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← East Cardiff Ministry Area

2024-12-31-accounts

CHARITY NUMBER 1136081

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EAST CARDIFF MINISTRY AREA

EAST CARDIFF MINSTRY AREA

Accounts 2024

CONTENTS

Charity Information 2
Trustee’s Report: 3-6
Report of the Independent Examiner 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Accounting Policies 10-13
Notes to the Accounts 14-23

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EAST CARDIFF MINSTRY AREA

Accounts 2024

CHARITY INFORMATION

Charity Name East Cardiff Ministry Area Registered Charity Number 1136081 Principal Address All Saints’ Church 256 Cyncoed Road CARDIFF CF23 6RU Contact Details Tel: 029 2075 2138 Email: admin@eastcardiff.church Website: eastcardiff.church

Charity Trustees

Ex-Officio

The Revd Canon James Henley (Co-chair) The Revd Anthony Beer The Revd Rosemary Hill The Revd Adriana Marja Flipse The Revd Gareth Rayner-Williams (resigned 31 March 2024) The Revd Tina Parry Rhys Collins (Churchwarden) Philip Jones (Churchwarden – transferred to ex-officio member 23 June 2024)

Elected

Maureen Archard (retired 22 June 2025) John Bonelle (appointed 23 June 2024) Louise Brownsey (retired 22 June 2025) Patricia Charles Elizabeth Collins (appointed 23 June 2024) Matthew Collins (retired 23 June 2024) Sally Davies (retired 23 June 2024) Helen Dharmasena Susan Fergusson Caroline Hartfield Rosemary James (Safeguarding Officer – retired 23 June 2024) Jennet Mundy Jeremy Olds (appointed 22 June 2025) Jennifer Perry Lesley Read Jeanette Williams (appointed 22 June 2025)

Co-opted

David Evans (Previously Churchwarden – transferred to co-opted member 23 June 2024) Anthony Jones (Treasurer – appointed 24 October 2024) Claire Ingrams (Secretary) Matthew Turner (Co-chair) Ian Loynd Hannah Leoni Oxenham (Safeguarding Officer – appointed 11 July 2024) Rebecca Williams (transferred to co-opted member 23 June 2024)

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TRUSTEE’S REPORT

The trustees have pleasure in presenting their report and financial statements for the Charity for the year ending 31 December 2024.

Objectives and Activities

The objectives of the Charity are achieved by promoting throughout the Ministry Area the whole mission of the Church, pastoral, evangelistic, social and ecumenical – within our parish. This includes the following:

In preparing this report, the Ministry Area Council have considered the guidance issued by the Charity Commission on public benefit. In each decision made, we have sought to weigh up the benefit and/or detriment both for those who join us for public worship within our congregations and those resident in our communities.

Monies are raised by freewill offertory, fundraising activities and specific appeals. These are used to support the work and administration of the churches and wider mission. Both the Ministry Area, and its constituent local churches, continue to actively increase attendance and develop mission work in the community. Many of those involved in the main functions of the churches are volunteers. The Ministry Area is grateful to all of those who freely give of their time on a voluntary basis.

Achievements and Performance

During 2024, the East Cardiff Ministry Area continued to develop our plans to grow the mission of the Church across our communities. Our three overarching aims – to stand for justice , to act with compassion and to walk in faith – provide a framework for the achievement of our legal charitable objectives. What follows is a summary of our achievements during this past year.

Stand for Justice

Act with Compassion

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Accounts 2024

EAST CARDIFF MINSTRY AREA

Walk in Faith

Financial Review

The Annual Accounts for 2024 show a surplus of £54,431, (including a small surplus in unrestricted funds of £15,627). Although this is a significant improvement on 2023, it has only been possible thanks to financial support from the Monmouth Diocesan Board of Finance. This includes deferred payment of Ministry Share when necessary, together with rebates totalling £77,700. Without this rebate the unrestricted funds would have been in deficit for the year of £62,073, and total funds would have shown a deficit of £23,269. This illustrates the necessity to continue to review costs and increase unrestricted income in future periods.

Last year, the trustees agreed a comprehensive ‘Stewardship and Fundraising Plan’, whose progress has been overseen by a small task group. As a result of the plan’s implementation, unrestricted income from Donations and Legacies increased to £150,822 (2023 - £127,827). Meanwhile, unrestricted income from Charitable Activities has increased to £39,894 (2023 – £25,935). A balanced budget for 2025 has been agreed, which sets targets for a further increase in income, alongside some small savings in expenditure where possible.

Although the Ministry Area has carried forward current assets of £169,875, only £46,753 of these are unrestricted. In addition, a balance of £72,613 (2023 - £98,140) is owed in outstanding Ministry Share to the Diocesan Board of Finance. The Diocese is continuing to support the Ministry Area by deferring payments on the outstanding creditor as required. Accordingly the accounts are prepared on a going concern basis.

Structure, Governance and Management

The East Cardiff Ministry Area comprises the five churches of All Saints’ Cyncoed, St Augustine Rumney, St Dyfrig Llanrumney, St Edeyrn and St Mellon; and two congregations – All Saints’ Llanedeyrn and St David’s Pentwyn – based in local Church in Wales primary schools. Regular services at St David’s Pentwyn were suspended during 2023 and did not recommence during 2024.

The Representative Body of the Church in Wales holds the land and property of the Church in Wales, they are an exempt Charity set up under Section 13(2) of the Welsh Churches Act 1914. They act on behalf of the province in paying the stipends of the full-time clergy and administering the Church in Wales’s scheme of gift aid.

The Ministry Area Council act as Parochial Church Council and Charity Trustees for the entire Ministry Area. It is not a body corporate, and its composition, procedure and powers are regulated by the Constitution of the Church in Wales. Trustees are elected Annually.

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Accounts 2024

EAST CARDIFF MINSTRY AREA

The Licensed Clergy Team currently consists of the Ministry Area Leader (James Henley); three Vicars (Anthony Beer, Rosemary Hill, Marja Flipse) and an Assistant Curate (Tina Parry). Having successfully completed her curacy, The Revd Tina Parry will move on to a new role in the Diocese of Truro at the end of July 2025. Day-to-day operations are delegated to the clergy team, assisted by volunteers.

The Ministry Area has administration support of an Administrator who is employed part-time by the Ministry Area. Support for bookkeeping and other assorted administrative tasks is received from the Diocese of Monmouth Ministry Area Support Team.

Recruitment and Appointment of Trustees

Trustees are appointed to the Ministry Area Council as provided for by our Standing Orders, and as provided for by Chapter 4C of the Constitution of the Church in Wales:

The ex-officio members include clergy licensed and appointed by the Bishop of Monmouth, as well as two Churchwardens. At the Annual Vestry Meeting, each year one Churchwarden is appointed by the Ministry Area Leader, and the other is elected or re-elected each year by the lay members of the Ministry Area’s Electoral Roll.

The elected members are elected or re-elected by the Annual Vestry Meeting, with two members representing each church in the Ministry Area.

The co-opted members are appointed by the Ministry Area Council, to contribute particular skills or expertise that the trustees feel would be beneficial to the overall governance of the Ministry Area.

The trustees are provided with ongoing training and guidance in the fulfilment of their responsibilities and legal obligations throughout the year by the Ministry Area and the Church in Wales. They are also requirement to undertake the relevant Church in Wales safeguarding training. Trustees with specific responsibilities (eg. chair, treasurer, safeguarding officer) are provided with additional Diocesan support in the fulfilment of these duties.

Reserves Policy

The policy of the Ministry Area Council is to make use of restricted funds wherever possible, particularly in relation to expenditure on the maintenance, repair and development of church buildings and other property. Over the long term, the trustees aim to return to a surplus budget and increase the charity’s unrestricted reserves, which can be made available to deal with any unforeseen or unplanned events as and when they arise.

Historic legacies and bequests made to the churches are held in the form of shares in the Representative Body of the Church in Wales (RBCiW) Common Investment Fund. According to the investment policy of the RBCiW, these are couched in a balanced range of investments, in order to achieve a healthy and secure return. These investments are held for the long-term to use in accordance with requirements of the original donations.

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Accounts 2024

EAST CARDIFF MINSTRY AREA

STATEMENT OF MINISTRY AREA COUNCIL RESPONSIBILITIES

The Charities Act requires the Council to prepare a statement of accounts for each financial year which comply with the regulations made under the Act.

The Council is responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and contain entries showing from day to day all monies received and monies expended by the charity and the matters in respect of which those transactions took place and also contain a record of the assets and liabilities of the charity. The law also sets out the responsibilities for the preparation and content of the Annual Report.

The Council is also responsible for safeguarding the assets of the charity and ensuring their proper application under charity law and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees declare that they have approved the trustees’ report above

Signed on behalf of the charity’s trustees

James Henley Date: 10 July 2025 Trustee and Rector

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EAST CARDIFF MINSTRY AREA

Accounts 2024

INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE EAST CARDIFF MINISTRY AREA

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 23.

Respective responsibilities of trustees and examiner

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). 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.

Independent examiner's statement

My examination was carried out in accordance with general Directions given 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 any 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 fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 fair view’ which is not a matter considered as part of an independent examination.

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 understanding of the accounts to be reached.

INDEPENDENT EXAMINER

JE Payne ACA ICAEW Xeinadin South Wales & West Limited Court House, Court Rd Bridgend, CF31 1BE

Date: 10 July 2025

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EAST CARDIFF MINSTRY AREA

Accounts 2024

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 December 2024

Note
INCOMING RESOURCES
1
Income and endowments from:
Donations, legacies and grants
Charitable activities
Investments
Other income
Total income
RESOURCES EXPENDED
2
Expenditure on:
Charitable activities
Other expenditure
Total expenditure
Net income before investment
gains/(losses)
Net gains/(losses)on
investments:
Gains/(losses) on revaluation of
investments
10
Investment income re-invested
Gains/(losses) on disposal of
investments
NET INCOME/EXPENSE AND
MOVEMENT IN FUNDS
Reconciliation of Funds:
Total funds brought forward
Fund transfers
13
Total funds carried forward		 Note
INCOMING RESOURCES
1
Income and endowments from:
Donations, legacies and grants
Charitable activities
Investments
Other income
Total income
RESOURCES EXPENDED
2
Expenditure on:
Charitable activities
Other expenditure
Total expenditure
Net income before investment
gains/(losses)
Net gains/(losses)on
investments:
Gains/(losses) on revaluation of
investments
10
Investment income re-invested
Gains/(losses) on disposal of
investments
NET INCOME/EXPENSE AND
MOVEMENT IN FUNDS
Reconciliation of Funds:
Total funds brought forward
Fund transfers
13
Total funds carried forward		 2024
2024
2024
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
150,822
72,897
223,719
39,894
4,824
44,718
647
4,085
4,732
78,552
-
78,552
269,915
81,806
351,721
(251,648)
(50,290)
(301,938)
(2,640)
-
(2,640)
(254,288)
(50,290)
(304,578)
15,627
31,516
47,143
-
6,226
6,226
-
1,062
1,062
-
-
-
15,627
38,804
54,431
(25,396)
249,887
224,491
-
-
-
(9,769)
288,691
278,922		 2023
2023
2023
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
127,827
30,856
158,683
25,935
3,960
29,895
1,456
3,736
5,192
26,177
1,185
27,362
181,395
39,737
221,132
(305,541)
(134,795) (440,336)
(2,640)
-
(2,640)
(308,181)
(134,795) (442,976)
(126,786)
(95,058)
(221,844)
-
6,098
6,098
-
526
526
231
381
612
(126,555)
(88,053)
(214,608)
101,846
337,253
439,099
(687)
687
-
(25,396)
249,887
**224,491 **
269,915
81,806
(251,648)
(50,290)
(2,640)
-
(254,288)
(50,290)
15,627
31,516
-
6,226
-
1,062
-
-

Included in restricted income is £971 of income related to endowments funds (2023 - £717) plus a gain on revaluation of investments of £1,573 (2023 - £1,516).

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EAST CARDIFF MINSTRY AREA

Accounts 2024

Statement of Financial Position as at 31 December 2024

Note
Fixed Assets
Tangible assets
9
Investments
Common Investment Fund
10
Total fixed assets
Current assets
Cash at bank and in hand
Debtors
11
Creditors:
amounts falling due
within one year:
Accruals and credit balances
Amounts due to diocese
Total current liabilities
12
Net current assets
Net (liabilities)/assets
Brought forward
Transfers
Surplus/(deficit) for year
Carried Forward
13
Restricted funds include
endowment funds
10		 2024
Unrestricted
Funds

£
32,312
-		 2024
2024
Restricted
Funds
Total
£
£
3,201
35,513
162,368
162,368
165,569
197,881
123,122
165,232
-
4,643
123,122
169,875
-
(16,221)
-
(72,613)
-
(88,834)
123,122
81,041
288,691
278,922
249,887
224,491
-
-
38,804
54,431
288,691
278,922
30,295		 2023
2023
Unrestricted
Funds
Restricted
Funds
£
£
37,994
3,557
-
113,080		 2023
2023
Unrestricted
Funds
Restricted
Funds
£
£
37,994
3,557
-
113,080		 2023
Total
£
41,551
113,080
154,631
176,233
2,844
179,077

(11,077)
(98,140)
32,312 37,994
**116,637 **
42,110
4,643		 42,983
133,250
2,844
-
46,753 45,827
133,250
(16,221)
(72,613)		 (11,077)
-
(98,140)
-
(88,834) (109,217)
-		 (109,217)
(42,081) (63,390) 133,250 69,860
224,491
439,099
-
(214,608)
**224,491 **
(9,769) (25,396) **249,887 **
(25,396)
-
15,627		 101,846
(687)
(126,555)		 337,253
687
(88,053)
(9,769) (25,396) **249,887 **
28,721

These financial statements were approved by the Parochial

Parish Council on 10 July 2025

Signed on their behalf by

J Henley Trustee and Rector

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EAST CARDIFF MINSTRY AREA

Accounts 2024

STATEMENT OF ACCOUNTING POLICIES

Basis of preparation

The accounts are prepared under the historic cost convention as modified by the revaluation of investments to fair value in accordance with the Charities Act 2011, the Church Accounting Regulations 2006 and the Statement of Recommended Practice (SORP): '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 and Republic of Ireland (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' As a charity, the church is a Public Benefit Entity (PBE) within the meaning of FRS102.

In accordance with the exemptions available in the SORP (FRS102), the Ministry Area has not prepared a cashflow statement.

The accounts presentation is in line with the requirements of the Annual Financial Return to Monmouth Diocesan Board of Finance. Some of these differ from the format and disclosure requirements of the SORP (FRS102) because, in the opinion of the PCC, the format adopted best represents the activities of the church.

The Ministry Area is a multi-church parish comprising, All Saints’ Cyncoed, St Edeyrn’s St Dyfrig’s Llanrumney, St Augustine’s Rumney and St Mellons, together with two congregations – All Saints’ Llanedeyrn and St David’s Pentwyn – based in local Church in Wales primary schools. Regular services at St David’s Pentwyn were suspended during 2023 and did not recommence during 2024.

The Ministry Area has total carried forward current assets of £169,875, but only £46,753 of these are unrestricted. The total unrestricted funds show a deficit of £9,769 which includes a balance of £72,613 owed in outstanding Ministry Share to the Diocesan Board of Finance. Of this balance there was a reduction to £41,613 following the final quarter payment in early January 2025. In order to reduce the deficit, the budget for 2025 is based on a breakeven overall budget, utilising restricted funds for maintenance, mission and other activities where appropriate so that there is a surplus on unrestricted funds for 2025. The Diocese is continuing to support the Ministry Area by deferring payments on the outstanding creditor as required. Accordingly the accounts are prepared on a going concern basis on the grounds that the charity will be able to continue its operations for at 12 months from the date of approval for the accounts.

The presentation currency of the financial statements is the Pound Sterling (£).

Accruals accounting

All income is credited gross on the date on which it is received, or when it due and can be reasonably estimated. All expenditure is fully accrued based on the date that the liability has arisen.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular specific purpose.

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EAST CARDIFF MINSTRY AREA

Accounts 2024

STATEMENT OF ACCOUNTING POLICIES (Continued)

Tangible fixed assets

Tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less accumulated depreciation. Tangible Fixed Assets are not capitalised if they relate to the repairs or improvements to consecrated Churches as the ownership of these buildings resides with The Representative Body of Wales.

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes original purchase price plus any costs directly attributable to making the asset capable of operating as and where intended.

Depreciation is provided rates in order to write off the cost, less estimated residual value, of each asset on a systematic basis over its estimated useful life. Depreciation is provided on equipment at the annual rate of 15% and 25% reducing balance in order to write off each asset over its estimated useful life. The organ is depreciated on a straight line basis at 10% per annum.

Church Land and Buildings

The land upon which All Saints’ Church (Cyncoed), St Augustine’s Church (Rumney), St Dyfrig’s Church Llanrumney), St Edeyrn’s Church (Llanedeyrn), and St Mellons Church (Old St Mellons), together with the majority of the contents of the churches, and the church hall of St Dyfrig’s, are vested in the Representative Body of the Church in Wales. The church hall of St Augustine’s is vested in the Monmouth Diocesan Trust. The burial ground adjoining St. Edeyrn’s Church is vested in the Old St Mellons Community Council. As none of the above properties, nor their contents, are vested in the Ministry Area they do not appear in the accounts of the parish.

All Saints’ Church Llanedeyrn hold their Church and Sunday School services on the premises of All Saints’ Church in Wales School, Llanedeyrn, Cardiff.

Investment assets

Fixed asset investments are shown at mid-market value at the Balance Sheet date.

Fixed asset investments in The Representative Body of the Church in Wales Common Investment Fund are valued initially at original purchase cost and subsequently at their market value at the year end with any gains or losses going through the SOFA.

Amounts held at recognised UK banks are classified as cash at bank and in hand.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash

Cash consists of monies held in Banks by each of the Churches together with the Area plus, cash in hand at each of the individual churches plus funds held by the Representative Body in bank account.

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EAST CARDIFF MINSTRY AREA

Accounts 2024

STATEMENT OF ACCOUNTING POLICIES (Continued)

INCOME

Income is recognised in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

The following specifies the policies applied and the main types of income that are included within the particular categories of incoming resources:

Collection

The Ministry Area received its main income from the Direct Giving of its Parishioners and there are three main categories of this direct income:

Grants and donations

Grants and donations are only included in the SOFA when the general income recognition criteria are met

Legacies

Legacies are included in the SOFA when the receipt is probable, that is, when there has been grant of probate, the executors have established there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Tax reclaims on donations, gifts and legacies

Gift aid receivable is included in income where there is a valid declaration from the donor and is recognised in the period when the original donation is made and the claim can be calculated. Any Gift Aid amount recovered is considered to be part of the original donation and as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Income from interest and dividends

The benefice has two main sources of investment income and is included in the accounts when receipt is probable and the amount received can be measured reliably:

Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year

Volunteer help

The value of any voluntary help is not included in the accounts but is described in the trustees annual report.

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Accounts 2024

STATEMENT OF ACCOUNTING POLICIES (Continued)

EXPENDITURE

Expenditure is accounted for on an accruals basis inclusive of VAT which is not recoverable as the organisation is not VAT registered.

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount can be measured with reasonable certainty. The charity has creditors which are measured at the amounts due in settlement.

TAX

The charity is exempt from corporation tax.

SIGNIFICANT JUDGEMENTS

The majority of income and expenditure is based on cash movements through the bank account. There are therefore limited judgements made in the overall accounts. These judgements include:

A key judgement area is ensuring that the allocation of expenditure to individual restricted funds is in accordance with the terms of that specific fund.

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EAST CARDIFF MINSTRY AREA

Accounts 2024

NOTES TO THE ACCOUNTS

1
INCOME
Donations and Legacies
Planned Giving
Loose Collections
Tax Refunds (Gift Aid)
Donations
Legacies
Grants
Charitable Activities
Fees - Baptisms,
Funerals and
Weddings
Hall hire
Money raising
events
Income From Investments
Fixed Asset Investment Income
Deposit Account Interest
Other Income
Other Incoming Resources
Ministry Area Rebate		 Unrestricted
Restricted
2024
Funds
Funds
Total
£
£
£
94,529
10
94,539
16,002
157
16,159
30,908
2,400
33,308
2,395
19,172
21,567
5,700
47,845
53,545
1,288
3,313
4,601
150,822
72,897
223,719
9,905
2,453
12,358
15,724
-
15,724
14,265
2,371
16,636
39,894
4,824
44,718
-
1,965
1,965
647
2,120
2,767
647
4,085
4,732
852
-
852
77,700
-
77,700
78,552
-
**78,552 **		 Unrestricted
Restricted
2023
Funds
Funds
Total
£
£
£
91,309
50
91,359
12,500
25
12,525
23,991
3,198
27,189
27
18,994
19,021
-
1,280
1,280
-
7,309
7,309
127,827
30,856
158,683
13,644
2,252
15,896
2,316
1,708
4,024
9,975
-
9,975
25,935
3,960
29,895
108
1,901
2,009
1,348
1,835
3,183
1,456
3,736
**5,192 **
9,425
1,185
10,610
16,752
-
**16,752 **
26,177
1,185
**27,362 **

Investment income includes £971 from endowment investments (2023 - £717) included with restricted income.

14

EAST CARDIFF MINSTRY AREA

Accounts 2024

2
EXPENDITURE
Unrestricted
Restricted
2024
Funds
Funds
Total
£
£
£
Charitable Activities Expenditure
Support for Ministry
159,613
-
159,613
Maintenance of Services
19,697
-
19,697
General Parish Expenses
30,338
6,080
36,418
Maintenance of Churches and
other church property
35,215
35,092
70,307
Mission (Donations)
1,103
8,762
9,865
Depreciation
5,682
356
6,038
251,648
50,290
301,938
Other Expenditure
Independent Examination
2,640
-
2,640		 Unrestricted
Restricted
2023
Funds
Funds
Total
£
£
£
167,829
-
167,829
17,558
-
17,558
27,259
4,847
32,106
92,440
125,475
217,915
-
4,473
4,473
455
-
455
305,541
134,795
440,336
2,640
-
2,640

Included within the Maintenance of Churches for 2023 was a significant renovation project – the Centenary Project – at All Saints Cyncoed. The project involved the demolition of the church hall, repairs to the roof and fabric of the church, new stained glass windows, equipment and a new organ. The project expenditure included in 2023 in the income and expenditure account was £134,599 of which £78,734 was spent using restricted funds which are viewed to be repairs to a consecrated Church and have therefore not been capitalised plus another £28,019 of expenditure paid last year and now written off as the project completed. The amounts have not been capitalised as the expenditure relates to repairs to the All Saints Church. In addition a further £41,000 (£3,557 restricted) was spent on equipment additions including the new organ for All Saints church which has been capitalised – note 9.

3 MAINTENANCE OF MINISTRY AND RELATED PARTY TRANSACTIONS

To fund the provision of Ministry, the Ministry pays a “Parish Share” to the Diocese. This Parish Share was split and allocated between each church as agreed within the Area. This previously resulted in amounts due to and from the various churches. However, in 2019 it was agreed to write off all these historical balances within the area, so that the total amount due to the diocese is combined for the area. In 2021 the individual churches were unable to completely pay their allocation of the parish share to the area, so the balance was again written off. In 2023 and 2024 the amounts due from each individual church to the area have been charged and retained in the individual church accounts, although in total this has no effect on the amount due from the diocese to the area as a whole.

The total charge for Parish Share for the Area was £148,158 (2023 - £155,185).

During the year the area received a rebate for the parish share from the diocese of £77,700 (2023 - £15,000).

The total amount outstanding from the area due to the diocese at the year end (as per note 12) was £72,613 (2023 - £98,140).

15

EAST CARDIFF MINSTRY AREA

Accounts 2024

4 MAINTENANCE OF PROPERTY

The Ministry Area pays for all maintenance expenses of the Area church halls and the upkeep of the car park by St.Edeyrn’s church, along with the maintenance of individual churches and churchyards within the Area.

5 MISSION

The Ministry Area recognises that an important part of its Christian Stewardship is to financially support the work of Church Missions, Christian Charities, Social and Emergency appeals. The amounts paid out for mission and charity donations in the year totalled £9,865 (2023 - £5,501).

6 LEGAL AND PROFESSIONAL

Amounts included in the accounts due to Independent Examiners, including VAT, for:

Independent Examination £2,640 (2023 – £2,640)
Accounting £Nil (2023 – £1,200)
Payroll £1,005 (2023 – £653)

7 CLERICS AND TRUSTEES TRANSACTIONS

The Ministry Area pays the cost of all expenses incurred by the Church in Wales Clerics and Church Wardens in the performance of their Parish duties. The amounts paid to Clerics were £9,955 (2023 - £11,289) to a total of 4 individuals (2023 - 7), including £nil of funeral and wedding fees (2023 - £1,022) and £3,438 (2023 - £3,010) for re-imbursement of water rates to 4 individuals (2023 - 3). In addition there were amounts paid to trustees acting as vergers at various services such as weddings and funerals totalled £Nil (2023 – £335) for various fees to individuals (2023 - 5).

No other trustees received fees and expenses (2023 - £Nil) for reimbursement of expenses incurred relating to the general running and administrative costs of the charity.

The total number of trustees reimbursed for expenses paid on behalf of the charity during the year including clergy was 4 (2023 – 12).

The Area does not pay any remuneration to the Church in Wales Clerics. The clergy team, are remunerated by the Monmouth Diocesan Board of Finance. No payments were made to other Trustees for remuneration in the current or prior year.

Some trustees give anonymously to the charity via the weekly church collections. There were no specific donations from trustees (2023 - £Nil).

The charity insurance for the year incudes indemnity insurance cover for all trustees.

8 WAGES AND SALARIES

During the year the area employed 1 (2023 – 1) part time employee at a total cost of £12,826 (2023 - £13,041). Staff costs are made up of £12,698 gross wages and employers NIC and £128 employers pension contributions. (2023 - £12,781 and £260 respectively)

No employees earned over £60,000 (2023 - Nil).

16

EAST CARDIFF MINSTRY AREA

Accounts 2024

9 TANGIBLE FIXED ASSETS

Cost Brought Forward
Additions
Write-offs
Cost Carried Forward
Depreciation Brought Forward
Charge For Year
Depreciation Carried Forward
Net Book Value Brought Forward
Net Book Value Carried Forward
Restricted
Unrestricted		 Equipment
Unrestricted
Funds
Organ
Unrestricted
Funds
Organ
Restricted
Funds
2024
Total
£
£
£
£
18,677
19,772
3,557
42,006
-
-
-
-
-
-
-
-
18,677
19,772
3,557
42,006
455
-
-
455
3,705
1,977
356
6,038
4,160
1,977
356
6,493
18,222
19,772
3,557
41,551
14,517
17,795
3,201
35,513
-
-
3,201
3,201
14,517
17,795
-
32,312
14,517
17,795
3,201
35,513		 2023
Total
£
29,025
41,000
(28,019)
42,006
-
455
455
29,025
41,551
3,557
37,994
41,551

10 FIXED ASSET INVESTMENTS

The long term investment of the Ministry Area consists of monies that have been donated or bequeathed to the Ministry Area and/or one of its churches by parishioners and also Stock issued by the Governing Body of the Church of Wales under the Tithe Act. The use to which some of these capital and income items may be put is restricted to the specific terms of the individual Trust Deed.

This money is under the control of the Representative Body of the Church in Wales and in its capacity as the Special Trustee of all the Deeds and is invested by the Representative Body in its Common Investment Fund, which is a Managed Fund under its supervision.

17

EAST CARDIFF MINSTRY AREA

Accounts 2024

10 FIXED ASSET INVESTMENTS (continued)

Shares
No
Market Value
£
St Edeyrn’s Church
285
625
Chancel Repair – capital
686
1,523
Chancel Repair – Accumulations
-
121
Chancel Repair – uninvested
25,943
57,400
Memorial
-
(3)
Cash carried forward
26,914
59,666
Subtotal
St Augustine’s Church
Legacy E Nurton – capital
Legacy – uninvested
3,375
7,467
Churchyard Trust Capital
698
1,544
Churchyard Trust Income Accumulation
-
217
Uninvested
3,056
6,761
Second Churchyard Trust Capital
-
1
Uninvested
7,129
15,990
Subtotal
St Mellons Church
3,125
6,914
Specific Graveyard
100
221
Churchyard
3,325
7,357
Church Repairs
Investment of Parochial Monies
2,742
6,067
Capital
7,555
16,715
Accumulation
-
150
Uninvested
16,847
37,424
Sub Total
50,890
113,080*
Totals		 Purchases
No
22
13,786
254
239
14,301		 Shares
No
Market
Value
£
285
665
708
1,652
2
25,943
60,543
(3)
26,996
62,859
13,786
32,172
10,002
3,375
7,877
952
2,221
65
3,056
7,133
1
21,169
59,471
3,125
7,292
100
233
3,325
7,760
2,742
6,399
7,794
18,189
165
17,086
40,038
65,191
162,368

18

EAST CARDIFF MINSTRY AREA

Accounts 2024

10 FIXED ASSET INVESTMENTS (continued)

St
Edeyrn’s
St.
Augustine’s
St
Mellons
£
£
At 1 January
59,666
15,990
37,424
Legacy received
-
42,000
-
Income retained in portfolio
54
439
569
Revaluation
3,139
1,042
2,045
TOTAL
Note 13
62,859
59,471
40,038
Restricted
Endowment
-
15,009
15,286
Other
62,859
44,462
24,752
TOTAL
Note 13
62,859
59,471
40,038
Movement:
Income
Re-
invested
Reval
Transfer
Brought
Forward
Legacy
to Parish
£
£
£
£
£
£
Restricted
Endowment
28,721
-
971
(439)
1,573
(531)
Other
84,359
42,000
2,056
439
4,653
(1,434)
Total
113,080
42,000
3,027
-
6,226
(1,965)
Income can be analysed
as follows
Transferred to
parish
Note 13
1,965
Re-invested
Per SOFA
1,062
Total
Note 13
3,027		 St
Edeyrn’s
St.
Augustine’s
St
Mellons
£
£
At 1 January
59,666
15,990
37,424
Legacy received
-
42,000
-
Income retained in portfolio
54
439
569
Revaluation
3,139
1,042
2,045
TOTAL
Note 13
62,859
59,471
40,038
Restricted
Endowment
-
15,009
15,286
Other
62,859
44,462
24,752
TOTAL
Note 13
62,859
59,471
40,038
Movement:
Income
Re-
invested
Reval
Transfer
Brought
Forward
Legacy
to Parish
£
£
£
£
£
£
Restricted
Endowment
28,721
-
971
(439)
1,573
(531)
Other
84,359
42,000
2,056
439
4,653
(1,434)
Total
113,080
42,000
3,027
-
6,226
(1,965)
Income can be analysed
as follows
Transferred to
parish
Note 13
1,965
Re-invested
Per SOFA
1,062
Total
Note 13
3,027		 St
Edeyrn’s
St.
Augustine’s
St
Mellons
£
£
At 1 January
59,666
15,990
37,424
Legacy received
-
42,000
-
Income retained in portfolio
54
439
569
Revaluation
3,139
1,042
2,045
TOTAL
Note 13
62,859
59,471
40,038
Restricted
Endowment
-
15,009
15,286
Other
62,859
44,462
24,752
TOTAL
Note 13
62,859
59,471
40,038
Movement:
Income
Re-
invested
Reval
Transfer
Brought
Forward
Legacy
to Parish
£
£
£
£
£
£
Restricted
Endowment
28,721
-
971
(439)
1,573
(531)
Other
84,359
42,000
2,056
439
4,653
(1,434)
Total
113,080
42,000
3,027
-
6,226
(1,965)
Income can be analysed
as follows
Transferred to
parish
Note 13
1,965
Re-invested
Per SOFA
1,062
Total
Note 13
3,027		 Total
£
113,080
42,000
1,062
6,226
162,368
30,295
132,073
162,368
Total
£
30,295
132,073
162,368
113,080
42,000		 3,027
-
6,226
(1,965)
Transferred to
parish
Note 13
Re-invested
Per SOFA
Total
Note 13		 1,965
1,062
3,027

19

EAST CARDIFF MINSTRY AREA

Accounts 2024

11
DEBTORS (ALL UNRESTRICTED)
Gift Aid
12
CREDITORS (ALL UNRESTRICTED)
Amounts due to diocese for parish share
Accruals
Other creditors		 2024
£
4,643
4,643
2024
£
72,613
14,140
2,081
88,834		 2023
£
2,844
2,844
2023
£
98,140
7,640
3,437
109,217

20

Accounts 2024

EAST CARDIFF MINSTRY AREA

13 RESERVES

The Ministry Area aims to be at least break-even in future years so that its reserves are maintained and fixed asset investments are only drawn down for major capital expenditure.

Restricted fund movement

Restricted Funds
Tangible Fixed Assets
Organ
Total Fixed Assets
Investments
Religious purposes only
Maintenance and renovation
of buildings and churchyards:
Area as a whole
St Edeyrn’s church
St Edeyrn’s chancel
St Augustine’s restoration
St Augustine’s churchyard
St Mellons churchyard
St Mellons church
St Mellons church purposes
Total investments
Cash
Mission in the Area
Religious purposes only
Children activities
Administrative grant
Maintenance and renovation
of buildings and churchyards
Area as a whole
All Saints’ Cyncoed
St Edeyrn’s
St Augustine’s Rumney
St Dyfrig’s Llanrumney
St Mellons
St Augustine’s choir fund
Total Cash
Total Restricted Funds
Unrestricted Funds
Fixed assets
Cash
Net debtors/(creditors)
Total Unrestricted Funds		 1 Jan 2024
Additions
Income
Transfers
Expenses Revaluation 31 Dec 2024
£
£
£
£
£
£
£
3,557
-
-
-
(356)
-
3,201
3,557
-
-
-
(356)
-
3,201
-

-
57,395
-
1,434
(1,434)
-
3,144
60,539
2,269
-
52
-
-
(1)
2,320
-
42,000
-
-
-
174
42,174
15,991
-
608
(169)
-
867
17,297
7,135
-
178
(178)
-
390
7,525
7,357
-
184
(184)
-
403
7,760
22,933
-
571
-
-
1,249
24,753
113,080
42,000
3,027
(1,965)
-
6,226
162,368
26,979
-
17,516
-
(14,623)
-
29,872
14,128
-
351
-
-
-
14,479
1,863
-
-
-
-
1,863
-
-
2,150
-
(2,150)
-
-
-
-
368
-
(1,822)
-
(1,454)
9,381
-
-
(9,250)
-
131
15,917
-
3,281
1,434
(3,605)
-
17,027
6,607
3,000
3,674
169
(5,198)
-
8,252
44,978
-
1,176
-
(250)
-
45,904
12,424
-
6,033
362
(13,036)
-
5,783
973
-
292
-
-
-
1,265
133,250
3,000
34,841
1,965
(49,934)
-
123,122
249,887
45,000
37,868
-
(50,290)
6,226
288,691
37,994
-
-
-
(5,682)
-
32,312
42,983
-
191,756
-
(192,629)
-
42,110
(106,373)
-
78,159
-
(55,977)
-
(84,191)
(25,396)
-
269,915
-
(254,288)
-
(9,769)
224,491
45,000
307,783
-
(304,578)
6,226
278,922

21

EAST CARDIFF MINSTRY AREA

Accounts 2024

13 RESERVES (Continued)

The comparative amounts for the movements on funds are

Restricted Funds
Tangible Fixed Assets
Organ
Leasehold Improvements
Total Fixed Assets
Investments
Religious purposes only
Maintenance and renovation
of buildings and churchyards:
Area as a whole
St Edeyrn’s church
St Edeyrn’s chancel
St Augustine’s churchyard
St Mellons churchyard
St Mellons church
St Mellons church purposes
Total investments
Cash
Mission in the Area
Religious purposes only
All Saints’ Organ fund
Children activities
Administrative grant
Maintenance and renovation
of buildings and churchyards
Area as a whole
All Saints’ Cyncoed
St Edeyrn’s
St Augustine’s Rumney
St Dyfrig’s Llanrumney
St Mellons
St Augustine’s choir fund
Total Cash
Total Restricted Funds
Unrestricted Funds
Fixed assets
Investments
Cash
Net debtors/(creditors)
Total Unrestricted Funds		 1 Jan 2023
Additions
Income
Transfers
Expenses Revaluation 31 Dec 2023
£
£
£
£
£
£
£
-
3,557
-
-
-
-
3,557
28,019
-
-
-
(28,019)
-
-
28,019
3,557
-
-
(28,019)
-
3,557
11,635
-
381
-
(12,016)
-
-

10,900
-
-
-
(10,900)
-
-
54,364
-
1,359
(1,359)
-
3,031
57,395
2,000
-
-
-
-
269
2,269
15,155
-
160
(160)
-
836
15,991
6,759
-
169
(169)
-
376
7,135
6,969
-
174
(174)
-
388
7,357
21,209
-
526
-
-
1,198
22,933
128,991
-
2,769
(1,862)
(22,916)
6,098
113,080
26,630
-
4,892
-
(4,543)
-
26,979
13,766
-
645
-
(283)
-
14,128
3,457
(3,557)
100
-
-
-
-
1,499
-
364
-
-
1,863
-
-
4,225
-
(4,225)
-
-
37,889
-
17,929
-
(55,818)
-
-
15,241
-
140
-
(6,000)
-
9,381
13,254
-
1,574
1,359
(270)
-
15,917
6,869
-
3,892
660
(4,814)
-
6,607
49,064
-
453
-
(4,539)
-
44,978
11,951
-
3,198
343
(3,068)
-
12,424
623
-
463
-
(113)
-
973
180,243
(3,557)
37,875
2,362
(83,673)
-
133,250
337,253
-
40,644
500
(134,608)
6,098
249,887
1,006
37,443
-
(455)
-
37,994
10,226
-
231
-
(10,457)
-
-
132,313
(37,443)
180,760
(500)
(232,147)
-
42,983
(41,699)
-
635
-
(65,309)
-
(106,373)
101,846
-
181,626
(500)
(308,368)
-
(25,396)
439,099
-
222,270
-
(442,976)
6,098
224,491

22

Accounts 2024

EAST CARDIFF MINSTRY AREA

14 COMMITMENTS

At the previous year end, the charity was committed to completing the repair, renovation and improvements to All Saints’ Church Cyncoed including outstanding work on access and the installation of the memorial window. The estimated costs of these works committed to at the year-end amounted to £Nil (2023 - £6,960).

There were no other capital commitments at the year end (2023 - £Nil).

23