Tanat Vyrnwy Mlsslon Area Annual Report 2024 The trustees present their report with the financial statements of the charity for the year ended 31" December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice1SORPI 'Actounting and ReportinE by Charities, issued in March 2005. RÉFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1190957 Mission Area Leader and Administrator Mr Stephen Haves- Mission Area Leader Ms Jennifer Marsden- Mission Area Administrator Principal address Mulberry Place, Arthurfs Gate, Montgomery, Powys, SY15 6QU The Churches whlch make up the Mlsslon Area Christ Church, Bwlch y Cibau; St Cedwyn, Llangedwyn,. St Dogfan. Llanrhaeadr ym Mochnant,. St Ffraid's, Llansantffraid ym Mechain: St Gamion's, Llanfechain,. St Mary's, Llwydiarth; St Myllin's with St Wyddyn's, Llanfyllin- St Sllin's, Llansilin,. St Thomas, Penybontfawr,. Name If appointed or resigned in pÈriod Date Date resigned appointed Office held Clergy Rev Rev Ja Mackrlell Hermione Jane Morris 11.01.2023 28.01.2020 Trustee Priest-in-charge and Trustee Priest Team Vicar Rev Peter William Heaney Rev Norman Foster Maxwell Prebendary Morri5 MA Warden appointed by Shared Ministry Team Dr Lyn Andrea Ash 28.01.2020 MA Leader Rev Stephen Hayes MA Warden appointed by Trustees Mr Jeffrey Olstead 28.01.2020 31.05.2024 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 Mrs 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 Mrs 28.01.2020 Mrs Mr Mrs Christine Rose William5 Peter Wynne Morris Rosamund Helen Crawford Ceris Jane Barrett Stephen Tudor Morris Jennifer Anne Castle 28.01.2020 28.01.2020 28.01.2020 Mr5 Mr Mrs 28.01.2020 28.01.2020 28.01.2020 Trustee Trustee Trustee Independent examlner M D Coxey Chartered Accountants and Registered Auditors 25 Grosvenor Road, Wrexham LLII IBT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trusL and constitutes an ur¢interpor2ted charity. The Church in Wales is governed by itsconstitution. set up vnder5ection 13111 of the Welsh Church Acts 1914, as amended from time to time by its Governing Body. The Tanat Vyrnwy Mission Area Conference is not a body corporate. Its compK)Sltion, proceéures and powers are regulated by the constitution, 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 duty to identify and review the risks to which the charity 15 exp05ed and to ensure appropriate contro15 are in place to provide reasonable assurance against fraud anderror. OBJEcfivES AND AcnvmES Objectives and aims As required by the Charities Att 2011. the Tanat Vyrnwy Mission Area Conference has given due regard to guidance published by the Charity Commission in respect of the operation of the public benefit requirement. The activities undertoken to fulfil the Tanat Vyrnwy Mission Area Conferen￿'S purposes for the public benefit are described and detailed hereunder. The Church in Wales is a Province within the Anglican Communication and Seeks tg advance the Christian religion through world-wide mission. It IS the responsibility of the Tanat Vymwy Mission Area Conferente and the Incumbent to work together and to-operate in all matters of concem and importance to the Mission Area for the promotion of the mission of the church, pastoral. evangelistic, social and ecumenical in the Mission Area. The Tanat Vyrnwy Mission Area Conference is responsible, inter- alia, for the M i55ion Area budget and all expenditure thereunéer, the care and maintenarbce of Church fabric and of the Churchyards, and for any action or other matter referred to it in accordance with the Constitution, and is the nom)al channel of communication between the Tanat Vyrnwy Mi55ion Area and the Diocesan Bishop. Public benefit The Tanat Vyrnwy Mission Area Conference provides a benefit to the public a5 follows: encourage and support all churches to develop into centre5 of Christian faith and committed discipleship, promoting spirituality, prayer and witness with community concern and aLtion bl recognise and value the unique nature of each of the 9 churches and strive to discern a way for the churches to work togetherand complement each other establish mission area-wide initiatives to extend the outreach of eachchvrch. The way the Mission Area hopes to do this by.. - identifying and utilising the skills, talents and resources wrthin each churchcommunity bl developing effective means of communication between the churches and beyond encouraging and supporting individual church initiatives d) launching projects which involve all of the churches and communities. T￿atV￿nw¥ Mlsslon A￿3 Stslernent rA FInan0alALti￿lles Forthe perfod FromOlj￿uWyj)2dto3loer￿Thbet￿14 i1n￿$t11c1ed Desl8nated Re5kn¢ted fun& fthds lunds PrI￿Year lotsl funds fu￿5 lncomettndendob*7n￿tsfrorn.. nations and legacies Othertradinga¢tlvltles Income from tharita￿e actl¥l￿e$ Investments otherip.come 49.1( 149,624 129.582 25,336 21921 1.826 ,052 2L L624 10.553 615 L539 1505 Total i4¢ome endltureon.. Expendlture on charitsble activitie5 Otherexpenditure Ralsin8 funds 124,276 52,758 8L565 189,816 137.9 57.310 242,117 17&643 561 L074 1,1 Total expenditu 14979 d6,941 243,230 179,805 Net Inmme / lexpendibjrel re50urce5 before thn5fer I14.￿3) 5.8L7 24.251 L5,369 ID,011 Trqnsfr￿.' Gr055transler5 betwÈÈn funds- In Gra￿ transFer5 bEtween fuRd5- oui Otherrecollnlsedguins/1055es Gainsllosses on Investment assets 195.440 1ty3.7E41 99.477 199,7821 3,184 42&101 142B.101) 1235,3621 12951 491 L541 Net movement In fands Reconciliqtion olAunds lJ9.3231 5,512 IL552 Total funds bruu£htfoNiard 93. 125.m3 270. Total funds cathed foward 74761 57,621 155,376 2A6,759 270.8% T￿*v¥M￿Y￿￿r￿Ar*a theeta%at31LknmberXIZ4 Genera Fund r*51ywted Fund5 At3V1212024 At3V1212023 Investments 913 913 9.557 Curn¢nt4ssets Debto Inyertments Cash At Bank And In Hand 1505 9,(*9 2¥026 263 6JJ 9.329 61923 74102 9,3 267,IC 57.622 57.622 lJt7blllWes Crediiors.. Arnwnrs Fallin Due In o￿Ve￿I L34 470 l470 261150 270,896 L292 277,202 Net¢yfftntassets less ￿￿Entl1&￿Il￿e5 Trt*l #eta55etsiess Ilabllrt￿S 57.622 74 Repre5Entedby Urttestritted LJnrestricted- Generdl FuAd D￿J￿nated De518llated- Belfry Fund Desl8n4ted- RepalrFund DÈslAnated- Craft FUNJ Desl8nated- DIScre￿Onary Fund Desi8llated- Fabric Fund Designatèd- Fabric ReseNe Fund Desi8llated- Interest De518nated- Me55y thurch Deslgnated- Uansilln of￿ Fu¥)d DE51gnatÈd-IVMPS qebate Deslgnated- St fvtyllins ￿lIdiNgWork&anI Deslgnated-5t Ftylllns Hand Rall DE518nated- Uujon 40th De518nated-Who LetThÈ tkdsout 73,751 Z33 L2aa .075 19) 9,933 9.933 9,236 l6Y 9.ZJ6 914 914 6.8 5J73 17D 5,3TJ 170 %373 241 Restrirted- fvlsslon Area Admin Restrfcted- Brflhdlyl Rhi￿* Monies Re5frfcted-Chancel Replr Fund Restritted-churthyard Fund Rertrftted-churchyard Re5tricted-Churihyard Fund Restrfcted- Fund for elèLtrical improvements Restrfcted-StFfralds Wall ReStricted-Gra￿t Re5tricked-Gtave￿rd Tle5tricted Fund Re5trirted-StMithael's uanffth￿geI Restricted- Uanwddyrn Half fvknrathon d)natyor Re5trirted- NorthA1￿e Fund ReSt￿￿ed- Restoratlon Fund Re5rrirted-OBF Loan Restrfcted- Le8ary- MG Uoyd Restrfued-SfWddyn'sChurant Restritted-Ve5try Fund Restrirted-C)rnmunlty Four,daison Walesfyai Re5tricted-Churchyard fund Restrfttèd- Rhlwlasthurch Fund Restrfcted-childrens fund F￿￿Total$ 16,(11)I yi IZ34L 112[ 14,618 11.070 33.247 213 39.3 5tsJ U5(X) 143J8 IIL58] 1474 053 lts8 L474 LY6 1474 $23 3I5LI 5YJ L749 Z4 FA 1749 8,326 3X) 1374 L374 1374 L43J 653 LY2 9,972 11798 199 270.895 74761 s7￿2 15%376 T￿atv￿1￿￿ss10n ￿e8 ststementof assest￿rf liabllltles As *:31 Deonthi ￿Q4 Ge￿ra1 Fund Deslgnfftd Ilestrirted Funds Funds Thls year Lastyear Flxed Asset Investments Chancel Repair Fund COIF Charfty Fund Total St5511n's Churth StGarm¢hi's 7,853 913 913 9.557 8.746 Current assets- Cash At bankand In ￿Thd ney Man3EerAccount Christthurch ney Man8ger Churchyard Christthurth Bwlch Ycibau PCC Christchurth Churchyard Account Christthurth Church Fund Acwunt Sl Cedwyn¥ Co-op Account St Cedwyn's Co-op Ac¢t>unt St Dogfan's Cash In hand urchy4rdAccount Current Deposlt account Deposlt account Vestry account Current account Co-op CurrentAccount Co-op Savln8sAccount PCC Wneyman3Ker Money ￿nagerfUnd Current account 59 L263 58 1,239 7.431 13.379 1&358 L263 IL078 ILM 12.597 6.497 8.441 21,038 Z5.572 19.075 24145 130 5L8 51 Ffraid's Sl Ffraid's St Ffrald's St Garrnon'5 st Gamion's St Garrnon'5 St Gamion'5 St Gamion's St Marf5 St Marfs St Marv5 Si Marf5 St Myllln with Stwddyn Lllo 407 ¥836 9,441 23 4,5% 19,262 1310 5,021 15,108 2,￿1 2,891 1.870 2.￿1 L[￿1 1835 3.603 4,276 28.528 14.727 61,160 20.471 v&cw Currefit ac(rJunt. CO-OP co.op co.op goday Current account- Ctrop Savings acwunt Current account Toial 1076 8.413 2.435 1076 3L,ts2 10,963 2,699 14,555 %.523 13,305 Z67,llWJ 4.515 15,699 9.933 37,LLI) StThomas MIs￿on Area mis￿0n Area 342 1,4 146,556 13,127 25IOZ6 57,62Z Currerrt assets. Debtors GlftAid other Debtors Total 5t Flrnid's St Ffraid's 215 1,416 L303 L202 Inve51ments NS&I Wynnstay COIF Charity fund T(knl (Jri5tthurch Chr15t¢hurth StGam)on's 3,946 i,281 102 4915 5.078 96 5.281 102 Crethtots.Amountsf4lllng due within St Ffraid's L254 L282 L470 Agenty ¢olle¢tlons Total L292 IA70 Total 57.622 L55376 24759 270,B96 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 l AccountlMK polleles 1.1 Accounting conventlon The financial statement5 have been prepared in acco..dance wtth the tharivs ¢on5titution, the Charities Act 2011 and 'Ac¢ounting and Reporting by Charities.. Statement of Recommended pra[b￿ app]i￿￿le to ch31ities preparing their 3ccounts in accordance with the Finanaal Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021, la5 aw,ended for accounting periods commencing l January20161. The Fin3ncial statements have been prepared to give a'tnje and fair and have departed from the Charities IAccounts and Reports) Regulatio￿ 21J18 onlyto the extent required to provide a 'true and farvievl. This departure hès involvEd following Accountln8 and Reporting by ￿.aritieS preparing their accounts in accordanct with the Finanoal Reporting Standard applicèble in the UK and Ireland IFRS 1021 i55ued on 16 JUNI 2014 ratherthan thÈ Accounting and Reporting by Charities., Statement of Recommended Prè¢ti¢e effective from l April 2Tr)S, whith has slnre been withdrawn. The Charity is 3 Pubilc Benefit Enttty as delined by FRS IO2. The Charity has taken advantage of the pr¢ivi%ions in the SORP for charitte5 apth.ng FRS 102 Update Bulletin I notto prepare a Statement of Cash Flows. The cnariV5 presentation currency ￿ pounds 5tedtnB and all amotsnts s￿ted within thÈ h"Thantial statemÈnts arÈ rounded to the nearest pound. 1.2 Goln8 concern At the time of approvin8 the financial 5taternents. the members have a reasonable expett3tiDn that the charrcy h2S adequate resourtes to cont(nue in operational existence fox the foresee3￿e future. Thus the members continue to adopt the goinK concern b85is of èccountin8 in preparing the finanoal staLEtnpnts. 13 Charltablè fund$ UnrÈstrictÈd finds are available for use at thedistretion of the mernbers in fvrtheranceof theIrChar￿able objec￿veS unlessthÈ funds have been deslgnated for other purp05e5. DÈsiEnat2d funds tomprlse funds which have been Set aside atthe di5fTrtion of the mptnber5 for specific purp05e5. The purposes and use5 of the designated funds are set out in thÈ notes to theffinancial staternent5. Endowment funds are created when B dDnor OT the trusteÈs 5pecifythat a gift invested and only the income earned on the investment may be spÈnt for a speufic purpose. Restricted funds are sublÈtt to specific conditions bydonory as to how they may be used. The purpD5es and u5e5 ol the restricted fund5 are set out'.n the notes to the financial statÈm@nts. 1.4 Incomini re50ur Income is recogni5ed when the charity is legal￿entifIed to ￿ aftpr arry perforrnar.￿ condition5 have bEen met, the amoun15 can be rnea5ured reli3bly, and it is probable tb,at Trntome will be received. Cash donations are recognised on receipt. Olberdonabons are recogni5ed once the charity has been notified of the donation, unless perfom3ncÈ tonditions ￿quITe deferral of thearnount. Income tax reciwerablÈ in rÈlation to donatlQn5 re£eived under Gift Aid or deedsof covenant is recognised ai the time t>f the donation. Le￿cleS are recognised on receipt or otherwise if thÈ charity has been notrfied of an inpending Llistribution, the amount in known and receipt is expected. Of the amobnt 15 not known. the legacy is treated as a contineent asset. NOTES TOTHE ANANCiALsfATEMENIS FOR ThE YEAR ENDED 31 DECEMBER 20 1.5 Fixed asset IrNE5tments Fixed asset in¥estments are initlally Tnea5ured attrn5actioi price excluding transaction tosts and are subsequently measured at fairvalue at Èach repon.i4g date. Chaiges in fairvalue are recognised in net incoTr.e /lexpenditur21 lur theyear. Transartlon w5t5 are Expensed a5 incurred. 1.6 Cash and ¢¥sh equfvalents Cash and cash equivalents Include cash in hand, depa￿t5 held at call wtn banks. othÈrshort-t@rm liquid investments wkth oriwn31 maturitie5 of th￿e miJnth5 or less, and other bank overdrafts. Bank overdraft5 are shown within borrowings in turrefjt liabilities. 1.7 Flnanclal InrtNrnents The charity has dEcted to applythe provisions of Seclion Il'Basic Financial InsErumentl and Section 12'Other Finanaal Instrurnents Issues, of FRS 102 to all of ttsfinancial instrurnents. Flnancial assets and liabilities are offset, with the net amounts p￿sented in the financial staternents, when there is a leg8lly enforceable right to set oft the recognised amDunts and therÈ is èn intEntion to settle on a net basis or to reali5e the asset and settle the li2￿.117 simultaneously. BuskllpTonck¢lossets Basic fiTrancial assets, whlch Include debtor5 and cash and bank balances. are initially measured at transaction pri Includin8 trallsachon iosts and are Subsequent￿ carried at amortised cost using the effettive interest rnethod unless the arrangement constltutes a finan¢ingtransaction. where the transattion 15 mEa5ured at the present value of thÈ future receipts tliscountEd at a rnarket rate of interest. Finanoal assets tlassrfied as receivable within one year are not amortised. Bosicfinonciolllrybilities 8a5ic fin?ncial li3b,'lities, including credltors and bank loans are Initial￿ measured at trarfjaction unle5S the arrangement constitutes a financing transaction, where tbe Gebt instrument is measured at the present value of the fvture payments discounted at a market rate ol intere5L FIDancial lia￿"ll*le5 dassified as payable wr(hin one year are not amortised. Trade creditor5 Dbligatioris to payfor good5 orseNces that have acgulred in the ordinary course of operaiions from suppliers. Amoup-ts payable are classified as current liabilrties if Fayment 15 due withiD one yeèr or less. If not, they are presented as non-current l.'abilitios. Trade treditors a￿ recognised initially 3t tr3nsaction price and Subsequently me35ured at amortised cort usin8 the effectwe interest method. Crltlcal accounting estimates and lud8ements In the application of the tharitWs accounting policle5. the members are ￿QUIred to make judrments, estimates and as5umption5 about the carrying amo'Jnt of a$5et5 and liabilitie5 tPiat a": e not readily apparent from other sources. The estimates and associated assumptions aro basÈd on ￿.iStOriCal experience and other factors that are considered to be relevanL Artual results mèy differfrorn these=stim3tes. estimates and Under￿1[?£ assumptions aTr reviewed on an ongoing basis. Reylsions to a¢counting estimated are recogni5ed in the period in which the estimate is revised wh@re thE rewsion affects only that period, or in the period of the revision and future periods where the re¥i%ion affe£ts br>th turrent and future periods. NOTE5I0TNEFINANa￿$TA￿ENTS FOR TrIEyEARENl￿D31DecE￿Il1cQ4 a Donatlons and lewles U￿restrIc1ed D25*nated Restrfcted Toia Itr24 T¢¥t* Xr3 DonJtiQll5 and ft5 95 Gtsnts iei@ivable 5,217 56.522 34,241 4 CharltAblo Unr¢strf(r¢d Tol* Ice4 Total XQ3 furd5 FeesfDfuco51onal offi￿5 Ic,xo 10.553 20,774 22,921 5 OthertradlngaaM¥e$ Uwe5trfrted ttrfited T&tsi Yo4 Fund ￿15￿￿ Olherfunds enerateo Hall rents '.IcoMe Ma Pari5h5hare aebate Sund 118 5.375 10.514 8,849 61 &393 &3 2,428 253J6 6 IrNestmRnts nre£trided 5iVWted fthY> Peslrirted Total OividÈnd51 inve5tmentin¢ome eanklnterest 279 L539 l223 UZ6 7 Otherlncorne Vr¥esbknd i Reslrirted Tal￿ xe4 Tot4 *]Z3 ns received In5ufrnre (13jm5 8 G*ln$llos8t$omlme&tn*rtJ Resirkted T¢xal 2014 To¢¥ nds lossEs on Invesrmenls 1.541 9 Raislngfw￿s Unresiritted 17e*8Th*d fund5 lunds ResiTKtsd a)Z4 Tota1211Z3 C05E5of fund Tri51n 1.074 1074 L1U L113 NOTESTOIHE FINANCIAL SYATÉMEt4TS FOR THEYEAR ENDED31 DKEM8ER2024 10 Charitable aC￿v[We$ Unrestricted fund$ Designated lurKIs Restrlrted fund5 Totsl 2024 Totsl 1123 Diocesan share Cle Pals￿a 86.144 4.394 86.144 4,391 6D7 87,296 8,297 L492 ex nses e- water costs La Miristers expenses Maintenantr of 5eryitrs C05t5 of vergers and choir Music and erfom13nces Cost of mtetin Bank thar Costs of and post Office and general ex enses Parish administrator Professloll31 lee5 Accountan fees MA Central Costs Church costs- insuran Church costs- electnci Churth costs- as&oil Churth costs-w3ter Churth c05ts- other Churth costs- re Cleanin Churth yard mana ement Other rope airs Churth yard r35s cuttinE Church yard struLturdl ￿paIrS Major re airs an(1 renovations Church ard rnetnorial wsts Chlldren and oun le acbvi Church ublications Mi55i0n and Cvan elism Parish mission costs Diocesan ects su Church chari and pro External tharit'es 129 879 245 l934 55 359 292 8ts 129 14 893 l245 1,630 32 75 125 533 214 es 31 I,IK)5 L365 7,345 L959 L320 46 IL289 1320 1320 10,740 8,707 5,823 9)1 2>1 3,716 10,740 5,823 605 230 104 378 L308 5,977 L082 3,L61 925 245 132 75 3.470 120 9,271 33.117 11861 33,117 54IB7 6,379 1450 45,321 7.704 12 eo costs 174 397 651 ro ort 393 IriJ3 1,852 242,1 ects L017 1,852 137. 1,391 178,643 57.310 li oiher expendiiiire UntEsirldEd l Designated funds Restricted fvnds Total 2D24 Total 2023 Purchase of assets 561 561 INDEPENDENT EXAMINER'S REPORTTO TANATVYRNWY MISSION AREA I report on the accounts for the year ended 31st December 2024. Respective responslbilltks of trustsès and Èxamlnèr The Mission Area Conference (MACI are responsible for the preparation of the accounts. The MAC conslders that an audit is not required forthis year undersection 144121 of the Charities Act 2011 (the 2011 Act) and that an indèpendènt examinatlon Is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Art) to follow the procedures laid down in the General Direttions ￿Ven by the Charity Commissioners (under sedion 14515llbl of the 2011 Actl- and to state whether partitular matters have come to my attention. Ba515 of independ￿nt examSner's report My examination was carded out In accordance with th.e general Directions givèn by the Charity Commission. An examination includes a review of the accounting rKord5 kept by the charity and a ¢omparison of the accounts preseqted with those records. It also includes cop,sideration of any unusual items or di5c105ures in the accounts. and seeking explanations from you as trustees concemin@ any such matters. The procedures undertaken do not Jrovide all thè evidence that would be required In an audit and consequently no opinion is given as to whether the accounts present a'true and fair Vie￿ and the report is limited to those matters set out in the statement below. Independent èxamlner's ststement In Connec￿On wkth my examination, no matter has come to my attention.. il which give5 me reasonable cause to believe that in any material respect the requirements al to keep accounting records in accordance wtth section 130 of the 2011 Act,. and bl to prepare account5 which accord with the accounting record5 and comply with the accounting requirements Df tb.e 2Qll Act have not been met,. or 21 to which, in my op nion, attention should be drawn Tn order to enable a proper understanding of the accounts to be reached. Whi15t carrying Out the Kndependent examination of Tanat Vyrnwy Mission Area. the following issues have come to my atter..tion: As the income for the year is le55 than £250k, the rnission should be using a receipts and poymEnis basis to prepare the accounts. However. adjustments have been made for debtors and creditor5. Ba'ances on documentatior Provided did not agree with the balances on the accDunting softwarè. Care must be taken to ensure that all information agTees. I have no further concerns in connection with the examination to which atteition Should be drawn in the report in order to enable a proper understanding of the accounts to be reached. NAME: Lorraine Hughes QUAUFICATION . FMAAT SIGNED.. DATE.. aw ao35