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fe West Kirby United Reformed Church Connecting your Communit y fo Chris a
## Report and Financial Statements
## Year ended 31 December 2021
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## Contents
Page Trustees Report 1-2 Statement of financial activities 3 Statement of Movement in Funds 4 Balance Sheet 5 Notes.to the financial statements 6-11 Treasurer's statement 12 Independent examiner's report 12
West Kirby United Reformed Church Charity appears on the Register of Charities under Number 1128869
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## West Kirby United Reformed Church Charity Trustees Report Year ended 31 December 2021
The Trustees submit their annual report and statement of accounts for the year ended 31 December 2021. The report and statement of accounts. were approved at a meeting of the Elders and Trustees on 2nd February 2022 and presented to and accepted by the Annual General Meeting of the Church on 16th March 2022
## Charitable Status
West Kirby United Reformed Church Charity was entered in the Central Register of Charities with effect from 27 March. 2009 and-registered under number 1128869.
## Trustees The Trustees who were in office during 2021 were:
Revd H L Franklin Chairperson Ms J Gamble Mr R A Jackson Mr S P Lakin Appointed 23.05.2021 Mr J Lindsay Treasurer Mr C Usher Church Secretary Mrs J A Usher Mrs E M Wilson Mr A P Wilson Mr R G Wilson Resigned 23.05.2021: Governing Document
## Name and assets
The Charity is called West Kirby United Reformed Church Charity and comprises all the assets and funds held and on behalf of the West Kirby United Reformed Church other than properties held under trusts declared in by Schedule 2 of the United Reformed Church Act 1972 (as amended by the United Reformed Church Acts 1981 and 2000) and those held under other specifically declared trusts.
## Objects
The object of the Charity is the advancement ofthe Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church.
Trustees and their responsibilities Those members of the Elders' Meeting of West Kirby United Reformed Church who are qualified and able to serve as charity trustees are collectively the Charity Trustees of the Charity and are appointed and shall act in accordance with the procedures laid down by the Church Meeting of West Kirby United Reformed Church, which shall be In conformity with the Scheme of Union of the United Reformed Church.
None of the Trustees raceives a salary from the Church and they are rainbursed only for expenses incurred. However the Revd H L Franklin does receive a salary from the central office of the. United Reformed Church. The Church contributes to this through its annual contribution to the Ministry and Mission Fund, (see note 6)
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## West Kirby United Reformed Church Charity Trustees Report
## Year ended 31 December 2021
## Report for 2021
In 2021, despite the pandemic , the Church continued to pursue its objective to advance the Christian falth, guided by its Vision of ‘Connecting your Community to Christ’. Revd. Louise Franklin continued to lead the Church and with her guidance the staff elders and volunteers have combined well to promote the mission of the Church.
The pandemic severely constrained many activities during the first part of the year. Live services gradually restarted, constrained by the prevailing rules. Howeverthe Church was blessed by members with valuable IT skills who enabled us to broadcast regular services via the Internet to those who did not feel able to join us in person. The streaming of our services proved a real benefit as through it several new people made links with the Church and started to to attend the Church as services resumed
Family and Children activities re-started with a particulalry successful Holiday Club and our Mother and Toddler Group also started to meet again
Several Outreach initiatives were held during the year reaching out to our community and to the local business people in particular. We also continued to provide flowering plants for the local railway station, which was much appreciated. Financial Statements
The financial statements for the year ended 31st December 2021 are on pages 3 to 5. The accounting policies are set out in note 1 on page 6 and further explanatory notes are on pages 6 to 11. The main features of the statements are:
- a) The Church incurred a deficit in 2021 of £42,219 in its general income and expenditure. (In 2020 the deficit was £46,112.)
- b) There was a small decrease in the offerings received by the Church, partly because of the restrictions on our ability to hold services during the pandemic. (See Note 2)
- Cc) Our contribution to the URC Ministry and Mission Fund, which is set according to our membership, rose to £42,000 (2020 £41,976; see note 6)
- d) In accordance with a decision made jn 2014 the interest from the Margery Price legacy was credited to the General Fund to help offset the underlying shortfall in the Church's regular income,
- e) In line with Church policy £3,284 was allocated to the Tithe Fund (2020 £2,887). Along with Interest and other gifts, totalling £1,272, the fund had income of £4,556 in 2021 (see notes 18 and 20).
- f) £18,476 was given to Christian good causes in 2021 by the Church and its organisations (2020 - £17,717; see note 41).
- g) Net gains were made in the book value of investments of £64,683 (2020: a gain of £16,289) h) A share of these gains and a transfer of £50,000 from the Margery Price Legacy were credited to the General Fund. So despite the operating deficit the General Reserve at 31 December 2021 increased to £32,977 from £21,637 at the end of 2020 (see note 16).
- i) The church holds the money received from the Margery Price Legacy in a special fund while decisions are made regarding its use. Further transfers to the General Fund are likely to be necessary.
## Prospects and Risks
We pray that the impact of the pandemic will continue to eases during 2022, We are aware that the Church Is likely to experience an annua! financial deficit as it invests to pursue its vision. However it has retained a substanial part of the Margery Price Legacy from which both the income and the capital are available to offset the Imbalance
in the Church's regular income and expenditure.
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The income currently generated by investing the fegacy will reduce as it is used, and offerings have fallen recently, so efforts need to be made to boost Income and to manage costs in order to try to bring the Church's finances into balance. It may take some time to achieve the necessary balance, but the Legacy Fund is sufficient to support our Vision for several more years. -
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## West Kirby United Reformed Church Charity
## Statement of Financial Activitles
## for the year ended 31 December 2021
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Funds|Restricted|Total|Total|
|Notes|General£|Designated£|Funds£|2021£|2020£|
|Incoming|resources|
|Voluntary|Income|2|70,909|180|4,032|72,121|69,306|
|Activities generating|funds|3|3,930|4,154|0|8,084|4,502|
|Grants|Received|4|.|0|1,600|ie]|1,600|1,600|
|Investment|Income|ie}|16,725|0|1,651|18,376|20,029|
|Total Incoming|resources|91,664|5,934|2,683|100,181|95,437|
|Resources expended|
|URC|Ministry|and|Mission|Fund|6|42,000|0|0|42,000|41,976|
|Ministry|7|3,182|0|0|3,182|3,005|
|Premises Costs|(inel|major|repalrs)|8,17|31,347|0|0|31,347|33,993|
|Administrative|costs|9|3,483|44,213|0|47,696|58,734|
|..|Church|organisations|and|activities|10|0|10,331|0|10,331|4,488|
|°°|Donatlons|passed|on|11|0|878|17,598|18,476|17,717|
|Tota!|resources expended|80,012|55,422|17,598|153,032|159,913|
|Net|incoming/{outgolng)|resources|
|before|transfers|11,552|(49,488)|(14,915)|(52,851)|(64,478)|
|Transfers|
|To|Designated|Funds|
|Major|Repairs|17|0|0|0|
|Church organisations|17|(2,591)|2,591|0|0|
|!|StaffDiscipleship Funds|Fund|17|(47,213)0|47,2130|0|“|0|0|
|Outreach|and|Evangelism|17|(683)|683|0|0|0|
|To|Restricted|Funds|
|Tithe|Fund|18|(3,284)|is)|3,284|0|it}|
|(53,771)|50,487|3,284|.|0|0|
|Net surplus/(deficit)|for|the year|(42,219)|999|(1 1|631)|(52,851)|(64,476)|
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## West Kirby United Reformed Church Charity Statement of Movement in Funds for the year ended 2021
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted Funds|Restricted|Total|Total|
|General|Designated|Funds|2021|2020|
|Notes|£|zg|£|£|£|
|Total funds brought forward at 1 January|21,638|94,358|§29,515|605,511|653,698|
|Net deficit for the year|(42,279)|999|(41,631)|(52,851)|(64,476)|
|Transfer to General Reserve|18|§0,000|0|(50,000)|0|0|
|Transfer of dormant funds|17|0|(7,244)|7,244|0|0|
|Movement in value of Investments|42,18|3,558|Q|61,125|64,683|16,289|
|Total funds carried forward at 31 December|32,977|48,1 13|636,283|617,343|606,611|
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Approved by the Trustees at a meeting on 2nd February 2022 and
Accepted by the Annual General Meeting of the Church held on 16th March 2022
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7
AAmf HPO AYAAZ
Signed by Rev'd Louise Frankfin (Chalr of Trustees) Rassient vA ><]
j Signature)
and by James Lindsay (Trustee and Treasurer) Z. ~
(signature) fe
ia
The notes on pages 6 to 11 and the statements on page 412 form part of7] nancial statements
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## West Kirby United Reformed Church Charity
## BalanceAs at 31 DecemberSheet 2021
|FixedAssets
Tangible assets|Notes
1c|Unrestricted Funds
General
Designated
£
£
0
9|Unrestricted Funds
General
Designated
£
£
0
9|Unrestricted Funds
General
Designated
£
£
0
9|Unrestricted Funds
General
Designated
£
£
0
9|Restricted
Funds
£
0|Total
2021
£
0|Total
2020
£
0|
|---|---|---|---|---|---|---|---|---|
|Investments
CurrentAssets
Debtors
Bankbalances
Cash in hand|12
13
14|||30,1147
401
5,136
126|44,995
0
2,744
374|524,619
0
11,634
0|599,731
401
19,514
500|595,048
4,950
7,846
974|
|||||5,663|3,118|11,634|20,415|10,770|
|Current Liabllities
Creditorspayablewithinoneyear|15|||2,803|0|0|2,803|307|
|NetCurrentAssets||||2,860|3,118|11,634|17,612|10,463|
|TotalNetAssets||||32,977|48,313|536,253|617,343|605,514|
|TheFundsoftheCharity|||||||||
|Unrestricted income funds
Genera!
Designated
Total|16
17|||32,977
it)
32,977|0
48,113
48,113|0
0|32,977
48,113
81,080|21,637
§4,358
75,996|
|Restrictedfunds|18|||8)|0|§36,253|§36,253|529,516|
|TotalFunds||||32,977|48,113|536,253|617,343|605,514|
Approved by the Trustees at an Elders’ meeting on 2nd Febraury 2022
Accepted by the Annual General Meeting of the Church held on 16th March 2022
Signed by Rev'd Loulse Franklin (Chair of Trustees)
and by James Lindsay (Treasurer)
The notes on pages 6 to 11 and the statements on page 42 form
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TTAa, Hy
KARAM 20
a ed nature)”
a °
- (signature)
pért f these financlat statements
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Notes to the statement of Financia! activities for the year ended 31 December 2021
## West Kirby United Reformed Church Charity
1a1 BaslsAccounting of accountingPolicies
West Kirby United Reformed Church Charity appears on the Register of Charities under Number 1128869 The financial statements have been prepared in accordance with the Charity Statement of Recommended Practice (SORP - FRS 102) issued by the Charitles Commission, and follow the guldance of the United Reformed Church. The accruals basis of accounting has been adopted and the principal accounting pollcies set out below are applied consistently.
1b Fund Accounting Unrestricted and Designated funds are available for use at the discretion of the Church In furtherance of its charitable objectives. Specific Designated Funds are used to control the finances of the various Church organisations, projects and activities. Restricted funds are subjected to restrictions on their expenditure Imposed by the donor(s), or contained in the terms of a grant. Restricted funds are also used to control the funds collected for the Christian Charities supported by the Church and Its fellowship.
## tc Tangible Fixed Assets
Freehotd property: The owner of the church and manse bulldings is the URC Mersey Synod Trust which holds them in trust for purposes connected with West Kirby URC. The Mersey Synod provides discretionary grants towards major repairs to theEquipment:church and manse.ExpenditureExpenditure on fixtureson andrepairs movable to the Itemschurch costingand manse less thanIs written £5,000off is writtenin the year off Init theIs incurred. year in which It is incurred. Deprectation is provided on movable Items costing £5,000 or over at the following annual rates calculated to write off assets over thelr estimated useful lives. Currently all assets that would qualify have been fully written off in line with this policy
ElectronicMusical Instruments equipment (including computers) 33.33%20% (over(over 5 3 years)years) Furniture 10% (over 10 years) Cars 25% (over 4 years)
41d Incoming resources
All voluntary giving and other routine income, including the tax recovery from donations under Gift Aid, is Included in the period In which It is received. Legacies are accounted for when thelr receipt is certaln and can be properly quantified. te TheResources contribution to expended the URC Ministry & Misslon Fund is paid regularly and charged to the year to which it relates. Resources expended are recognised In the period In which they are Incurred and include attributable VAT which cannot be recovered. Appropriate accruals are made for significant expenses committed but not yet pald at the year end. Expenses are allocated to the particular activity to whlch they relate. No governance costs are currently being incurred. As most of the management and activity of the Church is carried out by volunteers, this intangible cost is not recorded In these financlal statements. This voluntary contribution to the fife of the Church Is incalculable.
tf Taxation . As part of the United Reformed Church, West Kirby URC is an exempt 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 and gains are applied to exclusively charitable purposes. Therefore no provision for taxation has been made in these financial statements.
|2|VoluntaryIncome|Unrestricted Funds
General
Designated|Unrestricted Funds
General
Designated||Restricted
Funds|Total
2021|Total
2020|
|---|---|---|---|---|---|---|---|
||RegularOfferings
Free willofferingsbystandingorder
Freewillofferingsbyweeklyenvelope
Loose offerings|£
48,686
340
2,908
51,934|£|0
0
0
0|£
0
0
0
0|£
48,686
340
2,908
61,934|£
48,108
3,150
2,218
83,476|
||DonationsandLegacies
Incometaxrefunds under GiftAid|8,787
40,188
70,909||0
80°
180|907
425
1,032|9,694
40,493
72,121|4,347
11,483
69,308|
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## West Kirby United Reformed Church Charity Notes to the statement of Financial activities - continued for the year ended 31 December 2021
|for thetheyear endedended31December2021||||
|---|---|---|---|
|for thethe year endedended 31 December 2021|UnrestrictedFunds
Restricted|Total|Total|
|3 Activitiesgeneratingfunds|General
Designated
Funds
£
£
£|2021
£|2020
£|
|Sundrylettings
BibleNotes
ChurchWeekend
EcoFund
FlowerFund
GospelChoir
HolidayandKidzClub
OutreachandEvangelism
ToddlerGroup
Youth activities|3,930
0
1)
0
0
0
1)
0
)
0
50
0
0
0
0
0
19
0
0
342
0
0
848
0
0
1,942
0
0
1,053
0
3,930
4,254
0
UnrestrictedFunds
Restricted|3,930
0
1)
50
0
19
342
848
1,942
4,053
8,184
Total|3,023
0
1)
0
40
0
0
90
4,125
224
4,502
Total|
|4 GrantsReceived
DisclpleshipFund
GrantsfromURG/Synod forYouthActivities|General
Designated
Funds
£
£
£
0
1,500
0
0
0
0
6
1,800
0|2021
£
1,500
0
1,800|2020
£
1,500
400
4,600|
|5InvestmentIncome
Bankand LoanInterest
CCLAEthicalInvestmentFund
InvestecWealth|Unrestricted Funds
Restricted
General
Designated
Funds
£
£
£
1
0
i)
41,619
0
1,197
5,105
0
454
16,725
0
1,651|Total
2021
£
1
12,816
5,559
18,376|Total
2020
£
45
12,996
6,988
20,029|
|6 Ministryand Mission Fund||2021|2020|
|TheChurchcontributestothecentral costsoftheURC inproviding ministers,running
thedenominationandthewidermission oftheNationalChurch.||£
42,000|£
41,976|
||Unrestricted Funds
Restricted|Total|Total|
|7 Ministerialcosts|Genera!
Designated
Funds
£
£
£|2021
£|2020
£|
|Carexpenses
Telephoneandpostage
Books
Otherexpenses
PrayerandotherMinistry(Including pulpitsupply)
Worship materials|2,300
0
0
2,300
637
0
0
637
68
0
0
68
45
0
0
45
0
0
0
0
432
0
0
132
3,182
0
0
3,182
==——————————————_————SSoow||1,731
623
82
100
327
142
3,006
—_—___|
||Unrestricted Funds
Restricted|— Total|Total|
|8 Premisescosts|General
Designated
Funds
£
£
£|2021
£|2020
£|
|Caretakingandcleaning
Catering
HeatandLight
insurance
CouncilTax
Watercharges
Repairsandmaintenance
Musica!instruments (repairsandtuning)
Equipment(small items)
Majorprojects (Church Lighting)|8,892
0
0
83
0
0
5,182
0
0
3,888
0
0
1,803
0
0
4,809
0
0
8,246
0
0
0
0
0
1,444
0
0
0
0
0|8,892
83
5,182
3,888
1,803
1,809
8,246
0
1,444
0|8,663
130
5,691
4,279
1,722
2,236
4,361
340
0
6,571|
||31,347
0
!]
31,347
——
ee||33,993
=—————_—_—_—|
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## West Kirby United Reformed Church Charity
**----- Start of picture text -----**
Notes to the statement of Financial activities - continued
for the year ended 31 December 2021
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|for the year ended 31 December 2021the year ended 31 December 2021|for the year ended 31 December 2021the year ended 31 December 2021year ended 31 December 2021ended 31 December 202131 December 2021December 20212021|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|for the year ended 31 December 2021the year ended 31 December 2021|for the year ended 31 December 2021the year ended 31 December 2021year ended 31 December 2021ended 31 December 202131 December 2021December 20212021|Unrestricted Funds _Restricted|||||Restricted||Total|Total||
|9|Administrative costs|General||Designated|||Funds||2021|2020||
|||£||£|||£||£||£|
||Staffand Related Costs||0|44,213||||0|44,213||55,287|
||Telephone and IT|1,057||||0||0|4,057||1,348|
||Printing,postageandstationery|1,233||||0||0|1,233||1,123|
||Seminars, conferences and training||0|||0||0|0||42|
||Subscriptions
Sundry expenses|724
469
3,483||0
0
44,213||||0
0
0|724
469
47,896||705
279
68,734|
|10|CostsofChurchorganisationsand|Unrestricted Funds
Genera!
Designated|||||Restricted
Funds||Total
2021|Total
2020||
||activities (see Note 17}
Discipleship
Bible Notes|£|)
0|£|3,343
0||£|0
0|£
3,343
0||£
49
20|
||Churchweek-end(bl-annual)||0|||1)||0|0||0|
||FlowerFund||0|||10||0|10||19|
||Gospel Cholr||0|||0||0|0||0|
||Holidayand KidzClub
Break-out
OutreachandEvangelism
Something New||0
0
0
0|||711
161
1,431
0||0
0
0
0|714
164
1,431
0||0
63
502
72|
||Time forGod||0|||17||0|17||1,847|
||Toddlers
Youth Activities||0
4,544
0
3,114
10,331|||||0
0
0|1,544
3,114
10,331||1,632
314
4,488|
|||Unrestricted Funds =|||||Restricted||—-Total|Total||
|11|Donationsand Gifts passedon|General||Designated|||Funds||2021|2020||
||Toddlers
Churches Together InWestKirby|£|0
0|£||778
100|£|0
0|£
778
100||£
668
0|
||Ann Fursdon/AIM||i]|||0||4,282|4,282||1,504|
||CharlesThompsonMission||0|||0||0|0||200|
||EvangelicalAlliance||0|||1)||150|150||150|
||Leprosy Mission||0|||0||655|655||459|
||Reach||0|||0||3,000|3,000||3,000|
||Safe Famifles forChildren||0|||0||1,000|1,000|.|1,000|
||Tearfund Malawi Project||0|||0||0|0||3,000|
||Visible Minlstries
WirralYouthforChrist||0
0|||0
0||2,000
4,800|2,000
4,800||2,000
4,800|
||Other||0|||0||622|622||0|
||MissWO Evans Fund||0|||0||1,089|1,089||936|
||||0|||878|17,698||18,476||17,717|
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West Kirby United Reformed Church Charity
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## Notes to the statement of Financial activities - continued for the year ended 31 December 2021
|Notes to thethe statement of Financial activities - continuedcontinued
for the year ended 31the year ended 31year ended 31ended 3131 December 20212021||||||
|---|---|---|---|---|---|
|12 Investments|UnrestrictedFunds
General
Designated||Restricted
Funds|Total
2021|Total
2020|
|Orginal investment values -Cost
CCLA/CoifEthicalInvestmentfund(2021 -148.906units)
InvestecWealth
Total
Cumultativeunreallsedgainsto31stDecember2021
CCLA/CoffEthical investmentfund
InvestecWealth|g£
11,719
4,504
16,223
11,713
2,181|£
16,623
7,922
24,545
16,614
3,836|£
204,726
77 689
282,395
204,621
37,803|£
233,068
90,095
323,163
232,948
43620|£
244,140
118,968
363,108
186,084
45,855|
|Total|13,894|20,450|242,224|276,568|231,939|
|Market Value -as at 31st December2021
CCLA/CofEthicalInvestmentfund
InvestecWealth
Totalmarketvalue|23,432
6,685
30,117|33,237
11,758
44,095|409,348
115,271
524,619|466,017
133,714
599,734|430,224
184,824
595,048|
|Note: NetInvestment gainsof£64,683wereaccrued In2021 (2020agalnof£16,289). Annualgainsor losssarecredited/charged
totheGeneral Fund andotherfunds In proportion thelrholding intheinvestments. (theallocation to Restricted Funds Isshown||||||
|in Note 18.)||CCLAICoif|Investec|Total||
|Movements InInvestmentFunds Inthe year||Ethica]Fund|Wealth|||
|Openingbalance-1stJanuary2021
Purchases Sales) intheyear
Unrealised gainintheyear
Ctoaingbalance-31stDecember2021|;|£
430,224
(20,000)
55,793
466,017|£
164,824
(40,000)
8,890
133,714|£
595,048
(80,000)
64,683
590,731||
|413 Debtors|UnrestrictedFunds
General
Designated||Restricted
Funds|Total
2021|Total
2020|
||£|£|£|£|£|
|Recoveryduefrom StDavidsEastham
Welfareloans|404
0
401|)
0
0|0
0
0|401
0
401|450
1,500
1,950|
||Unrestricted Funds||Restricted|Total|Total|
|44 BankBalances|General|Designated|Funds|2021|2020|
||£|£|£|£|£|
|SantanderCurrentAccount|1,401|944|400|2,745|3,841|
|SantanderDepositAccount|3,735
5,136|1,800
2,744|11,234
11,634|16,769
19,544|4,205
7,846|
||Unrestricted Funds||Restricted|Total|Total|
|45 CreditorsandotherCurrentLiablilties|General
£|Designated
£|Funds
£|2021
£|2020
£|
|Accrualforcommittedexpenses
Paymentsreceived Inadvanceforhalllettings|2,778
25
2,803|[e)
0
0|0
0
0|2,778
25
2,803|0
307
307|
Note: As stated in Accounting Policy te, appropriate accruals are made for significant expenses incurred or committed but not yet pald.
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West Kirby United Reformad Church Charity
Notes to the statement of Financial activities - continued
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for the year ended 31 December 2021
## 16 General Funds
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Tho movements in the General Funds of the Church In the years from 2015 to 2021 were as follows:
2018 2016 2017 2018 2019 2020 2021
£ £ £ £ £ £ £
Opening balance 18,659 65,580 62,226 50,652 30,608 7,067 21,638
income 189,084 137,734 134825 138,579 118,847 88,793 91,564
Expenditure (84,490) (85,672) (91,785) (94,414) (85,823) (75,870) (80,012)
Transfers to Funds (67,583) (65,516) (87,937) (62,014) (62,510) (69,035) (53,771)
Transfers to General Fund (gee note) 4) 0 ft) ) 8,489 60,000 50,000
Realised and Unrealised Galne/Losses 0 ft) 3323 (195) 266 683 3,558
Closing batance rr66,680 62,226 60,652 30,608 7,087 21,638 32,977
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Note: The large legacy recaived between 2011 and 2013 Is held In a Restricted Fund while decisions are made about its use (See note 19). Substantial transfere have been made from this fund to the General Reserve in recent years to offeet the annual deficit Income from this legacy has been credited to the General Fund from 2014 onwards, as were smaller legacies and donations.
17 Designated Funds As stated in Accounting Policy 1b, specific Designated Funds are used to control the Income and expenditure of the various Church organisations, activities and speolal projects. Granta are provided by the general fund of the Church to the organisations every year to help meet thelr costs. Some are also suported by grants from the Margery Price Legacy. These funds Inchide: Staff Funds: These funde are used to monitor and control the employment of our Youth Worker and Communications Manager. The costs incurred are mat by transfers from the General Fund sach year while maintaining a balance of £28,000 to meet the possible cost of any severance/redundancy payments thet might prove necessary. The Discipleship Fund which were set up In 2014 by a grant from the Margery Price Legacy to provide support for Church Members to attend tralning or other discipleship activities.
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The movements in the Designated Funde during the year were ae follows:
balanceOpening at fromitoGrants toffromTransfersMP Income,Other Expenditure balanceClosing at©
4st Jan 2024 General Legacy Fund donations in year 31 Deo
Funds gecy end grants 2021
Major Projects £ £ £ £ £ £
Church - Re-ordering and improvement (see Note a) 429 0 (429) ft) 0 0
Sub-total Major Projects 429 0 (429) 0 0 0
Church Organleations and activities
Bible Notes ) 0 i) 0 i) 1)
Break-out it) 161 0 is) {161) it)
Church week-end (200) it) 0 (0) 0 (200)
Eco Fund 0 0 0 60 fe) 50
Flower Fund 73 ) 0 4) (10) 63
Gospel Cholr K 0) i?) 0 19 0 49
Holiday Club and Kidz Club 0 389 0 342 (711) 4)
Something New 0 i) 0 0 0 ie)
Time for God (see Note b) 8,832 0 (6,816) ) (7) 0
Toddlers (see Nota 0) 574 0 0 2,122 (2,322) 374
Youth Activities 324 2,061 t) 4,053 (3,144) 324
Sub-total Church Organisations and activities 7,633 2,691 (6,815) 3,588 (8,335) 680
Discipleship Fund 21,296 0 0 1,500 (3,343) 19,453
Outreach and Evangelism (see Note d) ) 683 0 848 (1,531) 1)
Staff Funds 25,000 47,213 0 if] (44,213) 28,000
Total Designated Funds: a54,368 50,487 (7,244) 8,034 (55,422) 48,113
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Note a: The Church Major Projects Fund controtied the costs of the Re-ordering Project. The maln work was completed In 2018
and residual work in 2019 and 2020. The remalning batance has now been transferred back to the Legacy fund.
Note b: This fund supported the Time for God Students working on Children and Youth projects , Grants by the Church and gifts from mambere supported this work. Unfortunately the Students had to withdraw early In 2020 and the balance of the fund has been transferred back to the Legaoy Fund
Note o: Expenditure by Toddlers for 2021 included £778 given to various charities (see note 11). Note d: Outreach and Evangelism activities continued during the year when possible to maintain contact with and reach out to our community . Varlous events were held and we also provided plants for West Kirby Rallway Station.
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## West Kirby United Reformed Church Charity Notes to the statement of Financial activities - continued for the year ended 31 December 2021
## 18 Restricted Funds
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As etated in the Accounting Polley 1b, the Church uses specific Restricted Funds to contro! money donated by the Church and its fellowship to
support Christian Charities and activities. In addition, the Church malntains three established Restricted Funds for specific purposes of which two
(theMovements Miss ¥VO In theEvans RestrictedFund and Funds the Margery in 2021 were Price areLegacy) follows: were set up on receipt of substantial legacies.
Opening Grants from the Income, Grants and realleed gal and Closing
balance at =‘Tithe Fund and transfers and =Donatlons passed invextnents (see balance at
1st Jan21 other transfers donations on note 12) 3 Dec 21
£ £ £ £ £ £
Ann Furedon/AIM 2,106 2,500 0 (4,282) 0 324
Charles Thompson Mission ie] ie] QO 0 oO 0
Church Wesk-end Bursary Fund 1,176 0 0 0 0 1,176
Evangelical Allance 1) 150 0 (150) ft) 0
Leprosy Mission 0 300 355 (655) 0 it]
Reach ) 3,000 0 (3,000) 0 0
Safe Familles for Chitdren 0 1,000 (0) (1,000) 4) 0
Tearfund (Malawi) Q 0 0 0 it) 0
Visible Ministries 0 2,000 0 (2,000) 0 0
Wirral Youth for Chriet Q 4,800 ie) (4,800) 0 i]
Miss WO Evans Fund 13,327 ie] 1,031 (1,089) 1,592 14,861
Other 0 597 25 (622) 0 0
Sub-total 16,608 14,347 1411 (17,598) 4,692 18,360
Margery Price Legacy (see Note 19) 472,075 (50,000) 7,244 0 55,764 485,083
‘ Tithe Fund (see Note 20) 40,832 (14,347) 4,556 9} 3,769 34,810
Total $29,616 {50,000) 13,211 (17,598) 61,125 636,253
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## 19 Margery Price legacy
The total recelved between 2011 and 2013 from Margery Price's estate was £1,083,392. 10% (£108,339) was set aside to create the Margery Price Tithe Fund (ater merged with the Fund for Christian Organteations to form the Tithe Fund’, leaving £975,053 in the maln legacy fund. From the legacy fund various grants have been made- at feast partly offset by gains from investing the funds. However the substantial expenditure on the Re-ordering Project resutted In a significant reduction In this fund during 2016, 2017 and 2018.
From 2014 onwards, all income received from the interest and dividends generated by Investing the Legacy Fund has been credited to the General Fund to help offset some of the underlying deficit in the regular income and expenditure of the Church. In 2020 £60,000 and In 2021 £50,000 was trangferred to the General Fund to offeet the continuing shotfall, Further similar transfers are likely to be necessary In future yeara. 20 Tithe Fund The Tithe Fund was created at the beginning of 2015 by the merger of the established Fund for Christian Charities and the MP Tithe Fund, which was set up with 10%of the receipts from the Margery Price legacy. The combined fund is now the main channel by whichthe Church supports related Christian charities and good causes. 10% of the net regular income of the Church (exctuding investment income from the Lagacy Fund and after deducting #s contributlon to the URC Ministry and Mission Fund) along with the appropriate share of capital gains is credited to the fund each year. From the fund, one-off or regular gifts are made as agreed by the Church Meating.
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West Kirby United Reformed Church Charlty
Notes to the statement of Financial activities - continued
for the year anded 31 December 2021
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Treasurer's Statement
| have prepared the financial statements on pages 3,0 5 for the year ty31 ember 2020 (and the supporting notes
on pages 6 to 11) in accordance withthe accou policies of the GKurgh.
‘
f_- eettitithititit AdLACEDAAAAR ARATE
James Lindsay [Barr 27 oy
16th March 2022
independent Examiner's Report tothe Trustees of West Kirby United Reformed Church
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! report on the financial statements of West Kirby United Reformed Church for the year ended 31 December 2020, which are set out on pages 3 to 6 and the supporting notes on pages 6 to 11. Respective responsibilities and basls of report As the charity trustees of the Church you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 (‘the Act’).
t report in respect of my examination of the Church's accounts carried out under sectlon 145 of the 2011 Act and in . carrying out my éxamination.|-have followed ali the applicable Directions given by the Charity[Commission][under] section 145(5){b) ofthe Act.
## Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented and seeking explanations concerning any such matters. The procedures undertaken do not provide ail the evidence that would be regulred In an audit, and consequently [ do not express an audit opinion on the view given by the financial statements.
Independent Examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any materia! respect:
4. accounting records were not kept In respect of the Church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and falr view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters In connection with the examination to which attention should be drawn In this report in order to enable a properpace accounts to be reached. with tie: Fe he Signed by the Independent Examiner Mans = im) 418th March 2022 Tim Pugh 30 Queensbury West Kirby Wirral CH48 6EP
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