|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|9|
|Statement ofFinancial Activities||10||
|Dalance Sheet||||
|Notes to the Financial Statements|12|to|19|
|Detailed Statement ofFinancial Activities|20|to|21|
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|Principal address|Principal address|The Deanery||
|---|---|---|---|
|||St Davids||
|||Haverfordwest||
|||Pembrokeshire||
|Officers||||
|President||The Right Reverend|Joanna Penberthy|
|Vice - President||Dr George Middleton|MBE - until his death on 3 September 2022|
|Honorary|Treasurer|Miss C Marks||
|||c/o The Deanery||
|||StDavids||
|||Haverfordwest||
|||Pembrokesh
ire||
|Honorary|Secretary|Mr TJLlewelyn||
|||c/o The Deanery||
|||StDavids||
|||Haverfordwest||
|||Pembrokeshire||
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|||The Very Reverend Dr Sarah C.|Rowland Jones|Rowland Jones|
|---|---|---|---|---|
|Council||The Venerable D.P.Davies|||
|||Canon J.P.Lewis|||
|||The Venerable P.R.Meekness|||
|||Canon L.L.Richardson|||
|||Canon M.H. Rowlands|||
|||Canon M Osborne|||
|Elected|Members|Mr A.B.C.Davies LL.B.|||
|||Mr P.L.Evans Esq. (stood down|23 November|2022)|
|||Mrs J.D.E.Kitchell|||
|||Mr W.A,G,Black|||
|||Mr J.R,T.Hayward|||
|||His Honour Judge D.W.Morgan|||
|||Dr S.Ashtiany
(elected 23 November 2022)|||
|All members|ofthe executive|committee act as Trustees ofthe charity|||
|Bankers||Lloyds Bank pic|||
|||StDavids|||
|||Haverfordwest|||
|||Pembrokeshire|||
|Investment|advisors|Brewin Dolphin|||
|||12Smithfield
Street|||
|||London|||
|||EC1A9BD|||
|Auditors||Ashmole
dk Co|||
|||Chartered
Certified Accountants|dk Registered|Auditors|
|||Williamston
House|||
|||7Goat Street|||
|||Haverfordwest|||
|||Pembrokeshire|||
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||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies|||29,076|2,000|31,076|107,956|
|Investment
income||3|35521|||37823|
|Total||||||145 779|
|EXPENDITURE ON|||||||
|Raising funds||4|28,111||28,111|38,545|
|Charitable
activities||5|||||
|St Davids Cathedral|||137.192|2000|139192|41 832|
|Total|||~165 03|2000|167303|80 377|
|Net gains/(losses)
on investinents|||~94557)||~94557||
|NET INCOME/(EXPENDITURE)|||(195,263)||(195,263)|135,511|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought
forward|||4 027 897|7 650|4 035 547|3900 036|
|TOTAL FUNDS CARRIED FORWARD|||3,832,634|7,650|3,840,284|4,035,547|
##
||31D|ecember 2022||||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||f,||
|FIXEDASSETS||||||
|Tangible assets|11|1,553,232||1,553,232|1,554,452|
|Investments||||||
|Investments|12|196,569||196,569|750,483|
|Investment
property|13|2 084946||2084946|1 570836|
|||3,834,747||3,834,747|3,875,771|
|CURRENT ASSETS||||||
|Debtors|14|3,343||3,343|3,219|
|Cash at bank||3 844|7650|11.494|161 821|
|||7,187|7,650|14,837|165,040|
|CREDITORS||||||
|Amounts
falling due within one year|15|~9300||{9300)|~5264)|
|NKT CURRENT ASSETS||||55 7|159.776|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES|||7 650|3 840 284|4 035547|
|NKT ASSETS||~32
4|~7650|~~4||
|FUNDS|16|||||
|Unrestricted
funds||||3,832,634|4,027,897|
|Restricted funds||||7 650|7650|
|TOTAL FUNDS|||||4 035 547|
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|2.|DONATIONS
AND LEG|DONATIONS
AND LEG|ACIES|ACIES|ACIES||||||
|---|---|---|---|---|---|---|---|---|---|---|
||During the year the charity||received|||one legacy of82000(2021:4||legacies of670933).The charity received no|||
||government|grants (2021:610,000||||was received to assist in dealing||with the impact ofthe Covid 19pandemic).|||
||INVESTMENT INCOME||||||||||
||||||||||31.12.22|31.12.21|
|||||||||||f,|
||Rents received||||||||23,950|25,750|
||Other fixed|asset inv income|||||||11,319|11,917|
||Deposit account interest||||||||252|156|
||||||||||35 521|37,823|
|4.|RAISING|FUNDS|||||||||
||Investment|management|costs||||||||
||||||||||31.12.22|31.12.21|
||||||||||I||
||Portfolio management||||||||3,810|4,984|
||Property
repairs||||||||21,532|32,692|
||Maintenance|charges|||||||2769|869|
||||||||||28 111|38,545|
|5.|CHARITABLE ACTIVITIES||||COSTS||||||
|||||||||Grant|||
|||||||||funding of|||
|||||||||activities|Support||
||||||||Direct|(see note|costs (see||
||||||||Costs|6)|note 7)|Totals|
||StDavids Cathedral||||||~42||~4|139,192|
|6.|GRANTS PAYABLE||||||||||
||||||||||31.12.22|31.12.21|
||StDavids Cathedral||||||||100800|26771|
||The total grants paid to institutions|||||during the|year was as follows:||31.12.22|31.12.21|
||Choral Scholar Donation||||||||8,400|8,250|
||Contribution|to Cathedral|Staff||Costs||||22,400|22,000|
||Ty'r Pererin|Covid-19 Grant||||||||(1,000)|
||Contribution|to live streaming||equipment||||||(2,479)|
||Contribution|to fit out Cathedral|||House||||70 000||
||||||||||100800|26,771|
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|AUDITORS REMUNERATION||||||||
|---|---|---|---|---|---|---|---|
||||||31st|31st||
||||||December|December||
||||||2022|2021||
|Auditors
Remuneration
Other Service - Accounts preparation|||||1,680
2160
~4||1,620
1900
3 6110|
|ANALYSIS OF NET GAINS/(LOSSES) ON INVESTMENTS||||||||
||||||31st|31st||
||||||Deceinber|December||
||||||2022|2021||
|(Loss)/gain
on disposal oflisted investments
Revaluation
oflisted investments|||||f,
(65,403)
~95||13,787
56322|
||||||~94 5573||70109|
|TANGIBLE FIXEDASSETS||||||||
|||||Fixtures||||
|||Freehold||and|Computer|||
|||properly||fittings|equipment||Totals|
|||||6||||
|COST||||||||
|At 1 January 2022 and 31December 2022|1.549||979|8 254|~65|1|567 892|
|DEPRECIATION||||||||
|At 1 January 2022||||8,254|5,186||13,440|
|Charge for year|||||1,220||1 220|
|At 31December 2022||||~854|6406||14660|
|NET BOOK VALUE||||||||
|At 31December 2022|1|4|7||3253|1|553 232|
|At 31 December 2021|1|549|979||~4473|1|54 452|
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|FIXEDASSETINVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALIJE||
|At 1 January 2022|750,483|
|Additions|37,473|
|Disposals|(562,233)|
|Revaluations|~29 154)|
|At 31December 2022|196569|
|NET BOOK VALI)K||
|At 31 December 2022|196569|
|At 31December 2021|750483|
||||||Listed|
|---|---|---|---|---|---|
||||||investments|
|Valuation|in 2022||||22,525|
|Cost|||||174044|
||||||196569|
|Iffixed asset investments||had not been revalued|they would have been included|at the following|historical cost|
|||||31.12.22|31.12.21|
|||||f||
|Cost||||174044|569017|
##
|INVESTMENT PROPERTY||
|---|---|
|FAIR VALUE||
|At I January 2022|1,570,836|
|Additions|514110|
|At 31December 2022|2.084 46|
|NET BOOKVALUE||
|At 31 December 2022|2084
46|
|At 31 December 2021|I 570 836|
##
|||||||||
|---|---|---|---|---|---|---|---|
|14.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||31.12.22|31.12.21|
||Trade debtors|||||3343|3219|
|15.|CREDITORS:||AMOUNTS II'ALLING DIJEWITHIN ONE YEAR|||||
|||||||31.12.22|31.12.21|
||||||||I|
||Other creditors|||||9300|~5264|
|16.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
|||||At|1.1.22|in funds|31.12.22|
|||||||f||
||Unrestricted|funds||||||
||General
fund|||4,027,897||(195,263)|3,832,634|
||Restricted funds|||||||
||Legacy - GC Shaw||||7,650||7,650|
||TOTAL FUNDS|||4035 547||(195,263)|3,840,284|
##
##
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||f.|f||f|
|Unrestricted|funds||||||
|General fund|||64,597|(165,303)|(94,557)|(195,263)|
|Restricted
funds|||||||
|Legacy - GC|Rokkan||2,000|(2,000)|||
|TOTALFUNDS|||66.597|(167,303)|(94,557)|(195,263)|
|Comparatives|for movement|in funds|||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|||||f|f.||
|Unrestricted|funds||||||
|General
fund||||3,892,386|135,511|4,027,897|
|Restricted funds|||||||
|Legacy - GC|Shaw|||7650||7 650|
|TOTAL FUNDS||||3
03||~45 547|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||f.||f.|f,|
|Unrestricted||funds|||||
|General|fund||145,779|(80,377)|70,109|135,511|
|TOTAL|FUNDS||145779|80 377|70 109|135511|
##
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.22|
||||f||
|Unrestricted|funds||||
|General
fund||3,892,386|(59,752)|3,832,634|
|Restricted funds|||||
|Legacy - GC|Shaw|7,650||7,65C|
|TOTAL FUNDS||3 900.036|~59752)|3 840 284|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources
f|expended|losses|in funds
f|
|Unrestricted|funds|||||
|General
fund||210,376|(245,680)|(24,448)|(59,752)|
|Restricted funds||||||
|Legacy - GC|Rokkan|2,000|(2,000)|||
|TOTAL FUNDS||212 376|(247,680)|(24,448)|(59,752)|
##
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|||for the Year Ended 31|December 2022||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||f|I|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Gifts and donations|||9,955|8,711|
|Gift aid|||3,343|3,219|
|Legacies|||2,000|70,933|
|Government
grants||||10,000|
|Subscriptions|||15 778|15093|
||||31,076|107,956|
|Investment
income|||||
|Rents received|||23,950|25,750|
|Other fixed asset inv|income||11,319|11,917|
|Deposit account interest|||252|156|
||||35 521|37823|
|Total incoming
resources|||66,597|145,779|
|EXPENDITURE|||||
|Investment
management||costs|||
|Portfolio management|||3,810|4,984|
|Property
repairs|||21,532|32,692|
|Maintenance
charges|||2 769|869|
||||28,111|38,545|
|Charitable
activities|||||
|Licenses and insurance|||3,032|2,753|
|Printing,
postage &stationery|||8,090|3,355|
|Professional
Fees|||1,618||
|Sundries|||247|184|
|Property
repairs|||6,625|1,284|
|Assistant
treasurer
honorarium|||3,098|2,665|
|Friends 90th Anniversary||Event|5,212||
|Friends 90th Anniversary||book|5,250||
|Computer
equipment|depreciation||1,220|1,220|
|Grants to institutions|||100800|26 771|
||||135,192|38,232|
|Support costs|||||
|Governance
costs|||||
|Auditors'
remuneration|||1,680|1,620|
|Sundries|||160||
|Accounting
fees|||2 160|1 980|
||||4,000|3,600|
|||for the Year Ended 31December 20|22||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||f.||
|Total resources
expended|||167303|60 377|
|Net (expenditure)/income|before gains and||||
|losses|||(100,706)|65,402|
|Realised recognised
gains|and losses||||
|Realised and unrealised
gains/(losses)||on fixed asset investments|~94 557)|70 109|
|Net (expenditure)/income|||(195263)|135,511|