| Contents | Page | Page |
|---|---|---|
| Legal and administrativeinformation | 1 | - 2 |
| Reportofthetrustee | 3 | -4 |
| Statementof trustees’ responsibilities | 5 | |
| Independentauditors’ report | 6 | - 7 |
| Statementoffinancial activities | 8 | |
| Balancesheet | 9 | |
| Notes tothefinancialstatements | 10 - |
15 |
| The managing trustees who serv statementswere: |
ed during the year and up to the date of approval ofthe financial |
|---|---|
| RevJennyGarrard | Co-optedTrustee |
| MrPeterWalker | Treasurer —retired 29June 2020 |
| RevNeiys Tudor | Ministries Department, PresbyterianChurch ofWales |
| RevMarcus Robinson | Moderator, PresbyterianChurch ofWales |
| RevMeirion Morris | ResourcesDepartment &Properties Board,PresbyterianChurch |
| ofWales | |
| DrRhydianGriffiths MrsJoannaThomas-Wright |
HistoricalDepartment, Presbyterian ChurchofWales Secretary —appointed 8September 2020 |
| MrMiaraRabearisoa | Treasurer — appointed 8 September 2020 |
| MrGlynog Davies MrIan Hayward |
AssociationintheSouth, Presbyterian Church ofWales Associationinthe East, Presbyterian Church ofWales |
| Mrs SianEdwards | Co-opted Trustee/JointManagerColegyBala |
| RevTreforLewis | AssociationintheNorth, PresbyterianChurch ofWales/ Chair |
| Statementoffinancialacti 31 December 2020 |
vities | fortheyea | r ended | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Note | Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | ||
| Incomefrom: | |||||
| Courseand residentialFees | 16,256 | - | 16,256 | 64,219 | |
| Shop sales | 42 | - | 42 | 359 | |
| Grants | 25,000 | - | 25,000 | - | |
| Donations | 2,386 | - | 2,386 | 2,981 | |
| Grantfrom Presbyterian Church ofWales | 85,976 | - | 85,976 | 81,834 | |
| Bankinterest | 360 | - | 360 | 869 | |
| Other | 21,969 | - | 21,969 | 98 | |
| Total | 151,989 | - | 151,989 | 150,360 | |
| Expenditureon: | |||||
| Courses | 2 | 195,211 | - | 195,211 | 192,776 |
| Shop costs | 2 | 135 | - | 135 | 3,107 |
| Total | 195,346 | 195,346 | 195,883 | ||
| Net (expenditure) | (43,357) | (43,357) | (45,523) | ||
| Otherrecognisedgains andlosses Unrealisedgains onheritageassets |
5 | - | - | - | 8,380 |
| Netmovementinfunds | (43,357) | - | (43,357) | (3’,i) | |
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 344,101 | 223,257 | 567,358 | 604,501 | |
| Totalfundscarried forward | 7 | 300,744 | 223,257 | 524,001 | 567,358 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Fixedassets | ||||
| Tangibleassets | 4 | 385,789 | 430,531 | |
| Heritageassets | 5 | 223,257 | 223,257 | |
| 609,046 | 653,788 | |||
| Currentassets | ||||
| Stock | 4,192 | 4,621 | ||
| Debtors | 6 | 6,365 | 1,393 | |
| Cashatbankand inhand | 19,027 | 38,386 | ||
| ShortTermDeposits | 55,793 | 55,713 | ||
| 85,377 | 100,113 | |||
| Creditors: amountsfallingduewithinone | ||||
| year | ||||
| OwedtothePresbyterianChurchofWales | 167,653 | 182,406 | ||
| Sundrycreditorsandaccruals | 2,769 | 4,137 | ||
| 170,422 | 186,543 | |||
| Netcurrent(liabilities) assets | (85,045) | (86,430) | ||
| Totalassetslessnetcurrentliabilities | 524,001 | 567,358 | ||
| Funds | ||||
| Unrestricted | 7 | 300,744 | 344,101 | |
| Restrictedfund | — HowellHarrisMuseum and | 7 | 223,257 | 223,257 |
| artefacts | — | |||
| Totalfunds | 524,001 | 567,358 |
| Staffcosts | Support | Other | 2020 | 2019 | |
|---|---|---|---|---|---|
| £ | costs | costs | £ | £ | |
| £ | £ | ||||
| Courses | 46,806 | 91,759 | 56,646 | 195,211 | 192,776 |
| Shop | - | - | 135 | 135 | 3,107 |
| 46,806 | 91,759 | 56,781 | 195,346 | 195,883 |
| Support costs | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Office andmaintenance costs | 35,272 | 30,908 |
| Legal and professionalfees Depreciation |
56,227 260 |
32 56,355 |
| 91,759 | 87,295 |
| 3 Staffcosts |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 43,494 | 43,730 |
| Social securitycosts | 3,312 | 3,238 |
| 46,806 | 46,968 | |
| The number ofemployees duringtheyearwas: | 2 | 2 |
| Thenum | be | rofemployees whoreceivedemol | uments withinthe followingranges wa | s: |
|---|---|---|---|---|
| 2020 | 2019 | |||
| Number | Number | |||
| £;o,00i | to | £20,000 | 1 | 1 |
| £20,001 | to | £30,000 | 1 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| At 1January | 223,257 | 214,877 |
| Unrealisedgain fortheyear | 8,380 | |
| At 31 December | 223,257 | 223,257 |
| 6 Debtors |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Prepayments | 302 | 284 |
| Amounts owedfromthe PresbyterianChurch ofWales | 6,063 | 1,109 |
| 6,365 | 1,393 |
| 7 Movementon |
funds | ||||
|---|---|---|---|---|---|
| Balance | Total | Total | Balance | ||
| 1 | incoming | resources | 31 | December | |
| January | resources | expended | 2020 | ||
| 2020 | |||||
| £ | £ | £ | £ | ||
| Unrestricted | 344,101 | 151,989 | (195,346) | 300,744 | |
| Restricted | 223,257 | - | 223,257 | ||
| 567,358 | 151,989 | (195,346) | 524,001 |