Newport Pagnell URC Trustees’ Annual Report 2020
NEWPORT PAGNELL UNITED REFORMED CHURCH
REGISTERED CHARITY NUMBER 1179609
Reports of the Trustees and
Financial Statements
For year ending 31 December 2020
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Newport Pagnell URC Trustees’ Annual Report 2020
NEWPORT PAGNELL UNITED REFORMED CHURCH
ACCOUNTS YEAR END 31 DECEMBER 2020
CONTENTS LIST
| Page | |
|---|---|
| Report of the Trustees | 3 - 10 |
| Independent Examiner's Report | 11 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Notes to the Financial Statements | 14 - 21 |
| Detailed Statement of Financial Activities | 22 - 23 |
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Newport Pagnell URC Trustees’ Annual Report 2020
Report of the trustees
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (FRS 102) (effective 1 January 2019).
Reference and administrative details Registered Charity number
1179609
Principal address
68A High Street Newport Pagnell MK16 8AB
Trustees
Mrs Eva Bangle (Secretary) Mrs Ursula Ghaleb Mr Graham Ghaleb (from September 2020) Miss Victoria Paulding Mrs Angela Tearle (from September 2020) Mrs Coral Tolley-Fletcher (from September 2020) Mrs Julie Turner (from September 2020) Mrs Ruth Tompsett (Treasurer) Mrs Janet Wilson Mr Peter Williams (from September 2020)
Organisational structure
The constitution of the United Reformed Church states that church elders are the charity Trustees. Elders meet formally once a month and are responsible for all areas of church life: day-to-day running, pastoral care, ministry, mission, promotion of the Christian faith, finance, buildings. The minister is employed by the national United Reformed Church and advises the elders: Revd Jennifer Mills moved to a new post from 1 October 2020 and the church entered a period of vacancy. Major decisions are made by Church Meeting: all members are asked to meet every 2 months. Elders make recommendations to Church Meeting but ultimately decision-making rests with the meeting.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Trusts are distilled from the United Reformed Church Act (1972 and 1981) and Scheme of Union (1972) adopted 20 June 2011. The church is a member of the East Midlands Synod of the United Reformed Church, which owns the church buildings in Newport Pagnell and the Manse (occupied by the Minister).
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Newport Pagnell URC Trustees’ Annual Report 2020
Independent examiner
Michael Emery ACA (member of ICAEW) 22 St John’s Street Newport Pagnell MK16 8HJ
Bankers
Barclays Ltd Leicester LE87 2BB
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Solicitor
The charity does not have an appointed solicitor but has access to one via the regional office of the United Reformed Church:
East Midlands Synod 1 Edwards Lane Nottingham NG5 3AA
Professional Team for the Mead Centre construction project
Architect/ Project Manager: Gavin Hinton Cook RIBA AADip Chartered Architect Hinton Cook Architects, 8 Linford Forum, Linford Wood Milton Keynes MK14 6LY Construction contractors: Archway Construction(Northants) Ltd 12 Queensbridge, Bedford Road Northampton NN4 7BF Quantity Surveyor: Tim Acott TJA Surveying Service Ltd 88 School Rd, Astcote, Towcester Northants NN12 8NN
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Newport Pagnell URC Trustees’ Annual Report 2020
Trustee selection methods
Those members of the Elders’ Meeting of Newport Pagnell United Reformed Church who are qualified to serve as charity trustees are collectively the Charity Trustees of the Charity and are appointed and shall act in accordance with the procedures for the time being laid down by the Church Meeting of Newport Pagnell United Reformed Church which shall be in conformity with the Scheme of Union of the United Reformed Church.
Elders are elected by the Church at the AGM (usually held in March) and serve for up to 3 years, then may be re-elected for a further 3 years, then must stand down for at least one year.
Risk management
The trustees recognise they have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Public benefit, objectives and activities
The Charity’s purpose as set out in its governing document is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church
The church’s main objectives are:
To provide a Christian witness in Newport Pagnell, and wherever our members find themselves at work or at leisure
To provide regular Christian worship and teaching in a variety of styles to large and small groups, freely open to anyone
To develop Christian maturity in worship and daily living
To play our part in ecumenical work in Newport Pagnell, Milton Keynes and wider To be supportive of those in need, through friendship, caring action and prayer
To support other charitable work through financial donations, locally, nationally and internationally
To offer our buildings and facilities to other groups from our community, particularly to those promoting health, training or cultural activity
To develop our vision of a new centre, known as the Mead Centre, to replace an old church hall, through working with community groups, fundraising and work with an architect to coordinate the building project. Work on the site started March 2020.
In all the above we believe we are operating for public benefit through the advancement of religion, development of community and support of those in need.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Information on all church activities is available from the website urcnewportpagnell.org or from the church office (tel: 01908 611427, email: secretary@urcnewportpagnell.org).
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Newport Pagnell URC Trustees’ Annual Report 2020
Use of Volunteers
Apart from the minister, everyone working for the charity is an unpaid volunteer. There are around 20 active volunteers, including the elders. Volunteers undertake a large range of roles including leading worship, pastoral care, running children’s and family activities, secretarial work, treasurer, buildings upkeep, work on all aspects of developing the new Mead Centre, community work, liaison with other local groups including churches, fundraising events and many others. All volunteers who have any role in pastoral care or children/family work are DBS checked. Some volunteers help with one specific area, others cover multiple areas and give enormous amounts of time to the church.
Grant making policy
The charity does not make formal grants. However from time to time the elders are made aware of an individual in need and may make a small discretionary award from church funds.
The charity normally supports the United Reformed Church 1% appeal, which asks churches to donate 1% of their annual general income to a URC fund ‘Commitment for Life’, which is donated via Christian Aid to finance specific projects abroad. A decision is made annually at the AGM regarding continuing to support this.
Occasional special collections are made for outside charities eg at Christmas or in response to national or international disasters: money is sent directly to the relevant charity.
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Newport Pagnell URC Trustees’ Annual Report 2020
Newport Pagnell United Reformed Church - Church Secretary's Report
This past year we have lived through times of change not experienced in this country since World War II, due to the Covid-19 Pandemic, and this of course has had a huge impact on our Church life too.
From being able to worship in our lovely building regularly we were plunged into lockdown in March 2020, and we had to find new ways to continue to worship. With our long tradition dating back to 1660 celebrating Christian worship here in Newport Pagnell we looked to technology to connect and keep in touch.
Adhering to Guidelines issued by The United Reformed Church, and the East Midlands Synod, we quickly adapted to technology, not only for worship, but also to keep in touch with each other. Sunday morning Coffee and Chat Zoom sessions, Bible Study one evening a week and various virtual social events all played a huge part in remaining connected. For those without on line facilities hand delivered worship and updates were provided. Our Pastoral Team contact members and friends regularly.
Recording, producing and editing worship was evenly divided amongst those who discovered hitherto unknown abilities, and we also started to offer Holy Communion on Zoom.
Our Minister, Revd. Jenny Mills informed us in March that she would be leaving us, after 12 years, and that her last service with us was to be at the end of September. With this in mind we continued to hone our skills in preparation for the vacancy, and worship opportunities were shared with not only Elders and Church members, but also those from other churches. The building remained closed, except for a few months during the summer, and fortunately we were able to hold our AGM and Church Meeting in early September when the decision was made to register as an Inclusive Church. We were able to hold Jenny’s final service in the Church, with a socially distanced congregation.
We have now entered this period of vacancy with a Pastorate Profile produced which has been sent to our Synod Moderator. Revd. Ruth Maxey has been appointed as our Interim Moderator, and she will be walking alongside us until we have a new Minister. As to how long this will take, well no one knows, but we have a strong team of Elders, and support from Church members, and most importantly we continue to pray for the future of our Church.
The demolition of our old Church hall took place in April and the building of the Mead Centre, a new community resource, commenced. Fundraising and applications for grants have been affected during the pandemic, and we continue to approach funding bodies for grants, and run local fundraising events.
At the time of writing this we remain in lockdown, and have taken the opportunity to have the Church building decorated internally. In the meantime the Church is used as a weekly Food Bank collection point and we are looking to Pentecost as a possible date to return to worship in the Church, all of course dependent on the situation and Guidelines at the time.
Eva Bangle , Church Secretary March 2021
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Newport Pagnell URC Trustees’ Annual Report 2020
Financial review – comprising our Reserves Policy and Treasurer’s report.
Reserves policy
The charity's reserves policy is to hold free reserves sufficient to cover 3-6 months’ ordinary expenditure. At 31 December 2020 the free reserves comply with this policy.
The general unrestricted funds cover general expenditure, funding for the manse and the hall, and a regular monthly payment to central URC funds, calculated as around 52% of general income for the preceding year.
Restricted funds include the Buildings Fund (for maintenance on the buildings) and Visscher Fund designated for match-funding on buildings maintenance. The Mead Centre Fund is restricted for work to develop the new centre. Money collected for outside causes is held in a Special Collections Fund.
The free reserves, representing general unrestricted funds, amount to £10,883 at 31 December 2020 (2019:£13,946).
Treasurer’s Report
General Funds
The general account consists of unrestricted funds, and includes the hall and manse funds. Income to the general fund includes regular donations from members and others, which have continued through the year, income from hire of the buildings and occasional fund-raising efforts. Until March 2020 the church building was in use daily during the week by local voluntary groups related to mental and physical health and local interest groups, as well as for church activities. All this stopped with the Covid-19 pandemic and although Sunday services were held in the summer and autumn, no other activities restarted, so there was an overall reduction in income.
Expenditure from the general account includes the contribution to the URC Ministry and Mission Fund, calculated at 52% of the previous year’s income. This was renegotiated during the pandemic and a reduced amount has been paid. Other expenditure is on the upkeep of church and manse buildings, and the costs of the church’s mission. While some of these were reduced as the building was closed, many fixed costs remain in place.
Staff costs: the minister was remunerated from URC central funds. Her monthly expenses were met from the general fund. The cleaner works on a ‘contract for service’ basis.
The minister moved to a new post from 1 October 2020 but continued to live in the manse. Rent is being paid by the national URC and this has helped the general funds. Council tax and water rates, while still being paid from church accounts, are reimbursed by the national URC.
In 2019 a deficit of £3,290 was recorded. In 2020, there was a deficit of £3,062. The trustees and members were made aware of this during the year: pandemic restrictions continue so premises hire is unlikely to resume until Summer 2021. Manse rental continues and this is providing a significant boost to income, but will stop when the previous minister moves to a new manse.
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Newport Pagnell URC Trustees’ Annual Report 2020
Building and Visscher Funds
Income to the building fund is from quarterly investment income, total £4,866 in the year. These investments are with CCLA and belong to the church. For many years the East Midlands Synod had held these on behalf of the local church: in 2019 Synod returned these to the management of the church, offering to sell them and return the money to us. A decision was taken by the church to request transfer of the investments, in order to continue the quarterly income. There was a net gain on these investments of £9,672 in 2020.
The Visscher fund was a memorial gift to the church some years ago and can only be used to match fund expenditure on church building maintenance. Any maintenance work on the church building can be funded 50% from the Building fund and 50% from the Visscher fund until the money is used. During 2020, only minor works were undertaken and the Visscher fund balance is now £29,921.
Mead Centre Fund
This is our major capital project. Fundraising has been going on for 6 years to make the new centre a reality.
Building work finally started in March 2020 with demolition of the old hall, and the first phase of building was nearing completion at the end of 2020. Total spent in 2020 was £488,971, including construction costs, architects’ and surveyors’ fees and a professional fundraiser helping with grant applications.
Income to the Mead Centre fund in 2020 was from regular giving, fund-raising events and grants, totalling £133,137. Pledges outstanding were £405,000, which includes grants and personal pledges from church members. The total raised over the years for the Mead Centre is £1,032,088, including pledges.
Fundraising for other charities
The church supports some charities regularly: Christian Aid, Water Aid. Special collections were made in response to the pandemic.
Plan for future periods
The church intends to continue working as it has done, expressing the Christian faith by words and action. The vision of the Mead centre as a community resource for all is continuing to develop: if sufficient funds can be raised it is hoped to complete the centre by Autumn 2021. Work started in 2020 on governance of the Mead Centre as a separate registered charity, and continues into 2021.
Financially, the church is partly dependent on donations from members, and with an aging membership there are concerns about reduction in income. All members are asked regularly to review their giving in line with inflation and what they can afford. The church also receives significant income from use of the building by other local organisations so is dealing with reduced income during the pandemic, since March 2020. The trustees are kept aware of the current financial situation via monthly reports from the treasurer.
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Newport Pagnell URC Trustees’ Annual Report 2020
Ruth Tompsett – Treasurer
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material
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departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 9 June 2021 and signed on its behalf by:
…………………………………………………… Name: Victoria Paulding
……………………………………………………. Name: Janet Wilson
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Newport Pagnell URC Trustees’ Annual Report 2020
Independent Examiner's Report to the trustees of Newport Pagnell United Reformed Church
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 12 to 21.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Newport Pagnell United Reformed Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Newport Pagnell United Reformed Church’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of Newport Pagnell United Reformed Church as . required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
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.
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3 the accounts do not comply with the accounting requirements concerning the form and . content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Michael Emery ACA ICAEW
22 St John Street Newport Pagnell Buckinghamshire MK16 8HJ
Date: 15 June 2021
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Newport Pagnell URC Trustees’ Annual Report 2020
NEWPORT PAGNELL UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Note | Unrestricte | Restricte | Total | Total | |
|---|---|---|---|---|---|
| s | d | d | funds | funds | |
| funds | funds | 2020 | 2019 | ||
| £ | £ | £ | |||
| INCOMING RESOURCES | |||||
| Income and endowments from: | 2,3 | ||||
| Donations and legacies | 4 | 27,999 | 124,910 | 152,909 | 120,342 |
| Charitable activities | 406 | 0 | 406 | 321 | |
| Other trading activities | 3,959 | 8,954 | 12,913 | 20,723 | |
| Investments | 5,100 | 5,153 | 10,253 | 5,281 | |
| Other | 0 | 0 | 0 | 0 | |
| Total | 37,464 | 139,017 | 176,481 | 146,667 | |
| RESOURCES EXPENDED | 8 | ||||
| Raising funds | -36 | 4,603 | 4,567 | 3,351 | |
| Charitable activities | 40,562 | 487,163 | 527,725 | 112,747 | |
| Total | 40,526 | 491,766 | 532,292 | 116,098 | |
| Net income/(expenditure) | |||||
| before investment gains/(lossess) | -3,062 | -352,749 | -355,811 | 30,569 | |
| Net gains/(losses) on | 0 | 9,672 | 9,672 | 13,986 | |
| investments | |||||
| 0 | |||||
| Net income/(expenditure) | -3,062 | -343,077 | -346,139 | 44,555 | |
| Transfers between funds | 12 | 0 | 0 | 0 | 0 |
| Net movement in funds | 7 | -3,062 | -343,077 | -346,139 | 44,555 |
| Reconciliation of funds | |||||
| total funds brought forward | 13,945 | 590,022 | 603,967 | 559,412 | |
| Total funds carried forward | 10,883 | 246,945 | 257,828 | 603,967 |
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Newport Pagnell URC Trustees’ Annual Report 2020
NEWPORT PAGNELL UNITED REFORMED CHURCH BALANCE SHEET AT 31 DECEMBER 2020
| Note FIXED ASSETS Investments 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand Total Current assets CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds 12 TOTAL FUNDS |
Unrestricte d Restricte d Total funds Total funds funds funds 2020 2019 £ £ £ £ 163,462 163,462 153,790 4,552 2,220 6,772 5,919 10,851 81,263 92,114 455,745 15,403 83,483 98,886 461,664 4,519 - 4,519 11,487 10,884 83,483 94,367 450,177 10,884 246,945 257,829 603,967 |
|---|---|
| 10,884 246,945 257,829 603,967 |
|
| 10,884 10,884 13,945 246,945 246,945 590,022 |
|
| 10,884 246,945 257,829 603,967 |
Approved by order of the board of trustees on 9 June 2021. and signed on its behalf by:
…………………………………………………… Name: Victoria Paulding
……………………………………………………. Name: Janet Wilson
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Newport Pagnell URC Trustees’ Annual Report 2020
Notes
1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Newport Pagnell United Reformed Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants
Grants are accounted for under the accruals model. Grant income is recognised when the expenditure towards which the grant is intended to contribute is incurred.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
Charitable activities
Charitable expenditure 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.
Support costs
Support costs including general overheads and governance costs and have been allocated to activity cost categories on a basis consistent with the use of resources.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
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Newport Pagnell URC Trustees’ Annual Report 2020
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Debtors
Debtors are monies owing to the charity at the balance sheet date, including gift aid in respect of donations received during the period.
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Funds structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds can only be applied for the purpose specified by the donor. Further explanation of the restricted funds is provided within the trustees’ report.
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Newport Pagnell URC Trustees’ Annual Report 2020
2. 2019 SOFA breakdown by fund
| Unrestricte d Restricted funds funds £ £ INCOMING RESOURCES Income and endowments from: Donations and legacies 33,229 87,113 Charitable activities 234 87 Other trading activities 13,427 7,296 Investment income - 5,281 Total incoming resources 46,890 99,777 RESOURCES EXPENDED Expenditure on: Charitable activities 49,568 63,179 Raising funds 612 2,739 Total resources expended 50,180 65,918 NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS (3,290) 33,859 Gross transfers between funds 45 (45) Net gains/losses on investments 13,986 Net incoming/(outgoing) resources (3,245) 47,800 RECONCILIATION OF FUNDS Total funds brought forward (as previously stated) 17,190 402,418 Prior period adjustment 0 139,804 Total funds brought forward (as restated) 17,190 542,222 TOTAL FUNDS CARRIED FORWARD (as restated) 13,945 590,022 |
Total funds £ 120,342 321 20,723 5,281 146,667 112,747 3,351 116,098 30,569 - 13,986 44,555 419,608 139,804 559,412 603,967 |
|---|---|
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Newport Pagnell URC Trustees’ Annual Report 2020
3. Incoming resources
| u/r funds r funds Total 2020 2020 2020 Donations and legacies Donations from individuals 27,999 22,423 50,422 Grants - 102,487 102,487 Total 27,999 124,910 152,909 Charitable activities other 406 - 406 Total 406 - 406 Other trading activities premises hire 3,248 - 3,248 Fundraising events 711 8,954 9,665 Total 3,959 8,954 12,913 Investment income Bank interest - 287 287 Dividends - 4866 4,866 Manse rent 5,100 0 5,100 Total 5,100 5,153 10,253 Total Incoming resources 37,464 139,017 176,481 4. Grant income Grants for Mead Centre 2020 John Apthorp Charity 11487 Allchurches trust Co-operative Society Anson trust 1,000 URC East Mids Synod 30,000 URC Trust 25,000 URC Trust 25,000 Laing Foundation 10,000 Total 102,487 |
Total 2019 57,163 63,179 120,342 321 321 11,964 8,759 20,723 522 4,759 - 5,281 146,667 2019 40,880 15,000 7,299 |
|---|---|
| 63,179 |
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Newport Pagnell URC Trustees’ Annual Report 2020
5. Trustees' remuneration and benefits
There was no trustees' remuneration or other benefits for the year ended 31 December 2020 or for the year ended December 2019.
There were no trustees' expenses paid for the year ended 31 December 2020 or for the year ended December 2019
6. Independent examiner's
remuneration
Examination-related assurance services
| 2020 | 2019 | |
|---|---|---|
| 727 | 360 |
Costs higher in 2020 because after completing and signing off, it was realised a different
format was required
7. Expenditure on charitable activities
| Activity undertake n directly |
Activity support costs |
Governanc e costs |
Total |
Total | |
|---|---|---|---|---|---|
| £ | £ | £ | 2020 | 2019 | |
| £ | |||||
| Promoting the Christian faith | 42,594 | - | 727 | 43,321 | 49,568 |
| Mead Centre Project | 455,116 | 64 | 29,224 | 484,404 | 63,179 |
| Total | 497,710 | 64 | 29,951 | 527,725 | 112,747 |
£40,562 (2019 - £49,568) of the above expenditure was attributable to unrestricted funds and £487,163 (2019 - £63,179) to restricted funds.
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Newport Pagnell URC Trustees’ Annual Report 2020
8. Movement of funds
| 8. Movement of funds | |||||
|---|---|---|---|---|---|
| Net | transfers | ||||
| Investmen | |||||
| Fund name | balance | Movement | t | between | balance |
| 01/01/202 | 31/12/202 | ||||
| 0 | in funds |
gain | funds | 0 | |
| £ | £ | £ | £ | £ | |
| General fund | 13,945 | -6,372 |
0 |
0 |
7,573 |
| Manse fund | 0 | 3,310 |
3,310 | ||
| Building Reserve | 164,679 | 3,522 |
9,672 |
0 |
177,873 |
| Mead Centre | 394,877 | -355,834 |
0 |
0 |
39,043 |
| Visscher Fund | 30,016 | -95 |
0 |
0 |
29,921 |
| Special Collections | 450 | -341 |
0 |
0 |
109 |
| Totals | 603,967 | -355,810 |
9,672 |
0 |
257,829 |
| Net movement in funds, included in the above are as follows | |||||
| Incoming | Resources | Movement | |||
| Fund name | resources | Expended | in funds | ||
| £ | £ | £ | |||
| General fund | 32,364 | 38,736 |
-6,372 | ||
| Manse fund | 5,100 | 1,790 |
3,310 | ||
| Building Reserve | 4,866 | 1,344 |
3,522 | ||
| Mead Centre | 133,137 | 488,971 |
-355,834 | ||
| Visscher Fund | 0 | 95 |
-95 | ||
| Special Collections | 1,014 | 1,355 |
-341 | ||
| Totals | 176,481 | 532,291 |
-355,810 | ||
| 9. Expenditure per fund | 2020 | 2020 | 2019 | 2019 | |
| u/r funds | r funds | u/r funds | r funds | ||
| Raising funds | |||||
| Mead Centre | 4,602 | 2,612 | |||
| - | |||||
| Other | 35 | 612 | 127 | ||
| - | |||||
| Total | 35 | 4,602 | 612 | 2,739 | |
| Charitable activities | |||||
| Urc Ministry and Mission | 24,840 | 28,919 | |||
| Ministry costs | 522 | 1,078 | |||
| Minister's travel costs | 491 | 825 | |||
| Cleaning | 2,417 | 3,422 | |||
| Maintenance/repairs | 2,073 | 1,027 | 578 | ||
| Phone/IT costs | 1,428 | 86 | 1,689 | ||
| Fuel/Water | 2,624 | 3,375 |
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Newport Pagnell URC Trustees’ Annual Report 2020
| Manse Council Tax 1,179 1,524 Insurances 2,752 3,328 Publicity 176 Equipment purchase 27 413 934 Licensing and fees 868 900 1,307 Gifts/grants to other bodies 520 1,355 1,780 Miscellaneous 95 3 273 Audit and accounting 727 360 Mead Centre non-build costs 29,319 Mead Centre build costs 454,060 Total 40,563 487,163 49,568 Total expended 40,528 491,765 50,180 10. Investments |
63,179 63,179 |
|---|---|
| 2020 £ Non-current financial assets |
2019 |
| £ | |
| Financial assets at fair value 163,462 |
153,790 |
The fair value gain recognised in the Statement of Financial Activities in the period is £9,672 ( 2019: £13,986).
| 11. Debtors HMRC - gift aid 12. Creditors Deferred grant income Funds for AV system not spent (inc GA) Legacy not spent Total |
2020 2019 £ £ 6,772 5,919 |
|---|---|
| 2020 2019 £ £ 900 11,487 |
|
| 2619 1000 4,519 |
13. Information re Investments
During 2019, six CCLA investment funds formerly held by East Midlands Synod on behalf of the church, were transferred to the direct control of Newport Pagnell URC. At the time it was not known if there were any restrictions on their use and they were accounted for as restricted pending investigation.
Further information uncovered in early 2021 shows that 5 of the funds related to former village churches which all closed at least 25 years ago and their funds were transferred to Newport Pagnell URC. The sixth related to a former manse which was sold at least 50 years ago.
The trustees have taken advice from the directors of the Synod Trust, including the Convenor of the finance committee, who is a recently retired Chartered Accountant with charity specialism. There is
20
Newport Pagnell URC Trustees’ Annual Report 2020
nothing to suggest that any of the funds are a permanent endowment and the Trust advised that they can be regarded as unrestricted. This change will be made in the 2021 accounting period.
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Newport Pagnell URC Trustees’ Annual Report 2020
14. Detailed Statement of financial activities for year ended 31 December 2020 This statement does not form part of the SOFA
report
| Income over all funds Voluntary income Donations Legacy Mead centre donations Mead centre grants Church grants Miscellaneous Fundraising events General Mead centre Investment income Bank interest Investment dividends Manse rental Income from premises hire Raised for outside causes Totals Net gains on investments Costs incurred over all funds Church Activities Costs Note URC Ministry and Mission Ministry costs Minister's travel costs Cleaning Maintenance/repairs Phone/IT costs Fuel/Water Manse Council Tax Insurances Publicity Equipment purchase Licensing and fees Gifts/grants to other bodies Miscellanous Audit and accounting Mead construction costs Mead nonbuilding costs Fundraising costs |
2020 £ 27,999 - 21,409 102,487 - 406 711 8,954 287 4,866 5,100 3,248 1,014 176,481 9,672 2020 £ 24,840 522 491 2,417 3,100 1,514 2,624 1,179 2,752 65 440 1,768 1,875 33 727 454,060 29,319 4,567 |
2019 £ 33,229 - 22,342 63,179 - 322 1,462 6,977 522 4,759 - 11,914 1,961 146,667 13,986 2019 £ 28,919 1,078 825 3,422 578 1,689 3,375 1,524 3,328 927 934 1,307 1,780 273 360 0 62,428 3,351 |
|---|---|---|
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Newport Pagnell URC Trustees’ Annual Report 2020
| Total | 532,293 | 116,098 | ||
|---|---|---|---|---|
| Mead Centre Costs breakdown | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Archway Construction | 454,060 | 0 | ||
| Professional and legal fees | 29,253 | 61,547 | ||
| Licensing costs | 900 | 531 | ||
| Fundraising costs | 4,602 | 2,612 | ||
| Publicity | 65 | 740 | ||
| IT costs | 86 | 0 | ||
| Miscellaneous | 5 | 0 | ||
| Totals | 488,971 | 65,430 | ||
| Detailed costs of Professional and Legal fees above | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Hinton Cook Architects | 21,392 | 26,610 | ||
| TJA Surveying | 1,560 | 5,700 | ||
| David Smith Associates | 0 | 10,773 | ||
| KDK Archaeology | 4,015 | 330 | ||
| Other survey/preliminaries | 2,286 | 18,134 | ||
| Totals | 29,253 | 61,547 |
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