TRUSTEES REPORT
Because of the Pandemic situation most of the meetings during the last financial year have taken place on Zoom.
There have, however, been two site meetings in connection with the major building alterations taking place.
The Trustees also agreed to put in place the registration of the land where the buildings are situated this is still in the hands of our solicitors and the process is being implemented.
The Trustees agreed to place a permanent fence on our land opposite to the Memorial Park side because of encroachment by trespassers.
Alterations and extension to the kitchen area is work in progress and at the present time nearing completion including decoration and the sanding of the Centenary Hall floor and sealing in due course. The radiators in he Hall have been replaced with modern ones.
Modernisation of the toilet areas has been agreed and will be starting as soon as the relevant sanitary wear has been purchased.
The secretary would like to place on record his thanks for the unanimous support of members for the actions we have taken during a most difficult period.
BRBrown Hon Sec of Trustees.
NAZARETH UNITARIAN CHAPEL FINANCIAL STATEMENTS for the year ended 31 December 2020
Prepared by
IAN DALZELL LTD CHARTERED ACCOUNTANTS
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL INCOME AND EXPENDITURE ACCOUNT for the year ended 31 December 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOME : | ||||
| Collections (Open & Envelopes) | 6,013 | 5,107 | ||
| Subcriptions, Donations & Grants | 25,060 | 24,456 | ||
| Bequests | - | - | ||
| Tax Reclaimed (Gift Aid) | - | - | ||
| Rentals & Function Fees Received | 6,599 | 12,467 | ||
| Musical Extravaganza Account Receipts | 32 | 3,814 | ||
| Event Receipts | 27 | 2,770 | ||
| 100 Club Receipts (2019 Nett Receipt) | - | 64 | ||
| Bank & Building Society Interest | - | - | ||
| Dividends & Investment Income | 4,210 | 5,796 | ||
| Realised Gains/(Losses) on Sale of Investments | - | - | ||
| ---------- | 41,941 | ---------- | 54,474 | |
| EXPENDITURE : | ||||
| Event, Function & Musical Extravaganza Expenses | 1,141 | 2,113 | ||
| Property Running Expenses (inc Caretaker Wages) | 19,769 | 25,396 | ||
| Salaries, Pensions & Preaching Fees | 18,187 | 18,603 | ||
| Subcriptions, Donations and General | ||||
| Assembly Fees & Contributions | 1,692 | 3,227 | ||
| Administrative Expenses | 807 | 1,609 | ||
| Repairs, Renewals & Refurbishments | 8,215 | 8,974 | ||
| Depreciation on Fixtures, Fittings & Equipment | 1,203 | 1,504 | ||
| ---------- | 51,014 | ---------- | 61,426 | |
| --------- | --------- | |||
| SURPLUS/(DEFICIT) | (9,073) | (6,952) | ||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2020
| NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2020 |
||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | £ | £ | |
| FIXED ASSETS | ||||
| Land at cost | 5,101 | 5,101 | ||
| Chapel | 1,000 | 1,000 | ||
| 95 Church Street | 13,000 | 13,000 | ||
| Car Park | 24,381 | 24,381 | ||
| Less Amount written off to Income & | ||||
| Expenditure Account | (24,381) | (24,381) | ||
| ---------- | 19,101 | ---------- | 19,101 | |
| Fixtures, Fittings & Equipment at cost | 74,145 | 74,145 | ||
| Less Depreciation at 20% p.a. to date | (69,331) | (68,128) | ||
| ---------- | 4,814 | ---------- | 6,017 | |
| --------- | --------- | |||
| 23,915 | 25,118 | |||
| INVESTMENTS | ||||
| Stocks & Shares at market value (see Note 4) | 147,296 | 154,503 | ||
| CURRENT ASSETS | ||||
| Santander (Fundraising Account) | 10,935 | 11,653 | ||
| Junior Bank Account | 23 | 23 | ||
| Barclays Current Account | 52,134 | 62,197 | ||
| --------- | --------- | |||
| 63,092 | 73,873 | |||
| CURRENT LIABILITIES | ||||
| Creditors | - | - | ||
| ---------- | 63,092 | ---------- | 73,873 | |
| --------- | --------- | |||
| 234,303 | 253,494 | |||
| ====== | ====== | |||
| FINANCED BY : | ||||
| Accumulated Fund brought forward | 214,833 | 221,786 | ||
| Surplus/(Deficit) for year | (9,073) | (6,952) | ||
| Unrealised Gains/(Losses) on Investments b/f | 38,660 | 28,543 | 24,014 | |
| Unrealised Gains/(Losses) on Investments in year | (10,117) | 14,646 | ||
| Unrealised Gains/(Losses) on Investments c/f | ---------- | 28,543 | ---------- | 38,660 |
| --------- | --------- | |||
| 234,303 | 253,494 | |||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL
ACCOUNTANTS REPORT
We have prepared the above attached Income & Expenditure Account and Balance Sheet from the information and explanations supplied to us.
IAN DALZELL LTD CHARTERED ACCOUNTANTS
15 March 2021
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL
NOTES TO THE ACCOUNTS for the year ended 31 December 2020
- Investments comprise:
| Investments comprise: | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Number of | Market | Number of | Market | |
| Shares | Value | Shares | Value | |
| £ | £ | £ | £ | |
| BMO Commercial Property Trust (cost £4,961) | 4,900 | 3,920 | 4,900 | 5,664 |
| GlaxoSmithKline (cost £5,971) | 430 | 5,771 | 430 | 7,650 |
| Henderson Far Eastern Income (cost £10,997) | 3,657 | 11,940 | 3,657 | 13,366 |
| Henderson High Income (cost £9,832) | 6,080 | 8,938 | 6,080 | 11,658 |
| Lazard Global Equity Income (cost £11,000) | 13,322 | 15,667 | 13,322 | 14,618 |
| Lloyds Banking Gp Ordinary (cost £6,844) | 8,176 | 2,979 | 8,176 | 5,110 |
| National Grid (cost £7,488) (11 for 12 08/17) | 1,176 | 10,172 | 1,176 | 11,105 |
| Liontrust Global Equity A Acc (cost £11,000) | 4,559 | 30,372 | 4,559 | 23,251 |
| Newton Global Growth & Income (cost £20,000) | 17,049 | 24,775 | 17,049 | 24,891 |
| Premier Foods (cost £6,129) | 2,000 | 2,004 | 2,000 | 757 |
| Royal Dutch Shell "B" (cost £7,509) | 342 | 4,438 | 342 | 7,659 |
| Schroder Real Estate Investment Trust (cost £2,171) | 5,530 | 2,157 | 5,530 | 3,058 |
| Tate & Lyle Ordinary (cost £3,304) | 903 | 6,090 | 903 | 6,865 |
| Whitbread Ordinary (cost £2,736) | 389 | 12,059 | 389 | 18,851 |
| Whitbread Ordinary (cost £2,910) | 194 | 6,014 | ||
| ---------- | ---------- | |||
| 147,296 | 154,503 | |||
| ====== | ====== |
-
During 2020 £18,000 (2019 : £18,000) fees were paid to the Lancashire Collaborative Ministry.
-
Donations to charites totalling £750 (2019: £1,500) were made from Musical Extravaganza receipts and are included in Subscriptions, Donations, etc., paid.
-
There were no Additions to Equipment in 2020 or 2019.
-
Included in Repairs in 2020 are the remedial electrical works to bringing up the property to current standards £4,992.
-
Included in Repairs in 2019 are the knocking down of the outhouse at 95 Church Street and building a replacement £2,360.
| 5. Property Running Expenses (inc Caretaker Wages) comprise: Wages (including NIC and pension) Heat, Light, Power & Water Insurance Waste Removal and Cleaning Materials |
2020 £ 9,954 4,294 5,297 224 19,769 |
2019 £ 12,253 6,496 5,307 1,340 |
|---|---|---|
| 25,396 |
NAZARETH UNITARIAN CHAPEL FINANCIAL STATEMENTS for the year ended 31 December 2020
Prepared by
IAN DALZELL LTD CHARTERED ACCOUNTANTS
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL INCOME AND EXPENDITURE ACCOUNT for the year ended 31 December 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOME : | ||||
| Collections (Open & Envelopes) | 6,013 | 5,107 | ||
| Subcriptions, Donations & Grants | 25,060 | 24,456 | ||
| Bequests | - | - | ||
| Tax Reclaimed (Gift Aid) | - | - | ||
| Rentals & Function Fees Received | 6,599 | 12,467 | ||
| Musical Extravaganza Account Receipts | 32 | 3,814 | ||
| Event Receipts | 27 | 2,770 | ||
| 100 Club Receipts (2019 Nett Receipt) | - | 64 | ||
| Bank & Building Society Interest | - | - | ||
| Dividends & Investment Income | 4,210 | 5,796 | ||
| Realised Gains/(Losses) on Sale of Investments | - | - | ||
| ---------- | 41,941 | ---------- | 54,474 | |
| EXPENDITURE : | ||||
| Event, Function & Musical Extravaganza Expenses | 1,141 | 2,113 | ||
| Property Running Expenses (inc Caretaker Wages) | 19,769 | 25,396 | ||
| Salaries, Pensions & Preaching Fees | 18,187 | 18,603 | ||
| Subcriptions, Donations and General | ||||
| Assembly Fees & Contributions | 1,692 | 3,227 | ||
| Administrative Expenses | 807 | 1,609 | ||
| Repairs, Renewals & Refurbishments | 8,215 | 8,974 | ||
| Depreciation on Fixtures, Fittings & Equipment | 1,203 | 1,504 | ||
| ---------- | 51,014 | ---------- | 61,426 | |
| --------- | --------- | |||
| SURPLUS/(DEFICIT) | (9,073) | (6,952) | ||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2020
| NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2020 |
||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | £ | £ | |
| FIXED ASSETS | ||||
| Land at cost | 5,101 | 5,101 | ||
| Chapel | 1,000 | 1,000 | ||
| 95 Church Street | 13,000 | 13,000 | ||
| Car Park | 24,381 | 24,381 | ||
| Less Amount written off to Income & | ||||
| Expenditure Account | (24,381) | (24,381) | ||
| ---------- | 19,101 | ---------- | 19,101 | |
| Fixtures, Fittings & Equipment at cost | 74,145 | 74,145 | ||
| Less Depreciation at 20% p.a. to date | (69,331) | (68,128) | ||
| ---------- | 4,814 | ---------- | 6,017 | |
| --------- | --------- | |||
| 23,915 | 25,118 | |||
| INVESTMENTS | ||||
| Stocks & Shares at market value (see Note 4) | 147,296 | 154,503 | ||
| CURRENT ASSETS | ||||
| Santander (Fundraising Account) | 10,935 | 11,653 | ||
| Junior Bank Account | 23 | 23 | ||
| Barclays Current Account | 52,134 | 62,197 | ||
| --------- | --------- | |||
| 63,092 | 73,873 | |||
| CURRENT LIABILITIES | ||||
| Creditors | - | - | ||
| ---------- | 63,092 | ---------- | 73,873 | |
| --------- | --------- | |||
| 234,303 | 253,494 | |||
| ====== | ====== | |||
| FINANCED BY : | ||||
| Accumulated Fund brought forward | 214,833 | 221,786 | ||
| Surplus/(Deficit) for year | (9,073) | (6,952) | ||
| Unrealised Gains/(Losses) on Investments b/f | 38,660 | 28,543 | 24,014 | |
| Unrealised Gains/(Losses) on Investments in year | (10,117) | 14,646 | ||
| Unrealised Gains/(Losses) on Investments c/f | ---------- | 28,543 | ---------- | 38,660 |
| --------- | --------- | |||
| 234,303 | 253,494 | |||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL
ACCOUNTANTS REPORT
We have prepared the above attached Income & Expenditure Account and Balance Sheet from the information and explanations supplied to us.
IAN DALZELL LTD CHARTERED ACCOUNTANTS
15 March 2021
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL
NOTES TO THE ACCOUNTS for the year ended 31 December 2020
- Investments comprise:
| Investments comprise: | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Number of | Market | Number of | Market | |
| Shares | Value | Shares | Value | |
| £ | £ | £ | £ | |
| BMO Commercial Property Trust (cost £4,961) | 4,900 | 3,920 | 4,900 | 5,664 |
| GlaxoSmithKline (cost £5,971) | 430 | 5,771 | 430 | 7,650 |
| Henderson Far Eastern Income (cost £10,997) | 3,657 | 11,940 | 3,657 | 13,366 |
| Henderson High Income (cost £9,832) | 6,080 | 8,938 | 6,080 | 11,658 |
| Lazard Global Equity Income (cost £11,000) | 13,322 | 15,667 | 13,322 | 14,618 |
| Lloyds Banking Gp Ordinary (cost £6,844) | 8,176 | 2,979 | 8,176 | 5,110 |
| National Grid (cost £7,488) (11 for 12 08/17) | 1,176 | 10,172 | 1,176 | 11,105 |
| Liontrust Global Equity A Acc (cost £11,000) | 4,559 | 30,372 | 4,559 | 23,251 |
| Newton Global Growth & Income (cost £20,000) | 17,049 | 24,775 | 17,049 | 24,891 |
| Premier Foods (cost £6,129) | 2,000 | 2,004 | 2,000 | 757 |
| Royal Dutch Shell "B" (cost £7,509) | 342 | 4,438 | 342 | 7,659 |
| Schroder Real Estate Investment Trust (cost £2,171) | 5,530 | 2,157 | 5,530 | 3,058 |
| Tate & Lyle Ordinary (cost £3,304) | 903 | 6,090 | 903 | 6,865 |
| Whitbread Ordinary (cost £2,736) | 389 | 12,059 | 389 | 18,851 |
| Whitbread Ordinary (cost £2,910) | 194 | 6,014 | ||
| ---------- | ---------- | |||
| 147,296 | 154,503 | |||
| ====== | ====== |
-
During 2020 £18,000 (2019 : £18,000) fees were paid to the Lancashire Collaborative Ministry.
-
Donations to charites totalling £750 (2019: £1,500) were made from Musical Extravaganza receipts and are included in Subscriptions, Donations, etc., paid.
-
There were no Additions to Equipment in 2020 or 2019.
-
Included in Repairs in 2020 are the remedial electrical works to bringing up the property to current standards £4,992.
-
Included in Repairs in 2019 are the knocking down of the outhouse at 95 Church Street and building a replacement £2,360.
| 5. Property Running Expenses (inc Caretaker Wages) comprise: Wages (including NIC and pension) Heat, Light, Power & Water Insurance Waste Removal and Cleaning Materials |
2020 £ 9,954 4,294 5,297 224 19,769 |
2019 £ 12,253 6,496 5,307 1,340 |
|---|---|---|
| 25,396 |