|||**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||





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|**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_<br>_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**<br>**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 (Note**9)|**−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|





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||Equipment||Property|||
|---|---|---|---|---|---|
||Organ &<br>Pianos<br>**£**|Church<br>**£**|Brayfield Rd<br>**£**|**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|





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||**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|





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||||**_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_**<br>**_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|





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|||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|





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|**OTE 7 — INVESTMENTS HELD BY THE CH**|**URCH**|||||
|---|---|---|---|---|---|
||Value at<br>1 January<br>2022|Purchase|Sale|**Gain/**<br>**(loss) in**<br>**year**|**Value at**<br>**31**<br>**December**<br>**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||−||−|



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||**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|





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||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**|



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