NEWPORT NORTH WEST
MINISTRY AREA
Report and Financial Statements for the year ended 31 December 2024
CHARITY NO. 1137115

NEWPORT IYORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Contents
Contents .
Report of the Trustees for the Year ended 31st December 2024.......
Independent Examiners, Report to the Trustees of Newport North West MiDlStry Area .....................
Statement of Financial Activities.......................
Balance Sheet (Summary) ...................... ...... ... . .
Analysis of income and expenditure..................................
.10
Accounting Policies.......
.14

NEWPORT NORTH WEST MINISTRY AREA
INANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NEWPORT NORTH WEST m￿lSTRy AREA
Report of the Trllstees for the Year ended 31st December 2024
THE TRUSTEES PRESENT THEIR RBPORT TOGETHER WITH TFtE FfNANCIAL STATEfvIENTS OF THE CHARITY FOR THE
ST
YEAR ENDED 31 DEcE￿[BER 2024. THE FtNANCIAL sTATE￿￿NTs HAVE BEEN PREPARED tN ACCORDANCE WITH
THE ACCOUNTING POLICIES SET OUT IN THE NOTES AND CONfPLY WITH THE CFL4RiTY'S CONSTITLrrioN AND
APPLICABLE LAW
Legal and administrative information
Charity Registration Number: 1137115
Address
The Vicarage, Llanover Close, Malpas, Newport, NP20 6GQ
st
Trustees: Trevor Nemrynan (Chair), Revd Rebecca Stevens (retired 31 December 2024), Revd Kevin Hasler
(from 24 JLine 2024), Revd Jiistin Groves, Revd Elizabeth Houghton, Revd Richard Mlilcahy, Paiil Phillips,
Liicy Groves, Susan O'Brian, Siisan Ball, Rose Tate, Gareth Woodman, David Slocombe, Rachel Mitchell,
st
Jobn Lipscomb, Nicola Gibbons, , Mary Lovell, Louise Jenkins, Sarah Miilcahy (from 21 May 2024),
Administrator.. Rebecca Gibbons
Independent Examiner
Guilfoyle Sage LLP
Chartered Accoimtants
21 Gold Tops
Newport
South Wales
NP20 4PG

NEWPORT NORTH NVEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Strtscture, Governance and Management
Governing Document-
Constitution adopted by the Church in Wales on 31 March 1920 as amended on 23 January 2022
Recru'itment and appoirAtment 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 froni amongst the five congregations having due regard to their individual skills.
Organisational structure
A minÉstry team has been appointed to operate and administer the new Ministry Area.
The members of the team for 2024 were as follows: Revd Rebecca Stevens (Ministry Area LeadeT), Revd
Justin Groves (Team Vicar), Revd Elizabeth Houghton (Team Vicar), Revd Dawn Lindsay (Associate
Curate), John Lipscomb (Licensed Lay Minister), Trevor Newman (Chair), Rachel Mitchell (MA Vicar's
Ward¢n), Nicola Gibbons (MA People's Warden), Revd Frances Jones (Pennission to Officiate), Revd Chris
Watkins (Perrnission to Officiate) and Revd Kevin Hasler (from 24 June 2024).
Each individual Church has its own local wardens, a treasurer and safeguarding officer together with other
members who constitute five local church sub-groiips.
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 s¢rve
on various sub-committees.
The Ministry Area etnploys 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
contribiite their time and talents so generously.
Related partie$
The Ministy Area, while being a separate registered Charity, is part of the Diocese of Monmouth within the
ChLirch in Wales.
Risk management and review
The Trustees regiilarly review the risks identified and put policies and measiires in place to mitigate these
risks. The safeguarding policy is reviewed and renewed annually at the AGM.

NEWPORT NORTH WEST MINISTRY AREA
FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Objects and Activities
The objects of the Clwity are the promotion of the whole mission of the Church, pastoral, evangelistic, social
and ecutnenical, in the Ministy Area.
In all their decisions regarding the work of the Charity, the Trustees have complied with their duty to bave due
regard to the Charity Commission's public benefit guidance when exercisÈng any powers or duties to which
the guidance is relevant.
The main activities undertaken for the public benefit are as follows:
Regidar services of worship held in each Church
Bible Study Groups
Discipleship Groups
Various regular services, assemblies. pastoral and outreach activities with several local schools, both primary
and secondary.
In support of mission, the Charity has siipported the local foodbank, established swap shops at St Stephen's
and St Mary's to encourage siistainability and reflect the cost-of-living crisis.
Worldwide and Iocal charities have been supported through fiindraising and donations.
All Saints,, St David's, St Mark's and St Mary's have continued to develop their link with chlirches in the
Highveld Diocese.
St David's has developed a satellite service once a quarter held in Millbrook Care Home.
A Dementia café is run at St Mary's.
A hospice 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 and siipports asyliim-seekers, refugees and the
homeless with food and equipment, and provides community events to foster unity.
All Saint's, St David's, St Mark's and St M&ry's delivered Christmas presents to families in need.
There has been work which has continiied to be done by voll￿teerS in order to nurture and preserve the
¢nviroDment in order to work towards becoming an Eco Ministry 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.

NEWPORT NORTH WEST MINISTRY AREA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
The activities of the Ministry Area, described above, have been robustly and successfully sustained throughout
the period and continue to develop and respond to local needs.
Church congregations continue to show recovery since the impact of the Covid-19 pandemic but have not
reached pre-covid levels. However, all Sunday and mid-week services have resumed, we will continue to
rebuild and recentre as we go forwards.
The financial statements show that congregations have been generous with ￿ndraISing and financial giving
in order to keep the local churches solvent and to pay the Ministy Area 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 tharLks 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 revie
The Trustees regularly review the risks identified and put policies and measures in place to mitigate these risks.
Financial Review
The Ministry Area's operation during the year showed an excess of exp¢nditure over income of £25,927 which
was mitigated by gains on investment assets of £14,693 so that reserves were depleted by £11,234 overall.
The total flinds on 31 December 2024 stood at £407,708.
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 Sustsin the work of the Charity.
Approved by the Trustees of Neyort
and signed on their
ehalf by:
rth West Ministry Area
Revd Keven Hasler ( Acting Ministy Area Leader)
Datcd:
Trevor Newman (Chair)
Date

NEWPO
TNO
WEST MIP41STRY AREA
FINIINCIAL STATEMENTS FOR T
YEAR ENDE
31 DECE
BER 2024
Independellt Ex
Ministry Area
ort to the Trustees of Newport Nort
est
We rep)rt on the aexounts of the Charity (number 1137115) for the year ended 31 sl December 2024 set out
on pages 7 to 17,
Respective responsibilities of Trustees and Exallniners
The Charity's TrLlStees are responsible for the preparation of the accounts. The charity's tnLStees consider that
an audit is not reqiiired for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an
iudependent examillation is needed.
It is our responsibility to:
examine the accoimts under section 145 of the 201 l Act;
follow the procedures laid down in the General Directions given by the Charity Commission l￿der
section 145(5)(b) of the 2011 Act. and
stste whether particular matters have come to our attention.
Basis of independent examDDers' statement
Our examination Was carried oiit in accordance with the General Directions given by the Charity Commission.
An examination includes a rcview ot. the accounting records kept by the Charity and a comparison of th¢
acc4)unts presented with those rec()rds. It also includ¢s consideration of any UllUsi￿1 items or disclosures in
the accounts and strking explanations from you as TnL8tees conceming any such matters. The procediires
Imdertaken do not provide all the evidence that would be required in an aiidiL and consequently no opinion 13
given as to whether the accounts present a 'true and fair view, and the report is litllited to those n]atters s¢t out
in the statement below.
Independellt examiners, state￿ellt
In connection with our examination, no matter has come to our attention..
which gives us reasonable cawe to believe thaL in anj material respect, Ibe requirements".
to keep accoimting 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
requirements of the 2011 Act;
have not been met. or
2. to which, in our Opinio￿ attention should be drawn in order to enable a proper understanding of the
accounts to be reachLa
GLIILFOYLE SA
Chartered Accountants
21 Gold Tops,
Newport, NP20 4PG

NEWPORT NORTH WEST MI
ANCIAL STATEMENTS FO
IST
Y AREA
THE YEAR ENDED 31 DECEMBER 2024
Statement of Financial Activities
Unrestricted
nds
estricted
flllnds
TotaR Prllor year
funds
total fvnds
Income and endowmellts from:
Donations and legacies
Income from charitable activities
Other trading activities
Investhients
197,501.49
14,326.00
39,259.59
7,292.65
8,483.24
205,984.73 190,166.07
14,326.00
13,720.00
36,671.44
44,676.59
7,535.55
7,427.58
5,417.00
134.93
T4)tal iDcome
258 J79.73
14,035.17 272,414.90 248,093.06
Expenditure on:
Raising fiLnds
Expenditure on ¢haTitable activities
diture
25.99
20,600.93
298,342.30 321,415.76
20,600.93 298,342.30 321,441.75
277,741.37
Totsl expe
277,741.37
Net iDcome J (expeDdRturc) resources before
(19,361.64) (6,565.70 (25927.40) (73 J48.69)
Transfers
Gross transfers between fimds - in
Gross transfers between funds - out
Other reco
ised garills l Rosses
Gainsnosses on investsnent assets
10,000.00
(16,915.00)
6,915.00
16,915.00 41,002.40
(16,915.00) (41,002.40)
l4,193.19
500.20
14,693.39
14,418.62
Net movenuent f￿lldS
(12,083.45)
849.44 (11,234.01) (58,930.07)
Total bro
t forward
371,966.25
46976.10 418,942.35 477,872.42
Total funds ¢arried forward
359,8
2.80
25.54
407,7Q
34 418,942.35

EWPO
ORT
WEST MINISTRY
ADICIAL STATEMENTS FO
THE YE
Ef¥DE
31
ECEMBER 2024
alance S
eet (Summary)
Asat
31112/2024
Asat
31/1212023
Cllrrent assets
Debtors
Investments
Cash At Bank Alld In Hand
13,535.51
267,866.04
162,150.03
10,903.52
263,172.65
183,390.47
Liabilities
Creditors: Amounts Falling Due In One Year
443,551.58
457,466.64
35,743.24
38,524.29
35,743.24
38,524.29
Net current assets less currellt liabilities
407,708.34
418,942.35
Total assets less current liabiRllties
407,70
.34
418,942.35

rrfEWPO
FINANCIAL STATE
ST
NIST
ENfs FO
THI YEAR E
2024
DED 31 DECEM
Asat
3111212
Asat
3111212023
Represented by
Ilnrestricted
Unrestricted - General Funds
Designated
Desi￿ated - Church Maintenance Fund
Designated - si David's Common Investment Fund
Designated - St Mary's Capital Investm¢nt Fund
Designated - St Mary's Common tnvesiment Fund
DeSI￿led - St Paul's & St Stephen's Refurbishment Fund
Designated - St Mary's Mission Fund
R&*trlcted
Restrict￿ - All Saints Building & Maintenance Fund
Restiicted - All Saints Churcbyard Fund
Restricted - All Saillts In Meroorium Fund
Restrlcted - 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 Fimd
Restricted - St Paul's & St Stephen's Conllnwiity Blessing Fund
Restsicted - St Paul's & St StepheD'S Foundry
Restsicted - St Paul's & St Stephen's Pastoral Emergency Fund
Restricted - St Paul's & Si Stephen's Refurbishment Fund
Fund Totals
82,670.11
63,997.38
20,179.02
96,908.50
14,587.00
157,621.62
19,205.11
102,772.62
17,916.00
156,450.89
141.00
2,506.31
2,458.10
3,628.70
1,856.49
7,858.76
8,132.45
7,847.56
723.80
4,765.68
921.82
1,589.11
660.36
4,376.20
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
407,708.34
418,942.35

WEST MI
TSF
ISTRY AREA
THE YE
FINAN
TATE
ED31
ECEMBE
2024
Analysls of i
ea
enditure
Total
Unrestricted
esignated Restrllcted This year Last year
INCOME AE4ID END
Donatiolls and legaeies
Standing Order Planned Giving
Occasional Giving via Bank
Gift Aid Envelopes - Occasional
Gift Direct
Other planned givino
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 Dollations
Mission Boxes
Other coIlectionslrnission appeals
Recovered HMRC Gift Aid receipts
Recovered HMRC GASDS receipts
Recovered Gift Direct Gift Aid
Legacies
Non-reciirring one-off grants
WMENTS FROM:
55,128.00
11,377.69
145.00
10,541.77
100.00 55,228.00 57,540.00
5,200.00
16,577.69 2,073.71
145.00
174.40
10,921.10 11.520.36
95.00
22,208.02 20,079.06
107.00
10,582.94 10,107.45
93.83
59.62
587.77
350.19
854.69 1,437.09
3,686.78
397.00
15.00
2.81
20.00
750.00
14,174.70 35,584.85
1,489.85 5,502.68
130.26
1,685.00
284.12
22,665.94 27,792.42
3,228.14 3,263.15
8,190.02
944.25
10,500.00
23,000.00 12,100.91
379.33
22,208.02
10,452.94
93.83
587.77
854.69
3,686.78
15.00
130.00
20.00
1,181.00 1,961.65
11,032.05
1,489.85
130.26
62.00
1,623.00
22,665.94
3,228.14
8,190.02
10,000.00
1,000.00 22,000.00
500.00
DonatioDs and lle¢yaclles Totals
174,320.49 23,181.00 8,483.24 205,984.73 190,1
Io

NEWPO
TH WEST MINIST
Y AREA
FINANCIAL STATEME
TSFO
THE YE
ENDED 31 DECEMBER 2024
In¢ome from ¢haritable activities
Wedding fee
Publication of Banns
Funeral fee
Burial fee
Memorial fee
2,845.00
85.00
10,642.00
544.00
210.00
2,845.00
85.00
10,642.00
544.00
210.00
1,970.00
10,724.00
176.00
850.00
Income fr(pm cbaritable 14,326.00
14,326.0
13,72q).lJO
Other trading activRties
Fund raising
Hall Rental Income
Other funds
Magazinelother
publication sales
8,610.70
21,247.90
15.62
42.00
5,417.00
l4,027.70
21,247.90
15.62
42.00
7,919.52
20,756.50
1.00
1,279.44
Sundry income
1,278.44
130.21
Church Building rent
Ministy share rebate
810.00
7,253.93
810.00
7,253.93
1,064.50
6,800.71
Otber trading
39,258.59
1.00
5,417.00
44,676.59
36,671.44
lllllvestmellts
Dividends/investment
Bank and building
Rent from invest land
6,410.54
609.11
273.00
6,410.54
744.04
273.00
6,357.04
928.51
250.00
134.93
Investments Totsls
7,292.65
134.93
7,427.58
7,535.55
Illconie totals
235,197.73
23,182.00
14,035.17
272,414.90
,093.06

NEWPORT NO
IITST MIF41STRY AREA
FINIlTrlCL4L STATEMENTS FOR T
E YEAR EDIDED 31 DECEMBER 2024
EXPENDITlnlE ON:
Raising funds
Costs of ￿lld raising
25.99
Raisillg funds Totals
Expellditure OD cbaritable activities
Flowers
Diocesan slwe
Clergy expenses
Professional development & training
Maintenance of services
Costs of vergers, organists and choir
Music & perforniance expenses
Music InstrLiment Timing/Maintenance
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
Adminlstaff Salary
Leasing and Hire piuchase charges
Professional Fees
IE/Audit and accountancy fees
Gifts to individuals
Adminlstaff Expenses
Adtnin/Staff EquipLllent
fvL41LThLI celltral costs
Church operating costs - insurance
chi￿ch operating costs - electricity
Chiwch operating costs - gas
Church operatino costs - Trvater
Chitrch operating costs - other
Chiwch repairs and maintenance
Church Clealling
chi￿ch operating costs -
Church operating costs - fire & alam
Chi￿chyard management costs
25.99
19
127,037.92
9,735.63
19
127,037.92
9,735.63
545.87
135,517.46
10,367,37
12.00
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
2,721.00
2,984.00
275.00
2,970.12
2,492.47
270.00
558.00
1,469.53
1,154.12
821.40
566.97
888.26
896.97
3.036.41
18,311.28
I,l95.87
1,171.06
1,980.00
267.38
2,970.12
2,492.47
270.00
558.00
1,469.53
1,154.12
821.40
566.97
888.26
896.97
3,036.41
18,311.28
1,195.87
1,171.06
1,980.00
1,046.88 1.314.26
34.61
34.61
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
14,676.93
8,980.81
12,134.80
7,554.61
588.46
1,172.59
7,398.51 22,645.91
5,881.53
5,513.54
709.74
945.00
8,980.81
12,134.80
7,554.61
588.46
1,172.59
30,044.42
5,881.53
5,513.54
709.74
7,145.00 8,090.00
12

RTN
C￿L ST
TH WEST MINISTRY AREA
ENTS FO
THE YEAR ENDED 31 DEC
2024
Chiwch hall operating costs - Other
Church FMII operating costs - electric
chi￿ch hall operating costs - gas
Church hall operating costs - InSi￿anCe
Church hall costs - repairslmaintenance
Church lllll operating costs - water
Church hall - equipment repair &
Church hall operating costs - cleaning
Other property repairs/maintenance
Other property - water
Churchyard grass cutting
Churchyard memorial costs
Major building repairs and renovations
Children & young people activity costs
Cost of church publications
Cost of mission & evangelism
Cost of maintaining websites, socials
Other costs of parish mission work
Support of diocesan projects
Support of church charities & projects
Support of UK charities
Support of inteni'l mission & projects
xpetoditure ollll cbaritable activities 247,055.46 30,6
EipeJLditure Gralld totals 247,055.46 30,6
0.20
3,294.84
4,971.60
4,971.60
1,479.75
3,812.67
153.56
1,479.75
3,812.67
153.56
I,940.27
1,358.63
341.83
21.00
3,513.99
815.97
3,527.02
120.00
133.66
1,140.00
3,527.02
120.00
133.66
1.140.00
1,149.60
6,389.72 6,389.72
207.55
29,198.42
347.03
207.55
4,373.43 8.040.00 202.33 12,615.76
414.63
414.63
10,106.64
13.34
192.91
2,781.87
2,725.85
2,814.94
950.1)0
15.00
300.00 1,250.00
5,517.00 5,532.00
5.91 20,6(D0.93 29
5,91 20,6fjMb.93 298,342.30
J42.30
321,415.76
321,441.75
13

NEWPORT
ORT
WEST
NIST
FINANCLAL STATEMENTS FO
YAREA
EYEA
31 DECE
2024
ACCOUNTING P
LICIES
Baslls of preparing the fiDaysciaJ statenkents
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reportino by Charities: Statement of
Recollllnended Practi¢e applicable to cl]arities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effcctive l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard appliLable in the UK and Republic of
Ireland, and the Clwities Act 2011. The financial statements have been prepared imder the historic￿ cost
conventioll.
IllcoRklle
e¢ognitllOll of lnco1nll￿g resollr¢es
These are included in the Statement of Financial Activities (SOFA) when:
The charity becomes entitled to the resourc¢s'
The trustees are virtually certain they will receive the resources. and
The monetary value can b¢ measured with siifficient reliability.
Grants aod donations
Grants and donations are only included in the SOFA when the charity has unconditional ¢ntitlemeni to the
resources.
Tax reclaims on dollatllojjs alllld gifts
Incoming resourc￿ from tax reclaims are incliided in the SOFA at the same time &5 the gift to which they
relate.
vestDient illcome
This is incliided in the accOl￿tS when receivable.
Investment gains and Hos8es
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market valiie at the end of the year.
14

NEWPO
T NORT
FINANCIAL STATE
WEST
TSFO
STRY AREA
THEY
ENDED 31
ECE
BER 2024
Expenditure
Liabilities are recognised a5 expenditure as soon as there is a legal or consttl]ctive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be r¢quired in settlement
and the amount of the obligation can be me&sured reliably. Expendiwre is accounted for on an a￿rualS basis
and has been cl&%sified under h¢adings thal aggregate all cosis related to the category. W￿￿e costs Wulot be
direcdy attributrd to particular headings. they bav¢ Iwi allocated to activiti¢s on a bas7s CLinsistent with the
se of resources.
Tangible r￿ed assets
The church buildings, their contents and the churchyards witbin the Ministy Area are vested in the
Representative Body of the Church in Wales and do not forni part of the assets of the Ministy Are&
Palld employees
Staff Costs
2024
2023
Gross wages, salaries and b¢nefitS ID kind
Employer's Flational Lllsurance costs
Employer's Pension costs
Total staff costs
25,938.00
0.00
262.08
24,138.36
0.00
225.24
26,200.08
24,363.60
Sncluded in the above figure5 are the wages of cleaners which have been included in the accounts in church
and church hall cleaning headings. Administrative wages (net of Mit]istry Area grants) have been shown in
AdmiDlstaff salaries.
The average nurnber of full-time eqiiivalent employees in the period was 2 (2023 - 2)
15

NEW
TNO
IITST
STRY A
ANCIAL STATEMENTS FOR THE YE
31 DECE
BER 2024
Investment assets
Current assets investn]ellts
2024
2023
ca￿Ing valiie at beginning of period
Add items omitted from 2022 accoiujts in error:
St Mary's Common Inv. Fund - RBCIW Chancel Repair Fund
St Mary's Reed bequest - RBCIW
262,388.88
268,087.18
723.80
59.97
606.88
59.97
263,172.65
268,754.03
Less.. disposals at canying valiie
10,000.00
20,000.00
253,172.65
248,754.03
Add/(dediict).' net gat￿(losS) on revaluation
14,693.39
14,418.62
Carrying (market) valiie at end of period
267,866.04
263,172.65
The current asset investments consist of amoiints placed into the Chi￿Ch in Wales Common Luvestment Fund
alld their market value at the end of tbe period is as follows:
2024
2023
St Mary's CorEunon Lnv. Fi￿a - RBCIW
St David's Common Inv. Fiind - RBCIW Chancel Repair Flind
St David's Con]mon Inv. Fiind - RBCIW
St Mary's Commoll Inv, Fimd - RBCIW Chancel Repair Fund
St Mary's Reed bequest - RBCIW
Total
156,450.89 157,621.62
7,858.76
7,858.76
102,772.62
96,908.5
723.80
723.80
59.97
59.97
267,866.04 263,172.65
ebtors prepayments
2024
2023
Gift aid claims arising during the year received in 2025
Ministry are& rebate relati40 to the year received ill 2025
Other debtors
11,744.73
1,587.98
202.80
9,209.55
1,693.97
Total
13,535.51
10,903.52
16

NEWPORT NORTH WEST MINISTRY A
ANCIAL STATEMENfs FO
THE YE
ENDED 31 DECEM
ER 2024
CredRtors and accruals
2024
2023
Clergy expenses relating to the period paid after 31 December 2024
Ministy area sbare relating to the year p￿d after 31 December 2024
Accruals
Balance of Ministy Area grant ¢￿Tled foThvard
Totsl
623.26
31,759.13
2,030.96
1,329.89
35,743.24
498.48
33,879.39
1,800.00
2,346.42
38,524.29
Fund accollERting
Unrestricted funds can be used iJ] accordance with the ckwitable objectives at the discretion of the trustees.
Designated funds have been set aside by the trustees out of general ￿llds for particular piirposes. They may
be withdrawn from designated ￿ndS at the discretion of the trustees to be i￿ed in the general Ch￿itable
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 ar¢ raised for particul￿ restricted purposes.
Details of the nature and purpose of each fund is included in their nomenclatyre in the financial statements.
17