2020-12-31-accounts - Glamorgan Heritage Coast Ministry Area

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		Page
Trustees' annual report
Independent examiner's report to the trustees		19
Statement offinancial	activities	20
Statement offinancial	position	21
Notes to the financial	statements	22

General Pat	tern ofSunday S	tern ofSunday S	tern ofSunday S	erv	ices in the Bene	fi	ce
Time	1"Sunda				2"Sunda		3~Sunda		4'"Sunda			5eSunda
					St Igtud's,	Llantwit Ma or
8.15am	Hol	Eucharist			Hol Eucharist		Hol Eucharist		Hol Eucharist			Hol	Eucharist
10.00am	Holy Eucharist			&	Holy Eucharist		Holy Eucharist		Holy Eucharist		&	Morning Prayer &
	Sunda		School						Sunda	School		Sunda School
0.00pm					Sunda 4		Hol Eucharist		Evenin	Pra	r	Hol	Eucharist
					StJames', Wick
8.30am							Hol Euchadst
11.00am	Mornin		Pra	r	Hol Eucharist		'"""***		Hol Eucharist			Ho	Eucharist
8.30am					All Saints, Hol Eucharist	Southerndown %%%%%%			I				f***I
					Ewenn Prie, Ewenn
9.30am	Holy	Eucharist			Holy Eucharist		Holy Eucharist		Holy Eucharist			Holy Eucharist
					Hol Trini, Nlarcross
9:30am	Holy	Eucharist			Shared service		Morning		Shared	service		Holy Eucharist
					Monknash		Pra r		Monknash
					StGiles'		Gileston
9.30am	Holy	Eucharist			Shared Service at St.Tathan		Morning Prayer		Shared Service at St.Tathan			Shared Service at St.Tathan
					St Ma 's',	Monknash
9.30am	Shared		Service		Holy Eucharist		Shared Service		Morning	Prayer		Shared Service
	Marcross						Marcross					Msrcross
					St M rchaets,		Llanmlhan e	I
9.30am	Shared Service			at	Holy		Shared Service		Morning	Prayer		Shared Service
	Llanmaes				Eucharist		at Llanmaes					at	Llanmaes
					St Cattw	's, Llanmaes
11.00am	Hol	Eucharist			Hol Eucharist		Hol Eucharist		Mornin	Pra	r	Hol	Eucharist
					St Brid et's,	StBrides Ma or
11.00am	Hol	Eucharist			Hol Eucharist		Hol Eucharist		Hol Eucharist			Hol	Eucharist
					StTathan,		St Athan
11.00am	Morning		Prayer		Holy Eucharist		Holy Eucharist		Holy Eucharist			Holy Eucharist
					&Sunday		&Sunday		&Sunday School			8 Sunday School
					School		School
					St Donate,		St Donate
11:15am	Holy	Eucharist			Prayer &		Holy Euchadst		Morning	Prayer		Holy Eucharist
					Praise

ions ofthe churches within the Benef	ice and their loc
All Saints	Southerndown
Ewenny Priory (St Michael and All Angels)	Ewenny
St Bridget's	St Bridges Major
StCattwg	Llanmaes
StDonat	St Donat's
StGiles	Gileston
St llltud	Llantwit Major
StJames	Wick
St Mary Magdalene	Monknash
Holy Trinity	Marcross
St Michael and All Angels	Llanmihangel
StTathan	StAthan

Canon Edwin Counsell	Rector &Chair
Fr Craig Vaughan	Team Vicar
Rev'd Rhian Prime	Team Vicar
Rev'd Merc Walford	Team Vicar
Mr Geoff Semmens	Rector's Warden
Mrs Jodie Taylor	People's Warden
Mr Alun Jenkins	Representative:	Ewenny Priory &Chair
Mr Eddie Williams	Representative:	St llltud's,	Llantwit Major
Mm Pennie Ayres	Representative:	StJames',	Wick,
Mr Jeffrey Robinson	Representative:	StCattwg's,		Llanmaes,
Mr Alan Davies	Representative:	St Donats
Mrs Sharon Evans	Representative:	Holy Trinity		Marcross,
Mrs Marie Sheppard	Representative:	St Mary's,	Monknash
Mrs Sian Evans	Representative:	St Michael's,		Llanmihangel
Mr Richard Simpson	Representative:	StTathan
Mrs Lynda Mumfoid	Representative:	St Giles

			2020	2020		2019
		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total funds	Total funds
	Note	6	8	5		E
Income and endowments
Donations and legacies	4	134,272	35,423		169,695	179,774
Charitable activities	5	3,335	7,452		10,787	29,628
Other trading activities	6	8,949	357		9,306	34,938
Investment income	7	17,047	163	2,095	19,305	18,774
Other income	8	2,178	4,930		7,108	8,887
Total income		165,781	48,325	2,095	218,201	272,001
Expenditure
Expenditure on raising funds:
Costs ofother
trading activities	9	108			108	2,131
Expenditure on
charitable activities	10,11	170,173	31,538		201,711	252,851
Other expenditure	13	108	87		195	7,310
Total expenditure		170,389	31,625		202,014	262,292
Net gains on
investments	14	8,189	1,529	5,500	16,218	34,561
Net income		3,581	18,229	8,595	30,405	44,270
Transfers between funds		2,114	(19)	(2,095)
Net movement in funds		5,695	18,210	6,500	30,405	44,270
Reconciliation offunds
Total funds brought forward		486,271	141,981	107,068	735,320	691,050
Total funds carried forward		491,966	160,191	113,568	765,725	735,320

31 December 20	20
				2020	2019
			Note	F
Fixed assets
Investments			19	409,019	392,800
Current assets
Stocks			20	1,500	1,500
Debtors			21	4,921	8,915
Cash at bank and in	hand			403,752	342,787
				410,173	353,202
Creditors: amounts	falling	due within one year	22	(53,467)	(10,682)
Net current assets				356,706	342,520
Total assets less current		liabilities		765,725	735,320
Net assets				765,725	735,320
Funds ofthe charity
Endowment funds				113,568	107,068
Restricted funds				160,191	141,981
Unrestricted funds				491,966	486,271
Total charity funds			23	765,725	735,320

Donations and le	gacie	s
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2020
							2	6
Donations
Planned Giving						76,821		76,821
Loose Collections						10,925	88	11,013
Donations						17,422	6,782	24,204
For Mission						80		80
Tax Refunds						22,037	933	22,970
Legacies
Legacies						500		500
Grants
StTathan's:
StAthan Community			Council
Representative	Body		ofthe Church	in	Wales		5,400	5,400
StJames':
Listed Places	ofWorship Grant Scheme						3,880	3,880
Allchurches Trust							1,500	1,500
Vale ofGlamorgan		Council					10,000	10,000
Wetsh Church	Act Fund						5,000	5,000
James Pantyfedwen			Foundation				1,500	1,500
St llltud's:
Welsh Church	Act Fund					4,287		4,287
Glamorgan Voluntary			Council			200		200
Cardiff &Vale	ULHB		General Purpose		Charity	2,000		2,000
St Donat's:
Commonwealth	War		Graves Commission				30	30
StCattwg's:
Commonwealth	War		Graves Commission				10	10
StGiles:
StAthan Community			Council				300	300
Representative	Body		ofthe Church	in	Wales
StBridget's:
Vale ofGlamorgan		Council
						134,272	35,423	189,895

Donations and legacies	Donations and legacies	Donations and legacies	(cosdnuedJ
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2019
								6
Donations
Planned Giving						79,256	15	79,271
Loose Collections						22,087		22,087
Donations						18,560	10,157	28,717
For Mission						1,462	50	1,512
Tax Refunds						32,975	925	33,900
Legacies
Legacies						3,539		3,539
Grants
StTathan's:
StAthan Community			Council				400	400
Representative	Body		ofthe Church	in	Wales
StJames':
Listed Places	ofWorship Grant Scheme
Allchurches Trust
Vale ofGlamorgan		Council
Welsh Church	Act Fund
James Pantyfedwen			Foundation
St llltud's:
Welsh Church	Act Fund
Glamorgan Voluntary			Council
Cardiff 8 Vale	ULHB		General Purpose		Charity
StDonat's:
Commonwealth	War		Graves Commission
St Cattwg's:
Commonwealth	War		Graves Commission				10	10
St Giles:
StAthan Community			Council				300	300
Representative	Body		ofthe Church	in	Wales	2,476		2,476
St Bridget's:
Vale ofGlamorgan		Council				7,562		7,562
						167,917	11,857	179,774

Charitable activities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	E	E
Sale ofgoods/services	as part ofdirect charitable
activities		3,335	7,452	10,787
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		E	E	E
Sale ofgoods/services	as part ofdirect charitable
activities		14,937	14,691	29,628

Other trading	activities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	F
Fundraising	events	8,584	357	8,941
Shop income		365		365
		8,949	357	9,306
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		E		E
Fundraising	events	28,382	4,487	32,869
Shop income		2,069		2,069
		30,451	4,487	34,938

of the Church in Wale maintenance.	s. The Be	nefice receives r	ental income	and has res	ponsibility for
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2020
		E	E	E	E
Income from investment	properties	8,100			8,100
Income from listed investments		8,702	34	2,095	10,831
Bank interest receivable		245	129		374
		17,047	163	2,095	19,305
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2019
		E	E	E	E
Income from investment	properties	8,100			8,100
Income from listed investments		7,254	428	2,665	10,347
Bank interest receivable		178	149		327
		15,532	577	2,665	18,774

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
							6
Other income					2,178	4,930	7,108
					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2019 F
Other income					8,129	758	8,887
Costs ofother		trading	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
					6	6	6
Costs ofother trading			activities - Shop
costs				56	56	1,159	1,159
Costs ofmoney		raising	- Staging
events				52	52	972	972
				108	108	2,131	2,131
Expenditure	on	charitable		activities by fund type
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
					F	6	6
Support for Ministry					101,414		101,414
Parish Running		Costs			27,309	234	27,543
Church Property					37,972	30,881	68,853
Missions					238	423	661
Support costs					3,240		3,240
					170,173	31,538	201,711
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2019
					6		6
Support for Ministry					137,339		137,339
Parish Running		Costs			28,924	296	29,220
Church Property					57,570	13,272	70,842
Missions					13,432	18	13,450
Support costs					2,000		2,000
					239,265	13,586	252,851

								Activities
								undertaken	Support	Total funds	Total fund
								directly K	costs f	2020 6	2019
	Support for Ministry							101,414		101,414	137,339
	Parish Running			Costs				27,543		27,543	29,220
	Church Property							58,853		68,853	70,842
	Missions							661		661	13,450
	Governance		costs						3,240	3,240	2,000
								198,471	3,240	201,711	252,851
12.	Analysis ofsupport costs
									Analysis of
									support costs	Total 2020	Total 2019
									6	6	6
	Governance		costs						3,240	3,240	2,000
13.	Other expenditure
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2020
									6	E	6
	Other expenditure								108	87	195
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2019
											F
	Other expenditure								5,528	1,782	7,310
14.	Net gains on		investments
							Unrestricted		Restricted	Endowment	Total Funds
								Funds	Funds	Funds	2020
										6	6
	Gains/(losses)		on listed investments					8,189	1,529	6,500	16,218
							Unrestdcted		Restricted	Endowment	Total Funds
								Funds	Funds	Funds	2019
								6	K	E	6
	Gains/(losses)		on listed investments					18,908	2,277	13,376	34,561
15.	Independent		examination		fees
										2020	2019
										6
	Fees payable		to	the independent		examiner		for:
	Independent	examination			ofthe	financial	statements			3,240	2,000

Investments
	Listed
	investments
	6
Cost orvaluation
At 1 January 2020	392,800
Additions	1,789
Fair value movements	14,430
At 31 December 2020	409,019
Impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31December 2020	409,019
At 31 December 2019	392,800

20.	Stocks
				2020	2019
				E	E
	Raw materials	and consumables		1,500	1,500
21.	Debtors
				2020	2019
				E	E
	Prepayments	and accrued income			51
	Other debtors			4,921	8,864
				4,921	8,915
22.	Creditors: amounts		falling due within one year
				2020	2019
				E	F
	Bank loans and overdraRs			50,000
	Accruals and	deferred	income	2,227	10,682
				52,227	10,682

Analysis	ofcharitable	ofcharitable	funds
Unrestricted		funds
			At 1				Gains and	At 31
		Jan 2020		Income	Expenditure	Transfers	losses	Dec2020
					E	E	E
General	funds		486,271	165,781	(170,389)	2,114	8,189	491,966
			At 1				Gains and	At 31
		Jan 2019		Income	Expenditure	Transfers	losses	Dec 2019
			F	E	E	F		E
General	funds		476,160	236,966	(246,924)	1,161	18,908	486,271

				At					Gains and	At 31
		1	Jan 2020		Income	Expenditure		Transfers	losses	Dec2020
				E	E		E	E	E	E
St Illtud's Church,	Llantwit			Major:
Access				729						729
Cowethas Peran
Sans				246
Friends ofSt
llltud's				11,168	2,175					13,343
Toddler Group				159						159
Galilee Account				18,883						18,883
Churchyard				6,504	2,038	(2,380)				6,182
Chancel Repair				2,809					171	2,980
Youth Project				2,603						2,603
Legacy Fund St Cattwg's Church,		1,561 Llanmaes:			31			(31)	95	1,656
Churchyard				1,113	157					1,270
Restoration /
Maintenance StJames' Church,	Wick:			14,504	326					14,830
Restoration				4,487	24,625	(21,413)		877		6,576
Churchyard				3,484	1,129	(101)				4,512
Youth Work				2,505		(154)				2,351
Charity / Mission
Friends ofSt
James' 1,672 StTathsn Church, StAthan:					1,395			(877)		2,190
Roof Restoration				3,312	2,943	(4,092)				2,163
Bells &Tower StGiles' Church, Gileston:				12,297	5,905	(27)				18,175
Cemetery StDonat's Church,	8,354 StDonat's:				402	(598)				8,158
Churchyard				1,784	339	(410)				1,713
Holy Trinity Church,		Marcross:
Churchyard					465	(480)		15
Legacy Fund St Mary's Church, Monknash:					3			(3)	184
Churchyard				2,859		(250)				2,609
Chancel Repair									216	218
StMichael's Church,		Llanmihangeh
Churchyard				272						272
Restoration				4,222	4,930	(150)				9,002
Ewenny Priory:
Churchyard				6,666	1,429	(700)				7,395
Legacy Fund 12,455 StBridget's, StBrides Major					33					12,488
&Ag Saints, Southemdown:
Chancel Repair				14,213					863	15,076
St Bridget's				2,250						2,250
All Saints				870		(870)
			141,981		48,325	(31,625)		(19)	1,529	160,191

				At				Gains and	At 31
		1	Jan 2019		Income	Expenditure	Transfers	losses	Dec2019
					8	6	8	6	F
St llltud's Church,	Llantwit			Major:
Access				729					729
Cowethas Peran
Sans				246					246
Friends ofSt
llltud's Toddler Group				7,029 159	4,238	(99)			11,168 159
Galilee Account				18,883					18,883
Churchyard Chancel Repair				2,450 2,402	6,126 63	(2,072)			6,504 2,809
Youth Project				4,000		(1,397)			2,603
Legacy Fund StCattwg's Church,		Llanmaes:			39		1,327	195	1,561
Churchyard				637	491	(15)			1,113
Restoration /
Maintenance StJames' Church, Wick:				13,379	1,125				14,504
Restoration Churchyard Youth Work				5,739 2,636 2,627	2,292 1,206	(3,544) (358) (122)			4,487 3,484 2,505
Charity / Mission
Friends ofSt
James' 1,956 StTathan Church, StAthan:					966	(1,250)			1,672
Roof Restoration Bells &Tower StGiles' Church, Gileston:				1,366 8,063	6,038 4,234	(4,092)			3,312 12,297
Cemetery StDonat's Church,	7,793 StDonat's:				561				8,354
Churchyard Holy Trinity Church,		1,491 Marcross:			943	(650)			1,784
Churchyard 294 St Mary's Church, Monknash:					50	(520)	176
Churchyard StMichael's Church,		2,593 Llanmihangeh			516	(250)			2,859
Churchyard					272				272
Restoration Ewenny Priory:				2,416	1,806				4,222
Churchyard				6,658	1,008	(1,000)			6,666
Legacy Fund 12,385 StBridget's, StBrides Major					70				12,455
8 All Saints, Southerndow:
Chancel Repair St Bridget's All Saints				12,149 2,250 870	326			1,738	14,213 2,250 870
			121,199		32,370	(15,368)	1,503	2,277	141,981

Endowment	funds
		At				Gains and	At 31
	1 Jan 2020		Income	Expenditure	Transfers	losses	Dec2020
		E	F	E	E	E	E
Permanent Endowment		Funds:
St Donat's Church, StDonat's
RH Thomas Trust Mrs JP Lloyd		98,332	1,924		(1,924)	5,970	104,302
Testamentary
Trust StCattwg's Church,	886 Llanmaes		17		(17)	54	940
Miss Richards'
Bequest		7,850	154		(154)	476	8,326
		107,068	2,095		(2,095)	6,500	113,568
		At				Gains and	At 31
	1 Jan 2019		Income	Expenditure	Transfers	losses	Dec2019
		E	F	E	E	F	E
Permanent Endowment		Funds:
St Donat's Church, St		Donat's
RH Thomas Trust Mrs JP Lloyd		86,047	2,447		(2,447)	12,285	98,332
Testamentary
Trust StCattwg's Church,	776 Llanmaes		22		(22)	110	886
Miss Richards'
Bequest		6,869	195		(195)	981	7,850
		93,691	2,665		(2,665)	13,376	107,068

Analysis of net as	sets between	funds
		Unrestricted	Restricted	Endowment	Total Funds
		Funds 5	Funds 2	Funds f	2020 5
Investments		275,339	20,112	113,568	409,O19
Current assets		270,094	140,079		410,173
Creditors less than	1 year	(53,467)			(53,467)
Net assets		491,966	160,191	113,568	755,725
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2019
		5	5		5
Investments		267,148	18,584	107,068	392,800
Current assets		226,939	126,263		353,202
Creditors less than	1 year	(7,816)	(2,866)		(10,682)
Net assets		486,271	141,981	107,068	735,320

Operating lea	se commit	ments
The total future	minimum	lease payments	under non-cancellable	operating	leases are	as follows:
					2020 f	2019 5
Not later than	1 year				4,776	4,776
Later than 1 year and not		later than 5years			4,776	9,552
					9,552	14,328