2023-12-31-accounts - Ardal Weinidogaeth Bro Eleth Ministry Area

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Bro Eleth Ministry Area

End of Year Financial Statements & Report

Year ending 2023

Page 1

Introduction

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 2023 to 31[st] December 2023.

The accounts have been checked for accuracy and approved off by an external examiner. The examiner’s sign of sheet is included at the back of this report.

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

I wish 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 Ministry Area Leader, Ministry Area Wardens and Churchwardens for their efforts in local fund raising and for continuing to control church expenditure.

Income/Expenditure

Income

Total income for 2023 was £47k compared to £42k in 2022 showing an improvement year to year of £5k,
Overall giving (collections, gift aid, donations, and other offerings) was up £9k,
Income from charitable activities which includes funeral services, weddings and burials showed a decrease of approximately £6k,
Other trading activities which include fund raising was up on last year by £1.1k from £2.5k in 2022 to £3.6k, due mainly to a Christmas Fair held at St Eleth’s Church in Amlwch. It should be noted of the continuing sterling efforts by St Gwenllwyfo, St Eilian and St Michaels, Penrhoslligwy in raising funds for their church projects. It is important that all churches perform this function,
Returns on investments increased by approximately £500 due to benefitting from higher rates of interest and dividend payments throughout the year.

Page 2

Expenditure

Overall expenditure in 2023 was £80k compared to 2022 at £79k, a small increase of £1k. It should be noted that due to a temporary cash flow problem at St Eleth’s, Amlwch the final quarter’s payment of £2.7k was not paid in 2023. This was paid in January 2024 when the situation was rectified.
Diocesan Share (BMF) shows a reduction from the previous year of £7k. This difference is due mainly to the phasing of payments over the two years.
The gain from the Diocesan Share (BMF) and other cost savings was offset by the following main increases in costs :-
Our Ministry Area Leader has now been with us for a full year. As a result, the costs of the necessary ministerial expenses and parsonage costs have increased by £1.1k.
Church operating costs that includes insurance, utilities, cleaning and fire equipment increased by £2.4k year on year. This is due to general inflationary rises, extra insurance coverage for the closed churches and significant price rises on electricity and gas.
Churchyard maintenance showed a decrease of £1.8k. Emergency tree care at St Mair, Llannerchymedd was required although the full cost of this was offset by a GoFundMe appeal and a contribution from St Gwenllwyfo,
Expenditure on property repairs increased by £5k due mainly to the completion of the floor restoration project at St Michaels, Penrhosligwy and further structural improvements at the house in Llanerchymedd.

Gain/(Loss)

Bro Eleth made a loss during 2023 of £33k compared to the previous year of £37k. As previously mentioned, a 2023 expense of £2.7k was not paid until 2024 so we are managing to keep our Income and Expenditure statement stable. A step in the right direction!

Page 3

Balance Sheet

This can be summarised by the following table. This table appears within the detailed balance sheet included in this report. However, additional columns have been added at the end of the table to show the financial movement and the proportional movement of each fund type year to year : -

in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -	in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -	in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -	in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -	in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -	in this report. However, additional columns have been added at the end of the table to show movement and the proportional movement of each fund type year to year : -
Represented by Funds(£)
Fund Type	2023	2022	Gain/(Loss) 2023 v 2022	2023 % 0f Total	2022 % 0f Total
Unrestricted	125,351.81	142,516.01	(17,164.20)	14.09%	16.03%
Designated	64,149.29	65,848.30	(1,699.01)	7.21%	7.40%
Restricted	666,919.72	647,683.59	19,236.13	74.98%	72.82%
Endowment	32,998.04	32,998.04	0.00	3.71%	3.71%
	889,418.86	889,045.94	372.92

As can be seen the total funds belonging to Bro Eleth actually gained in value by £372.92. The significant reasons for this are as follows: -

The loss of £33k as described in the Income/Expenditure section of this report. All funds were affected by this loss,
The value of investments taken as a snapshot as at 31[st] December 2023 show a significant increase from that taken as at 31[st] December 2022. Unrestricted and Restricted funds have both been affected by this upturn. However, we realise these are book values based on financial market forces. It is hoped that these investments will continue to increase as the economy becomes stable.
It is important to note the change in profile of our assets as indicated in the last two columns of the table particularly Unrestricted and Restricted,
In effect, our financial loss for 2023 has been completely covered by the increase in our investments.

Page 4

Statement of Financial Activities

	Unrestricted Designated Restricted Endowment Total Prior year funds 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 Llanerchymedd Tree Fund St Eilian Church Lands Charity Tierney Fund Youth Fund Endowment Frederick Augustus Gough Fund Gwyneth Price Fund	27,411.97 — 3,695.44 — 31,107.41 22,182.85 4,000.00 — 1,135.00 — 5,135.00 11,553.00 2,688.28 372.60 569.41 — 3,630.29 2,520.49 1,805.67 1,818.94 3,453.44 — 7,078.05 5,716.79 — — — — — —
	35,905.92 2,191.54 8,853.29 — 46,950.75 41,973.13 101.41 — 16.00 — 117.41 0.04 61,450.95 3,890.55 14,614.62 — 79,956.12 79,024.32 — — — — — —
	61,552.36 3,890.55 14,630.62 — 80,073.53 79,024.36 7,563.28 — 25,932.42 — 33,495.70 (55,381.55)
	(18,083.16) (1,699.01) 20,155.09 — 372.92 (92,432.78) — — 244.15 — 244.15 8,636.63 — — (244.15) — (244.15) (8,636.63) — — — — — (25,000.00)
	(18,083.16) (1,699.01) 20,155.09 — 372.92 (117,432.78)
	142,516.01 65,848.30 647,683.59 32,998.04 889,045.94 1,006,478.72
	124,432.85 64,149.29 667,838.68 32,998.04 889,418.86 889,045.94 124,432.85 — — — 124,432.85 142,516.01 — — — — — — — 4,365.15 — — 4,365.15 5,881.61 — — — — — — — 59,784.14 — — 59,784.14 59,966.69 — — 3,476.72 — 3,476.72 3,476.72 — — 8,468.52 — 8,468.52 7,832.19 — — 918.96 — 918.96 918.96 — — 15,000.00 — 15,000.00 15,000.00 — — 16,130.47 — 16,130.47 15,561.39 — — 37,442.11 — 37,442.11 37,722.87 — — 1,891.56 — 1,891.56 3,737.65 — — — — — 4,035.87 — — 2,763.39 — 2,763.39 1,858.46 — — 1,071.36 — 1,071.36 952.08 — — 2.04 — 2.04 237.72 — — 160.99 — 160.99 160.99 — — 148,515.40 — 148,515.40 149,190.87 — — — — — — — — 418,781.46 — 418,781.46 393,996.82 — — 7,794.05 — 7,794.05 7,667.43 — — 5,421.65 — 5,421.65 5,333.57 — — — — — — — — — 32,998.04 32,998.04 32,998.04

Page 5

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 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 CCLA0008C CCLA COIF 0008C Price-Hughes Endowment CCLA1 Llanfihangel CCLA Bodafon Graves CCLA2 Llanfihangel CCLA Churchyard PT2369 Mrs L Fair Deceased Total Current assets	(3,434.63) (3,434.63) — — — — 56,638.31 50,332.17 535.68 476.04 1,071.36 952.08 17,747.13 17,458.80 7,794.05 7,667.43 22,154.14 32,154.14 — — 6,884.99 6,521.51 6,000.00 6,000.00 418,781.46 393,996.82 — — 15,252.29 14,447.07 3,234.69 2,991.59 5,233.83 4,840.60 1,249.56 1,241.14 134.50 136.90 — — 50,000.00 50,000.00
	609,277.36 585,781.66 5,902.15 6,988.50 5,165.02 1,920.98 3,533.22 7,669.81 — — 3,515.89 3,773.77 2,657.99 1,989.50 591.56 566.73 — — 147,466.82 153,483.55 748.54 748.54 — — 6,046.45 8,924.87 — — — 125.51 (76.65) 34,059.01 1,761.09 1,646.46 3,604.18 2,979.81 — — — — — 1,157.35 995.37 5,101.66 623.48 435.57 — — 18,435.15 21,451.61 15,290.96 16,157.22 — — 236.44 — — — 7,924.52 7,591.83 9,661.44 13,765.56 2.04 237.72 32,998.04 — — — — — 13,057.80 12,488.72
	280,141.50 303,264.28

Page 6

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	— —
	— —
	889,418.86 889,045.94
	(33,122.78) (37,051.23) 889,045.94 1,006,478.7 2 33,495.70 (55,381.55) — (25,000.00)
	889,418.86 889,045.94 124,432.85 142,516.01 64,149.29 65,848.30 667,838.68 647,683.59 32,998.04 32,998.04
	889,418.86 889,045.94

Page 7

Statement of assets and liabilities

	This year Last year
Investments Frederick Augustus Gough Dec 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 Eilian Church Room Proceeds General fund (Unrestricted) - Penrhosllugwy Chancel Repair Fund Chancel Repair Fund (Restricted) - St Eleth - Chancel Repair Chancel Repair Fund (Restricted) - Royal Bank of Scotland Ord. Shares General fund (Unrestricted) -	2,241.85 2,241.85 (2,241.85) (2,241.85)
	— — 56,638.31 50,332.17
	56,638.31 50,332.17 535.68 476.04
	535.68 476.04 1,071.36 952.08
	1,071.36 952.08 7,252.78 7,134.95 5,072.70 4,990.28 5,421.65 5,333.57
	17,747.13 17,458.80 7,794.05 7,667.43
	7,794.05 7,667.43 3,434.63 3,434.63 18,719.51 28,719.51
	22,154.14 32,154.14 6,884.99 6,521.51
	6,884.99 6,521.51 6,000.00 6,000.00
	6,000.00 6,000.00 418,781.46 393,996.82
	418,781.46 393,996.82 15,252.29 14,447.07
	15,252.29 14,447.07 3,234.69 2,991.59
	3,234.69 2,991.59 5,233.83 4,840.60
	5,233.83 4,840.60 1,249.56 1,241.14
	1,249.56 1,241.14

Page 8

Santander Ordinary Shares

General fund (Unrestricted) -

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 Fund (Restricted) - Churchyard Llanfihangel TB (Restricted) - Floor Fund (Restricted) - 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) - Deposit Account - Llandyfrydog Church Lands Charity (Restricted) - Church Upkeep Fund (Restricted) - Churchyard Fund (Restricted) - General fund (Unrestricted) -	134.50 136.90
	134.50 136.90
	562,711.99 539,216.29 (3,434.63) (3,434.63)
	(3,434.63) (3,434.63) 50,000.00 50,000.00
	50,000.00 50,000.00
	46,565.37 46,565.37 3,072.67 3,072.67 (3,881.99) (2,978.19) 4,116.44 6,213.66 (1,781.30) 2,355.29 1,048.58 (4,292.68) 2,241.85 2,241.85 9,784.14 9,966.69
	5,902.15 6,988.50 3,515.89 3,773.77 131.04 131.04 2,526.95 1,858.46
	3,515.89 3,773.77 591.56 566.73 147,466.82 153,483.55
	591.56 566.73 748.54 748.54
	748.54 748.54 3,476.72 3,476.72 300.00 — 5,832.59 943.44 (1,705.00) (728.00) 272.00 (28.00) 1,891.56 3,737.65 — 4,035.87 378.17 1,710.50 — 125.51 (5,909.24) (3,918.34) 3,305.10 2,213.47 3,902.18 3,577.81 — 32,998.04 160.99 160.99 (570.00) (570.00)
	6,046.45 8,924.87 918.96 918.96 15,000.00 15,000.00 1.66 1.66 (918.96) 238.39

Page 9

General fund (Unrestricted) - General fund (Unrestricted) - General fund (Unrestricted) - Maintenance Fund (Designated) - Churchyard Deposit Account-St.Gwenllwyfo Churchyard Fund (Restricted) - Cash in hand Guild Fund (Restricted) - 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) - CCLA COIF 0008C Price-Hughes Endowment Gwyneth Price Fund (Endowment) - Mrs L Fair Deceased Churchyard (Restricted) - Total for Cash at bank and in hand Grand total	993.71 5,100.00 623.48 435.57 (1,500.00) — 4,935.15 6,451.61
	— 1,157.35 15,290.96 16,157.22
	15,290.96 16,157.22 236.44 —
	236.44 — 7,924.52 7,591.83
	7,924.52 7,591.83 9,661.44 13,765.56
	9,661.44 13,765.56 2.04 237.72
	2.04 237.72 32,998.04 —
	32,998.04 — 13,057.80 12,488.72
	280,141.50 303,264.28
	889,418.86 889,045.94

Page 10

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 LlanTree - Llanerchymedd Tree F Restricted Sub-total for LlanTree	3,476.72 — — — — 3,476.72
	3,476.72 — — — — 3,476.72 — — — — — —
	— — — — — — 7,832.19 — — — 636.33 8,468.52
	7,832.19 — — — 636.33 8,468.52 918.96 — — — — 918.96
	918.96 — — — — 918.96 37,722.87 2,527.62 3,230.00 244.15 177.47 37,442.11
	37,722.87 2,527.62 3,230.00 244.15 177.47 37,442.11 15,561.39 569.08 — — — 16,130.47 — — — — — — 3,737.65 1,500.00 3,346.09 — — 1,891.56
	19,299.04 2,069.08 3,346.09 — — 18,022.03 — — — — — —
	— — — — — — 4,035.87 584.45 4,620.32 — — —
	4,035.87 584.45 4,620.32 — — — 32,998.04 — — — — 32,998.04
	32,998.04 — — — — 32,998.04 142,516.01 35,905.92 61,552.36 — 7,563.28 124,432.85
	142,516.01 35,905.92 61,552.36 — 7,563.28 124,432.85 1,858.46 971.49 66.56 — — 2,763.39
	1,858.46 971.49 66.56 — — 2,763.39 952.08 — — — 119.28 1,071.36
	952.08 — — — 119.28 1,071.36 237.72 8.47 — (244.15) — 2.04
	237.72 8.47 — (244.15) — 2.04 160.99 — — — — 160.99
	160.99 — — — — 160.99 393,996.82 — — — 24,784.64 418,781.46
	393,996.82 — — — 24,784.64 418,781.46 149,190.87 1,783.27 2,458.74 — — 148,515.40
	149,190.87 1,783.27 2,458.74 — — 148,515.40 — 908.91 908.91 — — —
	— 908.91 908.91 — — —

Page 11

MAINT - St Elian's Maintenan

MAINT - St Elian's Maintenan
Designated Sub-total for MAINT 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	— — — — — —
	— — — — — — 5,881.61 607.54 2,124.00 — — 4,365.15
	5,881.61 607.54 2,124.00 — — 4,365.15 59,966.69 1,584.00 1,766.55 — — 59,784.14
	59,966.69 1,584.00 1,766.55 — — 59,784.14 7,667.43 — — — 126.62 7,794.05
	7,667.43 — — — 126.62 7,794.05 15,000.00 — — — — 15,000.00
	15,000.00 — — — — 15,000.00 5,333.57 — — — 88.08 5,421.65
	5,333.57 — — — 88.08 5,421.65 — — — — — —
	— — — — — —
	889,045.94 46,950.75 80,073.53 — 33,495.70 889,418.86

Page 12

Analysis of income and expenditure

Total Unrestricted Designated Restricted Endowment This year Last year

INCOME AND ENDOWMENTS
Donations and legacies
0101 - Standing Order Planned	2,985.00	—	—	—	2,985.00	3,660.00
Giving
0102 - Occasional Giving via Bank	240.00	—	—	—	240.00	—
0110 - Gift Aid Envelopes -	410.00	—	—	—	410.00	40.00
Occasional
0111 - Gift Direct	535.00	—	60.00	—	595.00	—
0112 - Other planned giving	399.00	—	—	—	399.00	703.00
0113 - Weekly envelope planned	—	—	—	—	—	—
giving
0114 - Special Service Giving	—	—	—	—	—	—
Envelopes
0201 - Loose plate offering	9,778.27	—	—	—	9,778.27	9,068.82
0202 - Offerings - Weddings	125.00	—	—	—	125.00	—
0203 - Offerings - Baptisms	337.98	—	—	—	337.98	78.20
0204 - Offerings - Funerals	671.00	—	—	—	671.00	60.00
0301 - Gift day receipts	—	—	—	—	—	—
0302 - Wall safe / box donations	989.37	—	—	—	989.37	840.71
0303 - One off Gift Aid donations	—	—	—	—	—	—
0304 - Gifts of quoted securities	—	—	—	—	—	—
0305 - Donations appeals etc	10,392.60	—	2,135.44	—	12,528.04	5,282.12
0306 - Contactless Donations	—	—	—	—	—	—
0401 - Mission Boxes	—	—	—	—	—	—
0402 - Other collections/mission	—	—	—	—	—	—
appeals
0501 - Recovered HMRC Gift Aid	548.75	—	—	—	548.75	450.00
receipts
0502 - Recovered HMRC GASDS	—	—	—	—	—	—
receipts
0503 - Recovered Gift Direct Gift Aid	—	—	—	—	—	—
0601 - Legacies	—	—	1,500.00	—	1,500.00	1,000.00
0701 - Recurring grants	—	—	—	—	—	—
0702 - Non-recurring one-off grants	—	—	—	—	—	1,000.00
Total	27,411.97	—	3,695.44	—	31,107.41	22,182.85
Income from charitable activities
0901 - Fees for Occasional Offices	1,062.00	—	—	—	1,062.00	3,724.00
0902 - Wedding fee	1,573.00	—	—	—	1,573.00	2,460.00
0903 - Blessing fee	—	—	—	—	—	—
0904 - Publication of Banns	—	—	—	—	—	40.00
0905 - Funeral fee	1,365.00	—	—	—	1,365.00	1,684.00
0906 - Burial fee	—	—	938.00	—	938.00	3,123.00
0907 - Memorial fee	—	—	197.00	—	197.00	522.00
0908 - Search of registers	—	—	—	—	—	—
Total	4,000.00	—	1,135.00	—	5,135.00	11,553.00
Other trading activities
0801 - Fund raising	1,605.19	—	349.45	—	1,954.64	1,798.48
0802 - Other funds generated	—	—	—	—	—	—
0803 - Hall Rental Income	—	—	—	—	—	—
0804 - Magazine/other publication	397.50	—	—	—	397.50	86.00
sales
0805 - Sundry income	685.59	372.60	219.96	—	1,278.15	566.01

Page 13

0806 - Printing Income 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	— — — — — 70.00 — — — — — — — — — — — —
	2,688.28 372.60 569.41 — 3,630.29 2,520.49 998.94 — — — 998.94 1,399.09 806.73 234.94 3,453.44 — 4,495.11 885.70 — 1,584.00 — — 1,584.00 3,432.00
	1,805.67 1,818.94 3,453.44 — 7,078.05 5,716.79 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
	— — — — — —
INCOME TOTAL	35,905.92 2,191.54 8,853.29 — 46,950.75 41,973.13

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	101.41	—	16.00	—	117.41	0.04
Total	101.41	—	16.00	—	117.41	0.04
Expenditure on charitable activities
2001 - Diocesan share	40,539.04	—	—	—	40,539.04	47,569.50
2101 - Clergy expenses	—	—	—	—	—	4.60
2102 - Clergy expenses - mileage	1,628.55	—	—	—	1,628.55	883.41
2103 - Clergy expenses -	149.57	—	—	—	149.57	192.45
printing/postage/stati
2104 - Clergy expenses - equipment	—	—	—	—	—	407.49
2120 - Council tax	886.78	—	—	—	886.78	—
2145 - Parsonage - water	923.25	—	—	—	923.25	225.38
2146 - Parsonage - gas	—	—	—	—	—	—
2147 - Parsonage - electricity	330.35	—	—	—	330.35	176.41
2148 - Parsonage -	17.90	—	—	—	17.90	14.13
Oil/wood/LPG/other
2149 - Parsonage - other expenses	—	—	—	—	—	219.96
2150 - Clergy -	203.45	—	—	—	203.45	—
telephone/mobile/internet
2170 - Professional development &	—	—	—	—	—	—
training cost
2201 - Assistant clergy	—	—	—	—	—	—
fees/expenses
2202 - Readers Expenses	—	—	—	—	—	—
2203 - Curate expenses	—	—	—	—	—	—
2210 - Readers expenses - mileage	—	—	—	—	—	—

Page 14

2211 - Readers expenses -	—	—	—	—	—	—
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	234.45	—	103.37	—	337.82	143.46
2341 - Costs of vergers, organists	—	—	—	—	—	—
and choir
2342 - Music & performance	675.44	—	—	—	675.44	366.00
expenses
2343 - Music Instrument	83.50	—	222.00	—	305.50	—
Tuning/Maintenance
2344 - Costs of digital services	—	—	—	—	—	—
(streaming, su
2345 - Costs of Copyright License	—	—	—	—	—	267.05
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	—	—	52.09	—	52.09	863.49
2406 - Admin/Staff Salary	—	—	—	—	—	—
2407 - Depreciation	—	—	—	—	—	—
2408 - Leasing and Hire purchase	—	—	—	—	—	—
charges
2409 - Professional Fees	13.00	—	—	—	13.00	—
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	215.00	—	25.00	—	240.00	150.00
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 -	4,983.06	—	898.10	—	5,881.16	4,804.87
insurance
2502 - Church operating costs -	2,852.46	—	65.00	—	2,917.46	2,118.23
electricity
2503 - Church operating costs - gas	1,724.75	—	735.44	—	2,460.19	1,147.85
2504 - Church operating costs - water	291.59	—	—	—	291.59	256.99
2505 - Church operating costs - other	122.80	—	23.10	—	145.90	375.60
2506 - Church operating costs -	—	—	—	—	—	—
oil/LPG
2507 - Interest on parish loans	—	—	—	—	—	—
2508 - Church repairs and	2,273.69	2,124.00	1,100.00	—	5,497.69	4,890.76
maintenance

Page 15

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	1,090.00 — — — 1,090.00 84.00 — — — — — — 154.20 — 760.20 — 914.40 602.74 — — 6,010.00 — 6,010.00 7,819.00 — — — — — — 14.00 — — — 14.00 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 50.00 1,766.55 — — 1,816.55 3,262.36 — — — — — 583.50 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 930.00 300.00 — — — 300.00 — — — — — — — — — — — — — 1,266.39 — 4,620.32 — 5,886.71 — — — — — — — — — — — — — — — — — — — 33.75 — — — 33.75 — — — — — — — — — — — — — — — — — — — — — — — — — 393.98 — — — 393.98 357.29 — — — — — 307.80
	61,450.95 3,890.55 14,614.62 — 79,956.12 79,024.32 — — — — — — — — — — — — — — — — — —

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

1,090.00
—
—
—
1,090.00
84.00
—
—
—
—
—
—
154.20
—
760.20
—
914.40
602.74
—
—
6,010.00
—
6,010.00
7,819.00
—
—
—
—
—
—
14.00
—
—
—
14.00
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
50.00
1,766.55
—
—
1,816.55
3,262.36
—
—
—
—
—
583.50
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
930.00
300.00
—
—
—
300.00
—
—
—
—
—
—
—
—
—
—
—
—
—
1,266.39
—
4,620.32
—
5,886.71
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
33.75
—
—
—
33.75
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
393.98
—
—
—
393.98
357.29
—
—
—
—
—
307.80

61,450.95
3,890.55
14,614.62
—
79,956.12
79,024.32
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Page 16

3004 - Loans received repayments 3005 - Loss on sale of fixed asset Total	— — — — — — — — — — — —
	— — — — — —
EXPENDITURE TOTAL	61,552.36 3,890.55 14,630.62 — 80,073.53 79,024.36

GRAND TOTAL	(25,646.44) (1,699.01) (5,777.33) — (33,122.78) (37,051.23)

Page 17

INOfPENDENT EXAMINEfS REPOftTTO BRO ELEfH PAROCHIAL CMURCM C(XINCIL I on the frjr theTrwr endet131" OeteMbw20ZJ The Paiothlal Church cou1 IPCCI afe respDnsibbe Tho PCC coftsth ih•i an Irt Is r¥)1 reguY¢d try thi5 5ed>Tr IW21 thi Ch•witiesAd 2011 Iihe 2011 Aall and ihai •n eptm exarniN¢w is needed. It ts rry rryy0nblIlty to.. MI the accounts und¢r seniw 14$ 01 fv 201) A(11.' ¢0 lollow the protedurts la down ihe General Owertionser4V * tsOwlty Commisswws %e(14oh 14515Mbl of tht 2011 Artl. lo stat¢ whether pOrtKlr m•ttrt h•v come to my •ttwrtio Daslsof Indtpend¢nl rep My examin6tion was Ca•ell oul in accordw4¢¢ ¥Ath thyrI1 ttcT¥T cornm1551. eumlwlon KhJdt$ 4 review of rttords kepi 11(¥¥1 4 comp•ii%)n of x£ounis weserf•d wrth those rn(¢yd& 11 also inckwjes (or&4Jelkn d • unusual Items dls¢losures in tht •t(ounts. and kIneXPltASfr0fft as trusrets cM¢tmry iny %h n4tters. Tht do i• the ev11e thai be reqLwred in an •udil and ng opinion 1$ asw ihe WE5ert4 'iiue and f•if view, and the report v4 Imrted w ihw rrttefSi Qui in Swe11 be4xt. In cMnectK)n 1h rty exèminatth. no mattèr h•s(on th ntyttert#)n". I I I whKh 8Nes me roas(wutybe c•use io 11 ih•t in •rry m•teei•l resptrt tte to keep accouniine recwds ac(otdante wth sertion I01 ihe 2011 kt.. •nd . io prtp•re Kcouftis tord the4cco. recordsnd tr• •c(ountln8 reguirements of the 2011 Act not been moi,. or 121 to wthich. in •ti••itM shtyJld be dra¥m in onlw toeMI • ifw Page 18

Conclusion and Plans

The loss made in 2023 has been covered by the gains made by our investments with a small profit,
An analysis of general purchasing by church was carried out during 2023 by the MA Treasurer and the results presented to the MAC members representing the individual churches. Some churches embraced this analysis and changed contracts with their utility providers to reduce their costs,
Members of the Ministry Area Council (MAC) and Church Treasurers need to find potential synergies and follow them through in order to further 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,
Fund raising is key and ways must be found of raising significant funds to mitigate our drain on unrestricted funds due to continuing losses,
The rental property in Llanerchymedd is now empty and will go to auction during 2024. Expenditure on Council Tax is anticipated up to the point of sale but once that has taken place it will be a welcome injection of liquid funds into the designated fund category.

This report dated: 1st March 2024

Page 19