2023-12-31-accounts - Beulah United Reformed Church

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BEULAH UNITED REFORMED CHURCH

ACCOUNTS

YEAR ENDED 31 DECEMBER 2023

Williams Ross Limited Chartered Accountants CARDIFF

BEULAH UNITED REFORMED CHURCH

INFORMATION YEAR ENDED 31 DECEMBER 2023

Principal Address	Beulah United Reformed Church
	Beulah Road
	Rhiwbina
	Cardiff CF14 6LT
Trustees	Mr Huw Morgan (Chair)	(resigned 28 February 2023)
	Mrs Ruth H Williams (Chair)	(appointed 28 February 2023)
	Mrs Barbara Rhys (Church Treasurer)
	Mr Colin Grimes
	Mrs Eleri John
	Mr Harley Jones
	Mrs Fiona Reynolds
Bankers	CAF Bank Ltd
	PO Box 280
	West Malling
	Kent
	ME19 4TA
Independent Examiners	Williams Ross Limited
	Chartered Accountants
	4 Ynys Bridge Court
	Gwaelod Y Garth
	Cardiff
	CF15 9SS
Charity Name	Beulah United Reformed Church
Charity Registration No.	236457

BEULAH UNITED REFORMED CHURCH

INDEX TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023

	Page
Annual Report	1 - 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7-11
Schedules to the Accounts:
Detailed Income Statement - General Fund	12
Detailed Expense Statement - General Fund	13
Designated Funds - Movement in Year	14
Restricted Funds - Movement in Year	15

BEULAH UNITED REFORMED CHURCH

ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023

The trustees are pleased to present their annual report and accounts of the charity for the year ended 31 December 2023.

The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charitles Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

Treasurer's Review of the Year

I and the Fnance Committee have continued to encourage members and friends to make their committed offerings via a monthly Standing Order but some prefer to make a BACS payment when they are able and we do receive the occasional cheque. The bank had increased its monthly administration fee but reduced it again to its original level for which we are grateful. However, they are now charging an administration fee if we bank in excess of £2,000.00 in cash in any one month. We have incurred this cost on more than one occasion as the majority of people still pay cash for our lunchtime concerts, for refreshments in the Whittaker Lounge and often use cash when we are fundraising for other charities, but we find that the card reader is being used more often than before.

Gift Aid is slightly down as our overall membership has decreased, but is still a sum of money which is an essential part of our annual income. I am pleased to report that our investments have turned the corner and in spite of decreasing during 2022, they have increased in value during 2023.

The Canolfan continues to be a busy place and the majority of those using the building have been with us for a very long time. It was therefore with a heavy heart that we had to increase our hourly rental rates early in the year and again in September to help us cover our increased costs.

In July we installed AV equipment to allow us to show family, community films in the Canolfan which we are hoping to do monthly going forward.

The Church, via our Eco Group, continues to campaign on reducing our carbon footprint and raising awareness of climate change and other environmental issues, and leading the way in showing us how we can help and be involved. We are working towards another Eco award for the Church and have been awarded a Green Flag Community Award for our Canolfan garden for the second year running.

As well as raising awareness, we have continued to raise funds for a number of local and global charities and this year we have been able to distribute a total of £17,565.52.

We were sad that our Chair, Huw Morgan, had to resign during the year due to ill health and he sadly passed away in October. He was a long-standing and well-loved member of the Finance Committee and his wise counsel has been very much missed. We are grateful to Ruth Williams for so willingly taking over the Chair.

Every member and friend of Beulah has helped to maintain the Church financially, and we have been able to meet our commitment to the M&M Fund and cover our other expenditure. My thanks to you all, and in particular to the members of the Finance Committee, for your continued support.

Summarising the funds for the year:

Summarising the funds for the year:
General Fund Designated Funds Total	2023 £ 463,412 4,572 467,984	2022 £ 405,313 5,898
		411,211

BEULAH UNITED REFORMED CHURCH

ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023

Whilst the general fund is at a reasonable level, it is felt that such funds could be called upon in coming years given the ever increasing costs that will need to be met.

Main Objects

To foster and finance the religious and charitable objectives of the Church.

Constitution

Beulah United Reformed Church is a member of the Wales Synod of the United Reformed Church (URC) being the URC as defined in the URC Act 1972 and now a National Synod as amended by the URC Act 2000.

Public Benefit Statement

The trustees are aware of the Charity Commission's guidance on public benefit in 'The Advancement of Religion for the Public Benefit' and has regard to it in the administration of the Church.

They believe that the Church provides benefit to the public by:

providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development both for the congregation and for anyone else who wishes to benefit from what the Church offers.

promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole.

Reserves Policy

The general fund reserves policy is to retain prudent levels of funding to maintain the religious and charitable work of the Church.

As detailed in note 1 above, the total balance held in unrestricted funds as at the balance sheet date was £467,984 (2022 - £411,211). This amount is held to cover for financial commitments that the church will have to meet in the future including, specifically, church and manse maintenance.

Budgets are prepared each year with actual income and expenditure being monitored against the budgets.

Investment Policy and Performance

The investment policy is implemented by the Finance Committee. The Committee considers the most appropriate policy for investing funds and has found that specialised equity, fixed interest and government stock investment, designed for the charity sector, meets the requirements to generate both income and capital growth.

For the year under review there was a net unrealised gain on revaluation amounting to £22,350 (2022 - overall revaluation loss of £38,770). These gains are in line with general stock market movements for the year under review. The investment policy is under review in order to try to maintain the difficult balance in today's economic situation of seeking to mitigate losses as far as possible in the future whilst attempting to obtain the best income and capital growth to support church's main objects.

Risk Management Policy

The consideration of financial risk is undertaken by the Finance Committee. Other risk assessments are undertaken by Elders, Health and Safety Group and Premises Management Committee. The major potential financial risks which could arise are considered to be in relation to unexpected significant loss of income or unbudgeted expenditure together with potential losses on church investments. Non financial risk areas would include fire risk, health & safety issues etc.

Reviews have been carried out to assess risks in certain areas of operation and it is intended that further reviews are undertaken to provide a comprehensive assessment of potential key risk areas and to ensure that relevant procedures put in place to mitigate those risks.

BEULAH UNITED REFORMED CHURCH

ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023

Related Parties

No trustees received any remuneration or other recompense from the Church in their capacity as trustees.

Statement of Trustees' Responsibilities

The Finance Committee, who are trustees for the purposes of charity law, are responsible for the preparation of the accounts for each financial year which give a true and fair view of the church's state of affairs as at the balance sheet date and of its financial activities for that period. In preparing those accounts the trustees are required to:

select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; prepare the accounts on a going concern basis unless it is inappropriate to presume that the church will continue to operate.

The Finance Committee are responsible for keeping proper accounting records which disclose, with reasonable accuracy, at any time the church's financial position and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the church's assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiners

Williams Ross Limited, Chartered Accountants have indicated their willingness to accept re-appointment as independent examiners for a further term.

Signed on behalf of the Finance Committee

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………………………………………… …………………………………………
Ruth H Williams - Chair Date
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INDEPENDENT EXAMINER'S REPORT TO THE ELDERS OF BEULAH UNITED REFORMED CHURCH

We report on the accounts of the Church for the year ended 31 December 2023, which are set out on pages 5 to 11.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to:

examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and to state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in the UK and Republic of Ireland preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) issued on 16 July 2014 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sian Marshall for and on behalf of Williams Ross Limited Chartered Accountants

4 Ynys Bridge Court Gwaelod Y Garth Cardiff CF15 9SS

Date …………………………………………

BEULAH UNITED REFORMED CHURCH

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023

INCOME Voluntary Income Committed Offerings Loose Collections Junior Church Offerings Gift Aid Tax Reclaim Fund Raising Other donations / loans Sundry income Investment Income Interest (all accounts) Trading Income Counter Receipts Other Income Use of Premises Grants receivable Total incoming resources EXPENDITURE Costs of Raising Funds Supplies and Direct Costs Charitable Activities M & M Contribution Ministry Premises Costs Charitable Donations Other Outgoings Independent Examiner's fee Total resources used Net income / (expenditure) Transfers between funds Net movement in funds Reconciliation of funds Balances at beginning of year Balances at end of year Net gains (losses) on investments	Total Funds £ 53,993 1,539 3 12,718 9,709 38,921 6,420 11,141 3,463 42,293 - 180,200 11,895 66,720 7,861 41,455 17,566 12,029 1,020 158,546 22,350 44,004 - 44,004 431,424 475,428	Restricted General Designated Funds £ £ £ 53,993 - - 1,539 - - 3 - - 12,718 - - - 4,912 4,797 38,732 189 - 6,420 - - 11,141 - - 3,463 - - 42,293 - - - - - 170,302 5,101 4,797 3,742 8,153 - 66,720 - - 7,861 - - 41,455 - - - - 17,566 12,029 - - 1,020 - - 132,827 8,153 17,566 22,350 - - 59,825 (3,052) (12,769) (1,726) 1,726 - 58,099 (1,326) (12,769) 405,313 5,898 20,213 463,412 4,572 7,444 2023 Unrestricted Funds	2022 Total Funds £ 53,264 1,602 30 13,313 14,596 25,798 39,979 5,284 2,271 38,824 -
			194,961
			6,109 66,720 14,219 36,170 14,163 12,259 1,020
			150,660
			(38,770)
			5,531 -
			5,531 425,893
			431,424

BEULAH UNITED REFORMED CHURCH

BALANCE SHEET 31 DECEMBER 2023

Note FIXED ASSETS Tangible Assets 2 Investments 3 NET CURRENT ASSETS Debtors 4 COIF Deposit Account Cash in bank LESS: CURRENT LIABILITIES 5 NET CURRENT ASSETS TOTAL NET ASSETS Representing FUNDS General fund Designated funds Restricted funds TOTAL FUNDS	£ £ 19,767 283,052 302,819 6,119 166,639 7,106 179,864 7,255 172,609 475,428 463,412 4,572 7,444 475,428 2023	£ £ - 260,701 260,701 5,173 141,639 29,312 176,124 5,401 170,723 431,424 405,313 5,898 20,213 431,424 2022	£ £ - 260,701 260,701 5,173 141,639 29,312 176,124 5,401 170,723 431,424 405,313 5,898 20,213 431,424 2022
			260,701 170,723
		176,124 5,401

			431,424
			405,313 5,898 20,213
			431,424

Approved by the finance committee on …………………………………… and signed on their behalf by:

…………………………………. Ruth H Williams - Chair

…………………………………. Barbara A Rhys - Treasurer

BEULAH UNITED REFORMED CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023

1 ACCOUNTING POLICIES

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The particular accounting policies used are described below.

a) Donations

Donations are accounted for gross when received.

b) Legacies

Legacies are accounted for when their receipt is certain and can be properly quantified.

c) Investment Income

Investment income is included in the accounts in the year in which it is receivable.

d) Grants payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid.

e) Classification of funds

Funds are classified according to the manner in which they are allowed to be spent. The General Fund deals with funds that can be spent generally for furthering the religious and charitable work of the church.

Designated funds are funds which have been set aside for specific purposes but which can be returned to the General Fund at any time if Church Meeting so decides.

Restricted funds are funds whose use is restricted according to the terms on which they were received; for example, collections for specific causes, or properties the proceeds of a sale of which cannot be used without the approval of URC Synod for Wales.

f) Tangible fixed assets

The church buildings, and fixtures and fittings considered to be an integral part of the building, together with the manse, are not capitalised in the accounts as the beneficial ownership of the assets rests with the URC (Wales) Trust Co Ltd. Details of approximate market value, or failing that, insurance cover values are set out in Note 2 (b) of the accounts.

Other fixed assets are stated at estimated market value or cost, except that items costing less than £250 are written off in the year of purchase.

Depreciation is calculated at the following percentages on cost or valuation:

Solar panels - 10% straight line Church improvements - 5% straight line Office equipment - 10% straight line

g) Investments

Investments are stated at their market value as at the balance sheet date.

BEULAH UNITED REFORMED CHURCH

NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 DECEMBER 2023

2 TANGIBLE FIXED ASSETS

Cost or valuation At 1 January 2023 Additions during the year Revaluation Surplus At 31 December 2023 Depreciation At 1 January 2023 Charged during the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022	Solar Church Office panels Improvements Equipment £ 12,724 14,511 3,491 - 9,140 11,011 - - - 12,724 23,651 14,502 12,724 14,511 3,491 - - 384 12,724 14,511 3,875 - 9,140 10,627 - - -	Total £ 30,726 20,151 -
		50,877
		30,726 384
		31,110
		19,767
		-

As detailed in accounting policy Note 1(f), no values are included in these accounts for either the Church, Manse or Canolfan. The only values currently available are those for the current insurance cover. These values, as at the balance sheet date are £2,264,480 for the church, £405,492 for the manse and £2,837,494 for the Canolfan. The beneficial ownership of the Church, Manse and Canolfan Beulah rest with the URC (Wales) Trust Co Ltd.

3 INVESTMENTS

General Fund Columbia Threadneedle - Responsible Global Equity Fund - Responsible UK Equity Fund - Responsible UK Income Fund COIF - Ethical Investment Fund (Cost - £114,868) Total investments - at market value 4 DEBTORS Income receivable Prepayments	2023 £ 283,052 283,052 2,023 £ 3,761 2,358 6,119	2022 £ 260,701
		260,701
		2,022 £ 5,025 148
		5,173

BEULAH UNITED REFORMED CHURCH

NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 DECEMBER 2023

5 CURRENT LIABILITIES

Accruals Heat & Light Cleaning Ministers expenses Independent Examiner's Fees Bank charges Income received in advance	2023 £ 1,838 672 2,527 1,020 19 1,179 7,255	2022 £ 1,611 - 2,751 1,020 19 -
		5,401

6 TRANSACTIONS WITH TRUSTEES

The church made no payments to any individuals deemed to be trustees in their capacity as trustees (2022 - Nil).

7 INDEPENDENT EXAMINER

The fee charged for the year is £1,020 including VAT (2022 - £1,020).

8 MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted - General Fund Designated Funds: Christmas Lunch Youth Fellowship / Travel Holiday Club Concerts Paradise Run Flower Fund Beulah tots Warm Spaces Restricted - K.I.N. Summary of the above Unrestricted General Designated Restricted	At 1 January 2023	Income	Expenditure	Other Movements 20,624 - - - - - - - 1,726 1,726 - - 22,350 20,624 1,726 - 22,350	At 31 December 2023
	405,313 237 1,189 342 4,004 (122) 148 100 -	170,302 - - 139 4,912 - 50 - -	(132,827) (65) (86) - (6,276) - - - (1,726)		463,412 172 1,103 481 2,640 (122) 198 100 -
	5,898	5,101	(8,153)		4,572
	20,213	4,797	(17,566)		7,444
	20,213	4,797	(17,566)		7,444

	431,424	180,200	(158,546)		475,428
	405,313 5,898 20,213	170,302 5,101 4,797	(132,827) (8,153) (17,566)		463,412 4,572 7,444
	431,424	180,200	(158,546)		475,428

BEULAH UNITED REFORMED CHURCH

NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 DECEMBER 2023

Tangible Fixed Assets	Investments	At 31 December 2023
19,767 - - - - - - - -	283,052 - - - - - - - -	463,412 172 1,103 481 2,640 (122) 198 100 -
-	-	4,572
-	-	7,444
-	-	7,444

19,767	283,052	475,428
19,767 - -	283,052 - -	463,412 4,572 7,444
19,767	283,052	475,428

10 -

BEULAH UNITED REFORMED CHURCH

NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 DECEMBER 2023

11 DETAILED BREAKDOWN OF COMPARATIVE INCOME AND EXPENDITURE - YEAR ENDED 31 DECEMBER 2022

INCOME Charitable Activities Committed Offerings Loose Collections Junior Church Offerings Covenant Tax Reclaim Fund Raising Other donations/loans Sundries Investment Income Interest (all accounts) Trading Income Counter Receipts Other Income Use of Premises Grants receivable Total incoming resources EXPENDITURE Costs of Raising Funds Supplies and Direct Costs Charitable Activities M & M Contribution Ministry Premises Costs Charitable Donations Other Outgoings Independent Examiner's fee Total resources used Net Income / (expenditure) Transfers between funds Net Movement in Funds Reconciliation of funds Balances at beginning of year Balances at end of year Net gains (losses) on investments	Total Funds £ 53,264 1,602 30 13,313 14,596 25,798 39,979 5,284 2,271 38,824 - 194,961 6,109 66,720 14,219 36,170 14,163 12,259 1,020 150,660 (38,770) 5,531 - 5,531 425,893 431,424	Restricted General Designated Funds £ £ £ 53,264 - - 1,602 - - 30 - - 13,313 - - - 2,454 12,142 3,420 1,100 21,278 39,979 - - 5,284 - - 2,271 - - 38,824 - - - Unrestricted Funds
		157,987 3,554 33,420
		2,740 3,369 - 66,720 - - 14,219 - - 36,170 - - - - 14,163 12,259 - - 1,020 - -
		133,128 3,369 14,163
		(38,770) - -
		(13,911) 185 19,257 400 100 (500)
		(13,511) 285 18,757 418,824 5,613 1,456
		405,313 5,898 20,213

This page is included as a requirement of current accounting standards. It gives a detailed breakdown of the prior year income and expenditure as shown in summary on the SOFA on page 5.

11 -

BEULAH UNITED REFORMED CHURCH

GENERAL FUND - Detailed Incoming Resources and Results YEAR ENDED 31 DECEMBER 2023

INCOMING RESOURCES Committed Offerings Loose Collections Junior Church offerings Gift Aid Use of Premises: Manse Outside Lettings Interest on Accounts: Bank Interest (including Deposit a/c) Investments Other Income: Insurance claim Grant (URC (Wales) Trust) Ministers expenses reimbursement Bequests Donations Weddings & Funerals Solar panels Private Photocopying / Sundry Items Whittaker Lounge: Counter Receipts Total Incoming Resources Deduct:Resources Used_(page 13)_ Net Incoming Resources Transfer (to)/from Designated Fund Revaluation surplus / (deficit) Balance at beginning of year Balance at end of year	Actual 2022 £ 53,264 1,602 30 13,313 68,209 13,536 25,288 38,824 1,167 4,117 5,284 33,303 - 5,249 - 1,437 - 1,983 1,427 43,399 2,271 157,987 (133,128) 24,859 400 (38,770) 418,824 405,313	Actual 2023 £ 53,993 1,539 3 12,718 68,253 13,536 28,757 42,293 6,896 4,245 11,141 - - 2,984 30,000 5,590 - 3,142 3,436 45,152 3,463 170,302 (132,827) 37,475 (1,726) 22,350 405,313 463,412	Budget 2023 £ 59,000 1,500 50 13,500
			74,050
			13,536 35,000
			48,536
			700 4,000
			4,700
			- 1,500 7,420 5,000 100 2,000 2,500 100
			18,620.00
			2,200
			148,106 (206,175)
			(58,069) - - 405,313
			347,244

12 -

BEULAH UNITED REFORMED CHURCH

GENERAL FUND - Detailed Resources Used YEAR ENDED 31 DECEMBER 2023

Ministry: M & M Fund Ministers expenses (net) Pulpit Supply Premises Costs - Church & Canolfan: Cleaning & Caretaking Repairs & Maintenance Heat & Light, Water, Telephone Insurance (Church & Canolfan Beulah) Furniture & Equipment Premises Costs - Manse: Repairs & Maintenance Insurance / Council Tax / Water Whittaker Lounge: Donations Supplies Furniture & Equipment Repairs & Maintenance Refurbishment Other Expenses: Organ, Piano, Music etc. Worship Material Publicity Training Church Office & Secretary's Expenses Bookings manager Part-time Administrator Bank & Accountancy Charges Children's & Youth Work (inc Junior Church) Young Person's Travel Fund Art projects Garden Payment to URC (Wales) Trust Sundry Expenses Hardship fund Depreciation TOTAL RESOURCES USED(to page 12)	Actual 2,022 £ 66,720 14,004 215 80,939 10,863 9,929 9,269 4,130 1,425 35,616 120 434 554 - 2,523 217 - - 2,740 1,333 419 - - 3,546 - 548 1,281 1,121 500 3,077 20 200 1,234 - - 13,279 133,128	Actual 2,023 £ 66,720 7,847 14 74,581 13,655 2,935 13,093 4,576 560 34,819 6,120 516 6,636 - 3,742 - - - 3,742 1,713 622 - - 2,382 1,250 - 1,148 995 - 2,781 - - 1,774 - 384 13,049 132,827	Budget 2023 £ 67,000 14,000 400
			81,400
			15,000 32,000 12,500 4,500 2,000
			66,000
			25,000 470
			25,470
			100 3,000 200 250 3,000
			6,550
			1,500 650 500 200 3,600 - - 1,500 10,750 750 3,000 100 705 500 3,000 -
			26,755
			206,175

13 -

BEULAH UNITED REFORMED CHURCH

DESIGNATED FUNDS - Detailed Movements in Year YEAR ENDED 31 DECEMBER 2023

- 50 - - - - Christmas Lunch Youth Fellowship Flower Fund	139 - - 4,912 Holiday Club Concerts	Subtotal 189 4,912
- 50 -	139 4,912	5,101
- - - 65 - 86	- 6,276 - -	6,276 151
65 - 86	- 6,276	6,427
(65) 50 (86) - - -	139 (1,364) - -	(1,326) -
(65) 50 (86) - - - 237 148 1,189	139 (1,364) - - 342 4,004	(1,326) - 5,920
172 198 1,103	481 2,640	4,594
- - - - - - Paradise Run Beulah Tots Warm Spaces	Total 2023 189 4,912 5,101 6,276 1,877 8,153 (3,052) 1,726 (1,326) 5,898 4,572	Total 2022 1,100 2,454
- - -		3,554
- - - - - 1,726		2,777 592
- - 1,726		3,369
- - (1,726) - - 1,726		185 100
- - - (122) 100 -		285 5,613
(122) 100 -		5,898

14 -

BEULAH UNITED REFORMED CHURCH

RESTRICTED FUNDS - Detailed Movements in Year

YEAR ENDED 31 DECEMBER 2023

K.I.N. INCOMING RESOURCES Bequest Fund Raising RESOURCES USED Charities TOTAL Resources before Transfers Transfer of Funds Net Resources (after transfers) Revaluation surpluses (deficits) Balance at beginning of year Balance at end of year	2023 £ - 4,797 4,797 17,566 17,566 (12,769) - (12,769) - 20,213 7,444	2022 £ 21,278 12,142
		33,420
		14,163
		14,163
		19,257 (500)
		18,757 - 1,456
		20,213

15 -