Registered Charity Number: 1200595 HEART OF MONMOUTHSHIRE MINISTRY AREA UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HEART OF MONMOUTHSHIRE MINISTRY AREA Y84R ENDED 31 DECEMBER 2024 CONTENTS Pogé Reference ond administrative delails of the charity, its trustees and advisors Trustees report Statement of Truslees Responsibilities Independent examiners, reporl to the truslees Statement of financial adivilies Balance sheet Notes to the linonciol slotements Detoi led slotement of finonciol octivities
HEART OF MONMOUTHSHIRE MINISTRY AREA Y84R ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Choir Karen Spencer Trustees Helen Rees Cathryn Fayrer Brooker William Clarke Ingle-Gillis Rev William Henry Savage Priscilla Greenland Clare Margaret Bradly Janette Ann Millet Sarah Frances Boord MBE Sarah Phillips Neville Owen Thomas Crump Peter Spencer Foden Rev Sarah Rosser Robert John Evans Richard Dovid Bloir CBE Rev Sally Louise Ingle-Gillis Suson Nicolo Russell Gerald Christopher Hawkins Charity registration number 1200595 istered Office Sl Codoc's Church Chepstow Rood Roglon Usk NPI 5 2EN Independent Examiner Green & Co Chartered Certified Accountants Pembroke House Llontornom Pork Way Cwmbron Torfaen NP44 3AU
HEART OF MONhou MINISTRY AREAW• iadllill SOMA OCCA C~ORINTHIANS a. I I •. Faith in our Fvlure sbaclh N4ynw¥ uth5hiro Qn Slr FS 2024 GROWING FAITH
2024 IN NUNBERSV INCOME £586,183 EXPENDITURE £753,347 2024 TOTAL AENDANCE OVER170 AMAZING VOLUNTEERSI 10.173 AVERAGE WEEKLY ATTENDANCE *180 16 WEDDINGS 51 FUNERALS 19 BAPTISMS 5 CONFIRMATIONS sss 414"JDIOB .1.41 yniJrChuTfh WE RAN 3 COURSES WITH 60+ REGULAR ATtENDEES 400+ BREAKFASTS SERVED AT THE BIG BREAKFAST WEEKLYWORSHIP 85 COFFEE MORNINGS FOR 470 PUPILS 17 19 FACULTIES TO IMPROVE DUR CHURCH BIIILDINGS SOME OF THE ORGANISATIONS WE WORK WITH 1 _r Usk Town Council Goetre Fawr Ra8lan HM PRISON USK 1HE &cAFE6 Ponlry
A WORD FROMOUR MINISTRY AREA LEADER WELCOME Welcome to this 2024 Annual Report for the Heart of Monmouthshire Ministry Area. A charity within the Diocese of Monmouth that covers more than 25 communities, as well as 20 church buildings, and a vast geography within the beautiful countryside of the county. As the ministry area leader it is an absolute pleasure to work with such a dedicated team of lay and ordained people. Every single person in our church communities plays a part in ensuring that the love of Christ Is visible to the wider community and those who are searching for something spiritual. 2024 was a very busyyear with changes to theteam, numerous discipleship and mission opportunities, and a tremendous amount of hard work on the part of eveiyvrig. Our preseriie iri vur IvLdl ivrTirTiufiiLies ioriiiriues LO grow dfiLI we seg this in the number of weddings. funerals and baptisms we are asked to officiate at. Revd. Canon Sally Ingle-Gillis MinistryArea Leader & Area Dean My personal highlight was thè Lènt walk which took us around thè whole ministry arèa, stopping at each of our churches. We notched up 65 mile5 and 180,000 steps, but more importantly, friendshipswere made and geographies understood. It was a very special time. This year's report takes the themes of the diocesan values and more details of activities and news can be found under the headings of those values in the following pages. Money is always an essential part of any annual report. We include a summary of our accounts here and the full financial report can be found on the Charity Commission website. As a group of churches we see money as one part of wider stewardship which also includes our time and talents, which are given very freely by all those associated with our congregations. A glance at the inside cover of this report, with its quick look numbers, doesn't do justice to the people hours and hard work that goes into the work of the church and I would like to take this opportunity to thank every single person who has helped shape the Heart of Monmouthshire Nlinistry Area over the last year. We can only grow God's church one person and one opportunity at a time. We spent 2024 exploring ways to do that specifically using the Leading Your Church into Growth materials. The words'joy,, 'celebrate', and 'thanks' cropped up time and time again during the year and we were particularly delighted by the excellent numbers of people who joined us with greatjoy to celebrate major church festivals. We will continue to pursue these themes in 2025. I wish to formally record my gratitude to all those trustees who have worked strategically for the Ministry Area, as well as to thank the congregations. and the other organisations we work with, for helping to create a lively, generous, hopeful Christian community. Please forgive the lack of personal mentions. the list is too longl Thank you all. Heart of Monmouthshire Ministry Area admin@homma.org sallyinglegillis@cinw.org.uk homma.org Heart of Monmouthshire MinistryArea ¢2025 Heart Dfuth5hl1emIryATea. DI[eSOfknUIh.ChurChbTrwaIe CharrtyNurnbBr 12W 2024 Hv4rtof mon¥h1re m111ryAt*•Arnl eOrt
This Sast year has seen an exciting thanksgiving service in the Church school irn U5k. On a very stormy Sunday a good number of worshippers came from across the Ministry Area. The purpose ofthe service was to give thanks for the impact of the Leading Your DISCIPLESHIP r.hi Jrrh intn firnwrh r.ni JrEg Thi< r.ni JrEg had nffgrprl a rhallgngg. And An gnn.ni Jraogmpnt aE wg thought about our work reaching out with the good news of Jesus to lead our Church into Growth. Since the course finished a prayer for Growth has been prayed at our regular worship service. In addition to this a group met after the course guided bythose who had attended the course as the priorities for the Ministry Area were discussed. One of the priorities was more small groups and so new discipleship groups were discussed amongst the clergy team. This led to three groups running the same course at different times and on different days across the Ministry Area. The course chosen was the Church in Wales Advent Course. This was a great opportunityto meet together, to talk, to pray and enjoy the course that had beern put together by the Bishops ofthe Church in Wales. We followed the same idea ofthree groups in three different areas for our Lent groups thisyear. The course chosen was the Embrace the Middle East Course. The groups were held in Usk, Raglan and Goytre. In Lent we also had a Lent quiet morning where we thought about the Psalms and how they help us or) our spiritual journey. Over this year it has been exciting to look at our own discipleship and how best we can nurture this. In the next year we will see more opportunities as our commitment to small groups and discipleship continues. It is often assLJmed rhat stewardship is only about money. Although the church could not survive without raising money, Christian stewardship encompasses much more. It's about the way we, as disciples of Christ, share our faith and use the gifts God has given us, through loving service to God and to our neighbours. This iswhat St James was writing about when he talked about showing our faith throLJgh our works. We can see this happening in many different ways and in different parts of our ministry area, with people giving generously of their time and money. However, as in most aspects of life, there is always room for more and in 2025 we are arranging a stewardship course, to help equip us to encourage more people to use whatever gifts they have received from God to proclaim the Good News ofGod's Kingdom and serve others as faithful stewards. STEWARDSHIP The M inistry Area has responsibility for the management of twenty active churches and graveyards plus an additional six burial sites at former active churches. We have undertaken to manage these sites as environmentally responsible as we are able to. We have adopted Diocesan guidelines for all our sites and we have actively embraced the Eco-church programme that is promoted bythe environmental charity A Rocha UK. In 2024we developed an environmental management plan and undertook surveys and action plans with all sites. The hard work of Ioc81 wardens and stewards resulted in all twenry churches receiving ARocha accreditation of at least Bronze standard, with three churches receiving Silver standard. This is arn amazing achievement considering the nature and age ofthe church buildings. The graveyards are also being managed in a way that not only benefits the flora, fauna and wildlife around them, but also encourages any passers by to sit and enjoy the peaceful beauty of the church grounds as well. Our Environmental programme continues as we endeavour to care for God's wonderful creation. ENVIRONMENT 2024 HpJrtalklllnmNthyPJreMInArAnnU5l RepDrt
Across the Heart of Monmouthshire Ministry Area. our churches engage in several local social justice initiatives of varying sizes arnd aims. In Raglan, we host both the Food Pantry and the Cymorth coffee morning. Located in St. Cadoc's, the Food Pantry provides kitchen basics,toileteries, and often a few treats and pet supplies for those in need, whilst helping them to maintain their dignity as there are no onerous qualification requirements. Meanwhile, Cymorth provides a much-enjoyed weekly social time for local residents, and also includes talks given about local history, charities, and social services. SOCIAL JUSTICE The Goetre Wellbeing Café is a valued feature hosted in the Village Hall by several hard-working and dodic3tod church folk who givo considor3blo tim• and onorgy to ensuring that the local population has a social outlet and are well-looked-after by their community. Meanwhile. in Usk. the Little H ill Growing Group involves local residents wirh the small-scale raising and processing of vegetables, welcomes anyone with or without prior experience, and distributes their produce (often as a surprisel to locals who either need the vegetables or simply a boost that week. The UskToddlers Group, put together by the church to meet a need that hadn't been met previously, is a thriving little community of parents, carers, and toddlers has burgeoned around the group. There are other things going on quietly too, such as dedicated visiting and one-on-one care offered to individuals. These are not as easy to keep track of but are equally important examples of our desire to meet people where they are. without judgement, and with the God's love evident. Further afield we corntinue to be linked to the churches in Davyton in the Highveld, praying with them Jiid ijffvi ii-iy sFivcifii fii-iai-iiial >uykJvi"t tv tlivii" pjrvjvits. Wv l-lvlij <11) vijuiatiijiial vvvi-iiiiy wirli ti.ailirioi-ial Highveld menu, and Rev'd Sarah Rosser was able to attend the ordination of the link church's deacon. We like tothinkthatwe are inclusive, welcoming, and accepting of diverslty, but the Heart of Monmouthshire MA demographic rarelytests this. We cannot change that the majority of our communities are lacking diversity but we can remain alert and mindful. We can also have resources available and ready. St. Tegfedd's Church, Llandegfedd continues to be part ofthe Inclusive Church Network, an organisation that celebrates and networks churches that are inclusive to all.. EQUALITY & DIVERSITY Many of our buildings are difficult to access for those who have disabilities. Next year we wi11 be auditing our buildings, our facilities, and our resources as a first step to considering how we can address the needs of those who need adaptations and accommodations. This area ofthe Diocesan vision is a work in progress. We have had a number of changes in the ordained team thisyear - we welcomea Rewd Dr Wllllam Ingle-olllls as a silpendlaryieam vlcar and also Rewd Helen Rees as an assoclaie priest. Rev'd Bill Savage was ordained priest and Flev'd Canon Dr Stephen James took on more responsibility despite being "retired'l Rev'd Sarah Rosser our curate, moved on to finish her curacy in Netherwent MA. We said good bye in a Songs of Praise service,. tears were shed and Sarah is sorely missed. Towards the end oftheyear Rev'd Sue Davies Fletcher resigned from her post so a full team was a short lived experience but we are well supported by the rest ofthe team and a number of other retired priests who help with sacramental ministry. We are fortunate to have a lay worship team who lead other worship. as well as our pastoral vi51tors who also take Home Communion to those who need it. Our churches all survive/thrive because of an uncountable number of dedicated and willing unpaid people. Their ministry cannot be overestimated and our churches are indebted to them all for their hard work and care. 2024 V4rtalMunmwth¥NieNln*ryAre•4nnu41 Rewr
TO ALL OF THOSE WHO HAVE... orchestrated, Cleaned the loo, baked. boiled. brewed prayed. Car. and Shared. grappled with glue and glitter. typed. *e¢hed', or telephoned, sauteed, seared, sizzled. or 5er¥ed. hlftÈd &tIng, scyoons. or Staging, oryanised co-ordinated. arranged washed Upi cleared or tidied u welcomed. ushered in. and 14Stened. r¢ad the word and spread the word, floristed. deforested, and floricultured, scrubbed. spru¢ed up, 0red, or swept. managed. manufactured. mended. or minded. balanced books, pald the bllls. phoned the bank, tinkled. vthistled, rangt 5angi Strummed. or drummed. It THANK YOU!
FINANCES AND ACCO The figures below based on the draft Annual Financial Return IAFRI and Ststement of Financial AffairslSOFAI showthefinancesof all 20 churches and of the MinistryArea's Central ExpendY(ure. The final verson of theAnnual Accountswill be FX)sLed on the MA and Charity ComMi10n Websites folbwing rlpt of the Rewrt ofthe IndeFendent Examiner. Re5IX1b1llty Church cost is a big burden on both the Members of the MA Council asTrustees and, under devow arranqement& on church conqreqations and their l(xal church committees Toqetherour churchesserve a total population of nearlyl2(m people and whilst onwa tiny proFx)rtion regularly attend *rvitrs everyone may wk pastoral care, and the rightto be married and to be buried is open to all. Clergy must be available and church buildings and churchyards must be maintained. Cash Headlines Total Income was £k ofwhich £k was Unrestricted and £3%k Restricted to specific function Total ExFEnditurewras£759k ofwhich £3E8kwas Unrestricted and £391k Flestricted The Opening Balan was£1.Cm the c11ng Balance £951k the eXsS of expenditure over income being £ 72k mitigated by gainsof 08k in investmentVdlue& Net resepJe5 fell ty£54k aEx)ut R£$. EXPEN Res. Unve$. 54% The Insured Value of the buildings maintained kxrt not OWr was019M Major costs The headlinefinancial requirement isto raise incixne and vAiere necessary, Otherd5forto basic needs Paying t(Iwards the cost of clergyand promsion of local mini5ty, and Maintaining church buildingsand churchyards in and safecondrcion. In 2024 such expendvcure was £ 248k and £ 492k Ministry 34% PTOPÈrty Question: should the church spend more on buildingsthan people? Nel Church NetRe5tricled IOme- Unrestrided Income Unrestrlcted Expendltuie Income- expendlluie Restrlcied Income Restrlcte Expendltuwe Unrestrictett Batsnce Changefrom 2023 exp2ndiiuie 8alance TolalFunds Beiiws Nv 3.059 6.872 -3.813 250.397 250,311 15,587 23.111 Bryngwyn 12.476 -2.739 2.613 2,613 14.848 41.113 55.961 -126 Coedy Paen Glascoed 7,131 B.372 -1.241 57.293 57,2WJ -1,241 t7 591 1.378 121 Goetre 30.007 26.572 3.435 7.916 75,806 3A Kemeys Comtnander 1.218 4.683 -3.465 io.oc iO,CNJO 16,820 1.671 18A91 -2.7 L13nbadoc 20.818 24.605 -3.787 42.313 97.070 2,118 L5a0deedd B.724 11.801 -3.077 -3.077 Llandenrry 11.734 16.471 -4.737 1.570 -220 48,195 4.957 Llawbi 16,040 18.998 -2.958 76,767 76,767 22 Llanhennock 11.813 11.741 72 16.165 6.619 7.910 16.021 23.931 Llano¥ei 10,103 12,480 -2.317 74,707 04,483 10,224 32,W7 19,995 52,002 11.300 9,740 1.622 403 0.7J2 JJ,21Z 2,Q25 N3mhiiad 8.705 -1.009 16.19¢ 2.679 18,8n -1.009 Nortkswood 6.483 4.452 2.011 512 512 4.697 6.gJ2 11.599 2.491 Ra8lan 22.930 51.305 -28.375 ii.ooi 8.612 7.978 34.039 42,017 .25. TTedunnoc 16.437 17.308 -871 13,967 20.1 34.on 705 4,84D 7,271 -2.431 15.0 15,WO 30.816 1.148 31,964 Us 67A59 89.545 -22.086 6.147 27. -21,748 67.594 116,163 .39.6S4 Wolvesneffion 7.525 6.817 708 1,120 2,175 17,128 17.088 34.210 HOMMA Centsal 13.378 16.592 -3.214 3.987 1,62S 2,262 8.920 2.362 11282 -8S2 290.078 367.759 .Tr,681 396.187 390,802 5.385 585,038 366.353 951.391 .53. 2Q14
EVERYTHING WE DO IS GUIDED BY THESE PNCIpLEs NOWTO HIM WHO BYThE POWER AT WORK WH]N US IS ABLETO ACCOMPLISH ABUNDANTLY FAR MORE THAN ALLWE CAN ASK OR IMAGINE TO HIM BE GLORY IN THE CHURCH AND IN cHRjEsUs TO ALL GENERATIONS, FOREVER AND EVER. EPHESIANS 3-20.21 HAELIONI GENEROSITY DEWRDER COURAGE ThE LORD IS MY LIGHT AND MY SALVATION; WHOM SHALL I FEAR? THE LORD IS THE STRONGHOLD OF kly LIFE; OF WHOM SHALI I BE AFRAID? PSALM 27.1 E EXAMPLE OFJESUS "I¥HO THOUGH HE WAS I OT REGARD EQU FDRM D E EXPLOITED.- IANS 2..6 LLAWENYDD Joy GONESTRWYDD INTEGRITY REJOICE IN THE LORD ALWAYS; AGAIN I WILL SAY, REJOICE. PHILIPPIANS 4.4 But YOU HAVE UPHELD ME BECAUSE OF MY INTEGRITY, AND SET ME IN YOUR PRESENCE FOREVER. PSALM 41.12 God of mission, Who alone brings growth to your Church. Send your Holy Spirit to give Wision to our planningp Wisdom to our action, Joy to our worshipp And power to our witness Help our Church to grow in numbers, In spiritual commitment to you, And in service to our local communityi Through Jesus Christ our Lord. Faith in our Future Dioce Esgo mouih ynwy
HEART OF MONMOLrfHSHIRE MINisfRY AREA YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees are responsible for preparing the Report of the Trustees and th8 finoncial statements in accordance with applicable low and United Kingdom Accounting standards (United Ki ngdom Generally Accepted Accounting Practi1. The low applicable to charilies in England ond Wales, the Chorities Acl 2011, Charity {Accovnts and Reports) Regulalions 2008 and tha provisions of the trust deed requires the truste8s lo prepare financial statgments for each financiol year which give a Irue ond fair view of the st¢]te of affairs of the charity and of the incoming resources ond application of resourcos, including the income and expenditure, of ihe chority for that period. In preparing those financial statemenls, the truslees are requirod to select suitable occounting policies and then apply them consistently; observe the m8thods and principles in th8 Chority SORP; make judgements ond estimat6s thal are raasonable and prudent,. stat6 whether applicable accounting standards hov6 been followed, subjecF to any material dgpartures disclosed and explained in the financial statemenl5,' prepare he f inancial statements on the going concern b]sis vnl&ss it is inoppropriate lo presume ihot the chority will continue in business. The trustees are r&sponsible for keeping prop8r occounling records which disclose wilh reasonable accuracy at any time the financial position of ihe charity and to enable them to ensure hat the financial stalemenls comply with the Charilies Ad 2011, the Charity (Accovnts and Reports) Regulations 2008 and Ihe provisions of ihe trusl deed. They are also responsibla for safeguarding the ass8ts of the charity and hence hr taking reasonable steps for the prevenlion and detection of fraud and othgr irregularities. Approvad by order of the board of trustees on baholf by: io 202 and signed on its Karen Spencer- Chair of Trustees
HEART OF MONMOUTHSHIRE MINISTRY AREA Y84R ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT I report to the chority trustees on my exomination of ihe occounts of the chority for the yeor ended 31 st December 2024. Responsibilities and basis of report As the charity trustees of the Trust you ore responsible for the preporotion of the occounts in occordonce with the requirements of ihe Chorities Act 2011 I'the Act'l- I report in resped of my exominotion of ihe Trvsl's occounts corried out under Sedion 145 of the Acl ond in corrying ovl my exominolion I hove followed oll opplicoble Diredions given by the Chority Commission under Section 14515llbl of the Ad. Independent examinevs statement I have completed my examination. I confirm that no materiol matters have come to my ottention In connection with the examination giving me cause to believe that in any materiol respect.. accounting records were not kepl in respect of the Trust as required by Section 130 of the Ad,. 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 content of accounts set out in the Charities (Accounts ond Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I hove no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Green and Co Charlered Cerlified Accountants Pembroke House Llonlarnam Park Way Cwmbrar) Torfaen NP44 3AU 29/10/2025
HEART OF MONMOUTHSHIRE MINISTRY AREA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Designated Restricted fund$ funds Totol Prior yeor funds funds totol fvnds Income and endowments from.. Donotions and legocies Oiher income Income from charitoble odivilies Other trading adivilies Investments Totol income Expenditure on.. Expenditure on charitable adivilies Other expenditure Roising funds Totol expenditure 198,960 600 31,577 45,862 8,113 285,111 920 1,625 557 2,050 64 5,215 311,483 511,362 55,648 57,873 11,273 43,407 13,397 61,309 4,386 12,562 396,187 686,513 306,902 1,531 36,082 61,464 9,228 415,208 326,129 557 3,348 330,033 37,259 338,657 702,045 50.000 50,557 2,220 6,034 390,877 758,636 526,637 466 37,725 4,190 530,827 Net inctsme / lexpendilurel resourceg before transfer 144,9221 13?,5101 5,310 172,1221 1115,6191 Tronsfer5'. Gross Ironsfers between funds - in Gross Ironsfers belween funds - out Other rectsgnised goins / losses Goins/ltssses on inveslmenl ossetg Goins on revoluation, fixed ossets, choritys own use 582 582 15821 1,440 11,4401 15821 9,444 4,179 6,262 19,885 30,506 1,575 1,575 60,526 12,566 150,6621 124,5871 Net movement in funds Reconciliotion of funds Totol funds brought forword Totol funds corried foNicJrd 134,8961 128,3321 584,326 549,429 67,351 39,019 353,758 1,005,435 1,030,021 366,324 954,772 1,005,435
Heart of Monmouthshire Ministry Area BALANCE SHEEr S AT 31 DECEMBER 2024 Asat 31172n024 3111212023 Fued assets Investments 363,654 394,599 363,654 394,599 Cash At Bank And In Hand 596,707 613,518 596,707 613,518 Liobiliti•# Cr8dilors: Amounts Folling Due In One Year 15,5891 12,6821 Nel current ossets less curr8nt liabiliti•s 591,119 610,836 Total assets less current liabilities 954,772 1,005,435 Total not assets lass liobiliti8S 954,772 1,005,435 Represented by Unrestricted Dasignated Reslricted 549,429 39,019 366,324 584,326 67,351 353,758 Fvnd Totols 954,772 1,005,435 The financial a*eMants were opproved by thg Board of Trustees and authorised for issue . and were signed on its behalf by:
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Basis of preparing the financial sttheménts The financial slalemenls of Ihe charily, which is a public benef il entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporling by Chorilies: 51atement of Recommended Praclice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive l January 20191,, Financial Reporling Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and Ihe Charities Act 201 l . The financial statemen*s have been prepared under Ihe hislorical cost convenlion. Income All income is recognised in the Stotement of Finonciol Activities once the chority hos entitlement lo the f unds, il is proboble thot the i ncome will be received ond the omount con be meosured reliobly. Expenditure Liobilities ore recognised os expendilure os soon os ihere is o legol or construdive obligotion committing the charity to that expenditure, it is probable that a tronsfer of economic benefits will be required in settlement and the omounl of the obligation con be meosured reliobly. Expenditure is occovnted for on on occruols bosis ond hos been clossified under headings thol oggregote all cost reloted to the cotegory. Where costs cannot be directly ottributed to porliculor heodings they hove been ollocoled io ocFivilies on o bosis consislent with the use of resources. Taxation The chority is exempt from lox on its choriloble ocFivities. Fund accounting Unrestrided funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrided purposes within the objects of the charity- Restrictions orise when specif led by the donor or when f unds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the notes to the financial stalemenls.
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST DECEMBER 2024 2. OTHER TRADING ACTIWTIES 2024 2023 Money roising 55,210 53,835 55,210 53,835 3. TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or oiher benefils for the year ended 31 st December 2024 nor for Ihe year ended 31 st December 2023 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrided Restricted lunds funds Tolal funds Income and endowmenls from.. Donalions and legacies Olher income Income from choritable adivities Other Iroding odivities Investments Total income Expenditure on- Expenditure on charitable activities R0i5ing funds Total expenditure 250,113 1,531 25,512 53,872 6,199 337,228 56,789 306,902 1,531 36,082 61,464 9,228 415,208 10,570 7,592 3,029 77,980 452,129 2,170 454,299 74,508 2,020 76,528 526,637 4,190 530,827 Net income / lexpenditurel resources before transfer Tronsfers- Gross Ironsfers between funds - in Gross transfers beeen funds out Other recognised gains I losses Goins/losses on investment ossets 1117,0711 1,452 1115,6191 17141 53 2,154 11 ,4931 1,440 11 ,4401 24,511 5,995 30,506 Goins on revolualion, fixed ossets, chariws own use Net movemenl in funds Reconciliotion of funds Total funds brought forward Totol funds corried forword 59,537 133,6851 989 9,098 60,526 124,5871 685,361 651,676 344,660 1,030,021 353,758 1,005,435
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST DECEMBER 2024 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors 5,589 2,682 5,589 2,682 6. TAXATION The charity is exempt from corporotion tox on its choriloble odivities. 7. MOVEMENT IN FUNDS Net Movemenl in funds Al 31/12124 At 1/1/24 Unrestrided funds Kemeys Commander - All Scinls Troslrey - St Dovid Roglan - St Cadoc Llandenny - Si John the Apostle Bryngvryn St Peter Goetre - St Peter Llanover - St Bartholomew Mamhilad - St Illtud Coed y Poen - Chrislchurch Llangybi - Sl Cybi Llanbadoc - Sl Madoc Tredunnoc - St Andrew Llanhennock - St John Llanlrisanl and Llonllowell _ Sl Peler, Paul & John Wolvesnewton - St Thomos a Becket Llondegfeih _ St Tegfeth Usk - The Priory Church of Saint Mary Ministry Area Monkswood - St Matthew Glascoed St Michael Beltws Newydd - Sl Aedden 19,553 31,612 36,353 52,933 13,646 62,317 32,308 16,634 58,540 77,389 45,953 14,838 7,838 4,838 16,420 52,371 6,606 12,135 2,685 788 18,568 12,7331 11,3531 128,3751 14,7371 12,7391 3,435 11,5231 18271 546 13421 13,6401 18711 72 1,622 708 11,9161 11,371 13,2151 2,012 590 12,9811 16,820 30,259 7,978 48,195 10,907 65,752 30,785 15,807 59,086 77,048 42,313 13,967 7,910 6,460 17,128 50,455 17,977 8,920 4,697 1,378 15,587 Designated funds Llanover - St Bartholomew Mamhilad - St Illtud Usk _ The Priory Church of Sainl Mary 833 569 852 389 1,222 569 1,054 202
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST DECEMBER 2024 7. MOVEMENT IN FUNDS - continued Nel Movement in funds At At 111124 31/12/24 Designated funds - conlinued Goelre St Peter Bryngvryn St Peter Goetre - St Peter Troslrey - St David Usk - The Priory Church of Saint Mary 1,927 3,941 211 1,927 3,941 211 557 29,538 557 129,4801 59,019 Unreslriced and desginated lotal 651,676 163,2281 588,448 ReslricFed funds Usk _ The Priory Church of Soinl Mary Si Marys Churchyord Demenlio Cafe St Maryss Fon7ily Church St Matys Fund Raising Ukraine Appeal Clwlnvestmenls Sl Morys Organ Fund Sl Davids Llangeview Sl Jeron7ess L/angwn7 Sl Johns Llangwn7 Sl Michae15 Gwerne5ney Kemeys Commander - All Sain15 Ken7eys Building Fund Ken7eys Churchyord Fund Llanbadoc - St Madoc L/anbadoc Reslrided Llanlrisanl and Llanllowell - St Peter, Paul & John L/an//owe/l Church Fund Llonllowell Churchyord Fund Llanlrisanl Churchyard Fund Llanover - St Bartholomew L1¢7noYer ChonGel Fund Ll(7nover Holl Fund Ministry Areo MA Mission Fund Momhilod - St Illtud Sl ///tuds A4on7hilad Churchyord Fund 12,180 1,000 1671 21,809 449 29,250 17351 1,885 10,619 8,609 4,343 1,502 13,682 1,000 1671 20,405 374 10,832 11,2011 1,705 8,801 8,219 3,844 11,4041 1751 118,4181 14661 11801 11,8181 13901 14991 1,143 528 1,143 528 91,312 5,758 97,070 207 1,248 4,894 223 1,058 5,482 11901 588 9,033 245 717 i 0,000 9,750 10,245 2,362 2,362 2,679 1751 2,604
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST DECEMBER 2024 7. MOVEMENT IN FUNDS - continued Nel Movement in funds At At 111124 31/12/24 ReslricFed funds - continued Roglon - St Codoc Church And Churchyardmainl. Fund Llonhennock - St John St Johns L/anhennock Churchyard Fund Sl Johns Llonhennock Roof Fund Bryngwyn St Peter Sl Pelers Sryngwyn Building Fund Sl Pelers Bryngwyn Churchyord Fund Goetre St Peler Sl Pelers Goelre Churchyard Fund Monkswood - Si Matthew 51 A4atthew's Churchyard Fund St Matthew's Maintenance Fund Glascoed - St Michael Sl Michoe/s Churchyard Fund Wolvesnewton - Sl Thomas a Becket Wo/Yesnewlon Building Fund Wolvesnewlon Churchyard Fund Tredunnoc - St Andrew Iredunnock - Restricted Fund Troslrey - St David rroslrey Building Fund rroslrey Churchyard Fund Llondenny - Si John the Apostle Friends Of Canon Gideon/Hope Foundation ChurchyordA40inlenance Fund Hedge Fund Bettws Newydd - Sl Aedden Belhvs Churchyard Fund Friends Of Belhvs Newydd Church LIGnfoir Kilgeddin - MJ Fund 31,650 2,389 34,039 9,403 1,006 5,613 10,409 5,613 27,993 10,508 2,613 30,606 10,508 7,917 7,917 3,058 3,366 479 33 3,537 3,398 121 121 10,554 4,360 80 2,095 10,634 6,455 18,531 1,575 20,106 900 248 900 248 18371 776 947 1251 18291 634 18621 1541 1,581 869 22,568 200 1,427 11,9531 2,296 20,615 200 Reslricted lotol 353,758 12,566 366,324 Tolol funds 1,005,435 150,6621 954,772
HEART OF MONMOUTHSHIRE MINISTRY AREA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ST DECEMBER 2024 8. REL4TED PARTY TRANSACTIONS There were no relaled party transactions for the year ended 31 st December 2024 or ihe yeor ended 31 st December 2023.
HEART OF MONMOUTHSHIRE MINISTRY AREA DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 General Designated Rastrided furnd5 funds hjnds Total lund5 2023 Income and endowrnents from.. Donotions ond legocies Plonned Giving Donolions LOOSÈ collections Grants Legacy gifts received Tox refunds - Gift Aid For Mission Tox refunds - GASDS Plrjnned giving 64,048 20,060 44,315 29,708 2,025 18,832 64,049 64,630 21,590 41,650 48,588 1,118 45,433 40,578 280,558 311,186 20,533 2,250 4,275 88,549 4,128 22,961 20,082 I,iio 1,509 4,790 9,095 15,909 13,337 311,483 511,362 306,902 55,648 57,873 1,531 55,648 57,873 1,531 11,273 43,407 36,082 11,273 43,407 36,082 13,397 61,309 61,464 13,397 61,309 61,464 4,386 12,562 9,228 4,386 12,562 9,228 396,187 686,513 415,208 920 2,953 15,909 198,960 600 600 31,577 31,577 45,862 45,862 8,113 8,113 285,111 1,838 SubTotal Donations and legacies Other incorne SubTotol Other income Income from choriloble ocliwilies FeÈs SubTotal Incorne from charit(Jble activitie5 Other trading adivities Money raising SubTotol Other trading oclivities Investments SubTotal Investment5 Totol Incorne ond endowments Irorn: Expenditure on.. Expenditure on choritrjble odivities 920 1,625 1,625 557 557 2,050 2,050 64 64 5,215 Other incotning Resource5 Investment income Porish Shore Maintenance of Churches Maintenance ot Services Porochiol Expenses ol Clerics General parish expenses MointÈnonce tsf other properly Mi5sion.'parish Mission..home/world Exceptionol Expenditure Other ministry support Porish shorè Maintenance of services Maintenance of churches Exceptional expenditure SubTotol Expenditur8 on charitable octivities Other expenditure Capilol payments SubTotal other expenditure Raising funds SubTotol Raising funds Tottsl Expenditure on.. 129,613 62,664 15,008 12,199 23,986 26,795 1,986 6,121 129,613 129,881 210,548 273,213 140,484 15,008 7,617 17 12,216 10,985 28,476 54,379 12,821 5,535 33,588 39,922 1,560 5,888 4,621 1,098 7,219 6,697 64,483 64,483 18,974 208 756 30,066 31,357 1,186 6,129 4,162 7,336 2?,088 13,512 18,418 47,946 104,847 338,657 702,045 526,637 50,000 50,557 50,000 50,557 2,220 6,034 4,190 2,2?0 6,034 4,190 390,877 758,636 530,827 1,917 1,258 2,342 208 30,066 4,944 12,538 2,214 29,528 37,259 326,129 557 557 3,348 3,348 330,033 Cost of money raising 466 466 37,725 EXCESS OF RECEIPTS OVER PAYMENTS 144,9221 132,5101 5,310 17?,1221 1115,6191