| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1-4 | ||
| Report ofthe Independent | Examiner | ||
| Statement ofFinancial | Activities | ||
| Income and expenditure | Account | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 9-12 |
| Unrestricted | Unrestricted | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | General | Designated | Restricted | Endowment | Total | 2021 | ||||
| Incoming resources - Voluntary | resources | |||||||||
| Direct giving —Freewill offerings |
39,189 | 39,189 | 42.924 | |||||||
| Indirect giving - gift aid Grants receivable |
6264 500 |
6/64 500 |
9,120 868 |
|||||||
| Donations/exceptional income |
625 | 625 | 235 | |||||||
| Gifts for other causes | 3,481 | 3,481 | 456 | |||||||
| Fund-ratsmg | 1,768 | 1,768 | 270 | |||||||
| Miscellaneous income |
6,903 | |||||||||
| Hall and property-letting income |
13,171 | 13,171 | 745 | |||||||
| Investment income |
3 | 3,156 | 3,156 | 3,849 | ||||||
| Monday Fellowship | 14 | 364 | 364 | 30 | ||||||
| Restricted legacies | 10.000 | |||||||||
| Unrestricted legacies |
11.929 | |||||||||
| Total incoming resources |
64,673 | 364 | 3.481 | 68+18 | 87,329 | |||||
| Outgoing resources expended |
in | |||||||||
| the church's mission |
||||||||||
| Ministry and mission |
7 | 26,427 | 26,427 | 26.428 | ||||||
| Ministry expenses inc.manse | 2 124 | 2,124 | 1.099 | |||||||
| Music and Worship, Junior Church, Baby Group |
2,610 | 2,610 | 1,341 | |||||||
| Gifts to outside causes | 500 | 1,839 | 2+39 | 2,900 | ||||||
| Premises expenses | 50,414 | 50,414 | 50,901 | |||||||
| General and admin. expenses | 12,814 | 12,814 | 12.847 | |||||||
| Monday Fellowship | 416 | 416 | ||||||||
| Costs ofchanging investments |
1,473 | 1,473 | ||||||||
| Total outgoing resources | 96.362 | 416 | 1,839 | 98,617 | 95,516 | |||||
| Net incoming/(outgoing) | ||||||||||
| resources before transfers | (31,689) | (52) | 1,642 | (30,099) | (8,187) | |||||
| Transfers between funds | ||||||||||
| Net incoming/(outgoing) | ||||||||||
| resources before investment | ||||||||||
| assets revaluation and disposal |
(31.,689) | (52) | 1,642 | (30,099) | (8,187) | |||||
| Gains /(losses) on revaluation/disposal | ||||||||||
| ofinvestment assets |
577 | (1,230) | (653) | 14,946 | ||||||
| Net increase/(decrease) in funds |
(31,689) | 525 | 1,642 | (1,230) | (30,752) | 6,759 | ||||
| Fund balances b/fwd 1.7.21 | 65.969 | K 128,338 | K | 717 | f. | 64,970 | f. 259/94 | E 253,235 | ||
| Fund balances 30.6.22 | 34,280 | f. 128,863 | f. | 2,359 | K | 63,740 | K 229+42 | K 259,994 |
| Notes | Notes | [ | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||||
| Income | ||||||||
| FWO envelopes and standing |
orders | 37o84 | 37/84 | 41,645 | ||||
| FWO loose | 1,905 | 1,905 | 1,279 | |||||
| Gift aid | 6,264 | 6+64 | 9,120 | |||||
| Investment income |
3 | 3,156 | 3,156 | 3,849 | ||||
| Grants receivable | 500 | 500 | 868 | |||||
| Donations | 4 | 625 | 625 | 235 | ||||
| Fund raising | 1,6'73 | 1,673 | 270 | |||||
| Gifts for causes outside the | local church | |||||||
| Lettings - - Havant Meeting | Place and Waterside | hall | 13,171 | 13,171 | 745 | |||
| Sundry receipts (202It Insurance | receipt) | 6.903 | ||||||
| Flower fund | 95 | |||||||
| Unrestricted legacies |
6,080 | |||||||
| Total income | 64,673 | 64,673 | 70,994 | |||||
| Expenditure | ||||||||
| Ministry | ||||||||
| Ministry 8'c Mission |
26,427 | 26,427 | 26,428 | |||||
| Expenses | 2,124 | 2,124 | 1.099 | |||||
| Manse - utilities and insurance |
||||||||
| -repairs | ||||||||
| Music and worship | 2.279 | 2+79 | 1,341 | |||||
| Junior church | 80 | 80 | ||||||
| Local mission projects | 251 | 251 | ||||||
| Caretaking - salary | 13,499 | 13,499 | 13.053 | |||||
| - expenses, house | costs | 2,689 | 2,689 | 8,192 | ||||
| Church and halls - heating | and lighting | 10,970 | 10,970 | 7,698 | ||||
| -utilities and | insurance | 6,692 | 6,692 | 6,106 | ||||
| -repairs | 16,564 | 16564 | 15,853 | |||||
| Donations to causes outside | the | local church | 500 | 500 | 200 | |||
| Printing, postage and stationery |
3,749 | 3,749 | 3,947 | |||||
| Sundry expenses | 3,216 | 3+16 | 4,156 | |||||
| Costs ofchanmng investments |
1,473 | 1,473 | ||||||
| Flowers, Kitchen and Coffee | Bar expenses | 486 | 486 | 24 | ||||
| Depreciation offixed assets | 5,363 | 5,363 | 4,720 | |||||
| Loan interest | ||||||||
| Total expenditure | 96,362 | 96+62 | 92,816 | |||||
| (Deficit) ISurplus ofincome | less expenditure | (X31,689) | (%31,689) | (f.21,822) |
| Notes | [ | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Tangible Fixed Assets | 48,791 | 53,604 | |||||
| Investments | |||||||
| Stocks and shares | 92@59 | 83,211 | |||||
| Current Assets | |||||||
| Debtors | 10 | 7,869 | 10,390 | ||||
| Prepayments and |
deferred income | 6,646 | 7,017 | ||||
| Bank and cash balances | '77,730 | 108,496 | |||||
| 92/45 | 125,903 | ||||||
| Creditors and accrued expenses |
4,353 | 2 724 | |||||
| Net current assets | 87,892 | 123,179 | |||||
| Total assets less current liabilities | 229442 | 259,994 | |||||
| Creditors - amounts | falling due after one year | ||||||
| Total assets less liabilities | 229+42 | f259,994 | |||||
| Church Funds | |||||||
| Unrestricted —general |
34+80 | 65,969 | |||||
| Unrestricted -designated |
13 | 128,863 | 128,338 | ||||
| Restricted | 2/59 | 717 | |||||
| Endowment | 63,740 | 64,970 | |||||
| 229+42 | f259,994 |
| 2. | Grants receiveable. | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Grant &om URC (Wessex) Trust Ltd for 'Baby Group' | 500 | ||||
| Payroll grant under Covid-19 rules | 868 | ||||
| 3. | Investment Income. |
500 | 868 | ||
| Dividends Interest —Lloyds Bank |
pic | 3,134 22 |
3,830 19 |
||
| 3,156 | 3,849 | ||||
| 4. | Donations/exceptional | income. | |||
| Donations received by |
the church for its charitable | activities | 625 | 235 | |
| 235 | |||||
| 5. | Donations received for causes outside the local |
church. | |||
| Commitment for Life |
1,722 | ||||
| Christian Aid |
25 | 25 | |||
| The Leprosy Mission | 1,676 | ||||
| Water Aid | 15 | 4 | |||
| Beacon food bank | 365 | ||||
| The Heal Project | 20 | ||||
| Bolivia Project | 7 | ||||
| Sundry | 21 | 35 | |||
| 3,480 | 456 |
| 8. | Fixed Assets. | Organ | Sound | Furnishings | Total | |||
|---|---|---|---|---|---|---|---|---|
| equipment | and fixtures | |||||||
| Cost | ||||||||
| Balance at 1.7.21 | 30,539 | 22,300 | 40,668 | 93,507 | ||||
| Scrapped in year | ||||||||
| Purchased in year |
550 | 550 | ||||||
| Balance at 306.22 | 30,539 | 22,300 | 41,218 | 94,057 | ||||
| Depreciation | ||||||||
| Balance at 1.7.21 | 611 | 1,115 | 38,177 | 39,903 | ||||
| Scrapped in year | ||||||||
| Charged in year | 1,220 | 1,911 | 5,363 | |||||
| Balance at30.6.22 | 1,831 | 3,347 | 40,088 | 45,266 | ||||
| Net book value | ||||||||
| At 30.6.21 | 53,604 | |||||||
| At30.6.22 | 48,791 | |||||||
| 9. | Investments. | |||||||
| 2022 | 2021 | |||||||
| Quantity | Cost | Price | Value | Value | ||||
| Endowment funds |
||||||||
| City Merch High Yield Trust 25p ord. |
3,608 | |||||||
| Dunedin Income EcGrowth I.Trust |
25p ord | 6,380 | ||||||
| Edinburgh Investment |
Trust 25p ord. | 7,238 | ||||||
| Lowland Investment | Company 25p ord |
4,072 | ||||||
| Merchants Trust 25p |
ord. | 14,163 | ||||||
| Murray Income Trust | 25p ord | 5,840 | ||||||
| Securities Trust ofScotland 25p ord | 7,201 | |||||||
| Temple Bar Invest. Trust 25p ord. | 6,468 | |||||||
| COIF Charities Ethical Investment | Fund | 23,043 | 65,211 | 2.7661 | 63,740.38 | |||
| 65,211 | K63,740.38 | 54,969 | ||||||
| Unrestricted Desi~ated funds |
||||||||
| Vodafone Group $0.113/7ths ord. | 1,430 | |||||||
| RSA Insurance Group7.375%curn irred. |
6,433 | |||||||
| National Grid 11 17/43rds p ord. Dunedin Income 4 Growth I.Trust |
25p ord | 5,973 4,466 |
||||||
| Merchants Trust 25p ord. |
7,725 | |||||||
| Merchants Trust 25p |
ord. | 2215 | ||||||
| COIF Charities Ethical Investment | Fund | 10,419 | 29,451 | 2.7661 | 28,818.83 | |||
| 29,451 | f, 28,818.83 | 28,242 | ||||||
| Total Investments | 94,662 | f, 92,559.21 | 83,211 | |||||
| 10. Debtors. |
2022 | 2021 | ||||||
| Estimated amount oftax claim under ~It aid |
6,606 | 8,036 | ||||||
| Legacy Irom Estate | ofMember | 2,000 | ||||||
| Other Debtors, including lettings at Havant Meeting Place |
1,263 | 354 | ||||||
| 7,869 | 10,390 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 11.Bank and cash. | ||||||
| HSBC Bank pic | 8+53 | 3,505 | ||||
| CAF Bank Ltd | 9/26 | 18,552 | ||||
| Lloyds Current a/c |
13,743 | 4,938 | ||||
| Lloyds Deposit a/c | 46,473 | 81,466 | ||||
| Petty cash | 35 | 35 | ||||
| f, | 77,730 | 108,496 | ||||
| 12.Creditor: Amounts | payable within one year. | |||||
| PAYE | 322 | 264 | ||||
| Accrued expenses Gas 4,electricity |
819 3+12 |
1,201 1,259 |
||||
| Members' loans |
||||||
| 6 | 4@53 | 2,724 | ||||
| 13.Unrestricted Designated |
funds. | |||||
| Lift emergency call-out reserve |
1+00 | 1,200 | ||||
| Securities at mid-market | values | 28,819 | 28 242 | |||
| Saturday lunches reserve |
408 | 408 | ||||
| Monday Fellowship | funds (see note 14) | 321 | 373 | |||
| Legacies received less partially | expended | 98,115 | 98,115 | |||
| 6 | 128,863 | 128,338 | ||||
| 14. Monday Fellowship | funds. | |||||
| 3E | ||||||
| Balance b/fwd | 373 | 343 | ||||
| Amounts received in freewill offerings |
364 | 30 | ||||
| Amounts paid to speakers |
and charity representatives | (416) | ||||
| Balance c/fwd | 321 | 373 |