Midland Unitarian Association Incorporated
Registered Charity No.1200862
Annual Report & Accounts
FOR THE PERIOD 01st November, 2022 TO 31st December, 2023
Managing Trustees
Presedent - Ms Cressida Pryor Vice Presednet - Mr David Taylor Immediate Past 'President -Ms Debra Burbery Secretary - Rev Sue Woolley Hon.Treasurer - Mr Kieren Mardle-Moss Mrs Jane Couper Rev Winnie Gordon Ms Ann Matthews Mr David Mearman Ms Diane Rutter Mrs Christine Thompson Ms Aleks Zglinska Mr Mike Taylor
Custodian Trustee
The British & Foreign Unitarian Association.Inc Essex Hall, 1 Essex Street, London WC2R 3HY
Independent Examiner
Mr Richard Shaw, 88, Widney Road, Bentley Heath,Solihull B93 7BH
Bankers
Bank of Scotland, 300, Lawnmarket, Royal Mile, Edinburgh EH6 2PH
Solicitors
Mr. Stanley Willets, Wright Solicitors, 6, Load Street,Bewdley DY12 2AF
Investment Managers
Mr Rorie Evans, Newton Investment Management Ltd, 160, Queen Victoria Street, London EC4V 4LA
Unitarian New Meeting Church 31,Ryland Street, Five Ways, Birmingham B16 8BL
MIDLAND UNITARIAN ASSOCIATION INCORPORATED
Reg. No.,1200862 BALANCE SHEET AS AT 31st DECEMBER, 2023
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2023
MUA Inc
Fund
THE FUNDS MANAGED BY THE MIDLAND UNITARIAN ASSOCIATION INCORPORATED:
Value of Funds at the Start of the Period 0.00
Net Movement of Funds in the Period 1,197,799.96
Value of Funds at End of the Period 1,197,799.96
HAVE BEEN INVESTED IN :
Freehold Property 0.00
Investments at Market Value
Newtons Growth & Income Ethical Fund 1,116,418.42
Divs Rcd after Year End 0.00
Sundry Amounts owed to us 2,259.28
Cash in Deposit Account 32,066.91
Cash in Current Account 52,884.39
1,203,629.00
Less Sundry Amounts owed by us (5,829.04)
(5,829.04)
1,197,799.96
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Responsibilities of the Trustees
The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the Trust, for taking reasonable steps to prevent and detect fraud and any other irregularities, and for preparing annual financial statements which both accord with the accounting records, and which comply with both the Statement of Recommended Practice for Accounting by Charities and with the relevant governing documents and which give a true and fair view of the affairs of the Trust. To the best of our knowledge and belief, these obligations have been met, and accordingly these Accounts were approved at a Meeting of the Trustees held on 25th January, 2024
K.MARDLE-MOSS Treasurer
Having carried out an examination under Section 43 of the Charities Act, 1993 in accordance with any applicable directions given by the Commissioners under Subsection (7)(b) thereof, of the information supplied by the Midland Unitarian Association Trustees. I believe that proper accounting records have been kept in respect of the Charity in accordance with Section 41 thereof, and that the Accounts set out on pages 12-19, in respect of the funds administered by the Midland Unitarian Association during the period and of the resources available as at 31st December, 2023 accord with those records. I have detected no other during my examination to which your attention should be drawn to enable you to reach a proper understanding of the accounts.
Dated: 18 February 2024 R.SHAW. Independent Examiner
MIDLAND UNITARIAN ASSOCIATION INCORPORATED Reg. No.,1200862 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31st DECEMBER,2023
| 2023 | ||
|---|---|---|
| MUA INC Fund |
||
| TOTAL RESOURCES ARISING IN THE PERIOD Dividends Received Bank Interest Received Rent Received Banbury Fund Grants ex GA Oldbury Trustees Grant Northampton Trustees Asset Realisation (Cash & Prior Investments as custodian trustee) Asset Transfer from preceeding organisation Donations Affiliation Fees & Personal Subscriptions |
11,961.25 1,048.86 10,968.00 543.00 3,398.78 4,500.00 5,331.00 1,146,619.52 24,526.72 5,543.58 |
|
| 1,214,440.71 | ||
| TOTAL EXPENDITURE | ||
| CHARITABLE GRANTS | 38,566.78 | |
| OTHER EXPENDITURE District Ministry Exec.Committee Members Exps Secretary's Honorarium Treasurer's Honorarium Administrative Expenditure (Ptg, Postage,Tel.&Sec.Exps) AGM & Lunch Expenses Conference Fees Website Costs Independent Examiner's Fee Professional Fees Insurance Premiums Legal Costs Publicity & Training |
29,771.39 152.07 3,150.00 3,150.00 1,294.99 81.90 310.00 103.88 450.00 198.60 1,974.77 2,520.00 230.79 |
|
| 43,388.39 | ||
| NET INCOMING RESOURCES BEFORE INVESTMENT ADDITIONS,DISPOSALS & REVALUATION | ||
| 1,132,485.54 | ||
| INVESTMENT SURPLUS/(DEFICIT) ON DISPOSAL AND REVALUATION AT YEAR END Surplus/(Deficit) on Sale of Investments Investment Revln Surplus/(Deficit) Investment Management Costs |
0.00 65,314.42 0.00 |
|
| 65,314.42 | ||
| INCREASE/(DECR) IN FUNDS | 1,197,799.96 |
MIDLAND UNITARIAN ASSOCIATION INCORPORATED
Reg. No.,1200862 CHARITABLE GRANTS MADE DURING THE PERIOD ENDED 31st DECEMBER,2023
| LEADERSHIP OF CONGREGATIONS Evesham Congregation CoventryCongregation Shrewsbury Congregation Northampton Congregation Development MINISTERIAL & LAY LEADERSHIP TRAINING & SUPPORT Ministers' Meeting Sustentation Fund Unitarian College Manchester Academy Trust MUA Inc Lay Preachers Education & Training Expenditure Sales of Lay Training ABCs Book OTHER DENOMINATIONAL INSTITUTIONS General Assembly The Inquirer MU Now Magazine National Unitarian Fellowship Sundry Other Causes CHURCH MAINTENANCE AND REPAIRS N/A TOTAL GRANTS MADE |
2023 MUA INC Fund 7,000.00 9,000.00 9,000.00 7,566.78 0.00 32,566.78 500.00 0.00 5,000.00 0.00 500.00 0.00 0.00 6,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 38,566.78 |
|---|---|
INVESTMENT SUMMARY AS AT 31st December, 2023
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Entity Reference 1262244
REVALN REVALN
COST SURPLUS SURPLUS MARKET
(DEFICIT) (DEFICIT) VALUE
B/FWD THIS PD
£ £ £ £
TOTAL INVESTMENTS
1 688,467.203 Newton Sustainable Growth & Income Fund for Charities 1,051,103.98 1,356.62 63,957.82 1,116,418.42
Valuation as at 31-DEC-23 £1.62160
Source of Investments
No of Units held Cost Gain/(loss) B/F
ex DUDLEY Bought 136,461.109 210,000.00 3,234.13
Div reinvested 4,257.465 6,103.98
ex KIDDERMINSTER Bought 116,602.967 180,000.00 (4,197.74)
ex KIDDERMINSTER Bought 71,575.279 115,000.00
ex KIDDERMINSTER Bought 158,508.750 250,000.00
ex MUA Bought 123,080.910 190,000.00 2,320.23
Sale of Newton Growth and Income Fund for Charities
05-Jun-23 (610,486.480) (988,681.41)
Purchase of Newton Sustainable Growth and Income Fund for Charities
05-Jun-23 624,364.639 988,681.41
ex Oldbury Bought 64,102.564 100,000.00
688,467.203 1,051,103.98 1,356.62
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