##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||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|
##
##
##
##
##
##