2021-12-31-accounts

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
Notes to the Financial Statements		Pages 12-20

				Unrestricted	Unrestricted	Funds	Restricted	TOTAL	Unrestricted	Unrestricted	Funds	Rstrictad	TOTAL
Note				General	Designated 8		Funds f	2021 8	General	Designated 8		Funds 8	2020
	Donagons and legatee
	Giving Legacies Grantsr~					5,000		58,631	39,361 15,164				88,782 65,S67
	Other trading acthrNes
	Fund raising							1293				1,851
	tnvestment Income
	interest &dividends							1,887	1,045				2,271
	Charitable acthrNes
	Hall tettings							13,090					9,855
	Cafe receipts												889
	SWHG receipts						6,Q20	8,020				2.626	2,82&
	Other							208				276	434
											3,500		3,500
	Total Income			76,624		5,QQQ	22,247	103,871	66,657		3,500	66,207	156,564
	Expenditure
	Expenditure on charitable	actlvNes
8	URC Ministry 8 Mission Fund			34,705			3,613	3S,318				4,(ÃB	38,402
	Community Worker			8,661				S,&81					11,050
	Manager Manas expenses Offices~			631			3,970	3,970 631	674				23,880 3~ 874
10	Cost ofchurch activities			28,247				49,789	38,752		4,019	64,073	't26,&44
	Organ expend			1,470				'1,470					220
11		stc					2,150	2,150	397			911	'l,308
	Cafe expenses								302				302
	Avenue Multicultural	Centre expenses		(1,540)			1,916	378	(2,176)				505
	Total expenditure			72,374		4,680	28,311	105,585	63,568		4,019	116,612	206,3SS
	Net (expenditure)llncome	beforeInv~
	gainsl {losses)			4,250		120	(6,064)	(1,894)	(16,711)		{519) (32,605)		(49,835)
	Galnsl(losses} on investment		assets					2,804	(4,066)				{4,086)
	Net (expenditure~ Transfers~funds	for ths year		{5,336		120 614)	(6,Q64) 6,152	910	(20,797) ?„128		(519) 603	(32,605} 2,931	(53,921)
	Net movement ln funds			1,516		(694)	66	910	(18,669)		284	(35,536)	(53,921)
	Reconc8btgon offunds:
	Total funds blfvvd 1January 2021			35,064		147,676	26,672	209,432	53,753		147,392	62,206	263,353
	Total funds clfwd 31 December 2021			36,600		146,962	26,?60	210,342	35,084		147,676	26,672	209~2

AVENUE STANDRElfiFS SOIITHAMPTON UNITED REFORMED CHURCH CHARITY	AVENUE STANDRElfiFS SOIITHAMPTON UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAI STATEMENTS
FOR THE	YEAR ENDED 31DECENIBER2021
	Charity Information Avenue StAndrew's Southampton United Reformed Church Charity is an unincorporated charity (charily registration number 1 130504). Its principal~is Avenue StAndrew's URC, The Avenue,
	Scxrthsmpton, SO171XQ.
	ACCOUNTING POUCIES
	Basis ofacoountlng The financisl statements have been prepared in accordance with ~nfing and Reporting by Charifies: Statement ofRecommended Piacfice~to charities preparing their accounts in
	accordance with the Financial Reporting Sntndard applicabb in the UK and Republic of Ireland issued in October 201g, the Financial Reporfing Standard applicable in ths United Kingdom and R~ of Ireland (FRS102), the Charities Act 2011, UK~Accepted Accounting Practice,
	applicable charity law snd the United Reformed Church guidance. The church isa Pubfic Benefit
	Entity as defined by FRS102.
	The charity has taken advantage ofthe provisions in the SORP for charities applying FRS102
	Update Bufiefin 1 not to prepare a Statemeiri ofCash Flows.
	The financial statements have beenpr~ to give a 'true and fair' view snd have~from the Charities (Accounts and Reports) Reguiafions 2008 only to the extent required to provide a 'lius
	and fair mew'. This departure has involved fofiowing the Accoun5ng and Reporting by Charities:
	Stasnnent cfRecommended Practice applicable to charities preparing their accounts in accordance
	with the Financial Reporting Standard applicators in ths UK and Republic of Ireland issued in October 2019rather than the Accounting and Reporting by Charibes: Staterixmt ofRecommended Practice
	from 1 April 2005which has since been wifixkawn.
	The financial~ts are prepared in sterling, which isthe functionai currency ofthe church. Monetary amounts in these financk5 statements are rounded to the neasst f.
	The financiai statements ars prepared on a going concern basis under the historical cost convenfion,
	modified to include certain items at fair value.
	The significant accounting~applied in the preparation ofthese financial stat~ are set out behw. These policiee have been consistently applied to all years presented unless~stated.
1b	Fund Accounting
	Unrestricted funds are avaiiabfe for use atthe discretion ofthe church in furtherance ofits charitable
	obiecfivss.
	Restricted funds are subjected to restrictions on their expendiMe imposed by the donor, or
	contained in the terms ofa grant. The restricted funds shown in these financk5 statements ars funds
	that have been set up for purposes either specified by the donor or by the terms ofa pubfic appss5,
	and cannot be used for other purposes.
	The designated funds shown in these finsnck5 statements are funds that have been set aside by the trustees for specific purposes. Transfers are made~funds when adequate jusfificafion and supporfing evidence is provided.
	Tangitde fixed assets
	Frsehokt property: The Trustees ofthe church and manse buildings are the URC Wessex Synod
	Trust who hold them upon trust for purposes connected with Avenue StAndrews URC.
	Expenditure incurred on ihe church and manse is written off in the year it is incurred.
	Equipmsnb Tangible fixed assets costing mors than E1,000are capitalised.
	Depreciation isprove on f)xed assets at the fofiowing rates:
	Organ and pianos -25% reducing balance
	Office snd other equipment -20%straight line
1d	Fixed assets investments Fixed asset investments are inifia)iy~ed sttra~ price excludingtra~ costs, and
	are subsequenfiy measured at fair value at each rspofing date. Transacbon costs are expensed ss
	NCNrsd.
	All gains and losses are taken tothe Statement of Financkd Acfivtfies se they arise. Realised gains snd hsses on investments are calculated as the dfifsrsnce~sales~and opening market value (purchase date if later). Unrealised gains and losses sre calculated as the difference ~the market value st the year-end and~market value (or purchase date if later).
	lmpalrinent offixed assets
	At each reporfing end date, the church reviem the carrying amounts of its tangible assets to determine
	whether there is sny indica5on that those assets have suffered an impairment loss. Ifany such indication
	mists, the recoven@ie amount ofthe asset is esfiiisned in order to determine the extent of
	impairment or loss (ifany).

FOR T	HE YEAR ENDED 31DECEMBER 2Q21
	Income Ali voluntary giving is included in the financials~ for ths period in which itis received.
	under Gift Aid plus the associated bix recovery are recognised as income when the donation isr~
	Legacies and grants ofa general nature, including government grants, are accounted for when there is entitlement, receipt is probable and the amount can be measured reliably. Income~in advance is deferred until the period to which it relates. All other income is generally recognised when it isr~
	Expenditure
	The URC Ministry 5 Mission Fund contribution is paid regularly and is included in the financial statements
	for ths year to which it relates.
	Resources expended are recognised in the period in which they are incurred and include atb ibulabls VAT which canret be recovered. They are allocated to the particular~to which they relate. ~nce costs represent directe~e on ths governance ofthe church, including the independent scrubny ofthese firxaicials~.
	As most ofthe management and activity ofths church is carried out by votunteeis, this intangible cost is
	not included in lhs financial statements as this voluntary corrtribution tothe life ofthe church is incalculable.
1h	Taxation
	During 2009the church became a registered charity in ils own right. Accordingly it is potentially exempt from taxation in respect ofincome and capital gainsr~
	to the extent that such income or gains are appfied to exclusively charitable purposes. No provision for
	taxation has been made in these financial statements.
	Debtors Debtors arer~ at these~ amount dus. Prepayrnents are valued at the amount prepaid.
	Creditors snd provisions Creditors andpr~ are recognised where the church has apresent biigatkm resuifing from a psst event that will probably result in the transfer offunds to a third party and the amount due to setfie the obligation can be measured or estimated reliably. Creditors and provisions are normally rec~ at their settlemsnt amount after afiowing for any trade~due.
	Financial Insbuments
	The church only has firxrnciai assets and financial liabiTities ofa kind that quahfy as basic financial
	instruments. Basic financial instruments are initially recognised attransaction value and subssquentfy
	measured at their setfisment vakie.
	Cash and cash equivalents Cash and cash equivalents include cash in hand,~hekl at call with banks, other short~ liquid
	investments with original maturities ofthree months or less, and bank overdrafts. Bank overdress are
	shown within borrowings in current liabfiities.
	Employee benefits
	The cost ofany unused holiday entitlement is recognised in the period in which the employee's serviam arer~
	Termination benefits are recognised immediately as an expense when the church is demonstrably
	committed to terminate the empkrymsnt ofan amp@yes or to provide termination benefits.
	Retirement benefits The church operates a defined contribution scheme under sutoenrolment. Contribubons paya5e are charged to lhe~t offinancia~in the year in which they are payable.
	CrIScai accourNng estimates and judgements
	ln the application ofthe church's accounting policies, ths truslaes are required to make judgenients,
	estimates and assumptions about the carrying amount ofassets and liabilities that are not readily
	apparent from other sources. The estimates and associated assumptions are based on historical experience and other~that are considered to be relevant. Actual results may diifer from these
	estimates. The estimates and underlying assumptions arer~ on an ongoing basis. Revisions to accounting
	esbmates are recognised in the period in which the estimate is revised where Ihe revision affects only
	that period, or in the period of revision and future penods where the revision affects both current and
	future oeriods.
1p	Going concern At the time of approving the financial statements, the trustees have ar~ expectation that ths church has adequate rssoumm tocontinue in operational existence for the forseeable future. The trustees havea~ ths impact of Covid-19,as dsbrNsd in the~' report, Afihough the financial impact
	is signtficant, the trustees consider that the charity has sufficient reserves to mitigate the impact. Thus, the trustees continue to adopt the going concern basis of~ng in preparing the financial statements.

					Unrestricted	Unrestricted	Unrestricted	Unrestricted	Funds	Funds	Rsstrtcted	Rsstrtcted	Total		Total
					General			Designated			Funds		2021		2020
						E			6		f.				6
Communion	Fund
The Avenue	Centre											422	422
Mounibattsn	Hampshire											109	109
Southern pton	Basics Bank											161	161
Jeel al Amal												374	374
Embrace the	Middle East											48	48
Practical Action												36	36
Christian Aid															147
A Roche															158
URC Zambia	appeal														100
Christian Aid	Covid apped														100
Southampton	Churches	Rent Deposit		Scheme
											1	150	1 150
Benevolent	Fund
Sundry donations to the		needy											1,000
											2	150	2 1511
TANQlBLE RXEDASSETS
					Organ S				Office		Misc.
						Piano		Equipment			Equipment		Total
										6			E
Cost as at 1/1/2021							308			873	35,567		36,748
Additions in year											4,185		4,185
Disposals in	year
Cost as at 31/12l2021										873	39	752
Depreciation	as at 1/1/2021									8?3	17,536		18,717
Charge for the year											5,557		5,557
On dispossls
Depreciation	ss at 31l12l2021									873	23093		24 274
Net book value as at 31/12/2021
Nst book value as at 31/12/2020											18031		15.051
Forthe reasons stated in Accounting				Policy note	1c,	the	church		and	manse bufidings are not tangible fixed~of				the church. For
insurance purposes the		church	buiktings ars insured			by	the church for 68,752,040.The church contents are insured							by ths church
for6186,489.

							Usted
							Investments
							8
	Market value
	At 1 January 2021						19,463
	Addibons
	Disposals
	Vakrabon changes
	At 31 December 2021
						2021
	Investments hekl atfair	value~
	Equibes (M &G Charifund			equity units)			19.483
	Historical cost						10.384
14	FINANCIAL INSTRUMENTS
						2021
	Carrying amount offtnanclal assets tt ' l*1008h~' mal				0868	2208?	19463
15	DEBTORS
	Gilt Aid Tax recoverable					'!9,256	29,690
	Other debtors Preps~					16,740 783	3,928 904
							34.822
16	CREDITORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR
						2021
	Other creditors income~in~					7,871	10,677 484
							11,161
	All income received in~at the end ofthe prior year was released to incoming resources						during the year,

19	RESTRICTED	FUNDS
	The church accounts indude 'IO Restricted Funds, where the monies can only be used for the speci% purpose for			which they
	were erdrusted	tothe church. These monies are not at the disposfd ofthe Church Meeting for	any other purpose,	and
	represent
	Ministers	To augment the minkrter's stipend.
	Organists Organ	To pay organists' fees. To pay organmal~ costs.
	The three above funds receive their income from chertbf5e trusts.
	Avenue 2020	A fund for financing restoration ofthe building and exploring and sharing	our heritage.
	Benevohrnt	Makes sinful grants and donations to individuals in need at the Minister's	discretion.
	Junior Church	To pay forcosts associated with Junior Church.
	Communion	A hokling fund for donations given for the benefit of other charities.
	SWHG	A hokling fund for costs associated with the South West Hants Group ofChurches.
	AMC	A holding fund for costs associated with the Avenue Multicultural Centre.
		The Avenue Multicultural Centre isoperand jointly with CLEAR (City Life Educatice
19.1	New AV Themo~	snd Action for Refugees) and the British Red Cross, providing advice and a drop in centre for refugees. A fund for~~for the New Audio Visual equipment. on theR~Funds during the year were:

FOR T	HE YEAR ENDED 31DECEMBER 2021
20	ANALYSIS OF NET ASSETS BETWEEN FUNDS
			Unrestricted		tunds	Restricted
			Genertd	Designated		Funds	Total
					K	E
	Fund bsktnces at 31 December 2021 are represent	by:
	Fixed assets		1,242		37,484		38,726
	Cash at bank and in hand		20,113		103,640	19,439	143,192
	Other current asseud(liabilities)		15,245		5,858	7,321	28,424
			38600		146982	26760	210,342
			Unrestricted		funds	Restricted
	Fund bsktncss at31~r 2020 were represented	by:	General	Designated 8		Funds 6	Total
	Fixed assets		21,383		16,111		37,4S4
	Cash at bank and in hand		4,537		129,207	14,833	148,577
	Other current sssstsl(iiabiTCes)		S,164		2,358	11,839	23,361
			35084		147676	26672	209432