REGISTERED CHARITY NUMBER: 1203196
NORTH MONMOUTHSHIRE MINISTRY AREA
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

NORTH MONMOUTHSHIRE MINISTRY AREA
CONTENTS
YEAR ENDED 31 DECEMBER 2024
Page
Reference and administrative details of the charlty, Its trustees and advlsors
Truste•s Report
ststoment of Trustèes Responsibilitles
Independent examinèrs, report to the trustees
Statement of flnancial activities
Balanco sheet
Notes to the financlal statemènts
&17

NORTH MONMOUTHSHIRE MINISTRY AREA
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS
TRUSTEES AND ADVISERS
YEAR ENDED 31 DECEMBER 2024
Chalr
The Reverend Julian Francis Gray
Trustees
Rev David Charles Roberts
Kay Ann Howells
Emma Yvonne Robinson
John Lewis Pavett
Cordelia Passmore
Jessica Mary Grahan
Philippa Frances Rumsey
Colin Raymond J8rr8tt
Rev Gaynor Elizabeth {resigned 3 February 2024)
Karen Jane Farr
Elaine Marion Nomian
Verity Margaret Rumsey
Thomas Ninian Lowes
Jan8t Barr Watson
Rev Caroline Heidi Ann Prince
Eric Graham Evans
Margaret Kathleen Parry
Charlty registration number
1203196
Registered Offlce
10 The Pines
Mardy
Abergavenny
NP7 6HQ
Independent Examiner
J M Roderick, Bsc ACA
WJ James & Co Limited
Bishop Hous8
10 Wheat Streel
Brecon
Powys
LD9 7DG

NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
The Charity Trust68s {th8 Trustees) of North Monmouthshire Ministy Area (the Trust) present
their annual report together with thè financial statements of the Trust for the year ended 31
December 2024
These financial statements have been prepared in accordan￿ with Statement of
Recommended Practic8: Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United
Kingdom and Republic of Ir81and (FRS 102) and Charities Act 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 Monmouthshlre.
ACTIVITIES UNDERTAKEN TO FURTHER THE TRUST'S PURPOSES FOR PUBLIC
BENEFIT
The Trustees have r8f8rred to the guidance contsined in the Charity Commission's general
guidan￿ on public benefit when reviewing the Trust's aims and objects. Ml these aims are
undertaken to fvjrther our objective for the publio benefit.
REVIEW OF ACTIVITIES
During the past year, the North Monmouthshire Ministry Area's seventeen churches continued
their efforts to build 8 ¢ohesive community with a strong sense of identity. Athough this is an
ongoing task, we continue to make sure and steady progress. Joint worship, on frfth Sundays
and festivals have brought many people together providing opportunities for scattered
communities to come together in prayer and fello4vship. Some sing wilh Ihe Ministry Area Choir
on these occasions and many stay for refreshments afterwards. Advent and Lent Quiet Days
have been well attended and we now look forward to pilgrimages lo the cathedral churches at
Newport and St. David's.
FINANCIAL
As stated in these accounts we are pleased to report that all our churches are in a reasonable
financial positi(Jn at the year end.
POLICIES
We hav8 a series of FinanGial and Governan￿ policies in pla￿, as dev8loped during our
transition phase. We hav8 adopt8d the Diocesan Safeguarding policy and each church
displays a poster indicating the fact.

NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
SAFEGUARDING
Safeguarding training sessions arg continuing for all trustees, wardens, secretaries,
treasurers. Our Minlslry Ar8a Safeguarding Officer attends regular Di0￿san Safeguarding
training and networking to ensure we adhere to best Practi￿S. All Offi￿rS are required to
undergo a level of DBS check in relation to their rol8 {all details hekl in secure My Church
People online dalabase}. Discussions are b8ing had in extending these checks to all Church
Committee members.
ACHIEVEMENTS
With the appointment of The Revd. Mary Moore in October 2024, and The R8vd. Canon David
Williams in January 2025, the North Monmouthshire Ministry Area now h8s a full complement
of Lead Clèrgy {one Team Rector and four Team Vicars) Together they provide spiritual care
and pastoral leadership throughout the Ministry Area's five Pastoral Districts. The Lead clergy
are assisted by a part-time paid Ministry Assistant Support Officer and several volunteers lay
officers. in addition to a sfflall number of retired clergy holding a Bishop's Pemiission to
Officiate Ilcence. A full-time Schools Engagement Pioneer was appointed in February 2025
funded by the Church in Wales for th& nèxt five years. Improvements in communication
throughout the Ministry Area be8n made possible by the establishment of an attractive website,
Facebook page and a quarterly Newsletter. Our seventeen churches are able to use the
Ministry Area's significant on-line pr8s8nce to share nows and advertise services. social and
fundraising activities.
PLANS FOR THE FUTURE
To eontinue with development of NMMA with a view to the sU￿e$S of all seventeen churches.
GOING CONCERN
Taking account of the Charity's assets, the Trustees have a reasonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future.
For thls reason. they ￿ntInUe to adopt the going concem basis in preparing the financial
statements. Further details ￿gardIng the adoption of the going concem b8sis can be found in
th8 Accounting Policies.
RESERVES POLICY
The MA will retain suth funds as are ne￿SSary for its ongoing viable operation. No borrowing
of any kind will be entered into by the MA without the prior unanimous agr88m8nt of the
Trustees.

NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
INVESTMENT POLICY AND PERFORMANCE
Each of our Ghurches retains its own bank account & Ireasurer in the event that the MA ceases
operation in the future. Investment funds are variously held al banks and other fundslCOIF
and independent of thé MA and we therefore have no commenl on perf0rrnan￿ other than
what is ststed in these accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
These ar8 all as set out in documents previously produced by the MATh (Ministy Area
Transition Team).
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
Trustee appointments are made by election at our Annual Vestry MeetirvJs or rf necessary,
periodic MAC me8tings.
INDUCTION AND TRAINING OF TRUSTEES
Trustee training Gomes from the Diocese and any training is ca￿led out on an ad hoc basis.
Training is on-going and trustees will attend coursés as and when is needed.

NORTH MONMOUTHSHIRE MINISTRY AREA
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom AC(￿Unting Standards
(United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requitss the twstees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of thg
charity and ofthe incoming resources and application of resources ofthe charity for that period.
In preparing these financial statements, the trustees are requlred to:
s818ct suitsble accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 {FRS 102):
make judgements and estimates that ar8 reasonable and prudent.,
state whether applicable accounting slandards have been followed, subject to any
materi81 d8partures disclosed and explained in the financial statements;
prepare the financial statements on th8 going concern basis unless it is inappropriate
to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting r8cords that disdose wrth
reasonable 8ccur8cy at any time thefinancial position of the charity and enable them to ensure
that the financial statements comply with the Charf(ies Act 2011, the Charities (Accounts and
Reports) Regulations 2(108 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taklng reasonable steps for the prevenlion
and detection of fraud and other Irr8gularities.
Approved by order of the Trustee Board on 22...f:. -
by
2025 and signed on their behalf
Chair of Trustees

NORTH MONMOUTHSHIRE MINISTRY AREA
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORTH
MONMOUTHSHIRE MINISTRY AREA
('the Charity,)
I report to the charity trustee6 on my examinatton of the accounts of the charity for the period
endéd 31 December 2024 which are set OLrt on pages 6 to 17.
Responsibilitles and basls of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance
with the rèquirements of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the charity's accounts ¢arried out under section 145 of
the Act and in carying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515)(b) of the Act.
Independent examiner's statoment
sin￿ the company's gross income exce8ded £250,000 your examiner must be a member of
a body listed in section 145 of the 2011 Act. I confirrn that l am qualified to undertake the
exarnination because l am a member of Institute of chartered accountants, which is one of
the listed bodies.
I have completed my examination. I confimi that no material w.atters have come to my attention
in connection with the examination giving me caus6 to beliève that in any material respeci-
accounting records were not kept in respect of the charity as required by section 130
of the Act. or
2. the accounts do not accord with those records: or
3. the accounts do not comply with th8 applicable requiréments concerning the fomi and
content of accounts set out in the Charities (A¢¢ounts and Report) Regulations 2008
other than any requirement that the accounts give a Irue and fair view, which is not 8
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examinalion
lo which attenlion should be drawn in this report in order to enable a proper understanding of
the accounts to be reached.
J M Roderick Bsc ACA
WJ James & Co.
Chartered Accountant
Bishop House
10 Wheat Street
Br8¢0n
Powys
LD3 7DG
2025

'NORTH MONMOUTHSHIRE MINISTRY AREA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unr•stri¢tod Dosignatgd
Funds
Funds
2024
2024
Re8trlctod
Funds
2024
Total
Funds
2024
Total
Funds
2023
INCOME FROM..
Donations and legacies
CharIta￿e activtties
Other trading activities
Investments
Other income
190,544
20.544
26.966
21,577
22,300
10.686
5,175
10.759
1.453
202,683
25.719
44,407
21,941
22.3C(I
229,153
26,243
17.675
23,615
21,147
6,682
TOTAL INCOME
281.931
26,620
8,499
317,050
317,833
EXPENDITURE ON:
Raising funds
Charitsble activities
5,374
255.387
138
34,735
5,512
293,902
2,103
325,518
3,780
TOTAL EXPENDITURE
260,761
34,873
3,780
299,414
327,621
Net Galnslllossesl on investments
10,644
4,342
43.498
115,869
NET INCOME1(EXPEND￿URE>
31,814
3,9111
48.217
76,120
106,081
Transfers betsveen funds
17
(4691
1439)
NEf MOVEMENT IN FUNDS
31,345
4,350
49,125
76,120
106,081
RECONCILIATION OF FUNDS
Total funds brought forward
726.171
99,287
347,123
1,172,581
1.066,500
TOTAL FUNDS CARRIED FORWARD
757,516
94,937
396,248
1,248,701
1,172.581
The Statement of Financial Activities includ95 all gains and105ses re¢ognised Sn the year.
All of the actrvilies of the charty are classed as contlnuing
The notes on Pag￿ 8 to 15 fo￿ part of iheso flnanclal 8tstomonts

NORTH MONMOUTHSHIRE MINISTRY AREA
BALANCE SHEEr
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSErs
Investments
11
683.233
628,573
683.233
628,573
CURRENT ASSETS
Debtors
Cash at bank and In hand
12
8,287
583,703
571,990
9,082
539,253
548,335
Credltorg . Amounts falling
due within one year
13
6,5221
4,327)
CURRENT ASSETS
565,468
544.008
TOTAL ASSETS LESS CURRENT LIABILITIES
1.248,701
1,172,581
TOTAL NET ASSETS
1,248.701
1.172.581
CHARITY FUNDS
Unrestrfcted fund8
General funds
Restrlcted fund8
14
14
852,453
396,248
825,458
347,123
1,248,701
1.172,581
These financial statements were approved by the trustees and aulhorised for issue by the trustees on
are signed on rts behatf by..
2025 and
Trustee
Trustee
The notes on pag8$ 8 to 15 form part of these flnanclal 8tatemont8

T4ORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
Statement of compllance
The financial statements have been prepared In accordance with the second editKin of the Charities Stsiement of
Recomrnended Practice issued in Octob8r 2019. the Financial Reporting Slandard applicable in the Unlled KINddom and
Republic of Ireland IFRS 102) and Ihe Charrties Act 2011.
Basls of preparation
The Ministry Area of North Monmoulhshire meets the definition of a public b8n8fil entlty under FRS 102. Th8 accounts
{rinancial stalemenls) have been prepared under the historical cost convention with items recognised al cost or Iran5act•)n
value unless olheM$e stated in the relevant notelsl lo th8se accounts.
Exemptlon from preparfng a ¢ash flow statem•nt
The charity opted to early adopt Bulletin 1 publlshed on 2 February 2016 and have therefore not included a cash flow
statement in these finaneial statements.
Golng concem
The finanGial statement5 have been prepar&J on a golng ¢onf*ffl basis.
The *rustees assess whether the use of golng concem is appropriate i.e. whether there are any malerlal uncartainties
related to events or Condr(￿nS that may cast significant doubt on the ablllty of the charty to conllnue as a going concem.
The trustees make th1$ assessment in reskwt of 8 period of one year from the dale of approval of the financial
statements.
Incoming rosource5
Voluntary income including donations, gifts, legacies and grants that provide core fvjnding or are of a general natuTr is
re¢ogni$ed when the charity has enlitlemenl to the inGome, it is probable that the income wlll b8 r8cefv8d and the amount
c?n be rneasured ￿th Sufficient reliability.
Donaltons and legacies are recognised on a receivable bagls when receipt is probable and the amount can be rdiably
measured.
Donated services or facilities. which comprise of donated services. are in¢luéed in inrome al a valuation which i% an
65timate of the financial cost borne by the donor ￿ere such a ¢ost is quaniliiable and measurable. No Income is
recoonised where there is no financial cost borne by a third Dath.
Grants are recogni%ed when thg charity has an enliuemenl lo Ihe funds and any conditions linked to the grants have been
met. Where performance condltlons are attathd to the grant and are yel to be mel. the income is recognised as a liability
and induded on the balance sheet as deferred income to be retgasod.
Government grants are recognised based on the accrual model and are measured al the fair value of the asset received
or reCe￿able. Grants are classrfied ay relating either to revenue or to assets. Grants relating lo revenue are recognised In
income over (he period in which the related costs are recognised. Gran15 relating to assets are recognis8d over the
expected useful lrfe of the 8S8el. Where part of a grant relating to an asset Is deferred, il is recognised as deferred
income.
Grft Aid relief on eliglble donatlons is ￿Cogn￿ed on an accruals basis at the Same p)inl as th8 original donatK)n.
Investment income is recognised al the time of treing ￿CeiVed.

NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES (CONTINUED)
Expgnditure
All expenditure is wogni5ed once there is a legal or constructive oblkJation to that experKllture, It is probable settlement Is
required and the 8mounl can be measured reliably. All ¢osls are allocated lo the applicable expenditure heading that
aggregate similar costs lo Ihal category. Where costs cannot be dire¢tly attributed to particular headings thgy have boen
allocated on a basis conslslenl wlth the use of resoureks. with rEntral staff costs allocated on the basis of time spent, and
eprecialion charges allocated on the portion of the asset's use. Other support costs are all￿ated based on the spread of
staff costs.
Raising funds
These are costs in(yJrred in attracllng voluntary income. the management of investments and those incurred in trading
activities that raise funds.
Charitabl• activities
Charitable expenditure Gomprises those costs incurred ty the charlty In the delivery of its activities and services for ils
beneficiaries. It includes both coyts that be allocated directly to such activities and those costs of an indirect nature
necessary lo support them.
Govgrnance c08ts
These indude the costs attrlbulable to the charltls compliance ￿th conslitulion81 and ststutory requirements, ir￿lUding
audit. straleglc management and Iruslees. meetings 8nd relmbursed expenses.
Taxation
The charity Is consldered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il
meets the definition of a charitable company for UK corForation purposes. Aecordingly, the charity is potentially exempl
from taxation in respect of income or ¢aprial gains received within categories covered by Chapter 3 Part 11 of the
Corporation Tax A¢t 2010 or Section 256 of the TaxatK)n of Chargeable Galns Act 1992, to Ihfj exlenl that su¢h Income or
gains are applied exdusNely lo charitable purposes.
Trade debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are
valued at the amount prepaid net of any trade discounts due.
ash and ¢a8h •qulvalents
Cash and cash equivalents comprise cash on hand and call dep)sits, and other short-lerm highly liquid inveslmenls that
are readily convertible lo a known amount of cash and ar8 subj8Ct lo an insignrficanl risk of change in value.
Trade creditors
Creditor3 and provisions are recognised where the charity hay a present obltgalion resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due lo settle the obligation Can be measured Of
eslimaled reliabty. Creditors and provisions are normally recognised at their selllement amount after allowing for any trade
discounts due.

NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES (GONTINUEDJ
Fund Strudure
Unrestricted Income funds are general fun(Js that are available for use at the Iruslees, discretion in furtherance of the
Object￿e8 of the charity.
Designated fund5 are unrestricted fvnds set aside for specrfi¢ PUrK￿>se$ at the discretion of the trusl8es.
Reslricted income funds are those donated for use In a particular area or for specAfic purposes, the use of which 1$
le51r￿ted to that area or purpose.
Flnanclal inslruments
Classlllcation
FiNan￿al assets and financial liabilities are recognised when the charity bec#)mes a paty to the Djntractual provisions of
the instrument.
Financial liabilities and equity instrumen15 are classrf1ed according to the substance of Ihe contractual arrangements
entered Into. An equty instrument is any contract that evidences a resldual Snterest In the assets of the chartty after
deductiry all of its liabilitw.
R•cognitlon and me8surnm•nt
All financial assets and liabilities are inklally measured at transaction price (including transaction costs), except for those
financial assets classified as al fair value through profit or loss, which are inilkqlly measured al fair value {￿ICh i% nomally
the transaclion price excluding transaction cos151, unless the arrangement constitutes a financing tranS￿l0n. IF an
arrangement constilules a finanang tranSaCt￿n, the financial asset or flnanclal liabilty is measured al the tfesenl value of
the future payments discounted at a mark81 rate of Interest for a sSmllar debt instrument.
Finanrial assets and Ilab51111es are only offset in Ihe statement of financial position when, and only when there exists a
legally enforceable right lo set off the recognised amounts and the ch8rFty intends either lo sellle on 8 net basi5, or lo
reali5e thg asset and settle the liability simullaneously.
Flnancial assets are (lerecognised when and only when al thg contractual rights to th8 cash flows from the financial asset
expire or a￿ settled. b) the charity Iransfers.to"anolher paty substantially all of the r6sks and rewards of ownershlp of the
financral a55et, or c} the charity. desplle having retained some, bul not all, significant risks and le￿ardS of ownership, has
Irartsferred control of the asset lo another party.
Financial liabilities are derecognlsed onty when the obligation spectfied in the contract is discharged. cancelled or expires.
10

'NORTh MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 INCOME FROM DONATIONS AND LEGACIES
Unrestrictsd Dgsignated
Funds
Funds
2024
2024
Restrlctod
Funds
2024
Total
F￿ndS
2024
Total
Funds
2023
anned giving (direct debit & SOI
Loose Collections
Donations
For Mission
Tax Reclaimed- Grft Aid
Legacies
Grants
71,431
27,696
28,111
2.436
31,959
10,0
18.911
600
72,031
27,696
38,¢X6
4.020
31,959
10.000
18.911
57.863
28.481
30.466
4,073
48,795
3,024
56.451
9,748
938
207
646
190.544
10.686
1,453
202,683
229,153
During the year grants were receNed from the followng:
Unrostrict•d tlesignated
Funds
Fund$
2024
2024
Restrlcted
Funds
2024
Total
Fund$
2024
Total
Funds
2023
CADW
We will remember th8m
Green Energy
Solar Farm grdnl
Other Small grants
Whilecastle CC
MCC Grant avraTd
Gobion Fawr
LPWGS
Grant Diocese
Jubilee Donation
Grant DBF
Diocese Board of Flnance
Welsh Church FurKI
Diocese Grant MA
Diocese Support Grant
14,591
15.000
15.000
3.935
7,925
1.430
1,430
2,000
5,073
50
445
3,825
500
1,308
40
1.000
602
2,638
2,000
5,073
50
445
3,825
500
1,308
1,000
602
2,638
18,911
18,911
56,451
3 INCOME FROM CHARITABLE ACTivrriES
Unr•strl¢tod D•signated
Fund6
Funds
2024
2024
Restrlctod
Funds
2024
Total
Funds
2024
Total
Funds
2023
Fees
5.175
25,719
26,243
5.175
25,719
26,243
11

NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4 OTHER TRADING ACTIVITIES
Unrestricted D￿ignated
Funds
Funds
2024
2024
Restrl¢t•d
Funds
2024
Total
Funds
2024
Total
Funds
2023
Fundraising
Hall Rental Income
Sundry
23,212
1,197
2,557
2,082
25,294
1,197
17,916
16,819
856
8,677
6,682
26,966
10.759
6,682
44,407
17,675
5 INVESTMENT INCOME
UnrgstrfGted D051gnated
Fund$
Funds
2024
2024
Restrfcted
Funds
2024
Tthal
Funds
2024
Total
Funds
2023
Investment income
21,577
21,941
23,615
21,577
364
21.941
23.615
6 OTHER INCOME
Unrostricted Designated
Funds
Funds
2024
2024
Rostrictgd
Funds
2024
Total
Funds
2024
Total
Funds
2023
Rebates (esp- Parish Share}
Sale of invesbnents
Grosmonl Group bank balance
7.654
2,067
12,579
7,654
2.067
12,579
8.189
12,958
22,300
22,300
21,147
12

'NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7 ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
Wages & Undertaken
Salari•¥
Directly
2024
2024
Total
Funds
2024
Total
Funds
2023
Charitable aotivilies
293,902
293,￿2
325,518
293.902
293.902
325518
Analysls of dlro¢t ¢osts
Total
Funds
2024
Total
Funds
2023
Parrsh share
Parothial expenses of clerics
Maintenance of servi
General parish expenses
Maintenance of churches
Maintenance of other prop¥ty
Mission and grant parish
Mission and granl homelwodd
Other expenditure
90,173
17,873
6,456
8.830
107,968
41,541
2.695
6.466
100,942
17,926
8,314
9,080
101,586
78,604
3.044
6.022
293,902
325.518
8 INDEPENDENT EXAMINER'S REMUNERATION
2024
2023
Fe85 payable lo the Trust's independent examiner in respect of-
Independent Examination
13

NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
9 TRUSTEES. REMUNERATION AND EXPENSES
Durlng the year, no trustees receNed any remuneration of other benefits
During the year ended 31 December 2024. expenses tolalling £Nil were relmbursed ￿ pakl dlrecily lo Trustees.
10 TAXATION
The ¢harty is exempl from corpcK*ion lax on its charSlable act￿lle8.
11 INVESTMENTS
2024
2023
Market Value at 31 December 2023
AddilionsllDisposa151
Unrealised G8insl{lossesl
Interest received
628,573
14,056)
58,484
232
514,129
114,444
Market Value at 31 December 2024
683,233
628,573
12 DEBTORS
2024
2023
DUE wrrH ONE YEAR
Other debtors
8,287
9,082
8,287
9,082
13 CREDrroRS: AMOUNTS FALLING DUE wrrH ONE YEAR
2024
2023
Creditors
Accruals and defer￿￿ income
5,682
3,487
840
14

NORTH MONMoiJfHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14 MOVEMENT IN FUNDS
MOVEMENT IN FUNDS- CURRENT YEAR
Balanca at
1 January Incomlng
Outgolng
2024 rgsources resources
Balance at
Gainsl 31 Dwmb•r
{Los606)
2024
Tran$f•rs
Inloul
Restricted funds
St Nlcholas Grosmont
St Nicholas Bell Tower Fund
St Nicholas Resoralion Fund
St Nicholas Youth Fund
973
150
1,123
1348)
348
1.2CMJ
1,200
St Tello. Llantilio Crosseney
Llantillo Bell Maintenance Fund
Llantlllo Churchydrd Equipmenl Fun
3.525
3,615
St Cadoc, Llangattock Juxta Usk
St Cadoc's Church Fabr￿ Fund
70
13001
370
St David, Llanthony
St David Restricted Fund
7,104
7,468
St Mlchael. Ll8nllh8n9•1 Cru¢omey
Sl Michael Reslricled Fund
Oldcastle Churchyard Fund
299,167
819
8.210
307,377
819
St 8rfd9et, Skgnfrith
St Bridget's Bell Ringing Fund
Sl Bridget's Church Link Fund
Sl Bridgel's Churchyard Fund
Sl Bridgel's Church Fabric Fund
Sl Bridget's Inl8rngt Fund
Sl Bridgel's Newton Jackson Fund
St Bridgel's Repairs & Mainlen8nce
St Bridgel's Mains Water Fund
1,052
229
355
2.516
800
5,320
19,999
3.000
1.D52
229
355
2,516
5.320
19.999
3,000
Bettws Chapel. Llantllio Pertholey
Llanlilio Pertholey Churchyard Fund
703
{1.2631
560
Grosmont Gmup
Grosmont Group Magaine Fur
Youth Mlnlslry
2,592
2.592
2,131
(1,869)
St David, Ll8ndewi Rhydderoh
Ada May Leek
35,288
35,288
347,123
8,499
13,7801
908
43,498
396,248
Unrestricted funds
General funds
726,171
281,931
{260,761)
14691
10,644
757,516
Balance ¢arried foThvard
,54
15

NORTH MONMOUTHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
14 MOVEMENT IN FUNDS- CURRENT YEAR {Contlnued)
Balanco brought forward
1,073.294
290.430
264,541
439
54,142
1.153,764
D08ignated funds
St Nicholas Grosmont
Sl Nicholas Organ Fund
Sl Nicholas Bell Tower Fund
St Nicholas Churthyard Fund
Sl Nicholas Restoration Fund
Sl Nicholas Church Magazine FuThJ
9,486
9,486
{1,028}
7,934
2,882
{1,0281
{5,3501
{8,1781
13151
12,675
7,060
661
609
4,000
St Tello, Llantlllo Crnsseney
LC Vicarage Fund
Llanlilio Renovauon Fund
Llanlilio Selby Sounds Hand Bells
4.587
(4.179)
408
7,040
2,462
1623)
1,839
St 8rldget, Skenfrith
Sl Bridgavs Bell Rlnglng
70
70
Bellws Chapel, Llandllo Pertholey
Bettws Fund
Llanlilio Pertholey Bells Fijnd
Llanlllio Pertholey Chancel Fund
Llanlilio Perthdey Charity Fund
Llanlilio Pertholey Churchyard Fund
Llantilio Pertholey Restoration Fund
Bettws Chapel Cash In Hand
1.631
1,633
22,061
1531
24.364
18,978
775
2.025
171
(1.960}
1601
1.696
1,744
26,403
268
16,603
18,978
4,342
938
3,881
{9531
(11,6421
17751
St Mary. Llanfalr Cllgoed
Churchyard Fund
853
15851
99,287
26.620
34,873
439
4.342
94,937
Total funds
1.172.581
317.050
299,414
58.48•,
1,248.701
Restricted fun(Js have been included as advised by the indiviudal church treasurers. North Monmoulhshire Ministry Area
finance committee agree that they have to trust local knowledge, and as church wmmittees and Irea5urers are happy wth
classrfiaclions NMA has lo tru51 thi5.
16

NORTH MONMoufHSHIRE MINISTRY AREA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14 MOVEMEMf IN FUNDS- PRIOR YEAR
Balance at
1 January Incomlng
Outgolng
2023 resources resources
Balance at
Galnsl 31 De¢¢mber
{Losses)
2023
Transfers
Inlout
Restrlcted funds
St Nicholas Grosmont
St Teilo, Llantilio Crosseney
st Cadoc, Llangattock Juxla Usk
St David, Uanthony
St Michad. Llanfihangel Crucorney
St Bridget. Skenfrilh
St Mable, Llanvapley
2,851
4,214
600
6,806
273,205
27,914
1324)
350
45
{1,0281
2.173
4,519
70
7.104
299,986
33,271
260
{1.1301
14,216
37
114,1911
26,756
5.320
324
315,266
15,546
16,3491
32.076
347.123
Unrestrlctad funds
General funds
643.878
274.839
1275,7551
{584)
83,793
726,171
Doslgnated funds
St Nkholas Grosmont
Si Teilo. Llantllio Cro8seney
Beltws Chapd, Llanlilio Pertholey
16,871
9,394
81,092
4.417
2.462
20,569
{8921
12,3531
(32,2731
20,396
9,503
69,388
751.235
302,287
1311,273
5841
83,793
825,458
Total funds
1.066,501
317.833
327,6221
115,869
1,172,581
Restricted lunds have been included as advised by the inoiviudal church treasurers. North Monmouthshlre Ministry Area
finance committee agree that they have lo trust local k￿￿edge, and as church committees and treasurers are happy with
classrfiactions NMA has lo Irust thls.
15 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Total Unrestrlcted
Funds
Funds
2024
2024
Restrlcted
Funds
2024
Fixed a55el investments
Curr8,nl asset$
Creditors due wlh one year
683.233
571,990
16,5221
328,704
530,271
16,522}
354,529
41,719
TOTAL
1,248.701
852,453
396,248
16 RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.
17 TRANSFERS BEfwEEN FUNDS
The transfers between ftjnds ￿present amounts being allocated from general to unrestricted funds lo clear any deficit
balances arising on these.
17

È.È.
p£.%£ i.
.11