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2022-12-31-accounts

The Charity Registration Number is :- 1160563

The Glyn Nest Baptist Home

Report and Accounts

31 December 2022

Cross & Bowen Chartered Certified Accountants 11 Calvert Terrace Swansea SA1 6AT

The Glyn Nest Baptist Home Report and accounts

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of Trustees' responsibilities 6
Independent Examiners' Report 7
Funds Statements:-
Statement of Financial Activities 9
Movements in funds 10
Revaluation reserves 10
Revenue Funds 10
Summary of funds 10
Balance sheet 11
Notes to the accounts 12

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

TheTrustees present their Report and Accounts for the year ended 31 December 2022.

Reference and administrative details

The charity name.

The legal name of the charity is :-The Glyn Nest Baptist Home

The charity's areas of operation and UK charitable registration.

The charity is registered in England & Wales with charity number 1160563

Legal structure of the charity

The Governing Document is dated 19 May 1992

The Trustee is The Welsh Baptist Union Corporation Limited (Charity number: 248192)

The principal operating address, telephone number and email and web addresses of the charity are:-

Newcastle Emlyn Carmarthenshire SA38 9BW Telephone 01239 710950 Email Address info@glynnest.co.uk Web address www.glynnest.co.uk

The Trustees in office on the date the report was approved were:-

The Welsh Baptist Union Corporation Limited

The Trustees in office during the year were:-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Corporate Trustees in office on the date the report was approved were:-

Included in the trustees shown above are corporate trustees, and the names of the directors and name of the body corporate concerned on the date the accounts were approved were:-

1

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

Names of Directors of The Welsh Baptist Union Corporation Limited

The directors of corporate trustees who served in the reporting period were as shown below.

Rev. P.M. Thomas Mr. H.B. Tribe Rev. I.C. Roberts Rev. D.M. Owen Mr. F.H. Maull Mr. L. John (deceased 08/08/23) Mr. W. Davies Rev. Judith A. Morris Mr. Glyndwr S. Prideaux Mr. David Evans Rev. I.E. Jones Rev. Susan J. Phillips Miss Aldyth Williams

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The trustees shall stand possessed of the property and all funds and other assets presently held by them for or in connection with the said home together with any accretions thereto and income therefrom and all property for the time being representing the same (hereinafter called 'the trust fund') upon trust to pay or apply the same (without distinction between capital and income) to the charitable work of the Welsh Baptist denomination for the relief of the aged and the relief of the infirm and without prejudice to the generality of the foregoing the establishment and maintenance of residential or other accommodation of any kind and any amenities to be enjoyed in connection or association therewith for the relief of aged and/or infirm persons in need thereof in such form and upon such terms and conditions as the trustees shall from time to time determine until such time as the assemblies shall jointly or if meeting separately shall both otherwise by identical resolution determine and thereafter for such purposes in connection with the promotion of the charitable objects of the union as the assemblies shall jointly or if meeting separately shall both by resolution direct.

The main activities undertaken in relation to those purposes during the year.

The advancement of health or saving of lives through the provision of accomodation and housing, religious activities and recreation to the elderly and people with disabilities.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

2

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

Glyn Nest is able to provide accommodation and care for up to 28 residents, one of these places is a respite bed for short stays. The home does not accept new residents who require bed care, but if the health of the residents deteriorates they are cared for at the home unless a hospital stay is necessary on medical grounds. The residents are also required to move if they fall outside the registration guidelines stipulated by the Registration Unit of the Local Authorities.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The charity's strategies for achieving its aims and objectives in the future.

It is the intention of the committee to keep the home in a good state of repair, internal decoration and furnishing. Because the home is in a Conservation Area there are constraints on alterations which would otherwise be preferable and which make it more difficult and expensive to carry out repairs. It is believed that finance available is more than sufficient to pay for all known repairs. It is the intention of the management to carry out a rolling programme of replacement of furniture and equipment as deemed necessary.

The main achievements and performance of the charity during the year.

The continuing effect of the Coronavirus Pandemic had a significant inpact on the results for the year. Although we are grateful that the fees from the council continued to be supplemented, the level of support was greatly reduced from the previous year. Together with ever increasing costs, this has resulted in a significant operational deficit for 2022. We hope that a return to near full capacity will see a reversal of this trend in 2023. The Management wish to thank all staff for their contribution during this difficult period. The Management continue to monitor the pay structure to encourage future recruitment. The Home makes a special effort to find employment for disabled people. A fully integrated policy of employment training is given to staff and the QCF programme has been adopted. The majority of staff are very loyal and hardworking. This has been demonstrated in staff appraisals, by the voluntary giving of time by staff to fund raising activities and by the reports received from inspectors, visitors and residents.

Staff are encouraged to follow QCF courses and good progress is being made in raising the already good standard of staff competence. There is a good relationship with Coleg Ceredigion and with the Shaw Trust.

Fees to individual residents are closely monitored in accordance with Social Services recommended rates. Income from residents increased by £36,659. Costs continue to be stringently controlled.

3

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

The charity's organisational structure.

On 19th September 2006 the management and administration of the Home was taken over by a company formed specifically for this purpose, namely Glyn Nest Trustee Company Limited, a company limited by guarantee. The directors of this company are:

Mrs. Bronwen Letitia Davies, Mr. Glyndwr S. Prideaux, , The Revd Irfon Caradog Roberts, The Revd Judith A. Morris, Dr. Caroline Margaret Jean Williams, Mrs Mary Elizabeth Roberts, Mrs. Gillian Davies, Mrs. Julie Thorpe, Mr. William Dyfrig Davies (appointed 6th December 2022) and Mrs Marian Irene Phillips (appointed 6th December 2022).

The Company Secretary is Mrs. Bronwen Letitia Davies.

Bankers National Westminster Bank PLC Solicitors Messrs Pothecary Witham Weld Accountants Cross & Bowen

Financial review

The charity's financial position at the end of the year ended 31 December 2022

The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net (expenditure)/income		 2022
£
(149,439)
1,699,945
1,699,945		 2021
£
9,620
1,849,384
1,849,384

Financial review of the position at the reporting date, 31 December 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory, especially given the ongoing challenges of the global Coronavirus pandemic.

Specific changes in fixed assets are detailed in the notes to the accounts.

4

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

Policies on reserves.

It is the charity's policy to hold unrestricted reserves at a level sufficient enough to enable the efficient running of the Home for the foreseeable future.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Employment of disabled persons

The Home makes a special effort to find employment for disabled people.

Details of The Independent Examiner

Mr. N. Davies Chartered Certified Accountant 11 Calvert Terrace Swansea SA1 6AT

5

The Glyn Nest Baptist Home

Trustees' Annual Report for the year ended 31 December 2022

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

TheTrustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the charity legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 18 May 2023.

Revd. Judith A. Morris

Trustee

6

The Glyn Nest Baptist Home

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2022

I report on the financial statements of the charity on pages 9 to 23 for the year ended 31 December 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2015, adapted to meet the needs of unincorporated organisations, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 12.

As described on page 6, the charity's Trustees are responsible for the preparation of the accounts.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing documents of the charity for the conducting of an audit. As a consequence, theTrustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

Basis of Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions issued by the Charity Commission for England & Wales, under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by theTrustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

7

The Glyn Nest Baptist Home

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2022

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRSSE SORP 2015. I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

The gross income of the charity in the year ended 31 December 2022 appears to exceed the sum specified in section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of the Association of Chartered Certified Accountants;

This is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with section 130 of the Charities Act 2011;

when preparing accounts on an accruals basis under s132 of the Charities Act 2011, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the 2015 Regulations setting out the form and content of charity accounts;

that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2015)

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr. N. Davies - Independent Examiner

Chartered Certified Accountant 11 Calvert Terrace Swansea SA1 6AT

This report was signed on 18 May 2023

8

The Glyn Nest Baptist Home - Statement of Financial Activities for the year ended 31 December 2022

Statement of Financial Activities for the year ended 31 December 2022

SORP
Ref
Income & Endowments
Donations & Legacies
A1
Income from charitable activities
A2
Investment income
A4
Other income
A5
Total income
A
Expenditure
Expenditure on charitable activities
B2
Total expenditure
B
Net (expenditure)/income for the year
A-B
Net income after transfers
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2022
£
44,450
746,891
3,391
125
794,857
944,296
944,296
(149,439)
(149,439)
(149,439)
1,849,384
1,699,945		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
44,450
746,891
3,391
125
794,857
944,296
944,296
(149,439)
(149,439)
(149,439)
1,849,384
1,699,945		 Prior Year
Total Funds
2021
£
166,891
710,232
54
621
877,798
868,178
868,178
9,620
9,620
9,620
1,839,764
1,849,384

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 12 to 23 form an integral part of these accounts.

9

The Glyn Nest Baptist Home - Resources applied in the year ended 31 December 2022 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities		 2022
£
(149,439)
(78,672)
(228,111)		 2021
£
9,620
(16,403)
(6,783)

The Glyn Nest Baptist Home

Movements in revenue and capital funds for the year ended 31 December 2022

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before transfers		 Unrestricted
Restricted
Total
Last year
Funds
Funds
Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
1,849,384
-
1,849,384
1,839,764
(149,439)
-
(149,439)
9,620
1,699,945
-
1,699,945
1,849,384
Unrestricted
Restricted
Total
Last Year
Funfs
Funds
Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
1,699,945
-
1,699,945
1,849,384

The notes attached on pages 12 to 23 form an integral part of these accounts.

10

The Glyn Nest Baptist Home

Balance Sheet as at 31 December 2022

Notes SORP
Ref
Fixed assets
A
Tangible assets
9 A2
Current assets
B
Stocks
B1
Debtors
10 B2
Cash at bank and in hand
B4
Creditors: amounts falling due within
one year
11 C1
Net current assets
The total net assets of the charity
Restricted funds
Unrestricted Revenue Funds
14 D3
Total charity funds
The total net assets of the charity are funded by the
Net assets		 2022
2021
£
£
1,430,783
1,368,179
4,600
4,600
23,114
29,970
354,350
474,804
382,064
509,374
(112,902)
(28,169)
269,162
481,205
1,699,945
1,849,384
1,699,945
1,849,384
1,699,945
1,849,384
1,699,945
1,849,384
funds of the charity, as follows:-

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the examiner is on page 8.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Revd. Judith A. Morris

Trustee

Approved by the board of trustees on 18 May 2023

The notes attached on pages 12 to 23 form an integral part of these accounts.

11

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Policies relating to categories of income and income recognition.

Nature of income

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Donated goods, facilities and services

Donated fixed assets are recognised at there current market value.All such donations are recognised as donation income, and debited to fixed assets.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Staffing - on the basis of time spent in connection with any particular activity.

Staffing - on a per capita basis, based on the number of of people employed within any partiular activity.

Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

12

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2022

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 0 % straight line Plant and machinery 15 % reducing balance

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Workplace Pension

The company operates a workplace pension. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Liability to taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net (deficit)/surplus before tax in the financial year

Depreciation of owned fixed assets
Pension costs
The net (deficit)/surplus before tax in the financial year is stated after charging:-		 2022
£
16,068
9,128		 2021
£
18,882
9,049

13

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2022

5 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees
Employer's National Insurance
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
Employer's operating costs of workplace pension		 2022
£
645,740
46,067
9,128
700,935
2022
32		 2021
£
612,440
39,029
9,049
660,518
2021
32

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

6 Workplace pension

The charity operates a workplace pension scheme, the costs of which are shown above.

7 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

8 Trustees' expenses

The expenses reimbursed to trustees, or paid directly to third parties, in the current or prior year, was as shown below.

2022 2021
£ £
The amount reimbursed to trustees 639 401

The nature of the trustees' expenses was travelling expenses.

14

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2022

9 Tangible fixed assets

Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
10
Debtors
Trade debtors
Prepayments and accrued income
Other debtors
11
Creditors: amounts falling due within one year
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors
12
Income and Expenditure account summary
At 1 January 2022
(Loss)/surplus after tax for the year
At 31 December 2022		 Land and
Buildings
£
1,267,301
71,740
1,339,041
-
-
-
1,339,041
1,267,301		 Plant &
Machinery
£
519,068
6,932
526,000
427,374
13,772
441,146
84,854
91,694		 Motor
Vehicles
£
12,500
-
12,500
3,316
2,296
5,612
6,888
9,184
2022
£
12,748
10,066
300
23,114
2022
£
15,795
5,514
12,968
78,625
112,902
2022
£
1,849,384
(149,439)
1,699,945		 Total
£
1,798,869
78,672
1,877,541
430,690
16,068
446,758
1,430,783
1,368,179
2021
£
18,914
10,756
300
29,970
2021
£
7,519
4,614
12,348
3,688
28,169
2021
£
1,839,764
9,620
1,849,384

15

The Glyn Nest Baptist Home

Notes to the Accounts for the year ended 31 December 2022

13 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2022
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
At 1 January 2022
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities		 Unrestricted
funds
£
1,430,783
-
382,064
(112,902)
1,699,945
Unrestricted
funds
£
1,368,179
-
509,374
(28,169)
1,849,384		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-
-		 Total
Funds
£
1,430,783
382,064
(112,902)
1,699,945
Total
Funds
£
1,368,179
509,374
(28,169)
1,849,384

14 Change in total funds over the year as shown in Note 13 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted revenue funds
Total unrestricted and designated funds
Total charity funds		 £
1,849,384
1,849,384
1,849,384
Funds brought
forward from
2021		 £
(149,439)
(149,439)
(149,439)
Movement in
funds in 2022		 £
-
-
-
Transfers
between
funds in 2022		 £
1,699,945
1,699,945
1,699,945
Funds carried
forward to
2023

15 Analysis of movements in funds over the year as shown in Note 14

Unrestricted and designated funds:-
Unrestricted revenue funds		 Income
2022
£
794,857
794,857		 Expenditure
2022
£
(944,296)
(944,296)		 Other
Gains &
Losses
2022
£
-
-		 Movement
in funds
2022
£
(149,439)
(149,439)

16

The Glyn Nest Baptist Home Notes to the Accounts for the year ended 31 December 2022

Unrestricted and designated funds:-

Unrestricted revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

17

The Glyn Nest Baptist Home

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

17 Donations and Legacies

Donations and gifts from individuals
Revenue grants from government and public bodies
Total Donations and Legacies
A1
Income from charitable activities - Trading Activities
Primary purpose and ancillary trading
Total income from charitable trading
Total from charitable activities
A2
Total public sector revenue grants
Council grant re COVID
Total Income from charitable activities
Total donations and gifts from individuals
Bethlehem, Cemaes, Sir Fon
League of Friends, Awel Deg Llandyssul
Small donations individually less than £1000
Residential care fees
Total Primary purpose and ancillary trading		 Current year
Unrestricted
Funds
2022
£
23,822
-
-
23,822
20,628
20,628
44,450
Current year
Unrestricted
Funds
2022
£
746,891
746,891
Current year
Unrestricted
Funds
£
2022
746,891
746,891		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
£
2022
-
-		 Current year
Total Funds
2022
£
23,822
-
-
23,822
20,628
20,628
44,450
Current year
Total Funds
2022
£
746,891
746,891
Current year
Total Funds
£
2022
746,891
746,891		 Prior Year
Total Funds
2021
£
16,573
5,000
3,623
25,196
141,695
141,695
166,891
Prior Year
Total Funds
2021
£
710,232
710,232
Prior Year
Total Funds
£
2021
710,232
710,232

18 Income from charitable activities - Trading Activities

19 Total Income from charitable activities

18

The Glyn Nest Baptist Home

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

20 Investment income

Bank Interest Receivable
Total investment income
A4
21 Other income and gains
Summary of Other income
A5
22 Expenditure on charitable activities - Direct spending
Total direct spending
B2a
Gross wages and salaries - charitable activities
Sundry other income
Repairs and renewals
Total other income
Employers' NI - Charitable activities
Defined contribution pension costs - charitable activities
Staff training
Temporary Staff - Charitable Activities
Insurance
Telephone
Heating and lighting
Household and medical expenses
Sundries
Rates and water
Food and cleaning		 Current year
Unrestricted
Funds
2022
£
3,391
3,391
Current year
Unrestricted
Funds
2022
£
125
125
Current year
Unrestricted
Funds
2022
£
620,837
46,067
9,128
24,903
2,973
6,384
2,558
41,134
34,313
31,603
159
9,980
35,263
865,302		 Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
3,391
3,391
Current year
Total Funds
2022
£
-
125
125
Current year
Total Funds
2022
£
620,837
46,067
9,128
24,903
2,973
6,384
2,558
41,134
34,313
31,603
159
9,980
35,263
865,302		 Prior Year
Total Funds
2021
£
54
54
Prior Year
Total Funds
2021
£
621
621
Prior Year
Total Funds
2021
£
571,340
39,029
9,049
41,100
1,153
5,712
2,745
37,665
24,249
23,276
404
9,427
25,585
790,734

19

The Glyn Nest Baptist Home

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

23 Support costs for charitable activities

Current year
Current year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
Employee costs not included in direct costs
10,010
-
49
-
Premises Expenses
710
-
3,813
-
3,918
-
1,109
-
Administrative overheads
284
-
5,110
-
11,765
-
2,000
-
5,660
-
Professional fees paid to advisors other than the auditor or examiner
12,892
-
Financial costs
767
-
16,068
-
Support costs before reallocation
74,155
-
Total support costs
74,155
-
The basis of allocation of costs between activities is described under accounting policies
Sundry expenses
Admin fees
BUW - financial support
Other legal and professional
Training and welfare - staff
Bank charges
Depreciation & Amortisation in total for the period
Rates and water charges
Property insurance
Premises repairs, renewals and
Light heat and power
Stationery and printing
Telephone, fax and internet
Recruitment expenses		 Current year
Total Funds
2022
£
10,010
49
710
3,813
3,918
1,109
284
5,110
11,765
2,000
5,660
12,892
-
-
767
16,068
74,155
74,155		 Prior Year
Total Funds
2021
£
9,812
-
634
2,694
2,843
1,048
305
5,546
12,531
2,000
5,489
10,561
768
18,882
73,113
73,113

20

The Glyn Nest Baptist Home

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

24 Other Expenditure - Governance costs

Independent Examiner's fees
Trustees' expenses
Total Governance costs
Total Charitable expenditure
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2022
£
4,200
639
4,839
Current year
Unrestricted
Funds
2022
£
865,302
74,155
4,839
944,296		 Current year
Restricted
Funds
2022
£
-
-
-
Current year
Restricted
Funds
2022
£
-
-
-
-		 Current year
Total Funds
2022
£
4,200
639
4,839
Current year
Total Funds
2022
£
865,302
74,155
4,839
944,296		 Prior Year
Total Funds
2021
£
3,930
401
4,331
Prior Year
Total Funds
2021
£
790,734
73,113
4,331
868,178

25 Total Charitable expenditure

21

The Glyn Nest Baptist Home

Activity analysis of Income and expenditure for the for the year ended 31 December 2022

This analysis is classsified by activity and not by conventional nominal descriptions.

26 Analysis of income by activity
SOFA ref
Residential Care Services
A2
Summary of Total Income, including the items above
Charitable activities
A2
Donations & Legacies
A1
Investment income
A4
Other income
A5
Total income as shown in the SOFA
A
Categories of income
Income from non exchange transactions
Income from exchange transactions
27 Analysis of charitable expenditure by activity
Direct costs
2022
£
Residential Care Services
Direct costs
865,302
Employee costs not included in direct costs
-
Premises expenses
-
Administrative overheads
-
Professional fees
-
Financial costs
-
865,302
Activity
Income from charitable activities
Total Income from charitable activities
Activity
Total Residential Care Services		 2022
£
Support costs
2022
£
-
10,059
9,550
24,819
12,892
16,835
74,155		 2022
£
746,891
746,891
746,891
44,450
3,391
125
794,857
-
794,857
794,857
Grant
funding of
activities
2022
£
-
-
-
-
-
-
-		 2021
£
Total
2022
£
865,302
10,059
9,550
24,819
12,892
16,835
939,457		 2021
£
710,232
710,232
710,232
166,891
54
621
877,798
-
877,798
877,798
Total
2021
£
790,734
9,812
7,219
25,871
10,561
19,650
863,847

22

The Glyn Nest Baptist Home

Activity analysis of Income and expenditure for the for the year ended 31 December 2022

Summary of charitable costs by activity

Total Residential Care Services
Total charitable expenditure
Total Governance costs as detailed in Note
24		 Direct costs
2022
£
865,302
865,302		 Support costs
2022
£
74,155
4,839
78,994		 Grant funding
of activities
2022
£
-
-		 Total
2022
£
939,457
4,839
944,296		 Total
2021
£
863,847
4,331
868,178

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 25

28 Analysis of non charitable expenditure by activity

Activity
Fundraising activities
Governance costs
Other Expenditure - Governance costs as detailed in Note 24		 Fundraising
activities
2022
£
Governance
costs
2022
£
4,839		 Fundraising
activities
2021
£
Governance
costs
2021
£
4,331

23