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LION WALK
UNITED REFORMED CHURCH CHARITY ACCOUNTS 2023
***
Charity Registration Number 1132811
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK UNITED REFORMED CHURCH CHARITY
Accounts for the year ending 31[st] December 2023
Pages 3 to 7: Report of the Trustees
Page 8: Independent Examiner’s report
Page 9: Statement of Financial Activities Page 10: Balance Sheet Pages 11 – 17: Notes to the accounts
There will be an opportunity at the Annual Church Meeting on the 17 April 2023 for Church Members to raise any queries they may have.
Page 2 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
Report of the Trustees
The trustees present their annual report on the affairs of the charity, together with the financial statements and independent examiner’s report for the year ended 31[st] December 2023.
The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102.
Administrative information
Lion Walk United Reformed Church Charity is a local church of the United Reformed Church in Great Britain and is a member church of the Eastern Synod. It was registered on the 19[th ] of November 2009 as Charity Number 1132811.
The church is situated in the Lion Walk Precinct, Colchester, CO1 1LX.
The members of the Elders’ Meeting are recognized as the charity trustees. Those who served from the 1[st] January 2023 until the date this report was approved are:
Colin Baldock, Grace Baldock, Susan Boddy, Louise Brooks, Kenneth M Forbes, Carol Frederiksen, Linda Hart, Diana Jones, Abimbola Oshisanwo, Ian Ray, Colin Roxby, Chris Samuel, Claire Smith, Anne Tomkinson, Serena Williams.
Chris Samuels and Claire Smith retired as Trustees, and Colin Baldock, Grace Baldock and Carol Frederiksen were appointed as Trustees at the Annual General Meeting on 17 April 2023.
The church building, car park in Vineyard Street and the manse at 20 Reynolds Avenue are vested in the United Reformed Church (Eastern Province) Trust as custodian trustees and held for the benefit of Lion Walk URC in accordance with the trusts applicable to URC properties.
Structure, Governance and Management
The activities of Lion Walk United Reformed Church are overseen by the Elders’ Meeting of the Church in accordance with the provisions of the Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church and supplemented by the rules of Lion Walk Church. The governing document of the registered charity is a statement adopted by the Church Meeting on the 17[th] August 2009.
The Elders’ Meeting is responsible for the financial administration of the Church and the care and maintenance of the church premises and the manse. The Church Meeting (all members are entitled to attend) gives general guidance on the life and work of the Church.
The members of the Elders’ Meeting are the minister in pastoral charge (if any) and up to 12 members of Lion Walk Church nominated and elected by the members of Lion Walk Church in Church Meeting. The Elders’ Meeting may also co-opt additional members to serve at any time subject to ratification by Church Meeting. Elders may serve for four years, retire by rotation but may be re-elected to a second term, after which they must stand down for one year.
The Elders’ Meeting is assisted in the administration of the Church and its property by committees established for Finance, Property, ICT and Outreach. The Finance Committee was put in abeyance at the end of November 2023. Finance matters are overseen by the Finance Group, appointed by the Meeting Elders, and consists of the Treasurer, the Church Secretaries, the Minister and the Gift Aid Secretary.
Page 3 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
Objectives and Activities
As a local congregation of the United Reformed Church, Lion Walk URC seeks to advance the Christian religion through its activities, by providing facilities offered to the community and by promoting and hosting concerts and other events of religious and cultural interest.
The Elders’ Meeting is aware of the Charity Commission’s guidance on public benefit in ‘The Advancement of Religion for the Public Benefit’ and has regard to it in the administration of the Church. The Elders’ Meeting believes that the Church provides benefit to the public by:
-
Providing resources and facilities for public worship, pastoral care, and for spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers.
-
Promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and Society as a whole.
Through 2023 the Church raised money for charitable causes year, which have been disbursed as follows:
Various charities/organisations across the UK – £9,134 Various charities/organisations local to Colchester – £3,580 Commitment for Life Appeal – £8,377 (including Gift Aid tax receipts)
Financial Review
This report was prepared by the Treasurer on behalf of the Meeting Elders.
The Church accounts have eight funds, each designed for a specific purpose as follows:
-
General Fund – This is the Church’s general fund to which all income and expenditure goes unless specifically allocated to one or more of the following designated or restricted funds.
-
Property Maintenance Fund – This is designated for the management and maintenance of the church’s property and derives most of its income from the portion of shop rents[1] allocated to the Church by the Eastern Synod of the URC.
-
Legacies Fund – This receives legacies left to the church and the fund is designated primarily for the purchase of new (or improved) equipment and for the purchase of flowers.
-
Outreach Fund – This receives income from various sources and is designated for general charitable work, mostly by way of donations to local, national and international charities.
-
Organ Fund – This is designated for the routine tuning and repair costs of the church’s organ and pianos.
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Choir Fund – This fund was established in 2017 by way of a legacy from the estate of Eva Hopping, whose wish was that it be restricted for the support and development of music in the church.
-
Special Collections – This restricted fund is simply a home for monies collected during the year (e.g. Commitment for Life and Christmas Appeals) where the money comes in and goes straight out to designated organisations/charities.
-
Special Events – This fund was created late in 2018 and is designated to provide a means to manage fund raising events where an element of trading occurs and transactions could be clearly separated and tracked.
Reports on the funds follow.
1 These rents are derived from retail premises that occupy land owned by the URC within the Lion Walk Shopping Precinct in Colchester and leased to the owners of the precinct.
Page 4 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
General Fund (unrestricted)
Voluntary income, mainly from offerings at church services, via standing orders, through the envelope scheme and one-off donations, together with the Gift Aid claimed on eligible donations totalled £95,445 against a budget of £94,000.
The investment, income from interest retained on the Unit Trust invested with COIF totalled £7,787, £1,037 above budget. This was due to the improved interest paid on the funds.
Two other sources of income to the General Fund are income from letting the premises, on favourable terms to local organisations, and rent from the flat, charged significantly below market rate, of £16,347, and contributions from the Chappel URC and Christ Church URC of £3,087.
The cost of operating the Church in 2023 is £114,437 was lower than the same costs in 2022 by £6,803, and lower than the budgeted cost of £118,324. The lower Ministry and Mission costs is the main contributor to the reduction in cost.
The General Fund ended the year with a reserve of £79,564, £6,387 higher than the value of the fund at the beginning of the year.
Property Maintenance Fund (designated)
The main sources of income to the Property Maintenance Fund in 2023 were shop rent, interest from investments and the URC Eastern Synod’s contribution towards the Service Charge.
The income from the investments was £7,787, slightly more than that received in 2022. The income to the fund from shop rents was lower in 2023 to £20,532, reduced from £22,174 in 2022, due to shop vacancies during the year.
The United Reformed Church Eastern Synod (Synod) continues to contribute 78% of the Service Charge, the same proportion of the shop rents retained by the Synod. As a result, the net expenditure on Service Charge was £6,780.
The five-year tower inspection was conducted this year at a cost of £5,592. The inspection was completed without the need for significant maintenance to the tower and did not reveal work that would need to be carried out in the immediate future.
The value of the units held with COIF increased by £20,326. Despite the increase in in value of the units the Property Maintenance Fund ended the year £4,036 down on the value at the beginning of the year.
Legacies Fund (designated)
The Legacies Fund received legacies of £500 from the estate of the late Jim Nicholson, £5,000 from the estate of the late Stephen Broadhurst and £10,000 from Christ Church URC upon closure in September 2023.
The main expenditure from this fund were for flowers for Mothering Sunday and for people marking significant birthdays/anniversaries, £103, the purchase of card machines used dusting Wednesday Lunches/Concerts and for Freewill Offering, £454, the replacement of the blinds in the Church Office, £1,189, rebranding, £15,281 and new chairs for the church hall and lounges, £7,198.
The Legacies Fund ended the year with a balance of £8,849 against an opening balance of £10,377.
Organ Fund (designated)
The Organ Fund remains viable and continues to provide the funding for the tuning of the pianos and the repair of the organ. The fund ended the year at £1,250.
This fund is in run down, and the costs for repair and tuning costs of the organ and pianos will be met from the General Fund once the fund is depleted.
Page 5 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
Outreach Fund (designated)
The Church continues to support charities working to alleviate suffering in Colchester, the UK and worldwide. Such organisations include large charities such as Amnesty International, Christian Aid and the British Red Cross, as well as local charities such as The Colchester Food Bank, The Colchester and Ipswich Hospitals Charity and the Colchester Night Shelter.
The primary sources of income for this fund are transfers from the General Fund, retiring collections after the Wednesday Lunchtime Concerts, proceeds of the Wednesday Lunches and retiring collections on Communion Sundays.
The funding policy for the Outreach Fund is to transfer funds from the General Fund to ensure it has at least £10,000 at the beginning of the year. The Outreach Fund balance was £18,253 on 1 January 2023 and a transfer from the General Fund was not deemed necessary.
The Outreach Fund received an income of £6,186 from retiring collections at the Wednesday Lunchtime Concerts, £1,530 from the proceeds of the Wednesday Lunches, £1,069 in Gift aid Tax Refunds and £59 in donations.
Donations of £10,528 were made from the fund in 2023. The organisations to which Lion Walk Church donated money are listed in Note 11 on page 17. This list also includes organisations that received donations from Special Collections and Special Events funds.
Choir Fund (restricted)
This fund was formed through a legacy from the late Eva Hopping, a life-long music teacher and steadfast supporter of musical enrichment in Lion Walk Church.
The Choir Fund continues to receive support from the legacy of the late Eva Hopping and a donation £200 was received from her estate.
The only expenditure from this fund was for artist expenses for a chorister who supported the choir during Choral Evensong.
Special Collections (restricted)
In previous years the income to this fund is from the Church Member’s donation to the URC ‘Commitment for Life’ appeal for Christian Aid, from the collections at the Christmas Festival Services and events, and from Gift Aid Tax Refunds on eligible donations received. This year the donations were received for Christian Aid from attendees of events organised during Christian Aid Week.
The donation to the URC Commitment for Life appeal, together with Gift Aid, totalled £8,377 and that for donations during events organised during Christian Aid week £678.
The proceeds from the Christmas Festival services were donated to The Children’s Society, The Next Chapter (formerly known as Colchester and Tendering Women’s Refuge) and Colchester Night Shelter. The donations to The Next Chapter and the Colchester Night Shelter included monies received during the 2022 Christmas Festival Service that were paid in 2023. The money donated to these organisations is detailed on page 17.
Special Events (designated)
There were no special events in 2023.
Page 6 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Lion Walk United Reformed Church Charity Accounts for year ending 31, Decèmber 2023 Comments and Conclusions Governance Costs- The governance and accountancy services costs in 2022 were as follows: Payroll Setvices= £302 Independent Examination of accounts.. £460 No remuneration was made to the church officers or members of the varrous church commiltees. Going Concern - The trLtstees of the Lion Walk United Reformed Chority deem that there are sulficient funds available to Continue to operate on a going concern basis for the foreseeable future. Conclusion- The overall funds of the Church decreased by £4.974 in 2023, de5Plte the intrea5e of £20,326 in the value of the funds held with COIF. The decrease was maFnty due to one the one-off costs of £22,479 for iebranding and new chairs for the hall and lounges. The decrease is significantly less than that of 2022, £51,111 and, with the cvrrent increase in the rate of return on savings and the Units held in COIF, the Trustees are optlmistic thal the overall position of the Church funds will improve In 2024. Overall, these account5 show that the church finances continue to be in a good stale to meet the aims and objectives of Lion Walk United Reformed Church Charity. The foregoing report and ihe occounts were approved by the Meeting Elders on 21, March 2024 and are Sl8ned on its behalf bv- Signed.. J Ary/J/ Date- Kenneth M Forbes. Chairman, Lion Walk United Reformed Church Charlty Lion Walk URC Charity Accounts Page 7 of 17 Examined and Signed
Lion Walk Unlted Reformed Church Charity Accounts for year endlng 31. December 2023 Independent Examiner INOEPENDENT EXAMINER'S REPORT To the Trustees of LION WALK UNITED REFORMED CHURCH Year ended 31" December 2023 I report to the Trustees on my examination of the accounts of Lion Walk United Reformed Church for the year ended 31, Oecember 2023, whith are set OLrt on pages 9 to 15. Respective responsibilitie5 of trustees and examiner The Elders as CharityTru5tee5 of the Church are ¥e5pon5iblefor the preparation of the account5. The Trustees are satisfied that an avdit is not required for this year under settion 144121 of the Charsties Act 2011 (The 2011 Act'l and consider that an independent examination is needed. It is my responsibility to.. txamine the a¢counts und¢r Section 145 of th¢ Chariti¢s Act,. follow the procedures laid down En the generdl Dir¢¢tions given by th¢ Chariry Commtssion (under Se¢rion 145{5llb) of the 2011 Act): to state wh¢theT particula¥ matt$ have come to my attention. Basls ol Independent Examlnerfs Report My ¢x8rnination was ¢arri¢d out in awordan¢¢ with th¢GeneTal Directions given by the Charity Commission¢rs. An examination includes a review of the accounting records kept by the Church and a comparison of the ac¢otmts presented with thos¢ records. It dso includes Consideration of any unusual items or di%losuTes in th¢ aecounls and seeking explanattons fron) the Elders as Trustees con¢erning such matters. The procedures undertaken do not provide all the evidenLe that would be required tn an audil and con5tquently no opinion is given as to wheih¢r the accounts preseni a'lNe and fair" view and my report is limited to those mattels set o in the Statement below. Independent Examinerf5 Statement In connection with my examin3tion, no matter ha5 corne to my attention.. lil which give5 me reasonable cause to believe that in any material respect the requirements.. lal to keep accounting records in accordance with Section 130 of the 2011 Act, and Ibl to prepare accounts which accord with the accwnting records and to comply with the accoLtnting requirements of the 2011 Art have not been met. or 121 to which, in my opinion, attention should be drawn in ofder to enable a proper understanding of the a¢counts to be reached. Signed- Independent Examinef Date.. 18/0¥/24 David Courtier FMAAT AATQ8 on behalf of Community360. WTrnsley's HOUSÈ, Colthestèr, COI IUG on Walk URC Charty Accounts Pa8e 8 of 17 Examined and &gned
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Note INCOME Donations and Legacies 2a Investment income 2b Income from charitable activities 2c Other income 2d EXPENDITURE Fundraising events 3a Charitable activities 3b General church expenditure 3c, 4 Ministerial costs 3d Other recognised gains/(losses) 5 Realised gains / (losses) on investments Unrealised gains / (losses) on investments Total funds carried forward 31 December 2023 TOTAL INCOME TOTAL EXPENDITURE Net incoming/(outgoing) resources before transfers Gross transfers between funds Net income/(expenditure) Net movement in funds Total funds brought forward 1 January 2023 |
Restricted Total Total General Designated Funds 2023 2022 £ £ £ £ £ Unrestricted Funds |
|---|---|
| 93,445 1,069 - 94,514 95,983 7,787 7,787 - 15,574 13,672 - 8,232 9,863 18,095 18,329 19,592 39,032 200 58,824 79,873 |
|
| 120,824 56,120 10,063 187,007 207,857 |
|
| - - - - 3,263 - 13,405 10,565 23,969 20,908 55,366 73,800 100 129,267 115,296 59,071 - - 59,071 68,709 |
|
| 114,437.00 87,205.00 10,665 212,307 208,176 |
|
| 6,387 (31,085) (602) (25,300) (319) - - - - - |
|
| 6,387 (31,085) (602) (25,300) (319) |
|
| - - - - - - 20,326 - 20,326 (50,792) |
|
| 6,387 (10,759) (602) (4,974) (51,111) 73,177 440,929 1,410 515,516 566,627 |
|
| 79,564 430,170 808 510,542 515,516 |
Page 9 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
BALANCE SHEET AS AT 31ST DECEMBER 2023
| Note Tangible assets 6 Long term Investments 7 Total fixed assets Current assets Debtors 8 (Short term) investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Total assets less current liabilities Net assets Funds of the Church: Unrestricted funds 10 Designated funds 10 Restricted funds 10 Total funds |
31 December 2023 31 December 2022 £ £ 16,167 10,097 390,629 370,303 |
|---|---|
| 406,796 380,400 6,646 1,000 87,411 84,394 13,995 54,344 |
|
| 108,052 139,738 | |
| 4,306 4,622 103,746 135,116 |
|
| 510,542 515,516 | |
| 510,542 515,516 | |
| 79,564 73,177 430,170 440,929 808 1,410 |
|
| 510,542 515,516 |
Signed: Date:
Kenneth M Forbes
Chairman, Lion Walk United Reformed Church Charity
Page 10 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
Notes to the Accounts
Accounting Polices
Basis of preparation
The financial statements are prepared under the historical cost convention, as modified for the valuation of investments at fair value, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities (SORP 2019)” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
So far as appropriate, these accounts have been prepared with guidance from the United Reformed Church, and the particular practices used are described below.
1.1 Classification of funds and accounts
The eight funds in operation during 2023 and their use and purpose have been described on pages 5 & 6 of these accounts. All the Designated Funds, which have been set aside for specific purposes, can be returned to the General Fund at any time if the Church Meeting so decides. Restricted Funds are those which cannot be returned to the General Fund and, at present, the only examples are the Choir Fund and Special Collections Fund.
1.2 Cash Flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement.
1.3 Fixed Assets
The Church has three fixed assets on the asset register that are depreciated on the basis of their anticipated useful life.
The land and buildings of the Church’s town centre property (including the car parks and the Manse) are not capitalised as the Charity Commission has recognised that they are held in trust for the Church by the United Reformed Church (Eastern Province) Trust as custodian trustees and are recorded in the Trust books. The contents of the Church premises being provided for in the Property Maintenance Fund.
Long term investments are included at market value. The Statement of Financial Activities (SOFA) includes the net gains and losses arising on revaluation at the year end.
1.4 Income & Expenditure
Income includes cash received (or when its receipt is considered certain - excepting tax recovery on Covenanted and Gift Aid income, which is only recognised on receipt). Expenditure is recognised when payment is made or when a liability has been incurred, but no payment has been made. A legacy is credited in the year it is received.
The expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.
1.5 Taxation
As part of the United Reformed Church, the church is an excepted charity within the meaning of the Taxes Act. Accordingly, it is potentially exempt from corporation tax in respect of income and capital gains received to the extent that such income or gains are applied exclusively to charitable purposes. No provision for taxation has been made in these financial statements.
Lion Walk URC Charity Accounts
Page 11 of 17
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023
| NOTE 2: INCOME 2(a) Donations and Legacies Freewill offering Donations Gift Aid 2(b) Investment income Interest from investments 2(c) Income from Charitable Activities Donations & appeals - Outreach Wednesday Concerts Commitment for Life appeal Christmas appeals Communion collections Christian Aid Collection 2(d) Other Income Shop Rents Flat rental and lettings income Other inome Christ Church and Chappel URC contributions Special events TOTAL INCOME |
Restricted Total Total General Designated Funds 2023 2022 £ £ £ £ £ 70,027 - - 70,027 74,493 3,570 - - 3,570 3,857 19,848 1,069 - 20,917 17,633 Unrestricted Funds |
|---|---|
| 93,445 1,069 - 94,514 95,983 |
|
| 7,787 7,787 - 15,574 13,672 |
|
| 7,787 7,787 - 15,574 13,672 |
|
| - 59 - 59 334 - 7,717 - 7,717 6,627 - - 8,378 8,378 10,022 - - 807 807 893 - 456 - 456 453 - - 678 678 - |
|
| - 8,232 9,863 18,095 18,329 |
|
| - 20,532 - 20,532 22,174 16,347 - - 16,347 15,497 158 8,500 200 8,858 38,003 3,087 10,000 - 13,087 2,638 - - - - 1,561 |
|
| 19,592 39,032 200 58,824 79,873 |
|
| 120,824 56,120 10,063 187,007 207,857 |
Page 12 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023
| NOTE 3: EXPENDITURE 3(a) Fundraising expenditure Special Events 3(b) Charitable activity expenditure Wednesday Concerts Commitment for life Outreach donations and appeals Christmas appeals Christian Aid Collection Donation 3(c) General Church expendture Heat, light & water Rates and insurance Telephone Printing, postage & stationery Church keeper Asst. Church Keeper Church Administrator Organist/music Junior church Flowers Professional fees Sundry Service charges Routine maintenance Lift maintenance Tower maintenance Organ / piano maintenance Choir music Manse maintenance Church housekeeping Bank charges Special large items Recurring fees Depreciation Accounting Services Flat management and maintenance costs 3(d) Ministerial Costs Minstry & Mission Minister's expenses Pulpit supply Manse TOTAL EXPENDITURE |
Restricted Total Total General Designated Funds 2023 2022 £ £ £ £ £ - - - - 3,263 Unrestricted Funds |
|---|---|
| - - - - 3,263 |
|
| - 2,877 - 2,877 2,300 - - 8,377 8,376 10,022 - 10,528 - 10,528 7,700 - - 1,510 1,510 886 - - 678 678 - |
|
| - 13,405 10,565 23,969 20,908 |
|
| 11,724 - - 11,724 10,072 11,302 - - 11,302 8,214 1,525 - - 1,525 1,783 1,660 - - 1,660 853 5,607 16,820 - 22,427 21,673 531 1,594 - 2,126 - 9,432 3,144 - 12,576 10,067 6,800 - - 6,800 6,365 144 - - 144 36 - 103 - 103 544 - - - - 1,810 2,313 888 - 3,201 2,333 - 6,780 - 6,780 4,920 - 17,111 - 17,111 12,399 - 2,877 - 2,877 13,778 - 5,592 - 5,592 - - 1,092 - 1,092 6,524 - - 100 100 50 - 200 - 200 - 1,961 - - 1,961 1,483 299 - - 299 368 - 16,471 - 16,471 11,013 327 - - 327 632 - 1,128 - 1,128 379 762 - - 762 - 979 - - 979 - |
|
| 55,366 73,800 100 129,267 115,296 |
|
| 51,024 - - 51,024 60,504 6,017 - - 6,017 5,967 111 - - 111 250 1,919 - - 1,919 1,988 |
|
| 59,071 - - 59,071 68,709 |
|
| 114,437 87,205 10,665 212,307 208,176 |
Lion Walk URC Charity Accounts
Page 13 of 17
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022
NOTE 4: STAFF COSTS
| NOTE 4: STAFF COSTS | |
|---|---|
| The total emoluments of employees of the Church were: Wages and salaries Social security costs Pension contributions |
2023 2022 £ £ 36,471 29,149 2,229 1,283 656 1,309 |
| 39,357 31,741 |
The average number of employees was 2.25 (2022: 2)
No employee received emoluments in excess of £60,000 during the year (2022: nil).
Eligible employees are enrolled in the NEST pension scheme
NOTE 4: STAFF COSTS
| NOTE 4: STAFF COSTS | |
|---|---|
| The total emoluments of employees of the Church were: Wages and salaries Social security costs Pension contributions |
2023 2022 £ £ 36,471 29,149 2,229 1,283 656 1,309 |
| 39,357 31,741 |
The average number of employees was 2.25 (2022: 2)
No employee received emoluments in excess of £60,000 during the year (2022: nil). Eligible employees are enrolled in the NEST pension scheme
| NOTE 5: GAINS/(LOSSES) The movements on investments over the year Brought forward 1 January 2023: Additions Realised gains Unrealised gains/(losses) on revaluation |
Total Total General Designated Restricted 2,023 2,022 £ £ £ £ £ - 370,303 - 370,303 421,095 - - - - - - - - - - - 20,326 - 20,326 (50,792) Unrestricted Funds |
|---|---|
| - 390,629 - 390,629 370,303 |
The unrealised gain/(loss) is the result of the revaluation of the fixed asset investments from last year.
Investments are valued at bid value as at the balance sheet date and the surplus or deficit over last year's value that arises from this revaluation is shown within ‘net gains / (losses) on investments’ on the SOFA.
Page 14 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023
NOTE 6: FIXED ASSETS
Fixed assets held at balance sheet date
| Cost 1st January 2023 Additions Disposals 31st December 2023 Depreciation 1st January 2023 Charge for Year 31st December 2023 Net Book Value 1st January 2023 31st December 2023 |
Range Cooker Boiler Chairs Total £ £ £ £ 3,790 7,850 - 11,640 - - 7,198 7,198 - - - - |
|---|---|
| 3,790 7,850 7,198 18,838 |
|
| 758 785 - 1,543 379 785 - 1,164 |
|
| 1,137 1,570 - 2,707 |
|
| 3,790 7,850 - 11,640 |
|
| 2,653 6,280 7,198 16,131 |
NOTE 7: LONG TERM INVESTMENTS
| The investment assets held at the balance sheet COIF - Charities Investment Fund COIF - Fixed Interest Fund COIF - Charities Property Fund COIF - Charities Ethical Fund |
General Designated Restricted £ £ £ £ £ - 146,928 - 146,928 134,374 - 81,028 - 81,028 76,696 - 80,473 - 80,473 84,497 - 82,200 - 82,200 74,736 Total 2023 Total 2022 Unrestricted Funds |
|---|---|
| - 390,629 - 390,629 370,303 |
NOTE 8: DEBTORS
| Shop Rent Lettings income due |
Total Total 2023 2022 £ £ 5,761 - 885 1,000 |
|---|---|
| 6,646 1,000 |
NOTE 9: CREDITORS
| NOTE 9: CREDITORS | |
|---|---|
| Employe PAYE and NIC Appeals Christmas Festival Donations Credit card Independent Examination Charge Service Charge Expenses Utility Bills |
Total Total 2023 2022 £ £ - 1,180 2,912 - 735 - 199 772 460 460 - 610 - 222 - 1,378 |
| 4,306 4,622 |
Lion Walk URC Charity Accounts
Page 15 of 17
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023
NOTE 10: MOVEMENT IN FUNDS
| Unrestricted Funds General Fund Unrestricted Sub total General Fund Designated Funds Property Maintenance Fund Sub total Property Maintenance Fund Outreach Fund Sub total Outreach Fund Legacies Fund Sub total Legacies Fund Organ Fund Sub total Organ Fund Special Events Fund Sub total Special Events Fund Total Designated Funds Restricted Funds Special Collections fund Sub total Special Collections Fund Choir Fund Sub total Choir Fund Total Restricted Funds TOTAL - ALL FUNDS |
Opening Funds 1st January 2023 Incoming Outgoing Transfers Gains & Losses Closing Funds 31st December 2023 £ £ £ £ F £ |
|---|---|
| 73,177 120,824 (114,437) - - 79,564 |
|
| 73,177 120,824 (114,437) - - 79,564 409,919 31,319 (55,681) - 20,326 405,883 |
|
| 409,919 31,319 (55,681) - 20,326 405,883 18,253 9,301 (13,405) - - 14,149 |
|
| 18,253 9,301 (13,405) - - 14,149 10,377 15,500 (17,028) - - 8,849 |
|
| 10,377 15,500 (17,028) - - 8,849 2,342 - (1,092) - - 1,250 |
|
| 2,342 - (1,092) - - 1,250 39 - - - - 39 |
|
| 39 - - - - 39 |
|
| 440,930 56,120 (87,206) - 20,326 430,170 702 9,863 (10,565) - - - |
|
| 702 9,863 (10,565) - - - 708 200 (100) - - 808 |
|
| 708 200 (100) - - 808 |
|
| 1,410 10,063 (10,665) - - 808 |
|
| 515,517 187,007 (212,308) - 20,326 510,542 |
Page 16 of 17
Lion Walk URC Charity Accounts
Examined and Signed
Accounts for year ending 31[st] December 2023
Lion Walk United Reformed Church Charity
LION WALK URC - NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023
NOTE 11: GOOD CAUSES SUPPORTED WITH DONATIONS
| Organisation Organisations across the UK Acorn Village Mistiley Amnesty International Anne Robson Trust Benin Christian Support British Red Cross Morocco Earthquake Appeal Centre for action on rape and abuse Christian Aid Christian Aid Libya Flood Appeal Christian Aid Middle East Crisis Appeal Christian Aid Turkey/Syria Earthquake Appeal Christian Blind Mission (UK) Dynamic New Anglicans East Anglia's Children's Hospices Ethiopaid Five Talents Little Lions Playgroup Mamie Martin Foundation Medecins sans Frontières Mildmay Mission Hospital Music in Our Bones Practical Action Refugee Action Sand Dams Worldwide Suffolk Refugee Support The Children's Society The Royal National Institute for Deaf People Tools for Self Reliance Toybox URC Eastern Synod Zambia Partnership Zambia Orphans Aid Total donations to UK based organsations Organisations in Colchester Colchester and Ipswich Hospitals Charity Colchester Food Bank Colchester Korban Colchester Night Shelter Colchester Soup Run English Language A The Next Chapter (East of England) The Rob George Foundation Totals donations to Colchester based organisations Commitment for Life Donation Commitment for Life Total Commitment for Life donation TOTAL DONATIONS |
Donation £ |
|---|---|
| 200 200 200 200 500 250 778 500 1,000 1,000 200 400 200 400 200 40 200 200 200 200 200 200 200 200 266 200 200 200 200 200 |
|
| 9,134 | |
| 200 1,200 200 856 88 200 636 200 |
|
| 3,580 | |
| 8,377 | |
| 8,377 | |
| 21,091 |
Page 17 of 17
Lion Walk URC Charity Accounts
Examined and Signed