## **UNION HALL EVANGELICAL CHURCH CIO** **FINANCIAL STATEMENTS** **YEAR ENDED 31[ST] DECEMBER 2023** **Prepared by:** **David R S Welch FCA, DChA. Chartered Accountant.** 3 Alvington Grove, Hazel Grove, Stockport, Cheshire SK7 5LS **Email: david@welchfca.co.uk** **Phone: 0161-456-9140** ## **UNION HALL EVANGELICAL CHURCH CIO** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] DECEMBER 2023** ## **CONTENTS** ## **Introduction to Union Hall - Helpful Information about the Church.** - **Page 1** Legal, Charitable, & Personnel Information PERIOD ENDED 31ST DECEMBER 2023 - **Page 2** Statement of Financial Activities for the PERIOD ENDED 31ST DECEMBER 2023 - **Page 3** Balance Sheet as at 31ST DECEMBER 2023 - **Pages 4-6** Notes to the Financial Statements for PERIOD ENDED 31ST DECEMBER 2023 - **Pages 7-8** Appendix 1 -** Additional Management Information to the Financial Statements for PERIOD ENDED 31ST DECEMBER 2023 - Re:Income Property Expenses, Administration Expenses Governance Costs _****This page does not form part of the report on page 1, hence my report is in respect of Pages 2 to 6.**_ - **Page 9** Accountants Report on the Financial Statements for the PERIOD ENDED 31ST DECEMBER 2023 - **Pages 10-11** Trustees Report on the Financial Statements for the PERIOD ENDED 31ST DECEMBER 2023 ## **UNION HALL EVANGELICAL CHURCH CIO FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] DECEMBER 2023** ## **INFORMATION ON THE CHURCH, ITS BUSINESS & PERSONEL** Date Founded: **1894** _**Jeremiah 33:3.**_ ## **Church Personnel** Pastor **Adam Beattie** Elders **Shalom Srirangam, Adam Beattie {Pastor}** Trustees **Adam Beattie, Matt Blake Shalom Srirangam, Courtney Owens** Treasurer **Courtney Owens** Church Secretary **Matt Blake** Church Email & Postal Addresses office@unionhall.co.uk **Stretford Road, Hulme, Manchester, M15 6DY** Legal Status **The UHEC trust became a C.I.O. on 19[th] April 2022. Charity Number 1198660** Church Website Address www.unionhall.org.uk **Find out more about the Church, its support of Mission, & access sermons.** Reporting Accountant **David R S Welch FCA, DChA. Chartered Accountant david@welchfca.co.uk** Salary Administrator {since 2018} **Karen Macintyre, MAAT, Licensed Practitioner** 95 Nangreave Road **,** Stockport, Cheshire, SK2 6DQ Bankers CAF Bank **Page 1** ## **UNION HALL EVANGELICAL CHURCH CIO STATEMENT OF FINANCIAL ACTIVITIES** ||||||**31st Dec.**|**31st Dec.**| |---|---|---|---|---|---|---| |**INCOME AND EXPENDITURE ACCOUNT**|||||**2023**|**2022**| ||||UNRESTRICTED|RESTRICTED|TOTAL|TOTAL| |**INCOMING RESOURCES**|||FUNDS|FUNDS|FUNDS|FUNDS| |**_Main Objectives of Church_**|||£|£|£|£| |_Offerings & Donations Received_|||**121,010**|**0**|**121,010**|**103,652**| |**_Investment Income_**||||||| |Income from Hire of Rooms|||**1,625**|**0**|**1,625**|**2,285**| |Interest Received & Loyalty Payments|||**60**|**0**|**60**|**44**| |**_Other Income_**||||||| |Miscellaneous Income|||**0**|**0**|**0**|**20**| |**INCOMING RESOURCES { Appendix**||**1}**|**£122,695**|**£ 0**|**£122,695**|**£106,001**| |**LESS: RESOURCES EXPENDED**||||||| |**_Direct Charitable Expenditure_**||||||| |Pulpit Supply and Visiting Speakers|||**420**|**0**|**420**|**863**| |Pastoral Employment Costs**{**
|**2}**||**42,501**|**0**|**42,501**|**39,046**| |Utility & Property Expenses||**3}**|**13,610**|**0**|**13,610**|**12,850**| |Christian Mission,|||**13,307**|**0**|**13,307**|**14,145**| |Poor Relief and Foreign Aid|||**3,248**|**0**|**3,248**|**2,894**| |Outreach Exp
s, Gifts & Sundries|||**2,723**|**0**|**2,723**|**4,363**| |**DIRECT CHARITABLE EXPENDITURE**|||**75,809**|**0**|**75,809**|**74,161**| |**_Administration Costs{Appendix 4}_**|||**7,569**|**0**|**7,569**|**2,945**| |**_Governance Costs_**
**_{Appendix 4}_**|||**5,388**|**0**|**5,388**|**5,763**| |**_Depreciation of fixed assets {Note_**|**_3}_**||**14,419**|**0**|**14,419**|**9,682**| |**TOTAL RESOURCES EXPENDED**|||**103,185**|**0**|**103,185**|**92,551**| |**NET INCOMING RESOURCES FOR YEAR**|||**£ 19,510**|**0**|**£ 19,510**|**£ 13,450**| |Inter Fund Transfers||||||| |**NET INCOMING RESOURCES FOR YEAR**|||**£ 19,510**|**0**|**£ 19,510**|**£ 13,450**| |**TRUSTEE FUNDS AT 1st J**
**2023**||**b/f**|**£ 262,938**|**£ 0**|**£ 262,938**|**£ 249,488**| |**TRUSTEE FUNDS AT 31ST DEC. 2023 c/f**|||**£ 282,448**|**£ 0**|**£ 282,448**|**£ 262,938**| |**This page does not form part of the report.**||||||| **Page 2** ## **UNION HALL EVANGELICAL CHURCH CIO BALANCE SHEET** ## **AS AT 31ST DECEMBER 2023** |**BALANCE SHEET**
**AS AT 31ST DECEMBER 2023**||||| |---|---|---|---|---| |**FIXED ASSETS**{ Note 3 }
Freehold Property
Furniture & Equipment
Office and Electronic Equipment
Worship and Library Books
**CURRENT ASSETS**
Prepayments & Sundry Debtor
Gift Aid Debtor
Cash at Bank, and in hand
Less:**CREDITORS**due within one year
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**REPRESENTED BY:**
**TRUSTEE FUNDS**
Unrestricted Funds brought forward
Restricted Funds brought forward
**SURPLUS (DEFICIT) FOR YEAR**
**TOTAL TRUSTEE FUNDS**
**Unrestricted Funds**
**Restricted Funds**|£
**180,222**
**800**
**6,481**
**0**|**31st Dec.**
**2023**
£
**187,503**
**94,945**|£
**152,835**
**973**
**0**
**0**|**31st Dec.**
**2022**
£
**153,808**
**109,130**| ||2,942
9,187
87,334||3,185
7,408
106,117|| ||**99,463**
4,518||**116,710**
7,580|| ||,
**262,938**
**0**||,
**249,488**
**0**|| |||**£ 282,448**||**£ 262,938**| |||**262,938**
**19,510**||**249,488**
**13,450**| |||||| |||**£ 282,448**||**£ 262,938**| |||**£ 282,448**
**0**||**£ 262,938**
**0**| |||**£ 282,448**||**£ 262,938**| ## _**Financial Statements approved by Authorised Officers**_ _**Courtney Owens {Treasurer & Trustee}**_ _**Matt Blake {Secretary & Trustee}**_ _**Date: -**_ **October 17th 2024** **UNION HALL EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2023** ## **1. ACCOUNTING POLICIES** - (a) **The Financial Statements** are prepared on a historical accounts basis, taking into account accruals and depreciation where relevant, in order to ensure - Gifts to Restricted Funds are accounted for upon receipt, though Restricted Tax Refunds are included when claim is received in respect of the accounting period. - (b) **All restricted gifts** are separately recorded when received, though expenditure is not separately analysed when made, outstanding amounts being noted at the year end. - (c) **Gifts in kind** are only recorded and included if material, and then are included as income in the year given. - (d) **Rents and Grants** are recorded as income only when received. Income Tax recoverable from Deeds of Covenant & Gift Aid donations is included at the date net donations are received, & where appropriate included as a debtor at the Balance Sheet date. Accruals and prepayments are included if material. - (e) **Reimbursements of expenditure** are netted off against such and not counted as income - (f) **Centre expenses** are not wholly directly charitable in nature; properties held are partly of an investment nature, since rents are received and certain administrative functions are performed there. - (g) **Assets are capitalised** , irrespective of finance sources and methods, provided such are permanently intended to be used by the Trust. - (h) **Properties** are not annually re-valued unless, in the opinion of the Trustees, previous valuations are misleading. No depreciation is provided on such, since this would be An Asset valuation is in process, otherwise only additions in the year have been depreciated. - (i) **Current Assets** are shown at the lower of cost and net realisable value. - (j) **Current Liabilities** are shown at settlement value. ## **2. DEPRECIATION OF FIXED ASSETS** This is provided other than on Properties, on a reducing balance method (unless otherwise shown), based on expected useful lives, at the following rates:- |**Building & Improvements**|**4% on cost**| |---|---| |**Furniture & Equipment**|**15% on Net Book Value**| |**Worship & Library Books**|**25% on Net Book Value**| |**Office & Electronic Equipment**|**33.3% on Net Book Value**| **Page 4** ## **UNION HALL EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2023** |**3. FIXED ASSET SCHEDULE**
**COST**
Balance b/fwd at 1.1.2023
Additions in Period
Disposals in Period
**Balance c/fwd at 31.12.2023**
**DEPRECIATION**
Balance b/fwd at 1.1.2023
Charge in Period
Eliminated on Disposals in Period
**Balance c/fwd at 31.12.2023**
**NET BOOK VALUES- 31.12.2023**
**NET BOOK VALUES- 31.12.2022**|**OFFICE &**
**TOTAL**
**FREEHOLD**
**FURNITURE**
**MUSIC**
**LIBRARY**
**FIXED**
**PROPERTIES**
**EQUIPMENT**
**BOOKS**
**ASSETS**| |---|---| ||£
£
£
£
£
**237,743**
**10,562**
**12,538**
**£139**
**260,982**
37,392
0
9,722
0
47,114
0
0
0
0
0| ||**275,135**
**10,562**
**22,260**
**139**
**308,096**| ||£
£
£
£
£
**83,908**
**9,589**
**12,538**
**139**
**106,174**
11,005
173
3,241
0
**14,419**
0
0
0
0
0| ||**94,913**
**9,762**
**15,779**
**139**
**118,688**| ||**£ 180,222**
**£ 800**
**£ 6,481**
**£ 0**
**£ 187,503**| ||**£ 153,835**
**£ 973**
**£ 0**
**£ 0**
**£ 154,808**| The church building and contents are adequately insured see note 7. ## **4. RESTRICTED FUNDS & FUND TRANSFERS** - The General Missionary Fund seeks to distribute approx. 15% of the churches Income. - The restricted funds at the period end were **£0 (2022 £0) .** ## **5. ANALYSIS OF NET ASSETS BY FUND** **Unrestricted Restricted Total Purposes Purposes Net Assets** £ £ £ **Fixed Assets 187,503 0 187,503 Current Assets 99,463 0 99,463 Creditors {all under one year} ( 4,518) 0 (4,518) Trustees Fund at 31[st] DECEMBER 2023 £ 282,448 £0 £ 282,448 Page 5** ## **UNION HALL EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2023** ## **6. TRUSTEES & CONNECTED PERSONS CONTRACTS & EXPENSES** No expenses have been reclaimed by Trustees as Trustees, nor has there been any transactions with Connected Persons. ## **7. INSURED VALUES OF FIXED ASSETS** **The church has used Congregational Insurance to insure the church building and its contents, over many years. In Note 3, the Fixed Assets show the church building and its contents, bought and improved at the cost incurred by the church over many and in recent years. Accounts policy is to write off the assets over their useful life to the church.** - **The Church building,** including the recent improvement costs are written off at 4% on cost, or over 25 years. **The book value of the church stands at just under £154k. However, the insured value of the church building is £3,609,824 {2022:-£2,561,167}** . This does not mean the church building is worth this amount, as insured values reflect the cost of having to rebuild the church, if it were destroyed and any related costs. Current building costs are far greater than they were 30-40 years ago **. The title deeds were held as a Custodian Asset by The Evangelical Trust Limited, as the Church has been a Trust. Now the legal status has changed to a CIO {Charitable Incorporated Organisation}, the trustees were able to confirm that on 31[st] December 2023, the year- end date, the CIO have the title deeds in the name of UNION HALL EC CIO. The trustees believe the value of the church and land to be around £1 million and its insured value is over £3.5 million see Note 7. A professional valuation still needs to be obtained before incorporating accurately the land and building at valuation.** - **The Contents** within the church building, per note 3 are largely written off. **The NBV is small,** because they are being written off over 5 to 6 years. Also, items costing less than £1000 have been written off in the Income and Expenditure Account. **The Church contents are insured for a value of £114,243 {2022:- £86,817}. It is hoped in the future the CIO will reflect a fairer value for the Church fixtures and equipment based on a Fixed Asset Register that was taken in May 2023 in preparation for the Fixtures to be acquired by the CIO from the UHEC church trust. When properly valued, the revalued amount will be included in Fixed Assets and any surplus accounted for as a Revaluation Reserve. Future depreciation will then be charged against any revaluation surplus arising.** **Page 6** ## **UNION HALL EVANGELICAL CHURCH CIO** ## **APPENDIX TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2023** ## **ANALYSIS OF MAIN INCOME & EXPENSES** ## { _**all expenses are unrestricted**_ ; there are no expenses for restricted purposes} |there are no expenses for restricted purposes
**1. OFFERINGS & DONATIONS**
Covenanted Giving
General Offerings, Missionary & Other
Gift Aided Tax Recovered/Recoverable
re 2023/2022 Gift Aided Donations
Gift Aid underclaim from earlier year
Café International & Other Hire
Bank Deposit Interest Received
**PER INCOME & EXPENDITURE ACCOUNT**
**2. PASTORAL SALARIES & COSTS**
Pastoral Salary
National Insurance
{net of NIC allowance}
Pension Provision
FIEC Membership
Conferences, Books & Training
Northwest Partnership
IT & Computer allowance
**PER INCOME & EXPENDITURE ACCOUNT**
**3. PROPERTY EXPENSES**
Water, Light and Heat
Repairs, & Assets below £1k
Insurance
Lease of Office Equipment
**PER INCOME & EXPENDITURE ACCOUNT**
**Page 7**|}|**UHEC CIO**
**UHEC CIO**
**12**
**months**
**12**
**months**| |---|---|---| ||**31st Dec.**
**31st Dec.**
**2023**
**2023**
**Unrestricted**
**Restricted**|**31st Dec.**
**31st Dec.**
**2023**
**2022**
**Total**
**Total**| ||£
£
**76,065**
0
**25,409**
0
**19,536**
**0**
**0**
**0**
**1,625**
**0**
**60**
**0**
**£122,695**
**£ 0**
**31st Dec.**
**2023**
£
36,055
0
2,866
1,476
604
1,500
0
**£42,501**
**31st Dec.**
**2023**
£
5,492
4,687
3,431
0
**£13,610**|£
£
**76,065**
**68,552**
**25,409**
**18,009**
**19,536**
**16,358**
**0**
**780**
**1,625**
**2,285**
**60**
**17**
**£ 122,695**
**£106,001**
**31st Dec.**
**2022**
£
33,952
0
2,459
1,286
1,349
0
0
**£39,046**
**31st Dec.**
**2022**
£
4,374
4,625
3,851
0
**£12,850**| ## **UNION HALL EVANGELICAL CHURCH CIO APPENDIX TO THE FINANCIAL STATEMENTS PERIOD ENDED 31[st] DECEMBER 2023** |**4. ADMIN, MANAGEMENT & GOVERNANCE**
**Admin Expenses £ 7,569 {2022:-£ 2,945 }**
Website, Licenses, & Office Supplies
Phone
Bank Charges
Fellowship Weekend in Keswick Costs
**Governance Costs £ 5,388 { 2022:- £5,763}**
Legal re C.I.O
Salary Preparation Fees
Charity Accounts & Independent Examination
**PER INCOME & EXPENDITURE ACCOUNT**|12 months
**31st Dec.**
**2023**
£
4,503
898
248
1,920
3,318
420
1,650
**£ 12,957**|12 months| |---|---|---| |||**31st Dec.**
**2022**| |||£
1,933
811
201
0
3,718
420
1,625| |||**£ 8,708**| **Page 8** ## **UNION HALL EVANGELICAL CHURCH CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNION HALL EVANGELICAL CHURCH CIO** _I report on the accounts of the_ UNION HALL EVANGELICAL CHURCH CIO _for the Year Ended to 31st DECEMBER 2023, as shown on pages 2 6 attached._ ## **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 section145 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 REPORT** _My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 give as to whether the accounts t is limited to those matters set out in the statement below._ ## **INDEPENDENT EXAMINER'S STATEMENT** _In connection with my examination, no matter has come to my attention:_ - _(1) which gives me reasonable cause to believe that in any material respect the requirements_ _to keep accounting records in accordance with section 130 of the Charities Act and_ _to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act_ _have not been met, or_ - _(2) to which, in my opinion, attention should be drawn, in order to enable a proper understanding of the accounts to be reached._ ## **DAVID R S WELCH FCA, DChA. CHARTERED ACCOUNTANT** _3 ALVINGTON GROVE, HAZEL GROVE, STOCKPORT, CHESHIRE, SK7 5LS_ ## **Date: October 17th 2024** **Page 9** ## **UNION HALL EVANGELICAL CHURCH CIO Registered Charity 1198660** ## **REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2023** ## **Introduction** Union Hall Evangelical church was started in 1894 with a mission to reach the inner-city area of Hulme in Manchester with the good news of Jesus Christ. The church became well established and from early days served not only Hulme but further afield sending missionaries to various parts of the world. Over the last 129 years a lot has changed in Hulme, but the church still stands with the same purpose to make Jesus known in Hulme, Manchester and beyond. In line with the latest charity legislation, Union Hall became a registered charity (CIO) in April 2022. ## **Activities and performance for year ended December 2023** Over the past year Union Hall has sought to advance the Christian faith primarily through our regular meetings and activities. ## **Regular services and meetings** Our Sunday morning services are attended by around 100 people each week, plus others via zoom. Our congregation is made up of many ages, ethnicities and nationalities. Our numbers have been growing on a Sunday morning, with new families and students joining us over the past year. We currently have a keen core group of students and Sunday school has over 30 children registered who are regularly taught about the Christian faith. Our Sunday evening service is smaller in number, but a faithful group regularly attend and enjoy fellowship and teaching together. We have a weekly midweek meeting on a Wednesday evening that consists of Bible Study and prayer. This is attended both in person at our building and via Zoom. The key times of Christmas and Easter were encouraging with services well attended as visitors joined with us to celebrate and to learn about Jesus Christ. Our Good Friday service was a join service with Grace Church Manchester, with who we also shared several mid-week events. ## **Outreach** In term time we run something called and where we seek to engage with people in our community. We have had many great conversations through this, given out many drinks, Bibles and leaflets, and seen people coming along to church we otherwise have met. We also host an international Cafe at our building, which is run by Friends international. This regular meeting seeks to help internationals with language and cultural challenges as well as engaging them with the Christian faith. During the month of July, Manchester International Outreach (MIO), takes place and is based at our building. A number of our members were part of the core team for MIO. We seek to engage local schools with the gospel through regular assemblies at nearby primary schools and special events that school children are invited to. Our building has also been used by local students to run a week long mission sharing the Christian faith across the of Manchester. We have also hosted occasional events like walks, quiz nights, music evenings, with the intention of inviting people along to get to know them, to share our lives and the Christian faith. ## **World Mission** We have committed to a target of 15% of our budget going to mission further afield. Through our mission partners we support the training of Bible teachers in Brazil, the Christian education and support of abandoned girls in Zimbabwe, gospel outreach in West Africa, and ministry to internationals within the UK. ## **Finances** Despite high inflation and a cost-of-living crisis, Union Hall has been wonderfully provided for over the past year as reflected in our financial report. ## **Risk Assessment:** Child Protection procedures have been reviewed and updated. Church insurance policy has been reviewed and updated. The gas appliances have been serviced and checked. Fire protection appliances have been serviced and checked. Financial reserves are held in a no-notice savings account. ## **Looking ahead** In the latter half of 2023 the church advertised (and has since appointed) an Assistant Pastor. Church members agreed to replace the church pews with new chairs and upgrade the sound system within the main church in the coming year.