| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
||||
| Independent examiner's report |
to the trustees | |||
| Statement offinancial |
activities | |||
| Statement offinancial |
position | |||
| Notes to the financial | statements | |||
| The following pages |
do not form part of | the financial statements | ||
| Detailed statement of |
financial | activities | 18 | |
| Notes to the detailed | statement | offinancial | activities | 19 |
| Year ended 31 | Dece | mber 2020 | ||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Unrestricted | ||||||
| Note | funds f |
Total funds 6 |
Total funds f |
|||
| Income and endowments | ||||||
| Investment income |
4 | 20,339 | 20,339 | 24,365 | ||
| Other income | 5 | 6,260 | 6,260 | 1,593 | ||
| Total income | 26,599 | 26,599 | 25,958 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 6,7 | 21,063 | 21,063 | 27,810 | |
| Total expenditure | 21,063 | 21„063 | 27,810 | |||
| Net (losses)/gains | on investments | 10 | (10,216) | (10,216) | 77,209 | |
| Net (expenditure)/income | and net movement | in funds | (4,680) | (4,680) | 75,357 | |
| Reconciliation of |
funds | |||||
| Total funds brought | forward | 1,462,116 | 1,462,116 | 1,386,759 | ||
| Total funds carried forward | 1,457,436 | 1,457,436 | 1,462,116 |
| Note | 2020 | 2019 f |
|||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Investments | 1,389,952 | 1,405,011 | |||||
| Current assets | |||||||
| Debtors | 14 | 363 | 1,647 | ||||
| Cash at bank and | in | hand | 68,598 | 56,286 | |||
| 68,961 | 57,933 | ||||||
| Creditors: amounts | falling | due within one year | 15 | 1,477 | 828 | ||
| Net current assets | 67,484 | 57,105 | |||||
| Total assets less | current | liabilities | 1,457„436 | 1,462,116 | |||
| Net assets | 1,457,436 | 1,462,116 | |||||
| Funds ofthe charity | |||||||
| Unrestricted funds |
1,457,436 | 1,462,116 | |||||
| Total charity funds | 16 | 1,457,436 | 1,462,116 |
| 4. | have been had the impairmen Investment income |
t not previously been rec |
ognised. | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| 6 | 6 | f | |||
| Dividends | 20,307 | 20,307 | 24,246 | 24,246 | |
| Bank interest | 32 | 32 | 119 | 119 | |
| 20,339 | 20,339 | 24,365 | 24,365 | ||
| 5. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds f |
2020 f |
Funds f |
2019 f |
||
| Rent receivable | 6,260 | 6,260 | 1,593 | 1,593 |
| 6. | Expenditure | on charitable | activities | by fund type | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2020 | Funds | 2019 | ||||
| 8 | F | f | |||||
| Grant making | 3,457 | 3,457 | 17,953 | 17,953 | |||
| Support costs | 17,606 | 17,606 | 9,857 | 9,857 | |||
| 21,063 | 21,063 | 27,810 | 27,810 | ||||
| 7. | Expenditure | on charitable | activities | by activity type | |||
| Grant funding | Total funds | Total fund | |||||
| ofactivities f |
Support costs f |
2020 | 2019 f |
||||
| Grant making | 3,457 | 17,606 | 21,063 | 27,810 | |||
| 8. | Analysis of | support costs | |||||
| Grant making | |||||||
| activity | Total 2020 | Total 2019 | |||||
| 6 | 6 | ||||||
| Governance | costs | 17,807 | 17,607 | 9,857 |
| r ended 31 Decem Analysis ofgrants |
r ended 31 Decem Analysis ofgrants |
ber 2020 | ||
|---|---|---|---|---|
| Special Grants | ||||
| 2020 | 2019 | |||
| F | ||||
| St. Sannan, | Bedwelty | & New Tredegar | 1,750 | |
| St. Margaret, | Blackwood | 7,596 | ||
| St.Tudor, Mynyddislwyn |
4,000 | |||
| St. David, Oakdale | 1,750 | |||
| St.Thomas, | Cefn Forest | 1,750 | ||
| St.Augustine, | Mynyddislwyn | 1,000 | ||
| 1,750 | 16,096 |
| Approved 2020: | Approved 2020: | |||
|---|---|---|---|---|
| St. David, Oakdale | 1,550 | |||
| St. Augustine, | Pontllanfraith | 9,000 | ||
| St.Tudor, Mynyddislwyn | 2,000 | |||
| Approved 2018: | ||||
| St.George, Tredegar | 2,000 | |||
| 14,550 | ||||
| Grant for Ground | Rent | |||
| 2020 | 2019 | |||
| 6 | ||||
| Mynyddislwyn | 7 | 7 | ||
| Church ofWales | 200 | 200 | ||
| 207 | 207 | |||
| Vicars' Parish | Support Grants | |||
| 2020 f |
2019 f |
|||
| Abercarn | 125 | |||
| Blackwood | 250 | 250 | ||
| Mynyddislwyn | 150 | |||
| Newbridge | 125 | |||
| Upper Islwyn | 300 | 150 | ||
| 550 | 800 | |||
| Vicars' Grants | ||||
| 2020 f |
2019 F |
|||
| Mynyddislwyn | 350 | 350 |
| Yea | r ended 3 | 1 December 2020 | 1 December 2020 | 1 December 2020 | ||||
|---|---|---|---|---|---|---|---|---|
| 9.Analysis | ofgrants (Continued) | |||||||
| Non Stipendiary Grants |
||||||||
| 2020 | 2019 | |||||||
| 8 | ||||||||
| Abercarn | 200 | 200 | ||||||
| Bedwelty & New Tredegar |
200 | 100 | ||||||
| Newbridge | 200 | 200 | ||||||
| 600 | 500 | |||||||
| 10. | Net (losses)/gains on investments |
|||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2020 6 |
Funds f |
2019 6 |
|||||
| Net appreciation/(depreciation) | of | |||||||
| equities held |
for investment | (10,216) | (10,216) | 77,209 | 77,209 | |||
| 11. | Independent | examination | fees | |||||
| 2020 | 2019 | |||||||
| 6 | ||||||||
| Fees payable to the independent | examiner for: | |||||||
| Independent | examination | ofthe | financial | statements | 852 | 828 |
| Investments | ||||
|---|---|---|---|---|
| Cash or cash | Listed | Investment | ||
| equivalentsf | investmentsf | properties | Total | |
| Cost orvaluation | ||||
| At 1 January 2020 | 12,107 | 761,879 | 631,025 | 1,405,011 |
| Additions | 272,358 | 272,358 | ||
| Disposals | (279,746) | (279,746) | ||
| Other movements | 2,545 | (10,216) | (7,671) | |
| At 31December 2020 | 14,652 | 744,275 | 631,025 | 1,389,952 |
| Impairment | ||||
| At 1January 2020 and | ||||
| 31 December 2020 | ||||
| Carrying amount |
||||
| At 31December 2020 | 14,652 | 744,275 | 631,025 | 1,389,952 |
| At 31 December 2019 | 12,107 | 761,879 | 631,025 | 1,405,011 |
| 14. | Debtors | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 6 | 6 | ||||
| Prepayments | and accrued income | 363 | 1,647 | ||
| 15. | Creditors: amounts | falling due within one year | |||
| 2020 f |
2019 E |
||||
| Accruals and | deferred | income | 852 | 828 | |
| Rent received | in advance | 625 | |||
| 1,477 | 828 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Jan 2020 | Income | Expendituref | Transfers f |
losses 31 f |
Dec 2020 6 |
||
| Unrestricted | ||||||||
| Income | Fund | 57,105 | 26,599 | (21,063) | 15,059 | (10,216) | 67,484 | |
| Unrestricted | ||||||||
| Capital | Fund | 1,405,011 | (15,059) | 1,389,952 | ||||
| 1,462,116 | 26,599 | (21,063) | (10,216) | 1,457,436 | ||||
| At | Gains and | At | ||||||
| 1 | Jan 2019 | Income 6 |
Expenditure 6 |
Transfers | losses 31 f |
Dec 2019 6 |
||
| Unrestricted | ||||||||
| Income | Fund | 54,676 | 25,958 | (27,810) | (72,928) | 77,209 | 57,105 | |
| Unrestricted | ||||||||
| Capital | Fund | 1,332,083 | 72,928 | 1,405,011 | ||||
| 1,386,759 | 25,958 | (27,810) | 77,209 | 1,462,116 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | TotalFunds | ||
| Funds | 2020 | ||
| 6 | |||
| Investments | 1,389,952 | 1,389,952 | |
| Current assets | 68,961 | 68,961 | |
| Creditors less than | 1 year | (1,477) | (1,477) |
| Net assets | 1,457,436 | 1„457,436 | |
| Unrestricted | Total Funds | ||
| Funds f |
2019 f |
||
| Investments | 1,405,011 | 1,405,011 | |
| Current assets | 57,933 | 57,933 | |
| Creditors less than | 1 year | (828) | (828) |
| Net assets | 1,462,116 | 1,462,116 |
| Year ended 31 Decem | ber 2020 | ||||
|---|---|---|---|---|---|
| 2020 E |
2019f | ||||
| Income and endowments | |||||
| Investment income |
|||||
| Dividends | 20,307 | 24,246 | |||
| Bank interest | 32 | 119 | |||
| 20,339 | 24,365 | ||||
| Other income | |||||
| Rent receivable | 6,260 | 1,593 | |||
| Total income | 26,599 | 25,958 | |||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Grant making | |||||
| Grant funding activities |
|||||
| Special Grants | 1,750 | 16,096 | |||
| Vicars' Grants | 550 | 800 | |||
| Vicars' Parish Support Grants | 350 | 350 | |||
| Non Stipendiary Grants |
600 | 500 | |||
| Grant for Ground Rent |
207 | 207 | |||
| 3,457 | 17,953 | ||||
| Support costs | |||||
| Insurance | 2,120 | 2,127 | |||
| Legal &professional fees |
8,878 | 930 | |||
| Stockbroker management | fees | 4,257 | 4,472 | ||
| Clerk's remuneration | 1,500 | 1,500 | |||
| Independent Examiner's fees |
851 | 828 | |||
| 17,606 | 9,857 | ||||
| Expenditure on charitable |
activities | 21,063 | 27,810 | ||
| Net (losses)/gains on investments |
|||||
| Net (depreciation)/appreciation | of equities | held for investment | (10,216) | 77,209 | |
| Net (expenditure)iincome | (4,680) | 75,357 |