# ## |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 ÷nds|||||||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| ##