# **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
# **FINANCIAL STATEMENTS**
**31 DECEMBER 2021**
**Charity Number 1130485**
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
|**CONTENTS**|**Pages**|
|---|---|
|Reference and administrative information|**1**|
|Trustees’ report|**2 - 6**|
|Independent Examiner’s report to the Trustees|**7**|
|Statement of Financial Activities|**8**|
|Balance Sheet|**9**|
|Notes to the financial statements|**10 - 19**|
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2021**
## Charity Name
Trinity-Henleaze United Reformed Church
Charity Number 1130485
Principal Address Waterford Road, Henleaze Bristol BS9 4BT
## Current Trustees
Mr Gordon William Inglis (deceased 7/4/21) Mrs Christine Ann Hyland Mr Keith Brierley Mrs Monica Frances Rudston Mrs Kristina Ehmen Mr David Jones Mrs Jean Isaacs Mrs Marian Gardener Mrs Carolyn Sims (appointed 21/3/21) Mrs Alison Rugg (appointed 21/3/21) Mr John Searle (appointed 21/3/21) Rev Neil Thorogood (appointed 21/3/21)
## Independent Examiner
Joshua Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
1
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2021**
The Trustees have pleasure in presenting their report together with the financial statements of the Charity for the year ended 31 December 2021.
## **Aim and Purpose**
## The Charity’s Objects
The objective of the Charity, as set out in the governing document issued by United Reformed Church, 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.
## The Charity’s Activities
Trinity-Henleaze United Reformed Church (URC) offers the opportunity of Christian worship to all. We are an open and welcoming congregation.
We aim to be a lively community of people who encourage one another to live out our Christian faith in the world and make an enriching contribution to the communities in which we live. These we do through:
- Worship and Prayer, learning about the Christian Gospel and reflecting on the challenges of faith in the modern context.
- Pastoral care and community involvement with people living in the area.
- Missionary and outreach work.
## **Achievements and Performance**
## Worship and Prayer
Worship and prayer continued to be impacted by the restrictions of Coronavirus. However, as the year progressed, we were able to meet in person far more regularly. During the lockdown January to March 2021, we returned to online zoom services and meetings.
We continued to keep in touch as a congregation in and out of lockdown through the delivery of service sheets, sermons and a weekly reflection by our Minister entitled Companions on the Way. The times of our services varied depending on which restrictions were in force at the time. On the first Sunday of the month Holy Communion was celebrated.
When we were able to hold worship in the Sanctuary, these services included a period of worship with the children and young people present, who then leave the adult congregation and go to their classes in the Junior Church. Worship and teaching in the Junior Church is led by volunteers from the congregation.
For children under the age of 3 years a crèche is offered during Sunday worship.
We welcome people seeking Baptism and the celebration of Marriage. We offer a religious service of blessing to heterosexual and same-sex couples who have entered into marriage or Civil Partnership.
2
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2021**
We support people at times of bereavement and welcome them for funeral services.
A number of funerals in 2021 were conducted under the restrictions imposed by the pandemic.
A regular Prayer Meeting is held on Friday mornings.
## Pastoral Care
The Elders of the Church look after groups of Members and other regular attendees. At the monthly Elders Meeting, the Elders advise of any particular matters of Pastoral concern in order that such concerns are shared and people are offered support.
During 2021 a number of our youth and children’s work volunteers updated their Safeguarding Training.
There are several groups which the Church normally organizes, on weekdays, offering a caring, friendly and supportive welcome to people in the local community. Unfortunately, not of all these could be sustained due to the restrictions of the pandemic. However, we focussed our attention on continuing Singing for the Brain online, the art group and a regular coffee morning on Friday mornings, which is open to all. In addition, we created a new opportunity for an informal coffee and chat on Tuesday afternoon. We also started to open the Church on Wednesday mornings for private prayer and contemplation. These groups are entirely run by volunteers from the church and local community.
We publish a Monthly Newsletter which is available to the congregation and anyone who visits the Church. The Newsletter informs of important matters affecting our Church, information about forthcoming events and contains articles to help develop faith and beliefs. It is available in electronic form and hard copy.
As 2021 unfolded we were delighted to begin to welcome back some of the community groups which had been using our buildings prior to the pandemic
The excellent facilities we provide to these groups have been maintained. Building a relationship with user groups is part of our care for people and the local community.
The annual ‘Henleaze Christmas Festival’ was able to run in a reduced form and we were able to support the festival once again.
Our website, http://www.trinityhenleazeurc.org.uk (thurc.org.uk) is maintained with up-to-date information about the life of the Church and the opportunities our buildings offer to the local community. We continue to use Facebook and other social media to share the life of the Church.
## Mission and Outreach
Elders and the Church Members continue to work to develop the vision and mission of the church. A small task group met throughout 2021 and brought proposals for developing our mission and outreach to the Church meeting in July 2021. Since then, we have been working to implement these. Improvements to the Church grounds have been made and new and improved signage is in place.
In normal times, once a month, we have a retiring collection at Sunday Services through which voluntary donations are made to a variety of charitable causes. The charities we support are nominated and selected by Church members and adopted by the Church Meeting on an annual basis. Unfortunately, our services had to be curtailed. We were unable to hold the majority of events, for fundraising and awareness raising, for the charitable causes. However, we managed to hold a successful coffee morning supporting the Macmillan Cancer Charity. In addition, the Keynsham Brass Band held a fundraising concert in aid of the Henleaze Singing for the Brain Group
The Church and Community buildings are used extensively by many different community groups and a rich variety of events. We estimate around 4,000 people visit and use the buildings each month in non-COVID times. Users include:
3
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2021**
- Henleaze Concert Society’s regular audience of 250 people.
- Concerts by soloists, orchestras, choirs, ensembles, local school groups offer a rich and varied musical programme throughout the year.
- Every week:- Rainbows and a Brownie pack, sports clubs, dance and exercise groups, flower arrangers, art and craft groups, coffee mornings for the elderly, health and well-being support groups. These activities provide the opportunity to develop networks of friendship and build a sense of community
- We are a community-based venue for a weekly Health Service Baby Clinic in non-COVID times
- The Bristol Child Contact Centre use the premises twice a month, supporting contact between children and their separated parents in a safe and affirming setting staffed by volunteers both local and from the Church.
- A variety of one-off events of community and charitable nature.
- The buildings are available for hire for private functions too.
We have reserved Tuesdays, Fridays and Sundays for Church worship and outreach activities as we continue to develop our life and work.
We are an Eco Church and continue in our commitment to providing recycling facilities in the buildings and we are a Fairtrade Church.
## Finance and Property
The Church has a Finance and Property committee, drawn from the Church membership and congregation. They ensure the buildings are maintained to a high standard and are compliant with current Health & Safety Standards and current Fire Regulations. We employ a Health and Safety company to assist with this.
The Bradbury Hall, Coffee Bar and Meeting rooms and the Church House offer great facilities in the centre of our community. The buildings are equipped to a high standard. They are maintained in a good state of repair and cleanliness and we offer a high level of service to all who come to use the buildings.
In 2021 we restricted maintenance work to essential tasks only as our income had been seriously impacted by Coronavirus.
## **Public Benefit**
The Trustees have complied with their legal duty to have due regard to public benefit guidance published by the Charity Commission.
## Financial Review
The Trinity-Henleaze URC Reserves Policy is described below, taking into account the security of our two main income streams: regular giving and lettings.
## _Occasional Worship Giving_
We receive on average around £28 per Sunday via the collection bags. This is a very unpredictable income stream and therefore is excluded from our calculations.
## _Regular Giving_
We have a large number of church members who pay via either a weekly or monthly standing orders. This is a predictable income stream and therefore is accounted for in our calculations.
## _Lettings_
Our lettings income is derived from a large number of varied user groups across our three buildings. This has been a reliable stream and therefore is accounted for in our calculations. However, the Global Pandemic and lockdown continues to have an extraordinary impact this year upon our finances.
4
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2021**
## _Loss of Income_
Due to the diversity of income sources there has to be an extreme set of circumstances before we lose a large portion of our income. 2021 was another year in which an extreme set of circumstances impacted our income. We have Loss of Income insurance and we were notified that the Loss of Income Insurance claim had been agreed and the amount of compensation settled. We received £104,328 on 3 February 2022. This will be reported in the Statement of Financial Activities for the year ending 31 December 2022.
## _Income from Legacies_
During the year 2021, the Church received a generous legacy from the estate of Mrs Joan Gunn. Joan was a longstanding member of the Church and served as Church Secretary and Elder for many years _._
## _Expenditure_
In 2021, £13,711 was spent on buildings maintenance and repairs. This included replacement of the zip boiler in the Coffee Bar.
## _Reserves_
Our total annual expenditure amounted to £122,576. Of this, £13,711 was spent on building maintenance and repairs. At the year-end date, free reserves amounted to £221,097 being the total of money in bank and investments less the restricted and designated funds amounting to £4,004. This is in excess of the reserves policy. The Trustees acknowledge that excess funds are being held by the charity. The developments identified by the Task Group to enhance our worship outreach and our grounds will take up a considerable portion of these reserves. This includes investing in equipment to enable live streaming of worship and other ways of making church life more widely available in these restricted times.
The Trustees have reviewed the previous reserves policy in the light of the Covid 19 restrictions of the past two years, with the consequent loss of income for the Church.
The Trustees now consider that an appropriate and prudent policy should be that reserves, as represented by net assets, be maintained at £70,000.
The policy in previous years was that net assets should be maintained at three months normal expenditure. The Trustees consider that this policy is no longer appropriate for current and foreseeable circumstances.
## _COVID-19_
Whilst continuing to follow Government instruction and the United Reformed Church advice, including lockdowns, we were also able to open our buildings more as 2021 progressed.
Elders maintained contact with members through their Pastoral Care lists.
Our Ministry and Mission contribution to the Synod continued at the reduced level agreed last year of 50%. In addition, we were able to make an extraordinary donation of £10,000 to the Synod.
Income from the letting of our facilities saw only a small increase. However, the reserves which we hold are sufficient to sustain Trinity-Henleaze URC for the immediate future.
Under the Government’s Flexible Furlough Scheme, the Centre Manager and Caretaker were furloughed. The office and premises were manned flexibly based on restrictions in force at the time.
## **Structure, Governance and Management**
## Governing Document
The governing document of the Church is Trusts distilled from the United Reform Church Acts of Parliament (1972 and 1982) and the Scheme of Union (1972).
## Appointment of Trustees
The Trustees currently consist of the Secretary and Serving Elders. Elders are appointed by the Church Meeting and serve for a period of three years. On completion of that period they are eligible for re-election for a further three years.
5
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **TRUSTEES’ REPORT**
## **YEAR ENDED 31 DECEMBER 2021**
At the end of this period they retire for at least one year, before becoming eligible for re-election.
The Treasurer and Secretary are appointed by the Church Meeting.
The Church Meeting, comprised of all friends and Members of Trinity-Henleaze URC who choose to attend, is the decision-making body of the local Church. Only Church Members are entitled to vote. The Church Meeting can delegate some decision making to Trustees, Finance and Property Committee and Staff in positions of responsibility.
Decisions relating to significant changes to Church buildings are taken in consultation with the Property Trustees, who are the South Western Synod Trust (Inc) of the United Reformed Church.
## **Statement of Trustees’ Responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Rev Neil Thorogood Chairman of Trustees
8 June, 2022
6
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2021**
## **Independent Examiner’s Report to the Trustees of Trinity-Henleaze United Reformed Church**
I report to the Trustees on my examination of the accounts of the Trinity-Henleaze United Reformed Church for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material 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 Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I 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.
Joshua Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
8 June, 2022
7
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2021**
|**Unrestricted**
**Funds**
**Note**
**£**
**Income from:**
Donations and legacies
**2**
114,384
Other trading activities
**3**
24,668
Investment income - interest & dividends
3,043
Covid-19 assistance grants
8,348
**Total income**
150,443
**Expenditure on:**
_Charitable activities_
Ministry
**4**
117,471
**Total expenditure**
117,471
**Gains/(Losses) on investments**
**10**
8,520
**Net income/(expenditure) before**
**transfers**
41,492
**Transfers between funds**
**12**
(89)
**Net movement in funds**
41,403
**Reconciliation of funds:**
**Total funds at 1 January 2021**
**12**
180,694
**Total funds at 31 December 2021**
**12**
222,097|**Unrestricted**
**Funds**
**Note**
**£**
**Income from:**
Donations and legacies
**2**
114,384
Other trading activities
**3**
24,668
Investment income - interest & dividends
3,043
Covid-19 assistance grants
8,348
**Total income**
150,443
**Expenditure on:**
_Charitable activities_
Ministry
**4**
117,471
**Total expenditure**
117,471
**Gains/(Losses) on investments**
**10**
8,520
**Net income/(expenditure) before**
**transfers**
41,492
**Transfers between funds**
**12**
(89)
**Net movement in funds**
41,403
**Reconciliation of funds:**
**Total funds at 1 January 2021**
**12**
180,694
**Total funds at 31 December 2021**
**12**
222,097|**Restricted**
**Funds**
**£**
1,643
-
-
-
1,643
5,105
5,105
-
(3,462)
89
(3,373)
6,377
3,004|**Total Funds** Total Funds
**2021**
2020
**£**
£
116,027
49,172
24,668
39,733
3,043
4,234
8,348
7,326|**Total Funds** Total Funds
**2021**
2020
**£**
£
116,027
49,172
24,668
39,733
3,043
4,234
8,348
7,326|
|---|---|---|---|---|
||150,443||152,086|100,465|
||117,471||122,576|200,264|
||117,471||122,576|200,264|
||8,520||8,520|5,887|
||41,492
(89)||38,030
-|(93,912)
-|
||41,403
180,694||38,030
187,071|(93,912)
280,983|
||222,097||225,101|187,071|
The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing
Comparative fund movements are shown in note 7
**The notes on pages 10 to 19 form part of these financial statements**
8
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2021**
|**Note**
**Fixed assets**
Office equipment
**8**
**Current assets**
Debtors
**9**
Investments
**10**
Cash at bank and in hand
**Creditors : Amounts falling due**
**within one year**
**11**
Net Current Assets
**Net assets**
**Funds**
**Unrestricted funds**
General funds
**13**
Designated funds
**13**
**Restricted funds**
**13**|**2021**
**£**
-
-
8,892
71,368
147,185
227,445
(2,344)
225,101
225,101
221,097
1,000
3,004
225,101|2020
£
-|
|---|---|---|
|||-
12,647
87,703
91,369|
|||191,719
(4,648)|
|||187,071|
|||187,071|
|||179,694
1,000
6,377|
|||187,071|
These financial statements were approved by the Trustees on 8 June, 2022 and are signed on its behalf by:
Neil Thorogood Chairman of Trustees
Isobel Hodgkinson Treasurer
**The notes on pages 10 to 19 form part of these financial statements**
9
**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **1 Accounting policies**
The financial statements have been prepared in accordance with the historical cost convention (except for investments which have been included at fair value) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Trustees' report on page 5 refers to certain material uncertainties regarding COVID 19. Having considered this, and taking account of the Church's financial position, the Trustees consider that the accounts should continue to be prepared on a going concern basis.
The Charity constitutes a public benefit entity as defined by FRS102.
## **Funds**
General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Trustees. These include funds designated for a particular purpose by the Trustees.
Restricted funds are those derived from gifts which are restricted to a particular purpose.
## **Income**
All income is recognised once the Church has entitlement to the income, there is sufficient certainty of receipt and it is therefore probable that the income will be received, and the amount of income can be measured reliably.
## _**Income from gifts**_
Planned giving receivable by standing order is recognised when received. Collections are recognised when received by or on behalf of the Trustees. Gift aid is accrued on donations when there is a valid declaration from the donor, and accounted for in the year to which the giving relates. Any gift aid amount recovered on a donation is treated as an addition to the same fund as the initial donation unless the donor or terms of the appeal have stated otherwise.
## _**Grants**_
Grants to the Church are included in the Statement of Financial Activities when the Church becomes entitled to the income, this being when it is probable that the income will be received, and the amount can be measured reliably.
## _**Legacy income**_
Legacy income is recognised when receipt is probable, that is, when there has been grant of probate, the executors have established there are sufficient net assets to pay the legacy, and any conditions attached have been met or are in the control of the church.
10
**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
- **1 Accounting policies** _**(continued)**_
## _**Donated goods, facilities and services**_
Donated goods, facilities and services are recognised as income with an equivalent amount recognised as an expense, except for the contribution of volunteers which it is considered impractical to reliably measure for accounting purposes. The donated goods, facilities and services are recognised on the basis of the value of the gift to the Church which is the amount that the Church would have been willing to pay to obtain such services or facilities of equivalent economic benefit on the open market.
## _**Investment income**_
Dividends and interest are accounted for when receivable.
## _**Other income**_
Income to cover the cost of church events is accounted for gross, rather than being netted off against related costs within reported expenditure. Rental income from the letting of the church buildings is recognised when the rental is due.
## _**Realised & unrealised gains and losses**_
All gains and losses are taken to the Statement of Financial Activities as they arise. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered.
The majority of costs are directly attributable to the specific charitable activities. The support costs have been apportioned to the activities of the Charity on the basis of usage of resources, this is thought to represent a reasonable representation of the level of support required for each activity.
## _**Governance**_
Governance costs represent the expenditure related to statutory requirements such as audit or independent examination and legal advice. They have been included within support costs relating to charitable activities.
## **Fixed Assets**
## _**Land and Buildings**_
The Church does not own the buildings, these are held and owned by the Synod. As a consequence the properties are not considered to be controlled by the Church and therefore are not held on the Church's Balance Sheet. When capital work is carried out on the property by the Church, this is expended out of funds through the Statement of Financial Activities as incurred.
11
**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **1 Accounting policies** _**(continued)**_
## _**Other fixtures, fittings and office equipment**_
Fixtures, fittings and equipment including IT costing over £1,000 are valued at cost.
Depreciation is provided on tangible assets at rates calculated to write off the cost, less estimated residual value of each asset, over its expected useful life as follows:
Straight line over 5 years at 20%
Fixtures & Fittings Equipment Straight line over 5 years at 20%
## **Trade debtors**
Amounts owing to the Charity at 31 December in respect of fees, rents or other income are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the Charity. Subsequently, they are measured at the level of cash or other consideration expected to be received.
## **Investments**
Investments are held for the continuing benefit of the charity. Fixed interest investments are measured at cost less impairment. Investments which are publicly traded in an active market are measured at fair value, on the basis of market value.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**Creditors and provisions**_
Creditors and provisions are recognised when the Charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Liabilities are measured on recognition at their historical cost and then subsequently at the best estimate of the amount required to settle the obligation at the reporting date.
## **2 Donations and legacies**
|**Unrestricted**
**Funds**
**£**
Donations
31,216
Legacies
75,232
Income tax recovered (gift aid)
7,936
114,384
**Prior year comparatives**
**Unrestricted**
**Funds**
**£**
Donations
37,404
Income tax recovered (gift aid)
9,298
46,702|**Unrestricted**
**Funds**
**£**
Donations
31,216
Legacies
75,232
Income tax recovered (gift aid)
7,936
114,384
**Prior year comparatives**
**Unrestricted**
**Funds**
**£**
Donations
37,404
Income tax recovered (gift aid)
9,298
46,702|**Restricted**
**Funds**
**£**
1,643
-
-
1,643
**Restricted**
**Funds**
**£**
2,470
-
2,470|**Total Funds**
**2021**
**£**
32,859
75,232
7,936|
|---|---|---|---|
||||116,027|
||||**Total Funds**
**2020**
**£**
39,874
9,298|
||46,702||49,172|
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**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **3 Other trading activities**
|**Other trading activities**|**Other trading activities**||||
|---|---|---|---|---|
|**Unrestricted**
**Funds**
**£**
Church lettings
24,668
Fund raising
-
24,668
All other trading activities in 2020 were unrestricted.||**Restricted**
**Funds**
**£**
-
-
-|**Total Funds** Total Funds
**2021**
2020
**£**
£
24,668
39,614
-
119||
||24,668||24,668|39,733|
||||||
## **4 Charitable activities**
|**Unrestricted**
**Funds**
**£**
_Grants and donations made_
Charitable donations
-
_Ministerial costs:_
URC Ministry and Mission fund
39,222
Ministry expenses
194
Manse rates and repairs
637
_Direct costs of church activities:_
Joint pastorate costs
2,579
Church events
65
Insurance
7,497
Worship
2,826
Pulpit supply
406
_Support costs_
Water and Rates
587
Building maintenance
13,711
Depreciation
-
Cleaning
2,167
Heat and light
6,702
Licenses
739
Repairs and renewals
2,040
Photocopier/Computer
526
Printing, postage & stationery
989
Telephones
676
Admin and office costs
27,859
Other running costs & expenses
3,131
Professional fees
3,058
Independent examiner's fee
1,860
117,471|**Unrestricted**
**Funds**
**£**
_Grants and donations made_
Charitable donations
-
_Ministerial costs:_
URC Ministry and Mission fund
39,222
Ministry expenses
194
Manse rates and repairs
637
_Direct costs of church activities:_
Joint pastorate costs
2,579
Church events
65
Insurance
7,497
Worship
2,826
Pulpit supply
406
_Support costs_
Water and Rates
587
Building maintenance
13,711
Depreciation
-
Cleaning
2,167
Heat and light
6,702
Licenses
739
Repairs and renewals
2,040
Photocopier/Computer
526
Printing, postage & stationery
989
Telephones
676
Admin and office costs
27,859
Other running costs & expenses
3,131
Professional fees
3,058
Independent examiner's fee
1,860
117,471|**Restricted**
**Funds**
**£**
4,987
-
-
-
-
-
-
-
118
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,105|**Total Funds** Total Funds
**2021**
2020
**£**
£
4,987
2,647
39,222
35,944
194
2,449
637
2,622
2,579
1,400
65
25
7,497
7,087
2,826
3,309
524
420
587
1,387
13,711
86,320
-
3,146
2,167
2,048
6,702
7,838
739
634
2,040
70
526
1,895
989
598
676
765
27,859
33,209
3,131
3,067
3,058
1,633
1,860
1,751|**Total Funds** Total Funds
**2021**
2020
**£**
£
4,987
2,647
39,222
35,944
194
2,449
637
2,622
2,579
1,400
65
25
7,497
7,087
2,826
3,309
524
420
587
1,387
13,711
86,320
-
3,146
2,167
2,048
6,702
7,838
739
634
2,040
70
526
1,895
989
598
676
765
27,859
33,209
3,131
3,067
3,058
1,633
1,860
1,751|
|---|---|---|---|---|
||117,471||122,576|200,264|
Charitable donations are donations made to other charitable organisations which further the objects of the charity. All charitable activities expenditure in 2020 was unrestricted except for £1,950 restricted expenditure for charitable donations/grant funded activites.
13
**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **5 Staff costs**
|Salaries
Employer's National insurance
Employer's Pension Contributions|**Total Funds** Total Funds
**2021**
2020
**£**
£
24,981
27,862
1,038
1,470
148
240|**Total Funds** Total Funds
**2021**
2020
**£**
£
24,981
27,862
1,038
1,470
148
240|
|---|---|---|
||26,167|29,572|
No employee earned more than £60,000 during the year (2020: none).
During 2021, the average weekly number of staff employed was 4 (2020: 3.19).
The total amount of salaries and benefits received by Trustees and key management personnel was £12,991 (2020 - £13,040).
## **6 Related party transactions**
Expenses paid to Trustees during the year were £nil (2020 - £nil).
Donations received from Trustees and related parties during the year were £5,255 (2020: £5,579).
No other remuneration or benefits were paid to Trustees in the 2021 or 2020 (none) year.
## **7 Prior period fund movements**
|**Unrestricted**
**Funds**
**Income from:**
**£**
Donations and legacies
46,702
Other trading activities
39,733
Investment income - interest & dividends
4,234
Covid-19 assistance grants
7,326
**Total income**
97,995
**Expenditure on:**
_Charitable activities_
Ministry
198,314
**Total expenditure**
198,314
**Gains/(Losses) on investments**
5,887
**Net income/(expenditure) before transfers**
(94,432)
**Transfers between funds**
694
**Net movement in funds**
(93,738)
**Reconciliation of funds:**
**Total funds at 1 January 2020**
274,432
**Total funds at 31 December 2020**
180,694|**Restricted**
**Funds**
**£**
2,470
-
-
-|**Total Funds**
**2020**
**£**
49,172
39,733
4,234
7,326|
|---|---|---|
||2,470|100,465|
||1,950|200,264|
||1,950|200,264|
||-|5,887|
||520
(694)|(93,912)
-|
||(174)
6,551|(93,912)
280,983|
||6,377|187,071|
14
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **8 Tangible fixed assets**
|**Cost**
At 1 January 2021 and 31 December 2021
**Depreciation**
At 1 January 2021 and 31 December 2021
**Net book value**
At 31 December 2021 and 31 December 2020
**9**
**Debtors**
Trade debtors
Other debtors
**10**
**Investments**
_Portfolio-held investments_
Charities Ethical Investment Fund
_Fixed interest_
Churches Mutual Credit Union
Virgin Money|**£**
13,738
13,738
-
**Fixtures &**
**Fittings**|**Equipment**
**£**
2,000|**Total**
**£**
15,738|
|---|---|---|---|
|||2,000|15,738|
|||-|-|
|||**2021**
**£**
8,892
-|2020
£
11,288
1,359|
|||8,892|12,647|
|||**2021**
**£**
70,015
300
1,053|2020
£
86,495
299
909|
|||71,368|87,703|
The Charities Ethical Fund invests mainly in equities but also in property, bonds and other asset classes.
|_Portfolio-held investments_
Market Value at 1 January
Sale of part holding
Gains/(Losses) in investments
Market Value at 31 December|**2021**
**£**
86,495
(25,000)
8,520|2020
£
101,108
(20,500)
5,887|
|---|---|---|
||70,015|86,495|
15
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **11 Creditors: amounts falling due within one year**
|Accrued expenditure
Other creditors|**2021**
**£**
2,344
-|2020
£
1,733
2,915|
|---|---|---|
||2,344|4,648|
## **12 Movement in funds**
|**Restricted funds**
Aid Box Community
BDAA
Brace
Breadline Africa
Carer's Group
Christian Aid
Commitment For Life
Community of the sisters
Contact Centre
Enough
Flower Fund
Great Western Air Ambulance
Marie Curie
Mary's Meals
Others Fund
Reminiscence Group
Royal Nat.Childrens Springboard
Salt of the Earth
Singing For The Brain
Welfare Fund
**Unrestricted funds**
General funds
Henleaze @ Heart fund
**Total funds**|**At**
**1 January**
**2021**
**£**
-
-
201
55
525
65
131
-
914
280
55
36
221
76
85
36
36
32
1,904
1,725
6,377
179,694
1,000
180,694
187,071|**Income**
**£**
42
123
-
-
-
-
196
376
97
-
-
-
-
76
-
-
-
-
733
-|**Expenditure**
**£**
(46)
-
(205)
-
-
-
(229)
(444)
(1,238)
-
(118)
(39)
(221)
(97)
-
-
(38)
(40)
(2,140)
(250)
(5,105)
(117,471)
-
(117,471)
(122,576)|**At**
**Transfers 31 December**
**and gains**
**2021**
**£**
**£**
4
-
-
123
4
-
-
55
-
525
-
65
-
98
68
-
-
(227)
-
280
-
(63)
3
-
-
-
-
55
-
85
-
36
2
-
8
-
-
497
-
1,475|**At**
**Transfers 31 December**
**and gains**
**2021**
**£**
**£**
4
-
-
123
4
-
-
55
-
525
-
65
-
98
68
-
-
(227)
-
280
-
(63)
3
-
-
-
-
55
-
85
-
36
2
-
8
-
-
497
-
1,475|
|---|---|---|---|---|---|
|||1,643
150,443
-||89
8,431
-|3,004
221,097
1,000|
|||150,443||8,431|222,097|
|||152,086||8,520|225,101|
16
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
|**12**
**Movement in funds (continued)**
**Prior year comparatives**
**Restricted funds**
BDAA
Brace
Breadline Africa
Carer's Group
Children's Hospice SW
Christian Aid
Church Action on Poverty
Churches against Poverty
Commitment For Life
Contact Centre
Enough
Flower Fund
Graham Ecroyd Trust
Great Western Air Ambulance
Marie Curie
Mary's Meals
Others Fund
Reminiscence Group
Royal Nat.Childrens Springboard
Salt of the Earth
Singing For The Brain
Welfare Fund
**Unrestricted funds**
General funds
Henleaze @ Heart fund
**Total funds**|**At**
**1 January**
**2020**
**£**
49
-
55
475
-
618
-
330
1
824
280
55
-
36
221
76
85
-
-
200
1,871
1,375
6,551
273,432
1,000
274,432
280,983|**Income**
**£**
-
260
-
50
64
51
44
-
136
90
-
-
-
-
-
-
-
36
36
-
1,353
350|**Expenditure**
**£**
(117)
(59)
-
-
(77)
-
(103)
-
(6)
-
-
-
(100)
-
-
-
-
-
-
(168)
(1,320)
-
(1,950)
(198,314)
-
(198,314)
(200,264)|**At**
**Transfers 31 December**
**and gains**
**2020**
**£**
**£**
68
-
-
201
-
55
-
525
13
-
(604)
65
59
-
(330)
-
-
131
-
914
-
280
-
55
100
-
-
36
-
221
-
76
-
85
-
36
-
36
-
32
-
1,904
-
1,725
(694)
6,377
6,581
179,694
-
1,000
6,581
180,694
5,887
187,071|
|---|---|---|---|---|
|||2,470
97,995
-||(694)
6,581
-|
|||97,995||6,581|
|||100,465||5,887|
Transfers from general funds have been made to eliminate overspends in the restricted funds.
## **Restricted fund descriptions**
Aid Box Community - funds received for a charity which provides support and sanctuary to refugees and asylum seekers in Bristol.
BDAA - aims to enable Bristol to become 'The Dememtia Friendly City of the UK'.
Brace - An independent charity committed to defeating dementia through scientific research. Breadline Africa - Poverty relief in South Africa.
17
**TRINITY-HENLEAZE UNITED REFORMED CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **12 Movement in funds** _**(continued)**_
## **Restricted fund descriptions (continued)**
Carers' Group - A support group for people in the Henleaze Area who care for the needs of an ageing or dependent family member or friends at home.
Children's Hospice South West - the charity provides palliative, respite, end of life and bereavement care for life-limited and terminally ill children and their families.
Christian Aid - Christian Aid is the official relief and development agency of 41 British and Irish Churches.
Church Action on Poverty - a UK-based national ecumenical Christian social justice charity, committed to tackling poverty in the United Kingdom.
Churches against Poverty - a Christian charitable specialising in debt counselling for people in financial difficulty.
Commitment for Life - World development program of the URC.
Community of the Sisters - Supports those in need because of homelessness, poverty, addiction or illness Contact Centre - A place for children to meet with parents after relationship breakdown.
Enough - Helping Hartcliffe community flourish.
Flower Fund - Trinity-Henleaze United Reformed Church fund to provide flowers in church.
Graham Ecroyd Trust - The Trust helps communities to become sustainable, where currently they are not, and to encourage the creation of sustainable communities
Great Western Air Ambulance - Charity which provides the air ambulance and critical care service.
Marie Curie - provides nurses and frontline staff to support dying people and their families.
Mary's Meals - Providing children with a meal during the school day.
Others fund - Represents funds received from local charities to cover the church's administration expenses.
Reminiscence Group - A meeting group to support older members of the Church and the local community.
Royal National Children's Springboard Foundation - Works to bring the transformational opportunities offered by the UK's leading schools to young people from challenging circumstances who will benefit from them the most.
Salt of the Earth - Supports rural development projects in India.
Singing for the Brain - Singing group for people with dementia.
Welfare fund - Discretionary church fund.
## **Designated fund descriptions**
Henleaze @ Heart - These funds have been set aside by the Trustees for emergency community projects.
## **13 Analysis of net assets between funds**
|**Unrestricted funds**
General funds
Designated funds
**Restricted funds**|**Other net**
**assets**
**£**
221,097
1,000
3,004|**Total**
**£**
221,097
1,000
3,004|
|---|---|---|
||225,101|225,101|
18
## **TRINITY-HENLEAZE UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2021**
## **13 Analysis of net assets between funds** _**(continued)**_
|**Prior year comparative**
Unrestricted funds
General funds
Designated funds
Restricted funds|**Other net**
**assets**
**£**
179,694
1,000
6,377|**Total**
**£**
179,694
1,000
6,377|
|---|---|---|
||187,071|187,071|
## **14 Events occurring after the end of the reporting period**
Trinity-Henleaze URC holds loss of income insurance and made a claim on this to cover income lost for the periods the church buildings were forced to close as a result of the covid-19 pandemic. The Trustees were notified that the Loss of Income Insurance claim had been agreed and the amount of compensation settled. We received £104,328 on 3 February 2022. This will be reported in the Statement of Financial Activities for the year ending 31 December 2022.
19