Cliarity IEgistra¢ion nuiiib¥i': 1179609 Newport Pagnell United Reforn]ed Church Annual Reporl and Financial Stalcm¢iits foi. the Year Ended 31 DeceniLKr 2023 Micliael J Ejneiy & Co l.imited 22 %t Jolin Siiecl Ncwpoit Pagnell Buckillgliamshire MK16 8HJ
Contents Relei'cn¢c and Adniinisti?tiiie Details Tyusiees, Repoi't 2106 Siatement of Ti'usiees, Responsibililies Independent Lxai)iinei'% Rcport Siatetnent ot'Financial Activities 9t0 10 Balance Slieet Noies to Ihc Financial Slaternents 12to 22 Detailed Statement ot'l.inallcial Activities 23to27
Ilefereiice and Adiilinisti-ative Details Trustee% Mr Graliam GI]eb Mr Coluin McKcnna Mrs De8nna McK¢iina Mi.%% Victoria Bluni (formerly Miss Victoria Paulding) Mrs Jenny Iloyal Mrs Julie-fuiner Ms Ruth Tompsetl Mr5 Jarttt Wi150n Mr Vivian Wilsun PvincipAI Office 67A l.ligh qtretl New'povt Pagncll ,MK168AB Charity RegtratIOn NuinbeJ- 1179609 Solleitors Appointed solicitor via Irgional offJ¢e of Ilie Uniled Refoi'Died CIIuTch Easi Midlands Synod l Edwards l.ane Nottingham Notlinghams]iii'e NG5 3AA Batikei EJarclay5 ljank PLC Lei¢Lstei' Leicesiershire LE87 21111 Indepciidtnl ExAiJiiiiei' Micliael J Enicis, & Co LilliiLed 22 St John Sutei Newpoi1 Pagnell MK168HJ Page I
Trustees, Report Tlie truslees present Ihe aiinual reporl IoEether with Ilit finaiicial slatcinenlq of Ilie cliarily foi. Ilie yeai. ended 31 Deceinbei" 2023. Objectives And activkties Piiblic beiiefif Tlic Charil) 8 pui'pose as sei out in it5 guvei'niiig doLun)enl is Ihe advaiicemeiil of Ilie Christian f21tli for the benefit of Ihe public in acLOI'darJce ivith tlie ScheThie ol'union of Ilie ljnited Retoi'iiicd (.'hur¢li. 'Fhe chuirh'8 rnain objectives are.. To piY)vide a Chiistiatj i¥itness iii Newport Pagnell. and wheiEvei' our members find tlien15elves u ivork or al -1 o provide regular Chrisiian worship and leaching in a vai'ieiy ol'siyles to laiEe and small gix)ups, fiEely opcn io anyone., To develvp Cllristldn nialurity in worship aiid daily living; To play tsuy pait iii ecuineni¢al I4'0rk in Newpoyi Pagncll. Milton Keynes and widei" 'ro be sui)poilive of those in nccd, 1hrou1 fi'iendship. cai'ing aciion And prayer: To supporl Other cl).11ablC woi'k ilirougli financial donations, locally, nationally and inlemationally; To offer our buildings and facilitie% lo other gioui)8 fi'oin our Community, paiticularly ihose piDmoling health, To devclop oui. vision and work of Ihe Mead Cenlre, our Community building Th'hich opened in 2022. In all Ilie aboire we believ'e we air operating foi. public benefit througlj the advaii¢emeni ot religion, deijelopmtnt of comiiiuniiy and suppni1 of those in need. Infoimaiion on all chui'ch aelivilies is available froni tlie welksite urcnewportpagllell.ovs or fi'orn the church oifice Iiel.. 01908 611427, email.. secrelai?Ourcnewporlpagnell.01-2). The Ii'usl¢es ¢onfii'i)I Ihat the>, have coiiiplied iyith the rcquiiynients of se¢tion 17 of the Charities Act 2011 to have due Irgdrd 10 Ilie piiblic beiietrit guidance published by Ilie Charity Coinmission foi. Eiigland dnd Wale5. Grdiil iisiiklii¥policies 'riie ¢li)i'ity docs not make tatThal gi'ants. HO,ever. froin lirne time ilie elde1% are made aware ol. an indii'idual in need and iiiay niake a small dis¢ieiioIJai'y a1val (IDin cliuirh funds. Tlie tharily noimally.%uppoYi.s the United Retomied ChuTcli l /) appeal, Ivhich asks churches to donale 10/0 of thtTri' annual genci'al income to a URC fund 'Commitineiil lor Lile, Ivhich is doiialed vid Christian Aid to finan¢e specifjc projects abio#d. A decision is rnade dnniially al th¢ Acim Itgarding continuing to Support this. Occasional special Collections are made for ouiside chariiies le.g. al Chrislmasl oi. in I'esponse to natir)nal or iniernatiollal (lisasters. Tlie money is seni diiEcily to ilie ItleiJant cliarity. Page 2
Trustees, Repoi't USÉ of voliiii/eErs In Ihc chiii'ch Iheie about 15 Jelive voliinle¢rs including Ilic elde1%. VoliintCCl'5 iinderiakc a largc range of J'ole5 buildiilgs upkeep, camiiiiittity ii'ni'k, liai.%oii ivith other local EI'OUPS including chui¢li¢s, lundraising evenl%, aiid 8uch as WaTln Space aiid Community Laidei., pix)xiiding a Iv¢lcomit)g %i)acc foi. anyoi)e, scrviiig tlie Mead Cenlre anubJemeAi ieaia and i-tinning fuDdi-al%ng cvcnls. All voluntccr5 iyho have any i'ole in pasloral cal'e or ¢liildi-eiiifainily wark are checked. Soinc voluntee13 1)elp iviih one specific area, oilicrs covei. iiiuliiplt areas 3nd give enormou8 amounts of iiTne io tlie chui¢h. Sti'ueturei govci'nAncc, and JtlanAgemtl Orgrtiiisfiiioiiul Siritciiirc The Lonstitution ol. the Uniitd Refornitd Church slatcs thlli ¢hurch elders &'e ihe charily Trustees. EldeiE iiieet foi'mally once a month and are Ic5poDsible fot. all ai'eJb of chui'cli lilt.. day~tu-day I'unning) l)asloi?I caiE, ministiy, mission, plM(>ll0 of thc Chi-isiian faitli: f5naiice, buildings. The minister is employed l)y the national Lnitcd Refoi'med Church and advises the eldei's.. the thui'cli cnlcrcd a periad of vacartcs, in Ma) 2023 lollowing ihe IE5ignaiion ol. Revd Jo Llarc-young. l)UTing 2023 di%cu5sions have tsken place witli ilie URC Ed51 Midlaiids Synad vitli the aim of calliiig a new ttiinis¢ei' and tliis is lioped to be I'ealised iii Spring 2024. -1.he cxpeclation is Ihai the rteii, ministci. Ivould liave plOal Lliai'ge of liiro chuirlie5 including Nc'p0rt Pagnell IJRC, and that tlie ivoiq( liere vould include niinisir), in Ihe Mead Centrt. Major dcci%ions are made by ¢huich nieeting.. all tt)embei's are asked LO meet evely 2 montli%. r.Ideis iiiake i'etoinmcndations cliuirh meeiing but ultimately decision-making Tesls ti'iih tli¢ meeting. Goveriiiiig dociiiiieiil Thc chai'ity is conii'olled by lis goveining dociiiiient, a deed of trust, and con51ilUtes an llnincortM)rated chai'ity. TrusL% are distilled fi'om tlie Uniied Reloimed Chiircli Act11972 dnd 1981) and %¢henie of Union119721 adoplcd 20 June 2011. The chuich is t ineinbei. of tlie East Midlaiid% .Synod of tlie United Retormed Church, w'hich 014-ns tlie churth buildings in Newpei't Pl< gnell and Ihe Manse loceupied by the Minisiei.). Structur¢i governhnct and ijianaKemtht RecriiilJiieiiÉ iippoliiliiieiii ollruslees Those meiiibers ol-the Lldtrs. Mi cciing of Nlewpoi'i Pawell Uniied Refornied Churcli who are qualitied 10 Serve as harity ti'ustCC5 ar¢ ¢ollectively the Charity Ti'usiees ol. the Charil), diid are appointed and .%hall act in accolan¢¢ vith the pi'ocediires for the lime being luid doi¥rt by Ilie Chiirch Meeting of Niivpnri Pagnell United Refoi'med Cliuirh wliicli sliall be IA cottformity with the Schemc of Union of tlie United Refonned ChuT¢h. Lldcrs are elected by thc Cliur¢lJ ai the AGM {held l Ociober 20231 and serve lor up lo 3 5'ears, Il)en rnay be re-elccted for a furiher 3 }'eaiE, llien Inu51 Sland doi¥n foi. at least one yeai.. Risk Jii#rt#geinent Tlje Iruslees recognige Iliey have a duty io idcntify and reviciv tlie i'isks to ivhich the charity is exposed and lo ensiire appropriate ¢onirols are iii place io provide reasonable assutrance against fi'aud dnd erix)I'. Page 3
Trustees, Repoi't Policji oil res¢rvÉ.I The tliarit) s I'esei'ves i)olity is la hold frcc ieseive8 %uI'fscicnl lo ¢ovei' 3-6 months, oiyjinaiy expendiluiE. At 31 Detcmbci. 2023 thc fre¢ iiservcs comply wilh iliis policy. The g¢neral uniEstricled funds cover 2tnei.al ¢XlKnditui'e, funding foi. thc rnalls¢ and a regular monthly payment to ¢eiitsal URC tiiiid5, calculated ai'oiiiid 52VD of £eiici21 income for Ilie preceding year. Rcsli'icied funds include the Buildinxs Fiilld Ifoi. Imdinienance on tlie building51 and Vi%schci' Fund de8ignated for maicli-lunding ori buildin85 maintenaiice. I'lit Mead Cenlrc l-.und is i-e.qli.icied foi. Ivoi'k to deiielop the neiv cenlre, Moiity collected tor oulsidc causcs 15 h¢ld iii a Spccial Colle¢tlOlis Fund. The free reseives, repirsenling genej'al unrests'icted tunds, aiiiount to £22,24512022.. £16,081). Fill#iitlal vevlew Generul FiikFds The gencral a¢¢ount consists of uniesiricted fund5 and intludes Ihe IanSe lunds. lrtcoine lo Ihe geiieral tund includts regiilar donaÈions fionJ members and oihers, which have continued thiligh tlic year, incorne fiom hire of Ihe builditigs and o¢casion21 fund-i?15ing etyni'ls. Expcndiluit tri)n) tlic genei?l account includes Ilie tonii'ibuiion lo the URC Minisliy and Mission I'und, calculated al 520/ts Ot'ilie pi'evious year's ii)coiiie. Oiliei- expenditure is OD the upkecp ot-ehuicli and nianse buildings, and the ¢osts uf the Lliui'ch'5 lrtission. Fixed costs Iiave incregscd although fuel bills have i'emained sadY a5 ,¢ were on frixed i?te5 Irorn Summei. 2021. We liad long iunnirtg eustomei. quei'ie5 Ivill) Wave regarding waitr bill8 loi. both tlie ¢liui'ch and ihc Mead eeniit. Both were iesulved lowai'd5 tlie end (If 2023 and we received a substantial refund for the chuirh IVaT eosis, and eslablislied the Mcad Lenlre coi'tect costs. SlalTcosis.' URC Jiiinisters are I'einurttraled fiDin IJRC c¢nlial funds. From April 2023 wc had no iiiinisler, so Ihe vei'e rio ministei'ial eYpen%es to covei'.'Ihc cleanei. woi'ks on a'conlract for service, basis dnd is paid separately for the thurcl) and the Mead CeniiE cleanillg. While dje Inaiise H'a5 occupicd, the chui'di 14ras It.qponsiblc for ¢oun¢il tax, water, insurance and mainienance. Tlie rn21)sc lias been empty since Ma>, 2023 and council lax is nut payable as il is a houst noiiiially occupied by a minstci. ot religion. The churcli 55 leSPOrtsible for fiicl and ivaier sianding chai'ge4 lrt%iiiance and rnaintenan¢e. The uni'esiricted general funds show a surplus of £6,164 for 2023. BuildNng Ilis&cliep' Fuiyds Income lo tlie l)UTlding tund is from quai-ierly invcsiment in¢oine. total £1.987 in the yeai.. These inv¢51inents are IvitlI C(:LA aiid l)elong to the ¢liuYeh. Tlie Visscher lund ii'&s a nieiiinTial gift io Ilic thlirch some years ago and tan oiily be used to malch furtd expenditui'e an cliui'ch building maintenance. Any maintenance ivoi-k on Ilie church building can be lunded 50ty from tlie Building fvnd and 50% froill Ilie Visselier fLTrnd until Ilie Ixaney is used.'I'lie Vixs¢hti' tund balaiice Trs noiv £24,176. Page 4
Trustees, Rep(Jrt Bii¢klEI' Ftina In Naiieiiibci. 2023 ihc chui¢h I'eceivcd a legacy of £38.340 fi'om Ihe esiale of the lale Mai), Bucklei. Ivlio was a long-.sianding. Iniich respected chiii'ch meniber. At the yeai. end this money ivas held in a ciii'irnt account pending plans to invesl £25,000 ofit and use Ilie i'esl foi. chuirli maintcnancc woi'k in 2024. IOOA of it ivill also be pa}'able to Ihc Uftc Trust in 2025 14 5 It ivill bc dcclai'cd dui'ing 2024 as incoiiie for our contribution 10 URC Ministiy and Mission. leod CEnlie Fiiiid During 2023 thcre iveie son)0 cos15 thai weiE regai'ded as initial building c051s, eiihei. because they should haillt been donc dui'ing Ilie buildiIig phase 01- becdme apparent Iliey were needed. Repayment% ot Ilie IIRC. tru%t £75.000 loan cunlinued tliiough tlie year lunded partly by a iiionthly ti'aii%fei' ot £C?00 fl'am the rth'enue fund 2nd pai'ily by ongoing dondtiuns ti'oin cliiiirh Ireml)ers. Inleitst on Ehis loan increased vei'y sigllificanily irt 2023 and the cliwch nieeting n)adc a decision in Januaiy 2024 10 pay ihe year's iniei'esl of £2.810 as a lump sum. Ilegarding tl?is as 2023 expenses, this means Ihal al the end of Ihe year the fund was in dcficit by £40,048. JVeudCÉJiii'É Reventie Fiind Thi% foi. tlie day lo day iunnlng of tlie Mead ¢eniYe and includes seveial sub-funds ivlieit grants liave beeii IEceii'ed for specific activities. InLonie is fiom rooni hiir, ad hoc dnnalions, tund I1.1n8 evtnL% and giants. The East Midlands S}rnod list ts giving a grani of £30,0110 oi'ti. Ilie period Sepi 2023 Sepi 20?5 10 allow us to eTnploy a pait t1111e adiiiiiiisirator. Attcl. & TCCI'uiimcnt procedure. NICla Ash slai-ied ,rk in Sepieiiiber 2023 and deals ivith booking%, enqiiiiies, neiv piDjects and genei'al tix)ublesliooting. We dre iising a local agency ta ensui'e i¥e are ¢ompliatJt wilh eiiiployllieni financial issiies. Income la the Mtad Ccntrc is 8uffieient to cover all iynning expenses. Tlie Mead Cen11e linance group monitor5 th¢ furtd% and meet5 quarterly, and has the auihoi'ity lo increase hiir chai¥eE M,hen Tri5 becom¢s necessary.. the ¢haYges haiie reniained the saTJie siiice op¢iiing iii 2022. Fiindp'oisifrtgfor oihei. ehariiies The church suppoils some charities regularly.. Comillitmcni for Life and Water Aid. PaEe 5
I'ruslees, Report l)laiis foi- futui't ptri(bds Aiiiis keji objecilvesforfEinireperio(lJ' The chui'ch inlends 10 continue ivoi'king a5 It has done, LpreSsing the Chvistian faith by ivords and tIOn. Tlie vision of Ilie Mead centre as a coiiimunity I'csouirc for all is Contiiiiiing to develop as il is in IEBulai' use alniost cvcry da}¥ of thc Ye.. There is ivide suppoit frotn ilie lotal co]1unilY and a range of people on the Inan<igemenl group. Financially, Ihc cliurcli 15 partly dependent on donations Irom membei'5, and with an aLTinu Jnembersliip there we concein8 atout i'educiion in income. All membe13 al'e asked iegulai'ly lo IEviei%' tlieir Eiving iii line witli inflation and ivhat they can aftord. The cliui'ch also I'ectives iiicoiiie ti'oin u%¢ of ilie building by othci. lo¢al organisation5.' ovei. tiine Ilie%t l)avc dec]ra.ed a5 *onie OlEani.%ations Cloxcd and oil)crs liave moved to Ihe Mead Centre. The Irustc are kept awai of the cuyrettt tinancial 511uatioii via niotttlily I'eporls fiu)m Ilie treasurei.. 'Fhe annual Irport was approved b), Ihe Irustees of Ilie charity on 4 Sepiembei. 2024 and signed on ils behalf by.. Miss Victoria Rlunt I'ruste¢ Ms Ruth-foinpsett 'Frustee Page 6
Statement of Trustees, Ile51)onsibilities Uniled Kingdom Accnunling %tandai'd.q Iljniicd Kingdoiii Generall>, Accepl¢J A¢couniiJig Pi?ctice) aiid Jpplicdble law and regulations. The laiv applicabl¢ its chai'ili&% requiirs tli¢ Ii-u.%iee% to pi'cpai'e financial staiemenls foT ea¢h financial year ivliith givc a Ii'ue and faiv view of the sthte of affairs of the chai'ily and of Ihe incuining resources and application or If50uI'ces of tlie chai'ity foi. Ihdt peijod. In pj'eparing these lindncial slateinen15, the tl'LlStees atr I'equiird to.. obsei've Ilie rlleihods aiid principles iii tlie Chai'ities SORP. iiiakc judgeinenls and estimateb thai are reasotjable aiid pi'udenl., slate ii,lieihei' api)licable accourtting 8tandai.ds liave been folloii'ed, 5ubjeLI lu any maietial deparluie5 disclosed and eiplained in thc finan¢ial siaienien15' and piepai'c tlie tinancial %ialtmtnt8 on the going ¢oncein basis unless il is lnappipYJate tu pitsuihe Ihat Ihe cliarity 'ill continue in busine88. The ti'uslee5 aiE IEsponsible tor k¢ei)ing proi)ei' accounting re¢oYds that disclose wi¢li reasonable accuracy ai any timc the financial i)osition ol. the cliarity and enable tlieiii LO ensure ihai Ilie linaiicial siatenienls comply willi (he Charities Aci 2011, the applicable Charities IAccouttts and Repoi'Lsl Re2ulaiion%. and thc provision% of thc ¢onstiliition. Tli¢ Irustees al'e a150 IEsponsil)le for safeguarding tli¢ a%8eL% of the charity and hence for taking reasonablc sicps foi. the prevention and dctection of fraud and otliei. in'egulai'ilies. Approved by the ii'llstees ot the charity on 4 Septernr 2024 8iJd signed oli its beliall'by.. I is5 Vicloi'ia 141unt 'ri'usiee Ms Ruili Tompseti 'ITusiee Pag¢ 7
Independent Exaniinei's Report to tlle ti'ustee$ of Newport Pagiiell Uiiiteil Refori))ed Churcli I rerK>lt to the ¢liw'iiy Iru51ees on Jny ¢xamindlion of Ihe actount8 of the ¢liariiy foi. the ye. ended 31 Deeeinber 2023 ivhi¢h are scl uut on pagcs 9 10 22. Respeetiv¢ responsibilities of trustets Aiid exailliner As ilie charity's Iiwsiees of Newport P8Eiiell Uiiitcd Refoi'ined C.liurcli you ar¢ re8ponsible for Ilie prepurdlion of Ihe accounis in a¢¢oi'ddnce with Ihe rtquii'emenls Ot-lhe Charilie8 Act 2011 {'tlie Act'l. I 1-eil in i'e5pect of iiiy examinaiion of Ihe Neiypoi'l Pagn¢ll Uniied Rcforiiied Chut'cli's a¢¢ounis cai'ried oui linder seclion 145 0l.tlie 2011 Act aiid in cai'iying out iiiy exaininalion I liave folloii'ed all the applicable Directions given by tlie Charity Lornmissioii undci. se¢iion 145{5llbl ol'ihe Act. Indepeiidejit exaimiller's slateineijt I have cotmpleied iijy exainiiialion. I conlirm that no rnatei'ial iiiattcrs have corne to illy altion ill conneciion H'iih Ihe examination Biving nie Gause tD bclieire that in any matei'ial rtsp¢ci'. acctsurtling I'ecot'ds welt not kept in i'espcct of Newport Pagnell United Reforined Church as requii'ed by Eeclion 130 of tlie Act,. or 2. the accuunls do not accord with those Ir¢oYd8' 01. 3. thc a¢¢ounts do not coiiiply witli Ihe aCCOLinting irquii'cments con¢ei'ning ihc foiin and content of aceuunts sei vui in Ihe Cliai'ilies (Accounts and Reports) Il¢giilotion5 2008 oihei. than i'eqiiijrmeni Il)at Ihe accounts give a 'tiue and laii. Vic, iirhieh is not a illattei. consideiEd ds parl of an iiidLpendent examination. I have no concerns and have tome acr055 no oihei. matters in eonncction ivitli ihe eNaiiiinaiion lo ivhicli atlcntioii shoiild be di'aivrt in Illi5 l'epoit in order lo enablc a propel. understanding of thg accounts 10 be Keached. 22 St Jolin Stitet Newpoit Pagnell Iluckinghamshire MK168HJ Dale.. Page 8
Statemenl of Finxncial Activities for tlie Yeai. nded 31 Decenibei. 2023 lJnre.5ti'itted fuijds Total 2023 Re5trietcd funds 'ote Income Eii(loivJJitnls f]'oJn: l)oDation8 and Icgacies 32.199 1,032 44,S48 16 60,870 902 132 93,069 1,934 44,980 Ollier trading activities Investnient income Totsl inconic 63,924 142019 Expenditure oil: Raising funds Charitable acliirilies 12201 1401 1260) Total expendiiuiE Nel incotne Gi'o%% tiynsfcit beiiveen fisnd5 Nei gains/llosse51 on investiiient5 13,672 (164) 22,287 35,959 Net movement in funds 13,508 28,663 42,171 Rtcoiieilialioii of funds Total funds bi'ought foiwai'd 20,187 81.655 'roial funds carried foiivaiyl 17 33,695 Unresti'icted fuiids Total 2022 Resti'ict¢d funds Note lllcom¢ EndowintEJts fj'oni: Donalions and legacies Charilable activit1¢8 Oiher trading activilies 27,634 602 114,952 142,586 602 30,161 28,868 1,293 1.974 .1 otal incom¢ 118219 175,332 Expeiiditurc on.. Raising fund5 Cliaritablc aclii'ities (2751 Ll 35 070 127)) 180,224 45,154 Tolal expeiiditure 135.145 180499 Nel inc()mcl{expendiiuitl Gross iiaiisfei% beiiveen lunds Nei gainslllossesl on iniyestmcn15 Net movemenl it) funds 11,959 17,0241 117,1261 7,024 15,1671 4.935 119,0741 114,1391 Pagc 9
Statejnent of Fiiiancial Aetivities for the Yeai. Ended 31 December 2023 Uiii'tstrieted TotAI 2022 R¢5tricted fun(Is Note Recoiitili#titsn offuijds Total funds brouglit toi'ivai'd 100729 'I'otal fund% carried froiTrvard 20,187 81.655 101 842 All of the chai'ity's attivitics derive frorn continuing opeTaiiolls during the above two pti'ls. Page 10
(Regi5ti'Alion Iiiinibei.: 1179609) Balgiice Sheet as at 31 Decembei. 2023 2023 2022 Note r4ixtd assets Inve51m¢rtts 69,460 63,248 Cui'i'eijt assets Debiurs l.'aEh at bank and in h8nd 4,216 135 373 139,589 4,855 104689 109,544 Cveditoi's.. Amoujits fAlling due ivithlii year 15 19,036 12,950 Net cui'i'ent asseis 120,553 Totxl Hss¢ts ItSS tui'rent liRbilitie5 190.013 159,842 Credllors: Aiiiouiits falliijg due after mol'e tliaii oiie year 16 Net assets 144013 101842 Funds of the ¢1181.Ity: Resti'itttd funds 110,318 81,655 Unresti'icted liitoJJie fuihds Unrestricted fuiids 20,187 TotRI fuiids 17 144,OlJ 101 842 'rhe tinancial stalernent$ on pages 9 to 22 ivere approiped by the Irusiees, 2nd audiorised for issue on 4 Seplembei. 2024 and sEgned oil Iheii. belialf by.. Mi.%$ Victoria Blunt Triistce M5 Ruili 'fomp8eti Trus Page 11
Notes to the FinaJTrciAI Statemeiits foi. the Yeai. Ended 31 Deccniber 2023 StatenJ¢iit of toiJJplÉAiice The financidl staiei)ieiils have beeii ijiepai'ed in accoi'dan¢e willi Accounting and Reporliiig b), Charities.. Siattiiieiil of Recommended I raclicL applicahle to eliai'itlC5 prepai'inE Ilieii. dLLounts in accurd4tJce th'iili the l.'iDancial eporting Standard applicablc in Ilie UK and Republic ot Ii'eland IFRS 1021 lefteclive l Januaiy 201.51- IC118riiics SORP IFRS 1021), the fitiancial Reporlin8 Standard applicable in Il)e UK and Elei)ublic of Ireland {FRS 1021 #nd the Cl)dl'iiie5 Act 2011. Basis of preiTraratlOTI Nelvpoi'i Pagnell United Reforined Churcl? meets ilie definition of a public bencfit entily under FRS 102. Asseis and liabilities air iniiially i'ecognised at historical cost or Iranbaciion value Ullless othenvise slalcd in the relevant accounlirtg policy notes. I xcmption froni prepai'lng g tasli noiv stAtemen¢ 'I'lie tlizi'ity opted lo early adopt Bulleiin I published on 2 February 2016 and l)ave IherefoTe nal included u cash tlow siaiemcnt iii these financial stJteiiienls. Cjoing eoncern l-lie tlTr151ecs considcr that there are no material uncejlainties abDui ihe cliaiity's ability to continue as a going concern. Ineome &iid eijdowintthts Voluntai'y income including donations, gifts, legacies and gi?n15 tliat i)IDvide cerc funding r)I' air of a genernl thare is recogni5ed ivhen Ihe cli}1t). has tnliileiiicnl to thL incomc. it is probable tliat the incoine will be 1ceived and tlie amounl can be ii)easiired iviili sufficient Itliahility. Duiiutions niiil legueies Donation% and legacies ale reeognised on a i'eccivable blS M,hcn irceipl is probable and tlie £tmoiittt cfin bc reli&bly measurcd. Grrtiil.f recenpuble GIlS aye re¢ognthsed wl)en Ilie cliariiy lias an entitlement to the funds and any condiiions linked lo Ilie granls liave been met. Wliere pei'forniartcc conditions ale attached iu the grant aiid air )iet lo bc mel, the incornt ig Ircogniscd liahilit} and incliided ot) the balanc¢ sheei as defeiird incoine to be relea%ed. Interest ott tunds held on deposit is incliided iihcn ieceivable and the ami)unt can be measiired liablY by ihe eliai'ity,. Ihis is noiiiially upoii notitication of tlle intClf5t paid oi. Yable by Ilie bank. Dividend5 atre recognised once th¢ dividcnd has bccn d¢¢lai"ed and noiifi¢ation been I'eceived of the dividend due. Page 12
Notes to tlie fi inAncial Statejiients foi. Élle Year F.iided 31 J)eccmber 2023 All expendilui-e is YecDgni%¢d otice iliere is a legal or Lonstruclive obligalian 10 Iliat exyKI)dituYe, il 1% probable %cltlcment is IEquircd and tlie noUR1 ¢an be Ineasured I'elidbly. All costE drc allocatcd lo the applicable aNpendiiui'e lieadin2 that aggi-egaie siiiiilar costg 10 Iliat calegniy. Wlieir cost% cfjnnni l)c dire¢ily alli'ibuted lo pai'ticulai. lieadiiig5 the5, liave beeii (Illoeaied on a ba8is consi%tent with tlic use of resoui'ces, witli cential stair Costs allocaled oil tl)t ba515 of tinie spent, and dtpiicialion ¢hai'Ees allocated on tlie porlion of Ihe asset'5 11%¢. Otlici. siippoit ¢osl% arc allocated based on tlie spre%&d of staff Losls. RftisiiigJiiiJils -riiese al'e costs intuired in atlraclirtB voluntary income, die management ot- investments and Ihose incui'red in Iding activilie5 Iha(1'2ise tunds. Chrtl'Erable nLilviiles Cliaritable ¢xpcnditutc coinpYi%e% diose Cosis incull'ed by ilie charity in tlie delivcry ot- ils activiliL% and servstes for ils bcnefitiai'ies. It includes L)oth c051s Ilidl can be allocated diircily to %ueh activities and tha8c costs oran indirect natUlT necessary 10 support theni. Gr(i&iiprovisloiis Pivvisions for gi?n1 arc m<idc when the intention to make a gi'(Int has been Loiiimunicaied to ilie retipient bul there is uncei'lainty ahaut citlier Ilie timing of tlie gidni or tlie #iiiouilt of graiit payablt. Suppoi't tosts Support ¢•sis include central fiinctions ard liave been allocaied to a¢iivity eost categories on a basi.% consisteni wtih the u%e of resouires, foi. example, allocaling pioperly costs by flooi. artas, oi. per cupiia, statycosts by tlie time skKnl and other costs by ilieir usage. G0vet.an¢t tosts Thc5e include Ihe costs atli'ibutsble lo Ihe cliarity's ¢oiiii)Iiancc ivitli canstitutional and siatuloi), IEquirenients, inLluding audit, sli?tegic nianagenieni and ti'uslees." Ine¢iings aiid Itimbui'sed expenses. T#xatioll The chai'ity is consideird to Pass the lesis set oiit in Paiagraph I S¢hediilc 6 vf11)e Finance Act 2010 lind IheirfoiE il meets the definilioii of a cliai'iial)le company for UK cortKiYaiion lax puryoses. Accoi'dingly? Ihc charity is poi¢nlially exeiiipl fiom taxation ill iespcct of inLome oi. capilul gairts rtteived M'ithin categories covered by Chapter 3 Pan I I of ilie Coi'poration Tax Act 2010 01. Seclion 25Ci ol. tlie'l axation of Cliai'geablc Gains Act 1992, to Ilie Liieiit Ihai sueh incoiiie oi. gains air applied txclusively to chaittablc pUr)se% Fixed #Ssel iiiweslmeiit% Fixed &bsei iIivestiii¢iit5, tsiliei. Ihan prowainme rclatcd invt4ments, are ineluded at market value at ihe balance sheei date. Realised gaiiis aiid lo%sc% on investinenls aTe calculated as Ilie dit'fei'eiice bctween sale5 pr()cccd% and IlieiT market value at the slait ot die yeai., or theii. subsequeni c05t, and al'e cliaiged or ci'cdii¢d tth th£ Statemenl of Financial A¢tivilie5 the pei.0d uf disposal. Unrealised gains and Ios5cs repioqent the movement in niarkei values dui'ing the year and arc Greditcd or charged to thc Statement ot Financial Aclivities based on the iiiarkel value at tlie yeai. end. Page 13
Notey to tlie Fiiiancial Statenients for tlie Year It nded 31 Deeember 2023 'I'rAdt debtors -l-radc del)lors arc aiiiounis due froin ¢usioineiB foi. iiiei'diandise sold oi. sei'vices pei'foimed in the oi'dinaiy Gourse of businc55. Ti'ade debtors r¢cogiii8ed initially at th¢ (ranello pi'ice. They are subsequeiiily Jneasuied ai diiiorlistd cosi usinE tlic effc¢tive In1.¢S1 mcthod, less provision for iinpaii'ment. A pi'ovision for the impaii'ineiil of trade dtbiors is csiablislied ivhen Ilieir is objeciivL evidence thai ilie charity i¥ill Iiot be able to Collect all amoun¢S due accoi'ding to the original tci'iiis ol-lhe i-eceivables. C•$h AILd equivalent5 Cash cash eouivalertis coiiiprise Casli on hand and call dei30%ilS, and other 5110rt-teriii highly liquid investmenis tlial are Iradily convei'tible to a knoivn aniount ot-ca%li and a1E.%ubjcct to an insigtjificanl risk ofchange in Vdlue. Borroiviiigs Inlerest-beai'ing boi'rowiiig5 ait iniiially recoi'dcd at fair i'aluc, nct of li'ansaction costs. Interest-beai'ins boiix)ivings IE siibseqiicntly cari'icd 41 aii)oiti%ed cost, il'ith the difference belw¢en the proceed5, net t)f ti?nsaclion costs, aiid the ainouni due on Irdempiioii being reto£ttised as a cliarge to Ilie Slalen)ent ot Finartcial Aetivilies over the period of Ihe i'elevdnl boi'ix)wing. Interc%i expcn%e is recognised on the basis of tlie effeclive inie¥esi method and is included in inleiesi payable aiid 8imilar ch#iEes. BoriY)wings are cla$$ificd as cunrnt liabilities unlcss the Charity has an unconditional righi 10 defer 5ettlemeni of'ihc liability for at le&8t iwclve Inonihs aftei. tlie reporting date. "'uiid sti'uttui'e Iliire£ti'icied inconic tunds are general funds thai aiE available for use at Ilie Ii'iistees. disci'etion in furiliei'ance of the objeciives of the chAI'Sty. Designated tunds are unre%tricicd funds set aside for specifi¢ purp)ses at the discretion of ihe liSteeS. Restricted income lunds al'e Iliose donated toi. use in a parlTrcular arca OF toi. specific purposes, the use of which is restricted to that aira ar purpose. Fiiiarttial instrumtiits ClussifRciicIoii Financial &e[S and firtancial liabililies are IEco2nised when the tliarity becom¢5 a party 10 ihc contilclual Financial liabilitics and cquity insirunienls are classified accoi'ding lu Ihe sllbsiance ofthe contraciual anxngernenis cnlci'ed into. An equily illsii'umeni is ally coniTact iliai evideiices a iesidual iniei'esi ID the as%els of. Ilie charity after Page 14
Notey to the Financial Statenients for tlie Year Ended 31 Deceniber 2023 A¢erogiiillOlI rtiiil iiiea511reiiiEiil All linancial sets and liabiliiies ure initially lilgUi.ed al transaction pi'iee lincliiding tiwllsaction coslsl, except fo. (which is nonnall}' the [rallCtIon price excluding tTansaction cosls), unless ihe ari'angeiiieiit coiistitules a fiiiancing
i the pi'eseiit value ot the fuiure payiiienls discoui?led at a iiiai'kcl rate ot intc1t for a.qimilar dcbt insts'umenl.
F.'iiiaiicial and liabilitie% are only offset in the statemeJ)t of fiiiartcial posilion when, and only ivlien Ilierc exists a legalls, cnfoi'ceable riglit to sel off ihe recognised amountE and Ihe cliarity intends either to settlc on a rtet basis, or to realise tli¢ asset ld seitle tlie liability siniultaneoLisIy. I".incln¢i21 air dtr¢¢ogni.qed wlicn #nd onl), M,hen a) tlie LonliaLlual i'ighis to tli¢ Cdsh nows fi'oin tlie firtancial &8%et cxpire OT are seiiled, bl Ilit ¢liaisly Iranstei's to aiioilier pai'ly sub51aiilially 211 ot rlie risks and IEivaiQs of ownei'sliip of Ilie linancial asset, 01- c) the charily, deipiie having Irtained som4 but not all, signitjcanl I'isk5 and rewards ofoHrnci'ship, lia% transfci'ted control oftlie assct to anothei- p8rty. Financial liabilities alE deircognised only when tlie obligalion specified in the contraci 15 discharged, cancclled oi. expiit5. Jiivesliiieiiis Inveslrncnls in non-converlible prefcren¢e sharas and non-puitsble oi'dinary oi. preferencE shal'es (wheir shares avc puhlicly iiaded OF Ilieiy fail. value is ieliably Ineasurablel Ji'e measuird ai fair valuc 11)i'ouBli pi'ofil or loss. Wlicir taiy value C<tnnoi be measuird reliably J inieestmenls al'e ne1rd at cost le%s inipairineni. Invtslments in subsidiai'ie% and a55ociates are measured #i cost less iiiipaii'iiient. Foi. investments in $ub%idiaiie5 acquiird for ¢onsidei2tion including ilie issiie of sliar¢s glilityln2 for niergei. i-eliel-. c(k%l 15 nic4%uitd b), rcfcrcnce to the nominal value of di¢ shaits issued plus fair value of other consideixiion. Any prctnium is iEnoiEd. Tlie cliai'ily uses derivalive tinancial instrvmenLs 10 Irduee expo8ure lo foreigii exchatige risk and iniertst rate movemen18. 1-lie charity does not huld oi. issue derivative linancial instruinents tor speculative purposes. Derivaiives are initially retognised al fair value at the datc a deyivaiive contract is enteved inio and are subsequently I'e-mea%ui'ed to th¢ii' fair i'aluc at eacli reporting dat¢. The i'esuliing gain oi. loss is Ircognis¢d in sialetnent of financial a¢tiviiies inimediaiely uiiless the deriv2live is designated aiid ellcclive a% a hcdging in.%lYuiiienl, ill ivlii¢h event Ihe tiiiiing vf the I'eLognition in %laieinenl of fiiiaiicial activities dcpends on the naiure cf Ihe he(ige 'I'lit best evidencc of fair valuc is a quoted pi'ice fui. 41i ideiiiiLal asset in an active Inarket. When quoicd prices ai unavailable, the pi'ice ol- a Te¢ent Iransaction loi, an ideniical asset pirJvidc8 ei'idence of fair value as long #s there has noi been a significanl didnge in ecoiiomic circum%tances oi. a significani lapsc of tiiiie since the lin¢110Th look place. If Ihe mai'k¢t is nol acliille and irc¢DI transaction5 of an idetttical asset on iheir olvn al'e nul a good esliinate ot- fair valuc, the f&iY ijaluc is cstimated by using a valuation iechnique. Page15
Notes to tlie fiiiiancial Statenlents for the Year fi iided 31 Dccembei. 2023 2 Inconie fi'thiii doDatioiJs ftiid legRei¢s Uni'esti'icleil funds TotAI 2023 'rotpl 2022 De$lgll#ted Ce]hei#l Rtstrictc(J furtd$ Donaiions and legacies., Donations I'roni individuals LegJ¢ies Grants, including capital gi'ants., Gi'ants froiii oiher charities 80 27,319 9,370 38,340 36.769 38,340 61,129 200 3 Intotiie fi'oni chai'itable activilies Uni'esti'icted ttds 'rotal 2023 Total 20Z2 General R¢strltted funds Othei. 902 602 4 Itjtome fiy>iii oth¢i' trAdiiig activitits Unre5ti'i¢¢td funds T(btAI 2023 De51EILI)ted G¢nei'AI Resti'icted lid$ 2022 Evenis income., rundraising events Premis&s hire 4,257 1,109 5.498 4,100 10,459 132 Page 16
Note8 to the Financial Stateiiiemts for the Year Lnded 31 December 2023 UtLre5ti'i£ted funds TotAI 2023 I'otAI 2022 Desigiiated Rtsti'iete(I fudS Invtstnicnt in¢ome,' Dividends Flanli inltrest 1,987 33 2,020 1.987 49 2,036 1.971 12 16 16 6 Expenditui'e oji rAising funds TotAI 2023 Total 2022 Dli'ect t05ts m£1 Centi Afghanisian women 220 40 220 40 ?60 275 275 7 Expeiiditllve oil tliai'itable activities Uni'esti'ict¢d futhds TorAI 202J Tutal 2022 Desigijated Ceiiei'*l Restricted funds PIM)moting the Chi'istian 33,699 2,889 36,588 42,449 Mead Cenlrt constiuction projeet M¢ad Cenii'e Ltsmmunily hiib 20? 28,126 28,328 131,593 267 34,168 40,884 105800 6.182 180224 41,597 Activity undertaliett irectly GrAnt full(liThg of Aetivify suppoi Atlivity Total 2023 Total 2022 Piomoiing the Chi'islian 34,828 1,509 251 36,588 42,449 Mcad Ccnlrc consiiuction project Mead Centre coniiiiunity hub 2R,126 202 28,328 131,593 225 1.734 100.076 180,224 Page 17
Note5 to tlie FinAllcial Statements for the Year Ended 31 December 2023 8 Aii&lysi8 of govern#iJ¢t and suppot't C05¢s Charit#l)le Activities expend1tre Unresti'lcted (uiid5 TotAI 2023 Total 2022 Gehei*l Resti'itled fuRiils Wages and salaries {Me8d Centre admini%li'atoi') Independeni axaminer's let 3,270 3.270 720 3.990 720 720 9 Ti'ustees i'eiiiunevatioii aiid exptnses No Irusiees, nor any p¢rsons connected iviili Iliem, liave I'eceived any 7mne1atIon fiDm the charily during tlie year. No tIV51¢CS have i'cce&ved any reimbiirsed expenses ti'oiii tlie chai'ity dui'ing the year. DO[lE0nS made by the Irustccs withaut any eonditions atta¢lied totalled £15,242 for the yeai'12022- £17,058). 10 Stuff eosts The aggregate payToII cosis iveie as follows.. 2023 Staff cost5 duj'ing tht yeAr ivei'e: Wages and salai'its 3,270 The niontlily average nuniber of peisons (including senior maiiagemcni team) etnployed by tlie charity dui.ing the year expi'e55ed as full tiine equiv&lenls was 8$ follow's.. 2023 No CollÉribution8 10 the employee pension schemes for the yeai. toialled £Nil12022- £Nill. ND empli)yec received emolumenls of mol'e tlian £60,000 dui'ing the yeai. P>J£e 18
Notes to the Financial Slateiiients for the Yeai. Liided 31 Deecniber 2023 I Indeptiideiit exalliillej 5 venLuverJLtioii 2n23 2022 other fees to exaiyiiiitrs Exaininalionll8Ied assul'ante scrnllices 720 1.642 12 T4xAtlon 'I'he Ghai'ity is a r¢gisteiEd ehai'ity and is Iherefoi'e exempi fi'oin laxotion. 13 Fixed Asset iihvt.sti)ieiit8 2023 2022 Otlier invesiments 'rhe fail. Iraluc gain reco£nised the slen1¢ni of Financial Activiiies in the period is £6,212 (2022.. £8,972 Ios5) 14 Debtoi. 2023 2022 PIEpaynienls Otlier dcbtoi's 2,442 774 4,216 4,855 15 Creditors: Amounts falllng de within one yeai. 2023 2022 Other loans Othey ClEdiiors AcLI'uals 12,000 180 12,000 950 16 Creditor5: aiiiourtts falliiig due glter one y¢gr 2023 2022 Other loans 4(),O(K> ot.lhc amouni 8hown above, £Nil120?2'. £10:000) is repayable iii mole than five ycai's by M'ay of inslalments. Page 19
Notes to tlhe r(inanLi81 .St2tements for tlie Year F,nded 31 December 2023 17 Fuiids Otlier J'ecugiiised BAIAiice at I January 2023 Intomliig Yesources Resourcrs ¢xpciided Ti'a115fers UMI'tstJ'lcte(I funds Cieneral 16,081 39,010 134,1671 1,321 Designated £30 2)6 ...1485 1164) I'otal urhrestricttd fuilds 20,187 78,095 164,4231 Restricted futhd$ 41,63?_ 164 6,212 I'olal lujjds 142.019 106,060 6,212 Balaiice at 31 DeceJiib¢r 2023 UILr¢stri¢ttd General 22,245 Designated Tot•1 llnx'estJ'icte(I lunds 33,695 Resti'icted funds Total fuiids 144,013 Otknei. rr¢ogiil*td g¥irtslllosses1 BalAnce at I JanuRry 2022 Resourfes exptndcd tsourtes Ti'allsfet'5 Urtrestricted fund% Gcn¢i-dl 15.252 39,959 139,0281 1102) Designated Tot81 unrestrlcted fuud5 115,252} 45,154 7,024 Re5tk'i£ted fund$ 100729 118,219 135,-3451 18,972) Tot#1 fuii(Is 175,332 Pdue 20
Notes to thL fiinaDeial Slalements (or the Ye%r Ended 31 December 2023 B*l2iiee #t 31 Deceittl)ti' 2022 Uiii'tsti'itted funds General 16,081 De5igJated Tothl Uihresti'i¢te(I funds 120,187) Restvltted flind$ 81,655 Total fuiids 101842 The specifjc purposes foi. which the funds are to be applied ar¢ as follows.. Unresti'ieted funds, cotnpi'ising the Genei•l Fund and Ilie Manse Fund, air ta be used at the twstee$' di5cr¢lion in turihci?iice ofthe cliai'ity'5 objectives. Ihe iinresti'icted d&%ignated fund Comprises all in¢ome and costs asgocialcd %Yith i'UArting the Mead Centi'e. Resti'icled funds include tive distinct funds= L4uildino ReseTve- Maintenatlce of the church buildings Mead Cenire Consiiweiion Fund- Dtl'elopment of the Mead Cenli"e Mead Ctntve Cominunity Hub - Income from giaD15, futtdi?ising e¥'ertis and room hi]t 10 fund Ihe ¢osi of an cmployee and to suppoit various comniujiily pityjceis. Visgcher fund- Malclied lunding for maintenance of the cliureli building5 Spe¢&al Collections Flind- Money eollecied on haIr of othci. ch81'iiies and D'ganISa[1Ons Pag¢21
N(Jtes to the Financial Statemejits for the Year li nded 31 Deceniber 2023 18 Analysis ol iiet Ilssets bttiveeii lunds General Desigiiated R¢$trltted funds Total fumds Fixed Sel invesiinents Curi'¢nl asscts Current liabiliiies Ci'ediiors over l ytay 69,460 69,460 139.589 119,036) 46,000). 23.865 11,620) 13,605 {2.1551 .1 otal nci assets 144013 Ujii'estricled funds Total fujids at 31 De5iXllgted Reslrltted fuJJds Deteiiibtr 2022 Gtiieral Fixed assel investinen15 Cui'i'ent assct5 63,248 88,457 112,0501 63,24¥ 509,544 {12.9501 16,981 I0) 4,106 Credi101s ove¥ l ye&i' 'I'othl net aetS 101.842 19 Rel%ted party trAn%a¢tihns DIiTlrtE ilie >eai' tht charily maile the lollowing i'clated pty tl'Ansa¢tions'. Tlie United Reformcd Cliurelh Tyust During 2Q21 the ¢hai'ily Irc¢ived an unsecured loaii of £75,000 fiN)In The United Refollned Cliuith Ti'ust. Tlie loan includes a Tepayment holiday of 12 mondis and is thtn repayable via inonthly instaInien ovei. 7 yeais. Rcpayments M'eit made from All8usI 2022. Iniei'e5t is thaiEed on a quarlcrly basis using the CCLA Cliai'iiics Deposit Fund d¢pn51t rate, varied on l January eacli year. Newpoit Pagiiell United Refoimed C.huirh can repay the entirety of the oulsl8nding balance at any point withoui inciiri'ing any penalty charges oi. addiiiotial intei'est. At the balanLe s]ieet date, Ihe 2mount due lo Tlie United Rcfoi'med Chuirh Tlwi u'2s £6Q,810 (2022- £70,000). Page 22
Detailed Statenient of Financial Aetivities for tlie Yeai. Ei Iided 31 Deceinbei. 2023 2023 2023 lJnrtstrieted fui)d5 Restricled futLd$ Totxl 2022 Donalivns artd legacies lanalysed below) Cliariiable activities lan8lyscd below) Oth¢i- Irading activilies lanals'sed below) Inve51meiii incoiiie lanalysed below) 32,199 1,032 44,848 60,870 902 132 142.586 602 30.161 1.983 1,934 44,980 'rntal income 63.924 142019 175332 Expeii(Ibture oil: Raising fund5 laiialysed belo,) Chari¢ablc activities {analysed below) 12201 64,203 (40) 41,597 (2601 105,800 12751 180 2241 Toial expeiidilUIE 106 0601 180 4991 Nel incoinel(e¥penditurel GiY)ss ti?nsfeis betiveen funds {analysed below) Other recoxiiised ajjd losses Gaiiis/losses oil revalualioii offixtd assets foi. charity's own iise (analYed btlowl 13.672 22,787 35,959 15,167) {164) 164 Net niovement in funds 28,663 42,171 'I'olal funds brought foNai 101 842 Toial fut]d¥ cai'i"ied foi'ward 33,695 144,013 101,842 ljage 23
Detailed StAteiiient of Fiiiancial Activities for the Yeui. Ended 31 December 2023 2023 2023 fujids Unr¢stricled Desigiiated Rtsti'ieted fuiid TotAI 2022 Doiiolioiis niidlegftcies Donation% and legacies Grants, including Capit11 gi'ants 80 27,399 47,710 75,109 61,129 13.160 60,870 4,680 32,199 142 586 2023 2023 Uni'esti'ieted fuiids Total 2022 Rtsti'icted fund5 'rtstal Cliuiiléible dclivilies Premisc8 hire Other iD¢ome 902 902 602 602 902 1,9.14 2023 2023 Unrestricted fuii(ls TotAI 2022 Restricted fuiids TotAI Oiher liftdlijg llciivilleF 'ven15 inconie Hire inconic 5,366 132 5,498 4,100 132 2023 2023 Tot#1 2022 R¢strleted fuijds Tot#1 Incoiiie fi'oiii dividend Inlertsl Irceivable and similar income 1,987 33 2.020 1.987 49 12 1,983 Page 24
Detail£d StAtemenl of Finallcial Activities for the Year Ended 31 Decenibei. 2023 2023 2013 Uni'tstrieted Re5trieted fuijds fuiids TotAI 2022 Total Ruisliigfl1¢l.% Fuildi'aising costs Mcad Centre 220 40 260 275 220 40 260 275 2023 2023 Uni'estvi¢ted furbds Uiirestrieted Reslricted funds funds Tot*1 2022 De51Ell&ted General Totxl Cliuiiliible ncilijilies IJRC Ministry and Mission Equipjnent puithases Ministi), Costs MinisieK's removal CL)SIS 20.592 32 1,099 20,592 651 20,592 2,253 2,047 19,992 25,581 813 619 67J 1,602 275 1,772 {1,5441 Gi'ani8 payable 50 44 50 1,430 105 3.270 1.480 149 Grdnls pa)'able Wag¢s and salarics Rats 44 2,77) 13,987 441 870 2,903 3,216 14,857 3,216 19,857 2,903 5.000 9,)62 4,335 Insui'ance Pagc 25
Detailed Statcinent uf Financial Activities for the YeAI' Ended 31 December 2023 2023 2023 Urit'estricted fuikd5 Unre%ti'ictcd Re%tritted fuvds fullds Total 2022 DesTgDa¢ed Gemenil Total Mead Ccnlre repaii and maintenance Repairs and Inainienaiice Me2d Ccntre build costs 5,873 5.873 5,873 342 2,104 2.104 1,745 3,849 5.265 17,904 17,904 2,638 960 1,459 6,358 296 98,584 2,729 356 Telephone and tax .iccnc¢s and tees Sundi'y expense Cleaning Ti3vel and subsistence Advei'tising Mcad C.eiilre ollier fec% Mead CeniTe legal and professional lees Oihcr l¢g81 and professional tees Straff training L.oan initrest Independent exaininer's tee 827 2,638 960 738 6,358 296 486 614 3.871 474 124 2,487 296 721 6,533 1,475 50 6.000 6,000 966 96 96 120 431 1.120 2.760 2,760 50 720 34,167 720 64.203 720 105,800 30.036 180224 Pagc 26
Detailed Statement ul. Fiii#nLial Activities for the Yeai. fi,nded 31 December 2023 2023 2023 Uni'estrict¢d futids Unveftricted Restricted ruiids fund5 Totkl 2022 Dt5j¥l*Ated cer81 Total Gross Irffiisfers behveeiifiiiid Fuiids- Transfer frromlllol anotlier tund 1641 164 2023 2023 TotAI 2022 Resti'leted funi15 Total Gain&qos.fes on revuliiuiloji olfL¥edllss'ets Jor clirtrity's oi¥ii se IGain)IlJ%s on inve81Menl% 6,212 6,212 Page 27