OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

RepDrt and Financial Sta Adroddiad a Datganiad For the year E Ar gyfcr y Ilw nadd r ZOZU LLE MAE FFYDD YN CYFRIF WHERE FAITH MATTERS WherE Faith MattErs Lle mae Ffydd yn Cyfrif Llandaff Diocesan Board Df Finance Bwrdd Cyllid EsgDbaeth Llandaf Llottdoff Diocesat7 Bot7ry1 of Flnonce Is o company Irmiitd by zu(tryrTr¥ee not hrxyrng o $haFe cttpifol. Regi%reredin EnEJllThl Wole5 488549 Reg￿tered chgrityNo 242452

Trustees'
Report (including
Strategic Report):
Objectives, Activities and Risks 2
Achievements
and Performance
Financial
Review		 33-7
Plans for the Future 7-8
Structure, Governance
and Management		 6-12
Reference and Administrative
Details		 13- 14
Statement ofTrustees'
Responsibilities		 15
Independent
Auditors'
Report		 16-18
Statement ofFinancial Activities 19
Balance Sheet 20
Cash Flow Statement 21-22
Notes tothe Financial Statements 23-42

Permanent Permanent Total Total
Unrestricted Restricted Endowment Funds Funds
Funds Funds Funds 2020 2019
Note 8 E E
income and endowments from:
Donations
and legacies		 4 7,496,979 270,005 7,766,984 5,662,157
Charitable
activities		 5 74,786 453,590 528,376 279,202
Investments 6 170,470 208,670 5,421 384,561 467,621
Other Income 04 257 54,257 98253
Total income and endowments 7,742,235 986522 5,421 8734
1,78		 6 ~07233
lExpenditure
on:
Raising funds 46,389 7,315 789 54,493 68,264
Charitable
activities
Support for ministry 8 4,492,871 779,406 5,272,277 5,393,883
Support for parishes 9 615,906 134,546 750,452 647,094
Church
property		 10 96,647 1,182,568 1,279,215 926,355
Grants and other financial
support 11 1,550,241 60,219 1,610,460 188,340
Communication 12 107,508 107508 8D 283
Total expenditure 6,909,562 2,164054 789 9074 4D5 7 3D4 210
Net gains/(losses)
investments		 on 126,132 3,312 ~3244 1262011 055,734
Net incomeffexpenditure) 958,805 (1,174,220) 1,388 (214,027) 158,748
Transfers
between funds		 ~067144 672 565 ~5421
Net movement in funds 291,661 (501,655) (4,033) (214,027) 158,748
Reconciliation
of		 funds:
Total funds brought forward 32327 9433619 17106030 211 320 26700 077 26 502 229
Total funds ceeded forward 3,23,27 9,725,280 16,604,375 207,295 ~26 53~6950 26,750,977

Year ended 31 D ec ember 2020
Unrestricted Restricted Permanent Total Total
funds funds endowment funds funds
funds 2020 2019
Note E E 6
Fixed assets:
Tangible assets 16 416,087 15,136,773 15,552,860 16,064,051
Investment
property		 17 220,000 260,000 480,000 480,000
Investments 17 7,514,014 115,724 183,022 7,812,760 7,754,302
Long-term
loans		 18 1,339,564 93,954 1,433,518 979,466
Total tixed assets 9,489,665 15,606,451 183,022 25,279,138 25,277819
Current assets:
Debtors 19 80,319 183,747 264,066 216,551
Cash at bank and in hand 1740431, 1,111,143 24473 2076047 3 DD8582
Total cunent assets 1,820,750 1,294,890 24,473 3,140,113 3,225,133
Liabilities:
Creditors: amounts
within one year		 falling due 20 ~1071735 ~224 511 ~200 ~7296446 ~1,103,453
Net current assets 740015 , 1,070,379 24273 104306,7 , 2,121,680
Total assets less current
liabilities 10,238,680 16,676,830 207,295 27,122,805 27,399,499
Creditors: amounts falling due
after more than one year:
Loans from the Representative
Body ofthe
Church		 in Wales 18 (513,400) (513,400) (543,400)
Parish Grants
Governor Loans		 (2,500)
~69955		 (2,500)
~09950		 (19,167)
~05.055
Total net assets 9725280 16604375 2D7 295 26536950 26750077
The funds ofthe Charity:
Endowment
funds		 23 207,295 207,295 211,328
Restricted income funds 3 16,575,331 16,575,331 17,076,986
Unrestricted
funds:
Designated 22 3,527,025 3,527,025 3,253,514
General 6,012,096 6,012,096 5,993,946
Revaluation
Reserve		 186,159 29,044 215,203 215,203
Total charity funds 27 9,725,280 16,604,375 207,295 26,536,950 26,750,977

Ye ar ended 31 December
2020
2020 2019
6 6
Cash flows from operating
activities:
Net cash provided
by operating		 activities (579,417) (997,926)
Cash flows from investing
activities:
Dividends,
interest and rents from		 investments 379,140 460,874
Purchase of property,
plant and equipment		 (1,988)
Proceeds from sale ofinvestments 1,133,960 577,723
Purchase
of investments		 ~4,006,270 ~331.45Q
Net cash provided
by investing		 activities 446,882 705,150
Cash flows from financing
activities:
Net cash provided
by financing		 activities
Change
in cash and cash equivalents		 in the reporting
period (132,535) (292,776)
Cash and cash equivalents
at the beginning		 ofthe
reporting
period		 3 D00 582 3,301,358
Cash and cash equivalents
atthe end		 ofthe reporting
period 2,076047 3.008582
Reconciliation
ofnet income/(expenditure)		 to net cash
flow from operating
activities		 2020 2019
6 6
Net income/(expenditure)
for the reporting		 period (as
per the statement
offinancial activities)		 (214,027) 158,748
Adjustments
for:
Depreciation
charges		 511,191 510,693
(Gains)/losses
on investments		 (126,200) (955,734)
Dividends,
interest and rents from		 investments (379,140) (460,874)
Decrease/(Increase)
in debtors		 (501,567) 317,363
Increase/ (decrease)
in creditors		 130,326 ~568,122
Net cash provided
by (used in) operating		 activities from
operating
activities		 579,417 997,926
Analysis ofcash and cash equivalents 2020 2019
6 6
Cash in hand 2,865,625 2,825,638
Notice deposits (less than 3 months) 10422 182,944
Total cash and cash equivalents 2,876,047 3.DD8 582

Anal sisof chan
as inn tf		 n
Other
New non- Balance
Opening Cash- finance Interest cash cardied
balance flows leasesf changes changes
E		 forward
6
Cash 2,825,638 39,987 2,865,625
Cash Equivalents 182944 172,522 10422
3008582 132535 2876047

Balance Investment Investment Balance
1 January Transfer Incoming gains/(losses) 31 December
2020 offunds resources Outgoings 2020
5 K 8 K 8
Retired clergy 52,681 3,365 174 56,220
Parsonage
board		 9,871 664,200 133,768 (761,850) 45,989
Schools funds:
External grants 15,781,481 348,264 (475,551) 15,654,194
Accumulated
funds		 686,167 182,435 (492,227) 376,375
Sundry trusts 66,452 1,613 (501) 1,569 69,133
Bishop's mission
fund		 2,320 (2,320)
Transformation
fund		 58,940 (58,940)
Landscapes/Journeys in Faith 27,310 28,721 (50,440) 5,591
Church
Improvement		 Fund 1,500 25,500 (24,919) 2,081
Community
Development		 336,537 36,305 (53,151) 319,691
Restricted
Donations		 5,256 (5,256)
RB Evangelism
Fund
W.O.D.S.		 85,091 5,000 221,175
991		 (221,175)
~77724,		 1,743 75,101
17106030 672565 686522 ~2184054 3312 16604375

)
Movements		 on R est ricted
Funds		 rior
ear com		 arative
Balance
Balance Investment 31
1 January Transfer Incoming gains/(losses) December
2019 offunds resources Outgoings 2019
6 6 8 8
Retired clergy 48,150 4,172 359 52,681
Parsonage
board		 638,640 166,811 (795,580) 9,871
Schools funds:
External grants 16,103,273 150,744 (472,536) 15,781,481
Accumulated funds 822,027 121,145 (257,005) 686,167
Sundry trusts 73,940 2,345 (6,825) (3,008) 66,452
Bishop's mission fund 7,440 (7,440)
Transformation fund 166,675 (107,735) 58,940
Landscapes/Journeys in
Faith 62,347 (35,037) 27,310
Church
Improvement
Fund 25,500 (24,000) 1,500
Community
Development 369,044 25,727 (58,234) 336,537
W.O.D.S. 75.056 5000 2772 1 324 3587 85091
17,658,165 067012 565,100 ~I,765,716 579 17,106,030

Year ended 31 Dece m ber 2020 ber 2020 ber 2020 ber 2020
4.
DONATIONS		 AND LEGACIES
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
5 6 E 6
Grants from the
Representative
Body		 ofthe
Church
in Wales
Block grant 1,489,782 1,489,782 1,489,782 1,489,782
Other 1,724,201 221,175 1,945,376 8,333 8,333
3,213,983 221,175 3,435,158 1,498,115 1,498,115
Parish Share 4,210,477 4,210,477 4,102,689 4,102,689
Parish
&School contributions		 25,375 25,375 1,940 1,940
Donations/External grants 72,519 23,455 95,974 47,533 11,880 59,413
7,496,979 270,005 7,766,984 5,648,337 13,820 5,662,157
The Board benefits greatly from the involvement and enthusiastic support
of		 its many
volunteers.		 In accordance
with
Charities SORP(FRS102),the economic contribution ofgeneral volunteers
is not		 recognised in the accounts.
5.
CHARITABLE		 ACTIVITIES INCOME
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds
6		 2020f Funds
6		 Fundsf 2019
6
Support for ministry
Hospital chaplaincies (762 ) (762 )
Stipendiary
secondment		 26,828 26,828 33,578 33,578
Clergy school grant 3,000 3,000 3,000 3,000
Grants for work on parsonages 2,912 2,912 10,662 10,662
Support forparishes
Staff recharges 25,348 25,348
Schools receipts 19,030 19,030 17,905 17,905
Licence income 570 570 360 360
Church property
Grants for schools capital projects 382,950 382,950 150,744 150,744
Schools contributions to insurances 67,728 67,728 63,715 63,715
Communications
Directory sales, copying charges 10 10
$$7$$ $$$,$$$ $2$,$7$ 54,081 225,121 279,202

Unrestricted Unrestricted Restricted Total Unrestricted Restricted Total
Funds
f		 Fundsf 2020f Fundsf Fundsf 2019
f
Bank and other interest 4,969 3,751 8,720 10,791 7,181 17,972
Dividend
and		 trust income 145,348 2,317 147,665 191,715 3,234 194,949
Rental income 20,153 202,602 222,755 20,140 227,813 247,953
170,470 208,670 379,140 222,646 238,228 460,874
Permanent
Endowment		 6421 6,747
384,561 462,621
ermanent
Endowment		 income off5,421 relates to Investments.
.
OTHER		 INCOME
Unrestricted Restricted Total Unrestricted Restricted Total
Funds
f		 Fundsf 2020
f		 Funds
f		 Funds 2019
f
Community
Development Fund
sundry
income		 36 36 174 174
Sundry Grant Income 54,221 54,221 87,847 87,847
Other sundry income 10,232 16232
54,257 54,257 10,232 88,021 98,253

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
5 5
Support for Ministry
Sii end n nein
Stipends 2,174,449 2,174,449 2,211,082 2,211,082
Curates'stipends 265,355 265,355 231,784 231,784
National
insurance		 248,551 1,651 250,202 248,838 1,617 250,455
Pension costs 99$,135 6,480 999,615 1,049,783 6,747 1,056,530
Appren0ceship levy 10,788 10,788 10,776 10,776
Archdeacons 54,918 54,918 79,815 79,815
Cathedral
stalf		 costs 99,626 99,826 67,071 67,071
Sector ministry stlpends 60,$71 17,754 78,625 55,064 17,389 72,453
Bishop's Chaplain 29,167 29,167 28,568 28,568
University
chaplains		 $$,332 33,332 32,591 32,591
Vacancy fees 10,318 10,318 33,595 33,595
3,980,510 4,048,967 25753 4,074,720
Council Tax 254,705 254,705 232,782 232,782
Parsonage
maintenance		 costs 871 707,370 708,241 2,125 738,144 740,269
Rent ofcurate houses 5$,445 53,445 36,157 36,157
Parsonage
insurancss		 22,403 22,403 21,772 21,772
331,424 292,836 738 144 1,030,980
0
Ama deans' expenses 105 105 4,091 4,091
Amhdeacons' expenses 7,3$1 7,331 14,450 14,450
Removal costs 51,275 51,275 61,919 61,919
Bishop's discretionary fund 19,095 19,095 19,095 19,095
Miscellaneous 11,212 11212 17,465 17,465
89,018 89,018 117,020 117,020
~Treinin
Training costs ofordlnands 1,$90 1,390 2,842 2,842
Robes for Deacons 3,000 3,000 2,429 2,429
Continuing
ministerial		 education 3,959 3,959 11,251 11,251
Readers 670 670 1,322 1,322
Clergy school 3,716
9,019 9. 2
60		 21560
Support costs (note 13) 68,383 46,151 114,534 73,288 52,062 125,350
Governance
costs (note		 13f 14,517 14,517 24,253 24,253
9 900 99 1 9 02 062 9603
4,492,$71 779,406 5,272,277 4,577,924 815,959 5,393,883

Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
Fundsf Funds
F		 2020
6		 Funds
6		 Funds
K		 2019
Parish Share refund to parishes 198,008 108,008 203,740 203,740
Debt provision 83,595 83,595 (22,296) (22,296)
Uppsala
link		 481 481 1,874 1,874
Community
Mental
Health
Chaplaincy 193 193 19,427 19,427
Sector ministry costs 227,535 67,931 295,466 199,348 8,957 206,305
Transformation
funds		 1,016 58,941 59,957 107,735 107,735
Centre of Mission 7,674 7,674 15,348
Loan interest (2) (2)
Support costs (note 13) 62,902 62,902 70,671 70,671
Governance
costs (note 13)		 34,502 34,502 57,641 57,641
615,906 134,046 750 452 530402 116,602 647004,
0.
CHARITABLE ACTIVITIES: CHURCH PROPERTY
Unrestricted Restricted Total Unrestricted Restricted Total
P~ Funds
6		 Funds
6		 2020
6		 Funds Funds
6		 2019
5
Custodian
expenses		 8,218 4,601 12,819 10,414 1,163 11,577
Pr
ert
costs re		 churches
end church ha//s
Diocesan Advisory
Committee 60,207 60,207 105,841 105,841
Resource Church (2,551) 213,277 210,726 2,551 2,551
Church
Inspections		 5,300 5,300 21,100 21,100
Church schoo/s
Depreciation 491,723 491,723 491,723 491,723
Insurances 70,119 70,119 65,969 65,969
Option appraisal, enabling
and maintenance costs 379,050 370,050 125,492 125,492
Bad debt provision 6,252 6,252
Schools proceeds release 9,530 9,530
Support costs (note 13) 7,880 22,534 30,414 10,069 24,968 35,037
Governance
costs (note 13)		 8,503 364 8,867 14,206 37,077 51,283
06,647 1,182,560 1,270,215 164,161 762,174 926,355

Unrestricted Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
6 6 6 L' 6 E
Grants to Church in Wales Bodies
Retired clergy and widows 17,723 17,723 1,324 1,324
Churches
fund		 3,000 24,919 27,919 4,000 24,000 28,000
Mission fund grants to
parishes 27,247 27,247 33,666 33,666
Support grants to parishes 1,422,324 5,257 1,427,581
Support ofretreat facilities 5,000 5,000 5,000 5,000
Llandaff Cathedral 60,000 60,000 60,000 60,000
Bishop's mission
&general
fund 2,320 2,320 7,440 7,440
University
Chaplaincies		 10,805 10,806 10,877 10,877
Trecco Bay Mission 1,250 1,250
RB Emergency
Aid Fund		 16667 16667 16687 16,667
r S45043 50,219 1,595,262 131,460 32764 164,224
Grants to Anglican,
Ecumenical and other
bodies
Penrhys
Ecumenical
Mission		 3,500 3,500 3,500 3,500
The Friends ofthe Clergy
Corporation 300 300
The Trussell Trust 300 300
Citizens
UK		 10,000 10,000 10,000 10,000
Community
development
grants 2,536 2,536
Miscellaneous 1,698 1,698 1,200 6,280 7,480
5,198 10,000 15,198 5,300 18,816 24,116
1,550,241 60,219 1,610,460 136,760 51,580 188,340

nd analysis ofsupport
and gover		 nance
costs.
General
Support
f		 Governance Total
f		 Basis ofapportionment
Salary Costs 150,744 24,946 175,690 Time spent on activity
General Office costs 71,301 4,551 75,652 Tiine spent on activity and floor space
Diocesan conference expenses 159 159 Governance
Audit 5,562 5,562 Governance
Diocesan registrar 24,000 24,000 Governance
Meeting ahd other sundry costs 1,024 1,024 Governance
Legal fees 3,532 3,532 Governance
Legal fees (restricted) 364 364 Governance
222,045 6, 3

.
NE		 T INCOME FO R THE Y EAR
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
8 8 6 8 E
This is after charging
Auditors' remuneration -audit
fees 5,562 5,562 5,400 5,400
Depreciation 19,468 491,723 511,191 18,970 491,723 510,693

No expen ses were paid to any trus tee, other than for travel to meetin gs
where cl		 aimed.
Unrestricted Restricted Total Unrestricted Restricted Total
2020 2019
5 E 6
Employee costs during the year
were
Wages and salaries 418,146 33,275 451,421 407,263 32,601 439,864
Social security costs 37,315 2,780 40,095 37,023 2,723 39,746
Pension contributions 30,918 4,580 35,498 31,347 4,485 35,832
Termination payment 36 DDD 36000
436376 4D 635 537,614 511,633 39,809 551,442

16.
TANGIBLE		 FIXEDASS ETS
Unrestricted funds Restricted funds
Furniture
Office Office and
~Pr mises 1 f~ittin s Land Schools Total
6 g
Cost
At 1 January 2020 629,053 15,634 20,603 61,757 24,586,148 25,313,195
Additions
Disposal /Written off
At 31 December 2020 629,053 15,634 20,603 61,757 24,586,148 25,313,195
Accumulated
depreciation
At 1 January 2020 213,258 9,287 7,190 9,019,409 9,249,144
Disposal
/ Written		 off
Charge for year 15726 1900 1702 491,723 511,191
At 31 December 2020 228,984 11237, 0 !102 0011132 9760335
Net book value
At 31 December 2020 40D,069 4,397 11,621 61 757 151175016 15552 060
At 31 December 2019 4157ll5 6347 13413 61 707 15566730 16D64 D51
17.
INVESTMENTS HELD AS FIXEDASSETS
Property Unrestricted Restricted
funds
6		 fundsf Total
6
Investment
Properties		 220,000 260,000 480,000

Listed Secu rities
Permanent
Unrestricted Restricted endowment
funds funds funds Total
K
Balance at 1 January 2020 7,457,006 109,695 187,601 7,754,302
Additions 1,041,251 12,782 12,185 1,066,218
Disposals
Revaluation		 to market value (940,048)
~44,105		 (8,113)
1,360		 (14,856)
~7,900		 (963,017)
~44,743
Balance at market value at 31 December 2020 7,514,014 115,724 183,022 7,812,760

7. INVESTMENTS HELD AS FIXED INVESTMENTS HELD AS FIXED ASSET S (CONTINUED) S (CONTINUED)
The original cost ofthe above investments at 31 December 2020 was 65,491,709(2019:65,358,575).The above
investments
are valued at mid-market		 valuation on 31 December 2020. All investments are in listed securities and the
investments
are all less than 20'/0 of		 the appropriate listed company. In 2014an additional fund was set up with the
stockbrokers
to hold funds on a medium		 term basis for income yield, but which is realisable to cash on short notice.
8. LONG-TERM LOANS
(a) LOANS-FIXED ASSETS
Balance
Balance 1 31
January New loansi Capital December
2020 Revaluation repaid 2020
6 6 6
i Unrestricted
funds
Loans to parishes
and retired clergy
Retired clergy general loans 126,000 126,000
Retired clergy equity linked loans 417,400 ~30,000 307,400
Total equals amount of loans received 543,400 (30,000) 513,400
from the Representative
Body		 ofthe
Church
in Wales
General C loans 215,966 14,000 (51,500) 178,466
Loan to Citizen Church 525,020 525,020
Loan to Llangasty
Retreat House		 Trust 163,125 163,125
922,491 539,020 ~07,000 1,300,011
Split as follows:
Amount due within one year (current asset) 22,646 40,447
Amount due affer one year (fixed asset) 899,845 1,339,564
ii Restricted Funds
Governor Loans		 129,288 40,000 ~46607 119,621
Split as follows:
Amount due within one year (current asset) 49,667 25,667
Amount due after one year (fixed asset) 79,621 93,954
1,051,779 570,020 ~737,167 1,490,632
Split as follows:
Amount due within one year (current asset) 72,313 66,114
Amount due after one year (fixed asset) 979,466 1,433,518

Loans are provided are provided to Governors ofdiocesan schools to assist with to Governors ofdiocesan schools to assist with to Governors ofdiocesan schools to assist with to Governors ofdiocesan schools to assist with to Governors ofdiocesan schools to assist with the management oftheir 15%liability to school oftheir 15%liability to school oftheir 15%liability to school
capital projects, and for other large projects. No interest is charged on such loans, with the length ofterm usually 5
or 10 years. Loans which are as a result of 15% liability
capital		 projects with contribution received from Welsh
Government are matched with a deferred income provision.
9.
DEBTORS
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
5 8 5 E E 8
Parish share
Provisions		 in arrears
135,846
~135845		 135,846
~135848		 54,290
~52252		 54,290
~52 252
2,038 2,038
Loans due within one
year (see note 15) 40,447 25,667 66,114 22,646 49,667 72,313
Other debtors (due within
one year) 39,872 158,080 197,952 52,639 89,561 142,200
Other debtors (due aRer
one year)
80,319 183,747 264,066 77,323 139,228 216,551

Unrestricted Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
Funds Funds Funds 2020 Funds Funds Funds 2019
8 E
Parish Share
rabataa 189,298 189,298 195,338 195,338
Other creditors 882,437 208,511 200 1,091,148 841,188 50,697 230 892,115
Deferred
Income
Governor Loane 16,000 18,000 16,000 16,000
1,8 1 35 224,511 200 1,296846 L036,526 66,697 230 1,103,453

Balance at Balance at
1 January New Utilisedl 31December
2020 designations released 2020
6 6 6
Transformation Fund 19,288 (1,016) 18,272
DBFVision Fund 3,123,716 (127,186) 2,996,530
Clergy School 20,000 20,000 40,000
Covid-19 Support Fund
Curate Housing
Support		 90,510 293,543
137,130		 ~40,060 293,543
178,680
3 253,514 400 623 177,162 3,527,025

rior year c omp arat ive
-2019
Balance at
Balance at 31
1 January New Utilisedl December
2019 designations released 2019
6 6 6 6
Transformation Funds (DBF) 187,288 (168,000) 19,288
Community Mental Health Chaplaincy 52,914 (52,914)
DBFVision Fund 3,168,000 (44,284) 3,123,716
Clergy School
Curate Housing		 Support 160000 20,000 ~60400 20,000
00510
400,202 3,188,000 334,688 3,253,514

Balance Balance at
at 1 31
January Incoming Resources Investment December
2020 Resources Expended Gains/Losses Transfers 2020
E E E 6 E
Retired Clergy Fund 128,269 3,365 (580) (4,135) (3,365) 123,554
Miss DJN Evans
Trust
Anonymous		 Fund 42,748
40,311
211.328		 1,267
789
5 421		 (209)
~789		 (1,556)
2447
~3,244
(1,267)
~709
~5,421		 40,983
42758
207,295
The income generated by the funds can be used to further the aims of the charity. The income is transferred to general
funds on its receipt, with the exception ofthe Retired Clergy Fund which is transferred
to the		 Retired Clergy Restricted fund.
Prior year comparative —2019
Balance Balance at
at1 31
January Incoming Resources Investment Transfers December
2019
f		 Resources
E		 Expended
E		 Gains/Losses
E		 2019
E
Retired Clergy
Fund 119,055 4,172 (644) 9,858 (4,1 72) 128,269
Miss DJN Evans
Trust
Anonymous		 Fund 39,280
35,275
193.610		 1,571
1,004
6.747		 (243)
~807		 3,711
5036
18,605		 (1,571)
~10D4
~6,747		 42,748
40,311
211,328

Total financial Total financial commitments under non-cancellable operating leases are as follows as at31"December 2020. leases are as follows as at31"December 2020.
2021 2020
6
Operating leases expiring:
Within one year ofthe balance sheet date 4,422 7,170
In two to five years ofthe balance sheet date 2074 6495
6,496 13,665