## 

## 

|Contents||Page|
|---|---|---|
|Legal and a ministrative<br>information||1-2|
|Report ofthe trustee||3-4|
|Statement oftrustees'|responsthilities||
|Independent<br>auditors'|report|6-8|
|Statement ofSnancisl|activities||
|Balance sheet||10|
|Notes tothe financial|statements||





## 

## 

## 

|Thetrustees<br>who served<br>staterrlerrts<br>were:|during the year and up to the date ofapproval cfthe Qnancial|
|---|---|
|RevJenny Gamud<br>RcvT.Evan Morgan|Co-opted Trustee<br>Moderator,<br>Presbyterian<br>Church<br>of Wales —appointed<br>21|
||September so21|
|Rev Nerys Tudor|Ministries Department,<br>Presbyterian<br>Church ofWales|
|RcvMarcus Robinson|Moderator, Presbyterian<br>Church ofWales - retired 21September|
||2021|
|Rev Meirion Morris|Resource Department<br>&Pmperties Board, Pmsbytemm<br>Church|
||ofWales|
|Dr Rbidisn GrifEtbs<br>Mrs Joanna Thomas-Wright<br>Mr Misra Rabearisoa|Historical Department,<br>Presbyterian<br>Church ofWales<br>TIMSllYW~—rerired 24March 2021|
|Mr Glynog Davies<br>MrIan Hayward|Association inthe South, Presbyterian<br>Church ofWales<br>Association inthe East, Presbyterian<br>Church ofWales / Secretary|
|Mrs Sian Edwards<br>RevTrufor Lewis|copter Trustee / Joint Manager Coleg y Bala<br>Assoriation inthe North, Presbyterian<br>Church ofWales / Chair|
|Mr David Thomas<br>Mid Wales and Bonier Presbytery<br>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:||





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 



## 

## 

|<br>31December 2021||y||||
|---|---|---|---|---|---|
|||||2021|2020|
||Note|Unrestricted||Total|Total|
||||||8|
|Income gromt||||||
|Course and residential fees||19&917||19)917|16,256|
|Shop sales<br>Grants||221<br>15,000||221<br>15,000|42<br>25&OOO|
|Donations||2,631||2)63'1|2,386|
|Grant fmm Presbyterian<br>Church ofWales<br>Bank interest||44)347||44&347<br>148|85,976<br>36o|
|Other||24&470||24)470|21,969|
|Total||106&734||106'734|151,989|
|Expenditure<br>on:||||||
|Courses<br>Shop costs||157)255<br>88||157&255<br>88|195)211<br>5|
|||7)343||157)343|195,346|
|Net (expenditure)||(so,6o9)||(so,6o9)|(43,3S7)|
|Other recognised gains and losses<br>Unrealised<br>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<br>Owed tothe Presbyterian<br>Church ofWales<br>Sundry creditors and accruals|||167,667<br>3,018|167,653<br>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<br>CostSf|Other<br>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<br>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<br>Tangible assets||||
|---|---|---|---|
|||Funttture,||
||Property|Fitttttgs and||
||Improvements|FApnpment|Total<br>8|
|Cost||||
|At 1January 2021|814,938|317&467|2&405|
|Additions||||
|At31December aom.|814,938|317&467|1,132,405|
|Accumulated<br>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<br>gain forthe year|17,986||
|At 31December|241&243|223&257|





## 

## 


## 


## 



## 

##