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2020-12-31-accounts

Page
Report ofthe Trustees I to5
Report ofthe Independent
Auditors		 6 to 8
Statement ofFinancial Activities
Balance Sheet —Group and Parent 10 to 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 29
Detailed Statement of Financial Activities 30 to 32

Report ofthe Trustees Report ofthe Trustees
for the Year Ended 31 December 2020
ACCOUNTANTS AND Ashmole &Co
AUDITORS Chartered
Certified Accountants		 and Registered Auditors
Williamston
House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 IPX
SOLICITORS JCP Solicitors
Goodwick House Chambers
19West Street
Fishguard
Pembrokeshire
SA65 9AL

31.12.20 31.12.19
Designated Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds
Notes I f
INCOME AND
ENDOWMENTS
FROM
Donations
and legacies		 2 31,613 407,027 278,015 716,655 449,121
Other trading
activities		 3 16,145 119,508 1,632 137,285 395,940
Investment
income		 4 12 24,390 4,603 29,005 36,920
Other income 22 073 7378 29 451 19761
Total 47,770 572,998 291,628 912,396 901,742
EXPENDITURE ON
Raising funds 20,862 117,795 3,395 142,052 282,886
Charitable
activities
Ministry 1,194 243,353 77,343 321,890 350,844
Cathedral
&Precinct		 upkeep 1,230 318,159 95,195 414,584 390,530
Education & Outreach 217 37 074 32 725 70 016 64 439
Total 23,503 716,381 208,658 948,542 1,088,699
Net gains on investments
32 179 24 362 56 541 83 591
NET
INCOME/(EXPENDITURE)		 24,267 (111,204) 107,332 20,395 (103,366)
Transfers
between
funds		 10,000 (6,000) (4,000)
Net movement
on funds		 34,267 (117,204) 103,332 20,395 (103,366)
RECONCILIATION OF
FUNDS
Total funds brought forward 65,352 1,301,628 433,545 1,800,525 1,903,891
TOTAL FUNDS CARRIED
FORWARD 99619 1.184424 536877 1,820920 1800525

31.12.20 31.12.19
Designated Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds
Notes f,
FIXEDASSETS
Tangible
assets
Investments		 13 16,102 16,102 24,912
Investments 14 501,113 186,071 687,184 632,869
Investment
property		 15 - 217499 50 001 267 500 267 500
734,714 236,072 970,786 925,281
CURRENT ASSETS
Stocks
Debtors		 16
17		 102,222
78,543		 102,222
78,543		 86,904
123,651
Cash at bank 108860 340 312 3011805 749 977 75 1 827
108,860 521,077 300,805 930,742 962,382
CREDITORS
Amounts
falling due within		 one
year 18 (9,241) (71,367) (80,608) (87,138)
NET CURRENT ASSETS 99619 449710 300805 850134 875244
TOTAL ASSETSLESS
CURRENT LIABILITIES 99,619 1,184,424 536,877 1,820,920 1,800,525
NET ASSETS 99619 I 184424 536 877 I 820 920 I 8ta.525
FUNDS 19
Unrestricted
funds		 1,284,043 1,366,980
Restricted
funds		 536.877 433 545
TOTAL FUNDS 1 820 920 1,800,525
31.12.20 31.12.19
Designated Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds
Notes I
FIXEDASSETS
Tangible
assets		 13 13,321 13,321 21,822
Investments
Investments 14 501,113 186,071 687,184 632,869
Investment property 15 217499 50001 267 500 267 500
731,933 236,072 968,005 922,191
CURRENT ASSETS
Stocks 16
Debtors 17 189,178 189,178 229,389
Cash at bank 108.860 319760 300805 729 825 720 647
108,860 508,938 300,805 918,603 950,036
CREDITORS
Amounts
falling due within		 one
year 18 (9,241) (65,611) (74,852) (80,876)
NET CURRENT ASSETS 99619 443 327 300805 883751 869160
TOTAL ASSETS LESS
CURRENT LIABILITIES 99,619 1,175,260 536,877 1,811,756 1,791,351
NET ASSETS 99619 1,175260 536877 1811756 1791351
FUNDS 19
Unrestricted funds 1,274,879 1,357,806
Restricted
funds		 536.877 433 545
TOTAL FUNDS 1811756 1791311
The financial
signed
on its		 statements
behalf by:		 were approved by the Board of Trustees on .......j..... . ......
I		 . ......IIX...and were

for th e Ye ar Ended 31 Decem ber 2020
31.12.20 31.12.19
Notes f
Cash flows from operating activities:
Cash generated
from operations		 ~20 501) {214.735)
Net cash provided
by (used in) operating
activities ~20 501) (214735)
Cash flows from investing activities:
Purchase oftangible
fixed assets
Purchase offixed asset investments		 (142,567) (5,510)
(175,448)
Sale offixed asset investments 144,793 159,669
Interest received 4,146 2,063
Dividends
received		 12 279 17734
Net cash provided
by (used		 in) investing 18,651 (1,492)
activities
Change in cash and cash equivalents in the
reporting
period		 (1,850) (216,227)
Cash and cash equivalents at the beginning of
the reporting
period		 751 827 968054
Cash and cash equivalents at the end ofthe
reporting
period		 749977 751,827

RECONCILIATIO
ACTIVITIES		 N
OF NE		 T INCOM E/(EXPENDITUR E)
TO NET CAS		 H FLOW FROM OPERATING
31.12.20 31,12.19
Net income for the
activities)		 reporting period (as per the statement offinancial 20,395 (103,366)
Adjustments
for:
Depreciation
charges		 8,810 8,850
Crain on investments
Interest received
Dividends
received
Decrease in stocks		 (56,541)
(4,146)
(12,279)
(15,318)		 (83,591)
(2,063)
(17,734)
1,484
Increase in debtors
(Decrease)/increase		 in creditors 45,108
~6.530)		 (38,111)
19796
Net cash provided by (used in) operating activities ~20 501) (214,735)

At 1.1,20 Cash flow At 31.12.20
f
Net cash
Cash at bank 751,827 (1,850) 749,977
751,827 (1,850) 749,977
Total 751,827 (1,850) 749,977

31.12.20 31.12.19
Collections 56,448 140,749
Gift aid 5,588 10,371
Legac ies 112,473 110,155
Grants 400,524 68,453
Friends - re wages 24,665 21,084
Friends - re flowers 1,822
Friends - re Choral Scholars 8,250 7,625
Cemetery
account		 5,291 8,750
Flower donations 878 3,285
Other donations 19,906 8,114
Cefnogwyr
Ty'r Pererin		 1,482 1,412
Votive candles 12,028 25,301
Friends - other contributions 10,000
Friends - re Tower 26,118 22,000
Cathedral
Bell Ringers Fund		 10,000
Friends re Covid support 40,000
Friends re Chair Appeal 3 004
716655 449,121
Grants received, included in the above, are as follows:
31.12.20 31.12.19
Diocesan Board ofFinance 47,362 46,389
Allchurches
Trust Limited		 22,064 22,064
Arts Council ofWales 17,100
Listed Place ofWorship Scheme 7,038
Wales Cultural
Recovery		 Scheme 149,961
Choir Emergency
Fund Grant		 29,600
Coronavirus
JRS Grant		 114,399
Coronavirus
Support Grant		 13000
400 524 68,453

31.12.20 31.12.19
f
Shop income 99,947 236,094
Porth y Twr
Concerts &exhibitions		 2,319 1,265
24,091
Filming fees 2,515 2,008
Tours, visits and library 240 14,058
Ty'r Pererin Education Centre 1,632 7,899
Refectory income 14,567 33,888
St Davids Cathedral Festival 16065 76.637
137285 395,940
INVESTMENT INCOME
31.12.20 31.12.19
f
Rent —Goat Street 7,515 11,265
Rent - Aerial 5,065 5,858
Dividend
income		 12,279 17,734
Deposit account interest 4 146 2 063
29005 36,920
RAISING FUNDS
Raising donations and legacies
31.12.20 31.12.19
f
Goat Street Property costs 13,405 1,924
Donation
charges		 2 866 894
16,271 2,818
Other trading
activities
31.12.20 31.12.19
f
Bookshop and Porth y Twr purchases 101,486 201,394
Festival expenses 20 862 73 989
122,348 275,383
Investment
management		 costs
31.12.20 31.12.19
f f
Portfolio management 3 433 4,685
Aggregate
amounts		 142 052 282,886

Direct costs Support costs Totals
(See note 7) (See note 8)
f
Ministry 213,515 108,375 321,890
Cathedral
& Precinct		 upkeep 338,514 76,070 414,584
Education &Outreach 50 315 19.701 70016
602 344 204,146 806,490
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.20 31.12.19
f
Staff costs 179,272 189,825
Rent, rates, water & insurance 39,602 37,489
General repairs, renewals &cleaning 40,297 58,915
Light and heat 47,547 47,386
Organist,
choirmaster		 &choir 101,545 105,866
Organist
lodgings		 9,543 21,722
Organ expenses 3,215 9,787
Staffexpenses 4,922 21,063
Canonry
expenses		 15,073 6,064
Wines, wafers & candles
Staff development
costs		 1,457
2,980		 3,714
2,600
Votive candles 1,453 4,824
Flowers 404 4,851
Cloister running
costs		 6,171 10,374
Capital projects 123,413 103,597
Lifewords & Welcome guide 143
Other costs - Ty'r Pererin 16,488 14,941
Quinquennial
costs		 1,509 2,717
Vergers'
accommodation		 7453 5 492
602 344 651,370
Capital Projects comprise:
2020 2019
f
Quinquennial
maintenance		 1,509 2,717
Repairs re Treasury 18,776
Repairs re Wayside 7,595 5,908
Repairs re Tower 14,240 30,117
Thomas Beckett Glass Screen 2,348 6,854
South Cloister redirect water flow 4,181
York Project 27,959 32,231
Presbytery
Stonework		 5,530
Repairs re Bell 42,576
Cloister Buttress works 6,195
Repairs re Cathedral Pinnacle 22 500
124 922 106314

Governance
Management costs Totals
Ministry
Cathedral
&Precinct upkeep
Education &Outreach		 105,597
74,303
19 196		 2,778
1,767
505		 108,375
76,070
19701
199096 5 050 204,146
Support costs, included in the above, are as follows:
Management
31.12.20 31.12.19
Cathedral &
Precinct Education &
Ministry upkeep Outreach Total Total
activities activities
Wages
Social security
Pensions
Marketing
Postage &telephone
Printing &stationery
Advertising
Legal fees
Sundry costs
Performing
Rights Society
Donations		 46,576
3,758
3,132
854
2,320
3,880
1,823
3,072
389		 29,639
2,392
1,993
544
1,477
2,537
1,160
1,955
247		 8,468
683
569
155
422
706
331
559
70		 84,683
6,833
5,694
1,553
4,219
7,123
3,314
5,586
706		 54,623
8,500
11,188
8,159
10,836
3,425
1,035
959
Professional
fees
Recruitment
expenses
HR Consultant
fees
Computer
expenses
Non recoverable
VAT		 13,673
578
5,901
7,330
7,635		 8,701
367
3,755
4,664
11,897		 2,486
105
1,072
1,332
1,388		 24860
1,050
10,728
13,326
20920		 23,889
6,515
10,984
Depreciation oftangible
and heritage assets		 4,676 2,975 850 8,501 8,506
105597 74,303 19 196 199,096 148,619
Governance
costs
31.12.20 31.12.19
Cathedral &
Precinct Education &
Ministry upkeep Outreach Total Total
activities activities
f f
Auditors'
remuneration		 2,778 1,767 505 5,050 5,824
AUDITORS' REMUNERATION
31.12.20 31.12.19
f f.
Fees payable to the charity's auditors for the audit ofthe charity's financial
statements 5 050 5,824

31.12.20 31.12.19
Wages
Social
Other		 and salaries
security costs
pension costs		 249,455
24,432
23 457		 290,271
17,677
10489
297.344 318,437
Festival 31.12.20 31.12.19
Ministry
Music		 1
4		 1
5
Cathedral
Education		 and Upkeep 12
2		 10
2
Administration 1 1
7 5
27 24

Designated Unrestricted Restricted Total
Funds Funds Funds Funds
INCOME AND
ENDOWMENTS
FROM
Donations
and legacies		 2,733 384,675 61,713 449,121
Other trading activities 74,654 313,387 7,899 395,940
Investment
income		 23 31,743 5,154 36,920
Other income 19761 19761
Total 77,410 749,566 74,766 901,742
EXPENDITURE ON
Raising funds 72,751 208,516 1,619 282,886
Charitable
activities
Ministry 1,196 328,564 21,084 350,844
Cathedral
&Precinct		 upkeep 761 379,395 10,374 390,530
Education &Outreach 218 46 561 17660 64.439
Total 74,926 963,036 50,737 1,088,699
Net gains/(losses)
on		 investments 54 021 29570 83 591
NET INCOME/(EXPENDITURE) 2,484 (159,449) 53,599 (103,366)
Transfers
bettveen
funds		 3,198 (3,1981
Net movement
in funds		 2,484 (156,251) 50,401 (103,366)
RECONCILATION OF FUNDS
Total funds brought fomvard 62,868 1,457,879 383,144 1,903,891
TOTAL FUNDS CARRIED FORWARD 65,352 1,301,628 433,545 1,800,525

Office &other Refectory Treasury Bookshop
COST equipment equipment exhibition
f		 equipment
f		 Totals
f
At I January 2020 96923 123224 146 563 16 145 382 855
At 31 December 2020 96923 123224 146 563 16 145 382 855
DEPRECIATION
At
I lanuary 2020
Charge for year		 75,101
8 501		 123,224 146,563 13,055
309		 357,943
8 810
At 31 December 2019 83 602 123224 146 563 13364 366753
NET BOOK VALUE
At 31 December 2020 13321 2,781 16,102
At 31 December 2019 21 822 3,090 24,912

31.12.20 31.12.19
f,
Market value at 1st January 2020 (2019)
Additions
to investments
at cost
Disposals
Realised and Unrealised
gains/(losses)
on
investments		 632,869
142,567
(155,152)
66,900		 533,502
175,448
(149,448)
73,367
Market value at 31stDecember 2020 (2019) 687 184 632,869

31.12.20 Parent 31.12.19 31.12.20 Group 31.12.19
Stock f 102,222 f
86,904
102,222 86,904

31.12.20 Parent 31.12.19 31.12.20 Group 31.12.19
Trade Debtors
VAT Recoverable
Prepayments
Amount
due from Trading subsidiary		 75,985
113 193		 100,555
2,668
20,428
105738		 78,543 100,555
2,668
20,428
189 178 229389 78 543 123651

31.12.20 Parenl 31.12.19 31.12.20 Group 31.12.19
f
Trade Creditors
Accrued expenses		 70,252
4 600		 76,276
4 600		 74,208
6 400		 80,788
6 350
74 852 80,876 80,608 87,138

Net movement Transfers Transfers
At 1.1.20 in funds between funds At 31.12.20
Unrestricted
funds
General
fund
Aumbry
Fund
Library Fund
Flotvers Fund
Organ Fund
Deans Discretionary
fund
Festival Fund
Canon Watkins Legacy		 1,301,628
7,200
9,170
5,713
3,726
57
39,486		 (111,204)
214
407
23,646		 (6,000)
10000		 1,184,424
7,200
9,384
6,120
3,726
57
63,132
10000
1,366,980 (86,937) 4,000 1,284,043
Restricted
funds
Choir Music Fund
Property
and Equipment
Friends Scholarship
fund
Friends Flower Fund
Friends Other Funds
Tudor Church
Music
Organist
fund
Millrnium
Fund
W M Jones Fund
Groan Scholar Fund
Ty'r Pererin Wages Fund
Bell Ringers Fund
Other restricted
funds
Wales Cultural
Recovery Grant
Choir Emergency
Fund Grant
Cemetery
Fund		 668
50,001
22,625
3,247
52,034
34,146
171,945
7,478
970
48,431
32,000
10,000		 3,618
27,532
(4,826)
(8,000)
(10,000)
10,000
60,430
21,200
7378		 (4,000) 668
50,001
22,625
3,247
55,652
34,146
199,477
2,652
970
44,431
24,000
10,000
60,430
21,200
7.378
433,545 107.332 (4,000) 536,877
TOTAL FUNDS I 800 525 20,395 1,820,920

Incoming Resources Gains and Movement
in
resources
f		 expended losses
f		 funds
Unrestricted
funds
General Fund
Library Fund		 572,998
214		 (716,381) 32,179 (111,204)
214
Flowers Fund
Festival
Fund		 878
46 678		 (471)
~23 032)		 407
23 646
620,768 (739,884) 32,179 (86,937)
Restricted
funds
Friends Wage Fund
Friends Scholarship
Friends Other Funds
Ty'r Pererin		 Fund 24,665
8,250
26,118
17,383		 (24,665)
(8,250)
(22,500)
(17,383)		 3,618
Organist
Fund
Millenium
Fund
Ty'r Pererin Wages
Bell Ringers Fund
Other Restricted
Funds
Wales Cultural
Recovery Grant
Choir Emergency
Fund Grant
Cemetery
Fund		 4,599
1,345
17,038
149,961
29,600
12669		 (1,429)
(6,171)
(8,000)
(10,000)
(7,038)
(89,531)
(8,400)
~5.291)		 24,362 27,352
(4,826)
(8,000)
(10,000)
10,000
60,430
21,200
7378
291,628 (208,658) 24,362 107,332
TOTAL FUNDS 912396 (948,542) 56,541 20,395

Com paratives
for movement		 Com paratives
for movement		 in funds
Net movement Transfers
At 1.1.19 in funds between funds At 31.12.19
f
Unrestricted
Funds
General
fund
Aumbry
Fund
Library Fund
Flowers Fund
Organ Fund
Deans Discretionary		 fund 1,457,879
7,200
7,995
5,710
3,724
57		 (159,449)
1,175
3
2		 3,198 1,301,628
7,200
9,170
5,713
3,726
57
Festival Fund 38.182 I 304 39.486
1,520,747 (156,965) 3,198 1,366,980
Restricted Funds
Choir Music Fund 668 668
Property
and Equipment
Friends Scholarship
Fund
Friends Flower Fund
Friends Other Funds
Ty'r Pererin
Tudor Church Music
Organist
fund
Millenium
Fund
W M Jones Fund		 50,001
15,000
1,425
42,034
39,198
34,146
139,696
16,631
970		 7,625
1,822
10,000
32,249
(9,153)		 (39,198) 50,001
22,625
3,247
52,034
34,146
171,945
7,478
970
Organ Scholar Fund
Ty'r Pererin Wages
Bell Ringers Fund		 43,375 9,056
(8,000)
10000		 (4,000)
40,000		 48,431
32,000
10.000
383,144 53,599 (3, 198) 433,545
TOTAL FUNDS 1 903 891 (103,366) 1,800,525

Incoming Resources Gams and Movement
in
resources expended losses funds
Unrestricted funds
General
fund		 749,566 (963,036) 54,021 (159,449)
Library Fund 1,175 1,175
Organ Fund 3 3
Flowers Fund 2 2
Festival Fund 76230 ~74 926) 1 304
826,976 (1,037,962) 54,021 (156,965)
Restricted
funds
Friends Wage Fund 21,084 (21,084)
Friends Scholarship fund 7,625 7,625
Friends Flower Fund 1,822 1,822
Friends Other Fund 10,000 10,000
Ty'r Pererin 9,660 (9,660)
Organist
fund		 4,298 (1,619) 29,570 32,249
Millenium
Fund		 1,221 (10,374) (9,153)
Organ Scholar Fund 9,056 9,056
Ty'r Pererin Wages (8,000) (8,000)
Bell Ringers Fund 10000 10000
74,766 (50,737) 29,570 53,599
TOTAL FUNDS 901 742 (1,088,699) 83,591 (103,366)

Net movement Transfers Transfers
At 1.1.19 in funds between funds At 31.12.20
f
Unrestricted
funds
General Fund 1,457,879 (270,653) (2,802) 1,184,424
Aumbry
Fund		 7,200 7,200
Library Fund 7,995 1,389 9,384
Flowers Fund 5,710 410 6,120
Organ
Fund		 3,724 2 3,726
Deans Discretionary Fund 57 57
Festival Fund 38,182 24,950 63,132
10000 10.000
1,520,747 (243,902) 7,198 1,284,043
Restricted
funds
Choir Music Fund 668 668
Property
and Equipment		 50,001 50,001
Friends Scholarship Fund 15,000 7,625 22,625
Friends Flower Fund 1,425 1,822 3,247
Friends Other Funds 42,034 13,618 55,652
Ty'r Pererin 39,198 (39,198)
Tudor Church Music 34,146 34,146
Organist
Fund		 139,696 59,781 199,477
Millenium
Fund		 16,631 (13,979) 2,652
W M Jones Fund 970 970
Organ Scholar Fund 43,375 9,056 (8,000) 44,431
Other Restricted Funds 10,000 40,000 10,000
Ty'r Pererin Wages (16,000) 24,000
Wales Cultural
Recovery Grant		 60,430 60,430
Choir Emergency Fund Grant 21,200 21,200
Cemetery
Fund		 7 378 7 378
383.144 160931 ~7198) 536.877
TOTALI'UNDS

Incoming Resources Gains and Movement
in
resources expended losses funds
f,
Unrestricted
funds
General Fund 1,322,564 (1,679,417) 86,200 (270,653)
Library Fund 1,389 1,389
Flowers Fund 881 (471) 410
Organ
Fund		 2 2
Festival Fund 122,908 (97,958) 24,950
1,447,744 (1,777,846) 86,200 (243,902)
Restricted
funds
Friends Wage Fund 45,749 (45,749)
Friends Scholarship Fund 15,875 (8,250) 7,625
Friends Flower Fund 1,822 1,822
Friends Other Funds 36,118 (22,500) 13,618
Ty'r Pererin 27,043 (27,043)
Organist
Fund		 8,897 (3,048) 53,932 59,781
Millenium
Fund		 2,566 (16,545) (13,979)
Organ Scholar Fund 9,056 9,056
Other Restricted Funds 17,038 (7,038) 10,000
Ty'r Pererin Wages (16,000) (16,000)
Bell Ringers Fund 10,000 (10,000)
Wales Cultural
Recovery Grant		 149,961 (89,531) 60,430
Choir Emergency
Cemetery
Fund		 Fund Grant 29,600
12669		 (8,400)
~5291)		 21,200
7 378
366 394 ~259 3953 53 932 \66 93 3
TOTAL FUNDS I 814.138 ~2.037,241) 140,132 ~82,971)

St.Davids Cat hedral
Bookshop —Summary		 ofresults
Year Year
ended ended
31.12.20 31.12.19
I
Profit & Loss Account
Sales 99,947 236,094
Cost ofSales 39,952 133,771
Gross Profit 59,995 102,323
Overheads 56,468 67,239
3,527 35,084
Other operating income 24,328
Profit for the financial year 27,855 35,084
Gilt Aid donation to Charity 28,050 35,000
Profit/(loss) carried fotward
Balance sheet
Year Year
ended Ended
31.12.20 31.12.19
6
Fixtures & Fittings 2,781 3,090
Stock 102,222 86,904
Debtors 2,558
Cash at bank 20,552 31,180
Due to Dean &Chapter (1 13,378) (105,738)
Other Creditors (5,756) (6,262)
Retained reserves

for the Year Ended 31Decemb er 2020
31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
f
INCOME AND ENDOWMENTS
Donations
and legacies
Collections 56,448 56,448 140,749
Gift aid 5,588 5,588 10,371
Legacies 102,473 10,000 112,473 110,155
Grants 199,656 200,868 400,524 68,453
Friends - re wages 24,665 24,665 21,084
Friends - re flowers 1,822
Friends - re scholarships 8,250 8,250 7,625
Cemetery
account		 5,291 5,291 8,750
Flower donations 878 878 3,285
Other donations 18,565 1,341 19,906 8,114
Cefuogwyr
Ty'r		 Pererin 1,482 1,482 1,412
Votive candles 12,028 12,028 25,301
Friends - other contributions 10,000
Friends re Tower 26,118 26,118 22,000
Cathedral
Bell Ringers Fund		 10,000
Friends re Covid support 40,000 40,000
Friends re Chair Appeal 3 004 3 004
438,640 278,015 716,655 449,121
Other trading
activities
Shop income 99,947 99,947 236,094
Porth y Twr 1,265
Concerts &exhibitions 2,319 2,319 24,091
Filming fees 2,515 2,515 2,008
Tours, visits and library 240 240 14,058
Ty'r Pererin Education Centre 1,632 1,632 7,899
Refectory income 14,567 14,567 33,888
St Davids Cathedral Festival income 16065 16.065 76.637
135,653 1,632 137,285 395,940
Investment
income
Rent —Goat Street 7,515 7,515 11,265
Rent - Aerial 5,065 5,065 5,858
Dividend
income		 7,681 4,598 12,279 17,734
Deposit account interest 4 141 5 4 146 2 063
24,402 4,603 29,005 36,920
Other income
Sundry
income		 233 233 348
VAT recovered 19,413
Bank accounts introduced 9,659 7,378 17,037
Insurance
claim		 12 181 12 181
22.073 7378 29 451 19761
Total incoming resources 620,768 291,628 912,396 901,742

EXPENDITURE for the Year Ended 31 Decemb er 2020
31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
f f f
Raising donations
and legacies
Goat Street Property costs		 !3,405 13.405 1,924
Donation
charges		 2,866 2,866 894
16,271 16,271 2,818
Other trading
activities
Bookshop expenses 96,420 96,420 201,094
Porth y Twr expenses 4,600 466 5,066 300
St Davids Cathedral Festival expenses 20 862 20 862 73 989
121,882 466 122,348 275,383
Investment
management		 costs
Portfolio management 504 2,929 3,433 4,685
Charitable
activities
Wages 77,729 66,181 143,910 161,659
Social security 17,599 17,599 17,677
Pensions 17,763 17,763 10,489
Rent, rates, water & insurance 32,062 7,540 39,602 37,489
General repairs, renewals & cleaning 30,254 10,043 40,297 58,915
Light and heat 39,816 7,731 47,547 47,386
Organist,
choirmaster		 &choir 84,066 17,479 101,545 105,866
Organist
lodgings		 9,270 273 9,543 21,722
Organ expenses 3,177 38 3,215 9,787
Staff expenses 4,686 236 4,922 21,063
Canonry expenses 15,073 15,073 6,064
Wines, wafers &candles 1,457 1,457 3,714
Staff development
costs		 2,980 2,980 2,600
Votive candles 1,453 1,453 4,824
Flowers 404 404 4,851
Cloister running
costs		 6,171 6,171 10,374
Capital projects 90,016 33,397 123,413 103,597
Lifewords & Welcome guide 143
Other costs - Ty'r Pererin 14,984 1,504 16,488 14,941
Quinquennial
costs		 1,509 1,509 2,717
Vergers'
accommodation		 7453 7453 5 492
451,751 150,593 602,344 651,370
Support costs
Management
Wages 60,822 23,861 84,683 54,623
Social security 6,833 6,833
Pensions 5,694 5,694
Marketing 599 954 1,553 8,500
Postage &telephone 3,035 1,184 4,219
Printing &stationery 6,475 648 7,123 11,188
Advertising 8,159
Legal fees 3,314 3,314 10,836
Sundry costs 1,310 4,276 5,586 3,425
Performing
Rights Society		 656 50 706 1,035
Carried forward 88,738 30,973 119,711 97,766

Support costs
Management
Brought forward 88,738 30,973 119,711 97,766
Donations 959
Professional
fees		 20,646 4,214 24,860 23,889
Recruitment
expenses		 1,050 1,050 6,515
HR Consultant
Fees		 8,105 2,623 10,728 10,984
Computer
expenses		 8,394 4,932 13,326
Non recoverable
VAT		 13,882 7,038 20,920
Depreciation 5 503 2 998 8 501 8 506
146,318 52,778 199,096 148,619
Governance
costs
Auditors'
remuneration		 3 158 I 892 5 050 5 824
Total resources expended 739,884 208,658 948,542 1,088,699
Net (expenditure)/income before gains and (119,116) 82,970 (36,146) (186,957)
losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 32,179 24,362 56,541 83,591
Net income ~86937) )07332 20393 ~i03366)