| Contents | |||
|---|---|---|---|
| Page | |||
| , | |||
| Legal and administrative | information | 1 | |
| Elders' Report | 2 | ||
| Trustees' Annual Report | 3 | ||
| Independent Examiner's | Report | 7 | |
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10−20 |
| The Elders / Trustees | Mrs C. Fielding | Mrs G Barling |
|---|---|---|
| Mrs C. Gould | Mr S. Goodman | |
| Mrs M Hinchcliffe | Mrs F Orchard | |
| Church address | Stuart House | |
| Green Lane | ||
| Derby | ||
| DE1 1RS | ||
| Independent Examiner | Martin Gadsby | |
| PKF Smith Cooper | Limited | |
| Prospect House | ||
| 1 Prospect Place, | ||
| Derby | ||
| DE24 8HG | ||
| Bankers | HSBC | |
| 1 St Peter's Street | ||
| Derby | ||
| DE1 2AE |
| tatement of Financial Acti | **vities for the ** | **year ended ** | 31 Decem | ber 2022 | |
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total 2022 | Total 2021 | |
| Fund | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | |
| Income | |||||
| Donations & Legacies | 17,743 | 10,779 | 9,493 | 38,015 | 49,320 |
| Charitable activities | 6,503 | − | − | 6,503 | 1,481 |
| , | |||||
| Other trading activities | 59,932 | − | 20,573 | 80,505 | 78,261 |
| Investments | 4,128 | 1271 | 200 | 5,599 | 3,691 |
| Other | −780 | 780 | o | 1,788 | |
| Total Income (Note 3) | 87,526 | 12,830 | 30,266 | 130,622 | 134,541 |
| Expenditure | |||||
| Charitable activities | |||||
| Premises Costs | 49,489 | 73,885 | 6,988 | 130,362 | 77,180 |
| Ministerial Costs | 42,071 | − | 6 | 42,077 | 48,703 |
| Costs of Activities | 3,685 | 871 | 8,013 | 12,569 | 6,077 |
| Grants payable and restricted donations passed on |
1,393 | − | 8,601 | 9,994 | 5,999 |
| Governance costs | 7,224 | 40 | 614 | 7,878 | 5,075 |
| Other | 1,886 | 1,595 | 20 | 3,501 | 6,189 |
| Total Expenditure (Note 4) | 105,748 | 76,391 | 24,242 | 206,381 | 149,223 |
| Net Gains/(Losses) on Investments | 3,082 | −52,579 | − | −49,497 | 60,389 |
| Net Income / (Expendlture) | −15,140 | −116,140 | 6,024 | −125,256 | 45,707 |
| Transfers Between Funds | |||||
| Gross Transfers Between Funds −In | − | − | − | − | 116 |
| Gross Transfers Between Funds −Out | − | − | − | − | −116 |
| Net Movement In Funds | −15,140 | −116,140 | 6,024 | −125,256 | 45,707 |
| Total Funds Brought Forward | 16,748 | 676,528 | 169,093 | 862,369 | 816,662 |
| Total Funds Carried Forward | 1,608 | 560,388 | 175,117 | 737,113 | 862,369 |
| Central, Derby, United Reformed Church C Balance sheet as at 31 December 2022 |
harity | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Fixed Assets | ||
| PropertY | 192,008 | 192,008 |
| Organ & Pianos | − | |
| Recreation Equipment | − | − |
| Church Equipment | 19,155 | 22,309 |
| Total Tangible Fixed Assets (Note 2) | 211,163 | 214,317 |
| Investments | ||
| COIF Investments | 383,514 | 432,999 |
| M & G Investments | 6,347 | 6,359 |
| Total Investments (Note 7) | 389,861 | 439,358 |
| Current Assets | ||
| Debtors and Prepayments (Note 8) | − | − |
| HSBC | 78,092 | 117,492 |
| HSBC 3F's account | 2,625 | 1,706 |
| COIF Deposit Funds | 62,876 | 97,251 |
| Cash | ||
| Total Current Assets | 143,593 | 216,449 |
| Current Liabilities (Note9) | −7,505 | −7,755 |
| Net Current Assets | 136,088 | 208,694 |
| Net Assets | 737,112 | 862,369 |
| Represented by Funds: | ||
| Unrestricted Fund | 1,608 | 16,748 |
| Designated Funds | 560,387 | 676,528 |
| Restricted Funds | 175,117 | 169,093 |
| 737,112 | 862,369 |
| Equipment | Property | ||||
|---|---|---|---|---|---|
| Organ & Pianos £ |
Church £ |
Brayfield Rd £ |
Total | £ | |
| Cost | |||||
| As at Jan 2022 | − | 66,473 | 192,008 | 258,481 | |
| Additions | − | − | − | − | |
| Disposals | − | − | − | − | |
| As at Dec 2022 | 66,473 | 192,008 | 258,481 | ||
| Depreciation | |||||
| As at Jan 2022 | − | 44,164 | − | 44,164 | |
| Charge for the Year | − | 3,154 | − | 3,154 | |
| Disposals | − | − | − | − | |
| As at Dec 2022 | − | 47,318 | − | 47,318 | |
| NBV as at Dec 2022 | − | 19,155 | 192,008 | 211,163 | |
| NBV as at Dec 2021 | − | 22,309 | 192,008 | 214,317 |
| Unrestricted | Designated | Restricted | Total 2022 | Total 2021 | ||
|---|---|---|---|---|---|---|
| Fund | Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | £ | ||
| Donations & Legacies | • | , | ||||
| Identified Offerings | 14,380 | − | − | 14,380 | 17,889 | |
| Unidentified Offerings | 967 | − | − | 967 | 1,004 | |
| Donations & Bequests | 1,676 | 10,644 | − | 12,220 | 13,250 | |
| Gift Day | 850 | − | − | 850 | − | |
| Tax Recovery | − | − | − | − | 3,095 | |
| Government Grants | − | − | 8,747 | |||
| − | − | |||||
| Activities & Events | − | − | − | − | 6 | |
| Members Subscriptions | −30 | 135 | 9,150 | 9,255 | 5,261 | |
| , | ||||||
| Transport Subscriptions | − | − | 344 | 344 | 66 | |
| Total of, Donations & Legacies | 17,743 | 10,779 | 9,494 | 38,016 | 49,318 | |
| Charitable Activities | ||||||
| Room Lettings | 6,502 | − | − | 6,602 | 1,481 | |
| Printing | − | − | − | − | − | |
| Total Charitable Activities Income | 6,502 | − | − | 6,602 | 1,481 | |
| Other Trading Activities | ||||||
| Fundraising | 2,917 | − | − | 2,917 | 671 | |
| Property Rentals | 46,332 | − | − | 46,332 | 48,233 | |
| Manse Letting | − | − | − | − | − | |
| Service Charges | 10,683 | − | 20,573 | 31,256 | 29,357 | |
| Total of Other Trading Activities Income | 59,932 | − | 20,573 | 80,505 | 78,261 | |
| Investments | ||||||
| COIF Interest | 390 | 1,271 | 200 | 1,861 | 2,469 | |
| Dividends | 3,738 | − | − | 3,738 | 1,223 | |
| Total Investment Income | 4,128 | 1,271 | 200 | 5,599 | 3.,692 | |
| Other Income | −780 | 780 | − | − | 1,788 | |
| , | ||||||
| TOTAL INCOME | 87,525 | 12,830 | 30,267 | 130,622 | 134,540 |
| Unrestricted | Designated | Designated | Restricted | Total 2022 | Total 2021 | |
|---|---|---|---|---|---|---|
| Fund | Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | £ | ||
| Cost of Charitable Activities | ||||||
| Premises Costs: | ||||||
| Staff Costs | 25,985 | 1,464 | − | 27,449 | 28,878 | |
| Insurance | 6,647 | − | − | 6,647 | 7,161 | |
| Heat, Light & Water | 18,642 | − | 18,642 | 12,989 | ||
| Maintenance & Repairs | −780 | 72,421 | − | 71,641 | 14,238 | |
| Other Premises Costs | 95 | − | 6,988 | 7,083 | 13,914 | |
| Total Premises Costs | 49,489 | 73,885 | 6,988 | 130,362 | 77,180 | |
| Ministerial Costs: | ||||||
| M &M Contribution | 39,672 | − | − | 39,672 | 32,095 | |
| Group Ministry Costs | − | − | − | o | 15,225 | |
| Central's Ministry Costs | 2,394 | − | − | 2,394 | 661 | |
| Organist & Music | − | − | − | − | − | |
| Church Gifts | 5 | − | 6 | 11 | 722 | |
| Total Ministerial Costs | 42,071 | − | 6 | 42,077 | 48,703 | |
| Costs o f Activities: | ||||||
| Other Gifts | − | − | − | 451 | ||
| Activities & Events | − | − | − | − | − | |
| . | ||||||
| Transport for Activities | − | 83 | 1,051 | 1,134 | 184 | |
| Trainers' Fees | − | − | 3,200 | 3,200 | 2,240 | |
| Food for Activities | 291 | 136 | 3,700 | 4,126 | 1,108 | |
| Telephone & Internet | 1,876 | − | 1,876 | 984 | ||
| Materials & Consumables | 1,518 | . | 630 | 62 | 2,210 | 624 |
| Equipment Purchases & Repairs | − | 23 | − | 23 | 84 | |
| Reprographic Materials & Services | − | − | − | − | 403 | |
| Total Costs o f Activities | 3,685 | 871 | 8,013 | 12,569 | 6,078 |
| Unrestricted | Designated | Restricted | Total 2022 | Total 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Fund | Funds | Funds | Funds | Funds | |||||
| £ | £ | £ | £ | £ | |||||
| Grants payable a n d restricted donations | |||||||||
| passed on | |||||||||
| Local Outreach | 1,393 | − | 4,396 | 5789 | 4,249 | ||||
| National & International Outreach | − | − | 4,205 | 4205 | 1,750 | ||||
| Total Grants payable a n d restricted donations passed on |
1.393 | − | 8,601 | 9.994 | 5,999 | ||||
| ‘ | |||||||||
| Governance Costs | |||||||||
| Administration Costs | 4,185 | 40 • | 500 | 4,725 | 2,995 | ||||
| Independent Examination Fees | 2,908 | − | − | 2,908 | 2,080 | ||||
| Bank Charges | 131 | − | 114 | 245 | − | ||||
| Total Governance Costs | • | 7,224 | _ | 40 | 614 | 7,878 | 5,075 | ||
| Total Cost o f Charitable Activities | 103,862 | 74,796 | 24,222 | 202,880 | 143,035 | ||||
| , | |||||||||
| Other Expenditure | |||||||||
| Depreciation | 1,558 | 1,595 | − | 3153 | 2,570 | ||||
| Derby A2C | − | − | − | − | 1,802 | ||||
| Other | 328 | − | 20 | 348 | 1,817 | ||||
| Total Other Expenditure | 1,886 | 1,595 | 20 | 3501 | 6,189 | ||||
| TOTAL EXPENDITURE | 105,748 | 76,391 | 24,242 | 206,381 | 149,224 |
| Fund balances | Incoming | Outgoing | Transfer | Net | Fund | ||
|---|---|---|---|---|---|---|---|
| brought | resources | resources | between | gain/(loss) | balances | ||
| forward | funds | on | carried | ||||
| . | investment | forward | |||||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Fund | |||||||
| General Fund | 16,748 | 87,526 | −105,747 | − | 3,081 | 1,608 | |
| Total Unrestricted Fund | 16,748 | 87,526 | −105,747 | − | 3,081 | 1,608 | |
| Designated Funds | |||||||
| Asset Fund | 210,229 | −1,595 | − | − | 208,634 | ||
| Bequests Fund | 180,841 | 6,878 | −1,224 | −21,166 | 165,329 | ||
| Maintenance Fund | 98,086 | 790 | −71,197 | − | 27,679 | ||
| Ministers Discretionary | Fund | 203 | −40 | − | − | 163 | |
| Monday Afternoon Fellowship | 2,183 | 129 | −23 • | − | − | 2,289 | |
| Property Fund | 42,183 | 2 | − | − | −4,077 | 38,108 | |
| Social Fund | 235 | − | − | − | − | 235 | |
| Turner Bequest(church) | 143,719 | 2 | − | − | −27,336 | 116,385 | |
| Youth Fund | −1,15,1 | 5,029 | −2,312 | − | − | 1,566 | |
| Total designated funds | 676,528 | 12830 | −76,391 | − | −52,579 | 560,388 | |
| Restricted Funds | |||||||
| Flower Fund | 69 | − | − | − | 69 | ||
| Nativity Fund | 91 | − | − | − | 91 | ||
| _ | |||||||
| Outreach Fund | −4,509 | 23 | −8,631 | − | − | −13,117 | |
| Recreation Society Fund | 11,803 | 37 | − | − | 11,840 | ||
| Service Charge Fund | 39,577 | 20,573 | −6,988 | − | − | 53,162 | |
| Turner Bequest (Recreation Society) | 116,542 | 102 | − | − | 116,644 | ||
| 3 F's Fund | 5,520 | 9,531 | −8,624 | − | − | 6,427 | |
| Total Restricted Funds | 169,093 | 30,266 | −24,243 | − | − | 175,116 | |
| TOTAL FUNDS | 862,369 | 130,622 | −206,381 | − | −49,498 | 737,112 |
| OTE 7 — INVESTMENTS HELD BY THE CH | URCH | ||||
|---|---|---|---|---|---|
| Value at 1 January 2022 |
Purchase | Sale | Gain/ (loss) in year |
Value at 31 December 2022 |
|
| • | £ | £ | £ | £ | £ |
| COIF Ethical Investment Fund | |||||
| Income Units (Bequest Fund) | 182,233 | − | − | −22,639 | 159,594 |
| Accumulation units (Property Fund) | 38,109 | − | − | −3,700 | 34,409 |
| Accumulation units (Turner Bequest Church | |||||
| Fund) | 93,758 | _ | − | −9,103 | 84,655 |
| COIF Global Equity Income Fund | |||||
| Accumulation units (Turner Bequest Church | |||||
| Fund) | 118,899 | − | _ | −14,043 | 104,856 |
| M&G Charifund | |||||
| Accumulation units (Property Fund) | 6,360 | − | − | −13 | 6,347 |
| 439,359 | − | − | −49,498 | 389,861 |
| DEBTORS AND PREPAYMENTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Prepayments | e | £ | ||
| Cyber insurance | − | − | ||
| Debtors | ||||
| Rental Income | − | − | ||
| HMRS Gift Aid and GADSD | − | − |
| 2022 | 2021 | |
|---|---|---|
| Accruals | e | £ |
| Staff & Admin Costs | 2,652 | 2,738 |
| Independent Examination of Accounts | 2,500 | 2,040 |
| Outreach | 731 | 1,526 |
| Energy | 1,994 | 1,441 |
| Bank Charges | 10 | 9 |
| Service Charges | 646 | − |
| Water | 73 | − |
| Trainer | 80 | − |
| . | ||
| Deferred Income | −1,181 | − |
| 7,505 | 7,754 |
| Unrestricted | Designated | Restricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | ||
| Tangible Fixed Assets | 2,530 | 208,633 | 0 | 211,163 | |
| Investments | 33,922 | 352,769 | 3,170 | 389,861 | |
| Current Assets | −30,872 | 56,091 | 118,374 | 143,593 | |
| Current Liabilities | −4,365 | −156 | −2,984 | −7,505 | |
| _ | |||||
| Net Assets | 1,215 | 617,337 | 118,560 | 737,112 |