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2022-12-31-accounts

KINGS ROAD UNITED REFORMED CHURCH

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st DECEMBER 2022

CONTENTS

CONTENTS
Page
Report of the Trustees 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 14

KINGS ROAD UNITED REFORMED CHURCH

1

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2022

ADMINISTRATIVE INFORMATION

Kings Road United Reformed Church is a local church of the United Reformed Church in Great Britain, and is a member church of the Eastern Synod of the United Reformed Church. It was registered on 26th August 2009 as Charity Number 1131367.

Kings Road United Reformed Church is situated at 91, Crowstone Road, Westcliff-on-Sea, Essex. SS0 8LH. Telephone : 01702 352668 www.KingsRoadURC.org.uk

The members of the Elders' Meeting for the time being are recognised as the charity trustees. Those who served from 1st January 2022 until the date this report was approved were:

Andrew Birch (Reverend) (Chair - From 15th May 2022) Geoff Wright (Reverend) (Chair - Until 14th May 2022) John Knight (Resigned 31st March 2023) Kay Bell Lauren Rule Lesley Ball Lou Raggett Pam Skeet Vicky Wilson *

The Church buildings are vested in 'The United Reformed Church (Eastern Province) Trust' as trustee and held for the benefit of Kings Road United Reformed Church in accordance with the trusts applicable to United Reformed Church properties.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The activities of Kings Road 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 rules of Kings Road United Reformed Church. The governing document of the registered charity is a statement adopted by the Church Meeting on 3rd May 2009 and renewed on 11th February 2018 after the merger of Crowstone St. George's United Reformed Church with Westcliff United Reformed Church on 22nd Octoner 2017.

The Elders' Meeting is responsible for the financial administration of the Church and the care and maintenance of Church premises. The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church. The Church Meeting meets four times a year.

The members of the Elders' Meeting are the minister in pastoral charge and up to nine members of Kings Road United Reformed Church nominated and elected by the members of the Church in Church Meeting. Elders serve for four years, retire by rotation and are eligible for re-election. After two periods of consecutive service Elders will normally be expected to stand down for a two year period. The members of the Elders' Meeting are the trustees of the registered charity during their period of service as Elders.

The Elders' Meeting met eleven times during the year. It is assisted in the administration of the Church and its property by the Business Committee. We also have more informal groups, including Outreach and Fundraising and Pastoral Care.

KINGS ROAD UNITED REFORMED CHURCH

2

REPORT OF THE TRUSTEES - Continued

STRUCTURE, GOVERNANCE AND MANAGEMENT - Continued

The Business Committee oversees the financal management of the church and is responsible for maintaining the fabric of the Church.

OBJECTIVES AND ACTIVITIES

As a local congregation of the United Reformed Church, Kings Road United Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its building. Our mission statement sets these objectives out more specifically as:-

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: (a) 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; (b) 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

As a gathered worshiping community our church life and mission activities continue to take on new and interesting challenges. We have paid particular attention to our use of resources in the form of the building, finances and prayerful human enthusiasm.

We have been able to respond in practical ways to help ease the effects of the current fuel poverty crisis by providing a Warm Space and extending the time of some of our usual activities. We continue to support local food banks and other charitable agencies.

As we continue to promote and develop the inclusive nature of our welcome, an all-encompassing style of worship, the use of a variety of resources, both traditional and contemporary, we are also committed to a sense of whole-life discipleship. This will take the form of, working in Small Groups, Outreach Projects, and where we are in our Everyday Lives.

FINANCIAL REVIEW

Following the ending of Covid-19 restrictions in 2021 the church's regular income has largely returned to its precovid pattern. Income from giving, lettings, and rental and investment income are all broadly as before the pandemic. 2022 however, also saw two exceptional items of income:-

KINGS ROAD UNITED REFORMED CHURCH

3

REPORT OF THE TRUSTEES - Continued

FINANCIAL REVIEW - Continued

The church made a second and final claim on its' insurance policy for the 'loss of income' arising as a result of the pandemic. A final settlement of £18,326 was received in September.

Also during the year, the Westcliff URC church buildings were sold. The proceeds of the sale are held by the Custodian Trustee, The United Reformed Church (Eastern Province) Trust. The church received £75,000 of the proceeds upon the setting up of the trust.

Compared with 2021, income is up £74,577, broadly a consequence of the receipt of a share of the sales proceeds of the Westcliff URC building. Lettings income was up £16,931 but this was countered by lower legacy income down £18,250. Covid-19 'loss of income' receipts in the two years were similar.

Expenditure during the year was up £26,731 overall but reflects significant change in two particular areas. Employee costs were up £14,617 following the employment of two new staff in Autunmn 2021, a part year charge in 2021 becoming a full year charge in 2022. And energy costs were up £4,871 as a consequence of Russian actions in the energy market. Beyond this, expenditure from designated reserves remained high (full details at Note 17), £34,091 in 2022, up £3,435 on 2021. The remainder of the increase, £3,808 mainly a consequence of price increases and expanding activity.

The church's initial financial projections for 2023 suggest a large deficit is likely on the General Fund. While recurring income is expected to be similar to 2022 there will be no covid insurance receipt. At the same time the church is anticipating a further, more substantial, increase in its energy costs and faces the current high level of inflationary price increases on many of its other expenses. The church has approved its' budget for the year on the basis that it has the reserves to fund it, and is confident that over time income and expenditure will return to equilibrium.

The church holds an investment in the COIF Charities Ethical Investment Fund. While the value of this investment fluctuates over time, and during 2022 fell significantly, the trustees consider that the dividend yield of 3.1% provides an acceptable rate of return for the risk being taken. It is anticipated that the value of the investment will grow over time protecting the invested reserves from the detrimental effects of inflation.

The generous financial support of members and friends, both this past year and ongoing is greatly appreciated. The church is particularly grateful that both through Covid-19, and now through this period of higher energy costs and general cost of living pressures, giving to the church has held up well and fund raising events have been very well supported - Thank you.

RESERVES POLICY

Unrestricted Funds:-

Recognising that income fluctuates in amount and in timing the Elders seek to keep a balance in the Church's General Fund equivalent to at least three months expenditure. This 'working capital' ensures that adequate funds are always available to meet day to day costs as they are incurred and ensures that activities can be planned and carried out with certainty and without fear of interruption. The balance at 31st December 2022 of £76,481 is in excess of three months expenditure.

KINGS ROAD UNITED REFORMED CHURCH

6

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2022 2021
Note £ £ £ £ £
INCOMING RESOURCES
Income from:
Donations and legacies 2 45,259 4,015 3,261 52,535 74,649
Charitable activities 3 291 -- -- 291 235
Other trading activities 4 39,515 1,916 -- 41,431 21,462
Investments 5 14,716 -- -- 14,716 12,876
Other 6 19,826 75,000 -- 94,826 20,000
Total 119,607 80,931 3,261 203,799 129,222
RESOURCES EXPENDED
Expenditure on:
Raising funds 7 816 1,256 -- 2,072 3,574
Charitable activities:
Ministry & Mission 8 53,708 173 -- 53,881 54,653
Church activities 9 1,794 1,501 -- 3,295 1,634
Church running costs 10 50,534 31,161 -- 81,695 54,749
Support of outside causes 11 1,200 -- 3,296 4,496 4,098
Total 108,052 34,091 3,296 145,439 118,708
Net gain/(loss) on investment 15 -5,062 -6,748 -- -11,810 11,321
Net income/(expenditure) before transfers 6,493 40,092 -35 46,550 21,835
Transfers between funds 17.1 -8,093 8,093 -- 0 0
Net movement in funds -1,600 48,185 -35 46,550 21,835
Total funds b/fwd 1 January 2022 78,081 79,418 236 157,735 135,900
Total funds c/fwd 31 December 2022 £ 76,481 £ 127,603 £ 201 £ 204,285 £ 157,735
(Note 17) (Note 18)

The notes on pages 8 to 14 form part of these financial statements

BALANCESHEETAS AT31DECE MBER2 022
Unrestricted Funds Restricted TOTAL TOTAL
Note GeneralDesignated
EE		 Fundst 2022
c.		 202L
E
FIXEDASSETS
Tangibleassets t4 5,758 5,758 1,800
CURRENTASSETS
Debtors
Gift AidTaxrecoverable
Accrued income
HallFees
Prepayments
TotalDebtors		 6,L78
77,5L7
6,100
4,244
1,035		 :
0		 Ti:,iii
69
17,585		 6,500
1,638
355
6,903
_iffi-
Investments
COIFCharities EthicalInvestmentFund 15 35,701 47,601 83,30295,112
Bankandcash balances
COIFCharities DepositFund 16 74,376 77,788 91,564 21,060
Bankcurrentaccounts
Totalbankandcash balances		 10,315
@		 9,018
86,206		 727 20,060
LLt,624		 29,861.
50,921
Total CurrentAssets -B3B-07
w		 - w@
CURRENTLIABILITIES
Accrued expenses
Incomereceivedinadvance
Creditorspayablewithinoneyear		 5,319
t,286
581
m@
6,204		 - 595
595		 11,523
t,286

1,176
13,985
4,571
259
664

5,494
NET CURRENT ASSETS
TOTALNET ASSETS		 w@
E-76,V$Tta27@		 -20rw
r.-lo.fE-2T478i		 rffi5
Ea5T7S
THE FUNDSOFTHECHARITY
Unrestrictedincomefunds:
General 76,481 76,481 78,081
Designated
Total		 t7 727,603 127,603
204,084		 79,418
Mg
Restricted incomefunds: 1B E-76,4TtEW 201
20t
E-2rTt-n428r		 Easzffi
236

8

KINGS ROAD UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

1.1 Basis of Accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Income recognition

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.

Donated services are accounted for in the period to which they relate provided the value of the gift can be measured reliably.

1.3 Expenditure and Liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Expenditure is recognised in the period to which it relates and includes attributable VAT which cannot be recovered. 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.

1.4 Fund Accounting

Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Designated funds are funds established by the church for particular purposes as set out at note 17. The designation is a statement of intent and does not prevent the church from using these funds for other purposes if circumstances change. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of the grant.

1.5 Tangible Fixed Assets

Freehold property: The Trustees of the church are the United Reformed Church (Eastern Province) Trust who hold buildings and land upon trust for purposes connected with Kings Road United Reformed Church. Expenditure incurred on the church is written off in the year it is incurred.

Equipment: Equipment is stated at cost less depreciation. Depreciation is provided at the following annual rate calculated to write off the cost of assets over their estimated useful lives:

Photocopier, and I.T. and Sound and Audio/Visual equipment

25% straight line (over 4 years)

1.6 Taxation

As a registered charity the church is 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.

1.7 Investments

Investments are initially recorded at cost but subsequently revalued at 'fair value'. Any increase or decrease in value is shown in the Statement of Financial Activities.

1.8 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

KINGS ROAD UNITED REFORMED CHURCH

9

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2022 2021
£ £ £ £ £
2 DONATIONS AND LEGACIES
General Giving 36,187 -- -- 36,187 37,244
Income tax refunds under Gift Aid 7,645 325 165 8,135 9,966
Special offerings and donations -- 940 3,096 4,036 4,039
Other donations 1,427 -- -- 1,427 2,400
Legacies -- 2,750 -- 2,750 21,000
£ 45,259 £ 4,015 £ 3,261 £ 52,535 £ 74,649
3 CHARITABLE ACTIVITIES
Wedding fees & collections 65 -- -- 65 235
Parent & Toddler, Childrens & Youth activities 226 -- -- 226 --
£ 291 £ -- £ -- £ 291 £ 235
4 OTHER TRADING ACTIVITIES
Church lettings 33,649 -- -- 33,649 16,718
Fund raising events 5,092 1,916 -- 7,008 3,554
Photocopier income 774 -- -- 774 1,190
£ 39,515 £ 1,916 £ -- £ 41,431 £ 21,462
5 INVESTMENTS
Interest 792 -- -- 792 46
Investment Fund Dividends 2,599 -- -- 2,599 2,563
Rent : 40 Kenilworth Gardens 6,580 -- -- 6,580 6,000
Rent : Tennis Club 2,000 -- -- 2,000 2,000
Solar panel income 2,745 -- -- 2,745 2,267
£ 14,716 £ -- £ -- £ 14,716 £ 12,876
The church receives 50% of the net rental income arising from the letting of the manse at 40 Kenilworth Gardens pending a
decision on the future use of the building.
6 OTHER
Eastern Synod Utility Grant 1,500 -- -- 1,500 --
Receipt from Synod trust fund -- 75,000 -- 75,000 --
Insurance recovery 18,326 -- -- 18,326 20,000
£ 19,826 £ 75,000 £ -- £ 94,826 £ 20,000
7 RAISING FUNDS
Kitchen / coffee bar supplies -- 398 -- 398 132
40 Kenilworth Gardens : Maintenance -- 858 -- 858 2693
40 Kenilworth Gardens : Insurance 204 -- -- 204 189
40 Kenilworth Gardens : Letting fees 592 -- -- 592 540
Other 20 -- -- 20 20
£ 816 £ 1,256 £ -- £ 2,072 £ 3,574

KINGS ROAD UNITED REFORMED CHURCH

10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2022 2021
£ £ £ £ £
8 MINISTRY & MISSION
URC Ministry & Mission Fund (See below) 45,384 -- -- 45,384 46,000
Manse expenses 3,956 -- -- 3,956 3,938
Manse maintenance -- 173 -- 173 963
Ministers car expenses 1,374 -- -- 1,374 1,366
Ministers expenses 1,841 -- -- 1,841 1,076
Worship & resources 1,153 -- -- 1,153 1,310
£ 53,708 £ 173 £ -- £ 53,881 £ 54,653

URC MINISTRY & MISSION FUND

The church contributes to the central United Reformed Church 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. In 2021 the unrestricted income of The United Reformed Church Trust was £19.8 million, 87% of which was provided by the Ministry & Mission Fund contributions of churches. Unrestricted expenditure amounted to £20.6 million of which 83% related to ministerial costs.

9 CHURCH ACTIVITIES
Children's activities 100 -- -- 100 22
Flowers 40 -- -- 40 145
Jubilee Tree - Priory Park 175 -- -- 175 --
Organ & Piano tuning (inc. minor repairs) -- 1,472 -- 1,472 1,092
Other costs 331 -- -- 331 225
Pastoral support 900 -- -- 900 --
Publicity 54 -- -- 54 --
Tea & Toast -- -- -- -- 136
Training -- 29 -- 29 14
URC 50th Anniversary Celebration Tea 194 -- -- 194 --
£ 1,794 £ 1,501 £ -- £ 3,295 £ 1,634
10 CHURCH RUNNING COSTS
Buildings maintenance -- 25,299 -- 25,299 23,981
Centre Manager 13,097 -- -- 13,097 3,187
Cleaner / Caretaker 7,299 -- -- 7,299 2,592
Cleaning materials & refuse collection 2,644 -- -- 2,644 2,005
Cooker (new electric cooker) -- 2,234 -- 2,234 --
Depreciation of equipment Note 14 1,646 -- -- 1,646 601
Electric 3,239 -- -- 3,239 2,448
Gardening -- 365 -- 365 612
Gas 9,083 -- -- 9,083 5,003
Independent Examiner 250 -- -- 250 200
Information Technology 1,486 -- -- 1,486 775
Insurance 8,939 -- -- 8,939 8,833
Other costs 232 -- -- 232 235
Payroll 281 -- -- 281 149
Photocopier charges 1,155 -- -- 1,155 1,086
Printing, postage and stationery 286 -- -- 286 16
Recruitment -- -- -- -- 437
Servicing of equipment -- 3,263 -- 3,263 1,183
Telephone 417 -- -- 417 362
Water 480 -- -- 480 1,044
£ 50,534 £ 31,161 £ -- £ 81,695 £ 54,749

KINGS ROAD UNITED REFORMED CHURCH

11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2022 2021
£ £ £ £ £
11 SUPPORT OF OUTSIDE CAUSES
Homeless Action Resource Project (H.A.R.P.) 1,200 -- -- 1,200 1,200
Communion Fund (see Note 18) -- -- 848 848 478
Commitment for Life -- -- 825 825 825
Other restricted gifts passed on (see below) -- -- 1,623 1,623 1,595
£ 1,200 £ -- £ 3,296 £ 4,496 £ 4,098

11.1 Other restricted gifts passed on:-

General :-
Children's Society (Christingle service) -- 35
Christian Aid 1,271 1,210
HARP (Harvest collection) 320 350
Citizens Advice Bureau 32 --
£ 1,623 £ 1,595
12 PAID EMPLOYEES
Salaries and wages 20,230 5,779
Pension contributions 166 --
£ 20,396 £ 5,779
Average head count in the year 2 1

13 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

13.1 Trustee renumeration and benefits

None of the trustees have been paid any renumeration or received any other benefits from an employment with the church.

13.2 Trustees' expenses
Preaching fees 840 380
Printing, Postage & Stationery 80 337
Mileage 168 24
URC Ministers Gathering 299 --
Books / Subscriptions 238 --
Worship materials 81 --
Sundry -- 144
£ 1,706 £ 885

13.3 Transactions with related parties There have been no related party transactions in the reporting period.

KINGS ROAD UNITED REFORMED CHURCH

12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14
TANGIBLE FIXED ASSETS

Cost
Balance b/fwd 1 January
Additions
Disposals
Balance c/fwd 31 December
Depreciation
Balance b/fwd 1 January
Depreciation for year
Disposals
Balance c/fwd 31 December
Net book value		 I.T.
Equipment
2,401
1,434
--
3,835
601
864
--
1,465
2,370		 Sound &
Visual
Equipment
1,997
--
--
1,997
1,997
--
--
1,997
0		 Photo-
-copier
£
3,540
4,170
-3,540
4,170
3,540
782
-3,540
782
3,388		 TOTAL
2022
£
7,938
5,604
-3,540
10,002
6,138
1,646
-3,540
4,244
5,758		 TOTAL
2021
£
5,537
2,401
--
7,938
5,537
601
--
6,138
1,800

The church has an interest in the following assets not capitalised in these Financial Statements.

15
COIF CHARITIES ETHICAL INVESTMENT FUND
Balance b/fwd 1 January
Investments/(withdrawals) during the year
Gain/(loss) on investment
Balance c/fwd 31 December		 2022
£
95,112
--
-11,810
83,302		 2021
£
83,791
--
11,321
95,112

On 6th December 2018 the church purchased 30,438.75 units in the fund at a price of 229.97p per unit (total cost £70,000). There have been no transactions since. At the year end the bid value of the units was 273.67p (2021 : 312.47p) per unit giving rise to an unrealised loss on the investment of £11,810 during the year. The investment loss is split between the General Fund, the Maintenance Fund and the Legacy Fund in proportion to those funds interest in the invested balance, currently 3/7ths, 3/7ths & 1/7th respectively. On 31st March 2023 the bid value of the units was 281.67p giving the investment a value of £85,737.

The fund pays dividends four times a year and at 31st December 2022 had a gross dividend yield of 3.14% (2021 : 2.65%).

Units in the fund can be traded every Thursday with settlement proceeds being remitted to the church bank account within four Business Days.

16 COIF CHARITIES DEPOSIT FUND

No notice period is required to withdraw these funds which can generally be accessed within a few days via postal delivery of a signed withdrawal authority.

17 DESIGNATED FUNDS

Maintenance Fund

Funds set aside to meet the cost of maintaining the fabric of the church, the manse & 40 Kenilworth Gardens buildings and for providing and servicing furniture and equipment to enable the buildings to be used effectively to meet the church's objectives.

Legacy Fund

Funds set aside to enable the church to meet obligations or carry out projects, the costs of which can not be met from the church's regular sources of income.

KINGS ROAD UNITED REFORMED CHURCH

13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17 DESIGNATED FUNDS (Continued)

Westcliff Fund

Monies transferred to the church from the Synod trust set up to hold the proceeds of sale of the Westcliff URC buildings. These funds are available for maintenance of the church premises or for mission activities.

HARP Fund - Revenue

Rent previously received on a property sold to HARP in 2014 set aside to provide revenue support to the church in meeting its objectives in regard to charitable outreach. At year end the fund was closed and the balance transferred to general funds.

Roof Fund

Funds received and set aside to carry out a major refurbishment of the lead work, masonry, flat roof areas and rain water goods of the church building at 91 Crowstone Road. At year end, with several long term funding pledges having run their couse, the decision was taken to use general funds to clear the remaining balance.

Kitchen Fund

Funding received and set aside to meet the cost of improvements to the church kitchen.

17.1 The movements on the Designated Funds during the year were:

Maint. Legacy Westcliff HARP Roof Kitchen Total Total
Fund Fund Fund Fund Fund Fund 2022 2021
£ £ £ £ £ £ £
Balance b/fwd 1 January 49,970 25,453 -- 3,814 -2,422 2,603 79,418 69,936
Incoming resources -- 2,750 75,000 -- 1,265 1,916 80,931 22,919
Resources expended -29,288 -1,837 -305 -- -- -2,661 -34,091 -30,656
Investment (loss) / gain -5,061 -1,687 -- -- -- -- -6,748 6,469
Fund Transfers 10,750 -- -- -3,814 1,157 -- 8,093 10,750
Balance c/fwd 31 December £ 26,371 £ 24,679 £ 74,695 £ 0 £ 0 £ 1,858 £ 127,603 £ 79,418
2022 2021
17.2 Maintenance Fund £ £
Balance b/fwd 1 January 49,970 47,624
Budgeted transfer from the General Fund for ongoing maintenance costs 10,750 10,750
Share of (decrease) / increase in value of investment -5,061 4,852
Church - Items under £1,000 -3,082 -2,505
Church - Servicing of equipment (inc. 5 yearly electrical inspection) -3,263 -1,183
Church - Repairs to heating system (instal new actuator unit and new pressurisation unit) -2,922 --
Church - Repairs to heating system (instal new heating expansion vessel) -1,560 --
Church - Installation of sound proofing (Crowstone Hall) -2,685 --
Church - Works to reconfigure drainage from South Gallery roof -4,697 --
Church - Purchase of cupboards and external railings from Paint pots -2,000 --
Church - R Shelton professional services (inc. Quinquennial Report £3,608) -4,928 --
Church - Works to external ramp (Westcliff Hall) -3,120 --
Church - Repair of solar panels, fixing of pigeon guard & removal of pigeon detritus -- -1,776
Church - Mounting of Westcliff URC memorials -- -1,980
Church - Re-felting of kitchen roof -- -2,156
Manse - Items under £1,000 -173 -963
40 Kenilworth Gardens - External redecoration -- -2,184
40 Kenilworth Gardens - Items under £1,000 -858 -509
Balance c/fwd 31 December £ 26,371 £ 49,970
17.3 Legacy Fund
Balance b/fwd 1 January 25,453 20,104
Share of (decrease) / increase in value of investment -1,687 1,617
Legacy - Mrs D Dixon 2,750 --
Legacy - Miss D Hawken -- 20,000
Legacy - Mrs J Wallace -- 1,000
Gardening (net of Paint Pots contribution) -365 -612
Replacement of flooring (Welcome Area, Meeting Place, Westcliff Hall & Belden Room) -- -15,564
Piano / Organ tuning (inc. minor repairs) -1,472 -1,092
Balance c/fwd 31 December £ 24,679 £ 25,453

KINGS ROAD UNITED REFORMED CHURCH

14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2022 2021
17.4 Wetcliff Fund £ £
Balance b/fwd 1 January -- --
Transfer from Synod trust fund 75,000 --
Consultation re new audio visual system -305
Balance c/fwd 31 December £ 74,695 £ --
17.5 HARP Fund - Revenue
Balance b/fwd 1 January £ 3,814 £ 3,814
Transfer to General Fund -3,814 --
Balance c/fwd 31 December £ 0 £ 3,814
17.6 Roof Fund
Balance b/fwd 1 January -2,422 -4,097
Donations 1,265 1,675
Transfer from General Fund 1,157 --
Balance c/fwd 31 December £ 0 £ -2,422
17.7 Kitchen Fund
Balance b/fwd 1 January 2,603 2,491
Refreshment receipts and net proceeds of light lunches etc. 1,916 244
Supplies -398 -132
Training -29 --
Equipment - New Cooker -2,234 --
Balance c/fwd 31 December £ 1,858 £ 2,603
18 RESTRICTED FUND
Communion Fund
Collections taken during Communion services are credited to this fund which is used to support charities bringing
assistance and relief to those in need at home and abroad, and occassionally to assist individuals directly.
Balance b/fwd 1 January 236 290
Collections - Monthly communion services 744 424
Christingle Service and Christmas Eve Midnight communion 69 --
1,049 714
Expenditure :-
Alzheimers Society 45 --
Bible Society 90 --
Childrens Society -- 60
Christians Against Poverty -- 42
Citizens Advice Bureau 62 75
Dementia UK 48 --
Disasters Emergency Committee - Ukraine Humanitarian Appeal 182 --
Essex & Herts Air Ambulance Trust 40 --
Leprosy Mission 40 --
Mission Aviation Fellowship Uk 50 --
MIND -- 57
NSPCC -- 60
One Love Soup Kitchen -- 60
Southend Christians Against Poverty 67 --
Southend Sunflower Trust 49 --
Southend University Hospital Oncology Ward -- 84
Southend University Hospital Accident & Emergency Dept. 72 --
Stop the Traffik -- 40
Together Free - Southend Against Modern Slavery 70 --
Trust Links 33 --
848 478
Balance c/fwd 31 December £ 201 £ 236