Harwood, Lane & Co
Page - 1
## **COUNCIL OF THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED**
**31 DECEMBER 2020**
## **Charity No: 251033**
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 2
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **CONTENTS**
||**Page**|
|---|---|
|Council Members' Annual Report|3 - 5|
|Independent Examiners Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9 - 13|
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 3
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **COUNCIL MEMBERS' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
The Trustees present their report and independently examined financial statements for the year ended 31 December 2020.
## **Objectives and Activities**
The object of the Charity is the encouragement and support of its constituent congregations in the promotion of religion in spirit and in truth.
## **Achievements and Performance**
The Western Union Council could not meet during the year because of the Covid-19 pandemic. Instead, Council gave powers to the Executive Committee to conduct all routine business, with the proviso that financial decisions would be referred to Council Members for approval, and that regular updates would be issued for information purposes.
Investments were reviewed with the majority of the portfolio placed in ethical investments. These included the sum of money received from the sale of the Trowbridge Meeting House, which is managed on behalf of the Trowbridge Fellowship by the Western Union.
Council approved the establishment of a 'Covid Fund' to assist those congregations which were placed in financial difficulty because of loss of revenue due to closure (balanced against cost savings) if those losses could not be covered from the congregation's own reserves. The first 'Covid Grants' would be awarded in 2021.
The following maintenance grants to congregations for pulpit supplies or ministry for 2020 were approved:
|Bridgwater|£1,375|
|---|---|
|Taunton|£400|
|Cullompton|£2,750|
|Plymouth|£2,750|
|Bristol|£7,500|
|**TOTAL**|**£14,775**|
Council approved the same sums for these congregations for 2021.
## **Financial review**
The trustees consider the level of funds held to be sufficient to ensure the continued operation of the Trust. At 31 December 2020, cash in current bank accounts and on deposit with the bank named on page 5 amounted to £375,839.
## **Structure, Governance and Management**
The Western Union of Unitarian and Free Christian Churches is a charity registered with the Charity Commission under number 251033. The charity operates under a constitution ratified in May 2000.
## **Risk Management**
The trustees continuously monitor the risks to which the Trust may be exposed and are satisfied that sufficient controls are in place to deal with any matters that might arise as a result of thereof.
## **Public Benefit**
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 4
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **COUNCIL MEMBERS' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Reference and Administrative Details**
The Trustees of the Western Union of Unitarian and Free Christian Churches are the members of the Western Union Council. During the year to 31 December 2020 they were:
|Edgar Mihas*|President|
|---|---|
|Sheila Evans*|Vice President|
|Kay Millard*|Secretary|
|Bob Goddard*|Treasurer|
|Elizabeth Harley*|Religious Education and Youth Officer|
And also, the following representatives (and named deputies in parentheses) appointed to Council by their congregations:
|Bath|Kay Millard*|(Tim Powell)|
|---|---|---|
|Bridgwater|Patricia Fieldhouse|(Bernice Lashbrook*)|
|Bridport|Roger Lake|(Angelica Kennard)|
|Bristol Frenchay|Deana Stone-Pearce||
|Bristol UMB|Susan Wildman||
|Cirencester|Helen Parsons|(Kath Ryder*)|
|Crewkerne|Gerald Witcher||
|Cullompton|Linda McCarthy||
|Plymouth|Sheila Evans||
|Sidmouth|Robert Crick||
|Taunton|Jay Waite||
|Torquay|Edgar Mihas|(Robert Wood)|
|Trowbridge|Barbara Smith||
## **NOTE: No Council Member may exercise more than one vote.**
Honorary Members:
Eleanor Dixon Frank Butler Arthur Brown Kath Ryder Bernard Omar (since deceased)
In addition, the following people by reason of their roles or functions were entitled to attend the meetings of the Western Union Council as non-voting members:
|Revd. John Harley|Minister|
|---|---|
|Revd. Lindy Latham|Minister (retired)|
|Revd. Elizabeth Birtles|Minister (retired)|
|Revd. Linda Phillips|Minister (Pastoral Oversight)|
|Revd. Kate Whyman|Minister|
|Revd. Michael Dadson|Minister|
|Dr. Roger Booth|Lay Pastor (retired)|
|Eleanor Dixon|Lay Pastor (retired)|
|Frances Pitt|Lay Leader|
*Those marked with an asterisk are currently members of the Executive Committee.
RW/19100y20 (Accruals)
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Page - 5
**THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **COUNCIL MEMBERS' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Reference and Administrative Details of the Charity (continued)**
|Charity Name:|The Western Union of Unitarian and Free Christian Churches|
|---|---|
|Charity registration number:|251033|
|Registered Office:|26 Fountain Court|
||West End|
||Westbury|
||BA13 3JY|
|Principal Bankers:|CAF Bank Ltd|
||PO Box 289|
||West Malling|
||Kent|
||ME19 4TA|
|Independent Examiner:|D C Cox FCA, Harwood, Lane & Co|
||Chartered Accountants and Registered Auditors|
||Units 1 - 4 Crossley Farm Business Centre|
||Swan Lane|
||Winterbourne|
||Bristol|
||BS36 1RH|
## **Independent Examiner**
D C Cox FCA of Harwood, Lane & Co was re-appointed as the Charity's independent examiner during the year and has expressed his willingness to continue in that capacity.
## **Approval**
This report was approved by the Trustees and signed on its behalf.
## **Edgar Mihas President Date:**
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 6
**INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES OF**
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
I report on the accounts of the Trust for the year ended 31 December 2020, which are set out on pages 7 - 14.
## **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 section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
## It is my responsibilty 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 Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the seeking of 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, no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me 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 to comply the accounting requirements of the 2011 Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Name of principal:** David Cox
## **Name of firm:**
Harwood, Lane & Co Chartered Accountants
## **Relevant professional qualification or body:**
FCA (ICAEW)
## **Address:**
Units 1 - 4 Crossley Farm Business Centre Swan Lane Winterbourne BRISTOL BS36 1RH
## **Date:**
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 7
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
## _**SUMMARY INCOME AND EXPENDITURE ACCOUNT**_
|**Notes**
**INCOME**
Income from donations & legacies
**2**
Investment income
**3**
Separate material item of income
**4**
Other
**5**
**Total Income**
**EXPENDITURE**
Expenditure on raising funds
**6**
Expenditure on charitable activities
**7**
Other
**8**
**Total Expenditure**
**Other Recognised Gains**
Gain/(losses) on Investments
Unrealised
Realised
**Net incoming/(outgoing)**
**resources before transfers**
**Gross transfers between funds**
**Reconciliaition of Funds**
Total Funds Brought Forward
**13**
**Total Funds Carried Forward**
**13**|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Total**
**Total**
1,248
0
0
1,248
1,292
4,877
1,033
10,961
16,871
17,758
0
314,034
0
314,034
321,104
282
0
0
282
327|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Total**
**Total**
1,248
0
0
1,248
1,292
4,877
1,033
10,961
16,871
17,758
0
314,034
0
314,034
321,104
282
0
0
282
327|
|---|---|---|
||6,407
315,067
10,961
332,435
340,481
0
0
0
0
150
16,800
0
0
16,800
20,475
60
5,000
0
5,060
3,084||
||16,860
5,000
0
21,860
23,709
-6,054
10,338
-3,275
1,009
56,024
0
0
-326
-326
0||
||-6,054
10,338
-3,601
683
56,024
-16,507
320,405
7,360
311,258
372,796
10,960
1
-10,961
0
0
192,789
343,718
297,978
834,485
461,689||
||**£187,242**
**£664,124**
**£294,377**
**£1,145,743**|**£834,485**|
## **Statement of Recognised Gains and Losses**
There were no recognised gains or losses other than those disclosed in the two reported financial years.
## **The notes on pages 9 to 13 form part of these accounts**
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 8
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Notes**
**FIXED ASSETS**
Fixed Asset Investments
**10**
**CURRENT ASSETS**
Current Asset Investments
Cash Held in Investment Accounts
Cash at Bank and in Hand
**CREDITORS: amounts falling**
**due within one year**
**11**
**Net current assets**
**Total Assets less Total Liabilities**
**12**
**Capital**
Unrestricted Income Funds
**13**
Endowment Income Funds
**13**|49,572
15,730
381,180|**2020**
705,418
705,418
49,161
0
345,935
395,096
-1,076
440,325|**2020**
705,418
705,418
49,161
0
345,935
395,096
-1,076
440,325|**2019**
440,465|
|---|---|---|---|---|
|||||440,465
394,020|
||446,482
-6,157||||
||||||
|||**£1,145,743**||**£834,485**|
|||851,366
294,377||536,507
297,978|
|||**£1,145,743**||**£834,485**|
Approved by the trustees and signed on its behalf.
**Edgar Mihas President Date:**
**The notes on pages 9 to 13 form part of these accounts**
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 9
**THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|**1**
**ACCOUNTING POLICIES**
**1.1**
**Basis of preparation of accounts**
**1.2**
**Income recognition**
**1.3**
**Expenditure recognition**
**1.4**
**Investments**
**2**
**Income from donations and legacies**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Donations and gifts
4
0
0
4
40
Gift Aid
0
0
0
0
34
Legacies
12
0
0
12
0
Grants
0
0
0
0
50
Membership subscriptions
1,232
0
0
1,232
1,168
**£1,248**
**£0**
**£0**
**£1,248**
**£1,292**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity; this is normally upon notification of the interest paid or payable by the bank.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening 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 carrying value.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocate or apportioned to the applicable expenditure headings.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The statement of activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
All income is recognised once the charity has entitlement to that income, it is probably that the income will be
received and the amount of income receivable can be measured reliably.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of
Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.|
|---|---|---|---|---|---|
||**£1,248**|**£0**|**£0**|**£1,248**|**£1,292**|
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 10
**THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**3**
**Investment Income**
Interest Income
Dividend Income
B&FUA
- Bath
- Exeter
**4**
**Separate material item of income**
Trowbridge Unitarians
Ilminster Trust
Yeovil Trust
**5**
**Other**
President's Honorarium (refund)
GA Booking Fee (refund)
Miscellaneous
Coins cashed to account (contra)
**6**
**Expenditure on raising funds**
Donations|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
990
0
0
990
1,135
3,887
1,033
2,429
7,349
7,510
0
0
2,704
2,704
2,888
0
0
5,828
5,828
6,225|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
990
0
0
990
1,135
3,887
1,033
2,429
7,349
7,510
0
0
2,704
2,704
2,888
0
0
5,828
5,828
6,225|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
990
0
0
990
1,135
3,887
1,033
2,429
7,349
7,510
0
0
2,704
2,704
2,888
0
0
5,828
5,828
6,225|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
990
0
0
990
1,135
3,887
1,033
2,429
7,349
7,510
0
0
2,704
2,704
2,888
0
0
5,828
5,828
6,225|**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
990
0
0
990
1,135
3,887
1,033
2,429
7,349
7,510
0
0
2,704
2,704
2,888
0
0
5,828
5,828
6,225|
|---|---|---|---|---|---|
||**£4,877**|**£1,033**|**£10,961**|**£16,871**|**£17,758**|
||**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
0
0
0
0
316,745
0
0
0
0
4,359
0
314,034
0
314,034
0|||||
||**£0**|**£314,034**|**£0**|**£314,034**|**£321,104**|
||**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
0
0
0
0
300
272
0
0
272
0
10
0
0
10
15
0
0
0
0
12|||||
||**£282**|**£0**|**£0**|**£282**|**£327**|
||**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
0
0
0
0
150|||||
||**£0**|**£0**|**£0**|**£0**|**£150**|
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 11
**THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|**7**
**Expenditure on charitable activities**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Grants
- Taunton
500
0
0
500
400
- Cullompton
2,750
0
0
2,750
2,500
- Bristol Group
7,500
0
0
7,500
7,500
- Plymouth
2,750
0
0
2,750
2,500
- Bridgwater
1,375
0
0
1,375
1,000
Travelling expenses
61
0
0
61
1,150
Premises hire
0
0
0
0
170
Annual meeting
0
0
0
0
519
GA booking fee & expenses
272
0
0
272
347
WUCDO expenses
0
0
0
0
120
Training meeting expenses
55
0
0
55
0
Development officer fees & expenses
0
0
0
0
2,133
Independent examiner
816
0
0
816
804
Honorariums
600
0
0
600
900
Postage & stationery
121
0
0
121
132
The Inquirer - Grant
0
0
0
0
100
Society of St Francis (2020 Retreat)
0
0
0
0
200
**£16,800**
**£0**
**£0**
**£16,800**
**£20,475**
**8**
**Other**
**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
Bank charges
60
0
0
60
60
Coins cashed to account (contra)
0
0
0
0
12
Annual meeting gifts
0
0
0
0
12
Trowbridge Fellowship (seed fund)
0
0
0
0
3,000
Bridgwater grant (Ilminster Fund)
0
5,000
0
5,000
0
**£60**
**£5,000**
**£0**
**£5,060**
**£3,084**|
|---|---|---|---|---|---|
||**£16,800**|**£0**|**£0**|**£16,800**|**£20,475**|
||**2020**
**2019**
**Unrestricted**
**Designated**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
60
0
0
60
60
0
0
0
0
12
0
0
0
0
12
0
0
0
0
3,000
0
5,000
0
5,000
0|||||
||**£60**|**£5,000**|**£0**|**£5,060**|**£3,084**|
## **9 Staff costs**
The charity had no paid employees. Total expenses reimbursed to council members in the year was £237 (2019 - £1,132). Honorariums were paid to the secretary amounting to £300 (2019 - £300), to the treasurer amounting to £300 (2019 - £300), and to the Religious Education Coordinator amounting to £0 (2019 - £300).
## **10**
|**Investments**
Historical Cost at 31.12.2020
Market Value at 31.12.2020|**2020**|
|---|---|
||**£370,957**|
|||
||**£705,418**|
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 12
## **THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**11**
**CREDITORS: amounts falling due**
**one year**
Bank Overdraft
Accruals
**12**
**Analysis of fund balances**
**between the net assets**
Fixed Assets
Current Assets
Current Liabilities
**13**
**Movement in funds**
**Brought**
**Forward**
**Unrestricted Funds**
**_General Funds_**
192,789
**_Designated Funds_**
_Trowbridge Fund_
313,745
_Ilminster Fund_
29,973
_Yeovil Fund_
0
**£536,507**
**Endowment Funds**
Cowl Street Fund
2,625
Crediton/Christchurch/
Colyton Chapel Funds
6,965
B&FUA Investments
- Bath Fund
72,068
- Exeter Fund
155,309
Shepton Mallet Cowl
Street Chapel Fund
8,261
Crediton Ministers Fund
52,750
**£297,978**
**Total**
**£834,485**|**11**
**CREDITORS: amounts falling due**
**one year**
Bank Overdraft
Accruals
**12**
**Analysis of fund balances**
**between the net assets**
Fixed Assets
Current Assets
Current Liabilities
**13**
**Movement in funds**
**Brought**
**Forward**
**Unrestricted Funds**
**_General Funds_**
192,789
**_Designated Funds_**
_Trowbridge Fund_
313,745
_Ilminster Fund_
29,973
_Yeovil Fund_
0
**£536,507**
**Endowment Funds**
Cowl Street Fund
2,625
Crediton/Christchurch/
Colyton Chapel Funds
6,965
B&FUA Investments
- Bath Fund
72,068
- Exeter Fund
155,309
Shepton Mallet Cowl
Street Chapel Fund
8,261
Crediton Ministers Fund
52,750
**£297,978**
**Total**
**£834,485**|**within**
**Unrestricted**
110,818
82,581
-6,157|**2020**
5,341
816|**2020**
5,341
816|**2019**
272
804
**£1,076**
**Total**
705,418
446,482
-6,157
**£1,145,743**
**Carried**
**Transfers**
**Forward**
10,960
187,242
0
328,527
1
21,563
0
314,034|**2019**
272
804
**£1,076**
**Total**
705,418
446,482
-6,157
**£1,145,743**
**Carried**
**Transfers**
**Forward**
10,960
187,242
0
328,527
1
21,563
0
314,034|
|---|---|---|---|---|---|---|
||||**£6,157**||**£1,076**||
||||**Designated**
**Endowment**
300,223
294,377
363,901
0
0
0||||
|||**£187,242**|**£664,124**|**£294,377**|**£1,145,743**||
|||**Income**
6,407
0
1,033
314,034|**Realised/**
**Revenue**
**Unrealised**
**Expenditure**
**Gains**
-16,860
-6,054
0
14,782
-5,000
-4,444
0
0||||
||**£536,507**|**£321,474**|**(£21,860)**|**£4,284**|**£10,961**|**£851,366**|
||2,625
6,965
72,068
155,309
8,261
52,750|340
220
2,704
5,828
253
1,616|0
122
0
-901
0
-2,131
0
-4,593
0
529
0
3,373||-340
2,747
-220
6,064
-2,704
69,937
-5,828
150,716
-253
8,790
-1,616
56,123||
||**£297,978**|**£10,961**|**£0**|**(£3,601)**|**(£10,961)**|**£294,377**|
||||||||
||**£834,485**|**£332,435**|**-£21,860**|**£683**|**£0 **|**£1,145,743**|
RW/19100y20 (Accruals)
Harwood, Lane & Co
Page - 13
**THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14 DESIGNATED FUNDS**
## **Trowbridge Fund**
Following the closure of the Chapel at Trowbridge, in September 2019 the Western Union was entrusted with the net proceeds of the sale of the bungalow in which the services and the congregational activities there had been held, on the understanding that this money was to be used primarily to support Unitarianism within Trowbridge and it surrounding area.
## **Ilminster Fund**
Following closure of the Ilminster Trust in late 2019, the Western Union received some assets which were allocated to the Western Union on the understanding that they would be used primarily to support Unitarian chapels and churches in Somerset.
## **Yeovil Fund**
In late September 2020, the Western Union was entrusted with the care of the funds resulting from the closure of the former Yeovil Trust and the sale of its property. The wishes of the former trustees at Yeovil are that this money should be used primarily to support Unitarianism within the County of Somerset, and thereafter within the District.
## **15 Related Party Transactions**
There were no related party transactions in the year ended 31 December 2020.
RW/19100y20 (Accruals)