Annual Report and Financial Statements for Park United Reformed Church Registered Charity Number: 1196199
For the year ended 31 December 2022
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2022
Aims and purpose
Park United Reformed Church Elders have the responsibility of cooperating with the Minister, in promoting the whole Christian mission of the Church, pastoral, evangelistic, social and ecumenical. The Elders also have specific responsibility for the maintenance of the Church buildings.
Objectives and activities
The Elders are committed to enabling as many people as possible to worship at our church and become part of our community. The Elders maintain an overview of the worship throughout the year and make suggestions on how services can involve many groups that live within the area. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, we consider the guidance on public benefit and, in particular, we try to enable ordinary people to live out their faith in Jesus Christ as part of our community through:-
-
Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
-
Provision of pastoral care for people living in the area
-
Missionary and outreach work
To facilitate this work, it is important that we maintain the fabric of the Church and Halls complex at Park.
Achievements and performance Worship and Prayer
The Elders are keen to offer a range of services over the course of the year that our community find both beneficial and spiritually fulfilling. For example, Ignite services, on Sunday evenings, offer a more relaxed form of worship which is tailored to the many University students living in the area. Also, Healing and Wholeness services offer a more reflective, intimate and quiet environment for worship. Messy Church also offers a different style of worship which includes a meal. This service is particularly attractive to children and families.
All are welcome to attend our regular services. At the end of 2022 there were 100 Church members and 47 Adherents. 2 adherents became Church Members during the year and 2 names were added to the list of adherents. 1 Church Member was removed by transfer to another church. The average weekly attendance from January - December 2022 was 70 for morning worship (15 of whom were joining online) and 11 for evening services (1 online) As well as our regular services, we enable our community to celebrate and thank God at the important milestones of the journey through life. Through baptism/dedication we thank God for the gift of life; in marriage, public vows are exchanged with God’s blessing; and through funeral services, friends and family express their grief and give thanks for the life which is now complete in this world before commending the person into God’s keeping. This year we have celebrated 3 baptisms/dedications, but no funerals and no weddings.
During 2022 we emerged further from the Covid-19 pandemic and were able to resume a monthly pattern of services at Lakeside Care Home. These services are an important part of our mission and outreach, and the residents appreciate meeting with us and sharing worship together.
In January at the first Communion service of the year we welcomed and inducted new Church Secretaries and commissioned four Serving Elders, one of whom was inducted for the first time. We thank all our Elders for their continued support and work for the church.
Wessex Synod
2 of our members sit on the Synod and 2 are members of sub-groups within the Synod, 1 member of the Pastoral committee
Page 1 of 14
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2022 (continued)
The Church Buildings and activity
Our church buildings are a resource for all and are open throughout the week for regular use by individuals and groups from the local community. Although some hirers have not returned following the pandemic, we currently still have 3 other churches worshipping on our premises together with over 30 community groups. The groups offer a diverse range of activities, including Toddler Group, Uniformed Organisations, Choirs, Keep Fit, Counselling, NCT groups, Recovering Drug Addict support group to name just a few. Each week the building is used by hundreds of people.
Following the Covid 19 pandemic a positive development has been the development of an online access to our worship services. We have continued to use Zoom as part of a regular pattern of hybrid worship, enabling housebound members and some who live a distance away from the area to continue to participate. Weekly prayer meetings continue, mostly online, and monthly committee meetings and Church Meetings have been following the hybrid pattern with a Zoom option. In this way we can maintain contact with the vast majority of our congregation, with Elders taking responsibility for reaching out to any who find attendance in person difficult but who don't have or prefer not to use online technology.
More community groups have returned to our halls for their meetings and activities during recent months, and the Church Office has continued to prove an invaluable space from which our Centre Manager can coordinate the weekly programme of events. Members and others from the community have continued to appreciate the range of activities that are on offer, including Friendship Club, Badminton Club, Toddlers Group, and groups for children and young people. Away from the church premises the First Friday Footpath group has continued to offer a monthly opportunity to exercise in the open air with a series of country walks in the local area, suitable and enjoyable for all.
Through our Lent Study course and ongoing series of house group discussions, many of our members have been enabled to consider ways of developing their faith and their response to the challenges of living a truly Christian life in today’s world.
Minister
Our minister, Rev Stephen Ansa-Addo, has continued to share his time between Park and Hungerford URC’s. We have all continued to benefit from an association with another very different church community. Stephen has challenged us; his leadership is proving invaluable and under his guidance Elders and members alike can look forward to the future with optimism. Notably we are currently exploring options for the appointment of a Youth Worker to develop our work amongst young people, and have also begun discussions towards aligning the church with the local Warm Welcome initiative. As a result, we anticipate that Park URC will be in a position to reach out even more effectively to the community around us.
Pastoral Care
Pastoral care has continued to feature prominently in our church life. Elders have maintained a pattern of regular contact with members, either through visiting or by phone or email, to check that everyone is keeping well, physically, mentally and spiritually. In addition, discussions are continuing to develop the pastoral network to ensure that all concerns and needs are met as effectively as possible. �
Page 2 of 14
Annual Report for the year ended 31 December 2022 (continued)
Mission and evangelism
Helping those in need is a demonstration of our faith. This year Park Church donated £1950 to three charities at Christmas. We gave £650 each to the Disasters Emergency Committee, the Trussell Trust and the local Christian Community Action charity. Several of our members volunteer with Reinspired, a project that reaches out to local schools through the delivery of Christian aspects of the RE curriculum. Ecumenical Relationships�
Ecumenical Relationships
Park URC is a member of Churches Together in Earley and East Reading (CTEER). When possible, we participate in the East Reading Festival and join with other churches for events and special services such as Easter and the Walk of Witness on Good Friday
Financial Review of the Year
The church has seen a slow but steady return to life following the Pandemic with community groups returning and church worship and activities returning to prepandemic levels
For 2022 the total income was £141,170 of which £2,916 was restricted income. £12,729 was received in unrestricted Gift Aid recovery. Income from renting out the halls and the church totalled £59,091 compared to £39,044 in 2021
The sum of £39,375 (£38,604 in 2021) was spent of unrestricted funds on Mission and Ministry. This largely provides for stipends, training and housing for Ministers. The sum of £37,352 was spent on church/halls operating costs and maintenance. This does not represent the total expenditure for the year.
Planned giving through standing orders has remained stable and collections at services increased slightly. Total income including tax recovered also increased slightly.
The net result for the year was a surplus of £31,206.
Reserves Policy
The Elders have reviewed the Reserves during the year and have allocated a sum of £30,000 towards Mission Work and £30,000 towards Building work. It was also agreed that a reserve equalling three months of unrestricted payments is retained to smooth out fluctuations in cash flow to meet emergencies and this is shown in the Contingency Fund.
Volunteers
The church is a body of volunteers supported by a Centre Manager, and an administrator (post vacant in 2021). It could not survive without the dedicated work of members who work tirelessly to support new initiatives and maintain regular worship opportunities.
Structure, governance and management
Park United Reformed Church registered with the Charity Commission on 19th October 2021. Its registered number is 1196199.
The method of appointment of Elders is set out in Park’s Constitution. At Park the Elders consist of the Minister, the Church Secretary, Assistant Secretary, Treasurer and Elders elected by church members. All members are entitled to be nominated for election.
The Elders Board meets 10 times a year. Given its wide responsibilities, responsibility for Finance and maintenance is devolved to a sub-committee (Finance and General Purposes) which is made up of a small group of Elders and Members. This committee recommends action but has no delegated powers other than routine maintenance issues.
The Elders in turn recommend actions to the Members at Church meetings which are held 6 times a year. All Church Members are entitled to vote at these meetings.
Page 3 of 14
Annual Report for the year ended 31 December 2022 (continued)
Administrative Information
Park United Reformed Church is situated on the corner of Palmer Park Avenue and Wokingham Road. It is within the Wessex Synod of the United Reformed Church. The correspondence address is Park URC, Palmer Park Avenue, Wokingham Road, Reading, RG61DN. The serving elders are the charitable trustees.
Trustees
Elders who have served at any time from 1st January 2022 until May 2023 are:
| Name | Position | Term | |
|---|---|---|---|
| Start | End | ||
| Simon & Jenny King | Joint Church Secretaries | Jan-22 | |
| Carrie King | Assistant Church Secretary | Jan-22 | |
| Enala Bhebhe | Elder | Jan-21 | May-24 |
| Charlotte Blackburn | Elder | Jan-21 | May-24 |
| Alan Holmes | Elder | Jan-18 | May-24 |
| Henry Enang | Elder | Jan-22 | May-25 |
| Rod King | Elder | Jan-22 | May-25 |
| Judith Enang | Elder | Jan-18 | May-24 |
| Zie Bhebhe | Elder | Jan-22 | May-25 |
| Elizabeth Knox | Elder | Jan-18 | May-24 |
| Alistair Knox | Elder | Jan-20 | May-23 |
| Chris Gayford | Elder | Jan-19 | May-25 |
| Ex Officio members | |||
| Rev'd Stephen Ansa-Addo | Minister | Sep-20 | |
| Yvette Gayford | Treasurer | Jan-18 |
Simon King Church Secretary Date: 1st May 2023
Page 4 of 14
PARK UNITED REFORMED CHURCH
Statement of Financial Activities (SOFA) for the year ended 31st December 2022
| All figures in £ Note Income and Endowments from: Donations and Legacies A1 Charitable Activities A2 Other Trading Activities A3 Investments A4 Other income A5 Total Income and Endowments Expenditure on: Raising Funds B1 Charitable Activities B2 Other Total Expenditure Net Gains/(Losses) on Investments Net Income/(Expenditure) Transfers between Funds Net Movement in Funds Reconciliation of Funds: Total Funds brought forward Total Funds carried forward |
Unrestricted Funds Restricted Funds Total 52,032 2,794 54,826 - 20 20 60,868 - 60,868 100 2 102 25,254 100 25,354 138,254 2,916 141,170 141 - 141 109,613 210 109,823 - - - 109,754 210 109,964 - - - 28,500 2,706 31,206 1,570 (1,570) - 30,070 1,136 31,206 172,365 3,926 176,291 202,435 5,062 207,497 2022 |
2021 |
|---|---|---|
| Total | ||
| 68,980 17 40,082 7 39,704 |
||
| 148,790 - 97,843 1,215 |
||
| 99,058 | ||
| 49,732 | ||
| - | ||
| 49,732 | ||
| 125,344 175,076 |
w The statement of financial activities includes all gains and losses recognised in the year.
w All income and expenditure derives from continuing activities.
w See Note G3 for the comparative SOFA
Page 5 of 14
PARK UNITED REFORMED CHURCH
Balance Sheet as at 31st December 2022
| All figures in £ Note Fixed Assets: Tangible Assets C1 Total Fixed Assets Current Assets: Debtors D1 Cash at Bank and in Hand D2 Total Current Assets Liabilities: Creditors: Amounts falling due within a year E1 Net Current Assets or Liabilities Total Assets less Current Liabilities Creditors: Amounts falling due after one year E2 Total Net Assets or Liabilities The Funds of the Charity: Unrestricted Funds F1 Restricted Income Funds F2 Total Charity Funds |
Unrestricted Funds Restricted Funds Total 19,192 - 19,192 19,192 - 19,192 18,199 400 18,599 167,394 4,908 172,302 185,593 5,308 190,901 2,350 246 2,596 183,243 5,062 188,305 202,435 5,062 207,497 - - - 202,435 5,062 207,497 202,435 5,062 207,497 0 2022 |
2021 |
|---|---|---|
| Total | ||
| 19,192 - |
22,131 | |
| 19,192 - 18,199 400 167,394 4,908 |
22,131 11,906 144,366 |
|
| 185,593 5,308 2,350 246 183,243 5,062 202,435 5,062 - - |
156,272 2,112 154,160 176,291 - |
|
| 202,435 5,062 |
176,291 | |
| 172,365 3,926 |
||
| 176,291 | ||
| - |
Approved by the Elders on 10th May 2023
Name 1 Alistair Knox
Name 2 Simon King
Page 6 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022
1. Accounting Policies
1.01. Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 2019; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The Elders consider that there are no material uncertainties about the church's ability to continue as a going concern.
1.02. Funds structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. The main restricted fund is the Kitchen Fund.
Unrestricted income funds comprise those funds which the Elders are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Elders, at their discretion, have created a fund for a specific purpose.
Further details of each fund are disclosed in notes F1 to F3.
1.03. Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received.
Legacies are accounted for when the church is legally entitled to the amounts due. Entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when receivable.
All other income is recognised when it is receivable. All income is accounted for gross.
Page 7 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
1.05. Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
Ministry and Mission contributions are accounted for when due to be paid.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the church. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining
1.06. Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
1.07. Costs of raising funds
The costs of raising funds include any direct costs attributable to fundraising events or fundraising activities.
1.08. Charitable activities
Charitable activities include the cost of the Ministry and Mission contributions, staffing the church Office, maintaining and heating the church and the halls and providing church services.
1.09. Tangible fixed assets and depreciation
The church and halls buildings are owned by the Wessex Trust and are therefore excluded from these accounts.
All assets costing more than £1,000 are capitalised and valued at historical cost.
Depreciation is charged on assets on a straight-line basis over their estimated useful life as follows: o Furniture, fixtures & fittings: 10 years
o Equipment: 5 Years
1.10. Pensions
The charity participates in a defined contribution pensions scheme. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Page 8 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
| A1: Donations & Legacies All figures in £ Income from Standing Orders Donations to the Plate Other Donations Special Appeals Grant from Synod Legacies Gift Aid Recovered Total Income from Donations & Legacies A2: Charitable Activities All figures in £ Wedding/funeral Fees Magazine income Miscellaneous Total Income from Charitable Activities A3: Other Trading Activities All figures in £ Fundraising Events and activities Income from Renting the Hall and Church Photocopier income Total Income from Other Trading Activities A4: Investments All figures in £ Bank Interest Total Income from Investments A5: Other Income All figures in £ Feed in tariff / RHI payments Grants receivable Insurance claim Total Other Income |
Unrestricted Funds Restricted Funds Total 35,042 - 35,042 2,817 2,817 1,444 - 1,444 - 2,394 2,394 - - - - 12,729 400 13,129 52,032 2,794 54,826 Unrestricted Funds Restricted Funds Total - - - - 20 20 - - - - 20 20 Unrestricted Funds Restricted Funds Total 1,616 - 1,616 59,091 - 59,091 161 - 161 60,868 - 60,868 Unrestricted Funds Restricted Funds Total 100 2 102 100 2 102 Unrestricted Funds Restricted Funds Total 14,206 - 14,206 - 100 100 11,048 - 11,048 25,254 100 25,354 2022 2022 2022 2022 2022 |
2021 |
|---|---|---|
| Total | ||
| 35,110 1,736 2,000 - 12,887 6,000 11,247 |
||
| 68,980 | ||
| 2021 | ||
| Total | ||
| - 17 |
||
| 17 | ||
| 2021 | ||
| Total | ||
| 1,038 39,044 - |
||
| 40,082 | ||
| 2021 | ||
| Total | ||
| 7 | ||
| 7 | ||
| 2021 | ||
| Total | ||
| 11,698 7,266 20,740 |
||
| 39,704 |
Page 9 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
| B1: Raising Funds All figures in £ Events Other Total Expenditure on Raising Funds B2: Charitable Activities All figures in £ M&M contributions Staffing Costs Minister's expenses Training costs and travel expenses Pulpit supply Manse costs Church & Hall Running Costs Depreciation Cleaning Utilities Wood pellets Gardening costs Repairs and maintenance Major projects Equipment servicing Consumable items Other Church & Hall Expenditure Total Administrative costs Bank Charges Software costs Insurance Photocopier Other office costs Telephone & internet Administrative Costs Total Subtotal carried forward |
Unrestricted Funds Restricted Funds Total - - 141 - 141 141 - 141 Unrestricted Funds Restricted Funds Total 39,375 - 39,375 11,437 210 11,647 155 - 155 624 - 624 225 225 3,133 3,133 2,939 - 2,939 11,076 - 11,076 5,853 - 5,853 9,240 - 9,240 259 259 6,489 - 6,489 - - 827 - 827 584 - 584 85 - 85 37,352 - 37,352 - - - 454 - 454 4,068 - 4,068 1,988 - 1,988 1,009 - 1,009 1,810 - 1,810 - - - 9,329 - 9,329 101,630 210 101,840 2022 2022 |
2021 |
|---|---|---|
| Total | ||
| - | ||
| - | ||
| 2021 | ||
| Total | ||
| 38,604 11,777 28 327 130 3,153 2,657 8,957 4,460 5,867 245 4,008 0 3,230 452 367 |
||
| 30,243 - 461 4,323 1,836 1,750 654 |
||
| 9,024 93,286 |
Page 10 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
| B2: Charitable Activities (cont'd) All figures in £ Subtotal brought forward Publicity costs Ministry costs Worship resources Pastoral care Mission Projects Music costs including organ tuning Miscellaneous Church Service Costs Total Grants / Outward Giving B3 Church Groups Independent Examination fee Total Expenditure on Charitable Activities B3: Outward Giving All figures in £ St Mungos Cowshed Water Aid ReInspired Royal County of Berkshire Churches Trust DEC - Ukraine appeal - Park contribution Total Outward giving C1: Tangible Assets |
Unrestricted Funds Restricted Funds Total 101,630 210 101,840 - - - 540 540 244 244 289 289 2,116 2,116 246 - 246 3,435 - 3,435 3,292 - 3,292 776 776 480 480 109,613 210 109,823 Unrestricted Funds Restricted Funds Total 650 650 650 650 650 650 1,200 1,200 15 15 127 127 - - - - - - - 3,292 - 3,292 2022 2022 |
2021 |
|---|---|---|
| Total | ||
| 93,286 - 565 169 - 540 352 |
||
| 1,626 1,539 1,392 - |
||
| 97,843 | ||
| 2021 | ||
| Total | ||
| - - - 1,200 15 |
||
| 1,215 | ||
| Cost At beginning of the year Additions Disposals At the end of the year Depreciation At beginning of the year Disposals Depreciation At the end of the year Net Book Value at beginning of the year Net Book Value at end of the year |
Total £ Fixtures, Fittings and Equipment Freehold Land and Buildings £ £ |
|
| 71,481 - - - - 71,481 - - - |
||
| 71,481 71,481 - |
||
| (49,350) (2,939) (2,939) - - - (49,350) |
||
| (52,289) (52,289) - |
||
| 22,131 - 22,131 |
||
| 19,192 - 19,192 |
| Freehold Land and Buildings |
Fixtures, Fittings and Equipment |
Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| At beginning of the year | - | 71,481 | 71,481 |
| Additions | - | - | - |
| Disposals | - | - | - |
| At the end of the year | - | 71,481 | 71,481 |
| Depreciation | |||
| At beginning of the year | - | (49,350) | (49,350) |
| Disposals | - | ||
| Depreciation | - | (2,939) | (2,939) |
| At the end of the year | - | (52,289) | (52,289) |
| Net Book Value at beginning of the year | - | 22,131 | 22,131 |
| Net Book Value at end of the year | - | 19,192 | 19,192 |
Page 11 of 14
PARK UNITED REFORMED CHURCH
#
Notes to the Accounts for the year ended 31st December 2022 (continued)
| D1: Debtors All figures in £ Prepayments and Accrued Income Gift Aid Claim Prepayments Other Debtors Debtors for hall hire FIT/RHI Other debtors Debtors Total D2: Cash at Bank and in Hand All figures in £ Current accounts Deposit accounts Cash in Hand Cash at Bank and in Hand Total E1: Creditors, Amounts falling due within one year All figures in £ Trade Creditors Taxation and Social Security Other Creditors Special collections Other accruals Deferred income Creditors (within one year) Total Special collection balances Leprosy Other Christmas collection DEC collection Combat Stress SALT collection |
Unrestricted Funds Restricted Funds Total 6,500 400 6,900 3,334 - 3,334 5,230 - 5,230 3,135 - 3,135 - - 18,199 400 18,599 Unrestricted Funds Restricted Funds Total 41,675 246 41,921 125,469 4,662 130,131 250 - 250 167,394 4,908 172,302 Unrestricted Funds Restricted Funds Total - - - 375 - 375 - - 246 246 1,975 - 1,975 - - - 2,350 246 2,596 2022 2022 2022 |
2021 |
|---|---|---|
| Total | ||
| 6,500 - 5,406 |
||
| 11,906 | ||
| 2021 | ||
| Total | ||
| 45,091 99,025 250 |
||
| 144,366 | ||
| 2021 | ||
| Total | ||
| 490 292 1,330 - |
||
| 2,112 | ||
| Opening Balance Income Expenditure Transfers Closing Balance |
||
| 20 (20) - 180 220 (400) - 72 154 226 258 (258) - 65 (65) - 20 20 |
||
| 292 697 (743) - 246 |
Page 12 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
F2: Restricted Income Funds
| All figures in £ Holiday Club F2.1 Organ area refurbishment F2.2 Magazine fund F2.3 Youth work fund F2.4 Covid-19 Assistance Fund F2.5 Total Restricted Income Funds F2.1. Fund for Holiday Clubs F2.2. Fund to refurbish or replace the organ F2.3. Fund for donations for magazine costs |
Opening Balance Income Expenditure Transfers Closing Balance - 100 - (100) - - 2,794 - 2,794 20 210 190 - 2,266 2 2,268 1,660 - - (1,660) - 3,926 2,916 210 (1,570) 5,062 F2.4. Fund for youth work F2.5. Fund for assisting people adversely affected by Covid-19 This was closed during the year and the donors agreed that the balance could be put towards other unspecified church projects. |
|---|---|
F3: Unrestricted Funds
| All figures in £ General Fund Designated Fundraising funds Mission Fund F3.1 Building Fund F3.2 Contingency Fund F3.3 Youth work fund F3.4 Total Designated Funds Total Unrestricted Funds |
Opening Balance Income Expenditure Transfers Closing Balance |
|---|---|
| 169,615 138,254 (109,754) (88,430) 109,685 250 250 30,000 30,000 30,000 30,000 30,000 30,000 2,500 - - 2,500 |
|
| 2,750 - - 90,000 92,750 |
|
| 172,365 138,254 (109,754) 1,570 202,435 |
F3.1 Mission fund: amount put aside by the Elders to fund mission work within the church.
F3.2 Building fund: amount put aside by the Elders to fund building work in the church.
F3.3 Contingency fund: amount put aside by the Elders in case of cashflow problems..
F3.4 Youth work fund: amount put aside by the Elders to fund youth work within the church.
G1: Staffing Costs and Remuneration
| G1: Staffing Costs and Remuneration | |
|---|---|
| All figures in £ Salaries and Wages Employers NI Pension Costs Total Staffing Costs G2.1. The average number of employees in the year was 1 (2021: 1). |
2022 2021 |
| 11,442 11,416 55 247 150 114 |
|
| 11,647 11,777 |
|
G2.2. No employees received emoluments over £60,000 during the current or prior year.
Page 13 of 14
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2022 (continued)
G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions
Trustee Remuneration
None of the trustees of the charity were paid any remuneration or received any other benefits from an employment with the charity or a related entity.
Trustee Expenses
The trustees of the charity occasionally incur costs in fulfilling their duties. In 2022 no trustees reclaimed any expenses.
Audit, Independent Examination and Other Financial Service Fees Independent examination fees for 2022 are £480 (2021: NIL).
G3: SOFA for the year ended 31st December 2021 for comparative purposes
| All figures in £ Note Income and Endowments from: Donations and Legacies A1 Charitable Activities A2 Other Trading Activities A3 Investments A4 Other income A5 Total Income and Endowments Expenditure on: Raising Funds B1 Charitable Activities B2 Other B3 Total Expenditure Net Gains/(Losses) on Investments Net Income/(Expenditure) Transfers between Funds Other Recognised Gains/(Losses) Gains/(Losses) on Revaluation of Fixed Assets Net Movement in Funds Reconciliation of Funds: Total Funds brought forward Total Funds carried forward |
2021 |
|---|---|
| Unrestricted Funds Restricted Funds Total |
|
| 66,859 2,121 68,980 - 17 17 40,082 - 40,082 7 - 7 39,704 39,704 |
|
| 146,652 2,138 148,790 - - 97,519 324 97,843 - - - |
|
| 97,519 324 97,843 - - - |
|
| 49,133 1,814 50,947 |
|
| 488 (488) - - - - |
|
| 49,621 1,326 50,947 |
|
| 122,744 2,600 125,344 172,365 3,926 176,291 |
Page 14 of 14
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Park United Reformed Church members of
| On accounts for the year ended |
31stDecember 2022 | Charity no (if any) |
1196199 |
|---|---|---|---|
Set out on pages 1-2
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
- My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no material matters have come to my examiner's statement attention which gives me cause to believe that in, any material respect,:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
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• the accounts did not comply with the applicable 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 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 .
Date: 25[th] April 2023
Signed: Name: Rachel Eden
1
IER
December 2017
Relevant professional ACMA (Chartered Institute of Management Accountants) qualification(s) or body (if any):
Address: Holy Brook Associates, Curious Lounge, 1st Floor, Pinnacle Building, Tudor Road, Reading, England, RG1 1NH
Section B Disclosure
[NONE ]
2
IER
December 2017