## **Cheltenham & Gloucester Unitarians**
## **Report of the Trustees for the year ended 31[st] December, 2021**
The Trustees present their Report along with the Accounts of the Charity for the year ended 31st December 2021. The Accounts have been prepared in accordance with the
the Charity’s Trust Deed and with applicable law.
## 1) **Constitution & Object**
The Governing Document is the Constitution adopted on 7 April, 2013. The Object
of the Charity is the promotion of religion in accordance with the principles of the
General Assembly of Unitarian and Free Christian Churches.
## **2) Public Benefit Statement**
In pursuit of the Objects of the Trust, the Trustees provide a place of worship for all to attend.
## **3) Organisation**
The names of the Managing Trustees who have served during the year are set out on the front cover of the Report and Accounts.
## **4) Financial Review**
The operating surplus before revaluation of the Stock Market investments was a surplus of £4125.92 (2020: deficit £625.81). The revaluation of the investments showed a surplus of £19637.67 (2020: deficit of £30811.99) to show an overall surplus of £23763.59 (2020: deficit £31437.80).
## **5) Risk Management**
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps may be taken to lessen these risks.
## **6) Management & Governance**
The Governing Document provides for a maximum of eight Managing Trustees. The
Trustees are empowered to fill any vacancies in their ranks. The Chairman of the Trustees is responsible for the induction of any new Trustees including awareness of the duties of a Trustee, and awareness of the Governing Document, administrative procedures, and the historical and philosophical approach of the Charity.
## **7) Achievement & Performance**
During the year, the Trust has continued to pursue the Objectives of the Charity.
## **8) Reserves**
The Trustees have pursued a policy of maintaining the property of the Trust and of supporting the religious and other charitable work of Unitarians in Gloucestershire.
Chairman
## **CHELTENHAM & GLOUCESTER UNITARIANS**
## **BALANCE SHEET - 31 DECEMBER 2021**
|**ASSETS**
**470000.00**
Land and Buildings at estimated realisable value
**300.00**
Organ at estimated realisable value
Investments:
146784.72 M & G Charifund
25347.81# Triodos Deposit a/c 20607474
55488.67
Triodos Business Fixed Term 2.5% Deposit 20322623
**227621.20**
Bank balances:
534.13 Lloyds Bank Gloucester - current a/c
29468.27 Lloyds Bank Gloucester - 30 day a/c
9613.54 Lloyds Bank Cheltenham - current a/c
15003.14 Lloyds Bank Cheltenham - deposit a/c
5102.89
Triodos Deposit account 20315791
**59721.97**
**1072.27**
Debtors and prepayments
**758715.44**
**2667.27**
Less: Creditors
**756048.17**
**REPRESENTING**
**General Fund**
731685.90 Funds at start of the year
-31437.80
Surplus for the year
**700248.10**
**54800.07**
**Chapman Legacy**
**1000.00**
**Development Fund**
**756048.17**
**Total funds at the end of the year**|**Glos**
**220000.00**
**0.00**
166422.39
0.00
0.00
**166422.39**
2721.89
25245.93
0.00
0.00
0.00
**27967.82**
**0.00**
**414390.21**
**0.00**
**414390.21**
396134.39
18255.82
414390.21
**0.00**
**0.00**
**414390.21**|**Chelt**
**250000.00**
**300.00**
0.00
25359.58
55988.07
**81347.65**
0.00
0.00
7664.08
21004.56
5105.26
**33773.90**
**0.00**
**365421.55**
**0.00**
**365421.55**
304113.71
5507.77
309621.48
**54800.07**
**1000.00**
**365421.55**|**Total**
**470000.00**|**Total**
**470000.00**|**Total**
**470000.00**|
|---|---|---|---|---|---|
||||**300.00**
166422.39
25359.58
55988.07
**247770.04**|||
||||2721.89
25245.93
7664.08
21004.56
5105.26
**61741.72**
**0.00**
**779811.76**
**0.00**
**779811.76**|2721.89
25245.93
7664.08
21004.56
5105.26
**61741.72**||
||||700248.10
23763.59
724011.69
**54800.07**
**1000.00**
**779811.76**|700248.10
23763.59
724011.69
**54800.07**||
||||||**1000.00**|
## **Responsibilities of the Trustees**
The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the Charity, for taking reasomable steps to prevent and detect fraud and any other irregularities, and for preparing annual financial statements which both accord with the accounting records and which comply with both the Statement of Recommended Practice for Accounting by Charities and with the relevant governing documents and which give a true and fair view of the affairs of the the Charity. To the best of our knowledge and belief these obligations have been met and accordingly these Accounts were approved at a meeting of the Trustees held on 6 March 2022.
**Report of the Independent Examiner to the Members of Cheltenham and Gloucester Unitarians** Having carried out an examination under Section 43 of the Charities Act, 1993 in accordance with any applicable directions given by the Commissioners under Subsection (7)(b) thereof, of the information supplied by the Trustees of The Cheltenham and Gloucester Unitarians, I beleive that proper accounting records have been kept in respect of the Charity in accordance with Section 41 thereof, and that the Accounts set out on pages 1-3 in respect of the funds administered by the Cheltenham and Gloucester Unitarians during the year and the resources available as at 31 December 2021 accord with those records. I have detected no other matters during my examination to which your attention should be drawn to enable you to reach a proper understanding of the accounts.
S K BHATT Chartered Accountant
178 Stroud Road, Gloucester, GL1 5JX
1
## **CHELTENHAM & GLOUCESTER UNTARIANS**
## **INCOME AND EXPENDITURE ACCOUNT - YEAR TO 31 DECEMBER 2021**
## **Statement of Financial Activities**
|**2020**||||**2021**|
|---|---|---|---|---|
|||**Glos**|**Chelt**|**Total**|
||**INCOME**||||
||**Rental income**||||
|17500.00|Rent|0.00|17749.98|17749.98|
|-2625.00|Less: Agent's fees|0.00|-1575.00|-1575.00|
|14875.00||0.00|16174.98|16174.98|
|4471.72|Hall lettings|0.00|5011.50|5011.50|
|**19346.72**||**0.00**|**21186.48**|**21186.48**|
|**7165.09**|**Investment Income**|**7913.67**|**0.00**|**7913.67**|
||**Raised by the Congregation**||||
|3203.80|Members subscriptions and oferings|0.00|2894.63|2894.63|
|570.54|Gift Aid reclaim|0.00|651.11|651.11|
|**3774.34**||**0.00**|**3545.74**|**3545.74**|
||**Bank Interest**||||
|**275.72**|Bank interest received|**2.66**|**514.96**|**517.62**|
|**30561.87 **|**TOTAL INCOME**|**7916.33**|**25247.18**|**33163.51**|
||**EXPENDITURE**||||
|20000.73|Cost of holding services|6500.00|13150.00|19650.00|
|7697.12|Premises expenses|162.50|5514.64|5677.14|
|1104.66|Manse costs|1855.68|0.00|1855.68|
|405.00|Subscriptions|630.00|100.00|730.00|
|100.00|Donations made|0.00|100.00|100.00|
|1880.17|Other expenses|150.00|874.77|1024.77|
|**31187.68**||**9298.18**|**19739.41**|**29037.59**|
|**-625.81 **|**OPERATING SURPLUS/(DEFICIT)**|**-1381.85**|**5507.77**|**4125.92**|
|**-30811.99**|Unrealised proft/(loss)on revaluation of investments|**19637.67**|**0.00**|**19637.67**|
|**-31437.80**|**NET INCOME**|**18255.82**|**5507.77**|**23763.59**|
2
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **Details of expenditure - year to 31 December 2021**
|**2020**
**Cost of holding services**
19500.00 Contribution to Cotswold Group Ministry
400.00 Lay preachers
100.73
Zoom fees
20000.73
**Premises expenses**
3793.88 Insurance:Church and Hall
-2039.22
Less paid by Church tenant
1754.66
97.50 Rent -Gloucester services
1104.66 Manse expenses
1158.26 Lighting and heating
178.00 Maintenance and repairs: Cheltenham Church Hall
3552.70 Professional fees
956.00
Cleaning services
8801.78
**Subscriptions**
105.00 Midland Unitarian Association afliation fee
0.00 Midland Unitarian Association personal subscriptions
0.00
General Assembly Quota subscriptions
105.00
**Donations**
100.00 Nightingale Centre
0.00
Peace Union
100.00
**Other expenses**
641.31 Stationery, postage, telephone etc
900.00 The Inquirer/Unitarian
300.00 Examiner's fee
83.87 Website costs
105.00 Books
18.11 AGM expenses
131.88
Sundries
2180.17|**Glos**
6500.00
0.00
0.00
6500.00
0.00
0.00
0.00
162.50
1855.58
0.00
0.00
0.00
0.00
2018.08
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
630.00
150.00
0.00
0.00
0.00
0.00
780.00|**Chelt**
13000.00
150.00
0.00
13150.00
3771.61
-2027.24
1744.37
0.00
0.00
1033.80
1840.47
0.00
896.00
5514.64
0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
0.00
150.00
83.87
0.00
0.00
0.00
874.77|**Total**
19500.00
150.00
0.00
19650.00|**Total**
19500.00
150.00
0.00
19650.00|**Total**
19500.00
150.00
0.00
19650.00|
|---|---|---|---|---|---|
||||3771.61
-2027.24
1744.37
162.50
1855.58
1033.80
1840.47
0.00
896.00
7532.72
0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
630.00
300.00
83.87
0.00
0.00
0.00
1654.77|||
|||||1744.37
162.50
1855.58
1033.80
1840.47
0.00
896.00
7532.72||
|||||0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
630.00
300.00
83.87
0.00
0.00
0.00
1654.77|0.00
0.00
100.00|
||||||100.00|
||||||0.00
100.00|
||||||100.00|
3
## **CHELTENHAM & GLOUCESTER UNITARIANS**
## **BALANCE SHEET - 31 DECEMBER 2021**
|**ASSETS**
**470000.00**
Land and Buildings at estimated realisable value
**300.00**
Organ at estimated realisable value
Investments:
146784.72 M & G Charifund
25347.81# Triodos Deposit a/c 20607474
55488.67
Triodos Business Fixed Term 2.5% Deposit 20322623
**227621.20**
Bank balances:
534.13 Lloyds Bank Gloucester - current a/c
29468.27 Lloyds Bank Gloucester - 30 day a/c
9613.54 Lloyds Bank Cheltenham - current a/c
15003.14 Lloyds Bank Cheltenham - deposit a/c
5102.89
Triodos Deposit account 20315791
**59721.97**
**1072.27**
Debtors and prepayments
**758715.44**
**2667.27**
Less: Creditors
**756048.17**
**REPRESENTING**
**General Fund**
731685.90 Funds at start of the year
-31437.80
Surplus for the year
**700248.10**
**54800.07**
**Chapman Legacy**
**1000.00**
**Development Fund**
**756048.17**
**Total funds at the end of the year**|**Glos**
**220000.00**
**0.00**
166422.39
0.00
0.00
**166422.39**
2721.89
25245.93
0.00
0.00
0.00
**27967.82**
**0.00**
**414390.21**
**0.00**
**414390.21**
396134.39
18255.82
414390.21
**0.00**
**0.00**
**414390.21**|**Chelt**
**250000.00**
**300.00**
0.00
25359.58
55988.07
**81347.65**
0.00
0.00
7664.08
21004.56
5105.26
**33773.90**
**0.00**
**365421.55**
**0.00**
**365421.55**
304113.71
5507.77
309621.48
**54800.07**
**1000.00**
**365421.55**|**Total**
**470000.00**|**Total**
**470000.00**|**Total**
**470000.00**|
|---|---|---|---|---|---|
||||**300.00**
166422.39
25359.58
55988.07
**247770.04**|||
||||2721.89
25245.93
7664.08
21004.56
5105.26
**61741.72**
**0.00**
**779811.76**
**0.00**
**779811.76**|2721.89
25245.93
7664.08
21004.56
5105.26
**61741.72**||
||||700248.10
23763.59
724011.69
**54800.07**
**1000.00**
**779811.76**|700248.10
23763.59
724011.69
**54800.07**||
||||||**1000.00**|
## **Responsibilities of the Trustees**
The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the Charity, for taking reasomable steps to prevent and detect fraud and any other irregularities, and for preparing annual financial statements which both accord with the accounting records and which comply with both the Statement of Recommended Practice for Accounting by Charities and with the relevant governing documents and which give a true and fair view of the affairs of the the Charity. To the best of our knowledge and belief these obligations have been met and accordingly these Accounts were approved at a meeting of the Trustees held on 6 March 2022.
**Report of the Independent Examiner to the Members of Cheltenham and Gloucester Unitarians** Having carried out an examination under Section 43 of the Charities Act, 1993 in accordance with any applicable directions given by the Commissioners under Subsection (7)(b) thereof, of the information supplied by the Trustees of The Cheltenham and Gloucester Unitarians, I beleive that proper accounting records have been kept in respect of the Charity in accordance with Section 41 thereof, and that the Accounts set out on pages 1-3 in respect of the funds administered by the Cheltenham and Gloucester Unitarians during the year and the resources available as at 31 December 2021 accord with those records. I have detected no other matters during my examination to which your attention should be drawn to enable you to reach a proper understanding of the accounts.
S K BHATT Chartered Accountant
178 Stroud Road, Gloucester, GL1 5JX
1
## **CHELTENHAM & GLOUCESTER UNTARIANS**
## **INCOME AND EXPENDITURE ACCOUNT - YEAR TO 31 DECEMBER 2021**
## **Statement of Financial Activities**
|**2020**||||**2021**|
|---|---|---|---|---|
|||**Glos**|**Chelt**|**Total**|
||**INCOME**||||
||**Rental income**||||
|17500.00|Rent|0.00|17749.98|17749.98|
|-2625.00|Less: Agent's fees|0.00|-1575.00|-1575.00|
|14875.00||0.00|16174.98|16174.98|
|4471.72|Hall lettings|0.00|5011.50|5011.50|
|**19346.72**||**0.00**|**21186.48**|**21186.48**|
|**7165.09**|**Investment Income**|**7913.67**|**0.00**|**7913.67**|
||**Raised by the Congregation**||||
|3203.80|Members subscriptions and oferings|0.00|2894.63|2894.63|
|570.54|Gift Aid reclaim|0.00|651.11|651.11|
|**3774.34**||**0.00**|**3545.74**|**3545.74**|
||**Bank Interest**||||
|**275.72**|Bank interest received|**2.66**|**514.96**|**517.62**|
|**30561.87 **|**TOTAL INCOME**|**7916.33**|**25247.18**|**33163.51**|
||**EXPENDITURE**||||
|20000.73|Cost of holding services|6500.00|13150.00|19650.00|
|7697.12|Premises expenses|162.50|5514.64|5677.14|
|1104.66|Manse costs|1855.68|0.00|1855.68|
|405.00|Subscriptions|630.00|100.00|730.00|
|100.00|Donations made|0.00|100.00|100.00|
|1880.17|Other expenses|150.00|874.77|1024.77|
|**31187.68**||**9298.18**|**19739.41**|**29037.59**|
|**-625.81 **|**OPERATING SURPLUS/(DEFICIT)**|**-1381.85**|**5507.77**|**4125.92**|
|**-30811.99**|Unrealised proft/(loss)on revaluation of investments|**19637.67**|**0.00**|**19637.67**|
|**-31437.80**|**NET INCOME**|**18255.82**|**5507.77**|**23763.59**|
2
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **Details of expenditure - year to 31 December 2021**
|**2020**
**Cost of holding services**
19500.00 Contribution to Cotswold Group Ministry
400.00 Lay preachers
100.73
Zoom fees
20000.73
**Premises expenses**
3793.88 Insurance:Church and Hall
-2039.22
Less paid by Church tenant
1754.66
97.50 Rent -Gloucester services
1104.66 Manse expenses
1158.26 Lighting and heating
178.00 Maintenance and repairs: Cheltenham Church Hall
3552.70 Professional fees
956.00
Cleaning services
8801.78
**Subscriptions**
105.00 Midland Unitarian Association afliation fee
0.00 Midland Unitarian Association personal subscriptions
0.00
General Assembly Quota subscriptions
105.00
**Donations**
100.00 Nightingale Centre
0.00
Peace Union
100.00
**Other expenses**
641.31 Stationery, postage, telephone etc
900.00 The Inquirer/Unitarian
300.00 Examiner's fee
83.87 Website costs
105.00 Books
18.11 AGM expenses
131.88
Sundries
2180.17|**Glos**
6500.00
0.00
0.00
6500.00
0.00
0.00
0.00
162.50
1855.58
0.00
0.00
0.00
0.00
2018.08
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
630.00
150.00
0.00
0.00
0.00
0.00
780.00|**Chelt**
13000.00
150.00
0.00
13150.00
3771.61
-2027.24
1744.37
0.00
0.00
1033.80
1840.47
0.00
896.00
5514.64
0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
0.00
150.00
83.87
0.00
0.00
0.00
874.77|**Total**
19500.00
150.00
0.00
19650.00|**Total**
19500.00
150.00
0.00
19650.00|**Total**
19500.00
150.00
0.00
19650.00|
|---|---|---|---|---|---|
||||3771.61
-2027.24
1744.37
162.50
1855.58
1033.80
1840.47
0.00
896.00
7532.72
0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
630.00
300.00
83.87
0.00
0.00
0.00
1654.77|||
|||||1744.37
162.50
1855.58
1033.80
1840.47
0.00
896.00
7532.72||
|||||0.00
0.00
100.00
100.00
0.00
100.00
100.00
640.90
630.00
300.00
83.87
0.00
0.00
0.00
1654.77|0.00
0.00
100.00|
||||||100.00|
||||||0.00
100.00|
||||||100.00|
3