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 A￿ENDANCE
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 Df￿￿￿uth5hl1emI￿￿ryATea.
DI[￿eS￿Of￿kn￿UIh.ChurChbTrwaIe
CharrtyNurnbBr 12W
2024
Hv4rtof mon￿￿￿¥h1re m1￿11ryAt*•A￿rn￿￿l ￿e￿Ort

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
HpJrtalklllnmNthyPJreMIn￿Ar￿AnnU5l 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, ￿0￿red, 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 ComMi￿10n
Websites folbwing r￿lpt of the Rewrt ofthe IndeFendent Examiner.
Re5IX￿1b1llty
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.C￿m the c1￿1ng Balance £951k the eX￿sS 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, Other￿￿d5fort￿o
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
I￿Ome-
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
L5a0de￿edd
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 P￿NCIpLEs
NOWTO HIM WHO BYThE POWER AT WORK W￿H]N
US IS ABLETO ACCOMPLISH ABUNDANTLY FAR MORE
THAN ALLWE CAN ASK OR IMAGINE TO HIM BE
GLORY IN THE CHURCH AND IN cHR￿jEsUs 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 Practi￿1.
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 be￿een 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