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2020-12-31-accounts

Charity Number 1130504

Avenue Saint Andrew’s Southampton United Reformed Church Charity

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Report and Financial Statements Year Ending 31 December 2020

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Contents

Legal and Administrative information Page 2
Structure, Governance and Management Page 3-4
Objectives and Activities Page 4-5
Financial Review Page 6-7
Plans for Future Periods Page 8
Report ofthe Independent Examiner Page 9
Statement of Financial Activities Page 10
Balance Sheet Page 11
NotestotheFinancialStatements Pages12-20

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31°‘ December 2020

Legal and administrative information

Avenue St. Andrew's Southampton United Reformed Church Charity is a member of the national United Reformed Church and is a Registered Charity (Number 1130504). It is also a member of the South West Hants Group of the United Reformed Church (SWHG) that inciudes:-

Addresses

Avenue St. Andrew's URC, The Avenue, Southampton, S017 1XQ The United Reformed Church, 86 Tavistock Place, London, WC1H 9RT

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||||||||| |---|---|---|---|---|---|---|---| |Trustees|for the|year ended|31/12/2020|being:-| |D|Baker,|S|Dawson,|J|McGavin,|M|Howard,| |R|Howard,|S|Wallingford| |)| |Appointed|1/1/2020:-| |D|Baker,|M|Howard| |There were|no|appointments/retirements|1/1/21|due|to| |the|Covid|19|pandemic.| |SWHG|Ministers|Rev'd|Dr|S|Hall| |Rev'd|M|Robinson| |Community Worker|Ms|R.|Gange| |Secretary|Miss|S.|Dawson| |Treasurer|Mrs|B|D’Souza| |independent|Examiners|Fiander Tovell|Limited,|Chartered|Accountants,| |Stag|Gates|House,|63/64|The Avenue,|Southampton,| |SO17|1XS| |Bankers|CAF|Bank,|West Mailing,|Kent| |TSB,|High|Street,|Southampton.| |Scottish|Widows|Bank|pic,|Morrison|Street,|Edinburgh| |HSBC,|55 Above|Bar,|Southampton|(for AMC)|

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31*t December 2020

The Trustees, who are the Elders of Avenue St Andrew’s Southampton United Reformed Church Charity, present their report and financial statements for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011, 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 published in October 2019 and guidance given by the national URC.

Structure, Governance and Management

The charity is called “Avenue St. Andrew’s Southampton United Reformed Church Charity” and comprises all assets and funds held by and on behalf of the “Avenue St. Andrew’s Southampton United Reformed Church’ other than properties held under the trusts declared in Schedule 2 of the United Reformed Church Act 1972 (as amended by the United Reformed Church Acts 1981 and 2000) and those held on other specifically declared trusts.

The charity is governed under Trusts distilled from the United Reformed Church Acts (1972, 1981 and 2000) and Scheme of Union (1972).

Those members of the Elders’ Meeting of Avenue St Andrew’s Church who are qualified to serve as charity trustees are collectively the Charity Trustees and are appointed and shall act in accordance with the procedures for the time being laid down by the Church Meeting of Avenue St. Andrew’s Church which shall be in conformity with the Scheme of Union of the United Reformed Church.

The Elders of the Church are nominated by four Church Members and their names are taken to the Church Meeting to be considered. If appointed they have an induction meeting with the Minister and are strongly encouraged to attend an annual training day. Elders are appointed to serve a three year term. The Elders meet regularly (at least 10 times per annum) under the chairmanship of the Minister in order to fulfil their obligations as Trustees of the Charity.

The Elders are assisted in the governance of the Charity by a Management Committee of Elders and Members of Avenue St. Andrews. The prime objective of the Management Committee is:-

To assist the Elders in the responsible management of the Church’s resources and to promote the principle of sound governance in all activities.

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31°* December 2020

The Management Committee consists of a minimum of six members of Avenue St Andrew’s Church and will include the Minister, the Chair, the Church Treasurer, the Church Secretary, the Halls Manager and at least two Elders. The Chair of the Management Committee is elected by the membership of the Church at the Church’s Annual General Meeting.

Objectives and Activities

The charity considers it fulfils the requirements of charitable purpose and public benefit as set out in the Charities Act 2011. In reviewing its aims and objectives and in planning activities the charity has considered the Charity Commission guidance on public benefit.

Aims and Objectives

The aim of the charity is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church. The mission statement adopted by Avenue St. Andrew’s is:

“Believing worship to be central to our lives we see our mission as continuing to grow, both as individuals and as a fellowship, so as to further our Christian service and witness within the community and the world.”

The charity has set the following objectives:-

Activities and Achievements

The church continues to meet its objectives through a range of church based activities. However, during 2020 most were curtailed in person due to the Covid 19 pandemic. Activities including Sunday worship continued remotely where possible.

Regular Worship

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31% December 2020

Community Links

Avenue St. Andrew's is dedicated to providing good links with the community. As part of its outreach work the church supports a number of projects, including:-

Again all activities with the exception of the Avenue Centre had to stop during the pandemic.

We are continuing to employ a part time Community Worker to work broadening links between the church and the community.

The Church also interfaces with the community through funerals and services of marriage and baptism and in doing so seeks to provide support, guidance and comfort to members of the wider community. Recently links have been established with the local community Residents’ Association.

The Church has established a link with a German Protestant Church in Winnweiler, South West Germany, and a group from Winnweiler visited Avenue St. Andrew's in November 2018. A visit to Winnweiler planned for 2020 could not take place.

Grant Making Policy

The Benevolent Fund is for small grants and donations at the discretion of the Minister of Avenue St. Andrew’s.

In addition, charities to receive donations from the Communion Fund are agreed annually by the Church and Society Committee.

Membership

At the end of 2020 there were 62 members (2019 - 62 members).

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31%t December 2020

Financial Review

Financial Activities and Results

There was a surplus for the year on Hails funds of £5,165 and a deficit on the remaining General Funds before investment losses of £21,876 (excluding transfers to/from other funds), giving a combined deficit on General Funds before investment losses of £16,711, compared to a budgeted deficit of £15,822. £10,000 was transferred from Halls Funds to General Funds. £3,050 was transferred from Legacies to the General Fund to cover Community worker expenses. £1,500 was transferred from the Ministers Fund to the General Fund to part fund the core costs of the community worker. There were net outgoings from the Solar fund of £3,629 and net incomings from the New AV fund of £7,401. £50 was transferred from the General to Avenue 2020 Fund. £2,372 was transferred from the General Fund to SWHG Fund and £438 from Legacies to Avenue Multicultural Centre Fund as a grant to support their activities.

Unrealised losses on investment assets totalled £4,086. Unrestricted Church Funds carried forward at the end of 2020 were £177,143 and the total including the Halls Fund is £182,760.

For the coming year, the Trustees approved the utilisation of reserves (legacies fund) to fund the following major projects:-

£1,500 for charitable/community causes.(AMC) £25,360 (over 5 years) to part fund Community Worker. £44 000 for future roof repairs.(Phase 2) This has now been paused.

Major repairs to the church west end and tower have been completed. The cost of phase 1 has largely been met by grants from Heritage lottery, All churches Fund, Congregational and General Charitable Trust, and the Wessex Synod of the United Reformed Church; together with pledges and fundraising by members and friends, and transferring funds from legacies.

The effect of the Covid 19 pandemic greatly reduced our halls lettings in 2020 but this was mostly offset by reduced building running costs and the government Job Retention Scheme that paid some of our staff costs. In 2021 we expect the impact to be greater as we will not regain our halls lettings for some time, and the benefit of the Job Retention Scheme will finish. We are budgeting for a £30,000 loss on general expenses.

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31° December 2020

Policies

Reserves Policy ofin consi expen d eringiture thefor the levelmajo of r esr e furbishmentrves the Trusteesof buildings, take intospecial accountprojects the programmeand the objective of retaining general reserves at a level equivalent to six months of annual running costs. The balance of general reserves (£26,015 excluding investment Revaluation Fund) equates to 3 months of running costs. We aiso have £50,000 uncommitted funds in Legacies. The second phase of refurbishment to the building may exceed the funds available in legacies. Until the Trustees have firm estimates of the total refurbishment expenditure and commitments from funding sources this phase of work is on hold.

Investments Policy

Other than a small holding in the Equities Investment Fund for Charities (Charifund) currently valued at £19,463 all other monies are held in Charity Aid Foundation, High Street bank accounts and Scottish Widows savings accounts.

Any monies surplus to current account requirements are held in interest bearing accounts.

Review of Major Risks

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The Church Management Committee monitors the major risks to the Church throughout the year. The most significant risk relates to the security, safety and maintenance of buildings. There are no adverse factors in the community surrounding the Church that should adversely affect membership. However the Covid 19 pandemic has had major implications on building usage and rental income.

| in order to ensure the safety and welfare of vulnerable individuals using the | Church premises, the Trustees have developed and implemented a Safe-guarding Policy.

Recognising the high level of usage of the Church premises by a wide range of the community, the Trustees have developed and implemented a Health and Safety Policy.

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Insurance covers the risks associated with public liability, employee liability, trustee indemnity and the property risks of theft, fire, vandalism etc. The Trustees consider that the current level of insurance is set at the appropriate level.

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Avenue St. Andrew’s Southampton United Reformed Church Charity Trustees’ Report for the year ended 31°* December 2020

Plans for Future Periods

Avenue St Andrew’s has made plans for future periods including:-

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For and on behalf of the Elders:- rssesnine. Desssoon
CsUSAR Ee Deacon)
Date:- \4- Rosy, 2O2\
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A pon VcGost
(“JoAN McGAVIN )
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Avenue St. Andrew’s Southampton United Reformed Church Charity Independent Examiner’s Report To the Trustees of Avenue St Andrew’s Southampton United Reformed Church Charity

| report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2020 which are set oul on pages 10 to 20.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

independent examiner's statement

| have completed my examination. | confirm that no material matters have come to my atiention 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 financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements conceming 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.

| 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 financial statements to be reached.

Fiander Tovell Limited Stag Gates House 63/64 The Avenue Southampton $017 1X$ Dated 40 lay ta ;

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ANENUE ST ANDREW'S SOLUITHAMPTON UNITED REFORMED CHURCH CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 71 DECEMBER 2020

Unrestricied Funda Unrestricied Funda Restricted TOTAL Unrestricted Funds Restricted TOTAL
General Designated Funds 2020 General
Designated		 Funds 2019
Note £ £ £ £ £ £ € £
Income
Donationsand legacies
2 Giving 39,361 ” 29,421 68,782 42,656 $665 57,863 410,184
3
4		 Legacies
Grantsreceivable		 -
16,164		 -
”		 -
$0,803		 -
65,567		 -
6,000		 500
~		 -
59,770		 600
65,770
Othertrading activities
& Fund raising 587 ~ 4851 2438 1,045 ~ 22,801 25,648
investment income
6 interest& dividends 1,045 “ 1,226 2,271 1,588 ~ 1226 2,814
Charitable activities
Hall lettings
Café receipts
Lunch Clubreceipts
SWHGreceipts
Other		 9,655
889
-
-
156		 ”
~
-
“
~		 ”
~
-
2,628
278		 9,048
$89
.
2,628
434		 20,156
4577
471
-
2,490		 -
~
.
~
-		 ~
-
-
6,324
OTT		 20,166
4877
474
6,324
3 A487
Otherincome - 3,800 ” 3,600 “ “ ” “
Totalincome 66,857 3,500 86 207 156 564 78,983 10,165 148,761 237,809
Expenditure
Expenditure on charitable activities
5 URC Ministry&Mission Fund
Church RelatedCommunityWorker		 34549
*		 -
”		 4083
”		 38,402
*		 36,044
728		 ~
»		 5,754
”		 43,706
728
CommunityWorker 11,050 ~ - 14,060 10,290 ” - 10,200
Herllage Manager
Manseexpenses		 -
-		 ~
~		 23,660
3,434		 23,680
3,434		 -
~		 ”
”		 6640
§,393		 2,840
6,393
10 Officeexpenses
Costofchurch activities		 674
38,752		 -
4,019		 ~
84,073		 e774
126,844		 682
44,159		 “
2,657		 ”
169,728		 892
216,544
Organ expenses 220 - - 220 2,317 - - 2,017
11 Donationsto charitiesatc 3o7 ~ oi 41,408 774 ~ 2582 3,366
Calé expenses S02 ~ - 302 1,480 - - 1480
Lunch Club expenses - ” ” - 15 “ “ 736
Avenue Multicultural Centreexpenses (2,176) * 288) 805 (8,010) - 10,702 41,692
Total expenditure 83,566 4019 118,812 206,399 89,603 2657 202,799 295 068
Net (expenditure /incomebefore Investment
gaine/(losses) Gary Gig) (32,606) 49,035) (10,820) 7506 (54,038) (87,180)
Gainsifiosses)oninvestment assets (4,086) ~ * 4,098) 3,356 ” - 3,566
Net(expenditure)/income fortheyear (20,797) Gig) (32,605) (83,921) CF284) 7,508 (54,038) Gh794)
Transfersbetweenfunds 2,128 603 GS) ~ (1,586) (84185) 85,771 ~
Netmovement infunds (18,669) 284 (35,536) (53,921) (6,850) 76,677) 31,733 G3,794
Reconciliation offunds:
Total fundsb/had 1 January 2020 83,753 1AT 392 62,208 263,363 62,603 224,089 3047S 347 447
Totalfundscifwd31December2020 35,084 147,676 26,672 209,432 53,783 147,392 62,208 263,553

The notes on pages 12 to 20 form pari ofthese financial stalements

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AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

BALANCE SHEET

&S AT M1 DECEMBER 2020

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2020 2019
Note £ £ £ £
Fined assets
Tangible assets 12 18,031 15,478
Investments 43 19,463 23, S48
37,494 39,026
Current assets
Debtors 15 34,522 62,715
Cash at bank and in hand 148,577 261,195
183,089 323,910
Creditors: amounts falling due within
one year 16 (11,167) (99,583)
Net current assets 174,938 224,327
Total assets less current liabilities 209,432 263,353
_sears atime
Represented by:-
Unrestricted income funds:
General unrestricted funds 17 35,084 53,753
Designated funds 18 147 B76 147,392
182,760 201,145
Restricted Income funds 19 26,672 62,208
Total funds 209,432 263,353
SEAS SSeS
Approvedpproved by:-by. AUDI,» easyDOD (so Sasmne BayN9D son)SOE
For and on behalf of the Elders
pate VE Mon Z2AO2wy\
(Joan Mc Gavin)
(Ope [MVeGawr] %
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AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |4|Charity information| |Avenue|St Andrew's|Southampton|United|Reformed|Church|Charity|is an|unincorporated|charity| |(charity|registration|number|1130504).|Its|principal|address|is Avenue|St Andrew's|URC,|The Avenue,| |Southampton,|SO17|140.| |ACCOUNTING|POLICIES| |18|Basis of accounting| |The financial|statements have|been|prepared|in accordance|with 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| |issued|in|October|2019,|the|Financiai|Reporting|Standard|applicable|in|the|United|Kingdom|and| |Republic|of ireland|(FRS|102),|the|Charities Act 2011,|UK|Generally Accepted Accounting|Practice,| |applicable|charity law and|the|United|Reformed|Church guidance.|The church|is a|Public|Benefit| |Entity as|defined|by FRS|102.| |The|charity has taken advantage|of the|provisions|in the SORP for|charities applying|FRS|102| |Update|Bulletin|1|not|to|prepare|a|Statement of Cash|Flows.| |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|the|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|issued|in|October| |2019|rather|than the Accounting|and|Reporting|by|Charities:|Statement of Recommended|Practice| |affective|from|1|Apri)|2005 which|has since|been withdrawn.| |The|financial|statements are prepared|in|sterling,|which|is the|functional|currency of the|church.| |Monetary amounts|in these|financial|statements are|rounded|to the|nearest|£.| |The financial|staternents|are|prepared|on a going concem basis under the|historical|cost|convention,| |modified|to|include|certain|tems|at|fair|value.| |The|significant|accounting|policies|applied|in the|preparation|of these|financial|statements are|set out| |below.|These|policies have|been|consistently applied|to|all|years presented|unless otherwise|slated.| |vis)|Fund|Accounting| |Unrestricted|funds are|available|for|ume|at the|discretion|of the|church|in furtherance|of|ite|charitable| |objectives.| |Restricted|funds|are|subjected|to|restrictions|on their expenditure|imposed|by the|donor,|or contained| |in|the terms of a|grant.|The|restricted|funds|shown|in these|financial|statements|are funds|that|have| |been|set|up|for purpases|either|specified|by the donor or by the terms of a|public|appeal,|and|cannot| |be|used|for other|purposes.| |The designated|funds shown|in these|financial|statements|are funds that have|been|set aside|by the| |trustees for specific|purposes.| |Transfers|are made|between funds when adequate justification and|supporting|evidence|is|provided.| |te|Tangible|fixed assets| |Freehoid|property.|The|Trustees of the|church|and manse|buildings|are the|URC Wessex|Synod| |Trust who|hold|them|upon|trust for purposes connected|with Avenue|St Andrews|URC.| |Expenditure|incurred|on|the church|and|manse|is written|off in|the|year|it|is|incurred.| |Equipment:|Tangible|fixed|assets costing|more than £1,000 are|capitalised.| |Depreciation|is|provided|on fixed|assets|at|the|following|rates:| |Organ and|pianos|- 28%|reducing|balance| |Office and|other equipment|~ 20%|straight|line| |1d|Fixed|assets|Investments| |Fixed|asset|investments are|initially|measured|at|transaction|price|excluding|transaction|costs,|and| |are|subsequently measured|at|fair|value|at each|reporting|date.|Transaction|costs are expensed|as| |incurred.| |Ail gains and|tosses|are taken to the|Statement|of|Financial|Activities as they arise.|Realised|gains| |and|losses on investments|are|calculated|as the|difference|bebween sales proceeds|and|opening| |market|value|(purchase|date|iflater).|Unrealised|gains and|losses are|calculated|as the|difference| |between|the|market|value|at the|year-end|and|opening|market|value|(or purchase|date|if later).|

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te Impairment of fixed assets

At each reporting end date, the church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. if any such indication exists, ihe recoverable amount of the aasel is estimated in order to determine the extent of impairment or loss (if any).

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AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTESTOTHE FINANCIALSTATEMENTS -continued NOTESTOTHE FINANCIALSTATEMENTS -continued
FORTHEYEAR YEAR ENDED 31 DECEMBER2020
tf income
All voluntarygiving is included inthefinancial statementsforthe period inwhich it is received.
Donations under GiftAid plustheassociated taxrecoveryare recognised as income whenthe
donation is received.
Legaciesard grartsofa gereral nature, includinggovernment grants, are accounted forwhen there is
entitlement, receipt is probable and the amount canbe meaaured reliably.
Income received in advance is deferred until the period towhich it relates.
All otherincome is generallyrecognised when it is receivable.
ig Expenditure
The URC Ministry&Mission Fund contribution is paid regularlyand is included inthe financial statements
forthe yeartowhich it relates.
Resourcesexpended are recognised in the period inwhichtheyare incurred and include attributable
VATwhich cannot be recovered.
They are allocated tothe particularactivity towhich they relate.
Governance costs represent direct expenditureon the governance ofthe church, including the
independent scrutiny ofthese financial staternents.
As most ofthe managementand activityof thechurch is carried outbyvolunteers, this intangible cost is
not included inthefinancial staternents as this voluntarycontribution tothe life ofthechurch is incalculable.
th Taxation
During 2009thechurchbecame a registered charity in itsown right.
Accordingly it is potentiallyexempt from taxation inrespectofincomeand capital gains received
to the extent thatsuch Income orgains are appliedto exclusivelycharitable purposes.
No provision for
taxation has been made in these financial statements.
Ti Debtors
Debtors are recognised atthe settlernent amountdue. Prepayments are valued attheamount prepaid,
q Creditorsand provisions
Creditorsand provisionsare recognisedwhere the church hasa present obligation resulting from a
past event thet will probably resull inthetransfer offundetoa third partyand the arnount dueto setile
the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised
attheir settlement amount afterallowing foranytrade discounts due.
tk Financial instruments
Thechurchonlybasfinancial asseteand financial liabilities ofa kind that qualifyasbasicfinancial
instruments. Basicfinancial instruments are initiallyrecognised at transaction value andsubsequently
measured at their setilement value.
4 Cashandcash equivalents
Cash and cashequivalents include cash Inhand, deposits held at call with banks, othershort-term liquid
investmentswith original maturitiesofthree monthe orless, and bank overdrafis. Bank overdrafts are
shown within borrowings in current flabilities.
tim Employee benefits
The cost ofany unused holidayentitlement isrecognised inthe period inwhichthe employee's services
are received.
Termination benefits are recognised immediatelyasanexpensewhen the church isdemonstrably
committed toterminate theemployment ofan amployee orto provide termination benefits.
in Retirement benefits
Thechurch operates a defined contribution scheme underaute-enrolment. Contributions payable are
charged tothe statementoffinancial activities in the year inwhichtheyare payable.
19 Critical accounting estimatesandJudgements
Inthe application ofthe church's accounting policies, the trusteesare required tomakejudgements,
estimatesand assumplionsaboutthe carrying arnount ofassetsand liabilities that are nol readily
apparentfrom other sources. Theestimates and associated assumptions are basedon historical
experienceand otherfactorsthatareconsidered tobe relevant. Actual resultsmay differfrom these
asitimates.
Theestimates and underlyingassumptionsare reviewed on an ongoing basis. Revisions to accounting
estimates are recognised inthe period inwhichtheestimate isrevisedwhere the revision affectsonly
that period, or in the period ofrevision and future periodswhere the revision affects both currentand
future periods.
ip Going concem
Atthetime ofapproving the financial statements, thetrustees have a reasonable expectation thatthe
church hasadequate resources tocontinue in operational existence forthe forseeable future. Thetrustees
haveassessed the impact ofCovid-19, as detailed in the trustees’ report. Although thefinancial impact
iesignificant, the trusteesconsiderthat the charityhassufficient reservesto mitigate the imoact. Thus,
the trusteescontinue toadopt the going concernbasisofaccounting in preparingthe financial
statemenis.

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AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Funds Unrestricted Funds Unrestricted Funds Restricted Total Total
General Designated Funds 2020 2018
: £ £ é £ €
2 GIVING
Pledged donations
Sundrydonations
Incometaxrefundsdueunder GiftAid		 30,897
2,022
6,242		 -
~
.		 23,923
866
4,353		 54,820
3,088
10,595		 83,067
7ABI
18,208
Avenue Multicultural Centre - - 279 279 4,448
39,361 * 29 424 68,782 110,184
3 LEGACIES
No Legacieswerereceived in2020 (2079: £500).
4 GRANTS RECEIVABLE
Heritage LotteryFund » “ 34,240 34,240 42,800
Congregational and General “ “ 18,000 15,000 -
All Churches Trust ~ ~ - - 10,470
Allen Lane Grant - - ~ - 2,000
AMCGrantsfrom Partners
URCWessexTrust
HMRCJob RetentionScheme		 -
6500
8864		 -
-
:		 4,563
-
-		 1,563
6,500
5664
ee		 4500
6.000
~
ore,
Duringthe year, the church receivedgovernment grantsof£8,664 (2019 -Enil) Enil) in respectofthejob retention scheme.
5 FUND RAISING
Bazaar * - * - 4022
Church organisationsdonations 60 - - 60 4,721
Otherorganisations donations ~ “ ~ - 46515
Other social events - - 1a 44 1,752
Otherfund raising 527
587		 -
”		 730
4,851		 4257
2438		 3,238
23646
8 INVESTMENT INCOME
Dividendsand distributions 988 » 1226 2,214 2,450
Bank interest oF - ~ 87 364
7 MINISTRY& MISSION FUND
Thechurch contributestothe central URCcostsoftraining and providing ministers (inckuding the centralised paymentofstipends,
pensioncontributionsand other benefitsfor ministers), running the denomination, and the wider mission ofthe national church.
Thisannual budgetamountstosome£27 million, 84% ofwhich relates to ministercosts. 83% isfunded through the Ministry&
Mission Fund contributions from churches.
Unrestricted Funds Restricted Total Total
General Designated Funds 2020 2019
£ £ £ £ £
8 MINISTERIALCOSTS
Ministryand Missionfund 34,428 “ 2,731 37,159 40,062
Ministersexperses - - 4,322 4,322 3,023
Feesforvisiting ministers G3)
34,349		 *
-		 ”
4,053		 73
38,402		 710
43,795

9 TRUSTEES REMUNERATION AND EXPENSES

No trustees (or persons connected with them) received any remuneration or expense payments during the year (2019: fnil).

14

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020

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Unrestricted Funds —-Restricted Total Total
General Designated Funds 2020 2018
£ £ £ £ £
40 COSTS OF CHURCH ACTIVITIES
Church expenses:
Water rates 838 - - 538 990
Gas 1,661 - - 4,661 3,166
Electricity 825 “ - 825 1717
Repairs and maintenance 3,710 - 110,694 114,404 206, 858
Insurance 4,820 - 1976 6596. 5,063
14,354 = 412.670 124,024 217,794
Repairs of buildings expenses:
Rebate on VAT from Listed Places
of Worship Grant Scheme (106) “ GE,074) (6,182) (34,765)
Staff Costs: (all part time)
Cleaner 10,232 ~ - 40,232 9,041
Office administrators. 6,064 ~ - 6,064 6,074
Halls booking manager 4373 - ~ 4975 4,855
21274 = = 21,271 419.967
Printing and stationery
Picopying and stationery 965 - 4,001 4,966 4,534
Computer items 336 - 123 489 900
4301 - 1124 2425 2,533
Other expenses.
Books and worship material “ ~ 320 320 369
Junior Church expenses ~ - - - 8
Licences 568 - “ S68 633
Depreciation of fixed assets 4,219 4019 - 5.238 & 944
SWHG training/pirt activities - - - - 225
Other SWHG expenses - - 402 4102 -
FWO envelopes - ~ - ~ 12
Catering expenses 7 - - ? ale
Thank you gifts 20 ~ - 20 58
Gifts for housebound/calendars 444 - - 444 96
Flower expenses ” ” - ~ 18
Tax enquiry fee 132 - - 132 132
Turret expenses. - ~ 5.931 5,931 736
Other expenses 16 “ * 16 ag
Hails sundry expenses 494 " ™ 491 486
2,894 4.019 6,353 13,266 9185
Governance costs
independent examination 2,549 ~ a 2.040 1,830
Total cost of church activities wel BESS eae BAS,
104 EMPLOYEE REMUNERATION
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The gross salary costs for the year were £21,271 (2019: £19,967). Social security costs were Eni (2019: Eni).

Employer's pension costs were £nil (2019: Enil).

The average number of employees during the year was 4 (20194). No employee received remuneration exceeding £60,000 in either year.

15

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |4|DONATIONS|TO CHARITIES|ETC.|FROM COMMUNION|COLLECTIONS| |Unrestricted|Funds|Restricted|Total|Total| |General|Designated|Funds|2020|2019| |£|£|£|&|£| |Communion|Fund| |The Avenue|Centre|“|“|603|603|335| |Christian|Aid|147|.|-|147|774| |A|Rocha|-|~|158|186|~| |Mountbatten|Hampshire|-|-|150|150|-| |URC Zambia|appeal|100|“|”|400|-| |Christian Aid|Covid|appeal|100|~|-|400|“| |Southampton|Basics|Bank|50||”|50|”| |Southampten|Churches Rent|Deposit|Scheme|-|-|-|-|420| |Cornmitment|for|Life|-|-|~|”|an| |Jeel|al Amal|-|-|~|-|323| |Zimbabwe|School|-|”|”|~|180| |Samaritans|-|~|-|“|ae| |Society of St James|-|~|~|”|705| |Toilet|Twinning|~|~|~|-|102| |DEC|idail indonesia|”|”|~|-|203| |Arnnesty|international|-|-|~|~|25| |Communicare|-|.||-|175| |Jacks|Place|”|-|-|~|45| |397|~|914|1,308|3,190| |Benevolent|Fund| |Sundry donations|to the needy|”|”|“|166| |Total donations|to charities etc.|397|~|oii|4,308|3,356| |12|TANGIBLE|FIXED ASSETS| |Organ &|Office|Misc.| |Piano|Equipment|Equipment|Total| |La|£|£|£| |Cost as at|14/2020|308|873|34,776|35,987| |Additions|in|year|-|-|77H|77H| |Disposals|in year|-|”|(7,000)|(7,000)| |Gost as|al 31422020|308|873|35,567|36,748| |Depreciation as at 1/1/2020|308|873|19,298|20,479| |Charge|for the|year|-|-|§,238|6,238| |On disposals|*|”|(7,000)|@200)| |Depreciation as at 3142/2020|308|873|17 B36|iS 717| |Net book value as at 31/12/2020|~|»|18,031|18,034| |Net|book|value|as|al|31/12/2019|sceunsmetnamnarne,|sseeensesstessts, manentsmna|ite,|15,478|

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For the reasons stated in Accounting Policy note 1c, the church and manse buildings are not tangible fixed assets of the church. For insurance purposes the church buildings are insured by the church for £8,486,946. The church contents are insured by the church for £180,244,

16

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

13 FIXED ASSET INVESTMENTS

13 FIXED ASSETASSET INVESTMENTS
Listed
investments
£
Market value
At 1 January2020 23,848
Additions
Disposals		 -
”
Valuation changes (4,086)
ALI December2020 19,463
2020 2019
£ £
Investments held at fair valuecomprise:
Equities(M&G Charifundequity units) 19,463 23,548
Historical cost 10,304 10,394
14 FINANCIALINSTRUMENTS
2020 2019
£ £
Carryingamountoffinancial assets
Investments measured atfairvaluethrough net income/expenditure 19,463 23,548
45 DEBTORS
2020 2018
£ £
GiftAldTaxrecoverable
Otherdebtors
Prepayments		 29,890
3,928
S04
34,522		 49,095
42,750
870
62,715
46 CREDITORS: AMOUNTS FALLING DUEWITHINONE YEAR
2020 2019
£ €
Other creditors 10,877 97,124
income received inadvance 484
17,161
ART		 2A8O
99 583
ESLER,

All income received in advance at the end of the prior year was released to incoming resources during the year.

17

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

, , | / | | | | | | |

168

17 UNRESTRICTED FUNDS The church operates 3 Unrestricted (General) Funds as follows:

V7

18.4

General

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |General|The general|purpose fund|of the Church.| |Invesiment|Revaluation|Reserve|Unrealised|gains on|Charilund|Units.|This|is a sub fund|of the General|Fund.| |Halls|Used|to|receive|hire fees and|pay hall charges.| |The|movements on|the|Unrestricted|(General)|Funds during|the|year|were:| |General|Inv.Reval|Halls|Total| |£|£|£|£| |Balance|biiwd|1|Jenuary 2020|30,146|413,188|10452|83,753| |Income|57,389|-|9|A468|86.857| |87,535|13,155|49,920|120,610| |Expenditure|in year|(79,285)|”|(4,303)|(83,568)| |Unreaiised|gain/(loss)|on investments|-|(4,086)|-|(4,066)| |Fund transfers|12,128|-|(40,000)|2,128| |Balance c/iwd 31|December 2020|20,398|9.069|S617|38,064| |The movernents on the Unrestricted|(General) Funds during the prior year were:| |General|inv.Reval|Halls|Total| |£|€|£|£| |Balance biwd|1|January 2019|37,882|9,799|14,922|62,603| |Income|59,552||19,431|78,983| |97|434|9,799|34,353|141 886| |Expenditure|in year|(60,702)|”|1,099|(89,602)| |Unrealised|(oss)/gain on investments|~|3,556|”|3,056| |Fund transfers|23,414|-|(25,000)|(L586)| |Balance c/fwd 31|December 2019|30,146|13,155|10,452|53,753| |The|church operates four Designated|Funds with the support of Church|Meeting:| |Legacies|A fund for money received as legacies, fund for money received as legacies, for money received as legacies, money received as legacies, received as legacies, as legacies, legacies,|to be used to be used to used to to|initiate church and community related church and community related and community related community related related|projects in| |accordance|with the the|alms and and|objectives of the of the|church.| |CROW|A fund fund|for supporting supporting|projects|initiated|by the Church the Church Church|Related|Community Worker, Worker,| |Solar|A fund fund|for financing financing|the|solar panels. panels.| |New AV AV|A fund fund|for financing financing|the|new audio audio|visual|equipment.| |Turret|A fund fund|for financing financing|the turret turret|repairs.| |The movements on the Designated|Funds during the year were:| |Legacies|cROW|Solar|NewAV|Total| |£|£|£|£|£| |Balance b/wd|1|January 2020|134,885|168|12,339|~|447,392| |Income|-|-|-|3,500|3,500| |Expenditure|in year|134,885”|468~|(3629)12,339|3,500Gon|150,892(4.019)| |Transfer to General fund|(3,050)|~|-|-|(3,080)| |Transfer from New|AV restricted fund|-|-|.|4291|4,291| |Transfer|to AMC fund|(438)|-||-|(438)| |Agrant|of £438 was made from|Legacies|Fund|to AMC|Fund|to|support|their|activities.| |The movements on the Designated Funds during the|prior year were:| |Legacies|CROW|Solar|Turret|Total| |£|€|£|£|£| |Balance bAwd|1|January 2019|213,478|§21|6,306|3,767|224,069| |Income|500|127|9538|*|10,165| |Expenditure|in year|213,975”|(480)648|(2,177)15,844|3,767-|234,234(2,857)| |Transfer|to|General|fund|CL Bo0)|-|-|-|(890)| |Transfer to Avenue 2020 Fund|(76,000)|”|(1328)|G,767)|(81,095)| |TransferBalance c/fwd 31 to AMG fund December 2019|134(1,500) 885|168~|12,339~|-~|147(1,500) 392| |Agrant|of £1,500 was made from|Legacies|Fund|to AMC|Fund to support|their|activities.|

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Legacies A fund for money received as legacies, fund for money received as legacies, for money received as legacies, money received as legacies, received as legacies, as legacies, legacies, to be used to be used to used to to initiate church and community related church and community related and community related community related related projects in accordance with the the alms and and objectives of the of the church. CROW A fund fund for supporting supporting projects initiated by the Church the Church Church Related Community Worker, Worker, Solar A fund fund for financing financing the solar panels. panels. New AV AV A fund fund for financing financing the new audio audio visual equipment. Turret A fund fund for financing financing the turret turret repairs.

,

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

|

|

|

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |48|RESTRICTED|FUNDS| |The church accounts|include|10|Restricted|Funds, where the|monies can only be used|for the|specific|purpose for which they| |were|entrusted|to|the|church.|These|monies are|not|al|the|disposal|of the|Church|Meeting|for any|other|purpose,|and| |represent:| |Ministers|To|augment the|minister's|stipend.| |Organiats|To pay organists' fees.| |Organ|To|pay organ|maintenance|costs.| |The three|above|funds|receive|their|income|from|charitable|trusts.| |Avenue|2020|A fund|for financing|restoration|of the|building and|exploring|and|sharing|our heritage.| |Benevolent|Makes smail grants and donations to|individuals|in need|at the|Minister's discretion.| |Junior Church|To|pay for costs associated|with|Junior Church.| |Communian|Aholding|fund|for donations given for the|benefit of other charities.| |SWHG|A holding|fund|for|costs|associated with the|South West|Hants|Group|of Churches.| |AMC|A holding|fund|for costs associated|with the Avenue|Multicultural|Centre.| |The Avenue|Multicultural|Centre|is|operated jointly with CLEAR|(City Le|Education| |and|Action|for|Refugees) and|the|British|Red|Cross,|providing|advice|and|a|drop| |in|centre|for|refugees.| |New AV|A|fund|for|receiving|donations|for|the|New Audio|Visual|equipment.| |19.1|The|movements on|the|Restricted|Funds during|the|year were:| |Avenue 2020|Ministers|Organisis|Organ|Benev.| |£|£|£|£|€| |Balance|b/iwd|1|January 2020|32,560|6.017|587|4005|1 B46| |Income|73,809|oF4|252|-|~| |406,369|6,997|833|4.005|4,946| |Expenditure|in year|(106,339)|-|-|-|-| |Transfer between furds|50|(1,500)|-|-|-| |Balance c/fwd 31|December 2020|8D|$491|833|4.005|4|946| |J.Ghurch|Cormun.|SWHG|AMC|New AV|Total| |£|£|£|£|£|£| |Balance|b/iwd|1|January 2020|3,595|-|4,991|8.513|”|62,208| |Income||2411|2,628|1842|4291|86.207| |3,595|2411|7,619|10,355|4291|148.415| |Expenditure|in year|-|(817)|(6881)|2681)|~|(118,812| |Transfer|between funds|“|B00)|2,372|193|(4,297)|(2,931)| |Balance cfwd 31|December 2020|3,595||7,110|9,612|-|26,672| |£1,500 was transferred from|the|Communion|Fund|to AMC|Fund|being|donations given to|support|their activities.| |£1,500 was transferred from|the|Ministers|Fund|to the|General|Fund|to|part|fund|the|core costs of the community| |worker|in|accordance|with|the terms|of the|fund.| |The movements on the|Restricted|Funds during the prior year were:| |Avenue 2020|Ministers|Organists|Organ|Benev.| |£|€|£|£|£| |Balance|b/iwd|1|January 2019|-|6,543|32a|4,005|1,956| |income|126|932|974|22|~|156| |128,932|7317|581|4,005|2,412| |Expenditure|in|year|(177|AGT)|”|-|-|(166)| |Transfer between funds|81005|(1,500)|eo|-|-| |Balance cffwd 31|December 2019|32,560|6017|581|4,005|1,946| |J.Church|Commun.|SWHG|AMC|Total| |£|£|£|£|£| |Balance bfiwd|1|January 2019|3,595|-|6,039|8008|30,475| |Income|”|4175|6,324|7,948|148,761| |3,595|4,175|12,363|15,956|179,236| |Expenditure|in|year|”|(2,416)|(12,048)|(10,702)|(202,799)| |Tranefer|between funds|~|C789)|4676|3259|85,774|

----- End of picture text -----

£1,759 was transferred from the Communion Fund to AMC Fund being donations given to support ther activilies.

:

£1,500 was transferred from the Ministers Fund to the General Fund to part fund the core costs of the community worker in accordance with the terms of the fund.

18

|

| | | :

AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 21 DECEMBER 2020

20 ANALYSIS OF NET ASSETS BETWEEN FUNDS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|funds|Restricted| |General|Designated|Funds|Total| |£|£|£|£| |Fund|balances|at|31|December 2020 are|represented|by:| |Fixed assets|21,383|16,111|”|37,494| |Cash at bank and|in hand|4|537|129,207|44,833|148,577| |Other current|assete/(labilities}|9,164|2,358|44,839|23,361| |35,064|147 B76|26672|209.432| |Unrestricted|funds|Restricted| |General|Designated|Funds|Total| |£|£|£|£| |Fund|balances|at|31|December 2019 were|represented|by:| |Fixed assets|20,587|12,339|~|39,028| |Cash at bank and|in hand|20,002|192,225|106.968|261,198| |Other current asseta/(liabilities)|T|064|2828|(46,760)|(36,868)|

----- End of picture text -----

21 FINANCIAL COMMITMENTS

Contractual commitments for the restoration of the turret, which had been contracted for but not provided in the financial statements, amounted to £8,228 (2019: £195,586), and will be covered by a final grant payment from the Heritage Lottery Fund.

22 RELATED PARTY TRANSACTIONS

Gonations of £9,157 were received from trustees and other related parties during the year (2019: £14,534). There were no other transactions with related parties during the year (2019: Enil),

Remuneration costs relating (o key management personnel were borne by the central URC, as detalied in note 7.

20