|||Page|
|---|---|---|
|Report ofthe Trustees||I to5|
|Report ofthe Independent<br>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|





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



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## 

|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
||||Designated|Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|Funds|
|||Notes|||I||f|
|INCOME AND||||||||
|ENDOWMENTS<br>FROM||||||||
|Donations<br>and legacies||2|31,613|407,027|278,015|716,655|449,121|
|Other trading<br>activities||3|16,145|119,508|1,632|137,285|395,940|
|Investment<br>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<br>activities||||||||
|Ministry|||1,194|243,353|77,343|321,890|350,844|
|Cathedral<br>&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<br>INCOME/(EXPENDITURE)|||24,267|(111,204)|107,332|20,395|(103,366)|
|Transfers<br>between<br>funds|||10,000|(6,000)|(4,000)|||
|Net movement<br>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<br>assets<br>Investments||13||16,102||16,102|24,912|
|Investments||14||501,113|186,071|687,184|632,869|
|Investment<br>property||15|-|217499|50 001|267 500|267 500|
|||||734,714|236,072|970,786|925,281|
|CURRENT ASSETS||||||||
|Stocks<br>Debtors||16<br>17||102,222<br>78,543||102,222<br>78,543|86,904<br>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<br>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<br>funds||||||1,284,043|1,366,980|
|Restricted<br>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<br>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<br>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<br>funds||||||||536.877|433 545|
|TOTAL FUNDS||||||||1811756|1791311|
|The financial<br>signed<br>on its|statements<br> behalf by:|were approved||by the Board|of Trustees|on .......j..... .|...... <br>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<br>from operations|||||~20 501)|{214.735)|
|Net cash provided<br>by (used in) operating|||||||
|activities|||||~20 501)|(214735)|
|Cash flows from investing|activities:||||||
|Purchase oftangible<br>fixed assets<br>Purchase offixed asset investments|||||(142,567)|(5,510)<br>(175,448)|
|Sale offixed asset investments|||||144,793|159,669|
|Interest received|||||4,146|2,063|
|Dividends<br>received|||||12 279|17734|
|Net cash provided<br>by (used|in) investing||||18,651|(1,492)|
|activities|||||||
|Change in cash and cash equivalents||in the|||||
|reporting<br>period|||||(1,850)|(216,227)|
|Cash and cash equivalents|at the beginning||of||||
|the reporting<br>period|||||751 827|968054|
|Cash and cash equivalents|at the end|ofthe|||||
|reporting<br>period|||||749977|751,827|





## 

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## 

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





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## 

|||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<br>account||5,291|8,750|
|Flower donations||878|3,285|
|Other donations||19,906|8,114|
|Cefnogwyr<br>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<br>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<br>Trust Limited||22,064|22,064|
|Arts Council ofWales||17,100||
|Listed Place ofWorship|Scheme|7,038||
|Wales Cultural<br>Recovery|Scheme|149,961||
|Choir Emergency<br>Fund Grant||29,600||
|Coronavirus<br>JRS Grant||114,399||
|Coronavirus<br>Support Grant||13000||
|||400 524|68,453|





## 

## 

## 

## 

## 

||||31.12.20|31.12.19|
|---|---|---|---|---|
||||f||
|Shop income|||99,947|236,094|
|Porth y Twr<br>Concerts &exhibitions|||2,319|1,265<br>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<br>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<br>charges|||2 866|894|
||||16,271|2,818|
|Other trading<br>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<br>management||costs|||
||||31.12.20|31.12.19|
||||f|f|
|Portfolio management|||3 433|4,685|
|Aggregate<br>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<br>& 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,<br>choirmaster||&choir|||101,545|105,866|
|Organist<br>lodgings|||||9,543|21,722|
|Organ expenses|||||3,215|9,787|
|Staffexpenses|||||4,922|21,063|
|Canonry<br>expenses|||||15,073|6,064|
|Wines, wafers & candles<br>Staff development<br>costs|||||1,457<br>2,980|3,714<br>2,600|
|Votive candles|||||1,453|4,824|
|Flowers|||||404|4,851|
|Cloister running<br>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<br>costs|||||1,509|2,717|
|Vergers'<br>accommodation|||||7453|5 492|
||||||602 344|651,370|
|Capital Projects comprise:|||||||
||||2020|2019|||
|||||f|||
|Quinquennial<br>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<br>Stonework|||||5,530||
|Repairs re Bell|||42,576||||
|Cloister Buttress works|||6,195||||
|Repairs re Cathedral|Pinnacle||22 500||||
||||124 922|106314|||



## 



## 

## 

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## 

|||||||Governance||
|---|---|---|---|---|---|---|---|
||||||Management|costs|Totals|
|Ministry<br>Cathedral<br>&Precinct upkeep<br>Education &Outreach|||||105,597<br>74,303<br>19 196|2,778<br>1,767<br>505|108,375<br>76,070<br>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<br>Social security<br>Pensions<br>Marketing<br>Postage &telephone<br>Printing &stationery<br>Advertising<br>Legal fees<br>Sundry costs<br>Performing<br>Rights Society<br>Donations|||46,576<br>3,758<br>3,132<br>854<br>2,320<br>3,880<br>1,823<br>3,072<br>389|29,639<br>2,392<br>1,993<br>544<br>1,477<br>2,537<br>1,160<br>1,955<br>247|8,468<br>683<br>569<br>155<br>422<br>706<br>331<br>559<br>70|84,683<br>6,833<br>5,694<br>1,553<br>4,219<br>7,123<br>3,314<br>5,586<br>706|54,623<br>8,500<br>11,188<br>8,159<br>10,836<br>3,425<br>1,035<br>959|
|Professional<br>fees<br>Recruitment<br>expenses<br>HR Consultant<br>fees<br>Computer<br>expenses<br>Non recoverable<br>VAT|||13,673<br>578<br>5,901<br>7,330<br>7,635|8,701<br>367<br>3,755<br>4,664<br>11,897|2,486<br>105<br>1,072<br>1,332<br>1,388|24860<br>1,050<br>10,728<br>13,326<br>20920|23,889<br>6,515<br>10,984|
|Depreciation oftangible<br>and heritage assets|||4,676|2,975|850|8,501|8,506|
||||105597|74,303|19 196|199,096|148,619|
|Governance<br>costs||||||||
|||||||31.12.20|31.12.19|
|||||Cathedral &||||
|||||Precinct|Education &|||
||||Ministry|upkeep|Outreach|Total|Total|
|||||||activities|activities|
||||||f|f||
|Auditors'<br>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 <br>Social <br>Other|and salaries<br> security costs<br> pension costs|249,455<br>24,432<br>23 457|290,271<br>17,677<br>10489|
|||297.344|318,437|



|Festival|||31.12.20|31.12.19|
|---|---|---|---|---|
|Ministry<br>Music|||1<br>4|1<br>5|
|Cathedral<br>Education|and|Upkeep|12<br>2|10<br>2|
|Administration|||1|1|
||||7|5|
||||27|24|





## 

## 

## 

|||Designated|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|INCOME AND||||||
|ENDOWMENTS<br>FROM||||||
|Donations<br>and legacies||2,733|384,675|61,713|449,121|
|Other trading activities||74,654|313,387|7,899|395,940|
|Investment<br>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<br>activities||||||
|Ministry||1,196|328,564|21,084|350,844|
|Cathedral<br>&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)<br>on|investments||54 021|29570|83 591|
|NET INCOME/(EXPENDITURE)||2,484|(159,449)|53,599|(103,366)|
|Transfers<br>bettveen<br>funds|||3,198|(3,1981||
|Net movement<br>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<br>f|equipment<br>f|Totals<br>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<br>I lanuary 2020<br>Charge for year|75,101<br>8 501|123,224|146,563|13,055<br>309|357,943<br>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)<br>Additions<br>to investments<br>at cost<br>Disposals<br>Realised and Unrealised<br>gains/(losses)<br>on<br>investments||632,869<br>142,567<br>(155,152)<br>66,900|533,502<br>175,448<br>(149,448)<br>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<br>86,904|
|||||102,222||86,904|



## 

||31.12.20|Parent|31.12.19|31.12.20|Group|31.12.19|
|---|---|---|---|---|---|---|
|Trade Debtors<br>VAT Recoverable<br>Prepayments<br>Amount<br>due from Trading subsidiary|75,985<br>113 193||100,555<br>2,668<br>20,428<br>105738|78,543||100,555<br>2,668<br>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<br>Accrued expenses|70,252<br>4 600||76,276<br>4 600|74,208<br>6 400||80,788<br>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<br>funds||||||
|General<br>fund<br>Aumbry<br>Fund<br>Library Fund<br>Flotvers Fund<br>Organ Fund<br>Deans Discretionary<br>fund<br>Festival Fund<br>Canon Watkins Legacy|1,301,628<br>7,200<br>9,170<br>5,713<br>3,726<br>57<br>39,486|(111,204)<br>214<br>407<br>23,646||(6,000)<br>10000|1,184,424<br>7,200<br>9,384<br>6,120<br>3,726<br>57<br>63,132<br>10000|
||1,366,980|(86,937)||4,000|1,284,043|
|Restricted<br>funds||||||
|Choir Music Fund<br>Property<br>and Equipment<br>Friends Scholarship<br>fund<br>Friends Flower Fund<br>Friends Other Funds<br>Tudor Church<br>Music<br>Organist<br>fund<br>Millrnium<br>Fund<br>W M Jones Fund<br>Groan Scholar Fund<br>Ty'r Pererin Wages Fund<br>Bell Ringers Fund<br>Other restricted<br>funds<br>Wales Cultural<br>Recovery Grant<br>Choir Emergency<br>Fund Grant<br>Cemetery<br>Fund|668<br>50,001<br>22,625<br>3,247<br>52,034<br>34,146<br>171,945<br>7,478<br>970<br>48,431<br>32,000<br>10,000|3,618<br>27,532<br>(4,826)<br>(8,000)<br>(10,000)<br>10,000<br>60,430<br>21,200<br>7378|(4,000)||668<br>50,001<br>22,625<br>3,247<br>55,652<br>34,146<br>199,477<br>2,652<br>970<br>44,431<br>24,000<br>10,000<br>60,430<br>21,200<br>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<br>in|
|---|---|---|---|---|---|
|||resources<br>f|expended|losses<br>f|funds|
|Unrestricted<br>funds||||||
|General Fund<br>Library Fund||572,998<br>214|(716,381)|32,179|(111,204)<br>214|
|Flowers Fund<br>Festival<br>Fund||878<br>46 678|(471)<br>~23 032)||407<br>23 646|
|||620,768|(739,884)|32,179|(86,937)|
|Restricted<br>funds||||||
|Friends Wage Fund<br>Friends Scholarship<br>Friends Other Funds<br>Ty'r Pererin|Fund|24,665<br>8,250<br>26,118<br>17,383|(24,665)<br>(8,250)<br>(22,500)<br>(17,383)||3,618|
|Organist<br>Fund<br>Millenium<br>Fund<br>Ty'r Pererin Wages<br>Bell Ringers Fund<br>Other Restricted<br>Funds<br>Wales Cultural<br>Recovery Grant<br>Choir Emergency<br>Fund Grant<br>Cemetery<br>Fund||4,599<br>1,345<br>17,038<br>149,961<br>29,600<br>12669|(1,429)<br>(6,171)<br>(8,000)<br>(10,000)<br>(7,038)<br>(89,531)<br>(8,400)<br>~5.291)|24,362|27,352<br>(4,826)<br>(8,000)<br>(10,000)<br>10,000<br>60,430<br>21,200<br>7378|
|||291,628|(208,658)|24,362|107,332|
|TOTAL FUNDS||912396|(948,542)|56,541|20,395|





## 

## 

## 

|Com paratives<br>for movement|Com paratives<br>for movement|in funds||||||
|---|---|---|---|---|---|---|---|
|||||Net movement|Transfers|||
||||At 1.1.19|in funds|between|funds|At 31.12.19|
||||||||f|
|Unrestricted<br>Funds||||||||
|General<br>fund<br>Aumbry<br>Fund<br>Library Fund<br>Flowers Fund<br>Organ Fund<br>Deans Discretionary|fund||1,457,879<br>7,200<br>7,995<br>5,710<br>3,724<br>57|(159,449)<br>1,175<br>3<br>2||3,198|1,301,628<br>7,200<br>9,170<br>5,713<br>3,726<br>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<br>and Equipment<br>Friends Scholarship<br>Fund<br>Friends Flower Fund<br>Friends Other Funds<br>Ty'r Pererin<br>Tudor Church Music<br>Organist<br>fund<br>Millenium<br>Fund<br>W M Jones Fund|||50,001<br>15,000<br>1,425<br>42,034<br>39,198<br>34,146<br>139,696<br>16,631<br>970|7,625<br>1,822<br>10,000<br>32,249<br>(9,153)|(39,198)||50,001<br>22,625<br>3,247<br>52,034<br>34,146<br>171,945<br>7,478<br>970|
|Organ Scholar Fund<br>Ty'r Pererin Wages<br>Bell Ringers Fund|||43,375|9,056<br>(8,000)<br>10000|(4,000)<br>40,000||48,431<br>32,000<br>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<br>in|
|---|---|---|---|---|---|---|
||||resources|expended|losses|funds|
|Unrestricted|funds||||||
|General<br>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<br>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<br>fund|||4,298|(1,619)|29,570|32,249|
|Millenium<br>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<br>funds||||||||
|General Fund|||1,457,879|(270,653)||(2,802)|1,184,424|
|Aumbry<br>Fund|||7,200||||7,200|
|Library Fund|||7,995|1,389|||9,384|
|Flowers Fund|||5,710|410|||6,120|
|Organ<br>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<br>funds||||||||
|Choir Music Fund|||668||||668|
|Property<br>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<br>Fund|||139,696|59,781|||199,477|
|Millenium<br>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<br>Recovery Grant||||60,430|||60,430|
|Choir Emergency|Fund Grant|||21,200|||21,200|
|Cemetery<br>Fund||||7 378|||7 378|
||||383.144|160931|~7198)||536.877|
|TOTALI'UNDS||||||||





## 

## 

## 

## 

||||Incoming|Resources|Gains and|Movement<br>in|
|---|---|---|---|---|---|---|
||||resources|expended|losses|funds|
|||||f,|||
|Unrestricted<br>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<br>Fund|||2|||2|
|Festival Fund|||122,908|(97,958)||24,950|
||||1,447,744|(1,777,846)|86,200|(243,902)|
|Restricted<br>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<br>Fund|||8,897|(3,048)|53,932|59,781|
|Millenium<br>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<br>Recovery Grant|||149,961|(89,531)||60,430|
|Choir Emergency<br>Cemetery<br>Fund|Fund Grant||29,600<br>12669|(8,400)<br>~5291)||21,200<br>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<br>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<br>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<br>account||||5,291|5,291|8,750|
|Flower donations|||878||878|3,285|
|Other donations|||18,565|1,341|19,906|8,114|
|Cefuogwyr<br>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<br>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<br>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<br>income|||||||
|Rent —Goat Street|||7,515||7,515|11,265|
|Rent - Aerial|||5,065||5,065|5,858|
|Dividend<br>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<br>income|||233||233|348|
|VAT recovered||||||19,413|
|Bank accounts introduced|||9,659|7,378|17,037||
|Insurance<br>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<br>and legacies<br>Goat Street Property costs|||!3,405||13.405|1,924|
|Donation<br>charges|||2,866||2,866|894|
||||16,271||16,271|2,818|
|Other trading<br>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<br>management||costs|||||
|Portfolio management|||504|2,929|3,433|4,685|
|Charitable<br>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,<br>choirmaster|&choir||84,066|17,479|101,545|105,866|
|Organist<br>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<br>costs|||2,980||2,980|2,600|
|Votive candles|||1,453||1,453|4,824|
|Flowers|||404||404|4,851|
|Cloister running<br>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<br>costs|||1,509||1,509|2,717|
|Vergers'<br>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<br>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<br>fees|||20,646|4,214|24,860|23,889|
|Recruitment<br>expenses|||1,050||1,050|6,515|
|HR Consultant<br>Fees|||8,105|2,623|10,728|10,984|
|Computer<br>expenses|||8,394|4,932|13,326||
|Non recoverable<br>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<br>costs|||||||
|Auditors'<br>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)|