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2021-12-31-accounts

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff

Annual Report and Financial Statements for the Year Ended 31 December 2021

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Contents

Introduction 1-3
Trustees' Report 4-11
Independent Auditors' Report 12-14
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the Financial Statements 18-27

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

REFERENCE AND ADMINISTRATIVE DETAILS

INTRODUCTION

The Cathedral is the seat of the Bishop and the Mother Church of the Diocese and serves as the Parish Church for the Parish of Llandaff.

The Dean also serves as the Incumbent of the Parish, in which role he is assisted by the Cathedral Clergy.

The Cathedral is located in Llandaff, Cardiff, CF5 2LA.

The Cathedral was registered as a charity with the Charity Commission on 6th November 2014 and has the charity number of 1159090.

Dean The Very Reverend Gerwyn Capon Canon Precentor Canon Mark Preece Canon Chancellor Canon Jan Van der Lely

In the stall of Fairwell Canon Steven Kirk In the stall of St Andrew Canon Gerard Elias, Vice Chair of Chapter In the stall of Llangwm Canon Paul Bennett In the stall of St Dyfrig (Dubritius) Canon Ceri Weatherall In the stall of Canon Treasurer Mr Richard Bacon (co-opted until 31[st] May 2021), Canon Rob Lewis from 1[st] June 2021 Archdeacon of Llandaff The Venerable Peggy Jackson (appointed 28[th] July 2020, retired 31[st] July 2021) Archdeacon of Margam The Venerable Michael Komor (appointed 2[nd] August 2021)

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

THE LLANDAFF CATHEDRAL COMMUNITY COUNCIL (formerly The Parochial Church Council of Llandaff until May 2021)

The Clergy: Dean & Vicar The Very Reverend Gerwyn Capon Canons Residentiary: The Chancellor Reverend Canon Dr Jan van der Lely The Precentor Reverend Canon Mark Preece

Churchwardens:

John Kenyon Ian Macdonald

Secretary: Sian Roberts Elected Lay Members: Mark Edwards Richard Inkin Ben Jenkins Tanya Johnson Ian Macdonald Mary Madsen Anthony Olavesen Anne Lambert Rogers Ben Staniforth Judith Thompson

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

BANKERS AND PROFESSIONAL ADVISORS

Bankers NatWest Bank PLC Canton Branch 277 Cowbridge Road East Cardiff CF5 1WX Auditors and Accountants Graham Paul Chartered Accountants Wilson House Cardiff Gate Business Park 5 Ashtree Court, Woodsy Close Cardiff CF23 8RW Brian G Scott FCA Architect Dittrich Hudson Vasetti Studios 12-13 9 Bath Buildings Montpelier Bristol BS6 5PT Izaak Hudson Property Advisors Crofts Davies & Co 259 Heathwood Road Llanishen Cardiff CF14 4HS Jonathan Crofts Davies

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

The Trustees Annual Report for the year ended 31 December 2021

Aim and purpose

Dean and Chapter as a body of trustees is responsible for the mission of the Church in Wales at the Cathedral: pastoral, social and ecumenical.

Objectives and activities

We commit ourselves to reviewing our aims, objectives and activities each year. This review looks at what we have achieved and the outcomes of our work in the previous twelve months. The review also helps us to ensure our aims and activities remain focused on our stated objectives. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities, in particular the specific guidance on charities for the advancement of religion. This ensures that we continue our purpose of encouraging the beliefs, tenets and practices of Christianity, by seeking new followers and by encouraging and facilitating the practice of the Christian Faith by existing followers or adherents.

Encouraging and facilitating the practice of the Christian Faith by the Cathedral includes the following:

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Aim and purpose

Objectives and activities (continued)

In addition to the above, Christian devotional acts and outreach work is carried out including:

Achievements and performance

Activities in the year

For the majority of the year, activities in the Cathedral were severely restricted by the COVID19 pandemic. Wherever possible, the Cathedral was open, sometimes just for prayer but also for services, in a COVID-safe manner. Chapter is grateful to all those members of the Cathedral community who volunteered to support keeping the Cathedral open, in welcoming, stewarding and cleaning.

From September 2021, Chapter was able to reintroduce a fuller programme of services and events, and this was sustained until Christmas when the omicron outbreak took hold. At the time of writing services in person are being held three times on Sundays and twice during the week. Ordination, wedding, baptism and confirmation services were also able to be held.

Chapter has regularly received news of members of the congregation who have been affected by the pandemic, and prayers have been said daily in the Cathedral for them. Chapter would like to extend our sincere condolences and sympathy for those who have faced serious illness or have been bereaved in this time.

The Cathedral Choirs, a central part of the life and ministry of the Cathedral, were seriously constrained in their ability to operate. We are grateful to the Director of Music and Cathedral musicians who were able to bring music to our worship in different ways and with a variety of choral forces throughout the year, particularly at Christmas.

The most exciting and significant change in the life of the Cathedral in 2021 was the bringing of the girls choir under the direction of the Cathedral, starting in September. This was enabled through a renegotiation of the formal relationship between the Cathedral and the School, covering the provision of choristers and the lease of the school site. Aaron Shilson joined the Cathedral as Assistant Director of Music to work with Stephen Moore to lead our choirs, choral worship and the musical life of the Cathedral.

Our Sunday School leaders, ably coordinated by Ged Bates, continued to provide excellent provision for our young people, in person in the Autumn and otherwise online, with extraordinarily creative work submitted each week.

We continued to improve and develop the live-streaming of services and other events, a development which has received much positive feedback. The Canon Chancellor provided a thought for the day throughout the difficult days of January 2021, and then a thought for the

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

week every week for the remainder of the year. Two services on a Sunday have regularly been streamed, with a number of special services also broadcast. A number of weddings, funerals and carol services were also streamed on request. Chapter is immensely grateful to Chris Preece and his team of helpers for all their work on this front.

The new part-time events administrators, Kristina Hillebert and Olivia Gomez, joined us in November and January 2022. The Church administration system, Churchsuite, has been implemented and plans are well advanced for the first Llandaff Cathedral Festival in July 2022.

Fabric and Estates

Canon Steven Kirk chaired the Chapter Fabric Committee throughout 2021, and oversaw a broad range of issues requiring attention, as well as some longer-term projects.

The project to restore the 15[th] century Bishop Marshall Panel was completed in May 2021 after a six-year-long restoration.

The Architect completed his Quinquennial review in 2021 and presented his report to Chapter in June. Although the Cathedral is in relatively sound condition following the rebuilding of the Cathedral after the Second World War, inevitably all elements need routine and programmed maintenance.

The Cathedral is typically a warm place because of the underfloor heating installed in the 1950s, but the gas boilers are well beyond their useful life. During 2021 preparations were made for the design of a new system and contracting for the necessary work. This is a complex project with substantial risk. Asbestos needs to be removed, we need to inspect a sample of the copper pipe work under the Cathedral floor. An energy review completed earlier in the year made recommendations for a more sustainable system.

Chapter hopes to make progress with a new system starting in the summer of 2022, although it is likely that the work will be phased, depending the design of the new system.

Financial review

During the pandemic, we have been particularly grateful to those who have continued, and indeed started, to give regularly to the Cathedral. Without this support, it would have been so much more difficult to continue the Cathedral’s ministry.

The Cathedral is also dependent to a certain extent on giving through the plate at services and on the use of the Cathedral for concerts and other external events, including special services. Much of this income was significantly curtailed, replaced in part by new forms of giving online, and through a new cashless facility at the Cathedral West Door.

The Diocese provided much-needed support financially and rebated our Parish Share by £55,076 (2019: £41,374).

Chapter bid for funding from the Welsh Government’s Cultural Recovery Scheme in 2020 and was awarded £150,000 against specific costs through to the end of March 2021. £100,400 was spent from this grant in 2020 with the balance offsetting the additional costs of reopening in 2021.

Following a review of funding by Cathedrals by the Church in Wales, further funding for administration was provided in 2021 of £30,000 which rises to £53,000 in 2022. We are grateful to the Church for this additional support and to all those involved in the review.

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

As described above, the renegotiation of the lease with the School for the school site was completed. This transfers the work of leading the girls choir to the Cathedral and the associated resources. It will result in the equalisation of the workload of boy and girl choristers and their school scholarships.

The overall position on unrestricted funds for 2021 was, despite a sharp drop income, was a surplus:

us:
Total Income
Total expenditure
Net surplus/(deficit) before revaluations		 Unrestricted
Funds
Unrestricted
Funds
2021
2020
£
£
465,413
452,952
(464,816)
(357,589)
597
95,363

Both 2020 and 2021 were heavily supported by Government and Church in Wales support as our income was significantly depleted.

The Diocese and the Church in Wales provided substantial COVID-related funds of £55,076 which we cannot expect to recur. In addition we received £47,338 from the legacy of Jane Gutteridge. Having considered the needs of the Cathedral in the coming years, these amounts have been added to the designated fund for the maintenance of Cathedral properties, with a view to funding projects which are either required following the pandemic or which contribute significantly to the sustainability of Cathedral property, including: redecorating and addressing the safety of heating in the Parish Hall, replacing all bulbs and associated fittings in Prebendal House, relighting the Shop, roof repairs to the Cathedral, examining the Tripytch following the pandemic and a feasibility study on replacement of the Cathedral heating system.

The investment properties have been revalued at the year end. This revaluation reflects the wider economic and property environment, with any resulting gains and losses outside of the Chapter's control. Any such gains and losses would only be realised if the Charity sold any of the investment properties. Over 2021 the Charity recorded a gain on revaluation on unrestricted funds amounting to £439,210 (2020: £318,228).

On restricted funds the Cathedral realised a deficit before gains and losses on investments of £22,709 (2020: surplus of £78,414), as we spent down grants received during the pandemic.

Full details of the assets and liabilities of the Cathedral are outlined in the Balance Sheet. Total unrestricted funds carried forward at the year-end amounted to £6,929,693 (2020: £6,348,888). Total funds amounted to £7,181,473 (2020: £6,647,447).

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Structure, governance and management

The Cathedral and Parish of Llandaff is part of the Diocese of Llandaff within the Church in Wales. The Church in Wales is a Province within the Anglican Communion and, as such, exists to advance the Christian Religion through world-wide mission. The objective of the Chapter is to ensure that the life and work of the Church within the Parish helps to fulfil that mission, both locally and more widely, by enabling as many people as possible to worship at the Cathedral and to become part of the Cathedral Parish of Llandaff.

The Dean of Llandaff was unwell during 2021. Dean and Chapter continued to carry out its responsibilities under the recent 2019 Constitution, under the chairmanship of the Vice Chair of Chapter, Gerard Elias.

During 2021, the Diocese of Llandaff completed its initiation of new Ministry Areas. The Cathedral forms a Ministry Area itself. As part of this process, the Parish Church Council redesignated itself as the Llandaff Cathedral Community Council (LCCC) to indicate its increasingly important role in the ministry of the Cathedral and Ministry Area.

The Chapter and the LCCC are not bodies corporate, their composition, procedure and powers being regulated by the Constitution of the Church in Wales as amended from time to time by its Governing Body set up under Section 13(1) of the Welsh Churches Act 1914 and the Constitution of the Cathedral adopted on 19 June 2019. Members of the Chapter are appointed by the Bishop.

Elections to the LCCC are held at an Annual Vestry Meeting which was held on 27 April 2021. All persons whose names are entered on the Electoral Roll are entitled to vote and stand for election. Before assuming office, every member of the Council publicly makes a declaration that he or she will be bound by the Constitution. Chapter has charged the Council to support the work of Chapter and build up the community life of the Cathedral.

The Cathedral services and worship put faith into practice through prayer and scripture, music

and sacrament.

The Representative Body of the Church in Wales holds the land and property of the Church in Wales including Llandaff Cathedral and other church buildings, including the churchyard, the other properties owned by the Cathedral and their contents. The Representative Body is an exempt Charity and was set up under section 13(2) of the Welsh Churches Act 1914. It acts on behalf of the Province in paying the stipends of the full-time clergy and administers the Church in Wales scheme of covenanted and gift aided giving recovering tax on behalf of the parishes. The salaries of Cathedral employees are paid by the Dean and Chapter.

Risk review

The members of Chapter acknowledge their responsibility as Trustees to identify, assess and manage risks.

The Finance Committee made up of members of Chapter and other individuals with suitable skills meets regularly to monitor the financial position and to identify and assess risks. A risk register is maintained, regularly reviewed and updated and is submitted for consideration at Chapter meetings.

All major financial risks have been identified and steps taken to alleviate these as far as is possible. The major risk is the possible inability to maintain a sufficient level of voluntary giving

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

and fundraising to enable the Cathedral to continue to meet its aim and purpose. This is being addressed by efforts to increase the regular giving by worshippers at the Cathedral.

Chapter approved an updated Safeguarding Policy in 2020, presented by Kate Bates the Cathedral Safeguarding Officer. Canon Ceri Weatherall is the Safeguarding Trustee.

The fabric of the Cathedral is monitored by the Cathedral Architect.

The finances are controlled by the preparation of an annual budget and the monitoring of income and expenditure against this budget in monthly accounts which are submitted to meetings of the Finance Committee and to Chapter.

Organisational structure

All members of the Cathedral Chapter are the Trustees of the Charity. The Chapter is responsible inter alia for promoting the mission of the Cathedral, the parochial budget and all expenditure there-under, the care and maintenance of the churchyard and the other properties owned by the Cathedral, and for action on any other matter referred to it in accordance with the Constitution.

The LCCC is chosen from the Congregation, its members being elected annually at the Easter Vestry meeting, by members of the Cathedral on the Electoral Roll. The People's Churchwarden (elected by members at the annual Easter Vestry) and the Vicar's Churchwarden (appointed by the Incumbent) are ex officio members of the LCCC, together with all clergy licensed to the parish of Llandaff.

The LCCC is the normal channel of communication between parishioners, the Chapter and the Bishop of the Diocese. All new members are provided with a summary of their responsibilities, and additional training is available if required.

Chapter and LCCC intend to continue working together closely, to improve the Cathedral’s effectiveness in carrying out its shared objectives.

Staff and Volunteers

Staff are appointed by Dean and Chapter to specific roles within the Cathedral and Parish. Remuneration is set by the Trustees on an annual basis. During 2021, a new post of Assistant Director of Music was established, and Aaron Shilson appointed to the role. Two new parttime external-facing Events Administration roles were created: Kristina Hillebert and Olivia Gomez were appointed. The Trustees are very grateful to the staff for their contribution to the efficient running of the Cathedral.

In addition to the employees, the Cathedral relies on the significant contribution of a large number of volunteers. Without these volunteers, many of the activities and services undertaken in the Cathedral would be greatly diminished and the Trustees would like to thank everyone who contributes in any way, whether large or small, in helping the Cathedral to fulfil its mission.

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Committee structure

Since the new constitution was brought into effect in June 2019, Chapter has established the following committees:

Each has terms of reference approved by Chapter, and minutes are reviewed and approved by Chapter. A staffing working group has dealt with issues as they have arisen.

Reserves policy

The Dean and Chapter have established a policy whereby the net current assets on unrestricted funds should be retained at a level of between 6 months and one year of resources expended. This is considered to be an appropriate level to meet any unexpected costs of significant reductions in short-term income. The Charity is currently operating within these parameters.

Investment policy

The Representative Body of the Church in Wales handles most of the investments; in addition, funds are also invested with specialist trusts designed for the charity sector. Chapter regularly monitors the levels of the bank balances and the interest rates received to ensure that the Cathedral obtains the maximum value and income from its banking arrangements.

Endowment and restricted funds

These can only be used for the purposes for which the funds were given. The Cathedral has several such funds, details of which are set out in note 11 of the accounts.

Designated funds

The Trustees can designate some of the unrestricted funds for a particular purpose. These funds remain part of the unrestricted funds. The Cathedral has one designated fund, for Fabric and Property, details of which are set out in note 11 of the accounts. This fund is the balance of the proceeds from the sale of the Memorial Hall, and is used to fund a range of projects relating to the Cathedral and its properties.

Future plans

Chapter is developing a strategy which will allow significant development for the Cathedral and its amenities, in order better to fulfil its mission as the Cathedral in the capital city of Wales. In addition to this, there will be a focus on good governance, and on the efficiency of day-today operations with the aim of controlling costs and improving income so that the Cathedral is on a sound financial footing.

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

The Dean and Chapter's responsibilities

The Dean and Chapter of the Cathedral Parish of Llandaff are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Trustees are required by the law applicable to charities in England and Wales to prepare financial statements for each financial year which give a true and fair view of the charity's state of affairs and its incoming resources and application of resource for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

In so far as the Trustees are aware:

Signed by order of the Trustees on 14 June 2022

Canon Rob Lewis, Canon Treasurer and Trustee

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Independent Auditors' Report for the year ended 31 December 2021 to the Trustees of The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff

We have audited the financial statements of The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 31 December 2021, and of its incoming resources and application of resources, for the year then ended;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect

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Tho Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090 a maerial misstatement when it exFsts. M￿￿tateMents can arise from fraud or error and are considered material if. individualty or in the aggregate, they could reasonably be expected to inlluence the econ(nic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are inslances of non-complian￿ la4VS and regulations. We design Proc￿lureS in line wth our resFKJnsibilib"es. outlined atove, to detect material misstatements in reS￿t of Irregularit￿S. induding fraud. The s￿[fiC procedures for this engagement and the extent to which these are capable of detecting irregularities. including fraud is detailed below.. An asses$ment of the risk ofthe finanryal Stat￿n￿ts containing material misstatements was ￿rried out, taking into account various factors such as the control systems in place, the standard of record keeping. and an assessment of the influence and role of the stskehdders involved. Suitable tran￿tion testirvJ was m high ri$k areas of the finar￿ra1 statements Enquiries were made of the trustees and key management for infomiation and explanations as required during the course of the audit and contentious areas challenged to ensure that sufficient audit eviden￿ was obtained. Because of the inherent limitatkons of an aLMJtL there is a ri%k that we will not detect all irregularilies, including those leading lo a material misstatement in the financial statements or non-compliance Nmth regulatic￿. This risk increases the more that Complian￿ wth a law or regulation is removed trom the events and transactions rellected in the financial statements, as we will be less likely lo beC￿e aware of instances of non-compliance. The risk is also greater regarding irregulaftbes ￿¢umng due to fraud rher than error, as fraud invofves intentional Con￿alment, forgery, collusN)n, omisgion or misrepresentalion. A further des(￿ptiOn of our resF)nsibilities for the audit of the financial statements is I￿￿ted on the Financial Reporb'ng Councifs website at V￿M.frc.org.uklaUdrt0rsresPOnsIblFItieS. This descripts'on fomis part of our au(*"torfs re￿rL Use of our report This report is made solely to the chartty's trustees, as a bxly. in ￿cOrdanCe wth Part 4 of the Charrties {Accounts and ReFxKtsI ReguL3tKTrns 21XSB. Our audrt work has been undertaken so that we might slate to the charity's trustees those matters we are required lo state to them in an auditorfs report and foi no other purwse. To the fvllest extent permitted by law, we do not accept or assume resp￿sIbility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this reporL or for the opinions we have formed. Graham Paul Limited (Stalutory Auditor} Wilson House Cardiff Gate Business Park 5 Ashtree CouTi Woodsy Close Cardiff CF23 8RW Ikt 20'1L 14

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Statement of Financial Activities for the year ended 31 December 2021 (Including Income and Expenditure Account)

Notes
Income
2
Donations and legacies
Other trading activities
Income from investments
Income from charitable activities
Other income
Total income
Expenditure
3
Expenditure on raising funds
Expenditure on charitable activities
Other expenditure
Total expenditure
Net incoming/(outgoing) resources
before gains and losses on investments
11
Net gains and losses on investments
Profits on revaluation of investment
properties
11
(Losses)/gains on investment assets
11
Loss on disposal of fixed asset
Net income and expenditure for the year
Transfers between funds
Net movement in funds
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted Funds
Restricted
Funds
Endowments
2021
Total
2020
Total
General
Designated
£
£
£
£
£
£
221,338
47,338
49,958
-
318,634
274,119
7,612
-
-
-
7,612
4,380
68,000
-
-
74
68,074
55,846
125,645
55,076
16,674
-
197,395
331,967
42,818
-
-
-
42,818
21,602
465,413
102,414
66,632
74
634,533
687,914
7,742
-
-
-
7,742
7,954
454,371
-
85,611
2,708
542,690
496,487
2,703
-
3,730
-
6,433
9,696
464,816
-
89,341
2,708
556,865
514,137
597
102,414
(22,709)
(2,634)
77,668
173,777
439,210
-
-
-
439,210
318,228
-
-
6,623
10,525
17,148
8,232
-
-
-
-
-
-
439,807
102,414
(16,086)
7,891
534,026
500,237
38,584
-
(33,984)
(4,600)
0
-
478,391
102,414
(50,070)
3,291
534,026
500,237
6,325,308
23,580
200,230
98,329
6,647,447
6,147,210
6,803,699
125,994
150,160
101,620
7,181,473
6,647,447

15

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Balance Sheet as at 31 December 2021

Notes
Fixed assets
Tangible assets
6
Freehold properties
Conservation funds
Other
7
Total fixed assets
Current assets
Stocks
Debtors
8
Cash at bank and in hand:
Music/organ fund
Other restricted funds
Other funds
Total current assets
Creditors: amounts falling due within
one year
9
Net current assets
Total assets less current liabilities
Creditors: amounts falling due in
more than one year
9
Net assets
Charitable funds:
General
11
Designated
11
Restricted
11
Endowment funds:
Conservation funds
11
Other funds
11
Total funds		 Unrestricted Funds
Restricted
Funds
Endowments
2021
Total Funds
2020
Total Funds
General
Designated
£
£
£
£
£
£
1,399,722
-
40,103
-
1,439,825
1,448,967
5,061,034
-
-
-
5,061,034
4,621,824
-
-
-
22,285
22,285
23,508
-
-
52,122
79,335
131,457
120,320
5,061,034
-
52,122
101,620
5,214,776
4,765,652
6,460,756
-
92,225
101,620
6,654,601
6,214,619
4,975
-
-
-
4,975
6,113
53,123
-
4,400
-
57,523
37,434
-
-
6,959
-
6,959
10,318
-
-
46,576
-
46,576
100,575
304,277
193,738
-
-
498,015
377,901
362,375
193,738
57,935
-
614,048
532,341
(19,432)
-
-
-
(19,432)
(26,558)
342,943
193,738
57,935
-
594,616
505,783
6,803,699
193,738
150,160
101,620
7,249,217
6,720,402
-
(67,744)
-
-
(67,744)
(72,955)
6,803,699
125,994
150,160
101,620
7,181,473
6,647,447
6,803,699
-
-
-
6,803,699
6,325,308
-
125,994
-
-
125,994
23,580
-
-
150,160
-
150,160
200,230
-
-
-
22,285
22,285
23,508
-
-
-
79,335
79,335
74,821
6,803,699
125,994
150,160
101,620
7,181,473
6,647,447

Approved by Dean and Chapter on 14 June 2022 and signed on its behalf by

Canon Rob Lewis, Canon Treasurer and Trustee

16

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Statement of Cash Flows for the year ended 31 December 2021

Notes
Cash generated/(used) in operating activities
12
Cash flows from investing activities
Income from investments and investment properties
Purchase of equipment
Cash provided by investing activities
Cash flows from financing activities
Repayment of borrowing
Cash outflow from finance activities
Increase/(decrease)in cash and cash equivalents in the year
Cash and cash equivalent at the beginning of the year
Total cash and cash equivalents at the end of the year		 2021
Total
2020
Total
£
£
20,609
123,485
68,074
55,846
(20,714)
(37,061)
47,360
18,785
(5,212)
(5,212)
(5,212)
(5,212)
62,757
137,058
488,793
351,735
551,550
488,793

17

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Notes to the Financial Statements

1. Accounting Policies

Basis of accounting

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 July 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Dean and Chapter of Llandaff constitutes a public benefit entity as defined by FRS 102.

Going Concern

Dean and Chapter approved a cash-balanced budget for 2022. The key assumptions were that giving would return over the year to the level of regular giving at the beginning of 2021, at planned levels of staff cost, and with no further effect of COVID on the opening of the Cathedral.

In preparing these accounts, Dean and Chapter approved a cashflow forecast to 31 December 2023, on a series of plausible but pessimistic assumptions:

although Chapter is confident that the Cathedral will surpass each of the assumptions made. On this basis, the cash reserves fall to a point between 3 and 6 months of turnover, a level outside the reserves policy but well in excess of what is required to continue to operate.

The only significant remaining risk is that giving falls substantially. We continue to be grateful to all those who commit to regular giving, and although there was a fall in other giving because of the lack of services, regular giving is largely unaffected, and we have no reason to expect it to fall significantly further.

On this basis the trustees concluded that there are no plausible risks which would render the Cathedral unable to continue to operate for at least the next 12 months and therefore prepared the financial statements on a going concern basis.

Key sources of estimation uncertainty

In preparing the accounts, the Dean and Chapter have considered whether there are any areas of estimation uncertainty. In this process they have made estimates of the length of life of tangible fixed assets, together with the value of investment properties which is based on independent valuation.

Funds structure

The Charity has several endowment funds. The income from these funds is to be used in accordance with specific restrictions imposed by the donor or trust deed.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.

18

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Unrestricted income funds comprise those funds which the Dean and Chapter are free to use for any purpose in furtherance of the objectives of the charitable objects. Unrestricted funds include designated funds where the Dean and Chapter, at their discretion, have created a fund for a specific purpose.

Further details of each fund are disclosed in note 11.

Income recognition

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including governance costs are allocated or apportioned to the applicable expenditure headings.

19

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

Tangible fixed assets and depreciation

All assets costing more than £5,000 are capitalised and valued at historical cost. Depreciation is charged on a straight-line basis as follows:

n a straight-line basis as follows:
Audio-visual equipment 4 years
Office Equipment 5 years
Song Room Piano 20 years
Piano 20 years
Organ 100 years

Heritage assets

The Cathedral holds artwork and artefacts that are held and maintained for their contribution to knowledge and culture. These assets are regarded as heritage assets and are recorded at cost where information on their cost is available. If this information is not available and the cost of providing such information significantly outweighs any benefit to the users of the financial statements then heritage assets are not recognised in the balance sheet.

Investment properties

Investment properties are initially recognised at cost and subsequently measured at fair value as at the balance sheet date. The properties are revalued annually. The fair value is independently valued based on market value of comparable properties or the market value of rental income as relevant to each individual property. The surplus on revaluation is reflected in total unrestricted funds as recognised gains in the period. No depreciation is provided in respect of investment properties. The Trustees consider that the properties are held for investment and to depreciate them would not give a true and fair view.

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Cash

The Charity defines cash as those amounts held as cash or at a recognised financial institution at the year end.

Financial Instruments

Fixed asset investments and cash represent the financial instruments held by the Charity at the year end and are accounted as detailed separately above.

Pensions

Employees of the Charity are entitled to join a group personal pension scheme.

20

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

The money purchase plan is managed by The People's Pension and the plan invests the contributions made by the employee and employer in an investment fund for each employee to build up over the term of the plan. The Dean and Chapter has no liability beyond making its contributions and paying across the deductions for the employee's contributions.

Stock

Stocks of unsold shop goods are included at the lower of cost or net realisable value.

Operating lease agreements

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Related party transactions and trustees' remuneration, expenses and benefits

The trustees are required under section 8(5) of The Charities (Accounts and Reports) Regulations 2008 to prepare the statement of accounts in accordance with the Charities SORP, which requires trustees to disclose certain information about the remuneration and other benefits received by trustees. The Charities SORP states that all transactions with a trustee must be regarded as material regardless of size.

As to remuneration, none of the trustees received any remuneration from the charity in 2021. The Dean and Canons Residentiary are ecclesiastical office holders remunerated by the Church in Wales.

The Church in Wales sets out the rules under which clergy can claim for expenses of their office. In 2021 the clergy claimed £5,317 (2020: £3,211) in utility costs which they are specifically entitled to under the Church in Wales rules in respect of their office, and were reimbursed £890 (2020: £1,065) for equipment and consumables used in the Cathedral itself, from budgets approved by Chapter.

The trustees disclosed in the 2020 accounts that they were investigating unapproved expenditure of £35,551 which they had reported to the Charity Commission and for which they were seeking restitution. At the date of approval of these accounts, amounts totalling £34,460 had been recovered, including a contribution to the trustees' costs incurred during 2020 and 2021. These amounts are included in the charity's accounting records for 2022.

21

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

2. Incoming resources

.Incoming resources
Donations and legacies
Gift direct
Envelopes
Plate
CAF and Bankers’ Orders
Legacies
Votive candles
Weddings, funerals, baptisms
Tax recoverable under gift aid
Friends of Llandaff Cathedral
Special services
Charity collections
Other donations
Other trading activities
Cathedral shop
Income from investment
properties
Income from investments
Income from cash deposits
Grants and fundraising:
Diocesan contribution
Diocesan COVID
Allchurches Trust
Friends of Cathedral Music
Coronavirus Job Retention
Scheme
Welsh Government Culture
Recovery Grant
Other grants
Other fundraising
Income from groups:
The Flower Guild
The Choir Association
The Guild of Bell Ringers
The Guild of Stewards
Other income
Facility fees
Parish Hall
The Bell/Majestas
Sundry
Total income		 Unrestricted Funds
Restricted
Funds
Endowment
Funds
2021
Total
2020
Total
General
Designated
£
£
£
£
£
£
113,694
-
-
-
113,694
124,518
23,416
-
-
-
23,416
19,235
17,674
-
-
-
17,674
10,309
120
-
-
-
120
370
-
47,338
-
-
47,338
-
766
-
-
-
766
220
15,891
-
2,254
-
18,145
10,959
37,569
-
-
-
37,569
36,125
-
-
46,923
-
46,923
53,156
-
-
-
-
-
2,710
-
-
731
-
731
2,398
12,208
-
50
-
12,258
14,119
221,338
47,338
49,958
-
318,634
274,119
7,612
-
-
-
7,612
4,380
7,612
-
-
-
7,612
4,380
66,850
-
-
-
66,850
54,440
1,130
-
-
74
1,204
1,406
20
-
-
-
20
-
68,000
-
-
74
68,074
55,846
60,000
-
-
-
60,000
80,000
-
22,064
-
-
-
22,064
28,364
-
-
-
-
-
6,700
8,781
55,076
-
-
63,857
58,285
-
-
-
-
-
150,000
34,680
-
10,314
-
44,994
3,143
120
-
5,000
-
5,120
-
-
-
180
-
180
2,082
-
-
1,044
-
1,044
856
-
-
136
-
136
257
-
-
-
-
-
2,280
125,645
55,076
16,674
-
197,395
331,967
19,592
-
-
-
19,592
2,678
23,192
-
-
-
23,192
10,595
-
-
-
-
-
750
34
-
-
-
34
7,579
42,818
-
-
-
42,818
21,602
464,816
102,414
66,632
74
634,533
687,914

22

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

3. Resources expended

Unrestricted Funds Unrestricted Funds Restricted Endowment 2021 2020
Funds Funds Total Total
General Designated
£ £ £ £ £ £
Expenditure on raising funds
Performing Rights Society - - - - - -
Shop 3,385 - - - 3,385 3,790
Investment management costs 4,357 - - - 4,357 4,164
7,742 - - - 7,742 7,954
Expenditure on Charitable activities
The Parish Share 167,432 - - - 167,432 124,122
Salaries 76,171 - 38,409 - 114,580 159,944
Other Cathedral Choir pay costs 21,673 - - - 21,673 8,307
Recruitment costs 2,620 - - - 2,620 -
Clergy and employee expenses 5,625 - - - 5,625 10,192
Utilities 56,103 - - - 56,103 54,428
Office supplies 14,915 - - - 14,915 10,168
Repairs and maintenance 15,938 - 28,597 2,708 47,243 55,762
Investmt property repairs 11,402 - - - 11,402 4,396
Sanctuary costs 1,730 - - - 1,730 2,861
Professional fees 29,601 - - - 29,601 7,237
Funerals, weddings and services 4,554 - - - 4,554 1,808
Audit and accountancy fees 19,288 - - - 19,288 6,794
Sunday school - - - 125
Parish Hall 1,684 - - - 1,684 3,267
Publications - - - - - -
Recording - - - - - -
Sundry 8,293 - 6,092 - 14,385 19,799
Depreciation 17,342 - 12,513 - 29,855 27,277
454,371 - 85,611 2,708 542,690 496,487
Other expenditure
Charity donations 514 - - - 514 2,552
Interest on loan from RB 2,189 - - - 2,189 2,345
Expenditure by groups:
The Flower Guild - - 996 - 996 809
The Guild of Bell Ringers - - 1,456 - 1,456 920
The Guild of Stewards - - - - - 1,680
The Choir Association - - 1,278 - 1,278 1,390
2,703 - 3,730 - 6,433 9,696
Total Expenditure 466,138 - 89,341 2,708 556,865 514,137

23

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

4. Staff Costs

Gross salaries
Social security costs
Employers pension contributions
Average number of employees		 2021
2020
£
£
99,960
137,953
9,158
13,372
5,462
8,619
114,580
159,944
5
9

No employee received pay over £60,000 in this or the previous year. In the 2020 accounts, £8,307 of fees to the back row of the choir were included in salaries and is adjusted accordingly in this year’s accounts.

5. Auditors' remuneration

Included in audit and accountancy is £4,980 (2020: £4,620) in respect of audit fees.

Fees paid to the auditors for other services were £1,624 (2020: £2,174).

6. Tangible fixed assets

Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
Disposals
At 31 December 2021
At 31 December 2021
At 31 December 2020		 The
Organ
Piano
Song
Room
Piano
Audio-visual
equipment
Office
Equipment
Total
£
£
£
£
£
£
1,564,205
33,000
14,394
37,061
-
1,648,660
-
-
-
8,778
11,936
20,714
-
-
-
-
-
-
1,564,205
33,000
14,394
45,839
11,936
1,669,374
162,499
24,750
3,179
9,265
-
199,693
15,642
1,650
720
10,363
1,481
29,856
-
-
-
-
-
-
178,141
26,400
3,899
19,628
1,481
229,549
1,386,064
6,600
10,495
26,211
10,455
1,439,825
1,401,706
8,250
11,215
27,796
-
1,448,967

24

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

7. Investments held as fixed assets

d as fixed assets
Valuation
At 1 January 2021
Surplus on revaluations
At 31 December 2021		 Investment
properties
Other
investments
Total
£
£
£
4,621,824
143,828
4,765,652
439,210
9,914
449,124
5,061,034
153,742
5,214,776

The basis of valuation was fair value. The residential properties and the parish hall were revalued in March 2022 by independent chartered surveyors. Llandaff Cathedral School and grounds were valued by the Head of Property Services of the Church in Wales. The valuations were as follows:

Residential properties
Llandaff Cathedral School and grounds
Parish Hall
8. Debtors
Trade debtors
Other debtors
9. Creditors
Amounts falling due within one year
Accruals and deferred income
Other creditors
Amounts falling due after more than one year
Loan from the Representative Body of the Church in Wales		 2021
£
53,815
3,708		 £
3,776,034
1,100,000
185,000
5,061,034
2020
£
37,434
-
57,523 37,434
2021
£
19,432
-		 2020
£
26,558
-
19,432 26,558
67,744 72,955

The loan covers the work carried out by the Representative Body on behalf of the Cathedral to St Mary’s. It bears interest from 1 January 2020 at 3% and is repayable at any time before 31 December 2035.

25

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

10. Financial Commitments

Operating leases
Amounts payable:
Within one year
In two to five years		 2021
2020
£
£
5,989
6,064
13,476
12,074
19,465
18,138

Other commitments

The Cathedral had no other commitments at the end of the year (2020: £Nil)

11. Movement in Funds

Movement in Funds
Unrestricted funds
General funds
Designated funds
Total unrestricted funds
Restricted funds
The Flower Guild
The Guild of Bell Ringers
The Guild of Stewards
The Choir Association
Friends of Llandaff Cathedral:
For Music
For Bishop Marshall Panel
For other purposes
Ouseley Trust for Music
Music/Organ Appeal
Piano: Llandaff Festival Ltd
Piano: Cathedral Music Trust
Lady Chapel Organ
Sale proceeds of library
Bishop Marshall Panel
Altar frontal
2018: South West Province
Audio-Visual Equipment
Cultural Recovery Fund
Churchyard maintenance
Total restricted funds
Permanent Endowments
The Jasper Tower Fund
Friends of Cathedral Music
Llandaff Cathedral Scheme
Daniel Radcliff Trust
Ivor John Thomas deceased
The Cathedral Flower Fund
The Woodman Trust
Total permanent endowments
Total funds		 Opening
balance
Incoming
resources
Charitable
expenditure
Other
surpluses
Transfers
Closing
balance
£
£
£
£
£
£
6,325,308
465,413
(464,816)
439,210
38,584
6,803,699
23,580
102,414
-
-
-
125,994
6,348,888
567,827
(464,816)
439,210
38,584
6,929,693
8,597
180
(996)
-
1,330
9,111
5,060
136
(1,456)
-
(125)
3,615
5,443
-
-
-
-
5,443
16,826
1,044
(1,278)
-
83
16,675
-
35,000
(35,000)
-
-
-
-
3,214
(3,214)
-
-
-
-
8,709
(8,709)
-
-
-
-
5,000
(5,000)
-
-
-
10,318
1,142
(4,500)
-
-
6,960
8,250
-
(1,650)
-
-
6,600
7,792
-
(500)
-
-
7,292
5,000
-
-
-
-
5,000
45,499
-
-
6,623
-
52,122
4,567
8,658
(13,225)
-
-
0
5,468
-
-
-
-
5,468
-
-
-
-
2,000
2,000
27,796
50
(10,363)
-
8,728
26,211
49,600
-
-
-
(49,600)
-
14
3,499
(3,450)
-
3,600
3,663
200,230
66,632
(89,341)
6,623
(33,984)
150,160
23,508
-
(2,708)
2,485
(1,000)
22,285
45,802
-
-
4,840
-
50,642
5,993
-
-
633
-
6,626
1,444
31
-
-
(1,475)
-
2,082
43
-
-
(2,125)
-
12,658
-
-
1,844
-
14,502
6,842
-
-
723
-
7,565
98,329
74
(2,708)
10,525
(4,600)
101,620
6,647,447
634,533
(556,865)
456,358
0
7,181,473

Designated funds relate to funds set aside for maintenance of the Property and Fabric of the Cathedral and its properties, and its website.

26

The Dean and Chapter of Llandaff Cathedral and the Parish of Llandaff Registered Charity 1159090

12. Reconciliation of movement of funds to net cash flow from operating activities

Net movement in funds
Loss on disposal of fixed asset
Depreciation charge
Income shown in investing activities
(Profit)/loss on investment assets
Expenditure funded by loan (note 9)
Decrease/(increase) in stock
(Increase)/decrease in debtors
(Decrease)/Increase in creditors
Net cash generated/(used) in operating activities		 2021
2020
£
£
534,026
500,237
-
-
29,855
27,277
(68,074)
(55,846)
(456,358)
(326,460)
-
-
1,138
1,242
(12,852)
(13,892)
(7,126)
(9,073)
20,609
123,485

13. Analysis of prior year by fund

Notes
Income
2
Donations and legacies
Other trading activities
Income from investments
Income from charitable activities
Other income
Total income
Expenditure
3
Expenditure on raising funds
Expenditure on charitable activities
Other expenditure
Total expenditure
Net incoming/(outgoing) resources
before gains and losses on investments
11
Net gains and losses on investments
Profits on revaluation of investment
properties
11
(Losses)/gains on investment assets
11
Loss on disposal of fixed asset
Net income and expenditure for the year
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted Funds
Restricted
Funds
Endowments
2020
Total
2019
Total
General
Designated
£
£
£
£
£
£
240,750
-
33,369
-
274,119
366,486
4,380
-
-
-
4,380
13,980
55,784
-
62
-
55,846
81,090
130,436
-
201,531
-
331,967
120,911
21,602
-
-
-
21,602
35,336
452,952
-
234,962
-
687,914
617,803
7,954
-
-
-
7,954
12,180
347,290
-
149,197
-
496,487
801,634
2,345
-
7,351
-
9,696
23,951
357,589
-
156,548
-
514,137
837,765
95,363
-
78,414
-
173,777
(219,962)
318,228
-
-
-
318,228
58,600
-
-
2,603
5,629
8,232
18,058
-
-
-
-
-
(1,560)
413,591
-
81,017
5,629
500,237
(144,864)
5,911,717
23,580
119,213
92,700
6,147,210
6,292,074
6,325,308
23,580
200,230
98,329
6,647,447
6,147,210

27