REGISTERED CHARfrY NLTrIBER: 1203686 F.PORT OF UNA TED FI.NANCIAL FOR T]TE YEAR END 31 DECF.MBER 202 MER YR TYDFtt. MIN'ISTrY AREA Baker Knoyle ChaT¢ered AccouDtanls Orbit Busineks Centr¢ Merthyr Tydfil CF48 IDL
CON'TENTS OF THE CIAL STATEMENTS R ENDF.D 31 DECEMBER 2023 P4ge Report of the Trustees IDdependent EIamlner's Report StAtement of FID*ncial Acdvlrfes BAlanee Sheet Cash Flow Sthtement otes to the CAsh Flov4 StAl¢m¢nt 1440te$ its the Flll¥Jnclal Statem¢ni$ 9 to 15 D¢t#lled Ststement of HDAnelal A¢dvld¢¥ 16 to 17
MERTHYR TYDFIL Ittr*rySTRY AREA REPORT OF THE TRLT TEE FOR THE EP41)ED 31 DECEMBF.R 2•23 Th¢ trnstees present their report with the financial statements of the chariry for the year ended 31 Dccember 2023. The Irustees have adopted the PTOVISLons of Accowiling and RertIng by Charities.. Statcmcnt of Recommend¢d Practice applicabl¢ to ¢harities preparittg their accounts io accordance with tkne Fiti8n¢iwI Reporting Standard 2ppli¢able in the UK and Rcpublic of Ireland (FRS 102) (effective l January 20L9). OBJECTtVES AND ACTIvrrIFS Objecilves And #Ims The aim of lh¢ chariry is the promotiott of the whole mission of the Cbur¢ty pastoral, cvallgelisuc, social and e¢un]enical ill thc parish. Slgnlflc8llt qctlvltles The wliole Minislry Ar¢a has b¢¢n involved in the Baby Bank aod the Food Bank. The buildings haye been n]aintAined to a htgb swjdard so thot they rcmain acc¢5sible to the publi¢. Variolls social groups have been enabled thmugh th¢ ywi Knit and N&tter aad 8 Thursday Club. inisty throu8h volunteers and Clerics has been provid¢d to those in ne&1. We continue to en8a8e with our eeum¢JJi¢aI ¢ollea8ues at major ¢ivic 5¢rvices for wbicb our buildings are olways prepar¢d. PublSe benefit IlTrcn planning activities for the year, the tru5ttts have conqidered tl?¢ Charity Commission's guidanc¢ on public benefit. All charitable activities ar¢ widertaken io fijrther the eharitys charitable purposes for tli¢ publi¢ benefii. Volunteery All groups are by volunteers aDJ they provide mTrny back up servie&% and ¢ngkgements with the local community, ACEIIEVEMENT AL¥D PERFORMANCE ChArltAble Y4cllvltles lil Mcrthyr Tydlil thc chur¢h rnaintains its centra] rol¢ of C¢ provider in time of need to whi¢h many turn. Th¢ ¢¢[innICal food bank has bee literally. a life saver &$ b&$ the Baby Bank where there have bn in excess of 300 referrnls. B¢sidcs this the Ministy Ar¢A h&8 provided warro spac&% attd sfaff volunteet¥ are regularly approached by sehools aiid the local comt)nLiiity to engage with secular events. FINANCIAL REVIEW Flnanelal positlon During the yrar. MNtA r¢c¢ived a tota] ilKon of £530,430. Of this. £516.750 r¢l&t¢d to unrestricted illcome and £13,680 of restricted income. Primary sources of incorr£ included Planned Giving 8nd dona¢ions, lotsljing £135,170. During the year the clwiry also b#d exceptiona] incolne 01£277,255 wl)ich related to the merger of bank balances from a nLllnber of p&rish¢s introduced in to the combincd rninistry a& Total costs for the year We £296.688. orthis £135.630 rclatcd to Parish Share to the Diocese FOT the year to 3 1st Decenkn 2023. the cljarity made a net SUtpIu5 of £233,742. Pa8c I
RTHYR TYDFIL MINISTrY AREA KLPORT OF THE TRLSTEES FOR THE ENI)ED 31 DECEMBER 2023 FINANCIAL REVIEW Reserves polity The chwity currently holds free Teserves of £180.744, kithg t7 bance on all Merthyr Ministy Area P2ri$h Funds. Th¢ ¢harity aims to increase this level in order to Subsidi ally excess cxpendittre over in¢ome and enable the ¢ontinuance of the charitable objeciives in fortbcoming years. The trustees ar¢ aware that a reserv¢8 policy needs to be in p]¥¢ and inlend to develop such a policy over the coming STRLCTURE, COVERNANCE AND MANAGEMEYr GovernlDE dtseumtnt The charity is coiiti'olled by its 8ov¢rning documeni, a deed of tsu8t And constilutes an urtin¢orpor4t¢d chaiity, The Constitution of the ¢hlty was adopted on 22nd Julle 2023.. The Mintstry Area is an UllitrOTPOrnted charity, registered in Enwand & Wales with the Charity Commission. The Ministy Area is an amalgamation o( local chwcbes as pErt of the Diocese of Llandaff of th¢ Province of the Church in W8le8, It 1$ A Chrl$llAn Church comprlslng the former parlshes of: Troedyrhiw merth Vale Merthyr Tydfil Chn'st Church Dowlais and P¢nydarren Merthyr Tydfil St. Dlvids Ab¢annaid The Merth)ff Miiii$try Area is govcrncd by a Millisty ArtA Coull¢il IMAC) consisting of14 Trustces, both Lky wid LlericRI. Lay Trustees are appointed by votc of memben of t]1¢ eledorai roll at the Atujual Vcsty Meeting. The MAC is supported by sub-L'ommittees which deal with.. MAssion; Cbildren and Youn8 People- Finance,. Fundraisin8: Buildings; Pastorhl Mattcr$; attd Fellowship. Recruitment ond sppointment of truste¢5 Trustees are appoillt oll a volwitary basi5 to the MIntrY Area Conunittee (MAC). This y¢ar wc have focused on Safeguatding Trdilling for a]1 TnJ5tees and all will have Completed Module A & B of the Church in Wale5 safeguarding course. N¢xt ye& the Ministry Area QkuDciI will r(w on appropria¢¢ training for tbose who will be involved in the other policies the cl)arity has adoptcd this y&Y. REFEREDICE AND ADMINISTRATtVE DETAILS R¢glytered Charlty Dumber 1203686 Page 2
MERTFtYR TYDFIL MihrysfRY ARE REPORT OF THE TRUSTEES FOR THE ENDED JI DECEMBER 202 Prlnelpal Address 6 LINsTrmcelyn Lauc Menhyr Tydfd CF48 IAL Trustees Rev. M Prevett (appoint¢d 28.4.24} B Edwards (appointed 28.4.24) M Price (appointed 28.4.24) Rev. C Owen (appointed 28,4.24) M Joncs (appointcd 28.4.24) E Fisher {appointed 28.4.24) Rev. S nes (appoint 28.4.24) L Greeii (appointed 28.4.24} C Jones (appoinied 28.4.24) Rev. M WAlford lappointed 28.4.24) D Eva115 {pPOInted 23.4.23) Mrs M K Thomas lappuinted 23.4.23> (resid 23.4.23) D Cox (appointed 23.4,23) C T. Joncs (appointed 24.4.24) E Lewys (apinted 23.4.23) (resigned 23.4.23) Independent F.xamlner Richcird Icnoylc ACA FCCA Bakcr Knoyl¢ ClJ8rt¢red Accountants Orbit Hiisiness Centre Merihyr Tydfil CF48 IDL ChArlty dAy to d&y mgn4gement Ministry Area Comtt)itte¢ {MAQ Approved by order ofthe bLwd of trust¢¢s on 16 Febnw 2025 and si8n¢d on its b¢half by: Rev. M Walford- Trustee Py3
INDEPETr4DENT EX4ER's REPORT TO THE TR . r+lERTHIqi TYDFIL MJ.YI.STRI' ARF.A ESOF Independent ex%mlner's report to the trustees of Merthyr Tidfd Mln15try Ar I t¢port to the ¢Fwity trustecs on MY examitjatr.on of th¢ ac¢owJts of Merthyr Tydfil Ministy Area (th¢ Tnt} for the y¢ar ended 31 December 2023. Re5pon$lbllltles and basls of report As the clwity tLWtees of the Trust you are responsible for the pparation of the accounts in accordan¢e with the requirenwits of the Chariucs Act 2011 Ilhe ACV). I report in respect of my examination of the TNSVS accounts carri¢d out und¢r S¢ctioD 145 of the Act and in ¢arryiDg out my examination I have follow¢d all applicable Direetiotss giv¢n by th¢ Charity Conllnission under Section 14515)Ib) of thc Act. Independent exfimlner'$ Jtstement Since your ¢hariiys gross income exceeded £250.IJOO yow examiner must be a member of a listed body. J ran confirni that I am qualified to undertake the examination bttause l am a member of the Institute of Chart¢rcd Accounlants in Englattd wid Wales, which is one of the listed bodie& I have Completed my examination. T ¢onfum that no marerial matters lthve Come lo my attention in coi)ne¢tion with the exaTr.in&iion giving m¢ cau$¢ to bcli¢Ye that in atty material rp¢¢i'. accounting records were not k¢pi in r¢spect of the Trust as Tequir*J by Stttion 130 of the Act,. or the accounts do not a¢cord with ¢hose records; or die A¢¢ounts do not comply witb the appli¢¥bl¢ r¢quircments concerning the fomi and Colltent of accounts set oul in the Charitscs (Accounts and Reports) Regulations 2(M)8 other than any requiremeni tha¢ the Accounts 8ive & tru¢ and fair view WL¢h is uot A Illatt¢r ¢onsidered as part of an independ¢Dt exAmiiiatio I have no conc¢ms and hav¢ come across no oih¢r mali¢rs in connectioi) with the examinauon ¢0 which attention $hou]d be drawi) in thi3 report in order to ¢lble 8 proper undeTStandin8 of a¢ooun15 to be reached. Richard Kno ACA FCCA Bak¢r Knoyle Ciwtered Accouniartts Orbit Business Centr¢ Merthyr'fydfil CF48 IDL 16 February 2025 Page 4
MERTIIIryi TYDFIL IItNLSTRY AREA STATEMENT OF FIYANCIAI. ACTfviTIES FOR THE YEAR ENDED 31 DECEMBER 202 Unrestricted R¢stricted fiwds Tokil nds Not¢s INCOME AND ENDOWMENTS FROM Donations and l¢gwi¢s 162,982 13,680 176,662 Other irading aLtIYilies Iuv¢3tment in¢om¢ Other income 45,785 2,016 309,231 45.785 2,026 309,231 Tot41 520,014 13,680 533,694 EXPEliDtTURE ON ChArltAble actltIeS Parish A¢tiviti¢5 299,952 299,952 NET INCOME 220,062 7,135 13,680 {7.135) 233,742 Transfers between fund$ 12 Net movement In funds 227,197 6,545 933,742 TOTAL FUNDS CARRIED FORWARD 227,197 6,545 233.742 CONTINUING OPERAI'IONS All An¢om¢ Atsd expenditure has aris¢n from continuing aciivities. IYOTE TO THE SOFA- Ex¢¢ptton81 Income Included in other income is exceptional in¢ome of £?77,255 relaiing lo the merger of a nun)ber of p&'ishes in the charity. The existiiig parish¢s join¢d on the 151 January 20?3 and the nei fund5 in each of the pAri8he5 were trAnsferrcd ti) th¢ ombined ministy area. Th¢ not¢5 fonn part of these financial statements Page 5
MERTHYR TYDFIL ML TRY AREA BALANCE SHEET 31 DECEMBER 2023 Notes CURREYT ASSETS Ca$h at bai]k and iii hand 248,844 CREDITORS Amounts falling due within one year (5,102} NET CURRELYT ASSETS 243,742 T()TAL ASSETS LE&$ CURRENr LIABILITIES 243,742 CEiEDITORS ATnOWits falling due after rnore than one year io 110.000) NET ASSETS 233.742 FIJNDS Unrcstrictcd fvnds R¢stri¢ted fvnd$ 12 227,197 6,545 TOTAL FLNDS 233.742 The financial statemenrs wer¢ approvcd by th¢ Bo)rd of Truslees and authorised for Assu¢ on 16 February 2025 and were 8i8ncd on its b¢h&lf by.. M Walford- Trwst¢¢ The notes forni part of these financial stat¢tnents PagE 6
SIRY AREA CASH FLOII STATENIENT FOR THE YEAR kf4DED 31 DECEMBER 2023 Notes C*sh llows from operltlne acllvltles Cash generated froln operatioL8 246.828 N¢t Cash provided by operating activities 246,828 C#$h flows from lllvestlDg actlvltle8 tllteresi receivtd 2,016 Net cash provided by investing #¢tiviti¢s 2,016 ChAnge In eash And ¢a$h equlvalellts In ihe reportlng perlod Caih eash equivalents •t the beglnnlng Df Ih¢ reportlng perlod 248,844 Cg8h And cjsh equlvalents at tht end of th¢ reportlng perlod 248,844 The notes forni part of these financial statents Pag¢ 7
ERTHYR TYDFIL MIMSTRY AREA NOTES T THE CASH FLOW STATF.MEYT R THE YEAR ENDED 31 DECETrIBER 2023 REcof4CILIATTON OF Tr4ET INCOME TO NET CASH FLOW FROhl OPERATTNG ACTI[Es Tr4et Ineome for the reportkng perfod (As per the Statement of FthanelAI Actlvltles) AdJustn)entJ for: Intcrcst reccived Increase in creditors 233,742 (2,016) 15,102 Net cash provlded by operltions 246,828 ANALYSIS OF CHANGES IN I¥ET FU.YDS At 111123 Cash flow At31112123 Net cash Cosh at bank and its hatM] 248,844 248,844 248,844 248,844 Toljl 248,844 248,844 The tKJtes forni of tb fiDao¢ial slafen)ents Page 8
Y AREA NOTF,S TO THE FLNLNCLKL STATENIETrllS FOR THE YEAR Lf4DED 31 DECEMBER 2023 ACCOUNTING POLICIES Bas1$ Of preparing the finandal statements The fitjancial statements of the charity, vAiich is a public benefit entity vnder FRS 102, have been Pr¢Prd in accordancE with the Chariues SORP IFRS 102} 'AccoumtiDg And Reporting by Charitie8'. Statement of Recommended Practice applicable to ¢harities PT¢paTing th¢ir a¢counts ID accordance with the Financial R¢porting Standard applicable in the UK and RqTrubli¢ of Ireland (FRS 102) (effective l January 2019),. FiTran¢ial Rcporting StAndllrd 102 'Th¢ Financial R¢porring Standard applicable ill the UK Republic of Er¢land' and the Charities Aet 2011. The financial statements bave been prepared u[er th¢ JJistori¢al ¢os¢ ¢ollYention. The Financial Statements have a150 been prepared in accordance with th¢ Church In Wal¢s A¢countiDg Regulatioi)s, which specify the Siandard Forni of A¢¢outtts to be adopt¢d by paTi8hc5 Within the Church In Wales. Income All income is recognised in th¢ Statemeot of FiuaDcial Aclivitics once the charity has ¢ntstlement to the fimd4 il ig probable thai th¢ incom¢ will be receivcd and Ihe amouni can Ix meAsured relipdbly. The following specific poliei¢s ar¢ appli¢d: Voluntary Income received by way of grants. gitts or donation ig included in full on ttceipt unless it Is subj¢¢t lo condition when it 1$ tr¢ad a$ deterred income. Deferred income: Income or grnnts re¢¢ii.d in advan¢¢ h¢ld &s dcfured inconie and carried fi)rWd to future a¢¢ountiiig p¢riods ¢0 b¢ T¢l¢as wh¢n thc defined purposes of the work or proj¢£t l)ave b¢¢n ¢omplcd, approved or c¢rtifi¢d. Glfts In Klnd hre included in the income and expendittwe aceow)t where they are applied in ¢8rrying out Charitable clivities, where the company would oihcrwis¢ have to PUTclwc tiie doled lacility and ihe benefit 1$ botl) quaiitif11c ble And maicrial. the quantifJAtblc bcn¢fit Is shoTr%Tr as both incoming and expended r¢source$ wiihin the appri)priat¢ fvnd8. Wli¢r¢ t]ie gift is ali assei li is tseated Bs income and ttskwi lo stock or fixed assets &8 Appropriate. The valiie of services prowded by volunie¢rs is not quantifie(t Inv¢$lnRnt Income is included when receivable. Tradlng kncome 13 recognisoj wthen earned. Glft Ald In¢om¢ is included in the same accounting period in which the 8iWdonation WAS mad¢. Expenditure Liabilities re recognised as expellditure as soon &5 th¢ is a l¢gal ar constTUCtive obligation committin8 the ¢lwity to tiiat expendimre, it 1$ probable that a (rawfer of economic benefits will be required in seltlement and the amount of the obligation can be measured reliably. Expenditute is accounted for on 8¢cruals basis and has beei) classified uiid¢r headings that aggre8ate all c05t rElated to the cat¢80ry. Where costs cannot be directly attributed to PBrlicular headings they hav¢ b¢en &lloca¢ed to aclivities on a basis consistent with the use of resources.Exp¢nditw'¢ includes VAT which c8nno¢ be recovered, and is rew)rted as part of the eXnditUre to whi¢h it rclates: Costs of gener8tJJJg fud$ include the costs awciated with attracting volulltary incotne thd the costs of trading for ndraising purposes. Charltable expendlture comprises thDse costs iurred by the charity in the delivery of its activities and servi¢¢s for ils beneficiaries. It includ¢s the ¢osts that can be attTibuted direcdy tr> those &etÉviti¢s attd tho$¢ ¢ost8 of an indirect natur¢ ne¢e5sary to support them. Pag¢ 9 contiTLued...
MERTHYR TYDFIL MiisllsfRY AREA NOTES TO THE FIN,C1AL STATE%IEJTS- contlllued R THE YEAR ENI)ED I DECEIMBER 2023 ACCOUNTING POLICIES- continued Tayatlo The charity is exempt fiom tax on its ¢baritable Othivities. Fund accountlng Unrestricted fjjllds catt be used in a¢¢ordaDc¢ with the ¢baritsble objectives at the discretion of the tsste¢S. Restricted funds can only be used for p8ttieular restriet¢d purpow withÈn the objects of the chHrity. Restrictions aris¢ wh¢ll sp¢cified by th¢ donor or wh¢n fund5 are rnised for parts'cu]Ar restricted purpose& Further explanation of the llatte alld purpos¢ of ¢aeb fvttd 1$ ith¢luded iti the no to the financial sleMents. Debtors and creditors recelvblelpyAble wltbln on¢ ye*r r)ebtors and Creditors with no stai¢d ini¢r¢st raic 8nd receivable or payable within one year are r¢¢orded at transaction pricc. Going ¢oncer The financial statements have been prepared on a going ¢on¢¢rn basis as th¢ tru8t¢es bclicve that Iw nuterial UncerLtiCS exist. blxed A%$et$ Churihes. Cliurchyards and Vi¢arage5 are vested in the Representaiiye Body of the Church In W&les and any 8uch prop¢rty foTn)s no part of the asse ofthe ParislL Moveable Church ¢ontffl11s are inali¢nabl¢ prop¢rty and r¢quire faculty for disposal. Many are histori¢ for which no reliable ¢ost or valuatioii bases exists. They arc not reeognised on thc Balan¢e She¢t nor listed, lo reduc¢ the risk of theft Tthd Yandaiism. Expenditure on Cburehes {inclLiding content5), Cliurchyard8 and vicarages is wriiten otTwhen incurred. Otl)¢r fr¢¢liold land and buildii)g5 Hre held in trust for the Parish by either the RepreseAtaiive Body. or th¢ Ll1[ff Dio¢¢san Board of Trinance. DONATIO5 AND LEGACIES Donation5 Gift aid Grants Plallned Giving Loose Collections 34,821 19,668 13,680 100.349 8,144 176,662 Grants received, included in the alM)ve, are as foll(yv4S: Chureh in Wales 13,680 Page 10 continued...
MERTHYR TYDFtL MINISTRY AREA NOTES TO THE FINClAL STATkMkf4TS- continued OR'I'HE YEAR EJI DED 31 DECEMBER 202 OTHER TRADING ACTIVTfiES Fui)draising events Rents received Funeral$ Wedditw Mission income Fee Ineom¢ 20,041 6,554 17,448 835 130 777 45.785 INNTSTMENT If4COI¥IE Deposit account interest 2.016 CHARtTABI.F. ACTivrrJF.S COSTS Svpport costs (see not¢ 6) Direct Costs Totals Parish Activities 296,352 3,600 299.952 SUPPORT COSTS Governance ¢osts Parish Activities 3,600 Support costs. included iu the above. are As follow3: Parish Activities Ind¢p¢iident Examiners, temuneralion 3.600 TRUSTEES, REMUNERATION AND BKNEFrrs No ¢rustee is employed by the chariry. No trte¢ re1Ve Temuntion or other financial benefits from their rol¢$ as trustees. Trustees expenses There were no ¢nlee8, expell8 paid for the ytrdr cnded 31 Dcc¢mber 2023. Pagell Continu..
MF.RTHYR TYDFIL MINtSTRY AREA NOI"ES TO THE FtNAliCtAL STATEhlENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 STAFF COSTS Wa8¢5 and 8alaLies 1,884 1,884 The avernge mollthly nunJbeT of employees during the yeor Vds as follows.. Administrator No employ¢ Teceived emoluments in ex¢w of £60.0J. Th¢r¢ are no higb paid Staff. Included in the above is ¢nll)loy¢rs national Insur contribuiions AnUnting to £Nil. Th¢ key managemeni personnel of th¢ ¢harity 8re the trustees.The totsl employee benefits of th¢ key persoDfAel of the charity were £Nil. CREDITORS: AMouNfs FALLING DUE WTlItN ONE YEAR A¢cNed ¢xpens¢s 5,102 io. CREDITORS: A%fOUNTS FALLING DUE AER NIORE THAN ONE YEAR Loan from Parishion¢r i 0,000 ANALYSilS OF NET A&SETS BETWEE.N FUNDS unrestri¢Ll FutMIs Re51TiCted Funds 2023 Total FurLd5 Net Current Assets Long term liabilities 237,197 (10,000) 6.545 243,742 (10,000) 227,197 6,545 233,742 Page 12 continued...
MERTHYR TVDL MJYYSTRY AREA TE THE FLJANCIAL 8TATEMENTS- continued FOR THE YEAR ENI)ED 31 DECEVI JBER 2023 12. MOVEMENT IN Fuf4DS Net movenKnt in fi]nds TrdnsfeT5 between 6Jnds At 31112123 Unrestrlcted funds lerthyr Tydfil c71St Chur¢h St Johns ChuTcb.Troedyrhiw Parish of Dowlais St hQLry & The Holy Innoccnts St Tydrils Church St DaNids Church The ChurLh of St P¢t¢r & Paul Merth)T Tydfil Ministy Area Mcrth>T Tydfil Christ Church (De¢ootion Fund) St Dayids Church IBuildll]8 & Contingencies Fund) Sl Johns a)ureh Troedyrhiw{Re8torauon Fund} 73,491 12.774 63,014 10,594 9,288 26,748 10,966 13,187 (24,5451 1,777 5,180 48,946 14,551 68,194 10,594 9,288 5,018 10,966 13.187 (21,7301 23,500 23,500 21,730 21.730 1,223 1,223 220,062 7,135 227,197 Reylrlcted fund& Mcrth)r Tydlil Christ Chur¢li (Clw) Mcitliyr Tydfil Christ Church (Or8an Fund) St.Johns ChurchTroedyrhiw (Clw Mertliyr I'ydfil Christ CTrur¢h ICSW Ca} Parish of Dowlais (New D¢)ots) Fund 4,000 (4,000) 6,545 (3.000) (1.500) {5,180) 6,S45 1.51XJ 5.180 13,680 (7,135) 6,545 TOTAL FUNDS 233.742 233,742 Page 13 continued...
L•ERTHYR TYDFIL MTYISTRY AREA THE FI_NANCIAL,STATEMENTS- contlnued FOR THE YEAR EhDED 31 DECEIllBER 2023 12. MOVEVJEP4T IN FUNDS. CODdDued Net movement in bJod$, in¢luded in the abovc are as follow8: lucoming resources Resources expended Movement in fiJnd$ Unrestrlcted funds Merthyr Tydfil Cbrist Chitr¢h St Johns Chur¢hTro¢dyrt)iw Parish of Dowlai5 St Mary & The Holy Intmxents St Tydfils. Church St David5 Church The Church of St Peter & Paul Merth)r Tydfil Ministry Area 152,821 34,763 111251 20,S22 69,161 83,030 27,148 21,318 179,33(1) 121.989) 148.2371 19,928) 159,873) 156,282) 116,182) (8.131) 73,491 12,774 63,014 10,594 9,288 26,748 10,966 13,187 520,014 1299,952) 220,062 ReslrJ¢ted funds Mcrth)Y Tydfil Chrisi Church {ClW) St.Johns Chur¢hTru¢dyrhiw (Clw) M¢rth)T Tydfil ChTiSi Churcb (CIW Camera) Parish of Dowl&is (New Door8) Ftmd 4,000 3,000 1,500 3,180 1.5tKJ 5,180 13.680 13,680 TOTAL FUNDS S33.694 {299.952) 233,742 Dislgnated Funds Desi8noted fijnds represoni th¢ amounts s¢t aside for specific prOjts oui of unreslricted reserves.. ANalysls of De518llAted FuDds 2023 MerthiT Tydfil Christ Chiirch Itkcorntion Fund) SL Davtds Church (Building & Conting¢t]CiC5 Fulld) St Johns Chllh Troedyrhiw (Restoration Fund) 23,500 21.730 1.223 Designated fund5 46,453 R¢5trl¢led funds Reswicted funds. repruent balances held to fiwd projKts where the Tesources have been received and are required by the dtsnor5 to fiu a swific projecL Tran5fer8 between fuDds Trat]sf¢rs betweell funds arise where unrestricted ffijnds Ive been Sed to fithd shortfalls in restricted projects. The free reseLves are available to provide fun(Ls to cashflow proj¢¢ts fundeAI on a retrospective basi5 and are availabl¢ with the appr(>val of the trustees to fvnd any expenditute on projects or expensES vthich fall within th¢ or8onisations general ainls and objectives. They are accutrjulated in accordanc¢ with the reserye policy a8 slaied in the Trustee Report. Actlvltles undertaken major restricted fund Page 14 continued...
MERTHYR TYDFIL MIPUSTRY AREA OTES TO THE FTh AlCtAL TATEMEN THE YEAR EliDED 31 DECEMBf.R 2023 12. MOVEMEprf IN FUNDS- eDntlthu¢d The Testricted funds of the charity h&v¢ been appli¢d during th¢ year or orc held for fvturc expuIdire in the followin8 area.. Merthyr Tydfll Chr15t Cburch (Clw Contrtbuiion towdrds Tjew photo¢opi¢r. prin¢ing and printing costs. Merthyr Tydfil Christchurch (CtIV clr) This was grant fijnding lor camera equipment for the Parish. SLJohn$ Church Troedyrblw ICIW) Contributioo towards the cosi of rcpairs a window. PArlsh of DowlAls IN¢w Doors) Contribution to di¢ Costs of llew doors) 13. RELATED PARTY DJSCLOSURF.S Reslllar givings and donations by Trusiee4 together yryth reimbursed expens&s are not consider¢d a rclucd paty transac¢iLin due to both their size and nantr¢ )d as they are ¢ollsidercd to be an inte411 part of the nning of th¢ churches within the Ministry Ar¢A. 14. Gs IN KIND Th¢ Val of volunteer time is noi quaniified in ternL8 of tTh)ney but th¢ tim¢ ¢Ontributed by volunteers is an invaluable resource in ternLS of the outstandin8 contributioll mad¢ by ther Th¢ numb¢r of hours ¢onuibuted by Volunteers in the y¢ar was considerable and canttot b¢ quantifi by tlie tNstees. Page 15
MERTHYR TYDFIL MINISTRY ARKA DETAtLED ST.4TEMENY UF" F.1.).NCIAL AcfivITIES FOK THE YEAR EhDED 31 DECEMBER 2023 INCOME AND EF*l)OIVMENTS Dontttlons And I¢E4des Donations Gift aid Grattts Planned Giving Loose Collections 34,821 19,668 13,680 100,349 8,144 176.662 Other tradlng 8¢tlvltlcs undraising events Rents reeeived Fuu¢ral$ Weddiii8S Mission incom¢ Fee Income 20,041 17,448 835 130 777 45,785 Investment Income Dep(iliit accL)Unt int¢rest 2,016 Otlier Income Other income Quota rebaie from Diocese Exceptional items- M¢r8er of Parish¢8 15,149 16,827 277,255 309,231 Totol IncomlnR reSOTc¢S 533,694 EXPENDITURE Charltable &etIlIeS Wa8es Other pansh cos15 Repairs and Maillienanee Donations Parish Shar¢ utilities and Insurance ¢t¢. Organist and Verger costs Clergy expen8es 1,884 24.759 78,395 5,188 135,630 31,960 5.345 13.191 296,352 This page does not form part of the statutory fiDaucial stst¢rnents Page 16
DETAtt.F.D STATEMEJT OF FINANCJAL AcrtvrrtES R TItL YE ENDED 31 DECEMBER 2023 Support co8¢s GovernAnte costs Independent Examiners, r¢mun¢ration 3,600 Total resowce5 expended 299,952 Net Income 233,742 Thi6 page does not form part of the stathtory fillancial statements Pag¢ 17