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2024-12-31-accounts

Charity
registration
number꞉
1203565

LLYNFI
AND
UPPER
AFAN
VALLEYS
MINISTRY
AREA TRUSTEES'
REPORT
AND UNAUDITED
FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
31
DECEMBER
2024

Robert
Cole
&
Co Chartered
Certified
Accountants Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Contents

Page
Trustees'Report 1—4
IndependentExaminer'sReport 5
StatementofFinancialActivities 6
ComparativeStatementofFinancialActivities 7
StatementofFinancialPosition 8
NotestotheFinancialStatements 9—15
Thefollowingpagesdonotformpartofthestatutoryaccounts꞉
DetailedStatementofFinancialActivities 16—17

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Trustees'
Report
For
The
Year
Ended
31
December
2024

The
trustees
present
their
report
and
the
financial
statements
for
the
year
ended
31
December
2024.

Objectives
and
Activities

Aims
and
Objectives

The
purpose
of
the
charity
as
set
out
in
its
governing
document꞉
The
objectives
and
the
aims
of
the
charity
are
the
promotion
of
the
whole mission
of
the
Church,
pastoral,
evangelistic,
social
and
ecumenical
in
the
Ministry
Area.

Significant
Activities

It
is
the
responsibility
of
the
Ministry
Area
Council
(MAC)
and
the
Ministry
Area
Leader
to
work
together
and
co‑operate
in
all
matters
of concern
and
importance
to
the
Ministry
Area
for
the
promotion
of
the
objectives
and
aims.

Ministry
Area꞉ The
main
activities
of
the
Ministry
Area
during
the
year
have
been
to
promote
the
mission
of
the
Anglican
Communion
and spread
the
Gospel
to
the
people
of
Caerau,
Glyncorrwg,
Maesteg
and
Troedrhiwgarth.
The
Ministry
Area
also
provides
pastoral
care, including
visiting
the
sick
and
local
schools,
and
carries
out
baptisms,
weddings
and
funerals.
Money
was
raised
for
many
local,
national
and international
charities,
including
Christian
Aid,
and
refugee
projects.
Food
and
household
items
were
collected
weekly
to
support
food
banks, homeless
and
disadvantaged
people.
At
the
Annual
Vestry
Meeting
of
the
Ministry
Area
and
the
individual
churches,
a
booklet
is
prepared with
reports
from
all
the
various
organisations
giving
an
outline
of
their
activities
throughout
the
year.

St
John’s꞉ The
Flower
Festival
was
a
huge
success,
with
visitors
from
across
the
Ministry
Area,
wider
afield
and
the
primary
schools
from
the Afan
Valley.
Throughout
the
year
Glyncorrwg
Primary
School
visited
the
church
for
numerous
assemblies,
an
Easter
egg
hunt,
summer
and Christmas
concerts,
with
teas
and
raffles
afterwards
helping
to
boost
finances.
Working
with
the
Eco‑group
(across
the
MAC)
a
recycling centre
was
installed,
and
we
were
awarded
the
Bronze
Eco
Church
Award.
The
Glyncorrwg
parishioners
have
supported
Messy
Church Mornings,
and
this
is
establishing
itself
as
a
regular
event
in
our
calendar.

St
Cynfelyn’s꞉ Following
consultation
with
the
Ministry
Area
Council,
and
with
the
arrival
of
a
new
Ministry
Area
Leader,
discussions
were held
in
conjunction
with
the
Diocese
regarding
the
future
use
of
St
Cynfelin’s
Church.

In
light
of
new
financial
models
now
being
adopted
across
the
Ministry
Area,
it
was
agreed
that
the
church
should
be
re‑opened—not
for regular
Sunday
worship,
but
for
midweek
services
and
community
use.

Accordingly,
St
Cynfelin’s
Church
was
formally
re‑opened
in
December
2024,
with
plans
in
place
for
midweek
services
to
begin
from
June 2025.

This
phased
re‑opening
marks
an
important
step
in
ensuring
the
continued
presence
of
Christian
witness
and
ministry
within
the
community. The
Tai
Chi
class
continued
to
meet
in
the
church
hall
weekly
throughout
the
year.

St
Mary’s꞉ Throughout
the
past
year,
St
Mary’s
Church
has
remained
closed
for
public
worship
and
other
activities.
During
this
time,
planning permission
and
the
necessary
faculty
approvals
were
obtained
for
the
development
of
the
memorial
garden.

This
work
is
an
essential
step
in
securing
the
long‑term
future
of
the
site
and
will
in
turn
allow
for
the
future
sale
of
the
church
building.

St
Cynwyd’s꞉ St.
Cynwyd’s
was
once
again
the
venue
for
many
joyous
occasions
including
weddings
and
baptisms
during
2024.
2024
was not
without
its
problems
and
challenges!
The
graveyard
wall
became
a
great
concern
and
plans
are
in
place
to
utilize
some
of
the
graveyard maintenance
fund
to
begin
a
programme
of
works
in
2025.

Our
congregation
continued
to
support
the
work
of
the
Food
Bank,
the
Wallich
and
the
meat
hamper
scheme.
Old
House
and
we
were extremely
grateful
to
them
for
their
support
throughout
the
year.
We
welcomed
many
visitors
from
all
parts
of
the
world
who
were
interested
in our
historic
church.
Listening
to
the
stories
these
people
tell
about
their
connection
with
the
church
is
so
uplifting.
Children
from
our
local school
have
also
visited
during
the
year.
We
faced
many
challenges
during
2024
but
look
forward
once
again
to
supporting
each
other
and worshiping
with
our
Ministry
Area
colleagues
throughout
2024.

St
David’s꞉ Following
a
decision
of
the
Ministry
Area
Council,
St
David’s
Church
is
to
be
re‑opened,
not
for
regular
Sunday
services,
but
for
a monthly
contemporary
midweek
service
on
a
Tuesday.
Over
the
past
year,
funding
applications
have
been
submitted
and
public
consultation events
held
to
gather
local
views
and
support.

In
addition,
there
has
been
encouraging
interest
from
the
local
boxing
club
in
leasing
the
church
hall
and
undertaking
necessary
repairs
to
the building.
Investigations
are
currently
being
carried
out
to
explore
the
feasibility
of
this
arrangement.

St
Michael’s꞉ 2024
marked
the
first
full
year
free
of
Covid
restrictions;
however,
in
common
with
most
other
churches,
attendance
has
still
not reached
pre‑Covid
levels
and
continues
to
be
a
source
of
concern.
An
ageing
congregation,
ill
health
and
infirmity
have
all
taken
their
toll
on the
number
of
regular
communicants,
but
we
remain
grateful
for
those
who
are
able
to
join
us
regularly,
and
for
the
prayers
and
support
of those
who
can
no
longer
join
us
in
person.
During
2023,
the
church
was
again
able
to
welcome
the
wider
community
for
events
such
as
the Remembrance
Day
Service
and
the
Christmas
Tree
Festival,
which
is
now
a
particularly
important
fixture
in
the
calendar.
During
the
festival, we
welcome
local
schools
and
choirs
to
perform
and
to
hear
the
Christmas
story.
The
festival
was
rounded
off
by
a
service
of
Lessons
and Carols,
The
church
is
an
important
cultural
venue
for
the
town
and
was
again
well
used
during
2024
by
a
number
of
local
choirs
and
schools for
concerts,
especially
at
Christmas.

...CONTINUED

Page
1

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Trustees'
Report
(continued) For
The
Year
Ended
31
December
2024

Significant
Activities
‑
continued

The
Crypt
continues
to
play
an
important
role
in
the
life
of
the
church
and
the
wider
community.
As
well
as
hosting
church
events,
it
provides
a venue
for
a
number
of
community
groups,
including
Noteworthy,
Curtain
Up,
Maesteg
Musical
Theatre,
and
the
local
branch
of
U3A.
2024 saw
the
resumption
of
fundraising
in
earnest
with
the
re‑establishment
of
the
Fundraising
Sub‑Group
and
a
series
of
events
which,
as
well
as helping
the
general
finances
of
the
Ministry
Area,
are
an
important
source
of
fellowship
and
fun.
These
events
are
very
well
supported
by
our friends
across
the
Ministry
Area.
Among
the
events
held
were
the
regular
monthly
Bingo
Evenings,
quiz
nights,
including
an
Italian
Evening
& Quiz
and
a
Christmas
Quiz,
as
well
as
a
coach
trip
to
Bath.
The
Sub‑Group
have
already
planned
a
full
calendar
of
events
for
2025.
The Church
has
also
continued
to
support
a
number
of
charities
during
2024.

The
Lenten
and
Advent
Lunches
were
very
successful,
raising
money
which
was
donated
to
the
Mothers’
Union
and
other
charities.
In addition,
over
65
boxes
of
gifts
were
donated
to
the
Rotary
Christmas
Shoebox
appeal,
and
the
congregation
continued
to
support
the
local Trussell
Trust
Food
Bank.

Public
Benefit

As
required
by
the
Charities
Act
2011,
the
MAC
has
given
due
regard
to
guidance
published
by
the
Charity
Commission
in
respect
of
the operation
of
the
public
benefit
requirement.
The
activities
undertaken
to
fulfil
the
MAC’s
purpose
for
the
public
benefit
are
described
and detailed
above꞉

The
trustees
confirm
that
they
have
complied
with
the
requirements
of
Section
17
of
the
Charities
Act
2011
to
have
due
regard
to
the
Charity Commission’s
guidance
on
public
benefit.

Achievements
and
Performance

Main
Achievements

The
benefit
to
the
public
is
a
feeling
of
spiritual
stability
and
freedom
within
the
Ministry
Area
for
the
benefit
of
all
God’s
people.
This
is exercised
through
the
provision
of
regular
public
worship
and
pastoral
work,
including
visiting
the
sick
and
the
bereaved;
the
teaching
of Christianity
through
sermons
and
small
groups,
and
the
taking
of
Assemblies
in
local
schools;
the
promotion
of
Christianity
through
staging special
services.

St
Cynfelyn’s
church
hall
and
St
Michael’s
crypt
are
used
regularly
by
groups
of
all
ages
from
the
wider
community.

Financial
Review

Financial
Position

The
Trustees
consider
the
financial
performance
of
the
Charity
during
the
year
to
have
been
satisfactory.
Specific
changes
in
fixed
assets
are detailed
in
the
notes
to
the
accounts.
The
Board
of
Trustees
is
satisfied
that
the
charity's
assets
in
each
fund
are
available
and
adequate
to fulfil
its
obligations
in
respect
of
each
fund.

Reserves
Policy

As
an
organisation
we
aspire
to
hold
at
least
three‑months
operating
costs
in
reserves.
Restricted
reserves
are
maintained
for
expenditure,
at the
discretion
of
the
Trustees,
on
such
projects
that
further
the
objectives
and
activities
of
the
Charity.
The
Trustees
are
not
aware
of
any material
uncertainties
that
will
affect
the
Charity's
ability
to
continue
as
a
going
concern.

Structure,
Governance
and
Management

Governing
Document

The
Church
in
Wales
is
a
Province
within
the
Anglican
Communion
and
seeks
to
advance
the
Christian
religion
through
world‑wide
mission. The
Llynfi
and
Upper
Afan
Valleys
Ministry
Area
is
part
of
the
Diocese
of
Llandaff
and
includes
six
churches꞉
St
Cynfelyn’s
in
Caerau,
St John’s
in
Glyncorrwg,
St
Mary’s
in
Troedrhiwgarth
and
St
Cynwyd’s,
St
David’s
and
St
Michael’s
in
Maesteg.
The
Ministry
Area
Council
(MAC) is
the
body
containing
the
trustees
of
the
Ministry
Area.
With
the
exception
of
the
Clergy,
the
Lay
Chair
serves
for
3
years
and
the
MAC members
1
year,
from
the
Annual
Vestry
AGM
which
is
held
before
the
end
of
June
each
year.

Trustee
Selection
Methods

There
is
no
formal
induction
training,
trustees
are
already
members
of
the
church
and
so
are
aware
of
the
goals
and
aims
of
the
church.
Their roles
and
responsibilities
are
communicated
verbally
and
the
through
the
use
of
leaflets
from
the
Charity
Commission.

Page
2

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Trustees'
Report
(continued) For
The
Year
Ended
31
December
2024

Reference
and
Administrative
Details

Trustees

Dr
A
Morgan
‑
Chairperson Rev
R
J
Gratton
(appointed
20/06/2024) Mrs
F
E
Thomas Mrs
P
Duffield Mrs
J
Proctor Mr
M
Williams Mrs
S
Thomas Mr
M
J
Davies Mrs
S
Jones Mr
A
Mullins Mr
R
A
Jones Rev
B
J
Reaney Rev
M
Evans

Other
Personnel

Mrs
C
Isaac
‑
Treasurer

Charity
Number

1203565

Principal
Address The
Paddock Derllwyn
Road Tondu Bridgend CF32
9HD

Independent
Examiner

Robert
Cole Robert
Cole
&
Co Chartered
Certified
Accountants Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Bankers HSBC 3
Windsor
Road Neath

Page
3

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Trustees'
Report
(continued) For
The
Year
Ended
31
December
2024

Statement
of
Trustees'
Responsibilities

The
trustees
are
responsible
for
preparing
the
Trustees'
Report
and
the
financial
statements
in
accordance
with
applicable
law
and
United Kingdom
Accounting
Standards
(United
Kingdom
Generally
Accepted
Accounting
Practice).

The
law
applicable
to
charities
in
England
and
Wales
requires
the
trustees
to
prepare
financial
statements
for
each
financial
year
which
give
a true
and
fair
view
of
the
state
of
affairs
of
the
charity
and
of
the
incoming
resources
and
application
of
resources
of
the
charity
for
that
period.
In preparing
the
financial
statements
the
trustees
are
required
to꞉

select
suitable
accounting
policies
and
then
apply
them
consistently;

observe
the
methods
and
principles
in
the
Charity
SORP;

make
judgments
and
accounting
estimates
that
are
reasonable
and
prudent;
and

prepare
the
financial
statements
on
the
going
concern
basis
unless
it
is
inappropriate
to
presume
that
the
charity
will
continue
in business.

The
trustees
are
responsible
for
keeping
adequate
accounting
records
which
disclose
with
reasonable
accuracy
at
anytime
the
financial
position of
the
charity
and
to
enable
them
to
ensure
that
the
accounts
comply
with
the
Charities
Act
2011,
the
Charity
(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
other
irregularities.

The
trustees
are
responsible
for
the
maintenance
and
integrity
of
the
corporate
and
financial
information
included
on
the
charity's
website. Legislation
in
the
United
Kingdom
governing
the
preparation
and
dissemination
of
financial
statements
may
differ
from
legislation
in
other jurisdictions.

The
trustees'
report
was
approved
by
the
board
of
trustees
and
signed
on
its
behalf
by꞉

Dr
A
Morgan Trustee 24
November
2025

Page
4

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Independent
Examiner's
Report
to
the
Trustees
of
Llynfi
and
Upper
Afan
Valleys
Ministry
Area For
The
Year
Ended
31
December
2024

I
report
to
the
trustees
on
my
examination
of
the
accounts
of
Llynfi
and
Upper
Afan
Valleys
Ministry
Area
(the
Trust)
for
the
year
ended
31 December
2024.

Responsibilities
and
Basis
of
Report

As
the
charity
trustees
of
the
Trust
you
are
responsible
for
the
preparation
of
the
accounts
in
accordance
with
the
requirements
of
the
Charities Act
2011
(“the
Act”).

I
report
in
respect
of
my
examination
of
the
Trust’s
accounts
carried
out
under
section
145
of
the
2011
Act
and
in
carrying
out
my
examination,
I have
followed
the
applicable
Directions
given
by
the
Charity
Commission
under
section
145(5)(b)
of
the
Act.

Independent
Examiner's
Statement

I
have
completed
my
examination.
I
confirm
that
no
material
matters
have
come
to
my
attention
in
connection
with
the
examination
giving
me cause
to
believe
that
in
any
material
respect꞉

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
the
accounts
to
be
reached.

Robert
Cole

24
November
2025 Office
2
Llynfi
Enterprise
Centre Heol
Ty
Gwyn
Industrial
Estate Maesteg CF34
0BQ

Page
5

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Statement
of
Financial
Activities For
The
Year
Ended
31
December
2024

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities꞉
Fees
Othertradingactivities
4
Investments
5
Other
6
EXPENDITUREON꞉
Charitableactivities꞉
7
Fees
Parishshare
Overheads
Other
NET(EXPENDITURE)/INCOMEBEFOREINVESTMENT
(LOSSES)/GAINS
Net(losses)/gainsoninvestments
NET(EXPENDITURE)/INCOME
Transfersbetweenfunds
13
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
13		 Unrestricted
funds
£
69,874
12,695
20,241
1
40,420		 Restricted
funds
£
‑
‑
‑
‑
‑		 2024
Totalfunds
£
69,874
12,695
20,241
1
40,420		 2023
Totalfunds
£
91,194
18,246
23,259
162
19,059
143,231 ‑ 143,231 151,920
(886)
(74,270)
(88,239)
(10,033)		 ‑
‑
‑
‑		 (886)
(74,270)
(88,239)
(10,033)		 (2,339)
(70,674)
(51,878)
(21,023)
(173,428) ‑ (173,428) (145,914)
(30,197)
‑		 ‑
(34,411)		 (30,197)
(34,411)		 6,006
12,013
(30,197)
(2,011)		 (34,411)
2,011		 (64,608)
‑		 18,019
‑
(32,208)
146,269		 (32,400)
253,296		 (64,608)
399,565		 18,019
381,546
114,061 220,896 334,957 399,565

The
notes
on
pages
9
to
15
form
part
of
these
financial
statements.

Page
6

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Comparative
Statement
of
Financial
Activities For
The
Year
Ended
31
December
2024

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities꞉
Fees
Othertradingactivities
4
Investments
5
Other
6
EXPENDITUREON꞉
Charitableactivities꞉
7
Fees
Parishshare
Overheads
Other
NETINCOMEBEFOREINVESTMENTGAINS
Netgainsoninvestments
NETINCOME
Transfersbetweenfunds
13
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
13		 Unrestricted
funds
£
91,034
9,060
23,259
162
19,059		 Restricted
funds
£
160
9,186
‑
‑
‑		 2023
Totalfunds
£
91,194
18,246
23,259
162
19,059
142,574 9,346 151,920
(2,339)
(70,674)
(42,075)
(21,023)		 ‑
‑
(9,803)
‑		 (2,339)
(70,674)
(51,878)
(21,023)
(136,111) (9,803) (145,914)
6,463
‑		 (457)
12,013		 6,006
12,013
6,463
2,336		 11,556
(2,336)		 18,019
‑
8,799
137,470		 9,220
244,076		 18,019
381,546
146,269 253,296 399,565

The
notes
on
pages
9
to
15
form
part
of
these
financial
statements.

Page
7

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Statement
of
Financial
Position As
At
31
December
2024

Notes
FIXEDASSETS
Investments
11
CURRENTASSETS
Debtors
12
Cashatbankandinhand
NETCURRENTASSETS(LIABILITIES)
TOTALASSETSLESSCURRENTLIABILITIES
NETASSETS
FUNDSOFTHECHARITY
RestrictedFunds
UnrestrictedFunds
TOTALFUNDS
13		 Unrestricted
funds
£
‑		 Restricted
funds
£
143,646		 2024
Totalfunds
£
143,646		 2023
Totalfunds
£
178,057
‑
7,774
106,287		 143,646
‑
77,250		 143,646
7,774
183,537		 178,057
‑
221,508
114,061
114,061		 77,250
77,250		 191,311
191,311		 221,508
221,508
114,061 220,896 334,957 399,565
114,061 220,896 334,957 399,565
220,896
114,061		 253,296
146,269
334,957 399,565

On
behalf
of
the
board

Rev
R
J
Gratton Trustee 24
November
2025

The
notes
on
pages
9
to
15
form
part
of
these
financial
statements.

Page
8

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements For
The
Year
Ended
31
December
2024

1. General
Information

Llynfi
and
Upper
Afan
Valleys
Ministry
Area
is
an
unincorporated
charity
registered
with
the
Charity
Commission,
registered
charity
number 1203565.
The
principal
address
is
The
Paddock,
Derllwyn
Road,
Tondu,
Bridgend,
CF32
9HD.

2. Accounting
Policies

2.1. Basis
of
Preparation
of
Financial
Statements

The
financial
statements
have
been
prepared
in
accordance
with
the
Charities
SORP
(FRS
102)
"Accounting
and
Reporting
by Charities꞉
Statement
of
Recommended
Practice
applicable
to
charities
preparing
their
accounts
in
accordance
with
the
Financial Reporting
Standard
applicable
in
the
UK
and
Republic
of
Ireland
(FRS
102)
(effective
1
January
2019)",
Financial
Reporting
Standard 102
"The
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic
of
Ireland",

the
Charities
Act
2011
and
the
Church
in
Wales Accounting
Regulations.

The
charity
is
a
Public
Benefit
Entity
as
defined
by
FRS
102.

The
financial
statements
are
presented
in
Sterling
which
is
the
functional
currency
of
the
charity.
Monetary
amounts
in
these
financial statements
are
rounded
to
the
nearest
pound.

2.2. Going
Concern
Disclosure

The
trustees
have
not
identified
any
material
uncertainties
related
to
events
or
conditions
that
may
cast
significant
doubt
about
the charity's
ability
to
continue
as
a
going
concern.

2.3. Significant
judgements
and
estimations

The
significant
accounting
policies
applied
in
the
application
of
these
financial
statements
are
set
out
below.
These
policies
have
been consistently
applied
to
all
years
presented
unless
otherwise
stated.
No
significant
judgements
have
had
to
be
made
by
the
trustees
in preparing
these
financial
statements.

2.4. Fund
Accounting

Unrestricted
funds
can
be
used
in
accordance
with
the
charitable
objectives
at
the
discretion
of
the
trustees.

Designated
funds
comprise
unrestricted
funds
that
have
been
set
aside
by
the
trustees
for
a
specific
purpose.

Restricted
funds
are
to
be
used
for
specific
purposes
as
laid
down
by
the
donor.

Further
explanation
of
the
nature
and
purpose
of
each
fund
is
included
in
the
notes
to
the
financial
statements.

2.5. Incoming
Resources

Recognition
of
income꞉ Income
is
included
in
the
Statement
of
Financial
Activities
(SoFA)
when
the
charity
becomes
entitled
to,
and virtually
certain
to
receive,
the
income
and
the
amount
of
the
income
can
be
measured
with
sufficient
reliability.

Income
with
related
expenditure꞉ Where
income
has
related
expenditure
the
income
and
related
expenditure
is
reported
gross
in
the SoFA.

Donations
and
legacies꞉ Voluntary
income
received
by
way
of
grants,
donations
and
gifts
is
included
in
the
the
SoFA
when
receivable and
only
when
the
Charity
has
unconditional
entitlement
to
the
income.

Tax
reclaims
on
donations
and
gifts꞉ Income
from
tax
reclaims
is
included
in
the
SoFA
at
the
same
time
as
the
gift/donation
to
which it
relates.

Donated
services
and
facilities꞉ These
are
only
included
in
income
(with
an
equivalent
amount
in
expenditure)
where
the
benefit
to the
Charity
is
reasonably
quantifiable,
measurable
and
material.

Volunteer
help꞉ The
value
of
any
volunteer
help
received
is
not
included
in
the
accounts.

Investment
income꞉ This
is
included
in
the
accounts
when
receivable.

Gains/(losses)
on
revaluation
of
fixed
assets
Gains/(losses)
on
investment
assets꞉ This
includes
any
gain
or
loss
on
the
sale
of investments.

Page
9

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

2.6. Resources
Expended

Recognition
of
expenditure꞉ Expenditure
is
recognised
on
an
accruals
basis.
Expenditure
includes
any
VAT
which
cannot
be
fully recovered,
and
is
reported
as
part
of
the
expenditure
to
which
it
relates.

Expenditure
on
raising
funds꞉ These
comprise
the
costs
associated
with
attracting
voluntary
income,
fundraising
trading
costs
and investment
management
costs.

Expenditure
on
charitable
activities꞉ These
comprise
the
costs
incurred
by
the
Charity
in
the
delivery
of
its
activities
and
services
in the
furtherance
of
its
objects,
including
the
making
of
grants
and
governance
costs.

Grants
payable꞉ All
grant
expenditure
is
accounted
for
on
an
actual
paid
basis
plus
an
accrual
for
grants
that
have
been
approved
by the
trustees
at
the
end
of
the
year
but
not
yet
paid.

Governance
costs꞉ These
include
those
costs
associated
with
meeting
the
constitutional
and
statutory
requirements
of
the
Charity, including
any
audit/independent
examination
fees,
costs
linked
to
the
strategic
management
of
the
Charity,
together
with
a
share
of other
administration
costs.

Other
expenditure꞉ These
are
support
costs
not
allocated
to
a
particular
activity.

2.7. Investments

2.8. Cash
and
Cash
Equivalents

Cash
and
cash
equivalents
are
basic
financial
assets
and
include
cash
in
hand
and
deposits
held
at
call
with
banks,
other
short‑term highly
liquid
investments
that
mature
in
no
more
than
three
months
from
the
date
of
acquisition
and
are
readily
convertible
to
a
known amount
of
cash
with
insignificant
risk
of
change
in
value,
and
bank
overdrafts.

2.9. Financial
Instruments

Trade
and
other
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.

Trade
and
other
creditors꞉ Short
term
creditors
are
measured
at
the
transaction
price.
Other
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
party
and the
amount
due
to
settle
the
obligation
can
be
measured
or
estimated
reliably.
Creditors
and
provisions
are
normally
recognised
at
their settlement
amount
after
allowing
for
any
trade
discounts
due.

2.10. Taxation

The
charity
is
exempt
from
tax
as
all
its
income
is
charitable
and
applied
for
charitable
purposes.

3. Income
from
Donations
and
Legacies

Donationsandgifts꞉
Plannedgiving,collections,donations&giftaid
ForMission
GASDS
Grants&legacies		 Unrestricted
funds
£
55,590
7,107
7,177
‑		 Restricted
funds
£
‑
‑
‑
‑		 2024
Total
funds
£
55,590
7,107
7,177
‑
69,874 ‑ 69,874

Page
10

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

Donationsandgifts꞉
Plannedgiving,collections,donations&giftaid
ForMission
GASDS
Grants&legacies
4.
IncomefromOtherTradingActivities
Incomefromothertradingactivities
5.
InvestmentIncome
Bankinterestreceivable
6.
OtherIncome
Saleofassets
7.
AnalysisofExpenditure
Fees
Parishshare
Overheads		 Unrestricted
funds
£
73,684
2,170
6,612
8,568		 Restricted
funds
£
160
‑
‑
‑		 2023
Total
funds
£
73,844
2,170
6,612
8,568
91,034 160 91,194
Activities
undertaken
directly
£
886
74,270
‑		 2024
Unrestricted
funds
£
20,241		 2023
Unrestricted
funds
£
23,259
2024
Unrestricted
funds
£
1		 2023
Unrestricted
funds
£
162
2024
Unrestricted
funds
£
40,420		 2023
Unrestricted
funds
£
19,059
Supportcosts
(seenote8)
£
‑
‑
88,239		 2024
Total
£
886
74,270
88,239
75,156 88,239 163,395

Page
11

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

Fees
Parishshare
Overheads
8.
SupportCosts
Premisesexpenses꞉
Repairsandmaintenance
Otherpremisescosts
Generaladministration꞉
Printing,postageandstationery
Telecommunicationsanddatacosts
Independentexaminer'sfees
Bankcharges
Sundryexpenses
Premisesexpenses꞉
Repairsandmaintenance
Otherpremisescosts
Generaladministration꞉
Printing,postageandstationery
Telecommunicationsanddatacosts
Independentexaminer'sfees
Bankcharges
Sundryexpenses		 Activities
undertaken
directly
£
2,339
70,674
‑		 Supportcosts
(seenote8)
£
‑
‑
51,878		 2023
Total
£
2,339
70,674
51,878
73,013 51,878 124,891
2024
Overheads
£
34,633
44,869
445
1,755
1,176
391
4,970
88,239
2023
Overheads
£
32,568
17,295
252
843
468
403
49
51,878

Page
12

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

9. Independent
Examiner's
Remuneration

Independentexaminationofthefinancialstatements
Otherassuranceservices
Taxadvisoryservices
Otherfinancialservices		 2024
£
1,176
‑
‑
‑
1,176		 2023
£
468
‑
‑
‑
468

10. Average
Number
of
Employees

Average
number
of
employees
during
the
year
was꞉
NIL
(2023꞉
NIL)

  1. Investments
CostorValuation
Asat1January2024
Revaluations
Asat31December2024
Provision
Asat1January2024
Asat31December2024
NetBookValue
Asat31December2024
Asat1January2024
2.
Debtors
Duewithinoneyear
Otherdebtors
3.
MovementinFunds
Unrestrictedfunds
Designated꞉
MinistryArea
Maesteg
StCynfelin's
StJohn's
StMary's
Totalunrestrictedfunds		 Asat1
January2024
£
9,397
108,585
8,634
13,748
5,905		 Income
£
1,880
118,890
11,045
9,704
1,712		 Expenditure
£
(2,138)
(138,512)
(10,102)
(15,059)
(7,617)		 2024
£
7,774
Transfers
£
‑
(3,602)
922
669
‑		 Other
£
178,057
(34,411)
143,646
‑
‑
143,646
178,057
2023
£
‑
Asat31
December
2024
£
9,139
85,361
10,499
9,062
‑
146,269 143,231 (173,428) (2,011) 114,061

12. Debtors

13. Movement
in
Funds

...CONTINUED

Page
13

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

Restrictedfunds
StCynfelin's(Restricted)
StJohn's(Restricted)
Maesteg(Restricted)
MinistryAreaInvestments(Restricted)
Totalrestrictedfunds
Totalfunds
Unrestrictedfunds
Designated꞉
MinistryArea
Maesteg
StCynfelin's
StJohn's
StMary's
Totalunrestrictedfunds
Restrictedfunds
StCynfelin's(Restricted)
StJohn's(Restricted)
StMary's(Restricted)
Maesteg(Restricted)
MinistryAreaInvestments(Restricted)
Totalrestrictedfunds
Totalfunds		 922
2,966
71,351
178,057		 ‑
‑
‑
‑		 ‑
‑
‑
(34,411)		 (922)
(669)
3,602
‑		 ‑
2,297
74,953
143,646
253,296 ‑ (34,411) 2,011 220,896
399,565 143,231 (207,839) ‑ 334,957
Asat1
January2023
£
8,035
118,697
2,712
8,026
‑		 Income
£
8,543
77,550
27,966
20,830
7,685		 Expenditure
£
(7,181)
(89,998)
(22,044)
(15,108)
(1,780)		 Transfers
£
‑
2,336
‑
‑
‑		 Asat31
December
2023
£
9,397
108,585
8,634
13,748
5,905
137,470 142,574 (136,111) 2,336 146,269
5,236
1,194
281
71,321
166,044		 ‑
2,462
‑
6,884
‑		 (4,314)
(690)
‑
(4,799)
12,013		 ‑
‑
(281)
(2,055)
‑		 922
2,966
‑
71,351
178,057
244,076 9,346 2,210 (2,336) 253,296
381,546 151,920 (133,901) ‑ 399,565

Purposes
and
restrictions
in
relation
to
the
funds꞉

Restricted
funds꞉

St
Cynfelyn's꞉ Designated
funds
for
furthering
the
religious
and
charitable
work
of
St
Cynfelyn's
Church. St
John's꞉ Designated
funds
for
furthering
the
religious
and
charitable
work
of
St
John's
Church. St
Mary's꞉ Designated
funds
for
furthering
the
religious
and
charitable
work
of
St
Mary's
Church. Maesteg꞉ Designated
funds
for
furthering
the
religious
and
charitable
work
of
the
Maesteg
Area. Ministry
Area
Investments꞉ Legacies
&
funds
whose
use
is
restricted
according
to
the
terms
on
which
they
were
received.

Designated
funds꞉

Ministry
Area꞉ Funds
that
can
be
spent
generally
for
furthering
the
religious
and
charitable
work
of
the
Ministry
Area. Maesteg꞉ Funds
that
can
be
spent
generally
for
furthering
the
religious
and
charitable
work
of
the
Maesteg
Area. St
Cynfelyn's꞉ Funds
that
can
be
spent
generally
for
furthering
the
religious
and
charitable
work
of
St
Cynfelyn's
Church. St
John's꞉ Funds
that
can
be
spent
generally
for
furthering
the
religious
and
charitable
work
of
St
John's
Church. St
Mary's꞉ Funds
that
can
be
spent
generally
for
furthering
the
religious
and
charitable
work
of
St
Mary's
Church.

Page
14

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024

14. Transactions
with
Trustees

None
of
the
trustees
received
any
remuneration
or
any
other
benefits
from
an
employment
with
the
charity
or
a
related
entity
during
the
current or
previous
year.

No
trustee
expenses
have
been
incurred.

15. Related
Party
Disclosures

There
have
been
no
related
party
transactions
in
the
reporting
period
that
require
disclosure.

Page
15

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Detailed
Statement
of
Financial
Activities For
The
Year
Ended
31
December
2024

INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
Plannedgiving,collections,donations&giftaid
ForMission
GASDS
Grants&legacies
CharitableActivities꞉
Fees
Fees
Othertradingactivities
Moneyraising
Investments
Bankinterestreceivable
Other
Saleofassets
EXPENDITUREON꞉
CharitableActivities꞉
Fees
Moneyraisingcosts
Parishshare
Parishshare
Parochialexpenses
Overheads
Repairsandmaintenance
Otherpremisescosts
Printing,postageandstationery
Telecommunicationsanddatacosts
Independentexaminer'sfees
Bankcharges
Sundryexpenses
Other		 2024
Total
funds
£
55,590
7,107
7,177
‑		 2023
Total
funds
£
73,844
2,170
6,612
8,568
69,874
12,695		 91,194
18,246
12,695
20,241		 18,246
23,259
20,241
1		 23,259
162
1
40,420		 162
19,059
40,420 19,059
143,231
(886)		 151,920
(2,339)
(886)
(70,051)
(4,219)		 (2,339)
(63,181)
(7,493)
(74,270)
(34,633)
(44,869)
(445)
(1,755)
(1,176)
(391)
(4,970)		 (70,674)
(32,568)
(17,295)
(252)
(843)
(468)
(403)
(49)
(88,239) (51,878)

...CONTINUED

Page
16

Llynfi
and
Upper
Afan
Valleys
Ministry
Area Detailed
Statement
of
Financial
Activities
(continued) For
The
Year
Ended
31
December
2024

Maintenanceofservices
Ministryarea
Parish&othergrantsanddonations
NET(EXPENDITURE)/INCOMEBEFOREINVESTMENT(LOSSES)/GAINS
Net(losses)/gainsoninvestments
Fairvalue(deficit)/surplusonrevaluationofinvestments
NET(EXPENDITURE)/INCOME		 (3,764)
(1,704)
(4,565)		 (10,071)
(4,998)
(5,954)
(10,033) (21,023)
(173,428) (145,914)
(30,197)
(34,411)		 6,006
12,013
(34,411) 12,013
(64,608) 18,019

Page
17