TRUSTEE’S REPORT 2022
I have little to report in this year’s Report for the simple reason we have only had one short meeting essentially as there were no outstanding matters.
The long outstanding repair to the barge board at 95 Church Street had at last been replaced.
One outstanding matter of appointing a new Trustee was effected. The Secretary prepared the relevant legal document which was formally approved signed and delivered at the AGM and Robert Foreman was duly appointed.
The Trustees are delighted to note the many positive comments for all the works carried out in the schoolrooms. Axiomatically this has resulted in a welcome increase in rentals.
The Trustees have made no changes to our investments during the last financial year, but the deficit is giving concern and is being closely monitored.
The secretary would like to place on record his thanks for the unanimous support of members for the actions we have taken during the last year.
Barry R. Brown Hon. Secretary Trustees
March 05, 2023
NAZARETH UNITARIAN CHAPEL FINANCIAL STATEMENTS for the year ended 31 December 2022
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 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOME : | ||||
| Collections (Open & Envelopes) | 6,735 | 5,241 | ||
| Subcriptions, Donations & Grants | 42,643 | 17,780 | ||
| Bequests | - | - | ||
| Tax Reclaimed (Gift Aid) | 2,227 | - | ||
| Rentals & Function Fees Received | 8,487 | 8,508 | ||
| Musical Extravaganza Account Receipts | - | 225 | ||
| Event Receipts | 4,324 | 1,973 | ||
| 100 Club Receipts (2019 Nett Receipt) | - | - | ||
| Insurance Claim for Covid | 18,246 | |||
| Bank & Building Society Interest | - | - | ||
| Dividends & Investment Income | 6,151 | 4,557 | ||
| Realised Gains/(Losses) on Sale of Investments | - | - | ||
| ---------- | 88,813 | ---------- | 38,284 | |
| EXPENDITURE : | ||||
| Event, Function & Musical Extravaganza Expenses | 2,258 | 706 | ||
| Property Running Expenses (inc Caretaker Wages) | 29,727 | 24,863 | ||
| Salaries, Pensions & Preaching Fees | 18,050 | 18,150 | ||
| Subcriptions, Donations and General | ||||
| Assembly Fees & Contributions | 1,699 | 1,920 | ||
| Administrative Expenses | 622 | 917 | ||
| Repairs, Renewals & Refurbishments | 1,077 | 6,042 | ||
| Depreciation on Fixtures, Fittings & Equipment | 931 | 1,164 | ||
| ---------- | 54,364 | ---------- | 53,762 | |
| --------- | --------- | |||
| SURPLUS/(DEFICIT) | 34,449 | (15,478) | ||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2021
| NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2021 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | £ | £ | |
| 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 | 75,150 | 74,145 | ||
| Additions | - | 1,006 | ||
| Less Depreciation at 20% p.a. to date | (71,426) | (70,495) | ||
| ---------- | 3,724 | ---------- | 4,656 | |
| --------- | --------- | |||
| 22,825 | 23,757 | |||
| INVESTMENTS | ||||
| Stocks & Shares at market value (see Note 4) | 147,274 | 164,268 | ||
| CURRENT ASSETS | ||||
| Santander (Fundraising Account) | 11,179 | 11,179 | ||
| Junior Bank Account | 23 | 23 | ||
| Barclays Current Account | 71,949 | 36,570 | ||
| --------- | --------- | |||
| 83,151 | 47,772 | |||
| CURRENT LIABILITIES | ||||
| Creditors | - | - | ||
| ---------- | 83,151 | ---------- | 47,772 | |
| --------- | --------- | |||
| 253,250 | 235,797 | |||
| ====== | ====== | |||
| FINANCED BY : | ||||
| Accumulated Fund brought forward | 190,280 | 205,760 | ||
| Surplus/(Deficit) for year | 34,449 | (15,478) | ||
| Unrealised Gains/(Losses) on Investments b/f | 45,515 | 28,543 | ||
| Unrealised Gains/(Losses) on Investments in year | (16,995) | 16,972 | ||
| Unrealised Gains/(Losses) on Investments c/f | ---------- | 28,520 | ---------- | 45,515 |
| --------- | --------- | |||
| 253,249 | 235,797 | |||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL
1
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
17 March 2023
CHARTERED ACCOUNTANTS
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL
NOTES TO THE ACCOUNTS for the year ended 31 December 2022
- Investments comprise:
| Investments comprise: | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number of | Market | Number of | Market | |
| Shares | Value | Shares | Value | |
| £ | £ | £ | £ | |
| BMO Commercial Property Trust (cost £4,961) | 4,900 | 4,336 | 4,900 | 5,145 |
| GlaxoSmithKline (cost £4,887) (4 for 5 22/07/22) | 344 | 4,945 | 430 | 6,908 |
| Haleon (cost £1084, demerger from GSK) | 430 | 1,408 | 860 | |
| Henderson Far Eastern Income (cost £10,997) | 3,657 | 9,993 | 3,657 | 10,788 |
| Henderson High Income (cost £9,832) | 6,080 | 9,986 | 6,080 | 10,792 |
| Lazard Global Equity Income (cost £11,000) | 13,322 | 17,574 | 13,322 | 17,652 |
| Lloyds Banking Gp Ordinary (cost £6,844) | 8,176 | 3,713 | 8,176 | 3,908 |
| National Grid (cost £7,488) (11 for 12 08/17) | 1,176 | 11,729 | 1,176 | 12,463 |
| Liontrust Global Equity A Acc (cost £11,000) | 4,559 | 23,023 | 4,559 | 33,713 |
| Newton Global Growth & Income (cost £20,000) | 17,049 | 26,641 | 17,049 | 28,727 |
| Premier Foods (cost £6,129) | 2,000 | 2,172 | 2,000 | 2,236 |
| Schroder Real Estate Investment Trust (cost £2,171) | 5,530 | 2,394 | 5,530 | 2,959 |
| Shell Global (cost £7,509) | 342 | 7,955 | 342 | 5,544 |
| Tate & Lyle Ordinary (cost £3,304) | 903 | 6,422 | 903 | 5,972 |
| Whitbread Ordinary (cost £2,736) | 389 | 9,997 | 389 | 11,651 |
| Whitbread Ordinary (cost £2,910) | 194 | 4,986 | 194 | 5,810 |
| ---------- | ---------- | |||
| 147,274 | 164,268 | |||
| ====== | ====== |
-
During 2022 £18,000 (2021: £18,000) fees were paid to the Lancashire Collaborative Ministry.
-
Donations to charities totalling £nil (2020: £nil) were made from Musical Extravaganza receipts and are included in Subscriptions, Donations, etc., paid.
| 4. Property Running Expenses (inc Caretaker Wages) comprise: Wages (including NIC and pension) Heat, Light, Power, Water + Phone Insurance Waste Removal and Cleaning Materials |
2022 £ 10,897 12,078 5,938 814 29,727 |
2021 £ 10,288 8,444 5,608 523 24,863 |
|---|---|---|
NAZARETH UNITARIAN CHAPEL FINANCIAL STATEMENTS for the year ended 31 December 2022
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 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOME : | ||||
| Collections (Open & Envelopes) | 6,735 | 5,241 | ||
| Subcriptions, Donations & Grants | 42,643 | 17,780 | ||
| Bequests | - | - | ||
| Tax Reclaimed (Gift Aid) | 2,227 | - | ||
| Rentals & Function Fees Received | 8,487 | 8,508 | ||
| Musical Extravaganza Account Receipts | - | 225 | ||
| Event Receipts | 4,324 | 1,973 | ||
| 100 Club Receipts (2019 Nett Receipt) | - | - | ||
| Insurance Claim for Covid | 18,246 | |||
| Bank & Building Society Interest | - | - | ||
| Dividends & Investment Income | 6,151 | 4,557 | ||
| Realised Gains/(Losses) on Sale of Investments | - | - | ||
| ---------- | 88,813 | ---------- | 38,284 | |
| EXPENDITURE : | ||||
| Event, Function & Musical Extravaganza Expenses | 2,258 | 706 | ||
| Property Running Expenses (inc Caretaker Wages) | 29,727 | 24,863 | ||
| Salaries, Pensions & Preaching Fees | 18,050 | 18,150 | ||
| Subcriptions, Donations and General | ||||
| Assembly Fees & Contributions | 1,699 | 1,920 | ||
| Administrative Expenses | 622 | 917 | ||
| Repairs, Renewals & Refurbishments | 1,077 | 6,042 | ||
| Depreciation on Fixtures, Fittings & Equipment | 931 | 1,164 | ||
| ---------- | 54,364 | ---------- | 53,762 | |
| --------- | --------- | |||
| SURPLUS/(DEFICIT) | 34,449 | (15,478) | ||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2021
| NAZARETH UNITARIAN CHAPEL BALANCE SHEET as at 31 December 2021 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | £ | £ | |
| 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 | 75,150 | 74,145 | ||
| Additions | - | 1,006 | ||
| Less Depreciation at 20% p.a. to date | (71,426) | (70,495) | ||
| ---------- | 3,724 | ---------- | 4,656 | |
| --------- | --------- | |||
| 22,825 | 23,757 | |||
| INVESTMENTS | ||||
| Stocks & Shares at market value (see Note 4) | 147,274 | 164,268 | ||
| CURRENT ASSETS | ||||
| Santander (Fundraising Account) | 11,179 | 11,179 | ||
| Junior Bank Account | 23 | 23 | ||
| Barclays Current Account | 71,949 | 36,570 | ||
| --------- | --------- | |||
| 83,151 | 47,772 | |||
| CURRENT LIABILITIES | ||||
| Creditors | - | - | ||
| ---------- | 83,151 | ---------- | 47,772 | |
| --------- | --------- | |||
| 253,250 | 235,797 | |||
| ====== | ====== | |||
| FINANCED BY : | ||||
| Accumulated Fund brought forward | 190,280 | 205,760 | ||
| Surplus/(Deficit) for year | 34,449 | (15,478) | ||
| Unrealised Gains/(Losses) on Investments b/f | 45,515 | 28,543 | ||
| Unrealised Gains/(Losses) on Investments in year | (16,995) | 16,972 | ||
| Unrealised Gains/(Losses) on Investments c/f | ---------- | 28,520 | ---------- | 45,515 |
| --------- | --------- | |||
| 253,249 | 235,797 | |||
| ====== | ====== |
NAZARETH UNITARIAN CHAPEL
1
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
17 March 2023
CHARTERED ACCOUNTANTS
Broughton Lodge Mews Field Broughton Grange-over-Sands Cumbria LA11 6HL
NAZARETH UNITARIAN CHAPEL
NOTES TO THE ACCOUNTS for the year ended 31 December 2022
- Investments comprise:
| Investments comprise: | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number of | Market | Number of | Market | |
| Shares | Value | Shares | Value | |
| £ | £ | £ | £ | |
| BMO Commercial Property Trust (cost £4,961) | 4,900 | 4,336 | 4,900 | 5,145 |
| GlaxoSmithKline (cost £4,887) (4 for 5 22/07/22) | 344 | 4,945 | 430 | 6,908 |
| Haleon (cost £1084, demerger from GSK) | 430 | 1,408 | 860 | |
| Henderson Far Eastern Income (cost £10,997) | 3,657 | 9,993 | 3,657 | 10,788 |
| Henderson High Income (cost £9,832) | 6,080 | 9,986 | 6,080 | 10,792 |
| Lazard Global Equity Income (cost £11,000) | 13,322 | 17,574 | 13,322 | 17,652 |
| Lloyds Banking Gp Ordinary (cost £6,844) | 8,176 | 3,713 | 8,176 | 3,908 |
| National Grid (cost £7,488) (11 for 12 08/17) | 1,176 | 11,729 | 1,176 | 12,463 |
| Liontrust Global Equity A Acc (cost £11,000) | 4,559 | 23,023 | 4,559 | 33,713 |
| Newton Global Growth & Income (cost £20,000) | 17,049 | 26,641 | 17,049 | 28,727 |
| Premier Foods (cost £6,129) | 2,000 | 2,172 | 2,000 | 2,236 |
| Schroder Real Estate Investment Trust (cost £2,171) | 5,530 | 2,394 | 5,530 | 2,959 |
| Shell Global (cost £7,509) | 342 | 7,955 | 342 | 5,544 |
| Tate & Lyle Ordinary (cost £3,304) | 903 | 6,422 | 903 | 5,972 |
| Whitbread Ordinary (cost £2,736) | 389 | 9,997 | 389 | 11,651 |
| Whitbread Ordinary (cost £2,910) | 194 | 4,986 | 194 | 5,810 |
| ---------- | ---------- | |||
| 147,274 | 164,268 | |||
| ====== | ====== |
-
During 2022 £18,000 (2021: £18,000) fees were paid to the Lancashire Collaborative Ministry.
-
Donations to charities totalling £nil (2020: £nil) were made from Musical Extravaganza receipts and are included in Subscriptions, Donations, etc., paid.
| 4. Property Running Expenses (inc Caretaker Wages) comprise: Wages (including NIC and pension) Heat, Light, Power, Water + Phone Insurance Waste Removal and Cleaning Materials |
2022 £ 10,897 12,078 5,938 814 29,727 |
2021 £ 10,288 8,444 5,608 523 24,863 |
|---|---|---|