| Contents | Pages |
|---|---|
| Trustees' report | 1-12 |
| Independent auditors'report |
18 15 |
| Statement offinancial activities | 1I8-17 |
| Balance sheet | 18 |
| Cash flow statement | |
| Notes tothe financial statements | 20-42 |
| d | ergies in post within the Dio |
ces | e: | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| ( | Ministry Share Collection | 87.2% | 89.7% | |||||
| Net income for the year on unrestricted investments and after transfers between |
funds funds |
before losses/gains | on | 8,189 | (57,986) | |||
| Value ofgeneral unrestricted | reserves | 4„391,026 | 4,905,223 | |||||
| Clergy positions: Stipendiary Non-stipendiary |
60 17 |
50 17 |
||||||
| House for duty | 1 | 1 |
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| alance sheet as at 3 | 1D | ecember 2022 | |||
|---|---|---|---|---|---|
| 2021 | |||||
| Note | 2022f | Restatedf | |||
| Fixed Assets | |||||
| Investments | 9 | 4,932,415 | 5,634,059 | ||
| Long Term Loans | 10 | 335,000 | 335,000 | ||
| 5,267,415 | 5969059 | ||||
| Current Assets | |||||
| Debtors: due within one year | 11 | 553,439 | 364,634 | ||
| Cash at bank and in hand |
12 | 1,081~153 | 1 247414 | ||
| Total current assets | 1,634,592 | 1,612,048 | |||
| Liabilities | |||||
| Creditors falling due within | one year | 13 | {471,278) | {509,799) | |
| Net current assets | 1,163,314 | 1,102,249 | |||
| Total assets less current | liabilities | 6,430,729 | 7,071,308 | ||
| Creditors falling due after | more than one year | 14 | {33&i20~00 | I335,000) | |
| Net assets | 609572II | 67363II8 | |||
| The funds ofthe charity | |||||
| Unrestricted Funds |
15 | 4,381,026 | 4,905,223 | ||
| Designated Funds Total unrestricted funds |
15 | 319,998 4,711,024 |
318,892 5,224,115 |
||
| Restricted funds | |||||
| Ministry Area Transformation | Fund | 15 | 64,392 | ||
| Restricted Income Funds {Parsonage Maintenance Fund and Church Maintenance Funds) |
15 | 19&,578 | 124,943 | ||
| Legacy and Benefactions Account and Trust Funds {Restricted Capital Endowment Funds) |
15 | 1,186,127 | 1,322,858 | ||
| Total restricted funds | 1,384,705 | 1,512,193 | |||
| Total Charity funds | 8,605,72II | 6.736 308 |
| Cash flow statement for the year | en | d | ed 31 Dec | ember 2 | 022 | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 2 | ||||||
| Net cash flows from operating activities |
(329,063) | (333,382) | ||||
| Net cash flows generated from Investing |
activities | |||||
| Dividend and interest from investments |
139,750 | 124,100 | ||||
| Purchase of investments | (735,717) | (1,189,307) | ||||
| Proceeds from sale of investments | 781,122 | 1,244,037 | ||||
| investment Management Fees Net increase/(decrease) in cash balances |
held by Investment | (19,475) | (19,600) | |||
| Managers | 17,122 | (30,712! | ||||
| Net cash provided by / (used in) investing |
activities | 162,802 | 148,518 | |||
| Cash flow from financing activities |
||||||
| Repayments ofloans receivable |
||||||
| Repayments ofloans repayable |
||||||
| Net cash provided by/ (used in) generated |
by financing | activities | ||||
| Change in cash and cash equivalents |
in the year | (186,261) | (184,864) | |||
| Cash and cash equivalents atthe beginning |
ofthe reporting | |||||
| period | 1,24'7,414 | 1,432,278 | ||||
| Cash and cash equivalents at the end |
ofthe reporting | period | 1,081,153 | 1,247,414 | ||
| Reconciliation of net income to net cash |
flow generated | from | ||||
| operating activities |
||||||
| Net (expenditure)/income for the reporting statement offinancial activities) |
period (as per | (640,579) | 758,942 | |||
| (Increase)/Decrease in debtors |
(188805) | (234,229) | ||||
| Increase/(Decrease) in creditors |
(38,521) | (102,934) | ||||
| Losses/(Gains) on investments |
659,11/ | (650,661) | ||||
| Dividends and Interest from investments |
(139,750) | (124,100) | ||||
| Investment management fees |
19,475 | 19,800 | ||||
| Net cash flows generated from operating |
activities | ~329,063) | (333,3~82 |
| 5 | Income | ||||
|---|---|---|---|---|---|
| Total | |||||
| Total Funds | Funds | ||||
| 2022 | 2021 | ||||
| 5.1 | Donations and legacies |
6 | E | ||
| Ministry Share assessed by the DBF |
2,321,205 | 1,680,664 | |||
| Contributions from the Representative |
Body: | ||||
| Block Grant | 387,475 | 615,270 | |||
| COVID-19 Financial Support |
778,665 | ||||
| Partnership Funding |
264,000 | ||||
| Church Improvement Grant |
36,250 | 37,500 | |||
| Church Improvement Grant —Historic Sales Fund |
39,000 | ||||
| Diocesan Advisory Committee |
8,333 | 8,333 | |||
| Widows, Orphans and Dependents |
Grant | 4,300 | |||
| Parsonage Improvement Interest (restricted fund see note 16) |
388 | ||||
| Grants and Donations received: |
|||||
| Eastmoor Trust | 100,122 | 62,958 | |||
| Gower Deanery Ministry Share Assistance |
Contribution | 33,171 | |||
| Benefact Trust | 19,925 | 19,925 | |||
| Isla Johnson Trust | 3,000 | 3,000 | |||
| Diocesan Trust | 34,869 | 33,929 | |||
| Parsonage Repair Grants (restricted |
fund | see note 16) | 6,964 | 16,685 | |
| Widows, Orphans 5 Dependents | 237 | ||||
| Other Grants and Donations | 71 | ||||
| 3,214,314 | 3300925 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | |||||||
| 2022 | 2021 | |||||||
| 5.2 | Charitable Activides |
6 | 6 | |||||
| Resource Centres —Administrative | Services | |||||||
| Eastmoor Resource Centre, Swansea | ||||||||
| Diocesan Centre, Brecon | 3,638 | 1,502 | ||||||
| Parsonage Rental Income |
(reseicted | fund —see note 16) | 72,638 | 61,960 | ||||
| Contnbudon from Parishes |
31533 | 4,948 | ||||||
| Confribudons from Diocesan |
organfsafions | 2,640 | 2,890 | |||||
| Idanfage Ucence Fees | 720 | 4,440 | ||||||
| Other Income | 457 | |||||||
| 83,626 | 75,740 | |||||||
| Incoming resources from Charitable 561,960). |
Activities includes | Restricted Parsonage | Rental Income of672,638(2021 | |||||
| Total | Total | |||||||
| Funds | Funds | |||||||
| 2022 | 2021 | |||||||
| 5 | ||||||||
| 5.3 | Investments: | |||||||
| Fixed Asset Investments | and | Banks | ||||||
| Income from fixed asset investments | —listed | 103,395 | 91,797 | |||||
| Income from Representative | Body Common | |||||||
| Investment Fund Units |
1,237 | 1,180 | ||||||
| Bank and money market interest | 1,899 | 67 | ||||||
| Other interest | 878 | 385 | ||||||
| Income from Investment of |
Bequests | |||||||
| (619(2021:619)restricted | fund | —see | note 16) | 32,341 | 30,671 | |||
| 130,200 | 124100 |
| or th | e year ended 31 | D | ece | b | er | 2022 (co | ntinued) | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||
| Funds | Funds | |||||||||
| 2022 | 2021 | |||||||||
| 5A | Other Income | 8 | ||||||||
| Insurance Claims |
—restricted | 172,340 | 184,492 | |||||||
| Job Retention | Scheme | Grant | —restricted | 6,066 | ||||||
| 172,340 | 190,558 | |||||||||
| 6 | Expenditure | |||||||||
| Total | Total | |||||||||
| Funds | Funds | |||||||||
| 2021 | ||||||||||
| 2022 | restated | |||||||||
| 6.1 | Support for Ministry | F | ||||||||
| Stipends 8Fees | ||||||||||
| Stipends and | allowances | 1,406,737 | 1,609,778 | |||||||
| Vacancy fees | 6,299 | 1,381 | ||||||||
| Council Tax | 126,479 | 129,366 | ||||||||
| Personages | ||||||||||
| Maintenance of Parsonages (restdcted note 16) Insurance ofParsonage Houses |
fund see | 571,625 15,610 |
635,014 13,831 |
|||||||
| Custodians' expenses |
16,070 | 9,378 | ||||||||
| Property Rental |
9,944 | |||||||||
| Clergy Expenses | ||||||||||
| Archdeacons' | expenses | 9,250 | 5,181 | |||||||
| Area Deans' expenses | 962 | 157 | ||||||||
| Removal and |
disturbance | allowances | 27,553 | 19,291 | ||||||
| Travel and other | expenses | 2,297 | 3,966 | |||||||
| Training | ||||||||||
| Ordinands | 8,357 | 8,052 | ||||||||
| Continuing Ministerial |
Education | (13,142) | 3,855 | |||||||
| Readers | 267 | 380 | ||||||||
| Support Costs | ||||||||||
| Provision against |
uncollected | Ministry Share | 292,227 | 99,672 | ||||||
| Write offofuncollectable | Ministry | Share | 38,686 | 50,681 | ||||||
| General Fund (see note 6.6) | 125,462 | 124,613 | ||||||||
| Restricted Parsonage | Fund | 54,603 | 56,446 | |||||||
| 2,69~9286 | 2,771,041 |
| or th | e year ended 31December | 2022 (continued) | ||
|---|---|---|---|---|
| Total | Total | |||
| Funds | Funds | |||
| 2021 | ||||
| 6.2 | Support for Parishes | 2022f | restated | |
| Sector Ministnes | ||||
| Rural Life Ministry | 10,642 | 16,187 | ||
| Social Responsibility | 21,851 | 21,215 | ||
| World Mission | 1,534 | 134 | ||
| Spirituality | 870 | 78 | ||
| Interfaith | 1,408 | |||
| Older People | 1,884 | 996 | ||
| EcoChurch | 62 | 116 | ||
| Intercession | 101 | 72 | ||
| Evangelism and Outreach |
29,600 | 20,454 | ||
| Statutory Education | 43,790 | 42,286 | ||
| Children, Youth and Family |
132,987 | 144,054 | ||
| Diocesan Expenses | ||||
| Ministry Area Development | Support | 47,033 | 48,355 | |
| Diocesan Archivist | 200 | 200 | ||
| Eastmoor Centre | 10,089 | 12,900 | ||
| Diocesan Centre | 34,076 | 29,591 | ||
| Support Costs (see note 6.6) | 132,343 | 126,135 | ||
| 468,470 | 462,773 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2021 | |||||
| 2022 | restated | ||||
| 6.3 | Church Property | 6 | 6 | ||
| Inspections ofChurches | and Halls | 4,152 | 9,548 | ||
| Diocesan Advisory | Committee expenses | 13,809 | 1B,057 | ||
| Churches and Pastoral |
Committee expenses | 1,693 | 1,606 | ||
| Support Costs (see note 6.6) | ~42 128 | 42,730 | |||
| 61 782 | B9,951 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2021 | ||||||
| 6.4 | Other Financial Support | 2022 S |
restatedf | |||
| Diocesan Bodies | ||||||
| Bishop's Fund | 12,000 | |||||
| Brecon Cathedral Grant |
41,190 | 41,190 | ||||
| Diocesan Mission Fund | 52,222 | 15,789 | ||||
| Church Repair Grants | 12,626 | 14,290 | ||||
| Representative Body |
- Emergency | Repairs Fund | 16,667 | 16,667 | ||
| Parish Assistance Fund |
52,065 | 20,125 | ||||
| Social Responsibility | Grants | 36,418 | 35,357 | |||
| Widows Orphans 8 Dependants |
Grants | 16,581 | 11,664 | |||
| Curate Support Grant | to Parishes | 10,500 | 7,500 | |||
| Retired Clergy | 99 | 208 | ||||
| Anglican, Ecumenical, and other bodies |
||||||
| World Mission Grants | 18,500 | 21,500 | ||||
| Cost of Living Grants | 15,525 | |||||
| Llangasty Retreat House Grant |
5,000 | 5,000 | ||||
| Other Grants | 1,500 | 1,000 | ||||
| Support Costs (see note | 6.6) | 9,458 288~351 |
9,698 211888 |
| ateria | l grants in the co |
nte | xt oftotal expen | ditur | e are:- | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 6 | |||||||
| Faith in Families | (Social Responsibility | Grants) | 58,269 | 56,572 | |||
| Brecon Cathedral | 41,190 | 41,190 | |||||
| Representative | Body - Emergency | Repairs Fund | 16,667 | 16,667 | |||
| Bishop ofSwansea | &Brecon Fund | 12,000 | |||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2021 | |||||||
| 2022 | restated | ||||||
| 6.5 | Communications | 8 | 5 | ||||
| Communications | and Media | 1311 | 1,550 | ||||
| Newsletters and |
Diocesan Publications | 3,831 | 874 | ||||
| Support Costs | (see note 6.6) | 48,986 | 45265 | ||||
| 54,128 | 472689 |
| or th | e year ended | 3 | 1Decem | be | r 2022 (continued) | ||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2021 | |||||||
| 2022 | restated | ||||||
| 6.6 | Support Costs | ~ | Management | and Administration | |||
| Salaries including | pensions | and | pension scheme | ||||
| contributions (see |
note 7.1) | 282,607 | 279,898 | ||||
| Staff and Office | expenses | 75,770 | 68,542 | ||||
| 358,377 | |||||||
| Total support costs are charged | to the Statement ofFinancial | Activities as follows: | |||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2021 | |||||||
| 2022 | restated | ||||||
| 6 | |||||||
| Support for Ministry | 125,462 | 124,613 | |||||
| Support for Parishes | 132,343 | 126,135 | |||||
| Church Property |
42,128 | 42,730 | |||||
| Other Financial | Support | 9,486 | 9,698 | ||||
| Communication | 48888 358333, |
453264 348,440 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2021 | |||||
| 2022 | restated | ||||
| Company | expenses | 13 | 13 | ||
| Audit fees | 12,059 | 10,092 | |||
| Diocesan | Conference | and Standing | Committee | 1,678 | 141 |
| Bishop's Enthronement | 3,032 | ||||
| Governing | Body Meeting expenses | 25,931 | 5,946 | ||
| 423713 | 16,192 |
| nalysis ofstaff co | sts and tru | stees' |
remuneration and expe |
nses | |
|---|---|---|---|---|---|
| Total | Total | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| 6 | |||||
| Salaries including | pensions | and pension scheme | |||
| contributions | |||||
| Salaries | 462,012 | 465,462 | |||
| Social security costs | 33,272 | 36,196 | |||
| Pensions | 5,425 | 5,029 | |||
| Pension scheme defined contributions | (see below) | 65,969 | 63,366 | ||
| 566~878 | 572,053 |
| laries and r | elated costs are charged to the Statem | ent of Financial Activities as follows: |
|
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| 2022 | 2021 | ||
| 8 | r | ||
| Support costs (see note 6.6) | 282,607 | 279,696 | |
| Support for | Parishes: | ||
| Diocesan | Officers | 194,440 | 207,160 |
| Resource | Centre Staff | 25,844 | 21,913 |
| Diocesan | Archivist | 200 | 200 |
| Church Property: | |||
| DAC Secretary | 13,809 | 15,230 | |
| Parsonage | Board | ~49778 | 47,652 |
| 566,878 | 572,053 |
| Net income/(ex | penditure) | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | |||||
| Net (expenditure)/income | is stated after charging: | ||||
| Gains on disposal ofinvestments | 27,166 | 180,016 | |||
| (Losses)/gains | on revaluation | of investments | (686,283) | 470,645 | |
| Audit fee | 12,058 | 10,105 |
| or the year ended Investments |
3 | 1 | De | ce | mbe | r 2022 | (continued) | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Fixed | ||||||||||
| interest | ||||||||||
| debentures | ||||||||||
| 8 corporate | ||||||||||
| Investments | bonds | Unit bust | Other | Total | ||||||
| UK - | listed | investments | investments | investments | ||||||
| Book and market value | ||||||||||
| At 1 January 2022 | 1,422,923 | 586,432 | 2,161,665 | 1,463,039 | 5,634,059 | |||||
| Additions | 289,147 | 246.296 | 180,663 | 22,489 | 718,595 | |||||
| Disposals | (294,679) | (211,978) | (254,465) | (761,122) | ||||||
| Gains on disposai | 2,456 | 24,710 | 27,166 | |||||||
| Losses on revaluation | (~98876 | (301,371) | (144,017) | (686,283) | ||||||
| At 31 December 2022 | 1,277,828 | 546,584 | 1,766,492 | 1,341,511 | 4,932,415 | |||||
| Fixed asset investments are |
held | as follows: | ||||||||
| 2022 | 2021 | |||||||||
| Held in General Unrestricted | Funds | |||||||||
| Investment assets UK - listed |
1,277,828 | 1,422.923 | ||||||||
| Fixed interest debentures and |
corporate | bonds | 546,584 | 586,432 | ||||||
| Unit Trust investments | 1,766,492 | 2,161,665 | ||||||||
| 3,590,904 | 4.171,020 | |||||||||
| Other investments comprise: |
||||||||||
| Held in General Unrestricted |
Funds | |||||||||
| 29,552 (2021:29.652)Representative | Body | |||||||||
| Investment Fund Units |
62,139 | 69,424 | ||||||||
| Brewin Dolphin Cash Deposit |
Account | 157,750 | 140,628 | |||||||
| General Unrestricted Funds |
219,&89 | 210,052 | ||||||||
| Held m Restricted Capital, | Endowment | Funds | ||||||||
| Legacy snd Bene(actions | Account | and Trust Funds | ||||||||
| Held by Swansea and Brecon | Diocesan | Trust | 569,340 | 641,509 | ||||||
| Held by the Representative | Body | 543,050 | 602,246 | |||||||
| Held by the Board ofFinance | 9,232 | 9,232 | ||||||||
| Restricted Capital, Endowment |
Funds | 1,121,622 | 1,252,967 | |||||||
| Total Other Investments | 1,341xst 1 | 1,463.039 | ||||||||
| Totat investments | 4,932.416 | 5,634,059 |
| e year ended 31Decemb | er | 20 | 22 | (continued) | |||
|---|---|---|---|---|---|---|---|
| Concesslonary loans |
|||||||
| 2022 | 2021 | ||||||
| General Unrestricted Funds |
5 | ||||||
| Loans funded by representative | body: | ||||||
| Retired clergy equity linked housing |
loans | 300,000 | 300,000 | ||||
| Retired clergy non equity linked |
housing | loans | 35,000 | 35,000 | |||
| 335,000 | 335,000 | ||||||
| Funds received from the RBCIW are applied to provide loans for retired clergy housing (see Note 15 Interest is receivable by the Company and the Company pays an equivalent amount of interest to the |
|||||||
| RBCIW.There are no specific | terms for | the repayment | ofthe loans. | ||||
| Debtors: due within one year | |||||||
| 2021 | |||||||
| 2022 | restated | ||||||
| 5 | E | ||||||
| General Unrestricted Funds |
|||||||
| Parish share | 1,251,830 | 922,010 | |||||
| Grant Income Receivable | 100,122 | 62,958 | |||||
| Payments in advance |
25,194 | 18,947 | |||||
| Parochial loans | 30,286 | 18,843 | |||||
| Bank interest and investment | income | 27,493 | 26,098 | ||||
| Miscellaneous Provision for doubtful debts |
41,527 ~1r226,45~1 |
29,847 I934,224I |
|||||
| 250,001 | 14~4479 | ||||||
| Restricted Funds: | |||||||
| Parsonage tNaintenance Fund |
|||||||
| Insurance claim income |
255,989 | 184,492 | |||||
| Representative Body —Improvement |
Fund repayment | 47,449 | 35,313 | ||||
| 303,438 | 219,805 | ||||||
| Legacy and Bensfactions Account | and Trust Funds | ||||||
| Restricted fund income receivable |
350 | ||||||
| Debtors due within one year | ~553439 | 364,634 | |||||
| These are analysed as follows: | |||||||
| 2022 | 2021 | ||||||
| 5 | r | ||||||
| Other debtors | 400,631 | 256,281 | |||||
| Prepayments and accrued income |
1~52808 | 108,353 | |||||
| 653,439 | 364,634 |
| 12 | Cash at bank and in | hand | ||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 5 | 5 | |||||||
| CAF Gold Account | 351,361 | 793,500 | ||||||
| Other cash balances | 729,792 | 453514 | ||||||
| 1081153 | I 247 414 | |||||||
| For further analysis see | note | 19. | ||||||
| 13 | Creditors falling due | within | one year | |||||
| 2022 | 2021 | |||||||
| General Unrestricted | Funds | 8 | ||||||
| Creditors Control | 15,337 | 3,561 | ||||||
| Representative Body ofChurch |
in Wales | 306,845 | 285,273 | |||||
| Ministry Share Paid in | Advance | 84,950 | 97,898 | |||||
| Internally invested Restricted |
Funds | 9,232 | 9,232 | |||||
| Sundry creditors | 46,830 | 72,482 | ||||||
| 463,194 | 468,446 | |||||||
| Restricted Funds: | ||||||||
| Parsonage Maintenance |
Fund | (restricted | income fund) | |||||
| Creditors Control | 8,084 | 4,854 | ||||||
| Sundry creditors | 36499 | |||||||
| 8,084 | 41,353 | |||||||
| Creditors falling due | within | one year | ~71,275 | 511374II | ||||
| These are analysed | as follows: | 2022f | 2021 | |||||
| Trade creditors | 330,266 | 293,688 | ||||||
| Other creditors and accruais |
141,012 | 216,111 | ||||||
| 471,278 | 509,799 | |||||||
| Movements in ministry |
share | paid in advance |
in the period are analysed | as follows | ||||
| 2022 | 2021 | |||||||
| 8 | ||||||||
| Ministry Share paid | in advance | at start ofyear | 97,898 | 157,084 | ||||
| Movement in year |
(12,948} | i59,186) | ||||||
| Ministry Share paid | in advance | at end ofthe year | 84,950 | 97,898 |
| or th | e year ended 31D | ecember 2022 (continued) | ecember 2022 (continued) | ||
|---|---|---|---|---|---|
| 14 | Creditors falling due | after more than one year | |||
| 2022 | 2021 | ||||
| 2 | 5 | ||||
| General Unrestricted | Funds | ||||
| Loans from the RBCIW | |||||
| Retired clergy equity | linked housing | loans | 300,000 | 300,000 | |
| Retired clergy non equity linked housing loans | 35,000 | 35,000 | |||
| 335,000 | 335,000 |
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| 18 | Summary ofParsonage | Maintenance | Fund (restricted | income fund) | ||
|---|---|---|---|---|---|---|
| forthe year ended 31 December 2022 | ||||||
| 2022 | 2021 | |||||
| E | ||||||
| Income | ||||||
| Contributions from Diocesan Board ofFinance General |
||||||
| Unrestricted Income Fund |
417,829 | 453,934 | ||||
| Income from rented Properties | 72,63& | 61,960 | ||||
| Interest on Improvement | Fund | 388 | ||||
| Insurance claims |
172,340 | 184,492 | ||||
| Grants and Parochial contributions | 5,964 | 16,684 | ||||
| Other Income | ||||||
| Total Income | 868,771 | 717,458 | ||||
| Expenditure | ||||||
| Maintenance ofPersonages |
547,001 | 611,655 | ||||
| Maintenance contracts |
24,624 | 23,359 | ||||
| 571,625 | 635,014 | |||||
| Administration | 54,603 | 56,446 | ||||
| Total expenditure | 626,228 | 691,460 | ||||
| Net surplus for the year |
42,543 | 25,998 | ||||
| Fund balance brought forward at 1 January | ~28099 | 101 | ||||
| Fund balance carried forward at 31 December | 68,842 | 26,099 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 5 | ||||||||
| Maintenance | costs | 571,625 | 635,014 | |||||
| improvement | costs | (borne | by | the | Representative | Body) | 47,449 | 83,463 |
| 619,074 | 718,477 |
| Financial | Instruments | comprise the following: | comprise the following: | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Financial | assets | ||||
| Investments measured offinancial activity |
at market value though | the statement | 4,932,415 | 5,634,059 |
| 19 Analysis ofnet assets |
between funds | |||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |
| funds | Funds | funds | ||
| 8 | 5 | 8 | ||
| Investments | 3,810,793 | 1,121,822 | 4,932,415 | |
| Long Term Loans | 335,000 | 335,000 | ||
| Debtors due within one year Cash Creditors due within one year Creditors due in more than one year |
250,001 793,426 (463,194) ~335,00~0 |
319,998 | 303,438 (32,271) (8,084) |
553,439 1,081,153 (471,278) $33~5,000 |
| Total | 4,391,028 | 319,998 | 1,384,705 | 6,095,729 |
| revious esr 'Restatedi |
||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | ||
| 6 | 8 | 6 | ||
| Investments | 4,381,072 | 1,252,987 | 5,634,059 | |
| Long Term Loans Debtors due within one year |
335,000 144,479 |
220,155 | 335,000 364,634 |
|
| Cash | 848,118 | 316,892 | 80,404 | 1,247,414 |
| Creditors due within one year Creditors due in more than one |
(468,446) | (41,353) | (509,799) | |
| year | (335,000) | (335,000I | ||
| Total | 4,905,223 | 318,892 | 1,512,193 | 6.736 308 |
| Note | Unrestricted funds |
Unrestricted dsslonaled funds |
Asslnsled mlnlsey ares lmnsfonnsden |
Restricted Income Funds |
Restricted endowment |
mphal funds |
Tctsl Charily fulsls |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| fund | ||||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||
| Income from: | ||||||||||
| Donatlcns end legsdes |
5.1 | 3,199,815 | 101,110 | 3,330,925 | ||||||
| Charitable activities |
5.2 | i3,780 | 61,060 | 75,740 | ||||||
| Investments | 5.3 | 04,132 | 124,100 | |||||||
| Other Income | 5.4 | 190,558 | 190,558 | |||||||
| Total income | S,307,727 | 303,500 | 3,091,323 | |||||||
| Expenditure: | ||||||||||
| Raising funds: | ||||||||||
| Investment management |
coals | 10,000 | 19,600 | |||||||
| 19,600 | 19,000 | |||||||||
| Charitable sctlvitiesr |
||||||||||
| Support for Ministry |
6.1 | 2,063,521 | 707,520 | 2.771,041 | ||||||
| Support for Panshes | 6.2 | 341JI32 | ff5/75 | 6,006 | 402,773 | |||||
| Church properly |
6.3 | 69,901 | 69,951 | |||||||
| Other financial support | 6.4 | I97425 | 14,663 | 211,988 | ||||||
| Communications | 47,588 | 47,689 | ||||||||
| 2,719,718 | 115,475 | 728.249 | 3503442 | |||||||
| Total expenditure | 2,739,310 | 115,475 | 728449 | 3,5S3,042 | ||||||
| Net income | 508Jtgg | (115,475) | (344,653) | I08,281 | ||||||
| Net gains on inveslmenls | 8 | 522,205 | 128,450 | 650,661 | ||||||
| Net (outgoing)il neoming resources before transfers |
8 | 1,090,614 | (115,475) | (344,653) | 128,456 | 758,042 | ||||
| Gross transfers bebvesn | funds | (626,395) | 172,461 | 453,934 | ||||||
| Net movemerrls In funds |
15 | 464,219 | 172,461 | (115,475) | 109,281 | 128.456 | 75S,942 | |||
| Totalfunds broughtfonvard |
at I | 15 | 4,441,004 | 146,431 | 179.567 | 15,662 | 1,191,402 | 5.977,360 | ||
| January | ||||||||||
| Total funds carried fonuard 31 December |
st | 15,19 | 4,905,223 | 316.692 | 64,392 | 1,322,058 | 6,736,308 |