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||||Page|
|---|---|---|---|
|Trustees' Report|||1-17|
|Auditors'
Report|||18-20|
|Statement of Financial|Activities||21-23|
|Summary of Income and Expenditure||Account and|24|
|Statement ofChanges|in Equity|||
|Balance Sheet|||25-26|
|Cashflow Statement|||27|
|Notes to the Accounts|||29-SB|
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|Clergy Stipend
Levels|2022|2021|
|---|---|---|
|Assistant
Curate|21,990|21,559|
|Incumbent
and Vicar in Rectorial Benefice|25,870|25,363|
|Rector of Rectorial Benefice|27,164|26,631|
|Residentiary
Canon|29,751|29,167|
|Archdeacon|39,581|38,805|
|Dean|40,099|39,313|
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|||||Forthe Year Ended 31Decemb|Forthe Year Ended 31Decemb|er 2022|er 2022|||
|---|---|---|---|---|---|---|---|---|---|
|||||Unreslrlcted||gesulctsd|||Total|
||||||||Capital|||
|||||General|Designated|Income|Permanent|||
|||||Funds|Funds|Funds|Endowment|||
||||||||Funds|||
||||||||2022|||
||||||||E|||
|INCOME|AND|ENDOWMESfl5|FAOMr|||||||
|Donations||and legades|3|4845,127|2,269|350,638|||4,598,082|
|Charltabk||Acthrldes|4|18,967|||||28,967|
|Irnustm|ento||5|144,317|73,919|266,868|78,171||563,175|
|Other|Sourcm||6|11,799||23,927|||35,726|
|TOTAL||||4,210|76.188|SI14M|~7S|9|522 Al|
|||||2021|2021|2021|2021||2021|
|||||E|E|E|||E|
|INCOME|ANO|ENDOWMENTS|FROND|||||||
|Donalkns||and Legedes|3|5,235,951||805,138|49,742||6,030.831|
|Chargable||Arthctks|||||||31,765|
|lmnmtm|eras|||118,304|60,289|218418|82,290||479,701|
|Other|Sources|||9/67||143,177|||152,644|
|||Forthe Year Ended SiDecemb|Forthe Year Ended SiDecemb|er 2022|||
|---|---|---|---|---|---|---|
|||Unrastdcted|||striated||
||||||Capilal||
|||General|Desiglmted|Income|Permanent|Funds|
|||Funds|Funds|Funds|Endowment||
||||||Funds||
|||2022|||2022|2022|
|||6|||6|E|
|Raidng Funds|7|6,712|9417|1,713|20,392|38,644|
|Charitable
Adhrldes|||||||
|Support for Ministry|8|3,228.535|50,277|898,135||4,176.947|
|Support for Parishes|9|1,102,137|47,109|18,5$9||1,167,3$5|
|Church Property||101„039||||195,433|
|Other Rnanclal Support||163,56$||||163,568|
|Communication|12|44,956||||44,956|
||13||||1,187,711|1,187,851|
|||4AI4857|llPaa|oo881|tlllN|~S75lal|
|||2021|2021|2021|2021|2021|
|EXPENDITURE ON:||8|6|6||8|
|Robing Funds|7|6.665|9,733|2A137|25,595|44,D30|
|Charitable
Acthddes|||||||
|Support for Ministry|8|3,525,731|61,042|$98,788||4,485,561|
|Support for Parishes|9|1,413.300|67,299|10rlly||ly491,516|
|Church Properly|10|67,296||17,882||85,178|
|Other Financial Support||144957||||14M57|
|Communicauon|12|30.769||||30,769|
|Other|||||52,695|52,695|
|||5,185,718|13fh074|9292I24|TR290|Er$33,706|
##
|||||stdcted|stdcted|Total|
|---|---|---|---|---|---|---|
||||||Cspnsf||
||||Designated|Income|Permanent||
||||Funds|Funds|Endowment||
||||||Funds||
|||2022|||2022|2022|
|NET INCOME /(EXPENDllURE)|||||||
|BEFOREINVESTMENT GAINS||(216,747)|(31,155)|(371,398)|(1,129,884)|(1,749,1S4)|
|NST (LOSSES)ON I VSSISIIENTS|18|(111,733)|(163,171)|(9,938)|(381,169)|(666,011)|
|NET INCOME/(EXPENDIIURE)||(328,480)|(194,326)|(381,336)|(1,511,053)|(2,415,195)|
|TRANSFERS BETWEEN FUNDS|24/25|(356.563)|(26,009)|392,768|(10,196)||
|NET MOVEMENT
IN FUNDS||(685,043)|(220,335)|11~2|(L521,249)|(2815,195)|
|Total Funds Brtnmht ronsard||6,234,940|2,406,444|2,176,702|4,351,301|15,169,387|
|TOTAL FUNDS CARRIED FORWARD||44 4|5|5|LOROARL|5 54|
|||2023|2021|2021|2021|2021|
|||E|6|6|6||
|NET INCOME /(EXPENOllURE)|||||||
|BEFOREINVESTMENT GAINS|||(77,785)|237.509|53,742|423,235|
|NET GAINS ON INVESTMENIS|18|139,938|195/135|16.558|445/I71|798/O2|
|NET INCOMF/(EXPENOllURE)||349,707|117,850|254,067|499,613|1,221,237|
|TRANSFERS BETWEEN IUNDS|24/25|226,315|(106,315)|(110.000)|(10,000)||
|NET MOVEMENT IN FUNDS||576,022||144.067|489,613|1,221,237|
|Total Funds BmuEht Norward||5,65S,918|2,394,909|2/82,635|32)615688|13,94S,150|
|IIIIALFURIORARIUUOIOROOI||454445|4445444|LLFAIUI|ASUUI|.145445|
##
##
|||STATEMENT|OF CHANGES
IN EQUITY|||
|---|---|---|---|---|---|
|||Forthe Year|Ended 31December 2022|||
||||2022||2021|
||||E||E|
|Gross Income (per SOFA)|||5,226,050||7,145,610|
|Expenditure
(per SOFA)|||(6,975,234)||(6,722,375)|
|Operating
(Oefidt)/Surplus
For the year|||(1,749,184)||423,236|
|Reagsed Gains on Investments||||||
|Realised gains/losses
on Investments|||177,201|1,057,414||
|Realised gains on investment|properties|||||
|Realised gains on fixed assets||||||
||||177,201||1,057,414|
||||(1,571,983)||1,480,650|
|Unrealised
Gains on Investments||||||
|Revaluation
(Loss)/Gain
on Investment||Property||||
|Unrealised
Gains/(Losses)
on|Investments||(843,212)|(259,411)||
|Revaluation
(Loss}on Fixed Assets||||||
|Valuation ofProperties
Introduced||||||
||||(843,212)||(259,411)|
|(DEFICIT)/SURPLUS FORTHE YEAR|||(2,415,195)||1,221,237|
##
|||||Notes|2022f|2022
f|2021
E|2021|
|---|---|---|---|---|---|---|---|---|
||||||||Restated|Restated|
|~xE~Ass|5||||||||
|Tangible Assets||||17|229,419||224,695||
|Investments||||18|7,849,441||9,643,691||
|Long term debtors||||19|271,324||336,446||
|||||||8,350,184||10,204,832|
|C~URRENT|SSE)5||||||||
|Debtors||||20|327,943||562,117||
|Cash at gant and||in Hand|||6,001,684||6,137,110||
||||||6,329,627||6,699,227||
|CREDITORS:|Due|Within One Year||21|(1,659,344)||(1,414,397)||
|NET CURRENT ASSETS||||||4,670,283||5,284,830|
|TOTAL ASSETS LESSCURRENT|||LIARILIIIES|||13,020,467||15,489,662|
|CREDITORS:|Due|More Than|||||||
|One Year||||22||(266,275)||(320,275)|
|NET ASSETS||||||12,754,192||15,169,387|
|FUNDS|||||||||
|Restricted
Capita||I Endowment|Funds|23||2,83D,052||4,351,301|
|Restricted
Income Funds||||24||2,188,134||2,176,702|
|Designated
Funds||||25||2,186,109||2,406,444|
|Unrestricted|Funds|||26|||||
|Investment|Property Reserve Fund||||1,678,765||1,678,765||
|General
Funds|||||3,871,132||4,556,175||
|||||||5,549,897||6,234,940|
|||||||. 9||15.1|
##
##
||||Notes|Notes||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||6||6|
|||||28|||||
|Net Cash provided
by/(used
in) operating|||activities|||(1(802,165)||(367,439)|
|Cash flows from Investing|actlvltiesr||||||||
|Dividends,
interest and|rents from|investments|||563,275||479,699||
|Purchase ofproperty,
plant and equipment|||||(10,116)||(28,034)||
|Proceeds from the sale|offixed assets||||||||
|Proceeds from the sale|ofinvestments||||2,333,917||2,601,381||
|Purchase ofinvestments|||||(1,376,621)||(2,450,945)||
|Net Cash provided
by/(used
In) Investing|||activities|||1,510,455||602,101|
|Cashflows from flnandng|activities:||||||||
|Receipt ofendowment||||||48||49,742|
|Change
In cash and cash equivalents||Inthe||reporting|period|(291,662)||284,404|
|Cash and cash equivalents|atthe||28|||6,319,579||6,035,175|
|beginning
ofthe reporting|period||||||||
|Cash and cash equivalents|at the end|ofthe||reporting|period|6,027,917||6,319,579|
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||||||Forthe Year Ended 31December|Forthe Year Ended 31December|2022|2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrasbtctad||Rastdcted||Total|
||||||General|Designated|Income|Capital|Funds|
||||||Funds|Fund|Funds|Endowment||
|||||||||Funds||
|3|Donations|and|legades||2022
f|2022
f|2022
f|2022f|2022|
||Ministry|Share|||3,582,054||||3,582,054|
||RB:BlockGrant||||368,070||||368,070|
||RB:Additional||Support||264,0iw||||264,000|
||RB:Improvement|||Fund|||192,398||192,398|
||RB:Evangelism|||Fund Grant|||90,328||90.328|
||Grants||||8,333|1,378|3,000||12,711|
||Church Repair||Grant||||62,500||62,500|
||Legacies||||||1,155||1,103|
||Donations||||11,670|891|1,257||24418|
||||||4,245,127|2,269|350,638|||
|3|Donations|and legacies|||2021
E|2021|2021
f|2021
E|2021|
||Ministry Sham||||3,511,818||||3511.818|
||RB:BlockGrant||||293.501||458,021||751.522|
||RB:Additional||Support||1,4M,731||||I 408,731|
||RB:Improvement|||Fund|||177,640||177,640|
||RB r Evangelism||Fund Grant||||145,836||145536|
||Grants||||8,333||15,124||23W7|
||Legacies|||||||49.742|49,742|
||Donations||||13,568||8,517||22,085|
||||||5.235 rl51||805,188|49,742|6,090L831|
|4|Charitable|Acthldes|||2022|2022|2022|2022|2022|
|||||||f|f|f|f|
||Chaplaincy
Fees||||23,625||||23,625|
||Fees||||5,342||||5342|
||Charitable|Activities|||2021|2021|2021|2021|2021|
||||||f|6|f|f|f|
||Chaplaincy|Fees|||23,521||||23421|
||Fees||||8,244||||8244|
||||||||||31,765|
##
||||||Fort|he Year Ended 31December|he Year Ended 31December|2022|2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted||Total|
|||||||General|Designated|Income|Capital|Funds|
|||||||Funds|Fund|Funds|Endowment||
||||||||||Funds||
|5|Investments|||||2022||2022|2022|2022|
|||||||6||6|6|6|
||Rents Received|||||116,965||18,935||135,900|
||RBCommon|Investment|||Fund|||||99|
||DBFCommon
Investment||||Fund|25,523|37,545|2,329|78,171|143,568|
||Rents Received: Pamenage Board|||||||211,510||211,510|
||Interest|||||1,730|524|34,094||36,348|
||Realisatlon|ofTrusts|||||35,350|||35,850|
|||||||144,317|73419|266~|78,171|563,275|
|5|Invesbnents|||||2021|2021|2021|2021|2021|
|||||||6|6||4||
||Rents Received|||||93,253||20.190||113~|
||RBCommon|Investment||Fund||76||||76|
||DBFCommon
Investment||||Fund|24,426|41,584|3,041||154941|
||Rents Received; Parsonage
lnmrmt||||Boanl|549|58|192,803
2,784||192Al03
3~|
||Realisatlon ofTrusts||||||18,647|||18647|
|||||||118,304|60489|2282llg|82,290|479,701|
|6|Other Sources|||||2022
6|2022
6|2022
E|2022
f|2022
6|
||Contribution:
Housing
Association|||||6,584||||6,584|
||Proceeds from|the sale ofassets|||||||||
||Administration|Fee:|Sale of|Property||5,000||11,500||16,500|
||Marriage Llcences||||||||||
||Sundry Income|||||215||12A27||12,642|
|||||||||73„rf27||35,726|
|||||||2021|2021|2021|2021|2021|
|||||||6|6|f|6|6|
||Contribution:Housing||Association|||6,455||||6/55|
||Proceeds from|the sale ofassets|||||||||
||Administration|Fee:|Saleof|Property||62||10,985||ANT|
||Marriage
Ucences|||||2,280||||2,280|
||Church Repair|Grant||||||132,000||132.000|
||Sundry Income|||||||192||862|
|||||||Brtgy|||||
|||||For|the Year Ended 31December|the Year Ended 31December|2022|||
|---|---|---|---|---|---|---|---|---|---|
||||||Ufnrestrlcted|||estrlctad|Tatal|
||||||Seneral|eslgnated|Income|Capital|Funds|
||||||Funds|Fund|Funds|Endowment||
|||||||||Funds||
|7|Raising Funrh||||2022f|2022
f|2022
f|2072
f|2022|
||||||6,722|9,817||||
|7|Raising Funds||||2021|2021||2021|2021|
||||||f|E||6||
||||||6,665|9733|vvl|11595|~tao|
|8|Support for Ministry||||2022|2022
f|2022f|2022f|2022
6|
||Stipends, Fees ft|Pensions:||||||||
||Stipends||||2,312,958|44,019|||2,356,977|
||Pension-Emplayers|||Contribution||||||
||Vacancy Fees||||10,461||||10,461|
||Sundry|||||||||
||Properlyr|||||||||
||CouncilTax||||175,199||||175,199|
||Parsonage
Board||||||788,532||788,532|
||Insurance on|Pamonages|||23,480||||23/80|
||Sundry||||5,622||||5,622|
||Evangelism
Bid - Centre|||of Mission|10,246||109,603||119,&49|
||Clergy Expenses:|||||||||
||Clergy/Chaplains||Expenses||24,455||||24355|
||RemOval/Disturbance|||Allowance|55,488||||55,488|
||Archdeacons|and|Area Deans||15,869|6,258|||22.127|
||Recruitment
Costs||||4,209||||4,209|
||Training|||||||||
||Ordinands/NSM||||19,151||||19,151|
||Lay Training||||2,855||||2,855|
||CMD/Vocations|Advisers|||11,657||||11,657|
||Spiritual Directors|||||||||
||Support Costs IDirect)||||6,725||||6,725|
||Support Cast Allocation||||550,160||||550,160|
||||||3,228,535|50,277|898,135||4,176,947|
|||||For|the Year Ended 31December|the Year Ended 31December|2022|||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|||8meicsed|Total|
||||||General|Designated|income|Capel|Funds|
||||||Funds|Fund|FUnds|Endrnument||
|||||||||Funds||
|8|Support for Minbby||||2021|2021||||
||||||E|E||||
||Stlpends, Fees8|Pensions:||||||||
||Stlpends||||R410,513|42342|||M53.455|
||Pension-Employers|||Contribution|395,591|14,164|||409,755|
||Vacancy Fees||||1,197||||1,197|
||Sundry|||||||||
||Property:|||||||||
||Coundl Tax||||182,136||||182,136|
||Parsonage goard||||||743,578||743„ri78|
||Insurance
on|Personages|||21,539||||21.539|
||Sundry
Evangegsm gid- Centre|||ofMission|5,534
17531||155,210||5,534
172,741|
||Qergy Expenses:|||||||||
||ClergyfCheplains||Expanses||22831||||11,631|
||Removal/Disturbance|||Agowance|25,257||||25+57|
||Archdeacons|and|Area Deans||13,843|3,936|||17,779|
||RecrUlbrlarrt
Costs||||877||||877|
||Tralnlngr|||||||||
||DrdinandnttSM||||23,184||||23.184|
||Ury Training||||2,877||||2,377|
||CMDNocations
Advisers||||1256||||1+66|
||Spiritual Directors|||||||||
||Support Costs (Dlrectf||||9,109||||9,109|
||SupPort Cost Allocation||||403,046||||403,046|
||||||3~5,731|623N2|8$L788||4r485,561|
|||NOTES T
For|OTHE FINANQAL Sl'ATEMENT
the Year Ended 31December|OTHE FINANQAL Sl'ATEMENT
the Year Ended 31December|S (Cont'd)
2022|||
|---|---|---|---|---|---|---|---|
||||Unrestricted|||Aastlldfad|Total|
||||General|Designated|Income|Capits l|Fullds|
||||Funds|Fund|Funds|Endowment||
|||||||Funds||
|9|Support for Parishes|||2022f||2022
f|2022
f|
||Sector Ministry Costs||4,117||||4,117|
||Safeguarding|||||||
||Local Ministry Area Inidative Grants|||18,105|||18,105|
||Grants to Parishes|||5,295|18,589||23,884|
||legal and Professional|Fees|2,997||||2,997|
||Diocesan Strategy|||19.842|||19,842|
||Chgdren and Youth|||3,867|||3,867|
||Funding and Parish Support||1,048,529||||1,048,529|
||Suppon costs (Direct)||1,362||||1„362|
||Support cost agocatlon||3||||45,132|
||||1.102,137|47,109|SIL589||1,167,835|
|9|Support for Perishes||2021|2021|2021|2021|2021|
||||f|f|f|f|1|
||Sector Ministry Costs||1,851||||1,851|
||Safeguarding||22||||22|
||local Ministry Area Initiative Grants|||7,247|||7,247|
||Grants to Parishes|||13,275|10,917||24,192|
||Legal and Professional|Fees||||||
||Diocesan Strategy|||42,164|||42,164|
||Children
and Youth|||4,511|||4411|
||Funding and Parish Support||1,286,324||||1286,324|
||Support costs (Direct(||1,744|102||||
||Support cost agocatlon||123,359||||123359|
||||M13,300|67,299|20„rl17|||
|For|the Year Ended 31December|the Year Ended 31December|2022||||
|---|---|---|---|---|---|---|
||tinrestricted|||Restrlded||Total|
||General|Designated|income|Capga|I|Funds|
||Funds|Fund|Funds|Endowment|||
|||||Funds|||
|||2022|2022
f|2022f||2022f|
|Custodian
Expenses|731|||||731|
|Quinquennial
Inspections|||||||
|Dlocesan Advlsorycommntee|19879|||||19,479|
|Investment
Propeny:|||||||
|Maintenance
Expenses|30,323|||||30,323|
|Insurance
Premiums
Legs I8Prafiessional
Fees|4,108
20,508|||||4,108
20,508|
|Other Bugdlngs: Repairs/Insurance|||||||
|Church Schools (Open and Closed)
3-16VA School in StDavids|||27,793
66.601|||27,793
66,601|
|Support Costs (Direct)|124|||||124|
|Support cast agacatlon|25,766|||||25,766|
||2021|2021
f|2021
f|2021
f||2021
f|
|Custodian
Expenses|||||||
|Quinquennial
Inspections|||||||
|Diocesan Advisory Committee|18,050||||||
|Investment
Property:|||||||
|Maintenance
Expenses|20,699|||||20,693|
|Insurance
Premiums|5,530|||||5530|
|legal tt Prorexaonal Fees|15,525|||||15,525|
|Other Bugdings: Repairs/Insurance|||||||
|Church Schools (Open and Closed)
3-16VASchool In St Davlds|||17,882|||17,882|
|Support Casts (Direct)|||||||
|Support cost agacatlan|7,054|||||7.054|
||||17,882|||85,178|
|||F|orthe Year Ended 31December|orthe Year Ended 31December|2022|||
|---|---|---|---|---|---|---|---|
|Notes|||Unrestricted|||Restrlded|Total|
||||General|Designated|Income|Capital|Funds|
||||Funds|Fund|Funds|Endowment||
|||||||Funds||
|11 Other Rnandal|Support||2022
5|2022
f||2022
E|2022f|
|Grants: Church
in Wales Bodies|||106,055||||106,055|
|Grants: Anglican/Ecumenical/Other||||||||
|Other Grants|||35,500||||35„500|
|Support Costs|(Direct)||500||||500|
|SuPport cost allocation|||21,513||||21$13|
||||163,566||||16$,56$|
|11 Other Flnandal Support|||2021|2021|2021|2021|2021|
||||f|E|E||E|
|Grants: Church|In Wales Bodies||104,793||||104,793|
|Grants: Anglken/Ecumenical/other|||500||||500|
|Other Grants|||24,450||||24/NO|
|Support Costs (Direct)
Support cost agocatlon|||500
~1||||~1|
||||141,957||||341957|
|12 Cammunldrgon|||2022f||2022
E|2022
E|2022f|
|Newsletters/Diocesan||Publications|12,596||||12,596|
|Year Book||||||||
|Pernhrokeshire|Shaw||4.667||||4,667|
|Sup port Costs|(Direct)||25,069||||25,069|
|5uppart cost a Bocatl on|||4624|||||
||||4A956||||44 rISB|
|12 Cammunlcagon|||2021|2021|2021|2021|2021|
|||||E|E|6|E|
|Newsletters/Diocesan||Publkagons|5,829||||5.629|
|Year Book||||||||
|Pembrokeshire|Show|||||||
|Support Costs (Direct)|||24,414||||24,414|
|Support cmt agocation|||526||||526|
||||$0,769|||||
##
##
||NOT|ESTO THE FINANCIALSIATEMENIS
Forthe Year Ended 31December|ESTO THE FINANCIALSIATEMENIS
Forthe Year Ended 31December|(Cont'd)
2022|||
|---|---|---|---|---|---|---|
|||Vnsstdcted|||asukaud|Total|
|||General|Designated|income|Capital|Funds|
|||Funds|Fund|Funds|Endowment||
||||||Funds||
|13|Other||2022
E|2022
6|2022f|2022
6|
||Payment nfTrust income|||||$9~|
||Realisadon ofTrust Capital||||||
||Payment ofLegacies||||1,097.726|j,097,726|
||Bsnkchargss|||||140|
||||140||1,287,711|1,187,851|
|13|Other|2021|2021|2021|2022|2021|
|||6|6|6|6|E|
||Payment ofTrust Income||||||
||Reslisation ofTrust Capital||||||
||Payment ofLegades|||||18,652|
##
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|14|FUNDING
AISD PARISH SUPPORT||||||2022|2021|
||||||||E|E|
||Prompt Payment
Discount||||||||
||Increase in Unpaid
Ministry||Share Provision||||824,369|50,000|
||Ministry Share not mquested||||||224,159|1,236,324|
||Ministry Share Write|Off|||||||
||||||||1.848|1,286,324|
|15|SIPPO
353555||||||2022|2021|
||||||||6|E|
||Salaries and Related|Payments|||||451,153|387,697|
||Travelling
Expenses||||||2,734|359|
||Expenses Staff Members||||||5,871|5,925|
||Office Cleaning||||||1,604|794|
||Heating and Lighting||||||6,282|5,814|
||Telephone||||||7,488|6,704|
||Printing, Stationery
and Office|||Sundries|||2,523|1,971|
||Postage||||||1,542|1,585|
||Ground
Rent ofOffices||||||18,000|18,000|
||Water Rates||||||1,289|1,208|
||Office Security||||||||
||Insurances
(including|Trustees||Indemnity|Insurance)||10,253|11,115|
||Depreciation||||||14,316|5,541|
||Repairs and Renewals||||||13,869|4,692|
||Legal and Professional||||||13,542|19,558|
||Audit Fee||||||15,594|14,400|
||Training Courses||||||1,851|3,890|
||Bank Charges and Interest||||||1,320|1,088|
||Miscellaneous|||||||841|
||Room Hire|||||||60|
||Diocesan and Archdeacons||Registrars Expenses||||26,910|25,391|
||Computer Software and Support||||||6,064|13,764|
||Office Equipment||||||4,871|4,858|
||Grantfinder||||||1,356|1,356|
||Governing
Body Meeting Expenses||||||25,931|5,946|
||Translation
Fees||||||121|708|
||Diocesan Conference||||||8,848|2,436|
||Other Sundry Expenses||||||1,845||
||Medical Fees||||||18||
||Contribution
to Support Costs|||from Restricted||Funds|(81,577)|(80,000)|
||||||||8 L3,818|465,701|
||Governance
costs included||within the above support costs||||||
##
##
|6|||Forthe Year Ended|31December 2|022|||
|---|---|---|---|---|---|---|---|
||||Opening|Ministry|Paid|Closing|Ministry|
||||Balance|Share||Balance|Share|
||||1)anuary|||31December||
||||2022|2022|2022|2022|2021|
|STDAVIDS ARCHDEACONRY|||E|E|E|E|E|
|Cathedral||||41,917|(45,080)|(3,163)|44,449|
|South West|Pembrokeshire||12,512|163,385|(180,432)|(4,535)|174,443|
|Narberth
8|Tenby||30,386|286,763|(265,237)|51,912|302,759|
|Roose|||30,857|269,527|(207,883)|92,501|311,145|
|Greater Dewlsland|||23,078|89,506|(53,712)|58,872|66,255|
|Gorllewin Cemaes - West Cemaes|||67,097|156,404|(102,571)|120,930|151,121|
|Daugleddau|||15,189|173,503|(142,45D)|46,242|161,185|
|East Landsker|||44 301|96,160|(64,722)|75,739|92,253|
|TOTAL|||223,420|1,277,165|(1,062,087)|438,498|1,303,610|
|CARDIGAN ARCH||DEAIX)NRY||||||
|BroTeifi|||28,352|1.75,876|(151,484)|52,744|187,023|
|BroAaron Mydr|||7,339|68,480|(58,294]|17,525|65,416|
|Glyn Aaron|[BroAaron (Coastal)]||2,211|108,024|(83,767)|26,468|107,349|
|Bro Wyre|||3,603|60,080|(47,530)|16,153|45,288|
|Abe rystwyth|||5,129|25S,618|(203,963)|59,784|257,471|
|Bro Padarn|||6,954|139,495|(135,819)|10,630|135,864|
|Larnpeter|||12,333|147,077|(131,941)|27,469|144,251|
|Emlyn (Dyffryn||Telfl)|15,726|114,487|(99,524)|30.689|112,380|
|TOTAL|||81,647|1,072,137|(912,322}|241,462|1,055,042|
|CARMARTHEN|ARCHDEACONRY|||||||
|Bro Dyfri|||2,848|126,541|(126,925)|2,464|131,671|
|BroAman|||32,371|128,914|(96,497)|64,78S|119,929|
|Bro Lliedi|||13,645|176,367|(135,918)|54,094|176,120|
|Bro Gwendraeth|||8,459|1D1,860|(101,344)|8,975|98,124|
|Bro Glannau|Tywyn||9,589|129,705|(130,864)|8,430|132,509|
|Bro Cydweli|||36,740|136,032|(123,340)|49,432|123,284|
|Bro Dinefwr|||(4,704)|116,887|(105,813)|6,370|108,1S7|
|8ro Caerfyrd
Bro Sancler|din||11,845
9059|160,549
103,442|(161,181)
~303.633|11213
10878|159,347
103995|
|TOTAL||||1.
.»|4,
3,5053|216,644|1,153,166|
|ARCHDEACONRY||TOTALS||||||
|ST DAVIDS ARCHDEACONRY|||223,420|1,277,165|(1,062,087)|438/98|1,303,610|
|CARDIGAN
ARCHDEACONRY
CARMARTHEN
ARCHDEACONRY|||81,647
119852|1,072,137
1.1 .»|(912,322)
~3083.3|241,462
216,644|1,055,042
1153166|
|DIOCESAN TOTAL|||424,919|3,529,599|(3,057,914)|866604|3511818|
##
##
|m GIB IE e%LFls||||||
|---|---|---|---|---|---|
||Freehold|Leasehold|0%ca|||
||Property|Premises|Equipment/||Total|
||Restricted|(More Than|Furniture|&||
|||50Years)|Fittings|||
||||Restatedf||Restated
f|
|FAIRVALUE||||||
|At1January 2022|164,500|94,418|114,464||373,382|
|Additions||7,116||3,000|10,116|
|Disposals|||(110,395)||(110,395)|
|At31December 2022|164,500|101,534||7,069|273,103|
|DEPRECIATION||||||
|At 1January 2022||37,735|110,951||148,686|
|Charge for Year||3,387||2,006|5,393|
|Charge on Disposals|||(110,395)||(110,395)|
|At 31December 2022||41,122||2,562|43,684|
|FAIR VALUE||||||
|At31December 2022|164,500|60,412||4,507|229,419|
|At 1January 2022|164,500|56,683||3,512|224,695|
|Fair Value is Represented
by:|||||||
|---|---|---|---|---|---|---|
||Freehold|Property|Leasehold|Office|||
||Unrestricted|Restricted|Prembes|Equipment/||Total|
||||(More Than|Furniture|gr||
||||50Years)
f|Fittings
f|||
|Cost/Valuation||164,500|101,534||7,069|273,103|
|||164,500|101,534||7,069|273,103|
##
##
##
##
##
##
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
|Listed Investments||||4,572,766||5,944,357||
|Government||Securities and Fixed Interest||733,535||1,002,898||
|Cash Held|on Deposit|||26,233||81889||
|||||5,332,534||||
|||||2022|||2021|
|||||Fair||Fair||
|||||Value||Value||
|||||||Restated|Restated|
|||||6|6|6|E|
|Investment||Properties - Unrestricted|Funds|2,516,907|882,235|2,505,131|882,235|
|||||Investments|Investment||Total|
||||||Properties||Investments|
||||||E||E|
||||||Restated||Restated|
|At 1)anuary||||7,129,724|2,505.131||9,634,855|
|Additions||||1,362,962|11,776||1,374,738|
|Disposals
Unrealised
Gains/(Losses)
Cash movement
Equilib rum Adjustment||||(2,156,716)
(843,212)
(156,236)
~8|||(2,156,716)
(843,212)
(156,236)
~8988|
|At 31December||||5,332,534|2,516.907||7849 441|
##
||||||For|the Year Ended|31December 202|2|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2022||2021|
|||||||||f||f|
|Loans||||||||271,324||336,446|
|||||||||271,324||336,446|
|LOANS ASAT31DECEMBER 2022||||||Balance|Advance|Interest|Repaid|Balance|
|||||||1)anuary||||31December|
|Diocesan Loans:
Retired Clergy ILSN Housing
Loans||||||2022f
16,171|2D22f|2022
33|2022
~432|2022
f
5449|
|||||||16,171||310|(11/32)|5,049|
|Provincial
Housing
Loans:
Equity Linked||||||320,275|||~58|266,275|
|Totals||||||336,446||310|(65,432)|271,324|
|Provincial
and Clergy Housing||||Loans are|repayable|on death orsale ofproperty.|||||
|DEBTORS||||||||2022
f||2021f|
|Ministry Share Receivable|||from Churches||(Less Provision)|||144,161||298,129|
|Sundry Debtors and Prepayments||||||||183,782||243 988|
|||||||||327,943||562,117|
||||||||Total|2022|2021|2020|
|Ministry Share Receivable|||as at 31/12/2022||||1,041,347|727,381|192,458|121,508|
|Less Provision|||||||-897,186||||
|Total receivable|remaining||||||144,161||||
|CREDITORS DUE|WITHIN|ONE||YEAR||||2022||2021|
|||||||||f|||
|Trade Creditors||||||||55,249|||
|Restricted Trade|Creditors|||||||73,293||112,425|
|Accruals||||||||193,880||178,410|
|Restricted Accruals||||||||10,636||8,496|
|Other Creditors||||||||549,502||674,168|
|Other Taxes and|Social Security|||||||9,607|||
|Ministry Share Received||in|Advance|||||144,748||22,714|
|Restricted
Funds|Creditors|||||||622,429||418,184|
|||||||||1659344||1,414,397|
|rred Income|I||Sh||||||||
|Brought forward||||||||22,714||100,057|
|Received in the year||||||||3,582,054||3,511,818|
|Released
Carried Forward||||||||(3,460,020)» 8||-3,589,161
2231|
##
##
##
##
|22|CREDITORS DUE MORE THAN ONE YEAR|CREDITORS DUE MORE THAN ONE YEAR||||||||||2022f|||2021
f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Due tothe Representative
Body ofThe|Church||in|Wales|||||||266,275|||320,275|
||Provincial
Housing
Loans are repayable|on|death||orsale||ofproperty.|||||||||
||Amounts
due to the
Representative|Body of|||The|Church||In Wales||have|no specific
repayment||terms,|However,|repayment
is|
||immediate
on death or sale ofproperty.|||||||||||||||
|23|RESTRICTED CAPITAL PERMANENT
ENDOWMENT||||FUND|||||||2022|||2021|
|||||||||||||f|||f|
||Balance asat1January|||||||||||4,351,301|||3,861,689|
||(Deficit)/Surplus
forthe Year|||||||||||(1,140,080)|||43,741|
||Net Gain/(Loss) on Investments||||||||||||||445,871|
||Balance as at31December|||||||||||2,830,052|||4,351,301|
||Represented
by:|||||||||||||||
||Capital|||||||||||2,798,101|||3,671,035|
||Inoome|||||||||||261,604|||329,656|
||Unrealised
Profit (Market Value less Cost)|||||||||||(229,655)|||350320|
|||||||||||||.0 2|||4,351,301|
||Endowment
funds have been entailed over many||||years and relate in||||the|main|to funds held on behalf||ofparishes.|||
||Investment
returns
are released to the|parishes,|||where||applicable.||When||returns|are not released,|they are retained||by the Board|
||within
this Fund.|||||||||||||||
||The Trustees have reference to legal advice provided|||||by|Carreg|Law,|solicitors; one of|||the Board's legal|advisers.|||
|||||||||||||2022|||2021|
|||||||||||||f|||f|
||At 1January|||||||||||4,351,301|||3,861,689|
||Capitalintroduced|||||||||||48|||49,743|
||Trustlncome
Received|||||||||||149,074|||151,340|
||Payment ofTrust Income to Padishes etc.|||||||||||(160,887)|||(103,095)|
||Capital Withdrawn|||||||||||(1,097,726)|||(18,652)|
||Realised Gains|||||||||||89,282|||614,380|
||Unrealised
Gains/ (Losses)|||||||||||(470,451)|||(168,509)|
||Investment
Managers
and Administration||Fees|||||||||(30,589)|||(35,595)|
|||||||||||||2.330.052|||4,351,301|
##
##
##
||||1january|Movement|In Resources|In Resources||31December|31December|
|---|---|---|---|---|---|---|---|---|---|
||||2022
E|Income
Transfers
6
f|||Expenditure|2022
E||
|Diocesan Ordinands|Fund||59,316|1,320|||(5,541)||55,095|
|Diocesan Endowed|Schools Fund||790,632|31,713|(35,690)||(100,504)||686,151|
|Spirituality
Fund|||106,211|3,000|||||109,211|
|Community
Project|Fund||5,568||||||5,568|
|Parsonage
Board Fund|||834,191|257,376|429,613||(596,134)||925,046|
|Church Insurance
Contingency||Fund|58,808||||(799)||58,009|
|Church
Repair Grant|(Limited)||118,084|62,500|||(17,790)||162,794|
|Church
Repair Grant|(Unlimited)||72,000||||||72,000|
|Evangelism
Fund|||131,892|91,972|||(109,604)||114,260|
|||||44
88|3|2 ~830»||2.|8134|
##
||||1january|Movement|Movement|In Resources||31December|
|---|---|---|---|---|---|---|---|---|
||||2021|Income
f|Transibm
f||EspendRure
f|2021f|
|Diocesan Ordinands|Fund||86,580|13,269||(40,000)|(533)|59,316|
|Diocesan Endowed|Schools Fund|||38,157||(35,000)|(19,385)|790,632|
|Splrltuagty
Fund|||91,087|15,124||||106,211|
|Community
Project|Fund||5,568|||||5,568|
|Parsonage
Board Fund|||781,403|831,367||(35000)|(743579)|834,191|
|Church Insurance Contingency||Fund|58,808|||||583$8|
|Church Repas. Grant|(Umlted)||69,000|60,000|||(10,916)|118,084|
|Church Repair Grant|(unlimited)|||72,000||||72.000|
|Evangegsm
Fund|||133.329
153,773
535, 83SNI||(155,210)
131,892
~110000~929,624~a||||
##
##
|||1)anuary|1)anuary||Movement|Movement|in Resources||31December|31December|
|---|---|---|---|---|---|---|---|---|---|---|
|||2022||Income||Tran sliera||Expenditure|2022||
||||6|f|||f|f|f||
|Redundant
Churches|Fund||22,587|||||||22,587|
|Bishop's Strategy for|Ministry Fund||354,710||||(270,911)|||83,799|
|Forth Archdeconry
Fund|||||||135,251|(50,317)||84,934|
|LMA Support and Development|||||||91,059|(19,903)||71,156|
|Grants Fund||||1,377|||74,442|(18,144)||57,675|
|Penlan
Farm Fund|||52,222|||||||52,222|
|M HJones-Olszewski|Fund|1,840,425||38,070|||(30,000)|(174,888)|1,673,607||
|Children &Youth Mission Work Fund|||92,440||880||10,000|(7,262)||96,058|
|Pensions &Assistance|Fund||3,255|35,8SO|||(35,850)|||3,255|
|Safeguarding
Fund
Fundraising||2|40,765
40
06
4|76|08|~(26.IIOB~27»,||||40,765
51
6,1t0|
|||1)anuary|||Movement||in Resources||31December||
|||2021f||Income||Transfers
6||Fsgtendltum
f|2021f||
|Redundant
Churches|Fund||22,587|||||||22,587|
|Bishop's Strategy for|Ministry Fund||485,241||23||(20,000)|(110,555)||354,709|
|Penlan Farm Fund|||52,222|||||||52,222|
|M HJones4Jlszewski|Fund|1,713,871||231,579|||(82,015)|(23.009)|1,840,426||
|Chgdren &Youth Mission Work Fund|||76,928||23||20,000|(4,511)||92.440|
|Pensions &Assistance|Fund||3,255|24,300|||(24,300)|||3,255|
|Safeguarding
Fund|||40,765|||||||40,765|
|Fundraislng||4D
1,004,0t0||255|025|~206.325 ~200
I|||40
~2400||
##
|26|GENERAL PURPOSES FUND|||2022f||2021f|
|---|---|---|---|---|---|---|
||Balance asat 1)anuary|||6,234,940||5,658,918|
||Surplus/(Deficit)
for the Year (after transfers)|||(573,310)||436,084|
||Net (Loss)/Gain on Investments|||(111,733)||139,938|
||Properties introduced||||||
||Balance asat31December|||5.540.807|||
|27|ANALYSIS OF NETASSETSBETWEEN FUNDS||||||
||||||Restricted||
||||||Capital||
|||Unrastdctad|Designated|Restricted|Endowment|Total|
|||Fundsf|Fundsf|Fundsf|Fundsf|Funds
f|
||Fund Balances at31December 2022||||||
||are represented
by:||||||
||Tangible Rxed Assets|64,919||164400||229,419|
||Investment
Assets|3.601,284|1,583490|96,121|2,56S,446|7,&49,441|
||Long Term Debtors|271,324||||271,324|
||Nat Current Assets|1,878,645|602,519|1,927413|261,606|4,670,283|
||long Term Uabi&ties|(266,275)||||(266,275)|
|||5,549,897|2,186,109|2,188,134|2,830,052|12,754,192|
||||||Capgal||
|||Unrestricted|Designated||Endowment|Tolnl|
|||Funds|Funds||Funds|Funds|
|||6|f|||f|
||Fund Balances at31December 2021||||||
||are represented
by:||||||
||Tangible Fixed Assets|60,195||164,500||224.695|
||Investment
Assets|3,716,799|1,756,578|148,669|4,021,645|9,643,691|
||Long Term Debtors|336,446||||336W6|
||Net Current Assets|2,440,774|649,866|1,863,534|329,656|5,283,830|
||Long Term Uabgltles|(320,275)||||(320,275)|
|||6233939|2S0~044|8176.702|4,3 .001|15.160,007|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Net income/(expenditure)|for the reporting||period (as per|||
|the Statement ofFinancial Activities)||||(2,415,195)|1,221,237|
|Adjustments for:||||||
|Depreciation
charges||||5,393|6,517|
|Realised (gains)/losses|on investments|||666,D11|(841,114)|
|Transfers to Investment|properties|||14,707||
|Dividends,
interest and|rents from|investments||(563,275)|(479,699)|
|Loss/(progt)
on the sale offixed assets||||||
|(increase)/decrease
In|debtors|||299,296|(28,645)|
|Increase/(decrease)
in|creditors|||190,946|(195,993)|
|Donations
received for|Endowment|Fund|Assets|(48)|(49,742)|
|Net Cash provided
by/(used
in) operating activities||||~18 2 H|367439|
|Analysis ofcash and cash|equivalents|||||
|Cash in hand||||6,001,684|6,137,110|
|Short Term investments||||||
|Cash held within
investments||||26,233|182,469|
|Total Cash and Cash Equivalents||||6,027,917|6,319,579|
##
##
##
|No payments
were made|to Trustees|in respect oftheir duties as Trustees of|in respect oftheir duties as Trustees of|in respect oftheir duties as Trustees of|the Board. However,|payments|were made to8 (2021;5)|were made to8 (2021;5)|
|---|---|---|---|---|---|---|---|---|
|Trustees for other duties|amounting|to 618,849||(2021:614,171). Payments|of 626,910(2021:|E25,391)|were paid to the Diocesan||
|Registrar.|||||||||
|The amount
outstanding|to trustees at the year end was 616,428.||||||||
||||||2022||2021||
|EMPLOYEES:|||||6||6||
|Staff Costs|||||||||
|Gross Wages and Salades|||||436,357||412,737||
|Redundancycosts|||||||||
|Employers
Ni|||||44,041||39,945||
|Other Pension Costs|||||60,044||56,822||
||||||540,442||509.504||
||||||2022||2021||
|The number ofemployees|whose total|employee||benefits|||||
|(excluding employers
pension costs) purposes|||was asfollows:||||||
|E60,000 - 570,000|||||||||
||||||2022||2021||
||||||E||||
|The remuneration
for Key|Management|personnel||was|208,019||200|458|
|Average number ofpersons employed:|||||||||
|Head Count|||||15|||13|
|Full Time Equivalent|||||15||||
##
##
##
##
##
##
##
##