THE MEMORIAL HURCH UNITARIAN CAMBRIDGE FINAfCIAL STATEM NTS FOR THE YEAR ETrDED 31 DEC.'EMBER2023
THE MENIORIAL CHURCH
UIYITARIAN
CAMBRIDGE
TRUSTEES, REPORT
OR TIIE I'EAR
I DECEMBER 2022
Trustees {Church Commirteel
Andrew Be[he
Ton> Burns
Brendan Boyle
Susan Tombs
B¢n Grey
Stephen Watson
Celia James
Sylvain Van d¢ Wcyer
Clare Southall
Jacqui Camall
Jennif¢r Bishtsp
(Chairman)
IVi¢¢
THE MEMORIAL CHURCH NITARIAN CAMBRIDGE TRUSTEES, REPORT OR THE YEA ETr4'DED JI DE ER 2022 The Nl¢tnorial Chllr¢h ILlnitarianl CambTidge is an excepted ¢harity and is therefor¢ not regjstered with the Charity Commission. The ChaTity was fornied b}. TTU5t deed and conveyance dated 25 March 1928, as amended by a subsequent conweyance dated 15 October 1945. and deeds dated 6 July 1967, 28 December 1987 and 18 Septemb¢r 2002. A new con51tDJiion odopted on 24 April 2005. The Church Membership Procedure was rcvised in April 2017. Objects of the rharity To organise worship Services. • To provide surh other special services le.g. weddings, funcrals, memorial servtces) as r¢quired. To PToTride a religious dimension to the lives of members and attend¢¢s. To provide a religious education for ¢hildren and diseussiott nieetings for adulis. To encourage concern for so¢ial i55ue5 locally and internationally. To participate in meetings with other Unitarians in the region and nationally lai ihe General Assembly tn¢etings of the Unitarian and Free Chrisiian Churches). Any other spe¢ial attivities or endeavouT5 05 may be available that would promote the fvrtheranc¢ of Unitarianism. ln th¢ love of truth and in the SPiTjt of Jesus the meTnbers of this chuKh unite for the worship of God and the service of humankind. Revttw of development, ¥etivities and a¢hievtment$ during the year an15ational Structure The Church C.omTnitlee consists of the offyc¢rs IChairniaN, Vice-chairnian, Se¢retary and TreasureTI and four members elected ai the Annual General Meeiing of the congregation. The Church Committee mei on 31iernale tnonths during 2023. Paid Personnel The only paid ¢mployec is the Rev¢rend Andrew Brown, the Minister. His ¢ontra¢t from l July 2015 is pemianent. VolunieeT Work Th¢ Church eould not function effectively Mithoul the help of volunteers 'hO assist with adniinistraiion of l¢ttings and accounts, arranging seTrices in the absence of the Minisrer, children's activities, general maini¢nan¢e of the buildings and the garden. etc.
TH MEM RIALCH RCH UNITARIAN CAMBRIDGE TRUSTEES, REPORT RTHEYE R ENDED DECEMBER 2022 Review ofdevelopment, activitie5 and achievement5 during ibt yeaT (tont.) Mil$leT'S Re In last year's report I stressed that. from m). perspeeiiv¢ a5 your minister of 24 year5. 1 thollght thai we could no lon¥er afford to play the mainienance game because all that once seemed 50 solid io us- religiously. socially and polilitally ha5 b). now melted into air, and we are toilay being Compelled lo face with sobcr senses our new conditions of life and our oew relationships, not only with each other, but wilh the whole of nature. This remains true, and so if has been grdlifying to see that during the year w'e have begun to be much bolder in tying io brin¥ about. not only new ways of being together as a ¢reative. free-spiritual communitv, but also in tern)s of beginning tts reimagine how we mi¥hi use and cr¢aiiv¢ly re-ptJrpos¢ our buildings in the Coming years to take advanthge of the tspportunities presented by the new te¢hnolo8y and also the rapidly Changing needs and practices of wider society. However. whilst it is clear that some very important, initial steP5- including becoming a CIO- have been taken by us dring the las( year, Lll the comjng year. we really do need io crack-on With ihin8s at a far quieker pace than we have so far. Assuming you still me lo be J'our mini5r¢r alrhough it's never.%omething I have ever taken for 8Tanted- God willing, I now only liave seven vears left before my lim¢ with you is up. Thai's enough lime- for me to work wilh you on the requÈred major. but absolut¢l)' necessary. changes we need to be making if we are to gift. io hoillsoever folloi¥s us. a strong and healthy liberal ¢ommunit)' ready for the challenges ahead. Of course. we ¢tsuld choos¢ to drag our feet and procrastinate. Thai's alwa}'s an option and many small, and very tired. church communities- und¢rstandably. if regrettably- end up dtsing this. Blli I hope thai all of you. lik¢ Ine. are keerk to press on and want io lake the very real chance thai an interesting and Televani fuluTe could be OUTS, if we are only courageous ¢nough to give tt a real go. If you think likewise, then please Consider becoming more involved beeause we really do need all hands on deck if w¢ are to succeed. And lastly. as alwa)'5. 1 extend my thanks to you all. but panicularly the ¢UTr¢nt committee. for all yourltheir hard work during the lasr year. It 15 hugely appreciaied. Andrew Brom
THE MEMORIAL HURCH UNJTARIAN CAMBRI TRIISTEES. REPORT OR THEI, AR ETr4D 31DE BER 202 Review of development. activit1¢5 and Achi¢Thents during the year (fOlIt.) reta 'sRe Church Building5. Oltr 2022 report ended by meniioning the br¢akdown in ihe ¢hurch hall heating syst¢m. This was repaired in ¢arlylmid-February at ¢tsll5Ederable expens¢. as the original 100-y¢arld pipes had to be ¢otnpletelv replaced. During this period the hall wa5 unusable with an asso¢iated loss of hirer income. The loss of hall heating during the very Cold wearher served to underline several problem$ with the manse. which included inad¢quaie healing and Insulation, a cramped layout, al unsafe staircase. li was apparent thai the manse ma). be uninhabitable going forward. The committee decided to rent alternative accommodation in nearby eli. Squar¢. and the minist¢T and his moved (heT¢ on 13 March. This is an interim measure until a longer ierni solution can be found. and imp05es a significant additional outlay. The is an on¥oirkg process underway io deterniine how best we ¢xploit our whole church estate to mak¢ mor¢ eifjctent usc of our buildings. As in 2022, w'e sruck to Using rhe unheated ehur¢h tn the summer months and the healed church hall in th¢ winl¢r. To help us manage ollr heating in a more cosr-¢ffectlVe. SUsiainabl¢ way, a remotcly conirollable Nest System was fitted in O¢iober. Setvices. When the Minister was holiday, niernbers of the Congregation facililared the services in th¢ church or in the hall Including the Gd Friday CoTnmunion. Easter Sunday. August Sunday5 and Ren?¢mbrante Day. These included Andr¢w Belhllne, Sue Tombs. Brendan Boyle. Jennifer Bishop. Celia James, JerTr C.arr-Brion and Jacqui Camall. The CaToI Service on 17 Decemb¢r was led by Marianna Michell and Mark Mason wth a small s¢ratch choir. Comniunion seNees were also celebrated at Penie¢ost and Christmas Eve. AdveThtlChri$tnias Appeal raised £363 for Rowan Humberstone, a local educaiional charity Change of c.harity Status. Unitarian c.hurch Cambridge CIO wa5 regi51ered the Charity Comn)ission on 17 Mar¢h 2023, and in Novemb¢r the change tsf ownership of the ehur¢h properEV was registered with the Laod Registjv. Confirtnalion is pending. The church biiilding remained in th¢ benefi¢al ownership of the existin¥ charity. under a trust agreernent until January 2024. Benefjcial ownership of the remaining asset5 was transferred from the exisilng charity to the new CIO a¢ the same time. The legal transfers are currently tn progres5. Tea parties- look place on 15 Jul. 29 Jul. 3 Sep and wer¢ well attend¢d. The followbng Spe¢ial Evcnts took place throughout ihe year... 23 .4pr. I l Jun, 8 Oct- sand tra). eN'ents wer¢ organised by Celia james 16117 Ma>. Plum Villa¥¢ weekend gathering 4 Jlln and 30 Sep- S¢12a sessions Short singing ses$itsns were l¢d by Marianna N4itcliell ININ.Ii on 6 Aug. l Oct and 5 Nlov following the picNi¢ lunche5. INIM was designated the church s musi¢ OTganiser from October in a volunreer ¢apa¢ityl. 7 Oct- Day of Nlindfulness 15 Oci- Introduction 10 Esperanto led by Jennifer Bishop. 19-21 (ki Letters frotn the Global South pllp.up exhibition. Membership- I member left and I new member j02ned during the )ear. There were 43 sign¢d-up voting members 8¢ the end of 2023. The GA quota w'as paid for 29 members, a fall frotn i4 in 2022. In common w'ith many d¢nominations, we have seen a slight fall in artendan¢e during 202)
THE MEMORIAL CHURCH UNITARIAN CAMBRIDGE TRUSTEES, REPORT HEYE NDED CEMBE ¢re rt Coniinu C(Immunity involvement- Chri51's Pieces Residents. A550ciarion holds regtslar Ing$ on church premis¢s. The church also hosts weekly sessions for Alcoholics Anon)mous. as well &s a variety of ¢xtra-eurri¢ula¥ aciiviiies and mthinss. Policy Do¢uments- The Church's Public Benefit Sthiement and our Bullying, Contlia of Inter¢s¢ and Equalities poli¢ies weTe revise418nd updaied during 2023. Wedne$da}' Evening Conversations eoniinued intermittenilw during th¢ year. These will be replaced by a new Seiza m¢ditaiionlconv¢rsation fomai on Thursdays srarting in Jot)uarv 2024. Church Commiltee coniinues to meei every two months by Zoom. In addiiion. Ihe committee has ini¢iated a s¢ries of in pcrson"Life of the Church" meetings fa¢ilitaTed by comtnittee m¢Tnb¢T Clare Southall, to sthrt explorin8 Ihe ran8e of a¢iivitte5 we might offer to our Ial church ctsmmunity going forwd. Brendan Boyle Risk The Irus¢ees have id¢Nified major risks 10 whach the charity is exposed 8nd reviewed and implemented Syste% IO rrhitigaie these risks. St#iement of Trustee5' Restrt>nsibilities LAW applicable io ¢hariiies in England and Wales requires ih¢ Irusiees lo prepar¢ financial staiemenis for each financial year which give a inj¢ and faÉr %iew of Ihe charity's financial aciivilies during the year and of its financial posiiion at the end ofthe year. In preparing financial staiements g?ivin8 a irue and fair view.. the trustees are required to: select 5uitsble a¢¢ou#ting poli¢i¢s and then apply Ih¢m ronsisienily: make judgements and estim8i¢s thai are reasonable and prudent., slate whether applicable A¢¢ouniing Standards and Statements of Recommended Pwti¢e hav¢ been followed. sybjea To any depanures dis¢l¢)5¢d and explained in lh¢ financial $iaTemen¢s.' • prepare the financial siaiements on an ongoing concern b&sis unless il is inappropriate to presurne that the chariiy will ¢tsnlinue in operation. The tnjsiees are resw>nsible for keeping proper accounting records which disclos¢ with reasonable accuracy the rinaneial wsiiion ofthe rhariiy aNI which enable Ih¢rn io ensure Ihai the financial siatcments comply with thc Charities Act 1993. They are also responsible for safeguardin8 Ihe a$5¢ts of the charity and hence for taking reasonabje Steps for rhe prevention and deieciion of fraud and other irreRulariiies. Approved by the Tws*es on 3110gia
THE MEMORIALCH RCH UNITA IAN CAMBRIDGE INDEPF.NDENT EXAMINER'S REPORT TO THE TRUSTEES FTHEME ORIAL CH CH IAN cAB DGE I report on the a¢¢ounts for ihe year ended 31 December 2023 set out on pages seven to sixteen. Respettiye responsibllitie5 of tru$tet5 and ewAmin¢r TILe Charity s tru$t¢¢s are responsible for the preparation of the arcounts. The Charity's trustee5 consider ihai an audit is not required for this year under Section 144121 of the Chariiies Act 2011 Iihe 2011 Act) and that an Independent Examination is required. Having satisfjed m>self thar rhe charity is not subject to audit and is eligible for independent ¢xamination. it is my re5pon5ibiliiy to.. examine the accounts UT)der section 145 of the 2011 Act.. io follow the procediires laid in the General Directions given by the Charity Commissitsner5 (under section 14515llbl of the 201 l Actl: and ro siaie whether particular matters have come lo my tttentLOn. B¥sis of Indeptndent Examiner's Report My examination was carried out in accordance w?th the general directions given by the Charity Comniissii>n. An examination includes a review of tlie accounting records kept by tlie Chari¢J' and a comparison of the a¢¢ounts presented with those records. It also includes eonsid¢ration of any unusual items or di5cIosures in th¢ accounts, and seeking explanations from you a5 trustees eoDc¢rning any su¢h matter5. The PTocedures undertaken do not PTovid¢ all the evidenc¢ that would be required in a full audit. and ¢onsequenily no opinion is giv¢n as to whether the accounts present o'inte and fair view, and the report is limited to iho$¢ matters sei out irb the stztement5 below. Independent Examiner'$ 5tatemenl In connecrion iyiih m). examination. no matter has ¢ome to my attention.. which ¥ive5 nie reasonable cause to believe that in any material resp¢¢t the requirements to k¢ep accounting records li accordance with section 130 of ¢he 2011 .4ci: and to prepare accounts whith accord ivilh ihe accouniing r¢¢ords and io con)ply with the requirements of the Act and with th¢ methods ajd princ2ples orth¢ Accounting ond Reporting by Charlties.. Siaternent of Reeommended Practice appltcabl¢ io ¢harities preparing their accouDts in accordance with rhe Financial Reporting Siajidard applicable 10 the UK and Republi¢ of Ireland IFRS 102Meffe¢tive l Janual) 20151 have not been met- or 21 to which. tn my opinion. attention should be draivn in order to enable a proper understanding of thc accounts io be reached. Dale.. Matthew Pellifer FCA Staffords Chart¢r¢d Accouniartts Unit l. Cambrid¥e House Camboro Business Park Oakington Road, Girton Cambridge CB3 OQH Uniied Kingdom
THE MEMORIALCHIIRCH UNITARIAN CAMBRIDGE srATEMETrtr OF FINANCIAL ACTIVITIES IIYC.ORPORAT1G AN INCOME AND EXPENDITIIRE ACCOUN FOR THE I'EAR ENDED 31 DECE1 2023 Note 202? 2023 2023 2022 Unrestricted funds Restricted funds Total Total INCOME FROM Donations and Legacies Other trading activities Investments 29.506 19,794 31,412 29,506 19.794 47.136 19.004 TOTAL 712 EXPENDITURE ON Raising funds Charitable o¢lSVItÈC5 IGainl11055 on disposal of fixed assets (Gainvloss on revaluation of investmenis 528 59.049 30.600 29.604 98.691 98,691 8,8021 8.8021 TOTAL 89 NET INCOME 9,1771 9,17711 24.3911 TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 9.1771 9,177 TOTAL FIINDS BROUGHT FORWARD 3.693,535 17,186 3.710.721 3 735 112 TOTAL FIINDS CARRIED FORWARD 3.684.358 17,186 3.701,544 3.710.721 CONTIYLIING OPERATIONS All inronie and expendiNre has arisen froni continuing a¢iivilie5.
MORIALCH RCH UNITARIAN AMBRI HEET Note FIXEDASSETS Tanwble asset5 Investsnents 2.637.669 2.617.447 3.476.867 3,347 843 CURRLNT ASSETS Debiors Cash at bank and Én hand 6.569 7,401 228.798 167.817 CREDITOILS: Amount$ fglling dut within YMT NET CURRENT ASSETS 224.677 362 878 TOTAI, ASSETS LESS CUIiRENT LIABILITIES 3 701 $44 3 710721 THE FUNDS OF THE CHARITY Restricted income fLtnd$ Unrestricied fijnds 10 10 17,186 3.684 358 17.186 3 693 535 TOTAI, CHARITY FUNDS 3,701544 3 710,721 The accounts were approved by the tTUStees on 10412024 and signed on behalf of the church committee by Treaw¥er Chairn)an
THE MEMORIAL CHURCH UNITARIAN CAMBR DGE 'OTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202 LEGAL FORM Th¢ Memorial Church (Unitarian) Cambridg¢ is an excepted chzrity. I ACCOLiiYfiNG POLICIES The financial statements have been prepared in accordance wih the Charities SORP IFRS 1021'A¢¢tsunling and Reporting by Chariiie5.' Statement of Re¢omniended Pracii¢e applicable io charities preparing iheir accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 102lleffe¢tive I January 20151,. Financial Reportin¥ Standard 102 'The Financial Reporting Standard appljcable in the U'K and Republic of Ireland. and th¢ Chariti¢s A¢t 2011. The financial 5tat¢menis have been prepared nder th¢ hi51ortcal cosi convention. extepi where as in previous years historic fixcd se15 have b¢¢n revalued io th¢iT T¢placemeTrt bllilding cost. Revaluaiion of the Church and Hall is undertaken annuallj by the ¢hur¢h'5 insurers. Th¢ charity is a publi¢ benefit entity. Coing ¢oneern The Trustees consider that there are no mat¢rial uncertaintÉes about the charity's ability to continue as a going concern. Signific8nt judgement$ Apart from those judgeinents involving e51imations, rhe management has noi made any jud8em¢nis in the process of appl}'tn8 the eniity's accounting policies that have signifJ¢ant effect on the amounts recognised in the accounts. There are no key assufflptions conc¢min¥ the luture or oiher key SOUTces or esiimation uncertainty ai the reponing date that have significant risk of causing a maieTial adjustment to the carrying amounis of assets and liabilitlC5 Wlthin the next r¢poning pcriod. FinanrRal reporting standard I02- reduced disclo$ure txemptiODS The charity has taken advania¥t of the folloing disc105ure exemption in preparing these firtancial statements, as pemjitted by FRS 102 'The Financial Reponing Stsndard applicable in tht UK and Republic of Ireland,: Ihe rcquirements of Sedion 7 Stat¢meni of Cash Flows. Resources Expendtd Expenditure is ac¢ounted for on an a¢¢rua15 basis and h2s been classified und¢r headings thar aggregate all cost related to the category. Where cosis e2nnoi be directly allribuied to particular headings they have been allocated to aciivi¢ie5 on a basis ¢on515teni with the use of rcsources. In¢oming Resourres All income is recognised in the Siaiemertt of Financial Aciiviiies once the charity has entitlement to the fund5, Lt is probable that the in¢ome will be received and the amount Can be measured reliably.
THE MEMORIAL CHURCH UNITARIAN CA BRIDGE 10 NOTES TO THE FINANCIAL STATEVEYTS FOR THE YEAR ENDED I DECEMBER 2023 Re$ource5 fTOrn 11011-exchan%e tr$n$#¢iions The charit). has benefited from the contrtbution of tim¢ by unpaid general volunteers. No value has b¢¢n rOgnIsed in the accoun¢s in relation io this. Pension Co$t$ The C.haTity makes contribution5 to the Minister5, Pension Fund, a dcfined ben¢fit schcme at a rate of I l % of the Sum of Stipend and Manse allowance per znnum. Tangible Fixed Assets #nd DepretiAtion No dcpreciation has been charged on freehold land and property since ihe trustees consider any such charge io be immaterial. The long term useful estirnated life of these 455ets is mor¢ thAn 50 years. Fi%tures and fitting$ 20/0 on a straighi litje basis Investments Listed invesimenis are initially recognised at cost, 2nd aTe revalued to open market value ai the e¥Jd of each aecountittg period Debtors Trdde and oth¢r debtors ar¢ recognised ai the settleTnent amount du¢ after any trade discoiint offer¢d_ Prepajments are valued at th¢ amounr prepaid after taking ae¢ount of any trad¢ discounts offered. Cash 2t bank and in h*nd C.a5h at bank and cash in hand includes cash and shon lem highly liquid invesirnent5 with a short maturity ofihree month5 or less from the dale of aequi$iiion OT Opening of ihe deposit or similar account. Creditors Creditors ar¢ re¢ognised when lh¢ ¢haTity has a present obligation resulting from a past event that will probablj. resuli i the transfer of tunds to a thtrd parry and ihe amount du¢ lo settle the obli(lon can be measured or estimated Teliably. Creditors and provisions normally recognised at their 5ettlemeiil amount after allowing for any trade discounts due. Fund Aerounting Unrestrieied funds can be used in accordance wilh the charitable obje¢iives at the discr¢tion of the trustees. Restricted funds can only be used for particular resrrieied purposes ivithin the objects of rh¢ charity. Re5rrieiiong arise when specified by the donor or when funds are raised for particular resiri¢t¢d purposes. FllrtheT explanation of the nature and purpose of each fuDd is included in ihe notes to the flnancial statements.
THE MEMORIAL CHURCH UNITARIAN CAlBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR ENDED 31 DECEMBER 2023 2 SIJRPLUS FOR THE YEAR IS AFfER CHARGING: 2023 2022 Independent ExamineW5 fee 1,740 1.680 3 INI'ESTMENT INCOME Ini¢rest & dividends eamed Bowte Fund Ministers Benevolent Fund Georg¢tt¢ & Barbara TallerÈnan Bequest- Rental Georgerte & Barbara Tallernian Bequest- Investment 3.999 1.627 608 12,336 14.685 27,413 31,412 29,256 4 INCOME 202) 2023 2023 Unrestricted funds Re5trickd funds Total Total Donatkon$ legacie5 Subscripiiotys Offcnory Envelopes Tax r¢¢overed Donaiions and bequests Colleciions & appeals Other Income 15.163 21 15.163 17.871 821 4.419 9.540 363 4.419 9.540 363 4,601 2i.413 430 06 29,506 Other trading activities HiTe & Rent 19,794 19,794 19.794 19,794 19.OQ4 19.004 Investment income Inieresi & dividends earned Bowie Fund Minisrers Benevolent Fund Georgette & Barbara Tallerman bequest Irentl Georgette & Barbara Tall¢mian bequest linvestmentl 3.999 3.999 1.627 608 12.i36 27.413 27,413 14.685 TOT.4L 80.712 80,712 95,396
THE MEMORIAL CHURCH UNITARIAN CANIBRIDGE 12 NOTES TO THE FINAN IAL STATEMENTS FOR THE YEAR ENDED 31 DECENIBER202 5 EXPENDITURE ON 2023 2023 2023 2022 Unrestri¢i¢d Re51TiCted Total Total Riising funds Inve51tn¢nt Jllana ement costs G¢orgette & Barbara Tall¢r7tLan bequest Irentall 528 528 Ch#ritable Activities WORSHIP COSTS Minister's siipend Minisier'5 N.1. & pension Minisier's expenses Musi¢ians 32.621 3,954 2,135 200 32.621 3,954 2,135 200 30.626 3.753 3.031 ESTABLISHMENT COSTS Uiiliti¢s & local tax¢5 Depreciation of fixture$ & fittings Insurance Repatrs, Renewals, Servicing, Purchases Non-recurrent repairs Accessibility Proje¢t 10.396 6.246 2.659 2.407 4.129 10.396 6,246 2.659 2.407 4.129 5.221 952 3.206 2.496 1.039 SUBSCRtPTIONS Generdl Assembl). Qutsta Subs¢riplions & Donalions 1.190 969 1.190 969 .365 l.i56 OTHER EXPENDITURE Minister's discretionary fund 2.117 MANAGEMENT AND ADMINISTRATION Printing, Postage & Publicity Telephone Reni- Temporary Manse Ministry support costs includin¥ website Inquirer, Bookstall & Music Professional Fees 266 1.093 26,131 266 1,093 26.131 i27 1.080 555 3.740 98.691 555 3.740 98.691 500 1.680 59.049 TOTAL 98.691 98,691 59.577
THE MEMORIAL CHURCH NITARIAN CAMBRID NOTES TO THE FINANCIAL TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20 6 TANGIBLE FIXEDASSETS Freehold Freehold 5 Emmanuel Road Fixtures and fittings Cliurch & Hall Total Cost or Viluation Ai l January 2023 AdditjOn5 Disposals 1.965.567 650.000 17.743 26.468 2.633.310 26.468 At 31 De¢ember 202) 1,965,567 650.000 44.211 2.659.778 DepreciAtion Ai l January 2023 Charge for y¢ar 15.863 6,246 15,86J 6.246 At J l Dec¢mb¢r 2023 22,109 22.109 Net Book V*lue Ai 31 December 2023 1.965.567 650.000 22.102 2.637.669 Ai 31 tkc¢niber 2022 1,965.567 650.000 1.880 2.617.447 Frtehold property- v41uation basi$ The r¢valLiaiioo Of the Church and Hall is based on the rebtjild value of the properties as. due to th¢ naure of the property. it is difficult lo obtain o reliable market value. 7 INI'ESTMEliTS Cost or Valuation Addiiitsn5 Disposals Revaluarion 730.396 100,000 8.802 8i9.198 8 DEBTORS 2023 2022 Prepaymenis & accn]ed incotn¢ IR ¢laim due 2.603 2.800 6.569 7.401
TH MEMORIAL CHURCH NITARIAN CAMBRIDGE 14 NOTES TO THE FINANCIAL TATEIIENTS FOR THE YEAR END D 31 DECEMBER 2023 9 CRKDITORS 2023 2022 Other creditors in¢ludin8 taxation & social security Accruals 4,121 4,939 IU FUNDS Balanc¢ brought forward Incoming resources Resources expended Gainlloss on revaluation Transfers Balance clf Generdl Fund Fixed Asset Fund Building Fund Fieldhouse Fund Mini$ieT'S Benevolent Fund Reserves 955,643 2.617,447 50,000 20,000 80,712 1 98,6911 8,802 1 20.222) 20,222 926.244 2.637.669 50.000 20.000 445 50,000 445 50.000 R¢5tTlCted funds.. Mini5rry Development Fund 17,186 17.186 Total funds 3.710,721 80.712 1 98,6911 8.802 3.701.544 Building Fund.. Ficldhouse Futsd Funds designated for the repakr5 and maintenance of the Chureh aDd Hall. The Fieldhouse Fund sel up io hold legacy from Shirley Ficldhouse, a long standing member and offjcer ofthe Church, whach was intended for th¢ g¢neral purpose of thc church This comprises donations lo be allociaed at th¢ discretion of the minister Funds designaied to cover any emergenc}. costs that may be incurred. This fund is anon)'moiis donations for supporting ministry costs Ibut noi general buildin8 runoing co5) Minister's Benevol¢nt Fund Resenes". Minkstr). Developmeni Fund.. The transfers between funds reflect adjuisments in SpeCI of fiKed a5set5. I I ANALYSIS OF FUNDS BY ASSETTYPE Unrestri¢r¢d funds R¢slricied funds Total Tangible Fixed Assets Current Assets Creditors.. Due within one year 2.637,669 1,050,810 4.1211 3.684.358 2.637.669 1,067,996 4.121 3,701.544 17,186 17,186
THE MEMORIAL CHURCH UNITARIAN CAMBRID TE TO THE FINANCIAL STATEMENTS FOR TIIE I'EAR ENDED31 DECEMBER 2023 12 RELATED PARTY TRANSAcfioNS & TRUSTEES, EXPENSES During ihe year the ehur¢h paid Geral Assembly Subscriptions and meeting cost5 of £1.190 12022.. £1.3651. The BTatish and Foreign Unitarian Chureh Association 15 a CuslodiaD Tnjstce of the charity. During the year tru$te¢$ donated a total of £4,032 to the eharity12022." £7,920). 13 ANALYSIS OF STAFF COSTS AND TRLisfEE REMUNEK4TION AYD EXPENSES 2023 22 Wages and salaries Pension costs 32,621 3,954 30.626 3,753 36,575 34.379 The average monthly number of employees during the year was a5 follows.. MinÉsier Nlo employees re¢eived ernoluments in excess of £60,000. Pension ¢ost5 art allocated (o a¢tivities in line with the 5tatTJng costs incurred and are wholly ¢harged io unresiri¢t¢d funds. The chariry trustees were not paid or r¢¢eiv¢d any other benef5t5 from cmployment with the charity in the year12022..
THE MEMORIAL CHURCH UNITARIAN CAMBRIDGE 16 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14 CONIPARATtVES FOR THE STATEMENT OF FIP4ANCIAL AC'TIVITIES UnresiTi¢ted ds Restricted funds Total funds INCOME AND EDOWlTs FROM Donations and Legacies Other tr2ding activities Inv¢5tments 47.136 19,004 29,256 47,136 19.004 29.256 TOTAL 95,396 95,396 KXPENDITURE ON Raisino funds Charitable activities (Gainllloss on disposal of fixed assets (Gatnyloss on revaluation of tnveslmenis 528 58,531 30,606 29.604 528 59,049 30.606 29.604 518 TOTAL 119.269 518 19,787 NET INCOME 23,87311 51811 24.3911 TRAIYSFERS BETWELN FUNDS NET MOI'EMENT IN FIJNDS 23,87311 24.3911 TOTAL FUNDS BROUGHT FORW'ARD 3,717.408 17,704 3,735.112 TOTAL FIINDS CARRIED FORWARD 3,693,535 17.186 3.710.721