2023-12-31-accounts - Cheltenham United Reformed Church

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	11
Independent Examiner's	Report		12
Statement of Financial	Activities		13
Balance Sheet			14
Notes to the Financial Statements		15	to	24

F	OR THE	YEAR EN	DED 31 DECE	MBER 2023
					31.12.23	31.12.22
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6	8	f	F
INCOME AND ENDOWMENTS	FROM
Donations and legacies			46,402	14,725	61,127	103,917
Charitable activities
Ministry and mission			12,605		12,605
Generating funds Investment income			1,416	1,264	1,264 1,416	584 187
Other income			70,744		70,744	61,303
Total			131,167	15,989	147,156	165,991
EXPENDITURE ON
Cost ofgenerating funds Other trading activities			186		186	79
			186		186	79
Charitable activities		8
Ministry and mission Property			100,475 42,477	7,305 9,999	107,780 52,476	82,221 45,958
Total			143,138	17,304	160,442	128,258
Net gains/(losses) on investments			16,442		16,442	(40,889)
NET INCOME/(EXPENDITURE)			4,471	(1,315)	3,156	(3,156)
RECONCILIATION OF FUNDS
Total funds brought forward			282,549	36,873	319,422	322,578
TOTAL FUNDS CARRIED FORWARD			287,020	35,558	322,578	319,422

		31 DEC	EMBER 2023
					31.12.23	31.12.22
			Unrestricted	Restncted	Total	Total
		Notes	funds E	funds 6	funds 8	fundsf
FIXEDASSETS
Investments		15	242,315		242,315	225,873
CURRENT ASSETS
Debtors Cash at bank and	in hand	16	13,841 35,943	1,469 35,202	15,310 71,145	34,825 73,814
			49,784	36,671	86,455	108,639
CREDITORS
Amounts falling due within one year		17	(5,079)	(1,113)	(6,192)	(15,090)
NET CURRENT ASSETS			44,705	35,558	80,263	93,549
TOTAL ASSETS	LESS CURRENT
LIABILITIES			287,020	35,558	322,578	319,422
NET ASSETS			287,020	35,558	322,578	319,422
FUNDS		18
Unrestricted funds					287,020	282,549
Restricted funds					35,558	36,873
TOTALFUNDS					322,578	319,422

									31 12.23 6	31.12.22 f
Standing orders									27,830	26,549
Other collections									6,270	12,237
Gift Aid									9,073	8,264
Outreach collections									7,305	8,448
Donations									8,069	37,559
Levies									2,580	10,860
									61,127	103,917
GENERATING	FUNDS
									31.12.23 6	31.12.22 f
Fundraising events									1,264	584
INVESTMENT INCOME
									31.12.23	31.12.22
									F	6
Deposit account	interest								1,416	187
Investment gains		include		the	reinvestment		of dividends	received.
INCOME FROM		CHARITABLE ACTIVITIES
									31.1223	31.12.22
					Activity				f
Grants					Ministry	and mission			12,605
Grants received,		included		in	the above, are as follows:
									31.12.23	31.12.22
									6
URC (West Midlands)			Trust						12,250
Bennington Hall	Trust								355
									12,605
OTHER INCOME
									31.12.23	31.12.22
										F
Weddings										670
Hall hiring									67,741	56,352
Sunday coffee Church organisations									626 115	357 170
VAT reclaims									1,800	1,484
Sundry income									194	22
Insurance claims										2,172
Token income for electricity									268	76
									70,744	61,303

	OTHERTRADING A	CTIVITIES
.					31 12.23	31.12.22
					F	f
	Catering expenses				186	79
.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 9) f	note 10)	Totals F
	Ministry and mission Property			89,663 10,301	18,1'l7 42,175	107,780 52,476
				99,964	60,292	160,256
9.	DIRECT COSTS OF	CHARITABLE	ACTIVITIES		31.12.23 f	31.12.22 f
	Central Maintenance Ministerial expenses Organist Christian education	and ministry			36,168 5,015 3,240 250	39,659 5,199 2,700 249
	Outreach collections				7,685	9,053
	Wedding expenses Church maintenance				31,773	379 10,973
	Organ/Piano maintenance Manse maintenance				415 5,419	702 510
	Insurance claims					2,272
	Prestbury Share of URCIC Restoration consultancy				9,999	5,496
					99,964	77,192
10.	SUPPORT COSTS
			Premises	Administrative	Governance
			costs F	costs f.	costs f	Totals f
	Ministry and mission Property		42,175	16,947	1,170	18,117 42,175
			42,175	16,947	1,170	60,292

		31.12.23	31.1222
		F	F
Premises Costs
Council tax		1,856	1,562
Insurance		7,950	7,272
Electricity and gas charges Water charges Cleaning and sundries Architect Fees re Spire project		11,233 569 10,569 9,999	15,834 859 9,925
		42,176	35,452
Administrative costs
Telephone and internet Sundries		691 3,682	422 1,004
United Church Office			6,750
Bookings officer Bank and software charges Finance administrator		5,790 217 4,381	4,804
Stationery and subscriptions Administrative expenses		1,483 703	1,535
		16,947	14,515
Governance Costs
Independent Examiner Fee		1,170	1,020
Investment management	fees
		1,170	1,020

	NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 DECE	NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 DECE	NTS -continued MBER 2023
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL		ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			F	8
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		71,439	32,478	103,917
	Generating funds Investment income		187	584	584 187
	Other income		61,303		61,303
	Total		132,929	33,062	165,991
	EXPENDITURE ON
	Cost of generating funds Other trading activities		79		79
			79		79
	Charitable activities
	Ministry and mission Property		73,773 45,958	8,448	82,221 45,958
	Total		119,810	8,448	128,258
	Net gains/(losses) on investments		(40,889)		(40,889)
	NET INCOME/(EXPENDITURE)		(27,770)	24,614	(3,156)
	RECONCILIATION OF FUNDS
	Total funds brought forward		310,319	12,259	322,578
	TOTAL FUNDS CARRIED FORWARD		282,549	36,873	319,422
14.	TANGIBLE FIXEDASSETS
					Freehold
					property
					8
	COST
	At 1 January 2023 and 31 December 2023				182,174
	DEPRECIATION
	At 1 January 2023 and 31 December 2023				182,174
	NET BOOK VALUE
	At 31 December 2023
	At 31 December 2022

FIXED ASSET INVESTMENTS
	Listed
	investments
	6
MARKET VALUE
At 1 January 2023 Revaluations	225,873 16,442
At 31 December 2023	242,315
NET BOOK VALUE
At 31 December 2023	242,315
At 31 December 2022	225,873

			Listed
			investments
Valuation	in	2018	18,366
Valuation	in	2019	39,318
Valuation	in	2020	16,786
Valuation	in	2021	2,292
Valuation	in	2022	(40,889)
Valuation	in	2023	16,442
Cost			190,000
			242,315

DEBTORS:AMOUNTS
	31.12.23 f	31.12.22
Other debtors	11,668	32,235
Gift Aid tax recoveries	3,642	2,590
	15,310	34,825

.					31.12.23	31.12.22
					6	F
	Accrued expenses				6,192	15,090
18.	MOVEMENT IN	FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.23 E	in funds E	funds f	31.1223 f
	Unrestricted funds
	General fund		280,410	27,310	(22,000)	285,720
	Designated fund Maintenance Designated fund	- Property - URC in Cheltenham	346 1,793	(21,859) (980)	22,000	487 813
			282,549	4,471		287,020
	Restricted funds
	Redevelopment WH Roof Fund	funds	16,873 20,000	(1,315)		15,558 20,000
			36,873	(1,315)		35,558
	TOTAL FUNDS		319,422	3,156		322,578

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				E	6	F
Unrestricted funds General fund			117,117	(106,249)	16,442	27,310
Designated Maintenance	fund	—Property	14,050	(35,909)		(21,859)
Designated	fund	- URC in Cheltenham		(980)		(980)
			131,167	(143,138)	16,442	4,471
Restricted	funds
Redevelopment Outreach special		funds funds	8,684 7,305	(9,999) (7,305)		(1,315)
			15,989	(17,304)		(1,315)
TOTAL FUNDS			147,156	(160,442)	16,442	3,156

Comparatives f	or moveme	nt in fund	s
					Net	Transfers
					movement	between	At
				At 1.1.22 6	in funds f	funds E	31.12.22 6
Unrestricted funds
General fund				304,290	(19,319)	(8,150)	276,821
Designated fund Maintenance	- Property			3,991	(8,206)	8,150	3,935
Designated fund	—URC in Cheltenham			2,038	(245)		1,793
				310,319	(27,770)		282,549
Restricted funds
Redevelopment WH Roof Fund	funds			12,259	4,614 20,000		16,873 20,000
				12,259	24,614		36,873
TOTAL FUNDS				322,578	(3,156)		319,422
Comparative net	movement	in funds,	included	in the above	are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended 6	losses 8	in funds E
Unrestricted funds
General fund				129,273	(107,703)	(40,889)	(19,319)
Designated fund Maintenance	—Property			3,656	(11,862)		(8,206)
Designated fund	- URC in	Cheltenham			(245)		(245)
				132,929	(119,810)	(40,889)	(27,770)
Restricted funds
Redevelopment	funds			4,614			4,614
Outreach special funds WH Roof Fund				8,448 20,000	(8,448)		20,000
				33,062	(8,448)		24,614
TOTAL FUNDS				165,991	(128,258)	(40,889)	(3,156)

A current	year 1	2	months	and prior year 1	2 months combin	ed	position is as	follows:
							Net	Transfers
						movement		between	At
					At 1.1.22		in funds	funds	31.12.23
					8		F	f	E
Unrestricted funds
General fund					304,290		7,991	(30,150)	282,131
Designated	fund	—Property
Maintenance					3,991		(30,065)	30,150	4,076
Designated	fund	- URC in		Cheltenham	2,038		(1,225)		813
					310,319		(23,299)		287,020
Restricted	funds
Redevelopment		funds			12,259		3,299		15,558
WH Roof	Fund						20,000		20,000
					12,259		23,299		35,558
TOTAL FUNDS					322,578				322,578
A current	year 12		months	and prior year 12 months combined			net movement	in funds,	included in	t
above are	as follows:
					Incoming	Resources		Gains and	Movement
					resources		expended	losses	in funds
							F	8	8
Unrestricted funds
General fund					246,390	(213,952)		(24,447)	7,991
Designated	fund	—Property
Maintenance					17,706		(47,771)		(30,065)
Designated	fund	- URC in		Cheltenham			(1,225)		(1,225)
					264,096	(262,948)		(24,447)	(23,299)
Restricted	funds
Redevelopment		funds			13,298		(9,999)		3,299
Outreach	special		funds		15,753		(15,753)
WH Roof	Fund				20,000				20,000
					49,051		(25,752)		23,299
TOTAL FUNDS					313,147	(288,700)		(24,447)