REGISTERLD CHARITY NUMBER: 1134817 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Williams Denton C Chartered Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report ststement of Financial Actlvldes Balance Sheet Notes to the Financial Statements 6 to 14 Detailed Statement of Financial Activities 15 to 16
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Th¢ trustees present their report with the financial statem¢nts of the charity for the year ended 31 December 2024. The trust¢es have adopted the provisions of Accounting and Reporting by Charitics: Statement of R¢¢omm¢nd¢d Pra¢tic¢ applicable to chItIeS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), OBJECTIVES AND ACTIVITIES Objeetives and alms The objectives of the charity are to promot¢ the whole mission of the Church. postoral. evangelistic and ecumenical, in th¢ Ministry Area. Publie benefit The trustees confimi that they have referred to the guidance contained in th¢ Charity Con]mission's general guidance on public benefit wh¢n r¢vi¢wing the Charity's aims and objcctivcs and in planning thture activities. ACHIEVEMENT AND PERFORMANCE Charitgdble activities Th¢ Ministry Area has continued to promote its objective of promoting the whole MissioT] of thc church including the restoration work as adviscd by the ar¢hit¢ct of th¢ Saint Cybi's (Grade I listed building) church. FINANCIAL REVIEW Ffinancial position During th¢ year the Restricted Funds have increased whil¢ the Unrestricted Funds have decreased. The restricted element has increased from £l16.997 in December 2023 to £174,321 as at December 2024. Th¢ Unr¢stricled R¢serv¢s have decreased from £63,209 to £48.818 in th¢ same peTiOd. Reserves pollcy The Ministy Area strives to ensure that there are sufficient funds to cover 6 months ¢xp¢nditure. FUTURE PLANS The Ministy Area intends to continue to promote its objtIveS of promoting the whole mission of the Church. In an effort to ¢nsur¢ it5 s¢rvices and outreach ar¢ relevant to modem requirements, it Is in dialogue with the Bangor Dio¢¢san Board of Finance to consider any improv¢mmts which can be implemented. Levelling up funding (UK Goven)m¢nt) was secured to reorder the church and Eglwys y Bedd to becorne a social enterprise. The scheme aims lo be completed by July 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Ministy Area is Governed by the COnStition of The Church in Wales. a copy of which can be viewed on their website. Reeruitment and appointmcnt of new trustees Trnstees are appointed at thc annual Vesty by majority vote, following nomination from cligible p¢rsons prior to or while attending the meetiDg REFERENCE AND ADMINISTRATIVE DETAILS Registered Chydrity number 1134817 Prin¢ipal address 9 Sutton Court Saint Davids Road Holyhead Anglesey LL65 IAE Page I
BRO CYBI MllSISTRY AREA (HOLYHEAD PAROCHJAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Ms S Lingwood Mr C G M¢dley Ms E M Aldr¢d Ms L Ryd¢T Ms G Samson (r¢sign¢d l.1.24) Mr N Griffiths Mr R Parry Ms P Naylor Ms C L Griffith Rev N Ridings Ms S E Hanbury Rev J R Bailey Mr A Roberts Ms B Abbit Ms P Hughes R¢v G Bearwood (appointed 3.1 1.24) Independent Examiner Williams Denton Cyf Chartered Certified Accountants Glaslyn Ffordd y PaTC Parc M¢nai Bangor Gwyn¢dd LL57 4FE Bankers HSBC High Street Llangefni Ynys Mon LL77 7LU Approved by ord¢r of the board of trustees on ............................................. and signed on its behalf by.. Rev N Ridings - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Independent examlner's report to the trustees of Bro Cybi Ministry Area (Holyhead Pr4rochlal Church Coun¢ll) I report to the chaTity trustees on my ¢xaminalion of the accounts of Bro Cybi Ministy Area (Holyhead Parochial Church Council) (the TnJ8t) for th¢ y¢ar ¢nded 31 December 2024. Responsfibilities and basis of report As the charity tnjstees of the Trust you are responsible for the prcparation of the accounts in ac¢ordan¢¢ with th¢ requArements of the Charities Act 2011 ('the Act). I report in r¢sp¢¢t of my examination of the Trust's accounts carried out und¢r Section 145 of the Act and in carying out my examination I hav¢ followed all applicable Directions given by th¢ Charity Commission under Section 145(5)0)) of th¢ Act. Indep¢ndeDt examiner'5 Statement I have ¢ompl¢ted my examination. I confim that no material matters have com¢ to my att¢ntion in cOnntIon with th¢ examination giving me cause to believe that in any matertal respect: accounting records were not kept in r¢sp¢cl of tbe TNst as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with th¢ applicable requirements concerning the fomi and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vlew which is not a matter considered as part of an independent examination. I have no concerns and hav¢ com¢ across no other mattels in connection with th¢ ¢xaminatton to which attention should be drawn in this r¢port in order to enable a proper understanding of the accounts to b¢ T¢acb¢d. Colin Bell FCCA Williams D¢nton Cyf Chartered C¢rtifi¢d Accountants Glaslyn Ffordd y Par¢ Parc Menal Bangor Gwynedd LL57 4FE Date: ... Page 3
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) STATEMENT OF FINANCIAL ACTIVII'IES FOR THE YEAR EIYDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestri¢t¢d funds R¢stri¢t¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 85,575 9,702 95,277 45,282 Charitable activities Church Propcty 1,335 Other trading a¢tivitics Investment incom¢ 17,264 6,418 3,564 1,023 20.828 7.441 41.206 2,134 Total 109 257 14,289 123,546 89,957 EXPENDITURE ON Raising funds 25 25 3,240 Charitable aetivities Support for Ministy Parish Activites Church Property Grants and Financial Support Other Rescources Expended 995 56,2711 25,61H 995 56,270 27,725 2,108 53,468 29,614 3,497 2,121 1,722 Tot*1 86,737 93.565 N¢t gains on investments 153 3.471 3,624 3,371 NET INCOMEI{EXPENDITURE) Transfers between funds 24,794 15,639 40,433 (237) 14 Net movement in funds (16,891) 57,324 40,433 (237) RECOIYCILIATION OF FUNDS Total fvnds brought foard 63,209 116,997 180,206 180,443 TOTAL FUNDS CARRIED FORWARD 46,318 174,321 220,639 180.206 The notes form part of th¢ financial stat¢m¢nls Page 4
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUIYCIL) BALANCE SHEET 31 DECEMBER 2024 2024 Tot runds 2023 Total funds Unrestricted funds Restri¢t¢d funds Notes FIXED ASSETS Inv¢stm¢nts 3,166 66,833 69,999 66,375 CURRENT ASSETS Debtors Cash at bank 12 3,200 41.674 3,200 149,162 3,000 112.469 107,488 44,874 107,488 152,362 115,469 CREDITORS Amounts falling due within one year 13 (1,722) (1,722) (1,638) NET CURRENT ASSETS 107 488 150,640 113,831 TOTAL ASSETS LESS CURRENT LIABILJTIES 46J18 174,321 220,639 180.206 NET ASSETS 174,321 220,639 180 206 FUNDS Unrestricted funds Restricted funds 14 46a18 174321 63.209 116,997 TOTAL FUNDS 220 639 180,206 Thc financial statements weI¢ approved by the Board of Trustees and authorised for issue on V*/¢È..¥/.iJ . and were sign¢d on its behalf by.. Rev N Ridings - Trustee Mr R Parry - Trustee Th¢ notes forn] part of these fjnancial statem¢nts Page 5
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of prepllring the financial statements The financial statements of the charity, which is a public benefit entity undeT FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AccouDting 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fll)an¢ial statements have been Prepared under the bistorical cost convention, with tbe exception of Anveslments which are included at market value, as modifjed by the revaluation of certain assets. Th¢ trust¢¢s con5id¢r that th¢r¢ are no mat¢rial unrKrtaiDti¢s about tb¢ charity's ability to ¢ontinu¢ a5 a going ¢on¢¢rn. Income All income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount be measured reliably. Donations are re¢ognised when the charity has been notified in writing of both the amount and s¢til¢menl date. In the event that a donation is subject to conditions that requir¢ a l¢v¢l of p¢rfoman¢¢ b¢for¢ the Charity is entitled io the funds, th¢ income is deferred and not r¢¢ognis¢d until thos¢ conditions are m¢t. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the chartty to that expenditure, it is probable ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLwe is accounted for on an accrnals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistejjt with the use of resources. Taxation The charity is exen]pt from tax on its charitsble activities. Fund accounting Unrestiicted funds can be used in accordance with the charitsble objectives at the discretion of the trnstees. Restricted funds can only be used for particular restricted pury)oses within the objects of the charity. Restrictions aTise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fllwicial statements. Investment5 Inv¢stm¢nts ar¢ includ¢d at market valu¢. Page 6 continu¢d...
BRO CYBI MINISTR Y AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - conllDued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Planned giving Donations Loose collections Legacy gifts received Archdeacon propety grant For mission Tax Tefunds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 4.480 95.277 45,282 OTHER TRADING ACTIVITIES 2024 2023 Fees Money raising Other inc0e S,450 6,013 9,365 7,595 29.034 4,577 41,206 INVESTMENT INCOME 2024 2023 Envesthjent income 2,134 Page 7 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUIYCIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Churcb Property Grants 5,000 1,335 Included in the "Grants" total of £1,335 for 2023 is: - £1,235 from The Isle of Angl¢sey Charitabl¢ Trust - £100 from Cyngor Cymdeithas Rhoscolyn - Rhoscolyn Community Council Included in the "Grants" total of £5,000 for 2024 is- - £5.000 from Bangor Diocesan Trust RAISING FUNDS Other trading actlvities 2024 2023 Cost of Money Raising 25 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Support for Ministy Parish A¢tivites Church Prop¢ty Other R¢s¢our¢¢s Expcndcd 995 S6,270 27,725 995 56,270 27,725 SUPPORT COSTS Governance costs Other Rescources Expended Page 8 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REMUNERATION Remuneration of £1,722 (2023 £1,638) was paid to the independent examineTS for the independent examination of the charity's financial statements. io. TRUSTEES, REMUNERATION AIYD BEIYEFITS There w¢r¢ no truste¢s' rernuneration or other benefits for th¢ y¢ar ending 31 December 2024 nor for the year ending 31 December 2023. Trustees, expenses There were no trustees, expenscs paid in th¢ year ¢nding 31 December 2024 nor for the year ending 31 D¢c¢mber 2023. ii. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2024 Revaluations 66J75 At 31 December 2024 NET BOOK VALUE At 31 December 2024 69,999 At 31 December 2023 Th¢re were no investment assets outside the UK. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 3,200 3,000 Page 9 ontinued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credilors 1,722 1,638 14. MOVEMENT IN FUNDS N¢t movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds Ministry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investm¢nts- Bangor Diocesan Trust 11,686 7,690 16,925 5,670 2,375 11,196 4,654 3,013 (4,375) (5,677) (5,732) 45,411 (2,211) (1,904) {871} 153 7Jll 2,013 9,518 11,081 2,180 9,292 1,757 {1,675) (40,000) 2,016 (2,026) 63209 24,794 (41,685) 46,318 Restricted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 15,748 4J22 20,468 63a62 IOJ79 (1,631) 68 11,105 3,471 266 2J60 14,117 4J90 31,583 66,833 50,645 io 40,OIMI 116,997 174 321 TOTAL FUNDS 180 220 639 Page 10 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - ¢ontinutd FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - Continued Net movem¢nt in funds, included in the above are as follows: Incoming Tesources Resourc¢s ¢xpended Gains and losses Movernent in funds UnrestrActed funds Minigtry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfa¢n's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall EnteTprise Investments- Bangor Diocesan Trust 31,474 2,084 7,594 52,866 5,286 3,296 6,657 (35.849) (7,761) (13J26) (7,455) {7,497) {5,21)0) {7,528) (4J75) {5,677) (5,732) 45,411 (2,211) (1,904) (871) 153 153 109,257 (84,616) 153 24,794 Restrieted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwcnfaen's Church Restoration Fund tnvestm¢nts- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 490 68 11,105 (2,121) (1,631) 68 11,105 3,471 266 3,471 266 2J60 2.121 15,639 TOTAL FUNDS 123 546 86,737) 3,624 Pagell continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUTr4CIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - contAnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 UDrestrReted funds Ministy Area Fund Si Cybi's Committee Fund Si David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investments- Bangor Diocesan Tn]st 16,537 14,774 16,379 7,126 2,937 13,362 3,217 2.990 (4,851) (7,084) 546 (1,456) (1,562) (2,166) 2,437 23 11,686 7,690 16,925 5,670 2,375 11,196 4,654 1.000 (I,000} 77,322 (14,113) 63,209 Restricted fvnds St Seiriol Churchyard St Cybi's Restoration Fund St Gwenfaen's Church R¢storation Fwid Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 16,744 4,310 11,893 60,014 10.160 (996) 12 8,575 3,348 219 15.748 4,322 20,468 63,362 10,379 2,718 103 121 13,876 116,997 TOTAL FUNDS 180.443 180206 Page 12 continue(L..
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - contlnyed FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the abov¢ are as follows: Incoming resources R¢souwes ¢xpend¢d Gains and 1055¢S Movement in funds Unrestricted funds Ministy Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Inv¢stments- Bangor Diocesan Trust 33,736 11,807 8,573 3,838 9.244 3.055 7.067 (38,587) (18,891) {8,027} {5,294} (10,806) (5,221} (4,630) (4,851) (7,084) 546 (1,456) (1.562) (2,166) 2,437 23 23 77,320 {91,456) 23 (14,113) Restricted fund$ St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's L¢gacy Fund St David RestOTation Fund 1.025 12 8.663 (2,021) (996) 12 8,575 3,348 219 2.718 (88) 3,348 219 2,718 12.637 2,109 3,348 TOTAL FUNDS 89,957 93 565) 3,371 Pur se of Restricted Funds St S¢Ariol Churehyard For the mailltenance and upkeep of St S¢iriol churchyard and restricted as such. St Cybi'5 Restoration Fund For repairs and maintenance of St Cybi's church and rcstricted as such. St Givenfaen'$ Church Restoration Fund For th¢ g¢n¢ral purpose of r¢novating St Gwcnfa¢n'$ church windows. Investments - RB Church in Wales (RBCW) Funds are invested with the RBCW until there is a particular need for the fimds. St Ffraid's LegY Fund For the maintenance and upke¢p of St Ffraid's churchyard and restricted as such. St David's Restoration Fund For the provision of new toilets at St David's Church. Page 13 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCJL) NOTES TO THE FINAIYCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 Is. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dec¢mb¢r 2024 nor for the year ended 31 December 2023. Page 14
BRO CYBI MITrIISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVJTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMEIYTS Donations and legacies Planned giving Donations Loose collections L¢gacy gifts received Archdeacon property grant For mission Tax r¢funds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 95,277 45,282 Other trading activities 5,450 6,013 7,595 29,034 4,577 Money raising Other income 20.828 41,206 Investment In¢ome Investment income 7,441 2.134 Charitable actlvities Grdnts 1.335 Total incoming resources 123,546 89,957 EXPENDITURE Other trading activities Costs of money raising 25 3.240 Charftable activities Homelworld Maintenance of other property Bishops Funds Parochial expenses of clcri¢s General parish expens¢s MainteTJancc of chur¢hes 1,726 3,497 5,307 50,000 2,108 3,468 24.307 51,000 995 3,544 84,990 88,687 Support costs This page does not form part of the statutory financial statements Page 15
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Support costs Governance costs Independent examiners fee Total resources ¢xp¢nd¢d 93,565 Net in¢omel(expenditure) This pag¢ does not forn) part of the slatutory financial statements Page 16
REGISTERLD CHARITY NUMBER: 1134817 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Williams Denton C Chartered Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report ststement of Financial Actlvldes Balance Sheet Notes to the Financial Statements 6 to 14 Detailed Statement of Financial Activities 15 to 16
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Th¢ trustees present their report with the financial statem¢nts of the charity for the year ended 31 December 2024. The trust¢es have adopted the provisions of Accounting and Reporting by Charitics: Statement of R¢¢omm¢nd¢d Pra¢tic¢ applicable to chItIeS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), OBJECTIVES AND ACTIVITIES Objeetives and alms The objectives of the charity are to promot¢ the whole mission of the Church. postoral. evangelistic and ecumenical, in th¢ Ministry Area. Publie benefit The trustees confimi that they have referred to the guidance contained in th¢ Charity Con]mission's general guidance on public benefit wh¢n r¢vi¢wing the Charity's aims and objcctivcs and in planning thture activities. ACHIEVEMENT AND PERFORMANCE Charitgdble activities Th¢ Ministry Area has continued to promote its objective of promoting the whole MissioT] of thc church including the restoration work as adviscd by the ar¢hit¢ct of th¢ Saint Cybi's (Grade I listed building) church. FINANCIAL REVIEW Ffinancial position During th¢ year the Restricted Funds have increased whil¢ the Unrestricted Funds have decreased. The restricted element has increased from £l16.997 in December 2023 to £174,321 as at December 2024. Th¢ Unr¢stricled R¢serv¢s have decreased from £63,209 to £48.818 in th¢ same peTiOd. Reserves pollcy The Ministy Area strives to ensure that there are sufficient funds to cover 6 months ¢xp¢nditure. FUTURE PLANS The Ministy Area intends to continue to promote its objtIveS of promoting the whole mission of the Church. In an effort to ¢nsur¢ it5 s¢rvices and outreach ar¢ relevant to modem requirements, it Is in dialogue with the Bangor Dio¢¢san Board of Finance to consider any improv¢mmts which can be implemented. Levelling up funding (UK Goven)m¢nt) was secured to reorder the church and Eglwys y Bedd to becorne a social enterprise. The scheme aims lo be completed by July 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Ministy Area is Governed by the COnStition of The Church in Wales. a copy of which can be viewed on their website. Reeruitment and appointmcnt of new trustees Trnstees are appointed at thc annual Vesty by majority vote, following nomination from cligible p¢rsons prior to or while attending the meetiDg REFERENCE AND ADMINISTRATIVE DETAILS Registered Chydrity number 1134817 Prin¢ipal address 9 Sutton Court Saint Davids Road Holyhead Anglesey LL65 IAE Page I
BRO CYBI MllSISTRY AREA (HOLYHEAD PAROCHJAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Ms S Lingwood Mr C G M¢dley Ms E M Aldr¢d Ms L Ryd¢T Ms G Samson (r¢sign¢d l.1.24) Mr N Griffiths Mr R Parry Ms P Naylor Ms C L Griffith Rev N Ridings Ms S E Hanbury Rev J R Bailey Mr A Roberts Ms B Abbit Ms P Hughes R¢v G Bearwood (appointed 3.1 1.24) Independent Examiner Williams Denton Cyf Chartered Certified Accountants Glaslyn Ffordd y PaTC Parc M¢nai Bangor Gwyn¢dd LL57 4FE Bankers HSBC High Street Llangefni Ynys Mon LL77 7LU Approved by ord¢r of the board of trustees on ............................................. and signed on its behalf by.. Rev N Ridings - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Independent examlner's report to the trustees of Bro Cybi Ministry Area (Holyhead Pr4rochlal Church Coun¢ll) I report to the chaTity trustees on my ¢xaminalion of the accounts of Bro Cybi Ministy Area (Holyhead Parochial Church Council) (the TnJ8t) for th¢ y¢ar ¢nded 31 December 2024. Responsfibilities and basis of report As the charity tnjstees of the Trust you are responsible for the prcparation of the accounts in ac¢ordan¢¢ with th¢ requArements of the Charities Act 2011 ('the Act). I report in r¢sp¢¢t of my examination of the Trust's accounts carried out und¢r Section 145 of the Act and in carying out my examination I hav¢ followed all applicable Directions given by th¢ Charity Commission under Section 145(5)0)) of th¢ Act. Indep¢ndeDt examiner'5 Statement I have ¢ompl¢ted my examination. I confim that no material matters have com¢ to my att¢ntion in cOnntIon with th¢ examination giving me cause to believe that in any matertal respect: accounting records were not kept in r¢sp¢cl of tbe TNst as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with th¢ applicable requirements concerning the fomi and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vlew which is not a matter considered as part of an independent examination. I have no concerns and hav¢ com¢ across no other mattels in connection with th¢ ¢xaminatton to which attention should be drawn in this r¢port in order to enable a proper understanding of the accounts to b¢ T¢acb¢d. Colin Bell FCCA Williams D¢nton Cyf Chartered C¢rtifi¢d Accountants Glaslyn Ffordd y Par¢ Parc Menal Bangor Gwynedd LL57 4FE Date: ... Page 3
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) STATEMENT OF FINANCIAL ACTIVII'IES FOR THE YEAR EIYDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestri¢t¢d funds R¢stri¢t¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 85,575 9,702 95,277 45,282 Charitable activities Church Propcty 1,335 Other trading a¢tivitics Investment incom¢ 17,264 6,418 3,564 1,023 20.828 7.441 41.206 2,134 Total 109 257 14,289 123,546 89,957 EXPENDITURE ON Raising funds 25 25 3,240 Charitable aetivities Support for Ministy Parish Activites Church Property Grants and Financial Support Other Rescources Expended 995 56,2711 25,61H 995 56,270 27,725 2,108 53,468 29,614 3,497 2,121 1,722 Tot*1 86,737 93.565 N¢t gains on investments 153 3.471 3,624 3,371 NET INCOMEI{EXPENDITURE) Transfers between funds 24,794 15,639 40,433 (237) 14 Net movement in funds (16,891) 57,324 40,433 (237) RECOIYCILIATION OF FUNDS Total fvnds brought foard 63,209 116,997 180,206 180,443 TOTAL FUNDS CARRIED FORWARD 46,318 174,321 220,639 180.206 The notes form part of th¢ financial stat¢m¢nls Page 4
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUIYCIL) BALANCE SHEET 31 DECEMBER 2024 2024 Tot runds 2023 Total funds Unrestricted funds Restri¢t¢d funds Notes FIXED ASSETS Inv¢stm¢nts 3,166 66,833 69,999 66,375 CURRENT ASSETS Debtors Cash at bank 12 3,200 41.674 3,200 149,162 3,000 112.469 107,488 44,874 107,488 152,362 115,469 CREDITORS Amounts falling due within one year 13 (1,722) (1,722) (1,638) NET CURRENT ASSETS 107 488 150,640 113,831 TOTAL ASSETS LESS CURRENT LIABILJTIES 46J18 174,321 220,639 180.206 NET ASSETS 174,321 220,639 180 206 FUNDS Unrestricted funds Restricted funds 14 46a18 174321 63.209 116,997 TOTAL FUNDS 220 639 180,206 Thc financial statements weI¢ approved by the Board of Trustees and authorised for issue on V*/¢È..¥/.iJ . and were sign¢d on its behalf by.. Rev N Ridings - Trustee Mr R Parry - Trustee Th¢ notes forn] part of these fjnancial statem¢nts Page 5
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of prepllring the financial statements The financial statements of the charity, which is a public benefit entity undeT FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AccouDting 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fll)an¢ial statements have been Prepared under the bistorical cost convention, with tbe exception of Anveslments which are included at market value, as modifjed by the revaluation of certain assets. Th¢ trust¢¢s con5id¢r that th¢r¢ are no mat¢rial unrKrtaiDti¢s about tb¢ charity's ability to ¢ontinu¢ a5 a going ¢on¢¢rn. Income All income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount be measured reliably. Donations are re¢ognised when the charity has been notified in writing of both the amount and s¢til¢menl date. In the event that a donation is subject to conditions that requir¢ a l¢v¢l of p¢rfoman¢¢ b¢for¢ the Charity is entitled io the funds, th¢ income is deferred and not r¢¢ognis¢d until thos¢ conditions are m¢t. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the chartty to that expenditure, it is probable ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLwe is accounted for on an accrnals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistejjt with the use of resources. Taxation The charity is exen]pt from tax on its charitsble activities. Fund accounting Unrestiicted funds can be used in accordance with the charitsble objectives at the discretion of the trnstees. Restricted funds can only be used for particular restricted pury)oses within the objects of the charity. Restrictions aTise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fllwicial statements. Investment5 Inv¢stm¢nts ar¢ includ¢d at market valu¢. Page 6 continu¢d...
BRO CYBI MINISTR Y AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - conllDued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Planned giving Donations Loose collections Legacy gifts received Archdeacon propety grant For mission Tax Tefunds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 4.480 95.277 45,282 OTHER TRADING ACTIVITIES 2024 2023 Fees Money raising Other inc0e S,450 6,013 9,365 7,595 29.034 4,577 41,206 INVESTMENT INCOME 2024 2023 Envesthjent income 2,134 Page 7 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUIYCIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Churcb Property Grants 5,000 1,335 Included in the "Grants" total of £1,335 for 2023 is: - £1,235 from The Isle of Angl¢sey Charitabl¢ Trust - £100 from Cyngor Cymdeithas Rhoscolyn - Rhoscolyn Community Council Included in the "Grants" total of £5,000 for 2024 is- - £5.000 from Bangor Diocesan Trust RAISING FUNDS Other trading actlvities 2024 2023 Cost of Money Raising 25 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Support for Ministy Parish A¢tivites Church Prop¢ty Other R¢s¢our¢¢s Expcndcd 995 S6,270 27,725 995 56,270 27,725 SUPPORT COSTS Governance costs Other Rescources Expended Page 8 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REMUNERATION Remuneration of £1,722 (2023 £1,638) was paid to the independent examineTS for the independent examination of the charity's financial statements. io. TRUSTEES, REMUNERATION AIYD BEIYEFITS There w¢r¢ no truste¢s' rernuneration or other benefits for th¢ y¢ar ending 31 December 2024 nor for the year ending 31 December 2023. Trustees, expenses There were no trustees, expenscs paid in th¢ year ¢nding 31 December 2024 nor for the year ending 31 D¢c¢mber 2023. ii. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2024 Revaluations 66J75 At 31 December 2024 NET BOOK VALUE At 31 December 2024 69,999 At 31 December 2023 Th¢re were no investment assets outside the UK. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 3,200 3,000 Page 9 ontinued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credilors 1,722 1,638 14. MOVEMENT IN FUNDS N¢t movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds Ministry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investm¢nts- Bangor Diocesan Trust 11,686 7,690 16,925 5,670 2,375 11,196 4,654 3,013 (4,375) (5,677) (5,732) 45,411 (2,211) (1,904) {871} 153 7Jll 2,013 9,518 11,081 2,180 9,292 1,757 {1,675) (40,000) 2,016 (2,026) 63209 24,794 (41,685) 46,318 Restricted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 15,748 4J22 20,468 63a62 IOJ79 (1,631) 68 11,105 3,471 266 2J60 14,117 4J90 31,583 66,833 50,645 io 40,OIMI 116,997 174 321 TOTAL FUNDS 180 220 639 Page 10 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - ¢ontinutd FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - Continued Net movem¢nt in funds, included in the above are as follows: Incoming Tesources Resourc¢s ¢xpended Gains and losses Movernent in funds UnrestrActed funds Minigtry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfa¢n's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall EnteTprise Investments- Bangor Diocesan Trust 31,474 2,084 7,594 52,866 5,286 3,296 6,657 (35.849) (7,761) (13J26) (7,455) {7,497) {5,21)0) {7,528) (4J75) {5,677) (5,732) 45,411 (2,211) (1,904) (871) 153 153 109,257 (84,616) 153 24,794 Restrieted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwcnfaen's Church Restoration Fund tnvestm¢nts- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 490 68 11,105 (2,121) (1,631) 68 11,105 3,471 266 3,471 266 2J60 2.121 15,639 TOTAL FUNDS 123 546 86,737) 3,624 Pagell continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUTr4CIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - contAnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 UDrestrReted funds Ministy Area Fund Si Cybi's Committee Fund Si David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investments- Bangor Diocesan Tn]st 16,537 14,774 16,379 7,126 2,937 13,362 3,217 2.990 (4,851) (7,084) 546 (1,456) (1,562) (2,166) 2,437 23 11,686 7,690 16,925 5,670 2,375 11,196 4,654 1.000 (I,000} 77,322 (14,113) 63,209 Restricted fvnds St Seiriol Churchyard St Cybi's Restoration Fund St Gwenfaen's Church R¢storation Fwid Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 16,744 4,310 11,893 60,014 10.160 (996) 12 8,575 3,348 219 15.748 4,322 20,468 63,362 10,379 2,718 103 121 13,876 116,997 TOTAL FUNDS 180.443 180206 Page 12 continue(L..
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - contlnyed FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the abov¢ are as follows: Incoming resources R¢souwes ¢xpend¢d Gains and 1055¢S Movement in funds Unrestricted funds Ministy Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Inv¢stments- Bangor Diocesan Trust 33,736 11,807 8,573 3,838 9.244 3.055 7.067 (38,587) (18,891) {8,027} {5,294} (10,806) (5,221} (4,630) (4,851) (7,084) 546 (1,456) (1.562) (2,166) 2,437 23 23 77,320 {91,456) 23 (14,113) Restricted fund$ St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's L¢gacy Fund St David RestOTation Fund 1.025 12 8.663 (2,021) (996) 12 8,575 3,348 219 2.718 (88) 3,348 219 2,718 12.637 2,109 3,348 TOTAL FUNDS 89,957 93 565) 3,371 Pur se of Restricted Funds St S¢Ariol Churehyard For the mailltenance and upkeep of St S¢iriol churchyard and restricted as such. St Cybi'5 Restoration Fund For repairs and maintenance of St Cybi's church and rcstricted as such. St Givenfaen'$ Church Restoration Fund For th¢ g¢n¢ral purpose of r¢novating St Gwcnfa¢n'$ church windows. Investments - RB Church in Wales (RBCW) Funds are invested with the RBCW until there is a particular need for the fimds. St Ffraid's LegY Fund For the maintenance and upke¢p of St Ffraid's churchyard and restricted as such. St David's Restoration Fund For the provision of new toilets at St David's Church. Page 13 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCJL) NOTES TO THE FINAIYCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 Is. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dec¢mb¢r 2024 nor for the year ended 31 December 2023. Page 14
BRO CYBI MITrIISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVJTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMEIYTS Donations and legacies Planned giving Donations Loose collections L¢gacy gifts received Archdeacon property grant For mission Tax r¢funds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 95,277 45,282 Other trading activities 5,450 6,013 7,595 29,034 4,577 Money raising Other income 20.828 41,206 Investment In¢ome Investment income 7,441 2.134 Charitable actlvities Grdnts 1.335 Total incoming resources 123,546 89,957 EXPENDITURE Other trading activities Costs of money raising 25 3.240 Charftable activities Homelworld Maintenance of other property Bishops Funds Parochial expenses of clcri¢s General parish expens¢s MainteTJancc of chur¢hes 1,726 3,497 5,307 50,000 2,108 3,468 24.307 51,000 995 3,544 84,990 88,687 Support costs This page does not form part of the statutory financial statements Page 15
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Support costs Governance costs Independent examiners fee Total resources ¢xp¢nd¢d 93,565 Net in¢omel(expenditure) This pag¢ does not forn) part of the slatutory financial statements Page 16
REGISTERLD CHARITY NUMBER: 1134817 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Williams Denton C Chartered Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report ststement of Financial Actlvldes Balance Sheet Notes to the Financial Statements 6 to 14 Detailed Statement of Financial Activities 15 to 16
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Th¢ trustees present their report with the financial statem¢nts of the charity for the year ended 31 December 2024. The trust¢es have adopted the provisions of Accounting and Reporting by Charitics: Statement of R¢¢omm¢nd¢d Pra¢tic¢ applicable to chItIeS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), OBJECTIVES AND ACTIVITIES Objeetives and alms The objectives of the charity are to promot¢ the whole mission of the Church. postoral. evangelistic and ecumenical, in th¢ Ministry Area. Publie benefit The trustees confimi that they have referred to the guidance contained in th¢ Charity Con]mission's general guidance on public benefit wh¢n r¢vi¢wing the Charity's aims and objcctivcs and in planning thture activities. ACHIEVEMENT AND PERFORMANCE Charitgdble activities Th¢ Ministry Area has continued to promote its objective of promoting the whole MissioT] of thc church including the restoration work as adviscd by the ar¢hit¢ct of th¢ Saint Cybi's (Grade I listed building) church. FINANCIAL REVIEW Ffinancial position During th¢ year the Restricted Funds have increased whil¢ the Unrestricted Funds have decreased. The restricted element has increased from £l16.997 in December 2023 to £174,321 as at December 2024. Th¢ Unr¢stricled R¢serv¢s have decreased from £63,209 to £48.818 in th¢ same peTiOd. Reserves pollcy The Ministy Area strives to ensure that there are sufficient funds to cover 6 months ¢xp¢nditure. FUTURE PLANS The Ministy Area intends to continue to promote its objtIveS of promoting the whole mission of the Church. In an effort to ¢nsur¢ it5 s¢rvices and outreach ar¢ relevant to modem requirements, it Is in dialogue with the Bangor Dio¢¢san Board of Finance to consider any improv¢mmts which can be implemented. Levelling up funding (UK Goven)m¢nt) was secured to reorder the church and Eglwys y Bedd to becorne a social enterprise. The scheme aims lo be completed by July 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Ministy Area is Governed by the COnStition of The Church in Wales. a copy of which can be viewed on their website. Reeruitment and appointmcnt of new trustees Trnstees are appointed at thc annual Vesty by majority vote, following nomination from cligible p¢rsons prior to or while attending the meetiDg REFERENCE AND ADMINISTRATIVE DETAILS Registered Chydrity number 1134817 Prin¢ipal address 9 Sutton Court Saint Davids Road Holyhead Anglesey LL65 IAE Page I
BRO CYBI MllSISTRY AREA (HOLYHEAD PAROCHJAL CHURCH COUNCIL) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Ms S Lingwood Mr C G M¢dley Ms E M Aldr¢d Ms L Ryd¢T Ms G Samson (r¢sign¢d l.1.24) Mr N Griffiths Mr R Parry Ms P Naylor Ms C L Griffith Rev N Ridings Ms S E Hanbury Rev J R Bailey Mr A Roberts Ms B Abbit Ms P Hughes R¢v G Bearwood (appointed 3.1 1.24) Independent Examiner Williams Denton Cyf Chartered Certified Accountants Glaslyn Ffordd y PaTC Parc M¢nai Bangor Gwyn¢dd LL57 4FE Bankers HSBC High Street Llangefni Ynys Mon LL77 7LU Approved by ord¢r of the board of trustees on ............................................. and signed on its behalf by.. Rev N Ridings - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) Independent examlner's report to the trustees of Bro Cybi Ministry Area (Holyhead Pr4rochlal Church Coun¢ll) I report to the chaTity trustees on my ¢xaminalion of the accounts of Bro Cybi Ministy Area (Holyhead Parochial Church Council) (the TnJ8t) for th¢ y¢ar ¢nded 31 December 2024. Responsfibilities and basis of report As the charity tnjstees of the Trust you are responsible for the prcparation of the accounts in ac¢ordan¢¢ with th¢ requArements of the Charities Act 2011 ('the Act). I report in r¢sp¢¢t of my examination of the Trust's accounts carried out und¢r Section 145 of the Act and in carying out my examination I hav¢ followed all applicable Directions given by th¢ Charity Commission under Section 145(5)0)) of th¢ Act. Indep¢ndeDt examiner'5 Statement I have ¢ompl¢ted my examination. I confim that no material matters have com¢ to my att¢ntion in cOnntIon with th¢ examination giving me cause to believe that in any matertal respect: accounting records were not kept in r¢sp¢cl of tbe TNst as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with th¢ applicable requirements concerning the fomi and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vlew which is not a matter considered as part of an independent examination. I have no concerns and hav¢ com¢ across no other mattels in connection with th¢ ¢xaminatton to which attention should be drawn in this r¢port in order to enable a proper understanding of the accounts to b¢ T¢acb¢d. Colin Bell FCCA Williams D¢nton Cyf Chartered C¢rtifi¢d Accountants Glaslyn Ffordd y Par¢ Parc Menal Bangor Gwynedd LL57 4FE Date: ... Page 3
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) STATEMENT OF FINANCIAL ACTIVII'IES FOR THE YEAR EIYDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestri¢t¢d funds R¢stri¢t¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 85,575 9,702 95,277 45,282 Charitable activities Church Propcty 1,335 Other trading a¢tivitics Investment incom¢ 17,264 6,418 3,564 1,023 20.828 7.441 41.206 2,134 Total 109 257 14,289 123,546 89,957 EXPENDITURE ON Raising funds 25 25 3,240 Charitable aetivities Support for Ministy Parish Activites Church Property Grants and Financial Support Other Rescources Expended 995 56,2711 25,61H 995 56,270 27,725 2,108 53,468 29,614 3,497 2,121 1,722 Tot*1 86,737 93.565 N¢t gains on investments 153 3.471 3,624 3,371 NET INCOMEI{EXPENDITURE) Transfers between funds 24,794 15,639 40,433 (237) 14 Net movement in funds (16,891) 57,324 40,433 (237) RECOIYCILIATION OF FUNDS Total fvnds brought foard 63,209 116,997 180,206 180,443 TOTAL FUNDS CARRIED FORWARD 46,318 174,321 220,639 180.206 The notes form part of th¢ financial stat¢m¢nls Page 4
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUIYCIL) BALANCE SHEET 31 DECEMBER 2024 2024 Tot runds 2023 Total funds Unrestricted funds Restri¢t¢d funds Notes FIXED ASSETS Inv¢stm¢nts 3,166 66,833 69,999 66,375 CURRENT ASSETS Debtors Cash at bank 12 3,200 41.674 3,200 149,162 3,000 112.469 107,488 44,874 107,488 152,362 115,469 CREDITORS Amounts falling due within one year 13 (1,722) (1,722) (1,638) NET CURRENT ASSETS 107 488 150,640 113,831 TOTAL ASSETS LESS CURRENT LIABILJTIES 46J18 174,321 220,639 180.206 NET ASSETS 174,321 220,639 180 206 FUNDS Unrestricted funds Restricted funds 14 46a18 174321 63.209 116,997 TOTAL FUNDS 220 639 180,206 Thc financial statements weI¢ approved by the Board of Trustees and authorised for issue on V*/¢È..¥/.iJ . and were sign¢d on its behalf by.. Rev N Ridings - Trustee Mr R Parry - Trustee Th¢ notes forn] part of these fjnancial statem¢nts Page 5
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of prepllring the financial statements The financial statements of the charity, which is a public benefit entity undeT FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AccouDting 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fll)an¢ial statements have been Prepared under the bistorical cost convention, with tbe exception of Anveslments which are included at market value, as modifjed by the revaluation of certain assets. Th¢ trust¢¢s con5id¢r that th¢r¢ are no mat¢rial unrKrtaiDti¢s about tb¢ charity's ability to ¢ontinu¢ a5 a going ¢on¢¢rn. Income All income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount be measured reliably. Donations are re¢ognised when the charity has been notified in writing of both the amount and s¢til¢menl date. In the event that a donation is subject to conditions that requir¢ a l¢v¢l of p¢rfoman¢¢ b¢for¢ the Charity is entitled io the funds, th¢ income is deferred and not r¢¢ognis¢d until thos¢ conditions are m¢t. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the chartty to that expenditure, it is probable ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLwe is accounted for on an accrnals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistejjt with the use of resources. Taxation The charity is exen]pt from tax on its charitsble activities. Fund accounting Unrestiicted funds can be used in accordance with the charitsble objectives at the discretion of the trnstees. Restricted funds can only be used for particular restricted pury)oses within the objects of the charity. Restrictions aTise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fllwicial statements. Investment5 Inv¢stm¢nts ar¢ includ¢d at market valu¢. Page 6 continu¢d...
BRO CYBI MINISTR Y AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - conllDued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Planned giving Donations Loose collections Legacy gifts received Archdeacon propety grant For mission Tax Tefunds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 4.480 95.277 45,282 OTHER TRADING ACTIVITIES 2024 2023 Fees Money raising Other inc0e S,450 6,013 9,365 7,595 29.034 4,577 41,206 INVESTMENT INCOME 2024 2023 Envesthjent income 2,134 Page 7 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUIYCIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Churcb Property Grants 5,000 1,335 Included in the "Grants" total of £1,335 for 2023 is: - £1,235 from The Isle of Angl¢sey Charitabl¢ Trust - £100 from Cyngor Cymdeithas Rhoscolyn - Rhoscolyn Community Council Included in the "Grants" total of £5,000 for 2024 is- - £5.000 from Bangor Diocesan Trust RAISING FUNDS Other trading actlvities 2024 2023 Cost of Money Raising 25 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Support for Ministy Parish A¢tivites Church Prop¢ty Other R¢s¢our¢¢s Expcndcd 995 S6,270 27,725 995 56,270 27,725 SUPPORT COSTS Governance costs Other Rescources Expended Page 8 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) IYOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REMUNERATION Remuneration of £1,722 (2023 £1,638) was paid to the independent examineTS for the independent examination of the charity's financial statements. io. TRUSTEES, REMUNERATION AIYD BEIYEFITS There w¢r¢ no truste¢s' rernuneration or other benefits for th¢ y¢ar ending 31 December 2024 nor for the year ending 31 December 2023. Trustees, expenses There were no trustees, expenscs paid in th¢ year ¢nding 31 December 2024 nor for the year ending 31 D¢c¢mber 2023. ii. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2024 Revaluations 66J75 At 31 December 2024 NET BOOK VALUE At 31 December 2024 69,999 At 31 December 2023 Th¢re were no investment assets outside the UK. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 3,200 3,000 Page 9 ontinued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credilors 1,722 1,638 14. MOVEMENT IN FUNDS N¢t movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds Ministry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investm¢nts- Bangor Diocesan Trust 11,686 7,690 16,925 5,670 2,375 11,196 4,654 3,013 (4,375) (5,677) (5,732) 45,411 (2,211) (1,904) {871} 153 7Jll 2,013 9,518 11,081 2,180 9,292 1,757 {1,675) (40,000) 2,016 (2,026) 63209 24,794 (41,685) 46,318 Restricted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 15,748 4J22 20,468 63a62 IOJ79 (1,631) 68 11,105 3,471 266 2J60 14,117 4J90 31,583 66,833 50,645 io 40,OIMI 116,997 174 321 TOTAL FUNDS 180 220 639 Page 10 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - ¢ontinutd FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - Continued Net movem¢nt in funds, included in the above are as follows: Incoming Tesources Resourc¢s ¢xpended Gains and losses Movernent in funds UnrestrActed funds Minigtry Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfa¢n's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall EnteTprise Investments- Bangor Diocesan Trust 31,474 2,084 7,594 52,866 5,286 3,296 6,657 (35.849) (7,761) (13J26) (7,455) {7,497) {5,21)0) {7,528) (4J75) {5,677) (5,732) 45,411 (2,211) (1,904) (871) 153 153 109,257 (84,616) 153 24,794 Restrieted funds St Seiriol Churchyard St Cybi's R¢storation Fund St Gwcnfaen's Church Restoration Fund tnvestm¢nts- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 490 68 11,105 (2,121) (1,631) 68 11,105 3,471 266 3,471 266 2J60 2.121 15,639 TOTAL FUNDS 123 546 86,737) 3,624 Pagell continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCIIIAL CHURCH COUTr4CIL) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - contAnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 UDrestrReted funds Ministy Area Fund Si Cybi's Committee Fund Si David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Investments- Bangor Diocesan Tn]st 16,537 14,774 16,379 7,126 2,937 13,362 3,217 2.990 (4,851) (7,084) 546 (1,456) (1,562) (2,166) 2,437 23 11,686 7,690 16,925 5,670 2,375 11,196 4,654 1.000 (I,000} 77,322 (14,113) 63,209 Restricted fvnds St Seiriol Churchyard St Cybi's Restoration Fund St Gwenfaen's Church R¢storation Fwid Investments- RB Church in Wales St Ffraid's Legacy Fund St David Restoration Fund 16,744 4,310 11,893 60,014 10.160 (996) 12 8,575 3,348 219 15.748 4,322 20,468 63,362 10,379 2,718 103 121 13,876 116,997 TOTAL FUNDS 180.443 180206 Page 12 continue(L..
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) NOTES TO THE FINANCIAL STATEMENTS - contlnyed FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the abov¢ are as follows: Incoming resources R¢souwes ¢xpend¢d Gains and 1055¢S Movement in funds Unrestricted funds Ministy Area Fund St Cybi's Committee Fund St David's Church Fund St Ffraid's Church Fund St Gwenfaen's Church Fund St Ffraid's Hall Fund St Gwenfaen's Hall Enterprise Inv¢stments- Bangor Diocesan Trust 33,736 11,807 8,573 3,838 9.244 3.055 7.067 (38,587) (18,891) {8,027} {5,294} (10,806) (5,221} (4,630) (4,851) (7,084) 546 (1,456) (1.562) (2,166) 2,437 23 23 77,320 {91,456) 23 (14,113) Restricted fund$ St Seiriol Churchyard St Cybi's R¢storation Fund St Gwenfaen's Church Restoration Fund Investments- RB Church in Wales St Ffraid's L¢gacy Fund St David RestOTation Fund 1.025 12 8.663 (2,021) (996) 12 8,575 3,348 219 2.718 (88) 3,348 219 2,718 12.637 2,109 3,348 TOTAL FUNDS 89,957 93 565) 3,371 Pur se of Restricted Funds St S¢Ariol Churehyard For the mailltenance and upkeep of St S¢iriol churchyard and restricted as such. St Cybi'5 Restoration Fund For repairs and maintenance of St Cybi's church and rcstricted as such. St Givenfaen'$ Church Restoration Fund For th¢ g¢n¢ral purpose of r¢novating St Gwcnfa¢n'$ church windows. Investments - RB Church in Wales (RBCW) Funds are invested with the RBCW until there is a particular need for the fimds. St Ffraid's LegY Fund For the maintenance and upke¢p of St Ffraid's churchyard and restricted as such. St David's Restoration Fund For the provision of new toilets at St David's Church. Page 13 continued...
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCJL) NOTES TO THE FINAIYCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 Is. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dec¢mb¢r 2024 nor for the year ended 31 December 2023. Page 14
BRO CYBI MITrIISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVJTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMEIYTS Donations and legacies Planned giving Donations Loose collections L¢gacy gifts received Archdeacon property grant For mission Tax r¢funds 18,935 8,754 5,374 49,000 5,000 1,479 20,403 14,357 5,236 806 95,277 45,282 Other trading activities 5,450 6,013 7,595 29,034 4,577 Money raising Other income 20.828 41,206 Investment In¢ome Investment income 7,441 2.134 Charitable actlvities Grdnts 1.335 Total incoming resources 123,546 89,957 EXPENDITURE Other trading activities Costs of money raising 25 3.240 Charftable activities Homelworld Maintenance of other property Bishops Funds Parochial expenses of clcri¢s General parish expens¢s MainteTJancc of chur¢hes 1,726 3,497 5,307 50,000 2,108 3,468 24.307 51,000 995 3,544 84,990 88,687 Support costs This page does not form part of the statutory financial statements Page 15
BRO CYBI MINISTRY AREA (HOLYHEAD PAROCHIAL CHURCH COUNCIL) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Support costs Governance costs Independent examiners fee Total resources ¢xp¢nd¢d 93,565 Net in¢omel(expenditure) This pag¢ does not forn) part of the slatutory financial statements Page 16