4RcHES
Monmouth Marches Ministry Area
Report and Financial Statements
For the Year Ending 31 December 2024

Monmouth Marches Ministry Area
Report and Financial Statements
For the year to 31 December 2024
Index
Page
34
Trustees, Annual Report
Indepondent Examln•rs' Report
Statament of Flnanclal Actfvrtl•8
9-10
11
Balance Shoet
12-13
Dotallod Incom• and Expendlturn
Nots8 to the Flnanclal Statement
1*17
1&19

Report of tho trustses for the perlod ended 31 •1 December 2024
The Trusteés present their r8POrt trKJether with the financral statements of the charity for the period
ended 31" De￿mber 2024. The financial ststements have been prepared in accordan￿ with the
accounting polioes set out in the notes and compty with the charities constitution and applicable
law.
Charlty nam• and number.
Monmouth Marches Ministry Area
Charlty Reglstratlon NUm￿r".
1203832
Addre88.'
St Thomas Church Hall, St. Thomas Square, Monmouih. NP25 SES
Indepèndent Examlner.
Cole & Co. A¢¢ounlants
4 The Sheepcote,
Monks Orchard Farm,
Lumber Lana,
Lugwardine,
Hereford,
HR14AG
Introductlon
On December 10th 2022. the Monmouth Marches Mlnlsty Area became a legal enlity by decree
signed by Monmouth Di(￿eSe Registrar Timothy Russen arKI came into effect on 1 st January
2023. On July 4° 2023, registration with the Charity Commission was (x)mpleled.
Structur8. govemance and management.
The Representative Body of the chU￿h in Wales holds the land and propety of the Church in
Wales. they are an exempt Charity set up under S8Ction 13(2) of the Welsh Church8s Act 1914.
They act on behalf of the promnce in pawng the stipends of th8 fulktime dergy and administering
the Church in Wales's scheme of gift ald.
The Ministry Area Council acts as Parothial Church Council and Charity Trustees for the entire
Ministy Area. It is not a body cx)rporate. and its composition, procedure and powers are regulated
by the Constitution of the Church in Wales.

The Trustees have followed appropriate guidance from the Charity Commission In its operation
and reporting arrangements.
The Ministry Area comprises the following thurches:
St Catweg
Cwm(arvan
St Dingat
Dingestow
St Oudoceus
Llandogo
St Michael & All Angels
Uanfihangel Tor y Mynydd
St Michaal & All Angals
Uanfihangel Ystom Llewyn
st Dennis
Llanishen
St Tysoi
Uansoy
St Michael & All Angels
Mitchel Troy
St Mary
Monmouth
St Maughan
St Maughans
St Thomas
Overmonnow. Monmouth
St Martin
Penydawdd
Old St Mary's Church
Penatt
St Cenedlon
Rockfield
St Michael & All Angels
Tintem
St Nicholas
Trelle
Trell8¢h Grange Chur
Tr8llech Grang8
St Mary
Tregaer
St Wonnow
Wonastow
There a￿ three further churchyards: Sl Marfs, (Tintem). St Govan {Ll8ngov8n) 8fKI Ll8ngattock
whose churches are closed and th8 Ministry Area has some level of responsibilty. St Mary's
church is a ruin followlng a fire wlth the churchyard belng malntalned by St Mlchael's Church
ntern. LlangattcK* church Is owned and maintained by Frlends of Friendless churches.
Adjacent to St Mary's Church, Monmouth is Monmouth Prlory that has an office and 3 publlc
rooms while close to St Thomas, Church is the Ty Price Communty Hall with four public rooms
and an office. Both centr8s are vlbrant centres used to develop Christian outreach as well as
belng available for hlre. The Ty Prf¢e office is the administrative base for the Ministry Area.
The MAC comprfses the Mlnlstry Area leader. sts'perKliary dergy. a lay thair, Rector's warden,
treasurer, secretary and 17 oth8r church representatives elected from each church in the Ministry
For 2024 the trustees were:
Clergy members
Rev'd rim Dack (MAL)
Rev'd Dan Damon
Rev'd Dr Catherine Hayn8s (to 26.09.24)
Retyd Ka￿n Dack
Rerfd Liz Perry

Lay members
Chris Wray (lay chair)
Stephen Marb'n (treasurer) ((J>opted)
Robin Gibson
Charles Meldrum
Sue Hughes
Stephen Hunter (from 27.04.24)
Richard Harbottle
Pat Lacy
Jane Akitt (from 25.01.24)
Andy Langton
Cath Godfrey (rector's warden)
Liz Williams (secretary)
Jill Rundle
Nigel Smith
Mary Roden (to 27.04.24)
Heather Richards (from 27.04.24)
Martha How@Ils
Glyn Edmunds
Ray James {c￿opted) 27.06.24- 28.11.24)
Anne Porter
The followlng served on the Standing committee:
Rev. Tim Dack, Chris Wray, Steve Martin, Cath Godfrey. Uz Willlams
During 2024 we held five MAC meetings. and Annual Vesty Meeting and various standing
committee méetings together with many other Su1￿COMmItte6 meetings.
In mid-2024 the recorded average Sunday attendance at the churches In the ministry area was
243, a reduction of 12 from 2022-3.
Publlc benefft
The chariiy seeks to promote the whole misslon of the church, pastoral, evangelistic, social and
8cumenical within the Ministry Area in work with Childrenfyoung People, Eld8rlylold People,
People with Disabilities. and the general public through the provision of..
8uildingslfacilits.eslopen Space and Advoc*cyladvicelinfonnation.
Places of worship
Generally advanclng the religion
Educating people about the religlon
Pastoral care. outreach
Mlsslonary. evangelical activty
Providing or maintaining buildings used for religious practices
Conducting religlous ceremonies such as the celebra￿n of marriages or funerals
Maintaining public Churchyards and other public religrous burial pla￿S
Raising awareness of religious beliefs and practices
Aim and Purposes
The Monmouth Marches Ministy Area ￿UnCIl {MAC) has the resp)nsibility to promote thé whole
mission of thè Church, pastoral. evangelistic, srxial and ecumenical.
The MAC officers and trustees including the Ministry Area Leader, Reverend TITnothy Dack
together with two other stipendiary dergy and tsvo 'House for Duty. priests, lead the MAC and work
with a team of rK)n-stip8ndiary clergy with Pemiission to Offiaate and ILral church officers and
members.

The MAC is specifically responsible for the maintenance of nineteen churches and some
responsibility for 3 addibonal churchyards as listed atK)ve together with Ty Price Hall.
Overmonnow and Monmouth Priory at St Mary's Monmouth.
We have close links with Church in Wales SclKX)I, Osbaston Primary School in Monmouth.
Obje¢tlves and Activities
The MAC is ¢ommitted to enabling as many people as possible to worship in our churches and to
build on the ex￿lIent work already in existence throughout our area prior to the formats'on of the
Ministy Area. Tha MAC has spent much of 2024 Continuing to dévelop and implement accounting
systems (Myfund8ccounting) a human rèsources policy; churchyard policy. prccedur8s for faculty
applications and new systems for apportioning the ￿$t of ministry and for clergy expenses. It has
also taken over responsibility for Insuran￿ from the churches.
The day to day running of ead) church is largely delegated to individual local church councils
(LCCS) with the legal responsibility for each church r8sting with the MAC.
Achlevements and Porfomiance
We are proud of what we have achieved. The 19 churches have come together to work
cooperatively across our large rural area. Trust has been built and friendships fomied.
Of particular note:
The MAC and church reP￿SentativeS attended a series of stewardship V￿rkshopS to ralse
awareness of engaging with our Ix)mmunities and effective fundraising.
Church members have atterKled training for pastoral vislts'ng and leading worship.
A full mlnistry area celebrats'on service was held at Trellech in June attended by about 140
people.
New outreach activibes have tak6n place In Whitebrook and elsewhere wlth many vlllage
events from brealrfast sep4ices. ￿)nCerts. Pet services, carol services etc.
St. Tysoi church at Uansoy completed a major project to replace much of the church roof,
other repairs and improving paths in the churchyard.
Other churches have instslled enntsctless ￿rd re8der5, now prol8Ction equipment and
made other improvements.
Flnanclal R•vlew
The increasing cost of Ihe 'ministry shares. that has to be paid to the Monmouth Diocese has been
challenge for several churches but the Ministy Area was able to make all the quarterfy
payments to the Diocese in full and on time. The Finance Committee members and all the church
treasurers have helFed get systems up and running and shown a positive spirit despite the
difficulty of tying to keep things ￿Mple.
After preparation by local church treasur8rs and the Ministry Area bookkeeper, the Independent
Examination of Accounts for 2023 was completed without significant issues arising.
Th8 insuranc8 of the Ghurches and other buildings has been transferred frorn the individual
churches to the Ministry Area from Sept8mber 2024.

The systems for lo(21 churches payng their contributions to the ministry share. clergy and property
expenses, and insurance costs are now estsblished and working w811.
The Ministy Area employs a BookkeeperlAdministrator working 12 hours per week and funded
through a grant from the DI0￿Se and the rebate on ministy share that is received for prompt
payment. In addition. the Ministy Area is the employer for a cleaner for St Thomas Overmonnow,
caretsker for Ty Pri￿ Community Hall, cleaners for St Marfs, Monmouth and Monmouth Priory. a
Priory Manager and the St Mary's Director of Music.
W& ended the year wilh total funds of £1,542.940.82. a reduction from £1,844,559.58 at the end of
2023. Thls was largely due to the Comp￿tion of works at St Tysoi, Llansoy.
The Ministry Area has beneffted from accumulated interest payments on a Church In W81es trust
fund whith amounted to £28.224 received in October 2024.
While some of our thurches are in a heatthy finanual posrtlon. s8veral of our churches face
difficult financial situations. It is gcM)d that some have been helped by our new Ministy Shar8
allocation system and Diocesan Ministy Share Support Funds.
Assets
Th8 church buildings. th81r ¢￿tentS and the thurchyards within the Ministry Area are vested in the
R8presentative Body of the Church in Wales and do not fomi part of the assets of the Ministry
Area
Reserves Pollcy
The finandal assets of the ministy area are maintained at a local church level, wlih a central bank
account belng used to receive and make payments for ministy share. dergy expenses etc. and for
C8ntral administrative costs.
The Ministry Area Council (trustees) retains ovèrall responsiblllty for all the finances and
Investrnents of the charity. This is exercised by the trustees and the Flnance Commlttee.
It Is the policy of the Ministy Area Council for churches to hold sufficient available current funds
and uncommitted reseNes lo deal with any signrficant changes to income and expendlture and
reasonable repair and maintenance costs Induding those arising from quinquennial building
nspeclions. At present there is a significant variation in the levels of unrestricted and restricted
funds at different churthes. During the coming year the Finance Committee will work with local
churches to dev81op a mre appropriate policy which reo)gnises the diffe￿nt types of ¢hurch8s in
both congregation numbers and size of buildlngs.
Risk Review
The Ministry Area Couneil (MAC) is roswngiblo for ensuring that review8 of all major ri8k8 are
considered and Ihat wherever possible, systems have been established to mitigate these risks.
The main risks facing the Charity indude the stste of repair of the churches. churchyards, church
halls,. the financial requirements lo meet its stated activities. and the capacity of church members
to maintsin and develop some of the thal thurches.

Each local church is encouraged to Conduct a review of its own risks.
The Ministry Area has adopted the Church in Wales safeguarding policy and GDPR policy.
Safeguarding and Health & Safety are reviewed at every meeting of the MAC. There have been
no serious incidenls or other matters relating to this charity over the previous financial year that we
should have brought to the attention of the Charity Commissioners.
Adminlstratlve Infomlatlon:
Th8 MAC employs a part time bookke8p8r who has spent much of her tlme working closely wlth
the MAC treasurer and10¢81 church trèasurers to implement the Myfundaccounting system.
Two individual churches have staff, employed by the Mlnlstry Area. During 2024, the ministry area
had an average of sevon part-time staff. Apart from these and stipendiary clergy, all other roles are
undertaken on a voluntary basis.
Declarations
The trustee$ declare that they have approved the trustses, report above.
Slgned on behalf of th• charfty'8 tru8lees
Slgnaturo(8)
Full name(s)
Revd. Tlmothy Dack
stephen Marts'n
Posltlonlog
Secretary, Chalr,
etc)
Chair
Treasurer
Data
5th April 2025
5th April 2024

CHARITY COMMISSION Independent examiner's report on the
FOR ENGLIND AND WALES
accounts
Report to the
trustees
Monmouth Marthes Ministy Ar8a
3141 December 2024
On accounts
for the year
•ndod
Charlty
no (If
any)
1203832
Set out on
pages
I report to the trustses on my examIna￿n of the acwunts of the above charity ('the
Trusfi for the year ended 3111212024
Rosponslbllltle As th6 chartvs trustees. you are responsible for the preparation of the accounts in
• and bas[• of
accordance with th8 requirements of the Charrti08 Act 2011 Ilhe Act").
report
I report in respect of my examinatK)n of th8 Trust's acrA)unts ¢arried out under section
145 of the 2011 Act and in carying ¢Jut my examination, I have followed all the
applicable Direcknons gr￿n by the Charity Ccrfnmlsslon under sectlon 145{51{bl of the
Independent
examlnerfs
statement
The charity's gross incom8 exceeded £250.000 and l am qualified to undertake
the examination by being a qualtfied member of Association of Chartered
Certlfied Accountants.
I have completed my examination. I confimi that no malerial matt8rs have come
to my attention in connèction with the examlnation (other than that disclosed
below ') which gives me cause to beliov8 tt)at in. any material respect:
the accounting re￿rdS were not kept in accordance with saction 130 of
the Charrties Act: or
• the accounts did not ac￿rd with the a¢¢ounlng re￿rds. or
• the accounts did not comply with the applicable requirements concerning
the form and ￿nIent of accounts set out in the Charities (Accounts and
Reports) Regulations 2008 other than any requirement that the accounts
give a 'true and fair, view whlch ts not 8 matter considered as part of an
independent examination.
I have no concems and have come across no other matters in connection
with the examination to which attention should be drawn in this report in order
to enabte a proper understsnding of the accounts to be reached.

Slgned".
Name:
Michael Cole
Relevant
professlonal
quallfication{s)
or body (If
any):
Addrnss:
ACCA
Cote & Co. 4 The SheeFwte. Monks Ihhard. Lumber Lane,
Lugwardina. Hereford HR14AG
Section B
Disclosure
Onty Complete rf the examiner needs to highlight material matters of conc*m
(see CC32. Independenl examination of charity a￿oUnts. direcuons and
guidance for examiners).
Glve here brlef detalls
of any ttems that the
•xamlner wlshas to
dlsc108•.
10

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Statemomi of Financlal Activiti
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17

ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of th@ charity. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Ststement 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 Flnancial Reporting
Standard applicable in the UK and Republic of Ir81and' and the Charitles Act 2011.The financial
statem8nts have been prepared under the historical cosl convention with the exception of
investments which are included at market value.
Income
Recognltlon of Incomlng resources
These are included In the Stst8m8nt of Flnancial Actlvltles (SOFA) when:
The charity becomes entitled to the resources.
The trustees are virtually certain they will receiv8 the resources. and
The monetary value can be measured with reliability.
Grants and donatlons
Grants and donations ar8 only Induded in the SOFA when the charlty has uncondltlonal
entitlement to the resources.
Tax roclalms on donatlons and glfts
Incomlng resources from tax reclalms are Induded In the SOFA at the same tlme as the gift to
which they relate.
Inva8tm•nt Income
Th18 Is Includéd In th8 accounts when recelvabla.
Invostmont galn8 and108S08
This includes any gain or loss on the sale of investments and any galn or loss resulting from
revaluing investments to market value at the end of the year.
Expendlture
Liabilities are recognised 88 exp8nditur8 as soon as there is a legal or con8tructiV8 obligation
committing the charity to that expenditur8, it is probable that a transfer of economio benefils wlll be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
a¢¢ounted for on an accruals basis and has been dassified under headings that aggregate aa cost
related to the category. Where costs cannot be directly attributed to particular headings, they have
b88n allo¢aled to activities on a basis conslstent with the us& of ￿sourCes.
18

Tanglble fixed assets
The churGh buildings, their contents and the churchyards within the Ministy Area are vestéd in the
Representstive Body of the Churth in Wales and do not fomi part of the assets of the Ministy
Area.
Relatsd Party Transactlons
No remuneration was paid to any of the Trustees in théir capacity as Trustees In this perfod.
Investment assets
The investments w8re introduced to the trust at their cost price which had b8en the practice of the
trustees before the amalgamation into the Ministry area. They have, however, been valued at
market value at the end of the period and any gainsl{losses) arising during period from that
starting polnt have been induded as movements during the ojrrent period.
Fund accountlng
Unrestricted funds can be used In accordance wlth the charitable objectives at the discretion of th8
trust88s.
Deslgnated funds have been set aslde by the trustees of general funds for partlcular purposes.
They may be withdrawn from designated funds at the dlscretSon of the trustees to b8 used in the
general charitable objedives of the trust
Restricted funds can onty be used for particular restricted purposes wlthin the objects of the
charty.
R8Strictions arise when speafied by the donor or when fund8 are ra*ed for particular restricted
purposes.
Details of the nature and purpose of each fund is induded In tholr nomendature In the financlal
statements.
19