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|Contents|Pages|
|---|---|
|Legalandadmthistrative information|1|
|Reportofthetrustees|2<br>— 3|
|Statementof trustees’responsibilities|4|
|Independentauditors’report|5- 7|
|Statementoffinancialactivities|8|
|Balancesheet|9|
|Notestothefinancialstatements|1 0— 13|





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|Statement offinancialacti<br>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|









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|2|Charitableactivities|Charitableactivities|||||
|---|---|---|---|---|---|---|
|||Staffcosts|Support|Other|2020|2019|
|||£|costs|costs|£|£|
||||£|£|||
|Training||47,363|8,364|41,730|97,457|133,984|



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||2020|2019|
|---|---|---|
||£|£|
|Officecosts|8,364|11,369|
|3<br>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<br>followingrangeswas:|2020<br>Nwnber|2019<br>Number|
|£10,001to £20,000|1*|1*|
|£20,001 to £30,000|1*|1*|
|Total|2*|2*|





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|4<br>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 <br>investments:|5% ofthe total market v|alue of quote|
|---|---|---|
||2020|2019|
|PresbyterianChurchofWalesSegregatedFund|100%|100%|
||2020|2019|
||£|£|
|Investmentincome|||
|PresbyterianChurch ofWalesSegregatedFund|9,507|14,378|



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|5<br>|Debtors|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||£|£|
|Amounts|owedbythe|PresbyterianChurch|ofWales|44,460|167,239|
|||||44,460|167,239|





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