| Note | Unrestricted General |
Funds Designated |
Restricted Funds |
2023 f |
2022 t |
|
|---|---|---|---|---|---|---|
| INCOMINGRESOURCES | ||||||
| Incomingresourcesfromgeneratedfunds Voluntaryincome Activitiesfor generating funds |
2 3 |
12,317 72,915 |
0 0 |
1,520 0 |
13,837 72,915 |
17,252 60,I54 |
| Investment income Total incomingresources |
4 | 296 85,528 |
0 0 |
1.520 0 |
296 87,047 |
55 77,461 |
| RESOURCES EXPENDED | ||||||
| Charitable activities: | ||||||
| URCMinistry&Mission Fund | 5 | 9,300 | 0 | 0 | 9,300 | r4,896 |
| Ministerialcosts | 6 | 23,940 | 0 | 0 | 23,940 | 33,535 |
| Costsofchurch activities | 7 | 51,881 | 0 | 0 | 51,881 | 44,980 |
| Restricted donationspassedon Totalresources expended |
t2 | 0 85 t2t |
0 0 |
1,541 1,541 |
1,541 86,661 |
3,08r 96,493 |
| Net incoming/(outgoing)resources beforeotherrecognisedgainsandlosses |
407 | 0 | (2r) | 386 | (19,032) | |
| Gains/(losses) oninvestmentassets | 9.2 | 21,323 |
0 | 0 | 2L,323 | (3,585) |
| Netincrease(decrease)in fundsfortheyear | 21,730 | 0 | (2r) | 21,708 | (22,6t7) | |
| Totalfundsatbeginning ofYear | (6,167) | 0 | 569 | (5,598) | 17,018 | |
| Totalfundsatend ofyear | 15,563 | 0 | 54S | l6,t10 | (5,5rr) |
| B,ALANEESHEET AsAt31D}eSMBER;10!3 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Total | Total | ||||||
| Note | GeneratDesignatedFunds gft |
2023t | 2022 f |
||||||
| T.IXEDASSETS lnvestments |
9 | 37,485 | 0 | 37,485 | 33,099 | ||||
| CURRENTASSETS Debtors&Prepayments Bankandcashbalances |
,10 | ,3,191 36.627 39,818 |
0 0 o |
0 548 :314s |
3,191, 31,175 40,366 |
1,309 21,890 23,199 |
|||
| CURRENTI,IABILITIES CreditorspayablewithinoneYear |
11 | 61,741 61,741 |
*0 | 00 | 61,741 61,74' |
61,896 61,896 |
|||
| NETCURRINTLIABILITIES | (21,9231 | 0 | 5.48 | QI,375) | (38,697) | ||||
| TOTALNETASSETS | -*13F6't | 0 | 548 | -'6,im- | (5,599) | ||||
| THE TUNDSOFTIIE CI{ARI?Y | (From SOFA) | ||||||||
| Income Funds: General Desigralsd Reskicted.IaoarlltFund*. |
TQraL | t4, | 15,563 0 0 |
o 0000 0 -- |
0 548 528 |
15,563 s48 to,t1o |
(6,167) s69 (5,599) |
||
| . | |||||||||
| APPROVEDby theChurch Meeting held on | |||||||||
| and signedonits behalf by theChaii | |||||||||
| The,notesonpage$:6fo10:fsfnrpa$ofthssEfinancialstatements |
| OR | THE YEARENDED31DECEMBER2023 |
|---|---|
| ACCOUNTINGPOLICIES | |
| a | BasisofAccounting |
| Thefinancialstatements havebeenprepared under the CharitiesAct201Iandcomply withthe | |
| StatementofRecommendedPractice SORP(FRS 102-previouslySORP 2005) and also guidance | |
| issued by theCharity Commission,and theUnitedRefbrmed Church. |
| The accruals basisofaccountinghas beenadopted, and theprincipalaccountingpolicies | |
|---|---|
| setout belowareapplied consistently. | |
| 1b | Fund Accounting |
| Apa(fromthe restricted funds referred tobelow, allother fundsareavailableforuse atthediscretion | |
| ofthechurchinfurtheranceofitscharitable objectives.Thisincludes the general and designated funds. | |
| Restricted funds comprisecollectionsmadethroughouttheyearforoutsidecausesandarenotatthe | |
| disposaloftheChurchMeeting forany other purpose. | |
| 1c | TangibleFixedAssets |
| Freeholdproperty:The Trusteesofthechurch andmansebuildingsistheURCThamesNorth | |
| Synod Trustwho holdthem upontrust forpurposes connectedwith MuswellHillURC. | |
| Expenditure incurred on the church and manseiswrittenoffintheyearitis incurred. | |
| Equipment:Expenditure on equipmentiswrittenoffintheyearitisincuned | |
| Investmentassets: Theseare stated atmid-marketvalues on the balancesheetdate.Changesin | |
| valuationover the yeararerecognisedinthe StatementofFinancial Activities. | |
| 1d | IncomingResources |
| Allvoluntary givingand Churchfundraisingevents&activitiesareincludedin thefinancialstatements | |
| forthe periodin whichitisreceived. | |
| Theassociatedtax recoveryfordonations underGiftAidisrecorded in the accounting year the | |
| relevant tax year end occursforthe donation. | |
| Legaciesareaccourted forwhentheirreceipt is certain andcan beproperlyquantified. | |
| A1l other income is generally recognised whenitis receivable. | |
| 1e | ResourcesExpended |
| TheURCMinistry&MissionFundcontributionis paidregularlyand is includedinthefinancialstatements | |
| fortheyearto which itrelates. |
| FOR | THE YEARENDED31DECEMBER2023- conti | nued | |||||
|---|---|---|---|---|---|---|---|
| UnrestrictedFunds General |
Designated | Restricted Funds |
2023 t |
2022 t |
|||
| 2 | VOULUNTARYTNCOME Freewill offerings Cashofferings Donations Income tax refunds underGiftAid Magazine |
12,317.12 8,566.00 1,722.00 0.00 2,604.12 25.00 |
-- | 0.00 0.00 0.00 0.00 0.00 0J0 |
1,519.56 0.00 0.00 0.00 0.00 -]FT'56 |
13,836.68 10,085.56 1,122.00 0.00 2,604.12 25.00 |
11,767 789 1,730 2,946 20 @_ |
| 3 | ACTIVITIESFORGENERATINGFUNDS Rents - TennisClub Lettings MANSERental |
1,000.00 23,729.53 48,185.21 _72914r! |
0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 ----0.00 |
1,000.00 23,729.53 48,185.21 72,914.74 |
1,000 27,205 31,949 __60]54_ |
|
| 4 | INVESTMENT INCOME Dividends Bankinterest |
26.07 269.69 295.76 |
0,00 0.00 0.00 |
0.00 0.00 0.00 |
26.07 269.69 295.76 |
26 29 55 |
| UnrestrictedFunds General |
Designated | Restricted Funds |
2023 t |
2022 g |
|
|---|---|---|---|---|---|
| MINISTERIALCOSTS Travel Manse maintenance ManseCouncil tax Manse Water Manse insurance Visitingministers Manse RentalCosts |
0.00 10,457.25 44.63 0.00 855.28 4,190.00 8,392.67 __23$9.n_ |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 ---l:oo' |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 ----0.00 |
0.00 10,457.25 44.63 0.00 855.28 4,190.00 8,392.67 2393983 |
0 22,544 118 205 810 3,400 6,459 ____ilJ35_ |
| T E |
OTHEFINANCIALSTATEMENTS YEARENDED31DECEMBER2023 -continued |
|||||||
|---|---|---|---|---|---|---|---|---|
| UnrestrictedFunds General |
Designated | Restricted Funds |
2023 f, |
2022 t |
||||
| 7 | COSTS OFCHURCHACTIVITIES AdministrationCosts AccountancYFees Insurance RubbishCollection Waterrates Maintenance-Church Cleaning Gas andElectricitY'Church |
9,639.19 1,034,28 5,471.54 0.00 212.32 9,232,31 4,509.68 10,697.59 40,796.91 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
-- | 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0"00 |
9,639.19 1,034.28 5,471.54 0.00 212.32 9,232,31 4,509.68 10,697,59 40,796.91 |
9,1 53 1,413 4,952 0 24 11,583 3,'754 6,1 85 37,064 |
|
| Communications: Printing,stationery andadvertising Telephone,tsroadband Postage Manse Phone a. NewPhotocopier |
a | 2,989.25 939.9s 214.99 0.00 4,144.19 |
0.00 0.00 0.00 0.00 0.00 |
- | 0.00 0.00 0.00 0.00 0"00 |
2,989.25 939.95 2r4.99 0.00 4,144.19 |
613 850 109 403 -- 1975 |
|
| Otherexpenses Organists PianoTuning(+newPiano) Sundryexpenses CCLI Synod OverdraftExPense BankCharges |
4,410.00 90.00 1,052.26 142.00 1,185.33 60.00 6,939.59 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
4,410.00 90.00 1,052.26 142.00 1,185.33 60.00 6,939.59 |
)1q5 0 1,960 133 972 82 -- 5941 |
|||
| COST OFCHURCHACTIVITTES | 51,880.69 | 0.00 | 0.00 | -5m07t- | ---{e8o |
| INVESTMENTASSETS The investmentassetsheldat thebalance |
Unrestricted Funds General |
Designated | Restricted Funds |
f 2023 |
2022 { |
||||
|---|---|---|---|---|---|---|---|---|---|
| sheet datecomprise: COIFInvestrnentunits |
37,485 37,485 |
0 0 |
---- | 0 0 |
:: | 37,485 37.485 |
33,099 33,099 |
||
| - | |||||||||
| The movements oninvestments overtheyear Valueat1January2023 Unrealisedgains/(losses) onrevaluation Valueat31 December2023 |
were: a |
33,099 21,322.52 __54,421 |
0 0 0 |
---- | 0 0 0 |
33,099 21.323 54,421 |
36,683 ___E,0ee_ (3,58s) |
||
| Note:a. |
| FOR | TIIEYEARENDED31DECEMBER202 | 3- continued | ||||
|---|---|---|---|---|---|---|
| UnrestrictedFunds General |
Designated | Restricted Funds |
2023 t |
2022 f. |
||
| 10 | CURRENTASSETS LettingsDebtor Dexters RetainedMaintenance |
2,470.94 720.00 -@ |
0.00 0.00 |
0.00 0.00 0.00 |
2,470.94 720.00 -3,190.94 |
1,309 1,309 |
| l1 | CURRENTLIABILITTES Creditors DepositsforKeYFobsetc. SynodCovidM&MLoan Synod OverdraftLoan |
752.20 1,251.00 18,518.00 41,219.78 6t,740.98 |
-:oo'0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 0.00 0.00 |
752.20 1,251.00 18,518.00 41,219.78 61,740.98 |
714 950 18,5 18 41,714 61,896 |
| The movements onthe Restricted Funds duringtheyear wer | e: | ||||
|---|---|---|---|---|---|
| Specific | Commitment | Communion | TOTAL | ||
| for Life | |||||
| Balance broughtforward1Jantary2023 Amounts Raisedin2023 TotaltobeDistributed Distributionsagreedin2023 Balances carriedforwardat3lDecember 2023 |
a | 7.00 567.46 574.46 295.90 278.56 |
0.00 278.00 278.00 245.00b 33.00 |
562.33 674.10 1,236.43 1,000.00 236.43 |
569.33 1.519.56 2,088.89 1,540.90 547.99 |
| TIIAMESNORTHTRUSTLOANS TheTrustgrantedaBridgingLoanoff315,000to enable the Redeve |
lopment works t | obecompleted | ||
|---|---|---|---|---|
| Loan commencedon 25thAPril2019 | 31s,000 | |||
| Loan increased toallowcompletionofworks up to 22ndJuly2020 | 326,825 | |||
| Amount owingincludinginterest at 31st December 2023 | 352,247 | |||
| The Trust GrantedtwoM&MLoans toberepaid after the Pandemic | ||||
| Stitl waitingfotthe Synod to decideiftheseare LodnsorGrants' 15thAPril2020 |
10,259 | |||
| 7th July 2020 | TOTAL | 8,259 18,518 |
||
| A3yr OverdraftLoan Payableatf30kper year commencedI/l1/21 | ||||
| MonthlyPayment !150.00 3111212023 Loan outstanding |
#### | |||
| FUNDSOFTHECHARITY | ||||
| The 2023 funds, General,Designated and Restricted are shown below, 2022 comparativeshavebeenrestated accordingly. |
f 2023 |
2022 T |
||
| General Funds | 15,563 | (6,167) | ||
| Designated Funds Restricted Funds |
16,1 | 0 s48 10 |
0 s69 -GD |