2021-12-31-accounts - Trust Property Administered By The Mersey Synod Of The United Reformed Church

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			Page
Report ofthe Trustees		1	to	7
Statetuent ofTrustees'	Respousihilitles
Report ofthe Independent Auditors		9	to	11
Statetuent ofFinancial	Activities		12
Statemeut ofFinancial	Position		13
Statement ofCash Flows			14
Notes to the Statement	ofCash I'iowa
Notes to the Financial	Statements	16	to	24
Detailed Statement of	Fiuancial Activities	25	to	26

							2021	2020
					Unrestricted	Restricted	Total	Total
				Notes	fulltl f	funds	fundsf	funds
INCOME AND ENDOWMKNTS			FROM
Donations and legacies					78,709		78,709	12,544
Chatdtable activities
Proceeds from chrurch		disposal				516,254	516,254
Proceeds from manse	disposal					268,895	268)895	226,564
Grants Traniniog costs &grants Building surveys					3,879 5,519	428	428 3,879 5,519	38,729 6,500 5,997
Investment income					176&527		176,527	157,890
Other income					86,739	81)536	168,275	105,131
Total					351,373	867,113	1,218,486	553,355
EXPENDITURE ON
Raising funds				5	28,183		28,183	25,464
Chaidtable activities
Grants Tranining costs &grants					46,508	43&620	43,620 46)508	7,653 46,480
Building suiveys					4,644		4,644
Outreach Ecumenical activity					17,251 21,510		17/51 21,510	13,637 22,177
Charitable activities					1,170		1,170
Welfare grants						478	478	615
Pastoral support Children &youth development					13,872 48&862		13&872 48,862	13,812 44,972
Mause purchases Mission grants Church improvement	&development					911&470 10&053 5,082	911,470 10,053 5,082	49,000 4,136 15,117
Manse uiaintenance & Governance costs		improvement			185)773	53,682 65&381	53,6S2 251,154	66,264 236,312
Total					367,773	1,089,766	1,457)539	545,639
Net gains/(losses) on	investments					483)632	483)632	(245,522)
NET INCOME/(EXPENDITURE)					(161400)	260,979	244,579	(237,806)
RECONCILIATION		OF FUNDS
Total funds brought	forward				337,440	4)561,173	4,898,613	5,136,419
TOTAL rUNDS CARRIED FORWARD					321,040	4,822)152	5,143,192	4,898,613

			31DE	CEMBER 2021
							2021	2020
				Umestricted		Restricted	Total	Total
				fund		funds	funds	funds
			Notes
FIXEDASSETS
Taugible assets Investments			12 13	393&201	100,000 4,722)151		100,000 5&115,352	100,001 4,651,261
				393,201	4,822,151		5&215)352	4,751,262
CURRENT ASSETS
Debtors Cash at.bank and in hand			14	23,957 218,700			23,957 218)700	25,595 576,791
				242)657			242,657	602,386
CREDITORS Atuounts falling due within	one year		15	(193,817)			(193&817)	(334,035 )
NET CURRENT ASSETS				48)840			48)840	268,351
TOTAL ASSETSLESS LIABILITIES	CURRENT			442)041		4,822,151	5,264)192	5,019,613
CREDITORS Amounts falling due a0er	more than one	year	16	(121,000)			(121,000)	(121,000)
NET ASSETS				321,041		4)822,151	5&143,192	4,898,613
FUNDS			17
Unrestricted funds							321,041	337,440
Restricted funds							4)822)151	4,561,173
TOTAL FUNDS							5&143,192	4,89$,613
The finaucial statements	were approved	by the Board of		Trustees and authorised		for issue on ........„, ...J......I,E3..... .„. ..... and
were signed on its behalf	by;

	MERS	EY SYNOD OF UNITED REFORMED CHURCH	EY SYNOD OF UNITED REFORMED CHURCH
		STATEMENT OF CASH FLOWS
	FOR THK YEAR ENDED 31DECEMBER 2021
		Notes	2021f	2020 f.
Cash llows from operating	activities
Cash generated Rom operations			(554,160)	181,348
Net cash (used in)/provided	by operating activities		(554,160)	181,348
Cash flows froni invesiing	activities
Purchase offixed asset investments Sale offixed asset investments			19&542	(944,198) 628,866
Interest received			176,527	157,890
Net cash provided by/(used	in) investuig	activities	196&069	(157,442)
Change in cash and cash equivalents		iu the
reporhng period Cash and cash equivalents	at the beginaing		(358&091)	23,906
ofthe reporting period			576,791	552,885
Cash and cash equivalents	at the end	ofthe
reportlug peidod			218,700	576,791

ACTIVITIES
			2021	2020
			f
Net tncome/(expenditure) Fluaucial Activities)	for the reporting	period (as per the Statement of	244&579	(237,806)
Adjustments for: (Gain)/losses on investments Interest received Decrease in debtors (Decrease)/increase in creditors			(483&632) (176&527) 1,638 (140,218)	245,523 (157,890) 18,424 313,097
Net cash (used in)/provided	hy operations		(554,160)	181,348
ANALYSIS OF CHANGES IN NET FUNDS
		At 1.1.21	Cash flow	At 31.12.21
		f.	I	f.
Net cash
Cash at bank and in hand		576&791	(358&088)	218,700
		576,791	(358,088)	218&700
Total		576&791	(358,088)	218,700

.	DONATIO	NS AND LEG	ACIE	S
							2021	2020I
	Gifis						840	840
	Donations						77,869	l 1,704
							78,709	12,544
.	INVESTME)NT INCOME						2021	2020
								8
	Investment	income					176,527	157,890
	INCOME	FROM CHARITABLE ACTIVITIES
							2021	2020
				Activity
	Proceeds fiom church disposals			Proceeds	from chrurch	disposal	516,254
	Proceeds Grants	fi'om manse disposal		Proceeds Grants	fiont manse	disposal	268,895 428	226,564 38,729
	Grants			Tranining	costsk grants		3,879	6,500
	Grants			Building	sutveys		5)519	5,997
							794)975	277,790
	Grants received, included		in the	above, are	as follows:		2021	2020
							8
	Tfanllllg Building	gl'a)Its surveys					3,879 5,519	6,500 5,997
							9,398	12,497
5.	RAISING FUNDS
	OTHER	TRADING ACTIVITIES
							2021	2020
	h						749	107

INVESTMENT M	ANAGEMENT COSTS
				2021	2020
Portfolio management				27,434	25,357
Aggregate alnounts				28)183	25,464
CHARITABLE ACTIVITIES COSTS
			Grant
			fulkhng of
			actlvltles	Support
		Direct	(see note	costs (see
		Costs	7)	note 8)	Totals
Grants Tranining costs &grants			43,620 46,508		43,620 461508
Building surveys			4,644		4,644
Outreach			17,251		17)251
Ecumenical activity			21,510		21,510
Charitable activities			1,170		1)170
Welfare grants			478		478
Pastoral support Children &youth development			13,872 48,862		13,872 48,862
Mause purchases		911,470			911,470
Mission grants			10,053		10,053
Church improvement	&development		5,082		5,082
Manse maintenance	&improvement		531682		53&682
Governance costs				251,154	251,154
		911,470	266,732	251&154	1&429&356
GRANTS PAYABLE
				2021f	2020 f,
Grants Tranining costs &grants				43,620 46,508	7,653 46,480
Building smveys				4,644
Outreach				17,251	13,637
Ecumenical activity				21)510	22,177
Charitable activities				1,170
Welfare grauts				478	615
Pastoral support				13,872	l3,812
Children & youth development				48,862	44,972
Manse purchases					49,000
Mission grants				10,053	4,136
Church improvement	&development			5,082	15,117
Manse maintenance	&ilnprovement			53,682	66,264
				266,732	283,863

TANGIBLE FIXEDASSETS
	Freehold	Motor	Computer
COST	property	vehicles f	equipment f	Totals f
At I January 2021 and 31 December 2021	100,000	13&131	25,635	138,766
DEPRECIATION
At I January 2021 Charge for year		13,131	25,634 I	38,765 I
At 31December 2021		13&131	25&635	38&766
NET BOOK VALUE
At 31December 2021	100,000			100&000
At 31 December 2020	100,000			100,001

		Listed
		investments
MARKET VALUE
At I Janumy 2021 Additions		4,651&261 904&938
Disposals Revaluations		(835,609) 394,762
At 31December 2021		5,115&352
NET BOOK VALUE
At 31 December 2021		5&115,352
At 31 December 2020		4,651,261
There were no investment	assets outside the UK.

			Listed
			Investnrents
			f
Valuation Cost	in	2021	720,444 4,394,908
			5,115)352

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	f	f,
Other debtors	23)957	25,595
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2021	2020
	K	f.
Other creditor Accmals and deferted income	177,156 16,661	317,961 16,074
	193,817	334,035
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR	2021	2020
		f.
	121&000	121,000

MOVEMENT IN FUND
		Net	Transfers
		movement	between	At
	At 1.1.21	r&1 f&lllrls	funds	31.12.21
	f,		f.
Unrestricted funds General fund	337,440	(16,399)		321,041
Restricted funds
Church extension 61development Manses property reserve Manses scheme Welfare Redundancy Mission grants Unrealised gaius/losses Staff &nunisters pension fund Alternative nunistries	2&423,676 100&000 1,291)837 4&015 15&000 547,461 94&844 77,622	442)990 (7(5&927) (48) (4&528) 483,631 57,362 (2)388)	(85,048) 79,523	2)781&618 100)000 575,910 3,967 15)000 74,995 I)031&092 152,206 75)234
Birchwood mission Another place	6,718	(5)525) 5)411	5,525	12,129
	4,561,173	260,978		4,822&151
TOTAL FUNDS	4,898,613	244,579		5)143&192

		Incolnnlg	Resources	Gains and	Movelnent
		resources	expended	losses	ul funds
			5
Unrestricted funds
General fund		351&373	(367,772)		(16,399)
Restricted funds
Church extension &development Manses schenle Welfare Mission grants Unrealised gains/losses Staff&miuisters peusion fund Alternative ministries Birchwood mission Another place		522,565 268,896 430 (1) 57,362 17,861	(79&575) (984,823) (478) (4&528) (2,388) (5,525) (12,450)	483,632	442,990 (715,927) (48) (4,528) 483,631 57,362 (2,388) (5&525) 5)411
		867)113	(1,089,767)	483,632	260,978
TOTAL FUNDS		1,218,486	(1,457,539)	483,632	244,579
Comparatives for moveruent	in funds
			Net	Tmnsfers
			movement	benveen	At
		At 1.1.20	nl funds	ftmds	31.12.20
		f.
Uurestricted funds
General fund		397,661	(60,221)		337,440
Restricted funds
Church extension &development Manses property reserve Manses scheme Welfare Redundancy Mission grants Unrealised gains/losses Liverpool City Centre Staff&ministers pension fund Alternative ministries Birchwood mission Another place		2,467,153 100,000 1,205,833 4,030 15,000 7,497 792,982 418 94,844 44,579 3,848 2,574	(47,466) 86,004 (15) (3,508) (245,521) (418) 33,043 (3,848) 4,144	3,989 (3,989)	2,423,676 100,000 1,291,837 4,015 15,000 547,461 94,844 77,622 6,718
		4,738,758	(177,585)		4,561,173
TOTAL FUNDS		5,136,419	(237,806)		4,898,613

Comparative net niovement in funds, include	d in the above are as follo	ws:
	lllcollllllg	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds General fund	267,020	(327,241 )		(60,221)
Restricted funds Church extension & development Manses sclleme Welfare Mission grants Umealised gains/losses Livmpool City Centre Alternative ministries Birchwood niission Another place	(1) 226,565 600 40,127 629 18,414	(47,465) (140,561) (615) (3,508) (418) (7,084) (4,477) (14,270)	(245,522)	(47,466) 86,004 (15) (3,508) (245,521) (418) 33,043 (3,848) 4,144
	286,335	(218,398)	(245,522)	(177,585)
TOTALFUNDS	553,355	(545,639)	(245,522)	(237,806)

		FOR THK YEAR ENDED 31	DECEMBER 2021
			2021	2020
INCOME AND ENDOWMENTS
Donations and legacies Gills			840	840
Donations			77,869	11,704
			78,709	12,544
Invesnuent incorue
lnvesunent income			176,527	157,890
Charitable activities
Proceeds fiom church disposals Proceeds from manse disposal Grants			516,254 268,895 9,826	226,5Ci4 51,226
			794,975	277,790
Other income Office sales			490	291
Other income			76,982	15,877
Rental income			90&803	88,963
			168,275	105,13I
Total incoming resources			1,218,486	553,355
EXPENDITURE
Other trading activities Purchases			749	107
Investment managenient Portfolio iuanagemeut	costs		27,434	25,357
Charitable activities
Purchase ofmenses			911&470
Ecumenical, mission aod	training	costs	266,732	283,863
			1,178)202	283,863
Supp or t costs
Governance costs
Wages Auditors' remuneration			120,258 3)258	116,104 6,4l6
Carried forward			123&516	122,520