## **Zion United Church Frampton Cotterell**
## **End of Year Financial Statements**
**Year ending 31 December 2022**
_Page 1_
## **Introduction**
The following statements represent the account and summary financial position of Zion United Church as at 31[st] December 2022. They are derived from data held on the _Data Developments Finance_ Management Tool. Full records have been provided to support Independent Examination of these accounts **.**
## **Statement of Financial Activities**
||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Expenditure on charitable activities
Other expenditure
**Total expenditure**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Premises
**Restricted**
Agency collection
Children & Youth
Community Pioneer
Food Hub
Monday Fellowship Group
Together for Fromeside
Weekend away 'Hill House'
Zion Beacon Project|108,175
27,077
—
135,253
142,542
10,626
3,923
—
14,550
7,260
25
—
—
25
178
—
—
—
—
—
4,159
8,829
—
12,989
2,429|
||**122,987**
**39,831**
**—**
**162,818**
**152,412**
87,229
39,342
—
126,571
146,661
1,560
280
—
1,840
—|
||**88,790**
**39,622**
**—**
**128,412**
**146,661**
—
—
—
—
—|
||**34,196**
**209**
**—**
**34,405**
**5,750**
—
—
—
—
32,220
—
—
—
—
(32,220)
—
—
—
—
—|
||**34,196**
**209**
**—**
**34,405**
**5,750**|
||**59,138**
**32,132**
**—**
**91,271**
**85,521**|
||**93,335**
**32,341**
**—**
**125,677**
**91,271**
90,538
—
—
90,538
49,978
2,797
—
—
2,797
9,160
—
—
—
—
—
—
2,312
—
2,312
2,102
—
21,148
—
21,148
27,946
—
5,538
—
5,538
—
—
1,510
—
1,510
—
—
409
—
409
1,568
—
1,421
—
1,421
514
—
—
—
—
—|
_Page 2_
## **Balance sheet**
|**Class and code**
**Description **|**This year **
**Last year **|
|---|---|
|**Current assets**
6501
NatWest current account
6502
Cash in hand
6503
CFB deposit account
Z05
Accounts Receivable Debtors & Prepaymens
**Total Current assets**
**Liabilities**
6699
Agency collections
Z04
Accounts Payable
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
Endowment
**Total**|106,588
72,182
—
—
19,178
19,178
—
—|
||**125,766**
**91,360**
89
89
—
—|
||**89**
**89**|
||**125,677**
**91,271**|
||34,405
5,750
91,271
85,521|
||**125,677**
**91,271**
90,538
49,978
2,797
9,160
32,341
32,132
—
—|
||**125,677**
**91,271**|
## **Statement of assets and liabilities**
||**General Designated**
**Restricted Endowment**
**This year **
**Last year **|
|---|---|
|**Current assets - Cash at bank and in hand**
NatWest current account -
CFB deposit account -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Grand total**|78,579
(4,422)
32,431
—
106,588
72,182
11,958
7,220
—
—
19,178
19,178|
||**90,538**
**2,797**
**32,431**
**—**
**125,766**
**91,360**
—
—
89
—
89
89|
||**—**
**—**
**89**
**—**
**89**
**89**|
||**90,538**
**2,797**
**32,341**
**—**
**125,677**
**91,271**|
## **Fund movement by type**
||**Opening Incoming Outgoing Transfers Gains/losses JournalsClosing**|
|---|---|
|**ComP - Community Pioneer**
Restricted
**Sub-total for ComP**
**FHB - Food Hub**
Restricted
**Sub-total for FHB**
**MFG - Monday Fellowship Gr**
Restricted
**Sub-total for MFG**|27,946
18,933
25,732
—
—
—
21,148|
||**27,946**
**18,933**
**25,732**
**—**
**—**
**—**
**21,148**
—
7,038
1,500
—
—
—
5,538|
||**—**
**7,038**
**1,500**
**—**
**—**
**—**
**5,538**
—
1,790
280
—
—
—
1,510|
||**—**
**1,790**
**280**
**—**
**—**
**—**
**1,510**|
_Page 3_
|**T4F - Together for Fromesi**
Restricted
**Sub-total for T4F**
**General - General fund**
Unrestricted
**Sub-total for General**
**Premises - Premises**
Designated
**Sub-total for Premises**
**HillHouse - Weekend away 'Hill H**
Restricted
**Sub-total for HillHouse**
**ChildYouth - Children & Youth**
Restricted
**Sub-total for ChildYouth**
**Beacon - Zion Beacon Project**
Restricted
**Sub-total for Beacon**
**Grand total**|1,568
4,711
5,870
—
—
—
409|
|---|---|
||**1,568**
**4,711**
**5,870**
**—**
**—**
**—**
**409**
49,978
122,987
82,427
—
—
—
90,538|
||**49,978**
**122,987**
**82,427**
**—**
**—**
**—**
**90,538**
9,160
—
6,362
—
—
—
2,797|
||**9,160**
**—**
**6,362**
**—**
**—**
**—**
**2,797**
514
6,379
5,472
—
—
—
1,421|
||**514**
**6,379**
**5,472**
**—**
**—**
**—**
**1,421**
2,102
977
766
—
—
—
2,312|
||**2,102**
**977**
**766**
**—**
**—**
**—**
**2,312**
—
—
—
—
—
—
—|
||**—**
**—**
**—**
**—**
**—**
**—**
**—**|
||**91,271**
**162,818**
**128,412**
**—**
**—**
**—**
**125,677**|
_Page 4_
## **Analysis of income and expenditure**
|**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
0110 - Offertory (via Bank)
87,248
—
—
—
87,248
87,081
0112 - Offertory
2,589
—
—
—
2,589
4,819
1101 - Gift Aid on Offertories
15,776
—
—
—
15,776
15,552
1102 - Sundry Donations
1,468
—
—
—
1,468
4,698
1104 - Bequests
500
—
—
—
500
2,000
1105 - Together for Fromeside (T4F)
—
—
4,711
—
4,711
8,507
1106 - Appeals and Collections for
Other Orgs
593
—
—
—
593
—
1400 - Donations - Youth & Children
—
—
977
—
977
685
1602 - Hill House Gifts
—
—
2,456
—
2,456
—
1800 - ComP - Grants
—
—
16,113
—
16,113
16,298
1801 - ComP - Donations
—
—
2,820
—
2,820
2,900
Total
108,175
—
27,077
—
135,253
142,542
**Income from charitable activities**
1201 - Hall Hire
9,908
—
—
—
9,908
7,051
1204 - Sanctuary and Chapel Hire
151
—
—
—
151
151
1205 - Beacon Hire
567
—
—
—
567
57
1601 - 'Hill House'
—
—
3,923
—
3,923
—
Total
10,626
—
3,923
—
14,550
7,260
**Other trading activities**
1202 - Hall one off lettings
25
—
—
—
25
178
Total
25
—
—
—
25
178
**Investments**
1103 - Bank Interest CFB
—
—
—
—
—
—
Total
—
—
—
—
—
—
**Other income**
1302 - Steven Newell - Leaving
Collection
1,560
—
—
—
1,560
—
1503 - Solar Panel Income
2,599
—
—
—
2,599
2,429
1900 - Monday Fellowship Group
—
—
1,790
—
1,790
—
2500 - Food Hub
—
—
7,038
—
7,038
—
Total
4,159
—
8,829
—
12,989
2,429|**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
0110 - Offertory (via Bank)
87,248
—
—
—
87,248
87,081
0112 - Offertory
2,589
—
—
—
2,589
4,819
1101 - Gift Aid on Offertories
15,776
—
—
—
15,776
15,552
1102 - Sundry Donations
1,468
—
—
—
1,468
4,698
1104 - Bequests
500
—
—
—
500
2,000
1105 - Together for Fromeside (T4F)
—
—
4,711
—
4,711
8,507
1106 - Appeals and Collections for
Other Orgs
593
—
—
—
593
—
1400 - Donations - Youth & Children
—
—
977
—
977
685
1602 - Hill House Gifts
—
—
2,456
—
2,456
—
1800 - ComP - Grants
—
—
16,113
—
16,113
16,298
1801 - ComP - Donations
—
—
2,820
—
2,820
2,900
Total
108,175
—
27,077
—
135,253
142,542
**Income from charitable activities**
1201 - Hall Hire
9,908
—
—
—
9,908
7,051
1204 - Sanctuary and Chapel Hire
151
—
—
—
151
151
1205 - Beacon Hire
567
—
—
—
567
57
1601 - 'Hill House'
—
—
3,923
—
3,923
—
Total
10,626
—
3,923
—
14,550
7,260
**Other trading activities**
1202 - Hall one off lettings
25
—
—
—
25
178
Total
25
—
—
—
25
178
**Investments**
1103 - Bank Interest CFB
—
—
—
—
—
—
Total
—
—
—
—
—
—
**Other income**
1302 - Steven Newell - Leaving
Collection
1,560
—
—
—
1,560
—
1503 - Solar Panel Income
2,599
—
—
—
2,599
2,429
1900 - Monday Fellowship Group
—
—
1,790
—
1,790
—
2500 - Food Hub
—
—
7,038
—
7,038
—
Total
4,159
—
8,829
—
12,989
2,429|
|---|---|
||108,175
—
27,077
—
135,253
142,542
9,908
—
—
—
9,908
7,051
151
—
—
—
151
151
567
—
—
—
567
57
—
—
3,923
—
3,923
—|
||10,626
—
3,923
—
14,550
7,260
25
—
—
—
25
178|
||25
—
—
—
25
178
—
—
—
—
—
—|
||—
—
—
—
—
—
1,560
—
—
—
1,560
—
2,599
—
—
—
2,599
2,429
—
—
1,790
—
1,790
—
—
—
7,038
—
7,038
—|
||4,159
—
8,829
—
12,989
2,429|
|**INCOME TOTAL**|122,987
—
39,831
—
162,818
152,412|
_Page 5_
## **EXPENDITURE**
|**Expenditure on charitable activities**
2201 - Annual Assessment Methodist
22,932
—
—
—
22,932
22,932
2202 - Annual Assessment URC
16,603
—
—
—
16,603
44,106
2302 - Church Insurance
5,679
—
—
—
5,679
5,984
2401 - Church running expenses
4,012
—
—
—
4,012
4,922
2402 - Church Gas
2,250
—
—
—
2,250
952
2403 - Church Electricity
677
—
—
—
677
595
2404 - Telephone & broadband costs
687
—
—
—
687
412
2405 - Office Administrator
6,219
—
—
—
6,219
4,435
2406 - Church Water
313
—
—
—
313
313
2407 - Church Cleaning Services
1,574
—
—
—
1,574
651
2408 - Visiting Speakers
300
—
—
—
300
122
2411 - Minister's Expenses
444
—
—
—
444
1,411
2501 - Hall expenses
27
—
—
—
27
147
2502 - Hall Gas
2,510
—
—
—
2,510
1,809
2503 - Hall Electricity
1,339
—
—
—
1,339
1,133
2504 - Hall Cleaning Services
—
—
—
—
—
—
2505 - Hall Water
161
—
—
—
161
170
2506 - Hall Insurance
—
—
—
—
—
413
2601 - Junior Church
285
—
—
—
285
737
2602 - Youth & Children
—
—
766
—
766
332
2701 - Evangelism & Outreach
776
—
—
—
776
557
2702 - ConnectZ
—
—
—
—
—
—
2750 - Food Hub
—
—
1,500
—
1,500
—
2802 - Training
—
—
—
—
—
87
2803 - World Mission Group
10,500
—
—
—
10,500
11,400
2804 - Minister's Discretionary
expenses
—
—
—
—
—
—
2810 - Gifts
—
—
—
—
—
3,193
2811 - Donations - Appeals and
Collections
1,899
—
—
—
1,899
—
2901 - Bank charges
491
—
—
—
491
427
3001 - Church Property
—
5,031
—
—
5,031
7,824
3002 - Hall Property
—
1,331
—
—
1,331
1,948
3010 - Audio / Visual
1,181
—
—
—
1,181
—
4001 - 'Hill House'
—
—
5,472
—
5,472
300
4200 - Social Events
—
—
—
—
—
—
4500 - Commmunity Pioneers –
Salary
—
—
22,503
—
22,503
20,722
4501 - ComP - Expenditure
—
—
3,218
—
3,218
1,154
4502 - ComP - Expenses
—
—
9
—
9
522
5000 - Together for Fromeside
—
—
5,870
—
5,870
6,938
Total
80,867
6,362
39,342
—
126,571
146,661
**Other expenditure**
2812 - Stephen Newell - Leaving Gift
1,560
—
—
—
1,560
—
2950 - Monday Fellowship Group
—
—
280
—
280
—
Total
1,560
—
280
—
1,840
—|**Expenditure on charitable activities**
2201 - Annual Assessment Methodist
22,932
—
—
—
22,932
22,932
2202 - Annual Assessment URC
16,603
—
—
—
16,603
44,106
2302 - Church Insurance
5,679
—
—
—
5,679
5,984
2401 - Church running expenses
4,012
—
—
—
4,012
4,922
2402 - Church Gas
2,250
—
—
—
2,250
952
2403 - Church Electricity
677
—
—
—
677
595
2404 - Telephone & broadband costs
687
—
—
—
687
412
2405 - Office Administrator
6,219
—
—
—
6,219
4,435
2406 - Church Water
313
—
—
—
313
313
2407 - Church Cleaning Services
1,574
—
—
—
1,574
651
2408 - Visiting Speakers
300
—
—
—
300
122
2411 - Minister's Expenses
444
—
—
—
444
1,411
2501 - Hall expenses
27
—
—
—
27
147
2502 - Hall Gas
2,510
—
—
—
2,510
1,809
2503 - Hall Electricity
1,339
—
—
—
1,339
1,133
2504 - Hall Cleaning Services
—
—
—
—
—
—
2505 - Hall Water
161
—
—
—
161
170
2506 - Hall Insurance
—
—
—
—
—
413
2601 - Junior Church
285
—
—
—
285
737
2602 - Youth & Children
—
—
766
—
766
332
2701 - Evangelism & Outreach
776
—
—
—
776
557
2702 - ConnectZ
—
—
—
—
—
—
2750 - Food Hub
—
—
1,500
—
1,500
—
2802 - Training
—
—
—
—
—
87
2803 - World Mission Group
10,500
—
—
—
10,500
11,400
2804 - Minister's Discretionary
expenses
—
—
—
—
—
—
2810 - Gifts
—
—
—
—
—
3,193
2811 - Donations - Appeals and
Collections
1,899
—
—
—
1,899
—
2901 - Bank charges
491
—
—
—
491
427
3001 - Church Property
—
5,031
—
—
5,031
7,824
3002 - Hall Property
—
1,331
—
—
1,331
1,948
3010 - Audio / Visual
1,181
—
—
—
1,181
—
4001 - 'Hill House'
—
—
5,472
—
5,472
300
4200 - Social Events
—
—
—
—
—
—
4500 - Commmunity Pioneers –
Salary
—
—
22,503
—
22,503
20,722
4501 - ComP - Expenditure
—
—
3,218
—
3,218
1,154
4502 - ComP - Expenses
—
—
9
—
9
522
5000 - Together for Fromeside
—
—
5,870
—
5,870
6,938
Total
80,867
6,362
39,342
—
126,571
146,661
**Other expenditure**
2812 - Stephen Newell - Leaving Gift
1,560
—
—
—
1,560
—
2950 - Monday Fellowship Group
—
—
280
—
280
—
Total
1,560
—
280
—
1,840
—|
|---|---|
||80,867
6,362
39,342
—
126,571
146,661
1,560
—
—
—
1,560
—
—
—
280
—
280
—|
||1,560
—
280
—
1,840
—|
|**EXPENDITURE TOTAL**|82,427
6,362
39,622
—
128,412
146,661|
|||
|**GRAND TOTAL**|40,559
(6,362)
209
—
34,405
5,750|
_Page 6_
## **Conclusion**
- Over the course of the year, income exceed expenditure by £34405. While the key factor behind this has been the ministerial interregnum, there are a number of other factors in play.
- The overall monies coming into the church has increased by £10406 compared to 2021. However, this includes income associated with a number of collections including Food Hub, Hill House, Together for Fromeside and Steven Newell’s leaving collection. Additionally, this also includes transfer of funds from Monday Fellowship Group and payments for Hill House.
- The main source of church income remains personal giving. Whilst this is a reduction of £2063 compared to 2021, there has been additional giving to the church to the tune of £7038 to establish the Food Hub; a project set up by the community pioneers to support local families in need.
- Income from renting out the hall and Beacon is now back to near pro-covid levels. The Pre-school, associated guiding groups, dance groups and singing groups are all now back using the facilities on a regular basis with income increasing by £3214.
- The level of sundry donations has reduced as it no longer incudes the gift from Mangotsfield URC that was regularly provided as a ‘thank you’ for the services of Steven Newell.
- 2022 also saw the church run the ‘Hill House’ weekend for the first time since 2019. To support members of the wider church community who wished to attend, a bursary fund was established. This raised £2456 of £1421 remains available to support future events.
- The Income/Expenditure account also includes a couple of extra-ordinary items that need to be acknowledged:
- Firstly Zion acts as ‘host account’ for a ‘Just Giving’ portal to support Together For Fromeside through their Comfort and Joy Appeals. The expenditure is higher than the income as it includes funds collected in 2021, but paid out in 2022. Additionally, Zion pays £216 per year to enable the Just Giving page to function.
- Secondly, the Monday Fellowship Group have transferred their funds into the main Zion Bank Account. This has uplifted income by £1790, but is held in a separate ‘Restricted’ Fund.
- Also shown as income (and netted off as expenditure) is the £1560 raised for Steven Newell’s leaving collection.
- Finally, the church continued to benefit from c£16k grant support for the community pioneers. This is due to wind down this year and the remaining period of CP funding will be draw down from the balance of the CP restricted fund.
- Although overall church expenditure was reduced by £18249, this was largely as result of the cost reduction arising from Steven Newell’s departure. Church finances will continue to benefit from this until Sharon commences her ministry with Zion in September 23 when we see a significant rise in the Methodist Assessment costs.
- Like most organisations, the cost of energy has had an impact on Zion finances, with costs of electricity and gas for the Church and Hall increasing by £2087. As the church currently ‘enjoys’ fixed price energy contracts, I am hopeful these costs will continue to stabilise throughout this year.
_Page 7_
- Looking forward, most members will be aware that there have been a number of members of the congregation who have recently passed away. Sadly, these will have an impact on church income over the coming and future years.
- Overall, while the finances of the church remain in a healthy state, it is likely that increasing cost pressures and reduced levels of income will require continued good stewardship in the future if this position is to be maintained
This report dated: 12th February 2022
## Zion Church Treasurer
Report to the members of Zion United Church for the year ended 31[st ] December 2022 report to the members on my examination of the accounts set out on pages to 6.
The Elders act as Trustees and are responsible for the preparation of the accounts.
I report in respect of my examination of the accounts carried out under section 145 of the Charites Act 201 1 ("the Act") and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 1 45(5) (b) of the Act.
have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A K Green — Independent Chartered Accountant
_Page 8_