2023-12-31-accounts - Cheltenham And Gloucester Unitarians

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Cheltenham & Gloucester Unitarians

Report of the Trustees for the year ended 31[st] December 2023

The Trustees present their Report along with the Accounts of the Charity for the year ended 31st December 2023. 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 £17319.05 (2022: deficit £1925.41). The revaluation of the investments showed a surplus of £401007.31 (2022: deficit of £9269.69) to show an overall surplus of £418326.36 (2022: deficit £11195.10).

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.

C Pryor

Chairperson

CHELTENHAM & GLOUCESTER UNITARIANS

BALANCE SHEET - 31 DECEMBER 2023

2022 ASSETS 470000.00 Land and Buildings at estimated realisable value 300.00 Organ at estimated realisable value Investments: 157152.70 M & G Charifund 25442.00#Triodos Deposit a/c 20607474 26000.00 Triodos Deposit a/c 21873097 208594.70 Bank balances: 3288.40 Lloyds Bank Gloucester - current a/c 25009.44 Lloyds Bank Gloucester - 30 day a/c 7680.19 Lloyds Bank Cheltenham - current a/c 52027.08 Lloyds Bank Cheltenham - deposit a/c 5121.85 Triodos Deposit account 20315791 93126.96 -3345.00 768616.66 REPRESENTING General Fund 779811.76 Funds at start of the year 0.00 Revaluations -11195.10 Surplus/(Deficit) for the year 768616.66 Total funds at the end of the year Less:Creditors	Glos 300000.00 0.00 153460.01 0.00 0.00 153460.01 1325.10 36137.75 0.00 0.00 0.00 37462.85 0.00 490922.86 405390.54 76307.31 9225.01 490922.86	Chelt 575000.00 0.00 0.00 25866.41 26065.00 51931.41 0.00 0.00 1339.03 62542.43 5207.29 69088.75 0.00 696020.16 363226.12 324700.00 8094.04 696020.16	Total 875000.00 0.00 153460.01 25866.41 26065.00 205391.42 1325.10 36137.75 1339.03 62542.43 5207.29 106551.60 0.00 1186943.02	Total 875000.00
				0.00 153460.01 25866.41 26065.00 205391.42
				1325.10 36137.75 1339.03 62542.43 5207.29 106551.60
			768616.66 401007.31 17319.05 1186943.02

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 10 March 2024.

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 2023 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 Membership no. 7743993

CHELTENHAM & GLOUCESTER UNTARIANS

INCOME AND EXPENDITURE ACCOUNT - YEAR TO 31 DECEMBER 2023

Statement of Financial Activities

2022

Total INCOME Rental income 19072.15Rent -3348.66Less: Agent's fees 15723.49 8101.20 Hall lettings 23824.69 8876.15 Investment Income Raised by the Congregation 3178.00Members subscriptions and offerings 100.00Donation 580.75 Gift Aid reclaim 3858.75 Sundry receipts 0.00Cotswold Group refunds 0.00 Hibbert Trust Grant 0.00 5187.49 Covid Grants Bank Interest 358.99 Bank interest received 42106.07 TOTAL INCOME EXPENDITURE 19690.60Cost of holding services 18038.54Premises expenses 1974.64Manse costs 1355.00Subscriptions 287.00Donations made 2685.70 Other expenses 44031.48 -1925.41 OPERATING SURPLUS/(DEFICIT) Unrealised profit/(loss)on revaluation of investments -9269.69 and property -11195.10 NET SURPLUS (DEFICIT)	Glos 6099.60 0.00 6099.60 0.00 6099.60 9143.50 0.00 0.00 0.00 0.00 3598.71 0.00 3598.71 0.00 228.31 19070.12 0.00 0.00 9695.11 0.00 0.00 150.00 9845.11 9225.01 76307.31 85532.32	Chelt 20000.04 -2175.00 17825.04 7152.00 24977.04 0.00 3222.06 0.00 743.75 3965.81 6500.00 1000.00 7500.00 0.00 1090.20 37533.05 4628.00 21962.80 0.00 115.00 125.00 2608.21 29439.01 8094.04 324700.00 332794.04	Total 26099.64 -2175.00 23924.64 7152.00 31076.64 9143.50 3222.06 0.00 743.75 3965.81 10098.71 1000.00 11098.71 0.00 1318.51 56603.17 4628.00 21962.80 9695.11 115.00 125.00 2758.21 39284.12 17319.05 401007.31	Total 26099.64 -2175.00
				23924.64 7152.00 31076.64
				9143.50 3222.06 0.00 743.75 3965.81 10098.71 1000.00 11098.71
				0.00 1318.51 56603.17
				4628.00 21962.80 9695.11 115.00 125.00 2758.21 39284.12
			418326.36

CHELTENHAM AND GLOUCESTER UNITARIANS

Details of expenditure - year to 31 December 2023

2022 Cost of holding services 19500.00 Contribution to Cotswold Group Ministry 190.00 Lay preachers 19690.00 Premises expenses 4547.20 Insurance:Church and Hall -2444.12 Less paid by Church tenant 2103.08 0.00 Rent -Gloucester services 9695.11 Manse expenses 1133.10 Lighting and heating 13700.20 Maintenance and repairs: Cheltenham Church Building and Hall 0.00 Professional fees 892.18 Cleaning services 27523.67 Subscriptions 0.00 Midland Unitarian Association affiliation fee 0.00 Midland Unitarian Association personal subscriptions 1355.00 General Assembly Quota subscriptions 1355.00 Donations 0.00 Send-a-Chid-to-Hucklow 192.00 95.00 287.00 Other expenses 664.32 Stationery, postage, telephone etc 700.00 The Inquirer 300.00 Examiner's fee 83.87 Website costs 124.90 Books 340.00 Youth Course - Great Hucklow 145.00 GA Representative 50.00 Book Token for Minister's retirement 0.00 Wi-fi 0.00 Audio equipment 143.92 Notice Board 133.69 Sundries 2685.70 Disaster Emergecy Committee Caring for Community and People	Glos 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9695.11 0.00 0.00 0.00 0.00 9695.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 150.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 150.00	Chelt 0.00 4628.00 4628.00 4652.72 -2500.83 2151.89 0.00 0.00 5946.95 4045.96 8724.00 1094.00 21962.80 0.00 115.00 0.00 125.00 125.00 0.00 0.00 125.00 102.95 370.00 150.00 203.88 30.00 0.00 475.00 0.00 208.58 1067.80 0.00 0.00 2608.21	Total 0.00 4628.00 4628.00 4652.72 -2500.83 2151.89 0.00 9695.11 5946.95 4045.96 8724.00 1094.00 31657.91	Total 0.00 4628.00	Total 0.00 4628.00
				4628.00
				0.00 115.00 0.00 115.00 125.00 0.00 0.00 125.00 102.95 370.00 300.00 203.88 30.00 0.00 475.00 0.00 208.58 1067.80 0.00 0.00 2758.21	0.00 115.00 0.00 115.00
					125.00 0.00 0.00 125.00