2021-03-31-accounts

			Page
Reference	and Administrative Details
Charitable	Objects
Report of	the Trustees		3to 9
Report of	the independent	Auditors	10to 11
Statement	of Financial Activities		12
Balance Sheet			13
Statement	of Cash Flows		14
Notes to the Statement of		Cash Flows	15
Notes to the Financial Statements			16to 31

								2021	2020
					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds	funds	funds
				Notes	6	E	6	6	E
INCOME AND
ENDOWMENTS	FROM
Donations and	legacies				222,952	1,536,270		1,759,222	1,276,342
Other trading	activities				6,439			6,439	8,017
Investment income					70,356	8,679	2,678	81,713	85,918
Total					299,747	1,544,949	2,678	1,847,374	1,370,277
EXPENDITURE	ON
Raising funds					15,043	6,884	1,128	23,055	18,547
Charitable activities					153,781	1,557,949		1,711,730	531,105
Total					168,824	1,564,833	1,128	1,734,785	549,652
NET
INCOME/(EXPENDITURE)					130,923	(19,884)	1,550	112,589	820,625
Transfer between		funds		20	(15,554)	15,554
					115,369	(4,330)	1,550	112,589	820,625
Other recognised		gains/(losses)
Gains/(losses)	on	investment	assets	11	473,839	430,405	73,064	977,308	(346,504)
Net movement	in	funds			589,208	426,075	74,614	1,089,897	474,121
RECONCIUATION		OF FUNDS
Total funds brought forward					2,210,165	1,067,566	388,891	3,666,622	3,192,501
TOTAL FUNDS	CARRIED FORWARD
					2,799,373	1,493,641	463,505	4,756,519	3,666,622

		2021	2020
	Notes	6	6
FIXEDASSETS
Tangible assets	15	11,612	11,612
Investments	16	4,413,216	2,843,123
		4,424,828	2,854,735
CURRENTukSSETS
Debtors	17	211,714	659,270
Cash at bank		349,094	163,833
		560,808	823,103
CREDITORS
Amounts falling due within one
year	18	(229,117)	(11,216)
NET CURRENT ASSEIS		331,691	811,887
TOTALASSETS LESS
CURRENT UABIUTIES		4,756,519	3,666,622
NET ASSETS		4,756,519	3,666,622
FUNDS	20
Unrestricted funds		2,799,373	2,210,165
Restricted funds		1,493,641	1,067,566
Endowment funds		463,505	388,891
TOTALFUNDS		4,756,519	3,666,622

								2021	2021
								6	f
							Notes
Cash flows from operating				activities				696,333	117,189
Investing		acUvitles:
Purchase		oftangible fixed		assets
Purchase		of investments						(1,199,411)	(621,571)
Proceeds		on disposal ofinvestments						606,626	472,110
Interest	received							635	583
Dividends		received						81,078	85,335
Net cash provided			by (used in) investing
activities								(511,072)	(63,543)
Change	in	cash and	cash equivalents		in the
reporting		period						185,261	53,646
Cash and		cash equivalents		atthe beginning		ofthe
reporting		period						163,833	110,187
Cash and		cash equivalents		at the end	ofthe	reporting
period								349,094	163,833

1.	RECONCILIATION OF	NET INCOME TO NET CASH FLOW
	FROM OPERATING ACTIVITIES		2021	2020
			6	6
	Surplus forthe year		1,089,897	474,121
	Adjustments for:
	Depreciation oftangible fixed assets			649
	Loss/(gain) on investments		(977,308)	346,504
	Interest received		(635)	(583)
	Dividends received		(81,078)	(85,335)
	Movement in working capital;
	(Increase)/decrease	in debtors	447,556	(618,640)
	Increase/(decrease)	in creditors	217,901	473
	Cash generated from	operations	696,333	117,189

NATIONS	AND L	EGACIE	S
						Unrestricted	Restricted	2021	2020
						f	E	E	E
Donations						72,547	43,445	115,992	122,787
Royalties received						961		961	4,186
Legacies						98,890	10,000	108,890	949,305
Subscriptions						50,554		50,554	40,600
Grants							1,482,825	1,482,825	159,464
						222,952	1,536,270	1,759,222	1,276,342
Grants received,		included		in the above, are as follows:
						Unrestricted	Restricted	2021	2020
						E	E	f	E
CAD W							166,888	166,888	83,672
Diocese	ofYork						40,000	40,000
Church	in Wales						40,000	40,000	40,000
Usted Places of		Worship		Scheme			195,937	195,937	35,792
Historic	England						1,040,000	1,040,000
							1,482,825	1,482,825	159,464
Forthe	year ended 31March 2020:
							Unrestricted	Restricted	2020
							E	E	E
Donations							50,613	72,174	122,787
Royalties received							4,186		4,186
Legacies							949,305		949,305
Subscriptions							40,600		40,600
Grants							7,157	152,307	159,464
							1,051,861	224,481	1,276,342
Grants received,		included		in the above, are as follows:
							Unrestricted	Restricted	2020
							E	E	f
CADW								83,672	83,672
Church	in Wales							40,000	40,000
Usted Places of		Worship		Scheme			7,157	28,635	35,792
							7,157	152,307	159,464
OTHER TRADING ACTIVITIES
								2021	2020
								E	E
Christmas card		sales						5,039	4,377
Other income								1,400	3,640
								6,439	8,017
INVESTMENT INCOME
					Unrestricted	Restricted	Endowment	2021	2020
					f	E	f	E	E
UK investment		income			63,071	7,157	2,678	72,906	81,079
Overseas investment			income		6,842	1,330		8,172	4,256
Deposit	account interest				443	192		635	583
					70,356	8,679	2,678	81,713	85,918

For the year ended	For the year ended	31March 2020:
				Unrestricted		Restricted	Endowment	2020
				E		E	E	E
UK investment	income			66,098		12,035	2,946	81,079
Overseas investment		income		3,238		1,018		4,256
Deposit account interest					350	233		583
				69,686		13,286	2,946	85,918
COST OF RAISING FUNDS
			Unrestricted	Restricted		Endowment	2021	2020
			E	E		E	f	E
Representations			589				589	473
Brokers' fees			14,454			1,128	22,466	18,074
			15,043	6,884		1,128	23,055	18,547
Forthe year ended		31March 2020;
				Unrestricted		Restricted	Endowment	2020
				E		E	E	E
Representations					473			473
Brokers' fees				11,308		5,786	980	18,074
				11,781		5,786	980	18,547
CHARITABLE ACTIVITIES COSTS
						Direct	Support	Total funds
						costs E	costsf	E
Charitable activities						1,702,055	9,675	1,711,730
Forthe year ended		31March 2020:
						Direct	Support	Total
						costs	costs	funds
						E	E	E
Charitable activities						512,673	18,432	531,105

ECT COSTS
				Unrestricted	Restricted	2021	2020
				E	E	E	E
purchase ofobjects ofbeauty					30,300	30,300	7,387
Specific grants							1,000
Repairs and maintenance					1,317,565	1,317,565	159,161
Field Officer's expenses					59	59	1,546
Insurance				15,640	1,928	17,568	16,294
Travel expenses				3,780		3,780	5,575
Andent Monuments Society shared costs				36,688		37,188	58,759
Upkeep ofwebslte				17,972		17,972	10,526
Other costs				2,566		2,566	923
Salaries				52,379		52,379	46,866
Pension				2,831		2,831	2,651
Depreciation							649
New Vestings				14,165		14,165	7,426
New Mechanism	—Repairs	and maintenance			182,726	182,726	169,461
New Mechanism	-Insurance				12,848	12,848	11,881
New Mechanism	—Travel	expenses					270
New Mechanism	-Field Officer's expenses						1,340
New Mechanism	-Andent	Monuments	Society shared costs		6,500	6,500	6,000
New Mechanism-Sundries					3,608	3,608	4,958
				146,021	1,556,034	1,702,055	512,673
For the year ended 31March 2020:
					Unrestricted	Restricted	2020
					E	E	E
Purchase ofobjects of beauty						7,387	7,387
Specific grants					1,000		1,000
Repairs and maintenance					125,046	34,115	159,161
Field Officer's expenses					1,546		1,546
Insurance					15,113	1,181	16,294
Travel expenses					5,575		5,575
Ancient Monuments Society shared costs					58,759		58,759
Upkeep ofwebsite					10,526		10,526
Other costs					923		923
Salaries					46,866		46,866
Pension					2,651		2,651
Depreciation					649		649
New Vestings					7,426		7,426
New Mechanism	- Repairs	and maintenance				169,461	169,461
New Mechanism	—Insurance					11,881	11,881
New Mechanism	-Travel	expenses				270	270
New Mechanism	—Field Officeds expenses					1,340	1,340
New Mechanism	-Ancient	Monuments	Society shared costs			6,000	6,000
New Mechanism-Sundries						4,958	4,958
					276,080	236,593	512,673

									Unrestricted	Restricted	2021	2020
									E	f	E	E
	Trustees'	travel	expenses						219		219	1,703
	Bank charges								802	565	1,367	1,507
	AGM and	other	expenses						1,394		1,394	8,827
	Auditors'	remuneration							5,345	1,350	6,695	6,395
									7,760	1,915	9,675	18,432
	Forthe year ended 31			March 2020;
										Unrestricted	Restricted	2020
										E	E	E
	Trustees'	travel	expenses							1,703		1,703
	Bank charges									913	594	1,507
	AGM and	other	expenses							8,827		8,827
	Auditors'	remuneration								5,115	1,280	6,395
										16,558	1,874	18,432
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated after		charging/(crediting);
											2021	2020
											E	E
	Auditors'	remuneration		—audit fee							3,500	3,300
	Auditors'	remuneration		—non audit		services					3,195	3,095
											6,695	6,395
11,	GAINS/(LOSSES)		ON INVESTMENT ASSETS
								Unrestricted	Restricted	Endowment	2021	2020
								f	E	E	E	f
	Realised gains/(losses)			on	investment	assets		9,654	18,546	(157)	28,043	(24,2S4)
	Unrealised	gains/(losses)			on investment		assets	464,185	411,859	73,221	949,265	(322,220)
								473,839	430,405	73,064	977,308	346,504)
	For the year ended 31			March 2020:
									Unrestricted	Restricted	Endowment	2020
									E	f	f	E
	Realised gains/(losses)			on	investment	assets			(18,651)	(5,633)		(24,284)
	Unrealised	gains/(losses)			on investment		assets		(249,778)	(56,393)	(16,049)	(322,220)
									(268,429)	(62,026)	(16,049)	(346,504)

FF COSTS
				2021	2020
				E	E
Wages and salaries				50,529	44,878
Social security costs				1,850	1,988
Other pension costs				2,831	2,651
				55,210	49,517
The average	monthly	number ofemployees	during the year was as follows:
				2021	2020
Administration				1	1

		Unrestricted	Restricted	Endowment	2020
		funds	funds	funds	Total funds
		E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		1,051,861	224,481		1,276,342
Other trading activities		8,017			1,445
Investment income		69,686	13,286	2,946	85,918
		1,129,564	237,767	2,946	1,370,277
EXPENDITURE ON
Raising funds		11,781	5,786	980	18,547
Charitable activities		292,638	238,467		531,105
		304,419	244,253	980	549,652
NET INCOME/(EXPENDITURE)		825,145	(6,486)	1,966	820,625
Transfer between funds		22,783)	22,783
		802,362	16,297	1,966	820,625
Gains/(losses) on investment	assets	(268,429)	(62,026)	(16,049)	(346,504)
Net movement in funds		533,993	(45,729)	(14,083)	474,121
RECONCIUATION OF FUNDS
Total funds brought forward		1,676,232	1,113,295	402,974	3,192,501
TOTAL FUNDS CARRIED FORWARD		2,210,165	1,067,566	388,891	3,666,622
TANGIBLE FIXED ASSETS
			Heritage	Computer	Totals
				Equipment
			E	E	E
COST			11,610	1,954	13,564
At 1April 2020
Additions
Disposals
At 31March 2021			11,610	1,954	13,564
DEPRECIATION				1,952	1,952
At 1April 2020
Charge for year
Eliminated on disposal
At 31March 2021				1,952	1,952
NET BOOK VALUE			11,610	2	11,612
At 31March 2020
At 31March 2021			11,610	2	11,612

FIXEDASSET INVE	S	TMENTS
					Cash and
				Usted	settlements
				investments	pending	Totals
				E	E	E
MARKET VALUE
At 1April 2020				2,725,850	117,273	2,843,123
Additions				1,163,746	35,665	1,199,411
Disposals				(578,583)		(578,583)
Revaluations				949,265		949,265
At 31March 2021				4,260,278	152,938	4,413,216
Listed investments		comprise:
					2021	2020
					E	E
United Kingdom	equities and funds				3,212,232	2,171,891
Overseas equities					1,048,046	553,959
					4,260,278	2,725,850
The historical cost		ofthe total ofinvestments	held is:		3,201,323	2,509,409

DEBTORS:AMOUNTS F	AILING DUE WITHIN ONE YEAR
		2021	2020
		E	E
Other debtors		211,714	659,270
CREDITORS: AMOUNTS	FAILING DUE WITHIN ONE YEAR
		2021	2020
		E	E
Trade creditors		216,595	2,141
Other creditors		12,522	9,075
		229,117	11,216

		Unrestricted	Restricted	Endowment	2021Total	2020 Total
		funds	funds	funds	funds	funds
		E	E	E	E	E
Fixed assets		2	11,610		11,612	11,612
Investments		2,603,031	1,398,677	411,508	4,413,216	2,843,123
Cash at	bank	193,478	108,740	46,876	349,094	163,833
Other current assets		16,202	190,391	5,121	211,714	659,270
Current	liabilities	(13,340)	~(215,777		(229,117)	(11,216)
		2,799,373	1,493,641	463,505	4,756,519	3,666,622

COMPARATIVES FOR ANALYSIS OF	NET ASSETS BETWEEN FUN	DS
	Unrestricted	Restricted	Endowment	2020Total
	funds	funds	funds	funds
	E	E	6	E
Fixed assets	2	11,610		11,612
Investments	1,543,647	960,158	339,318	2,843,123
Cash at bank	32,849	84,108	46,876	163,833
Other current assets Current liabilities	634,475 (6,808)	22,098 ~4,408)	2,697	659,270 (11,216)
	2,204,165	1,073,566	388,891	3,666,622

			Net movement	Transfers	Transfers
		At 1.4.20	in funds	between	funds	At 31.3.21
		E	E		E	E
Unrestricted funds
General fund		1,375,544	604,762		(15,554)	1,964,752
Designated funds		834,621				834,621
		2,210,165	604,762		(15,554)	2,799,373
Restricted funds
Welsh Churches	- 4 Original	9,826	(6,187)		4,384	8,023
Welsh Churches	—New Mechanism	26,421	39,975			66,396
Other Churches		10,000	(7,985)		(2,015)
Cottam Will Trust		909,625	389,080			1,298,705
Fabric funds		111,694	(4,362)		13,185	120,517
		1,067,566	410,521		15,554	1,493,641
Endowment funds
Brett Trust		152,747	76,414			229,161
James Johnston	Fund	236,144				236,144
		388,891	76,414			463,505
TOTAL FUNDS		3,666,622	1,089,897			4,756,519
Net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and		Movement in
		resources	expended		losses	funds
		E	E		E	E
Unrestricted funds
General fund		299,747	(168,824)	473,839		604,762
Designated funds
		299,747	(168,824)	473,839		604,762
Restricted funds
Welsh Churches	—4 Original	7,710	(13,897)			(6,187)
Welsh Churches	- New Mechanism	245,893	(205,753)		(16S)	39,975
Other Churches		818,725	(826,710)			(7,985)
Cottam Will Trust		7,538	(39,527)	421,069		389,080
Fabric funds		465,083	(478,946)		9,501	(4,362)
		1,544,949	(1,564,833)	430,405		410,521
Endowment funds
Brett Trust		2,678	(1,128)		73,064	74,614
TOTALFUNDS		1,847,374	(1,734,785)	977,308		1,089,897

			Net movement	Transfers	Transfers
		At 1.4.19	in funds	between	funds	At 31.3.20
		E			E	E
Unrestricted funds
General fund		835,921	562,406		(22,783)	1,375,544
Designated funds		840,311	(5,690)			834,621
		1,676,232	556,716		(22,783)	2,210,165
Restricted funds
Welsh Churches	- 4 Original	1,637	7,595		594	9,826
Welsh Churches	- New Mechanism	35,014	(8,593)			26,421
Other Churches			10,000			10,000
Cottam Will Trust		972,335	(62,710)			909,625
Fabric funds		104,309	(14,804)		22,189	111,694
		1,113,295	(68,512)		22,783	1,067,566
Endowmentfunds
Brett Trust		166,830	(14,083)			152,747
James Johnston	Fund	236,144				236,144
		402,974	(14,083)			388,891
TOTAL FUNDS		3,192,501	474,121			3,666,972
Net movement	in funds, included	ln the above are as follows:
		Incoming	Resources	Gains and		Movementin
		resources	expended		losses	funds
		E	E		E	E
Unrestricted funds
General fund		1,129,564	(298,729)	(268,429)		562,406
Designated funds			(5,690)			(5,690)
		1,129,564	(304,419)	(268,429)		556,716
Restricted funds
Welsh Churches	-4 Original	9,730	(2,135)			7,595
Welsh Churches	—New Mechanism	185,413	(194,006)			(8,593)
Other Churches		16,133	(6,133)			10,000
Cottam Will Trust		12,505	(14,950)		(60,265)	(62,710)
Fabric funds		13,986	(27,029)		(1,761)	(14,804)
		237,767	(244,253)		(62,026)	(68,512)
Endowment funds
Brett Trust		2,946	(980)		(16,049)	(14,083)
TOTALFUNDS		1,370,277	(549,652)	(346,504)		474,121

	01January 1974	Old St Matthew' s, Ughtcliffe, West Yorkshire	Old St Matthew' s, Ughtcliffe, West Yorkshire	(99-year lease)
	01January 1974	Old St Luke' s, Mfiland, West Sussex		(99-yearlease)
	01January 1975	St Mary' s, Mundon, Essex		(999-yearlease)
	01January 1975	St Peter' s, Wickham Bishops, Essex		(999-yearlease)
	01January 1976	StAndrew' s, South l-lulsh, Devon		(999-yearlease)
	01May 1976	Old St Peter' s, Saltfleetby, Uncolnshire		(999-yearlease)
	26July 1978	Chapel, Urishay, Herefordshire		(freehold)
	24June 1979	St Andrew' s, Wood Walton, Cambrldgeshire		(999-year lease)
	05 December 1979	StJohn the Baptist's, Papworth StAgnes, Cambridgeshire		(freehold)
	20 March 1980	St Mary' s, Eastwell, Kent		(freehold)
	03July 1981	StJohn the Baptist's, Sutterby, Lincolnshire		(freehold)
	15April 1982	St Mary Magdalene's, Caldecote, Herffordshire		(freehold)
	07 September 1982	The Assumption, Hardmead, Buckinghamshire		(99-yearlease)
	07October 1983	St Mary Magdalene's, Boveney, Berkshire		(999-yearlease)
	31December 1986	Strict &Particular Chapel, Waddesdon,	Buckinghamshire	(freehold)
	01February 2000	Ayshford Chapel, Burlescombe, Devon		(125-year lease)
	15March 2002	StJohn the Baptist's, Matlock Bath, Derbyshire		(freehold)
	23January 2007	St Peter' s, Uanclllo, Herefordshire		(freehold)
	15November 2010	Chapel of Ease, Thornton-le-Beans, North Yorkshire		(freehold)
	01January 2011	StJohn the Baptist's, Afiington, Wiltshire		(freehold)
	07January 2011	St Mary' s, Long Crichel, Dorset		(freehold)
	20 May 2011	St Mary ofthe Angels, Brownshfil, Gloucestershire		(freehold)
	12September 2011	St Mary' s, Fordham, Norfolk		(freehold)
	28 December 2011	Afi Saints', Bafiidon, Derbyshire		(freehold)
	30November 2016	St Denis's, East Hatley, Cambridgeshire		(freehold)
	17December 2019	St Mary' s,Temple Corsley, Wlltshire		(freehold)
	17December 2019	St Leonard's, Spernafi, Warwickshire		(999-yearlease)
	02 October 2020	St Lawrence's, Hutton Bonvifie, North	Yorkshire	(freehold)
	16November 2020	St I-lelen's, Barmby on the Marsh, ERofYorkshire		(freehold)
Welsh	vesti ngs
	01November 1978	SSAfran, leuan &Sannan, Uantrisant,	Anglesey	(999-year lease)
	07October 1983	StAndrew' s, Bayvil, Dyfed		(999-year lease)
	22 November 1989	St Mary the Virgin's, Llanfair Kilgeddin,	Monmouthshire	(freehold)
	07 February 1991	St Raglan's, Llanfaglan, Gwynedd		(freehold)
	19November 1999	St David's, Llangeview, Monmouthshire		(999-year lease)
	19November 1999	St Mary' s, Tal-y-Llyn, Anglesey		(999-yearlease)
	19November 1999	St Efiyw's, Llanefieu, Powys		(999-yearlease)
	19November 1999	St Beuno's, Penmorfa, Gwynedd		(999-yearlease)
	10August 2000	St David's, Manordeifi, Pernbrokeshlre		(999-yearlease)
	17December 2000	Chapel, Hodgeston, Pernbrokeshire		(999-yearlease)
	01December 2002	St Cynhaearn's, Ynyscynhaearn, Gwynedd		(999-yearlease)
	01December 2002	St Mark's, Brithdir, Gwynedd		(999yearlease)
	01December 2002	St Mary' s, Derwen, Denbighshire		(999yearlease)
	01December 2002	St Eloi's, Llandeloy, Pembrokeshlre		(999yearlease)
	01January 2005	St Brothen's, Uanfrothen, Gwynedd		(999-yearlease)
	10June 2005	St Peulan's, Uanbeulan, Anglesey		(999-yearlease)
	10June 2005	St Decuman's, Rhoscrowther, Pembrokeshire		(999-yearlease)
	24 April 2006	StOudoceus's, Llandawke, Carmarthenshire		(999-yearlease)
	01February 2007	St Migael's, Uanflgael, Anglesey		(999-yearlease)
	30July 2008	St Michael's, Llantlhangel Rogiet, Monmouthshire		(999-yearlease)
	14May 2009	St Mary' s, Penfiech, Gwynedd		(999-yearlease)
	01December 2013	St Michael's, Tremain, Ceredigion		(999-yearlease)
	24June 2016	St Michael & Afi Angels, Castlemartin,	Pembrokeshire	(999-yearlease)
	27October 2017	St Michael &.Afi Angels, Gwernesney,	Monmouthshire	(999-yearlease)
	27October 2017	St Dogfael's, Meline, Pembrokeshire		(999-yearlease)
	13August 2018	St Jerome's, Uangwm Uchaf, Monmouthshire		(999-yearlease)
	13August 2018	StAnno's, Llananno, Powys		(999-yearlease)
	10March 2021	St Phifip's, Caerdeon, Gwynedd		(999-yearlease)