| 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 |
| AVENUE STANDREVPS SOUTHAMPTON UNITE |
AVENUE STANDREVPS SOUTHAMPTON UNITE |
AVENUE STANDREVPS SOUTHAMPTON UNITE |
D REFORME | D | CHURCH | CHARITY | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2022 | |||||||||||||
| Unrestricted | Funda | Restricted | TOTAL | Unrestricted | Funds | Restdcted | TOTAL | ||||||
| General | Designated | Funds | 2022 | General | Designated | Funds | 2021 | ||||||
| Note | 8 | 6 | 6 | 6 | 8 | 6 | |||||||
| Income | |||||||||||||
| Donations and legacies |
|||||||||||||
| Giving | 47,267 | 5,'I81 | 52,448 | 50,468 | 6,163 | 56,631 | |||||||
| Legacies | 2,501 | 2,501 | |||||||||||
| Grants receivable | 5,500 | 5,000 | 10,500 | 10,619 | 5,000 | 9,123 | 24,742 | ||||||
| Other trading activities | |||||||||||||
| Fund raising | 2,225 | 2,225 | 1,293 | 1,293 | |||||||||
| Investment income |
|||||||||||||
| Interest &divMends | 1,423 | 657 | 2,080 | 946 | 941 | 1,887 | |||||||
| Charitable activities |
|||||||||||||
| Hall lettings | 18,075 | 18,075 | 13,090 | 13,090 | |||||||||
| SWHG receipts | 2,332 | 2,332 | 6,020 | 8,020 | |||||||||
| Other | 848 | 208 | 208 | ||||||||||
| Total income | 75,336 | 2,501 | 13,170 | 91,007 | 76,624 | 5,000 | 22,247 | 103,871 | |||||
| Expenditure | |||||||||||||
| Expenditure on charitable |
activities | ||||||||||||
| 8 | URC Ministry &Mission Fund | 35,183 | 2,565 | 37,748 | 34,705 | 3,613 | 38,318 | ||||||
| Community Worker Manse expenses |
12,772 | 3,101 | 12,772 3,101 |
8,661 | 3,970 | 8,881 3,970 |
|||||||
| Oflice expenses | 582 | 582 | 631 | 631 | |||||||||
| 10 | Cost ofchurch activiTies | 34,893 | 5,369 | 1,514 | 41,776 | 28,247 | 4,880 | 16,662 | 49,789 | ||||
| Organ expenses | 1,366 | 1,366 | 1,470 | 1,470 | |||||||||
| 11 | Donations to charities | etc | 58 | 2,439 | 2,497 | 2,150 | 2,150 | ||||||
| Avenue Multicultural |
Centre expenses | (5,564) | 6,740 | 1,176 | (1,540) | 1,916 | 378 | ||||||
| Total expenditure | 79,290 | 5,369 | 16,359 | 101,018 | 72,374 | 4,880 | 26,311 | 105,585 | |||||
| Net (expenditure)/income | before Investment | ||||||||||||
| gains/(losses) | (3,954) | (2,868) | (3,189) | (10,011) | 4,250 | 120 | (6,064) | (1,694) | |||||
| Gains/(losses) on investment |
assets | (1,229) | (1,229) | 2,604 | 2,604 | ||||||||
| Net (expenditura)/income | for the year | (5,183) | (2,868) | (3,189) | (11+40) | 6,854 | 120 | (6,064) | 910 | ||||
| Transfers between funds |
2,512 | 7,035 | 4,523 | 5,338 | 814 | 6,152 | |||||||
| Net movement in funds |
(2,671) | (9,903) | 1,334 | (11,240) | 1,516 | (694) | 68 | 910 | |||||
| Reconciliation offunds: | |||||||||||||
| Total funds b/fwd 1 January 2022 |
36,600 | 146,982 | 26,760 | 210,342 | 35,084 | 147,676 | 26,672 | 209,432 | |||||
| Total funds c/fwd 31 December 2022 | 33,929 | 137,079 | 28,094 | 199,102 | 36,600 | 146,962 | 26,760 | 210,342 |
| AVENUE STANDREVIFS SOUTHAMPTON UNITED REFORMED CHURCH CHARITY |
AVENUE STANDREVIFS SOUTHAMPTON UNITED REFORMED CHURCH CHARITY |
|
|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||
| FOR THE YEAR ENDED 31 DECENIBER 2022 | ||
| Charity information Avenue StAndrew's Southampton United Reformed Church Charity is anuninc~ |
charity | |
| (charity registration number 1130504).Its principal address isAvenue St Andrew's URC, |
The Avenue, | |
| Southampton, SO171XQ. |
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| ACCOUNTING POLICIES |
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| 1a | Basis ofaccounting | |
| The financial statements have been prepared in accordance with Accounting and Reporting by |
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| Charities: Statement ofRecommended Practice applicable to charities preparing their accounts in |
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| accordance with the Financial Reporting Standard appfica5e in the UK and Republic of ireland |
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| issued in October 2019,the Financial Reporting Standard applicable in the United Kingdom and |
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| Republic of Ireland (FRS 102),the Charities Act 2011,UK Generally Accepted Accounting |
Pracfice, | |
| applicable charity law and the United Reformed Church guklance. The church isa Public |
Benefit | |
| Entity as defined by FRS 102. | ||
| The charity has taken advantage ofthe provisions in the SORP for charities applying FRS102 |
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| Update Bulletin 1 not to prepare a Statement ofCash Fkiws, |
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| The financial statements have been prepared to give a 'true and fair' view and have departed from |
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| the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true |
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| and fair view'. This departure has involved following the Accounting and Reporting by Charities. |
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| Statement ofRecommended Practice applicable to charities preparing their accounts in accordance |
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| with the Financial Reporting Standard applicable in the UK and Republic ofireland issued |
in October | |
| 201g rather than the Accounting snd Reporting by Charities: Statement of Recommended |
Practice | |
| effective from 1 April 2005 which hss since been withdrawn. |
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| The financial statements are prepared in sterling, which isthe functional currency ofthe church. |
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| Monetary amounts in these finsndal statements are rounded tothe nearest f:. |
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| The financial statements are prefxtred on a going concern basis under the historical cost |
convention, | |
| modified to include certain items at fair valve. | ||
| The significant accounting policies applied in the preparation ofthese financial statements |
are set out | |
| below. These policies have been consistently applied to all years presented unless otherwise stated. |
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| Fund Accounting | ||
| Unrestricted funds are available for use at the discretion ofthe church in furtherance ofits charitable |
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| objectives. | ||
| Restricted funds are subjected to restrictions on their expenditure imposed by the donor, |
orcontained | |
| in the terms ofa grant. The restricted funds shown in these financial statements are funds that have |
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| been set up forpurposes either specified by the donor or by the terms ofa 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 |
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| trustees for specific purposes. | ||
| Transfers are made between funds when adequate justification and supporting evidence |
is provided. | |
| Tangible Ifxsd assets | ||
| Freehold property: The Trustees ofthe church and manse buildings are the URC Wessex Synod |
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| Trust who hold them upon trust for purposes connected with Avenue St Andrews URC. |
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| Expenditure incurred on the church and manse is written off in the year it is incurred, |
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| Equipment: Tangible fixed assets costing more than E1,000are capitalised. |
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| Depreciation is provided on fixed assets at the following rates: |
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| Organ and pianos -25% reducing balance |
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| Office and other equipment -20%straight line |
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| 1d | Fixed assets investments | |
| Fixed asset investments are initlaily measured at transaction price excluding transaction |
costs, and | |
| are subsequently measured at fair vaiue at each reporting date. Transaction costs are expensed as |
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| incuinsd. | ||
| All gains and losses are taken tothe Statement of Financial Activities as they arise, Realised gains | ||
| and losses on investments are calculated as the difference between sales proceeds and |
opening | |
| market value (purchase date iflater). Unieslised gains and losses are calculated as the difference |
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| between the market value at the year-end and opening market value (orpurchase date iflater). |
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| Impairment offixed assets |
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| At each reporting end date, the church reviews the canying amounts ofits tangible assets to determine |
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| whether there is any indication that those assets have suffered an impairment loss. Ifany such indication |
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| exists, the recoverable amount ofthe asset is estimated in order to determine the extent |
of | |
| impairment or loss (ifany). |
| Income | ||||
|---|---|---|---|---|
| Afi voluntary giving is included in the financial statements forthe period In which it is received. |
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| Donations under Gift Aid plus the associated tax recovery are recognised as income when the |
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| donation is received. |
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| 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. |
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| Income received in advance is deferred until the period to which it relates, |
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| All other income is generally recognised when it is receivable. |
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| 1g | Expenditure | |||
| The URC Ministry & Mission Fund contribufion is paid regularly and is included in |
the financial statements | |||
| for the year to which it relates. |
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| Resources expended are recognised in the period in which they are incurred and |
include attributable | |||
| VAT which cannot be recovered. They are allocated to the particular activity to which they relate. |
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| Governance costs represent direct expenditure on the governance of the church, |
including the |
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| independent scrutiny ofthese financial statements. |
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| As most ofthe management and activity ofthe church is cerned out by volunteers, |
this intangible | cost is | ||
| not included in the financial statements as this voluntary contribution to the life of |
the church is incalculable. | |||
| 1h | Taxation | |||
| During 2009the church became a registered charity in its own right, |
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| Accordingly it is potentially exempt from taxation in respect ofincome and capital |
gains received | |||
| to the extent that such income or gains are applied to exclusively charitable purposes. No pnivision |
for | |||
| bsxation has been made in these financial statements. | ||||
| Debtors | ||||
| Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. |
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| Creditors and provisions | ||||
| Creditors and provisions are recognised where the church has a present obligation resulting from |
a | |||
| past event that will probably resuit in the transfer offunds toa third party and the |
amount due to settle | |||
| the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised |
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| at their settlement amount after allowing for any trade discounts due. |
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| 1k | Financial instruments | |||
| The church only has financial assets and financial liabilities ofa kind that qualify as basic financial |
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| instruments, Basic financial instruments are initially recognised at transaction value and subsequently |
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| measured at their settlement value. |
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| Cash and cash equivalents | ||||
| Cash and cash equivalents include cash in hand, deposits held at call with banks, |
other short-term | liquid | ||
| investments with original maturities ofthree months or less, and bank overdrafts. |
Bank overdrafts | are | ||
| shown within borrowings in current liabilities. |
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| Employee benefits |
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| The cost ofany unused holiday entitlement is recognised in the period in which the employee's services |
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| are received. | ||||
| Termination benefits are recognised immediately as an expense when the church |
is demonstrably | |||
| committed to terminate the employment ofan employee or to provide termination |
benefits. | |||
| Retirement benefits |
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| The church operates a defined contribution scheme under aut~nrolmenL Contributions payable |
are | |||
| charged to the statement offinancial activities in the year in which they are payable. |
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| 10 | Crtgcal accounting estimates and judgements |
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| In the application of the church's accounting policies, the trustees are required to |
make judgements, | |||
| estimates and assumptions about the carrying amount ofassets and liabilities that are not readily |
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| apparent from other sources. The estimates and associated assumptions are based on historical |
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| experience and other factors that are considered to be relevant. Actual results may differ from these |
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| estimates. | ||||
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
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| estimates are recognised in the period in which the estimate is revised where the |
revision affects only | |||
| that period, or in the period of revision and future periods where the revision affects both current and | ||||
| future periods. | ||||
| 1p | Going concern | |||
| At the time ofapproving the financial statements, the trustees have a reasonable |
expectation that |
the | ||
| church has adequate resources to continue in operational existence for the forseeable future. Thus, |
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| the trustees continue to adopt the going concern basis of accounting in preparing |
the financial | |||
| statements, |
| DONATIONS TO CHARITIES ETC.FRONI COMMUNION COLLECTIONS Unrestricted Funds |
DONATIONS TO CHARITIES ETC.FRONI COMMUNION COLLECTIONS Unrestricted Funds |
DONATIONS TO CHARITIES ETC.FRONI COMMUNION COLLECTIONS Unrestricted Funds |
DONATIONS TO CHARITIES ETC.FRONI COMMUNION COLLECTIONS Unrestricted Funds |
R~ | Total | Total |
|---|---|---|---|---|---|---|
| General | Designated 6 |
Funds K |
2022 | 2021 E |
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| Communion Fund |
||||||
| The Avenue Cenbe | 500 | 500 | 422 | |||
| Mountbatten Hampshire |
123 | 123 | 109 | |||
| Southampton Basics Bank |
1,108 | 'l,166 | 161 | |||
| Jeel al Amal | 87 | 87 | 374 | |||
| Embrace the Middle East | 48 | |||||
| Practkal Action | 65 | 65 | 36 | |||
| A Roche | 114 | 114 | ||||
| Amnesty International |
57 | 57 | ||||
| Samaritans | 129 | 129 | ||||
| Commitment for Life |
130 | 130 | ||||
| Society ofStJames | 126 | 126 | ||||
| 58 | 2,439 | 2497 | 1 150 | |||
| Benevolent Fund | ||||||
| Sundry donations tothe needy |
1,000 | |||||
| Total donations to charities etc. |
2439 | 2,497 | 2 150 | |||
| TANGIBLE FIXEDASSETS | ||||||
| Organ 8 | OIEce | Misc. | ||||
| Piano E |
Equipment | Equipment f |
Total 6 |
|||
| Cost as at 1/1/2022 | 308 | 873 | 39,752 | 40,933 | ||
| Additions in year |
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| Disposals in year |
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| Cost as at 31/12/2022 | 308 | 873 | 39752 | |||
| Depreciation asat 1/1/2022 | 873 | 23,093 | 24,274 | |||
| Charge for the year | 5,976 | 5,976 | ||||
| On disposals Depreciation as at 31/12/2022 |
873 | 29069 | 30,250 | |||
| Net book value as at 31/12/2022 | 10,683 | 10.693 | ||||
| Net book value as at 31/12/2021 | 16,659 | 16659 |
| FIXEDASSET INVESTMENTS | FIXEDASSET INVESTMENTS | FIXEDASSET INVESTMENTS | FIXEDASSET INVESTMENTS | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Listed | |||||||||
| Investments | |||||||||
| Market value | |||||||||
| At 1 January 2022 | |||||||||
| Additions | |||||||||
| Disposals Valuation changes |
~7.229 | ||||||||
| At 31December | 2022 | 20.838 | |||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Investments held at fair value |
comprise: | ||||||||
| Equities (M &G Charlfund |
equity | units) | 22,067 | ||||||
| Historical cost | 10,394 | 10,394 | |||||||
| FINANCIAL INSTRUMENTS | |||||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Carrying amount offinancial t *90 tt 1 |
assets 1 though |
t' | V 99&3 | 20938 | |||||
| DEBTORS | |||||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Gift Aid Tax recoverable | 28,148 | 19,256 | |||||||
| Other debtors | 7,621 | 16,740 | |||||||
| Prepayments | 598 | 783 | |||||||
| 36.779 | |||||||||
| CREDITORS: AMOUNTS FALLING DUE | WITHIN | ONE YEAR | |||||||
| 2022 | 2021 | ||||||||
| 6 | E | ||||||||
| Other creditors | 10,479 | 5,871 | |||||||
| income received | in advance | 2,537 | 2,484 | ||||||
| 13,016 | 8355 |
| Unrestricted | Unrestricted | funds | Restricted | ||||
|---|---|---|---|---|---|---|---|
| General | Designated | Funds | Total | ||||
| E | E | E | |||||
| Fund | balances at 31December 2022are represented | by: | |||||
| Fixed | assets | 30,956 | 31,521 | ||||
| Cash | at bank and in hand | 11,654 | 106,123 | 26,453 | 144,230 | ||
| Other | current assets/(liabilities) | 21,710 | 1,641 | 23,351 | |||
| 33929 | 137079 | 28,094 | 199,102 | ||||
| Unrestricted | funds | Restricted | |||||
| General | Designated | Funds | |||||
| 6 | 6 | ||||||
| Fund | balances at 31 December 2021 were represented | 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 assets/(liabilities) | 15,245 | 5,858 | 7,321 | 28,424 | ||
| 36600 | 146982 | 26 760 | 210,342 |