Parish of Aberystwyth Parochial Church Council
(The Local Ministry Area of Aberystwyth)
Annual Accounts
for the year ended 31 December 2023
egistered Charity No. 1134858

Chairfs Comments
The Parish or Local Ministry Area ILMAI of Abery5twyth has enjoyed a year of relattve 5tsbility following
on from the disruption to activity caused bythe COVID restriction5. Our churche5 have developed their
own distinrtive characteristics. and each congregation has grown in confidence with the new LMA
structure. There continue to be increasing signs of cooperation and understanding between the
congregations. It has also been a joyto see a steady growth in most of our congregations and a number
of adult baptism5 taking place.
Alongside the Sunday and midweek seThices, OUt￿aCh events, and small study groups, held in each
church there has been a great deal of additional activity serving our local communities through the
provision of wami spaces. meals for those struggling with the rising cost of living, a food bank, a baby
bank, yOLrth and children's work. and joint working with schools, the university and local charities. This
has meantthat a growing number of our members are giving of their time and finances in an extremely
generous way. Without this support we would not be able to participate in many of these activities.
As an LMA our resources continue to be stretched and we are aware of work needing to be done to
maintain our church buildings over the coming years. We are delighted that in cooperation with
Abery5twyth university work has stsrted to improve the car park and area surrounding St Michael's
church. We have also been succe55ful in applyin8 for an inttial grant for The Well which will enable it
to continue and to develop further plans in cooperdtion wtth Santes Fair. Financially we are still
needing to draw on reseryes but it is hoped that as we look forward this will enable us to do the
necessary repair work and to adapt our buildings for more flexible use.
As churches we are inueasingly aware of our need to ore for the environment ond are working to
develop policies in line wfch this commitsnent.
The LMA has a committed team of stsff both clergy and lay, who work hard to ensure the smooth
running of our churches and additional activities. Their loving care and pastoral support are greatly
appreciated and much of their work is done out of the spotlight. In addition to our staff team, we
would not be able to funrtion without the many committed volunteers who Serve on committees,
oversee the buildings and finances and serve in our compassion ministries. We are very grateful for all
of these people and their selfless service.
Tru5tees' Report
objeclives and Actlvities
The Local Ministry Area is part of the Di0Trse of St Dawds and exists to further the Chri5ti3n gospel by
providing regular opportunities for people to come together for worship, teaching and fellowship and
to demonstrate the love of God by invotvement in the provision of servi￿5 withir) our local
communities. This is achieved through the provision of regular thurch services reflecting different
thurch tradition5 and small study groups and by working togetherto offer parent and toddler groups.
youth groups. children and family focussed activities, meals and friendship and a food bank and babv
bundle service for those who are Social￿ isolated through poverty. homelessness, addiction. disability
or old age.
The parish or Local Ministry Area ILMAI consists of fNe churches Uanwchairn, St Anne's, Holy Trinity.
Sante5 Fair and St Michael's. Our ministry team consisting of Revd. Canon Mark Ansell Iministry Area
Dean). Revd. Dr Liz Rees, Revd. Cei Rees. Revd. Becky Evans Iwicarsl. Revd. Dr Robert Wilkinson {r￿n
stipendiary Vicar}, and Revd Canon Michael Rees Iretiredl, and Worship Leaders Mel Burgess and Tessa
riggs, have worked well together as a team to ensure the provision of our regular servi￿$ and day to
day oversight of our activities. We are Brateful to Dr Anne Dye (Lay Reader). Dr Elaine Jensen INSM
Curatel and Revd. David Whitehouse Iretiredl who stood down from se￿ing in our LMA during 2023.
Alongside these clergy roles we have a lay staff team corbsistirkg of a children Youth arnd Families Pa51ar,
Worship Pastor, two Pastoral Assistants. a Financial Coordinator and an offi￿ Administrator.

Each church has its own Style and a regular pattern of worship services. Alongside these activitles,
weddings, funerals, and baptisms, are conducted as requested.
Salm 127
Os nad yw'r ARGLWYDD yn adeiladu'r ty, y mae ei adeiladwyr yn gweÈthio'n ofer. Os nad yw'r
ARGLWYDD yn gwylio'r ddinas. y mae'r gwylwyr yn effro'n ofer.
Unless the Lord builds the house. the builders labour in vain. Unless the Lor(I watches over the
city, the guards stand watth in vain.
As we reflect upon the past year in our ministry area and think aboLt¢ all of the events. celebration5
and memorable moments.we remind ourse￿e$that itisGod who is building His kingdom, andwe look
to Him for guidance and provision.
As congregations we fa￿ many challenges. uncertainty and dtfficulties, but we look to God for Hi5
direction and we find our security in Him.
Achievement5 and Performance
As we enjoy the new growth that spring brings. we give thanks for signs of God at work amongst us
and new people and new ministries in our churches. Thank you for partnering with us and serving God
in our church here in Aberystwyth. As cler8y we would like to thank you for your sUPPOrt.
encouragement and sacrificial work over the past year.
We have been blessed to be part of the Welsh GovernmenV5 Apprenticeship programme this year and
have benefited from havingtwo yOUDg people workingamongst usand exploringtheirfuture vocations
a5 part of this 5cherne.
IVS been good to continue to develop partnerships wtth other congregation5 in the town, even if this
year we have held fewer united services. The ministers of the different denominations meet together
regular to share and pray.
We have continued to work with local organisations such as Menter. the town cour)cil and the
university. Ft is a privilege to have a good number of students wor5hippinB in our churches across the
ministrry area.
It has been a busy year with so many activities regularly taking place and we have seen growing
numbers at Mature Munch, our Parents & Toddlers groups. and the youth group which meet5 at st
Michael's.
It was a delight to hold united services throughout knly week. as we welcomed Archdeacon Mones
Farah back to Aberystwyth.
The community work of the Well. and the Well on Sunday. continues. with partnerships With the
Wallich and Ceredigion Council. It was lovely to have this work recogni5ed by the Lottery Funding. who
have contributed Significantly to the running costs of the Well for the next couple of years. Thank you
to those who oversee this important work. We are still commwtted to outreach with the Jubilee
Storehouse in Penparcau, and the family activities at StAnne's. Progress is being made with developing
a permanent home for the Well in St. Mair. We have also worked with the Mothers, Union and Plant
Dewi to grow the baby bundle provision. The provision of warm spaces. food bank and meals to those
who are struggling finarbcially arbd emotional￿ has seen everb greater demand a5 increases in the cost
of living continue to have an impart in our local communities. In addition, we are working more closely
with local charltles tackling homelessness, food poverty, domestic abuse and tem)inal illness.
Some highlights from the year have included the Christmas stsble Trail for familie5 in St Michael's,
wsits from the Archbishop and Diocesan Bishop. the British Legion ReMernbran￿ Day setvice at Holy

Trinity, the visit of Cass Meurig to St Mair. and memorable carol seNices with full churches. Our
churches have also hosted 8 number of con￿rts in partnership wtth local organisations.
During 2023 there has been an increasing level of participation in all of our attivities. W15its to Schools
have been reestablished with our stsff and volunteers contributing to assemblie5 and also sUPPOrting
the work within the Schools. We have also responded to a request from Abery5twyth University to
work more dosely wtth the student support seNices by providing a chaplaincy seNice. This is in
addition to the pastoral support offered to students attending our churches.
There is increasing awareness within the LMA to the need to care for our envrronrnent as part of our
Christian stewardship and we are committed to considering the iwnpact of our decision making on the
world irb which we live. One of our churches has achieved a silver eco award and two have received
bronze awards.
financial RevSew foryear ending December 2023
2023 has Cortinued to see an increase in church attendance although we have not seen a consequent
increase in giwng to the church. Artivities have a150 increased, with a resulting increase in
expenditure.
The total income fur 2023 across the churches was in the regK)n of £598,306, £132.215 of which
resulted from Sale of property by St Michael's. Expendtture has increased to around £646,386.
The LMA continue5 to face significant financial challenge5 due to reduced attendance from pre-covid
levels, and increasing costs due to inflation. The decision to Sell properties has resulted in a lesser
burden on church staff. enabling them to concentrate on the main purposes of the LMA. The LMA
cor)tinues to apply for grants where available. and to look for economy measures.
Donations from St Michael's Car Park Limited have increased again this year, despite the car park being
partially closed during improvement work. The agreement with Aberystwyth Universty for their
leasing of part of the car park will result in a more stable income for the company in the fLrture, with
a subsequent effect on donations to the LMA.
Nevertheless the current downward trend in voluntary donations and increasing costs represents a
significant challenge to be overcome in the coming years if we are to maintain our current activity
levels.
Structure, Govemance and Management
The Local Ministry'Area of Aberystwyth Parochial Church Council is constituted under the constitution
of The Church in Wales and abide5 by their regulations.
The structure of the Counol is that each of the five churches elects its own Church Committee on an
annual basis at their individual Easter Vestries. The elettion of each member is norrnal￿ for a period
of three years. Some of those members are then appointed to represent their church on the LMA
Council. Our Witars, Curate, MinistryArea Wardens and Church Wardens are ex-officio members of the
LMA Council. The appointed secretary and treaSU￿r, as well as 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 ft)r their experience. talents and
contribution to the life of their respective churches. Trustees are direrted to the Charity Commission
booklet The Essential Trustee What you need to knosrf for details of their responsibilities, as well as
,being invited to attend a training evening. The trustees. sitting a5 the Ministry Area Council, hold a
meeting at least quarterly, to receNe 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 each of the churches.
Any proposals, which require the sanrtion of the Ministry Area Council are put to the meeting and are
passed only if there is unanimtty.

Decision-making authority rests with the Clergy, the LMA Counal, the LMA Wardens and LMA
Treasurer, although authority for many local church matters is delegated to the team vicars, church
comminees. sub-wardens and church treasurers. The level of devofvement Is specified in the Standing
Orders for the Ministry Area. Lay staff and voluntary leaders have authorrty within their own areas of
ministry for routine activitie5. as well as management of delegated budgets.
It is the responsibility of the aergy 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 missKJn of the Church, pastoral.
evangelistic. wcial and ecumenical in the LMA.
The trustees are responsible for preparing a tru5tee5' annual report 3nd financial statements in
accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generaliy
Accepted Accounting Prattice).
The LMACouncil are required under the Chartties Act 2011 and the Constttution of the Church in Wales
to prepare financial statemetits for each year which give a true and fair view of the state of affairs of
the charity and of the irbcoming resources and application of resources. of the charity for that period.
In preparing the finanual statements. the trustees are required to-
select suitable accounting policie5 and then apply them consistently.
observe the methods and principles in the applicable Charitie5 SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standard5 have been followed, subject to any material
departures that must be disclosed and explained in the financial statements.
prepare the financial statements on the gorng concern basis, unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting record5 that disclose wtth reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements comply wfch the Charitie5 Art 2011, the applicable Charities (Accounts and Reports)
Regulation5, and the Church in Wales. constttution. They are also responsible for safeguarding the
assets.of the charity and taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In addition to the Ministry Area Treasurer, each church appoints a Treasurer to keep the necessary
fir)ancial records. St. Michael's Church also employs a Finan￿ Co-ordirbator to carry out this task.
The trustees are responsible for the maintenance and integrity of the charty and financial infomiation
included on the charitys 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 bythem. All other officers and trustees
give their time voluntarily without payment. Lay staff rates of pay a￿ set bearing in mind local rates
of pay and statutory minimums, with a desire to be as generous as our limtted finances will allow.
As part of the Diocese of St DaMd5 Wtthin the Church in Wales, the LMA is represented on various
committees and also benefits from access to funds available from the Diocese for specific ministry
projetts. Additionally, the LMA has developed strong links locally, and works with other church
denominations in the area in a number of different ministry areas.
St. Michael's Car Park Ltd is a company whose shareholders are the wardens of St. Michael's Church
and that donates all of its profits to St. Michael's Church.

Administrative detsils
The Trustees are the members of the Aberystvryth Ministry Area Council. Change5 in the membership
of the Aberystwyth Ministry Area Council are generalty made at the annual LMA Easter Vestry
meeting/AGM, held last year ori 25 April 2023. Changes made during 2023 are indicated.
Title
Name
Status
Appointed
or Retired
in 2023
ritle
Name
Status
Appointed
or Retlred
in 2023
Retired
Rev
Dr
Mark
Peter
Ansell
Bunting
Clissold
Davies
Davies
Davies
cleric
Ex-officio
Co-opted
Ex-officio
Ex-offic
Ex officio
Co-opted
Elected
Ex Officio
Cleric
Elected
Ex officio
Ex-officio
Ex officio
Mr
Mrs
Mrs
Sion
Avril
Diane
Shedrack
Dr
Karen
Mrs
Mary
Mrs
Sal
Rev
Cei
Rev Dr l Liz
.. Mrs
Mandy
Andrew
Lorena
Enid
Robert
Meredith
Morri5
Morris
Mungati
Phillips
Platt
Price
Rees
Rees
Rowe
Starr
Troughton
Welsh
Wilkinson
Ex officio
Elected
Elected
Elerted
Ex officio
Ex officio
Elected
Cleric
Cleric
Elected
Ex officio
Ex Officio
Ex officio
Cleric
Appointed
Mr
Miss
Mr
Andrew
Hannah
Robert
Anne
Malcolm
Rolant
Becky
Andrew
Sue
Ann
Elaine
Retired
Dr
Dye
Retired
Appointed
Mr
Mr
Rev
Prof
Mrs
Mrs
Rev
Dr
Evans
Henley
Henley
Jone5
Jensen
Appointed
Mrs
Mrs
Rev Dr
Retired
David
Jamie
McBride
Medhurst
Ex offiio
Elected
Prof
Mr
Mike
Tudor
Woods
Wynn-
Williams
Elected
Ex-officio
Appointed
Prof
Details of other trust-holding assets on behalf of the various churches are given in Notes to the
Acco¥Jnts No's 18 & 19 below.
Chairperson-
Mrs Sue Henley
Parish Wardens=
Dr Jamie Medhurst & Mrs Lorena Troughton
Parish Trea5urer'.
Mrs Gill Clissold
Principal Banker:
The Cooperative Bank. P.0. Box 250. Delf House. Southway Skelmersdale
WN8 6wr
Solicitor:
Alun Thomas & John. Crynfryn. Eastgate. Aberystvmh, Ceredigion.
SY23 2AR
Accountant:
LHP Chartered Certified Accountsnts. Ty Harford. knar Harford. Llambed
SA48 7HD

Plans for the Future
Looking ahead the LMA council will continue to monitor our finances carefully while seeking to
maintain or increase our current levels of activity- We have agreed budgets for the coming year and
are planning to use income from the liquidation of assets to fund not only remedial building work but
also improvements to our remaining buildings to make them more fIexible spaces for our future needs.
We will continue to tryto maximise income and to apply for grantswhere possible to support the work
that we are doing.
Report for 2023 approved by the LMA C(wncil arrfl signed on its behalf by thairperson:

Statement of Financial Activitie5 for the year ending 31 Decernber 2023
2023
2023
2023
2023
2022
Note Unrestricted
Restricted
Endowments
Total
Total
Income
Donations & Legacies
Charitsble Activtties
Money Raising
292,492
25.568
74.511
2.423
367,003
27.991
553,135
25,993
1.954
41.134
3,133
132,406
496,6YJ
75
23,863
747
2.029
64,997
3,880
132,406
598,306
1,584
65.830
814
5,861
653,217
Property income
Irbvestment income
Other income
Total Income
101,619
Expenditure
Cost of money raising
Mission & Grants
2.172
49.615
52
17.110
2,224
66,725
1,443
39.136
io
Support for ministry
Charitable activities
Parish artivities-
Church seNices
General parish expenses
Chufch property..
Maintenance of church
Maintenance of other property
Total expenditure
265.188
16.905
265.188
16.905
259,141
11.845
li
21.646
78.703
21,746
78.935
19.697
59,410
12
232
13
14
74,841
21,819
530.892
28
97.975
115.497
74,869
119,794
646,386
50,580
77,016
518,268
Net movement in funds before gains
and losses on investments
134,202}
{13.8781
148,0801
134,949
Gains1{105se51 on investments
3.Cl)2
3,002
16,3091
Transfers between funds
13.638
113.6381
Net movement in fvnds
120.5641.
1275161
3,IX12
145.0781
128,640
Total funds broughl forward
662,071
147,481
53,809
863,361
734,721
Total funds carried forward
641,507
119.965
56,811
818,283
863,361

Balance Sheet
. as at 31 December 2023
Unrestrirted Reslrirted Endowment
Funds
Funds
Total
Prior
Funds
Year
Note
Fixed Assets
Tangible fixed assets
Investments
341.288
341,288
56,811
426.569
53.809
18
56.811
Current Asset5
Stock5
Debtors
Cash at bank and in hand
3.832
35.556
388,155
427,543
3,832
35,556
508,120
547,508
3,592
29,586
502.404
535,582
19
119,965
119,965
Liabilities
Creditors - amounts falling due
within one year
20
{111.077)
1111.077)
1132,5561
Net Current assets
316,466
119,965
436,431
403,026
Total Assets less current liabilities
657.7S4
119.965
56.811
834,530
883,404
credito￿.. amounts falling due after
more than one year
21
116.247}
116.2471
120,0431
641,507
119.965
56,811
818,283
863,361
the funds of the charity-
Endowment funds
Restricted funds
Unrestricted fund5
Designated funds
Property fund
Ge￿ra1 fund
56.811
56,811
119.965
53,809
147,481
24
25
119.965
109.837
410.757
120,913
109.837
410.757
120.913
641,507
818.283
4,841
278,541
378,689
662,071
863,361
641.507
119,965
56.811
Approved by the Local Ministry Area Council on lolq lth and signed on their behalf by:"
Revd Canon M Ansell
Local Ministry Area Dean and Trt￿ee

ststement of Cash Howstor the year endi￿ 31 December 2023
Note
2023
2022
Net cash generated byl(used In) operatlng artlvltles
1204,144)
176.781
Cash flows from investing activities
Ir)terest
Purchase of tsngible fixed assets
Proceeds from sale of investments
Net cash generated by/(used in) investlng acltvtt5es
814
9,5671
209.776
213,656
{8,7531
CA5h flow frorn financing activities
Repayment of borrowing
Cash used in financing acti¥ities
13,796)
(3,796)
14,4451
(4,4451
Increase/ldecreasel in cash and cash equivalents
in the year
5,716
163.583
Cash and cash equivalents at the beginning of the year
502.404
338,821
Cash and cash equivalents at the end of the year
508,120
502,41J4
io

Notes tothe Accounts
for ihe year ended 31 December 2023
Accounting Policies
Basis of preparatlon of accounts
The accounts are prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Prattl￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK IFRS 1021-
(Charities SORP IFRS 1021), 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 income re￿1¥able can be measured
reliably.
Income from the government and other grants, whether capital grants or revenue grants.
is recognised when the charity has entidement to the funds. any performance conditions
attached to the grants bave been met, it is probable that the income will be received and
the amount can be measured reliably and is not defe￿ed. Rental income re￿iVed in advance
of the period to which tt relates is credtied 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 estste has communicated the amount and
settlement date. In the event that the gift 15 in the form of an asset other than cash,
recognition is subject to the value of the gift being reliably rnea5urable with a degree of
accuracy. Glfts in kind re￿iVed for the food bank are not included in the accounts as it is
imprartical to estimate their value.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure.
All expenditure is accounted for on an accruals basis.
Giving to individuals and other organisations are paytnents made to third parties in the
furtherance of the charitsble objects of the parish.
li

Notes to the Accounts
for the year ended 31 December 2023 coTrtinued
Attountlng Polkles continued
.IA
TangTble fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreaation is provided at rate5
calculated to write off the cost of fixed assets, le5S their estimated residual value, by
equal annual instalments over their expected useful INes as follows..
Fixtures. Fittings and Equipment
4t0 20 years
Land
NIL
Buildings
50 years
Items are capitalised rf they exceed £51XJ at cost
Expendtture on improvements to the church building are charged to outgoing resources.
Investment properties are included in the balance sheet at their currer¢t market value. No
depreciation h3s 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 reliably without undue cost or effort, and therefore these
properties are included wtthin tahgible fixed assets.
Inve5trnents
Investments are a fomi of basic financial instrument and are stated at their fair value as at
the balance sheet date. Realised and unrealised gains and losses are included in the
Statement of Financial Artivities. Investment income from funds held in trust for the
parish by the Representative Body of the Church in Wales and the Diocesan Board of
Finance is credited to income when received.
Stocks
Stocks of goods for resale are valued at the lower of cost and net realisable value.
Fund accounting
Unrestricted funds are available to spent on activtties that further any of the purposes of
the church. Designated funds are unrestrirted funds which the church committee decide5
at their discretion to set aside for a specific purpose. Restricted fund5 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 fvnds for church acttvtties
Certain church activities such as youth groups manage their own funds and carry forward
surpluses at the year end towards their own artivities. Income generated by these artivities
Is credtted to the designated fund and released as expenditure is incurred. unless already
to a restricted fund as described in note 1.3.
Rector's and vicar's dlscretionaryfund
Gifts received for use at the rectorfs discretion are paid into a separate bank account.
Transactions on the separate discretionary bank account are not included in these accounts.
12

Statement of Financial Activities- Previ￿ year
Note Unrestrirted
Restrirted
Endowinents
Total
Income
Donations & Legacies
Charitable Activities
Money Raising
Property income
Investment income
Other income
484,563
24,602
1.584
41.967
813
901
68,572
1.391
553.135
25,993
1,584
65.830
814
5,861
653,217
23.863
Total Income
554,430
98.787
Expenditure
Cost of money raising
Mission & Grants
Support for ministry
"Charitable activities
Parish artivities-
Church services
General parish expenses
Church property-
Maintenance of church
Maintenance of other property
Total expendlture
1.443
22,982
259.141
11,845
1.443
39,136
259,141
11,845
16.154
io
li
12
19,159
58,233
538
19.697
59,410
1.777
13
43,835
29,101
445.739
6.745
47.915
72.529
50,580
77,016
518.268
14
Net movement in funds before gains
and losses on investments
108,691
26,258
134,949
Gainslllossesl on investments
16,3091
{6,3091
Transfers between funds
29.552
129,552)
Net movement in funds
138.243
13,294)
16.3091
128.640
Total funds brought forward
523.828
150.775
60.118
734,721
Total funds carrled forward
662,071
147,481
53,809
863,361
13

Donations and legacies
2023
Regular Collections
Donations from St Michael's Car Park Ltd
Legacies
Special collections and donations
Gift Aid refund,
Grants
Other
245.589
55.5fXt
436,182
47.300
4,304
42,970
22.360
19
43.239
22.369
367,IKJ3
553.135
Grants received in the current year induded-
£666 for Apprentice Fund by St Michael's Church-
£7.442 for the Well Fund by St Michael's Churth-
£370 for LPWS VATscheme byst Michael's Church;.
£1,354 for Listed Place5 of Woship scheme by 5t Michael's Church;
£i,ocKJ for St Davids DBF CYFT by St Michael's Churth-
£9,999 for Jubilee Storehouse by St Anne's Church:
£943 for Helping Hand fund for St Anne's Church:
595 for Cafe fund for StAnne's Church.
All the activities in the parish rely on the In¥0￿ement of the church members. in accordance
with FRS 102 and the Charrities SORP IFRS 1021. the economic contribution of volunteers is
not recognised in the accounts.
14

Note5 to the Accourt5
for the year ended 31 December 2023 continued
Income from charitable activrtie5
2023
11,568
16.423
27,991
2022
11.095
14,898
25.993
Church functions
Other
Total mission
Income from money raisir
Bookshop
Other
Total support for ministry
1.964
65
1.584
2.029
1,584
Property income
Car park lease
Other property rent
7.148
58,682
65,830
58,997
64,997
Other income
Miscellaneous
' Surplus on disposal of property
190
132,216
132,406
5,861
5,861
Cost of money raislr
Bookshop
Bank charges
Hall fee
1,400
799
25
1,443
2.224
1,443

Notes to the Accounts
for yèar ended 31 December 2023 contlnued
Mlss6on and Grants
2023
2022
In the parish
Outside the parish
52.541
14.184
66.725
20,699
18,437
39.136
Mission c￿ts a￿ve include giving in support of individuals, missionaries, mission agencies,
and relief and development agencies.
Many charitie5 were supported, such as Syria Earthquake Appeal, West Wales Domestic
Abuse. Aberystwyth Christian Union. The Nazareth Trust, European Christian and People &
Projects Choma.
io
Supportfor ministry
Diocesan ministry share
staff costs
Parochial expenses of clergy
253,164
6,381
5,643
225,166
32,935
265,188
259,141
li
Churth ser¥lces
Service books and materials
Staff costs
Organists
Music and instruments
Utilitie5
Wisiting speakers
other
Totsl maintenance of church
253
10.389
2,825
361
2,306
11,898
2,718
4.824
21.746
5,869
19,697
16

Notes to the Accounts
for the year ended 31 December 2023 continued
12
General parish expenses
2023
2022
Staff costs
MAILMA central costs
PA'S allowance
Training and Conferences
Bank charges
Postage, stationery, etc
Publications
Telephone
Utilities
Equipment renewals and maintenance
Giving
Legal and prOfeSs￿jnal
Managementfees
Queen street mortgage interest
Miscellaneous
Depreciation of assets
40.020
9,993
34,066
439
2,896
38
2,129
2.562
3.680
3.488
2,S85
222
10.235
3,254
1,335
309
7.401
2,693
5,058
59.410
4,253
78.935
13
Malntenance of churches
Utilities
Major repairs and improvements-
Depreciation
Other
Other repairs and maintenance
Vergerfs salary
Telephone
31.727
18,705
3.467
2,935
24￿80
11310
550
15,603
16,272
74,869
50,580
14
Malntenance of other property
17,293
10,341
2,772
61,764
686
Caretaker
Repairs, renewals & Maintenance
Mortgage interest
Management fees
Churchyard maintenance
Other
97.777
1.170
1,632
1,922
119.794
983
470
77,016
17

Notes to the Accounts
for the year ended 31 December 2023 continued
15
Gains1(105ses1 on investments
Unrealised gains/llosses} on revaluation
3,￿2
3,CKJ2
16.3091
16.3091
16
Stsff costs
2023
2022
Staff costs paid by the parish
Wages & Salaries
National insurance costs
93.460
447
82,859
1.173
84.032
93.907
No employees received employee benefits of more than £60,CKIO12022: £60.OCKJI
The average monthly number ofemployees was 712022: 6)
18

Note5 to the Accounts
for the year ended 31 De￿rnber 2023 continued
17
Tangible flxed assets
Property Property Equipment T*M
Cost/Market value
Balance as at l January 2023
Additions
Disposals
Balance at31 December2023: Market
value
150.CD)
274.797
181.828
606,625
177,5&))
177,5601
150,000
150.LK)O
Cost
197.237
181.828
379,065
Depreciation
Balance as at l January 2023
Charge for year
On disposals
Balance at 31 December 2023
Net book value
As at 31 December 2023
As at 31 December 2022
35.386
144,671
5,376
180,057
7,720
37.730
150,047
187,777
ISO.IXKJ
150.1
159.507
239.411
31.781
37.157
341,288
426,568
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'5 and ￿1 Ange15 Property Ttust
- Pla5 yr Afon fl*: executors to the estate of Revd Walters

Notes tothe Accounts
for the year ended 31 December 2023 continued .
17
TanEible Flxed Assets continued
The property at 5 Queen Street. of rtet book value £159,50612022.. £161,850), is mortgEged
as security for the bank loan of £20.54312022: É24,3391 included in creditors.
Further tangible fixed assets used by the church but not induded in the accounts-
The church building of St Michael's, Holy Trinity, St Anne's, St Mary'5, and St Llwchaiarn, their
contents and the churchyards are vested in the Representative Body of the Church in Wales
and do not torm part of the assets of the Parish. The Parish Hall at Castle Rooms is owned by
Ysgoldy Aberystwyth trust and does not form part of the assets of the Parish.
St Anne's Church Hall and Y5gol(ty Figure Four, Uanfarian are held in trust for the Parish by
the RepresentatNe Body of the Church in Wales
The following are held in trust for the Parish by the Di0￿$an Board of Finance:
Buarth Church Hall
Holy Trinity Church Cottages
Fixed assets: Inveslments
Balance
0110112023
DisPOsa15 Revaluation
2023
2023
Balance
3111212023
Investments held by the Church in Wales:
Bequests in the common investment fund
53.809
3,002
56.811
19
Debtors
2023
15.055
20,501
35,556
other debtors
Prepayments and accrued income
11,655
17,931
29,586
20
Creditors: Amounts falling due WTthin one year
2023
2022
Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred intome
69,2%
15319
17,010
9,452
111,077
69.296
11.628
43.680
7,952
132,556
Included in loans and overdrafts above is £4,29612022- £42961 of a bank mortgage secured
on 5 Queen Street.
Other unsecured loans of £65.0(KJ12022= £65.1]￿) included in loans and overdrafts are
repayable 6 months 2fter demand. No interest is payable on these loans. However, o
repayment of any of these loans. the loan is linked to the Land Registry Index for Ceredigion.
20

Notes to the Accounts
for the year ended 31 December 2023 continued
21
Creditors: Amounts falling due after moTe than one year
Bank loan
16.247
16.247
20,043
20,043
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 £1.33512022- £6861.
22
Operating leases- as lessor
At 31 December 2023 the totsl future minimum lease payments for propety leases were:
2023
2022
20,997
20,997
83.988
83,988
27,996
48.993
132,981
153.978
Not later than one year
later than one year and not laterthan 5 years
later than 5 years
23
Capital commitments
The church had not entered into any contracts for building works, other than repairs.
21

Notes to the AcC￿nts
for the year ended 31 December 2023 cOntirn￿l
24
Restricted funds
Balance
lTrcoming Oirtgoing Transfers
2023
2023
2023
Balance
OVOin023
3111212023
St Mich￿1,5 .
Holy Trinity
St Anne's
5t Mary's
st Uanwchaiam
63.739
113
81,978
1,117
534
44.733 (30,5921 113,5251
11131
64.355
56.886 184.9051
53,959
1.117
534
147.481
101,619 1115,4971 113,6381
119.965
Restricted funds for each thurch comprise of-
l. Grants and giving funds raised for spectfic purposes within the parish or on behalf of
others.
2. Bequest5 and funds in memory donated for specific purposes or to be spent at the
direction of bereaved families.
3. Fabric funds which are for the maintenance and improvement of the church buildings
and halls.
4. ActNlties funds Mthich support the artNities of the churches within the porish.
22

Notes to the Accounts
for the year ended 31 December 2023 ¢ontinued
Unre5trirted funds
Balance Incoming (hrtgoing Transfers
oyoi12023
2023
2023
2023
Balance
31112120Z3
Designated funds
St Michael's
Holy Trinity
St Anne'5
St Uanwchaiarn
152
6,674
14,372
8.305
110,3981
108,611
16,5701 18,0741
{8.3841
460
105.039
12721
4.383
687
109,837
410,757
120,913
641,507
4.IJ02
4.841
29,351
278.541
132,216
378,689 335,123 1505,5401 187,3591
662.071 496,690
1530,892}
13,638
125,3521 100,997
St Michael's property fund
General Funds
The St Michael'5 property fund is the value of unrestrKted funds represented by property, less the
loans used to fund their 3CqUlSition.
23

Notes to the Accounts
for the yèar ended 31 De￿mber 2023 contlnued
26
Rel*ed party tran&irtions 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 proiiided by the diocese. They receive no rernuneration or other benefits of
employmer)t from the parish.
No other member5 of the PCC received any remuneration or other benef￿ 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'5 Church received donations of £55,5(KJ12022: £47,3￿1,
rental income of £6,OIJO12022= 7.1481. and charges of £6,12012022- £6,120) from St
Michael's Car Park Limited.
All the trustses are also members of the church, who gtve to the churches as part of the
congregation. Identifying the total financial gtving of the trustees as a group would be an
onerous task and therefore has not been done.
27
Reconciliation of net movement in funds
2023
{45.078}
7,720
1132,216}
13,880}
13,0021
12391
15.970}
{21.479}
1204.144}
2022
128,640
8,707
Net movement in fiJnds
Add back depreciation
Add back disposal of asset
Deduct Interest income
Deduct gainsl add back losses on investments
Decrease/lincrease) in stock
Decrease/lincreasel in debtors
Increaselldecreasel in creditors
18141
6,309
275
110,9711
44,635
176,781
24

Independent examinerfs report to the Trustees of the Parish oAAberystwyth Parochial
Church Council
I report to the trustees on my examination of the accounts of the Trustees of the Parish of
Aberystwyth Parochial Church Council for the year ended 31 December 2023, which are set
out on the previous pages.
Respective responsibility of trustees and ex(Jminer
The charitls 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 gr05s income exceeded £250,OCM) 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 section 145 of the Charities Act-
To follow applicable Directions given by the Charity Commission {under section
145(5)Ibl of the Act, and
To state whether particular matters have come to my attention
Basis of independent examinerfs Stutement
My examination was carried out in accordance with general Directions given bythe 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 exominerfs statement
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 record5- or
the accounts did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Report51 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.
25

Independent examinerf5 report to the Tru5tee5 ofthe Parish of Aberystwyth Parothial
Church Council (Continued)
I have no concerns and have come across no other matters in connertion with the
examination to which attention should be drawn in this report in orderto enable a proper
understanding of the accounts to be reached.
Signed:
Name.. Mr O R Jones
The Association of Chartered Certified
Accountants
TP Harford
5gwor Harford
Lampeter
Ceredigion
SA48 7HD
26