## **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| Page 14 ## **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 Thp PCC ¢wsk•ErJ th￿ IS￿ v•q¥w•d lot ••tf#* 14421 . tr* x¢o¥nts iA5oflI• Xlll Artk . i•*1•p•(￿J￿y1 wrtthin ly)￿￿• ]011 Aci. Page 16 ## **Conclusion and Plans** - 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. - 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 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 Page 17