## **LOUGHBOROUGH**
## **UNITED REFORMED CHURCH**
## **CHARITY**
Annual report and accounts
for the year ended 31 December 2024
Registered charity no. 1129259
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 REPORT OF THE TRUSTEES For the year ended 31 December 2024
## _**Constitution**_
On 19th April 2009 the members of The United Reformed Church in Loughborough resolved to form a trust called Loughborough United Reformed Church Charity and to register with the Charity Commissioners under the terms of The Charity Act 2006. The Charity Commissioners duly registered the Church as a charity on 22nd April 2009.
The Trust comprises all assets and funds held by and on behalf of the Loughborough United Reformed Church other than properties held under trusts declared in Schedule 2 of the United Reformed Church Act 1972 (as amended by the United Reformed Church Acts 1981 and 2000) and those held on other specifically declared trusts.
## _**Object**_
The object of the Charity is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church.
## _**Trustees**_
The Minister and the serving Elders at the time of registration became the first Trustees. Trustees are usually the Minister and the current serving Elders of the Church.
Elders are elected annually by the members of the Church at the November Church meeting to serve for a term of three years from the following 1st January.
The Trustees who have served from 1st January 2024 until the date of this report are:
Rev. Craig Muir (Trustee and Chairman) Peter Rippon (from 1st January 2020) Hilary Roythorne (secretary) (resigned 31st December 2024) Alan Roythorne (resigned 31st December 2024) Una Hubbard (from 1st January 2021)) Gillian Ablethorpe (from 1st January 2023) Geetha Balasubramanium (from 1st January 2025) Daphne Beale (secretary) (from1st January 2025)
The Elders/Trustees meet monthly and on other occasions as business requires.
1
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 REPORT OF THE TRUSTEES (continued) For the year ended 31 December 2024
## _**Activities**_
The Trustees are aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and have regard to it in their administration of the Church. The Trustees believe that by promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical, it provides a benefit to the public by:
- Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers;
- Promoting Christian values, and service by Members of the Church to the community, to the benefit of individuals and society as a whole.
The Church fulfils these obligations through a wide variety of activities which include weekly worship for both adults and children, bible study, an After School warm space, a Holiday Grub Club, the letting of its premises to a number of local societies and groups and a range of social activities. Full details of all such activities are incorporated into a separate booklet of reports which is distributed to all members and also is available from the Church Secretary.
## _**Financial review**_
The overall net movement in funds in the year was an increase of £25,951 (2023 - decrease of £18,510).
Expenditure on maintaining and refurbishing the premises amounted to £17,069 (2023 - £14,084) and on the Manse, net of recoveries, to £2,164 (2023 - £9,024).
At 31st December 2024 the total reserves of the Church stood at £93,901 (2023 - £67,950).
## _**Reserve policy**_
The policy of the Trustees is to maintain the General reserve at a level to provide working capital for the next twelve months and to retain sufficient funds to meet a reasonable level of unexpected or unbudgeted expenditure.
Restricted funds are established to provide for expenditure of a capital nature. Expenditure on such projects is only authorised where the funds, together with any grants obtained, are sufficient to meet the costs of the project without calling on the General Reserve.
By order of the Trustees
Craig Muir - Chairman 10th July 2025
2
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2024
|Year ended 31 December 2024
**_INCOMING RESOURCES_**
**_Voluntary income_**
Freewill offerings
Loose offerings
Income tax recoverable
Link subscriptions
Donations and legacies
Collections for Commitment for Life
Collections for specific purposes
**_Generated funds_**
Rents for use of Church buildings
Rental income from Manse
Fund raising and activities
Organ, music and choir fund
Other income
Photocopy receipts
Synod and other grants
**_Investment income_**
Interest received
**_Total income_**
**_RESOURCES EXPENDED_**
(per schedule - page 5)
**_NET INCOMING RESOURCES_**
**_BEFORE TRANSFERS_**
**_Transfers between funds_**
Legacy to General fund
**NET MOVEMENT IN FUNDS**
Balances at 31 December 2023
Balances at 31 December 2024|_Designated_
_funds_|_Restricted_
_Church_
_fundsOrganisations_|_General_
_fund_|_2024_
_£_
_Total_|_2023_
_£_
_Total_|
|---|---|---|---|---|---|
||-
--
-
--
-
--
- 27,210-
-
--
-
--
-
--
-
1,872-
-
--
-
3,750-
-
--
-
7,556-
-
--
-
--
-
--
-
--
-
15,000-
-
--
-
725-
-
--
-
--
-
--
-
610-
-
--
-
--
-
--
-
503-
-
--
-
--
-
--
- 37,772-
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
500-
-
--
-
--
- -
--
-
--
-
--
-
29,947-
-
--
-
--
-
--
-
--
-
--
-
1,262-
-
15,000-
-
33,697-
-
--
- 78,010-
-
--
-
14,204-
-
71-
- 86,481-
-
15,000-
- (
19,493)
0
(71) -
(8,471)
(8,471)
(
-)
(
-)
(
8,471)
6,529 0
19,493 0
(71) 0(
-)
-
67,874-
(
-)
-
76-
-
--
-
74,403-
19,493
-
5-
-
--||- 27,210-
-
1,872-
-
7,556-
-
--
-
725-
-
610-
-
503-
- 37,772-
-
--
-
--
-
--
-
500-
-
--
-
--
-
1,262-|-
27,210-
-
1,872-
-
11,306-
-
--
-
15,725-
-
610-
-
503-
-
37,772-
-
--
-
--
-
--
-
500-
-
--
-
29,947-
-
1,262-
- 126,707-
- 100,756-
25,951 -
#REF!
25,951
-
67,950-
-
93,901-|-
25,980-
-
1,142-
-
8,742-
-
--
-
15,570-
-
1,220-
-
710-
-
34,016-
-
--
-
8,125-
-
--
-
60-
-
95-
-
5,000-
-
927-|
||||- 78,010-||- 101,587-|
||||- 86,481-||- 120,097-|
||||(8,471)
(
8,471)||(18,510)
-
--|
||||||(18,510)
-
86,460-|
||||-
--||-
67,950-|
|||||||
3
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2024
|Year ended 31 December 2024
**_RESOURCES EXPENDED_**
**_Ministry, worship and outreach_**
Ministry and Mission contribution
Pulpit supplies
Minister's travel and other expenses
Worship, service and related expenses
Audio and visual equipment
Organists' fees, choir and music fund
Mission - Grub Club and WWW
Website costs
Donations, subscriptions and Minister's disc
Payable to Commitment for Life
Copyright licences
Church & Community Centre manager's co
**_Church Buildings_**
Electricity
Gas
Council tax and waste collection
Water rates
Insurance
Cleaner's wages
Cleaning materials and services
Telephone
Audio visual equipment
Maintenance expenditure|_Designated_
_funds_|_Restricted_
_funds_|_Church_
_organisation_|_General_
_s_
_fund_|_2024_
_£_
_Total_|_2023_
_£_
_Total_|
|---|---|---|---|---|---|---|
||-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
retionary
-
--
-
--
s-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|-
--
-
--
-
--
-
--
-
--
-
--
-
9,510-
-
--
-
--
-
--
-
--
-
4,694-
-
14,204-
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--
-
--|- 28,000-
-
491-
-
2,345-
-
1,524-
-
191-
-
105-
-
220-
-
306-
-
737-
-
757-
-
78-
-
--|-
28,000-
-
491-
-
2,345-
-
1,524-
-
191-
-
105-
-
9,730-
-
306-
-
737-
-
757-
-
78-
-
4,694-
-
48,958-
(
8,293)
-
3,715-
-
273-
-
640-
-
6,086-
-
8,831-
-
1,901-
-
1,299-
-
--
-
17,069-
-
48,107-|-
33,696-
-
1,367-
-
3,124-
-
890-
-
200-
-
945-
-
--
-
--
-
600-
-
1,471-
-
1,135-
-
7,249-|
|||||- 34,754-||-
50,677-|
|||||(
8,293)
-
3,715-
-
273-
-
640-
-
6,086-
-
8,831-
-
1,901-
-
1,299-
-
--
- 17,069-||(
7,197)
-
3,025-
-
2,088-
-
614-
-
5,590-
-
9,573-
-
1,502-
-
1,420-
-
13,203-
-
14,084-|
|||||- 48,107-||-
58,296-|
||||||||
4
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
|Registered Charity no. 1129259|Registered Charity no. 1129259|Registered Charity no. 1129259|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|STATEMENT OF FINANCIAL ACTIVITIES|||||||||||||
|Year ended 31 December 2024||||||||||_2024_||_2023_|
|||||||||||_£_||_£_|
|||_Designated_||_Restricted_|_Church_|||_General_|||||
|||_funds_||_funds_|_organisations_|||_fund_||_Total_||_Total_|
|**_RESOURCES EXPENDED_**|||||||||||||
|**_Manse_**|||||||||||||
|Telephone|(|-)|(|-)|(|-)|(|499)|(|499)|(|677)|
|Insurance|-|--|-|--|-|--|-|497-|(|497)|(|443)|
|Council tax|-|--|-|--|-|--|-|2,673-|(|2,673)|(|2,797)|
|Water rates|-|--|-|--|-|--|-|178-|(|178)|(|282)|
|Maintenance expenditure|-|--|-|--|-|--|-|1,835-|(|1,835)|(|18,732)|
|Contributions fron Synod and Melton|Mowbray||(|-)|(|-)|(|(3,518)|(|(3,518)|(|(13,907)|
||-|--|-|--|-|--|-|2,164-|-|2,164-|-|9,024-|
|**_Administration and money raising_**|||||||||||||
|Stationery, printing and postages|-|--|-|--|-|--|-|1,456-|-|1,456-|-|1,434-|
||-|--|-|--|-|--|-|1,456-|-|1,456-|-|1,434-|
|Expenditure of Church organisations|-|--|-|--|-|71-|-|--|-|71-|-|666-|
||-|--|-|--|-|1,033-|-|--|-|3,571-|-|3,571-|
|**_Total expenditure_**|-|--|-|14,204-|-|71-|-|86,481-|-|100,756-|-|120,097-|
5
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
|LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY|||
|---|---|---|
|Registered Charity no. 1129259
BALANCE SHEET
at 31st December 2024
Note
TANGIBLE FIXED ASSETS
Alterations to premises, furniture and equipment:
At cost less amounts written off
2
CURRENT ASSETS
Debtors
Payments in advance
Bank balances
3
Cash in hand
CURRENT LIABILITIES - payable within one year
Creditors
Accruals
NET CURRENT ASSETS
NET ASSETS
Represented by:
_Designated funds_
Organ, choir and music fund
4
Legacy Fund
4
_Restricted funds_
Administrative and finance
5
Mission
5
Church organisations
General account|_2024_
_£_
-
3-|_2023_
_£_
-
3-|
||-
3-
-
13,800-
-
19,525-
-
67,845-
-
191-|-
3-
-
15,720-
-
6,112-
-
50,528-
-
78-|
||- 101,361-|-
72,438-|
||-
2,485-
-
4,978-|-
1,472-
-
3,019-|
||-
7,463-|-
4,491-|
||-
93,898-|-
67,947-|
||-
93,901-|-
67,950-|
||-
533-
-
73,870-|-
533-
-
67,341-|
||-
74,403-
-
19,056-
(
437)|-
67,874-
-
--
(
-)|
||(
19,493)
-
5-
-
--|(
-)
-
76-
-
--|
||-
93,901-|-
67,950-|
Approved by the Trustees of the Loughborough United Reformed Church Charity on 10th July 2025 and signed on their behalf by
P Rippon Treasurer
6
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259 NOTES TO THE ACCOUNTS at 31st December 2024
## **1. TANGIBLE FIXED ASSETS**
## _Freehold properties_
The Manse is held by trustees on behalf of the East Midlands Province of the United Reformed Church for the benefit of the Congregation of the United Reformed Church in Loughborough. In previous years the cost of the Manse has been shown in the accounts as an asset but following the redemption of the outstanding mortgage liability by the East Midlands Province in 2011, it has been decided to remove the asset and the associated restricted fund from the accounts.
The Church premises and land at 39 Frederick Street, Loughborough are similarly held by trustees.
The Church buildings and huts are valued for insurance purposes at £5,112,146, the huts at £568,376 and the Manse at £340,440.
In the event of the closure of the Church, the benefit of the Manse and the Church would pass to the United Reformed Church (East Midlands Province) Incorporated and not to Loughborough United Reformed Church Charity.
## _**2.** Furniture and equipment_
The furniture, fixtures fittings and equipment, including the pipe organ, are in the main very old and the historic cost of the majority of the items is not recorded in the accounting records. Accordingly, these assets are regarded as being fully depreciated.
Items of furniture and equipment and alterations to the premises since 2001 are capitalised if they exceed £500, otherwise the cost is expended in the year of purchase.
Where donations or grants are received towards the cost of fixed assets, such amounts are treated as depreciation and the remaining net balance is written off as follows:
|Alterations and improvements to the premises|10 years|
|---|---|
|Furniture and equipment|5 years|
|Electrical and sound equipment|5 years|
The movement on fixed assets during the year was as follows:
|Cost:
At 31st December 2023
Additions in year
At 31st December 2024
Depreciation:
At 31st December 2023
Provided by transfer from restricted accounts
Provided by transfer from Income & Expenditure account
At 31st December 2024
Net book values:
At 31st December 2024
At 31st December 2023|_Sound_
_Alterations_
_system_
_to premises_
_£_
_£_
(
29,253)
- 119,637-
(
-)
-
--|_Furniture &_
_equipment_
_£_
-
94,523-
-
--|_Total_
_£_
-
230,211-
-
13,202-|
|---|---|---|---|
||-
29,253-
- - 119,637-
(
29,253)
- 119,635-
(
-)
-
--
(
-)
-
--
-
29,253-
- - 119,635-
-
--
- -
2-
-
--
- -
2-|-
94,523-|-
230,211-|
|||-
94,522-
-
--
-
--|-
230,208-
-
--
-
--
-
--|
|||-
94,522-|-
230,208-|
|||-
1-|-
3-|
|||-
1-|-
3-|
For insurance purposes furniture and equipment are valued at a replacement cost of £269,427.
7
**4.**
**5.**
LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY Registered Charity no. 1129259 NOTES TO THE ACCOUNTS (continued) at 31st December 2024
## **3.**
|**BANK BALANCES**
National Westminster current account
National Westminster deposit account
Loughborough Building Society
**DESIGNATED ACCOUNTS**
Balance at 31 December 2023
Donations and fund raising
Legacies and grants
Transfer between funds
Transfer to General fund
Expenditure in the year
Balance at 31 December 2024
**RESTRICTED ACCOUNTS**
Balance at 31 December 2023
Grants received
Transfers from the General account:
Expenditure in the year
Balance at 31 December 2024||_2024_
_£_
-
1,343-
-
50,952-
-
15,550-|_2023_
_£_
-
13,020-
-
22,230-
-
15,278-|
|---|---|---|---|
||_Legacy_
_fund_
_£_
-
67,341-
-
--
-
15,000-
(8,471)
(
-)
-
73,870-
_Mission_
_£_
(
-)
-
9,947-
(
-)
(
(9,510)
437|-
67,845-|-
50,528-|
|||_Organ,_
_choir &_
_music fund_
_£_
-
533-
-
--
-
--
(
-)
(
-)|_Total_
_£_
-
67,874-
-
--
-
15,000-
-
--
(8,471)
0|
|||-
533-|74,403|
|||_Admin &_
_finance_
_£_
-
--
-
23,750-
-
--
(
(4,694)|_Total_
£
(
-)
(
33,697)
(
-)
(
(14,204)|
|||-
19,056-|(
19,493)|
8
## LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Registered Charity no. 1129259
## REPORT OF THE INDEPENDENT EXAMINER
to the Trustees of The Loughborough United Reformed Church Charity
I report on the accounts of The Loughborough United Reformed Church Charity for the year ended 31st December 2024, which are set out on pages 1 to 8.
## _**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 under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my 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 my attention.
## _**Basis of independent examiner's report**_
My 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 such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and 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 comply with the accounting requirements of the 2011 Act
have not been met
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
9