2020-12-31-accounts - Aled Mission Area

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Report ofthe Trustees			1	to	4
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow	Statement
Notes tothe Financial Statements			10	to	19
Detailed Statement of Financial		Activities	20	to	21

					for the year end	ed 31December	2020
								2020	2019
					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds	funds	funds
				Notes	f	f	f	f	f
INCOME AND	ENDOWIVIENTS
FROM
Donations and	legacies				452,867	(1,372)		451,495	463,673
Other trading	activities				22,687	133		22,820	45,537
Investment income					69,367	9,170		78,537	113,164
Total					544,921	7,931		552,852	622,374
EXPENDITURE	ON
Raising funds					370,045	11,803		381,848	604,263
Charitable activities
Costs ofgenerating			voluntary
income					65,068	564		65,632	79,636
Total					435,113	12,367		447,480	683,899
Net gains/(losses)		on investments
					(171,886)	1,161	695	(170,030)	18,293
NET INCOME/(EXPENDITURE)					(62,078)	(3,275)	695	(64,658)	(43,232)
Transfers between			funds	16	(10,072)	10,072
Net movement	in	funds			(72,150)	6,797	695	(64,658)	(43,231)
RECONCILIATION		OF FUNDS
Total funds brought			forward		1,542,434	194,116	11,463	1,748,013	1,791,244
TOTAL FUNDS	CARRIED FORWARD
					1,470,284	200,913	12,158	1,683,355	1,748,013

						2020	2019
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes	E	f	E	E	f
FIXEDASSETS
Tangible assets		10	636,389			636,389	639,958
Investments
Investments		11	26,591	559	11,753	38,903	165,588
Social investments		12	202,457	80,590	405	283,452	326,798
			865,437	81,149	12,158	958,744	1,132,344
CURRENT ASSETS
Debtors		13	70	198		268	70
Cash at bank			604,777	148,919		753,696	645,927
			604,847	149,117		753,964	645,997
CREDITORS
Amounts falling due within one
year	14			(29,353)		(29,353)	(30,328)
NET CURRENT ASSETS			604,847	119,764		724,611	615,669
TOTAL ASSETS LESSCURRENT
LIABILITIES			1,470,284	200,913	12,158	1,683,355	1,748,013
NET ASSETS			1,470,284	200,913	12,158	1,683,355	1,748,013
FUNDS	16
Unrestricted funds						1,470,284	1,542,434
Restricted funds						200,913	194,116
Endowment funds						12,158	11,463
TOTAL FUNDS						1,683,355	1,748,013
Thefinancialstatements	wered	th	BdfTt	dhid	fi	&~it~l~~I

						Cash Flow Statement
					for the	year ended 31December	2020
							2020	2019
					Notes		f	f
Cash flows from operating	activities
Cash generated from operations							94,764	(70,224)
Net cash provided by/(used	in)	operating		activities			94,764	(70,224)
Cash flows from investing	activities
Purchase ofsocial investments							1
Sale oftangible fixed assets							3,569
Sale offixed asset investments								25,000
Interest received							1,132	2,227
Dividends received							8,382	12,857
Net cash provided by investing		activities					13,084	40,084
Change in cash and cash equivalents			in the
reporting period							107,848	(30,140)
Cash and cash equivalents	at the beginning				of
the reporting period							622,610	652,750
Cash and cash equivalents	at the end		ofthe
reporting period							730,458	622,610

						2020	2019
						f	E
Net expenditure for		the reporting		period (as per	the Statement of Financial
Activities)						(64,658)	(43,232)
Adjustments for:
Depreciation charges							3,667
Losses/(gain) on investments						170,030	(18,293)
Interest received						(1,132)	(2,227)
Dividends received						(8,382)	(12,857)
(Increase)/decrease		in debtors				(198)	4,080
Decrease in creditors						(896)	(1,362)
Net cash provided	by/(used		in) operations			94,764	(70,224)
ANALYSIS OF CASH	AND CASH EQUIVALENTS
						2020	2019
						f	E
Notice deposits (less		than 3	months)			753,696	645,927
Overdrafts included	in bank		loans and overdrafts		falling due within one year	(23,238)	(23,317)
Total cash and cash	equivalents					730,458	622,610

	At 1/1/20	Cash flow	At 31/12/20
		E	E
Net cash
Cash at bank	645,927	107,769	753,696
Bank overdrafts	(23,317)	79	(23,238)
	622,610	107,848	730,458
Total	622,610	107,848	730,458

DONATIONS	DONATIONS	AND LEGACIES
			2020	2019
			E
Gifts			81,382	82,930
Donations			213,034	306,501
Gift aid			39,504	29,220
Legacies			36,942	5,055
Grants			77,949	25,298
Donated services and facilities			2,484	3,332
Insurance	claims		200	11,337
			451,495	463,673
Grants received, included		in the above, are as follows:
			2020	2019
			E	E
Default 1			77,949	25,298

OTHER TRADING	ACTIVITIES	ACTIVITIES
						2020	2019
						f
Fundraising events						22,820	45,537
INVESTMENT INCOME
						2020	2019
						f	f
Rents received						69,023	98,080
Other fixed asset	invest	- Fll				8,382	12,857
Deposit account	interest					1,132	2,227
						78,537	113,164
RAISING FUNDS
Raising donations	and legacies
						2020	2019
						f	f
Support costs						138,211	253,303
Other trading activities
						2020f	2019
Parish share						231,991	293,334
Vergers, organists	and choir					9,941	13,685
Music and performance		expenses				1,705	43,941
						243,637	336,363
Aggregate amounts						381,848	604,263
CHARITABLE ACTIVITIES		COSTS
							Direct
							Costs
							f
Costs ofgenerating	voluntary		income				65,632
SUPPORT COSTS
						Governance
				Management	Finance	costs	Totals
				f	f	f	f
Raising donations	and legacies			126,125	25	12,061	138,211

	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			f	E	f	E
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		461,335	2,338		463,673
	Other trading activities		44,842	695		45,537
	Investment income		106,437	6,727		113,164
	Total		612,614	9,760		622,374
	EXPENDITURE ON
	Raising funds		594,372	9,891		604,263
	Charitable activities
	Costs ofgenerating voluntary	income	79,289	347		79,636
	Total		673,661	10,238		683,899
	Net gains on investments		5,748	1,082	11,463	18,293
	NET INCOME/(EXPENDITURE)		(55,299)	604	11,463	(43,232)
	Transfers between funds		(55,681)	55,682
	Net movement in funds		(110,980)	56,286	11,463	(43,231)
	RECONCILIATION OF FUNDS
	Total funds brought forward		1,653,413	137,831		1,791,244
	TOTAL FUNDS CARRIED FORWARD		1,542,433	194,117	11,463	1,748,013
10.	TANGIBLE FIXEDASSETS
					Fixtures
				Freehold	and
				property f	fittings f	Totals E
	COST
	At 1January 2020			630,000	22,851	652,851
	Disposals				(3,569)	(3,569)
	At 31December 2020			630,000	19,282	649,282
	DEPRECIATION
	At 1January 2020 and 31December 2020				12,893	12,893
	NET BOOK VALUE
	At 31December 2020			630,000	6,389	636,389
	At31December 2019			630,000	9,958	639,958

						Listed
						investments
						f
MARKET VALUE
At 1January 2020						165,588
Unrealised investment		gains				(126,685)
At 31December 2020						38,903
NET BOOK VALUE
At 31December 2020						38,903
At 31December 2019						165,588
There were no investment			assets outside the UK.
SOCIAL INVESTMENTS
						Other
						investments
						E
MARKET VALUE
At 1January 2020						326,798
Additions						(1)
Revaluations						(43,345)
At 31December 2020						283,452
NET BOOK VALUE
At 31December 2020						283,452
At 31December 2019						326,798
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2020		2019
				f		E
Trade debtors					268	70
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020		2019
				f		E
Bank loans and overdrafts			(see note 15)	23,238		23,317
Trade creditors				6,115		6,322
Other creditors						689
				29,353		30,328
LOANS
An analysis ofthe maturity			of loans is given below:
				2020		2019
				f		f
Amounts falling due within			one year on demand:
Bank overdrafts				23,238		23,317

MOVEMENT IN F	U	N	DS
										Net	Transfers
										movement	between	At
									At 1/1/20	in funds	funds	31/12/20
									f	E	E	E
Unrestricted funds
General fund									1,530,078	(60,445)	(10,205)	1,459,428
Designated Funds									11,223	(1,500)		9,723
RSGarden Fund									1,133			1133
Spyce										(133)	133
									1,542,434	(62,078)	(10,072)	1,470,284
Restricted funds
Organ fund										(9,108)	9,108
CIF									15,354	1,090		16,444
Churchyard Maintenance				Fund					17	214		231
COIF Restoration	Fund								10,051	(63)		9,988
Church Yard Fund									4,316	269		4,585
Llanelian Churchyard			Fund						14,023			14,023
St Michaels Church		Yard							6,748			6,748
Trofarth Church Yard									674			674
Churchyard Fund									14,619	157	964	15,740
Churchyard fund									65,934			65,934
Outdoor Crib									5,000			5,000
Frost Trust Fund									2,896	243		3,139
Organ Fund within		Frost Trust							131	313		444
CCLA Organ Fund									1,482	(1)		1,481
Restoration SocialIPastoral									(2,093) 2,133	(913)		(3,006) 2,133
Agency Collections									(23,291)			(23,291)
SED Memorial (Designated)					Fund				1,035			1„035
Deposit Account	(Designated)					Fund			74,482			74,482
StTrillo Chancel Repair Fund						(Restricted)		Fund
									559	(114)		445
HSBC Restoration		Fund							46	(46)
St Asaph DBFAdministrator					Grant					4,202		4,202
DBFCoronavirus	Emergency					Fund Grant				482		482
									194,116	(3,275)	10,072	200,913
Endowment funds
StTrillo L I Leather		Legacy		(Endowment)				Fund
									6,676	405		7,081
StTrillo Somers Gift			(Endowment)				Fund		4,787	290		5,077
									11,463	695		12,158
TOTAL FUNDS									1,748,013	(64,658)		1,683,355

Net movement in funds, included	Net movement in funds, included	Net movement in funds, included	Net movement in funds, included	in the	above are as follows:
					Incoming	Resources	Gains	and	Movement
					resources f	expended f	losses E		in funds f
Unrestricted funds
General fund					546,554	(435,113)	(171,886)		(60,445)
Designated Funds					(1,500)				(1,500)
Spyce					(133)				(133)
					544,921	(435,113)	(171,886)		(62,078)
Restricted funds
Organ fund					(9,108)				(9,108)
CIF					(1)		1,091		1,090
Churchyard Maintenance		Fund			1,635	(1,421)			214
COIF Restoration	Fund				(63)				(63)
Church Yard Fund					547	(278)			269
Churchyard Fund					8,163	(8,006)			157
Frost Trust Fund					59			184	243
Organ Fund within	Frost Trust				250			63	313
CCLA Organ Fund					62			(63)	(1)
Restoration					133	(1,046)			(913)
StTrillo Chancel Repair Fund			(Restricted)		Fund
							(114)		(114)
HSBC Restoration	Fund				(46)				(46)
St Asaph DBFAdministrator			Grant		4,300	(98)			4,202
DBFCoronavirus Emergency			Fund	Grant	2,000	(1,518)			482
					7,931	(12,367)	1,161		(3,275)
Endowment funds
StTrillo L I Leather	Legacy	(Endowment)			Fund
							405		405
StTrillo Somers Gift (Endowment)				Fund			290		290
							695		695
TOTAL FUNDS					552,852	(447,480)	(170,030)		(64,658)

Comparatives for	movement	movement	movement		in funds	in funds
									Net	Transfers
									movement	between		At
								At 1/1/19	in funds	funds		31/12/19
								f	f	E		f
Unrestricted funds
General fund								1,641,057	(55,298)	(55,681)		1,530,078
Designated Funds								11,223				11.223
RSGarden Fund								1,133				1,133
								1,653,413	(55,298)	(55,681)		1,542,434
Restricted funds
Organ fund									259	(259)
CIF								15,353			1	15,354
Churchyard Maintenance			Fund					20	(3)			17
COIF Restoration Fund								9,988				10,051
Church Yard Fund								4,216	100			4,316
Llanelian Churchyard		Fund						14,023				14,023
St Michaels Church	Yard							6,748				6,748
Trofarth Church Yard								674				674
Churchyard								11,826		(11,826)
Churchyard Fund								725	1,101	12,793		14,619
Churchyard fund									64,419	1,515		65,934
Outdoor Crib								5,000				5,000
Frost Trust Fund								2,743	153			2,896
Organ Fund within	Frost Trust							6	100		25	131
CCLA Organ Fund								2,386		(904)		1,482
Restoration								(39)	(1,991)		(63)	(2,093)
Social &Pastoral								2,083	50			2,133
Revaluation Reserves								62,281	(62,329)		48
Agency Collections								(202)	(2,896)	(20,193)		(23,291)
SED Memorial (Designated)				Fund					1,035			1,035
Deposit Account (Designated)					Fund					74,482		74,482
StTrillo Chancel Repair Fund				(Restricted)			Fund
									559			559
HSBC Restoration	Fund								46			46
								137,831	603	55,682		194,116
Endowment funds
StTrillo L I Leather	Legacy		(Endowment)				Fund
									6,676			6,676
StTrillo Somers Gift (Endowment)						Fund			4,787			4,787
									11,463			11,463
TOTAL FUNDS								1,791,244	(43,232)			1,748,013

Comparative net	movement	movement	in funds, included	in funds, included	in funds, included	in the above are as follows:
						Incoming	Resources	Gains	and	Movement
						resources	expended	losses		in funds
						E		E		f
Unrestricted funds
General fund						612,614	(673,660)	5,748		(55,298)
Restricted funds
Organ fund						259				259
Churchyard Maintenance		Fund				1,465	(1,468)			(3)
Church Yard Fund						1,008	(908)			100
Churchyard Fund						4,837	(3,736)			1,101
Churchyard fund						3,367		61,052		64,419
Frost Trust Fund						75	(300)		378	153
Organ Fund within	Frost Trust					100				100
Restoration						1,836	(3,827)			(1,991)
Social &Pastoral						50				50
Revaluation Reserves						(1,422)		(60,907)		(62,329)
Agency Collections						(2,896)				(2,896)
SED Memorial (Designated)			Fund			1,035				1,035
StTrillo Chancel Repair Fund			(Restricted)		Fund
									559	559
HSBC Restoration	Fund					46				46
						9,760	(10,239)	1,082		603
Endowment funds
StTrillo L I Leather	Legacy	(Endowment)			Fund
								6,676		6,676
StTrillo Somers Gift (Endowment)				Fund				4,787		4,787
								11,463		11,463
TOTAL FUNDS						622,374	(683,899)	18,293		(43,232)

A current year 12months	A current year 12months	A current year 12months	and	and	prior year	prior year	12months	combined position	is as follows:
									Net	Transfers
									movement	between		At
								At 1/1/19	in funds	funds		31/12/20
								f	E	f		f
Unrestricted funds
General fund								1,641,057	(115,743)	(65,886)		1,459,428
Designated Funds								11,223	(1,500)			9,723
RSGarden Fund								1,133				1,133
Spyce									(133)		133
								1,653,413	(117,376)	(65,753)		1,470,284
Restricted funds
Organ fund									(8,849)	8,849
CIF								15,353	1,090		1	16,444
Churchyard Maintenance			Fund					20	211			231
COIF Restoration	Fund							9,988	(63)		63	9,988
Church Yard Fund								4,216	369			4,585
Llanelian Churchyard		Fund						14,023				14,023
St Michaels Church		Yard						6,748				6,748
Trofarth Church Yard								674				674
Churchyard								11,826		(11,826)
Churchyard Fund								725	1,258	13,757		15,740
Churchyard fund									64,419	1,515		65,934
Outdoor Crib								5,000				5,000
Frost Trust Fund								2,743	396			3,139
Organ Fund within Frost Trust								6	413		25	444
CCLA Organ Fund								2,386	(1)	(904)		1,481
Restoration								(39)	(2,904)		(63)	(3,006)
Social B.Pastoral								2,083	50			2,133
Revaluation Reserves								62,281	(62,329)		48
Agency Collections								(202)	(2,896)	(20,193)		(23,291)
SED Memorial (Designated)				Fund					1,035			1,035
Deposit Account	(Designated)				Fund					74,482		74,482
StTrillo Chancel Repair Fund				(Restricted)			Fund
									445			445
StAsaph DBFAdministrator				Grant					4,202			4,202
DBFCoronavirus	Emergency			Fund Grant					482			482
								137,831	(2,672)	65,754		200,913
Endowment funds
StTrillo L I Leather Legacy			(Endowment)				Fund
									7,081			7,081
StTrillo Somers Gift		(Endowment)				Fund			5,077			5,077
									12,158			12,158
TOTAL FUNDS								1,791,244	(107,890)			1,683,355

						Incoming	Resources	Resources	Gains	and	Movement:
						resources	expended		losses		in funds
						f	f		f		f
Unrestricted funds
General fund						1,159,168	(1,108,773)		(166,138)		(115,743)
Designated Funds						(1,500)					(1,500)
Spyce						(133)					(133)
						1,157,535	(1,108,773)		(166,138)		(117,376)
Restricted funds
Organ fund						(8,849)					(8,849)
CIF						(1)			1,091		1,090
Churchyard Maintenance		Fund				3,100	(2,889)				211
COIF Restoration	Fund					(63)					(63)
Church Yard Fund						1,555	(1,186)				369
Churchyard Fund						13,000	(11,742)				1,258
Churchyard fund						3,367			61,052		64,419
Frost Trust Fund						134	(300)			562	396
Organ Fund within	Frost Trust					350				63	413
CCLA Organ Fund						62				(631	(1)
Restoration						1,969	(4,873)				(2,904)
Social &Pastoral						50					50
Revaluation Reserves						(1,422)			(60,907)		(62,329)
Agency Collections						(2,896)					(2,896)
SED Memorial (Designated)			Fund			1,035					1,035
StTrillo Chancel Repair Fund			(Restricted)		Fund
									445		445
StAsaph DBFAdministrator			Grant			4,300		(98)			4,202
DBFCoronavirus Emergency			Fund	Grant		2,000	(1,518)				482
						17,691	(22,606)		2,243		(2,672)
Endowment funds
StTrillo L I Leather	Legacy	(Endowment)			Fund
									7,081		7,081
StTrillo Somers Gift (Endowment)				Fund					5,077		5,077
									12,158		12,158
TOTAL FUNDS						1,175,226	I1,131,379)		(151,737)		(107,890)

		for the year ended 3	1December 2020
			2020	2019
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Gifts			81,382	82,930
Donations			213,034	306,501
Gift aid			39,504	29,220
Legacies			36,942	5,055
Grants			77,949	25,298
Donated services and facilities			2,484	3,332
Insurance claims			200	11,337
			451,495	463,673
Other trading activities
Fundraising events			22,820	45,537
Investment income
Rents received			69,023	98,080
Other fixed asset invest		- Fll	8,382	12,857
Deposit account interest			1,132	2,227
			78,537	113,164
Total incoming resources			552,852	622,374
EXPENDITURE
Other trading activities
Parish share			231,991	293,334
Vergers, organists and choir			9,941	13,685
Music and performance		expenses	1,705	43,941
			243,637	350,960
Charitable activities
Children Ik young people			797	1,792
Church publications			28	47
Parish mission work			7,888	5,651
Support ofdiocesan	projects		330	170
Support ofchurch charities			18	1,935
Support ofexternal	charities		1,113	2,258
Fundraising costs			1,054	2,641
Clergy expenses			939	7,354
Parish administrator			28,432	41,620
Leasing and hire costs			936	360
Parish lay workers				25
General expenditure			24,097	15,783
			65,632	79,636
Support costs
Management
Rates and water			307	3,962
Insurance			17,594	19,232
Light and heat			41,140	40,206
Telephone			3,442	5,288
Postage and stationery			2,578	4,115
Carried forward			65,061	72,803

				Detailed Statement of Financial
				for the year ended 31December 2020
					2020	2019
					E	6
Management
Brought forward					65,061	72,803
Repairs and		maintenance			32,685	146,387
Cleaning					656	388
Maintenance		ofservices			3,014	4,818
Depreciation					3,569	3,667
Churchyard	management		costs		21,140	20,419
					126,125	248,482
Finance
Bank charges					25	29
Governance		costs
Accountancy		and legal fees			12,061	4,792
Total resources		expended			447,480	683,899
Net income/(expenditure)					105,372	(61,525)