The Welsh Church Act Fund within
the areas of
Rhondda Cynon Taf, Bridgend
and Merthyr Tydfil
County Borough Councils
ANNUAL REPORT
AND FINANCIAL STATEMENTS
2023124
Registered Charity no. 506658

Welsh Church Act Fund 2023r24
Annual Report 2023124
Contents
Page
Report of the Trustee
Statement of the Trustee's Responsibilities
Report of the Auditor
Statement of Financial Activities
13
Balance Sheet
14
Statement of Cash Flows
15
Accounting Policies
16
Notes to the Statement of Financial Activities
18
Notes to the Balance Sheet
21
Notes to the Cash Flow
23
Page 2 of 23

Welsh Church Act Fund 2023r24
Re
ort of the Trustee for the Year Ended 31•1 March 2024
to Pre
are Annual Re
orts and Accounts
Rhondda Cynon Taf County Borough Council, as trustee. is responsible for the preparation
of the Annual Report and Accounts for the Welsh Church Act Fund.
The trustee presents its report along with the financial statements of the charity for the year
ended 31 sl March 2024. The financial statements have been prepared in accordance with
the legal requirements contained in the Charities Act 2011, the Charities (Accounts and
Reports) Regulations 2008 (SI 2008 No 629) and the Charities Statement of
Recommended Practice 2019 (FRS102).
Le
al and Administrative Information
Name of Charity
The Welsh Church Act Fund within the areas of Rhondda Cynon Taf, Bridgend and Merthyr
Tydfil County Borough Councils.
Charity Number
506658
Governing Document
Trust Deed
Trustee
Rhondda Cynon Taf CBC, as a corporate body. is the trustee of the Welsh Church Act
Fund.
Method of Appolntment
Upon becoming a Member of the Council, Councillors become a trustee of the Fund.
Chief Executive
Paul Mee
Prlnclpal Offlce
Rhondda Cynon Taf CBC, Llys Cadwyn 2, Pontypridd,
CF37 4TH
Auditors
Audit Wales, 1 Capitsl Quarter, Tyndall Street. Cardiff, CF10 48Z.
Bankers
Barclays Bank PLC, Leicester, Leicestershire, United Kingdom, LE87 2BB.
Page 3 of 23

Welsh Church Act Fund 2023r24
COIFS (Charities Official Investment Fund)
Managed by CCLA (Churches. Charities and Local Authorities) Investment Management
Ltd.. 1 Angel Lane, London, EC4R 3AB.
Solicitors
Legal and Democratic Services, Rhondda Cynon Taf CBC. Llys Cadwyn 2, Pontypridd.
CF37 4TH.
Investment Managers
There is no contract with any advisor and no annual fees are charged. However, advice is
sought on an ad-hoc basis.
Narrative Infomiation
Constltutlon and Objectlves
Lloyd George, under the provisions of the 1914 and 1919 Welsh Churches Acts,
established the Welsh Church Act Fund. These two acts transferred certain categories of
secularised property to a Welsh Church Act Fund to be administered by the County
Councils, however, these funds were not activated until 194247, when propety to the
value of almost £2.5m was handed over to the County Councils.
The Welsh Churches Acls state that income of the funds should be devoted to charitable
or alms giving purposes and that each Council is required to prepare a scheme for the use
of the fund.
The Welsh Church Act Fund within the areas of Rhondda Cynon Taf, Bridgend and Merthyr
Tydfil County Borough Councils still operates under the constitution of the Mid Glamorgan
Welsh Church Act Fund. The original trust deed is dated 9th January 1976 and the
regislered charity number is 506658.
The charitable purposes to which the fund may be applied are:
Educational
Relief in sickness
Relief in need
Libraries, Museums, Art Galleries, etc.
Social and recreational
Protection of historical buildings, etc.
Medical and social research, treatment, etc.
Probation, etc.
Blind persons
Aged persons
Places of worship and burial grounds
Emergencies or disasters
Other charitable purposes
These purposes are consistent with the Charity Commission's guidance on public benefit.
Page 4 of 23

Welsh Church Act Fund 2023r24
Organisation
All the Councillors of Rhondda Cynon Taf CBC act as trustee of the Welsh Church Act
Fund. As the Fund covers the areas of Bridgend and Merthyr Tydfil as well as Rhondda
Cynon Taf, the trustee consults with representatives from these County Borough Councils
on suc￿Ssful applications within their localities.
Where appropriate an induction and appropriate training is provided to councillors and
any responsible officers which deal with the Fund on behalf of the Trustee.
The charity trustee has complied with the duty in the Charities Act 2011 to have due regard
to guidance published by the Charity Commission.
Related Parties
A related paty transaction is one where the charity has a relationship with another party,
which might inhibit it from pursuing its own separate interests. It is considered that Rhondda
Cynon Taf CBC, Bridgend CBC and Merthyr Tydfil CBC and all Trustees of the Fund have
related party relationships with the charity. Transactions with related parties are disclosed
in Note 4 to the Statement of Financial Activities.
Grant Maklng Pollcy
Organisations are invited to submit applications together with estimates, accounts and
constitutions. One or more of the purposes mentioned previously will cover successful
applicants. There are specific restrictions applied around these general categories which
are as follows:
Students are not eligible as it is considered that the County Borough Council's
education policy already covers the most worthwhile cases.
Individual cases of relief in sickness will be referred to by the County Borough
Council's Community & Children's Services Group.
Individual cases of relief in need will be refused, as any provision in this area should
be the responsibility of the Department for Work and Pensions.
However,
applications from organisations working towards relief in need will be considered on
their merits.
No grant will be made towards organisations with an alcohol license.
No grants will be made toward projects operating outside the areas of Bridgend,
Merthyr Tydfil and Rhondda Cynon Taf.
Applications will be considered from organisations based outside the areas of
Bridgend, Merthyr Tydfil and Rhondda Cynon Taf provided that the work of the
organisation has local significance.
To be eligible, organisations should ensure their facilities are open to the public at
large. Any assistance given will be towards project expenditure of a capital nature
only. Revenue costs such as running expenses will not be supported. Welsh Church
Page 5 of 23

Welsh Church Act Fund 2023r24
Act Fund grants will not be paid up front. Grant will nonnally be paid on completion
of the project, on submission of invoices and bank statements to eviden￿ the
expenditure.
Welsh Church Act Fund grant limits during 2023124 were:
Grants under £2,000 did not require match fvnding, granls exceeding £2,000
required a minimum of 10 % match funding and grants exceeding £10,000 required
a minimum of 200/0 match funding from non-welsh Church Fund sources. Maximum
grant available was £50,000.
Details of the Grant Making Process
When projects are fully developed and ready for a decision, recommendations are made
by officers via a Grant Assessment Report. Decisions to accept or reject these
recommendations are made by the Regenerab"on Manager in consultstion with the Cabinet
Member and following consultation with Bridgend and Merthyr Tydfil County Borough
Councils.
Revlew of Flnanclal ActSvStles
The Statement of Financial Activities for the year is set out on page 13. A summary of the
financial results are set out below:
Investment income during the year totalled £365k (£378k in 2022123). Expenditure on
charitable activities totslled £517k {£470k in 2022123), and govemance costs of £6k were
incurred (£4k in 2022123). Net incoming resources less resources expended amounted to
a deficit of £158k (Net incoming resources less reSoUr￿S expended amounted to a defi'cit
of £96k in 2022123).
During 2023124 the number of grant awards processed InC￿aSed from 40 in 2022123 to
47.
Net gains on the revaluation of Investments totalled £967k for the year (net losses of £572k
in 2022123.
Investment Pollcy and Performance agalnst Pollcy
The Trust Deed govems the trustee's investment powers. This permits the Charity's funds
to be invested in any authorised security listed on the London Stock Exchange. The trustee
has complied with this policy during 2023124.
The investment strategy of the Fund is to balance risk. Capitsl value is exposed to minimum
risk whilst ensuring investment income is sufficient to pay for approved grants.
Page 6 of 23

Welsh Church Act Fund 2023r24
Aims
We will continue to be a demand led grant making charity providing support where it is
needed.
Achievements and Perforniance
In line with the charity's objectives, grants of £485k were awarded in 2023124. Further
details are given in Note 2 to the Statement of Financial Activities.
Risk Management
The trustee is made aware of any issues with possible detrimental effects upon the Fund
as they arise. There were no such issues during 2023124.
The accounts are prepared in accordan￿ with the Host Authority's Corporate Govemance
policies such as Financial Procedure Rules, Contract Procedure Rules. Codes of Conduct
and Scheme of Delegation. The trustee is aware that investment values can decrease as
well as increase.
Page 7 of 23

Welsh Church Act Fund 2023r24
Statement of the Trustee's Responsibilities
The trustee is responsible for preparing the Trustee's Annual Report and the financial
ststements in accordance with applicable law and United Kingdom Accounting Stsndards
(United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustee 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
charily for that period. In preparing these financial statements, the trustee is required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP:
make judgements and estimates thal are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going con￿rn basis unless it is inappropriate
to presume that the charity will continue in business.
The trustee is responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to
ensure that the financial statements 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 tsking reasonable
steps for the prevention and detection of fraud and other irregularities.
The trustee is responsible for the maintenance and integrity of the charity and financial
information included on its website. Legislation in the United Kingdom goveming the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
By order of the Trustee
Signed:
On behalfofthe Trustee......................-.......................
Date.....
.1510112025...................
Page 8 of 23

Welsh Church Act Fund 2023r24
The independent auditor's report of the Auditor General for Wales to the trustee of
The Welsh Church Act Fund within the areas of Rhondda Cynon Taf. Bridgend and
Merthyr Tydfll County Borough Counclls
Opinion on financial statements
I have audited the financial statements of The Welsh Church Act Fund within the areas of
Rhondda Cynon Taf, Bridgend and Merthyr Tydfil County Borough Councils (the Fund) for
the year ended 31 St March 2024 under the Charities Act 2011.
The financial statements comprise the Slatement of Financial Activities, the Balance Sheet,
the Statement of Cash Flows and related notes, including the significant accounting
policies.
The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards. including Financial Reporting Standard
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practi￿).
In my opinion the financial statements:
give a true and fair view of the state of affairs of the chaiity as at 31 sl March 2024 and
of its incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the Charities Act 2011.
Basis for opinion
I conducted my audit in accordance with applicable law and Intemational Standards on
Auditing in the UK (ISAS {UK)) and Practice Note 10 'Audit of Financial Statements of
Public Seclor Entilies in the United Kingdom.. My responsibilities under those standards
are further described in the auditor's responsibilities for the audit of the financial statements
section of my report.
My staff and l are independent of the charity in accordance with the ethical requirements
that are relevant to my audit of the financial statements in the UK including the Financial
Reporting Council's Ethical Standard, and I have fulfilled my other ethical responsibilities
in accordance with these requirements. I believe that the audit evidence I have obtained is
sufficient and appropriate to provide a basis for my opinion.
Conclusions relating to going concern
In auditing the financial statements. I have concluded that the use of the going con￿rn
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work I have perfonned, I have not identified any material uncertainties
relating to events or conditions that, individually or collectively. may cast significant doubt
on the body s ability to continue to adopt the going cOn￿M basis of accounting for a period
of at least twelve months from when the financial statements are authorised for issue.
My responsibilities and the responsibilities of the trustees with respect to going concem
are described in the relevant sections of this report.
Other Information
The other information comprises the information induded in the annual report other than
the financial ststements and my auditor's ￿port thereon. The trustees are responsible for
the other infomiation contsined within the annual report. My opinion on the financial
ststements does not cover the other infomation and, except to the extent otherwise
Page 9 of 23

Welsh Church Act Fund 2023r24
explicitly stated in my report, I do not express any fom of assurance conclusion thereon.
My responsibility is to read the other information and, in doing so. consider whether the
other information is materially inconsistent with the financial statements or knowledge
obtained in the course of the audit, or otherwise appears to be materially misstated. If I
identify such material inconsistencies or apparent material misstatements, l am required
to determine whether this gives rise to a material misstatement in the financial stalements
themselves. If, based on the work I have perfO￿ed, I conclude that there is a material
misstatement of this other information, l am required to report that fact.
I have nothing to report in this regard.
Matters on which I report by exception
I have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require me to report to you if, in my opinion:
I have not received all of the infonnation and explanations I require for my audtt;
sufficienl accounting records have not been kept. or returns adequate for my audit have not
been received from branches not visited by my team;
the financial stalements are not in agreement wilh the accounting records and returns,. or
the information given in the financial slatements is inconsistent in any malerial respect with
the trustee report.
Responsibilities of the trustees for the financial statements
As explained more fully in the ststement of trustee's responsibilities, the trustee is
responsible for:
maintaining sufficienl accounting records;
the preparation of the financial statements in accordance with the applicable
financial reporting framework and for being satisfied that they give a true and fair
view:
intemal controls as the trustees detemiine is necessary to enable the preparalion
of financial statements to be free from material misstatement, whether due to fraud
or error;
assessing the charity's ability to continue as a going con￿rn. disclosing, as
applicable, matters related to going concem and using the going concern basis of
accounting unless the trustees anticipate that the serVi￿S provided by the charity
will not continue to be provided in the future.
Auditor's responslbilities for the audit of the financlal statements
I have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with regulations made under section 154 of that Act.
My objectives are to obtain reasonable assurance about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to issue
an auditor's report that includes my opinion. Reasonable assurance is a high level of
assurance but is not a guarantee that an audil conducted in accordance with ISAS (UK)
will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if. individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis
of these financial statements.
Page 10 of 23

Welsh Church Act Fund 2023r24
Irregularities. including fraud, are instances of non-compliance with laws and regulations.
I design procedures in line with my responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud.
My procedures included the following:
Enquiring of management, the head of intemal audit and those charged with
govemance, including obtaining and reviewing supporting documenlation relating to
fund's policies and prO￿dureS concemed with:
identifying. evaluating and complying with laws and regulations and whether
they were aware of any instances of non-compliance:
detecting and responding to the risks of fraud and whether they have
knowledge of any actual, suspected or alleged fraud; and
the internal controls established to mitigate risks related to fraud or non-
compliance with laws and regulations.
Considering as an audit leam how and where fraud might occur in the financial
statements and any potential indicators of fraud. As part of this discussion, I
identified potential for fraud in the following areas: revenue recognition, expenditure
recognition and the posting of unusual journals.
Obtaining an understanding of fund's framework of authoiity as well as other legal
and regulatory frameworks that the Fund operates in, focusing on those laws and
regulations that had a direct effect on the financial statements or that had a
fundamental effect on the operations of the Fund.
Obtaining an understanding of related paty relationships.
In addition to the above, my procedures to respond to identified risks included the following:
reviewing the financial ststement disclosures and testing to supporting
documentation to assess compliance with relevant laws and regulations discussed
above;
enquiring of management, the Council and legal advisors about actual and potential
litigation and claims;
reading minutes of meetings of those charged with govemance and the trustee
in addressing the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments; assessing whether the
judgements made in making accounting estimates are indicative of a potential bias;
and evaluating the business rationale of any significant transactions that are
unusual or outside the normal course of business; and
l also communicated relevant identified laws and regulations and potential fraud risks to all
audit team members and remained alert to any indications of fraud or non-compliance with
laws and regulations throughout the audit.
The extenl to which my prO￿dureS are capable of detecting irregularities, including fraud,
is affected by the inherent difficulty in detecting irregularities, the effectiveness of the
Fund's controls. and the nature, liming and extent of the audit procedures performed.
A further description of the auditor's responsibilities for the audit of the financial
statements is located on the Financial Reporting Council's website
www.frc.or
.uk]auditorsres
nsibilities. This description foms part of my auditor's report.
Page 11 of23

Welsh Church Act Fund 2023r24
Other auditor's responsibilities
I communicate with those charged with govemance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in inlemal control that l identify during my audit.
Adrian Crompton
Auditor General for Wales
2010112025
1 Capitsl Quarter
Tyndall Street
Cardiff
CF10 4BZ
Page 12 of 23

Welsh Church Act Fund 2023r24
Statement of Financial Activities for the
ear ended 3181 March 2024
Unrestricted Funds
Note
2023124
2022123
£'ooo
£'ooo
Income and Endowments from:
Investments
365
378
Totsl Income and Endowments
365
378
enditure on:
Charitable Activities
Other
(517)
(6)
(470)
<4)
Total Expendlture
(523)
{474)
Net gainsl(Losses) on Investments
967
(572)
668
Net Incomel(Expenditure)
809
Net Movement In funds
809
{668)
Reconciliation of Funds
Total Funds Brought Forward at 1 $1 April
Total Funds Carried Forward at 3181 March
13,184
13,852
13,993
13,184
The notes contsined on pages 18 - 20 form part ofthese Accounts.
Page 13 of 23

Welsh Church Act Fund 2023r24
Balance Sheet as at 31 $1 March 2024
Note
31103124
£'ooo
31103123
£'ooo
Flxed Assets
Investments
14,176
13,209
Current Assets
Debtors
Cash at Bank
103
55
158
103
300
403
Current Liabilities
Creditors: Amounts falling due within one year
(341)
(378)
Net Current Assets
(183)
25
Creditors: Amounts falling due after more than one
year
(50)
Total Net Assets
13,993
13,184
Represented By:
The Funds of the chari
Unrestricted Funds
13.993
13,184
Total Unrestricted Funds
13,993
13,184
The notes contained on pages 21- 22 form part of these Accounts.
Page 14 of 23

Welsh Church Act Fund 2023r24
Statement of Cash Flows for the
ear ended 31st March 2024
Note
2023124
£'ooo
2022123
£'ooo
Cash Flows from O
eratin
Activities:
Net Cash Provided by (Used in) Operating
Activities
{614)
(470)
Cash Flows from Investln
Actlvltles:
Dividends. Inte￿st and Rents from Investments
369
379
Net Cash Provided by (Used in) Investing
Activities
369
379
Cash Flows from Financin
Activities
Net Cash Provlded by (Used In) Flnanclng
Activities
Change In Cash and Cash Equivalents In the
Reporting Period
(245)
(91)
Cash and Cash Equivalents at the Beginning of
the Reporting Period
300
391
Cash and Cash Equivalents at the End of the
Reporting Period
55
300
The notes contsined on page 23 form part of these Accounts.
Signed:
Date:
112
Barrie Davies
Deputy Chief Executive l Group Director - Finance. Digital & Frontline Services
Rhondda Cynon Taf CBC
Llys Cadwyn 2
Pontypridd
CF37 4TH
Page 15 of 23

Welsh Church Act Fund 2023r24
Accountin
Policies
Accounting Policies are the principles, bases, conventions and rules by which transactions
are recognised, measured and presented in the accounts.
Basis of Preparation
The financial statements are prepared under the historical cost convention as modified by
the inclusion of investments at market value and in accordance with the Financial Reporting
Standard for Smaller Entities.
The financial statements have been prepared in accordance with the legal requirements
contained in the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008 (SI 2008 No 629) and the Charities Statement of Recommended Practi￿ 2019
(FRS102> except where stated otherwise.
Incoming Resources Policy
Income is credited to the fund in the year to which it relates regardless of when the income
is actually rec£ived.
Resources Expended Policy
Expenditure is included on an accruals basis i.e. charged to the year to which it relates
regardless of when the expenditure is made.
Grants Payable Policy
Grants payable are charged in the year when the offer is conveyed to the recipient. Unused
grants are written back when written confirmation is provided stating that funding is no
longer required.
Management and Administration Policy
The allocation of Central Support Services costs to the Fund is based upon an estimate of
the time spent by employees of Rhondda Cynon Taf CBC in undertaking work associated
with the Fund.
Investment Propertles
Investment properties are recorded in the accounts at the most recent valuation of market
value. Any difference in value arising out of the periodic revaluations will be
chargedlcredited to Unrestricted Funds. The most recent valuation was at 1 $1 December
Page 16 of 23

Welsh Church Act Fund 2023r24
2020 and was carried out by Chris Clarke Surveyors Ltd. In accordan￿ with FRS 102,
investment properties are not depreciated.
Flxed Asset Investments (Other Than Property)
Long Term Investments are recorded in the accounts at current market value. Rhondda
Cynon Taf CBC, as Host Authority, administers investments on behalf of the Fund. The
Treasury Management Policy statement of the Host Authority governs all such
transactions.
Any unrealised and realised gains and losses on revaluation and disposal are combined in
the Statement of Financial Activities.
Fund Structure
All funds are unrestricted.
Trustee Remuneration and Expenses
The trustee has not received any remuneration or expenses in the year 2023124.
Policy on Reserves
Reserves are unrestricted and held for the fvture use of the Fund for the purposes specified
in the Trust Deed.
Policy on Investments of Cash
Cash is deemed to be sums of money available for immediate use by the Welsh Church
Fund. Such items are cash balan￿S held in the Fund's bank account (less unpresented
cheques). The Welsh Church Fund does not hold Cash in Hand.
Policy on Debtors and Creditors
Debtors are amounts recoverable, based on the amount the Charity ants'cipates it will
receive. There is no bad debt provision induded within the Ststements. Creditors are
amounts due from the Welsh Church Act Fund.
Policy on Going Concern
The twstee is responsible for keeping proper accounting records and produce financial
ststements that comply with the provisions of the trust deed. The Fund is therefore
prepared on the basis of a going concem.
Page 17of23

Welsh Church Act Fund 2023r24
Notes to the Statement of Financial Activities
Investment Income
2023124
£'ooo
2022123
£'ooo
Bank Interest
Interest on Investrnents
Total
354
365
371
378
Charltable Actlvities
During 2023124 the Fund awarded total grants amounting to £485,220.71. Those
organisations awarded granls equal to or greater than £2,000 are detailed below:
anisation
Amount
Merth r T dfil Tennis Club
Nebo Church. Cefn Cribwr
Darranlas Environmental Grou
Rhondda Athletic Club
Porthcawl YMCA
Brynna Community Centre
St Matthews Church, Treorch
Maes
nnon Allotments, Aberdare
Brackla Tabemacle
Bethlehem Church Life Centre
Bethania Pro
ect, Aberfan
St Geor
es Church, Cwm
arc
Great Westem Colliery Preservation, Trehafod (Hetty
Pit
Parc Arts (Eg BreSb￿eraldd C
Peniel Pentecostsl Livin
Wa
FUZE - Fern Partnershi
Llantrisant Tennis Club
Darranlas Communit Buildin
C Ich Meithrin Seren Fach, Mountain Ash
Aber
orki Hall
Gilgal Baptist. Brid end
Mt Zion,Gelli
All Saints Church, Porthcawl
St Thomas Church, Cl dach Vale
Temple Baptist, Pont pridd
el Bed dd
r, Blaencwm
Brackla Tabemacle
Rhydyfelin Methodist Church
St Johns Ambulance, Aberdare
Welcome to our Woods, Treherbert
St Geor
e's, Cwm
arc
United Reform Church, Edwardsville
7,776.00
8,000.00
7,938.00
2,412.00
6,138.13
10.000.00
6,989.27
2,160.00
8,337.60
5,394.60
50,000.00
6,002.00
10,000.00
4,200.00
4,320.00
50,000.00
9,596.00
5,654.88
3,854.45
8,580.60
7.533.00
3,960.00
8.424.00
10,000.00
10,000.00
10,000.00
8,640.00
2,255.80
3,703.60
10.000.00
10,000.00
10,000.00
mru
Page 18 of 23

Welsh Church Act Fund 2023r24
B nSionBa
tist Church
Ho
e Rescue - Pon
clun Sho
Valle
Veterans
Cambrian Villa
e Trust
Comelly Development Trust
StG
nnos. Merth r T dfil
Behaviour Support Group, Pontypridd
Trealaw Christian Centre
Tabernacle Ba
tist Church, Porth
St Iiituds Church, Church Villa
Subtotal of grants equal to or greater than £2,000
42 in number
Grants less than £2,000
5 in number
Total
rants
able for 2023124
47 in number
Grants written back to the Fund and under reserved
Accounting and Technical Support
Total Charitable Activities as per Statement of
Flnancial Activities
10,000.00
22,082.00
46,224.00
50,000.00
2,321.23
6,866.64
7.275.60
6,295.00
5,595.30
10,000.00
478 529.70
6,691.01
485,220.71
24.888.95
56.276.53
516,608.29
The Welsh Church Fund only awards grants to institutions.
The following table gives a summary analysis of grants awarded by the nature of the
project during 2023124:
Analysis
Total Amount of
Grant Awarded
Total Number
of Grants
Social and recreational
Other charitable
ses
Places of worshi
Libraries, Museums and Art Galleries
Total
180,429.00
86,178.50
208,613.21
10,000.00
485.220.71
11
13
22
47
Other Costs
2023124
2022123
Audit Fees
Total
Page 19 of 23

Welsh Church Act Fund 2023r24
Related Party Transactions
4.1 Related Transactions with Administrating Authority
Organisation
Nature of
Interest
Welsh Church Act Fund Transactions with
Organlsatlon
Balance Outstsndlng as
at 31st March 2024
£'ooo
Payments
Net Value
£'ooo
Payments
Recelpts
Recelpts
Rhondda
Cynon Taf
CBC
Accounting
(56)
Technical
ort
Interest
Receivable
Rhondda
Cynon Taf
CBC
Total
11
56
11
11
4.2 Related Transactions wilh Members of the Council
During 2023124, Fourteen Members identified an interest in thirteen organisations
that have been awarded a grant from the Fund.
Organlsatlon
Memberfs
Relationshi
Amount Awarded
Outstanding Amount
2023124
2022123
31103124
31103123
15,000
Pontypridd YMCA
Director
rrrustee
Member.
Darranlas
Environmental
Group,Mountsin
Ash
Darranlas
Community
Building,Mountain
Ash
Lee Garden Pool
Penrhiwceiber
Femhill & Glenboi
Communit
centre
Friends of
n Park
Ysio
Fach Sero
Rhondda Lawn
Tennis Club,
Treorch
Cor Meibion,
Aberc
non
7.938
7.182
Member.
5.655
15,913
9,915
Chair
8,560
Member.
2.384
2,384
2,384
Member
50,000
50,000
50,000
Director
Member
46,211
14,156
29,297
10,000
Vice President I
Director
1,421
Page 20 of 23

Welsh Church Act Fund 2023r24
Maesyffynnon
Allotments,
Aberdare
Great Westem
Colliery
PreseNation Trust
Ltd.
Cambrian Village
Trust
Nos Galan
Committee
Member
2.160
Director
10,000
10,000
Board Member
50,000
50,000
4 Members
1,716
The same one member declared an interest in each of these organisations.
Notes to the Balance Sheet
Fixed Asset Investments
1.1 Analysls of Movement In Investments
An analysis of the fixed assets held as investments for the charity is provided below:
Land
£'ooo
44
Securities
£'ooo
13.165
967
14,132
Totals
£'ooo
13,209
967
14,176
ri12023
Net Sur
lus on Revaluation
Market Value at 31 st March 2024
1.2 Investment Securltles Analysls
31103124
£'ooo
495
9,243
4,394
14,132
31103123
£'ooo
482
8,476
4,207
13.165
Government Stock
Charities Official Investment Fund
Charities Official Fixed Interest Fund
Total Market Value
Historical Cost as at 31 st March 2024
Debtors
An analysis of debtors as at 31 st March 2024 is provided below:
31103124
£'ooo
31103123
£'ooo
Amounts due from RCT CBC
Accrued Interest on Investments
Total
92
103
96
103
Page 21 of 23

Welsh Church Act Fund 2023r24
2.1 Accrued Interest relates to investment income relating to 2023124 paid in
2024125. It is made up as follows-
£'ooo
62
28
COIF Fixed Interest Fund
COIF Investment Fund
2 /2 % Index Linked 2024
Total
92
3. Credltors: Amounts Falllng Due Withln One Year
An analysis of creditors as at 31 sl March 2024 is as follows:
31103124
£'ooo
322
(12)
{7)
341
31103123
£'ooo
319
(13)
(46)
378
Miscellaneous Charitable Or
Audit Wales - fee accrual
Rhondda Cynon Taf CBC
Total
anisations
4. Creditors: Amounts Falling Due After More Than One Year
An analysis of creditors as at 31 st March 2024 is as follows:
31103124
£'ooo
31103123
£'ooo
50
50
Miscellaneous Charitable Or
Total
anisations
Page 22 of 23

Welsh Church Act Fund 2023r24
Notes to the Cash Flow
Reconclllatlon of Net Incomel(Expendlture) to Net Cash Flow from Operatlng
Activities
2023124
£'ooo
2022123
£'ooo
Net Incomel{Expenditure) as per the Statement
of Flnanclal Actlvltles
809
(668)
Adjustments for:
(GainsyLosses on Investments
(967)
572
Dividends, Interest and Rents from Investments
(365)
{378)
(Increase)IDecrease in Debtors
(4)
(6)
Increasel(Decrease) in Creditors
(87)
10
Net Cash Provlded by (used In) Operatlng
Activities
(614)
(470)
Page 23 of 23