| Page | |
|---|---|
| Trustees' annual report |
|
| Independent examiner's report to the trustees |
|
| Statement offinancial activities |
12 |
| Statement offinancial position |
13 |
| Statement ofcash flows | 14 |
| Notes to the financial statements |
15 |
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | E | 6 | E | 6 | |||
| Income and endowments | |||||||
| Donations and legacies |
4 | 227,912 | 46,008 | 4 | 273,925 | 102,014 | |
| Charitable activities |
5 | 71,166 | 9,895 | 81,061 | 37,928 | ||
| Investment income |
6 | 1,462 | 915 | 202 | 2,579 | 1,114 | |
| Other income | 7 | 119,417 | 62,356 | 21,504 | 203,277 | ||
| Total income | 419,957 | 119,174 | 21,710 | 560,842 | 141,056 | ||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofother | |||||||
| trading activities |
8 | 2,039 | 2,039 | ||||
| Expenditure on |
|||||||
| charitable activities |
9,10 | 267,186 | 78,688 | 345,874 | 126,552 | ||
| Total expenditure | 269,225 | 78,688 | 347,913 | 126,552 | |||
| Net (losses)/gains | on | ||||||
| investments | 11 | (849) | (5,634) | (6,483) | 6,020 | ||
| Net income | 150,732 | 39,637 | 16,076 | 206,446 | 20,524 | ||
| Transfers between | funds | (987) | 1,687 | (700) | |||
| Net movement in |
funds | 149,745 | 41,324 | 15,376 | 206,446 | 20,524 | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 305,058 | 271,001 | 59,146 | 635,205 | 614,681 | |
| Total funds carried forward | 454,803 | 312,325 | 74,522 | 841,650 | 635,205 |
| 31December 20 | 22 | ||||
|---|---|---|---|---|---|
| Mote | 2022 f |
2021 f |
|||
| Fixed assets Tangible fixed assets Investments |
15 16 |
232,914 55,297 |
232,914 61,780 |
||
| 288,211 | 294,694 | ||||
| Current assets | |||||
| Debtors Cash at bank and in |
hand | 58,526 506,533 |
7,721 336,113 |
||
| 565,061 | 343,834 | ||||
| Creditors: amounts | falling | due within one year | 18 | 11,620 | 3,323 |
| Net current assets | 553,439 | 340,510 | |||
| Total assets less current | liabilities | 84'i,650 | 635,205 | ||
| Net assets | 841,650 | 635,205 | |||
| Funds ofthe charity Endowment funds |
74,522 | 59,148 | |||
| Restricted funds | 312,325 | 271,000 | |||
| Unrestricted funds |
454,803 | 305,059 | |||
| Total charity funds | 19 | 841,650 | 635,205 |
| Ministry Area of Roath and C (formerly The Parochial Church Council Statement ofCash Flows Year ended 31 December 2022 |
athays ofthe Ecclesiastical |
Parish of Roath) | |
|---|---|---|---|
| 2022 | 2021 | ||
| Cash flows from operating activities |
|||
| Net income | 206,446 | 20,524 | |
| Adjustments for: Net (losses)/gains on investments |
6,483 | (6,020) | |
| Dividends, interest and rents from investments |
(957) | (1,114) | |
| Other interest receivable and similar income Accrued expenses |
(1,622) 7,219 |
2,611 | |
| Changesin: | |||
| Trade and other debtors | (50,806) | 8,905 | |
| Trade and other creditors | 1,078 | ||
| Cash generated from operations |
167,841 | 24,906 | |
| Interest received | 1,622 | ||
| Net cash from operating activities |
169,463 | 24,906 | |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investments |
957 | 1,114 | |
| Purchases ofother investments |
(269) | ||
| Proceeds from sale ofother investments | 128 | ||
| Net cash from investing activities |
959 | 973 | |
| Net increase in cash and cash equivalents |
170,422 | 25,879 | |
| Cash and cash equivalents at beginning |
ofyear | 336,112 | 310,233 |
| Cash and cash equivalents at end ofyear |
506,534 | 336,112 |
| Unrestricted | Restricted | Endowment | Total Funds | ||
|---|---|---|---|---|---|
| Funds f |
Funds E |
Funds 8 |
2022 | ||
| Donations | |||||
| Planned giving |
82,508 | 1,145 | 83,658 | ||
| Church Collections | 15,750 | 358 | 16,108 | ||
| Donations | 21,631 | 7,605 | 29,236 | ||
| For mission | 4,477 | 4,477 | |||
| Money-raising | 26,958 | 400 | 27,358 | ||
| Gift Aid | 18,704 | 1,500 | 20,204 | ||
| Tax refund | 56,384 | 56,384 | |||
| Legacies Legacies |
1,500 | 10,000 | 11,500 | ||
| Grants | |||||
| Non-recuning | one-off grants | 25,000 | 25,000 | ||
| 227,912 | 46,008 | 273,925 | |||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| F | E | ||||
| Donations | |||||
| Planned giving |
44,736 | 44,736 | |||
| Church Collections | 7,628 | 7,628 | |||
| Donations | 33,661 | 33,661 | |||
| For mission | 3,125 | 3,125 | |||
| Money-raising | 881 | 881 | |||
| Gift Aid | |||||
| Tax refund | 11,983 | 11,983 |
| Ye | ar ended 31 Decembe | ar ended 31 Decembe | r 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 4. | Donations and legacies |
(continuer// | ||||||
| Unrestricted | Restricted | Endowment | Total Funds | |||||
| Funds | Funds | Funds | 2021 | |||||
| E | E | |||||||
| Legacies | ||||||||
| Legacies | ||||||||
| Grants | ||||||||
| Non-recurring one-off grants |
||||||||
| 102,014 | 102,014 | |||||||
| 5. | Charitable activities |
|||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| F | E | E | ||||||
| Church | activities - Fees | |||||||
| Church | activities - Rent from investment | land or | ||||||
| buildings | 6,050 | 9,694 | 15,744 | |||||
| Church | activities - Hall/Property | 49,807 | 49,807 | |||||
| Church | activities - Other | income | 8,160 | 201 | 8,361 | |||
| Church | activities - Church | building | Rental | 7,149 | 7,149 | |||
| 71,166 | 9,895 | 81,061 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| E | ||||||||
| Church | activities - Fees | 2,945 | 2,945 | |||||
| Church | activities - Rent from investment | land or | ||||||
| buildings | ||||||||
| Church | activities - Hall/Property | 22,643 | 8,958 | 31,601 | ||||
| Church | activities - Other | income | 3,382 | 3,382 | ||||
| Church | activities - Church | building | Rental | |||||
| 28,970 | 8,958 | 37,928 |
| Investment | income | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| F | E | E | |||
| Investment | income | 957 | 957 | ||
| Bank interest receivable | 505 | 915 | 202 | 1,622 | |
| 1,462 | 915 | 202 | 2,579 |
| Ye | ar ended 3 | 1 December 2022 | 1 December 2022 | ||||
|---|---|---|---|---|---|---|---|
| 6. | Investment | income (continued) | |||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||
| Funds | Funds | Funds | 2021 | ||||
| F | E | ||||||
| Investment | income | 967 | 133 | 14 | 1,114 | ||
| Bank interest receivable | |||||||
| 967 | 133 | 14 | 1,114 | ||||
| 7. | Other income | ||||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||
| Funds | Funds | Funds | 2022 | ||||
| E | E | E | |||||
| Other exceptional | income | 119,417 | 62,356 | 21,504 | 203,277 | ||
| Unrestricted | Restricted | Endowment | Total Funds | ||||
| Funds | Funds | Funds | 2021 | ||||
| Other exceptional | income |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| E | F | E | |||
| Costs ofother trading | activities | ||||
| Staging events | 2,039 | 2,039 |
| 9. | Expendi | ture o |
n ch | aritable | activities | by fund type | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| 5 | E | 8 | |||||||
| Support | for Ministry | 118,802 | 118,802 | ||||||
| Parish Running |
Costs | 20,817 | 5,255 | 26,072 | |||||
| Church | Property | 111,534 | 11,170 | 122,704 | |||||
| Missions | 11,578 | 62,263 | 73,840 | ||||||
| Support | costs | 4,455 | 4,456 | ||||||
| 267,186 | 78,688 | 345,874 | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2021 f |
|||||||
| Support | for Ministry | 56,787 | 56,787 | ||||||
| Parish Running |
Costs | 10,409 | 10,409 | ||||||
| Church | Property | 55,884 | 104 | 55,988 | |||||
| Missions | 3,368 | 3,368 | |||||||
| Supportcosts | |||||||||
| 126,448 | 104 | 126,552 | |||||||
| 10. | Expenditure on charitable |
activities | by activity type | ||||||
| Activities | |||||||||
| undertaken | Support | Total funds | Total fund | ||||||
| directly | costs | 2022 | 2021 | ||||||
| F | F | ||||||||
| Support | for Ministry | 118,802 | 118,802 | 56,787 | |||||
| Parish Running | Costs | 26,072 | 26,072 | 10,409 | |||||
| Church | Property | 122,704 | 122,704 | 55,988 | |||||
| Missions | 73,840 | 73,840 | 3,368 | ||||||
| Governance costs |
4,456 | 4,456 | |||||||
| 341,418 | 4,456 | 345,874 | 126,552 | ||||||
| 11. | Net (losses)/gains | on investments | |||||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||||
| Funds 5 |
Funds | Funds f |
2022 6 |
||||||
| Gains/(losses) | on listed investments | (849) | (5,634) | (6,483) | |||||
| Unrestdcted | Restricted | Endowment | Total Funds | ||||||
| Funds | Funds | Funds | 2021 | ||||||
| E | |||||||||
| Gains/(losses) | on listed investments | 129 | 759 | 5,132 | 6,020 |
| Independent | examinatio | n fees |
|||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| K | |||||
| Fees payable | to the independent | examiner for: | |||
| Independent | examination | ofthe | financial statements | 4,440 |
| Tangible fixe | d assets | |||
|---|---|---|---|---|
| Freehold | ||||
| propertyf | Equipment E |
Total | ||
| Cost | ||||
| At 1January | 2022 and 31 December 2022 | 232,914 | 24,523 | 257,437 |
| Depreciation | ||||
| At 1January | 2022 and 31 December 2022 | 24,523 | 24,523 | |
| Carrying amount |
||||
| At 31 December 2022 | 232,914 | 232,914 | ||
| At 31 December 2021 | 232,914 | 232,914 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 January 2022 | 61,780 |
| Additions | |
| Fair value movements | (6,483) |
| At 31December 2022 | 55,297 |
| Impairment | |
| At 1January 2022 and 31 December 2022 |
|
| Carrying amount |
|
| At 31 December 2022 | 55,297 |
| At 31 December 2021 | 61,780 |
| 17. | stating the mid and the value Debtors |
dle ma ofeach |
rket valuation ofa share at the year-end. investment is calculated accordingly. |
This is considered to b |
e fair value |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Trade debtors | 7,994 | 7,171 | |||
| Prepayments | and accrued income | 5,099 | 550 | ||
| Other debtors | 45,434 | ||||
| 58,527 | 7,721 | ||||
| 18. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| 8 | |||||
| Accruals and deferred | income | 10,542 | 3,323 | ||
| Other creditors | 1,078 | ||||
| 11,620 | 3,323 |
| At 1 | Gains and | At 31 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2022 | Income | Expenditure | Transfers | losses | Dec2022 | |||||
| E | E | E | E | |||||||
| General funds | 182,821 | 377,934 | (269,225) | 6,686 | 298,215 | |||||
| Designated | funds: | |||||||||
| StMargaret's | WC fund | 86,696 | 86,696 | |||||||
| StMargaret's | Organ | Fund | 21,428 | 21,428 | ||||||
| StEdwards | Accessibility | Fund | 8,413 | 118 | 8,531 | |||||
| StEdwards | Organ | Fund | 5,700 | 5,700 | ||||||
| St Martin - Building | Project | 23,567 | (7,673) | 15,894 | ||||||
| St Michael - | COIF Church | Fabric | 18,338 | 18,338 | ||||||
| 305,058 | 419,957 | (269,225) | (987) | 454,802 | ||||||
| At 1 | Gains and | At 31 | ||||||||
| Jan 2021 | Income | Expenditure | Transfers | losses | Dec 2021 | |||||
| E | E | E | E | E | ||||||
| General funds | 170,115 | 131,662 | (126,448) | 7,363 | 129 | 182,821 | ||||
| Designated | funds: | |||||||||
| St Margaret's | WC fund | 86,687 | 86,696 | |||||||
| St Margaret's | Organ | Fund | 21,428 | 21,428 | ||||||
| St Edwards | Accessibility | Fund | 8,133 | 280 | 8,413 | |||||
| St Edwards | Organ | Fund | 5,700 | 5,700 | ||||||
| St Martin - Building |
Project | |||||||||
| St Michael - | COIF Church | Fabric | ||||||||
| 292,063 | 131,951 | (126,448) | 7,363 | 129 | 305,058 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 | Gains and | At 31 | ||||
| Jan 2022 | Income | Expenditure | Transfers f |
losses | Dec 2022 f |
|
| Roath &Cathays - STM Chancel | ||||||
| repair fund | 8,092 | (850) | 7,242 | |||
| Roath &Cathays - STM Chancel | ||||||
| repair fund | 42 | 144 | 186 | |||
| Roath &Cathays - St Phillips | ||||||
| House | 11,998 | 166 | 12,164 | |||
| Roath &Cathays - D M Brothers | 250,869 | 10,007 | (6,486) | 254,390 | ||
| St Martin - Music Foundation | 9,234 | (8,674) | 500 | 1,060 | ||
| St Martin Organ Repair Fund | 10,970 | (4,700) | 6,270 | |||
| St Martin Project 120 | 57,640 | (65,313) | 7,673 | |||
| StGerman Thelma Francis |
31,013 | 31,013 | ||||
| 271,001 | 119,174 | (78,688) | 1,687 | (850) | 312,325 | |
| At 1 | Gains and | At 31 | ||||
| Jan 2021 | Income f |
Expenditure | Transfers f |
losses | Dec 2021 | |
| Roath 8 Cathays - STM Chancel | ||||||
| repair fund | 7,064 | 269 | 759 | 8,092 | ||
| Roath &Cathays - STM Chancel | ||||||
| repair fund | 178 | 133 | (269) | 42 | ||
| Roath &Cathays - St Phillips | ||||||
| House | 11,998 | 11,998 | ||||
| Roath &Cathays - D M Brothers | 249,377 | 8,959 | 103.91 | (7,363) | 250,869 | |
| St Martin - Music Foundation | ||||||
| St Martin Organ Repair Fund | ||||||
| St Martin Project 120 | ||||||
| StGerman Thelma Francis |
||||||
| 268,617 | 9,361 | (104) | 759 | 271,001 |
| Endowment | funds | ||||||
|---|---|---|---|---|---|---|---|
| At 1 | Gains and | At 31 | |||||
| Jan 2022 F |
Income F. |
Expenditure f |
Transfers f |
losses f |
Dec2022 | ||
| Roath &Cathays | - Picton | 5,189 | 5,189 | ||||
| Roath 8 Cathays | - Riddett | 269 | 269 | ||||
| Roath &Cathays | - EMLong | 101 | (11) | 90 | |||
| Roath &Cathays | -Shaw | 53,588 | (5,624) | 47,964 | |||
| St German Freda |
Hawkins | 21,710 | (700) | 21,010 | |||
| 59,147 | 21,710 | (700) | (5,635) | 74,522 | |||
| At 1 | Gains and | At 31 | |||||
| Jan 2021 f |
Income F |
Expenditure f |
Transfers | losses F |
Dec 2021 f |
||
| Roath &Cathays- | Picton | 5,175 | 14 | 5,189 | |||
| Roath &Cathays | - Riddett | 269 | 269 | ||||
| Roath &Cathays | - EMLong | 91 | 10 | 101 | |||
| Roath &Cathays | - Shaw | 48,465 | 5,122 | 53,588 | |||
| 54,000 | 14 | 5,132 | 59,147 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds f |
Funds f. |
Funds F |
2022 f |
||
| Tangible fixed assets | 232,914 | 232,914 | |||
| Investments | 7,242 | 48,055 | 55,297 | ||
| Cunent assets | 233,510 | 305,083 | 26,468 | 565,059 | |
| Creditors less than | 1 year | (11,620) | (11,620) | ||
| Net assets | 454,804 | 312,325 | 74,523 | 841,650 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds f |
2021 | ||
| Tangible fixed assets |
232,914 | 232,914 | |||
| Investments | 8,092 | 53,688 | 61,780 | ||
| Current assets | 75,466 | 262,909 | 5,458 | 343,834 | |
| Creditors less than | 1 year | (3,323) | (3,323) | ||
| Net assets | 305,057 | 271,001 | 59,146 | 635,205 |
| Yea | r ended 31 Decem | ber 2022 | ||||
|---|---|---|---|---|---|---|
| 21. | Analysis ofchanges | in net debt | ||||
| At | At | |||||
| 1 | Jan 2022 | Cash flows | 31Dec 2022 | |||
| 6 | F | |||||
| Cash at bank and in hand | 336,112 | 170,422 | 506,534 |