Shanklin United Reformed Church Charity Annual Report and Financial Statements for the Year
Ended 31 December 2022
Shanklin United Reformed Church Charity Annual Report for the year ended 31 December 2022
Administrative Information
Charity Number 1130459
Shanklin URC is situated in the High Street in Shanklin town centre, on the corner of Landguard Road. The building and the manse are held in trust by The United Reformed Church (Wessex) Trust Limited.
The Elders of the Church who have served from 1 January 2022 until the date this report was approved are listed below. There was an election at our AGM in March when changes occurred:
Minister Rev Brian Harley Chairman Elected Elders Mr Peter Dawson Until March Ms Lou-Rosanna Jupe Until March Miss Sheilagh Courtnage Mrs Yvonne Sparks Mr David White Mr Robin Wightman Secretary Mr Roy Wilson Mr Alan Hutton Elected in March Mrs Janet Moore Elected in March Mrs Karen Ogier Elected in March
Structure, Governance and Management
The Elders Meeting operates under the Basis of Union and the Manual of the United Reformed Church. The Elders are elected from among the Church Members in accordance with the Constitution of Shanklin United Reformed Church. Monthly Elders meetings have continued on Zoom and Members Meetings have been held in person with a Zoom facility for others to connect which has continued to work very well.
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Objectives and Activities
The Elders Meeting exercises oversight of the spiritual life of the local church. Church Members’ Meetings are held usually held six times a year.
The Church Vision Statement reads:
Our aim is to build up a lively Church as an effective witness to Jesus Christ in the community and to provide a central and flexible resource for all ages and abilities.
The church is part of the Isle of Wight URC Group alongside the congregation at Ryde, though they have remained as two separate churches served by the one ordained minister. He continues to work 75% of the time for Shanklin and 25% for Ryde. Local pastorate expenses are shared.
Achievements and Performance
At the end of 2022, the membership of the church stood at 88.
Eight members have been removed from the role having moved away or ceased to attend worship and nine people were received into membership.
After a couple of difficult years of Covid restrictions, church life began to slowly return to some kind of normality, though people remained cautious for some months. Numbers on Sundays have not returned to pre-Covid levels but quite a lot of people watch the livestream on YouTube; this has been a real lifeline for a few house-bound members and a blessing to some more distant friends.
The Tuesday Bible Bite has continued each week though it has not been possible as yet to resume lunches. Several mid-week fellowship groups have resumed regular meetings and we ran a very successful Freedom In Christ series in the autumn after the last course was sadly interrupted by the lockdown in 2020. A number of regular meetings and groups still utilise Zoom as this makes coming together much easier and time efficient.
Charity Number 1130459
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Shanklin United Reformed Church Charity Annual Report for the year ended 31 December 2022
Our weekly Newssheet continues to be emailed out and a quite a few copies distributed by hand or post to those not online.
We offer children’s activities on three Sundays a month but sadly only see a few children from time to time, but our Messy Church has continued to be very successful in drawing in a good number of local families. Our toddler group is still very popular and provides a warm welcome for young families from the community. We have regular contact with several local schools both through our minister and the Open the Book team which enacts Bible stories in collective worship times. We continue to prayerfully explore how we might reach out more effectively to the younger generation.
A few of our members join in afternoon or evening worship with other local Christians and some shared activities resumed such as on Good Friday, at Easter sunrise and the summer open air meetings at Rylstone Gardens. There was also some very effective engagement with local people and visitors during the Queen’s Platinum Jubilee celebrations.
Members have again been very generous in supporting our work and giving has remained strong. They have continued to get behind wider mission including helping our partner church and its school in Uganda, IW Youth For Christ, Street and School Pastors, work to support persecuted Christians and Jews for Jesus. There have also been additional thank-offerings at Harvest time for the work of Tearfund in Nepal and the local Foodbank. and at Christmas for relief work in Ukraine. As the cost-of-living crisis began to hit, we started plans to open a warm welcome space and have also committed to supporting a new Island project for Christians Against Poverty (CAP).
Financial Review
The General Fund is used for the day to day running of the Church and associate activities and the accounts show the offertory income (and the tax reclaimed on it) totalled £60,955 this year, which is £1,419 up on last year (£59,536). As the Church activities have continued to return to normal after the covid restrictions of the last few years the day to day running expenses have also risen this year to £69,968 form £61,917 last year. Which means that the General Fund has a cash balance at the year-end of £20,881 (last year £27,637).
We continue to be extremely grateful to our regular congregation who have continued to support us financially.
The Youth Worker Fund stands at £9,274 at the year end, the same as last year. We are still considering the best way to move forward with the youth work.
The Maintenance Fund stands at £4,286 at the year-end (last year £6,773). Some further redecoration work was carried out this year. We are continuing to transfer £200 per month from the General Fund to the Maintenance Fund as a provision towards the ongoing maintenance of the Church.
For some time, it has been the Church's policy that, funds permitting, we would make donations of at least 10% of the Offertory given to the General Fund (including any Tax Reclaimed). These donations would be made to other charities or individuals as agreed by the Church Meeting.
This year it was decided by the Church Meeting that we would also donate 10% of the legacy received in 2021 and makeup for slight short fall in donations last year, so we have made gifts greater than the 10%, this year.
Charity Number 1130459
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Shanklin United Reformed Church Charity Financial Statements Year Ended 31 December 2022
Treasurers Statement
I have prepared the financial statements on pages 4 to 11 for the year ended 31 December 2022.
……………………………………….................................................…………………… Colin Tamcken
Date ………………………………….
Independent Examiners Report
I report on the financial statements of Shanklin URC for the year ended 31 December 2022, which are set out on pages 4 to 11.
Respective responsibilities
The church is responsible for the preparation of the financial statements, and considers that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, 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 of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking
explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
Independent Examiner's statement
In connection with my examination of the church funds, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed by the Independent Examiner: ………………………………….....................…….. Date: ………….........………..
Name and address of the Independent Examiner:
Authorisation Statement
The Annual Report and Financial Statements on pages 1 to 11 were approved by the Shanklin URC Church Meeting on ………….............................……and signed on its behalf by
Name………………………………………………............….. Signature................................................................................
Charity Number 1130459
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Shanklin United Reformed Church Charity Statement of Financial Activities for the Year Ended 31 December 2022
| Notes Income Offertory Cash Gift Aid Tax reclaimed Other Income Bookshop Shanklin URC Youth Dividends and Interest Miscellaneous Caturpillars Grants Total Income Payments Ministry & Mission Fund Bookshop Shanklin URC Youth Manse Church Donations 6 Miscellaneous Caturpillars Depreciation 2 Youthworker Total Payments Transfers Between Funds Net Income Fund Balances Brought Forward Fund Balances Carried Forward |
General Fund £ 18,634 32,745 9,576 500 61,455 12 1,794 495 63,756 37,992 3,058 11,950 8,575 5,993 0 67,568 -2,400 -6,212 27,605 21,393 |
Designated Funds £ 0 0 0 827 827 698 35 0 1,148 2,708 967 0 5,714 706 7,387 2,400 -2,279 13,170 10,891 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 9,274 9,274 |
Total £ 18,634 32,745 9,576 1,327 62,282 698 35 12 1,794 1,148 495 66,464 37,992 967 0 3,058 17,664 8,575 5,993 706 0 0 74,955 0 -8,491 50,049 41,558 |
2021 Total £ 16,285 34,720 8,881 14,412 74,298 43 0 1 1,627 594 495 77,058 37,584 43 0 2,993 14,985 5,050 3,109 649 0 0 64,413 0 12,645 37,404 50,049 |
2021 | ||
|---|---|---|---|---|---|---|---|---|
| Total |
The notes on pages 6 to 11 form part of this Financial Statement
Charity Number 1130459
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Shanklin United Reformed Church Charity Balance Sheet as at 31 December 2022
| Fixed Assets Current Assets Debtors Bookshop Stock Cash at bank Shanklin URC Youth Account Bookshop accounts Cash in Hand Total Current Assets Current Liabilities Agency Collections Creditors Total Current Liabilities Net Assets Church Funds General Fund Bookshop Shanklin URC Youth Account Maintenance Fund Caturpillars Fund Youth Worker Fund Total Church Funds |
Notes 2 5 Notes 3 3 3 |
General Fund £ 0 1180 20881 0 22,061 668 0 668 21,393 General Fund £ 21393 21,393 |
Designated Funds £ 1539 4369 844 2983 1156 10,891 0 10,891 Designated Funds £ 4522 844 4286 1239 10,891 |
Restricted Fund £ 9274 9,274 0 9,274 Restricted Fund £ 9274 9,274 |
Total £ 0 1,180 1,539 34,524 844 2,983 1,156 42,226 668 0 668 41,558 Total £ 21,393 4,522 844 4,286 1,239 9,274 41,558 |
2021 Total £ 0 1,183 1,807 43,784 809 2,984 697 51,264 1,065 150 1,215 50,049 2021 Total £ 27,605 4,791 809 6,773 797 9,274 50,049 |
2021 | ||
|---|---|---|---|---|---|---|---|---|---|
| Total | |||||||||
The notes on pages 6 to 11 form part of this Financial Statement
Charity Number 1130459
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Shanklin United Reformed Church Charity General Fund Statement for the Year Ended 31 December 2022
General Fund
Receipts
Payments
| Notes 2022 2021 Offertory - Cash 18,634 16,185 - Gift Aid 32,745 34,520 Tax Reclaimed 9,576 8,831 Legacy 0 14,412 Bookshop Donations 500 0 Link 0 0 Catering 0 0 Weddings 0 0 61,455 73,948 Dividends and Interest Investments 0 0 Bank Interest 12 1 12 1 Miscellaneous Photocopying/Tapes 0 0 Ryde URC Expenses Contribution 1,568 1,323 For Queens Books 114 0 Fellowship Lunch 0 0 Freedom in Christ Books 0 0 Other 112 304 1,794 1,627 Grants Other Grant 0 0 Manse Repairs Grant 495 495 495 495 Transfers Between Funds 0 0 Total Receipts 63,756 76,071 Net Income - General Fund -6,212 14,154 |
Ministry & Mission Fund Manse Water Insurance Council Tax Maintenance Church Electricity Gas Water Insurance Maintenance (Garden) Piano Tuning PA/Projection Expenses Cleaning Mileage/Travel costs Fixed Car Allowance Post and Telephone Donations Donations Made Miscellaneous Queens Books Pulpit Supply Copyright Licence Office Requisites Photocopier Teaching Materials Catering Messy Church Software Licence/Web Site Costs Other Transfers Between Funds Transfer to Maintenance Fund Depreciation Total Payments |
Notes 2022 2021 37,992 37,584 395 426 0 0 2,127 2,057 536 510 3,058 2,993 1,637 1,397 493 380 229 180 4,505 4,424 0 0 53 0 900 1,117 1,412 790 747 578 1,374 1,366 600 549 11,950 10,781 5 8,575 5,050 703 0 660 225 1,042 913 714 341 1,791 1,184 476 311 286 0 0 72 152 0 169 63 5,993 3,109 2,400 2,400 2,400 2,400 2 0 0 69,968 61,917 |
|---|---|---|
| 5 2 |
Charity Number 1130459
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Shanklin URC Bookshop Profit and Loss 1st January 2022 to 31st December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Sales | 698 | 43 | |||
| Opening Stock | 1,807 | 1,850 | |||
| Purchases | 149 | 0 | |||
| Less closing stock | 1,956 1,539 |
417 | 1,850 1,807 |
43 | |
| Gross Profit | 281 | 0 | |||
| Expenses | |||||
| Bags/labels | 0 | 0 | |||
| Staff | 50 | 0 | |||
| General Expenses | 0 | 0 | |||
| Postage & Stationery | 0 | 0 | |||
| Shop Maintenance | 0 | 50 | 0 | 0 | |
| Less: Donations to General Fund | 500 | 0 | |||
| Net Profit | -269 | 0 | |||
| Bookshop Assets | |||||
| Stock | 1,539 | 1,807 | |||
| Current Account | 2,953 | 2,954 | |||
| Cash in Hand | 30 | 30 | |||
| 4,522 | 4,791 | ||||
| Shanklin Designated Fund Statement |
URC Youth for the Year |
Account Ended 31st December 2022 |
| Receipts Basement Café Transfer from General Fund Other Receipts Compasion Total Receipts Payments Basement Café Costs Trips Out Resources Compassion Miscellaneous Net Income/Deficit Youth Accounts Cash in Hand Cash at Bank |
0 0 0 0 0 |
0 0 35 0 35 0 35 0 844 844 2022 |
0 0 0 0 0 |
0 0 0 0 0 0 0 0 809 809 2021 |
|---|---|---|---|---|
Charity Number 1130459
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Shanklin United Reformed Church Charity Designated Fund Statements for the Year Ended 31 December 2022
Maintenance Fund
| Receipts Gift Day Donation - Cash Gift Day Donation - Gift Aid Tax Reclaimed URC Wessex Trust Grant Transfer From General Fund Net Income/Deficit |
2022 2021 Payments 0 100 Fire/Intruder Alarms 0 200 Boiler Servicing Etc 0 50 Other Repairs 827 0 Building Work Clock Servicing etc 2,400 2,400 3,227 2,750 -2,487 -1,454 |
2022 2021 451 448 856 240 1,115 1,008 2,954 2,508 338 0 5,714 4,204 |
|---|---|---|
Caturpillars Fund
| Receipts Subscriptions Messy Church Donations Other Income Net Income/Deficit |
2022 2021 Payments 1,093 494 Food/Drink 55 0 Equipment 0 0 Stationery 0 100 Craft Materials Donations To Shanklin URC (Gen Fund) 1,148 594 442 -55 |
2022 2021 274 482 20 0 200 0 0 0 0 85 212 82 706 649 |
|---|---|---|
Shanklin United Reformed Church Charity Restricted Fund Statements for the Year Ended 31 December 2022
Youth Worker Fund
| Receipts Donations - Cash Donations - Gift Aid Tax Reclaimed Grants Received Net Income/Deficit |
2022 2021 Payments 0 0 Misc Expenses 0 0 Travel Costs 0 0 0 0 0 0 0 0 |
2022 2021 0 0 0 0 0 0 |
|---|---|---|
Charity Number 1130459
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Shanklin United Reformed Church Charity Notes to the Financial Statements Year Ended 31 December 2022
1 Accounting Policies
1a Basis of Accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued by the Charity Commission, and the United Reformed Church guidance. The accruals basis of accounting has been adopted and the principal accounting policies set out below are applied consistently.
1b Fund Accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Designated funds are unrestricted funds that have been set aside by the church for a particular purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant.
1c Tangible Fixed Assets
Freehold property: The Trustees of the church and manse buildings are the URC Wessex Synod Trust . Expenditure incurred on the church and manse is written off in the year it is incurred.
Equipment: Depreciation is provided at the following annual rates calculated to write off assets over their estimated useful lives: Fixtures and Fittings
Coffee House Equipment 20% straight line (over 5 years) Other - Furniture Etc 10% straight line (over 10 years)
1d Incoming Resources
All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid plus the associated tax recovery 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.
1e Resources Expended
The URC Ministry & Mission Fund 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 to which they are incurred and include attributable 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 cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.
1f Taxation
As part of the United Reformed Church, the church is an excepted 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.
Charity Number 1130459
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Shanklin United Reformed Church Charity Notes to the Financial Statements Year Ended 31 December 2022
| 2 Fixed Assets | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Fixtures and | Fittings | Fixtures and | Fittings | |||
| Cost | ||||||
| At 1 January | 50,450 | 50,450 | ||||
| Additions | 0 | 0 | ||||
| Disposals | 0 | 0 | ||||
| At 31 December | 50,450 | 50,450 | ||||
| Depreciation | ||||||
| At 1 January | 50,450 | 50,450 | ||||
| Charge for Year | 0 | 0 | ||||
| Disposals in Year | 0 | 0 | ||||
| At 31 December | 50,450 | 50,450 | ||||
| Net Book Value | ||||||
| At 31 December | 0 | 0 |
Church - freehold valued for insurance purposes during 2022 at £9,344,511 (2021 £8,306,232)
Manse at 10 Dracaena Gardens - Insurance for the Manse is now paid by URC (Wessex) Trust Limited
The church and the manse are vested in the URC (Wessex) Trust Limited
Contents, Furniture Bookshop stock etc, valued for insurance purposes during 2022 at £215,573 (2021 £178,899)
3 Analysis of Net Assets by Funds
All funds comprise of cash held either in hand or at the bank except for the following:
| Fixed Assets Current Assets - Stock - Debtors - Cash in hand/bank Current Liabilities - Creditors |
General Fund 0 0 1,180 20,881 -668 21,393 |
Bookshop | |
|---|---|---|---|
| 0 1,539 0 2,983 0 4,522 |
4 Transfers Between Funds
| ransfers Between Funds | ||
|---|---|---|
| 2022 | 2021 | |
| Transfer from General Fund to Maintenance Fund | 2,400 | 2,400 |
Charity Number 1130459
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Shanklin United Reformed Church Charity Notes to the Financial Statements Year Ended 31 December 2022
5 Breakdown of Donations and Agency Collections
| Donations IW Youth for Christ Romans One Eleven Trust GEAR JCWGVA (God Pod) Street Pastors CWTIS Wight Churches Evangelical Alliance CAP Jews for Jesus IW Foodbank Freedom in Christ Ministries Tear Fund Persecuted Church Release International Barnabas Fund Open Doors Elam UK Offertory Giving |
2022 2021 1,200 1,200 3,000 1,500 100 100 500 500 1,000 1,000 0 0 150 150 100 100 125 0 500 0 500 0 400 0 500 0 150 150 0 150 150 200 200 0 8,575 5,050 60,955 59,536 |
Agency Collections 2022 2021 Romans One Eleven Trust 123 727 Tear Fund 264 0 Christian Aid 0 136 Christmas Appeals Operation Mobilisation - 2022 624 0 Mercy Ships - 2021 177 1,065 Operation Mobilisation - 2020 0 5 1,188 1,933 Agency Collections- Current Liabilities |
|---|---|---|
| (Balance not paid over at Year End) | ||
| Operation Mobilisation 624 0 Mercy Ships 0 1065 Romans One Eleven Trust 44 0 |
| Agency Collections- Current Liabilities | ||
|---|---|---|
| (Balance not paid over at Year End) | ||
| Operation Mobilisation | 624 | 0 |
| Mercy Ships | 0 | 1065 |
| Romans One Eleven Trust | 44 | 0 |
Donations: These are donations made to other Charities or individuals from the Church's general funds.
It is the Church's policy that, funds permitting, these donations should be at least 10% of the Offertory giving to the General Fund (including any Tax Reclaimed).
Agency Collections: These are donations received in response to specific appeals for other Charities, Organisations or Individuals.
These donations are then passed on in full to the appropriate Charity, Organisation or Individual.
Charity Number 1130459
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