**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 -