-PLEAse SIGN
n RETURN
NEWPORT NORTH WEST
MINISTRY AREA
Report and Financial Statements for the year ended 31 December 2023
CHARITY NO. 1137115

INEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMEN'TS FOR THE YEAR ENDED 31 DECEMBER 2023
Contents
Contejjts..
Report of the Trustees for the Year ended 31st December 2023 .......
Independent Examiners, Report to the Trustees of Newport North West Ministry Area .
Statement of Financial Activities
Balance Sheet (Summary).....................
Analysis of income and expenditure....
.10
Accounting Policies
.14

EWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR EINDED 31 DECEMBER 2023
NEWPORT NORTH WEST MINISTRY AREA
Report of the Trustees for the Year ended 31st December 2023
THE TRUSTEES PRESENT THEIR REPORT TOGETHER WITH THE FINANCIAL STATEMENTS OF THE CHARITY FOR THE
ST
YEAR ENDED 31 DECEMBER 2023. THE FINANCIAL STATEMENTS HAVE BEEN PREPARED IN ACCORDANCE WITH
THE ACCOUNTING POLICIES SET OUT IN THE NOTES AND COMPLY WITH THE CHARJTY'S CONSTITUTION AND
APPLICABLE LAW
Legal and administrative information
Charity Registration Number: 1137115
Address
The Vicarage, Llanover Close, Malpas, Newport, NP20 6GQ
Trustees: Trevor ewman (Chair), Revd Rebecca Stevens, Revd Justin Groves, Paul Phillips, Gareth
Woodman, Revd Elizabeth Houghton, Susan Ball, Revd Matthew Sellers, John Lipscomb, Nicola Gibbons,
Lucy Groves, Susan O'Brian, David Slocombe, Mary Lovell, Rachel Mitchell, Rose Tate, Louise Jenkins
Secretary: Rebecca Gibbons
Independellt Examiner
Guilfoyle Sage LLP
Chartered Accountants
21 GoId Tops
Newport
South Wales
NP20 4PG

NEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Governance and Management
Governing Document:
Constitution adopted by the Church in Wales on 31 March 1920 as amended on 23 January 2022
Recruitment and appointment of new trustees
In line with the constitution of the Church in Wales trustees are elected on an annual basis in the Annual Vestry
Meeting from amongst the five congregations having due regard to their individual skills.
Organisational structure
A ministry team has been appointed to operate and adrninister the new Ministry Area.
The members of the team for 2023 were as follows: Revd Rebecca Stevens (Ministy Area Leader), Revd
Justin Groves (Team Vicar), Revd Matt Sellers (Non Stipendiary Minister), Revd Elizabeth Houghton (Team
Vicar), Revd Dawn Lindsay (Associate Curate), John Lipscomb (Licensed Lay Minister), Trevor Newqnan
(Chair), Rachel Mitchell (MA Vicar's Warden), Nicola Gibbons (MA People's Warden), Revd Frances Jones
(Permission to Officiate), Revd Chris Watkins (Permission to Officiate), Revd Henry Davies (Pennission to
ofjriciate) and Revd Richard Mulcahy (Associate Priest).
Each individual Church has its own local wardens, a treasurer and safeguarding officer together with other
members who constitute five local church sub-groups.
Worship in the five churches is led by one of the Ministry team assisted by a variety of lay people who also
assist with administration and the various groups and activities organised in the Ministry Area and who serve
on various sub-committees.
The Ministy Area employs two people in the capacities of Administrative Assistants.
The Trustees are grateful to the Ministry Team, the local church officials and to all the lay people who
contribute their time and talents so generously.
Related parties
The MinÉstry Area, while being a separate registered Charity, is part of the Diocese of Monmouth within the
Church in Wales.
Risk management and review
The Trnstees regularly review the risks identified and put policies and measures in place to mitÉgate these
risks. The safeguarding policy is rev Aewed and renewed annually at the AGM.

NEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR TFIE YEAR ENDED 31 DECEMBER 2023
Objects and Activities
The objects of the Charit! are the promotion of ihe M,hole mission of the Church, pastoral, evangelistic, soLial
and ecumenical: in the Ministy Area.
In all their decisions regarding the ivork of the Charity, the Trustees have complied with their duty to have due
regard to the Chaiiti, Commission's public benefit guidance when exercising any powers or duties to which
the guidance is relevant.
The main activities undertaken for the public benefit are as follows..
Regular services of worship hcld in each Church
Regular services held on Zoom.
Bible Study Groups
Discipleship Groups
Various regular services, assemblies, pastoral and outreach activities with several local schools, both primary
Id secondary.
Monthly All Age services also involving pupils from schools.
In support of mission, the Charity has supported the local foodbank, established swap shops at St Stephen's
and St Mary's to encourage sustainability and reflect the cost-of-living crisis.
Worldwide and local charities have been supported through fundraising and donations.
All Saints,, St David's, St imark's and St Mary's have continued to develop their link with churches in the
Highveld Diocese.
St David's has developed a satellite service once a quarter held in Millbrook Care Home.
A Dementia cafe is run at St Mary's.
A hospicc service is held in St Mary's weekly for those who have lost loved ones to cancer.
St Stephen's delivered bags of hope to Pill at Christmas.
All Saint's, St Davld's, St Mark's and St Mary's delivered Christmas presents to families in need.
There has been work done by volunteers in order to nurture and preserve the environment in order to work
towards becoming an Eco Ministy Area. With All Saint's, St David's, St Mary's and St Stephen's gaining the
silver award and St Mark:s gaining the bronze award.

'EWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDID 31 DECEMBER 2023
Achievements and performance
I"he activities of the Ministry Area, desci'ibed above, have been robustly and successfully sustained throughout
the period and continue to develop and respond to local needs.
The activities in the period I'eflect the on-going recovery from the adverse effects of the Covid-19 pandemic.
While all Sunday and mid-week services have resumed, we will continue to explore virtual church services,
blended worship: and physical services. However, what is certain is that we will need to rebuild and recentre
as we go forwards.
The financial statements show that congregations have been generous with fundraising ￿]d financial giving
in order to keep the local churches solvent and to pay the share to the Diocese and to give generously to
charities, both local and worldwide, in fulfilment of mission. This has been hard to honour at times and so
heartfelt thanks go to all who have generously supported all these activities.
The Trustees extend grateful thanks to all who have helped on the journey of faith in this Ministry Area, and
to those who use their gifts and time to support the ongoing work.
Risk management and revieiv
The Trustees regularly revieThT the risks identified and put policies and measures in place to mitigate these risks.
Financial Review
The Ministy Area's operation during the year showed an excess of expenditure over income of £73,349 which
was mitigated by gains on investment assets of £14,418 so that reserves were depleted by £58,930 overall.
The total funds on 31" December 2023 stood at £418,942.
Reserves Policy
Our policy is to keep a reserve sufficient to cover costs for a period of between 12 and 18 months in order to
be able to sustain the work Of the Charity.
Approved by the Trustees of Newport North West MinÉstry Area
and signed on their behalf by..
Revd Rebecca Stevens (Ministry Area Leader)
Dated.. 16 April 2024
Trevor Newman (Chair)
Dated: 16 April 2024

TEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR EINIDED 31 DECEMBER 2023
Independent Examiners, Report to the Trustees of Nem'port North West
Ministry Area
We report on the accounts of the Charity (number 1137115) for the year ended 31 st Deccmber 2023 set out
on pages 7 to 17.
Respective responsibilities of Trustees and Examiners
The Charity's Trustees are responsible for th¢ preparation of the accounts. The charity's trustees consider that
an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an
independent examination is needed.
It is our responsibilitv to..
examine the accounts under section 145 of the 201 l Act.
foIlow the procedures laid down in the General Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to our attention.
Basis of independent examiners, statement
Our examination was carried out in accordance with the 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 you as 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 És
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 examiners, statement
In connection with our examination, no matter has come to our attention:
which gives us reasonable cause to believe that, in any matcrial respect, th¢ requirements..
to keep accounting records in accordance with section 130 of the 201 l Act. and
to prepare accounts which accord with the accounting records and comply with the accounting
requiretnents of the 201 l Act.
have not been met. or
2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reachcd.
YLE SAGE LLP
Chartered Accountants
21 Gold Tops,
Newport, NP20 4PG
Date:
16 April 2024

NEWPORT NORTH NVEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Financial Activities
Unrestricted Restricted
funds
funds
Total Prior J'ear
funds total funds
Income and endowments from:
Donations and legacies
Income from charitable activities
Other trading activities
Investments
163:119.36 27,046.71 190,166.07 209,491.58
13,520.00
200.00 13,720.00 11,931.44
36,474.51
196.93 36,671.44 34,174.67
7,535.55
7,535.55 6.431.25
Total income
220,649.42 27,443.64 248,093.06 262,028.94
Expenditure on:
Raising funds
Expenditure on charitable activities
25.99
25.99
280,392.83 41,022.93 321,415.76 345,047.26
Total expenditure
280,418.82 41,022.93 321,441.75 345,047,26
Net income / (expenditure) resources before transfer (59,769.40) (13,579.29) (73,348.69) (83,018.32)
Transfers
Gross transfers betwcen funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gainsllosses on investment assets
31,300.62 9,701.78 41,002.40 38,442.81
(29,754.19) (11,248.21) (41,002.40) (38,442.81)
13,768.33
650.29 14,418.62 23,087.18
Net movement in fullds
(44,454.64) (14,475.43) (58,930.07) (59,931.14}
Total funds brought forward
416,420.89 61,451.53 477,872.42 537,803.56
Total funds carried forward
371,966.25 46,976.10 418,942.35 477,872.42

NF.WPORT NORTH WE4 ST MINISTRY AREA
FINANCIAL STATEMF.NI TS FOR THE YEAR ENDED 31 DECLMBER 2023
Balance Sheet (Summary)
Asat
3111212023
Asat
3111212022
Current assets
Debtors
Investments
Cash At Bank And In Hand
10,903.52
263,172.65
183.390.47
7,713.04
268,754.03
239,094.64
457,466.64
515,561.71
Liabilities
Creditors: Amowits Falling Due In One Year
38,524.29
37,689.29
38,524.29
37,689.29
Net current assets less current liabilities
418,942.35
477,872.42
Total assets less current liabilities
418,942.35
477,872.42

,NEWPORT.NORTH WEST Mlh'ISTRY AREA
FINANCIAL STATEMEINTS FOR THE YEAR ENDED 31 DECEMBER 2023
Represented by
Unrestricted
Unrestricted - General Funds
Designated
Designated - Church Maintenalice Fuiid
Designated - St David's Common Investment Fund
Designated - St Mary's Capital Investment Fund
Designated - St Mary's Common Investment Fund
Designated - St Paul's & St Stephen's Refurbishment Fund
Restricted
Restricted - All Saints Building & MaÉntenance Fund
Restricted - All Saints Churchyard Fund
Restricted - All Saints In Memorium Fund
Restricted - All Saints Legacy
Restricted - Chancel Repair Fund
Restricted - Church Mission Fund
Restricted - St David's Community Fund
Restricted - St Mary's Chancel Repair Fund
Restricted - St Mary's Mission Fund
Restricted - St Paul's & St Stephen's Community Blessing Fund
Restricted - St Paul's & St Stephen's Foundry
Restricted - St Paul's & St Stephen's Pastoral Emergency Fund
Restricted - St Paul's & St Stephen's Refurbishment Fund
82,670.11 115,313.08
20,179.02
20,179.02
96,908.50
91,892.06
14,587.00
14,587.00
157,621.62 168,869.7)
5,580.00
2,371.38
2,458.10
3,628.70
1,856.49
7,858.76
8,132.45
7,847.56
723.80
4,741.35
1,221.82
1,589.11
167.91
4,378.67
2,313.97
2.458.10
3,628.70
7,575.70
7,325.39
9,589.64
606.88
140.00
1,281.82
1,589.11
75.11
24,867.11
Fund Totals
418,942.35 477,872.42

'EIVPORT NORTH WEST MINISTRY AREA
FINANCIAL STATFMENTS FOR THE YEAR E￿,DED 31 DECEMBER 2023
Analysis of income and expenditure
Total
Unrestricted Designated Restricted This year Last vear
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Standing Order Planned Giving
Occasional Giving via Bank
Gift Aid Envelopes - Occasional
Gift Direct
Other planned giving
Weekly envelope planned giving
Special Service Giving Envelopes
Loose plate offering
Offerings - Weddings
Offerings - Baptisms
Offerings - Funerals
Gift day receipts
Wall safe / box donations
One off Gift Aid donations
Donations appeals etc
Contactless Donations
Mission Boxes
Other collectionslinission appeals
Recovered HMRC Gift Aid receipts
Recovered HMRC GASDS receipts
Recov¢red Gift Direct Gift Aid
Legacies
Non-recurring one-off grants
57,215.00
1,723.71
174.40
11,451.83
95.00
20,079.06
107.00
10,107.45
59.62
350.19
1,437.09
397.00
325.00 57,540.00 52,686.00
350.00
2,073.71 3,877.53
174.40
130.00
48.55 11.520.36 11.677.87
95.00 1,172.00
20,079.06 21,424.19
107.00
10,107.45 7,363.17
59.62
501.02
350.19
432.94
1,437.09 2.070.37
397.00
2.81
10.46
750.00
750.00 1,000.00
14,374.32 35,584.85 28,303.05
62.93
5,502.68 2,536.92
15,00
284.12 3,956.98
27,792.42 27,277.31
3,263.15 2,460.04
944.25 2,403.41
26,100.32
11,033.59 12,100.91 14,093.00
19.98
2.81
21,210.53
5,439.75
284.12
27,792.42
3,160.83
944.25
102.32
1,067.32
Donations and legacies Totals
163,099.38
19.98 27,046.71 190,166.07 209,491.58

NEWPORT NORTH WEST MIINISTRY AREA
FIIN'ANCIAL STATEMENTS FOR THE Yll AR ENDED 31 DECEMBER 2023
Income from charitable activities
Wedding fee
Funeral fee
Burial fee
Memorial fee
1,970.00
10.724.00
176.00
650.00
1,970.00 2,234.44
10:724.00 7;648.00
176.00 1.142.00
850.00
907.00
200.00
Income from charitable activities lotals
13,520.00
200.00 13,720.00 11,931.44
Other trading activities
Fund raising
Hall Rental Income
Magazine/other publication sales
Sundry incoine
7,738.52
20,751.50
181.00
7,919.52 2,896.78
5,00 20,756.50 15,757.62
6.00
707.74
119.28
10.93
130.21
Church Building Rental
MAIParish share rebate
1,064.50
6,800.71
1,064,50
6,800.71 14,806.53
Other trading activities Totals
Investments
Dividendslinvestment income
Bank and building society interest
Rent from investment land or buildings
Investments Totals
36,474.51
196.93 36,671.44 34,174.67
6,357.04
928.51
250.00
6,357.04 5,276.96
928.51
654.29
500.00
250.00
7,535.55
7,535.55 6,431.25
Income and endowments Grand totals
220,629.44
19.98 27,443.64 248,093.06 262,028.94

NEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
EXPENDITURE ON:
Raising funds
Costs of fund raising
25.99
25.99
Raising funds Totals
25.99
25.99
Expenditure on charitable activities
Flowers
Diocesan share
Clergy expenses
Professional development & training cost
Maintenance of services
Costs of vergers, organists and choir
Music & perfomiance expenses
Music Instrument Tuninglmaintenance
Costs of digital services
Costs of Copyright License
Costs of meetings
Bank and Credit Card Charges
Cost of printing, post, and stationery
MA - telephone/mobile/internet
Office and general expenditure
Admin/Staff Salary
Leasing and Hire purchase charges
Professional Fees
IE/Audit and accountancy fees
Gifts to indÉviduals
Admin/Staff Expenses
Adminlstaff Equipment
MA/LMA central costs
Church operating costs - insurance
Church operating costs - electricity
Church operating costs - gas
Church operating costs - water
Church operating costs - other
Church repairs and maintenance
Church Cleaning
Church operating costs - telephonelinternet
Church operating costs- fire & alaTm equip.
Churchyard management costs
545.87
135,517.46
10,367.37
12.00
545.87
488.11
135,517.46 173,127.64
10:367.37 9,227.28
12.00
1,840.93 1,410.59
2,614.40 3,482.74
529.74 1,429.26
558.00
693.84
666.85
597.30
579.31
1,049.14
755.10
608.10
695.00
2,136.52 1,337.43
374.82
985.66
1,226.04
790.13
16,976,79 16,669.01
744.87
993.16
2,721.00 1,652.00
2,984.00 1,200.00
275.00 1,069.99
4,32
118.80
587.74 3,747.59
6,874.78 6,249.29
17,352.89 7,754.19
8,236.72 6,252.69
322.38
393.37
1,120.30 1,325.11
21,767.08 19,764.97
5,241.08 5,801.45
1,720.34 1,508.54
525.00
71.68
5,500.00 14,676.93 10,417.99
1,840.93
2,614.40
529.74
558.00
693.84
597.30
1,049.14
608.10
2,136.52
374.82
1,226.04
16,976.79
744.87
2,451.00
2,984.00
275.00
270.00
587.74
6,874.78
17,352.89
8,236.72
322.38
1,120.30
21,767.08
5,241.08
1,720.34
525.00
9,176.93
12

NEWPORT I¥ORTH WEST MINISTRY AREA
FIINANCJAL sTATfME￿.TS FOR THE YEAR EINDED 31 DECENIBER 2021
Church hall operating costs - other
Church hall operating costs - electric
Church haIl operating costs - gas
Chui'ch hall opeiating costs - insurance
Church hall costs - repairs/maintenance
C.liurLh hall operating costs - water
ChurLh hall - equipment repair & renewal
Church hall operating costs - cleaning
Other propety repairslmaintenance
Churchyard grass cutting
Churchyard memorial costs
Major buildiiig repairs and renovations
Children & young people activity costs
Cost of church publications
Cost of mission & evangelism
Other costs of parish mission work
Support of diocesan projects
Support of churLh charities & projects
Support of UK charities
Support of international mission & projects
Expenditure OD charitable activities 274,792.85 5,599.98 41,022.93 321,415.76 345,047.26
Expenditure Grand totals
0.20
3,294.84
0.20
156.93
3,294.84 1.333.55
2,52
1.940.27 1,741.06
1:358.63 32,694.81
-341.83
117.71
21.00
60.00
3,513.99 2,195.06
815.97
1,149.60 1,463.23
76.90
1,940.27
1,358.63
341.83
21.00
3,513.99
815.97
1,149.60
1,110.00 5,599.98 22,488.44 29,198.42
347.03
347.03
565.67
59.29
725.28
500.92
1,267.82
13.34
8,838.82 10,106.64
13.34
192.91
747.81
192.91
2,781.87 7,997.17
2,725.85 8,232.66
2,814.94 7,155.25
2,034.06
40.00
1,851.61
2,685.85
963.33
274,818.84 5,599.98 41,022.93 321,441.75 345,047.26
13

NEWPORT N'ORTH WEST MINI ISTRY AREA
FINANCIAL STATEMENTS FOR THI YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, whicli is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitles: Statement of
Recommended Pi"actice applicable to charities preparing their accounts in accordance with the financial
Reporting Standard applicable in the UK and Republic of Ircland (F'RS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the c.harities Act 2011. The financial statements have been prepared under the historical Gost
convention.
Income
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
The charity becomes entitled to the resources.
The trustees are virtually certain they will receive the resources. and
The monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the
resources.
Tax reclalms donations and gifts
Incoming resources frorn tax reclaims are included in the SOFA at the same time as the gift to which they
relate.
Investment income
This is included in the accounts when receivable.
Investment gains and losses
This includes any gain or loss on the sale of investinents and any gain or loss resulting from revaluing
investments to market value at the end of the year.
14

NEWPORT INORTH WEST IIIIINISTRY AREA
FIfs:ANCIAL STATENqENTS FOR TIIE YEAR ENDED 31 DECEM.BER 2023
Expenditui'e
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation Lommitting the
charity to that cxpenditure, it IS PTobabl¢ tbat a transfer ol- economic benefits will be required in settlement
and ihe amount of tlie obligation can be measured reliably. Expenditure is accounted for on an accruals basis
and has been classified undcr headings that aggregate all costs related to the category. WheTe costs Ciannot be
directly attributed to particular Iieadings, they have been allocated to activities on a basis consistent with the
use of resources.
Tangible fixed assets
The church buildings, their contents and the Lhurchyards within the Ministry Area are vested in the
Representative Body of the Church in Wales and do not form part of the assets of the Ministry Area.
Paid employees
Staff Costs
2023
2022
Gross wages, salaries and benefits in kind
Employer s National Insurance costs
Employer's Peiision costs
Total staff costs
24.138.36
0.00
225.24
24.057.03
28.75
85.80
24,363.60
24,171.58
Included in the above figures are the wages of cleaners which have been included in the accounts in church
and church hall cleaning headings. Administrative wages (net of Ministry Area grants) have becn shown in
Adminlstaff salaries.
The average number of full-time equivalent employees in the period was 2.
15

IYFWPORT NORTH WEST MINISTRY AREA
FJNANCIAL STATEMENTS FOR THE YEAR E￿,DED 31 DECE,MBER 2023
Investmellt assets
Current assets investments
2023
2022
Carrying value {2022 - cost) at beginiiing of period
Add items omitted froin 2022 accounts in en"or'.
St Mary's Common Inv. Fund - RBCIW Chancel Repair Fund
St Mary's Reed bequest- RBCIW
268,087.18
245,000.00
606.88
59.97
268,754.03
245,000.00
Less.. disposals at carrying value
20,000.00
0.00
248,754.03
245,000.00
Addl(deduct).' net gain/(loss) on revaluation
14,418.62
23,087.18
Carrying (market) value at end of period
263,172.65
268,087.18
The current asset investments consist of amounts placed into the churcli in Wales Common Investment Fund
and their market value at the end of the period is as follows:
2023
2022
St Mary's Common Inv. Fund - RBCIW
St David's Common Inv. Fund - RBCIW Chancel Repair Fund
St David's Common Inv. Fund - RBCIW
St Mary's Common Inv. Fund - RBCiW Chancel Repair Fund
St Mary's Reed bequest - RBCIW
Total
157,621.62 168,869.73
7,858.76
7,325.39
96,908.50
91,892.06
723.80
59.97
263,172.65 268,087.18
Debtors and prepayments
2023
2022
Gift aid claiins arising during the y¢aT received in 2024
Ministry area rebate relating to the yeai. received in 2024
Total
9,209.55
1,693.97
5,929.91
1,783.13
10,903.52
7713.04
16

NEIVPORT INORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR'fHE YEAR ENDED 31 DECEMBER 2023
Creditors and accruals
2023
2022
Clergy expenses relating to the period paid after 31 December 2023
Ministry area share relating to the year paid after 31 December 2023
Independent Examiner's fees
Balance of Ministry Area grant carried forward
Total
498.48
33,879.39
1,800.00
2,346.42
826.79
35,662.50
1,200.00
38,524.29
37,689.29
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds have been set aside by the trustees out of general funds for particular purposes. They may
be withdrawn from designated funds at the discretion of the trustees to be used in the general charitable
objectives of the trust.
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 particular restricted purposes.
Details of the nature and pU￿oSe of each fund is included in their nomenclature in the financial statements.
17