Chartty rnglstralion numbpr 1134218 {Enand and Wah¥l AFON NEDD MINISTRY AREA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
AFON NEDD MINISTRY AREA LEGAL AND ADMINISTRATIVE INFORMATION Thistees I members olthe MAC are tharity trusleos Charity numbBr 1134218 Prln¢ipal addro8• The Rectory 23 London Road Nealh SA11 1LE Indep•nd•nt examln•r Rithar(l N Chappl•ACCA WBV Limrted The Third Floor Langdon House, Langdon Ro8d SA1 Swansga Walerfronl Swansea Wales SA18QY
AFON NEDD MINISTRY AREA CONTENTS Page Trustees report Slatem8nl of Irusle¢$ respon$ibilrties Independent examineffs report Stslement of finanaal activities Balance sheet 10 Notes lo the flnanoal statsments
AFON NEDD MINISTRY AREA TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Thè trustees present their annual report and finanal statements for the year endèd 31 Docember2024. Th• ffinancial slatoments have been propared in accordan¢e w+th thè aeeounting Policies sel oul tn note I to the finanual statements and ¢omply with the charity'$ goveming document. the Charities Act 2011, 'A(untIng and Reporting by Charities= Statement of Recommendèd Practice applicab to chorilies preparing their accounts tn aceordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 leffethw 1 January 2019) and the Church in Walps accountin9 iegulations. Obj8Gtiv•s and ctlvltl•$ promolvJn of the wholg mission of the church. pastoral. evangelistiG, social and eCumenth'C, in the Partsh. We review our aims, objèctives and activities 8ach yèar. Thi5 wview looks at what we have achitived and the out(me8 of our wotk in the pr8¥ious efve months. The rewew also helps us to Èn$uTe our aims, objectives and a¢bVeS remain focused on our staled Objel¥e$. We have refgrred to the guidance contained in th8 Charfty Commission'$ general guidan on public benefit vthen reviowing our aims and objectives and in planning our firture adNities, in p8"Cular the $pe¢ific guidan¢e on Chatitias for the adVanment of religion. Thiy ensure5 that w• conlinue our purpose of en¢ouraging the bèliefs, lenels and Practices ol Chri81ianty, ther¢by seeking new followers and by encouraging and farilitating thg pra¢tir of Ihe Chrfstian Faith by existh'ng followers. En¢ouiaging aThJ fadlitaling the prath.ce of the Christhan Faith by our Churches whith includes the following=_ The provision and m8intenantr ol the Chur¢h&s Conducting regular Christian worship in the buildlngs The cbratIon of the Holy Eucharist, baptisms. marriagfjs and ffiJnerals The maintenance of Christian burial pla(s Prom(>ting the study of Christian teaching. praclices and scriptures Safeguarding pdiaes a in plac¥ at all out chur¢h$s F(4lowing both Clwrch in Wales and Dioc&8an Guidan In addibon to the above. Chrislian dèvotional a¢ls and outreach work is carried out including:_ Visiting slck. Administering the sacramènts to Ihose unable lo attfjnd regular acts of WQTShip, lo Ihg sidE and dying. Supporting pastoral work. Supporting work earned out by olher Christian agencres. Fostering ecumenical links tween different Christs"¥n tradilions. To lacditate this work h is imp•tsnt that we maintain the fabric ofthe Churches. A¢hl•vem•nts aTrd rf0mnc• snIficant activities and acthevennts against0bltsVas W8 have 256 on The Electoral Roll ol the Ministry Area. The Church of Saint Poter and Saint P8uI hawng been dosed in 2022, the declar'on of redundancy was finally made and the prop$rty put on Ihe market for sale. Reverend Alison Reèves was appoinleil as Area Dean in the BTO Aman Ministry Area in Ihe Diocase of Saint DavKI's and lefi the Ministry Area before Easter 2024. There ar8 n¢)w Iwo vacanaes for the rok of Team Vicar. The Reverend Chrfst¢¥)her Coles tnOunCed hi5 intention lo retire just after Ea5t8r 2025 which woukj potentially lfjave the Ministry Area significantly understaffed. As a slI, advertisements were placed wlh the Clwrch Timès and in the Dio¢ese, but little interest was shown, and no appointments have been made.
AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Raview of tho year- For furth&rd8tail$plgase see th& Ministrytha Report for2024 However, ¥mongsl some of the aclivitsos that took place in the Ministry Area lo the end of 2024: The work of Messy Church conllnued with several events taking place durlng the urSe of the ye8r building upon that which had been stsrted in the Neath constituency lo compliment the exrllent work done in Skwen by the exSslin9 Messy Church Tearn thare. The wort of the Mothers Union BrAnches In the new MA was strengthened and supported with new mèmbers and took part in a number of 8vent$, indudlng a Bannar Fests"val in Llandaff Cathedral. The Nealh conslitugncy endeavoured to ¢ontrinue its Sunday moffllng 'Sunday's Cool. which wns alongside the 11.00am Eucharist in Saint David's Church. The outdoor Nativity S&rvi¢e on Ael y Bryn Fami in Tonmawr cwtinues to be a gUlar Soasonal evenl. Saint Mary's Church Hall was soly and ihe proceeds received to enable thè congregalion lo explore and plan for a redevelopment of the rear of th& church for soclal activbties. The Chufehes of Sl Thomas and Sl John wèrè idendfied as in need of falItY improvements of bolh kttchens and toilets. Faculty applicatlons were submitted for both and their outcomes were awaf(ed with a viw to work beginning (subject lo funding) in the next 16 monlhs ot SQ. The retreat look pLa¢e to Y C8ban at Pendine which involved a group from ihe Ministry Area linking with the Ministry Area there. The Arts Fesfjval that began in 2023 look place again in Neath town centra in which two of the MA ¢hurche$ participated as venues for disayS and activitie5. Followng Ihe Tedudion in derical personnel. a decision was made to sell tituehaven in Lewi5 Road a1 for the sale proceeds to be placed into Ministry Area lunds to engble the support of the several bullding enhancement projects that had been idgntrfied. The first Ministry Aroa meal took place at Zafran Restaurant in Skewen at whlch more than 80 people were in att&ndance. 11 was intended to be the first of a bi-annual event as a means of lundraising for the Ministry Area bul more wnportanlly to bring about a greater social awareness and inleractK)n between different constrtuenl members in the Ministy Area. Flnanclal rnview The overall financial resulis indicata that both unrestricted and reslrided fvnds generated surpluses. The detsibed results are disclosed in the attached finanThal stalemenls. R8seNes policy The MAC has a policy of retaining resaNe funds to ensure the continual operation of the Minislry Area. Surplus funds, whgre avallable, ar• retained on a Treasury Deposit account p&nding the requirements ol the MAC. Maiornsks The MAC ¢onsiders the major risks to whi() the Charity is exposed and establishe5 5yStem$ to mitigate those risks. The risks fa¢ing the Charity indude the state of repair of the churches and the financ4al rèquirernenls lo meet day to day administration. The fabric of each church is ¢onlinualty monitored by the Churches, sul wardens and reported upon to thé MAC,. the finanrks are controlled by careful budgeting and periodic appèal to the worshipers and other fund raising actNities.
AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans forfUre periods As this report is being complied, the ne Ministy Area is gx8mining its prtorities and aims. This is boing done in conNnction with the Archdeacons of the Diocese of Llandaff as part of their Wisitation process. Thi8 is a developing proce$$ as thg Ministry begins lo.bed in. and new Telalionships are fomi8d and nurturod with Ihe constituent churches, their member5 and oryanisations invofved. Th8 Archdeacons, Visotalion programme that began in 2022 came to a c4Jndusion in earty 2025 Ihaving bgen postponed from Decemb8r 2024). That has resuttèd in several plans being prepared wnprising.. A Mlnlslry Area Development Plan A Buildings Plan A Generosity Plan These will be the ba$18 for the work of the Mlnlslry Area in Ihe next three y6aTS and will be implemented and monitored by the Ministry Area Leadership Team {'MALT) in eonjunction with the MinistryArea Council I'MAC,). Some of tho matters to be progressed under the plans are: To enabl8 thè Sense of community in the MA by the use of 8 standardised Eu¢hrist SeN¢e Booklet To use every opportunity to promote the gospel in the occasional offices (Bapb"sm8, ViÈd(Jings and Fungral$) and lo communicate opportunities to atten¢Y worship and events among those with whom the Churth cornes inlo contsct To Tr'nue with th& regular prayer & bible study groups To look at thè use of our church buildings and to develop better tieS and regular maIntenar of th•m in conjundion With the newly constttLrted Prtsperty and Churches Team I'PACT? To develop ond continue working with schools in th8 Ministry Area and, in particular, ow Church School. To fostsr and enhan¢e cmMUnty working through the Briton Ferry Communty Shop and Ihe groups that usè Ty Sanl8s Fair. To èncourage generous and regular giving through the use of Starmling Orders and the Gfft Aid Envalope scheme and tr) remind the nèed for regular rewew of such giviig that refflects the actual costs of ftlfiling the Church's mIssn in the Ministy A8. was re¢ognised that most of th8 above would governed by th& raali8m of having a reduced derical staff and that there would be a ngad to undertake Ihg core elements of ministry as thg priority. The MA well thanks by and large to the continued support and wls(knm of the Mfnl$tyAr•a Leader. thè MAC and the many volunteers who willingty give of their time and experience.
AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 strncture. gov•rnan¢¢ and managem•nt The Afon Nedd Ministry Area IANMAI came into being on the 1st January 2022. It ¢ornprises the former Paiishes of Skewen and 8riton FerrylLlansawel and the Redori81 Benefice of Neath which was registered with the Chanty Commission on 9 February 2010 under the name of R.B. Nealh Parochial Church Council IPCC). The charity number ts 1134218. The new ANMA retains the same tharty number.11 p8rfoms its role through the hAini51ry Area Council (MACI which is the name of the trustee body in place of Ihé PCC. Church buildings within tho Benofice.- Sl Thomas. Chur¢h Sl David's Church St Illtyds Church Ss Peter & Paul's Church. Cimla- Now rgdundant and awaiting sale St Teilo's Church. Tonmawr st John's Church, Skewen st Mary's Church. Llansawel Ty Santes Fair, Skewen Mlni5try Te•m Ministry Area Leader Iln¢umbentl=The Rev'd Canon Lynda Newman Ministry Aiea Lay Chair.. Mr Mark Ritzrnann Team Vicais.. Reverend Akson Reeves (until Easler 2024), Reverend Chris Coles Curate.. Vatsnt Reader SutrAndr8ws Vlard•ns and MAC Membershlp 4 Leaderfs Warden MA People's Warden JLKlith Cole Pamela Wllliams MA TreasLWer: Paul Bennett lex Officio) MA Coun¢ll Memb•r4 St. Iltyd's ChuTd) Andrew McCut¢heon St. Thomas. Church Robert Wlliam5. Lynda Powell Sl. Dawds's Chur ClaTe Evans, Helen Bgnnett Sl John's Skewan Kay Britton. Howol Price Sl Mary's Briton Fery Dave Andrews. Carol• Lobes Sl. Tgilo's Churth Gwénda Smart wptsd M¢mb•r•: Gary Cakjer (MA Bookkeeper) Calh Archard (Safeguarding Officer) Judith McCut¢heon IMAC Se¢retary)
AFON NEDD MINISTRY AREA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 trustees pOrt s approved by th• Board of Trustees. Mr P J Bennatt Trusts• The R8verend Canon L.E. Newman 28.10.25
AFON NEDD MINISTRY AREA STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 To compty fijlly with the provIonS of the Constitutw)n of th¢ Church in Wales in administering the ANMA with our sèven churches of St Thomas, St Iltyd. Sl Dawd, Sl John, Sl Mary. St Teilo, and Ty Sanles Fair. The Church in Wales is a province within the Anglican Communion and, as such, exists to advance the christs.an religion through world-wide mission. The object ot the MA Counctl is lo enswe that the life and work of the Church within the Minl$lry Area helps lo 11 that mission, bolh locally and more widely. The MAC. is not a body corporate. Ils composition, procedure and powers are regulated by the Con$lrtution of the Church in Wale5, as amendèd from lime to time by ils Goveming Body, set up under Sedion 13111 of the Welsh Churches Act 1914. Elections are held at an annual vestry meetsng which mu$1 lake place on or bèfore 301h April. The peisons whos8 namès are entered on the Electoral Roll ale entitled lo vote and lo sland for ele¢tion. Before assuming office. èvery member of the MA CnCil musl sign declaration that he or she will be bound by the Conslilulion. The Representative Body of the Church in Wales holds the land and prowrty of Ihe Church in Wales, induding St. Thomas,, St Illtyd's, St. David's. St John. St Mary, St Teilo, and Ty Santes Fair buildings. their contents and grounds. The Representative Body is an Exempt Charily and wa5 sel up under SedKJn 13 {2) of the 1$h Chureh Acts 1914. 11 acts on behalf of the Province in paying the stipends of fulkllme cl8rgy. It is the iesponsibilty of the Ministry Area Leader Ilncumbenll. th8 Ministry Area Lay Chair and the MAC to consult together and to co-oparate in all matters of concern and importance to the benafice for the promotion of tha Wle mission of the Church, pastoral, evangelislic, social and ecumenical within the MA. The MAC is also responsible for the MA budget and all expenditure there under, the care gn(I maintenance of the church labric, grounds and tho chur¢hyard. The council is also the normal channèl of CoMmun10n be¢en parishioneis and th• Bishop of the diocese. thin the MA is Aldem)an Dawe$, School. This school owes its Orig lo the wil ofAldem)an John Davles who left a legaGy for ils founding in 1719. The Ministry Area Council, (Incumbentl. the Churchwardens, and Ih8'oversèers ofthe poorf are the Trustees. They hand the day-today runnirvJ of the sGhool lo a Governing Body appointed in 8ccordance with present day Education Legislation. Th¥ curri¢ulum taught 1$ Mi ac(xJrdance with the tenets of the Church in Wales. The MA has a pastoral inlaresl in the Llewellyn Alms Houses vthith were founded in 1897. The Ministry Area Leader is the onty ex-C*fficio Trustee Of IhS$ charity. The Objective of the Afon Nedd Minbsty Area and it5 Sovgn churches is the Illlsslon and ministry of the Christian Community in this place. This is achieved by all its spirrtual and social acliwlies. These arè dgscribed in detail in the Ministry Area Leaderfs Pastoral report, which 1$ prented annually at the Annual Vesty Meeting. Tho prime objective is the ¢el8bralion of Christian worship on Sundays and prin¢ipal feast days and the prodamation of the gospel through this worship. This Mission is accomplished in co-operation with the Diocese of Uandaff and the Area Deanery of Neath & Port TalboL The law applicable to tharttie$ in England and Waley requires the trustees to prepare financial statement5 for each finanThal year which give a true and fair view of the stsle of affairs of the ¢harity and of the incomin9 resources and application of resources of the charity for that ye8r. In preparing these financial statements. the truste85 are requiTed to.. selèct suitable accounting policies and then apply thèm consistenlty: observe the methods and prin¢iples in the Charities SORP.. make judpmenls and estimates that a Tgosonable and prudent.. stsle whether applicable acLounling standards have been followed. sutie¢t lo any maleroal departures disdosod and explained in the financial statements.. and prepar& the financial stalemenls on the going concem basis unles5 11 is inappropriate to presume that the charity will continue in operation.
AFON NEDD MINISTRY AREA STATEMENT OF TRUSTEES RESPONSIBILITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Intslees are responsibig for keeping sufficient accoting record$ that disdose with reascnaÈ48 accura al any time thé financial position of the charity and enable them to ensure Ihal thè financial statements compty with thè Chari.8$ Ad 2011. the Charity {Accounl$ and Reports) Regulations 2008 and the prowsions of the trust deed. Th&y are also responsible for $8fv9uarding th8 assets of the chwty and hence for taking reasonable steps for the prevantion and detection of fraud and other irregularibe&
AFON NEDD MINISTRY AREA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFON NEDD MINISTRY AREA I reporl to the trust885 on my examination of the Iln8ncAal statem¢nls ofAfon Nedd Ministy Area (the tharityl for the year ended 31 December 2024. R•SPolbl1t1P8 and basis of report As the trustee5 of the ¢harily you are responsibk for the preparatK)n of thè financial stslemènls in accoTdan¢e with the requir&ment5 of the Charities Act 2011. I report in respect of my examination of the d)arity's financi81 statewnenls carried out under section 145 of the Ch8rilies Ad 2011. In carying out my ex8mination I have followed the Directions gNen by the Charity Commission under section 14515llb) of the Charities Ad 2011. Ind8Pond¥nt ?xamlnef$ Statsmgnl Since the charity s gTOSS income exceedad £250.IXIO, thè independent examiner musl be a member of a body lisleij in s8Ction 145 01 the Chariknes Act 2011.1 confirm that l am qualtfied lo undertake the examination because l am a member of IheAssocialion of Chartered Certified A¢counlanls, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial stalements in acCrdSnce with the relevant vèrsion of the Statement of RecomMded Pradice applicable to d)arities preparing their fmancial statements in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 In prefence lo Ihe Accounting and Reporting by Ch8rilies.' Ststement of Recommended Pra¢tic& issued on 1 April 2CKIS which is fyfeTf8d lo in the extani reguL7lions bul has ntsw been withdrawn. l understand that this has begn done in order for the finan(ial statements to provide a Iw& and fair view in aordanCe with UK Generally Artepted Aco)untkng Practico. I have completed my exarninalion. I confimi that no matters have CO lo my attention in connection with the examlnation giving me causa to believe that in any material resp8ct.- accounting records were not kept in respect of the charity as required by Section 130 of the Charilles Ad 2011. the finana81 statements do not accord with those records., or the finanpial statements do not Compty wtth thè applicable requirements conceming thè fomi and conlenl of financial statements set out in the Ch8rities (Accounts and Reports) Regulations 2008 other than any requifemenl that the financial statements glvè a true and fair view, which is not a matter nsIdered as part of an independent examination. I have no concems and have come acro$s no tsther matters in Connecti with the examinatlon to whbch atlention Should be dr Ih¢s report in order I nable a proper understsnding ofthe financial ststements lo be reached. Richard N Chapple ACCA WBV Llmlted The Thir¢J Fbor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea SA18QY Wales
AFON NEDD MINISTRY AREA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•stslclod RtrIcted funds funds 2024 2024 Total Unr•strl¢tsd Rvstri¢t•d funds funds 2023 2023 Total 2024 2023 NotsB com• and endowmonts from: Donation$ and legacies Charitable actiwliès Other trading actiMlie8 Investments Other in¢ome 60.782 172,283 100.330 4,670 89,627 4.2 65,032 172,383 103.990 4.894 155.235 54.964 175,517 68,302 4.030 7,273 495 6,1 183 62,237 176.012 94,408 4,213 3.fj60 224 65,608 Tot81 income 427.692 73,842 501,534 322,813 14.OS7 336.870 Expandi9 on". Charitabl& activities 379.845 5,367 385,212 362,933 2,257 365.190 Total •xp•n¢fithr• 379,845 5,367 385.212 362,933 2,257 365,190 Net In¢omel(exndIIrel and mov•mont In fund$ 47.847 68,475 118,322 140,120) 11,8C 128.320) Reconclllatlon of funds: Fund balarKes al 1 January 2024 477,491 302.895 780.386 517,611 291.095 808,7(h8 Fund balancgs •t 31 Docembgr 2024 525.338 371,370 898,708 477,491 302,895 780.386 Thtr 8tatemenl of financial actiwlles Include$ all gains and103ses re¢ognised In the year. All income and exnditUTe derfve from continuing activilio$.
AFON NEDD MINISTRY AREA BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notsg Flxed assets Tangible assets 13 4.902 215.311 Current ass•ts Stocks Debtors Cosh at bank and In hand 14 15 3.17 2,9 895.337 2.962 7,171 567,543 901,304 577,676 Crndit¢rs: amowts f•lling du• withln one year 18 19.4981 112,601) N•t current a¥¥e 891.806 $65,075 Total assets l•s* currgnt Ilabilitl•$ 896.708 780.386 The funds of th• charity Reslriclad income funds Unrestricted funds 17 371,370 525.338 302,895 477,491 896,708 780,386 The finanryal sta ejnents were approved by the trustees on 2BthAprlL2025.. Mr P J Bemett Trustre The Reverend Canon L.E. Newman Thi$tee 10-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ounting policies Charity infommtion Afon N¢dd Ministry tha Is a Charily, regi$1ored with the Charity Commlsslon on g F8bNary 2010. The number is 1134218. 1.1 Ba¥is of pmpardtlon The fancIal statements ha been prepared in a¢cordance WTth the Charities Acl 2011. the Church in Wales Aecounting Regulations. the Financial Reporting Standard applicablo in the UK and Republi¢ of Ireland" ("FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Slaternenl of Recommended Practice appiicable lo charities preparing their accounts in accordan( with the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland (FRS 1021. leff8¢tive l January 20191. The ¢harity is a Public Benefit Enlty as defined by FRS 102. The charty h¥8 taken advantsge of the pmvisions In the SORP for charitrg$ ngl lo prepare a Stat•ment of Cash Flows. The financoal statements h¥v8 depart fr¢)m the Charflies IAe¢ounls and Reports) Regulatlon8 2008 only to the ext1 réquired lo provide a twe and tsir view. This departure has involved following the Stat&mÈnl of Recommend8d Practice for djarilS applying FRS 102 rather than the version of thè Statement of Remrnened Prdi¢e which is Tefeffad to in Ihg Regulalions but which has since been withdrawn. The financTal statements a propared in sterling, whi¢h is Ihe functional currency of the charity. Mon•1 amounts In these ffinancial statements arè rounded lo the nearest £. Thè finanual statements have btsn prepad under the historical cost convonl)n. Thè princlpal a¢¢ounting poTha•s Jopted ar8 $81 out kbw. 1.2 Golng concern At the time of approwng the financHI statements, the trustees have a reasonable expectation that the charity ha5 adgqvate resources lo continue in operational exlslènce for the foreseeable fLrfur•. Thus the trustees ¢¢ntinu• lo adopt the golng concein basis of accounting in prèparing the finan¢ial statements. 1.3 ch&rftab lunds Unrestricled funds are available for use al the discr8tion of the twstee$ in furtherance of their charitable objectivés. Restrlded funds are subject lo Specif condltions by donors or grantors as to how they may bg U8ed. The puoSeS and uses of the restiicted fvnds are sel oul in the notes lo the financial statements. 1A In¢om9 Incoming re80uTces are dl accounted foi gr. Plamed virO, o)IlectKJn and donations are recognised when ro¢elpt is probable. Grants and legacies are accounted for when thg MAC i$199ally entiiled lo the amounts du&. All Otr InMe is g&neralty recognised when rf is received. 11
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounllng poli¢les (Continuodl 1.6 Expendlturn Parish shaTe is paid regularty and 1$ induded in expenthlure for the ygar to which it relat8S. Unreslri¢ted fund grants are recognlsed when determined by the MAC. Amount5 received $pe¢ifically for mi59ions e deatt with as rgslricted funds and the liability for payrnent is re¢ognSs8d when the amounts are received. Al olher expenditure is generally re¢ognised when it 15 incurred. 1.6 Tangible Ilxed ayJ8•ts Tangib fixed assets are initially measured at cost and subsequenlty measured at cost or valuation, not of depreciation and any impairment10s5es. Depreciation is recognised so as to wrfle off th8 c051 or valuation of assets le55 thoir resKSual values over thèir useful lives on the followlng base$'. Freehotd land and buildings Fixtuies and ffttings deprecialion and 50 years (see below) Selected rales The gain or loss arising on the disposal of an asset 18 ¢Jètermined as the difference betsveen the sale proceeds and the ¢arrying value of the asset, and is recognised in lh* statement of financial act1wts. The Church buildlngs except as noted in note 11 to the accounts are vested in Thé Represenlalive body of the Church in Wales, consequendy, none of this propoty forms part of the assets of Ihe Benefice. Provision for depracialion of propèrties help by Ihe Parish, is made as follows:_ Curate's House at Litue Haven, Lewis Road, Neath NIL. as market ¥8lue is agreed lo be in excess ol ¢ost.. Churd) Hall at Cimla Written off over SO year5 from 1964. 1.7 Imp•lrnient offlxed ao8•ts Al each porting end date. the charity reviews the carrying amounts of its 18ngible assèts to delemiine whether there is any indication that those assets have suffered an ifflpaimienl loss. If any such indication exis15, the recovèrable amount of the a55el is estimated in order to determine the extent of the impairment loss (if any). 1.8 Stocks Stocks are slated at the lower of Cost or net realisable value. 1.9 Cash and cash •qulvaT•nts Cash and cash equivalents include cash in hand, deposts held at call th banks, other shc%t-lemi liquid investments with original maturities of three months or les$. and bank overdtafts. Bank overdr8fts are shown within borrowings in Current liabilities. 12-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and1oga¢ies Unr¢8trictod R•strict•d funds funds 21114 2024 Total Unrp5tr1etsd Rostrlcted funds nd8 2023 2023 Totsl 2024 2023 Donations and gift8 60.782 4,250 65.032 7,273 62,237 Donations and gifts Lega(aes and general donations DBF Grant For the World4wde Church Other 45,864 10.028 45,864 10.028 27,168 22,904 150 27.318 1.703 3,187 1.703 7,437 4,892 4.892 7.123 4,250 7,123 60,782 4.250 65.032 54,964 7.273 62,237 Income from ¢h•ritable activltles Unrestrict•d Restrl¢led fund• funds 2024 2024 Total Unrestrictsd R•¥trict•d funds funds 2023 2023 Tolal 2024 2023 Dirnet gv4ing- pl*nn•d InoJm8 from 135,317 100 135.417 131.196 495 131,691 Dlrnct giving - other IniJ)me from 13,262 13,262 13,945 13,945 Indirnct glving - tax ndS Income from 23,704 23.704 30,376 30,376 172,283 100 172,383 175.517 495 178.012 In¢om• from oth•rtradlng a1vitIeS Unrnstrictod Rostrlet•d funds funds 2024 2024 Totsl Unre>trl¢tyd R•$trl¢ted funds fund¥ 2023 2023 Totsl 2024 2023 Olher income 100,330 3,660 103,990 88,302 e.106 94,408 13-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 In¢omg from other trading activities {Contlnued) 2024 2023 Money rnising Magazlne subscriptions and adverts Events Tes¢0 Voucher Sch8me 4.367 18,789 1.550 4,339 23.954 4.200 otherincome Church bu11ng rentsl INeédings. fvnerals and Otr sem Lottery bonus ball Other sundry inwne 16,705 20,772 14.07S 19.220 654 103.990 94,408 In¢om• from invlments UnreJtri¢ted Rostrlctsd fundg funds 2024 2024 Totsl Unr•strl¢tsd Rostrict•d funds fund$ 2023 2023 Totsl 2024 2023 Int8resl recewab 4.670 224 4.894 4.030 183 4.213 Other In¢om• Unrn8trl¢tsd R•strictsd funds funds 2024 2024 Tt)tsl Unrfrstrl¢tsd Rostricted funds funds 2023 2023 Tolal 2024 2023 Net gain on disposal of langlble fixed assets 89.627 65.608 155,235 During the year the Ministry disposed of a number of fu¢d assets and Ihe gain arising from ea¢h ol the disposals Ss as folows.. Sale of Sl Marfs Hall £72.957 Sale of Little Haven £65,608 Sale of St Cathorine's Hall £16.670 14-
rmo J ts)uJ J(0
ol m rq •SJ ¢D ryi 0> o Lrj sr ¢LI rfj gi rov 0> LD m¢D
- Corn ¢* 11S1,.Iiikll, <3
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charit•ble activili•s Outsido Parf$h ChrislianAid Royal Brib"sh Leglon Battle of Britain Gaza Appaal 1,288 729 150 235 2,402 Inside Pii¥h Llandaff DBF 454 Hom SalvalSon Army Neath Fotsd Bank Walsingham Shrine Nea1h Rotary Club N&8lh Town Mayoress aw)eal Guide dogs RLNI Teulu DL Mission purchases Grant pureha$e8 Sl Johns Ambulanc8 P Duncan 625 229 100 100 2,622 2.296 100 100 6,959 Net movgment In fund¥ 2024 2023 Thè net movement in funds is slated after eharginty{credhlngi'. Fee8 payab for the independent fjxaminatrc of tho charitls financial staternenls DeprerAalion of Lwned tangible fixed assets Profrt on disposal of tangible fixed assets 5,640 962 1155,2351 5.650 983 10 Trust••8 During the year. of the tnjsteas were in receipt of Temneration from the ministy area, totafing £16,086 12023. £16,192). 11 Employ••$ The average monlhly number of emF4oyees during the year wa5". 2024 Numbor 2023 Numb•r 20 15 17-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR EhlDED 31 DECEMBER 2024 11 Employ•os Icondnu•d Salar$ for 2024 were £17.80112023 £18.1561 SocAal se¢urrty costs for 2024 were £38512023.. £402) Pension $tS for 2023 were £16912023.. £173} There were no empbyees wh05È annual remuneration was mcye than £60,000. 12 Taxatlon The tharfty is exempl from taxation on its adivltles because all ils income is applied for charitable purposes. 13 Tanglble ed asÉ•ts Fr••hold Iwnd FtxiuTr$ and and bulldSng¥ titllng8 Tot•1 Cogt Al 1 January 2024 Disposals 232,493 1232,4931 46.741 279,234 1232,493) Al 31 December 2024 46,741 46.741 DepT•ci4llon and Impaimont Al 1 January 2024 DepCIaln charged in the year Eliminated in respecl of disposals 23.C66 40,857 63,923 982 123.0661 {23,0661 Al 31 December 2024 41,839 41.839 Carying amount At 31 De¢emb&r 2024 4,902 4,902 At 31 December 2023 209.427 5,884 215,311 The Fmhold land and buildings wmprisgd'.- Curate's House- Liille Haven 209.427 Expendrture on St Peter and Sl Paul's Churth Hall 23,086 14 Sto¢ks 2024 2023 Raw materials and nsUmableS 3.L%7 2.962 18-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtovs 2024 Amounts falling duo wlthln on• yoar. 2023 OINr debtors 2,900 7,171 16 Creditors: amounts falling wlthln ong year 2024 2023 other creditors Accruals and deferred Income 3,858 5.640 7201 5,400 9.498 12,801 17 Restri¢t•d funds The reslriiagd funds of tho charity comprise tha unoxpended balances of donation$ and grants held on tN$l Subject to spe¢ifK condittons by donor8 as lo how they may be used. Mov8m•nt In •lan¢8 8¢ l January 2024 Balan¢• at •wnd•d 31 DKemb•r 2024 rnsources SlewaTdshp- Mr5 LawrowKe funds Stewardship- Property fund Stewardship- Parothial MISOn$ Stewardship- St Thoma8 tower $toTation Sl Davids- Friends St Davlds- ResloratKn St Dad8- Organ fund st Davids- Surplus lund Sl Thomas- Friends Sl Thomas- RgstOTalion Sl Illtyd - Chancel reserve fijnd St Illtyd- Friends Ty Sante$ Fair- grant fvnding 13,646 213.826 978 18,242 21,515 7,052 2.825 116 12,011 5,170 13.646 279.434 978 18,242 23,294 7.052 2,421 116 12.011 5.170 65,608 3,872 12.093) 14041 387 112 4,250 (111 12.859) 488 1.391 302,895 73,842 15,387) 371.370 19-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unr•¥trf¢trd fvnds The unrè5tricte¢J funds of the charity comprise the unexpended balances of donatsons and grants which aro nol subject lo specific condrtion5 by donois and grantors as to how they may be used. These in¢lude •snated fvnd5 whl¢h have been set aside out of unrestricted funds by th8 tru$t8as ftjr specific purposes. Incomlng R•sources At31 rn$ource• exp•nded D•be1 2024 At 1 January 2024 General funds 477,491 427,692 1379,8451 525,338 Pr•vlous year: At 1 January 2023 Incomlng r•sour¢ès Resoyrc•s ¢xpended At31 Decgmb•r 2023 General funds 517.611 322,813 (362,933) 477,491 19 An*lysl$ of net assets b•lween funds Unr¢strlcted fund3 2024 Re•trlcted fun(ts 2024 Tot•1 2024 At 31 Dec¢mbw 2024: Tangible assets Current assotsllliabilities) 3,219 522.119 1,683 369.687 4,902 891,806 525.338 371.370 896.708 Unrestrl¢ted funds 2023 R•stri¢t•d funds 2023 Total 2023 At 31 D8cember 2023: Tangible assets Currenl asselsllliabilthesl 3.797 473.694 211,514 91.381 215.311 565,075 477,491 302.895 780,386 -20-
AFON NEDD MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Fln•ncial commltmonts. guarantees and ntin9•Tht liabilttlès SL Illtyrfs Chur¢h During the year ended 31st December 2003 grant aided refurbishment work was )Mpleted on St. Ilttyd's Church. The project cost appr0matelY £283,200 and was financed by tho Heritage Ltsttgry Fund. CADW and B8nefice funds. The lèmi$ of the Herltage Lottery Fund grant stipulate that thè grant is paYable if Ihg 'Approvgd Usage, of the buikjing ceases., it is not lime limlled. The temis of the CADW grant $tipulate that it is repayable if the buildin9 ceases for worship wlthin 5 yeais of the grant being made. St D•vid'5 Chur¢h- r•lurblshmont Ouring the ye8r ended 31$1 December 2007 refurbishmenl work commenced on St. David's Church. The work on the fabric of the bLtildiro has been fund by granls from the Heritage Lottery Fund, NPTCBC and from fvnds from the Church. The Heritage Lottery Fund gr8nl stipulates that Tt 15 repayable rf the buikling eases for worship within 10 yearn. The work wo$ wnpl8teil during th& year ended 31st Decembw 2010. SL Davld's Chur¢h - T0r The project wa$ ¢ompleted durTng Aprfl 2015. Standard Col10n5 relatong to the repaym¢nl of th& grants received, should worship al the Church ceasa thin a stipulated perlod. are in place. SL Thoma. Church - Tower Durin9 2015 a fund was launched to enable tower repairs to be Caled out,. this was completed in 2018. 21 Related party transactlonB There were no dis(Jsable related party Iransa¢lion$ during the year12023- none}. -21