REGIsfERED CHARITY fiuMBER: 1137284 REPORT OF THE TRUSTEES AND Fif4Af4CtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR THK ￿t[NISTRy AREA COUNCIL OF BEECHWOOD MINisfRY ARE& NEWPORT Arthur Gait & Company Ch8rtered Accountallts alld S(atlltory Auditors 18 Gold fop5 South Wales iWJ THE MIMSTRY AREA COLhCtL OF BbkCHWOOD IP41SIRY AREA, ITIVPORT COLYTENTS OF THE FLNLNCIAL sTATE[￿E￿ls FOR TEtE YEAR E.NDED 31 DECE.MBER 21122 P8ge Report oftbe T￿Ste¢S Report oféhe Independellt Auditors 6 to 9 ststement of Financial Activttt&4 io Balance Sheet li Cash Flow Sthttment 12 Notes to the C¥4sh Flow Stst¢meTrt 13 Notes to the FinY4Deial stst¢￿ents 14 to 27 Detsiled Statement ofFitiAnelal Activities 28 to 30 THE MINISTRY AREA COUNCIL OF BEECHWOOD MINISTRY ARE& NEWPORT REPORT OF THE TRL'STEES FOR THE YEAR EhDED 31 DECEMBER 2022 The Beechwood Mittisty Are& w&% formed in January 2022 as a Rertorial Benefice of the Church in Wales, ￿7th]ll tb¢ Diocese of MonmoutL by mergiug the following previously separate parishes :. Holy Trinity, Newport (Christ¢hurch Parish) St kndrew, NewTFOrt (Lliswerry Parish) St Cadoc, Caerl¢on (Caerleon Parish) St John EvangelisL Mainde¢ & St hIary, Newport Imaindee Parish) St Julius and Si Aaro￿ Newport (St Julian's Parish) St Teilo, Newport (Alway Parish) As a n¢w large mintstsy are4 and as part of the di0¢￿8n programme formintsty areas in general, we have been required to take on regi5E¢r¢d rharity Stat￿. However. we have inherited this Status from St Cadoc's, whi¢h was aIready a registered charity, and the tern)s of the charttable re*ion have been cbanged to embrnce the other churehes with the elected Ministy Area Council (legally the Benefice PCC) seTh￿8 w trust￿5. The trustees present their report with the financial ststemenLS of the charity for the year ended 31 December 2022. The trustees knv¢ 4dopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended PractiLe applicable to charities preparing th¢sr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (eff¢div¢ l January 2019). OBJECTIVES AND AcrivrrIEs Objectives and aims The charitsble object is the prornotion of the whole mission of the Churcb ecumenical. pastoral, evaJ]gelistic, social. and Signiflettnt Actlvitles During this l> 12 Tnonths or $0, we have irdvelled a I(￿g way. Individual churcl) commwiities still exist - and should exist with their own identities and historic ¢hara¢t¢r- but Con￿u￿1￿￿oD and practical wrfing together ts fttnproving. This ongoing development is apparent within the Mini5ty Alta Council where we are getting to kno1¥ and under8t)nd olle another bdt¢r and begitming to gel. This is pleasing to s¢e.The MiDi5ty Area co[￿¢11 have begun to have some meaningful and collaboraiive deliberations and it l5 encouragin. to see the genernl generosity of spirit amongst members, given the amount of trust we have had to pla¢¢ in ￿0P[e that perbaps did not previously kllow w¢ll. The feeling around the Ministy Area is that we are the way forwarf slowly and deliberately going in the right directio Although each chiwcb is nmintaining its pattern of worship there hav¢ ￿en joint so¢i81 events and some joint ser￿¢¢$ demonStrnill￿ some cross fertill￿tiQ￿Thc goal here is not to to [tter￿e us into one hue but rather to utilise and value one another's strength and character as worshipping communities and to share tbe best we have to offer with otte auother. Beechwood was the first Ministy Area to be declared and forni￿ within the Diocese of Monmouth. The Ministy Area Tr&nsitlOD Te￿ apPO￿￿d An ?021 to manage the merger, ￿Ve the bare bones to stn]ctures 8nd the Msnistry Area Council have built ou this, worknng oll administration and process. although this is an ongoing task, and we are still learnin(T what H'orks attd what does llot in tern￿ of flow alld easy collaboration. There is a leamitits curv¢ here for wlmt Is, in ¢ffecL a neNv church stnjcmre and a new charity. and wtth a y¢aT UDder our belL it does ijow s¢eTFi the right time to r¢viEW some of the initial stryclures (wh2t h&% worked and wbat has not), refine our process4 and continue ¢I￿ltying the roles and Tesponsibiliiies of our.Millistr)' Area CiTrwicil officers. This should be a deliberate and thoughtful process. Public benefit The trustees confirm that they have complied with their duty in section 17(5) of the Charities Act 2011 to have due regard for public bellefit .The object for whicb the chariry As established is to promote the Gospel in line with the teachillgs of the Chur¢h in Wales and the achtevenients of the Charity in m¢ettng these objects for 2022 bav¢ been summarised in this report. Page I THE M]NISTRY AREA COLryCEL OF BEECHWOOD MINISTRY AR￿ )TWPORT REPORT OF THE TRUSTEES FOR THE VEAR ENTIED 31 DECEMBER 2022 ACHIEVEMETr4T AND PERFORMAYCE The first year as a Millisty area has been a year of development and learning 8nd getting to know the streng¢h3 and Weakne￿¢S of not only the sy5tew that we bave to adhere to but ajso fmding the best practice for all in the MÈni5ty We have tried to keep all the wardeTJS inform¢d $0 that tho.. can do th¢ir job ¢ff¢dively, not only witb where to find Resowces but also sbaring ide&s, tips and advice on differeni thin&s may arise. As with the starting and getting off the ￿QuRd of anything ther¢ mavbe weaknesses but progr¢$5 beert made and a more positivc outlook ig envisaged. Each Lo￿1 Warden in the Ministy Area knows that thev can contsct the Ministry Area Wardens for supp)rt adYio¢, and guidan¢¢. The second year will brillg wor¢ challengtiig situations but we are confident that the team that we have will not only be equ4)ped for the challenges ahead but learn and grow iD their p)sitions and be the people God has clLosen them to be. FINANCtAL REVIKW Financial positio Total income for tbe year £2,288,770 (2021- £137,626 ). £1,932,513 of thig income is the ￿tr￿lUctiOn of the net assex see note 16, of 5 churches that were incoryorated inlo the .Mini5ty As last vearf5 results oldy ittcluded St Cadoc's Church it 15 difficult to D￿ke co]nparisons with this ye*s figwes. The Ministy Area's total futtd4 as at 3Lst December 2022, wffe £3,026,331 (2091- £1,412,872) of which £1,517,302 (2021 - £1,271,376) w¢r¢ h¢ld &5 restrirted funds: see note 15 for fvll detaiEs. Fwther there £l.100.031 {2021- £Nil) of designated see no￿ 15 for full details. Prlnelpal funding source5 A rnixed portfolio of in¢ome stttams provides the fundiog necessary to enable the ch￿lty to uudertake its work. These include regular giving fron] parishioners, legacies, rents arnd investment incojne. Investment policy and obj¢ctives In accordance with the constitution funds Owlfd by the cbarity which are not requirEd for current expenditure are inv¢$t¢d under th¢ dir¢ction of trnsiees. Reserves policy The charity considers that th¢ r¢serves sbould enable tbe charity to ￿ self supporting for a considernble amount of time bearing in mit)d that approximately 51Y/o of the chariws rEseTves are held in restricted fulld5. Fulld5 held Details of the charity's fi]nds are shown in notes 15. 17, and 18. VUTURK PLANS It is the light titne to begin to focus on tnore p&4toral and missional issues. The forniation of Ministry Areas, rbou ¢erlaiDly administrative in nature. is not an end in itself and admillb-tration and process is not ollr primary ￿ll¢tion as churches. In th¢ corning year it is to be hoped that we Will begin to engage with Jnissiutt togetber, ratber than separately. and speciflcally with the DIoce￿n Vision ai it colllinues to be spelled by the Dio¢¢wi leadership. We are called to grow and be the Good News in our communities. Jn the Coming y¢ar, Fr William, the Rectorlminssty Area Lcader, intends to Visit each church to get to kttow the general population a little better than has been wssible in this year of pulling woether the structures. It is hoped thaL whilst each of our churches does indeed baye 8nd should have a focal minister, cow¢gations slwuld no]ketheless come to know and be known by the several clergy we have Working amongst us. STRUCTURE, GOVERNAf4CE AND m￿NAGE.ME_￿T Covernlng document The charity is controlled by The Constitution of the Church in Wa]es which it has adopted and ¢onstiiUt¢s an unincorporated charity. Page 2 THE MINtSlRY AREA COLThCtL OF BEECHW'OOD i¥ILIISTRY AREA, I￿￿1* PORT REPORT OF THE TRUSTEES FOR THE YEAR E.YDED 31 DEcEI￿BER 2022 SIRucfuRE, GOVERNANCE AND MAI4AGEVIETr4T Charity constitutlon The consÉitution of the charty is, sijnply, the Constitution of the Chur¢h tn Wales. How¢v¢r, th¢ charity does have Ternis of Reference. wbich the fvIinistry Ar¢a bas adopted for its day- to- day operations. RecruitJDent and appolntment of Dew trustees The'lrustees are recryited from tbe six Churches wmprise the Ministry Area. DeciswD makittg Decisions in relation to the Ministy Area are made collectively byth¢ TTU5tees at their regular meetings. Key mallagement personnel The Trusttts consider that they ¢ornpri5e th¢ managejnenl of the Ministry Area in charge of directin& controllin& rUnlllt￿ and operating the charity on A daY-t(￿daY basis. The Tntyt¢es 8re appointed to their position5 and do not receive any fi￿￿ing for the work dMt they und¢rtsk¢ on behalf of the charity. Risk manag¢rnent Safety and other procedures have been put in place in the Churches of the Ministy Are& All risk and safety related proecdurcg required bv ibe Constitution of the Chwcb in Wales a￿ in place across the Ministry Area. Th¢y are onitored by the Mini5ty Area Council aod its sub-COrrit¢ee4 alld where neede¢ t2dored to the individual churches to meet local need. The buildings are under ¢oD8twt review and are alway5 being improved ond rep2ir¢d . Some buildtngs can be easily repaired whilst otber works need an archFtect resultÈtig in specialist ￿'ork being carried out. Unfortt]nat¢ly, llo time limit can be put on any of the Iw wot*s but mOSt reiativety small things can be done quickly. REFERE.YCE AND ADLlttNISTRATIVE DETAIIS Reglstered Charity number 1137284 PrlThcipal address St John's Church 25 St John's Road Newport South Wales NP19 89R Page 3 THE MINISTRY AREA COLThCtL OF BEECHWOOD r*lINISTRY AREA, )EW'PORT REPORT OF ThE TRL'STEES FOR THE YEAR EN'DED 31 nECENIBlI R 21122 Trustees The Rev'd Dr W C Ingle-Gillis (appointed" I1.1.22) The Rcv'd D C Mattnews (appoinied I1.1.22) The Rev'd S A Pratte TILe Rev'd L Batt (appointed I1.1.22) The Revd S D Blewett (appointed I1.1.22) (resigned 31.1.23) The Rev'd S J Helkvist {appoinr¢d I1.1.22) The R¢Vd G wilki￿ lappoillted 25.6.22) Mrs M D Atki115 {appointed 28.9.22) Mrs S J Batey (appoillted I l. 1.22) Ms A J Bery (appointed I1.1.22) Mr H Dewar (appointed I1.1.22) Ms P Dix¢y (appointed I l. l.22) Mr T Ford Mr M Fi'iend (appointed I1.1.22) Mrs T Harris (appoir.ted I1.1.221 Mrs J J Haiward (appointed I1.1.22) Mr5 W Matth¢ws (appointed I1.1.22) Mrs P V W3rd (app05ntcd I l.1.22) Mr H R Wigmore (appointed I1.1.22) Auditors ATthILr Gait & Conipany Chartered Accountaiits aDd Stattrtory AuditOFS 18 Gold'fops Newport South Wkles 14P20 5WJ CONCLusiof+l Fr William tI￿nkS the Ministy Ar¢a Cowicil for th¢ir hard work ovcr the past year aDd Lor their generosity of spirit towards on¢ anotijer and towards him during a titne of transition, which is by dcFuJition sometimes strcssfiil. and h welcomes th¢ opportunity to CODtinue working together as we take d)¢ MiDistiy Area fomrd. STATEMENT OF TRLISTEES, RESPONSIBILITtES The tniste¢s are responsible for preparing the Report of the Tnisrces and the fmancial ststeTnents in a¢eordanc¢ witli applicable law and Unit¢d Kingdoin Accoullting Sthiidards (LTnited Kfngdoin Generally Accepted Accounting Practic¢). 'rhe law applicablc to C[￿￿ritIeS in Englalld and Tha[￿, the Charitie5 Act 2011. Clwity {AcLOUnts ￿]d Reports) R¢gul3tions 2008 and th¢ provisioJLq of the trnst deed rc(mircs the trusiees to prepare fmancial sta:eEnents Li)r each financial ycar which give a true a￿d fatr iiew of t4¢ )xat- of affairs of the clwity and of Ihe i]Jcomit)g resourccs and applicatioll of rssources. including til¢ income and exp¢llditsJt¢ ol thc ¢I￿lty for rbat period. lil preparing those financial stateLncnt& th¢ trusiees are requtr¢d to select Slliiable accol￿tillg policies and th¢n apply them cotjsistently, observ¢ the ￿ethodS and principles in the Charity SORP. make jud8emeuts and estimates tbat arc reasonable and prlldenL state wheth¢r appticable accounting standards haie becll follow¢d, subject to any material dep￿tureS dis¢losed and explained in tli¢ f￿ancIal stat¢meAts' prepar¢ di¢ fmancial statem¢ntS Dn the going CODcem basis wJle&s it Is LnappTopriat¢ lo presume that the clydrity wil Coiiiiiiue kn busioess. The trustees are i'esponsible for keeping proper a￿0￿)ting rccord5 disclose widi reasonable a¢￿iracY at any tinie tlie flliancial positlQD of die charity and to enable tbetn tg ensuTe lliat the fina1cial staleYn¢￿ts comply with the Charities Act 2011, tl)¢ Charity IA¢counls and Rcport%) Regulations 2008 and tlic provisions of the trust deed. They are also i'esponsible for safeguarding th¢ assets of the charity and hence for takin8 rcasotubl¢ steps for tlie pr¢ventitsn alld dctection of fraud and other irregulartties. Page 4 THE MINISTRY AREA COLThCIL OF BEECHWOOD MThISTRY AREA, SEII'PORT REPORT OF THE TRL'STEES FOR TifE YEAR Ef4DED 31 DECEIIBER 2022 . Approved by order of ttrLe boaTd of tTUStees on 25 October 2023 and signed on its bel)alf by.. The Revd Dr W C Ingle•Gilli$- Trustee Page 5 REPORT OF THF. ThDF.PF.NDF.NT AII)ITORS TO THE TRUSTEES OF THE MLYISTRY AREA COLryCIL OF BEECHWOOD LYISTRY AREA, NEWTORT Opinio We have audited the fiTwicial ytaternents of The Millisty Area Council of Beechwood Ministry Arei Newport (the 'charity'l for the year ended 31 December 2022 which Cow]￿ the Statement of Fijwicial Activities, the Balance SheeL the Cash Flow Statement and notes to the financial stsiement& including a suminary of iignificant accounting poli¢ies. The financial reporting framework that has been applied in thetr preparation is applicable law United Kingdo Accountiag Standards (United Kingdom Generally Accepted Accounting Practice). In our optnion tl)e financial statements- give a tnje and fair fview of the slate of the Charit￿5 affair5 0$ at 31 D¢c¢mber 2022 and of its in¢tsrning r¢sour¢es and applic&tion of resour¢￿ for the year then ended- have been properLy prepared ID accordance United Kingdom Generallv Acceptrd Accounting Practice. and have been prepared in aecordance the requrerllents of the Charitie5.4ci 2011. B#sis for opinion We conducted our audit in ac¢ordauc¢ with tntert￿li0llal Stslldard8 OD Auditing (UK) OSAS (UK)) alld applicable law, Our responsibilities under those standards are fither describ￿ in th¢ AuditDrs' responsibilitie5 for the audit of the financial statements seetion of 0￿ report. We are independent of the clwity in accordance with the ethical Tequirements that are relevarLt to our audit of the fEnanciai itatements in the LK, including the FRC'S Ethical Stalldarl and we hY4ve lfilled our other ethical reswnsibilities in accordance wqth these requirements. We believe that the audit evidence we have obtained is sufficiellt aud appTopria* to provide a b&sts br our opiniorL Conclusions relating to going eoneerD In auditing the fU￿nCial statetnents. we have concludcd the trustees, use of the going concern basis of accounting in th¢ preparatiott of the fjnancial statements is appropriate. Based on the work we haye perfor￿ed, we have not identtfied any Enaterial Uncert￿lIeS relaiing to events or conditions that, indtvidually or Collectively, may cast significant doubt on the charity's ability to continue as a going concKm for a peri(Kl of 74t le&st twelve mQFhths from wbeu the financial 5taiemetits are authorised for issue. Our responsibilities and the responsibilitie5 of the t￿￿¢¢5 with reSt￿th to going conccm are descnl)ed in the relevant sections of this report. Other infortllation The trustees are responsible for the oiher infotination. Th¢ other illformation compriges tbe inf0M￿tion illcluded in the Annual Repor( other than the financial statements alld our ReFKTrrt of the Independent Auditors ¢herwn. Our LIPiTLion on the financial statements does not ¢ov¢r the other information an( except to the extent otherwqse explicitly ststed ill our re￿0 we do not express any fomi of assurance ¢on¢lusion th¢reo In comiection with our audit of the financial statemell￿ our respoTLsibility is to r¢ad th¢ other Irthom￿lioll attd, it) doing so, consider whether the other inforniation is tnaterially incollsistent wtth the finaDcial statements or our knowledge obtained in the &udit or otherwise appears to be tnaterially n)isstated. If we identify such tnaterial inconsistencies or apparent ￿Ett￿la1 mtsstatements, we are requited to determine whether this gives ris¢ to a material misstatement in the fjnancial staletnellts th¢Enselv¢s. If. based thE work we have ￿rforme(l we conclude that there is a m&teri misststement of this other infomlation. we are required to report tha¢ fact. We have llothing to report in thi5 regard. Matters Dtt wbich are required to report by exceptio W¢ hav¢ nothing to report in r¢5pecl of the lollowit)g matters where the Charities (Accounts and Reports) Reglllations 2008 requires us to report to you if, in our opinion= the infomiation given in the Report ol the Th￿l¢eS is Incollsiste￿ ID ally materia] respe¢t Mqth the fitydniial $tat¢ments,' or SU￿1¢1¢￿1 accounting records have not been kept. or the financial stat¢ments are noi in agreetDeni with the accounting records and returns,. or w¢ have not received all the information and ¢xpl8natioT]s we require for our audit. Pag¢ 6 REPORT OF THE INDEPENDENf ALDtTORS TO TEtE TRUSTEES OF THE MThISTRV AREA COUNCIL OF BEECHWOOD ISTRY AREA, YEWPORT Responslbilities of trustee5 A5 explained more fitlly in the Statement of Tntr, Re5POrtsli )ilities, the ts￿stees are resw)nsible for the preparatioll of the financial statements whi¢h give a thle and fair wiew: and for such internal control &s the trnstees determine is necessary to enable the preparation of fjnancial stat¢UL¢llts that are fire from m￿rIal misststemenL whether due to fraud or ettor. In prepaTing the financial slatementy the truste£5 are responsbi le for assessing the charitys ability to continue as a going Conce￿ disclosin& a5 applirable, related to goitig Concern and using th¢ going concem basis of wcounting unless the t￿￿teeS either illtend to liquidaie th¢ charity or to ce&8e operations. or have Tho realistic alternAtive but to do 50. Page 7 REPORT OF THE INDEPEYDENry ALDTtORS TO TE￿ TRLSTEES OV THE ￿￿￿15TRy AREA COL.NCIL OF BEECHWOOD i￿INISTRy ARE& NEWPORT Our responsibilities for the audit of the financial statemeots We have been appoint¢d a5 auditors under Section 144 of the Charities Act 2011 and report in accordall¢e the Act and relevant r¢gulLttions Jnade or having effect thereundcr. Our objectives are to obtsin reasoTrabl¢ wur8Dc¢ about whether the fitwicial statements ￿ a whole are free from tnateriat misstatemenL whether due to fraud or error. and to issue & Report of the lttdepelldent Auditors tbat includes our opinion. Reasonable assurance is a high level of assurance. but is Thot a guarantee that an audit conducted in awordallce with ISAS (UK) will always detect a materiaI misStatemeDt when it exists. Misststsments can 2Tise from fraud or error and are considered tnaterial 1£ indiyidually or in the aggregat¢. could reasonabty bc expected to influence the economic decisions of user5 taken on the b&%is of these fmancial statements. The &xtent to whith ow procedures are capable of detecting irregUl￿1t1￿ including fraud is detailed below.. Irregularities, including fraud, are instances of non-wwpliance with law5 2nd regulations. We design procedures in line with our responsibilities, outlined abowe, to detect Ma￿la1 misststements it) respect of iwegularities, including fraud. Our approach to identify'ing and as5e5sing th¢ risks of mAt¢tial mikstat¢ment in Trspect of i￿egularIties. illcludillg fraud and n0u-r0mplia￿cc laws and regulations, was as follows.. - the engagement partner ensured that the ellg8gemcnt team collectivety l)ad the appropriatr cowetence, capabilities and skills to identify or recognise non*compliance with applicable laws and regularioDs' we idetttified the laws and regulations appli¢able to the Charity through discussion$ with trustees and other tnanagement, and from our knowledge and experience of the charifabl¢ 5￿tor, - wt focused on specific laws and regulations which we ¢oDsid¢rEd ￿4Y baye a direct tnaterial effect on the f￿ancIal statements or the operations of the charity. including the Clwities Act 2011, ¢mploym¢nt aDd health and safety legislation.. we assessed the eKt¢nt of cornpliallce ivith the laws and regulatiODS identified above througb trt8king enquiries of mwement and inspecting legal corr¢spondence" and - identified laws and regulations were communicated within the audit team regularly and the tea￿ r¢maind alert to instE￿ceS of tton-compliance throughout the audit. We assessed the suw¢ptibTlity of the cbarity's finallciai staiements to material mi5sts*ement, including obtsining a nderstanding of how ftaud might occur, by.. - n￿j1]llg enquiries of maDagetn¢Tht a8 to where they considered there was SLLsceptibility to frau(L their knowl¢dge of actual, suspected and alleged fraud: -considering the internal controls in place to mitigat¢ risks of f(WLd and non-compliance laws and regulations. To address the risk of fraud tbrough rnaDagern¢￿ bias atsd oyetride of u)ntro]s. we.. - performed analytical proc¢dur¢s to ideniify any unusual or uneX￿ted ￿latIOnShips. - tested joumai entries to id¢Thtify U[l￿$ual iransactioos.. -assessed whether judgements and ￿UmptIOnS made ill deteTmilling the accounting estilnates were ithdicative of potential bias. and - investigated the ratioDale bEbitid s1gllffic￿t or unusual transactions. In respollse to the risk of ityegularities and non-complian¢e with laws and r¢gulations. w¢ d¢sigllEd procedures whi¢h included, but were Ttot limited to.. - agreeing FJnanci81 $tatem¢nt disclosutys to Und￿ty1ng sUPPOrting documentation; Page 8 REPORT OF THE EYDEPVIDENY ALIDITORS TO THE TRLTSTEES OF T￿￿ P41LNISTRY AREA COLNCIL OF BEECHW'OOD IINISTRY AREA, PIEWPORT - reading the rniniites of meetings of those charg¢d with governance- - enqiiirillg of jwrdgement as to aetllal and pot¢ntitil litigation and claims: alld revievéllllg coffespondcnce with relevant regulators including th¢ Charity Commi55lQll And the charity's legal advisors,. Th¢it are inher¢nt lin]itations in our audit procedwes ducribed above. The Tnore removed that laws artd iegu]ations arE from linanoial transactions, the I￿S likely it is that we would become aware of non-coinpLiauce. Auditu)g standards also limit the audit procedures required to identify non-wwliance laws aDd regulation to enquiry of the In￿t¢¢$ and other managelnent and the illsp¢ction of r¢s￿a10ry and legal ¢ottespondence, if any. Material misstatements that arise duc to frydud cam be hard¢r to detect than thos¢ that arise from error as th¢y inay ii)volv¢ deliberat¢ concealment or Collusion. A fvrther description of ow responsibiliti¢s for the audit of the flnancial staterneDts is located on the Finan¢iaL Reportiug Council's Websi￿ at wJw.fr¢.org.uklauditorsresponsibilities. This deseription forms part of our Report of the 111d¢pendent Auditors. Vse of our report This r¢port is tllade solely to th¢ chariry's trn5te¢s, as a bcxly, accordallce with Part 4 of di¢ Charities (AC￿lints aiid Reports) Rcgulations 2008. Our audit W￿rk has beep undertaken so that we ￿Ight stste to the Jwity's tntstees tliose InaltErs we are rcqillred to state to dieill itL aD auditors, report and for no other purpose. To the ￿lIest extent pennittsd by law, we do Thot accept or assume respollsibility to allyone other than th¢ cbarity and tlie chaTity's trustees as a body, for our audit worK for this report, or for the opini¢)ns ￿ have fozmed. Arthur Qait & Company C118Xtered Accountants alld Stattitory Auditors 18 fjold Tops Neivpoi'l South Wales NP20 5WJ 26 October 2023 Page 9 TKE LIfflIISTRY AREA COLThCIL OF BEECHWOOD MLYISTRY.4REA, NEWPORT STATEl¥lETr4T OF FtPiANCIAL ACTivrriES FOR TEIE YEAR E)I)ED 31 DECE.MHF.R 2022 31.12.?2 Total funrs at bank and iu hand 13 8.551 388,492 8,551 404,613 16.121 45,440 397.043 16,121 413,164 45,440 CRKDITORS Ainounts falLing due widiill one year 14 {28,771) {28,7711 NET CURREN"T ASSETS 368272 16,121 384,393 45,440 TOTAL ASSETS LESS CURRENr LIABILITIES 1,509.029 1,517,302 3,026,331 1.412,872 NET ASSETS 1,509.029 L,517,302 3.026,33 I 1.412,872 FUNDS Unrcstrictcd fullds Regtricrcd funds Is 1,509,029 1,517,302 141,496 1,271,376 TOTAL FiINDS 3,026,331 1.412,872 The financial statements were approved by the Board of TnL8tees and &udiorised for issue on 25 October 2023 and w¢re signed on its behalf by.. Tlie Rev'd Dr W C Ingie-Gillis- T[￿tte Mrs P V Ward- Truste¢ The notGS forni part of the8¢ financial statements Pagell THE L￿INISTRy AREA COU.NCIL OF BEECHWOOD MI￿￿1STRy AREA, JNEII'PORT CASH FLOW ￿ATE￿IE5 FOR THE YEAR E)DED 31 DECEMBER 2022 31.12.22 31.12.21 Note5 Cash floTVS frorn oper2tlDg *eÉiYities Cath generated from operdtions 1.843,924 {48.960) Net cash provided byl(used in) operating a¢tivities I,843,￿4 148,960) CA$h flows from investing actiyities Purch￿¢ of tsngible fixed asseis Purclwe of f￿ed asset inyestsnents Sal¢ of fixed &sset invesÉtnents Interest received (590.500) (915,027) 20,168 608 31,026 Net C&8h (used inllprovided by investing activities (1,484,751) 31,033 Chttnge In Cash and eash equivaleDts in the reporting period Cash gnd cash equivaleuts at the beginnillg of the reporting peri(Kl 359,173 {17,927) 45,440 63,367 Cash and cash equlvalents at the end of the reportlng period 404,613 45,440 The notes forni part of these financial statements Page 12 THE MINISTRY AREA COLf*CIL OF BEECHWOOD MtNISTRY AREA, ￿TI￿oRT NOTES TO THE CASH FLOITr STATEMENT FOR THE YEAR E￿￿ED 31 DECEMBER 2022 RECONCILIATION OF NET tNCOME TO NET CASH FLOW FROM OPERATINC ACTIVITIES 31.12.22 31.12.21 Net income for the reFKJrtillg period (a5 peT the Stat¢meDt of ￿nanCIal Activities) djustments for: Depreciation charges Lossesl(gain) on investjnents Interest received Increase in debtors [n¢re￿e in creditors ,613.459 77.fA7 2,745 208,108 (608) (8,551) 28,771 (126,599) (81 Net eA8h provided by/{used in) operations 1,843,924 (48,960> ANALYSIS OF CHANGES IN NET FUNDS At l.1.22 Ca8b flow At 3 l.l222 Net cash Cash at bank and in t￿id 45.440 359.173 404,613 45,440 359,173 404.613 Total 45.440 359,173 404,613 The notes forni part of these 6nallci81 statements Page 13 THE MLYISTRY AREA COL.NCIL OF BEECHWOOD -MIliISTRY AREA,.NEWTORT riOTES TO THE FIN'AliCIAL STATE￿ENTs FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLXCtEs Basis of preparing the fthaneial statenkents The fllRncial statements of the chariry. wthich is a public benefft entty under FBS 102, have been prepared in a¢¢ordan¢e with th¢ Charities SORP (FRS 102) 'Accoun(ing and Reporting by Charities.. Statement of Recommended Practice applicabl¢ to ¢hartti¢s pffparing d￿]r accounts rn ac¢ordance with ¢he Financi&l Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),, Financial ReportÈng Sta￿dard 102 Tr FinaTLcial Reportitig Standard applicable in the UK and Republic of treland, and the Charities Act 2011. The finallcial state￿ents have been prepar¢d UTLder the historical cost ¢onvention, with the exception of invesmients which ￿e included at market Yalue, as modified by the revaluation of ¢¢rtain assets. A5se85weut of going ¢oDcerll The Trustees have assessed whether the use of the going aSSu￿ptiOn is appropTiate in preparing these financial statements. The Ttwtees have made thi5 assessment iTh respect to a peri(Kl of at least one year from the date of approval of these r￿cla] statements. The Tr￿1￿5 are of the opinion that the charity wAll have sufficient resources to meet its liabilities as th¢y fall Kncome All ftllcome is recognised in the Statement of FiDanciat Activities onrx the charity h&s entitlement tr> the fimds, it is Probable that the inc0T￿¢ will be ￿ceIVed alld the amount can be nmsured rEliably. Expenditure Liabilities are recoglli5ed as expendit]]re as &s there 15 a lega] or constructive obligation committing the charity to thai expendiiure. it is probable that a transfer of economic benefits will be wuired in settlement and lh¢ amount of the obligatiott can be measured reltably. ExpenditutE is accounted for OD an a¢cThals basis and hLg been classified under headings that awegat¢ all cosi relared to the catsgory. ThTrere costs cannoi be directly attributed to particular headings they have been alloc*ed to activities on a basis collsi5t¢nt wTrth the use of r¢50urces. Governance e09ts Govcrnanre costs compris¢ the costs ￿V0]Ving the publi¢ a¢¢ounrability of th¢ ¢harrity and ¢osts in reS￿¢t to its compliance with regulation and good practice. Alloealion and apporttonment of costs Support CObt5 and govemance costs are apportioned on the b&%is of the use of resources. T#ngible fixed ￿￿ets Depreciation is provided at the following annual Kates in order to writ¢ off a55et ov¢r its estimated usefid life. Plant attd n￿chInery 2590 on cost Taxatio Th¢ charity is exernpt frorn tLY oll its cbaritable activities. Fund g¢eouDtlng Unrestricted fmds can be used in accordance with the charitable objectives at the dis¢r¢tion of the ￿￿$t¢e$. Restricted thnds can on]y be used for particular restricted putposes wAthin the objects of the charity. Restridions arise when specified by the donor or when fuThds are raised lor particular restricted purposes. Further explanation of the nature and pwpo5¢ of e2ch fi￿d is Includ￿ in the not¢5 to the fjnancial statements. Page 14 contiliue￿.. THE MINISTRY AREA COUliCIL OF BEECHWOOD IlIf*lSTHY ARE& PIEWPORT NOTES TO TllE FLNANCIAL ST ATEME.%TS- contipued FOR THE YEAR E_NDED 31 DECEMBER2022 ACCOUNTING POLlCtES- eontlnued Debtors Debtors are recognised at their s¢ttl¢m¢nt amoiinL Prepayments are valued at the amount prepaid. Creditor5 Credtiors ar¢ re¢ogniged when th¢re is an obligation ot the balance sheet da* as a result of a past evenL it is probable that a transfer of economic benefii will bc required in 5cttlement, and the amount tsf the settlement can be estÈmatsd reliably. credit￿ are recogllised at the atllount the chariry anticipates it will pay to settle ihe debt. Voluntsry Help No value has been put on the help giveD by the volunteers during the year. DONATIONS AND LEGACIES 31.12.22 31.12.21 Dotmtions Gift aid Legacie5 Grants Net assets tntroduced from member churches 181,969 38285 3,550 366 ,932.513 36,023 3,481 8,000 2,156,683 47,5(H Grants receive￿ included in the above, are as follo 3 1.12.22 31.12.21 Other grants 366 8,0(M) OTHER TIL4DING AcfiviTIES 3 L.12.22 31.12.21 FuJLdraising Other funds generated Hall rental income Magazii)e and otherpublication sales Sundry incotne Church building rental Mkn'Parish share rebat¢ 11,626 955 11,404 1,895 7,029 2,661 22.787 I,oio 3.857 68,069 58,357 72,936 Page 15 cotitinued... THE MLry. ISTRY AREA COLIIICIL OF BEECHWOOD MINISTRY AREK NEWPORT NOTES TO THE FLYADiCtAL STATEVIE)TS- contRnued FOR THE YEAR EfiDED 31 DECEMBER 2022 INTrTSTMENT IP*COI¥IE 31.12.22 31.12.21 Rents received DividendslInvestment incorne Bank and building sociery interest 28.975 15,181 608 7,200 4,436 44.764 11,644 INCOME FROM CHARrrABLE AcTIVI￿s 31.12.22 31.12.21 Activity Services Fees fot OCEational offices Wedding fre Blessing fee Publication of b8nns, fimernl fee, burtal fee aThd memorial 1,782 11.027 139 Services 12,613 5,543 25,561 5,543 RAISITraG FUNDS R&i5ing donatlons and legaeies 31.12.22 31.12.21 Costs of generating resources- giving Costs of fijnd raising 153 514 667 CHARITABLE ACTtVlTtES COSTS Support costs (see note 8> Services 466.536 Page 16 continued... TIIK MINISTRY AREA COLryCIL OF BEECHWOOD MINISTRY .4RE& YEWTORT NOTES TO THE FC4knCIAL STATEMENTS- continued FOR THE YEAR E￿I)ED 31 DECEMBER 2022 SUPPORT COSTS Governance 05ts Totals Services 462.936 3,600 466,536 TRUSTEES, REMUNERATIOL¥ AND BENEFrrs No TDJstee received any rernun¢ration. or l*n¢fits. io the year (2021- £Nil) from th¢ charity. Trustees, expenses No Thstee received any expenses in tbe year (2(r2l - Nil) from the charity. io. COMPARATIVES FOR THE STATEMELIT OF FINANCIAL ACTtVlTIES Unrestricted Restricted fuDds Total INCOME LND ENDOWMENfs FROM Donaiions and legacies 39,504 47,504 Charitable activiti Services 3,435 2.108 5,543 Other trading activities Investment Ancorne 72,936 40 72,936 11,614 11,604 Total 115,915 21,712 137,627 EXPENDITURE ON Charitsble activities Services 140,792 45,789 186,581 Net gains on inv¢strients 31,026 95,575 126,601 NET llYCOMK 6,149 71,498 77,647 RECONCILIATION OF FUNDS Total funds brougbÉ fonvard 135,348 1,199.877 I,335,225 TOTAL FUNDS CARRIED FORWARD 141.497 1271,375 1,412,872 Pag¢ 17 continued... TEtE L￿L￿[STRy AREA COLTh'CIL OF BEECHWOOD ML)ISTRY AREA. NEWPORT NOTF.S TO THE FTh AP*'CIAL gfATEMEYfs- eontlnued FOH THE YEAR E.NI)ED 31 DECEIIBER 2022 ii. TANGtBLE FIXED ASSETS Freehold property Plant and rn&chinery Totals COST At I January 2022 Additions 61,000 590,<00 10,980 71,980 590,500 At 31 Deeetnber 2022 651,500 kO,980 662.480 DEPRECIATION Charge for year 2.745 2.745 r4ET BOOK VALUE At 31 December 2022 651,51M) 8,235 659,735 At31 D￿mber2021 61,000 10,980 71,980 12. FIXED ASSET INVESTMENTS Listed inyestments MARKET VALUE At l January ?022 Additiolls Dispos&is Revaluations 1,295,452 915,027 (103,503) (124,773) At 31 December 2022 1,982.203 IYET B(K)K VALUE At 31 Decejllb￿ 2(r22 1,982,203 At 31 December 2021 1295,452 There were no investment assets outside the UK. Cost or valuation at 31 December 2022 is represented by: Listed investhents Vatuation in 2tr22 C05t (228.276) 2,210,479 1.982,203 Page 18 continued... THE MIL¥tSTRY AREA COLlsCIL OF BEECHWOOD MlhlSTRY AREA. TriEW'PORT NOTES TO THE FthAYCtAL STATEMENryS- eontinued FOR THE YEAR E.NDED 31 DECEMBER 2022 12. FIXED ASSET INVESTMENTS- continued If the invesknents had not been revalu¢d they would bave been iDcluded at the following historical cost.. 31.12.22 31.12,21 Cost 2.210,475 1,295,452 Aggregate provisions 228.276 Fixed asset investtnents were valued on an op¢n market basis b&8is on 31 December 2022 by various inv¢stn]ent advisers. 13. DEBTOKS: AMOUNTS FALLING DUE WM[￿ ONE YEAR 31.12.22 31.12.21 Trade debtors Other debtorg PrepaY￿entS and arrrued income 10 3,776 4,765 8,551 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.12.22 31.12.21 Trade creditors Other creditors 25.071 3,700 28,771 Page 19 contillued.,. THE MtThlSTRY AREA COLThCIL OF BEECHWOOD MINISTRY ARE& liEWPORT NOTES TO THE FLNANCIAL STATEMENTS- continued FOR THE YEAR E.YDED 31 DECEMBER 2022 15. MOvE1￿ENT IN FULYDS Ne¢ movement Trdnsfers between fi￿dS At 31.12.22 At 1.1.22 Unrestricted funds General ftmd St John's Choir St JOE￿,$ Flower St John's Legacie8 & Gifts St John'5 Night5helter St Sohn's Organ St John's Parish Building St John's Youth Chti5*hurch Church Land Sales Fund Cbristchurch- Jam Club Christchurch Legacies and Gifts Christchurch Night Shelter Civistchurch Paro¢hial MoTki¢s Fuud Christchurch Propety Fund 141.496 294,449 l96 ,049 76,109 542 4.635 19,131 1,074 221.8D5 256 81,186 1.603 101,945 590,500 (26.947) 408,998 196 1.049 76.109 542 4,635 19,131 1,074 221,805 256 81,186 1.603 101,945 590,500 141.496 1,394,480 (26.947) 1,509,029 Re5tricled fllllds Noreen Burge DHJLewis CharA¢el Wall Trust Boundary Don Lewi5 Other Trusts Building Fund D l.¢wis Churchyard R&MGP Share Kefund Roman Reach Rent Fabric- St John's Legacies and Gifis Sll￿day School chjistshu￿h Lands Tn]st FuDd Mission & Maintenance Fund Grace Sisters t£gacy Proceeds of Sale of Curdte's House Cummunity Youth Project Church Wall Fund- E&st Christchurch Churchyard Fund Cbristchurch Fabric Fund Votive Calldles 892,523 260,358 13.975 51.946 13.899 49,552 13,199 (26,-N64) 3.6?8 819 (30) (7,?84) 5.355 (188.922) ?8,162) (1,211) {4,450) {1,406) (5,014) [1.335) 703,601 232,196 12,764 47,496 12.493 1,538 11,86A 26,)64 (3,628) (819) 30 7,284 (5,355) 72.195 16,019 4,928 113,635 4?,889 60.(M)O 51.523 2,996 601 526 83,567 670 72,125 16,019 4.928 I13,635 45,760 60,000 51,523 2,996 601 526 83.567 670 2,871 1271,376 218,979 26.947 1,517,302 TOTAL Fu￿1)s 1.412,872 1.613,459 3.026.331 Page 20 continued.. THE MtNtSTRY AREA COLNCIL OF BEECHWOOD Iir*lSTRY AREA, N4EW'PORT NOTES TO THE FINAliCIAL STATEME.NYS- cDlltillued FOR THE YEAR ENDED 31 DECEMBER 2022 Is MOVEMETr4T IN FUNDS- eontinu¢d Net moYerneTrt kn fil￿d￿, included in the aEMyve ate as fol￿ws. IDcomiDg Resources resources expended Gain5 and losses Movement in fimds Unrestricted funds General fund St John's Choir St John's Flower St John's Legacies & Gifts St John's NiglLtshelt¢r St lo1￿,8 Orgall St Iohrt's Parish Building St Jokn's Youth Chttstchurcb Chur¢b Land Sales Fw Cknstrhurch- Jam Club Chrsstchurch Legacies Gilt5 ChristchLrch Night Shelter Christchurch Paroehia] Monies Fll￿d Christchurch Property Fund 237.746 1.336 1,049 78,993 542 4.985 (450,598) (1,140) 507,301 294.449 196 1,049 76,109 542 4,635 19,131 1,074 221.805 256 81,186 1,603 101,945 590,5(M) (756) (2,128) (350) {i,l56) 1.074 247,811 256 88.89J 1.603 117.624 590.5(M) (26,006) (7,707) {3J17) (12.362) 1.396,699 (461,317) 459,098 1,394.480 Restrieted fuDds Noreell Burge D H J l.ewis Chan¢el W911 Trust Boundary Don Lewis Other Tn￿tS Churchyard Fabric- St John's I￿g￿leS and Gifis Sunday School Christrhu￿h Lands Trust FuAd Mission & Maintenance Fund Gl'ace Sisters Legac>' Proceeds of Sale of Curate's House Con)muDity Youth Project Chu￿￿ Wall Fund- East Christchurch Churchyard Fund Christchurch Fabric Fund Votive Candles 410,155 (599,077) (28,162) (i ?11) (4,450) (1.406) (5,014) (1,335) (188,922) (28,162) (1,211) (4,450) (1,406) (5,014) (l J35) 493 77,102 17.608 5,434 126,698 46,)89 60,0 (493} (4,977) (1,589) {506) (13,063) 72,125 16,019 4,928 113,635 42,889 60,000 51,593 2.996 601 526 83,567 670 {3.700) 2,996 601 2219 89,983 670 (1,693) (6,416) 892,071 (5,886) (667,206) 218.979 TOTAL FUNDS 2.288,770 (467,203) (208,108) 1,613.459 Page21 eontinued... THX MtNtSTRY AREA COUN'CtL OF BEECHWOOD MLNISTRY ARE& )Il￿RT NOTES TO THE FLYLYCLIL STATEfvIEhlS- continued FOR THE YEAR E￿￿ED 31 DECEMBER 2022 15. M0VELl￿NT IN FUP4DS- continued Compgrntlves for movement funds Net mowement in funds At 31.12.21 At l.1.2l Unrestricted funds General fimd 135,348 6.148 141,496 Restrleted funds Noreen Burge DHJLewis Chancel Wall Th￿t Boundary Don Lewis Oiher Trusts Building Fund Chuwhyard R&MGP Share Refitnd Roman Reach Rent 825.441 235.058 67,082 25.3LII 1.531 4,898 (583} 1.524 (550) (26.564) 819 (30) (7.284) 5,355 892,523 260,359 13,975 51,946 13,899 53,179 13,199 (26.564) 819 (30) (7284) 5355 47,048 14,482 51,655 13.749 1,199,877 71.499 1,271,376 TOTAL FUTr41K8 77,647 1,412,872 Comparative net movemfflt in fiEnds. included in the above are &% follows.. Incoming Resources Tesource8 expended Gains at losses Movement in fullds Irnrestrleted funds General fijnd 115.915 (140,793} 31.026 6,148 Restricted funds Noreen Burge DHJLe￿S Chancel Wall Trust Boundary Don Lewis Other Trusts Buildillg Fund Churchyaxd R&MGP Share Refund Rornan Reach Rent 67,082 25.301 1,531 4.898 {583) (2,104) (550) 67,082 25,301 1,531 4,898 (583) 1,524 (550) 126.564) 819 (30) 17,284) 5,355 4.404 (776) 8,000 2,108 ()4,564) (1989) (30) (7,284) (1,845) 7200 21,712 (45,788) 95,575 71.499 TOTAL FUPWS 137.6?7 (186.581) 126,601 77,647 Page 22 continlled... THE MINISTRY AREA COUNCLL OF BEECHWOOD Mf*JSTRY .ARE&.NEIITORT NOTES TO THE FLy￿NcL1L STATEMEN'TS- tontlnued FOR THE YEAR E.YDED 31 DECEMBER 2022 15. MOVEMEl+fT IN FUNDS. contillued A current year 12 months and prior year 12 month5 WtllbiDed position is as follows: Net movemeDI iti funds TransfeL3 betwee ds At 31.12.22 Atl.L.21 IJDre5tricted funds General fi￿d St John's Cho St John's Flower St John's Legacies & Gifts St John's Nightshelter St John's Organ St John's Parish Building St John's Youth Chtistcburch Church land Saleg Fuud Cl)ristchurch- Jam Club Chri$t¢hurrh Legacies and Gills Christchurch Night Sh¢lter Christchurch Parochial Monies FuDd Cbristchurch Pmperty Fund 135,348 300.597 196 1,049 76,109 542 4,635 19,131 1,074 221,805 256 81.186 1,603 101,945 590,500 (26.947) 408,998 196 1.049 76,109 542 4,635 19,131 1,074 221.805 256 81,186 1,603 101,945 590,500 135.348 1,400,628 (26,947) 1,509,029 Restricted funds Noreen Burge DHIL¢wis Ch￿l¢e1 Wall Trnst Boundary Don LKwis Other Tntsts Building Fwid D Lewis Churchyard R&MGP Share Refund Reach Rent Fabric- St John's Legacies and Gifts Sundav School Christchurch Land5 Trust Fund Mission & Maititenance Fund (irace Sisters Legacy Proceeds of Sale of Curate's Howe Community Youth Projeet Churcb Wall FuDd- East ChriS￿hY￿h Churchyatd Furnd Christchurch Fabric Fund Votive Can(lles 825.441 2i5,Oi8 12,444 47.048 14,482 51,655 13,749 (1?1.840) (2,861) 320 448 (1,989) (3,490) (1,885) (26,564) 703,601 232.197 12,764 47,496 12,493 48,165 11,864 26,564 (3,628) (819) 30 7,284 (5.355) (3,628) Sl9 (30) (7,?84) 5.355 72,125 16,019 4,9?8 113,635 4?.889 72,125 16,019 4,928 113,635 45,760 60,000 51,523 2,996 601 526 83.567 670 2.871 51.523 526 83,567 670 1,199,877 290,478 26,947 1,517,302 TOT AL FUNDS 1,33522) 1,691,106 3,026,331 Page 23 continued... THE MINISTRY AREA COINCIL OF BEECHWOOD MINISTRY AREA, hEWPORT NOTES TO FLI￿￿CIAL STATEItENTS- tontinued FOR THE YEAR EThDED 31 DECEMBER 2022 Is. MOVEMENT IN Fuf4DS- colltinued A current year 12 rnonths and prior year l2 montlLS COtDbined Det movement in funds. included in the above are a5 follo￿.5.. lllconing Resources expellded Gatns and losses Movement in funds Unrestricted funds General tund St Iohn'$ Choir St John's Flower St lohn's tzgacies & Gifts St John's Nightshelt¢r St John's Organ St lohn's Parish Building St John's Youth Chtistchurch Church Land Sales Fund Chri5tchurch- Jam Club Christchurcb Lega¢iK aDd Gifts Christchurch Night Shelter Christchureh Parochial Moni&q Fund Clwistchurcb Properry Fund 353.661 1,336 1,049 78,993 542 4.985 24,287 I,074 247,811 256 88,893 I.603 117.624 590,500 (591,391) {1.140) 538,327 300,597 196 1.049 76,109 542 4,635 19,131 1,074 22E,805 256 81,186 1,603 101,945 590,500 (756) (2,128) (350) {5.156) (26,(M)6) (7.707) {3,317) (12,362) .512.614 (602.110) 49Q.124 1,400,628 Restrieted funds Noreen Burge DHJLewis Chancel Wall Trust Boundary Don LLwis Other Trusts Building Fulld Church>'ard R&MGP Share Refund Rottw Reach Rent Fabric - St John's Legacies and Gifts Sunday School Christchurch Lands Trust Fund Mission & Maintenance Fund Grace Sisters L£gacv Proceeds of Sale of Curate's House Community Youth Projeet Church Wall Fund- East Chri51church ChU￿hyd[d Fund Christchurch Fabric Fund Votive Candles 410.155 {531.995) (2,861) 320 448 (1,989) (7,118) (1,885) (121,840) {2,861) 320 448 (1.989) {3,490) 11,885) (26,564) 819 (30) {7,284) 5,355 72,125 16,019 4,928 113,635 42,889 60,000 51,523 2,996 601 526 83,567 670 {776) (34,564) (1,782) (30} (7,284) 11,845) 2,601 7,200 (4,977) (1,589) (506) (13,063) 17,608 5,434 126,698 46,589 60.000 51.523 2,996 601 2,219 89,983 670 (3,700) (1,693) {6.416} 913.783 (51,674) (571,63 l) 290,478 TOT AL FUNDS 2,4?6.397 (653,784) (81,507) 1,691,106 Page 24 continued... THE MINISTRY AREA COLfPiCIL OF BEECHWOOD MlhlSTRY AREA, ￿wPORT NOTES TO TItE FL)ANCIAL STATEME.YTS- continued FOR THE YEAR EhDED 31 DECEMBER 2022 16. RELATED PARTY DISCLOSURES The following net a8sets were intr(Kluc¢d to the Ministy Area by tILe following metnbeis'.- Holy Trinity, Nemport (Christchurch Parish) St Andrew, Newport,(Lliswelly Parisb) St John EvangetisL Maindee & St Mary, Newport (Maindee Parish) St Julius and St Aarow Newport (St Julian's Parish) St Teilo, Ne￿￿Ort (Alway Parish) 1.474.635 89,616 244.343 113.973 9,946 1.932,513 17. DESIGNATED FUNDS The funds for the benefit ofst John Ev*ngelisi M8illdee & St Mary. Newport (Malndee Parlsh) are :_ The St Jobn's Choir Fund is in reSp￿t of the requIremet￿ of St John's Choir. The St John'$ Flower Flll￿ is in respect of flowers used to decorate the Church. The St John's Legacie5 & Gifts FuDd is us¢d for wsts which rela￿ to Church aciivities that the Parish Council feel that the various donors would approve off. The St Jo]]n's Nigbshelter Fund is in respect of a h0￿ClesS shelter that St Jol]n's administrrs. The St John's Organ Fund is in respect of of the mainrenance of the Church's Organ. The St Joh￿,$ Parish Building Fund is in respect of the maintenallce of the Chur¢h'5 Parish Building. Tbe St John's Youth Fund is in respect of work carried out our on bel￿f of the Parish's youth. The funds for the beneflt of Hoty Trinity> Newport (Cthrist¢huT¢h P8rl$h) Are:. The Christchurch chU￿b Laud Sal¢s Fut￿ 15 in respect of sales of land used for various puwses required for Holy Trinity Chri&tchurch. The Christchurcb Jam Club Fund is in r￿pect of the church's Youth Club, Jesus and Me. The Christchurch Legacies and Gifts Furkd is us¢d for costs which relate to Churcb activities that the Parisb Council feel that the vaTiOUS donors would approv¢ off. The Christchurch Night Shelter Fund is ill respect of a homele&s shelter that Holy Trinity Cbristchurch adJnini8t¢ts. The Cbrillchurch Parochial Monie5 Fund is used for vartous Cbuth activitie5 at Holy Trittity Christchurch. The C￿7St¢hU￿h Property Fund is in respect of costs required to maintain propety owned by Holy Trinity Chrisl¢hur¢h. Page 25 continued... TH£ MINISTRY .4REA COLThCIL OF BEECIIWOOD MINISTRY AREA,.IEII'PORT NOTES TO THE FThLYCIAL sfATF.MV,hTS- continued FOR THE YEAR EYDLD 31 DECEMBER 2022 18. RESTIUCTED FUNDS The fullds for the benefrt of St Cad0& Caerleon (Caerleon P8ri5h) 8re :_ The Nornwi Bwge Fund is in respect of rnonies l¢ft to St Cadoc's Church for cburch activities. The D H J Ixwis Fund is in ffsp¢¢t of monies left ￿ St Cadoc's Church for church activitie5. The Chan¢el Fulld is in respect of monies to be used to maintsin St Cadoc's Church's chancel. The Wall Ttust is in respect of monies to be used to toaintaiD the Wdtl at St Cadoc's ChurciL The Bound￿1 Tnjst 15 in re5F¢Ct of moni&8 to be used to maintoin the bouodary It St Cadoc's Churc]L Other Th￿[S is in respect of mollies to be ￿Sed for Vario￿ church activities at St Cadws Church. The Building Fund is in respect of motsies to be ￿Sed for building w¢)rk in 8t Cadoc's chu￿￿. ThE Don Ikwis Fund is in respect of monies l¢ft to St Cado¢'5 Church for ¢hureh activities. The Churchyard Fund 15 in re5ped of moDi¢s to b¢ on chuTchyard at St Cadoc's Church. The R & M GP Fund is in respect of monies to be spent on church activities at St cad￿,5 Church. The RoTnall Re4ch Rellt Furnd is in respect of monies to be spent on property owjed by St Cadoc's Chwcb. The funds for the benefrt of St Jobn EvangelisL M¥lndee & St M8ryy Newport {Maindee Parish} Are:. The St John's Fabric Fund is in respect of to k spent to maintain the fabric of St John's Churcb. The St John's L¢ga¢ie8 and Gifts Fund is in respect of monies to be used for various church activities. The St Jol￿'S Sunday School Fund is used to nu) the church's SuDda}' School. The Community Youtb Project Fund is in r¢Sp￿ of mollies to be spent oll youth iti the p￿18￿ of St John's. The funds for the benefit of Holy Trinity, Newport (Christ¢hurth Parish) #r¢:_ The Christchurch Fabric Fund is iti respect of monies to be spent on maintaining the fabric of Holy Trinity Christehureh. The Christchurch Lands 15 in r¢spe£t of moni&% to be spent on various church activities. The ChurclL W￿1 {E&st) Fund 15 in r¢5pe£t of rnoDie5 to maintaiti the East Church Wall at Holy Trinity Christchurch. The Christchurch Churchyard Fund i5 io respect of monies used to maintsin the churchyard ai Holy Trinity Christchuwh. The Christchurch Fabric Fund is ID respect of monies to be spetit Oll TnaTlltainillg tbe fabric of Holy Trinity ClJristchurclL The Votive Candles Fund ts in rtspect of monies to be spent on votiv¢ candks at Holy Trinity Cl)ristchurch. TILe funds for the benefit of Sl Julius and St Aaron, N¢wwrt (St Jwll#ll'$ Pgrl$h) are:_ The Mission & Maintenance Fund is ID r¢sp¢ct of mouie5 to be spent on evangelism and maintenance at St Julius & St Aaron. Page 26 continued... THE MINISTRY AREA COU.YCIL OF BEECHWOOD VllhlSTRY ARE&.NTW?ORT NOTES TO THE FIP*LNCIAL sfATEMEYfs- eontinued FOR YEAR EP*DED 31 DECEMBER 2022 18. RESTRICTED FUNDS- ¢onti￿lled The Grace Srsters L£gacy F4Jnd is in respect of monies to be spent on church related activitie5 at St Juliu5 & St Aaron. The funds for the benefit of Si Andrew, N¢wport (LILsw¢rry P4rLsb) are :_ The Proceeds oFSale of Curate's House FuDd is in respect of monies to be spent on chutcb related activiti¢8 at St Andrew's Church. Page 27 THE MINISTRY AREA COUYCIL OF BEECHWOOD Mif*lSTRY ARF.A, NIWPORT DETAILED sfATEME.NT OF FIP*ANCIAL AcfITrTfiES FOR THE YEAR ENI)ED 31 DECEMBER 2022 31.12.22 31.12.21 INCOME Af4D ENDOITrThIENTS Donations legacies Donations Gift aid Legacies Grants Net assets introdu¢ed from m¢mb¢r churches 181,969 38,285 3,550 366 1,93?,513 36,023 3,481 8,000 2,156,683 47,504 Other trAding #etlvities Fundraising Other fullLts generated Hall rental in¢om¢ Magazine and other publicatiou sales Sundry income Church building rental Imarish share rebate 11,626 955 11,404 1,895 7.029 2,661 22.787 1,010 3.857 68.069 58.357 72,936 Investment income Rents received Dividendsilnvesthient llicome Bank and building yo¢iety interest 28,975 15,181 608 7,200 4,436 44,764 Charitable activities Fces for oceation21 offices Wedding fee B1¢5sing fee Publication of iwns, funer81 fee, buriat fee and llLemorial fee 1,782 11,027 139 12.613 5,543 25.561 5,543 Other ineome InsLJrance claims 3,405 Total lllcomlng resourees 2,288.770 137,627 EXPENDITLRE Raising donations and l¢g•¢ie* Ctrsts of geneNing resources- giving Costs gf fi]nd rdisitig 153 514 667 This wage does not foTm part of the st&tsffory financial ststements Page•8 THE MLNISTRY AREA COLlSCtL OF BEECUWOOD MCqISTRY ARE& ITW'PORT DETAILED STATEMENT OF FINLNCLIL AcfiviTJES FOR THE YEAR ENDED 31 DECE.MBER 2022 31.12.22 31.12.2L Support costs Other Diocesan share and mission costs Clergy expenses Clergy expenses- mileage Clergy experJ5e5- equiptn¢Dt Council tax Parsonage . water Parsonage - gas Parsonage - electriciry, Clergy- telephone Jnobile and internet Assistant clergy fees and expenses Lay ministers expenses Maintenance of services and young people's activities Costs of verger5, organists and choir hluslc & perfortnance ¢xp¢ll5e5 Music instnunent tuning & rnaintenance Costs of digital services (streaming, subscriptions) Costs of copyright liceD3e Bank and credit card Gharges Cost of printin&post and sti*ion¢ry IA- telephone, mobile and ittten￿t Office and general expelldi￿re Admin and staff salary LLasing and hire purCh￿e charges Professional fee$ Independent exam, audit and a¢¢ountsn¢y fe Supporting charities and individuals Church operating costs- insurarLce Church operating costs- electricity Church operatlng cost8- ¥aS Church operdting ¢osts- water c.hurch operating c05ts- other Churrh repairs alld maintenance Church cleaning Church operatlng costs- telephone. mobile aud internet Church operating c05ts- fiTe equiprnenL r(￿f alami and CCTV service Churchyard [Tranage￿ent ¢ost5 Chiirch hall owating costs- other electric Church hall operating co5ts- gas Church hall operating costs- insurdnce Chu￿￿ hall c06ts- r¢paiT5 and r￿a￿tenanCe Church hall ¢osts- telephone, mobile and internet ca￿led fonvard 195,532 5,592 1,017 934 20 2,218 750 200 666 578 loo 56,333 2,685 5,416 13.536 6,305 90 11,758 62 416 125 5,540 727 2,369 14,639 4.974 2,454 1,260 7.023 6.405 20,785 19,649 1,084 726 103,803 2.896 20,762 5,829 1,773 3,207 7,135 75,2l3 1,904 936 5266 4,689 2,092 4,191 1,729 3,744 630 446,072 184,695 This page does not forn part of the statutory financial staternellts Page 29 TttE MINISTRY AREA COLiliCtL OF BEECHWOOD LNtsfRY AREA, B*lWPORT DETAILED STATEIJE.Yr OF FINAIS'CIAI. ACTEVITIES FOR THE YEAR ENDED 31 DECETrIBER 2022 31.12.22 31.1221 Other BrouJtst fonv Church hall operating costs- cleaning Other propety, ￿paIrS and mjilltenance Other propety- insurdnce Other property- gas Other prDpety- compliaD¢e costs Cburchyard Erass cutting Churchyard strllctural repaits Depn of equipment 446,072 1,666 6,566 452 184.695 52) 215 3,523 1.688 2,745 1,289 462,936 186,581 Governance costs ALtditor5' remuneration 3,600 Total resources c￿nded 467,203 186,58l Net Incomel(eipenditUTe> before galD8 and losses 1.821,567 (48.954) Realised recogThised gallls and 105ses ReaLised gaitTrs4'(losses) on fixed asset investtnents (83,335) 31,026 Net incomel(exp¢nditur¢) 1,738,232 117,928) This page doe5 not fomi part of the statutory fu￿¢la7 stat¢￿¢llts Page 30 ## The Ministry Area Council of Beechwood Ministry Area Newport - Accounts ## Final Audit Report 2023-11-07 Created: 2023-11-07 By: Pat Ward (patvward@outlook.com) Status: Signed Transaction ID: CBJCHBCAABAAETcWU_BoaHl8Ln0tqDxMxwuNpTUv4d9m ## "The Ministry Area Council of Beechwood Ministry Area Newport - Accounts" History ## Document created by Pat Ward (patvward@outlook.com) 2023-11-07 - 7:05:53 PM GMT- IP address: 86.162.173.76 ## Document emailed to Fr William Ingle-Gillis (father.william@bma.church) for signature 2023-11-07 - 7:05:58 PM GMT ## Email viewed by Fr William Ingle-Gillis (father.william@bma.church) 2023-11-07 - 7:17:04 PM GMT- IP address: 81.146.10.142 ## Document e-signed by Fr William Ingle-Gillis (father.william@bma.church) Signature Date: 2023-11-07 - 7:18:11 PM GMT - Time Source: server- IP address: 81.146.10.142 ## Agreement completed. 2023-11-07 - 7:18:11 PM GMT