##
##
##
|||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)|