Annual Financial report 2023 for RSM URC
The overall financial situation is very healthy despite being apparently £991.97 less than this time last year. Taking into account the £4000 being held for Inspire Youth from last year, which has been paid at the start of 2023 we are actually £3,008.03 better off this year.
There has been significant spending to upgrade the kitchen, the preparation room, the memorial garden and the rolling programme of build repairs including roof work this year. Over £30,000 has been spent which has maintained the buildings integrity and ensuring safety and hygiene in the kitchen and food preparation area. The walls are now all washable as is the new flooring with the addition of a new sink in the preparation area helping ensure a hygienic environment for food preparation and cooking.
Our spending on energy has been significantly lower than the current national charges due to the 5 year lock in contract we signed for both gas and electricity. This has saved us at least £30,000 but unfortunately the contract expires in May 2024 when we expect to be paying at least 3 times our current costs. Due to the tremendous rise in energy costs , energy use has been more closely monitored reflected in the slight drop in costs this year compared to 2022. Another drop in costs has been the Ministry and Mission payments. This is due to fewer members in our congregation as a number have passed away.
Our income has been significantly boosted by very generous donations and a bequest for which we are extremely grateful. These amounts account for our increased income for this year compared to 2022 of nearly£20,000. We now have almost all windows double glazed, a new kitchen and large preparation room facilities, a new large step free path from the pavement that leads to two large memorial benches on accessible paths around two large raised beds. The beds were planted out by volunteers with over 1,500 bulbs which made a lovely spring spectacle for our community. The beds are now planted with roses and an olive tree ready for summer.
The ongoing maintenance programme is in place with the rest of the windows being changed to double glazed ones, changing all lights to LEDs, pointing stone work, roof work and new floor covering for 2024.
April 2024
ROBERT STEWART MEMORIAL UNITED REFORMED CHURCH
INCOME AND EXPENDITURE ACCOUNT 1[ST] JANUARY TO 31[ST] DECEMBER 2023
| INCOME | 2022 | 2023 | |
|---|---|---|---|
| Loose ofering | 1,754.35 | 1,824.80 | |
| Envelope ofering | 7,805.00 | 6,275.00 | |
| Gif aid gifs | 1,715.00 | 2,500.00 | |
| Gif Aid tax refund | 2,871.25 | 2,910.52 | |
| Miscellaneous gifs | 890.00 | 3,067.00 | |
| Total gifs | 15,035.60 | 16,577.32 | |
| Cofee | 142.30 | 119.00 | |
| Coin a day | 57.20 | 14.00 | |
| Gif Day | 351.00 | nil | |
| Building maintenance | 786.00 | 567.28 | |
| Bequest | 20,904.64 | ||
| Total ‘other’ giving | 1,336.50 | 21,604.92 | |
| Ethiopian congregaton | 200.00 | nil | |
| Romanian congregaton | 4,850.00 | 3,693.00 | |
| Congolese congregaton | 2,850.00 | 3,190.00 | |
| Total Christan congregatons | 7,900.00 | 6,883.00 | |
| Bowls | 1,400.00 | 1,400.00 | |
| WI | 340.00 | 255.00 | |
| Litle band | 1,640.00 | 1,760.00 | |
| Sewing class | 2,480.00 | 1,050.00 | |
| Scouts | 1,500.00 | 1,500.00 |
| Inspire Youth | 2,000.00 | |
|---|---|---|
| Other room users, rentals, etc | 2,835.00 | 1,035.00 |
| Total room users | 10,595.00 | 9,000 |
| Christmas Fair | 1,119.97 | 997.34 |
| TOTAL NON-GRANT INCOME | 35,987.07 | 5 5 ,062.58 |
| GRANTS RECEIVED SHOWN BELOW under | ‘Improvements’ | |
| Synod property grant (windows) | 2,242.00 | |
| Synod property grant (kitchen window) | 441.00 | |
| Synod property grant (Sanctuary glazing) | 4,874.22 Feb | |
| Synod property grant (Kitchen and prep room) | 1,813.00 | |
| 9,370.22 |
2022
2023
EXPENDITURE
| Ministry and Mission | 9,075.96 | 8,283.96 | ||
|---|---|---|---|---|
| Pulpit supply | 320.00 | 550.00 | ||
| Community Worker expenses | 707.40 | 836.37 | ||
| Total ‘service’ provision | 10,103.36 | 9,670.33 | ||
| Disaster Appeal (Turkey) | 97.00 | |||
| Energy Electric | 4,869.54 | 1,933.28 | (5 yr contract) | |
| Energy Gas | 2,311.82 | |||
| 4,245.10 | ||||
| Water | 154.78 | 200.05 | ||
| Insurance | 3,221.94 | 3,507.70 | ||
| Caretaker (wages) | 1,040.00 | 1,040.00 | ||
| Caretaker fat Council Tax | 1,387.24 | 1,447.68 | ||
| Caretaker fat gas | 32.50 | 0.00 | ||
| Repairs and maintenance | 8,807.94 | 30,262.21 | ||
| Cleaning materials | 587.98 | 339.07 | ||
| Broadband | 700.80 | 652.80 | ||
| Total buildings costs | 20,802.72 | 41,791.61 | ||
| Admin/other expenditure | 710.26 | 4,592.61 | ||
| TOTAL NON-GRANT EXPENDITURE | 31,616.34 | 56,054.55 |
| GRANT FUNDING | |||
|---|---|---|---|
| Improvements | Grant income | Grant expenditure | |
| 12thJan 23 Synod | 2242.00 | 27thJan 23 MRM Kitchen Window | |
| 16thFeb 23 | 441.00 | 28thMarch 23 Finco kitchen Fitng | |
| 23rdFeb 23 | 4874.22 | 23rdMay 23 Finco kitchen ftng | |
| 31stMarch 23 | 1813.00 | ||
| Total grant | 9370.22 | Total spend | 9370.22 |
CHARITY COLLECTIONS
For Collected Paid 14[th] February 2023 DEC for Turkish disaster 97.00 97.00 Post Office to DEC
FUNDS – BALANCE SHEET
Opening balances 1[st] January 2023 Main Bank 47,411.18 Reserve Building Fund held within main account ( 6,161.58) TOTAL 47,411.18 Plus Total non-grant income 55,062.58 Less Total non-grant expenditure 56,054.55 - Closing balances (excluding grants) 31[st] December 2023 Main Bank 46,419.21 TOTAL 46,419.21
NOTE:
Monies held for Play Newcastle, now known as Inspire Youth were paid across to their account and no monies are now held for them
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Co Ei ftt KILT MLiMo (ci uh3iTED IPcFoR6M6Jf CHLALY.14 Charity no (if any) On accounts for the year ended 313t Trc£MbLf 1013 L3356q Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 1 I i J LO. 13 As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Responsibilities and basis of report Independent [ examiner's statement •PpI]]. Delete [ ] if not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records: or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: CITr( J M( IER Oct 2018
Relevant professional qualification(s) or body (if any): Address: ICtsJCASI Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018