Draft Flnanclal Ststements at 04 Aprll 2024 at 16:67:19 Charlty reglstratlon number 1134218 AFON NEDD MINISTRY AREA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 *fo Ministi"y Area
Draft Flnanclal Statem•Dts at 04 ArAII 2024 ¥t 15-05..34 AFON NEDD MINISTRY AREA LEGAL AND ADMINISTRATIVE INFORMATION Truste• Al members ol the MAC are ¢wAy trus18&8 Charfty numb•r 1134218 Prlnclpal addr••• 23 Ldn R¢d Naath SA11 ILE Ind•p•ndent 8xamln•r Rkthard N ChapACcA V Lkntt•J Th8 TNrd Fljor Lan•10) l&)uw, L¥W Rogd SA1 SwanBOO Vl•rflONI SA18QY
Drnft Flnanclal Ststwnents •t 04 Aprfl 2024 at 16:05:34 AFON NEDD MINISTRY AREA CONTENTS P•q• Trustea8 rnwjrl lThJop8ndtnl Mi>Jl ststeMw of fwwK4al ¥¢lwAi•8 8heel Ntstes to th• fknandal thMents 9-20
Draft Flnanclal Stat•ments at 04 Apfll 2024 at 18:28:08 AFON NEDD MINISTRY AREA TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 tru8te88 kYe8ont Ihglr ann1 report fKwicl81 sfatemerts for yow ended 31 De¢thMlw 2023. flnan¢lal slatemenls havebeen In accordaralthth0 arJr11ra pol¢8 8&t tyjtln not8 lo tho flna 8tstemants and comply th lh6 11S g0vemj dlxumenl, Charllles Act 2011,.Accwnftg ar ReFthlng by CharNle8'. Slatem8ni of Recommended Prxtke aFvlicable to ¢h¥tlth preng th6ff accwnts In accofd8n¢e vlth the Finandal Reportlng Standard appllcat4e In UK c41rn18Th1 (FRS 1W2Y {8ff8cUvo 1 J8Nary 2019) and tho Church r8wdalw8. Obl•¢tlv68 and aGtlvltl•s The prtynollon ol tho whole $610n olthg pa8tornl, v48W8Uc. S(181 In Parfsh. rovigw our alma, oblecllve8 8nd actfvllleg gach year. Thls review look8 81 at w& have 8d)16ved and the (rt¢0M•S of cur In the pr8vth8 t7¥8 months. Th8 alBO h¥ u5 lo an8ure (xx alm8. ob)èths and acllw'lleB remaln fwu8ed on our 8talod obj1¥85. h8ve referr&J to th8 guklance contaln8d In Ihg Charlty Commlil'8 gen&ro1 guld8[6 on public bènefit vfvn rebknAng alms and oblb¥e6 In Jonrdng our lulurg ac1lI1es, In partlcutar the 8p¢¢ttk guidance on Charmes for tho 8dvanc8rnent ol Thi¥ en8ur88 Ihol we Gonilnue c¥Jr pu098 of enctyJr8s4ThJ bdiets, 1on¢ts Prac¢ of CM8tlwlty, Ihareby kIrj folltrAwo and by arj¥s91n9 Il&l8ung the practice of the Chrttllan Fth by exlBtkro fdlmrs. En(¥Juraglng and fwlitallry t pr¥ ot tho Chrl8tl•n Fth by chur$ AWGh kndudes the fonwAwJ'." The proOn end malnterranc8 of th8 Churche Gonducilng row18r Chil$lian YKshlp In the I110 . The celebrallon of thtr Hoty EhartS1, bgptlwns, mar•8 ond Th8 malnttrnance ol chrI8tt pla¢80 Promouro th8 Bludy of Chri81kn I8h1n9, pr8dke8 ar¥J 8¢rfU Safeguardw pc4ldos arts kn pixe at all clKYches Followlng both Church In gnd DIoc684n i)Jd In 8ddMlon lo the above, Chrlsli8n devotlond ads 8nd troach vrk18 carrled wt Incknjing:. . M8111ng lh8 ddf. . Admlnisleflng the gacfamen18 to th086 urwblé lo allwvj rgw acts to ihb 8lc and d. Supportlng pastoral work. Supporliro work carried rAI by olhwCM'8t ageth. . Fo8terfn9 ecum8nkal flnks betMen dlfferent Chr1611an Iradltkns. To fadlltal• thkry wth11 Is IMPtsnt thAt w• mdntaln the fabrf¢ rllhe CIMKcheL Achlèvem•nts ind p•rformanc• Slgnific8nl acfvlffas and achI8men18 8g8ln¥l 01¥1 We have 256 onThe Electoral Rol 011 MlnlstyATea. Thè pandemlc h•6 an offt on K4llfe rd worsNp In tt)e chwch. In 2022, Ihe Church of Solnt Pelèr Paul was ckwj. oThJ Iha declarntlon of redundancy 1$ aw*t•d. RevererKI Alfjs Reeves vfds winled a$ tha De In tho 8ro Arn Mimty Am In th8 DtOC888 of Sglnt Oavld'B and18ft the MirislryP408 1)efore Easter. Thwe are rKMI iwo vae9 Ihe mie olTeam IllcBr. Reverend Ltre Trèmbl1¢1ls W Ihg I4&nlsty Arna at IhD rhj of l)w&nbw 2023 lo conllnue her traknlng th8Aberon Mlnl8tryArea.
Draft Flnanclal Statements at04 Aprtl 2024 at 16:28:08 AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Re¥kn ofthe year- ForAMtherdelaMs phase lh8 HAa Report 2024 Hmvw, ongS1 some of the ¥tithe8 that tL In Ihè MIre• to th8 erwj of 2023: . Thg 14trJ8tsrd Seed ProipLI Stted by RevereThJ AM Gon1knlI0 provlde 8odd Interaclth 8B wnll home for Wl Foodt• . Me88y Church wa8 relaWth in Ihe N88lh ec8111 lo the exdleAt YJrk dono In Skob) by Ihfi 8xlslkng Messy Clxth Tewn Ilwe. . Th8 work of the MotheTS Branche8 MA was 8lrwVhen&l and 8UPPThtod n•w members and teok part In 8 Thjffltér of 6v8nlB. Ind4Jlrg a Bannel FlIV81 In Uandaff Cathedr81. . Th• Noolh con8tlluerq reknunched 118 S•Y 'SLWKWs Coc4" riTh alon98id8 the 11.00 EhIst kn Saftt Davkl's Chwth. . Members ofth8 MA attended Llondaff Calhfdrnl E8 88 pgrl olthe neh¥orf(Ir¥J •rrnngomgDlg tho fjocesè. . Th8 oul¢JooT Nafmty SeThlce on Ad y Bryn k) Tonmwhy con11rm to bo 8 regLlar s90nd1 t. . Saint Mary's ClyJch Hall was $ohJ arKJ coTrJi8g8lk)n ar• cortlrnlng to ¥AKI plan lor rodev¢lopment of thg rear ol chuTth for 6c381 pKIM"lies. . The Pwlsh Relreal look placo 81 Salnl Te.$ CIKK¢h lft T+rn ¥11$ toAel Y Bryn Fwm a meal tOg6lher 818ryn Belw8. . An Art8 Fè8dval kKJk rAace In frkath In t4 partkpated vonw lor dl•F4oy8 and aclmlles. . The 8ale cl Salnl cathert.• Chwch Clwx¢h Hal tAtyre ¢p1$ lolThvlrvJ Iholr cJN¥o 8FMI rtsdund8ncy. FlnBncll rvlew The ov•rall finarla1 re81lts indK81e that both unre8lrkted and restric ILrwJ8 elated surplu8es. Tho deiail8d results ate thBdos00 in the attached 1 slatemerts. Resorve8 PL4icy The MAC ha8 a poly of ro1air¥ng resrm fLnJyto ¢onlInl ofthe Mlrrf8lryArea. su3 lunth, where av8ilobl8, aro r81akntd M 8 Trga$w tho r•qiir•mw8 ofth? MAC. mojorkS The MAC con8id8r8 lh8 m8ior ri8k8 lo %%bKh the Charlty L8 exposed e8labUshe$ 8ysleTh lo mlllgale those risks. The ri8k8 f8clng the Charity Inchjtje Ihe Slate ol r•paw ol IM dwrche8 afKI the financwl roquir8menlB to meel day lo dayathninistrallon. The fabiic oleKh clK¥th is conlKiua#y monStorgJ bythe CI¥Jrth, 8UtHYord&)s and reporlfjd upon to ihe •A4C', the fin8nc85 are corroll¢d ty cweful budoetlng aThJ wlort app$o1 to tho worshlpers Bnd olher luNI raislrKJ aclmues.
Drdft Flnanclal Statements al 04Aprfl 2024 at 16:28:OB AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for futuro perfods As Ihls 18POrtl6 being MPri&, Ih8 new MinislryAT8a Is ex8mSning Its PTiOrtUes and alms. Thls Is belng dong In ¢¢)nlunctlon I1h the AeacOn3 ol the Dloeese of Uandaff as ol IheAr m$4Iat W¢XO88. ThiB IB a delopIng process as Ihe Mlnl8ty continu88 lo'bed in" and rthU(y)8hlps are formod vAlh It rtstiluenl churche8, thelr memlJ8rs and organ6satkn$ kniol¥eAI. In Ilght oflhi8 our major priortty conllrMJe8 to be IheTAbeiw clowctyvJregakn8 fOllAg th8 Oaod gffec18 of Ihe pan(kml H&ve[, we asplre Ih8t withln th6 next ye8r w8 can conskler the f(hIAng.. To conb'nue ¢r w)rk vlth children. 5lIng Messy Church ts held more rngulaty; That's&v's CcJl' conllnu88 to gr(Av and lo work al daveloF4rYJ youlh mlntslry g?nwg1ty, bulldlng on Ih began by the Engagèment Olllcer aThd the Faith Mgttrf inhlalfvv. To IDok at the of our chuch iKrildros to devdcy better faclmtles r•Jular malntenarKe of them In conluncllon wllh the rthty constituted Propety 9nd ch8$ Tearn CPACTI , To conunue thlth Ihe regular prnyor & t4tl8 St gro . To dovelop and Y)lInUe wothing ¥Alh scho¢A8 kn the MlnlBtry Ar88 and. In partlcular. oty Clwrch Scfv)ol. . To 1081er and enhance cL¥DmIty vthlro IhroiNJh tho Brftm Fwry Communlty sh and th8 group¥ that use Ty Sanle8 Falr. . Tol conllnue lo lth Chuth Togth 9POrt tho of Foodbank. Th& bAAiun8 well Ihar8 ty and large to thg¢onllnued siw(xl andflsdoffl dlhe MhstyAr•a L•Ad•r, MAC find the mony vdunl¢ers wtho wlllln&4y givè ol their Ilmo arKI w•rbnca. 8tructurffi gov•rn•nc• and m•ng•m•nl Th& Alon Nadd Mlnl81ry Ar88 {ANMAI (ne Into belng cn t1 Jar•Jary 2022. It compiiS•G th9 fcqm8r ParlJh68 of SK&wen 8ThJ Brlton FenylLl8n8ewel tho Reclortal 88Mfice of N••lh th6ch wa8 ro918ter8(l Ihe ChaTIty Comml8slon on 9 Fobnjary 2010 under Iho nBm• ol R.B. Neath Parcthi81 Crth Councll IPCCI. The charlly number 18 1134218. The n8wANMA rel$ the samé thartty numbw. It perfMn8 Its r8 throlyh Ihe Mlnlstry Area Coundl (MAC) whkh18 Iho name of the Iruslee body In F4ace ol tho PCC. ChCh Wlding8 th the BfiCe.. Sl Thon)a$' Church SI DBYld'6 Ch[h Sl lIttyd Chlbrch Ss P81era Pours Clwr¢h, Cknla- C1)sed4Th8w8ttl crfrndun(kn¢y. Sl Teilo'3 Churth. Tonm8wr Sl JOI,8 Church. Sk8wen SI Chu, Uansay1 Ty Sant88 Falr, Skewen
Draft Flnanctal Statements at 04 Aprfl 2024 at 16:2UqJ8 AFON NEDD MINISTRY AREA TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Mlnlstry T•am MlnislryArea Leader (In¢umbent}.'The Rev'd Canon Lynd8 MIs1ryArOa Lay Chalt: Mark Rilzm Team ffi¢8r8: Reverend Retrm, Re¥erthJ Chfis C(Ae$ CurJt¢: Vacant Deacon: Ro¥erer Lozy TrNICholLI 31 08¢amiw 2023) Reader." Wardens and MAC M•mb&rnhlp MA Leadefs Warden MA PeO8'8 Kden Judlm Ccle MA Trèasurer Paul Bar¥(0X Offkno) MACoun¢ll M•mb•r• si. Iiityd's Church St. Thom88' Chur¢h Sl. Davbd8'8 Church Clarn E¥ans, fjn Berwbett Sl John's Skewen Kay BrlttM. HcMeN Pr Sl Mory'8 Brllon Ferry N811 H¢7well8. AlIK Frartl# SL T•lkn's Church CovOPt•d hl•mb•r•: Gw Calder IMA Bookke8POT) C8lhArchard Isafeguarthng Cffico Judth (MAC seth1) The Iwslg88 re[ was woved by the Board ofTnxtO95. Mr P J Bonnell Tru•l•e Tho RovwMd C8n(m L.E. Nffm Trusts•
Oraft Fln•ncl•T Slatsments at 04 Aprtl 2024 at 15:115-.34 AFON NEDD MINISTRY AREA STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 To fvlty V4ilh Ihe prOlCS of CtX)stMul1 ol the Cljvrth In Vkles in thh)Islefing Ihe ANMA vAth wr seven ¢MJi¢hes d St ThLrfn8s, Sl llltyd. St Dabid. Sl Jthn, Sl Mary. Sl T5). and Ty &nle8 Fr. The Church kn leS Is a wilhln the Ajigkgn and. 88 suth, ex15ts lo adwar Ihe Chlislian relbJloA Ihrough missirj). Th8 objeca of Iho PAA Councl i& io enJure Ih81 Ihe k ofllw Clwjrth wmhkn thè kllthlry Are• hs lo thal mlsskn. Ixrth and nbx¢ wkl. . Th• MAC. kn not 8 tndy cwale. Its r>)mwwticffi. and are reoul81gtJ by the Conslllution of in Wal8s. as frtyn lkn& lo Ilmo by tts Govemkng 8ody. $&t up undgr Section 13 {11 of Ihe Welsh ChLKcthes Ad 1914. arg at an arThJal vtsstry modiThJ whlth must tak8 pl8C8 on C before Aw4. Th• rwgons nam88 are enterod IM) th8 F.leL#cnl RON aro enllllod lo volé and to sland lor eloGtk)n. B•lor6 assUrya offlc•, o¥ery mwnber of th8 Coundl mLb6t Glgn dedoratkn Ihal he or she bCd by ts c(11tutkn. The Rgpr8aantallve Bc#Yy of Iho Chlxeh in vleS hokts t1 land a)d prortY ot thé Crth In Wal88. du¢Jng St. Thm8', St Wfyrfs. Sl. Dtt6. Sl Jthn. St Mary. Sl Telo. and Ty S9nt¢s Falr bulld15, Ihelr ¢ctents and giounds. The Repr•stI Body is an Exgmpt Charily and w&8 up sIK)n 13 {2) of Ihe Clwfth Ac48 1914. 11 ad8 on behall ol th8 0¥ince kn poykng Iho 61Wids ol futIm0 rgy. 1118 the re8PM6U)dily of the Mini81ry Lè8d8f {IrvJJnknl, Il Minislry Chair ond Ihè MAC to con6ulI tty3ether and lo ¢TrOra16 In al mèltrfs of cortn aThJ impor181 10 ts b8nefice lor the womollon of the wholo MISOn ol the Chw¢h, pastwal. ev8roekgtk. god81 e¢umenKal rylhln lh¢ MA. The MAC 18 8180 responwble l( MA trget8nd 8¥pdAUrI Ihw• undw. ¢w• and mainl8narKA ol the thurch fobrtc, 9rouwwJ5 and ¢hurcFtyard. The 16 allo Ihe norTl thanMI d DJmmunk4tbn belw¢•n pwIslnS Ihe Blslw d Il dkxem. . h1n the MA is Ahjwman Sd. Th16 sclM)oI N8 to the will ol Aldarman Joth Da who left ¥ legacy f(x Its I0kn9 kn 1719. The I.sIry Arèa C0J11. Ilnujmbsnl), the Cw¢hw8nJ¢ns. Iho'ovèrseer3 of the Bie the Tntsiees. They h8nd Ihe dalCY wnnhw of the sdbx4 10 a Gowinkng B¢yJy appaini8d in 8c¥xJidan¢o wlh pr•8•nl day Educth"ort L¢wL¥ti. Th• cimlcdum laughl is in a¢¢C¥dan wAh Ihfj tts ol Iha Cl1( kn . Th• MA h¥8 a po81(nl irt•r8st In Ihe U1n Alm8 Inj 1897. Mknl8try Arn8 L•ader 1$ th• ¢)nty 8X¥offiw TDJ81•• ol thi8 d)athy. The Objective of Ihe Afon Nedd MI1ry Area its setn churthe¥ is Ihe Mlsslon 8nd mlnl$lry ol Ihe Chik%lian COmftKlty this place. Thls is lry 1 its 4iilual 6jaI ad(11. Th888 are desLYlbed In detall kn Ihe Mintslry Area Le8derfs Pa¥lw4 r¢wi Is we8enlod al th¢ Annual Vestry Mcoting. The me obie¢tiVg is Iho loTalon ol Chiis¥an wor81wp Sundays aThJ piSncSpal fee IJ8y8 and Ihe wod&malM)n ol Ihe gospel Ihrouoh Ihis wornhip. This Mlsslon Is acoJm[4i8h kn fx>opwath)n %¥llh the DXe ol udaff and Iho Ama Deanery ol Nealh & Port Tglbol.
Draft Flnan¢ll Stst•m•nt• at 04 Aprfl tt24 It 1S:OS:34 AFON NEDD MINISTRY AREA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFON NEDD MINISTRY AREA l Teport lo Ihe twslees on my exsmlnètbn ol the fthancl4 $tstèrne ofAfon Nedd mAre3 Ohe charttyl for th¢ yèaf andad 31 DecnIr 2023. RpOnsIbIlItIat and ba•h of r•pcAt AB lh8 Irustaès ol Ihe tharily you are resp18 ts the W8[11 ol the financi In alrdn wlh tho r¢qulremenls of Ch•ltl8sAd 2011 2011 kl). I rèpotl iii Itt¥pa of iny 8xaininaliLW ol Ilw ethaiills fM)andal Ststsmenls cIMr1 oul U[8 Sèdi( 145 ol Ihe 2011 Acl, In canylng ovt my examinalion I have al opO"cabba tir8dions by the Charty Comrnlub)n under 8edH)n 145(5)Ibl ol Iha 2011 Ind•pond•nt •xamln•e$ 8tsi•m•iit Sln¢¢ th¢ charliS gross exceeded £2Y).OC#) your tMor rnisi be a nMi)r of a bc¥ty lislgd In ¥¢¢tbn 145 01 the 2011 Act. I Confi that l am qUalifd lo wrtake the ex8min•litin b8e4we l am A member ol lh8 Assodallon of Ch•rt•red Certbfted A¢¢owrtants. Is on• oflha todlo& Yow 8llthon ss drwn 19 lh8 f8¢a th•t Il h•8 wepared finarnaol $181em8rt8 Yi ¥oxJrdarth wllh k¢otsnting and RapClIng by Charltl88 1r acc4)unts in aCtar wllh Ihe Fryndal &gnd8rd 4)FIic8blo in th8 UK &nd R8yJbllc ol Ireland {FRS 102} In prèlérence lo the /+£awnlhg ar¥J R8portkny by Charflies.. Stalèmanl of Ra(x)mme4Kled Prth rdwwj l• r8lwi•J io kn Iho ext)I f•gul8t)n8 Iwt has n( bean vAthdrawn. l UThjerand thBI thki h•¥ b•en de In order kn Inondd al•t¢mw lo prthide o Iruo wvj lalr In awd4n wh Gener811y Acwted Ating effedp•VJ kn rewrtlng w¥)th bBgnnkng ijn or 1 January 2016. I h8w ¢ompleted my ex8ntkIn. l ¢n&m th81 r•J mal¢ws haK• me to my •lIen0c in torn0n wlth thè 8mInatiOn wing mo cause lo Ih81 kn any MOal res.. )untlng re¢4ids nol kept In 1•6PeL# of Ihe rjwly #s r•qLed ty 130 of I 2011 Ac4: or Ihe finarKiol glalements do nol 8¢C4vd with tfv)se rec(xd3", or Iho finarK4al sl•18m•nls do Ihe appiabk• i•]ulrem8nts fAincAryrnvJ th8 lomi ¢)ten1 of XCots 6el ¢)ul In Ihe Charttles IAc¢ounls and Reports) Rwl8ti$ 2C>J8 other Ihw any WUlr0nI Ihat Ihe Igtr Is nol 8 mallef ts)n•hjW as part ol I•penl exwnlroli(). I havo no o)ncems aThl have ¢crn a(¥05s M olher m8lters In 0)nne¢ wxh Ihe examlnokn to TIch attenllc shcld bu drawn h Ihls i•pJrt in wdor lo •nabl8 a oflh• thlemenls lo bè raathed. Rlch8rd N Chapple ACCA WBV Llmlt•d Th8 Thlrd Fk>y Langdon Hou88. Road SA1 Swansoa lOrfrOnt Sw8n3e8 SAI BQY Wales
Draft Flnan¢lal Stat•m•nts at 04 ApTtI 2024 at IS:IIS".J4 AFON NEDD MINISTRY AREA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrnstrlctod Rmtrlctsd fvnd• fvnds 2023 202J Total Unrnstrlcted R•strlctsd funds funds 2022 2022 Tot1 2023 2022 Nots• Income from.. Oonalions 8n(118g8aes Charilable aCtItieS Olher Itbding aLMII88 InveBlments 82,087 176.517 19) 495 8.106 62237 178,012 94.4( 4.213 228.365 163.782 98.341 515 5270 233,835 163,782 1C4.023 521 Total Incom• 329,936 6,934 336,870 491,(KJ3 10.958 &Jl,981 Ch8ritai4e a¢UvAles 383.033 2.257 3852 34S.282 IM48 348.930 N•t Intomollexpgndllurnl •nd mov•Fnonl In fibnd• I33,n (28,420) 145.721 9.310 155.031 Reconclllatlon ol fund•: Fund balan at l January 2023 517.611 291.15 371.8 281.785 653,675 Fund b•tAnc•• •t 31 D•c•mb•r 2023 184,614 295.7n 780.286 517,611 291.095 808.7C The sl8l•monl of finan¢lal adlvllkn Inr1•$ al and lostes Ihe year. AM knrxyne aThJ expendllw¢ doth4¢ from condnuwyd a¢11¥$. The n81 trement In unr•8trlcl•d fiJN1s of £146.721 In 20r2 ¢4•h r•SWl ai 1 J¥KI 2022 pertalnlng to parlshes that were Ml part ol the lo date. The amourt re(W totamod £147,104.
Draft Fln#nclal Statements at 04 Apvll 2024 at 16'.05:34 AFON NEDD MINISTRY AREA BALANCE SHEET AS AT31 DECEMBER 2023 21123 3022 Flx•d Ai8•t8 Tangible 48sè18 11 215,311 218.294 Curr•nt 418•ts Slocs Debtors Cash at b8nk and kn h•nd 12 13 2.730 11.099 7.171 7.443 577.578 603,181 Cr•dltor•: •mounts f&Hlng du• vAthln year 14 12.rt 10.769 Nel (#JThert 889•ts .97S 592.412 Tatal a•••t• t ¢urrnnt Ilabllitl•• 780.286 808.708 Ytt• fund• of th• th•rlty R•stricl•d InM funds Unre8lrld¢d fvrrfls 29S.772 484,514 291,095 517.611 7K1286 Th8 Ikiandal 8lJl•m8nts were awov•d by tho Irustth& on......................... Mr P J 8ernott Th8 R•wrar¥J CarKffi L.E. Nwwm8n Tru•l••
Draft Flnanclal Ststem•nts at 04 Awll 2024 ¥t 15:06:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AcGounling poWcl•$ Charlty Informallon Afon NJd Mini31ry Ar is a Chwfty. llh lh• Chaiiy CryNnlknft 9 Fetsuy 2010. Tho ¢h8rfly number Is 1134218. 1.1 Aceounllnu eonv•ntlon The ffian(i31 stat8ments h8vé been pl•d a¢))ydanea lh Ihe Charl¥ Ala 2011. the in Wal&s AccounllrvJ Reoulatlons. the Fknartdal Repj Slandard a[1#t1 In UK and Repthlc ol lrnland. fFRS 102.1 and thè ChariliR8 SORP"ArxouNing •nd Rep111 by Charit8.. Slalemni of R8MMended Pracll applcable lo charttbti5 praparing th9¥ accourts in aLwdarth wh Ihg Financaal ReFthlng &Andard applicable In the UK Repu¢ ol Ireland {FRS 102)" (effeclvo 1 January 2019). The raity is a Pubb'c Benefft Ertity a8 defined by FRS IIJ2. The thadty has taken thanlago tsl thè prO44S) kn th8 SORP charMl•s nol lo 4 St818m8nl of C&sh Flow8. The finortlal 51alèm•nis ha departed from tho ChaTltles {A¢(xiunts R•rth8) Rogulallons 2008 Io Iht exlenl rèqulred lo wovkle 8 tnje lalr Thls departure ha5 Invel Ihe Slalemeni ol Practic8 lor tharikn•8 ap1¥¥j FRS 102 rathw than Wrnbon of SlalwngTrt R¢c£fftnd•d Pradl¢¢ vthb Is releffed lo In lh8 Rogulalb)n8 wPdch ha6 thc4 b•8n w#hdrAWn. Tho financtal $18¢effl1# woparod Ya fu1•1 (awre of th8 thlty. Monatary 8mounl6 In Ihe6e Ilndd st8tement8 8r• rounded to the noare81 £. Th• lInoI 81alp1Tjts h8¥0 wpored undar th L?} o)n4tr1th. The prlndp•l w¥J)untff polkb8 8doFi•J 8r¢ set tyjt bel. 1.2 Golng conc•m Al tho tlmo ol apprnn9 Ihe fThndg18tsiement$. th8 INstees a reason8trkn expecta11 Ihai the ch•ty has 8dequ8te re8tyJrces lo cmtknue In ¢weI1 exknIe for Ihe ltsrosee8ble hJlur¢. Thus Iwsla6s ¢onlknLto lo adoN the {>)M of Ihe ffinancial Slatw IJ Ch•rlt•bl• lund• Unreslrid8d fund6 •r8 a¥tht40 lor u8• at th• th8L¥di of Ihe Iru81886 kn fiwiheranc• of ihelr thwit8t49 obbctlve5. Reslrthd funds art subloct to spe¢Jfi¢ cordtlon8 by c pr1018 #B th8y m•y be used. Th• PUFWJ5éS and u8e$ ol Ihe reslrkled frjnds Bre se¢ Lwl In Ihe notes to the fin*d81 statemenl 1.4 In¢¢yn• InrnIng fe3OmS we al lor gro88. Gfanls and legrn er¥ accwnted lor the MAC1s legalty enllued lo the ¥mwnts du&. Al dher hu)mè 18 genor8Hy when il is
Drnft Flnanclal Stat•Dnt# at 04 WII 2024 at 1S'.05:J4 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eounllng poll¢les (Continued) 1.$ Expèndlture Parish share is pakl regul81ty and ig indled Ihe yow lo il ralai88. Unrestrkled lund gratrts are wnised then deleffln ty Ihe MAC. t$ reIved ydlk8Uy lor 1Th8tn& w8 d•&1 vthh 88 ra8trid&J tho W"ly (or p8y11 ' r8¢wlsed thwi Iho amounts are rec•tr¥ed. Al olhor genernI rg¢¥w116d when it 18 1.6 T•nglblo flx•d •8•01• TanglL48 fixed 86s6ts ar8 Inltiawy rr•a8w•d al Cl and outsenUY nawred 81 txAt v011. n•1 of depredallon and any IMpml b)sS. Depredal1 Is recogn16ed 80 as lo ryfve off the c461 of aM¢t$ less IW roskJal Val u¥8r th Vlu1 Ilves on Iht lolkwkng bases.. Fr••hold land and tsjlldlngi Flxlur88 and tIIIiv48 Ml doyedatkn 8NI SO I8 b•ky4V) The gah) b)88 on Ihe dl8tw)sel ofen a¥ael Is detemMd 08 lh8 dIYerae bew) lh• Ml8 prod and the rIn9 offv aB8el. ar i• w9n1B ollkn•rthl cjrCh bdIn oxcept a8 noted in f0 11 to Ihe awxMml$ aro in Th8 R8pr888nl8lNe body oftho Cthur¢h In wa$. c$¢qUenty. r¥Jne tsl th1$ prcwrty fomw w101 IM a860ts ol I B8nofYA. Prtr¥lon for dowedatlon ol prq)erNes help by the Parish, Is mad¢ as lollcws'.- Cural•'¥ Hou¥• 1 Lillkn Lwis Ro•d. Neath NIL, a$ merkgl valuè16 8we8d io be ln exrAss of rAW.. Church Hall al Cthmla Ill off over) y$ from 1. 1.7 Imp•1Mlt of flx•d •o••ts Ai eath rewrtlno eTrS dele. th¢ tharfty rèylews Ihe cwryivd •mounls of Ils lanb BS3ets lo d¢tsmilne whtrth81 Ihore is •ny indicatiC Ihal Iho8e as8et8 ha¥8 $Lthed on impgimgnl k) 118ny suth inthcation 4xt$, thè rnco¥¢rth affi01 of the a880116 è6lhnod In der lo d•twmln8 th• oxl¢nt of tho inw8lrme h)66 I 8ny). lj Slock6 Slocks ar• 81 the af¢osl roalsabkn vakn. 1.9 C•$h and cash ooulvan(S Ca¥h 8nd cash 8qwv8l•nts incMJo r•h in hgrd depo h8k1 8t (¥# wilh bAnks. olhw 8W.14m) Ilquhj veslmenis wilh Or.81 malurtlk8s ol thrBe mL¥th8 (Y188B. bank o%vdrafi8. owrthafts aTe 8FMYWn within borr93 In ujrrenl Ik2blities. 10-
Draft Financlol Statemenls •t 04 April 21124 at 15:OS:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TrIE YEAR ENDED 31 DECEMBER 2023 orne from donalions and log1¢ Unrnstrictéd R•8trl¢t•d lund8 funds 2023 2023 Totsl iknT•strlct•d R••trtct•d futhds lund8 2022 2022 Totsl 2023 2022 DonalnS and gifts Oonalad go¢ds Beths 62,087 Is) 62237 81,201 5270 86,471 147.181 147,164 62.087 1FJ) 82237 228.386 5,270 233.635 Donatlon¥ •nd gbft• Leg8ae8 aNI gerTal donollon8 DBF Grant For 34.141 22.9)4 150 34,291 .484 18.417 S3,684 18.417 4,892 4.892 Notional Hthlio Othèr 5.170 5.170 150 82,C¢7 2237 81.201 5.270 88.471 Oonated ooodg nd •NI¢•g The. ¥M1n1 incliided in ?022 ielaled lo cash r•88r4ns Ixoughi Icthfwd Irom Pi¥Jf y&&rs. which w8rn Inlr(wJuc8d to Ihe Alon NOJ MI$¢ry the folcNINJ I10 ¢tsMtkns: Sl Iho B4xisi, Sl M*$ Brflon Forry and Ty Santes. tom• from ch•rftsbl• a¢ll¥ltl•# Unrn•ttlct•d R••lrf¢t•d lund8 2023 Tiknl ilwmtrlct•d RlI1¢tod fund• fund• 2022 2022 Tol•l 2023 2023 2022 Dlrect glviAg- plann•d 131.196 131.691 114.415 114,415 Dir•et glving- oth Iwjme trom 13.945 13.945 12.W)2 12.9)2 Indir•ct givlng- tsx r•fund• IrKome frctyn
J.378 3e.465 36.485 175.517 176.012 163.782 163.782 11
Draft Flnanelal Statements at 04 Awll 2024 at 16:05:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from oth•r tradlng actlvlil•8 Unr•8trlct•d RMtrlet•d funds 2023 Totsl Unr•Btrld•d RMtrt¢tsd lunds fvnd$ 2021 2022 Totsl 23 2023 2022 Trndlng acllmlly 88,302 98.341 5,682 104,023 2022 Pkn)n•yraln9 Magazlno sthAtslpllons arK1 ad5 Ebwls Tfj8co Vw¢h•r Schamo 3.543 40.339 1.250 Housa rental Church bulldlng renlal Weddirys. IerS aThJ wwi Lotiery bonus boll Other Bundry in¢tyno 14.075 19.220 8.423 29,764 104.023 Incom? Irom Inv•slm•nl• (InrnAtrlci•d Ro•trlc fund* fund• 2023 2023 Totsl Unr•Btrlctod RMtrf¢t•d nd• funds 2022 2022 Total 2023 3022 Int¢rtst recer+rnbla 4.OYJ 183 4.213 515 621 12-
r*ooirJ ¢Drrwinr 5 * (o 11152&1iilailll' Ill
c£ec•èuc iÈII,'Jliss111}1 <3C
Draft Flnnelo1 Stat•ments at 04 Aprll 2024 at 15:05'.34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Churlt)bl• activittes Outslde Parl•h Chr65ban SyrLa Earthquake Appeal Bthlsh Rad Cr05S CarKor Rosearch s AlrAmbulanr Royal Brltlsh Legkin Gaza App8al 938 4,197 In•ld• Parfsh Chufclw Tcylh DBF Fund 651 Hom• Salvallon Arniy Naalh Rolgry Cl 3ingh8m Shiln• Fiiend8 trfp8 SLmdiy donlOn Sl Dwrf$ Chwth Sundry dcfflalion SIThomas's Church Sundry donation Sl T•Uo'$ Twjlu 0¥ Nealh YMC.A M188ionlgrÈnt P¢)ph8m Klthoy R88oarch 11x1 1.140 8.578 11.3n Tru•t••• Nonè ol the tiuslees (or pl1¥S (x)nne(awJ wlh th•m) r8mLww¥IKffi b8n8fft8 Irom th• th8rily dwing tho yO8r. EmpW••8 a¥r8o¢ mMIIty nurnbor oleMpl)•S Ihe w88.. 2023 umb•r 2022 Numb 15 15 So18rieg for 2023 were £18.158 (2tr22 £14.870) soal s8(ntY eosis lor2023 were £40212021 É23n Penslon costs lor 2QJ wern £17312022.. E99) 16-
Drnft Flnncl#l Stal•mgnl• at 04 Awll 2024 at 1S:OS:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 TatIon Tho ¢4rlly exempl from laxion cffi Its becw8e al118 lor dw18b purFrt)888. 11 T•nglbl• flx•d ¥0 •Dd l¥JMlng• Co•t Al l Jonuary 2023 232.493 48.741 279,234 Ai 31 Oeexnbef 2¢)23 232.493 18.741 279,234 O•pr•¢l•tlon and Imp•lmwnl At l January 2L12J O¢wedatlon tharged In the yew 39,874 62,940 Al 31 Dwiber 2023 40.857 63.923 Carrylng •mounl Al 31 20Z3 209,427 215.311 Al 31 DofAmb•r 2022 209,427 8N7 216.294 The Frt•hold18nd and ixAdkngB c(..- Curate'$ Hou80- LiltK8 H8¥en ,427 Exp8ndlture Sl P•l8r j Sl Pauf8 Clxth Ham 23.1 12 Stotk¥ 2023 2022 Raw mal8rlal8 and 2,730 13 D•btorn 2023 2022 Amounts fjlllng du• wlthln ono w. Othef debtcrfs 7.171 17-
Draft Financlal Ststèmènts •t 04 AprS12024 at IL"06:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {cOriNUED1 FOR THE YEAR ENDED 31 DECEMBER 2023 14 Crndltorn: amtyjnts lalllng wllhln on• y•ar 2023 2022 (Xhar credltors AeAJals and delwj h)tY 7.201 s,9 5.400 12,f1 10,769 16 R•slrlcted lund• Th8 ifistricted fundy ol the ch•ity aimprm lh8 unexpended b8larMxs ol gran18 hèhl on In1 Io Spedtk ¢(dIOnS by as to h(yw Ihey moy ba u%8d. ovement In Iurtds l 102> •xp•nd•d 31 0•ThI 23 stawwd81Mp. L4¥reAYA funds Steward8hlp- Prop8ty lund Stewardshlp. PwocN81 mlss4oM Stvword8hip- Sl Thoffl to1 re81(Yalknn Sl Dawds. FFi6 St D8Mld$- Resrat Sl Da¥ids- Org8n (und Sl DaNlds. Suvpkis lund St Thoma8- FrlgNI8 St Thoma8- R•8toraUon St Illlyd- CharKI r8serve IwKI St Illlyd- Fiiends 13,648 213.828 978 18,242 16,758 13,646 213,826 978 18,242 21,515 7,052 2.825 11,810) 3.229 11e 12,011 6,170 14041 12,011 5.170 143) 387 291,095 (2,2571 295.772 18 Unvthlct•d fund• Th8 Unrgslt8d funds of tho ¢ity ¢(mWI Ihe un8¥)ded balawK•s ol donaucS and grants whlc are JI wJbjecl10 8pedfl¢ tsjndltlons by and granlors as to tsjw tlw may be UBO(l. The8¢ In¢de de8l¢n•led luNt$ been $¢1 asbje of urwestsic4ed by 1ruste lor wific puwe8. At 1 Janu•ry 2023 In¢omlw RMourc•s At31 rttourc•• •xp•nd•d D•e•mb8r 2023 517.811 329.936 1363.033) 484.514 -18-
Draft Financial Statw*nts at 04 Aprfl 2024 at 16".06.'34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMEMfs ICONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 76 Unr8slAetsd funds I¢MtlI)u6dl Pr•vlov8 wr. At 1 J•nuiry 2022 Inct)mlmg Ro•ouY¢ expèndèd At31 D•c•mber 2022 G8n8ral lund8 371.8 491.C P45,282) 517,811 17 An8ly•l• ol n•t •g8•t• ftmds UTrr••trf¢t•d fund• 2023 RMlrtct•d ndB 2023 Total 2023 Fund b4l•n¢e at JI D•c•mb•r 21J23 Ar• r•pr•i•nt•d by: Twgible asse18 Curienl au¢tsl(Uabllll) 3.797 480,717 211,514 84,256 215,311 S64.975 484.514 295,772 7ao.288 Unr•JJtrlcbd lund• 2022 R••trlctsd lund• 2022 Totsl 2022 Fund balan¢•• •t 31 DeG•mb¢r 2022 4r• r•prn••nt•d lry: T8iigibl8 ¥88018 Currenl as6eWk8Wllll88) 4,376 513,235 11.918 79.177 211J,a94 592.412 517.611 291.095 808,708 -19-
Draft Fln8ncial Ststomonts at 04 Aprll 2024 at IS:05:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 18 Flnanclal coNthnltm•nts. guarnnt••s and continglnt li•billtl•8 SL Illtyd's Church t19 Ihe year endod 31si Ofscomber 2(m aklJ refuthshment wa$ ¢cffipleled on Sl. Illyd Chvrth. The prY ¢))Bl apwDxMnatdy $283.2fy) was by the Hllw Lolttty Fund, CADW and Bw8fi¢8 lunds. Th• lemis of HwIl Lollery Fwd an1 11• that the grnnl li rewable tf th•'ApwobJ Usag8 (rf th& t1¢)9 ceases: 11 Is noi lime limilwj. .1 h• term5 01 the LAOW grant Ih4t tt Is fepoyablo 11 tho buikjlng ceases for Wors"p Vittrth 5 y&grs ol Ihe £want belThJ de. St. Davld'• Church- r•furbl•hm•nt Durlng Ihe yoar eThYed 3181 Dacember 2C07 reffiJtA£hment w(vk c)n¥neThd St. D¢vbJ's Chufch. The on Iho labrk of Ihe trdd¥j h88 been lunded by grnnts trom Ihe Herttoge Lotièry Fund. NPTCBC and from fund$ from within Ihe Churth. Tho H8189• Ltery FU1 grani 8t1plte8 Ihat rt is repayabl• if Ihe bulklkng Ca9$98 forWOrn vAlhln 10 y8ats. Th8 Cted Ihe 81 end&J 3131 D8c•nber 2010. St. D•vld's Chur¢h . To%wr The woigcl was C4YnF181ed durkng 2015. bl¥rtdard condllims r•lallng to lh• repMl d th8 orarts thxld w(thi) al tho chth ¢owi wlthln 8 8t1pUlod wic4J. alè In place. 8L Thoin••' ChuYGh - T1)r tlIn9 2015 a fund w88 Indd I¢yw f•P8lr8 lo bB oui.. llis f3 In 2018. 19 Reht•d party trnn•aGtlon• TheT¢ wero no +¢h)sgtA• rei*od p¥ty ITpM•ts• the y¢ar12tr22. Mne).
Ministi"y Area ed
Draft Flnanclal Ststements at 04 Aprll 2024 at 16:67:19 Charlty reglstratlon number 1134218 AFON NEDD MINISTRY AREA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 *fo Ministi"y Area
Draft Flnanclal Statem•Dts at 04 ArAII 2024 ¥t 15-05..34 AFON NEDD MINISTRY AREA LEGAL AND ADMINISTRATIVE INFORMATION Truste• Al members ol the MAC are ¢wAy trus18&8 Charfty numb•r 1134218 Prlnclpal addr••• 23 Ldn R¢d Naath SA11 ILE Ind•p•ndent 8xamln•r Rkthard N ChapACcA V Lkntt•J Th8 TNrd Fljor Lan•10) l&)uw, L¥W Rogd SA1 SwanBOO Vl•rflONI SA18QY
Drnft Flnanclal Ststwnents •t 04 Aprfl 2024 at 16:05:34 AFON NEDD MINISTRY AREA CONTENTS P•q• Trustea8 rnwjrl lThJop8ndtnl Mi>Jl ststeMw of fwwK4al ¥¢lwAi•8 8heel Ntstes to th• fknandal thMents 9-20
Draft Flnanclal Stat•ments at 04 Apfll 2024 at 18:28:08 AFON NEDD MINISTRY AREA TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 tru8te88 kYe8ont Ihglr ann1 report fKwicl81 sfatemerts for yow ended 31 De¢thMlw 2023. flnan¢lal slatemenls havebeen In accordaralthth0 arJr11ra pol¢8 8&t tyjtln not8 lo tho flna 8tstemants and comply th lh6 11S g0vemj dlxumenl, Charllles Act 2011,.Accwnftg ar ReFthlng by CharNle8'. Slatem8ni of Recommended Prxtke aFvlicable to ¢h¥tlth preng th6ff accwnts In accofd8n¢e vlth the Finandal Reportlng Standard appllcat4e In UK c41rn18Th1 (FRS 1W2Y {8ff8cUvo 1 J8Nary 2019) and tho Church r8wdalw8. Obl•¢tlv68 and aGtlvltl•s The prtynollon ol tho whole $610n olthg pa8tornl, v48W8Uc. S(181 In Parfsh. rovigw our alma, oblecllve8 8nd actfvllleg gach year. Thls review look8 81 at w& have 8d)16ved and the (rt¢0M•S of cur In the pr8vth8 t7¥8 months. Th8 alBO h¥ u5 lo an8ure (xx alm8. ob)èths and acllw'lleB remaln fwu8ed on our 8talod obj1¥85. h8ve referr&J to th8 guklance contaln8d In Ihg Charlty Commlil'8 gen&ro1 guld8[6 on public bènefit vfvn rebknAng alms and oblb¥e6 In Jonrdng our lulurg ac1lI1es, In partlcutar the 8p¢¢ttk guidance on Charmes for tho 8dvanc8rnent ol Thi¥ en8ur88 Ihol we Gonilnue c¥Jr pu098 of enctyJr8s4ThJ bdiets, 1on¢ts Prac¢ of CM8tlwlty, Ihareby kIrj folltrAwo and by arj¥s91n9 Il&l8ung the practice of the Chrttllan Fth by exlBtkro fdlmrs. En(¥Juraglng and fwlitallry t pr¥ ot tho Chrl8tl•n Fth by chur$ AWGh kndudes the fonwAwJ'." The proOn end malnterranc8 of th8 Churche Gonducilng row18r Chil$lian YKshlp In the I110 . The celebrallon of thtr Hoty EhartS1, bgptlwns, mar•8 ond Th8 malnttrnance ol chrI8tt pla¢80 Promouro th8 Bludy of Chri81kn I8h1n9, pr8dke8 ar¥J 8¢rfU Safeguardw pc4ldos arts kn pixe at all clKYches Followlng both Church In gnd DIoc684n i)Jd In 8ddMlon lo the above, Chrlsli8n devotlond ads 8nd troach vrk18 carrled wt Incknjing:. . M8111ng lh8 ddf. . Admlnisleflng the gacfamen18 to th086 urwblé lo allwvj rgw acts to ihb 8lc and d. Supportlng pastoral work. Supporliro work carried rAI by olhwCM'8t ageth. . Fo8terfn9 ecum8nkal flnks betMen dlfferent Chr1611an Iradltkns. To fadlltal• thkry wth11 Is IMPtsnt thAt w• mdntaln the fabrf¢ rllhe CIMKcheL Achlèvem•nts ind p•rformanc• Slgnific8nl acfvlffas and achI8men18 8g8ln¥l 01¥1 We have 256 onThe Electoral Rol 011 MlnlstyATea. Thè pandemlc h•6 an offt on K4llfe rd worsNp In tt)e chwch. In 2022, Ihe Church of Solnt Pelèr Paul was ckwj. oThJ Iha declarntlon of redundancy 1$ aw*t•d. RevererKI Alfjs Reeves vfds winled a$ tha De In tho 8ro Arn Mimty Am In th8 DtOC888 of Sglnt Oavld'B and18ft the MirislryP408 1)efore Easter. Thwe are rKMI iwo vae9 Ihe mie olTeam IllcBr. Reverend Ltre Trèmbl1¢1ls W Ihg I4&nlsty Arna at IhD rhj of l)w&nbw 2023 lo conllnue her traknlng th8Aberon Mlnl8tryArea.
Draft Flnanclal Statements at04 Aprtl 2024 at 16:28:08 AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Re¥kn ofthe year- ForAMtherdelaMs phase lh8 HAa Report 2024 Hmvw, ongS1 some of the ¥tithe8 that tL In Ihè MIre• to th8 erwj of 2023: . Thg 14trJ8tsrd Seed ProipLI Stted by RevereThJ AM Gon1knlI0 provlde 8odd Interaclth 8B wnll home for Wl Foodt• . Me88y Church wa8 relaWth in Ihe N88lh ec8111 lo the exdleAt YJrk dono In Skob) by Ihfi 8xlslkng Messy Clxth Tewn Ilwe. . Th8 work of the MotheTS Branche8 MA was 8lrwVhen&l and 8UPPThtod n•w members and teok part In 8 Thjffltér of 6v8nlB. Ind4Jlrg a Bannel FlIV81 In Uandaff Cathedr81. . Th• Noolh con8tlluerq reknunched 118 S•Y 'SLWKWs Coc4" riTh alon98id8 the 11.00 EhIst kn Saftt Davkl's Chwth. . Members ofth8 MA attended Llondaff Calhfdrnl E8 88 pgrl olthe neh¥orf(Ir¥J •rrnngomgDlg tho fjocesè. . Th8 oul¢JooT Nafmty SeThlce on Ad y Bryn k) Tonmwhy con11rm to bo 8 regLlar s90nd1 t. . Saint Mary's ClyJch Hall was $ohJ arKJ coTrJi8g8lk)n ar• cortlrnlng to ¥AKI plan lor rodev¢lopment of thg rear ol chuTth for 6c381 pKIM"lies. . The Pwlsh Relreal look placo 81 Salnl Te.$ CIKK¢h lft T+rn ¥11$ toAel Y Bryn Fwm a meal tOg6lher 818ryn Belw8. . An Art8 Fè8dval kKJk rAace In frkath In t4 partkpated vonw lor dl•F4oy8 and aclmlles. . The 8ale cl Salnl cathert.• Chwch Clwx¢h Hal tAtyre ¢p1$ lolThvlrvJ Iholr cJN¥o 8FMI rtsdund8ncy. FlnBncll rvlew The ov•rall finarla1 re81lts indK81e that both unre8lrkted and restric ILrwJ8 elated surplu8es. Tho deiail8d results ate thBdos00 in the attached 1 slatemerts. Resorve8 PL4icy The MAC ha8 a poly of ro1air¥ng resrm fLnJyto ¢onlInl ofthe Mlrrf8lryArea. su3 lunth, where av8ilobl8, aro r81akntd M 8 Trga$w tho r•qiir•mw8 ofth? MAC. mojorkS The MAC con8id8r8 lh8 m8ior ri8k8 lo %%bKh the Charlty L8 exposed e8labUshe$ 8ysleTh lo mlllgale those risks. The ri8k8 f8clng the Charity Inchjtje Ihe Slate ol r•paw ol IM dwrche8 afKI the financwl roquir8menlB to meel day lo dayathninistrallon. The fabiic oleKh clK¥th is conlKiua#y monStorgJ bythe CI¥Jrth, 8UtHYord&)s and reporlfjd upon to ihe •A4C', the fin8nc85 are corroll¢d ty cweful budoetlng aThJ wlort app$o1 to tho worshlpers Bnd olher luNI raislrKJ aclmues.
Drdft Flnanclal Statements al 04Aprfl 2024 at 16:28:OB AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for futuro perfods As Ihls 18POrtl6 being MPri&, Ih8 new MinislryAT8a Is ex8mSning Its PTiOrtUes and alms. Thls Is belng dong In ¢¢)nlunctlon I1h the AeacOn3 ol the Dloeese of Uandaff as ol IheAr m$4Iat W¢XO88. ThiB IB a delopIng process as Ihe Mlnl8ty continu88 lo'bed in" and rthU(y)8hlps are formod vAlh It rtstiluenl churche8, thelr memlJ8rs and organ6satkn$ kniol¥eAI. In Ilght oflhi8 our major priortty conllrMJe8 to be IheTAbeiw clowctyvJregakn8 fOllAg th8 Oaod gffec18 of Ihe pan(kml H&ve[, we asplre Ih8t withln th6 next ye8r w8 can conskler the f(hIAng.. To conb'nue ¢r w)rk vlth children. 5lIng Messy Church ts held more rngulaty; That's&v's CcJl' conllnu88 to gr(Av and lo work al daveloF4rYJ youlh mlntslry g?nwg1ty, bulldlng on Ih began by the Engagèment Olllcer aThd the Faith Mgttrf inhlalfvv. To IDok at the of our chuch iKrildros to devdcy better faclmtles r•Jular malntenarKe of them In conluncllon wllh the rthty constituted Propety 9nd ch8$ Tearn CPACTI , To conunue thlth Ihe regular prnyor & t4tl8 St gro . To dovelop and Y)lInUe wothing ¥Alh scho¢A8 kn the MlnlBtry Ar88 and. In partlcular. oty Clwrch Scfv)ol. . To 1081er and enhance cL¥DmIty vthlro IhroiNJh tho Brftm Fwry Communlty sh and th8 group¥ that use Ty Sanle8 Falr. . Tol conllnue lo lth Chuth Togth 9POrt tho of Foodbank. Th& bAAiun8 well Ihar8 ty and large to thg¢onllnued siw(xl andflsdoffl dlhe MhstyAr•a L•Ad•r, MAC find the mony vdunl¢ers wtho wlllln&4y givè ol their Ilmo arKI w•rbnca. 8tructurffi gov•rn•nc• and m•ng•m•nl Th& Alon Nadd Mlnl81ry Ar88 {ANMAI (ne Into belng cn t1 Jar•Jary 2022. It compiiS•G th9 fcqm8r ParlJh68 of SK&wen 8ThJ Brlton FenylLl8n8ewel tho Reclortal 88Mfice of N••lh th6ch wa8 ro918ter8(l Ihe ChaTIty Comml8slon on 9 Fobnjary 2010 under Iho nBm• ol R.B. Neath Parcthi81 Crth Councll IPCCI. The charlly number 18 1134218. The n8wANMA rel$ the samé thartty numbw. It perfMn8 Its r8 throlyh Ihe Mlnlstry Area Coundl (MAC) whkh18 Iho name of the Iruslee body In F4ace ol tho PCC. ChCh Wlding8 th the BfiCe.. Sl Thon)a$' Church SI DBYld'6 Ch[h Sl lIttyd Chlbrch Ss P81era Pours Clwr¢h, Cknla- C1)sed4Th8w8ttl crfrndun(kn¢y. Sl Teilo'3 Churth. Tonm8wr Sl JOI,8 Church. Sk8wen SI Chu, Uansay1 Ty Sant88 Falr, Skewen
Draft Flnanctal Statements at 04 Aprfl 2024 at 16:2UqJ8 AFON NEDD MINISTRY AREA TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Mlnlstry T•am MlnislryArea Leader (In¢umbent}.'The Rev'd Canon Lynd8 MIs1ryArOa Lay Chalt: Mark Rilzm Team ffi¢8r8: Reverend Retrm, Re¥erthJ Chfis C(Ae$ CurJt¢: Vacant Deacon: Ro¥erer Lozy TrNICholLI 31 08¢amiw 2023) Reader." Wardens and MAC M•mb&rnhlp MA Leadefs Warden MA PeO8'8 Kden Judlm Ccle MA Trèasurer Paul Bar¥(0X Offkno) MACoun¢ll M•mb•r• si. Iiityd's Church St. Thom88' Chur¢h Sl. Davbd8'8 Church Clarn E¥ans, fjn Berwbett Sl John's Skewen Kay BrlttM. HcMeN Pr Sl Mory'8 Brllon Ferry N811 H¢7well8. AlIK Frartl# SL T•lkn's Church CovOPt•d hl•mb•r•: Gw Calder IMA Bookke8POT) C8lhArchard Isafeguarthng Cffico Judth (MAC seth1) The Iwslg88 re[ was woved by the Board ofTnxtO95. Mr P J Bonnell Tru•l•e Tho RovwMd C8n(m L.E. Nffm Trusts•
Oraft Fln•ncl•T Slatsments at 04 Aprtl 2024 at 15:115-.34 AFON NEDD MINISTRY AREA STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 To fvlty V4ilh Ihe prOlCS of CtX)stMul1 ol the Cljvrth In Vkles in thh)Islefing Ihe ANMA vAth wr seven ¢MJi¢hes d St ThLrfn8s, Sl llltyd. St Dabid. Sl Jthn, Sl Mary. Sl T5). and Ty &nle8 Fr. The Church kn leS Is a wilhln the Ajigkgn and. 88 suth, ex15ts lo adwar Ihe Chlislian relbJloA Ihrough missirj). Th8 objeca of Iho PAA Councl i& io enJure Ih81 Ihe k ofllw Clwjrth wmhkn thè kllthlry Are• hs lo thal mlsskn. Ixrth and nbx¢ wkl. . Th• MAC. kn not 8 tndy cwale. Its r>)mwwticffi. and are reoul81gtJ by the Conslllution of in Wal8s. as frtyn lkn& lo Ilmo by tts Govemkng 8ody. $&t up undgr Section 13 {11 of Ihe Welsh ChLKcthes Ad 1914. arg at an arThJal vtsstry modiThJ whlth must tak8 pl8C8 on C before Aw4. Th• rwgons nam88 are enterod IM) th8 F.leL#cnl RON aro enllllod lo volé and to sland lor eloGtk)n. B•lor6 assUrya offlc•, o¥ery mwnber of th8 Coundl mLb6t Glgn dedoratkn Ihal he or she bCd by ts c(11tutkn. The Rgpr8aantallve Bc#Yy of Iho Chlxeh in vleS hokts t1 land a)d prortY ot thé Crth In Wal88. du¢Jng St. Thm8', St Wfyrfs. Sl. Dtt6. Sl Jthn. St Mary. Sl Telo. and Ty S9nt¢s Falr bulld15, Ihelr ¢ctents and giounds. The Repr•stI Body is an Exgmpt Charily and w&8 up sIK)n 13 {2) of Ihe Clwfth Ac48 1914. 11 ad8 on behall ol th8 0¥ince kn poykng Iho 61Wids ol futIm0 rgy. 1118 the re8PM6U)dily of the Mini81ry Lè8d8f {IrvJJnknl, Il Minislry Chair ond Ihè MAC to con6ulI tty3ether and lo ¢TrOra16 In al mèltrfs of cortn aThJ impor181 10 ts b8nefice lor the womollon of the wholo MISOn ol the Chw¢h, pastwal. ev8roekgtk. god81 e¢umenKal rylhln lh¢ MA. The MAC 18 8180 responwble l( MA trget8nd 8¥pdAUrI Ihw• undw. ¢w• and mainl8narKA ol the thurch fobrtc, 9rouwwJ5 and ¢hurcFtyard. The 16 allo Ihe norTl thanMI d DJmmunk4tbn belw¢•n pwIslnS Ihe Blslw d Il dkxem. . h1n the MA is Ahjwman Sd. Th16 sclM)oI N8 to the will ol Aldarman Joth Da who left ¥ legacy f(x Its I0kn9 kn 1719. The I.sIry Arèa C0J11. Ilnujmbsnl), the Cw¢hw8nJ¢ns. Iho'ovèrseer3 of the Bie the Tntsiees. They h8nd Ihe dalCY wnnhw of the sdbx4 10 a Gowinkng B¢yJy appaini8d in 8c¥xJidan¢o wlh pr•8•nl day Educth"ort L¢wL¥ti. Th• cimlcdum laughl is in a¢¢C¥dan wAh Ihfj tts ol Iha Cl1( kn . Th• MA h¥8 a po81(nl irt•r8st In Ihe U1n Alm8 Inj 1897. Mknl8try Arn8 L•ader 1$ th• ¢)nty 8X¥offiw TDJ81•• ol thi8 d)athy. The Objective of Ihe Afon Nedd MI1ry Area its setn churthe¥ is Ihe Mlsslon 8nd mlnl$lry ol Ihe Chik%lian COmftKlty this place. Thls is lry 1 its 4iilual 6jaI ad(11. Th888 are desLYlbed In detall kn Ihe Mintslry Area Le8derfs Pa¥lw4 r¢wi Is we8enlod al th¢ Annual Vestry Mcoting. The me obie¢tiVg is Iho loTalon ol Chiis¥an wor81wp Sundays aThJ piSncSpal fee IJ8y8 and Ihe wod&malM)n ol Ihe gospel Ihrouoh Ihis wornhip. This Mlsslon Is acoJm[4i8h kn fx>opwath)n %¥llh the DXe ol udaff and Iho Ama Deanery ol Nealh & Port Tglbol.
Draft Flnan¢ll Stst•m•nt• at 04 Aprfl tt24 It 1S:OS:34 AFON NEDD MINISTRY AREA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFON NEDD MINISTRY AREA l Teport lo Ihe twslees on my exsmlnètbn ol the fthancl4 $tstèrne ofAfon Nedd mAre3 Ohe charttyl for th¢ yèaf andad 31 DecnIr 2023. RpOnsIbIlItIat and ba•h of r•pcAt AB lh8 Irustaès ol Ihe tharily you are resp18 ts the W8[11 ol the financi In alrdn wlh tho r¢qulremenls of Ch•ltl8sAd 2011 2011 kl). I rèpotl iii Itt¥pa of iny 8xaininaliLW ol Ilw ethaiills fM)andal Ststsmenls cIMr1 oul U[8 Sèdi( 145 ol Ihe 2011 Acl, In canylng ovt my examinalion I have al opO"cabba tir8dions by the Charty Comrnlub)n under 8edH)n 145(5)Ibl ol Iha 2011 Ind•pond•nt •xamln•e$ 8tsi•m•iit Sln¢¢ th¢ charliS gross exceeded £2Y).OC#) your tMor rnisi be a nMi)r of a bc¥ty lislgd In ¥¢¢tbn 145 01 the 2011 Act. I Confi that l am qUalifd lo wrtake the ex8min•litin b8e4we l am A member ol lh8 Assodallon of Ch•rt•red Certbfted A¢¢owrtants. Is on• oflha todlo& Yow 8llthon ss drwn 19 lh8 f8¢a th•t Il h•8 wepared finarnaol $181em8rt8 Yi ¥oxJrdarth wllh k¢otsnting and RapClIng by Charltl88 1r acc4)unts in aCtar wllh Ihe Fryndal &gnd8rd 4)FIic8blo in th8 UK &nd R8yJbllc ol Ireland {FRS 102} In prèlérence lo the /+£awnlhg ar¥J R8portkny by Charflies.. Stalèmanl of Ra(x)mme4Kled Prth rdwwj l• r8lwi•J io kn Iho ext)I f•gul8t)n8 Iwt has n( bean vAthdrawn. l UThjerand thBI thki h•¥ b•en de In order kn Inondd al•t¢mw lo prthide o Iruo wvj lalr In awd4n wh Gener811y Acwted Ating effedp•VJ kn rewrtlng w¥)th bBgnnkng ijn or 1 January 2016. I h8w ¢ompleted my ex8ntkIn. l ¢n&m th81 r•J mal¢ws haK• me to my •lIen0c in torn0n wlth thè 8mInatiOn wing mo cause lo Ih81 kn any MOal res.. )untlng re¢4ids nol kept In 1•6PeL# of Ihe rjwly #s r•qLed ty 130 of I 2011 Ac4: or Ihe finarKiol glalements do nol 8¢C4vd with tfv)se rec(xd3", or Iho finarK4al sl•18m•nls do Ihe appiabk• i•]ulrem8nts fAincAryrnvJ th8 lomi ¢)ten1 of XCots 6el ¢)ul In Ihe Charttles IAc¢ounls and Reports) Rwl8ti$ 2C>J8 other Ihw any WUlr0nI Ihat Ihe Igtr Is nol 8 mallef ts)n•hjW as part ol I•penl exwnlroli(). I havo no o)ncems aThl have ¢crn a(¥05s M olher m8lters In 0)nne¢ wxh Ihe examlnokn to TIch attenllc shcld bu drawn h Ihls i•pJrt in wdor lo •nabl8 a oflh• thlemenls lo bè raathed. Rlch8rd N Chapple ACCA WBV Llmlt•d Th8 Thlrd Fk>y Langdon Hou88. Road SA1 Swansoa lOrfrOnt Sw8n3e8 SAI BQY Wales
Draft Flnan¢lal Stat•m•nts at 04 ApTtI 2024 at IS:IIS".J4 AFON NEDD MINISTRY AREA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrnstrlctod Rmtrlctsd fvnd• fvnds 2023 202J Total Unrnstrlcted R•strlctsd funds funds 2022 2022 Tot1 2023 2022 Nots• Income from.. Oonalions 8n(118g8aes Charilable aCtItieS Olher Itbding aLMII88 InveBlments 82,087 176.517 19) 495 8.106 62237 178,012 94.4( 4.213 228.365 163.782 98.341 515 5270 233,835 163,782 1C4.023 521 Total Incom• 329,936 6,934 336,870 491,(KJ3 10.958 &Jl,981 Ch8ritai4e a¢UvAles 383.033 2.257 3852 34S.282 IM48 348.930 N•t Intomollexpgndllurnl •nd mov•Fnonl In fibnd• I33,n (28,420) 145.721 9.310 155.031 Reconclllatlon ol fund•: Fund balan at l January 2023 517.611 291.15 371.8 281.785 653,675 Fund b•tAnc•• •t 31 D•c•mb•r 2023 184,614 295.7n 780.286 517,611 291.095 808.7C The sl8l•monl of finan¢lal adlvllkn Inr1•$ al and lostes Ihe year. AM knrxyne aThJ expendllw¢ doth4¢ from condnuwyd a¢11¥$. The n81 trement In unr•8trlcl•d fiJN1s of £146.721 In 20r2 ¢4•h r•SWl ai 1 J¥KI 2022 pertalnlng to parlshes that were Ml part ol the lo date. The amourt re(W totamod £147,104.
Draft Fln#nclal Statements at 04 Apvll 2024 at 16'.05:34 AFON NEDD MINISTRY AREA BALANCE SHEET AS AT31 DECEMBER 2023 21123 3022 Flx•d Ai8•t8 Tangible 48sè18 11 215,311 218.294 Curr•nt 418•ts Slocs Debtors Cash at b8nk and kn h•nd 12 13 2.730 11.099 7.171 7.443 577.578 603,181 Cr•dltor•: •mounts f&Hlng du• vAthln year 14 12.rt 10.769 Nel (#JThert 889•ts .97S 592.412 Tatal a•••t• t ¢urrnnt Ilabllitl•• 780.286 808.708 Ytt• fund• of th• th•rlty R•stricl•d InM funds Unre8lrld¢d fvrrfls 29S.772 484,514 291,095 517.611 7K1286 Th8 Ikiandal 8lJl•m8nts were awov•d by tho Irustth& on......................... Mr P J 8ernott Th8 R•wrar¥J CarKffi L.E. Nwwm8n Tru•l••
Draft Flnanclal Ststem•nts at 04 Awll 2024 ¥t 15:06:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AcGounling poWcl•$ Charlty Informallon Afon NJd Mini31ry Ar is a Chwfty. llh lh• Chaiiy CryNnlknft 9 Fetsuy 2010. Tho ¢h8rfly number Is 1134218. 1.1 Aceounllnu eonv•ntlon The ffian(i31 stat8ments h8vé been pl•d a¢))ydanea lh Ihe Charl¥ Ala 2011. the in Wal&s AccounllrvJ Reoulatlons. the Fknartdal Repj Slandard a[1#t1 In UK and Repthlc ol lrnland. fFRS 102.1 and thè ChariliR8 SORP"ArxouNing •nd Rep111 by Charit8.. Slalemni of R8MMended Pracll applcable lo charttbti5 praparing th9¥ accourts in aLwdarth wh Ihg Financaal ReFthlng &Andard applicable In the UK Repu¢ ol Ireland {FRS 102)" (effeclvo 1 January 2019). The raity is a Pubb'c Benefft Ertity a8 defined by FRS IIJ2. The thadty has taken thanlago tsl thè prO44S) kn th8 SORP charMl•s nol lo 4 St818m8nl of C&sh Flow8. The finortlal 51alèm•nis ha departed from tho ChaTltles {A¢(xiunts R•rth8) Rogulallons 2008 Io Iht exlenl rèqulred lo wovkle 8 tnje lalr Thls departure ha5 Invel Ihe Slalemeni ol Practic8 lor tharikn•8 ap1¥¥j FRS 102 rathw than Wrnbon of SlalwngTrt R¢c£fftnd•d Pradl¢¢ vthb Is releffed lo In lh8 Rogulalb)n8 wPdch ha6 thc4 b•8n w#hdrAWn. Tho financtal $18¢effl1# woparod Ya fu1•1 (awre of th8 thlty. Monatary 8mounl6 In Ihe6e Ilndd st8tement8 8r• rounded to the noare81 £. Th• lInoI 81alp1Tjts h8¥0 wpored undar th L?} o)n4tr1th. The prlndp•l w¥J)untff polkb8 8doFi•J 8r¢ set tyjt bel. 1.2 Golng conc•m Al tho tlmo ol apprnn9 Ihe fThndg18tsiement$. th8 INstees a reason8trkn expecta11 Ihai the ch•ty has 8dequ8te re8tyJrces lo cmtknue In ¢weI1 exknIe for Ihe ltsrosee8ble hJlur¢. Thus Iwsla6s ¢onlknLto lo adoN the {>)M of Ihe ffinancial Slatw IJ Ch•rlt•bl• lund• Unreslrid8d fund6 •r8 a¥tht40 lor u8• at th• th8L¥di of Ihe Iru81886 kn fiwiheranc• of ihelr thwit8t49 obbctlve5. Reslrthd funds art subloct to spe¢Jfi¢ cordtlon8 by c pr1018 #B th8y m•y be used. Th• PUFWJ5éS and u8e$ ol Ihe reslrkled frjnds Bre se¢ Lwl In Ihe notes to the fin*d81 statemenl 1.4 In¢¢yn• InrnIng fe3OmS we al lor gro88. Gfanls and legrn er¥ accwnted lor the MAC1s legalty enllued lo the ¥mwnts du&. Al dher hu)mè 18 genor8Hy when il is
Drnft Flnanclal Stat•Dnt# at 04 WII 2024 at 1S'.05:J4 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eounllng poll¢les (Continued) 1.$ Expèndlture Parish share is pakl regul81ty and ig indled Ihe yow lo il ralai88. Unrestrkled lund gratrts are wnised then deleffln ty Ihe MAC. t$ reIved ydlk8Uy lor 1Th8tn& w8 d•&1 vthh 88 ra8trid&J tho W"ly (or p8y11 ' r8¢wlsed thwi Iho amounts are rec•tr¥ed. Al olhor genernI rg¢¥w116d when it 18 1.6 T•nglblo flx•d •8•01• TanglL48 fixed 86s6ts ar8 Inltiawy rr•a8w•d al Cl and outsenUY nawred 81 txAt v011. n•1 of depredallon and any IMpml b)sS. Depredal1 Is recogn16ed 80 as lo ryfve off the c461 of aM¢t$ less IW roskJal Val u¥8r th Vlu1 Ilves on Iht lolkwkng bases.. Fr••hold land and tsjlldlngi Flxlur88 and tIIIiv48 Ml doyedatkn 8NI SO I8 b•ky4V) The gah) b)88 on Ihe dl8tw)sel ofen a¥ael Is detemMd 08 lh8 dIYerae bew) lh• Ml8 prod and the rIn9 offv aB8el. ar i• w9n1B ollkn•rthl cjrCh bdIn oxcept a8 noted in f0 11 to Ihe awxMml$ aro in Th8 R8pr888nl8lNe body oftho Cthur¢h In wa$. c$¢qUenty. r¥Jne tsl th1$ prcwrty fomw w101 IM a860ts ol I B8nofYA. Prtr¥lon for dowedatlon ol prq)erNes help by the Parish, Is mad¢ as lollcws'.- Cural•'¥ Hou¥• 1 Lillkn Lwis Ro•d. Neath NIL, a$ merkgl valuè16 8we8d io be ln exrAss of rAW.. Church Hall al Cthmla Ill off over) y$ from 1. 1.7 Imp•1Mlt of flx•d •o••ts Ai eath rewrtlno eTrS dele. th¢ tharfty rèylews Ihe cwryivd •mounls of Ils lanb BS3ets lo d¢tsmilne whtrth81 Ihore is •ny indicatiC Ihal Iho8e as8et8 ha¥8 $Lthed on impgimgnl k) 118ny suth inthcation 4xt$, thè rnco¥¢rth affi01 of the a880116 è6lhnod In der lo d•twmln8 th• oxl¢nt of tho inw8lrme h)66 I 8ny). lj Slock6 Slocks ar• 81 the af¢osl roalsabkn vakn. 1.9 C•$h and cash ooulvan(S Ca¥h 8nd cash 8qwv8l•nts incMJo r•h in hgrd depo h8k1 8t (¥# wilh bAnks. olhw 8W.14m) Ilquhj veslmenis wilh Or.81 malurtlk8s ol thrBe mL¥th8 (Y188B. bank o%vdrafi8. owrthafts aTe 8FMYWn within borr93 In ujrrenl Ik2blities. 10-
Draft Financlol Statemenls •t 04 April 21124 at 15:OS:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TrIE YEAR ENDED 31 DECEMBER 2023 orne from donalions and log1¢ Unrnstrictéd R•8trl¢t•d lund8 funds 2023 2023 Totsl iknT•strlct•d R••trtct•d futhds lund8 2022 2022 Totsl 2023 2022 DonalnS and gifts Oonalad go¢ds Beths 62,087 Is) 62237 81,201 5270 86,471 147.181 147,164 62.087 1FJ) 82237 228.386 5,270 233.635 Donatlon¥ •nd gbft• Leg8ae8 aNI gerTal donollon8 DBF Grant For 34.141 22.9)4 150 34,291 .484 18.417 S3,684 18.417 4,892 4.892 Notional Hthlio Othèr 5.170 5.170 150 82,C¢7 2237 81.201 5.270 88.471 Oonated ooodg nd •NI¢•g The. ¥M1n1 incliided in ?022 ielaled lo cash r•88r4ns Ixoughi Icthfwd Irom Pi¥Jf y&&rs. which w8rn Inlr(wJuc8d to Ihe Alon NOJ MI$¢ry the folcNINJ I10 ¢tsMtkns: Sl Iho B4xisi, Sl M*$ Brflon Forry and Ty Santes. tom• from ch•rftsbl• a¢ll¥ltl•# Unrn•ttlct•d R••lrf¢t•d lund8 2023 Tiknl ilwmtrlct•d RlI1¢tod fund• fund• 2022 2022 Tol•l 2023 2023 2022 Dlrect glviAg- plann•d 131.196 131.691 114.415 114,415 Dir•et glving- oth Iwjme trom 13.945 13.945 12.W)2 12.9)2 Indir•ct givlng- tsx r•fund• IrKome frctyn
J.378 3e.465 36.485 175.517 176.012 163.782 163.782 11
Draft Flnanelal Statements at 04 Awll 2024 at 16:05:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from oth•r tradlng actlvlil•8 Unr•8trlct•d RMtrlet•d funds 2023 Totsl Unr•Btrld•d RMtrt¢tsd lunds fvnd$ 2021 2022 Totsl 23 2023 2022 Trndlng acllmlly 88,302 98.341 5,682 104,023 2022 Pkn)n•yraln9 Magazlno sthAtslpllons arK1 ad5 Ebwls Tfj8co Vw¢h•r Schamo 3.543 40.339 1.250 Housa rental Church bulldlng renlal Weddirys. IerS aThJ wwi Lotiery bonus boll Other Bundry in¢tyno 14.075 19.220 8.423 29,764 104.023 Incom? Irom Inv•slm•nl• (InrnAtrlci•d Ro•trlc fund* fund• 2023 2023 Totsl Unr•Btrlctod RMtrf¢t•d nd• funds 2022 2022 Total 2023 3022 Int¢rtst recer+rnbla 4.OYJ 183 4.213 515 621 12-
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Draft Flnnelo1 Stat•ments at 04 Aprll 2024 at 15:05'.34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Churlt)bl• activittes Outslde Parl•h Chr65ban SyrLa Earthquake Appeal Bthlsh Rad Cr05S CarKor Rosearch s AlrAmbulanr Royal Brltlsh Legkin Gaza App8al 938 4,197 In•ld• Parfsh Chufclw Tcylh DBF Fund 651 Hom• Salvallon Arniy Naalh Rolgry Cl 3ingh8m Shiln• Fiiend8 trfp8 SLmdiy donlOn Sl Dwrf$ Chwth Sundry dcfflalion SIThomas's Church Sundry donation Sl T•Uo'$ Twjlu 0¥ Nealh YMC.A M188ionlgrÈnt P¢)ph8m Klthoy R88oarch 11x1 1.140 8.578 11.3n Tru•t••• Nonè ol the tiuslees (or pl1¥S (x)nne(awJ wlh th•m) r8mLww¥IKffi b8n8fft8 Irom th• th8rily dwing tho yO8r. EmpW••8 a¥r8o¢ mMIIty nurnbor oleMpl)•S Ihe w88.. 2023 umb•r 2022 Numb 15 15 So18rieg for 2023 were £18.158 (2tr22 £14.870) soal s8(ntY eosis lor2023 were £40212021 É23n Penslon costs lor 2QJ wern £17312022.. E99) 16-
Drnft Flnncl#l Stal•mgnl• at 04 Awll 2024 at 1S:OS:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 TatIon Tho ¢4rlly exempl from laxion cffi Its becw8e al118 lor dw18b purFrt)888. 11 T•nglbl• flx•d ¥0 •Dd l¥JMlng• Co•t Al l Jonuary 2023 232.493 48.741 279,234 Ai 31 Oeexnbef 2¢)23 232.493 18.741 279,234 O•pr•¢l•tlon and Imp•lmwnl At l January 2L12J O¢wedatlon tharged In the yew 39,874 62,940 Al 31 Dwiber 2023 40.857 63.923 Carrylng •mounl Al 31 20Z3 209,427 215.311 Al 31 DofAmb•r 2022 209,427 8N7 216.294 The Frt•hold18nd and ixAdkngB c(..- Curate'$ Hou80- LiltK8 H8¥en ,427 Exp8ndlture Sl P•l8r j Sl Pauf8 Clxth Ham 23.1 12 Stotk¥ 2023 2022 Raw mal8rlal8 and 2,730 13 D•btorn 2023 2022 Amounts fjlllng du• wlthln ono w. Othef debtcrfs 7.171 17-
Draft Financlal Ststèmènts •t 04 AprS12024 at IL"06:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {cOriNUED1 FOR THE YEAR ENDED 31 DECEMBER 2023 14 Crndltorn: amtyjnts lalllng wllhln on• y•ar 2023 2022 (Xhar credltors AeAJals and delwj h)tY 7.201 s,9 5.400 12,f1 10,769 16 R•slrlcted lund• Th8 ifistricted fundy ol the ch•ity aimprm lh8 unexpended b8larMxs ol gran18 hèhl on In1 Io Spedtk ¢(dIOnS by as to h(yw Ihey moy ba u%8d. ovement In Iurtds l 102> •xp•nd•d 31 0•ThI 23 stawwd81Mp. L4¥reAYA funds Steward8hlp- Prop8ty lund Stewardshlp. PwocN81 mlss4oM Stvword8hip- Sl Thoffl to1 re81(Yalknn Sl Dawds. FFi6 St D8Mld$- Resrat Sl Da¥ids- Org8n (und Sl DaNlds. Suvpkis lund St Thoma8- FrlgNI8 St Thoma8- R•8toraUon St Illlyd- CharKI r8serve IwKI St Illlyd- Fiiends 13,648 213.828 978 18,242 16,758 13,646 213,826 978 18,242 21,515 7,052 2.825 11,810) 3.229 11e 12,011 6,170 14041 12,011 5.170 143) 387 291,095 (2,2571 295.772 18 Unvthlct•d fund• Th8 Unrgslt8d funds of tho ¢ity ¢(mWI Ihe un8¥)ded balawK•s ol donaucS and grants whlc are JI wJbjecl10 8pedfl¢ tsjndltlons by and granlors as to tsjw tlw may be UBO(l. The8¢ In¢de de8l¢n•led luNt$ been $¢1 asbje of urwestsic4ed by 1ruste lor wific puwe8. At 1 Janu•ry 2023 In¢omlw RMourc•s At31 rttourc•• •xp•nd•d D•e•mb8r 2023 517.811 329.936 1363.033) 484.514 -18-
Draft Financial Statw*nts at 04 Aprfl 2024 at 16".06.'34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMEMfs ICONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 76 Unr8slAetsd funds I¢MtlI)u6dl Pr•vlov8 wr. At 1 J•nuiry 2022 Inct)mlmg Ro•ouY¢ expèndèd At31 D•c•mber 2022 G8n8ral lund8 371.8 491.C P45,282) 517,811 17 An8ly•l• ol n•t •g8•t• ftmds UTrr••trf¢t•d fund• 2023 RMlrtct•d ndB 2023 Total 2023 Fund b4l•n¢e at JI D•c•mb•r 21J23 Ar• r•pr•i•nt•d by: Twgible asse18 Curienl au¢tsl(Uabllll) 3.797 480,717 211,514 84,256 215,311 S64.975 484.514 295,772 7ao.288 Unr•JJtrlcbd lund• 2022 R••trlctsd lund• 2022 Totsl 2022 Fund balan¢•• •t 31 DeG•mb¢r 2022 4r• r•prn••nt•d lry: T8iigibl8 ¥88018 Currenl as6eWk8Wllll88) 4,376 513,235 11.918 79.177 211J,a94 592.412 517.611 291.095 808,708 -19-
Draft Fln8ncial Ststomonts at 04 Aprll 2024 at IS:05:34 AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 18 Flnanclal coNthnltm•nts. guarnnt••s and continglnt li•billtl•8 SL Illtyd's Church t19 Ihe year endod 31si Ofscomber 2(m aklJ refuthshment wa$ ¢cffipleled on Sl. Illyd Chvrth. The prY ¢))Bl apwDxMnatdy $283.2fy) was by the Hllw Lolttty Fund, CADW and Bw8fi¢8 lunds. Th• lemis of HwIl Lollery Fwd an1 11• that the grnnl li rewable tf th•'ApwobJ Usag8 (rf th& t1¢)9 ceases: 11 Is noi lime limilwj. .1 h• term5 01 the LAOW grant Ih4t tt Is fepoyablo 11 tho buikjlng ceases for Wors"p Vittrth 5 y&grs ol Ihe £want belThJ de. St. Davld'• Church- r•furbl•hm•nt Durlng Ihe yoar eThYed 3181 Dacember 2C07 reffiJtA£hment w(vk c)n¥neThd St. D¢vbJ's Chufch. The on Iho labrk of Ihe trdd¥j h88 been lunded by grnnts trom Ihe Herttoge Lotièry Fund. NPTCBC and from fund$ from within Ihe Churth. Tho H8189• Ltery FU1 grani 8t1plte8 Ihat rt is repayabl• if Ihe bulklkng Ca9$98 forWOrn vAlhln 10 y8ats. Th8 Cted Ihe 81 end&J 3131 D8c•nber 2010. St. D•vld's Chur¢h . To%wr The woigcl was C4YnF181ed durkng 2015. bl¥rtdard condllims r•lallng to lh• repMl d th8 orarts thxld w(thi) al tho chth ¢owi wlthln 8 8t1pUlod wic4J. alè In place. 8L Thoin••' ChuYGh - T1)r tlIn9 2015 a fund w88 Indd I¢yw f•P8lr8 lo bB oui.. llis f3 In 2018. 19 Reht•d party trnn•aGtlon• TheT¢ wero no +¢h)sgtA• rei*od p¥ty ITpM•ts• the y¢ar12tr22. Mne).
Ministi"y Area ed
30110r2024, 19.'33
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Outlook
RE.- Afon Nedd MA
From Laura Daniels LauraD@wbv.hd.uk
Date Tue 2024-10-29 4..50 AM
To
Paul Bennett