2021-12-31-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 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

		2021
	Total	Unrestricted	Funds	Restricted	2020
	Funds f.	General f	Designated f	Fundsf	TotalFunds f
INCOME
Voluntary Income
Committed Offerings	54,789.55	54,789.55			55,975.65
Loose Collections	251.15	251.15			622.18
Junior Church Offerings					50.56
Gift Aid Tax Reclaim	13,167.05	13,167.05			15,588.14
Fund Raising	5,596.36			5,596.36	3,047.20
Other donations Iloans	7,994.60	7,894.60	100.00		4,992.31
Sundry income	5,614.72	5,614.72			1,983.02
Investment income
Interest(all accounts)	3,884.01	3,884.01			4,202.79
Trading Income
Counter Receipts	267.60	267.60			1,907.97
Other Income
Use of Premises	26,770.00	26,770.00			23,316.00
Grants receivable	5,112.25	5,112.25
Total incoming resources	123,447.29	117,750.93	100.00	5,596.36	111,685.82
EXPENDITURE
Costs ofRaising Funds
Supplies and Direct Costs	5,616.42	5,209.83	406.59		3,255.66
Charitable Activities
M & M Contribution	66,720.00	66,720.00			64,560.00
Ministry	6,563.46	6,563.46			6,568.13
Premises Costs	34,115.23	34,115.23			42,355.49
Charitable Donations	4,344.00			4,344.00	1,308.00
Other Outgoings	17,590.68	17,590.68			23,245.94
Independent Examiner's fee	1,020.00	1,020.00			1,020.00
Total resources used	135,969.79	131,219.20	406.59	4,344.00	142,313.22
Net gains (losses) on
investments	44,636.54	44,636.54			7,176.54
Net income I(expenditure)	32,114.04	31,168.27	(306.59)	1,252.36	(23,450.86)
Transfers between funds
Net movement in funds	32,114.04	31,168.27	(306.59)	1,252.36	(23,450.86)
Reconciliation offunds
Balances at beginning ofyear	393,779.78	387,656.25	5,919.80	203.73	417,230.64
Balances at end ofyear	425,893.82	418,824.52	5,613.21	1,456.09	393,779.78

TANGIBLE FIXEDASSETS
	Solar	Church	Office
	panels	Improvements	Equipment E	Totalf
Cost or valuation
At 1 January 2021	12,723.91	14,510.66	3,491.13	30,725.70
Additions during the year
Revaluation Surplus
At 31 December 2021	12,723.91	14,510.66	3,491.13	30,725.70
Depreciation
At 1 January 2021	11,554.91	14,510.66	3,491.13	29,556.70
Charged during the year	1,169.00			1,169.00
At 31 December 2021	12,723.91	14,510.66	3,491.13	30,725.70
Net book value
At 31 December 2021
At 31 December 2020	1,169.00			1,169.00

INVESTMENTS
				2021	2020
					8
General Fund
BMO Responsible	Global Equity		Fund
BMO UK Equity Growth		Fund		299,471.06
SMO UK Income	Fund
COIF - Ethical Investment		Fund	(cost-st 14888)
BMO Responsible	Global Equity		Fund
BMO UK Equity Growth		Fund			254,834.52
BMO UK Income	Fund
COIF - Investment	Fund	Income	Shares (cost- 832,800)
Total investments	-at market		value	299,471.06	254,834.52
DEBTORS				2021	2020
					6
Income receivable				2,793.49	1.49
Prepayments				148.00	148.00
				2,941.49	149.49

		2021	2020
		8	8
Accruals
Heat &Light		3,141.69	400.00
Independent	Examiner's Fees	1,020.00	1,020.00
		4,161.69	1,420.00

						At 1January			Other	At 31 December
						2021	Income	Expenditure	Nlovamaata	2021
Unrestricted		-	General	Fund		387,656.25	117,750.93	(131,219.20)	44,636.54	418,824.52
			Designated		Funds:
			Christmas		Lunch	475.83		(157.78)		318.05
			Youth Fellowship ITravel			637.56				637.56
			Holiday Club			341.54				341.54
			Concerts			4,327.13				4,327.13
			Paradise	Run		(112.67)		(9.47)		(122.14)
			Flower Fund			250.41	100.00	(239.34)		111.07
						5,919.80	100.00	(406.59)		5,613.21
Restricted	-		K.I.N.			203.73 203.73	5,596.36 5.506.36	(4,344.00) ~4044.00)		1,456.09 1,456.09
						393,779.70	123,447.29	~(130,96029	44,636.04	425.093.02
Summary	of	the above
Unrestricted		General				387,656.25	117,750.93	(131,219.20)	44,636.54	418,824.52
		Designated				5,919.80	100.00	(406.59)		5,613.21
Restricted						203.73	5,596.36	(4,344.00)		1,456.09
						393,779.78	123,447.29	(135,969.79)	44,636.54	425,893.82

					Tangible Fixed		Net Cnrrenl	At 31 December
					Assets	lllvsstrrrents	Assets	2021
Unrestricted		-General	Fund			299,471.06	119,353.46	418,824.52
		Designated		Funds:
		Christmas	Lunch				318.05	318.05
		Youth Fellowship					637.56	637.56
		Holiday Club					341.54	341.54
		Concerts					4,327.13	4,327.13
		Paradise	Run				(122.14)	(122.14)
		Flower Fund					111.07	111.07
							5,613.21	5,613.21
Restricted	-	K.I.N.					1,456.09	1,456.09
							1,456.09	1,456.09
						299,471.06	126,422.76	425,893.82
Summary	of	the above
Unrestricted		General				299,471.06	119,353.46	418,824.52
		Designated					5,613.21	5,613.21
Restricted							1,456.09	1,456.09
						299,471.06	126,422.76	425,893.82

DETAILED BREAKDOWN	OF	COMPARATIVE	INCOME AND	EXPENDITURE - YEAR ENDED 31	EXPENDITURE - YEAR ENDED 31	EXPENDITURE - YEAR ENDED 31
DECEMBER 2020
			Total	Unrestricted	Funds	Restricted
			Funds	General	Designated	Funds
			F	6	6	9
INCOME
Charitable Activities
Committed Offerings			55,975.65	55,975.65
Loose Collections			622.18	622.18
Junior Church Offerings			50.56	50.56
Covenant Tax Reclaim			15,588.14	15,588.14
Fund Raising			3,047.20		1,935.51	1,111.69
Other donations/loans			4,992.31	4,942.31	50.00
Sundries			1,983.02	1,983.02
Investment Income
Interest (all accounts)			4,202.79	4,202.79
Trading Income
Counter Receipts			1,907.97	1,907.97
Other Income
Use ofPremises			23,316.00	23,316.00
Total incoming resources		111,685.82		108,588.62	1,985.51	1,111.69
EXPENDITURE
Costs ofRaising Funds
Supplies and Direct Costs			3,255.66	1,170.23	2,085.43
Charitable Activities
M6 M Contribution			64,560.00	64,560.00
Ministry			6,568.13	6,568.13
Premises Costs			42,355.49	42,355.49
Charitable Donations			1,308.00			1,308.00
Other Outgoings			23,245.94	23,245.94
Independent Examiner's	fee		1,020.00	1,020.00
Total resources used		142,313.22		138,919.79	2,085.43	1,308.00
Net gains (losses) on
investments			7,176.54	7,176.54
Net Income / (expenditure)		(23,450.86)		(23,154.63)	(99.92)	(196.31)
Transfers between funds
Net Movement in Funds		(23,450.86)		(23,154.63)	(99.92)	(196.31)
Reconciliation offunds
Balances at beginning ofyear		417,230.64		410,810.88	6,019.72	400.04
Balances at end ofyear		393,779.78		387,656.25	5,919.80	203.73

				Actual	Actual	Budget
				2020 6	2021f	2021 6
INCOMING RESOURCES
Committed Offerings				55,975.65	54,789.55	60,000
Loose Collections				622.18	251.15	500
Junior Church offerings				50.56		100
Gift Aid				15,588.14	13,167.05	14,500
				72,236.53	68,207.75	75,100
Use ofPremises:
Manse				12,000.00	13,536.00	13,536
Outside Lettings				11,316.00	13,234.00	15,000
				23,316.00	26,770.00	28,536
Interest on Accounts:
Bank Interest (including		Deposit a/c)		386.73	14.42	100
Investments				3,816.06	3,869.59	3,500
				4,202.79	3,884.01	3,600
Other Income:
Grant (URC (Wales) Trust					5,112.25	5,112
Bequests				1,545.00	6,000.00	2,000
Donations				527.00	220.00	500
Weddings &Funerals					300.00	2,000
Solar panels				2,870.31	1,374.60	3,000
Private Photocopying	/ Sundry		Items	1,983.02	1,563.54	500
Ministers expenses reimbursement					4,051.18
				6,925.33	18,621.57	13,112.00
Whittaker Lounge: Counter	Receipts			1,907.97	267.60	2,000
Total Incoming Resources				108,588.62	117,750.93	122,348
Deduct: Resources Used (page 13)				(138,919.79)	(131,219.20)	(185,831)
Net Incoming Resources				(30,331.17)	(13,468.27)	(63,483)
Transfer (to)/from Designated		Fund
Revaluation surplus / (deffcit)				7,176.54	44,636.54
Balance at beginning ofyear				410,810.88	387,656.25	387,656
Baiance at end ofyear				387656.25	418,824.52	324,173

	Actual	Actual	Budget
	2020 f	2021 E	2021 f
Nlinistry:
M & M Fund	64,560.00	66,720.00	66,720
Ministers expenses (net)	6,218.02	6,388.46	9,000
Pulpit Supply	350.11	175.00	250
	71,128.13	73,283.46	75,970
Premises Costs - Church 8 Canolfan:
Cleaning &Caretaking	7,003.84	7,464.89	6,000
Repairs &Maintenance	11,884.48	13,170.75	21,000
Heat & Light, Water, Telephone	9,074.36	5,736.63	7,000
Insurance (Church &Canolfan Beulah)	3,694.23	3,909.00	3,900
Furniture &Equipment	8.528.35	3,211.02	8,000
	40,185.26	33,492.29	45,900
Premises Costs - Manse:
Repairs & Maintenance	1,201.86	205.00	21,000
Insurance / Council Tax / Water	968.37	417.94	350
	2,170.23	622.94	21,350
Whittaker Lounge:
Donations			60
Supplies	1,170.23	839.22	2,500
Furniture &Equipment			5,000
Repairs 8 Maintenance		4,370.61	6,500
	1,170.23	5,209.83	14,060
Other Expenses:
Junior Church	471.76	1,200.62	780
Organ, Piano, Music etc.	897.59	1,093.68	1,200
Worship Material		318.35	250
Publicity	497.40	684.30	1,500
Training			200
Church Office &Secretary's Expenses	3,869.13	2,782.91	3,900
Part-time Administrator	9,154.56	7,869.66	7,870
Bank &Accountancy Charges	1,080.00	1,117.50	1,150
Children's &Youth Work			2,000
Young Person's Travel Fund			750
Art projects	2,998AO	1,740.19	3,000
Garden	95.35	9.99	250
Payment to URC (Wales) Trust	705.00		705
Sundry Expenses	2,515.31	624.48	1,000
Depreciation	1,981.44	1,169.00	1,998
	24,265.94	18,610.68	28,551
TOTAL RESOURCES USED (topage 12)	138,919.79	131,219.20	185,831

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K.I.N.
		2021f	2020 6
INCOMING RESOURCES
Fund Raising		5,596.36	1,111.69
Blessing the Crib
		5,596.36	1,111.69
RESOURCES USED
Charities		4,344.00	1,308.00
TOTAL		4,344.00	1,308.00
Resources before Transfers		1,252.36	(196.31)
Transfer of Funds
Net Resources (after	transfers)	1,252.36	(196.31)
Revaluation surpluses	(deficits)
Balance at beginning	ofyear	203.73	400.04
Balance at end ofyear		1,456.09	203.73