|||Contents||
|---|---|---|---|
||||Page|
|Legal and administrative||information||
|Trustees
report|||3-5|
|Independent
Examination||report|6-8|
|Statement
offinancial|activities|||
|Balance sheet|||10|
|Notes to the financial|statements||11-16|
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|Towy Community
Church 07
|Towy Community
Church 07
|181660
|181660
|181660
||||||
|---|---|---|---|---|---|---|---|---|---|
|STATEMENT OF FINANCIAL||ACTIVITIES||||for the period|ended 31st December|2022||
||||||Unrestricted|Restricted|Total|||
|||||notes|Funds|Funds|Funds|~tata|aar|
|Incomin
Resources||||3||||||
|Donations,
Legacies &Similar||Incoming||resources||||||
|Donations
Income|||||70,729|41,206|111,935|103,806||
|Grants
received - Unrestricted|||||||||22,084|
|Grants
Received - Restricted||||||38,105|38,105|266,180||
|Incoming
Resources from Operating|||Activities|||||||
|a) in furtherance
ofthe|charity's||objectives|||||||
|Trading
income||||||1,024,367|1,024,367|573,709||
|b) for generating
funds||||||||||
|Fundraising||||||||||
|Investment
Income||||||||||
|Bank Interest
Received||||||33|33|||
|Other Incoming
Resources||||||||||
|Tax Rebate from Covenant/Gift||Aid|||10,752|1,325|12,077||7,692|
|Other income|||||2,713|16,479|19,192||8,602|
|TOTAL INCOMING
RESOURCES|||||84,194|1,121,515|1,205,709|982,073||
|Resources Ex ended||||||||||
|Costs ofgenerating
Funds||||||||||
|Fundraising
Costs||||||||||
|Charitable
Expenditure||||||||||
|Grants/Gifts
in furtherance
of|objectives||||13,514||13,514||7,890|
|Resources
Expended
on
Management|||&|||||||
|Administration
(including
Xcel costs)|||||69,365|1,054,863|1,124,229|835,588||
|Support Costs||||||16,070|16,070||9,909|
|Governance
Costs:||||||||||
|Audit Fees||||||2,500|2,500||2,500|
|Fees for preparation
ofaccounts||||||900|900||900|
|TOTAL RESOURCES EXPENDED|||||82,879|1,074,333|1,157,212|856,787||
|NET INCOMING RESOURCES Before transfers|||||1,315|47,182|48,497|125,286||
|Transfers
Between Funds|||||188|188|0|||
|NET INCOMING RESOURCES After transfers|||||1,127|47,369|48,496|125,286||
|Gains/Losses
on Revaluation|of Fixed Assets|||||||||
|NET MOVEMENT
IN FUNDS|||||1,127|47,369|48,497|125,286||
|Total Funds
Brought
Forward|||||22,858|1,068,928|1,091,786|966,500||
|Total Funds
Carried
Forward|||||23,985|1,116,298|1,140,283|1,091,786||
|Towy Community||Church 07181550|Church 07181550|Church 07181550|Church 07181550|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total||
||||||notes|Funds|Funds|Funds|~test
ear|
|Balance Sheet||||||||||
|as at 31st December|2022|||||||||
|Fixed Assets -Tan|ible|||||||||
|Fixed Assets -Tangible|||||10|2,434|1,336,838|1,339,271|1,332,816|
|Current Assets||||||||||
|Stock|||||||5,895|5,895|2,118|
|Debtors
& Prepayments||||||3,059|27,592|30,651|8„247|
|Bank 8 Cash||||||23,?59|321,577|345,336|349,694|
|||||||26,817|355,065|381,882|360,059|
|Current Liabilities|fallin||due within|1|ear|||||
|Creditors
8 Accruals|||||12|5,266|153,273|158,539|136,641|
|Loan - repayments
due in 1|||year||||83,601|83,601|67,373|
|||||||5,266|236,874|242,140|204,014|
|Net Current Assets||||||21,551|118,191|139,742|156,045|
|Tota I Assets less Current|||Liabilities|||23,985|1,455,029|1,479,014|1,488,861|
|Creditors
Falling due|after 1||year||12||338,732|338,732|397,075|
|Provisions
for Liabilities||8 Charges||||||||
|Total Net Assets||||||23,985|1,116,297|1,140,282|1,091,786|
|Fund Balances||||||||||
|Funds
B/fwd||||||22,858|1,068,928|1,091,786|966,500|
|Net movement
offunds||||||1,127|47,369|48,496|125,286|
|TOTAL FUNDS||||||23,985|1,116,298|"I,140,282|1,091,786|
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||this year|last year|
|---|---|---|
|Wages, Salaries 8 Associated Costs|687906|533659|
|Redundancy
Costs|||
|Purchases
for Resale Xcel|129263|72222|
|Rent, Rates, Light 8 Heat|81972|40355|
|Administration
Costs|89436|65104|
|Repairs 8 Maintenance|20773|35462|
|Travel and subsistence|5692|4450|
|Lease Payments
for Scoring System|5479|4005|
|Bank/HP
Interest and Charges|42006|25643|
|Activity costs|11036|6486|
|Depreciation
8 Loss on Asset Disposal|50668|48202|
|Irrecoverable
Vat|||
||1124229|835588|
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|wing
out ofpocket expenses|were reimbursed
t|
|---|---|
|Mary Bayes|nil|
|David Insull|f.10|
|Lynn Seymour|nil|
|Niall Pickup|nil|
|Paul Griffiths|nil|
|Tim Howells|nil|
|Emyr Jones|nil|
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|Amounts|falling due within|1 year are as follows:||This Year|Last Year|Last Year|
|---|---|---|---|---|---|---|
||HMRC Gift Aid Rebate||F|3,148||576|
||Trade Debtors||F|2 984||58|
||Prepayments|||24,518||7613|
||||E|30651|E|8247|
|12.Creditors and Accruals|||||||
|Amounts|falling due within|1 year are as follows:|||||
|||||This Year|Last Year||
||Trade Creditors||E|67049|F|41,253|
||HMRC —VAT||F|43,524||31,037|
||PAYE, Pension and net pay
rincl. AOE)||F|12,456||8,615|
||Accruals||F|26,144||44,771|
||Accrue Loan Interest||E|9,367|F|10964|
||Bank Loan|||14,032|E|14,141|
||CCC Loan|||34,703|F|34,703|
||CBILS|||29,600|E|17,120|
||Van HP|||5,266|F|1,409|
||||E|242 140|E|204014|
|Amounts|falling due after 1 year are as follows:||||||
||CCC Loan
Bank Loan||F
E|40,702
186,580|f|65,835
200,026|
||CBILS||E|87,734|F|131,213|
|Van HP|||F|23,715||0|
||||E|338732|E|387074|
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|||||Restricted|Restricted|Restricted|Restricted|Restricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|---|
|||||Xcel Bowl,||||||
|||||furniture|Xcel||||General|
||||Total Fund|and HWB|Project|CMA|Foodbank|Youth|Funds|
|Incoming
Funds||||||||||
|Grants
received|||38105|5370||18458|14277|||
|Trading
Income|||1024367|1024367||||||
|Gifts/Donations/Fundraising||recei|39453|3206|||35209||1037|
|Offerings
& Tithes|||72482|||1290|1500||69692|
|Gift Aid Rebate oftax|||12077|||125|1200||10752|
|Profit on Sale ofAssets|||0|||||||
|Other income|||19224|5210|108|45|11149||2713|
||||1205709|1038154|108|19918|63335|0|84194|
|||||1121515||||||
|Expenditure
ofFunds||||||||||
|Costs ofoperating
the|charity||179133||0|19570|77541||82022|
|Xcel Project (Building Phase||2)cos|0||0|||||
|Direct Xcel project running costs|||926798|926798||||||
|Irrecoverable
VAT on project|||0|||||||
|Depreciation|||51280|47464|15|206|2739||857|
||||1157212|974262|15|19776|80280|0|82879|
|||||1074333||||||
|Net movement
offunds|for year||48497|63892|93|142|-16945|0|1315|
|opening
Fund balances|||1091786|910359|48363|825|107918|1464|22858|
|Fund Transfers||||150|||38||-188|
|Closing Fund Balances|||1140282|974400|48455|967|91011|1464|23984|
|Balance Sheet Funds||||||||||
|Fixed Assets|||1339271|1321570|709|917|13642|0|2434|
|less Loans & Mortgages|||-422333|%22333|0|0|0|0|0|
|Stock|||5895|5895||||||
|Debtors
& prepayments|||30651|20449|0|25|7118|0|3059|
|Creditors
& Accruals|||-158539|-145575|0|0|-7698|0|-5267|
|Bank & Cash|||345336|190624|49675|0|81408|1464|22164|
|Internal
bank transfers|pending||0|3769|-1929|25|-3460|0|1595|
||||1140282|974400|48455|967|91011|1464|23984|
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