## **PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL** ## **Charity number: 1137751** **Annual Report and Financial Statements for the year ending December 31, 2021** ## **Trustees’ report** The trustees have pleasure in presenting their report and the financial statements of the charity for the year ending December 31, 2021. The organisational structure, administration details and governance of the charity are set out later in this report, while the activities of the church form the first part. **From le3, the late Venerable Sue Pinnington, ac4ng Archdeacon of Monmouth; the Right Reverend Cherry Vann, Bishop of Monmouth; the Reverend John Connell; and the Reverend Julian Gray, Abergavenny Area Dean at the licensing of the Reverend John Connell as Rector of the parish** ## **Summary** This year was one of increasing stability, as the country began to come out of its Covid restrictions, and the Reverend John Connell was installed as our rector. Another source of joy was the confirmation of three youngsters and one adult in November. Work stepped up on the development of the new Ministry Area, which will see six parishes (seven churches) join together in 2023. The following report on the activities of St Mary’s Priory and its daughter church Christchurch demonstrate what the charity has done during the year to carry out these purposes for the public benefit. ## **Activities** The Parish continued to endeavour to enable the wider community to live out their faith through wide-ranging activities, which can be split broadly into four categories: - worship, prayer and pastoral care; - mission and outreach; - special events; - fundraising, fellowship and hosting events. ## **Worship, prayer and pastoral care** The service pattern changed during the year, the first three months of which saw the continuation of services online. The churches reopened at Easter and the congregations, albeit limited in number because of social distancing rules, were welcomed back in time to celebrate Easter Day. Our Musical Director Tim Pratt initiated services of Vespers on four evenings each week after Easter, with a sung service of Vespers, Compline or Evensong on Fridays reinstated later in the year. In September, the liturgy and service pattern changed, with Lauds, Eucharist and Vespers taking place Monday to Friday, and the Church in Wales 2004 rite being used at most Eucharist services, including the 11am Sunday Priory Eucharist. A service on Wednesday evenings began, using the 1662 service. The 1984 Book of Common Prayer continued to be used at some services, including Evensong. As well as the usual weekday and Sunday worship during the year, whether online or in-person, there were a number of special services and events, albeit very limited because of the pandemic, including: - Evening prayer held online during Lent. - The licensing of the Reverend John Connell as Rector on May 9. - The licensing of the Reverend Lea Ryder as curate in the Abergavenny and Govilon groups in July. - A visit from the Right Reverend Cherry Vann Bishop of Monmouth in July, during which she walked through Abergavenny and met lay leaders from the proposed Ministry Area. - Abergavenny’s Civic Service on October 3, at which the new Mayor of Abergavenny Councillor Tudor Thomas, his wife Mrs Jan Thomas and town councillors were present along with local civic representa=ves, church, and community leaders. The service was led by the Rector and the preacher was the Reverend John Humphreys, parish priest of Llanddewi Rhydderch, where Councillor Thomas and Mrs Thomas worship. - On Armis=ce Day, November 11, and on Remembrance Sunday, November 14, the Reverend Jeff Pearse, Assistant Priest and Chaplain of the Royal Bri=sh Legion, led the Act of Remembrance at the Town War Memorial. The Rector officiated at the laying of wreaths on the Memorial at the market entrance before officia=ng and preaching at the Priory Eucharist, where wreaths were laid on the war memorials inside St Mary’s Priory. - Two Order of St John’s Investiture Services on November 27, at which volunteers from across South Wales received honours, including promotions, commendations for individuals who carried out lifesaving acts, and long service and ultra-long service medals, with the longest honouring 55 years of service. - Confirmation service on November 28, at which three youngsters and one adult were confirmed by the Right Reverend Cherry Vann. - While Christchurch cancelled its Nine Lessons & Carols service – traditionally the readers were local schoolchildren, but this wasn’t possible because of Covid – St Mary’s did hold the annual Advent Carol and Nine Lessons & Carols services. However, all visiting carol services, usually staged by local schools and charities, were cancelled due to Covid, as was St Mary’s hugely popular Christingle service. In addition to our regular services, we continued, when possible, to enable our community to celebrate and thank God in the milestones of the journey through life. As in 2020, and as expected, **The Confirma4on service on November 28** these life event services were much reduced, with five baptisms, four weddings and 15 funerals, although the clergy conducted many more funerals at local crematoria. The number recorded on the Electoral roll for both churches on December 31, 2021, was 184. We are working towards crea=ng a Ministry Area with the forma=on of a Ministry Area Transi=on Team and smaller commiEees considering key issues rela=ng to finance, governance and communica=ons. We are working towards crea=ng a new Ministry Area, with its own governance structure in line with the Cons=tu=on of the Church in Wales with effect from January 1, 2023, which will include the parishes of Llanwenarth Citra, Govilon, Llanellen, Llanfoist, Abergavenny Holy Trinity as well as St Mary’s with Christchurch. A Ministry Area Transi=on Team was formed, together with smaller commiEees considering key issues rela=ng to finance, governance and communica=ons. The aims and purposes of the new Abergavenny Ministry Area will be consistent with the current ones for St Mary’s with Christchurch. ## **Mission and outreach work** Much of the in-person mission and outreach work of the parish was curtailed by the pandemic. However, members of the congregations supported Abergavenny Food Bank, shopped for neighbours, and kept in touch with other worshippers, particularly the elderly and those shielding or ill. Members of our Mothers’ Union continued to volunteer at a contact centre for children suffering family break-up. We were able to collect for the Shoebox Appeal, sending 93 boxes to people in Eastern Europe. Nearer home, we assembled Christmas parcels of toiletries and small gifts for ‘looked after’ older teenagers and young adults who are living on their own. Members of the church continued to be involved with the 7Corners project in Abergavenny, which aims to provide a safe place for young people to meet, albeit only online during lockdown, although it did hold in-person, socially-distanced, sessions with young people in the local park and, later in the year, at 7Corners itself. The church’s mission and outreach stretched beyond the four walls of the churches or even the town, with our online presence. As well as the online services, our Facebook and Twitter accounts kept people up to date with what was going on at the Priory. There continues to be a great deal of interest in the work of our artist-in-residence Jeremy Thomas as he completes his paintings of the life of Christ. Since St Mary’s has opened to visitors, he has conducted a number of ‘tours’ of his paintings. On the wider Church in Wales stage, Governing Body members the Reverend John Connell and Caroline Woollard participated at meetings during which the Church declared a climate emergency and, later in the year, approved the Bill to allow blessings of same-sex civil partnerships and marriages, among other items of business. Members of the parish were encouraged to think about and tackle climate change, in however small a way, through articles in the _Four Churches’ Magazine,_ which was published 11 times during the year. **Jeremy Thomas’ pain4ng of the Tempta4on of Christ** On a diocesan level, Caroline Woollard was installed as a Lay Canon of Newport Cathedral, one of five lay canons – the first time in the Cathedral’s history that members of the laity have become canons. ## **Music, bells and visits** The work of the church is greatly enhanced by St Mary’s Priory Choir, under the musical directorship of Tim PraE. As 2021 we were s=ll in the midst of Covid restric=ons, and our ac=vi=es were limited to making recordings as we waited out the na=onal lockdown. It was a frustra=ng =me that almost inevitably saw us lose a number of children from the choir who unsurprisingly found on-line singing too difficult. As we headed towards Easter, there was the real prospect that for the second year there would be liEle of the special music that was so much a part of our work. However, we did manage to provide pre-recorded services for Holy Week, including a recording of the _Brocke’s Passion_ by Telemann, the longest and most adventurous recording project we undertook. Fortunately, aIer Easter we were able to resume live singing, albeit in groups of six and spread out across the Quire and Transepts. Rehearsals were held in the Priory Centre maintaining 2 metre distancing. Achieving a good ensemble was hard, but at least we were singing! This meant we were able to provide a choir for Fr John’s installa=on in May. As =me went on, we started to feel a bit more confident and, indeed were able to go away on tour once more with visits to Dore Abbey and Tewkesbury Abbey for “Singing Week”. AIer the summer, restric=ons eased further and the need for singers to be so widely spaced started to be less essen=al which made our job that much easier. For the first =me since 2019 we were able to plan and deliver a “normal” Carol Service and, as the year drew to a close, there was some op=mism that before too long, we would indeed be able to get back to some sort of normality. Encouragingly, we even gained some new adult members and look forward to an even beEer year in 2022. It wasn’t possible for the church bells to be rung for services or by visiting bands during lockdown, although they were welcomed back when the church re-opened. The number of visitors to St Mary’s gradually increased as lockdown eased, particularly after the showing of the TV programme _A History of Welsh Art_ , which featured the Jesse Tree. Many of these visitors specifically journeyed to Abergavenny after watching it. Our stewards continued to make people welcome and to facilitate both heritage visits and those who wished to pray. **SPECIAL ACTIVITIES** ## **Fellowship, Fundraising and Hosting Events** **Coffee a3er the service resumed at Christchurch in June** - As in 2020, many of the usual annual events were not held in 2021 because of Covid. However, the following did take place: - Coffee after services resumed at Christchurch in June and at St Mary’s in August. - Made in Monmouthshire took over the Prince of Wales Courtyard during September’s Food Festival. - The Arts Council visited the Priory Church in October. - Gwent Bach Choir staged a _Come Sing Messiah_ event in November. - The Heritage Lottery Fund held a training day in December. ## **Reference and administration details** St Mary’s Priory Church and its daughter church, Christchurch, is in the Parish of Abergavenny, part of Abergavenny Ministry Area and Deanery of Abergavenny and the Diocese of Monmouth in the Church of Wales. ## **Incumbent and ministers** The parish continued in interregnum until May when the Reverend John Connell was installed as Rector in May and the Reverend Lea Ryder as curate in July. The Reverend Jeff Pearse con=nued to serve as self-suppor=ng Assistant Priest and his ministry and care enabled the parish to con=nue our work during the interregnum and beyond. The worship in the parish was made possible through the on-going contribution of our Licensed Lay Minister Gaynor Parfitt; retired ministers the Reverend Malcolm Lane, the Reverend Ian Aveson, the Reverend Jeremy Dowding and the Reverend Canon Stephen James. ## **Objectives and activities** We review our aims, objectives and activities each year, looking at what we have achieved and the outcomes of our work in the previous twelve months. The review looks at the success of each key activity and benefits of activities in a wide variety of cultural areas. The review also helps us ensure our aims, objectives and activities remained focused on our stated objective. When reviewing our aims and objectives and in planning and considering our activities for the year, the incumbent and the Parochial Church Council (PCC) have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The objective of the Charity is promoting in the ecclesiastical parish the whole mission of the Church. Encouraging and facilitating the practice of the Christian Faith by the Churches includes the following – these remain our objectives and we aim to fulfil all of them when allowed to do so under Covid-19 regulations: - Conducting regular Christian worship in both Churches. - The celebration of the Holy Eucharist on seven days each week at St Mary’s Priory Church. - Marriages, funerals and baptisms. - The provision and maintenance of the fabric of St Mary’s Priory Church, Abergavenny, and of Christchurch, Abergavenny and their associated buildings. - Opening St Mary’s daily for the public to enter and benefit from personal spiritual contemplation and to be able to view the medieval monuments and learn about the Benedictine foundation of the Church and its place in the history of Christianity and of Abergavenny. - The maintenance of Christian burial places. - Promoting the study of Christian teaching, practices and Scriptures. - The provision of means and encouragement to promote fellowship within the membership of the Churches and the wider community. In addition to the above, Christian devotional acts and outreach work are carried out, when permitted, including: - Visiting the sick. - Administering the Sacraments to those unable to attend regular acts of worship, and to the sick and dying. - Supporting pastoral work. - Fostering ecumenical links between differing Christian denominations. - Supporting the work of other charities through, among others, the Mothers’ Union, the Bridge to Cross Trust (7Corners) and the Rachel Herbert Trust. The work of the Church is governed by safeguarding policies of the Church in Wales, responsible adults are required to have DBS checks and the joint parishes have appointed a safeguarding co-ordinator who liaises with the Provincial safeguarding officer if necessary. ## **Further achievements in the year** Monies were raised by freewill offertory and by the limited number of visitors. These were used to support the work and administration of the churches and wider mission, where possible. Volunteers have donated their time to help at each act of worship to support the clergy and to ensure the churches are Covid-19 safe. They have stewarded the churches, re-ordered the seating, run booking systems, telephoned members of the congregations and distributed pew leaflets, pastoral letters and magazines. The Parish will continue with acts of worship and pastoral care during 2022 and will continue actively to try to increase the Electoral Roll, through our mission work in the community. ## **The Trustees** The trustees who served the Charity during the period from the Annual Vestry Meeting on May 21, 2021, until the end of the year (unless otherwise stated) were as follows: The Reverend John Connell Rector, chairman (from May 9) The Reverend Jeff Pearse Self-supporting Assistant Priest (Chairman from January 1 to May 8) The Reverend Lea Ryder Curate (from July 18) Mrs Sheila Davies Assistant People’s Warden, Representative on the Deanery Conference Mr Alan Freebury Mr Stephan Grabner Mr Steven Lamerton Gift Aid Treasurer Mrs Jenny Lloyd Mrs Eunice Marsh Mrs Wendy Pendry Mr Tim Pratt Parish Rector’s Warden **The Reverend Lea Ryder, Bishop Cherry Vann, and the Reverend John Connell** ## Mrs Patricia Ransome Mr Robin Smith St Mary’s Treasurer Mr Jeremy Thomas Assistant Rector’s Warden Ms Ann Tuxworth PCC Secretary (until November) Mrs Sheila Woodhouse Vicar’s warden at Christchurch, Christchurch Treasurer Ms Caroline Woollard Parish People’s Warden, representative on the Diocesan Conference and member of the Governing Body of the Church in Wales, Lay Canon of Newport Cathedral **Caroline Woollard, second from right, with other new Canons outside Newport Cathedral** In addition, Mr Robin Alldred and Mrs Catherine Jones served as trustees from the beginning of 2021 to the Vestry meeting. ## **Structure, governance and management** The Parish of Abergavenny is part of the Diocese of Monmouth within the Church in Wales. The Church in Wales is a Province within the Anglican Communion and, as such, exists to advance the Christian Religion through world-wide mission. The object of the Parochial Church Council is to ensure that the life and work of the Church within the Parish helps to fulfil that mission, both locally and more widely. The Representative Body of the Church in Wales holds the land and property of the Church in Wales, including St Mary’s Priory Church, Christchurch and other church buildings, and including the Garden of Rest at St Mary’s, and their contents. The Representative Body is an exempt Charity and was set up under Section 13(2) of the Welsh Churches Act 1914. It acts on behalf of the Province in paying the stipends of the full-time clergy, and administers the Church in Wales scheme of covenanted and gift aid giving, recovering tax on behalf of the parishes. The Parochial Church Council (PCC) is not a body corporate, its composition, procedure and powers being regulated by the Constitution of the Church in Wales as amended from time to time by its Governing Body set up under Section 13(1) of the Welsh Church Act 1914. Elections are held at an Annual Vestry Meeting which must take place on or before April 30 each year. All persons whose names are entered on the Electoral Roll are entitled to vote and stand for election. Before assuming office, every member of the PCC publicly makes a declaration that he or she will be bound by the Constitution. The Members and Officers of the PCC, including the Incumbent, on appointment, become Trustees of the ‘Parish of Abergavenny Parochial Church Council Charity Trust’. The PCC also appoints the Priory Trustees, a body set up under a 1925 Deed of Trust to administer certain lands and properties held by the Representative Body as Custodian Trustees on behalf of and for the benefit of the Parish. The Trustees report to the PCC and their accounts are kept separate but consolidated with those of St Mary’s and Christchurch within the Charity Accounts presented with this report. Property administered by the Priory Trustees includes the Priory Centre, the Tithe Barn and the Holywell Community House. The latter two have been purchased in recent years and their freehold values are shown in the Accounts of this Charity. The proper=es also include the Priory Meadow, which is leased to Monmouthshire County Council and is used as an extension of their Swan Meadow Car Park Commercial Opera=ons in the Priory Centre and the Tithe Barn are also managed and controlled by the Trustees. ## **Risk Review** The PCC has conducted its own review of the major risks to which the Charity is exposed and systems have been established to mitigate those risks. The risks facing the Charity include the state of repair of the Churches and the financial requirements to meet its stated activities, including payment of its Annual Parish Share, bearing in mind the fall in the numbers of regular worshippers and the reduction in regular giving. The structure of the Churches is continually monitored by the PCC and the Church’s professional advisers and the finances are controlled by careful budgeting and encouragement and appeals to the worshippers and visitors. The Trustees continue to develop an evacuation plan in the event of a major incident. This plan will include the safe removal of both people and major artefacts. There have been no serious incidents or other matters relating to this charity over the previous financial year that we should have brought to the attention of the Charity Commissioners but have not. ## **Organisational Structure** The PCC is responsible inter-alia for promoting the mission of the Church, the parochial budget and all expenditure thereunder, the care and maintenance of the fabric of the Churches and associated buildings and of the Garden of Remembrance, and for action on any other matter referred to it in accordance with the constitution. The PCC is also the normal channel of communication between the parishioners and the Bishop of the diocese. All members of the PCC are volunteers. In addition to the election of members, the Officers, i.e. The People’s Warden and the Assistant People’s Warden are elected at the annual Easter Vestry; the Vicar appoints the Vicar’s Warden and two Vicar’s assistant wardens at the same meeting. New representatives are told of their responsibilities and of the issues facing the Churches by existing representatives, and receive such additional training as required. Other Officers, including the Secretary, Treasurer and Gift Aid Treasurer are appointed at the first meeting of the PCC after the Vestry Meeting. As indicated, members of the PCC also serve as representatives on the Deanery and Diocesan Conferences and the Governing Body of the Church in Wales. St Mary’s and Christchurch are active members of Abergavenny Council of Churches and volunteers help run mission events in Abergavenny, including **Bishop Cherry Vann chats to Christchurch churchwarden Sheila Woodhouse during the her visit to meet lay ministers and wardens of the parishes which will make up the new ministry area** activities for Christian Aid Fortnight, the Week of Prayer for Christian Unity, Easter and Christmas. The Churches are run entirely by volunteers as the clergy are remunerated by another charity from the Parish Share payments made by all the Churches in the Diocese. Without the work of these volunteers, who, for example, enable St Mary’s to be kept open every day for members of the public to visit and to pray, the Churches would not function. As of December 2020 the Charity employed three people (two full-time equivalent), although the church did take part in the Government’s furlough scheme (see below). ## **Committee structure** The PCC met six times, either in person or via Zoom. The committee structure, which had existed in previous years, was held in abeyance, with some decisions being taken by the Standing Committee (Rector, Treasurer and Churchwardens) in addition to those taken by the PCC at meetings or via email. It is hoped that these committees (Mission & Outreach, Finance & General Purposes, St Mary’s Co-ordinating committee) will be reformed during 2022, while a more complete committee structure for the proposed Ministry Area is being devised. The Priory Trustees met online. ## **FABRIC** As a result of the pandemic con=nuing throughout the year, with consequent effects on both the ac=vi=es and the finances of the Charity, very few repair schemes have been undertaken during 2021 beyond those necessary to maintain the integrity of the fabric of the various buildings and the grounds of the Priory. The major scheme to redress the damage to the north slope of the north aisle roof caused by Storms Ciara and Dennis in early 2020 was covered in our report for that year, even though the actual repair work (funded by an insurance claim and a grant towards the associated works undertaken at the same =me) was carried out in early 2021. Another casualty of the same 2020 storms only manifested itself in summer 2021 when regular services in the Church resumed for a period, and it was discovered that water ingress into the building had also penetrated the chamber organ causing significant damage. The incident was referred to our insurers who accepted the claim and reimbursed the full cost of the specialist repairs which were carried out in November. LiEle progress was made regarding the two other planned major schemes discussed in previous years. Detailed monitoring of the cracks in the walls of the turret staircase in the northeast corner of the north transept was undertaken monthly between May and December. The results were submiEed to our structural engineers to assist their development of a comprehensive repair scheme. We can then take to tender as a prelude to seeking appropriate grants. Similarly, there has been no progress during 2021 regarding the other major outstanding project detailed in previous reports, including repairs to the bulging Grade 1 Listed wall between the church forecourt and the Prince of Wales Courtyard. ## **FINANCIAL REVIEW** ## **Results** Reflec=ng the con=nuing reduc=on, due to on-going pandemic, in both the number of services and the on-going reduc=on of aEendance at the services that were held, the direct voluntary contribu=ons received during acts of worship, excluding tax reclaimed through GiI Aid, amounted to £50,326 (2020: £57,546), or about 60% of pre-pandemic levels. The reduced numbers of both weddings and funerals held in the churches during the year also adversely impacted on overall revenues. Other general income, including that generated from fundraising ac=vi=es but excluding a wri=ng-off by the Diocese of the balance of our accumulated parish share under-payments, was £119,566 (2020: £122,726). This also reflected the con=nuing significant reduc=on in ac=vi=es in both the Tithe Barn and the Priory Centre. The figure included £11,908 (2020: £14,060) recovered through the Government’s Furlough scheme which allowed the Trust to con=nue employing all our three members of staff. A total of £1,612 (2020: £17,600) was received by way of grants from a number of external agencies. The Charity received no other grants for services delivered from central or local government during the year. Reflec=ng the con=nuing pandemic, the Welsh Assembly and Local Authority groups, along with the NHS, were only very occasional users of the mee=ng and event accommoda=on provided in the Priory Centre and Tithe Barn. The one excep=on was the Wales Blood Service, which has recommenced using the Priory Centre at least once every month. As noted in last year’s report, early in 2021 the Trust received the cash arising from the most generous bequest from the Will of the late Gerald Jones, amoun=ng to £153,915. This has been used to pay off all the short and long-term debts of the Trustees: - Early repayment to the Representa=ve Body of the remainder of the loan (£59,004 + final interest) that had enabled the Trust to purchase 4 Holywell Close several years ago. - Repayment of the remaining £5,500 of personal loans previously received from members of the congrega=on. - Full and =mely remiEance of all four quarterly parish share payments during the year, plus an addi=onal one-off payment of £30,000 in full and final seElement of the outstanding debts from previous years. The level of general expenditure, excluding excep=onal items, amounted to £199,872 (2020: £200,186), s=ll much lower than was normal pre-pandemic and reflec=ng the con=nuing reduc=on in the scope of both the religious and more secular ac=vi=es undertaken across the parish. Expenditure on excep=onal items during the year amounted to £14,730 (2020: £17,666) including a number of significant projects covered in the fabric sec=on of this report: - Final costs associated with the repairs to the north aisle north slope roof and associated water goods, mostly funded through an insurance seElement and a grant (£1,864), - Repair of the chamber organ, also funded by an insurance seElement (£3,878), - Final payment of reten=on monies for the repairs to the Lewis Chapel roof (£3,222), and - Upgrading of the electrical control and protec=on equipment in the Tithe Barn (£4,656). The net assets of the Charity at December 31, 2021 amounted to £466,597 (31/12/2020: £443,220) including freehold proper=es valued at £362,641 (unchanged). Having paid off all its outstanding debts, and having nego=ated a seElement with the Diocese regarding the parish share, the Trust had no liabili=es at year end. Nevertheless, during the year the Charity con=nued to face the challenge of managing its cash flow par=cularly due to the reduced levels of income and the limited level of financial reserves within which it operates, contrary to its policy but reflec=ng current reali=es. ## **Reserves Policy** The Parochial Church Council recognises the need to hold reserves to ensure funding is available to provide continuing mission should income levels fall. Reserves are also required to meet the future maintenance programme for the Churches and Church buildings. A minimum level of reserves also needs to be retained to ensure the PCC can meet its legal commitments should the Charity be unable to continue due to a lack of a sustainable income stream. The Officers of the PCC have established a policy whereby the unrestricted funds not designated for specific use by the PCC or invested in tangible fixed assets, ie the free reserves held by the Charity, should ideally be between three and six months of the resources expended in general funds. The Charity is dependent on donations, grants and investment income. The economic climate remains uncertain and interest rates continue at historically low levels, both of which factors are likely to have an on-going negative impact on future income streams. ## **Investment Policy** Despite the continuation of historically low rates of interest, the PCC (through its Finance & General Purposes Committee) has concluded the most appropriate policy for investing funds remains to achieve the best possible rate from our bankers commensurate with maintaining the capability of rapid access to the funds in the event of a call on them. ## **Bankers** Lloyds Bank, 54 Cross Street, Abergavenny, Monmouthshire NP7 5HB HSBC Bank plc, 2 Frogmore Street, Abergavenny, NP7 5AF Barclays Bank, 57 Frogmore Street, Abergavenny, NP7 5AT ## **Independent Examiner** Dorrell Oliver Limited, Linden House, Monk Street, Abergavenny, Monmouthshire NP7 5NF ## **Professional Advisers (Historic Buildings)** Arnold Bartosch Ltd, 1 Bath Mews, Bath Parade, Cheltenham, Gloucestershire GL53 7HL **Approved by the Trustees and signed on their behalf by the Reverend John Connell** PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Charrty Nurnber 1137751 Accounts For the year ended 31 December 2021 DORRELL OLIVER LTD Linden House Monk Street Abergavenny Monmouthshire NP7 5NF PARISH OF ABERGAVENNY PAROCHIIL CHURCH COUNCIL In(10pmd•nt E￿Min0￿$ R¢p¢rt Ywr•idod 31 Dec•mbor 2021 Ind•p•n￿￿t Examln•f• R•port to tho Tru8t8w ofth• P•rknh of Aborowonny P•rothlal Chur¢h C¢uncU I rep¢rt C￿ the XCOLwl¥ ofthe charityforthe eTrJed 31 Decemb8r2021 are sd wl on ￿ge$ 2 to g. R08pon81bS11110fy and 1>g$1• of r¢port As the chanty* t￿lee5 you are respons1b￿ forthe prepara￿on ofts axO￿ts In a¢cwdance wAh Iha rwuTrmen15 ofthe Charibe5 Ad 20111'the Art). I report in resped of my examinabun ofthe occwnts carried out undersection 145 ofthe Act and out my ir#lÈpehdJrt •xarnlnNlion I have fOl￿d all the applkable Otrecllons ghen tythe Charltycommlsskn under 6ectlon 14515llb} of ts Act Ind•p•nd•nt •x•mln•rf• ¥t•t•m•tyi I have compkted myexomination. I c￿firM that no rnatsrfal matters come to my attenticn in conn8ctScfi the knd8pend8nt eXamIna￿on glwt¥J mo ¢aUS*10 bolovèthat In ary maierfa resp8cI.' l. rgctyOswwe ncl r•¥4ctoftWchorliy ilrnwlréd by10e￿on 190ofthè*d', or 2. tho do ntrtaeec*d Iwth th0￿ re£ordi ¢y 3. tho ￿t￿ntS do rthcomply wiMtheapplic8bkry rwLirrnl¥cDrrArriry the Icrfm mnterrt out in the ch￿1th￿S IP*t4unt3 Bnd RepNtsI RegubtionB 2008other thw any reqiirem•rtth8t the xwJntsgry8 8 Iru8 8TrJ f8irv***hth IJ Tr)1 • rnatt r>Jn¥dyed o¥ parto1￿ lThlep8nd8m8X8rnintiticffl. I have no corttms.an have cc4ne a￿$ no Qlherm#tttrn In tx)Mectknwth th8 8xamln4llon to %*ic* attentljn shww ￿￿14￿1) Inthl$ rewl'kn o a prvwr ￿d￿s￿nd1[wJ ofthe accounts to reacw. P. E. L•a FCA Dorro11 Olfver Llrnh•d Oate.. ￿1 2022 AfffjsY4 NP7 PARISHOF A8ERGAYENNY PIRIXHLILCHURCHCOUNCIL 8t•t4m•rtcrf Ftn￿Tal A£￿￿1th Ybarend￿ 31 D￿rnber2D21 INCOIAINQ ￿E￿A¢S￿REcEIPTs Piwr•a Bfvlrwj 43,711 6,614 9.9 41711 6,614 9,8S3 48,448 9,098 5.754 9,0 5.754 831 13.146 912 For Mi$*h 10.993 10.993 1.$65 328 13,146 912 T•K IIknthGASDS arant• Lryr￿ 17.6r•) 151.348 1A 151.31• e.247 6,247 7.S29 Weèk Fqoi $.215 15.191 9.215 15,190 12. ie,w7 13,6eo 11.W7 InbY•tsn•nt1r￿m• 27,188 27.191 12.$36 12.578 Othwlntom• SM[• Rebqt¢ rtsl Furdlt 67.937 07.937 1.e 14.OEO 12.SJ4 1221 1.830 HMRC Furlmh $th•m• 12021 *knnl 11,gJe 3,378 2￿25 3.37J 2,525 12.534 6221 loT￿l￿OI1￿G IIE8CVR¢EgRECEW8 237.87 RE8OJRCE8 EXPENI%DIPAY¥ENTS S￿￿￿rmInI Paitsh 83,180 B3,180 83,1 1.119 93,180 12.167 10A03 12.667 10.403 15.YJ 10.6 45,6BI 15,583 10.194 e81 Ban prfwy Cw*e hur¢th PrvpAIty tl ChuTf mlfrten￿C￿￿tAmrpr0￿ty 14.71D 10,056 14.7 14,710 10,¢s6 14.730 15229 14.91Q 17.￿8 J.a67 0.712 15,329 14, 17.a 3.8e7 Qrnnt•4ndFkn•nclal8uppprt TOTALRESOUKE8eypENDEOIPAYIIENTS IWMOV&MENTifi PUNDS 23.371 114lQ4 113101 brvwhtfonv• 443220 324,•81 UnrMiIMdylnon L•B 4,455 455 PIF•ts2 0F￿EROAvENWYpAROCHpALcHVR¢H COLW4CI STATEMENTOF ASSETS AND L￿ILITIE8 ASAT J1 DECEMBER 2021 2021 2020 FIXEDA3SET5 Freew PrcyrV•5 J62,e41 .e41 362.641 362841 362.641 282.641 361641 CURBENT A88Ers ¢ath.' Bonk Dy&itAtttyJnts BaThk cum1k￿￿nt• Cash In 57.260 25,Qt 2Cw) 57,2eè 35.IK6 21,012 32,892 21,91? 32,09Z 10,000 1.606 io.coj 10,OQO 10,OU6 155,8 10.WQ 10.085 155,e03 PorfcAp) L•gxy TOTALASSET8 461741 486.741 592,433 $92.433 CURRENT LfABILfflES AnwI•￿1￿9 ￿￿￿1th1￿ on¢y 17 11441 11441 (902DP> NFTCURREIIT ASSETS 4e8.597 502.224 to2.224 LC*4G TERAI UPMLITtES 12 1sg,OD41 109.0011 NEfASSEfs 4ee 597 443,220 REPRESENTED BY.. FUP4)5 443320 324.901 ¥24.981 Surtlrfd6fic4foriMtr 23,377 29.¥n 113,604 113,804 ganon 4.455 13 IOJ.597 488,597 445,22 443,220 fln￿ 8taternert•¥ffliaFyD¥•Y tyth•tlU*￿ on............................... PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Notss to th• Accounts Y•ar ended 310•cwnbpr 2021 Charlty Infom)atlon The Parf$h ofAbergav&nny Parochiel Churth Council (the PCC) is a UK uThno)rporated d￿lIty Chanty Numbèr 11377S1. 1. ACCOUNTING POLICIES 1.1 Bas1$ ol prnp8ratlon The a¢¢ounts have been prepared under the hb&torical co81 conventlon modlThed to In¢hJde the rev¥luation of certain land and buildlngs. The amnts hava bèan preparpd K) accordance with applicable aC￿Unting stsndgrds, the Statament of Recommgnded Prgcllc8. "Acc¢unling and Reportlng by Charit1&8" Issued kn March 2005 and the CharTbe$ Act 2011. 1.2 Golrvj ¢on¢•m At Ihg fjme ol appro￿n9 the fin8rtkg1 statements. the trustees have a reasonable gxpedalk)n thot th PCC ha5 8dÈquate reBource8 lo contbnue In op&ratlonal e￿8t￿n¢¥ for Ihe for￿•&ab￿ fvI￿. Thus the trustses ¢ontlnue lo adopt the going concern basb5 018¢counting in prtrparfng the flnand81 statements. 1.3 CharflalJl• funds Unrestri¢tèd lund8 are available for use at the discrètion of the trusteès In fvrtherance of thair tharitable obiècuves unless the funds hav8 been ¢JeS￿nated for oth8r purposas. The accounts Indude all tr8n$actions, a$￿ts and Ilablltt￿s forsthich the PCC Is re8pon8lble in law. They do not Ind￿1¥ the arLounts of church groups that owe the6r moln 8fflIAtlon to another body nor tho$• that are inlornial gatherfngs of Church mernb￿. 1.4 Ineomln9 re8our¢e• Incorne is rècognlsed lthen thg PCC h leg81ty enlilled to it after any perfomianct conditlons have been met, the amounts can b• maasured r•li8bty. and11 Is probabla that kn¢c*ne wlll bo reCA￿d. C￿h dtsnaUons Ore recogni8e(l on recdpt. Other donations are recognia•d once the PCC has been notified of the donation, unless performanc8 conditk)n8 require Ilelerr81 of thè amount. IrKome tax recovgrable in rèlatkjn to donations receNed urt4er GIftAld or deeds of covenant 55 re¢ognl8ed al th¢ Ilme of the dongtlon. l income ts recognlsed in tho Staternent of Flnandal AdIth￿eS ¢)nce th¥ tharlty has entSU8ment to tho funds, it 1$ probab￿ that the income Mll be recelved end the amount can bè m•a$ured reli•bty. P•Jé4 PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Not9¥ to tho Accounts Year end8d 31 December 2021 1. AccoupifiNG POLICIES ICONTD.) 1.5 Tangible fixed a¥s•ts Tangiblo fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment bsses. Depreciation is recognised $0 as to write off the cost or valuation of assets over their useful lives on the followlng basis: Freehold properties .' no depreciation charged The gain or lo¥$ arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carying value of the asset and is credited or ¢harged to the Ststement of Flnancial Activities 1.6 Cash and Gash equivalents Cash and cash equivalents include cash in hand, deposits held at call wtth banks, olher short-tem liquid Inve5tmenls with original maturities of three monlhs or lesg. 1.7 Flnan¢lal Instruments The PCC has elected lo appty the P￿￿510n8 of Section 11 'BasSc Financial Instrumènts, and Section 12 Other Financial Instruments Is8ues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the PCC balance sheet when the PCG bacomes party to the Contractual provision8 of the instwment Financial a88et3 and liabilities are offset, with the not amount8 pres8nted in tho financial ststements. when there 18 a legalty enforceable rfght to Set off the recognised amounts and there is an intentlon to Settle on a net basis or to reali$e the asset and settle th& Itability simulianeously. B•sl¢ flnandal assets Baslc financlal assets, which include debtors and cash and b8nk balances. are initlally measured at transaction price including tran5aGtion costs and subsequently carried at amortised cost using the effèctlve inte￿$t melhod unless the arrangement conslKutes a financing tr8nsactlon, where the transaction s measured at the present value of futu￿ receipts discountod at a market r8t8 of Interest. Financial a￿ets classlfied as receivable wtthin one year are not amortised. Baslc flnancl81 Ilabllftles Basic financial liabilitieg. including creditors and bank loans are Inltlally re¢ognised at transactlon Pr￿8. 1.8 Taxation The charlty18 exempt Irom tsx on its charitable actmtles. 1.9 8tock8 Stock8 have been valued at the lower of cost or net reallsable value. Page 5 PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Notes to th• Accounts Yèar &nd•d 31 DeC•m￿r 2021 2. MONEY RAISING 2021 2020 Fund ralsing Pro￿d5 Costs Nel Sl. Marfs Christchurch other Groups 3.867 870 113 4.850 1,105 173 2,762 697 3.081 1.814 251 5,146 437 865 6.448 1,278 3,572 Booksta Christchurch Hall income 550 550 4,969 1.278 3. PRIORY CENTRE & TITHE BARN 2021 Net 2020 Net Proceed8 Cosls Catertng and Bar Room Hire. Leaming space and Tourist Centre Faciif(ies Co&ordinator salaries 2,092 13,106 1.445 23,305 18.283 1,212 {10,551) 20,335 29.674 110.1991 18,283 27.835 4. INVESTMEwf INCOME 2021 2020 Interest Car park rent and Prince of W8L98 Courtyard Rental income-property Holywg11 Close In¢¢ma on investment erKashed lfrom18gacy) 11 13,880 10,740 2,567 27,198 13 12,525 12,538 PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Notes to the Accounts Year •nd•d 31 December 2021 2021 2020 5. MAINTENANCE OF SERVICE5 Remuneration of Org?ni$t Candles. Wine and Wafe Choir. Organ & Bells Other Churches 8,599 235 1,689 2,144 12,887 9,124 1,159 230 5.070 15,583 6. GENERAL PARISH EXPENSES 2021 2020 Sundry expendlture Clergy Leaving gifts and function SlrKJing Week Printing and Stationery Poslage Vicars PA 878 902 2,435 2,277 274 533 344 6.480 10,694 6,480 10,403 7. MAINTENANCE OF CHURCHES 2021 Light and Heat Insurance General repairs 6.986 4.434 3,290 6,947 3.483 4.899 14,710 15,329 8. MAINTENANCE OF OTHER PROPERTY 2021 2020 Outgoings Wicaragés: St Marfs Holy Trinty Outgoings Loan interest 1,811 2,363 2,302 4,005 2.065 3,697 438 70 14.940 4 HOl￿ell C108e 5,378 521 1,350 630 366 10,056 Outgolngs Chrl$tchur¢h H811 Car park and Prince of Wal85 Courtyard Garden of Rest Pag• 7 PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL Notes to th• Accounts Year ended 31 D¢c•mber 2021 2021 2020 9. EXCÉPTIONAL EXPE14DITURE North aisle roof North Walkway North Transept Boiler8 Chamber organ repairs Tithe Bam 818ctrical upgrade Lewis Chapel roof 13,034 174 1.110 330 3.878 4,128 17686 Thè North wof works wore funded by insuran¢fr dalm$ mad8 In respgd of slomi damage SUffe￿d spring 2020. 10. MISSION PARISH Hfvell Communty Donation shared Othw Churches Magazines, r#)tices elc. 1,8B7 3270 3330 1980 3867 11. FREEHOLD PROPERTIES Cost Estimated Value Totol 4 HoW&ll Close. Abergav8nny The Priory M8adow. Abergavenny Tithe Bam 280,889 260.889 25,L 76,752 25.( 70.752 25C 12. LOANS Du• within on• yt*r Included wrtFMn amounts due wtthin 1 year 8r8 parishloners loans of £NIL12020.' £5.SW wNch are repaY￿e upc dgmand. e after morn than on• year 2021 2020 Loan ￿.. Property Hol￿11 Clos¢ 59,004 Th6 Loan lor Holywell Clo3$ property w85 partially repaid in a prevws year from Ihtr proceeds of a legacy, and subsequently repaid in tull in Spring 2021 from the pr￿eedS of a ￿gary beq￿athed in 2020. PARISH OF A8ERGAVENNY PAROCMAL CHURCH COUNCIL Not￿ to the Acwunt¥ Yoaren¢W 31 D•Gember2021 la. Funds Un￿￿trI**j Re&tr*￿ed Fund$ Tolai Fund B•knnces ￿ 31 l￿￿r2021 are reproBentad ty., F￿0 0886ts 362.641 382.841 104.100 104,1 m￿nIg *ithln 11441 11441 486 $97 468 597 14 Tru•tM• PMtL fv 8pou¥o of￿• LVth• tWStoBE. ret￿j romun•r•ticn 88VThrn PAdurino th&yo of £6.48012020".£6,4BOI. Mrs Pratt. the uft**ofth8 tsu$t￿. Mc•¥•J rwwnel8bC￿ 88 an YArMistratr*otthe centre and Tth b8m durfng tho yoar. 1$. Employo•b The •v¢raoo numtrérofpJr•M•ompkW tythé PCC d￿n9 lh• yMr%•$3, 12020.. 3). 11. R•latsd PApg PARISH OF ABERGAVENNY PAROCHIIL CHURCH COUNCIL In(10pmd•nt E￿Min0￿$ R¢p¢rt Ywr•idod 31 Dec•mbor 2021 Ind•p•n￿￿t Examln•f• R•port to tho Tru8t8w ofth• P•rknh of Aborowonny P•rothlal Chur¢h C¢uncU I rep¢rt C￿ the XCOLwl¥ ofthe charityforthe eTrJed 31 Decemb8r2021 are sd wl on ￿ge$ 2 to g. R08pon81bS11110fy and 1>g$1• of r¢port As the chanty* t￿lee5 you are respons1b￿ forthe prepara￿on ofts axO￿ts In a¢cwdance wAh Iha rwuTrmen15 ofthe Charibe5 Ad 20111'the Art). I report in resped of my examinabun ofthe occwnts carried out undersection 145 ofthe Act and out my ir#lÈpehdJrt •xarnlnNlion I have fOl￿d all the applkable Otrecllons ghen tythe Charltycommlsskn under 6ectlon 14515llb} of ts Act Ind•p•nd•nt •x•mln•rf• ¥t•t•m•tyi I have compkted myexomination. I c￿firM that no rnatsrfal matters come to my attenticn in conn8ctScfi the knd8pend8nt eXamIna￿on glwt¥J mo ¢aUS*10 bolovèthat In ary maierfa resp8cI.' l. rgctyOswwe ncl r•¥4ctoftWchorliy ilrnwlréd by10e￿on 190ofthè*d', or 2. tho do ntrtaeec*d Iwth th0￿ re£ordi ¢y 3. tho ￿t￿ntS do rthcomply wiMtheapplic8bkry rwLirrnl¥cDrrArriry the Icrfm mnterrt out in the ch￿1th￿S IP*t4unt3 Bnd RepNtsI RegubtionB 2008other thw any reqiirem•rtth8t the xwJntsgry8 8 Iru8 8TrJ f8irv***hth IJ Tr)1 • rnatt r>Jn¥dyed o¥ parto1￿ lThlep8nd8m8X8rnintiticffl. I have no corttms.an have cc4ne a￿$ no Qlherm#tttrn In tx)Mectknwth th8 8xamln4llon to %*ic* attentljn shww ￿￿14￿1) Inthl$ rewl'kn o a prvwr ￿d￿s￿nd1[wJ ofthe accounts to reacw. P. E. L•a FCA Dorro11 Olfver Llrnh•d Oate.. ￿1 2022 AfffjsY4 NP7