| Contents | Pages |
|---|---|
| Legalandadmthistrative information | 1 |
| Reportofthetrustees | 2 — 3 |
| Statementof trustees’responsibilities | 4 |
| Independentauditors’report | 5- 7 |
| Statementoffinancialactivities | 8 |
| Balancesheet | 9 |
| Notestothefinancialstatements | 1 0— 13 |
| Statement offinancialacti 31December 2020 |
vitiesfor | the yeare | nded |
|---|---|---|---|
| Note | 2020 | 2019 | |
| £ | £ | ||
| Income from: | |||
| Investmentincome | 4 | 9,507 | 14,378 |
| Grantfrom PresbyterianChurch ofWales | 84,953 | 152,861 | |
| Donations andotherincome | 18,457 | 154 | |
| Total | 112,917 | 167,393 | |
| Expenditureon: | |||
| Charitableactivities | 2 | 97,457 | 133,984 |
| Total | 97,457 | 133,984 | |
| NetIncome | 15,460 | 33,409 | |
| Other recognisedgainsandlosses: | |||
| Net (losses)/ gainson investments | 4 | (32,059) | 35,415 |
| Netmovementinfunds | (16,599) | 68,824 | |
| Reconciliationoffunds: | |||
| Totalfundsbroughtforward | 723,268 | 654,444 | |
| Totalfundscarriedforward | 706,669 | 723,268 |
| 2 | Charitableactivities | Charitableactivities | ||||
|---|---|---|---|---|---|---|
| Staffcosts | Support | Other | 2020 | 2019 | ||
| £ | costs | costs | £ | £ | ||
| £ | £ | |||||
| Training | 47,363 | 8,364 | 41,730 | 97,457 | 133,984 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Officecosts | 8,364 | 11,369 |
| 3 Staffcosts |
||
| 2020 | 2019 | |
| £ | £ | |
| Wagesandsalaries | 42,878 | 41,308 |
| Socialsectiritycosts | 4,485 | 4,257 |
| 47,363 | 45,565 | |
| The averagenumberofemployeesduringtheperiodwas: | 2 | 2 |
| No employees received remuneration of more than £60,000 | ||
| (2019: nil) | ||
| Thenumberofemployeeswhoreceivedemolumentsinthe followingrangeswas: |
2020 Nwnber |
2019 Number |
| £10,001to £20,000 | 1* | 1* |
| £20,001 to £30,000 | 1* | 1* |
| Total | 2* | 2* |
| 4 Investments |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Quotedinvestments | ||
| Marketvalueat 1January | 369,152 | 333,737 |
| Net(losses)/ gainsoninvestments | (32,059) | 35,415 |
| Marketvalueat 31 December | 337,093 | 369,152 |
| Costat 31December | 267,002 | 281,414 |
| UKinvestments | ||
| PresbyterianChurchofWalesSegregatedfund | 337,093 | 369,152 |
| The following represent investments valued at greater than investments: |
5% ofthe total market v | alue of quote |
|---|---|---|
| 2020 | 2019 | |
| PresbyterianChurchofWalesSegregatedFund | 100% | 100% |
| 2020 | 2019 | |
| £ | £ | |
| Investmentincome | ||
| PresbyterianChurch ofWalesSegregatedFund | 9,507 | 14,378 |
| 5 |
Debtors | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| £ | £ | ||||
| Amounts | owedbythe | PresbyterianChurch | ofWales | 44,460 | 167,239 |
| 44,460 | 167,239 |