| Pages | ||
|---|---|---|
| Report ofthe Directors and | Strategic Report | 3-10 |
| Statement ofthe Directors' | responsibilities | |
| Independent auditor*s report |
to the members | 12- 15 |
| Statement ofFinancial Activities | 16 | |
| Balance Sheet | 17 | |
| Statement ofcash flows | 18 | |
| Notes to the financial statements |
19-38 |
| Full name | The United Reformed Church East Midlands | The United Reformed Church East Midlands | Synod Incorporated | ||
|---|---|---|---|---|---|
| Registered | company | number | 01566806 | ||
| Registered | charity number | 511712 | |||
| Directors | |||||
| A Directors | |||||
| Rev Geoffrey SClarke | |||||
| Mr David JGreatorex | |||||
| Rev A Camilla Veitch (resigned 31 January | 2023) | ||||
| Dr GDJJennings (appointed |
1 July 2023) | ||||
| BDirectors | |||||
| Rev James A Breslin | |||||
| Mr Vaughan Griffiths |
|||||
| Mr Jonathan A Heard (resigned | 13July 2022) | ||||
| Mr Ronald CKenyon (resigned | 26 July 2023) | ||||
| Rev Lesley A Moseley | |||||
| Ms Catriona M A Wheeler | |||||
| Mr James W EWild | |||||
| Registered | office | 1 Edwards Lane | |||
| Sherwood | |||||
| Nottingham | |||||
| NG5 3AA |
| regularly and in 20 |
22 | grants | were approved for the follo |
wing proj | ects: | ||
|---|---|---|---|---|---|---|---|
| Church | Project | Fund | 2022 | 2021 | |||
| New Grants approved: | |||||||
| Westgate URC | Church roof repair | Church | Support Fund | 17,368 | |||
| Grant for retired minister | Roofrepairs | Retired | Ministers' | 5,300 | |||
| Housing | fund | ||||||
| Marlpool URC | Theatre project | Moorgreen Mission Fund |
(5,000) | ||||
| Grimsby URC | Oasis Hub | Mission | fund | (15,500) | |||
| Mackworth URC |
Derby A2C CRCW | Mission | fund | 30,000 | |||
| Whittlesey URC |
Family worker | Mission | fund | 30,000 | |||
| Arnold URC | Joinery work | Building | repair fund | 10,000 | |||
| Rose Hill URC | Church roof repair | Building | repair fund | 10,000 | |||
| St Andrews URC, |
Works to Manse | Manse fund | 13,000 | ||||
| Peterborough | |||||||
| Bulwell URC | Family outreach project | Timson | Fund | 23,000 | |||
| Loughborough URC |
Church and community | Mission | Fund | 11,340 | |||
| centre manager | |||||||
| Lubbesthorpe URC |
Pioneer worker | Mission | fund | 8,000 | |||
| Bulwell URC | Family outreach project | Mission | Fund | 7,000 | |||
| Hinckley URC | Stonework repair | Building | repair fund | 10,000 | |||
| West Derbyshire URC |
Window replacement | Building | repair fund | 10,000 | |||
| Lutterworth URC |
Church roofrepair | Building | repair fund | 12,820 | |||
| 100,168 | 77,160 | ||||||
| Other grants approved | / paid | (each less than K5,000) | 58,010 | 30,333 | |||
| Total grants (Note | 6) | 158,178 | 107,493 | ||||
| Reconciliation ofgrant creditors and payments |
|||||||
| Total grant creditor | brought | forward (Notes 18and 19) | 69,500 | ||||
| Grants approved in |
the | year | (Note 6) | 158,178 | |||
| Grants paid during | the | year | ~152678 |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Investments | 8,389,151 | 70.2 | 7,986,047 | 77.4 | |
| Tangible fixed assets | 184,173 | 1.5 | 200,802 | 2.0 | |
| Investment | property | 424,397 | 3.6 | 162,500 | 1.6 |
| Other net assets | 2,955,287 | 24.7 | 1,962,080 | 19.0 | |
| Total | 11,953,008 | 100.0 | 10,311,429 | 100.0 |
| Notes | Restricted | Unrestricted | Total 2022 | Total 2021f | ||
|---|---|---|---|---|---|---|
| Income and endowments | from: | |||||
| Income from donations, legacies and |
15,129 | 124,228 | 139,357 | 26,403 | ||
| gfallts | ||||||
| Income from charitable activities: |
||||||
| Income from surplus properties |
3,078,949 | 3,078,949 | 1,720,241 | |||
| Synod churches donations |
164,500 | 164,500 | 312,500 | |||
| Other income | 85,462 | 85,462 | 72,845 | |||
| Investment income |
20,890 | 268 376 | 289266 | 263 511 | ||
| Total income and endowments | 36,019 | 3,721,515 | 3,757,534 | 2,395,500 | ||
| Expenditure on charitable |
||||||
| activities: | ||||||
| Grants paid for purchase ofproperties | 454,987 | 454,987 | 346,645 | |||
| Payments to or for churches |
162,678 | 162,678 | 365,265 | |||
| Grants payable | 33,929 | 124,249 | 158,178 | 107,493 | ||
| Training costs | 67,961 | 67,961 | 57, 146 | |||
| Youth k.children's work costs |
25„959 | 25,959 | 22,905 | |||
| Building surveys | 11,783 | 11,783 | 15„864 | |||
| Other payments | 20,515 | 20,515 | 14,874 | |||
| Pension Scheme deficit funding | 1,500,000 | |||||
| Office costs | 276,998 | 276998 | 224 889 | |||
| Total expenditure | 33,929 | 1,145,130 | 1,179,059 | 2„655,081 | ||
| Net income/(expenditure) | 2,090 | 2,576,385 | 2,578,475 | (259,581) | ||
| Transfers between funds |
20 | |||||
| Net income/(expenditure) | 2,090 | 2,576,385 | 2,578,475 | (259,581) | ||
| Other recognised (losses) / gains: |
||||||
| Unrealised (loss)/gain on investments |
15 | (44,489) | (733,606) | (778,095) | 883,366 | |
| Realised (loss)/gain on disposal |
of | (15,271) | (143,530) | (158,801) | 4,657 | |
| investments | ||||||
| Net movement in funds |
(57,670) | 1,699,249 | 1,641,579 | 628,442 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
20 | 673,791 | 9,637,638 | 10,311,429 | 9,682,987 | |
| Total funds carried forward | 20 | 616,121 | 11,336,887 | 11,953,008 | 10,311,429 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 13 | 184,173 | 200,802 | |
| Investment property |
14 | 424,397 | 162,500 | |
| Investments | 15 | 8,389,151 | 7,986,047 | |
| 8,997,721 | 8,349,349 | |||
| Current assets | ||||
| Debtors | 16 | 1,268,188 | 550,226 | |
| Cash at bank 8cin hand | 17 | 2,309,343 | 2,017,680 | |
| 3,577,531 | 2,567,906 | |||
| Creditors: amounts | falling due within one year | (293,244) | (93,826) | |
| Net current assets | 3,284,287 | 2,474,080 | ||
| Total assets less current liabilities | 12,282,008 | 10,823,429 | ||
| Creditors: amounts | falling due after more than one year | 19 | (329,000) | (512,000) |
| Net assets | 11,953,008 | 10,311,429 | ||
| Funds | ||||
| Restricted | 20 | 616,121 | 673,791 | |
| Unrestricted | 20 | 11,336,887 | 9,637,638 | |
| Total funds | 11,953,008 | 10,311,429 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| Cash inflow/(outflow) from operating |
1,897,066 | (104,266) | ||
| activities | ||||
| Cash flow from investing activities |
||||
| Purchase oftangible fixed assets |
13 | (3,506) | (2,685) | |
| Purchase ofinvestment properties |
14 | (261,897) | ||
| Purchase ofinvestments | 15 | (5,193,479) | (52,500) | |
| Sale proceeds on investments | 3,853,479 | 49,500 | ||
| Net cash outflows from investing | activities | (1,605,403) | (5,685) | |
| Net increase/(decrease) in cash and cash |
291,663 | (109,951) | ||
| equivalents | ||||
| Cash and cash equivalents at 1January |
2,017„680 | 2,127,631 | ||
| Cash and cash equivalents at 31 |
December | 2,309,343 | 2,017,680 | |
| Cash and cash equivalents consists of: |
||||
| Cash at bank and in hand | 17 | 2,309,343 | 2,017,680 |
| 2. Income |
from d | onations, legacies |
and grants | |||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2022 | Total 2021 | |||
| funds | funds | |||||
| Donations | ||||||
| Moderator's Discretionary |
Fund | 3,119 | 3,119 | 1,280 | ||
| Welfare Fund | 2,310 | 2,310 | 2„105 | |||
| General donations | 9,824 | |||||
| General Fund | 6,833 | 6,833 | 862 | |||
| Manse Fund | 2,955 | 2,955 | ||||
| Brayfield Road Fund | 3,931 | |||||
| Safe Guarding Fund |
1,000 | |||||
| Retired Ministers | Fund | 5,000 | 5,000 | |||
| Lay Training Fund |
2,700 | 2,700 | ||||
| Donations from Closed Churches | 104,627 | 104,627 | ||||
| Discipleship fund |
2,000 | 2,000 | ||||
| Grants from the national | United | |||||
| Reformed Church: | ||||||
| Grants for training | 9,813 | 9,813 | 7,401 | |||
| 15,129 | 124,228 | 139,357 | 26,403 |
| 3. Income from |
surplus | properties | properties | properties | |||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2022 | Total 2021 | ||||||
| funds | funds | ||||||||
| f | f | ||||||||
| General Fund —Fair value ofsurplus | properties | ||||||||
| received pending disposal |
|||||||||
| Freeby URC —Church | 101,000 | 101,000 | |||||||
| Friary URC —Church | 550,000 | 550,000 | |||||||
| Rothwell URC —Church |
Hall | 200,000 | 200,000 | ||||||
| General Fund —Surplus | properties | received at | fair | ||||||
| value and subsequently | sold | ||||||||
| Anstey URC | 332,428 | 332,428 | |||||||
| Badby URC | (912) | (912) | 336,722 | ||||||
| Lutterworth URC |
(4,447) | (4,447) | 302,556 | ||||||
| Rothwell URC —Land |
85,507 | 85,507 | 200,000 | ||||||
| Westcotes URC | 459,896 | 459,896 | |||||||
| Manse Fund —Fair value ofsurplus | properties | received | |||||||
| pending disposal |
|||||||||
| 48 Rosemead Drive, Oadby | 415,000 | 415,000 | |||||||
| Manse Fund —Surplus | properties | received at fair value | |||||||
| and subsequently sold |
|||||||||
| Old Forge Drive, Loud Buckby | 465,035 | 465,035 | |||||||
| Highbury Avenue, Bulwell |
254,143 | 254,143 | |||||||
| Birchwood View, Gainsborough | 221,299 | 221,299 | |||||||
| 27 Maurice Drive, Nottingham | 350,190 | ||||||||
| 4A Harrowden Road, Wellingborough |
269,942 | ||||||||
| 8 Hudson Road, Spalding | 260,831 | ||||||||
| 3,078,949 | 3,078,949 | 1,720,241 |
| 5. |
Incoming resources from | activities to further the com | pany's objecti |
ves | |
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2022 | Total 2021 | ||
| funds | funds | ||||
| Other | income | ||||
| Rental income | 84,412 | 84,412 | 72,845 | ||
| Training | income | 600 | 600 | ||
| Sundry | income | 450 | 450 | ||
| 85,462 | 85,462 | 72,845 |
| Restricted | Unrestricted | Total 2022 | Total 2021 | ||
|---|---|---|---|---|---|
| funds | funds | ||||
| f. | |||||
| Grants to individuals: | |||||
| Welfare Fund | 3,900 | 3,900 | 3,750 | ||
| Holiday Fund |
400 | 400 | 1,100 | ||
| Outreach Fund |
4,194 | 4,194 | 2,000 | ||
| Retired Ministers Housing |
Fund | 6,442 | 6,442 | 3,468 | |
| Moderators Discretionary |
Fund | 7,103 | 7,103 | 1,460 | |
| Grants to Ministers | 4,384 | 4,384 | 6,332 | ||
| Ministers education grants |
5,594 | 5,594 | 5,334 | ||
| Grants for sabbaticals | 1,451 | 1,451 | 1,456 | ||
| Grants for books | 900 | 900 | 600 | ||
| Lay Training Fund | 9,461 | 9,461 | |||
| Safeguarding Fund |
180 | 180 | |||
| Discipleship Development |
Fund | 399 | 399 | ||
| Northants Minsters Fund |
850 | 850 | |||
| Northants Clark Fund |
1,000 | 1,000 | |||
| Grants to institutions: | |||||
| General Mission Fund grants | 23,255 | 23,255 | 26,340 | ||
| Building Repair Fund grants | 28,886 | 28,886 | 37,653 | ||
| Timson Legacy grants | 23,000 | ||||
| Moorgreen Mission Fund | grants | (5,000) | |||
| Synod Manse Fund grants | 23,196 | 23,196 | |||
| Synod General Fund grants | 13,965 | 13,965 | |||
| Church Support Fund | 22,618 | 22,618 | |||
| 33,929 | 124,249 | 158,178 | 107,493 |
| Restricted | Unrestricted | TotaI2022 | Total 2021 | |||
|---|---|---|---|---|---|---|
| funds | fundsf | |||||
| Repairs, utilities | and legal/professional | fees | 60,738 | 60,738 | 38,301 | |
| Licences, insurances and professional |
fees | 56,978 | 56,978 | 56,987 | ||
| Legal costs on sale ofproperties —Capital | 13,057 | 13,057 | ||||
| Legal costs on sale ofproperties —Manse | 18,850 | 18,850 | ||||
| Boston URC | 8,804 | 8,804 | ||||
| 7Minstrel Close |
4„251 | 4,251 | ||||
| Wellingborough | URC - Contribution | to the Hub | 269,507 | |||
| West Derbyshire | URC | 470 | ||||
| 162,678 | 162,678 | 365,265 |
| Notes | Restricted | Unrestricted | Total2022 | Total 2021 | ||
|---|---|---|---|---|---|---|
| Synod | ||||||
| Activities | ||||||
| Grants paid for purchase ofproperties | 454,987 | 454,987 | 346,645 | |||
| Payments to or for churches |
162,678 | 162,678 | 365,265 | |||
| Grants payable | 33,929 | 124,249 | 158,178 | 107,493 | ||
| Training &other events | 19,284 | 19,284 | 10,782 | |||
| Training staff costs | 48,677 | 48,677 | 46,364 | |||
| Youth &Children's | staff costs | 25,959 | 25,959 | 22,905 | ||
| Buildings surveys |
11,783 | 11,783 | 15,864 | |||
| Pension funding | 23 | 1,500,000 | ||||
| 33929 | 847617 | 881 546 | 2415318 | |||
| Other payments | ||||||
| Bookstall | 110 | 110 | 108 | |||
| Miscellaneous | 14 | |||||
| Committee expenses |
8,431 | 8,431 | 5,425 | |||
| Pastoral consultants | 7,530 | 7,530 | 9,327 | |||
| Other | 4,444 | 4,444 | ||||
| 20 515 | 20,515 | 14,874 | ||||
| Office costs | ||||||
| Audit &Accountancy | 15,514 | 15,514 | 14,016 | |||
| Professional fees |
19,697 | |||||
| Depreciation | 20,135 | 20,135 | 46,518 | |||
| Staffcosts | 146,057 | 146,057 | 95,253 | |||
| Rent, repairs &office insurance | 26,771 | 26,771 | 26,901 | |||
| Once consumables | 12,532 | 12,532 | 12,992 | |||
| Travel | 7,272 | 7,272 | 3,960 | |||
| Other expenses | 1,060 | 1,060 | 3,870 | |||
| Legal fees | 47,657 | 47,657 | 828 | |||
| Data access request | 854 | |||||
| 276998 | 276998 | 224 889 | ||||
| 33,929 | 1,145,130 | 1,179,059 | 2,655,081 |
| The surplus | for the year is stated after charging: | 2022 | 2021 |
|---|---|---|---|
| Fees payable | to auditors | 15,514 | 14,016 |
| Depreciation | ofowned assets (Note 13) | 20,135 | 46,518 |
| Loss/(profit) | on sale ofinvestments | 158,801 | (4,657) |
| Operating lease rentals |
3,162 | 3,105 |
| The total staff costs and employees' benefits we |
re as follows: | |
|---|---|---|
| 2022 | 2021 | |
| Wages and salaries | 173,687 | 127,360 |
| Social security | 12,650 | 7,667 |
| Pension costs | 34,356 | 29,495 |
| 220,693 | 164,522 |
| 12.Reconciliation | ofnet income | to net cashflows from operating | to net cashflows from operating | activities | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net movement in funds for the year |
1,641,579 | 628,442 | ||||
| Depreciation | 20,135 | 46,518 | ||||
| Decrease/(increase) | in fair value of | investments | 778,095 | (883,366) | ||
| Loss/(profit) on disposal ofinvestments |
158,801 | (4,657) | ||||
| Fair value movement | ofinvestment | properties | (162,500) | |||
| Increase in debtors | (717,962) | (242,765) | ||||
| Increase in creditors | 16,418 | 514,062 | ||||
| Net cash inflow/(outflow) &om operating |
activities | 1,897,066 | (104,266) |
| Analysis ofnet debt | ||||
|---|---|---|---|---|
| 1January 2022 |
Cash flows | 31December 2022 | ||
| Cash | 2,017,680 | 291,663 | 2,309,343 | |
| 13. Tangible fixed assets |
||||
| Freehold | Leasehold | Office | Total | |
| property | improvements | equipment | ||
| K | ||||
| Cost | ||||
| At 1 January 2022 | 75,500 | 168,773 | 46,404 | 290,677 |
| Additions | 3,506 | 3,506 | ||
| As at 31December 2022 | 75,500 | 168,773 | 49,910 | 294,183 |
| Depreciation | ||||
| At 1 January 2022 |
50,178 | 39,697 | 89,875 | |
| Charge for year | 16,726 | 3,409 | 20,135 | |
| As at 31December 2022 | 66,904 | 43,106 | 110,010 | |
| Net book value | ||||
| At 31 December 2022 | 75,500 | 101,869 | 6,804 | 184,173 |
| At 31 December 2021 | 75,500 | 118,595 | 6,707 | 200,802 |
| Investment | ||
|---|---|---|
| Property | ||
| Cost | ||
| At | 1 January 2022 | 162,500 |
| Additions | 263 897 | |
| At | 31December 2022 | 424 397 |
| Net | book value | |
| At | 31December 2022 | 424 397 |
| At | 31 December 2021 | 362 300 |
| At 1 | Additions | Disposals | Revaluation | At 31 | ||
|---|---|---|---|---|---|---|
| January | December | |||||
| 2022 | 2022 | |||||
| M &G | Charifund Income units |
2,096,901 | (2,096,901) | |||
| M &G | Charibond Income units |
617,690 | (302,498) | (39,125) | 276,067 | |
| COIF Charities Fixed Interest | 25,036 | 302,498 | (21,175) | 306,359 | ||
| Fund —Income Units | ||||||
| COIF Property Income units | 900,608 | (107,257) | 793,351 | |||
| COIF Global Equity Income | 1,482,689 | (210,248) | 1,272,441 | |||
| units | ||||||
| COIF Charities Ethical Inv | 1,578,530 | 2,626,741 | (280,218) | 3,925,053 | ||
| Fund —Income Units | ||||||
| Property | Income Trust For | 147,098 | (147,098) | |||
| Charities Fund | ||||||
| Epwoith | Affirmative Equity |
886,363 | 313,000 | (1,124,676) | (74,687) | |
| Fund | ||||||
| Epworth | Affirmative Fixed |
24,601 | (19,084) | (5,517) | ||
| Interest | Fund | |||||
| Epworth | Affirmative Corporate |
100,341 | 72,000 | (158,553) | (13,788) | |
| Bond fund | ||||||
| Epworth | Global Fund | 97,589 | 79,000 | (163,470) | (13,119) | |
| Mayfair | Capital Property | 105,814 | (9,488) | 96,326 | ||
| Income | Trust | |||||
| Epworth | Sovereign Bond Fund |
19,084 | (935) | 18,149 | ||
| Epworth | UK Equity Fund | 1,116,736 | 3,622 | 1,120,358 | ||
| Epworth | Global Equity Fund | 163,470 | (2,689) | 160,781 | ||
| Epworth | Corporate Bond Fund | 158,552 | 3 471 | 155,081 | ||
| Market value held for Synod | 7,957,446 | 4,956„895 | (4,012,280) | (778,095) | 8,123,966 | |
| Funds | ||||||
| Epworth | Affirmative Equity |
28,601 | 236,584 | 265,185 | ||
| Fund - Cash deposits | ||||||
| Total investments | 7986047 | 5 193,479 | 4012,280 | 778,095 | 8,389,151 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Fair value of | church buildings | held for resale | 1,247,415 | 536,722 |
| Prepayments | &,accrued income | 20,773 | 13,504 | |
| 1,268,188 | 550,226 |
| 17. | Ca | sh a | nd cash equivalents | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Cash | and | bank | deposits | 2,309,343 | 2,017,680 |
| 18. | C | reditors: | Amounts | falling due within one year | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Notes | |||||||
| Accrued | charges & income in | advance | 47,244 | 36,326 | |||
| Grants | payable | 46,000 | 57,500 | ||||
| Ministers | pension | funding | 23 | 200,000 | |||
| 293,244 | 93,826 | ||||||
| 19. | Creditors: | Amounts | falling due after more than | one year | |||
| 2022 | 2021 | ||||||
| Notes | |||||||
| Grants | payable | 29,000 | 12,000 | ||||
| Ministers | pension | funding | 23 | 300,000 | 500,000 | ||
| 329,000 | 512,000 |
| 20. Reconciliati |
on | ofmovemen | t on funds |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Restricted g |
Unrestricted | Total2022 | Total 2021f | |||||||
| At I January 2022 | 673,791 | 9,637,638 | 10,311,429 | 9,682,987 | ||||||
| Incoming resources |
36,019 | 3,721,515 | 3,757,534 | 2,395,500 | ||||||
| Outgoing resources |
(33,929) | (1,145,130) | (1,179,059) | (2,655,081) | ||||||
| Unrealised (losses)/gains |
on investments | (44,489) | (733,606) | (778,095) | 883,366 | |||||
| Realised (losses)/gains | on | investments | (15,271) | (143,530) | (158,801) | 4,657 | ||||
| Transfers | ||||||||||
| At 31 December 2022 | 616,121 | 11,336,887 | 11,953,008 | 10,311,429 | ||||||
| Balance at | Incoming | Outgoing | Transfers | Movements | Balance at 31 | |||||
| Analysis ofindividual | funds | I January | Resources | Resources | on | December | ||||
| 2022 | Investments | 2022 | ||||||||
| g | g | |||||||||
| Restricted | ||||||||||
| Welfare Fund | 15,566 | 3,205 | (3,900) | (2,932) | 11,939 | |||||
| Discretionary Fund |
5,838 | 3,119 | (7,103) | 1,854 | ||||||
| Holiday Fund |
8,739 | 264 | (400) | (801) | 7,802 | |||||
| Lay Training Fund |
11,607 | 2,883 | (9,461) | (567) | 4„462 | |||||
| Outreach Fund |
86,695 | 2,860 | (4,194) | (9,254) | 76,107 | |||||
| Retired Ministers Housing |
Fund | 164,846 | 10,618 | (6,442) | (18,467) | 150,555 | ||||
| Timson Mission Fund | 25,879 | 684 | 26,563 | |||||||
| Northants Everdon Willis |
Fund | 16,357 | 862 | (3,246) | 13,973 | |||||
| Northants Clark Fund |
3,480 | (1,000) | 2,480 | |||||||
| Northants Ministers Special Support Fund |
77,047 | 2„076 | (850) | (6,956) | 71,317 | |||||
| Moorgreen Mission Fund |
72,640 | 72,640 | ||||||||
| Former District Funds | 173,997 | 7,448 | (17,537) | 163,908 | ||||||
| South East Lines Pioneer Ministry | 10,000 | 10,000 | ||||||||
| Safeguarding Fund |
1,000 | (180) | 820 | |||||||
| Discipleship Development |
Fund | 2,000 | (399) | 1,601 | ||||||
| Carers' fund |
100 | 100 | ||||||||
| Total restricted funds |
673,791 | 36,019 | (33,929) | (59,760) | 616,121 | |||||
| Unrestricted | ||||||||||
| General Fund —Unrestricted | 3,239,894 | 2,113,906 | (491,741) | (593,891) | (349,466) | 3,918,702 | ||||
| Property dr. Assets Fund |
—Designated | 363,302 | (20,136) | 265,404 | 608,570 | |||||
| Synod Manse Fund- Designated | 5,248,252 | 1,561,659 | (535„024) | 195 | (522,408) | 5,752,674 | ||||
| Mission Fund —Designated | 136,329 | 1,613 | (23,255) | 76,032 | (5,262) | 185,457 | ||||
| Buildings Repair Fund —Designated | 24,954 | (28,886) | 3,932 | |||||||
| Botswana Youth Exchange | Fund— | 9,110 | 9,110 | |||||||
| Designated | ||||||||||
| Church Support Fund —Designated | 615,797 | 44,337 | (46,088) | (1,672) | 612,374 | |||||
| Energy Crisis Fund —Designated | 250000 | 250000 | ||||||||
| Total unrestricted funds |
9,637,638 | 3721515 | I 145130 | 877,136 | 11336JI87 | |||||
| Total | 10311,429 | 3,757,534 | 1,179,059 | 936JI96 | 11/53,008 |
| 20. Reconciliatio |
n | ofmovement | on funds ( |
comparative) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total 2021 | Total 2020 | |||||||
| g | ||||||||||
| At 1 January 2021 |
634,856 | 9,048,131 | 9,682,987 | 8,953,099 | ||||||
| Incoming resources |
24,538 | 2,370,962 | 2,395,500 | 1,515,775 | ||||||
| Outgoing resources |
(34,309) | (2,620,772) | (2,655,081) | (582,265) | ||||||
| Unrealised gains/(losses) |
on investments | 47,854 | 835,512 | 883,366 | (203,622) | |||||
| Realised gains on investments | 252 | 4,405 | 4,657 | |||||||
| Transfers | 600 | (600) | ||||||||
| At 31 December 2021 | 673,791 | 9,637,638 | 10,311,429 | 9,682,987 | ||||||
| Balance at | Incoming | Outgoing | Transfers | Movements | Balance at 31 | |||||
| Analysis ofindividual | funds | I January | Resources | Resources | on | December | ||||
| 2021 | Investments | 2021 | ||||||||
| Restricted | ||||||||||
| Welfare Fund | 13,919 | 2,868 | (3,750) | 2,529 | 15,566 | |||||
| Discretionary Fund |
6,018 | 1,280 | (1,460) | 5,838 | ||||||
| Holiday Fund |
8,939 | 209 | (1,100) | 691 | 8,739 | |||||
| Lay Training Fund |
11,334 | 153 | 120 | 11,607 | ||||||
| Outreach Fund |
78,305 | 2,408 | (2,000) | 7,982 | 86,695 | |||||
| Retired Ministers Housing |
Fund | 147,945 | 4,811 | (3,468) | 15,558 | 164,846 | ||||
| Timson Mission Fund | 48,871 | 8 | (23,000) | 25,879 | ||||||
| Northants Everdon Willis |
Fund | 14,791 | 878 | 688 | 16,357 | |||||
| Northants Clark Fund |
3,480 | 3,480 | ||||||||
| Northants Ministers Special Support Fund |
69,814 | 1,819 | 5,414 | 77,047 | ||||||
| Moorgreen Mission Fund |
67,640 | 5,000 | 72,640 | |||||||
| Former District Funds | 153,700 | 5,173 | 15,124 | 173,997 | ||||||
| South East Lines Pioneer | Ministry | 10,000 | 10,000 | |||||||
| Brayfield Road Fund | 3,931 | (4,531) | 600 | |||||||
| Safeguarding Fund |
1,000 | 1,000 | ||||||||
| Carers' fund |
100 | |||||||||
| Total restricted funds |
634J156 | 24/38 | (34/09) | 600 | 48,106 | 673,791 | ||||
| Unrestricted | ||||||||||
| General Fund —Unrestricted | 3,693,105 | 1,129,043 | (1,815/78) | (108,617) | 341,641 | 3,239,894 | ||||
| Property ik Assets Fund |
- | Designated | 244,636 | 162,500 | (46,518) | 2,684 | 363,302 | |||
| Synod Manse Fund —Designated | 4,363,479 | 1,078,006 | (686,970) | 493,737 | 5,248,252 | |||||
| Mission Fund —Designated | 81,761 | 1,369 | (26,340) | 75,000 | 4,539 | 136,329 | ||||
| Buildings Repair Fund - |
Designated | 32,274 | (37,653) | 30,333 | 24,954 | |||||
| Botswana Youth Exchange | Fund— | 9,110 | 9,110 | |||||||
| Designated | ||||||||||
| Church Support Fund - Designated | 623,766 | 44 | 8,013 | 615,797 | ||||||
| Total unrestricted funds |
9,048,131 | 2@70,962 | 2,620,772 | 600 | 839,917 | 9,637,638 | ||||
| Total | 9,682,987 | 2+95500 | 2,655,081 | 888,023 | 10311,429 |
| Restricted | Unrestricted | Total 2022 | Total 2021 | ||
|---|---|---|---|---|---|
| Tangible | fixed assets | 184,173 | 184„173 | 200,802 | |
| Investment | property | 424,397 | 424,397 | 162,500 | |
| Investments | 462,477 | 7,926,674 | 8,389,151 | 7,986,047 | |
| Other net | assets | 153,644 | 2,801,643 | 2,955,287 | 1,962,080 |
| 616,121 | 11,336,887 | 11,953,008 | 10,311,429 |
| 2022 | 2021 | |
|---|---|---|
| f. | ||
| Not later than one year | 2,199 | 3,162 |
| Later than one and not later than five years | 940 | 3,139 |
| 3,139 | 6,301 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Financi a!assets | |||||
| Debt instruments measured |
at | amortised | cost | 2,309,343 | 2,017,680 |
| Measured at fair value through |
net income / expenditure: | ||||
| -Fixed asset listed investments | (note 15) | 8,389,151 | 7,986,047 | ||
| Financial liabilities | |||||
| Measured at amortised cost |
622,244 | 605,826 |
| These | properties are registered |
properties are registered |
in the name ofthe Trust Company, but the responsibility for their upkeep |
in the name ofthe Trust Company, but the responsibility for their upkeep |
in the name ofthe Trust Company, but the responsibility for their upkeep |
|---|---|---|---|---|---|
| and maintenance rests with the |
individual | Churches | or their tenants under the terms ofrespective leases. |
||
| Location | Address | ||||
| l. | Buxton | Manse | 13Lismore Grove, SK179AW | ||
| 2. | Buxton | Church | Hardwick Square East, SK176PT |
||
| 3. | Calow | Church | Top Road, S44 SSY | ||
| 4. | Holymoorside | Church | Cotton Mill Hill, S427EJ | ||
| 5. | Chesterfield, | Rose Hill | Church | 22 Soresby Street, S40 1TN | |
| 6. | Chesterfield, | Rose Hill | Manse | 190Hunloke Avenue, S403EB |
|
| 7. | Chesterfield, | St Andrews | Church | 187Newbold Road, S417BE |
|
| 8. | Chesterfield, | St Andrews | Manse | 187Newbold Road, S41 7BE |
|
| 9. | Alvaston | Church | Baker Street, DE24 8SD | ||
| 10. | Carlton Road | Church | Carlton Road, DE23 6HE | ||
| 11. | Derby Central | Church | Stuart House, Green Lane, Derby DE1 1RS | ||
| 12. | Derby Central | Manse | 57 Moorway Lane, DE23 7FR | ||
| 13. | Little Eaton | Church | 113Alfreton Road, DE21 SDF | ||
| 14. | Mackworth | Church | Enfield Road, DE22 4DG | ||
| 15. | Mackworth | Manse | 29Cricklewood Road, DE22 4DP |
||
| 16. | Repton | Church | Pinfold Lane, DE65 6GH | ||
| 17. | Ilkeston | Church | Wharncliffe Road, DE7 5GW |
||
| 18. | Ilkeston | Manse | 84 Summerfields Way, DE7 9HF |
||
| 19. | Marlpool | Church | Chapel Street, DE75 7NA | ||
| 20. | Marlpool | Manse | 7Princess Close, DE75 7TX | ||
| 21. | Eastwood | Church | Alexandra Street, NG16 3BD |
||
| 22. | Melbourne | Church | High Street, DE73 8GJ | ||
| 23. | Melbourne | Manse | 24 Spinney Hill, DE73 8GT | ||
| 24. | Westwood | Church | Palmerston Street, NG16 SJA |
||
| 25. | West Derbys | (Wirksworth) | Church | Coldwell Street, DE44FB |
|
| 26. | West Derbys | (Wirksworth) | Other | Glenorchy Centre, DE44FF |
|
| 27. | West Derbys | (Wirksworth) | House | The Cottage, DE4 4FF | |
| 28. | West Derbys | (Wirksworth) | Manse | 10The Woodlands, DE4 4PG |
|
| 29. | Earl Shilton | Church | High Street, LE97LR | ||
| 30. | Earl Shilton | Garden | 83 High Street, LE97LR | ||
| 31. | Enderby | Church | Chapel Street, LE194NE | ||
| 32. | Ender by | Hall | Chapel Street, LE194NE | ||
| 33. | Enderby | Manse | 8 Chapel Street, LE194NE | ||
| 34. | Whetstone | Church | High Street, LE8 6LP | ||
| 35. | Groby | Church | Chapel Hill, LE6 OFE | ||
| 36. | Hinckley | Church | The Borough. LE10 1NL | ||
| 37. | Hinckley | Manse | 26 Windrush Drive, LE10ONY |
||
| 38. | Christ Church, Leicester | Church | Dumbleton Avenue. LE3 2EG |
||
| 39. | St.Stephen's | Church | De Montfort Street. LE1 7GB | ||
| 40. | St. Stephen's | Manse | 11Scholars Walk. LE2 1RR | ||
| 41. | Westcotes | Church | Hinckley Road, LE3 OTG |
||
| 42. | Wycliffe | Church | The Common, LES6EA | ||
| 43. | Bardon Park | Church | Bardon Hill, .LE67 1TD | ||
| 44. | Melton Mowbray | Church | Chapel Street. LE13 1LZ | ||
| 45. | Wigston Magna | Church | Long Street,.LE182AJ |
| Location | Address | ||||||
|---|---|---|---|---|---|---|---|
| 46. | Wigston Magna | Manse | Long Street. LE182AJ | ||||
| 47. | Wigston Magna | Land | Newton Lane | ||||
| 48. | Loughborough | Church | 39Frederwick Street. LEII |
3BH | |||
| 49. | Loughborough | Manse | 127Valley Road. LEII 3PY | ||||
| 50. | Abbots Road | Church | Abbots Road South„LE5 IDA | ||||
| 51. | Abbots Road | Manse | 65 Downing Drive. LE5 6LL |
||||
| 52. | Braunstone | Church | Gooding Avenue, LE3 IJN | ||||
| 53. | Braunstone | Hall | Gooding Avenue, LE3 IJN | ||||
| 54. | Oadby | Church | Rosemead Drive. LE2 5SF | ||||
| 55. | Saffron Lane | Church | Saffron Lane, LE26TE | ||||
| 56. | Boston | Church | 232 London Road, PE21 7AY | ||||
| 57. | Bourne | Church | Eastgate, .PEI09JY | ||||
| 58. | Gainsborough | Church | Church Street. DN21 2JR | ||||
| 59. | Gainsborough | Manse | 28 Birchwood View, DN21 | IWA | |||
| 60. | Grantham | Manse | 6Kenwick Drive. NG31 9DP | ||||
| 61. | Grimsby | Church | Weelsby Road. DN32 OPR | ||||
| 62. | Grim sby | Manse | 36 Weelsby Road, DN32 OPR | ||||
| 63. | Horncastle | Graveyard | Graveyard | ||||
| 64. | Lincoln, Trinity | Church | Garmston Street, Lincoln, LN2 1HZ |
||||
| 65. | Lincoln„Trinity | Manse | 9Oakleigh Drive, LNI IDG |
||||
| 66. | Ermine | Church | Sudbrooke Drive, LN2 2EF |
||||
| 67. | Peterborough | St Andrew | s | Manse | 51 Huntsmans Gate, PE3 9AU |
||
| 68. | Peterborough, | Westgate | New | Manse | 17Thorpe Lea Road, PE36BX | ||
| Church | |||||||
| 69. | Peterborough, | Westgate | New | House | Westgate, PEI IRG | ||
| Church | |||||||
| 70. | Peterborough, | Westgate | New | Church | Westgate, PEI IRG | ||
| Church | |||||||
| 71. | Riverside, Sleaford | Church | Southgate, NG34 7R | ||||
| 72. | Riverside. Sleaford | Manse | 47Bristol Way, NG34 7AE | ||||
| Spalding | Church | Pinchbeck Road, PEII IQF | |||||
| 74. | Spalding | Hall | Pinchbeck Road, PEI I IQF | ||||
| 75. | Stamford | Church | Star Lane, PE9 IPH | ||||
| 76. | Stamford | Manse | 165Casterton Road, PE92XZ | ||||
| 77. | Stamford | Hall | Broad Street. PE9 IPG | ||||
| 78. | Stamford | Shops | Broad Street, PE9 IPG | ||||
| 79. | Castle Square, | Wisbech | Church | Castle Square, PE13 IHB | |||
| 80. | Peterborough | Christ Chur | ch | Church | Orton Goldhay, PE2 5JJ | ||
| 81. | Brigstock | Church | 6Mill Lane. NN14 3HG | ||||
| 82. | Flore | Church | Chapel Lane, NN7 4LQ | ||||
| 83. | Flore | Hall | Chapel Lane, NN7 4LQ | ||||
| 84. | Flore | House | 12Kings Lane, NN7 4LQ | ||||
| 85. | Weedon | Church | Church Street, NN7 4PL | ||||
| 86. | Weedon | Hall | Church Street, NN7 4PL | ||||
| 87. | Weedon | Manse | 14Cavalry Fields, NN7 4TG | ||||
| 88. | Corby | Church | Elizabeth Street, NN17 IPN | ||||
| 89. | Daventry | Church | 45 Sheaf Street, NNI I 4AA | ||||
| 90. | Daventry | Manse | 3Kingsley Avenue, NNI I 4AN |
| Location | Address | ||||
|---|---|---|---|---|---|
| 91. | Daventry | House | Sheaf Street, NN11 4AA | ||
| 92. | Daventry | Hall | 45 Sheaf Street, NN11 4AA | ||
| 93. | Dean | Church | Upper Dean, PE18OLY | ||
| 94. | Dean | Manse | The Manse, PE18 OLT | ||
| 95. | Desborough | Church | Union Street, NN14 2RH | ||
| 96. | Desborough | Hall | Union Street, NN!4 2RH | ||
| 97. | Great Doddington | Church | Chapel Lane. NN29 7TJ | ||
| 98. | Harrold | Church | 120High Street, MK43 7BJ | ||
| 99. | Harrold | Hall | 121 High Street, MK43 7BJ | ||
| 100. | Harrold | Other | 122 High Street, MK43 7BJ | ||
| 101. | Olney | Church | High Street, MK46 SDH | ||
| 102. | Olney | Manse | 27 Midland Road, MK46 4BL |
||
| 103. | Olney | Factory | Midland Road | ||
| 104. | Yardley Hastings | Manse | Bridge Cottage. NN7 1EL | ||
| 105. | Kettering, | London Road | Church | London Road, NN15 7PF | |
| 106. | Kettering, | London Road | Manse | 2 Wells Close, NN15 7RG | |
| 107. | Geddington | Church | Queen Street, NN14 1AZ | ||
| 108. | Kilsby | Church | Chapel Street„CV23 8XE | ||
| 109. | Long Buckby | Church | Brington Road, NN6 7RW | ||
| 110. | Long Buckby | Halls | Brington Road, NN6 7RW | ||
| 111. | Crick | Church | Chapel Lane. NN6 7TW | ||
| 112. | Abington | Avenue | Church | Abington Avenue, NN1 4QA |
|
| 113. | Abington | Avenue | Manse | 17Hillside Way. NN3 3AW | |
| 114. | Abington | Avenue | Garage | Abington Avenue, NN1 4QA |
|
| 115. | Castle Hill, | Northampton | Church | Castle Hill, NN I 2RT | |
| 116. | Doddridge | Memorial | Church | 109StJames Road, NNS SDZ | |
| 117. | Doddridge | Other | Marlborough Road |
||
| 118. | Duston | Church | Main Road, NNS 6JF | ||
| 119. | The Headlands | Church | Northampton. NN3 2NU |
||
| 120. | Rothwell | Church | Fox Street, NN14 8NA | ||
| 121. | Rothwell | Manse | Fox Street. NN14 8NA | ||
| 122. | Rothwell | Fields | |||
| 123. | Creaton | Church | High Street. NN6 8NA | ||
| 124. | Wellingborough | Church | High Street, NN8 4HR | ||
| 125. | Wellingborough | Hall | 46-50 Palk Road, NN8 1HR | ||
| 126. | Wellingborough | Hall | Sale, Hall, NN8 4JT | ||
| 127. | Hucknall | Church | Farley Grove, NG15 6FG | ||
| 128. | Sutton-in-Ashfield | Church | High Pavement, NG17 1BT | ||
| 129. | Sutton-in-Ashfield | Hall | High Pavement, NG17 1BT | ||
| 130. | Beeston | Church | Boundary Road, NG9 2RF | ||
| 131. | Friary, West | Bridgford | Manse | 61Melton Gardens, NG12 4BJ | |
| 132. | Keyworth | Church | Nottingham Road, NG12 SFB |
||
| 133. | StAndrew's | with Castle Gate | Manse | 20 Brookview Drive, NG12 5JN | |
| 134. | Keyworth | Hall | Nottingham Road, NG12 SFB |
||
| 135. | Sherwood | Church | 1 Edwards Lane, NGS 3AA | ||
| 136. | Arnold | Church | Calverton Road, NGS 8FH | ||
| 137. | Arnold | Hall | Calverton Road, NGS 8FH | ||
| 138. | Boulevard | Church | Gregory Boulevard, NG7 5JA |
| Location | Address | ||
|---|---|---|---|
| 139. | Bulwell | Church | Broomhill Road, NG6 9GJ |
| 140. | Worksop | Hall | Queen Street, S802AN |
| 141. | Long Eaton | Church | Nottingham Road, NG10 IHQ |
| 142. | The Dales | Church | Parkdale/Eastdale Road, NG3 7GL |
| 143. | Newport Pagnel1 |
Church | High Street, MK16 8AB |
| 144. | Newport Pagnell |
Hall | High Street, MK16 8AB |
| 145. | Newport Pagnell |
Manse | 25 Alexandra Drive, MK16 OJX |
| 146. | Paulerspury | Church | High Street, NN12 7NA |
| 147. | Paulerspury | Land | Land at rear ofChurch |
| 148. | Potterspury | Church | Church End, NN12 7PX |
| 149. | Potters pury | Hall | Church End, NN12 7PX |
| 150. | Potterspury | Manse | Church End, NN12 7PX |
| 151. | Trinity Fishermead | Manse | 60 Padstow Avenue, MK6 2ES |
| 152. | Yardley Gobion | Church | Chestnut Road, NN12 7TW |
| 153. | Littleover | Manse | 3 Cherry Plum Close, DE23 8DW |
| 154. | Castle Hill | Manse | 2 Harlestone Close, NN5 7BD |
| 155. | StAndrew's with Castle Gate |
Church | Goldsmith Street, NG1 5JT |
| 156. | North Lincolnshire | Manse | 21 Salisbury Drive, LN4 2SW |
| 157. | Derby Central | Bungalow | Brayfield Road, DE23 6LD |
| 158. | Wellingborough | Manse | 79Glenvale Park, NN8 6BD |