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|||||Page||
|---|---|---|---|---|---|
|Charity information||||||
|Trustees' Annual Report||||||
|Statement ofdirectors'|responsibilities||||9|
|Independent
Auditors'|Report||||11|
|Foods Statemean:-||||||
|Statement ofFinancial|Activities|||||
|Statement ofFinancial|Activities||—Prior Year statement||16|
|Statement oftotal recognised||gains and losses|||17|
|Movements
in funds|||||18|
|Revenue Funds|||||18|
|Income and Expenditure|account||||19|
|Summary offunds|||||18|
|Balance sheet|||||20|
|Cash flow statement|||||22|
|Notes tothe accounts|||||24|
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|fully detailed in the|accounts, can be summarised
as foll|ows:-||
|---|---|---|---|
|||2021|2020|
|Net income||201,740|(78,140)|
|Umesiricted
Revenue
purposes ofthe charity|Funds available for the general|893,531|787,136|
|Restricted Revenue Funds||668,289|572,944|
|Total Funds||1,561,820|1,360,080|
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|||||Current year|Current year|Current year|Prier Year|
|---|---|---|---|---|---|---|---|
||||R„|tie~mum
Funds|Restricted
Fuads|Total Feuds|Total Fuads|
|||||2021|2e21|2021|2020|
||||||t|f||
|Income &Endowmeats||from:||||||
|Donations|ts Legacies||A1|72,000||72,000||
|Charitable|activities||A2|41,924||41,924|35,750|
|Investments|||A4|13,676|11,424|25,100|24,784|
|Other|||A5|52,206||52,206|17,934|
|Total income||||1'79,806|11,424|191,230|78,468|
|Expenditure
on:||||||||
|Charitable|activities||B2|112,101|3,108|115809|134,886|
|Other|||B3||9,243|9,243||
|Total expenditure|||B|112,101|12,351|124,452|134,886|
|Net gains on investments|||B4|38,690|96,272|134062|(21,722)|
|Net income|for the year|||106395|95,345|201,740|(78,140)|
|Net income|after transfers||A-B-C|106,395|95,345|201,740|(78,140)|
|Net movement
iu fends||||106495|95,345|201,740|(78,140)|
|Reconciliation offunds:-||||||||
|Totalfunds|broughtforward|||787,136|572,944|I/60,080|1,438,220|
|Total funds|carried forward|||893,531|668/89|1,561,820|1,360,080|
##
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|||||SORP|Prior Year|Prier Year|Prier Year|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds||
||||||2020|2020|2020|
||||||f|||
|Income ds|Endowments||from:|||||
|Donations|n Legames|||Al||||
|Investments||||A4|16,283|8,501|24,784|
|Other||||A5|17,934||17,934|
|Total income|||||||42,718|
|Expenditure
ont||||||||
|Charitable|activities|||B2|125,123|3,260|134,886|
|Total expenditure||||B|125,123||134,886|
|Net gains on investments||||B4|(15,221)|(6,501)|(21,722)|
|Net income for the||year|||(106,127)|(1,260)|(113,890)|
|Transfers|between|funds||||||
|Net income|after traasfcrs||||(106,127)|(1,260)|(135,612)|
|Net movement
ln feeds|||||(106,127)|(1,260)|(135,612)|
|Reconciliation
offuads:-||||||||
|Total funds|brought|forward|||860,774|577,446|1,438,220|
|Total funds|carried|forward|||754,647|576,186|1,302,6il8|
##
|||2021|2020|
|---|---|---|---|
|Surplus for the year:-||||
|Net excess ofincome over expenditure
Rom operations
before tax||76,02i|(56,418)|
|Realised gains
on dispose(a ofsocial investments
which are programme|related|||
|Realised net gains/(tosses)
Spare heading for realised gains and losses||(9,243)||
|incomePom
operations
before tax in the Stetetaeat ofEinanciel Acaritas||66,778|(56,418)|
|Add/(deduct)
non income and espendiyare
iiemst-||||
|Unrealised
gains on investments||134,962|(21,722)|
|Net Movement
in funds before taxation||201,740|(78,140)|
|Funds generated ia the year as shown oa Statemeat ofFinancial Activities||201,740|(78,140)|
|The notes attached
on pages 24to 41form an integral part of|these accounts.|||
|2021towards Sxcd asse|ts for|Charity|use:-|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8||
|Funds generated in the year ss|detailed|in the SOFA||201,740|(78,140)|
|Resowccs applied on functional|fixed|assets||119,621||
|Other applications offunds||||9,243||
|Net resources available to|fund charitable||activities|330,604|(78,140)|
||||Unrestricted|Restricted|Total|Last year|
|---|---|---|---|---|---|---|
||||Fuads|Funds|Funds|Total Funds|
||||2021|2021|2021|2020|
|Accmnulated|funds brougbt forward||787,136|572,944|1,360,080|1,438,220|
|Recognised
transfers|gains and|losses before|106,395|95,345|201,740|(78,140)|
||||893,531|668,289|1,561,820|1,360,080|
|Closing revenue funds|||893,531|668,289|1,561,820|1/60,080|
|Summary|of funds||Unrestricted|Restricted|Total|Last Year|
||||snd|Fuads|Funds|Total Funds|
||||Designated
funds||||
||||2021|2021|2021|2020|
||||f|f|||
|Revenue accumulated||funds|893,531|668,289|1,561,820|1,360,080|
##
|||||2021|2020|
|---|---|---|---|---|---|
|Income||||||
|Income Bum operations||||113,924|35,750|
|Investment
income||||||
|Income from investments,
other than interest|receivable|||25,100|24,784|
|Other operating
income||||52,206|17,934|
|Gross income in the year before exceptional|items|||191,230|78,468|
|Gross income in the year including
exceptional items|||||78,468|
|Expenditure||||||
|Charitable
expenditure,
excluding
depreciation|and|smortisation||110,949|130,788|
|Governance
costs||||4,260|4,098|
|Realised losses
on disposals ofsocial investments||which are programme|related|||
|Realised lasses on the disposal ofL&B||||9,243||
|Total expenditure
in the year||||124,452|134,886|
|Net income before tax in the financial year||||66,778|(56,418)|
|Tsx on surplus
on ordinary activities||||||
|Net income after tax in the financial year||||66,778|(56,418)|
|Retained surplus for the fiaancial year||||66,778|(56,418)|
|All activities derive kom continuing
operations||||||
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||||SORP|||||
|---|---|---|---|---|---|---|---|
|||Note|Ref||2021||2020|
||||||||8|
|Fixed assets|||A|||||
|Tangible assets||7|A2||180,000||299,621|
|Investments
held as|fixed assets|8|A4||943,738||622,276|
|Total axed assets|||||1,123,738||921,897|
|Current
assets||||||||
|Debtors||9|B2|57,924||56,598||
|Cash at bank snd in|hand||B4|387,285||465,035||
|Total current assets||||445,209||521,633||
|Creditors;
amounts
year|falling due within one|10|CI|(7,127)||~(o.4lo||
|Net current assets|||||438,082||438,183|
|The total net assets|ofthe charity||||1,561,820||1460,080|
|The total net assets|ofthe charity are funded|by the|funds ofthe charity, as||follows:-|||
|Restricted funds||||||||
|Restricted Revenue Funds||13|D2|668,289||572,944||
||||||668,289||572,944|
|Unrestricted
Funds||||||||
|Unrestricted
Revenue|Funds|13|D3|893,531||787,136||
||||||893,531||787,136|
|Designated
Funds||||||||
|Total charity funds|||||1,5611820||1,360,080|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Net cash provided by operating
activities
as shown||below|A|(26,728)|(19136)|
|Casts flows from investing
activities||||||
|Other investment
income, including|rents &om investments|||25,100|24,784|
|Proceeds fiom sales ofinvestments||||||
|Purchase ofinvestments||||(186,500)||
|Net cash provided
by investing|activities||B|(161,400)|24,784|
|Cash flows froor financing
activities||||||
|Net cash provided
by financing|activities|||||
|Overall cash provided
by all activities||A+B+C||(188,128)|5,648|
|Cash movements||||||
|Change in cash and cash equivalents|horn activities|in the year||||
|ended 31December 2021||||||
|||||(77,750)|5,648|
|Cash and cash equivalents
at
1 January 2021||||465,035|459,387|
|Change in cash and cash equivalents|due to exchange rate movements|||||
|Cash at bank and in hand less|overdrafts at 31December|||387,285|465,035|
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##
|Net income(expenditure)
as shown in the Statement ofFinancial Activities|Net income(expenditure)
as shown in the Statement ofFinancial Activities|201,740|(78,140)|
|---|---|---|---|
|Adjosooeatrfor:-||||
|Write downs ofinvestments||||
|Net uurcsliscd
losses on investment|assets|(134,962)|21,722|
|Dividends,
interest sud rents fium investments||(25,100)|(24,784)|
|Loss on the sale ofFix4xl aud Intangible
Assets||9,243||
|Decrease in debtors||(1,326)|4,431|
|Increase in creditors, excluding
loans||(76,323)|57,635|
|Net cash provided
by operating|activities||~(' '4|
|Analysis ofcash and cash equivalents||||
|||2021|2020|
|Cash
in hand at for the year ended 31December 2021||387,285|465,035|
|Notice deposits - (less than 3 months)||||
|Total cash and cash equivalents||387285|455,035|
##
||At start|Cash|Atsad|
|---|---|---|---|
||ofyear|Flows|ofyear|
|Cash|465,035|(77,750)|387,285|
|Total|465,035|~7503||
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||The net surplus before tax in the financial year is stated|The net surplus before tax in the financial year is stated|The net surplus before tax in the financial year is stated|after charging:-||||||
|---|---|---|---|---|---|---|---|---|---|
||Auditors'
remuneration|||||||||
|5|Investment
gains|||||||||
||Unrealised gains/(losses)
sad|writing|down efcarrying|values||||||
||Listed investments
-Unreslised||||38,690|96,272||134,962|(21,722)|
||Total unrealised
gains/(tosses)|etc|||3&,690|||||
||Total realised and unrealised|gains||||||||
||Unreslised gaiasldcssesj
aad|wrhiag|down cftarrying|values||||||
||Listed investments
-Unrealised||||(16,22I)|(6,301)||(21,722)||
||Total unrealised
gains/Oosses)|etc|||el i~i||~|||
||Total realised and unrealised|gains||||||||
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##
||||||Investments|in|Listed|Other Cresses||
|---|---|---|---|---|---|---|---|---|---|
||||||subsidiaries||investments|efInvestment|Total|
||Carrying
values ofinvestments|||||||||
||At I Janus)y|2021||||23|622,253||622/76|
||Additions||||||186,500||186,500|
||Revaieadon|at 31December||2021|||134,962||134,962|
||At 31December 2021|||||23|943715|||
||Analysis
between fair||value|and historical cost||||||
||Investments
as above held at|||fair value||23|943,715||943,738|
|9|Debtors|||||||||
|||||||||2021|2020|
|||||||||8|8|
||Other debtors|||||||57,924|56,598|
|10|Creditors:|amounts|falling due within one year|||||2021|2020|
||||||||||8|
||Accroals|||||||510|492|
||Other creditors|||||||6,617|82,958|
|||||||||7,127|83,450|
|11|Income and|Expenditure||account summary||||2021|2020|
|||||||||8|8|
||At 1January|2021||||||1,381,802|1,438,220|
||Surplus after|tsx for the|year|||||66,778|(56,418)|
||At31December 2021|||||||1,448)580|1,381,802|
##
##
##
|At 31December|2021|2021||Unrestricted|Desigeatcd|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||||funds|fueds|funds|Fends|
||||||5|||
|Tangible Fixed Assets||||(i)9,621)||299,621|180,000|
|Fired asset investments||||757,519||186,219|943,738|
|Current Assets||||357,613||87,596|445,209|
|Current Liabilities||||(6,635)||(492)|(7,127)|
|||||988,876||572,944|1,561,820|
|At 1January 2021||||Umcsuictcd|Designated|Restricted|Total|
|||||fuses|funds|funds|Funds|
|Tangible Fixed Assets||||||299,621|299,621|
|Fixed asset investments||||429,556||192,720|622/76|
|Current Assets||||436,047||85,586|521,633|
|Current Liabilities||||(82,968)||(480)|(83,450)|
|||||782,635||577,447|1860,080|
|Change in total|funds over the||year as shown|in Note 12,analysed
by individual
funds||||
|||||Fueds brought|Mevemeet
in|Transfers|Funds carried|
|||||forward from|funds in 2021|between funds|forward te|
|||||2020||in 2021|2022|
||||||See Note 14|||
|Unrestricted
uud designated fuudsc-||||||||
|Unrestricted
Revenue||Funds||787,136|106,395||893,531|
|Total unrestricted|and dedgnated||funds|787,136|106,395||893,531|
|Restricted funds:-||||||||
|Retirement
Homes Fund||||572,944|95,345||668,289|
|Total restricted
funds||||572Jt44|95@45||668,289|
|Total charity funds||||1360,080|201,740||1461,820|
##
|||||Other||
|---|---|---|---|---|---|
|||Income|Expenditure|Gains dr|Movement|
|||||Losses|in funds|
|||2021|2021|2021|2021|
|Unrestricted|ead designeard funds:-|||||
|Unrestricted|Revenue Funds|179,806|(112,101)|38,690|106495|
|Restricted fuudsr-||||||
|Retirement|Homes Fund|11,424|(12,351)|96,272|95,345|
|||191/30|(124,452)|134,962|201,740|
##
##
||Carrent year|Current year|Current year|Prior Year|
|---|---|---|---|---|
||Unrestricted|Restricted|Todd Funds|Total Funds|
||Funds|Fuada|||
||2021|2021|2021|2020|
|Reveaue grants and denatioas from aou|||||
|public bodies|||||
|Marcia Abetystwyth|72,000||72,000||
|Total private sector reveaue grants|72,000||72,000||
|Currentyear||Current year|Current year|Curreal year|Prior Year|
|---|---|---|---|---|---|
|||Uarestrialad|Restricted|Total Funds|Total funds|
|||Panda|Fuads|||
|||2021|2021|2021|2020|
|Primary purpose and ancillary|trading|||||
|Commission
Received - charitable|acuvities|||||
|||41,924||41,924|35,750|
|Total Primary purpose and ancillary trading||41,924||41,924|35,750|
##
##
|||||Currenc year|Curreat year|Curreat year|Prior Year|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restrrcted|TotaiFunds||
|Currraryear||||Punds|Feeds||Total Funds|
|||||2021|2021|2021|1020|
|Total income fmm charitable||trading||41,924||41,924|35,750|
|Total from charitable|activities||A2|41,924||41,924|35,750|
|Property Rental|Income||
|---|---|---|
|Other Investment|income||
|Total investment|income|A4|
|Current year|Current year|Curreat year|Prior Year|
|---|---|---|---|
|Unrestricted|Restricted|Total Fuads|Total Funds|
|Funds|Funds|||
|2021|1021|2021|1020|
||3,800|3,800|3,672|
|13,676|7,624|21,300|21,112|
|13,676|11,424|25,100|24,784|
##
|21|Other income and gains|||||
|---|---|---|---|---|---|
|||Current year|Current year|Current year|Prior Year|
|||Unreetrlcted|Restricted|Total Funds|Total Funds|
||Current year|Fuads|Funda|||
|||2021|2021|2021|2020|
||Sundry other income|248||248|800|
||Proceeds &cm closed chapels|51,958||51,958|17,134|
||Total other income|52,206||52,206|17,934|
||||Current year|Current year|Curreat year|Prior Year|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Fuada|Total Funds|
|Current
Year|||Funds|Paade|||
||||2021|2021|2021|2020|
|Travel and Subsistence - Charitable|||||||
|Activities||||||202|
|Other donations|and subscriptions||65,423||65,423|69488|
|Total direct spending||B2a|65,423||65,423|69,590|
##
|23 Support costs for charitable|23 Support costs for charitable|aciivities|aciivities|||||
|---|---|---|---|---|---|---|---|
|||||Current year|Curreut year|Current year|Prior Year|
|Current Year||||Usrestricted
Fuuds|Restricted
Funds|Total Funds|Total Funds|
|||||2021|2021|2021|2020|
|Employee costs notincludedin|||direct costs|||||
|Travel and subsistence
-staff||||1,072||1,072|2$9|
|Co-ordinsior
funding||||36,610||36,610|40,$34|
|Premises Expenses||||||||
|Rates and water charges
Premises repairs, renewals|and||||575|575|2/48|
|maintenance|||||135|135|1,53$|
|Property insurance|||||547|547|789|
|Rental Property expenses|||||||3,160|
|Administrative
overheads||||||||
|Sundry expenses||||40||40|307|
|General administration
costs|||||i,341|1,341|1436|
|Professional feespaid to udvisors|||other than the uuditor or examiner|||||
|Legal fees||||4,440||4,440|9,876|
|Other legal and professional|||||510|510|492|
|Financial costs||||||||
|Bank charges||||256||256|229|
|Support costs before reallocation||||42,418|3,108|45,526|61,198|
|Total support costs -Current Year||||42&418|3&10$|45&526|61&198|
|||||Current year|Current year|Prior Yesr||
|||||Unrestricted|Restricted|||
|||||Fuuds|FU&lds|Total Funds||
|||||2021|2021|2020||
||||||2,34$|2448||
||||||1,538|1,538||
||||||789|7$9||
|General administration
costs|||||1,336|1336||
|Professional fi.'espaid to advisors|||ether|||||
|Other legal and professional|||||492|492||
|Support costs before reallocation
Total support costs - Prior Year||||54,695
54,695|6,503
6503|61,198
61,198||
##
||||Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|---|---|
|Current|Year||Unrestricted
Funds|Restricted
Fuadh|Total Funds|Total Fuads|
||||2021|1021|2021|2020|
|Auditor's|fees||4360||4460|4,098|
|Total Governance||costs|4,260||4,260|4,098|
##
|Current year|Current year|Current year|Prior Year|
|---|---|---|---|
|Unrestricted|Restricted|Total Funds|Total Funds|
|Funds|Funds|||
|2021|2021|2021|2020|
|65,423||65,423|69,590|
|42,418|3,108|45,526|61,198|
|4,260||4460|4,098|
|112,101|3,108|115,209|134,886|
||Current year
Unrestricted
Funds
2021
Current year
Restricted
Funds
2021
Current year
Total Funds
2021
Prior Year
Total Funds
2020
65,423
42,418
4,260
3,108
65,423
45,526
4460
69,590
61,198
4,098
112,101
3,108
115,209
134,886|
|---|---|
|Current Year
Funds
2021
Funds
2021
2021
Total direct spending
Total support costs
Total Governance
costs
B2a
B2d
B2e
65,423
42,418
4,260
3,108
65,423
45,526
4460
Total charitable
expenditure
B2
112,101
3,108
115,209
Prior Year
Prior Year
Uarestrieted
Funds
2020
Prior Year
Restricted
Fends
2020
Prior Year
Total Funds
1020
Total direct spending
Total support costs
Total Governance
costs
B2a
B2d
BZe
69,590
51,435
4,098
3,260
69,590
61,198
4,098
Total charitable
expendtture
B2
125,123
3460
134,886|Funds
2021
Funds
2021
2021
65,423
42,418
4,260
3,108
65,423
45,526
4460
112,101
3,108
115,209|
##
||Current year|||Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|---|---|---|
|||||Uarestricted|Restricted|Total Fuads|Total Funds|
|||||Funds|Funds|||
|||||2021|2021|2021|2020|
||Realised losses on the|disposal ofLAB||||||
||||||9,243|9,243||
||Total losses||B3||9,Z43|9,243||
|27|Total ofother expenditure|||||||
|||||Current year|Current year|Current year|Prior Year|
|||||Uarestricted|Restricted|TotalFunds||
||Current Year|||Funds|Fuads||Total Funds|
|||||2021|2021|2021|2020|
||Total other expenses|aud costs|||9,243|9,243||
||Total other expenditure||B3||9,243|9/43||
##
||||SOFA ref|2021|2020|
|---|---|---|---|---|---|
|Activity||||||
|Income from charitable||activities||||
|Fee re sale|ofChapels|||41,924|35,750|
|Summary|ofToad Income, including||the items above|||
|Charitable|activities||A2|41,924|35,750|
|Donations|&Legacies||A1|72,000||
|Investmect|income||A4|25,100|24,784|
|Other income|||A5|52,206|17,934|
|Total income as showa in the SOFA||||191,230|'70,468|
|Categories|oyincome|||||
|Income from exchange transactions||||191,230|78,468|
##
|Activity|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Direct costs||Support|Grant|||
||||||||costs|funding of|Total|Total|
|||||||||activities|||
||||||2021||2021|2021|2021|2020|
|iteggieos acrivides|||||||||||
|Direct costs|||||65,423||||65,423|69,590|
|Employee costs not||included
in direct costs|||||37,682||37,682|41,123|
|Premises expenses|||||||1,257||1,257|7,835|
|Administrative
overheads|||||||1,381||1381|1,643|
|Professional
fees|||||||4,950||4,950|10,368|
|Financial costs|||||||256||256|229|
|Total Religious activities|||||65,423||45,526||110)949|130,788|
||||||Direct costs||Support|Grant|||
||||||||costs|funding of|Total|Total|
|||||||||activities|||
||||||2021||2021|2021|2021|2020|
|faber cberireale|ecdvidies||||||||||
|Losses on disposals||offixed assets|||9@43||||9,243||
|Summary ofcharitable|||costs by activity||||||||
||||||Direct costs||Support|Grant|||
||||||||costs|fuading of|Total|Total|
|||||||||activities|||
||||||2021||2021|2021|2021|2020|
|Total Religious activities|||||65,423||45,526||110,949|130,788|
|Total Other cheutsble||activities|||9,243||||9,243||
|Total Governance|costs as detailed in Note||||||4,260||4,260|4,098|
|Total charitable
expenditure|||||74,666||49,786||124,452|134,806|
|Analysis ofsupport||and|governance|costs|by charitable|aetivitles|||||
||||||Governance||Finance|Human|Other|Total|
|Activity||||||||Resources|Overheads||
|Religious activities|||||4,260||256|37,682|7,588|49,786|
##