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2022-09-30-accounts

COMPANY REGISTRATION NUMBER: 05992717 CHARITY REGISTRATION NUMBER: 1131346

Rosslyn Hill Unitarian Chapel Company Limited by Guarantee Unaudited Financial Statements 30 September 2022

A. I. GROMAN FCA Groman and Company Chartered Accountant and Independent Examiner 5 Violet Hill St. John's Wood London NW8 9EB

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2022

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2022.

Reference and administrative details

Registered charity name Rosslyn Hill Unitarian Chapel Charity registration number 1131346 Company registration number 05992717 Principal office and registered 3 Pilgrims Place office London NW3 1NG

The trustees

Mr AC Appleyard (Appointed 20 March 2022) Ms EE Harrison (Appointed 20 March 2022) Mr R Mason (Appointed 20 March 2022) Ms L Cole (Resigned 20 March 2022) Mr E Wagner Mr JH Bell Mr MP Macy Mr JL Evans Ms DES Frankel Ms AK Bybee Independent examiner A.I. Groman FCA Groman and Company Chartered Accountant and Independent Examiner 5 Violet Hill St. John's Wood London NW8 9EB

Structure, governance and management

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.

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2022

The trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr AC Appleyard (Appointed 20 March 2022) Ms EE Harrison (Appointed 20 March 2022) Mr R Mason (Appointed 20 March 2022) Mr L Cole (Resigned 20 March 2022) Mr E Wagner Mr JH Bell Mr MP Macy Mr JL Evans Ms DES Frankel Ms AK Bybee

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:

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, and a PT caretaker was employed for part of the year. We also have two self-employed professionals, one for salary/finance admin, another the director of music, and 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

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2022

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:

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.

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 with a value of £1,348,055 at the year end. As custodians of a site including a Grade II listed Chapel and Cottages we intend to use these monies to maintain and improve the fabric and contents of the property as well as as support the activities of the congregation and the local community both now and in the future.

In line with our Unitarian principles of open-minded spiritual enquiry, commitment to inclusive community building and active social outreach, the Chapel continued to offer weekly worship services throughout the year in person, with Sunday morning services also available online. In addition, the Minister offered a series of monthly workshops to serve the congregation and local community as well as introducing a monthly toddler group and a monthly Death Cafe to discuss end of life matters. Members and volunteers continued to maintain the Chapel's partnership with C4WS to run a temporary homeless shelter offsite, which had previously been hosted in our Hall, due to the pandemic.

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Rosslyn Hill Unitarian Chapel Company Limited by Guarant88 Trustees. Annual Report (Incorporating the Dlr8ctor's Report) Year ended 30 September 2022 Flnanclal revlew The accounts have been prepared in accordance with the accounling policles set out in note 2 to the accounts and comply with Ihe charity's governing document, the Companies Act 2006 and 'A¢coLJnting and Reporting by Ch8rili8s.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in tho UK and Fiepublic of Ireland IFRS 1021" las amtsndtsd for a¢¢ountlng pariods commencing frorn 1 January 20161 The Statement of Financial Activities shows income lor the year of £299,948 and endowment incom6 of £370. Total expenditure of £525,072 was incurrèd over the year, resulting in a nel operating delicil of £224.75412Q21'. surplus of £18,514). The expenditurè included £282, 107 for major works. The lolal charity funds al year end amounted lo £1.537,33912021 £1,849,653). The present level of funding is adequalo to continue lo support the running of the charity for the year ahead. Th& bulk of the funds will be replenished three lirnes lon a lermly basis) by our licensee8 who Use our premises lor their schools. Other sources of income include children holiday camps, events, car parking, Chapel m8mbership, weddings, mernorial seNices, monthly giving and donations. 11 is the policy of the charity that unrestri¢led funds whlch havè not been designated for a specif1C Usg should be maintained al a level equivalent to belween three and six month's 8xp8ndllure. Thg Iruslogs considers that reserves al this level will ensure that. in the event ol a significant drop In funding. they will be able lo conlinug the charity's currenl aclivilles whlle consideration is given lo way5 in which additional funds may be raised. This1ev81 of reserves has been m8inlainod throughout the year. Rlsk managomont The Board is tasked with règularly revlewlng the major risks whlch Ihg charfly faces and undergoing an annual review of key financial systems, lo ensure that sufficignl resources can be provided lor our QP8raling budget and in Ihe event ol advers8 conditions. Thè Board bellevgs Iliat maintaining reserves al near currgnl levels, combined with an annual review ol the controls over key linancial systèrns, should provide sufficient resources in most circumstances. Th8 Board has a150 examined other operational and business risks laced by the charity and confirms that the charity has established systems that should suffice ID mitigate the most signlficanl rlsks. Small company provlslon8 This report has beon prepared in accordance with the provisions applicable lo companies enlilled lo th6 small companies exemption. The trustees. annual Teport was approved on o￿LI.....[ T ? Iruslges by.. and signed on behalf of the board ol Ms AK Bybee Trustee

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Rosslyn Hill Unitarian Chapel

Year ended 30 September 2022

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 2022.

Responsibilities and basis of report

As the trustees of the company (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 accounts of the company 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 accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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:

  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 accounts to be reached.

A.I. Groman FCA Independent Examiner Groman and Company Chartered Accountant and Independent Examiner 5 Violet Hill St. John's Wood London NW8 9EB

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2022

2022 2022 2021
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Note
£		 £ £ £ £
Income and endowments
Donations and legacies 5
27,677		 – – 27,677 24,543
Charitable activities 6
272,271		 – – 272,271 235,447
Investment income 7
–		 – 370 370 29
-------------------------------- -------------- -------------- -------------------------------- --------------------------------
Total income 299,948 – 370 300,318 260,019
================================ ============== ============== ================================ ================================
Expenditure
Expenditure on
charitable activities 8,9
242,965		 – 282,107 525,072 241,505
-------------------------------- -------------- -------------------------------- -------------------------------- --------------------------------
Total expenditure 242,965 – 282,107 525,072 241,505
================================ ============== ================================ ================================ ================================
-------------------------------- -------------- -------------------------------- -------------------------------- --------------------------------
Net (expenditure)/income 56,983 – (281,737) (224,754) 18,514
================================ ============== ================================ ================================ ================================
Other recognised gains and losses
Other gains/(losses) user
defined 1 (36,547) – (51,013) (87,560) 364,712
-------------------------------- -------------- -------------------------------- -------------------------------- --------------------------------
Net movement in funds 20,436 – (332,750) (312,314) 383,226
Reconciliation of funds
Total funds brought forward 1,009,132 4,117 836,404 1,849,653 1,466,427
----------------------------------------- ----------------------- -------------------------------- ----------------------------------------- -----------------------------------------
Total funds carried forward 1,029,568 4,117 503,654 1,537,339 1,849,653
========================================= ======================= ================================ ========================================= =========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 16 form part of these financial statements.

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Rosslyn Hill Unitarian Chapel Company Limited by Guarantee Statement of Financial Posltlon 30 September 2022 2022 2021 Not• Flxed a55ets Tangible fixed assets Investments 14 130,353 15 1,348,055 148.724 1,435,615 1.478,408 1.582,339 Curr•nt •$$èts Cash at bank and in hand 150,059 341,411 N•t currgnt a$$gls 150,059 341,411 Total asstrt$ le$s Current Ilabllltl*$ 1,628,467 1.923,750 Crèdltors: amounts falllng du• aft•r mor• than on• year N•t assots 16 191,1281 1.537,339 174,0971 1,849,653 Funds of the Char Endowment funds Rgstricted funds Unreslrtcled funds 503,654 4,117 1.029,568 1,537.339 836,404 4,117 1.009,132 Total ¢harlty funds 19 1,849,653 For the year endlng 30 September 2022 the charity was enlilled lo exemption from audit undgr sgction 477 01 the Companies Act 2006 relating lo small companies. Diroctois. responsibilities.. The membors havg not required Ihe company to obtain an audit of ils financial slatsm8nls for tho year in question in accordance with section 476.. The dSreclors a¢kno￿e<19e their responsibilities for complying with the requirgmenls ol the Act th respeci lo aGcounling records and the proparalion ol financial glalemenl8. Thes¢ financial slalemenls have been prepared in accordan¢g with tho provisions applicable lo companies subiecl lo the small companies. regime. These financial ststgments were approved by the board of trustees and authorised for issua on and are signed on behalf of the board by: Ms AK Bybèe Tiuslee The t)otes on pages 8 to 16 forni part of th0$9 fftnon¢lal siatemonts.

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 3 Pilgrims Place, London, NW3 1NG.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

8

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

9

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

3. Accounting policies (continued) Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvments to Buildings - 5% straight line
Piano - 25% straight line
Furniture and Equipment - 25% straight line

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

10

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

11

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

4. 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.

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Donations
Sundry donations 6,820 6,820 5,450 5,450
Subscriptions
Membership subscriptions 20,857 20,857 19,093 19,093
---------------------------- ---------------------------- ---------------------------- ----------------------------
27,677 27,677 24,543 24,543
============================ ============================ ============================ ============================
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Ancillary trades 15,028 15,028 – –
Rentals 23,860 23,860 13,332 13,332
Miscellaneous income 80 80 – –
Dance Academy 10,136 10,136 21,341 21,341
Academy School 173,508 173,508 145,674 145,674
Car parking 39,525 39,525 28,365 28,365
Concerts and other income 10,134 10,134 4,735 4,735
Legal compensation – – 22,000 22,000
-------------------------------- -------------------------------- -------------------------------- --------------------------------
272,271 272,271 235,447 235,447
================================ ================================ ================================ ================================
7. Investment income
Endowment Total Funds Endowment Total Funds
Funds 2022 Funds 2021
£ £ £ £
Interest receivable 370 370 29 29
============== ============== ============== ==============

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

8. Expenditure on charitable activities by fund type

Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
£ £ £ £
Principal activity 238,765 – 282,107 520,872
Support costs 4,200 – – 4,200
-------------------------------- -------------- -------------------------------- --------------------------------
242,965 – 282,107 525,072
================================ ============== ================================ ================================
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
£ £ £ £
Principal activity 173,860 330 63,117 237,307
Support costs 4,198 – – 4,198
-------------------------------- -------------- ---------------------------- --------------------------------
178,058 330 63,117 241,505
================================ ============== ============================ ================================

9. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2022 2021
£ £ £ £
Principal activity 520,872 4,200 525,072 241,505
================================ ======================= ================================ ================================
10. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2022 2021
£ £
Depreciation of tangible fixed assets 16,371 16,363
============================ ============================
11. Independent examination fees
2022 2021
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 4,200 4,200
============== =======================
12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2022 2021
£ £
Wages and salaries 62,221 52,766
Social security costs 5,273 3,499
Employer contributions to pension plans 5,529 4,933
---------------------------- ----------------------------
73,023 61,198
============================ ============================

The average head count of employees during the year was Nil (2021: 3).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

13. Trustee remuneration and expenses

SORP 2015 requires one of the following statements to be made:

14. Tangible fixed assets

Improvement Fixtures and
s to Buildings Piano fittings Total
£ £ £ £
Cost
At 1 October 2021 and
30 September 2022 322,397
14,000		 42,496 378,893
================================ ============================ ============================ ================================
Depreciation
At 1 October 2021 175,924
14,000		 42,245 232,169
Charge for the year 16,120
–		 251 16,371
-------------------------------- ---------------------------- ---------------------------- --------------------------------
At 30 September 2022 192,044
14,000		 42,496 248,540
================================ ============================ ============================ ================================
Carrying amount
At 30 September 2022 130,353
–		 – 130,353
================================ ============================ ============================ ================================
At 30 September 2021 146,473
–		 251 146,724
================================ ============================ ============================ ================================
Investments
Unrestricted Endowment Total
£ £ £
Cost or valuation
At 1 October 2021 599,211 836,404 1,435,615
Additions – – –
Other movements (36,547)
(51,013)		 (87,560)
-------------------------------- -------------------------------- -----------------------------------------
At 30 September 2022 562,664 785,391 1,348,055
================================ ================================ =========================================
Impairment
At 1 October 2021 and 30 September 2022 – –
================================ =========================================
Carrying amount
At 30 September 2022 562,664 785,391 1,348,055
================================ ================================ =========================================
At 30 September 2021 599,211 836,404 1,435,615
================================ ================================ =========================================
All investments shown above are held at valuation. Historic cost £800,000
Creditors: amounts falling due after more than one year
2022 2021
£ £
Accruals and deferred income 4,200 4,200
Deferred Income 67,946 67,496
Other creditors 18,982 1,951
---------------------------- ----------------------------
91,128 74,097
============================ ============================

15. Investments

16. Creditors: amounts falling due after more than one year

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

17. Deferred income

2022 2021
£ £
At 1 October 2021 67,946 51,666
Amount released to income – (51,666)
Amount deferred in year – 67,946
---------------------------- ----------------------------
At 30 September 2022 67,946 67,946
============================ ============================

18. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,529 (2021: £4,933).

19. Analysis of charitable funds

Unrestricted funds

At 1 Oct Gains and At 30 Sep
2021 Income Expenditure Transfers losses 2022
£ £ £ £ £ £
Unrestricted fund
- General funds 796,632 299,948
(242,965)		 (230) (36,547) 816,838
Designated Fund
- Piano Fund 12,500 –
–		 – – 12,500
Designated Fund
- Protected
Capital Property
Fund 200,000 –
–		 – – 200,000
Designated Fund
- Flower Fund – –
–		 230 – 230
----------------------------------------- -------------------------------- -------------------------------- -------------- ---------------------------- -----------------------------------------
1,009,132 299,948
(242,965)		 – (36,547) 1,029,568
========================================= ================================ ================================ ============== ============================ =========================================
At 1 Oct Gains and At 30 Sep
2020 Income Expenditure Transfers losses 2021
£ £ £ £ £ £
Unrestricted fund
- General funds 623,135 259,990
(178,058)		 (100) 91,565 796,532
Designated Fund
- Piano Fund 12,500 –
–		 – – 12,500
Designated Fund
- Protected
Capital Property
Fund 200,000 –
–		 – – 200,000
Designated Fund
- Flower Fund – –
–		 100 – 100
-------------------------------- -------------------------------- -------------------------------- -------------- -------------- --------------------------------
835,635 259,990
(178,058)		 – 91,565 1,009,132
================================ ================================ ================================ ============== ============== ================================

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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

19. Analysis of charitable funds (continued)

Restricted funds
At 1 Oct Expenditur Gains and At 30 Sep
2021 Income
e		 Transfers losses 2022
£ £ £ £ £ £
Restricted Fund -
Minister's
Discretionary
Fund 4,117 –
–		 – – 4,117
======================= ============== ============== ============== ============== =======================
At 1 Oct Gains and At 30 Sep
2020 Income Expenditure Transfers losses 2021
£ £ £ £ £ £
Restricted Fund -
Minister's
Discretionary
Fund 4,447 –
(330)		 – – 4,117
======================= ============== ============== ============== ============== =======================
Endowment funds
At 1 Oct Expenditur Gains and At 30 Sep
2021 Income
e		 Transfers losses 2022
£ £ £ £ £ £
Expendable
Endowment Fund 836,404 370
(282,107)		 – (51,013) 503,654
-------------------------------- -------------- -------------------------------- -------------- ---------------------------- --------------------------------
836,404 370
(282,107)		 – (51,013) 503,654
================================ ============== ================================ ============== ============================ ================================
At Gains and At 30 Sep
1 Oct 2020 Income Expenditure Transfers losses 2021
£ £ £ £ £ £
Expendable
Endowment Fund 626,345 29
(63,117)		 – 364,712 927,969
-------------------------------- -------------- ---------------------------- -------------- -------------------------------- -----------------------------------------
626,345 29
(63,117)		 – 364,712 927,969
================================ ============== ============================ ============== ================================ =========================================

16

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Management Information

Year ended 30 September 2022

The following pages do not form part of the financial statements.

17

Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 September 2022

2022 2021
£ £
Income and endowments
Donations and legacies
Sundry donations 6,820 5,450
Membership subscriptions 20,857 19,093
---------------------------- ----------------------------
27,677 24,543
---------------------------- ----------------------------
Charitable activities
Ancillary trades 15,028 –
Rentals 23,860 13,332
Miscellaneous Income 80 –
Dance Academy 10,136 21,341
Academy School 173,508 145,674
Car parking 39,525 28,365
Concerts and other income 10,134 4,735
Legal compensation – 22,000
-------------------------------- --------------------------------
272,271 235,447
-------------------------------- --------------------------------
Investment income
Interest receivable 370 29
-------------- --------------
-------------------------------- --------------------------------
Total income 300,318 260,019
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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 September 2022

2022 2021
£ £
Expenditure
Expenditure on charitable activities
Wages and salaries 62,221 52,766
Employer's NIC 5,273 3,499
Pension costs 5,529 4,933
Other establishment 143,958 93,524
Other motor/travel costs 2,438 4,500
Legal and professional fees 957 –
Telephone 9,112 6,480
Other office costs 4,280 3,340
Minister's Expenses 2,073 2,369
Children's Chapel 2,924 2,449
Endowment Funds Expenditure 282,107 63,117
Independent Examiners Fees 4,200 4,528
-------------------------------- --------------------------------
525,072 241,505
-------------------------------- --------------------------------
-------------------------------- --------------------------------
Total expenditure 525,072 241,505
================================ ================================
-------------------------------- --------------------------------
Net (expenditure)/income (224,754) 18,514
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Rosslyn Hill Unitarian Chapel

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 30 September 2022

2022 2021
£ £
Expenditure on charitable activities
Principal activity
Activities undertaken directly
Direct charitable activity - wages/salaries 62,221 52,766
Direct charitable activity - employer's NIC 5,273 3,499
Direct charitable activity - pension costs 5,529 4,933
Direct charitable activity - Church management and administration 143,958 93,524
Direct charitable activity - Choir expenses 2,438 4,500
Direct charitable activity - Weddings, Baptisms and funerals 957 –
Direct charitable activity - Organ expenses 9,112 6,480
Direct charitable activity - Subscriptions to GLA and LDPA 4,280 3,340
Direct charitable activity - Minister's expenses 2,073 2,369
Direct charitable activity – Children’s Chapel 2,924 2,449
Endowment Funds expenditure 282,107 63,117
Minister's Discretionary Fund expenditure – 330
-------------------------------- --------------------------------
520,872 237,307
-------------------------------- --------------------------------
Support costs
Support charitable activity - Independent examination fees 4,200 4,198
----------------------- -----------------------
-------------------------------- --------------------------------
Expenditure on charitable activities 525,072 241,505
================================ ================================

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