| Principal Address | Principal Address | Beulah United Reformed | Church | |
|---|---|---|---|---|
| Beulah Road | ||||
| Rhiwbina | ||||
| Cardiff CF146LT | ||||
| Trustees | Mr Huw Morgan (Chair) |
|||
| Mrs Ruth H Williams |
||||
| Mrs Barbara Rhys (Church Treasurer) | ||||
| Mrs Fiona Reynolds | ||||
| 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 | ||||
| CF159SS | ||||
| 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 | |||
| Restricted Funds |
- Movement | in Year | 15 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Total | Unrestricted | Funds | Restricted | 2021 | ||
| Fundsf | General F |
Designated f |
Fundsf | Total Funds f |
||
| INCOME | ||||||
| Voluntary Income |
||||||
| Committed Offerings |
53,263.92 | 53,263.92 | 54,789.55 | |||
| Loose Collections | 1,601.85 | 1,601.85 | 251.15 | |||
| Junior Church Offerings |
30.00 | 30.00 | ||||
| Gift Aid Tax Reclaim | 13,313.11 | 13,313.11 | 13,167.05 | |||
| Fund Raising | 14,595.32 | 2,453.85 | 12,141.47 | 5,596.36 | ||
| Other donations I loans |
25,798.39 | 3,420.07 | 1,100.08 | 21,278.24 | 7,994.60 | |
| Sundry income | 39,978.78 | 39,978.78 | 5,614.72 | |||
| Investment Income |
||||||
| Interest (all accounts) |
5,284.32 | 5,284.32 | 3,884.01 | |||
| Trading Income | ||||||
| Counter Receipts | 2,271.30 | 2,271.30 | 267.60 | |||
| Other Income | ||||||
| Use of Premises | 38,824.00 | 38,824.00 | 26,770.00 | |||
| Grants receivable | 5,112.25 | |||||
| Total incoming resources | 194,960.99 | 157,987.35 | 3,553.93 | 33,419.71 | 123,447.29 | |
| EXPENDITURE | ||||||
| Costs of Raising Funds | ||||||
| Supplies and Direct Costs |
6,108.50 | 2,739.72 | 3,368.78 | 5,616.42 | ||
| Charitable Activities |
||||||
| M & M Contribution | 66,720.00 | 66,720.00 | 66,720.00 | |||
| Ministry | 14,218.97 | 14,218.97 | 6,563.46 | |||
| Premises Costs | 36,170.55 | 36,170.55 | 34,115.23 | |||
| Charitable Donations |
14,163.14 | 14,163.14 | 4,344.00 | |||
| Other Outgoings | 12,260.30 | 12,260.30 | 17,590.68 | |||
| Independent Examiner's |
fee | 1,020.00 | 1,020.00 | 1,020.00 | ||
| Total resources used | 150,661.46 | 133,129.54 | 3,368.78 | 14,163.14 | 135,969.79 | |
| Net gains (losses) on investments |
~38,769.70 | 38.769.70 | 44,636.54 | |||
| Net income I(expenditure) | 5,529.83 | (13,911.89) | 185.15 | 19,256.57 | 32,114.04 | |
| Transfers between funds |
400.00 | 100.00 | 500.00 | |||
| Net movement in funds |
5,529.83 | (13,511.89) | 285.15 | 18,756.57 | 32,114.04 | |
| Reconciliation offunds |
||||||
| Balances at beginning ofyear |
425,893.82 | 418,824.52 | 5,613.21 | 1,456.09 | 393,779.78 | |
| Balances at end ofyear | 431,423.65 | 405,312.63 | 5,898.36 | 20,212.66 | 425,893.82 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible Assets: | ||||
| Church improvements, |
solar panels | |||
| and office equipment | ||||
| Investments | 260,701.36 | 299,471.06 | ||
| 260,701.36 | 299,471.06 | |||
| NET CURRENT ASSETS | ||||
| Debtors | 4 | 5,173.23 | 2,941.49 | |
| COIF Deposit Account | 141,639.30 | 111,639.30 | ||
| Cash in bank |
29,310.63 | 16,003.66 | ||
| 176,123.16 | 130,584.45 | |||
| LESS: CURRENT LIABILITIES | 5 | 5,400.87 | 4,161.69 | |
| NET CURRENT ASSETS | 170,722.29 | 126,422.76 | ||
| TOTAL NET ASSETS | 431,423.65 | 425,893.82 | ||
| Representing | ||||
| FUNDS | ||||
| General fund |
405,312.63 | 418,824.52 | ||
| Designated funds |
5,898.36 | 5,613.21 | ||
| Restricted funds | 20,212.66 | 1,456.09 | ||
| TOTAL FUNDS | 431,423.65 | 425,893.82 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Solar | Church | Offic | ||
| panels | Improvements | Equipment f |
Totalf | |
| Cost or valuation | ||||
| At 1 January 2022 | 12,723.91 | 14,510.66 | 3,491.13 | 30,725.70 |
| Additions during the year |
||||
| Revaluation Surplus |
||||
| At 31 December 2022 | 12,723.91 | 14,510.66 | 3,491.13 | 30,725.70 |
| Depreciation | ||||
| At 1 January 2022 | 12,723.91 | 14,510.66 | 3,491.13 | 30,725.70 |
| Charged during the year |
||||
| At 31 December 2022 | 12,723.91 | 14,510.66 | 3,491.13 | 30,725.70 |
| Net book value | ||||
| At 31 December 2022 | ||||
| At 31 December 2021 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| F | f | ||||||
| General Fund |
|||||||
| Columbia Threadneedle |
|||||||
| - Responsible | Global Equity Fund | ||||||
| - Responsible | UK | Equity | Fund | 260,701.36 | 299,471.06 | ||
| - Responsible | UK | Income | Fund | ||||
| COIF - Ethical | Investment | Fund | (cost - f1loess) | ||||
| Total investments | -at market value | 260,701.36 | 299,471.06 | ||||
| DEBTORS | 2022f | 2021 | |||||
| Income receivable | 5,025.23 | 2,793.49 | |||||
| Prepayments | 146.00 | 148.00 | |||||
| 5,173.23 | 2,941.49 |
| At 1January | Other | At 31 December | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | income | Expenditure | Movemente | 2022 | |||||||
| Unrestricted | - | General | Fund | 418,824.52 | 157,987.35 | (133,129.54) | (38,369.70) | 405,312.63 | |||
| Designated | Funds: | ||||||||||
| Christmas | Lunch | 318.05 | (80.60) | 237.45 | |||||||
| Youth Fellowship | ITravel | 637.56 | 1,000.00 | (448.44) | 1,189.12 | ||||||
| Holiday | Club | 341.54 | 341.54 | ||||||||
| Concerts | 4,327.13 | 2,453.85 | (2,777.08) | 4,003.90 | |||||||
| Paradise | Run | (122.14) | (122.14) | ||||||||
| Flower Fund | 111.07 | (62.66) | 100.00 | 148.41 | |||||||
| Beulah tots | 100.08 | 100.08 | |||||||||
| 1321 | 3,053.93 | ~3368. ) |
1 .0 |
589836 | |||||||
| Restricted | - | K.I.N. | 1, 5609 145609 |
3341971 3341971 |
~()4,)63.) ~)4)8314) |
~50000 (50000) |
2021266 2D21266 |
||||
| 425893.82 | 194,960.99 | ~)0068).46) | (3876970) | 431,.423.65 | |||||||
| Summary | of | the | above | ||||||||
| Unrestricted | General | 418,824.52 | 157,987.35 | (133,129.54) | (38,369.70) | 405,312,63 | |||||
| Designated | 5,613.21 | 3,553.93 | (3,368.78) | 100.00 | 5,898.36 | ||||||
| Restncted | 1,456.09 | 33,419.71 | (14,163.14) | (500.00) | 20,212.66 | ||||||
| 425.893.82 | 194,96t).95 | ~()50,66(.46 | ~3876970 | 43.1.42.3.05 |
| rengtbte | Fixed | Net Current | At St Ceeember | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets | Investments | Assets | 2sgs | ||||||
| Unrestricted | -General | Fund | 260,701.36 | 144,611.27 | 405,312.63 | ||||
| Designated | Funds: | ||||||||
| Christmas | Lunch | 237.45 | 237.45 | ||||||
| Youth Fellowship | 1,189.12 | 1,189.12 | |||||||
| Holiday Club | 341.54 | 341,54 | |||||||
| Concerts | 4,003.90 | 4,003.90 | |||||||
| Paradise | Run | (122.14) | (122.14) | ||||||
| Flower Fund | 148.41 | 148.41 | |||||||
| Beulah Tots | 100.08 | 100.08 | |||||||
| 5,898.36 | 5,898.36 | ||||||||
| Restricted | ~ | K.I.N. | 20,212.66 | 20,212.66 | |||||
| 20,212.66 | 20,212.66 | ||||||||
| 260,701.36 | 170,722.29 | 431,423.65 | |||||||
| Summary | of | the above | |||||||
| Unrestricted | General | 260,701.36 | 144,611.27 | 405,312.63 | |||||
| Designated | 5,898.36 | 5,898.36 | |||||||
| Restricted | 20,212.66 | 20,212.66 | |||||||
| 260,701.36 | 170,722.29 | 431 423.65 |
| DECEMBER 2021 | |||||
|---|---|---|---|---|---|
| Total | Unrestricted | Funds | Restricted | ||
| Fundsf | General f |
Designated f |
Funds | ||
| INCOME | |||||
| Charitable Activities |
|||||
| Committed Offerings |
54,789.55 | 54,789.55 | |||
| Loose Collections | 251.15 | 251.15 | |||
| Junior Church Offerings |
|||||
| Covenant Tax Reclaim | 13,167.05 | 13,167.05 | |||
| Fund Raising | 5,596.36 | 5,596.36 | |||
| Other donations/loans | 7,994.60 | 7,894.60 | 100.00 | ||
| Sundries | 5,614.72 | 5,614.72 | |||
| Investment Income |
|||||
| Interest (all accounts) |
3,884.01 | 3,884.01 | |||
| Trading Income |
|||||
| Counter Receipts | 267.60 | 267.60 | |||
| Other Income | |||||
| Use of Premises | 26,770.00 | 26,770.00 | |||
| Grants receivable | 5,112.25 | 5,112.25 | |||
| Total incoming resources | 123,447.29 | 117,750.93 | 100.00 | 5,596.36 | |
| EXPENDITURE | |||||
| Costs of Raising Funds | |||||
| Supplies and Direct Costs | 5,616.42 | 5,209.83 | 406.59 | ||
| Charitable Activities |
|||||
| M & M Contribution | 66,720.00 | 66,720.00 | |||
| Ministry | 6,563.46 | 6,563.46 | |||
| Premises Costs | 34,115.23 | 34,115.23 | |||
| Charitable Donations |
4,344.00 | 4,344.00 | |||
| Other Outgoings | 17,590.68 | 17,590.68 | |||
| Independent Examiner's |
fee | 1,020.00 | 1,020.00 | ||
| Total resources used | 135,969.79 | 131,219.20 | 406.59 | 4,344.00 | |
| Net gains (losses) on | |||||
| investments | 44 636.54 | 44 636.54 | |||
| Net Income I(expenditure) | 32,114.04 | 31,168.27 | (306.59) | 1,252.36 | |
| Transfers between funds |
|||||
| Net Movement in Funds |
32,114.04 | 31,168.27 | (306.59) | 1,252.36 | |
| Reconciliation offunds |
|||||
| Balances at beginning ofyear |
393,779.78 | 387,656.25 | 5,919.80 | 203.73 | |
| Balances at end ofyear | 425,893.82 | 418,824.52 | 5,613.21 | 1,456.09 |
| Actual | Actual | Budget | |||||
|---|---|---|---|---|---|---|---|
| 2021f | 2022f | 2022f | |||||
| INCOMING RESOURCES |
|||||||
| Committed Offerings |
54,789.55 | 53,263.92 | 55,000 | ||||
| Loose Collections | 251.15 | 1,601.85 | 450 | ||||
| Junior Church offerings |
30.00 | 100 | |||||
| Gift Aid | 13,167.05 | 13,313.11 | 13,500 | ||||
| 68,207.75 | 68,208.88 | 69,050 | |||||
| Use ofPremises: | |||||||
| Manse | 13,536.00 | 13,536.00 | 9,000 | ||||
| Outside Lettings |
13,234.00 | 25,288.00 | 25,000 | ||||
| 26,770.00 | 38,824.00 | 34,000 | |||||
| Interest on Accounts: | |||||||
| Bank Interest (including | Deposit a/c) | 14.42 | 1,166.86 | 12 | |||
| Investments | 3,869.59 | 4,117.46 | 3,400 | ||||
| 3,884.01 | 5,284.32 | 3,412 | |||||
| Other Income: | |||||||
| Insurance claim |
33,302.68 | ||||||
| Grant (URC (Wales) | Trust | 5,112.25 | |||||
| Bequests | 6,000.00 | 2,000 | |||||
| Donations | 220.00 | 1,437.00 | 250 | ||||
| Weddings & Funerals |
300.00 | 2,000 | |||||
| Solar panels | 1,374.60 | 1,983.07 | 2,500 | ||||
| Private Photocopying | / Sundry | Items | 1,563.54 | 1,427.00 | 500 | ||
| Ministers expenses | reimbursement | 4,051.18 | 5,249.10 | 4,240 | |||
| 18,621.57 | 43,398.85 | 11,490.00 | |||||
| Whittaker Lounge: Counter |
Receipts | 267.60 | 2,271.30 | 2,000 | |||
| Total Incoming Resources | 117,750.93 | 157,987.35 | 119,952 | ||||
| Deduct: Resources Used | (page 13) | (131,219.20) | (133,129.54) | (189,153) | |||
| Net Incoming Resources | (13,468.27) | 24,857.81 | (69,201) | ||||
| Transfer (to)/from Designated |
Fund | 400.00 | |||||
| Revaluation surplus / (deficit) |
44,636.54 | (38,769.70) | |||||
| Balance at beginning ofyear |
387,656.25 | 418,824.52 | 418,825 | ||||
| Balance at end ofyear | 418,824.52 | 405,312.63 | 349,824 |
| Actual | Actual | Budget | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2022f | 2022f | |||||
| Ministry: | |||||||
| M & M Fund | 66,720.00 | 66,720.00 | 67,000 | ||||
| Ministers expenses (net) |
6,388.46 | 14,003.97 | 8,000 | ||||
| Pulpit Supply | 175.00 | 215.00 | 550 | ||||
| 73,283.46 | 80,938.97 | 75,550 | |||||
| Premises Costs - Church | &Canolfan: | ||||||
| Cleaning &Caretaking |
7,464.89 | 10,862.99 | 10,000 | ||||
| Repairs &Maintenance |
13,170.75 | 9,929.20 | 35,000 | ||||
| Heat & Light, Water, | Telephone | 5,736.63 | 9,269.47 | 7,500 | |||
| Insurance (Church & |
Canolfan | Beulah) | 3,909.00 | 4,129.81 | 4,100 | ||
| Furniture &Equipment |
3,211.02 | 1,425.16 | 1,000 | ||||
| 33,492.29 | 35,6'I 6.63 | 57,600 | |||||
| Premises Costs - Manse: | |||||||
| Repairs & Maintenance | 205.00 | 120.00 | 22,500 | ||||
| Insurance / Council Tax / Water |
417.94 | 433.92 | 450 | ||||
| 622.94 | 553.92 | 22,950 | |||||
| Whittaker Lounge: |
|||||||
| Donations | 50 | ||||||
| Supplies | 839.22 | 2,522.68 | 2,500 | ||||
| Furniture & Equipment |
217.04 | 200 | |||||
| Repairs 8 Maintenance | 4,370.61 | 4,200 | |||||
| 5,209.83 | 2,739.72 | 6,950 | |||||
| Other Expenses: | |||||||
| Junior Church | 1,200.62 | 671.20 | 750 | ||||
| Organ, Piano, Music etc. | 1,093.68 | 1,333.28 | 1,200 | ||||
| Worship Material |
318.35 | 419.27 | 200 | ||||
| Publicity | 684.30 | 2,000 | |||||
| Training | 200 | ||||||
| Church Office & Secretary's | Expenses | 2,782.91 | 3,545.70 | 3,500 | |||
| Part-time Administrator |
7,869.66 | 548.07 | |||||
| Bank &Accountancy | Charges | 1,117.50 | 1,281.40 | 1,200 | |||
| Children's 8 Youth Work |
450.04 | 10,000 | |||||
| Young Person's Travel |
Fund | 500.00 | 750 | ||||
| Art projects | 1,740.19 | 3,077.06 | 3,000 | ||||
| Garden | 9.99 | 20.00 | 100 | ||||
| Payment to URC (Wales) Trust | 200.00 | 705 | |||||
| Sundry Expenses | 624.48 | 1,234.28 | 500 | ||||
| Depreciation | 1,169.00 | ||||||
| 18,610.68 | 13,280.30 | 26,103 | |||||
| TOTAL RESOURCES USED (to | page 12) | 131,219.20 | 133,129.54 | 189,153 |
| K.I.N. | |||
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | 6 | ||
| INCOMING RESOURCES | |||
| Bequest | 21,278.24 | ||
| Fund Raising | 12,141.47 | 5,596.36 | |
| Blessing the Crib | |||
| 33,419.71 | 5,596.36 | ||
| RESOURCES USED | |||
| Charities | 14,163.14 | 4,344.00 | |
| TOTAL | 14,163.14 | 4,344.00 | |
| Resources before Transfers Transfer of Funds |
19,256.57 ~500.00 |
1,252.36 | |
| Net Resources (after | transfers) | 18,756.57 | 1,252.36 |
| Revaluation surpluses |
(deficits) | ||
| Balance at beginning | ofyear | 1,456.09 | 203.73 |
| Balance at end ofyear | 20,212.66 | 1,456.09 |