2020-12-31-accounts - Beulah United Reformed Church

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Principal Address	Principal Address		Beulah United Reformed	Church
			Beulah Road
			Rhiwbina
			Cardiff CF146LT
Trustees			Mr Huw Morgan (Chair)
			Mrs Barbara Rhys (Church Treasurer)
			Mrs Fiona Reynolds
			Mrs Joan Staddon	(resigned June 2020)
			Mrs Ruth Williams
			Mr Colin Grimes
			Mrs Eleri John
			Mr Harley Jones
Bankers			CAF Bank Ltd
			PO Box280
			West Mailing
			Kent
			ME194TA
Independent	Examiners		Williams Ross Limited
			Chartered Accountants
			4Ynys Bridge Court
			Gwaelod YGarth
			Cardiff
			CF15QSS
Charity Name			Beulah United Reformed	Church - Manse
Charity Registration		No.	236457

				Page
Annual Report				1-3
Independent Examiner's Report
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts				7-11
Schedules to the Accounts:
Detailed Income Statement - General			Fund	12
Detailed Expense	Statement -	General	Fund	13
Designated Funds - Movement		in Year		14
Restricted Funds	- Movement	in Year		15

YEAR ENDED 31DECEMBER 2	020
					2019
		2020			TotslFunds
	Total	Unrestricted	Funds	Restricted	(as restated)
	Funds f.	General f	Designated f	Fundsf	(Note 10) f
INCOME
Voluntary Income
Committed Offerings	55,975.65	55,975.65			60,977.28
Loose Collections	622.18	622.18			4,030.34
Junior Church Offerings	50.56	50.56			122.75
GIR Aid Tax Reclaim	15,588.14	15,588.14			15,836.67
Fund Raising	3,047.20		1,935.51	1,111.69	17,868.28
Other donations/loans	4,992.31	4,942.31	50.00		7,902.07
Sundries	1,983.02	1,983.02
Investment Income
Interest (all accounts)	4,202.79	4,202.79			4,764.94
Trading Income
Counter Receipts	1,907.97	1,907.97			7,892.90
Other Income
Use of Premises	23,316.00	23,316.00			43,947.75
Total incoming resources	111,685.82	108,588.62	1,985.51	1,111.69	163,342.98
EXPENDITURE
Costs ofRaising Funds
Supplies and Direct Costs	3,255.66	1,170.23	2,085.43		14,065.51
Charitable Activities
M & M Contribution	64,560.00	64,560.00			64,272.00
Ministry	6,568.13	6,568.13			1,700.67
Premises Costs	42,355.49	42„355.49			42,049.30
Charitable Donations	1,308.00			1,308.00	9,766.03
Other Outgoings	23,245.94	23,245.94			19,076.50
Independent Examiner's fee	1,020.00	1,020.00			1,020.00
Total resources used	142,313.22	138,919.79	2,085.43	1,308.00	151,950.01
Net gains (losses) on
investments	7,176.54	7,176.54			42,548.39
Net Income I(expenditure)	(23,450.86)	(23,154.63)	(99.92)	(196.31)	53,941.36
Transfers between funds
Net Movement in Funds	(23,450.86)	(23,154.63)	(99.92)	(196.31)	53,941.36
Reconciliation offunds
Balances at beginning ofyear	417,230.64	410,810.88	6,019.72	400.04	363,289.28
Balances at end ofyear	393,779.78	387,656.25	5,919.80	203.73	417,230.64

TANGIBLE FDIEDASSETS
	Solar	Church	ONce
	panels	Improvements	Equipment f	Totalf
Cost orvaluation
At 1 January 2020	12,723.91	14,510.66	3,491.13	30,725.70
Additions during the year
Revaluation Surplus
At 31 December 2020	12723.91	14,51D66	3491.13	311,725.79
Depreciation
At 1 January 2020	10,282.91	13,801.22	3,491.13	27,575.26
Charged during the year	L272.00	709.44		1,981A4
At 31 December 2020	11.554.91	14.51D.DD	3,491.13	29,556.7D
Net book value
At 31December 2020	1,169.00			1.16II.DD
At 31 December 2019	2,441.00	709.44		3.15D.44

3	INVESTMENTS
				2020f	2019 f
	GeneralFund
	CAF Responsible	Global Equity Fund
	CAF UK Equity Growth		Fund	254,834.52
	CAF UK Income	Fund
	COIF - Investment	Fund	Income Shares (cost-Esz,sco)
	CAF Responsible	Global Equity Fund
	CAF UK Equity Growth CAF UK Income Fund		Fund		247,657.98
	COIF - Investment	Fund	Income Shares (cost-ssz,Mc)
	Total investments	-at	market value	254,834.52	247,657.98
4	DEBTORS			2020	2019
					f
	Income receivable Prepayments			1.49 148.00	1,743.50 559.00
				149.49	2,302.50

		2020f	2019 6
Accruals
Heat &Light		400.00	832.00
Independent	ExamineVs Fees	1,020.00	1,020.00
		1,420.00	1,852.00

MOVEMEN	T IN FUND	S
				At 1Jsnusry
				2020
				(ssrestated-			Other	At 31December
				note 10)	Income	Expenditure	Movements	2020
Unrestricted	- General	Fund		410,810.88	108,588.62	(138,919.79)	7,176.54	387,656.25
	Designated		Funds:
	Christmas		Lunch	762.53	10.00	(296.70)		475.83
	Youth Fellowship ITravel			879.34		(241.78)		637.56
	Holiday Club			341.54				341.54
	Concerts			3,724.61	1,835.00	(1,232.48)		4,327.13
	Garden/	Romania
	Youth Drop		In
	Paradise	Run		111.29	90.51	(314.47)		(112.67)
	Flower Fund			200.41	50.00			250.41
				6.010.72	I.eee.51	~2,000.43		5,919.80
Restricted -	K.I.N.			400.04 400.04	1,111.60 1.111.69	~7,300.00) ~1,300.00)		203.73 203.73
				417,230 04	111,005.82	~)142,013.22	7,176.04	393,779.78
Summary of	the above
Unrestricted	General			410,810.88	108,588.62	(138,919.79)	7,176.54	387,656.25
	Designated			6,019.72	1,985.51	(2,085.43)		5,919.80
Restricted				400.04	1,111.69	(1,308.00)		203.73
				417,230.07	111,605.02	~142,01322	I170.04	393,779.78

				Tenslble Fixed		Net Current	At 31 December
				Assrlts	Investments	Assets	2020
Unrestricted	-General	Fund		1,169.00	254,834.52	131,652.73	387,656.25
	Designated		Funds:
	Christmas	Lunch				475.83	475.83
	Youth Fellowship					637.56	637.56
	Holiday Club					341.54	341.54
	Concerts					4,327.13	4,327.13
	Paradise	Run				(112.67)	(112.67)
	Flower Fund					250.41	25041
						5,919.80	5,919.80
Restricted -	K.I.N.					203.73	203.73
						203.73	203.73
				1,169.00	254,834.52	137,776.26	393,779.78
Summary of	the above
Unrestricted	General			1,169.00	254,834.52	131,652.73	387,656.25
	Designated					5,919.80	5,919.80
Restricted						203.73	203.73
				1,169.00	254,834.52	137,776.26	393,779.78

DECEMBER2019(as restated)
	Total	Unrestricted	Funds	Restricted
	Funds	General f	Oasignatad f	Funds f
INCOME
Charitable Activities
Committed Offerings	60,977.28	60,977.28
Loose Collections	4,030.34	4,030.34
Junior Church Offerings	122.75	122.75
Covenant Tax Reclaim	15,836.67	15,836.67
Fund Raising	17,868.28		7,817.82	10,05046
Other donations/loans	7,902.07	6,576.07	1,326.00
Sundries
Investment Income
Interest (all accounts)	4,764.94	4,764.94
Trading Income
Counter Receipts	7,892.90	7,892.90
Other Income
Use ofPremises	43,947.75	43,947.75
Total incoming resources	163,342.98	144,148.70	9,143.82	10,050.46
EXPENDITURE
Costs ofRaising Funds
Supplies and Direct Costs	14,065.51	6,058.33	8,007.18
Charitable Activities
M & M Contribution	64,272.00	64,272.00
Ministry	1,700.67	1,700.67
Premises Costs	42,049.30	42,049.30
Charitable Donations	9,766.03			9,766.03
Other Outgoings	19,076.50	19,076.50
Independent Examiner's fee	1,020.00	1,020.00
Total resources used	151,950.01	134,176.80	8,007.18	9,766.03
Net gains (losses) on
investments	42,548.39	42,548.39
Net Income I(expenditure)	53,941.36	52,520.29	1,136.64	284.43
Transfers between funds		180.69	180.69
Net Movement in Funds	53,941.36	52,700.98	955.95	284.43
Reconciliation offunds
Balances at beginning ofyear	363,289.28	358,109.90	5,063.77	115.61
Balances at end ofyear	417,230.64	410,810.88	6,019.72	400.04

				Actual	Actual	Budget
				2619	2020	2020
				E		E
INCOMING RESOURCES
Committed Offerings				60,977.28	55,975.65	61,500
Loose Collections				4,030.34	622.18	3,500
Junior Church offerings				122.75	50.56	200
Giff Aid				15,836.67	15,588.14	16,000
				80,967.04	72,236.53	81,200
Use ofPremises:
Manse				6,743.00	12,000.00	11,000
Outside Lettings				37,204.75	11,316.00	34,000
				43,947.75	23,316.00	45,000
Interest on Accounts:
Bank Interest (including			Deposit a/c)	788.39	386.73	750
Investments				3,976.55	3,816.06	3,500
				4,764.94	4,202.79	4,250
Other Income:
Bequests				3,200.00	1,545.00	2,000
Donations				2,094.70	527.00	500
Weddings &Funerals						2,000
Solar panels				1,281.37	2,870.31	2,000
Private Photocopying		/ Sundry Items			1,983.02	500
				6,576.07	6,925.33	7,000
Whittaker Lounge: Counter		Receipts		7,892.90	1,907.97	8,500
Total Incoming Resources				144,148.70	108,588.S2	145,950
Deduct: Resources Used		(page 13)		(134,176.80)	(138,919.79)	(221,938)
Net Incoming Resources				9,971.90	(30,331.17)	(75,988)
Transfer (to)/from Designated			Fund	180.69
Revaluation surplus /	(deffcit)			42,548.39	7,176.54
Balance at beginning	ofyear			358,109.90	410,810.88	410,811
Balance at end ofyear				410,810.88	387,856.25	334,823

		Actual	Actual	Budget
		2019	2020	2020
		2	E	E
Ministry:
M& MFund		64,272.00	64,560.00	64,560
Ministers expenses (net)		264.54	6,218.02	8,319
Pulpit Supply		1,436.13	350.11	750
		65,972.67	71,128.13	73,629
Premises Costs - Church &Canolfan:
Cleaning &Caretaking		11,994.47	7,003.84	13,000
Repairs &Maintenance		11,820.40	11,884.48	35,000
Heat &Light, Water, Telephone		9,669.21	9,074.36	11,000
Insurance (Church &Canolfan	Beulah)	3,481.48	3,694.23	3,600
Furniture &Equipment		1,816.00	8,528.35	10,000
		38,781.56	40,185.26	72,600
Premises Costs - Manse:
Repairs &Maintenance		2,368.71	1,201.86	23,000
Insurance / Council Tax / Water		899.03	968.37	500
		3,267.74	2,170.23	23,500
Whittaker Lounge:
Donations Supplies		6,058.33	1,170.23	1,000 4,600
Furniture &Equipment				10,000
Repairs &Maintenance				5,000
		6,058.33	1,170.23	20,600
OtherExpenses:
Junior Church		911.88	471.76	1,000
Organ, Piano, Music etc.		921.71	897.59	1,100
Worship Material				300
Publicity		1,531.10	497.40	3,000
Training		200.00		500
Church Oflice &Secretary's Expenses		3,738.36	3,869.13	3,600
Part-time Administrator		1,438.52	9,154.56	9,756
Bank &Accountancy Charges		1,157.17	1,080.00	1,150
Children's &Youth Work Young Person's Travel Fund		81.83 650.00		3,000 1,000
Art projects		2,586.39	2,998AO	3,000
Payment to URC (Wales) Trust		1,268.00	705.00	500
Sundry Expenses		3,613.54	2,610.66	705
Depreciation		1,998.00	1,981A4	1,000
		20,096.50	24,265.94	31,609
TOTAL RESOURCES USED (topage 12)		134,176.80	138,919.79	221,938

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K.I.N.
		2020f	2019 f
INCOMING RESOURCES
Fund Raising		1,111.69	10,050.46
Blessing the Crib
		1,111.69	10,050.46
RESOURCES USED
Charities		1,308.00	9,766.03
TOTAL		1,308.00	9,766.03
Resources before Transfers Transfer ofFunds		(196.31)	284.43
Net Resources (after	transfers)	(196.31)	284.43
Revaluation surpluses	(deficits)
Balance at beginning	ofyear	400.04	115.61
Balance at end ofyear		203.73	400.04