TRINITY-HENLEAZE UNITED REFORMED CHURCH FINANCIAL STATEMENTS 31 DECEMBER 2023 Charity Number 1130485
TRINITY-HENLEAZE UNITED REFORMED CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS Pages Reference and administrative information Trustees, report Independent Examiner's report lo the Trustees Statement of Financial Activities Balance Sheet Notes to the financial slalemenls 10-20
TRINITY-HENLEAZE UNITED REFORMED CHURCH REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2023 Chari Name Trinily-Henleaze United Reformed Church Charit Number 1130485 Princi al Address Waterford Road, Henleaze Bristol BS9 4BT Current Trustees Christine Ann Hyland Kristina Ehmen David Jones Jean Isaa¢s Marian Gardener Carolyn Sims Alison Rugg John Searle Rev Neil ThorogcK)d Marjorie Salisbury Leonie Budd Jennifer Pearcy Jean Ashford Monica Rudston (resigned April 20231 {resigned March 20241 {resigned March 20241 Iresigned April 20231 (resigned March 20241 {apFX)inted March 20241 {apFx)inted March 20241 Inde endent Examiner Joshua Kingston Bsc ACA Burton Sweet Limited The Clock Tower 5 Fadeigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 The Trustees have pleasure in presenting their report together with the financial statements of the Charity for the year ended 31 December 2023. Alm and Purpose The Chari 's Ob'ects 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 Charit 's Activities Trinily-Henleaze United Reformed Church IURCI 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, leaming about the Christian Gospel and reflecting on the challenges of faith in the modern conlexL Pastoral care and community involvement with people living in the area. Missionary and outreach work. Achievements and Performance Worshi and Pra er We continued to keep in touch as a congregation through the delivery of service sheets, sermons and a weekly reflection by our Minister enlilled Companions on the Way. On the first Sunday of the month Holy Communion was lebrated. Our services induded a period of worship with the children and young people present, who then leave the adult congregation and go lo their classes in the Junior Church. Worship and teaching in the Junior chUh 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. We support people al times of bereavement and welcome them for funeral services. 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 concem in order that such COnmS are shared and people are offed support. There are several groups which the Church nomially organizes, on weekdays, offering a caring, friendly and supportive welcome to people in the local community. Singing to Remember (Formerly Singing for the Brainl
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 meets in person on 1st, 3rd and 5th Thursday afternoons each month. The Art Group meets weekly on a Thursday. There is a regular coffee morning on Friday mornings, which is open lo all. We continued an infomial coffee and chal on Tuesday afternoon. We opened the Church on Wednesday mornings for private prayer and conlemplalion. Vve joined the national campaign lo offer warm welcome spaces during the winter month. Our wami welcome space ran through January to March and we relaunched il in November 2023. These groups are entirely run by volunteers from the thurch and local community. We continued occasional walks for the congregation and friends. We publish a Monthly Newsletter which is available lo the congregation and anyone who visits the Church. The Newsletter informs of important matters affecting our Church, infomiation about forthcoming events and contains articles to help develop faith and beliefs.11 is available in electronic fomi and hard copy. We have continued lo maintain the excellent facilities we provide lo the community groups who use our facilities. Building a relationship with user groups is part of our care for people and the local community. We continued to develop our connections with the annual 'Henleaze Christmas Festival, by offering our building, providing craft aclivilies, creating a prayer labyrinth and inviting people to enjoy some tranquillity in the main worship spa. Our website, htt :Ilwww.trinil henleazeurc.or .uk Ithurc.org.ukl is maintained with up-to-dale information about the life of the Church and the opportLJnilies 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. Our new gardens were used by the wider community. and we were also able to hold worship in them. Through our own resources, supported by a Synod grant, we upgraded our main audio system, installed screens and video and are able to share our worship via YouTube to the wider community. Once a month. we have a retiring collection al Sunday Services through which voluntary donations are made to 8 variety of charitable causes. The charities we SUPFX)rt are nominated and selected by Church members and adopted by the Church Meeting on an annual basis. We held a sucTrssful coffee morning supporting the Macmillan Cancer Charity. In addition, we held a Christian Aid Coffee Morning. The Church and Community buildings are used extensively by many different community groups and a rich variety of events. Users include.. Henleaze Concert Society's regular audien of 250 people. Concerts and rehearsals by soloists, orchestras, choirs, ensembles, local sch(x)I groups offer a rich and varied musical programme throughout the year. Every week'.- RainLx)ws and a Brownie pack, sports clubs, dance and exercise groups, flower arrangers, art and craft groups, coffee momings for the elderly, health and well-being support groups and IT support group for the wider public. Diverse U3A groups meet regularly in our premises. All these activities provide the opportunity to develop networks of friendship and build a sense of community. The Bristol Child Contact Centre use the premises twi 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 and at the end of 2023 we embarked upon an advertising campaign to highlight their availability.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 We have reserved Tuesdays. Fridays and Sundays for Church worship and outreach adivilies as we continue to develop our life and work. We are registered as an Eco Church and continue in our commitment lo providing recycling facilities in the buildings and we also have solar panels which generate some of the electricity we use and export some lo the national grid. We are also a Fair Trade Church. Finance and Pro ert 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 Safely company lo assist with this. We also have a contract with a company to provide HR support. The Bradbury Hall, Coffee Bar and Meeting rooms and the Church House offer great facilities in the ntre of our community. The buildings are equipped lo a high stsndard. They are maintained in a good state of repair and cleanliness and we offer a high level of service to all who come lo use the buildings. In 2023 we continued to restrict maintenance work to essential tasks only as our income continued lo be seriously impacted post pandemic. Public Benefit The Trustees have complied with their legal duly to have due regard lo public benefit guidance published by the Charity Commission. Flnanclal Revlew The Trinity-Henleaze URC Reserves Policy is described below, taking into account the security of our two main income streams.. regular giving and lettings. 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 two buildings. This has been a reliable stream and therefore is accounted for in our calculations. However, post Pandemic our finances continue to be impacted by reduced lettings. Income from Legacies and Grants During the year 2023, the Church reiVed legacies lotalling £3,300 from the estates of former members and friends. We received grants lotalling £13,000 from the South Westem Synod of the Uniled Reformed Church IURCI. Expenditure on Buildings and Repai In 2023, £46,565 was spent on buildings Maintenan and repairs. This included £15,887 on new central heating boilers for the ChUh, and over £17,000 on essential renovation and repairs in the Manse. Caprfal Expendilure on Fixtures, Fittings & Equipment Equipment for the new Audio Visual System of £27,112 was capilalised.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 ReseNes Our total annual expenditure amounted to £195,577. Al the year-end date, free reserves amounted to £112,208, represented by net current assets of £118,023, less reslricled and designated funds of £5,815. This is in excess of the reserves policy. The Trustees acknowledge that excess funds are being held by the charity. The Trustees are mindful that this excess will need lo be available lo compensate for the reduction in income from lettings posl-pandemic and the need for continued vigilance with gardS lo maintenance of the buildings. The Trustees together with the congregation are actively exploring future possibilities and prospects for the Church's life and work. These too will have funding implications. The Trustees continue to consider that an appropriate and prudent policy should be thal reseNes, as represented by net current assets, be maintained at £70,000. Structure. Govgrnance and Managemont Governin Document The governing document of the Church is Trusts distilled from the United Refomi Church Acts of Parliament 11972 and 1982) and the Scheme of Union119721. ointment of Trustees The Trustees currently Consist of the Minister, 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. Al 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. However. 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 signrficant changes lo Church buildings are taken in consultation with the Property Trustees, who are the South Western Synod Trust Ilnc} of the United Reformed Church.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2023 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 ACpted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial slalements for each financial year which give a true and fair view of the stale of affairs of the charity and of the income and expendfcure of the charity for that period. In preparing these financial statements. the Trustees are required select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities Statement of Recommended practi ISORPI., 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 il 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 lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the trust deedlconslilution. They are also responsible for safeguarding the assets of the charity and hen 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 21 July 2024
TRINITY-HENLEAZE UNITED REFORMED CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 Independent Examiner's Report to the Trustees of Trinity-Henleaze United Refomied Church I report to the Trustees on my examination of the accounts of the Trinily-Henleaze United Reformed Church for the year ended 31 December 2023. Responsibilities and basis of report As the charity Trustees of the Charity you are reswnsible for the preparation of the attounls in accordance with the requirements of the Charities Act 2011 I'lhe Act'l. 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 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the appIlble requirements concerning the fomi and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view which is not a maller considered as part of an independent examination. I have no concems and have come across no other mallers in connection with the examination to which allenlion 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 Farfeigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR 21 July 2024
TRINITY-HENLEAZE UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Totsl Funds Totsl Funds Funds Funds 2023 2022 Reslaled Notè Income from- Donations, legacies and grants Other trading 8clivilies Investment income- interest & dividends Other income - Insuran claim 54,147 56,331 1,932 25,835 79,982 56,331 1,932 55.416 49,652 1.911 104,329 211,308 15 Total income 112,410 25,835 138,245 Expenditure on: Charitable activitl8S Ministry Totsl expenditure 177,939 177,939 17,638 17,638 195,577 195,577 213,205 213,205 GainsllLosse$l on investments 11 6,023 6,023 {8,6991 Net income I lexpenditurel beforo transfers 159,5061 8,197 151,3091 110,5961 Transfers between fvnds 6,333 16,3331 Net movement in funds 153,1731 1,864 151,3091 110,5961 Reconciliation of funds- Total funds at 1 January 2023 las previously stated) 16 219,701 2,951 222,652 225,101 Prior year adjustment 16 18,1471 18,1471 Total funds at 1 January 2023 211,554 2,951 214,505 225,101 Total funds at 31 December 2023 13 158,381 4,815 163,196 214,505 The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing Comparative fund movements are shown in note 8. Tho note$ on pagès 10 10 20 form part of these financial $tatement$
TRINITY-HENLEAZE UNITED REFORMED CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Reslaled 31,311 Fixèd assèts 45,173 45,173 31,311 Current assets Debtors Investments Cash at bank and in hand 10 726 93,701 27,419 121,846 4,080 62,672 119,691 186,443 Creditors - Amounts falling due withln onè year Net Current Assets 12 3,823 118,023 3,249 183,194 Nèt assets 163,196 214,505 Funds Unrestricted funds General funds Designated funds Restricted funds 14 14 14 157,381 1,000 4,815 210.$54 1,000 2.951 163,196 214,505 Thgse financial slalemenls were approved by Ihg Trustees on by.. 21 July 2024 and are signgd on ils behalf Neil Thorogood Chairman of Trustees Isobel Hodgkinson Treasurer The notes on pages 10 to 20 form part of these financial statements
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Accounting policies The financial statements have been prepared in accordance with the historical cost convention lexcept as stated in the accounting policy note relating to investments} and in accordance with the Statement of Recorllmended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Charities Act 2011. The accounts (financial statements) have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required to provide a 'lrue and fair view,. This departure has involved following Accounting and Reporting by Charities.. Statement of R&¢ommended Pracli¢e applicable to charities preparing their a¢¢ounts in ac¢ordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019. Taking account of the Church's financial position, the Trustees consider that the accounts should continue to be prepared on a going ¢on¢ern 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 Truslges. These include funds designated for a particular purpose by the Trustees. Restricted funds are those derived from gifts and grants which are restricted to a particular purpose. In¢om¢ All income is recognised once the Church h8s entitlement to the income, there is sufficient certainty of receipt and il 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 TrLJSteès. Gift aid is accrued on donations when there is a valid declaration from the donor, and accounted for in the year lo 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 temis of the appeal have sl¥led otherwise. Grants Grants lo the Church artr included in the Slalemtrnt of Financial Activities whtrn the Church b&¢omes entitled to the income, this being when il is probable that the income will be reived, and the amount can be méasured reliably. Legacy Income Legacy income is recognised when receipt is probable, that is, when there has been grant of probate, the executors have estsblished there are sufficient net assets lo 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 2023 Accounting policies (continued) Donated goods, fa¢llltles and $grvl¢es Donated goods, facilities and seNices are recognised as income with an equivalent amoLJnt recognised as an expense, except for the contribution of volunteers which il is considered impractical lo reliably measure for accounting purposes. The donated goods, facilities and services are recognised on the basis of the value of the gift lo the Church which is the amount that the Church would have been willing to pay to obtsin 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 lo cover the cost of church even15 is accounted for gross, rather than being netted off again51 rel8ted 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 al the year end and their carrying value. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carwng valuè or thèir purchas8 value if acquirèd subsequent to thè first day of thè financial yèar. 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 expenditLJre, 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 ¢osts arè dirèctly attributable to the spe¢ifi¢ charitablè activitiès. Thè support costs havè been apportioned lo the activities of the Charity on the basis of usage of resources, this is thought lo represent a reasonable representation of the level of support required for each activity. Govemance Governance costs represent the expenditure related to ststulory requirements such as audit or independent examination and legal advice. They have been included within support costs relating to charitsble activities. Flxgd A$$ot$ Land and Buildings The Church does not own the buildings including the M8nse, 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 Balan Sheet. When building and maintenance work is Carried out on these properties by the Church. this is expended out of funds through the Statement of Financial Activities as incurred. Other fixtures, fittings and office equipment Fixtures, fittings and equipment including IT costing over £1,000 are capitalised and initially valued at cost. Depreciation is provided on tangible assets at rates ¢alculated to write off the ¢ost, less estimated residual value of each asset, over its expected useful life as follows.. Fixtures & Fittings Straight line over 5 years at 20°/o Equipment Straight line over 5 years al 200/0
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) Trade debtors Amounts owing to the Charity al 31 December in respect of fees, rents or other income are measured on initial r8cognition al sattlamant amount after any tradè discounts or amount advancèd by the Charity. Subsequently, they are measured at the level of cash or other consideration expected lo be received. Investments Investments are held for the continuing benefit of the charity. Fixed interest investments are measured al 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 dale of acquisition or opening of the deposit or similar account. Creditors andpmvi5ions Creditors and provisions are recognised when the Charity has a present obligation arising from a pasl event that will probably result in the transfer of funds to a third p8rty and the amount due lo settle the obligation can be measured or estimated reliably. Liabilities are measured on re¢ognilion at their histori¢al ¢ost and then subsequgnlly at tho best eslimatg of the amount required to sellle the obligation al the reporting dale. Income from: Donatlons, lagaclas and grants Unrestricted Restri¢ted Total Funds Funds Funds 2023 Donations Grants received Legacies Income lax recovered (gift aid} 42,226 12,835 13,000 55,061 13,000 3.300 8,621 3,300 8,621 54,147 25,835 79,982 Prior year Comparatives Unrestricted Restricted Total Funds Funds Funds 2022 Restst¢d Donations 33,010 1,950 4,000 8,134 8,322 41,332 1.950 4,000 8.134 Grants received Legacies Income tax recovered Igrft aidl 47,094 8,322 55,416 12
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Income from: Other trading activities Unrestricted Restricted Total Funds Total Funds Funds Funds 2023 2022 Réstated 49.229 423 Church lettings Church events Miscellaneous 54,943 917 471 54,943 917 471 56,331 56,331 49,652 All other trading activities in 2022 were unrestricted. Exp*ndlture on: Charltsblo a¢tlvltles Unrestricted Restricted Totsl Funds Totsl Funds Funds Funds 2023 2022 Grants and donations made Charitable donations Ministerial Gosts.. URC Ministry and Mission fund Ministry expenses Mansè ratés and mpairs Direct costs of church activities.. Joint pastorale Costs Church events Insurance Worship Pulpit supply Support costs Water and Rates Building maintenance Depreciation Cleaning Heal and light Licensas Pholocopierlcompuler Printing, postage & stslionery Telephones Admin and office costs Other running costs & expenses Professional fees Independent examinerfs fee 14,341 14,341 9,284 49.496 328 18,098 49,496 328 18,098 93,511 250 275 2,800 2,800 3,537 106 7,962 3,552 652 8,925 3,391 618 8,925 3,391 618 865 25,467 13,250 5.787 11,281 691 1,485 1,238 879 23,777 3,774 3,635 2,154 865 28,467 13,250 5,787 11,281 691 1,485 1,238 879 23,777 4,071 3,635 2,154 2.200 28,$41 7,828 6,879 10.666 662 2.473 998 3,000 20,778 3,516 6,761 2,010 297 177,939 17,638 195,577 213,205 Charitable donations are donations m8d& lo other ch8ri18ble organis81ions which further the objects of the charity. All charitable activities expenditure in 2022 was unrestricted except for £9,284 restricted expenditure for charitable donationslgranl funded a¢livilies and £20 for pulpit supply costs. 13
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Net income I lexpenditurel for the year This is slated after charging.. 2023 2022 Independent Examiner's remuneration- for examination servi5 accounts preparation 960 1,194 895 1.115 Expenses paid to Trustees during the year were £nil12022.. £nill. No other remuneration or benefits were paid to Trustees in either the current or preceding year. Staff numbers, costs and related party transactions Total Funds Totsl Funds 2023 2022 Salaries Employevs Pension Contributions 13,729 15,107 13,748 15,107 No employe& received emoluments of more than £60,000 during the year12022'. nonel. During 2023, the average weekly number of staff employed was 312022.. 31, calculated on the basis of average he8d¢ounl. The total amount of salaries and benefits received by Trustees and key management personnel was £11,738 12022.. 13,4641. Aggregate donations received from Iruslees, key management personnel and other related parties during the year was £4,05512022'. £5,3f)7}. Taxatlon The charity is exempt from corporation tax on its charitable activities. 14
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Statement of Financial Activities comparative figures Reststed Unrestricted Restricted Total Fund5 Funds Funds 2022 Incomè from: Donations and legacies Other trading activities Inveslrllenl income interest & dividends Other income- Insurance claim 47,094 49,652 1,911 104,329 8,322 55,416 49,652 1,911 1 Q4,329 Totsl income 202,986 8,322 211,308 Expenditure on- Charitable activities hAinistry Total expenditure 203,901 9,304 213,205 203,901 9,304 213,205 Gain$llLossesl on investments 18,6991 18,6991 Net incomellexpenditurel before transfers 19,6141 19821 110,5961 Transfers between funds 19291 929 Nat movement In funds {10,5431 1531 110,5961 Re¢on¢lllatlon of funds: Total funds at 1 January 2022 222,097 3,004 225,101 Total funds at 31 December 2022 211,554 2,951 214,505 Tangible fixed assets Fixture5 & Fittings Equlpmant Total Cost At 1 January 2023 Additions Disposals 37,614 17,262 27,112 12,0001 54,876 27,112 115,738) 113,7381 At 31 December 2023 23,876 42,374 66,250 DepCiatiOrt At 1 January 2023 Charge for the ye¥T Eliminated on Disposal 18,513 4,775 113,7381 5,052 8,475 12,QOOI 23,565 13,250 115,7381 At 31 December 2023 9,550 11,527 21.077 Nat book valuè At 31 December 2023 14,326 30,847 45,173 At 31 December 2022 19,101 12,210 31,311 15
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 10 Debtors 2023 2022 Restated 4,080 Trade debtors 726 726 4,080 11 Inv8Stments 2023 2022 Portfolio-held investments Charities Ethical Investment Fund Fixed interest Charity Bank Churches Mutual Credit Union Virgin Money 67,339 61,316 25,000 300 1,062 300 1,056 93,701 62,672 The Charities Ethical Fund invests mainly in equities but also in property. bonds and other asset classes. 2023 2022 Portfolio-held investments Market Value al 1 January GainsllLossesl in investments 61,316 6,023 70.015 {8,6991 Market Value at 31 De¢ember 67,339 61,316 12 Creditors.. amounts falling due within one year 2023 2022 Accrued expenditure Other Creditors 2,154 1,669 2.010 1,239 3,823 3,249 16
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 13 Movement in funds At 1 January 2023 At Transfer$ 31 December Expènditurè and gains 2023 Incom Restricted funds Borderlands Breadline Africa Bristol NW Foodbank Carerfs Group Christian Aid Church Action on Poverty Commitment For Life Community of the sisters Contact Centre Disasters and Emergency Committei Flower Fund Macmillan Nurses Others Fund Reminiscence Group Samaritans Singing For The Brain Sl Mungo St Peter's Hospi The Big Give Blythswood Welfare Fund Synod - AV System Synod - Garden 55 55 1551 1551 16601 353 307 525 525 1,509 11,8861 377 108 342 402 643 502 14281 14781 11,8771 11,3831 22 76 798 881 436 37 37 557 81 16741 117 85 36 108 65 36 11351 11,6461 12,0951 11031 11,1751 18871 11,0001 27 4,271 1,835 102 506 732 1,000 10,000 3,000 2.625 260 669 155 1,505 1,505 110,0001 13,0001 2,951 25,835 {17,6381 16,3331 4,815 Unrostrlct8d funds General funds Henleaze @ Heart fund 210,554 1,000 112,410 1177,9391 12,356 157.381 1,000 211,554 112.410 1177.9391 12,356 158,381 Total funds 214,505 138,245 195,577 6,023 163,196 Transfers from general funds have been made to eliminate overspends in the restricted funds. 17
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 13 Movement in funds Icontinuedl At 1 January 2022 At Transfers 31 December Expenditure and gains 2022 Prior year comparatives- restated Income Rastrlcted funds BDAA Borderlands Bre8dline Africa Bristol NW Foodbank Carerfs Group Christian Aid Church Action on Poverty Commitment For Life Community of the sisters Contact Centre Disasters and Emergency Commillei Enough Flower Fund InHope Macmillan Nurses hAary's Meals Others Fund Reminiscence Group Samaritans Singing For The Brain Sl Peter's Hospice Welfare Fund 123 83 55 12521 46 55 55 55 955 19551 525 65 525 1,532 315 263 512 1,731 1,442 11,7311 13771 12531 15281 11,0681 11,7531 12801 1201 12941 16171 1871 63 98 108 12271 436 311 280 1631 120 235 512 37 59 105 32 55 85 36 85 36 108 108 190 239 30 497 18501 12391 163 1,475 1.505 3,004 8,322 19,3041 929 2,951 Unrèstrlcted funds General fijnds Henleaze @ Heart fund 221,097 1,000 202,986 1203,9011 19,6281 210,554 1.000 222,097 202,986 1203,9011 19,6281 211,554 Total funds 225,101 211,308 213,2051 18,6991 214,505 Restrl¢ted fijnd des¢rlptlons BDAA- aims to enable Bristol to be¢ome The Dementia Friendly City ol the Ule. Borderlands- funds received for a Bristol-based charity supporting refugees and asylum seekers from exclusion to belonging. Breadline Africa - Povtrrty rolief in South Afri¢a. Bristol NW Foodbank- funds received for the charity which helps people in crisis with emergency food parcels. 18
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 13 Movement In fund$ (contlnued) Restricted fund descriptions Icontinuedl 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 81 home. Christian Aid Christian Aid is the official relief and development agency of 41 British and Irish Churches. Church Action on Poverty- A ecumenical charity tackling poverty in the UK. Commitment for Life- Worfd development program of the URC. Community of the Sisters- Supports those in need because of homelessness, poverty, addiction or illness Conta¢t Cèntre - A place for Children to m&el with parents after latIonShIp breakdown. Disasters and Emergency Committee- funds raised to be sent lo this charity which coordinates and launches collective appeals to raise funds to provide emergency aid and rapid relief to people caught up in disasters and humanitsrian crises around the world. Enough - Helping Hartcliffe community flourish. Flower Fund- Trinity-Henleaze United Reformed Church fund lo provide flowers in church. InHope- funds raised for this Bristol-based charity which helps people overcome the insecurities of homelessness, hunger, addiction and poor mental health. Macmillan Nurses- funds raised lo support the charity which provides specialist cancer nurses who support patienis living with Canr. Mary's Me81s- Providing children with a me81 during the school day. Others fund - Represents funds received from local charities to cover the church's administration expenses. ReminiSnce Group- A meeting group lo support older members of the chh and the local communty. Samaritsns- funds raised for the charity which provides erllolional support to those in distress. Singing for the Brain Singing group for people with dementia. St Pelees Hospice funds raised to support this local charity that provides care and support lo adults living with life-limiling illness. St Mungo- A ¢harily helping the homeless. The Big Give- a fvndraising platform which doubles the money raised. Blyihswood A Christian charity, with a mission to transform the lives through the impact of education, community action and gospel activities. Welfare fund - Discretionary church fund. Synod AV System - Grant provided by the URC South West Synod to add or improve a ¢hur¢h's AV and streaming systems. The AV System has been capilalised, therefore a transfer lo general funds has tsken place to reflecl the discharge of the reslriction atlached to the original gifl. Synod Garden - Grant provided by the URC South Wesl Synod for e¢o-relaled projects. Designated fund descriptions Henleaze @ Heart- These funds have been set aside by the Trustees for emergency community projects. 19
TRINITY-HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 14 Analysis of net assets between funds Fixed a55ets Other net a55ets Total Unrestricted funds General funds Designated funds Restricted funds 45,173 112,208 1,000 4,815 157,381 1,000 4,815 45,173 118,023 163,196 Prlor yoar comparallw- r&staled Fixed assets Other net assèts Total Unrestricted funds General ftjnds Designated funds Restricted funds 31,311 179,243 1,000 2,951 210,554 1,000 2.951 31,311 183,194 214,505 15 Other income Trinily-Henle8ze URC holds loss of income insurance and made a claim on this in the prior year lo 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 Insuran claim had been agreed and the amount of compensation settled. 16 Prior year adjustment In previous years income from lettings were overstated. A prior year adjustment has been made for amounts relating to previous years which were not recoverable. The changes are as follows.. 2022 2022 previously stated Reststed amount Adjustment Debtors Unrestricted funds carried forward 12,227 219,701 18,1471 8,147 4.080 211,554 20