2022-12-31-accounts

Charity registration number 1134218

AFON NEDD MINISTRY AREA

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

AFON NEDD MINISTRY AREA

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees All members of the MAC are charity trustees Charity number 1134218 Principal address The Rectory 23 London Road Neath Neath Port Talbot SA11 1LE Independent examiner Richard N Chapple ACCA WBV Limited The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea Wales SA1 8QY

AFON NEDD MINISTRY AREA

CONTENTS

	Page
Trustees report	1 - 4
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 21

AFON NEDD MINISTRY AREA

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019) and the Church in Wales accounting regulations.

Objectives and activities

The promotion of the whole mission of the church, pastoral, evangelistic, social and ecumentical, in the Parish.

We review our aims, objectives and activities each year. This review looks at what we have achieved and the outcomes of our work in the previous twelve months. The review also helps us to ensure our aims, objectives and activities remain focused on our stated objectives. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities, in particular the specific guidance on Charities for the advancement of religion. This ensures that we continue our purpose of encouraging the beliefs, tenets and practices of Christianity, thereby seeking new followers and by encouraging and facilitating the practice of the Christian Faith by existing followers.

Encouraging and facilitating the practice of the Christian Faith by our Churches which includes the following:-

• The provision and maintenance of the Churches

• Conducting regular Christian worship in the buildings

• The celebration of the Holy Eucharist, baptisms, marriages and funerals

• The maintenance of Christian burial places

• Promoting the study of Christian teaching, practices and scriptures

• Safeguarding policies are in place at all out churches

In addition to the above, Christian devotional acts and outreach work is carried out including:-

• Visiting the sick.

• Administering the sacraments to those unable to attend regular acts of worship, to the sick and dying.

• Supporting pastoral work.

• Supporting work carried out by other Christian agencies.

• Fostering ecumenical links between different Christian traditions.

To facilitate this work it is important that we maintain the fabric of the Churches.

Achievements and performance

Significant activities and achievements against objectives

We have 254 on The Electoral Roll of the Ministry Area. The pandemic has had an effect on MA life and worship in the church. Most services have been re-introduced but not all congregation members have returned. In the year, the Church of Saint Peter and Saint Paul was closed due to issues with asbestos. It was not deemed economical to repair in its existing format and alternative options to redevelop the site for worship could not be agreed. Formal declaration of redundancy as a place of worship is awaited.

Reverend Stuart Ghezzi left the MA and the Reverend Alison Reeves was appointed as Team Vicar. A vacancy remains for another Team Vicar.

• 1 -

AFON NEDD MINISTRY AREA

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Review of the year

Amongst some of the activities that took place in the Ministry Area to the end of 2022:

• Reverend Stuart Ghezzi left in April to take up an appointment in the Rhondda.

• Ss Peter & Paul’s Church was closed as asbestos was found in the church. Arrangements were made for an inventory of its contents and the disposal by faculty to other places of worship in the Diocese.

• An Engagement Officer was appointed by the Diocese to work in the Ministry Area primarily to promote Children’s work known as “Young Faith Matters”.

• The work of the Mothers Union Branches in the new MA was strengthened and supported with new members.

• The Annual Pet service was held in St Teilo’s Church.

• Quarterly MA Services were held in different churches in the MA.

• Members of the MA attended Llandaff Cathedral Evensong as part of the networking arrangements with the Diocese.

• We held another outdoor Nativity Service in December 2022 on Ael y Bryn Farm in Tonmawr.

• Ladies who Lunch continues to meet and are a very active group.

• The Parish Retreat took place.

• Reverend Elizabeth Tremble-Niccol was ordained deacon and joined the MA in June.

• Several Churches in the MA received several grants from Neath Town Council.

Financial review

The overall financial results indicate that both unrestricted and restricted funds generated surpluses. The detailed results are disclosed in the attached financial statements.

Reserves policy

The MAC has a policy of retaining reserve funds to ensure the continual operation of the Benefice. Surplus funds, where available, are retained on a Treasury Deposit account pending the requirements of the MAC.

Major risks

The MAC considers the major risks to which the Charity is exposed and establishes systems to mitigate those risks. The risks facing the Charity include the state of repair of the churches and the financial requirements to meet day to day administration. The fabric of each church is continually monitored by the Churches’ subwardens and reported upon to the MAC; the finances are controlled by careful budgeting and periodic appeal to the worshipers and other fund raising activities.

• 2 -

AFON NEDD MINISTRY AREA

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Plans for future periods

As this report is being complied, the new Ministry Area is examining its priorities and aims. This is being done in conjunction with the Archdeacons of the Diocese of Llandaff as part of their Visitation process. This is a developing process as the Ministry begins to “bed in” and new relationships are formed and nurtured with the constituent churches, their members and organisations involved.

In light of this our major priority remains as the wellbeing of our congregations and to look at the fabric of the churches following the prolonged effects of the Covid pandemic.

However, we are hopeful that within the next year we can consider the following:

• Continuing our work with children, ensuring Messy Church is held more regularly; and working at developing youth ministry and building on the work began by the appointment of an Engagement Officer and the "Young Faith Matters" initiative.

• To continue with the regular prayer & bible study groups

• To develop and foster greater links within the MA as a result of the joining together of the two previous parishes of Skewen and Briton Ferry/Llansawel and the Rectorial Benefice of Neath.

We will continue to work with Churches Together and play our part within Foodbank.

The MA runs well thanks by and large to the continued support and wisdom of the Ministry Area Leader, the MAC and the many volunteers who willingly give of their time and experience.

Structure, governance and management

The Afon Nedd Ministry Area (ANMA) came into being on the 1[st] January 2022. It comprises the former Parishes of Skewen and Briton Ferry/Llansawel and the Rectorial Benefice of Neath which was registered with the Charity Commission on 9 February 2010 under the name of R.B. Neath Parochial Church Council (PCC). The charity number is 1134218. The new ANMA retains the same charity number. It performs its role through the Ministry Area Council (MAC) which is the name of the trustee body in place of the PCC.

Church buildings within the Benefice: St Thomas' Church St David's Church St Illtyd's Church Ss Peter & Paul's Church, Cimla St Teilo's Church, Tonmawr St John's Church, Skewen St Mary's Church, Llansawel Ty Santes Fair, Skewen

• 3 -

AFON NEDD MINISTRY AREA

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Ministry Team

Ministry Area Leader (Incumbent):The Rev’d Canon Lynda Newman Ministry Area Lay Chair: Mr Mark Ritzmann Team Vicars: Reverend Alison Reeves, Reverend Chris Coles Curate: Reverend Stuart Ghezzi Deacon: Reverend Lizzy Tremble-Nicholls Reader: Mrs S.Andrews Wardens and MAC Membership MA Leader's Warden Judith Cole MA People's Warden Pamela Williams MA Treasurer: Paul Bennett (ex Officio) MA Council Members St. Thomas' Church Robert Williams, Linda Powell St. Davids's Church Clare Evans, Helen Bennett St. Peter and Paul's Church Gary Calder, Adrian Jones St John's Skewen Kay Britton, Roger Jones St Mary's Briton Ferry Neil Howells, Keith Buckley St. Teilo's Church Gwenda Smart Co-opted Members: Gary Calder (MA Bookkeeper) Cath Archard (Safeguarding Officer) Judith McCutcheon (MAC Secretary)

The trustees report was approved by the Board of Trustees.

.............................. P J Bennett Mr P J Bennett Trustee

L E Newman

..............................

The Reverend Canon L.E. Newman Trustee

Date: ............................................. 26 October 2023

• 4 -

AFON NEDD MINISTRY AREA

STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

• To comply fully with the provisions of the Constitution of the Church in Wales in administering the ANMA with our seven churches of St Thomas, St Illtyd, St David, St John, St Mary, St Teilo, and Ty Santes Fair. The Church in Wales is a province within the Anglican Communion and, as such, exists to advance the Christian religion through world-wide mission. The object of the MA Council is to ensure that the life and work of the Church within the Ministry Area helps to fulfil that mission, both locally and more widely.

• The MAC. is not a body corporate. Its composition, procedure and powers are regulated by the Constitution of the Church in Wales, as amended from time to time by its Governing Body, set up under Section 13 (1) of the Welsh Churches Act 1914. Elections are held at an annual vestry meeting which must take place on or before 30[th] April. The persons whose names are entered on the Electoral Roll are entitled to vote and to stand for election. Before assuming office, every member of the MA Council must sign a declaration that he or she will be bound by the Constitution.

• The Representative Body of the Church in Wales holds the land and property of the Church in Wales, including St. Thomas’, St Illtyd’s, St. David’s, St John, St Mary, St Teilo, and Ty Santes Fair buildings, their contents and grounds. The Representative Body is an Exempt Charity and was set up under Section 13 (2) of the Welsh Church Acts 1914. It acts on behalf of the Province in paying the stipends of full-time clergy.

• It is the responsibility of the Ministry Area Leader (Incumbent), the Ministry Area Lay Chair and the MAC to consult together and to co-operate in all matters of concern and importance to the benefice for the promotion of the whole mission of the Church, pastoral, evangelistic, social and ecumenical within the MA. The MAC is also responsible for the MA budget and all expenditure there under, the care and maintenance of the church fabric, grounds and the churchyard. The council is also the normal channel of communication between parishioners and the Bishop of the diocese.

• Within the MA is Alderman Davies’ School. This school owes its origin to the will of Alderman John Davies who left a legacy for its founding in 1719. The Ministry Area Council, (Incumbent), the Churchwardens, and the “overseers of the poor” are the Trustees. They hand the day-today running of the school to a Governing Body appointed in accordance with present day Education Legislation. The curriculum taught is in accordance with the tenets of the Church in Wales.

• The MA has a pastoral interest in the Llewellyn Alms Houses which were founded in 1897. The Ministry Area Leader is the only ex-officio Trustee of this charity.

• The Objective of the Afon Nedd Ministry Area and its seven churches is the Mission and ministry of the Christian Community in this place. This is achieved by all its spiritual and social activities. These are described in detail in the Ministry Area Leader’s Pastoral report, which is presented annually at the Annual Vestry Meeting. The prime objective is the celebration of Christian worship on Sundays and principal feast days and the proclamation of the gospel through this worship. This Mission is accomplished in co-operation with the Diocese of Llandaff and the Area Deanery of Neath & Port Talbot.

• 5 -

AFON NEDD MINISTRY AREA

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFON NEDD MINISTRY AREA

I report to the trustees on my examination of the financial statements of Afon Nedd Ministry Area (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

R C Chapple

Richard N Chapple ACCA WBV Limited

The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea SA1 8QY Wales

Dated: ......................... 26 October 2023

• 6 -

AFON NEDD MINISTRY AREA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 2 228,365 5,270 Charitable activities 3 163,782 - Other trading activities 4 98,341 5,682 Investments 5 515 6 Total income 491,003 10,958 Charitable activities 6 345,282 1,648 Net income/(expenditure) 145,721 9,310 Transfers between funds - - Net movement in funds 145,721 9,310 Reconciliation of funds: Fund balances at 1 January 2022 371,890 281,785 Fund balances at 31 December 2022 517,611 291,095	Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 233,635 57,203 4,870 163,782 115,201 313 104,023 46,144 1,863 521 412 28 501,961 218,960 7,074 346,930 221,662 8,549 155,031 (2,702) (1,475) - (3,520) 3,520 155,031 (6,222) 2,045 653,675 378,112 279,740 808,706 371,890 281,785	Total 2021 £ 62,073 115,514 48,007 440 226,034 230,211 (4,177) - (4,177) 657,852 653,675

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The net movement in unrestricted funds of £145,721 includes cash reserves as at 1 January 2022 pertaining to parishes that were not part of the ministry area prior to this date. The amount received totalled £147,164 (as detailed per note 2 on page 3).

• 7 -

AFON NEDD MINISTRY AREA

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes Fixed assets Tangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 15 Unrestricted funds	2022 £ 2,730 11,099 589,352 603,181 10,769	£ 216,294 592,412 808,706 291,095 517,611 808,706	2021 £ 2,357 19,741 425,625 447,723 11,328	£ 217,280 436,395
				653,675
				281,785 371,890
				653,675

26 October 2023 The financial statements were approved by the trustees on ......................... P J Bennett L E Newman .............................. .............................. Mr P J Bennett The Reverend Canon L.E. Newman Trustee Trustee

• 8 -

AFON NEDD MINISTRY AREA

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes Cash flows from operating activities Cash generated from/(absorbed by) operations 22 Investing activities Investment income received Net cash generated from investing activities Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2022 £ 521	£ 163,206 521 - 163,727 425,625 589,352	2021 £ 440	£ (4,311) 440 - (3,871) 429,496 425,625

• 9 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Afon Nedd Ministry Area is a Charity, registered with the Charity Commission on 9 February 2010. The charity number is 1134218.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011. the Church in Wales Accounting Regulations, the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Incoming resources are all accounted for gross.

Planned giving, collection and donations are recognised when receipt is probable.

Grants and legacies are accounted for when the MAC is legally entitled to the amounts due. All other income is generally recognised when it is received.

1.5 Expenditure

Parish share is paid regularly and is included in expenditure for the year to which it relates. Unrestricted fund grants are recognised when determined by the MAC.

Amounts received specifically for missions are dealt with as restricted funds and the liability for payment is recognised when the amounts are received.

All other expenditure is generally recognised when it is incurred.

• 10 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Fixtures and fittings

Nil depreciation and 50 years (see below) Selected rates

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The Church buildings except as noted in note 11 to the accounts are vested in The Representative body of the Church in Wales, consequently, none of this property forms part of the assets of the Benefice. Provision for depreciation of properties help by the Parish, is made as follows:-

Curate's House at Little Haven, Lewis Road, Neath NIL, as market value is agreed to be in excess of cost..

Church Hall at Cimla Written off over 50 years from 1964.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost or net realisable value.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2 Income from donations and legacies

Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts 81,201 5,270 Donated goods and services 147,164 - 228,365 5,270	Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 86,471 57,203 4,870 147,164 - - 233,635 57,203 4,870	Total 2021 £ 62,073 -
		62,073

• 11 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

Income from donations and legacies Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts Legacies and general donations 53,484 100 Neath Town Council - - DBF Grant 18,417 - For the World-wide Church 9,300 - National Heritage - 5,170 81,201 5,270	Total Unrestricted Restricted Total funds funds 2022 2021 2021 2021 £ £ £ £ (Continued) 53,584 6,976 290 7,266 - 200 - 200 18,417 50,027 - 50,027 9,300 - 4,580 4,580 5,170 - - - 86,471 57,203 4,870 62,073	Total Unrestricted Restricted Total funds funds 2022 2021 2021 2021 £ £ £ £ (Continued) 53,584 6,976 290 7,266 - 200 - 200 18,417 50,027 - 50,027 9,300 - 4,580 4,580 5,170 - - - 86,471 57,203 4,870 62,073
		62,073

2 Income from donations and legacies

Donated goods and services

At 1 January 2022, cash reserves totaling £147,164 were introduced to the Afon Nedd Ministry Area from the following three churches;

St John the Baptist St Mary's Britton Ferry Ty Santes

3 Income from charitable activities

Unrestricted Restricted funds funds 2022 2022 £ £ Direct giving - planned Income from 114,415 - Direct giving - other Income from 12,902 - Indirect giving - tax refunds Income from 36,465 - 163,782 -	Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 114,415 85,633 13 12,902 7,098 300 36,465 22,470 - 163,782 115,201 313	Total 2021 £ 85,646 7,398 22,470
		115,514

• 12 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Income from other trading activities

Unrestricted Restricted funds funds 2022 2022 £ £ Trading activity income 98,341 5,682 2022 £ Money raising Magazine subscriptions and adverts Events Tesco voucher scheme Other income House rental Church building rental Weddings, funerals and other services Lottery bonus ball St Catherine's Church disposal Other sundry income	Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 104,023 46,144 1,863 2021 £ 3,543 5,466 40,339 13,330 1,250 110 5,760 8,640 8,423 - 29,764 13,525 2,508 3,020 - 1,867 12,436 2,049 104,023 48,007	Total 2021 £ 48,007

5 Income from investments

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2022	2022	2022	2021	2021	2021
	£	£	£	£	£	£
Interest receivable	515	6	521	412	28	440

• 13 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Missions Maint of ministry Maint of churches Maint of services Expenses of clerics Parish expenses Maint of property 2022 2022 2022 2022 2022 2022 2022 £ £ £ £ £ £ £ Outside/inside parish 6,585 - - - - - - Home 9,328 - - - - - - Parish share - 169,597 - - - - - Clergy remuneration/expenses - 13,494 - - - - - Insurance - - 12,681 - - - - Light, heat and water - - 22,851 - 5,217 - - Repairs and maintenance - - 37,990 - - - 13,477 Wedding and funeral services expenses - - - 11,990 - - - Altar requisites etc - - - (105) - - - Sundry expenses - - - 714 - 10,782 - Staff costs - - - - 11,006 - - Printing, postage and stationery - - - - - 7,069 - Telephone - - - - - 520 - Fundraising costs - - - - - 7,348 - Depreciation - - - - - 986 - Audit and accountancy - - - - - 5,400 - 15,913 183,091 73,522 12,599 16,223 32,105 13,477 Analysis by fund Unrestricted funds 15,913 183,091 73,522 12,599 16,223 30,457 13,477 Restricted funds - - - - - 1,648 - 15,913 183,091 73,522 12,599 16,223 32,105 13,477	Total 2022 £ 6,585 9,328 169,597 13,494 12,681 28,068 51,467 11,990 (105) 11,496 11,006 7,069 520 7,348 986 5,400 346,930 345,282 1,648 346,930	Total 2021 £ 14,811 3,870 98,945 5,240 7,707 16,880 50,777 3,295 4,190 4,881 9,953 5,982 1,091 1,601 988 -
		230,211
		221,662 8,549
		230,211

• 14 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

(Continued)

For the year ended 31 December 2021

Missions Maint of ministry Maint of churches Maint of services Expenses of clerics Parish expenses Maint of property £ £ £ £ £ £ £ Outside/inside parish 14,811 - - - - - - Home 3,870 - - - - - - Parish share - 98,945 - - - - - Clergy remuneration/expenses - 5,240 - - - - - Insurance - - 7,707 - - - - Light, heat and water - - 9,601 - 5,948 - 1,331 Repairs and maintenance - - 35,710 - - - 15,067 Wedding and funeral services expenses - - - 3,295 - - - Altar requisites etc - - - 4,190 - - - Sundry expenses - - - 308 - 4,573 - Staff costs - - - - 9,953 - - Printing, postage and stationery - - - - - 5,982 - Telephone - - - - - 1,091 - Fundraising costs - - - - - 1,601 - Depreciation - - - - - 988 - 18,681 104,185 53,018 7,793 15,901 14,235 16,398 Analysis by fund Unrestricted funds 11,415 104,185 53,018 7,793 15,901 13,448 15,902 Restricted funds 7,266 - - - - 787 496 18,681 104,185 53,018 7,793 15,901 14,235 16,398	Total 2021 £ 14,811 3,870 98,945 5,240 7,707 16,880 50,777 3,295 4,190 4,881 9,953 5,982 1,091 1,601 988
	230,211
	221,662 8,549
	230,211

• 15 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

£ Outside parish Christian Aid Ukraine Appeal Shelter Box Alzheimers UK British Heart Foundation Inside Parish Allotment Neath DBF Fund Home Llandaff WODS Food for Riding Walsingham Shrine Penpont Church Sundry donation St David's Church Sundry donation St Teilo's Church L Rees cancer treatment Church Hall account Tenovus - 'in memory of' donation Ty Hafan Neath Food Bank Neath RAFA Christmas Fair McMillan Cancer Royal British Legion Other

1,950 2,575 1,000 1,000 100 6,625 89 71 160 350 23 100 20 900 100 700 500 85 1,000 816 204 308 161 194 4,017 9,478

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

	2022	2021
	Number	Number
	15	16
Salaries for 2022 were £14,670 (2021 £13,279)
Social security costs for 2022 were £237 (2021: £242)
Pension costs for 2022 were £99 (2021: £nil)

• 16 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2022 232,493 46,741 At 31 December 2022 232,493 46,741 Depreciation and impairment At 1 January 2022 23,066 38,888 Depreciation charged in the year - 986 At 31 December 2022 23,066 39,874 Carrying amount At 31 December 2022 209,427 6,867 At 31 December 2021 209,427 7,853 The Freehold land and buildings comprises:- £ Curate's House - Little Haven 209,427 Expenditure on St Peter and St Paul's Church Hall 23,066	Total £ 279,234
	279,234
	61,954 986
	62,940
	216,294
	217,280

12 Stocks

12 Stocks
Raw materials and consumables 13 Debtors Amounts falling due within one year: Other debtors	2022 £ 2,730 2022 £ 11,099	2021 £ 2,357
		2021 £ 19,741

• 17 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Creditors: amounts falling due within one year

Other creditors Accruals and deferred income	2022 £ 5,369 5,400 10,769	2021 £ 11,328 -
		11,328

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

		Movement in funds	Movement in funds
	Balance at	Incoming	Resources	Balance at
	1 January 2022	resources	expended	31 December
				2022
	£	£	£	£
Stewardship - Mrs Lawrence funds	13,646	-	-	13,646
Stewardship - Property fund	213,826	-	-	213,826
Stewardship - Parochial missions	978	-	-	978
Stewardship - St Thomas tower restoration	18,242	-	-	18,242
St Davids - Friends	14,231	3,269	(744)	16,756
St Davids - Restoration	7,052	-	-	7,052
St Davids - Organ fund	3,633	-	(404)	3,229
St Davids - Surplus fund	116	-	-	116
St Thomas - Friends	10,057	2,454	(500)	12,011
St Thomas - Restoration	-	5,170	-	5,170
St Illtyd - Chancel reserve fund	4	-	-	4
St Illtyd - Friends	-	65	-	65
	281,785	10,958	(1,648)	291,095

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At	1	January	Incoming	Resources	Transfers	At 31
			2022	resources	expended		December
							2022
			£	£	£	£	£
General funds			371,890	491,003	(345,282)	-	517,611

• 18 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16	Unrestricted funds					(Continued)
	Previous year:	At 1 January	Incoming	Resources	Transfers	At 31
		2021	resources	expended		December
						2021
		£	£	£	£	£
	General funds	378,112	218,960	(221,662)	(3,520)	371,890
17	Analysis of net assets between	funds
				Unrestricted	Restricted	Total
				funds	funds
				2022	2022	2022
				£	£	£
	Fund balances at 31 December	2022 are represented by:
	Tangible assets			4,376	211,918	216,294
	Current assets/(liabilities)			513,235	79,177	592,412
				517,611	291,095	808,706
				Unrestricted	Restricted	Total
				funds	funds
				2021	2021	2021
				£	£	£
	Fund balances at 31 December	2021 are represented by:
	Tangible assets			4,958	212,322	217,280
	Current assets/(liabilities)			366,932	69,463	436,395
				371,890	281,785	653,675

• 19 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Financial commitments, guarantees and contingent liabilities

St. Illtyd's Church

During the year ended 31st December 2003 grant aided refurbishment work was completed on St. Illtyd's Church. The project cost approximately £283,200 and was financed by the Heritage Lottery Fund, CADW and Benefice funds.

The terms of the Heritage Lottery Fund grant stipulate that the grant is repayable if the 'Approved Usage' of the building ceases; it is not time limited. The terms of the CADW grant stipulate that it is repayable if the building ceases for worship within 5 years of the grant being made.

St. David's Church - refurbishment

During the year ended 31st December 2007 refurbishment work commenced on St. David's Church. The work on the fabric of the building has been funded by grants from the Heritage Lottery Fund, NPTCBC and from funds from within the Church. The Heritage Lottery Fund grant stipulates that it is repayable if the building ceases for worship within 10 years. The work was completed during the year ended 31st December 2010.

St. David's Church - Tower

The project was completed during April 2015.

Standard conditions relating to the repayment of the grants received, should worship at the Church cease within a stipulated period, are in place.

St. Thomas' Church - Tower

During 2015 a fund was launched to enable tower repairs to be carried out; this was completed in 2018.

19 St. Catherine's Church

In October 2020 the MAC took the decision that St. Catherine's Church should be closed and be returned to the Representative Body of the Church in Wales. Bank balances held at closure were transferred to the Parish and are being held as designated funds. These funds have been used as required during the closure of the Church; remaining funds have been transferred to general Parish funds.

20 Events after the reporting date

Included in the value of fixtures and fittings (per note 11) at 31 December 2022 is an amount in relation to expenditure in respect of Ss Peter & Paul Hall. During the year a decision was made by the Ministry Area Council to close Ss Peter & Paul’s Church, along with its adjoining hall. The last service was held in November 2022. In January/February 2023 a sum of £22,155 was received by the Parish, being the balance of funds held by the treasurer of Ss Peter & Paul.

21 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

• 20 -

AFON NEDD MINISTRY AREA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

22 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase)/decrease in stocks Decrease in debtors (Decrease) in creditors Cash generated from/(absorbed by) operations	2022 £ 155,031 (521) 986 (373) 8,642 (559) 163,206	2021 £ (4,177) (440) 988 199 12,095 (12,976) (4,311)

23 Analysis of changes in net funds

The charity had no material debt during the year.

• 21 -