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





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|||||Unrestricted|Funds|Restricted|TOTAL 2022|TOTAL 2021|
|---|---|---|---|---|---|---|---|---|
||||Note|||Funds|||
|||||General|Designated||||
|||||F|6||K|5|
|Incoming Resources|||||||||
|Voluntary<br>Income|||2|258,695||101,742|360,436|271,617|
|General Income|||3|150,020|||150,020|52,553|
|Investment<br>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<br>funds:|||||||||
|Costs ofgenerating<br>voluntary||income||28,023|||28,023||
|Chadtable<br>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<br>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<br>Gains &|Losses||||||||
|Net Movement<br>in Funds||||9,736|(3,951)|9,888|15,673|88,210|
|Reconciliation<br>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|





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





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



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|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|



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



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



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|Analysis ofinvestments<br>between funds|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|Funds|Funds|
||||2022|2021|
||General<br>Designated<br>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|





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|Statement ofFunds||||||||
|---|---|---|---|---|---|---|---|
||||Bal b/fwd|Incoming|Resources|Transfers|C/fwd|
|||||Resources|Expended|Between||
|||||||Reserves||
|||||||f.||
|Unrestricted<br>Funds||||||||
|GeneralFunds|||209,772|465,552|(435,816)|(20,000)|219,509|
|Designated<br>Funds||||||||
|David Glen Evans Trust Fund<br>StJohn Baptist Churchyard<br>Fund|||38,325<br>7,307|(4,022)<br>71|||34,303<br>7,378|
|Margam Abbey|||65,778||||65,778|
|Clergy Properties|||120,000||||120,000|
|Total unrestricted<br>funds|||441,182|461,601|(435,816)|(20,000)|446,967|
|Restricted Funds||||||||
|St John's Building<br>Fund<br>Afi Saints' Building<br>Fund<br>St David's Building<br>Fund<br>StJohn Baptist Churchyard<br>Ths Colwefi/Parker<br>Fund|Trust||17,755<br>3,755<br>8,222<br>10,072<br>74,288|16,408<br>504<br>67<br>(1,057)<br>919|(32,167)|20,000|1,995<br>4,259<br>8,289<br>9,015<br>95,207|
|Dr Ethel Devise - Vineries|||525,872|(46,068)|||479,805|
|StTheodore's<br>Building<br>Fund<br>StTheodore's<br>Mission Fund|||1,200<br>30||||1,200<br>30|
|Canon Godfrey James Trust Fund<br>St Mary Magdalene<br>Building<br>Fund<br>St Mary Magdalene<br>Graveyard<br>Fund<br>StJames Building<br>Funds<br>StJames Graveyard<br>Fund|||42,122<br>1,287<br>59,320<br>1,287|66,699<br>'l,747|(5,950)||66,699<br>37,919<br>1,287<br>59,320<br>1,287|
|Pyle & Kenfig Community<br>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<br>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|



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