RepDrt and Financial Statements Adroddiad a Datganiad o Gyfrifon For the yB8r endlng 3￿ December 2021 Ar gyfBr y flwyddyn a dda￿h I ben 31 RhBgfyr 2021 LLE MAE FFYDD YN CYFRIF WHERE FAITH MATTERS Where Faith MaltBrs Lle mae Ffydd yn Cyfrif LlandafF Diocpsan Board uf FinancE B wrdd Cyllid Esgobaeth Llandaf Llpnddff Dlocesan Boerd of Finonce is ¢7 compony limited by gts¢7f¢7ntee ttmd not hovlng a shore copltol. Re¢￿tered in Engl(￿d￿nd Wole5 N?. 488549 Rep5ttred chomy Ng. 242453 ## |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|8-12| |Reference|and Administrative
Details|13-14| |Independent
Auditors'|Report|16-18| |---|---|---| |Statement ofFinancial|Activities|| |Balance Sheet||20| |Cash Flow Statement||21 -22| |Notes to the Financial|Statements|23-42| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 31 Dece|mber 2|021||||||| |---|---|---|---|---|---|---|---|---| ||||||Permanent||Total|Total| ||||Unrestricted|Restricted|Endowment||Funds|Funds| |||Note|Funds
f|Funds
f||Fundsf|2021f|2020
f| |Income and endowments|from:|||||||| |Donations
and legacies
Charitable
activities||4
5|7,029,566
75,028|451,873
228,486|||7,481,439
303,514|7,766,984
528,376| |Investments||6|173,214|181,775||4,471|359,460|384,561| |Other Income||7||70187|||70187|54,257| |Total income and endowments|||7277,800|032,321||4,471|8,214,600|8,734,178| |Expenditure
on:
Raising funds|||44,321|6,290||701|51,312|54,493| |Charitable
activities||||||||| |Support for ministry
Support for parishes
Church
property||8
9
10|4,014,233
631,626
104,650|801,207
179,574
987,020|||4,815,440
811,200
1,091,670|5,272,277
750,452
1,279,215| |Grants and other financial
sUpport
Communication||11
12|1,307,250
101,098|50,461|||1,357,711
101098|1,610,460
107,508| |Total expenditure|||6,203178|2024552||7D1|8220 431|9,074,405| |Net gains/(losses)
on
investments|||629,154|8333||15,120|652 016|126,2DD| |Net incomel(expenditure)|||1,703,784|(1,083,898)||18,899|638,785|(214,027)| |Transfers
between funds|||~607977|672,448|~4,477|||| |Net movement
in funds|||1,035,807|(411,450)||14,428|638,785|(214,027)| |Reconciliation
offunds:
Total funds brought
forward||3,23,27|972028D|, 16604375|,|2,07.295|26530950|26,750.977| |Total funds carried forward||32327|10761,087|, 16192920||221 723|27170735|26536950| ## ## ## ## |Year ended 31De||cem|ber 2021||||||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Permanent|Total|Total| ||||||funds|funds|endowment|funds|funds| |||||Note|||fundsf|2021f|2020f| |7ixed assets:|||||||||| |angible assets||||16|396,619|14,645,050||15,041,669|15,552,860| |nvestment
property||||17|220,000|260,000||480,000|480,000| |nvestments||||17|7,790,744|117,277|201,688|8,109,709|7,812,760| |.ong-term
loans||||18|1,216,572|93,954||1,310,526|1,433,518| |Total fixed|||assets||9,623,935|15116201|201,688|24,941,904|25,279,138| |:urrent assets:|||||||||| |)ebtors||||19|85,062|75,425||160,486|264,066| |;ash at bank and in||hand|||2,445,382|1,109,920|29,035|3,575330|2,870,047| |Total current assets|||||2,530,443|1,185,345|20,035|3,735,822|3,140,113| |.iabilities:|||||||||| |:reditors: amounts
vithin one year|falling due|||29|~938391|~35,740||~077,136|~1.296.446| |Net current assets|||||1,592,052|1,146,599|20,035|2,758,686|1,843,667| |Total assets||less current|||||||| ||||liabilities||11,215,987|16,262,880|221,723|27,700,590|27,122,805| |:reditors: amounts|falling due||||||||| |ifter more than one||year:|||||||| |.oans from the Representative|||||||||| |Iody ofthe
Church||in Wales||18|(454,900)|||(454,900)|(513,400)| |'arish Grants
3overnor Loans||||||~69,055||~69,955|(2,500)
~69,905| |Iofal net assets|||||10,761,087|16,192,925|221,723|27,175,735|26,536,950| |l'he funds ofthe Charity:|||||||||| |=ndowment
funds||||23|||221,723|221,723|207,295| |testricted
income funds||||3||16,163,881||16,163,881|16,575,331| |Jnrestricted
funds:|||||||||| |Designated||||22|3,849,076|||3,849,076|3,527,025| |General|||||6,725,852|||6,725,852|6,012,096| |tevaluation
Reserve|||||186,159|29,044||215,203|215,203| |Total|charity funds|||27|10,761,087|16,192,925|221,723|27,175,735|26,536,950| ## |CASHFLOW STATEMENT
Year ended 31 December 2021
(a compa|ny
limited by|guarantee
and n|ot having a share|capital)| |---|---|---|---|---| |||2021f||2020
f| |Cash flows from operating
activities:
Net cash provided
by operating
activities||(11,370)||(579,417)| |Cash flows from investing
activities:
Dividends,
interest and rents from investments|354,989||379,140|| |Purchase ofproperty,
plant and equipment
Proceeds from sale of investments
Purchase
ofinvestments
Net cash provided
by investing activities|1,986,025
311630307|710057|1,133,960
~1,D66.218|446 882| |Cash flows from financing
activities:||||| |Net cash provided
by financing
activities||||| |Change
in cash and cash equivalents
in the reporting
period||699,288||(132,535)| |Cash and cash equivalents
at the beginning
ofthe
reporting
period||2 876,047||3,008,582| |Cash and cash equivalents
at the end ofthe reporting
period||3575330||2.870,047| |Reconciliation
of net income/(expenditure)
to net cash
flow from operating
activities||2021f||2020
f| |Net income/(expenditure)
for the reporting
period (as
per the statement
offinancial
activities)||638,782||(214,027)| |Adjustments
for:
Depreciation
charges
(Gains)/losses
on investments
Dividends,
interest and rents from investments
Decrease/(Increase)
in debtors
Increase/ (decrease)
in creditors||511,191
(652,616)
(354,989)
226,572
~380310||511,191
(126,200)
(379,140)
(501,567)
13D326| |Net cash provided
by (used in) operating
activities from
operating
activities||11370||579417| |Analysis ofcash and cash equivalents||2021f||2020f| |Cashin
hand
Notice deposits (less than 3 months)
Total cash and cash equivalents||3575335
3575335||2,865,625
10,422
2,876,047| ## |Anal|sis ofchan
es in net f|unds|||||| |---|---|---|---|---|---|---|---| |||||||Other|| |||||New||non-|Balance| |||Opening|Cash-|finance|Interest|cash|carried| |||balance|flows
8|leases
E|changes
f|changes
6|forward
8| |Cash||2,865,625|709,710||||3,575,335| |Cash|Equivalents|10,422|10,422||||| |||2,876,047|699,288||||3575,335| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Balance||||Investment|Balance| |---|---|---|---|---|---|---|---| |||||||gains/(losses|| |||1 January
2021
F|Transfer
offunds
5|Incoming
resources
5|Outgoings
f||31 December
2021
5| |Retired clergy
Parsonage
board||56,220
45,989|3,248
664,200|126,072|(818,617)||59,468
17,644| |Schools funds:
External
grants
Accumulated
funds
Sundry trusts
Bishop's mission fund||15,654,194
376,375
69,133||118,082
144,534
1,521|(575,417)
(105,961)
(2,941)|5,144|15,196,859
414,948
72,827| |Transformation
fund|||||||| |Landscapes/Journeys
in Faith
Church
Improvement
Fund
Community
Development||5,591
2,081
319,691||26,942
42,500|(32,523)
(20,500)||10
24,081| |Restricted
Donations||||24,157|(22,465)||321,383| |RBEvangelism
Fund
W.O.D.S.||75101|5000|447 196|~439031|3219|8165| |||16,604 375|072440|932 321|~2024 552|0333|16,102925| ## ## ## |m)
Movements
on|Restricte|d Funds
rior|ear co
ar|ative|||| |---|---|---|---|---|---|---|---| |||Balance||||Investment|Balance| |||1 January
2020f|Transfer
offunds
6|Incoming
resources
6|Outgoings|gains/(losses)
F|31 December
2020
6| |Retired clergy
Parsonage
board||52,681
9,871|3,365
664,200|174
133,768|(761,850)||56,220
45,989| |Schools funds:
External grants
Accumulated
funds
Sundry trusts
Bishop's mission
fund
Transformation
fund
Landscapes/Journeys
in Faith
Church
Improvement
Fund
Community
Development
Restricted
Donations||15,781,481
686,167
66,452
58,940
27,310
1,500
335,537||348,264
182,435
1,613
2,320
28,721
25,500
36,305
5,256|(475,551)
(492,227)
(501)
(2,320)
(58,940)
(50,440)
(24,919)
(53,151)
(5,256)|1,569|15,654,194
376,375
69,133
5,591
2,081
319,691| |RB Evangelism
Fund
W.O.D.S.||85,091|5000|221,175
991|(221,175)
~17724|1,743|75,101| |||17166D35|672565|666522|~2764554|3312|16664375| ## ## |4.||DONATIONS|DONATIONS|AND|LEGACIES||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted||Total|Unrestricted|Restricted|Total| ||||||Funds|Funds||2021|Funds|Funds|2020| |||||||||6|F||5| |Grants||from the|||||||||| |Representative|||Body|ofthe|||||||| |Church||in Wales|||||||||| ||Block grant||||987,671|||987,671|1,489,782||1,489,782| ||Other||||1,796,523|447,196||2,243,719|1,724,201|221,175|1,945,376| ||||||2,784,194|447,196||3,231,390|3,213,983|221,175|3,435,158| |Parish||Share|||4,196,837|||4,196,837|4,210,477||4,210,477| |Parish||&School|contributions|||520||520||25,375|25,375| |9|tt|/8 t|t 9|t|48535|4157|,|52 892|72 519|23,455|95,974| ||||||7829566|451873||7481439|7496979|279995|7766984| ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||Funds|Funds|2021|Funds|Funds|2020| |||6|6|6|E|6|E| |Support for ministry|||||||| |Hospital
chaplaincies|||||||| |Stipendiary
secondment||20,719||20,719|26,828||26,828| |Clergy school grant||3,000||3,000|3,000||3,000| |Grants for work on parsonages|||17,814|17,814||2,912|2,912| |Support forparishes|||||||| |Staff recharges||54,787||54,787|25,348||25,348| |Schools receipts||(3,483)||(3,483)|19,030||19,030| |Licence income||5||5|570||570| |Church property|||||||| |Grants for schools capital projects|||143,749|143,749||382,950|382,950| |Schools contributions|to insurances||66,923|66,923||67,728|67,728| |Communications|||||||| |Directory sales, copying charges|||||10||10| |||75,028|228,486|303,514|74,786|453,590|528,376| ## ## ## ## ## |||||Unrestricted|Restricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---|---| |||||Funds||Funds|2021|Funds|Funds|2020| |||||6||6|K|F|6|| |Bank and other interest
Dividend
and trust income
Rental income||||3,963
148,918
20333||85
2,471
179219|4,048
151,389
199552|4,959
145,348
20,153|3,751
2,317
202 602|8,720
147,665
222 755| |||||173224||181775|354,989|170,47D|208 670|379,14D| |Permanent
Endowment|||||||4 471|||5 421| ||||||||35946D|||384,561| |Permanent
Endowment|||income ofE4,471 relates|||to Investments.||||| |7.|OTHER INCOME|||||||||| ||||Unrestncted||Restricted||Total|Unrestricted|Restricted|Total| |||||Funds|Funds||2021|Funds|Funds|2020| |||||6|F||6||E|K| |Community||||||||||| |Development
Fund
sundry
income|||||||||36|36| |Sundry|Grant|Income|||69,442||69,442||54,221|54,221| |Other|sundry|income||||745|745|||| ||||||70,187||70,187||54,257|54,257| ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||Funds|Funds|2021|Funds|Funds|2020| |||||||||8| |Support for Ministry||||||||| |ti ends feesand|ensions|||||||| |Stipends|||2,177,553||2,174,449|2,174,449||2,174,449| |Curates' stipends|||256,025||265,355|265,355||265,355| |National
Insurance|||241,682||250,202|248,551|1,651|250,202| |Pension costs|||492,470||999,615|993,135|6,480|999,615| |Apprenticeship
levy|||10,641||10,788|10,788||10,788| |Archdeacons|||48,390||54,918|54,918||54,918| |Cathedral
staff costs|||96,780||99,626|99,626||99,626| |Sector ministry
stipends|||72,585||78,625|60,871|17,754|78,625| |Bishop's Chaplain|||38,154||29,167|29,167||29,167| |University
chaplains|||24,195||33,332|33,332||33,332| |Vacancy fees|||000||1
1|||10318| ||||||||00|0| |Council Tax|||246,480|57|246,537|254,705||254,705| |Parsonage
maintenance||costs|415|749,887|750,302|871|707,370|708,241| |Rent ofcurate houses|||64,118||64,118|53,445||53,445| |Parsonageinsurances|||25 173||25 173|22 03||22 403| ||||||0|33|707,370|1,038,794| |Area deans' expenses|||278||278|105||105| |Archdeacons'expenses|||7,438||7,438|7,331||7,331| |Removal costs|||78,353||78,353|51,275||51,275| |Bishop's discretionary|fund||19,095||19,095|19,095||19,095| |Miscellaneous||||||11212||11,212| |||||||||8| |~Treinin||||||||| |Training costs of ordinands|||280||280|1,390||1,390| |Robes for Deacons|||468||&68|3,000||3,000| |Continuing
ministerial|education||2,004||2,004|3,959||3,959| |Readers|||273||273|670||670| |Clergy school||||||||| ||||2,089||2089|9019||| |Support costs (nots f3)|||58,587|51,263|109,850|68,383|46,151|114,534| |Governance costs (note||13)|20,350||20 350|14517||| ||||78937|51263|130200|82,900|46,151|129051| ||||.0 . 33|||4,492,871|779,406|5,272,277| ## ## ## |9.
CHARITABLE ACTIVIT|IES: SUPPORT|FOR PARISH|ES|||| |---|---|---|---|---|---|---| ||Unrestricted|Restricted|Total|Unrestncted|Restricted|Total| ||Funds|Funds|2021|Funds|Funds|2020| ||F|8|5|E|F|F| |Parish Share refund to parishes
Debt provision
Uppsala
bnk|213,753
24,978
151||213,753
24,978
151|198,008
83,595
481||198,008
83,595
481| |Community
Mental Health
Chaplaincy||||193||193| |Sector ministry costs
Transformation
funds|251,439
10,000|155,290|406,729
10,000|227,535
1,016|67,931
58,941|295,466
59,957| |Centre of Mission|24,224||48,508|7,674|7,674|15,348| |Loan interest||||||| |Support costs (note 13)
Governance
costs (note 13)|58,716
46365||58,716
48,365|62,902
34,502||62,902
34,502| ||631626|179574|811,200|615,906|134,546|750,452| |10.
CHARITABLE ACTIVITIES: CHURCH||PROPERTY||||| |Unrestricted||Restricted|Total|Unrestricted|Restricted|Total| |P~
Custodian
expenses|Funds
8,218|Fundsf
4,601|2021
12,819|Funds
5
8,218|Funds
4,601|2020
12,819| |P
ert costsre churches||||||| |snd church halls||||||| |Diocesan Advisory
Committee|55,405||55,405|105,841||105,841| |Resource Church||306,348|306,348|2,551||2,551| |Church Inspections|4,700||4,700|21,100||21,100| |~Ch
h* h
Depreciation
Insurances|19,468|491,723
69,444|511,191
69,444||491,723
65,969|491,723
65,969| |Option appraisal,
enabling
and maintenance
costs|2,310|83,647|85,957||125,492|125,492| |Bad debt provision
Schools proceeds release|||||6,252
9,530|6,252
9,530| |Support costs (note 13)
Governance costs (note 13)|8,405
5563|24,204
6357|32,609
11,920|7,880
8,503|22,534
364|30,414
8,867| ||104650|987020|1 091,670|96,647|1,182,568|1,279215| ## ||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||Funds|Funds|2021|Funds|Funds|2020| ||6|||6|E|E| |Grants to Church in Wales|Bodies|||||| |Retired clergy and widows||6,900|6,900||17,723|17,723| |Churches
fund|100|20,500|20,600|3,000|24,919|27,919| |Mission fund grants to||||||| |parishes|6,325|561|6,886|27,247||27,247| |Support grants to parishes|1,206,590||1,206,590|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 8 general||||||| |fund|||0||2,320|2,320| |University
Chaplaincies|7,818||7,818|10,805||10,805| |Trecco Bay Mission|1,250||1,250|||| |RB Emergency
Aid Fund|16,667||16,667|16,667||16,667| ||1,303,750|27,961|1,331,711|1,545,043|50,219|1,595,262| |Grants toAnglican,||||||| |Ecumenical and other||||||| |bodies||||||| |Penrhys
Ecumenical
Mission|3,500||3,500|3,500||3,500| |The Friends ofthe Clergy||||||| |Corporation||||||| |The Trussell Trust||||||| |Citizens
UK|||||10,000|10,000| |Community
development||||||| |grants||||||| |Miscellaneous||22,500|22,500|1,698||1,698| ||3,500|22,000|26,0DD|5100|100DD|15,198| ||1,307,250|50461|1357711|1550241|DD219|1610460| ## ## ## ## |The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.|The Board identifies
the costs of its support
functions.
It then
identifies
those costs which
relate to the governance
function.
Having
identified
its governance
costs, the remaining
support
costs together
with the governance
costs are
apportioned
between
the four key areas of charitable
activities
undertaken
in the year. The table below details the basis
ofapportionment
and analysis ofsupport and governance
costs.| |---|---|---|---|---|---|---|---|---|---|---| ||||General|||||||| ||||Support|Governance||||Total|Basis ofapportionment|| ||||6|||||||| |Salary Costs|||152,776|||26,620||179,396|Time spent on|activity| |General Office costs|||61,847|||3,948||65,795|Time spent on|activity snd floor space| |Diocesan conference|expenses|||||3,706||3,706|Governance|| |Audit||||||6,330||6,330|Governance|| |Diocesan registrar||||||24,000||24,000|Govemence|| |Meeting snd other sundry||costs||||5,946||5,946|Governance|| |Legal fees||||||12,492||12,492|Governance|| |Legal fees (restricted)||||||6,357||6357|Governance|| ||||214,623|||89,399||304,022||| ## ## ## |No remuneration
was paid to a|No remuneration
was paid to a|ny trustee or any person connected
with|ny trustee or any person connected
with|ny trustee or any person connected
with|a trust|ee
during the year|(2020 - fnil).|| |---|---|---|---|---|---|---|---|---| |No expenses were paid to any||trustee, other than for travel to meetings|||where|claimed.||| |||Unrestricted|Restricted||Total|Unrestricted|Restricted|Total| ||||||2921|||2020| ||||||f|||f| |Employee|costs during the year|||||||| |were||||||||| |Wages and|salaries|471,167|59,061|530,228||418,146|33,275|451,421| |Social security costs||41,796|5,611||47,407|37,315|2,780|40,095| |Pension contributions||36,064|3,544||39,608|30,918|4,580|35,498| |Termination|payment|||||||| |||549,027|68,216|617,243||486,379|40,635|527,014| ## ## ## ## ## ## ## |Listed Secu|rities||||| |---|---|---|---|---|---| |||||Permanent|| |||Unrestricted|Restricted|endowment|| |||funds|funds|funds|Total| ||||||6| |Balance at 1 January 2021||7,514,014|115,724|183,022|7,812,760| |Additions||1,577,709|7,691|44,957|1,630,357| |Disposals||(1,624,032)|(13,768)|(38,563)|(1,676,363)| |Revaluation|to market value|323,053|7,630|12,272|342 955| |Balance at market value at 31December 2021||7,790,744|117,277|201,688|8,109,709| ## ## ## ## |17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|17.
INVESTMENTS HELD AS FIXED ASSETS (CONTINUED)|| |---|---|---|---|---|---|---|---|---| |The original cost of the above investments
at 31 December 2021 was f5,445,131(2020:E5,491,709).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%ofthe 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.||||||||| |18.|LONG-TERM LOANS|||||||| |(a)|LOANS-FIXED ASSETS||||||Balance|| ||||Balance
1||||31|| ||||January
2021|New loansl
Revaluation
6||Capital
repaid|December
2021f|| |i Unrestricted
funds||||||||| ||Loans to parishes and retired clergy|||||||| ||Retired clergy general
loans
Retired clergy equity linked loans
Total equals amount of loans received
from the Representative
Body ofthe||126,000
307400
513,400||(28,500)
~30,000
(30,000)||97,500
357,400
454,900|| ||Church
in Wales|||||||| ||General C loans||178,466|25,000||(33,735)|16g,731|| ||Loan to Citizen Church
Loan to Llangasty
Retreat House Trust||525,020
163,125
1.380,011|25,000|(20,000)
~742,235||505,020
163,125
1292776,|,| ||Split ss follows:
Amount
due within one year (current asset)
Amount
due after one year (fixed asset)||40,447
1,339,564||||76,204
1,216,572|| |ii Restricted
Funds||||||||| ||Governor Loans||119621||||119,621|| ||Split as follows:
Amount due within one year (current asset)
Amount due after one year (fixed asset)||25,667
93,954||||25,667
93,954|| ||||1,499,632||||1,412397|| ||Split as follows:
Amount
due within one year (current asset)
Amount
due after one year (fixed asset)||66,114
1,433,518||||101,871
1,310,526|| ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||Funds
F.|Funds
F|2021
F|Funds
f|Funds
f|2020| |Parish share
Provisions|in arrears||I|154,712
1042712||154,712
~454 712|135,846
~735,046||135,846
~735.046| |Loans due within one|||||||||| |year(see note||18)||76,204|25,667|101,871|40,447|25,667|66,114| |Other debtors||(due within|||||||| |one year)||||8,858|49,758|58,615|39,872|156,080|197,952| |Other debtors||(due after|||||||| |one year)|||||||||| |||||85062|75420|160486|80,319|183747|264066| ## ## ||Unrestricted|Restricted|Endowment|Total|Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---|---|---| ||Funds|Funds|Funds|2021|Funds|Funds|Funds|2020| |ariah Share||||||||| |.bates|201,606|||201,608|189,298|||189,296| |ther creditors|736,763|22,746|200|759,529|882,437|208,511|200|1,091,146| |eferred||||||||| |come||||||||| |ovemor Loans||||||16,000||| ||938391|30746||977 136|1071735|22,4,51,1|200|1 296| ## ## ## ## ## ## ## |||||Balance||||||||Balance at| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||at1||||||||31| |||||January||Incoming|Resources||Investment|||December| |||||2021||Resources|Expended|Gains/Losses||Transfers||2021| |||||f||5|6||6|E||6| |Retired Clergy||Fund||123,554||3,248|(505)||7,708|(3,248)||130,756| |Miss DJN Evans||||||||||||| |Trust||||40,983||1223|(196)||2,902|(1,223)||43,689| |Anonymous|Fund|||42,758
207,295||4471|~701||4519
15129|~4471||47 270
221,723| |The income|generated|||by the funds|can be used to further the aims ofthe charity. The income is transferred|||||||to general| |funds on its receipt,|||with the exception|||of the Retired|Clergy
Fund|which|is transferred|to the Retired|Clergy Restricted|| |fund.||||||||||||| |Prior year comparative||||—2020||||||||| |||||Balance|||||||Balance at|| |||||at1||||||||31| |||||January|Incoming||Resources|Investment||Transfers|December|| |||||2020|Resources||Expended|Gains/Losses|||2020|| |||||6||6|6||F|||| |Retired Clergy||||||||||||| |Fund||||128,269||3,365|(580)||(4,135)|(3,365)||123,554| |Miss DJN Evans||||||||||||| |Trust
Anonymous|Fund|||42,748
40311
211,320||1,267
789
(209)
5421 ~780||(1,556)
2,447
~3,244||(1,267)
~780
~5420||40,983
42758
207,295| ## |Total financ|ial
commitments
under non-cancellable
op|erating
leases are as|follows as| |---|---|---|---| |||2022|2021| |||6|E| |Operating|leases expiring:||| |Within one|year ofthe balance sheet date|2,552|4,422| |In two to five years ofthe balance sheet date||15|2,074| |||2,567|6,496| ## ## ## ## ## ||2021|||||| |---|---|---|---|---|---|---| |||Unrestricted
6|Designatedf|Restricted
6|Endowment
E|Total
K| |Tangible fixed assets||396,618||14,645,050||15,041,669| |Investments||6,227,316|3,000,000|471,231|201,688|9,900,235| |Net current assets
Due after one year||742,977
~452900|849,076|1,146,599
~69955|20,035|2,758,686
~524,855| |||6912011|3849 016|16192025|221,723|~27 17~5735| ||2020|||||| |||Unrestricted|Designated|Restricted|Endowment|Total| |||6||6||6| |Tangible fixed assets||416,087||15,136,773||15,552,860| |Investments||6,073,578|3,000,000|469,678|183,022|9,726,278| |Net current assets
Due after one year||221,990
~513.400|527,025|1,070,379
72,455|24,273|1,843,667
~585,055| |||6,198,255|3,527,025|16,604,375|207,295|26,536,950|