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|---|---|---|---|---|
|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|
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|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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|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|