Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
WJJames&Co
Chartered k¢ountsnts
Our Ref: JR145361GD
Mr Thomas Lowes
North Monmouthshire Ministy Area
clo The Old Rectory
Llanvapley
Monmouthshire
NP7 SSN
Brecon office..
Blshop House
?OWhÈat st￿et
B￿Con
Pw5
ID3 7DG
30 July 2024
Dcar Mr Lowes
Tel.. 01874622381
Fax."01874 6Z24Z7
enquiries@w￿lr￿k¢ts.uk
The IinanLidl statements for the Ye1￿ ended 31 DeLember 2023 have now
been prepared and therefore l enclose the following for your attention.. -
Hay-on-vtye offlce..
l. A copy of thc accounts for approval. If thcse are approved can they
be signed on pages S and 7 as indicaled and rcturncd to mc. I will
then arrange for the Independent Examiner Report to b¢ signed. I
will then provide you with copies for your records and for
submission to the Charity Commission.
Manche5teT H(wse
3 Castle St￿et
Hry-on-wye
HwÈford
HR3 5DF
Tel. 014978221S(>
Fax."O1497 822160
enquirfes@wjjan￿.￿k
2. Our Letter of Rq)resentation in Tclation to th¢ Pr￿aratiOn of the
accounts for the year end¢d 31 December 2023. Ple&8¢ review this
and if you are in agreement with its contents could you ple&8e
aTrange lor the letter to be printed on hel￿ed paper. signed and
returned to me lor my file.
Uandovery Dffictr.
16 Ston@ Street
Ilandovery
Camarthenshire
SA20 OIP
Should you have any queries or require any further infomiation please do
not hesitate to contact me.
Tel..01550 7Z039)
enquirfes@wJJ'ame&c¢.uk
Kind Tegards.
W I I￿5 & Co is a tr4thngname
of W I lame5 &Co Limited.
¢tyyny rewttwed in England
andWales,number04435595.
Yours sincerely
,JHe£Jdetw
Ww.W￿aWaCroUntrThts.(￿Uk
Re￿stered office..
Bishop H¢wse
Iowheat Street
Joanna Roderick
for and on behalf of
W J James & Co Limited
email.. jo a).WJjiwnes.co.uk
Powys
LD3 7DC
A list of directors can be obtainEd
from the rwstered office
x￿￿￿￿￿K￿m¥re8Ulated for
rdnge of In￿lment twsiness
activitie5 bythe Instrftute ol
CharteredAtcountarrt5 In
England andwales.
Established 1929.

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
REGISTERED CHARITY NUMBER: 1203196
NORTH MONMOUTHSHIRE MINISTRY AREA
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
CONTENTS
YEAR ENDED 31 December 2023
Page
Referèneè and admlnistrative d8talls of tho charity, its trustoes and advisors
Trusteès Rèport
Statemènt of Trustees Responsibilities
Independent examlners, report to the trustses
Statement of financlal activities
Balanco sheet
Notes to tho financial ststements
8-15

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS
TRUSTEES AND ADVISERS
YEAR ENDED 31 December 2023
Chalr
The Reverend Julian Francis Gray
Trustgos
Rev David Charles Roberts
Kay Ann Howells
Emma Yvonne Robinson
John Léwis Pavett
Cordelia Passmor8
Jessica Mary Grahan
Philippa Frances Rumsey
Colin Raymond Jarrett
Rev Gaynor Elizabeth
Karen Jane Farr
Elaine Marion Norman
Verity Margarel Rumsey
Thomas Ninian Lowes
Janet Barr Watson
Rev Caroline Heidi Ann Prince
Eric Graham Evans
Margaret Kathleen Parry
Charity registration number
1203196
Registered Offlce
10 The Pines
Mardy
Abergavenny
NP7 6HQ
Independent Examiner
J M Rod8rick, Bsc ACA
WJ Jamès & Co Limited
Bishop House
10 Wheat Street
Brecon
Powys
LD9 7DG

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 December 2023
The Charity Trustees (the Trustees) of North Monmouthshire Ministry Area {the Trust) present
their annual report togelher wilh the financial slatements of th8 Trust for the year ended 31
DeGemb8r 2023
These financial statements have been prepared in accordanGe with Ststement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance with Ihe Financial Reporling Standard applicable in the UK and Republic of Ireland
(FRS 102) issued on 16 July 2014 and Financial Reporling Standard applicable in thè United
Kingdom and Republic of Ireland (FRS 102) and Charities Acl 2011 and the Trust's
Constitution.
OBJECTS AND ACTIVITIES
The promotion of the whole mission of the Church, pastoral, evangelical, social and
ecumenical, in the Ministry Area of North Monmouthshire.
ACTIVITIES UNDERTAKEN TO FURTHER THE TRUST'S PURPOSES FOR PUBLIC
BENEFIT
The Trustees hav8 referred to the guldance contsined in the Charily Commission's general
guidan￿ on public benefit when reviewing the Trust's aims and objects. All these aims are
undertaken to further our objective for the public benefit.
REVIEW OF ACTIVITIES
Calendar 2023 was our first year as a newly constituted MinSstry Area and 8ccordSngly much
time was spent in getting to know each other in what is a very large geographical area with
sevenleen separate church communities. We have held a number of Ministry Area-wide
servlces, including Evensong. Healing and Taizé services, along with Quiet Days and
training events. During our transition phase in 2022, our Minisiry Area Holy Week services
were led by Bishop Cherry and in 2023, by Archdeacon lan. They proved very popular with
good attendance.
FINANCIAL
As slated in these ac¢ounts we are pleased to report that NMMA'S churches {with the
possible future oxception of ￿0} are in a reasonable financial position at Ihe year end.
POLICIES
W8 have 8 seri8s of Financial and Govemance policies in place. as developed during our
Iransition phase. We have adopted the Diocesan Safeguarding policy and ea¢h church
dlsplays a poster indicating the fact.
SAFEGUARDING
The majority of MAC members have completed necessary Safeguarding Training Modules IK
B & C. There were no known safeguarding issues within the MA as al 31S1 December 2023.
INB: not everyone has completed Module C].

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 December 2023
ACHIEVEMENTS
Despite being one and more recently. two priests down, meaning that of our Pastoral
Dislricts have been without a permanent priest, Se￿ice$ have been maintained for thjse
congregations. This has been possible through the good offI￿S of members of our
permanent clergy team and more regularly, through the continued support provided by
members of our wider clergy team who have PTO slatus. We are hopeful that recent
appointments will give us a full clergy team by earty 2025.
PLANS FOR THE FUTURE
To continue with development of the area with a view of succession for all seventeen
churGhes.
GOING CONCERN
Taking account of the Charills assets, the Trust8es have a reasonabl8 expectation that the
Charity has adequate resources to continue in operational existen￿ for the foreseeable future.
For this reason. they continue to adopt the going concern basis in preparing the financial
statements. Further delails regarding the adoption of the going concern basis can be found in
the Accounting Policies.
RESERVES POLICY
The MA will retain such funds as are necessary for it's ongoing viable operation. No
borrowing of any kind will be entered into by the MA without the prior unanimous agreement
of the Trustees.
INVESTMENT POLICY AND PERFORMANCE
Each of our churches retains it's own bank account & treasurer in Ihe event that the MA
ases operation in the future. Inveslment funds are variously held at banks and other
fundslCOIF and independent of the MA and we therefore have no comment on perfomance
other than what is stated in these accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
These are all as set out in documents previously produced by the MATT (Mlnlsty Area
Transition Team).
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
Trustee appointments aré made by election at our Annual Vestry Meetings or rf necessary,
periodic MAC meetings.
INDUCTION AND TRAINING OF TRUSTEES
Trustee training comes from the Diocese and any training is Carried out on an ad hoG basis.
Training is on going and trustees will attend courses as and when is needed.

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 December 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Annual Report and the financial
slatements in accordan￿ with applicable law and United Kingdom Accounting Standards
(United Klngdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees lo prepare financial
statements for each financial year which give a true and fair viéw of the slate of affairs of the
charity and of the incoming resources and application of resources of the charity for that period.
In preparing thesg financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP 2019 IFRS 102)..
make judgements and 6slimat8S that are reasonable and prudent-
slate whether applicable accounting standards have been followed. subjecl to any
material departures disclosed and explained in the financial 5talements-
prepare the financial slatements on the going conc6m basis unless it is inappropriate
to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any lime the financial position of the charity and enable them to ensure
that the financial statements cofflply with the Charities Act 2011, the Charities (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and oth8r irregularities.
Approved by order of th6 Trustee Board on
by
2024 and signed on their behalf
Chair of Trustees

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 31 December 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORTII
MONMOUTHSHIRE MINISTRY AREA
I'the Charity'l
I report to the charity trustees on my examination of the accounts of the charity for Ihe period
ended 31 December 2023 which are set out on pages 18 10 32.
Responsibilities and basis of roport
As the charity's trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examination of the charity's a¢¢ounts carried out under section 145 of
the Ad and in carrying out my examination I have followed 811 thg applicable Directions given
by the Charity Commission under section 145(5}Ib) of the Act.
Indapondent èxaminèrfs statement
sin￿ the company's gross income exceeded £250,000 your examiner must be a member of
a body listed in Section 145 of the 2011 Act. I confim Ihat l am qualified to undertake the
examination because l am a member of Institute of chartered accountants, which is one of
the listed bodies.
I have compleled my examinalion. I confirm that no material malters have come to my attention
in connection with the examination giving me cause to believ8 that in any material respect-
accounting records were not kept in respect of the charity as required by section 130
of the Act" or
2. Ihe accounts do not aGcord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and
content of accounts sel out in the Charities (Accounls and Report) R8gulations 2008
other than any requirement that the accounls give a 'lrue and fair view, which is nol a
matter considered as part of an indep8ndent examination.
I have 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
thè accounts to be reached.
J M RoderiGk Bsc ACA
WJ James & Co.
Chartered Accountant
Bishop House
10 Wheal Street
Brecon
Powys
LD3 7DG
2024

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unro¥tricted
Funds
2023
Designated Restricted
Funds
Funds
2023
2023
Total
Funds
2023
N￿e
INCOME FROM:
Donations and legacies
Charitable activities
Other trading aclNilies
Investments
Other income
196,887
19.433
14,415
23.203
20,902
20.227
6,810
122
89
200
12,040
229.154
26,243
17.675
23,615
21.147
3,138
323
45
TOTAL INCOME
274.839
27.448
15,546
317.833
EXPENDITURE ON:
Raising funds
Char[tal￿e activities
2.103
273.852
2.103
325,518
35,518
16.349
TOTAL EXPENDITURE
275,755
35.518
16.349
327,621
Nel Gainsl{lossesl on investments
83,793
32,076
115,869
NET INCOMEI{EXPENDrruRE)
82.877
8,070
31,273
106,081
Transfers belween fund$
17
15841
584
NET MOVEMENT IN FUNDS
82,293
8,070
31,857
106,081
RECONCILIATION OF FUNDS
Total fundg brought forward
643.877
107,356
315,266
1,066,499
TOTAL FUNDS CARRIED FORWARD
726.170
99,286
347.123
1.172,579
The Statement of Financial Activities includes all gains and losses recognised in the year.
All of the ￿tIvitIeS of the ¢harity are classed as continuing
Tho noto8 on pages 8 to 15 fomi part of th•s• financlal statements

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
Note
FIXED ASSErs
Investments
11
628,573
628,573
CURRENT ASSETS
Debtors
Cash at bank and In hand
12
9,082
539,253
548,335
Creditors . Amounts falling
due wilhill one year
13
4,327
NET CURRENT ASSErs
544,008
TOTAL ASSETS LESS CURRENT LIABILITIES
1,172,581
TOTAL NET ASSETS
1,172,581
CHAR Thy FUNDS
Unrestricted funds
General funds
Restricted funds
14
14
825.458
347.123
1,172.581
These financial statements were approved by the trusl8es and authorised for issue by the Iru51ees on .
are signed on ils behalf by.
. 2024 and
DCF¢36CtDB4F477
TnJ$tee
Trustee
The noto8 On pago8 8 to 15 fom part of th898 financial statements

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
1 ACCOUNTING POLICIES
Statement of compliance
The finoncial statements have been prepared in aG¢ordan¢e wth the second edition of lh8 Charities Statement of
Recommended Practice issued in October 2019, Ihe Financial Reporting Standard 8ppllcable In the United Kingdom and
Republic of Ireland {FRS 1021 and thè Charities Act 2011.
Basis of preparatio
The Ministry Area ol North Monmouthshire meets the definf(ion of a public benefit enlily under FRS 102. The accounts
Irinancial slatementsl have been prepared under the historical cost convention wth items recognised at cost or transaction
value unless otherwise slated in the relevant nolels) lo these accounts.
Exemption from preparing a cash flow statement
The char¢ly opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow
slalement in these financial slalemenls.
Going concem
The financial $tatemenls have been prepared on a going concern basis.
The Iruslees assess whelher the use of going concern is appropriate i.e. whelher there are any material uncertainties
related to events or conditions that may cast signrficant doubl on the ability of the charity to continue as a going concern.
The Iruslees make this assessment in respect of a per￿ of one year from the date of approval of the financial
statements.
Incomlng resources
Voluntary income including donallons, gifts, legacies and grants Ihal provide core funding or are of a general nature is
recoonised when the charity has entitlement lo the income, il is probable that the income will be received and the amount
can te measured bmlh sufficient reliability.
Donations and legacies are recognised on a receivable basi5 when receipt is probatle and the amount can be rellably
measured.
Donated services or facilities. which comprise of donated services, are Inciuded In Income at a valuation which is an
estimate of tre financial cost borne by the donor where such a cost is quantifiable and measurable. No income is
recoonised where there is no financial Gosl borne bv a third partv.
Grants are recognised whern the charity has an entitlement to the funds and any conditions linked lo the grants have been
mel. Where performar￿0 conditions are atiached lo the grant and are yet to be met, the income is recognised as a liability
and included on the balance sheet as deferred inwme to be released.
Government grants are recognised based on the accrual model and are measured al the fair valLte of the asset received
or recelvable. Grants are cias5rfied as relating either to revenue or lo assets. Grants relating to revenue are recognised in
income over the period in which the related costs are reCogn￿sed. Grants relating to assets are recognised over the
expected useful lrfe of the asset. Where part of a grant relating to an asset is deferred. it is recognised as deferred
in¢ome.
Grfl Aid relief on eligible donations 15 recognised on an accruals basis al the same point as the original donation.
Investment income is recognised at the lime of being received.

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 ACCOUNTING POLICIES {CONTINUED)
Expenditure
All expenditure is recognlsed Or￿ there 15 a legal or conslruclive obligation lo that expenditure, il is probable selllement is
required and the amount can be measured reliably. All costs are allocated lo the applicab￿ expenditure heading that
aggregate similar costs to that category. Where costs cannot be directly attributed lo particular headings they have been
allocated on a basis consislenl with the use of resources, with central staff costs allocated on the basis of time spent. and
depreciation charyes allocated on the portion of Ihe asset's use. Other Support costs are allocated based on the spread of
staff costs.
Raislng funds
These are cost9 5r￿Urred in allradrng voluntsry Income. the management of investments and those incurred in IradirrfJ
activities that raise funds.
Charitable actlvltles
Charitable expenditure comprises those costs incurred by the charity in the delivery of Ils activit￿S and services for Its
beneficiaries. 11 includes ￿th costs that can be allocated directly to swh activities ttJose costs of an indirect nature
necessary to support them.
Governance costs
These include the costs atttibulable to the charity's compliance with conslitutional and ststulory requirements, including
audit. strate9ic management and Iruslees, meetings and reimbursed expenses.
Taxalion
The charty is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore
meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempl
from taxation in respect of income or capital gains received within categories Covered by Chapter 3 Part 11 of Ihe
Corporation Tax Act 2010 or Section 256 of the TaxalKyn of Char9eat￿e Gains Act 1992, to the extent that such income or
gains are applied exclusively to charitable purposes.
Trade debtors
Trade and other debtors are r￿QgNised al the settlement amount due after any trade discount offered. Prepayments are
valued at the amount prepaid nel of any trade discounts due.
Cash and cash equivalents
Cash cash equivalents comprise cash on hand and call deposits. and other short-term highly INuid inveslm8nls that
are readily convertil￿e to a known amount of cash and are subject to an insignificant risk of change in value.
Trade credltor8
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third paty and the amount due lo settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally re¢ognised at their settlement amount after allowng for any trade
discounts due.

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 ACCOUNTING POLICIES (CONTINUED)
Fund structuro
Unrestricted income funds are general funds that are available for use at the Iruslees, discretK)n in furtherance of the
objectives of the charity.
Designated funds are unrestricted funds set aside for specrflc purposes at the dlscrelion of the trustees.
Restricted income funds are those donated for use in a particular area or for Specific purposes. the use of which is
reslricled lo that area or purpose.
Flnanclal Instruments
Cla55ifi¢ation
Financial assets and financ¢al liabilities are recognised when the charity becomes a parly lo the contractual provisions of
the inslrumenl.
Financial liabililles and equity instruments are dassified according to the substance of the contractual arrangemenls
enlere(J into. An equity instrument is any conlracl that evidences a residual interest in the asset5 Qf the charity after
deducting all of ils liabilities.
Recognltlon and measurement
All financial assets and liabilities ore inib'alEy measured at transaction price (including transaction costs), except for those
financial assets classif￿￿ as al fair value through profil or loss. whlch are Inllially measured al fair value IwhiGh is normally
the tratssaction price excluding transaction coslsl, unless the a￿angement conslitules a financiThJ Itansaction. If an
arrangement conslilules a financing Iransaclion. the financial asset or financial liability is measured at the present value of
the future payments discounted at a market rale of interest for a similar debt inslrumenl.
Financial assets and liabilities are only offset in the statement of financial position when, and onty when there exists a
gally enfor￿able right lo set off the recognised amounts and the charity intends either to sellle on a nel basis. or to
realise the asset and settle the liabilty 5imullaneou$ly.
Financial assets are derecognised when ar)d only when 21 the conlraclual rights lo the cash flows from the financial asset
expire or are settled, bl the charity transfers lo another party sub51anlially all of the risks and rewards of ownership of the
financial asset, or c) the charity. despite having retained some, but not all, significant risks and rewards of ¢)wnership, has
transferred control of the asset lo another paty.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged. cancened or expires.
10

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2 INCOME FROM DONATIONS AND LEGACIES
Unrestrl¢ted Designated Restrictgd
Funds
Funds
Fund5
2023
2023
2023
Total
Funds
2023
Planned giving (direct debit & SOI
Loose Collections
Donations
For Mission
Tax Reclalmed - Gffi Ald
Legacies
Grants
57.264
28,379
20,618
3.392
46,859
3.024
37.351
600
57.864
28,481
30.466
4.073
48,795
3,024
56,451
102
344
1,936
19,100
196.887
20.227
12,040
229.154
During the year grants were received from the followng..
Unrestricted Designated Restrlcted
Funds
Funds
Funds
2023
2023
2023
T¢)tsl
Funds
2023
CADW
We will remember them
Green Energy
Solar Farm grant
Other Small grants
14,591
14,591
15,000
15,000
3,935
7,925
15.000
15,000
3.935
3,825
4.100
37,351
19,100
56.451
3 INCOME FROM CHARITABLE ACTIVITIES
Unrestrlcted
Funds
2023
Deslgnated Restricted
Funds
Funds
2023
2023
Total
Funds
2023
19,433
6,810
26,243
19.433
6,810
26,243
11

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4 OTHER TRADING ACTIVITIES
Unrestrlcted Designated Rastricted
Funds
Funds
Funds
2023
2023
2023
Total
Funds
2023
FurM4raising
Hall Rental Ir￿me
Sundry
13,559
856
122
3,138
16,819
856
14.415
122
3,138
17,675
S INVESTMENT INCOME
Unrestricted
Funds
2023
Designat￿ R6strlcted
Funds
Funds
2023
2023
Total
Funds
2023
Investment income
23.203
89
323
23,615
23,203
89
323
23.615
6 OTHER INCOME
Unrestricted Dgsignatèd Inrostrlcted
Funds
Funds
Funds
2023
2023
2023
Total
Funds
2023
Rebates (esp. Parish Share)
other Ir￿ome
8,189
12,713
8.189
12,958
21x1
45
20,902
200
45
21,147
12

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
7 ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
Wages & Undgrtakon
Salarlgs
Directly
2023
2023
Total
Funds
2023
Charitable activities
325.518
325,518
325,518
325.518
Analysis of dlr•ct costs
Total
Funds
2023
Parish share
Parochial expenses of clerics
Maintenance of services
General parish expenses
Mainlenance of churches
Maintenance of other propety
Mission and grant parish
Mission and gmnl homelworld
100.942
17,926
8.314
9,080
101.586
78,604
3,044
6,022
325,518
8 INDEPENDENT EXAMINER'S REMUNERATION
2023
Fees payable lo the Trust's independent examiner in respect of..
Independent Examination
840
13

Docusign EnvelopÈ ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
9 TRUSTEES. REMUNERATION AND EXPENSES
Ouring the year, no Iruslees received any remuner8tion of other benefits
During the year ended 31 December 2023, expenses lotalling £Nil were reimbursed or paid directly lo Trustee$.
10 TAXATION
The charity is exempt fram corporation tsx on ils charitable activities.
11 INVESTMENTS
2023
Market Value at 31 Decgmbor 2022
AddilionsllDisposals)
Unrealised Gainsl{losses>
514,129
114.444
Market Valu¢ at 31 December 2023
628,573
12 DEBTORS
2023
DUE WITH ONE YEAR
OiheT debtors
9,082
9,082
13 cRED￿oRs.. AMOUNTS FALLING DUE WITh ONE YEAR
2023
Creditors
Accruals and deferred income
3,487
4,327
14

Docusign Envelope ID". 8322579F-1DB54279-B63E-7E043D537B51
NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14 MOVEMENT IN FUNDS
MOVEMENT IN FUNDS- CURRENT YEAR
Balance at
1 January Incoming Outgolng
2023 resources resources
Balan￿ at
Galnsl 1 Decèmber
(Los8os)
2023
Transfèrs
Inlout
RestrfGt¢d funds
Sl Nicholas Grosmonl
Sl Teilo. Llanli150 Crossen8y
Sl Cadoc, Uangatlock Juxla Usk
Si David, Llanlhony
Sl Michael, Llanfihangel Crucorney
Si Bridget, Skenfrith
Sl Mable, Llanvapley
2,851
4.214
600
6.806
273,205
27.914
13241
350
45
600
11,0281
2,173
4,519
70
7,104
299,986
33,271
11,1301
14.216
37
114,1911
26.756
5,320
324
315.266
15.546
16.349
584
32,076
347,123
Unre8trScted funds
General funds
643.877
274,840
{275,753)
13241
83,792
726,432
Designated funds
Sl Nichola5 Gro$mont
Sl Teilo. Llantilio Crosseney
Betiws Chapel, Llanlilio Pertholey
16,871
9.393
81,092
4.417
2,462
20.569
1892)
12,353)
132,273)
20,396
9,242
69,388
{260)
751.233
302,288
311,271
S84
83.792
825,458
Totsl funds
1,066.499
317,834
327,620
Restr￿ted funds have been included as advised by the indiviudal church treasurers. North Monmoulhshire Ministry Area
finance committee agree that they have to trust local knO%￿edge. and as church committees and treasurers are happy with
classifiactions NMA fvas lo trust this.
115.868
1,172,581
15 ANALYSIS OF NET ASSETS BFfwEEN FUNDS
UnTeStricted
Funds
2023
Restricted
funds
2023
Fixed as5el investments
Current assets
Creditors due with one year
324,086
505.699
{4,3271
304.487
42,636
TOTAL
825,458
347.123
16 RELATED PARfi TRANSACTIONS
There were no related paty transactions during the year.
17 TRANSFERS BETWEEN FUNDS
The liansfers between funds represent amounts belng allocated from general to unrestricted funds lo dear any deficit balar
arising on these.
15

Docusign Envelope ID: 8322579F-1DB5-4279-B63E-7E043D537B51 

North Monmouthshire Ministry Area 10 The Pines Mardy Abergavenny NP7 6HG 

W J James & Co Bishop House 10 Wheat Street Brecon Powys LD3 7DG 

30 July 2024 

Dear Sirs 

## **Independent examination letter of representation** 

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 31 December 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. 

## **General** 

1. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion. 

2. We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 December 20223audited. 

3. We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter dated 2 November 2023, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. 

4. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 

5. All the accounting records have been made available to you for the purpose of your independent examination.  We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 

- 6.. The financial statements are free of material misstatements, including omissions. 

7. The effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total. 

## **Assets and liabilities** 

8. The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements. 

9. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 

10. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. 

## **Accounting estimates** 

11. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. 

Charity number 1203196 



Docusign Envelope ID: 8322579F-1DB5-4279-B63E-7E043D537B51 

## **Legal claims** 

12. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. 

## **Laws and regulations** 

13. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. 

## **Related parties** 

14. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. 

## **Subsequent events** 

15. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. 

## **Going concern** 

16. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements. 

## **Grants and donations** 

17. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. 

## **Other** 

18. Debtors and creditors are correctly reflected in the financial statements at 31 December 2023 (as per our earlier confirmation emails). 

19. No Trustees received reimbursement for any expenses, and no Trustees received any remuneration in relation to the year ending 31 December 2023. 

20. Trustees / members are all correctly shown in the Administrative Details (Page 1) of the Financial Statements for the year ended 31 December 2023. 

21. Restricted funds are correctly shown in the financial statements on 31 December 2023 as follows: - 

   - St Nicholas, Grosmont £2,173 

   - • St Teilo, Llantilio Crosseney £4,519 • St Cadoc, Llangattock Juxta Usk £70 • St David, Llanthony £7,104 • St Michael, Llanfihangel Crucorney £299,986 • St Bridget, Skenfrith £33,271 

## Yours faithfully 

............................................................................................................................. 

Signed on behalf of the board of Trustees of North Monmouthshire Ministry Area 

> 7/30/2024 

............................................................................................................................. 

Date 

Charity number 1203196