CHARITY REGISTRAnoN NUMBER.. 1133596
Rectorfal Benefice of Cwmbran Parochial Church Council
Unaudited Financial Statements
31 December 2023
JONATHAN RHODES BSC BFP FCA
Chartered accountants
Walter Hunter & Co Limited
Chartered Accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Rectorial Benefice of Cwmbran Parochial Church Council
Financial Statements
Year ended 31 De¢ember 2023
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
100
The following pages do not form part of the flnancial statements
Detailed statement of financial activities
23
Noles to the detailed statement of financial activities
28

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report
Year ended 31 December 2023
The Ifustees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2023.
Reference and administrative detalls
Rggistered charity name
Rectorial Benefice of Cwmbian Parochial Church Council
Charity registration numbor
1133596
Prlncipal
The Rectory
Clomendy Road
Cwmbran
Torfaen
NP44 3LS
Tho trusta•s
Ronnie Burnett
Valerie Hazel Evans
Rev Sue Hobbs
Keiron Jason Jones
Rev Elisabeth Kerl
Helen Neat
Rev Karin Pardoe
Rev Nicholas C Perry
Stephen Shand
Therese Smith
Beryl Rhiannon Wakling
Milica Fertan
William A Wright
Ngil Preece
Jonathan A Kerl
Brenda Jones
Joe Cheslerman
Myfanwy Bowen
Angela O'Brien
John Ferran
Doreen Lynch
Kathryn Ome
Jane Povey
Rev Wendy Tayler
Anlhea Wellington
Ken Jacob LLM
(Resigned 27 April 20231
(Resigned 23 May 20241
(Resigned 23 May 20241
(Appointed 27 April 20231
{Appoinled 27 April 20231
(Appointed 27 April 2023}
(Appointed 27 April 2023)
(Appointed 27 Aplll 20231
Indepondont 8xaminor
Mr Jonathan Rhodes Bsc BFP FCA
Wallgr Hunter & Co Limilgd
Chartered Accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report Iconbnuodj
Year ended 31 December 2023
Strueture and governan¢o
The Rectorial Benefice of Cwmbran is a grouping ol seven churches in the Deanery of Pontypool,
part of the Diocese of Monmouth in the Anglican province of the Chureh in Wales. It comprises of
All Saints Llanfrechla, Holy Trsnity Ponlnewydd, Sl Gabriel Cwmbran. Sl Mary Croesyceiliog, Sl
Michael and All Angels Llanlarnam. St Peter Henllys and the Worship Centre Henltys.
The Reclorial Benefi¢e of Cwmbran is known wf¢hin the Church of Wales as The Cwmbran
inislry Area.
The Representative Body of the Church in Wales holds the land and propety of the Church in
Wales, they are an exempt Charity set up under Section 13121 of the Welsh Churches Act 1914.
They act on behalf of the province in paying the stipends of the fu114ime clergy and administering
the Church in Wales, scheme of gift aid.
The Ministry Area Council act as Paf¢xhial Church Council and Charity Trustees for the entire
Ministry Area. It is not a body corporate, and its composition, Pr￿edUre and powers are regulated
by the Constslution of the Church in Wales.
The clergy team consists of the Ministry Area Leader {Rev'd Nick Peryl,. stipendiary Team Vicars
(Retrd Elizabeth Kerl and Revd Wendy TayleTI", Iwo non-sb"pendiary priests (Rev'd Sue Hobbs
and Retyd Karin Pardoel,. throe Licensed Lay Minister (Susan Atwell LLM Ken Jacob and Terr
Smith LLM.
The Ministy Area is also supported by several retired priests who have Pemiission to Officiate in
the Dilxese of Monmouth and live within the Ministry Area,
The Ministry Area Treasurer is Mr John Ferran. The Acting Ministry Afea Secfetary is Rev'd
Elizabeth Kerl. The Benefi¢e Wardens are Mr Slephon Shand {Rectorfs Warden) and Mr Keiron
Jone5 IPeople's Warden)
On January 29th 2023, the R￿tOrIal Benefice of Cwmbran was foimally commissioned as a
Ministry Area by the Rt Rev'd Cherry Vann, eishop of Monmouth.
Summary
2023 gaw encouraging signs of growth in most of the congregations.
The 'Cosl of Living Crisis, and the 'Fuel Crisis, has placed a significant impact on the finances of
the charity. One of the most significant out-goings of the Ministry Area is the payment of thg Parish
Share lo the Province of the ChurGh in Wales and is a rnajor burden lo local congregations. The
Representative BcKly of the Church in Wales endeavoured lo support local parishes w((h a support
for utilities during 2023. However, it Is without doubt the hard work of the officers, and 9enerosty
of the eongTegations within the Ministry Area, which has enabled us to meet all our financial
obligations.
The Diocese changed Ihg way the Share would be calculated. This means the Diocese
establishes a budget by the Diocese which then has lo be allocated by the Ministry Area Council
(MACI. 11 has been tlecided by the current MAC to look in to alternativ8 methods of calculating
ea¢h Congregation's Share allocation.
Governancg during this period Changed slightly, in that the Diocese encouraged the MAC to
appoint a Covchair lo work alongside the Ministry Area Leader as Co-chair of the MAC.
The Reclorial Bonefice of Cwmbran Ministry Area is a registered Charty whose purposes are
exclusively lor the public benefit.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees. Annual Report (Cl￿tinued)
Year ended 31 December 2023
ObjeGtiVg8. activites and achlevements
During the 2023 period, most of the Congregations experience atrophy through death among the
membership.
During the 2023 peri￿. many of our Congregations also eXperIen￿d an increase in new
attendances.
Funerals continue al a high level throughout 2023. Weddings cancelled during the Pandemic were
happity rescheduled for 2022 - 2025. There are already dates for wedding beyond 2025. Wedding
Blessing that were arranged fo¥ 2022 have also been rescheduled for 2023 - 2025 and there
appears lo be an increase in requests for wedding blessin9s. Baptisms Continue lo be constant.
Funerals normally held in the Church had decreased dramalKalty, but continue to show healthy
Signs of recovery.
Most Chuiches have engaged in some fomi of Fundraising in 2023, and this is something the
ChLtrches will need to continually improve.
2023 has seen a general recovery in hall use. Those Churches with a Hall have engaged in s¢yne
fom of renovation during this period.
The Ministry Area acts'vely supports Henllys Church in Wales Primary School with Rev'dElvzabelh
Kerl. Ponlhir Church in Vvales Primary School is actively supported by Rev'd Wendy Tayler.
Non-failh schools continue lo be supported by the clergy and others, ecumenie81 alliances and
Open the Book.
All clergy have additional responsibilities other than th&ir Churches.
The Ministry ATea has continued lo support tharitable causes among which are Ravenhouse.
Croesyceiliog and Llanlarnam foodbanks, Mission lo Seafarers, Leprosy Mission, the Archbishop's
fund for Children and others.
Throughout the benefice, Churches are trying lo explore new ways in which a connection btheen
Church and Community can be forged and enhanced. Consequently, Churches have
established..
Coffee and Craft
Tea and Toast
Warm Hubs
Chocolate Church
Funky Fridays
Social events
MKlweok Se￿￿e5, prayer meetings, bible studies, occasional offices, gui￿$ and Church societies
ontinue.
Healthy relationships are continued to be fostered with the Communty Councils. Most nOtI￿ablY.
Sl Mary's Church Croesyceiliog and Llanyravon CommLsnity Council have begun to work far more
ck)sely than in previous years.
The main coneem of the Trustees during this penod is to improve ￿MMunication in all aspects of
church lrfe, whi¢h 18 an Ong￿ng issue which we continue lo monttor.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees, Annual Report (contlnuedj
Year ended 31 December 2023
Maln obj9Ctives
The Main objectnies of the Ministry Area continue lo be..
The provision of seNices of worship, bibles, studies, prayer meetings.
The provision of Occasional setvitss ineluding weddings, Bapli$ms and fijnerals.
Pastoral cafe to those within the Ministry Area who have need.
The promotion ol the Christian Gospel as interpreted by the Anglican Church.
Active pa￿'CipatIon in the community and the continued development of civic links.
The maintenance and development of activities in the Church Schools and, where possible. in
non-faith schools.
Participation in Charitable events and other causes consistent wfth the teachings of the Anglican
Church.
Funding ar￿ irnplemenling maintenance and repairs lo Church Buildings and Churchyards.
Financial review
A NSI Bond of £15,000 is held by the Benefice.
Total income including tax recovered from HMRC in respect of the unrestricted lunds was £187.131
{2022: £137,444} and restricted funds was £36,324 12022.. £20,5331, a total of £223,455 12022..
£157,9771. In addition lo Ihk8 income were the transfer of assets of the inclusion of All Saint5 church
into the benefi¢e. This raised the income by an additional £67.803 unrestricted and £28,641 restricted
income.
£282,585 12022-. £165,720) was spent to prowde the Christian ministry in the Benefice including the
contribution lo the diocesan parish share {thal largely provides the stipends and housing for the
clergyl- This includes excepkn'onal building costs for All Saints, Llantsrnam of £21,909.
There was a profft of £57,1171202210ss'. £47,222) of income over expenditure including a net gain on
inveslmenls.
Res6Nes poll¢y
The PCC policy is to relain sufficient funds centrally including the bond of £15,000 as a buffer a9ainsl
unforeseen circumstances or should a church make a late payment in their Share. Thus. in the latter
event, enabling the Share lo be paid on time so as to relain the relevant discount.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees, Annual Report
Year ended 31 December 2023
sk. revlew and challenges
The Ministry Are8 Council con*'nues lo be responsible for ensuring that reviews of all major
risks are conducted and that wherever possible systems have been established to mitigate
these risks. The risks facing the Charity include the slalg of repair of the churches,
churchyards, church halls snd the financial requirements to meet ils staled activities. Each
local church is encouraged lo conduGt a review of ils own risks and this is per1¢￿ICallY an
agenda item for the Ministry Area Council.
Thg Ministry Area has adopted the Church in Wales Safeguarding Policy. And Safeguarding
officer8 are appolnled lo each Congregation.
The main challenge to the Ministry Area and to all the Churches. is the finanees. 11 has been
encouraging to see Churches improve their halls lo maximise income, rewew expenditure,
encourage gThiing. The 'Pandemic', the 'Cosl of Living Crisi$', the 'Fuel Crisis, has stripped
many of the Churches of much of Ihair r95¢rve income, which presents a significant issue.
There have been no serious incidents or Safeguarding issues or othef matters relating to this
charity over the previous financial yeaf.
There have been several referrals lo the Diocesan Deliverance Ministry. which worts closely
with the Provincial Safeguardin9 Departmonl.
Fabric
Three of the seven churches in the ministry 8rea are listed buildings Holy Trinity ChU￿h
Ponlne%￿dd, Sl Mtchael and All Angels. Llanlamam and Sl Peter, Henllys are Grade 11 Listed.
Each kxal church cong￿gation is encouraged to carry out regular inspections and maintenance
as required.
QLfinqLiennial inspections are cafried out by qualified arcthilects appointed by the Diocese.

Rectorial Benefice of Cwmbran Parochial Church Council
Trustees, Annual Report (conllnu¢dJ
Year ended 31 December 2023
Ststement of responsibilities of the trnstees
The charity's trustees are responsible for preparing the Tiuslees Annual Report and Iho financial
stslements in accordance with applicable law and United Kingdom Accounting Standards (United
ngdom Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the Insstees to prepare financial
slatgmenls for each financial year that give a true and fair view of the slate of affairs of the charity and
of the incoming resources and applrcatiofi of resources of the charity for that period. In preparing these
financial statement5, the Iruslees are required to:
select suitsble accounling policies and then apply them consistently-
observe the methods and principles in the Charities SORP..
makejudgemenls and estimates that are reasonable and Prudent..
slate wheth¢r applicable xcounling standards have been followed, subject to any malefial
departures disclosed and explained in the fina￿la1 slalements-,
prepare the financial statements on the going concern basis unless il is inappropriate to presume
that the charity will continue in operation.
The Iruslees are responsible for keeping proper accounting records that disclose wrth reasonable
accuracy at any lime the financial position of the charity and enable them lo ensure Ihal the financial
slalemenls comply with their duty in section 17151 of the Charities Act 2011 and have due regard for to
guidance published by the Charity Commission. The trustees are also responsible for.'-
safeguarding the assets of the ¢harily and hence taking reasonable steps for the
prevention and deledion of fraud and other irregularities, and
where appropriate maintaining the integrity of the financial information included on the charty's
website in line wrth United Kingdom legislalK)n.
The Iruslees, annual report was approved on 30 October 2024 and signed on behalf of the board ot
trustee$ by=
OJ J29L-
Rev Nichoks C Perry
Trustee
John FeThan
TTUStee

Rectorial Benefice of Cwmbran Parochial Church Council
Statsment of Financial Activities
Year ended 31 December 2023
rep)rt to the trustees on my examination of the financial statements of Rectorial Benefice of
Cwmbran Parochial Churth Council {'the charity'l for the year ended 31 December 2023.
Responslbllitles and basis of rgport
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011{'the A¢VI.
I report in respect of my examination of the Trustee's accounts carried out under section 145 of the
2011 Act and in Carrying out my examination I have followed all the applicable Directions given by the
Charty Commission under Section 14515)Ibl of the 2011 ACL
Independent Bxamlnerfs statement
Since the charity's gross income eX￿ded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. l Confirm that l am qualified to undertake the examination
because l am a member of the Instilule of Chartered Accountants in England and Wales {ICAEW),
which is one of the listed bodies.
I have completed my examination. l Confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect.
accounting re¢ords were not kept in respect of the Charity as required by section 130 of the ￿.
or
the accounts do not accord with those records, or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Chaiities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair view which is not a matter considered a5 part
of an independent examination.
I have no concems and have come across no other matters in connection with the examination lo
which attention should be drawn in this reFJOrt in order io enable a proper understanding of the
accounts to be leached.
Mr Jonathan Rhodes Bsc BFP FCA
Independent Examiner
Waller Hunter & Co Limited
Chartered Accountsnts
24 Bridge Street
Newport
South Wales
NP20 4SF
The notes on pagm 10 to 21 form part of these financlal 8tat•m•nts.

Rectorial Benefice of Cwmbran Parochial Church Council
ststement of Financial Activities
Year ended 31 December 2023
2023
Restricted
funds Total funds Totsl funds
2022
unreStr￿ted
funds
Income and endowments
Donations and legacies
Charitable activities
Oiher fundraising activities
Investrnenl income
Other income
132,076
35,167
16,635
3,253
87,803
254,934
22,167
2,607
2,304
9.246
28,641
154,243
37,774
18,939
12.499
96.444
100,723
38,511
11,424
7,319
Total income
64,965
319.899
157,977
Expendlture
Expenditure on charitable activities
Total expendlture
248,832
33,753
282.685
165,720
248,832
33,753
282.585
165.720
Net gainslllossesl on investments
19,803
19,803
139,479}
Net incomellexpenditurn) and net
movament In funds
6.102
51,015
57.117
{47.2221
Raconciliatlon of funds
Total funds brought lorward
Total lunds canled forward
110,830
437,084
488,099
547,914
595,136
116,932
605,031
547.914
The stslernent of financial adivilies includes all gains and losses recognised in the year.
All income and 8xpendityre derive frorn continuing adivities.
The noto5 on pages 10 to 21 fonn part of th￿8 financial staternents.

Rectorial Benefice of Cwmbran Parochial Church Council
Statement of Financlal Posltlon
31 December 2023
2023
2022
Note
Flxed assets
Fixed Asset Investments
13
407.227
365,498
Currgnt as$9ts
Current Investments
Cash al bank and in hand
14
15,000
217,057
232,057
15,000
191,436
2Cfi.436
Cr9dltOT5: amounts falling duè within one year
Net current assets
15
34.253
24,020
197.804
182,416
Totsl assets18ss current Ilabllitl8s
605,031
547,914
Net assets
605,031
547.914
Fvnds of the charlty
Rgsliicted funds
Unrestrided funds
488,099
116.932
605,031
437,084
110,830
Total charity funds
16
547,914
These financial statements were approved by the board of Iruslees and aulhorised lor issue on 30
October 2024, and are signed on bohalf of tho board by..
Rev Nicholas C Perry
Truste
John Ferran
Trustee
Th• notes on pag96 10 to 2110￿ part ol these flnan¢lal statsrnents.

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Flnanclal Statements
Year ended 31 December 2023
Accounting Policies
General inlorniation
The charity is a publK benefit entity and a registerod charity in England and Wales and is
unincorporated. The address of the principal office is Rectorial Benefice of Cwmbran PCC, The
Rectory, Clomendy Road. Cwmbran. Torfaen, NP44 3LS.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with th8
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charrtie8
SORP IFRS 10211 and the Charities Act 2011.
Accounting policiey
Basls of preparatlon
The financial slalemenls have been prepared on the historical cost basis, a5 modified by the
revaluation of fixed asset investments.
The financial slalemenls are prepared in stefling. which is the functional currency of the entty.
The figures in the financial slalements are rounded to the nearest whole pound.
Wlndlng up or dlssolutlon of the charlty
There are no material uncertainties about the charity's 8bilrty to continue as a going concern. If
upon winding up or dissolution of the charity there remains any assets, after the satisfaction of all
debts and liabilities, the assets represented by the accumulated fund shall be transferred to
some other charitable body or bodies having similar objects lo the charity. Since March 2020 the
Covid-19 pandemic has seriously affected the UK 9enerally. We have taken all necessary steps
lo combat the effects of the virus and lo ensure that the charty is able lo continue lo operate.
Di$clo$ure exemptions
The entity satisfies the criteria of being a qualtying entity as defined In FRS 102. As such,
advantage has been taken of the following disclosure exempl￿￿8 available under paragraph
1.12 ofFRS102
la) No cash fl¢￿ stslemenl has been presented for the charity.
Judgements and key sources of estlmation uncertainty
The prepar*ion of the financial statements requires management to make judgements,
estimales and assumptions that affect the amounts reported. These eslimales and judgements
are conlinualty reviewed and are based on experience and other factors, including expectations
of future events that are believed lo be reasonable under the circumstances.
Income tsx
As 8 regisl¢r9d charty. the charity is exempl from income tax lo the extent that ils incorn6 and
gains are applicable lo ¢harilable purposes only. Value added lax 15 not recoverable by the
charity and is therefore included in the relevant costs in the Statement of Financial Aclivilies.
10

Rectorial Beneflce of Cwmbran Parochial Church Council
Notes to the Financial Statements {conthiuedJ
Year ended 31 December 2023
Accounting Policies
Fund accounting
Unreslricled funds aro available for use al the discretion of the Itustees to further any of the
charity's purposes.
Oesignaled fvnds are unreslricled funds earmarked by the trustees for particular future project or
commitment.
Reslricled funds are subjected to restrictions on their expenditure as declared by the donor OT
through the terms of an appeal.
Incomlng resources
All income is included in the stalernenl of financial activities when entillemenl has passed to the
haiity, it is probable that the econcxmic benefits associated with the transaction will flow lo the
ha¥ity and the amount can be reliably measured. The following specific policies are appl￿d to
particular c*egories of income".
income from donations or grants is recognised when there is evidence of entilFemenl to the
gTrl, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entillemonl is established.
income from donated goods is measured al the fair value of the goods unless this is
impractical to measure rt reliably. in which ease the value is derived from the cost lo the
donor or the estimated resale value.
Donated facilities and semces are recognised in the acwunls when receNed ifthe value
can be reliabty measured. No amounts are included for the contribution of genefal
volunteers.
income from contracts for the supply of setvices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a conlraclual
requirement for (( lo be spent on a particular purpose and ielurned rf unspent, in which case
f( may be regaided as ieslricled.
Recognition of Llabllltles
Liabilities are recognisod on the acctuals basis in accordance with normal accounting principles.
11

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Ststements {conthu8dJ
Year ended 31 December 2023
ReSoU￿eS expendgd
Expenditure is reeognised on an 0￿rualS basis as a liability is incurred. Expendi(ure includes any
VAT which cannot be ful￿ recovered, and is elassified under headings of the statement of
financial activities lo which il relates..
expenditure on rai%ing funds in¢lutJe$ the costs of all fundraising activrties. events, non-
harrtable trading actpiities. and the sale of donated goods.
expenditure on charitsble activities includes all costs incurred by a charity in undertaking
livities that further its charitable aims for the benefit of rts beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to eharilable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
harity nor part of its expenditure on Charitable activities.
All costs ale allocated to expenditure categories ￿￿￿ting the use of the resource. Direct costs
attributable to a single acliwty are allocated directty lo that activity. Shared costs ore apportioned
betsveen the activrties they contribute lo on a reasonable. justifiable and consistent basis.
Donatlons and legacies
Unrestricted
Funds
Reslricled Total Funds
Funds
2023
Planned giving
Loose collections
Grft Aid
Missionlworld Church Contributions
Donations
Legacies
Grants
54.324
32,117
21,905
341
11,755
2,530
9,104
120
32,117
21,905
341
13,186
2,530
29,720
154,243
1,431
20,616
132,076
22,167
Unreslrided
Funds
Restricted Totsl Funds
Funds
2022
Planned gniing
Loose Collections
Gbft Aid
Mission￿Orld Church Contributions
Donations
Legacies
Grants
28,079
31,765
22,260
469
10,176
28,079
31,765
22,260
469
12,250
3,000
2,900
2,074
3,000
2,750
50
92,899
7,824
100.723
12

Rectorial Benefice of Cwmbran Parochial Church Councll
Notes to the Financial Statements (¢onth¢rttt)
Year ended 31 De¢ember 2023
Charltablo actlvltles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Sl Gabriels Serv￿ fees
Sl Michaels service fee5
St Marys seNice fees
st Peters serV￿e fees
Hoty Trinity service fees
All Saints setvice fees
Sl Gabriels hall rental
Sl Mi¢haels hall hire
Sl Marys hall Hire
1,945
3,808
1,604
2.314
4,083
4,058
4,292
7,383
5,680
1.94S
3.808
1.604
2,314
6.514
4.234
4,292
7.383
5,680
37,774
2.431
176
35,167
2,607
Unrestricted
Fund8
Restricted Total Funds
Funds
2022
Sl Gabriels service fees
Sl Michaels service fees
Sl Marys service fees
St Peters SerV￿e fees
Holy Trinity service fees
All Saints service fees
Sl Gabriels hall rental
Sl Michaels hall hire
Sl Marys hall Hire
4,663
5,237
2,290
1,523
6,484
4,663
5,237
2,290
1,523
9,937
3,453
3,226
6,314
5,321
3,226
6,314
5,321
35,058
3,453
38,511
13

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Flnan¢ial Statements (conllnuedj
Year ended 31 December 2023
Other fundraislng actlvltles
Unreslricled
Funds
Reslricled Total Funds
Funds
2023
St Gabriels fundraising income
St Michaels fundraising income
Sl Marys fundraising in¢ome
Sl Peters fundraising income
Worship Centre fundraising income
Holy Trinity fundraising income
All Saints fundwsing income
4,505
2,636
1,223
109
110
1.069
6,983
4.505
2,636
1.423
109
200
2,104
3,173
6,983
16,635
2,304
18,939
Unrestricted
Funds
R8slricted Total Funds
Funds
2022
Sl Gabriels fundraising income
St Michaels fundiaising income
st Marys fundraising income
Sl Peters fundraiSi￿g incon7e
Worship Centre fundraising income
Holy Trinity fvndraising income
I Saints fundraising income
4,119
3,041
752
4,119
3,041
827
75
140
3.297
1,222
2,075
9,274
2.150
11,424
Other Income
Unrestricted
Funds
Restricted Total Funds
Funds
2023
All Saints transfer of assets
67,803
28,641
96,444
Unreslricled
Funds
Restricted Total Funds
Funds
2022
All Saints transfer of assets
14

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements l¢onllnu
Year ended 31 December 2023
Expendituro on charitable actlvltles by fund type
Unrestricted
Fund8
Restricted Total Funds
Funds
2023
Grant & Other Financial Support
Church Property
Parish A¢livilies
Other Resources Expended
Support costs
582
92,374
14,602
3,431
137.843
14,952
18,738
63
15,534
111,112
14,665
3,431
137,843
248,832
33,753
282.585
Unreslricled
Funds
Restricted Total Funds
Funds
2022
Grant & Other Financial Support
Church Property
Parish Activities
Other Resouices Expended
Support cosls
1.878
38,903
14,145
259
103,043
1,878
46,395
14,145
259
103,043
7,492
158,228
7,492
165,720
Expenditur9 on charitable activities by actlvty typ
Activities
undertaken
diredly
Support Total funds
costs
2023
Total fund
2022
Grant & Other Financial Support
Support for Ministry
Church Prc)perty
Parish Activities
Other Resources Expended
Governance costs
15,534
IS,534
133,272
111,112
14.665
3,431
4,571
282,585
1,878
101,093
46,395
14.145
259
1,950
133,272
111,112
14,665
3,431
4.571
144,742
137.843
165.720
15

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Ino

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements (conllnu
Year ended 31 December 2023
11. Independent examlnation foes
2023
2022
Fees payable to the independe7)t examiner for.
Independant examination of the financial statements
4.571
1,950
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the Charity or a related entity were
received by any Iruslee
No trustee expenses have been incurred
13. Fixed asset investments
Church in
Wales
Common
Investment
Fund
Reserye
Church in
Wales
Common
Investment
Fund Shares
Total
Cost or valuation
Al 1 Jan 2023
Additions
Disposals
Fair value movements
336,723
28.483
28,775
8,462
115,019)
365.498
36.945
115,0191
19,803
407,227
19,803
At 31 Dec 2023
385,009
22,218
arrylng amotsnt
At 31 Dec 2023
385.009
22,218
407,227
365.498
At 31 De¢ 2022
336,723
28.775
All investments shown above are held at valuation.
17

Rectorial Benefice of Cwmbran Parochial Church CounGiI
Notes to the Financial Statements {¢MIlftv
Year ended 31 December 2023
13. Flxgd asset Invgstments (conllnu
The Representative Body of the Church in Wales Common Investment Funds are held as a
Chancel Repair Funds (for St. Peterfs church, Henllys and All S8inVs church, Llantarnaml and as
a Fabric Fund {for any Church or Churchyard in the Parish of Ponlnewyddl. The mxldle market
value of these shares as al 3161 December 2023 was £2.2125 (2022.. £2.09561.
All Sainf s also hold 8 legacy investment and a Trust fund inveslmenL
Holding
Sl Peter's
Chancel Repair
Fund
2023
Central
Fabric FurKI
I Sainvs
Chancel Repair
Fund
2023
AJI Sainfs
Legacy
Holding
2023
2023
No. of capit81 shales
236
£ 522
108,518
£ 240,096
7,642
16,908
2,893
£ 6,401
. of accumulalion shares
2,601
£ 5.755
49,325
£ 109,132
I&E fund cash
145
29
2022
236
£ 495
2022
108.518
£ 227.411
2022
2022
No. of car￿tal shares
. of accumuL8tion shares
2,601
£ 5.451
49.325
£ 103,366
I&E fund cash
152
28,623
In addition Al Saints ha￿ unit trusi I￿￿$tments of 176.33 units with a ￿dIue of £2.147.98.
18

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Ststements (¢onrfnu*o)
Year ended 31 December 2023
14. Current Investments
2023
2022
National Savings Bond
15,000
15,000
1S. Creditors- amounts falling due within one year
2023
2022
Creditors
Accruals and deferred income
29.682
4.571
22,070
1,950
34.253
24,020
16. Anaty$S$ of charitable funds
Unrestrfcted funds
At
1 Jan 2023
Gains and
At
losses 31 D9¢ 2023
Income Expgnditure
Transfers
General 8enefi¢e
fund
St Gabriels
Sl Michaels
St Marys
St PeleTS
Worship Centre
Holy Trinity
I Saints
10,821
6,859
68,716
9.425
3,754
3,983
7.272
273
35,819
41,996
28,229
6.331
7.884
26,069
108,333
12,8361
139,2361
161,4161
127.1841
18,2461
{7,261)
{29,724)
172,929)
254,934 {248,8321
8.258
3,442
49,296
10N70
1.839
4,606
3,617
35.404
110,830
116,932
At
1 Jan 2022
Gains and
At
losses 31 D8c2022
Income Expenditure
Transfers
General Benefice
fund
Sl Gabriels
Sl Michaels
Sl Marys
Sl Peters
Worship Centre
Holy Trinity
All Saints
10,740
17,904
69,509
13,595
4,928
4.806
2,949
117
30,534
40,203
23,442
5,794
8,222
29.132
1361
141,579)
140,9961
127,612)
114,776}
19.0451
124,1841
10,821
6,859
68,716
9,425
3.754
3.983
7,272
7,808
{625)
124,431
137,444
11 $8,228)
7.183
110,830
The unrestrieted ￿ndS include designated funds.
19

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Financial Statements iconlinuv
Year ended 31 December 2023
16. Analysis of charitable funds (contlnuedj
Restrlcted funds
Al
1 Jan 2023
Gains and
At
losses 31 Dec 2023
Income Expendiluro
Transfers
General Fund
St Gabriels
St Michaels
St Marys
Sl Peters
Holy Trinity
All Saints
374,398
10,484
24,753
9.646
6.098
11,705
8,269
124
6.317
10.958
373
9,609
29,315
114,848}
18,452
386,271
10.608
24,753
15,616
6,561
13.719
30.571
16,3171
14,988}
90
17,5951
151
133,7531
1,261
437,084
64,965
19,803
488,099
Al
1 Jan 2022
Gains and
At
losses 31 Dec 2022
Income Expendiluf&
Transfers
General Fund
Sl Gabriels
Sl Michael$
Sl Marys
Sl Peters
Hoty Trinity
All Saints
406,595
10,195
22.541
6.715
14,485
10,174
6.585
289
3,399
4,446
118
5,696
138,782)
374,398
10,484
24,753
9,646
6,098
11.705
11,1871
(1,5151
{7,8081
625
16971
{4,7901
470,705
20,533
(7,4921
17,1831 139,4791
437,084
Restricted funds include Church funds held specrfic purposes including amounts in Common
Investment Funds.
17. Analysis of net assets between funds
Unreslricled
Funds
Restricted Total Funds
Funds
2023
Investments
Current assets
407.227
80.872
407,227
197,804
116.932
Net a980ts
116,932
488,099
605,031
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Investments
Current assets
365,498
71,586
365,498
182,416
11,830
Net assets
110.830
437,084
547,914

Rectorlal Benefice of Cwmbran Parochial Church Council
Notes to the Financlal Statements (CO￿lIn￿•￿)
Year ended 31 December 2023
18. Related partles
There are no related paty transactions in the reporting period that require disclosure the
financial statement8.
21

Rectorial Benefice of Cwmbran Parochial Church Council
Management Infomiation
Year ended 31 December 2023
The followlng pages do not forni part of the financlal statement$.
22

Rectorial Benefice of Cwmbran Parochial Church Council
Detailed Statement of Financial Activities (conllmiedl
Year ended 31 December 2023
2023
2022
2023
2022
Income and endowments
Donatlons and lega¢les
St Gabriels planned giving
St Michaels planned 9iViThJ
Sl Marys planned giving
st Peters planned gNing
Worship Centre planned giving
Holy Trinty planned gwing
All Saints planned giving
Sl Gabriels loose colleclion
Sl Mi¢haels IiJ)se collection
Sl Marys loose collection
Sl Peters loose collection
Worship Centre loose collection
Htsly Trinity loose co15eclion
All Saints loose collections
Sl Gabriels gift aid
Sl Michaels gift aid
Sl Marys gift aid
St Peters gift aid
Worship Centre gift aid
Holy Trinity gift aid
All Saints gift aid
Sl Gabriels World church contribution
Sl Michaels World church contribution
Sl Marys World church contribulion
Holy Trintty World church contribution
Sl Gabriels donations
St Michaels donations
st Marys donations
St Peters donations
Worship Centre donations
Holy Trin*iy donations
All Saints donations
Sl Gabriels legacies
st Michaels legacies
All Saints legacies
Sl Gabriels grant
Sl Michaels grant
Sl Mary$ grant
Holy Tiinify grant
All Saints grants
9,519
14,214
7.806
692
2.706
120
19,387
2,617
5,380
2,578
2,162
3,415
14,048
1,917
4,228
4.281
2.330
601
1,877
14,473
8,274
828
2,487
140
10,197
4,397
2,018
1,710
13,443
4.129
5,043
3,153
547
1,695
7,693
3.402
5,520
55
229
22
200
7,071
1,030
2,295
400
110
1.399
881
1,000
1,000
530
587
6,317
15,438
6.675
703
240
2,374
1,624
3,004
1,180
3,900
168
3,000
2.750
150
154,243
100,723
Charttable activities
st Gabriels se￿1￿ fees
Sl Michaels service fees
1,945
3,808
4,663
5,237
23

Rectorial Benefice of Cwmbran Parochial Church Council
Detslled Statement of Financial Activities (¢o*thnued)
Year ended 31 December 2023
2023
2022
St Marys SerV￿e fees
St Peters setvice fees
Holy Trinty service fees
All Saints service fees
Sl Gabriels hall rentsl
Sl Michaels hall hire
Sl Marys hall Hire
1,804
2.314
8,514
4,234
4,292
7,383
6,680
2,290
1,523
9,937
3,226
6,314
5,321
37,774
38,511
Otherfundralslng actlvlties
Sl Gabriels fvndraising income
Sl Michaels fundraising income
Sl Marys fundraising income
Sl Peters fvndraising income
Worship Centre fundraising income
Holy Trinity fundraising income
All Saints fundraising income
4,505
2.636
1.423
109
4,119
3,041
827
140
3.297
3,173
6,983
18,939
11,424
Investment income
Othef b8nk interest
Sl Gabriels interest
Sl Michaels inleiest
st Marys interest
Sl Peters interest
All Saints interest
Benefice investment income
st Peters investment income
All Saints investment income
118
124
2,200
473
10
502
8,269
373
513
6.585
118
12,499
7,319
Other Income
All Saints transfer of assets
96N44
Total Income
319.899
157,977
24

Rectorial Benefice of Cwmbran Parochial Church Council
Detailed Statement of Financial Activlties (condnuedj
Year ended 31 December 2023
2023
2022
Expendlture
Expendlture on charltable actlvltles
Repairs and maintenance
Other establishment
maintenan￿ of serV￿eS
General parish expenses {including governance)
Parish share
Mission ccsls
Par￿hla1 expenses of cleric
Other resources expenditure
Exceptional &xpendilure
68,562
35,489
13.725
5.511
122.767
686
10,505
3,431
21,909
25,785
20,610
9.240
6.855
94,612
1.878
6,481
259
282.685
165,720
Total expenditure
282,585
165,720
Net gainslllosses) on investmgnts
Benefice Fund gainsnosses on investments
Sl Peters gainsllosses on investsnenl
All Saiints gainsnosses on investments
{18,4S21
90
{1,261)
119,803)
138,7821
1697}
139.4791
Net incomelloXPgndlturg1
57.117
{47,2221
25

Rectorial Benefice of Cwmbran Parochial Church Council
Notes to the Detailed Statement of Flnanclal Actlvitles
Year ended 31 December 2023
2023
2022
Expendituro on chariiable activities
Grant & Oth8r Flnancial Support
Actlvities undertaken dlrectly
Mission Costs
686
1,878
Support for Mlnlstry
Support costs
Parish share
Parochial Expenses of Clerics
122,767
10.505
94,612
6.481
133,272
101,093
Church Property
Actlvldes undertaken dirg¢tty
Maintenance of Churches
Maintenance of Other Property
Exceptional Property expenses
68,562
35,489
21,909
25,785
20.610
46,395
Parlsh Actlvltles
Activities undertaken directy
Maintenance of Servi￿$
General Parish expenses
9,154
5,511
9,240
4,905
14,665
14,145
Other Rgsources Expended
Activities undertaken dlrectly
Cost of Fundraising
Govemance costs
Governance costs - accountancy
3.431
259
4.571
1,950
Exp&ndlturg on charitable activiti8$
282,585
165,720
26