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Midland Unitarian Association
Incorporated
Registered Charity No.1200862
Annual Report & Accounts
FOR THE YEAR ENDED 31st December, 2024
***
Managing Trustees
President - Mr David Taylor
Vice President - Ms Ann Matthews
Immediate Past President -Ms Cressida Pryor
Secretary - Rev Sue Woolley
Hon.Treasurer - Mr Kieren Mardle-Moss
Mrs Jane Couper Rev Winnie Gordon
Mr Peter Flower Mr David Mearman
Ms Diane Rutter Mrs Christine Thompson
Ms Aleks Zglinska Ms Debra Burbery
**
Custodian Trustee
The British & Foreign Unitarian Association.Inc
Essex Hall, 1 Essex Street, London WC2R 3HY
Independent Examiner
Mr Richard Shaw, 188 Widney Road, Bentley Heath,Solihull B93 9BH
Bankers
Bank of Scotland, 300 Lawnmarket, Royal Mile, Edinburgh EH6 2PH
Solicitors
Mr. Stanley Willets, Talbots Law Ltd, Inhedge House, 31 Wolverhampton Street,Dudley DY1 1DB
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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, 2024
| BALANCE SHEET AS AT 31st DECEMBER, 2024 | |
|---|---|
| 2023 MUA Inc Fund THE FUNDS MANAGED BY THE MIDLAND UNITARIAN ASSOCIATION INCORPORATED: 0.00 Value of Funds at the Start of the Period 1,347,799.96 Net Movement of Funds in the Period 1,347,799.96 Value of Funds at End of the Period HAVE BEEN INVESTED IN : 150,000.00 Leasehold Property Investments at Market Value 1,116,418.42 Newtons Growth & Income Ethical Fund 2,259.28 Sundry Amounts owed to us 32,066.91 Cash in Deposit Account 52,884.39 Cash in Current Account 1,353,629.00 (5,829.04) Less Sundry Amounts owed by us (5,829.04) 1,347,799.96 |
2024 |
| MUA Inc Fund |
|
| 1,347,799.96 38,098.26 |
|
| 1,385,898.22 | |
| 150,000.00 1,203,922.60 0.00 30,000.00 2,818.08 |
|
| 1,386,740.68 | |
| (842.46) | |
| (842.46) | |
| 1,347,799.96 | 1,385,898.22 |
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 9th January, 2025
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, 2024 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.
Richard Shaw - Independent Examiner
MIDLAND UNITARIAN ASSOCIATION INCORPORATED
Reg. No.,1200862
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER,2024
| 2023 2024 MUA INC MUA INC Fund Fund TOTAL RESOURCES ARISING IN THE PERIOD 11,961.25 Dividends Received 25,273.10 1,048.86 Bank Interest Received 382.08 10,968.00 Rent Received 10,968.00 543.00 452.40 3,398.78 Banbury Fund Grants ex GA 3,867.69 4,500.00 Oldbury Trustees Grant 5,000.00 5,331.00 Northampton Trustees 3,571.15 1,146,619.52 Asset Realisation (Cash & Prior Investments as custodian trustee) 0.00 174,526.72 Asset Transfer 146.00 0.00 ABC Book of Lay Preachers 32.25 0.00 Insurance Refund 89.60 5,543.58 Donations 0.00 1,364,440.71 49,782.27 TOTAL EXPENDITURE 0.00 CHARITABLE GRANTS 53,728.01 OTHER EXPENDITURE 32,291.39 District Ministry 34,371.51 152.07 Exec.Committee Members Exps 120.74 3,150.00 Secretary's Honorarium 3,400.00 3,150.00 Treasurer's Honorarium 3,400.00 1,294.99 Administrative Expenditure (Ptg, Postage,Tel.&Sec.Exps) 665.09 81.90 AGM & Lunch Expenses 247.10 310.00 Conference Fees 135.00 103.88 Website Costs 128.88 450.00 Independent Examiner's Fee 450.00 198.60 Professional Fees 278.40 1,974.77 Insurance Premiums 2,117.46 230.79 Publicity & Training 146.00 43,388.39 45,460.18 NET INCOMING RESOURCES BEFORE INVESTMENT ADDITIONS,DISPOSALS & REVALUATION 1,321,052.32 (49,405.92) INVESTMENT SURPLUS/(DEFICIT) ON DISPOSAL AND REVALUATION AT YEAR END 0.00 Surplus/(Deficit) on Sale of Investments 0.00 65,314.42 Investment Revln Surplus/(Deficit) 87,504.18 0.00 Investment Management Costs 0.00 65,314.42 87,504.18 1,386,366.74 INCREASE/(DECR) IN FUNDS 38,098.26 Affiliation Fees & Personal Subscriptions |
2024 |
|---|---|
| MUA INC Fund |
|
| 25,273.10 382.08 10,968.00 452.40 3,867.69 5,000.00 3,571.15 0.00 146.00 32.25 89.60 0.00 |
|
| 49,782.27 | |
| 53,728.01 | |
| 34,371.51 120.74 3,400.00 3,400.00 665.09 247.10 135.00 128.88 450.00 278.40 2,117.46 146.00 |
|
| 45,460.18 | |
| 87,504.18 | |
| 1,386,366.74 | 38,098.26 |
MIDLAND UNITARIAN ASSOCIATION INCORPORATED
Reg. No.,1200862
CHARITABLE GRANTS MADE DURING THE PERIOD ENDED 31st DECEMBER,2024
| 2023 | 2023 | 2024 |
|---|---|---|
| MUA INC Fund |
LEADERSHIP OF CONGREGATIONS | MUA INC Fund |
| 7,000.00 Evesham Congregation 9,000.00 Coventry Congregation 9,000.00 Shrewsbury Congregation 7,566.78 Northampton Congregation 0.00 Kingswood Congregation 0.00 Warwick Congregation 0.00 Birmingham Congregation 0.00 Cheltenham Congregation 0.00 Stourbridge Congregation 0.00 Coseley Meeting House |
18,352.00 8,314.00 1,724.00 3,338.00 1,135.00 694.00 738.00 308.00 396.00 2,071.01 |
|
| 32,566.78 | 37,070.01 | |
| MINISTERIAL & LAY LEADERSHIP TRAINING & SUPPORT 500.00 Ministers' Meeting 5,000.00 Unitarian College 500.00 MUA Inc Lay Preachers |
500.00 10,000.00 500.00 |
|
| 6,000.00 | 11,000.00 | |
| OTHER DENOMINATIONAL INSTITUTIONS 0.00 General Assembly 0.00 The Inquirer 0.00 MU Now Magazine 0.00 National Unitarian Fellowship 0.00 Sundry Other Causes |
0.00 1,000.00 0.00 0.00 4,658.00 |
|
| 0.00 | 5,658.00 | |
| 0.00 CHURCH MAINTENANCE AND REPAIRS 0.00 N/A |
0.00 0.00 |
|
| 0.00 | 0.00 | |
| 38,566.78 | TOTAL GRANTS MADE | 53,728.01 |
INVESTMENT SUMMARY AS AT 31st December, 2024
| TOTAL INVESTMENTS 1 688,467.203 Newton Sustainable Growth & Income Fund for Charities |
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|---|---|---|---|---|
| PREVIOUS YEAR MARKET VALUE |
REVALN SURPLUS (DEFICIT) THIS PD |
MARKET VALUE |
||
| £ £ £ |
||||
| 1,116,418.42 | 87,504.18 | 1,203,922.60 | ||
| Valuation as at 30-DEC-24 £1.75000 Valuation as at 31-DEC-24 1.7487 |