REGISTERED CHARITY NUMBER: 1131153 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF CONTENTS YEAR ENDED 31 DECEMBER 2024 Page Reference and administrative details of the charityi its trustees and advisors Trustees, report Independent examiners, report to the trustees 10 Statement of financial activities 11 Balance sheet 12 Notes to the financial statements 13-24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS YEAR ENDED 31 DECEMBER 2024 Members of Ministry Area Council lan Davies, Gareth Glover. Reverend Canon Jan Gould, Reverend Dr Rhys Jenkins, Jean O'Keefe, Kate Puzey, Reverend Jesse Smith. Gareth Tombleson, Reverend Canon Andrew Sully, Peter Kellam and Mark Saunders Paula Yates, Susan Parsons, Reverend Susan Hurrell. Sylvia Watkins, Reverend Sian Parker, Sarah Sharp and Reverend Sion Brynach joined the Ministry Area ofwest Cardiff in April 2024 as Ministry Area Leader. Robert Bridle joined the Ministry Area of West Cardiff in April 2025 as Ministry Area Leader and Liza Tercero also jcined the Ministry Area of West Cardiff in April 2025. Co-opted Members Gareth Glover Ministry Area Treasurer Peter Kellam Ministry Area Property Lead Ministry Area Safeguarding Officer Ministry Area Communication Lead Mark Saunders Gareth Tombleson Lay Chair lona Gordon MAC Secretary Jean Gorey Charity registration number 1131153 Registered Office 12 '1'hompson Avenue Cardiff CF5 1EY Independent Examiner J P.oderick, Bsc ACA WJ James & Co Limited Bishop House 10 Wheat Street Brecon Powys LD9 7DG
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Charity Trustees (the Trustees) of The Parochial Church Council of the Ecclesiastical Ministry area of West Cardiff (the Trust) present their annual report together with the financial statements of the Trust for the year ended 31 December 2024. These financial statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102} and Charities Act 2011 and the Trust's Constitution. OBJECTS AND ACTIVITIES The promotion of the whole mission of the Church. pastoral, evangelical, social and ecumenical. in the Ministry Area of West Cardiff (including Ely, Fairwater & Canton) ACTIVITIES UNDERTAKEN TO FURTHER THE TRUST'S PURPOSES FOR PUBLIC BENEFIT The Trustees have refer". ed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objects. All these aims are undertaken Io turther our objective for the public benefit. REVIEW OF ACTIVITIES Ministry Area Leader Report: No report received. Report of the Ministry Area of West Cardlff Treasurer No report received. St Catherine's Church, Canton No report received. St Timothy's Church, Ely with Caerau No report received. St David's Church, Ely with Caerus No report received. St Luke's Church, Canton No report received. St John's church, Canton No report received. St Peter's church, Fairwater No report received.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Church of the Resurrection No report received. MAC Secretary Report No report received. SAFEGUARDING No report received. Ministry Area Vision I Plan No report received. Eco Church No report received. Social Communication No report received. Property No report rePl"ed
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Church in Wales . The Diocese of Llandaff MINISTRY AREA OF WEST CARDIFF Registered Charity No."1131153 VESTRY MEETING Minutes of the meeting held on Sunday 2Ph April 2025 St Peter's Church at 6.00 pm Present . Robert Bridle, Beryl Cooke, Reverend Sion Bryf1ah. Carol Cobert, lan Davies, Ruth Davies, Morgan Gell, Norma Gell, Gareth Glover, Jean Gorey, Reverend Canon Jan Gould, Cynthia Hill, Reverend Sue Hurrell, Reverend Dr Rhys Jenkins, Peter Kellam, Richard Marsh. Jean O'Keefe, Reverend Sian Parker, Kate Puzey, Stephen Puzey, Karen Rabjohn, Kirsty Riddick, Colin Rossiter, Reverend Jesse Smith, Margaret Smith, David Snelson. Barbara Sparks, Reverend Canon Andrew Sully, Chris Ward, Sylvia Watkins, Paula Yates, Jayne Young. Chair- l_ila Tercero 1. Opening Prayers everend Andrew Sully lona Gordon. Sue Parsons, Mark Saunders, Sarah Sharp. Gareth ombleson, Clive Westwood, Hilary Westwood. . Apologies cceptance of Minutes. .Minutes of the last nu81 Vestry Meeting 21 ril 2024, 5t roposed by Colin Rossiter econded by Reverend Sian Parker Matters arising None.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Reverend Canon drew Sully opened the eeting. everend Canon Andrew Sully talked about what his vision is of the uture of the Ministry Area, Gratefulness Providing a welcome in our churches Would like to see more pilgrimage to get to know each other Missionary Kindness to each other Spending time with each other and how we can build up our profile. Post Covid our churches are more fragile Ministry Area Report for 24 fler discussions on the report it identified four items to be changed. St Catherine's St Luke, Church of the Resurrection Property Report is report was accepted on condition of the above alterations. roposed Paula Yates cce ted Peter Kellam
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 l. Presentation of ounts "areth presented to overall MA Accounts , showing an overall increase er the year of £4,000 e then explained thal individual churches would know their own rofitslloss from 2024 from their accounts presented to Church Councils y their individual treasurers. owever, because the large sums spent in building repairs and large rants received to help pay for this, distort the basic profitability of each hurch, the figures at Section 1 are provided simply to indicate which hurches are fundamenlally viable and those there are concerns about. his indicates that St Peters and St Johns presently are of concern, Ithough St Peters has undergone changes regarding the finances of the all which should rectify this in 2025. St John's remains a significant oncern although it presently has good reserves. roposed by Father Rhys Jenkins econded by Reverend Canon Andrew Sully ESectioiis e following people were nominated, proposed and seconded and duly lected unopposed. inistry Area Chair iza Tercero inistry Area Wardens ean O'Keefe aula Yates hurch Wardens representing their Church on the MAC aratri SlrP - Church of the Resurrection an Davies - St John's ue Parsons - St Catherine's obert Bridle - St David's Sylvia Watkins - St Luke's ate Puzey - St Peter's o-opted areth Glover - Ministry Area Treasurer eter Kellam - Ministry Area Property Team Leader ark Saunders - Safeguarding areth Tombleson - Communicalions ean Gore - MAC Secreta
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 ppointment of Independent Examiner J James of Brecon has been appointed the MA Independent Examiner. 10. Announcements everend Canon Andrew wished Margaret Smith a happy birthday and we ang happy birthday to her. she commented that she has been on the hurch council of St Peter's for 62 years. Reverend Canon Jan Gould. will be retiring at the end of July. Everybody is invited to her celebrations on Sunday 27th July at 4pm in Church of Resurrection. ur best wishes and prayers go to Sue Hurrell and Sian Parker as they will e ordained to the priesthood on Saturday 28th June al the Cathedral. All re welcome. Confirmation service to take place Sunday 8th June. at Church of ilie Resurrection at 6pm. anked Cynthia Hill for her work for St David's on the MAC. 11. Future Ministry Area ouncil (MAC) Meetings hursday 10 July 2025 6.30pm - 08.00pm at St John's Church Canton onday 3 November 2025 6.30pm - 08.00pm venue TBC 12. Prayers here was a silence for the people who had passed away at John's and he church of the Resurrection. anon Jan Gould finished with prayers. eeting finished at 7'.15pm
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 GOING CONCERN Taking account of the Charity's assets, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. RESERVES POLICY The Trustees have established a level of freely available resendes which excludes restricted reserves and tangible assets sufficient to meet six months, worth of expenditure currently approximately £182.500. At the year-end unrestricted reserves were £222,112. Trustees are working to ensure sufficient reserves are maintained. INVESTMENT POLICY AND PERFORMANCE The Trustees have wide powers of investmenl and they have reviewed the Charity's investment strategy and performance in order to reduce the exposure and risk of Trust funds whilst retaining income generating capability. The performance of the investmenl portfolio is set out in Note 13 to the accounts. STRUCTIJRE, GOVERNANCE AND MANAGEMENT CQNQYI I bTICN The Charilv d prpvicijsly excepted charity, and its governing document is its Constitution dated 20 Jap.Ur.", y 201 which has been further amended 1 uanuary 2021. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The trustees are re-elected at the Annual General Meeting each year which must be held before 30 April. All licensed clergy in the MA are trustees. The Lay chair, two MA wardens and one representative from each church in the MA are voted in each year as trustees. Other members in specific roles are co-opted onto the MA council ie Secretary, Tre.asurer. Propety Lead. Safeguarding officer and Communication lead and are trustees also.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the harity and of the incoming resources and application of resources of the charity forthat period. In preparing these financial statements, tlie trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principle.8 in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that Ihe charity will coniinue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonab5e accuracy at any time the financial position of the charity and enable them to ensure thai ihe fiiiancial staterTr,ients comply with the Charities Act 2011. the Charities (Accounts and Reports) Requ13tions 2008 and the provisions of the trust deed. They are also responsible for afeguardir,g tna aJsetL' of the charity and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. Approved by order of the Trustee Board on .. /.). £( by 2025 and signed on their behalf Chair of Trustees
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF ('the Charity,) I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 December 2024 which are set out on pages 11 to 24. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my eY.aTination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I k,-ve followed all the applicable Directions given by the Charity Commission under section 145(5)(b> of the Act. Independent examiner'.s statement Since tlw. c.ompap,y's g oss income exceeded £250,000 your examiner must be a member of a bof.ty Iisif>d iri seci4on .1 45 of the 2011 Act. I confirm that l am qualified to undertake the examiriation beeAuse l am a member of Institute of chartered accountants, which is one of the. listed bodie I have r.onipleled Iny e-.gminaiion. I confirm that no material matters have come to my attention in coiinection wilh the tsxamination giving rne cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not accord with the applicable requirements concerning the from and conteiit of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair vie, which is not a matter considered as part of an independent examination. I have no concerns and have come across na OLher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J M Roderick Bsc ACA WJ James & Co. Chartere(l Accountant Bishop House 10 Wheat Street Brecon Powys LD3 7DG 1s...aLk).¥. 2026 10
TFIE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricled Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Note INCOME FROM: Donalions and legacies Charitsble activities Other trading activities Investments Other income 243.472 20,031 155,684 4,315 31,201 53,141 296.613 20,031 158,207 13,716 31,201 226,466 19,187 121,977 1,228 24,660 2,523 9,401 TOTAL INCOME 454,703 65,065 519,768 393,518 EXPENDITURE ON: Raising funds Charilable activities 3,604 464,820 3,604 500,478 3.065 424,205 35,658 TOTAL EXPENDITURE 468,424 35,658 504,082 427,270 Ik'et Gain•l{IossEi> on investments {183} 11831 951 NET INCOMKIIEXPENDITURE) (13,903) 29,407 15,503 (32.801) Transfers belMeen funds 17 22,016 122,016} NET MOVEMENT IN FUNDS 8.112 7,391 15.503 132,801) RECONCILIATION OF FUNas Total funds b¥ought foward 214,001 121,852 335,853 363,654 TOTAL FUNDS CARRIED FORWARD 222,113 129,243 351,356 335.853 The Statement of Financial Activities includes all gains and losse5 recognised in the year. All of the activitiee of the charily are classed as continuing The comparative funds are detailed in note 12 The notes on pages 13 to 24 form parl of these financial Statements 11
TFIE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Nole FIXED ASSETS Tangible fixed assets Investments 13 14 8,484 72,067 72,250 80,551 72.250 CURRENT ASSETS Debtors Cash ai oank and in hand 15 4,024 267,981 272,005 2,382 26£,321 264,703 Creditors - Amounts falling due withir. or,e year 16 (1,200) NET CURRENT ASSETS 270,805 263,603 TOTAL ASSETS LESS CURRENT LIABILITIES 351,356 335,863 TOTAL NET ASSETS 351,356 335,853 CHARITY FU14DS ilnA estricted funds Gene.rts Restricied funds 17 17 222.113 129,243 214,OD1 121.852 351,35S 335,853 These financial statements were approved by the trustees and authorised for issue by the trustees on 2025 and are signed on its behalf by.. Twstee Trustee The notes on pages 13 to 24 form part of these financial statements 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES Statement of complianca The financial statements have been prepared in accordance with the second edition of the Charities Stslement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basls of preparatlon The Ministry Area of West Cardiff meets the definition of a public benefit entity under FRS 102. The accounts {financial statements) have been prepared under the hislori¢al Cost convention with items recognised al cost or transaclion value Linless otheMise slated in the relevant nole(s) to these accounts. Exemption from preparing a cash flow statement The charity opted to early adopt Bullelin 1 published on 2 February 2016 and have therefore not Included a cash flow statement in these financial statements. Going concern The financial stalements have been prepared on a going concem basis. The trustees assess whether the use of going concem is appropriate i.e. whether there are any material vncertainlies related lo eveiits or conditions that may cast significant doubl on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Incoming resources Voluntary income including donations, gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. It is probable that the income will be received and the amount can be mèasured with sufficienl reliability. Donations and legacies are recognised on a receivable basis when re¢ciFI .'s probable and the amounl can be reliably measured. Donated services or facilitie5. which comprise of donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where Ihere is no financial c05t borne by a third party. Grants are recognised when the charity has an entitlement lo the funds and any conditions linked to the grants have been met. Where performance conditions afe attached to the grafil diid are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Govemment grants are recognised based on the acGrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or lo assets. Grants relating lo revenue are recognised in income over the period in which the related costs are recognised. Grants relating lo assets are recognised over the expected useful life of the asset. Wher p3rt of a grant relating to an asset is deferred, it is recognised as deferred income. Gift Aid relief on eligible donations is recognised on an accruals basis at the same point as the original donation In¥estrnent income is recognised al the lime of being received. 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I ACCOUNTING POLICIES (CONTINUED) Expendlture All expenditure is reco9nised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading ihat aggregate similar Costs to that category. Where costs cannot be directly attributed lo pariicular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are cost5 incurred in attracting volunlary income, the managemenl of investments and thos8 incurred in trading activities that raise funds. Charitable a¢tivitles Charitable expenditure comprises those costs incurred by Ihe charity in ihe delivery of its activities and seNices for its beneficiaries. It includes both costs Ihat can be allocated directly to such activities and Ihose costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, slralegiL managemeiit and trustees, meetings and reimbursed expenses. Taxation Tle charity is conpoidered 4LO paavs tlie tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and theiefore il meets the definiiioil of 3 charitable company for UK corporallon tax purposes. Accordingly, the charity is potentially exernpt from taxation in respect of income or capital gains received wilhin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains A¢1 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000 or more are initially recorded at cost Trade debtors Trade and other debtors are recognised at the setllemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due, Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly Ilquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade credltors Creditors and provisions are recognised where the Gharity has a present obligation resulting from a pasl event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provisions are normally recogni5ed al their settlement aniount after allowing for any trade di5counls due. 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES (CONTINUED) Fund structure Unrestricted income funds are general funds that are available for use at the truslees, éiscrelion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donaled for use in a particular area or for specific purpose5, the use of which is restricted to that area or purpose. Penslons and other post rotirement obligatlons The charity operates a defined conlribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity ha5 no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee servlce in the currenl and Fl'ior periods. Contributions to defined contribulion plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribulion due for service, the excess is recognised as Financlal instruments ClassifiGalion F'inancial assets and financial li?bil'iits are recognised when the charity becomes a paty lo the contraclual provirions of the instrumenl "4nallCi?.I liabilities and eouify in%lTuments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets 2nd liabilities arp. iryi+.'ially measured at transaction price (including transaction costs), except for those financial assets classi.ied as at fair value through profit or loss, which are initially measured at fair valLJe {INhicli is norrr.'ally the transaction price excluding transaction costs), unless the arrangement constitutes a finanuing transaclii>n. If an arrangement Constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted al a market rate of intefesl for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when. and only when there exists a legally enforceable right tD. let off the recognised amounts and the charity intends either lo settle on a nel basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) Ihe contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another paty substantially all of the Tisks and rewards OF ownership of the financial asset, or c} the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabililies are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. 15
TIE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 INCOME FROM DONATIONS AND LEGACIES Unrestrlcled Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Planned giving {direct debit & SO) Loose Collections Donations For Mission Tax Reclaimed Gifl Aid Legacies Grants 96,702 18,670 35,786 4,878 30,591 96,702 18,670 35,786 4,878 30,591 106,751 16,713 29,092 3,513 23.511 56,845 53.141 109,986 46,886 243,472 53,141 296,613 ££IJ.4DD Total 2023 192,288 34,178 226,466 During the year grants were received from the following- Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Totsl Funds 2023 National Loltery Cornmiinity Fund Vvelsh Phurc>,e Llanddff Df3r Cardiff council Othef Small grants 24,673 24,673 3,000 5,400 37.936 38.977 32.220 3,000 5,400 9,468 38.977 28.468 14,666 56,845 53,141 109,986 46,886 3 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Fees 20,031 20,031 19.187 20.031 20,031 19,187 Total 2023 19,187 19,187 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 OTHER TRADING ACTIVITIES Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Fundraislng Hall Rental Income Sundry 38,893 11 5,956 835 2,523 41,416 115,956 835 33,777 84.672 3.528 155,684 2,523 158,207 121,977 Total 2023 121,977 121,977 5 INVESTMENT INCOME Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Investment income 4.315 9,401 13,716 1,228 4,315 9,401 13.716 1,228 TOTAL 2023 1,228 1,228 6 OTHER INCOME Unrestricted Inrestricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Rebates (esp. Parish Share) Other income 24,201 7,000 24,201 7,000 26.112 {1,452) 31,201 31,201 24,660 TOTAL 2023 24,660 94,660
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 ANALYSIS OF EXPENDITURE BY ACTIVITIES Activilies Wages & Undertaken Salaries Directly 2024 2024 Total Funds 2024 Total Funds 2023 Charitable activities 42,614 457,864 500,478 424.205 42,614 457,864 500,478 424,205 TOTAL 2023 28,906 395.299 424,205 Analysis of direct Costs Total Funds 2024 Total Funds 2023 Parish share Parochial expenses of clerics aaintenance of seTviC,e> K3eneral parish experises laintÉnanre of ¢l)iir¢hes I lainl£-nance of other property Mission and 9ranl parish Mission and grant homelworld 168.673 7,657 13,094 107,359 179,027 5,635 2,225 16.808 173,175 9.025 14,887 62,927 149.154 4,241 2,006 8,790 500,478 424.205 8 INDEPENDENT EXAMINER'S REMUNERATION 2024 2023 Fees payable to the Trust's independent examiner in respect ot: Independent Examination 1.200 1,100 STAFF COSTS 2024 2023 Wages and salaries Social Security cosls Contribution lo defined contribution pension Schemes 41,340 554 720 25,174 2,248 1,484 42,614 28,906 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9 STAFF COSTS (CONTINUED) The average number of persons employed by Ihe Trust based on full lime equvialents during the year was as follows: 2024 2023 Employees No employee received remuneration amounting to more than £60,000 in either year. 10 TRUSTEES. REMUNERATION AND EXPENSES During the year, no trustees receiyed any remuneration of other benefits (2023 - £NIL). During the year ended 31 December 2024, expenses totalling £Nil were reimbursed or paid directly to Trustees (2023 - £Nil to trustees). 11 TAXATION The charity is exempl from corporation tax on its charitable activities. 12 COMPARATIVE STATEMENT OF FINANCIAL A-TIVITY FIGURES Unrestricted Reslrlcted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 INCOME FROM: Doiiations arid legaLies Charitable activities Other trading activities Investments Other income 192,288 19,187 121.891 1.228 24.660 34,178 226,466 19,187 121.977 1,228 24.660 244,882 21,725 144,680 942 31,473 86 TOTAL INCOME 359,254 34,264 393,518 443.702 EXPENDITURE ON: Ralsing funds Charitable aclivilies 3,065 397,427 3,065 424,205 3,839 425,177 26,778 TOTAL EXPENDITURE 400,492 26,778 427,270 429.016 Net Gains/(losses) on investmenls 951 951 110,519) NET INCOMEI{EXPENDITURE) 141,238} 8,437 {32,8011 4.167 Transfers beeen funds 103.594 {103,5941 NET MOVEMENT IN FUNDS 62,356 (95,1571 132,801) 4,167 RECONCILIATION OF FUNDS Total funds brought forward 151,645 217,009 368,654 364,487 TOTAL FUNDS CARRIED FORWARD 214,001 121,852 335,853 368,654 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13 TANGIBLE FIXED ASSETS Fixtures & fittings Total Balance as at 01.01.24 Additions Disposals Balance as at 31.12.24 10.605 10,605 10,605 10,605 Balance as al 01,01.24 Depreciation charge Ellminated on disposal Balance as at 31.12.24 2,121 2,121 2,121 2,121 Net book value at 31.12.24 8,484 8.484 Net book value at 31.12.23 14 INVESTMENTS 2024 2023 hlarket Value al 31 DeLein&>er 2023 Additionsl(Disposals) Unrealised Gaii)slllosses) 72.250 71,299 (1831 951 Market Value al 31 December 2024 72,067 72,250 15 DEBTORS 2024 2023 DUE WITH ONE YEAR Prepayments and accrued inc.ome 4,024 2,382 4,024 2,382 16 CREDITORS: AMOUNTS FALLING DUE WITH ONE YEAR 2024 2023 Accruals and deferred inLome 1.200 1,100 1.200 1,100 20
TFIE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 MOVEMENT IN FUNDS MOVEMENT IN FUNDS - CURRENT YEAR Balance at 1 January Incoming Outgoing 2024 resources resources Balance at Gainsl 31 December {Losses) 2024 Transfers inlout Restricted funds St Catherines Mission Fund Organ Flind St Peters Restricted funds Quiet Garden 1,875 1499) (1,000) (1 .376) 447 14.327 13,774 1,125 414 (1,125) (414) Burial Ground Repairs 2.099 1250) 1,849 Friend5 of St Peters Church Stained Glass Window Fund Discretionary fund Youth Work & Sunday School Social Prescribing Projecl Resilience fiind gt David,: 4.622 (4,622) 5,325 11,440) (3,885) 148 647 (97) 699 13,123 8.232 16.442 {18,379) {13,829) {7001 2.276 2,613 Church Appeal Fund Boiler fund Agency Collection The Resurre ron ChurGII i-dbric 1,210 1.210 28.468 7,209 28,468 7.209 72,250 9.401 (10.505) 71,146 121,852 65,065 35,658 22,016 129.243 Unrestricted funds General funds 214.001 454,703 {468.424} 22,016 (183) 222.113 214,001 454.703 468,424 22,016 183 222.113 Total funds 335,853 519,768 1504.082) 11831 351,356 The transfers from unrestricted lo restricted funds have arisen lo clear any deficit balances arising on any of the reslri¢ted fund balances at 31 December 2024. The transfe.r from restricted funds to unrestricted has arisen to Correct funds incorrectly Classified as restricted at 1 January 2024. 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 MOVEMENT IN FUNDS (CONTINUED) MOVEMENT IN FUNDS . PRIOR YEAR Balance al 1 January Incoming Outgoing 2023 resources resources Balance at Galnsl 31 December (Losses) 2023 Transfers Inlout Restrlcted funds St Johns Funeral Hardshlp Fund Vestments St Catherines J Senior Legacy Choir Boiler Fund Church Fabric Mission Fund Organ Fund St Petets 290 270 (2901 1270) 5,004 298 10,000 85,099 110 14,241 (5,0041 {2981 (11,8581 (65,099) (1101 1.858 86 14.327 Other restri¢fted funds 130 996 414 1.125 414 2.099 Quiel Garde Burial Ground Repdifs Friends of St Peters 2.099 4.622 4,622 Stained Glass Window Fund Discretionary fund Youth Work & Sunday School Social Prescribing Projecl St Davlds 5.325 5,325 995 {995} 351 (203) 148 28.557 32,220 {26,575) {21,079) 13,123 Church Appeal Fund Agency Collection The Resurrectlon Church Fabric 8,319 100 17,209) 7,209 1,210 7.209 71,299 951 72,250 217,009 34,264 26,178) {103,594 951 121,852 Unrestricted funds General funds 151,645 359,254 {400,492) 103,594 214.001 351,645 359,254 1400,492} 103,594 214,001 Totsl tunds 368,854 393.518 1427,2701 951 335.853 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 MOVEMENT IN FUNDS (CONTINUED) St Johns Funeral Hardship Fund - thls represents donations received Veslments - this represent donations received Sf Catherinas Choir - This represents donations received from parishioners to be used on or for the choir. Boiler Fund - This represents donations received from parishioners lo be used in relation to costs associated with the Church Boiler. Church Fabrlc - This represents donations which have been given to church for ongoing fabric cosls of St Mission Fund - This represents donations given to the church which are lo be given to specific ongoing Organ Fund -This represents donations received from parishioners to be used in relatlon to costs associated with the Church Orqan. St Peters Other restricted funds Burial Ground Repairs -This represents donations re¢eived from parishioners to be used on specific repairs to burial grounds Friends of Sl Peters Church - This represents collectlons from the congregation to be spent in relation to Friends of St Peters Church Stained Glass Window Fund - Thi5 represents collection rnade from tlie congregation to be Spent on the Stained Glass windows of churc.h Discretlonary fund . This reiiresent% collections made by parishioners lo be spent at the Discretion of Sl Peters Church Youth Vlork & sutiday School - T,*1 represenls Collecllons ap.d donations received lo be used for youth vtirk. So¢ial Prescriblng Project - This project represents funding received from the lottery Social Farm & Gardens - This represent Collections and donations received to be spent on the Gardens and specifically creation of a quiet garden Reslllence fund - This fund is for emergency works. St David's Church Appeal Fund - This represents donations and collections received to be spent in relation to Sl David's Boiler fund thi5 fund is for new boilers that are needed. Agency colle¢t5on fund - this fund is for previous agency work at the church. which is now defunct. The Resurrectlon Church Fabric - This represents investments which have been donated to church for ongoing fabfl¢ costs of The Resurrection. 23
T14E PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL MINISTRY AREA OF WEST CARDIFF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18 ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted Funds 2024 Restrlcted funds 2024 Total Funds 2024 Tangible fixed assets Fixed asset investments Current assets Ciedilors due with one year 8,484 72,067 142,762 11.2001 8,484 72.067 272,005 (1.200) 129,243 TOTAL 222,113 129,243 351,356 ANALYSIS OF NET ASSETS BETWEEN fuNDS - PRIOR YEAR Unrestricted Funds 2023 Restrlcted funds 2023 Total Funds 2023 Fixpd asset Investments C*urrenl assets reditors due with one year 72,250 142,851 11,'100) 72,250 264,703 11,100) 121,852 TOTAL 214,001 121,852 335,853 19 RELATED PARTY TRANSACTIONS There were no related party transaclions durlng the year. 24