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|---|---|---|---|---|
|Report ofthe Trustees||I|to|9|
|Statement ofTrustees'|Responslbiliiies||10||
|Report ofthe Independent
Auditors||11|to|13|
|Statement ofFinancial|Activities|14|to|15|
|Statement ofFinancial|Position||16||
|Statement ofCash Flows|||17||
|Notes to the Statement|ofCash Flows||18||
|Notes to the Financial|Statements|19|to|29|
|Detailed Statement of|Financial Activities|30|to|31|
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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||||||Notes|f,|I|||
|INCOME AND ENDOWMENTS FROM||||||||||
|Donations
and legacies||||||12,635||12,635|78,709|
|Charitable
activities||||||||||
|Proceeds fiom cbrurch|||disposal||||505,026|505&026|516,254|
|Proceeds from manse||disposal|||||1,486)685|1,486,685|268,895|
|Grants|||||||450|450|428|
|Tranining
costs &grants||||||3)527||3)527|3,879|
|Building surveys|||||||||5,519|
|Investment
income||||||177,059||177,059|176,527|
|Other income||||||87,719|135,589|223)308|168,275|
|Total||||||280840|2)127&750|2,408,690|1718,486|
|EXPENDITURE|ON|||||||||
|Raising funds||||||||||
|Other trading activities|||||5|1,167||1,167|749|
|Investment
management||||costs|6|24,171||24,171|27,434|
|||||||25)338||25,338|28,183|
|Charitable
activities||||||||||
|Grants|||||||||43,620|
|Tranining
costs &|grants|||||17)006||17)006|46,508|
|Building surveys||||||4&365||41365|4,644|
|Outreach||||||15,036||15,036|17,251|
|Ecumenical
activity||||||201109||20,109|21,510|
|Charitable
activities||||||1)450||1,450|1,170|
|Welfare grants|||||||901|901|478|
|Pastoral support||||||13,486||13,486|13,872|
|Children &youth|development|||||49,223||49&223|48,862|
|Manse purchases|||||||||911,470|
|Mission grants|||||||40,960|40)960|10,053|
|Church improvement|||dt|development|||91)403|91,403|5,082|
|Manse maintenance||&improvement|||||93,399|93,399|53,682|
|Governance
costs||||||169,667|81)908|251)575|251,154|
|Other||||||320&000|730,000|1,050,000||
|Total||||||635,680|1,038,571|1)674)Z51|1,457,539|
|Net gains/(losses)|on investments||||||(385Q71)|(385371)|483,632|
|NKT INCOME/(EXPENDITURE)||||||(354,740)|703,808|349&068|244,579|
|Transfers between||funds|||18|3,410,628|(3&410,628)|||
|Net movement
in|funds|||||3&055,888|(2,706,820 )|349,068|244,579|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|f,|8|5|f,|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought forward|||321,041|4,822)151|5,143,192|4,898,613|
|TOTAL FUNDS CARRIED FORWARD|||3&376&929|2&115/31|5)492&260|5,143,192|
##
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##
||31DEC|EMBER2022||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
||Notes|funds|Rnds
f|fundsf|funds|
|FIXEDASSETS||||||
|Tangible assets
Investments|13
14|3,727,492|100&000
2)015/31|100,000
5,742,823|100,000
5,115,352|
|||3&727,492|2,115,331|5,842,823|5/15,352|
|CURRY% ASSETS||||||
|Debtors|15|23,106||23,106|23,957|
|Cash at bank and in hand||259,542||259&542|218,700|
|||282)648||282,648|242,657|
|CREDITORS||||||
|Amounts
falling due within one year|16|(353/11)||(353811)|(193,817)|
|NET CURRENT ASSETS||(70,563)||(70)563)|48,840|
|TOTAL ASSETSLESSCURRENT
LIAB~||3)656)129|2&115,331|5)772/60|5,264,192|
|CREDITORS||||||
|Amounts
falling due after more than one year|17|(280,000)||(280,000)|(121,000)|
|NET ASSETS||3,376,929|2,115)331|5)492460|5,143,192|
|FUNDS||||||
|Unrestricted
funds||||3&376,929|321,041|
|Restricted funds||||2)115,331|4,822,151|
|TOTALFUNDS||||5,492,260|5,143,192|
##
##
||||2022|2021|
|---|---|---|---|---|
|||Notes|8|5|
|Cash flows from operating
activities
Cash generated
fiom operations|||876,625|(554,160)|
|Net cash provided by/(used|in) operating|activities|876&625|(554,160)|
|Cash flows from investing|activities||||
|Purchase offixed asset investments|||(1,000,001)||
|Investment
portfolio cash account
Interest received|||(12&841)
177&059|19,542
176,527|
|Net cash (used in)/provided|by investing|activities|(835)783)|196,069|
|Change in cash and cash
the reporfing
period|equivalents|ln|40,842|(358,091)|
|Cash and cash equivalents
beginning
ofthe reporting|at the
period||218)700|576,791|
|Cash and cash equivalents
the reporting
period|st the end|of|259,542|218,700|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Net income|for the|reporting|period (as per the Statement ofFinancial|||
|Activities)||||349,068|244,579|
|Adjustments|for:|||||
|Losses/(gain)|on investments|||385871|(483,632)|
|Interest received||||(177,059)|(176,527)|
|Decrease in|debtors|||851|1,638|
|increase/(decrease)||in creditors||318&394|(140,218)|
|Net cash provided||by/(used|ln) operations|876,625|(554,160)|
|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.22|Cash flow|At31.12.22|
|Net cash||||
|Cash at bank and in hand|218&700|40,842|259&542|
||218&700|40,842|259&542|
|Total|218&700|40&842|259,542|
##
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##
##
|2.|DONATIO|NS
AND LEG|ACIE|S||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||8||
||Gitts|||||840|840|
||Donations|||||11,795|77,869|
|||||||12)635|78,709|
|3.|INVESTMENT INCOME|||||||
|||||||2022|2021|
|||||||8||
||Dividends|and interest received||||177)059|176,527|
||INCOME FROM CHARITABLE AC11VITIES|||||||
|||||||2022|2021|
|||||Acnvity||||
||Proceeds fiom church|||||||
||disposals|||Proceeds|fiom chrurch disposal|505,026|516,254|
||Proceeds|fiom roanse||||||
||disposal|||Proceeds|fiom manse disposal|1,486,685|268,895|
||Grants|||Grants||450|428|
||Grants|||Tranining|costs4grants|3,527|3,879|
||Grants|||Building surveys|||5,519|
|||||||1,995,688|794,975|
||Grants received, included||in the|above, are as follows:||||
|||||||2022|2021|
|||||||8|8|
||Tfallnllg|grsllts||||3&527|3,879|
||Building|surveys|||||5,519|
|||||||3,527|9,398|
|5.|OTHER|TRADING ACT~S||||||
|||||||2022|2021|
|||||||8||
||Purchases|||||1,167|749|
##
##
|6,|INVESTMENT MANAGEMENT|INVESTMENT MANAGEMENT|COSTS||2022|2021|
|---|---|---|---|---|---|---|
||||||5|6|
||Portfolio management||||24&171|27,434|
|7.|CHARITABLE ACTIVITIES COSTS||||||
|||||Grant|||
|||||funding of|||
|||||sctlvrtles|Support||
|||||(see note|costs (see||
|||||8)|note 9)|Totals|
|||||f.|f,|f.|
||Tranining
costs & grants|||17,006||17,006|
||Building
surveys
Outreach|||4,365
15,036||4&365
15,036|
||Ecumenical
activity
Charitable
activities|||20,109
1,450||20,109
11450|
||Welfare grants
Pastoral support
Children &youth development
Mission grants|||901
13,486
49,223
40,960||901
13)486
49,223
40)960|
||Church improvement|&development||91,403||91&403|
||Manse maintenance
Governance
costs|&impmvement||93,399|251)575|93&399
251,575|
|||||347,338|251,575|598)t13|
|8.|GRANTS PAYABLE||||2022|2021|
||Cnants|||||43,620|
||Tranining
costs &grants
Building surveys
Outreach||||17&006
4)365
15)036|46,508
4,644
17,251|
||Ecumenical
activity
Charitable
activiBes||||20&109
1&450|21,510
1,170|
||Welfare grants
Pastoral support
Children &youth development
Mission grants
Church improvement
&development
Manse maintenance
&improvement||||901
13,486
49,223
40,960
91,403
93)399|478
13,872
48,862
10,053
5,082
53,682|
||||||347/38|266,732|
##
##
##
|SUPPORT|COSTS||
|---|---|---|
|||Governance|
|||costs|
|Other resources expended||1,050,000|
|Governance|costs|251,575|
|||1,301,575|
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Other||||
||||||resources|Governance|Total|Total|
||||||expended
I|costs|activities
0|activities
I|
||Wages|||||116,194|116&194|120,258|
||Auditors'|remuneration||||8&758|8,758|3,258|
||Legal|||||17,179|17&179|26,192|
||Post print|tk stationery||||5)418|5,418|7,006|
||Telephone|||||2&917|2,917|3,633|
||Insurance|||||32)983|32,983|32)417|
||Rent|||||4,770|4,770|8,367|
||Light &heat|||||3,756|3&756|1,651|
||Repairs|||||6&306|6)306|10)493|
||Synod officers expenses|||||6,517|6,517|5,247|
||Sundry expenses
Synod committees
expenses|||||37&418
2)673|37&418
2,673|16,468
2/89|
||ITsupport
Bank charges and interest|||||6,249
437|6,249
437|12,801
374|
||Support for ministers||pension|fund|1,050,000||1,050)000||
||||||1,050&000|251,575|1,301&575|251,154|
|10.|AUDITORS' REMUNERATION||||||||
||||||||2022|2021|
|||||||||I,|
||Fees payable to the charity's|||auditors for the audit ofthe charity's||financial|||
||statements||||||8)758|3,258|
##
##
##
##
|12.|STAFI&' COSTS||||||
|---|---|---|---|---|---|---|
||||||2022I|2021|
||Wages and salaries||||116,194|120,258|
||||||116&194|120,258|
||The average monthly
number ofemployees||during the year was as follows:||||
||||||2022|2021|
||Synod staff||||9|7|
||No employees received emoluments|in excess off60,000.|||||
|13.|TANGIBLE FIXED ASSR&TS||||||
||||Freehold|Motor|Computer||
||||property|velucles|equipment|Totals|
||||f,|f.|||
||COST||||||
||At 1 January 2022 and 31 December|2022|100,000|13,131|25&635|138&766|
||DEPRECIATION||||||
||At 1January 2022 and 31December|2022||13,131|25,635|38)766|
||NET BOOKVALUE||||||
||At 31December 2022||100)000|||100,000|
||At 31December 2021||100,000|||100,000|
##
##
##
|FIX8'D ASSETINVEST|MENTS|||
|---|---|---|---|
||||Listed|
||||investments|
|~&TVALUE||||
|At 1 January 2022
Additions|||5,115,352
1,000&000|
|Revaluations|||(372,529)|
|At 31December 2022|||5,742,823|
|NKT BOOKVALUE||||
|At 31December 2022|||5)742,823|
|At 31December 2021|||5,115,352|
|There were no investment|assets outside the UK.|||
|Cost or valuation
at 31December 2022 is represented||by;||
|Cost or va|luat|ion
at 31December 2022 is represented
by;||
|---|---|---|---|
||||Listed|
||||investments|
||||5|
|Valuation|in|2021|720&444|
|Valuation|in|2022|(92,973)|
|Cost|||5,115)352|
||||5&742,823|
##
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||0||
|Other creditors||298&470|177,156|
|Support for ministers
Accruals and deferred|pension fund
income|40,000
14,741|16,661|
|||353&211|193,817|
|CREDITORS: AMOUNTS FALLING DUE~&MORE THAN ONE YF&&R||||
|||2022
0|2021I|
|Other creditors|||121000|
|Support for ministers|pension fund|280,000||
|||280,000|121,000|
|The creditor of$121,000 is|The creditor of$121,000 is|the proceeds|the proceeds|the proceeds|fiom the sale of the|fiom the sale of the|former
Hampton|former
Hampton|Road URC which|Road URC which|is due to
be|
|---|---|---|---|---|---|---|---|---|---|---|---|
|paid
to Scarisbrick
Estates
under
a reversionary
clause.
Efforts
made
by the
charity's
solicitors
to
arrange
payment
ofthis debt have been delayed
due to the requirement
of a scheme to be set up in relation
to the
funds.
During
the current
year this creditor
has been reclassified
to be included
within
amounts
falling
due within
one||||||||||||
|year.||||||||||||
|MOVEMT&&(T IN FUNDS||||||||Net|Transfers|||
|||||||||movement|between||At|
|||||||At l.l.22||in funds|funds||31.12.22|
|||||||f,||I|||f.|
|Unreshdcted
funds||||||||||||
|General fund||||||321&041||(34&740)|17,860||304&161|
|Designated
funds||||||||(320,000)|3&392,768||3&072,768|
|||||||321,041||(354,740)|3,410,628||3@76&929|
|Restricted funds||||||||||||
|Church extension &development
Manse pmperty
reserve
Manse scheme||||||2,781&618
100,000
575&910||364,415
1&374,145|(3&146&033)||100,000
1&150&055|
|Welfare||||||3g67||(451)|(3,516)|||
|Redundancy
Mission grants
Unrealised
gains/losses||||||15,000
74J95
1,031&092||(35&003)
(385,370)|(15,000)
(39,992)
(645,722)|||
|Ministers pension fund
Altemahve
ministries
fund||||||152&206
75&234||(603&744)
(9858)|451&538||65,276|
|Birchwood mission||||||||(5,957)|5&t57|||
|Another Space||||||12,129||5,731|(17,860)|||
|||||||4&822,151||703,808|(3,410,628)||2,115,331|
|TOTAL FUNDS||||||5&143&192||349&068|||5&492&260|
##
##
##
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||I|6|5||
|Unrestricted
funds|||||||
|General fund|||280g40|(315,680)||(34,740)|
|Designated
funds||||(320,000)||(320,000)|
||||280)940|(635,680)||(354,740)|
|Restricted funds|||||||
|Church extension &development|||505,026|(140,611)||364&415|
|Manse scheme|||1)486,686|(112,541)||1)374,145|
|Welfare|||450|(901)||(451)|
|Mission grants||||(35)003)||(35&003)|
|Unrealised
gains/losses|||I||(385&371)|(385,370)|
|Ministers pension fund|||126,257|(730,001)||(603,744)|
|Alternative
ministries|fund|||(9)958)||(9,958)|
|Birchwood mission||||(5g57)||(585'7)|
|Another Space|||9,330|(3&599)||5,731|
||||2,127)750|(1,038,571)|(385)371)|703)808|
|TOTAL FUNDS|||2,408,690|(1)674,251)|(385)371)|349,068|
|Comparatlves
for movement||in funds|||||
|||||Net|Transfers||
|||||ruovement|between|At|
||||At 1.1.21|in funds|funds|31.12.21|
||||f.||6|f.|
|Unrestricted
funds|||||||
|General fund|||337,440|(16,399)||321,041|
|Restricted funds|||||||
|Church extension &development|||2,423,676|442,990|(85,048)|2,781,618|
|Manse property
reserve
Manse scheme|||100,000
1,291,837|(715,927)||100,000
575,910|
|Welfare|||4,015|(48)||3,967|
|Redundancy|||15,000|||15,000|
|Mission grants
Unrealised
gains/losses|||547,461|(4,528)
483,631|79,523|74,995
1,031,092|
|Ministers pension
fund
Alternative
ministries
fund|||94,844
77,622|57,362
(2,388)||152,206
75,234|
|Birchwood mission||||(5,525)|5,525||
|Another Space|||6,718|5,411||12,129|
||||4,561,173|260,978||4,822, 151|
|TOTAL FUNDS|||4,898,613|244,579||5,143,192|
##
##
##
|MOVEMENT IN FUNDS|MOVEMENT IN FUNDS|- continued|- continued||||
|---|---|---|---|---|---|---|
|Comparative
net movement||in funds, included in the above are as||follows:|||
||||Incoming|Resources|Gains and|Movement|
||||lesoilrces|expended|losses|in funds|
||||||8|6|
|Unrestricted
funds|||||||
|General fund|||351,373|(367,772)||(16,399)|
|Restricted funds|||||||
|Church extension &development|||522,565|(79,575)||442,990|
|Manse scheme|||268,896|(984,823)||(715,927)|
|Welfare|||430|(478)||(48)|
|Mission grants
Unrealised
gains/losses
Ministers pension fund
Alternative
ministries
fund|||(1)
57,362|(4,528)
(2,388)|483,632|(4,528)
483,631
57,362
(2,388)|
|Birchwood mission||||(5525)||(5525)|
|Another Space|||17,861|(12,450)||5,411|
||||867,113|(1,089,767)|483,632|260,978|
|TOTAL I'UNDS|||1,218,486|(1,457,539)|483,632|244,579|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||FORTHE YEAR ENDED 31|DECEMBER 2022||
|---|---|---|---|---|
||||2022|2021|
||||f.||
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies
Gifts
Donations|||840
11,795|840
77,869|
||||12,635|78,709|
|Investment
income|||||
|Dividends
and interest received|||177,059|176,527|
|Charitable
activities|||||
|Proceeds fiom church disposals
Proceeds fi'om manse disposal
Grants|||505)026
1&486,685
3/77|516,254
268,895
9,826|
||||1,995,688|794,975|
|Other income
Office sales
Other income
Rental income|||1,161
139)158
82g89|490
76,982
90,803|
||||223&308|168,275|
|Total incomtng
resources|||2,408,690|1,218,486|
|EXPENDITURE|||||
|Other trading
activities
Purchases|||1,167|749|
|Investment
management
Portfolio management|costs||24,171|27,434|
|Charitable
activities
Purchase ofmenses
Ecumenical,
mission and|tmining|costs|347,338|911,470
266,732|
||||347)338|1,178,202|
|Supportcosts|||||
|Governance
costs|||||
|Wages
Auditors'
remuneration
Carried for&sard|||116,194
8&758
124,952|120,258
3,258
123,516|
##
|||TRUST PROPERTY ADMINISTERED BYTHE
MERSKY SYNOD OF UNITED REFORMED CHURCH|||
|---|---|---|---|---|
|||DETAILED STATEMENT OF FINANCIAL AC~S|||
|||FORTHE YEAR ENDED 31DECEMBER 2022|||
||||2022|2021|
||||f||
|Governance
costs|||||
|Bmught forward|||124,952|123,516|
|Legal|||17&179|26,192|
|Post print /k stationery|||5,418|7,006|
|Telephone|||2)917|3,633|
|Iosumnce|||32&t83|32,417|
|Rent|||4,770|8,367|
|Light dr heat|||3)756|1,651|
|Repairs|||6)306|10,493|
|Synod officers expenses|||6,517|5,247|
|Sundry expenses|||37&418|16,468|
|Synod conimittees
expenses|||2)673|2,989|
|ITsupport|||6,249|12,801|
|Bank charges and interest|||437|374|
|Support for ministers|pension fund||1,050&000||
||||1)301,575|251,154|
|Total resources expended|||1,674)251|1,457,539|
|Net income/(expenditure)||before gains and|||
|losses|||734)439|(239,053)|
|Realised recogoised gains||and losses|||
|Realised gains/(losses)|on|fixed asset investments|(385,371)|483,632|
|Net income|||349,068|244,579|