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||||||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)|
##
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