| 2 0 2 4 | 2 0 2 3 | |||||
|---|---|---|---|---|---|---|
| U n r e s t r i c t e d | R e s t r i c t e d | T o t a l | T o t a l | |||
| f u n d s | f u n d s | f u n d s | f u n d s | |||
| as restated | ||||||
| N o t e s | £ | £ | £ | £ | ||
| I N C O M E A N D E N D O W M E N T S |
F R O M | |||||
| Investment income | 2 | 105,882 | 209,641 | 315,523 | 277,951 | |
| Other income | 726,796 | 3,616 | 730,412 | |||
| T o t a l | 832,678 | 213,257 | 1,045,935 | 277,951 | ||
| E X P E N D I T U R E O N |
||||||
| C h a r i t a b l e a c t i v i t i e s | 3 | |||||
| Maintenance and repair of Pre-Reformation | ||||||
| churches | 25,031 | 25,031 | 22,265 | |||
| Statutory education purposes within the diocese | 47,615 | 47,615 | 16,956 | |||
| Beneft of individual Ministry Areas | 191,319 | 191,319 | 55,651 | |||
| Holding services in the Welsh language | 9,727 | 9,727 | 8,752 | |||
| To support the clergy in the Diocese | of Bangor | 1,250 | 1,250 | |||
| T o t a l | 2 3 8 , 9 3 4 ’ |
36,008 | 2 7 4 , 9 4 2 ’ |
103,624 | ||
| Net gains/(losses) on investments | 293,991 | 5 4 9 , 0 0 5 ’ |
842,996 | (432,022) | ||
| N E T I N C O M E / ( E X P E N D I T U R E ) | 887,735 | 726,254 | 1,613,989 | (257,695) | ||
| Tr a n s f e r s b e t w e e n f u n d s | 1 4 | (1,149,959) | 1,149,959 | |||
| N e t m o v e m e n t i n f u n d s | (262,224) | 1,876,213 | 1,613,989 | (257,695) | ||
| R E C O N C I L I A T I O N O F F U N D S | ||||||
| Total funds brought forward | 4,660,688 | 7,685,636 | 12,346,324 | 1 2 , 6 0 4 , 0 1 9 | ||
| T O T A L F U N D S C A R R I E D F O R W A R D | 4,398,464 | 9,561,849 | 13,960,313 | 12,346,324 |
| 2 0 2 4 | 2 0 2 3 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | T o t a l | To t a l | ||||
| f u n d s | f u n d s | f u n d s | funds | ||||
| a s r e s t a t e d | |||||||
| N o t e s | £ | £ | £ | £ | |||
| F I X E D | A S S E T S |
||||||
| Tangible assets | 1 0 | 593,797 | 232,782 | 826,579 | 834,928 | ||
| I n v e s t m e n t s | 11 | 2,862,102 | 8,054,795 | 10,916,897 | 9,751,714 | ||
| 3,455,899 | 8,287,577 | 11,743,476 | 10,586,642 | ||||
| C U R R | E N T A S S E T S | ||||||
| D e b t o r s | 1 2 | 108,283 | 9,895 | 118,178 | 301,756 | ||
| Cash at bank | 901,996 | 1,296,428 | 2,198,424 | 1,522,758 | |||
| 1,010,279 | 1,306,323 | 2,316,602 | 1,824,514 | ||||
| C R E D | I T O R S | ||||||
| Amounts falling due within one year | 1 3 | (67,714) | (32,051) | (99,765) | (64,832) | ||
| N E T C U R R E N T A S S E T S | 942,565 | 1,274,272 | 2,216,837 | 1,759,682 | |||
| T O T A L | A S S E T S L E S S |
C U R R E N T | |||||
| L I A B I | L I T I E S | 4,398,464 | 9,561,849 | 13,960,313 | 12,346,324 | ||
| N E T | A S S E T S | 4,398,464 | 9,561,849 | 13,960,313 | 12,346,324 | ||
| F U N D | S | 1 4 | |||||
| U n r e s t r i c t e d f u n d s | 4,398,464 | 4,660,688 | |||||
| R e s t r i c t e d f u n d s | 9,561,849 | 7,685,636 | |||||
| T O T A L | F U N D S |
13,960,313 | 12,346,324 |
| 2 0 2 4 | 2 0 2 3 | ||
|---|---|---|---|
| as restated | |||
| N o t e s | £ | £ | |
| Cash fows from operating activities | |||
| Cash generated from operations | 1 | 682,654 | (298,559) |
| Interest paid | (150) | (150) | |
| Net cash provided by/(used in) operating activities | 682,504 | (298,709) | |
| Cash fows from investing activities | |||
| Purchase of tangible fxed assets | (504,775) | ||
| Purchase of fxed asset investments | (454,617) | (18,343) | |
| Sale of fxed asset investments | 132,430 | 16,276 | |
| Interest received | 315,349 | 277,777 | |
| Net cash used in investing activities | (6,838) | (229,065) | |
| Change in cash and cash equivalents in | |||
| the reporting period | 675,666 | (527,774) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 1,522,758 | 2,050,532 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 2,198,424 | 1,522,758 |
| O P E R A T I N G A C T I V I T I E S |
||
|---|---|---|
| 2 0 2 4 | 2 0 2 3 | |
| a s r e s t a t e d | ||
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the | ||
| Statement of Financial Activities) | 1,613,989 | (257,695) |
| Adjustments for: | ||
| Depreciation charges | 8,349 | 8,435 |
| (Gain)/losses on investments | (842,996) | 432,022 |
| Interest received | (315,349) | (277,777) |
| Interest paid | 1 5 0 | 1 5 0 |
| Decrease/(increase) in debtors | 183,579 | (203,294) |
| Increase/(decrease) in creditors | 34,932 | (400) |
| Net cash provided by/(used in) operations | 682,654 | (298,559) |
| A t 1 . 4 . 2 3 | C a s h f o w |
A t 3 1 . 3 . 2 4 | |
|---|---|---|---|
| £ | £ | £ | |
| N e t c a s h | |||
| Cash at bank | 1,522,758 | 675,666 | 2,198,424 |
| 1,522,758 | 675,666 | 2,198,424 | |
| T o t a l | 1,522,758 | 675,666 | 2,198,424 |
| N V E S T M E N T I N C O M E |
||
|---|---|---|
| 2 0 2 4 | 2 0 2 3 | |
| a s r e s t a t e d | ||
| £ | £ | |
| O t h e r i n c o m e | 1 7 4 | 1 7 4 |
| B a n k i n t e r e s t r e c e i v e d | 44,750 | 19,305 |
| Dividends received | 270,599 | 258,472 |
| 315,523 | 277,951 |
| A R I T A B L | E A C T I V I T I E S C O S T S |
||||
|---|---|---|---|---|---|
| G r a n t | |||||
| funding of | |||||
| activities | Support | ||||
| D i r e c t | (see note | costs (see | |||
| C o s t s | 4 ) | note 5) | T o t a l s | ||
| £ | £ | £ | £ | ||
| Maintenance and repair of | |||||
| Pre-Refonnation churches | 25,031 | 25,031 | |||
| Statutory education purposes within the | |||||
| diocese | 29,396 | 4,700 | 13,519 | 47,615 | |
| Beneft of | individual Ministry Areas | 162,942 | 2,710 | 25,667 | 191,319 |
| Holding services in the Welsh language | 3 5 6 | 9,371 | 9,727 | ||
| To support the clergy in the Diocese of | |||||
| Bangor | 1,250 | 1,250 | |||
| 192,694 I |
8,660 | 73,588 | 274,942 | ||
| R A N T S | P A Y A B L E | ||||
| 3 1 . 0 3 . 2 0 2 4 | 3 1 . 0 3 . 2 0 2 3 | ||||
| £ | £ | ||||
| Grants paid | 1 2 . 1 6 0 | 4 , 7 0 0 | |||
| 12.160 | 4 , 7 0 0 |
| P P O R T C O S T S |
|||
|---|---|---|---|
| G o v e r n a n c e | |||
| Management | c o s t s | To t a l s | |
| £ | £ | £ | |
| Maintenance and repair of Pre-Reformation | |||
| churches | 22,235 | 2,796 | 25,031 |
| Statutory education purposes within the | |||
| diocese | 12,583 | 9 3 6 | 13,519 |
| Beneft of individual Ministry Areas | 21,359 | 4,308 | 25,667 |
| Holding services in the Welsh language | 9,371 | 9,371 > |
|
| 65,548 | 8,040 | 73,588 |
| 2 0 | 2 4 | 2 0 2 3 | |
|---|---|---|---|
| a s r e s t a t e d | |||
| £ | £ | ||
| Auditors' remuneration | 7,800 | 7,206 | |
| Auditors' remuneration for non audit work | 2 4 0 | ||
| Depreciation -owned assets | 8,349 | 8,435 |
| Unrestricted | R e s t r i c t e d | To t a l | ||
|---|---|---|---|---|
| funds | f u n d s | funds | ||
| as restated | ||||
| £ | £ | £ | ||
| I N C O M E A N D E | N D O W M E N T S F R O M | |||
| Investment income | 92,549 | 185,402 | 277,951 | |
| E X P E N D I T U R E | O N | |||
| C h a r i t a b l e a c t i v i t i e s | ||||
| Maintenance and repair of Pre-Reformation | ||||
| c h u r c h e s | 22,265 | 22,265 | ||
| Statutory education purposes within the | ||||
| diocese | 16,822 | 1 3 4 | 16,956 | |
| Beneft of individual Ministry Areas | 50,261 | 5,390 | 55,651 | |
| Holding services in | the Welsh language | 8,752 | 8,752 | |
| T o t a l | 67,083 | 36,541 | 103,624 |
| Unrestricted | Restricted | To t a l | |
|---|---|---|---|
| f u n d s | funds | funds | |
| as restated | |||
| £ | £ | £ | |
| Net gains/(losses) on investments | (185,293) | ( 2 4 6 , 7 2 9 ) | (432,022) |
| N E T I N C O M E / ( E X P E N D l T U R E ) | (159,827) | (97,868) | (257,695) |
| R E C O N C I L I A T I O N O F F U N D S | |||
| Total funds brought forward | 4,820,515 | 7,783,504 | 12,604,019 |
| T O T A L F U N D S C A R R I E D F O R W A R D | 4,660,688 | 7,685,636 | 12,346,324 |
| F r e e h o l d | |||
|---|---|---|---|
| p r o p e r t y | |||
| £ | |||
| C O S T | |||
| At 1April 2023 and 31 March 2024 | 8 5 0 , 2 3 8 1 |
||
| D E P R | E C I A T I | O N | |
| At 1April 2023 | 15,310 | ||
| Charge | for year | 8,349 | |
| A t 3 1 M a r c h 2 0 | 2 4 | 23,659 | |
| N E T | B O O K | V A L U E | |
| At 31 | March 2024 | 8 2 6 , 5 7 9 | |
| A t 3 1 M a r c h 2 0 | 2 3 | 834,928 |
| L i s t e d | |||
|---|---|---|---|
| investments | |||
| £ | |||
| M A R K E T | V A | L U E | |
| At 1April 2023 | 9,751,714 | ||
| A d d i t i o n s | 454,617 | ||
| Disposals | (125,303) | ||
| Unrealised gain/(loss) | 843,905 | ||
| Unrealised (gain)/loss now realised on | |||
| disposals | (8,036) | ||
| A t 3 1 M a r c h | 2 0 | 2 4 | 10,916,897 |
| N E T B O O K |
V A L U E | ||
| At 31 March | 2024 | 10,916,897 | |
| At 31 March | 2023 | 9,751,714 |
| 1 | 2 | . | D E B T O R S : A | M O U N T S | F A L L I N G | D U E W | I T H I N O | N E Y E | A R | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 0 2 4 | 2 0 2 3 | ||||||||||
| a s r e s t a t e d | |||||||||||
| £ | £ | ||||||||||
| Other debtors | 118,178 | 301,756 | |||||||||
| 1 | 3 | . | C R E D I T O R S : | A M O U N T S | F A L L I N G | D U E | W I T H I N | O N E | Y E A R | ||
| 2 0 2 4 | 2 0 2 3 | ||||||||||
| a s r e s t a t e d | |||||||||||
| £ | £ | ||||||||||
| Other creditors | 99,765 | 64,832 |
| O V E M E N T I N F U N D S |
||||
|---|---|---|---|---|
| N e t | Transfers | |||
| m o v e m e n t | b e t w e e n | A t | ||
| A t 1 . 4 . 2 3 | i n f u n d s | f u n d s | 3 1 . 3 . 2 4 | |
| £ | £ | £ | £ | |
| U n r e s t r i c t e d f u n d s | ||||
| General fund | 808,504 | 553,844 | (1,149,959) | 212,389 |
| School Fund | 854,959 | (45,549) | 809,410 | |
| S t C a d f a n F u n d | 2,997,225 | 379,440 | 3,376,665 | |
| 4,660,688 | 887,735 | (1,149,959) | 4,398,464 | |
| R e s t r i c t e d f u n d s | ||||
| W G R o b e r t s F u n d |
5,227,864 | 529,709 | 5,757,573 | |
| G I E v a n s F u n d | 1,807,376 | 140,529 | 1,947,905 | |
| MEHughes Fund | 3,840 | 2 9 1 | 4,131 | |
| G H A E d w a r d s F u n d |
35,149 | 4,213 | 39,362 | |
| Sir Richard &Lady Vaughan Fund | 31,057 | 5,691 | 36,748 | |
| Ministry Area Investments | 1,149,959 | 1,149,959 | ||
| The Representative Body of the Church in | ||||
| Wales Investments | 580,350 | 45,821 | 626,171 | |
| 7,685,636 | 726,254 | 1,149,959 | 9,561,849 | |
| T O T A L F U N D S |
12,346,324 | 1,613,989 | 13,960,313 | |
| Net movement in funds, included in the above | are as follows: | |||
| Incoming | R e s o u r c e s | Gains and | M o v e m e n t | |
| r e s o u r c e s | expended | losses | in funds | |
| £ | £ | £ | £ | |
| U n r e s t r i c t e d f u n d s | ||||
| G e n e r a l f u n d | 600,251 | (171,968) | 125,561 | 553,844 |
| School Fund | 21,519 | (47,615) | (19,453) | (45,549) |
| St Cadfan Fund | 210,908 | (19,351) | 187,883 | 379,440 |
| 832,678 | (238,934) | 293,991 | 887,735 | |
| R e s t r i c t e d f u n d s | ||||
| W G R o b e r t s F u n d |
148,233 | (25,031) | 406,507 | 529,709 |
| G 1 E v a n s F u n d | 46,802 | (9,727) | 103,454 | 140,529 |
| MEHughes Fund | 2 9 1 | 2 9 1 | ||
| G H A E d w a r d s F u n d | 4,213 | 4,213 | ||
| Sir Richard &Lady Vaughan Fund | 4,462 | (1,250) | 2,479 | 5,691 |
| The Representative Body of the Church in | ||||
| Wales Investments | 13,760 | 32,061 | 45,821 | |
| 213,257 | (36,008) | 549,005 | 726,254 | |
| T O T A L F U N D S |
1,045,935 | (274,942) | 842,996 | 1,613,989 |
| N e t | |||
|---|---|---|---|
| m o v e m e n t | A t | ||
| A t 1 . 4 . 2 2 | in funds | 3 1 . 3 . 2 3 | |
| £ | £ | £ | |
| U n r e s t r i c t e d f u n d s | |||
| G e n e r a l f u n d | 847,71 1 | (39,207) | 808,504 |
| School Fund | 925,158 | (70,199) | 854,959 |
| St Cadfan Fund | 3,047,646 | (50,421) | 2,997,225 |
| 4,820,515 | (159,827) | 4,660,688 | |
| R e s t r i c t e d f u n d s | |||
| W G R o b e r t s F u n d |
5,295,523 | (67,659) | 5,227,864 |
| G I E v a n s F u n d | 1,830,133 | (22,757) | 1,807,376 |
| MEHughes Fund | 3,862 | (22) | 3,840 |
| G H A E d w a r d s F u n d | 40,971 | (5,822) | 35,149 |
| Sir Richard &Lady Vaughan Fund | 31,277 | (220) | 31,057 |
| The Representative Body of the Church in | |||
| Wales Investments | 581,738 | (1,388) | 580,350 |
| 7,783,504 | (97,868) | 7,685,636 | |
| T O T A L F U N D S |
12,604,019 | (257,695) | 12,346,324 |
| Incoming | R e s o u r c e s | Gains and | M o v e m e n t | ||
|---|---|---|---|---|---|
| r e s o u r c e s | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| U n r e s t r i c t e d f u | n d s | ||||
| G e n e r a l f u n d | 1,108 | (31,585) | (8,730) | (39,207) | |
| S c h o o l F u n d | 20,799 | (16,822) | (74,176) | (70,199) | |
| St Cadfan Fund | 70,642 | (18,676) | (102,387) | (50,421) | |
| 92,549 | (67,083) | (185,293) | (159,827) | ||
| R e s t r i c t e d f u n d | s | ||||
| W G R o b e r t s F u | n d | 131,232 | (22,265) | (176,626) | (67,659) |
| G I E v a n s F u n d | 39,971 | (8,886) | (53,842) | (22,757) | |
| MEHughes Fund | (22) | (22) | |||
| G H A E d w a r d s | F u n d | (5,390) | (432) | (5,822) | |
| Sir Richard &Lady Vaughan Fund | 7 2 5 | (945) | (220) | ||
| The Representative Body of the Church in | |||||
| Wales Investments | 13,474 | (14,862) | (1,388) | ||
| 185,402 | (36,541) | (246,729) | (97,868) | ||
| T O T A L F U N D |
S | 277,951 | (103,624) | (432,022) | (257,695) |