## **ARDAL WEINIDOGAETH BRO ELETH** ## **MINISTRY AREA** ## **Ministry Area Leader’s Report** **Treasurer’s Report & Financial Statements** **Examiner’s Report** **Year ending 2022** _Page 1_ ## **MINISTRY AREA LEADER’S REPORT** The Ministry Area began 2022 still in vacancy and being led ably by its two ministry area wardens and ministry area treasurer, assisted by the Archdeacon and Area Dean. In the early part of the year, it was announced that a new Ministry Area Leader had been appointed and would begin on the 31st May. Services continue to be held in our 6 remaining churches; St Eleth, Amlwch; St Eilian, Llaneilian; St Gwenllwyfo, Llanwenllwyfo; St Mair, Llannerchymedd; St Gallgo, Llanallgo and St Michael, Penrhosllogwy. We were sad to lose some faithful members of our congregations in 2022 and they will be greatly missed. Congregations and income are recovering back towards their pre-pandemic levels. At Christmas it was a pleasure to welcome back outside organisations for Christmas services and some sense of normality returned to communities and churches alike. We look forward to 2023 and 2024 to discern the next direction for the parish and embark on achieving it. _Page 2_ ## **TREASURERS REPORT & FINANCIAL STATEMENTS** ## **Foreword** The accounts have been prepared on the Receipts and Payments basis in accordance with the provisions of the Charities Act 2011 and the Church in Wales Accounting regulations. The accounts presented may be rounded to the nearest pound (£); as a result, there may appear to be arithmetic differences of £1; these differences are ignored because the underlying accounts balance. The accounts cover the period 1[st] January 2022 to 31[st] January 2022. The accounts have been checked for accuracy and approved off by an external examiner. ## **Reserves Policy** Bro Eleth Ministry Area Council (PCC) aims to retain a balance of unrestricted “free” reserves to provide working capital, and to meet any future shortfalls in receipts or unexpected payments, at least equal to three months payments. The unrestricted reserves amount detailed in the Balance Sheet sections of this report is in line with this policy. ## **Introduction** Firstly, I would like to thank the church treasurers for their time and effort in keeping the day-to-day accounts at their individual churches in good order. I would also like to thank the churchwardens and Ministry Area Wardens for their efforts in local fund raising and for continuing to control their church expenditure. ## **Income/Expenditure** ## **Income** - Total income for 2022 was £42k compared to £46k in 2021. However, there was a legacy of £15k in 2021 compared to a legacy in 2022 of £1k. When normalised this shows a welcome growth of income by £10k in 2022 showing movement towards pre-COVID levels, - Ignoring legacies, overall giving (collections, gift aid, donations, and other offerings) was up £4k, - Income from charitable activities which includes funeral services, weddings and burials showed an increase of approximately £6k, - Fund raising was slightly up on last year (£400) although it is understood that all income from the Christmas Fayre was not paid in before the year end closed. This money will now be included in 2023, _Page 3_ ## **Expenditure** - Overall expenditure in 2022 was £79k compared to 2021 at £84k, a reduction of £5k. - Overall expenditure on Church repairs and maintenance along with professional fees showed a decrease of £16k when compared to the previous financial year although this was offset by the following significant increases in costs :- - We now have a Ministry Area Leader and it is inevitable that that welcomed addition to our Ministry will show an increase in necessary ministerial expenses and parsonage costs. £900, - Churchyard maintenance showed an increase of £2.7k due mainly to emergency tree care at Llanwenllwyfo and Llanallgo churchyards, - Emergency repairs on our rented property required to upgrade the property to habitable standards cost £3.2k, - General inflationary increases such as insurance and gas charges. - It is good to note that utility charges, other than gas, seem to be holding as stable for the time being. ## **Gain/(Loss)** - Bro Eleth made a loss during 2022 of £37k compared to the previous year of £38k. As previously mentioned, we received a legacy of £15k in 2021 so taking this into account the normalised loss in 2021 was £53k which shows an improvement in profit this year by £16k. A step in the right direction! ## **Balance Sheet** This can be summarised by the following table. This appears within the detailed balance sheet included in this report. An additional column has been added at the end to show the financial proportion of each fund type: - |||||| |---|---|---|---|---| ||**Represented by Funds(£)**|||| |**Fund Type **|**2022**|**2021**|**Gain/(Loss)**|**2022 % 0f Total**| |**Unrestricted**|142,516.01|183,025.68|(40,509.67)|16.0%| |**Designated**|65,848.30|91,165.43|(25,317.13)|7.4%| |**Restricted**|647,683.59|697,108.98|(49,425.39)|72.9%| |**Endowment**|32,998.04|35,178.63|(2180.59)|3.7%| ||**889,045.94**|**1,006,478.72**|**(117,432.78) **|| As can be seen the total funds belonging to Bro Eleth have decreased by £117k. The significant reasons for this deterioration in reserves is as follows: - - The loss of £37k as described in the Income/Expenditure section of this report. All funds were affected by this loss, - Following a valuation by an estate agent, the book value of the rental property at Llanerchymedd was reduced by £25k due to its condition, _Page 4_ - The value of investments taken as a snapshot as at 31[st] December 2022 show a significant reduction from that taken as at 31[st] December 2021. Unrestricted and Restricted funds have both been affected. However, as these are book values based on financial market forces, it is expected that these investments will increase back to normal when the economy stabilises. _Page 5_ ## **Statement of Financial Activities** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Bond Fund
Maintenance Fund
St Elian's Maintenance
Tan yr Hall
**Restricted**
Bodavon Graves (Llanfihangel TB)
Chancel Repair Fund
Church Lands Charity
Church Upkeep Fund
Churchyard
Churchyard Fund
Churchyard Llanfihangel TB
Floor Fund
Guild Fund
Hall Fund
Hughie Lewis Fund
Josie Thomas Fund
Legacy Fund
St Eilian Church Lands Charity
Tierney Fund
Youth Fund|21,076
1,106
—
22,182
32,016
7,210
4,343
—
11,553
5,439
1,537
983
—
2,520
2,159
5,042
674
—
5,716
5,344
—
—
—
—
1,178| ||**34,866**
**7,107**
**—**
**41,973**
**46,137**
0
—
—
0
—
64,668
14,356
—
79,024
83,886
—
—
—
—
—| ||**64,668**
**14,356**
**—**
**79,024**
**83,886**
(13,017)
(42,246)
(118)
(55,381)
(100)| ||**(42,819)**
**(49,495)**
**(118)**
**(92,432)**
**(37,849)**
5,314
3,142
179
8,636
19,551
(3,322)
(3,072)
(2,241)
(8,636)
(19,551)
(25,000)
—
—
(25,000)
57,850| ||**(65,826)**
**(49,425)**
**(2,180)**
**(117,432)**
**20,001**| ||**274,191**
**697,108**
**35,178**
**1,006,478**
**986,477**| ||**208,364**
**647,683**
**32,998**
**889,045**
**1,006,478**
142,516
—
—
142,516
183,025
—
—
—
—
—
5,881
—
—
5,881
5,835
—
—
—
—
—
59,966
—
—
59,966
85,330
—
3,476
—
3,476
3,476
—
7,832
—
7,832
8,575
—
918
—
918
918
—
15,000
—
15,000
15,000
—
15,561
—
15,561
15,503
—
37,722
—
37,722
42,438
—
3,737
—
3,737
3,950
—
4,035
—
4,035
3,459
—
1,858
—
1,858
1,788
—
952
—
952
1,047
—
237
—
237
235
—
160
—
160
160
—
149,190
—
149,190
154,154
—
393,996
—
393,996
430,032
—
7,667
—
7,667
9,651
—
5,333
—
5,333
6,713| _Page 6_ **Endowment** Frederick Augustus Gough Fund Gwyneth Price Fund — — — — 2,360 — — 32,998 32,998 32,818 _Page 7_ ## **Balance sheet** |**Class and code**
**Description**|**This year**
**Last year**| |---|---| |**Fixed assets**
6430
Tangible fixed asset
B159
Frederick Augustus Gough Dec
B190
Church Lands Charity (RB)
BDT1
Bro Eleth - BDT - General
BDT2
Bro Eleth - BDT - Churchyard
BDT3
Bro - Eleth - BDT - Hall
BLM
Blackrock (Charinco) - Main
BLT
Blackrock (Charinco) - Tierney
CCLA
CCLA
HMSTK8
HM 8% Stock Treasury 2021
MONDAVIES
Miss Monica Mary Davies deceased Legacy
NATSAV
National Savings Bond
PT0258
St Eilian Church Lands
PT1699
St Eleth Churchyard Maint
PT3660
St Eilian Church Room Proceeds
PT9048
Penrhosllugwy Chancel Repair Fund
PT9071
St Eleth - Chancel Repair
RBS
Royal Bank of Scotland Ord. Shares
SANT
Santander Ordinary Shares
SCOTW1
Scottish Widows
TANYRHALL
Llannerch-y-medd - Tan yr Hall House
**Total Fixed assets**
**Current assets**
00001
Llannerch-y-medd Current Account
00001
St Eilian Current Account
00001
St Eleth Current Account
00002
Llannerch-y-medd Business Reserve Accoun
00002
St Eilian's Reserve Account
00002
St Eleth Guild
00003
Llannerch-y-medd COIF Deposit Fund
00003
Mrs L Fair Deceased
00003
St Eilian legacy Account
00004
St Eleth NSI Investment
00005
St Eleth NSI Income Bonds
6501
Bro Eleth Current Account
6501
Coedana Current Account
6501
Current Account - Llandyfrydog
6501
Current Account - Penrhosllugwy
6501
Current Account - St.Eugrad/St.Gallgo
6501
Current Account - St.Gwenllwyfo
6501
Current Account-Llanfihangel TB
6505
Coedana Deposit Account
6505
Deposit Account - Llandyfrydog
6505
Deposit Account - Penrhosllugwy
6505
Deposit Account - St.Eugrad/St.Gallgo
6505
Deposit Account-Llanfihangel TB
6505
Maintenance Deposit Account-St.Gwenllwfo
6506
Churchyard Deposit Account-St.Gwenllwyfo
6506
Coedana General Purpose Account
6590
Cash in hand - St.Eugrad/St.Gallgo
CCLA0001
CCLA COIF 0001 Church Capital Account
CCLA0002
CCLA COIF 0002 Churchyard Account
CCLA0007
CCLA COIF 0007 Hughie Lewis
CCLA1
Llanfihangel CCLA Bodafon Graves
CCLA2
Llanfihangel CCLA Churchyard
PT2369
Mrs L Fair Deceased
**Total Current assets**|(3,434)
(3,434)
—
2,360
—
—
50,332
55,387
476
523
952
1,047
17,458
21,977
7,667
9,651
32,154
36,264
—
—
6,521
7,286
6,000
6,000
393,996
430,032
—
3,185
14,447
16,140
2,991
3,275
4,840
5,299
1,241
1,231
136
247
—
—
50,000
75,000| ||**585,781**
**671,477**
6,988
12,029
1,920
13,226
7,669
6,415
—
—
3,773
4,265
1,989
1,788
566
561
—
—
153,483
153,850
748
748
—
—
8,924
8,456
—
1,883
125
265
34,059
1,761
1,646
12,184
2,979
3,426
—
—
—
254
1,157
1,154
5,101
37,245
435
387
—
—
21,451
21,405
16,157
16,581
—
3,403
—
—
7,591
7,518
13,765
13,632
237
235
—
—
—
—
12,488
12,318| ||**303,264**
**335,000**| _Page 8_ |**Liabilities**
6699
Agency collections
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
Z02
Other gains/(losses)
Z03
Gains/(losses) on reval of fixed assets
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
Endowment
**Total**|—
—| |---|---| ||**—**
**—**| ||**889,045**
**1,006,478**| ||(37,051)
40,393
1,006,478
908,335
(55,381)
(100)
(25,000)
57,850| ||**889,045**
**1,006,478**
142,516
183,025
65,848
91,165
647,683
697,108
32,998
35,178| ||**889,045**
**1,006,478**| _Page 9_ ## **Statement of assets and liabilities** ||**This year**
**Last year**| |---|---| |**Investments**
**Frederick Augustus Gough Dec**
Frederick Augustus Gough Fund (Endowment) -
General fund (Unrestricted) -
Revaluation reserves (Designated) -
**Bro Eleth - BDT - General**
General fund (Unrestricted) -
**Bro Eleth - BDT - Churchyard**
Churchyard Fund (Restricted) -
**Bro - Eleth - BDT - Hall**
Hall Fund (Restricted) -
**Blackrock (Charinco) - Main**
Churchyard Fund (Restricted) -
General fund (Unrestricted) -
Youth Fund (Restricted) -
**Blackrock (Charinco) - Tierney**
Tierney Fund (Restricted) -
**CCLA**
Churchyard Fund (Restricted) -
General fund (Unrestricted) -
**Miss Monica Mary Davies deceased Legacy**
General fund (Unrestricted) -
**National Savings Bond**
General fund (Unrestricted) -
**St Eilian Church Lands**
St Eilian Church Lands Charity (Restricted) -
**St Eleth Churchyard Maint**
Churchyard (Restricted) -
**St Eilian Church Room Proceeds**
General fund (Unrestricted) -
**Penrhosllugwy Chancel Repair Fund**
Chancel Repair Fund (Restricted) -
**St Eleth - Chancel Repair**
Chancel Repair Fund (Restricted) -|—
2,360
2,241
—
(2,241)
—| ||**—**
**2,360**
50,332
55,387| ||**50,332**
**55,387**
476
523| ||**476**
**523**
952
1,047| ||**952**
**1,047**
7,134
8,981
4,990
6,281
5,333
6,713| ||**17,458**
**21,977**
7,667
9,651| ||**7,667**
**9,651**
3,434
3,434
28,719
32,830| ||**32,154**
**36,264**
6,521
7,286| ||**6,521**
**7,286**
6,000
6,000| ||**6,000**
**6,000**
393,996
430,032| ||**393,996**
**430,032**
—
3,185| ||**—**
**3,185**
14,447
16,140| ||**14,447**
**16,140**
2,991
3,275| ||**2,991**
**3,275**
4,840
5,299| ||**4,840**
**5,299**| _Page 10_ |**Royal Bank of Scotland Ord. Shares**
General fund (Unrestricted) -
**Santander Ordinary Shares**
General fund (Unrestricted) -
**Total for Investments**
**Tangible assets**
**Tangible fixed asset**
Churchyard Fund (Restricted) -
**Llannerch-y-medd - Tan yr Hall House**
Tan yr Hall (Designated) -
**Total for Tangible assets**
**Cash at bank and in hand**
**St Eleth Current Account**
Churchyard (Restricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
Legacy Fund (Restricted) -
Revaluation reserves (Designated) -
Tan yr Hall (Designated) -
**St Eilian's Reserve Account**
General fund (Unrestricted) -
General fund (Unrestricted) -
Guild Fund (Restricted) -
**Llannerch-y-medd COIF Deposit Fund**
General fund (Unrestricted) -
Legacy Fund (Restricted) -
**St Eleth NSI Investment**
General fund (Unrestricted) -
**Bro Eleth Current Account**
Bodavon Graves (Llanfihangel TB) (Restricted) -
Churchyard Fund (Restricted) -
Churchyard Fund (Restricted) -
Churchyard Fund (Restricted) -
Churchyard Llanfihangel TB (Restricted) -
Floor Fund (Restricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
Gwyneth Price Fund (Endowment) -
Josie Thomas Fund (Restricted) -
Maintenance Fund (Designated) -|1,241
1,231| |---|---| ||**1,241**
**1,231**
136
247| ||**136**
**247**| ||**539,216**
**599,912**
(3,434)
(3,434)| ||**(3,434)**
**(3,434)**
50,000
75,000| ||**50,000**
**75,000**| ||**46,565**
**71,565**
3,072
—
(2,978)
1,699
6,213
12,922
2,355
6,415
(4,292)
304
2,241
—
9,966
10,330| ||**6,988**
**12,029**
3,773
4,265
131
—
1,858
1,788| ||**3,773**
**4,265**
566
561
153,483
153,850| ||**566**
**561**
748
748| ||**748**
**748**
3,476
3,476
943
1,868
(728)
829
(28)
20
3,737
3,950
4,035
3,459
1,710
1,028
—
1,883
125
265
(3,918)
(3,566)
2,213
11,194
3,577
3,976
32,998
—
160
160
(570)
(570)| ||**8,924**
**8,456**| _Page 11_ |**Deposit Account - Llandyfrydog**
Church Lands Charity (Restricted) -
Church Upkeep Fund (Restricted) -
Churchyard Fund (Restricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
General fund (Unrestricted) -
Gwyneth Price Fund (Endowment) -
Maintenance Fund (Designated) -
**Churchyard Deposit Account-St.Gwenllwyfo**
Churchyard Fund (Restricted) -
General fund (Unrestricted) -
**CCLA COIF 0001 Church Capital Account**
General fund (Unrestricted) -
**CCLA COIF 0002 Churchyard Account**
Churchyard Fund (Restricted) -
**CCLA COIF 0007 Hughie Lewis**
Hughie Lewis Fund (Restricted) -
**Mrs L Fair Deceased**
Churchyard (Restricted) -
**Total for Cash at bank and in hand**
**Grand total**|918
918
15,000
15,000
1
1
—
254
238
235
5,100
4,425
435
387
—
32,818
6,451
6,405| |---|---| ||**—**
**254**
16,157
16,581
—
3,403| ||**16,157**
**16,581**
7,591
7,518| ||**7,591**
**7,518**
13,765
13,632| ||**13,765**
**13,632**
237
235| ||**237**
**235**
12,488
12,318| ||**303,264**
**335,000**| ||**889,045**
**1,006,478**| _Page 12_ ## **Fund movement by type** ||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**| |---|---| |**BodGravesT - Bodavon Graves (Lla**
Restricted
**Sub-total for BodGravesT**
**Bond - Bond Fund**
Designated
**Sub-total for Bond**
**Chancel - Chancel Repair Fund**
Restricted
**Sub-total for Chancel**
**ChrchLand - Church Lands Charity**
Restricted
**Sub-total for ChrchLand**
**ChurchYard - Churchyard Fund**
Restricted
**Sub-total for ChurchYard**
**Churchyard - Churchyard**
Restricted
Restricted
Restricted
**Sub-total for Churchyard**
**FAGF - Frederick Augustus G**
Endowment
**Sub-total for FAGF**
**Floor - Floor Fund**
Restricted
**Sub-total for Floor**
**GPrice - Gwyneth Price Fund**
Endowment
**Sub-total for GPrice**
**General - General fund**
Unrestricted
**Sub-total for General**
**Guild - Guild Fund**
Restricted
**Sub-total for Guild**
**Hall - Hall Fund**
Restricted
**Sub-total for Hall**
**HughieLew - Hughie Lewis Fund**
Restricted
**Sub-total for HughieLew**
**Josie - Josie Thomas Fund**
Restricted
**Sub-total for Josie**
**LandsChar - St Eilian Church Lan**
Restricted
**Sub-total for LandsChar**
**Legacy - Legacy Fund**
Restricted
**Sub-total for Legacy**
**MAINT - St Elian's Maintenan**
Designated
**Sub-total for MAINT**|3,476
—
—
—
—
3,476| ||**3,476**
**—**
**—**
**—**
**—**
**3,476**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**
8,575
—
—
—
(743)
7,832| ||**8,575**
**—**
**—**
**—**
**(743)**
**7,832**
918
—
—
—
—
918| ||**918**
**—**
**—**
**—**
**—**
**918**
42,438
4,567
7,389
—
(1,894)
37,722| ||**42,438**
**4,567**
**7,389**
**—**
**(1,894)**
**37,722**
15,503
170
—
—
(112)
15,561
—
—
—
—
—
—
3,950
1,147
1,360
—
—
3,737| ||**19,454**
**1,317**
**1,360**
**—**
**(112)**
**19,299**
2,360
—
—
(2,241)
(118)
—| ||**2,360**
**—**
**—**
**(2,241)**
**(118)**
**—**
3,459
884
307
—
—
4,035| ||**3,459**
**884**
**307**
**—**
**—**
**4,035**
32,818
—
—
179
—
32,998| ||**32,818**
**—**
**—**
**179**
**—**
**32,998**
183,025
31,387
60,872
1,992
(13,017)
142,516| ||**183,025**
**31,387**
**60,872**
**1,992**
**(13,017)**
**142,516**
1,788
—
—
70
—
1,858| ||**1,788**
**—**
**—**
**70**
**—**
**1,858**
1,047
—
—
—
(95)
952| ||**1,047**
**—**
**—**
**—**
**(95)**
**952**
235
2
—
—
—
237| ||**235**
**2**
**—**
**—**
**—**
**237**
160
—
—
—
—
160| ||**160**
**—**
**—**
**—**
**—**
**160**
430,032
—
—
—
(36,035)
393,996| ||**430,032**
**—**
**—**
**—**
**(36,035)**
**393,996**
154,154
335
5,299
—
—
149,190| ||**154,154**
**335**
**5,299**
**—**
**—**
**149,190**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**| _Page 13_ |**Maint - Maintenance Fund**
Designated
**Sub-total for Maint**
**TYH - Tan yr Hall**
Designated
**Sub-total for TYH**
**Tierney - Tierney Fund**
Restricted
**Sub-total for Tierney**
**UpkeepFund - Church Upkeep Fund**
Restricted
**Sub-total for UpkeepFund**
**Youth - Youth Fund**
Restricted
**Sub-total for Youth**
**hChurchyar - Churchyard Fund**
Restricted
**Sub-total for hChurchyar**
**Grand total**|5,835
46
—
—
—
5,881| |---|---| ||**5,835**
**46**
**—**
**—**
**—**
**5,881**
85,330
3,432
3,795
—
(25,000)
59,966| ||**85,330**
**3,432**
**3,795**
**—**
**(25,000)**
**59,966**
9,651
—
—
—
(1,984)
7,667| ||**9,651**
**—**
**—**
**—**
**(1,984)**
**7,667**
15,000
—
—
—
—
15,000| ||**15,000**
**—**
**—**
**—**
**—**
**15,000**
6,713
—
—
—
(1,380)
5,333| ||**6,713**
**—**
**—**
**—**
**(1,380)**
**5,333**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**| ||**1,006,478**
**41,973**
**79,024**
**—**
**(80,381)**
**889,045**| _Page 14_ ## **Analysis of income and expenditure** ||||||**Total**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**| |**INCOME AND ENDOWMENTS**||||||| |**Donations and legacies**||||||| |0101 - Standing Order Planned|3,660|—|—|—|3,660|1,740| |Giving||||||| |0102 - Occasional Giving via Bank|—|—|—|—|—|240| |0110 - Gift Aid Envelopes -|40|—|—|—|40|250| |Occasional||||||| |0111 - Gift Direct|—|—|—|—|—|3,580| |0112 - Other planned giving|703|—|—|—|703|558| |0113 - Weekly envelope planned|—|—|—|—|—|—| |giving||||||| |0114 - Special Service Giving|—|—|—|—|—|—| |Envelopes||||||| |0201 - Loose plate offering|9,068|—|—|—|9,068|4,373| |0202 - Offerings - Weddings|—|—|—|—|—|—| |0203 - Offerings - Baptisms|78|—|—|—|78|153| |0204 - Offerings - Funerals|60|—|—|—|60|580| |0301 - Gift day receipts|—|—|—|—|—|—| |0302 - Wall safe / box donations|840|—|—|—|840|142| |0303 - One off Gift Aid donations|—|—|—|—|—|—| |0304 - Gifts of quoted securities|—|—|—|—|—|—| |0305 - Donations appeals etc|5,175|—|106|—|5,282|4,674| |0306 - Contactless Donations|—|—|—|—|—|—| |0401 - Mission Boxes|—|—|—|—|—|—| |0402 - Other collections/mission|—|—|—|—|—|—| |appeals||||||| |0501 - Recovered HMRC Gift Aid|450|—|—|—|450|723| |receipts||||||| |0502 - Recovered HMRC GASDS|—|—|—|—|—|—| |receipts||||||| |0503 - Recovered Gift Direct Gift Aid|—|—|—|—|—|—| |0601 - Legacies|1,000|—|—|—|1,000|15,000| |0701 - Recurring grants|—|—|—|—|—|—| |0702 - Non-recurring one-off grants|—|—|1,000|—|1,000|—| |Total|21,076|—|1,106|—|22,182|32,016| |**Income from charitable activities**||||||| |0901 - Fees for Occasional Offices|2,368|—|1,356|—|3,724|216| |0902 - Wedding fee|2,460|—|—|—|2,460|1,148| |0903 - Blessing fee|—|—|—|—|—|—| |0904 - Publication of Banns|40|—|—|—|40|—| |0905 - Funeral fee|1,684|—|—|—|1,684|432| |0906 - Burial fee|658|—|2,465|—|3,123|3,096| |0907 - Memorial fee|—|—|522|—|522|547| |0908 - Search of registers|—|—|—|—|—|—| |Total|7,210|—|4,343|—|11,553|5,439| |**Other trading activities**||||||| |0801 - Fund raising|815|—|983|—|1,798|1,731| |0802 - Other funds generated|—|—|—|—|—|39| |0803 - Hall Rental Income|—|—|—|—|—|—| |0804 - Magazine/other publication|86|—|—|—|86|—| |sales||||||| |0805 - Sundry income|566|—|—|—|566|389| |0806 - Printing Income|70|—|—|—|70|—| _Page 15_ |0807 - Church Building Rental
0808 - MA/Parish share rebate
Total
**Investments**
1001 - Dividends/investment income
1020 - Bank and building society
interest
1030 - Rent from investment land or
buildings
Total
**Other income**
1101 - Insurance claims
1102 - Surplus - Sales of fixed assets
1103 - Sales of fixed assets
1104 - Sale of investments
1105 - Loans received
1106 - Loan repaymnets received
Total|—
—
—
—
—
—
—
—
—
—
—
—| |---|---| ||1,537
—
983
—
2,520
2,159
1,399
—
—
—
1,399
1,883
164
46
674
—
885
29
—
3,432
—
—
3,432
3,432| ||1,563
3,478
674
—
5,716
5,344
—
—
—
—
—
1,178
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| ||—
—
—
—
—
1,178| |**INCOME TOTAL**|31,387
3,478
7,107
—
41,973
46,137| ## **EXPENDITURE** |**EXPENDITURE**||||||| |---|---|---|---|---|---|---| |**Raising funds**||||||| |3101 - Fees paid to fund raisers|—|—|—|—|—|—| |3102 - Costs of applying for grants|—|—|—|—|—|—| |3103 - Costs of generating resoucres|—|—|—|—|—|—| |- giving||||||| |3104 - Costs of fund raising|0|—|—|—|0|—| |Total|0|—|—|—|0|—| |**Expenditure on charitable activities**||||||| |2001 - Diocesan share|47,569|—|—|—|47,569|45,339| |2101 - Clergy expenses|4|—|—|—|4|23| |2102 - Clergy expenses - mileage|883|—|—|—|883|67| |2103 - Clergy expenses -|192|—|—|—|192|220| |printing/postage/stati||||||| |2104 - Clergy expenses - equipment|407|—|—|—|407|—| |2120 - Council tax|—|—|—|—|—|—| |2145 - Parsonage - water|225|—|—|—|225|1,111| |2146 - Parsonage - gas|—|—|—|—|—|—| |2147 - Parsonage - electricity|176|—|—|—|176|—| |2148 - Parsonage -|14|—|—|—|14|—| |Oil/wood/LPG/other||||||| |2149 - Parsonage - other expenses|219|—|—|—|219|—| |2150 - Clergy -|—|—|—|—|—|—| |telephone/mobile/internet||||||| |2170 - Professional development &|—|—|—|—|—|—| |training cost||||||| |2201 - Assistant clergy|—|—|—|—|—|—| |fees/expenses||||||| |2202 - Readers Expenses|—|—|—|—|—|63| |2203 - Curate expenses|—|—|—|—|—|—| |2210 - Readers expenses - mileage|—|—|—|—|—|—| _Page 16_ |2211 - Readers expenses -|—|—|—|—|—|19| |---|---|---|---|---|---|---| |printing/postage/stat||||||| |2212 - Readers expenses -|—|—|—|—|—|—| |equipment||||||| |2220 - Curate expenses - mileage|—|—|—|—|—|—| |2221 - Curate expenses -|—|—|—|—|—|—| |printing/postage/stati||||||| |2222 - Curate expenses - equipment|—|—|—|—|—|—| |2230 - Lay Ministers expenses|—|—|—|—|—|—| |2231 - Lay Ministers expenses -|—|—|—|—|—|—| |mileage||||||| |2232 - Lay Ministers expenses -|—|—|—|—|—|—| |printing/postag||||||| |2233 - Lay Ministers expenses -|—|—|—|—|—|—| |equipment||||||| |2234 - Lay Ministers Salary|—|—|—|—|—|—| |2235 - Lay Ministers HMRC|—|—|—|—|—|—| |payments||||||| |2236 - Lay Ministers Pension|—|—|—|—|—|—| |contributions||||||| |2340 - Maintenance of services|143|—|—|—|143|—| |2341 - Costs of vergers, organists|—|—|—|—|—|—| |and choir||||||| |2342 - Music & performance|366|—|—|—|366|254| |expenses||||||| |2343 - Music Instrument|—|—|—|—|—|204| |Tuning/Maintenance||||||| |2344 - Costs of digital services|—|—|—|—|—|—| |(streaming, su||||||| |2345 - Costs of Copyright License|267|—|—|—|267|—| |2401 - Costs of meetings|—|—|—|—|—|—| |2402 - Bank and Credit Card Charges|—|—|—|—|—|—| |2403 - Cost of printing, post and|—|—|—|—|—|—| |stationery||||||| |2404 - MA - telephone/mobile/internet|—|—|—|—|—|—| |2405 - Office and general expenditure|863|—|—|—|863|99| |2406 - Admin/Staff Salary|—|—|—|—|—|—| |2407 - Depreciation|—|—|—|—|—|—| |2408 - Leasing and Hire purchase|—|—|—|—|—|—| |charges||||||| |2409 - Professional Fees|—|—|—|—|—|2,482| |2410 - IE/Audit and accountancy fees|—|—|—|—|—|—| |2411 - Investment management fees|—|—|—|—|—|—| |2412 - Trustee Training and|—|—|—|—|—|—| |development||||||| |2413 - Trustee expenses|—|—|—|—|—|—| |2414 - Trustee Other Costs|—|—|—|—|—|—| |2415 - Gifts to individuals|150|—|—|—|150|300| |2421 - Admin/Staff HMRC payments|—|—|—|—|—|—| |2422 - Admin/Staff Pension|—|—|—|—|—|—| |contributions||||||| |2423 - Admin/Staff Expenses|—|—|—|—|—|—| |2424 - Admin/Staff Equipment|—|—|—|—|—|—| |2425 - Admin/Staff Other Costs|—|—|—|—|—|—| |2450 - MA/LMA central costs|—|—|—|—|—|—| |2501 - Church operatating costs -|4,099|—|705|—|4,804|4,432| |insurance||||||| |2502 - Church operating costs -|1,902|—|216|—|2,118|2,159| |electricity||||||| |2503 - Church operating costs - gas|580|—|567|—|1,147|638| |2504 - Church operating costs - water|256|—|—|—|256|241| |2505 - Church operating costs - other|132|—|243|—|375|1,628| |2506 - Church operating costs -|—|—|—|—|—|—| |oil/LPG||||||| |2507 - Interest on parish loans|—|—|—|—|—|—| |2508 - Church repairs and|1,890|—|3,000|—|4,890|18,372| |maintenance||||||| _Page 17_ |2509 - Church Cleaning
2510 - Church operating costs -
tel/mob/interne
2511 - Church operating costs - fire
equipment,
2601 - Churchyard management
costs
2602 - Church hall operating costs -
other
2603 - Church hall operating costs -
electric
2604 - Church hall operating costs -
gas
2605 - Church hall operating costs -
insurance
2606 - Church hall costs -
repairs/maintenance
2607 - Church hall costs -
tel./mob./internet
2608 - Church hall operating costs -
water
2609 - Church hall - equipment repair
& renewal
2611 - Church hall operating costs -
cleaning
2612 - Other property
repairs/maintenance
2613 - Other property - insurance
2614 - Other property - electricity
2615 - Other property - gas
2616 - Other property - oil/LPG
2617 - Other property - water
2618 - Other property -
tel./mob./internet
2619 - Other property - compliance
costs
2641 - Churchyard grass cutting
2642 - Churchyard structural repairs
2643 - Churchyard memorial costs
2644 - Churchyard grave costs
2701 - Major building repairs and
renovations
2801 - Children & young people
activity costs
2803 - Payments to parish lay
workers
2804 - Cost of church publications
2805 - Cost of mission & evangelism
2806 - Other costs of parish mission
work
2807 - Cost of maintaining websites
and social
2901 - Support of diocesan projects
2902 - Support of church charities &
projects
2903 - Support of UK charities
2904 - Support of international
mission & proje
Total
**Other expenditure**
3001 - Purchase of asstes for church
purposes
3002 - Purchase of investments
3003 - Loans made|84
—
—
—
84
—
—
—
—
—
—
—
36
—
566
—
602
—
—
—
7,819
—
7,819
5,168
—
—
—
—
—
—
—
—
—
—
—
38
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
50
3,212
—
—
3,262
601
—
583
—
—
583
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
930
—
930
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10
—
—
—
—
—
—
357
—
—
—
357
410
—
—
307
—
307
—| |---|---| ||60,872
3,795
14,356
—
79,024
83,886
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—| _Page 18_ |3004 - Loans received repayments
3005 - Loss on sale of fixed asset
Total|—
—
—
—
—
—
—
—
—
—
—
—| |---|---| ||—
—
—
—
—
—| |**EXPENDITURE TOTAL**|60,872
3,795
14,356
—
79,024
83,886| ||| |**GRAND TOTAL**|(29,484)
(317)
(7,249)
—
(37,051)
(37,748)| ## **Conclusion** - Following two years of poor results the financial results for 2022 are showing a welcome improvement back to pre-COVID levels, - Members of the Ministry Area Council (MAC) and Church Treasurers need to find potential synergies and follow them through in order to reduce costs, - Although interest rates have improved since the end of the last financial year, we must discover better ways of improving our return on investments. To assist in this area, we have invited the Diocesan Financial Director to provide guidance. Once a strategy has been agreed, all churches must take action to improve in this area and the MAC should monitor progress to ensure that our full potential is being reached, - More work and therefore cost is needed to improve the rental property in Llanerchymedd. The extent of this has not yet been formulated but will inevitably lead to expenditure in 2023. _Page 19_ INDEPENDENT EXAMINEWS REpoKfTO BRO ELEfH PAROCHIAL CHURCH COUNCIL l ￿pOrt on the accounts for the year ended 31 Decernber 2022 Respective responslbllltles of trustees and examlner The Parochial Church Council IPCCI are responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act1} and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the 2011 Actl- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 1451511bl of the 2011 Act),. and to stste whether particular matters have come to my attention. Basls of Independent examiner's report My examination was carried out in accordance with the general Directions 8iven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of anv unusual items or disclosures in the accounts. and seekin8 explanalions from you as 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 lo whether the accounts present a 'true and fair view, and the report Is limited to ihose rnatters set out in the stètement bebw. Independent examlnerfs statement In connertion with my examination, no matter has come to my attention: I I I which gives me reasonable couse to believe that in any rnaterial respect the requirements to keep accounting records in accordance with SeCt￿n 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the actountin8 requirements of the 2011 Act have not been mel; or 121 to which, in my opinion. attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. INarTh¢l Js Llys Denwydd ryl Lon Bangor Benllech LL74 8TN