Chwtty r•gkntrth numb•r 11•6166 THE FRIENDS OF LLANDAFF CATHEDRAL ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023
THE FRIENDS OF LLANDAFF CATHEDRAL CONTENTS P•p• TfU•t•¢i r•pcrft Indopwtht exwninefs r•port Sltem•nt offNrKIBI ad¥lU Bal•rK• 11¢¢ Nots8 to IM fir4ndo1 gl•ffle 9-19
THE FRIENDS OF LLANDAFF CATHEDRAL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEAI8ER 2023 finandBI Statements pnl ¢omFty 1he d0mentI. th8 ChartsB Act 2011 and 'A¢wunllng and Ropjrtwig by Cl•rftkn: stst•m•nt d ReC0ft¥n Prxaé •F¢We to cthJnOes thelr accwnt8 4ccordqrts 41h th4 Fknandd StwKl•rd •prtA• in th• UK ol Ir•larAI IFRS 1ff2>' {effectlve 1 20191. Obj•GtI¥ and acthiu Th• objects and ofth• CIO w•... . To hdp •nd fin•rKa•lly Ch8tkn Cafvdrd for tho w¥0)n. m•trrtwnC• and •nhAnc•m¢nt ofthg Gthth•l ol Ll•rthff. . To sUPPryt •nd trad6th)M Df TDr¥hlp In the th8th1, •wrtrg •rKI ML to wppcft the life, tornhlp and mbn ol thB Cath8th. Publk 8•n•fft The Iru8tees hove pthd r•Jwd to lsw•d by CMIlty Ctynmlmlon In tJ•ddTra tho charfty Id undertak•. In pl•rwN th1u. In kwUaA•r. th• tsultl 1lj•r h¢hv •ctMI TnJ8te8¥ r•h• rnonvy Ind make •nd +Jon•tKm to U•nd•ff Catrthl. Lkndaff Colhedr411i • pl•c• tyl hhtoril end culur41 importance. 11 hc4d8 vjncertj. m•lnlaA and hosts èvent8. 11 li tw to thè putllo m•klrw pollcy Th• c•thr•I Ch•ptw 1thSt grn)t •k¥41¢btyM to lh• tru¥lM¥ foT ¥p•dk kYded8 tht tsy h•v• fvrad. Th6•• co101•d ty th• tru••8 •rhJ11 •r• opprtr4•d. gr•nts rn * toth• Cathedral. Achl•v•m•nts nd p•rlorni•n Durfng th• y•w mol ¥Ath of h Ch•M•r to plan8 b••1 tho FrhThl• eId upport them. Dec15k>ns wer•t•ken to ¢bYrd gts of £45,000 lo stppNt c•lfie(lrnl mu8k, £281,776 lUrdS T01 upgTad8 of1ho hoalr¥ £575 to h•¥> furKI I crnt olth• c•th•drnl Vlnanclol rnvl•w It 15 Iha polky o11he chartty that fimds tAh ha¥e bg8n d•nat8d lor a u8e should t m•1rrtaW at not &B than •xp•rth. Tr knJs10•8 cw&der that reaervey at thb IMII 7•AII er¥8ure that. Iho e¥•nt ol o Wcart thcp In firKlkng. thoy VAII be able to ¢h•rt8 ¢Jffr•rt athlvos thle corwld&Tth18 glwn to ways In vhlcJ add01 fur•Js be raised. This lèvtj of re¥wl haB bBon mdntatrwd lthughout th• y•8r. The flnan¢lal tht•mS Sr IrNethrts at M•ketVal. Gn•ts thrir¥ th• year amnIed tg £314.351. Unr•itrfra•d r••thw •t 31 D•ffl 2023 wern £814.937. ehwtty h•8 r4) empbyett FY•ns to rnCrt Y fwg808at4# futwe. V4brf( i)n bgh•if of th•
THE FRIENDS OF LLANDAFF CATHEDRAL TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Struclurn gov•rnanc• and m#n•gwMnt The a Cttathth PrdanI Chlr Mr• L D Qulrn Tntst LDQUIM M E G PJthr8or+-R••d Caplakn Slr N LWEthwarfs trAADRe B Rctrf•tyb DrA J Ethb•rOg Mr D G Cdllr ACknp8y Mrn S ACMbhi~ •pPO•d 1310&r2fd3 Mrj¢-¥Fh 21M1r23 Nor ol •ny binefityAI inter• In tre CIO. Al crf th• tr1881 ¥• m•rYern ol th• CIO •nd guorgntètr to n1ftArte £1 in the event of 8 wiThlng up. Tr CIO to r•crtdt truotè•¥ from bth Inald• Ar rAthd• of tr C•th•dr•l ¢ommurAly, from amorKJ th0 •n int•rnst In the herK8y. ¢ture lrnditKM ofthe Caal. Trusl•es a •ppoiTrted 81 fv AMug1 ()¢nef•l Meeting. Durify3 t yr •xhllry tWsts8• may apwlnt n•w tsu•tè88 who wlll b8 requlred to r•dm ar •l•nd for rtrapWnlfflW 41 nextAGM.
THE FRIENDS OF LLANDAFF CATHEDRAL TRUSTEES REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 R•f•renM ind •dmlnl•trth Inlornwtlon Chadty number 1195865 Gov•rthg documgnt CIO.AM0cl8ttc rq8d 21 Serlembw 2021 Bink• Uo>th Bank l Str•ei Carthff CFIO 2AF COF Chirty 1 Arwl L• EC4R 3A8 Ind•p•nd•nt ex•mln•r Ty D•r Umè Tf•ts C¢MKt CF23 &48 Prln¢lplAddr• PTeb•thl Hou Ca CF5 2LA Hon•x•ry trUr•I Brkn RobirAon 10 BiilwAveN cah1 CF6 2HJ Honornry ••cv•l•ry Arthw Impoy 5 Deart Cke Lland•ff M•mb•rnhlp ••cr•thry DrAJ 2 Mmxor* Pwk CF14 OUH
THE FRIENDS OF LLANDAFF CATHEDRAL TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEAIBER 2023
THE FRIENDS OF LLANDAFF CATHEDRAL INDEPENDENT EXAIIINERE REPORT TO THE TRUSTEES OF THE FRIENDS OF LLANDAFF CATHEDRAL l ptsrt to It trust•e6 cn my •xanir•tiM cl ol T Frfwvjg ol LW C•thedrnl (the aftyl tor IM year ended 31 Decmbw 2023. R••pon#lbllltl•s and b••l of r•port the r•quk•ffl•rts dth• Chqrld••Acl 2011 ryh• 2011 P4. I rewt in r••p•(l ofmy •wntnlm ofiiw dwrW• frnwl •l•ttrhwts ••(Xlon 146 of lh• 2011 ILt. In c8tyng Out my •Xwrt1rkn I hAV• fofmd d th• •pplrA>l• (Xyqcll gl¥•n ty th• CtTIty ComThd8qlc undor sodon 1445llb) 2011 kl. Ind•p•nd•nt •MmlA•f •tt•m•nt and R¢poitn9 ty CAwbll•o sY•p•thNJ thetr 8<tounts In •ccud#re wlth ts FIr1 Repthng SlonJwd app¥ceo tl UK ond ol IreloTrd {FRS 1021 ) to ? Rgtxxllng by Ch. SlaleTnenl ol Remmmwthl Pr•Glk• l••wl rn 1 Awl 2005 wllch h r•lBrred to kn the •xl•n¢ rogubltkm h•• nryw bvon whdran. l U•lnd th•1 has been done kn ordw for InwKlo1 st8tM)errts lo pmlde • ar lak vlvw h AC(4 ¥Ath GTallYA¢pOAcC0uft1In9 Pr•clk8 tffeth• l)1 or 4ftor 1 2015. I Iwe ryjnplth rny eyJmln•lM. l ttrfmi trot no m816f8 h8¥• coma to ry •llwWon tmth th• •x8min•th)n givlng me c•LM to belim th91 kn ory r•w¢a.' •¢%ounttr¥ recuds n¢ k•pl in Tpect cAth• Ltsy u r•4Lthd ty q•dlon 130 (rfth0 2011 Ad; ty Ihe Ind11 stalèmonts do tre rec<¥d•', Ihe or#s•1 •iemenl8 do rnt nY the wlk4blD r•qtknnwts c¢rurrty the ftrm •rKI accourts In lh• Chwilits (Aowrts Regulokn$ 2008 oth•T th•n My rwutr•mwrt ljwl lh• •ccour)ts glve • th)d falr vlthw ts rK* a c¢n$ed •8 part cl an ependent ¢xJmlno¢lon. phxld be In tr1• r¢wrt In ord•r k •nth • prnper ol ¢h• fNnd•l •t&t8m•nts lo bo r•ocW. Jo•nn• Thylor FCCA DChA Az•t• Audlt S•r¥lu• Um• Trn• Cwl C•rdff Gat• Bu8ir• P•rk Card CF23 &4B Unlt•d Klwd¢4n
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THE FRIENDS OF LLANDAFF CATHEDRAL BALANCE SHEEr AS A T 31 DECEAIBER 2023 Flx•d u•ets Inv•ilm•rt¥ 606,512 577,013 17 303,026 135,783 276.653 301.196 C•Bh 01 bwk •nd In h•Thl 678,399 Crndltorn: •TrYunts T1 on• y••r 18 (1.174) (1,143) 439,116 6n256 TDtsI •u•ts l•M ¢urrffit Il•blllll•• 1.047.827 1.154269 C•pltal lund• owm8nl knrMl$. g¢r•rnl Incom• fund• fund8 Un11¢d lur•J• 22.655 24,837 210,035 614,937 471,811 657.621 1,047.827 1.154.289 é,/kn_ ) ej4
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢Gountlng polkl Ch•rtty Infomiatlon Frf•nd8 of Lhnd•ff C•trdrnl l• a Ctrwlt•tAe Ir1 r•glstered 21 S•ptsTrthw 2021 whose Fyinapal 18 Uarthff C•lheth. Athifftistrnbon Offir, PrnbwbJJl Ho, LIdIff. C•rdh7. CF5 1.1 A¢114 ¢onv•ntlon Th• flnandal •tatm bo wlh th• I•)nIr dDrJJmrrt, tho ChJrllle8 Ad 2011, FRS 102 Rapung Stwdvd in the UK •nd R•publK of Irola fFRS 102.1 Clwlues SORP and R•pxUw by CharM8s'. Slat•m8nt RKommwd•d Pr•¢Yc oFWk•t4• lo chorfUo• tho •C¢QL¥ts kn ttCOTthrte wlh ttrn Fkn&nd Rewlng Standard •ppIlb In the Ll( •ThJ of lrnlwld {FRS 102r leff•cafv• 1 J8nw 2019>. thiiity IB d Public 8en¢fft Enw a6 d4fin•d by FRS 101 The ch8rfty ha8 tqk•n of SOFIP ky <wlO8B not a Stst4Mnt CA lh Flow•. Thè In8ndal 6t8t8meNts dopwted frcyn th8 crArIl {kn>tI R•wt8) R•gulath)n8 2008 orty trj th9 8Xt•nt r•qulr•d to wovSo a tw8 aThl latr t4bThi. Th18 dapariur• h88 hl1 fdkwlng th• Ststgmont ol R•¢cmm•rnle(I Pr4( fof eknilei •ppfylry FRS 102 r•thw Ihffi Ihe rI)n ol st4lwn•nl Reccnmended Pr•cllce thlch 1$ relwf•d lo In R•guWons Ixrt TAthIth dnce bo Th1thd. fln•rdal •lat8ment8 prep¥•J In ttich th the lMY of ch•rlty. Mon•tary nts in fin•%ll •teI IA r¢Md•d to Ihè nre1t L Thè fin•rKlal Atatam•rts bo prnkwus wKl•r cr4t Tho p[IrKal 4G¢ountkng pc4d•8 adoO•J w• oet +>Jl tw. 1.2 Golng ne•rn Al the lime ol •Pr the Iln•ndo1 ststem•nts. th• tru•M h•Nn • r••8¢• expec4llon that th• eha ¢thnu to •Joplth• gcaw Mnr7J b• (rf •¢u)urllng In ffln•nd•t thm•nts. 1.3 Ch•rflabl• fvnd• Unfa8trkted fijrth ar• a%•110 for at tho dltcrnllon of thè In fUtr¢4 ol trr Ra8trl¢aqd ld¥ are suLlect to speak c¢ThJitK¥M by th)rwJrn as lo IKMf thoy may bg ld. The and UWJ ofthè rethded fimdi are let wt In th• tothe 8l•twnwl8. EndNm•rt knds we wt4•ct to 8p•clc dLYKn tr•t ts ca1 mu b• mglrt•lngd by the d)8rfty. 1A Income th• •mourt# bo mtr8Bur•rl mllatfy. It trot tAIII b8 fThd. of Ihp th)natvJn. unths p•rfumvu ayndlor• reqre dOrTal of ww)L IwA)mo tsx [W49T8b In to Lkn•kn$ rec•l¥•d urthr QhlAJd or of cov•nont Is rwriwd at thi tirrv4 of th• cbnalcfi.
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL sTATEmErs (coKriNUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Accouniing pollcl (Conlknu•dl Lews are feMwised on reLpt or rf tt ch•rlty has been of an PdIva cl1str1bL(. the omount is kncrlm, ard r•ceiM Is expe(thl. 11 the anKyJnt i¥ N)t kntr•m, the acy h treated as a ccffllr•nt ••••l. 1.6 Exp•ndltur• Exwdrtwfr 18 recwS8od On Is a gAI or constnth otligalion to transfer etsjnthnic neffit to third p8rty, It 1$ wob8ble IMt 8 Irwofw of ecwmk lM ba requir1 In emenl and th8 amounl thè obligatkjn (an b• Mèalw rellaw. ExpditUrn 18 d•6sthed by athity. The o)sts of eath activty •r• mèdo vp ol tofvl cl di cut• Ind 8harnd ¢08, Indudin9 SLVP¢ft costs inbrl¥od in un(knrtokirwJ •¢vty. c118 attritNJiALYe to a Bingle Bellty are allocated dlrecuy to Ihal tt¥. Shwed c06ts contribukn lo mry• th•n gn• •cthlty and iurw1 costs vthld) er• ncl attribut86 to • •trvJb• KO¥lty aro •pportlmgd b•lan th8 athlbs a bJsl8 ¢LV181st•nt wllh the u#6 of re8ource8. . 1.$ Flx•d •v•t Inv••tm•nts Flx•d •88•1 inv•¥lmenli ar• Iriuaity mea• •t pru ¢%¥ ¢o#•. Ind suby•quenUy meawJed at fatr value at e8d) date. Chonge• In f•lr vakni afe recogrl•ed In n•1 Inme1(axpandturol for tho y08r. Tran8aLl COBts ar• •xpThd a• inwrred. 1.7 C••h and gqulvahnts Cash aNI 8h •qur410nt8 Incl c•ph n h•rrfl, hdd at c•1 tmth t•nk4 olmr $Irt.1•mI Iquld inv•8tmenis ¥Ath vln81 m•tuthi•8 of ttwg• m¢yth OT l•Ns, bonk ov•rdrafti. 8llnk Dv•rdr4ft• ¥r• ohgwn wthln bOrmn9 In ¢ur(•nt 1.5 Fln•n¢l•l In•trurn•nts Th• chirty has •le¢a•d to appty cl S•dkffj 11 '8••lc Flnondgl IrAtrum•rrtB' •nd S•ctbn 12 'Other Nn8rKial InstrentS Issues, of FRS 10 •ll of rt• finwKi•I InnnI•. Flnan¢l•l Itr{n9nts &Y• r•ccrfwbB•d kn th• balanc• theet th• cTIty becom•¥ party to th• Fln•ncial a6¥ets liatilities •re offlrt th t nel ¥mounts p1¥ kn lh& ffinondal slatem•nts, when thw• is 8 le9ally enforc•&ble right lo set off ts wni8ed amourrts thef• 1$ an N)teth"on lo 8eltle Dn a net bo0 or lo rvallBe lh• ¢1 Jnd •ellle tr Ilat41ty iinul1arwwy. 88sK finan¢i81 ¥s8•t8, indLAl• debtorn aThJ cash arKI bces, we irwb<y rneasur•d at tran88cllon prkn In¢lLKlirvJ tran•actlcn ¢0615 9 wfled 8t amryti5¢d cost the effective Inlwest metf£<l LM1 the arrangwrtent conslttules a ffiron¢ing transgdon. whgre I tronsacfjon 18 méasured at the PfeBent ol thtr fvturo rÉcdpts di¥ourthJ at a ral• of inl•r•8t FinAnd918680ts cla18rfts aB Teceivat4e witrwn one year are amorbsed. -10-
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Attownllry pollthl IConUnu•dl Bas1¢ fin•ncl•l IlablHlles B8 financial lthts'Y8s. k4n6 are Inlttolty TW816t tr¢On prlce unless rx>n8tlith 8 Ilntr)clrvJ trBnsthi. U debt intrurTWrt 18 meawred at the Present Val of fuiwo payment• al • r•1• (l l•Lth8 cl•Mlft•d •B p•y•blo one year are ncA amorb"sed. O•bt kn8lnJm•nts wt4•qu•nty c•rrfed •t wnrrt••d txrt L¥lng IM elhdi4 lrttw••t rt• mthod. Tr•d• cr•<fitorn •re oLlig•1 lo p•y for th•1 bwi Jcqukad In the oft#nwy Gourne 01 operakn frorn aUPF4ktr8. Am¢xrrt8 pty•bk •re dwwfied as li•bilit• rf payTrent IB wthin on• y08r or 108?. 11 n. they orn V•B•nt•J as Ilabi1rt6•8. Trnde ¢xedorn we rocognw InttL•lly at tr•nM¢UM yk• •nd wbg•qwrtty •t wnc4Od cosl •ff•clw Int•r•st method. Flnandd Il&WIM•8 ar• •jWvcc when tho dMy'• contrathHI ok4•hn• •XO u Ar• d8ch8rged % c•nc•lknd. CrWI •¢¢•urtlng lknit•• •nd Judo•mnl• In applk8Yon of c•ty8 polic18•, rwJr•d kn mok• Juements. e81im8te8 •Thl a8wmpUoM abwt the cwry4rvJ wmurt of •M8ts •NJ lithlitkn tr1 •r• ni r••(lty •Fr•nI from othrrf Kure. T 08th))at•¥ And am¢•t•d aBsumplk&ns aT• ba8•d on hlst(xical gxporfwK4 and dhèr fctty• t •re conBlder•d to fd•v•)t. Act1 from Ilw lM•1•. The Qm)hI and dy11vj •wirnrAkn¥ •r• rvlw••Td on w or404 ba8b. R•vldon• to I0n11n9 ••llm•i•# are rwniJ¢d In pertod in th• •8iim•l• is tre t r10Th •lhcl8 th•t p8rhJd, or In th• p•rb]d of rffirf•k •nd pwlod• the rnthllon aff•cth both wrenl 8nd fLrture Don•llon• •nd knq•cl•8 Total fund• fund• fundB nd• g•n•rnl 2022 2022 2022 DrThtKY¥ and gfts .398 112,M3 7TI.S79 471,811 24.409 1274. 120.3gg T18.870 471,811 24.409 1275.090 Don4llon• •nd gln Dorolh)rA 8,188 8,18B th•rity to CIO 471.811 24,409 1265,902 777,870 471M11 24.40D 1.274.090 11
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2023 Don•tlon• •nd1•gKI•• (Contlnu•d In the y68r. not 8SBets from The Frt8nd8 ol Uandaff Catfrthl {ctrArty rAmber 5D1362) The n•1 u••ts ol Unrestr rnt •Met• d £789.682. re•trkod n•t •t¥ of £471.811 arxl •ndtrlrt nèt of£24.400. Ch•rll•bl• •ctlvltl•• 2023 X•22 E¥•s Inc 1,257 472 12-
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THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEAIBER 2023 (Xh•r Incom• Total Unve¥trl¢ted fund• 2023 2022 01kr inc(¢ 25 R•hkng fun Ufftv•*trfct•d UhM•trkt•d lund• fund• 2023 Other fundr•l¥irrfJ costs 2,954 2.954 2.626 CMthbl• •clMtI•B 2022 Inwrnnce Qther E¥4WW8 158 130 157 157 Grant fLThlSr4J of 11•$ {#•è rth 9) Shar• ofgov¢marKe IM? 10) 314.351 1.004 45.CQO 1.100 315.641 40,257 AMty•lb ty fvnd Unrestrlcted ldI 53,865 261.776 48,257 315.841 46.257 14-
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (coifllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 qrnnts p•y•bl• 202J Mudc of1 Cthlr¥l Ma1 uw•d• of CalldI•l He•ti¥ Syaeffl ()8rdttn ol RemMbrar 43.000 281.778 7.000 576 45.OCKI 314.351 45.0ty) 10 8upport co•ts 8upport Gov•rn4nc• ¢o•ts 2022 Indepondvnt exandnthn lo 1,100 1,100 1.100 11 TrwtM• None of th? trusteeo Iw •ry perwxw conrded wlth Ihwn) ary or n•ffi11 from the tharlty duriry t y•ar. 12 EnWoy• 2023 Numb•r 2022 Number 15-
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 13 N•t9•In{los•j on Unr•rtrktsd EndoknTh•nt nd• nds n•rnl 2022 Totsl Uttrn•trkt•d nd• 2023 AlUAt of Investrmnts 57.499 1,173 <90,9991 Th• rnVal10n gdn a 9th on fixed •M8t £31.499 12022 lom £87.652} •nd • r•V•a0n galn on oJry•nt owit inve8tmelM of £27.173 P022 bx• of £23.347}. 14 TtIOn charjty * •x•mpt from tax on Intcrn Ind g8kn8 f•lllng wIn 505 ol Ihe T#xe8Ad 1988 or •ecilon 252 of the Tbxatlonof Cforgeable Gglnskt 1992 10 th• •xt•rt that thme Are athled to tt• [habI¥ Unll•t•d Inv••tm•nts Ct or ¥•lu•tlon Al l Janugry 2023 Valualljn thatvJe8 577,013 31,499 At 31 Decembw 2023 60e.512 Carylng amount At 31 D•¢•mb8r 2023 608,512 At 31 D•c•mber 2022 677,013 16 l>•btorn 2023 2022 Amoubts f•lllw du• Th*hln on• y••r. 7C(I 550 17 Curr•nt M••t knv88tm•nts 2023 2022 Unlsted in¥thrts 303.826 276.653 -16-
THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 11 Crndltarn: wnount• f•llng du• ¥Athln on• y 2023 2022 1.174 1.143 19 EN1¢y•rf fvnd• ondcvm8nl fvnd8 e4n bè Ltséd in enCe wilh c8 of canty and ly a$ unr•Btrictsd 1nqyno.kny raF41BI g•h or loB••s artolw on IM as•611 1)m pwt IWKI. ln fun •rKI ¥1 D•c•mb 2021 E E•rb B•quMt 24,837 13.3651 1.173 22,655 24.837 1.173 22,655 29 A••trlGt•d lundB {Jon•15 •nd held on truot for spedk F4JPC•D8: Bal•nM •¢ R••owE•• 8•l•n¢• a3 L•gocy rnc•hd. P•tr• F¥ta TYTh1 471,811 471,811 1261,TX8) 210.035 labrlc. 17-
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THE FRIENDS OF LLANDAFF CATHEDRAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAI8ER 1023 R•lat•d party tr•MacUo In prK>r yew the rnt ou•t• of thg The FrnS of Cithgdral Idbarty wmb•r 501362) ww6 -19-