## ## ## |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| |||I|OI
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CCl5||| ## ## ## |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|