| CONTENTS | ||
|---|---|---|
| Page | ||
| Trustees' report |
1-5 | |
| Auditors report to the Trustees |
6-8 | |
| Statement of Financial Activities |
||
| Balance Sheet | 10 | |
| Statement of Cashflow | ||
| Notes to the Accounts | 12-19 | |
| General Fund Revenue Account |
20-22 | |
| Churches Fund Revenue Account |
23 | |
| Property Income Fund |
23 | |
| Bangor Hostel Fund | 23 | |
| Pilgrim Church Fund |
23 | |
| Transformation Fund |
24 | |
| Diocesan Readers Fund Revenue | Account | 24 |
| Parsonage Board Revenue Account |
24 | |
| Education Irust Fund Revenue Account |
25 | |
| Cathedral Fund |
25 | |
| Widows, Orphans 8 Dependants |
Fund | 26 |
| Ruth Roberts Fund | 26 | |
| Mrs BJM Smith Fund | 26 | |
| SW Tanganyika Fund |
26 | |
| Winifred I Thomas Fund |
27 | |
| Hope Street Fund | 27 |
| TRUSTEES REPORT | TRUSTEES REPORT | TRUSTEES REPORT | |||||
|---|---|---|---|---|---|---|---|
| The Members ofthe Council have complied | with their duty in | section 17(5)ofthe 2011 Charities | Act to have due regard to the | ||||
| guidance published by the Charity Commission. |
|||||||
| Name ofCharity: The StAsaph | Diocesan | Board ofFinance | |||||
| Governing Instrument: Memorandum |
and | Articles ofAssociation | |||||
| Company Registration No: 188626of |
20 | March 1923 | |||||
| Registered charity no: 233140 |
|||||||
| Names ofDirectors/Trustees | |||||||
| Mrs Sam Allin (from 30.06.20) | |||||||
| Dr Lynne Ash | |||||||
| Mrs Mavis Bartlett | |||||||
| Revd Huw Butler | |||||||
| Rt Revd Dr Gregory Cameron | |||||||
| Ven Andrew Grimwood |
|||||||
| Mr Bernard Harris MBE (until 30.06.20) |
|||||||
| Mrs Helen Jones | |||||||
| Ven John Lomas | |||||||
| Mr Christopher Mayer (until 30.06.20) |
|||||||
| Revd Hermione Morris |
|||||||
| Mr Clive Myers | |||||||
| Revd Christine Owen |
|||||||
| Mr Stuart Richardson (from 30.06.20) |
|||||||
| Mr Glyn Williams (from 30.06.20) |
|||||||
| Mr Trevor Trevor DL | |||||||
| Very Revd Nigel Williams | |||||||
| Mr Phillip Williams | |||||||
| Ven Dr Barry Wilson | |||||||
| Appointment ofTrustees |
|||||||
| The Bishop, The Dean and the three Archdeacons are ex-officio members. Two lay members |
and one derical member are elected | ||||||
| by the Standing Committee ofthe Diocesan |
Conference | from | each ofthe three archdeaconries | to serve fora term of3years. | |||
| Elections were held accordingly | in June | 2020for the triennium | 2020 to 2023. | ||||
| In addition, the Board can co-opt | up to four | members. There | are currently 2 co-opted members, | Mr Stuart Richardson and Mr Glyn |
|||
| Williams. | |||||||
| Trustee induction and training |
| TRUSTEES REPORT | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| F reP n -Prl rii r2 21an on |
||||||||||
| ~ Support for a refreshed diocesan strategy that is based on a vision offaith which is energising; a |
financial | model which | is | |||||||
| sustainable; and a leadership which is committed to collaborative ministry, which is intentionally |
missional | and which says | its | |||||||
| Prayers | ||||||||||
| ~ Generous and enabling support for our churches and communities during the global coronavirus |
pandemic, keeping associated |
|||||||||
| risks under regular review |
||||||||||
| ~ Effective and prudent financial management and forward planning to support the effective delivery |
ofdiocesan | strategy | ||||||||
| ~ Planned and managed reduction ofthe current deficit on operations over the next five years, |
with | a return | to a balanced | budget or | ||||||
| modest surpluses from 2020 onwards. |
||||||||||
| ~ Prudent financial management and protection ofreserves to ensure the financial security and sustainability |
ofour | Diocese and | ||||||||
| our Church. | ||||||||||
| ~ The Diocesan Investment Policy and Ethical Investment Policy will be kept under regular review. |
||||||||||
| Trustees' res nsibilitles in relation tothe financial statements |
||||||||||
| The trustees, who are also the directors ofThe St Asaph Diocesan Board ofFinance for the purpose |
ofcompany | law, are | ||||||||
| responsible for preparing the Trustees Report and the accounts in accordance with applicable |
law | and United Kingdom |
Accounting | |||||||
| Standards (United Kingdom Generally Accepted Accounting Practice). |
||||||||||
| The law applicable to charities in England and Wales requires the trustees to prepare accounts for |
each | financial | year which give a | |||||||
| true and fair view ofthe state ofaffairs ofthe charity and ofthe incoming resources and application |
ofresources | of | the charity | for | ||||||
| that year. | ||||||||||
| In preparing these accounts, the trustees are required to: |
||||||||||
| -select suitable acmunting policies and then apply them consistently; |
||||||||||
| -observe the methods and princ ples in the Charities SORP; |
||||||||||
| - pay regard to the Charity Commision's guidance on public benefit; |
||||||||||
| - make judgements and estimates that are reasonable and pn;dent; |
||||||||||
| - state whether applicable accounting standards have been fol'owed, 'subject to any material |
departures | disdosed | and | explained | ||||||
| in the accounts; and | ||||||||||
| -prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will |
continue | in operation. | ||||||||
| The trustees are responsible for keeping adequate accounting records that disclose with reasonable |
accuracy at any time | the | ||||||||
| financial position ofthe charity and enable them to ensure that the accounts comply with the Companies | Act 2006. | |||||||||
| They are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable |
steps | for the prevention | and | |||||||
| detection offraud and other irregularities. | ||||||||||
| The trustee are responsible for the maintenance and integrity ofthe corporate and financial information included |
on | the | charity's | |||||||
| website. | ||||||||||
| Disclosu ofinforma nt audi |
||||||||||
| Each ofthe trustees has confirmed that there is no information ofwhich they are aware which |
is relevant | to | the audit, but | ofwhich | ||||||
| the auditor is unaware. They have further confirmed that they have taken appropriate steps to |
identify such | relevant | information | |||||||
| and to establish that the auditors are aware ofsuch information. |
| We assessed the susceptibility ofthe company's financial statements to material misstatement, |
We assessed the susceptibility ofthe company's financial statements to material misstatement, |
We assessed the susceptibility ofthe company's financial statements to material misstatement, |
We assessed the susceptibility ofthe company's financial statements to material misstatement, |
including | including | obtaining | obtaining | an understanding | an understanding | an understanding | an understanding |
|---|---|---|---|---|---|---|---|---|---|---|---|
| of how fraud might occur, by: | |||||||||||
| making enquires ofmanagement as to where they considered there was susceptibility |
to | fraud, | their | knowledge | ofactual, | ||||||
| suspected and alleged fraud; |
|||||||||||
| considering the internal controls in place to mitigate risks of fraud and non-compliance |
with laws and | regulations; | and | ||||||||
| understanding the design ofthe company's remuneration policies. |
|||||||||||
| To address the risk offraud through management bias and override ofcontrols, we: |
|||||||||||
| performed analytical prooadures to identify any unusual |
or unexpected relationships; |
||||||||||
| tested journal entries to identify unusual transactions; |
|||||||||||
| assessed whether judgements and assumptions made |
in determining the accounting |
estimates | were | indicative | of | potential | |||||
| bias; and | |||||||||||
| investigated the rationale behind significant or unusual |
transactions. | ||||||||||
| In response to the risk of irregularities and non-compliance with |
laws and regulations, we designed |
procedures | which included, | but | |||||||
| were not | limited to: | ||||||||||
| agreeing financial statement disclosures to underlying |
supporting documentation; |
and | |||||||||
| enquiring of management as to actual and potential litigation and claims. |
|||||||||||
| There are inherent limitations in our audit procedures described |
above. The more removed | that | laws and | regulations | are | from | |||||
| financial transactions, the less likely it is that we would become |
aware of non-compliance. | Auditing | standards | also limit the | audit | ||||||
| procedures required to identify non-compliance with laws and regulations to enquiry ofthe |
directors | and other | management | and | the | ||||||
| inspection | of regulatory and legal correspondence, ifany. |
| Unrestricted | Restricted | Designated | Endowment | Total Funds | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2020 | 2019 | ||||||
| Note | E | E | E | E | |||||||
| INCOME | |||||||||||
| Donations and legacies | 19 | 4,387,737 | 2,091,686 | 6,479,423 | 4,971,143 | ||||||
| Income from trading activities | 19 | 243,782 | 243,782 | 227,948 | |||||||
| Income from charitable | activities | 19 | 374,996 | 374,996 | 376,532 | ||||||
| invesbnent income |
19 | 29,622 | 52,926 | 82,548 | 192,947 | ||||||
| Other incoming resources | 19 | 1,351,211 | 40,943 | 1,392,154 | 249,988 | ||||||
| Total income | 5768.570 | 2 804333 | 0572903 | 0018506 | |||||||
| EXPENDITURE | |||||||||||
| ~heri f2~AgvViies |
|||||||||||
| Support for ministry | 20 | 3,918,748 | 75,705 | 3,994,453 | 3,928,512 | ||||||
| Support for parishes | 20 | 166,443 | 214,237 | 380,680 | 279,157 | ||||||
| Church property |
20 | 213,148 | 781,727 | 994,875 | 736,484 | ||||||
| Grants and other financial | support | 20 | 1,255,635 | 147,703 | 1,403,338 | 306,172 | |||||
| Communicabon | 20 | 61,525 | 61,525 | 87,831 | |||||||
| Mission Areas | 20 | 5,909 | 5,909 | 51,918 | |||||||
| Support costs charged | to | charitable | activities | 21 | 38,684 | 38,684 | 55,618 | ||||
| Investment managers costs |
4,094 | 4,094 | 10,000 | ||||||||
| Total expenditure | 5664 185 | 1 219372 | 6883557 | 5435 692 | |||||||
| Net Incomei(expenditure) | end | net | movement | In funds | 104,386 | 1,584,961 | 1,689,346 | 582,864 | |||
| onin | tmenf | ||||||||||
| Realised | 2,384 | 33,185 | 35,569 | (21,426) | |||||||
| Unrealised | 185,802 | 62,196 | 22,984 | 6,511 | 277,493 | (534,759) | |||||
| ~708100 | ~95381 | ~22904 | ~6517 | ~373082 | 558105 | ||||||
| Transfers between | funds | 15,403 | (15,403) | ||||||||
| Fund balances as at 1 January | 2020 | 4,280,044 | 3,022,553 | 363,184 | 94,285 | 7,760,066 | 8,621,018 | ||||
| Fund balances as at 31 | December 2020 | 4211646 | 4496730 | 340200 | 67774 | 9 136350 | 7760 007 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Note | R | ||||||
| Cash used in operating | activities | 22 | 640,509 | 751,756 | |||
| Cash ttows from investin | activities | ||||||
| Interest Income | 4,202 | 10,730 | |||||
| Dividend Income |
80,346 | 187,717 | |||||
| Purchase ofinvestments | (460,734) | (309,139) | |||||
| Proceeds from sale of investments | 533,701 | 308,839 | |||||
| Purchase offixed assets Purchase of investment |
properties | (932,302) | (440,238) ~459,753 |
||||
| Increase/(decrease) in cash and cash equivalents |
in the year | (134,278) | 49,912 | ||||
| Cash and cash equivalents | at the beginning | ofthe | year | 671,529 | 621,617 | ||
| Total cash and cash equivalents | atthe end ofthe year | 537,252 | 671,529 |
| THE STASAPH DIOCESAN BOARD OF FINANCE | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| YEAR ENDED 31DECEMBER 2020 | |||||||||||||
| NOTES TO THE ACCOUNTS | |||||||||||||
| 1 ACCOUNTING POUCIES |
|||||||||||||
| The financial statements have been prepared in acconlance wNh Accounfing and Reporfing by Charfilew Statement ofRecommended |
Practice applicable to | charities preparing | |||||||||||
| Instr accounts in accordance wfih the Finsrelal Reporting Standard applicable in the UK and Republic ofireland (FRS 102)(effective |
I | January 2015) - (Charities SORp (FRs | |||||||||||
| 102)),the Financial Repoffing Standard appfieable in the UK and Republic ofIreland (FRS102)and the Companies |
Act 2008. | ||||||||||||
| StAssph Dkmsssn Board ofFinance meets the deflnfilon of4 public benefs enNy under FRS 102.Assets end Uabifities are |
inNisfiy recognised sl | historical cost or | Irsnssefion | ||||||||||
| value unless otherwise slated In the nrievant accounfing pofiey nate(s). |
|||||||||||||
| The eharily'4 presenlalkmal euneney ls pound slerfing. and afi amounts staled wNhin the finanrrial sbriements |
are munded to |
the nearest pound. | |||||||||||
| (e) Accourmflg Convolrilon |
|||||||||||||
| The financial slalemelris have been prepwed on the historirsl coal basis ofaccounfing, as modlfied by the annual |
revaluation | of | Stock | Exchange | Securfiles. | ||||||||
| Net movements on the revalustkm ofinvestments are not laken to 4 revaluation reserve but, as with net surpluses |
and detlcNC | arising | on reafissfion | offixed assets, sre taken | |||||||||
| dlrscUy to Ihe relevant funds. | |||||||||||||
| At the Ume ofappmvlng the accounts, the trustees have e reasonable expsctsUon thai ths enemy hss adequate resources to confinue |
in operational | existence for Ihs | |||||||||||
| foreseeable fulure. Thus the trustees conUnue to adopt the going concern basis ofaccounting in preparing the accounts. |
|||||||||||||
| (b) Properly | |||||||||||||
| Freehold land held by the Diocese at the balance sheet date has hsd no value attributed to N. Proceeds ofsales of chsfgod ta NIO funds. |
land are credited to | the appropriate | funds | and purchases | are | ||||||||
| Freehold pmpsriy is capitafised and held sl cost less accumulated depreciation wkhin the balance sheet. |
|||||||||||||
| Due tothe hlstorie msure ofthe Church in Wales there is always 4 possibNNy Inst the Diocese may own pmpertles |
that they do | not know about. In | the unusual | ekeumslance | thai | ||||||||
| such a properly is discovered, N is brought in tothe accounts at its current market value ss 4 dansUon. |
|||||||||||||
| (e) lnvesbnmris | |||||||||||||
| Slack Exchange Securifies sre stated al market values based on middle market pricos. | |||||||||||||
| Surpluses and USMts on sales ofinveslmenls ara csbulsted by reference to market value al the stsri ofthe |
year where the | investmenls | were held | st that dale, and tocost | |||||||||
| whsm Ule Iflve4tflxmt4 wwo acquired duflflg Iho year. |
|||||||||||||
| Income from inveslmenls and assodaled tax credfis are Induded in the accounting perio for whish they sre |
receivable. | ||||||||||||
| (d) Grants meelvabls | |||||||||||||
| Grants forthe bufiding and refurbishment ofpopertles snd 44 eontrlbuUons lowards costs are included in tha |
accounting period |
kx which they are | receivable. | Wtlh | regard la | ||||||||
| Nfidows, Orphans snd Dependents, the grants sre pmvtded on an Indtvkkfal basis dependent upon the Information |
provided | by | ths individual widows, |
orphans | or dependents. | ||||||||
| Income from government and other grsnls, whether 'capNal' grants or 'revenue' grant 4 is recognised when the charity has enlMement attached have bean mel, it ls probable thai the income wgl be received and the amount can be measured refiably and is not deferred. |
to the funds, | any performance | condNons | ||||||||||
| (e)Fumkum, fbdures snd Ifitlngs |
|||||||||||||
| ExpendNure an fumkure, fixtures snd Mfing4 ls wrmen off in the period in which the expenditure is incurred, except |
for larger Meme, as | noted in point | Q) below. | ||||||||||
| (fjIncoming resources | |||||||||||||
| Income is recognised when the charfiy has emfilement to the funds, sny condNons sfiachad to Ihe Nem(4) of |
Income have been | mel, itis probable | that ihe Income wfil be | ||||||||||
| received and the amours csn be measured reliably. |
|||||||||||||
| Grants receivable ars aNocaled to Ihe funds to whmh they relate and ara trealed accardingly, | |||||||||||||
| For lagaeNC, enfifiemom istaken as Ihe eariier ofthe date on which either: the charfiy is aware thai probate has been granted, the | estate has been | flnalisad and Ivriificatkm | has | ||||||||||
| been made by Ihe executer(s) to the charity that 4 distribution wfil be made, or when 4 dislrlbufion is received |
from ihe estate. | Receipt | of4 legacy, | In | whole or | in perl, is only | |||||||
| considered protmble when the amount can be measured refiably snd Ihe charity hss been nollfied ofthe executor's |
Intention to |
make a | distribution. | Where legacies | have been | ||||||||
| notmed to the charNy, or Ute chalfiy is aware ofthe granfing ofprobate, and tha crfieria for income reeognilhn | have | nat been | met, | then | ihe legacy is | 4Irected | 44 4corritngsnt | ||||||
| 444et Snd dkmloMU IfIMlsrisl. |
|||||||||||||
| Interest on fund4 held on depasfi is included when receivable snd Ihe amount can be measured nriiably by the ehaffiy. This i4 nonnafiy |
upon nolificalion ofUle interest pskl or | ||||||||||||
| payable by the bank. |
|||||||||||||
| (0) Fund aceounfing | |||||||||||||
| Unrestricte fund4 sm avafiame to spend on acUvfiles that further sny ofthe purposes ofcharky. Designated |
funds | are unresbksed | funds ofIhe chamy whhh | the hostess hare | |||||||||
| decided al their discretion to set aside to use foraspeetfic purpose. Restricted funds are donaUons whkh the | donar | hss specified | are | to be solely used for particular | areas ofthe | ||||||||
| chaffiy'4 work, orfor speeMe arfistm projects being underiaken by the chamy. The charity'4 endownmnl funds |
sre pennanenfiy | endowed | funds; subject to spectfic eondmons | by | |||||||||
| donors that the capNSI ls maintained by the charky. |
|||||||||||||
| (h) Resources expended | |||||||||||||
| Resources expended are recognised on the aawuals basis. The costs are afiacated to each fund 44Ihe invoices srs processed. |
|||||||||||||
| (I) Transfers batsmen funds | |||||||||||||
| These represent adminislrsfion charges from Ihe Restricted Funds to the General Fund and largely represent |
salary | costs. | |||||||||||
| g) TsnglMO fixed assets snd dopleclstlafl | |||||||||||||
| Tangible fixed assets are slated sl coal less depreetmion. Assets are eapitalised at values over 2500. |
|||||||||||||
| is provided M rates csbulsisd lovsfie offthe cost less estimated residual value ofeach asset over its |
expected | useful life, | as follows: | ||||||||||
| Freehold Bufidings 2%strslgM Une |
|||||||||||||
| Computer Equipmenl 33.33%straight line Fixtures 5FiBngs 10%straight line |
|||||||||||||
| (k) Invesbnsnl properfiss |
|||||||||||||
| Invesbnent properly, whhh is pmperly hakl to eam rentals sndfor for capNSI sppreeisUon, is iniJafiy recognised al cost, which |
includes | Ihe purchase | coal and sty direcdy | ||||||||||
| aNlbulable expenditure. SubsequenUy N is measured st fair value stthe reporting end date. Ctmnges in fair value are recognised |
in profit or loss. |
| 12 ANALYSIS OF NET ABBEYSBETWEEN FUNDS (SeeNota 11) | 12 ANALYSIS OF NET ABBEYSBETWEEN FUNDS (SeeNota 11) | Non4:arrant | Net Cunwnl | |||
|---|---|---|---|---|---|---|
| Fixed Assets | Invesunents | Assets | Assets | Total | ||
| ~(dg(dna General Fund Churches Fund |
6 1,853.651 |
6 2,530,338 |
459,753 | 6 | 6 (821,739) 41,053 |
2 4,152,503 41,053 |
| ()sag)00(9(LFFI0((5 | ||||||
| Bangor Hostel | ||||||
| 899(((g(1IIU90((2 | ||||||
| Pilgrim Church Fund Tmnsfoimatlon Fund Diocesan Readers Fund |
3,723 33,934 8,634 |
3,723 33,934 8.S34 |
||||
| Parsonage Board |
389,941 | 389,941 | ||||
| Educabonal Trust Fund |
1,070,445 | 1.405,999 | ||||
| Calhedral Fund Widows, Orphans 8Dependents Ruth Roberts Fund |
Fund | 135,784 388,896 190,498 |
32,225 (72,040) |
107,989 318,250 190N98 |
||
| Mrs BJM Smkh Fund Hope Slreel Fund SWTanganylks Fund |
113,800 | 1,858,781 11,181 |
113,800 1,858,781 1'1,161 |
|||
| Pmpsny hlconle Fund |
18,090 | 18,090 | ||||
| EgggggiggLFF(2 | ||||||
| Wlnlfred I Thomas Fund |
87,774 | 87,774 | ||||
| I 853051 | 4827 300 | 459753 | 130500 | 1885 088 | 9138350 | |
| 1$GRANTS RECEIVED | ||||||
| 2020 | 2019 | |||||
| 6 | 8 |
| GENERAL FUND | Note | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|
| INCOME | E | 5 | |||||
| Perish share Dividends Loan interest Bank interest |
3,259,549 27,572 1,899 150 |
3,155,288 127,575 4,969 53 |
|||||
| Education Trust loan interest | |||||||
| Miscellaneous RBcontribution re DAC RBblock grant Rev GO Owen Trust Wrexham (Parochial) Educational Foundation RBCoronavirus emergency funding Coronavirus Job Retention Scheme grant |
16 | 3,717 8,333 1,041,279 5,158 50,387 1,156,605 23,031 |
4,197 8,333 1,041,278 6,636 17,698 |
||||
| Rental income, let personages | 160,000 | ||||||
| Property donations | 433,398 | ||||||
| QIIIEd | |||||||
| Donations | |||||||
| Bishops ordination fund |
|||||||
| Legacy G ERess Jones, Isla | Johnson | 7,744 | 5,625 | ||||
| LE:EXPENDI R |
6,745,424 | 4,805,050 | |||||
| Maintenance ofMinis |
|||||||
| Representative Body dergy |
costs | 2,171,762 | 2,138,514 | ||||
| Archdeacon expenses |
10,926 | 19,717 | |||||
| Clergy pension contributions |
758,490 | 716,798 | |||||
| Property meeting expenses |
87 | 138 | |||||
| Insurance, Clergy |
|||||||
| Council tax | 184,142 | 186,799 | |||||
| Contribution to Parsonage |
Board | 374,996 | 376,532 | ||||
| Diocesan Advisory Committee | 318 | 3,080 | |||||
| Transition ministry |
9,332 | 11,093 | |||||
| Resource church | |||||||
| Clergy housing loan interest |
|||||||
| Miscellaneous | 2,596 | 2,890 | |||||
| Churches Emergency Aid |
16,667 | 16,667 | |||||
| Mission Area consultant | 1,800 | 15,578 | |||||
| Mission Area /20-20 vision | 5,916 | 51,918 | |||||
| Church Army Introduc8on to Diocese Governance: |
3,145 | 5,943 70 |
|||||
| Transition Mentors |
|||||||
| Contribution to transformation |
fund | ||||||
| Safeguarding | 99 | 733 | |||||
| Governing | Body meeting | expenses | 1,024 | 16,952 | |||
| Registrar | costs | 26,651 | 26 103 | ||||
| 3,565,951 | 3,589,525 | ||||||
| SliBI8hXE&EE0888 | |||||||
| Readers | 207 | 620 | |||||
| Mission Area Leaders expenses | 10,293 | 22,236 | |||||
| Rural ministry expenses | 11,878 | 13,510 | |||||
| Removals | 61,388 | 47,064 | |||||
| Interregnum fees |
193 | 891 | |||||
| Clergy support | 1,367 | ||||||
| Board ofnominations | 2,087 | 12,592 | |||||
| LGBTChaplaincy | |||||||
| 86,046 | 98,280 | ||||||
| ggg~&~alg08 | |||||||
| Cathedral Grant |
17 | 67,600 | 66,176 | ||||
| Social Engagement Grant |
17 | 7,602 | 4,338 | ||||
| TCC Grant | 17 | 5,000 | |||||
| Coronavirus Enabling Grants |
17 | 51,846 | |||||
| Coronavirus Finance Enabling |
Scheme | 17 | 1,043,823 | ||||
| Youth Grant | 17 | 3,080 | 1,000 | ||||
| 1,173,951 | 76,614 | ||||||
| Expenditure | Carried Forward | 4,825,948 | 3,764,319 |
| GENERAL FUND (CONTINUED) | GENERAL FUND (CONTINUED) | Note | 2020 | 2019 | |
|---|---|---|---|---|---|
| E | 5 | ||||
| Expenditure | Brought Forward | 4,625,948 | 3,764,319 | ||
| Administration costs |
86,584 | 78,831 | |||
| Depreciation | 45,391 | 27,022 | |||
| Stockbroker fees | 4,098 | 10,000 | |||
| Diocesan conference and meetings | 1,928 | 13,360 | |||
| Staff training | 862 | 937 | |||
| 138,863 | 130,160 | ||||
| E isco I Ex n s |
|||||
| Bishops funds | 9,200 | 9,011 | |||
| Bishops staff meeting expenses Bishops Chaplain expenses Episcopal expenses |
651 445 ~22 |
1,375 412 62 |
|||
| 10,274 | 10,860 | ||||
| Miscellaneou ex nses |
|||||
| Property Inspections | 15,802 | 21,141 | |||
| ~Develo ing |
16,802 | 21,141 | |||
| Ordinands training |
711 | ||||
| Ordinands Robe allowances G ERees Jones grants Steering group expenses Training expenses 8 dergy Living & learning/Exploring |
conference Faith |
4,800 13,249 |
4,500 1,413 1,000 25,757 |
||
| Training ofhcer costs | |||||
| Ministry expenditure | 54 | 322 | |||
| Spirituality and healing |
70 | 539 | |||
| Ecumenism | |||||
| Liturgy | |||||
| Parish development | |||||
| Vocations Selection Discernment costs |
(64) 153 |
462 | |||
| 18,262 | 34,704 | ||||
| ~tP QQL%JII%)ihSE |
|||||
| ~ri | |||||
| Youth Children/schools Bishop's visitors Administration College chaplaincy Training Costs |
3,834 2,712 6,994 7,091 9,709 |
15,682 8,989 11,188 10,032 5,832 'I,446 |
|||
| Steering group expenses | 115 | 276 | |||
| Funding and parish support Stewardship |
2,399 118 |
3,397 623 |
|||
| Training together | 336 | 1,010 | |||
| 35,308 | 68,475 | ||||
| &mmggigg)Jm5 | |||||
| Communications | 12,412 | 12,877 | |||
| Printing publications |
19,399 | 22 200 | |||
| isation | 31,811 | 35,477 | |||
| 937 | 3,225 | ||||
| 937 | 3,225 | ||||
| Expenditure | Carried Forward | 5,077,205 | 4,058,351 |
| GENERAL FUND (CONTINUED) | GENERAL FUND (CONTINUED) | GENERAL FUND (CONTINUED) | Note | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| 6 | ||||||
| Expenditure | Brought Forward | 5,077,206 | 4,058,361 | |||
| Eh!Qh(s)t'ai | ||||||
| Steering group expenses | 172 | 707 | ||||
| Evangelism | ||||||
| Hope 8 future | ||||||
| Evangalist training |
and | expenses | ||||
| Engagement officer |
1,143 | 992 | ||||
| Diocesan World Mission | ||||||
| Conferences | 336 | |||||
| Offerings | 255 | 81 | ||||
| General Resources | 41 | 733 | ||||
| Church &society |
1 513 | 1 994 | ||||
| 3,124 | 4,763 | |||||
| 10 | 617,456 | 513,132 | ||||
| Less: Administration | contribution | |||||
| Parsonage Soard Education Trust |
(40,992) ~45.355 |
(40,148) ~47,599 |
||||
| (56,342) | (57,648) | |||||
| TOTAL EXPENDITURE | 6,541,443 | 4,618,688 | ||||
| Surplus / (deficit) for the |
year | 203,981 | 286,462 | |||
| Transfer from restricted | funds | 15,403 | ||||
| Fund balance as at | 1 January 2020 | 4,121,305 | 3,497,753 | |||
| Realised surplus / (deficit) on investments |
(2,384) | 26,237 | ||||
| Unrealised surplus |
/ (deficit) on investments | (185,802) | 310,843 | |||
| Fund balance as at 31 | December 2020 | 4,152,603 | 4,121,306 |
| CHURCHES | FUND REVENUE ACCOUNT | FUND REVENUE ACCOUNT | Note | 2020 | 2019 |
|---|---|---|---|---|---|
| 6 | E | ||||
| ~ME | |||||
| All Churches | Trust Fund | 23,148 | 48 848 | ||
| 23,146 | 48,646 | ||||
| ~EXPE ~IT | E | ||||
| Grants | 17 | 42,381 | 29,120 | ||
| 42,381 | 29,120 | ||||
| Surplus / (deficit) for the year |
(19,235) | 19,526 | |||
| Fund balance | as at 1 January 2020 | 60,288 | 40,762 | ||
| Unrealised surplus / (deficit) on investments |
|||||
| Fund balance | as at 31December 2020 | 41,063 | 60,288 | ||
| PROPERTY | INCOME FUND | 2020 | 2019 | ||
| E | |||||
| ~IN ME |
|||||
| Let property | 100,000 | ||||
| 100,000 | |||||
| ~EXP N IT |
RE | ||||
| Administrator | funding | 1,548 | |||
| Grants | 80,362 | ||||
| 80,382 | 1,548 | ||||
| Surplus / (deficit) for the year |
(80,382) | 98,452 | |||
| Fund balance | as at 1 January 2020 | 98,452 | |||
| Fund balance | as at 31December 2020 | 18,090 | 98,462 | ||
| BANGOR HOSTEL FUND | 2020 | 2019 | |||
| E | |||||
| Dividends received |
|||||
| Unrealised surplus / (deficit) on investments |
(22,984) | 32,003 | |||
| Fund balance | as at 1 January 2020 | 363,184 | 331,181 | ||
| Fund balance | as at 31December 2020 | 340,200 | 383184 | ||
| PILGRIM CHURCH FUND | 2020 | 2019 | |||
| E | |||||
| Bank interest | |||||
| Sundry income | 5,968 | 2,031 | |||
| 5,968 | 2,031 | ||||
| Miscellaneous | 3,499 | 1,286 | |||
| 3,499 | 1,286 | ||||
| Surplus / (deficit) for the year |
2,469 | 745 | |||
| Fund balance | as at 1 January 2020 | 1,254 | 509 | ||
| Transfer | |||||
| Fund balance | as at31December 2020 | 3,723 | 1 384 |
| TRANSFORMATION | TRANSFORMATION | FUND | FUND | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| E | K | |||||
| ~IN M |
||||||
| Representafive | Body | contribution | ||||
| Grants | 8,823 | 237,417 | ||||
| Diocesan Contribution | ||||||
| 8,823 | 237,417 | |||||
| EXPENDI RE |
||||||
| Grants | 32,149 | 53,326 | ||||
| Evangelism | 226,851 | 8,224 | ||||
| 259,000 | 61,550 | |||||
| Surplus I(deficit) for | the year | (250,177) | 175,867 | |||
| Fund balance | as at 1 January 2020 | 284,111 | 108,244 | |||
| Transfer | ||||||
| Fund balance | as at | 31December 2020 | 33,934 | 284,111 | ||
| DIOCESAN READERS FUND REVENUE ACCOUNT | 2020 | 2019 | ||||
| R | E | |||||
| ~IN OME |
||||||
| DBFgrant RBre services Bank interest |
taken | by readers | 198 13 |
|||
| 211 | ||||||
| ~EXPEN IT RE |
||||||
| Conference | 593 | |||||
| Administration | 189 | 406 | ||||
| Miscellaneous | 72 | 72 | ||||
| Robes - new readers | ||||||
| 261 | 1,071 | |||||
| Surplus I(deficit) for | the year | (255) | (860) | |||
| Fund baktnce | as at 1 January 2020 | 6,889 | 7,749 | |||
| Fund balance | as at | 31December 2020 | 6,634 | 9sss | ||
| PARSONAGE | BOARD REVENUE ACCOUNT | 2020 E |
2019f | |||
| LNN | ||||||
| Diocesan contribution | 374,996 | 376,532 | ||||
| Marshafi Charity |
13 | |||||
| Rent | 221,366 | 198,729 | ||||
| Interest received on improvement fund |
2001 | 5501 | ||||
| 598,363 | 580,762 | |||||
| E)(E'R52ILBE Repairs &improvements |
-net ofreimbursements | 408,001 | 499,397 | |||
| Administrafion | contribution | (General Fund) | 42,355 | 42,016 | ||
| Rent received | to property | fund | 160,000 | 100,000 | ||
| Insurance | 20,876 | 18,697 | ||||
| Staff | ||||||
| 631,232 | 660,110 | |||||
| Surplus I(deficit) for | the year | (32,869) | (79,348) | |||
| Fund balance | as at 1 January 2020 | 422,810 | 502,158 | |||
| Fund balance | as at | 31December 2020 | 399941 | 422,810 |
| EDUCATION TRUST FUND REVENUE ACCOUNT | EDUCATION TRUST FUND REVENUE ACCOUNT | EDUCATION TRUST FUND REVENUE ACCOUNT | EDUCATION TRUST FUND REVENUE ACCOUNT | EDUCATION TRUST FUND REVENUE ACCOUNT | 2020 | 2019 |
|---|---|---|---|---|---|---|
| E | ||||||
| ~IN ME |
||||||
| Investment income Bank interest |
37,976 108 |
47,805 149 |
||||
| Rents Miscellaneous - |
including | proceeds from sale offormer schools | 22,418 2,185 |
29,021 | ||
| Welsh Assembly | Government | 30,809 | 83886 | |||
| 93,472 | 160,961 | |||||
| ~PENDIIIIRE | ||||||
| Schools: | ||||||
| New buildings / extensions / improvements Planning &professional fees |
5,652 3,544 |
2,979 1,157 |
||||
| Administration contribution |
to General Fund | |||||
| Stockbroker fees | ||||||
| WAG Cap Fund | 98,333 | 63,923 | ||||
| Miscellaneous | 2,243 | 80 | ||||
| EIGSchools | 12,096 | 11,100 | ||||
| Total expenditure | 119,868 | 79,239 | ||||
| Surplus /(deficit) | for | the year | (26,396) | 81,722 | ||
| Fund balance as | at 1 January 2020 | 1,484,182 | 1,299,464 | |||
| Realised surplus | / (deficit) | on investments | (25,331) | (4,257) | ||
| Unrealised surplus |
/ | (deficit) on investments | (26,436) | 107,233 | ||
| Fund balance as | at | 31December 2020 | 7,666,888 | 1,484,162 | ||
| CATHEDRAL FUND | 2020 | 2018 | ||||
| E | E | |||||
| lhh(IME | ||||||
| Dividends | 3,680 | 4,132 | ||||
| Bank interest | 1 | |||||
| 3,680 | 4,133 | |||||
| gX~PEN LTT/RREE |
||||||
| Dean &Chapter | ||||||
| Stockbroker fees | ||||||
| Transfer ofcustodian | trustee funds to Cathedral | |||||
| Bank charges | 73 | 73 | ||||
| 73 | 73 | |||||
| Surplus / (deficit) |
for | the year | 3,807 | 4,060 | ||
| Fund balance as | at 1 January 2020 | 176,353 | 159,947 | |||
| Realised surplus | / | (deficit) | on investments | (3,308) | (383) | |
| Unrealised surplus |
/ (deficit) on investments | (8,663) | 12,729 | |||
| Fund balance as | at | 31December 2020 | 767 aaa | 776383 |
| WIDOWS, ORPHANS SDEPENDANTS | WIDOWS, ORPHANS SDEPENDANTS | WIDOWS, ORPHANS SDEPENDANTS | FUND | 2020 | 2019 |
|---|---|---|---|---|---|
| E | E | ||||
| ~IN E |
|||||
| Grant from Diocesan Board of Finance | |||||
| Investment income |
11,118 | 8,205 | |||
| Donafions | 1,325 | 1,570 | |||
| Corwen college pension charity | 32,195 | ||||
| Bank interest | 34 | ||||
| Miscellaneous | |||||
| Legacies | |||||
| 44,672 | 9,813 | ||||
| ~REPEN IT RE |
|||||
| Church in Wales |
W00Society | 20,000 | 9,100 | ||
| Grants and gifts | 8,550 | 12,800 | |||
| Miscellaneous | 129 | 117 | |||
| Stockbroker fees | |||||
| 28,879 | 22,017 | ||||
| Surplus / (deficit) |
for the year | 15,993 | (12,204) | ||
| Fund balance as | at | 1 January 2020 | 309,327 | 290,245 | |
| Realised surplus | / (deficit) on investments | (4,546) | (171) | ||
| Unrealised surplus |
/ (deficit) on investments | (4,524) | 31,457 | ||
| Transfer | |||||
| Fund balance as at 31December 2020 | 316,260 | 309,327 | |||
| RUTH ROBERTS FUND | 2020 | 2019 | |||
| E | |||||
| Fund balan' as | at | 1 January 2020 | 204,629 | 184,953 | |
| Unrealised surplus |
/ (deficit) on investments | (14,131) | 19,676 | ||
| Fund balance as at 31December 2020 | 190,498 | 204,629 | |||
| MRS BJM SMITH FUND | 2020 | 2019 | |||
| E | E | ||||
| Fund balance as | at | 1 January 2020 | 122,242 | 110,488 | |
| Unrealised surplus |
/ (deficit) on investments | (8,442) | 11,754 | ||
| Fund balance as at31December 2020 | 113,800 | 122,242 | |||
| SW TANGANYIKA | FUND | 2020 | 2019 | ||
| E | E | ||||
| !HQQIK | |||||
| DBFGrant | |||||
| Donations | 35,418 | 69,525 | |||
| Bank interest received | 6 | 6 | |||
| 35,424 | 69,531 | ||||
| EKKh!DlIUHK | |||||
| Travelling expenses | 1,270 | 2,217 | |||
| Bank charges | 304 | 384 | |||
| Donations | 33,445 | 58,490 | |||
| Miscellaneous expenses |
|||||
| 35,019 | 61,091 | ||||
| Surplus / (deficit) |
for the year | 405 | 8,440 | ||
| Fund balance as | at | 1 January 2020 | 10,776 | 2,336 | |
| Fund balance as at31December 2020 |
| WINIFRED I THOMAS FUND | 2020f | 2019f |
|---|---|---|
| Fund balance as at 1 January 2020 | 94,285 | 85,219 |
| Unrealised surplus I(deficit) on investments |
(6,511) | 9,066 |
| Fund balance as at 31December 2020 | 87,774 | 84,286 |
| HOPE STREETFUND | 2020f | 2018f |
| ~IN ME |
||
| Grant | 2,013,925 | |
| 2,013,925 | ||
| Q(~PEN ~IT RE Travelling expenses |
601 | |
| Legal fees Advertising |
840 4,487 |
|
| Operations manager Repairs Stipend Nl and pension Grants redistributed |
14,783 193 49,05t 71,786 |
|
| 141,741 | ||
| Surplus I(deficit) for the year | 1,872,184 | |
| Transfer to unrestricted fund |
(15,403) | |
| Fund balance as at 1 January 2020 | ||
| Fund balance as at31December 2020 | 1 $88181 |