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|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||
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|||||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|
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||||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|
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|||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|
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|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|
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||||||||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|
##
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||||||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|
##
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|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|