REGI8TERED CHARiff NUMBER: 1096824 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2022 FOR DUKE STRE CHURCH HaThS 1 Trinty Place Midland Drive SLrtton Cddfield WÉst Midlands B72 1TX
DUKE STREET CHURCH CONTENTS OF THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 DECEMBER 2022 Pago R•for•nc• and Admlnlslr•tl¥e Detalls Roport of tho Trustws Indopondont Examlnerfs Roport Statgm•nt ot Flnanclal Actlvltles Bal•ne¢ Sheet Notes to tho Flnanclal Statem•nts 8 to 13 D•tallod Stat•mwrt of Financlal Actlvltle¥ 14
DUKE 8TRE CHURCH REFERENCE AND ADMINISTRATIVE DAlLs FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES P Stockdale (Chairl S Loh¢t K Loe8cher D Hallett S Wel¢h M Flncher E Smith E J Plllex (apwlntad 21.6.2022) PlNCIPAL ADDRESS Duke Street Sutton Coldfield We¥1 MidlgrNJ9 B72 1RJ REGISTERED CHARifi NUMBER 1096824 INDEPENDEKf EXAMINER HarodS 1 Trlnlty Place Mldland Drfve Sutton Coldfiald We8t MldlarbJ8 B72 1TX Pagg 1
DUKE STREET CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 Th8 tnJ8taas prgs8nt their report wlth the finan01 Statements of the charity for tho ar •nd8d 31 December 2022. The trustags have adopted thg provisions of Accountlng and Rapotting by Charitigs.. Statement of Recommended Pradca appllcable to charitias pr8parlng th8ir accounts in accordance wth the Flnanclal Repjrting Stsndard 8ppllcabl8 in the UK and Republic of Irgland (FRS 1021 leffectfve 1 January 20191. OPJECTIVES AND AcTlEs Obl•ctlveg and alms Thè advancement of the Christian faith tn accordance with the Ba818 of Famh prlmarfly but not exclusfvety within Sutton Coldffièld and Ihe surroundlng n8lghbourhcth,' and olher suth tharitsble purposes as shall, in the oplnlon of th members of the Church In ganeral meets'ng further the work of thè Church. The objects of thg charfty are to further thè r8liglous and other charftablg hvrk of the Chrfstlan Fah. Tho chlty 18 8 member of thè Ev8ngelical Mliance and the Tru51ees subscrfbe to the Evangoli¢81 lianCe basis of faith. The charity owns premises in Sutton Coldfield comprfslng of a chapel and 888ociated buildings as well as the freehd of a block of ots and the leaseho of 8 furlher flat. Duke stet Chur(* has approxlmately 140 members. Th8 chureh supports a number of UK and oversgas Chrisuan K)rkers and mission org8nlz8Uons and is involved in a numbgr of activiti8s whi¢h benefft the eT communlty of Sutton Coldfield. Public benofft When planning revlewng the object(v$s of Iho aCti¢S the Church has givan du8 conslderation to the Charity Commlsslon's general guidancg on public benefft and, in particular. thè spaofic guidance on chaTltle8 f¢x tho advancement of religion. In p8rticular. we try to enable ordinary peopl¢ to live out thelT faith as part of our church In thalr I(1 corrwnunitie$. Pago2
DUKE STREET CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities
The church welcomed the ease of Covid restrictions on its life and activities following the Coronavirus pandemic. The only provision now being made is the availability of socially-distanced seating for our main Sunday service. It has also been possible to restart a number of mid-week activities (suspended during the pandemic), including the 'Retired Men's Fellowship' and 'Friends and Neighbours'. The pattern of sending out a prayer focus (e-prayer) and a newsletter (e-news) via email every week, established during the pandemic, has been continued, as has the provision of live-streaming our main Sunday services.
A recently established midweek group called 'Minijooks' for babies under the age of 1 and their carers has continued to be a much appreciated activity offered to the wider community. Carrying on too has been the monthly family-oriented early morning Sunday service, 'Duke Street Junc-tion'. These activities, along with other children's and youth activities taking place midweek and on Sundays, are well supported by our church families and the local community.
In January a commissioning service was held both for our Team Leader and Pastor, David Gibb, and extended to the church members. In the same month an Alpha course was run for those wishing to explore the Christian faith further.
A large number of church and community-based events were organised at Easter and Christmas which were enjoyed by many.
Towards the end of April a large number of the church family went away for a very enjoyable weekend to the Christian conference centre, Cleverley Hall. During the weekend those present benefited from a series of talks delivered by our pastor, David Gibb, based on the book of Esther.
May saw an event held to celebrate the HM Queen Elizabeth's platinum jubilee.
In June the church's house groups did not meet in homes but joined together in the church building to follow a weekly course entitled 'Inspired' which provided teaching and the opportunity for discussion. The aim of each week was to get those attending to think about how they could 'build stronger together' in different areas. Themes included: how do we love God and love each other?; building stronger and better mental health: how to develop our personal walk with Jesus; how to be salt and light in the places where God has put us?
A course, 'Griefshare', which commenced in September, proved to be enormously helpful to those who attended, some from the church, others from outside, helping them as they try to come to terms with bereavement.
A 'Pumpkin Patch Party' event for families was held at the end of October - this proved to be very popular with families from outside church, providing an alternative to Halloween events.
Throughout the year the church was pleased to continue to welcome a number of refugees from Iran and, during the course of the year, a family from Ukraine living with a church family, attended the church. We were delighted to see a number of them baptised at a special service.
During the summer the Coffee Tree cafe extended its opening hours on Wednesdays and opened for the first time on Saturday mornings which coincided with a new monthly Saturday morning community activity called 'Stay and Play', which has proved to be very popular.
Regular donations of foodstuffs to Birmingham City Mission (BCM) Foodbank continued to be made and, towards the end of November, gifts provided for the BCM Toy Appeal. Money was also raised for Tear Fund through the Tear Fund Big Quiz attended by many from the local community. Additional gifts were made to help those providing support in Ukraine following the outbreak of the war.
The huge rise in energy costs in 2022 has impacted the church's budget and prompted scrutiny of ways in which savings can be made, through efficiencies and modifications to our system. This work is ongoing.
The church treasurer, Sallie Morgan, stepped down at the end of December, following many years' sterling work in that role.
FINANCIAL REVIEW
Financial position
Incoming resources for the year were £179,580 (2021: £171,600). Expenditure for the year was £228,582 (2021: £181,177). The deficit for the year was £49,002 including depreciation of £18,000 (2021: deficit £9,517 including depreciation of £17,588).
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DUKE STREEf CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCN REVIEW Rès¢rv•s poll¢y The Truslge5 are ujmmltted to establishing a l¢v81 of reNeS for General Funds th81 will cover thr$¢ nx)nths costs, subject to sufflclent funding being avallable to 8chi8Vg this. while not hampering tha ongoing d8velopment of tha mlntsty ol the Church. The preryse level of reserves to be £50,185 16x¢ludlng déprèclationl and wll be subject to ro9ular rewew, taking into 8¢¢ount levels of acUiqty and prevailing clrcum8tancg5. The unrestrfcted reserves at the balance sheet date ar8 £167.323 {2021 - £162,544) de519naled reserves are £1.450 {2021- £6,229). Total fvnd$ of the charity 8re £1.232.03612021- £1.281.038), of which £1,1D3,27912021- £1,1112,265} are restricted. FDr Ihe pUr[seS of short and modlum l&m finan¢lal management, the Irustsgs arè concemad moro wth the management of working capital, ar¥J the healthy %thing capital posilbjn is entiroly in lin8 with th8ir p)licy of holding free r8source8 sufficient to fvnd thwe months of ongoing unre5tr1cted •xpgnditure to ¢over the eventuality of a matsri81 decllne In Incoming r080urc8S. STrUCTURE. GOVERNANCE AND MANAGEMENT Gr)vernlng documgnt Duke Street Church w88 odglnalty c{stE1 uThJer tsvo trust d88ds. The ¢harftys affairs have however bean malgamated under a 'Stherne' whh Ihe Charfty Commissioners dated 13 D•mbar 2002 into a 8lngle charity th single set of Trusteps. Rg¢rnltment and appolntm•nt of nèw trust•es TrUsteeleaderShIP Team momb8rs 8r8 norrnally ¢rusted from wthln the mtrmbgrshlp and are appointed after consuttatlon vAth the mernbership of the church and approval by the exsting twst¢asLT. No extemal persons to the ¢harity are enlltled to appj'nl twslee8. Organl••tlon•l structurn There are Iwo gUp$ of people involved in the running charlty.. Thg Lgadership Team, the bulk of whom lorm the Tnjstees, are reS¥1b19 for tho strategic dlrecoon and routine a¢knvilies of the church and any lago1 r8quir8m8nts, that is, employment and the quIrements of the charity law. The Leadership Team mo&t 8t1gasl twice a month and Ihg Trustees at19oSt four Yrn85 Per year and as th? need aris95. An Administratlon Group is re8w)slble much of the Pradcal day-taY needs under tho dlrectlon of th8 leadership T8am as appropriats. The day to day njnnlng of the church office Yrds d81guated lo the admlnlstrator, and chair of Ihè Admln Group Mrs Fiona Buckell, ksndèr supeNsion of the Leadership Team. Flnanelal adrninistsation was undertakgn by the treasurer, curTrnUy Mrs Sallie rgan.. Inductlon and training ol n•w trust••8 Trustse induction and tr8ining is informal. Trust888 are aware of Iheir r&spon$ibilities when thèy take up appolntmgnt. . and 8ign8d on its beh8ff by. Approvgd by order ofth8 board of tnJstèè8 on ..... ... P Slockdalg (Choirj- Tnjstee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUKE STREET CHURCH Independ•nt •xamlnerf• report to th• tru$¢••$ of Duko Stre•t Church I report to the chartty trustees on my examination of the accounts of Duke Street Chur¢h {tha Trusil for tha #r ondéd 31 December 2022. R•sponslbllltles and ba818 of report As charfty tNstees of the Trust LF are responsible for tho preparation of the accounts In 8txord8nca with the reqLÈlrements of Ihe Charlties Act 2011 (Yhe ACV). I report In reBped of my examinalion of the Trusf8 accounts carried out uThJer Sgdon 145 of tho ALt and In catyng out my ex8m1n8on I h8ve followod 811 appllcabla Dlroct#)ns given by the Charity Commission under Section 14515Xb) of tho Act. Inthp•nd•nt gx•mln•rf$ 8tthm•nt I have completed my eyaminalion. I confimi Ihat no mat¢ri81 matt8r8 hava come to my attantton In connoction the Èxaminatlon givlng ma cAu88 to bèll8v& that In any matsrial respect.. o¢counUng record8 were not kept In respect ofthe Trust as requirèd by Secbon 130 of th8 Aci. or thg accounts do not accord with thosg records: QT thg accounts do not comply with th& applicable requlrements conc8rnlng the fom) and content of accounts set out In th8 ChafHlas (Accounts and R•ports) Regulations 2008 other than any requiTernent that the accounts gwg 4 tru8 and fairmaw which is not a matter con8ldered as part of an kndependenl ex£rnlnatKJn. I have no concems and have come ocross no other matters in Connection with the examination to whlch attonflon 8hould bo drawn in thi8 report in order to enable a proper understsndlng of the accounts to b9 rgach¢d. Adam Bexon Mchem FCA HaNood8 1 Trinity Plac9 Mldland Drive Sutton Coldfield West Midland8 B72 1TX Page 5
DUKE STREET CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Re51rictsd Unrgstrictgd funds R8slricted funds Total funds Totsl funds assgt Notes IMCCJME AND ENDOWMEKrs FROM DonAUons and legades 139,559 3.800 143.359 147.412 Charftabl• act1¥186 Related church acbvili99 690 690 151 Othèr tradlng actimties Investmenl IrKom8 34.823 708 34.823 708 23.763 274 Totsl 175.780 3.800 179.580 171.600 EXPENOITURE ON Charltable a¢tfviti•s Dlroct church expen8*8 Related church a¢tiwbes Depreciation Othèr Expenditure 153,836 40,931 3,800 25 3.727 153,861 44,658 18,000 111,295 44.281 17.588 14,200 9.843 2,220 9.843 2220 5.791 2.160 Govemance c4)$1 Total 210.630 3,752 14.200 228.582 1ei.115 NET INCOMEIIEXPENDITURE) TraDsfgrs belween funds 134.8501 16.0631 {142001 5,438 149,IX)2} {9.5151 13 625 Net movement ID fund$ (40,9131 673 18.7621 149.0021 19.515} RECONCILIATION OF FUNDS Total funds brought forword 168,773 8.986 1.103.279 1,281,038 1.290.553 TOTAL FUNDS CARRIED FORWARD 127,860 1,094,517 1232.036 1.281.038 Th8 notes fom part of thesg financlal slalements Page 6
DUKE STRE CHURCH BALANCE SHEET 31 DECEMBER 2022 2022 2021 Nolos FIXED ASSETS Tangibl¥ assgts 1.094.518 1,103.280 CURRENT A58ETS Debtors Cayh al bank 8nd in hand 4,893 135.279 6,635 176,386 140.172 183,trfJ1 CREDITORS Amounts lalliThJ duè V•ithwi one year 10 12.654) 15.2431 NET CURRENT ASSEf3 137.518 177.758 TOTAL ASSETS LESS CURRENT UABlL1ES 1232.036 1.281,038 NET ET8 1232.Q36 1.281,D38 FUNDS Unro8tricte(I fund¥ Rostrtrted funds 13 127,860 1.104.176 188,773 1,112,265 TOTAL FUND8 1.232,036 1,281,038 Tho flnanclal statemants ra approvad by the Board of Tru81ee8 and authorf8ed for 158ue . and were slgned on Its behalf by- P Stskdale (Chairj- Trust8è Th8 nots8 fomi part of these financlal 8tatsments Page 7
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES Basls of pr•parfng thè ffnanclal statements The financial 8talèm8nts of the charity. whlch 18 a publi¢ beneffil entlty under FRS 102, have an prnpargd In ac¢oréanc8 wSth the Chariues SORP IFRS 102} 'A¢¢ounllng and Reporbng by Chad5.. Statement of Recommended Practice applble to ch8rftSes PTeparing their accounts in a¢cordan¢e vAth the Financial Reporting Standard appli¢ablè In thè UK and Republic of Ireland IFRS 1021 leffedv& l JBnuary 2019)., Financial Reporting Standard 102'The Finonclal Reporting Standard applicabl8 In thè UK and Republic of Ireland. and the Charities Act 2011. The finandal stBtements have been pNp8r•d undèrthe historfcal cost convention. Th8 Ch8rfty constitLrt88 a publlc benefit $ntity a$ defined by FRS 102. The finandal statements arè pr&sent8d in Sterling and rounded to Ihg nearest £1. In¢omè I Incoma Is r•cognised In the Ststement of Fin8n¢lal Adv16$ once the Charity has gntbllornent to the fund8, 11 18 probablg Ihal the Income will bè weeived and lh8 amount can be measured Teliably. Expendlturn Liabilities are Tecogni88d as eyndilure a8 8ODn Ihgrg is a1¢gal or constructive obligaticth ¢ommttbng tho charfty to that expèndurO. it is probabla that a transfer of noMiC beneffts 11 be required in setugrnent and the amount ?f Ihg obligauon can be measured r81iably. Expendltur• is accounted fDr on an a¢cruals basls and has been dasslfied under h88din98 that a99regate all cost related lo the Category. Where costs cannot bè directly attdbuted to particular hea(lings th¢y hav¢ been allocated lo a¢livitie$ a basls consistent the u8e of rosources. Tanylblo fix¢d assets Depredation is pmvhled al the folhmng 8nnu81 ral8s In order to wrSle off each asset over its 8stlmgt8d uf1 Freehold propety Long 18asehokl Fixtur88 and fitUng$ Computer equlpment on cost Over the life of the lease 25% on rgduung balanca 33% on cost Taxatlon The d)arity 18 ax8mpt from lax on Its charttable 8¢tiwties. Fund accounting Unrèstrict8d funds can be used in ac(x)rdanc8 Mlh the charitsble Objectiv at thg disc10n ol the trustees. Restricted fLJnds rn onty be used for parbcular restn'cted purwses within the objects of the tharity. Restricuons ari8e when spgcifigd by the donor or when fvnds arè r8188d for p8rticular re61ricted purposes. D$ignat8d funds comprise unrgstrithd funds that have been set aside by tha trust for particular purp08e8. Th8 awn and use of each dFsignatÈd fund is set out in the notè8 to th&fjnan¢lal statements. Further eyplan8tion of tha nature and purpos9 of gach fvnd is indLllled in the notss to th8 fftnancJal Stslamonts. P•nslon and Othgr po¥trf•tirnment bgnefltg Th8 Chan operates a defined conlrfbution pension schem8. Contn'bution$ payable to the thariws nSIOn scheme are charged to thè Stat•m8nt of Financjal Actwille8 in the pgriod to whlch they relate. G0mMnI grants In thè previous year the charity rgceiv¢d govemment grants in relation to COVID-19. These grants are rocognised at the fair v8lue of the asset received or receivable wh¥n thgrg Is reasonable a5suranr£ that th aTity 11 rMp with eondrtlons attaching to them and thg grants will be received using tha pthrn8ncelaccru81 mL*l81. Page 8 continued...
IYJKE STREEf CHURCH NOTE8 TO THE FINANCIAL sTATEMETrS • contlnued FOR THE YEAR ENDED 31 DECEMBER 2022 OThER TRADING ACTMTIES 2022 2021 Room hlre Coff80 shop incom8 Rents recelved Event and acivty income 8,705 21.842 6.000 276 1.399 9.553 12.811 34.823 23.763 INVESTMENT IMCOME 2022 2021 Intere8t recelvable- Iradlng 274 CHARITABLE ACTMTIES COSTS Direct Supp(wi Total8 Dlr8ct church èxp¢nsos Related church actlvibes Depreclation Olher Expendmure 153.861 44,658 18.000 153,861 44,658 18.0 Gmmancè cost 2.220 2,220 226.362 2.220 228,582 TRUSTEES. REMUNERATION AND BENEFITS Ther• w•To no trusl•ès' rèmunaratton or other benellts for th8 year ended 31 December 2022 nor for the year nded 31 Decgmbgr 2021. Tw#tè••' •xpènso• Thèrè wèrè no tn*toos' exponsg$ paSd for the year 9nded 31 Decembèr 2022 nor for the year ended 31 De¢¢mber 2W21. STAFF COSTS 2022 2021 Wages and salaries Social 8ecurfty costs Other pension costs 92.$01 2.972 4.346 78.591 1.383 3.654 99.819 83,628 Th8 ov8rag8 ThnthlY number of employees durfng the y8arwas as follow8.. 2022 2021 Support Stsff No etnployees recel¥&J emoluments in excess of £60.Cl0. Page 9 c(A)ttNed...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS . contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2022 cOMPARATVs FOR THE STATEMENT OF FINANCIAL ACTIVITIES Re8trfctsd fixed osset Unrestriad Re8trfcted funds lund$ Totsl funds INCOME AND ENDOWMENTS FROM Donatlon$ ar¥J legacles 147,292 120 147.412 Charftsbl• a¢tlvitS¢8 Related churth ad'vities 151 151 OU)or Iradlng aCtilIeS InvFstm$nt income 16.952 274 8,811 23.763 274 Totsl 164.669 6,931 171.600 EXPENDITURE ON Charltable actlvltl¥$ Direct church oxpenses Related church activllg5 Depreciation other Expenditur• 111.295 33,479 111.295 44,281 17,588 10.802 14.200 5.791 2,160 5.791 2,160 Govemance cost Total 156.113 10,802 14200 181,115 NET INCOMEIIEXPENDrruREI Transfwts l)•tr#••n funds 8.556 12541 13.871) {14,2001 254 19.515} Not mov•ment In funds 8.302 13.871) {13.9481 19,515) RECONCILIATION OF FVNDS Tolal funds brought forward 160.471 12.857 1.117.225 1.290,553 TOTAL FUNDS CARRIED FORWARD 168,773 8.986 1.103.279 1,281,038 TANGIBLE FIXED ASSETS Flxtures and ffittings Freehold property Long leasehold Computer equSpm&nt rotals Al 1 January 2022 AddOnS 1,195,616 59,982 96.485 8,223 1,352,083 9.238 1,015 At 31 Dg¢ember 2022 1,195,616 59,982 104,708 1,015 1.361,321 DEPRECIATION At 1 Janu8ry 2022 Chargè for yèar 156,199 14.200 6,606 600 85.998 3.144 248,803 18,OC#) 56 At 31 December 2022 170.399 7.206 89,142 56 266,803 NET BOOK VALUE At 31 Dett8mr 2022 1.025.217 52,r16 15,566 959 1,094,518 At 31 Dècember 2021 1,039.417 53,376 10,487 1,103,280 PagB 10 confjnued...
DUKE STREET CHURCH NOTE8 TO ThE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 DECEMBER 2022 TANGIBLE FIXED ASSETS ll contlnu•d Included in cost or valuation of land and bulldln9s Is fr88hold land of £4B5.OLKJ (2021- £485.000) which is Thjt d•pr¢claled. The leas8hoJd property relatss to a lèasehold flat {Jacey} whi¢*t was renewed as 8 99 year16ase in 2011. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 21722 2021 Olher debtors 4.893 6.635 10. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2022 2021 Olhor ¢r•ditors 2.654 5,243 11. LEASING AGREEMENTS Minimum lease payrnents under non-cancellablg opernllng leases fall duo as foilows.. 2021 Wmhln one yaar B8lwe8n on8 and five y8ars 1.892 2.523 941 12. ANALYSIS OF NET ASSEfs BETWEEN FUNOS 2021 Restrfcted Unrestricted lund8 Rts8trictod fund¥ Total fund$ fvnd¥ Flxed assets Current assets Current liabilitiÈs 1,094,518 (964,0041 12,6541 1,094,516 140.172 (2.654) 1,103,2BO 183.001 15.2431 9.859 1,094.517 127,860 9,659 1,094,517 1,232,036 1281,IrJ8 13. MOVEMENT IN FUNDS Net Mmnt In funds Trdnsférs At 1.1.22 fvnds 31.1222 Unr•Btricted lun General fund Hardship Fund- dÈ81onatèd Ron Lo9ocy- (19$19ngled 162,544 3.898 2J31 131,902) (2.) (4.2321 126,410 1.450 {2.3311 168.T13 134.850) {6.0631 127.860 R•8trlot•d fund• Ja¢ey 8uildln9 M8c8donla fund RestMGted fixed assel 8.806 853 (805) 7.659 625 1.103279 2.000 114,200) 5,438 1.094,517 2.ClJO 1.112265 114.152) 6,063 1,104,176 TOTAL FUNDS 1281.038 149.002) 1.232,036 Page 11 conllnugd...
DUKE STREET CHURCH NOTES TO THE FINANcL 8TATEMEiifs - contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2022 13. MOVEMENT IN FUNDS • contlnued Net rnovemenl in fvnds, Induded In the abovè are 88 follows.. In¢omlng resources RasourG•s expended ovemenl in fvnd8 Unrèstrictsd fund$ General fund Hardship Fund- de8lgn8tad 175,280 {207.1821 13.4481 I31.)2) 12.9481 175.780 (210,6301 134,8501 R•strlct•d funds Jacey Building Ma¢edonla fund Restricted ffixed a88et 3,680 120 12,8271 (9251 853 18051 {14,2001 14.2001 3,800 (17.9521 (14.1521 TOTAL FUNDS 179.580 1228,582} (49.002} Comparndves for movement In fund6 Net movernant in fund8 TransfeTS between funds At 31.1221 At 1.1.21 Unrèstrkt•d funds General fvnd Hartlship Fund - d8slgnat8d Ron Lagacy. designated 151.192 6,948 2,331 12.1[ 13,550) 541 500 162,544 3,898 2,331 160.471 8.556 1254) 168,773 Restiicted funds Jacey Building Macedonia fund Reslri¢ted fix8d ass8t 10,657 2LKJ (3.851) (20) 6.806 180 1.117,225 2,000 114.200) 254 1,103,279 2.000 1.130.082 118.071) 254 1.112.265 TOTAL FUNDS 1,290.553 (9.515) 1,281.038 Pog8 12 contlnued...
DUKE STREET CHURCH NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2022 1& MOVEMEKf IN FUNDS. contlnued Comparative net movgment in fund¥. indud8d in the above are as fdl Incoming Tesvurcg9 Resourc68 ewwKlgd Movernenl In thJnd8 Unre8tslcted ld8 General lund Hardship Fund- deslgnated 184.669 (152.5631 13.5501 12,108 (3.550) 164,669 1156,113) 8.556 Restrlctsd funds Jacey Building Mac8donia fund Restricted ffixed a88et 6.811 120 110.8821 {140} {3.851) {20) {14200) {14.200) 6,931 {25,002) {18.071) TOTAL FUNDS 171.600 {181.115) 19.515) Restrfcted Funds Fixed Asset Fund- relate8 to a88ets ao4uired by th8 church. Jacey Building- up keep of Jacey Fuildir Artwork Fund- To be Spent on artwork for th& church. Macgdonla Fund- mongy coll8ded donatad lo a church In m9d0& Designated Fund8 Hardship Fund is a dlscrgtionary fulld available to provKl¢ financial r8lipf lo members the community agre8d by the Irt4Steeg. Ron 18gacy projoct- to be spent on it8ms approved tythe trustees. 1 RELATED PARTY D13CLOSURE8 Thara w8r8 no r8lat8d party transacnS fortho year ended 31 Dec4mb8r 2022. Po98 13
DUKE STREET CHVRCH DETAILED STATEMENT OF F114ANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Donations and ¢ollection8 Gift ald Job Retenuon Stheme 1.499 124.837 17,223 52,279 76,854 16,414 1,865 143.359 147,412 Oth•rtradlng •ctlvltl•s Room hir Coffee shop Income Rents received Event and actlvty income 6,705 21,B42 6.000 276 1,399 9.5S3 12,811 34,823 23,763 Invostmort Incom• Interest receivable- trading 708 274 Charltabk a¢tlvltle$ Youth A¢tivities 690 151 Tot41 In¢omlng tg¥our¢•$ 179,580 171.800 EXPENDITURE Charitable acti¥itl•s Wages and salaiie6 Sodal security P8nslon8 Ratas, watsr and an8rgy Insurance Adrniriislratron exp8nses Actwtty 8XPen80S Cl8pning and maintsndnc8 Church seNce expenses Mission and wing Youth expense8 Ministry èxpenÈas Flat èxp8ns89 Community activities Coffee shop purchases MISSnary flat 8xpense5 Depreciation Frgehold Propgrty Depreation Long L8a5eh(Ad Dapreciation Fixturas and FittirMJs 08procAation Computer Equipment 92,501 2,972 4,346 15,992 2.547 8.377 3,003 20,149 296 33,266 1,446 2,232 7,262 1,303 9,843 2,827 14,200 600 3,144 56 78,591 1.383 3,654 6,029 2.189 7,135 1.162 7.423 2,617 30.298 1.058 2,565 756 5,791 10,662 14.200 600 2,788 226,362 178.955 support costs GOV•man ¢¢sts Accountancy and legal fee8 2,220 2.160 Total r8sourc*s 8xpended 228,582 181,115 N•t •xpendMur• (49,002) 19,515) Th18 pagè does not fomi part of the statutoryflnandal 8tal8m8nts Page 14