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|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|
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||||||||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|
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||||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|
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|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|
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|.|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|
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|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|
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|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|
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|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|
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|MOVEMENT IN FUND|S|||||
|---|---|---|---|---|---|
||||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)|
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|||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|