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|CONTENTS|CONTENTS|||Page|
|---|---|---|---|---|
|Trustees'|Report|||1-17|
|Auditors'|Report|||18—20|
|Statement|of FinancialActivities|||21-23|
|Summary|of Income and Expenditure||Account and|24|
|Statement|ofTotal Recognised|Gains|and Losses||
|Balance Sheet||||25|
|Cashflow|Statement||||
|Notes to|the Accounts|||27-52|
THE ST DAVID
DIOCE&4N BOARD OF FINANCE
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|Clergy Stipend
Levels|2020|2019|
|---|---|---|
|Assistant
Curate|21,559|21,115|
|Incumbent
and Vicar in Rectorial Benefice|25,363|24,841|
|Rector of Rectorial Benefice|26,631|26,083|
|Residentiary
Canon|29,167|28,568|
|Archdeacon|38,805|38,007|
|Dean|39,313|38,505|
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||||Forthe Year Ended 31Decemb|Forthe Year Ended 31Decemb|er 2020|er 2020||
|---|---|---|---|---|---|---|---|
|||Note|Unrestricted||Restricted||Total|
||||General|Designated|Income|Capital|Funds|
||||Funds|Funds|Funds|Endowment||
|||||||Funds||
||||2020|2020|2020|2020|2020|
||||f|f|6|f|f|
|INCOME AND|ENDOWMENTS|FROM:||||||
|Donations|and Legacies||5,872,709|8,576|892,513|600|6,774,398|
|Charitable|Activities||19,597||||19,597|
|Investments|||125,429|62,296|233,295|82,170|503,190|
|Other Sources|||9,768||36,228||45,996|
|TOTAL|||6,027,503|70,872|1,162,036|82,770|7,343,181|
||||2019
f|2019
f|2019
f|2019
f.|2019f|
|INCOME AND|ENDOWMENTS|FROM:||||||
|Donations|and Legacies|3|4,438,020|12,666|724,212|8,036|5,182,934|
|Charitable|Activities||18,787|40|||18,827|
|Investments|||157,682|92,355|264,584|79,090|593,711|
|Other Sources|||54,893||36,091||90,984|
|TOTAL|||4,669,382|105,061|1,024,887|87,126|5,886,456|
##
||||Forthe Year Ended 31Decembe|Forthe Year Ended 31Decembe|r 2020|r 2020||
|---|---|---|---|---|---|---|---|
|||Note|Unrestricted||Restricted||Total|
||||General|Designated|Income|Capital|Funds|
||||Funds|Funds|Funds|Endowment||
|||||||Funds||
||||2020|2020|2020|2020|2020|
|EXPENDITURE ON:|||f|f|f|f|f|
|Raising Funds|||5,971|8,735|1,977|21,921|38,604|
|Charitable|Activities|||||||
|Support|for Ministry|8|3,733,972|84,336|933,219||4,751,527|
|Support|for Parishes|9|2,178,976|143,843|3,474||2,326,293|
|Church|Property|10|111,547||22,247||133,794|
|Other Financial Support|||138,860||||138,860|
|Communication||12|32,009||||32,009|
|Other||13||10,789||131,392|142,181|
|TOTAL|||6,201,335|247,703|960,917|153,313|7,563,266|
||||2019|2019|2019|2019|2019|
|EXPENDITURE ON:|||f|||f|E|
|Raising Funds|||6,289|9,247|1,578|24,852|41,966|
|Charitable|Activities|||||||
|Support|for Ministry|8|3,805,517|146,171|719,085||4,670,773|
|Support|for Parishes||421,732|201,630|||623,362|
|Church|Property|10|171,978||469,741||641,719|
|Other Financial Support|||149,350||||149,350|
|Communication||12|48,733||||48,733|
|Other||||||268,944|268,944|
|TOTAL|||4,603,599|357,048|1,190,404|293,796|6,444,847|
##
|||Forthe Year Ended 31Decembe|Forthe Year Ended 31Decembe|r 2020|r 2020||
|---|---|---|---|---|---|---|
||Note|Unrestricted||Restricted||Total|
|||General|Designated|Income|Capital|Funds|
|||Funds|Funds|Funds|Endowment||
||||||Funds||
|||2020|2020|2020|2020|2020|
|NET INCOME /(EXPENDITURE)|||||||
|BEFORE INVESTMENT GAINS||(173,832)|(176,831)|201,119|(70,543)|(220,087)|
|NET (LOSSES)ON INVESTMENTS|18|(7,505)|(10,961)|(928)|(23,024)|(42,418)|
|NET INCOME/(EXPENDITURE)||(181,337)|(187,792)|200,191|(93,567)|(262,505)|
|TRANSFERS BETWEEN FUNDS|24/25|2,888|30,612|(25,000)|(8,500)||
|NET MOVEMENT
IN FUNDS||(178,449)|(157,180)|175,191|(102,067)|(262,505)|
|Total Funds Brought Forward||5,837,367|2,552,089|1,857,444|3,963,755|14,210,655|
|TOTAL FUNDS CARRIED FORWARD||5,658,918|2,394,909|2,032,635|3,861,688|13,948,150|
|||2019|2019|2019|2019|2019|
|||f|6|f|E|f|
|NET INCOME /(EXPENDITURE)|||||||
|BEFORE INVESTMENT GAINS||65,783|(251,987)|(165,517)|(206,670)|(558,391)|
|NET GAINS ON INVESTMENTS|18|125,724|148,094|5,995|344,038|623,851|
|NET INCOME/(EXPENDITURE)||191,507|(103,893)|(159,522)|137,368|65,460|
|TRANSFERS BETWEEN FUNDS|24/25|197,054|(101,133)|(88,014)|(7,907)|0|
|NET MOVEMENT
IN FUNDS||388,561|(205,026)|(247,536)|129,461|65,460|
|Total Funds Brought Forward||5,448,806|2,757,115|2,104,980|3,834,294|14,145,195|
|TOTAL FUNDS CARRIED FORWARD||5,837,367|2,552,089|1,857,444|3,963,755|14,210,655|
##
|||||2020f||2019
f|
|---|---|---|---|---|---|---|
|Gross Income (per SOFA)||||7,343,181||5,886,456|
|Expenditure
(per SOFA)||||(7,563,268)||(6,444,847)|
|Operating
(Deficit)/Surplus
For the Year||||(220,087)||(558,391)|
|Realised Gains on Investments|||||||
|Realised gains/losses
on Investments|||(19,522)||153,514||
|Realised gains on investment|properties||||54,010||
|Realised gains on fixed assets|||||||
|||||(19,522)||207,524|
|||||(239,609)||(350,867)|
|Unrealised
Gains on Investments|||||||
|Revaluation
(Loss)/Gain
on Investment||Property|||||
|Unrealised
Gains/(Losses)
on|Investments||(22,896)||416,327||
|Revaluation
(Loss) on Fixed Assets|||||||
|Valuation
of Properties
Introduced|||||||
|||||(22,896)||416,327|
|(DEFICIT)/SURPLUS
FOR THE YEAR||||(262,505)||65,460|
##
||||Notes|2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|
|||||f|E|E|E|
|FIXEDASSETS||||||||
|Tangible Assets|||17|227,145||230,272||
|Investments|||18|8,888,056||9,049,955||
||||||9,115,201||9,280,227|
|CURRENT ASSETS||||||||
|Debtors|||19|869,918||901,565||
|Investments|||20|||||
|Cash at Bank|and in Hand|||5,893,696||5,797,358||
|||||6,763,614||6,698,923||
|CREDITORS:|Due Within One Year||21|(1,550,390)||(1,388,220)||
|NET CURRENT ASSETS|||||5,213,224||5,310,703|
|TOTAL ASSETS LESS CURRENT||LIABILITIES|||14,328,425||14,590,930|
|CREDITORS:|Due More Than|||||||
|One Year|||22||(380,275)||(380,275)|
|NET ASSETS|||||13,948,130||14,210,655|
|FUNDS||||||||
|Restricted
Capital Endowment||Funds|23||3,861,688||3,963,755|
|Restricted
Income Funds|||24||2,032,635||1,857,444|
|Designated
Funds|||25||2,394,909||2,552,089|
|Unrestricted|Funds||26|||||
|Revaluation|Reserve Fund|||1,678,765||1,678,765||
|General
Funds||||3,980,153||4,158,602||
||||||5,658,918||5,837,367|
||||||13,948,130||14,210,655|
##
||Notes|Notes|||2020|||2019|
|---|---|---|---|---|---|---|---|---|
||||||f|||f|
|||28|||||||
|Net Cash provided
by/(used
in) operating|activities||||(505,705)|||(477,936)|
|Cash flows from investing
activities:|||||||||
|Dividends,
interest and rents from investments||||503,190|||593,711||
|Purchase of property,
plant and equipment||||(3,327)|||(6,543)||
|Proceeds from the sale offixed assets|||||||124,011||
|Proceeds from the sale ofinvestments||||672,699|||1,039,728||
|Purchase of investments||||(690,447)|||(824,050)||
|Net Cash provided
by/(used
in) investing|activities||||482,115|||926,857|
|Cashflows from financing activities:|||||||||
|Receipt ofendowment||||||600||8,036|
|Change
in cash and cash equivalents
in the||reporting|period||(22,990)|||456,957|
|Cash and cash equivalents
at the||28|||6,058,165|||5,601,208|
|beginning ofthe reporting
period|||||||||
|Cash and cash equivalents
at the end of|the|reporting|period||6,035,175|||6,068,166|
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|||||F|orthe Year Ended 31De|orthe Year Ended 31De|cem|ber 20|20||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|otes|||||Unrestricted|||||Restricted||Total|
||||||General|Designated|||Income||Capital|Funds|
||||||Funds||Fund||Funds||Endowment||
||||||||||||Funds||
|3|Donations|and|Legacies||2020||2020||2020||2020|2020|
||||||f||f|||f|f|f|
||Ministry Share||||3,763,471|||||||3,763,471|
||RB:Block|Grant|||715,997|||||426,195||1,142,192|
||RB:Additional||Support||1,374,728|||||||1,374,728|
||RB:Improvement|||Fund||||||267,112||267,112|
||RB:Evangelism|||Fund Grant||||||171,329||171,329|
||Grants||||18,333|||||21,624||39,957|
||Legacies||||||8,576||||600|9,176|
||Donations||||180|||||6,253||6,433|
||Contributions||||||||||||
||||||5,872,709||8,576||892,513||600|6,774,398|
||In 2020f12,124 (|||2019:f12,124)was received as a grant||from|the|Allchurches||Trust Limited.|||
|3|Donations|and Legacies|||2019||2019|||2019|2019|2019|
||||||||f|||f|f|f|
||Ministry Share||||3,567,932|||||||3,567,932|
||RB:Block|Grant|||751,024|||||391,167||1,142,191|
||RB:Improvement|||Fund||||||224,851||224,851|
||Grants||||8,333||12,276|||33,624||54,233|
||Legacies||||110,000|||||74,240|8,036|192,276|
||Donations||||731|||390||330||1,451|
||Contributions||||||||||||
||||||4,438,020||12,666|||724,212|8,036|5,182,934|
|4|Chadtable|Activities|||2020||2020|||2020|2020|2020|
||||||f||f|||f|f|f|
||Chaplaincy|Fees|||19,597|||||||19,597|
||Fundraising||||||||||||
||||||19,597|||||||19,597|
||Charitable|Activities|||2019||2019|||2019|2019|2019|
||||||f||f|||f||f|
||Chaplaincy|Fees|||18,787|||||||18,787|
||Sale of Publications|||||||40||||40|
||||||18,787|||||||18,827|
##
||||||Forth|e Year Ended 31December 20|e Year Ended 31December 20|20|20||
|---|---|---|---|---|---|---|---|---|---|---|
|otes||||||Unrestricted||Restricted||Total|
|||||||General|Designated|Income|Capital|Funds|
|||||||Funds|Fund|Funds|Endowment||
||||||||||Funds||
|5|Investments|||||2020|2020|2020|2020|2020|
|||||||f|E|f|f|f|
||Rents Received|||||91,229||20,105||111,334|
||RBCommon|investment||Fund||74||||74|
||DBFCommon|Investment|||Fund|23,623|40,654|2,941|80,915|148,133|
||Rents Received: Parsonage||||Board|||200,514||200,514|
||Interest|||||10,503|2,990|9,735|1,255|24,483|
||Realisation ofTrusts||||||18,652|||18,652|
|||||||125,429|62,296|233,295|82,170|503,190|
|5|Investments|||||2019|2019|2019|2019|2019|
|||||||f|f|f|f|f|
||Rents Received|||||109,169||19,938||129,107|
||RBCommon|investment||Fund||94||||94|
||DBFCommon|Investment|||Fund|30,846|53,493|33,692|76,087|194,117|
||Rents Received: Parsonage||||Board|||188,564||188,564|
||Interest|||||17,573|8,262|22,390|3,003|51,228|
||Realisation ofTrusts||||||30,601|||30,601|
|||||||157,682|61,754|264,584|79,090|593,711|
|6|OtherSources|||||2020|2020|2020|2020|2020|
|||||||f|f|E|f|f|
||ContributionrHousing||Association|||6,340||||6,340|
||Proceeds from the sale ofassets||||||||||
||Administration|Fee:Sale of||Property|||||||
||Marriage
Licences|||||2,130||||2,130|
||Church
Repair Grant|||||||36,000||36,000|
||Sundry Income|||||1,298||228||1,526|
|||||||9,768||36,228||45,996|
|6|Other Sources|||||2019|2019|2019|2019|2019|
|||||||||E|E|E|
||Contribution:
Housing||Association|||6,210||||6,210|
||Proceeds from the sale ofassets|||||22,365||||22,365|
||Administration|Fee:Sale of||Property||24,750||||24,750|
||Marriage
Licences|||||1,320||||1,320|
||Church
Repair Grant|||||||36,000||36,000|
||Sundry Income|||||249||91||340|
|||||||54,893||36,091||90,984|
##
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##
|Notes|Notes||||||Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated|Income|Capital|Funds|
||||||||Funds|Fund|Funds|Endowment||
|||||||||||Funds||
||||||||2020|2020||2020|2020|
|7|Raising Funds||||||f|f||f|f|
||||||||5,971|8,735|1,977|21,921|38,604|
|7|Raising Funds||||||2019|2019|2019|2019|2019|
||||||||6,289|9,247|1,578|24,852|41.966|
|8|Support for Ministry||||||2020|2020|2020|2020|2020|
||||||||f|f|f||f|
||Stipends,
Fees 8|Pensions||||||||||
||Stipends||||||2,363,871|42,953|||2,406,824|
||Pension-Employers||||Contribution||767,740|14,164|||781,904|
||Vacancy Fees||||||6,710||||6,710|
||Sundry|||||||||||
||Property|||||||||||
||Council Tax||||||178,067||||178,067|
||Parsonage
Board||||||||849,046||849,046|
||Insurance
on||Personages||||21,585||||21,585|
||Sundry||||||5,535||||5,535|
||Evangelism
Bid —Centre||||of|Mission|13,847|20,344|84,173||118,364|
||Clergy Expenses|||||||||||
||Clergy/Chaplains|||Expenses|||2,169||||2,169|
||Removal/Disturbance|||||Allowance|30,059||||30,059|
||Archdeacons||and|Area||Deans|6,245|2,736|||8,981|
||Recruitment|Costs|||||997||||997|
||Training|||||||||||
||Ordinands/NSM||||||27,139|4,139|||31,278|
||lay Training||||||526||||526|
||CMD/Vocations||Advisers||||735||||735|
||Spiritual
Directors|||||||||||
||Support Costs (Direct)||||||4,507||||4,507|
||Support Cost Allocation||||||304,240||||304,240|
||||||||3,733,972|84,336|933,219||4,751,527|
##
##
|ote|s|||||Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||General|Designated|Income|Capital|Funds|
|||||||Funds|Fund|Funds|Endowment||
||||||||||Funds||
|8|Support for Ministry|||||2019
f|2019
f|2019
E|2019|2019|
||Stipends,
Fees gt|Pensions|||||||||
||Stipends|||||2,276,883|42,068|||2,318,951|
||Pension-Employers|||Contribution||774,672|14,747|||789,419|
||Vacancy Fees|||||37,319||||37,319|
||Sundry|||||3,105||||3,105|
||Property||||||||||
||CouncilTax|||||164,847||||164,847|
||Parsonage
Board|||||||719,085||719,085|
||Insurance
on||Parsonages|||20,067||||20,067|
||Centre of Mission||||||80,941|||80,941|
||Clergy Expenses||||||||||
||Clergy/Chaplains|||Expenses||7,684||||7,684|
||Removal/Disturbance||||Allowance|50,242||||50,242|
||Archdeacons||and|Area|Deans|17,744|8,415|||26,159|
||Recruitment|Costs||||3,572||||3,572|
||Training||||||||||
||Ordinands/NSM|||||48,377||||48,377|
||Lay Training|||||3,560||||3,560|
||CMD/Vocations||Advisers|||12,351||||12,351|
||Spiritual
Directors||||||||||
||Support Costs (Directj|||||6,213||||6,213|
||Support Cost Allocation|||||378,881||||378,881|
|||||||3,805,517||719,085||4670773|
##
##
|Notes|Notes|||Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Income|Capital|Funds|
|||||Funds|Fund|Funds|Endowment||
||||||||Funds||
|9|Support for Parishes|||2020|2020|2020|2020|2020|
|||||f|f|f|f|f|
||Sector Ministry Costs|||1,488|1,640|||3,128|
||Safeguarding|||319||||319|
||Local Ministry Area Initiative||Grants||2,984|||2,984|
||Grants to Parishes||||22,087|3,474||25,561|
||Legal and Professional|Fees||516||||516|
||Diocesan Strategy||||32,775|||32,775|
||Children
and Youth||||81,209|||81,209|
||Funding and Parish Support|||2,027,164||||2,027,164|
||Support costs (Direct)|||638|3,148|||3,786|
||Support cost allocation|||148,851||||148,851|
|||||2,178,976|143,843|3,474||2,326,293|
|9|Support for Parishes|||2019|2019|2019|2019|2019|
|||||f|f|||f|
||Sector Ministry Costs|||10,223|6,646|||16,869|
||Safeguarding|||709||||709|
||Local Ministry
Area Initiative||Grants||21,841|||21,841|
||Grants to Parishes|||160,868|21,882|||182,750|
||Legal and Professional|Fees||7,064||||7,064|
||Diocesan Strategy||||43,249|||43,249|
||Children
and Youth||||105,679|||105,679|
||Funding
and Parish Support|||192,425||||192,425|
||Support costs (Direct)||||2,333|||2,333|
||Support cost allocation|||50,443||||50,443|
|||||421,732|201,630|||623,362|
##
##
|Notes|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|
||General
Designated|Income|Capital|Funds|
||Funds
Fund|Funds|Endowment||
||||Funds||
|10 Church Property|2020
2020|2020|2020|2020|
||f|f|f|f|
|Custodian
Expenses|1,080|||1,080|
|Quinquennial
Inspections|45,880|||45,880|
|Diocesan Advisory Committee|17,737|||17,737|
|Investment
Property:|||||
|Maintenance
Expenses|12,710|||12,710|
|Insurance
Premiums|5,993|||5,993|
|Legal 8 Professional
Fees|19,532|||19,532|
|Other Buildings: Repairs/Insurance|||||
|Church Schools (Open and Closed)||22,247||22,247|
|3-16VA School in St Davids|||||
|Support Costs (Direct)|43|||43|
|Support cost allocation|8,572|||8,572|
||111,547|22,247||133,794|
|10 Church
Property|2019
2019|2019|2019|2019|
||f
f|f|f|f|
|Custodian
Expenses|558|||558|
|Quinquenniai
inspections|41,850|||41,850|
|Diocesan Advisory Committee|18,351|||18,351|
|Investment
Property:|||||
|Maintenance
Expenses|21,771|||21,771|
|Insurance
Premiums|5,113|||5,113|
|Legal g Professional
Fees|31,900|||31,900|
|Other Buildings: Repairs/Insurance|||||
|Church Schools (Open and Closed)||84,741||84,741|
|3-16VA School in St Davids||385,000||385,000|
|Support Costs (Direct)|339|||339|
|Support cost allocation|52,096|||52,096|
||171,978|469,741||641,719|
##
##
##
||||Fort|he Year Ended 31December 2|020|020||
|---|---|---|---|---|---|---|---|
|ote|s|||Unrestricted|Restricted||Total|
|||||General
Designated|Income|Capital|Funds|
|||||Funds
Fund|Funds|Endowment||
|||||||Funds||
|11|Other Financial Support|||2020
2020|2020|2020|2020|
|||||f|f|f|f|
||Grants: Church|in Wales Bodies||104,792|||104,792|
||Grants: Anglican/Ecumenical/Other|||500|||500|
||Other Grants|||24,200|||24,200|
||Support Costs|(Direct)||500|||500|
||Support cost allocation|||8,868|||8,868|
|||||138,860|||138,860|
|11|Other Financial Support|||2019
2019|2019|2019|2019|
|||||f
f|f|f|f|
||Grants: Church|in Wales Bodies||108,990|||108,990|
||Grants: Anglican/Ecumenical/Other|||500|||500|
||Other Grants|||27,500|||27,500|
||Support Costs|(Direct)||250|||250|
||Support cost allocation|||12,111|||12,111|
|||||149,350|||149,350|
|12|Communication|||2020
2020|2020|2020|2020|
|||||f|f|f|f|
||Newsletters/Diocesan||Publications|6,369|||6,369|
||Year Book|||||||
||Pembrokeshire|Show||||||
||Support Costs|(Direct)||25,204|||25,204|
||Support cost allocation|||436|||436|
|||||32,009|||32,009|
|12|Communication|||2019
2019|2019|2019|2019|
|||||f
f||E|E|
||Newsletters/Diocesan||Publications|14,975|||14,975|
||Year Book|||||||
||Pembrokeshire|Show||3,635|||3,635|
||Support Costs|(Direct)||28,478|||28,478|
||Support cost allocation|||1,645|||1,645|
|||||48,733|||48,733|
##
##
##
|otes||||Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Income|Capital|Funds|
|||||Funds|Fund|Funds|Endowment||
||||||||Funds||
|13|Other|||2020|2020|2020|2020|2020|
|||||f|6|6|f|E|
||Payment|of|Trust income||||59,629|59,629|
||Realisation||ofTrust Capital||10,789|||10,789|
||Payment|of|Legacies||||71,763|71,763|
||||||10,789||131,392|142,181|
|13|Other|||2019
f|2019
6|2019|2019|2019
f|
||Payment|of|Trust Income||||80,136|80,136|
||Realisation||ofTrust Capital||||||
||Payment|of|Legacies||||188,808|188,808|
||||||||268,944|268,944|
##
##
##
||Fo|Fo|rt|he Ye|ar Ended 31Decem|ber 2020||
|---|---|---|---|---|---|---|---|
|14|FUNDING
AND PARISH SUPPORT|||||2020|2019|
|||||||f|f|
||Prompt Payment
Discount||||||15,342|
||Increase
in Unpaid
Ministry|Share Provision||||100,000|177,083|
||Ministry Share not requested|||||1,880,735||
||Ministry Share Write Off|||||46,429||
|||||||2,027,164|192,425|
|15|SUPPORT COSTS|||||2020|2019|
|||||||f|f|
||Salaries and Related Payments|||||337,286|307,266|
||Travelling
Expenses|||||3,328|5,557|
||Expenses Staff Members|||||674|4,142|
||Office Cleaning|||||1,236|3,355|
||Heating
and Lighting|||||7,042|7,140|
||Telephone|||||4,653|4,241|
||Printing,
Stationery
and Office Sundries|||||2,452|6,690|
||Postage|||||1,886|3,665|
||Ground
Rent of Offices|||||18,000|18,000|
||Water Rates|||||1,315|1,151|
||Office Security|||||||
||Insurances
(including Trustees Indemnity|||Insurance)||11,114|11,129|
||Depreciation|||||6,457|16,259|
||Repairs and Renewals|||||3,559|3,414|
||Legal and Professional|||||4,485|15,840|
||Audit Fee|||||17,325|12,055|
||Training
Courses|||||1,887|2,417|
||Bank Charges and Interest|||||316|273|
||Miscellaneous|||||6,013|4,410|
||Diocesan and Archdeacons|Registrars|Expenses|||25,806|28,485|
||Computer
Software and Support|||||5,803|6,696|
||Office Equipment|||||7,593|9,771|
||Grantfinder|||||1,292|1,224|
||Governing
Body Meeting Expenses|||||1,024|16,904|
||Translation
Fees|||||272|94|
||Diocesan Conference|||||144|4,974|
||Other Sundry Expenses|||||4|23|
||Medical Fees|||||||
||Contribution
to Support Costs from Restricted||||Funds|(68,500)|(60,365)|
|||||||402,466|434,811|
||Governance
costs included|within the|above support costs|||44,299|62,418|
##
##
##
|MINISTRY SHARE RECEIVA|BLE||||||
|---|---|---|---|---|---|---|
|||Opening|Ministry|Paid|Closing|Ministry|
|||Balance|Share||Balance|Share|
|||1January|||31December||
|||2020|2020|2020|2020|2019|
|||f|f|f|f|f|
|STDAVIDS ARCHDEACONRY|||||||
|Dewisland
& Fishguard|Deanery|150,176|264,225|(376,122)|38,279|267,837|
|Daugleddau
Deanery||55,356|210,737|(249,071)|17,022|218,490|
|Pembroke
Deanery||121,955|580,759|(617,035)|85,679|518,925|
|Roose Deanery||31,923|336,620|(349,673)|18,870|316,123|
|TOTAL||359,41D|1,392,341|(1.591.901)|159.85D|1,321,375|
|CARDIGAN
ARCHDEACONRY|||||||
|Emlyn Deanery||5,015|116,209|(116,027)|5,197|103,480|
|Glyn Aeron Deanery||20,070|211,087|(211,277)|19,880|196,011|
|Cemais & Sub Aeron Deanery||11,525|201,153|(203,004)|9,674|174,975|
|Lampeter
& Ultra Aeron|Deanery|13,908|149,084|(165,621)|(2,629)|142,483|
|Llanbadarn
Fawr Deanery||2,745|451,316|(442,593)|11,468|427,266|
|TOTAL||53,263|1,128,849|(1,138,522)|43,590|1,044,215|
|CARMARTHEN
ARCHDEACONRY|||||||
|Carmarthen
Deanery||34,384|413,071|(427,368)|20,087|406,473|
|Dyffryn Aman
Deanery||22,510|194,695|(206,189)|11,016|193,030|
|Kidwelly
Deanery||79,255|390,078|(429,171)|40,162|360,764|
|Llandeilo & Llandovery|Deanery|3,268|255,494|(277,512)|(18,750)|241,075|
|TOTAL||139,417|1,253,338|(1,340,240)|52,515|1,201,342|
|ARCHDEACONRY
TOTALS|||||||
|ST DAVIDS ARCHDEACONRY||359,410|1,392,341|(1,591,901)|159,850|1,321,375|
|CARDIGAN
ARCHDEACONRY||53,263|1,128,849|(1,138,522)|43,590|1,044,215|
|CARMARTHEN
ARCHDEACONRY||139,417|1,253,338|(1,340,240)|52,515|1,201,342|
|DIOCESAN TOTAL||552,090|3.774,528|~4,070,663)|255.955|3,566.932|
##
##
|||Opening|Ministry|Paid|Closing|Ministry|
|---|---|---|---|---|---|---|
|||Balance|Share||Balance|Share|
|||1)anuary|||31December||
|||2019|2019|2019|2019|2018|
|||E|f|E|E|E|
|STDAVIDS ARCHDEACONRY|||||||
|Dewisland
& Fishguard|Deanery|32,329|267,837|(149,990)|150,176|254,199|
|Daugleddau
Deanery||30,488|218,490|(193,622)|55,356|215,301|
|Pembroke
Deanery||130,266|518,925|(527,236)|121,955|505,930|
|Roose Deanery||40,575|316,123|(324,775)|31,923|298,046|
|TOTAL||233,658|1,321,375|(1,195,623)|359,410|1,273,476|
|CARDIGAN ARCHDEACONRY|||||||
|Emlyn Deanery||(179)|103,480|(98,286)|5,015|101,639|
|Glyn Aeron Deanery||25,502|196,011|(201,443)|20,070|197,637|
|Cemais &Sub Aeron Deanery||7,508|174,975|(170,958)|11,525|166,535|
|Lampeter &Ultra Aeron|Deanery|23,953|142,483|(152,528)|13,908|132,696|
|Llanbadarn
Fawr Deanery||14,447|427,266|(438,968)|2,745|435,908|
|TOTAL||71,231|1,044,215|(1,062,183)|53,263|1,034,415|
|CARMARTHEN
ARCHDEACONRY|||||||
|Carmarthen
Deanery||29,956|406,473|(402,045)|34,384|404,218|
|Dyffryn
Aman
Deanery||(2,278)|193,030|(168,242)|22,510|192,278|
|Kidwelly Deanery||49,223|360,764|(330,732)|79,255|346,987|
|Llandeilo
& Llandovery|Deanery|42,294|241,075|(280,101)|3,268|243,619|
|TOTAL||119,193|1,201,342|(2,282,2207|139,417|1,187102|
|ARCHDEACONRYTOTALS|||||||
|ST DAVIDS ARCHDEACONRY||233,658|1,321,375|(1,195,623)|359,410|1,273,476|
|CARDIGAN
ARCHDEACONRY||71,231|1,044,215|(1,062,183)|53,262|1,034,415|
|CARMARTHEN
ARCHDEACONRY||119,195|1,201,342|(1,181,120)|139,416|1,187,102|
|DIOCESAN TOTAL||424,084|3,566,932|(3,438,926)|552,090|3,494,993|
##
##
##
|TANGIBLE ASSETS|||||
|---|---|---|---|---|
||Freehold|Leasehold|ONce||
||Property|Premises|Equipment/|Total|
||Restricted|(More Than|Furniture
&||
|||50Years)|Fittings||
|||f|f||
|FAIR VALUE|||||
|At 1January 2020|164,500|94,418|116,729|375,647|
|Additions|||3,327|3,327|
|At 31December 2020|164,500|94,418|120,056|378,974|
|DEPRECIATION|||||
|At 1January 2020||35,447|109,928|145,375|
|Charge for Year||1,145|5,309|6,454|
|At 31December 2020||36,592|115,237|151,829|
|FAIR VALUE|||||
|At 31December 2020|164,500|57,826|4,819|227,145|
|At 1January 2020|184,100|88,871|6,801|230,272|
||Freehold|Property|Leasehold|Office||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Premises|Equipment/|Total|
||||(More Than|Furniture
&||
||||50Years)
f|Fittings
f||
|Cost/Valuation||164,500|94,418|120,056|378,974|
|||164,500|94,418|120,056|378,974|
##
##
##
##
##
##
##
##
|||||Forth|e Y|ear|Ended 3|1Decemb|er 2020|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|19|DEBTORS||||||||2020||2019|
||||||||||f||f|
||Loans||||||||403,464||403,421|
||Ministry Share Receivable|from Benefices|||(Less Provision)||||251,881||202,088|
||Sundry Debtors and Prepayments||||||||214,573||296,056|
||||||||||869,918||901,565|
||LOANS ASAT31DECEMBER 2020|||||||||||
||||||Balance|||Advance|Interest|Repaid|Balance|
||||||1January||||||31December|
|||||||2020f||2020
f|2020
f|2020
E|2020
f|
||Diocesan Loans:|||||||||||
||St Davids Diocesan Housing||Assn|||||||||
||Other Loans|||||||||||
||Retired Clergy 1.5%Housing
Loans|||||23,146|||282|(239)|23,189|
|||||||23,146|||282|(239)|23,189|
||Provincial
Housing
Loans:|||||||||||
||Equity Linked|||||380,275|||||380,275|
||Totals|||||403,421|||282|(239)|403,464|
||Provincial
and Clergy Housing|||Loans are repayable|||on death|or sale of|property|||
|20|CURRENT ASSET INVESTMENTS||||||||2020||2019|
||||||||||f||f|
||Short Term Deposits|||||||||||
|21|CREDITORS DUE WITHIN|ONE YEAR|||||||2020||2019|
||||||||||f||f|
||Other Creditors||||||||814,877||846,462|
||Ministry Share Received|in|Advance||||||99,311|||
||Restricted
Funds Creditors||||||||636,202||541,758|
||||||||||1,550,390||1,388,220|
|22|CREDITORS DUE MORE THAN|||ONE YEAR|||||2020||2019|
||||||||||f||f|
||Due tothe Representative||Body ofThe Church|||in|Wales||380,275||380,275|
##
##
##
##
||||1January|Movement|in Resources|in Resources|31December|
|---|---|---|---|---|---|---|---|
||||2020
f|Income
Transfers
f
f||Expenditure
f|2020
f|
|Diocesan Ordinands|Fund||90,674|1,984|(5,000)|(1,078)|86,580|
|Diocesan Endowed|Schools Fund||837,292|23,642|(30,000)|(24,074)|806,860|
|Spirituality
Fund|||73,911|17,176|||91,087|
|Community
Project|Fund||5,568||||5,568|
|Parsonage
Board Fund|||754,953|905,496|(30,000)|(849,046)|781,403|
|Church
Insurance
Contingency||Fund|59,046|236||(474)|58,808|
|Church
Repair Grant|||36,000|36,000||(3,000)|69,000|
|Evangelism
Fund||||177,502|40,000|(84,173)|133,329|
||||1,857,444|1,162,036|(25,000)|(961,845)|2,032,636|
||||1January|Movement|in Resources||31December|
||||2019|Income
Transfers
f
f||Expenditure
f|2019|
|Diocesan Ordinands|Fund||18,012|108,525|(35,791)|(72)|90,674|
|Diocesan Endowed Schools Fund|||1,300,716|33,679|(25,856)|(471,247)|837,292|
|Spirituality
Fund|||59,678|14,233|||73,911|
|Community
Project|Fund||5,568||||5,568|
|Parsonage
Board Fund|||662,427|837,978|(26,367)|(719,085)|754,953|
|Church Insurance
Contingency||Fund|58,579|467|||59,046|
|Church
Repair Grant||||36,000|||36,000|
||||2104980|1030882|(88014)|(1,190404)|1857444|
##
##
##
||||1January|Movement|in Resources|in Resources|31December|
|---|---|---|---|---|---|---|---|
||||2020|Income
Transfers||Expenditure|2020|
||||f|E|E|E|E|
|Redundant
Churches|Fund||22,516|71|||22,587|
|Bishop's Strategy for|Ministry|Fund|397,011|9,989|155,243|(77,002)|485,241|
|Penlan
Farm Fund|||52,059|163|||52,222|
|M H Jones-Olszewski|Fund||1,766,000|35,208|(34,765)|(52,572)|1,713,871|
|Children
&Youth Mission Work Fund|||270,499|763|(65,244)|(129,090)|76,928|
|Pensions &Assistance|Fund||3,327|24,550|(24,622)||3,255|
|Safeguarding
Fund|||40,637|128|||40,765|
|Fundraising|||40||||40|
||||2,552,089|70,872|30,612|(258,664)|2,394,909|
||||1January|Movement|in Resources||31December|
||||2019|Income
Transfers||Expenditure|2019|
||||E||E|E|E|
|Pedundant
Churches|Fund||22,377|139|||22,516|
|Bishop's Strategy for|Ministry|Fund|507,791|16,124||(126,904)|397,011|
|Penlan
Farm Fund|||51,652|407|||52,059|
|M H Jones-Olszewski|Fund||1,664,988|205,307|(73,165)|(31,130)|1,766,000|
|Children
&Youth Mission Work Fund|||466,664|2,849||(199,014)|270,499|
|Pensions
8 Assistance|Fund||3,255|28,040|(27,968)||3,327|
|Safeguarding
Fund|||40,388|249|||40,637|
|Fundraising||||40|||40|
||||2,757,115|253,156|(101,133)|(357,048)|2,552,089|
##
##
||F|F|F|orthe Year Ended|31December 2|020|||
|---|---|---|---|---|---|---|---|---|
|26|GENERAL PURPOSES FUND|||||2020||2019|
|||||||f||f|
||Balance as at 1January|||||5,837,367||5,448,806|
||Surplus/(Deficit)||for the Year|||(173,832)||65,783|
||Net (Loss)/Gain|on Investments||||(7,505)||125,724|
||Transfer between||funds|||2,888||197,054|
||Balance as at 31||December|||5,658,918||5,837,367|
|27|ANALYSIS OF NET ASSETS BETWEEN|||FUNDS|||||
||||||||Restricted||
||||||||Capital||
|||||Unrestricted|Designated|Restricted|Endowment|Total|
|||||Funds|Funds|Funds|Funds|Funds|
|||||f|f|f|f|f|
||Fund Balances|at|31December 2020||||||
||are represented||by:||||||
||Tangible
Fixed||Assets|62,645||164,500||227,145|
||Investment|Assets||3,566,534|1,570,676|132,935|3,617,911|8,888,056|
||Net Current|Assets||2,410,014|824,233|1,735,200|243,777|5,213,224|
||Long Term Liabilities|||(380,275)||||(380,275)|
|||||5,658,918|2,394,909|2,032,635|3,861,688|13,948,150|
||||||||Restricted||
||||||||Capital||
|||||Unrestricted|Designated|Restricted|Endowment|Total|
|||||Funds|Funds|Funds|Funds|Funds|
|||||f|||f|f|
||Fund Balances|at|31December 2019||||||
||are represented||by:||||||
||Tangible
Fixed||Assets|65,772||164,500||230,272|
||Investment|Assets||3,580,010|1,601,161|134,600|3,734,184|9,049,955|
||Net Current|Assets||2,571,860|950,928|1,558,344|229,571|5,310,703|
||Long Term Liabilities|||(380,275)||||(380,275)|
|||||5,837,367|2,552,089|1,857,444|3,963,755|14,210,655|
##
##
|BEFORE UNREALISED GAI|NS||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
|Net income/(expenditure)|forthe reporting|||period (as per|||
|the Statement ofFinancial Activities)|||||(262,505)|65,460|
|Adjustments for:|||||||
|Depreciation
charges|||||6,454|16,259|
|Realised (gains)/losses|on investments||||60,319|(564,819)|
|Realised (gains)/losses|on investment|properties||||(54,011)|
|Dividends,
interest
and|rents from investments||||(503,190)|(593,711)|
|Loss/(profit)
on the sale offixed assets|||||||
|(increase)/decrease
in|debtors||||31,647|(42,234)|
|increase/(decrease)in|creditors||||162,170|703,156|
|Donations
received for|Endowment|Fund||Assets|(600)|(8,036)|
|Net Cash provided
by/(used
in) operating|||activities|||477,936|
|Analysis ofcash and cash|equivalents||||||
|Cash in hand|||||5,893,696|5,797,358|
|Short Term investments|||||||
|Cash held within
investments|||||141,479|260,807|
|Total Cash and Cash Equivalents|||||6,035,175|6,056,165|
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|EMPLOYEES:|||||E|E|
|Staff Costs|||||||
|Gross Wages|and Salaries||||421,475|375,368|
|Redundancy
costs|||||6,599||
|Employers
Nl|||||39,154|35,325|
|Other Pension|Costs||||58,902|53,402|
||||||526,130|464,095|
||||||2020|2019|
|The number ofemployees
whose total|||employee|benefits|||
|(excluding
employers||pension costs) purposes was as follows:|||||
|660,000|—670,000||||||
||||||2020|2019|
||||||f|E|
|The remuneration|for|Key Management|personnel|was|179,521|175,687|
|Average number|of persons employed:||||||
|Head Count|||||15|14|
|Full Time Equivalent|||||15|14|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##