ABERGAVENNY MINISTRY AREA

Registered charity 1137751 · accounts filings on the Charity Commission register · also known as PARISH OF ABERGAVENNY PAROCHIAL CHURCH COUNCIL

The provision of regular public worship and the provision of sacred space for personal prayer and contemplation, pastoral work, including visiting the sick and bereaved, teaching Christianity through sermons and small groups. Promoting Christianity through events and services. The care of a fine collection of historic medieval monuments.

Causes: Religious Activities · website · Get email alerts

Latest income
£396k
Latest spending
£459k
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity operated on a going concern basis but faced challenges with reduced income levels and diminishing financial reserves. The charity reported a net deficit of £63,044 for the year, resulting in a reduction of net assets from £714,179 to £651,135. The trustees noted that the charity was contrary to its policy using its financial reserves to cover ongoing expenditure due to the economic climate and fall in regular giving.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three and six months of the resources expended in general funds (held: £563k)
“the free reserves held by the Trust, should ideally be between three and six months of the resources expended in general funds.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£513k
Total spending
£381k
Cost of raising funds
£7k
Reserves (reported)
£688k
Employees
5

Reported reserves equal ~21.7 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Other (37% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.3% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Monmouthshire

Income and spending

Financial year endIncomeSpending
31/12/2024£396k£459k
31/12/2023£513k£381k
31/12/2022£173k£200k
31/12/2021£238k£215k
31/12/2020£332k£218k

Common questions

Is ABERGAVENNY MINISTRY AREA financially healthy?

Per its FY2024 accounts: The accounts state that the charity operated on a going concern basis but faced challenges with reduced income levels and diminishing financial reserves. The charity reported a net deficit of £63,044 for the year, resulting in a reduction of net assets from £714,179 to £651,135. The trustees noted that the charity was contrary to its policy using its financial reserves to cover ongoing expenditure due to the economic climate and fall in regular giving. Its FY2024 accounts were independently examined.