**Charity Registration No. 1131346** **Company Registration No. 05992717 (England and Wales)** ## **ROSSLYN HILL UNITARIAN CHAPEL** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr L Cole Ms T J Morrison Mr E Wagner Mr J H Bell (Appointed 15 March 2020) Mr M P Macy (Appointed 15 March 2020) Mr J L Evans (Appointed 15 March 2020) Ms K J Torgan (Appointed 14 May 2020) Ms D E S Frankel (Appointed 9 April 2020) Ms A K Bybee **Charity number** 1131346 **Company number** 05992717 **Registered office** 3 Pilgrims Place London NW3 1NG **Independent examiner** Shaw Gibbs Limited 264 Banbury Road Oxford OX2 7DY **Bankers** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing ME19 4TA NatWest Bank Plc 106 Finchley Road London NW3 5JA ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Statement of trustees' responsibilities|4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7 - 8| |Notes to the financial statements|9 - 18| ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ The trustees present their report and financial statements for the year ended 30 September 2020. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016) ## **Objectives and activities** The principal activity of the charity is to unite for worship, and to foster liberal religious living through study, service and fellowship. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Public Benefit** We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future services. In particular the board of trustees consider how our planned services will contribute to the aims and objectives they have set. ## **Achievements and performance** In 2013, the Chapel sold the Willoughby Road site and invested £800,000 of the proceeds into M&G's Charifund. The fund has performed satisfactorily, rising to £1,334,689 over the course of the 2019 financial year. However, the fund has fallen to £1,070,903 during the year ended 30 September 2020. The balance of the Willoughby Road site sale is still being held in two current accounts until a final decision is made on how to develop the hall. Further, as a result of a higher than expected sale by the Developers of the Willoughby Road site, the Chapel received an additional payment of £70,000 during 2016. ## **Financial review** The Statement of Financial Activities shows cash income for the year of £249,499 and investment income of £111. Total expenditure excluding depreciation of £279,136 was incurred over the year, implying a net operating cash deficit of £29,526 (2019: deficit of £4,906). Despite this, the present level of funding is adequate to continue to support the running of the charity for the year ahead. The bulk of the funds will be replenished three times (on a termly basis) by our licensees who use our premises for their schools. Other sources of income include events, car parking, Chapel membership, monthly giving and donations. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **Risk management** The Board is tasked with regularly reviewing the major risks which the charity faces and undergoing an annual review of key financial systems, to ensure that sufficient resources can be provided for our operating budget and in the event of adverse conditions. The Board believes that maintaining reserves at near current levels, combined with an annual review of the controls over key financial systems, should provide sufficient resources in most circumstances. The Board has also examined other operational and business risks faced by the charity and confirms that the charity has established systems that should suffice to mitigate the most significant risks. - 1 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **Plans for the future** The Board of Trustees reviewed development plans and agreed to put them on hold to focus on activities aligned with our charitable purpose. A new minister joined the congregation bringing fresh impetus to activities and outreach. At its annual Away Day, the Trustees agreed a plan to 2025 focusing on congregational growth in terms of membership and activities, increased social action and outreach. Planning started to improve the Hall with a new kitchen and plans for toilets. An estates group was established to identify and implement further improvements to the buildings to support our activities. ## **Governing Document** Rosslyn Hill Unitarian Chapel (the charity) was incorporated as a company Limited by Guarantee on 8th November 2006 (Company Registration Number: 05992717) and is governed by its Memorandum of Association and its Articles of Association. The charity was registered by the Charity Commission as a charity in England on 25 August 2009. The Rosslyn Hill Unitarian Chapel had been constituted under a declaration of trust of the "1862 Indenture" as varied by the Constitution of 1996. The charity is a Member of The British and Foreign Unitarian Association (Incorporated); a charity registered in England: 255205 and The General Assembly of Unitarian and Free Christian Churches; a charity registered in England 250788. ## **Trustees** The trustees, who are also the directors for the purpose of company law, and who served during the year were: A K Bybee J H Bell (appointed 15 March 2020) L Cole J L Evans (appointed 15 March 2020) D E S Frankel (appointed 9 April 2020) M P Macy (appointed 15 March 2020) T J Morrison K J Torgan (appointed 14 May 2020) E Wagner S Begum (resigned 15 March 2020) A S Harrabin (resigned 15 March 2020) S Edwards (resigned 15 March 2020) A R K Jurczynski (resigned 15 March 2020) ## **Appointment, induction & training of Trustees** All members are circulated prior to the AGM advising them of the retiring trustees and requesting nominations for new trustees at the AGM. When considering co-opting trustees, the Board has regard to the requirement for any specialist skills needed. New trustees are encouraged to undergo orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU). The company's current policy concerning the payment of trade creditors is to: - settle the terms of payment with suppliers when agreeing the terms of each transaction; - ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and - pay in accordance with the company's contractual and other legal obligations. - 2 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **Organisation** The charity is organised so that the trustees meet regularly to manage its affairs. There are two part time administrative officers one who manages the day-to-day activities, the other finance activities, one full-time minister Rev Kate Dean, two part-time caretaking employees and three self-employed professionals, one for salary/finance admin, another the director of music, and lastly choir master. ## **Investment Powers** The Memorandum of Association authorises the directors to make and hold investments using the general funds of the charity. ## **Statement of trustees' responsibilities** The trustees, who are also the directors of Rosslyn Hill Unitarian Chapel for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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. The trustees' report was approved by the Board of Trustees. > Tanya Morrison (Apr 7, 2021, 2:34pm) **Ms T J Morrison** Trustee Dated: 28 March 2021 - 3 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ The trustees, who are also the directors of Rosslyn Hill Unitarian Chapel for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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. - 4 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF ROSSLYN HILL UNITARIAN CHAPEL** I report to the trustees on my examination of the financial statements of Rosslyn Hill Unitarian Chapel (the charity) for the year ended 30 September 2020. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 07 Apr 2021 ## Samantha Daniels Samantha Daniels (Apr 7, 2021, 2:47pm) Samantha Daniels FCA for any on behalf of Shaw Gibbs Limited 264 Banbury Road Oxford OX2 7DY - 5 - ROSSLYN HILL UNITARIAN CHAPEL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 Unrastricted Rastricted Endowmont funds funds funds 2020 2020 2020 Total Unrestricted Restricted Endowment funds fLJnds funds 2019 2019 2019 Total 2020 2019 Notes Voluntary income Charitable activities Investments Government grants 244,806 244,806 2,561 111 2,132 289,318 289,318 2,561 111 170 170 2,132 Totsl Income and endowments 246.938 2,561 111 249,610 289,318 170 289,488 Charitsble activities 230,585 64,907 295,492 213,458 97,299 310,757 Nel galnslllossesl on Investments 10 182,5471 1181,2391 1263,7861 16,562 52,402 68,964 Nèt movement in funds 166,1941 2,561 1246,0351 1309,6681 92,422 144,7271 47,695 Fund balances al 1 October 2019 857,186 1,886 917,023 1,776,095 764,764 1,886 961,750 1,728,400 Fund balances at 30 September 2020 790,992 4,447 670,988 1,466,427 857,186 1,886 917.023 1,776,095 Thg Statement of financial aclivilios includes all gains and Iossgs rgcognisgd in the year. All income and expenditure derive from continuing activities. ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **BALANCE SHEET** ## _**AS AT 30 SEPTEMBER 2020**_ |**Notes**
**Fixed assets**
Tangible assets
**11**
Investments
**12**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Capital funds**
Endowment funds-general
General endowment funds
Expendable endowment
**15**
**Income funds**
Restricted funds
Unrestricted funds
Designated funds
**16**
General unrestricted funds|**2020**
**£**
**£**
163,087
1,070,904
1,233,991
291,318
(58,882)
232,436
1,466,427
670,988
670,988
670,988
670,988
4,447
212,500
578,492
790,992
1,466,427|**2019**
**£**
**£**
179,443
1,334,689
1,514,132
325,267
(63,304)
261,963
1,776,095
917,023
917,023
917,023
917,023
1,886
212,000
645,186
857,186
1,776,095|**2019**
**£**
**£**
179,443
1,334,689
1,514,132
325,267
(63,304)
261,963
1,776,095
917,023
917,023
917,023
917,023
1,886
212,000
645,186
857,186
1,776,095| |---|---|---|---| ||||1,514,132
261,963| ||||1,776,095| ||||917,023
1,886
857,186| ||||1,776,095| - 7 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **BALANCE SHEET (CONTINUED)** ## _**AS AT 30 SEPTEMBER 2020**_ The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2020. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 28 March 2021 ## Ms T J MorrisonTanya Morrison (Apr 7, 2021, 2:34pm) **Trustee** ## **Company Registration No. 05992717** - 8 - **BALANCE SHEET (CONTINUED)** _**AS AT 30 SEPTEMBER 2020**_ ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **1 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets 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 the revision and future periods where the revision affects both current and future periods. ## **2 Accounting policies** ## **Charity information** Rosslyn Hill Unitarian Chapel is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Pilgrims Place, London, NW3 1NG. ## **2.1 Accounting convention** The accounts have been prepared in accordance with the charity's Articles of Association and Standing Orders, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **2.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **2.3 Charitable funds** ## **Endowment Funds** The income of the endowment funds comprises interest received from high interest bank accounts and treasury stock. Expenditure relating to the major works to the manse and the chapel have been charged to the endowment fund. Proceeds from sale of land are regarded as an addition to the endowment fund. ## **Unrestricted funds** Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the management committee for particular purposes. ## **Restricted funds** Restricted funds arise from donations from the minister, Kate Dean and are subject to specific conditions as to how they may be used. - 9 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **2 Accounting policies** ## **(Continued)** ## **2.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income from the rental of space is recognised at the point of hire. Revenue received for hire bookings post year end is recognised within deferred income. ## **2.5 Resources expended** Resources expended are included in the statement of financial activities on an accrual basis, inclusive of any VAT, which cannot be recovered. Expenditure, which is directly attributable to specific activities, has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources. ## **2.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Improvements to Buildings 5% Straight line Piano 25% Straight line Furniture and equipment 25% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **2.7 Fixed asset investments** Investments are stated at market value. Realised and unrealised gains and losses are shown in the statement of financial activities. ## **2.8 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 of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 10 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **2 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **2.9 Employee benefits** The cost of any 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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **2.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2.11 Cost of generating funds** These costs include salaries, direct expenditure and overhead costs of the staff who promote fundraising including events. ## **3 Charitable activities** ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |Other income|2,561|-| - 11 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **4 Voluntary income** |**2020**
**£**
Membership subscriptions
19,593
Legacies receivable
5,757
Sundry donations
4,383
Gift aid
2,520
Rentals
1,285
Dance academy
14,051
Academy School
165,398
Car parking
21,250
Concerts and other income
10,569
244,806
**5**
**Government grants**
**Unrestricted**
**funds**
**2020**
**£**
HMRC Job Retention Scheme
2,132
**6**
**Investments**
**2020**
**£**
Interest receivable
111|**2020**
**£**
19,593
5,757
4,383
2,520
1,285
14,051
165,398
21,250
10,569
244,806|**2019**
**£**
19,987
9,552
1,179
6,241
2,095
19,402
189,119
19,265
22,478| |---|---|---| |||289,318| |||| |||| |||Total
2019
£
-| |||general
2019
£
170| - 12 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **7 Charitable activities** |Staff costs
Church management and administration
Choir expenses
Wedding, Baptisms and funerals
Organ expenses
Subscriptions to GLA and LDPA
Minister's expenses
Children church
Independent examination/audit fees
Endowment funds|**2020**
**£**
122,211
86,808
4,500
1,659
2,585
3,675
1,027
3,140
4,980
64,907
295,492
295,492|**2019**
**£**
97,223
90,386
4,500
1,435
6,781
4,669
2,011
2,073
4,380
97,299| |---|---|---| |||310,757| |||310,757| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **9 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2020**
**Number**
5
**2020**
**£**
109,873
6,006
6,332
122,211|**2019**
**Number**
5| |---|---|---| |||**2019**
**£**
87,963
3,482
5,778| |||97,223| Included within Government Grants is a £2,132 Covid-19 Job Retention Scheme grant. - 13 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **10 Net gains/(losses) on investments** |**Unrestricted Endowment**
**Total** Unrestricted Endowment
**funds**
**funds**
funds
funds
**general**
general
**2020**
**2020**
**2020**
2019
2019
**£**
**£**
**£**
£
£
Revaluation of
investments
(82,547)
(181,239)
(263,786)
16,562
52,402
**11**
**Tangible fixed assets**
**Improvements**
**to Buildings**
**Piano Furniture and**
**equipment**
**£**
**£**
**£**
**Cost**
At 1 October 2019
322,397
14,000
42,496
At 30 September 2020
322,397
14,000
42,496
**Depreciation and impairment**
At 1 October 2019
143,684
14,000
41,766
Depreciation charged in the year
16,120
-
236
At 30 September 2020
159,804
14,000
42,002
**Carrying amount**
At 30 September 2020
162,593
-
494
At 30 September 2019
178,713
-
730
**12**
**Fixed asset investments**
**Endowment**
**Unrestricted**
**Unlisted**
**investments**
**£**
**£**
**£**
**Cost or valuation**
At 1 October 2019
917,023
417,666
1,334,689
Valuation changes
(181,239)
(82,547)
(263,786)
Transfers
(64,796)
64,796
-
At 30 September 2020
670,988
399,915
1,070,903
**Historical cost**
At 30 September 2020
800,000
At 30 September 2019
800,000|Total
2019
£
68,964
**Total**
**£**
378,893
378,893
199,450
16,356
215,806
163,087
179,443
**Total**
**£**
1,334,689
(263,786)
-
1,070,903| |---|---| - 14 - ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ |**13**
**Creditors: amounts falling due within one year**
**Notes**
Deferred income
**14**
Other creditors
Accruals
**14**
**Deferred income**
Other deferred income|**2020**
**£**
51,666
2,616
4,600
58,882
**2020**
**£**
51,666|**2019**
**£**
56,515
2,489
4,300| |---|---|---| |||63,304| |||**2019**
**£**
56,515| - 15 - ROSSLYN HILL UNITARIAN CHAPEL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020 15 Endowment funds Endowment funds represent assets which musl be held permanently by the charity. Income arising on the endowrnent funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of Ihe fund. Movament In lunds Re80urc85 Transf8r8 Galns1108888 expondod Movemant In funds R8sourc08 Tran8fer8 Galn811088e8 frxp8nded Balance at 1 Octobor 2018 Incomlng r88ourcoS Balance at l Octob8r 2019 Incomlng r680urc88 8818nce at 30 Sopt8mbor 2020 Expendable endowments Endowment Funds 961.750 170 197.2991 52,402 917,023 164,9071 1181,2391 670,988 961,750 170 197,2991 52,402 917,023 164,9071 1181,2391 670,988 Endowment funds comprise capital and accumulated income, which is available for the general purposes of the charity. 16- ROSSLYN HILL UNITARIAN CHAPEL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020 16 Designated funds The income funds of the charity include the following designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes.. Movemont In funds In¢omlng Resoyrces Balance a¢ oxpvnd#il l O¢tobvr 2019 Movement In funds Incornlng Re¥our¢es BalanGg at •xpgnd•d 30 S#p¢emb*r 2020 Balan¢e at 1 OGtobgr 2018 Piano Fund Protected Capitsl Property Fund 12.000 200,000 12,000 200,000 500 12,500 200,000 212,000 212,000 500 212,500 17 Analys18 of net a8sets between funds Unrestrlcted Restrlcted Endowment Fund8 funds Funds 2020 2020 2020 Total Unreslricled Reslricled Endowment Funds funds Funds 2019 2019 2019 Total 2020 2019 Fund balances al 30 September 2020 are represented by.. Tangible assets Invgslments Current assetsllliabililiesl 1fj3.087 399.915 227,990 163,087 670,988 1,070,903 232,437 179,443 420,374 261,963 179,443 914,315 1,334,689 261,963 4,447 790,992 4,447 670,988 1,466,427 861,780 914,315 1,776,095 17- ## **ROSSLYN HILL UNITARIAN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_ ## **18 Chapel properties** The ownership of the freehold land and chapel, manse, hall and Pilgrim's Place Cottages, together with the congregational contents therein was vested in the Chapel's Holding Trustees until 14 February 2007, when they were transferred to the charity. The chapel was originally constituted under the "1862 Indenture"; reliable cost information is not available and conventional valuation approaches would lack sufficient reliability. The Trust Deed imposes an obligation to retain the properties indefinitely and prohibits their disposal without external consent. ## **19 Limited by Guarantee** Rosslyn Hill Unitarian Chapel is incorporated as a Company limited by guarantee without share capital, as from 8th November 2006. Members guarantee to contribute an amount not exceeding £1 each, to the assets of the Charitable Company in the event of winding up. - 18 - **Issuer** Shaw Gibbs **Document generated** Tue, 6th Apr 2021 8:41:30 BST **Document fingerprint** 9fe2bffafec1c77df05f906e7ec96dcd ## **Parties involved with this document** |**Document processed**|**Party + Fingerprint**| |---|---| |Wed, 7th Apr 2021 14:34:11 BST|Tanya Morrison - Signer (a520ebf0dd2cba0fb61fe45ce776b7f3)| |**Audit history log**|| |**Date**|**Action**| |Wed, 7th Apr 2021 14:34:11 BST|The envelope has been signed by all parties. (86.189.137.45)| |Wed, 7th Apr 2021 14:34:11 BST|Tanya Morrison signed the envelope. (86.189.137.45)| |Wed, 7th Apr 2021 14:33:01 BST|Tanya Morrison viewed the envelope. (86.189.137.45)| |Wed, 7th Apr 2021 14:32:49 BST|Tanya Morrison opened the document email. (86.189.137.45)| |Tue, 6th Apr 2021 8:44:38 BST|Document emailed to tanyajmorrison@gmail.com (3.8.16.74)| |Tue, 6th Apr 2021 8:44:38 BST|Sent the envelope to Tanya Morrison (tanyajmorrison@gmail.com) for| ||signing. (89.197.20.206)| |Tue, 6th Apr 2021 8:43:49 BST|Tanya Morrison has been assigned to this envelope (89.197.20.206)| |Tue, 6th Apr 2021 8:41:49 BST|Document generated with fingerprint 9fe2bffafec1c77df05f906e7ec96dcd| ||(89.197.20.206)| |Tue, 6th Apr 2021 8:41:30 BST|Envelope generated by Kim Gray (89.197.20.206)| **Issuer** Shaw Gibbs **Document generated** Wed, 7th Apr 2021 14:45:30 BST **Document fingerprint** acbe8808076f930978997bbbc1486f60 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 7th Apr 2021 14:47:57 BST Samantha Daniels - Signer (18719230f6aff7237ec6268ab6fd2ecb) **Audit history log Date Action** Wed, 7th Apr 2021 14:47:57 BST The envelope has been signed by all parties. (89.197.20.206) Wed, 7th Apr 2021 14:47:57 BST Samantha Daniels signed the envelope. (89.197.20.206) Wed, 7th Apr 2021 14:47:11 BST Samantha Daniels viewed the envelope. (51.11.123.219) Wed, 7th Apr 2021 14:46:59 BST Samantha Daniels viewed the envelope. (89.197.20.206) Wed, 7th Apr 2021 14:46:33 BST Document emailed to samantha.daniels@shawgibbs.com (3.10.214.34) Wed, 7th Apr 2021 14:46:33 BST Sent the envelope to Samantha Daniels (samantha.daniels@shawgibbs.com) for signing. (89.197.20.206) Wed, 7th Apr 2021 14:45:57 BST Samantha Daniels has been assigned to this envelope (89.197.20.206) Wed, 7th Apr 2021 14:45:40 BST Document generated with fingerprint acbe8808076f930978997bbbc1486f60 (89.197.20.206) Wed, 7th Apr 2021 14:45:30 BST Envelope generated by Kim Gray (89.197.20.206)