ABERGAVENNY MINISTRY AREA
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.
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.
What the accounts disclose
“the free reserves held by the Trust, should ideally be between three and six months of the resources expended in general funds.”
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Beverley Jane Smith
- Bonita Mary Russell
- Caroline Anne Woollard
- Margaret Rose Woodyatt
- Miles Jonathan Kennah
- Nigel Bruce Patterson
- Philippa Mary Lloyd Hassall
- ROBIN CHARLES SMITH
- Rev Dawn Elizabeth Lindsay
- Rev Lea Tracey Ryder
- Sharon Michelle Dickinson
- Timothy Bernard Pratt
- William Thomas Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.