Wilmslow United Reformed Church Charity
Trustees’ report and financial statements
For the year ended 31 March 2021
WILMSLOW UNITED REFORMED CHURCH CHARITY
Trustees’ report and financial statements
Contents
| Legal and administrative information | 3 |
|---|---|
| Trustees’ report | 4 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the statement of financial activities | 8 |
| Treasurer’s statement | 15 |
| Independent examiner’s report | 16 |
WILMSLOW UNITED REFORMED CHURCH CHARITY
Legal and administrative information
| Charity Name: | Wilmslow United Reformed Church Charity (Wilmslow URC) |
|---|---|
| Registered Charity Number: | 1128170 |
| Minister/Trustee | Revd Dr KE Thorpe |
| Elders/Trustees | Mr R Banwell |
| Mr P Bradley | |
| Mrs A Brander | |
| Mrs C Carne | |
| Mrs A Dean (commenced 1 January 2021) | |
| Mr M Duguid (stood down from office 31 December 2020) | |
| Dr I Duncan | |
| Mrs E Gilliland | |
| Mrs E McGuire | |
| Mrs N Moss | |
| Miss H Purdy | |
| Mrs T Shepherd | |
| Mr M Williams (stood down from office 31 December 2020) | |
| Mrs F Wood | |
| Mr R Wood | |
| Mr S Wood (Treasurer) | |
| Church Address: | Chapel Lane |
| Wilmslow | |
| Cheshire | |
| SK9 1PR | |
| Independent Examiner: | Mr IK Anderson |
| 6 Summerfield Place | |
| Wilmslow | |
| Cheshire | |
| SK9 1NE | |
| Bankers: | NatWest Bank plc |
| 4 Grove Street | |
| Wilmslow | |
| Cheshire | |
| SK9 1EJ |
3
WILMSLOW UNITED REFORMED CHURCH CHARITY
Trustees’ report
The elders, acting as trustees, present their report and the financial statements of the charity for the year ended 31 March 2021.
Structure, governance and management
The minister and elders are the trustees of the charity as defined under the Charities Act 2011.
The responsibilities of elders are defined in the Basis of Union which was the founding document of the United Reformed Church. The minister and elders are responsible for leading the church; fostering the spiritual development of the congregation; giving pastoral care to the congregation, ensuring that public worship is held on a regular basis and exercising stewardship over the church’s property and finances. Elders are church members elected, normally for a three-year term, by the church meeting. The elders normally meet once a month and the meetings are usually chaired by the minister.
Many of the elders’ responsibilities are delegated to a number of teams covering: Worship, Finance, Property, Outreach and Administration. These teams have members some of whom are elders and they report to the elders’ meeting.
Church meetings are normally held quarterly and are open to all members of the church; all major decisions affecting the church are made by church meeting.
The governing document is in line with an approved instrument issued by the United Reformed Church.
Objectives and activities
The church is committed to providing public worship open to all; having a programme of Christian education for all ages; providing social and recreational activities for all ages; giving pastoral support to the congregation; providing premises, resources and services to the local community.
The elders declare that they have complied with the duty imposed by the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Worship is open to all and all are welcome. The church premises are used by both church groups and other social, community and commercial organisations.
Achievements and performance
A public worship service is conducted every Sunday morning and a monthly mid-week service designed for those who struggle to attend on a Sunday morning has also continued over the past year. The pandemic has meant that Messy Church and the community and mission work through the redevelopment of the Undercroft including the Community Café held on Monday, Tuesday and Wednesday mornings have been restricted in the past year.
The support for Source Youthwork, the charity set up in 2019 including the work of Wilmslow Youth has continued through the year and Source is making a major difference in the lives of young people and their families in and around Wilmslow and links with Wilmslow High School continue to be developed.
The social, study and recreational activities include a badminton club, bowls club, book club, Modern Believers, “Out and Abouters” but all these too have been affected by the pandemic. These groups and the uniformed youth organisations which meet on our premises are open to and attended by people who are not church members. A group of church members organise a weekly luncheon club for the benefit of elderly people in the local community but this took on a different form of outreach as lunches were delivered to doorsteps for part of the year.
Pastoral care is provided through a network led by two support coordinators to offer the best possible and most relevant support to those members of the congregation with pastoral needs. The network is organised to coordinate the many members who volunteer to offer services such as home visiting to the sick or lonely and transport for those with limited mobility. There is also a much valued Prayer chain.
4
WILMSLOW UNITED REFORMED CHURCH CHARITY
Trustees’ report (continued)
COVID-19
On 30 January 2020 the World Health Organisation (WHO) announced Coronavirus as a global health emergency. On 11 March 2020, it announced that Coronavirus was a global pandemic and the UK Government instituted a lockdown of businesses and services on 23 March to limit the spread of coronavirus.
The lockdown resulted in the shutdown of public worship and many of the church activities although we tried to keep as much going online as we were able to. In addition our outreach and community work with local partners brought new opportunities to serve our community with pharmacy deliveries and, more recently, support for volunteers as part of the town’s vaccination programme.
In terms of the financial results for the year ended 31 March 2021:
-
Income from lettings is substantially down as most of our premises users were not able to carry on their activities,
-
Income from freewill giving has been extremely positive as the Church is a grateful recipient of a large number of standing orders rather than relying on Sunday worship offertory,
-
Some items of expenditure were reduced in the year as the premises were not being used or some activities could not take place. Our cleaning contractor was on furlough for the early part of lockdown, as were the Source Youthwork team. We were also unable to produce and deliver a monthly newsletter.
As we begin to come out of lockdown things are beginning to start up again but there will still be a financial impact to lettings income into 2021-22. The budget and financial planning for 2021-22 has taken this into account in considering our expenditure plans.
Financial review
The church's principal funding comes from freewill giving which was marginally down year on year. Lettings income from the use of the church buildings though fell through the lockdown restrictions.
General expenditure in the year though was also down on the previous year.
Following a review during the previous year responsibility for the manse passed to the URC (North Western Province) Trust Limited and as a result the Manse Fund held as an investment on the Church’s behalf by the Synod was credited with £213,500.
Reserve policy
The General Fund, from the regular freewill giving, contributes to the day to day running costs of the church and there are designated funds set aside for repairs and improvements. Monies are set aside each year from the general fund, net of any costs incurred in the year, to maintain sufficient balances in this fund for future expenditure without recourse to special appeals.
The General Fund balance had fallen following the redevelopment of the Undercroft but the fundraising efforts during the year and the previous one have helped to raise the fund again. At the end of the year the General Fund balance, including the funds for the manse, was £231,595.
The year-end balance for the designated fund are shown in note 18.
Approved by the elders on 7 June 2021 and signed on their behalf by:
Steve Wood, Church Treasurer
5
WILMSLOW UNITED REFORMED CHURCH CHARITY
Statement of financial activities for the year ended 31 March 2021
| Unrestricted | funds | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Note | General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | ||
| Incoming resources | ||||||
| Incoming resources from generated funds: | ||||||
| Voluntary income | 2 | 160,404 | 11,500 | 10,259 | 182,163 | 210,667 |
| Activities for generating funds | 3 | 5,327 | - | - | 5,327 |
34,219 |
| Investment income | 4 | 1,777 | - | 3 | 1,780 | 197 |
| Other incoming resources | 5 | 213,500 | - | - | 213,500 |
2,500 |
| ——— | ——— | ——— | ——— | ——— | ||
| Total incoming resources | 381,008 | 11,500 | 10,262 | 402,770 | 247,583 | |
| ——— | ——— | ——— | ——— | ——— | ||
| Resources expended | ||||||
| Charitable activities | ||||||
| URC Ministry and Mission Fund | 6 | 66,936 | - | - | 66,936 |
73,485 |
| Ministry costs | 7 | 24,929 | - | - | 24,929 | 26,778 |
| Cost of church activities | 8 | 60,168 | 15,264 | - | 75,432 |
94,980 |
| Cost of generating funds | 9 | 173 | - | - | 173 | 2,736 |
| Restricted donations passed on | 10 | - | - | 10,259 |
10,259 | 5,774 |
| ——— | ——— | ——— | ——— | ——— | ||
| Total resources expended | 152,206 | 15,264 | 10,259 | 177,729 | 203,753 | |
| ——— | ——— | ——— | ——— | ——— | ||
| Net incoming / (outgoing) resources before | ||||||
| transfer | 228,802 | (3,764) | 3 | 225,041 | 43,830 | |
| Transfers between funds | (10,000) | 10,000 | - | - |
- | |
| ——— | ——— | ——— | ——— | ——— | ||
| 218,802 | 6,236 | 3 |
225,041 | 43,830 | ||
| Total funds brought forward 1 April 2020 | 12,793 | 32,728 | 2,688 |
48,209 | 4,379 | |
| ——— | ——— | ——— | ——— | ——— | ||
| Total funds carried forward 31 March 2021 | 231,595 | 38,964 | 2,691 |
273,250 | 48,209 | |
| ——— | ——— | ——— | ——— | ——— | ||
| (Note 18) | (Note 19) |
The notes on pages 8 to 15 form part of these financial statements.
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Balance sheet as at 31 March 2021
| Unrestricted | funds | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Note | General | Designated | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 14 | - | - | - | - | - |
| Investments | 15 | 215,103 | - | - | 215,103 | - |
| ——— | ——— | ——— | ——— | ——— | ||
| 215,103 | - | - | 215,103 | - | ||
| ——— | ——— | ——— | ——— | ——— | ||
| Current assets | ||||||
| Debtors | 16 | 6,705 | - | - | 6,705 | 5,890 |
| Bank and cash balances | 65,347 | 38,964 | 2,691 |
107,002 | 65,022 | |
| ——— | ——— | ——— | ——— | ——— | ||
| 72,052 | 38,964 | 2,691 |
113,707 | 70,912 | ||
| Current liabilities | ||||||
| Creditors payable within one year | 17 | (55,560) | - | - | (55,560) | (22,703) |
| ——— | ——— | ——— | ——— | ——— | ||
| Net current assets | 16,492 | 38,964 | 2,691 |
58,147 | 48,209 | |
| ——— | ——— | ——— | ——— | ——— | ||
| ——— | ——— | ——— | ——— | ——— | ||
| Total net assets | 231,595 | 38,964 | 2,691 |
273,250 | 48,209 | |
| ——— | ——— | ——— | ——— | ——— | ||
| The funds of the charity | ||||||
| Unrestricted income funds | ||||||
| General | 231,595 | - | - | 231,595 |
12,793 | |
| Designated | 18 | - | 38,964 | - | 38,964 |
32,738 |
| ——— | ——— | ——— | ——— | ——— | ||
| Total | 231,595 | 38,964 | - | 270,559 |
45,521 | |
| Restricted funds | 19 | - | - | 2,691 | 2,691 | 2,688 |
| ——— | ——— | ——— | ——— | ——— | ||
| 231,595 | 38,964 | 2,691 |
273,250 | 48,209 | ||
| ——— | ——— | ——— | ——— | ——— |
The notes on pages 8 to 15 form part of these financial statements.
Approved by the elders on 7 June 2021 and signed on their behalf by:
Revd Dr KE Thorpe, Minister
7
WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities
1 Accounting policies
Basis of accounting
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice: (FRS 102) issued by the Charity Commission on the basis that the charity is a Public Benefit Entity. The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently.
There are no estimates or assumptions made creating estimation uncertainty as at the year-end that put the carrying values of assets and liabilities at risk of material adjustment in next year’s financial statements.
The financial statements have been prepared on a going concern basis.
Fund accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Restricted funds are subjected to restrictions on their expenditure imposed by the donors.
Tangible fixed assets
Freehold property : The trustees of the church buildings are the URC (North Western Province) Trust Limited who hold them for purposes connected with Wilmslow URC. Expenditure incurred on the church is written off in the year it is incurred.
Equipment : Currently all furniture and equipment is regarded as fully depreciated.
Incoming resources
All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid are recognised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. All other income is generally recognised when it is receivable.
Resources expended
The URC Ministry and Mission contribution is paid regularly and is included in the financial statements for the year to which it relates. Resources expended are recognised in the period in which they are incurred and include VAT which cannot be recovered. They are allocated to the particular activity to which they relate. As most of the management and activity of the church is carried out by volunteers, this intangible asset is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.
Financial instruments
The charity’s basic financial instruments as defined by FRS 102 are all recognised at their settlement value and the charity has no “other” financial instruments.
Taxation
As part of the United Reformed Church, the church is an excepted and registered charity within the meaning of the Taxes Acts. Accordingly, it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.
8
WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
2 Voluntary income
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Offertory and standing orders(£2,026 per week; | |||||
| 2020: £2,015) | 103,077 | - | - | 103,077 | 105,344 |
| Special offerings and donations | 19,966 | - | 10,259 | 30,225 | 78,357 |
| Income tax refunds under Gift Aid | 27,361 | 11,500 | - | 38,861 | 26,786 |
| Legacies | 10,000 | - | - | 10,000 | - |
| ——— | ——— | ——— | ——— | ——— | |
| 160,404 | 11,500 | 10,259 | 182,163 | 210,667 | |
| ——— | ——— | ——— | ——— | ——— |
3 Activities for generating funds
| 3 | Activities for generating funds | |||||
|---|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | Total | Total | ||
| General | Designated | Funds | 2020-21 | 2019-20 | ||
| £ | £ | £ | £ | £ | ||
| Use of church rooms | 1,257 | - | - | 1,257 | 22,432 | |
| Fund raising | 549 | - | - | 549 | 7,452 | |
| Café income | 569 | - | - | 569 | 3,410 | |
| Community lunches | 2,040 | - | - | 2,040 | - | |
| Manse energy feed in tariff | 912 | - | - | 912 | 925 | |
| ——— | ——— | ——— | ——— | ——— | ||
| 5,327 | - | - | 5,327 | 34,219 | ||
| ——— | ——— | ——— | ——— | ——— | ||
| 4 | Investment income | |||||
| Unrestricted | funds | Restricted | Total | Total | ||
| General | Designated | Funds | 2020-21 | 2019-20 | ||
| £ | £ | £ | £ | £ | ||
| Bank interest | 174 | - | 3 | 177 |
197 | |
| Investment income | 1,603 | - | - | 1,603 | - | |
| ——— | ——— | ——— | ——— | ——— | ||
| 1,777 | - | 3 | 1,780 | 197 | ||
| ——— | ——— | ——— | ——— | ——— |
5 Other incoming resources
There were no grants received in the year. Grants received in 2019-20 were £2,500 from Connected Communities.
The Church received £213,500 as a result of the transfer of the manse to the Synod.
6 Ministry and mission fund
The church contributes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension contributions and other benefits for ministers), running the denomination, and the wider mission of the national church. The contribution for 2020-21 was £66,936 ( 2019-20: £73,485 ) in line with the formula approved by the North Western Synod of the URC.
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
7 Ministry costs
| 7 Ministry costs |
|||||
|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | Total | Total | |
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Ministry costs | |||||
| Youth Work | 13,767 | - | - | 13,767 | 18,430 |
| Synod levy | 3,528 | - | - | 3,528 | 3,579 |
| Churches Together in Wilmslow | - | - | - | - | 450 |
| Missional Partnership | - | - | - | - | 20 |
| Pulpit supply | - | - | - | - | 350 |
| ——— | ——— | ——— | ——— | ——— | |
| 17,295 | - | - |
17,295 | 22,829 | |
| ——— | ——— | ——— | ——— | ——— | |
| Ministerial costs | |||||
| Travel and subsistence | 3,030 | - | - | 3,030 | 3,229 |
| Pastoral support | 4,104 | - | - | 4,104 | 15 |
| Worship resources | 394 | - | - | 394 | 103 |
| Wedding and funeral expenses | - | - | - | - | - |
| Flowers | 106 | - | - | 106 | 602 |
| ——— | ——— | ——— | ——— | ——— | |
| 7,634 | - | - | 7,634 | 3,949 | |
| ——— | ——— | ——— | ——— | ——— | |
| Ministry costs | 24,929 |
- | - | 24,929 | 26,778 |
| ——— | ——— | ——— | ——— | ——— |
8 Cost of church activities
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Church costs | |||||
| Cleaning | 3,872 | - | - |
3,872 | 12,122 |
| Supplies | 5,409 |
- | - |
5,409 | 5,932 |
| Heat, light and water | 8,827 |
- | - |
8,827 | 8,036 |
| Repairs and maintenance | 15,403 | 15,264 | - | 30,667 | 35,470 |
| Insurance | 4,317 |
- | - |
4,317 | 4,682 |
| Waste disposal | 785 |
- | - |
785 | 1,094 |
| Gardening | - |
- | - |
- | 978 |
| ——— | ——— | ——— | ——— | ——— | |
| 38,613 | 15,264 | - | 53,877 | 68,314 | |
| ——— | ——— | ——— | ——— | ——— | |
| Manse costs | |||||
| Council tax | 3,035 | - | - | 3,035 | 2,920 |
| Telephone | 575 | - | - | 575 | 758 |
| Water | 493 | - | - | 493 | 479 |
| Repairs and maintenance | - | - | - | - | 1,158 |
| Insurance | - | - | - | - | 2 |
| Service contracts | 422 | - | - | 422 | 689 |
| ——— | ——— | ——— | ——— | ——— | |
| 4,525 | - | - | 4,525 | 6,006 | |
| ——— | ——— | ——— | ——— | ——— |
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
8 Cost of church activities (continued)
| 8 Cost of church activities(continued) | |||||
|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | Total | Total | |
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Office costs | |||||
| Telephone | 1,748 | - | - | 1,748 | 1,366 |
| Stationery and furniture | 2,414 | - | - | 2,414 | 3,131 |
| Printing | 507 |
- | - | 507 | 576 |
| Photocopying | 645 | - | - | 645 | 631 |
| Postage | 173 | - | - | 173 | 105 |
| Newsletter | - | - | - | - | 2,081 |
| Website | 124 | - | - | 124 | 58 |
| Sundries | 436 | - | - | 436 | 528 |
| ——— | ——— | ——— | ——— | ——— | |
| 6,047 | - | - | 6,047 | 8,476 | |
| ——— | ——— | ——— | ——— | ——— | |
| Team and activity costs | |||||
| Community lunches | 1,305 | - | - | 1,305 | - |
| Fellowship | - | - | - | - | 1,399 |
| Messy Church | - | - | - | - | 270 |
| Music | 613 | - | - | 613 | 1,232 |
| Outreach | - | - | - | - | 738 |
| Worship | 1,480 | - | - | 1,480 | 60 |
| ——— | ——— | ——— | ——— | ——— | |
| 3,398 | - | - | 3,398 | 3,699 | |
| ——— | ——— | ——— | ——— | ——— | |
| Finance and admin costs | |||||
| Secretarial expenses | 681 | - | - | 681 | 351 |
| Finance expenses | 791 | - | - | 791 | 1,172 |
| Premises expenses | 413 | - | - | 413 | 76 |
| Bad debts | 16 | - | - | 16 | 236 |
| Bank charges | 634 | - | - | 634 | 559 |
| Interest payable | - | - | - | - | 589 |
| ——— | ——— | ——— | ——— | ——— | |
| 2,535 | - | - | 2,535 | 2,983 | |
| ——— | ——— | ——— | ——— | ——— | |
| Donations | |||||
| Northern College | 250 | - | - | 250 | 500 |
| The Message Trust for the Oaks | 700 | - | - | 700 | 1,084 |
| Parkinson’s Support Group | 700 | - | - | 700 | 1,084 |
| Time Out Group | 700 | - | - | 700 | 1,084 |
| Disaster Emergency Committee appeals | 1,000 | - | - | 1,000 | - |
| Sreepur Village | 250 | - | - | 250 | - |
| Church Action on Poverty | 50 | - | - | 50 | 50 |
| Penrhys | 600 | - | - | 600 | 600 |
| Royal British Legion Poppy Appeal | - | - | - | - | 100 |
| Redeeming our Communities | 500 | - | - | 500 | 750 |
| Teams4U | 300 | - | - | 300 | 250 |
| ——— | ——— | ——— | ——— | ——— | |
| 5,050 | - | - | 5,050 | 5,502 | |
| ——— | ——— | ——— | ——— | ——— | |
| Cost of church activities | 60,168 |
15,264 | - | 75,432 | 94,980 |
| ——— | ——— | ——— | ——— | ——— |
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
9 Cost of generating funds
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Running expenses | 173 | - | - | 173 | 2,736 |
| ——— | ——— | ——— | ——— | ——— | |
| 173 | - | - | 173 | 2,736 | |
| ——— | ——— | ——— | ——— | ——— |
10 Restricted donations passed on
| 10 Restricted donations passed | on | ||||
|---|---|---|---|---|---|
| Unrestricted | funds | Restricted | Total | Total | |
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| Commitment for Life | - | - | 2,350 | 2,350 | 1,680 |
| Disaster appeals | - | - | - | - | - |
| Harvest appeal | - | - | 2,849 | 2,849 | 3,644 |
| Christian Aid | - | - | 4,600 | 4,600 | - |
| Other donations | - | - | 460 | 460 | 450 |
| ——— | ——— | ——— | ——— | ——— | |
| - | - | 10,259 |
10,259 | 5,774 | |
| ——— | ——— | ——— | ——— | ——— |
The figure for the Harvest appeal represents only the funds passing through the church account. In addition to £2,849 ( 2019-20: £3,644 ) a further donation payable direct to the charity was received totalling £500 ( 2019-20: £1,030 ) on which £125 ( 2019-20: £251 ) of tax can be reclaimed. Therefore, the total donation from the church was £3,474 ( 2019-20: £4,925 ).
The figure for the Christian Aid appeal represents only the funds passing through the church account. In addition to £4,600 ( 2019-20: £Nil ) three further donations payable direct to the charity were received totalling £140 ( 2019-20: £Nil ) on which £35 ( 2019-20: £Nil ) of tax can be reclaimed. Therefore, the total donation from the church was £4,775 ( 2019-20: £Nil ).
11 Trustee remuneration and expenses
None of the trustees ( 2018-19: £Nil ) were paid any remuneration or received any other benefits from their employment with the church. The Minister is remunerated by the United Reformed Church and her settlement agreement includes the Manse which is owned by the Synod, but whose costs of £4,525 ( 2019-20: £6,006 ) are paid by the Church.
Expenses totalling £8,189 ( 2019-20: £5,709 ) were paid to eight ( 2019-20: nine ) trustees including the Minister. These were for travel, subsistence and the reimbursement of out of pocket expenses.
12 Related party transactions
Expenses totalling £729 ( 2019-20: £1,820 ) were paid to two ( 2019-20: five ) partners of trustees. These were for travel, subsistence and the reimbursement of out of pocket expenses.
One of the trustees is also a trustee of Source Youthwork. Amounts paid to Source Youthwork in the year were £13,767. Donations amounting to £4,000 ( 2019-20: £Nil ) were received from Source Youthwork in the year as contributions towards use of the Undercroft.
12
WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
13 Staff costs
Staff costs in the year totalled £Nil ( 2019-20: £Nil ) in relation to no employees ( 2019-20: Nil ). There were no social security or pension costs payable.
14 Fixed assets
For the reasons stated in the Accounting Policy (Note 1), the church buildings are not tangible fixed assets of the church. For insurance purposes the church buildings are insured by the church for £5,835,000 and the contents of the church buildings are insured for £351,000.
15 Investments
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | £ | |
| At 1 April 2020 | - | - | - | - | - |
| Addition on creation of Manse Fund | 213,500 | - | - | 213,500 | - |
| Interest applied in the year | 1,603 | - | - | 1,603 | - |
| ——— | ——— | ——— | ——— | ——— | |
| At 31 March 2021 | 215,103 | - | - | 215,103 | - |
| ——— | ——— | ——— | ——— | ——— |
16 Debtors
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Accounts receivable | 348 | - | - | 348 | 1,647 |
| Bad debt provision | (252) | - | - | (252) | (236) |
| Income tax recoverable | 3,078 | - | - | 3,078 | 1,719 |
| Prepayments | 3,531 | - | - | 3,531 | 2,760 |
| ——— | ——— | ——— | ——— | ——— | |
| 6,705 | - | - | 6,705 | 5,890 | |
| ——— | ——— | ——— | ——— | ——— |
17 Creditors payable within one year
| Unrestricted | funds | Restricted | Total | Total | |
|---|---|---|---|---|---|
| General | Designated | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Accounts payable | 2,159 | - | - | 2,159 | 1,332 |
| Other creditors | - | - | - | - | 76 |
| Accruals and deferred income | 18,577 |
- | - | 18,577 | 8,909 |
| Synod loan | 34,824 |
- | - | 34,824 | 12,386 |
| ——— | ——— | ——— | ——— | ——— | |
| 55,560 |
- | - |
55,560 | 22,703 | |
| ——— | ——— | ——— | ——— | ——— |
The Synod loan is interest free until 1 January 2022 and is therefore shown as being repayable by December 2021 in line with current plans.
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
18 Designated funds
The church operates one designated fund with the encouragement of the church meeting.
Repairs fund - this is established to fund the maintenance of the church and manse premises; it receives regular budgeted transfers from the general fund when funds are available. The maintenance is supervised by the Property Team.
The movements on the designated fund were as follows:
| Brought | Incoming | Resources | Transfers | Transfers to | Carried | |
|---|---|---|---|---|---|---|
| forward at 1 | resources | expended | from other | other funds | forward at | |
| April 2020 | funds | 31 March | ||||
| 2021 | ||||||
| £ | £ | £ | £ | £ | £ | |
| Repairs fund | 32,728 | 11,500 | (15,264) | 10,000 | - |
38,964 |
| ——— | ——— | ——— | ——— | ——— | ——— | |
| 32,728 | 11,500 | (15,264) | 10,000 | - | 38,964 | |
| ——— | ——— | ——— | ——— | ——— | ——— |
19 Restricted funds
The church accounts include two restricted funds where the monies can only be used for the specific purposes for which they were entrusted to the church. These monies are not at the disposal of the church meeting for any other purpose and represent:
Specific gifts – at different times of the year monies are raised in the church to support specific projects.
Additional ministry fund – this represents the balance of a legacy and although it is totally expendable, it may only be used to provide additional ministry.
The movements in the restricted funds during the year were:
| movements in the restricted funds during the | year were: | |||
|---|---|---|---|---|
| Specific | Additional | Total | Total | |
| gifts | ministry | 2020-21 | 2019-20 | |
| £ | £ | £ | £ | |
| Brought forward at 1 April 2020 | - | 2,688 | 2,688 | 2,685 |
| Direct giving | 10,259 | - | 10,259 | 5,774 |
| Bank interest | - | 3 | 3 | 3 |
| Ministry costs | - | - | - | - |
| Fund raising costs | - | - | - | - |
| Specific gifts passed on | (10,259) | - | (10,259) | (5,774) |
| ——— | ——— | ——— | ——— | |
| Carried forward at 31 March 2021 | - | 2,691 | 2,691 | 2,688 |
| ——— | ——— | ——— | ——— |
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Notes to the statement of financial activities (continued)
20 Church organisations
The following church organisations coming under the responsibility of the trustees hold cash or bank accounts which have not been consolidated into these financial statements, except to the extent of funds remitted to the Treasurer and recorded as donations from church organisations:
Luncheon Club Out & Abouters
Treasurer’s statement
I have prepared the financial statements on pages 6 to 15 for the year ended 31 March 2021.
Stephen David Wood, FCA 9 May 2021
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WILMSLOW UNITED REFORMED CHURCH CHARITY
Independent examiner’s report
I report on the financial statements of Wilmslow United Reformed Church Charity for the year ended 31 March 2021 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act; and
-
to state 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 Commission. An examination includes a review of the accounting records kept by the charity 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.
Independent examiner’s report
In connection with my examination, no matter has come to my attention:
-
1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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.
Signed by the independent examiner
Ian Keith Anderson Retired Chartered Accountant 6 Summerfield Place Wilmslow Cheshire SK9 1NE
24 May 2021
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