MARGAM MINISTRY AREA
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023

MARGAM MINISTRY AREA
COIITENTS
Report of the Tn￿leeS
Independent Examinerfs Rek
Statement of Financial Acts￿1
Balance Sheet
Notes to the Financial Statements
5-11

MARGAM MINISTRY AREA
REPORT OF THE TRUSTEES
The Trustees present ther report along with the fir￿￿la1 statements of charity lor the yEar ended
31st December 2023. The f￿an(￿al slalwments have been prepared in accordance V*ith Accounting aTh
Reporting by char￿"e$: Slatement of RecommerKl8d praCt￿e a￿l￿ble to charities preparing their
accounts in accordarKe wilh the Financial RepwbrKJ Standard ap￿1¢able in the UK and R8￿b￿.C
Ireland {FRS 102) leffeclive 01 j￿Uary 2019).
STATEMENT OF TRUSTEES. RESPONSBILITIES
Trust8es ar• r8spcfflsible for preparwo the of Ihe Tntslees aTrJ Ihe financial statsmgnls in
accordance with applcabl8 law and UThted Kingkni Accwntry Slandarts {United KIn￿]￿n Generally
Accepted ACC￿ntsng Practice).
The law apF4i¢able to ¢h8rities in England and Wales rewifes the Trustees to prepar& financial
sialemenls lor each financial year whith gve a fair of the stale of the affairs of th8 charity
and of the incoming resources and 8ppltathon of re$(xjr￿ of the chwlty for that pèrkxl. In pr•pariThJ
these fmancial statements. thè Trustees we reqimred to:
select suitable a¢¢ountirwJ FdKies and th8n appty them consistenuy.
make I￿Jgements and est#nates Ihal reasonabb• and [￿￿0n1..
stsle whether 8ppka)b ￿)UntIr￿j stsrKlards h8v• been foltrA*d. sufyect to any material
d￿rtUreS di￿10$ed and Ihe Ilnarthl staI￿ants..
epare the fina)ci* statements ￿ the gory ¢c￿C￿n ba￿ ￿lesS it is inapw0pria￿ to
presume that the ¢harAy￿111 cont•w& In operat*)n.
The Tru$l8es ¥¢ r¢sp)n$hSle for keeFing proper acc(yJnting records that disclose wilh reasonable
a¢¢uracy al any lime the finan¢ial p)sthn of the cknty and enable Ihem to ensure that the firsancial
$ts19rngnls compty with Iho Charibgs Ad 2011 ond Tho Charity (Accounls and Repcftsl RegulalK)n5
2008. The Tru5tee5 are also reswywble for safeguar(ling the a$$gts of th? charity hen￿ for tokirg
reasonable steps the preVen1K￿ awKJ detsclK)n of Irwj and othgr ryularrti&s.
Approvèd by order of the Truste8S and syd cffl the Tntst88s' behalF'.
W•ndy xor￿ - Chalr
14th Juty 2024

MARGAM MINISTRY AREA
DEPENDENT EXAMINERS REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
I report lo the charity tNstees on my examinèlion of the ac¢cAJnts of the ¢hwlty for the yw eThJod 31st
Decemter 2023, wf¥¢h are set out on pages 3 to 10
RESPONS181LITIES ANO BASIS OF REPORT
As the charitys Irustee3 you are respcrffjilAe for Ihe preparalicffi of the accounts in ￿e￿dance wilh tt)e
requirements ol the chari￿es Acl 2011 {'the Acf).
I report in respect ol my examinab.on of the chaFiVs accounts cwried out under seclK)n 14S of Ihe ALt
and in carrying out my examinatiorh I have fofn*Ed al the applcaile DirectKYks given by the Charity
Commission under section 145(Sllbl of the Acl.
INDEPENDENT E¥AMINER% STATEMEtr¥r
I have completed my examination. I confirm thal no malerial mattws have comè to my attenti)n in
connection wth the examination giwng me cause lo bele¥e that in any material ￿spect..
accounting records wwe kept in respect of Ihe ctharity as requir￿ by section 130 of the
Act: OT
th8 acujunts do noi compty with the apPI￿able Tequrements conceTThng the form ar￿ content
of ￿Ctsjnts sèt in the Ch￿t￿S (Accc￿ts ￿ Reporisl RegUla￿onS 2￿8 other than any
requirthment Ihat thè accojnts giva a Iru& and far viw/ whth is rnt a matter considered as
oart of an independent 8xamina¢ion.
I have no COr￿ETn$ and have come ac*oss no other mattws wi cMnection with the examination to vthich
attention should be drawn in this reF(fft lo enabbe a woper understanthng of Ihe accounts lo be read)ed.
Kath8rln* R. Ang•ll ACCA
Sq l0•120I

MARGAM MINISTRY AREA
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31ST DECEMBER 2023
R05trict•d TOTAL 2023 TOTAL 2022
Funds
fR9slal*dJ
Note
In¢omlng R••¢)urc•$
VolLA)tary IncrAne
G8noral Income
Investmenl IrKorr
160,661
366.945
170,005
137,885
.436
150.020
6,029
170,005
89.603
48.281
Tolal Irmnw¥J Resources
465.893
2111.942
674.135
516.486
R•soure•s Exp•nd•d
Charilable acti¥￿eS
SOOJ77
47
548.360
469,754
Tot81 R•sww Expended
47M84 $48.360
469.754
N•t IncomIn￿lOuI9O1ryl R•s¢uru•
8•lor• TraMf•rs
134.904)
161,458
121474
46.732
Transfsrs ba￿￿en furvts
11
1.850
N•t lnc0mlnglll￿t00￿9l RMow¢
Before Oth•r R•¢oynls•d Galm &
Los505
136.8341
163.308
12fj.474
46.732
Oth•r RecogThsed Garts & Losses
N•t Mo¥•m•nt In Funds
P6.W)
161308
126.474
46,732
Reconcillation ol Funds
Tot81 turnls bfoJLtht forvA
259A54
120.IY)O
917,103
1.296ffi57
1,277,949
Total Fund¥ Cath•d Forward
120.IXIO
1,080.412
1,423.132
1.324.680
Th8 Stalem8nt of FvwKial wK*Jdes gain5 and k)$￿ in ￿r.

MARGAM MINISTRY AREA
BALANCE SHEET
AS AT 31ST DECEMBER 2023
2023
2022
IResr¥t
Flxèd Assets
Tangible assets
Investments
120,000
641.29T
120,000
598.959
761397
718,959
Curr•nt Ass•ts
Oebiors
Cash al Bank
587,693
6M335
595,699
Curr•nt Llabllltl•s
Creditors
18.000
N•t Curr•rt Awts
661M35
577.699
Total Ass•ts L¢ss Curr•nt Ll•blllttas
1.296.657
Fund$
G&neral
Designated
Restri¢le¢J
222,720
120,1100
1.IJ80,412
259,554
120,OlJO
917,103
1.423.132
1.296.657
T1￿$¢ linan¢ial stsle￿nts *tre approNtd bylhe ￿'n￿ty kna C(yJnc4 and ￿th(wIsed for issue on
14th Juty 2024
and fftre sTrJned ils beh811 ty.
Wendy Xerri- Chair

MARGAM MINISTRY AREA
NOTES TO THE FINANCIAL STATEMEMfs FOR THE YE￿ ENDED 31ST DECEMBER 2023
1) Accountlng Polklqs
Th• fmanoal Stalwwts hav•i)••n Fwared hisW*wx4 ¢*)st arnl with appkable Xcfwnting standards
prepariry ihe finanual staiernents khe charity forK￿ best 8ccordarKe w￿h Accwntir*J and Re￿iting by Chwtties
stattrmoni of R•¢omm•nded Plac￿ appK¢abl• kj dwty•s prewiNJ Ihw act￿nts a¢¢ordance wrfh th* Fin￿￿41
R8porimg Standard appfKth ￿ th8 UK arml RepL*&of keland IFRS 10218ffecaive 01 Jarw 2019.
R•$irf¢i•d Funds
These c•) onlybe used fi* the w*po$es lorww tr* wwe 9￿. Thg MiNstyArea has savaral suth fund&, d8lai18
olwhich are set tyjl in noto 9 01 Ihe accounts.
Deslgh•t•d Funds
The T￿￿te8S can des￿a￿ale Some of Ihe uni85tricled lurth lora p￿1￿U￿r purk*)se. Th8se ft￿￿5 romain wiol lh•
r8slrided hJrKIs. The Klirmstrykna has 5ever* sKh lurK15. the dBlals of which are s•t wl In no18 9 of lh8
UnrgStr*t¢d are a¥al* uso al oflha T￿￿teeS in 1wther￿ cl the ger￿1 aclivths
of Ihe chwity.
R•sourc•s Expended
A Contrib￿1￿ to ts ClwJtth in W*s is pavj 15 inCk¥1￿ in thefMa￿Jal S￿te￿EntS >pir lo
hich ilrel8te$.
Re$tyJrc¢s ?Mpendgd PWKrtI to inwrgd attth10b￿ VAT. VAT paid for
repa¥s and maintenance maybe reC¢￿ere¢j The Li5knJ PIKes ofWor5hip Grdnt Stherne applt*le, Th) other
VAT w b* fe¢over¢d. Resourcgs eypgn(led are akt*ed a￿1￿ty b whth Ihey re￿Ie.
rinancial ststernents.
As rTrJst ol the M￿agement and ol the dM¥ch 15 carri8d by voknle8rs, ￿langth cosl 15 Trjl ind￿￿
in tho financAI sthwK*nts•s to tr* frfe thrth
Flx•d
rNed assets ar• rKowded al c￿.
Inmmkng R•••urc
Al Ir￿¢￿￿9 resources are irK•JJed in the 51at8mert olfmmual whan th8 ch*rty is enblied to i*omè
and th• am¢￿1 can be r•asorth *¢yJrw. Th• 5p•tsk potri•s are appl￿ to part*AJkv
catsgorie$ of
il IWI voluntaryqiwNJ is in tr* frnKial slal*wtsftyll* T*t** il is ¢￿e￿.
l Dona￿nS ￿der GffiAKI the as8LKb?W taxreojvwyare recogriMd a¥ iK•me th• don8￿1 is
ceNwJ.
Mil Legaci•s am Ktthmt•d for a$ t1￿ w¢¢ew is ar￿ ￿ be Y(w￿qUa￿lf￿d.

MARGAM MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
11 Accountkng Pollclo5 {contlnu•d)
Inve8tmonts
Re¥ls4d gain and k)sses ￿ ines1ft￿lS are ￿>￿￿ed as th* d*lwerKo betwn the s*5
pw¢eeds and the* Ma￿￿1 valL* al the S￿of >ear. or rtsL aTrJ are (hwged
credited io the Slatern￿I0f Fin8nci81 Acli¥iMw Ihe
Unreals8d ga￿5 and l)sse5 represenl Ih• n￿orn•￿t in th• tho yw and t
redthl Dr Gharged to the StalEmnl DI F￿￿K¥a1 knItsBs based on m•k•t vak* atlhè yèar end.
Taxatlon
As part of the Churth in Walgs. Ihe clmvch 15 an excepknj the 011￿ TaxE5
A¢ts. Ac￿rd1ngty It is potentiahy ex8nyI trcth laxalKyn in resFéd of ￿￿or￿a and cawtsl gairr6
receNgJ to the 8x18nt that suth orgains ar8 to exckF• tharlabk purwse5.
o¥k8ion lortaxayon ha$ beon made Ilnanc4 $lalThnts.
21 Voluntsry Income
Total
Fund
Fund
2023
2022
Oonatlon
Planned giviThJ
Loose colleclicffl5
Ch*bk
WeddiThJ. 88pti5rn & Funerdl lees
Tretto Bay Clwr(* Fundts
Giant Funi*no
Other Don•iiw$
Tax refuTh15
101J53
103,047
102.745
570
5.224
20.775
20.TT5
18.495
11.351J
15.115
51271
107,325
62.621
122.441
29.9•6
69,461
109.8S3
31,038
206,284
180,661
366.945
360,436

MARGAM MINISTRY AREA
NOT&8 TO THE FINANCL4L STATEIIEtr¥fs FOR The YEAR E￿￿ED 31ST DECEWBER 2023
Totsl
Funds
Funts
Fund¥
2022
st John's Churth Pothc**4
st David's Chu￿￿ Pcfth¢¥
AJI S*nts
Sl The(*Joie ChwGh. Kwfig
e & KerfvJ Chu￿he5
Sl M￿. Marw Ab
Sl John SchorArrJOW4 Port￿1
Samls. H*1. Por1h￿l
Sl David's Hth, Port
& KanfwJ c1￿Ch H81
St Marfs C￿r¢h Hal. Mwg8rn Abt4y
Kord* Hll CCVnrn￿fy
Mwg8mAbbey Shop
200 C￿. Ptythc
100 Clkn. Pyla & Ktnfig
1•.m
iOJ70
401
4,100
4.901
11S•
1,505
13,771
10,015
1.505
13.771
10,065
10.710
2.335
790
23.941
59.121
1,018
1,593
1595
27,313
58.700
2.595
27J13
50.780
1.277
7T2
26,147
26.047
12,953
41 lThvulTr¥nl In
Funds
Funth
FuThJ8
2022
Rértal incthmè
Bank inlerest recei¥8
Insuiarte
S￿8 ol assets
Invt$thient irtoma
Prefil on disFosal offwd unrts
Inr*tr•stslldt¢ftras¢l in mork•t v•k*
olln¥egtrnents
11.582
1791
7W1
12.02S
42.686
13M7
13,657
9.323
24,960
186.4691 '
09.603
4U81
137.885
6.029
51 Colts of Charllthl• Aeiiviuts by Fund Typ•
Total
F￿d5
2023
Fwd5
2DO,199
121.1511
109
15m4
296.428
9J99
24419
<21.1$11
193.014
17.337)
lthrd￿ry- (Mher
Cl&ryYexpBn￿s
Cost ol church fNdo 12)
Chaiitsbk gi¥iTrJ
14894
341777
1533
12.816
257.801
13.459
47.349
135
so0￿77
47J84
518.360
469.754

MARGAM MINISTRY AREA
NOTES TO THE FINW4CIAL STATEMENTS FOR ThE YEAR ENDED 31ST DECEMBER 2023
71 T•￿￿ts1• Flxed A¥¥•t•
Total
CMt
Al 01 J•nuary 2022
120.￿Al
120.CrfJO
rhsposals
At 31 Oeeernber 2022
1Jl.000
120.IX)CI
Net Book Valu•
At 31 Dec*mt*r 2022
120.IJOO
120.00•
Lan¢J & B￿dir￿ the CO8tofe*y al Ma**yAf Wesl ETh#A￿￿. Porth¢a￿.
81
2023
IRv*•r•OJ
Marw ¥rabJe * 01 J*wy 2023
Inv¢slm¢nt in¢
Cosl d inves1rr￿fit
Profil on offvTrJ wits
Paid lo parish funds
(Dec￿a$?￿l￿￿6as8 In rna￿81 ¥ah￿oI luThl
$98,909
14,043
13861
584,395
10.066
70.000
24.980
{4.0431
186.4691
28.021
M*wk•t It 31 D•¢•mb•r 2023
611247
$98,909
Invoslmonls are mode cffj b￿￿f01 th8 lkni5tykn ￿ Ihe corm￿ Irhwlmenl F￿d are stated al th8 middl8
markol valje of £2.2125 at 31 Dec8mb6r 2QJ13106carrt* ￿22.. È2.09561. ￿￿1*1￿1 in t1￿ irNeslmw
lotal is É48,C6412022.. £371531 hekl in tath bythè Bthty W*s.
Ir￿ude￿I In irwesknenl tofal we Car￿￿ wy15 cl £51&58112022.. £479.8041 for Ihe Cv
Efvl DWE5 Vineries fund. £36.21612022.. £34.3031 fc¥ Glan EV￿ l￿d. £9.518 12022.. £9.0151 for the
St Johns C￿r¢*y* kn*garna￿ lund. £70.10512022.. £65.9551 Icrf Ihe Gc*llreyJ8mes fuThJ. 8ThJ t9,825
12W22.. 9)871 ￿ th8 M￿9￿m ma￿tena￿a Fwwj.
Tr•awxy W•r Stock¥
2￿3
2022
Markel vahje al 01 J￿￿ary 2023
IDetreasePlncr&ase In m*ketvdue of
IAart¢t valu• at 31 O•¢•mber 2023

MARGAM MINISTRY AREA
NOTES TO THE F1m￿ClAL STATEIENTS FOR THE YEAR ENDED 31ST DECEMBER 2Q23
81 tnv•8trnents Icontknu•d)
kn•1b*￿ Of In￿$¢M•n￿ b•tw••n l￿d$
R•stricl•d
Funds
Total
Funds
2023
Total
F￿dS
2022
Funds
R8CIW- Or Ellèl Gra¢* Davios
RBCW- Mr Da￿d Tumer Glan Evans
RBCW. Amatymated Fund
RBcfw-Canon C*)dfr&y Jan￿$
RBCW- Maigarn Maintenance
Tf•asw W* Slocks
51S,$81
36216
9.518
70.105
gA2S
515.$61
36.216
9.518
70,105
9.825
479,804
34.303
9,01 S
66.699
9.087
641.24
' 2021 Fundsreslated fo include £9.087b8My The Clmffch Fabnc aLhY Alainlenanc8 F£u*J frc¥n lh8 sales Pr￿￿5 of
Sf Davrfs 8$ tsld 4*h Tt* &vtyoflh& CluJrd¥ ￿ Wats$.
InfO￿natiOn on th8 res1ric￿cr￿. deS¥Jnati0r￿￿ FIWFK￿ofthe Iwd% 15 *xkxl8d w*hin Note 9.

MARGAM MINISTRY AREA
NOTES TO THE F14ANCIAL STATEIIEIITS FOR THE YEAR ENDED 31ST OEceM8ER 2023
259.554 465.893 IX•).8771
222.720
DesNJngied Fund5
ProF•ti
120.￿XI
120.0fy)
T¢*lvr¥esbKlod lun(L5
379&4
46&893
342.720
R•strf¢t•d Futhds
Sl Joth% Buming F￿Try
Samts. 8uihling Fund
St Da%i&s &11￿1n9 Fund
$1 Jth Baptist ChwL*yard T￿￿•
Dr Ethel Da%ios- Vmeries
The CoM*KIPartér
Damd G￿fi Ev*ts TNSI FUNI
St ThEOd￿￿& Building FurKI
66.￿7
26.147
(10.0481
8.368
17.219
51&581
16.393
479.&J5
9&207
34203
35.777
4.172
1.914
36216
Canon Godfvey Jame5 Tw51 Fur
Sl M*akne FWKI
Sl Mary Gr••w*d F￿1
Sl JarTWS &￿Ilth￿vj F¥ThJs
Sl Jamas Gra¥eywd F￿fj
Wateis Louther Tntst
Maryam AW Organ Fwd
Grawdid Fund
Margam At+• M81n￿nance Furtl
Pthnisbry Ats8 Fund
Chwrtabkn Funds
70,105
41564
40.312
1.8XS
5*320
579
61.4YJ
232DJ
14.1(
io.
24.387
13.916
13.lcfj
9.818
9.719
121.7471
115.5541
rnslrirjed lurwJ5
917.103
47.484
1.080,412
Total Fund•
129&857
674.135
1.421132
The Dr Ethth St ￿hn*¢I￿￿￿y*￿*d held a5 instrn¢nis. as Xt
Mlè 8 10 Ihelcth￿ts. St Clwrth Isenli￿ the #￿e luTrts. tr•be typbed forth
m￿ntenanCe of St John's a￿1 the thwd4y¥d r05r••. these hdd ty Ihe
Repieg•nl•tN• Boty r11￿ In W*5 w tyy51.
c￿￿￿P*k￿r Fund ar￿ D•N4Gkn Trwt Fwvj IKthI b￿¢￿￿S¢Jthnts Ctrwrth. Al
Saints. Cmreh and St Damds ￿rth. The ca￿r￿ Tnjsl FWKI gven IDr the ofSI
The WatW5 LC￿9her TntsttsJbJ5 lunds lororfiEIp5d nEr￿￿ty orcornkxtlo be the beneflofptr
101 An•t*71s of NetknMIs B•lw•w Fw
641.247
439.165
222,670
I.tW.412
342,720
VwlvKttd Incrme
120.if
R•soU￿•S Ewnd
12Qf
641.297
132

MARGAM MINISTRY AREA
NOTES TO THE FIIIANCIAL STATEMEIITS FOR THE YEAR ENDED 31ST DECEMBER 2023
111 Tr￿5[•￿ B•tw••n Fund¥
FvrKJs transfwred botseen LknresilKe￿ F￿1$ lh8 R•stri¢t•d th•
121 Go•ts ¢lGPwreh A¢ll¥ttl
Total
2￿22
Funth
2023
Malnt•nanc• ol S•ThlM•
tar
Organists, thtyrs.
(Mhor musc •xF4rws
Cl8anSr¥J
Heal & Llghl
Olher Se￿￿5
2.166
5,722
40,535
1,441
22,889
10.%2
847
80.524
4847
89,524
2,393
41,033
S707
41m3
&707
100 C￿b
131.782
136,782
84,476
hurch MaInt•n￿•
InsurarK¢
Sl &)hn$
A4 Saints
Sl Dawd'$
si Th￿rye,5
Sl James
St Mary Magdthne
Margam Abbey
4,879
18,312
5.527
3.268
19.121
2.453
7.878
•.674
7.878
19,n2
10.041
14.286
6.67S
3.925
39.527
67$
17,78D
21.747
13.302
31.795
10&587
70￿52
Prop•rty Ma1￿•*8￿¢•
St Jthn's Scl#)dr
St Jthn's Chur¢hyad
Al Sa￿15. H*1
Sl Dav#J's Hal
34,698
2,723
3.823
7AJ8
10.310
&144
1.215
6,395
4,462
7.168
3.744
Kenfi9 Hil Cffiimrrity S￿>p
Pyle & KenfKJ Clwrch Hal
K4aryJam Church Hall
ergy Hcuses
10,310
S,144
3.39B
4.011
4011
3*104
61.506
General Parlsh Expgns
Pfintiw & Slat￿8ry
"s$￿n Fund expensès
]￿ePenden1*x8min￿$ lees
Abbty Sh
(MhereMp8Tr585
13
4513
14434
1610
29.657
6,885
14434
2.610
28,023
33,463 '
12•
50349
15>54
69,291
296h28
7J4
28
.824