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2020-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1st January 2020 To 31st December 2020

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1157857

Stowmarket United Reformed Church

Charity's principal address Ipswich Street Stowmarket Suffolk Postcode IP14 1AD

Names of the charity trustees who manage the charity

1.
2
3
4
5
6
7
8
9
10
11
12
13		 Trustee name Office (if any) Dates acted if not
**for whole year **		 Name of person (or body) entitled
to appoint trustee (ifany)
The Revd Robert
Sheard		 Chair From 1stJuly
2020		 Church Meeting
Miss Anne Scarff Secretary Church Meeting
Mrs MaryDurrant Assistant Secretary Church Meeting
Mrs Janet Webb Church Meeting
Mrs Helen Freeman Church Meeting
Mr John Webb Church Meeting
Mrs Jane Gurney Church Meeting
Mrs Margaret Jackson Church Meeting
Mrs Joyce Gardiner Church Meeting
Mr Michael Martin Church Meeting
Mrs Lois Muller Church Meeting
Mr Keith Scarff Church Meeting
Mrs Linda Baxter From July2019 Church Meeting

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year
Eastern Synod URC

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1

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Constitution

How the charity is constituted Trust (eg. trust, association, company)

Trustee selection methods Elected by Church Members at Church Meeting. (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Activities of the church are overseen by the Elders’ Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church and supplemented by the Stowmarket URC constitution.

The Elders’ Meeting is responsible for the financial administration of the Church, and the care and maintenance of Church premises and the manse. The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church.

Groups (Buildings, Community and People, Discipleship, Finance, Publicity and Promotion) look at aspects of church matters and report to the Elders meeting. Elders report to Church Meeting which has overall decision making.

The Finance Group review financial practice using guidance from Charity Commission.

The Elders of the church are Church Members and Trustees. Elders normally serve a 3year period and then are able to be re-nominated. All Elders, and therefore Trustees, are nominated by Church Members and then an annual election takes place at a Church Meeting.

The Minister is a Trustee and is the Chair of both Elders and Church meetings. A new Minister has been appointed and took over as Chair in July 2020.

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Section C Objectives and activities

The object of the Charity is the advancement of the Christian faith for the benefit Summary of the objects of the of the public in accordance with the Scheme of Union of the United Reformed charity set out in its Church. governing document The Trustees have regard to the guidance by the Charity Commission on Public Benefit. The Charity is a Public benefit Entity - we are set up to benefit the general public. Summary of the main Our activities include: activities undertaken for the Providing regular public worship for all. public benefit in relation to Promoting the Christian Faith. these objects (include within Teaching the faith to all ages. this section the statutory Providing training, nurture and activities for children and young people. declaration that trustees have Serving the community. had regard to the guidance Giving pastoral care and support to members and others in need, issued by the Charity particularly those in sickness, distress or poverty. Commission on public Providing premises and resources for community groups and activities. benefit) We are not aware of any detriment or harm resulting from the implementation of our purposes.

No Trustee benefitted from work at the church and there were no personal benefits paid to Trustees.

.

Additional details of objectives and activities (Optional information)

We rely on volunteers for our activities. These run our Fund Raising activities.

We do not offer grants.

We regularly review our finances to maximise them.

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main
achievements of the charity
during the year		 We provided regular Public Worship for all. The worship is led by trained
ministers, or lay people who adhere to the central messages of the Christian
faith. While in lockdown services have been Zoomed to those able to receive the
service.
We promoted the Christian faith. Up until Lockdown we taught the Faith to all
ages through Services, Meetings, Bible study groups, and Children’s Activities.
Children’s activities include: Family Church, “Messy Church” and “Open the
Book”, the latter involves a group from the Church enacting Bible stories at some
of the local Primary Schools.
We served the Community by providing opportunities for quiet reflection and
prayer at advertised times on weekdays this has continued on Zoom. We
provided a location for baptisms, weddings and funeral services, irrespective of
whether the individuals have strong Christian beliefs, or not. We supported the
Stowmarket Food Bank.
We provided a venue for a Charity Christmas day dinner which was taken to
those on their own.
Up until Lockdown we provide opportunities for the community to come together
over refreshments. Currently we are holding virtual coffee mornings.
We gave pastoral care and support to members and others in need, particularly
those in sickness, distress, or poverty
When we were able to be open we provided premises and resources for
community groups and activities. The Church allowed local schools, a Dance
School, Choirs, U3A,
a fitness group and other organisations to use part(s) of the church premises.
Organisations hired part of the premises for a variety of events and activities.
A number of Concerts have been held on our premises including one for charity.
Our main fund raising event had to be cancelled.
Some Charity enterprises were offered room/rooms free of charge or at a
reduced rate.
Section E Financial review
Brief statement of the
charity’s policy on reserves
Details of any funds materially
in deficit
Further financial review details
Youmay chooseto include
additional information, where
relevant about:
•
the charity’s principal sources
of funds (including any
fundraising);
•
how expenditure has supported
the key objectives of the charity;
•
investment policy and
objectives including any ethical
investment policy adopted.
Weretain £10,000 inour accounts as reserves to meet unexpected
demands of a general nature.
Designated funds are held for:Growth; Improvement; Projects;
Building; Commitment for Life;Organ; and Pirmasens.
In addition we have historic Restricted funds for Local Needs
Benevolent; Coupland;Foord;
NONE
(Optional information)

The principal sources of income are through free will offerings, hire of
premises and fundraising. Although for much of the year we have not
been able to hire out our building.
A proportion of our income (approx. 1/3rd) is used exclusively for Ministry
and Mission within the wider URC.
We use CAF banking for deposits.
For 2020 Income was £65,266 and expenditure £100,970 A loss of
revenue caused by Covid resulted in Reserves being used.

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Section F Other optional information

The Trustees had plans to monitor the impact of our new boiler on expenditure connected with heating. Unfortunately, Covid has meant the curtailment of services and activities so this year has not been a true reflection of normal expenditure.

A new kitchenette and technology in the Sanctuary were able to be installed during Lockdown. Extra expenditure was incurred to ensure the Manse was brought up to standard for our new Minister. In the coming year we aim to look at our reserves and consider how best they may be placed to ensure that we continue to gain maximum benefit from our finances.

Despite a loss in income we are a going concern.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Anne Maureen Scarff

Position (eg Secretary, Chair, Secretary etc) Date 31/1/2021

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Stowmarket URC Charity, Registered Charity No 1157857

Stowmarket United Reformed Church

Ipswich Street

Stowmarket

Suffolk, IP14 1AD

End of Year Financial Statements

Year ending 31[st] December 2020

Accounts based on Accrual Accounting FRS102 SORP 2015

The accounts are prepared in accordance with Charity Law by Ann Waller, Church Treasurer, January 2021

The United Reformed Church Stowmarket - 1157857

Statement of Financial Activities

For the period from 01 January 2020 to 31 December 2020

Unrestricted
Restricted Endowment
Prior year
funds
funds
funds
2020
2019
Income and endowments from:
Donations and legacies
37,592
37
—
37,629
37,906
Other trading activities
7,916
—
—
7,916
25,629
Investments
4,382
—
—
4,382
4,476
Other income
15,337
—
—
15,337
62,445
Total income
65,229
37
—
65,266
130,457
Expenditure on:
Raising funds
45
—
—
45
595
Expenditure on charitable activities
50,444
293
—
50,737
99,664
Other expenditure
50,188
—
—
50,188
43,680
Total expenditure
100,677
293
—
100,970
143,940
Net income / (expenditure) resources before transfer
(35,448)
(256)
—
(35,704)
(13,483)
Transfers
Gross transfers between funds - in
21,010
12,000
—
33,010
47,293
Gross transfers between funds - out
(33,010)
—
—
(33,010)
(47,293)
Other recognised gains / losses
Net movement in funds
(47,448)
11,743
—
(35,704)
(13,483)
Reconciliation of funds
Total funds brought forward
235,674
732
—
236,406
249,890
Total funds carried forward
188,225
12,476
—
200,702
236,406

Statement of Cashflows has not been included, not necessary due to thresholds.

There are no related party transactions

There may be minor discrepancies in the totals if the pence are not being shown

Page 1

The United Reformed Church Stowmarket - 1157857

Statement of Financial Activities

For the period from 01 January 2019 to 31 December 2019

Unrestricted
funds
Restricted
funds		 Endowment
funds
2019
2018
Income and endowments from:
Donations and legacies
37,889
16
Other trading activities
25,629
—
Investments
4,476
—
Other income
62,445
—		 —
37,906
194,966
—
25,629
26,846
—
4,476
4,210
—
62,445
9,106
Total income
130,440
16
Expenditure on:
Raising funds
595
—
Expenditure on charitable activities
99,432
232
Other expenditure
43,680
—		 —
130,457
235,129
—
595
221
—
99,664
46,510
—
43,680
48,260
Total expenditure
143,708
232		 —
143,940
94,991
Net income / (expenditure) resources before transfer
(13,267)
(215)		 —
(13,483)
140,138
Transfers
Gross transfers between funds - in
47,293
—
Gross transfers between funds - out
(47,293)
—
Other recognised gains / losses		 —
47,293
—
—
(47,293)
—
Net movement in funds
(13,267)
(215)
Reconciliation of funds		 —
(13,483)
140,138
Total funds brought forward
248,941
948		 —
249,890
109,751
Total funds carried forward
235,674
732		 —
236,406
249,890

Statement of Cashflows has not been included, not necessary due to thresholds.

There are no related party transactions

There may be minor discrepancies in the totals if the pence are not being shown

Page 1

The United Reformed Church Stowmarket -1157857

Balance sheet (Summary) As at: 31 December 2020

Asat31/12/2020
£
Fixed assets
Tangible assets
31,754
31,754
Current assets
Debtors
3,620
Cash at bank and in hand
165,559
169,180
Liabilities
Creditors:Amounts falling due in one year
232
Net current assets less current liabilities
168,947
Total assets less current liabilities
200,702
Total net assets less liabilities
200,702
Represented by
Unrestricted
Unrestricted-General fund
19,473
Designated
Designated-Improvement Fund
7,607
Designated - Project Fund
146,273
Designated-Haughley Fund
Designated - Growth Fund
8,500
Designated-Commitment for Life Fund
Designated - Pirmasens Fund
494
Designated-Organ Fund
4,377
Designated - Pastorate Fund
1,498
Restricted
Restricted - Local Needs Benevolent Fund
2,044
Restricted-Coupland Fund
231
Restricted-Foord Fund
10,200
Funds of the charity
200,702		 Asat31/12/2019
£
13,007
13,007
32,408
195,388
227,796
4,397
223,399
236,406
236,406
62,821
10,267
155,233
400
500
494
4,377
1,578
57
231
443
236,406

Note: Trustees agreed that Restricted and Designated Funds are correct Accounts agreed

Signed on behalf of the Trustees

... ... ...... ... ... ... ... ... .. 8th February 2021

Revd: Robert Sheard

Chairman

There may be minor discrepancies in the totals if the pence are not being shown

Page2

The United Reformed Church Stowmarket - 1157857

Statement of Assets and Liabilities (by code) As at: 31 December 2020

Class and nominal code General Designated Restricted Endowment Total Last year
Fixed assets - Tangible assets
Balcony Rails — 1,530 — — 1,530 2,001
Staging — 1,212 — — 1,212 1,576
Kitchenette — 13,494 — — 13,494 —
New Ovens for kitchen — — — — — 593
New Church Chairs — 4,869 — — 4,869 6,695
Ricoh Photocopier — — — — — 154
HP Photocopier 1,406 — — — 1,406 1,987
Church Technology — 9,241 — — 9,241 —
Total 1,406 30,348 — — 31,754 13,007
Current assets - Cash at bank and in hand
C30 CAF General Cash Account (148,856) 137,029 12,476 — 650 628
C31 CAF Gold Account 163,144 — — — 163,144 192,915
C34 CAF Pastorate Account — 1,498 — — 1,498 1,578
C36 TSB Petty Cash Account 266 — — — 266 266
Total 14,554 138,528 12,476 — 165,559 195,388
Current assets - Debtors
Z05 Accounts Receivable 3,620 — — — 3,620 32,408
Total 3,620 — — — 3,620 32,408
Liabilities - Agency accounts
6699 Agency collections — — — — — 179
Total — — — — — 179
Liabilities - Creditors: Amounts falling due in one year
Z04 : Accounts Payable 107 125 — — 232 4,218
Total 107 125 — — 232 4,218
Net total assets 19,473 168,752 12,476 — 200,702 236,406

Page 3

The United Reformed Church Stowmarket - 1157857

Analysis of income and expenditure

Selected period : 01 January 2020 to 31 December 2020

Unrestricted
Designated
Incomeand endowments
Donations and legacies
B7-LocalNeeds Benevolent Fund
C15-Collections Special
01-Donations Received
2,418
02-Donations allocated to Specific
12
Funds
F3-Freewill Offering
34,779
G6- Gift Day
247
LI-Legacies Received
10
W3-Commitment for Life
125
Y2-Youth and Childrens Work
Donations andlegaciesTotals
37,467
125
Other trading activities
C1-Coffee Mornings
1,384
PB-Premises Letting
5,764
S1-Special Fund Raising Events
277
S5- SHCT (Cycle Ride)
147
W2 -Wide Horizons
Other trading activities Totals
7,573
Investments
112 - Int on Manse account at Synod
3,644
16-Interest on CAF Gold a/c
156
Y1-Yaxley Trust
582
Investments Totals
4,382
Other income
F4-Funerals
120
H2 - HMRCJobRetention Scheme
5,152
11- Income Tax Gift Aid Refund
7,724
M1-Magazines
7
MB-MiscellaneousIncome
15
P28 - Pastorate GroupIncome
2,318
P29-Premises Electric Insurance
Claim
P30 - Premises WaterInsuranceClaim
P31 - Heating Repairs Insurance Claim
T4-Transfers & Credits to TSB Petty
Cash
W1-Weddings
Other income Totals
13,018
2,318
Incomeand endowments
62,442
2,443
Grand totals		 Unrestricted
Designated		 Total
Restricted
Endowment
2020
2019
2,418
12
34,779
247
10
125		 37
37
16
210
2,418
1,338
12
34,779
32,939
247
2,524
10
125
767
109
37,467
125
1,384
5,764
277
147		 37
37,629
37,906
1,384
6,988
5,764
15,210
277
1,376
147
143
1,911
7,573
3,644
156
582		 7,573
25,629
3,644
3,564
156
329
582
582
4,382
4,476
120
195
5,152
7,724
7,675
7
17
15
61
2,318
2,234
429
377
51,235
100
120
13,018
2,318		 15,337
62,445
62,442
2,443		 37
64,923
130,457

There may be minor discrepancies in the totals if the pence are not being shown

Page 4

Paid employees

Staff Costs

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs		 This year
£		 Last year
£
9703 9278
0 0
0 0
0 0
9703 9278
Band Number of employees
£2000 to £6000 1
£6000 to £10,000 1
Average head count in the year
The parts of the charity in which the
employees work		 This year
**Number **		 Last year
**Number **
Fundraising - -
Charitable Activities 0.62 0.62
Governance - -
Other - -
Total
0.62		 0.62

HMRC Job Retention Grant Received to cover period 23[rd] March to 31[st] Dec 2020 was £5152.00. This was passed on to the employees in line with HMRC instructions.

The church used the services of one part-time cleaner to clean the premises, and a part-time Church Administrator to run the Church Office.

We do not run a defined contribution Pension Scheme

Trustee expenses.

There was no trustee’s remuneration in the year ended 31[st] December 2020

Fees for examination of the accounts

The independent examiner fees.

Independent examiner’s fee 2020 2019
150 150

Page 6

Tangible Fixed Assets

At the beginning of the
year 1/1/2020
Additions
Revaluations
Disposals
Transfers
At end of the year
31/12/2020
Basis*
 Rate
At beginning of the year
1/1/2020
Disposals
Depreciation
At end of the year
31/12/2020
Net book value at the
beginning of the year
Net book value at the
end of the year 2020		 Freehold land &
buildings
£		 Fixtures, fittings
and equipment
£		 Total
£
60500 38794 99294
14995 11551 26546
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
75495 50345 125840
SL SL SL

10%		 10% &20% 10% & 20%
58499 27787 86286
0.00 0.00 0.00
1970 5829 7799
60470 33616 94086
2001 11007 13008
15025 16729 31754

Items 1, 2 and 3 listed below are assets held by the URC (Eastern Province) Trust as the Custodian Trustees of these assets and hence these items do not appear in the balance sheet of this church. Fixtures, fittings and equipment purchased since 1[st] January 2001 have been capitalized, subject to the following:

overall value of the church premises, or have a significant immediate realisable value.

  1. The Freehold and contents in the Church in Ipswich Street.

  2. The Freehold of the Manse in Temple Road.

  3. £117k invested by the Synod in COIF Bank. (The income alone is expendable, allowable by existing URC policy- may be subject to change).

The church does not have a policy for revaluation of assets .

Page 7

Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Prepayments and accrued income
Other debtors
Total		 2020
£		 2019
£
0.00 0.00
1141 1060
2480 31348
3621 32408

Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

Analysis of creditors
Bank loans and overdrafts
Accruals and deferred income
Taxation and social security
Other creditors
Total
Amounts falling due
within oneyear
2020
£		 2019
£
0.00 0.00
0.00 0.00
0.00 0.58
232 4160
232 4218

There is no Security over assets:

Endowment and Restricted Funds

The church has no Endowment Funds

Grant-making policy

Grants made to institutions in a given year are agreed at a Church Meeting.

Page 8

Benevolent Collections for other Charities 2020

The figures below are not included in the Main Accounts. They are classed as Agency Collections as the church collection is on behalf of charities.

Boys Brigade & Girls Assn 50.00 Christian Aid 401.08 Marys Meals 200.41 SHCT 285.00 Stroke Association 136.38 Stowmarket Food Bank 50.00 St Elizabeth Hospice 170.00 Total £1292.87

Note: These are funds received and paid to the charities above by the Stowmarket URC Charity during 2020.

PASTORATE ACCOUNT 2020

INCOME

B/fwd from 2019 1578.48
Income from Chapels &
Stowmarket etc 2318.80
Total Income 2020 3897.28

EXPENDITURE

Council Tax 1131.76
Telephone 286.32
Travel 87.30
Anglia Water 269.73
Manse Brown Bin 44.10
Stationery & Books 113.19
Other 126.95
New Laptop 279.00
Monthly Bank Charges 60.00
Total Expenditure 2398.35
Balance Sheet 2019
b/fwd from 2020 1578.48
Income 2318.80
Expenditure (2398.35))
c/fwd to 2021
£1498.93

Ann Waller

Treasurer