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:- 

- e Avenue St Andrew’s URC e Chandlers Ford URC e ltsaac Watts URC e Valley Park LEP 

## 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:- 

- « Promoting the Christian Faith 

- « Teaching the faith to all ages. 

- e Providing training, nurture and activities for children and young people. 

- e Serving the community. 

- e Giving pastoral care and support to members and others in need, particularly those in sickness, distress or poverty. 

- e Providing premises and resources for community groups and activities. 

## 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 

- e Weekly Sunday worship including children’s activities and créche e Monthly Sunday Breakfast Church e Joint worship activities with other churches in South West Hants Group e Bible Study 


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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:- 

- e The Avenue Centre e Southampton Churches Rent Deposit Scheme 

- e Southampton & Winchester Visitors Group e Social/Fitness activities for the over 60s 

- e The Avenue Multicultural Centre for asylum seekers and refugees e Avenue Community Choir 

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 

| 

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. 

| 

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:- 

- e Return to full use of the church premises following the Covid 19 pandemic. e Further development of community activities, following the appointment of a Community Worker. 

- e Continued commitment to the development of the South West Hants Group as its structures evolve and as patterns for shared ministry and resources adapt to changing situations. 

- e To adapt to the needs of a changing congregation, in which opportunities for spiritual nurture and growth in faith are seen as priorities. 

- * To support Assembly led United Reformed Church initiatives. e To plan for a balanced budget with annual expenditure covered by annual income within three years. 

- « Planned major expenditure projects include implementation of the next phase of the recommendations for major refurbishments, following the 2015 quinquennial survey and the forthcoming quinquennial survey. 


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For and on behalf of the Elders:- rssesnine. Desssoon<br>CsUSAR Ee Deacon)<br>Date:- \4- Rosy, 2O2\<br>**----- End of picture text -----**<br>



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A pon VcGost<br>(“JoAN McGAVIN )<br>**----- End of picture text -----**<br>



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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<br>Designated||Funds|2019|
|Note||£|£|£|£|£|£|€|£|
||Income|||||||||
||Donationsand legacies|||||||||
|2|Giving|39,361|”|29,421|68,782|42,656|$665|57,863|410,184|
|3<br>4|Legacies<br>Grantsreceivable|-<br>16,164|-<br>”|-<br>$0,803|-<br>65,567|-<br>6,000|500<br>~|-<br>59,770|600<br>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<br>Café receipts<br>Lunch Clubreceipts<br>SWHGreceipts<br>Other|9,655<br>889<br>-<br>-<br>156|”<br>~<br>-<br>“<br>~|”<br>~<br>-<br>2,628<br>278|9,048<br>$89<br>.<br>2,628<br>434|20,156<br>4577<br>471<br>-<br>2,490|-<br>~<br>.<br>~<br>-|~<br>-<br>-<br>6,324<br>OTT|20,166<br>4877<br>474<br>6,324<br>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<br>Church RelatedCommunityWorker|34549<br>*|-<br>”|4083<br>”|38,402<br>*|36,044<br>728|~<br>»|5,754<br>”|43,706<br>728|
||CommunityWorker|11,050|~|-|14,060|10,290|”|-|10,200|
||Herllage Manager<br>Manseexpenses|-<br>-|~<br>~|23,660<br>3,434|23,680<br>3,434|-<br>~|”<br>”|6640<br>§,393|2,840<br>6,393|
|10|Officeexpenses<br>Costofchurch activities|674<br>38,752|-<br>4,019|~<br>84,073|e774<br>126,844|682<br>44,159|“<br>2,657|”<br>169,728|892<br>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<br>Note £ £ £ £<br>Fined assets<br>Tangible assets 12 18,031 15,478<br>Investments 43 19,463 23, S48<br>37,494 39,026<br>Current assets<br>Debtors 15 34,522 62,715<br>Cash at bank and in hand 148,577 261,195<br>183,089 323,910<br>Creditors: amounts falling due within<br>one year 16 (11,167) (99,583)<br>Net current assets 174,938 224,327<br>Total assets less current liabilities 209,432 263,353<br>_sears atime<br>Represented by:-<br>Unrestricted income funds:<br>General unrestricted funds 17 35,084 53,753<br>Designated funds 18 147 B76 147,392<br>182,760 201,145<br>Restricted Income funds 19 26,672 62,208<br>Total funds 209,432 263,353<br>SEAS SSeS<br>Approvedpproved by:-by. AUDI,» easyDOD (so Sasmne BayN9D son)SOE<br>For and on behalf of the Elders<br>pate VE Mon Z2AO2wy\<br>(Joan Mc Gavin)<br>(Ope [MVeGawr] %<br>**----- End of picture text -----**<br>


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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.<br>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.<br>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.|



13 



## 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<br>Sundrydonations<br>Incometaxrefundsdueunder GiftAid|30,897<br>2,022<br>6,242||-<br>~<br>.|23,923<br>866<br>4,353|54,820<br>3,088<br>10,595|83,067<br>7ABI<br>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<br>URCWessexTrust<br>HMRCJob RetentionScheme||-<br>6500<br>8864|-<br>-<br>:|4,563<br>-<br>-|1,563<br>6,500<br>5664<br>ee|4500<br>6.000<br>~<br>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<br>587|-<br>”|730<br>4,851|4257<br>2438|3,238<br>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)<br>34,349||*<br>-|”<br>4,053|73<br>38,402|710<br>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 


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


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 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


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<br>Disposals||-<br>”|
||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<br>Otherdebtors<br>Prepayments|29,890<br>3,928<br>S04<br>34,522|49,095<br>42,750<br>870<br>62,715|
|46|CREDITORS: AMOUNTS FALLING DUEWITHINONE YEAR|||
|||2020|2019|
|||£|€|
||Other creditors|10,877|97,124|
||income received inadvance|484<br>17,161<br>ART|2A8O<br>99 583<br>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 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|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.|

**----- End of picture text -----**<br>


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 

| 

| 

| 


**----- Start of picture text -----**<br>
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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 -----**<br>


£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 -----**<br>
||||||||
|---|---|---|---|---|---|---|
|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 -----**<br>


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