2021-12-31-accounts

Tnlstees		Rt Rev Cherry EVann
		Ven Jonathan SWilliams
		Canon John C Woodward
		Mrs Valerie M Willie
		Mrs Christine Edwards
		Mrs Jenny Neale
		Ven lan Rees		(Appointed	8 July 2021)
Charity number		1073775
Independent	examiner	Catherine A Nlilliams	Ltd
		Old Bank House
		Beaufort Street
		Crickhowell
		Powys
		NP8 1AD
Bankers		Nat West Bank
		High Street
		Newport "'n"0 1GG
Investment	advisors	Brewin Dolphin
		5 Callaghan Square
		Cardiff
		CF105BT

			Page
Trustees' report			1-2
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		6-10

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
			Notes	5	5
Ittgttg~om:
Donations, legacies and grants			2	6,103	5,826
Investments			3	26,421	25,220
Total income				32,524	31,046
Exgggtt~in;
Raising funds			4	4,294	4,034
Charitable activities			5	29,195	28,072
Total resources expended				33,489	32,106
Net gains/(losses)	on investments		9	11,926	(6,302)
Net incoming/(outgoing)		resources		10,961	(7,362)
Other recognised	gains and losses
Revaluation oftangible fixed assets				55,717	(14,026)
Net movement in	funds			66,678	(21,388)
Fund balances at 1 January		2021		769,172	790,560
Fund balances at	31December 2021			835,850	769,172

				2021		2020
			Notes	6		8
Fixed assets
Investments			10		770,414		707,041
Current assets
Debtors				7,478		3,105
Cash at bank	and in	hand		59,567		60,612
				67,045		63,717
Creditors: amounts		falling due within
one year			12	(1,609)		(1,586)
Net current assets					65,436		62,131
Total assets	less current liabilities				835,850		769,172
Income funds
Unrestricted	funds
General unrestricted		funds		709,424		698,463
Revaluation	reserve			126,426		70,709
					835,850		769,172
					835,850		769,172

Donatio	ns, legacies and grants
		2021	2020
Grants	and donations (See below)	6,103	5,826
Donations and gifts
Church	in Wales	4,932	3,320
Parish	donations	205	305
Individual donations		500	2,101
Gift aid	recovered	466	100
		6,103	5,826

				Unrestdcted	Unrestricted
				funds	funds
				2021	2020
				6	6
	Income from listed investments			26,235	25,035
	Interest receivable			186	185
				26,421	25,220
4	Raising funds
				2021	2020
	Investment	management	fees	4,294	4,034
5	Charitable	activities

			2021	2020
				6
Grants to individuals			27,621	27,187
Lunch			665
Administration	costs		429	405
			28,715	27,592
Share ofgovernance		costs (see note 6)	480	480
			29,195	28,072

Support	costs
			Support costs 6	Governance costs 6	2021 E	2020 f	Basis of allocation
Independent examiner's		fees		480	480	480	Governance
				480	480	480
Analysed	between
Charitable	activities			480	480	480

2021	2020
Number	Number

Net gains/(	loss	es)	on investments
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
					6
Gain/(loss)	on	sale	ofinvestments	11,926	(6,802)

		Listed
		investments
		6
Cost or valuation
At 31 December 2020		707,041
Valuation changes		67,643
investment management	fees	(4,270)
At 31 December 2021		770,414
Canying amount
At 31 December 2021		770,414
At 31 December 2020		707,041

11	Debtors
			2021	2020
	Amounts falling due	within one year:	6	6
	Other debtors		7,478	3,105
12	Creditors: amounts	falling due within one year
			2021	2020
				6
	Accruais and deferred	income	1,609	1,586