## Bury Unitarian Church Finance Report - 2023 Quarter 4 

|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)|Funds at the end of lastyear (31/12/22)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Bank||||||||||||||£25,053|
|Cash||||||||||||||£85|
|Funds at 31/12/22|||||||||||||7|£25,138|
|Year to Date|||||||||||Bank|Cash||Total|
|Income year to dateYTD||||YTD|||||||£21,278|£400||£21,678|
|Expenses year to date YTD|||||||||||-£35,595|-£365||-£35,960|
|Increase/(Reduction) in fundsYTD|||||||||||£14,317|£35||£14,282|
|Funds at 31/12/23||||||||||||||£10,856|
|Bank / Cash locations:|||||||||||||||
|Congregation||Camera<br>Club|||Luncheon<br>club||Men's<br>Fellowship|Women's<br>League|Book<br>Club||Hindley<br>Closure|Pam Oxley||Total Funds|
|£10,856||||£0||£0|£0|£0|£0||£0|£0||£10,856|
||||||||||Barclays||CAF|Cash||Total Funds|
||||||||||£2,462||£8,275|£120||£10,856|
|End ofYear2022 funds||||||||||:||||£25,138|
|2023 Change in||funds||||||||||||-£14,281|
|Paid out:|||||||||||||||
|Property Manager||||||||||||||£8,073.97|
|Gas|(Heating)|||||||||||||£5,208.67|
|Electricity||||||||||||||£1,332.72|
|Water||||||||||||||£541.58|
|Telephone||||||||||||||£794.53|
|Cleaners||||||||||||||£1,524.09|
|Repairs etc.|(Servicing and|||||Maintenance)||||||||£3,801.69|
|GA Quota Payment||||||||||||||£1,085.00|
|Organist||||||||||||||£2,230.00|
|Inquirer||||||||||||||£555.00|
|Send a child to Hucklow||||||||||||||£0.00|
|Expenses||||||||||||||£1,511.45|
|GA Expenses||||||||||||||£466.70|
|PiranhaAV||||||||||||||£6,158.40|
|First Aid||||||||||||||£202.46|
|Donation||(GA||, Poppy&|&|Historic Chapel)||||||||£773.00|
|Flowers||||||||||||||£1,045.48|
|Publicity||||||||||||||£182.48|
|Stationery||||||||||||||£211.33|
|Bank charges||(£5 per month)||||||||||||£60.00|
|Heaters||||||||||||||£23.80|
|Presentations||||||||||||||£106.50|
|Badges||||||||||||||£23.00|
|100 club repayment||||||||||||||£48.00|
|Miscellaneous||||||||||||||£0.00|
|Total Paid Out||||||||||||||£35,959.85|
|Paid in:|||||||||||||||
|Transfer from Trustees re building management||||||||||||||£4,812.00|
|HMRC||||||||||||||£1,580.73|
|Donations||||||||||||||£1,525.00|
|Legacy||||||||||||||£0.00|
|Collections||||||||||||||£7,592.37|
|Quiz and other events||||||||||||||£280.00|
|Traidcraft||||||||||||||£235.50|
|Inquirer||||||||||||||£481.00|
|Book Sales||||||||||||||£9.50|
|Room Hire||||||||||||||£4,247.00|
|Interest||||||||||||||£285.21|
|Sunday coffee||||||||||||||£130.00|
|Cash float top-up||from bank||||||||||||£500.00|
|Miscellaneous (BRC|||Payables||BACS credits)|||||||||£0.00|
|Total Paid in:||||||||||||||£21,678.31|
|2022Changeinfunds||||||||||||||-£14,281.54|





## TRUSTEES OF BURY UNTARIAN CHURCH 

Statement of the financial activities for the year ended 31 December 2023 

|INCOME<br>Dividends & Interest<br>Ground rent - St Mary's Place<br>Car park receipts<br>EXPENDITURE<br>Ministerial expenses<br>Manse expenses<br>Church expenses<br>Grants<br>Net income for the year<br>(-) net loss for the year|Note|2023<br>£<br>£<br>£<br>£<br>C.I.P<br>Restricted UnrestrictedTotal Funds<br>358<br>19,523<br>34,257<br>54,138<br>2<br>2<br>14,792<br>14,792<br>358<br>19,523<br>49,051<br>68,932<br>37,563<br>37,563<br>484<br>484<br>20,617<br>20,617<br>255<br>255<br>255<br>37,563<br>21,101<br>58,919<br>103<br>-18,040<br>27,950<br>10,013|2022<br>£<br>Total Funds|
|---|---|---|---|
||2<br>2<br>2||52,931<br>52<br>14,254|
||||67,237<br>34,984<br>759<br>11,534<br>247|
||||47,524|
||||19,713|
|||||





## TRUSTEES OF BURY UNITARIAN CHURCH 

Balance Sheet as at 31 December 2023 

|Note<br>Fixed Assets<br>Church property<br>3.a<br>Manse property<br>3.a<br>Holebottom cemetery & land (wo)<br>3.a<br>Investments<br>8<br>Current Assets<br>Cash at bank<br>Sundry debtors & prepayments<br>Current Liabilities<br>Sundry creditors & accruals<br>Net Assets<br>Capital Funds<br>General fund<br>10<br>Ministry fund<br>10<br>Helen Grundy Bequest for Congregation<br>10<br>Shaw/Holt<br>10<br>Accumulated Income<br>General Fund<br>7<br>Ministry Fund<br>8<br>Helen Grundy Bequest for Congregation<br>6<br>Shaw/Holt<br>6|2023<br>£<br>£<br>£<br>£<br>CIP<br>Restricted<br>Unrestricted<br>Total Funds<br>99,887<br>99,887<br>167,183<br>167,183<br>0<br>5,998<br>591,589<br>828,727<br>1,426,314<br>355<br>31,747<br>66,209<br>98,311<br>117<br>3,671<br>18,050<br>21,838<br>-67<br>-6518<br>-6585<br>6,470<br>626,940<br>1,173,538<br>1,806,948<br>680,125<br>680,125<br>663,396<br>663,396<br>4,276<br>4,276<br>1,722<br>1,722<br>493,413<br>493,413<br>-36,456<br>-36,456<br>0<br>0<br>472<br>472<br>6470<br>626,940<br>1,173,538<br>1,806,948|2022<br>£<br>Total Funds<br>99,887<br>167,183<br>0<br>1,383,044<br>85,873<br>23,929<br>-6,252|
|---|---|---|
|||1,753,664|
|||666,369<br>633,737<br>4,379<br>1,763<br>465,463<br>-18,416<br>0<br>369<br>`|
|||1,753,664|





## TRUSTEE OF BURY UNITARIAN CHURCH 

NOTES TO THE ACCOUNTS YEAR TO 31 DECEMBER 2023 

## 1 Accounting policies 

- a. Basis of Preparation 

These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities. 

- b. Funds Structure 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. 

Unrestricted funds are funds which the Trustee is free to use for any purpose in furtherance of the charitable objects. 

Capital In Perpetuity funds, (C.I.P.), are funds which the Trustee cannot use the Capital sum but can use the income in accordance with specific restrictions imposed by the donor. 

- c. Incoming Resources 

All incoming resources are brought into the accounts in the period when they are received. 

- d. Resources Expended 

All expenditure accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. 

## e. Depreciation 

Depreciation has not been provided on the Church property including furniture, fixtures & fittings and the organ, also the Manse property at 33 Ashworth Street, Bury, as it is considered that the current market value exceeds the aggregate cost to date. 

The cemetery at Holebottom has been fully depreciated. 

## 2. Expenses 

## Ministerial 

The main expenditure has been on the Ministers stipend £31,849 and Community Charge £1,916. 

## Manse 

The main expenditure has been on ground rent £250 and insurance £236. 

## Church 

The main expenditure has been on Property Manager £7,488 and Insurance £3,829, Doors £6,876. 

4 



## TRUSTEES OF BURY UNITARIAN CHURCH 

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONT) 

|3|Fixed Assets|||
|---|---|---|---|
|a.|Property|£|£|
||Church premises at cost|84,925||
||Improvements to date|5,160||
||||90,084|
||Manse premises at cost||167,183|
||Holebottom cemetery|999||
||Less Depreciation|999<br>||
||||0|
||Church furniture, fixture & fittings|5,663||
||Organ|4,140||
||||9,803|
||||267,070|



The title for the Church land and buildings and the cemetery and land at Holebottom are held in the names of the Holding Trustees and the deeds are deposited with Butcher & Barlow, 2-8 Bank Street, Bury BL9 ODL. 

- b. Investments 

The schedule of investments is shown in Note 8 on pages 7 and 8 of these accounts. The changes in investments during the year are itemised in Note 9 on page 9. 

All investments certificates are held on behalf of the Trustees by James Sharp & Co, The Exchange, 5 Bank Street, BL9 ODN. 

- 4 Contingent Liability 

There are no contingent liabilities. 

- 5 Reserves Policy 

A policy has been agreed by the Trustees that a balance must be held in the General Fund which will pay for two year’s expenditure for the Minister, Manse and Church upkeep. This equates to approximately £130,000. 

5 



## TRUSTEES OF BURY UNITARIAN CHURCH 

## Notes to the account ended 31 December 2023 

## 6 Restricted Funds 

|Ministry Funds<br>7 Unrestricted Funds<br>General Fund<br>7a C.I.P Funds<br>Helen Grundy - Congregation<br>Shaw/Holt|Balance<br>Incoming<br>Expended<br>01.01.23<br>Resources<br>Resources<br>-18,416<br>19,523<br>37,563<br>-18,416<br>19,523<br>37,563<br>465,463<br>49,051<br>21,101<br>465,463<br>49,051<br>21,101<br>0<br>255<br>255<br>369<br>103<br>0<br>369<br>358<br>255|Fund c/f<br>31.12.23|
|---|---|---|
|||-36,456|
|||-36,456|
|||493,413|
|||493,413|
|||0<br>472|
|||472|





## TRUSTEE OF BURY UNITARIAN CHURCH 

Notes to the accounts for year ended 31 December 2023 

|8  Schedule of Investments<br>GENERAL FUND<br>Investment Trusts<br>6,750 25p ordinary shares Alliance Trust<br>7550 25p ordenary shares Foreign & Colonial Trust<br>9000 5p ordinary shares Law Debenture Corp<br>15,500 25p ordinary shares Aberdeen Std Equ<br>41720 Lowland Investment gbpo .025<br>26,150 shares Witan Invest Trust<br>37,000 5p ord Hendersons Income Trust<br>8500 Edinburgh invest trust .25p<br>41,486 Troy inc growth .25p<br>3,500 Murray Inv Trust .25p<br>Unit Trusts<br>8684.237 M & G Charifund Income Account<br>Water<br>1700 Pennon Group ord 40.7p<br>3400 United Utilities Group ord<br>British Government/Fixed Interest<br>18,000 4.25% Treasury Stock<br>1000 Caledonia ord 05p<br>11000 9% SR 'A' non-cum pref shares NatWest Bank<br>11,000 Aviva 8.75% com irred pref shares<br>SHAW/HOLT FUND<br>Unit Trusts<br>120 units M & G Charifund Income Fund<br>HELEN GRUNDY BEQUEST FOR CONGREGATION<br>Unit Trusts<br>298 units M & G Charifund Income Fund|Original<br>cost or<br>valuation<br>25,660<br>5777<br>14889<br>43,207<br>35,079<br>12,119<br>60,495<br>50,804<br>32,468<br>42,202<br>40831<br>14,523<br>22,024<br>18,149<br>23,756<br>17,714<br>16,852<br>476,549<br>699<br>1,744|Valuation<br>31.12.22<br>63,956<br>68,252<br>69,390<br>54,870<br>49,960<br>57,922<br>61,142<br>54,060<br>28,625<br>46,690<br>127,617<br>15,105<br>33,708<br>18,825<br>36,100<br>14,834<br>13,915<br>814,971<br>1,763<br>4,379|Gain/Loss<br>31.12.23<br>11,104<br>4,379<br>2,700<br>-6,975<br>2,190<br>4,184<br>-3,237<br>4,165<br>83<br>-1,540<br>-2,999<br>-2,329<br>2,315<br>283<br>-550<br>-512<br>495<br>13,756<br>-41<br>-103|Valuation<br>31.12.23|
|---|---|---|---|---|
|||||75,060<br>72,631<br>72,090<br>47,895<br>52,150<br>62,106<br>57,905<br>58,225<br>28,708<br>45,150<br>124,618<br>12,776<br>36,023<br>19,108<br>35,550<br>14,322<br>14,410|
|||||828,727|
|||||1,722|
|||||4,276|





## TRUSTEE OF BURY UNITARIAN CHURCH 

Notes to the accounts for year ended 31 December 2023 

|8  Schedule of Investments<br>GENERAL FUND<br>Investment Trusts<br>6,750 25p ordinary shares Alliance Trust<br>7550 25p ordenary shares Foreign & Colonial Trust<br>9000 5p ordinary shares Law Debenture Corp<br>15,500 25p ordinary shares Aberdeen Std Equ<br>41720 Lowland Investment gbpo .025<br>26,150 shares Witan Invest Trust<br>37,000 5p ord Hendersons Income Trust<br>8500 Edinburgh invest trust .25p<br>41,486 Troy inc growth .25p<br>3,500 Murray Inv Trust .25p<br>Unit Trusts<br>8684.237 M & G Charifund Income Account<br>Water<br>1700 Pennon Group ord 40.7p<br>3400 United Utilities Group ord<br>British Government/Fixed Interest<br>18,000 4.25% Treasury Stock<br>1000 Caledonia ord 05p<br>11000 9% SR 'A' non-cum pref shares NatWest Bank<br>11,000 Aviva 8.75% com irred pref shares<br>SHAW/HOLT FUND<br>Unit Trusts<br>120 units M & G Charifund Income Fund<br>HELEN GRUNDY BEQUEST FOR CONGREGATION<br>Unit Trusts<br>298 units M & G Charifund Income Fund|Original<br>cost or<br>valuation<br>25,660<br>5777<br>14889<br>43,207<br>35,079<br>12,119<br>60,495<br>50,804<br>32,468<br>42,202<br>40831<br>14,523<br>22,024<br>18,149<br>23,756<br>17,714<br>16,852<br>476,549<br>699<br>1,744|Valuation<br>31.12.22<br>63,956<br>68,252<br>69,390<br>54,870<br>49,960<br>57,922<br>61,142<br>54,060<br>28,625<br>46,690<br>127,617<br>15,105<br>33,708<br>18,825<br>36,100<br>14,834<br>13,915<br>814,971<br>1,763<br>4,379|Gain/Loss<br>31.12.23<br>11,104<br>4,379<br>2,700<br>-6,975<br>2,190<br>4,184<br>-3,237<br>4,165<br>83<br>-1,540<br>-2,999<br>-2,329<br>2,315<br>283<br>-550<br>-512<br>495<br>13,756<br>-41<br>-103|Valuation<br>31.12.23|
|---|---|---|---|---|
|||||75,060<br>72,631<br>72,090<br>47,895<br>52,150<br>62,106<br>57,905<br>58,225<br>28,708<br>45,150<br>124,618<br>12,776<br>36,023<br>19,108<br>35,550<br>14,322<br>14,410|
|||||828,727|
|||||1,722|
|||||4,276|





## TRUSTEES OF BURY UNITARIAN CHURCH 

Notes to the accounts for the year ended 31 December 2023 

9  Movement of Investments 

There were no purchases made in the year 

The following investment were sold during the year 

There were no sales during the year. 

|Transfer from Ministry to General Fund<br>date of<br>no of<br>transfer<br>shares<br>Edinburgh trust 4,800<br>31.12.23<br>4,800|Valuation<br>32,880|
|---|---|



|10 Capital Funds<br>General Fund<br>Ministry Fund<br>Helen Grundy Bequest for the Congregation<br>Shaw/Holt Fund|Balance<br>31.12.22<br>£<br>666,369<br>633,738<br>4,379<br>1,763<br>1,306,249|Realised<br>Unrealised<br>gain(loss)<br>gain(loss)<br>£<br>£<br>13,756<br>29,658<br>-103<br>-41<br>0<br>43,270|Balance<br>31.12.23|
|---|---|---|---|
||||£<br>680,125<br>663,396<br>4,276<br>1,722|
||||1,349,519|



## 11 Approval of Accounts 

The Statement of Financial Activities for the year ended 31 December 2023 and the Balance Sheet at that date together with the Notes to the Accounts set out on pages 4 to 9 were aaproved by the Trustees on the 3rd March 2024 and signed on their behalf. 

Neville Kenyon 

Chair to the Trustees 

9 



TRUSTEES OF BURY UNITARIAN CHURCH 

REPORT OF THE INDEPENDENT EXAMINER 

TO THE TRUSTEES OF BURY UNITARIAN CHURCH 

I report on the accounts of the Trustees of Bury Unitarian Church for the year ended 31 December 2023 as set out on page 1 to 9. 

## Respective responsibilities of Trustees and Examiner 

As the Trustees, you are responsible for the preparation of accounts: you consider that the audit requirements of Section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 47(7)(b) of the Act, whether particular matters have come to my attention. 

## Basis of Independent Examiner’s Report 

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from your Treasurer (acting on behalf of the Trustees) concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. 

## Independent Examiner’s Statement 

In connection with my examination no matter has come to my attention: 

- (1) which gives me cause to believe that in any material respects the requirements, to keep accounting records in accordance with Section 41 of the Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act, have not been met, or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Date …07.02.23………………….. Signed …K Salt……………………… 

10