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||||Page|
|---|---|---|---|
|Report of the|Trustees||3-9|
|Report ofthe|Independent<br>Auditors||11-14|
|Statement<br>of|Financial|Activities|15|
|Consolidated|and Charity Balance Sheet||16|
|Cash Flow Statement|||17|
|Notes to the|Cash Flow Statement||18|
|Notes to the|Financial|Statements|19 - 31|
|Detailed Statement<br>of||Financial<br>Activities|33-35|





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||19'Cursal|||The Sovereign||
|---|---|---|---|---|---|
|2000|Llawhaden|||Canon Dr P H BThomas,|MA, PhD (Chancellor)|
|||||—retired 31 August 2021||
|2009|Llandysiliogogo|||Canon S EJones, BA, BTh (Treasurer)||
|2011|6'"Cursal|||Canon J Gainer,<br>MA, LLM|—retired 30September 2021|
|2012|5a Cursal|||Canon AJ Grace, BMus||
|2013|Clydau|||Canon DJ LI Roberts||
|2014|St Nicholas,||Penyffos|Canon J P Lewis, BA||
|2015|Caerfarchell|||Canon<br>Rh M Johnson,<br>MA, PhD, BD, DPT||
|2015|4'h Cursal|||Canon<br>L Richardson,<br>BA,|BTh, PGCE|
|2018|Trefloden|||Canon<br>M H Rowlands,<br>BA, BD||
|2018<br>2018|Llangan<br>3"Cursal|||Canon<br>D H E Mosford, AKC, MTh<br>Canon S Bale, BA, BTh||
|2019|2"' Cursal|||Canon<br>M A R Hill, BA, BD, MPhil, PhD||
|2019|Caerfai|||Canon A G Loat, BD, MTh||
|2019|Llanfaes|||Canon<br>M L Osborne<br>RGN,|BTh|
|2020|Llanddewi|Aberarth||Canon JS Bennett||



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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
||||Notes||6|6|E|
|INCOME AND ENDOWMENTS||||||||
|FROM:||||||||
|Donations<br>and Legacies||||273,392|276,906|550,298|716,655|
|Other Trading<br>Activities||||195,244|0|195,244|137,285|
|Investment<br>Income||||35,194|3,904|39,098|29,005|
|Other Income||||3,035|0|3,035|29,451|
|Total Income||||506,865|280,810|787,675|912,396|
|EXPENDITURE ON:||||||||
|Raising Funds||||197,231|3,130|200,361|142,052|
|Charitable<br>Activities||||404,644|393,635|798,279|806,490|
|Total Expenditure||||601,875|396,765|998,640|948,542|
|Net Income before|gains/(losses)|||(95,010)|(115,955)|(210,965)|(36,146)|
|Net gains/(losses)|in|investments|14|41,012|27,830|68,842|56,541|
|Net Income/(Expenditure)||||(53,998)|(88,125)|(142,123)|20,395|
|Transfers<br>between|funds||20|4,500|(4,500)|||
|Net Movement<br>in|Funds||20|(49,498)|(92,625)|(142,123)|20,395|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward|20|1,284,043|536,877|1,820,920|1,800,525|
|TOTAL FUNDS CARRIED FORWARD|||20|1,234,545|444,252|1,678,797|1,820,920|





## 

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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
|||Notes|2021<br>F.|2020f|2021f|2020f|
|FIXEDASSETS|||||||
|Tangible<br>Fixed Assets||13|13,128|16,102|7,212|13,321|
|Investment<br>Assets|||||||
|Investments||14|751,690|687,184|751,690|687,184|
|Investment<br>Property||15|267,500|267,500|267,500|267,500|
||||1,032,318|970,786|1,026,402|968,005|
|CURRENT ASSETS|||||||
|Stocks||16|94,473|102,222|||
|Debtors||17|68,262|78,543|189,054|189,178|
|Cash at Bank|||560,428|749,977|509,844|729,425|
||||723,163|930,742|698,898|918,603|
|LIABILITIES:|||||||
|Creditors: amounts|falling due within one year|18|(76,684)|(80,608)|(58,909)|(74,852)|
|NET CURRENT ASSETS|||646,479|850,134|639,989|843,751|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||1,678,797|1,820,920|1,666,391|1,811,756|
|Total Net Assets|||1,678,797|1,820,920|1,666,391|1,811,756|
|The Funds ofthe Charity|||||||
|Unrestricted<br>Funds||20|1,234,545|1,284,043|1,222,139|1,274,879|
|Restiicted Funds||20|444,252|536,877|444,252|536,877|
|TOTAL FUNDS||20|1,678,797|1,820,920|1,666,391|1,811,756|





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|||||Notes|31.12.21|31.12.20|
|---|---|---|---|---|---|---|
||||||8|6|
|Cash Flow from Operating||Activities|||||
|Net cash (used in)/provided|by||||||
|operating<br>activities|||||(203,722)|(20,501)|
|Cash flows from investing||activities:|||||
|Purchase<br>of tangible<br>fixed assets|||||(3,794)||
|Purchase<br>of fixed investment||assets|||(121,766)|(142,567)|
|Sale offixed asset investments|||||126,102|144,793|
|Interest received|||||81|4,146|
|Dividends<br>received|||||13,550|12,279|
|Net Cash provided<br>by/(used||in)|||||
|investing<br>activities|||||14,173|18,651|
|Change<br>in cash and cash|equivalents||in||||
|the year|||||(189,549)|(1,850)|
|Cash and cash equivalents||at the beginning|||||
|ofthe year|||||749,977|751,827|
|Cash and cash equivalents||at the end|||||
|ofthe year|||||560,428|749,977|





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|||||31.12.21||31.12.20|
|---|---|---|---|---|---|---|
|||||8|||
||RECONCILIATION|OF NET INCOME/(EXPENDITURE)|||||
||TO NET CASH FLOW FROM OPERATING ACTIVITIES||||||
||Net income for the reporting||period|(142,123)||20,395|
||Adjusted<br>for:||||||
||Depreciation<br>charges|||6,768||8,810|
||Gains on investments|||(68,842)||(56,541)|
||Interest received|||(81)||(4,146)|
||Dividends<br>received|||(13,550)||( I2,279)|
||Decrease<br>in stocks|||7,749||(15,318)|
||Decrease<br>in debtors|||10,281||45,108|
||(Decrease) in creditors|||(3,924)||(6,530)|
|||||||(20,501)|
||||||Cash||
|2|ANALYSIS OF CHANGES||IN NET FUNDS|At 01.01.21|Flow|At 31.12.21|
||Cash at bank|||749,977|189,549|560,428|





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||||2021|2020|
|---|---|---|---|---|
|DONAllONS<br>AND LEGACIES|||6|6|
|Collections|||92,193|56,448|
|Gin Aid|||6,416|5,588|
|I egames|||49,001|112,473|
|Grants|||320,196|400,524|
|Friends<br>—re wages|||24,665|24,665|
|Friends<br>—re Choral Scholars|||8,250|8,250|
|Cemetery Account|||7,137|5,291|
|Flower Donations|||170|878|
|Other Donations|||19,355|19,906|
|Cefnogwyr<br>Ty'r Perenn|||1,112|1,482|
|Votive Candles|||21,803|12,028|
|Fdiends - re tower||||26,118|
|Friends - re Covid Support||||40,000|
|Friends<br>—re Chair Appeal||||3,004|
||||550,298|716,655|
|Grants received, included|in the above, are as follows:||||
|Diocesan Board of Finance|||47,363|47,362|
|Representative<br>Body ofthe Church||in Wales|30,000||
|All Churches<br>Trust Limited|||22,064|22,064|
|Christian<br>Arts Trust Grant|||1,000||
|Arts Council Wales||||17,100|
|Listed Places ofWorship|Scheme||1,243|7,038|
|Wales Cultural<br>Recovery|Scheme||150,000|149,961|
|Choir Emergency<br>Fund Grant||||29,600|
|Coronavirus<br>JRS Grant|||58,526|114,399|
|Coronavirus<br>Support Grant|||10,000|13,000|
||||320,196|400,524|





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||OTHER TRADING INCOME|OTHER TRADING INCOME|OTHER TRADING INCOME|2021|2020|
|---|---|---|---|---|---|
||||||6|
||Shop income|||159,886|99,947|
||Concerts and Exhibitions|||13,149|2,319|
||Filming Fees|||2,300|2,515|
||Tours, visits and library|||1,596|240|
||Ty'r Pererin Education|Centre||3,494|1,632|
||Refectory Income|||14,819|14,567|
||St Davids Cathedral<br>Festival||||16,065|
|||||195,244|137,285|
||INVESTMENT INCOME|||2021|2020|
|||||6|6|
||Rent - Goat Street|||20,415|7,515|
||Rent - Aenal|||5,052|5,065|
||Dividend<br>income|||13,550|12,279|
||Deposit account interest|||81|4,146|
|||||39,098|29,005|
|5|RAISING FUNDS|||2021|2020|
|||||6|6|
||Raising donations<br>and|legacies||||
||Goat Street property|costs||5,106|13,405|
||Donation charges|||4,012|2,866|
|||||9,118|16,271|
||Other trading<br>activities|||||
||Bookshop Running|Costs and Porth y Twr purchases||170,648|101,486|
||Festival and Concert||Expenses|14,700|20,862|
|||||185,348|122,348|
||Investment<br>management||costs|||
||Portfolio management|||5,895|3,433|
||TOTAL COST OF RAISING FUNDS|||200,361|142,052|





## 

## 

|CHARITABLE ACTIVITY|CHARITABLE ACTIVITY|COSTS|COSTS|Direct|Support||
|---|---|---|---|---|---|---|
|||||Costs|Costs||
|||||(see note 7)|(see note 8)|Total|
|||||6||6|
|Mini sti 7||||229,378|115,896|345,274|
|Cathedral<br>and Precinct|upkeep|||309,141|73,752|382,893|
|Education<br>and Outreach||||49,040|21,072|70,112|
|||||587,559|210,720|798,279|
|DIRECT COSTS OF CHARITABLE ACTIVITIES||||2021||2020|
|Staff costs||||207,307||179,272|
|Rent, Rates, water and insurance||||40,639||39,602|
|General repairs,<br>renewals|||and cleaning|107,157||40,297|
|Light and Heat||||52,678||47,547|
|Bishops Palace Running||Costs||4,912|||
|Cathedral<br>Library Costs||||5,116|||
|Organist,<br>choirmaster|and||choir|101,452||101,545|
|Ancient and Modern||||2,000||0|
|Performing<br>Rights Society||||915||706|
|Organist<br>lodgings||||10,775||9,543|
|Organ expenses||||8,219||3,215|
|Staff Expenses||||1,939||4,922|
|Canonry expenses||||5,782||15,073|
|Wine, wafers and candles||||2,005||1,457|
|Staff development<br>costs||||||2,980|
|Votive candles||||1,675||1,453|
|Flowers||||1,821||404|
|Cloister running<br>costs||||8,144||6,171|
|Capital projects||||8,951||123,413|
|Ty'r Pererin<br>running<br>costs||||9,911||16,488|
|Quinquennial<br>costs||||1,424||1,509|
|Vergers accommodation||||4,737||7,453|
|||||587,559||603,050|
|Capital Projects Comprise:|||||||
|Repairs to Wayside||||||7,595|
|Repairs to Tower||||||14,240|
|Repairs to Organists|Lodgings|||4,300|||
|Electrical work to the|Cathedral|||4,651|||
|Thomas Beckett Glass Screen||||||2,348|
|York Project||||||27,959|
|Repairs to Bell||||||42,576|
|Cloister Buttress works||||||6,195|
|Repairs to Cathedral|Pinnacle|||||22,500|
|||||8,951||123,413|





## 

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|||||||||Governance||
|---|---|---|---|---|---|---|---|---|---|
|8|SUPPORT COSTS||||||Management|Costs|Total|
||||||||F.|8|8|
||Ministry||||||113,586|2,310|115,896|
||Cathedral<br>and Precinct upkeep||||||72,282|1,470|73,752|
||Education<br>and Outreach||||||20,652|420|21,072|
||||||||206,520|4,200|210,720|
||Support costs, included||in the|above,|are as follows:|||||
||Management|||||Cathedral||||
|||||||&Precinct|Education|2021|2020|
||||||Ministry|Upkeep|&Outreach|Total|Total|
||||||8|8|8|6|8|
||Staff Costs||||71,998|45,817|13,091|130,906|97,210|
||Marketing<br>and website||||2,468|1,570|449|4,487|1,553|
||Postage and|Telephone|||3,487|2,219|634|6,340|4,219|
||Printing<br>and|Stationery|||7,399|4,709|1,345|13,453|7,123|
||Conference|and Meeting Expenses|||1,346|857|245|2,448||
||Legal Fees||||4,208|2,678|765|7,651|3,314|
||Sundry costs||||2,125|1,352|386|3,864|5,586|
||Professional|fees|||2,786|1,773|507|5,066|24,860|
||Recruitment|Expenses|||1,686|1,073|307|3,065|1,050|
||HR Consultant<br>fees||||3,319|2,112|604|6,035|10,728|
||Computer expenses||||4,897|3,116|890|8,904|13,326|
||Non recoverable<br>VAT||||4,506|2,867|819|8,192|20,920|
||Depreciation|offixed assets|||3,360|2,138|611|6,109|8,501|
||||||113586|72282|20,652|206,520|198,390|
|||||||Cathedral||||
|||||||8 Precinct|Education|2021|2020|
||||||Ministry|Upkeep|8,Outreach|Total|Total|
||||||8|6|8|8|8|
||Governance|Costs||||||||
||Auditors<br>Remuneration||||2 310|1 470|420|4,200|5,050|
||TRUSTEES|REMUNERATION||AND|BENEFITS|||2021|2020|
|||||||||8|6|
||Trustees<br>Remuneration|||||||Nil|Nil|
||The Aggregate<br>amount||ofexpenses||paid to Board member|||741|321|





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## 

|10|STAFF COSTS|STAFF COSTS|||||||||||2021|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||8||8|
||Gross wages||||||||||||381,626||249,455|
||Social security|costs|||||||||||23,012||24,432|
||Pension Contributions||||||||||||16,292||23,457|
||||||||||||||420|930|297,344|
||No employees||received emoluments||in excess of860,000.|||||||||||
||The average|number ofemployees||during||the year calculated|||on|full time|equivalents|||||
||was as follows:|||||||||||||||
||Festival|||||||||||||||
||Ministry|||||||||||||||
||Music|||||||||||||||
||Cathedral<br>and||Upkeep|||||||||||||
||Education|||||||||||||||
||Administration|||||||||||||||
|||||||||||||||17|18|
|||||||||||||||2021|2020|
||The average|head count ofemployed|||staff|members||for the|year|||||24|24|
||The average|number ofvolunteers||involved|||regularly|on Charity||business|is|28.||||
|||||||||||Group||||Charity||
||NET INCOMING RESOURCES||||||||2021|||2020||2021|2020|
||||||||||8||8||8||8|
||Net income is stated after charging/(crediting):|||||||||||||||
||Auditors<br>remuneration||||||||4,200||5,050||4,200||5,050|
||Depreciation||||||||6,768||8,810||6,109||8,501|
||Rents receivable||||||||25,467||12,580||25,467||12,580|



## 



## 

## 

|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||Offlce &Othei|Refectory|Treasury|Bookshop||
|Group|Equipment<br>f|Equipment<br>6|Equipment<br>6|Equipment<br>8|Total<br>6|
|Cost||||||
|As at 01 January 2021|96,923|123,224|146,563|16,145|382,855|
|Additions||||3,794|3,794|
|(Disposals)||||||
|As at 31 December 2021|96,923|123,224|146563|19939|386,649|
|Depreciation||||||
|As at 01 January 2021|83,602|123,224|146,563|13,364|366,753|
|Charge|6,109|||659|6,768|
|As at 31 December 2021|89,711|123,224|146563|14,023|373,521|
|Net Book Value||||||
|As at 31 December 2020|13,321|||2,781|16,102|
|As at 31 December 2021|7,212|||5,916|13,128|



|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Market value at 01 January 2021 (2020)||687,184|632,869|
|Additions<br>to investments<br>at cost||121,766|142,567|
|Disposals||(114,468)|(155,152)|
|Realised and t)nrealised<br>gains/(losses)|on investments|57,208|66,900|
|Market value at 31 December 2021 (2020)||751,690|687,184|





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|||||Group|Group|Charity||
|---|---|---|---|---|---|---|---|
|STOCKS||||2021|2020|2021|2020|
|||||E|E|E|E|
|Stocks ofgoods purchased|||for resale|94,473|102222|||
|||||Group||Charity||
|DEBTORS||||2021|2020|2021|2020|
|||||E|E|E|E|
|Trade debtors||||22,834|78,543|22,834|75,985|
|Gilt Aid receivable||||5,760||5,760||
|Other debtors||||11,859||11,674||
|Prepayments<br>and accrued||income||27,809||27,344||
|Amounts<br>due from trading||subsidiary||||121,442|113,193|
|||||68,262|78,543|189,054|189,178|
|||||Group||Charity||
|CREDITORS; amounts|faglng due within|||2021|2020|2021|2020|
|one year||||E|E|E|E|
|Trade Creditors||||32,006|74,208|18,709|70,252|
|Other Taxes and Somal Security Costs||||17,188||14,867||
|Accruals<br>and other deferred|||income|27,490|6,400|25,333|4,600|
|||||76,684|80 608|58 909|74852|
|ANALYSIS OF GROUP|NETASSETS BETWEEN|||Designated|Unrestricted|Restricted|Total|
|FUNDS||||E|E|E|E|
|Tangible assets|||||13,128||13,128|
|Investments|||||540,351|211,339|751,690|
|Investment<br>Property|||||217,499|50,001|267,500|
|Current Assets||||70,283|469,968|182,912|723,163|
|Current<br>Liabilities||||(2,491)|(74,193)||(76,684)|
|||||67,792|1166753|444252|1678797|





## 

## 

## 

||||||Net|Transfer||
|---|---|---|---|---|---|---|---|
|20|MOVEMENT IN FUNDS||||Movement|between||
|||||At 01.01.21|in funds|funds|At 31.12.21|
||Unrestricted<br>Funds|||E|E|E|E|
||General<br>Fund|||1,184,424|(29,371)|11,700|1,166,753|
||Designated<br>Funds|||||||
||Aumbry<br>Fund|||7,200||(7,200)|0|
||Library Fund|||9,384|(4,839)||4,545|
||Flower Fund|||6,120|(1,651)||4,469|
||Organ<br>Fund|||3,726|(3,161)||565|
||Deans Discretionary|Fund||57|||57|
||Festival<br>Fund|||63,132|(9,194)||53,938|
||Canon Watkins Legacy|||10,000|(5,782)||4,218|
|||||1,284,043|(53,998)|4,500|1,234,545|
||Restricted Funds|||||||
||Choir Music Fund|||668|||668|
||Property<br>and Equipment|||50,001|||50,001|
||Friends Scholarship|Fund||22,625|||22,625|
||Friends<br>Flower Fund|||3,247|||3,247|
||Friends Other Funds|||55,652|||55,652|
||Tudor Church<br>Music|||34,146|||34,146|
||Organist<br>Fund|||199,477|1,254||200,731|
||Millennium<br>Fund|||2,652|1,207||3,859|
||W M Jones Fund|||970|||970|
||Organ Scholar Fund|||44,431||(4,500)|39,931|
||Ty'r Pererin Fnends|Fund||24,000|(2,828)||21,172|
||Edward<br>Parks Legacy|||10,000|||10,000|
||Wales Cultural<br>Recovery Grant|||60,430|(60,430)|||
||Choir Emergency<br>Fund Grant|||21,200|(21,200)|||
||Cemetery<br>Fund|||7,378|(7,378)|||
||Sister Order of the Military &Hospitager||Order of||1,250||1,250|
||StThomas Aeon|||||||
|||||536,877|(88,125)|(4,500)|444,252|
||TOTAL FUNDS|||1,820,920|142,123)||1 678797|





## 

## 

||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
|20|MOVEMENT<br>IN FUNDS (continued)||||Resources|Expended|Losses|iriFunds|
||||||E||E|E|
||Unrestricted<br>Funds||||||||
||General<br>Fund||||500,912|(571,295)|41,012|(29,371)|
||Designated<br>Funds||||||||
||Library Fund||||277|(5,116)||(4,839)|
||Flower Fund||||170|(1,821)||(1,651)|
||Organ<br>Fund|||||(3,161)||(3,161)|
||Festival Fund||||5,506|(14,700)||(9,194)|
||Canon Watkins Legacy|||||(5,782)||(5,782)|
||||||506,865|(601,875)|41,012|(53,998)|
||Restricted<br>Funds||||||||
||Representative<br>Body|of the Church|in|Wales|30,000|(30,000)|||
||A8 Churches<br>Trust Limited||||22,064|(22,064)|||
||Friends Wages Fund||||24,665|(24,665)|||
||Friends Scholarshtp|Fund|||8,250|(8,250)|||
||Christian<br>Arts Trust Grant||||1,000|(1,000)|||
||Listed Places ofWorship Scheme||||1,243|(1,243)|||
||Bevan/Locke<br>Legacy||||24,684|(24,684)|||
||Ty r Perenn||||5,382|(5,382)|||
||Ty'r Perenn<br>Friends|Fund||||(2,828)||(2,828)|
||Choir Emergency<br>Fund Grant|||||(21,200)||(21,200)|
||Organist<br>Fund||||3,904|(30,480)|27,830|1,254|
||Millennium<br>Fund||||1,231|(24)||1,207|
||Wales Cultural<br>Recovery Grant||||150,000|(210,430)||(60,430)|
||Cemetery<br>Fund||||7,137|(14,515)||(7,378)|
||Sister Order of the Military SHospitaller|||Order of|1,250|||1,250|
||StThomas Aeon||||||||
||||||280,810|(396,765)|27,830|(88,125)|
||TOTAL FUNDS||||787,675|(998,640|68,842|(142,123)|
|21|PURPOSE OF RESTRICTED FUNDS||||||||



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## 

|A summary<br>of|th|e results ofSt Davids Cathedral<br>Bo|okshop Limited<br>is given below:||
|---|---|---|---|---|
||||2021|2020|
|Profit and Loss||Account|||
|Sales|||159,886|99,947|
|Cost ofsales|||(85,040)|(39,952)|
|Gross Profit|||74,846|59,995|
|Overheads|||(81,668)|(56,468)|
||||(6,822)|3,527|
|Other Operating||Income|19,136|24,328|
|Profit for the|financial year||12,314|27,855|
|Gift Aid donated||to Charity|(9,086)|(28,050)|
|Profit/(loss)|carried forward||3,228|(195)|
|Balance Sheet|||2021|2020|
|Fixed Assets|||5,916|2,781|
|Stock|||94,473|102,222|
|Debtors|||465|2,558|
|Cash at bank|||50,570|20,552|
|Due to Dean|8|Chapter|(121,442)|(113,378)|
|Other creditors|||(17,775)|(5,756)|
|Retained<br>Reserves|||12,207|8,979|





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## 

||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||Funds|Funds|Total|Total|
||||f|6|6|6|
|Donations<br>and legacies|||||||
|Collections|||92,193||92,193|56,448|
|Gift Aid|||6,416||6,416|5,588|
|Legacies|||24,317|24,684|49,001|112,473|
|Grants|||111,619|208,577|320,196|400,524|
|Friends - re wages||||24,665|24,665|24,665|
|Friends - re Choral Scholars||||8,250|8,250|8,250|
|Cemetery Account||||7,137|7,137|5,291|
|Flower Donations|||170||170|878|
|Other Donations|||16,874|2,481|19,355|19,906|
|Cefnogwyr<br>Ty'r Pererin||||1,112|1,112|1,482|
|Votive Candles|||21,803||21,803|12,028|
|Fiiends - re Tower||||||26,118|
|Fnends - re Covid Support||||||40,000|
|Friends - re Chair Appeal||||||3,004|
||||273,392|276,906|550,298|716,655|
|Other trading<br>activities|||||||
|Shop income|||159,886||159,886|99,947|
|Porth y Twr<br>Concerts and Exhibitions|||13,149||13,149|2,319|
|Filming Fees|||2,300||2,300|2,515|
|Tours, visits and library|||1,596||1,596|240|
|Ty'r Pererin Education||Centre|3,494||3,494|1,632|
|Refectory Income|||14,819||14,819|14,567|
|St Oavids Cathedral|Festival||0||0|16,065|
||||195,244|0|195,244|137,285|
|Investment<br>income|||||||
|Rent - Goat Street|||20,415||20,415|7,515|
|Rent - Aenal|||5,052||5,052|5,065|
|Dividend<br>income|||9,646|3,904|13,550|12,279|
|Deposit account interest|||81||81|4,146|
||||35,194|3,904|39,098|29,005|
|Other income|||||||
|Sundry Income|||3,035||3,035|233|
|VAT Recovered|||||||
|Bank Account introduced||||||17,037|
|Insurance<br>claim||||||12,181|
||||3,035|0|3,035|29,451|
|Total Incoming Resources|||506,865|280,810|787,675|912,396|
|This page does not|form part ofthe statutory accounts||||||





## 

## 

|||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|---|
|EXPENDITURE||||Funds|Funds|Total|Total|
|||||E|E|E|E|
|Raising donations<br>and||legacies||||||
|-Goat Street property|costs|||5,106||5,106|13,405|
|- Donation charges||||4,012||4,012|2,866|
|||||9,118||9,118|16,271|
|Other trading<br>activities||||||||
|-Bookshop and Porth <br>-Festival Expenses|y|Twr purchases||170,102<br>14,700|546|170,648<br>14,700|101,486<br>20,862|
|||||184,802|546|185,348|122,348|
|Investment<br>management|||costs|||||
|Portfolio management||||3,311|2,584|5,895|3,433|
|Charitable<br>Activities||||||||
|Staff costs||||105,497|101,810|207,307|179,272|
|Rent, Rates, water and insurance||||30,550|10,089|40,639|39,602|
|General<br>repairs, renewals|||and cleaning|20,574|86,583|107,157|40,297|
|Light and Heat||||35,458|17,220|52,678|47,547|
|Bishops Palace running||costs||2,377|2,535|4,912||
|Cathedral<br>library costs||||5,116||5,116||
|Organist,<br>choirmaster|and||choir|38,510|62,942|101,452|101,545|
|Performing<br>Rights Society||||892|23|915|706|
|Organist<br>lodgings||||9,735|1,040|10,775|9,543|
|Organ expenses||||3,161|5,058|8,219|3,215|
|Staff Expenses||||1,787|152|1,939|4,922|
|Canonry expenses||||5,782||5,782|15,073|
|Wine, wafers and candles||||2,005||2,005|1,457|
|Staff development<br>costs|||||||2,980|
|Votive candles||||1,675||1,675|1,453|
|Flowers||||1,821||1,821|404|
|Cloister running<br>costs||||5,729|2,415|8,144|6,171|
|Capital projects||||8,951||8,951|123,413|
|Ty'r Pererin<br>running<br>costs||||2,298|7,613|9,911|16,488|
|Quinquennial<br>costs|||||1,424|1,424|1,509|
|Vergers accommodation||||4,737||4,737|7,453|
|Anment<br>Connections|project|||2,000||2,000||
|||||288,655|298,904|587,559|603,050|
|Governance<br>Costs||||||||
|Auditors<br>remuneration||||960|3,240|4,200|5,050|
|Carried<br>Forward||||486,846|305,274|792,120|750,152|
|This page does not|form||part ofthe statutory accounts|||||





## 

## 

||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
|EXPENDITURE|||Funds|Funds|Total|Total|
||||6|6|6|6|
|Brought Forward|||486,846|305,274|792,120|750,152|
|Support Costs|||||||
|Management|||||||
|Staff costs|||54,599|76,307|130,906|97,210|
|Marketing<br>and website|||2,012|2,475|4,487|1,553|
|Postage and Telephone|||3,015|3,325|6,340|4,219|
|Printing<br>and Stationery|||12,969|484|13,453|7,123|
|Conference<br>and Meeting||Expenses|2,448||2,448||
|Legal Fees|||7,651||7,651|3,314|
|Sundry costs|||2,903|961|3,864|5,586|
|Professional<br>fees|||2,771|2,295|5,066|24,860|
|Recruitment<br>Expenses|||2,336|729|3,065|1,050|
|HR Consultant<br>fees|||6,035||6,035|10,728|
|Computer expenses|||5,232|3,672|8,904|13,326|
|Non recoverable<br>VAT|||6,949|1,243|8,192|20,920|
|Depreciation<br>offixed assets|||6,109||6,109|8,501|
||||115,029|91,491|206,520|198,390|
|Total Resources Expended|||601,875|396,765|998,640|948,542|
|Net (Expenditure)/income||before gains and losses|(95,010)|(115,955)|(210,965)|(36,146)|
|Realised recognised|gains and fosses||||||
|Realised gains/(losses)||on fixed asset investments|41,012|27,830|68,842|56,541|
|NET INCOME|||(53,998)|(88,125)|(142,123)|20,395|