| Contents | Page | |
|---|---|---|
| Legal and a ministrative information |
1-2 | |
| Report ofthe trustee | 3-4 | |
| Statement oftrustees' | responsthilities | |
| Independent auditors' |
report | 6-8 |
| Statement ofSnancisl | activities | |
| Balance sheet | 10 | |
| Notes tothe financial | statements |
| Thetrustees who served staterrlerrts were: |
during the year and up to the date ofapproval cfthe Qnancial |
|---|---|
| RevJenny Gamud RcvT.Evan Morgan |
Co-opted Trustee Moderator, Presbyterian Church of Wales —appointed 21 |
| September so21 | |
| Rev Nerys Tudor | Ministries Department, Presbyterian Church ofWales |
| RcvMarcus Robinson | Moderator, Presbyterian Church ofWales - retired 21September |
| 2021 | |
| Rev Meirion Morris | Resource Department &Pmperties Board, Pmsbytemm Church |
| ofWales | |
| Dr Rbidisn GrifEtbs Mrs Joanna Thomas-Wright Mr Misra Rabearisoa |
Historical Department, Presbyterian Church ofWales TIMSllYW~—rerired 24March 2021 |
| Mr Glynog Davies MrIan Hayward |
Association inthe South, Presbyterian Church ofWales Association inthe East, Presbyterian Church ofWales / Secretary |
| Mrs Sian Edwards RevTrufor Lewis |
copter Trustee / Joint Manager Coleg y Bala Assoriation inthe North, Presbyterian Church ofWales / Chair |
| Mr David Thomas Mid Wales and Bonier Presbytery Under the scheme~the College, the body ofmanayng trustees shall consist when complete of |
|
| 8 ex ofgcio trustees, 6 nominated | trustees and not more than 4 co-opted trustees. The nominated |
| trustees will be appointed ssfollows: |
31December 2021 |
y | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | Unrestricted | Total | Total | ||
| 8 | |||||
| Income gromt | |||||
| Course and residential fees | 19&917 | 19)917 | 16,256 | ||
| Shop sales Grants |
221 15,000 |
221 15,000 |
42 25&OOO |
||
| Donations | 2,631 | 2)63'1 | 2,386 | ||
| Grant fmm Presbyterian Church ofWales Bank interest |
44)347 | 44&347 148 |
85,976 36o |
||
| Other | 24&470 | 24)470 | 21,969 | ||
| Total | 106&734 | 106'734 | 151,989 | ||
| Expenditure on: |
|||||
| Courses Shop costs |
157)255 88 |
157&255 88 |
195)211 5 |
||
| 7)343 | 157)343 | 195,346 | |||
| Net (expenditure) | (so,6o9) | (so,6o9) | (43,3S7) | ||
| Other recognised gains and losses Unrealised gains on heritage assets |
17,986 | 17,986 | |||
| Net movement infunds | (50,609) | 17,986 | (32,623) | (43,357) | |
| ReconcBiafion offunds: | |||||
| Total funds bmught forward | 300)744 | 223257 | 524.001 | 567358 | |
| Total funds carried forward | 7 | 250135 | 241&243 | 491)378 | 524,001 |
| Balance sheet a | sat31December | 2021 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | 5 | |||
| Fixed assets | ||||
| Tangible assets | 328,686 | 385,789 | ||
| Heritage assets | 223857 | |||
| 569~929 | 6og,o46 | |||
| Current assets | ||||
| Stock | 4~355 | 4&192 | ||
| Debtors | 7,356 | 6365 | ||
| Cash atbank and in hand | 20~653 | 19,027 | ||
| Short Term Deposits | 59~770 | 55~793 | ||
| 92~134 | SSV77 | |||
| Creditors: amounts sdling due within one | ||||
| year Owed tothe Presbyterian Church ofWales Sundry creditors and accruals |
167,667 3,018 |
167,653 2,76g |
||
| 17o,685 | 1'70,422 | |||
| Net current (iiabtTities) assets | (78551) | (85,o45) | ||
| Total assets less net current habiTities | 491,378 | 524,001 | ||
| Funds | ||||
| Unrestricted | 250.135 | 300&744 | ||
| Restricted fund —Howell | Harris Museum and | 244243 | 223257 | |
| aitefacts | ||||
| Total funds | 491478 | 524,001 |
| Staffcosts | Support CostSf |
Other costsf |
2021f | 2020f | |
|---|---|---|---|---|---|
| Courses | 46,o61 | 77,916 | 33,278 | 157255 | 195,211 |
| Shop | 88 | 88 | 135 | ||
| 46&061 | 77,916 | 33&366 | 157,343 | 195&346 |
| Support costs | 2021f | 2020 | |
|---|---|---|---|
| Office and maintenance | costs | 20461 | 35 272 |
| Legal and professional | fees | 352 | 26o |
| Depreciation | 57&103 | 56,227 | |
| 77,916 | 91&759 |
| 3 Staffcosts |
|||
|---|---|---|---|
| 2021 | 2020f | ||
| Wages and salaries | 42,816 | 43&494 | |
| Social security costs | 3&245 | 3&312 | |
| 46,o61 | 46,8o6 | ||
| The number ofemployees | during the year was: |
| 4 Tangible assets |
|||
|---|---|---|---|
| Funttture, | |||
| Property | Fitttttgs and | ||
| Improvements | FApnpment | Total 8 |
|
| Cost | |||
| At 1January 2021 | 814,938 | 317&467 | 2&405 |
| Additions | |||
| At31December aom. | 814,938 | 317&467 | 1,132,405 |
| Accumulated Depreciation |
|||
| At 1January 2021 | 549,363 | 197253 | 746,616 |
| Charge foryear | 40&747 | 16&356 | 57 103 |
| At31Decenlber' 2021 | 590,110 | 213&609 | 803&719 |
| Net book value at31December 2021 | |||
| At31Dcccnlbcl' 2020 | 265,575 | 120,214 | 385,789 |
| 2021 | 2020 | |
|---|---|---|
| At 1January | 223&257 | 223 257 |
| Unrealised gain forthe year |
17,986 | |
| At 31December | 241&243 | 223&257 |