CATERHAM UNITED REFORMED CHURCH Treasurer's Report 2023 Whilst a pessimistic budget was sel in the autumn of 2022, the financial situation of the church turned out much better than expected with a surplus of £11,058. This was down lo several reasons.. £5,000 grant from Southern Synod to cover higher gas and electricity costs for 2022 and 2023. £8,000 additional lellings within the year land in particular the aulumn term period) over and above 2022 levels and returning lo near pre-pandemic levels AroLJnd £4,000 less expenditure on the Manse now Ihal the church has tenanls earlier than predicted and they cover the costs for which the church was previously responsible. Income This increased by just under £10,000 this year. There was £8,200 more lettings income thanks lo rilling in the fewer and fewer gaps in the schedule and increasing charges where we could. 11 was double the Covid affected 2021 income and near 2019 levels,. though higher prices charged accounts for some of Ihal so usage is lower. The other goods news is interest rates have risen so we get a worthwhile amounl on our deposit of reserve funds. The worrying line, however, is the first one. A big thank you for everyone who has increased their standing order recently but l encourage all to think if they are able lo give a bit more each year. A quick guide lo giving 5 /0 more would. for example be one-lenlh of £40 is £4 so a 5 /0 increase would be £2 and could you increase your monthly gifl to £42? Expenditure The total expenditure is £3.500 less this year. The Ministry and Mission contribulion has remained the same {Ihough reduced by £9.000 in 20241. For utilities. a better price was achieved for the gas arld ele¢lricily contracts bul costs remain much higher than before the Ukraine war started. This year's gas figures are artificially improved by receipt of £5,000 for the autumn of 2022 and winter of 2023 from a one-off Synod grant. Also, the Finance and Administration Commillee and then Elders reviewed the insurance cover of the church which had not been done for a few years. Rebuilding costs and other parts coverage now cost more so the premium has risen bul it is the ElderslTrustees' fiduciary duty to look after its assets properly. A building of the size of the Church (and ils grounds) costs money to maintain but the cleaning, repairs and maintenance were constant this year with David and Robert Charlesworth doing sterling work about the building and Ray Howgego looking after the garden. The lightening conductor was upgraded to current regulations and this was charged direct to Ihe Building Fund (note 1, page 3}. Worship costs were higher as we had to pay for more pulpit supply following the Minister's retirement. There are also costs for maintaining the organ and licenses for the Roots resource Junior Church uses, the Zoom licence and the CCLI copyright scheme. Other costs are the pholocopier and minor spend I couldn't classify anywhere else. Balance Sheel and Reserves Page 1 shows we have a General Fund of £60,000 and other Funds {or Reserves) of£72,000. That totals more than one year's expenditure but is low when compared to some of our neighbouring chLJrches. Since year end, money has been moved to the Deposit account. The "Other Church Funds" have been designated for specific future uses as the lilles suggest so is ringfenced for those uses al Church Meeting's discretion. The exception is the Manse Fund where letlings income goes in and the only spend that can be charged against the Fund is money spent on the Manse itself. The notes give some details of debtors (money owed to the church), money paid in advance (e.g. insurance for a year paid in June} and money we owe lo others {e.g. a month's gas or money received for 2024 bookings bul cash received in 20231. Thank you to David Ling for continuing to independently examine the accounts and records of the Church and giving a clean report. 7 April 2024 Richard Wallis. Church Treasurer Page1of 4
CATERHAM UNITED REFORMED CHURCH BALANCE SHEET AT 31 DECEMBER 2023 2023 2022 2021 Note CHURCH FUNDS: General Fund Balance at 1 January Surplus l {Deficitl for the year Insurance receipt (multiple years) Unrealised gainlloss on Investmenl 49.888 11,058 54,262 -2,326 18.711 1,336 33.000 -675 60,271 49,888 54,262 Other Church Funds 135798 Represented by: CASH AT BANK CAF Bank Ltd Synod Deposit Account 50,271 41,037 53,128 122,459 110,155 121,454 INVESTMENTS 4,500 Shares in Access Intelligence 2,452 3,127 5.175 DEBTORS AND PREPAYMENTS 138,440 125,036 139.614 SUNDRY CREDITORS, ACCRUALS AND PROVISIONS -7.178 NET ASSETS 117 135 798 INDEPENDENTEXAMINER'S REPORTtothe members of Caterham United Refom)ed Church: I have examined the Balance Sheet and Accounts as set out on pages 1 3, together with the docLJments and statements submitted to me. My examination included a review of the accounting records kept by the Treasurer and a comparison of the accounts presented wth Ihose records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenuy I do not express an audit opinion on the accounts. In connection with my examination, no matter has come to my attention- 1. which gives me reasonable cause to believe ihat in any material respect the Treasurer has nol ensured thal., proper accounting records are kept in accordance with section 130 of the Charities Act 2011; and accounts have been prepared which agree with the accounting records and comply wilh the accounting requiremenls of the Charities Act 2011., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date David R Ling, Chartered Accountant
CATERHAM UNITED REFORMED CHURCH INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023 2023-£ 2022-£ 2021-£ INCOME Offerings Donations Income tax recovery Premises lettings Bank interest Sundry income 45.841 8.637 12.233 42,427 3.154 965 46,119 9,815 11,781 34,201 836 675 42,505 10,424 12,386 21,508 TOTAL INCOME 113 257 103427 EXPENDITURE Ministry Ministry and Mission less: Caterham School Contribution Minister's Expenses Accommodation Outreach 46,824 46,824 -5.192 2.878 5,539 29 48.190 -7,684 1,648 4,710 199 119 -374 388 Utillties Gas Electricity Telephone I Wi-Fi Water Insurance 7.185 2.446 964 721 7.436 18,752 12,395 2,084 865 400 4,613 1,756 827 409 Fabric Repairs and Maintenance Cleaning 8,860 9,754 6,278 10,299 Worship Costs Worship Costs linc Pulpit Supply) Organists, and Pianists, Fees etc Music Purchases and Licenses Maintenance of instruments 3.951 2,565 316 2,682 2,485 247 3.193 2,286 1,650 394 Other Expenditure Printing, Copying and Slalionery Sundries 1,638 775 1.659 527 1,455 TOTAL EXPENDITURE 102 199 105 753 SURPLUS I {DEFICIT} FOR THE YEAR Carried forward in General Fund Page3of 4
CATERHAM UNITED REFORMED CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. OTHER CHURCH FUNDS Welfare Legacies Organ Building J Church Manse Balance at 1 January 628 45,356 5,431 16,220 335 INCOME.. Donations l Legacies Rental Income Transfer from General Fund 50(> 4,000 18,229 2,000 500 EXPENDITURE: Organ Work Manse upkeep Lightning Conductor upgrade 4,808 14.744 Balance at 31 December 628 298 335 2023 2022 2021 2. DEBTORS AND PREPAYMENTS Income lax re¢ovÈrable Premises lellings Other amounts owed Pyepaymenls 5,451 2,698 5.587 1.008 6,007 860 1,783 5.159 3. SUNDRY CREDITORS, ACCRUALS AND PROVISIONS Accrued expenditure Premises lellings 4,813 1,131 6,048 1,130 2.329 4. OTHER COLLECTIONS During the year, ¢olle¢tions for non-church a¢tivities and appeals have been made lotalling £1,886. These days, with eleGlroni¢ banking, often donors pay dire¢l lo the charity and this giving does not go through the church's bank acGount. These figures do not include those donations. Caterharn Food Bank Christian Aid COAT IC8terham Overseas Aid Trust) Commitment for Life 275 1,107 504 261 631 575 750 163 460 623 'Catèrham United Reformed Church Charity" . Registered Charity Number 1132558 Page4of 4