REGISTERED CHARITY NUMBER: 1137284 REPORT OF THE TRUSTEEI S AND UNAUDITED FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR TFtE MINISTRY AREA COUNC ofi BEEC'HWOOD MINISTRY AREA, NEWPORT Arthur Gait & Company Limited Chartered Certified AccOuntlIS 18 Gold Tops Newport NP20 5WJ
THE MINISTRY AREA COUNCIL OF BEECHWOOD MINISTRY AREA, INEWPORT CONTENTS OF TIIE TrINANCIAL STA TETrIEI NTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Iudependenl Li xaminer's Report St&temeiit of Flnanclal Activities Balallte Sheet Cash Flow S't8tement Notes to the Cash Flow Statement Notes to the Financial StAtemeiits Detailed Stateinent ol f4 inanclal Actlvltles 29 to 31
THE fvttNISTRY AREA COUNCIL OF BEEI CHWOOD MINISTRY ARLI A, NE,WPORT REI PORT OF THE TRUSTEES FOR THE YEAR ENDEI D 31 Dll CEMBER 2024 The tnistee8 present theii L¢POrt with the fIn[CIal stat¢meiits of the chaiity foi. the year elided 31 December 2024. The trusl¢es FLave adDPtLd the provisions ot Accouiiting and Reportkiig by Charities.. St&tenien¢ of Reconunended Practi¢¢ applicable to chai'ilies prep<ifiLig theii. accouLlts in &ccord¥Lnce with tli¢ Fin<incial RepoL'liiig StandaL'd applicable ii) the UK <ind Republic of Irelaiid (FRS 102} (effective l Janliary 2019). The Beechwood imiiiislry Area Council (BMACI has the responsibility of co-op¢ratiiig with the Miiiislry Team luamely the Revd Canoii David M1£ tthews (RectoilML AL and Are& Dean), Ilie Revds Sue Pralten, Linda Batt ('feaTn Vicars) the R¢vd Kay Denly (NSM Residential Vicai.), the Revd SEunuel H¢lkvist (Associate Priest), the Lay Co-cbair Philipp& Dixey aiid the MA Churchwardens Anmllda BerLy and Tim Ford, witli Ibe assistance as requii'ed of assigned PTO Cl¢rgy, in pronioting Lhe whole niissioii of th¢ Cburcli, pastoral, ev1g¢11StIC, SOCliTrl aLid ecumenici¢l alid the goV¢inl¢¢ in P¢lrticulai' of th¢ Church conimunilies within th¢ boundaries of the Deklliery of Beechwood, Newport withLn the Diocese of Moiwnoutli. OBJEI CTIVES AL¥D ACTIVITIES Objectives Ind alms Tlie charitable object 18 th¢ proLnottoii of the whole n]ission of the Chw'c ecumeLIiLgil. pastoral, evangelistic, social, and Signlllcant *ctlvltie8 TILe MAC is ¢ommitl¢d lo elbling as many people as possible to worship al our services &L]d to lifeloiig discipleship through pray¢r <ind scripture, sacrainent and f¢llowship and miitual encour&geinent ii) th¢ Faith. We seek to be a ML ILiistt'y and MissioiTril Area where God comes fLrst aftd lives are changed When plaLUlllig our activities for the year, the InciiLnbent and the MAC have COLi8idered the Charities Comtnission's guid&Lice on public beneftt and, iii p&rti¢iilar, tELe specifiL 8uidaiice on charities for the advanceinent of religioiis pr£ictice. Iii particular, we enColage peopl¢ to IivL Out their Faitli cls part of our Parish conimLllllties through,. WoL8hip and prayer,. Leamiug about the Gospel alld lives of daily discipleship- D¢velopiiig knowledge of aiid trusl. in the Risen Jesiis. We givc prominence lo providing (l ) approprÉ&te pa81.oral care for tILOSC living iii oi associated with the MA (2) mission and outreach through local and nation&LlinLeriiiÉ tional commiinity eiig&gemeiit To facilitate this we mait]taiii with coi]sistency the fabrib of Chiir¢hes and Halls within thc MA Public benefit Th¢ USte¢S coiifirrn thaL th¢y have complied with thelr duty in section 17(5) of th¢ Charities Act 2011 to have due r¢gard for public beiiefit.The obj¢ct for which thc chaiiry is established is lo promote th¢ Gosp¢l ILI liiie with the lea¢hit]gs of Ihe Church in Wales ¥4nd the 1( chi¢v¢Lnents of the ch&rity ill meeting these obje¢ts for 2024 hav¢ been SUmnrised iii this report. Page I
THE MINISTRY ARFA COUNCII, OF B Tr ECFIWOOD MINISTRY ARfi A, &NEWPORT REPORT OF THE TRUSTEES FOR THF, YEAR ENDED 31 DECEMBER 2024 ACHIEI VFMENT AND PERfoRMANCE Worship and Pr*yer The MAC siipports the provisioii of cl range ol services within the wide diversity of Allglican spiriwalities Ilt iracterise this MA at different titn¢s durillg week c1nd over the cow-se of the yeic r I'hat Qui. cominunitie.8 flnd both beiieficial and spii'itually ftilfilliLIg. Foi exdmple, theie is a fiill prograinine of Siiiiday worship wliich is both Eiicharistic and non-Euchaiistic, tliat is led by both Clergy )d Coii)niissioiie,d Lay Worsbip Le&ders, where refreslunents are uffeied after woi'ship lo F&cili11cte befriendiiig in a SEiiril of fellowship and Traith shaTiiig. Weelcday Services provide a qiiiel, iiilimate Ic lid refleclive envii-oiimeiil for worship, sometiines with fociis OLI specific needs (Hoaling, Fic it.h nurturing, the Sick.) oft'eLI followerl by refreshme111s, whilst opportiiiiities 7£ re provided for pastor&l and saci'amental ministry to the housebouLid and others in reiiidenl'ial care or coAiv&lescence through trained Te1¢ ms of Pasl'oral Mi inistry. THE MINISTRY TEAM This year we have been in a tiine of ir&LlSitLOtL OLI the Ministry Team, The Revd GILn Wilkins left the MA in October 2024 to complete liis Curacy in the TredegaL' Park MA. With the preferment of the Revd kvilliam Tiigle-Gillis (who left Ili¢ Pai'(sh otL 31 Marcb), the Revd c.anon DLlvid Matthews was appoiiitcd kuid then iLiducted as I1Mbell( MAL aLid Arel< De<1n in 2024 ai)d in ttLe times of vacuncy, we have been blessed to Illve Lhe ministi'y of both Cl¢rgy with PTO arid iiewly trc1ined Lay Worsliip Leaders lo help sbape and sustain emerging patteri]s of Uollgregcittollal life oveL' recent montlis. The Revd Lind& Balt was aijpointed and tben licensed in Janu&Ly 2025 as Team Vicar within the MA with pastoral oversiglit of Lliswerry it nd Maindee. We look forward to welcoming tli¢ Revd Kay Denly who will be licensed as Residential NSM Vicar in tEEe MA with pastoral ovei'siglit OF Cliristchurch oll 24 Jline 2025. The Revd Sue Pratten i'elaiiis pastoi'al oversiglit o'FCaerleoii aiid the Ei¢vd Sam Hellciisl conliiiues to liave p&storal oversight ot. Alway. C<1no David Matlh¢ws bas pastoral oversight of St Juliaiis along8Lde being Rector ind Area Dean of Beechwood MA as whole. We are supported by a small iiumber of Clergy wiLh the Bisliop's Pemussion lo Officiate (PTO) who, while iiol associaled with aiiy specific coiig'regatt'on in th¢ MK killdly offei assist7¢¢ with Seivice provisioii as required. The Lay Co-chair of Ili¢, MAC, Philippa Dix¢y, has provided miich support dui'ing this tinie of traiisilion ive thik hei for her worlc anLOll&tr us al acro.ss tbe Dioces< Network of Lay Co Chairs. ol MA ChiChward¢lls, Amanda Beny aiid Tini Fold have geiicroLisly provided what has beeli required in their Ministy Ar¢a iole8 uiid we are truly grateful for their service to Us all. The Commissiolled Worship L,eadei's (Arnlda Berry, PFulippa Dixoy and Wendy Matthew8} and our Licensed Lay Minister (J¢mi5 Davies (who completed 50 yeG1rs of R¢ad¢i' MiLliStry iii recent montlis) supported the estsblishmellt and embeddiiig of miich aijpreciated iion-Eucharistic Suiiday (and DccasioLlally weekday) worship (and tea¢hiL1g in the case of LLM Ji111iS) <1cross tho MA aiid this lias c11Ched the prayer and discipleship life of m¢Uiy of OLir congregation$ (ind we are grat¢fiil lo tlieni foT Iheii- angoing worlc amoiig us. THE MINIS'ITrY ARCI A COUNCIL (MAC) The work of the MAC from Spring of 2024 iiito the Spring ot ?025 has been focused on str¢amliiiirLg of GovernEuice, the fiilfilment of good He1( Illi <ind Saf¢ity protocols cuid the OVCL'sibyht of S<1feguardinB and sLe1.d51p aw&reiiess across the MA. Thc MAC lias ratified and SLlPPOrtcd the repair and rebiiildli of the bouiidary wall at Holy Trinity, CbristchurLlI, a su¢cessftil project which11£ St#d from late Spriiig wil'il Dc¢otnber 2024, This was a signifieaiit factor of Iocdl commuuity interest and safcty in Clirislchurch. We are Lrrateilil to all p.11¢S conceined for Ilic collciboratioii, mulual ¢onllnunic&lion aiid biiildLllgT up of good conunwiity relationships wknich ejnerged alld is llow being carried fOrw¢d as 1¢ result, The MAC has ratified and SiiPPOLled a niajoi. project of r¢fiirbishtneiit and r¢oideL'iiig at St Cadoc's, Caerleoii. This yaw the temporary closuL'¢ of the Church biitlding iii Febniary 2024 whilc the works wei'e begun &iid once alrnost corllpleted, Si CadoL's reopened in r¢¢ellt weeks for Simd&y Worship and the Occasioiial Oftices, the Midweek Eiicharist still being celebrated iii tlie local Towii l-lall. The project has attraLted considerablL external eiivironmcntal and alIt-[lidcd support becaiise of its innovative tL'ajeLtory and we cotnmeLid the Revd Siie Pralt¢n, Proj ect Manager Tim Ford ELnd the whole St Cadoc's Tearn foi their dedicatioLi to this worlc over re¢¢iit months, We look forWd to discovering how this ernei'ging veiiture can contribute to blessing and proclaiining the Gospel )d the values and ways of God's Icingdoni iii our Ministry Area. Page 2
THE LWIINISTR Y AREA COUNCIL OF BEECHWOOD MINISTRY AREA, NEWPORT REPORT ofi THE TRUSTEES FOR THE YEAR EINDED 31 DECEMBER 2024 The MAC supported and ratified the successftil repair and LepltL¥ement of the Ai'ts rlnd Crafts wiiidows iii St Jiiliaiis, phase one of whLch IS LIOW conipleted, with phase two due to begin iii August 2025. The MAC has SLipporled and iatified ihe replacaneiit arLd iIistallalion of ali efficient boiler heatiiig system, Sacristy refiirbishment and establ ishm¢iit of 8 comfoLlabl¢ and serviceclble meetiL1g room c1t Sl Teilo's. Alway. Tliis is making oiir MA worsliip and community 8pa¢¢s more fLt for purpose aiid places us iii a better positiOLi lo rea¢ oiit appropLi&l¢ly ill the llame of C]]rist within OLW loci¢ l eiivirollrneiils. Tkne focus of oiir Aututnn, Willt¢r alld Spring MAC deliberations wa8 (1) commiinal alld lip to date safegi1{ ding Traiiiiiig for TriistLCS, iLicluding DBS reqiiirernents, & S¢if¢guardiLig Audit in each coiigLegatioii )d the promolioll of l< culttwe of Safer Cburch as the respoLisibility of everyon¢ in OLIT Churcb comtnLinitL¢S (2) Diocesan Training in Siew<qrdsliip and how lo carry this foi'w&rd across the Miiiistry 'e¢l I'o siini Upi this has be¢n a period of both tr&llSitiOLi aiid consolidation aLid we loolc lo tlie ftillu'e with a sense of r¢uewed puiyose and greater belonging togetber &s Six commuiiities who slLare Failli and Mission as the Church in Beechwood Miiiisty Area, FINANCL4L REVIEW FinaneAal posltton Details of th¢ charityHs performance for the year is d¢l&iled in Ibe Statement of FiLttLncial Activities oil page 7 aiid the positIOll of the chi¢ rity at the end of the fiiiÉTn¢ial y¢ar is detailed in the Balanc¢ Sheet oll page 8. The ¢tLarily'S r¢siilts for the year includes net gains totalling £120,789 in the market value of its investmenls. The Charity's llet deficit for tELe year after <1ccoiintiiig foi. Ilicse gains wag £767,596 and at the end of the financial year its n¢t assets amouiiled to £2,388,892. The charity's total fuiids al 3 1st D¢cemb¢r 2024 ainoiinted lo £2,388,892 of which £l.183,500 are reslL'iCted. Pyincipal funding sources A mixcd portfolio of iiicoine streams providLS the fuiiding neces5Jry to ¥nable the charity to uiidei'take its work.Tbese in¢liid¢ regular gving from paiishiollers, ILgacies, reLils ]d invLstmeiit llicorne. Investment policy &nd obje¢tives In accordance with IhL coiislilulioii, 1]dS owrled by the charity w[Ch are not reqiiued lor curreLIt expellditiire are investcd uiider the direction of the ttvstees. Reserves policy Tlie charity coiisiders tl&it tho r¢svrv¢s should eii<1ble Ilie clLarity to be self supporting for & CLiiisiderable amouLIt of tiine beariiig it] rniiid that approxim&L'ely 500/0 of the charity's I'es¢rv¢s are b¢ld in i'estricted fuiids. Funds lield D¢ttiils of the ch1( rity's fulids are showii in not¢s 15, 17. aLid 18. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument Th¢ ¢harily is coiitrolled by The Collstitution of the Church iii Wales whicli it has &dopLed aiid constittiles aLI uniiicorporat¢d charity, Charity COElStitutlon Tb¢ ¢onstitiilion of Ilie charity is, simply, the ConstitIO11 Df tho ChuL'ch iii Wale8. However, the ¢harity does bave T¢rnis of Reference, wliich the ML illistry Area has adopted for its day-to-day operatLOII8. Recruitment and appointment of new trustees The trLiSteLs uc recruited fro the six churclies th<lt conipi'ise the Ministry Ai'ea. Doclsfion making Decisioiis Ill relcltioii to th¢ Ministry '¢a aL'e tn<2de collectivcly by the trustees al their rLgLilar tneetiiigs. Page 3
THE MINIS'IRY AREA COUNCIL OF BFE,LHWOOD MINISTRY AREA, NEWPOR'r REI PORT OF THE TRUSTEES riOR'fHE YEAR EYI DED 31 DECEMBEI R 2024 STRUCTURE, GOVERNANCF AND MANAGEMENT Key management personnel Tbe tTUStees consider tbat they comprise the mlgeMent of Ihe Ministry AL'ea ill charge of directing, controllillg, rLmiiing and operating the charily on a day-to-day basis. The liwtees are appointed to.tELeir positions aiid do not reLeiv¢ atLy fut]ditLg for the worlc that they und¢rtalc¢ on behalf of the ch1< rity. Rlsk manag¢ment Sl¢ fety and oih¢r procedures have beeii piit in pl<lce In the Churches of the Ministry Are¢2. All risk and safely related procedures reqiiire(I by the Coiistitution O'F the Cliur¢h in Wales are in place £icross tlie Miiiistry Area. They at'e rnonitored by the Miiiistry Area Coullcil ld ils sub-con]rnitte¢s and, where needed, lailored lo the illdi.vidual ch.urches to meet local iieed, "Fhe buildings are uiider COL18taLIt review and are always being improved and rep&ii'ed. Some biiildingg can be easily rep<111'ed whilst other worlis iie¢d aLI architect i-¢sulting ill specialist work being carried out. UnfoLtUli(Itely, iio time limit can be piit oil ally of tkLe larger works but niosl relatively small things cali be doiie quickly. REFERENCE4 AND ADfvIKNISTRATtVE DETAILS Reglstered Charlty iiumber 1137284 Prineipal address 41 St. Julian's Aveniie Nowport Soiilh Wales NPI9 7JT Trustees The Rev'd Dr W C IiiglL._Gilli8 (re8Lgiied 1.4.24} The Rev'd D C M¢ltthews Th¢ Rev'd S A Pratten The Rev'd L Batt The Rev'd S J FIclkvist The Rev'd G Wilkins (resigiied 21,10.24) Mrs S J B&t.ey Ms A J Berry Mr H Dew&r (resigned E.4.24) Ms P Dix¢y Mr T Ford Mi" M Iriolld ML'S T Harris Mi's J J Hayward Mrs W Matiliews Mi's P V Ward ML. H R Wigmore (resigned 1.4.24) Mi. S Adams {resigned 12.5.24) Ms S L Pui'nell-Davis (appoiiitLd 19.6.24) ML- E J GrdiJg¢i (appointed 19.6.24} Independent Examiner Aitliur Gilt & Company Liniited Chartercd Certified Accountants 18 Gold Tops Newport NP20 5WJ Page 4
THE MINISTRY AREA COUNCIL OF BEEL'14WOOD IINISTRY AREA, NLWPORT REPORT OF THE TRUSTEES riOR THE YEAR ENDEI D 31 DECEMBER 2024 CONCLUSION Tb¢ chaii thal$ the Miiiislry Aroa Council for their hard worlc Ov. tli¢ past yeic r and for their generosity of spirit towardg OLie ELnothei' and he welcomes th¢ oppoi'tunity to eonliiiiie workiiig togeih¢r as we talce the Miiiislry Area forward. Approved by order of the board of ts'ltee& on 16 Julie 2025 and signed on its behalf by.. The Rev'd D C Matthews - Trustee Page 5
INDEPELYDENT EXAMINII R'S REPORT TO THE I'RUSTEES OF MINISTRY AREI A COUNCIL or BEECHWOOD MINISTRY AREA, YEWPORT Independellt examiner's report to the trustees of The Mlnistry Area Council of BeeLhTrvood Ministry Area, Newport I report to the charity trustees on my exainiiiatioii of the accounts of The Ministry Area CouLiciI of Beechwood Ministry Area, Ncwpi)rt (the Trust) for tbe year ellded 31 December 2024. Responslbllltfies and basis of report As die cEkii'ity l[ltee5 of the Trust you are respoiisible for Ilie prepai-atlOLI of the accouLils in acc.ord( ¢¢ Wlth the requirenienls of the Cliarilies Act 2011 ('tlie Act'l. T repoi't iii respect oFmy ¢xatnin&lion of th¢ Trust's accounts Carried out under Sectioii 145 of the Act and iLi caLrying out nLy exaniinalion I bcive followed all c1pplicabLe Directions giv1 by th¢ Chaiity Con]mission ullder S¢otioJ 1.45{5)Ib) of th¢ Act. Indepcndent examiner's stutement SinL'e your cLirity's gross income exceeded £250,000 your ek2min¢r rniist be a meniber of a lisl¢d body. I cau coiilit that l anl qiidlified to ulldertake the examination because I ajn 1¢ nrnber of the Associatioii of Oh'tered Certified Accoulltants, wliich ks Oll¢ oFthe list¢d bodi¢s. I h&ve completed niy exainiiiation, I coiifiim that no mi< terial matters have coime to my atleiilion in COLineclioii willi the examiiiation giving me caiise 10 believe thal in any m£iteri&l respect: accoulltiiig records were llot kept in respect of the TrLiSt as reqiiired by Secl'ion 130 of l.be AGI. or the accounts do not accord with Iliose records., oi. t,he accoiiiils do iiol Comply with the applicabl¢ requii'emciits ¢onc¢rniiig the Foi-m [d cont¢nl of CoUnts set oiit in the Charities (Accoiints und Reports) Regulic tioiis 2008 othcr th] &ny reouireinent thi< I the accounls give a true and faiL' view which is Llot a matter considered &s part of ELn iiidepeiidLlIt examination. I hÉlve iio collcerLIS &lld have ¢orLie atiross no other matters ill Collnection with the exatnination lo wkll'ch attention should be drawii in this report ID order to eLiable a proper imderstli iidiiig of the acLoiints lo be rea¢hed. ahiii Khawaj1¢ FCCA The Association of Ch<irlered Ccrlifled AccoiiLILThts Arthur Gait & copanY Limited Chartered Certifi¢d A¢uoimtaiits 18 Gold Top5 Newport NP20 5WJ Date: loz'5 Pase 6
THE IMtNISTRY AREA COUNCIL OF BEECHWOOD MLYISTHY AREA, NEWPORT STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Tol&l fullds 2023 Tot¢il fiu]ds Uru'estricted ftu)ds Restricted funds Nol¢s INCOME AND ENDOW[ENTs FROM Donations and legacies 550,741 l6,667 S67,408 275,703 Charlt&ble activlties SeLvi¢es 17,l53 363 17,516 21,820 Otliei. trading a¢livitie8 Iiivestmeiit income other iiicome LL7,105 32,727 15,515 23,261 L32,620 55,988 91,498 51,841 4,920 Total 717,726 55,806 773,532 445,782 EXPENDITURE ON Raising funds 2,770 1,200 3,970 1,614 Charltable aLtlvities Sei'vLC¥S 1,026,450 631,498 1,657,948 571,046 Tot21 1,029,220 632,698 L,661,918 572,660 Net gains otL investments 31,657 89,133 120,790 257,035 NET INCOMEI{EXPENDITURE) Ti'ansfers between fullds (279,837) 83 {487,759) (83) (767,596) 130,157 Is Net movement funds (279,754) {487,842) (767,596) 130,157 RECONCILIATION OF FUNDS Total ftinds broiight forward 1,485,146 1,671,342 3.156,488 3,026,331 TOTAI, FUNDS CARRIED FORWARD 1,205,392 I,183,500 2,388,892 3,156,488 The iiotes foi'm par¢ of tliese fiiiancial sLit¢ments P&ge 7
THE MINISTRY AREI A COUNCIL OF BEECIIWOOD MINL ISTRY ARE4 A, NEWPORT BALANCE SHEfi T 31 DI4 CEMBER 207,4 2024 TolÉTrl fiinds 2023 Total Ui]L'estricted funds Restt'icted nds Notes FIXED ASSETS Tangible &%s¢ts Inv¢slmeiils 529.745 277,576 529,745 1,188,132 532,490 2,066,768 910,556 807,321 910.556 1,717,877 2,599,258 CURRENT ASSETS D¢biors Cash al baiik 13 56,312 3CI9,401 56.312 642,345 22,827 545,598 272,944 425,713 272,944 698,657 568,425 CREDrroRS Amoiints falliL]g dlie witliiii oiie ye¢V 14 (27,642) 127,642) (11,195) NET CURRENT ASSETS 398,071 272,944 671,015 557,230 TOTAL ASSETS LESS CURRENT LIABILITIES 1,205,392 1,183,500 2,388,892 3,156,488 NET ASSETS 1,205,392 1,183,500 2,388,892 3,156,488 FUNDS Unrestri¢l'¢d fvtids Resb-icted funds 15 1,205,392 1,183,500 1,485,146 1,671,342 TOTAL fi UNDS 2,388,892 3,156,488 Th¢ fmaiicial statements were approved by the Board of Trustees and authorised for issue 16 June 2025 and were signed oil its bch¢ilf by.. Tbe Rev'd D C Matthews - Trustee Mrs P V W1£ I'd - Trustee The not'es form part of these fiiiallciir I statemeiits Pag¢ 8
I'HE MINISTRY AREA COUNCIL OF BEEI CHWOOD IINISTRY AREA, NEWPORT CASH FLOW STATEMEI NT roR IIIE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash floivs from operating activitles Cash g¢n¢rated from op¢rations (914,461) 177,984) N¢t casb used in operating actlVLties (914,461) (7-1,984) Cash Elows from Investing actlvltles Purchase of fixed asset investjneiits Sale of taLigible fixed assets S1¢ le of fixed asset invesliiients Iiiterest rec¢Éved (4,824) (171,128) 170,000 218,098 1,999 1,004,249 11,783 Net eash provided by investing activities 1,011,208 218,969 Change ll) Cash and cash eqiilvalents in the reporting period Cash and cash equivalents at the beglnnlng ot the reportlng period 96,747 140,985 545,598 404,613 Cash and cash equivalents At the eiid of the reporting period 642,345 545,598 The notes fonn part of tlicse fiiiaiicial statetn¢nts Page 9
THE MINISTRY AREA COUNCIL OF BLECHWOOD MINISTRY AREA, NEWPORT NOTES TO THE CASH FLOW STATEMENT roR THF YEAR ENDED 31 DECEMBER 2024 RKCONCILIATTON OF NET (EXPEI LNDI'fuRK)llNCOME TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 2024 2023 Net (eKpenditure}lincome for the reportiiig period (as per the Statement of Flnallclal Actlvitles) Adjustnients for: Depreciation chaLges Gain on investnieiils Loss oil dispos¢l1 of fixed assets Interest reLeivcd Interest reLeiv¢d Increas¢ in d¢blors Incre&sel(decreas¢) i.n creditory (767,596) k30,157 2,745 {120,790) 2,745 1257,035) 80,000 (1,999) (1,062) (13,214) (17,.576) {11,783) 96 (33,580) 16,447 Net cash used in operattons (914,461) (77,984) ANALYSIS OF CHANGES NET FUNDS Al 1.1.24 Cash flow At31.12.24 Net cash Casli al bciith and in l)aiid 545,598 96,747 642,345 545,598 96,747 642,345 Total 545,598 96,747 642,345 The notes fonTJ parl of these fin<qnL'ial sl&lcmLiits Page 10
THE MINISTRY AREA COUTr4CIL OF BEF.CHWOOD MINISTRY AREA, NEWPORT NOTEI S TO THE fi XNANCIAL ST A TEMENTS FOR THE TrTAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIII S Basis of preparing the financial statements The financial stalenicnt5 Of the charity, wbich is a piibLi¢ benefit entity under FRS 102, have been prepared iii accordance with the Charities SORP (fRS I02} 'Accouiitillg alld Keporting by Charities.. Slalement of Recommeiided Pr1< ¢tice applicable to charities prepai'iiig Iheir accouL]ts iii accordance with the Finaiicilc I Reportii)g Standard applicable in the UK aiid Republi¢ of Irelaiid (FRS 102) leffeclive l Janii<iry 20191,, Financial Reportiiig StaLidard 102 'Tli¢ Finat]Ci<21 Repoi'ting StsLndar(l applicELble in the UK and Republic of Ireland, aiid Ilie ChaL'ilieg Act 2011. The flliaLICLal stat¢meiits have been prepared ullder the historical cost coiiveiilLOll, WLtlI the exception of illvesttllents which are included at nTrrkel value, as modifLed by the revaluatLOII of certain assets. The fL]l(Incial statenients clre prepar¢d in slerliiig, which is the n¢t1011a1 ciirreiicy of tli¢ charity. Moiietary amoullts in tliese fuumcial stalemeots are rounded to thc nearest £. Crltlcal 8c¢ountlng judgements and Iiey sources of estimation uncertainty ILI the application of the accouiiting policies, the trLiStees are requiLed to make judgetnellts, estimates and ssiimptions &bout the carrying value of assets and liabilities that are not readily appareiit from other sources. The estimates and underlyilig assutnplions <ire based on historical expei'ience aiid other factors that are COLisid¢red to be relev<lllt. Actual results inay d(ff¢r from these estimates. The estiniates and underlyillg assumptions are ¢ontinii&lly evaluc11ed. Revisions to accouiiting estimates are recognised in the period ILI which the ¢stimate is revised. Significarit judgerneiils- Depre¢i&tioEi of Freehold prop¢rty - tELe Irust¢¢s consider that the residual v&lue of freehold properties is equivaleiit lo their cai'ryiiig valiie aiid therefore deprecialion woiild not be nial'eiial. Source5 of estimation uncertainty: Iii the vi¥w of the tNst¢¢s there are no soiirces of estitnation uncertainty ciffecling ass¢ls OL liabilili¢s al tlie balance sheet datc Ihal are ILkely to result in a material adjustmeiil to thLir carrying amounts in the noxt fiiiallCI< year, Ag$essment of going Loncern The ttU3tees have ass¢ssed whether the use of the going concem &ssumption is appropriate in prepariiig these finanLial statements. The trustees collsider ttLere are no rnÉLterial Lincei'tainties about the Chit}IS ability lo Loiilinue its operatiolls lind their review of tlie chllrity's finaLicial position, levels of reserves and fLltui'e plans give them confidence that Ihc charity will reniain a going conccrn for a period iii excess of twolve months froni Ib¢ date of approval of these financi<il sttLtLrn¢nls. Income All income is recognised in the Stat¢meiit of Financial Activities oiice the ch&rity btis eiititleJnei)t Lo the hiids, it is prob<lble thclt the iiicome will be received Èuid the <lmouiit can be measui-ed rcliably. The following specifjc policies apply to categories of inconie.. Doiialions É211d le acies DoLl<ltions aiid legacies ncoMe includes donations, giftg and grants is I'ecog11ised where Ih¢r¢ is eLilitlem¢nl, probability of receipt and the <linoui)I can be measlid with sutricieiit r¢liabilily. liivestment in¢om¢ ILivestment Liicome is I'¢cogiiised at the lime of being received. continued...
TFtI MINISTRY ARII A COUNCIL OF BEECHWOOD MLYISTRY ARE4 A, NEI WPORT NOI'ES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 Dll CEMBER 2024 ACCOUNTING POLICIII S - continued Expenditure Liabilities are recognised ic s expidi[re aq soon as tliere is a legal or constNctive obligatioii conllnitling the Charity to that expenditure, it is probable Ib<1t a trai)sfei' ot ecollomic beiiefits will be reqiiired in settleent lilld the amouiit of the obligiG lion cali be nieasured reliably. Expellditure is ¢1CCOLiiiled foi. on lli) accwals basis aiid has becn classifL¢d iit]d¢t li¢adiiigs that aggi¢gat¢ all cost r¢l&ted to the cal'egory. Where costs C<iniiot be directly altt'ibuled lo parliclilar headings Iliey h1¢ ve beeii loCated to actLVities on # basis consisterLt with the use of iesow'ces. Expeiiditure oil raisiiig funds inuludes th¢ costs of all Iiindraising activities, events, non-c]witable trading a¢livities and the Sl< le of doiiated goods. Expenditt]re oil chai'itable a¢tLVities includes all costs iLi¢urred by the charity iii uiidei'lalciiig aclivilies Iliut ftirlher Lls chartiable aims for the beLiefLt of its beneficiaries, includiiig those siipport C051s aL]d costs i'elatlLig lo Ibe governaiice of the charity apportioned lo charitable activities. Allocation and Apportionmenl. of costs Support costs and gove1)e¢ costs are apportioned on the basis of the use of resoiirces. Tangible tixed assets Taiigible fixed assets witLI a useftil life of oveL' unt ye1¢ r or moi'¢ are capitalised ¢qnd i'ecogiiised when fure econoniic benefits are probable aLid the cost or value of the asset can be me2suYed reliably, The tru8tees ¢onsid¢r that the Lesidual valLie of fi'eeliold propcrti¢s is eqiiivalellt to their carrying vlue and therefore no depreGLtition 1,5 charged on these assets, Deprecialioii is provid¢d on e£iuipiThcnt Llt the rate of 25Q/o pei. Iniillm on cost iii order to write off each asset over its estimated usefid life. Taxation The Lharity is exempt froin lax oil its charitable &clivities. Fund aCCOUlltlllg Unrestricted fuiids ¢aii be iised iti accordance witli thc ¢harilabl¢ obje¢liv¢s al the digciction of the truste¢s. I)esignated funds al-e wireslricted funds earmarlce(t by the Irusteeb for a parti¢ul<U' fiiture pt'ojL¢l or CQLntnilmellt. RestriLled funds cali only be lised for particular reslrictcd purposes within the objects of Ihe chily. ReslrictlOLIS arise when specified by the donor or wh¢ii funds aLe raised tor partillar restricted purposes. Fiirth¢r explaiiation of th¢ Liatui'e and purpose OC ¢a¢h ftd is included iii the notes to the fillancial staletnents. rinaiiclal Instruments The cli1< rity has finaiicial assets and findLicial IL<ibilÈties of a kind that qualify as basic fiiianLial instrLimenls. BagiL finaiicic11 insttiiments are iiiitialLy recogLiised 1( I tr1( ns(ICtiOll Vl¢ liie and substsqucrttly tn¢É1sured at Ili¢ pres¢nl valiie of ftiture c&sh flows {&mortised cost). No dLSCOLlllting has be¢ii appli¢d lo Ibese fin&n¢tal in8trLimenls on th¢ basis that the periods over which amoLiiits will be settled are siich that atly discountillg would be immateiial. FiLiaL]cial asse18 and liabilities are offset and the nel atnount reportcd LLI the balarLce sheet only when thcre IR an Ciifor¢¢able right to s¢1 OFF. thc r¢¢ognised amoiinls ELnd there is q< n intentioii to settle on a net basis 01- to Lealise the asset and s¢ltle the liabiLity simullalleously. Tradc aiid oLLicr debtors that are reccivablo within one y¢ar and do llot cot]stilLlte a fll]allCllig tt'ansaclion are recorded clt tlie uiidiscouiiled amount eKPLCted lo be received, Liel of imp&iirneiit. Cash and cash cquiv8leiils comprise cash at bank £ind in haild. Page 1.2 ¢oiitinLl¢d...
THE MINISTRY AREIA COUNCIL OF BEECHWOOD MINISTRY AREA, NEI WPORT NOTLI S TO THE FINANCtAL STATLMEN"IS - conlthued FOR THE YEARENDED 31 DECEMBIIR 2024 ACCOUNTING POLICIES- contlnued Flnfincial Énstruments Tiade aLid other creditors are inili¥¢lly recogLiised ¢it the transaction price aiid are thereafter stated ¢1l amortised cost usiiig the effeclLV¢ illter¢81 metliod unless the effect Df discountiiig woiild be inirnateiial, in which case they are slated 1¢ t cost. Volunteer help Tb¢ valLie of h¢lp received fi'om volunteers is not inGliided tbe financial statements. Operatfing leases Rental payments Linder operating l¢lls¢s are charged to the Sialetnent of Fitlallcial Activities on a straight line basis over the term oFthe le1< se. DONATIOL¥S AND LEGACIES 2024 2023 Donations Gift aid Legacies GranL 161,639 26,407 17,957 361,405 180,654 22,490 32,000 40,559 567,408 275,703 Grants received, ui¢luded in the above, e as follows,. 2024 2023 Other graiits 161,405 40,559 OTIIER TRADING AcTIVIEs 2024 2023 Fundraising Other funds gener¢1ted Flall rental income Magazine and other publicatiorL 8c11es Suiidiy iiicorne Church building rental MParIsh share reb<itc 54,672 21,587 29,965 1,741 10,263 6,440 7,952 34,094 18,962 19,239 3,117 5,592 715 9,779 132,620 91,498 Page13 conlinucd.,.
THI MINISTRY AREA COUNCIL OF BEECFIWOOD MINISTRY AREA, ENEWPORT NOTES 'fo THE FINANC'IAL STATELWIENTS ,. contlllued riOR THE YEAR EINDED 31. DECEMBER 2024 INVESTMENT INCOME 2024 2023 R¢nts rec¢ivable Dividends alld itivestment iiicome BtLnk and buÈldiiig 8OCLety LLlteresl 16,599 27,701 11,688 17,990 30,790 3,061 55,988 51,841 INCOII qE FROM CHARI'fABLE ACTIVITtES 2024 2023 Activity Seivices Services Services Fees foi. ucLatioil orriccs Wedding fees Blessllig fees Piiblicatio]] of bELnn8, fuiieraL f¢¢s, l)urial fe¢s memori1£1 rees '751 2,845 50 2,182 6,947 580 ServiLes 13,870 12.111 17,516 21,820 RAIStNG FUNDS R2lslng donations and legacie.s 2024 2023 Costs of g¢ner<21iiig irsources . giving Costs oFfid raising 201 3,769 1,78 3,970 1,614 CHARITABLE ACTivfKIEs C'OSTS Siipport costs (see iiole 8) Services 1,657,948 Page 14 Lolltiniied...
THE MtNISTRY AREA COUNCIL Ob BEECHWOOD MINISTRY AREA, WPORT Tr40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR LNDED 31 DECEIWIBEI R 2024 SUPPORT COSTS Othei. Sei'vices 1,657,948 Support cobts, includ¢d ill the above, are as follows.. 2024 2023 Total ,Iclivilies Services DiocesaLi share aAid missLOll Costs Clergy expeitses Clergy expenses - rniIeRge Clergy expeLises Plllltiiig, postÉlg¢ and statioii¢ry Clergy expenses - eqiiiptnent CoLincil tax Pillsonage water PsonagC gas Parsoiiag¢ ¢l¢cl'rtcily Clergy - telephone, mobile ¢lnd int¢rnet Assisttint clergy fees aud ¢xpenses i aiiilenallce of services and yoiing people's activitie8 Vergers, oi'ganists alld choir MLiSiC and per'loml)¢¢ Copyright lice1¢ Baiilc and credit card ¢hEU'gos Printing,poslage and stationery MA - tel¢phoiie, mobile and inlerllet Office alld general expenditure Ad1n d staff salary L¢asing ciiid hir¢ purchase charges Piofessional fees Indepeiideiil examinatiou and accouiilancy fees Suppoi'l'ing chdriti¢s and indtvidiials Chiii'cb insurance Chiirch electricity Church gas Chlirch water Chiircb other costs Chiirch repairs <ind ill<1inten1c nce Chiirch cleaniiig Chlirch l¢lcphoiie, mobile and iLileiTLet ChLlI'ch fire equipmeiil, roof alarm and CCTV service Cliurcliyard m1cnagemcnl Lost8 Chiirch Iiall other costs ChLirch hall electric Chiii'ch hall gas Chiircli hall insuraiice Church h&ll rcpairs and maintenance 150.409 4,884 689 186,423 6,161 859 645 621 244 20 2,378 480 480 628 452 1,824 480 480 640 6,294 16,862 15,587 2,5.11 766 115 4,793 1,299 1,379 13,986 5,362 8,829 12,913 807 154 5,046 647 1,269 7,954 3,966 2,108 6,000 5,112 12,385 11,732 20,927 1,024 3,841 1,335,729 5,000 2,551 I2,103 28,151 16,381 917 3,146 41,107 3,356 2,286 2,517 1,475 4,778 280 3,795 8,701 4,585 3,331 968 1,916 847 3,531 2,631 2,511 2,604 CcTried fomard 1,640,454 400,281 Page 15 cantinued...
THE MINISTRY AREA COUNCIL OF BEI LCEIWOOD MINISTRY AREA, NEWPORT NOTES TO THE FINAIYCIAL ST ATEMENTS - Lontlnued FOR THE YEAR ENDEI D 31 DEI CEMBER 2024 SUPPORT COSTS- Lontinued 2024 2023 Total activities Services Brought forward Cliurch hall teleplioThe, mobile and iiikriiel Chiirch hall cle£Ing OtheL propttrty r¢paiis aiid maintenance Otli¢r property insur1< nce OlheL pi'operty electricity and gas Other property compliaLice costs ChuichyaLd grass cutting Chiiichyard stl'LiCtui'al repairs DepL'eciaÈioii of tl¢ iigible fixed ¢issets Loss on sal¢ oftangible fixed assets 1,640,454 61 3,"167 72 400,281 516 5,198 824 1,337 621 2,399 76,01)3 2,745 80,000 479 2,384 7,986 2,745 1,657,948 571,046 'rRUSTEI Ei S, REMUNERA TIOIY ANI D BINEf4 ITS No trustep receiv¢d any roiiiuLieratioii or IieiiefIls from the charity diiring tbe Ye (2023 £0), Trustees, expenses Ther¢ were oo tNgte¢s' ¢xp¢ns¢s paid foi. the year elided 31 December 2024 nor lor the year ended 31 Decernbei. 2023. io. COMPARA TIVE% FOR THL SI'A"IELIqENT OF FINANCIAL ACTIVITIES UL]restricted Rcstricled ftinds Total ftiiids INCOME AND ENDOWMENTS FROM Donaliuns aiid legacie 265,137 10,566 275,703 Charitable activltles Services 21,002 818 21,820 Other tradIl activities lllvestmeiit iiicome Otlier income 86,380 40,254 4,920 5,118 11,587 91,498 51,841 4,920 Tot41 4l7.693 28,089 445,782 EXPENDITURE ON Raising lia$ 1.214 4.00 1,614 Charitable activities Services 482,232 88,8l4 571,046 Total 483,446 89,214 572,660 Net LStiins oli investmeL]ts 160,765 96,270 257,035 P¢igc 16 iontinued...
THE MtNISTRY AREA COUNCIL OF BEECHWOOD MLNISTRY AREI A, NEIWPORT NOTES TO THE FINAINCIAL STATEMENTS - continued roR THE YEI AR ENDEI D 31 DECEIMBEI R 2024 io. COMPARA TIVES FOR THI STATLMFNT OF FINANCIAL ACTIVITIES - contlnued Unreslricl¢d Restricted fuiids fiiiids Total ftinds NET INCOME Transfers between funds 95,012 ( I18,894) 35,145 118,894 130,157 Net movement in funds (23,882) 154,039 130,157 RECONI CILIATION or FUNDS Total fwjds brought forwaid 1,509,029 1,517,302 3,026,331 TOTAL FUNDS CARIUED fi ORWARD 1.485,147 1,671,341 3,156,488 ii. TANGIBLE FIXED ASSEI TS Freehold property Eqiiipmeiit COST OR VALUATION At l January 2024 alld 31 December 2024 527,000 10,980 537,980 DEPRECIATION At l Janiiary 2024 Cliarge for yei1r 5,490 2,745 2,745 At 31 DeceinbeL 2024 8,235 8,23i NET BOOK VALUE At 31 D¢c¢mb¢i' 2024 527,000 2,745 529,745 At 31 Decembei 2023 527,000 5,490 532,490 Cost or valuation c1t 31 December 2024 is repi'esented by.. Freehold property Eqiispmellt Totals Valiiation in 2023 Cost 125,500 401,500 125,500 412,480 10,980 527,000 10,980 537,980 Page 17 continiied...
THE MINISTRY AREA COUNCIT., OF BEECHWOOD MINISTRY A, NEWPORT NOTES TO THE f4lNANCIAL STATEMLI NTS. contlnued r<OR THE YEAR ENDED 31 DECEMBER 2024 12, FIXED ASSET tNVESTMKNTS Listed iLiveslmenls MARI<EI T VALUE Ai l Jaiiiiary 2024 Additions Disposals RevaliiatioLIs 2,066,76 4,824 (1,004,249) 120,789 Al 31 r)ecember 2024 1,188,L32 INE4 T BOOK VALUE Al 31 December 2024 1,188,132 At 3 l December 2023 2,066,'768 There were iio iiivestnient asset8 Olltside the Ulc. Cogt. or valiiation at 31 December 2024 is represented by: T.isted iIIV¢8tr(Lents V&lLiation ui 2022 Valuation in ?023 Valliation iii 2024 Cost (228,276) 133,273 120,789 1,162,346 1,188,132 If tlie iIive5tments li(1 llot beeii revdluod they would have b¢¢n iiicluded aL' the 'Followiiig hlstorical cost: 2024 2023 Lost I,162,348 2.1 61,773 Aggregat¢ provisions 95,003 95,003 FixLd asset investments were valued oll an open market val.ue basis Dn 31 Decemb¢i' 2024 by various iiivcstLiient advisers. Page 18 ¢vntinued...
THE TrIINISTRY ARE< A COUNCIL OF BEE¢ CHWOOD MILNISTRY AREA, NEWPORT NOTEI S TO THE FINANCIAL STATEMENTS - continlled FOR THE YEAR ENDED 31 DEI CEMBER 2024 13. DfBTORS: AMOUNTS FALLING DUE WtTHIN ONE YC4 AR 2024 2023 Trade deblors Other debtOL'S Prepayments and accrued ineonle 45 5,496 17,286 3,488 52,813 56,312 22,827 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade cr¢dilors Othei. creditors 22,442 5,200 5,785 5,410 27,642 11,195 P&g¢ 19 conliniied...
THE MENISTRY AREA COUNCIL OF BLECHWOOD MINISTRY AREA, NEWPORT NOTES TO THE FIIYAIYCIAL STATEMFNTS - contlnued FOR THE YEAR ENDEI D 31 DECEMBER 2024 l5. MOVEMENT tN FUNDS Net movemeiit in Funds Tr]Sfe1'S between furLds Al I,1.24 31.12.24 Unrestricted fund5 Geiieral ftiiid St John's - Choir St John's - Flower St Jobti's - Legacies Ld Gifts SL. Joliii's - Org(Ill St Johii's - Parish Buildillg Lhristchurch - Church Laiid Sales Fund Chi'istchui'ch - JAM Club Christ¢burcb - Legacies and Gifts Christchurckn - Night Shelt¢r Christchurch - PaLochilc l Monies Fund Christchurch - Property Fwid Circle of Friendship Roof Fulld 478,494 2,523 1,049 81,544 4,635 19,131 239,723 256 80,512 1,603 109,676 466,000 (64,503) 840 (75) 13,436 (351) (JAO) {87,038) 533 414,524 3,363 974 94,980 4,284 18,691 152,685 256 47,690 1,603 (32,822) {109,676) 466,000 192 150 642 150 (450} 1,485,146 {279,837) 83 1,205,392 Restricted funds .%t. Cadoc's - Miss M¢iry Noreeii Burge Bequest St. Cadoc's - Donald Herbcrt John Lc,iiijs Bequest St. C'ailoc's - Chancel Repair Fuiid St. Cadoc's - Boundary Wall Trust St. Cadoc's- other Trusts St. lollll's - Fabric St. Johii's - I.egacies ]d Gifts St. John's- Sunday School ChrL.8tchiirch - Lalldb Ti'ust Fuiid St. luliuii's Mi issioii and MaintetiEuice FIiLid St. .luliAii's Gt7ce Sisters, Legacy St. Aiidrew - Procceds of Sale of Curate's FIouse St. Jolui's - ConununLty Yoiith Project Christchiirrli - Church WIL11 Fiiiid - East Christchurch - Chui'¢hyard Fund Christchurch - Fabric E",uiid Christchurch - Votive Candles St Jilli1,5 NVindoNv Appecil St Juli&n's - Wlilsillgham Fiiiid St Juliaii's - 100 Club Frieiids of Sl. JuliLn's Parish Churcli Cl]rislchurch - I-loly Trinity's Fiinds 760,439 {578,102) 182,337 241,803 13,802 64,757 12,884 80,748 28,645 1,095 4,749 854 9,223 270,448 14,897 69,506 13,738 89,971 17,113 5,557 316,763 5,277 293,73 5 (83) 23,028 33,826 60,000 (138) 33,688 60,000 53,871 2,996 601 159 4,840 670 19,124 2,640 2,057 2,723 56,594 2,996 601 522 363 (4,840) 670 30,581 2,640 3,789 6,OS9 5,000 11,457 1,732 6,089 5,000 1,671,342 (487,759) (R3} I,183,500 TOTAL FUNDS 3,156,488 {767,596) 2,388,892 Page 20 oiilinued...
THE MINISTRY AREI A COUNCIL or BEECHWOOD MINISTRY AREA, NEWPORT Tr40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YII AR ENDED 31 DECEMBER 2024 15. MOVETrICI NT IN FUNDS - continued N¢t movement in ftinds. inclilded iii the above 'e as follows.. ILi¢omiiig resources Resoiirces expetkded Gl< ins and losses Movement in fiitLds Unrestricted funds General fulld St Johii's - Choir St Johii's - Flower St John's - Legic cies aLid Gifts St Johii's - Organ St Johii's - Parish Biiilding Christ¢huruli - Church Land Sales Flind Christchiwtih . Legacies Gift Clll-istchiirch - Parochial Moi)ies Fluid Circle of Frieiidship Roo FFund 674,376 4,558 45 6,357 22 (745, L 39) (3,718) (120) 6,260 (64,503) 840 (75) 13,436 7,079 (373) (440) (105,172) (60,315) 1113,943) (440) (87,038) (32,822) (109,676) 642 150 5,850 24,593 1,133 642 150 12,284 2,900 3,134 717,726 (1,029,220) 31,657 (279,837) Restricted funds St. Cadoc's- Miss M<1ry Noreen Burge Bequest St. Cadoc's - Doiiald HerberL .Tohn Lewig Bequest St, Cadoc's - Chancel Repair Fund St, Cadoc's- BouL]ddty Wall Trnst St. Cadoc's- OtheL TLusts St, JohLi'S Fabric St. John's - Sunday School Christchurch- Lands Ti'ust Fiund St, Sliliaii's - Mission and Maintenance Fund St. Andi-ew - Procecds of Sale of Curate's Hoiise Christcliurcli- Churehyard fund Chrisl'chiiich- Fabric Fuiid St Juli&ii's - Wiiidow Appek]I Sl Julian's - l 00 CILib Friciids ol St, .Tiiliaii's Parish Cliurch Chrisl'¢liurch - Holy Trinity'% Funds 6,777 (6 L8,205) 33,326 (578,102) 28,645 1,095 4,749 854 28,645 1,095 4,749 854 9,223 363 23,028 4,826 113 7,211 250 15,817 576 {714} (138) 2,723 363 363 (4,840) 11,457 1,732 6.089 5,000 {4,840) 11.457 2,932 13,828 5,01)0 (1,200} (7,739} 55,806 (632,698) 89,133 (487.759) TOTAL FUNI DS 773,532 (1,661,91S} 120,790 {767,596) Page21 contÉiiiied,..
THE TrIINISTRY ARLI A COULYCIL OF BEECHWOOD MIIYISTRY AREA, NEWPORT NOTF.S TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EIYDED 31 DECEMBER 2024 MOVEMENT IN FIUNDS- continued Coinparatlves for movenient Ill funds Net Inovemeiit iii fuiids Tr<1Thsfers bclw¢eii fullds Ai 31.12.23 At 1.1.23 Unrestrieted funds Gener<l1 fuiid St John's - Choir St Johri's Flower St John's - Legyacies (d Gifts St John's Nightsheltei St JohLI'S - Orgaii ,8t John's Parish Building St John's - Youth CIu'Èstchurcli - Chlirch L1£ lid Sales Fliiid Chi'LStchurch - JAM Cliib ChristLhiircli - Legacies smd Gifts Christ¢hur¢h - Night Shelter Chi'istchLwch - Paioclual Moi)ies Fuiid Christchurch - Pt'opeity FuLid St Jiiliati's missio and Ititeiiallc¢ 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 8,090 1,253 61,406 1,074 478,494 2,523 1,049 81,544 5,435 (542) 4,635 19,l31 (1,074) 17,918 239,723 256 80,512 1,603 109,676 466,000 7,731 40,434 15,366 (164,934) (15,366) 1,509,029 95,011 (118,894) 1,485,146 Re8trlcted funds St. Lado¢'s - Miss Mary Nor¢ct] Biirge Bequest St. Cadoc's Donald Herbert Johii Lewis Beqiicst St. C2É doc's Cliancel Repair Fuiid St. C2< doc's Bouiiddry Wall TLliSt St. C,10C'S - Oth.¢i Trusts St. Jotm's - Fabric Sl. Jokn's - Leg¢¥cies aLid Gifts Si. Jokin's - S'uiiday Scliool C'brislchurch - Lands Triisl Fund St. Julian's - Mission and Maintenance Fiiiid St. Julisiii's - Grace 8islers' Lcgacy Si. Andrew - Proceeds of Sale of Curate's Flouse St. Jol]n's - CummiiniLy Yoiith Pi'oject Chrislchiir¢E] - Church Wall F"iiiid - East ChrislchuLch - Churchyard Fiikid Chrislchurch - Fabric Fluid Chrisl¢hurch - VolivL Candles Sl Julian's - Window Appeal St Julian's - Walsiiigham Fuiid Sl Jul iaii's - 100 Cliib 703,601 56,838 760.439 276,734 12,764 59,989 11,864 72,l25 16,019 4,928 113,635 15,069 (50,000) 241,803 1.3,802 64,757 12,884 80,748 I7,IL3 5,277 29.3,735 4,768 1,020 8,623 1,094 349 15,166 164,934 45,760 60,000 66 (12.000) 33,826 60,000 51,523 2,996 601 S26 83,5()7 670 2,348 53,871 2,996 601 159 4,840 670 19,124 2,640 2,057 (367) (73,3211 (5,406) 3,758 (3,360) 2,057 15,366 6,000 1,5 [7,302 35,146 118,894 1,671,342 TOTAL fuNDS 3,026,331 130,157 3,156,488 Page 22 ¢onliniied...
THE MINISTR Y AREA COUNCIL OF BEECHWOOD MINISTRY AREA, LYEI WPORT NOTES TO THE FITrIANCIAL STATEMENTS - continued FOR THE YEAR EPIDEI D 31 DECEMBER 2024 15. MOVEMENT II¥J FUNDS . continued ComparELtive Iiet mov¢ment in ftiftdg, iE]cluded in the above are as follows,. ILicomiiig r¢sow'c¢s Resoiirces expeThded Gall aiid losses MovemeLII in funds Unrestrieted funds Genei'al fund St JohLI'S - Choir St JohLI'S - Flower St JohLI'S - Legacies Ind Gifts Sl JohLI'S - Nightshelter Christchurch - Church Land Sales Fiind Chrislchiireh Legacies nd Gifts ClwislchLirch - Paro¢lii1c l Moiiies Fund Christchurcli - Property Fund St Jillian's Mission and Mciiiilenance 389,530 2,114 loo 300 (390,154) (861) (100) (1,134) (542) 8,714 8,090 1,253 6,269 5,435 (542) 17,918 (674) 7,731 40,434 15,366 5,545 2,346 2,392 12,371 2,570 5,339 125,500 (5,590) (85,066) 15,366 417,693 (483,447) 160,765 95,011 Restricled tunds St. Cadoc's- Miss MY Noreen Burge Bequest Si. Cadoc's - Doithld Herbert John I.ewis Beque8t St. Cadoc's - Cce1 Repair Flind St, Cadoc's - Boundaiy Wall Tiust St. Cadoc's .. Other Trusts Si John's fabric Si, Johii's Legacies and Gifts Sl. John's - Sullday S¢hool Cl]rist¢L]uicb - Lallds Tnist FLthd St. JLilii< Il's Mission aThd Maint¢nallce Fuiid Sl. Andrew- Proceeds Of Si¢ le ot Curate's House Chri8tchurch - Churchyard Fuiid Chi'islcllCh F&bL ic Fund Sl Julian's- Witidow Appeal Sl Julian's - WalsiiighaLn Fund Sl Juliaii's - 100 Club 56,839 56,838 (i) 15,070 1,038 4,768 1,020 4,156 756 241 12,381 15,069 1,038 4,768 1,020 8,623 1,094 349 15,166 4,467 338 108 2,785 1,187 (I,l21} 66 2,348 818 3,634 3,758 6,191 2,457 2,34 8 (167) (73,321) 3,758 {3,3CIO) 2,057 (1,185) (76,956) (9,55 L) (400) 28,089 (89,213} 96,270 35,146 TOTAL fuNDS 445,782 (572,660) 257,035 130,157 Page 23 coiiliiiued...
THE MILNISTRY AREA COUNCIL or BELI CEIWOOD MINISTRY ARL4 A, NEWPORT NOTES TO THE FINANCIAL STATEMENTS - continiied FOR THE YEAR EINDED 31 DECEIMBER 2024 Is. MOVEMENT IN FUNDS - continued A oirreiit y¢ar 12 InoLlths aiid prior year 12 nioiiths combiLi¢d pos11ion is as follows.. Net movemeiit in fiJnds Trangfers belweeLI fuLids Al l.1,23 31.12,24 Unreslrlcted funds Gelleral ftiiid SL Johrn's - Choir SL. Johii's Flower St Jol)tl'b - Leg¢icies aiid Gifts St Johii'8 - Nightslielter St JohLI'S - Organ St John's Pai'ish Buildiiig St Johll's - Youth ChristchLITch - Chiirch Lalld Sales Fund Christcliurcb - JAM Club Clwistcliiirch Legacies Gitts Clwistchiirch - Night Slielter Christchiirch . Parochial Monies Flind Christchurch - Property Fwid St Jillian's Mission Maint¢iiauce Circle of Frielidship Roof Flind 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 (56,413) 2,093 (75) 18,871 (542) (3511 1440) 61,939 1,074 414,524 3,363 974 94,980 4,284 18,691 (1,074) (69,120) 152,685 256 47,690 1,603 (33,496) (101,945) 40,4.34 15,366 642 150 (164,9341 (15,366) (450) 466,000 192 150 I,509,029 {184,826) I,205,392 Restrlcted funds St. Ladoo's - MissL M ary Nor¢¢LI Bul'ge B¢qiiesl St. C&doc'.4 - Donald Flerberl JoliLI Lewis BcqiiLsl St. Cadoc's char¢1 R¢pÉ1ir Fuiid St. Cadoc's - Bound2ry W211 Trust Si. Cadoc's Other Tritsls St. John's - Fabi'ic St. John's - Legacies ¢iri(l Gitls St. JOI,$- Sunday School Chrislchiirch - Laiids TrLiSt Flind Sl. Julian's - Mission and Maintenance Fuiid St. Julian's - Grace Sisters, Legacy St. Andrew- Proceeds of Salc of Cw-ate's Hoiise St. John's - Conununity Youth Project Christctliirch - Church Wkll Fukid - East Christchiir¢h- ChuLchyard FuLld Cliristchurch- Fabiic fuiid Chi-istGhurch - Votive Candles Sl JuliaLI'S - Willdow Appeal St Julian's - Wo< Isiiighain Fiind Sl Juliall's - 100 Club Frionds of St, Julian's Parish Church Chi'islchuLch- Holy Trinity's Funds 703,601 {521,264) 182,337 276,734 12,764 59,989 11,864 72,125 16,019 4,928 113,635 43,714 2,133 9,517 L,874 17,846 1,094 712 38,194 (50,0001 270,448 14,897 69,506 13,738 89,911 17,113 5,557 316,761 {8.31 164,934 45,760 60,000 (72) (12,000) 60,000 51,523 2,996 601 526 83,567 670 5,071 56,594 2,996 601 522 {4) (78,161) (5,406) 670 30,581 2,640 3,789 6,089 5,000 15,215 (3,3 60) 3,789 6,089 5,000 15,366 6,000 1,517,302 (452,613) 118,811 1,183,500 Page 24 coiitiniied.
THE TrttNISTRY ARLI A COUNCIL OF BEECHWOOD MLNKSI'RY AREA, NLWPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR 'fHE YEAR ENDED 31 DECEMBER 2024 15. MOVETrL IENT tN FUNDS - continued TOTAL FUNDS 3,026,331 (637,439) 2,388,892 A ¢wr¢iit year 12 Lnonths and prior yei¢ r 12 moiiths Combined net movement in ftinds, incliided ill the above are as follows.. Incoming resourc¢s Resources ¢xpeLided Gai118 and losses Movement in ndS Uiirestrlcted funds General fiii)d Sl John's - Choir St John's- Flower Sl John's- Legacies thd Gifts St JohLI'S - Nighlshellei. St JohLI'S - OrgaLI St John's - Parish BuildiLig ChristchurLh - Chuich Laiid Salcs Fulld c11St¢hurCh - Legq¢ cies and Gifts Christchiirch - Pai'ochial Monies Fid Clu-istchurch - Pi'op¢ity Fimd St Juliaji's Mission and MaiiiteridiiGe CirLlc of Frieiidship RooFF'iiiid 1.063,906 6,6'72 145 6,657 (I,135,293) (4,579) (220) (1,134} (542) (373) (440) (105,172) (65,905) (113,943) (85,066) 14,974 (56,413) 2,093 (75) 18,871 (542) (351) (440) (69,120) (33,496) (101,945) 40,434 15,366 642 150 13,348 22 11,395 26,939 3,525 24,657 5,470 8,473 125,500 642 150 1,135,419 11,512,667) 192,422 (184,826) Restricted funds 8L. Cadoc'5 - Miss Mary Noreell Burg¢ Bequest St. Cadoc's - Donald Herbert. John Lewis Biciu¢st Si, Cadoc's- Chancel Repaii. FuLid Sl, C&doc's- Bou]]dY WalL Tiusl St. C&doc'8 - oilier T'rusts St. Jokni's Fabric Si. Johll's - Legacics And Gifts Sl. Johll's - Sunday School Chrisl¢hur¢b - Lc1nds Trust Fuiid Si. Julian's - Missi4)Ll and MaiL]tenanc¢ 6,776 (618,20J) 90,165 (521,2C)4) (i} 43,715 43,714 2,133 9,517 1,874 17,846 1,094 712 38,194 9,517 I,874 8,553 756 491 28,198 9,293 338 221 9.996 1,763 (1,835) (72) St. Andrew - Pi'oceeds Df S¢ile r)f CuLate's .Hoiise Christchurch- Cliiirchyard FuLid Christchurch - Fabi'i¢ Fiiiid Sl Jiiliai)'s - Window Appe#l Sl luliaLI'S Walsiiigh&ni Fiind St JiiliaLI'S - 100 Club Fri¢nds of Si. Julian's Parish Church Christchurcli - Holy Trinity's Fullds 5,071 1,181 3,634 15,215 6,191 5,389 13,828 5,000 5,071 14) (78,161) 15,215 (3,3 60) 3,789 6,089 5,000 (L,185) (81,796) (9,551) (1,600) {7,739) 83,895 1721,911) 185,403 (452,6131 TOTAL FUNDS 1,219,314 (2,234,578) 377,825 (617,439) P2¢ ge 25 coiilinued...
TFIE MtNISTRY ARE< A COUNCIL OF BEECHWOOD M1Tr4ISTRY AREA, NEI WPORT NOTES 'fo THL FINANCIAL STATEMENTS - continued roR THE YEAR ENDEI D 31 DECEMI BER 2024 16, RELATED PARTY DISCLOSURES Diiring the year the charity spent £1,186 on printiiig services provided by Woodside Joinery {Slaii'cases) Limited. & company controlled by Mr T Ford, tritee. 17. DESIGNATED FUNDS The fiinds de&lgnated lor the benefit of St John Evangellst, Malndee and St Mary. Tr4ewport (Maijidee Parlsh) are:. T&¢ Choir Fund is in respect of the I'eouiiemenl8 of St JohLI'S Choir. The Flower Fuiid is in respect of tlowers used lo d¢¢oL'al¢ th¢ CIIuL'Ch, The Legacies & Gifts Fuiid is used for Losts. wliich relkLte to Church actlVLties that the Parish CouLiciI feel Ihat the various donoLS would approve off. 'Ihe Nighsheller Fut]d is in respect of a hotnelegs shelter that St John's administers. Tlie C)rgan Fund is ILI respect of of the tnaiiileiiance ot the Church's OrgaIi. The PlSh Bukldirg Fund is Én i'espect of Ihe LllallltenaLice of the Churtih's Parisli Biiilding. The Youth FIiLid is in respect ot. work calried out Oll behalf of the Parish's youth, Thc Circle of Frieiidship Fund is in respect of a group froin the Chiirch's congregation tlial nie¢t on ) monthly basis to hear a talk From a lest spealcer 2¢ nd socialise afterwtfjrds. The funds deslgn8ted for the benefit of Holy Trlnityy NeTrvport (CILristchurch Parish) are:_ The Chwch Laiid Sales Fuiid is iii regpeit of sales of land used lor varioiis pui'pos¢s iequired for Holy Ti'itlLty Christchiirch. The JANI Club Fund is in iespect of the church's Yoiilh Cliib, Jesu.% and Me. The Legacies und Gifts Fund LS IISLd foi. Costs which lat¢ lo Chiirch actlvities that the Parish CoiiiiLiI feel that thc various doiiors would appi-ove of, The Night Shelter Flind is in iespeLt of a ILomeless shellcr that Holy TIiLllty Chrislchurch ¢idininisters. Th¢ Parocbial Moiiies Fund is Iised for various Church aLtivities Ir t Holy Trillity Cbrist¢hurcb. The Property Fund is in respect of costs reqiured lo nigiintaiLI propeily oThTred by Holy Trinity Christchurcli. I'he funds designated for the benefit of St Julius and St Aaroii, Newport (St Jullan's Parlsh) are:. The Mission aiid Maintell<111ce Fwid 18 lll I'esp¥¢t of monies to b¥ sp¢nl OLI ¢vangelism alld maintenance at Sl liilius and St Aai'on, Page 26 coiitiniied..
THE MINISTRY AREA COUNC or BEECHWOOD MINISTRY AREI A, NEWPORT NOTES TO THE FINANCIAL ST ATEMENTS - coiitiiiiied riOR THE YEAR EI NDED 31 DECEMBER 2024 18. RESTIUCTED FUNDS The restricted funds for the benefit oft. St Cadoc, CAeYleon (Caerleon Parish) 8r¢:. The Miss Mary Noreen Biirge B#qu¢st Fid 15 in i'esp¢¢t of monies left lo St Cadoc's Chiirch for chiirch actlVLti¢s, The Doi)&ld Herbert Jokn L¢wis Fund is in r¢spc¢t of tnoiiies left lo St Cadoc's Church foi chui'ch a¢tiviL'ies, The Ch1< ncel'Rep&ir fund is iii L¢spect of monies to b¢ used to rn(iiiitain St C&doc's Cburch's Ch]Ce1. Tlie BouLidary WaLI Trust is iii r¢spect of nionies to be iised to lilkiLI)I'aiLI the bowidary at St Cadoc's Cliiirch. Othei. Tnists Funds e in respect olmonies to be used for varioLiS church activities at St CadoL'S CliurctL. The restrlcted funds for the benetit ot St John Evangellst, Maindee and St MAfyJ Newport (Malndee Parlsh) Rre:_ The Fabric F'und is ill respect of nionies to be spent to maintain the f¢ibi'iL of St Joiul's Cburch. The Legcqcies aLid Gifts Fulld is in iespect of niotiies to be used for various church activities. The SIiLiday ScE]ool buLid is used to ruli the church's Sullday S'chool. Tlle CorKiniunity Youth Ploject F'Lind is in i'espect OF monies to be speiil on youili it] the pai'ish of St JohLI'S. The restricted funds fDr the benefAt of Holy'frinity, Newport (Chiigtchurch PArish) are:. The Fabric Fund is it] respect of lnoiiies to be spcnt oil niaintaining thc fabric of FIoly Tiinity LhristclLurch. The Laiids TtLibi Fuiid is in L'espeLt ol monies to be spent on various chiirch aLlivilies. The ChiirLki W&ll (East) Fund is in i'espect of moiiies used to mailltuin Ilie East C11urch Wtdl al FIoly Trinity Christ¢liurch. The Churchy(Ird Fiiiid is in respect of Lnollies used to maintaiii the churchyard at Holy Triiiity Christchurch. The Fabric Fid is in respect of monies to be spent on niaiLi1&111iiig th¢ fabric of Holy Trinity Cliristchurch. The Votive Candl¢s Fund is iii relpect of monies to be spent on votive candl¢s at Holy Trinity ChristchLU'Lh. The Holy Trinity's Fuiids ar¢ in respect of a 1¢g(Y held for the benLfit of Holy Triiii ty Christchurch. The restrleted tunds for the benetit of St Julius an(1 St Aaron, Newport {St Julian's Parlsh) Are... The Missioii and MaLlltenance Fuiid is in respeLt of monies to be speLIt oti ev&ngelistn and m2< intenatice St Julius and St Aaron, Ti1¢ Gr<Trce Sisters Legacy Fuiid is iii respect of monies lo b¢ spent on church related &ctLVltics al St luli11s alid St Aaron. The Window Appeal FLind is in respect of monies to be spent on the chiircli windows. The Walsinghani Fund is in rosp¢ct of monies to bc spent on a pilgriinag¢ lo the shriLie al Wcllsingham, The l 00 Cliib Fulld is ill siipport of the WLLidows Appeal Fiind. Page 27 continued...
THE MINISTRY AREA COUNCIL OF BEI ECHWOOD MIIYISTRY AREA, NEWPORT ,NOTES TO THE FINANCIAL STAIELlrIE4 NTS - continued FOR THE YEAR ENDED 31 DF.CEMBER 2024 18. RES'fRICTED FUNDS - continued The Friends of St. Juli],S Parish Chur¢.h Fuiid is in respect of monies lo be spent oli raisiiig fiinds for 7¢ nd tnw< gIllg the Church H<111. The restricted funds for the benefit of St Andrew, Newport (LllsTrverry Parish) fire:. The Proceeds of Sale of C'urate's Holise Fuiid is iii respect Df moiiies to be spent on chiirch ielaled activities It Sl. Idrew's Church. Page 28
THE MTNISTRY AREA COUNCIL OF BE4 El CHWOOD MII¥JISTRY AREA, NEWPORT DETAILED STATEMCI NT OF FINANCIAL ACTIVITIEI S FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND EI NDOWMENTS Donations and legA¢les Doiiations Gift aid Legacies GiatLts 161,639 26,407 17,957 361,405 180,654 22,490 32,000 40,559 567,408 275.703 Otlier trading activitie5 Fundraising Other ELinds geiierated Hall iental income Ml¢ gazLll¢ and ollier publicaL'ion sales Siindry iiicome Churcli building iental MA/Parish slure reb<ryte 54,672 21,587 29,965 1,741 10,263 6,440 7,952 34,094 18,962 19,239 5.592 715 9,779 132,620 91,498 Investment income Rellts ieceival)le Dividettds aiid investment income B&td( aiid biiilding society iiiter¢st 16,599 27,701 11,688 17,990 30,790 3,061 55,988 51,841 Charltable actlvlties F-ees foL OCll¢ t'ional offLLes Wedding f¢¢s Blessing fee5 Publication Df baLlll8, fiincnl f¢¢s, b[LaL fees £iiid memol'ial fees 751 2,845 50 2,182 6,947 580 13,870 12,111 17,516 21,820 Other inLoin¢ Iiisiirance clic ims 4,920 Total Incoming resources 773,532 445,782 EXPETrIDITURE Raising donations and legacies Costs of generaliLig resources - giving Costs of fLind raising 201 3,769 178 L,436 3,970 1,614 This page doos Llot t'orn] part of the statutory fLn&nci<21 slateLnents' Page 29
TEIE MINIST'RY AREA COUNCIL OF BEEI CHWOOD MINISTRY AREI A, NEWPORT DETAILED STATEMEYf OF FINANCIAL ACTIvrfIES 4 OR THE YEAR ENDEI D 31 DEI CEMBER 2024 2024 2023 Support costs Other Diocesan share md 198]01) Costs Clergy eypeiises Clergy expeiis¢s - niileage Clergy expeiises - pt'iiiling. postage and stationery Clergy expenses - equipmenl 150,409 4,884 689 186,423 6,161 859 645 244 20 2,378 480 480 628 452 Paisonage Writer Pai'sonage gas Parsoiiage eleclricily C'lergy - lelephoiie. mobile and iiiteniel Assist<wI clLrgy fees and experLses Maiiit¢nanc¢ of s¢rviL¢s al yowig peopl¢'s activities VeL'gers, org¢in(sts atid choir Music and p¢t'foimallC¢ Copyright license Banlc and credil c&rd clw-ges PriLlting,postage tind slalioneL'y MA - telepbolle, mobile alld inteinet Office &L1d geiieral ¢xpeiiditure Admtii (2nd staff salary Leasing aiid hire piirchase charges Professional fees Indep¢ndcnl examinalion and &ccoiintcincy fcLs Supporting cLtieS and illdivÈdiEals Chiii'ch InSurl¢e Church el¢cLricity Church gas Chui'ch water Church otlicr costs Chiiich i-epairs alld nialntenEce Chui'ch clec1llLLig Chw'ch lelepboiie, rriobile and intet'net Chwch fire equipment, roof alarm 311d CCTV seivice Chui'chyard managcm6nt costs Chui'ch hall other costs Church hall ¢l¢ctric Church h&ll gas Chtircli hall iiisui'an¢o ChiirLh hall rLpairs and maiiitcnaiicc Cliiirch hall telephone. mobile and interrie.t Chitrcb tLall cle<ining Oihlr property repairs and niiinleiiance Other property insurance Other pi'operty electricity clnd gas Carried forW<d 1,824 480 480 640 6,294 10,693 12,913 807 154 5,046 647 1,269 7,954 3,966 2,108 6,000 5,112 12,385 11.,732 20,927 1,024 3,841 1,335,729 2,340 2,517 16,862 l5,587 2,551 766 115 4,793 1,299 1,379 13,986 5,362 8,829 5,000 2,551 1.2,103 16,381 917 3,146 41,107 3,356 2,286 1,475 4,778 280 3,795 8,701 4,585 3,331 61 3,767 72 968 1,916 847 1,531 2,631 2,511 2,604 516 1,122 5,198 824 1,337 409,278 1,644,354 This page does not foLin parl of the slattitory finaiicial statemeiits Page 30
TFIE MINISTRY ARF,A COUNCIL OF BEECHWOOD MINISI'RY AREA, INEWPORT DEI TAILED STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEI AR ENDED 31 DECEMBER 2024 2024 2023 Other Brought fonvard Olhei propeL'ty compliance costs Churchyard grass ciittiiig Churchy&rd strucliiral repairs Depii of ¢quiptllent Loss on sale of laLigible fixed ass'ets 1,644,354 479 2,384 7,986 2,745 409,278 621 2,399 76,003 2,745 80,000 1,657,948 571,046 Total resources expended 1,661,918 572,660 Net expenditure before gains and losses (888,386) (1 ?6,878) ReAlised recognised galns aiid losses R¢alised gaiLisI(los8es) on fixed g< sset illvestmeiils Realised gainsl{loss¢s) on inveslnieiil properly 131,534 125,500 Net (expenditure)lincome (888,3 86) 130,156 This pag¢ does Llot form P2É rt of the st&tutoiy fiiiaiicial staten1¢nts