Docusign Envelope ID.. 5E303BF&10ED4D0>97A7-AE780670C969
REGISTERED CHARITY NUMBER.. 1137751
ABERGAVENNY MINISTRY AREA
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisors
Trustees Report
Statemont of Trustees Rosponsibilities
13
Independent examiners, report to the trustees
14
Statement of financlal activities
15
Balance 8heet
16
Notes to the financial statements
17-25

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Chair
Reverend Canon John Connell (resigned 7 July 2024)
The Reverend Lea Ryder (appointed 30 September
2024)
CowLay Chair
Trustees
Canon Caioline Woollard
Mrs Elizabeth Crawford
Mr Miles Kennah
Mrs Gaynor Parfitt (resigned 25 April 2024)
Mr Clifford Jayne {resigned 25 April 2024)
Mr Hywel Griffiths (resigned 25 April 2024)
Mrs Marion Morden (resigned 25 November 2024)
Mrs Sian Taylor
Mr Nigel Patterson
Mrs Angela Jones (resigned 25 April 2024)
Mrs Mar9aiet Woodyatt
Mr Stephan Grabner {r8signed 22 May 2025)
Mrs Pip Hassall
Mr Robin Smith
Mrs Bonita Mary Russell (8ppointed 25 November
2024)
Mr W D Evans (appointed 22 May 2025)
Mrs Sh8ron Michelle Dickinson (dppointed 22 May
2025)
Charity registration number
1137751
Registered Office
St Mary's Vicarage,
Monk Streel,
Abergavenny
NP7 5ND
Independent Examiner
J M Roderick, BSC ACA
WJ James & Co Limited
Bisliop House
10 Wheat Street
Brecon
LD9 7DG

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Banker5
Lloyds Bank,
54 Cross Street.
Abergavenny,
Monmouthshire
NP7 5HB
HSBC Bank plc,
2 Frogmore StreeL
Abergavenny,
NP7 SAF
Barclays Bank,
57 Frogmore Street,
Abergaveniiy,
NP7 SAT
Co-operative Bank,
1 Balloon Street,
Manchester,
M4 4BE
CCLA.
1 Angel Lane.
London
EC4R 3AB
Professional Advisers
(Historic Buildings)
Amold Bartosch Ltd.
1 Bath Mews,
Bath Parade,
Cheltenham,
Gloucestershire
GL53 7HL
Morgan Horowskyj,
The School Room,
Castle St,
Aberg2venny
NP7 SEE
Hiraelh Architeclure.
The Maltings,
East Tyndall Street,
Cardiff
CF24 SEA
Page & Dean Consultants (2017)
Old St Peters, Peterstone,
Cardiff
CF3 2TR

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT
The Charity Trustees (the Trustees) of Abergavenny Ministry Area (the Trust) have pleasure
in presenting their annual report together with the financial statements of the Trust for the year
ended 31 December 2024
These financial slalements have been prepared in accordance with Statement of
Recommended PractiGe.' Accounting and Reporting by Charities preparing their accounts in
accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FR8 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011 and the Trust's
Constitution.
The organisation81 structure, administration details and governance of the charity are set out
later in this report, while the aclivities of the church form the first part.
SUMMARY
This year saw further progress in collaborative mission and growing the mission of the Church
among the seven member churches of Abergavenny Ministry Area. There was a change in
leadership with the Rpverend Canon John Connell leaving to take a post as Canon for Liturgy
and Congregation21 Life at Newport Cathedral in July. Following a competitive interview, Team
Vicar the Reverend Lea Ryder was appointed as Ministy Area Leader for the Abergavenny
Ministry Area on 30 September 2024. Her replacement as Team Vicar, the Reverend Canon
Clare Griffiths. was appointed in February 2025 and was licensed on 8 May 2025.
ACTIVITIES UNDERTAKEN TO FURTHER THE TRUST'S PURPOSES FOR PUBLIC
BENEFIT
The Trust continued to endeavour to support both Gongregations and the wider community in
practical terms and to 8nable them lo live out their faith through wide-ranging activities, which
can be split broadly into four categorie5:
worship, prayer and pastoral care.
mission and outreach;
special events.,
fiJndraising, fellowship and hosting events.
Worship, prayer and pastoral Care
The Ministry Area continued to offer a regular service pattern throughout the year, despite only
having one stipendiary minister for much of it. This was achieved through the good offices of
lay and retired ministers, which meant that all churches had at least one Sunday seNice. The
St Mary's Priory Eucharist continued to be livestreamed, watched between 200 and 300 times
each week.
A lange of service forniats was offered, inLluding the 1662. 1984 and 2004 liturgies, Morning
and Evening Prayer, and more informal famlly services. The use of the Welsh langLiage wa
encouraged in all our churches, with Holy Trinity hosting a c8ndlelit Plygain Service.
As well as the usual weekday and Sunday worship during the year, whether online or in-
persoii, there were a number of special services and events, wlilch inGluded:

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TRUSTEES REPORT (continued)
Monthly Open House services, aimed at people of all ages. It features worship, music,
prayer, and praise and is followed by a soup lunch. This relaxed but thought-provoking
Servi￿ has continued to grow with themes including the Epiphany. putting on the Armour
of God, whlch ended with the congregation parading around the church singing;
Remernbrance and 'Mess and Sacrifice..
Hosting a Monmouth Diocesan Day of Prayer in October, featuring praying through art led
by St Mary's Artist in Residence Jez Thomas.
Hosting Monmouth Diocese's Pentecost Day of Celebration for the birthday of the Church.
Hosting the Mothers, Union Deanery Festival in April.
Celebrating Love & Relationships at a special Evensong.
Walking Ihe Way of the Cross through Holy Week, with services every evening. including
Holy Eucharist. Tenebrae, a Seder meal, washing of feet, and the joyful Faster Vigil where
the pascal candles of all our churches were blessed and lil from the Holy Fire.
Hymns of Praise service at Christchurch, North Street, lo celebrate worship through music.
Celebrating Christmas at all our Churches wilh services of Nine Lessons and Carols and
Chrisiingle seNices at St Mary's Priory Church and Christchurch, Govilon.
Offering a 'Blue Christmas, service for people for whom the festive season is a difficult time.
In addition to our regular seNices, we continued to enable our cr)rnmunity to celebrate and
thank God in the milestones of their journey through lrfe. 17 baptisms. 16 weddings and 33
funerals.
The number recorded on the MA Electoral roll on December 31, 2024, was 290.
M ission and outreach work
Examples of the churches, mission and outreach included..
Supporting Abergavenny Food Bank throughout the year and especially during the Hawest
season, with collections and donations at our services.
Holdirig assembles in one of our local primary stthools and developing conlacts in all other
se.hools in the MA, although the latter was help up by only having one stipendiary priest.
Holding 5eNices at one of our local care homes.
Members of Mothers, Union continuing to volunteer at a contact centre for children suffering
family break-up, including providing Christmas gifts" running a project to collect 9ood quality
dothes for prisoners in Usk & Prescoed" and taking part in thp Bphind Closed Doors and
Summer of Hope campaigns.
Collecting coals, warm clothing and hand-knitted blankets for Operation Orphan, which
benefit young Ghildren in various parts of the world
Collecting Christmas parcels of toiletries and small gtfts for 'looked afteff older teenagers
and young adults who 2re living oli their own.
Holding coffee mornings, soup lunches and bingo. providing fellowship for people in our
communrties.
Caring for God's crealion, including creating Remembrance flower beds at Christchurch,
Govilon, and starting the process to restore the Abbots Garden at St Mary's Priory Church.
Work on sustainability resulted in Christian environment Charity A Rocha bronze awards
being granted to Christchurch, North Street. and Holy Trinity, and a silver award to
Christchurch, Govilon.
Holding a Quiet Fireworks event at Christchurch, Govilon, well attended by villagers who
don't normally come to church.
Membefs of the ministry area co

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TRUSTEES REPORT {¢ontinued)
Taking part in Cnurches Unlocked with some of the churches holding special open events.
Continuing to be involved with other charities, including Abergavenny in Need. the Rachel
Herbert Almshouses Trust; 2nd the 7Corners project in Abergavenny, which aims lo provide
a saf8 place for young people lo meet, and whiGh is also financially supported by one of our
Churches.
Supporting the Rukungiri Project in Uganda by sponsoring a child's education and donating
money to the project's general fund.
Maintaining our church halls to provide community space.
Supporting young people overseas through Compassion.
Continuing our online presence, wilh a new website - Abergavenny,church- with the main
St Mary's Priory Eucharist continuing to be livestreamed and our Fa￿book account
keeping people up to d8te with events.
Members of the MA taking part in the Abergavenny Churches Together Walk of Witness on
Good Friday.
Members of the MA taking part in a Walk of Witness on Good Friday along part of the
Monmouthshire & Brecon Canal.
Holding a Christmas Card competition with a local school, with the winning designs printed
with details of the MA'S Christmas seNicks and distributed via the congregations and at
special events.
Hosting Christinglelchristmas events for three of our town schools, St John Ambulan￿ and
Tenovus at St Mary's Priory Church.
H05ting Easter, Harvest and Christingle services for the local primary school at St Faith's,
Llanfoisl.
Hosting 8 harvest service at Christchurch, North Street. for the local primary school.
Staging a Noel with Neighbours Carol Service for people living around Holy Trinity Church.
Members of the Ministry Area continued to be encouraged to think about and tackle climale
change, in however small a way, through articles in the Four Chiirches, Magazine, which
was published 11 times during the year. The magazine, which is distributed widely, also
tackled social justice and kept subscribers up-to-dale wilh diocesan and provincial Church
in Wales matters.
Painting railings and benches in a square near to Holy Trinity Church and then holding a
barbeque for the neighbourhood.
On the wider Church in Wales stage, the Reverend Canon John Connell, Jenny Lloyd. Chris
Cotterill, Gaynor Parfitt, and Caroline Woollard continued to serve on the Governing Body of
ttr7e Church in Wales. The Reverend John Connell and Caroline Woollard also served on other
Provincial committees.
Music, bells and vlsitors
The work of St Mary's Priory continued to be greatly enhanced by St Mary's Priory Choir, under
the musical directorship of Tim Pratt. Recruitment and training of choristers remained an
integral part of the mission of Ihe church. The Choir was nhoir in Residence at Durham
Cathedral in August and performed a devotional concert on Good Friday.
Church bells continued lo be rung at some of our churches on Sundays and special occasions
as well as by visiting bands at St Mary's Priory. Marianne Elliott was appointed Tower Captain
at St Mary's with a mission to reinstate training evenings to grow the work of bellringing - bells
being often described as the largest musical instruments in churches.

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YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT (contiftuod)
The number of visitoi's to St Mary's continued to increase, with the unique Jesse figure and
the Jesse stained glass window two of the main attractions. Our stewards continued to make
people welcome and to facilitate bolh heritage visits and those who wishing to pray.
SPECIAL ACTIVITIES
Fellowship, Fundraising and Hosting Events, which included but was not limited to:
Hosling the BBC for a live broadcast of Newsnight on Tour.
Staging a General Election hustings at St Mary's Priory Church.
Christchurch. North Street, hall beirKJ used as a polling station.
Coffee after seThices at five of our seven Churches.
Concerts by the Gwent Bach Society, th9 Unicorn Singers to ceSebrate Petertide. and the
Phoenlx Singers.
Food Festival organisation agiain using the Priory and Ttthe Barn Coutyards in
September.
Church volunteers providing refreshments during the Food Festival, providing a quiet
space within St Mary's Priory on an otherwise very busy weekend in town.
Hosting Abergavenny Pride in July.
Holding Christmas Fayres at Christchurch, Govilon, and St M8ry's Priory.
Renting out our various church halls to a wide range of organisations for both social and
training events, induding art exhibitions, Alzheimer's meetings, AODDS, dog training,
Commiinity Kitchen, Tai Chi. yoga. Papillon Art Group for vulnerable adults, and a number
of community choirs.
Reference and adminlstration details
Abergavenny M inisty Area, now co-terminus with the Deanery of Abergavenny, is in the
Diocese of N4onmouth in the Church in Wales. There are seven churches in the Ministy
Area:
Christchurch, Abergavenny
Christchurch. Govilon
Holy Trinity, Abergavenny
St Faith's, Llanfoist
St Helen's, Llanellen
St Mary's Priory, Abergavenny
st Peterfs. Llanwenarth Citra
Incumbent and ministers
The Reverend Canon John Coiinell Gonlinued to serve as Rector and Area Dean lunlil Juty
2024) and the Reverend Lea Ryder as Vicar (until appointed as Rector and Area Dean in
September 2024).
The worship in the parish was made possible through the on-goin9 contribulion of our
Licensed Lay Ministers Gaynor Parfitt, Clifford Jayne and Hywel Griffiths . retired ministers
the Reverend Malcolm L8ne. the Reverend Jan Delaney. the Reverend Francis Buxton, the
Reverend Andrew Willie, the Reverend Canon Stephen James and the Venerable lan Rees.
The Reverend Ashley Davies served as curate from his ordination in June, until he moved to
a difference rriinislry area in October.

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT (continued)
OBJECTS AND ACTIVITIES
Wè review our aims, objectives, and activities each year, looking at what we have achieved
and the outcomes of our work in the previous ￿e1ve months. The review looks at the success
of each key activity and benefrts of activrties in a wide variely 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 activilies for the
year, the Trustees, sitting as the Ministry Area Council (MAC), have considered the Charity
Cornmission's guidance on public benefit and. in particular, the specific guidance on charities
for the advancemcnt of religion.
The objective of the CTr)arity is promoting in the ecdesiastical Ministry Area the whole mission
of the Church. Encouraging and facilitating the practice of the Christian Faith by the Churches
includes tlie followii)g'.
Conducting regular Christian worship in 811 seven Churches.
Marriages. funerals and baptisms.
The provislon and maintenance of the fabric of all seven Churches and their
associated buildings.
Opening St Mary's Priory daily for the public to enter and benefit from personal
spiritual contemplation and to be able to view the medieval monumeiits and learn
about the Benedictine foundation of the Church and its place in the history of
Christianity and of Abergavenny.
Openin9 St Peterfs daily during the summer, when it is particularly visited by
walkers.
Opening other churches in the MA for visltors when asked.
The maintenance of Chrislian burial places.
Promoting the study of Christian teaching. practices and Scriptures, through Lent
and Advent Sludy groups.
The prniljoion of means and encouragemenl to promote fellowship within the
mernbership of the Churches and the wider community, including various
fundraising events such as Race Nights. Hymns of Praise. Harvest and Epiphany
Lunches.
In addition to the above. ChrisÉian devotional acts and outreach work are carried out including:
VisitTllg the sick.
Administering ihe Sacranients to those unable to attend regular acts of worship.
and to the sick and dying.
Supporting pastoral work. A training course for Lay Pastoral Assistants look place
ii) October and November, wilh practical training following.
Fostering 8cumenical links between differing Christian denominations.
Supporting the work of other charities through, among others, the Mothers, Union,
the Bridge to Cros5 Trust (7Corners) and the Rachel Herbert Trust.
The work of the Trust and its churches is governed by safeguarding policies of the Church in
Wales" responsible adults are required to have DBS checks and the Truslees have appointed
a safeguarding co-ordinator who liaises with the Provincial Safeguarding Offi￿r rf necessary.
F.laving completed Modules A & B of the Church in Wales Safeguarding training, the majority
of Trustees have now completed Module C.

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YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT (continued)
Further achiovements in the year
Monies were raised by freewill offertory and by donations. These were used to support the
work and administration of the Churches and wider mission. Volunteers have donated their
time to help at each act of worship to support the clergy, welcomed people into services,
stewarded the Churches, worked in the gardens and graveyards, arranged flowers. and
many other vital activities. without which the churches could not survive.
The churches will continue with acts of worship and pastoral care during 2025 and will continue
actively to try to increase the Electoral Roll. through our mission work in the community.
PLANS FOR THE FUTURE
The Trustees have the following plans for 2025 and beyond..
To expand the Trust's work in schools through the appointment of a sch.ools Pioneer
minister, supported by the Mission and Oulrpach leam. This appoinknent has been
delayed due to unforeseen cirCumstan￿s. but it is hoped the post will be filled during
Ihe first half of 2025.
To encourage and train lay ministers through fornial and infO￿al tralning courses
and mentoring.
To run a Stewardship course. to encourage financial giving and discipleship.
To continue working towards sustainability through the Christian environment tharity
A Rocha.
To ensure safeguarding is promoted throughout the churches and DBS checks are
updated as necessary.
To streamline the govemance and management of St Mary's Priory.
To encourage members of the congregation to serve on Diocesan and Pn)vincial
bodies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
COWSTITUTION
Abergavenny Ministry Area 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 bAinistry Area
Council is to ensure that the life and work of the Church within the Parish helps to fulfil that
Inission, both locally and more widely.
The Representative Body of the Church in Wales (RB) holds the larKJ and property of the
Church in Wales. including all the MA'S Churches and other church buildings, churchyards and
gardens of rest. and their conlents. The Representatwe Body is an exempt Chanty 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.
Organisational Structure
The Trustees are responsible inler-alia for promoting th6 mission of the Church, the budget
and all expenditure thereunder, the care and maintenance of the fabric of the Churches and
associat8d buildings and of the graveyards and gardens of remembrance, and for action on
an/ other matter referred to it in accordanGe with the consts"tution. The MAC is also the normal
channel of communication between the parishioners and the Bishop of the diocese. All
meinbers of the MAC are volunteers, apart from the stipendiary ministers.

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YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT {continued)
In addition lo the election of members, the People's MA Ward8n is elected at th& annual Vesty
meeting and the Rector appoints the Rectorfs MA Warden at the same meeting. Thereafter,
both MA Wardens have the same role. 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 Co-lay Chair. Secretary, Treasurer and Gift
Aid Treasurer are appointed at the first meeting of the MAC after the Vestry Meeting.
Each individual church is served by a local church committee with two local wardens. As
indicated. members of the MAC and the Churches also serve as representstives on the
Deanery and Diocesan Conferences and the Governing Body of the Church in Wales, the
Electoral College and the Provincial Discemment Panel. The MAC is de factor Abergavenny
Deanery. The bAinistry Area us an active member of Abergavenny Churches Together and
volunteers h8lp run mission events in Abergavenny, including activities for Fair Trade
Foitriight, Easter and Christmas.
The Churches are run entirety by volunteers as the clergy are remunerated by another charity
from the Ministry Share payments made by all the Churches in the Diocese. Without the work
of these volunteers the Churches would not function.
As of De￿rnber 2024, the Charity employed five people (1.8 full-time equivalent).
Committee structure
The Trustees met nine time% during the year, with the Slanding Committee (ReGlor, Treasurer
aiid MA Wardens) meeting a couple of weeks beforehand. Othpr committees including the
mission & outreach, finance and communications groups met ai regular intervals and reported
bad( to the MAC. Some delegated decisions were taken bythe Standing Committee in addition
to those taken by the MAC at meetings or via email.
ST MARY'S PRIORY TRUSTEES
The Priory Trust was founded by a Deed of Indenture dated 24 December 1925, under the
oversight of the then Parochial Churbh Council to operate and administer certain lands and
buildings associated with St Mary's Church ("The Priory Properties"). Although the properties
have changed over 99 years the Truslees have continued to discharge their responsibilities
including, in recent years, the development and management of commercial activities in the
Priory Centre, Tithe Barn and other facilities. The Deed proTrrfiaed that any surplus generated
by the Trustees is to be used for the benefit of St Mary's Priory.
The Priory TrLisI reports to the MAC and the financial activit eo cf the Priory Trust, including
the ownership of certain freehold properties, are incorporated into the Charity Accounts. Any
surplus generated continues to be used for the benefit of St Mary's Priory.
The incom8 received from the house sale reported in our 2023 Report was used to cover the
costs of the first of the major building schemes long planned to maintain the int8grity of the
fabric of St Mary's Church (see 'Fabric'), and also contributed to covering, in part, the running
osts of the Church. The balance of the funds remains in Deposit Account5, and the Fixed
Rate Bond in whirh £200,000 is invested has been renewed for a further 12 months.
sin￿ the closure of the Food Hall, the Trustees have struggled to 8¢1)ieve an appropriate
financial return froni the Tithe Barn despite the use and hire of parts of the building on bolh
regular and occasional bases by a number of organisations..

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YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT (Gontinued)
However, early in 2024 the Trustees were approached by one of the weekly users (then known
as 'Crafting 4 Cancer,) with a view to increasing significantly their use of the facilities in retum
for an appropriate increased consideration. The revised arrangements have operated from
May 2024 and are continuing. The group, now the 'fithe Barn Wellbeing Community Cafe
CIC,, have reopened the Food Hall five days each week and also offer a range of meetings
and counselling services for users. From the Trustees, perspective th6 development has
brought on-going levels of activity in a hilherto undetutilised facility. as well as an increase in
tlieir regular income.
POLICIES
Complaints handling
Conflicting interests
Investment
Paying slaff
Risk management
Health & Safety, including lone working and working at height
Safeguarding vulnerable beneficiaries
Volunteer management
Internal charily financial controls policy and procedures
Safeguarding policy and procedures
Financial Toserves policy and procedures
Serious incident reporting policy and procedures
Internal risk management policy and procedures
Bullying and harassment policy and p.,C￿dureS
Social medid pvlicy and prO￿dureS
First Aid, including action to be taken when someone collapses in church
RISK REVIEW
The Trustees continue to review major risks to vihich the Charity is exposed and systems have
been established to mitigate those risks. Tl)e 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 ieduction in regular giving. The structure of the Churches is continually monitored by the
Trustees and the Church's professional advisers and the finances are controlled by careftjl
budgeting and encouragement and appeals to the worshippers and visitors.
'The Trustees continued 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 incident5 or other malters relating to this charity over the previous
financial year that we should have brought to the attention of the Charity Commissioners but
have not.
GOING CONCERN
Taking account of the Charity's assets. the TTUStees have a reasonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future.
T.or this reason, they continue to adopt the going concern basis in preparing Ihe financial
statements. Further details regarding the adoption of Ihe going concern basis can b& fourKI in
the Ac￿Unting Policies.
10

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ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT {continued)
PUBLIC BENEFIT
In planning the Charities 8Ctlvlties for the 2024 year we kept in rnlnd the Charity Commission's
guidance on public benefit at our regular trustees. meetings.
FABRIC
As well as ongoing general maintenance on all churches, the following work was ￿rrIed out:
Christchurch, Abergavenny: Painting the interior of Christchurch Community Hall, in
Ihe curtilage of the church. Commissioning a survey of drylwet rot in the hall.
St Faith's, Llanfoist: Repairs to the vestry roof
Holy Trinity, Abergavenni: Porch roots repaired. Contrasting nosing added on slep up
lo the altar. Main boiler in the church repaired. Repairs to the organ.
St Peterfs, Llanwenarth Citra: Restoration of the organ. Hall reroofed with improving
insulation and renewed guttering.
St Mary's Priory, Abergavenny: The work to stabilise the cracks in the North Transept
Turret stairGase, along with extensive re-pointing, bolh internally and externally, was
completed during April and May at a total cost of just under £60.000, of which some
£9,000 of VAT was recovered through the Listed Places of Worship Grant Scheme.
Attention then switched lo a scheme to repair the south west boundary wall where
severe deterioration in the integrity of the conslruction has resulted in the adja￿nt
gateway between the Prince ofwales Courtyard and the Church forecourt b￿ng Closed
off for safety reasons. The specffication was compleled prior to going out to tender.
INDUCTION AND TRAINING OF TRUSTEES
Trustee meetings routinely start with a celebration of the Eucharist which draws the Trustees
together in the work of the Ministry Area. The Trustees have undertaken various development
days and training together. including safeguarding, lay pastoral ministry and leam building.
Twstees are briefed on their roles and responsibilities on appointment and undergo refresher
training through online resources from the Charity Commission.
FINANCIAL REVIEW
The Trust continues to operate Gn a going concem basis slnce the forniation of the Ministry
Area in January, All the 7 churches and Priory Trustees ret8ined their treasurer (local
treasurer) and maintained their accounls reporting to a central Ministry Area Finance and
Propety Committee headed up by a newly appointed Ministry Area Treasurer. The operation
and financial thresholds are defined by the MAC with a guidance policy,
All the financial management uses Data Development's MyFundAccounting.Online supported
by the diocese. This 8nabled consolidation of all the management and reporting to be
produced in compliance with the Charity Commission.
A central fund was created lo allow for payment of all centrali8ed payments, including ministry
share and Insurance.
11

Docusign Envelope ID.. 5E3038F6-10ED400&97A7-AE780670C969
ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
TRUSTEES REPORT {continued)
To enable the continuin9 transition from individual churches to Ministry Area, the local
treasurers continued to manage their entity. Where items were paid centrally. the charges
were PTOPOrtional to their previous year's Parish Share. Most churches managed to meet all
their normal commitments through direct voluntary Contributions, weddings, funerals and
fundraising. Holy Trinity and St Mary's was the exception to this, having both the highest
proportion to pay and still sufferlng from the impacts of the Covid Pandemic.
The direct voluntary contributions received during Services, excluding tax reclaimed through
Gift Aid, amounted to £92,341.
Other general income, induding that generated from fundraising activities, was £106,864
£17,062 was received by way of grants from extemal agencies to the various churches.
The level of general expenditure, excluding exceptional items. amounted to £394.285.
Expenditure on exceptional Items during the year amounted to £60,988 which w8s for the
repair of the North Transept Stairs in St Mary's and the Organ Refuibishment at St Peter's.
The nel assets of the Charity at 31 December 2024 amounted to £651.135 a reduction of
63,044 compared to 31 December 2023. This reduction was the Charity having to continue
using {and reducing) its financlal reserves to cover its ongoing expenditure.
During the year the Charity conlinued to face Ihe challenge of managing its cash flow
parlicularly because of the reduced levels of income and the diminishing level of financial
reserves within which it operates. contrary to its policy but reflecting current realities.
RESERVES POLICY
The Trustees recognise the need to hold reserves lo ensu￿ 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 reseNes also needs to be retained to ensure the Trusl can meet tts leqal
commitments should Ihe Charity be unable to conlinue due to a18¢k of a sustainable income
strearn. The Officers of the Trusl have established a policy whereby the unrestriGted funds not
designated for specific use by tho Trust or invested in tangible fixed assets, ie the free reseNes
held by the Trust, should ideally be between three and six months of the resources expended
in general !iJnde
The Charity is dependént on donations, grants and investment income. The economic climate
remalns uncertain and, while interest rates are starting to improve, they are still not where they
once were, botti of which factors are likely to have an on-gning negative impact on future
income streams.
INVESTMENT POLICY AND PERFORMANCE
There is an ongoing review of our investments as there are different approaches across the 7
churches. Where some churches hold reserves in the CCLA COIF Charities Investment Fund
and others dJe to historically low rates of interest, achieve the best possible rate fro￿ our
bankers commensurate wilh maintaining the capability of rapid access to the funds in the event
of a call on them.
12

Docuslgn Envelope ID.. 5E303BF&10ED4D03-97A7-AE78D670C989
ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trLISt￿s are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(Uniled Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the truslees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the
charity and of the incoining resoUr￿S and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102).,
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in operation.
The Irustees 8re ￿SponSible for keeping proper accounting recordv that disclose wilh
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial statements comply wilh the Charities Act 2011, the Charities (Accounls and
Reports) Regulations 2008 and the provislons of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence fortaking reason8ble steps for the prevention
and detection of fraud and otl)er irregularities.
17J1012025
Approved by order of the Trustee Board on .
and signed on their behalf by
Slgnedty..
r7
Chalr of Trustees
13

Docusign Envelope ID: 5E303BF&IOED4DO&97A7-AE780670c969
ABERGAVENNY MINISTRY AREA
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABERGAVENNY
MINISTRY AREA
{'the Charity.)
I report to the charity trustees on my examination of the accounts of the charity for the period
ended 31 December 2024 which are set out on pages 15 to 25.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charrties Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of
the Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145{5){b) of the Act.
Independent examiner's statement
sin￿ the cornpany's gross income exceeded £250,000 your examiner must be a mamber of
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake th8
examination because l am a member of Institute of chartered accountants, which is one of
the listed bndies.
I hgve ¥omplptea my ex.am ination. I confirm that no material matters have come to my attention
in corinection Kvith the examination giving me cause to belipiie that in any material respect:
aGcouriling records were not kept in respect of the charity as required by section 130
of the Act. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and
coiitent of accounts set out in the Charities (Accaiints and Report) Regulations 2008
other than any requireftiei)I that the accounts give 8 'true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination
to which attention should be drawn in Ihis report in order to enable a proper understanding of
the accounts lo be reached.
J M Roderick Bqknc ACA
WJ James & Co.
Chartered Accountanl
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
i. ..oth]beA2025
14

Doeusign Envelope ID.. SE303BF6-10ED4003-97A7.AE780670C969
ABERGAVENNY MINISTRY AREA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted Deslgnated Restrlcted
Funds
Funds
Funds
2024
2024
2024
Total
Funds
2024
Total
Funds
2023
Note
INCOME FROM:
Donations and leg8¢les
Charitable activities
Other activities
Inveslffients
Other income
155,533
40,893
105,594
371
40,085
295
8,294
1,270
7,547
163.375
49.187
106.864
441
75.798
176,734
25,395
120,040
2,358
186,309
70
35,713
TOTAL INCOME
342,476
9,859
395.665
510,836
EXPENDITURE ON:
Raising funds
Charitable activlties
3,436
42'7,3'16
3.436
455.273
6,769
371.536
9.582
18,375
TOTAL EXPENDITURE
43Q.752
9,582
18,315
458,709
378,305
NET INCOMEI{EXPENDITURE)
277
24,955
(63.044
132,531
Tr3iisfers between funds
17
13,210
(23,674)
10,464
NEf MOVEMENT IN FUNDS
1'),06f)
3,397}
35,419
63.044
132,531
RECONCILIATION OF FUNDS
Tot81 funds brought forward
638,356
45,120
30,703
714.179
581.648
TOTAL FUNDS CARRIED FORWARD
563.290
21,723
56,122
651,135
714.179
The Statement of Financial Activities includes all gains arKI losses recognised in the year.
All of the actlvities of the charity are classed as continuing
The notes on pages 15 to 25 form part of these financlal statements
15

Docusign Envelope ID.. 5E3038F6-10E04D03-97A7-AE780670C969
ABERGAVENNY MINISTRY AREA
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Tangibl& fixed assets
Investments
10
11
101,752
1,989
101,752
103,741
103.712
CURRENT ASSETS
Stock
Debtors
Cash at bank and hand
10,000
3,681
533,745
547,426
10,000
4.916
623,325
638,241
12
Creditors . Amounts falling
due within one year
13
32
127.774
NEf CURRENT ASSErs
547,394
610,467
TOTAL ASSETS LESS CURRENT LIABILITIES
651,135
714,179
TOTAL NEf ASSETS
651,135
714.179
CHARITY FUNDS
Llnr¢strlcted funds
Restricted funds
14
14
585,013
66,122
683,476
651,135
714,179
The above balance sheets reflects the amalgamatad financial postion of all churchgs INithin the newly formed Abergavenny
Ministry Area, and therefore no comparative figures have been included as it would be impracticable to restat@ these amounts.
ThL%e financial staterneiits were approved by Ihe trustees and authorised for issue by the trustees on
wwned on its behalf by:
2025 and
SipnEd by..
DABCD37FABB44TB...
Trustee
Trustee
The notes on pages 15 to 25 form part of these financial statements
16

Docustgn Envplope ID= 5E303BF6.10END0&97A7_AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Slalenient of
Recommended Practice issued in Qctober 2019. the Financial Reporting Slandard applicable in the United Kingdom and
Republic of Ireland (FRS 102) and the Charilies Act ?011.
Basis of preparation
The Abergavenny Ministry Area meets the definition of a public benefit entily under FRS 102. The accounis (financial
stalemenls) have been prepared undef the historical cost convention with items recognised at cosl or transaction value
unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a ¢a5h flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 arKI have therefore not included a cash flow
statement in these financial statements.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees a55ess whelher the use of going concern is appropriate i.e. whether there are any malertal uncertaintles
related to events or conditions that may cast sonrficant doubt on Ihe abilily of the charity lo continue as a going concern.
The trustees make this asse8srnenl iii respect of a period of one year from the d8te of approval of the financial slatements.
Incomlng resourGes
Voluntary income including danations, gifts. legacies and grants Ihal provide core lunding or are of a general nalure is
.< enlillement to the income. it is probable that the income will be received and the amount
recognised when the charily h-
can be measured wilh sufficient relSability.
Donations and legacies are recogriised on a receivable basis when receipt is probable and the amour)t can be rellably
measured.
Doriated services or fae.ililies, whsch comprise of donated services, are included in income al a valuation ￿1¢h is an
estimate of the finan_cial cost borne by 11)e donor where such a cost is quantifiable and ffleasurable. No income is
recoqnised where tliere is no financial cost borne by a third parW.
Grants are recognised when Ihe charity has an entillement to the funds and any conditions linked to the granls have been
Met. Where performance conditions are allached lo the grant and are yel lo be met, the income is recognised as a liability
and included on the balance sheet as deferred inwme to be released.
Government grants are recognised based on the a￿rUar model and are Measured at the fa￿T value of the asset received or
receivable. Grants are classified as relating either to revenue or to asspts. Grants relating lo revenue are recognised in
income over Ihe pyriod in which the r8laled costs ar8 recognised. Granls relating lo assets are recognised over th
expetsled useiul life of the assel. Where part of 8 grant relating to an dssel is deferred, it is recognised as deferred income.
Gifi Aid relief on eligible donations is recognised on an accruals basis at the same point as the original donatlon.
Investment income is recognised at the time of being received.
17

Docusign Envelope ID.. 5E303BF6-IOED4D03-97A7.AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES (CONTINUED)
Expendlture
All expenditure is recognised once there Fs 8 legal or constructive obfigation to that expenditure, it is probable settlement is
required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that
aggregate similar costs to that category. Where costs r￿nn0t be direclly attributed to particular headings they have been
allocated on a basis consistenl wilh the use of resources, with central staff costs allocated on the basis of time spent. and
depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on Ihe spread of
staff costs.
Raising funds
These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading
activities that raise furKfs.
Charitable activities
fl2rilable expenditure comprises those costs incurred by the ch8rity in the deltv•Thi of its activities and service5 for its
benefiGi8ries. It includes both costs Ihal can b8 allocated direGtly to such activities and those cosls of an indirecl nature
iiecessaiy to support them.
Govwnance costs
Those include the costs attribulable lo the charity's Gompliance with constiluticnal and statutory requirements, including
audit, strategic mdnagerrienl and trustees, meetiros and reimbursed expenses.
I'axation
l-he r,l)arity is coiisidered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it
nipels the definition of a charitable company for UK corporation tax purposes. ALCOfdingly, the charity is potentially exempt
from taxation in respeLt of income or capital galns received within categories covered by Chapter 3 Part 11 of the
Corporation Tax Act 2010 or oeLtion 256 of the Taxation of Chargeable Gains Act 1992, to the extent Ihat such income or
gains are applied exclusively to cliaritab5e purposes.
Tangible fixed assots and depreclatlon
Tangible fixed assets ar8 initially recognised at cost. After recognition, under 11)e Cost Inodel. tangible fixed assets are
mpasured at cost less accuniulaled depreciation and any accumulaled impairmp.nl losses. All costs incurred to bring a
tang ble fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so a5 lo allocate the cost of tsngible fixed assets less their residual value over their eslimated
Depreciatior7 is provided on the following basis:
Freehold property- O %
Stock
Stock 15 recognised at the lower of cost and net fealisable value.
Tr?de debtors
Trade and other debtors are recogTrised at the settlement amount due after any trade discount offered. Prepayinenls are
value(J al the aryiounl prepaid net of any trade discounls due.
Cash and cash equivalents
Cash arid cash equivalents comprise c8sh on hand and call deposits, and other short-lerm highly liquid investments that
are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade credltors
Creditors and provisions are recognlsed where the charity has a present obligatior) resulttr@ from a past event that will
probably Tesull in the transfer of fuiids to a third party and the amount due to settle the obligation can be measured or
estimaled reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade
discounls due.
18

Docusign Envelope ID-. SE303BF6_10ED4D03_97A7_AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES (GONTINUED)
Fun(1 structure
Unrestricted iiicome funds are general funds that are available for use al the trustees, discretion in furtherance of the
objectives of the charity.
Designaled funds are unrestricted funds set aside for specrfic purposes at the discretion of Ihe trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which is
restricted to that area or purpose.
Flnancial instrumonts
Classification
Financial assets and flnancial liabillties are recognised when the charity becomes a party io the conlractual provisions of ttr
instrument,
Financial liabilities and equty instruments are classified according to the substance of Ihe conlraclual arr8ngemenls
entered into. An equity instrument is any contract that evidences a residual interèst in the assets of the charity after
deducting all of rts liabilities.
Recognition and measurement
All financi8188sets ané Ilabllitles are initlally me8sured at Iransaction price (including transaction costs), except for those
f>nantrial a.8s@ts classifiBd as at [￿r value through profit or loss, which are initially measured at fair value {￿ICh Is normally
Lne transactiori Pf LixcILiding trdnsaction costs). unless t1￿ arrangement constilulès a financing transaction. If an
arfafigement ron8lilules a finario14ng transaction. the financial asset or financial liability is measured at the present value of
the fijlure paynienls discoJiited al a markpt rale of interest for a similar debl inslrurnenl.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a
legally enforceable right to sel off Ihe recognised arnounts and the charrty intends eiltter to settle on a net basis, or to
realise the asset and settle the liability simultaneously.
Financi812ssets arp derecogni8ed when and only when a) the c.ontractual rights to the cash flows from the financial asset
expire or are settled, b) the charity transfers to another party subst8ntially 811 of the risks and rewards ol ownership of the
financial asset. or c) the charity, despite having retained some, but not all. signtficant risks and rewards of ownership. has
transferred control of the asset to another paty-
Financkql liabilities are derecognised only when the obligation speGiified in the contract is discharged, cancelled or expires.
19

Docusi9n Envelope ID.. 5E303BF&10ED400&97A7-AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 INCOME FROM DONATIONS AND LEGACIES
Unrestrlctgd Designated Restricted
Funds
Funds
Funds
2024
2024
2024
Total
Funds
2024
Total
Funds
2023
Planned giving (dlrect debit & SO)
Loose Collections
Donations
For Mission
Tax Reclaimed - GFft Aid
Tax Refunds - GASDS
Legacies
Grants
76,078
16,265
23,493
1,051
20,548
2,478
76,076
16,265
23, 788
1.051
20,548
2.478
6.107
17.062
70,596
20,699
31,359
2,780
15,427
2,366
10.040
23.467
295
6.107
1.440
15,622
155,533
295
7,547
163.375
176,734
During the year grants were received from the following..
Unrestricted Deslgnated Restricled
Fund8
Funds
Funds
2024
2024
2024
Total
Funds
2024
Total
Funds
2023
Monmouth DBF Energy eyrant
Church hall gr2nt
Govilon - qranl frorn Wdsh
Churches fund
Communit/ COUllCil grant for
churchyard
Diocesan Church Fabric Grant-
¢hancel roof
100 Club assistance with roof
Llanfoisl Fawr Communliy Council
Mgn Dioc
MCC grant - organ repairs
Mon Dio Grant
Lloyds - Bariking - Benefact Tnjst Grant
BACS - Monmouth t)BF - Energy grant
Llanfoist Fawr Com LFCC Grant
Monmouth Diocese
Monmouth C)iocese
Garfield Weslon
Churches unlockecl
VAT Reclalm North Transept
269
1,550
2.000
2.000
1.000
1,000
2.000
165
165
165
5,000
2,000
500
118
2.000
1.150
2,100
5.209
500
200
1.440
1.440
41
3.000
400
8,857
400
8,857
15,622
1,440
17,062
23,467
3 INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Funds
2024
Designated Restrict6d
Funds
Funds
2024
2024
Totsl
Funds
2024
Total
Funds
2023
Fees
Fundraising
22,326
18.567
22,326
26,861
25,395
8.294
8,294
49.187

Docusign Envelope ID.- 5E3038F&10ED4D03_97A7.AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4 OTHER ACTIVITIES
Unrestricted
Funds
2024
Designated Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Fundraising
Hall Rental Income
Sundry
Magazinelolher PL*blcalion sales
Catering & 8ar ReGetpls
Eouipmenl Re￿IPts
Priory Centr8
lusic Roorn
Tilhe Barn
Car Park
Courtyard
37.559
57,221
25,260
16,634
9,643
1,733
16,479
978
30,240
950
14,734
11,011
3,192
16.634
9,643
3,003
16,479
978
30.240
950
14,734
11.011
3,192
1,270
105,594
1,210
106,864
120,040
5 INVESTMENT INCOME
Unrestricted
Funds
2024
Deslgnated Restricted
Fund5
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Investment income
371
70
441
2,358
371
70
441
6 OTHER INCOME
Unrestrlcted
Funds
2024
Deslgnated Restrlcted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Bank interest
Sale of fixed assets
Insurance claims
Loans received
Funds introduced
MAIParish Share Rebate
12,588
12,588
400
9,543
3,000
44,990
5,277
385
9,543
3,IX)O
9.277
5,277
28.924
35.713
35.713
75.798
186,309
21

Do￿J819n Envelope ID.. 5E303BF6-10ED4D03-97A7_AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7 ANALYSIS OF EXPENDITURE 8Y ACTIVITIES
Activities
Wages & Undertaken
Salarles
Dlrectly
2024
2024
Total
Funds
2024
Total
Funds
2023
Charitable activities
54,953
400,320
455.273
371,536
54,953
400,320
455,273
371,536
. Analysis of direct costs
Total
Funds
2024
Total
Funds
2023
Parish Share
Parochial pxp9.nses of clerics
Maintenance of services
Gener31 parish expenses
Mainlen3nce ol churches
Malnlersali￿ of church I￿1}
Aaiiitenance cl olh.ef properly
MBsion and p¥trish
M¥ssion and gfanl h)melworkl
Professtonal faes
Parsonage expenses
MAILMA central costs
Major building repairs and renovations
Purchase of asstes for church purposes
Loan repayments
i rading expenses
76,987
4,649
4,921
52,158
58,549
44,826
62,818
2,039
4,670
840
1,872
117,807
325
3,589
16,069
62,805
23,314
59,678
2,029
6,600
3,040
1,799
65
14,358
1.465
2,500
9,248
80,988
12.773
3,000
9.230
400,320
324 691
. Total
Funds
2024
Total
Funds
2023
b. Staff costs
Wages and sal2rSes
Pension contributions
54,210
743
46.335
510
54,953
46,845
Tlie average number of persons employed by Abergav￿1nY Ministry Area during the year are as follows: _
2024
2023
mployees
No employee received remiineration amounting to more than £60,LX)O in the year.
22

Docusign Envplope ID.. SE303BF6_10ED4D0>97A7_AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEIAENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
8 TRUSTEES, REMUNERATION AND EXPENSES
During the year. no trustees received any remuneration of other benefits .
Durlng the year ended 31 December 2024, expenses to1211ing £2,843 {2003'. £Nill were reimbursed or paid directly to
Trustees.
9 TAXATION
The charity is exempt From corporation tax on its charitable actNities.
10 FIXED ASSETS
FREEHOLD
PROPERTY
COST
Balance brought forward a11 January 2024
101,752
Disposals
Balance carrled forward al 31 December 2024
101,752
It is not considered necessary to charge depreciation on the cost of the Freehold Property owned.
11 INVESTMENTS
2024
2023
Market Value at 31 December 2023
Addition51{Disposals)
Unr83Iise(l Gainsl{losses)
1,960
1,96U
29
Market Value al 31 December 2024
1,989
12 DEBTORS
2024
2023
DUE wrrH ONE YEAR
Other debtors
3.861
4.916
3,861
4,916
13 CREDITORS: AMOUNTS FALLING DUE WITH ONE YEAR
2024
2023
Other creditors
32
27,714
32
27,774
23

Docusign Envekjpe ID.. 5E303BF6_1 OED4D0&97A7_AE780670C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14 MOVEMENT IN FUNDS
MOVEMENT IN FUNDS - CURRENT YEAR
Balance at
31 Decembe Incoming
2023 resources
Balance at
Gainsl 31 December
(Losses)
2024
Outgolng
resources
Transfers
Inlout
Rèstrieted funds
Christ Church, Abergavenny
LegaGy and Church Improvemenl
Christchurch Maintenance
Christchurch Hall
5,589
1,500
1,580
70
5,659
gg8
(504)
(4,340)
2,760
St Helen, Ll¢inelle,n
L13nellen Churchyard Fiind
6,956
6,956
Christ Church, Govilon
Govjlon Maintenance
Govilon Peace Garden
Govilion Toilet
{6,306)
1,640
10,000
8,107
199
{482)
1,158
10,OIXI
St Peter, Llanwenarth
Fabric Fund
Organ Fund
35,713
35,713
2,000
(70,000)
8,000
St Mary's Priory
North Transept Staircase Repairs
2,100
{3,049)
949
Holy Trinty, Abergavenny
HT Bciilding Fund
5,644
1,440
(1,444)
5,640
43,330
10,464
66,122
Unrestricted funds
General fund5
638.356
342.476
1430.752)
13,210
563,290
Designated funds
Christ Church, Govilon
Govilon Maintenance
Gowlon Peace Garden
Govilion Toilet
7,000
7,000
(43)
43
10,000
10,000
St Mary's Priory
Choir fund
Mothers Union
St Mary's LegaGies -
L8gacies/Fabric/organ/Holywell
Funds
3,613
132
7.419
1,170
{8,876)
(536)
2,156
766
23,717
(23,71 n
Ministry Area
Magazine
658
1,270
(127)
1.801
683,476
352,335
440,334
10,464
585,013
Total funds
714,179
395 665
458,709
651,135
Restricted furid5 have been included as advised by the indiviudal church treasurers.
24

Docusign Envelope ID.. 5E303BFP*10ED4D0>97A7-AE780fj70C969
ABERGAVENNY MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15 ANALY515 OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
2024
Restricted
fund5
2024
Tangible fixed assets
Fixed asset inyestmenls
Currenl a5sels
Stock
Debtors
Cash al bank and iii hand
Credilors due with one year
101,752
1,989
10,000
3.681
467.623
{32)
66,122
TOTAL
585,013
66,122
16 RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.
17 TRANSFERS BETWEEN FUNDS
The transfers bel￿een funds represent movement be￿en designated and unreslricled funds during the year, and transfers
from unrestricted to restircted Iuiids to clear any deficit balances arising at the year end.
25