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2021-12-31-accounts

Page
Trustees' annual
report
Independent examiner's
report to the trustees
20
Statement offinancial activities 21
Statement offinancial position 22
Notes to the financial statements 23

General Patt e rn of Slain Services in the Benefic e
Time 1
Sunday
Sunday 3
Sunday
4 Sunday 5 Sunday
St llltud's, Llantwit Major
8.00am Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
9.30am Holy Eucharist & Holy Eucharist Holy Eucharist Holy Eucharist & Holy Eucharist &
online &online &online online online
StJames', Wick
11.00am Morning
Prayer
Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
Ewenny Prio, Ewenny
9.30am Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
StGiles', Gileston
9.30am Holy Eucharist Morning
Prayer
StMichaels, Llanmihangel
9.30am Holy Morning Prayer
Eucharist
StCattwg's, Llanmaes
11.00am Holy Eucharist Morning Prayer
StBridget's, StBrides Ma or
11.00am Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
StTathan, StAthan
9.00am Morning
Prayer
Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
StDonate, St Donate
11:15am Prayer &Praise Holy Eucharist Prayer & Morning Prayer Holy Eucharist
Praise
All Saints, Southerndown
Holy Eucharist/Evening Prayer —Wednesdays @3pm

ons ofthe churches
within the Benefice a
nd their locations
All Saints Southerndown
Ewenny
Priory (StMichael and All Angels)
Ewenny
StBridget's St Bridges Major
StCattwg Llanmaes
St Donat St Donat's
St Giles 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
Canon
Edwin Counsell
Rector
FrCraig Vaughan Team Vicar
Rev'd Rhian Prime Team Vicar - resigned 31 July 2021
Rev'd Mare Walford Team Vicar - resigned 31 January 2021
Rev'd Emma Street Assistant Curate - appointed
12'"August 2021
Mr Alun Jenkins Chair
Mr Geoff Semmens Rector's Warden
Mm Jodie Taylor People's Warden
Mr Eddie Williams Representative: Stllltud's,
Llantwit Major
Mrs Pennie Ayres Representative: StJames', Wick,
Mr Jeffrey Robinson Representative: StCattwg's,
Llanmaes,
Mrs Sharon Evans Representative: Holy Trinity Marcross,
Mrs Marie Sheppard Representative: St Mary's, Monknash
Mr Richard Simpson Representative: StTathan, StAthan
Mrs Lynda Mumford Representative: StGiles, Gileston
Mrs Sian Evans Representative: StMichael's,
Llanmihangel
Mrs Joy Newton Representative: St Bridget's, StBrides Major- appointed 26/4/21
Miss Ruth Thomas Representative: StMichael's,
Ewenny
Priory - appointed 26/4/21
Mrs Patricia Bennett Representative: St Donat's, StDonate - appointed 26/4/21
rish Administrator and Secr etary to the Council: Mrs Alison Weston

Year ended 31 Dec ember 2021
2021 2020
Unrestricted Restricted Endowment
funds funds funds Totalfunds Total funds
Note 6 6
Income and endowments
Donations
and legacies
4 156,350 44,809 201,159 169,695
Charitable
activities
5 8,800 8,772 17,572 10,787
Other trading activities 6 18,088 1,739 19,827 9,306
Investment
income
7 17,548 122 2,135 19,805 19,305
Other income 8 29,728 793 30,521 7,108
Total income 230,514 56,235 2,135 288,884 216,201
Expenditure
Expenditure
on raising funds:
Costs ofother
trading
activities
9 1,916 1,916 106
Expenditure
on
charitable
activities
10,11 175,542 54,519 230,061 201,711
Other expenditure 13 559 72 631 195
Total expenditure 178,017 54,591 232,608 202,014
Net gains on
investments 14 (12,464) 2,965 12,003 2,504 16,216
Net income 40,033 4,609 14,138 58,780 30,405
Transfers between funds (17,509) 19,644 (2,135)
Net movement
in funds
22,524 24,253 12,003 58,780 30,405
Reconciliation offunds
Total funds brought forward 491,966 160,191 113,568 765,725 735,320
Total funds carried forward 514,490 184,444 125,571 824,505 765,725

2021 2020
Note 6
Fixed assets
Investments 19 410,352 409,019
Current assets
Stocks 20 1,350 1,500
Debtors 21 4,845 4,921
Cash at bank and in hand 413,836 403,752
420,031 410,173
Creditors: amounts falling due within one year 22 (5,878) (53,467)
Net current assets 414,153 356,706
Total assets less current liabilities 824,505 765,725
Net assets 824,505 765,725
Funds ofthe charity
Endowment
funds
125,571 113,566
Restricted
funds
184,444 160,191
Unrestricted funds 514,490 491,966
Total charity funds 23 824,505 765,725

Donations and le gacie s
Unrestricted Restricted Total Funds
Funds Funds 2021
6 8
Donations
Planned
Giving
83,033 138 83,171
Loose Collections 14,821 14,821
Donations 18,307 7,996 28,303
For Mission 350 350
Tax Refunds 25,339 1,660 25,999
Legacies
Legacies
1,000 25,062 28,082
Grants
StTathan's:
StAthan
Community
Council 400 400
Welsh Church Act Fund
St James':
Listed Places ofWorship Grant Scheme 6,243 5,243
Allchurches
Trust
Vale ofGlamorgan Council
Welsh Church Act Fund
James Pantyfedwen Foundation
Representative Body ofthe Church in Wales 3,000 3,000
St llltud's:
Headley Trust 5,000 5,000
MAD L 2,000 2,000
Welsh Church Act Fund
Glamorgan
Voluntary
Council
Cardiff &Vale ULHB General Purpose Charity
StDonat's:
Commonwealth War Graves Commission
Welsh Church Act Fund 5,000 5,000
Allchurches
Trust
1,500 1,500
StCattwg's:
Commonwealth War Graves Commission 10 10
StGiles:
StAthan
Community
Council 300 300
156,350 44,809 201,159

Donations a nd lega cie s (continuer/j
Unrestricted Restricted Total Funds
Funds Funds 2020
5
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 400 400
Welsh Church Act Fund 5,000 5,000
St James':
Listed Places ofWorship Grant Scheme 3,880 3,880
Allchurches
Trust
1,500 1,500
Vale ofGlamorgan Council 10,000 10,000
Welsh Church Act Fund 5,000 5,000
James Pantyfedwen Foundation 1,500 1,500
Representative Body ofthe Church in Wales
St llltud's:
Headley Trust
MADL
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
134,272 35,423 169,695
Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2021
E 6
Sale ofgoods/services as part ofdirect charitable
activities 8,800 8,772 17,572
Unrestricted Restdcted Total Funds
Funds Funds 2020
6
Sale ofgoods/services as part ofdirect charitable
activities 3,335 7,452 10,787

Unrestricted Restncted TotalFunds
Funds Funds 2021
5
Fundraising events 16,740 1,739 18,479
Shop income 1,348 1,348
18,088 1,739 19,827
Unrestricted Restricted Total Funds
Funds Funds 2020
F
Fundraising events 8,584 357 8,941
Shop income 365 365
8,949 357 9,306

f the
Church
in Wale
maintenance.
s.
The
Ben
efice
receives
re
ntal
income
and
has
resp
onsibility
for
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
5 E 8
Income from investment properties 9,745 9,745
Income from listed investments 7,585 35 2,135 9,755
Bank interest receivable 218 87 306
17,548 122 2,135 19,805
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020
F E
Income from investment properties 8,100 8,100
Income from listed investments 8,702 34 2,095 10,831
Bank interest receivable 245 129 373
17,047 163 2,095 19,305

Other income
Unrestricted Restricted Total Funds
Funds
f
Funds
E
2021
6
Other income 29,728 793 30,521
Unrestricted Restricted Total Funds
Funds Funds 2020
5 5
Other income 2,178 4,930 7,108

Costs ofoth er trading
activi
ties
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
6 6
Shop costs 56 56
Fundraising costs 1,916 1,916 52 52
1,916 1,916 108 108

Unrestricted Restricted Total Funds
Funds Funds 2021
F 6 6
Support for Ministry 89,194 89,194
Parish Running Costs 23,104 104 23,208
Church Property 59,043 54,415 113,458
Missions 961 961
Support costs 3,240 3,240
175,542 54,519 230,061
Unrestricted Restricted Total Funds
Funds Funds 2020
5
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

Expendit ure on charitable
acti
vities
by activity type
Activities
undertaken Support Total funds Total fund
directly costs 2021 2020
6 6 F
Support for Ministry 89,194 89,194 101,414
Parish Running Costs 23,208 23,208 27,543
Church Property 113,458 113,458 68,853
Missions 961 961 661
Governance costs 3,240 3,240 3,240
226,821 3,240 230,061 201,711

Yea r ended 31Dec r ended 31Dec r ended 31Dec ember 2 021
13. Other expenditure
Unrestricted Restricted Total Funds
Funds Funds 2021
F 6
Other expenditure 559 72 631
Unrestricted Restricted TotalFunds
Funds Funds 2020
F 6
Other expenditure 108 87 195
14. Net gains on investments
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
5 E 8 6
Gains/(losses) on listed investments (12,464) 2,965 12,003 2,504
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020
5 5 5
Gains/(losses) on listed investments 8,189 1,529 6,500 16,218
15. Independent examination fees
2021 2020
8 E
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 3,240 3,240
16. Staffcosts
The total staff costs and employee benefits for the reporting period are analysed as follows:
2021 2020
5
Wages and salaries 12,748 12,238
Social security costs 528 489
13,276 12,727
The average head count ofemployees during the year was 1 (2020: 1).The average number of
full-time
equivalent
employees during the year is analysed as follows:
2021 2020
No. No.
Number ofstaff - admin 1 1

Investments
Listed
investmenta
6
Cost orvaluation
At1 January2021 409,019
Additions 691
Disposals (1,114)
Fair value movements 1,756
At 31December 2021 410,352
Impairment
At 1 January 2021 and 31 December 2021
Carrying
amount
At 31December 2021 410,352
At 31 December 2020 409,019

2021 2020
6
Raw materials and consumables 1,350 1,500

21. Debtors
2021 2020
6
Other debtors 4,845 4,921
22. Creditors: amounts falling due within one year
2021 2020
8
Bank loans and overdrafis 50,000
Accruals and deferred income 5,878 3,467
5,878 53,467
23. Analysis ofcharitable Analysis ofcharitable funds
Unrestricted funds
Al 1 Gains and At 31
Jan 2021 Income Expenditure Transfers losses Dec2021
F 6 6 F
General funds 491,966 230,514 (177,017) (17,509) (12,464) 514,490
At 1 Gains and At 31
Jan 2020 Income Expenditure Transfers losses Dec2020
8 F F
General funds 486,271 165,781 (170,389) 2,114 8,189 491,966

Restricted funds
At Gains and At 31
1 Jan 2021
E
Income
E
Expenditure f Transfers
E
losses
E
Dec2021
8
St Illtud's Church, Llantwit Major:
Access 729 729
Cowethas
Peran
Sans 246
Friends ofSt
llltud's 13,343 ggg (360) 13,982
Toddler Group 159 159
Galilee Account 18,883 18,883
Churchyard
Chancel Repair
Youth Project
6,162
2,980
2,603
3,239 (1,035) 31 452 8,397
3,432
2,603
Legacy Funds 1,656 31 (31) 175 1,831
StCattwg's
Church,
Llanrnaes:
Churchyard 1,270 1,098 (344) 3,432 5,456
Restoration
I
Maintenance 14,830 179 2,250 17,259
StJames' Church, Wick:
Restoration 8,576 15,902 (41,608) 17,388 258
Churchyard 4,512 2,416 (1,056) 5,872
Youth Work 2,351 (104) 2,247
Friends ofSt
James' 2,190 1,470 (3,547) 113
StTathan Church, StAthan:
Roof Restoration 2,163 2,718 (4,104) 777
Bells &Tower 18,175 1,150 19,325
St Giles' Church, Gileston:
Cemetery 8,158 300 (600) 7,858
St Donat's Church, StDonat's:
Churchyard 1,713 5,000 (560) 64 6,217
Holy Trinity Church, Marcross:
Churchyard 419 (480) 61
Legacy Fund 184 4 (4) 20 204
St Mary's Church, Ilonknash:
Churchyard 2,609 20,602 (840) 22,371
Chancel Repair 216 37 253
St Michael's Church, Llanrnihangel:
Churchyard 272 272
Restoration 9,002 9,002
Ewenny
Priory:
Churchyard 7,395 707 (1,250) 6,852
Legacy Fund 12,488 1 12,489
StBridget's, StBrides Major
8 All Saints, Southerndown:
Chancel Repair 15,076 2,281 17,357
St Bddget's 2,250 (2,250)
All Saints
160,191 56,235 (54,591) 19,644 2,965 184,444

At Gains and At 31
1 Jan 2020
8
Income
F
Expenditure
F
Transfersf lossesf Dec2020
6
St Illtud's Church, Llantwit Major:
Access 729 729
Cowethas
Peran
Sans 246 246
Friends ofSt
Illtud's 11,168 2,175 13,343
Toddler Group 159 159
Galilee Account 18,883 18,883
Churchyard 6,504 2,038 (2,380) 6,162
Chancel Repair 2,809 171 2,980
Youth Project 2,603 2,603
Legacy Fund 1,561 31 (31) 95 1,656
StCattwg's Church, Llanmaes:
Churchyard 1,113 157 1,270
Restoration
(
Maintenance 14,504 326 14,830
StJames' Church, Wick:
Restoration 4,487 24,625 (21,413) 877 8,576
Churchyard 3,484 1,129 (101) 4,512
Youth Work 2,505 (154) 2,351
Charity
/ Mission
Friends ofSt
James' 1,672 1,395 (877) 2,190
StTathan Church, StAthan:
Roof Restoration 3,312 2,943 (4,092) 2,163
Bells &Tower 12,297 5,905 (27) 18,175
StGiles' Church, Gileston:
Cemetery 8,354 402 (598) 8,158
StDonat's Church, StDonat's:
Churchyard 1,784 339 (410) 1,713
Holy Trinity Church, Marcross:
Churchyard 465 (480) 15
Legacy Fund
StMary's Church, Monknash:
3 (3) 184 184
Churchyard 2,859 (250) 2,609
Chancel Repair 216 216
StMichael's Church, Llanmihangel
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 33 12,488
StBridget's, StBrides Major
8 All Saints, Southerndown:
Chancel Repair 14,213 863 15,076
St Bddget's 2,250 2,250
All Saints 870 (870)
141,981 48,325 (31,625) (19) 1,529 160,191

Endowment funds
At Gains and At 31
1 Jan 2021
F
Income Expendituref Transfers losses
6
Dec2021
6
Permanent
Endowment
Funds:
St Donat's Church, St Donat's
RH Thomas Trust 104,302 1,960 (1,960) 11,023 115,325
Mrs JP Lloyd
Testamentary
Trust 940 18 (18) 100 1,040
StCattwg's
Church,
Llanmaes
Miss Richards'
Bequest 8,326 157 (157) 880 9,208
113,568 2,135 (2,135) 12,003 125,571
At Gains and At 31
1 Jan 2020
E
Income
f
Expenditure
f
Transfers
6
losses
6
Dec2020
Permanent
Endowment
Funds:
StDonat's Church, StDonat's
RH Thomas Trust 98,332 1,924 (1,924) 5,970 104,302
Mrs JP Lloyd
Testamentary
Trust 886 17 (17) 54 940
StCattwg's Church, Llanmaes
Miss Richards'
Bequest 7,850 154 (154) 476 8,326
107,068 2,095 (2,095) 6,500 113,568

Analysis ofnet as sets between funds
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
6 8
Investments 261,703 23,078 125,571 410,352
Current assets 258,335 161,696 420,031
Creditors less than 1 year (5,548) (330) (5,878)
Net assets 514,490 184,444 125,571 824,505
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2020
6 5
Investments 275,339 20,112 113,568 409,019
Current assets 270,094 140,079 410,173
Creditors less than 1 year (53,467) (53,467)
Net assets 491,966 160,191 113,568 765,725

Operating
lea
Operating
lea
se commit ments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021 2020
8
Not later than 1 year 4,776 4,776
Later than 1 year and not later than 5years 4,776
4,776 9,552