TAFF WENALLT MINISTRY AREA
FINANCIAL STATEhTENTS
YEAR ENDED 31 DECEMBER 2023
ROBERT HUGH LIMITED
cItARTERED ACCOUNTANTS
CARDIFF

TAFF WENALLT MINISTRY AFEk
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pa
Report and .qtr.￿trPrnF￿nt of the Trustees,
Responsibilities
io
Independent Examiner, s Report
li
Statement of Financial Activities
12
13
Balance Sheet
14
15
Notes to the Financial Statements
16
29

TAFF WENALLT MINISTRY AREA
REPORT AFID STATE￿￿1 OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2023
The financial statetnents have been prepared in accordance with the
accounting policies set out in note I to the accounts and comply with
the charity, s
trust deed,
the Charities Act 2011,
Accounting and
Rcporting by CharitlV5.' St&LeElltiit of Recommended Practice ISQRPI and the
Church in Wales Accounting Regulations.
REFERENCE AND ADMINISTBATIVE DETAILS
Ragistered Charity Number
1130040
Registered Charity Address
The Rectory
6 Penlline Road
Whitchurch
Cardif f CF14 2AD
Trusteas and MeTDbers of the ￿nIstrY Araa Council
The Hinistry Area Council (MACI is the body containing the trustees of
the Ministry Area IMA)
With the exception OE the Clergyp the MAC rnenbers serve for l year,
from the Annual Vestry AGM which 18 held before the end of April each
year.
The MAC membership for 2023 is shown below:
Lay Chair
Jayne Lewis
Seeretary
Jane Gill
nistry Araa Treasurer
John Hall
Clergy
The Rev'd John Davis
The Rev, d Peter Mortimer
The Rev, d Anna Harwood
The Rec'd Andrew Highway
The Rev, d Benedict Yates
Geof f rey Foot
Ministry Area Leader
Team Vicar
Team Vicar
NSM vicar
Assistant Curate
Lay Reader
Church Warden appointed by incumbent
Alun Jones
Ministry 21rea Leader, s Warden, also St Mary, s Church
Treasurer
nistry Area Church Watden elected
Kath Lawley
Ministry Area People, s Warden
Elacted Church Répresontatives
Jayne Lewis
All Saints, Llandaff Nnrth. also Lay Chair
Rosamund Evans All Saints, Rhiwbina
Heather Jones
Eddie Boyle
St. Mary, s, also Property Liaison Officer
St. Thomas,

TAFF TrIENALLT MINISTRY ABIA
B£PORT AND STATEtsIENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Safeguar￿ng O££iceT
Cathryn Barr
Lay Da¥toral ViaiÈor25 Leader
Kath Lawleyi also Chllrch Warden elected
Seconded Mall￿ers
David Gill
Treasurer, St Thornas, Church
Simon Magee
John Ham
Treasiarer, All Saints, Church, Llandaff North
Tr@asurer. All Saints, Church, Rhiwbina
Independent Examiner
Robert Hugh, Bsc.
FCA
L5 Dan y Bryn Avenue
Radyr
Cardif f CF15 8DD
STRUCTUBE, GOVERNANCE AND MANAGEbIWI
The Taff Wenallt ￿nIStry Area Ifozmar Rectorial Benefice of Whitehurch)
Governing Document and Organisational Structure
The Church in Wales is a Province within the Anglican Communion and
seeks to advance the Christian religion through worldwide mission.
The Taff Wenallt Ministry Area is part of the Diocese of Llandaff and
includes f our churches:
St Mary's in Whitchurch, St Thomas,
Birohgrove, All Saints, in Rhiwbina, and All Saints, in Llandaff
North.
Induction and Training of New Trustees
There is no formal induction training, trustees are already members of
the church and so are aware of the goals and airns of the church.
Their
roles and responsibilities are collwAunicated verbally and through the use
of leaflets from the Charity Commission.
OBJECTIVES AND ACTIVITIES
Objactives and Aims
The Ministry Area Council IELZICI is the body containing the trustees of
the Ministry Area.
It is the responsibility of the tQJAC and the incumbent to work together
and cooperate in all matters of concern and importance to the Ministry
Area for the prornotion of the mission of the Church, pastoral,
evangelistic, social and ecurnenical in the Ministry Area.
s required by the Charities Act 2011, the MAC has given due regard to
guidance published by the Charity Commission in respect of the
operation of the public benefit requirement.
The activities
undertaken to fulfil the PCC'S purposes for the public benefit are
described and detailed hereunder.

TAFF TrIENALLT MINISTRY ABEA
BEPORT AND STATEMENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Charitable Activities and Main Achievements
Main Activities
The Taff W•nallt Ministty Area
The main activities of the E4inistry Area during the year have been to
tell the joyful story of Jesus and spread the Gospel to the people of
Whitchurch, Rhiwbina, Birchgrove, and Llandaf f North.
We continue to provide pastoral support and prayer for our
corcbmunities, visit the sick, and continued to provide worshipi
weddings, baptisms, and funerals for those who live in our areas.
We have actively engaged with young people by visiting local schools
and setting up youth groups that meets weeklyi and by holding regular
Messy Church services.
Whilst Services continued in the individual churches, there were
several occasions when the whole congregation of the Ministry Area
came together to celebrate in one church, and such Services were held
in each church during the year.
The Ministry Area continued to use online streaming of Services, to
reach as many people as possible in order to continue its mission. Our
online services have been viewed around the world, and we regularly
engage with more than 1000 people a week via social media.
The Lay Px.qtoral Visiting tearn continued their highly valueLI IiuLiie
visits, delivering the sacraments, of fering prayers and offering a
chance to talk.
vibrant Mother, s Union . IMUI continues.
Charitable activity continued
incorne raised fnr Tnany local, national
and international charities, including Christian Aid
and refugee
projects. Particular effort was put into raising funds to support the
people of Ukraine, and the people affected by the earthquake in Turkey
and Syria.
Food and household items and clothing were collected weekly to support
food banks, hotlleless and disadvantaged people.
A newsletter was published online regularly and distributed, by a
small teaEn, to as many people as possible via hard copy and email.
The Ministry Area has sought to support the coThrnunity by joining with
community actLVlties, such as hosting a stall at the annual sunYTher
fair and by holding cOll￿nUnal carol singing.
Our mission is to be a light in the darkness, offering hope, love and
practical care in Jesug, name.
Up to date information about Taff Trlenallt. Minigtry Area and itl
constituent churches can be found in the Edlinistry Area website:
htt
//twma. church/

TAFF WENALLT MINISTRY ARE
BEPORT AND STATEMENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Charitable Activities and Main Achièvements
Main Activities
All 8axrAÈa, 11]]iwbzna
The past year saw the Church fully back into its stride after the
pandemic, with most of the previous activities going ahead strongly
and sorne new developments.
Overall nurnbers attending services on a reqular basis remained around
30-40% lower than before the pande￿ic. However, Wednesday morning
attendance figures and Messy Church figures returned to pre- pandemic
leve13, indicating a change in Church attendance patterns. Messy
Church has become rAonthly church attendance for a number of families.
On the other hand, increased nurrbers were recorded at the Christmas
services
particularly the Fqine Lessons and Christingle Services.
As in previous years, many people offered their services for the
Church Committee and fifteen people were elected to the Church
Cor(mittee, reflecting the strength of conunitment within the
congregation.
The Church Choir continued to support worship with a continually
renewed repertoire of rftusic, including the prayer for Ukraine. Its
embers provided the Choir Director and the large majority of the
singers in the continuing Ministry Area Evensong services.
The Sunday Club has been running well, with many children taking part
and a renewed team of teachers and helpers. Messy Church has continued
to welcome large numbers of people, with fifty people attending at
Christmas.
It has continued on the rnonthly basis introduced last year.
The Lhurch continued to work towards the A Rocha Silver Eco Church
Award and to develop its Cornmunity Garden Project. The gardens around
the Church were well-maintained by a small group of volunteers in
cooperation with the Rhiwbina Eco Team. Regular treatment continued to
keep the localised infestation of Japanese Knotweed under control. The
lawns outside the Church were given some free pampering by Green Thumb
lawn management services.
A nwnber of events were held both to raise rnoney for the Church and to
reach out to the Community. These included an Outdoor Sale, a Fashion
Show lin collaboration with Calonl
a Craft Fair,
Christmas Cof f ee
Morning and a very enjoyable and well-supported joint concert with the
Tenovus Choir.
Once again, the Church was opened as a Warm Welcome Space frorn
November.
The Church also continued to help outside the local corDJnunityi through
gifts of food for Cardiff Foodbank, Rainbow of Hope, and Ty Bronna.

TAFF WENALLT MINISTRY
REPORT AND STATEM&NT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Charitable Activities and Main Achievements
Main Activities
All Sainta, RhxwbirAa (cont, dl
Money was raised through the long-standing Clean Water Fund to provide
most of the revenue needed for a latrine block for Bishop Ochiel
Nyagidha Girls Secondary School, Kenya.
tqhile fund-raising was part of most Church activities, a very haDPY
social event for the Church family was organised in Whitchurch Golf
Club in January
reestablishing a pre-COVID tradition.
The Church, s ecumenical partnership continued in 2023, worshipping and
serving the conuThunity alongside Beulah URC and Bethany Baptist in many
events and initiatives, including the Week of Prayer for Christian
Unityi Christian Aid issues, March of Witness, meeting with our local
MP, etc.
Over the year, a considerable effort was put into coping with the
E4yFundAccounting system, especially froEn our new land now departing)
Treasurer John Ham, whose expert and dedicated involvement was much
appreciated. This has now resulted in a new system for recording
income, though the process of counting and banking it is unchanged.
Another area of work was in Health and Safety and Fire Risk, Initiated
in preparation for a forthco￿1]]￿ AL"ea Dean, s Inspection. A new Health
and Safety Policy was drawn up on the basis of an up-to-date template
provided by Ecclesiastical Insurance. A significant amount of work was
needed to meet current fire safety standards in the Hall, and a
smaller amount in the Church itself. Regularly-required tests were
carried out.
Old files were sorted out and new files set UP WLth copies of relevant
documents, including certif icates.
Finallyi plans were set in motion to respond to the recollmendations of
the recent Quinquennial review of the Church building.
st Mary, s
St Mary, s was part of the Churches Unlocked festival in June 2023.
'messy churchyard, event was held, including a bug hunt and a teddy
bear, s picnic. Tower tours were organised during one afternoon.
community partnership has been established between St Mary, s and the
Additional Learning Needs Unit at Whitchurch High School. They have
held a craft fair in the church hall, as well as an exhibition of
photographs. Further events are planned.
In July 2023, it was one hundred year.q .*inc6a the dedication of the War
Memorial outside Whitchurch Library. A re-dedication service was held
to rnark the anniversaryi using rnuch of the original liturgy.

TAFF WENALLT MINISTRY ABXA
REPORT AND STATEMENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Charitabla AetLVlties and Main Aehievements
Main Activities (continued)
St Mary, s (contl d)
The weekly youth group continues to go from strength to strength.
st Thomas,
A review of the Church's finances at the end of 2023 may be best
summarised as one of a holding position despite the significant
increase in our sharp. of the quota compared with the previou5 year.
However, whilst the fiscal position has been tight, balances are
healthy at this tirlle, and the decision to transfer funds from the
current account to the COIF account has been instrumental in helping
keep the overall cash balance in the black at the year end.
Despite the challenge mentioned, we were still able to undertake
repairs including the replacement fire exit door to the link corridor
and other minor repairs to electrical appliances.
St Thomas Church cornmunity held several social events during the year
Including hosting the Agape shared meal for the Ministry Area and
introduced by the Reverend Anna Harwood. We also held a most enjoyable
IOQ year birthday party in the church hall for our much loved and
respected Dorothy Jones. An engraved silver Lavabo bowl and jug were
purchased to commemorate this milestone birthday. The Church also
hosted a successful Christmas concert presented by Accordia Choir to a
capacity audience raising in excess of five hundred pound for the
Rainbow of Hnpp. f.harity in Splott.
The Church has raised funds for various disaster appeals around the
world. collected for Christian Aid week and also some two hundred and
fourteen shoe boxes for the Christmas Child appeal.
As part of the National campaiqn to address the coqt. nf living crisis
by providing warTh spaces, the church hall was opened to the local
coJtbrnunity on Tuesday tllornings serving refreshments and providing a
book exchange.
Grateful thanks are exte.nded to St Thomas Church Cortllnittee for their
outstanding team working throughout the year and to the congregation
for their unstinting support and generous contributions.
the Clergy for their ministry and Rhys, our organist.
Thanks to all
Last but not least, the congregation of St Thomas has begun to grow in
number with several new mernbers joining us during the year.

TAFF WENALLT MINISTRY ABEA
REPORT AND STATEMENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
Charitable Activities and Main Achievements
Main Activities (continued)
All Saine8' Llandaff North
This year at All Sa'.nts Llandaff North we have continued with regular
Sunday worship and the mid-week Wednesday communion service continues
to meet.
Sunday school is going well with a creative and energetic
COllLmitted group of children. As a Church we continue to take part in
regular Messy Churches in partnership with Copleston Road Methodist
Church. Collectiui"Ib of food are regularly given to those in need at
the foodbank. A number of fanilies have been welcoTned for baptisms.
Some families from our local cottllllunity enjoyed some sumer activities
in the Church.
We have said a fond farewell to little footsteps
playgroup this year but look forward to exploring new uses for our
Church hall.
e had some successful fundraising efforts this year with a table top
sale and well supported joyful concert in the Church.
Some of our
local Schools have visited the Church and we welcomed them for Carols
at Christmas alongside our local cadet group.
We do face some challenges going forward especially around the boiler
but this
congregation
continues
f aithf ul and caring congregation.
to be
cortllnitted,
hardworkingp
Public Benef it
The benefit to the public is a feeling of spiritual stability and
freedorn within the Ministry Area for the benefit of all God, s people
Thi3 is exertyisèd LFIEough the provision of regular public worship and
pastoral work, including visiting the sick and bereaved; the teaching
of Christianity through sernons and small groups, and the taking of
Assemblies in local schools," the promotion of Christianity through
staging special services.
Each church has a hall whare activitie3 take place fuL uloler people,
uniformed organisations for young people, and other groups for people
of all ages.
The churches are welcoming spaces and we offer free, fast broadband
connections in two of our churches.

TAFF T4ENALLT MINISTRY APEA
BEPORT AND sTATEm￿T OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
state e£ A££air8
The results for the year are set out in the statetnents of financial
activities on pages 12 and 13.
12022: surplus £6351
The surplus for the year was £3,093
The financial position at the end of the year is set out in the balance
sheets on pA¢Jp.q 14 and 15.
The net aEset-
12022: £992, 8201
at the year end were £99Ji 913
Fixed Assets
The trLovement in fixed assets is shown in note 9 to the accounts on page
22. At the year end the accounting net book value of fixed assets held
was £698, 605 12022". £689, 1901
Investhents
The movement in investrftents is shown in note 10 to the accounts on page
23.
At the year end the value of investments held was £93,763 12022:
£91,542)
The investrnent is in The Church in Wales co￿on Investment Fund which is
collective
investment
scheme
that
was
established
by
The
Representative Body of the Church in Wales (The Representative Body)
under a scherfte approved by the Charity Commissioners on 11 December
2008, for the investment of monies belonging to or benefiting any
charity for which the Representative Body is Trustee.
The Representative Body is the Trustee of the Common Investment Fund,
and has appointed its Investment Corrttnittee to oversee the Fund.
The
Investment Committee Treets four times a year, receives quarterly reports
from the Fund Manager, and monitors the strategy and perf'orrnance of the
Fund.
The Corrmon Investrnent Fund is managed by the Fund Manager in accordance
with an Investment Managernent Agreement, and is administered by the
staff of the Representative Body.
The Fund is suitable for investment by Areas where long term capital
growth and a reasonable level of income and income growth are desired,
and is not suitable for money that is liable to be needed in the near
future.
t4linistry Area funds and trusts from bequests and legacies
invested in the Fund.
can be
Trusts held in the Fund are distinguished between expendable and non-
expendable trusts.
In most cases income from expendable trusts is
accrued and either reinvested or paid out to the Area.
trust income is usually distributed on a quarterly basis.
Non-expendable

TAFF IIENALLT MINISTRY AREA
BIPORT AND STATEblENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
InvestJllÈnes (eontinued)
The Fund is considered to be a mediurll to long term investrnent vehicle
for trusts and parish funds, and has the following aims and objectives:
To achieve a balance between sustainable levels of income and
capital growth,"
To optimise total returns without undue risk;
To operate within the constraints of the Church in Wales, Ethical
Investment Policy.
Reserves Policy
This is
surnmary of the Ministry Area Reserves
Policyi
intended to facilitate an understanding of the policy.
and is
inforEllation is found within the main policy document.
Background
De£inition
The
Charity Conunission
def ines
reserves
. that part
charity's unrestricted funds that is freely available to spend on any
of the charity's purposes"
The reserves policy should assist in the
objective and airn of the Benefice.
Purposa 0£ Reserve
The reserve fund serves several purposes:
To facilitate short term smoothing when rnonthly income falls
short of expenditure.
To
facilitate
paying the
'Parish'
Share by making
up the
short£all whcn one chuLch has iiibufficlent funds to contrLbute.
To support emergency and urgent needs that arise frorn time to
tirne.
Other potential benefits of a reserve fund include:
Funding routinc maintenanie.
Reducing the annual quota for each church.
Supporting church led initiatives and projects.
Surplus of funds
If there is a surplus the Ministry Area Committee will be asked to
determine priorities. One option would be to reduce the quota for each
church.
Monitoring and zaview
The finance corfmittee will review the reserve balances every quarter.
Annually the finance committee wilL review the amounts held in reserve
and report to the MAC. Annually the finance collmittee will review the
reserves policy and make recollunendations to the MAC.

AFF WENALLT MINISTRY ARE
BEPORT AND STATEMENT OF THE TRUSTEES (continued)
YEAR ENDED 31 DECEMBER 2023
statement 0£ Trustees, Responsthilities
Financial statements are required to be prepared for the Ministry Area
for each financial year which give a tiue ¢aiid l(iir vlew of irs state or
affairs at the balance sheet date and of the income and expenditure for
the year then ended. These financial statements are required to be
examined by
independent
examiners
and
parishioners.
copies
made
available
to
In preparing these financial statements the trustees will
have due regard to:
selecting
suitablg
consistently
applying
making judgements and estiTrates that are reasonable and prudent
observing applicable Accounting Standards
preparing the financial statements on a going concern basis
The trustees
(who are members
of the Ministry Area Councill
are
responsible also for keeping proper accounting records which disclose
with reasonable accuracy the financial position of the Ministry Area and
for safeguarding its assets.
The above report has been prepared in accordance with the Statement of
Recomllllended Practice
Accounting and Reporting by Charities.
Approved by and signed on behalf 0£ the Board of Trustees.
a n.nOLint ing
poIicLe8
and
them
Trustee
Date
io

INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES
TAFF TrJENALLT MINISTRY APEA
YEAR EE4DED 31 DECEbIBER 2023
I report on the accounts of the Taff Wenallt Ministry Area which are set
out on pages 12 to 29 and which have been prepared in accordance with
the accounting policies set out on pages 16 to 19.
Res
ective res
onsibilities of Trustéas and Ind
endent Examingr
The trustees Iwho are also rnembers of the Ministry Area Councill are
responsible for the preparation of the accounts.
The trustees consider
that an audit is not required for this year (under section 144 121 of the
Charitieq Ap.tr ?011 (the 2011 Act) l and that an indcpendent ekamination
is needed.
Having satisfied myself that an audit is not required,
responsibility to:
examine the accounts lunder section 145 of the 2011 Act)
to follow the procedures laid down in the general Directions
given by the Charity Commission (under section 145151 Ibl of the
2011 Acti
and
to state whether particular matters have come to my attention.
Basis of
inion
it is my
My exarnination was carried out in accordance with the general Directions
given by the Charity Couullission.
An examination includes a review of
the accounting records kept by the charity and a comparison of the
accounts presented with those records.
of any unusual
It also includes consideration
items
or disclosures
explanations from you as trustee
in the accounts,
and seeking
r.nnr.g. rning
any
such rnattetg
The
procedures undertaken do not provide all the evidence that would be
required in an audit, and consequently no opinion is given as to whether
the accounts present a true and fair view and the report is limited to
those matters set out in the statement below.
In connection with rfty examination, no rnatter has come to my attention:
which gives Tfle reasonable cause to believe that in any material
respect the requireThents:
to keep accountlng records in accordance with section 130 of the
2011 Act. and
to prepare accounts which accord with the accounting records and
coJnply with the accounting requirements of the 2011 Act
have not be&n met.
to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the financial statements to be
reached.
Robert Hugh
FCA
Independent Examiner
15 Dan y Bryn Avonuc, Radyr, CARDIFF CF15 8DD
Date:
2t
li

TAFF WENALLT MINISTRY AREA
STATE￿NT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
2023 SOFA
Unrestrietad Designated Restricted
funds
funds
funds
Total
2023
Notes
INCOME & ENDOWMENTS
Donations and legacies
Income f rom charitable
activities
Trading ￿n.fiV1tieS
Investments
151, 408
13,396
164, 804
6, 578
87, 9iJ9
3,870
6,578
90,098
15, 536
1, 508
9, 720
1,946
Total income
249,805
11,228
15, 983
277, 016
EXPENDITUBE ON:
Raising funds
Expenditure on
charitable activities
46
262,076
16,205
278, 281
Total expenditure
262,076
46
16,205
278, 327
NET INCOME (EXPENDITUBE)
112,2711
11,182
12221
11,3111
Gross transfers between
f unds
144,8021
138
44,664
OTHER RECOGNISRD GAINS/
(LOSSES)
Gains/ Ilossesl on
revaluation of
investNLents
io
4,404
4,404
157.0731
48,846
3,093
Reconciliation of £unds:
Total funds brought
f orward
16
310,574
43, 917
638, 329
992, 820
TOTAL FUNDS CAFIiIED
16
253,501
55,237
687, 175
995, 913
12

TAFF PIENALLT MINISTRY APEA
STATEMiNT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
2022 SOFA
Unrestricted Des1¢￿ated Restricted
funds
funds
funds
Total
2022
Notés
INCOM& & ENDOWMENTS
Donations and Legacies
IncorAe Erorn charitable
activities
Trading ar.t.i viti*s
Investments
165,280
4,757
170, 037
7,987
7,987
82iu60
823
9,720
1,566
12,109
Total income
256, 650
9,720
6, 323
272, 693
EXPENDITUBE ON:
Raising funds
Expenditure on
charitable activities
2, 312
2, 312
254, 124
3,432
2,934
260, 490
Total eXpen￿t￿re
256,436
3,432
2,934
262, 802
NET INCONE (EXPENDITUBE)
214
6, 288
3, 389
9,891
TPANSFERS
Gross transfers between
f unds
120,5801
24,627
14,0471
OTHER RECOGbTTSED CIINs/
(LOSSES)
Gains/ I losses) on
revaluation of
investments
io
19, 2561
19, 2561
IAET MOVEMENT IN FUNDS
120.3661
30.915
IC), Q141
635
Reconciliation 0£ fund8:
Total funds brought
f orward
16
330,940
13, 002
648,243
992, 185
TOTAL FUWDS a4BRIED
FORwAL￿)
16
310,574
43, 917
638,329
992, 820
All of the charity, s activities derive from continuing operations durlng
the above two periods.
in note 16
The funds breakdown for 2023 and 2022 is shown
13

TAFF WENALLT TrfiNISTRY AREA
BALANCE SHEET
31 DECEMBER 2023
2023
UThrèBtricted D•glgrtated
AstZLCted
otal
2023 BALIINCS SHEET
Not•9
FIYID ASSETS
Tangible fixed asset
Investments
190, 451
508, 154 698, 605
93,763 93,763
io
190, 451
601,917 792,368
CURRENT ASSETS
Debtors and prepayments 11
Cash at bank and in hand 12
17,020
60,306
4,129 21,149
81, 129 196, 672
55,237
77,326
55,237
85,258 217, 821
LESS: CURBENT LIABILITIES
Creditors and accruals
Loan f rom the
Representative Body
13
11,126
11,126
3,150
3,150
14,276
14,276
NET Cu￿NT ASSETS
63, 050
55,237
85, 258 203, 545
NET ASSETS
16 253,501
55,237 687,175 995,913
Unrestricted funds
Restricted f unds
16 253,501
16
55,237
308, 738
687, 175 687, 175
NET ASSETS
16 253, 501
55, 237 687, 175 995, 913
The financial statements on pages 12 to 29 were approved by the
Board of Trustees.
Trustee
.17.11. .2o.7+,
Date
14

TAFF TrIENALLT MINISTRY AREA
BALANCE SHEET
31 DECEMBER 2023
2022
TJtsrnetz1C￿d De8lwtsd Be8tElct&d
Total
2022 BALANCE SHEET
Nots8
FIXED ASSETS
Tangible fixed asset
Investments
9 177,094
io
512,096 689, 190
91. 542 91,-fj4?.
177, 094
603, 638 780, 732
CURRENT ASSETS
Debtors and prepayrnents 11
12,683
Cash at bank and in hand 12 136, 157
12,683
34,691 214,765
43,917
148,840
43, 917
34,691 227,448
LESS: CURS£NT LIABILITIES
Creditors and accruals
Loan f rom the
Representative Body
13
12,210
12,210
3,150
3,150
15,360
15, 360
NET CURRENT ASSETS
133, 480
43,917
34, 691 212, 088
T ASSETS
16 310,574
43, 917 638, 329 992, 820
Unrestricted funds
Restricted f unds
16 310,574
16
43, 917
354, 491
638,329 638, 329
NET ASSETS
16 310, 574
43,917 638,329 992,820
15

TAFF TrIENALLT MINISTRY ABEA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Suzrar￿ry 0£ 8&gtLz£igant accountlng policie3 and kay
accounting e8timates
The
principal
accounting policies
applied
in
the
preparation of these financial statements are set out
below.
These policies have been consistently applied to
all thp. years presentad, unless othcrwise stated.
statement of compliance
The accounts (financial staterrLentsl have been prepared in
accordance with Accounting and Reporting by Charities:
staternent of Recornrnended Practice I SORPI , the provisions
of The Charities Act 2011
and the Church
in
Wales
Accounting Regulations.
b)
Basis of preparation
The accounts have been prepared under the historical cost
convention with iterns recognised at cost or transaction
value unless otherwise stated in the relevant notelsl to
these accounts.
Going concern
Thg financial statementts havc been prepared on the yuiiiy
concern basis.
The trustees assess whether the use of going concern is
appropriate,
whether
there
are
any
aterial
uncertainties related to events or conditions that may
cast significant doubt on the ability nf tho eharity to
continue as a going concern.
The trustees rnake this
assessment in respect of a period of one year from the
date of approval of the financial statements.
d)
Classif ication 0£ funds
Funds are classified according to the manner in which
they are allowed to be spent.
Unrestricted funds deal with funds that can be spent
generally for £urthering the religious and charitable
work of the Rectorial Benefice.
Designated funds are funds which have been set aside for
specific purposes but which can be returned to the
General Fund at any time if the trustees so decide.
Restricted funds are funds whose use is restricted
accordinq to the terms on whie.h trhp.y wpre received.
Further details of each fund are described in note 16.
16

TAFF WENALLT MINISTRY ARE
NOTES TO THE FINANCIAL STATEMEwrs
YEAR ENDED 31 DECEMBER 2023
Inct)me and Expenditure
All known incorLie aiia eApeii(liture Is reflectecl in the
consolidated statement of f inancial activities.
Incoming resouzces
All incoming resources are included on the Statement
of FinAnr.ial Activities when the
entitled to
the
income
charity 13 legally
and the
amount
can
quantif led with reasonable accuracy.
Donations and legaeigs
Donations are recognised when the charity has been
notified in writing of both the amount and settlement
date.
In the event that the donation is subject to
conditions that require a level of performance by the
charity before the charity is entitled to the funds,
the income is deferred and not recognised until either
those conditions are fully rnet, or the fulfilment of
those conditions is wholly within the control of the
charity and it is probable that these conditions will
be fulfilled in the reporting period.
Deferred income
D•fgrred incomè reprewcnto aTrounts received foL luLuL"e
periods and is released to incoming resources in the
period for which it has been received.
only deferred when:
Such income is
The donor specifies that the grant or donation must
only be used in future accounting perind.q,"
The donor has imposed conditions which rAU8t be met
before the charity has unconditional entitlement.
Expenditur
All expenditure is recognised once there is a legal
or Gonstructive obligation to that expenditure, it is
probable settlement is required and the amount can be
measured reliably.
11 costs are allocated to the
applicable expenditure heading that aggregate sirnilar
costs
to that
category.
Where
costs
cannot be
directly attributed to particular headings they have
been allocated on a basis consistent with the use of
resources.
17

TAFF TrIENALLT MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEbSBER 2023
Charitable activitias
Charitable expenditu1￿ LUIIIE)L"1ses those costs incurred
by the charity in the delivery of its activities and
services for its benef iciaries.
It includes both
costs
that
can
be
allocated directly to
such
activities
and those
costs
of an
indirect nature
necessary to support thern.
Support C03t8
Support costs include central functions and have been
allocated to activity cost categories
on
a basis
consistent with the use of resources.
Governance costs
These include the costs attributable to the charity's
compliance
with
constitutional
and
requirements,
including
statutory
strategic
independent
examination,
rnanagement
and
trustees,
reimbursed expenses.
meetings
and
£)
Tangible fixed assat8
Depreciation is provided on the cost of tangible fixed
assets, apart from freehold propertyi at the following
rat.9. in nrder to writè off the CO4lt of each asset
Less
estitnated residual value over its estimated useful life.
Church halls
Benef ice of f ice
Of f ice equipment
Of f ice f urniture
Chasubles and f rontals
over 20 years
over 20 years
25% reducing balance method
25% reducing balance mg.t.hn
IO% reducing balance rnethod
g)
Investrnent¥
Investments are stated in the balance sheet at their rnid
market value at the balance sheet date.
All movements
in value arising from investment changes or revaluation
are recognised in the statement of £inancial activities.
Gains or losses on investments disposed of are calculated
as the difference between the disposal proceeds and the
carrying value of the investment.
Gains or losses on investments revalued are calculated as
the difference between the carrying value at the
beginning of the year and the end 0£ the year.
18

TAFF WENALLT MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DE￿ER 2023
h)
Debtors
Debtors are amounts due for merchandise sold or services
perforrned in the ordinary course of business.
Debtors
are
recognised
at the
transaction
price.
initially
They are subsequently measured less provision for
i Tnpa i r￿pnt.
A provision for thc impairment of debtors is
established when there is objective evidence that the
charity will not be able to collect all amounts due
according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and caLI
deposits, and other short terrn highly liquid investments
that are readily convertible to a known amount of cash
and are subject to an insignificant risk of change in
value.
i)
CLeditozE
Creditors are obligations to pay for goods or services
that have
been
acquired
in
the
business from suppliers.
ordinary
course
of
Accounts payable are classified
as current liabilities if the charity does not have an
Linconditional right
at the end of the period,
to defer settlement of the creditor for at least twelve
rnonths
af ter
the
reporting date.
It there
an
unconditional right to defer settlement for at least
twelve
onths
after
the
reporting date,
presented as non-current liabilities.
they
are
Creditors
are
recognised
initially at the transaction
price and subsequently measured at amortised cost using
the ef fective interest method, where applicable.
TAXATION
No taxation is payable by the charity for the year as it
is able to make use of the tax exemptions on income and
capital gains available to charities.
19

TAFF WENALLT MINISTRY ABEA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
3. DONATIONS AND LEGACIES
Tu Ldl
TDtal
funds
fund8
funds
2023
2022
Givingi of f erings,
donations & appeals 116,304
HMRC receipts and
gi f t direct
Legacies
Non-rectsrring grants
11,380
127, 684
129,931
33,457
1,000
647
33,457
1,000
2,663
26,728
2,409
10, 969
2, 016
151,408
13,396
164, 804
170,037
4. INC￿ FROM CHARITABLE ACTIVITIES
Unrestrict.
funds
Desig. Restriat.
funds
fund
Total
2023
total
2022
Weddingy funeral,
burial and other
fees
6,578
6,578
7, 987
OTHER TRADING ACTIVITIES
Unrestsict.
funds
Desig.
funds
Restrict.
otsl
023
Total
2022
Fund raising and other
funds generated
Hall and building
rental income
MA share rebate
19,410
1,508
561
21,479
13,274
45,526
23,013
80
45,606
50, 862
18.d24
87, 949
1, 508
641
90,098
82, 560
INVESTMENTS
Unrostsi¢t.
funds
Desig.
fund8
R•strict.
fLmd$
Total
2023
Total
2022
Investment income
Bank interest
Rent f rom investment
property
28
3,842
1,946
1, 974
3,842
1,566
823
9,720
9,720
9,720
3,870
9,720
1,946
15,536
12,109
20

TAFF WENALLT MINISTRY ARE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
7 . EXPENDITUBE ON CHARITABLE ACTIVITIES
UnzeBtrigt. D0¢5ig.
funds
funds
RealL1￿L.
ftsnds
Total
2023
Total
2022
Maintenance
of ministry:
Quota
Clergy expenses
151, 705
12,028
151,705
12,074
148, 143
11,009
Maintenance
of serviee¥:
Verger, choir,
Music and organ
Other maintenance
of services
4,011
4,011
13,759
1,549
2,818
4,367
2,480
Genèral Area
exp£n¥es .
Salaries and fees
Depreciation
Other general Area
expenses
24,259
7,082
24,259
10, 615
16,209
11,337
3,533
11,149
11,149
12, 831
Maintenance of
¢hurches".
Light, heat & water 10,713
Insurance
Repairs and
4,135
maintenance
10,713
4,135
9,202
3,290
4, 926
2, 493
7,419
5, 672
Maintenanca of
propérty:
Light, heat and
water
Insurance
Repairs and
14,544
5,780
14,544
5,780
8, 826
5, 489
other maintenance
of property
2,4Jl
3,144
5,575
8,200
7, 089
1,500
8,589
1,239
Mission
675
2,717
3, 392
2,804
262, 076
16,205
278,327
260,490
NET INCOMING {OTJTGOINGI RESOURCES
Net resources are stated after charging:
2023
2022
Independent examination fees
Accountancy f ees
Depreciation
owned assets
1,750
2,150
10, 615
1. 500
1,900
11,337
21

TAFF WENALLT MINISTRY AIIEA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIX8D ASSETS
Cha¥ubles,
frontals,
o£fice
equipment,
fixtures &
f ittings
Freehold
property
Total
Costs:
At l January 2023
Additions
Disposals
734, 714
107, 837
20,030
842, 551
20,030
At 31 Decernber 2023
734,714
127, 867
862,581
Depreciation:
At l January 2023
Charge f or year
On disposals
71,042
4,091
82,319
6, 524
153, 361
10, 615
At 31 December 2023
75, 133
88,843
163, 976
Net Book Value:
At 31 December 2023
659, 581
39, 024
698, 605
At 31 Decernber 2022
663, 672
25,518
689, 190
The fixed asset balances were as follows: unrestricted fund
£190, 451 12022: £L77, 0941 and restricted fund £508, 154 12022:
£512, 0961
The freehold properties of the Benefice Inow Ministry Areal
were
professionally valued during the year ended 31 DeceEllber 2004 and
these revaluations were reflected in the financial statements during
that year.
The properties currently owned were valued at £635, 000 at that date.
The value of these properties was increased by £499,550 over cost
with the creation of a revaluation reserve.
22

TAFF SqENALLT MINISTRY APEA
NOTES TO THE FINANCIAL STATEM8NTS
YEAR ENDED 31 DECEMBER 2023
io.
INVESTMENTS
2023
2022
Valuation at l January
CIF income received
CIF income paid out
Surplus on revaluation
91, 542
1,946
14, 1291
4,404
99,248
1,550
19,2561
Valuation at 31 December
93,763
91,542
Represented by:_
Shares in Corrmon Investment Fund
Cash awaiting investment
83,343
10, 420
78,939
12,603
93,763
91,542
Shares in Conllnon InvestEnent Fund are valued at mid-market
price on 3L De¢ell￿er. All investments related to
restricted funds in both 2023 and 2022.
ii.
DEBTORS AND PI4EPAYM&￿8
2023
2022
Debtors and accrued income
Prepayments
18,865
2,284
10,822
1,861
21,149
12,683
Debtors and prepayments were as follows: unrestricted
funds £17, 020 12022: £12, 6831 and restricted funds £4, 129
12022: £nill
12.
Cash and bank balances were as follows: unrestricted
funds £115,543 12022: £180, 0741 and restricted funds
£81, 129 12022: £34, 6911
13.
CBEDITORS AND ACCRUALS
2023
2022
Creditors
Accruals
6,441
4,685
7,117
5,093
11,126
12,210
Creditors and accruals were as follows: unrestricted
funds £11, 126 12022: £12, 2101 and restricted funds £nil
12022: £nill
23

TAFF IIENALLT MINISTRY APIA
NOTES TO THE FINANCIAL STATEMEwrs
YEAR ENDED 31 DECEMBER 2023
14.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
£ixed assets
and investments
Net
current
assèts
Total
Restrie.t.g.d fLinds
Unrestricted funds
601, 917
190,451
607, 175
308, 738
118, 287
792,368
203, 545
995, 913
Unrealised gains
included above
Freehold property
Investments
499, 550
37,299
499,550
37,299
Total unrealised gains
at 31 December 2023
536,849
536, 849
15.
2023
2022
inistry Area
St Mary, s Church
St. ThoThas' Church
All Saints, Church
All Saints, Church Llandaff North
Central
837, 736
63,696
58,133
26. OG2
10, 286
908,774
20,195
64,244
18, 9091
8,516
995, 913
992, 820
24

TAFF TrJENALLT MINISTRY ABEA
NOTES TO THE FINANCIAL sTATE￿￿NTs
YEAR ENDED 31 DECEMBER 2023
16.
euzrent Year
Balance
Illcoll￿ng Resources
zesourees expended
and reval .
T/fers
Balance
01.01.23
31.12.23
Unrestrieted
funds . _
General f und
310, 574
Designated fund 43, 917
249, 805
11,228
1262,0761 144,8021 253,501
1461
138
55,237
354,491
261,033
1262,1221 144,6641 308,738
Restrictsd funds:_
Central:
Freehold prop. 491, 675
11,0061 490,669
Area Of f ice
17,986
11,5071
16, 479
Disposal of
properties
22, 403
22,403
Investrftents
90,427
6, 074
96,501
Youth club
1,295
1,295
st Thomas, .
Church. hall
refurbishment
15211
760
239
Friends
658
24
500
1,182
Grants
500
15001
Charities
238
120
358
st Mary,
Church hall
ref urbishTrent
1, 775
15041
1,271
byaintenance
Churchyard
Church & hall
1,292
1,274
8,375
11,8501
16,6371
716
47,721
45, 983
Investments
1, 190
62
1751
1,177
Organ f und
970
19701
Grants
1,500
1,290
12,7901
Charities
2,216
246
2,249
Balanee c/Ewd: 632, 8 30
18,514
114,0971
45,013
682,260
25

TAFF IIENALLT MINISTRY ABEA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Current Year
Balance
01.01.23
Ineoming Resources
resourees expended
and Leval.
T/f•rs
Balancg
31.12.23
Restricted
Funds {contl dl
Balance b/£wd 6.3?.
18,514
114,0971
4S,013
682,260
All Saints,
Church build.
873
873
Clearwater proj.
294
1, 078
17261
646
Organ f und
2,000
2, 000
Hand bell
Ringers
845
1391
806
Ukraine
1,267
657
12, 0691
515
370
Bequests and
collections
220
138
11381
220
638.329
20,287
116,4051
G67, 17J
Total f unds
992, 820
281, 420
1278,3271
995, 913
Pravious Year
Balance
01.01.22
Incominq Resoure&s
resourees expended
and reval .
T/f•rs
Ealanoe
31.12.22
Unrestricted
funds:_
General f und
330, 940
Designated fund 13, 002
256, 650
9,720
1256, 4361 120, 5801
13,4321 24,627
310, 574
43,917
343,942
266, 370
1259, 8681
4,047
354,491

TAFF WENALLT MINISTRY ABE
NOTES TO THE FINANCIAL STATEM&NTS
YEAR ENDED 31 DECEhT8ER 2023
16.
Previous Yaar
Balance
01.01.22
Incoming Resources
resouices expended
and reval.
T/£er3
Balance
31.12.22
Restricted
funds:_
af f Trlonallt
Central:
Freehold prop. 491, 675
491, 675
Area Of f ice
19,493
11,5071
17,986
Disposal of
freehold prop.
22, 403
22,403
Investrnents
98,001
1,550
19, 1241
90,427
St Thomas,
Church hall and
ref Urbi5h￿ent
427
14271
Friends of St
Thomas
78
580
658
Grants
500
500
st Mary, s:
Church hall
ref urbishment
2,446
16711
1,775
Churchyard
rrLaintenance
1,292
1.2q2
Invest￿entS
1,304
17
11311
1,190
Organ f und
970
970
Grants
1,500
1,500
Balance c/fwd: 637, 041
4,615
111,8601
580
630,376
27

TAFF TrIENALLT MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Previous Year
Balance
01.01.22
Incoming Resources
resouree8 expended
and reval .
T/fét¥
Balance
31.12.22
Restricted
Funds {cont' d) '.
Balanea b/fwd 637. 041
4,615
111, 8601
580
G20, 376
All Saints, .
Church build.
886
1131
873
Clearwater proj.
294
294
Organ f und
2,000
2,000
Hand bell
Ringers
845
845
All Saints LN:
Wall repairs
4,671
1441 14,6271
All churches,
Bequests, special
collections
and charities
2,506
1, 708
12731
3,941
648,243
6, 323
112,1901 14,0471
638,329
Total f unds
992, L85
272, 693
1272, 0581
992, 820
17.
MINISTRY APEA ACCUblULATED FtJND
2023
2022
General reserves:
Balance b/fwd
Surplus Idef icitl for the year
Balance c/fwd
460, 375
11,3111
459, 740
635
459,064
460,375
Revaluation reserve:
Balance b/fwd
Revaluation during year
Balance c/fwd
532,445
4,404
541,701
19, 2561
536,849
532, 445
Coll￿1ned reserves
995, 913
992,820
28

TAFF WENALLT MINISTRY AIIEA
NOTES TO THE FINANCIAL STATEMEwrs
YEAR ENDED 31 DECEMBER 2023
18.
ANALYSIS OF NET CASH AND BANK FUNDS
At a January
2023
At 31 Da¢￿ber
2023
Cashflow
Cash at bank and
in hand
14,765
118,0931
19G, G7L
214,765
IL8,0931
196, 672
At a January
2022
At 31 Decembar
2022
Cashf low
Cash at bank and
in hand
225, 576
110,8LII
214,765
225, 576
110,8111
214, 765
19.
CAPITAL COMMITMENTS
There were no capital coThtnitments at 31 December 2023
12022
nil)
20.
CONTINGENT LIABILITIES
There were no contingent liabilities at 31 Decen￿er 2023
12022
nill
29