Tanat Vyrnwy Mi55ion Area Annual Report 2023 The trustees present their report with the financial Statements of the charity for the year ended 31, December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'AccountinE ar)d Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1190957 Mlsslon Area Leader and Administrator Mr Stephen Hayes- Mission Area Leader Ms Jennifer Marsden- Mission Area Administrator Prlnclpal address Mulbefry Place, Arthurfs Gate, Montgomery. Powy5, SY15 6QU The Churches which make up the Mi551on Area Christ Church, Bwlch y Cibau,. St Cedwyn. Llangedwyn: St Dogfan, Llanrhaeadr ym Mochnant- St Ffraid's, Llansantffraid ym Mechain,. st Garmon's, Llanfechain,. St Mary's, Llwydiarth: St Myllin's with St Wyddyn'5. Llanfyllin,- st Silin's, Llansilin,. St Thoma5, Penybonrfawr,. Name ff appolnted or resl8ned in period Date Date resigned appointed Office held Clergy Rev Rev lo Mackriell Hermione Jane Morris 11.01.2023 28.01.2020 Trustee Priest-in-charge and Trustee Priest Team Wicar Rev Peter William Heaney Rev Norman Foster Maxwell Prebendary Morris MA Warden appointed by shared MinistryTeam Dr Lyn Andrea Ash 28.01.2020 MA Leader Rev 5t&phen Hayes MA Warden appointed by Trustees Mr jeffrey Olstead 28.01.2020 28.01.2020 MA Warden and Trustee 01.05.2022 MA Leader and Trustee 28.01.2020 MA Warden, Lay Chair and Trustee Members Elected Mrs Mr5 Kathleen Davies Morgan Natasha Angharad Louise Rutter Ann Elizabeth Edwards 28.01.2020 28.01.2020 Trustee MA Treasurer and Trustee MA Treasurer and Trustee Trustee Trustee Trustee Trustee Mrs 28.01.2020 Richard Huw Edwards Christine Rose Williams Peter Wynne Morris Rosamund Helen Crawford Daphne Winifred Lovell Ceris Jane Barrett Stephen Tudor Morris Audrey Elizabeth Jones Jennifer Anne Castle 28.01.2020 28.01.2020 28.01.2020 28.01.2020 25.04.23 Mrs Mr Mrs Mrs Mrs Mr Mrs Mrs 28.01.2020 28.01.2020 28.01.2020 28.01.2020 28.01.2020 25.Q4.23 Trustee Trustee Trustee Trustee Trustee 25.04.23 Independent examiner M D Coxey Chartered Accountants and Re8lStered Auditors 25 Grosvenor Road, Wrexham LLII IBT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and con5tit¥Jte5 an unincorporated charity. The Church in Wales is governed by tts Constitution. set up undersection 13111 of the Welsh Church Acts 1914, as amended from time to time by tt5 Governing Body. The Tanat Vyrnwy Mission Area Conference is not a body corporate. Its comF)OSition. procedur@s and powers are regulated by the constitutlon, which provides that before assuming office, every member must sign a declaration that he or She will be bound by the Constitution. Risk management The trustees have a Lluty to identify and review the risks to which the charity is exposed and to ensure appropriate contro15 are in place to provide reasonable assuran￿ against fraud anderror. OBJECTIVES AND AcllviTIES Objectives and aims A5 required by the Charities Act 2011, the Tanat Vyrnwy Mi55ion Area Conference has given due regard to guldance published by the Charity Commission in respect of the operation of the public benefit requirement. The artivities undertaken to fulfil the Tanat Vyrnwy Mission Area Conference's purposes for the public benef it are described and detailed hereundèr. The Church in Wales is a Province within the Anglican Communication and See￿ to advance the Christian religion through world-wide mission. It is the responsibility of the Tanat Vyrnwy Mission Area Conference and the Incurnbent to work together and co-operate in all matters of concern and importance to the Mission Area for the promotion of the mission of the church, pastoral, evangelistic, social ané ecumenical in the Mission Area. The Tanat Vyrnwy Mission Area Conference is responsible, inter- alia. for the Mission Area budget and all expenditure thereunder, the care and maintenancè of Church fabric and of the Churchyards, and for any action or other matter referrèd to it in accordance with the Constitution, and 15 the normal channel of communication between the Tanat Vyrnwy Mission Area and the Diocesan Bishop. Public benefit The Tanat Vyrnwy Mission Area Conference provides a benefit to the public a5 follow5: encourage and support all churches to develop into centres of Christian faith and committed discipleship, promoting spirituality. prtyerand witness with community concern andaction bl recognise and value the unique nature of each of the 9 churches and strive to discern a way for the churches to work together and complement each other establish mission area-wide initiatives to extend the outreach of eachchurch. The way the Mission Area hopes to do this bv: _ al identtfying and utilising the skills, talents and resources within each churchcommunity bl developing effective means of communication between the churche5 and beyond encouraging and supporting individual church initiatives dl launching projects which involve all of the churches and communitses. T￿atv¥m￿v Mi55i¢Jn Area Statementol ￿nana?j A(JiMbes FortheperfodfrOmOlJ￿u￿J)23 10 11 Deomber3)Z3 Unrestrfaed Deslgnated Rettrftted fund5 l￿d$ funds Total fund5 Prloryear totsl fund5 Income ondendowmehtsArom.' Donations and le8aties Othertradlng attiwties IncomÈ frow tharitsble attivitie5 Investment5 Other Sncome IIL459 22,￿2 ,582 25,336 21921 1,826 LO,052 ill,&J4 21281 1455 io 791 329 4.360 10,052 Total Income EKpenditureon.' Expendlture on charitablea£Uvltles otheTex￿￿.ditUre Rais,. nE furds 14 &791 37,247 189,816 ,2n 145,226 456 3L253 105 178.643 561 601 IEQ,376 Tot81 expenditure L46.283 1164 3L358 179,805 16L,034 Net income / leKpendi=.urel resou'.te5 befarptsons':er I2.￿)5> &627 5.889 IooIL Il7631 TrGnsfvs.' Gross transfer5 between funds- In Grosstransfen between funds- out Otherrecognssedgulns/losses GJinsl.'os5es on Investment èssets 75.342 11ffj,417] 84457 14141n 235,362 I￿5,362) 61,(00 16LO401 ISL5281 l263 277 1,541 14311 Net movement in fund5 Reeonciiiati¢n oflw?d5 166.31T 47,207 IL552 12,1911 Total fund5 brwghtforward 21.447 78,496 9,344 261,538 Total funds Caprled fory¥ard 93, SILC9 125.703 270,896 259,344 T*laiv￿mwym0S50o￿Arta Shee¢asa131f*ceft4Jer2023 General fwnd De518THted Re5ts1cted Funds Fund5 AtWtsI20L4 At3JI13121QZ Flxed¢7ssets Investrnents 7,853 &746 &745 7,576 cUrr￿t0$Sets Debtors Investments Cash At BankAnd n hand iJts¢ 2.505 9,089 1026 2￿,620 3,247 935 511Y 117,493 117,895 616 254.023 tiabllMe5 Creditor5.-Amount5 Fallln Due In One Year 1,425 £425 470 1255 255 45 Net cureitassets le55 iurrentllablllttes Total Thetassets less 1labll1￿85 52,1(VJ 5IllYJ I17,￿0 1,768 Unresttl(ted Unrest¢ittpd- Generil Fund Deslgnored De518nated- Belfry Fund Deslgnated- Repalr Fund Designated- Craft Fund e51gnated- Dlsuetionary Fund De51gnited Fabric Fvno De5ign3trd- Fabric Reserve Fund t)e5ignited- Interest Deslgnited- O￿an Fund Design3ted- Petty Cash Designated- TVMPS RÈbatÈ Design?ted- Rhiwlas Church Furnd Des,8nited- >tfvtylliiiS Building Work 6rant De5 gn3ted- St Myllins Hind Rall Desbgn8ted- UU Jon 40th Designatsd- Who LetThe Dad50ut RestHrted Restritted- Mis510nArea Admin Restrlcted- Chancel Repir Fund Restrirted- Churchyard Fund Restrlcted Churchyard Restrlcred Churchyard Fund Restritted- Fund forelettrfcal Improvements Restrftted Grant Re5trirted- Grave￿rd Restrftted Fund Restricted-s". Mich3el's Uanfihangel RestriLted- Uanwddyn Half Marathon dwador Re5tricted- North Aisle Fund Re5tritted- Restoration Fund Re5triLted. Restricted Fund Restrlcted- Le8ary- MG Uayd Re5tricted-St Wddyn'schurth Re5tritted- Tran5formation&ant Restrlcted- Vestry Fund RestriLted- Communiry Foundati(￿ Wale5G RestrittÈd C•urchyard fund Pestricted- R1iwlas Churth Fund RestrirtÈd CnilJren'5 fund FundTolals 93.084 2fL> 7,964 5.7(6 9,236 LIE 5,718 628 5.373 241 5.373 241 991 7,853 14.618 IL070 31247 213 992 7.853 14,618 IL070 33.247 213 186 4037 7,576 14,434 7,729 2,367 2L3 119251 IL552 11,W71 Il3261 1625 IL(53 1.216 IB74 625 11.2161 1474 1625 LO91 2,169 &326 4326 &326 3X* 4374 ¥374 1479 4505 9,9n 9,972 11798 199 Z7Q896 9,178 193 251 Statementof as*#artd lithlltle5 A% it.. 31r*tember2021 6•￿￿1 Fu L*sl•*ied Restriaod EtyJowrnEnt Fund5 Fuffids FuTrd5 Th15 year Lxty¢ Flxed knet In¥estrnents Chan￿1 Repair=und COIFCharfity Fund Totsi St&lln's Churth St&rmon s 7,853 7.576 746 7.576 CurrEllt a￿ts-eaShatb3nkdnd Inh Money ￿nagerA￿Ou￿[ Chrfstrhurth Money 4tsna8erChurthyth Ctr'istthurth w1ch Y Cib2u PCC Ch.lstchurth Churthyard Account hrtstthurth a)urth Fund Atttunt Slcedwyn's CTrop St 0￿[&￿.5 Cish inhand stFf￿1d,s ChurchyardA¢COUrt stF<￿Id,$ Cuffent3cmunt St F'raid's Depositaccount St F-r31d's Depositac£ount stGarrnL￿5 Vestry accDLnt StGarrnon's Currentac£ounÈ StGarmon's pcc rthney maTrag2r Stlthrys Moneymaragerfund St ￿ry,5 CurrÈntaccount St Mary's v&cw Stmarfs Gtsvey¥d account Sl Pfyllin wlthstwdth Currentacmunt-co-op St Wlin with5rwoth CIFop Co-op90 day Current acrDunt-Co-OP Current accDunt Total 57 L221 6,552 13,213 16.078 20.186 1239 7.431 7,431 13,319 18,358 24,145 13,3 5757 510 518 1,836 9,441 L4KI L619 8,225 4￿2 4.596 19.252 4,531 22,816 &256 L8J3 41 1835 4,043 14YJ 4276 2LL74 28,>28 14,727 S1,Itrf) 21,866 2L738 60,￿2 17.( 31fa) StThomas IS￿OnAre3 LL4) 117 151016 241.841 Ctsrrtnt J55ets. Dobtor5 StFfraid's SIFfraid's lll3 1303 OtherDÈbtL>rs Total Inwethernts NS&I nnstsy COIF Cha￿ty fund Total thri5tthurch (hristchurd) StGarmon'5 3,915 3,9 5.078 3,912 4,931 Creditors- AmOwitsfalllngd￿• wlthlnoneyear St Ffraid's L4 45 1,470 Accw31- accountan Total L425 470 Totsl Z70.856 NOTES TO THE FINANCIAL ￿ATEmEr{rS FOR THE YEAR ENDED ai DECEMBER 2023 l Accountln8 polides 1.1 A¢(•untlnK ¢onvention The financial statements have been pr=pared in accordance wth the thariws £onstitLtr. on, the Charftie5 Act 2011 and 'Actounting and Report.ing by CharFbe5'. StateTrep.t of Recommendec Pi?cti£e applicable to £harfties preparing thelr actounts in attordante wrth the Financial Reporting St2nda.d applicable in the UK and Republic of Irei4Dd IFRS 1021, las amended for acmunting period5 comrnencing I january 20161. The financi415tstements have been prepared to give a'true ard fai," vi* and have departed from the Charities (Accounts and Reports) Regulations 2(K>8 only to tle exLnt required to provide a'true and far vie￿. This departure has involved following Accounting aid Reporting by Charities P￿Par ng their accounts in accordance with the Financial Reporting Standard applitaNe in the UK and Ire'and IFRS 10211ssued on 16 July 2014 ratherthèn the Accounting and Reporting by Charr(iES'. Stslemont of Recommeryded Practi£e effective frorn l April 2005, which hos slnce been wlthdrawn. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity hastaken athantsEe of the provlslons ill the SORP for tharities app￿Ing FRS 102 Update 8ulletin I not to prepare a Statement of Cash Flows. The charity's presentation turrency is wjvnds sterfing and all amounts stated withln the finan¢lal sratements a rounded to the nearest pound. 1.2 Golng tt*ncern At the time of approving the financial )tatements. the members have a reasonable expecrat on rhat the charity has adequate 'esources %0 Continue in operational existence for the foreSeea￿e fLfLurÈ. Thus the Members continJe to adopt the going concem basi5 of accDUllting in preparing the financial statements. 1.3 Ch#rKabl¢ fund5 Unrestrlcted finds are avallable for use at the th"scretion ol the members in furtherance of theircharitableobjectives unles5 the funds have been desl8nated forother purposes. Dèsignated funds tompr se fLnd5 which have been set aside atthe disuetion of the members for specific purposes. The purpttses and uses of the desIgna￿d funds are set oth in the notesto the finanii31 ststernent5. Endowment fuids are created when a donor or the tr￿ee$SpeCfy ihat a yft invested 3nd only the income eamed on the investment May be spent for a spEcific purpose. Restrlcted Funds arE subjert to spectfir rondttions by donors asto how rhey may be used. The purposes and uses of the rÈstrirted ftsnds arÈ sÈt sut in the notes to the financial Statemen 1.4 Incomlng re50urce5 Incomp is "2cogni5ed when the charity is legal￿ entitled to it after any perfomian¢e ￿nditionS have been met. the amounts Can b@ measured reliablyi and it is probable that income will be receNed. Cash donations are reco8nised on receipt. other donation5 are Tecognised orKe the charity has been notified ofthe donatlon, unless performance cllnditio.?5 require deferyal of the arnount. Income tax recoverable in relat￿n to donatlons received under Gift or deed5 of covenant is recognised at the time of:hE donation. Legacies a*e re¢ogn'5ed on receipt or otherwise if the charity ￿￿5 been notified cf an irnpendiygdistribution, the amount in known and rece.pt is expected. Of the amoLnt is not known, tbe legacy is treated 3$ a con:inEent asset. NOTESTOTHE FINAM¢IALSTATEMENTS FDR THE YEAR ENOEO 31 DEceMèER 2023 l.S Flxed asset inve5tment5 F.'xed asset investments are inlt1al￿rnea5ured at transaction price ex¢ludTng:Trn5action costs and are sub5equendy measured at fair veluÈ at eac.i repor.ine date. Changes In fairvalue are recognised in net incorne Ilexpenditurel for the year. Tran¥c￿on costs are expensed as incurred. 1.6 Cash and tash equivahnts Cash and cash eqdivalents include ¢a5h in hard. deposits he d at call with banK5. Other 5hort-temi liquid investments with ortglnal maturities of three rnoTrths or less. and other bank overdth. Bank overdrafts are shown within 1.7 Finanaal In5tryrnents The charity has elected to applythe provislons of Sertlon 11'8Hsi¢ Finanrval In5trument< and Section 12 '0ther Financial Instruments Issues, o. FRS 102 to all of "tsfinaniial i￿st[urnents. F(nantsal assets and liabilitles are oflset. withthe rTel amounts presented in the finarrial statements, when there is a legally enforceable ri8lt to set off the rÈcOgniS￿ anounts and there ￿ an intention to settlèon ? net ba515 Drtc realisp the a5SPt and settle the liability simultsieou5ty. Buslcflnundulossets 6èsic linancial assets. whlch Include debtors and cash and bank balances, a￿ inttially measured at transaction price includlng transaction costs 3￿rt are subsequentty carried at amorb5ed cost U51DE the effect.ve interest method unless rhe arrangement constitute5 a firyancing trarsattion. wherE-kne transaction 15 measured at the present va',ue of the future receTOtsdisfOUllted ata rnarket rate of interest. Fin4TTcial assets dassrfied a5 receivable within one year are not amortisett. 8usicfiftuncuJllNLrbilitles Basic financial liabilities, includin8ereditow5 and bank loans are initialty measured at transactlon unless the arrangement constitutes a finanting tran5aLtion. where the debt insLwrnent is tveasured at the present ¥alue of the future payments discounted at a market rate of interest. Financial liabil￿e5 classthed as payable within one year are noFt amortLsed. Tr3deueditors are obligations to pay for goods or seThi¢esthat have been acquired in the ordinary course of Operations from Supplier5. Arnount5 payable are cla55tliEd as current liabilities if payment ￿ due within one year or less. If not, they are presented as non-C￿rrent liabi.itie5. fradecreditOf5 are recognised initialty attransH¢bon pricE and 5ub5equently measured at amorbsed ¢0¢4 U5ingthe effecti¥e interest method. Crilkal accountlng estimates and judgemer In the app4ication of the chariV5 accounting pollcies. the members are required to make'udgements, e5titnates and assumptions about the carryin8 amgunt of assets and Iiabilitiesthat are not readily apparent fram other 50urce5. The est;'mates and associated aSSumpt￿n$ are based op historical experience and otherfartor51h3t are ron5id2red to be relevant. Actual results may drffer from tb.ese estirnatÈs. The estimates and underlylnB assumptions are rewewed on an ongoing ba515. Revisions to accounting estimated are recognised in the period in which the estrmate 15 rew5ed where the revision affetts only that period, or in the perlod ol the rev15ion and ffLrture periods wb.ere the revision affec,￿ both current agd future periods. NOTESTOTHeFIWANCIALsfATEMENT5 FOR THEYEAR Ef4DED3IDECDABER 3 DonadonsaTh4 l*pti¢s Unte#rt¢W fwnds De¥￿ated fvnd5 striCEed fijnds Toia 2023 Totsl 2Q12 Don3tlons and Ilts Le des recei%%ble reelvable s.￿3 442 601 2Lbl IiL459 7￿2 34.241 129. 21C63 4 CWtable artlvitle5 Unrestrfcied funds Oesl8n•trd RE5knrted Totsl >Jl3 Toral 2022 Feesforyc(a51onal ofFI￿S io 21921 IL9ZI 5 Oth•rtrathry a￿1Vft0E5 UnrnstrfLt* Oesltytod Restslrted Total TotAI 10,514 8,849 14.207 12 otherfunds enerdted &758 J5 Parish Share Reba".e Svr,d In￿Me 1428 1428 1,575 25336 11752 1455 6 Investments UfirÈsiMo furx15 De￿￿atr￿ Total Divldends Ilnvestment Income Bank Inte￿5-. 275 159 7 Otherincome Unrestrfcted lotd )) Total 2012 funds IQ(￿2 8 Galnsl¢osses un￿strkIed fuDd5 Re5￿cted fvnds Totd 2022 fvnd5 Galn51 lossej oi In¥er.men-.s L263 277 277 L541 L541 431 9 R￿sIngI￿ndS Unrestrkled De￿1N￿d , fwnd5 Yotl ))13 Tota 1122 funds Costs of fLnd rdis'n FA)1 S58 658 NOTESTOTHEFINANaALSTATEMEPll5 FOR THE YEARENDED 31 DECEMBER 2023 10 Charltable actmtles Unrestricted funds Designatèd funds Restrirted fvnds Tot* 2023 Total 2lJ22 Dlocesan share Cle ex ensÈs Parsona 87,296 8,297 L492 i(x> 87,296 8.297 1,492 93,217 4,424 538 È-water costs Maintenance of services Costs of ver er5 and choir Mknslc a.ld perfomanTrs Cost of rneetin 83nk cha Costs of rin-.in Office and general ex Parish 3drnini5trator Prafesgi01al fee5 Attouptan fee5 MA Centtsl Costs Church costs- i￿Su[an Church costs- eleciri Church CQ51S- a5&0il Church cosrs- water Church costs- other Church costs- re Cleaning Churth yard mana ement other oro -re aif5 Churth yard ra55 cuttin Churth ard Structural air5 Chu,"ch yard memorial costs Children and le aclivi Church publications Mission 3nd Evzn Parish rni55ion costs Oiote5a ett5 SU churc￿ charity and Ex:ernal Charities 1,591 1,745 L630 L745 565 IC34 105 125 125 533 314 L365 7,346 es 124 st 1.365 1801 5,121 129 L320 L320 46 11,289 7,143 871 7,628 4,31 4,971 312 951 11,289 7,la3 378 378 5,797 IO82 5.971 1,082 3,161 14COI 6,3 1450 7.7 lJ20 5,667 3,078 14WI 377 1120 6,492 3￿) costs 38 65:. 65L 2W 694 120 259 ro 694 ro QLts 6,437 13 L669 If￿7.376 1.391 145.226 1,391 17&643 1164 3LZ53 11 Otherexpendibjre Urffestrirted Designated funds fund5 Restritted funds Tota 2023 rotsl 2022 Purthase of assets 456 561 561 INDEPENDENT EXAMINER'S REPORTTO TANAT VYRNWY MISSION AREA I report on the acc ounts lorthe year ended 315r December 2023. Respertlve responslbllltie5 of trustees and examlnèr The Mis51on Area Confèrence IMAC) are responsible for the preparatlon of the accounts. The MAC Considers that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to.. exarlline the accourts under Section 145 of the 2011 Act) to follow the procedures laid down in the Genera5 Dsrertions given by the Charity Commissioners (under section 14515llbl of the 2011 Actl.. and to state whether particular matters have tome to my attention. Basls of independent examlner's rèport My examination was carried out in accordance with the gene.'al Directions given by the Charity Corn￿.15$10n. An examination Includes a review of the accounting record5 kept by the charity and a comparison of the accounts presenied with those records. It also includes consideration of any unusual item5 or di5c105ure5 in the account5, and seeking èxplanatlDiiS Iro.m you as trustees concerning any such matters. The procedbres undèrtaken dD not provide 311 the evidence that would be reqaired in an audit and consequently no opinion Is given as to whether the accounts present a'ttuè aid fair viev¥ and t.ie report 15 limited to those mattèrs set out in the statement below. Independent examlner's statement In connection wth my Èxamination, no matter has come to my attention.. 11 whlch @Ives me reasonable cause to believe that in any material respect the requirements 81 to keep accounting records in accordance with Section 130 of the 2011 Act. and bl to prepare accounts which accord with the accounting records and comply with the accounting requlrements of the 2011 Aci have not been met,. or 21 to whlch, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached, Whilst carrying out the independent examlnatlon of Tanat Vyrnwy Mission Area, the following issues have come tts my èttention.. As the income for the year is less than £250k, the mission should be using a retèipts and paymÈnts basis to prepare the accounts. However, adjustment5 have been made for debtors and creditors. Balances on docLmentation provided did not agree with the balances on the accounting software. Cale must be taken to ensure that all information agrees. I have no further concerns and have come 3cr055 no other matters in connettion with the examination to which attention should be drawn in the report in order to enab'.e a proper understaiding of the accounts to be reached. NAME.. Lorraine Hughes QUALIFICATION .. FMAAT SIGNED. DATE . (i*ot£t Joa4