Water[Lane] United Reformed[Church][Charity] Water Lane United Reformed Church Charity _ Charity Charity Number Number 1129836 1129836
Report Report and and Financial Financial Statements Statements for for the the year year ended ended _31 31 December December 2024 2024
water Lane Water, Lane United UnledRef0rmedChurch Ko Charity aint[ae] IC Year Year ended ended 31 31 December December 2024 2024
## Contents Contents
||Page
Page|
|---|---|
|Charity Information
Charity Information|1
1|
|Report of the Trustees
Report ofthe Trustees|2
Pa|
|Independent Examiner'sReport
Independent Examiner's Report|7
7|
|Statement of Financial Activities
Statement of Financial Activities|8
8|
|Statement of Assets and Liabilities
Statement ofAssets and Liabilities|9
9|
|Notes to the FinancialStatements
NotestotheFinancialStatements|10
10|
Water Water[Lane] Lane[United] United[Reformed] Reformed Church[Church] Charity Charity Charity Charity Number[Number][1129836] 1129836
> Year Year ended ended 31[31] December December 2024 2024
## Reference Reference and and Administrative Administrative Information Information
Address Address of of[Principal] Principal Charity Charity Water Water[Lane] Lane[United] United Reformed[Reformed][Church] Church Charity Charity Water Water Lane[Lane] Bishop's Bishop’s[Stortford] Stortford Hertfordshire Hertfordshire CM23 CM23 2JZ 2JZ
Minister Minister (In (In vacancy) vacancy) Church Church Officers[Officers] Church Church Secretary Secretary — Gapsun — Gapsun Rhee Rhee Church Church Treasurer Treasurer — Anne — Anne Hunter Hunter
Bankers Bankers Lloyds Lloyds Bank Bank plc[plc] 20 20 North North Street Street Bishop's Bishop’s[Stortford] Stortford Hertfordshire Hertfordshire CM23 CM23 2LN 2LN Legal Legal Advisors Advisors Veale Veale Wasbrough Wasbrough[Vizards] Vizards Second Second[Floor] Floor 3 3 Brindley Brindley Place Place Birmingham Birmingham B1 Bl 2JB 2JB
Independent Independent Examiner Examiner Hayden Hayden Watson Watson BSc BSc (Hons)[(Hons)] FCCA[FCCA] The The[MHH] MHH Partnership[Partnership] Elstree Elstree House House Watson's Watson's[Yard,] Yard, High High[Street,] Street, Cottenham Cottenham CB24 CB24 8RX 8RX
> Corporate Corporate Trustee Trustee and and Agent Agent United United Reformed Reformed Church Church Eastern Eastern Province Province Trust Trust
> 36 36 Duxford Duxford Road Road
> Whittlesford Whittlesford Cambridge Cambridge
> CB22 CB22 4ND 4ND
1
Water Water[Lane] Lane[United] United[Reformed] Reformed[Church] Church Charity Charity Charity Charity[Number] Number[1129836] 1129836
Year Year ended ended 31[31] December December 2024 2024
## TRUSTEES TRUSTEES REPORT REPORT
> The The[Trustees] Trustees present[present][their] their report report[and] and[the] the independently[independently][examined] examined financial financial statements[statements] of of the[the] charity charity for for the the year year ended ended 31 31 December December 2024. 2024. These These are are produced produced on on the the Receipts Receipts and and
> Payments Payments[basis,] basis, taking[taking] advantage[advantage] of of the[the][provisions] provisions[of] of Section[Section] 133(1)[133(1)][of] of[ the] the Charities Charities Act Act 2011. 2011.
## ADMINISTRATIVE ADMINISTRATIVE INFORMATION INFORMATION
Water Water[Lane] Lane United United Reformed[Reformed][Church] Church[Charity] Charity is[is][a] a local[local] church[church] of[of] the[ the][United] United Reformed[Reformed] Church[Church] in in Great Great Britain,[Britain,] and and is is a a member member church church of of Eastern Eastern Synod Synod of of the the Church. Church. It It was was registered registered on on 27 27 May May 2009 2009 as as Charity Charity Number Number 1129836. 1129836. Water Water Lane[Lane][Church] Church is[is] situated[situated] at[at] Water Water[Lane,] Lane, Bishop’s Bishop's Stortford, Stortford,[Hertfordshire,] Hertfordshire,[CM23] CM23 2JZ,[2JZ,][tel.] tel. 01279 01279 755610. 755610.
> The The members members of of the the Elders' Elders’ Meeting Meeting for for the the time time being being are are recognised recognised as as the the charity[charity][trustees.] trustees.
> Those Those who who served served from from 1[1] January January 2024 2024 until[until] the the date date this this report report was was approved approved are: are: Mrs Mrs A A Hunter Hunter Treasurer Treasurer Mrs Mrs J[J] Pinnell Pinnell Mr Mr A A Booth Booth Ms Ms G G Rhee Rhee Church Church Secretary Secretary Mrs Mrs[P] P Bayston Bayston Mrs Mrs A A M M Groves Groves Mrs Mrs[R] R Dickens Dickens Mrs Mrs Michelle Michelle Czajkowski Czajkowski
> The The church[church] buildings buildings are are[vested] vested[in] in the the Synod Synod Trust Trust[having] having legal legal ownership ownership of[of] these[these] premises premises as as[trustees] trustees[and] and[held] held[for] for the[the] benefit[benefit][of] of Water Water[Lane] Lane[URC] URC in[in] accordance accordance[with] with the[the][trusts] trusts applicable applicable[to] to URC URC[properties.] properties.
## STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND AND MANAGEMENT MANAGEMENT
> The The activities activities[of] of Water Water Lane Lane URC URC are are overseen overseen by by the the Elders Elders meeting meeting of of the the church church in in accordance accordance with[with][the] the[provisions] provisions of[of][ The] The[Structure] Structure[of] of[ the] the United United[Reformed] Reformed[Church] Church determined[determined] by[by] the the General General Assembly Assembly[of] of the the United United Reformed Reformed Church Church and and supplemented supplemented by by the the rules[rules] of[of] Water Water Lane Lane Church. Church.[The] The governing[governing] document document[of] of the the registered registered charity[charity] is is a a statement statement[adopted] adopted
> by by the the Church Church Meeting Meeting on on 1[1] March March 2009. 2009.
> The The Elders’ Elders' Meeting Meeting is is responsible responsible for for the the financial financial administration administration[of] of the the church church and and the the care care and and maintenance maintenance[of] of church church premises premises and and the the manse. manse. The The Church Church Meeting Meeting (of[(of][all] all members members
> wishing wishing to to attend) attend) gives gives general general guidance guidance on on the the life life and and work work of of the the church. church. The The Elders' Elders’
> Meeting Meeting is is composed composed[of] of the the minister minister in in pastoral pastoral charge charge and and up up to to 12 12 members members of[of] Water Water Lane Lane URC URC[nominated,] nominated, and and elected, elected, by[by] Church Church Meeting. Meeting. Elders Elders serve serve for for 5[5] years, years, retired retired by by rotation, rotation,
> their their period period of[of] service service may may be be extended extended by by agreement agreement of of the the Church Church Meeting. Meeting. There There is is no no limit limit on on the the number number of of consecutive consecutive periods periods of of service. service. The The elected elected members members of of the the Elders’[Elders']
> meeting meeting are are the the trustees trustees of[of] the the registered registered[charity] charity during during their their period period of[of] service service as as Elders. Elders.
> The The[Elders'] Elders’ Meeting Meeting met met 12 12 times times during during the the year. year. It It is is assisted assisted in in the the administration administration of of the the Church Church and and its its property property by by Finance Finance & & Property Property Committee Committee[(currently] (currently 4 4 members) members)
> The The Church Church Meeting Meeting met met 6[6] times times during during 2024. 2024.
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> Water Water Lane[Lane] United[United] Reformed Reformed[Church] Church Charity[Charity]
> Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31[31] December December 2024 2024
## OBJECTIVES OBJECTIVES AND AND ACTIVITIES ACTIVITIES
> As As a[a] local local congregation congregation of of the[the][United] United Reformed Reformed[Church,] Church, Water[Water] Lane[Lane] Church[Church] seeks[seeks] to[to] advance[advance] the the Christian Christian[religion] religion through through its its activities activities and and the the facilities facilities offered offered to[to][the] the community community by by its its building building and and described described more more[specifically] specifically[below:] below: Object Object[of] of[ the] the charity charity
- a. a. Proclaim Proclaim the[the] Good Good News News[of] of the[ the] Kingdom Kingdom of[of] God[God] b. b. Teach, Teach, baptise baptise and and nurture[nurture] new new believers believers C. c. Respond Respond to[to] human human need need[by] by loving[loving][service] service d. d. Seek Seek[to] to transform[transform][unjust] unjust structures structures of of society society e. Strive Strive to[to] safeguard safeguard[the] the integrity integrity of of creation creation
- The The Elders' Elders’ Meeting[Meeting] is[is] aware aware of of the[the][Charity] Charity Commission’s Commission's[guidance] guidance on on the[the] public public[benefit] benefit[in] in “The "The advancement advancement of[of] religion religion for for[the] the public public benefit” benefit" and and has has regard[regard] to[to] it[it] in[in] the[the] administration administration of of the the church. church. The The Elders' Elders’ Meeting Meeting believes[believes][that] that the[the] church church provides provides benefit[benefit][to] to the[the] public public[by:] by:
1. 1. Providing Providing resources resources and and facilities facilities[for] for public public worship, worship, pastoral pastoral care care and and spiritual, spiritual, moral moral and and intellectual intellectual development, development,[both] both[for] for[the] the congregation congregation and and for[for] anyone anyone else else who[who] wishes wishes[to] to benefit benefit from from what what[the] the church church offers. offers.
2. 2. Promoting Promoting Christian Christian values values and and[service] service by by the[the] members members of of the the congregation congregation[to] to[the] the community community for[for][the] the[benefit] benefit of of individuals individuals and and society society as as a a[whole.] whole.
Church Church Buildings[Buildings] The The church church and and hall[hall] are are[let] let[out] out[to] to[benefit] benefit the[the] local local community community and and to[to] provide[provide] funds funds[for] for the[the] maintenance maintenance and and upkeep upkeep[of] of the[the] buildings buildings whilst whilst[providing] providing funds funds for[for] Outreach. Outreach.
- Use Use of[of] Volunteers Volunteers
The The dictionary dictionary[definition] definition of of a a volunteer volunteer[is] is[that] that[of] of a a person person who[who] offers offers[service] service of of[their] their own own[free] free will will and and[at] at Water Water Lane Lane this this means means everyone everyone who who is is a a member member or or regular regular attender[attender] at[at][worship.] worship. To To be[be] a a Christian Christian[is] is to[to] be[be] a a volunteer volunteer[in] in[the] the[service] service of of the[the][Lord.] Lord. To To[the] the extent extent[that] that Christians[Christians][ offer] offer[their] their[services] services beyond beyond[the] the local local church church at[at][synod] synod or or[national] national level level they they remain remain volunteers, volunteers, but but their their[service] service is is[in] in a a more more regional regional context. context. This This includes includes those those[who] who sit sit on on committees,[committees,] those those who who[preach,] preach, teach teach and and in[in] any any way way contribute contribute towards[towards][the] the furtherance furtherance of of the[the] kingdom[kingdom] of God of God[in] in[the] the[United] United Reformed Reformed Church. Church. Most Most ministers ministers of[of] word word and and sacrament sacrament are are paid[paid] directly[directly] from[from] the[the] Finance Finance Office Office of of the[the][United] United Reformed Reformed Church[Church][in] in[London.] London. Other Other than[than] that, that, we we are are[all] all volunteers. volunteers. Organisational Organisational Structure Structure The The[United] United Reformed Reformed Church Church is[is] a a conciliate conciliate organisation. organisation. The The Government Government of[of] the[the] Church[Church][is] is exercised exercised through through Church Church Meetings Meetings[of] of Members. Members. All All major major[decisions] decisions (as[(as] required[required][by] by the[the] constitution) constitution) are are referred referred to to the the Church Church Meeting. Meeting. Church Church Meetings Meetings take take place[place] approximately approximately every every two[two] months[months][and] and there[there] is[is] an[an][Annual] Annual[Meeting] Meeting of[of] Church[Church] and[and] Congregation.[Congregation.] Extraordinary Extraordinary meetings meetings are are called called as as required. required. The The body body[responsible] responsible for for[the] the overall overall executive executive and and pastoral pastoral decisions decisions is is the the Elders Elders meeting meeting which which meets meets approximately approximately once once a a month. month. The The Finance Finance & &
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Water Water Lane Lane United United Reformed Reformed Church[Church][Charity] Charity Charity Charity Number Number 1129836 1129836 Year Year ended ended 31[31] December December 2024 2024
> Property Property Committee, Committee, which which is is responsible responsible for for administrative administrative[financial] financial and and property property issues issues
> meets meets every every[two] two[months.] months. The The[Elders] Elders[review] review and and decide decide[whether] whether[to] to[act] act on on the[the]
> recommendations recommendations of of the[the] Finance Finance & &[Property] Property Committee.[Committee.]
## ACHIEVEMENTS ACHIEVEMENTS AND AND PERFORMANCE PERFORMANCE
> The The church church continues continues[to] to actively actively welcome welcome any any persons persons who[who] wish wish[to] to hear hear the[the] Good Good News News of of
> the the Kingdom Kingdom of of God. God. In In line line with with many many other other churches churches in in the the UK UK membership membership has has been been in in gradual gradual decline. decline. The The Elders Elders are are aware aware of of the the changing changing profile profile of of its its congregation congregation and and are are investigating investigating likely[likely] causes causes and and opportunities opportunities for[for] encouraging encouraging more more[individuals,] individuals, families families and and young young[people] people to[to] worship[worship][with] with[us.] us. During During[2024] 2024 the[the] church church was was[concerned] concerned[with] with[planning] planning for[for] two[two] future[future] aspects aspects[critical] critical aspects aspects[of] of church church life,[life,] arrangements arrangements[for] for future[future][mission] mission and and[ministry] ministry and and the[the] necessary necessary redevelopment[redevelopment][of] of the the Church Church Estate. Estate.
> The The church church continued continued[in] in ministerial ministerial vacancy vacancy throughout throughout[2024] 2024 and and up up until until the[the] date date of of this[this] report. report. We We had had[the] the support support of of Rev. Rev. Nigel Nigel Uden Uden as as our our[Interim] Interim Moderator[Moderator] until[until][his] his retirement[retirement][in] in July July 2025. 2025. We We are are now now without without an an Interim[Interim] Moderator Moderator but but are are about about to[to] enter enter the the Four Four Rivers[Rivers] Mission Mission[Partnership] Partnership along along[with] with churches[churches][from] from Whittlesford, Whittlesford, Sawston, Sawston,[Clare,] Clare, Safron Safron Walden Walden
> and and Thaxted. Thaxted. A A vacancy vacancy is[is] due due[to] to[be] be declared declared[in] in[October] October[2025] 2025 with[with] a a[view] view to[to] appointing[appointing] a[a] minister minister with[with] primary[primary] oversight oversight of[of] Bishop’s[Bishop's][Stortford] Stortford and and Saffron Saffron Walden.[Walden.]
- Following Following lockdown lockdown[restraints] restraints on on operations operations of[of] church church and and hall hall lettings, lettings, several several user user groups groups closed closed altogether altogether or or made made alternative alternative arrangements arrangements due due to[to] the the prospective prospective closure closure of[of] the the hall. hall. Opportunities Opportunities for for fundraising fundraising have have been been slow slow to to return return to to pre-lockdown pre-lockdown levels levels as as the the church' church’. Our Our major fundraising major fundraising effort[effort] is[is] the[the] bazaar bazaar[in] in November. November.[This] This was was successful successful and and raised[raised] £768[E768] for for charitable charitable causes. causes. Our Our normal normal pattern pattern[of] of outreach outreach activity activity includes: includes: - Providing Providing financial financial contributions contributions[to] to specific[specific] Christian Christian projects projects and and through through regular regular communion communion collections collections[for] for worthy worthy causes. causes.
- - Promoting Promoting ‘Commitment Commitment[for] for Life' Life’ financial financial giving giving through through Christian Christian[Aid] Aid partners partners - Occasional Occasional campaigning campaigning towards towards the[the] goal[goal][of] of eradication eradication of of Third Third World World debt[debt] and and poverty. poverty.
- - Being Being active active members members of of Church[Church][Together] Together[in] in Bishop’s[Bishop's][Stortford,] Stortford, supporting supporting its[its] agreed agreed activities activities such such as as[the] the local local street[street] pastors. pastors.
- - Providing Providing regular regular coffee coffee mornings mornings[that] that are are available available[to] to the the community. community.
- As As we we move move[into] into the[the] new new[mission] mission partnership partnership and and[the] the refurbished refurbished church church building[building] we we are are looking looking forward forward to[to] the the future future opportunities opportunities that that will will[arise] arise from from these these positive positive changes. changes. Redevelopment Redevelopment of[of] Church Church[Estate] Estate As As of of the[the] date date of of[this] this report, report,[the] the Church Church has has moved moved[into] into[the] the refurbished refurbished Church Church Building[Building] and[and] ended ended[the] the lease[lease] on on[the] the Church[Church][Hall] Hall[with] with East East Herts[Herts][District] District[Council.] Council. The The first[first] service service was was[held] held in in the the Church Church on on 21 21 September September 2025. 2025. An An open open afternoon afternoon was was held held on on October October 4 4 2025 2025 to to rereintroduce introduce the the building building to to the the local local community. community. A A Service Service of of Rededication Rededication of of the the Church Church will will be be held held on on 8[8] November November 2025. 2025.
Many Many of[of] the[the][prior] prior users users of[of] church church[hall] hall are are being[being] accommodated accommodated[in] in[the] the refurbished refurbished church church building. building. The The significant significant exception exception is is those those activities activities that that require require an an alcohol alcohol licence. licence. We We note note that that such such regular regular users users have have found found alternative alternative venues venues[in] in[Bishop's] Bishop’s Stortford. Stortford.
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> Water Water Lane Lane[United] United Reformed Reformed[Church] Church[Charity] Charity Charity Charity Number Number 1129836 1129836 Year Year ended ended[31] 31 December December 2024 2024
> The The Synod Synod Trustees Trustees completed completed[the] the[sale] sale of of the[the][Church] Church[Hall] Hall with[with][East] East Herts Herts District[District] Council[Council]
> (EHDC) (EHDC) at[at][the] the end end[of] of September September[2019.] 2019. It It was was leased leased back back to to the the Church Church by by EHDC EHDC at at a a
> peppercorn peppercorn rent[rent] until[until] such[such] time[time] as as[the] the[Church] Church[is] is[ready] ready[to] to end[end][the] the lease[lease] (once[(once][building] building[works] works
> at at the the Church Church are are complete). complete). Throughout Throughout 2024 2024 and and until until the the end end of of September September 2025 2025 the the hall hall continued continued[to] to be[be][used] used[by] by[the] the Church. Church.
> Proceeds Proceeds[of] of the[the][Hall] Hall[sale] sale were were[held] held[by] by Synod Synod Trustees Trustees[to] to[fund] fund[the] the extension extension and and reconfiguration reconfiguration of[of] the[the] Church Church[building] building[to] to[facilitate] facilitate[a] a wider wider range range of[of] use, use, together together with[with] associated associated costs.[costs.] Planning Planning permission permission for[for] an an extension extension and and[reconfiguration] reconfiguration[of] of the[the] church church was was granted[granted][in] in Autumn Autumn 2022. 2022. Conditions Conditions are are at[at] present present being[being] fulfilled fulfilled[to] to ensure ensure that that this this permission permission remains remains[in] in perpetuity perpetuity from from November November 2025. 2025. Our Our initial initial costings costings[for] for the[ the] Church Church Extension Extension[prior] prior to[to] the[the][hall] hall being being sold sold indicated indicated the the works works would would be be covered covered by by the the proceeds proceeds of of the the Hall Hall sale. sale. However, However, the the more more complex complex design design required required[to] to meet meet planning planning concerns concerns together together with with the[the] recent[recent] rapid rapid price price increases increases in[in] building[building] materials materials means means this[this] is[is] no no[longer] longer the[the] case. case. The The[project] project has[has] therefore therefore been been split split into into two two phases. phases. Phased Phased[1] 1 of of the[the] works works incorporating incorporating the[the] internal[internal][works] works[to] to the the Church Church building building (pew (pew removal, removal, kitchen kitchen[extension,] extension, new new screen screen / / vestry, vestry, heating heating system, system, lighting lighting system, system, sound/visual[sound/visual] system, system, front front doors doors of of church) church) began began[in] in January January 2025 2025 and and was was
> completed completed mid-September mid-September[2025.] 2025. The The Listed Listed Building Building and and Advisory[Advisory][Committee] Committee approved approved the[the] removal removal of of pews pews and and[the] the design design[concepts.] concepts.[Work] Work[is] is[currently] currently being[being] undertaken[undertaken] regarding[regarding]
> Phase Phase[2] 2 works works which[which][relate] relate[to] to[a] a side side extension extension — — due due to to increase increase in in costs costs this this may may need need to to be be reduced reduced in[in] scope scope and and may may be be subject subject to[to] modifications modifications to[to] the the planning planning granted.[granted.]
> In In late late 2022 2022 we we successfully successfully applied applied for for grant grant towards towards the the works works from from[the] the Town Town Council,[Council,] who who awarded awarded us us the[the] maximum maximum available available sum sum[of] of £50,000[E50,000][based] based on on[the] the scheme[scheme][ that] that[received] received planning planning consent. consent. We We are are very very[grateful] grateful not not only only for for the[the] finance, finance, but but for for the[the] civic civic support[support][for] for the[the] project project that that[it] it represents represents as as it[it] is is very very much much our our intention[intention][to] to make make[the] the enhanced enhanced Church[Church]
> building building available available[for] for wider wider community community use. use. Once Once work work commenced commenced[in] in[2025,] 2025, the[the] Council[Council][paid] paid
> the the grant grant[to] to the the church church.
## FINANCIAL FINANCIAL REVIEW REVIEW
The The charity charity has has opted[opted][to] to produce[produce] accounts accounts on on[the] the Receipts Receipts and and Payments[Payments] basis[basis][for] for[2024,] 2024, taking taking advantage advantage of of the[the] provisions provisions of of Section[Section][133(1)] 133(1) of of the[the] Charities Charities Act Act[2011.] 2011. The The accounts accounts take take the[the][form] form of of a a Receipts Receipts and and Payments Payments account account for[for] 2024[2024] and and a[a][Statement] Statement[of Assets] of Assets and and Liabilities Liabilities as as[at] at 31[31] December December[2024.] 2024. These These figures figures are are divided divided in[in] columns[columns][between] between[ the] the separate separate categories[categories] of[of] trust[trust] as as indicated indicated as as[best] best practice practice[by] by[the] the Charity[Charity][ Commission] Commission and and show show at at the the foot foot of of the the page page the the resulting resulting changes changes in in the the trust trust totals. totals. Subsequent Subsequent notes notes give give greater greater detail. detail. Running Running the the church church hall hall since since lockdown lockdown has has proved proved[to] to be be[something] something of of a a drain drain on on the[the] church’s[church's] financial financial resources. resources. While While we we welcomed welcomed some some new new users users since since the the pandemic, pandemic, many many organisations organisations did did not not return, return, particularly[particularly] given given that that the the church church hall hall was was slated slated to[to] close. close. Running Running costs costs stayed stayed high, high, with with much much of of the[the] plant plant and and equipment equipment being[being] at[at] end end of of life.[life.] However, However,[the] the church church hall hall was was vital vital to[to][the] the continuity continuity of of the[the] charity charity in[in][2025] 2025 when[when] the[the] church church building building itself itself closed closed for for[refurbishment.] refurbishment. Now Now that that[the] the hall hall has has been been vacated,[vacated,] this this area area of[of] expenditure expenditure has has[finished.] finished.
> As As noted[noted] above, above, many many of of the[the] regular regular church church[hall] hall users users[have] have been been able[able] to[to] relocate relocate their[their] activities activities to[to] the[the] refurbished refurbished church church building.[building.][We] We also also anticipate anticipate that[that] the[the][building] building[will] will be[be] used[used]
> by by additional additional local local organisations. organisations. During During 2024 2024 we we continued continued to[to][plan] plan for[for] the[the][redevelopment] redevelopment[project,] project, paying paying out[out][a] a further[further] £5,000[E5,000] on on surveyors’[surveyors'] fees[fees] for[for] specifying specifying[works] works[details] details[and] and[El] £1,973[,973] on[on][development] development insurance.[insurance.]
5 3)
> Water Water Lane[Lane][United] United Reformed Reformed[Church] Church[Charity] Charity Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31 31 December December 2024 2024
Overall Overall the[the] accounts accounts show show a[a] cash[cash][surplus] surplus of of £740[E740][for] for[the] the year, year,[albeit] albeit with[with] creditors creditors of[of] £3,017[E3,017] against against debtors debtors of of £1,519. El[,519.] Aside Aside from from the the changes changes in in activity activity envisaged envisaged in in 2025 2025 as as set set out out above, above, the the church church has has reduced reduced its its spend spend on on utility utility bills bills by by changing changing providers providers during during 2024. 2024. Donations Donations[have] have[held] held up up[during] during[the] the year, year, alongside alongside[hall] hall lettings.[lettings.] The The work work being[being] undertaken undertaken on on[the] the church church[in] in[2025] 2025[is] is fully[fully] funded[funded] as as[described] described above. above. Phase Phase 2[2] of[of] the[the] development development will[will] only only be be undertaken undertaken if if and and when when appropriate[appropriate][finance] finance is is available,[available,][while] while leaving leaving the[the] charity charity[with] with appropriate appropriate reserves reserves to to maintain maintain its its ongoing ongoing activities. activities.
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On On this this basis basis the the Elders Elders are are satisfied satisfied that that the the charity charity can can continue continue with with its its current current objectives objectives
and and activities activities [for] for [the] the foreseeable foreseeable future. future.
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Water Water Lane Lane United United Reformed Reformed Church Church Charity Charity Charity Charity Number Number 1129836 1129836 Year Year ended ended 31[31] December December 2024 2024
> INDEPENDENT INDEPENDENT EXAMINER'S EXAMINER'S REPORT REPORT ANNUAL ANNUAL[REPORT] REPORT[2024] 2024 I I report report on on the the financial financial statements statements of of Water Water Lane Lane United United Reformed Reformed Church Church Charity Charity[for] for the the year year ended ended 31 31 December December 2024, 2024, which which are are set set out out on on pages pages 8[8][to] to[17.] 17.
## Respective Respective responsibilities responsibilities
The trustees are[responsible][for] the[preparation] of[the] financial statements,[and][considers][that][the][audit] The trustees are responsible for the preparation of the financial statements, and considers that the audit requirement requirernent of of Section Section 144(2) 144(2) of of the the Charities Charities Act Act 201 2011[1] (the[(the][Act)] Act) does does not not apply. apply.[It] It[is] is my my responsibility responsibility to to state, state, on on the the basis basis of of procedures procedures specified specified in in[the] the General General Directions Directions given[given][by] by[the] the Charity Charity Commissioners Commissioners under under Section Section 145 145[(5)] (5) (b)[(b)] of of the the Act, Act. whether whether particular particular matters matters have have come come to to my my attention. attention. My My examination examination was was[carried] carried[out] out[in] in[accordance] accordance[with] with[the] the General[General] Directions Directions of of the[the][Charity] Charity[Commissioners.] Commissioners. An An[exmnination] examination includes[includes][a] a review review of ofthe[the] accounting accounting[records] records kept[kept][by] by[the] the church[church] and[and] a[a][comparison] comparison of[of] the[ the] accounts accounts[presented] presented[with] with[those] those[records.] records. It It also also[includes consideration] includes consideration of of any any unusual unusual items items or or disclosures disclosures in in the the financial financial statements, statements, and and seeking seeking[explanations] explanations concerning concerning any any[such] such matters. matters. The The procedllres procedures undertaken undertaken do do not not provide provide all all the the evidence evidence that that would would[be] be[required] required[in] in an an audit,[audit,] and[and] consequently consequently[I] |[do] do not not express express an an audit[audit] opinion opinion on on[the] the[view] view given[given][by] by[the] the[financial] financial statements.[statements.]
## Independent Independent Examiner's Examiner's statement statement
> In In connection connection with with my my examination, exam ination, no no tuaterial material matters matters in in connection[connection][with] with the[the] examination examination calne came to to my my
> attention attention which which gave gave me me cause cause to[to] believe believe[that] that in in any any[Inaterial] material respect: respect: - The The accounting accounting records records were were not not[kept] kept in in[accordance] accordance[with] with[section] section 130 130 of of[the] the Charities Charities[act] act or or - The The accounts accounts do do not not accord accord with with the the accounting accounting[records] records
I | have have no no concerns concerns and and have have come come across across no no other other matters matters in in connection connection[with] with the the examination examination to to which which attention attention should should[be] be drawn drawn[in] in[order] order[to] to[enable] enable a a proper proper[understanding] understanding of ofthe[the][accounts] accounts[to] to[be] be[reached.] reached.
Signed by Signed by the the[Independent] Independent[Exaniiner:] Examiner: Hayden Hayden[Watson] Watson BSc[BSc] (Hons) (Hons) FCCA FCCA The The MHH MHH[Partnership] Partnership Elstree Elstree House House Watson's Watson's Yard Yard High High Street Street Cottenham Cottenhalll CB24 CB24 8RX 8RX
date: date: 15 15 October October 2025 2025
> 7 -
Water Water Lane Lane United United Reformed Reformed Church Church Charity Charity Charity Charity Number[Number] 1129836[1129836]
## Year Year ended ended 31[31] December December 2024 2024
## Statement of Statement of[Financial] Financial Activities Activities
|||Genera/
Fund
General
Fund|Designated
Funds
Designated
Funds|Restricted
Funds
Restricted
Funds|Total
Funds
Total
Funds|pnor
Period
Prior
Period|
|---|---|---|---|---|---|---|
|||||||Total
Total|
|||||||Funds
Funds|
|||£|£|£|£|£|
|Receipts
Note
Receipts
Note|2
2||||||
|Donations
Charitable activities
Donations
Charitable activities||21 ,424
18,277
21,424
18,277|284
1,779
284
1,779|1 ,581
1,581
-|23,289
20,056
23,289
20,056|19,989
16,433
19,989
16,433|
|Fundraising (other
Fundraising (other||.|1,619
1,619|768
768|2,386
2,386|2,389
2,389|
|trading activity)
trading activity)|||||||
|Investments
Investments||47,351
47,351|~|-|47,351
47,351|47,235
47,235|
|Other
Other||2,600
___2,600|-|-|2,600
2,600|7,082
7,082|
|Total
Total||89,653
89,653|3,681
2,349
3,681 2,349||95,683
95,683|93,128
93,128|
|Payments
Note
URC Ministry and
Payments
Note
URC Ministry and|3
3|23,124
23,124|-|-|23,124
23,124|27,792
27,792|
|Mission
Mission|||||||
|Other Ministry, Mission,
Other Ministry, Mission,||17,639
17,639|-|-|17,639
17,639|15,957
15,957|
|Worship& Fellowship
Worship& Fellowship|||||||
|Church Maintenance&
Church Maintenance &||16,855
16,855|-|-|16,855
16,855|18,725
18,725|
|Running Costs
Running Costs|||||||
|Hall Maintenance&
Hall Maintenance &||27,908
27,908|:|.|27,908
27,908|29,243
29,243|
|Running Costs
Running Costs|||||||
|Church Estate
Church Estate||6,793
6,793|-|-|6,793
6,793|6,000
6,000|
|Redevelopment
Redevelopment|||||||
|Raising Funds
Raising Funds||-|:|-|-|600
600|
|Donations
Donations||-|-|2,444
2,444|2,444
2,444|2,921
2,921|
|Total
Total||92,499
92,499|-|2,444
2,444|94,942
94,942|101238
101,238|
|Net Receipts /(Payments)
Net Receipts /(Payments)||(2,846)
(2,846)|3,681
3,681|(95)
(95)|740
740|(8,111)
(8,111)|
|Draw down from investments
Drawdown from investments||.|-|-|-|15,000
15,000|
|Transfers between funds
Transfers between funds||3,681
3,681|(3,681)
(3,681)|-|-|-|
|Bank and on call deposits at the
Bankand on call deposits at the||25,810
25,810|-|594
594|26,403
26,403|19,514
19,514|
|start of the year
start ofthe year|||||||
|Bank and on call deposits at the
end of the year
Bankand on call deposits at the
end ofthe year||€26,645
€499
E27,144
E26,403
£26,645
£0
£499
£27,144
£26,403
a
_
_|||||
> 8 8
> Water Water Lane Lane[United] United Reformed Reformed Church[Church] Charity[Charity] Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31[31] December December 2024 2024
## Statement Statement of[of] Assets Assets and and Liabilities Liabilities[at] at Year Year[End] End
||||General
Funds
General
Funds|Designated
Funds
Designated
Funds|Restricted
Funds
Restricted
Funds|Total
Funds
Total
Funds _|Prior Period
total funds
PriorPeriod
totalfunds|
|---|---|---|---|---|---|---|---|
||||£|£|£|£|£|
|MonetaryAssets
Monetary Assets||Note 6
Note 6||||||
||Cash Funds
Cash Funds||26,645
26,645|-|499
499|27,144
27,144|26,403
26,403|
||Debtors
Debtors||1,519
1,519|-|-|1,519
1,519|1 ,096
1,096|
||Gift Aid Recoverable
Gift Aid Recoverable||105
105|25
25|185
185|314
314|715
715|
||COIF deposit held as
investment (Note 6)
COIF deposit held as
investment (Note 6)||48,000
48,000|;|;|48,000
48,000|48,000
48,000|
||||76,268
76,268|25
29|684
684|76,977
76,977|76,214
76,214|
|Liabilities
Liabilities||||||||
||Creditors
Creditors||3,017
3,017|-|-|3,017
3,017|1,565
1,565|
|Net MonetaryAssets
NetMonetaryAssets|||E73,252
£73,252|€25
£25|E684
£684|€73,960
£73,960|€74,649
£74649|
Assets Assets retained[retained] for[for] church church use use are are described described Notes Notes[7] 7 and and 8[8] of[of] these these[financial] financial[ statements.] statements.
Signed Signed on on behalf behalf of of the[the] Trustees: Trustees:
Z A « booth. Trustee Trustee Date. Date: $e Otbbe™ > 2O02>[Q2—S]
9 9
> Water Lane Water Lane[United] United Reformed Reformed Church[Church] Charity[Charity] Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31 31 December December 2024 2024
> 2 2 Analysis Analysis of of Receipts Receipts
## Notes Notes to to the the Accounts Accounts
- 1 1 Accounting Accounting Policies Policies
Receipts Receipts and and Payments Payments Accounting Accounting Water Water Lane Lane United United Reformed Reformed Church Church has has opted opted[to] to produce produce a a statement statement[of] of Receipts Receipts and and Payments Payments and and a a Statement Statement[of] of Assets Assets and and Liabilities Liabilities[in] in accordance accordance with[with] section[section] 133(1)[133(1)][of the] of the Charities Charities Act Act 2011, 2011, given given that that the the charity's charity’s income, income, from from all all sources, sources, has has not not exceeded exceeded £250,000. 250,000.
> Most Most income income is[is] received received on on a a cash cash[basis] basis and and[it] it[is] is[the] the church's church’s[normal] normal practice practice[to] to pay pay invoices[invoices] on on receipt.[receipt.]
> Freehold Freehold property property The The trustees[trustees][of the] of the church church buildings buildings and and[the] the Guild[Guild] House House are are the[the] URC[URC] (Eastern (Eastern Province) Province) Trust[Trust] who who hold[hold] them them upon upon trust[trust] for for purposes purposes connected connected[with] with Water Water Lane Lane United United Reformed Reformed Church. Church.
> The The[Guild] Guild House House[is] is[let] let to[to][long] long term term[tenants.] tenants. Rental Rental receipts receipts from[from] this[this] tenancy tenancy are are received received[by] by
> Water Water Lane Lane United United Reformed Reformed Church Church and and are are disclosed disclosed[in] in[the] the receipts receipts and and payment payment account. account.
Tax Tax Water Water Lane Lane United United Reformed Reformed Church Church[is] is a a[registered] registered charity charity and and thus thus exempt exempt from[from] taxation[taxation][in] in respect respect of[of] income income and and capital capital gains gains received received to[to][the] the[extent] extent[that] that[such] such income income or or gains gains are[are][applied] applied to to exclusively exclusively charitable charitable purposes. purposes. No No tax tax charges charges have have arisen arisen in in the the charity charity.
|Fund Structure Policy
Fund Structure Policy|||
|---|---|---|
|The charity maintains a general unrestricted fund which represents funds that are available for
The charity maintains a general unrestricted fund which represents funds that are available for|||
|use at the discretion of the Trustees in furtherance of the objects of the charity. The charity
use at the discretion ofthe Trustees in furtherance ofthe objects ofthe charity. The charity|||
|operates onedesignated fund, the Administrative Expense fund.
Restricted funds have
operates one designated fund, the Administrative Expense fund.
Restricted funds have||been
been|
|provided to the charity for particular purposes, and it is the policy of the Trustees to monitor the
application of those funds in accordance with the restrictions placed upon them.
provided to the charity for particular purposes, and it is the policy ofthe Trustees to monitor the
application ofthose funds in accordance with the restrictions placed upon them.|||
|Analysis of Receipts
Analysis of Receipts|||
|General
Designated
General
Designated|Restricted
Total
Restricted
Total|Prior Period
PriorPeriod|
|Fund
Funds
Fund
Funds|Funds
Funds
Funds
Funds —|TotalFunds
TotalFunds|
|3
£|£
£|£|
|Receipts from Donations and Legacies
Receipts from Donations and Legacies|||
|Freewill offerings
15,380
Freewill offerings
15,380
-|15,380
-
15,380|14,930
14,930|
|Income from legacies
2,000
Income from legacies
2,000
-|2,000
-
2,000|-|
|Communion collections
Communion collections
-
-|688
688
688
688|927
927|
|Commitment for Life
Commitment for Life
-
-|495
495
495
495|453
453|
|Other donations
10
240
Other donations
10
240|48
298
48
298|666
666|
|Income tax refunds
3,585
44
Income tax refunds
3,585
44|351
3,979
351
3,979|3,013
3,013|
|Total
21 ,424
284
Total
21,424
284|1 ,581
23,289
1,581
23,289|19,989
19,989|
|Income tax refunds are claimed under Gift Aid or the Gift Aid
Income tax refunds are claimed under Gift Aid or the Gift Aid|Small Donation Scheme.
Small Donation Scheme.||
|General
Designated
General
Designated|Restricted
Total
Restricted
Total|Prior Period
PriorPeriod|
|Fund
Funds
Fund
Funds|Funds
Funds
Funds
Funds|TotalFunds
Total Funds|
|E
£|£
£|ra|
|Receipts from CharitableActivities
Receipts from Charitable Activities|||
|Hire of the Church
1 ,339
Hire of the Church
1,339
-|1,339
-
1,339|1 ,896
1,896|
|Hire of the Church
Hall
Hire of the Church Hall
13,411
-|13,411
-
13,411|9,327
9,327|
|Special Services
60
Special Services
60|60
60|-|
|Car Parking
3,279
Car Parking
3,279
-|3,279
-
3,279|3,336
3,336|
|1,779
Coffee mornings
189
Coffee mornings
189
1,779|1,968
-
1,968|2,252
2,252|
|1,779
18,277
18,277
1,779|20,056
-
20,056|16,433
16,433|
10 10
> Water Water Lane Lane United United Reformed Reformed Church[Church][Charity] Charity Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31 31 December December 2024 2024
||The offering of facilities to the community falls within the charitable objectives
The offering of facilities to the community falls within the charitable objectives|and activities of
and activities of|
|---|---|---|
||the charity.
the charity.||
||Coffee mornings are held as a time of fellowship for members of the congregation and others
within the broadercommunity. Receipts include the sale of baked goods provided by members
Coffee mornings are held as a time offellowship for members ofthe congregation and others
within the broader community. Receipts include the sale ofbaked goods provided by members||
||of the church, the donated value ofwhich is estimated at E600 (2023 E600).
ofthe church, the donated value ofwhich is estimated at£600 (2023 £600).||
||General
Designated
Restricted
General
Designated
Restricted|Total
PriorPeriod
Total
PriorPeriod|
||Fund
Funds
Funds
Fund
Funds
Funds|Funds
TotalFunds
Funds
Total Funds|
||£
£|£
£|
||Money raising
Money raising||
||Bazaar
Bric-a-bracstall
369
1 ,250
768
Bazaar
-
369
768
Bric-a-brac stall
-
1,250
-|1,136
1,250
954
1 ,435
1,136
954
1,250
1,435|
||1,619
768
-
1,619
768|2,386
2,389
2,386
2,389|
||The bric-a-brac stall and bazaar relate materially to the onward sale of items
members of the congregation.
Items are typically given on or near to the day
The bric-a-brac stall and bazaar relate materially to the onward sale of items
members ofthe congregation.
Items are typically given on or near to the day|donated by
of sale and it is
donated by
ofsale and it is|
||impractical to estimate the fair value of such items other than via sale proceeds.
impractical to estimate the fairvalue ofsuch items other than via sale proceeds.||
|||prior
Prior|
||General
Designated
Restricted
General
Designated
Restricted|Total
period
Total
Period|
||Fund
Funds
Funds
Fund
Funds
Funds|Funds
Total
Funds
Total|
|||Funds
Funds|
||£
£
£|£
3|
||Investments
Investments||
||Guild House Rent
44,750
Guild House Rent
44,750
-
-|44,750
44,750
44,750
44,750|
||Coif Deposit Interest
2,404
Coif Deposit Interest
2,404
-
-|2,404
2,345
2,404
2,345|
||Otherinterestreceived
197
Other interest received
197
-
-|197
140
197
140|
||47,351
47,351
3
-|47,351
47,235
47,351
47,235|
||£
£
£|£
£|
||Other Receipts
Other Receipts||
||Synod Energy Grant
Synod Energy Grant
-
=
:|5,222
-
5,222|
||Rent ofoutdoor space
2,600
Rent ofoutdoor space
2,600
;
-|2,600
1,800
2,600
1,800|
||Sundry income
Sundry income
-
-
-|60
-
60|
||2,600
2,600
2
-|2,600
7,082
2,600
7,082|
||Water Lane Bar reopened as Water Lane Lounge in November 2022.
The charity concluded
Water Lane Bar reopened as Water Lane Lounge in November 2022. The charity concluded||
||negotiations for a lease with the newowners in early 2023 for outdoor space
negotiations fora lease with the new owners in early 2023 for outdoor space|to put the bar's air
to put the bar's air|
||conditioning units. Renthas been received from that date onwards.
conditioning units. Rent has been received from that date onwards.||
|3
3|Analysis of Payments
Analysis of Payments||
||General
Designated
Restricted
General
Designated
Restricted|Total
PriorPeriod
Total
PriorPeriod|
||Funds
Funds
Funds
Funds
Funds
Funds
£
rs
3|Funds
totalfunds
Funds _
total funds
£
£|
||Raising Funds
Raising Funds||
||Legal fees re outdoor
space lease
Legal fees re outdoor
space lease
-
:
:|600
7
600|
11 11
## Water Water Lane Lane[United] United Reformed Reformed[Church] Church Charity[Charity] Charity Charity Number Number 1129836 1129836
## Year Year ended ended[31] 31 December December 2024 2024
|General
General|Designated
Designated|Designated
Designated|Restricted
Restricted|Restricted
Restricted|Restricted
Restricted|Total
Prior Period
Total
PriorPeriod|Total
Prior Period
Total
PriorPeriod|
|---|---|---|---|---|---|---|---|
|Funds
Funds|Funds
Funds|||Funds
Funds||Funds
Total Funds
Funds
Total Funds||
|£||£|||&|Pa|£|
|Payments relating to Charitable Activities
Payments relating to Charitable Activities||||||||
|URC Ministryand
23,124
Mission Fund
oie mist
yan
23,124
Mission Fund||:|||-|23,124
23,124|27,792
27,792|
|The church contributes to the central URC costs of
The church contributes to the central URC costs of||training and
training and|||providing ministers
providing ministers|||
|(including the centralised payment of stipends, pension contributions
for ministers), running the denomination and the wider mission of the
(including the centralised payment of stipends, pension contributions
for ministers), running the denomination and the wider mission ofthe||||||and other benefits
national church.
and other benefits
national church.||
|Other Ministry, Mission, Worship &
OtherMinistry, Mission, Worship &||||||||
|Fellowship
Fellowship||||||||
|Pulpit Supply
1,129
Pulpit Supply
1,129|-|||-|1,129
1,129||1,127
1,127|
|Organist
3,705
Organist
3,705|-|||-|3,705
3,705||3,320
3,320|
|Administrator's
salary (a)
6,433
Administrator's
salary (a)
6,433|-|||-|6,433
6,433||5,973
5,973|
|Licences and
subscriptions
Other directcosts
642
386
Licences and
subscriptions
—_
Other direct costs
386|°
-|||-
-||642
386
62
386|613
239
e18
239|
|Share ofsupportcosts
(see below)
5,345
Share ofsupport costs
(see below)
5,345|-|||-|5,345
5,345||4,555
4,555|
|Total
17,639
Total
17,639|-|||-|17,639
17,639||15,957
15,957|
|Maintenanceand running costs
— Church (b)
Maintenance andrunning costs— Church (b)||||||||
|Repairs and renewals
1 ,254
Repairs and renewals
1,254||-|||-|1 ,254
1,254|669
669|
|Utilities
6,340
Utilities
6,340||-|||-|6,340
6,340|8,814
8,814|
|Cleaning and refuse
collection (40%)
4,861
Cleaning and refuse
collection (40%)
4,061||-|||~|4,861
4,861|4,805
4.805|
|Grounds
maintenance (40%)
1 ,028
Grounds
maintenance (40%)
ie||”|||-|1,028
ines|829
829|
|Organ tuning and
maintenance
294
Organ tuning and
maintenance
aie||°|||-|294
ai|169
Ise|
|Other direct costs
6
Other direct costs
6||||||6
6|147
147|
|Share of support
costs (see below)
3,072
Share of support
costs (see below)
aie||”|||;|3,072
3,072|3,293
3,293|
|Total
16,855
Total
16,855||-|||-|16,855
16,855|18,725
18,725|
|Maintenanceand running costs
-
Hall (b)
Maintenance andrunning costs— Hall (b)||||||||
|Repairs and renewals
3,236
Repairs and renewals
3,236|||-||-|3,236
3,236|2,696
2,696|
|Utilities
12,339
Utilities
12,339|||-||-|12,339
12,339|14,545
14,545|
|Cleaning and refuse
collection (60%)
7,292
Cleaning and refuse
collection (60%)
Wee|||°||”|7,292
+ eee|7,207
HEOF|
|Grounds (60%)
maintenance
1,542
Grounds (60%)
mBintanance
1,542|||-||-|1,542
1,542|856
856|
|Other directcosts
48
Other direct costs
48|||-||-|48
48|48
48|
|Share ofsupport
costs (see below)
3,451
Share of support
costs (see below)
3451|||°||7|3,451
3,451|3,503
3,503|
|Total
27,908
Total
27,908|||-||-|27,908
27,908|29,243
29,243|
|Church Estate
Redevelopment
6,973
Church Estate
Redevelopment
6,973||||-|-|6,973
6,973|6,000
6,000|
|Donations
Donations|-||||2,444
2,444|2,444
2,444|2,921
2,921|
|Total Expenditure on
Charitable Activities
92,499
Total Expenditure on
CharitableActivities
92,499||||-|2,444
2,444|94,942
94,942|100,638
100,638|
12 12
## Water Water[Lane] Lane[United] United[Reformed] Reformed Church[Church] Charity Charity Charity Charity Number[Number][1129836] 1129836 Year Year ended ended 31[31] December December 2024 2024
(a) (a) The The role role[of] of the the paid paid administrator administrator is is to[to] support support the the[Minister,] Minister, Church Church Secretary Secretary and and Elders Elders in in the the Ministry, Ministry, Mission, Mission, Worship Worship and and Fellowship Fellowship activities activities of[of] the[the][church.] church. (b) (b) The The Lettings Lettings Secretary, Secretary, Treasurer Treasurer and and Bookkeeper Bookkeeper are are all all unpaid unpaid volunteers. volunteers.
|||£|£|£|£|
|---|---|---|---|---|---|
|2024
2024|Support Costs
##Support Costs|Ministry
Ministry|Church
Church|Hall
Hall|Total
Total|
||Independent Accounts
Examination 1:1:1
Independent Accounts
Examination 1:1:1|°|7|°|¥
°|
||Office costs 7:1:2
Office costs 7:1:2|2,651
2,651|379
379|757
757|3,787
3,787|
||Insurance
1:1:1
Insurance
1:1:1|2,610
2,610|2,610
2,610|2,610
2,610|7,830
7,830|
||Bank Charges 1:1:1
BankCharges 1:1:1|84
84|84
84|84
84|251
251|
||Total
Total|5,345
5,345|3,072
3,072|3,451
3,451|11 ,868
11,868|
||The 2024 invoice for accounts examination (El,680) was paid in February 2025.
The 2024 invoice for accounts examination (£1,680)was paid in February 2025.|||||
|||£|£|£|£|
|2024
2024|Church Estate
Redevelopment
Professional costs
ChurchEstate
Redevelopment
Professional costs|Ministry
=
Ministry
-|Church
5,000
Church
5,000|Hall
Hall|Total
5,000
Total
5,000|
||Development
insurance
Development
insurance||1 ,973
Aya||1 ,973
1,973|
||Total
Total|6,973
9738|||6,973
FB|
|||£|£|£|a|
|2023
2023|Support Costs
SupportCosts|Ministry
Ministry|Church
Church|Hall
Hall|Total
Total|
||Independent Accounts
Examination 1:1:1
IndependentAccounts
Examination 1:1:1|540
wo|540
om|540
ae|1 ,620
1,620|
||Office costs 7:1:2
Office costs 7:1:2|1 ,472
1,472|210
210|421
421|2,103
2,103|
||Insurance
1:1:1
Bank Charges 1:1:1
Insurance
= 1:1:1
Bank Charges 1:1:1|2,462
81
2,462
81|2,462
81
2,462
81|2,462
81
2,462
81|7,385
243
7,385
243|
||Total
Total|4,555
3,293
3,503
11,351
—__ 4,555
32938503
ET||||
|||£|£|£|£|
|2023
2023|Church Estate
Redevelopment
ChurchEstate
Redevelopment|Ministry
_
Ministry|Church
Church|Hall
Hall|Total
Total|
||Professional costs
Professional costs|-|6,000
6,000||6,000
6,000|
||Total
Total|6,000
8000||6,000
«S000||
> All All costs costs are are allocated allocated equally equally across across the the three three categories, categories, with with the the exception exception of of office office costs costs
> which which are are split[split] based based on on estimated[estimated] usage usage[and] and professional professional[fees] fees re[re] property[property][ which] which are are allocated[allocated]
> across across[the] the[church] church and[and][hall] hall where[where][not] not[directly] directly attributed.[attributed.]
4 4 Payments Payments[to] to Trustees Trustees Phyllis Phyllis Bayston Bayston received received E £ 3,705 3,705 (2023 (2023 E3,320) £3,320) in in her her role role as as church church organist organist for for which which she she invoices invoices the[the] charity[charity] monthly.[monthly.] Trustees Trustees[other] other than[than] the[the][organist] organist received received no no[remuneration] remuneration[in] in[the] the year year[(2024] (2024 - - nil, nil, 2023 2023 - - nil). nil). During During the the year, year, trustees trustees other other than than[the] the minister minister were were reimbursed[reimbursed] £112.97 El[12.97] in[in] aggregate aggregate in[in] respect respect of of expenses expenses incurred incurred on on[behalf of ] behalf of the the church church (2023 (2023 - - El £182.65). 82.65). The The church church has has[been] been in[in] vacancy vacancy[throughout] throughout[2023] 2023[and] and[2024.] 2024. Hence Hence there there have have been been no no ministerial ministerial expenses expenses payable payable to to a a trustee. trustee.
13 13
## Water Water[Lane] Lane[United] United[Reformed] Reformed[Church] Church Charity Charity Charity Charity Number[Number] 1129836 1129836 Year Year ended ended 31 31 December December 2024 2024
|5
5|Employment Emoluments
Employment Emoluments|||||||
|---|---|---|---|---|---|---|---|
|||||TotalFunds
TotalFunds|Prior Period
totalfunds
PriorPeriod
iedeilfireds|||
|||||£||£||
||Part time administrator
Part time administrator|||6,433
6,433|5,973
5,973|||
||Employees
- part time administrator
Employees - part time administrator|||.4
4||.4
4||
|6
6|Net Monetary Assets
Net Monetary Assets|||||||
|||General
General|Designated
Designated|Restricted
Restricted|Total
Total|Prior Period
PriorPeriod|Prior Period
Period|
|||Fund
Fund|Fund
Fund|Fund
Fund|Funds
TotalFunds
Funds_ TotalFunds|||
|||£||£|£||£|
||Bank and Cash
Bank and Cash|||||||
||Expense Account
Expense Account|12,869
12,869|7|499
499|13,367
13,367||12,662
12,662|
||Deposit Account
DepositAccount|13,766
13,766|-|-|13,766
13,766||13,563
13,563|
||PettyCash
Petty Cash|10
10|-|-|10
10||178
178|
|||26,645
26,645|=|499
499|27,308
27,308||26,403
26,403|
||Debtors
Debtors|||||||
||Hall Lettings
Hall Lettings|1,519
1,519|-|-|1,519
1,519||1 ,096
1,096|
||Gift Aid Recoverable
Gift Aid Recoverable|105
105|25
25|185
185|314
314||715
715|
||Creditors
Creditors|||||||
||Water Lane Bar Rent
overpaid
Water Lane Bar Rent
overpaid|200
200|||200
0||”|
||Creditors
Creditors|2,707
2,707|~|-|2,707
2,707||1 ,465
1,465|
||Payroll taxes due
Payroll taxes due|110
110|-|-|110
110||100
100|
|||3,017
3,017|-|-|3,017
3,017||1 ,565
1,565|
## 7 7 Assets Assets for for Church Church Purposes Purposes
> For For reasons reasons explained[explained] in in[the] the accounting accounting[policies] policies[the] the church church buildings buildings are are not not tangible tangible[fixed] fixed assets assets of[of] the the church. church. For For insurance insurance purposes purposes[the] the Church Church is is[insured] insured for[for] around[around] £6[€6] million.[million.]
> Other Other assets assets[that] that the the church church owns owns are are commensurate commensurate with with the the running running of[of] the the church church and and include include[the] the organ, organ, one one[electric] electric piano,[piano,] church church fittings[fittings] (including[(including][pulpit,] pulpit, lectern, lectern, communion communion table table and and[chairs,] chairs, pews), pews), chairs chairs and and tables,[tables,] kitchen kitchen fittings fittings and and equipment equipment and and office office equipment equipment
> including including a a basic basic computer computer and and a a second-hand second-hand photocopier. photocopier. As As a a non-conformist non-conformist church, church, the the charity charity does does not not own own assets assets of of intrinsic intrinsic high high value value such such as as items items made made of[of] silver silver or gold or gold or or works works of of art. art.
## 8 8 Investments Investments
> For For reasons reasons explained[explained] in[in] the the accounting accounting[policies] policies[the] the Guild Guild House House is is not not a a tangible tangible[fixed] fixed asset[asset] of[of]
> the the church. church. For For insurance insurance purposes purposes the the Guild Guild House House is is insured insured for for El £1.3million. .3million. The The Guild Guild
> House House[is] is[held] held as as an an[investment] investment[property] property[and] and generates generates a a cash cash flow[flow] for for the[the][charity] charity as as shown[shown][in] in
> the the receipts receipts and and payment payment account. account.
14 14
> Water Water Lane Lane United[United] Reformed Reformed[Church] Church[Charity] Charity
> Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31[31] December December 2024 2024
> 9 9 Designated Designated[Funds] Funds
|The remaining investment is the COIFdeposit account, held on a long term basis, although
some drawdowns are occurring to fund the professional fees on the church redevelopment
The remaining investment is the COIF deposit account, held on a long term basis, although
somedrawdowns are occurring to fund the professional fees on the church redevelopment|
|---|
|project.
project.|
|COIF
Total2024
deposit
Total2023
COIF
deposit
Total2024 _—Total2023|
|£
£
£|
|At 1 January 2024
48,000
48,000
63,000
At 1 January 2024
48,000
48,000
63,000|
|Drawdown in the year
15,000
Drawdown in the year
=
-
15,000|
|At 31 December2024
48,000
48,000
48,000
At31December2024
48,000
48,000
48,000|
|The church operates one monetary designated fund, the Administrative Expense Fund, with
the encouragement ofChurch Meeting.
This fund is used to ring fence the proceeds ofspecific
fundraising activities undertaken principally in order to defray local administrative expenses.
Suchfunds are not taken into account in the calculation ofour contribution to the wide URC
The church operates one monetary designated fund, the Administrative Expense Fund, with
the encouragement ofChurch Meeting. This fund is used to ring fence the proceeds ofspecific
fundraising activities undertaken principally in order to defray local administrative expenses.
Such funds are not taken into account in the calculation of our contribution to the wide URC|
|---|
|Ministry and Mission fund.
It was agreed that this decision could be reversed by consensus in
Church Meeting and hence the fund is designated ratherthan restricted. The surplus on this
fund is transferred at the end of each accounting year (other than in the unlikely event of sums
Ministry and Mission fund.
Itwas agreed that this decision could be reversed by consensus in
Church Meeting and hence the fund is designated ratherthan restricted. The surplus on this
fund is transferred at the end ofeach accounting year (other than in the unlikely event ofsums|
|raised exceeding local expenses).
raised exceeding local expenses).|
|Administrative Expense Fund
2024
2023
Administrative Expense Fund
2024
2023|
|£
£|
|At 1 January 2024
At 1 January 2024
0
0|
|Donations
Donations
240
355
.
Donations
240
355
Donations|
|Gift Aid
47
Gift Aid
47
-|
|Charitable
Coffee
Mornings
1 ,779
1,983
Coffee
Charitable
Mornings
1,779
1,983|
|Money
Raising
Bazaar
369
318
Money
Raising
Bazaar
369
318|
|Bric-a-brac
stall
1,250
1 ,435
Bric-a-brac
teil
1,250
1,435|
|Total receipts
3,681
4,091
Totalreceipts
3,681
4,091|
|Payments
Payments|
|Transfer to
Transfer to|
|General
3,681
4,007
General
3,681
4,007|
|Fund
Fund|
|Transfer to
Transfer to|
|Communion
84
Communion
-
84|
|Fund
Fund|
|Total transfers
3,681
4,091
Total transfers
3,681
4,091|
|As at 31 December2024
Asat31December2024
0
0|
15 15
Water Water Lane Lane United United Reformed Reformed Church Church Charity Charity Charity Charity Number Number 1129836 1129836
> Year Year ended ended 31 31 December December 2024 2024
> 10 10 Restricted Restricted Funds Funds
Charitable Charitable Fundraising Fundraising This This fund[fund] records records monies monies raised raised specifically[specifically] for for charities charities[(outside] (outside of[of the] the Communion Communion Fund Fund described described[below).] below). Where Where funds funds arise[arise] as as the[the] result result[of] of donations,[donations,] tax tax recovered recovered is is[also] also paid[paid] over over to to the the charity. charity. We We held held our our annual annual bazaar bazaar in in November November 2024. 2024.
Commitment Commitment for for Life[Life] There There is is an an annual annual appeal appeal[for] for Commitment Commitment[for] for Life, Life, a a fund fund within within the the wider wider United United Reformed Reformed Church. Church. Donations Donations are are collected collected in[in] November November and and December December and and are are remitted[remitted] when when[the] the appeal appeal is is complete. complete.
Communion Communion Fund Fund At At every every communion communion a a collection collection is is made made for for a a specific specific charity charity and and both both[the] the donation donation and and the the applicable applicable tax tax recovered recovered is is paid paid to to the the charity charity concerned. concerned.
> The The church church aims aims to[to] pay pay over over donations donations[to] to[other] other charities charities including including relevant relevant gift gift aid aid as as soon soon as as practicable practicable after[after][the] the donations donations are are received. received. This This may may[lead] lead to[to] a a negative negative balance balance on on a a fund fund[at] ata a point point in in time time when when gift gift aid[aid] has has been been paid paid over over[prior] prior to to being being claimed claimed and and received received by by the the church. church.
**==> picture [406 x 429] intentionally omitted <==**
**----- Start of picture text -----**
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charitable|Charitable|Commitment|Commitment|Communion|Communion|Total|Total|
|Fundraising|Fundraising|for|for Life|[Life]|Fund|Fund|2024|2024|
|£|£|a|£|
|At|At|1|1|January 2024|January 2024|291|291|303|303|0|594|594|
|Donations|Donations|Donations|Donations|48|48|495|495|688|688|1|1,496|,496|
|Gift|Gift|Aid|Aid|6|6|91|91|254|254|302|302|
|Fundraising|Fundraising|Bazaar|Bazaar|[Stalls]|Stalls|768|768|
|Total|Total|Receipts|Receipts|821|821|586|586|942|942|3,|3,142|142|
|Payments|Payments|Paid|Paid|over|over|1,123|1,123|394|394|92|92|2,330|2,330|
|Transfer|Transfer|[from]|from|
|administrative|administrative|--|-|-|
|expense|expense|fund|[fund]|
|As|As at|[at]|31|[31]|December|December|2024|2024|(11)|(11)|495|495|15|15|928|928|
|Gift|Gift aid|aid recoverable|recoverable|12|12|0|10|IO|83|83|
|Charitable|Charitable|Commitment|Commitment|Communion|Communion|Total|Total|
|Fundraising|Fundraising|for|for Life|[Life]|Fund|Fund|2023|2023|
|£|£|£|£|
|At|At|1|[1]|January 2023|January 2023|953|953|(25)|(25)|0|0|928|928|
|Donations|Donations|Donations|Donations|311|311|453|453|927|927|1,690|1|,690|
|Gift|Gift|Aid|Aid|
|95|83|178|
|received|received|95|°|aa|8|
|Fundraising|Fundraising|Bazaar|Bazaar|stalls|stalls|636|636|-|-|636|636|
|Total|Total Receipts|Receipts|1,041|1,041|453|453|1,009|1,009|2,504|2,504|
|Payments|Payments|Paid|Paid|over|over|1|1,703|,703|125|125|1,093|1,093|2,921|2,921|
|Transfer|Transfer|from|from|
|administrative|administrative|84|84|84|84|
|expense|expense|fund|[fund]|
|As|As|at|at 31|[31]|December|December 2023|2023|291|291|303|303|0|594|594|
|Gift|Gift aid|aid recoverable|recoverable|6|6|91|91|155|155|252|252|
**----- End of picture text -----**
16 16
Water Water Lane Lane United United Reformed Reformed Church Church Charity Charity Charity Charity Number Number 1129836 1129836
Year Year ended ended 31 31 December December 2024 2024
> Recipients Recipients[of] of donations donations from from Water Water Lane Lane URC URC[during] during the the year year
|2023 Donations out
:
2023Donationsout||Charitable
Fundraising
Charitable
Fundraising|Commitment
for Life
Commitment
forLife|Communion
.
Communion|Total
Total|
|---|---|---|---|---|---|
|||Fund
Fund|Fund
Fund|Fund
Fund|2023
2023|
|||Ee|£|E
£|E
£|
|Herts& Essex AirAmbulance
Herts & Essex AirAmbulance||||66
66|66
66|
|MND Association
MND Association||200
200||150
150|350
350|
|The Bible Society
The Bible Society||||50
50|50
50|
|British Red Cross
British Red Cross||318
318||323
323|640
640|
|Cancer Research
Cancer Research||||36
36|36
36|
|Christian Aid
Christian Aid||211
211||49
49|259
259|
|Shelter
Shelter||||113
113|113
113|
|GroveCottage
Grove Cottage||||21
21|21
21|
|Mind
Mind||||51
51|51
51|
|Isabel Hospice
Isabel Hospice||657
657|||657
657|
|Holy Trinity Night Shelter
Holy Trinity Night Shelter||318
318|||318
318|
|Refugee Council
Refugee Council||||54
54|54
54|
|YMCA
YMCA||||46
46|46
46|
|URC Commitment for Life
URC Commitment for Life|||125
125||125
125|
|Total
Total||1,703
1,703|125
125|1 ,093
1,093|2,921
2,921|
|2024 Donationsout
2024 Donationsout||Charitable
Fundraising
Fiithalsing|Commitment
for Life
wala|Communion
Communion|Total
Total|
|||Fund
Fund|Fund
Fund|Fund
Fund|2024
2024|
|||£|£|£|£|
|Bible Society
Bible Society||-|-|35
35|35
35|
|British Red Cross
British Red Cross||-|-|81
81|81
81|
|Mind
Mind||-|-|40
40|40
40|
|Shelter
Shelter||163
163|-|125
125|288
288|
|Christian Aid
Christian Aid||-|-|88
88|88
88|
|Bishop's Stortford Food Bank
Bishop's Stortford Food Bank||384
384|-|-|384
384|
|Isabel Hospice
Isabel Hospice||-|-|59
59|59
59|
|Holy Trinity Night Shelter
Holy Trinity Night Shelter||384
384|-|60
60|444
444|
|Herts& Essex Air Ambulance
Herts & Essex AirAmbulance||-|-|71
71|71
71|
|MND Association
MND Association||133
133|-|120
120|252
252|
|GroveCottage
Grove Cottage||-|-|36
36|36
36|
|Refugee Council
Refugee Council||-|-|41
41|41
41|
|Guys Cancer Charity
Guys Cancer Charity||-|-|63
63|63
63|
|Rainbow Children's Trust
Rainbow Children’s Trust||-|-|53
53|53
53|
|Marie Curie
Marie Curie||-|-|56
56|56
56|
|Disaster Emergency Committee
Gaza
DisasterEmergency Committee
Gaza|-
-|60
60|_|.|60
60|
|URC Commitment for Life
URC Commitment for Life|||394
394|-|394
394|
|Total
Total||1,123
1,123|394
394|927
927|2,444
2,444|
17 17