Page.1 THE UNITARIAN MEETING IBRISTOLI ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charlty No.. 234482 Pagè-2 THE UNITARIAN MEETING IBRISTOLI CONTENTS Page Annual RepoTt Independent Examlners Report Statement of FinanLllal Actiwlies Balance Sheet Notes to Ihe Accounts The following pages do not form part of the statutory a¢counts 13.14 Detailed Income and Exp&ndlture 15 Funds and Bequests Details Page-3 THE UNITARIAN MEETING18RISTOLI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Ifuslees present their annual report and finanelal slalgmenls of the charily for the yèar ended 31 December 2024. The financial statefflenls have been prepared in accordane6 with the accounting policies sel out in note 1 to the accounls and comply with the charity'5 trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJbli¢ of Ireland published on 16 July 2014. Oblectlves and actlvltlès for the public benefit The ch8rily was 8el up was lo provide a place ol meeting and worship for a religious communily within the Unitarian and Free Christian movement. Achlevement8 and performance Appolntment of a mSnlster and eurrent position There is no Mlni518r in post for the Bristol Group, therelore no current financial commitment from the A¢Gounl of Unitarian Meeting (Bristol) to the Bristol Group,. since Ihe end ol the sludonl placernenl, this remains vacant. There is. howev8r, a new pioposal opening by the Nation81 Office (The General Assembly, Essex Hall, London) lor a grant that we shall be able to sel advertising for, and an advert has gon8 to the va¢8ncy page. Property Management- adrninistration Thls remains with Charlotte Lang, in liaison with the chair of the Tru$lee5. We have had an Sncr8ase in hire bookings this year. Currant state of the bulldlng As the building is listed and the hall buSlt on, il is li518d by association. We have archileclural supervision when needed by Phillip Hughes Associates Ltd, who direct the Unilaiian Meeting (Brisloll on bullding matters. Therè are no current reports or observation that require expenditure. General maintenance and a Compliarice regime are in place, and this is attended on a cyclical basis. Flnanclal rèvi¢w Th8 rnanaging Iruslees of the Unliarlan Meeting as named in the scherne of the Charfty Comm18sion dated 24th July 1997 are the responsible body for overseeing and controlling Ihe uses of oongregalional funds as reported here in the disbursemenls. The ￿ngregatsOnal funds are used for wofks on the building {Surrey Lodge in Brunswick Square), the employment of a minister, other financial outgoings and Investment policy. At present the Congregational Committee whose members are elected make decisions and report lo the trustees. The managlng Trust885 mu81 meet twice a year for receipt of eommillee reports and to confirm all large financial decisions, The management ol the investment portfolio is now administered by Evelyn Partners Ifoimerly Smith and Williamson}. The lalesl valualion, on 31st Decemb$r 2024. 5how8 a value of £291,410. Structure, Govemance and management Tho Iiusl is a regislered charity number 234482, and is conslltutèd under a Irusl deed dated 31.12.1822. New trustees are appointed by the e￿sting trustees and serye for three years 8fter which they may put themselves forward for rè-8ppoinlmonl. The Iru51ees consider the board of trustees and th8 Presldenl as cornprising the key management personnel of the charity in charg6 of directing and controlling the charity and running 8nd operating the charity on a day to day basi5. Al truste85 give their lime freely and no Iruslge rem(tneralion was paid durlng the year. Page-4 THE UNITARIAN MEETING IBRISTOLI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Reler&nce and administrative infomiation Trustees Karl Stewart Ichairpeisonl Sally Pugh (Secretary) Mark Stewart Mary Gingell Peter Wildman rr•asuror Kathryn While Prlnclpal Offlco Suriey Lodge 8runswGk Square BRISTOL BS2 8PE Charity number.. 234482 Independent Examiners D.C, Cox FCA Ha￿00d, Lane & Co Chartered Accountants Units 1- 4 Cr09sley Fami Business Centre Swan Lane Winteiboumè BRISTOL BS36 1RH Bankers National Westminster B8nk Pl Bristol City Centre Branch 45 149 8roadme&d BRISTOL BS13EU Investment managers Smith and Vvilliamson 45 Gresham Street London EC2V 78G Karl Stewart Chalr of UMB Trustees Date: Page-s INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE THE UNITARIAN MEETING IBRISTOLI I report on (he accounts of the Trust for the year 8nded 31 December 2024, which are sel out on pages 8 10 Resp•etlve rgsponslbllltles of trustse$ and examSners The charity's Irus18es are responsible for th8 preparation ol the accounts. The charitys trustees consider that an audit Is not required for Ihls year under sectlon 144121 of the Charities Act 2011 {Ih$ 2011 Acll and that an independent examination is needed. It is my iesponsibilily lo.. Examine th8 accounts under section 145 of the 2011 Act. To follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the 2011 Act and To slate whether particular malleis have come lo my att6ntion. Basis of independent •xamlnerfs report My examination was carrled out in accoidance with Ihe General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by Ihg charity and a ¢orrparison of the accounts presented with those records. 11 also includes consideration of any unusuAI lefms or disdosures In the accounts and seeking explanations from you a5 Iruslees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion Is given as lo whether the aceounl8 present a 'true and fair wew, and the report is limited lo those mall8rs sel out in Ihe sLitemenl below. Indopendont examlnerfs statemant In ctsnnection with my examlnadon, no matter has come to my 8llenlion.. which glves me reasonable cause to bell6vè that In any material respect the requirements.. lo keèp accounting records In accord8n¢e with section 130 of the 2011 Act., and to prepare accounts whlch accord with the accounting record3 and lo comply with the accounting requlrèmènls of the 2011 Act have not been mel., or to which, in my opbnion. attention should be drawn in order to enable 8 proper understanding of accounts lo be reached. Davld Cox F.C.A. Harwood, Lane & Co Chartered Accountants Unlts 1 . 4 Crossley Farm Bu¥ine88 Centre Swan Lane Wlnterbourne BRISTOL BS36 1RH Date: 11 7_021 Pag8-6 THE UNITARIAN MEETING IBRISTOLI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 TOTAL FUNDS 2023 TOTAL FUNDS Notes Income Donthlions and Gifts Bank and Other Interest Other Income Bequesl Income 2.203 2,545 34.754 7,786 27.679 8.304 Total Income 44,747 38,528 Ex endlturè Charitable expenditure 48,8Q2 37,083 Total Expendlturg 48,802 37,083 Net Incoming Resources before TranSf￿S -4.055 1,445 Transfer between Funds Net Incotning Resources for the year -4,055 1.445 Other Reco nlsed Gains Gainlllossesl on Investments Unrealised Realised 7,646 -2.148 6,134 1,719 Nel Movement In Funds 1.443 9,298 Total Funds Broughl Forward 310,4S2 301,154 Total Funds Carried FoThvard £311.895 £310,452 Page-7 THE UNITARIAN MEETING18RISTOLI BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSETS Investmtsnls 291,410 290,999 CURRENT ASSETS Debtors Cash al Bank and on Deposit 355 21,726 472 20,522 10 22.081 20,994 CURRENT LIABILITIES.. payable wlthln one year -1,596 -1.541 Nat Current Assets 20,485 19,453 Total Assets L•s¥ Current Llabllltles £311,895 £310,452 FUND Unrestricted 311,895 310,452 £311,895 £310,452 Hon. Treasurèr Chalrper50n Approvod on.. li - 3 . 1 On bèhalf of the Board of Trustees Page-8 THE UNITARIAN MEETING IBRISTOLI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of Accoun The financial slalemenls have been prepared in a￿ordanCe with Statement of Recommended Pra¢lice.' Accounting and Reporting by Ch8ritie8 preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 is8ued on 16 July 2014 and the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Unitarian Meeting Bristol mee13 the definition ol a public benefit entity under FRS102. Assets and liabilities are initially recognised al historical cost Of tr8ns8clion value unless otherwise stated in the relevant accounting policy notes. Investments Investments are a form of bagic financial inslrument and are initially reeogni5ed al their tiansaclioTI value and subsequently measured 81 Ih8ir fair value as at the balance sheet date using the closing quoted market PllC6. The slalement of activitles includes the net galns 8r5d losses 8ri5ing on revaluation and disposals throughout the y8ar. All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the diffeience between sales proceeds and thelr op6ning carrying value or their purchase value. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrylng value. Income R•eo Itlon All incoming resources are in¢luded in the statement of Iinancial activities when Ihe charity is enlilled lo the income 8nd the amount can be quantified with reason8ble accuracy. The following specific policies are applied Io p8rticular categories of Income.. Voluntary income is received by way of grants, donations and gifts and is Includèd in full in the statement ol Financial Activities when receivable. Grants, where entitl&rn8nl is not conditional on the delivery of a specific performance by the charity. are recognised when the chalily becomes unconditionally entitled to the grant. Investment income Is Included when receivable. Incoming resourc05 from charitable tradlng activity are accounted (or when eained. Incoming resources from grants, where related to perf01rn8nce and specific dellvorables, are accounted lor as the charity earns the right to consideration by il5 perfom)anc8. Pag6-9 THE UNITARIAN MEETING IBRISTOLI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ex enditure Reco nition EKpenditure Is reoognised on a accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reporled as part of the expenditure lo whith il Charitable expenditure comprises those costs incurred by the chaiily in the delivery of its activities and services for 115 beneficiaries. 11 Sncludes both costs that can be alloc818d diredly lo such activilles and those costs of An Indirect nature necessary lo support them. CHARITABLE EXPENDITURE Unrestr- icted Funds Restr. icted Funds Total Funds 2024 Totsl Funds 2023 Minlsler Costs Church Expense Major Repairs Management Expenses Adminlslralion Independent Examination 1,490 1,4go 1.310 43.703 2,S89 1,020 43,703 2,589 1,020 32,275 2,508 990 £48,802 £0 £48.802 £37 083 FIXED ASSET INVESTMENTS Investments Unlisted Llsted 2024 Total 2023 Total Market Valuè at 1 January 2024 57,137 233,8fj2 290.999 277,137 Addition5 35,830 35.B30 25,711 IDTsposalsl 40,917 -40,917 -19.702 Nel Realised GainllLossl Nel Un¥ealisod GainllLossl -2,148 6,355 -2,148 7.646 1,719 6,134 1.291 Markpt Value at 31 December 2024 £58,428 £232,982 £291,410 £290,999 Historical Cost as at 31 December 2024 £3,636 £17S,623 £179,259 £168,230 Page- 10 THE UNITARIAN MEETING IBRISTOLI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS 2024 2023 Investment Income Receivable Other Debtors 355 472 £355 £472 LIABILITIES.. •mounts falling due wlthln onè year 2024 2023 Accruals Other Creditors 1,S96 1,541 £1,596 ANALYSIS OF NET ASSETS BETWEEN FUNDS N8t Current Assets Investm&nts Total Unrestrlet&d £291,410 £20,485 £311,895 TRUSTEES REMUNERATION No Trustee receives remuneralion. Total expen8es received by trustees in the year was £012023- £01. FREEHOLD LAND AND PROPERTIES Fre*hold larid and properties held by the charity includ8 the church at Brunswick Square Bristol. The current insurance valuè of th8 bltilding is £3,033.429. Page. 11 THE UNITARIAN MEETING IBRISTOLI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 EMPLOYEES The Charity had no employees during the year. 10. CASH AT BANKAND ON DEPOSIT 2024 2023 Bank Current Account Smith and Williarnson Investment Account 9,378 12,348 12,330 8,192 £21,726 £20,522 Page- 12 THE UNITARIAN MEYfiNG The followln es do not fom art of the Btatuto aceounts P8ge- 13 THE UNITARIAN MEETING OETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Inco 2024 2023 Donatlons and Gifts Envelopes and Weekly Collections Tax Receivable under Covenant Donations and Appeal Incorne Grant Incoffle Open Day. Concerts, Fundraising 1.513 355 1.473 472 335 800 2.203 2,545 Bank and Other Interost Recelved Investment Incom? 7.786 8.304 ¢%h•r Income Ground Renl Rant and Service Charg8s 34,751 27,676 34,754 27,879 Total Income £44.747 £38.528 This page doès not form part of the statutory accounts Page- 14 THE UNITARIAN MEETING INCOME ANO EXPENDITURE ACCOUNT Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2024 enditure 2024 2023 Mlnlster Chrjrch Expenses Treasurerslsecreiarls ExpenseslHonorarium G.A. Quota and Western Union MusScian Fee Pulpit Supply 300 410 150 450 440 1,050 1,490 1,310 Managemènt Expenses Sundry Expenses Property Management Fees Heal and LighVCleanin9lOlher Services C051s Software and Printing, Postage & Slation8ry Insurances Repairs and Maintenance 10.235 17,201 485 2,145 13,637 6,783 17,671 2,023 5.798 43,703 32,275 Administratlon Expenses Accountancy and Independent Examiners Fees Donations to Chari11è8 and Appeals Investment Charges 1,020 250 2,339 990 22Q 2,288 3.609 3.498 Major Repalr5 Total Expendlture £48,802 £37,083 mma Incorne Expenditure 44.747 -48.802 38.528 -37,083 {Losses)IGain$ on Investments 5,498 7.853 IDefi¢illlSurplus for the year 1.443 9,298 Reserves Brought Fotwaid 310,452 301,154 Reserves Carried Forward £311,895 £310,452 Thls pa9e does not form part of the 8¢alutory accounts Page- 15 THE UNITARIAN MEETING FUNDS AND BEQUESTS BE UEST INCOME Over the years, individu81s have set up charitable Irustsllunds for the bènefit of the Unitarian ¢omrnunily in Bristol. As lime has passed, these individual chhritable Iruslslfunds have been brought under the umbrella of the UMB and the inveslrvenl assets transferr@d into Ihe UMB'S name. These investments gen&ral$ dividend income whlch is Irealed as bequest income in the accounts. Following on Irom guidance received fioTn the Charity Commission, il was advised that these various fundslliusls a￿ all relevant lo the day to day runnlng of the charity and there was no need lo cl888ify them as separatè reslricled funds. Title has passed to the UMB and are therefore for unreslricled activities. The con¥titUgnt charltles amalgamated into the UMB are.. Name Levi Ames, Bequest Susan Coale's Bequest Osbourne Bequest Herbert Thomas Bequest Aubrey Day Fund A E A￿ell Bequest Graham Memorial Fund Miss Wetherman Bequest Mary Salmon Bequest Marjoriè Packer V8rlous Bequests Lowins Mead Chapel Fund Reg No 234482-1 234482-2 234482-3 234482-4 234482-5 234482-8 234482-7 234482-8 234482-9 234482-10 234462-11 234482-12 Oblectlves Church Expenses Church Expenses Church Expenses Church Expenses Church Expanses Church Expenses Church Experises Church Expenses Half lo poor ministers and half lo Church expenses Furtherance of lamlly services at Lewlns M88d Church Expenses Furtherance of religious services at 08kfield Road Church Church Expen8es Church Expenses Church Expenses Chuich Expenses Church Expenses Poor and Deserving People Resldence of th8 minister Maintenance of the chapel Poor Unilaiians over 50 years of age who allend chapel Poor Unitarians, ministers and their wives Chui¢h Expenses Poor Unitarian minlsleis. their widows and orph8n8 and the provision of an organist D J Pope Bequest Miss H Gaylard Trust J VV Norgrove Trust Lionel Stephens Trust Olivia Parn811'8 Trust Poor'5 Fund Lewins Mead Chapel Mans8 Resloralion Fund Thomas Phillip Wall's Charity 234482-13 234482-14 234482-15 234482-16 234482-17 234482-18 234482-20 234482-21 234482-23 Dr John Wright Brooke Smith Jacob Wilcox Rickelts 234482-24 234482-25 234482-26 This page dogs not form part of th8 Statutory accounts