Charity Number[1] 172808
tatements or[t] he to[3] 1 March 2023 year
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
Contents
| Contents | ||
|---|---|---|
| Reference and Administrative Information ............................................................................ 3 | ||
| Governing Document........................................ ..................................................................... 4 |
||
| Managing Trustees ............................................................................................................... 4· | ||
| Relationship w iththe Congregational Federation ............ ............................. .......... ............... |
5 | |
| Objects and Activities....................................... .. ................................ .................................. .6 |
||
| Public Benefit. ....................................................................................................................... 7 | ||
| Relationship with Union Chapel Project and The Margins Project. ........................................ 7 | ||
| Performance and Achievements ........................................................................................... 8 | ||
| Future Plans ................................................................................................ ....................... 10 |
||
| FinancialReview .......................................................................................... ....................... |
1 | 0 |
| Reserves Policy ...... ............................................................ ......................... ......... ..............12 |
||
| Fundraising ........................................................ .......................................... ....................... 12 |
||
| Risks .................................................................. ................................................................. 13 |
||
| Statementof T rustees' Responsibilities ....................... ....................................................... 14 |
||
| U | ||
| Independent Examiner's Report to the Trusteesof nion Chapel ................................... 7...15 |
||
| Statementof F inancialActivities for the Period 1 April 2022-3 1March 2023 .................... 16 |
||
| Balance Sheet asat 3 1March 2023 . .. ..........:............................................... ...................... 17 |
||
| Notes to the FinancialStatements . ............. ............. ................ ...... ................. ....................18 |
||
| 1 Accounting policies ................................................................................. ......... ......................... 18 |
| 2 Income from grants and donations ............................................................................................ 19 | ||
|---|---|---|
| 3 Income from charitable activities ................................. .............................................................. 20 |
||
| 4 Income from other trading activities ........................ ................................................................... 20 |
||
| 5 Income from investments and deposits ............................................................ ... ....................... 20 |
||
| 6 Analysisof e xpenditure .............................. .. .................................... _. ............... ......................... |
2 1 |
|
| 7 Net income / (expenditure) . ... ...................... ..... .......... .. . .. .. .... ..................... .......... .............. .... ... 22 |
||
| 8 Staff costs and trustee remuneration and expenses ......... .. .......... ............. .................. .... ..... ...... |
22 | |
| 9 Tangible fixed assets and depreciation ................. ....................................... ......... ..................... |
24 | |
| 10 Investments ....... ..... .......................................... .... ......................................... ......................... 24 |
||
| Solicitors | ||
| Independent examiner | ||
| Legal status | ||
| Bankers | ||
| Principal address | ||
| W | ||
| 31-33 Holloway Road | ||
| N12UN | ||
| London | ||
| London | ||
| Goodman Jones | ||
| 29-30 Fitzroy Square | ||
| EC4R 1BE |
Union Chapel is an[u] nincorporated charitable trust governed Union Chapel
N7 8JU
Bates Wells London
Lloyds Bank
London
by a trust deed
10 Queen Street Place
19b Compton Terrace
1T6LQ
3
N10NT Provi Place ence Bolt N1 0PQ n Upper NatWes London dence Provid House Burdon Londo 11 Street t Bank
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
Governing Document
Union Chapel (hereafter "UC") is a Congregationalist church affiliated to the Congregational
Federation. It is an (unincorporated) charitable trust, initially established and governed by an indenture dated. 18 September 1889.
In 2018 UC made substantial changes to that indenture. These changes were motivated by b i
the desirability of ringing the content up to date, and n particular by the need to have UC's
relationship with the Congregational Federation - described below - correctly set out in its
governing document. Because the original 1889 indenture does not grant any power of
amendment, lJC was able to make only changes deemed to be "administrative" and so t m t within the scope of he statutory power of odification conferred by section 280 of he Charities Act 2011.
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The Charity Commission has approved a model governing document for use by hurches
affiliated to the Congregational Federation and, to the extent possible, UC's amended
governing document - the "consolidated trust deed" - matches that model document. The t c text of he consolidated trust deed is therefore a (slightly awkward) amalgam of lauses from
the original 1889 indenture and material copied from the model document.
Managing Trustees
The consolidated trust deed establishes that:
i
- the Managing Trustees are UC's trustees as defined n the Charities Act 2011, and have all
powers to control, manage, and administer the church in accordance with the consolidated
trust deed and their charitable and other legal obligations;
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- the members of he church, acting collectively as and through the Church Meeting, have
the power to appoint Managing Trustees;
- the individuals appointed by the Church Meeting to be the church's deacons are also its
Managing Trustees, unless the Church Meeting, by passing a special resolution, explicitly
decides otherwise;
5
1[Congregational Federation Ltd., registered with charity number 267469 and company number] Trustees.
Holding Trustee will take over and assume the role of[t] he charity trustees from the Managing
If[s] o requested by a special resolution of the[C] hurch Meeting (and not otherwise), the
The Holding Trustee is not under any obligation to exercise any of[t] hese rights.
of[i] ts management or administration is not being carried out[c] orrectly.
consolidated trust deed, or[i] s otherwise jeopardising its charitable status, or that any aspect
• investigate if[i] t has reasonable grounds for[s] uspecting that UC is not complying with its and
• send a representative to any Church Meeting or[a] ny meeting of[t] he Managing Trustees; and the use of[i] ts buildings;
• make reasonable requests for information relating to UC's management and administration The Holding Trustee has rights to:
buildings do not appear as assets on its balance sheet.
UC's property is vested[i] n the name of[t] he Holding Trustee and for that reason UC's
The Congregational Federation 1 is the Holding Trustee.
Rela[t] ions[h] ip with the Congregation[a] l Federation
encouraged to take advantage of[t] raining offered by[t] he Charity Commission.
familiarity with matters of[c] urrent concern or[i] nterest. The Managing Trustees are
Meeting, so it can reasonably be assumed that a new[M] anaging Trustee has some
Managing Trustees are necessarily members of[t] he church and are appointed by[t] he Church
UC does not have any formal induction or training program for new[M] anaging Trustees.
benefit from UC[i] n return for their service.
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
Objects and Activities
i
UC's charitable objects, as set out n the consolidated trust deed, are to
g
permit the said piece of round, Chapel, Vestries, Lecture Hall, School and Class Rooms, and two messuage[s][2] hereditaments and premises, and any other g buildings that may hereafter be erected on the said piece of round and any
parts thereof to be used, occupied, .and enjoyed for the public worship of G i i Almighty oel n accordance with the belief n the Lord Jesus Christ as the G M i incarnate Son of od and the Redeemer of en and n the Holy Spirit as the s t
author of piritual life and with a recognition of he divinely inspired scriptures of f
the Old and New Testaments as the supreme and sufficient rule of aith and
practice, and also for such other religious, philanthropic, moral, intellectual, or
social purposes, not inconsistent with such belief and recognition as aforesaid · i
and generally n such manner and by such persons as shall from time to time be
directed by a special resolution.
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In pursuit of hese objects, UC organises and provides:
C
- weekly Sunday morning services of hristian worship, including a communion service on
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the first Sunday of ach month, and baptisms as and when required;
- activities to mark particular occasions within the liturgical year (primarily Easter and
Christmas);
-
wedding services;
-
funeral services;
-
a weekly Bible study (conducted via Zoom, to facilitate participation by individuals who i
cannot be present n person on a weekday evening);
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- pastoral care and support for members of he church, other regular congregants, and
others who may from time to time seek such support from the church; 1010166 and company number 02583801.
7
3[A company limited by guarantee and not having a share capital, registered with charity number]
UCP shall have up to seven directors, of[w] hom one shall be UC's Minister (so long as the
UCP is necessarily a member of[U] C. UCP's Articles of[A] ssociation furthermore state that
Therefore, everybody entitled to a vote at any[(] annual or[e] xtraordinary) general meeting of
company.
[Union Chapel] for the time being who wish to become a member of[t] he
members of[t] he Company shall be those of[t] he minister and the members of
UCP's Articles of[A] ssociation establish that
fundraising to enable maintenance and restoration, to UCP.
UC has delegated all matters relating to the fabric and operation of the building, including
maintenance and wider use for purposes beneficial to the local community
UCP should[b] e appointed to manage [the building] with a view to its preservation
a decision by UC that
where "Union Chapel Islington"[i] n this context means the church building. In accordance with
Chapel Islington
to promote for the benefit of[t] he public the restoration and preservation of[U] nion
company3 - established
Union Chapel Project (hereafter "UCP") [i] s a separate organisation - a charitable limited
Relationship with Union Chapel Project and The Marg[i] ns Project
any charge and this is intended to maintain accessibility for[i] ndividuals with low incomes.
on the grounds of[r] eligious faith or[o] therwise. Most of[U] C's activities are provided without
UC's services of[w] orship and other activities are open to all, without limitation or[d] istinction
considered the Charity Commission's guidance on public benefit.
&
2022-23 Trustees' Annual Report Financial Statements Union Chapel
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Minister is able and willing), and up to three others shall be members of C; it is therefore
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expected that the Minster and selected members of C shall constitute an absolute majority
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of CP's directors. These arrangements are intended to ensure that UC retains ultimate i
strategic control of ts building.
The day-to-day operational relationship between UC and UCP is governed by a
Management Agreement which formally establishes matters such as the parties' respective t rights to make use of he building. It also specifies certain arrangements for ongoing liaison i
and co-ordination. In recent years neither party has fully discharged all of ts obligations under these arrangements.
The Management Agreement states that
UC shall make an agreed annual donation to UCP towards the maintenance and [
restoration of the building] when and to the extent it is able and this will be
reviewed annually.
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The Margins Project (hereafter "UCM") is a charitable subsidiary4 of CP. It provides a
s range of ervices intended to relieve need and hardship and to provide opportunities,
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training, and employment for people who are homeless, at risk of ecoming homeless, or t t otherwise marginalised. UCM delivers a substantial amount - but not all - of hat part of he
church's activity which can most straightforwardly be described as "charitable".
There are no direct structural connections between UC and UCM; formally, the relationship between the two organisations is entirely through UCP. However, UC's Minister is currently U
the chair of CM's trustees.
Performance and Achievements
t i h Union Chapel is the name of he church founded n 1799, which cis played an important
i
role n Islington's religious and social life ever since. Our charitable partner Union Chapel t
Project ensures that its buildings are well used with respect to the dignity of he venue whose principal purpose is public worship.
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Union Chapel holds services each Sunday, with preaching relevant to our hallenging successfully completed the course and joined our[s] taff team.
9
We supported an apprenticeship[i] n digital marketing with Harley Stapleton-Brister who
opportunities.
to recruit an additional member of[s] taff, Sara Bigatti, to provide ESOL and volunteering provide wraparound support to asylum seekers in two hotels in the borough. This enabled us
A significant development has been the awarding of[a] grant by[I] slington Borough Council to
situation[i] n Tigray and a follow-up on the theme of[s] tarvation as an instrument of[w] ar.
Our[c] oncern for international issues was demonstrated in a webinar we organized on the contributing to a cleaner environment.
attended and promoted recycling, clothes exchanges, and other practical means of entitled "Waste Stops Here" promoting local ca·mpaigning groups. The event was well
The Climate Justice programme included a series of[f] ilms and presentations and a fair
an important feature[i] n the life of[U] nion Chapel.
· Our social justice and community outreach activities, led by[K] atharine Crew, have become
the Servant Songs of[I] saiah.
The Making of the Bible; Solidarity[i] n Dangerous Times (part of[o] ur Lent programme); and
of[p] ersecution; Reading the Bible responsibly; Adve[n] t[H] ope and the Prophet Isaiah; 1 Peter;
including a joint study with New[S] toke Newington Schul; Land and the Bible; Faith[i] n times
A weekly Bible Study is held and this year the themes for[t] he studies were: Bible and Torah,
interactive bible study; and a showing of[t] he film King.
activists (badass believers!); voices of[c] hange - local people engaged[i] n changemaking; an
The Open Space evenings explored: challenges to people of[f] aith; listening to Christian
weekly Open Space night[i] n the Upper Hall.
human rights, and solidarity. It consisted of[s] pecial Sunday services, a study course, and a
Our Lent programme entitled "Faith Under Fire" explored themes of[r] eligious persecution,
Remembrance Sunday service and a special evening called "Blue Christmas".
non
ape aso oss a communy cor, non
ape ngers, w
c
sang a[o] ur
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
a
In June we held our nnual Pride service. We also commemorated Trans Day of i w
Remembrance with an event n the Upper Hall. The church also officiates at eddings, including same-sex marriages, and memorial services.
2
Attendance at church is increasing, totaling 1,560, with an average of 9.5 - an increase i
from 23.7 in the previous year. 1,802 people attended events, increasing from 313 n the
s
previous year. Online viewings of ervices, webinars, and events numbered 27,290. There
were two baptisms, two weddings, and two memorial services.
Future Plans
The church will continue to provide a Christian witness within the overall family of i organisations n Union Chapel and be the undergirding for its values and ethos.
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Services continue each Sunday morning, celebrating the seasons of he church's year, and i
occasionally focussing on key issues. These services acknowledge our role n the wider
ecumenical family, celebrating such Sundays as Homelessness Sunday, Racial Justice Sunday, and Holocaust Memorial with Christians worldwide.
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Easter is to be celebrated with an evening of oetry and music and a performance of
Handel's Messiah jointly with Eclectic Voices.
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We will maintain our high standard of usic.
Bible Studies will explore the themes of: Christian Nationalism; Eighth Century Prophets;
"Let Justice and Peace Flow" (climate justice and the Bible); and Psalms, among others. T
We have a Book Reading Group studying 'The eacher" by St Augustine and "The First J
Apology of ustin Martyr".
h
Social Justice programmes continue with the promotion of uman rights and supporting asylum seekers and refugees. This programme is funded by Islington Borough Council and
through it we are developing a closer relationship with Margins. ongoing budget deficit.
11
This would not be ruinous, but it would significantly reduce UC's capacity to sustain an
new tenants are[i] n place, UC could have spent[m] ore than half of[i] ts unrestricted reserves. possible that, by the time necessary works on the two buildings have been completed and
In this context, the deterioration[i] n the budget position is particularly undesirable. It is quite lettable standards, may significantly deplete UC's reserves.
with the expenditure which is likely to be required to bring the two buildings up[t] o current income, so no cashflow difficulties are expected. However, meeting that shortfall, together to be vacant for many months. UC's reserves are sufficient to cover the anticipated loss of Negotiations with prospective new tenants are[i] n progress, and neither building is expected will necessarily result in some loss of[r] ental income during 2023-24 and I[o] r[2] 024-25.
Both principal tenants have informed UC of[t] heir intentions to vacate the properties, and this also contains a residential flat, and office space let to UCP, providing further diversification. are two different organisations, which somewhat mitigates this risk; and 19 Compton Terrace to these rents could have serious consequences. The principal tenants of[t] he two buildings source of[i] ncome which could plausibly meet its general costs, so any significant disruption and predictable, but does carry a certain level of["] eggs-in-one-basket" risk; UC has no other on either side of[i] t, which form part of[t] he church's property. This income is generally stable properties at[1] 8 and 19 Compton Terrace: the buildings adjacent to the church building itself Almost all of[t] hat unrestricted income - about 85%,[i] n 2022-23 - is rent obtained from the not correspondingly increase.
because its payroll costs,[i] n particular, rose substantially - and its unrestricted income did following the end of[r] estrictions imposed[i] n response to the Covid-19 pandemic, but mostly
UC's costs increased significantly during 2022-23 - partly as a result of[i] ncreased activity
reserves, so this development is certainly not[c] atastrophic, but it is unwelcome.
has a deficit. The deficit is not large compared to UC's total expenditure, or[t] o its current
The basic position, then, is that after some years of[g] enerating budget surpluses, UC now
without the grant, the deficit on general funds would have been larger.
un
s, was[n]
pa rom
s gran see noe o e nanca saemens; us,
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2022-23 Trustees' Annual Report Financial Statements Union Chapel
i
Costs will certainly increase again n 2023-24. The trustees decided to increase staff pay
from 1 April 2023 as a necessary response to cost-of-living pressures, and high inflation will inevitably affect other costs. At the approval date, it is known that further grant funding from Islington Borough Council has been secured and will be forthcoming during 2023-24, which i
will help n the short term. However, UC cannot depend on this as a permanent source of
income. At present it does not seem feasible to increase the rents obtained from 18 and 19 Compton Terrace. It is therefore desirable to identify additional, sustainable source of
b income; and this will become rather urgent within a few years. The alternative will e
significant cost reductions which could not be achieved without severely curtailing some e U
element or lements of C's activities.
Reserves Policy
y UC does not have a formal reserves policy. For a number of ears income exceeded
expenditure and in that context the trustees did not consider it necessary to identify any r particular level of eserves which should be maintained.
1
However, it has been known for some time that the properties at 8 and 19 Compton
Terrace will require significant expenditure, when the respective current tenants leave, to c bring them up to urrent lettable standards. The trustees have set aside £80,000 for this purpose.
Fundraising
As noted above, UC obtains its unrestricted income primarily by renting space in the 1 properties at 8 and 19 Compton Terrace.
UC does not generally solicit donations from the general public. Cash donations are t
accepted after Sunday services, and a few members of he church donate regularly by
standing order, but no significant efforts are made to encourage such donations. The
o
trustees do not believe that there exists any realistic prospect of btaining very substantial f o amounts from members or rom regular or ccasional congregants. u Further small amounts of nrestricted income are generated by charging for admittance to some events, and by operating a bar during events; and by charging fees for conducting experience outweighs the risk inherent[i] n the dependence.)
13
the benefit of[h] aving this activity undertaken by[s] omebody with appropriate expertise and
member of[U] CP staff for payroll administration; the Treasurer and the trustees believe that
kind are consequently not expected to[r] e-occur. (UC continues to be dependent on a
staff position with responsibilities for general and financial administration. Problems of[t] his
At[t] he approval date, UC has appointed a new[T] reasurer, and has created and filled a new date.
this, and UC was not able to complete that work[i] n time to meet the[3] 1 January 2024 due
statements has been lost; however, a substantial amount of[w] ork was required to achieve
rectify the gaps in[r] ecordkeeping, so no material information relevant to these financial
obligations to properly report on its finances. In fact, it has[b] een possible to retrospectively
they should have been performed. This left UC at[s] ome risk of[b] eing unable to fulfil its
circumstances, some routine bookkeeping tasks were not performed at the time at[w] hich
Furthermore, for much of[2] 022-23, UC did not[h] ave a Treasurer. As a result of[t] hese undertook work for UC on a voluntary/ "goodwill" basis, and subsequently on a freelancer. During 2022-23, UC was dependent for basic financial administration first on UCP staff who is essentially nothing that UC can do to mitigate this risk.
operating its building; if UCP were to fail, the consequences for[U] C would be severe. There
possess the resources or[t] he capability to assume responsibility for maintaining and
UCP is in a fragile condition and its future does[n] ot seem assured. UC plainly does not
churches.
not be sufficient to secure UC's long-term viability. This is a situation faced by[m] any
the regular congregation are growing, steadily but slowly; but numbers remain low, and may
Further risks are also becoming steadily more apparent. Both the formal membership and income.
costs. UC will need to address these risks by[f] inding at[l] east one additional source of
increased in the short term, and a shortfall of[u] nrestricted income against core operating
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
Statement of T[r][u] stees' Responsibilities
----- Start of picture text -----
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The trustees are responsible for reparing the Trustees' Annual Report and Financial
i a A
Statements n accordance with applicable law nd UK ccounting Standards including
Financial Reporting Standard 102 (FRS 102) The Financial Reporting Standard Applicable in
R (
the UK and epublic of Ireland UK Generally Accepted Accounting Practice (GMP)).
a c
The law pplicable to harities in England and Wales requires the trustees to prepare
e o t t
financial statements for ach financial year which give a true and fair view f he state of he
i I
charity's affairs and of ts income and expenditure during that year. n preparing these
financial statements, the trustees are required to:
• choose suitable accounting policies and apply them consistently;
R
• observe the methods and principles in the Charities Statement of ecommend Practice
(SORP);
a
• make judgements and accounting estimates that re reasonable and prudent;
m
• confirm that applicable accounting standards have been followed, subject to any aterial
departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis, unless it is inappropriate to
assume that the charity will continue to operate.
----- End of picture text -----
m
The trustees are responsible for aintaining proper accounting records which disclose with
t
t
reasonable accuracy at any ime the financial position of he charity and enable them to f C 2 ensure that the inancial statements comply with the harities Act 011, the Charity t
(Accounts and Reports) Regulations 2008, and the provisions of of
(Accounts and Reports) Regulations 2008, and the provisions of of he charity's trust deed or a s t c constitution. They re also responsible for afeguarding the assets of he harity and hence t t p f for aking reasonable steps for he revention and detection of raud and other irregularities. t
The trustees are responsible for the maintenance and integrity of he information, including f g any inancial information, included on the charity's website. Legislation in the UK overning f d
the preparation and dissemination of inancial statements may iffer from legislation in other W1T6LQ
15
~on
29-30 Fitzr y Square
Goodman Jon
understanding of[t] he accounts to be reached.
examination to which attention should be drawn[i] n this report in order to enable a proper
I have no concerns and have come across no other matters in connection with the
considered as part of[a] n independent examination.
than any requirement that the accounts give[a] "true and fair view'' which is not a matter
content of[a] ccounts set out in the Charities (Accounts and Reports) Regulations 2008 other
-
the accounts do not comply with the applicable requirements concerning the form and
-
the accounts do not accord with those records; or
the Act; or
• accounting records were not kept[i] n respect of[U] nion Chapel as required by[s] ection 130 of
respect:
attention in connection with the examination giving me cause to believe that in any material
I[h] ave completed my examination. I[c] onfirm that no material matters have come to my
Independent examiner's statement
Directions given by the Charity Commission under section 145(5)(b) of[t] he Act.
o e c an n carryng ou my examna on ave o owe a e appca e 2022-23
F Statement of inancial Activities for the Period 1 April 2022[-] [ 3] 1 March 2023 F Trustees' Annual Report & inancial Statements
2021-22 2022-23 2022-23 2022-23 Note
Total Total Restricted Unrestricted
£ £ £
£ 6,394 86,952 72,151
14,801 2
4,076 12,835 3,105
9,730 3
155,482 148,061
148,061 4
9 205
205 5
165,961 248,053 75,256
172,797
6
20,241 14,786
14,786
751 751
6
108,316 149,756
149,756
10,354 14,384 1,000
13,384
1,499 1,188
1,188
2,240 4,496 4,496
17,900 17,900
142,650 . 203,261 23,396
179,865
23,311 44,792 51,860 (7,068)
(98) (276)
(276) 10
23,213 44,516 51,860 (7,344) 7
23,213 44,516 . 51,860 (7,344)
Union Chapel
Income from
d
Grants & onations
Charitable activities
Other trading activities
Investments & deposits
Total income
o
Expenditure n
Raising funds
Properties
Fund raising
Charitable activities
Church activities
Events
f
Weddings & unerals Union Chapel Singers Asylum seekers
Total expenditure
(
Net income/ expenditure)
before revaluation of
investments
( Net gains/ losses) on
investments
(
Net income/ expenditure)
Inter-fund transfers
i
Net movement n funds
Tre[a] su d by thetrustees formpart of ctedfunds ed funds Funds (liabiliti (liesab) iliti duewithin Cash at 183,492 55,000 Debtors rer on Z t es) one year bank 552 hese 12 rr[r] ,4 r- financial and[i] n o 7 - l 't stateme (14,073) hand 13 nts. a (10,348) nd Total signed funds 220,278 Liabiliti on[t] heir 254,223 173,696 es 17 behalf 209,707 Philip 57,615 Total Creditor by 254,223 196,608 Cotterel net Net s - 234,352 11 The l 209,707 203,952 5,755 assets/ current amounts following 179,352 Approve Restrict assets / falling 184,044 notes Unrestri
2022-23 Trustees' Annual Report & Financial Statements
Notes to the Financial Statements
1 Accounting policies
p
a) Basis of reparation
i
These financial statements have been prepared n accordance with "Accounting and
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Reporting by Charities: Statement of ecommended Practice applicable to charities
i preparing their accounts in accordance with the Financial Reporting Standard applicable n I the UK and the Republic of reland (FRS 102)" - Charities SORP FRS 102 - and with the a
UC meets the definition of public benefit entity under FRS 102. t
Assets and liabilities are initially recognised at historical cost or ransaction value, unless
The financial statements are prepared and presented in GBP (sterling), which is UC's i
functional currency. Amounts n the financial statements and the notes are rounded to the
nearest pound (which may introduce some apparent small discrepancies; e.g., column totals
may not appear to be exactly correct).
t a Jn the judgement of he trustees, at the date of pproving these financial statements:
ial uncertainties about UC's ability to continue as a going concern; and
e r • there are no sources of stimation uncertainty which carry a significant risk of equiring a
a
material adjustment to the carrying amounts of ssets and liabilities within the next financial i
Income is recognised n the period during which the church is entitled, and can reasonably
Union Chapel 2011. stated. concern mate[r] ). Charities Act • there are no _ year (2023-24c} Income otherwise b) Going (The "Grants" informati and on "Donatio required ns" is not to split available the .) 2021-22 19 total
between
| 1,151 | and donatio |
out in note 14. |
used only for |
s, which may be |
can include |
useat the |
||
|---|---|---|---|---|---|---|---|---|
| those | the | designat | ||||||
| ns | The | trustees' | ||||||
| purpose | trustees | ed | ||||||
| Unrestr | purpose | s. | for | funds, | g) | |||
| icted | sof | UC's | particula | set | Funds | |||
| Grants | £ | UC's | restricte | r | aside by | Ltd and | ||
| administ | ||||||||
| Restric | designat ed and |
d funds compris |
purpose s. |
UC's unrestri |
ered by | |||
| 14,801 | 7,020 71,000 |
ted £ |
restricte d funds |
e monies |
discretio n to |
cted (general |
Congre gational Federati |
|
| 72,151 | asat | raised | further | ) funds | ||||
| on Ltd. | ||||||||
| Donatio ns |
2 Income from |
the balance |
or given |
its charitabl e |
compris e those monies |
|||
| 7,781 | grants | 2022-23 | sheet date are |
for specific |
objects. These |
which UC may |
||
| set | purpose | |||||||
| 86,952 | £ £ | Total Total | ||||||
| 6,394 | ||||||||
| 8,932 78,020 |
2021 -22 |
2022-23 Trustees' Annual Report & Financial Statements Union Chapel
c
3 Income from haritable activities 2021-22 2022-23
Total Total
Restricted Unrestricted
£ £ £ £
20 6,776
6,776 Events
1,280 2,954
2,954 Weddings & funerals
2,776 3,105 3,105
Choir (Union Chapel Singers)
4,076 12,835 3,105 9,730
o t a 4 Income from ther rading ctivities
2021-22 2022-23
Total Total
Restricted Unrestricted
£ £ £ £
151,242 148,061
148,061 Rental income
- 4,240 , Other income
155,482 148,061
148,061
i a 5 Income from nvestments nd deposits
2021-22 2022-23
Total Total
Restricted Unrestricted
£ £ £ £
- 9 161
161 Interest
2022-23
Union Chapel Trustees' Annual Report & Financial Statements I 2022-23
6 Analysis of expenditure
I
Charitable activities Raising funds
Church[E][ t Wedding][s][ &] [ C][hoir(UC][ Asylum][ F][ d][ ..] Properties [2022][-23] ven s Singers)[k][ un][ raising] funerals see ers Total
£ £ £ £ £ £ £ £
Payroll 89,221 14,179 103,400 Events 14,384 14,384 Sunday services 6, 164 6,164 Choir (UC Singers) 4,496[I] [ 4,496] I Gospel Arts project (UC Voices) 15,148 15,148
Donations to UCP & other charities 16,360 16,360
Church equipment & resources 4,156[I] 4,156 Social justice & community engagement 7,954 I 7,954
. Asylum seekers 3,416 3,416 Weddings & funerals 1,1 88 1,188 Governance 6,871 6,871 Fund raising 750 750 Properties 11 ,699 11,699-
Depreciation 1,392 305 3,087 4,784 Miscellaneous costs 2,490 1 2,491
149,756 14,384 1,188 4,496 17,900 751 14,786 203,261
21
r diture) chargin were: contribupaid. £60,000 eimbur g: 2021-2 No . tion to sable 2021-2 trustee 2 expens Defined was 2 2022-2 es. No employ Depreci 2022-2 ation 3 Contrib ed by ortrustee £ £ r receive 3 1,680 ution Social eceive d £ £ security pension d any any 3,600 8 Staff costs benefit paymen 60,427 scheme costs Indepen (Emplo as a t for any and 93,191 Salariesyer's s result professi No membe 4,695 dent trustee and NI) of onal or r of remun 66,252 e o wages 692 4,784 examin mploy ther s eration 5,133 103,400 taff 7 Net and 1,216 ment byservice er's fee was 8,992 The UC. No s income This is expens Employ trusteestrustee supplie paid / es ( stated Payroll er's were claimed d to more than expen after costs not any UC.
Trustees
' Annual
Report
&
Financia
l
Stateme
nts
Union
Chapel
Staff
numbe rs
works exclusively on grant-funded activities.
e gran aso un s e
ouneer
23
o[-][o] r
naor pos
on.
a mem er o[s] a
2022-23
&
Trustees' Annual Report Financial Statements Union Chapel
9 Tangible fixed assets and depreciation
O
Property Church & ffice
Total
Equipment Improvements
£ £ £
Cost
96,166 20,616 75,550
s y
At tart of ear
2,994 2,994
Additions during year Disposals during year 99,160 23,610 75,550
e y
At nd of ear
Depreciation
61,499 16,822 44,677
s y At tart of ear
4,784 1,697 3,087
Charge for year Eliminated on disposal
66,283 18,519 47,764
e y
At nd of ear
Net book value
32,877 5,091 27,786
e o
At nd f year
34,667 3,794 30,873
s y
At tart of ear
1 O Investments
2021-22 2022-23
1,068
13 Net assets between funds
Tangible fixed assets (net book value)
Investment
Net current assets
Unrestricted
£
12 Creditors: amounts falling[d] ue
25
within one year Other creditors
| 196,608 | 196,608 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 163,578 | |||||||||||||
| 31,962 | |||||||||||||
| 5 | , | , | 1 | 7 | £ | c | l | 1 | |||||
| 4, | 7 | 2 | 4 | t | 0, | ||||||||
| 5 | 2 | 0 | 7 | e | 1 | 3 | |||||||
| 7, | 2 | 1 | 9 | 3 | £ | R | d | 4, | 4 | ||||
| 6 | 3 | 2 | 1,068 | 2, | e | T | 0 | 8 | |||||
| 1 | 2 | 8 | s | o | 7 | 1 | |||||||
| 5 | 5 | 0 | 9 | t | t | 3 | |||||||
| 2 | 6 | 7 | ri | a | 4 |
2 2
2022-23
At end of
year
£
80,000
116,608
196,608
4,364
53,251
1,106
57,615
254,223
At end of
year
£
80,000 123,952
Trustees' Annual Report & Financial Statements
Outgoing Incoming
& &
resources resources
losses gains
£ £
(180,141) 172,797
(180,141) 172,797
(4,496) 3,105
(17,855) 70,000 .
(45) 1,151
(1,000) 1,000
(23,396) 75,256
{203,537) 248,053
Outgoing Incoming
& &
resources resources
losses gains
£ £
(140,410) 163,087
Union Chapel
M
14 ovements in funds
At start of
year
2022~23
£
Unrestricted funds
Designated funds
80,000 Properties reserve
123,952 Other unrestricted funds
203,952 Total unrestricted funds
Restricted funds
5,755 Union Chapel Singers
Asylum seekers grant Asylum seekers hardship fund
Black History Month
5,755 Total restricted funds
209,707 Total funds
At start of
2021-22
year
£
Designated funds
Unrestricted funds
80,000 Properties reserve
101,275 Other unrestricted funds
during the year.)
27
(UC's Minister is chair of[U] CM's trustees. There were no transactions between UC[a] nd UCM One of[U] C's trustees is married to the chair of[U] CP's Board of[D] irectors.
UC's Minister is a Director of[U] CP, in accordance with UCP's Articles of[A] ssociation. subsidiary organisations, and UC. (In 2023-24,[t] his amount will be £18,000.)
gas for the church building, and b) insurance, which UCP procures collectively for itself, its
amount each year calculated as an agreed share of[t] he costs of[a] ) providing electricity and have agreed a new[a] pproach, to apply from 2023-24;[h] enceforth, UC will donate to[U] CP an £16,000.[T] he basis on which this amount was[e] stablished is not documented. UC and UCP
For some years it has been "understood" that[U] C's agreed annual donation to UCP[i] s
£16,000,[u] nder the terms of[t] he Management Agreement.
UCP paid rent of £16,000[t] o UC for[o] ffice space. UC made[a] donation to UCP, also of
15[R] elated party transactions
year.
during and relevant to Black History Month. This money[w] as[r] eceived and spent during the
During 2022-23[U] C also received a grant from[I] slington Borough Council to support activities
identified needs of[i] ndividual asylum seekers known to UC.
or the Social Justice & Community Outreach Worker for[t] he purpose of[m] eeting occasional
together with certain individual donations, to[b] e spent at[t] he discretion of[t] he Minister and /
• Asylum seekers hardship fund - money raised through collections at certain church events,
2022-23 amend i Trustees ed n ' Annual 2018 Report using & the power Financia of
l m odifi Stateme cation nts conferr Union ed by Chapel section 16 280 of Legal the status Charitie and s Act membe 2011. rs' The liability membe UC is rs have an no unincor financia porated l liability charitabi le trust. n the The event of U original C trust being deed is wound dated up. 18 Septem ber 1889; it was