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2020-12-31-accounts

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PENUEL BAPTIST CHURCH, CARMARTHEN FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 GENERAL RECEIPTS & PAYMENT ACCOUNT Receipts 1£) 2020 2019 Note General giving Other giving Income tax recovered on gifts Rents Raised for other causes BUW Grant Transfers from No. 2 account Clwb y Winllan balance 45150.56 1800.00 7207.29 13310.00 245.00 iooo.00 4382.46 243.28 43253.61 1320.00 6101.15 11680.00 1080.06 2000.00 484.94 0.00 Banking error Received in error Repayments 145.80 0.00 588.32 756.77 35.00 0.00 Total receipts 74072.71 66711.53 Payments l£} 2020 2019 Note Costs of minister Costs of other ministry Other operational costs Upkeep of chapel and houses Amount passed to other causes Gifts Transfers to No. 2 account Cheques cashed from 2018 COVID 31628.02 261.46 2673.46 18832.93 4635.00 0.00 592.51 0.00 4022.23 30158.45 2427.50 2335.17 10176.77 4778.06 390.00 150.00 210.00 0.00 io li 12 13 14 Is 16 Banking error Received in error 145.80 0.00 756.77 35.00 Total payments 62791.41 51417.72 Net receipts / (payments) for 2020 £11,281.30 Cash balance at 31 December 2019 Cash balance at 31 December 2020 £44,768.44 £56,049.74

NUMBER 2 ACCOUNT Receipts 1£) 2020 2019 Note Restricted giving Transfers from church accounts Use of chapel and vestry Sunday school loose cash Secure Trust Bank amount 0.00 243.28 0.00 0.00 4515.97 2595.00 650.00 200.00 16.35 0.00 15 17 Transferred in error 349.23 0.00 Total receipts 5108.48 3461.35 Payments l£} 2020 2019 Note Sunday school expenses Other expenses Maintenance work New computer Towards COVID costs 0.00 0.00 2385.00 1299.00 349.23 778.67 210.00 0.00 0.00 0.00 18 19 19 Transferred in error 349.23 0.00 Total payments 4382.46 988.67 Net receipts / (payments) for 2020 £726.02 Cash balance at 31 December 2019 of which. church of which, Sundayschool of which. buildingfund Cash balance at 31 December 2020 of which, Sundayschool £4,444.41 £1.648.23 £411.18 £2.385.00 £5,170.43 £5,170.43

RESERVE ACCOUNT Receipts 1£) 2020 2019 Note Interest 30.56 30.50 Total receipts 30.56 30.50 Net receipts / (payments) for 2020 £30.56 Cash balance at 31 December 2019 Cash balance at 31 December 2020 £15,280.76 £15,311.32 DAVID HINDS AND CATHERINE JONES TRUST FUND Receipts 1£) 2020 2019 Note Interest 16.75 15.08 Total receipts 16.75 15.08 Net receipts / (payments) for 2020 £16.75 Cash balance at 31 December 2019 Cash balance at 31 December 2020 £2,094.02 £2,110.77

SUNDAY SCHOOL SECURE TRUST BANK ACCOUNT Receipts 1£) 2020 2019 Note Interest 26.58 59.16 Total receipts 26.58 59.16 Payments 1£) 2020 2019 Note Transfer to No. 2 account 4515.97 500.00 17 Total payments 4515.97 51x1.00 Net receipts / Ipayments) for 2020 -£4,489.39 Cash balance at 31 December 2019 Cash balance at account closure £4,489.39 £0.00

STATEMENT OF CASH ASSETS AND LIABILITIES AT 31 DECEMBER 2020 Cash assets (£1 2020 2019 Note General current account 56049.74 Number 2 acc. Inow Sunday sch.) 5170.43 Reserve account 15311.32 Trust fund 2110.77 Sunday school account Iclosedl 0.00 44768.44 4444.41 15280.76 2094.02 4489.39 Total assets £78,642.26 £71,077.02 20 Net increase on 2019- £7,565.24 Liabilities (£) 2020 2019 Note Raised for other causes Bible Society Christians Against Poverty Cylchgrawn Efengylaidd (Rhag 20191 0.00 0.00 0.00 365.00 63.00 17.40 Total liabilities 0.00 £445.40

NOTES TO THE ACCOUNTS l. Basls of accounts These accounts have been prepared on a 'receipts and payments, basis in accordance with Section 133 Charities Act 2011. 2. General giving Despite the pandemic, general giving increased in 2020. Growth was seen in giving by bank transfer from £14,477.00 in 2019 to £33,233.70 in 2020. 3. Other giving Restricted giving towards missionaries supported by Penuel [£1,800). 4. Income tax recovered on gifts Received from HMRC via GiftAid Scheme. 5. Rents (£) Rent for 18 Priory Street Rent for 19 Priory Street Rent for the chapel Total rent in 2020 6435.00 6825.00 50.00 13310.IX) 6. Raised for other causes {£) Baptist Mission Society 245.00 7. Transfers from No.2 account {£) Towards maintenance work For new computer Towards COVID costs 2385.00 1299.00 349.23 (see note 181 (see note 191 (see note 191 Transferred in error 349.23 Total transfers 4382.46 8. Clwb y Winllan balance Transfer of the balance of a bank account. which was held for the benefit of the children of Penuel Church but outside of the church's control, which was closed in 2020.. £243.28

  1. Repayments IÉ) Repayment of salary overpayment Repayment of utilities overpayment Total repayments 571.11 17.21 588.32
  2. Costs of minister 1£ January-march (pre Stewardship) (pensions Dec-marl (tax Dec-marl Salary and housing allowance (Net) 5506.51 Arrears loo.00 PAYE 914.60 National insurance 754.06 Employee pension contributions 193.21 Employer pension contributions Round Sum travel allowance Additional travel expenses Camp expenses Conference expenses 241.50 601.50 83.70 30.00 25.00 Paid in error 571.11 (see note 91 Aprll-December {Stewardshlp) {penslons Apr-Nov) (Tax Apr-Decl Taxable pay Taxable Christmas bonus Taxable COVID bonus Employee pension contributions 20316.87 250.00 500.00 372.56 Employer pension contributions Direct travel expenses til Nov. 465.76 701.64 Total costs of minister 31628.02

  3. Costs of other minlstry {£) Guest preachers Costs of Gobaith i Gymru service 160.00 101.46 Total costs of other ministry 261.46

  4. Other operational costs (£) New computer Worship Extreme software Other equipment Printing paper 1299.00 127.21 184.15 19.99 (£1299 towards from No.21 Stewardship fees CCLI Copyright Mrs C Griffiths payroll invoice 440.65 190.28 101.40 Christmas books Sunday school cards Sunday school books 120.57 45.00 22.82 Quiz prize Quiz hamper Hampertothank No. 19 40.00 32.50 32.49 Cylchgrawn Efengylaidd (Dec 191 17.40 Total other operational costs 2673.46

  5. Upkeep of chapel and houses 1£) Cleaner Pest control Cleaning supplies 3120.00 696.00 23.17 Iwan Taylor Scaffolding Avery Electrics Towy Works Grass cutting Richard Davies Robin Bussell 6185.00 2090.00 486.60 276.97 145.00 105.00 90.00 Insurance of chapel Insurance of houses Lighting Safety certificate5 Cornerstones invoices Invoice for cleaning 18 Priory St Fire extinguishers Rawl plugs and post box 1791.59 366.59 262.71 224.80 126.00 120.00 56.34 25.47 Utility Warehouse Welsh Water BT 1890.54 234.96 24.19 Legal fees 492.00 Total upkeep costs 18832.93 (£2385 towards from No.21

  6. Amount passed to other causes (£) Operation Mobilisation Bible Society Christians Against Poverty 3000.00 365.00 63.00 (see note 3: £1800 towards) Baptist Union of Wales Baptist Mission Society Carms & Cardigan Baptist Festival 858.00 245.00 104.00 (see note 6: £245 towards) Total passed to other causes 4635.00

  7. Transfers from church accounts {£) Transferred in error Clwb y Winllan balance Total transfers 349.23 243.28 592.51 (see note 81

  8. COVID (£) As a result of the church's efforts to continue its provision during the pandemic, particular costs were incurred as follows: Mac Mini Camera Sound equipment Monitor/screens CDS, Copier, Capcard, Envelopes Mouse and keyboard Wire5 Channel box Fogger Zoom Backup drive Bracket CCLI Streaming Licence Smaller item5 Total COVID costs 1099.00 648.99 583.08 329.96 277.83 198.00 157.88 135.98 108.99 86.34 80.66 49.99 28.80 236.73 4022.23 (£349.23 towards from No.21
  9. Sunday School Secure Trust Bank amount £4,515.97 was transfered to the No.2 account after the Secure Trust Bank stopped offering that kind of account.
  10. Building fund monev £18,832.93 was spent on the upkeep of the chapel and houses in 2020 (see note 131. The total of the building fund1£2,3851 was transferred to contribute towards these Costs.

  11. Money reserved for the church's use in No.2 account Before the pandemic, it was decided to buy a new computer to replace the old laptop. The cost of this was £1,299. The remainder of the money in No.2 account earmarked for church use1£349.231 was transferred to contribute towards the additional costs of provision during the pandemic. io

  12. Total assets In addition to the total cash assets held, the church has the following assets.. the church's premises (chapel, vestry, and burial ground l at Priory Street, Carmarthen contents Ifixtures, furniture, and equipment) 18 Priory Street. Carmarthen 19 Priory Street, Carmarthen li

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adroddiadhwn_er_mwynsicrhau dealltwriaeth briodolo'rcyfrifon.
Llofnodwyd: •01/ewch y geiriau mewn cromfachau osnadydynlyngymwys.
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Dyddiad:I_r=,( 10/ _2o_2-_
Enw: I
t2. _HvtC- ~'-v--'r.140_r'1l~-
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Cymhwyster /
(cymwysterau)neugorff
proffesiynolperthnasol
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