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← West Orchard United Reformed Church Charity

2023-12-31-accounts

WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Registered Charity number 1130080 Page | I

WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Index Page Report of the Trustees Statement of Financial Artivities Balance Sheet Notes to the Financial statements l. Accounting policies 2. Voluntary Income 3. Activities for generating funds 4. Investment income 5. Income from Charitable activities 6. Costs of generatin8 funds 7. URC Ministry and Mission Fund 8. Direct ministerial costs 9. Costs of church activities 10. Donations made 11. Investments 12. Gross transfers between funds 13. Debtors 14. Bank and cash balances 15. Creditors- amounts falling due within one year 16. Restricted 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 18 Page12

WEST ORCHARD UNITED REFORMED CHURCH CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 ADMINISTRATIVE INFORMATION West Orchard United Reformed 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 2009 as Charity Number 113LKJ80. West Orchard United Reformed Church is Situated at: Baginton Road Coventry, CV3 6FP Telephone 024 76 419927 Email: westorchard@yahoo.co.uk www.westorchard.urc.or .uk Bankers: CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill. West Mallin& Kent, ME19 4JQ The members of the Elders, Meetingforthe tlme being are recognised asthe charitytrustees. Those who served as Elders in the yearended 31 December 2023 were: Miss Pauline Luckett Mrs Jenny Barnes Mrs Margaret Costigan Mrs Mary Goodwin Mrs Sarah Jarrad Mrs Margaret O'Kane Mrs Susan Matthews Church Secretary Resi8ned July 2023 Chair The Church buildings, manse and bungalow are vested in the United Reformed 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 activities of West Orchard United Reformed Church are overseen by the Elders Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church. and supplemented by the rules of West Orchard Church. The governing document of the registered charity is a statement adopted by the Church Meeting on 29 March 2(Y)9. 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 lof all mernbers wishingto 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 registered charity during their period of service as elders. In 2023 the Elders Meeting met 12 times. It is assisted in the administration of the Church and its property by committees established for Management, Finance, Personnel, Social and Administration OBJEcfivES AND ACTIVITIES As a local congregation of the United Reformed Church, West Orchard URC seeks to advance the Christian religion through its activities and the facilities offered to the community by its building, and its objective is described more specifically in its mission statement as "sharing God's love so that all may know Jesus" The Elders, Meeting is aware of the Charity Commission's guidance on public benefit in" the Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church. The Elders, Meetin8 believes that the Church provides benefit to the public by: Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both forthe congregation and for anyone else who wishes to benefit from what the Church offers,. Promoting Christian values and service by members of the congregation to the community, forthe benefit of individuals and society as a whole. REVIEW OF AcfiviTIES AND ACHIEVEMENTS West Orchard URC isafriendly informal church made up of people from differing backgrounds united by our faith in God and his Son, Jesus Christ. The original church was built in 1776 in Coventry city centre but was destroyed in the blitz 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 overthe years, as well as acknowledglng our own origins. In 2021 we entered into discussions to join togetherwith oursi5terchurch Warwick Road URC and on 05 December 2021 our church meeting voted to accept the resolution to merge with Warwick Road and create a new church. A new charity is in the process of being set up and Page14

the new church is called Baginton Road United Reformed Church. Baginton Road URC held our first service on 06 February 2022. Until the new CIO is in place we shall continue to prepare Financial Statements for each former 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 by oursinginggroup. Sundayevening se￿iceS are usually more meditative, quiet and thoughtful. We have formed strong partnerships with other Christian Fellowship5 in the area especially the Belonging Church, Hope Springs and Quinton Park Baptists. We have tried various new forms of worship- 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 2022 $0 our church is currently in vacancy. Our membership at 31 December 2023 was 71. We have a heart for outreach and in the year have been pleased to see expansion in our Bounce and Play toddler group, call in for coffee mornings. sing Your Heart out Group, Tea dances, craft group and adult keep fit class. We host a weekly lunch club for the elderly and in July had a Holiday from Home with three days of fun and activities for senior members of the community. Younger members enjoyed a Christmas activity day includlng a visit from alpacas. We continue to have good relationships with l¢xal schools to support religious education. We also have busy Scouting and Guiding groups who meet in the church centre. We celebrated the Klng's coronation with a party, held a Burns supper, games nights, musical concerts, cream tea, charity soup lunch for Christian Aid and Macmillan coffee mornin8. In December we had a Christmas Bazaar which raised funds for our Church and Scout unit. We also hosted a Knitted bible exhibition which raised funds to replace parts in the community defibrillator. 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 designated Child Protection Officer. During 2023 the members and friends of West Orchard raised £5,002 which has been passed on to 12 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 commitment ofthese members and friends of West Orchard is a particular strength of our Church. These people work tirelessly to promote Christian values and to minister to the community in order to benefit individuals and society as a whole. Page 15

FINANCIAL REVIEW In the year ended 31 December 2023 the Charity had an overall deficit of £64,285 (2022 had a deficit of £193,174). These figures are after accounting forthe movement in the unrealised gain on investment which was a gain of £69.755 in 2023 and a loss of £100,746 in 2022. The doficit for church ODerations before taking account of the movement in the value of the investment was a deficitof £134,040 in 2023 and a deficit of 92,428 in 2022. Income increased in the year but costs increased by more resulting in this higher deficit. The total reserves of the charity at 31 December 2023 were £844.875 12022.. £909,1601. Movements on the various funds making up the result for the year were as follows- Incre05e/ (decreosej 852 168,5861 3,449 164.2851 At 31 Dec 23 9,854 830,864 4,147 844,875 At 31 Dec 22 9,002 889,450 708 909,160 General Fund Designated Funds Restritted Funds Total Reserves General Fund Income to the General Fund was £90,045 which was £3,379 lower than in 20221£93,424}. 2022 had included an insurance clalm for loss of earnings due to Covid of £9,416 so 2023 income fell as there was no insurance claim in this year. Excluding this, other income rose by £6,037 in the year due to higher room bookings. property rental and pulpit supply reclaim from synod, offset against lower free will giving. donations and fund raising. Expenditure was £120.943 which was £5,055 more than in 2022 {£115.8881. This rise was due to higher energy costs and staffing costs which included the cost of the caretaker recruited in Nov 22 forthe whole of 2023. Ministerial and manse costs stopped in 2023 duetothe vacancy and we were able to reclaim council tax as the manse was unoccupied. The trustees approved a transfer of £50,C￿0 from the Legacy Fund to the General Fund to coverthe deficit for the year and add to the 8eneral reserves. Designated Funds: There are six Designated Funds (note 17 in the accounts) which had an overall decrease in the year of £68,586 12021 had a decrease of £191.8771. The most significant change was a swing in the unrealised gain on investment. This has had an increase of £69.755 in 2023 against a reduction in valuation of £100.746 in 2022. l. Property Fund Movement +£7,539 £20.CKJOwas transferred from the General Fund and an energy efficiency grantfrom Synod of £24,343 was received againstthe cost of new boilers. £55,562 was transferred from the legacy fund to cover the net cost of boilers and new roof on the bungalow. Main expenditure was £70.625 on boilers, £9,280 on new bungalow roof and £5,585 on new circuit board and emergency lights. Other repairs were £7,766 in the year. The balance on the fund stands at £20.726 at 31 Dec 2023. Page 16

  1. Youth Fund Movement-£89 Donations from coffee in church are set aside for young people's projects. activity days and outings. The balance on the fund at 31 December 2023 was £773.
  2. Legacy Fund Movement-£105,562 This fund was set up in 2014 on the receipt of a legacy of £1,296,51J). £292,650 was tran5ferredto other Church funds in 2014 leavinga balance of l.QM)3.850to be spent on major projects as decided by church meeting. In 2023 £50,000 was transferred to General reserves of the charity and £55,562 transferred to the property fund. The balance at 31 December 2023 was £500,146.
  3. Mlssion, Outreach and Worship Fund Movement-£39,325 This fund was created in Dec 2018 by transfer of £200,000 from the Legacy Fund to cover the salary and general costs of a Mission Outreach and Worship leaderfor a five year period. The balance on the fund at 31 December 2023 was £24.996.
  4. Unrealised Gain on Investment Movement £69,755 In 2016 £500.000 was invested in a CCLA Ethical Investment fund. The investment was valued at £779,954 at 31 December 2023 giving an unrealised gain of £279,954 {valuation was £710,199 at 31 December 20221. The unrealised gain rose by £69,755 in the year. Any gain will only be realised on the sale of the investment.
  5. Lunch Club Movement -£904 This fund records all receipts and costs of the Lunch club which serves a meal each week to senior members of the community. A donation to church funds of £1,750 was made in the year. The balance on the fund was £4,269 at 31 December 2023. Restricted Funds The balance of £1,490 in restricted funds relates to monies collected but not yet paid to other charities at the year end. The manse was vacated in Dec 22 and temporarily rented from May
  6. A restricted fund was set up to hold the rental income less all costs related to the manse. The balance at 31 December 2023 was £2,667. Total restricted funds at 31 December 2023 were £4.157. Reserves Policy 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 running costs of the church for a period of three months. At 31 December 2023 the unrestricted reserves were £840,718. This report was approved by the Elders, Meeting and is signed on its behalf by P Luckett as Church secretary. Page17

West Orchard United Refonned Church Ststsment of financial activltss for tho ygar 6ndod 31 Dgwnber 2023 Unrestricted funds General Designated 2023 2023 Restricted funds 2023 Total funds 2023 Totsl fvnds 2022 Note Incomlng re80Ufce8 Incoming resources from generated funds Voluntary Income Activities for generating funds Investment income Income from charitable activrties Other Income 36,643 18.514 32.328 5,784 42,427 18,514 41,569 4,649 26,903 57,892 13,455 28,461 5,567 9,241 4,649 24,343 2,560 Total incoming resourc88 90,045 28,992 15,025 134,062 105,375 Resourcgg expgnded Costs of generating funds Charitable activities.. URC Ministry & Mission Fund Direct ministerial costs Costs of Church activities Donations made 1.817 418 2,235 6.928 39,256 {8421 78,370 2,342 39,256 12,1501 221.417 7.344 41,484 3,885 135,100 10,406 {1,3081 136,473 6,574 5,002 10 Totsl rosources gxpended 120,943 135,583 11,576 268,102 197,803 Net incoming I (outgoing) resources before transf6Ys {30,8981 {106,591} 3,449 1134,040} 192,4281 Unrgalised galn Ilossl on Investmonts 11 12 69,755 69,755 1100,7461 Gross tran8fvr8 botweon fvnds 31,750 {31,750) Not movemgnt in funds 852 68,586 3,449 64,285 193,174 Reconclllatlon of funds Fund balances brought forward at 1 January Net movement In fund$ Total funds carried forward 708 909,160 {64,2851 844.875 1.102,334 1193,1741 909, 160 9,002 852 899,450 168,586} 830.864 3,449 4.157 9.854 Page 8

West Orchard United Refomied Church Balancg sheot as at 31 December 2023 Unrestricted funds General Designated 2023 2023 Restn"cted nds 2023 Total funds 2023 Totsl funds 2022 Note Fixod assots Tangible assets Investments 1c 779,954 779,954 710.199 779,954 779,954 710,199 Current assgts 688 42,146 66,527 932 5,675 202,013 Debtors Other debtors 8ank and cash balances 13 688 42,146 11.460 14 50,910 4,157 54.294 50,910 4,157 109,361 208,620 Less current liabilltles: Creditors - amounts falling due wrthin one year Net current assets 15 144,440} 9,854 144,440) 64,921 {9,659) 198,961 50,910 4,157 Total nat assets 9,854 830,864 4,157 844,875 909.160 Represèntod by . Charftsble fund8 4,157 708 Rostrlcted Funds 16 4.157 Unrgstrfctgd funds Designated General 17 830,864 830,864 9,854 899.450 9,002 9.854 Totsl fundo 9,854 830,864 4,157 844,875 909,160 Approved by the Chur¢h AGM heid on 17 July 2024 and signed on ils behalf by the Treasurer and Chair of the meeting Signed Signed Treasurer Chair Page 9

West Orchard United Refomied Church Notes to tho accounts for the year ended 31 Docgmbor 2023 Note Accounllng pollci06 Basis of accountlng The financial slalements have been drawn up in accordance wtth applicable accounting slandards.The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities ISORP 20051 issued by the Charity Commission in March 2005, and the Unrted Refomied Church guidance. The accruals basis of accounting has been adopted and the principal accounting policies set out below are applied Gooststenlty. la 1b Fund a¢counting Unrestrictod funds are available for use al the discfetion of the Church in furtherance of its charitable objectives. Dosignated funds derive from a decision by the Church to allocate part of our general fund monies into funds for a specific purpose. The decision to create a designated fvnd can be reversed at any lime, wrth the return of some or all of the batancelsl to general funds. Restricted funds are subjected to restrictions on Iheif expenditure imposed by the donor. or contained in the lemis of a grant. These monies are not at the disposal of the Church Meeting. Tanglblg flxed a8sgts Freehold propeity: The Church. manse and bungalow (currently lenantedl buildings are vested in the Unrted Reformed Church Iwest MKllandsl Trust Limited and fomi no part of the assets of the Church. West Orchard is however responsible for maintenance and upkeep. and writes off all such expenditure in the year il is incurred. Revenue can be earned and retained by West Orchard these assets. Equipmont: All equipment purchases are written off in the year of purchase. 1d InGoming resources All voluntary giving is included in the financial stalemenls for the period in whith il is receNed. Donations under gift aid plus the associated tsx recovery are recognised as income when the donation is received. Legacies are a¢counled for when their re￿Ipt is certain and can be prOpe￿Y quantified. All other income is generally recc*Jnised when it is receivable. Resources oxpgnded Resources expended are recognised in the period to Wh￿ they are incurred and include allributable VAT which Gannol be recovered. They are allocated to the particular activity to which they relate. Governance costs represent direct expenditure on the governance of the Church, including the product￿1n and independent scrutiny of these financial stslements. 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 voluntsry contribution lo the life of the chureh is incalculable. le 1f Taxation A5 part of the Un>tsd Refomied Church, the Church is an excepted chanty within the meaning of the Taxes A¢ts. Accordingty it is potentially exefflpt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively chartsble purposes. No provision for taxation has been made in these financial statements. lg Investments Investments are stated at their market value as detemiined by our Invesbnenl advisors. Any revaluation gain or loss is taken to the Statement of Financial Activities. Unrealised gains are held in a revaluation reserve until the gain is realised. Page 10

West Orchard United Refornied Church Notes to the accounts for tho year ondgd 31 DBcembgr 2023 unresth.cted fvnds General Design8ted 2023 2023 Restrict Total funds 2023 Totsl fijnds 2022 2023 Note Note Voluntary Income Envelope5 and standing orders Cash Special collections Tax refunds under gift aid Donations received Insurance claim Volunlary In¢ome 22,533 3,596 22,533 3.596 4,780 7,811 3.707 25,742 3,487 5,244 8,559 5.444 9,416 57,892 4,780 6,807 3,707 23 36,643 5,784 42,427 Activitios for generating funds Use of rooms chU￿h fund faising events Fairtrade sales Other income Activities for generating funds 16,270 1,310 16,270 1,310 9,737 3,294 424 934 18,514 934 18,514 13,455 Investment InGomg Bank Interest CCLA Investment Inwme Property rental Investment income 1.618 22,310 8,400 32,328 1,618 22,310 17,641 41,569 903 22,311 5,247 28.461 9,241 9,241 Incomo from charitablg activities Chur¢h events Exercise classes Lunch Club Income Income from charitable activities 317 802 317 4,332 4,649 4,332 4,649 4,765 5,567 Costs of generating funds Church events fund raising Bungalow insurance Bungalow maintenance FairTrade purchases 1,525 292 1,525 292 418 2,194 264 3,904 418 Costs of generating funds 1,817 418 2.235 6,928 URC Mlnistry & Mlssion Fund The church contllbules lo the central URC costs of training and providing ministers {induding the cenlr81ised payrnent of stipends, pension conributions and other benefits for minislersl, running the denomination, and the wider mission of the national church. This annual budget amounts lo some £22 million, 83% of which Telates to ministry Costs. and 93% is provided through the Ministry & Mission contributions from churches. Page11

West Orchard Unlted Refomied Church Notes to the aceounts for th& year endgd 31 Decomber 2023 Unrestn'cted funds Gener81 Designated 2023 2023 Restricted funds 2023 Total funds 2023 Tol81 funds 2022 Note Note Dirg¢t ministsrial costs Mini5tels fixed car allowance Ministerfs travel costs Mini%lerfs telephone Minislerfs books and training Manse Water Manse council tax Manse maintenan Direct ministerial costs Costs of Church activitles Worship. prnise and teaching Pulpit supply Music Worship costs incl flowers Junior Church Children Adivty Days Cards & communication Church events Subscription Children & Famity Work 819 157 644 100 191 1,793 181 3,885 11481 (6941 {1481 1694) 1,308 2,150 1.308 1,308 2,280 2,280 1,546 1,090 62 406 1,022 1,977 489 39,325 48.197 1,120 1,744 1,276 30 1,090 406 1,022 1,977 489 1,561 3,274 527 37.167 47.660 39,325 39,731 8,466 othgr programmos TTaining Lunch Club costs Exercise class costs Other costs 3,486 3,486 3,083 258 131 3.472 124 124 124 3.610 3,486 Church property costs Direct cleaning costs other cleaning costs Electricity Gas Water rates Insurance Maintenance 8,719 1,819 306 11,486 1,828 5,694 29,512 59,364 2,834 2,561 18,391 1,486 6,160 2,834 2,561 18,391 1,486 6,160 99,830 131,262 24 93.256 93,256 6,574 6.574 31,432 Admlnlstratlon Stsff Costs Photocopy I print costs Paper & Stationery Rent of photocopier Church telephone & WiFi Legal & Piofessional fees Administration 34.038 490 902 439 1,761 718 38,348 34,038 490 902 439 1,761 718 38,348 18,207 876 1,226 439 1,730 2,126 24,604 Costs of Church activities ,47 6,574 21.4 35,1 Page 12

West Orchard United Refornled Church Notes to the accounts for the year ended 31 December 2023 unrestn.cted fvnds Generdl Designated 2023 Re$tn"cted funds 2023 Total fvnds 2023 Totsl funds 22 Note 10 Donations madg Carriers of Hope Christian Aid Coffee Tots Commitment for life Coventry Boys & Girfs club Coventry Crty Mission Coventry Food Bank Coventry Refugee & Migrent cent Coventry Youth for Christ DEC Turkish earthquake Appeal Guide$ I brownies Hardship fund Hope Coventry Leprosy Mission Macmillan Cancer Support Myton Hospice Open Doors Other Pancreatic Cancer Royal British Legion Salvatson Army Scouts Sl Andrews House Sl Francis Employ Support TEN Tiny Tim's URC silence Zoe's Place Trust 350 346 900 1,268 402 402 1,356 1,356 250 1,322 423 250 1.000 200 322 223 514 156 308 300 1,7C6 400 20 300 300 243 243 100 100 180 1,471 180 1,471 1.522 387 304 304 22 241 241 60 214 95 350 400 350 308 130 130 200 200 70 70 250 20 250 20 20 492 Donations made 2,342 10,406 Page 13

West Orchard United Refomied Church Notss to the accounts for the year ended 31 Dec•mber 2023 Unrestricted nds General Designated 2023 2023 Restrictsd fvnds 2023 Total funds 2023 Totsl funds 2022 Note Investments Market Value 2131 December 2022 Additions in year at cost Nel gain I (loss} on revaluation Market Value at 31 December 2023 £SCIJ.000 was invested in 259,121.06 units in COIF Chanty Ethical Investment Fund CCLA in 2015. The market Value of the investment at 31 December 2023 wa5 £779.954 710,199 710,199 810,945 69,755 779,954 69,755 779,954 100,746 710,199 12 Gross transfers botwggn funds Legacy to General Fund Legacy to property Fund Property Fund Lunch CSub To General Fund 50,000 150,000) 155,5621 75,562 1,750 31,750 {20.000} 1,750 31,750 13 Debtors Tax recoverable under grft aid Debtors 688 688 688 688 932 932 14 Bank and cash balancgs CAF Bank Current Alc CAF Bank Gold AJC Shawbrook Bank Bank and cash balances Creditors - amounts falling due withln onè yoar utilities 3,384 63,143 2,013 20.000 180.000 202,013 8,412 50,666 4,065 11,796 50,666 4,065 66,527 15 44,440 44,440 9,569 16 Rfjstrlctod Funds colleth.ons 246 5.784 Dementia 462 Manse Toial 708 5,784 9.241 15,002) 16,5741 1,431 6,384 Voluntary Income Rental Income Donations made Maintenance costs Transfer to General fund 9,241 {5,002) 16,8491 (6,574) 258 708 1,028 462 2,667 4,157 The Church operates three restricted funds. Each financial year appeals are made for a variety of causes or organisalions of a ¢harilable nature. Payments from this fund match the sums received under the appeals. However, as some appeals cross the year end, 2nd there are usually a number of ¢olleclions over Christmas there are nomially balances at the end of any financial year. Balance al 31 Dec 23 was £1028 A £500 donation received in 2017 spcified it be used for dementia projects. Balance at 31 Dec 23 was £462 Manse was vaGataed in Dec 22 and is being rented whilst unoccupied by minister. Page 14

West Orchard Unlted Refonned Church Notes to the a¢¢ounts lor th• year end•d 31 Decomber 2023 Balanlz ot Unrealised Transfers {tol I 31 Gain on from General De￿mber Investment Fund 2023 Balance at 01 Jan8ury Receipts in Payments in 2023 the Yeaf the Year 17 Designated Funds Property Fund Youih Fund Legacy Unrealised Gain on Investment Lunch Club Mlssion, Outreach. Wofship fund 13,187 24,343 317 (92,3861 14LKI 75,562 20.726 773 1105,562) 500,146 279,954 4,269 24.996 605,708 210,199 5,173 64,321 69,755 4.332 13,4861 139,3251 1135,583 11,750) Total 899,450 69,755 31,750 830,864 Tha Church operates 8i% des￿nated funtls with the approval of Church Meets"ng. The property fvnd maintalns all Church propety and meets propeity related running costs. By (leeision of a previous AGM. all histori(xl balanw plus the annualty agreed IransfeT from general fvnd, and any doslgnated donalsons, are available to the Church's Management Committee to meet the objectives of the fund. This approach allows the committse to Opgrate with fA)nsiderable Ireedom of budget devolution from Church Meeting, pemiittsng the c¥)mmittee lo plan operats)ns on a longer term basis. The Youth Fund rwNes donations from the church speaficalty for Projeds for young people. 11 also ac£ounls for the receipts and payments assowted with the children's adivty days and summer holiday club and retains any surplus made. The Legaey Fund was created in 2014 upon the feceipt of a legary of £1.2￿,500 from a Churd) member Chufth Meeting agr88d to sel aside 10% ofthe legacy in the Watter Hope Fund to be di51ributed to good causes Funds were all distributed by Dec 2017 and the Watter HO￿ Fund wa$ ()sed. Church Meeb'ng agreed that 10% of Investment In￿Me e8th year be donated to charilws. as receommended by Elders. Investment in Churth buildings has lurther r9duced the fund and the balance has boen invested to provKle an Trncome stream for the cuith. Revoulatlon rèserve. Unrealised gains on Investments a￿ held in a RevaluatK)n Reserye account and wll only be reali%ed on the Sale of the investment Lunch Club provK1es a course ￿nch e8ch week for senKJr membws of the conyregation and the (Xmnmunty. A donation is made lo the church and the bala￿e offvrMJ$ are held In the Designated Fund. mI￿lon. Wornhlp and Outr¢aeh Fund was ugated in 2018 afier Church Meeting approved recrurtment of a MissK)n, Outreach and Worship Leader and £21XJ.OLXI was set aside from the Legacy to fvnd salary and project costs for ffve year period. Page 15

West Orchard United Reformed Church Notes to the accounts for Ihg year ended 31 December 2023 2023 2022 Note 18 Staff costs and trustees expenses Salary costs 70,322 52,057 Al 31st December 2022 the Charity has 4 employees No employees had emoluments in excess of £60,000 Employee numbers Average number of FTE employees {based on 37 hour weekl 19 Trustees The Church is a registered as a charity the Charity Commission and the seNing Elders of the Church with the Minister are the registered Trustees. The minisler retired on 30 Nov 22 and the ¢hurch 15 currently in a vacancy period. No sums were reimbursed to the Irustee$ for their work as trustees b} While travel and other expenses may be paid lo trustees related to various needs of the Church, none of these payments relate to their duties as trustees. 20 P¢n81ons The minister is employed by the National Church and pension conlributsons and arfangemenls are dealt with through that arrange[r￿t. The Church operates a Wofkplace pension scheme with NEST which has 3 members 21 Contingont liabllty There are no material Gontingent liabilities. 22 Postthlanco sheet events At Church meeting on 05 December 202111 was agreed that West Orchard URC would unite with Warwck Road URC. The new Church will be known as 8aginlon Road URC and a new CIO will be set up in 2024 and the asset of both charities transferred to the new Charity. Page 16

West Orchard United Refomied Church Notes to tho accounts for the year end9d 31 Docembor 2023 Unrestricted fvnds General Designated 2023 2023 Restricted frjnds 2023 Total funds 2023 Total funds 2022 Note 23 Donations recelved {detalled analysis of part of noto 2) Scout group 1,290 Guides 360 Jam Funerals I Weddings Flowers Tea Dance Other Donations 1,290 360 1,680 320 42 910 335 705 1,452 300 340 750 633 300 340 750 633 3,707 3,707 Maintenance and major rgpairs {items > £1.0001 Electric Gircuit boards Emergency lights Bungalow roof New Boilers Manse redecoration I refurb Refurbish Office BRURC Signage Smal Hall decoration Electric Healers Garden Care Water heater repair and replace Redevelopment plans Other Repairs and Equipment 4,565 1,020 9,280 70,625 4,565 1,020 9.280 70,625 3.866 4,775 3.525 3,068 1,000 3,327 1,462 3,384 8.971 7,766 2,708 10,474 Total Propgrty Malnt8nan¢• 93,256 6,574 99,830 29,512 Page 17

West Orchard United Reformed chU￿h Nrte8 to th8 xcounts lor the year endod 31 Do¢embor 2023 kndependgfit•x•mlnof¥ report I rew)rt on the financial statements of 1st Or¢hard URC for the Y￿ ended 31 DKember 2023, are set out on pages io to 19. Respectlve fasponslblMte• The Church is reS￿nS￿le for the preparatth ofthe fmncial ststeff￿nts, and wisKlers that the aud6t requirement of Section 43(21 of the Charilies Ad 1993 (the Ad) does not ap￿y. It 15 my responsibilty to state. on the basis of procJures sFcfvd in the general directions given ty the Charty Commlsskyiers urtd8r 43(7)(b) of the ACL Ythether Parti￿lar matters have come to my attention. Basls ol Indepe￿t Examlnorfs r•port My examinalJn was carr￿$ out in aC¢Ordan￿ with the gwral dwacions of the Charity Commissk)ners. An examination incith a review of the a¢counling reths kept by the Churth and a rA)mpwison of tr nts presented thrtse records. It also includes consideration of any unusual items or disclosu￿$ iwie financ￿1 statements, ano See￿"ng explanations t￿r￿MIng any such matters. The proc8dures undertaken th) flot provide all the evidentE thai would te required in an audit and consequently I do not express an a￿lIt opinton on the View given ty the financial statements. Independont Examlnefs ¥tat•nont In connection with my examinat￿ of the Church funds, nothing came to my attention whiGh gave me cause to believe othepi8e than that the financial statements accord wlth the accounting records of the Church, and that those rec￿ts saltsfied the requirennts of the ACLI am not aware of any matter to wthich al￿tiaft shoubJ be drwwn in order to enable a proper understsndiNJ ofthe finan¢i81 StM￿ to be read￿d. Slgned by the l￿pendeftt Exam1r￿. Diana Grain clo Rugby Unrted Refomied Church 40 Hillmrton Road Rugby CV22 SAD Page 18