2021-12-31-accounts - The Friends Of St Davids Cathedral

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			Page
Report ofthe Trustees		1	to	6
Report oftbe Independent Auditors		7	to	10
Statement ofFinancial	Activities
Balance Sheet			12
Notes to the Financial	Statements	13	to	20
Detailed Statement of	Financial Activities	2!	to	22

All members	ofthe executive	committee act as Trustees ofthe charity
Bankers		Lloyds Bank pic
		St Davids
		Haverfordwest
		Pembrokeshire
Investment	advisors	Brewin Dolphin
		12 Smithfield Street
		London
		EC1A 9BD
Auditors		Ashmole &Co
		Chartered Certified Accountants	tk Registered	Auditors
		Williamston House
		7 Goat Street
		Haverfordwest
		Pembrokeshire

				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes			f	f
FIXEDASSETS
Tangible assets Investments	11	1,554,452		1,554,452	1,555,672
Investments Investment property	12 13	750,483 ~1570836		750,483 ~1570,836	1,345,312 909,001
		3,875,771		3,875,771	3,809,985
CURRENT ASSETS
Debtors Cash at bank	14	3,219 154,171	7 650	3,219 161,821	3,958 94910
		157,390	7,650	165040	98,868
CREDITORS
Amounts falling due within one year	15	(5,264)		(5,264)	(8,817)
NET CURRENT ASSETS		152 126	7 650	159776	90,051
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,027,897	7,650	4,035,547	3,900,036
NKT ASSETS		4 027 897	7650	4 035547	3 900036
FUNDS	16
Unrestricted funds Restricted funds				4,027,897 7650	3,892,386 7650
TOTAL FUNDS				~4 035547	3 900036

GRANTS PAYABLE - continued	GRANTS PAYABLE - continued	GRANTS PAYABLE - continued	GRANTS PAYABLE - continued
The total grants paid to institutions				during	the year was as follows:
						31.12.21	31.12.20
							f
Choral Scholar Donation						8,250	8,370
Chair Appeal	Donation						3,004
Festival Sponsorship							10,000
Contribution	to Cathedral	Staff Costs				22,000	22,000
Contribution	to Remedial	Repairs					26,118
Ty'r Pererin	Covid-19 Grant					(1,000)	11,000
Contribution	to Covid related		support				30,000
Contribution	to live streaming		equipment			~2479)	2479
						26 771	112971

			Governance
			costs
St	Davids	Cathedral	~3600

		31stDecember	31stDecember
		2021	2020
Auditors	Remuneration	1,620	960
Other Service - Accounts preparation		3 9833	3 680
		36X	2660

				31st December	31stDecember	31stDecember
				2021	2020
	Gain/(loss) on disposal oflisted investments Revaluation oflisted investments			13,787 36 322	72	150 947
				70709	73097
11.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and	Computer
		property f	fittings	equipment	Totals
	COST
	At 1 January 2021 and 31 December 2021	I 549979	8 254	9659	1 567	892
	DEPRECIATION
	At 1 January 2021		8,254	3,966	12,220
	Charge for year			1 220	1	220
	At 31 December 2021		8 254	5 186	13	440
	NET BOOK VALUE
	At 31 December 2021	1 549979	-	4 473	1 554	452
	At 31 December 2020	~1549979	-	5 693	1 555	672

		for the Year Ended 31December 202	for the Year Ended 31December 202	1
14.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.12.21	31.12.20
	Trade debtors				3219	3 958
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.12.21	31.12.20
	Other creditors				5 264	8 817
16.	MOVEMENT IN FUNDS
					Net
					movement	At
			At	1.1.21	in funds	31.12.21
	Unrestricted	funds
	General fund		3,892,386		135,511	4,027,897
	Restricted funds
	Legacy - GC	Shaw		7,650		7,650
	TOTAL FUNDS		~3900036		135511	~4035 547

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		145,779	(80,377)	70,109	135,511
TOTAL FUNDS		145779	~80 377)	~70 109	135511

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					f,
Unrestricted	funds
General fund		90,579	(147,735)	73,097	15,941
Restricted funds
Chairs Appeal Legacy - GC	Shaw	~7650	(3,004)		(3,004) 7650
		~7 650	~3 004)		4 646
TOTAL FUNDS		98229	~150739)	73 097	20 587

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds f
Unrestricted	funds
General fund		236,358	(228,112)	143,206	151,452
Restricted funds
Chairs Appeal			(3,004)		(3,004)
Legacy - GC	Shaw	7 650			7650
		~7650	~3004)		4 646
TOTAL FUNDS		241008	~231 116)	143206	156098

			Friends ofSt Davids Cathed	ral
			Detailed Statement ofFinancial	Activities
			for the Year Eaded 31 December 2021
					31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations and legacies
Gifts and donations					8,711	9,867
Gift aid					3,219	3,958
Legacies					70,933	7,650
Government grants					10,000	11,000
Subscriptions					15093	~16 550
					107,956	49,025
Investment income
Rents received					25,750	28,600
Other fixed asset inv	income				11,917	20,510
Deposit account interest					156	94
					37 823	~49 204
Total incoming resources					145,779	98,229
EXPENDITURE
Investment management		costs
Portfolio management					4,984	7,367
Property repairs					32,692	2,741
Maintenance charges					869
					38,545	10,108
Charitable activities
Licenses and insurance					2,753	2,650
Printing, postage &stationery					3,355	7,629
Professional Fees						1,024
Sundries					184	239
Property repairs					1,284	9,519
Assistant treasurer honorarium					2,665	2,665
Cost ofFriends Dinner ITea						74
Computer equipment	depreciation				1,220	1,220
Grants to institutions					26 771	112971
					38,232	137,991
Support costs
Governnuce costs
Auditors' remuneration					1,620	960
Carried forvvard					1,620	960

						Friends ofSt Davids Cathed	ral
						Detailed Statement ofFinancial	Activities
						for the Year Ended 31 December 2021
								31.12.21	31.12.20
Governance	costs
Brought forward								1,620	960
Accounting	fees							1 980	1 680
								3 600	2 640
Total resources expended								80 377	150739
Net income/(expenditure)				before gains		and
losses								65,402	(52,510)
Realised recognised		gains		and losses
Realised and	unrealised		gains/(losses)		on fixed asset investments			~70 109	73 097
Net income								135511	20 587