| CONTENTS | ||||
|---|---|---|---|---|
| Page | ||||
| Report ofthe Trustees | for the year ended | 30June 2023 | ||
| Independent Auditors' |
Report to the Members ofSwansea &Brecon | Diocesan | ||
| Trust Incorporated | ||||
| Statement ofFinancial |
Activities (including |
Income and Expenditure | Account) | 14 |
| Balance Sheet as at 30June 2023 | 15 | |||
| Notes to the Financial | Statements for the |
Year Ended 30June 2023 | 16 |
| Net income | |||||
|---|---|---|---|---|---|
| Balance bmught fonsard Batance carried fmward |
2,825 2,825 |
||||
| esults- R stricted Funds | |||||
| he net movements forthe year on resbicted funds are as follows: |
2023 | ||||
| 8 | |||||
| Net(expenditure) before Net gains on revaluafion Net movement in funds Balance brought forward Balance cerned forward |
losses on investmenls and disposah offixed |
and revaluation ofeducational poperfiss asset inveslments and educafion properfies |
(2,502) 00011 93,855 301I 002 0010001 |
| Unrestricted | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Fundsf | Funits 5 |
2023 6 |
2022 | ||
| Income from: | ||||||
| Donations and legacies | 23JI85 | 23,005 | 2,144 | |||
| Charitable activiTies |
050 | 950 | 9SO | |||
| Investments | 5$JI50 | 50,850 | 56,227 | |||
| Total Income | 83,885 | ILI,885 | 59,321 | |||
| Exgenditura on: |
||||||
| Rrdsfng funds: | ||||||
| Investment management |
costs | 7,811 | 8,324 | |||
| Charitable Activities: | ||||||
| Funds Distributed | 68,031 | 68,831 | 5,453 | |||
| Change toSchool Property Values Support Casts Governance Costs |
t2 6 9 |
(100,125) 3,005 0,800 |
(100.125) 3,605 6,800 |
30,750 2,404 5,355 |
||
| Total charitable activities | (21,480) | (21&9) | 43,962 | |||
| Total net expenditure | (13,678) | {13,678) | 52,286 | |||
| Losses on investment assets |
{3,600) | (3,608) | (104,944) | |||
| Net movement in funds |
$3,955 | 93,055 | (97,909) | |||
| Reconciliation offunds: | ||||||
| Total funds brought forward |
17,19 | 2,825 | 3,018,102 | 3,918,027 | 4,016.836 | |
| Total funds cerned forward | 17,19 | 2JI25 | 4,010,057 | 4,012,802 | 3,918,927 |
| lsOTES | TOTHE FINANCIAL STATEIlENTS | TOTHE FINANCIAL STATEIlENTS | TOTHE FINANCIAL STATEIlENTS | |||
|---|---|---|---|---|---|---|
| FOR THE YEAR EMDED 30 JUNE | 2023(continued) | |||||
| 5 | DONATIONS AND LEGACIES |
|||||
| Grants | ||||||
| 2,144 | ||||||
| 6 | CHARITABLE ACTIVmES | 2023 | ||||
| 6 | ||||||
| Rental Income | ||||||
| 2022 | ||||||
| 6 | ||||||
| Investment Income- Listed |
55,990 | |||||
| Bank lntewst | 229 | |||||
| 6 | SUPPORT COSTS | 2023 | ||||
| 6 | ||||||
| Administration Fee |
3,000 | 3,000 | ||||
| Professional Fees | (600) | |||||
| ONer Support Costs | 5 | 4 | ||||
| 3,005 | ||||||
| 9 | GOVERNANCE COSTS | |||||
| Administratkm Fee |
750 | 750 | ||||
| Auditors' Remuneration |
5„709 | 4/24 | ||||
| Companies House and Professional Indemnitv |
Bank Services Insurance |
91 250 |
131 250 |
|||
| 6600 | 5355 | |||||
| 10 | GAIMSILOSSES ON INVESTMENT ASSETS | 2023 | ||||
| 6 | ||||||
| Realised gains on Investments | 5,010 | (9,672) | ||||
| Revaluation ofinvestments | (see Note 13) | 0 | 10 | 95272 | ||
| (Losses) on Investment | Assets | 360& |
| 2023 | 2022 | |||
|---|---|---|---|---|
| hlsrket | Value | Market Value | ||
| Diocesan Church Schools | ||||
| and Religious Educaficn Diocesan Trusts |
Fund | 'l,5'I7,801 9510 |
1,579,243 9,547 |
|
| 1,527,371 | 1,588,790 | |||
| The above investments | can be analysed as | fogoes: | ||
| 2023 | ||||
| 8 | ||||
| Usted investmsnis Cash hekl by investment |
managers | 1,491,901 35~ |
1,544,257 | |
| 1,527,371 | 1,588,790 | |||
| The movement year on |
year isas follows: | lnvestmenls | ||
| At 1 July 2022 | 1,588,790 | |||
| Additions | 318,743 | |||
| Disposais | f361,180) | |||
| Revaluation ofinvestments Cash movement |
(9,218) ~QM4 |
|||
| At 39June 2823 | 1527 |
| 14 | DEBTORS | 2023 | 2022 |
|---|---|---|---|
| 8 | 6 | ||
| Other debtors | 38,295 | 33,116 | |
| Prepsym ants | 11820 | 10335 | |
| 51,115 | 43,451 |
| 19 | ANALYSIS OF NET | ASSETSBETSTEEN | ASSETSBETSTEEN | FUNDS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Restricted |
Total | Unreshlcled | Restricted | Total | |||||
| 2023 | 2022 f |
2022 f |
|||||||
| Fund balsncesat 30June | |||||||||
| 2023are represented | by: | ||||||||
| Tangible assets Investments |
2W1,125 1,527,371 2',125 1,527,371 |
?„301,000 1,568,T91 |
2,301,000 L580,791 |
||||||
| Current | |||||||||
| assets/(liabilities) | 825 | 81 61 | 04388 | 2825 | 26311 | 29138 | |||
| 2,825 | 010057 | 401 | 2625 | 3916,102 | 3,918,927 | ||||
| 20 | MOVEMENT IN FUNDS | ||||||||
| Unrestrl | |||||||||
| Funds vested in the | cted | ||||||||
| Trust | Trust | Income funda | funds | ||||||
| Religious | Ridigious | Bensrtd | |||||||
| educagon f |
Diocesan f |
Education | Dloossan | funds | Total 6 |
||||
| As sl 1 July 2022 | 3,856,330 | 9,54T | 45,700 | 4v420 | 2,825 | 3,918,927 | |||
| Income | 83,386 | 03,005 | |||||||
| Expenditure | {T,917) | {70WB) | |||||||
| Education Property Revaluafions |
100„125 | 100,125 | |||||||
| Losses on lnveshnents | {3,571) | {37) | {3,608) | ||||||
| At30June 2023 | 3,S44,976 | 9 'lg | 50644 | 4,027 | 025 | 01 2 |