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2022-12-31-accounts

Page
Trustees' annual
report
Independent
examiner's
report to the trustees
22
Statement offinancial activities 23
Statement offinancial position 24
Notes to the financial statements 25

REFERENC E AND ADMINISTR ATIVE
DETAILS
ATIVE
DETAILS
ATIVE
DETAILS
Registered charity name Glamorgan
Heritage Coast Ministry Area
(formerly Rectorial Benefice ofthe Glamorgan Heritage Coast
PCC)
Charity registration number 1131490
Principal office Ministry Area Office
St llltud's Church
Church Street
Llantwit Major
The trustees Mr JLRobinson
Mr EWilliams
Mr AG Semmens
Ms SM Evans
Mrs LM Mumford
Mrs MJ Sheppard
Canon ECR Counsell
Rev. CA Vaughan
Mrs P Ayres April
Mrs SEEvans
Mr AV Jenkins
Mr RJ Simpson
Ms PM Bennett
Ms J Newton
Rev. EEStreet
Ms RRThomas Resigned 27April 2022
Mrs PA Lancaster Appointed 27 202
Independent examiner Farzana Ahmed FCCA
Carston Accountants
1stFloor, Tudor House
16Cathedral
Road
Cardiff
CF11 9LJ
Incumbent Rev'd Canon Edwin Counsell
The Rectory
High Street
Llantwit Major
CF61 1SS

Time Sunda Sunda 2
und
3
S
unda 4 Sund a Sunda
Stllltud's Llantwit Ma'or
9.00am Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
9.30am Holy Eucharist & Holy Eucharist Holy Eucharist Holy Eucharist & Holy Eucharist &
online 8 online &online online online
StJames' Wick
11.00am Morning Prayer Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
Ewenn Prie
Ewenn
9.30am Holy Eucharist Holy Eucharist Holy Eucharist
Morning
Holy Eucharist Holy Eucharist
StGiles', Gileston
9.30am Holy Eucharist
Prayer
StMichaeis, Llanmihangel
9.30am Holy Morning
Eucharist Pra r
StCattw 's, Llanmaes
11.00am Holy Eucharist Holy Eucharist Holy Eucharist Morning Prayer Holy Eucharist
St Bridget's, StBddes Major
11.00am Holy Eucharist Holy Euchmist Holy Eucharist Holy Eucharist Holy Eucharist
StTathan StAthan
9.00am Morning Prayer Holy Eucharist Holy Eucharist Holy Eucharist Holy Eucharist
StDonate, StDonate
11:15am Prayer &Praise Holy Eucharist Meet, Greet & Prayer 8 Praise Holy Eucharist
Eat

Year ended 31 Dece mber 2022
2022 2021
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Nots 6 E
Income and endowments
Donations
and legacies
4 187,307 34,831 222,138 201,159
Charitable
activities
5 8,099 14,601 22,700 17,572
Other trading
activities
6 30,289 5,742 36,031 19,827
Investment
income
7 19,950 174 2,232 22,356 19,805
Other income 8 8,139 137,490 145,629 30,521
Total income 253,784 192,838 2,232 448,854 288,884
Expenditure
Expenditure
on raising funds:
Costs ofother
trading activities 9 6,448 6,448 1,916
Expenditure
on
charitable activities 10,11 243,683 133,396 377,079 230,061
Other expenditure 13 850 134 984 631
Total expenditure 250,981 133,530 384,511 232,608
Net (losses)/gains
investments
on 14 (45,595) (2,023) (13,170) (60,788) 2,504
Net income (42,792) 57,285 (10,938) 3,555 58,780
Transfers between funds 9,070 (5,900) (3,170)
Net movement
in
funds (33,722) 51,385 (14,108) 3,555 58,780
Reconciliation
offunds
Total funds brought forward 514,490 184,444 125,571 824,505 765,725
Total funds carried forward 480,768 235,829 111,463 828,060 824,505

2022 2021
Note 5
Fixed assets
Investments 19 345,298 410,352
Current assets
Stocks 20 1,783 1,350
Debtors 21 4,623 4,845
Cash ai bank and in hand 484,429 413,836
490,835 420,031
Creditors: amounts falling due within one year 22 ($,073) (5,878)
Net current assets 482,762 414,153
Total assets less current liabilities 828,060 824,505
Net assets 828,080 824,505
Funds ofthe charity
Endowment
funds
11'l,4$3 137,571
Restricted funds 235,829 184,444
Unrestricted funds 480,768 514,490
Total charity funds 23 828,060 824,505

Donations and lega c ies
Unrestricted Restricted Total Funds
Funds Funds 2022
Donations
Planned
Giving
76,347 723 77,070
Loose Collections 25,773 269 26,042
Donations 34,581 12,469 47,050
For Mission 871 871
Tax Refunds 31,469 422 31,891
Legacies
Legacies 6,000 6,000
Grants
St Mary's:
Benefact Trust 1,500 1,500
StTathan's:
StAthan Community Council 400 400
StJames':
Wick Community Council 50 50
Listed Places ofWorship Grant Scheme 156
Representative Body ofthe Church in Wales
St llltud's:
Headley Trust
MADL
StDonat's:
Welsh Church Act Fund
Allchurches
Trust
RBFabric Repair Fund 3,000 3,000
Listed Places of Worship Grant Scheme 5,973 5,973
St Cattwg's:
Commonwealth War Graves Commission 10 10
StGiles:
StAthan Community Council 300 300
Listed Places of Worship Grant Scheme 20,082 20,082
Holy Trinity:
Listed Places of Worship Grant Scheme 743
Parish Office:
Llandaff Diocese Independent Exam Grant 1,000 1,000
187,307 34,831 222,138

Ye ar ended 31 Decembe ar ended 31 Decembe ar ended 31 Decembe r 2022 r 2022
4. Donations
and legacies
(conrfnusrfJ
Unrestricted Restricted Total Funds
Funds
f
Funds 2021
6
Donations
Planned
Giving
83,033 138 83,171
Loose Collections 14,821 14,821
Donations 18,307 7,996 26,303
For Mission 350 350
Tax Refunds 25,339 1,660 26,999
Legacies
Legacies 1,000 25,062 26,062
Grants
St Mary' s:
Benefact Trust
StTathan's:
StAthan Community Council 400 400
St James':
Wick Community Council
Listed Places ofWorship Grant Scheme 6,243 6,243
Representative Body ofthe Church in Wales 3,000 3,000
St llltud's:
Headley Trust 5,000 5,000
MADL 2,000 2,000
St Don at's:
Welsh Church Act Fund 5,000 5,000
Allchurches
Trust
1,500 1,500
RBFabric Repair Fund
Listed Places of Worship Grant Scheme
StCattwg's:
Commonwealth War Graves Commission 10 10
StGiles:
StAthan Community Council 300 300
Listed Places of Worship Grant Scheme
Holy Trinity:
Listed Places of Worship Grant Scheme
Parish Office:
Llandaff Diocese Independent Exam Grant
156,350 44,809 201,159

Charitable
activities
Unrestricted Restricted Total Funds
Funds Funds 2022
E
Sale ofgoods/services as part ofdirect charitable
activities 8,099 14,601 22,700
Unrestricted Restricted Total Funds
Funds Funds 2021
E F
Sale ofgoods/services as part ofdirect charitable
activities 8,800 8,772 17,572

Unrestricted Restricted Total Funds
Funds Funds 2022
E E E
Fundraising events 25,768 5,742 31,510
Shop income 4,521 4,521
30,289 5,742 36,031
Unrestricted Restricted Total Funds
Funds Funds 2021
F E E
Fundraising events 16,740 1,739 18,479
Shop income 1,348 1,348
18,088 1,739 19,827

of the Church
in Wales
maintenance.
.
The Ministr
y
Area receives
rental
income
and has
res
ponsibility
fo
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
E E E
Income from investment properties 10,800 10,800
Income from listed investments 8,803 25 2,232 11,060
Bank interest receivable 347 149 496
19,950 174 2,232 22,357
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
E E E F
Income from investment properties 9,745 9,745
Income from listed investments 7,585 35 2,135 9,755
Bank interest receivable 218 87 305
17,548 122 2,135 19,805

Other income
Unrestricted Restricted Total Funds
Funds Funds 2022
E
Other income 8,139 137,490 145,629
Unrestricted Restricted Total Funds
Funds Funds 2021
F 6
Otherincome 29,728 793 30,521

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
8 F F 6
Costs ofother trading activities - Shop
costs 1,437 1,437 150 150
Costs ofmoney raising - Staging
events 5,011 5,011 1,766 1,766
6,448 6,448 1,916 1,916
Expendit ure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2022
F
Support for Ministry 127,267 2 127,269
Parish Running Costs 30,515 104 30,619
Church Property 56,008 133,290 189,298
Missions 26,413 26,413
Supportcosts 3,480 3,480
243,683 133,396 377,079
Unrestricted Restricted Total Funds
Funds Funds 2021
6 F 8
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
Supportcosts 3,240 3,240
175,542 54,519 230,061

Activities
undertaken Support Total funds Total fund
directly costs 2022 2021
F K E
Support for Ministry 127,269 127,269 89,193
Parish Running Costs 30,619 30,619 23,208
Church Property 189,298 189,298 113,458
Missions 26,413 26,413 961
Governance costs 3,480 3,480 3,240
373,599 3,480 377,079 230,060
12. Analysis of support costs
Analysis of
supportcosts Total 2022 Total 2021
F
Governance costs 3,480 3,480 3,240
13. Other expenditure
Unrestricted Restricted Total Funds
Funds Funds 2022
E K
Other expenditure 850 134 984
Unrestricted Restricted Total Funds
Funds Funds 2021
F 5 E
Other expenditure 559 72 631
14. Net (losses)/gains on investments
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
6
Gains/(losses) on listed investments (45,595) (2,023) (13,170) (60,788)
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
F
Gains/(losses) on listed investments (12,464) 2,965 12,003 2,504
15. Independent examination fees
2022 2021
6 F
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 3,480 3,240

Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2022 2021
r. F
Wages and salaries 13,913 12,748
Social security costs 706 528
14,619 13,276
The average
head
count of employees during the year was 1 (2021:1).The average number of
full-time equivalent employees during the year is analysed as follows:
2022 2021
No. No.
Number ofstaff - admin 1 1

Investments
Listed
investments
E
Cost orvaluation
At 1 January 2022 410,352
Additions
Disposals (4,266)
Fair value movements (60,788)
At 31December 2022 345,298
Impairment
At 1January 2022 and 31 December 2022
Carrying
amount
At 31December 2022
345,298
At 31 December 2021 410,352

20. Stocks
2022 2021
E E
Raw materials and consumables 1,783 1,350
21. Debtors
2022 2021
E
Other debtors 4,623 4,845
22. Creditors: amounts falling due within one year
2022 2021
E
Accruals and deferred income 8,073 5,878

At 1 Gains and At 31
Jan 2022 Income Expenditure Transfers losses Dec 2022
6 5 5
General funds 514,490 253,784 (250,981) 9,070 (45,595) 480,768
At 1 Gains and At 31
Jan 2021 Income Expenditure Transfers losses
f
Dec2021
f
General funds 491,966 230,514 (177,017) (17,509) (12,464) 514,490

Restricted funds Restricted funds
At Gains and At 31
1 Jan 2022 Income Expenditure Transfers losses Dec 2022
F 6 F
StIlltud's Church, Llantwit Major:
Access 729 729
Cowethas
Peran
Sans 246
Friends ofSt
Illtud's 13,982 723 14,705
Toddler Group
Galilee Account
159
18,883
159
18,883
Churchyard
Chancel Repair
8,397
3,432
7,075 (170) 1,651 (297) 16,953
3,135
Youth Project 2,603 2,603
Legacy Funds 1,831 23 (1,674) (180)
StCattwg's Church,
Churchyard
Llanmaes:
5,456
2,172 (5,491) 2,137
Restoration I
Maintenance 17,259 6,088 (44) 23,303
StJames' Church, Wick:
Restoration 258 187 (936) 741 250
Churchyard
Youth Work
5,872
2,247
1,950 (1,875)
(104)
5,947
2,143
Friends ofSt
James' 113 1,353 (741) 725
StTathan Church, StAthan:
Churchyard 777 5,690 (4,149) 2,318
Bells &Tower 19,325 877 20,202
StGiles' Church, Gileston:
Cemetery 7,858 465 (635) (6,183) 1,505
Alexander
Fund
20,082 20,082
StDonat's Church, St Donat's:
Churchyard 6,217 374 (1,100) 13 5,504
Holy Trinity Church, Marcross:
Churchyard (480) 480
Legacy Fund 204 (187) (20)
StMary's Church, Monknash:
Churchyard 22,371 702 (1,402) 21,671
Chancel Repair 253 5,000 (21) 5,232
StMichael's Church, Llanmihangeh
Churchyard 272 272
Restoration 9,002 1,780 (2) 10,780
Ewenny Priory:
Churchyard
Legacy Fund
6,852
12,489
208
122
(720) 6,340
12,611
StBridget's, StBrides Major
8All Saints, Southerndown:
Chancel Repair 17,357 (1,505) 15,852
Parish Office:
Alexander
Fund
134,964 (113,422) 21,542
Canolfan
llllud
3,000 (3,000)
184,444 192,838 (133,530) (5,900) (2,023) 235,829

At Gains and At 31
1 Jan 2021 Income Expenditure Transfers losses Dec 2021
E E E E E
Stllltud's
Church,
Llantwit Nlajor:
Access 729 729
Cowethas
Peran
Sans 246
Friends ofSt
llltud's 13,343 (360) 13,982
Toddler Group 159 159
Galilee Account 18,883 18,883
Churchyard 6,162 3,239 (1,035) 31 8,397
Chancel Repair 2,980 452 3,432
Youth Project 2,603 2,603
Legacy Funds 1,656 31 (31) 175 1,831
StCattwg's Church, Llanmaes:
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'
StTathan Church, StAthan:
2,190 1,470 (3,547) 113
Churchyard 2,163 2,718 (4,104) 777
Bells &Tower 18,175 1,150 19,325
StGiles' Church, Gileston:
Cemetery 8,158 300 (600) 7,858
St Donat's Church, StDonat's:
Churchyard 1,713 5,000 (560) 6,217
Holy Trinity Church, Nlarcross:
Churchyard 419 (480) 61
I egacy Fund
StMary's Church, Monknash:
184 4 (4) 20
Churchyard 2,609 20,602 (840) 22,371
Chancel Repair 216 37 253
StMichael's Church, Llanmihangel:
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 AII Saints, Southerndow:
Chancel Repair 15,076 2,281 17,357
St Bridget's 2,250 (2,250)
All Saints
160,191 56,235 (54,591) 19,644 2,965 184,444

Endowment funds
At Gains and At 31
1Jan 2022 Income Expenditure Transfers losses Dec 2022
6 6 6
Permanent
Endowment
Funds:
StDonat's Church, St Donat's
RH Thomas Trust 115,325 2,055 (2,055) (12,102) 103,223
Mrs JP Lloyd
Testamentary
Trust 1,040 13 (951) (102)
StCattwg's Church, Llanmaes
Miss Richards'
Bequest 9,206 (164) (966) 8,240
125,571 2,232 (3,170) (13,170) 111,463
At Gains and At 31
1 Jan 2021
5
Income
6
Expenditure
6
Transfers losses
f
Dec 2021
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 9,206
113,568 2,135 (2,135) 12,003 125,571

Analysis ofnet as sets between funds
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
6 5 F
Investments 214,615 19,220 111,463 345,298
Current assets 274,226 216,609 490,835
Creditors less than 1 year (8,073) (8,073)
Net assets 480,768 235,829 111,463 828,060
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
F F 5 5
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

Operating
lease commit
Operating
lease commit
ments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 2021
F. F
Not later than 1 year 1,896 4,776
Later than 1 year and not later than 5years 4,266
6,162 4,776