| aw * h West Ya Kirby CompeckingUnited Reformedyour ¢ enmseneyChurchba Clivist ## Report and Financial Statements 31 Year ended December 2023 Page Contents Trustees Report 1-2 Statement of Financia! 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 | Page 1 | | | . | | | ## West Kirby United Reformed Church Charity Trustees Report Year ended 31 December 2023 The Trustees submit their annuaf report and statement of accounts for the year ended 31 December 2023. The report and statement of accounts were approved at a meeting of the Elders and Trustees on 7th February 2024 and presented to and accepted by the Annual General Meeting of the Church on 28th February 2024 ## 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 2023 were: Revd H L Franklin Chairperson Mr R A Jackson Mrs S Jackson Appointed 15th March 2023 MrS P Lakin : Mr J Lindsay Treasurer Mrs JR Merrin Appointed 15th March 2023 Mrs L M Ryan Appointed 15th March 2023 Mr C Usher Church Secretary Mrs J A Usher Nirs E M Wilson **----- Start of picture text -----**
Mr A P Wilson
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| | ## 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 of the Christian faith for the benefit of the public in accordance with tha 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 shail 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 receives a salary from the Church and they are reinbursed 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) ; | | | | | | **----- Start of picture text -----**
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Page 2 | | | | | | i | | | } ; West Kirby United Reformed Church Charity Trustees Report Year ended 31 December 2023 Report for 2023 In 2023 the the Church continued to pursue its objective to advance the Christian falth, guided by its Vision of ’ Connecting Connecting your Community Community to Christ’. Revd. Loulse Franklin continued to fead the Church and with her guidance the guidance the the Elders, Staff and Volunteers have combined well to promote the mission of the the Church. She also serves St Davids URC, Eastham. A bereavement bereavement course was run and was much was much much appreciated by those who those who who attended. Further similar course course are planned. A successful successful Holiday Club was Club was was held in the summer and the summer and summer and and our new initiative new initiative initiative - the Family Celebration, Celebration, was held once once a month. it provides an informa! form form of worship that worship that that serves members, members, visitors, families and and children. Further Youth Youth and Children's activies were were launched including a ‘Drop in' for primary school primary school school children on Fridays. Our Mother Mother and Toddler Group grew grew again after the the pandemic and and Toddlers for Dads Dads met once a month in term time. We also hosted a ’schoo!' for Ukrainian families once a week In 2023 the the Church continued to pursue its objective to advance the Christian falth, guided by its Vision of ’ Connecting Connecting your Community Community to Christ’. Revd. Loulse Franklin continued to fead the Church and with her guidance the guidance the the Elders, Staff and Volunteers have combined well to promote the mission of the the Church. She also serves St Davids URC, Eastham. A bereavement bereavement course was run and was much was much much appreciated by those who those who who attended. Further similar course course are planned. A successful successful Holiday Club was Club was was held in the summer and the summer and summer and and our new initiative new initiative initiative - the Family Celebration, Celebration, was held once once a month. it provides an informa! form form of worship that worship that that serves members, members, visitors, families and and children. Further Youth Youth and Children's activies were were launched including a ‘Drop in' for primary school primary school school children on Fridays. Our Mother Mother and Toddler Group grew grew again after the the pandemic and and Toddlers for Dads Dads met once a month in term time. We also hosted a ’schoo!' for Ukrainian families once a week Several Outreach initiatives were held during the year reaching out to our community and to the focal business people in particular. We also continued to provide flowering pfants for the locaj railway station, which was much appreciated. Financial Statements The financial statements for the the year ended ended 31st December 2023 are 2023 are are on pages 3 to 5. The accounting policies are set in note 1 on page 6 and further explanatory notes are on pages 6 6 to 11. The main features of the the statements are: a) The Church General Fund incurred a deficit in 2023 of £49,853 in {ts general income and expenditure. (In 2022 the deficit was £50,460.) The financial statements for the the year ended ended 31st December 2023 are 2023 are 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 6 to 11. The main features of the the statements are: - b) There was a a substantial increase in the offerings received by the Church, partly thanks to new members who felt able to start making gifts. (See Note 2) - c) Our contribution to the URC Ministry and Mission Fund, which is set according to our membership in the previous year, was £37,500 (2022 £36,000; see Note 6) - d) {n accordance with a decision made In 2014 the interest from the Margery Price legacy was credited (=) toInterest the General from Investments Fund to helpof offset £1,331 the underlyingwas apportioned shortfallto Restrictedin the Church'sFunds; regular£927 was income.allocated to the Tithe Fund and £404 to the Evans Fund. - f) In tine with Church policy £5,784 was allocated to the Tithe Fund (2022 £6,209) from the General Fund. Total income for the Tithe Fund of £6,714 in 2023, allowing It to fund gifts of £7.050 (see Notes 18 and 20 on page 11). - 9) In 2023 £11,002 was given to Christian good causes by the Church and its organisations from Designated and Restricted Funds (2022 - £11,001). - h) There were net unrealised gains of £34,651 in the market value of investments (2022: a loss of £63,778). There was also a realised gain of £1,249. (2022 a loss of £3,854), making total gains £35,900 (2022 a loss of £67,632) - i) £55,000 from the Margery Price Legacy were credited to the General Fund. Combined with the share of galns on investments, this offset the operating deficit so the General Fund Reserve at 31 December 2023 stood at £38,490 - D 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 to offset future operating deficits. - k) A special fund was set up during the year to allow the Church to employ a Worship Development Coordinator ) St David's URC Eastham contributes 25% of the relevant expenses incurred by our Minister ## Prospects and Risks | } | We pray that the recent growth in membership and offerings may continue but we are aware that the Church is {ikely to experience further annual financial deficits as it Invests to pursue Its Vision. However It has retained a substanlal 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. The income currently generated by investing the legacy will reduce as it Is used, and although offerings have risen recently, efforts need to continue to boost income and to manage costs In order to bring the Church's finances into . balance. It may take some time to achieve this, but the Legacy Fund is sufficient to support our Vision for several more years. | | Page 3 || | | : ii | | | | | | | | | | | | | i i i | | | | ) ## West Kirby United Reformed Church Charity ## forStatement of Financial Activities the year ended 31 December 2023 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Funds|Restricted|Total|Total| |Notes|General|—|Designated|Funds|2023|2022| |IncomIng|[resources]|£|£|£|£|£| |ActivitiesVoluntary|income|2|81,390|577|1,088|83,055|88,810| |Grants|generating funds|3|13,833|18,304|0|32,137|25,023| |Recelved|4|0|15,080|0|15,080|4,350| |Investment Income|5|14,060|ie)|1,331|16,391|16,634| |Total Incoming|resources|109,283|33,961|2,419|145,663|134,817| |ae|1|EL|———| |Resources expended| |URC|Ministry and Mission Fund|6|37,500|0|0|37,500|36,000| |Ministry|7|4,132|0|0|4,132|4,456| |Premises Costs (incl major repalrs)|8,|17|44,389|0|0|44,389|52,256| |Administrative|costs|9|4,013|60,013|0|64,026|62,743| |Church organisations and activities|10|0|19,362|0|19,362|18,782| |Donations passed on|1t|0|1,359.|9,643|-|141,002|-|11,001| |Total resources expended|90,034|80,734|9,643|180,414|185,238| |Net incoming/(outgoIng)|resources| |Transfers| |before transfers|19,249|(46,773)|(7,224)|(34,748)|(50,421)| |To Designated Funds| |Church organisatlons|17|(2,904)|2,904|0|0|0| |Discipleship Fund|17|0|0|0|0)|0| |Staff Funds|17|(60,013)|60,043|0|0|0| |Outreach and Evangelism|17|{401)|401|0|0|e]| |To|Restricted|Funds| |Tithe Fund|18|(5,784)|Q|5,784|0|0| |(89,102)|63,318|5,784|0|0| |Net|$e|—| |surplus/(deficit) for the year|(49,853)|18,545|(1 440)|(34,748)|(50,421)| **----- End of picture text -----**
} i i i Page 4 j | ## West Kirby United Reformed Church Charity ## Statement of Movement in Funds for the year ended 2023 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| ||| |Unrestricted Funds|Restricted|Total|Total|i| |Notes|General£Designated£Funds|2023|2022|i| |Total funds brought forward|at|1 January|29,654|47,981|421,655|499,290|617,343| |Net deficit for|the year|(49,853)|18,545|(1,440)|(34,748)|(50,421)||| |Transfer|to General Reserve|16,18|55,000|0|(55,000)|0|0||;| |Reallsed gains from sale of Investments|12,18|1,249|0|0|1,249|(3,854)|:| |Unreatised gain/(loss) in value of investments|12,18|2,440|0|32,211|34,651|(63,778)| |Total funds carried forward at 31 December|38,490|64,526|397,426|500,442|499,280| |]| ||| ||| ||| |Approved by the Trustees at a meeting on 7th Februery by the Trustees at a meeting on 7th Februery the Trustees at a meeting on 7th Februery Trustees at a meeting on 7th Februery at a meeting on 7th Februery a meeting on 7th Februery meeting on 7th Februery on 7th Februery 7th Februery Februery|2024 and and||| |Accepted|by|the Annual General Meeting ofthe Church Annual General Meeting ofthe Church General Meeting ofthe Church ofthe Church Church|held on on|28th February February|2024|j|| **----- End of picture text -----**
Approved by the Trustees at a meeting on 7th Februery by the Trustees at a meeting on 7th Februery the Trustees at a meeting on 7th Februery Trustees at a meeting on 7th Februery at a meeting on 7th Februery a meeting on 7th Februery meeting on 7th Februery on 7th Februery 7th Februery Februery 2024 and and Accepted by the Annual General Meeting ofthe Church Annual General Meeting ofthe Church General Meeting ofthe Church ofthe Church Church held on on 28th February February 2024 **----- Start of picture text -----**
Signed by Rev'd Louise Franklin (Chair of Trustees) > AL 1/, >) B
(sigrfayire)
and by James Lindsay (Trustee and Treasurer) ‘
“ (sifnature)
The notes on pages 6 to 11 and the statements on page 12 form part of thess Fhancial statements
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i | \ | 1 | i | Page 5 | | | i | | | i ; | | | | | : ; | } | | ## West Kirby United Reformed Church Charity ## AsBalanceat 31 SheetDecember 2023 **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted| |General|Funds|Restricted|Total|Total| |Notes|Designated|Funds|2023|2022| |Fixed|Assets|£|£|£|£|£| |Tanglble assets|1c|OO0|0|@|0|id]| |Investments|12|36,943|49,995|391,061|477,999|482,099| |Current Assets| |Debtors|13|1,908|0|1,500|3,408|2,086| |Bank balances|14|2,589|13,024|4,865|20,478|16,615| |Cash|in|hand|NN106|1,507|0|1,613|1,739| |Current|Ltabilltles|4,601|14,531|6,365|25,497|20,440| |Creditors payable within one year|16|3,054|0|0|3,054|3,249| |Net Current Assets|1,547|14,531|6,365|22,443|17,191| |Total Net Assets|38,490|84,526|397,426|500,442|499,290| |The Funds of the Charity| |Unrestricted|Income funds| |General|16|38,490|0|0|38,490|29,654| |RestrictedDesignatedTotal|17|oe.38,4900|SS64,52664,526 —|EE0|103,01664,526 EEa47,98177,635| |funds|18|0|0|397,426|397,426|421,655| |ee|nas|Le|ees| |Total Funds|~__._38,490 ___—*64,526_|307,428|500,442|400,500| **----- End of picture text -----**
> AcceptedApproved byby thethe Annual TrusteesGeneral at an Elders’Meeting meetingof the onChurch 7th Februaryheld on 202428th February 2024 **----- Start of picture text -----**
Signed by Rev'd Louise Franklin (Chalr of Trustees) ee). 234
and 4 (signature)
A
by James Lindsay (Treasurer) ¢ Lot,.
Lf Gate (signature)io, Teh
The notes on pages 6 to 11 and the statements on page 12 for ke of these financlal statements :
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Page 6 | : | : j | | | i | | } | | | i | H | | | | | : ‘ | || l| | ## West Kirby United Reformed Church Charity Notes to the statement of Financlal activities for the year ended 31 December 2023 **----- Start of picture text -----**
1 Accounting Policies
ta Basis of accounting
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 -
TheFRS 102)accrualsIssuedbasis by ofthe accounting Charities Commission,has been adopte an d followand thetheprinc gu i dp a lnceaccounting of the Unitedpolicies Reformed set out Church. below are applied consistently.
1b Fund Accounting
Unrestricted and Designated funds are avallable for use at the discretion of the Church In furtherance of Ite charitable objectives.
Specific Designated Funds are used to control the finances of the varlous Church organisations, projects and activities.
Restricted funds are subjected to restrictlons on their expenditure Imposed by the donor(s), or contalned in the terms of a grant.
Restricted funds are also used to control the funds collected for the Christian Charitles supported by the Church and its fellowship.
1c Tangible Fixed Assets ;
Freehold 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
the church and manse. Expenditure on repalrs to the church and manse is written off in the year It is Incurred.
Equipment: Expenditure on movable items costing less than £10,000 is written off in the year In which It Is incurred.
Depreciation is provided on movable items costing £10,000 or over at the following annual rates calculated to write off assets
over thelr estimated useful lives. Currently all assets that would quailify have been fully written off in line with this policy
Electronic equipment {including computers) 33.33% (over 3 years}
Musical Instruments 20% (over 5 years)
Furniture 10% (over 10 years)
1d Incoming resources
All voluntary giving and other routine Income, including the tax recovery from donations under Gift Ald, is included
In the period In which it Is recelved. Legacies are accounted for when their receipt Is certain and can be properly quantified.
1e Resources expended
TheResources contribution expended to theare URCrecognised Ministry &in Misslon the peried Fundin which is paid they regularly are Incurred and charged and Include to the yearattributable to which VATit relates. which cannot be
fecovered. Appropriate accruals are made for significant expenses committed but not yet paid at the year end.
Expenses are allocated to the particular activity to which 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
1f Taxationrecorded in these financial statements. This voluntary contribution to the life of the Church is incalculable.
. Ai s partpotentially of the exempt United Reformed from taxation Church,in respec Wes t Kirbyof Income URC and is ancapital exempt gains charity within received to the the m e xtentaning that of the such Taxesincome Acts. andAccordingly galns are it
2 appiled to exclusively charitable purposes, Therefore no provision for taxation has been made in these financial statements.
Voluntary income Unrestricted Funds Restricted Total Total
Regular Offerings General£ Designatedg Funds£ 2023£ 2022£
Free will offerings by bank transfer 59,414 0 0 59,414 55,393
Free will offerings by credit card 594 0 0 594 370
Free will loose offerings 3,749 0 if) 3,749 3,690
Donations 63,757 0 0 63,757 59,453
Income and Legacies 3,898 0 1,088 4,986 14,817
tax refunds under Gift Aid 13,735 577 0 14,312 14,540
a 81,390 577 4,088 83,055 —_=_—88,810
Note: Donations and legacies for 2022 inludes £12,586 received form the estate pf Miss M. Price
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| | ; : | : | | | | | : | | | | t | i | | : | j | | | |; | | ; ## West Kirby United Reformed Church Charity ## Page 7 Notes to the statement of Financial activities - continued for the year ended 31 December 2023 |3 Actlvitles generating funds|Unrestricted Funds _—Restricted
General
Designated
Funds|Unrestricted Funds _—Restricted
General
Designated
Funds|Unrestricted Funds _—Restricted
General
Designated
Funds|Total
2023||Total
2022| |---|---|---|---|---|---|---| ||£|£|£|£||£| |Sundrylettings
ChurchWeekend
Eco Fund
FlowerFund
Worshlp/ MusicTracks
HolidayCuband FamilyCelebration
Outreach and Evangelism
ToddlerGroup
Worshlp Development|13,833
0
0
0
0
0
0
0
0|(¢]
0
0
20
360
713
1,030
4,978
10,280|0
0
0
0
0
ie)
0
0
0|13,833
0
0
20
360
713
1,030
= -4,978
10,280||11,612
4,403
0
0
1,090
390
1,240
4,881
0| |Youth activities|0
13,833|923
18,304|0
0|923
32,137||1,507
26,023| |4 GrantsReceived|Unrestricted Funds
_—
General
Designated
£
£||Restricted
Funds
£|Total
2023
£||Total
2022
£| |Worship DevelopmentSynodGrant|0|8,500|0|8,500||0| |CowardTrust for Discipleship
GrantfromSynodtowards Fuel costs
Grant forUkraineSupport|6
0
0|1,500
0
0|0
0
850|4,500
0
860||0
1,000
850| |GrantsfromURC/Synod forYouthActivitles|0
0|5,080
15,080|0
850|6,080
16,930||2,500
4,350| |§ investmentIncome|Unrestricted Funds
General
Designated
£
£||Restricted
Funds
£|Total
2023
£||Total
2022
£| |Bank and Loan Interest
CCLAEthicalInvestmentFund
InvestecWealth
6 MinistryandMissionFund|117
10,127
3,816
14,060|0
0
0
0|0
1,334
0
1,331|117
11,458
3,816
16,391
2023||6
12,395
4,233
16,634
2022| |TheChurchcontributestothecentralcostsoftheURCin
thedenomination and thewider mission oftheNatlonal|inproviding ministers, running
Church.|||£
37,500|:|g
36,000| |7 Minlsterlalcosts|Unrestricted Funds
Generat
Designated||Restricted
Funds|Total
2023||Tota!
2022| |Carexpenses
Telephone Inclmobliephoneand Broadband
Books
Otherexpenses
Prayerand other Minlstry {including pulpitsupply)|£
2,489
810
183
78
232|3
4)
6
0
0
0|£
ft)
6
0
0)
0|£
2,489
810
163
78
232||£
2,974
677
123
240
99| |Worshipmaterlats|360
4,132|0
0|0
0|360
4,132||343
4,456| |Note: Thesecosts are net of the contribution made by St David's URC, Eastham||||||| ||Unrestricted Funds
_—Restricted||Restricted|Total||Total| |8 Premises costs|General|Designated|Funds|2023||2022| ||£|£|£|£||g| |Caretaking and cleaning
Catering|13,045
817|0
0|0
0|13,045
817||12,145
468| |Heatand Light (Gross -see Note)|10,808|0|0|10,808||10,488| |Insurance|4,621|0|0|4,521||4,118| |Council Tax|4,954|0|fc)|1,954||1,868| |Watercharges|2,257|0|0|2,257||1,810| |Repairs and maintenance|9,980|0|0|9,980||20,788| |Musical instruments (repalrs and tuning)|379|0|0|379||305| |Equipment (smail items)|628|0|0|628||267| ||44,389|0|0|44,389||52,256| Note: A grant of £1,000 was received from the URC Mersey Synod In 2022 to help with Heat and Light costs Page 8 | | | ; | | | | | | : | | | | ! | ] | j ## West Kirby United Reformed Church Charity ## Notes to the statement of Financial activities - continued for the year ended 31 December 2023 |||Unrestricted Funds|Unrestricted Funds|Unrestricted Funds|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |9|Administrative costs|General||Designated|Funds|2023|2022| |||£||£|£|£|£| ||Staffand Related Costs||0|60,013|0|60,013|57,793| ||Telephone and IT|1,038||0|0|1,038|1,000| ||Printing,postage and stationery
Seminars, conferencesandtraining
Subscriptions
Sundryexpenses|4,455
58
831
631
4,013||0
0
0
0
80,013|0
1)
0
0
0|1,455
58
831
631
64,026|1,327
290
772
1,564
62,743| |10|CostsofChurchorganisationsand|Unrestricted Funds
General
Designated|||Restricted
Funds|Total
2023|Total
2022| ||activities (seeNote 17)
Discipleship|£|0|£
1,650|£
0|£
4,650|£
1,765| ||Churchweek-end (bi-annual)||0|0|0|0|4,774| ||Flower Fund||0|19|0|19|14| ||Holiday Club and Family Celebration
Break-out
OutreachandEvangellsm
Toddlers||0
i)
1)
0|659
58
4,281
4,546|0
1)
0
0|659
58
1,281
4,546|529
29
4,817
3,176| ||Worship Development||0|4,392|0|4,392|0| ||Worship/Music Tracks||0|138|0|138|936| ||YouthActivities||0
0|6,619
19,362|0
0|6,619
19,362|5,745
18,782| |11|Donationsand Gifts passedon|UnrestrictedFunds
—_—Restricted
General
Designated
Funds||||Total
2023|Total
2022| |||£||£|£|£|£| ||Toddlers||0|1,209|0|1,209|1,073| ||ChurchesTogether InWestKirby
AnnFursdon/AIM
EvangelicalAlliance
GoodNews forEveryone(Gideons)||1)
)
0
0|150
0
0
0|1)
0
150
500|150
1)
150
500|150
550
150
0| ||LeprosyMission||0|0|592|592|470| ||Open Doors
Reach||0
0|0
0|710
3,000|710
3,000|0
3,000| ||Safe Families for Children||0|0|0|0|678| ||Ukraine Support||0|0|265|265|1,050| ||WirralYouth forChrist
Other||0
0|0
0|2,400
9|2,400
9|2,800
300| ||MissWO Evans Fund||0|0|2,047|2,017|780| ||||0|1,359|9,643|11,002|11,004| | i i } Page 9 West Kirby United Reformed Church Charity :| j | | i | i | | ; | | | | :| : | | : } | | ## Notes to the statement of Financial activities - continued for the year ended 31 December 2023 |12|Investments|Unrestricted Funds|Unrestricted Funds|Restricted|Total|Total| |---|---|---|---|---|---|---| ||Originalinvestmentvalues -Cost|General
£|Designated
£|Funds
g|2023
£|2022
£| ||CCLA/Coif Ethical Investmentfund(2023- 125910 units)
InvestecWealth
Total|16,475
3,864
20,339|25,997
0
25,997|154,603
68,858
223,459|197,075
72,720
266,795|214,637
78,641
203,278| ||Cumulativeunrealisedgainsto31stDecember 2023|||||| ||CCLA/CoifEthical Investment fund
InvestecWealth
Total|15,207
1,397
16,604|23,998
0
23,998|142,710
24,892
167,602|181,015
26,289
208,204|161,210
27,611
188,821| ||Market Value -as at 34stDecember2023|||||| ||CCLA/CoifEthical Investmentfund
InvestecWealth
Total marketvalue|31,682
49,995
297,313
378,980
5,261
0
93,748
99,009
36,943
49,995
391,061
477,399
ee||||375,847
106,252
482,099
ee| ||Note:
Thereweretotalgainsfrom investments in2023 of£35,800(2022aloss of£87,632).||£87,632). Netunrealised gainswere£34,651|||| ||(2022:aloseof£63,778).Therewasalsoagalnof£1,248asfundswerewithdrawn(2022a
CCLAICoit
Movements[nInvestmentFundsintheyear
EthicalFund
£|||alose of£3,854).
—_Inveatec
Wealth
£|Total
£|| ||Openingbalance-tatJanuary2023
Purchases/(Sates) intheyear||375,847
(32,000)|406,252
(8,000)|482,098
(40,000)|| ||{investmentgaln intheyear
Closingbalance-31stDecember 2023||35,143
378,990|757
99,009|35,900
477,999|| |13|Debtors|UnrestrictedFunds
General
Designated||Restricted
Funds|Total
2023|Total
2022| |||£|£|£|£|£| ||RecoveryduefromStDavidsEastham
RecoveryandgrantduefromURC
Welfareloans|556
1350
9|0
0
0|0
0
4,500|556
1350
1,500|566
20
1,500| |||Unrestricted Funds||Restricted|Total|Total| |14|BankBalances|General|Designated|Funds|2023|2022| |||£|£|gz|£|£| ||SantanderCurrentAccount|4,850|4,013|750|3,413|10,602| ||Santander Deposit Account|939|12,011|4,115|17,065|6,013| |||2,589|13,024|4,865|20,478|16,615| |||Unrestricted Funds||Restricted|Total|Total| |15|Creditorsand otherCurrent Liablilties|General|Dasignated|Funds|2023|2022| |||g|£|£|zg|£| ||Accrualforcommittedexpenses|3,054|0|0|3,054|3,249| ||Payments received in advancefor hall lettings|0|0|0|0|0| |||3,084|0|0|3,054|3,249| Note: As stated In Accounting Pokcy 1e, appropiate accruals are made for eignificant expenses Incurred or committed but not yet pald. Page 10 i i i | | j | | | | i | ! | ; | | | i | : i | | | West Kirby United Reformed Church Charity Notes to the statement of Financial activities - continued for the year ended 31 December 2023 **----- Start of picture text -----**
16 General Funds
The movements in the General Funds of the Church in the years fram 2016 to 2022 were as follows:
2017 2018 2018 2020 2021 2022 2023
Opening £ £ £ £ £ £ £
Income balance 62,226 50,652 30,608 7,067 21,638 32,977 29,654
Expenditure 134825 436,579 115,847 88,793 91,564 114,365 109,283
Transfers (81,785) (94,444) (85,623) (75,870) (80,012) (97,662) (90,034)
to Funds (57,937) (62,014) (62,510) (59,035) (53,771) (87,163) (69,102)
Transfers to General Fund (see note) 0 0 8,489 60,000 50,000 50,000 55,000
Reatsed and Unreallsed Gains/Losses 3323 (195) 256 683 3,558 (2,863) 1,249
Closing balance ————yen60,662 30,608 7,067 21,638 32,977 29,664eg36,060eee
Note; The large legacy received between 2011 and 2013 is held ina Restricted Fund while decisions are made about its use (See note 19).
Substantial tranefere have bean made from this fund to the General Reserve in recent years to offset the annual deficit. Income
from this legacy has also been credited to the General Fund from 2014 onwards, as were smaller legacies and donations.
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## 17 Designated Funds **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |As stated|in Accounting|Policy|1b,|specific|Designated|Funds are used to contro!|the Income and|expenditure|of the Church| |organisations,|activities|and|epecial projects.|Grants|are|provided by the general fund to the|organisations|every year to help| |meet their costs.|Some are also euported by grants from the|Margery Price Legacy and outside|bodies,| |The movements in the Designated Funds during the year were as follows:| |°|‘|Grants|Other|Closing| |4stbalance Jan 2023 at|Generalfromito|LegacytoffromTransfers FundMP|donationsincome,|ExpenditureIn year|balance31|Dec at| |Funds|and|grants|2023| |Church Organisations and|activities| |Children's Church|0|58|0|0|(&8)|0| |Church week-end|0|Q|0|0|0|0| |Eco Fund|50|0|0|0|0|50| |Flower Fund|52|0|0|20|{19)|§3| |Holiday Club|and|Famlly Celebration|0|0|0|713|(859)|54| |Outreach|and Evangetism|(see Note|a)|0|401|0|1,030|(1,431)|0| |WorshipToddlers (seeDevelopment Note b)|(See|Note|c)|1,7070|00|00|18,7805,555|{5,755){4,392)|14,3881,507| |Worship/Music|Tracks|203|0|0|360|(138)|425| |Youth Activities (see Note|d)|281|2,846|0|6,003|(8,819)|2,511| |Sub-total Church Organisations and activities|2,293|3,305|0|32,461|(19,071)|18,988| |Discipleship|Fund|(see Note|e)|17,688|i?)|0|1,500|(1,650)|17,638| |Staff Funds (see|Note f)|28,000|60,013|0|0|(60,013)|28,000| |Total Designated|Funds|47,981|83,318|0|33,961|(80,734)|84,526| **----- End of picture text -----**
Note a: Expenditure on Outreach and Evangeliam Inckided £150 contributed to Churches Together In West Kirby Note b: Expenditure by Toddlers for 2023 included £1,209 given to various charities Note c: A grant of £6,500 was recelved from the URC Mersey Synod - the first instalment of a total grant of £25,000 . Note d: Grants of £2,500, £ 1,250 and £1,330 were received from the URC Mersey Synod to support Youth Activitiss. Note e: The Discipleship Fund was set up In 2014 by a grant from the Margery Price Legacy to provide support for Church Members attending Christian training courses or discipleship activities. Costs in 2023 were offset by a grant from the Coward Trust. Note f: The Staff Fund tracks the cost of employing our Youth and Children’s Coordinator and our Church Life Coordinator. Annual costs are met by transfers from the General Fund while maintaining a balance toe meot the possible cost of any severance/redundancy payments that might prove necessary. | | : : i1 ; | | i | : | : : | | : | | j |: t ## West Kirby United Reformed Church Charity Notes to the statement of Financial activities - continued for the year ended 31 December 2023 ## Page 11 ## 18 Restricted Funds As stated In the Accounting Polley 1b, the Church uses specific Restricted Funda to contrel money donsted by the Church and Its feRowship to support Christian Charities and activities. In addition, the Church maintains three established Restricted Funds for speciflo purposes of which two (the Miss WO Evans Fund and the Margery Price Legacy) were ast up on receipt of substantial legacies. Movemente in the Restricted Funds In 2023 were are follows: **----- Start of picture text -----**
Opening _ Grants from the Income, Grants and realive and Closing
bafance1stJan23 at Titheother Fund transfers and transfersdonations and Donatlonson passed investinnote geinsents 12) (2ee on balance31 Dec 23 at
£ £ £ £ £ £
Ann Furedon/AIM 1,774 0 ) ff) 0 1,774
Church Wesk-end Bursary Fund 876 0 ie) i] 0 875
Evangelical Altance } 460 - ff) (150) 0) 0
Good News for Everyone(Gideons) Q 500 0 (500) 0 0
Leprosy Mission ie] 300 292 (692) 0 it]
Open Doors 0 700, 10 (710) 9) 1)
Reach 0 3,000. 0 (3,000) 0 0
Ukraine Support ft) 0) 265 (2685) 0 0
Wirral Youth for Christ 0 2,400 ) (2,400) ) ft)
Other 9 0 5 (9) 0 5
Sub-total 2,858 7,050 872 (7,826) 0 2,854
Margery Price Legacy (see Note 19) 376,255 (55,000) 7) o 27,809, 349,064
Mies WO Evans Fund 13,195 oO 920 (2,017) 1,371 13,469
Tithe Fund (aee Note 20) 29,547 (7,050) 6,711 - i) 3,034 32,239 ,
Total 421 855 (56,000) 8,203 (8,643) 32,21 1 397,426
19 Margery Price legacy
The total received between 2011 and 2013 from Margery Price's estate was £1,083,352. 10% (£108,339) was set aside to create ihe Margery
Price Tithe Fund (later merged with the Fund for Christlan Organisations to form the Tithe Fund), leaving £975,053 in the main legacy fund,
From the legacy fund various grante have been made - partly offeet by galns from investing the funds. The substantial experkidure on the
Re-ordering Project reaulted in a significant reduction In this fund during 2016, 2017 and 2018,
From 2014 onwards, al Income received from the Interest and dividends generated by investing the Legacy Fund has been credited
to the General Fund to hetp offeet some of the underlying deficit in the regular Income and expenditure of the Church, In recent years
further transfers have been made to the General Fund to offeet the annual deficit, Further sim@ar transfers are likely to be necessary infuture.
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## 20 Tithe Fund The Tithe Fund was created at he beginning of 2015 by the merger of the estabshed Fund for Christian Charities and the MP Tithe Fund, whioh was set up with 10%of the recelpts from the Margery Price legacy. The combined fund Is now the main channel by which the Church supports retated Christian charities and good causes. 10% of the net regular income of the Church after deducting its contribution to the URC Ministry and Mission Fund is credited to the fund each year, along with the appropriate share of inveatment income and capite! gains. . From the fund, one-off or regular gifts are made as agreed by the Church Meeting. : “ Page 42 : ! : : : | | | ## West Kirby United Reformed Church Charity Notes to the statement of Financial activitles - continued for the year ended 31 December 2023 **----- Start of picture text -----**
Treasurer's Statement
| have prepared the financtlal statements on pages 3 to the year to 31 Decemberor 2023 (and the supporting notes
on pages 6 to 11) in accordance withthe accounting policiés of the Church,
James Lindsa —ea °
26th February 2024
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independent Examiner's Report tofhe’Trustees of West Kirby United Reformed Church | report on the financial statements of West Kirby United Reformed Church for the year ended 31 December 2022, which are set out on pages 3 to 5 and the supporting notes on pages 6 to 11. ## Respective responsibilities and basis 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 Charitles Act 2014 (‘the Act’). | report in respect of my examination of the Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under sectlon 145(5)(b) of the Act. ## Basie of Independent Examiner's report My examination was carried out in accordance with the General Directions of the Charlty 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 all the evidence that would be requlred 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 materlal matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. 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 accaunts do not comply with the applicabie requirements concerning the form and content of accounts set out in the Charitles (Accounts and Reports) Regutations 2008 other than any requirement that the accounts give a ‘true and fair view which fs 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 proper understanding of the accounts to be reached. i ae 3 ioloictchtet $ oicioii **i** ctoickcickitt & Signed by the IndependentExaminer Eads =a LL 28th February 2024 Tim Pugh 30 Queensbury West Kirby Wirral ; CH48 6EP i | | **----- Start of picture text -----**
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