||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|6|
|Report ofthe Independent<br>Auditors||7|to|10|
|Statement ofFinancial Activities|||||
|Balance Sheet|||12||
|Notes to the Financial Statements||13|to|20|
|Detailed Statement ofFinancial|Activities|21|to|22|





## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



|Principal address|Principal address|The Deanery||||
|---|---|---|---|---|---|
|||St Davids||||
|||Haverfordwest||||
|||Pembrokeshire||||
|Officers||||||
|President||The Right Reverend||Joanna|Penberthy|
|Vice - President||Dr George Middleton||||
|Honorary|Treasurer|Miss C Marks||||
|||The Deanery||||
|||StDavids||||
|||Haverfordwest||||
|||Pembrokeshire||||
|Honoraty|Secretary|Mr TJ Llewellyn|( appointed||7th August 2020)|
|||c/o The Deanery||||
|||St Davids||||
|||Haverfordwest||||
|||Pembrokeshire||||





|Chair||The Very Reverend Dr|The Very Reverend Dr|Sarah Rowland Jones|Sarah Rowland Jones|Sarah Rowland Jones||
|---|---|---|---|---|---|---|---|
|Council||The Venerable D.P.Davies||||||
|||Canon P.W. Davies|(retired 25th July 2020)|||||
|||Canon J.Gainer||||||
|||Canon J.Lewis||||||
|||The Venerable P. Mackness||||||
|||Canon L.L.Richardson||||||
|||Canon M.H. Rowlands||(appointed<br>30th July 2020)||||
|Elected|Members|Arwel Davies Esq. LL.B.||||||
|||Mrs L.Marriott||||||
|||Paul L.Evans Esq.||||||
|||Mr J.Rose||||||
|||Mrs J.Kitchell||||||
|||Mr W.A.G.Black (appointed|||to vacancy,|12th September 2020)||
|All members|ofthe executive|committee act as Trustees ofthe||charity||||
|Bankers||Lloyds Bank pic||||||
|||StDavids||||||
|||Haverfordwest||||||
|||Pembrokeshire||||||
|Investment|advisors|Brewin Dolphin||||||
|||I2 Smithfield<br>Street||||||
|||London||||||
|||ECIA 9BD||||||
|Auditors||Ashmole &Co||||||
|||Chartered<br>Certified Accountants|||&Registered||Auditors|
|||Williamston<br>House||||||
|||7 Goat Street||||||
|||Haverfordwest||||||
|||Pembrokeshire||||||



## 



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 



## 

|||for the|Year End|ed 31December|2020|||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||41,375|7,650|49,025|33,005|
|Investment<br>income||||49,204||49,204|57,851|
|Other income|||||||689|
|Total||||90,579|7,650|98,229|91,545|
|EXPENDITURE ON||||||||
|Raising funds||||10,108||10,108|11,074|
|Charitable<br>activities||||||||
|St Davids Cathedral||||137,627|3,004|140,631|93,147|
|Total||||147,735|3,004|150,739|104,221|
|Net gains on investments||||73,097||73,097|165,695|
|NET INCOME||||15,941|4,646|20,587|153,019|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forivard|||3,876,445|3,004|3,879,449|3,726,430|
|TOTAL FUNDS CARRIED FORWARD||||3,892,386|7,650|3,900,036|3,879,449|





## 

## 

|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|11|1,555,672||1,555,672|1,556,892|
|Investments||||||
|Investments|12|1,345,312||1,345,312|1,282,874|
|Investment<br>property|13|909,001||909,001|909,001|
|||3,809,985||3,809,985|3,748,767|
|CURRENT ASSETS||||||
|Debtors|14|3,958||3,958|3,592|
|Cash at bank||87,260|7,650|94,910|130,916|
|||91,218|7,650|98,868|134,508|
|CREDITORS||||||
|Amounts<br>falling due within one year|15|(8,817)||(8,817)|(3,826)|
|NET CURRENT ASSETS||82,401|7,650|90,051|130,682|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||3,892,386|7,650|3,900,036|3,879,449|
|NET ASSETS||3,892,386|7,650|3,900,036|3,879,449|
|FUNDS|16|||||
|Unrestricted<br>funds||||3,892,386|3,876,445|
|Restricted funds||||7,650|3,004|
|TOTAL FUNDS||||3,900,036|3,879,449|





## 

## 

## 

## 

## 



## 

## 

## 

## 

|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|Rents received||||28,600|28,526|
|Other fixed||asset inv income||20,510|29,160|
|Deposit|account interest|||94|165|
|||||49,204|57,851|
|RAISING||FUNDS||||
|Investment||management|costs|||
|||||31.12.20|31.12.19|
|Portfolio|management|||7,367|9,386|
|Property|repairs|||2,741|1,688|
|||||10,108|11,074|



|5.|CHARITABLE ACTIVITIES COSTS|||||
|---|---|---|---|---|---|
||||Grant|||
||||funding of|||
||||activities|Support||
|||Direct|(see note|costs (see||
|||Costs<br>f|6)<br>f.|note 7)|Totals|
||StDavids Cathedral|25,020|112,971|2,640|140,631|
|6.|GRANTS PAYABLE|||||
|||||31.12.20|31.12.19|
||StDavids Cathedral|||112,971|76,114|





## 

## 

||f|f|or the|Year Ended 31December 2020|||
|---|---|---|---|---|---|---|
|GRANTS PAYABLE -|continued||||||
|The total grants paid to institutions|||during|the year was as follows:|||
||||||31.12.20|31.12.19|
|||||||f|
|Choral Scholar Donation|||||8,370|7,625|
|Chair Appeal Donation|||||3,004||
|Festival Sponsorship|||||10,000|3,000|
|Choir Donation||||||295|
|Contribution<br>to Cathedral|StaffCosts||||22,000|21,084|
|Contribution<br>to Flowers Expenditure||||||1,270|
|Contribution<br>to Vestments|and|Canon's Verge||||10,440|
|Contribution<br>to Remedial|Repairs||||26,118|22,000|
|Contribution<br>to Cathedral|Library|||||10,000|
|Contribution<br>to CD recording||||||400|
|Ty'r Pererin Covid-19 Grant|||||11,000||
|Contribution<br>to Covid related||support|||30,000||
|Contribution<br>to live streaming||equipment|||2,479||
||||||112,971|76,114|
|SUPPORT COSTS|||||||
|||||||Governance|
|||||||costs|
|StDavids Cathedral||||||2,640|



## 

## 

## 

## 




## 

## 

## 



## 

## 

|||Listed|
|---|---|---|
|||investments|
|MARKET VALUE|||
|At 1 January 2020||1,282,874|
|Additions||802,633|
|Disposals||(813,142)|
|Revaluations||72,947|
|At 31December 2020||1,345,312|
|NET BOOK VALUE|||
|At 31December 2020||1,345,312|
|At 31December 2019||1,282,874|
|There were no investment|assets outside the IJK.||



## 

|INVESTMENT PROPERTY||
|---|---|
|FAIR VALUE||
|At 1 January 2020||
|and 31December 2020|909,001|
|NET BOOK VALUE||
|At 31December 2020|909,001|
|At 31December 2019|909,001|





## 

## 

## 

|14.|DEBTORS:|A|MOUNTS FALL|ING DUE WITHIN ONE Y|EAR|||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
|||||||f.||
||Trade debtors|||||3,958|3,592|
|15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE||||YEAR|||
|||||||31.12.20|31.12.19|
|||||||f.||
||Other creditors|||||8,817|3,826|
|16.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
||||||At 1.1.20|in funds|31.12.20|
|||||||f,|f|
||Unrestricted|funds||||||
||General<br>fund||||3,876,445|15,941|3,892,386|
||Restricted<br>funds|||||||
||Chairs Appeal||||3,004|(3,004)||
||Legacy - GC|Shaw||||7,650|7,650|
||||||3,004|4,646|7,650|
||TOTALFUNDS||||3,879,449|20,587|3,900,036|
||Net movement||in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
||Unrestricted|funds||||||
||General<br>fund|||90,579|(147,735)|73,097|15,941|
||Restricted funds|||||||
||Chairs Appeal||||(3,004)||(3,004)|
||Legacy - GC Shaw|||7,650|||7,650|
|||||7,650|(3,004)||4,646|
||TOTALFUNDS|||98,229|(150,739)|73,097|20,587|





## 

## 

||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.19|in funds|31.12.19|
|Unrestricted|funds||||
|General<br>fund||3,723,426|153,019|3,876,445|
|Restricted<br>funds|||||
|Chairs Appeal||3,004||3,004|
|TOTALFUNDS||3,726,430|153,019|3,879,449|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||g||||
|Unrestricted||funds|||||
|General|fund||91,545|(104,221)|165,695|153,019|
|TOTAL|FUNDS||91,545|(104,221)|165,695|153,019|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.19|in funds|31.12.20|
|Unrestricted||funds||||
|General|fund||3,723,426|168,960|3,892,386|
|Restricted funds||||||
|Chairs|Appeal||3,004|(3,004)||
|Legacy|- GC|Shaw||7,650|7,650|
||||3,004|4,646|7,650|
|TOTALFUNDS|||3,726,430|173,606|3,900,036|





## 

## 

||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended<br>8|losses|in funds<br>I|
|Unrestricted||funds|||||
|General|fund||182,124|(251,956)|238,792|168,960|
|Restricted funds|||||||
|Chairs|Appeal|||(3,004)||(3,004)|
|Legacy|- GC|Shaw|7,650|||7,650|
||||7,650|(3,004)||4,646|
|TOTALFUNDS|||189,774|(254,960)|238,792|173,606|



## 

## 

## 

## 



## 

||||Friends ofSt Davids Cathedral|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activities|||
||||for the Year Ended 31December 2020|||
|||||31.12.20|31.12.19|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Gills and donations||||9,867|9,169|
|Gilt aid||||3,958|3,592|
|Legacies||||7,650|4,492|
|Government<br>grants||||11,000||
|Subscriptions||||16,550|15,752|
|||||49,025|33,005|
|Investment<br>income||||||
|Rents received||||28,600|28,526|
|Other fixed asset inv income||||20,510|29,160|
|Deposit account interest||||94|165|
|||||49,204|57,851|
|Other income||||||
|Friends Dinner<br>/ Tea|||||689|
|Total incoming<br>resources||||98,229|91,545|
|EXPENDITIIRE||||||
|Investment<br>management||costs||||
|Portfolio management||||7,367|9,386|
|Property<br>repairs||||2,741|1,688|
|||||10,108|11,074|
|Charitable<br>activities||||||
|Licenses and insurance||||2,650|2,575|
|Printing,<br>postage &stationery||||7,629|4,172|
|Professional<br>Fees||||1,024||
|Sundries||||239|858|
|Property<br>repairs||||9,519|433|
|Secretary honorarium|||||1,117|
|Assistant<br>treasurer<br>honorarium||||2,665|2,582|
|Cost ofFriends Dinner|/ Tea|||74|1,332|
|Computer<br>equipment||||1,220|1,264|
|Grants to institutions||||112,971|76,114|
|||||137,991|90,447|





||Detailed Statement ofFinancial Activities|||
|---|---|---|---|
||for the Year Ended 31December 2020|||
|||31,1220|31.12.19|
|Support costs||||
|Governance<br>costs||||
|Auditors'<br>remuneration||960|960|
|Accounting<br>fees||1,680|1,740|
|||2,640|2,700|
|Total resources expended||150,739|104,221|
|Net expenditure<br>before gains and losses||(52,510)|(12,676)|
|Realised recognised|gains and losses|||
|Realised gains/(losses)|on fixed asset investments|73,097|165,695|
|Net income||20,587|153,019|