| FOR THE YEAR ENDED 3 | 1 | D | E | CE | MB | ER 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestncled | Designated | Restricted | Endo9rment | This Year | Last Year | |||||||||
| Funds | Funds | Funds | Total | Total | ||||||||||
| Notes | F | s | ||||||||||||
| INCOMING RESOURCES | ||||||||||||||
| Voluntary resources |
||||||||||||||
| Direct giving: Planned | 143,722 | 143,722 | 44,483 | |||||||||||
| Church collections | 13,336 | 13,336 | 5,490 | |||||||||||
| Indirect giving: Tax refunds | 46,868 | 46,868 | 9,168 | |||||||||||
| Activities for generating funds |
||||||||||||||
| Fees | 22,714 | 22,714 | 5,157 | |||||||||||
| Fund raising | 27,673 | 2,039 | 29,712 | |||||||||||
| Special collections | 3,350 | 3,350 | 653 | |||||||||||
| Miscellaneous income |
32,295 | 32,295 | 5,866 | |||||||||||
| Church Hall and other property |
income | 24,093 | 24,093 | 67 | ||||||||||
| Donations and legacies |
14,223 | 1,875 | 16,098 | 26,546 | ||||||||||
| Investment income |
||||||||||||||
| Interest received | 1,092 | 96 | 1,189 | 13 | ||||||||||
| Common Investment Fund |
579 | 579 | 264 | |||||||||||
| Other incoming resources |
||||||||||||||
| Grants from DBF |
14,336 | 14,072 | 28,408 | 0 | ||||||||||
| Other grants received | 19,774 | 19,774 | 0 | |||||||||||
| Maintenance of Ministry Total incoming |
resources | 35,190 ~399,245 |
~0 | ~38,082 | ~0 | 35,190 ~437,327 |
157,166 ~254,873 |
|||||||
| Outgoing resources expended |
for | the | promotion | |||||||||||
| ofthe mission ofthe Church | in | the Parish | ||||||||||||
| Maintenance of Ministry |
215,017 | 215,017 | 191,138 | |||||||||||
| Parochial expenses ofClerics | 13,686 | 13,686 | 1,535 | |||||||||||
| Maintenance ofservices |
7,293 | 156 | 7,449 | f96 | ||||||||||
| General church expenses | 18,491 | 318 | 18,810 | 8,306 | ||||||||||
| Maintenance ofChurches |
95,272 | 9,439 | 104,711 | 29,710 | ||||||||||
| Maintenance of halls and other |
property | 22,647 | 6,352 | 28,998 | 3,496 | |||||||||
| Missions Home |
6a | 1,081 | 1,081 | 753 | ||||||||||
| Vt/o rid | 6b | 10,295 | 10,295 | 0 | ||||||||||
| Costs of fund raising | 4,047 | 4,047 | 50 | |||||||||||
| Exceptional expenses | 88,943 | 88,943 | ||||||||||||
| Total Outgoing | resources | 476,772 | 0 | 16,265 | 0 | 493,037 | 235,184 | |||||||
| Net incoming/(outgoing) resources before transfers |
~77527 | ~0 | ~, | 1,817 | ~0 | ~75,710 | ~19.589 | |||||||
| Unrealised gains/(losses) on |
revaluation | of: | ||||||||||||
| Investments | 23,026 | (12,307) | 10„719 | |||||||||||
| Church Halls and investment |
property | 245,000 | 245,000 | |||||||||||
| Net increase/(decrease) in |
funds | 190,499 | 0 | (10,490) | 0 | 180,009 | 19,689 | |||||||
| Fund balances brought forward |
||||||||||||||
| at 1stJanuary | 503,509 | 0 | 437.777 | 0 | 941,285 | 921,596 | ||||||||
| Adjustment to opening balance: |
||||||||||||||
| transfer to revaluation reserve |
(425,000) | (425,000) | ||||||||||||
| Adjustment to opening balance |
250 | 250 | ||||||||||||
| Reallocation from Unrestricted |
to | |||||||||||||
| Designated Funds |
(21,320) | 21,320 | ||||||||||||
| Reallocation from Restricted |
to | |||||||||||||
| Unrestricted Funds |
250 | (250) | ||||||||||||
| Fund balances introduced |
on | |||||||||||||
| creation of Ministry Area at | 1 | |||||||||||||
| January 2022 | 362,925 | 348,893 | 711,818 | |||||||||||
| Transfer of revaluatiuon surplus |
||||||||||||||
| on church halls and investment |
||||||||||||||
| property | (245.000) | (245,000) | ||||||||||||
| Fund balances carried forward | ||||||||||||||
| at 31 December | 365,863 | 21,320 | 776,179 | 0 | 1,163,363 |
| Notes | This Year | i asi Year | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 7 | 436,500 | 426,500 | |||
| Investments | Total of Fixed Assets | 8 | 641,882 ~1,078,382 |
7.936 434,436 |
||
| Current assets | ||||||
| Debtors | 39,329 | 0 | ||||
| Cash at bank 8 in hand | 744,243 | 506,850 | ||||
| 783,571 | 506,850 | |||||
| Creditors | falling due | within one year | 28,691 | |||
| Net | Current Assets | 754,881 | 506,850 | |||
| Total assets less current | liabilities | ~1,833,283 | ~941,288 | |||
| TOTAL NET ASSETS | 12 | ~1,833,263 | ~941,286 | |||
| income funds | ||||||
| Unrestricted: | Ordinary | 13 | 365,863 | 503,509 | ||
| Designated | 13 | 21,320 | 0 | |||
| Restricted | 13 | 776,179 | 437,777 | |||
| Endowment | 0 | 0 | ||||
| 1,163,363 | 941,285 | |||||
| Revaluation | reserve | 670,000 | 0 | |||
| TOTAL FUNDS | 1,833,363 | 941,285 |
| unrestncted | l3eslgneted | Restricted | Tttls Yeat' | Last | Year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | General Parish Expenses: | ||||||||||
| Examiner's fees | 175 | 175 | 220 | ||||||||
| Professional fees | 1,505 | 318 | 1,823 | ||||||||
| Equipment | 1,500 | 1,500 | |||||||||
| Printing postage and |
stationery | 2,695 | 2,695 | /72 | |||||||
| Telephone | 799 | 799 | |||||||||
| Office and general | expenditure | 3,150 | 34150 | ||||||||
| Office salary | 6,365 | 6,365 | |||||||||
| Bank charges | 558 | 558 | 280 | ||||||||
| Gifts | 1,745 | 1,745 | |||||||||
| 18,491 | 318.24 | 18,810 | 8.306 | ||||||||
| 6a | Payments to Ministary |
Area missions: | |||||||||
| Children and young |
people | activity costs | 227 | 22? | |||||||
| 6b | Cost of church publications Other mission work Missions and Grants Home/World |
256 598 ~1,081~~ |
256 598 ~3,081 |
753 753 |
|||||||
| Diocesan projects | 100 | 100 | |||||||||
| Church projects |
1,259 | ||||||||||
| UK Charities | 7,454 | 8,712 | |||||||||
| International mission Total Missions |
and | projects | 1,483 10,295 ~1'l,3F6 |
~0 | ~0 | 1,483 10,295 ~113F6 |
~, | F53 | |||
| Freenold | Fixtures a | This Year | i.as/ | Year | |||||||
| 7 | Tangible Fixed Assets | properly | ettings | ||||||||
| Cost or valuation; | Balance 1stJanuary | 2022 | 425,000 | 1,500 | 426,500 | 426,500 | |||||
| Additions | 265,000 | 265,000 | |||||||||
| Revaluation | (255,000) | (255,000) | |||||||||
| Balance 31 December | 2022 | 435,000 | ",500 | 436,500 | 426,500 | ||||||
| Accumulated depreciation |
Balance 1stJanuary | 2022 | |||||||||
| Charge for the year | |||||||||||
| Accumulated depreciation |
Balance 31 December | 2022 | 0 | 0 | |||||||
| Net book value; | Balance 31 December Balance 31 December |
2022 2021 |
~435,000 425,000 |
~500 1,50Q |
~436,600 426,500 |
426,500 426,500 |
|||||
| Freehold Property at 31 December 2022 comprise |
at valuation | ||||||||||
| Church halls |
435,000 |
| Investment | Investment | Other | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | Investments | Properties | investmemts | This Year | Last | Year | ||||||||||
| At valuation: | f | f | f | |||||||||||||
| Balance 1 January 2022 |
7,936 | 7,936 | 7,936 | |||||||||||||
| Fund balances introduced |
on creation | of Ministry Area | at 1 | |||||||||||||
| January 2022 | 412,406 | 412,406 | ||||||||||||||
| Additions in the |
||||||||||||||||
| year | 76 | 76 | ||||||||||||||
| Decreases in the |
||||||||||||||||
| year | (24,254) | (24,254) | ||||||||||||||
| Unrealised gain on revaluation |
of investments | 235,000 | 10,718 | 245,718 | ||||||||||||
| Balance 31 December | 2022 | 235,000 | 406,882 | 641,852 | ~7,035 | |||||||||||
| Investment Properties |
at | 31 December | 2022 comprise | At valuation | ||||||||||||
| Residential Investment |
Property | 235,000 | ||||||||||||||
| Other investments at |
31 | December 2022 comprise | At valuation | |||||||||||||
| Common Investment |
Fund held | by The Representative | Body ofthe | Church | in Wale | 271,874 | ||||||||||
| International Prudence |
Bond | 135,008 | ||||||||||||||
| 406,882 | ||||||||||||||||
| The maket value ofthe | residential | investment | property | has been assessed | by the Trustees | following | the. | |||||||||
| receipt of independant | advice. | |||||||||||||||
| Investment properties |
are held | by | The | Representative | Body ofthe Church | in Wales | on behalf ofThe | Lian Ministry | Area. | |||||||
| Shares in the Common |
Investment | Fund held | by The | Representative | Body | ofthe | ||||||||||
| Church in Wales on behalf of The |
Lian | Ministry | Area. | |||||||||||||
| 9 | Debtors | |||||||||||||||
| Income tax recoverable | 25,085 | |||||||||||||||
| Other debtors and prepayments | 14,243 | |||||||||||||||
| 39,329 | 0 | |||||||||||||||
| 10 | Creditors falling due |
within one | year | |||||||||||||
| Other creditors and accrued expenses |
28,691 | 0 | ||||||||||||||
| 28,691 | 0 | |||||||||||||||
| 11 | Revaluation reserve |
|||||||||||||||
| At 31st December 2021 | 0 | |||||||||||||||
| Adjustment to opening |
balance | 425,000 | ||||||||||||||
| Arising from revaluation |
of church | halls | 10,000 | |||||||||||||
| Arising from revaluation At 31st December 2022 |
of investment | property | 235,000 670,000 |
|||||||||||||
| Analysis of Net |
||||||||||||||||
| 12 | Assets by Fund | Unrestricted | Designated | Restnnted | ThiS Year | |||||||||||
| f | f | |||||||||||||||
| At 31 December | ||||||||||||||||
| 2022 | ||||||||||||||||
| Tangible assets | 201,500 | 235,000 | 436,500 | |||||||||||||
| Investments | 135,009 | 17,132 | 489,742 | 641,883 | ||||||||||||
| Debtors | 39,329 | 39,329 | ||||||||||||||
| Cash at Bank | ||||||||||||||||
| and in Hand |
453,716 | 4,188 | 286,337 | 744,241 | ||||||||||||
| 829,554 | 21,320 | 1,011,079 | 1,861,953 | |||||||||||||
| Creditors amounts falling |
due within one year | (28691) | (28,691) | |||||||||||||
| 800,863 | 21,320 | 1,011,079 | 1,833,262 |
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