WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity number 1130080 Page11
WEST ORCHARD UNITED REFORMED CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 Index Page Report of the Trustees Statement of Flnancial Activities Balance Sheet Notes to the Financial Statements l. Accountlng policies 2. Voluntary Income 3. Artivities for generating funds 4. Investment income 5. Income from Charitable activltles 6. Costs of generatlng funds 7. URC Ministry and Mission Fund 8. Direct ministerial costs g. Costs of church activities 10. Donations made 11. Investments 12. Gross transfers between funds 13. Debtors 14. Bank and cash balances 15. Creditors- amounts fallin8 due wlthin one year 16. Restricted funds 17. Designated funds 18. Staff costs 19. Trustees 20. Pensions 21. Contingent liabillties 22. Post Balance Sheet events 23. Donations received 24. Maintenance and Major repair5 10-17 Independent Examinerfs Report to the Trustees 18 Page12
WEST ORCHARD UNITED REFORMED CHURCH CHARiri REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ADMINISTRATIVE INFORMATION West Orchard United Reformed Church Charity is a local church of the United Reformed Church in Great Britain, and is a rnernber church of West Mldlands Synod of the Church. It was registered on 10 June 2009 as Charlty Number 1130080. 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 Bankers: CAF Bank Limited, 25 Kin8s Hill Avenue, Klngs Hill, West Mallln& Kent, ME19 4JQ The members of the Elders, Meeting for the time being are recognised asthe charitytrustees. Those who served as Elders in the year ended 31 December 2024 were: Mrs Susan Davls Miss Pauline Luckett Mrs Jenny Barnes Mrs Margaret Costigan Mrs Pamela Dawson Dr Crawford Dow Mrs Mary Goodwln Mrs Sarah Jarrad Mrs Margaret O'Kane Mrs Susan Matthews Mrs Marilyn Sanders Church Secretary from 17 July 2024 Church Secretary to 17 July 2024 From 17 July 2024 From 17 July 2024 To 17 July 2024 To 17 July 2024 From 17 July 2024 The Church bulldlngs, manse and bungalow are vested in the United Reformed Church (West 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 wlth the provisions of The Structure of the Untted 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 charity15 a statement adopted bythe Church Meeting on 29 March 2009. 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 members wishing to attend) gives general guidance on the life and work of the Church. Up to 15 Elders are nominated and elected by members of West Orchard URC in Church Meeting. Elders ser4e 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 and the Church Treasurer are the trustee5 of the re8lStered charity during thelr period of service as elders. In 2024the Elders Meeting met 12times. It is a55iSted in the administration of the Church and its property by cornmittees established for Management, Finance, Personnel, Discipleship. Pastoral, Social and Administration OBJECTIVES 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 facilitles offered to the communlty by Its buildln& and Its objertive is described rnore speclfically in Its mission statement as "sharlng God's love so that all may know Jesus" The Elder5, Meeting is aware of the Charity Commission's guldance on public benefit in" the Advancement of Religion for the Public Benefiv, and ha5 regard to it in the administration of the Church. The Elders, Meeting believes that the Church provldes beneflt to the public by: Providing resources and facillties for public worshlp, pastoral care and spiritual, moral and intellectual development, both for the con8regation and for anyone else who wlshes to benefit from what the Church offers: Promotlng Chrlstian values and servlce by members of the congre8ation to the community, for the beneflt of indlviduals and society as a whole. REVIEW OF ACTIVITIES AND ACHIEVEMENTS West Orchard URC is a friendly informal church made up of people from differln8 backgrounds united by our falth in God and his Son, Jesus Christ. The original church was bu51t in 1776 in Coventry city centre but was destroyed in the blltz of 1940141. It was rebuilt on its present site in south Coventry in 1947. In recognition of the past, the stained-8lass windows of the new church reflect many of the trades upon which Coventry built Its reputation over the years, as well as acknowledglng our own origins. In 2021 we entered into discusslons to joln togetherwlth oursister church WanNick 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 15 in the process of being set up and the new church is called Baginton 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 former church separately. During the last twelve months we have met for worship each Sunday. We welcomed a new pastor to our fellowship in April 2024. The morning services are family centred in their style of worship all ages are included. We have used a combination of modern songs and traditional hymns led by our singing group. Sunday evening services are usually more meditative, quiet and thoughtful. We have formed strong partnerships with other Christian Fellowships in the area especially the Belonging Church and Quinton Park Baptlsts. We have tried various new forms of worship- eg café style worship and agenda-less worship. We have Advent and Easter courses and several home groups who facilitate bible studies and discussions. Womens, prayer breakfast and mens, breakfast give more opportunity for reflectlons and fellowship. With the help of our pastor. we set up a new prayer room as a place for weekly prayer meetin8s and individual private prayer. Our membershlp at 31 December 2024 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, Slng 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 activities includln8 an outing for senior members ofthe community. Younger members enjoyed an Easter Fun Day, and our "Landlubbers" themed Summer Holiday club was well attended by preschool and primary aged children in July. This included a brilllant puppet show from Thrive Christian ministry. Our childrens, Christmas activity dav included a visit from the ever popular alpacas. We continue to have good relationships with local schools to support religious education. We also have busy Scouting and Gulding groups who meet In the church centre. Socially, we started the year with a highlight- the annual Burns supper. Throughout the year we held games nlghts, musScal concerts, cream tea, charlty soup lunch for Christian Aid and Macmillan coffee morning. We ended the year with another hl8hlight- the Christmas Bazaar which raised fvnds for our Church and St Andrews House care home. All church users are requlred to adhere to statutory chlld protection regulations and key voluntary helpers who care for children have been DBS checked. There is a designated Child Protertion Officer. During 2024the members and friend5 of West Orchard raised £6.953 which has been passed on to 16 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 number of willing people. The commitment of these 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. Pagel 5
FINANCIAL REVIEW In the year ended 31 December 2024the Charity had an overall deficit of £100,927 {2023 had a deficit of £64,285). These figures are after accounting for the movement in the unrealised gain on investment which was a reduction of £8,925 in 2024 (increase of £69,755 in 2023). The deficit for church operations before taking account of the movement in the value of the investment wa5 a deficit of £121.680 in 2024 (deficit of 134.040 In 2023). Income increased in the year by a greater amount than costs went up resulting in this lower deficit. The total resenies of the charity at 31 December 2024 were £743,94812023: £844,875). Movements on the various funds making up the result for the year were as follows: Increase/ | (decreose) 11,168) {121,385} 21,646 {100,927) At 31 Dec 24 8,666 709,479 25,803 743,948 At 31 Dec 23 9,854 830,864 4,157 844,875 General Fund Designated Funds Restricted Funds Total Reserves General Fund Income to the General Fund was £124,203 which was £34,158 more than in 20231£90,045). This included a legacy of £29,485 and an increase in room bookings and in donations from Belonging Church. Freewill offerings were marginally higher than in 2023 and investment income was £1,423 lower due to selling some units of the Investment in the year. Expenditure was £192,015 which was £71,072 more than in 2023 (£120,943). £68,541 af this increase was due to the cost of employing a pastor in April 24 and the Incluslon of the cost of the Outreach minister, previously recorded in the deslgnated fund, now in the General Fund from 01 Jan 24. Most other costs Increased with Inflatlon. The trustees approved a transfer of £10,000 from the Legacy Fund to the General Fund to coverthe deficlt for the year and add to the general reserves. Designated Funds: There are six Designated Fund5 (note 17 In the accounts) which had an overall decrease in the year of £121,385 (2023 had a decrease of £68,586). Two of the funds have been closed in the year. l. Property Fund Movement-£20,726 £76,465 was spent on property in the year. This included £61,164 on the alterations to the Apse area of church and £4,150 on decorating and setting up the pastols office. No other major repairs were carried out in the year. There were insufficient funds in the property account so £55,739 was transferred from the Legacy account. The balance on the fund at 31 December 2024 is zero. 2. Youth Fund now closed Movement-£773 The designated youth fund was agreed to be closed down in the year and the balance from 01 Jan 24 was Spent on childrens activity days. Donation5 from coffee in church are now being added a5 donations to the General Fund. Page16
- Legacy Fund Movement-£65,739 This fund was set up in 2014 on the receipt of a legacy of £1.296,500. £292,650 was transferred to other Church funds in 2014 leaving a balance of 1,003,850to be spent on major projects as decided by church meeting. In 2024 £10,000 was transferred to the General resenies of the charlty and £55,739 transferred to the property fund. The balance at 31 December 2024 was £434,407.
- Misslon, Outreach and Worship Fund - now closed Movement -£24,996 This fund was created in Dec 2018 by transfer of £2(K),000 from the Legacy Fund to cover the salary and general costs of a Mission Outreach and Worship leader for a five year period to 31 December 2023. The remaining balance on the fund at 01 January 2024 was transferred to the General Fund and the employee costs were taken from general funds In 2024.
- Unrealised Gain on Investment Movement -£8925 In 2016 £500.000 was Invested in a CCL4 Ethical Investment fund. The investment was valued at £779,954 at 31 December 2023 glving an unrealised gain of f279,954. In 2024 withdrawals of £80,OQK) were taken from the fund realising a 83in of £29,678. The remalning balance was valued at £720,707 at 31 December 2024 reducing the unrealised gain by £8,925 to £271,029. Any gain will only be realised on the sale of the investment.
- Lunch Club Movement -£226 This fund records all receipts and costs of the Lunch club which serves a meal each week to senlor members of the community. A donatlon to church funds of £1.950 was made in the year. The balance on the fund was £4,043 at 31 December 2024. Restricted Funds We now have four restricted funds. £89 relates to monies collected but not yet paid to other charitles at the year end. A donation to be used for dementia services has a balance of £462 at Dec 24. The manse was vacated in Dec 22 and temporarily rented from May 23 to April 2025. A restricted fund was set up to hold the rental income less all costs related to the manse. The balance at 31 December 2024 was £16,520. West Orchard Preschool closed in 2017 and the balance of £8,941 from its accounts was recelved from the Charlty Commlsslon -to be used for preschool chlldren. The balance at Dec 24 was £8,532. Total restricted funds at 31 December 2024 were £25,803. Reserves Policv The aim of the Trustees is to achieve unrestricted general 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 2024 the unrestricted reserves were £718,145. This report was approved by the Elders, Meeting and is signed on its behalf by S Davis , as Church secretary. Page17
West Orchard United Refomied Church Statèment of financial activltes for the yoar ended 31 December 2024 nrestricted fu d General Designated 2024 2024 Restricted funds 2024 Totsl ftjnds 2024 Total funds 2023 Note Incomlng r880urcas Incomlng Tesources frorn generated funds Voluntary Income Activities for generating funds Investment income Income from charitable activities Oth8r Income 74,847 16,651 30,905 14,955 89.802 16,651 47,513 5,798 1,800 42,427 18,514 41,569 4,649 26,903 16,608 5,798 1,800 Total incomlng rosources 124,203 31.563 161,564 134.062 Ra8ourco8 •xp•ndod Costs of generating funds Charitable activities.. URC Ministry & Mlssion Fund Direct ministerial costs Costs of Church activities Donations mad8 2,135 509 2,844 2,235 39.256 39,256 39,258 12.1501 221,417 7,344 148,111 2,513 80,803 2,964 6.953 231,878 9,486 10 Total ro8ources expended 192 015 9,917 283.244 268,102 Net ineomingl Ioutgolng) re8ource8 b•forn tran8l0r• (67,812) (75,514) 21,646 (121.8801 (134,0401 Galn l (108•) on InVtments 29,678 (8,925) 20,753 89,755 Gr088 transfern botw••n funds 12 38,948 (36,946) Ngt movement In fund• 121,385 21,846 100.927 64,285 Reconclllation of funds Fund balances brought forward at 1 January Net fflovement In fund8 Totsl funds carried forward 9,854 (1,188) (121,385) 8,666 709 479 830,864 4,157 844.875 (100,927) 743,948 909,160 21,646 25,803 {64,285) Page 8
West Orchard Unlted Reformed Church Balance sheet as at 31 Decemb6r 2024 Totsl ftjnds 2024 Totsi funds 2023 Note Flxed assets Tangible assets Investments 1¢ 11 720,707 779,954 720,707 779,954 Current assets Debtors Other debtors Bank and cash balances 13 1,730 6,430 16,911 688 42,146 66,527 14 25,071 109,361 Less current Ilablllti'. Creditors - amounts falling due within one year N•t currnnt a8Set• 15 (3,630) 21,441 (44,440) 64.921 Total net asset• 742,148 844,875 Ropresentad by . Charitable fund8 Re8trl¢tsd Funds 16 25,803 4,157 UnrMtrictod fund• Deslgnated Genwal 17 709,479 8,666 830,864 9,854 Total funds 743,948 844.875 Approved by the Church AGM held on tolilis and slgned on its behalf by the Treasurer and Chair of the rneeting Signed +y Signed Treasurer Chair Page 9
West Orchard United Reformed Church Notes to the accounts for the year ended 31 Decemb?r 2024 Note Ac¢ountlng policies Ba8ls of accounting The financial statements have been drawn up in accordance with applicable accounting standards.Th& financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities ISORP 2005) issued by the Charity Commission in March 2005, and the United Refomed Church guidance The accwals basis of accounting has been adopted and the principal accounting policies set out below are applied consistently. la 1b Fund accountlng Unrestricted funds are available for use at the discretion of the Church in furtherance of it8 charitable objectives. Deslgnated 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 fund can be reversed at any time. with the retum of some or all of the balance{s) to general funds. R•strlcted fund8 are subjected to restrictions on their expendituré imposed by the donor, or contained in the temis of a grant. These monies are not at the disposal of the Church Meeting. 1¢ Tanglble fix•d assets Freehold property: The Church, manse and bungalow {¢urrently tenanted) buildings are vested in the United Reformed Church (West Midlands) Trust Llmited and form no part of the assets of the Church. Wesl Orchard is howev8r responsible for maintenance and upke8p. and writes off all such expenditure in the year It is incurred. Revenue can be earned and retained by West Orchard from these a6sets. Equlpment: All equipment purchases a written off in the year of purchase. 1d Incoming rg8ource8 All voluntary giving Is included in the financlal statement8 for the period in which it is received. Donations under grft aid plus the associated lax recovery are COgnised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. All other income Is generally recogntsed when it is recelvable, Resources expended Resources expended are recognised in the period to which they are incurred and Include attributable VAT which Gannot be recovered. They are allocated to the particular aclivity to which they relate. Governance costs represent direct expenditure on the governance of the Church, including the production and independent scruliny of these financlal statements. As most of the governance. management and activities of the Church are carried out by volunteers, this intangible cost is not included in Ihe financial statements as this voluntary contribution to the life of the Ghurch is incalculable. Taxation As part of the United Reformed Church, the Church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxatlon in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financsal Statements. le 1f lg Investments Investments a stated at their market value as determined by our Investment advisors. Any valUation gain or loss is taken to the Statement of Financial Activities. Unrealised gains are held in a revaluation reserve until the gain is realised. lg Cash flow statem•nt A cash flow statement is not mandatory unless income exceeds £1.4M and has not been produced as this 15 not considered to contribute to the understanding of the accounts. Page 10
West Orchard United Reformed Church Notes to the accounls for th• year ended 31 December 2024 Unreslri¢l d funds General Desrgnated 2024 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Note Voluntary Income Envelopes and standing orders Cash Special collectlons Tax refunds under gift aid Donations received Legacies Legacies Voluntary Income 22.679 3.852 22,679 3,852 4,898 7,744 21,144 29,485 22,533 3,596 4,780 7,811 3,707 4,898 1,116 8,941 6,628 12,203 29,485 23 74.847 14,955 89,802 42,427 A¢tivtti08 for generatlng funds Use of rooms Church fund raislng events Other income Actlvities for generating funds 13,339 2,438 874 16,651 13,339 2,438 874 16,651 16,270 1,310 934 18,514 Inve8trn•nt Incom• Bank Interest CCLA Investrnent Income Propety rental Investment income 1,054 21,451 8,400 1,054 21.451 25,008 1,618 22,310 17.641 16,608 Income from charitable activitles Church events Lunch Club Incoma Incomé from charitabte activitles 317 5,798 5,798 4.649 Co8t8 of genernting fund8 Church events fund raising Church event5 social Bungalow insuran Bungalow maintenance 1,843 1,843 1,525 292 292 509 292 418 509 Costs of generating funds 2,135 509 URC Mln18try & Mlsslon Fund The church contrlbutes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension conributions and other benefits for mlnisters), running the denomination, and the wider mission of the national church. This annual budget amounts to some £22 million, 830kn of which relates to ministry costs, and 93% Is provided through the Ministry & Mission contnbutions from churches. Page11
West Orchard United Reformed Church Notes to the accounts for tha year anded 31 December 2024 Unres General 2024 'cl d funds Designated 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Note Oirnct ministerial costs Minister's fixed car allowan Ministerfs travel costs Ministerfs telephone Ministerfs books and training Manse Water Manse council tax Manse maintenance Direct ministerial costs C08ts of Church actlvlt188 Worshlp, praise and teaching Pulpit supply Music Worship costs incl flowars Junlor Church Children Activity Days Cards & communication ChurGh events Subscription Staff costs and expenses 1,810 1,661 1,955 1,810 1,661 1,955 308 982 785 1,876 645 68,541 78,363 2,280 1,546 1,090 62 408 1,022 1,977 489 773 209 785 1,676 645 68,541 77,381 773 209 48,197 other prograrnme8 Training Legacy expenditur Lunch Club cost8 other costs 4,074 4,074 88 3,486 124 3,610 88 Church prop•rty c08t• Direct Cleaning costs Cleaning costs Electricity Gas Water rates Insurance Property maintenance 3.820 3,781 16,188 581 6,330 3,620 3,781 16,188 581 8.330 78,111 108611 2,834 2,561 18,391 1,486 6,160 99,830 131,262 24 2,155 75,956 Adminlstratlon Staff Costs Photocopy I prlnt Costs Paper & Stalionery Rent of photocopier Church telephone & WiFi Legal & Professional fee8 Administration 35.751 774 858 439 2,029 291 40.142 35,751 774 858 439 2,029 891 40,742 34,038 490 902 439 1,761 718 600 600 Costs of Church actlvities 148111 2.964 231.878 221417 Page 12
West Orchard United Refornied Church Notas to the accounts for thè yoar ended 31 December 2024 stricted fun Designated 2024 Restricted funds 2024 Total funds 20 Total funds 2023 Nots General 10 Donallons mad6 Alzheimer Society 81uebell Woods Childrens Hospice Christian Aid Carers Trust heart of England Commitment for lrfe Coventry Boys & Girls club Coventry City Mission Coventry Food Bank Coventry Street Pastors Coventry Youth for Christ Dynamo Project DEC Turkish earthquake Appeal DefibTilator expenditure Gab and Grab club - homesless GAZA Appeal Hope Coventry Leprosy Mission Macmillan Cancer Support Mercy Ships Mission For Aviation Fellowship Myton Hospice Open Ooors Other Pancreatlc Cancer Royal Brrtish Legion SANDS Scouts St Andrews House Thrive Youth Ministrie3 TEN Tiny Tim's Children's Centre URC silence Zoe's Place Trust 350 76 560 342 1,177 350 76 560 342 1,177 402 1,356 250 1,322 423 1,000 200 200 50 2(Kl 1,000 200 200 50 200 300 243 596 200 193 200 434 100 241 100 100 180 1,471 1,150 42 113 253 1,150 42 113 253 304 152 152 241 60 1,048 1,048 130 200 500 500 250 250 70 250 20 200 20 200 20 253 253 Donations made Page 13
West Orchard United Refomied Church Notes to the accounts for the year ended 31 December 2024 Unreslri General 2024 ed funds Designated 2024 Restricted funds 2024 Total fund8 2024 Total fvnds 2023 Note 11 Govamancè costs Independent examination l audit Investments Market Value al 31 December 2023 Disposal in year at cost Net gain l (loss) on revaluation Market Value at 31 December 2024 The maiket Value of the investment at 31 December 2023 was £779,954 £500,000 was invested in 259,121.06 units in COIF Charity Ethical Investment Fund with CCLA in 2015. £80,000 was withdrawn frM the fund in 2024 generating a gain on disposal of £29,678 11 779,954 {50.3221 710,199 69.755 779.954 720,707 12 Gross trnn8fern botween fund• Legacy to General Fund Legacy to propety Fund Property Fund Mission Fund Lunch Club Legacy To General Fund 10,000 {10,000) 24,996 1,950 {24,9961 {1,950} 36 946 13 Dèbtor8 Tax recoverable under gift aid Debtors 1,730 688 688 14 Bank and caBh balanc•s CAF Bank Current AJC CAF 8ank Gold Alc Shawbrook Bank 10,736 6.175 3,384 63,143 Bank and cash balances 15 Creditor8 - amounts falling due wlthln ono y•ar utilities 3.630 44.440 Special Collections 1,028 6,014 Manse 2,867 Chlldren Total 4,157 14,955 16,608 (6,953) (2,755) 209 16 Restrlct•d Fund$ Dementia 462 Voluntary Income Rental Income Donations made Maintenance costs Expenditure 8.941 16,608 (6,953) {2,755) 209 89 462 16,520 Compar?live figures for 2023 246 5. 784 462 Voluntary Income Rental Income Donations made Maintenanc8 costs Cfwd 5. 784 9,241 (5, 002) 6,574 4.157 9.241 (5,002) 6,574 2, 667 1.028 462 Page 14
The Church operates four restricted funds. Each financial year appeals are male for a variety of causes or organisations of a charitable nature. Payments from this fund match the sums received under the appeals. However, as somè appeals cross the year end, and there are usually a number of collections over Christmas there are norwnally balances at the end of any financial year. Balance at 31 Dec 24 was £89 A £500 donation reiVed in 2017 spcified it be used for dementia projects. Balance at 31 Dec 24 was £462 Manse was vacataed in Dec 22 and is being rented whilst unoccupied by minister. Donation of £8941 from West Orchard Preschool was received in 2024 restricting its use to be for the benefit of preschool aged chidren West Orchard United Reformed Church Notes to the accounts for the y•ar ended 31 Oecember 2024 Balance at 01 Janaury Receipts in Payments in 2024 the Year the Year Unrèalised Transfers Ito> I Gain on from General Investment Fund 17 Designated Funds Propety Fund Youth Fijnd Redevelopment Fund Legacy Unrealised Gain on Investment Lunch Club Mission, Outreach, Wotship fund Total 20,726 773 (76,465) 1773) 55,739 500,146 279,954 4,269 24,996 (65,739) 18,9251 5,798 (4.074) {1,950) 124.9961 36,948 830,864 5,798 81,312 The Church operates slx designated funds viith the approval of Church Meetlng. Tha property fund maintains all Church property and meets propety related running costs. By decision of a prevlous AGM, all historical balances plus the annually agreed transfer from general fund, and any designated donations, are available to the Church's Management Committee to meet the objectives of the fund. This approach allows the committee lo operate wilh considerable freedom of budget devolution from Church Meeting, while permitting the committee to plan operalions on a longer term basls. The Youth Fund receives donations from the church specifically for projects for young people. It also accounts for the eIPtS and payments associated with the chlldren's activity days and summer holiday club and retains any surplus made. The Legacy Fund was created In 2014 upon the receipt of a legacy of £1.296,500 frum a Church rnember Church Meeting agreed to set aside 10% of the legacy in the Walter Hopè Fund lo be distributed to good cause Funds Vre all distributed by Dec 2017 and the Walter Hope Fund was closed. Church Meeting agreed that 100 of Investment incom8 each year be donated to charities, as reccommended by Elders. Investrnent in Church buildings has further r8duced the fund and the balance has been invested to provide an income stream for the church. Revaulation reservo. Unrealised gains on Investments are held in a Revaluation Reserve account and will only be realised on the sale of the investment Luneh Club provides a course lunch each week for senior members of Ihe Congregation and the communit A donation is made to the church and the balance of funds are held in the Designated Fund. Mission. W0h1p and 0reach Fund was created in 2018 after Church Meeting approved recruitrment of a Mission. Outreach and Worship Leader and £200,000 was set aside from the Legacy to fund salary and project costs for five year period ending 31 December 2023.. Balance transferred to General Fund in 2024 Page 15
W8St Orchard Unitsd Refomied Church Notes to the accounts for Ihe year ended 31 December 2024 2024 2023 Note 18 Staff costs and Iru8tg0$ expensos Salary costs 103,735 70.322 At 31 st December 2024 the Charity has 4 employees No employees had emoluments in excess of £60,000 Employee numbers Average number of FfE employees (based on 37 hour week) 19 Tru8to08 The Church is a registered as a charity with the Charity Commission and the serving Elders of the Church are the registered Trustees. No 8um8 were reimbursed to the tnJste8s for their work as trustee5 The minister, who is a trustee, lives rent free in a house'owned, by the Church, although vested in the United Refonned Church (West Midlands) Trust Limited. The Church maintains the propety, and pays council tax on the property in line with URC policy. The Church also pays the minister a fixed car allowan¢e 8nd travel expenses in line wilh URC policy, pays for the telephone in the mans8 allocated to Church business, and pays a book allowance also water rates. While travel and other expenses may be paid to trustees related to various needs of the Church, none of these payments relate to their duties as trustees. b) b) 20 Ponslon8 The Church operates a workplace pension scheme with NEST which has 3 members 21 Contingent li•blllty There are no material contingent16abilities. 22 Post4>alance shgot oven1• At Church meeting on 05 December 2021 it was agreed that West 0hard URC would unite wlth Watwick Road URC. The new Church will be known as Baginton Road URC and a new CIO will be set up in 2025 and the asset of bolh charrties transferred to the new Charity. Pa9e 16
West Orchard Unlted Reformed Church Notss to tho accounts for the year ended 31 December 2024 Unre General 2024 tricted fvnds Designated 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note 23 Donations received (delailed analysis of part of notè 2 Belonging Church 8,600 Scout group 1,099 Guides Jam Funerals I Wèddings Flowers Tea Danoe Balance from West Orchard Pre School other t)onalion8 8,600 1,099 1,290 360 soo 270 955 500 270 955 8,942 779 300 340 750 8,942 779 633 12,203 8,942 21,145 Malntonance and major ropalrJ litem$ > £1,000) Apse Development Pa5torfs Office Emergency Lights Electric circuit boards Bungalow roof New Boiler8 Manse redecoration I rèfurb (Xher Repalrs and Equlpment 61,164 4,150 1,463 61,184 4,150 1.463 1,020 4,565 9,280 70,625 3,866 10,474 9.179 9.179 Total Property Malntsnanc• 75,956 75.956 Page 17
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WEST ORCHARD UNITED REFORMED CHURCH Independent examiner's report to the trustées of West Orchard United Reformed Church I report to the charity trustees on my examination of the accounts of West Orchard United Reformed Church for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examlner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act" or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. L DP LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB Date,. 31 st October 2025 Page18