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2022-12-31-accounts

Welwyn
Garden
City		 United United United United Reformed Reformed Church Church Church Charity Charity No: No: 1167010 1167010 Page 1
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
RECEIPTS AND PAYMENTS ACCOUNT
This Year Last Year
Unrestricted Designated Restricted 2022 2021
Note Funds
R		 Funds K Funds f Total E Total K
RECEIPTS
Tithes and Offerings 3 40,207 146 13,745 54,098 47,515
Gifts and Legacies 4 870 10 12,406 13,286 8,366
Fund raising and Grants 5 75,947 75,947 60,094
Property
income		 6 43,058 3,525 46,583 29,752
Interest,
investment
income		 14a 53 2,344 2,397 2,146
Other income 7 5,480 5,480 12,115
Organisation
income		 14b 2,014 2,014 346
Total receipts 84,188 2,500 113,116 199,805 160,334
PAYMENTS
Wider Ministry 8 24,769 3,161 27,930 37,038
Ministry/Group
expenses		 9 17,028 65,527 82,555 85,908
Church
running
costs		 10 18,830 12,502 2,191 33,523 41,324
Exceptional Expenses 11 12,241 23,873 36,114 35,392
Total payments 72,868 12,502 94,752 180,122 199,662
NET RECEIPTS / (PAYMENTS) 11,321 -10,002 18,364 19,683 -39,328
TRANSFERS between funds -165 500 -335 0 0.:
UNREALISED CAPITAL GAIN/LOSS -7,432 -7,432 10,176
FUNDS b/fwd
1 January		 6,525 53,037 50,606 110,168 139,319
FUNDS c/fwd 31 December 17,681 36,103 68,635 122,418 110,168
STATEMENT OF ASSETS AND LIABILITIES
Assets
Monetary Assets
Bank account 1,372 466 6,921 8,759 13,139
Savings Account 16,309 913 23,601 40,823 16,771
Flower Account 13 13 2
Investment
Assets
Investment
COIF		 32,618 25,540 58,158 65,810
Investment
Jupiter		 2, 106 12,560 14,666 14,446
Totals 12 17,681 36,103 68,635 122,418 110,168
Other assets
Gift Aid recoverable
Assets used for church purposes
Buildings 13 Church
buildings		 and manse
Church contents Furnishings and equipment
Liabilities
Key deposits 235 235 235'
PROV
D by the Ch		 rch Members on ilo*ff tlQtt'j) and signed on their behalf
(name)~ L(P W ~~
(signature)
The notes on pages 2 to 5form part ofthis financial statement

ed
F		 unds may be use d by the c hurch for any of its ordinary
pu		 rposes.
Balance Receipts Payments Transfers Balance
b/fwd in year in year for year c/fwd
Totals for unrestricted fund 6,525 84,188 -72,867 -165 17,681
Totals fo r unrestricte d
fund		 d
fund		 6,525 84,188 -72,867
-165
17,		 -72,867
-165
17,		 -72,867
-165
17,		 681
Designated
Funds		 represent unrestricted funds set aside by the church for specific designated
purposes;		 they
can be transferred back into general funds at the church's decision.
Fund name & purpose: Balance
b/fwd
E		 Receipts
in year R		 Payments
in yearf		 Transfers
for year R		 Balance
c/fwd
K
Benevolent
Fund		 308 156 464
Maintenance
Fund		 10,911 -12,502 12,500 10,909
Minister's
Car Replacement		 10,000 10,000
Reserve Fund 31,817 2,344 -12,000 22,161
Totals for designated funds 53,037 2,500 -12,502 500 43,535
alised
Capital Gain/Loss
(Reserves)		 -7,432

be absorbed
into g		 be absorbed
into g		 eneral funds.
Fund name &purpose: Balance
b/fwd
R		 Receipts
in year E		 Payments
in year f		 Transfers
in yearf		 Balance
c/fwd
R
Building
Fund		 10,802 1,530 12,332
Chatter and Tots 509 449 958
Community
Development		 345 565 -251 659
Earmarked
Fund		 4,043 7,915 -6,111 5,848
Equipment
Fund		 (Tea Point) 2,562 4228.88 -6,542 249
Fabric Fund 11,011 4,449 -13,368 625 2,718
Special Collections 22 1,621 -1,643 0
Liabilities 235 235
Mission and Children
Family Funds		 21,074 70,170 -63,595 27,649
Lottery Grant 0 9,804 -2,315 -960 6,529
Flower Fund 2 940 -929 13
BackTo Work 0 1,000 1,000
Legacy Fund 0 10,443 10,443
Totals for restricted funds 50,606 113,116 -94,752 -335 68,635
Totals for all funds 110,168 199,805 -180,122 0 129,850
Total C/F Inc Loss 122,418
Welwyn
Garden
City United		 Welwyn
Garden
City United		 Welwyn
Garden
City United		 Reformed Church Page 3
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
NOTES - continued
RECEIPTS
This Year Last Year
Unrestricted Designated Restricted 2022 2021
Funds f Funds R Funds
R		 Total K Total K
3 TITHES AND OFFERINGS
Cash and Cheque
Giving		 2,875 146 369 3,390 3,373
Direct Giving 23,487 23,487 22,633
Envelopes 6,829 6,829 3,629
Gift Aid 7,015 1,650 8,665 7,066
Special collections 1,918 1,918 1,616
Youth, Mission,
Build Pledges		 9,808 9,808 9,198
Total Tithes and Offerings 40,207 146 13,745 54,098 47,515
4 GIFTS and LEGACIES
Gifts inc carpet 870 10 1,962 2,842 8,366
Legacies 10,443 10,443 0
Total Gifts and Legacies 870 10 12,405 13,286 8,366
5 FUNO RAISING, GRANTS
Events inc Coffee 4,245 4,245 2,580
Synod Grants (Note 14c) 58,762 58,762 53,000
URC Equipment
Grant		 2,000 2,000 2,000
National
Lottery Grant (Note 14d)		 9,804 9,804 0
Synod Survey Grant 1,136 1,136 0
Extra Synod Grant (Note 14e) 2,514
Total Fundraising and Grants 75,947 75,947 60,094
6 PROPERTY INCOME
Hall Hire 22,108 22,108 13,340
Car Park 4,886 2,500 7,386 6,117
Key and car park deposits 800 800 595
Funeral and weddings 225 225 100
Manse Rental (Note 14f) 16,065 16,065 9,600
Total Property
income		 43,058 3,525 46,583 29,752
7 OTHER INCOME
Harpenden, Wheatsted, IFG group 710 710 683
JRS HMRC Furlough 11,132
Barrier Insurance
received		 3,779 3,779 0
Flowers (Note 14g) 990 990 300
Total Other income 0 5,480 5,480 12,115
Welwyn
Garden
City United Reformed		 Welwyn
Garden
City United Reformed		 Welwyn
Garden
City United Reformed		 Welwyn
Garden
City United Reformed		 Church Church Church Page4
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022
NOTES - continued
PAYMENTS Thi s Yea
r		 ear
Last Y
Unrestricted
'
'		 Designated Restricted 2
022		 1
202
Funds
R
",:		 Funds R Funds K T otal E IE
Tots
8 WIDER MINISTRY
Donations 133" 3,161 3,294 3590 ~t&.
',',:ezkk
Ministry
and Mission		 24,636
'		 24,636 33,448;&~;,r,
Total Wider ministry costs 24,769 0 3,161 27,930 37,038 ''rrrj
MINISTRY GROUP EXPENSES
Flowers 979 979 403 ij, „,
'
Licenses 730', , 730 1,336:„'!,
",'!'...",'
Office support 971 ",'.',. 93 1,063
Audit/Bank
Charges		 211 rgb" 2« .
'		 50 ~"„'„
Printing
Pulpit Supply		 397" ',
670' "		 510 907
670		 1,424
120		 ~g,„;,~'„", ,
QglJP,
Telephone 269'„;„ 82 351
Transport 17 17 302 P~;,
'
Worship support
8 Organists
Youth and Mission Work
Employee salaries,
Nl and Pensions		 1,465.',j
«,967
'
'		 85'
453
62,578'		 1,550
453
74,546		 609oQ,~!l,
74,916~'
Events inc Catering
Miscellaneous
Total Ministry
Group		 expenses ~~ '. 348
17,028,'		 0 7oof
n
65,527;"'		 1,078
82,555		 3,190Qi,-.:.
«5 ~o,;,''j'I
85,908 "j&j"',;
10 CHURCH
RUNNING
COSTS
Cleaning
and supplies
Grounds		 9041 "V".
961 ',,
'		 1,361 10,402
961		 . 3,608f!';,
2,131:.
;::'.::::
Insurance
Maintenance
Church		 4,209YP 8,913 13 4,209'
8,926		 3,368j'~:;,
16,350,„:64,
Maintenance
Manse		 3,589 3,589 8,779m'
Manse Utilities /Council Tax
Church
Utilities		 oso(
4,040 -'~		 817(: '' 580
4,857		 f,;,' 3,642
3,447		 ++'
'~y~'.,.'*
Total Church
running		 costs 18,830 12,502 2, 191 33,523 41,324 '";„;,'
EXCEPTIONAL EXPENSES
Build Planning
Equipment
Purchase
Projects (see Note14h)		 8,178,"":
1,«9', I:"
2,945		 6,225,;,
196Y':
17,452		 14,403
1,315
20,396		 '
' '		 11,411
278
23,703		 Q~~j
g„;:
'l';,„.
Total Exceptional Expenses 12,241 0 23,873 36,«4 35,392
.
'..'.		 12 ASSETS
The church monies are not held in segregated accounts,
but for the		 sake of this financial statement
the		 total
ofeach account is allocated appropriately over the various funds. Investment Assets are also allocated across
funds
mainly Reserves and		 the Car Fund ,"g$$~pp",' r 'j