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 Re￿rtIng 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¢ ¢¢[in￿nICal food bank has bee￿ literally. a life saver &$ b&$ the Baby Bank where there have b￿n 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￿ b￿ance on all Merthyr Ministy Area P2ri$h Funds.
Th¢ ¢harity aims to increase this level in order to Subsidi￿ ally excess cxpendittre over in¢ome and enable the ¢ontinuance
of the charitable objeciives in fortbcoming years.
The trustees ar¢ aware that a reserv¢8 policy needs to be in p]¥¢ and inlend to develop such a policy over the coming
STRLCTURE, COVERNANCE AND MANAGEMEYr
GovernlDE dtseumtnt
The charity is coiiti'olled by its 8ov¢rning documeni, a deed of tsu8t And constilutes an urtin¢orpor4t¢d chaiity,
The Constitution of the ¢h￿lty was adopted on 22nd Julle 2023..
The Mintstry Area is an UllitrOTPOrnted charity, registered in Enwand & Wales with the Charity Commission.
The Ministy Area is an amalgamation o( local chwcbes as pErt of the Diocese of Llandaff of th¢ Province of the Church in
W8le8,
It 1$ 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 MIn￿trY 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> (resi￿d 23.4.23)
D Cox (appointed 23.4,23)
C T. Joncs (appointed 24.4.24)
E Lewys (ap￿inted 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 EX4￿￿ER'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¢ Tn￿t} for the y¢ar
ended 31 December 2023.
Re5pon$lbllltles and basls of report
As the clwity tLWtees of the Trust you are responsible for the p￿paration of the accounts in accordan¢e with the
requirenwits of the Chariucs Act 2011 Ilhe ACV).
I report in respect of my examination of the TNSVS accounts carri¢d out und¢r S¢ctioD 145 of the Act and in ¢arryiDg out my
examination I have follow¢d all applicable Direetiotss giv¢n by th¢ Charity Conllnission under Section 14515)Ib) of thc Act.
Independent exfimlner'$ 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 r￿p¢¢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 W￿L¢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 ¢l￿ble 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 actl￿tIeS
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 staten￿ts
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¢P￿rd 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¢a*d a$ deterred income.
Deferred income: Income or grnnts re¢¢ii.d in advan¢¢ h¢ld &s dcfured inconie and carried fi)rW￿d 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 ¢omplc*d, 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 do￿led 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 eX￿nditUre to whi¢h it rclates:
Costs of gener8tJJJg fu￿d$ include the costs awciated with attracting volulltary incotne thd the costs of trading for
ndraising purposes.
Charltable expendlture comprises thDse costs i￿urred 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 ts￿ste¢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 llatt￿e alld purpos¢ of ¢aeb fvttd 1$ ith¢luded iti the no￿ to the financial s￿leMents.
Debtors and creditors recelv*blelp*yAble 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
Uncer￿L￿tiCS 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.
DONATIO￿5 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 FIN￿￿ClAL 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 tr￿te¢ re￿1Ve Temun￿tion or other financial benefits from their rol¢$ as
trustees.
Trustees expenses
There were no ¢n￿lee8, expell￿8 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 £60.0￿J.
Th¢r¢ are no higb paid Staff.
Included in the above is ¢nll)loy¢rs national Insur￿ contribuiions An￿Unting 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 A￿ER NIORE THAN ONE YEAR
Loan from Parishion¢r
i 0,000
ANALYSilS OF NET A&SETS BETWEE.N FUNDS
unrestri¢L￿l
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 TVD￿L 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 c7￿1St 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 prOj￿ts 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 Chll￿h 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 I￿ve 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 MIP*USTRY 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 expuIdi￿re in the
followin8 area..
Merthyr Tydfll Chr15t Cburch (Clw
Contrtbuiion towdrds Tjew photo¢opi¢r. prin¢ing and printing costs.
Merthyr Tydfil Christchurch (CtIV cl￿r*)
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 inte￿411 part of the n￿ning of th¢
churches within the Ministry Ar¢A.
14.
G￿s 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 reSO￿Tc¢S
533,694
EXPENDITURE
Charltable &etI￿lIeS
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