LOUGHBOROUGH
UNITED REFORMED CHURCH
CHARITY
Annual report
and accounts
for the year ended 31 December 2020
Registered charity no. 1129259
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 REPORT OF THE TRUSTEES For the year ended 31 December 2020
Constitution
On 19th April 2009 the members of The United Reformed Church in Loughborough resolved to form a trust called Loughborough United Reformed Church Charity and to register with the Charity Commissioners under the terms of The Charity Act 2006. The Charity Commissioners duly registered the Church as a charity on 22nd April 2009.
The Trust comprises all assets and funds held by and on behalf of the Loughborough United Reformed Church other than properties held under trusts declared in Schedule 2 of the United Reformed Church Act 1972 (as amended by the United Reformed Church Acts 1981 and 2000) and those held on other specifically declared trusts.
Object
The object of the Charity is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church.
Trustees
The Minister and the serving Elders at the time of registration became the first Trustees. Trustees are usually the Minister and the current serving Elders of the Church, but at present one Elder has declined to be a Trustee.
Elders are elected annually by the members of the Church at the November Church meeting to serve for a term of three years from the following 1st January.
The Trustees who have served from 1st January 2019 until the date of this report are:
Rev. Craig Muir (Trustee and Chairman from 18th September 2021) Peter Rippon Daphne Beale Hilary Roythorne (secretary )(Trustee to 31st December 2020 and from 1st January 2022) Anthony Payne (to 31st December 2021; Chairman to 18th September 2021) Alan Roythorne (to 31st Decenber 2020 and from 1st January 2022) Geetha Bala Dilys Payne Aline Williams (to 31st December 2020) Una Hubbard (from 1st January 2021)) Raied Estefan (to 31st December 2020)
Elders/Trustees meet monthly and on other occasions as business requires.
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 REPORT OF THE TRUSTEES (continued) For the year ended 31 December 2020
Activities
The Trustees are aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and have regard to it in their administration of the Church. The Trustees believe that by promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical, it provides a benefit to the public by:
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Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers;
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Promoting Christian values, and service by Members of the Church to the community, to the benefit of individuals and society as a whole.
The Church fulfils these obligations through a wide variety of activities which include weekly worship for both adults and children, bible study, a book club, the letting of its premises to a number of local societies and groups and a range of social activities. Full details of all such activities are incorporated into a separate booklet of reports which is distributed to all members and also is available from the Church Secretaries.
Financial review
The overall net movement in funds in the year was a decrease of £8,452 (2019 - increase of £21,078). The deficit on General account was £6,092 (2019 - surplu of £11.866
Expenditure on maintaining and refurbishing the premises amounted to £34,231 (2019 - £33,803) and on the Manse to £2,736 (2019 - £3,363).
At 31st December 2020 the General (or unrestricted) Fund stood at £54,137 (2019 - £60,229), which is considered to be satisfactory.
Reserve policy
The policy of the Trustees is to maintain the General reserve at a level to provide working capital for the next twelve months and to retain sufficient funds to meet a reasonable level of unexpected or unbudgeted expenditure.
Restricted funds are established to provide for expenditure of a capital nature. Expenditure on such projects is only authorised where the funds, together with any grants obtained, are sufficient to meet the costs of the project without calling on the Gene
By order of the Trustees
Craig Muir - Chairman 7th April 2022
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2020
| INCOMING RESOURCES Voluntary income Freewill oferings Loose oferings Income tax recoverable Link subscriptions Donations and legacies Collections for Commitment for Life Collections for specifc purposes Generated funds Rents for use of Church buildings Rental income from Manse Fund raising and activities Organ, music and choir fund Other income Photocopy receipts Charnwood Borough Council -Covid grant Investment income Interest received Total income RESOURCES EXPENDED (per schedule - page 5) NET INCOMING RESOURCES BEFORE TRANSFERS Transfers between funds Expenditure fnanced from restricted funds |
Restricted funds |
Maintenance Church fundsOrganisations |
|---|---|---|
| - - - - - - 240 - - - - - - - 960 - - - - - - - - - 13,650 - - - 1,249 - - - - - - - # - - - - - - - 1,200 13,650 1,249 1,200 2,736 1,075 - # 10,914 0 174 # (13,448) - - |
| Manse maintenance account Church maintenance account NET MOVEMENT IN FUNDS Balances at 31 December 2019 Balances at 31 December 2020 |
- - (13,448) (13,448) 42,895 29,447 |
- - - 10,914 (45) 10,869 |
- - |
|---|---|---|---|
| - | |||
| 174 3,150 |
|||
| 3,324 |
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2020
| Restricted funds RESOURCES EXPENDED Ministry, worship and outreach Ministry and Mission contribution - Pulpit supplies - Minister's travel expenses - Worship, service and related expenses - Audio and visual equipment - Organists' fees, choir and music fund - Link production costs - Website costs - Donations, subscriptions and Minister's discre - Payable to Commitment for Life 1,200 Copyright licences - Church & Community Centre manager's costs - Junior Church - 1,200 Church Buildings Electricity - Gas - Council tax and waste collection - Water rates - Insurance - Cleaner's wages - Cleaning materials and services - Telephone - |
Maintenance funds - - - - - - - - - - - - - - - - - - - - - - |
Church organisations |
|---|---|---|
| - - - - - - - - - - - - - |
||
| - | ||
| - - - - - - - - |
| Depreciation of furniture and equipment Maintenance expenditure |
- - - |
- - - |
- - |
|---|---|---|---|
| - |
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2020
| Restricted funds RESOURCES EXPENDED Manse Telephone - Insurance - Council tax - Water rates - Gas and electricity - Agent's management expenses - Maintenance expenditure - Contributions fron Synod and Melton Mowbra - - Administration and money raising Stationery, printing and postages - - Expenditure of Church organisations - - Total expenditure 1,200 |
Maintenance funds - 441 - - - 1,850 445 - 2,736 - - - - 2,736 |
Church organisations |
|---|---|---|
| - - - - - - - - |
||
| - | ||
| - | ||
| - | ||
| 1,075 | ||
| 3,571 | ||
| 1,075 |
| LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY | ||
|---|---|---|
| Registered Charity no. 1129259 | ||
| BALANCE SHEET | ||
| at 31st December 2020 | Note | ## |
| TANGIBLE FIXED ASSETS | ||
| Alterations to premises, furniture and equipment: | ||
| At cost less amounts written of | 2 | |
| CURRENT ASSETS | ||
| Fair Trade stocks | ||
| Debtors | ||
| Payments in advance | ||
| Bank balances | 3 | |
| Cash in hand | ||
| CURRENT LIABILITIES - payable within one year | ||
| Creditors | ||
| Accruals | ||
| Income received in advance | ||
| NET CURRENT ASSETS | ||
| NET ASSETS |
| Represented by: | |
|---|---|
| Restricted funds | |
| Organ, choir and music fund | 4 |
| Audio visual fund | 4 |
| Legacy Fund | 4 |
| Unrestricted funds | |
| Church maintenance account | 5 |
| Manse maintenance account | 5 |
| Church organisations | 6 |
| General account |
Approved by the Trustees of the Loughborough United Reformed Church Charity on 7th April 2022 and signed on their behalf by
P Rippon Treasurer
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
NOTES TO THE ACCOUNTS at 31st December 2020
1. TANGIBLE FIXED ASSETS
Freehold properties
The Manse is held by trustees on behalf of the East Midlands Province of the United Reformed Chu of the Congregation of the United Reformed Church in Loughborough. In previous years the cost of shown in the accounts as an asset but following the redemption of the outstanding mortgage liabili Midlands Province in 2011, it has been decided to remove the asset and the associated restricted fu
The Church premises and land at 39 Frederick Street, Loughborough are similarly held by trustees
The Church buildings and huts are valued for insurance purposes at £4,733,468, the huts at £526,2
In the event of the closure of the Church, the benefit of the Manse and the Church would pass to th Church (East Midlands Province) Incorporated and not to Loughborough United Reformed Church
2. Furniture and equipment
The furniture, fixtures fittings and equipment, including the old organ, are in the main very old and majority of the items is not recorded in the accounting records. Accordingly, these assets are regar fully depreciated.
Items of furniture and equipment and alterations to the premises since 2001 are capitalised if they
the cost is expended in the year of purchase.
Where donations or grants are received towards the cost of fixed assets, such amounts are treated the remaining net balance is written off as follows:
| Alterations and improvements to the premises Furniture and equipment Electrical and sound equipment The movement on fxed assets during the year was as follows: Cost: At 31st December 2019 Additions in year At 31st December 2020 Depreciation: At 31st December 2019 Provided by transfer from restricted accounts Provided by transfer from Income & Expenditure account At 31st December 2020 Net book values: At 31st December 2020 At 31st December 2019 |
10 years 5 years 5 years Sound Alterations system to premises £ £ 119,637 13,448 - |
|---|---|
| 119,637 # 119,637 | |
| - 119,635 13,448 - - - |
|
| 13,448 # 119,635 | |
| - # 2 | |
| - # 2 |
For insurance purposes furniture and equipment are valued at a replacement cost of £268.960.
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 NOTES TO THE ACCOUNTS (continued) at 31st December 2020
3. BANK BALANCES
National Westminster current account National Westminster deposit account Loughborough Building Society Junior Church account Bank accounts of Church organisations
4. RESTRICTED ACCOUNTS
Audio Legacy visual fund fund
| Balance at 31 December 2019 Donations and fund raising Legacies and grants Expenditure in the year Transfer from Choir fund Balance at 31 December 2020 |
3,537 - - (3,537) - - |
£ 34,921 - - (9,911) - |
|---|---|---|
| 25,010 |
5.
UNRESTRICTED ACCOUNTS
| Balance at 31 December 2019 Rental income Transfers from the General account: Transfer from Legacy account Expenditure in the year Balance at 31 December 2020 |
Manse maintenance m £ (45) 13,650 - - (2,736) 10,869 |
|---|---|
6. CHURCH ORGANISATIONS
Church organisations comprise Fair Trade, 3Cs, And the Flower fund. and Sunday morning coffee.
Detailed accounts of these organisations can be obtained from their respective secreta
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
REPORT OF THE INDEPENDENT EXAMINER
to the Trustees of The Loughborough United Reformed Church Charity
I report on the accounts of The Loughborough United Reformed Church Charity for the ye ended 31st December 2020, which are set out on pages 1 to 8.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s T
audit is not required under section 144(2) of the Charities Act 2011 (the 2011 Act) and tha examination is needed.
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It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Char under section 145(5)(b) of the 2011 Act and
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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 C An examination includes a review of the accounting records kept by the Charity and a com presented with those records. It also includes consideration of any unusual items or disclo seeking explanations from you as trustees concerning such matters. The procedures unde the evidence that would be required in an audit and no opinion is given as to whether the and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1 which gives me reasonable cause to believe that in any material respect the re
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to keep accounting records in accordance with section 130 of the 2011 Act; an
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• to prepare accounts which accord with the accounting records and comply wit the accounting requirements of the 2011 Act
have not been met
- 2 to which, in my opinion, attention should be drawn in order to enable a proper accounts to be reached.
Rachel Thorpe Loughborough
21st June 2022
'.ral Reserve.
2
| General fund |
2020 2019 £ £ Total Total 31,815 30,038 991 2,516 7,218 7,733 95 110 2,159 3,134 960 1,216 - - 17,982 40,000 13,650 9,900 1,249 6,047 - 655 250 10 - 600 7,500 - 155 68 84,024 102,027 79,028 80,949 4,996 ## 21,078 |
2019 £ Total |
|---|---|---|
| 31,815 991 6,978 95 2,159 - - 17,982 - - - 250 - 7,500 155 67,925 74,017 (6,092) |
30,038 2,516 7,733 110 3,134 1,216 - 40,000 9,900 6,047 655 10 600 - 68 |
|
| 102,027 | ||
| 80,949 |
(13,448) -
| - - - (6,092) 60,229 54,137 |
- - (13,448) (8,452) 106,229 97,777 |
- - |
|---|---|---|
| - | ||
| 21,078 85,149 |
||
| 106,227 |
3
| General fund 32,076 450 108 213 - 150 67 - 957 - 578 2,914 - 37,513 (339) 4,331 1,637 750 4,645 4,966 3,253 876 |
2020## 2019 £ £ Total Total 32,076 30,246 450 1,410 108 436 213 79 - 221 150 1,450 67 300 - 22 957 1,484 1,200 1,520 578 552 2,914 - - 104 38,713 37,824 (339) 3,748 4,331 5,650 1,637 1,499 750 250 4,645 4,277 4,966 6,714 3,253 1,790 876 925 |
2020## 2019 £ £ Total Total 32,076 30,246 450 1,410 108 436 213 79 - 221 150 1,450 67 300 - 22 957 1,484 1,200 1,520 578 552 2,914 - - 104 38,713 37,824 (339) 3,748 4,331 5,650 1,637 1,499 750 250 4,645 4,277 4,966 6,714 3,253 1,790 876 925 |
|---|---|---|
| 30,246 1,410 436 79 221 1,450 300 22 1,484 1,520 552 - 104 |
||
| 37,824 | ||
| 3,748 5,650 1,499 250 4,277 6,714 1,790 925 |
| - 14,112 34,231 |
- 14,112 34,231 |
- 8,950 |
|---|---|---|
| 33,803 |
| General fund - - - - - - - - - 2,273 2,273 - - 74,017 |
4 2020## 2019 £ £ Total Total - - 441 403 - 377 - 22 - 287 1,850 1,488 445 1,578 - (792) 2,736 3,363 2,273 2,696 2,273 2,696 1,075 3,263 3,571 3,571 79,028 80,949 |
4 2020## 2019 £ £ Total Total - - 441 403 - 377 - 22 - 287 1,850 1,488 445 1,578 - (792) 2,736 3,363 2,273 2,696 2,273 2,696 1,075 3,263 3,571 3,571 79,028 80,949 |
|---|---|---|
| - 403 377 22 287 1,488 1,578 (792) |
||
| 3,363 | ||
| 2,696 | ||
| 2,696 | ||
| 3,263 | ||
| 3,571 | ||
| 80,949 |
5
| 2020 £ 3 3 900 18,857 6,825 93,423 938 120,943 17,933 1,536 3,700 23,169 97,774 97,777 |
2019 £ 3 |
|---|---|
| 3 900 41,045 6,670 62,253 1,164 |
|
| 112,032 | |
| 2,010 2,596 1,200 |
|
| 5,806 | |
| 106,226 | |
| 106,229 |
| 4,437 - 25,010 29,447 - 10,869 10,869 3,324 54,137 97,777 |
4,437 3,537 34,921 |
|---|---|
| 42,895 - (45) |
|
| (45) 3,150 60,229 |
|
| 106,229 |
2
urch for the benefit f the Manse has been ty by the East und from the accounts.
s.
274 and the Manse at £340,440.
he United Reformed Charity.
d the historic cost of the rded as being
6
exceed £500, otherwise
as depreciation and
| Furniture & equipment £ 94,523 - 94,523 94,522 - - 94,522 1 2 |
Total £ 214,160 13,448 |
|---|---|
| 227,608 | |
| 214,157 13,448 - - |
|
| 227,605 | |
| 3 | |
| 3 |
7
| 2020 £ 40,149 37,847 15,131 - 296 93,423 Organ, choir & music fund |
2019 £ 20,499 26,356 15,102 - 296 |
|---|---|
| 62,253 | |
| Total |
| £ 4,437 - - - - 4,437 Church maintenance £ - - 14,112 - (14,112) - |
£ 42,895 - - (13,448) - |
|---|---|
| 29,447 | |
| £ (45) 13,650 14,112.0 - (16,848) |
|
| 10,869 |
aries or the Church Treasurer.
8
ear
Trustees consider that an
at an independent
rity Commissioners
Charity Commissioners. mparison of the accounts osures in the accounts, and rtaken do not provide all accounts present a "true
quirements
nd
h
understanding of the
9