Tangible | 168,552 | 168,552 | 197,822 | |||||
| Investment ln subsidiary |
100 | 100 | 1CO | |||||
| Investments | 468,664 | 402,524 | 107864 | 979,152 | 961,296 | |||
| 637,316 | 402,524 | 107,964 | ||||||
| CURRENT ASSETS | ||||||||
| Prepayments | 3,184 | 446 | 3,630 | 3,625 | ||||
| Stock | 4,441 | 4,441 | 4,721 | |||||
| Debtors | 1,325 | 255 | 1,580 | 5,787 | ||||
| Amount owing by Cash at bank and |
Trinity ln hand |
CP | 21,274 9,842 |
107,820 | 21,274 117,662 |
10,139 172,547 |
||
| 35,625 | 112,962 | 148,587 | 196,819 | |||||
| CURRENT LIASILITIES | ||||||||
| Creditors and accruals |
(5,366) | (5366) | (4513) | |||||
| (5,366) | ||||||||
| NET CURRENT ASSETS | 30,259 | 112,962 | 143,221 | 192,306 | ||||
| NET ASSETS | 667,575 | 515,486 | 107,964 | 1,291,025 | 1,351,524 | |||
| TOTAL FUNDS | 667,575 | 515,486 | 107,964 | 1,291,025 | 1,351,524 |
| UnrestrRted | Restrtcted | Endowment | Total 2020 | Total 2019 | |||
|---|---|---|---|---|---|---|---|
| 6 | 6 | 6 | 6 | E | |||
| Money Raising-Coffee Mustard Seed |
Mornings etc | 688 | 688 | 358 4,615 |
|||
| use of church grounds Use ofChurch |
(875) (400) |
(875) (460) |
5,732 1,390 |
||||
| Hall Hire | 2,105 | 2,105 | 1,370 | ||||
| Coffe Mornings | 995 | 995 | 5,438 | ||||
| Magazine Sales |
98 | 98 | 149 | ||||
| Magazine advertising |
(446) | (446) | 822 | ||||
| Hall Restoration | Fund | 1,955 | 1,955 | 1,807 | |||
| Friends oftudno | Sales | 255 | 255 | 891 | |||
| StTudno Fair | 89 | ||||||
| 150LOTTERY | 1,913 | 2+23 | 2,014 | ||||
| Holy Trinity Restoration | Fund | 962 | |||||
| 1,477 | 4,811 | 6,288 |
| 3.INVESTMENT INCOME | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total 2020 | Total 2019 | |||||
| 6 | 6 | 6 | 6 | E | |||||
| Directly held Shares Investment Income |
6,368 | 6~ | 96 9,390 |
||||||
| Investment Income StTudno |
3,618 | 3,618 | 2,593 | ||||||
| John Roberts Trust (St Tudno) Dividends -CIFS |
2,730 | 1,992 | 2,730 1,992 |
3,098 2,533 |
|||||
| Investment Income Graveyard Banklnterest Recelvable |
Account | 146 276 |
146 660 |
270 1,011 |
|||||
| 6,752 | 6,770 | 1,992 | 25,514 | 18,991 | |||||
| 4.GENERAL PARISH EXPENSES | |||||||||
| Unr'estrlcted | Restricted | Endowment | Total 2020 | Total 2019 | |||||
| 6 | 6 | 6 | 6 | 6 | |||||
| General Parish Expenses |
1,865 | L865 | 95 | ||||||
| Printing &Stationery Rent Paid |
1,658 | 10 | 1,658 10 |
3,162 10 |
|||||
| Telephone TrlpslkSodals |
1,133 151 |
1,133 152 |
20 | ||||||
| Booksand PubRcatlons | 96 | 96 | |||||||
| Postage ProfesslonalFees |
22 6,830 |
22 6,830 |
143 3,420 |
||||||
| Independent Exemlneds Belfry Misc Advertising |
fees | 2,688 | 2,688 84 |
1,860 161 472 |
|||||
| Flower fund pur«bases | 14,443 | 14,656 | 209 9/52 |
||||||
| 5.COST OF MONEY RAISING | |||||||||
| Unrestricted | Restricted | Endowment | Total | 2020 | Total | 2019 | |||
| 6 | 6 | 6 | 6 | E | |||||
| Stock | (66) | ||||||||
| Mustard Seed purchases |
1,204 | 1,204 | 2,803 | ||||||
| Mustard Seed donations | 45 | 45 | 654 | ||||||
| StTudno Cards etc | 168 | 168 | |||||||
| Ucenses etc | 539 | 539 | 452 | ||||||
| Coffee Morning expenses Friends ofTudno Expenses |
48 | 48 | 183 65 |
||||||
| Kitchen SuppRes | 271 | 271 | 203 | ||||||
| 150Club Prize Money | 1,410 | 1,410 | 1,800 | ||||||
| Advertlslrlg | 810 | 22ITS | 3,6lt5 | 56 6,150 |
| 6. FIXED ASSETS |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fixtures, | ||||||||||
| fittings & | ||||||||||
| TANGI8LE FIXEDASSETS | Equipment | |||||||||
| 6 | ||||||||||
| At 1 January 2020 | 391,031 | |||||||||
| Additions | 675 | |||||||||
| Disparate | (1,500) | |||||||||
| At 31 December 2020 | 390,206 | |||||||||
| DEPRECIATION | ||||||||||
| Atl January 2020 | 193,209 | |||||||||
| Charge for | year | 29,745 | ||||||||
| Egmlnated | on dlsposals | (1,300) | ||||||||
| At 31 December 2020 | 221,654 | |||||||||
| Net book value at 31 December | 2020 | 168,552 | ||||||||
| Net book value at 31 December | 2019 | 197,822 | ||||||||
| 7.INVESTIyIENTS | f | |||||||||
| Market value at 1 January 2020 | 961,295 | |||||||||
| Investments | Sold —Proceeds | |||||||||
| 961,295 | ||||||||||
| Gain/(Loss) | on Sale of | Investments | 961,295 | |||||||
| Purchases | at cost | |||||||||
| 961,295 | ||||||||||
| Gain/(Loss) on investments - unreagsed Market value at 31 December 2020 |
17,857 979,152 |
|||||||||
| Investments | at market | value | comprise: | |||||||
| UK equities Global equities |
914,256 64,896 979,152 |
|||||||||
| Htstodcal cost at 31 December 2020 | 741,313 | |||||||||
| Investment | comprising | over | 5%of the value ofthe | portfolio are:— | Market | |||||
| value at | ||||||||||
| 31.12.2020 | ||||||||||
| f | ||||||||||
| 79,741 | Common | Investment | Fund shares | 168,862 | ||||||
| 224,478.68 | Epworth | Corporate | Band (including | Graveyard | account) | 293,887 | ||||
| 64,112.19 | Epworth | Sterling Soverign Bond | 91,943 | |||||||
| 78,472.06 | Epworth | UK Equity | Fund | 120,641 | ||||||
| StTudno | Legacy Fund | |||||||||
| 73,831.83 | Epworth | Corporate | Bond | 96,661 | ||||||
| 56,940.19 | Epworth | UK Equity | Fund | 87,466 | ||||||
| 42,328.94 | Epworth | Global Units | 62,750 |
| Ourself)mad | Ourself)mad | Ourself)mad | Rmlrlctad | Rmlrlctad | Endowment | Endowment | Endowment | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frrrr | de | Fulrds | Funda | ||||||||||||||||
| 6 | |||||||||||||||||||
| Transfer between |
fund | 40 | (40) | ||||||||||||||||
| (40l | |||||||||||||||||||
| 9. FUNDS | |||||||||||||||||||
| H) Unrestricted | |||||||||||||||||||
| These are funds | which | the Parochial | Church | Coun | 0 is able | to use free | of reslrktk | n but | In accordance | with | th | b)acts ofthe Parochial | |||||||
| Church Coundl. | |||||||||||||||||||
| (8) Restricted | fund | ||||||||||||||||||
| Cash at | bank | Debtom | and | Cradkore | end | ||||||||||||||
| or kr hand | Invastmente | Stock | Prspayments | accruals | Total | Total | |||||||||||||
| 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | 2019 | |||||||||||||
| 8 | 8 | 6 | 8 | 8 | |||||||||||||||
| Balances on these funds | are:- | ||||||||||||||||||
| Belfry Fund | E965 | 2,965 | 3,038 | ||||||||||||||||
| Rower frrrrd | 5,719 | 5,719 | 5,821 | ||||||||||||||||
| Garden ofran | mbrance | —StGeorge | 1,868 | 1,868 | 1,862 | ||||||||||||||
| Churchyard | count | 2+95 | |||||||||||||||||
| Graveyard Account ( |
5T | Tudno) | 1,890 | 16,064 | 27/54 | 18,368 | |||||||||||||
| Sunday Sch | 1@52 | 3/52 | tA27 | ||||||||||||||||
| Mustard 5 d |
7,449 | 4,087 | 11,536 | ttS45 | |||||||||||||||
| st Tudno | 62~4 | 386,460 | 446 | 448,120 | 437,175 | ||||||||||||||
| Friends ofTrrdno | 10,853 | 255 | 11,467 | 11,189 | |||||||||||||||
| st Tudno HmtmaUrm | Fund | 958 | 958 | 958 | |||||||||||||||
| Organ Fund |
337 | 337 | 1,066 | ||||||||||||||||
| Hag Restoration | Fund | 10,274 | 10,274 | BPSB | |||||||||||||||
| Toddler Group | L532 | 1,531 | 1,457 | ||||||||||||||||
| 150th Lett ry |
Frmd | 806 | 806 | 765 | |||||||||||||||
| 107,820 | 402,524 | 4,441 | 701 | 525,486 | 505@44 |