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|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|
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||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|
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|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.||
||ACCOUNTING
POLICIES||
|1a|Basis ofaccounting||
||The financial statements
have been prepared
in accordance with Accounting
and Reporting
by||
||Charities: Statement ofRecommended
Practice applicable to charities
preparing
their accounts
in||
||accordance
with the
Financial Reporting
Standard appfica5e
in the UK and Republic of ireland||
||issued
in October 2019,the Financial Reporting
Standard
applicable
in the United Kingdom and||
||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||
||Update
Bulletin
1 not to prepare a Statement ofCash Fkiws,||
||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 ofRecommended
Practice applicable
to charities preparing
their accounts
in accordance||
||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.||
||The financial statements
are prepared
in sterling,
which isthe functional
currency ofthe church.||
||Monetary
amounts
in these finsndal
statements
are rounded tothe nearest f:.||
||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.||
||Fund Accounting||
||Unrestricted
funds are available
for use at the discretion ofthe church
in furtherance
ofits charitable||
||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||
||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||
||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||
||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 E1,000are capitalised.||
||Depreciation
is provided
on fixed assets at the following rates:||
||Organ and pianos
-25% reducing balance||
||Office and other equipment
-20%straight
line||
|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||
||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||
||between the market value at the year-end
and opening
market value (orpurchase
date iflater).||
||Impairment
offixed assets||
||At each reporting
end date, the church reviews the canying
amounts ofits tangible assets to determine||
||whether there is any indication that those assets have suffered an impairment
loss. Ifany such indication||
||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.||||
||Donations
under Gift Aid plus the associated tax recovery are recognised as income when the||||
||donation
is received.||||
||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 received
in advance is deferred
until the period to which it relates,||||
||All other income is generally
recognised
when
it is receivable.||||
|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.||||
||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.||||
||Governance
costs represent
direct expenditure
on the governance
of the church,|including
the|||
||independent
scrutiny ofthese financial
statements.||||
||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,||||
||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.||||
||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||||
||at their settlement
amount after allowing
for any trade discounts
due.||||
|1k|Financial instruments||||
||The church
only has financial assets and financial
liabilities ofa kind that qualify as basic financial||||
||instruments,
Basic financial
instruments
are initially recognised
at transaction
value and subsequently||||
||measured
at their settlement
value.||||
||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.||||
||Employee
benefits||||
||The cost ofany unused
holiday entitlement
is recognised
in the period
in which the employee's
services||||
||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||||
||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.||||
|10|Crtgcal accounting
estimates and judgements||||
||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||||
||apparent
from other sources. The estimates
and associated
assumptions
are based on historical||||
||experience
and other factors that are considered
to be relevant. Actual results may differ from these||||
||estimates.||||
||The estimates and underlying
assumptions
are reviewed
on an ongoing basis. Revisions to accounting||||
||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,||||
||the trustees continue to adopt the going concern basis of accounting
in preparing|the financial|||
||statements,||||
##
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|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|
|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|||||||
|Disposals
in year|||||||
|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|
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||||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|
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