Ministry Area Penybont ar Ogwr
Entering in to the mission of the Church
Objects
The promotion of the whole mission of the Church, pastoral, evangelistic, social and ecumenical, in the parish.
Financial health, per its FY2024 accounts
The charity reported a deficit of £65,509 for the year, which was covered by utilizing cash reserves. While total net assets are substantial at £2,179,105, the majority are restricted, leaving only £71,425 in unrestricted cash available for day-to-day operations. The trustees acknowledge that recurring expenditure exceeds recurring income and are implementing plans to improve the unrestricted cash position.
What the accounts disclose
“At the year end the charity therefore held only £71,425 (2023 - £116,192) in cash which was freely available to meet on-going expenses – approximately 4 months of available reserves. While there is on-going income, the charity intends to develop plans to hold sufficient cash reserves at any point in time to cover at least 6 months of recurring expenditure.” — page 7
“The total charge for Parish Share for the Area was £137,496 (2023 - £153,873).” — page 20
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Jennifer Ann Morganchair
- Amanda Jane Buckley
- Anthony John Harris
- Dr NADER OMIDVAR
- Hilary Markwell
- JOHN LEWIS
- Linda Ann Jones
- Menna David
- Penelope Williams
- REV MARK PHILIP BROADWAY
- Rev Roger Thomas Pitman
- Richard John Castle
- Sandra Elizabeth Arnott
- Simon John Buckley
- Stuart Donald DAVIDSON
- Susan Margaret Parfitt
- Valerie Joy Turner
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £393k | £424k |
| 31/12/2024 | £296k | £362k |
| 31/12/2023 | £291k | £367k |
| 31/12/2022 | £356k | £490k |
| 31/12/2021 | £192k | £185k |
Common questions
Is Ministry Area Penybont ar Ogwr financially healthy?
Per its FY2024 accounts: The charity reported a deficit of £65,509 for the year, which was covered by utilizing cash reserves. While total net assets are substantial at £2,179,105, the majority are restricted, leaving only £71,425 in unrestricted cash available for day-to-day operations. The trustees acknowledge that recurring expenditure exceeds recurring income and are implementing plans to improve the unrestricted cash position. Its FY2024 accounts were independently examined.