2021-12-31-accounts

		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 ofthe financial statements
Detailed statement offinancial	activities	16

Year ended 31	Dece	mber 20	21
						2021		2020
						Unrestricted
					Nots	funds 6	Total funds f	Total funds E
Income and endowments
Investment income					4	24,077	24,077	20,339
Other income					5	3,943	3,943	6,260
Total income						28,020	28,020	26,599
Expenditure
Expenditure on charitable		activities			6,7	16,972	16,972	21,063
Total expenditure						16,972	16,972	21,063
Net Income before gains/(losses)			on investments			11,046	11,048	5,536
Net gains/(losses)	on investments				10	159,145	159,145	(10,216)
Net income/(expenditure)		and net	movement	In	funds	170,193	170,193	(4,680)
Reconciliation of	funds
Total funds brought	forward					1,457,436	1,457,436	1,462,116
Total funds carried forward						1,627,629	1,627,629	1,457,436

						2021		2020
					Nots	6
Fixed assets
Investments					13		1,544,719	1,389,952
Current assets
Debtors					14	297		363
Cash at bank	and	in	hand			84,190		68,598
						84,487		68,961
Creditors: amounts			falling	due within one year	15	1,577		1,477
Net current assets							82,910	67,464
Total assets	less	current		liabilities			1,627,629	1,457,436
Net assets							1,627,629	1,457,436
Funds ofthe charity
Unrestricted	funds						1,627,629	1,457,436
Total charity	funds				16		1,627,629	1,457,436

Investment Income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds F	2021 f	Funds f	2020 f
Dividends	23,923	23,923	20,307	20,307
Bank interest	154	164	32	32
	24,077	24,077	20,339	20,339

5.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				F	f		F
	Rent receivable			3,943	3,943	6,260	6,260
6.	Expenditure	on charitable	activities	by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds F	2021 f	Funds f	2020 f
	Grant making			6,690	6,690	3,457	3,457
	Support costs			10,262	10,282	17,606	17,606
				16,972	16,972	21,063	21,063

Expen	diture on charitable	activities by act	ivity typ	e
		Grant	funding			Totalfunds	Total fund
		of	activities	Support	costs f	2021	2020 f
Grant	making		6,690		10,282	16,972	21,063

Grant	making
	activity f	Total 2021 F	Total 2020 F
	10,282	10,282	17,606

Analysis ofgrants
Special Grants
							2021	2020
							5	5
St.Tudor, Mynyddislwyn							2,000
St. David, Qakdale							1,550
Christ Church, Ebbw Vale							1,433
St.Sannan, Bedwelty		&	New 'Tredegar					1,750
							4,983	1,750
No provision has December 2021:-	been		made	for the following	Special Grants	approved	but not paid	by 31st
Approved 2021:
St. Dingat, Tredegar								4,800
St.Theodore, Ynysddu								10,000
St. Margaret, Blackwwod								7,000
Approved 2020:
St.Augustine, Pontllanfraith								9,000
Approved 2018:
St.George, Tredegar								2,000
								32,800
Grant for Ground	Rent
							2021	2020
							8	8
Mynyddislwyn							7	7
Church ofWales							200	200
							207	207
Vicars' Parish Support			Grants
							2021	2020
							5	5
Blackwood							250	250
Upper Islwyn							300	300
							550	550
Vicars' Grants
							2021	2020
							8	5
Mynyddislwyn							350	350

alysis ofgrants	alysis ofgrants	(Continued)
Non Stipendiary		Grants
			2021	2020
			8	f
Abercarn			200	200
Bedwelty	& New	1redegar	200	100
Newbridge			200	200
			600	500

10.	Net gains/(lo	sses) on Inv	e	stm	ents
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds	2021	Funds	2020
							F	8	F	F
	Gains/(losses)	on investment		property			69,100	69,100
	Net appreciation/(depreciation)				of
	equities held	for investment					90,045	90,045	(10,216)	(10,216)
							159,145	159,145	(10,216)	(10,216)
11.	Independent	examination		fees
									2021	2020
									6	F
	Fees payable	to the independent			examiner		for.
	Independent	examination	ofthe		financial	statements			876	852

Investments
	Cash or cash	Listed	Investment
	equivalents F	investmentsf	properties F	Total
Cost or valuation
At 1 January 2021	14,652	744,275	631,025	1,389,952
Additions	23,923	180,809		204,732
Disposals	(29,023)	(180,087)		(209,110)
Fair value movements		90,045	69,100	159,145
At 31 December 2021	9,552	835,042	700,125	1,544,719
Impairment
At 1January 2021 and
31 December 2021
Carrying amount
At 31 December 2021	9,552	835,042	700,125	1,544,719
At 31 December 2020	14,652	744,275	631,025	1,389,952

	Financial	assets held at fair	assets held at fair	value
	The listed	investments have		been	valued	at fair value	at the year	end date by the	porffolio
	managers,	Brewin Dolphin.
14.	Debtors
								2021	2020
	Prepayments		and accrued income					297	363
15.	Creditors:	amounts falling due within one				year
								2021 f	2020 F
	Accruals and		deferred income					876	852
	Rent received		in advance					701	625
								1,577	1,477

Unrestricted	funds
								At
		At	1	January			Gains and 31	December
				2021	Income	Expenditure	losses	2021
				F	6		6	8
Unrestricted	Income
Fund				67,484	28,020	(12,594)		82,910
Unrestricted	Capital
Fund			1,389,952			(4,378)	159,145	1,544,719
			1,457,436		28,020	(16,972)	159,145	1,627,829
								At
		At	1 January				Gains and 31	December
				2020	Income F	Expenditure F	losses f	2020
Unrestricted	Income
Fund				57,105	26,599	(18,220)		67,484
Unrestricted	Capital
Fund			1,405,011			(4,843)	(10,216)	1,389,952
			1,462,116		26,599	(21,063)	(10,216)	1,457,436

Analysis	of net as	sets between funds
			Unrestricted	Total Funds
			Funds	2021
			F
Investments			1,544,719	1,544,719
Current	assets		84,487	84,487
Creditors	less than	1 year	(1,577)	(1,577)
Net assets			1,627,629	1,627,629
			Unrestricted	Total Funds
			Funds	2020
			6	5
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

Year ended 31 Dece	mb	er 2021
				2021	2020
				8	E
Income and endowments
Investment income
Dividends				23,923	20,307
Bank interest				154	32
				24,077	20,339
Other income
Rent receivable				3,943	6,260
Total Income				28,020	26,599
Expenditure Expenditure on charitable		activities
Grant making
Grant funding activ/ties
Special Grants				4,983	1,750
Vicars' Grants				550	550
Vicars' Parish Support Grants				350	350
Non Stipendiary Grants				500	600
Grant for Ground Rent				207	207
				8,590	3,457
Supportcosts
Insurance				2,200	2,120
Legal & professional fees				1,078	6,677
Stockbroker management	fees			4,530	4,257
Clerk's remuneration				1,500	1,500
Independent Examiner's	fees			878	652
				10,282	17,606
Expenditure on charitable		activities		18,972	21,063
Net gains/(losses) on investments
Gains/(losses) on investment		property		89,100
Net appreciation/(depreciation)		ofequities	held for investment	90,045	(10,216)
				159,145	(10,216)
Net income/(expenditure)				170,193	(4,660)