**Charity number: 1139310**
## **Streatham United Reformed Church Charity**
**Trustees' report and financial statements for**
**the year ended 31 December 2023**
## **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 2023**
The trustees present their report and the financial statements for the year ended 31 December 2023. 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 incoming resource for the year, which were mostly unrestricted funds, amounted to £24,451. This was added to the net reserve brought forward of £141,676. The total reserve carried forward is £166,127. 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 2023**
## **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**
31st October 2024 **Date: .....................................**
**Page 3**
INDEPENDENT EXAMINER'S REPORT
I report on the accounts of Str82tham URC for the y8ar @ndÉd 31 December 2023.
Respective responsibilities
The church's trustees are responsible for the preparation of Ihe accounts. The churGh's
trustees considerthat an audit is not required for this year under section 144{21 of the Charities
AGI 2011 {Ihe 2011 AGt)
Basis of Independent Examinerfs report
My examination was carr¢ed out in accordan wrth the General Directions of the Charity
Commissioners. An examinalion inGludes a review of the aGGounting reGords kept by tlie
church and 8 comparison of the accounts presented with those record8. It al30 includes
consideration of any unusual items or disclosures in the accounts, and seeking explanations
conceming any such matters. The prOaUreS un(lertaken (io not provide all the evidence Ihal
would b¢ qUired in ali audit, and Gons¢quenliy I do not express an audit opinion on the view
given by the accounts.
IndÉpÈndÈnt ExamlnÈrf2 statÈmÈnt
In connection with my examination of the church accounts, nothing came to my attention which
gave me cause to believe othemise than that the accounts accord with the accounting records
of the church. and that those records satisfied the requirements of the Ad. l 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.
Signed by the Independent Examiner..
Date.. 23 IQ, 2UZF
Fayonia Minott
199 Cranbrook Avenue
Hull
Yorkshire
HU61TT
## **Streatham United Reformed Church Charity**
## **Statement of financial activities**
## **For the year ended 31 December 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
90,277
Bank interest receivable
3
-
90,277
1,369
(2,613)
3,641
600
945
570
9,330
22,067
474
891
20,844
2,492
1,634
49
30
-
-
-
-
-
45
-
-
717
3,582
195
416
-
-
-
67,196
28,372
113,305
**Total incoming resources**
**Resources expended**
Council tax
Church cleaning
Accountancy fee
Telephone and faxes
Water rates
Insurance and licences
Gas bill
General expenses
Repairs & maintenance
URC ministry and mission
Electricity bill
Hall letting expenses
Bank charges
Subscription
Postage, printing and stationery
Gifts and donation
Ministers' fee and expenses
Depreciation of fixtures and fittings
Refreshment and hospitality
Soup Kitchen Expenses
**Total resources expended**
Total funds brought forward
**Total funds carried forward**
51,453
-
-
-
-
-
-
-
1,369
114,674
-
-
1,288
-
-|**2023**
**Total**
**£**
91,646
600
945
570
9,330
22,067
474
891
20,844
2,492
1,634
49
30
45
717
3,582
195
416
65,483
141,676
166,127
90,277
1,369
(2,613)
3,641
1,288|**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
-
384
-
219
1,872
332
314
66,479
145,793
141,676
5,402|
|---|---|---|
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 2023**
||||**2023**|**2023**||**2022**|**2022**|
|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Tangible assets|5|||758|||953|
|**Current assets**||||||||
|Cash at bank and in hand||170,769|||144,923|||
|||170,769|||144,923|||
|**Creditors: amounts falling**||||||||
|**due within one year**|6|(5,400)|||(4,200)|||
|**Net current assets**||||165,369|||140,723|
|**Net assets**||||166,127|||141,746|
|**Funds**|7|||||||
|Restricted income funds||||114,674|||113,306|
|Unrestricted income funds||||51,453|||28,439|
|**Total funds**||||166,127|||141,746|
The financial statements were approved by the trustees on ................................................................................ and signed on its31st October 2024 behalf by
> 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 2023**
## **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 2023**
## **2. Voluntary income**
|**Voluntary income**||||
|---|---|---|---|
||**Unrestricted**|**2023**|**2022**|
||**funds**|**Total**|**Total**|
||**£**|**£**|**£**|
|Donations|25,074|25,074|27,876|
|Hall letting|57,778|57,778|36,082|
|Other donations|7,425|7,425|3,158|
||90,277|90,277|62,116|
## **3. Investment income**
|**Investment income**|||
|---|---|---|
|**Restricted**
**funds**
**£**
Bank interest receivable
1,369
1,369|**2023**
**Total**
**£**
1,369
1,369|**2022**
**Total**
**£**
246|
|||246|
## **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 2023**
|**Fixtures,**
**5.**
**Tangible fixed assets**
**fittings and**
**equipment**
**£**
7,009
6,056
195
6,251
758
**Cost**
At 1 January2023and
At 31 December2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December2023
**Net book values **At
31 December2023
At 31 December2022
1,285
**6.**
**Creditors: amounts falling due**
**within one year**
**2023**
**£**
Accruals and deferred income
5,400
**7.**
**Analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
758
56,095
114,674
-
Fund balances at 31 December2023as represented by:
Tangible fixed assets
Current assets
Current liabilities
(5,400)
-
51,453
114,674||**Total**
**£**
7,009
6,056
195
6,251
758
1,285
**2022**
**£**
4,200
**Total**
**funds**
**£**
758
170,769
(5,400)
166,127|
|---|---|---|
||||
||||
||||
||||
||||
||||
**Page 9**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2023**
|**8.**
**Unrestricted funds**
**1**
General funds
Designated Funds - Property Account|**At**
**At**
**January**
**Incoming**
**Outgoing 31 December**
**2023**
**resources**
**resources**
**2023**
**£**
**£**
**£**
**£**
(157,969)
52,388
(70,517)
(176,098)
186,408
57,777
28,439
110,165
(87,151)
227,551
51,453
(16,634)|**At**
**At**
**January**
**Incoming**
**Outgoing 31 December**
**2023**
**resources**
**resources**
**2023**
**£**
**£**
**£**
**£**
(157,969)
52,388
(70,517)
(176,098)
186,408
57,777
28,439
110,165
(87,151)
227,551
51,453
(16,634)|
|---|---|---|
|||51,453|
## **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**
**1**
Restricted Funds- Capital Reserve Account|**At**
**At**
**January**
**Incoming 31 December**
**2023**
**resources**
**2023**
**£**
**£**
**£**
113,034
1,369
114,674|
|---|---|
## **9. Restricted funds**
**Page 10**