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|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|
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|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|||||||||
##
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|||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||||||||
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|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|
##
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##
##
##
|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|
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##
|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|
##
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##
|||||||||||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||
##