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2020-12-31-accounts

Trustees The Reverend Canon M Balkwill
The Reverend S Huyton
The Very Reverend
N		 Williams
The Reverend Canon J Lomas
The Reverend Canon P Powell
Reverend
Canon J Matthias
Rev Canon J Hughes
Reverend
Canon
N Morris
The Venerable Dr B F Wilson
The Venerable AS Grimwood
The Reverend Canon M Batchelor
Charity number 1t59494
Independent examiner Sage &Company
Business Advisors		 Ltd
102 Bowen Court
StAsaph
Business Park
StAsaph
Denbighshire
LL17OJE
Solicitors Swayne Johnson
Solicitors StAsaph
Diocesan Office
High Street
STASAPH
LL17 ORD

Page
Trustees' report 1-5
Independent
examiner's		 report
Statement offinancial activities
Salance sheet
Statement ofcash flows
Notes to the financial statements 10-22

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
Notes 5 8 6
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Donations
and legacies
Charitable
activities		 311,615
17,142		 33,225 344,840
17,142		 154,349
36,817		 38,178 192,527
36,817
Other trading
activities
investments		 11,600
907		 11,600
907		 14,725
12,420		 14,725
12,420
Total income 341,264 33,225 374,489 218,311 38,178 256,489
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Raising funds		 1,116 1,116
Charitable
activities		 205,563 205,563 222,786 196 222,982
Other 12 935 935
Total resources
expended		 206,498 206,498 222,786 1,312 224,098
Net gains/(losses)
investments		 on
13		 (20,893) 11,867 (9,026) 5,447 18,561 24,008
Net movement
in		 funds 113,873 45,092 158,965 972 55,427 56,399
Fund balances at 1
January 2020 370,167 399,118 769,285 369,195 343,691 712,886
Fund balances at 31
December 2020 484,040 444,210 928,250 370,167 399,118 769,285

2020 2019
Notes 5
Fixed assets
Tangible assets
Investment
properties
investments		 14
15
16		 2,013
359,338
252,064		 245,000
241,431
613,415 486,431
Current assets
Debtors 18 27,678 144,488
Cash at bank and in hand 325,677 155,131
353,355 299,619
Creditors: amounts
one year		 falling due within 19 (38,520) (16,765)
Net current assets 314,835 282,854
Total assets less current liabilities 928,250 769,285
Income funds
Restricted funds 20 444,210 399,118
Unrestricted
funds		 484,040 370,167
928,250 769,285

2020 2019
Notes f f
Cash flows from operating activities
Cash generated
fram/(absorbed
by)
operations		 25 305,785 (133,256)
Investing activities
Purchase oftangible
fixed assets		 (2,149)
Purchase of investment
property		 (133,998)
Investment income received 908 12,420
Net cash
investing		 (used in)/generated
from
activities		 (135,239) 12,420
Net cash used in financing activities
Net increase/(decrease)
in
equivalents		 cash and cash 170,546 (120,836)
Cash and cash equivalents at beginning ofyear 155,131 275,967
Cash and cash equivalents at end ofyear 325,677 155,131

Donations
and legacies
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020
8		 2020
8		 2019f 2019 2019f
Donations
and gifts		 46,257 46,257 43,565 43,565
Grants receivable
for
core activities		 265,358 33,225 298,583 110,784 38,178 148,962
311,615 33,225 344,840 154,349 38,178 192,527
Grants receivable
for
core activities
StAsaph Diocesan
Board ofFinance		 116,885 116,885 68,944 68,944
All Churches
Trust		 11,031 11,031 11,031 11,031
Listed Place ofWorship
Scheme		 1,327 1,327 10,809 10,809
Friends ofCathedral
Music		 16,800 16,800 20,000 20,000
HLF Emergency
Fund
HLF		 21,000 33,225 21,000
33,225		 38,178 38,178
Welsh Cultural
Recovery
Fund		 119,660 119,660
Other (21,345) (21,345)
265,358 33,225 298,583 110,784 38,178 148962

Other trading
activities
Unrestricted Unrestricted
funds funds
2020 2019
5 f
Rental income 11,600 14,725
Investments
Unrestricted Unrestricted
funds funds
2020 2019
5
Income received from listed investments 895 1,050
Interest receivable 12 11,340
907 12,420

Total Restricted
funds
2020 2019
6 5
Fundraisin and ublici
Advertising 1,116

Unrestricted Restricted Total Total
2020
5		 2020
5		 2020 2019f
Staff costs 77,032 77,032 58,095
Chaplains
expenses		 610 610 102
Dean's Libary running costs 2,061 2,061 2,613
Music costs 6,790 6,790 10,989
Choir expenses 1,996 1,996 3,156
Song school expenses 4,315 4,315 5,134
Ministers fees 72 72 293
Parish share 51,385 51,385 38,585
Water rates 1,615 1,615 2,354
Premises
insurance		 15,686 15,686 13,953
Heat & light 25,340 25,340 23,996
Car park management 563 563 426
Office expenses 1,521 1,521 1,707
Computer expenses 749 749 282
Books, candles etc 1,896 1,896 4,572
Flowers 32 32 360
Catering
&refreshments		 336 336 1,537
Telephone 890 890 774
Legal 8, professional fees 1,854 1,854 3,598
Repairs &renewals 6,991 6,991 25,064
Bank charges 229 229 354
Advertising 64
Subscriptions 169 169 168
Miscellaneous
expenses		 895 895 701
New Development costs 7,361
Depreciation 136 136
203,163 203,163 220,582
Share ofgov costs (see note 9) 2,400 2,400 2,400
205,563 205,563 222,982

Support c osts
Support Governance 2020 Support Governance 2019
costs costs costs costs
8 8 8 8 8 8
Audit fees 2,400 2,400 2,400 2,400
2,400 2,400 2,400 2,400
Analysed between
Charitable activities 2,400 2,400 2,400 2,400

The average monthly
number ofemployees
during
 the year was:
2020 2019
Number Number
Employment costs 2020f 2019
8
Wages and salaries 72,024 52,782
Other pension costs 5,008 5,313
77,032 58,095

Unrestricted Restated
funds Total
2020 2019
8
Bad debts write-otf 935
For the year ended 31 December 2019

Net gains/(l osses)
on		 investments
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
6 8 8 8 9
Revaluation of
investments (1,233) 11,867 10,634 5,447 18,755 24,202
Gain/(loss) on sale of
investments (194) (194)
Revaluation of
investment properties (19,660) (19,660)
(20,893) 11,867 (9,026) 5,447 18,561 24,008
Tangible fixed assets
Computers
Cost
Additions 2,149
At 31 December 2020 2,149
Depreciation
and impairment
Depreciation charged in the year 136
At 31 December 2020 136
Carrying
amount
At 31 December 2020 2,013

2020
6
Fair value
At 1 January 2020 245,000
Additions through external acquisition 133,998
Net gains or losses through fair value adjustments (19,660)
At 31 December 2020 359,338

Listed Other Total
investments investments
6
Cost or valuation
At 1 January 2020 &31 December 2020 241,331 100 241,431
Carrying
amount
At 31 December 2020 241,331 100 241,431
At 31 December 2019 241,331 100 241,431
2020 2019
Other investments
comprise:		 Notes 6
Investments
in subsidiaries		 24 100 100
Financial
instruments		 2020 2019
6
Carrying
amount offinancial assets
Instruments
measured		 at fair value through profit or loss 251,964 241,331

18 Debtors
2020 2019
Amounts falling due within one year: 8
Trade debtors 1,895 5,995
Other debtors 25,783 138,493
27,678 144,488
19 Creditors: amounts falling due within one year
2020 2019
8 8
Trade creditors (4,356) 9,315
Other creditors 42,876 7,450
38,520 16,765
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21 Analysis ofnet assets between funds ofnet assets between funds
Unrestricted Restricted Total Total
Funds Funds
2020 2020 2020 2019
5 6 6 5
Fund balances at 31 December 2020 are
represented by:
Tangible assets 2,013 2,013
Investment properties 264,338 95,000 359,338 245,000
Investments 44,732 207,332 252,064 241,431
Current assets/(liabilities) 206,725 141,878 314,835 282,854
517,808 444,210 928,250 769,285

Amounts owed by related Amounts
owed		 by related
parties parties
2020 2019
Balance Balance Net
5 5
StAsaph Diocesan Board ofFinance 120,000 120,000
120,000 120,000

Details ofthe charity's subsidiaries
at 31		 subsidiaries
at 31		 D ecember 202 0 are as follow s: s: s:
Name of undertaking Registered Nature of business Class of
'/o Held
office shares held
Direct		 Indirect
Transistors'
Tearoom		 UK Cafe Ordinary 100.00
Limited
25 Cash generated
from		 operations 2020 2019
8 8
Surplus for the year 158,965 56,399
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (907) (12,420)
(Gain)/loss
on disposal		 of investments 194
Fair value gains and losses on investment properties 19,660
Fair value gains and losses on investments (10,634) (24,202)
Depreciation
and impairment
oftangible		 fixed assets 136
Movements
in working		 capital:
Decrease/(increase)
in		 debtors 116,810 (119,427)
Increase/(decrease)
in		 creditors 21,755 (33,800)
Cash generated
from/(absorbed		 by) operations 305,785 (133,256)
26 Analysis
ofchanges		 in net funds
The charity
had no debt during the		 year.