2022-12-31-accounts - The Rectorial Benefice Of Margam

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Report ofthe Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements	5-11

				Unrestricted	Funds	Restricted	TOTAL 2022	TOTAL 2021
			Note			Funds
				General	Designated
				F	6		K	5
Incoming Resources
Voluntary Income			2	258,695		101,742	360,436	271,617
General Income			3	150,020			150,020	52,553
Investment Income			4	56,838	(3,951)	(49,120)	3,767	84,069
Total Incoming Resources				465,552	(3,951)	52,622	514,224	408,239
Resources Expended
Costs ofgenerating funds:
Costs ofgenerating voluntary		income		28,023			28,023
Chadtable activities			5	407,793		62,734	470,527	320,029
Total Resources Expended				435,816		62,734	498,550	320,029
Net Incoming/(Outgoing)	Resources
Before Transfers				29,736	(3,951)	(10,112)	15,673	88,210
Transfers between funds			11	(20,000)		20,000
Net Incoming/(Outgoing)	Resources
Before Other Recognised	Gains 8
Losses				9,736	(3,951)	9,888	15,673	88,210
Other Recognised Gains &	Losses
Net Movement in Funds				9,736	(3,951)	9,888	15,673	88,210
Reconciliation ofFunds
Total funds brought forward				209,772	231,409	830,715	1,271,897	1,183,687
Total Funds Carried Forward				219,509	227,459	840,603	1,287,571	1,271,897

Voluntary income
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
				2022	2021
		General Designated
Donations
Planned giving Loose collections Charitable giving Wedding, Baptism Trecco Bay Church	5Funeral fees Funding	101,055 22,958 2,969 18,495	1,690 2,918	102,745 22,958 5,886 18,495	105,452 18,792 1,829 17,450
Grant Fundinq Other Donations Tax refunds		59.742 22,438 31,038	9,719 87,415	69,461 109,853 31,038	91,928 13,167 23,000
		258,695	101,742	360,436	271,617

Incoming Resources from Activities for Generating Funds	Incoming Resources from Activities for Generating Funds	Incoming Resources from Activities for Generating Funds	Incoming Resources from Activities for Generating Funds	Incoming Resources from Activities for Generating Funds
			Unrestricted			Restricted	Total	Total
			Funds			Funds	Funds	Funds
							2022	2021
			General 6	Designated 6				f
StJohn's Church, Porthcawl St David's Church, Porthcawl			9,665 401				9,665 401	230
Afi Saints Church, Porthcawl StTheodore Church, Kenfig	Hill		100 3,682				100 3,682	1,428 338
Pyle & Kenfig Churches St Mary, Margam Abbey StJohn Schoolroom, Porthcawl Afi Saints' Hall, Porthcawl St David's Hall, Porthcawl			7,805 3,950 2,294 7,484 10,710				7,805 3,950 2,294 7,484 10,710	2,907 535 3,675 10,079
Pyle &Kenflg Church Halls St Mary's Church Hall, Margam		Abbey	2,335 790				2,335 790	365
Kenfig Hill Community Shop 200 Club, Porthcawl 100Club, Pyle & Kenfig			23,941 1,818 1,593				23,941 1,818 1,593	28,904 (500) 1,704
Porthcawl Magazine			1,380				1,380	1,069
Other money raising activities			72,074				72,074	1,814
			150,020				150,020	52,553
Investment Income
			Unrestricted			Restricted	Total	Total
			Funds			Funds	Funds	Funds
							2022	2021
			General	Designated
				6
Rental income			12,025				12,025	19,573
Bank interest receivable Insurance claims Sale ofassets			2,126 42,686		71	1.306	3,503 42,686	1,912
Investment income Profit on disposal offund units						10,066 24,960	10,066 24,960	(17,764)
(Decrease)fincrease in market ofinvestments	value			(4.022)		(85,451)	(89,473)	80,349
			56 838	3	951)	(49,120	3,767	54,069
Costs ofCharitable Activities by Fund Type
			Unrestricted			Restricted	Total	Total
			Funds			Funds	Funds	Funds
							2022	2021
			General 6	Designated f		6		6
Ministry - Quota			193,014				193,014	149,799
Ministry —Quota refunds Ministry - Other			(7,337)				(7,337)	(28,046) 900
Clergy expenses			12,816				12,816	12,316
Cost ofchurch activiTies (Note I2)			198,744			59,831	258,575	183,006
Charitable giving			10,555			2,904	13,459	2,054
			407,793				470,527	320,029

Tangible Fixed Assets
	Land &	Total
	Buildings
	E
Cost
At 01 January2022	120,000	120,000
Additions
Disposals
At 31 December2022	120,000	120,000
Net BookValue
At 31 December 2022	120,000	120,000

The Representative Body ofthe Church in Wales Common Investme Dr Ethel Grace Davies Deceased Bequest	nt Fund
	2022	2021
	E	E
Market value at 01 January 2022	574,269	511,684
Investment income Cost of investment Profit on disposal offund units	9,323 24,960	8,649 (26,413)
Paid to parish funds
(Decrease)/increase in market value offund units	(85,430)	80,349
Market value at 31December 2022	523,122	574,269

Investments (continued)
The Representative Body ofthe Church	in Wales Common	Investment	Fund
The Estate ofCanon Godfrey James				2022 6	2021f
Market value at 01 January 2022
Investment income				742
Other income				70,000
Paid to parish funds
(Decrease)/increase in market value offund units				(4,043)
Market value at 31 December 2022				66,699

Analysis ofinvestments between funds
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
			2022	2021
	General Designated F		6	f
RBCW Trust - Dr Ethel Grace Davies	34,303	488,820	523,122	574,269
Treasury War Stocks		50	50	50
RBCW Trust - Canon Godfrey James		66,699	66,699
	34,303	555,569	589,872	574,319

Statement ofFunds
		Bal b/fwd	Incoming	Resources	Transfers	C/fwd
			Resources	Expended	Between
					Reserves
					f.
Unrestricted Funds
GeneralFunds		209,772	465,552	(435,816)	(20,000)	219,509
Designated Funds
David Glen Evans Trust Fund StJohn Baptist Churchyard Fund		38,325 7,307	(4,022) 71			34,303 7,378
Margam Abbey		65,778				65,778
Clergy Properties		120,000				120,000
Total unrestricted funds		441,182	461,601	(435,816)	(20,000)	446,967
Restricted Funds
St John's Building Fund Afi Saints' Building Fund St David's Building Fund StJohn Baptist Churchyard Ths Colwefi/Parker Fund	Trust	17,755 3,755 8,222 10,072 74,288	16,408 504 67 (1,057) 919	(32,167)	20,000	1,995 4,259 8,289 9,015 95,207
Dr Ethel Devise - Vineries		525,872	(46,068)			479,805
StTheodore's Building Fund StTheodore's Mission Fund		1,200 30				1,200 30
Canon Godfrey James Trust Fund St Mary Magdalene Building Fund St Mary Magdalene Graveyard Fund StJames Building Funds StJames Graveyard Fund		42,122 1,287 59,320 1,287	66,699 'l,747	(5,950)		66,699 37,919 1,287 59,320 1,287
Pyle & Kenfig Community Account		60,828				60,828
Margam Abbey Organ Fund		23,299	765	(21,713)		2,350
Ministry Area Mission Fund			9,719			9,719
Charitable Funds		1,379	2,918	(2,904)		1,393
Total restricted funds		830,715	52,622	(62,734)	20,000	840,603
Total Funds		1,271,897	514,224	498,550)		1,287,571

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
			General Designated
			6 6
Maintenance ofServices
Altar requisites			2,168		2,168	485
Organists, choirs, sacristans Other music expenses Cleaning Heat &Light Other services 100Club			5,722 18,821 1,441 22,889 5,012 760	21,713 5,950	5,722 40,535 1,441 22,889 10,962 760	2,438 6,127 2,021 24,597 6,204 660
			56,813	27,663	84,476	42,531
Church Maintenance
Insurance St John's All Saints St David's StTheodore's StJames StMary Magdalene Margam Abbey			4,879 11,779 5,527 3,268 19,121 2,912 4,003 13,302	6,533	4,879 18,312 5,527 3,268 19,121 2,912 4,003 13,302	6,073 7,085 6,162 940 71,183 2,167 3,573
			64,792	6,533	71,325	97,182
Property Maintenance
StJohn's Schoolroom StJohn's Churchyard			9,064	25,634	34,698	352 555
All Saints' Hall St David's Hall			3,823		3,823
StTheodore other property			1,215		1,215	605
Kenfig Hill Community		Shop	6,395		6,395	6,144
Pyle &Kenfig Church Margam Church Hall	Hall		4,462 7,168		4,462 7,168	6,357
Clergy Houses			3,744		3,744	3,594
			35,871	25,634	61,506	17,607
General Parish Expenses
Printing &stationery Other expenses Independent examiner's		fees	6,885 33,483 900		6,885 33,483 900	2,380 22,406 900
			41,268		41,268	25,686
			198,744	59,831	258,575	183,006