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|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<br>-|15|





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|The managing trustees who serv<br>statementswere:|ed during the year and up to the date of approval ofthe financial|
|---|---|
|RevJennyGarrard|Co-optedTrustee|
|MrPeterWalker|Treasurer<br>—retired 29June 2020|
|RevNeiys Tudor|Ministries Department, PresbyterianChurch ofWales|
|RevMarcus Robinson|Moderator, PresbyterianChurch ofWales|
|RevMeirion Morris|ResourcesDepartment &Properties Board,PresbyterianChurch|
||ofWales|
|DrRhydianGriffiths<br>MrsJoannaThomas-Wright|HistoricalDepartment, Presbyterian ChurchofWales<br>Secretary<br>—appointed 8September 2020|
|MrMiaraRabearisoa|Treasurer<br>— appointed 8 September 2020|
|MrGlynog Davies<br>MrIan Hayward|AssociationintheSouth, Presbyterian Church ofWales<br>Associationinthe East, Presbyterian Church ofWales|
|Mrs SianEdwards|Co-opted Trustee/JointManagerColegyBala|
|RevTreforLewis|AssociationintheNorth, PresbyterianChurch ofWales/ Chair|





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|Statementoffinancialacti<br>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<br>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|






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||||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|





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||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|



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|Support costs|||
|---|---|---|
||2020|2019|
||£|£|
|Office andmaintenance costs|35,272|30,908|
|Legal and professionalfees<br>Depreciation|56,227<br>260|32<br>56,355|
||91,759|87,295|



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|3<br>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||





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||2020|2019|
|---|---|---|
||£|£|
|At 1January|223,257|214,877|
|Unrealisedgain fortheyear||8,380|
|At 31 December|223,257|223,257|





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|6<br>Debtors|||
|---|---|---|
||2020|2019|
||£|£|
|Prepayments|302|284|
|Amounts owedfromthe PresbyterianChurch ofWales|6,063|1,109|
||6,365|1,393|





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|7<br>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|



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