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|CONTENTS|||||
|---|---|---|---|---|
|||||Page|
|Report ofthe Trustees|for the year ended|30June 2023|||
|Independent<br>Auditors'|Report to the Members ofSwansea &Brecon||Diocesan||
|Trust Incorporated|||||
|Statement<br>ofFinancial|Activities<br>(including|Income and Expenditure|Account)|14|
|Balance Sheet as at 30June 2023||||15|
|Notes to the Financial|Statements<br>for the|Year Ended 30June 2023||16|





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|Net income||||||
|---|---|---|---|---|---|
|Balance bmught fonsard<br>Batance carried fmward|||||2,825<br>2,825|
|esults- R stricted Funds||||||
|he net movements<br>forthe year on resbicted funds are as follows:|||||2023|
||||||8|
|Net(expenditure)<br>before <br>Net gains on revaluafion<br>Net movement<br>in funds<br>Balance brought<br>forward<br>Balance cerned forward|losses on investmenls<br>and disposah offixed|and revaluation ofeducational<br>poperfiss<br> asset inveslments<br>and educafion properfies|||(2,502)<br>00011<br>93,855<br>301I 002<br>0010001|



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||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||Note|Fundsf|Funits<br>5|2023<br>6|2022|
|Income from:|||||||
|Donations and legacies||||23JI85|23,005|2,144|
|Charitable<br>activiTies||||050|950|9SO|
|Investments||||5$JI50|50,850|56,227|
|Total Income||||83,885|ILI,885|59,321|
|Exgenditura<br>on:|||||||
|Rrdsfng funds:|||||||
|Investment<br>management|costs|||7,811||8,324|
|Charitable Activities:|||||||
|Funds Distributed||||68,031|68,831|5,453|
|Change toSchool Property Values<br>Support Casts<br>Governance<br>Costs||t2<br>6<br>9||(100,125)<br>3,005<br>0,800|(100.125)<br>3,605<br>6,800|30,750<br>2,404<br>5,355|
|Total charitable activities||||(21,480)|(21&9)|43,962|
|Total net expenditure||||(13,678)|{13,678)|52,286|
|Losses on investment<br>assets||||{3,600)|(3,608)|(104,944)|
|Net movement<br>in funds||||$3,955|93,055|(97,909)|
|Reconciliation offunds:|||||||
|Total funds brought<br>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|





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|lsOTES|TOTHE FINANCIAL STATEIlENTS|TOTHE FINANCIAL STATEIlENTS|TOTHE FINANCIAL STATEIlENTS||||
|---|---|---|---|---|---|---|
|FOR THE YEAR EMDED 30 JUNE|||2023(continued)||||
|5|DONATIONS<br>AND LEGACIES||||||
||Grants||||||
|||||||2,144|
|6|CHARITABLE ACTIVmES|||2023|||
|||||6|||
||Rental Income||||||
|||||||2022|
|||||||6|
||Investment<br>Income- Listed|||||55,990|
||Bank lntewst|||||229|
|6|SUPPORT COSTS|||2023|||
|||||6|||
||Administration<br>Fee|||3,000||3,000|
||Professional Fees|||||(600)|
||ONer Support Costs|||5||4|
|||||3,005|||
|9|GOVERNANCE COSTS||||||
||Administratkm<br>Fee|||750||750|
||Auditors'<br>Remuneration|||5„709||4/24|
||Companies<br>House and <br>Professional<br>Indemnitv|Bank Services<br>Insurance||91<br>250||131<br>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&|||





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||||2023|2022|
|---|---|---|---|---|
|||hlsrket|Value|Market Value|
|Diocesan Church Schools|||||
|and Religious Educaficn <br>Diocesan Trusts|Fund|'l,5'I7,801<br>9510||1,579,243<br>9,547|
|||1,527,371||1,588,790|
|The above investments|can be analysed as|fogoes:|||
||||2023||
||||8||
|Usted investmsnis<br>Cash hekl by investment|managers||1,491,901<br>35~|1,544,257|
||||1,527,371|1,588,790|
|The movement<br>year on|year isas follows:|lnvestmenls|||
|At 1 July 2022||1,588,790|||
|Additions||318,743|||
|Disposais||f361,180)|||
|Revaluation ofinvestments<br>Cash movement||(9,218)<br>~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|





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|19|ANALYSIS OF NET|ASSETSBETSTEEN|ASSETSBETSTEEN|FUNDS||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted<br>Restricted||Total|Unreshlcled||Restricted|Total|
|||||2023||||2022<br>f|2022<br>f|
||Fund balsncesat 30June|||||||||
||2023are represented|by:||||||||
||Tangible assets<br>Investments|||2W1,125<br>1,527,371 2',125<br>1,527,371||||?„301,000<br>1,568,T91|2,301,000<br>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<br>f|Diocesan<br>f|Education||Dloossan|funds|Total<br>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<br>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<br>2|





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