Rogistered Charily Numb. l 152418 NEfHERWENT MINISTRY AREA UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NEfHERWENT MINISTRY AREA YEAR ENDED 31 DECEMBER 2024 CONTEKrs Page Reference ond administrative details of the charity, ils truskees and advisors Trustees report Statemenl of Trustees Responsibilities Independent exominers, report to the trustees Statement of financial odivities Balance sheel Notes to the financial statements 10 Detailed stalement of financial activities 14
NEfHERWENT MINISTRY AREA YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINisfRATIVE DEfAILS Trustees Rev Daniel Frett (Chair) Stuart Lawrenson-Hinde Nicholas Skinner Rev Kay Denly Christopher Towtron Tryphena Willioms Rev Gillian Hubbard Beryl Pugh Stephen Drowley Rev Mandy East Gareth East lon Benton Roly Arthur Fay Baxter Louise Blackmore Kevin Gunn Robert Kenny Sue Kent Eric McKeand Mike John Colin Poyne ryan Smith Racheal Warfield Charity regislrcrtion number 1152418 Registered Office Magor Chvrch Centre Magor Caldicot Gwent NP26 3 Independent Examiner Green & Co Chartered Certified Accountants Pembroke House Llantarnam Park Way Cwmbron Torfaen NP44 3AU
The Church in Wales Diocese of Monmouth Nethenment Ministry Area Annual Report Year Ending 31st December 2024 aether i Charity Number 1152418
The trustees take pleasure in presenting their report and financial statements for the charity for the year ending 31 December 2024. Structure and Governance The NetheNent Ministry Area is a grouping of 19 churches In the DI0Se of Monmouth in the Anglican province of the Church in Wales. The Ministry Area contains the three ministry areaslgroups of churches which existed within the old Caldicot Benefice, Magor Ministry Area and most of the Wentwood Ministry Area. The trustees agreed to stop regular services at st Cadwaladr Church Bishton in 2023, and to hold services periodically in the village hall. In 2024 the trustees agreed to close St Mary Magdalene Church Goldcliff, and the congregation continued worshipping in other churches in the Ministry Area (MA). The MA has three area forums, which provide opportunities for local congregations to discuss matters relating to individual and groups of churches. The forums liaise with the Ministry Area Council (MAC) on matters of mutual interest. The following church communities form the Ministry Area: Bishton - St Cadwaladr (closed pending redundancy) St Brides -st Bridgit Caerwent- St Stephen and St Tathan Caldicot- St Mary Goldcliff - St Mary Magdalene (closed pending redundancy) Langstone (redundant since 2023) Llandevaud - St Peter Llanmartin - St Martin Llanvaches - St Dyfrig {Dubritius) Llanvair Discoed - St Mary Llanwern - St Mary Magor- St Mary Nash- St Mary Penhow - St John the Baptist Portskewett - St Mary Redwick - St Thomas the Apostle Rogiet - St Mary Undy- St Mary Wilcrick- St Mary
The Representative Body of the Church in Wales holds the land and propety of the Church in Wales, they are an exempt charity set up under Section 13(2) of the Welsh Churches Act 1914. They act on behalf of the province in paying the stipends of the full time clergy and administering the Church in Wales's scheme of gift aid. The Ministry Area Council (MAC) acts a Parochial Church Council and Trustees for the entire MA. It is not a body corporate and rts composition, procedure and powers a regulated by the Constitution of the Church in Wales. Trustees are elected annually: the trustees met 4 times during 2024. Objectlves and Activities The objectives of the charity are achieved by promoting throughout the Ministry Area (MA) the whole mission of the church and includes the following: Conducting regular Christian worship. including moming and evening prayer, Holy Eucharist, family, healing and other altemats've forms of worship, and the occasional offices: marriages, funerals and baptisms The provision and maintenance of the fabric of each of the churches, churchyards and associated buildings within the MA, with the exception of any redundant churches The maintenance of Christian burial places within the MA Promoting the study of Christian teaching, practices and Scripture The provision of means and encouragement to promote fellowship within the membership of the Churches and the wider community Pastoral care and visiting the sick and dying Enabling links and communication between the forums, the individual churches and the MAC Fostering ecumenical links between the differing Christian denominations Supporting the work of other charities Monies are raised by freewill offertory, fund raising activities and specific appeals. These were used to support the work and administration of the churches and wider mission. The churches expect to continue with their acts of worship and pastoral care during 2025 and will continue to actively seek to increase its attendance and outreach through its mission work in the community. Many of those involved in the main functions of the churches are volunteers and the Ministry Area is grateful to all those who freely give of their time on a voluntary basis. The Trustees The trustees who served the charity during the period from the Annual General Meeting in July 2024 until the end of the year were as follows: Clergy team: Rev Jeremy Harris (Ministry Area Leader until June 2024), Rev Dan Frett (Ministry Area Leader from Sept 2024), Rev Gilly Hubbard, Rev Kay Denly, Rev Mandy East.
Lay officers: Gareth East (Lay Co-chair), lan Benton {Ministry Area Leader's Warden), Catherine Watts (Ministry Area People's Warden until July 2024), Stephen Drowley (MA People's Warden from July 2024). Other elected members." Roly Arthur, Fay Baxter, Louise Blackmore. Kevin Gunn, Robert Kenny, Sue Kent, Stuart Lawrenson-Hinde, Eric McKeand, Nick Skinner, Mike John, Colin Payne, Beryl Pugh, Bryan Smith, Chris Tawton, Racheal Warfield, Tryphena Williams Risk Review The MAC is responsible for ensuring that reviews of all major risks are conducted and that wherever possible systems have been established to mitigat8 these risks. The risks facing the charity include the state of repair of the churches, churchyards, church halls and the financial requirements to meet its stated activities and obligations. Each local church is encouraged to conduct a review of its own risks and the Propety and Finance SUCoMMittees assist in this and advise the MAC on a regular basis. The Ministry Area has adopted the Church in Wales safeguarding and GDPR policies. 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 Commission but have not. Fabrlc Eighteen of the church buildings within the Ministry Area are listed buildings and each church congregation is encouraged to regular inspections and maintenance as required. Quinquennial inspections are carried out by an independent architect. Two of the churches are closed pending declaration of redundancy. Investment Policy The financial assets of the Ministry Area are maintained at a local church level with a central bank account being used to receive and make payments with regard to ministry areal parish share, clergy expenses etc. The MAC retains overall responsibility for all the finanS and investments of the charity. Bankers The central bank account for the Ministry Area is held with Lloyds Bank, 42 Commercial Street, Newport. Independent Examinars Green & Co, Pembroke House, Ty Coch Ln. Llantamam Park Way, Cwmbran NP44 3AU. Approved by the Trustees and signed on their behalf by the Reverend Danlel Frett (Ministy Area Leader & Chair).
NEfHERwEr MINISTRY AREA YEAR ENDED 31 DECEMBER 2024 srATEMEKf OF TRU5fEES' RESPONSIBILMES The trustees are responsible for preparing the Report of the Trustees and the financial statements in occordance with applicable law and United Kingdom Accounting standords (United Kingdom Generally Accepted Accounting Practice . The low applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 ond the provisions of the trust deed requires the trustees to prepare finoncial statements for each financial year which give a true and fair view of the stole of affairs of the charty and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to seled suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP. moke judgements and eslimotes thot are reasonable and prudent,. state whether applicable accounling standards have been followed, subjed to any moterial departures disclosed and explained in the financial statements," prepare the finoncial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 201 I , the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chority ond hence for taking reasonable steps for the prevention and detection of fraud ond other irregula rities. Approved by order of the board of trustees on behalf by: ond signed on its Rev. Daniel Frett- Chair of Truslees
NEfHERWEKf MINISTRY AREA YEAR ENDED 31 DECEMBER 2024 INDEPENDENf EWNER'S REPORT I report to the chority trustees on my examination of the accounts of the charity for the year ended 31 st December 2024. Responsibilities and basis of report As the chority trustees of the Trust you are responsible for ihe preparation of the occounts in accordonce with the requirements of the Charities Ad 2011 {Ihe ACV). I report in respect of my examination of the Trust's accounts carried out under Sedion 145 of the Act and in carrying out my examination I hove followed all applicable Directions given by the Charity Commission under Section 145{5}Ib} of the Act. Independent examinees slolement I have completed my exomination. I confirm thot no malerial matters have come to my ottention in connedion with the examinotion giving me cause to believe that in any molerial resped: accounting records were not kept in respect of the Trust as required by Section 130 of the Ad,. or 2. the account5 do not occord with those records. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts ond Reports) Regulations 2008 other thon any requirement that the accounts give a true and fair view which is not a matter considered as part of on independenf exominotion. I hove no concerns and have come across no other matters in connection with fhe examination to which attention should be drawn in this report in order lo enable o proper understanding of the accounts to be reached. Green and Co Chartered Certified Accountants Pembroke House Llantarnom Park Woy Cwmbran Torfaen NP44 3AU 28/10/2025
NETHERWENT MINISTRY AREA srATEMEMf OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Dwignatd Restri¢Jed Total fun& nds fvnds lunds Prior year total funds Income and endowments Donations and legacies OFher income Income from charitable adivities Other troding achvities Inves*ments Tolo income Expenditure on.. Expenditure on charitable adivities Raising funds expenditure om: 181,863 8,651 14,890 205,404 323,738 3,072 41,254 111,890 10,360 20,081 36,191 8,450 5,528 52,661 1,597 19,418 9,811 2,146 45,027 98,663 12,193 262,773 4.220 32,635 13,812 52,759 348,167 253 18.285 487,701 15,898 Tolo et Income transfer expen resources ore 120,4081 21,991 16,7481 15,1651 113,2851 Trar15fers: Gr05s Ironsfers between funds - in Gross transfers between funds - out Olher recognised gains / losses Gains/losses on investment assets Net movement in funds Reconciliation of funds Total funds brought forward Totol hjnds corried foNard 6,182 14,1181 4,118 10,300 25,087 16,1821 110,3001 125,0871 17,066 11,2771 2,876 15,9361 19,942 14,778 41,624 28,338 21,991 660,932 59,655 172,550 4,541 360,493 1,193,975 1,165,636 354,556 1,208,75 1,193,975
NETHERWENT MINISTRY AREA BALANCE SHEEr AS AT 31 DECEMBER 2024 31 /12/2024 31/12/2023 Fixed assets Tangible Assets Investmenfs 279,933 377,968 279,933 343,240 657,901 623,173 Current assets Cosh At Bank And In Hand Debtors 582,147 3,776 570,887 2,000 585,923 572,887 Liabilities Creditors: Amounts Falling Due In One Yeor (35,072) 12,0861 Net current assets less current liabilities 550,851 570,801 Total assets less current liabilities 1 ,208,752 1,193,975 Totol net assets less liobilities 1 ,208,752 7,793,975 Represented by Unrestricted Designated Restricted 659,655 194,541 354,556 660,932 172,550 360,493 Fund Totals The financial statements were approved by the Board of Tnjstees ond outhorised for issue and were signed on its beholf by:
NEfHERWENT MINISTRY AREA NOTES TO THE FINANCIAL sfATEMENTS FOR YEAR ENDED 31 DECEMBER 2024 l. AccouMfiNG POUCIES Basis of praparing the finonciol stotements The financial statements of the chority, which is o public benefit entity under FRS 102, hove been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Siotement of Recommended Practice opplicoble to charities preparing their occounts in occordonce with the Finonciol Reporting Standord applicable in the UK and Republic of Ireland IFRS 1021 (effective l Jonuory 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Ad 201 l . The financial statements hove been prepared under the historicol cos convention. Income All income is recognised in the Stotement of Financial Adivities once the charity has entitlement to the funds, it is proboble thot Ihe income will be received and the omount con be measured reliobly. Expondiknrn Liabilities are recognised as expenditure as soon as there is a legal or construdive obligation committing the charity to ihat expenditure, il is proboble Ihot a transfer of economic benefits will be required in settlement and the omount of the obligation con be measured reliably. Expenditure is accounted for on an occruals basis and has been classified under headings thot aggregate all cost related to the category. Where costs cannot be directly attributed to porticular headings they have been allocated to activities on o basis consisten with Ihe use of resources. Taxation The charity is exempt from tax on its charitoble adivities. Fund accounting Unrestrided funds con be used in accordan with the charitable objedives at the discretion of the trustees. Reslricted funds can only be used for porticular restricted purposes within the objects of the charity. RestricPions arise when specified by the donor or when funds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the noles to the financial statements.
NETHERWENT MINISTRY AREA NOTES TO THE FINANCIAL sfATEMEwfs - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 2. OTHER TRADING ACnVITIES 2024 2023 Money roising 98,663 111,890 98,663 111,890 3. TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st December 2024 nor for the year ended 31 st December 2023 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestrided Restricted Total funds funds fijnds Income ond endowments from: Donations and legacies Other income Income from charilable odivilies oiher Iroding adivities Investments Totol income Expenditure on: Expenditure on charitable activities Raising funds Total expenditvre 288,131 3,072 20,552 103,566 3,905 419,226 35,607 323,738 3,072 41,254 111,890 10,360 490,314 20,702 8,324 6,455 71,088 408,365 15,780 424,145 79,336 118 79,454 487,701 15,898 503,599 Net income / (expenditure) resources before transfer Transfers: Gross transfers beeen funds - in Gross transfers between funds - out Other recognised gain5 / losses Gains/losses on investment assets Net movement in funds Reconciliotion of funds Total fvnds brought forward Tolal funds carried forward (4,919) {8,366) (13,285) 15.715 (19,5131 9,372 25,087 15,5751 125,0871 41,586 32,869 37 4,531 41,624 28,338 800,613 833,482 365,023 1,165,636 360,493 1,193,975
NETHERWENT MINISTRY AREA NOTES TO TrIE FINANCIAL sfATEMEKfs - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 5. CREDITORS: Amoupifs FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 35,072 2,086 35,072 2,086 6. TAXAnoN The charity is exempt from corporation tax on its charitable activities. 7. MOVEMENT IN FUNDS Net Movemenl in funds At 31/12/24 At 1/1/24 Unrestricted funds St Stephen and St Tathon Caerwent St Mary Llanvair Discoed St John the Baptist Penhow St Bridget St Brides Sl Dubritius Llanvoches St Peter Llandevaud Sl Mary the Virgin, Caldicot St Mary Portskewett St Mory Rogiet Longstone Parish Church St Cadwolodr Bishton Sl Martin Llanmortin St Mory Mogdalene Goldcliffe St Mary Llanwern St Mory Magor St Mary Nash St Mary Undy St Mory Wilcrick St Thomos Redwick Minislry Area Coldicot Benefice 29,214 38,531 53,849 (1,5041 12,669 10,098 22,398 5,613 2,871 23,818 5,064 13,257 3,280 24,397 307,333 68,535 5,055 8,902 27,459 40 55.92 10,988 3,684 905 17,7751 11,6221 6,253 14,6571 12,8021 13,2881 3,145 12211 13,4641 529 11,7651 2,831 11,6801 11,849) 185 {675) 40,202 42,215 54,754 (9,2801 11,047 16,351 17,740 2,811 14181 26,963 4,842 9,793 3,809 22,633 310,163 66,855 3,206 9,087 26,784 40 56 Designated funds St Stephen and St Tathan Caerwent St John the Baptist Penhow St Bridget St Brides St Peter Llandevaud S+ Mary the Virgin, Coldicot St Mary Portskewett 18,342 64 27,082 6,235 40,862 2,349 13,322) 15,021 64 27,082 6,235 38,619 3,434 12,243) 1,085
NETHERWENT MINISTRY AREA NOTES TO THE FINANCIAL sfATEMEhtrs - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 7. MOVEMENf IN FUNDS - conlinued Net Movement in funds At 31/12/24 At 1/7/24 Designat8d funds - continued St Mory Rogiet St Martin Llanmartin St Mary Magdalene Goldcliffe St Mory Llanwern St Mary Mogor St Mary Nash St Mory Undy St Thomas Redwick Ministry Area Caldicot Benefice 1,178 285 243 {80) 1,098 285 243 763 65,396 2,741 550 7,804 21,388 3,818 763 19,854 1,962 45,542 779 550 7,804 15,452 5,781 5,935 11,964) Unrestriced and desginoted total 833,482 20,714 854,196 Rerided fvnds St Stephen and Sl Tothon Caeent Sl Mory £/onYair Discoed Sl John ihe Boplisl Penhow Si 8ridgel Sl Brides Si Dubrilius L/anYaches Si Peler Llandevaud Si Mary Ihe Virgin, Caldicol Si Mary Portskewett Si Mory Rogiel Longslone Parish Church Sl Codwo/odr Bishion Sl Mortin Llonmortin St Mory Mogdolene Goldcliffe Sl Mary Llonwern Si Mory Alogor St Mary Nash Sl Mary Undy St Mary Wilcrick Sl Thomas Redwick MinislryArea Caldicol Benefice 27,167 113 34,711 423 18,836 14,929 13,655 11,717 15,611 40,327 5,333 4,867 7,615 938 65,529 68,562 15,796 (951 2,079 7,505 4,882 (3021 (1,3881 (562) 10 100 500 2,036 2,550 12,276) 26,865 {1,2761 34,149 433 18,936 15,429 15,690 14,262 13,335 40,327 5,333 4,867 6,525 1,990 57,816 67,637 18,828 (951 802 7,831 4,872 11,090) 1,052 17,7131 (925) 3,032 {1,277) 326 (101 Restrided totol 360,493 5,936 354,556 Total funds 1,193,975 14,778 1,208,752
NEfHERWENT MINISTRY AREA NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 8. RELATED PAKfY TrANSACTIONS There were no related party transadions for ihe yeor ended 31 st December 2024 or the year ended 31 st December 2023.
NEfHERWENT MINisfRY AREA DETAILED STATEMENT OF FINANCLAL ACTMTIES FOR THE YE4R ENDED 31 ST DECEMBER 2024 Gen•ral D•signol8d Reslrided Total furKb fvnd$ fvnds funds 2023 Income and endowm8nts from.. Donolions and legocies Plonned Giving Donalions Loose collechons Grants Legocy gtfts received Tox refunds - Gift Aid For Mission Tax reKtnds - GASDS 106.176 10,752 24,020 4.117 3,312 29,589 225 3,567 145 4,714 910 T07,311 108,069 3.758 18,076 53,950 182 24,347 33,532 10,040 18,871 77,288 3,312 11,287 29,589 36,300 203 3,898 3,110 14,890 205,404 323,738 3,072 3,072 19.418 45,027 41,254 19,418 45,027 41,254 9,811 98,663 111,890 9,811 98,663 111,890 2,146 12,193 10,360 2,146 12,193 10,360 46,265 361,288 490,314 3,898 181,863 SubTotol Donations ond legaciÈ5 Other income SubTolal Other income Income from charitable ortivities Fees SubTotal Income rom charitoble adtvities Other troding octivities Money roising SubTolal Other trading adivilies Investments 5ubTolol Investments Total Income ond endowments from.. 8,651 Other Incoming Resovrces 20,081 20,081 36,791 36,191 8,450 8,450 246,585 5,528 5,528 52.661 52,661 1,597 1,597 68.438 Inve5trnerrt income Expenditvre on: Expenditure on choritable aclivities Parish Share Mointenonce of ChurcF Moinlenance of Services Parochial Expenses of Clerics Generol porish expenses Moinlenonce of other propety Mission'.porish Mission:home/wodJ Exceptionol Expanditvre 5ubTotol Expendilure on charitable octivilies Roisin funds C05t of mone SubTotol Roising funds Tolol Expenditure on.. 148.771 57.761 5,480 12,020 16.827 11.363 2.175 3,762 4,613 262.773 4,220 4,220 266,992 148,771 761,582 19,113 79,325 64,499 716 10,594 8,539 21,912 23,052 4,969 10,836 3,054 27,961 65,006 68,066 2,898 3.420 4,212 9,555 4,613 145,933 52,759 348,167 487,701 253 18,285 75,898 253 18,285 15,898 53,013 366,452 503,599 2,452 4,398 9,892 110,9611 25,681 723 450 32,635 13,812 13,812 46,447 raisin EXCESS OF RECEIPTS OVER PAYMENTS 120.4081 21,991 16,7481 15, 7 651 113,2851