**Charity number: 1139310**
**Streatham United Reformed Church Charity**
**Trustees' report and financial statements for**
**the year ended 31 December 2022**
## **Streatham United Reformed Church Charity**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 3**|
|Independent examiners' report|**4**|
|Statement of financial activities|**5**|
|Balance sheet|**6**|
|Notes to the financial statements|**7 - 10**|
## **Streatham United Reformed Church Charity**
## **Legal and administrative information**
**Charity number** 1139310 **Business address** 388 Streatham High Road Streatham London SW16 6HX **Trustees** Mr Ruben Gbewonyo Ms Mercy Amponsaa Nimako (MPhil) Mr Clement Tagoe Ms Sarah Ohwee Amon (FCCA) NatWest **Bankers** Streatham Branch 54 Streatham High Road London SW16 1XE
**Page 1**
## **Streatham United Reformed Church Charity**
## **Report of the trustees**
## **for the year ended 31 December 2022**
The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
The governing instrument of the Charity is distilled from the United Reform Church Acts of Parliament (1971 and 1982) and the Scheme of Union (1972).
The day to day operation of the Charity is controlled and managed by the Trustees.
## **Risk Management**
The Trustees examines the major risks that the Church faces each financial year when preparing and updating the strategic plan. The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate any impact that they may have on the charity.
## **Objectives and activities**
The principal objectives of the Charity are for the benefit of the Public and:
The advancement of the Christian faith for the benefit of the general public in accordance with the Schemes of the Union of United Reformed Church.
## **Achievements and performance**
Streatham United Reformed Church has approximately 45 members, all with their own individual spiritual needs and the Church charitable funds are used to advance the spiritual, educational, recreational and cultural opportunities to the members and the general public.
## **Financial review**
The attached financial statement shows the current state of financial affairs, which the Trustees consider to be satisfactory. The net outgoing resource for the year, which were mostly unrestricted funds, amounted to £4,116. This was added to the net reserve brought forward of £145,793. The total reserve carried forward is £141,677.
Tithes, offerings and letting income are the main sources of income.
## **Plans for future period**
The policies and purposes of the Trust shall continue under the provisions of the Trust deed with regards to the public benefit.
**Page 2**
## **Streatham United Reformed Church Charity**
## **Report of the trustees**
## **for the year ended 31 December 2022**
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
.................................
## **Ms Sarah Ohwee Amon (FCCA)**
**Trustee Date: .....** 21st July 2023 **................................**
**Page 3**
## **Streatham United Reformed Church Charity**
## **Independent examiner's report to the trustees on the unaudited financial statements of Streatham United Reformed Church Charity.**
I report on the accounts of Streatham United Reformed Church Charity for the year ended 31 December 2022 set out on pages 2 to 10.
## **Respective responsibilities of trustees and independent examiner**
The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act).
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination of the church accounts, nothing came to my attention which gave me cause to believe otherwise than that the accounts accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Page 4**
## **Streatham United Reformed Church Charity**
## **Statement of financial activities**
## **For the year ended 31 December 2022**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
62,116
-
Bank interest receivable
3
-
**Total incoming resources**
62,116
246
**Resources expended**
Council tax
2,388
Church cleaning
2,921
Accountancy fee
600
Telephone and faxes
905
Water rates
539
Insurance and licences
9,216
Gas bill
7,151
General expenses
582
Repairs & maintenance
(71)
URC ministry and mission
20,844
Electricity bill
10,720
Hall letting expenses
2,161
Bank charges
5,402
Subscription
384
-
-
-
-
-
-
-
Postage, printing and stationery
-
-
-
Gifts and donation
219
Ministers' fee and expenses
1,872
Depreciation of fixtures and fittings
263
Refreshment and hospitality
314
-
-
-
**Total resources expended**
66,410
-
Total funds brought forward
32,733
113,060
**Total funds carried forward**
28,439
-
-
-
-
-
-
246
113,306|**2022**
**Total**
**£**
62,116
246
62,362
2,388
2,921
600
905
539
9,216
7,151
582
(71)
20,844
10,720
2,161
5,402
384
-
219
1,872
263
314
66,410
145,793
141,745|**2021**
**Total**
**£**
75,825
12
75,387
2,286
1,053
600
918
(609)
8,219
7,823
365
13,352
20,844
8,499
1,050
-
436
-
10
1,995
332
-
67,172
137,127
145,793|
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 7 to 10 form an integral part of these financial statements.**
**Page 5**
## **Streatham United Reformed Church Charity**
## **Balance sheet**
## **as at 31 December 2022**
|**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
6
**Net current assets**
**Net assets**
**Funds**
7
Restricted income funds
Unrestricted income funds
**Total funds**
The financial statements were approved by the trustees on .....
behalf by|**2022**
**£**
**£**
1,023
144,923
144,923
(4,200)
140,723
141,746
113,306
28,439
141,746
.................................................................
21st July 2023||**2021**
**£**
**£**
1,285
147,508
147,508
(3,000)
144,508
145,793
113,060
32,733
145,793
......... and signed on its|
|---|---|---|---|
|||.||
> Ms Sarah Ohwee Amon (FCCA) Mr Clement Tagoe
> **Trustee Trustee**
**The notes on pages 7 to 10 form an integral part of these financial statements.**
**Page 6**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
## **1.2. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
Income from investments is included in the year in which it is receivable.
## **1.3. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.4. Research and development**
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% reducing balance method
**Page 7**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **2. Voluntary income**
|**Voluntary income**||||
|---|---|---|---|
||**Unrestricted**|**2022**|**2021**|
||**funds**|**Total**|**Total**|
||**£**|**£**|**£**|
|Donations|22,876|27,876|27,915|
|Hall letting|36,082|36,082|27,089|
|Other donations|3,158|3,158|20,821|
||62,116|62,116|75,825|
## **3. Investment income**
|**Investment income**|||
|---|---|---|
|**Restricted**
**funds**
**£**
Bank interest receivable
246
246|**2022**
**Total**
**£**
246
246|**2021**
**Total**
**£**
12|
|||12|
## **4. Employees**
## **Employment costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
**Page 8**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**Fixtures,**
**5.**
**Tangible fixed assets**
**fittings and**
**equipment**
**£**
7,009
5,724
263
5,987
1,022
**Cost**
At 1 January2022and
At 31 December2022
**Depreciation**
At 1 January2022
Charge for the year
At 31 December2022
**Net book values **At
31 December2022
At 31 December2021
1,285
**6.**
**Creditors: amounts falling due**
**within one year**
**2022**
**£**
Accruals and deferred income
4,200
**7.**
**Analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
1,022
31,619
113,305
-
Fund balances at 31 December2022as represented by:
Tangible fixed assets
Current assets
Current liabilities
(4,200)
-
28,441
113,305||**Total**
**£**
7,009
5,724
263
5,987
1,022
1,285
**2021**
**£**
3,000
**Total**
**funds**
**£**
1,022
144,924
(4,200)
141,746|
|---|---|---|
||||
||||
||||
||||
||||
||||
**Page 9**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
**for the year ended 31 December 2022**
|**8.**|**Unrestricted funds**|**At**|||**At**|
|---|---|---|---|---|---|
|||**1 January**|**Incoming**|**Outgoing **|**31 December**|
|||**2022**|**resources**|**resources**|**2022**|
|||**£**|**£**|**£**|**£**|
||General funds|(148,622)|56,434|(65,781)
(157,969)||
||Designated Funds - Property Account|182,887|35,682|186,408
(32,161)||
|||34,265|92,116|(97,942)
28,439||
## **Purposes of unrestricted funds**
The unrestricted funds of the Trust are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.
|**Restricted funds**||**At**||**At**|
|---|---|---|---|---|
||**1 January**||**Incoming **|**31 December**|
|||**2022**|**resources**|**2022**|
|||**£**|**£**|**£**|
|Restricted Funds- Capital Reserve Account||113,060|246|113,034|
## **9. Restricted funds**
**Page 10**