Ardal Weinidogaeth Bro Eleth Ministry Area
End of Year Financial Statements & Report
Year ending 2024
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 2024 to 31[st] December 2024.
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.
For explanation and brevity purposes within the text of this report, the use of rounding to the nearest fraction of a thousand has been made (£1.0k).
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. It has been a difficult year within our community as two of our leaders passed away in 2024. They will be sadly missed. Thanks to all congregation members who stepped up to help with their administrative roles.
Analysis of Income/Expenditure
Income
-
Total overall income for 2024 was £45k compared to £47k in 2023 showing a negative variance year to year of £2k,
-
Overall giving (collections, gift aid, donations, and other offerings) compared to 2023 was down by £5.6k due mainly to a gift of £4k received by Llaneilian Church in 2023 but not repeated in 2024 and a sizeable legacy received by St Gwenllwyfo in 2023,
-
Income from charitable activities which includes funeral services, weddings and burials showed an increase of approximately £4.4k due mainly to an increase in burial fees received,
Page 2
-
Other trading activities which include fund raising was down on last year by £400 from £3.6k in 2023 to £3.2k. It should be noted of the continuing sterling efforts by St Eilian, St Eleth and St Gwenllwyfo, in raising funds for their churches. It is important that all churches perform this function,
-
Returns on investments (shares, property and cash reserves) decreased by approximately £400 due mainly to a lack of rental income from the house in Llanerchymedd as the house was put on the market in 2024. Although a small reduction in dividends was experienced in 2024, higher rates of interest throughout the year compared to 2023 compensated for the majority of the losses
Expenditure
-
Overall expenditure in 2024 was £109.5k compared to 2023 at £80k, an increase of £29.5k. As these numbers cover all fund categories (Unrestricted, Designated and Restricted) it should be noted that a vital major building project was carried out at our Grade-1 listed church at Llaneilian to the value of £30.2k which was paid from a large invested restricted reserve held by the Representative Body of the Church in Wales. Therefore in reality, our ‘normal’ expenditure in 2024 was £79.3k compared to £80k in 2023, a small reduction of £0.7k,
-
Throughout the year there were positive and negative variances at the various nominal code level i.e. some expenses rose with inflation etc and others fell due to a change in service requirements, suppliers, prudence and renegotiations of contracts. However, as stated above, the overall difference of ‘normal’ spend between 2024 and 2023 was only £0.7k so with each increase in some cost, savings other costs had a compensatory effect. The main variances are listed below:-
-
Diocesan Share (BMF) shows an increase from the previous year of £7.7k. This difference is due to an increase from the diocese of 2.33% and a late payment of £2.7k from one of the churches that should have been paid in 2023 but due to cash flow problems at the end of last year was not paid until 2024,
-
Council tax of £2.2k was paid in 2024 on the property at Llanerchymedd. However, as the property was placed on the market in July, then much of this has been claimed back but the benefit of this credit will be in the 2025 accounts not 2024 accounts,
-
Electricity and Gas combined expenses increased by £823 due to general utility rates going up, However, some churches have renegotiated contracts to fix usage rates and to lower daily rates,
-
Churchyard management costs and grass cutting reduced from £6k to £5.4k due mainly to a renegotiation of the scope of the cutting of the churchyards due to environmental considerations,
-
Church cleaning costs were down compared to 2023 to the value of £700,
-
Fire protection costs were up £0.9k due to extra work being required at Llaneilian Church to protect the Grade-1 listed building,
Page 3
- A VAT reclaim of £0.95k was received in 2024 following the floor replacement project that was carried out and financed at Penrhoslligwy in 2023. In the accounts, this is shown as a negative expense,
Gain/(Loss)
Bro Eleth made an overall loss in 2024 of £65k compared to 2023 of £33k. However, as explained above, if we remove the major building cost of £30.2k, the loss due to ‘normal’ income and expenditure was £34.8k, an increase of only £1.8k compared to 2023.
I believe that this demonstrates that we are managing to keep our income and expenditure account stable although we do need to explore other revenue streams and look for further cost reductions where possible.
Balance Sheet
This can be summarised by the following table that shows a snapshot of our financial position as at 31[st] December 2024. This table appears within the 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 on year : -
| Represented by Funds(£) | Represented by Funds(£) | Represented by Funds(£) | Represented by Funds(£) | Represented by Funds(£) | Represented by Funds(£) |
|---|---|---|---|---|---|
| Fund Type | 2024 | 2023 | Gain/(Loss) 2024 v 2023 |
2024 % 0f Total |
2023 % 0f Total |
| Unrestricted | 98,508.68 | 124,432.85 | (25,924.17) | 11.4% | 14.0% |
| Designated | 65,303.01 | 64,149.29 | 1,153.72 | 7.5% | 7.2% |
| Restricted | 668,444.14 | 667,838.68 | 605.46 | 77.3% | 75.1% |
| Endowment | 32,998.04 | 32,998.04 | 0.00 | 3.8% | 3.7% |
| 865,253.87 | 889,418.86 | (24,164.99) |
As can be seen the total funds belonging to Bro Eleth actually reduced in value by £24k. The significant reasons for this are as follows: -
-
The main reasons for the loss on Unrestricted is shown on the Analysis of Income and Expenditure report and we drew on various unrestricted reserves to help our cash flow,
-
The value of restricted reserves show only a small difference between 2023 and 2024 despite the building project funded by restricted funding mentioned earlier in this report. The building costs of
Page 4
£30.2k were fully compensated by the gain on the Church Lands investment which increased year on year by £31k,
-
It is important to note the change in profile of our asset categories as indicated in the last two columns of the table particularly Unrestricted and Restricted. It shows that only 19% of our total asssets can be used to pay for ‘normal’ expenditure. However, it must be stated that Llaneilian can pay for much of their ‘normal’ expenditure from restricted funds due to a legacy allowing them to do so.
-
It must also be stated that at the time of writing this report, the house at Llanerchymedd has been sold subject to finance and contract. It is hoped that the proceeds will be held in unrestricted reserves to provide relief for the growing number of churches within our Ministry Area that are under financial pressure.
Page 5
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 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 Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Maintenance Fund Revaluation reserves Tan yr Hall Restricted Bodavon Graves (Llanfihangel TB) Chancel Repair Fund Church Lands Charity Church Upkeep Fund Churchyard Churchyard Fund Churchyard Llanfihangel TB Guild Fund Hall Fund Hughie Lewis Fund Josie Thomas Fund Legacy Fund St Eilian Church Lands Charity Tierney Fund Youth Fund Endowment Gwyneth Price Fund |
23,027.84 1,710.00 744.21 — 25,482.05 31,107.41 3,747.00 — 5,819.00 — 9,566.00 5,135.00 2,921.20 — 309.64 — 3,230.84 3,630.29 1,308.20 239.88 5,071.68 — 6,619.76 7,078.05 |
| 31,004.24 1,949.88 11,944.53 — 44,898.65 46,950.75 621.04 — — — 621.04 117.41 63,688.14 2,788.01 40,579.29 — 107,055.44 79,956.12 1,740.00 — — — 1,740.00 — |
|
| 66,049.18 2,788.01 40,579.29 — 109,416.48 80,073.53 4,208.10 — 36,144.74 — 40,352.84 33,495.70 |
|
| (30,836.84) (838.13) 7,509.98 — (24,164.99) 372.92 7,154.52 2,241.85 — — 9,396.37 244.15 (2,241.85) (250.00) (6,904.52) — (9,396.37) (244.15) |
|
| (25,924.17) 1,153.72 605.46 — (24,164.99) 372.92 |
|
| 124,432.85 64,149.29 667,838.68 32,998.04 889,418.86 889,045.94 |
|
| 98,508.68 65,303.01 668,444.14 32,998.04 865,253.87 889,418.86 98,508.68 — — — 98,508.68 124,432.85 — 6,065.03 — — 6,065.03 4,365.15 — 2,241.85 — — 2,241.85 — — 56,996.13 — — 56,996.13 59,784.14 — — 3,476.72 — 3,476.72 3,476.72 — — 9,140.91 — 9,140.91 8,468.52 — — 918.96 — 918.96 918.96 — — 9,940.00 — 9,940.00 15,000.00 — — 16,790.42 — 16,790.42 16,130.47 — — 41,369.87 — 41,369.87 37,442.11 — — 231.56 — 231.56 1,891.56 — — 2,932.21 — 2,932.21 2,763.39 — — 1,125.86 — 1,125.86 1,071.36 — — 2.04 — 2.04 2.04 — — 160.99 — 160.99 160.99 — — 119,750.44 — 119,750.44 148,515.40 — — 449,973.23 — 449,973.23 418,781.46 — — 7,449.18 — 7,449.18 7,794.05 — — 5,181.75 — 5,181.75 5,421.65 — — — 32,998.04 32,998.04 32,998.04 |
Page 6
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 |
(3,434.63) (3,434.63) — — — — 38,740.74 56,638.31 562.93 535.68 1,125.86 1,071.36 16,961.86 17,747.13 7,449.18 7,794.05 13,617.11 22,154.14 — — 6,884.99 6,884.99 6,000.00 6,000.00 449,973.23 418,781.46 — — — 15,252.29 3,491.48 3,234.69 5,649.43 5,233.83 1,881.83 1,249.56 369.00 134.50 — — 50,000.00 50,000.00 |
| 599,273.01 609,277.36 530.91 5,902.15 5,000.87 5,165.02 6,799.57 3,533.22 — — 15,757.19 3,515.89 2,842.20 2,657.99 621.87 591.56 — — 120,526.12 147,466.82 748.54 748.54 — — 12,422.73 6,046.45 — — — — 8,422.13 (76.65) 661.05 1,761.09 4,664.26 3,604.18 — — — — — — 942.93 995.37 840.75 623.48 — — 14,075.03 18,435.15 13,311.85 15,290.96 — — 221.05 236.44 — — — 7,924.52 10,873.98 9,661.44 2.04 2.04 32,998.04 32,998.04 — — — — 13,717.75 13,057.80 |
Page 7
Total Current assets
| Total Current assets 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 |
265,980.86 280,141.50 — — |
|---|---|
| — — |
|
| 865,253.87 889,418.86 |
|
| (64,517.83) (29,780.66) 889,418.86 885,703.82 40,352.84 33,495.70 — — |
|
| 865,253.87 889,418.86 98,508.68 124,432.85 65,303.01 64,149.29 668,444.14 667,838.68 32,998.04 32,998.04 |
|
| 865,253.87 889,418.86 |
Page 8
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) |
| — — 38,740.74 56,638.31 |
|
| 38,740.74 56,638.31 562.93 535.68 |
|
| 562.93 535.68 1,125.86 1,071.36 |
|
| 1,125.86 1,071.36 6,931.86 7,252.78 4,848.25 5,072.70 5,181.75 5,421.65 |
|
| 16,961.86 17,747.13 7,449.18 7,794.05 |
|
| 7,449.18 7,794.05 3,434.63 3,434.63 10,182.48 18,719.51 |
|
| 13,617.11 22,154.14 6,884.99 6,884.99 |
|
| 6,884.99 6,884.99 6,000.00 6,000.00 |
|
| 6,000.00 6,000.00 449,973.23 418,781.46 |
|
| 449,973.23 418,781.46 — 15,252.29 |
|
| — 15,252.29 3,491.48 3,234.69 |
|
| 3,491.48 3,234.69 5,649.43 5,233.83 |
|
| 5,649.43 5,233.83 1,881.83 1,249.56 |
|
| 1,881.83 1,249.56 |
Page 9
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) - General fund (Unrestricted) - General fund (Unrestricted) - General fund (Unrestricted) - General fund (Unrestricted) - Josie Thomas Fund (Restricted) - Maintenance Fund (Designated) - 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) - |
369.00 134.50 |
|---|---|
| 369.00 134.50 |
|
| 552,707.64 562,711.99 (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 (6,465.22) (3,881.99) 5,776.55 4,116.44 1,485.05 (1,781.30) (775.68) 1,048.58 2,241.85 2,241.85 6,996.13 9,784.14 |
|
| 530.91 5,902.15 15,757.19 3,515.89 131.04 131.04 2,711.16 2,526.95 |
|
| 15,757.19 3,515.89 621.87 591.56 120,526.12 147,466.82 |
|
| 621.87 591.56 748.54 748.54 |
|
| 748.54 748.54 3,476.72 3,476.72 2,676.00 300.00 8,130.59 5,832.59 (2,491.00) (1,705.00) 1,372.00 272.00 231.56 1,891.56 6,038.45 378.17 291.54 (5,909.24) 2,991.06 3,305.10 2,862.26 3,902.18 160.99 160.99 430.00 (570.00) |
|
| 12,422.73 6,046.45 918.96 918.96 9,940.00 15,000.00 1.66 1.66 (918.96) (918.96) 941.27 993.71 840.75 623.48 (1,500.00) (1,500.00) |
Page 10
| 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 |
5,635.03 4,935.15 |
|---|---|
| — — 13,311.85 15,290.96 |
|
| 13,311.85 15,290.96 221.05 236.44 |
|
| 221.05 236.44 — 7,924.52 |
|
| — 7,924.52 10,873.98 9,661.44 |
|
| 10,873.98 9,661.44 2.04 2.04 |
|
| 2.04 2.04 32,998.04 32,998.04 |
|
| 32,998.04 32,998.04 13,717.75 13,057.80 |
|
| 265,980.86 280,141.50 |
|
| 865,253.87 889,418.86 |
Page 11
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 — — — — — — |
|
| — — — — — — 8,468.52 — — — 672.39 9,140.91 |
|
| 8,468.52 — — — 672.39 9,140.91 918.96 — — — — 918.96 |
|
| 918.96 — — — — 918.96 37,442.11 8,171.43 3,750.00 (200.00) (293.67) 41,369.87 |
|
| 37,442.11 8,171.43 3,750.00 (200.00) (293.67) 41,369.87 16,130.47 659.95 — — — 16,790.42 — — — — — — 1,891.56 — 1,660.00 — — 231.56 |
|
| 18,022.03 659.95 1,660.00 — — 17,021.98 — — — — — — |
|
| — — — — — — — — — — — — |
|
| — — — — — — 32,998.04 — — — — 32,998.04 |
|
| 32,998.04 — — — — 32,998.04 124,432.85 31,004.24 66,049.18 4,912.67 4,208.10 98,508.68 |
|
| 124,432.85 31,004.24 66,049.18 4,912.67 4,208.10 98,508.68 2,763.39 853.85 685.03 — — 2,932.21 |
|
| 2,763.39 853.85 685.03 — — 2,932.21 1,071.36 — — — 54.50 1,125.86 |
|
| 1,071.36 — — — 54.50 1,125.86 2.04 — — — — 2.04 |
|
| 2.04 — — — — 2.04 160.99 — — — — 160.99 |
|
| 160.99 — — — — 160.99 418,781.46 — — (5,104.52) 36,296.29 449,973.23 |
|
| 418,781.46 — — (5,104.52) 36,296.29 449,973.23 148,515.40 2,059.30 30,824.26 — — 119,750.44 |
|
| 148,515.40 2,059.30 30,824.26 — — 119,750.44 — — — — — — |
|
| — — — — — — |
Page 12
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 ZReval - Revaluation reserves Designated Sub-total for ZReval hChurchyar - Churchyard Fund Restricted Sub-total for hChurchyar Grand total |
— — — — — — |
| — — — — — — 4,365.15 1,949.88 — (250.00) — 6,065.03 |
|
| 4,365.15 1,949.88 — (250.00) — 6,065.03 59,784.14 — 2,788.01 — — 56,996.13 |
|
| 59,784.14 — 2,788.01 — — 56,996.13 7,794.05 — — — (344.87) 7,449.18 |
|
| 7,794.05 — — — (344.87) 7,449.18 15,000.00 200.00 3,660.00 (1,600.00) — 9,940.00 |
|
| 15,000.00 200.00 3,660.00 (1,600.00) — 9,940.00 5,421.65 — — — (239.90) 5,181.75 |
|
| 5,421.65 — — — (239.90) 5,181.75 — — — 2,241.85 — 2,241.85 |
|
| — — — 2,241.85 — 2,241.85 — — — — — — |
|
| — — — — — — |
|
| 889,418.86 44,898.65 109,416.48 — 40,352.84 865,253.87 |
Page 13
Analysis of income and expenditure
| Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies 0101 - Standing Order Planned Giving 325.00 — — — 325.00 2,985.00 0102 - Occasional Giving via Bank 350.00 — — — 350.00 240.00 0110 - Gift Aid Envelopes - Occasional 47.00 — — — 47.00 410.00 0111 - Gift Direct 2,893.50 — — — 2,893.50 595.00 0112 - Other planned giving 438.00 — — — 438.00 399.00 0201 - Loose plate offering 8,609.80 — — — 8,609.80 9,778.27 0202 - Offerings - Weddings — — — — — 125.00 0203 - Offerings - Baptisms 192.63 — — — 192.63 337.98 0204 - Offerings - Funerals — — — — — 671.00 0302 - Wall safe / box donations 634.40 — — — 634.40 989.37 0305 - Donations appeals etc 6,580.49 100.00 544.21 — 7,224.70 12,528.04 0306 - Contactless Donations 870.52 — — — 870.52 — 0501 - Recovered HMRC Gift Aid receipts 599.00 — — — 599.00 548.75 0503 - Recovered Gift Direct Gift Aid 37.50 — — — 37.50 — 0601 - Legacies — — 200.00 — 200.00 1,500.00 0702 - Non-recurring one-off grants 1,450.00 1,610.00 — — 3,060.00 — Total 23,027.84 1,710.00 744.21 — 25,482.05 31,107.41 Income from charitable activities 0901 - Fees for Occasional Offices 1,002.00 — 581.00 — 1,583.00 1,062.00 0902 - Wedding fee 1,515.00 — — — 1,515.00 1,573.00 0905 - Funeral fee 1,230.00 — 581.00 — 1,811.00 1,365.00 0906 - Burial fee — — 4,068.00 — 4,068.00 938.00 0907 - Memorial fee — — 589.00 — 589.00 197.00 Total 3,747.00 — 5,819.00 — 9,566.00 5,135.00 Other trading activities 0801 - Fund raising 2,239.37 — — — 2,239.37 1,954.64 0802 - Other funds generated 200.00 — — — 200.00 — 0804 - Magazine/other publication sales 116.00 — — — 116.00 397.50 0805 - Sundry income 365.83 — 309.64 — 675.47 1,278.15 Total 2,921.20 — 309.64 — 3,230.84 3,630.29 Investments 1001 - Dividends/investment income 709.86 — — — 709.86 998.94 1020 - Bank and building society interest 598.34 239.88 5,071.68 — 5,909.90 4,495.11 1030 - Rent from investment land or buildings — — — — — 1,584.00 Total 1,308.20 239.88 5,071.68 — 6,619.76 7,078.05 |
Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies 0101 - Standing Order Planned Giving 325.00 — — — 325.00 2,985.00 0102 - Occasional Giving via Bank 350.00 — — — 350.00 240.00 0110 - Gift Aid Envelopes - Occasional 47.00 — — — 47.00 410.00 0111 - Gift Direct 2,893.50 — — — 2,893.50 595.00 0112 - Other planned giving 438.00 — — — 438.00 399.00 0201 - Loose plate offering 8,609.80 — — — 8,609.80 9,778.27 0202 - Offerings - Weddings — — — — — 125.00 0203 - Offerings - Baptisms 192.63 — — — 192.63 337.98 0204 - Offerings - Funerals — — — — — 671.00 0302 - Wall safe / box donations 634.40 — — — 634.40 989.37 0305 - Donations appeals etc 6,580.49 100.00 544.21 — 7,224.70 12,528.04 0306 - Contactless Donations 870.52 — — — 870.52 — 0501 - Recovered HMRC Gift Aid receipts 599.00 — — — 599.00 548.75 0503 - Recovered Gift Direct Gift Aid 37.50 — — — 37.50 — 0601 - Legacies — — 200.00 — 200.00 1,500.00 0702 - Non-recurring one-off grants 1,450.00 1,610.00 — — 3,060.00 — Total 23,027.84 1,710.00 744.21 — 25,482.05 31,107.41 Income from charitable activities 0901 - Fees for Occasional Offices 1,002.00 — 581.00 — 1,583.00 1,062.00 0902 - Wedding fee 1,515.00 — — — 1,515.00 1,573.00 0905 - Funeral fee 1,230.00 — 581.00 — 1,811.00 1,365.00 0906 - Burial fee — — 4,068.00 — 4,068.00 938.00 0907 - Memorial fee — — 589.00 — 589.00 197.00 Total 3,747.00 — 5,819.00 — 9,566.00 5,135.00 Other trading activities 0801 - Fund raising 2,239.37 — — — 2,239.37 1,954.64 0802 - Other funds generated 200.00 — — — 200.00 — 0804 - Magazine/other publication sales 116.00 — — — 116.00 397.50 0805 - Sundry income 365.83 — 309.64 — 675.47 1,278.15 Total 2,921.20 — 309.64 — 3,230.84 3,630.29 Investments 1001 - Dividends/investment income 709.86 — — — 709.86 998.94 1020 - Bank and building society interest 598.34 239.88 5,071.68 — 5,909.90 4,495.11 1030 - Rent from investment land or buildings — — — — — 1,584.00 Total 1,308.20 239.88 5,071.68 — 6,619.76 7,078.05 |
|---|---|
| 23,027.84 1,710.00 744.21 — 25,482.05 31,107.41 1,002.00 — 581.00 — 1,583.00 1,062.00 1,515.00 — — — 1,515.00 1,573.00 1,230.00 — 581.00 — 1,811.00 1,365.00 — — 4,068.00 — 4,068.00 938.00 — — 589.00 — 589.00 197.00 |
|
| 3,747.00 — 5,819.00 — 9,566.00 5,135.00 2,239.37 — — — 2,239.37 1,954.64 200.00 — — — 200.00 — 116.00 — — — 116.00 397.50 365.83 — 309.64 — 675.47 1,278.15 |
|
| 2,921.20 — 309.64 — 3,230.84 3,630.29 709.86 — — — 709.86 998.94 598.34 239.88 5,071.68 — 5,909.90 4,495.11 — — — — — 1,584.00 |
|
| 1,308.20 239.88 5,071.68 — 6,619.76 7,078.05 |
|
| INCOME TOTAL | 31,004.24 1,949.88 11,944.53 — 44,898.65 46,950.75 |
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EXPENDITURE
Raising funds
| 3104 - Costs of fund raising | 621.04 | — | — | — | 621.04 | 117.41 |
|---|---|---|---|---|---|---|
| Total | 621.04 | — | — | — | 621.04 | 117.41 |
| Expenditure on charitable activities | ||||||
| 2001 - Diocesan share | 48,281.00 | — | — | — | 48,281.00 | 40,539.04 |
| 2102 - Clergy expenses - mileage | 1,365.48 | — | — | — | 1,365.48 | 1,628.55 |
| 2103 - Clergy expenses - | 12.73 | — | — | — | 12.73 | 149.57 |
| printing/postage/stati | ||||||
| 2120 - Council tax | — | 2,154.19 | — | — | 2,154.19 | 886.78 |
| 2145 - Parsonage - water | 897.47 | — | — | — | 897.47 | 923.25 |
| 2147 - Parsonage - electricity | 526.58 | — | — | — | 526.58 | 330.35 |
| 2148 - Parsonage - | — | — | — | — | — | 17.90 |
| Oil/wood/LPG/other | ||||||
| 2150 - Clergy - | 246.00 | — | — | — | 246.00 | 203.45 |
| telephone/mobile/internet | ||||||
| 2340 - Maintenance of services | 285.29 | — | — | — | 285.29 | 337.82 |
| 2342 - Music & performance | 700.24 | — | — | — | 700.24 | 675.44 |
| expenses | ||||||
| 2343 - Music Instrument | — | — | — | — | — | 305.50 |
| Tuning/Maintenance | ||||||
| 2403 - Cost of printing, post and | 35.35 | — | — | — | 35.35 | — |
| stationery | ||||||
| 2405 - Office and general expenditure | — | — | 325.03 | — | 325.03 | 52.09 |
| 2409 - Professional Fees | — | — | — | — | — | 13.00 |
| 2415 - Gifts to individuals | 234.00 | — | — | — | 234.00 | 240.00 |
| 2501 - Church operating costs - | 4,960.45 | — | 990.11 | — | 5,950.56 | 5,881.16 |
| insurance | ||||||
| 2502 - Church operating costs - | 2,566.50 | — | 1,608.97 | — | 4,175.47 | 2,917.46 |
| electricity | ||||||
| 2503 - Church operating costs - gas | 1,278.53 | — | 750.77 | — | 2,029.30 | 2,460.19 |
| 2504 - Church operating costs - water | 275.86 | — | — | — | 275.86 | 291.59 |
| 2505 - Church operating costs - other | 1,005.95 | — | — | — | 1,005.95 | 145.90 |
| 2508 - Church repairs and | 182.49 | — | 30,245.81 | — | 30,428.30 | 5,497.69 |
| maintenance | ||||||
| 2509 - Church Cleaning | 300.00 | — | — | — | 300.00 | 1,090.00 |
| 2510 - Church operating costs - | 587.52 | — | — | — | 587.52 | — |
| tel/mob/interne | ||||||
| 2511 - Church operating costs - fire | 529.70 | — | 1,248.60 | — | 1,778.30 | 914.40 |
| equipment, | ||||||
| 2601 - Churchyard management | — | — | 4,210.00 | — | 4,210.00 | 6,010.00 |
| costs | ||||||
| 2603 - Church hall operating costs - | — | — | — | — | — | 14.00 |
| electric | ||||||
| 2612 - Other property | — | — | — | — | — | 1,816.55 |
| repairs/maintenance | ||||||
| 2613 - Other property - insurance | — | 633.82 | — | — | 633.82 | — |
| 2641 - Churchyard grass cutting | — | — | 1,200.00 | — | 1,200.00 | — |
| 2642 - Churchyard structural repairs | 125.00 | — | — | — | 125.00 | 300.00 |
| 2701 - Major building repairs and | (952.00) | — | — | — | (952.00) | 5,886.71 |
| renovations | ||||||
| 2805 - Cost of mission & evangelism | — | — | — | — | — | 33.75 |
| 2903 - Support of UK charities | 244.00 | — | — | — | 244.00 | 393.98 |
| Total | 63,688.14 | 2,788.01 | 40,579.29 | — | 107,055.44 | 79,956.12 |
Other expenditure
| Other | expenditure | ||
|---|---|---|---|
| 3003 | - Loans made | 1,740.00 | |
| Total | 1,740.00 | ||
| EXPENDITURE TOTAL | 66,049.18 | ||
| GRAND TOTAL | (35,044.94) |
Page 15
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Conclusion and Plans
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Bro Eleth made an overall loss in 2024 of £65k compared to 2023 of £33k. However, as explained above, if we remove the major building cost of £30.2k, the loss due to ‘normal’ income and expenditure was £34.8k, an increase of only £1.8k compared to 2023.
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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,
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Although interest rates have improved since the end of the last financial year, we must discover better ways of improving our return on investments,
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Fund raising is key and ways must be found of raising significant funds to mitigate our drain on unrestricted funds due to continuing losses,
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The property at Llanerchymedd, at the time of writing this report, has been sold subject to finance and contract. The proceeds will be a welcome injection of liquid funds into our accounts to help ease the financial pressures of our churches. Expenditure on Council Tax up to the point of sale is expected to be credited in 2025.
This report dated: 19[th] March 2025
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