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2021-12-31-accounts

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

Citizen Church – The PCC of St Teilos, Cardiff

PCC report for the period from 16[th] December 2020 – 31[st] December 2021

Administrative Details:

Charity name: St Teilos Charity number: 1192813 (registered 16th December 2020) Parochial Church Council: Revd Ryan Forey (Chair and Vicar) Matt Ball Paul Booth (Church Warden) Bryana Francis Jessica Simpson (Church Warden) John Hurst Mark Simpson (Associate Priest) Alen King Amber Baker (Curate) Sue Lee Henry Grover (Secretary) Dammy Ogunlade Jenna Shiells (Treasurer) Madeleine Ball Rebekah Pugh Principal office: Church of St Andrew and St Teilos Woodville Road Cardiff CF24 4DX Independent examiner: Derek Rodwell Impact the future Ltd Bennett Verby 7 Petersgate Stockport Cheshire England SK1 1EB Principal bankers: CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

PCC report for the period from 1[6th ] December 2020 – 31[st] December 2021

The PCC present their reports and accounts for St Teilos for the period ending 31[st] December 2021.

Structure, Governance and Management

The Parochial Church Council of St Teilos, as Trustees, present their annual report, together with the financial statements, for the period ended 31 December 2021. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Teilos, membership of the PCC consists of the licensed clergy, churchwardens, and members who are elected by those on the Electoral Roll. PCC members are responsible for making decisions on all matters of general concern and importance to the parish and on how the funds of the PCC are to be spent. The organisational implementation of the strategy is carried out by senior leadership and staff.

On the 16[th] of December 2020 St Teilos became a registered charity with a registration number of 1192813.

Background and Mission

The Churchwardens and PCC of St Teilos have the responsibility of working with the Vicar in promoting the whole mission of the Church. The PCC is also responsible for maintenance of the St Teilos church building.

Trustee Training

All staff, volunteers and trustees undergo a formal recruiting and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role. Senior Management of the church consists of clergy, whose pay is set via stipend, the level of which is set by the Diocese.

Volunteers

The church benefit from the dedicated work of a great number of volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

Objectives and Activities

Our objectives are set out in our governing document, the Constitution of the Church in Wales, which was agreed by the Board of Trustees on 18[th] July 2016.

Our objectives:

  1. To advance the Christian religion in the diocese of Llandaff for the benefit of the public in accordance with the Holy Scriptures, the catholic creeds, and the historic formularies of the Church in Wales, namely the Thirty-nine Articles of Religion, The Book of Common Prayer and the Ordering of Bishops, Priests and Deacons.

  2. Such other charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.

The PCC is committed to the vision statement of the church to play our part in the evangelisation of the nation, the revitalisation of the church and the transformation of society. In accordance with the

2

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

vision statement, the church aims to meet its objectives through the provision of church services, courses and planting churches. Given the diversity of the church’s activities, performance is measured on a case by case basis.

Public Benefit

In accordance with our duties as stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit has been demonstrated by the activities undertaken since inception of the charity outlined in this document.

Achievements and Performance

With Covid-19 restrictions lifting, we launched in person services on Tuesday evenings in February recording them to upload for Sunday mornings. All booked services were at full capacity and we reached around 300 people each week online. In person Sunday services started at the end of April and by the end of 2021, our 11am service had an average attendance of 210 people each week and our 6pm service had an average attendance of 150 people. We continue to live stream our 11am service still reaching between 250-300 people per week.

We began mid-week groups called Hangouts which grew to 37 groups by the end of the year each with an average size of 8 people. Volunteer teams have grown incredibly quickly with more than 10 different teams available to serve on.

Citizen Coffee has continued to grow a wide customer base from students, local community and business as well as everyone who attends Citizen. It is open 4 days a week to the public plus Sunday’s for our services. Citizen Coffee has been an exciting way not only to be able to fund the church’s work but also use this income to be able to fund any outward facing projects/socials for students, refugees, or future plans we have as Citizen Coffee grows. The partnered coffee used is locally roasted by survivors of human trafficking which also furthers the vision. We have begun training refugees and have 3 regularly volunteering with us.

In September we were asked to plant our first church in Senghenydd, Caerphilly. This church had been closed for 4 years and is in the centre of an incredibly deprived area. This site will be a community hub where we will run tots and toddlers as well as other family events and we will begin services with a 4pm family service. We plan to open this site mid 2022.

Kids and Youth

2021 began online only and these videos have seen over 350 views since they were posted. We also shared our Easter Spectacular and Christmas Spectacular online which saw over 950 views each.

In Person services began in April 2021 with 4 children, by the summer this had grown to 20 who met regularly in the office space over the summer. On October 3rd the children were able to watch the Baptism service via the livestream during the service and at the end of October the Clubhouse was opened. The opening of the clubhouse allowed for massive growth and by the end of the year there were 45 children regularly attending.

Tots and Toddlers launched in November 2021 and saw carers and their children connect with the church immediately and attending some of the Christmas events. Parents and children helped pack our Love Christmas gifts, and 600 of these gifts were delivered to parents at the Noah’s Ark Ward at Heath Hospital, as well as to many others.

3

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

Initially the youth met outside church with only a couple of young people, as the weather changed they moved into the office space in Citizen Central seeing a number of young people meet regularly forming deep relationships. Young people were also given the opportunity to attend hangouts, socials and a youth Alpha course.

Courses

Citizen launched the church’s first Alpha course in October 2020 on zoom. Since then, we have run 3 more courses throughout 2021 with a total of 350 people joining and completing the course, and each of these people have moved along in their journey of finding faith. Running the course online as well as in person enabled us to reach people living outside of the Cardiff area and those who would usually need childcare to attend, those who were shielding.

Social Transformation

Prisons:

We've been doing 2 back-to-back monthly services in HMP Parc, one in the general population unit and one in the vulnerable persons unit.

Trafficked women:

We've partnered with a charity called The Red Community; we pair up women from our church with women who have been trafficked creating a supportive friendship and helping in practical ways such as driving them to appointments etc.

Vulnerable adults:

Each week have been going into the Northlands youth hostel where we organise games, activities, crafts etc. for the youth, as well as chatting to them, listening and spending time with them.

Refugees/asylum seekers:

We have been training refugees and asylum seekers on the coffee van, 4 of which have completed the official training and have received an internationally recognised barista qualification. We also ran a kids group for the children of refugees and asylum seekers who wished to attend English classes but who were not able to find child care.

Love Christmas:

Altogether we gave 8801 bags of kindness to people in and around Cardiff. Citizen did 5922 and our partners did 2879. We partnered with 13 other churches and charities. Gifts went to: Prisoners- 800

Vulnerable youth- 63 Refugees- 100 Students- 3920 Women who've been trafficked- 12 Mamas- 1000 Homeless- 20

Our partners served homeless, bereaved families, kids on free school meals, families of prisoners, and many others.

Leadership Development

4

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

The church has continued to work in partnership with the Diocese of Llandaff to develop young leaders in the church. In June 2020 there were six interns on the internship programme and in August 2021 we had 7 on our internship programme, each working in a particular area of church ministry. The programme also includes weekly teaching to help them grow in their faith and leadership skills.

The church supports those who may feel called to full-time ministry, helping them explore this call. We currently have 4 training for ordination as well as more exploring this calling.

Future Plans

The charity plans on continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Citizen hope to plant more churches in Cardiff and the surrounding areas subject to funding.

Financial Review

In the period to the end of December 2021 Citizen church had total income of £455k of which £145k were unrestricted, and £310k were restricted. Expenditure totalled £576k of which £224k was spent on the capital development and set-up of the site. There was a net deficit in the period on unrestricted funds of £162k which reflects the large initial spend on getting the site into working order. Together with a £164k deficit prior to charity registration there is a total deficit on unrestricted funds of £326k.

This high initial capital spend was financed by a loan of £525k from the Llandaff Diocesan Board of Finance (DBF) which was originally agreed would be repaid over 5 years. As the church has grown over the last few year this deficit, which has been created by the high initial set up costs and financed by the loan from the DBF, has started to be covered by the growth in congregational giving. Future giving surpluses are projected in 2023 to 2026 to enable the deficit of £326k that has been built up in unrestricted funds to be covered.

St Telios is currently in the process of renegotiating the terms of the loan whereby it will be converted to a grant to fund church plants over the next 10 years. All spend towards future plant set ups will be written off the loan of £525k. The forecast surpluses for 2023 to 2026 have been projected to enable the working capital to remain at an adequate level to cover on-going operational costs as the loan is converted to a grant.

EF Grant

In 2020, Llandaff DBF was awarded an Evangelism Fund (EF) grant by the Representative Body of the Church in Wales (RBCW), including £1,525,068 towards the cost of establishing a new resourcing church in the city of Cardiff over 5.5 years. The grant is claimed by filing expense claims in arrears, with all moneys going through the LDBF and being passed on to Citizen Church. Each claim requires approval by administrators of the EF to ensure it is in line with the original budget submitted. The RBCW reserves the right to terminate the award if it becomes substantially unlikely that Citizen Church will be able to deliver its outcomes as set out in the original grant application. These performance related conditions prevent the full recognition of the grant. So far Citizen Church have managed to meet the conditions, so there does not appear to be a reason why the EF will not be available for 2022.

£960,436 of the EF grant is towards the operational costs of St Teilo's with the balance of £564,632 staying with the Llandaff DBF to cover the costs of stipendiary clergy. £212,698 of the £960,436 was received by St Teilos in 2020-21.

5

Citizen Church Cardiff St Teilo’s Church Woodville Road Cathays Cardiff CF24 4DX

Reserves Policy

It is PCC policy to maintain a balance on free unrestricted funds which equates to at least three months’ unrestricted payments. At the end of 2021 there was a balance of £129k of net unrestricted current assets available to meet projected expenditure thanks to the DBF loan of £525k. This represents over 5 months of unrestricted expenditure. As the DBF loan will be converted to a grant for future church planting over 10 years, our policy will be to continue to have at least 3 months of forecast unrestricted expenditure available as free reserves.

Safeguarding

The Trustees have adopted the Diocese of Llandaff’s safeguarding policy relating to children, young people and vulnerable people and Bethany Pearson is the Safeguarding Officer. Bethany Pearson and Mark Simpson have completed the Church in Wales’ online training courses in safeguarding young people and vulnerable adults.

The Trustees are committed to the principles of best practice in relation to safeguarding and comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church in Wales official website.

The PCC Responsibilities in relation to the Financial Statements

Charity law requires the PCC to prepare a statement of financial activities and statement of assets and liabilities for each financial year, which gives a true and fair view of the state of affairs of the church and of its financial activities for that year and adequately distinguishes any material special trust or other restricted fund of the church. In preparing those financial statements the PCC is required to:

The PCC is responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the church, and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the PCC as at 31/10/22

Revd. Ryan Forey Vicar and Chair of the PCC

6

Independent Examiner's Report to the PCC of St Teilos, Cardiff

I report on the accounts for the period ended 31st December 2021 that are set out on pages 8 to 15.

Respective responsibilities of the PCC and Independent Examiner

The PCC is responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the church is not subject to audit and is eligible for independent examination it is my responsibility to:

This report, including my statement, has been prepared for and only for the PCC as a body. My work has been undertaken so that I might state to the PCC those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the church and the PCC as a body for my examination work, for this report or for the statements that I have made.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you the trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

Since the gross income for the period exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act being a fellow of the Chartered Association of Certified Examiners.

In connection with my examination, no matters have come to my attention:

  1. which give me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with s.130 of the 2011 Act; or

  3. to prepare accounts which accord with these accounting records have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 31[st] October 2022

Derek Rodwell FCCA (Fellow of the Chartered Association of Certified Accountants) Impact The Future Ltd, c/o Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB

Page 7

THE PCC OF ST TEILOS (CITIZEN CHURCH), CARDIFF STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 1/2 MONTHS ENDED 31ST DECEMBER 2021

Note
INCOME FROM:
Voluntary income
2
Income from charitable activities
3
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Students
Children
Alpha Courses
Worship & Services
Internship programme
Justice (Love campaign)
5
Clergy and leadership training
Coffee van
Capital spend and set up
TOTAL EXPENDITURE
4
NET INCOMING / (OUTGOING)
RESOURCES BEFORE INVESTMENT GAINS AND LOSSES
Total brought forward
TOTAL FUNDS AT 31 DECEMBER 2021
Unrestricted
Restricted
Total
funds
funds
funds
12 1/2 months 12 1/2 months 12 1/2 months
2021
2021
2021
£
£
£
68,758
310,353
379,111
76,007
0
76,007
144,765
310,353
455,118
10,669
8,108
18,777
8,215
9,449
17,664
16,540
27,162
43,702
33,331
53,566
86,897
3,972
48,909
52,880
14,789
51,835
66,624
8,564
29,114
37,679
17,800
10,607
28,406
193,261
30,668
223,929
307,141
269,417
576,558
(162,376)
40,936
(121,440)
(163,693)
44,553
(119,140)
(326,069)
85,489
(240,580)

Note re accounting period

St Telios was registered as a charity on the 16th of December 2020 and these accounts are therefore for the period from 16th December 2020 to 31st December 2021.

Page 8

THE PCC OF ST TEILOS IcmzEN CHURCHI. CARDIFF ASAT 31 WÉIXÉft2DZ1 SISTOEca•Be12•RI 15TH DECalBER2010 FIXEDASSErs Tangible assets 7Qt81 70.181 67M17 67.817 DeblOTS atbwk 197.5e8 213 1631 223.$60 (1.Y54>￿￿ {119)31 191, 210M$8 Lc¢n from DBF 10 139TA141 WET ASSETS 119,139 3TATEIIEF4T OF FVNDS 44.553 1163.6WJI (hwostriLÈd fund 1326.C691 TOTAL FUIIDS StynJ

PCC of ST TEILO'S (CITIZEN CHURCH), CARDIFF Notes to the accounts

For the period ended 31st December 2021

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

St Teilo's meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The trustees are confident that with the continued support of the congregation, and appropriate management of expenditure, the church is a going concern and will continue to be financially viable. Therefore the trustees have prepared these accounts under the historical basis of accounting. Cash flow forecasts have been prepared for the period to the end of 2026. With the giving trends looking very encouraging in 2022 it is anticipated that the church will have adequate working capital to enable all future committments to be met for the foreseeable future.

Funds

General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Restricted funds are those donated for specific purposes.

Income

Voluntary income and capital sources

Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donations are recognised.

Grants and legacies to the Trust are accounted for as soon as the church is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable.

Fixed assets

Additions and improvements to the church premises are written off as incurred.

Only items costing £1000 or above are capitalised. Fixed assets are depreciated on a straight line basis as follows:

Plant and machinery: 5 years Computer and worship equipment: 3 years

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

Page 10

PCC OF ST TEILO'S (CITIZEN CHURCH), CARDIFF

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 1/2 MONTHS ENDED DECEMBER 31ST 2021

2 VOLUNTARY INCOME
Planned giving
Other donations
Gift aid tax
EF grants
Other grants
3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Intern house contribution
Coffee van
Sales of merchandise
Student income
Alpha food income
The 6 café income
Phone Antennae income
Listed Places of Worship VAT reclaimed
Beer and soda income
Unrestricted
Restricted
Total
funds
funds
funds
2020-21
2020-21
2020-21
12 1/2 months 12 1/2 months
12 1/2 months
£
£
£
40,150
0
40,150
19,887
0
19,887
8,721
0
8,721
0
215,597
215,597
0
94,756
94,756
68,758
310,353
379,111
3,950
0
3,950
33,697
0
33,697
4,103
0
4,103
1,484
0
1,484
1,356
0
1,356
907
0
907
10,500
0
10,500
17,791
0
17,791
2,218
0
2,218
76,007
0
76,007

4 ALLOCATION OF EXPENDITURE

ALLOCATION OF EXPENDITURE
Direct Central admin
costs Staff costs costs
Total costs
2020-21 2020-21 2020-21 2020-21
£ £ £ £
Students 11,671 4,427 2,678 18,777
Children & Youth 6,461 6,980 4,223 17,664
Alpha, events and groups 16,841 16,736 10,125 43,702
Worship & Services 33,679 33,157 20,060 86,897
Internship programme 42,405 6,527 3,949 52,880
Justice (mostly love your neighbour campaign) 61,759 3,031 1,834 66,624
Clergy and leadership training 15,617 13,746 8,316 37,679
Coffee Van 11,322 10,644 6,440 28,406
Capital spend and set up 203,114 12,969 7,846 223,929
402,869 108,218 65,472 576,558
Allocation of staff costs including training,expenses, etc 108,218 (108,218) 0
Allocation of central admin costs 65,472 (65,472) 0
Totals 576,558 0 0 576,558
ANALYSIS OF DIRECT COSTS
Unrestricted Restricted Total
funds funds funds
2020-21 2020-21 2020-21
£ £ £
Students
Social Events 6,001 0 6,001
Bridge The Gap 514 1,645 2,159
Freshers 710 1,440 2,150
Pastoral 407 611 1,018
Other 343 0 343
7,975 3,696 11,671

5 ANALYSIS OF DIRECT COSTS

Page 11

PCC OF ST TEILO'S (CITIZEN CHURCH), CARDIFF

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 1/2 MONTHS ENDED DECEMBER 31ST 2021

Children and Youth

Children- equipment and resources 1,581 1,376 2,956
Children- events 400 470 870
Children- team 572 151 724
Children- tots and toddlers 546 186 732
Children- other 128 63 190
Youth- pastoral 741 225 966
Youth- Other 0 23 23
Alpha, events and groups 3,967 2,494 6,461
Alpha- food
Alpha- advertising
Alpha- other
Focus- costs
Community Groups-
G & P's 3,997
490
700
975.00
0
5,195
3,357
440
858
257
9,191
3,847
1,139
1,833
257
Community groups- Mama's 0 379 379
Events- summer shenanigans 194 0 194
Worship & Services 6,356 10,485 16,841
11am service- food and drink 22 4,034 4,056
11am service- pastoral 372 389 761
11am service- other 111 315 427
6pm- beer & soda 3,025 0 3,025
6pm- café 6,702 0 6,702
6pm- other 333 382 716
Christmas & Easter services 0 9,522 9,522
Worship & production- equipment & accessories 638 1,600 2,238
Worship & production- CCLI license 0 1,092 1,092
Worship & production- Editor 1,050 780 1,830
Worship & production- team night 265 1,044 1,309
Worship & production- other 634 1,368 2,002
Internship Program 13,154 20,525 33,679
Rent
Utilities,Wi-fi and council tax
Living allowance
0
0
0
13,638
6,490
20,685
13,638
6,490
20,685
Other 0 1,592 1,592
Justice 0 42,405 42,405
Love Your Neighbour/Love Christmas
Travel
Other
12,911
0
34
47,311
1,503
0
60,222
1,503
34
Clergy costs & leadership training 12,944 48,815 61,759
Clergy- discretionary
Clergy- expenses and vicarage
Clergy- other
0
0
200
9,391
4,985
30
9,391
4,985
230
Leaders training 0 1,012 1,012

Page 12

PCC OF ST TEILO'S (CITIZEN CHURCH), CARDIFF

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 1/2 MONTHS ENDED DECEMBER 31ST 2021

Coffee van
Capital spend
Total Direct costs
Central costs (allocated to activities)
Creative team-printing & advertising
Creative team- merchandise
Creative team- website, & tech
Creative team- other
Operations- rent (vicarage)
Operations- utilities
Operations-repairs and maintenance
Operations- insurance
Operations- cleaning & PPE
Operations- office & Wifi & IT support
Operations- waste disposal
Operations- other
Governance- accounting
Governance- bookkeeper
Subscription costs
Other overheads
200
15,417
15,617
11,322
0
11,322
185,369
17,744
203,114
241,288
161,580
402,869
0
2,877
2,877
990
5,570
6,560
0
2,229
2,229
25
1,774
1,800
0
9,800
9,800
0
11,949
11,949
1,120
610
1,730
0
4,838
4,838
0
2,896
2,896
0
5,638
5,638
0
1,749
1,749
0
7,361
7,361
(1,250)
3,890
2,640
360
720
1,080
193
1,138
1,331
107
888
995
1,545
63,927
65,472

6 GRANTS TO OTHER ORGANISATIONS

The following amounts were granted to the following entities as part of the 'Love Your Neighbour' campaign funded by the DCMS through CRT (Church Revitalisation Trust)

7 Unrestricted
Restricted
Total
funds
funds
funds
2020-21
2020-21
2020-21
£
£
£
St Marks Galbalfa
6,000
6000
12,000
St Johns Baptist
2,550
2000
4,550
ACE
0
1000
1,000
Urban Crofters
1,000
0
1,000
Park End Presbyterian
2,000
0
2,000
RumneyGospel Chapel
1,595
0
1,595
Church of Resurrection
200
0
200
Cadwyn HousingAssociation
270
0
270
G4S Care & Justice UK Ltd
1,330
0
1,330
Woodville Baptist Church
0
150
150
SenghenyCommunityChurch
216
0
216
St Catherine's Church
3,000
0
3,000
Benefice Eglwysilan & Cae
5,911
0
5,911
Rainbow of Hope
500
0
500
Salvation Army
375
0
375
24,947
9,150
34,097
TANGIBLE FIXED ASSETS
Plant &
IT
Total
machinery
equipment
£
Assets at cost
Opening balance
65,900
4,297
70,197
Purchases
21,107
2,899
24,006
Closing balance
87,007
7,196
94,203

Page 13

PCC OF ST TEILO'S (CITIZEN CHURCH), CARDIFF

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 1/2 MONTHS ENDED DECEMBER 31ST 2021

8
**9 **
Depreciation
Opening balance
2,103
477
2,580
Charge for the period
19,043
2,399
21,442
Closing balance on accumulated depreciation
21,146
2,876
24,022
Opening balance on fixed assets 16/12/20
63,797
3,820
67,617
Closing balance on fixed assets 31/12/21
65,861
4,320
70,181
DEBTORS
2021
£
Gift aid accrued
1,000
Prepayments
3,645
EF grant accrued
0
4,645
CREDITORS
2021
Amounts falling due within one year
£
Accounts payable
2,191
Accruals and deferred income
5,763
7,954
Depreciation
Opening balance
2,103
477
2,580
Charge for the period
19,043
2,399
21,442
Closing balance on accumulated depreciation
21,146
2,876
24,022
Opening balance on fixed assets 16/12/20
63,797
3,820
67,617
Closing balance on fixed assets 31/12/21
65,861
4,320
70,181
DEBTORS
2021
£
Gift aid accrued
1,000
Prepayments
3,645
EF grant accrued
0
4,645
CREDITORS
2021
Amounts falling due within one year
£
Accounts payable
2,191
Accruals and deferred income
5,763
7,954
2021
£
1,000
3,645
0
4,645
2021
£
2,191
5,763
7,954

9 LOAN FROM DBF

On the 15th September 2020 a loan agreement was agreed with the Llandaff Diocesan Board of Finance for a loan of £525,020 which was received in full before the end of 2020. Loan terms were originally for repayments in installments over the following 4 years and 300 days. £20,000 had been repaid by the end of 2021.

St Teilos is currently renegotiating the terms of the loan whereby it will be converted into a grant to fund church plants over the next 10 years. The intention is that as money is spent on the new plants the costs will be written off against the loan.

10 SALARIES

Analysis of payroll:

Gross pay
Employers NI (net of employment allowance)
Employers Pension
2020-21
£
91,648
1,560
2,073
95,281

In the 12 1/2 months ending 31st December 2021 there were, on average, 4.75 people on staff representing an FTE of 4.1. The key management role was filled by the Revd Ryan Forey who received his salary from the diocese and received no remuneration from the St Teilo's Church. Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000

11 STATEMENT OF FUNDS 2020-21

STATEMENT OF FUNDS 2020-21
Opening Incoming Resources Closing
Balance resources expended Balance
16/12/20 2020-21 2020-21 31/12/21
£ £ £ £
Unrestricted Funds (163,693) 144,766 (307,141) (326,068)
Restricted funds
EF grant 16,198 212,698 (228,897) (0)
Love your neighbour grant from CRT (DCMS) 11,686 51,000 (17,020) 45,666
All Churches Grant 0 8,000 (8,000) 0
Alpha International Grant 0 3,356 (3,357) (1)
Childs Charitable Trust 0 2,500 (2,500) 0
CRT Grant for Lena moving costs 0 2,400 (2,400) 0
XIBO Senghenydd 0 20,000 0 20,000
27,884 299,954 (262,173) 65,665

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PCC OF ST TEILO'S (CITIZEN CHURCH), CARDIFF

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 1/2 MONTHS ENDED DECEMBER 31ST 2021

Restricted funds represented by fixed assets
EF grant
All Churches grant
Total Restricted
Total Funds
16,669
2,899
(5,161)
14,407
0
7,500
(2,083)
5,417
16,669
10,399
(7,244)
19,824
44,553
310,353
(269,417)
85,489
(119,139)
455,119
(576,558)
(240,579)

EF Grant

In 2020, Llandaff DBF (LDBF) was awarded an Evangelism Fund (EF) grant by the Representative Body of the Church in Wales (RBCW), including £1,525,068 towards the cost of establishing a new resourcing church in the city of Cardiff over 5.5 years. The grant is claimed by filing expense claims in arrears, with all moneys going through the LDBF and being passed on to Citizen Church. Each claim requires approval by administrators of the EF to ensure it is in line with the original budget submitted. The RBCW reserves the right to terminate the award if it becomes substantially unlikely that Citizen Church will be able to deliver its outcomes as set out in the original grant application. These performance related conditions prevent the full recognition of the grant. So far Citizen Church have managed to meet the conditions, so there does not appear to be a reason why the EF will not be available for 2021.

£960,436 of the EF grant is towards the operational costs of St Teilo's with the balance of £564,632 staying with the Llandaff DBF to cover the costs of stipendary clergy. £167,052 of the £960,436 was received by St Teilos in 2020 before the CIO was established. A further £212.698 was received in the 12 1/2 months to 31/12/21 and is shown in these accounts.

All Churches Grants. These included an impact grant helping to combat issues of loneliness and isolation during the pandemic and a grant towards initial capital costs.

Childs Charitable Trust. A grant towards capital works

Xibo Senghenydd. Donation from an individual towards a church plant in Senghenydd

Alpha International. Grant towards advertising and manuals for the Alpha Course

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Current assets
Creditors due within one year
Creditors due after one year
NET ASSETS
Unrestricted
Restricted
Total
funds
funds
funds
2020-21
2020-21
2020-21
£
£
£
50,357
19,824
70,181
134,650
67,562
202,213
(6,056)
(1,897)
(7,954)
(505,020)
0
(505,020)
(326,069)
85,489
(240,580)

13 RELATED PARTIES

Ellie Byrne, the wife of the Revd Ryan Forey (who is a trustee), was paid a total of £6,250 in 2020-21 for her role as associate volunteer pastor. No trustees or parties related to the trustees of St Telio's received any renumeration or benefits in kind in the period reported in these financial statements.

None of the trustees were reimbursed for expenses relating to services provided to the charity as trustees. Expenses incurred by trustees on behalf of the Trust were reimbursed against receipts

In the period ended 31st December 2021 £5,038 was given by the trustees to the church.

14 COMMITMENTS

St Teilo's has entered into the following rental agreements:

St Anne's , 1 North Street. £750 a month from 25/6/20 for an initial period of 1 year and then to be rolled forward David House (ground floor office), 78 Woodville Road. £6,000 per annum starting on 1/10/20 with a rent review every 3rd year. Citizen House. Rental of £6k per annum starting on 1st October 2020 . This arrangement was discontinued in August 2021.

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