| Charity Information |
||
|---|---|---|
| Trustee's Report: |
3-8 | |
| Report ofthe Independent | Examiner | 9-10 |
| Statement of Financial Activities | ||
| Balance Sheet | 12 | |
| Cashflow Statement | 13 | |
| Statement ofAccounting |
Policies | 14-17 |
| Notes to the Accounts | 18-27 |
| for the year ende | d | 31 | De | cember | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | 2021 | 20' | |||||
| Unrestricted | Restricted | Unrestricted | Resbtcted | |||||||
| Funds | Funds | Total | Funds | Funds | Tot | |||||
| (adjuated) | (adjasted) | (adjusts | ||||||||
| Note | 5 | 6 | ||||||||
| INCOMING RESOURCES | 1 | |||||||||
| Income and endowments | from: | |||||||||
| Donations, legacies and |
grants | 130,771 | 63,716 | 194,487 | 48,421 | 48,421 | ||||
| Charitable activities |
64,952 | 27,922 | 92,874 | 30,824 | 30,824 | |||||
| Investments | 49,156 | 1,765 | 50,922 | 47,175 | 47,175 | |||||
| Other income | 16,112 | 1,108 | 17220 | 9,281 | 9281 | |||||
| Total income | 260,991 | 94,512 | 355503 | 135,701 | 135,701 | |||||
| RESOURCES EXPENDED | ||||||||||
| Expenditure on: |
||||||||||
| Charitable activities |
(239,514) | (240,284) | (479,798) | (139,336) | (2,060) | (141,39f | ||||
| Other expenditure | 10309 | 10309 | 3,061 | 750 | 3811 | |||||
| Total expenditure | 249823 | 240,284 | 490,107 | 142397 | 2810 | 145207 | ||||
| Net income before investment | ||||||||||
| gains/(losses) | 11,168 | (145,772) | (134,604) | (6,696) | (2,810) | (9,505 | ||||
| Net gains/(losses)on | ||||||||||
| investments: | ||||||||||
| (Losses)/gains on revaluation |
of | |||||||||
| investments | (53,055) | (77,419) | (130,475) | 90,426 | 53,834 | 144,2BC | ||||
| Investment income re-invested |
9,006 | 9,006 | 16,209 | 15,20c | ||||||
| (Losses) on disposal of | ||||||||||
| investments | (147) | (147) | ||||||||
| Net (expense)/income | before | |||||||||
| extraordinary items |
(32,882) | (223,338) | (256,220) | 83,730 | 67,233 | 150,96 | ||||
| Extraordinary income |
615,820 | 615,820 | ||||||||
| NET INCOME AND MOVEMENT | ||||||||||
| IN FUNDS | (32,882) | 392,482 | 359,600 | 83,730 | 67,233 | 150,96 | ||||
| Funds brought forward | 1,223,769 | 723,655 | 1,947,424 | 1,100,039 | 696,422 | 1,796,46 | ||||
| Transfer between funds | 40 900 | 40900 | 40,000 | 40,000 | ||||||
| Funds carried forward | 1,149987 | 1,157,037 | 2,307 024 | 1,223,769 | 723,655 | 1 94742 |
| 2022 | 2022 | 2022 | 202'I | 2021 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | |||||
| Funds | Funds | Total | Funds | Funds | Total | |||
| Fixed Assets | Nate | (adjusted) 6 |
(adjusted) 5 |
(adjusted) 5 |
||||
| Invsstmsnt Properties Tangible fixed assets |
10 8 |
447,500 100,000 |
116,177 27,001 |
563,677 127,001 |
447,500 100,000 |
447,500 100,000 |
||
| Investments | 481,251 | 676,511 | 1,157,762 | 575,302 | 475,112 | 1,050,414 | ||
| Total fixed assets | 1,028,751 | 819689 | 1,821,440 | 1 | 122802 | 475 112 | 1697,914 | |
| Current assets | ||||||||
| Cash st bank and in hand Debtors |
12 | 120,010 9625 |
337,345 | 457,355 9,625 |
102,107 | 245,543 | 350,650 | |
| Creditors: | 129,635 | 337.348 | 466.983 | 102,107 | 248.543 | 360,650 | ||
| amounts falling due |
||||||||
| within one year: | (8,399) | (6,399) | (1,140) | (1,140) | ||||
| Net Current AsseS | 1212S8 | 337,348 | 468 80 | 100,967 | 248,543 | S49,610 | ||
| Net assets | 1 14$,987 | 1 167037 | 2,307,024 | 1,223,769 | 723 655 | 1,947/24 | ||
| 6rought forward Transfers (Oefrcit)/Surplus forthe |
1,223,769 (40,900) |
723,555 40,900 |
1,947,424 | 1,100,039 40,000 |
696,432 (40,000) |
1,796,471 | ||
| year Carried Forwanl |
32862 1,149887 |
392,452 1 167 03'7 |
359,600 2307024 |
1 | 83,730 23769 |
67,223 723655 |
150,953 1,947,424 |
|
| Restricted Funds are | ||||||||
| split between | ||||||||
| Endowment Other |
455,954 0 3 |
453,978 269,677 |
||||||
| 1,157,037 | ||||||||
| These financial statements Ministry Area Council on |
were approved by the ~+-/f &l&g |
|||||||
| Signed on their behalf by | ||||||||
| H&t |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | Funds | ||||
| Net cash generated | from | 8,916 | (153,639) | (144,723) | 24.705 | (42,810) | (18,105) |
| operations | |||||||
| Investing activities |
|||||||
| Cash derived from merger |
307,243 | 307,243 | |||||
| Dividends received |
8,329 | 327 | 8,656 | 8,675 | 8,675 | ||
| Interest received | 658 | 1,439 | 2,097 | ||||
| Investment Property |
additions | (116,177) | (116,177) | ||||
| Proceeds on disposal | of | 49,612 | 49,612 | ||||
| investments | |||||||
| Net cash used in investing | 8,987 | 242,444 | 251,431 | 8,875 | 8,675 | ||
| activities | |||||||
| Net increase in cash and cash equivalenis |
17,903 | 88,805 | 106,708 | 33,380 | (42,810) | (9,430) | |
| Cash and cash equivalents | 102,107 | 248,543 | 350,650 | 68,727 | 291,353 | 360,080 | |
| at beginning ofyear |
|||||||
| Cash equivalent at end of |
120,010 | 337,348 | 457,358 | 102,107 | 248,543 | 350,650 | |
| year | |||||||
| Net income before | 11,168 | (145,772) | (134,604) | (6,696) | (2,810) | (9.506) | |
| investment gains/(loss) |
|||||||
| Transfers | 9,101 | (9,101) | 40,000 | (40,000) | |||
| Depreciation | 3,000 | 3,000 | |||||
| Investment income |
(8,987) | (1,766) | (10,753) | (8,875) | (8,675) | ||
| Movement on debtors/creditors |
(2,366) | (2,366) | 76 | 76 | |||
| *Net cash generated | from | 8,916 | (153,639) | (144,723) | 24,705 | (42,810) | (18,105) |
| operations |
| 1 INCOME |
||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | Unrestricted | Restricted | 2021 | |||
| Funds | Funds | Total | Funds | Funds | Total | |||
| 5 | 5 | 5 | 5 | 6 | 5 | |||
| Donations and Legacies |
||||||||
| Planned Giving |
83,420 | 325 | 83,745 | 32,587 | 32,687 | |||
| Loose Collections | 12,043 | 12,043 | 5,830 | 5,830 | ||||
| Tax Refunds (Gift Aid) |
18,457 | 18,457 | 3,075 | 3,075 | ||||
| Donations | 15,031 | 1,051 | 17,082 | 5,829 | 6829 | |||
| Legacies | 118 | 118 | ||||||
| Grants | 820 | 52222 | 63042 | |||||
| 130,771 | 63,716 | 194,487 | 48,421 | 48421 | ||||
| Charitable Activities |
||||||||
| Fees - Baptisms, Funerals |
and | 13,781 | 5,337 | 19,118 | 5,729 | 5,729 | ||
| Weddings | ||||||||
| - Hall hire | 45,714 | 45,714 | 25,095 | 25 095 | ||||
| -Money Raising | Events | 5,457 | 22,585 | 28,042 | ||||
| 64952 | 27 922 | 92874 | 30,824 | 30824 | ||||
| Income From Investments | ||||||||
| Investment Property Income |
40,159 | 40,169 | 38,500 | 38,500 | ||||
| Fixed Asset Investment | Income | 8,329 | 327 | 8,656 | 8,675 | 867' | ||
| Deposit Account Interest | 558 | 1 439 | 2 097 | |||||
| 49,156 | 1766 | 50,922 | 47,175 | 4717 | ||||
| Other Income | ||||||||
| Other Incoming Resources | 3,845 | 1,108 | 4,953 | 2,995 | 2,988 | |||
| Covid related grant from | Diocese | 12,257 | 12,267 | |||||
| Covid related Government | Grant | 5283 | 6,283 | |||||
| 16,112 | 1 108 | 17220 | 9271 | 9271 | ||||
| Extraordinary Income |
||||||||
| Merger ofParishes | 815,820 | 615820 | ||||||
| 615820 | 615,820 |
| 2 EXPENDITURE |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | Unrestricted | Restricted | 2021 | |
| Funds | Funds | Total | Funds | Funds | Total | |
| 8 | 8 | E | 6 | 8 | ||
| Charitable Activities Expenditure |
||||||
| Support for Ministry including |
||||||
| parish share | e4,366 | 81,045 | 165,411 | 89,698 | 89,698 | |
| Ministry Area parish share rebate | (12,939) | (12,939) | (40,319) | (40,319) | ||
| Maintenance ofServices |
5,859 | 5,859 | 2,050 | 2,060 | ||
| General Parish Expenses | 75,939 | 883 | 76,822 | 39,142 | 39,142 | |
| Maintenance ofChurches |
44,029 | 3,199 | 47,228 | 20,897 | 20,897 | |
| Maintenance of Property |
36,937 | 152,157 | 189,094 | 29,918 | 29,918 | |
| Mission (Donations) | 2,323 | 3,000 | 5,323 | |||
| Depreciation | 3000 | 3000 | ||||
| 239,514 | 240,284 | 479,798 | 139,336 | 2,060 | 141396 | |
| Other Expenditure | ||||||
| Legal snd Professional | 10309 | 10,309 | 3,051 | 750 | 3811 |
| ncome | includes gov | ernment grants of: |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| F | ||||
| Central | government | grants | 6,283 | |
| Other | government | grants | 37,837 |
| Leasehold | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| ~Pro e | t | Total | Total | |||
| Cost Brought | Forward | |||||
| Adjustments | 100,000 | 100,000 | 100,000 | |||
| Adjusted cost | brought | forward | 100,000 | 100,000 | 100,000 | |
| Merger | 30,000 | 30,001 | ||||
| Depreciation | in year | 3,000 | 3,000 | |||
| Total | 100001 | 27000 | 127001 | 100,000 |
| 0 INVESTMENT |
PROPERTIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Brought Forward | |||
| Adjustments | 447,500 | 447,500 | |
| Adjusted cost brought | forward | 447,500 | 447,500 |
| Additions | 116,177 | ||
| Total | 553,677 | 447,500 |
| Accounts | 2022 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 FIXED | ASSET INVESTMENTS (continued) | |||||||||||
| 2021 | 2022 | |||||||||||
| Market | Merger | Value | Purchase/ | Market | ||||||||
| Shares | Value | Fund | At Transfer | Disposals | Shares | Value | ||||||
| No | No | No | No | K | ||||||||
| Held at Representative | Body | —Common | ||||||||||
| Investment Fund |
||||||||||||
| Nlnlstry Ama |
||||||||||||
| Religious purpose in general |
but primarily | for | ||||||||||
| the use in Coity and Nolton Parish | ||||||||||||
| 387,800 | 907,956 | Capital | 23,677 | 411,477 | 862,291 | |||||||
| 11,472 | 26,859 | Accumulated income |
11,974 | 23,446 | 49,133 | |||||||
| 71,565 | Cash for m-investment | 5,284 | ||||||||||
| 9,781 | 22,900 | Legacy held | for | religious | purposes | 9,781 | 20,497 | |||||
| Stlltyds, Church, Newcasde | ||||||||||||
| Maintenance ofgraveyard |
4,008 | 9,384 | 4,008 | 8,399 | ||||||||
| StCrallo's, Coychurch | ||||||||||||
| Maintenance ofGraveyard |
106 | 248 | (106) | |||||||||
| Maintenance ofMemorial Tablets |
100 | 234 | (100) | |||||||||
| Maintenance ofChurch and Churchyard |
1,276 | (545) | ||||||||||
| General church purposes | Maintenance | of | ||||||||||
| Church and Churchyard, | 2,976 | 6,967 | 2,976 | 6,237 | ||||||||
| Maintenance ofWest Memorial |
Window | |||||||||||
| Capital | 1,154 | 2,702 | 1,154 | 2,418 | ||||||||
| Accumulated income |
3,501 | 8,196 | 3,501 | 7,337 | ||||||||
| Cash for re-investment | 136 | 136 | ||||||||||
| Aa Saints, Penyfal | ||||||||||||
| Maintenance ofChurch Buildings |
||||||||||||
| Capital | 15,863 | 37,140 | 15,863 | 33,242 | ||||||||
| Accumulated income |
37,777 | 88,447 | 37,777 | 79,165 | ||||||||
| Cash for re-investment | 1,908 | 1,908 | ||||||||||
| Maintenance ofChurchyard |
2,373 | 5,556 | 2,373 | 4,973 | ||||||||
| StDevi ds, Laleslon | ||||||||||||
| Chancel mpair fund |
||||||||||||
| Capital | 614 | 1,437 | 614 | 1,285 | ||||||||
| Accumulated income |
705 | 1,651 | 705 | 1,477 | ||||||||
| Cash for re-investmsnt | 163 | 163 | ||||||||||
| 1,029,280 | Suh.total | 165,445 | 1,083,945 | |||||||||
| Held at Church | ||||||||||||
| StMarys, Coity | ||||||||||||
| Maintenance ofgraveyard |
—COIF Charities | |||||||||||
| 21,134 | Investment Fund |
18,677 | ||||||||||
| StTellos, Nerthyr Nawr | 113,131 | 55,140 | ||||||||||
| LGT investment fund |
||||||||||||
| 21 134 | Suh Total | 113,131 | ~73817 | |||||||||
| t,o60,414 | Totals | 55 6 | 55 |
| Merthyr | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ministry | Coity | Nswcast | Igawr | |||||||||
| Area | le | Coychurch | Penyfai | Laleston | Toi | |||||||
| At 1January- | ||||||||||||
| original | 487,550 | 10,676 | 495,2( | |||||||||
| Prior year adjustments | ||||||||||||
| Reclassification | 71,565 | 71,5i | ||||||||||
| Revaluation | 470 165 | 10458 | 4806: | |||||||||
| At 1 January —as adjusted | 1,029,280 | 21,134 | 1,050,4' | |||||||||
| Merger | 9,384 | 19,759 | 133,051 | 3,251 | 113,131 | 278,5' | ||||||
| Income retained | in porffolio | 9,006 | ||||||||||
| Disposals | (1,759) | (1,75 | ||||||||||
| Revaluation | (101,081) | (2,457) | (985) | (1,872) | (13,763) | (326) | (9,991) | (130,47 | ||||
| Capital transfer | to Parish | 48000 | 4800 | |||||||||
| 937205 | 18677 | 8399 | 16128 | 119288 | 2925 | 55140 | 1157Ti | |||||
| Restricted | See Note | 14 | 18,677 | 8,399 | 16,128 | 119,288 | 2,925 | 55,140 | 220,5I | |||
| Restricted | Endowment | 455,954 | 455,9! | |||||||||
| Unrestricted | See Note | 14 | 481 251 | 481,2! | ||||||||
| 937205 | 18677 | 8399 | 16128 | 119288 | 2925 | 55140 | 1 1577I | |||||
| Movementr | ||||||||||||
| Reclass | Revel | Adjusted Smught |
Income | Tmnsler | Useof | Sales | Revel | |||||
| Brought | Fonvard | to | funds | |||||||||
| Forward | Merger | Padsh | ||||||||||
| f | f | f | f | f | f | |||||||
| Restricted | 251,951 | (241,575) | 10,758 | 21,134 | 278,576 | (48,000) | (1,759) | (29,394) | 220,i | |||
| Restricted- | ||||||||||||
| endowrnent | 241,575 | 212,403 | 453,978 | 50,000 | (48,024) | 455,! | ||||||
| Total | ||||||||||||
| Restricted | 251,951 | 223,161 | 475,112 | 278,576 | (48,000) | (1,759) | (77,418) | 676,1 | ||||
| Unrestricted | 246275 | 71 565 | 257462 | 575302 | 9006 | 50000 | 53057 | 481 i | ||||
| Total | 498226 | 71565 | 480 623 | 1050 14 | 278576 | 9096 | 48 | 000 | 1 759 | 130475 | 1 157i |
| 2022 | 2021 | |
|---|---|---|
| 8 | ||
| 9 | 625 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | ||||
| Accruals | 7,561 | 1,140 | ||
| Other creditors | including | tax and social security | 838 | |
| 8,399 | 1,140 |
| 1 Jan | Adjust | Adjusted | Merger | Additions/ | Net Income | 31 Dec | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 Jan 2022 | (Disposals) | /(Expenditure) | 2022 | ||||
| 6 | 6 | 6 | 6 | 6 | ||||
| Restricted | ||||||||
| Fixed Assets | ||||||||
| Investment Property |
116177 | 116177 | ||||||
| Tangible fixed assets - property | ||||||||
| St Davids, Laleston | 30,001 | 3,000 | 27,001 | |||||
| Investments | ||||||||
| Religious Purposes for |
Coity | 241,275 | 212,703 | 453,978 | 50,000 | (48,024) | 455,954 | |
| and Nolton parishes |
||||||||
| endowment | ||||||||
| Maintenance of churchyard |
||||||||
| and buildings: | ||||||||
| St Marys, Coity | 10,676 | 10,458 | 21,134 | (2,457) | 18,677 | |||
| St lltyds, Newcastle | 9,384 | (985) | 8,399 | |||||
| St Crallos, Coychurch | 19,759 | (1,759) | (1,872) | 16,128 | ||||
| All Saints, Penyfai | 133,051 | (13,763) | 119,288 | |||||
| St Davids, Laleston | 3,251 | (326) | 2,925 | |||||
| For use in parish | ||||||||
| StTeilos, Merthyr | Mswr | 113131 | 48000 | 9991 | 55 140 | |||
| Total Investments | 251 951 | 223 161 | 475112 | 278 576 | 77418 | 676511 | ||
| Cash | ||||||||
| Brackla, Coity and |
Nolton | 320,108 | (71,565) | 248,543 | (116,177) | (8,254) | 124,112 | |
| pariishes | ||||||||
| Maintenance of churchyard |
||||||||
| and buildings | ||||||||
| St lltyds, Newcastle | 1,259 | 2,846 | 4,105 | |||||
| StCrellos, Newcastle | 28,896 | 1,028 | 29,924 | |||||
| All Saints, Penyfai St Davids, Laleston |
6,861 970 |
(6,209) (970) |
652 | |||||
| StTeilos, Merthyr | Mawr | 33,228 | 49,759 | (29,952) | 53,035 | |||
| Other spedfic purposes | within | |||||||
| parish | ||||||||
| St Davids, Laleston | 17,900 | (10,692) | 7,006 | |||||
| Transfer cf opening balances |
||||||||
| for use on parish expenditure | ||||||||
| St lltyds, Newcastle | 127,862 | (41,470) | 86,392 | |||||
| StCrallos, Newcastle | 12,867 | (12,867) | ||||||
| A8 Saints, Penyfai | 47,686 | (18,991) | 25,695 | |||||
| St Davids, Laleston | 20,080 | (20,080) | ||||||
| StTeilcs, Merthyr | Mewr | 9634 | 6209 | 3425 | ||||
| Total Cash | 320108 | 71565 | 248 543 | 307243 | 86418 | 152020 | 337348 | |
| Total Restricted | 572059 | 151596 | 723655 | 615820 | 50000 | 232438 | 1157037 | |
| Unrestricted | ||||||||
| Investment properly |
447,500 | 447,500 | 447,500 | |||||
| Tangible fixed assets |
100,000 | 100,000 | 100,000 | |||||
| property | ||||||||
| Investrnenis | 246,275 | 329,027 | 575,302 | (50,000) | (44,051) | 481,251 | ||
| Cash | 102,107 | 102,107 | 17,903 | 120,010 | ||||
| Debtors/creditors | 1 140 | I 140 | 2 366 | 1 226 | ||||
| Total unrestricted | 347 242 | 876527 | 1 223769 | 50000 | 23782 | 1 149987 | ||
| Total | 919301 | 1 028 123 | 1 947424 | 615820 | 258220 | 2,307024 |
| tatement | ofFinancial | Position | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Original | Reclsssificstion | Property | Investment | Adjusted | |||||
| Market | |||||||||
| Value | |||||||||
| 5 | 5 | ||||||||
| Tangible Fixed Assets | 100,000 | 100,000 | |||||||
| Investment | Properties | 447,500 | 447,500 | ||||||
| Investments | 498,226 | 71,565 | 480,623 | 1,050,414 | |||||
| Cash | 422,215 | (71,565) | 350,650 | ||||||
| Creditors dus within one | (1,140) | (1,140) | |||||||
| year | |||||||||
| 919301 | 547 | 500 | 480623 | 1 947 424 | |||||
| Funds | |||||||||
| Restricted | 572,059 | (71,565) | 223,161 | 723,655 | |||||
| Unrestricted | 347242 | 71565 | 547 | 500 | 257462 | 1 223 769 | |||
| 919301 | 547 | 500 | 480623 | 1 947424 | |||||
| tatement | of Financial | Activities | |||||||
| Original | Parish | Investment | Accruals | Revaluation | Adjusted | ||||
| Share | Income | in year | |||||||
| Rebate | E | ||||||||
| E | E | ||||||||
| Income | 192,229 | (40,319) | 135,701 | ||||||
| Expenditure | 185,459 | 40,319 | 67 | 145 207 | |||||
| 6,770 | (16,209) | (67) | (9,506) | ||||||
| Investment | 16,209 | 16,209 | |||||||
| Income | |||||||||
| Gains on | 144,260 | 144,260 | |||||||
| revaluation | of | ||||||||
| investments | |||||||||
| 6,770 | (67) | 144,260 | 150,963 |