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Shanklin United Reformed Church Charity Annual Report and Financial Statements for the Year
Ended 31 December 2023
Shanklin United Reformed Church Charity Annual Report for the year ended 31 December 2023
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 2023 until the date this report was approved are listed below. There were no changes at our AGM in March:
Minister Rev Brian Harley Chairman Elected Elders Miss Sheilagh Courtnage Mrs Yvonne Sparks Mr David White Mr Robin Wightman Secretary Mr Roy Wilson Mr Alan Hutton Mrs Janet Moore Mrs Karen Ogier
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 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 2023, the membership of the church stood at 86. Two members sadly died during the year. No new members were received.
Numbers on Sundays have gradually increased and quite a few people also watch the livestream on YouTube; this has continued to be 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 and now begins with a short time of fellowship over coffee and cake. Several mid-week fellowship groups meet regularly, and another Alpha Course was run with a handful of people in the Autumn. Some of our meetings and groups still utilise Zoom as this makes coming together much easier and time efficient. Our News sheet is emailed out each weekend and some copies are distributed by hand or post.
Worship is led in two local care homes each month and the church have this year set up a licence with BRF under their Anna Chaplaincy scheme. The first person was commissioned in December to work among old people in the community
Charity Number 1130459
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Shanklin United Reformed Church Charity Annual Report for the year ended 31 December 2023
A great success story has been the open door and warm space on a Wednesday which is called The Well. Soon after this got up and running, we were joined on a fortnightly basis by the Living Well and Early Help service which is now run by Aspire in Ryde. This partnership has seen the group blossom and grow as many local people have been welcomed and offered a safe place to relax and talk.
It has been encouraging to see a few more children joining with us in worship. Though numbers are still small, we do now have a regular group, and this is very much enjoyed by those who come. Messy Church has continued to be very successful in drawing in a good number of local families and our weekly toddler group is often bursting at the seams. We have regular contact with several local schools both through our minister taking assemblies and a few class sessions and the Open the Book team which enacts Bible stories.
A few of our members join in afternoon or evening worship with other local Christians and some other shared activities such as on Good Friday, Easter sunrise and breakfast. A joint music group shared songs and gave out 200 gift bags at the Christmas Community Day in Sandown
Members have again been very generous in supporting our work and giving has remained consistent. 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, a new Christians Against Poverty project on the Island, and support for persecuted Christians. There have also been additional thank-offerings at Harvest time for the work with mums and babies at the local YMCA and the Foodbank, and at Christmas for suffering believers in Egypt.
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 £64,881 this year, which is £3926 up on last year (£60,955). We also received a legacy of £3,000, a donation from the bookshop of £920 and £2,380 of other income. The day to day running expenses have also risen this year to £71,632 from £69,968 last year. Which means that the General Fund has a cash balance at the year-end of £19,202 (last year £20,881).
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 £484 at the year end. (last year £4,286). We installed secondary window glazing and undertook further work on the PA and AV systems to assist with the live streaming of services and other meetings. We had a gift day for this which raised £7,649 and we also received grants towards this work of £8,753. The total cost for the glazing was £15,928 and £2,576 was spent on the PA and AV Work. We are hopping to do some additional work on the PA and AV systems in the coming year for which further grants are available.
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 the donations were £588 short of this target and we will be aiming to make this up during 2024.
Reserves Policy
The Church does not have a reserves policy.
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Charity Number 1130459
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Shanklin United Reformed Church Charity Financial Statements Year Ended 31 December 2023
Treasurers Statement
I have prepared the financial statements on pages 4 to 11 for the year ended 31 December 2023.
……………………………………….................................................…………………… Colin Tamcken
Date ………………………………….
Independent Examiners Report
I report on the financial statements of Shanklin URC for the year ended 31 December 2023, 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 2023
| Notes Income Offertory Cash Gift Aid Tax reclaimed Other Income Bookshop Shanklin URC Youth Dividends and Interest Miscellaneous Caturpillars The Well Grants Total Income Payments Ministry & Mission Fund Bookshop Shanklin URC Youth Manse Church Donations 5 Miscellaneous Caturpillars The Well Depreciation 2 Youthworker Total Payments Transfers Between Funds 4 Net Income Fund Balances Brought Forward Fund Balances Carried Forward |
General Fund £ 16,799 37,257 10,825 3,925 68,806 215 1,666 494 71,181 37,992 3,183 16,089 5,900 6,003 0 69,167 -2,465 -451 21,393 20,942 |
Designated Funds £ 3,524 3,300 825 0 7,649 1,365 0 0 1,008 366 8,753 19,141 1,663 0 22,624 767 246 25,300 2,465 -3,694 10,891 7,197 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 9,274 9,274 |
Total £ 20,323 40,557 11,650 3,925 76,455 1,365 0 215 1,666 1,008 366 9,247 90,322 37,992 1,663 0 3,183 38,713 5,900 6,003 767 246 0 0 94,467 0 -4,145 41,558 37,413 |
2022 Total £ 18,634 32,745 9,576 1,327 62,282 698 35 12 1,794 1,148 0 495 66,464 37,992 967 0 3,058 17,664 8,575 5,993 706 0 0 0 74,955 0 -8,491 50,049 41,558 |
2022 Total |
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|---|---|---|---|---|---|---|---|---|
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 2023
| 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 The Well Youth Worker Fund Total Church Funds |
Notes 2 5 Notes 3 3 3 |
General Fund £ 0 2160 19202 0 21,362 420 0 420 20,942 General Fund £ 20942 20,942 |
Designated Funds £ 1240 611 844 2984 1518 7,197 0 7,197 Designated Funds £ 4224 844 464 1546 120 7,197 |
Restricted Fund £ 9274 9,274 0 9,274 Restricted Fund £ 9274 9,274 |
Total £ 0 2,160 1,240 29,087 844 2,984 1,518 37,833 420 0 420 37,413 Total £ 20,942 4,224 844 464 1,546 120 9,274 37,414 |
2022 Total £ 0 1,180 1,539 34,524 844 2,983 1,156 42,226 668 0 668 41,558 2022 Total £ 21,393 4,522 844 4,286 1,239 0 9,274 41,558 |
2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 2023
General Fund
Receipts
Payments
| Notes 2023 2022 Offertory - Cash 16,799 18,634 - Gift Aid 37,257 32,745 Tax Reclaimed 10,825 9,576 Legacy 3,000 0 Bookshop Donations 920 500 Link 0 0 Catering 5 0 Weddings 0 0 68,806 61,455 Dividends and Interest Investments 0 0 Bank Interest 215 12 215 12 Miscellaneous Photocopying/Tapes 0 0 Ryde URC Expenses Contribution 1,386 1,568 For Queens Books 0 114 Harvest Supper 255 0 Freedom in Christ Books 0 0 Other 25 112 1,666 1,794 Grants Other Grant 0 0 Manse Repairs Grant 494 495 494 495 Transfers Between Funds 0 0 Total Receipts 71,181 63,756 |
Notes 2023 2022 Offertory - Cash 16,799 18,634 - Gift Aid 37,257 32,745 Tax Reclaimed 10,825 9,576 Legacy 3,000 0 Bookshop Donations 920 500 Link 0 0 Catering 5 0 Weddings 0 0 68,806 61,455 Dividends and Interest Investments 0 0 Bank Interest 215 12 215 12 Miscellaneous Photocopying/Tapes 0 0 Ryde URC Expenses Contribution 1,386 1,568 For Queens Books 0 114 Harvest Supper 255 0 Freedom in Christ Books 0 0 Other 25 112 1,666 1,794 Grants Other Grant 0 0 Manse Repairs Grant 494 495 494 495 Transfers Between Funds 0 0 Total Receipts 71,181 63,756 |
Ministry & Mission Fund Manse Water Insurance Council Tax Maintenance Church Electricity Gas Water Insurance 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 Harvest Supper Software Licence/Web Site Costs Other Transfers Between Funds Transfer to Maintenance Fund Transfer to Caturpillars Depreciation Total Payments |
Notes 2023 2022 37,992 37,992 444 395 0 0 2,228 2,127 511 536 3,183 3,058 2,478 1,637 2,131 493 308 229 5,061 4,505 85 53 0 900 2,933 1,412 851 747 1,365 1,374 877 600 16,089 11,950 5 5,900 8,575 0 703 1,306 660 1,108 1,042 561 714 1,525 1,791 0 476 698 286 255 0 229 152 321 169 6,003 5,993 2,400 2,400 65 0 2,465 2,400 2 0 0 71,632 69,968 |
|---|---|---|---|
| 5 2 |
|||
| Total Receipts | 0 0 71,181 63,756 |
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| Net Income - General Fund | -451 -6,212 |
| 0 0 |
|
|---|---|
| Total Receipts | 71,181 63,756 |
| Net Income - General Fund | -451 -6,212 |
Charity Number 1130459
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Shanklin URC Bookshop Profit and Loss 1st January 2023 to 31st December 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Sales | 1,365 | 698 | ||||
| Opening Stock | 1,539 | 1,807 | ||||
| Purchases | 372 | 149 | ||||
| Less closing stock | 1,911 1,240 |
671 | 1,956 1,539 |
417 | ||
| Gross Profit | 694 | 281 | ||||
| Expenses | ||||||
| Bags/labels | 0 | 0 | ||||
| Staff | 60 | 50 | ||||
| General Expenses | 2 | 0 | ||||
| Postage & Stationery | 10 | 0 | ||||
| Shop Maintenance | 0 | 72 | 0 | 50 | ||
| Less: Donations to General Fund | 920 | 500 | ||||
| Net Profit | -298 | -269 | ||||
| Bookshop Assets | ||||||
| Stock | 1,240 | 1,539 | ||||
| Current Account | 2,954 | 2,953 | ||||
| Cash in Hand | 30 | 30 | ||||
| 4,224 | 4,522 | |||||
| Shanklin Designated Fund Statement |
URC Youth for the Year 2023 |
2022 Account Ended 31st December 2023 |
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| Receipts | ||||||
| Basement Café | 0 | 0 | ||||
| Transfer from General Fund | 0 | 0 | ||||
| Other Receipts | 0 | 35 | ||||
| Compasion | 0 | 0 | ||||
| Total Receipts | 0 | 35 | ||||
| Payments | ||||||
| Basement Café Costs | 0 | 0 | ||||
| Trips Out | 0 | 0 | ||||
| Resources | 0 | 0 | ||||
| Compassion | 0 | 0 | ||||
| Miscellaneous | 0 | 0 | 0 | 0 | ||
| Net Income/Deficit | 0 | 35 | ||||
| Youth Accounts | ||||||
| Cash in Hand | 0 | 0 | ||||
| Cash at Bank | 844 | 844 | ||||
| 844 | 844 |
Charity Number 1130459
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Shanklin United Reformed Church Charity Designated Fund Statements for the Year Ended 31 December 2023
Maintenance Fund
| Receipts Gift Day Donation - Cash Gift Day Donation - Gift Aid Tax Reclaimed URC Wessex Trust Grant - Windows URC Wessex Trust Grant - AV Transfer From General Fund Net Income/Deficit Caturpillars Fund Receipts Subscriptions Messy Church Donations Other Income Transfer From General Fund Net Income/Deficit The Well Fund Receipts Donations Net Income/Deficit |
2023 2022 Payments 3,524 0 Fire/Intruder Alarms 3,300 0 Boiler Servicing Etc 825 0 Other Repairs 7,171 827 Building Work 1,582 0 Windows Secondary Glazing 2,400 2,400 PA and AV Work Clock Servicing etc 18,802 3,227 -3,822 -2,825 2023 2022 Payments 968 1,093 Food/Drink 0 55 Equipment 40 0 Stationery 0 0 Craft Materials 65 0 Donations To Shanklin URC (Gen Fund) 1,073 1,148 306 442 2023 2022 Payments 366 0 Refreshments Misc Expenses 366 0 120 0 |
2023 2022 435 451 156 856 1,414 1,115 1,760 2,954 15,928 0 2,576 338 355 338 22,624 6,052 2023 2022 428 274 0 20 72 200 0 0 82 0 185 212 767 706 2023 2022 172 0 74 0 246 0 |
|---|---|---|
Shanklin United Reformed Church Charity Restricted Fund Statements for the Year Ended 31 December 2023
Youth Worker Fund
| Receipts Donations - Cash Donations - Gift Aid Tax Reclaimed Grants Received Net Income/Deficit |
2023 2022 Payments 0 0 Misc Expenses 0 0 Travel Costs 0 0 0 0 0 0 0 0 |
2023 2022 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 2023
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 2023
| 2 Fixed Assets | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| 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 2023 at £10,092,072 (2022 £9,344,511)
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 2023 at £215,573 (2022 £215,573)
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 2,160 19,202 -420 20,942 |
Bookshop | |
|---|---|---|---|
| 0 1,240 0 2,984 0 4,224 |
4 Transfers Between Funds
| ransfers Between Funds | ||
|---|---|---|
| 2023 | 2022 | |
| Transfer from General Fund to Maintenance Fund | 2,400 | 2,400 |
| Transfer from General Fund to Caturpillars Fund | 65 | 0 |
Charity Number 1130459
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Shanklin United Reformed Church Charity Notes to the Financial Statements Year Ended 31 December 2023
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 Anna Chaplaincy IW Foodbank Freedom in Christ Ministries Tear Fund Persecuted Church Release International Caring 4 Gods People Open Doors Elam UK Offertory Giving |
2023 2022 1,200 1,200 1,500 3,000 100 100 500 500 1,000 1,000 0 0 150 150 100 100 750 125 0 500 100 0 0 500 0 400 0 500 0 150 500 0 0 150 0 200 5,900 8,575 64,881 60,955 |
|---|---|
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 Romans One Eleven Trust Tear Fund Caring 4 Gods People YMCA - Mother & Baby Facility Christmas Appeals Release International - 2023 Operation Mobilisation - 2022 Mercy Ships - 2021 |
2023 2022 292 123 110 264 39 0 967 0 381 0 95 624 0 177 1,884 1,188 |
|---|---|
Agency Collections - Current Liabilities
(Balance not paid over at Year End)
| Release International | 381 | 0 |
|---|---|---|
| Caring 4 Gods People | 39 | 0 |
| Operation Mobilisation | 0 | 624 |
| Romans One Eleven Trust | 0 | 44 |
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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