2022-12-31-accounts

WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Registered Charity number 1130080 Pagel I

WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Index Page Report of the Trustees Statement of Financlal Artivities Balance Sheet Notes to the Financial Statements l. Accounting policies 2. Voluntary Income 3. Activlties for generatlng funds 4. Investment income 5. Income from Charitable activities 6. Costs of generating funds 7. URC Ministry and Mission Fund 8. Dlrect ministerial costs 9. Costs of church actlvltles 10. Donation5 made 11. Investments 12. Gross transfers between funds 13. Debtors 14. Bank and cash balances 15. Creditors- amounts fallin8 due within one year 16. Restrirted funds 17. Designated funds 18. Staff costs 19. Trustees 20. Pensions 21. Contingent liabilities 22. Post Balance Sheet events 23. Donations received 24. Maintenance and Major repairs 10-17 Independent Examinerfs Report to the Trustees Page12

WEST ORCHARD UNITED REFORMED CHURCH CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 ADMINISTRATIVE INFORMATION West Orchard United Refornied Church Charity is a local church of the United Reformed Church in Great Britain, and is a member church of West Midlands Synod of the Church. It was registered on 10 June 21Y)9 as Charlty Number 113Th)80. West Orchard United Refornied Church is situated at: Baginton Road Coventry, CV3 6FP Telephone [phone] Email: [e-mail] www.westorchard.urc.or Bankers: CAF Bank Limited. 25 Kings Hill Avenue, Kings Hill, West Mallin& Kent, ME19 4JQ The members of the Elders, Meetin8forthe time beingare recognised asthe charitytrustees. Those who served as Elders in the year ended 31 December 2022 were: Revd Yvonne Stone Miss Pauline Luckett Mrs Jenny Barnes Mrs Margaret Costlgan Mrs Mary Goodwin Mrs Sarah Jarrad Mrs Margaret O'Kane Mrs Susan Matthews Chair- resigned 30 November 2022 Church Secretary Chair- appointed December 2022 The Church buildlngs, manse and bungalow are vested in the United RefOn￿ed Church Iwest Midlands) Trust Limited as trustees and held for the benefit of West Orchard URC In accordance with the trusts applicable to URC properties. STRUCTURE, GOVERNANCE AND MANAGEMENT The activlties of West Orchard United Refornied Church are overseen by the Elders Meetin8 of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Refomied Church, and supplemented by the rules of West Orchard Church. The governing document of the registered chartty is a statement adopted by the Church Meetin8 on 29 March 2CKJ9. Page13

The Elders Meeting is responsible for the financial administration of the Church. and the care and maintenance of Church premises, manse and bungalow. The Church Meeting {of all members wishing to attend) gives general guidan￿ on the life and work of the Church. The members of the Elders, Meeting are the minister in pastoral charge together with up to 15 members of West Orchard URC. Elders are nominated and elerted by members of West Orchard URC in Church Meeting. Elders serve for two years, retire by rotation and are eligible for re-election for up to three terms of office {maximum 6 years). The Members of the Elders, Meeting are the trustees of the rew'stered charity durin8 their period of service as elders. In 2022 the Elders Meetlng met 12 times. It is assisted in the administration of the Church and its property by committees established for Management, Finance, Social and Re- development. OBJECTIVES AND ACTIVITIES As a local con8regatlon of the United Refomied Church. West Orchard URC Seeks to advance the Christian religion through its activities and the facilities offered to the community by its buildin& and its objective is described more specifically in its mission statement as "sharing God's love so that all may know Je5US". The Elders, Meetin8 Is aware of the Charlty Commission'5 guidance on public benefit in" the Advancement of Religlon for the Publlc Benefit. and has regard to it In the administration of the Church. The Elders. Meeting believes that the Church provides benefit to the public by: Provlding resources and facilities for public worshlp, pastoral care and spiritual, moral and intellertual development, both forthe con8re8ation and for anyone else who wlshes to benefit from what the Church offers: Promoting Christian values and service by members of the ton8regatlon to the community, forthe benefit of individuals and society as a whole. REVIEW OF AcfiviTIES AND ACHIEVEMENTS West Orchard URCIS a friendly informalchurch made up of peoplefrom differin8 backgrounds united by our faith in God and his Son, Jesus Christ. The original church was built in 1776 in Coventry clty centre but was destroyed in the blttz of 1940141. It was rebuilt on its present site in south Coventry in 1947. In recognition of the past, the stained-glass windows of the new church reflect many of the trades upon which Coventry built its reputation over the years. as well as acknowledging our own origins. In 2021 we entered into discussions to join together with our sister church War4vick Road URC and on 05 December 2021 our church meeting voted to accept the resolution to merge with Warwlck Road and create a new church. A new charity is in the process of being set up and the new church is called Ba8inton Road United Reformed Church. Baginton Road URC held Page14

our first service on 06 February 2022. Until the new CIO is in place we shall continue to prepare Financial Statements for each fornier church separately. During the last twelve months we have met for worship each Sunday. The morning services are family centred in their style of worship all ages are included. We have used a combination of modern songs andtraditional hymns led byoursinginggroup. Sunday evening services are usually more meditative, quiet and thoughtfvl. We have formed strong partnerships with other Christian Fellowships in the area especially the Belonging Church. Hope Springs and Quinton Park Baptists. We have tried various new fomis of wor5hip- café style worship and agenda-less worship. We have Advent and Eastercourses and several home groups who facilitate bible studies and discussions. Womens, prayer breakfast and mens, breakfast give more opportunity for reflections and fellowship. Our minister Revd Yvonne Stone retired on 30 November so our church is currently in vacancv. Our membership at 31 December 2022 was 71. We have a heart for outreach and In the year have set up a thriving Bounce and Play toddler group, continued with our Drench café afterschool club, call in for coffee mornings, Slng Your Heart out Group, Tea dances. craftgroup and adult keepfit class. We host a weekly lunch club for the elderly and in July had a Holiday from Home with three days of fun and artivtties for senior members of the community. Younger members were catered for by ourannual Holidayclubwhich met in July 2022 forthe first time since lockdown. We also held a Christmas Activity day in December. We contlnueto have 8ood relationships with local schools to support religious education. We also have busy ScoutSng and Guidlng groups who meet in the church centre. We celebrated the Queen's Platinum Jubilee with a party. held a Burns supper, games ni8hts, cream tea, charlty soup lunch for Christian Aid and Macmillan coffee morning. In December we had a Christmas Bazaar which raised funds for Church. Scouts and Guiding units. All church users are required to adhere to statutory child protection regulations and key voluntary helpers who care for children have been DBS checked. There is a deslgnated Child Protectlon Officer. During 2022 the members and friends of West Orchard raised £6.849 which has been passed on to 13 different charitable causes shown in note 10 of the report and accounts. The majority of the events and activities are organised and run by volunteers and rely on the efforts of a numberof willing people. The commitmentof these members and friends of West Orchard is a particular strength of our Church. These people work tirelessSy to promote Christian values and to minister to the community in order to benefit individuals and society as a whole. Page15

FINANCIAL REVIEW The Covid 19 pandemic has had a significant impact on the work of the charity since 2020 but we saw more of a return to nomial in 2022. In the yearended 31 December 2022the Charity had an overall deficit of £193,17412021 had a surplus of £34.6511. These figures are after accounting forthe movement in the unrealised gain on investment which was a loss of £l(K),746 in 2022 and a gain on £96.237 in 2021. The deficit for church operations before taking account of the movement in the value of the investment was a deficit of £92,428 in 2022 and a deficit of £61,586 in 2021. Income increased in the year but costs increased by more resulting in a higher deficit. The total reserves of the charity at 31 December 2022 were £9)9,16012020: £1.102,334}. Movements on the varlous funds making up the result forthe yearwere as follows: At 31 Dec 22 9.(M)2 889,450 At31 Dec 21 9,566 1.091.337 1,431 1,102,334 decrease) 1564) 1191.8871 {723) 1193,174) General Fund Designated Funds Restrlcted Funds Total ReseNes 909.160 General Fund Income to the General Fund was £93,424 whlch was £21,448 higher than in 20211£71,9761. This Increase was a result of an insurance claim for loss of earnings due to Covid, higher room bookin8 income, donations and fund raising offset by lower rental income as the bungalow was vacant for a few months. Expenditure was £115,888 which was £29,735 more than in 2021 (£86,153). This rise was due to hi8her staffing costs as we increased administration hours and then recrulted a caretaker towards the end of the year. Energy costs were si8nlficantly hi8her and general costs Increased due to the buildings belng open all year. The trustees approved a transfer of £40.IXK) from the Legacy Fund to the General Fund to coverthe deficit for the year and add to the general reserves. Designated Funds: There are seven Designated Funds (note 17 in the accounts) which had an overall decrease in the year of £191.88712021 had an increase in value of £48,116). The most significant change was a fall in the unrealised gain on investment of £100,746. l. Property Fund Movement-£10,213 £20.LMJO was transferred from the General Fund and £30,213 spent on general day to day maintenance of the church. halls and manse in the year. The balance on the fund stands at £13,187 at 31 Dec 2022. 2. Redevelopment Fund Movement-£2.389 New plans were drawn up regarding a possible redevelopment of the front are of the church and the cost of these was taken from this fund leaving a nil balance at 31 December 2022. Page 16

1. Youth Fund Movement-£159 Donations from coffee in church are set aside for young people's projects and outings. The balance on the fund at 31 December 2022 was £862.
2. Legacy Fund Movement-£40,995 This fund was set up in 2014 on the receipt of a legacy of £1.296.5CK). £292,650 was transferred to other Church funds in 2014 leaving a balance of I,(K13,850 to be spent on major projects as decided by church meetin8. In 2022 £40,IXK) was transferred to General reserves of the charity and £995 spent on plans for redeveloping the church. The balance at 31 December 2022 was £605,708.
3. Mlssion. Outreach and Worship Fund Movement-£37.167 This fund was created in Dec 2018 by transfer of £2￿),(x)0 from the Legacy Fund to cover the salary and general costs of a Mission Outreach and Worship leader for a fiveyear period. The balance on the fund at 31 December 2022 was £64.321.
4. Unrealised Gain on Investment Movement- £100.746 In 2016 £500,¢XIOwas invested in a CCLA Ethical Investmentfund. The investment was valued at £710,199 at 31 December 2022 giving an unrealised gain of £210,199 (valuation was £810,945 at 31 December 2021). The unrealised gain fell by £1￿,746 in the year. Any gain will only be realised on the sale of the investment.
5. Lunch Club Movement-£218 This fund records all receipts and costs of the Lunch club whlch serves a meal each week to senior members of the community. A donatlon to church funds of £1,9(KJ was made in the year. The balance on the fund was £5,173 at 31 December 2022. Restrlrted Funds In 2018 3 8rant of £l,IX)O was received from Good Neighbours Coventry to subsidise exercSse classes for the elderly. The £258 balance on this fund was used In the year. The balance of £708 in restricted funds relates to monies collected but not yet paid to other charitles at the yearend. Reserves Policv The aim of the Trustees is to achieve unrestricted 8eneral funds, which are the free reserves of the charity, at a level which will support the day to day runnin8 Costs of the church for a period of three months. At 31 December 2022 the unrestricted reserves were £908,452. This report was approved by the Elders, Meeting and is signed on its behalf by P Luckett as Church secretary. Page17

West Orchard United Refomied Church statemgnt of financial activites for the year ended 31 December 2022 UnreslTKted ftj General Designated 2022 2022 Restrii*e fvrK13 2022 Total fund5 2022 Total funds 2021 Note Incoming rn8our¢eo Incoming resources from genwatsd funds Voluntary Income Acts'vits'es for generating funds Investment income Income from charitable athvits'es Other Income - Job Retention Scheme 51.508 13,455 28.461 6,384 57.892 13,4S5 28,461 5,567 42,133 1,646 31,703 1,238 1.001 5,567 Total Incomlng rgsource8 93,424 5,567 6,384 105,375 77,721 Resour¢08 OXPond8d Costs of generating funds Charitable activities.. URC Ministry & Mission Fund Direct ministerial costs Costs of Church actiwb"e$ Donations made 3.024 6,928 1,759 41,484 3.704 64,119 3.557 41.484 3,885 135,100 10,406 39,504 5,227 86,627 6,190 181 70,723 258 6,849 10 Total ro•ourcM •xp•nded 115.888 74.808 7.107 197.803 139,307 Not Incomlng I loutgolngl re8ource8 boforn tran8fern (22.464) (69,241) 1723) (92,428) {81,5861 Unreal18￿ galn11088} on Inve•tm?nts 11 (1(￿,746) (1ty),746) 96,237 Gross tr4n•fern betw•en funds 12 21,900 {21,gKJ) Net movomont In funds 191.887 723 193.174 Recon¢lll8tlon of lunds Fund balances brought forward at 1 January Net movoment In funds 1,091.337 (564) 1191,8871 9.(K12 899,450 1.431 1.102,334 1,067,683 (7231 708 (193,1741 909, 160 34.651 1.102.334 Total funds carrfed fomavd Page 8

West Orchard United Refornied Church Balance sheet a8 at 31 December 2022 un￿81n"￿ell (￿er￿1 DeS￿nated 2022 2022 Reslride(I fvnds 2022 Totsl fuThJs 2022 To181 funds 2021 Flxed assets Tangible assets Investments 1c 11 710,199 710,199 810,945 710,199 710,199 810,945 Currnnt a$8ets Debtors Other debtors Bank and cash balan￿$ 13 932 5.675 12.054 932 5,675 202,013 754 7,080 288,443 14 189.251 708 18,661 189.251 208,620 296,277 Less curront Ilabllltles: Creditors - amounts falling due wthin one year 15 (9,6591 19,6591 {4,8881 Net curront 9.002 189,251 708 198,961 291,389 Tolal net 4880ts 9.002 899,450 909,160 1,102,334 Reprnsentod by . Charftablo fund8 Reslrl¢tod Funds 16 708 708 1,431 Unra8trlcted fund8 Designated General 17 899,450 899,450 9,002 1.091,337 9,566 9,002 Total funds 9.IXI2 899,450 909,160 1,102.334 Approved by the chU￿h AGM held on 19 Juty 2023 and swjned on its behalf by the Treasurer and Chair of the meeting Signed Costyan Treasurer M Ce>E Signed P knmberley Chair Page 9

West Orchard United Refornied Church Notss to the accounts for the year ended 31 Dec•m￿r 2022 Note Accounting policles Basis of accounting The financial statemenis have been drawn up in ac￿)rdanCe wth appI￿able accDunts"ng standards.The financial statements have been prepared in accordance ¥￿th the Statement of Recommended Practice.. ounling and ReF￿'ng by Charities ISORP 20051 issued by the Charty Commission in March 2005, and the United Reformed Church guidance. The accruals basis of accounbng has been adopted and the principal accounts.ng policies set oul below are applied consistenty. la 1b Fund ac¢ountlng Unfestslcted funds are available for use at the discreton of the Church in furtherance of rts charitsble objectives. De•ignted funds derive from a dea'sv)n by the Church to alkth part of our general fund monles into funds for a Specif￿ purwse. The deuSKJn to ￿ale a desb3nated fund can be reversed at any time, wi(h the return of some or all of the balancelsl lo general lunds. Re8trlcted funds are subje¢ted to restrbctions on their expendthjre imkTh8d by the donor, or contained in the terms of a grant. These monies are not at the disFM)sal of the Churth Meeting. 1¢ Tanglble flx•d au•ts Freehold property: The Church, manse and bungalow {currenty tenanted) buildings are vested in the United RefoThed Church (Wesl MKllands) Trust Limited and fom no part of the assets of the Church. West Orchard is however responsible for maintenance and upkeep, and writes off all such expendrture in the year rt is Incurred. Revenue can be eamed and retsined by West Orchard from these assets. Equlpment: All equipment purtha8es are written off in the year of purchase. 1d Incomlng re•ources I voluntary giving is inciuded in the final￿￿11 statements for the pen'od in which it is received. Donati)ns under gift aid plus the assOC￿ted tax recovery are reccgnised as income when the donab'on is received. Legacies are accounted for when their receipt is certain and can te propety quantified. All other income is generally recognised when it is rece￿ab￿. le Resou￿0* •xp8ndod ReSOurG￿ expended are reCC¥3nis￿ In the period to which they are incurred and include attributsble VAT which cannot be recovered. They are allcKated to the paitular activty to which they relate. Govemance costs represent direct expendIlu￿ ￿ the govemance of the Church, induding the production and independent scrub'ny of these financial sLqtements. As most of the govemance, management and activities of the Church are carried out by volunteers. this intangible cost is not included in the financial Statements as this voluntary contribution to the lrfe of the church is Ir￿kulabIe. 1f Taxatlon As part of the Unrted Refomied Churth. the chu￿ is an excepted charity wthin the meaning of the Taxes Acts. Accordingty rt is p)tentially exempt from taXat￿n in resFe¢l of income and capital gains received to the extent that such income or gains are applEd to exdusNety chanlable purposes. No provision for tsxation has been made in these ffinanckql ststements. lg Investments Investments are stated at th￿[ market value as determined by our Investment advisors. Any revaluation gain or loss is taken to the Statement of Financial A￿￿1￿. Unrealk8ed gains are held in a revaluation reseNe untr"I the gain is realised. P4e 10

West Orchard United Refomied Church Notfrs to the accounts for the year endod 31 De¢¢mb¢r 2022 Un Genetsl Designated 2022 2022 Total fvnds 2022 Total funds 2021 2022 Note Voluntsry Incomfr Envelope$ and standiThJ orders Cash Special collections Tax refltnds under grft aid Donations received Insurance daim Legacies Voluntary Income 25,742 3.487 25,742 3.487 5.244 8,559 26,573 735 3,6C6 7,616 603 5,244 1,140 7,419 23 9,416 9,416 3,000 42,133 51,508 57,892 Actlvftlgs for gM•rallng funds Use of rooms Chuich fund raising events Fairtrade sales Other income Actwth8s for generaling funds 9,737 3,294 424 9.737 3.294 424 1,261 385 13,455 13.455 1,646 Inv08tmont Income Bank Interest CCLA Investment In(x)me Property rental Investment income 903 22.311 5.247 28.461 903 22,311 5,247 28,461 1,831 21,870 8,202 31,703 Incomo from charltablo actlvllle• Church events Exercise dasses Lunch Club Income Income from charilable acbvitses 802 802 4.765 5,567 4.785 5,567 1,182 1,238 Costs of generntlng funds Church events fund raising Bungalow insurance Bungalow maintenance FairTrade purchases 2,194 264 2,194 264 3.904 238 1,110 411 3.904 Costs of generats'ng fijnds 3,024 3.904 6,928 1,759 URC Mlnlstry & mY￿10n Fund The church conlributes to the centsl URC Costs of training and providing ministers {including the centralised payment of st"pends. pension conributKJns and other benefits for mintstersl, njnning the denomination, and the wder missw of national church. This annual budget amounts to some £22 million. 83% of whth ￿lateS to MIn￿ty costs. and 93% is pn)VKled through the Ministry & Mission contributions from churches. Page11

West Orchard United Refornied Church Notes to the accounts for the year ended 31 December 2022 Unrestnde(I fu Restricted funds 2022 Total furwJ8 2022 Total funds 2021 Note 2022 Dlrect mlnhtortal costs Ministevs fixed car allo%ran¢e Ministe¢s travel costs Minister's telephone Ministorfs books and training Manse Water Manse council tax Manse maintenance Direct ministerial costs Costs of Church actlvltle8 819 157 819 157 820 493 621 100 191 1,793 100 191 1,793 181 298 1.732 1,263 181 Worshlp. pral•• and tsachlng Pulpit supply Music Worship costs ind fltr•Ms Junior Church Children Actmty Days Cards & communicatson Church events Subscripbon Children & Family Work 1,120 1,744 1.276 1,120 1,744 1,276 30 110 1,318 833 1,561 3,274 527 1.561 3.274 527 37,167 47,660 1,135 3,246 115 32,704 39,461 37.167 38.128 9.532 Other progrnmmo8 Training Legacy expenditure Lunch Club Costs Exercise class costs Other costs 3.083 3,083 258 131 1,161 258 131 131 102 1,263 3,083 258 Church propBrty co•ts Oirect cleaning costs Olher cleaning and grounds cost Electruty Gas Water rates Insurance Maintenance 8,719 1.819 8,719 1,819 306 11,486 1,828 5,694 29,512 59.364 9,192 902 1,393 5,573 434 5,703 13,121 36,318 11.486 1.828 5.694 24 29.512 29,512 29,852 Admlnlstrnllon Staff Costs Photocopy I print ¢osts Paper & Ssationery Rent of phOtocop￿r Church telephone Legal & Professional fees Administration 18.207 876 1.226 439 1.730 2,126 24,604 18,207 876 1.226 439 1.730 2,126 24,604 6,082 835 1,006 289 1,373 9.585 Costs of Church athltle8 ,100 Page 12

West Orchard Unlted Refornied Church Notes to the accounts for tho year ended 31 December 2022 Total ftjnds 2021 Note General Dewgnated 2022 Jnds funds 10 Donatlon• mado Carriers of Hope Christian M"d Coffee Tots Commitment for life Coventy City Mission Coventy Fc4Jd Bank Coventy & Nuneaton methodist thurch Coventy Refugee & Migrent Centre Coventy Youth for Christ DEC Ukrain Appeal Foleshill URC Guides I brownies Hardship fund Macmillan Cancer SupFX)rt Myton Hospice Pancreatic Cancer Royal Brity'sh Legion Salvatson A￿Y Scouts St Andrews House St Francis Employ Support Teenage Cancer Ta￿t URC silence Zoe's Place Trust 350 350 346 900 1.268 514 156 346 400 1,268 347 156 523 1,241 1,000 100 75 167 308 308 300 1,706 300 1.706 500 400 20 1.522 387 214 95 350 400 350 308 20 1,522 37 214 95 842 350 500 4CNJ 350 144 20 379 20 20 492 142 DonatK*n$ made 3.557 6,190 Page 13

West Orchard United Refornied Church Notss to th¢ accounts for the year endfjd 31 Do¢ember 2022 Un[estrw￿ funds tksignated 2022 Restrtded fund$ 2022 Total funds 21Y22 Total funds 2021 2022 Note Investments Market Value at 31 December 2021 Additions in year at cost Net gain l (loss) on revaluat Market Value at 31 December 2022 810.945 810.945 714,708 100,746 710.199 100,746 710,199 96,237 810,945 £500,000 was invested in 259,121.06 units in COIF Charity EthKal InveStM￿t Fund with CCLA in 2015. The market Value of the investment at 31 December 2022 was £710.199 12 Gross tran8f8rn botWOon lund• Legacy Property Fund Lunch Club Exercise class 40.000 120.OC(J) 1.9CKJ 140.0001 20.CNJO 11,9001 21.9 21.900 13 Dobtor8 Tax recoverable under grft aKI Debtors 932 932 932 932 754 754 14 Bank and ¢a$h balanc•• CAF Bank Current Ajc CAF Bank Gold Alc Shawbrook Bank Bank and cash balances 2.013 10.041 2.013 20,000 180.000 202.013 3,443 lo,C￿0 275 000 288 443 9,251 180.000 189.251 12.054 708 15 Credltorn - amounts falling due wlthln on• y•4r Utilities 9,659 9,659 4,888 16 Restrfctod Fund8 1.431 6,384 1.431 6,384 719 4,507 Voluntary Income Income from charitable activFlies Donations made Legacy expenditure Transfer to General fund {6,8491 {6,8491 13.795) 1258 708 258 708 1,431 The Church operates four restricted fijnds. Each financial year appeals are made for a variety of causes or organisations of a Charrtable nature. Payments from this fund match the sums received ursder the appeals. However, as some appeals ¢ross the year end, and there are usualty a number of collecbons over Christmas there are nofm8lly balances at the end of any finanual year. Balance at 31 Dec 22 was U46 A £500 donats'on receNed in 2017 SFofEd rt be used for dementia projects. Balance at 31 Dec 22 was £462 P￿e 14

West Orchard United Rofomied Church Nots¥ to th• aeetyjnts for the yearended 31 December 2022 I ranslers Itol Bal9n￿ at 31 D￿rntser 2022 Be￿ 8t 01 Jawry R￿pts ￿ paYn￿ts in 2022 Ihe Year the Year Unrealised Gain on Im185trnent Ger￿rnI Fund 17 Deswated Funds Property FuThJ Youth Fund Redevelopment FurKI Legacy Unrealised Gain on Investnwl Lunch Club Mi&8Son, Oulroth. Worship fund (Xl.213) 1961) (2,389) 1995) 13,187 862 1,021 2.389 646,703 310,945 5,391 101,488 {40,(NJOI 605,708 210,199 5,173 84,321 110),746) 4.765 (3.083) 137,16n 11,900) Total 1,091.337 5.567 74,808 100.7461 21,900 899,450 The C1￿1¢h operalos seven d8signaled fijnds V•ith tho approv4 of Churth Megling. The proporty lund maintsins 811 Church propety and meets prcyety reL91ed running thst5. By d8cision of 8 prevtgus AGM. 811 historical balances plu3 the annually agreed transléf from general lund, and any designated donati¢n$, artr available to the Chufch's Managemeth Commltt¢ to meet the objectives of the fund. This approach allows th& Comm￿￿e to operate wth ConshIerab￿ freedom of budget tjovdub'on froffl Church Meetin9, while permrtb'ng Ihe (xxnmrtle¢ lo Flan oper8b.ons on a knger temi basis. The Ytxth Fund receives donat￿n3 fnyn th& curth speoficalty fry profr8ds for young pecyle. also a¢￿unIS for the receipts arHS pèymerts asxKi8ted wrth the children's aclivity days and summer holiday club arKI retaIr￿ any Su￿U$ m•Jg. Th• Church R￿j￿•10pm•nt Fund holds Ihe ba18n¢o of dwatkn$ made and fund8 r818ed for the Church Rgdevelopment Projec less any mon$ exp8nd8d on wi¥ecl. The Legacy Fund was created in 2014 the recapt of a lega￿ of £1,296,500 from 8 Church nK8mbor Church Meeting agreed lo $¢1 aside 10% of the legacy in the Walter Hope Fund lo be di$tn'buted lo good cause8 Fund$ worg 811 distribut8d by Oec 2017 and the W8ller How Funtj was cbs•d. Church Meeting agreed that 10% of Investment income ea( ye81 be don8ted to than1￿, as Teccommended by Eklers. Invèstment in ChLwch bLMldings has ftjrthor rthc4d thè lund and the balar￿8 has been invested lo provldo an Incm str￿rn for the thurth. R•v•ul•don rv88pn. Unrealised wns on Invests￿ hald in a RevaluatKJn Reser¥e acco￿ and wll onty be realised on the 8•10 of th• in¥eslm¥nl Lunch Club prowdes a cg)ur3e lunch each week for senior members of the congregth'on and the community. A don81￿)n 1$ mode to the church and the balarKe of lund8 are hekl in thtr D84ngt¢d Fund. Ml88lon. Wor8hlp and Outrea¢h Fund was creatad in 2018 aftw Ch¥Jrch Meeting approvèd re¢ruitmont of Mission. Out￿a¢h and Worship Lead8f and £2(KI.CO) was set a5Kle from the Legacy lo fund $818ry and project t¥)sts for fivo year peiicJ. Page 15

West Orchard United Refornied Church Notss to the accounts for the year endtd 31 December 2022 2022 2021 Note 18 Staff costs and tru$tW8 Oxpensos Salary costs 52,057 38.404 At 31 st December 2022 the Charity has 4 empbyees No employees had emoluments in excess of £60,C Employeè numb8rs Average number of employees (based on 37 hour we8kl 19 Tru8to0• The Church is a registered as a chanty with thè cha￿ CommissK)n and the serying Elders of the Church with the Minister are the registered Trustees. No sums We￿ reimbursed to the trustees for th￿r work as trustees b) The minister, who is a trustee, lives rent free in a house 'owned' by the Church, although vested in the United Refom)ed Church Iwest Midlands) Trust Limrted The Church maintairss the propety. and pays counrjl tax on the property in line with URC policy. The Church 81s0 pays the minister a fixed car allowan¢e and travel expenses in line wth URC Folicy, pays for the telephone in the manse allocated to Church busness, and pays a l%)ok alkMan(x also water rates. While travel and other expenses may be pahJ to trustees relabj trj vanous needs of tho Church, none of these payments rdale to their duties as irustees. 20 Pon•lon• The minister is employed by the Natbonal Church and pension contnbubons and arrangements are dealt wlh through that arrangement. The Church OFwates a workp￿6 pensK>n scheme wth NEST which has 2 membe 21 Contlngont Ilablllty There are no matsrial conts"ngenl 1hqbi1it￿. 22 Pogt-balanc• shoot wents At Church meeting on 05 December 2021 rt was agreed that West Orchard URC would unite with Warwick Road URC. The new Church will be known as Baginton Road URC and a new CIO will be set up in 2023 and the asset of Char￿eS transferred to the new Chanty Page 16

West Orchard United Refomied Church Notgs to the accounts for the year endod 31 December 2022 Restricted lunds 2022 Total fijnds 2022 Totsl funds 2021 2022 2022 Note 23 Don•tlons recelved (detailod anatysi# of part of nots 21 Scout group 1,680 Guides 320 Jam 42 Funerals I Weddir 910 Flowers 335 Tea Dance 705 Church Away Day Other Donatsons 1,680 320 42 910 335 705 245 140 213 1,452 1,452 5.444 603 24 Malntsnance and m•Jor rnp•lr81Item• > £1.000) Refurbish Office BRURC Sign4e Smal Hall decoralion Electric Heaters Church roof repair Garden Care Water healer repair and replxe Redevelopment plans Other Repairs and Equipment 4.775 3,525 4.775 3,525 1,000 5,950 2.400 3.327 1,462 3,384 8,971 3,327 1,462 8,971 4,771 Totsl Proporty Malnt•n•n¢• 29 512 13.121 Page 17

West Orchard United Refornied Church Notes to the accounts for Ihe year ended 31 December 2022 Independent examinerfs report I report on the financial statements of 1st Orchard URC for the year ended 31 December 2022. which are set out on pages 10 to 19. Respectlve regponslbllltles The Church is ￿ponSIble for the prepara￿n of the finarKaal ststements, and cM)nsiders that the audit requirement of Section 43{21 of the Charrties Act 1993 (the Adl does not appty. It is my responsi￿.1￿ to state, on the basis of procedures specified in the general directions given ty the Charlty Commissioners under Section 43171{bl of the Ac( whether partscular matters have come to my attentson. B•81• of Indepondent Examinge$ r•port My examinab'on was carried out in xcordance with the gerwal directions of the Charity Commissioners. An examination includes a review of the accounb'ng rwds kept by the Church and a comparison of the accounts presented with those records 1181$0 includes consideratK>n of any unusual items or disclosurès in the financial statements, and seeking explanat￿nS conceming any such matters. The prccedures undertaken do not provide all the evthn¢e that would be required in an audiL and consequenlty I do not expres$ an audit opin￿n on the viffw gwen by the finanual statements. Indopondent ExamlMrf8 Statement In connection wrth my examinabon of the Church funds. nothing came to my attenb'on which gave me cause to believe olheNise than that the financial stslements accord wrth the accounting records of the Church, and that those records sab"sfied the requirements of the A¢t.l am not aware of any matter to whrh attenb'on should be drawn in order to enab￿ a proper understanding of the finanoal ststements to be reached. Signed by Ihe Independent Examiner. Dated.. Diana Grain clo RLsgby United Refonned Church 40 Hillmorton Road Rugby CV22 SAD Page 18