# **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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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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