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## 

|Principal|Address|Address|City United Reformed|City United Reformed|Church|||
|---|---|---|---|---|---|---|---|
||||Windsor Place|||||
||||Cardiff|||||
||||CF103BZ|||||
|Custodian||Trustee|The United Reformed||Church|(Wales) Trust Company|Limited|
|Managing||Trustees|Alison Tansom|||||
||||Catherine Jones|||||
||||Johann Te Water|Naude||||
||||Revd Simon Walkling|||||
||||David Richard Meek|||||
||||Dr Nici Lintern Gittens|||||
||||lain Scott|||||
|Bankers|||Lloyds TSB|||||
||||45 Newport<br>Road|||||
||||Cardiff|||||
||||CF24 OTW|||||
|Investment||Managers|COLA Investment|Management||Limited||
||||80Cheapside|||||
||||LONDON|||||
||||EC2V 6DZ|||||
|Accountants|||Williams Ross Limited|||||
||||4Ynys Bridge Court|||||
||||Gwaelod<br>y Garth|||||
||||Cardiff|||||
||||CF159SS|||||





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|||||Page|
|---|---|---|---|---|
|Trustees'<br>Annual|Report||||
|Independent<br>Examiner's||Report|||
|Income Account|||||
|Balance sheet|||||
|Notes forming<br>part ofthe||financial|statements||
|Detailed<br>income|and expenditure||account - Income account||





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Note||Restricted|Restricted|
||||||8|5||
|INCOME||||||||
|Investment<br>Income||||||||
|Dividends<br>and distributions||received||2||32,458|32,463|
|Bank interest received||||||4|49|
|||||||32,462|32,512|
|EXPENDITURE||||||||
|Charitable<br>activities||||||||
|City United Reformed|Church||distribution||32,000||32,000|
|Accountancy fees|||||432||432|
|Charitable<br>donation||||||||
|||||||(32,432)|(32,432)|
|Net gains I(losses) on|investments|||||||
|Unrealised|||||115,556||25,973|
|Realised||||||||
|||||||115,556|25,973|
|Net income I(expenditure)||||||115,586|26,053|
|Reconciliation<br>offunds||||||||
|Balances at beginning||ofyear||||930,829|904,776|
|Balances at end ofyear||||||1,046,415|930,829|





## 

|||Notes|f|2021<br>f|2021<br>f||2020<br>f|
|---|---|---|---|---|---|---|---|
|INVESTMENTS|||||1,034,255||918,699|
|CURRENT ASSETS||||||||
|Cash at bank and<br>in hand|||12,590|||44,994||
||||12,590|||44,994||
|LESS:CURRENT LIABILTIES||||430||32,864||
|NET CURRENT ASSETS|||||12,160||12,130|
|TOTAL NET ASSETS|||||1,046,415||930,829|
|Representing:||||||||
|RESTRICTED FUNDS||||||||
|Capital account|||||1,028,001||912,445|
|Income account|||||18,414||18,384|
|TOTAL FUNDS|||||1,046,415||930,829|
|These financial statements<br>their behalf b:|were approved|by the Board|ofTrustees||yif JNJi<br>4I'5Z<br> on ..........-.."..".Ii..........||and signed on|





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|Investments||||||||
|---|---|---|---|---|---|---|---|
|||||Fixed||Ethioal||
|||||Interest|Property|Investment||
|||||Fund<br>f|Fund<br>f|Fund<br>f|Totalf|
|At 1 January 2021||||50,010|240,892|627,797|918,699|
|Unrealised<br>gain/(loss)||on investment||||||
|from change<br>in value||||(3,293)|34,314|84,535|115,556|
|Realised gain/(loss)|on investment||from|||||
|disposal of investment||in year||||||
|At 31 December 2021||||46,717|275,206|712,332|1,034,255|





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|lysis of net|assets between funds||||
|---|---|---|---|---|
||||lect current||
||||assets I||
|||Investments|(liabilities)|Total|
||||f||
|Restricted -|Capital fund|1,028,001||1,028,001|
||Income fund|6,254|12,160|18,414|
|||1,034,255|12,160|1,046,415|



## 

|vement<br>o|n fu|nds||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Other||
|||||At|1Jan. 2021|Income|Expenditure|movements|At 21 Oec. 2021|
||||||f|f|||f.|
|Restricted|-|Capital|fund||912,445|||115,556|1,028,001|
|||Income|fund||18,384|32,462|32,432||18,414|
||||||930,829|32,462|32,432|115,556|1,046,415|





## 

## 

||||2021||2020|
|---|---|---|---|---|---|
|INCOMING RESOURCES||||||
|Dividends<br>and distributions||received||32,458|32,463|
|Interest (gross)||||4|49|
|||||32,462|32,512|
|Less: RESOURCES EXPENDED||||||
|Accountancy<br>fees|||432||432|
|Charitable<br>donation||||(432)|~4323|
|Surplus of Income||||32,030|32,080|
|Less: DISTRIBUTIONS||||||
|City United Reformed|Church||32,000||32,000|
|||||32,000)|(32,000)|
|Surplus<br>/ (deficit) for the year||||30|80|
|ACCUMULATED<br>FUND at|1st January 2021|||18,384|18,304|
|ACCUMULATED<br>FUND at|31stDecember 2021|||18,414|18,384|