2022-12-31-accounts - Downing Place United Reformed Church, Cambridge, General Funds Charity

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Contents ofaccounts		Pages
Trustees' Report		1-8
Statement ofFinancial Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the financial statements		12-17
Independent Examiner's	Report	18

Trustees serving durin	g the calen	dar year 2022
		Service as
		Trustee
Elizabeth Mary Barrow		full year
Stephanie ~n Bower		full year
Colin William Christy		full year
Helen Christy		full year
Elizabeth Cornelia de Bruin-Lara		full year
Jennifer Russell Jacobsberg		full year
Philippa Millington Jones		full year
Carys Eleri Lee		full year
Simone Maghenzani		full year
Sheila Margaret Porrer		full year
Alan James Robertson	Rickard	full year
Melanic Julia Selina Rose		full year
Hazel Joy Sanderson		full year
William Qwen Sexton Hannah Clare Stephenson		full year full year	Clerk to the Elders' Meeting
lan Chilies Strachan		fuii year	Treasurer
David Wilfred Tatem		full year
Daphne Anne Thomas		full year
Margaret Mary Thompson Stephen Thornton		full year full year	Church Secretary
Nigel Philip Uden		full year	Minister and Chair

					Unrestricted	Designated	Restricted	Total	Total
				Note	Funds	Funds	Funds	2022	2021
					K		K	K	K
Income
Donations and legacies Charitable activities Other income and donations Income from investments Development income				2(a) 2(b) 2(c) 2(d) 2(e)	140,242 109,035 82,425 46,824	34,242 753 27,475	29,758 18,533 - 186,326	204,242 128,321 109,900 46,824 186,326	187,271 102,028 110,000 40,854
Total income					378,527	62,469	234617	675,613	440,153
Expenditure
Cost ofgenerating funds Charitable activities:				3(a)					399
URC Ministry and Mission Fund Ministerial costs Costs ofChurch activities Designated funds and restricted Governance costs	donations		passed on	3(b) 3(c) 3(d) 3(e) 3(t)	142,620 31,879 287,671 1,320	12,900 8,690 22,424	3,121 10,800	142,620 44,779 299,482 33,224 1,320	143,986 25,367 195,138 40,013 1,320
Total expenditure					463,491	44,014	13,921	521,426	406,223
Net income/(defidt) before investment			gains / losses		(84,964)	18,455	220,696	154,187	33,930
Net gains on investments
Unrealised 0oss)/ gains on investment		assets				83,680		83,680	105,284
Net income for the year before	transfers				(84,964)	(65,225)	220,696	70,507	139,214
Transfers between funds					10,000	(10,000)
Net Movement in Funds					(74,964)	(75,225)	220,696	70,507	139,214
Fund Balances b/fwd at1January 2022					351,742	856,366	318,946	1,527,054	1,387,840
Fund Balances c/fwd at31December		2022			276,778	781,141	539,642	1,597,561	1,527,054

BALANCE SHEET ASAT31DECEMBER2022
		2022		2021
	Mote	6	6	6
FIXEDASSETS
TangIble Fbted Assets Investments		262,460 901,767		302497 985,447
CURRENT ASSETS
Debtors Cash atBookend In Hand		41,304 435,964	29,307 524,953
			554,260
CURRENT LIABILITIES
Creditors Due WIthin One Year	7	43,934	015250
NET CURRENT ASSEFS		433334		239,010
TOTAL ASSETSLESSCURRENT LIABILITIES		1,597461		1,527,054
Creditors Due Alter One Year
NET ASSETS		1.597561		1.427.054
FUNDS
Unrestricted Funds Designated Funds Restricted Funds		276,778 781,141 539,642		351,742 856366 318,946
		1,597562		1.52.054

				2022	2021
			Note (below)	6	6
Cash flow from operating activities:
Net cash (absorbed by) / provided by operating activities				(125,128)	351,704
Cash flow from investing activities - additions Purchase offixed assets Dividends and interest	to investments			(10,684) 46,824	(200,000) (327,473) 40,854
Change in cash and cash equivalents in the reporting		period		(88,988)	(134,915)
Cash and cash equivalents at the beginning	ofthe	reporting period		524,953	659,868
Cash and cash equivalents at the end ofthe	reporting period			35,9	524,953
Notes to the statement ofcash flow
A) Reconciliation ofnet income to net cashflow from operating activities
Net (expenditure)/income for the reporting period as Depredation Unrealised (gains)/losses on investments Dividends and interest (Increase)/decrease in debtors (Decrease)/increase In creditors		per the statement	offinancial aciivites	70,507 50,821 83,680 (46,824) (11,996) ~31	139,214 24,876 (105,284) (40,854) 33,668 300,084
Net cash provided by operating activities
B)Analysis ofcash and cash equivalents Cash atbank and in hand				59,9 3

2	INCOME
				Unrestricted		Designated			Restricted	TotalFunds	TotalFunds
					Funds		Funds		Funds	2022		2021
(a) Donations and legacies:								E	6	E		E
	Offerings Tax reclaimed under gift aid Special offerings and donations Other donations and legacies	received			113,407 24,820 2,016			34,242	10,780 18,978	113,407 24,820 10,780 55,235		121,500 26,752 7,744 31,275
(b) Charitable activities:					140,242			34,242	29,758	204,242		187,271
Rental income from hall lettings Rental income from residential properties Fund raising events and other income (c) Other income and donations:					61,850 43,820 3,365 109,035			753 753	18,533 18,533	61,850 62,353 4,118 128,321		43,293 37,985 20,750 102,028
	Donations from Lewis Gibson Limited				82,425			27,475		109,900		110000
(d) Income from Investments:					82,425			27,475		109,900		110,000
Bank interest &dividends (e) Development income:					46,824 46,824					46,824 46,824		40,854 40,854
	Proceeds from sale ofproperty
	available for mission								186,326	186,326
									186,326	186,326
	Total income				378,527			62,469	234,617	675,613		440,153
3	EXPENDITURE
				Unrestricted		Designated			Restricted	Total Funds	Total Funds
					Funds		Funds		Funds	2022		2021
(a)	CostofGenerating Funds				6			E	E	E
	Cost ofministry and mission											399
												399
(b)	URC Ministry &Mission Fund
	URC Ministry and Mission Fund The Church contributes to the pension contributions and other	central benefits	142,620 142,620 URC costs of traming and providing mitusters for ministers), running the denomination, and						142,620 142,620 (mcluding the centralised payment of the wider mission ofthe national church.			143,986 143,986 stipends,
(c)	Ministerial Costs
(d)	Ministers' expenses Pioneer Ministry Worship resources Visiting ministers Musical life ofthe Church Costs ofChurch Activities				10,442 979 1,262 19196 31879			10,526 2 374 12,900		10,442 10,526 979 1,262 21,570 44779		8,995 1,175 294 14,903 25,367
	Premises running costs:
	Rates and utilities Insurance Repairs and maintenance Caretaker and cleaning ITand AV Depreciauon Administration costs:				28,235 10,220 57,258 22,351 6,152 50,821 175,036				3,121 3,121	28,235 10,220 60,379 22,351 6,152 50,821 178,157		12,253 9,831 21,820 9,670 24,876 78,450
	Office costs Staffcosts Bank charges and interest				30,614 81,780 241			1,123 81		31,737 81,780 322		28,384 87,885 262
					112,635			1204		113,839	116,531
					Page	13

		Unrestricted	Unrestricted	Designated	Restricted	TotalPunds	TotalFunds
		Funds		Funds	Funds	2022	2021
			6	6		6	6
	Misston Outreach:
	Donations Hub Hospitality			7,486		7,486	156
				7486		7486	156
	Total costs ofChurch Activities	287,671		8690	3121	299,482	195,138
(e)	Designated funds and restricted donations passed on 4George Street Fund
	Earmarked Funds
	Commitment for Life Designated Funds			22,424 22,424	10,800 10,800	10,800 22,424 33,224	7,704 32,309 40,013
(fJ	Governance Costs
	Independent Examiner		1,320 1,320			1,320 1,320	1,320 1,320
	Total Expenditure	463,491		44,014	13,921	521,426	406,223
(g)	STAFF COSTS
	Expenditure includes total staff costs of6101,708(2021 - -5)		697,575)as shown below. The average number			ofstaff in the year	was 5(2021

	2022	2021
Gross salaries and wages Social security costs Pension costs	6 93,068 2,633	6 88,735 3,723
	6,007	5,117
	101,708	97,575
TANGIBLE FIXEDASSETS	Fixtures,
	Fittings A
	Equipment	Total
Cost at 1January 2022 Additions	6 327,473	327,473
Dispose!s	10,684	10,684
Cost at 31December 2022
	338,157	338,157
Depreciation at 1January 2022 Depreciation charge for year Elimination on disposals	24,876 50,821	24,876 50,821
Depreciation at 31December 2022	75,697	75,697
Net book value at31December 2022 Net book value at 1January 2022	262,460 302,597	262,460 302,597

INVESTMENTS
	2022	2021
	f	6
Market value at 1January 2022 Additions Net unreal5sed( lossJ/gains Market value at31December 2022	985,447 ~0 0»	680,163 200,000 05 5
Made up as follows:
COIF Charities Investment Fund - EURC General Fund COIF Charities Ethical Investment Fund -John Hall Fund M&G Charifund Accumulation Units COIF Charities Ethical Investment Fund - Income Untts COIF Charities Ethical Investment Fund Shares in Lewis Gibson Limited	155,255 235,622 327,782 183,107 2	310,124 177,001 236,097 62,223 200,000 2
	»6

		2022	2021
		6	f
Debtors
Lewis Gibson Limited		21,404 19,900	19,307 10,000
		41304	29,307
CREDITORS: amounts	falling due within one year.
		2022	2021
			f
Creditors
Accruals and Deferred	Income	8,119 35,815	7,036 308,214
		43,934	315250

Income	isreleased to income in the	reporting period the rent relates to.	eerre nc	me.	Deferred
			2022		2021
			f		f
Balance Amounts Amounts Balance	at the start ofthe reporting added in current periods released to income from at the end ofthe reporting	period previous periods period		341 3	7,200 ~0

			Unrestricted	Designated	Restricted	Combtned
			funds	funds	funds	Total
				6	6	6
Tangible Fixed Assets Investments Net Current Assets Fund Balance			262,460 2 14,315 276,778	362,124 419,018 781,141	539,642 539,642	262,460 901,768 433,333 1,597,561
1 RELATED PARTIES
Lewis Gibson Limited is a related party between the Church and Lewis Gibson		ofthe Church, by virtue ofthe beneficial holding of66.67% in that Limited are disclosed in note 5to the accounts.			company. Transactions
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31DECEMBER2021
			Unrestricted	Designated	Restricted	Total
			Funds	Funds	Funds	2021
				6	6
Income
Donations and legacies Charitable activities Other Income and donations Income from investments			149,547 83,339 82,500 36,180	30,000 420 27,500 4,674	7,724 18,269	187,271 102,028 110,000 40,854
Total income			351,566	62,594	25,993	440,153
Expenditure
Cost ofgenerating funds Charitable activities:			399			399
VRC Ministry and Mission Fund Ministerial costs Costs ofChurch activtties Designated funds and restricted			143,986 25,347 170,808	24,330	20	143,986 25,367 195,138
donations passed on Governance costs			1,320	32,309	7,704	40,013 1,320
Total expenditure			341,860	56,639	7,724	406,223
Net income/(de6mt) before investment		gains / losses	9,706	5,955	18,269	33,930
Net gains on investments
Unrealised gains on Investment	assets			105,284		105284
Net income for the year before
transfers			9,706	111,239	18,269	139,214
Transfers between funds			10,000	(10,000)
Net Movement In Funds			19,706	101,239	18,269	139,214