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2022-08-31-accounts
| Active Circuit Ministers |
Rev Dr Stephen Wigley (Titular |
Rev Dr Stephen Wigley (Titular |
Superintendent) |
(to31August 2022) |
|
Rev Lorette Hinson |
|
|
|
|
Rev Carole Challis |
(0.4FTE) |
(to 31August 2022) |
|
|
Rev Hugh-Jphn
Wilson (0.2FTE) |
|
|
|
|
Deacon Jonathan Miller |
|
|
|
| Law Worker (Pastoral) |
Mrs Diane Hodson |
(p/t) |
|
|
| Circuit Stewards |
Mrs Margaret Birch |
|
|
|
|
Miss Sharon Knox |
|
|
|
|
Mrs Hazel Towle |
|
|
|
|
Mr lan Ledgard |
|
|
|
|
Mrs Ann Maggs |
|
|
|
| Administrator |
Mrs Emily James |
(to 28 February 2023) |
|
|
| Trustees |
|
|
| Rev KHays |
Appointed |
1 September 2022 |
| Rev GHays |
Appointed |
1 September 2022 |
| SAmor |
Appointed |
1 September 2021 |
| D Morris |
Appointed |
1 September 2021 |
| R Smith |
|
|
| D Hodson |
|
|
| M Birch |
|
|
| M Thomas |
|
|
| M Moules |
|
|
| A Sainuel |
|
|
| A Lewin |
|
|
| H Towle |
|
|
| JBirch |
|
|
| SDetunan |
|
|
| GDavies. |
|
|
| M Evans |
|
|
| N Williams |
|
|
| ILedgard |
|
|
| EGrifilths |
|
|
| ALaws |
|
|
| M Davies |
|
|
| P Barkley |
|
|
| RevLHinson |
|
|
| LWilson |
|
|
| Rev H Wilson |
|
|
| M Bird |
|
|
|
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
|
|
|
|
|
Unrestricted |
Restricted |
Endowtnent |
Total |
Total |
|
|
|
|
|
|
funds |
funds |
fund |
funds |
funds |
|
|
|
|
|
Notes |
|
|
8 |
f |
f |
| INCOME |
AND |
|
|
|
|
|
|
|
|
|
| ENDOWMENTS |
|
|
FROM |
|
|
|
|
|
|
|
| Donations |
and legacies |
|
|
|
|
515 |
|
|
515 |
212,725 |
| Charitable |
activities |
|
|
|
|
|
|
|
|
|
| General |
|
|
|
|
|
130,336 |
58,050 |
|
188,386 |
197,076 |
| Investment |
income |
|
|
|
|
20,516 |
|
|
20,516 |
18,332 |
| Other income |
|
|
|
|
|
1,247 |
|
|
1,247 |
|
| Total |
|
|
|
|
|
152,614 |
58,050 |
|
210,664 |
428,133 |
| EXPENDITURE |
|
|
ON |
|
|
|
|
|
|
|
| Raising funds |
|
|
|
|
|
12,680 |
|
|
12,680 |
4,241 |
| Charitable |
activities |
|
|
|
|
|
|
|
|
|
| General |
|
|
|
|
|
195,976 |
46,566 |
|
242,542 |
300,286 |
| Total |
|
|
|
|
|
208,656 |
46,566 |
|
255,222 |
304,527 |
| Net gains/(losses) |
|
on |
|
|
|
|
|
|
|
|
| investments |
|
|
|
|
|
(3) |
|
(126) |
(129) |
10 |
| NKT |
|
|
|
|
|
|
|
|
|
|
| INCOME/(EXPENDITURE) |
|
|
|
|
|
(56,045) |
11,484 |
(126) |
(44,687) |
123,616 |
| RECONCILIATION |
|
|
|
OF |
|
|
|
|
|
|
| FUNDS |
|
|
|
|
|
|
|
|
|
|
| Total funds |
brought |
|
forward |
|
|
1,280,651 |
22,899 |
3,774 |
1,307,324 |
1,183,708 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
|
|
|
|
| FORWARD |
|
|
|
|
|
1,224,606 |
34,383 |
3,648 |
1,262,637 |
1,307,324 |
|
|
|
|
|
31.8.22 |
31.8.21 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
fund |
funds |
funds |
|
Notes |
|
|
|
f |
8 |
| FIXEDASSETS |
|
|
|
|
|
|
| Tangible assets |
11 |
430,255 |
|
|
430,255 |
655,027 |
| Investments |
|
|
|
|
|
|
| Investments |
12 |
|
|
3,648 |
3,648 |
3,774 |
Investment
property |
13 |
305,000 |
|
|
305,000 |
305,000 |
|
|
735,255 |
|
3,648 |
738,903 |
963,801 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
14 |
25,174 |
|
|
25,174 |
21,469 |
| Investments |
15 |
377,610 |
|
|
377,610 |
215,523 |
| Cash at bank |
|
120,596 |
34,383 |
|
154,979 |
136,679 |
|
|
523,380 |
34,383 |
|
557,763 |
373,671 |
| CREDITORS |
|
|
|
|
|
|
Amounts
falling due within one |
|
|
|
|
|
|
| year |
16 |
(34,029) |
|
|
(34,029) |
(30,148) |
| NET CURRENT ASSETS |
|
489,351 |
34,383 |
|
523,734 |
343,523 |
| TOTAL ASSETSLESS |
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
1,224,606 |
34,383 |
3,648 |
1,262,637 |
1,307,324 |
| NET ASSETS |
|
1,224,606 |
34,383 |
3,648 |
1,262,637 |
1,307,324 |
| FUNDS |
17 |
|
|
|
|
|
Unrestricted
funds |
|
|
|
|
1,224,606 |
1,280,651 |
| Restricted funds |
|
|
|
|
34,383 |
22,899 |
Endowment
funds |
|
|
|
|
3,648 |
3,774 |
| TOTAL FUNDS |
|
|
|
|
1,262,637 |
1,307,324 |
|
DONATIONS |
AND LE |
GACIES |
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Donations |
|
|
515 |
199,725 |
|
Grants |
|
|
|
13,000 |
|
|
|
|
515 |
212,725 |
|
Grants received, |
included |
in the above, are as follows: |
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Pembrokeshire |
County Council - Covid-19 grant |
|
|
13,000 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Rents received |
|
|
18,857 |
17,691 |
|
Dividend
income |
|
|
10 |
7 |
|
Deposit accountinterest |
|
|
1,649 |
634 |
|
|
|
|
20,516 |
18,332 |
| 4. |
INCOME |
F |
ROM CHA |
RIT |
A |
BLE |
ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
|
|
|
|
|
Activity |
|
|
|
|
|
Assessments |
|
on churches |
|
|
General |
|
|
130,336 |
138,056 |
|
Grants |
|
|
|
|
General |
|
|
58,050 |
59,020 |
|
|
|
|
|
|
|
|
|
188,386 |
197,076 |
|
Grants received, included |
|
|
in the |
|
above, are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Synod Wales |
|
|
|
|
|
|
|
13,525 |
13,260 |
|
Methodist |
Church Fund Connextionat |
|
|
|
|
grant |
|
13,525 |
13,260 |
|
Clychdaith |
Cymru |
|
|
|
|
|
|
13,000 |
13,000 |
|
Synod Cymru |
|
|
|
|
|
|
|
13,000 |
13,000 |
|
Wales Synod |
|
ofthe Methodist |
|
Church |
|
|
|
5,000 |
6,500 |
|
|
|
|
|
|
|
|
|
58,050 |
59,020 |
| 5. |
CHARITABLE ACTIVITIES |
|
|
|
|
COSTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Support |
|
|
|
|
|
|
|
|
|
Direct |
costs (see |
|
|
|
|
|
|
|
|
|
Costs |
note 7) |
Totals |
|
|
|
|
|
|
|
|
6 |
|
|
|
General |
|
|
|
|
|
|
277,612 |
(35,070) |
242,542 |
| 6. |
GRANTS |
PAYABLE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Grants to institutions |
|
|
|
|
|
|
|
|
13,000 |
| 7, |
SUPPORT COSTS |
|
|
|
|
|
|
|
Management |
Finance |
Totals |
|
|
|
45,030 |
(80,100) |
(35,070) |
| 8. |
TRUSTEES' REMUNERATION |
AND BENEFITS |
|
|
|
| During the year 5 tru |
stees received travel e |
xpenses totaBing &l,830(2021:2 tru |
stees received f1, |
363). |
| STAFF COSTS |
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
|
|
f |
I |
| Wages and salaries |
|
|
89,154 |
113,694 |
| Social security costs |
|
|
5,690 |
9,675 |
| Other pension costs |
|
|
33,207 |
27,464 |
|
|
|
128,051 |
150,833 |
| The average monthly |
number ofemployees |
during the year was as follows: |
|
|
|
|
|
31.8.22 |
31.8.21 |
| Etnployees |
|
|
3 |
4 |
| COMPARATIVES FORTHE STATEMENT |
COMPARATIVES FORTHE STATEMENT |
OFFINANCIAL |
ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
fund |
funds |
| INCOME |
AND ENDOWMENTS I'ROM |
|
|
|
|
| Donations |
snd legacies |
212,725 |
|
|
212,725 |
| Charitable |
activities |
|
|
|
|
| General |
|
138,056 |
59,020 |
|
197,076 |
| Investment |
income |
18,332 |
|
|
18,332 |
| Total |
|
369,113 |
59,020 |
|
428,133 |
| 10. |
COMPARATIVES FOR THE STATEMENT |
COMPARATIVES FOR THE STATEMENT |
OFFINANCIAL |
ACTIVITIES - continued |
ACTIVITIES - continued |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
|
funds |
funds |
fund |
funds |
|
|
|
|
6 |
|
|
|
EXPENDITURE ON |
|
|
|
|
|
|
Raising funds |
|
4,241 |
|
|
4,241 |
|
Charitable
activities |
|
|
|
|
|
|
General |
|
252,727 |
47,559 |
|
300,286 |
|
Total |
|
256,968 |
47,559 |
|
304,527 |
|
Net gains on investments |
|
|
|
|
10 |
|
NET INCOME |
|
112,150 |
11,461 |
5 |
123,616 |
|
RECONCILIATION |
OF FUNDS |
|
|
|
|
|
Total funds brought
forward |
|
1,168,501 |
11,438 |
3,769 |
1,183,708 |
|
TOTAL FUNDS CARRIED FORWARD |
|
1,280,651 |
22,899 |
3,774 |
1,307,324 |
| 11. |
TANGIBLE FIXEDASSETS |
|
|
|
|
|
|
|
|
|
|
Fixtures |
|
|
|
|
|
Freehold |
and |
|
|
|
|
|
property |
fittings |
Totals |
|
|
|
|
6 |
|
|
|
COST |
|
|
|
|
|
|
At 1 September 2021 |
|
|
738,615 |
37,000 |
775,615 |
|
Disposals |
|
|
(230,000) |
(17,000) |
(247,000) |
|
At 31 August 2022 |
|
|
508,615 |
20,000 |
528,615 |
|
DEPRECIATION |
|
|
|
|
|
|
At 1 September 2021 |
|
|
87,588 |
33,000 |
120,588 |
|
Charge for year |
|
|
14,772 |
|
14,772 |
|
Eliminated
on disposal |
|
|
(23,000) |
(14,000) |
(37,000) |
|
At 31August 2022 |
|
|
79,360 |
19,000 |
98,360 |
|
NET BOOK VALUE |
|
|
|
|
|
|
At 31August 2022 |
|
|
429,255 |
1,000 |
430,255 |
|
At 31 August 2021 |
|
|
651,027 |
4,000 |
655,027 |
|
|
|
Listed |
|
|
|
investments |
|
MARKET VALUE |
|
|
|
At 1 September 2021 |
|
3,774 |
|
Disposals |
|
(126) |
|
At 31 August 2022 |
|
3,648 |
|
NET BOOK VALUE |
|
|
|
At 31August 2022 |
|
3,648 |
|
At 31August 2021 |
|
3,774 |
|
There were no investment |
assets outside the UK. |
|
| 13. |
INVESTMENT PROPERTY |
|
|
|
FAIR VALUE |
|
|
|
At 1 September 2021 |
|
|
|
and 31 August 2022 |
|
305,000 |
|
NET BOOK VALUE |
|
|
|
At31August 2022 |
|
305,000 |
|
At 31August 2021 |
|
305,000 |
Investment
property |
has been valued by the trustees rather than an independent |
valuer, using their knowledge |
valuer, using their knowledge |
of |
| local property values. |
|
|
|
|
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
|
|
|
8 |
|
| Other debtors |
|
10,500 |
10,500 |
|
| Prepayments |
|
14,674 |
10,969 |
|
|
|
25,174 |
21,469 |
|
| 15. |
CURRENT ASSETINVESTMENTS |
|
|
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Trustees Interest Fund |
|
|
|
377,610 |
215,523 |
| 16. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE |
|
YEAR |
|
|
|
|
|
|
|
|
31.8.22 |
31.8.21 |
|
Deferred income |
|
|
|
30,214 |
27,778 |
|
Accrued expenses |
|
|
|
3,815 |
2,370 |
|
|
|
|
|
34,029 |
30,148 |
| 17. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
|
between |
At |
|
|
At 1.9.21 |
in |
funds |
funds |
31.8.22 |
|
|
6 |
|
|
|
6 |
|
Unrestricted
funds |
|
|
|
|
|
|
General fund |
1,065,128 |
71,968 |
|
(290,100) |
846,996 |
|
Circuit Model Trust |
184,636 |
(128,008) |
|
290,100 |
346,728 |
|
Designated |
30,887 |
|
(5) |
|
30,882 |
|
|
1,280,651 |
(56,045) |
|
|
1,224,606 |
|
Restricted funds |
|
|
|
|
|
|
Deacon Project |
22,530 |
11,760 |
|
|
34,290 |
|
New People New Places |
369 |
|
(276) |
|
93 |
|
|
22,899 |
11,484 |
|
|
34,383 |
|
Endowment
funds |
|
|
|
|
|
|
Endowment
fund |
3,774 |
|
(126) |
|
3,648 |
|
TOTAL FUNDS |
1,307,324 |
(44,687) |
|
|
1,262,637 |
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
|
resources |
expended |
losses |
in funds |
|
|
|
|
|
8 |
f. |
| Unrestricted |
funds |
|
|
|
|
|
| General fund |
|
|
151,628 |
(79,657) |
(3) |
71,968 |
| Circuit Model Trust |
|
|
842 |
(128,850) |
|
(128,008) |
| Designated |
|
|
144 |
(149) |
|
(5) |
|
|
|
152,614 |
(208,656) |
(3) |
(56,045) |
| Restricted funds |
|
|
|
|
|
|
| Deacon Project |
|
|
53,051 |
(41,291) |
|
11,760 |
| Administrator |
grant |
|
5,000 |
(5,000) |
|
|
| New People |
New Places |
|
(1) |
(275) |
|
(276) |
|
|
|
58,050 |
(46,566) |
|
11,484 |
| Endowment |
funds |
|
|
|
|
|
| Endowment |
fund |
|
|
|
(126) |
(126) |
| TOTAL FUNDS |
|
|
210,664 |
(255,222) |
(129) |
(44,687) |
Comparatives
for movement |
|
in funds |
|
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
|
movement |
between |
At |
|
|
|
At 1.9.20 |
in funds |
funds |
31.8.21 |
| Unrestricted |
funds |
|
|
|
|
|
| General fund |
|
|
1,082,195 |
113,269 |
(130,336) |
1,065,128 |
| Circuit Model Trust |
|
|
55,424 |
(1,156) |
130,368 |
184,636 |
| Designated |
|
|
30,882 |
37 |
(32) |
30,887 |
|
|
|
1,168,501 |
112,150 |
|
1,280,651 |
| Restricted funds |
|
|
|
|
|
|
| Deacon Project |
|
|
9,858 |
12,672 |
|
22,530 |
| Administrator |
grant |
|
80 |
(80) |
|
|
| New People |
New Places |
|
1,500 |
(1,131) |
|
369 |
|
|
|
11,438 |
11,461 |
|
22,899 |
| Endowment |
funds |
|
|
|
|
|
| Endowment |
fund |
|
3,769 |
|
|
3,774 |
| TOTAL FUNDS |
|
|
1,183,708 |
123,616 |
|
1,307,324 |
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
resources |
expended |
losses |
in funds |
|
|
8 |
|
|
|
| Unrestricted |
funds |
|
|
|
|
| General fund |
|
368,667 |
(255,403) |
|
113,269 |
| Circuit Model Trust |
|
341 |
(1,497) |
|
(1,156) |
| Designated |
|
105 |
(68) |
|
37 |
|
|
369,113 |
(256,968) |
|
112,150 |
| Restricted funds |
|
|
|
|
|
| Deacon Project |
|
52,520 |
(39,848) |
|
12,672 |
| Administrator |
grant |
6,500 |
(6,580) |
|
(80) |
| New People |
New Places |
|
(1,131) |
|
(1,131) |
|
|
59,020 |
(47,559) |
|
11,461 |
| Endowment |
funds |
|
|
|
|
| Endowment |
fund |
|
|
|
|
| TOTAL FUNDS |
|
428,133 |
(304,527) |
10 |
123,616 |