Charity Registration No. 1167088 (England and Wales) 

BROOK STREET UNITARIAN CHAPEL ANNUAL REPORT AND UNAUDITED FINANCIAL 

STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 

2021 




## BROOK STREET UNITARIAN C 

## LEGAL AND ADMINISTRATIVE 

Trustees                                                        Mr. G Birks Mr. A Eastwood Mrs. D Birks Mrs. A Clayton Mrs. B Cornes Mr. S Crowther Mrs. H Smithson Rev'd J Bradley Charity number                                   1167088 Principal address The Chapel Hall Adams Hill Knutsford Cheshire WA16 8DY Independent examiner                        Glen Brookfield Powder Systems Ltd Estuary Business Park Speke Liverpool Merseysi de L24 8RG Bankers                                              NatWest 82 King Street Knutsford Cheshire WA16 9EG Solicitors                                            R Ramage Copehale Coppenha ll Stafford ST18  9BW 



## BROOK STREET UNITARIAN C 

## LEGAL AND ADMINISTRATIVE 

Investment advisors                                W H Ireland 11 St Jame's Square Manches ter M2 6WH 



BROOK STREET UNITARIAN C 

## CONTENT 

Page Trustees' Report 1 - 3 Independent examiner's report                                                    4 Statement of financial activities 5 Statement of financial position 6 Notes to the accounts 7 - 15 



## BROOK STREET UNITARIAN C 

## TRUSTEES' REPORT 

## FOR THE YEAR ENDED 31 DECEMBER 

The trustees present their report and financial statements for the year ended 31 December 2021. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the chapel's constitution dated 13 May 2016, the Charities Act 2011 and “Accounting and Reporting  by Charities: Statement of Recommended Practice applicable to charities preparing  their  accounts in  accordance with  the Financial  Reporting Standard applicable in the UK and Republic of Ireland (FRS  102)” (as amended for accounting periods commencing from 1 January 2016) 

## **Objectives and activities** 

The objectives of Brook Street Chapel are to promote religion in accordance with the principles of the General Assembly of Unitarian and Free Christians. 

In doing this, the aim is to encourage the development of spiritual, ethical and religious values and the furtherance of a Christian way of life and service to others. 

Brook Street Chapel furthers its charitable purposes for the public benefit by offering worship on a regular basis, together with various activities from time to time of a social or educational character. Pastoral support is given both to members and to individuals in the wider community. 

The trustees have referred to the Charity Commission’s guidance on public benefit when reviewing Brook Street Chapel’s objectives and activities. 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the chapel should undertake. 

## **Achievements and performance** 

Brook Street Chapel continues to be developed for its historic purpose of providing both spiritual and general guidance and help within the community. 

During the year ended 31 December 2021 the Chapel continued to be self-financing and to maintain the Grade I listed building built in around 1689 and the school rooms built in 1885. 

## **Financial review** 

It is the policy of the chapel that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the chapel’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period. 

The trustees have assessed the major risks to which the chapel is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

- 1 - 



## BROOK STREET UNITARIAN 

## C 

## TRUSTEES' REPORT (CONTINUED) 

## FOR THE YEAR ENDED 31 DECEMBER 

The main restricted funds are: 

The Dickinson Benefaction, established in 1988 for the purpose of generating income for the benefits of the appointed ministers and the Woodcock Benefaction, established in 1989 for the purpose of generating income for the benefit of the appointed ministers.  These two funds were amalgamated in 2021into the Minister’s Support Fund which is a restricted fund with the same purpose. 

Funds totaling £1,851.00 have been drawn down from the Woodcock & Dickinson benefaction funds during the period for the benefit of the minister. 

The total income from the activity of the Brook S t r e e t Unitarian Chapel was £70,287 and expenditures excluding transfers to investments were £57,742. The net investment gains in the year totaled £18,964 resulting in net incoming resources of £31,509. 

The cottage continues to be rented out and this monthly rental income goes into the general funds of the Chapel. 

The assets of the Brook Street Unitarian Chapel are held by trustees for the benefit of the Chapel. 

The treasurer, assisted by the Chapel’s investment advisors and trustees, maintained a watching brief over the investments and authorized alterations to capitalize on the developing situation in terms of both capital and income/normal expenditure. 

## **Statement of Ethical Investment Policy** 

The investment advisers have been instructed by the trustees to keep a watching brief to ensure no blatantly unethical investments are brought into the Chapel's investment portfolio. 

## **Structure, governance and management** 

Brook Street Unitarian Chapel is a charitable incorporated organisation registered on 13 May 2016. The original Brook Street Chapel charity, which was an excepted charity, transferred all of its assets and liabilities to the new charity named above as at 13 September 2016. The original charity did not operate after 13 

September 2016. The Chapel is a member of the General Assembly of Unitarian and Free Christian Churches and as such worships for the purposes of maintaining a congregation of dissenters free from the doctrine and teachings of the Church of England as set out in the original Trust Deed of 1694. 



The trustees who served during the year were: 

Mr. G Birks Mr. A Eastwood Mrs. D Birks Mrs. A Clayton Mrs. B Cornes Mr. S Crowther Mrs. H Smithson Rev'd J Bradley 

Membership of the CIO is open to anyone who is interested in furthering its purpose and who, by applying for membership has indicated their agreement to become a member. The charity trustees may require applications for membership to be made in any reasonable way that they decide and if they approve an application, they must notify the applicant of their decision within 21 days. 

The trustees may refuse an application for membership if they believe it is in the best interests of the CIO to do so and they must give the applicant their reasons for doing so within 21 days of the decision being taken giving the applicant the opportunity to appeal. The members should give fair consideration to any appeal but any decision to confirm refusal of the membership shall be final. 

The trustees' report was approved by the Board of Trustees. 

Mr. A Eastwood Trustee Dated: 10 JUNE 2022 



BROOK STREET UNITARIAN C 

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BROOK STREET UNITARIAN CHAPEL 

I report on the financial statements of the chapel for the year ended 31 December 2021, which are set out on pages 5 to 15. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

## **It is my responsibility to:** 

(i)       examine the financial statements under section 145 of the 2011 Act; (ii)      Follow the procedures laid down in the general Directions given by the Charity Commission under section 

145(5) (b) of the 2011 Act; and 

(iii) State whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: (a)   Which gives me reasonable cause to believe that in any material respect the requirements: 

(i) to keep accounting records in accordance with section 130 of the 2011 Act; 

and 

(ii)      To prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met or 

(b)   to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. 

Independent Examiner 

Glen Brookfield Powder Systems Ltd Estuary Business Park Liverpool L24 8RG 



## BROOK STREET UNITARIAN C 

## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 

|||**Unrestri**<br>**cted**<br>**Funds**|**Restric**<br>**ted**<br>**Funds**|**Total**<br>**2021**|**Total**<br>**2020**|
|---|---|---|---|---|---|
||**Income From:**<br>**Not**<br>**es**|£|£|£|£|
||Donations and legacies<br>2|18,158|500|18,658|37,282|
||Charitable activities<br>3|25,692|0|25,692|18,244|
||Investments<br>4|23,933|2,004|25,937|21,069|
||**Total income**|67,783|2,504|70,287|76,595|
||**Expenditure on:**|||||
||Raising funds<br>5|12,801|1,004|13,805|17,149|
||Charitable activities<br>6|35,062|6,174|41,236|43,471|
||**Total charitable expenditure**|35,062|6,174|41,236|43,471|
||Other<br>9|2,701|0|2,701|6,971|
||**Total resources expended**|50,564|7,177|57,742|67,591|
||Net gains/(losses) on investments<br>10|(18,964)|0|(18,964<br>)|(9,987)|
||**Net incoming/(outgoing) resources**<br>**before transfers**|(1,745)|(4,674)|(6,419)|(983)|
||Gross transfers between funds|0|0|0|0|
||**Net movement in funds**|(1,745)|(1,745)|(6,419)|(983)|
||Fund  balances at 1 January 2021|1,651,803|95,557|1,747,3<br>60|1,748,3<br>43|
||**Fund balances at 31 December**<br>**2021**|1,645,385|95,557|1,740,9<br>42|1,747,3<br>60|



The statement of financial activities includes all gains and losses recognized in the year All income and expenditure derive from continuing activities 



BROOK STREET UNITARIAN C STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 

||**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|
|**Note**<br>**s**|£|£|£|£|
|**Fixed assets**|||||
|Property, plant and<br>equipment<br>**11**||654,27<br>6||654,78<br>2|
|Investments<br>**12**||953,66<br>0||953,66<br>0|
|||1,607,9<br>36||1,608,4<br>42|
|**Current assets**|||||
|Trade and other receivables<br>**13**|1,344||6,510||
|Cash at bank and in hand|133,1<br>46||137,51<br>9||
||134,4<br>90||144,02<br>9||
|**Current liabilities**<br>**14**|(784)||(4,411)||
|Net current assets||133,70<br>6||139,61<br>8|
|**Total assets less current**<br>**liabilities**||1,741,6<br>42||1,748,0<br>60|
|**Non-current liabilities**<br>**15**||(700)||(700)|
|**Net assets**||1,740,9<br>42||1,747,3<br>60|
|**Income funds**|||||
|Restricted funds<br>**16**||95,557|95,557|95,557|
|Unrestricted funds||1,645,3<br>85|1,651,8<br>03|1,651,8<br>03|
|||1,740,9<br>42|1,747,3<br>60|1,747,3<br>60|





BROOK STREET UNITARIAN C NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 

## **1. Accounting policies** 

Charity information Brook Street Unitarian Chapel is a Charitable Incorporated Organization registered with the Charities Commission on 13 May 2016. 

## **1.1Accounting convention** 

The accounts have been prepared in accordance with the chapel's constitution dated 13 May 2016, the Charities Act 2011   and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS  102)” (as amended for accounting periods commencing from 1 January 2016). The chapel is a Public Benefit Entity as defined by FRS 102. 

The chapel has taken advantage of the provisions in the SORP for charities applying FRS 102 Update 

Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements are prepared in sterling, which is the functional currency of the chapel. Monetary amounts in these financial statements are rounded to the nearest £. 

The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investments and certain financial instruments at fair value.  The principal accounting policies adopted are set out below. 

## **1.2Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the chapel has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

It is the policy of the trustees to transfer the value of fixed assets from restricted to unrestricted funds when the asset has been purchased from restricted fund donations and then becomes available for the general use of the chapel. 

## **1.4 Incoming resources** 

Income is recognised when the chapel is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt.  Other donations are recognised once the chapel has been notified of the donation, unless performance conditions require deferral of the amount.  Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 



BROOK STREET UNITARIAN C NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 

Legacies are recognised on receipt or otherwise if the chapel has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 



BROOK STREET UNITARIAN C 

## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 

## **1        Accounting policies (Continued)** 

## **1.5     Resources expended** 

Expenditure is recognised on an accrual basis as a liability is incurred.  Expenditure includes any VAT and is reported as part of the expenditure to which it relates: Expenditure on raising funds includes all expenditure incurred to raise funds for charitable purposes. Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its 

activities and services for its beneficiaries. It includes both costs that can be allocated directly to such 

activities and those costs of an indirect nature necessary to support them. 

Other costs include all expenditure which is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated between the expenditure categories of the Sofa on a basis designed to reflect the use of the resource. 

## **1.6     Property, plant and equipment** 

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Fixtures and fittings                                              10% straight line Equipment                                                             10% straight line 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. 

The Brook Street Chapel was conveyed to the previous excepted charity on 23 November 1846 at no cost and subject to a specific term that the trustees should stand possessed of the property thereafter.   These assets were revalued in 1999 at £651,779 and this valuation has not been updated.  Since the charity is responsible for keeping the original land and buildings in fit and useful condition the costs of doing so are written off as and when incurred. 

## **1.7     non-current investments** 

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date.  Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. 

## **1.8     Impairment of non-current assets** 

At each reporting end date, the chapel reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

## **1.9     Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 



## **1       Accounting policies (Continued)** 

## **1.10   Financial instruments** 

The chapel has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 

‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the chapel's balance sheet when the chapel becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method less any impairment. 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## **2        Donations and legacies** 

|**onations and legacies**|||||
|---|---|---|---|---|
||**Unrestric**<br>**ted**<br>**Funds**|**Restric**<br>**ted**<br>**Funds**|**Total**<br>**2021**|**Total**<br>**2020**|
||£|£|£|£|
|Donations andgifts|18,158|500|18,65<br>8|37,28<br>2|
|For the year ended 31 December<br>2021|33,482|3,800||37,28<br>2|
|**Donations and gifts**|||||
|Donations and legacies|12,719|0|12,71<br>9|10,70<br>5|
|Grants received|3,000|500|3,500|23,40<br>0|
|Income tax recoverable|2,439|0|2,439|3,177|
||18,158|500|18,65<br>8|37,28<br>2|



**3 Charitable Events** 

|**Charitable Events**|||||
|---|---|---|---|---|
||**Unrestric**<br>**ted**<br>**Funds**|**Restric**<br>**ted**<br>**Funds**|**Total**<br>**2021**|**Total**<br>**2020**|
||£|£|£|£|
|Charitable rental income|11,612|0|11,612|11,585|
|Events and refreshment takings|4,396|0|4,396|1,493|
|Insurance claim re COVID losses|9,684|0|9,684|5,166|
||25,692|0|25,692|18,244|
|For the year ended 31 December 2020|18,244|0||18,244|





## **4 Investments** 

|**5**<br>**Raising Funds**<br>**6**<br>**Charitable**<br>Dividends and interest<br>receivable<br>For  the year ended 31<br>December 2020<br>**Fundraising and publicity**<br>Rental agents fees<br>Costs of events<br>Advertising, printing etc<br>Investment portfolio<br>management fees<br>Fundraisingandpublicity<br>For the year ended 31<br>December 2020<br>Fundraising and publicity<br>Depreciation<br>Light and heat<br>Water rates and council tax<br>Insurance<br>Cleaning costs and caretaker<br>Repairs and maintenance<br>Telephone<br>Ministerial costs<br>Organists<br>Appeals & donations<br>**Analysis by fund**<br>Unrestricted funds<br>Restricted funds|**5**<br>**Raising Funds**<br>**6**<br>**Charitable**<br>Dividends and interest<br>receivable<br>For  the year ended 31<br>December 2020<br>**Fundraising and publicity**<br>Rental agents fees<br>Costs of events<br>Advertising, printing etc<br>Investment portfolio<br>management fees<br>Fundraisingandpublicity<br>For the year ended 31<br>December 2020<br>Fundraising and publicity<br>Depreciation<br>Light and heat<br>Water rates and council tax<br>Insurance<br>Cleaning costs and caretaker<br>Repairs and maintenance<br>Telephone<br>Ministerial costs<br>Organists<br>Appeals & donations<br>**Analysis by fund**<br>Unrestricted funds<br>Restricted funds|||||**Unrestri**<br>**cted**<br>**Funds**|**Unrestri**<br>**cted**<br>**Funds**||**Restric**<br>**ted**<br>**Funds**|**Restric**<br>**ted**<br>**Funds**||**Tota**<br>**l**<br>**202**<br>**1**|**activities**<br>**Tota**<br>**l**<br>**202**<br>**0**<br>£<br>21,0<br>69<br>21,0<br>69<br>**Total**<br>£<br>**2020**<br>176<br>554<br>1,016<br>15,40<br>3<br>17,14<br>9<br>17,14<br>9<br>17,14<br>9|**activities**<br>**Tota**<br>**l**<br>**202**<br>**0**<br>£<br>21,0<br>69<br>21,0<br>69<br>**Total**<br>£<br>**2020**<br>176<br>554<br>1,016<br>15,40<br>3<br>17,14<br>9<br>17,14<br>9<br>17,14<br>9|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||£|||£|||£|||
|||Dividends and interest<br>receivable||||23,933|||2,004|||25,9<br>37|||
|||For  the year ended 31<br>December 2020||||18,925|||2,144||||||
||||||||||||||||
|||||||**Unrestric**<br>**ted**<br>**Funds**|||**Restric**<br>**ted**<br>**Funds**|||**Total**<br>**2**|||
|||||||£|||£|||£|||
|||||||**2021**|||**2021**|||**2021**|||
|||**Fundraising and publicity**|||||||||||||
|||<br>Rental agents fees||||0|||0|||0|||
|||Costs of events||||431|||0|||431|||
|||Advertising, printing etc||||427|||0|||427|||
|||Investment portfolio<br>management fees||||11,943|||1,004|||12,94<br>7|||
|||Fundraisingandpublicity||||12,801|||1,004|||13,80<br>5|||
|||||||12,801|||1,004|||13,80<br>5|||
|||For the year ended 31<br>December 2020|||||||||||||
|||Fundraising and publicity||||15,173|||1,976||||||
||||||||||||||||
||||||||**2021**|||||**2020**|||
||||||||**£**|||||**£**|||
|||||Depreciation|||506|||||506|||
|||||Light and heat|||2,831|||||2,575|||
|||||Water rates and council tax|||0|||||116|||
|||||Insurance|||2,728|||||2,510|||
|||||Cleaning costs and caretaker|||3,000|||||3,135|||
|||||Repairs and maintenance|||6,174|||||11,65<br>0|||
|||||Telephone|||364|||||369|||
|||||Ministerial costs|||22,85<br>~~1~~|||||21,32<br>0|||
||||||||||||||||
|||||Organists|||2,065|||||1,265|||
|||||Appeals & donations|||717|||||25|||
||||||||41,23<br>6|||||43,47<br>1|||
||||||||41,23<br>6|||||43,47<br>1|||
|||||**Analysis by fund**|||||||||||
|||||<br>Unrestricted funds|||35,06<br>2|||||37,00<br>7|||
|||||Restricted funds|||6,174|||||6,464|||
||||||||41,23<br>6|||||43,47<br>1|||





## **7. Trustees** 

During the year, a trustee was paid £780 to act as a lay preacher (2020: £585).  This represents £65 for each service taken and is in line with the fees paid to all lay preachers. 

A trustee's husband was employed by the Chapel as Minister and he received total remuneration of 

£19,068 (2020: £18,468), this remuneration was agreed by the other trustees and the related trustee was not involved in deciding the amount to be paid. 

In addition, the Chapel made pension contributions on behalf of a trustee in the sum of £1,743.60 (2020: 

£1,699.20) as part of his employment package and again, he was not involved in deciding the amount to be paid. 

A person connected with a trustee was reimbursed a total £816.79 in respect of travelling expenses, telephone, broadband a Zoom License (2020: a trustee was reimbursed £518.08). 

## **8 Employees** 

The average monthly number of employees during the year was: 

|||**2021**|**2021**||
|---|---|---|---|---|
|||**Numbe**<br>**r**|||
||||**1**||
|No employees were paid more<br>than £60,000 during the<br>year.|||||
|**9.**<br>**Other**<br>Conferences and courses<br>Legal fees re Mary Glass fund<br>Independent examination fees<br>Subscriptions<br>Other accountancy costs<br>General Assembly annual<br>contribution<br>General Assembly delegate<br>costs|||||
||||**202**<br>**1**||
||||**£**||
||Conferences and courses||40||
||Legal fees re Mary Glass fund||0||
||Independent examination fees||0||
||Subscriptions||302||
||Other accountancy costs||714||
||General Assembly annual<br>contribution||1,64<br>5||
||General Assembly delegate<br>costs||0||
||||2,70<br>1||



and buildings were valued in 1999 and this valuation has not been updated. 



## **10. Net gains/(losses) on investments** 

||**Unrestric**<br>**ted**<br>**Funds**<br>**Restrict**<br>**ed**<br>**Funds**<br>**Total**<br>**2021**|**Total**<br>**2020**|
|---|---|---|
||£<br>£<br>£|£|
||**2021**<br>**2021**<br>**2021**|**2020**|
|Revaluation of investments|18,964<br>0<br>18,96<br>4|(9,98<br>7)|
|For the year ended 31<br>December 2020|(9,019)<br>(968)|(9,98<br>7)|



## **11. Property, Plant and Equipment** 

||**Land &**<br>**building**<br>**s**|**Fixtur**<br>**es &**<br>**fttin**<br>**gs**|**Equipm**<br>**ent**|**Total**|
|---|---|---|---|---|
||£|£|£|£|
|**Cost**|||||
|At 1January2021|651,779|97,97<br>0|34,027|783,7<br>76|
|At 31 December 2021|651,779|97,97<br>0|34,027|783,7<br>76|
|**Depreciation and impairment**|||||
|At 1 January 2021|0|94,96<br>7|34,027|128,9<br>94|
|Depreciation charged in theyear|0|506|0|506|
|At 31 December 2021|0|95,47<br>3|34,027|129,5<br>00|
|**Carrying amount**|||||
|At 31 December 2021|651,779|2,497|0|654,2<br>76|
|At 31 December 2020|651,779|3,003|0|654,7<br>82|



## **12. Fixed asset investments** 

|**asset investments**||
|---|---|
||**Listed**<br>**investme**<br>**nts**|
||**£**|
|**Cost or valuation**||
|At 1 January 2021|953,660|
|Additions|108,808|
|Valuation changes||
|Disposals|-89,844|
|At 31 December 2021|972,624|
|**Carrying amount**||





At 31 December 2021 972,624 At 31 December 2020 953,660 



## **13. Trade and Other Receivables** 

|**de and Other Receivables**|||
|---|---|---|
||**2021**|**2020**|
|**Amounts falling due within**<br>**oneyear:**|**£**|**£**|
|Other receivables|0|5,166|
|Prepayments and accrued<br>income|1,344|1,344|
||1,344|6,510|



## **14. Current Liabilities** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Accruals and deferred income|784|4,411|



## **15. Non-Current liabilities** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Other payables|700.00|700.0<br>0|



## **16. Restricted funds** 

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: 

||**Movement in Funds**|
|---|---|
||**Balance**<br>**at 1**<br>**January**<br>**2021**<br>**Incomin**<br>**g**<br>**resourc**<br>**es**<br>**Resour**<br>**ces**<br>**expend**<br>**ed**<br>**Transf**<br>**ers**<br>**Revaluati**<br>**ons,**<br>**gains and**<br>**losses**<br>**Balance at**<br>**31**<br>**December**<br>**2021**|
||**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**|
|Dickinson Benefaction|75,292<br>0<br>0<br>(75,29<br>2)<br>0<br>0|
|Woodcock Benefaction|20,265<br>0<br>0<br>(20,26<br>5)<br>0<br>0|
|Minister’s Support<br>Fund|0<br>0<br>0<br>95,557<br>0<br>95,557|
||95,557<br>0<br>0<br>0<br>0<br>95,557|
|||



The Dickinson Benefaction was established in 1988 for the purpose of generating income for the benefits of the appointed ministers. 

The Woodcock Benefaction was established in 1989 for the purpose of generating income for the benefit of the appointed ministers. 

These funds were amalgamated in 2021 into the Minister’s Support Fund, still a restricted fund with the same purpose. 



## **1 Analysis of net 7 assets between funds** 

|**1**<br>**7**<br>**Analysis of net**<br>**assets between funds**|||||
|---|---|---|---|---|
||**Unrestricted**<br>**Funds**|**Restricte**<br>**d Funds**|**Total 2021**|**Total 2020**<br>**£**<br>**2020**<br>654,782<br>953,660<br>139,618<br>(700)<br>1,747,360|
||**£**|**£**|**£**||
||**2021**|**2021**|**2021**||
|Fund balances at 31<br>December 2021 are<br>represented by:|||||
|Property, plant and<br>equipment|654,276|-|654,276||
|Investments|858,103|95,557|953,660||
|Current assets/(liabilities)|129,936|-|129,936||
|Long term liabilities|(700)|-|(700)||
||||||
||1,641,615|95,557|1,737,172||



## **18     Related party transactions** 

There were no disclosable related party transactions during the year (2021 - none) other than those disclosed in note 7.