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Apsley Hall Assembly, Receipts and Payments Accounts for the year ended 31 December 2022
Apsley Hall Assembly :: Receipts & Payment Account
For year ended 31 December 2022
| Section A : Receipts & Payments | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | 2021 | Further | ||||
| A1. Receipts | Funds | Funds | Funds | as restated | Details | |||
| Voluntary donations | 10 | 395 | 56 391 | 66 786 | 63 | 828 | D1 | |
| Fees received | 1 | 646 | – | 1 646 | 1 | 755 | ||
| Bank interest | 195 | 45 | 240 | 10 | D2 | |||
| Dividends on investments | 382 | 46 | 428 | 263 | D3 | |||
| Other income | – | – | – | – | ||||
| Subtotal | 12 | 618 | 56 482 | 69 100 | 65 | 856 | ||
| A2. Asset & investment sales | – | – | – | – | D9 | |||
| Total receipts | 12 | 618 | 56 482 | 69 100 | 65 | 856 | ||
| A3. Payments | ||||||||
| Assembly activities | 4 | 567 | 300 | 4 867 | 3 | 236 | D4 | |
| Upkeep of premises | 5 | 375 | – | 5 375 | 3 | 423 | D5 | |
| Repairs and renewals | 4 | 345 | – | 4 345 | 700 | D6 | ||
| Gifts made | 400 | 58 134 | 58 534 | 58 | 205 | D7, D8 | ||
| Sundries | – | – | – | 355 | ||||
| Administration & Finance | 213 | – | 213 | 226 | ||||
| Governance | 350 | – | 350 | – | ||||
| Subtotal | 15 | 250 | 58 434 | 73 684 | 66 | 145 | ||
| A4. Asset & investment purchases | 202 | – | 202 | 422 | D9 | |||
| Total payments | 15 | 452 | 58 434 | 73 886 | 66 | 567 | ||
| Net of receipts/(payments) | (2 834) | (1 952) | (4 786) | (711) | ||||
| A5. Transfers between funds | – | – | – | – | ||||
| A6. Cash funds last year end | 19 | 088 | 7 645 | 26 733 | 27 | 444 | ||
| Cash funds this year end | 16 | 254 | 5 693 | 21 947 | 26 | 733 | ||
| Section B : Statement of assets and liabilities at the end of the period | ||||||||
| B1. Cash Funds | ||||||||
| Current Accounts | 548 | 2 059 | 2 607 | 5 | 126 | |||
| Epworth Cash Plus Fund for Charities | 15 | 706 | 3 634 | 19 340 | 21 | 607 | ||
| Total | 16 | 254 | 5 693 | 21 947 | 26 | 733 | ||
| B2. Other monetary assets | ||||||||
| Tax to be claimed | 13 | 3 | 16 | – | ||||
| Gas prepaid | 2 | 654 | – | 2 654 | – | |||
| Total | 2 | 667 | 3 | 2 670 | – | |||
| B3. Investment Funds | D3, D9 | |||||||
| Epworth Investment Funds | 19 | 590 | 2 748 | 22 338 | 28 | 453 | ||
| NI Central Investment Fund for Charities | 11 | 462 | 6 777 | 18 239 | 20 | 168 | ||
| Total | 31 | 052 | 9 525 | 40 577 | 48 | 621 | ||
| B4. Assets retained for church’s own use | ||||||||
| Building | 395 | 000 | – | 395 000 | 394 | 494 | ||
| Fixtures and fittings | 30 | 000 | – | 30 000 | 30 | 000 | ||
| Total | 425 | 000 | – | 425 000 | 424 | 494 | ||
| B5. Liabilities – Planned expenditure | ||||||||
| Friends of Africa Missionary Endeavour | – | – | – | 500 | ||||
| Romania youth camp project | – | – | – | 500 | ||||
| TOTAL | – | – | – | 1 | 000 | |||
| Approved by the Trustees and Elders on | July 2023 21 |
|||||||
| and signed on their behalf by Joshua Fitzhugh & Stephen Rogers |
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Apsley Hall Assembly, Receipts and Payments Accounts for the year ended 31 December 2022
NOTES TO ACCOUNTS
C1.
The accounts have been prepared on a Receipts and Payments basis, so that income is only recorded in the accounts when it has been received, and payments when made. All amounts have been rounded to the nearest pound. The 2021 figures have been restated because the Epworth Cash Plus Fund for Charities has been classified as a Cash Fund, rather than an Investment Fund.
The following funds are maintained:
-
Assembly Fund is an unrestricted fund which is used for any charitable purpose, but mostly used for the costs of assembly activities and upkeep of premises. It is financed by freewill offerings from the second Sunday in each month.
-
Youth Work Fund is an unrestricted fund designated for the costs of youth work. It is financed by occasional offerings and gifts, and transfers from the Assembly Fund, and an annual freewill offering in the autumn.
-
Building Fund is an unrestricted fund designated for premises’ repairs and renewals. It is usually financed by designated gifts or transfers from the Assembly Fund.
-
Relief Fund is a restricted fund which is used for emergency relief and the relief of poverty worldwide, including local food relief. It is financed by a weekly freewill offering. In addition, the freewill offering on the fourth and fifth Sundays of some months is for the Relief Fund or a designated relief organization or project.
-
Mission Fund is a restricted fund for support of Christian mission work and the advancement of the Christian faith worldwide. It is financed by freewill offerings on the first and third Sundays of each month. In addition, the freewill offering on the fourth Sunday is usually for a designated mission organization.
There were no endowment funds.
C2. Grants
No grants were made during the year.
C3. Trustee remuneration
No trustee received remuneration during the year.
Indemnity insurance for Trustees’ and Officers’ liability is included as an integral part of the general church insurance policy.
C4. Trustee expenses
No trustee expenses were incurred during the year.
C5. Transactions with trustees and connected persons
Connected persons are those persons or entities that are closely connected to the reporting charity or its trustees and, among other persons and entities, includes: any trustee of the charity; and a child, parent, grandchild, grandparent, brother or sister of any such trustee, or spouse thereof.
No transactions were undertaken with trustees or connected persons.
C6. Other information
All assets are fully owned by the Assembly. They are valued according to their insured value.
There is no ultimate controlling party.
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Apsley Hall Assembly, Receipts and Payments Accounts for the year ended 31 December 2022
ADDITIONAL ANALYSIS
| D1.Voluntary donations | Unrestricted Funds |
Unrestricted Funds |
Restricted Funds |
Restricted Funds |
2022 Total Funds |
2022 Total Funds |
2021 Total Funds |
2021 Total Funds |
2021 Total Funds |
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||||
| Weekly boxes | 9 237 | 49 | 114 | 58 | 351 | 45 602 | |||
| Other gifts | 13 | 1 | 375 | 1 | 388 | 12 553 | |||
| Gift Aid and Small Donations Scheme | 1 145 | 5 | 902 | 7 | 047 | 5 673 | |||
| Total | 10 395 | 56 | 391 | 66 | 786 | 63 828 | |||
| D2.Bank Interest | Unrestricted Funds |
Restricted Funds |
2022 Total Funds |
2021 Total Funds |
|||||
| £ | £ | £ | £ | ||||||
| Current Account (Danske) | 6 | – | 6 | 8 | |||||
| Current Account (Barclays) | – | – | – | – | |||||
| Epworth Cash Plus Fund for Charities | 189 | 45 | 234 | 2 | |||||
| Total | 195 | 45 | 240 | 10 | |||||
| D3.Dividends | Unrestricted Funds |
Restricted Funds |
2022 Total Funds |
2021 Total Funds |
|||||
| £ | £ | £ | £ | ||||||
| Dividends received | |||||||||
| Epworth Corporate Bond Fund | 265 | 32 | 297 | 198 | |||||
| Epworth Sovereign Bond Fund | 117 | 14 | 131 | 65 | |||||
| NI Central Investment Fund for Charities | 362 | 215 | 577 | 257 | |||||
| Total dividends received | 744 | 261 | 1005 | 520 | |||||
| Dividends reinvested | |||||||||
| Epworth Corporate Bond Fund | – | – | – | – | |||||
| Epworth Sovereign Bond Fund | – | – | – | – | |||||
| NI Central Investment Fund for Charities | 362 | 215 | 577 | 257 | |||||
| Total dividends reinvested | 362 | 215 | 577 | 257 | |||||
| Net dividends received in current account | 382 | 46 | 428 | 263 | |||||
| Balance | Balance | ||||||||
| Investment Balances | at 1 Jan 2022 as |
Dividends | Capital Gain/ |
at 31 Dec |
|||||
| restated | Purch’s | Sales | Reinvested | (Loss) | 2022 | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Epworth Corporate Bond Fund | 16 410 | – | – | – | (2 965) |
13 445 | |||
| Epworth Sovereign Bond Fund | 12 043 | – | – | – | (3 150) |
8 893 | |||
| NI Central Investment Fund for Charities | 20 168 | – | – | 577 | (2 506) |
18 239 | |||
| Total | 48 621 | – | – | 577 | (8 621) |
40 577 |
Investment balances shown in Receipts and Payments Account were valued at 31 December 2022 prices.
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Apsley Hall Assembly, Receipts and Payments Accounts for the year ended 31 December 2022
| D4.Assembly activities Assembly Fund Meetings Outreach, Bibles & study literature Retreat Bookshelf Project Wall Art Project Catering Subtotal Youth Work Fund Activities, Craft Supplies & Literature Child protection Equipment Hire of premises Outings & Special Events Outreach Prizes Publicity Refreshments Transport Covid expenses Subtotal |
D4.Assembly activities Assembly Fund Meetings Outreach, Bibles & study literature Retreat Bookshelf Project Wall Art Project Catering Subtotal Youth Work Fund Activities, Craft Supplies & Literature Child protection Equipment Hire of premises Outings & Special Events Outreach Prizes Publicity Refreshments Transport Covid expenses Subtotal |
Unrestricted Funds (2022) £ Restricted Funds (2022) £ Total Funds (2022) £ 1 718 – 818 – – 300 – – – – 55 – 2 591 300 2 891 104 – 53 – 157 – 260 – 447 – 140 – 269 – 61 – 54 – 431 – – – 1 976 – 1 976 |
2021 £ 1 453 186 – 269 232 – |
|---|---|---|---|
| 2 140 740 5 – 31 – 122 – 30 – 168 |
|||
| 1 096 | |||
| Total | 4 567 300 4 867 |
3 236 | |
| D5.Upkeep of premises Assembly Fund Heat, light & water Insurance Cleaning General Expenses Maintenance |
Unrestricted Funds (2022) £ 2021 £ 3 629 2 209 816 834 150 117 185 32 595 231 5 375 3 423 Unrestricted Funds (2022) £ 2021 £ 52 – 130 700 1 553 – 2 610 – 4 345 700 |
||
| Total | |||
| D6.Repairs and renewals Assembly Fund Soft furnishings Building Fund Electrical repairs Blocking up old fire door Repairs to alley at side of hall |
|||
| Total |
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Apsley Hall Assembly, Receipts and Payments Accounts for the year ended 31 December 2022
D7. Gifts made by trust objects
| Object | Amount 2022 | % | Amount 2021 | % |
|---|---|---|---|---|
| (£) | (£) | |||
| Advancing Christianity | 25 125 | 42.92 | 24 200 | 41.58 |
| Relief | 25 059 | 42.81 | 27 005 | 46.40 |
| Education | 7 250 | 12.39 | 6 000 | 10.30 |
| Church Planting | 1 100 | 1.88 | 1 000 | 1.72 |
| Total | 58 534 | 100.00 | 58 205 | 100.00 |
D8. Gifts made by country
| D8.Gifts made by country | ||
|---|---|---|
| Country Amount 2022 (£) |
% Amount 2021 (£) % |
|
| Albania 4 300 Burundi 1 950 China 1 100 Cyprus 3 050 France 550 India 1 200 Ireland 6 600 Jordan 1 100 Kenya 500 Lebanon – Moldova 11 825 Myanmar – Pakistan 4 000 Romania 500 UK 14 809 Zambia 4 250 Worldwide 2 800 |
7.35 4 000 6.87 3.33 600 1.03 1.88 1 000 1.72 5.21 1 000 1.72 0.94 500 0.86 2.05 12 600 21.64 11.28 7 500 12.89 1.88 1 000 1.72 0.85 – – – 1 700 2.92 20.20 1 500 2.58 – 1 600 2.75 6.83 – – 0.85 – – 25.31 11 755 20.19 7.26 2 900 4.98 4.78 10 550 18.13 |
|
| Total 58 534 |
100.00 58 205 100.00 |
|
| D9.Assets and Investments Equipment purchased Computer equipment and software for livestreaming services Fixtures and fittings Total equipmentpurchased |
Unrestricted Funds Restricted Funds 2022 Total Funds 2021 Total Funds £ £ £ £ 202 – 202 151 – – – 271 |
|
| 202 – 202 422 |
||
| Investments made Epworth Corporate Bond Fund Epworth Sovereign Bond Fund NI Central Investment Fund for Charities Total investments made |
– – – – – – – – – – – – |
|
| – – – – |
||
| Totalpurchases | 202 – 202 422 |
|
| Investment sales Epworth Corporate Bond Fund Epworth Sovereign Bond Fund NI Central Investment Fund for Charities |
– – – – – – – – – – – – |
|
| Total sales | – – – – |