## **LONDON STREET (BASINGSTOKE) UNITED REFORMED CHURCH CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2020**
The Trustees of London Street (Basingstoke) United Reformed Church present their annual report and financial statement for the year ended 31[st] December 2020. The Trustees confirm that they comply with the requirements of the Charities Act 2011; the Charities (Accounts and Reports) Regulations 2008; and the Statement of Recommended Practice for Accounting by Charities 2019 as applicable to charities entitled to prepare accounts on the receipts and payments basis. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **ADMINISTRATIVE INFORMATION**
London Street United Reformed Church is a local church of the United Reformed Church and is a member church of Wessex Synod of the Church. It was registered on 28 July 2009 as London Street (Basingstoke) United Reformed Church Charity, charity number 1130801.
London Street United Reformed Church is a working name of London Street (Basingstoke) United Reformed Church Charity.
London Street United Reformed Church is situated at London Street, Basingstoke, Hants, RG21 7NU.
The members of the Elders’ Meeting for the time being are recognised as the charity trustees. Those who served from 1st January 2020 until the date this report was approved are:
Revd Kay Blackwell (Minister) (called to a new pastorate 31[st] August 2021) Mr Owen Collins (Church Secretary) Miss Karen Bell (Church Treasurer) Mrs Wai Leng Ayland Mrs Anne Davey Mrs May Honeyball Miss Alison Jamieson Mr Ian McCloy Mrs Gill Miller (resigned 7[th] May 2021)) Mr Kengjise Moavu Mrs Carol Scott Mr Ian Scott Mrs Joy Williams Mrs Sarah Williams Mrs Jean Young (resigned 3[rd] November 2021)
The Church building and the manse at 6 Camberry Close, Basingstoke, Hants, RG21 3AG are vested in The United Reformed Church (Wessex) Trust Limited as trustees and held for the benefit of London Street United Reformed Church in accordance with the trusts applicable to URC properties.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The activities of London Street United Reformed Church are overseen by the Elders’ Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church and supplemented by the Constitution of London Street United Reformed Church. The governing document of the registered charity is a statement adopted by the Church Meeting on 20 May 2009.
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The Elders’ Meeting is responsible for the financial administration of the Church, and the care and maintenance of Church premises and the manse. The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church.
The members of the Elders’ Meeting are the minister in pastoral charge (if any) and up to 12 members of London Street United Reformed Church nominated and elected by the members of London Street United Reformed Church in Church Meeting; the Church Secretary and Church Treasurer are ex officio members of Elders’ Meeting. Elders serve for 3 years, retire by rotation and are eligible for re-election. Elders may serve 2 consecutive periods and, thereafter, must wait 1 year before becoming eligible for re-election. This process, as detailed in the Constitution of London Street United Reformed Church, did not contain provisions for the conduct of an Elders’ election during the Covid-19 pandemic. In September 2020 given the difficulty in holding face to face meetings, Church Meeting agreed that there would be no Elders' election in 2020 and that the Elders coming to the end of their 3 years would be re-elected for a further 3 years. In addition the Elder coming to the end of their 6 years, would be re-elected to serve for a further 12 months. This decision was taken to demonstrate good governance given the need for continuity and the exceptional circumstances we found ourselves in. The members of the Elders’ Meeting are the trustees of the registered charity during their period of service as elders.
The Elders' Meeting met 11 times during the year; 3 times in person and the remainder via Zoom. The first meeting via Zoom was held in April. In recognising the increasing difficulty in holding faceto-face meetings as a consequence of the COVID-19 pandemic, the Charity Commission issued guidance on using digital solutions in holding meetings. In holding on-line meetings, Trustees were required to record the decision to do so thereby demonstrating good governance of the charity. On receipt of this advice, the Elders’ Meeting held in May recorded receipt as a consequence of which Elders’ Meetings would be held on-line until such time as meetings face to face could be safely resumed. It is assisted in the administration of the Church and its property by committees established for finance, café management, property maintenance, mission, plus other ad-hoc groups as required. Church Meeting met 6 times during the year; 3 times in person and the remainder via Zoom. The first meeting via Zoom was held in May. At that meeting the advice from the Charity Commission was duly recorded and as with Elders’ Meetings, Church Meetings would be held online until such time as meetings face to face could be safely resumed.
## **OBJECTIVES AND ACTIVITIES**
As a local congregation of the United Reformed Church, London Street United Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its building.
The Elders’ Meeting is aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church.
The Elders’ Meeting believes that the Church provides benefit to the public by:
- providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers;
- promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole.
## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS**
London Street United Reformed Church continued to hold public services of Christian worship for all ages on Sunday mornings throughout 2020. With the COVID-19 pandemic, for three quarters of the year the Church was unable to worship in the church building. The worship, witness and pastoral care of the church continued in new ways. A Zoom licence was purchased and by Sunday 29[th] March we had our first online worship and that continued throughout 2020. Members who would be
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unable to join in worship physically were enabled to do so digitally. Equally former members who had moved away from Basingstoke were able to join in worship digitally. Considerable care was taken to ensure that those without internet access were kept fully in touch and cared for, and outreach and service to the community continued and indeed developed during the year.
## **FINANCIAL REVIEW**
During 2020 the regular offerings to the Church’s General Fund, excluding Gift Aid claimed, reduced by around 27% compared to 2019. The amount of Gift Aid claimed shows as zero due to a technical fault in claiming this. The value of this at around £7,611 was received in 2021. Overall, the total voluntary income increased due to legacies and a Gift Sunday.
Lettings reduced by over 67%. This was due to the COVID pandemic lockdowns where all activity stopped within the building other than mission work through the café.
Our general costs reduced by just over £12,000, in particular around repairs, maintenance and items needed within the church buildings. Our utilities and insurance costs reduced very slightly, due to a reduction in heating and lighting costs in particular.
At the end of the 2020 the General Income and Expenditure showed a deficit of £10,615, without legacies, as these are not a predicted income, however if these are included, we show a positive of £6,885, showing the importance of our members remembering us in their wills.
The ecumenical Community Café operated as normal in the first quarter of the year, however once the COVID lockdown was put into place they moved very quickly to a Meals on Wheels service for many who were shielding or had relied on lunchtime meal clubs for their main meal of the day. The income from this along with donations and grants to support this work covered the costs the running of this vital mission during 2020. This was a true work of ecumenical prayer and unity and we thank all those involved in giving up their time in 2020 to make the meals, deliver them to those who needed them and who provided funds to support those less financially able.
The Trustees’ policy is to retain six months expenditure as “free” reserves to cover future shortfalls in income or unexpected expense, in 2020 this was £11,036.
This report was approved by the Trustees’ on the 29[th ] November 2021 and is signed on its behalf by the Church Secretary, (Owen Collins)
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## **London Street United Reformed Church**
## **End of Year Financial Statements**
**Year ending 2020**
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## **ACCOUNTING POLICIES**
## **1a Basis of Accounting**
The financial statements have been prepared in accordance with the Statement of Recommended Practice for Accounting by Charities 2019 issued by the Charity Commission, and the United Reformed Church guidance.
London Street's financial statements are prepared using the receipts and payments basis.
The principal accounting policies set out below are applied consistently.
## **1b Fund Accounting**
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant. There are no endowment funds included within these accounts.
## **1c Tangible Fixed Assets**
Freehold property:
The Trustees of the church and manse buildings are the URC Wessex Synod Trust who hold them upon trust for purposes connected with London Street URC.
Expenditure incurred on the church and manse is written off in the year it is incurred.
Investment assets:
These are stated at mid-market values on the balance sheet date. Changes in valuation over the year are recognised in the Statement of Financial Activities.
## **1d Incoming Resources**
All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid are recognised as income when the donation is received, the tax recovery is recognised as income when the claim from HMRC is paid. Legacies are accounted for when received. All other income is generally recognised when it is received.
## **1e Resources Expended**
The URC Ministry & Mission Fund contribution is paid regularly and is included in the financial statements for the year to which it is paid.
Resources expended are recognised in the period to 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 production and independent scrutiny of these financial statements.
As most of the management and activity of the church is carried 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.
## **1f Taxation**
As part of the United Reformed Church, the church is an excepted charity within the meaning of the Taxes Acts. Accordingly, it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.
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## **1g Reserves**
The Elders have a policy to maintain sufficient unrestricted funds to pay for 6 months necessary expenditure and any legal obligations related to the employment of any paid staff. These reserves are held within the General and the Café Financing funds.
## **2 Funds**
## **2a Designated Funds**
The church operates seven Designated Funds with the encouragement of Church Meeting. A designated fund is nominally allocated to a specific purpose; however Church Meeting can decide to use the money in the fund for a different purpose if it wishes.
10% Fund - This fund is used to support the work of the wider United Reformed Church and local ecumenical initiatives. Payments are approved by Church Meeting.
Buildings Reserve Fund - This fund provides a reserve of money which can be used to maintain the Church and manse buildings. The Finance Committee transfers excess money from the General Fund into this fund at the end of each year. (Any donations made to this fund are restricted; see note 2b.)
Café Financing Fund - This fund is used for the fund-raising for Ecumenical Community Café which is being developed with other Churches in Basingstoke. The money is being raised to fund a paid Cook position and to ensure that the necessary facilities are available. The designated part of this fund is funded from the annual profits from the Café Trading fund. (For the restricted part, see note 2b.)
Café Trading Fund - This fund is used by the part-time café run by the Church as part of an ecumenical venture. Income is from the sale of simple food and drink and expenses are incurred to provide stock and kitchen equipment. This fund also provides a contribution towards the utilities and cleaning costs of the Church buildings; the amount is calculated based on usage of the Church buildings.
Fund-Raising Fund - This fund is used for the proceeds of Church fund-raising activities. Payments are made by Church Meeting to causes that the meeting votes to support. (Any donations received for specific causes are restricted; see note 2b.)
Minister's Discretionary Fund - This fund is used by the Minister. It contains a small reserve of money which the Minister can draw upon to support pastoral concerns that may be encountered during his/her day-to-day activities. The status of the fund is checked, when necessary, by Church Meeting and money transferred into it, from the General Fund, if necessary.
Premises Fund - This fund is used for the day-to-day running of the Church and Manse buildings. Servicing, insurance and other maintenance activities are included. At the end of each year, the Finance Committee transfers money from the General Fund into the Premises Fund so that the endof-year balance is £0.
## **2b Restricted Funds**
The church accounts include seven Restricted Funds, where the monies can only be used for the specific purpose for which they were entrusted to the church. These monies are not at the disposal of the Church Meeting for any other purpose and represent:
Buildings Reserve Fund - This fund provides a reserve of money which can be used to maintain the Church and manse buildings. The restricted part of this fund is used for donations made specifically to it. (For the designated part, see note 2a.)
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Café Financing Fund - This fund is used for the fund-raising for Ecumenical Community Café which is being developed with other Churches in Basingstoke. The money raised pays towards the Cook position and to ensure that the necessary facilities are available. The restricted part of this fund is used for donations made specifically to it. (For the designated part, see note 2a.)
Café Trading Fund - This fund was used in 2020 for the work done through the café during Covid 19 Pandemic. This fund also provides a contribution towards the utilities and cleaning costs of the Church buildings; the amount based on the grants received towards those costs.
Commitment For Life Fund - The church supports the central URC's Commitment For Life project. Money given to support this project is handled by this fund. There is a special Communion Collection to support this fund.
Fund-Raising Fund - This fund is used to handle donations made for specific causes which pass through the Church's accounts, e.g. Christian Aid. (For the designated part of this fund, see note 2a.)
Messy Church Fund – The Church runs a Messy Church, in partnership with All Saints Church, another Basingstoke town centre church, at London Street. This fund is used to handle donations towards its work.
Memory Tree Fund – A weekly support group for people with dementia, and their careers, is run at London Street. The church acts as its "bankers".
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## • **All lines are showing the £ figures only and are rounded down to the nearest £**
## • **Statement of Financial Activities**
|**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Incoming resources**
Incoming resources from generated funds
Voluntary income
Activities for generating funds
Investment income
Other incoming resources
Contra
**Total income**
**Resources used**
Costs of generating funds
Fundraising trading: cost of goods sold and other
costs
Investment management costs
Charitable activities
URC Ministry & Mission Fund
Ministerial costs
Costs of church activities
Grants payable and restricted donations passed on
Other resources used
Contra
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|£79,037
£11,551
—
£90,588
£71,680
£19,899
£19,721
—
£39,621
£44,618
£158
£24
—
£182
£442
—
—
—
—
—
—
—
—
—
—|
||**£99,095**
**£31,297**
**—**
**£130,392**
**£116,741**
£6,777
£6,494
—
£13,271
£12,146
£60
—
—
£60
£60
£36,357
—
—
£36,357
£33,780
£5,535
—
—
£5,535
£8,439
£40,593
£19,732
—
£60,325
£72,692
—
£2,655
—
£2,655
£108
—
—
—
—
—
—
—
—
—
—|
||**£89,323**
**£28,882**
**—**
**£118,205**
**£127,227**|
||**£9,772**
**£2,415**
**—**
**£12,187**
**(£10,485)**
£40,557
£788
—
£41,345
£30,267
(£35,094)
(£6,250)
—
(£41,345)
(£30,267)
—
—
—
—
—
—
—
—
—
—|
||**£15,235**
**(£3,047)**
**—**
**£12,187**
**(£10,485)**|
||**£81,971**
**£8,235**
**—**
**£90,206**
**£100,691**|
||**£97,206**
**£5,187**
**—**
**£102,394**
**£90,206**|
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_Page 8_
## **Balance sheet**
||**General Designated Restricted Endowment**
**This year**
**Last year**|
|---|---|
|**Current assets**
Debtors
Cash at bank and in hand
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
10% Reserve Fund
Buildings Reserve Fund
Cafe Trading Fund
Cafe Financing Fund
Premises Fund
Minister's Discretionary Fund
**Restricted**
Fund-Raising Fund
Cafe Trading Fund
Cafe Financing Fund
Commitment For Life Fund
Messy Church Fund
Memory Tree Fund
**Funds of the church**|£0
—
—
—
£0
£0
£11,036
£86,169
£5,187
—
£102,394
£90,206|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**
£11,036
—
—
—
£11,036
£10,915
—
£11,751
—
—
£11,751
£11,083
—
£48,067
—
—
£48,067
£32,621
—
£8,128
—
—
£8,128
£8,128
—
£18,125
—
—
£18,125
£19,081
—
—
—
—
—
—
—
£96
—
—
£96
£141
—
—
£248
—
£248
£1,373
—
—
£1,571
—
£1,571
—
—
—
£2,564
—
£2,564
£5,641
—
—
£314
—
£314
£754
—
—
—
—
—
£135
—
—
£488
—
£488
£330|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**|
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## **Statement of assets and liabilities**
||**General Designated Restricted Endowment**
**This year**
**Last year**|
|---|---|
|**Current assets - Cash at bank and in hand**
CAF Bank -
CAF Cheques -
CCLA COIF Deposit Account -
Petty Cash -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Grand total**|£24,490
£12,826
(£5,631)
—
£31,685
£19,920
£1,050
(£250)
£100
—
£900
£660
(£14,595)
£72,979
£11,281
—
£69,665
£69,482
£92
£613
(£562)
—
£143
£143|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**
£0
—
—
—
£0
£0|
||**£0**
**—**
**—**
**—**
**£0**
**£0**|
||**£11,036**
**£86,169**
**£5,187**
**—**
**£102,394**
**£90,206**|
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_Page 10_
## **Fund movement by type**
||**Opening**
**Incoming**
**Outgoing**
**TransfersGains/losses**
**Closing**|
|---|---|
|**General fund**
Unrestricted
**Sub-total for General Fund**
**10% Reserve Fund**
Designated
**Sub-total for 10 Percent Fund**
**Buildings Reserve Fund**
Designated
Restricted
**Sub-total for Buildings Reserve Fund**
**Fund-Raising Fund**
Designated
Restricted
**Sub-total for Fund Raising Fund**
**Cafe Trading Fund**
Designated
Restricted
**Sub-total for Café Trading Fund**
**Cafe Financing Fund**
Designated
Restricted
**Sub-total for Café Financing Fund**
**Premises Fund**
Designated
**Sub-total for Premises Fund**
**Commitment For Life Fund**
Restricted
**Sub-total for Commitment For Life Fund**
**Minister's Discretionary Fund**
Designated
**Sub-total for Ministers Discretionary Fund**
**Messy Church Fund**
Restricted
**Sub-total for Messy Church Fund**
**Memory Tree Fund**
Restricted
**Sub-total for Memory Tree Fund**
**Grand total**|£10,915
£86,936
£67,856
(£18,958)
—
£11,036|
||**£10,915**
**£86,936**
**£67,856**
**(£18,958)**
**—**
**£11,036**
£11,083
£2,036
£1,350
(£18)
—
£11,751|
||**£11,083**
**£2,036**
**£1,350**
**(£18)**
**—**
**£11,751**
£32,621
—
—
£15,446
—
£48,067
—
—
—
—
—
—|
||**£32,621**
**—**
**—**
**£15,446**
**—**
**£48,067**
—
—
—
—
—
—
£1,373
£7,544
£9,439
£769
—
£248|
||**£1,373**
**£7,544**
**£9,439**
**£769**
**—**
**£248**
£8,128
£10,122
£6,675
(£3,447)
—
£8,128
—
£19,721
£12,081
(£6,068)
—
£1,571|
||**£8,128**
**£29,844**
**£18,757**
**(£9,515)**
**—**
**£9,699**
£19,081
—
£50
(£905)
—
£18,125
£5,641
£3,369
£6,446
—
—
£2,564|
||**£24,722**
**£3,369**
**£6,496**
**(£905)**
**—**
**£20,690**
—
—
£13,346
£13,346
—
—|
||**—**
**—**
**£13,346**
**£13,346**
**—**
**—**
£754
£345
£785
—
—
£314|
||**£754**
**£345**
**£785**
**—**
**—**
**£314**
£141
—
£45
—
—
£96|
||**£141**
**—**
**£45**
**—**
**—**
**£96**
£135
£44
£128
(£51)
—
—|
||**£135**
**£44**
**£128**
**(£51)**
**—**
**—**
£330
£270
—
(£112)
—
£488|
||**£330**
**£270**
**—**
**(£112)**
**—**
**£488**|
||**£90,206**
**£130,392**
**£118,205**
**—**
**—**
**£102,394**|
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_Page 11_
## **Analysis of income and expenditure INCOME AND ENDOWMENTS**
## **Incoming resources from generated funds - Voluntary income**
|Freewill Envelopes
Loose (Not GASDS)
Loose (Gift Aid Small Donations
Scheme)
Direct to Bank
Direct to Treasurer
Gift Aid Tax Refunds
Church Mission
Church Discipleship
TLG
Legacies
Gifts In Memory
Commitment for Life Envelopes
Commitment for Life Donations
Communications Donations
Basingstoke Town Centre Chaplains
Messy Church Donations
Messy Church Donations (GASDS)
Messy Church Gift Aid
Memory Tree Donation
Heat & Light Donations
Cafe Donation
Cafe Regular Donation
Gift Sunday
Children’s Work
Youth Cafe
Little Angels
Flowers
Bible Society
Christmas Collection
Emergency Appeals
Donations (non LSURC)
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
£6,994
—
—
—
£6,994
£19,055
—
—
—
—
—
£39
£1,141
—
—
—
£1,141
£5,062
£38,930
—
—
—
£38,930
£27,339
£513
—
—
—
£513
£5,888
—
—
—
—
—
£4,115
—
—
—
—
—
£86
—
—
—
—
—
£121
—
£2,036
—
—
£2,036
£500
£17,500
—
—
—
£17,500
—
£180
—
—
—
£180
—
—
—
£300
—
£300
£303
—
—
£44
—
£44
£68
—
—
£6,800
—
£6,800
—
—
—
£133
—
£133
£120
—
—
—
—
—
£73
—
—
£44
—
£44
£137
—
—
—
—
—
£34
—
—
£270
—
£270
£689
£3,550
—
—
—
£3,550
£2,550
—
—
£800
—
£800
£148
—
—
£1,800
—
£1,800
£1,800
£7,755
—
—
—
£7,755
£375
£170
—
—
—
£170
—
—
—
£750
—
£750
£1,045
£265
—
—
—
£265
£1,128
—
—
—
—
—
£30
—
—
—
—
—
£205
—
—
£109
—
£109
£345
—
—
—
—
—
£227
—
—
£500
—
£500
£192|
|---|---|
||£77,001
£2,036
£11,551
—
£90,588
£71,680|
## **Incoming resources from generated funds - Activities for generating funds**
|Cafe Receipts
Sunday Coffee (morning)
Sunday Coffee (evening)
Catering Receipts
Risen Receipts
Cafe Meals on Wheels
Cafe Meals Donations
Lettings Rent
Church Fees
Fund Raising Coffee Mornings
Fund Raising Supper Club
Fund Raising Other Meals
Fund Raising Crafts Sales/Club
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
—
£4,879
—
—
£4,879
£19,047
—
£114
—
—
£114
£543
—
—
—
—
—
—
—
£3,814
—
—
£3,814
£1,540
—
£1,314
—
—
£1,314
—
—
—
£6,801
—
£6,801
—
—
—
£12,919
—
£12,919
—
£8,802
—
—
—
£8,802
£21,682
£669
—
—
—
£669
£410
—
—
—
—
—
£807
—
—
—
—
—
£150
£173
—
—
—
£173
£136
£131
—
—
—
£131
£301|
|---|---|
||£9,777
£10,122
£19,721
—
£39,621
£44,618|
## **Incoming resources from generated funds - Investment income**
|Bank Interest
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
£158
—
£24
—
£182
£442|
|---|---|
||£158
—
£24
—
£182
£442|
|**INCOME TOTAL**|£86,936
£12,158
£31,297
—
£130,392
£116,741|
_Registered Charity 1130801_
_Page 12_
## **EXPENDITURE**
## **Costs of generating funds - Fundraising trading: cost of goods sold and other costs**
|Cafe Provisions
Catering Costs
Risen Provisions
Cafe Meals on Wheels
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
£40
£3,788
—
—
£3,828
£11,367
—
£2,794
—
—
£2,794
£779
—
£154
—
—
£154
—
—
—
£6,494
—
£6,494
—|
|---|---|
||£40
£6,736
£6,494
—
£13,271
£12,146|
## **Costs of generating funds - Investment management costs**
|Bank Charges
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
£60
—
—
—
£60
£60|
|---|---|
||£60
—
—
—
£60
£60|
## **Charitable activities - URC Ministry & Mission Fund**
The church contributes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension contributions and other benefits for ministers), running the denomination, and the wider mission of the national church.
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|Ministry and Mission|£36,357|—|—|—|£36,357|£33,780|
|Total|£36,357|—|—|—|£36,357|£33,780|
|**haritable activities - Ministerial costs**|||||||
||||||**Total**||
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|Minister's Telephone|£302|—|—|—|£302|£698|
|Manse Water|(£48)|—|—|—|(£48)|£191|
|Manse Council Tax|£741|—|—|—|£741|£2,340|
|Manse Repairs / Maintenance|—|£1,042|—|—|£1,042|—|
|Printing (Minister)|£289|—|—|—|£289|£392|
|Minister's Expenses|£657|—|—|—|£657|£2,038|
|Minister's Car Allowance|£1,024|—|—|—|£1,024|£1,024|
|Mileage (Minister)|£1,526|—|—|—|£1,526|£1,753|
|Total|£4,493|£1,042|—|—|£5,535|£8,439|
## **Charitable activities - Ministerial costs**
_Registered Charity 1130801_
_Page 13_
## **Charitable activities - Costs of church activities**
For the reasons stated in Accounting Policy note 1c, the church and manse buildings are not tangible fixed assets of the church. For insurance purposes the church buildings are insured by the church for £7,319,123. The church contents are insured by the church for £235,558. The organ is insured for £212,005. The manse is insured by the Wessex Synod of the United Reformed Church.
|Church Mission
Church Discipleship
TLG
Communications Officer
Communications Costs
Messy Church
Memory Tree
Church Electricity
Church Gas
Church Telephone
Church Water
Church Insurance
Church Repairs / Maintenance
Church Fabric & Fittings
Church Boiler Service
Church Lift Service
Church Organ Service
Church Fire Extinguisher
Church Kitchen Equipment
Cleaners Wages
Cafe Wages
NI - Employee
PAYE
Cleaning Supplies
Printing (Non Minister)
Administration
Reform Subscriptions
Data Protection Register
One Church Subscription
TV Licence
PRS Licence
CCL Licence
MRL Licence
PPL Licence
CVL Licence
CLA Church Licence
Other Licences
Cafe Kitchenware
Pulpit Supply
Mileage (Non Minister)
Musician Fees
Secretary's Expenses
Treasurer's Expenses
Pastoral
Children’s Work
Youth Cafe
Little Angels
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
£975
—
—
—
£975
£950
£200
—
—
—
£200
£660
—
£1,350
—
—
£1,350
—
—
—
£6,617
—
£6,617
—
—
—
£69
—
£69
—
—
—
£128
—
£128
£193
—
—
—
—
—
£180
£5,146
—
—
—
£5,146
£6,672
£5,662
—
—
—
£5,662
£5,333
£48
—
—
—
£48
£83
£1,328
—
—
—
£1,328
£559
—
£6,412
—
—
£6,412
£6,477
—
£3,464
—
—
£3,464
£7,689
—
£115
—
—
£115
£6,663
—
£1,051
—
—
£1,051
£1,238
—
£761
—
—
£761
£892
—
£350
—
—
£350
—
—
£147
—
—
£147
£201
—
—
—
—
—
£1,525
£7,163
—
—
—
£7,163
£10,072
—
—
£11,642
—
£11,642
£13,379
£24
—
£550
—
£574
£127
£493
—
£457
—
£950
£1,000
£1,286
—
—
—
£1,286
£1,637
£1,104
—
—
—
£1,104
£1,004
£771
£65
£107
—
£945
£528
£44
—
—
—
£44
£276
£35
—
—
—
£35
£35
£200
—
—
—
£200
—
£157
—
—
—
£157
£154
£36
—
—
—
£36
£70
£69
—
—
—
£69
£132
£34
—
—
—
£34
£66
—
£73
—
—
£73
£71
£82
—
—
—
£82
£157
£39
—
—
—
£39
£66
£290
—
—
—
£290
—
—
(£150)
—
—
(£150)
£274
£90
—
—
—
£90
£270
£21
—
—
—
£21
£108
£520
—
—
—
£520
£1,720
£20
—
—
—
£20
£36
£236
—
—
—
£236
—
£190
£45
—
—
£235
£553
£157
—
—
—
£157
£251
—
—
£158
—
£158
£112
£474
—
—
—
£474
£1,261|
|---|---|
||£26,906
£13,687
£19,732
—
£60,325
£72,692|
## **Charitable activities - Grants payable and restricted donations passed on**
|10% Fund Payments
Commitment for Life Payments
Basingstoke TC Chaplains Payment
Christian Aid
Bible Society
Christmas Collection
Donations
Total|**Total**
**Unrestricted Designated Restricted**
**Endowment This year**
**Last year**
—
—
—
—
—
—
—
—
£785
—
£785
—
—
—
£300
—
£300
—
—
—
£143
—
£143
—
—
—
£205
—
£205
—
—
—
£552
—
£552
—
—
—
£668
—
£668
£108|
|---|---|
||—
—
£2,655
—
£2,655
£108|
|**EXPENDITURE TOTAL**|£67,856
£21,466
£28,882
—
£118,205
£127,227|
|||
|**GRAND TOTAL**|£19,080
(£9,307)
£2,415
—
£12,187
(£10,485)|
_Registered Charity 1130801_
_Page 14_
## **Fund Transfers**
## **Income / Expenditure Summary**
This note shows the balance between unrestricted income and expenditure, and the Premises Fund costs. A negative “Total” indicates a running deficit during the year. (Legacies are excluded as their receipt is unpredictable.)
|||**2020**|**2019**|
|---|---|---|---|
|General Fund Income|*|81,415|84,349|
|General Fund Expenditure||- 89,323|-74,586|
|Premises Fund Expenditure|**|- 13,346|-17,691|
|_Sub Total_||_-21,254_|_-7,928_|
|Transfers to General Fund (Running Costs)|***|10,639|6,559|
|**Total**|********|**-10,615**|**-1,369**|
Excludes legacies and gifts in memory.
* 2020 Freewill offerings, including Gift Aid claimed, £47,578, (2019 £71,498, 2018 £58,867, 2017 £ 54,686
** Premises Fund expenditure only included essential maintenance and repairs,
*** Donations and charges for utility, cleaning and administration costs received from other funds.
**** This shows a negative balance in 2020 0F (10,615), however if no delay in receiving gift aid due, this would be a positive of around £2,000. 2019 a negative (£1,369) and in 2018 of £25,529, which includes £19,786 for Gift Sunday
_Registered Charity 1130801_
_Page 15_
## **TREASURER'S STATEMENT**
I have prepared the financial statements, on pages 5 to 15, for the year ended 31 December 2020.
(name) (signature) (date)
## **INDEPENDENT EXAMINER'S REPORT**
I report on the financial statements of London Street URC for the year ended 31 December 2020, which are set out on pages 5 to 15.
## **Respective responsibilities**
The church is responsible for the preparation of the financial statements and considers that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.
## **Basis of Independent Examiner's report**
My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent Examiner's statement**
In connection with my examination of the church funds, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed by the Independent Examiner:
date:
Mrs Gillian Craft 26 Foyle Park Basingstoke Hampshire RG21 3HD
_Registered Charity 1130801_
_Page 16_