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||||Page|
|---|---|---|---|
|Trustees, officers and advisers||||
|Annual
Report ofthe trustees||||
|Statement ofTrustees'
Responsibilities|||14|
|Independent
Auditors'
report|||15|
|Consolidated
Statement of Financial||Activities|ts|
|Consolidated
and Parent Charity|Balance Sheets||19|
|Consolidated
Cash Flow Statement|||20|
|Notes to the financial statements||||
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|Annual
R|eport|ofthe Trustees|||||
|---|---|---|---|---|---|---|
||||Coleg YBala|Coleg Trefeca|Candidates|and|
||||||Training||
||||||DepartmentFund||
||||Year Ended|Year ended|Year ended||
||||31 December 2022|31 December 2022|31December|2022|
||||5'000|6'000||5'000|
|Income|||||||
|From Presbyterian||Church ofWales|128|77||35|
|Charitable
Activities||(incl course fees)|34|3|||
|Investment|income|end interest|4|1|||
|Other|||21|403|||
||||187|484|||
|Expenditure|||||||
|Salaries and|wages||48|57||40|
|Other|||124|166||76|
||||172|223||116|
|Surplus I(Deficit)|||15|261||(72)|
||||Coleg YBala|Coleg Trefeca|Candidates|and|
||||||Training||
||||||Department|Fund|
||||31 December 2022|31 December 2022|31December|2022|
||||6'000|5'000||6'000|
|Tangible
Fixed Assets|||87|286|||
|Heritage Assets||||279|||
|Investments||||||320|
|Fixed Assets|||87|565||320|
|Net Current|Assets/(Liabilities)||154|226||302|
||||241|791||622|
|Unrestricted|Funds||241|512||622|
|Restricted
Funds||||279|||
|TotalFunds|||241|791||622|
##
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##
##
|summa|ry|ofthe main categories of income is show|n
below:||
|---|---|---|---|---|
||||E'000|'/o|
|Ministry|snd Mission
Contributions||2,113|52.4|
|Donations,||legacies and grants|88|2.2|
|Investment||income and interest|354|8.8|
|Income|from Colleges and Centres||425|10.5|
|Other|||1,053|26.1|
|Total|||4,033|100|
##
|summar|y|ofthe main categories of expenditure
an|d their percentage
ofthe total is|as follows:|
|---|---|---|---|---|
||||E'000||
|Ministry|benefits||4 109|75.3|
|Ecumenical||and PCW contributions|769|14.1|
|Colleges|and centres Costs||517|9.5|
|Other|||63|1.1|
|Total|||5,458|100|
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|imated 7|5%ofthe portfolio|will be direct holdings
a|nd 25% via poo|led funds|led funds|
|---|---|---|---|---|---|
|||Strategic||Benchmark||
|||Asset||||
|||Allocation||||
|UK Equities||45%|FTSE All|Share|Index|
|Overseas|Equities|30%|FTSEWodd (Ex UK)||Index|
|Fixed Interest||15%|FTSE Government
All|||
||||Stocks||Index|
|Property||5%|IPD Monthly||Index|
|infrastructure||5%|Bank of England|Base Rate||
||||||(+2%)|
|Cash||0%||||
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|||Note|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||||2022|2021|
||||6'000|6'000|6'000|6'000|
|Income from generated
funds:|||||||
|Ministry
and mission
contnbutions|||2,113||2,113|2,049|
|Donations|||44|27|71|69|
|Legacies||||6|6||
|Grants||||7|11|30|
|Income from investments|||157|197|354|413|
|Income from charitable activities:|||||||
|Colleges and centres||||425|425|28|
|Other income|||1,041|12|1,053|1,498|
|Total|||3,359|674|4,033|4,087|
|Expenditure
on:|||||||
|Charrtable
activities:|||||||
|Mlnisliy benefits|||3,418|691|4,109|3,916|
|Ecumenica( and PCVVcontributions|||542|227|769|685|
|Colleges and centres costs|||111|406|517|385|
||||4,071|1,324|5,395|4,986|
|Other|||49|14|63|32|
|Total|||4,120|1,338|5,458|5,018|
|Net income
/ (expenditure)
exceptional
item|before||(761)|(664)|(1,425)|(931)|
|Exceptional
item|||||||
|Settlement
and curtailment|income||||||
|on closure to future accrual|of||1,235||1,235||
|defined
beneiit pension scheme|||||||
|Net income
/ (expenditure)
exceptional
item|after||474|(664)|(190)||
|Net gains
/ (losses) on investments||12|(252)|(952)|(1,204)|1,156|
|Net income
/ (expenditure)|||222|(1,616)|(1,394)|225|
|Transfers
between
funds|||(187)|187|||
|Other recognised
gains
/ (losses)|||||||
|Loss on disposal offixed assets|||||||
|Valuation o/heritage
assets||||38|38|18|
|Actuarial
(/oss/lga/it
on defined
benefit pension scheme|||1,198||1,198|1,774|
|Net movement
on funds|||1,233|(1,391)|(158)|2,017|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||9,821|9,045|18,866|16,849|
|Total funds carried forward|||11,054|7,654|18,708|18,866|
##
|onsolidated|an|d|Parent|Charity|Balance Shee|ts as at|31 December|2022|
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
|||||Note|2022
8'000|2021
6'000|2022
6'000|2021
6*000|
|Fixed assets|||||||||
|Tangible fixed assets||||10|381|581||224|
|Hentage assets||||11|279|241|||
|Investments||||12|12,258|12,999|11,936|12,632|
||||||12,918|13,821|11,946|12,856|
|Current assets|||||||||
|Stock||||13|||||
|Debtom||||14|2,269|2,123|2,545|2,333|
|Short term deposits|||||224|264|12|12|
|Cash at bank and in||hand|||511|778|107|382|
||||||3,006|3,171|2,664|2,727|
|Creditors: amounts||falling due|||||||
|within one year||||15|I794)|I629)|1,176|(720)|
|Net current assets|||||2,212|2,542|1,488|2,007|
|Creditors: amounts
falling due
after more than
1 year||||15|(3,220)|(2,256)|(3,220)|(2,256)|
|Net assets excluding
scheme asset|||pension||11,910|14,107|10,214
'|12,607|
|Pension scheme|surplus|||9|6,798|4,759|6,798|4,759|
|Net assets|||||18,708|18,866|17,012|17,366|
|Funds|||||||||
|Unrestricted|||||4,256|5,062|4,256|5,062|
|Pension reserve|||||6,798|4,759|6,798|4,759|
||||||11,054|9,821|11,054|9,621|
|Restricted||||17|7,654|9,045|5,958||
|Totalfunds|||||18,708|18,866|17,012|17,368|
##
||||||Note|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||8'000|6'000|
|Reconciliation
ofnet expenditure|||to net cash|||||
|generated
from /(used
by)||||||||
|Net (expenditure)||||||(1,425)|(931)|
|Adjustments
for.||||||||
|Investment
income|||||3|(354)|(413)|
|Pension
Fund|||||9|394|436|
|Depreciation
charges|||||10|94|96|
|Add.||||||||
|Decrease
/ (Increase)
in||stocks|||13|4||
|Decrease
/ (increase)
in||debtors|||14|(146)|(59)|
|Increase
in creditors|||||15|165|59|
|Net cash generated
from/(used
activities|||by) operating|||(1,268)|(812)|
|Statement ofcash flows||||||||
|Cash flows from operating||activities||||||
|Net cash generated
from/ (used by)|||operating|activities||(1,268)|(812)|
|Cash flows from investing||activities:||||||
|Interest from investments||||||354|413|
|Purchase ofinvestments||||||(7,646)|(1,052)|
|Proceeds from sale ofinvestments||||||7,398|1,052|
|Proceeds from sale offixed||assets||||||
|Purchase ofproperty,
plant|and equipment|||||(109)|(13)|
|Net cash provided
by investing
activities||||||(1,271)|(412)|
|Cash flows from financing||activities:||||||
|Cash inflows from new borrowing|||||||752|
|Net cash pmvided
by fusedin)
financing||||||||
|Change
in cash and cash|equivalents|||||(307)|340|
|Cash &cash equivalents
at||1 January||||1,042|702|
|Cash 8 cash equivalents|at 31 December|||||735|1,042|
|Cash equivalents
atthe year end|||comprise:|||||
|Short term deposits||||||224|264|
|Cash at bank and
in hand||||||511|778|
|Cash 8 cash equivalents|at 31December|||||735|1,042|
##
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##
##
|2.|Results ofConnected|Charities|*|||
|---|---|---|---|---|---|
||(*excludes grani received from the|Church)||2022|2021|
|||||E'000|E'000|
||Incoming
resources|||||
||Course fees|||34|27|
||Shop sales|||2||
||Donations,
grants
and legacies|||423|40|
||Investment
income|||10|14|
||HMRC Furlough
reclaims||||49|
||Sundry
mcome||||4|
||Total incoming
resources|||475|134|
||Resources Expended|||||
||Chantable
activities|||506|393|
||Other|||7|5|
||Totalresources
expended|||513|398|
||Net outgoing resources|||i38)|f264)|
##
|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
||||2022||2021|2022||2021|
||||E'000||E'000|E'000||E'000|
|Investment||Income|||||||
|Unit trusts|||21||16|20||15|
|Property|unit trusts||4|||4|||
|Overseas||fixed interest|8|||8|||
|Oversea|equities||22|||21|||
|UK Fixed||Interest and cash|36||22|35||21|
|UK Equities|||197||304|190||294|
|Investment||Property|66||71|66||71|
||||354||413|344||401|
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||||2022|2021|
||||E'000|E'000|E'000|E'000|
|Bank interest||||6|6|2|
|Loan interest receivable|||32||32|29|
|HMRC|furlough|reclaim||||320|
|Profit on sales||ofchapels and manses|916||916|1,076|
|Sundry|income||||10|24|
|Pension|—interest||89||89|47|
|Total —Group|||1,041|12|1,053|1,498|
##
||||||Staffcosts|Other|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||6'000|costs|2022|2021|
|||||||6'000|6'000|8'000|
|Ministry|benefits||||3,669|440|4,109|3,916|
|Ecumenical||and PCW contributions|||173|596|769|685|
|College|and|centre costs|||49|72|121|99|
|Other||||||63|63|32|
|Total Charity|||||3,891|1,171|5,062|4,732|
|College|and|centre costs|||106|290||286|
|Total Group|||||3,997|1,461|5,458|5,018|
|Staffcosts|||||||||
|Stipends,|wages and salaries||||||2,491|2,664|
|Social security costs|||||||243|225|
|Redundancy||and termination|costs||||191||
|Pension|costs||||||1,072|1,061|
||||||||3,997|3,950|
|The total|number ofemployees|||by function was:|||2022|2021|
||||||||Number|Number|
|Ministers|—full time||||||38|40|
|Ministem|—part time||||||8|8|
|Field workers|||||||42|45|
|Colleges|and|centres|||||6|7|
|Administration|||||||16|21|
||||||||110|121|
##
##
|otes to the financial|statements
for|statements
for|the year|ended 31 December 2022||
|---|---|---|---|---|---|
|The number ofemployees|whose emoluments||for the year|fell within the following
bands were:||
|||||Total|Total|
|||||2022|2021|
|||||No|No|
|In the band E90,000 - F99,999||||1||
|In the band f100,000- E109,999||||1||
|The number of higher paid|employees|to whom|retirement|benefits were accruing
isas follows:||
|||||Total|Total|
|||||2022|2021|
|||||No|No|
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|2022|2021|
|||||E'000|E'000|E'000|E'000|
|Stipends|and|salaries||1,698|628|2,326|2,281|
|Pastoral|expenses||||11|11||
|Support|costs|(note 8)||616|52|668|542|
|||||2,314|691|3,005|2,823|
|Pension|costs:|||||||
|Contributions||paid||589||589|578|
|Current|service||pension costs|483||483|483|
|Pension|audit|||32||32|32|
|||||1,104||1,104|1,093|
|Total ministers|||benefits|3,418|691|4,109|3,916|
##
|Ecum|enica|l
and PC|W Contribu|tions||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|2022|2021|
|||||E'000|E'000|E'000|E'000|
|International||||2|16|18|2|
|yyales/UK||||83|34|117|101|
|Ministers,
workers,
candidates,
Presbyteries
and local churches|||Association,|65|144|209|237|
|Support costs (note 8)||||392|33|425|345|
||||||227|769|685|
##
##
|Support c|o|sts||||||
|---|---|---|---|---|---|---|---|
||||INinistry|Allocation of|College|||
||||Benefits|Ecumenical|and|Total|Total|
|||||and PCW|Centm|2022|2021|
||||6'000|Contributions|costs|e000|6'000|
|||||6'000|6'000|||
|Salaries
&wages|||271|173|49|493|515|
|Travelling
&subsistence|||41|26|8|75|41|
|Utility costs|||30|19|5|54|34|
|Property
&general|insurances||24|15||43|37|
|Printing
& stationery|||29|18||52|36|
|Postage
&telephone|||25|16||46|35|
|Repairs, maintenance
improvements||8|12|||22|12|
|Leasing charges|||19|12||35|31|
|Equipment
8, materials|||29|18||52|31|
|Legal & professional||charges|143|91|26|260|140|
|Audit fees|||24|16||44|38|
|Depreciation|||4|||7|11|
|Advertising
& publicity|||1|||1|1|
|Coume fees||||||1|1|
|Bad debt charge|||15|||27|22|
|Publishing
costs||||||2|1|
||||668|426|121|1,214|686|
##
##
##
##
|e major c|at|egories ofassets as a percent|age oftotal assets are as follows:||
|---|---|---|---|---|
||||31 December|31 December|
||||2022|2021|
|Equities|||0%|32%|
|Other assets|||Os/o|6%|
|Fixed interest||gilts|17%|0%|
|Index-linked||gilts|44%|31%|
|Corporate|bonds||28%|29%|
|Cash|||11%|2%|
|Total|||1QQ'/o|100'Yo|
##
|Amounts|R|ecognised|in|the Balance|Sheet|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||K'000|eooo|
|Fair value||ofplan assets||||22,839|32,600|
|Present|value offunded||obligations|||(16,041)|(27,841)|
|Surplus||||||8,798|4,759|
|Amounts|Recognised||in|the Summary|ofFinancial|Activities over the year||
|||||||2022|2021|
|||||||6'000|5'000|
|Current|service cost|||||571|804|
|Administrstwe
costs||||||242|114|
|Interest|on|liabilities||||490|361|
|Interest|on|assets||||(579)|(408)|
|Past service cost||||||206|139|
|Settlement||and curtailment||cost||(1,235)||
|Total||||||(305)|1,010|
##
##
|Remeaaurementa
over the year||||||
|---|---|---|---|---|---|
|||||2021|2021|
|||||R'000|6'000|
|Loss / (gain) on scheme assets
in excess||ofinterest||9,349|(1,019)|
|Experience losses /(gains)
on liabilities||||(1,137)||
|(Losses) / gains from changes to demographic|||assumptions|(212)||
|(Losses) / gains from changes to financial||assumptions||(9,198)|(755)|
|Total||||(1,198)|(1,774)|
|Reconciliation
ofassets and Defined||Benefit Obligation||||
|The change
in assets over the year was:||||||
|||||2022|2021|
|||||6'000|6'000|
|Fair value ofassets at the beginning|of|the|year|32,600|31,657|
|Interest
on assets||||579|408|
|Employer contributions||||536|574|
|Contributions
by Scheme participants||||120|161|
|Benefits paid (net ofexpenses)||||(1,405)|(1,105)|
|Administration
costs||||(242)|(114)|
|Return on assets less interest||||(9,349)|1,019|
|Fair value ofassets at the end ofthe|year|||22,839|32,600|
##
|Actual
return
on scheme assets E8,770,000 (2021.E1,427,000)|Actual
return
on scheme assets E8,770,000 (2021.E1,427,000)|Actual
return
on scheme assets E8,770,000 (2021.E1,427,000)|||
|---|---|---|---|---|
|The change
in defined
benefit liabilities over the year was:|||||
||||2022|2021|
||||8'000|6'000|
|Defined benefit liabilities|at the beginning|ofthe year|27,841|28,236|
|Current service cost|||571|804|
|Contnbutions
by Scheme participants|||120|161|
|Past service cost|||206|139|
|Interest cost|||490|361|
|Benefits paid (net ofexpenses)|||(1,405)|(1,105)|
|Changes
due to settlements|and curtailments||(1,235)||
|Experience
(gain) / loss on|liabilities||(1,137)||
|Changes
to demographic
assumptions|||(212)||
|Changes
to financial assumptions|||(9,198)|(755)|
|Defined benefit liabilities|at the end ofthe|year|16,041|27,841|
##
##
|0.
Tangible fixed asse|ts|||||
|---|---|---|---|---|---|
||||Computer|||
||||equipmentl|||
||Motor|Land and|fixtures snd|Properly||
||vehicles|buildings|fittings|improvements|Total|
|Group|F000|8'000|6'000|6'000|6'000|
|Cost||||||
|At 1 January 2022|13|232|526|1,384|2,155|
|Transfer to investment
property||(232)|||(232)|
|Additions|17||92||109|
|At31 December2022|30||618|1,384|2,032|
|Accumulated
Depreciation||||||
|At 1 January 2022|13|17|412|1,132|1,574|
|Eliminated
on transfer||(17)|||(17)|
|Charge for the year|||25|67|94|
|At 31 December 2022|15||437|1,199|1,651|
|Net book value||||||
|At 31 December 2022|15||181|185|381|
|At 31 December 2021||215|114|252|581|
|Charity||||||
|Costi||||||
|At 1 January 2022||232|93||325|
|Transfer to investment
property||(232)|||(232)|
|Additions||||||
|At 31 December 2022|||98|||
|Accumulated
Dspn.ciation||||||
|At 1 January 2022||17|84||101|
|Eliminated
on transfer||(17)|||(17)|
|Charge for the year||||||
|At 31 December 2022|||90||90|
|Net book value||||||
|At 31 December 2022||||||
|At 31 December 2021||215|||224|
##
|2022|2021|
|---|---|
|f.'000|6'000|
|279|241|
##
|||Group||Charity||
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||6'000|R'000|6'000|6'000|
|At 1 January||12,999|11,643|12,632|11,506|
|Transfer from fixed assets||215||215||
|Additions||7,646|1,052|7,395|1,016|
|Disposals||(7,398)|(1,052)|(7,146)|(1,016)|
|(Losses) IGains on investments||(1,204)|1,156|(1,158)|1,126|
|At 31 December||12,258|12,999|11,938|12,632|
|Cost at 31|December|11,266|9,838|10,962|9,504|
|Investment|property|2,777|2,138|2,777|2,138|
|Unit trusts||643|1,286|622|1,242|
|UK Fixed interest securities||546|1,164|529|1,124|
|UK Equities||3,335|7,557|3,224|7,303|
|UK Property||403||389||
|International|fixed interest securities|499|406|482|392|
|International|equities|3,152|127|3,045|123|
|Alternative|assets|698||674||
|Investment|company||108||104|
|Cash||203|213|196|206|
|Market value ofinvestments||12,268|12,999|11,938|12,632|
##
##
|13.|Stock||||||
|---|---|---|---|---|---|---|
||||Group||Charity||
||||2022|2021|2022|2021|
||||E'000|E'000|E'000|E'000|
|Goods|for resale and|consumables|||||
|14.|Debtors||||||
||||Group||Charity||
||||2022|2021|2022|2021|
||||Z'000|E.'000|E'000|E'000|
|Debtors less than one year:|||||||
|Ministry
and mission||contributions|248|220|248|220|
|Loans|and mortgages||124|196|124|196|
|Other|debtors and prepayments||813|802|1,089|1,012|
||||1,185|1,218|1,461|1,428|
|Debtors more than||one year:|||||
|Loans|and mortgages||1,084|905|1,084|905|
||||2,269|2,123|2,545|2 333|
##
||||Group|||Charity||
|---|---|---|---|---|---|---|---|
|||2022||2021|2022||2021|
|||E'000||E'000|E'000||E'000|
|Creditors|and accruals|424||249|806||340|
|Other liabilities||370||380|370||380|
|||794||629|1,176||720|
##
|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
||||2022||2021|2022||2021|
||||E'000||E'000|E'000||E'000|
|Loan from the Properties
Presbyterian
Church of||Board ofthe
Wales|3,220||2,256|3,220||2,256|
||||3,220||2,256|3,220||2,256|
##
##
|6.
Movement|in Un|restricted
Fun|ds|||||
|---|---|---|---|---|---|---|---|
|||At|Income|Expenditure|Gains/|Transfers|At 31|
|||1 January|||(losses)||December|
|||2022 K'000|6'000|6'000|6000|6000|2022 6000|
|Unrestricted
Funds||5,062|3,270|(3,637)|(252)|(167)|4,256|
|Pension Reserve||4,759|89|(463)|2,433||6,798|
|Total Group and
Charity||9,821|3,359|(4,120)|2,181|(187)|11,054|
|Prior year||||||||
|||At|Income|Expenditure|Gainsl|Transfers|At 31|
|||1January|||(losses)||December|
|||20216'000|6'000|6'000|6000|6000|2021 KOOO|
|Unrestricted
Funds||4,507|3,459|(3350)|562|(116)|5,052|
|Pension Reserve||3,421|47|(483)|1,774||4,759|
|Total Group and
Charity||7,928|3,506|(3,833)|2,336|(116)|9,821|
|7.
Movement|in Restricted Funds|||||||
|||At|Income|Expenditure|Gains/|Transfem|At 31|
|||1 January|||(losses)||December|
|||2022|6'000|6'000|f000|6000|2022|
|||e000|||||FOOO|
|Ministnes
Department||4,373|159|(757)|(668)|(53)|3,054|
|Robert Davies Trust||400|||(46)||354|
|Histoncal
Sornety||7||(2)|||7|
|Christian
Aid||1|||||1|
|Mission
Programme|Fund|32||(62)||50|20|
|Moderators
Fund||19||(7)|||12|
|Device Lecture Trust||114|||(23)||94|
|Sale ofTheological
College Fund||1,471|||(169)||1,302|
|Sale ofChapels
Fund||1,128||(14)|||1,114|
|Total Charity||7,545|164|(842)|(906)|(3)|5,958|
|Coleg y Bala||226|59|(172)||128|241|
|Coleg Trefeca||251|407|(223)||77|512|
|Howell Harris Museum
and Aitefacts||241|||38||279|
|Candidates
and Training
Department
Fund||741||(101)|(46)|(15)|623|
|Welsh Calvinistic||||||||
|Methodist Assurance||41|||||41|
|Trust||||||||
|||1,500|510|(496)|(8)|190|1,696|
|Total Group||9,045|674|(1,338)|(914)|187|7,654|
##
##
##
|||At|Income|Expenditure|Gainer|Transfers|At 31|
|---|---|---|---|---|---|---|---|
|||1January
2021|5'000|6'000|(losses)
f000|f000|December
2021|
|||f'000|||||6000|
|Ministries
Department||4,397|388|(712)|422|(122)|4,373|
|Robert Device Trust||371|||29||400|
|Historical Society||8||(3)||||
|Christian
Aid||1|||||1|
|Mission Programme|Fund|43|10|(71)||50|32|
|Moderators
Fund||22||||(3)|19|
|Davies Lecture Trust||105|||||114|
|Sale ofTheological
College Fund||1,364|||107||1,471|
|Sale ofChapels
Fund||1,126|||||1,126|
|Total Charity||7,439||(787)|565|(75)|7,545|
|Coleg y Bala||211|47|(129)|||226|
|Coleg Tmfeca||301|63|(157)||44|251|
|Howell
Harris Museum
and Artefacts||223|||16||241|
|Candidates
and Training
Department
Fund||707|67|(112)|29|50|741|
|Welsh Calvinistic||||||||
|Methodist Assurance||40|||||41|
|Trust||||||||
|||1,482|178|(398)|47|191|1,500|
|Total Group||8,921|681|(1,185)|612|116|9,045|
##
##
|8.
Analysis o|f|Grou|p Net As|sets||||
|---|---|---|---|---|---|---|---|
|||||Tangible and|||At 31|
|||||heritage fixed||Other net|December|
|||||assets|Invesbnents|assets I|2022|
|||||E'000|E'000|(liabilities)|E'000|
|||||||E'000||
|Unrestricted
funds|||||5,742|(1,494)|4,256|
|Total|||||5,742|(1,494)|4,256|
|Restricted funds||||||||
|Ministries
Department|||||4,632|(1,578)|3,054|
|Robert Device Trust|||||320|34|354|
|Historical Society||||||7|7|
|Christian
Aid||||||1|1|
|Mission Programme|Fund|||||20|20|
|Moderators
Fund||||||13|13|
|Device Lecture Trust|||||67|27|94|
|Sale ofTheological College|||Fund||1 177|125|1,302|
|Sale of Chapels
Fund||||||1,114|1,114|
|Coleg YBala||||87||154|241|
|Coleg Trefeca||||286||226|512|
|Howell
Harris Museum||||279|||279|
|Candidates
&Training||Fund|Chanty||320|302|522|
|Welsh Calvinistic
Methodist|||Assurance|||41|41|
|Trust||||||||
|Total||||652|6,516|486|7,654|
|Total net assets (excluding
asset)|||pension|660|12,258|(1,008)|11,910|
##
|otes to the fin|an|cial|statemen|ts
for the ye|ar ended 31 D|ecember 202|2|
|---|---|---|---|---|---|---|---|
|Prior year||||||||
|||||Tangible snd|||At 31|
|||||heritage fixed||Other net|December|
|||||assets
eooo|Investments
f'000|assets I
(liabilities)|2021
5'000|
|||||||POOO||
|Unrestricted
funds||||224|5,530|(692)|5,062|
|Total||||224|5,530|(692)|5,062|
|Restricted funds||||||||
|Ministries
Department|||||5,300|(927)|4,373|
|Robert Device Trust|||||366|34|400|
|Historical Society||||||7|7|
|Christian
Aid||||||1|1|
|Mission Programme|Fund|||||32|32|
|Modeistors
Fund||||||19|19|
|Device Lecture Trust|||||90|24|114|
|Sale ofTheological|College||Fund||1,346|125|1,471|
|Sale ofChapels
Fund||||||1,128|1,128|
|Coleg Y Bala||||28||198|226|
|Coleg Trefeca||||329||(78)|251|
|Howell
Harris Museum||||241|||241|
|Candidates
8 Training||Fund|Charity||367|374|741|
|Welsh Calvinistic
Methodist
Trust|||Assurance|||41|41|
|Total||||598|7,469|978|9,045|
|Total net assets (excluding
asset)|||pension|822|12,999|286|14,107|
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||||2021|
|||6'000|f.'000|6'000|
|Income from generated|funds:||||
|Ministi)i and mission
contributions||2,049||2,049|
|Donations||44|25|69|
|Legacies|||||
|Grants|||26|30|
|Income from investments||176|235|413|
|Income from charitable|activities:||||
|Colleges and centres|||26|26|
|Other income||1,231|267|1,496|
|Total||3,506|581|4,087|
|Expenditure
on:|||||
|Charitable
activities:|||||
|Ministers
benefits||3,256|660|3,916|
|Ecumenical snd PCVV coniributions||460|225|685|
|Colleges and centres costs||93|292|385|
|||3,809|1,177|4,986|
|Other||24|6|32|
|Total||3,833|1,186|5,018|
|Net income I(expenditure)||(327)|(604)|(931)|
|Net gains I(losses) on investments||562|594|1,156|
|Net income /(expenditure)||236|(10)|226|
|Transfers between
funds||(116)|116||
|Other recognised
gains /(losses)|||||
|Loss on disposal offixed|assets||||
|Valuation ofheritage assets|||16|16|
|Aciuanal gain on defined
scheme|pension|1,774||1,774|
|Net movement
on funds||1,893|124|2,017|
|Reconciliation
offunds:|||||
|Total funds brought
forward||7,926|8,921|16,849|
|Total funds camed forward||9,821|9,046|18,866|