||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|6|
|Report oftbe Independent<br>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|





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



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|||for t|he Year En|ded 31 December|2821|||
|---|---|---|---|---|---|---|---|
|||||||31.12,21|31.12.20|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|||f||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|107,956||107,956|49,025|
|Investment<br>income|||3|37 823||37823|49204|
|Total||||145,779||145,779|98,229|
|EXPENDITURE ON||||||||
|Raising funds||||38,545||38,545|10,108|
|Charitable<br>activities||||||||
|St Davids Cathedral||||41,832||41,832|140,631|
|Total||||80,377||80,377|150,739|
|Net gains on investments||||70,109||70 109|73 097|
|NET INCOME||||135,511||135,511|20,587|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||3,892,386|7,650|3,900,036|3,879,449|
|TOTAL FUNDS CARRIED FORWARD||||4 027 897|7650|4 035 547|3 900 036|





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|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||f|f|
|FIXEDASSETS||||||
|Tangible<br>assets<br>Investments|11|1,554,452||1,554,452|1,555,672|
|Investments<br>Investment<br>property|12<br>13|750,483<br>~1570836||750,483<br>~1570,836|1,345,312<br>909,001|
|||3,875,771||3,875,771|3,809,985|
|CURRENT ASSETS||||||
|Debtors<br>Cash at bank|14|3,219<br>154,171|7 650|3,219<br>161,821|3,958<br>94910|
|||157,390|7,650|165040|98,868|
|CREDITORS||||||
|Amounts<br>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<br>funds<br>Restricted<br>funds||||4,027,897<br>7650|3,892,386<br>7650|
|TOTAL FUNDS||||~4 035547|3 900036|






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|INVESTMENT INCOME|||
|---|---|---|
||31.12.21|31.12.20|
|||f|
|Rents received|25,750|28,600|
|Other fixed asset inv income|11,917|20,510|
|Deposit account interest|156|94|
||37 823|49204|



|4.|RAISING|FUNDS||||
|---|---|---|---|---|---|
||Investment|management|costs|||
|||||31.12.21|31.12.20|
|||||f||
||Ponfolio r ianagement|||4,984|7,367|
||Property<br>repairs|||32,692|2,741|
||Maintenance|charges||869||
|||||38545|~10 108|



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|||Grant|||
|---|---|---|---|---|
|||funding of|||
|||activities|Support||
||Direct|(see note|costs (see||
||Costs|6)|note 7)|Totals|
|St Davids Cathedral|11461|26 771|3 600|41 832|
|GRANTS PAYABLE|||||
||||31.12.21|31.12.20|
|||||6|
|St Davids Cathedral|||26 771|112971|





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|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|



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||||Governance|
|---|---|---|---|
||||costs|
|St|Davids|Cathedral|~3600|



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





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|||||31st December|31stDecember|31stDecember|
|---|---|---|---|---|---|---|
|||||2021|2020||
||Gain/(loss)<br>on disposal oflisted investments<br>Revaluation<br>oflisted investments|||13,787<br>36 322|72|150<br> 947|
|||||70709|73097||
|11.|TANGIBLE FIXEDASSETS||||||
||||Fixtures||||
|||Freehold|and|Computer|||
|||property<br>f|fittings|equipment|Totals||
||COST||||||
||At<br>1 January 2021 and 31 December 2021|I 549979|8 254|9659|1 567|892|
||DEPRECIATION||||||
||At<br>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|





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|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At<br>1 January 2021|1,345,312|
|Additions|125,041|
|Disposals|(776,192)|
|Revaluations|56322|
|At 31 December 2021|750 483|
|NET BOOK VALUE||
|At 31 December 2021|750483|
|At 31 December 2020|1 345 312|



||lf fixed asset investments|had not been revalued|they would|have|been|included|at a historical|cost off569,017|
|---|---|---|---|---|---|---|---|---|
||(2020:f1,190,279).||||||||
|13.|INVESTMENT PROPERTY||||||||
||FAIR VALUE||||||||
||At<br>1 January 2021|||||||909,001|
||Additions|||||||~661 835|
||At 31 December 2021|||||||~1570836|
||NET BOOK VALUE||||||||
||At 31 December 2021|||||||1 570 836|
||At 31 December 2020|||||||~909 001|





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|||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<br>fund||3,892,386||135,511|4,027,897|
||Restricted<br>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|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.20|in funds|31.12.20|
|Unrestrirted|funds||||
|General<br>fund||3,1176,445|15,941|3,892,386|
|Restricted<br>funds|||||
|Chairs Appeal<br>Legacy - GC|Shaw|3,004|(3,004)<br>~7650|7 650|
|||3 004|~4646|7 650|
|TOTAL FUNDS||3 879449|20 587|~3900036|



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



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.20|in funds|31.12.21|
|Unrestricted|fumis||||
|General<br>fund||3,876,445|151,452|4,027,897|
|Restricted<br>fuads|||||
|Chairs Appeal||3,004|(3,004)||
|Legacy - GC|Shaw||7 650|7650|
|||3 004|~4 646|7650|
|TOTAL FUNDS||~3879449|~156 098|4 035 547|





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



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||||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<br>and legacies|||||||
|Gifts and donations|||||8,711|9,867|
|Gift aid|||||3,219|3,958|
|Legacies|||||70,933|7,650|
|Government<br>grants|||||10,000|11,000|
|Subscriptions|||||15093|~16 550|
||||||107,956|49,025|
|Investment<br>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<br>resources|||||145,779|98,229|
|EXPENDITURE|||||||
|Investment<br>management||costs|||||
|Portfolio management|||||4,984|7,367|
|Property<br>repairs|||||32,692|2,741|
|Maintenance<br>charges|||||869||
||||||38,545|10,108|
|Charitable<br>activities|||||||
|Licenses and insurance|||||2,753|2,650|
|Printing,<br>postage &stationery|||||3,355|7,629|
|Professional<br>Fees||||||1,024|
|Sundries|||||184|239|
|Property<br>repairs|||||1,284|9,519|
|Assistant<br>treasurer<br>honorarium|||||2,665|2,665|
|Cost ofFriends Dinner ITea||||||74|
|Computer<br>equipment|depreciation||||1,220|1,220|
|Grants to institutions|||||26 771|112971|
||||||38,232|137,991|
|Support costs|||||||
|Governnuce<br>costs|||||||
|Auditors'<br>remuneration|||||1,620|960|
|Carried<br>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<br>and|unrealised||gains/(losses)||on fixed asset investments|||~70 109|73 097|
|Net income||||||||135511|20 587|