2023-12-31-accounts - Glamorgan Heritage Coast Ministry Area

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		Page
Trustees' annual report
Independent examiner's report to the trustees
Statement offinancial	activities
Statement offinancial	position	25
Notes to the financial	statements

Year ended	Year ended	31	December 2023	December 2023
REFERENCE		AND	ADMINISTRATIVE DETAILS
Registered	charity		name	Glamorgan Heritage Coast Ministry		Area
Charity registration			number	1131490
Principal office				Ministry Area Office
				St Illtud's Church
				Church Street
				Llantwit Major
The trustees				Mr JL Robinson
				Mr EWilliams
				Mr AG Semmens
				Ms SM Evans
				Mrs LM Mumford
				Mrs MJ Sheppard
				Canon ECR Counsell
				Rev. CA Vaughan
				Mrs SEEvans
				Mr RJ Simpson
				Ms J Newton
				Rev EEStreet
				Ms PA Lancaster
				Mrs P Ayres		(resigned	26April 2023)
				Mr AV Jenkins		(resigned	1September 2023)
				Ms PM Bennett		(resigned	8September 2023)
				Ms STCopeland	Roberts	(appointed	g September 2023)
Independent		examiner		Farzana Ahmed	ACCA
				1st Floor, Tudor	House
				16Cathedral Road
				Cardiff
				CF119LJ
Ministry Area		Leader		Rev'd Canon Edwin Counsell
				The Rectory
				High Street
				Llantwit Major
				CF61 1SS
Bankers				Lloyds Bank pic

ACHIEVEMENTS AND	ACHIEVEMENTS AND	ACHIEVEMENTS AND		PERFORMANCE	PERFORMANCE
General Pattern of Sund				Services in the Minie		Area
Time		1*'Sunda			2" Sunda		3w Sunda	4aSunda			5'"Sunda
St Illtud's,		Llantwit Ma		or
8.00am		Holy Eucharist			Holy Eucharist		Holy Eucharist	Holy Eucharist
9.30am		Holy Eucharist &			Holy Eucharist		Holy Eucharist	Holy Eucharist		&	MA Service at
		online			&online		&online	online			any one ofthe
											12Churches
StJames',		Wick
11.00am		Morning	Prayer		Holy Eucharist		Holy Eucharist	Holy Eucharist			MA Service at
											any one ofthe
											Churches
Ewenn	Prie, Ewen
9.30am		Holy Eucharist			Holy Eucharist		Holy Eucharist	Holy Eucharist			MA Service at
											any one ofthe
											Churches
StGiles',	Gileston
9.30am		Holy Eucharist					Morning				MA Service at
							Prayer				any one ofthe
											Churches
St Michaels, Llanmihan				el
9.30am		Holy					Morning				MA Service at
		Eucharist					Prayer				any one ofthe
											Churches
StCa		's, Llanmaes
11.00am		Holy Eucharist			Holy Eucharist		Holy Eucharist	Morning	Prayer		MA Service at anyone ofthe
											Churches
St Brid et's St Br'ides				Ma or
11.00am		Holy Eucharist			Holy Eucharist		Holy Eucharist	Holy Eucharist			MA Service at
											any one ofthe
											Churches
StTathan		StAthan
11.00am					Holy Eucharist			Holy Eucharist
3.00pm		Cafe church&					Treasure				MA Service at
		Bible Study					Seekers/Eco				any one ofthe
							Church				Churches
St Donate		St Donate
11:15am		Prayer &		Praise	Holy Eucharist		Meet, Greet &	Prayer &Praise			MA Service at
							Eat				any one ofthe
											Churches

Year ended 31	Dec	ember	2023
				2023			2022
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total funds	Total funds
		Nots	6	6		K	E
Income and endowments
Donations and legacies		4	183,359	7,549		190,908	222,138
Charitable activities		5	13,329	9,352		22,681	22,700
Other trading activities Investment income		6 7	25,800 17,607	2,472 620	2,786	28,272 21,013	36,031 22,356
Other income		8	35,327	506		35,833	145,629
Total income			275,422	20,499	2,786	298,707	448,854
Expenditure
Expenditure on raising funds:
Costs ofother
trading activities		9	6,596			6,596	6,448
Expenditure on charitable activities		10,11	292,534	53,937		346,471	377,079
Other expenditure		13	3,419	96		3,515	984
Total expenditure			302,549	54,033		356,582	384,511
Net gains/(losses)	on
investments		14	(3,642)	1,084	6,218	3,660	(60,788)
Net (expenditure)/income			(30,769)	(32,450)	9,004	(54,215)	3,555
Transfers between	funds		30,191	(27,405)	(2,786)
Net movement in	funds		(578)	(59,855)	6,218	(54,215)	3,555
Reconciliation offunds
Total funds brought	forward		480,768	235,829	111,463	828,060	824,505
Total funds carried forward			480,190	175,974	117,681	773,845	828,060

31 Decemb	er 20	23
				2023	2022
			Note	6	6
Fixed assets
Investments			19	349,435	345,298
Current assets
Stocks			20	1,773	1,783
Debtors			21	5,726	4,623
Cash at bank	and in	hand		438,049	484,429
				445,548	490,835
Creditors: amounts		falling due within one year	22	(21,138)	(8,073)
Net current	assets			424,410	482,762
Total assets	less current liabilities			773,845	828,060
Net assets				773,845	828,060
Funds ofthe charity Endowment funds				117,681	111,463
Restricted funds				175,974	235,829
Unrestricted	funds			480,190	480,768
Total charity	funds		23	773,845	828,060

Donations and legacies	Donations and legacies	Donations and legacies
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2023
						6	F
Donations
Planned Giving Loose Collections						83,251 29,383	2,371 330	85,622 29,713
Donations						27,945	3,123	31,068
For Mission						349		349
Tax Refunds						32,404	415	32,819
Legacies Legacies						1,000	1,000	2,000
Grants
St Mary's:
Benefact Trust
St Tathan's:
StAthan Community			Council
StJames'.
Wick Community		Council
Listed Places ofWorship Grant Scheme
Representative	Body		ofthe Church		in Wales
St llltud's:
Headley Trust
MADL
StDonat's:
Welsh Church	Act Fund
Allchurches Trust
RBFabric Repair		Fund
Listed Places ofWorship Grant Scheme
StCattwg's:
Commonwealth	War		Graves Commission			30	10
StGiles:
StAthan Community			Council				300	300
Listed Places ofWorship Grant Scheme						643		843
Holy Trinity:
Listed Places ofWorship Grant Scheme
Padsh Office:
Llandaff Diocese		independent		Exam Grant		1,000		1,000
Administration	Grant					4,000		4,000
StBridget's:
SBCommunity Council Vale of Glamorgan Council						200 4,154		200 4,154
						183,359	7,549	190,908

Ye	ar ended 31 December	ar ended 31 December	ar ended 31 December	2023
4.	DOnatianS and legaCieS			feontineed)
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
							F	F
	Donations
	Planned Giving Loose Collections						76,347 25,773	723 269	77,070 26,042
	Donations						34,581	12,469	47,050
	For Mission						871		871
	Tax Refunds						31,469	422	31,891
	Legacies Legacies						6,000		6,000
	Grants
	St Mary' s:
	Benefact Trust						1,500		1,500
	St Tathan's:
	StAthan Community			Council				400	400
	StJames':
	Wick Community Council Listed Places ofWorship Grant				Scheme		50	156	50 156
	Representative	Body		ofthe Church		in Wales
	St llltud's:
	Headley Trust
	MADL
	St Donat's:
	Welsh Church Act Fund
	Allchurches Trust
	RBFabric Repair Fund Listed Places ofWorship Grant				Scheme		3,000 5,973		3,000 5,973
	StCattwg's: Commonwealth	War		Graves Commission				10	10
	StGiles:
	StAthan Community			Council				300	300
	Listed Places ofWorship Grant				Scheme			20,082	20,082
	Holy Trinity: Listed Places ofWorship Grant				Scheme		743		743
	Parish Office:
	Llandaff Diocese		Independent		Exam Grant		1,000		1,000
							187,307	34,831	222,138

Charitable activities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
				6
Sale ofgoods/services activities	as part of direct charitable	13,329	9,352	22,681
		Unrestricted	Restricted	Total Funds
		Funds	Funds 6	2022 f
Sale ofgoods/services activities	as part ofdirect charitable	8,099	14,601	22,700

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
Fundraising Shop income	events	21,522 4,278	2,472	23,994 4,278
		25,800	2,472	28,272
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
			F
Fundraising	events	25,768	5,742	31,510
Shop income		4,521		4,521
		30,289	5,742	36,031

f the Church in Wale maintenance.	efice receives re	ntal income	and has resp	onsibility for
	Unrestricted	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	2023
	F		E
Income from investment properties Income from listed investments Bank interest receivable	8,500 5,825 3,282	477 143	2,786	8,500 9,088 3,425
	17,607	620	2,786	21,013
	Unrestdicted	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	2022
		E
Income from investment properties Income from listed investments Bank interest receivable	10,800 8,803 347	25 149	2,232	10,800 11,060 496
	19,950	174	2,232	22,356

Other	income
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		E
Other	income	35,327	506	35,833
		Unrestdicted	Restricted	Total Funds
		Funds	Funds	2022
			E	E
Other	income	8,139	137,490	145,629

Costs	ofother trading	activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			E	E	E	E
Costs costs	ofother trading	activities - Shop	1,509	1,509	1,437	1,437
Costs events	ofmoney raising	- Staging	5,087	5,087	5,011	5,011
			6,596	8,596	6,448	6,448

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
			6	6
Support for Ministry Parish Running Costs Church Property Missions		147,600 32,647 90,202 18,605	431 53,506	147,600 33,078 143,708 18,605
Support	costs	3,480		3,480
		292,534	53,937	346,471
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		K	E	6
Support for Ministry Parish Running Costs Church Property Missions		127,267 30,515 56,008 26,413	2 104 133,290	127,269 30,619 189,298 26,413
Support	costs	3,480		3,480
		243,683	133,396	377,079

Expendit	on	vities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly K	costs E	2023 6	2022
Support for Ministry Parish Running Costs Church Property Missions		147,600 33,078 143,708 18,605		147,600 33,078 143,708 18,605	127,269 30,619 189,298 26,413
Governance	costs		3,480	3,480	3,480
		342,991	3,480	346,471	377,079

Analysis of
support costs F	Total 2023 6	Total 2022 E
3,480	3,480	3,480

13.	Other expendi	ture
									Unrestricted	Restricted	Total Funds
									Funds	Funds		2023
									E.	E		E
	Other expenditure								3,419	96		3,515
									Unrestncted	Restricted	Total Funds
									Funds	Funds		2022
									F	F		F
	Other expenditure								850	134		984
14.	Net gains/(losses)		on investments
							Unrestricted		Restricted	Endowment	Total Funds
								Funds	Funds	Funds		2023
								E	F			E
	Gains/(losses)	on listed investments						(3,642)	1,084	6,218		3,660
							Unrestricted		Restricted	Endowment	Total Funds
								Funds	Funds	Funds		2022
								E		E
	Gains/(losses)	on listed investments					(45,595)		(2,023)	(13,170)		(60,788)
15.	Independent	examination		fees
										2023		2022
										E		E
	Fees payable Independent	to the independent examiner for: examination ofthe financial statements								3,480		3,480
16.	Staff costs
	The total staff	costs	and employee			benefits for		the reporting period are		analysed as 2023	follows: 2022
												E
	Wages and salaries Social security costs									15,849 932		13,913 706
										16,781		14,619
	The average	head count		of employees			during	the year	was 1 (2022:	1).The average		number of
	full-time equivalent		employees		during		the year	is analysed as follows:		2023		2022
										No.		No.
	Number ofstaff - admin									1		1

Investments
	Cash or cash	Listed
	equivalents	investments	Total
Cost or valuation At 1 January 2023 Additions	491 477	344,807 830	345,298 1,307
Disposals Fair value movements	(830)	3,660	(830) 3,860
At 31December 2023	138	349,297	349,435
Impairment
At 1January 2023 and 31 December 2023
Carrying amount At 31December 2023	139	349,296	349,435
At 31 December 2022	492	344,807	345,298

				2023 F	2022 f
Raw	materials	and	consumables	1,773	1,783

21.	Debtors
							2023	2022
							E
	Prepayments Other debtors	and accrued income					452 5,274	4,623
							5,726	4,623
22.	Creditors: amounts		falling due within one		year
							2023	2022
							E	E
	Accruals and	defened	income				21,138	8,073
23.	Analysis ofcharitable funds
	Unrestricted	funds	At 1				Gains and	At 31
			Jan 2023	Income	Expenditure	Transfers	losses	Dec 2023
				E	E	E		F
	General funds		480,768	275,422	(302,549)	30,191	(3,642)	480,190
			At 1				Gains and	At 31
			Jan 2022	Income	Expenditure	Transfers	losses	Dec 2022
	General funds		E 514,490	E 253,784	F (250,981)	F 9,070	F (45,595)	E 480,768

Restricted funds		At				Gains and	At 31
	1 Jan 2023		Income	Expenditure	Transfers	lossesf	Dec2023 5
St Illtud's Church, Llantwit Access		Major: 729					729
Cowethas Peran
Sans		246
Friends ofSt llltud's Toddler Group Galilee Account Churchyard Chancel Repair Youth Project		14,705 159 18,883 16,953 3,135 2,603	977 100 6,279 78	(5,534) (234)		176	15,882 159 18,983 17,700 3,389 2,369
StCattwg's Church, Churchyard	Llanmaes: 2,137		160	(13)			2,284
Restoration I Maintenance		23,303	1,606	(19,455)			5,454
StJames' Church, Wick: Restoration Churchyard Youth Work		250 5,947 2,143	3,552 2,057	(5,399) (274)			3,802 2,605 1,869
Friends ofSt James'		725	1,095				1,820
StTathan Church, StAthan: Churchyard 2,318 Bells &Tower 20,202			2,602 388	(4,116)			804 20,590
St Giles' Church, Gileston: Cemetery Alexander Fund		1,505 20,082	300		(20,082)		1,805
St Donat's Church, StDonat's: Churchyard 5,504					938		6,442
Holy Trinity Church, Churchyard	Marcross:			(440)	440
StMary's Church, Monknash: Churchyard 21,671 Chancel Repair 5,232						13	21,671 5,250
St Michael's Church,	Llanmihangel:
Churchyard Restoration		272 10,780	609	(2)	(272) (11,387)
Ewenny Priory: Churchyard Legacy Fund		6,340 12,611		(120)			6,220 12,611
StBriidget's, StBrides Major
&All Saints, Southerndown: Chancel Repair 15,852						895	17,141
Parish Office:
Alexander Fund		21,542		(18,495)	(3,047)
Canolfan llltud				49	(49)
StMichael's Churchyard			47		272		319
St Iillichael's Restoration			250		5,780		6,030
		235,829	20,499	(54,033)	(27,405)	1,084	1'75,974

At 1 Jan 2022 F	Income 2	Expenditure F	Transfers	Gains and losses 5	At 31 Dec 2022 5
St Illtud's Church, Llantwit Major: Access 729					729
Cowethas Peran
Sans 246
Friends ofSt llltud's 13,982 Toddler Group 159 Galilee Account 18,883 Churchyard 8,397 Chancel Repair 3,432 Youth Project 2,603 Legacy Funds 1,831	723 7,075 23	(170)	1,651 (1,674)	(297) (180)	14,705 159 18,883 16,953 3,135 2,503
StCattwg's Church, Llanmaes: Churchyard 5,456	2,172	(5,491)			2,137
Restoration ) Maintenance 17,259	6,088	(44)			23,303
StJames' Church, Wick: Restoration 258 Churchyard 5,872 Youth Work 2,247	187 1,950	(936) (1,875) (104)	741		250 5,947 2,143
Friends ofSt James' 113	1,353		(741)		725
StTathan Church, StAthan: Churchyard 777 Bells &Tower 19,325	5,690 877	(4,149)			2,318 20,202
St Giles' Church, Gileston: Cemetery 7,858 Alexander Fund	465 20,082	(635)	(6,183)		1,505 20,082
St Donat's Church, StDonat's: Churchyard 6,217	374	(1,100)			5,504
Holy Trinity Church, Marcross: Churchyard Legacy Fund 204		(480)	480 (187)	(20)
St Mary's Church, Monknash: Churchyard 22,371 Chancel Repair 253	702 5,000	(1,402)		(21)	21,671 5,232
St Michael's Church, Llanmihangel: Churchyard 272 Restoration 9,002	1,780	(2)			272 10,780
Ewenny Priory: Churchyard 6,852 Legacy Fund 12,489 StBridget's, St Brides Major	208 122	(720)			6,340 12,611
a All Saints, Southemdown: Chancel Repair 17,357				(1,505)	15,852
Parish Office: Alexander Fund	134,964	(113,422)			21,542
Canolfan llltud	3,000	(3,000)
184,444	192,838	(133,530)	(5,900)	(2,023)	235,829

Endowment funds
	At				Gains and	At 31
	1Jan 2023	Income 6	Expenditure F	Transfers 6	losses F	Dec2023 6
Permanent Endowment	Funds:
St Donat's Church, St Donat's RH Thomas Trust 103,223		2,580		(2,580)	5,758	108,981
Mrs JP Lloyd
Testamentary
Trust
StCattwe's Church,	Llanmaes
Miss Richards' Bequest	8,240	206		(206)	460	8,700
	111,463	2,786		(2,786)	(6,218)	117,681
	At				Gains and	At 31
	1 Jan 2022	Income	Expenditure	Transfers 6	losses 6	Dec 2022 6
Permanent Endowment	Funds:
StDonat's Church, St Donat's RH Thomas Trust 115,325		2,055		(2,055)	(12,102)	103,223
Mrs JP Lloyd
Testamentary Trust	1,040	13		(951)	(102)
StCattwe's Church,	Llanmaes
Miss Richards' Bequest	9,206	164		(164)	(966)	8,240
	125,571	2,232		(3,170)	(13,170)	111,463

Analysis ofnet as	sets between	funds
		Unrestricted	Restricted	Endowment	TotalFunds
		Funds	Funds	Funds	2023
		F	E		8
Investments Current assets Creditors less than	1 year	210,973 278,095 (8,878)	20,781 167,453 (12,260)	117,681	349,435 445,548 (21,138)
Net assets		480,190	175,974	117,681	773,845
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2022
		f	E	E	8
Investments Current assets Creditors less than	1 year	214,615 274,226 (8,073)	19,220 216,609	111,463	345,298 490,835 (8,073)
Net assets		480,768	235,829	111,463	828,060

Operating lea	se commit	ments
The total future	minimum	lease payments	under non-cancellable	operating	leases are as follows: 2023 2022
					F
Not later than 1 year Later than 1 year and not		later than 5years			1,896 2,370	1,896 4,266
					4,266	6,162