Parish of Aberystwyth Parochial Church Council
(The Local Ministry Area of Aberystwyth)
Annual Accounts
for the year ended 31 December 2020
Registered Charity No. 1134858

Constituent churches:
within the Deanery of Uanbadarn Fawr, in the Church in Wale5 Diocese of St David5
St Michael and All Ange15 Church, Aberystwyth
Holy Trinity Church. Aberystwyth
Eglwys v Santes Fair (also known as St Mairfs/St Marfs Church). Aberystwyth
St Anne's Church, Penparcau
St Llwchaiarn Church, Uanychaearn
Prlnclpal office:
St Michael's Church. Laura Pla￿. Abery5twyth. Ceredigion, SY23 2AU
Contact:
Tel.. 01970 617184
Email: office
5tmikes.net

Chairfs Comments
As I write this report I feel it 15 important for us to acknowledge the difficulties we have experienced in
continuing to be church under lockdown restrictions and also the pressures that our clergy, Staff,
wardens and church committees have been under a5 we have continued to maintain our worship
alongside all of the necessary care of building5, finances and forward planning activities. Much of this
has needed to be done on line and h3s inevitably meant that there have been difficLslties in
communication and that some people have found this time very isolating. Despite all of this the church
has continued to function with services, prayer meetings, home groups and our community activities
being maintained.
Over the last year alongside pastoral care the main concerns for the Local Ministry Area Council has
been monitoring our financial position and the care and use of our buildings. We were fortunate during
2020 to benefit from a reduced ministry share which has made a huge difference to our finances at a
tlme when giving has been lower than usual due to our church buildings being closed. At the time of
writing plans are in progress for the sale of properties held in trust adjacent to Holy Trinity Church and
also to discuss proposals for the improvement of St Michael'5 car park. We have also agreed to plans
for moving forward with Santes Fair to host The Well and the Hatch in the future and are considering
the future use of all of our buildings to ensure that the parish is sustainable into the future. Talk of
change is always unsettling and there will be opportunitie5 for each congregation to express their
thoughts about this over the coming month5.
I want to thank all of our members for their contributions to the ongoing work of the church in serving
in our community, and for their perseverance and understanding during this time. Thanks are due in
particular to our clergy team- staff; those who have contributed to services both in person and on line,.
our wardens; our treasurers and our committee members; those keeping Jubilee Storehouse, the Well
and the Hatch going in difficult circumstances. and everyone else for thelr commitment In sUPPOrting
one another in many different ways.
he body is a unit, though it is made up of many parts. and though all its parts are many, they form
one body....
Now you are the body of Christ. and each of you 15 a part of it." Icor 12 INIVI
As we look forward to the 2021 we are aware that the challenges of 2020 remain and we will still be
operating under Covid restrictions. The coming year will be one of reflection on our changing resources
and circumstances and reviewing the way that we do things as the restrictions ease. We thank you
again for your ongoing commitment to one another and to serving God within our tommunity.
Trustees, Report
Objertlves and Activities
The last twelve months have seen the Local Ministry Area ILMAI of Aberystwyth become more
established with the church committees and LMA Council beginning to establish themselves under the
revised standing orders. The way that we operate as a Ministry Area has been subject to the various
Covid restrirtions but nevertheless our committees have largely been able to move online and to
continue their oversight. However, as reported previously we are pleased to say that the objectives of
the Ministry Area remain the same. As a collection of five different churches and congregations in and
around Aberystwyth, we continue our commitment to enabling as many people as possible to worship
and to the promotion of the whole mission of the Church, pastoral, evangelistic. social and ecumenical.
Thi5 is achieved not only by our in-person Sunday worship where permitted, but also using online
resources and printed materials, maintaining regular contatt with our members by telephone. email
and video conferencing and a variety of activities that seek to involve us in expressing God's love in
our local community in order to encourage the development of individual Christian faith and
understanding of the Gospel of Jesus Christ.

Many of our services have moved online with a commwtment to providing a mix of styles and of worship
and different ways for people to share fellowship together. We have continued to operate our
foodbank based at St Anne's Church throughout the year and more recently, working closely with
Ceredigion Council and the W311ich to re-e5tablish our meals for homeless people through the Well
and the Hatch initiatives which were closed earlier in the year because of the lockdown restrictions.
The provision of Parent and Toddler groups remain suspended currently but there are plan5 for these
to restart 35 soon as the restrictions allow. Our links with Welsh learners have also continued through
the work of our congregation at Santes Fair using online technology. We remain involved with the
other churches and chape15 in the town to provide a chaplaincy service to the hospital and University.
In this way, and in many others, we aim to contribute to the health and wellbeing of our local
community,. with a mind to the Charity Commission's guidance on public benefit and have continued
to do this throughout the Covid-19 pandemic. Although our buildings may have been closed, we are
very much still an active chufch and continue to thrive and plarb for the future.
Our ministry team consisting of Revd. Mark Ansell (Ministry Area Oeanl, Revd. Liz Rees and Revd. Cei
Rees, and Rev Dr Robert Wilkinson INSM Curatel has worked well together through thi5 time sUPPOrted
a150 by our lay reader Anne Dye, and Revd Canon Michael Rees Iretiredl. They have recently been
joined by Revd Becky Evans Icijratel who has taken over responsibility for our student work a5 part of
her role, continuing the work of a previously employed student pastor. A new post of Online Pastor
has been established to support the online work of the LMA. We continue to employ a Children and
Families, Pastor, a Youth and Worship Pastor, a Financial Coordinator and an Office Administrator and
a Verger.
However, it is true to say that without the tommitment and sacrificial giving in time, expertise and
financially of our thurch members the charity would be unable to carry out many of its activities and
we are very grateful for this.
During the last year the provision of weddings and baptisms has been limited due to restrlrtions
however where possible these Se￿iCe$ have 8one ahead. Our clergy have also presided over a number
of funerals both for church members and those from the wider community.
The LMA tontinues to support groups, and individuals who have links to our LMA, who share our .
objectives to further God'5 work and support those in need.
Achlevements and Performance
The LMA seeks to undertake activities that benefft and enrich the lives of those with whom we have
contact within our Total community. Sadly, many of our usual event5 have been unable to continue
during this time due to Covid restrictions. we have provided weekly Sunday online services, midweek
morning prayer online, Easter and Christmas activities for families outdoors, online prayer meetings
and fellowship groups, provision of printed materials to those who are unable to use digital technology.
pastoral phone calls as well as the provision of food to those in need, and meals for those who are
homeless or in temporary accommodation.
The maintenance of our church buildings has been challenging during the year with limited access and
some storm damage. This has resulted in remedial work being needed. The buildings are subject to
quinquennial inspertions, and we are aware that there is work needed in the comillg year to deal with
issues that have been identified.
Our income for the year has been below normal with the car park at St Michael's church contributing
lower than usual sums and voluntary giving suffering due to our buildings being closed for much of the
year. FortLJnately, due to the generosity of the Diocese in reducing our Ministry Share contributions
and savings being made due to not opening our buildings our outturn for the year is favourable.
However, we are aware that the financial year of 2021 and Subsequent year will be more challenging.
We carryout little iri the way of active fundraising with the majority of our funds coming from voluntary
donations made by our members with some funds being received from grant making bodie5. which is
greatly appreciated. The LMA does own residential property which generates income through rents

and is currently negotiating the sale of a cottage and the Bu8rth Hall adjaoent to Holy Trinity, which
are in need of investment. This sale will provide capital which will help to fund some necessary building
repair5.
Financial Revlew for year ending December 2020
2020 has been an unprecedented year which has afferted us in 50 many ways, including our finances.
The Church in Wales has provided generousfinancial support and been able to relieve us of a significant
proportion of our ministry share contribution, which has made a huge difference to our financial
position.
The picture acro55 Qur churches is mixed but with church buildings closed for services (including
weddlngs and funerals) for many month5 there was an inevitable drop in 'Open Plate, offerings.
Financial support for the Jubilee Storehouse remained high. as did regular giving by member5. St
Michaels received a £50,000 legacy. Due to substantially reduced expenditure, there was an overall
surplus across the LMA of £136,2(K) with only Holy Trinity recording a defitit.
We believe that the majority of our resources should be put to active use, but some reserves are kept
principally to cover the cost of any unplanned building repairs and maintenance.
We expect 2021 to be anothervery unusual year but we already knowthat there will be further support
from the Church in Wales which will help us to maintain some financial tonfidence for the year ahead
however we are aware that subsequent years may be more challenging.
The majority of our re5eNes are held as property. and we are in the proce55 of liquidating some assets
in order to have more cash available in 2020 to meet our liabilitie5. Our church bulldlngs also pose a
risk to our finances. All church buildings are inspected every 5 years by an architect, and we are aware
of work needing to be carried out in several of our churches.
We will continue to seek grant aid where appropriate, to ensure that rental properties a￿ let where
possible or sold if not, to negotiate with the DBF regarding the payment of our Ministry Share if
ece5sary, and to be flexible with staffing levels.
Any investments held in trust by the Church in Wales and the Diocesan Board of Finance IDBFI are
invested in the Common Investment Fund in accordance with the Investment policies of those
Snstitutions.
Strurture, Governance and Manaiement
The Local Ministry Area of Aberystvryth Parochial Church Council 15 constituted under the constitution
of The Churth In Wales and abides by their regulations.
The strurture of the Council is that each of the five churches elects its own Church Committee on an
annual basis at their individual Easter Vestries. The election of each member is normally for a period
of three years. Some of those members are then appointed to represent their church on the LMA
Council. Our Vicars, Curate, and Ministry Area Wardens and Church Wardens are ex-officio member5
of the LMA Council. The appointed secretary and treasurer. as well 0$ other lay people and licensed
readers, are co-opted to the LMA Council and a lay chair is elected.
The trustees (members of the Ministry Area Council) are chosen for their experience, talents and
contribution to the life of their respective churches. Trustees are directed to the Charity Commission
booklet 'The Essential Trustee What you need to know for details of their responsibilities, as well as
being invited to attend a training evening. The trustees. sitting as the Ministry Area Council, hold a
meeting at least quarterlyi to receive a report from one of the two sub-wardens appointed by each
church and from the church treasurers. These reports review all the activities of eath of the churches.
Any proposals, which require the sanction of the Ministry Area Council are put to the meeting and are
passed only if there is unanimity.

Decision-making authority rests with the Clergy, the LMA Council, the LMA Wardens and LMA
Treasurer, although authority for many local church matters is delegated to the team vicars, church
comtnittees, 5ub-wardens and church treasurers. The level of devolvement is specified in the Standing
Orders for the Ministry Area. Lay staff and voluntary leaders have authority within their own areas of
ministry for routine activities. as well as management of delegated budgets.
It is the responsibility of the Clergy and LMA Council to consult and to co-operate in all matters of
concern and importance to the LMA for the promotion of the whole mission of the Church, pastoral,
evangelistic, social and ecumenical in the LMA.
The trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally
Accepted Accounting Prarticel.
The LMA Council are required underthe Charities Act 2011 and the Constitution of the Church in Wales
to prepare financial statements for each year which give a true and fair view of the state of affairs of
the charity and of the incoming resources and application of resources. of the charity for that period.
In preparing the financial statements, the trustees are requlred to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charltles SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any materlal
departures that must be disclosed and explained in the financial Statements.
prepare the financial statements on the going concern basls, unle55 it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
ccuracy at any time the financial position of the charity and to enable them to ensure that the finantial
statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports)
Regulations, and the Church in Wales. constitution. They are also resF)onsible for safeguarding the
assets of the charity and taking reasonable steps for the prevention and detertion of fraud and other
irregularities.
In addition to the Ministry Area Treasurer, each church appoints a Treasurer to keep the necessary
financial records. St. Michael's Church also employs a Finance Co-ordinator to carry out this task.
The trustees are responsible for the maintenance and integrity of the charity and financial information
included on the charity's website in accordance with legislation in the United Kingdom governing the
preparation and dissemination of financial statements.
ClerEY are paid by the Church in Wales and remuneration is set by them. All other officers and trustees
give their time voluntarily without payment. Lay staff rates of pay are set bearing in mind local rates
of pay and Statutory minimums, with a desire to be as generous as our limited finances will allow.
Title
Name
Status
Appointed
or Retired
in 2020
rrtle
Name
ststU5
Appointed
or Retired
in20
Rev
Dr
Mark
Peter
Andrew
Ansell
Bunting
Davies
Cleric
Elected
Eletted
Mr
Mrs
Mrs
Sion
Carmen
Julie
Meredith
Mills
Morgan
Ex officio
Eletted
Elected
Retired 20
Retired 20
Appointed
12020}
Mr
Robert
Davies
Ex officio
Rev
Lin(ty
Morgan
Cleric
Retired 20

Mrs
Dr
Mr
Mr
Mrs
Ruth
Anne
Malcolm
Rolant
Anna
Davies
Dye
Dye
Elected
Co-opted
Elected
Ex Officio
Elected
Karen
Mary
Cei
Liz
Stephen
Ex officio
Ex officio
Cleric
Cleric
Elected
Mrs
Rev
Rev
Mr
Platt
Rees
Rees
Smith
Evans
Retired
120201
Mrs
Ms
Mrs
Prof
Brina
Hannah
Pauline
Andrew
Evans
Green
Heyes
Henlev
Elected
Co-opted
Elected
Elerted
Mrs
Mrs
Mr
Stagg
Troughton
Turner
Welsh
Co-opted
Ex Officio
Elerted
Ex officio
Lorena
Jon
Enid
Retired 20
Appointed
120201
Mrs
Mrs
Sue
Pat
Henley
Hughes
Ex officio
Ex offiao
Mrs
Rev
Mairwen
Robert
Williams
Wilkinson
Ex officio
Cleric
Mrs
Mrs
Ann
Ruth
Jones
Lewi5
Elected
Ex Officio
As part of the Diocese of St Davlds within the Church in Wales. the LMA is represented on various
committees and also benefits from a(￿5$ to funds available from the Diocese for specific ministry
projects. The LMA also benefited lup to the end of August 20201 from the availability of a Deanery
Evangelist to assist with evangelistic ministry. Additionally, the LMA has developed strong links locally,
and works with other church denominations in the area in a number of different minlstry areas.
St. Michael's Car Park Ltd is a company whose shareholders are the wardens of St. Michael's Church
and that donate5 all of its profits to St. Michael's Church.
Admlnlstratlve detalls
The Trustees are the member5 Of the Aberystvryth Ministry Area Councll Changes In the membership
of the Aberystwyth Ministry Area Council are generally made at the annual Parish Easter Vestry
meetingJAGM, held last year on 2r￿ November 2020. Changes made during 2020 are indicated.
Details of other trust-holding assets on behalf of the various churches are given in Notes to the
Accounts No's 18 & 19 below.
Chairperson..
Mrs Sue Henley
Parlsh Wardens:
Mrs Sue Henley & Mrs Mairwen Williams
Parish Treasurer:
Mrs Gill Stagg
Principal Banker:
6WT
The Cooperative Banl P.0. Box 250, Delf House, Southway Skelmersdale WN8
Sollcltor:
Alun Thomas & John. Crynfryn, Eastgate. Aberystwyth. Ceredigion. SY23 2AR
Accountant
& Auditor".
LHP- Chartered Accountants, 81 Bridge Street, Lampeter, SA48 7A8
Plan5 for the Future
The LMA plans to continue the artivrties in which it Is currently engaged and will be reviewing these
regularly in the light of the changing regulations relating to Covid-19, our developing financial concerns
and the needs of church members and our local community.

Our LMA council and church committees will be reviewing the ongoing use of our church buildings and
properties to ensure that we are using our resour￿$ in the most effective way to meet our aims and
responsibilities.
To this end we will, for the foreseeable future, be continuing to provide a mix of online and in-person
worship services and small groups. The Jubilee Storehouse will be continued, and we will look to how
we can restart our provision for those who are homeless or in temporary accommodation through The
Hatch arbd The Well projects.
We intend to be responsive to changing pattern5 of worship and to the changing needs being expressed
locally so that we may continue to brin8 the gospel to the people of Aberystwyth in word and deed.
We will continue to monitor our financial situation carefully and to make decisions related to staffing
and the liquidation of assets as necessary to ensure the future financial stability of our Ministry Area.
Report for 2020 approved by the LMA Councll and slgned on it5 behalf by the chalrperson:
22-10- 2021

Statement of Financial Activities for the year ending 31 December 2020
2020
2020
2020
2020
2019
Note Unrestricted
Restricted
Endowments
Total
Total
Income
Donations & Legacies
Charitable Activities
Money Raising
335,237
6,951
790
107,560
1,073
442,797
8,024
404,178
25,274
673
1,463
69,986
4,055
15,378
541,703
7,962
68,214
4,092
10,552
520,272
Property income
Investment income
47.033
4,055
15,378
409,444
22,953
Other income
Total Income
132.259
Expenditure
Cost of money raising
Mission & Grants
14761
27,903
14761
56,469
4,727
86,688
28.566
io
Support for ministry
Charitable activities
Parish activitSes-
Church services
General parish expenses
Church property..
Maintenance of church
Maintenance of other property
Total expendlture
179,131
9.796
179,131
9,796
294,623
5,390
li
12
12,707
61.033
12,707
61,371
16,939
67,412
338
13
14
54,396
15,082
359,572
1.826
18,313
49,043
56,222
33,395
408,615
40,640
40,466
556,885
Net movernent in funds before galn5
and losses on investments
49.872
83.216
133,088
136,6131
15
Galnslllossesl on investments
3,112
3,112
6,404
Transfers between funds
18,412
118,4121
Net movement in funds
68,284
64.804
3.112
136,200
130,2091
Total fvnds brought forward
419,705
99,827
51,259
570,791
601,000
Total funds carried forward
487.989
164,631
54,371
706,991
570,791

Balance Sheet
as at 31 December 2020
Unrestricted
Funds
Restrltted
Funds
Endowment
Funds
Total
Funds
Prior
Year
Note
Fixed Assets
Tangible fixed assets
Investments
17
18
425.627
425,627
54,371
437,875
51,259
54,371
Current Assets
Stocks
Debtors
Cash at bank and in hand
3,851
13,737
167.048
184,636
3,851
13.737
331,679
349,267
2,816
18,735
186,518
208,069
19
164,631
164,631
Creditors amounts falling due
wSthin one year
20
188,8171
188,8171
188,6591
Net Current assets
95,819
164,631
260,450
119,410
Total Assets less current liabilities
521.446
164.631
54,371
740,448
608,544
Creditors.. amounts falling due after
more than one year
21
133.4571
133,4571
137,7531
487,989
164,631
54,371
706,991
570,791
the funds of the charlty:
Endowment funds
Restricted funds
Unrestricted funds
Designated funds
Property fund
General fund
54.371
54,371
164,631
51,259
99,827
24
25
164,631
64,950
278.541
144,498
64,950
278,541
144,498
487,989
706,991
80,414
278,541
60,750
419,705
570,791
487,989
164,631
54,371
Approved by the Rectorial Benefice Council on 11114 I, and signed on their behalf bv.'_
Revd M Ansell
Local Ministry Area Dean and Trustee

Statement of Cash Flows for the year ending 31 December 2020
Note
2020
2019
Net cash generated byllused in) operating activltles
145,402
136.4051
Cash flows from investing activities
Interest
Purchase of tangible fixed assets
Proceeds from sale of investments
Net cash generated byllu5ed In) Investing activities
4,055
4,092
4,055
4.092
Cash flow from financing activities
Repayment of borrowing
Cash used In financin8 actlvltles
14,2961
14,2961
14,2961
14,2961
Increaselldecreasel in cash and cash equivalents
in the year
145,161
136,6091
Cash and cash equivalents at the beginning of the year
186,518
223,127
Cash and tash equlvalents at the end of the year
331,679
186,518

Notes to the Accounts
for the year ended 31 December 2020
Accounting Policies
Ba51s of preparation of accounts
The accounts are prepared in accordan￿ with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK IFRS 1021
(Charities SORP IFRS 10211, and the Church in Wales Accounting Regulations.
The parish constitutes a public benefit entity as defined by FRS 102.
In¢ome
All income is recognised once the parish has entitlement to the income, it is probable that
the income will be received and the amount of incorne receivable can be measured
reliablv.
Income from the government and other grants, whether capital grants or revenue grants,
Is recognised when the charity has entitlement to the fund5, any performance conditions
attached to the grants have been met, it is probable that the income will be received and
the amount can be measured reliably and is not deferred. Rental income received in advance
of the period to which it relates is credited to other creditors. Income tax rebates under the
gift aid scheme are included in the accounts of the period when the underlying income was
received. Legacy gifts are recognised on a case by case basis following the granting of
probate when the administrator for the estate has communicated the amount and
settlement date. In the event that the gift is in the form of an asset other than cash,
recognltion is subject to the value of the gift being reliably measurable with a degree of
accuracy. Gifts in kind received for the food bank are not included in the accounts as it is
impractical to estimate their value.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obllgation committing the charity to that expenditure.
All expenditure is accounted for on an accruals basis.
Giving to individuals and other organi5ations are payments made to third parties in the
furtherance of the charitable objects of the parish.

Note5 to the Accounts
for the year ended 31 De￿rnber 2020 continued
Accounting Politles contlnued
Tangible fixed assets and depreciation
TanBible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the tost of fixed assets, less their estimated residual value. by
equal annual instalments over their expected useful lives as follows-
Fixtures, Fittings and Equipment
4 to 20 years
Land
NIL
Buildings
50 years
Item5 are capitalised if they exceed E500 at cost.
Expenditure on improvements to the church building are charged to outgoing resources.
Investment properties are included in the balance sheet at their current market value. No
depreciation has been provided.
Some of the residential buildings are held for both operational use and as investment
property. In the opinion of the trustees, the fair value of the investment property
component cannot be measured rellably without undue cost or effort, and therefore these
properties are included within tangible fixed assets.
Investments
Investments are a form of basic financial instrument and are stated at their fair value as at
the balance sheet date. Realised arbd unrealised gains and losses are included in the
Statement of Financial Activities. Investment income from funds held in trust for the
parish by the Representative Body of the Church In Wales and the Diocesan Bgard of
Finance is credited to income when received.
St¢xks
Stocks of goods for resale are valued at the lower of cost and net realisable value.
Fund attountlng
Unrestricted funds are available to spent on activities that further any of the purposes of
the church. Designated funds are unrestricted funds which the church committee decide5
at their discretion to set aside for a specific purpose. Restricted funds are donations which
the donor has specified are to be solely used for a specific purpose, or which have been
raised through an appeal by the church for a specific purpose or cause.
Designated funds for church activities
Certain church activities such as youth groups manage their own funds and carry forward
surpluses at the year end towards their own activities. Income generated by these activities
15 credited to the designated fund and released as expenditure is incurred, unle55 already
to a restricted fund as described in note 1.3.
Rertor's and vicar's dlscretlonary fvnd
Gifts received for use at the rector's discretion are paid into a separate bank account.
Transactions on the separate discretionary bank account are not included in these accounts.

Statement of Financial Activities- prevlous year
Note Unrestrirted
Restricted
Endowments
Total
Income
Donations & Legacies
Charitable Activities
Money Raising
Property income
Investment income
Other income
Total Income
359.666
22,706
7,962
46,9C(I
4,092
10.552
451.878
44.512
2.568
404,178
25,274
7,962
68,214
4,092
10,552
520,272
21.314
68,394
Expendlture
Cost of money raising
Mission & Grants
Support for ministry
Charitable activities
Parish activities:
Church services
General parish expenses
Church property..
Maintenance of church
Maintenance of other property
Total expendlture
4,727
41.129
294.623
5,390
4,727
86,688
294,623
5,390
45,559
io
li
12
16,646
66,567
293
16,939
67,412
13
37,656
15,411
482,149
2,984
25,055
74.736
40,640
40,466
556,885
14
Net movement in funds before 8aSns
and losses on investments
130,2711
16.3421
136,6131
Galns/llosses} on in¥e5tments
15
6,404
6,404
Transfers between tunds
6,620
16.620)
Net movement in funds
123,6511
112.9621
6,404
130,2091
Total funds brought forward
443,356
112,789
44,85S
601,000
Total funds carrled forward
419.705
99,827
51.259
57Q,791

Donations and legacies
2010
2019
Regular Collections
Donations from St Michael's Car Park Ltd
Legacies
Special collections and donations
Gift Aid refund
Grants
259.320
20.2(KJ
50,000
14,535
48,391
50,351
442,797
243.888
56.5(M)
1.329
27,834
56,387
18,240
404,178
Grants received In the current year included:
£4,390 for the Food Poverty project by St Anne's Church;
£20,175 for the Well Project managed by St Michael's Church;
£17,739 which relates to the covid Furlough and Rates grants;
E3,924 for building work at St Michael's Church,.
E3,320 for The Hatch project by St Michael's Church;
All the activities in the parish rely on the Involvement of the church members, in accordance
with FRS 102 and the Charities SORP IFRS 1021. the economic contribution of volunteers Is
not recognised in the accounts.

Notes to the Accounts
for the year ended 31 December 2020 continued
Income from charitable actlvities
2020
2019
Service fees
Church functions
Other
Total mission
865
5,138
2,886
8,024
17,421
6,988
25,274
Income from money ralslng
Bookshop
Hall Hire
Other
Total support for ministry
1,463
3,932
3,203
827
7,962
1,463
Property income
Car park lease
Other property rent
5,200
64,786
69.986
6,C(JO
62,214
68,214
Other income
Miscellaneous
15,378
15.378
10,552
10,552
Cost of money ralslnz
Bookshop
Other
14761
4,727
14761
4,727

Notes to the Accounts
for the year ended 31 December 2020 continued
Mlsslon and Grants
202Q
2019
In the parish
Outside the parish
32,803
23.666
56.469
59,114
27,574
86,688
Misslon costs above include giving in 5UPPQrt of individuals. missionaries, mission agencies,
and relief and development agencies.
Many charities were supported. such as Tear Fund, Mochipapa School. Nazareth Trust,
Childrens Nest Zambia, Plant Dewi, Compassion UK, and Bewicks for projects & people-
Zambia, European Christian Mission and OMF International.
io
Support for mlnSstry
Diocesan mlnistry share
Staff costs
Parochial expenses of clerbry
130,960
47,158
1,013
247,680
43.741
3,202
179,131
294,623
li
Church servlces
Communion requisites
Service books and materia15
Staff costs
Organists
Music and instruments
Refreshments
Wisiting speakers
other
Total maintenance of church
112
148
534
300
9,765
1.074
2,387
1,732
3(K)
10,341
210
862
386
250
398
847
16,939
12,707

Notes to the Accounts
for the year ended 31 December 2020 continued
12
General parish expenses
2020
2019
Minibus expenses
Staff costs
1,249
32,283
3,291
3,279
4,572
207
828
2,702
31,689
4,910
3,300
6,814
1,164
Postage. stationery, etc
Telephone
Equipment renewals and maintenance
Church functions
Deficit- Sale of motor vehicle
Testimonials and gift5
Independent Examination
Mi5ce113neous
Depreciation of asset5
428
7,570
1.329
6,763
61,371
6,624
567
9,214
67,412
13
Maintenance of churches
6,810
9,087
Major repairs and improvements:
St Michael's roof
Other
Other repairs and malntenance
27,698
1,561
20,153
56,222
5,774
4,220
21,559
40,640
14
Malntenance of other property
2,858
3.846
858
33.488
835
1,439
40,466
Caretaker
Repairs, renewals & Maintenance
Mortgage interest
Churchyard maintenance
27,503
835
1,357
33,393
15
Gainslllosses) on Investments
Realised gains/losse5 on sale of investments
Unrealised gains/llosses} on revaluation
3,112
3,112
6,404
6,404

Notes to the Accounts
for the year ended 31 D￿rnber 2020 continued
16
Staff costs
2020
2019
Staff costs paid by the parish
Wages & Salaries
National insurance costs
93.068
3,318
96,386
No employees received employee benefits of more than £60,CKJO12019..
£60,000)
81,123
1,835
81,958
The average monthly numberof employees was 7
12019: 61
17
Tangible fixed assets
Investment
Propertv
Property Equlpment
Total
Cost/Market value
Balance as at l January 2020
Additions
Disposals
Balante at 31 December 2020: Market
value
150,LKIO
274,797
174,928
599,725
19,7501
19,7501
150.CD)
150,000
439,975
Cost
274,797
165,178
Depreciation
Balance as at l January 2020
Charge for year
On disposals
Balance at 310ecember 2020
Net book value
As at 31 December 2020
28,354
2,344
133,496
4,420
14,2661
133,650
161,850
6,764
14,2661
164,348
30,698
1S0,C#
244,099
31,528
425,627
As at 31 December 2019
150,Crf)O
246.443
41,432
437,875
The investment property has been valued by the trustees by reference to other property
sales in Aberystwyth. No professional valuation has been obtained.
The properties are held by trustees as follows:
5 Queen Street.. St Michael's and All Angels Property Trust
18 New Street.. The Diocesan Board of Finance
Plas yr Afon flat: executors to the estate of Revd Walters

Notes to the Accounts
for the year ended 310ecernber 2020 contlnued
17
Tangible Flxed Assets continued
The property at 5 Queen Street, of net book value £166,53812019: £168,882), is mortgaged
as security for the bank loan of £33.75312019: E38,0491 included in creditors.
Further tangible fixed assets used by the church but not included in the accounts=
The Church building of St Michael's. Holy Trinity, St Anne's, St Mary's. and St Llwchaiarn, their
contents and the Churchyards are vested in the Representative Body of the Church in Wales
and do not form part of the assets of the Parish. The Parish Hall at Castle Rooms is owned by
Ysgoldy Aberystwh trust and does not form part of the assets of the Parish.
St Anne's Church Hall and Ysgoldy Figure Four, Llanfarian are held in trust for the Parish by
the Representative Body of the Church in Wales
The following are held in trust for the Parish by the Diocesan Board of Finance..
Buarth Church Hall
Holy Trinity Church Cottages
18
Fixed assets." Investments
Balance
0110112020
Disposals Revaluatlon
2020
2020
Balance
3111212020
Investments held by the Church in Wales:
Bequests in the common investment fund
51,259
3,112
54,371
19
Debtors
2020
13,737
13,737
2019
18,735
18,735
Prepayments and accrued income
20
Credltors: Amounts falling due wlthln one year
2020
69,296
2.297
6,027
11,197
88,817
2019
Loans and overdrafts
Trade creditors
Other creditors
Accrua15 and deferred income
69,296
1,950
4,038
13,375
88,659
Included in loans and overdrafts above is £4,296 {2019= £4,2961 of a bank mortgage secured
on 5 Queen Street.
Other unsecured loans of E65,OCK)12019: £65,(KJOI included in loans and overdrafts are
repayable 6 months after demand. No interest is payable on these loans. However. on
repayment of any of these loans, the loan is linked to the Land Registry Index for Ceredigion.

Notes to the Accounts
for the year ended 31 December 2020 contlnued
21
Credltors: Amounts falling due after more than one year
Bank loan
Other loans
29.457
4,000
33,457
33.753
4,000
37,753
The bank loan is a mortgage loan secured on the property 5 Queen Street, repayable by
monthly instalments.
Bank interest paid on the bank loan during the year was £83512019- £8351.
22
Operatlng leases- as le550r
At 31 Decernber 2020 the total future minimum lease payments for property leases were..
2020
2019
20,997
20,997
83,988
83,988
90.987
111.984
195,972
216.969
Not later than one year
later than one year and not later than 5 years
later than 5 years
23
Capltal comrnltments
The church had not entered into any contratts for building works. other than repairs.

Note5 to the Accounts
lor the year ended 31 De¢ember 2020 continued
24
Re5trirted funds
Balance
Incoming Outgoing Transfers
2020
2020
2020
Balance
0110112020
3111212020
St Michael's
Holy Trinity
St Anne's
St Mary'5
St Llanwchaiarn
56,996
7,638
19,024
1.217
14.952
73.982 126,4701 114,3971
90,111
7,638
50,303
1,083
15,496
56,826 121.5321
17
11511
1.434
18901
14.0151
99,827 132,259 149,0431 118,4121
164,631
Restricted funds for each church comprise of-
l. Grants and giving funds raised for specific purposes within the parish or on behalf of
others.
Bequests and funds in memory donated for specific purposes or to be spent at the
direction of bereaved families.
3. Fabric fLsnds which are for the maintenance and improvement of the church building5
and halls.
4. Activities fund5 which support the artivities of the churches within the parish.

Notes to the Accounts
for the year ended 31 December 2020 tontinued
25
Unrestrirted funds
Balance
Incomln8 Out8olng Transfers
2020
2020
2020
Balance
OIIOIJ2020
3111212020
Designated funds
St Michael's
Holy Trinitv
St Anne's
74,746
2,572
3,096
80,414
278,$41
60.750 405.706 1339,4431
419.705
409,444
1359,5721
3.738
119,2691
59.215
2,572
3,163
64,950
278,541
144.498
487,989
18601
120,1291
927
3.738
927
St Michael's property fund
General Funds
17.485
18,412
The St Michael's property fund is the value of unrestricted funds represented by property, less the
loan5 L15ed to fund their acquisition.

Notes to the Accounts
for the year ended 31 December 2020 contlnued
26
Related party transactlons and trustee's expenses and remuneration
The clergy members of the PCC are employed by the Diocese of St David's and live in
property provided by the diocese. They receive no remuneration or other benefits of
employment from the parish.
No other members of the PCC received any remuneration or other benefits of employment
from the parish, neither were they reimbursed expenses during the year.
St Michael's Car Park Limited is a company owned by the church wardens of St Michael's
Church. During the year St Michael's Church received donations of £20,20012019: £56,500),
rental income of £5,2(KJ I2019- £6,IXh)l. and charges of £6.12012019.. £6.1201 from St
Michael's Car Park Limited.
All the trustees are also rnembers of the church, who give to the churches as part of the
congregation. Identifying the total financial giving of the trustees as a group would be an
onerous task and therefore has not been done.
Z7
Re(onclllatSon of net movement In funds
2020
136,200
2.498
9.750
14,0551
{3,1121
(1,0351
11,9741
7,130
145.402
2019
130,2091
9,214
Net movement in funds
Add back depreciation
Add back disposal of asset
Deduct Interest income
Deduct 8ains/ add back losses on investments
Decreasellincreasel in stock
Decreasellincrea5el in debtors
Increaselldecreasel in creditors
14,0921
16,4041
2,039
715
17,6681
136,4051

Independent exuminerfs report to the Trustees of the Porish of Aberystwyth Parochiol
Church Council
I report to the trustees on my examination of the accounts of the Trustees ofthe Parish of
Aberystwyth Parochial Church Council for the year ended 31 December 2020, which are set
out on the previous pages.
Respective responsibility of trustees ond examiner
The charity's trustees consider that an audit is not required for this year under section 144
of the Act and that an independent examination is needed. The Charitvs gross income
exceeded £250,000 and l am qualified to undertake the examination by being a qualified
member of The Association of Chartered Certified Accountants.
It is my responsibility to:
Examine the accounts under sertion 145 of the Charities Act.
To follow applicable Directions given by the Charity Commission (under section
14515llbl of the Act, and
To state whether particular matters have come to my attention
8osis of independent examinerfs statement
My examination was carried out in accordance with 8eneral Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the
Charity Commission. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and seeking explanations
from the trustees concerning such matters. The procedures undertaken do not provide all
the evidence that would be required in an audit, and consequently no opinion is given as to
whether the accounts present a 'true and fairf view and the report is limited to those
matters set out in the statement below.
Independent examinerf5 5totement
In connection with my examination, no material matters have come to my attention which
gives me cause to believe that, in any material respect=
the accounting records were not kept in accordance with section 130 of the Charities
Act,. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fairf view which
is not a matter considered as part of an independent examination.

Independent examinerfs report to the Trustees olthe Parish of Aberystwyth Parochial
Church CounciTI (Continued)
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
nderstandin8 of the accounts to be reached.
Signed:
Name: Mrs J Collins
The Association of Chartered Certified
Accountants
81 Bridge Street
Lampeter
Ceredigion
SA48 7AB
Dale..