2024-12-31-accounts

Chanty registration number.. 113￿242 Taunton United Reformed Church UnaL*Jitod Annual Report and Fingn¢ial Statgmenls for the Ygar Ended 31 Decamber 2024 ocm acmole

Taunton United R•f¢nn•d chU￿h Conl•nts Icontlnu•dl Reference and Administrative Details Trutst￿ (Eklersl Annual Rewt 2to9 Independent Examine18 RepJrt 10 statement of Financial Activit 11to12 Balanco S 13 Not98 to the Financial Slatmnts 14to25

Taunton United Rofomied Church R￿Oran¢* and Admlnlstratlv8 Dotails Trustoes Mr Stuart Trott Mrs Meg Car<ty Ms Su8 Ingham Mr Frank CalL4nan MT3 Sheena Helbar S•¢mtary M8 Sue Ingham Charlty Rog1stra￿On Number 1130242 Prlnclpal Offi¢• Taunton United Refomed Church Paul Street Taunton Somers TA13PF Indopondent Examin•r Sarah Twist FCA DChA ACMdeLLP Stsffor(J House Bl8ckbrook Busin•ss Park Taunton Somerset TA12PX Page 1

Taunton Unltsd Roforniod Church Trust•es IEld•rs) Annual Roport The trustees present the annual report tOg¢trr the financial stgm•nts of tha charity for tho year end￿1 31 Decernber 2024. StrU￿￿re. Gov•man¢• and M•nag•ment Stru¢turn Is in aceord8nce wth the URC Ads of 1972. 1981 and 2000 and The MaThual' of The Unbt& R￿arMed Church in th¥ Unitod Kingdom {dated 2000) sets out the Basis of Union and the StruciurE of the United Refor[n￿j Chuirh. Gov•rnanc• The Church is govemed by the member5 on ts ron, which ts reviewed annualty. Members are drawn from the ¢ongrego1ion, and membership may follow affimiation lor reaaffim)alion} of faith and a period of training Usual￿ under the guidance of th¥ minist¥r. or moy invdv& a tron$fer of membership from another ￿ngrÈgati0Th. The Church Meeting is the de¢i8ton making body of tho ¢hur¢h and is opon to the entire congregation. Atthough only members are pemiitted to vote when ther¢ 1$ a formal vote, tho cotYJregalion usualty works with a consensus model of decision rnaking. so that the views of all may be h&ard and tsken into a¢count. Eklars are 818ct8d from the mem￿rship and are ordained into office. The function of the Elder 18 rnuch wider than that of ¥ Trust00 and in¢ludes.' _ . Fo$t8ring ¢onwn in the ¢orrfJregbn . Ensuring publ￿ worship is regular￿ offered • Pastor31 car8 of thè congregation . Nominating a church $e¢retsry fron its membgrs * Afranging pu￿11 Supply in a Va￿ncY Maintaining standards of membership • Responstjilty for youth anrl chiklren's work aTrJ other church organizations • Advlslng on the eledon of Elders . Surtabilty of candNlates for the ministry . Proper maintenance of buildings and oversvJht of financial responsibil(( . Act as Ihe link bett￿n the local church and wider councils ofthe URC • ResponsbilTrty of the ¢ommon Irf of the church . To monitor the budget at least on a quarterly b8$1$ . To continue the everyday maintenance of the Church buildings and the Man8e . To property discharge the responsibilities of maintenance of the Memorial Hall and Chapel HoLe • To r•vt•w R•nt$, L•ttin9$ F•¢$ Managernont Chur¢h Meetings are noma1￿ ￿ld quarterly, wrth &xiraordinary meetings held as needed, and their organoalion is the responsibilty of th8 Church Secretsry. The Agenda 18 get by tho Secretary and 1$ available lo members and con9Tegatiorn * least one Surtday ￿ adv8n¢e of tha meeting. Eldèrs. Meetings are nomialty hePd monthty with Organ￿￿10n the rospon$iblty of tho Chur¢h S8cr8tsry. All major risks to which the Charity is exposed, as ident￿d by the Trustees, have been and systems have been established to manage these risks. Trnlnlng Elders have initial training before ordinatJn and this is follcpwed by IrainiThJ localty at Elders Meeting8 and training days and al more fomal Synod training days. Page 2

Taunton Unft•d Refomied Chur¢h TNsto05 IElder51 Annual R•port l¢ontlnu•d) ObJo¢fjv8s and Activiiles Brief statement of lh8 obiectJ"V8s of th& Church The Vision Statament of the church was approved by o chwch meeting in 2014 and reffg¢ts Cu￿nI thinking of the Elders and congregation, Ourvlslon Forth• sak• of th• Gop•l. w• will ￿:_ . A church that w•l¢omes. whoeveryou ar• . A church that cares and mpond wtth actlon . A ¢hur¢h that works Twlth others and pJay$ Its In the communlty . A church that know$ and $h•w the love of God . A ¢hur¢h th•t15 growlng In falth and knowl•dB• of God • A church full of hop• and Joy During 2024 th8 rar¥Jo and of church ac11v￿eS war& still sllxv to pid( ￿. mainly due to the Co81 of Lmng Cris1$. Worship has t&ken place each week wrth a steady numbar in person but fewer rthi on zoom. Mor fomial worship tsk•s place each Sunday. There is no mthmk worship. The church has Sustain￿ its lalionshry)$ #nd work wlh neighbouring churches. During Lgnt our three churches held joint meotings expkrfng things reled to L¥nt and Easter. Our Quiet Advent Morning h8d to be posty)on&J becau￿ it was d¢emod unsafe lo ask people to ¢om• out during Stomi Darragh. Pastoral Care ¢ontinue8 through prayer and support to ¢hurch mernbers and friends using a variety of mean¥, by person, by phone. by email, via z￿rn. The congregation Supp￿ oach IAheT 115ing these 8nd social media. The ¢ongreg81ion enjoy meeting together for vthship each week and for the c£nveTsation$ Ih¥y have before after I￿[shIp. Tha S￿la1 lrfè of tho church is 8lovly increasing. Th& Hoblyes Club continued to expoThJ over the year wilh more non<hurch people joinin9. T￿Y held • Craft sesS￿n l¥amin9 new 8ki113 and making Christmas d￿oratiOns. Peo￿8 arè 8n¢ouraged to bring a frknd or n8ighbo￿T, ¢$pttcialty those who may be lonely. ThKs 1$ o1$0 4 W*m Space for people to visit and have refreshments and chgt. The church has continu•d to fund raise lor intemati¢)nal Charit￿. including Chrtstian Aid and for kxal ¢h•rib&s ¢u¢h ao The Open Door and Food Bank. Tho we¢kty lob ¢lub, w0￿-￿￿e has Continued lo ￿1p peop￿ prepare themsefves for work. r the year the church ￿ CLVrtinued to support a Ukraintan famlty. They are happy in the propety that the church rents for them. but still pray that hosti1t￿ will ceasè and th$y ¢¥n return home. con9regation has continued lo support Cthzens Somerset. A chapter of Citr￿n5 UK ¥nd 18 engayed through this partnership with other local organisations (churches, s¢ho05s, chaTla)le bJdiesl lo work forthe common 9oc¥J in the Taunton area. Page 3

Taunton United Rofom)•d Chur¢h TrustWB l£ld•rs) knnual Report Icontlnu•dl Publlc Bonofft A8 8 kal congregation of the Unitsd Refc¥med Church, Taunton Unrted Refomed Church seek8 to athance the Christian reltgion through its activf(ies and the facl1rt￿S offered lo the communty by its buikjings, and described more specrficalty in its Vision Slalement. The Elders, Me¥ting is awar• of the Charty Commission's 9uidan¢e on publ￿ benefit in 'T Advancement of Religion for the publ￿ Benef￿ 8nd has rog8rd to (( in th• &4mÉni8tralK)n Gl the Church as 8et out bekny.. - Providing resources and facilities for public worship, paslcwal care and spiritual, moral and intellectual development, both for the congregalton and for anyone else who wshes to benefit from what the Church offgrs. Promoling Christian values and $ervie by members of th• ¢ongrtrJtKn to th• Communty. for the benefit of individuaL8 and sOc￿ty as a wh(Ae. Offering through comrnunity programmes opportunities for soc￿1 interaction, active fwirvJ, quiet space, hospitalty and discussion opportunities on a variety of issues. Ach￿￿•M0nts and Perfo￿￿￿¢ Alms In addition lo the Vi8ii)n Statement the aims of the church are.. . Momb•rship To encourage growth in understanding of membership - to deepen faith in exi51ing members and lo draw now peop￿ into the lrfe of the church. . Wtyshp To make God'8 presence Come alive lo ea¢h ￿K)rShipP•r and to prowdo worship that connects vth and sustains daity lite. . Leadership To devd(p leadership 8killg in as many a8 P088ible and partlculady in the EKer8 . Community Actiwty To raise awareness of thg $PIritU￿ and S￿14 negd$ of ts communty ond lo dgvelop appropriat8 activiti85 Communication To improve ccmmunication within the church and pr£￿e Taunton Unil&J Refom7ed Church in tha communlty Builjings To maintain and develop our buildngs wel 8nd to make them avaibble for cofflmunity use (when that is possitle) • Finan¢e To Mang9• our finan¢•s in Ihe b•st monnw to 8chKve th gims of the Vision Statement Pag8 4

Taunton Unlted Relorn?•d Chur¢h Trustees (Elders) Annual R•port (contInu￿) Chureh Annual Report The report 1$ structured under the he8dlng8 of the Church Vision Stsl•menL A ¢hurch that whoev•r you arn The chLFr¢h provKles support lo those In residèntial homes or VA￿ cannot often leave home, taking communion {wh8n wssiblel and offering rg9ular visits, phone calL8, letters and emarf$, to those who might oth•Mise be larg¢ly alone. Loneliness is Still a ptobl¥m lor many and ihe chutch communty Continues help peop￿ to keep connected. A Church that caros and mponds wjth actlon The Pastoral Bubb￿9 vthich were foThed in 2021. apart Ircm coe have ceas&J lo exist. The Eldtsrs 8r• in contact with member8 arKI frieThJs on a regular ba81$ The Church has held s￿141 colkntions for Krt8mational and I￿1 charities. Christian Aid, Tho Opon Door and Food Bank. The church ha$ Continued lo host ¢oncerts and othèr èvents throughout th• year. A ¢hur¢h that works wlth Ot￿rn and plays Its part In tho community The church works in pathership wth Temple Methodist Chur¢h and St John's Parish Church, ty IHAding united ser￿S in drfferenl venues and hosting Lent Advent Events and Christl8n Aid Week coffee momings. AS Staled above the Advent Quiet Day was cartcelled du• to the weather. A church that knows and shares tho love of God The ¢hurch ha5 held some sèssions for reflection and l*arnin9 in faith including ecumenical Lent and Advent days. Services gre shared befv￿n three congiegationts. Temple Methodist Chur¢h and Sl John's Church of En￿and meeting at drff8r8nt ￿nUt8. The AnglKan Communty Churth of the New Covenant ￿tCh W used our building movgd to a different venue. A ¢hur¢h that Is growlng In f41th and knowledp of God The church has continued lo se8k ways of gnabling members of the church to deewn f8rth and lo engage in prayer and refflacts'on. The church has invited various ￿￿)rshIP kaders to lead our Sunday vrship. The church conts'nu•s to prt)duce a monthly nthvsl8tter. A Church full ol hop? and loy As the year proJressed more people have joined the congw8tion in person and many a long conver8alion has taken place which has b8nefrtad 8vgryone. The number of peoplo joining forwoiship via Znom v8rio$ e#ch week and the tonv•rs•b"on# wrth each other and thos• pr•wnt in th• church ' very wekomirKJ. Pag8 5

Taunton United Reforniad Church Trustws (Eldors) Annual Report Icontlnu•d} Membernhlp During year the Chur¢h Assistant's post wa$ fillad and he h8$ settled in w•lJ. During the year we wekomed a rwi Synod Mcthrator who has come from the URC churche5 in Maidenhead and Marfow. We al80 said goodbyè to a long standing member aB he moved lo Leeds to be nearer his fami￿. One of our elderty congregalKn $uddènly during th year. A long-$tanding membgr has mov￿1 into a l¢xal care home. We grwe with those who grieve and rqoice those who rejo￿$. Numb•vs of MemberJ and Av•rng¢ Attendan¢0 The number of members on our ¢hur¢h roll at Decembèr 2024 b 36. There 8re a further 9 who regularly support the church act￿rt￿6 and others who attend occasionaty. The average attendance at Sunday moming services {at Paul Street and on Zooml 1$ 30. The Elders Thtr Elder8 meet once a month and are joined on alternate months by the Synod Pastoral Adviser and our Companion Minister, lo pray, reffecl and lo carry OLrt their responsibilities. They are responsib￿ as Trustees for th¢ ¢hur¢h. and have responsibilty for the ¢ongreg8tion. They also ¢a¢h have port￿ul￿r roles and responsibilitie8, dealing with correspondence, caring for finance and p¥operty, organising events, representing the church lo other organisation8 and 118i8ing with outside ix)dies. The Elders continue lo reflect tO3ether as Ihty kad the ¢huTch in its mission and 8eNce ouuined by the W1￿0n Statement. Our Companion Minister di$d In ju￿ 2024. H$ wll be sadty missed. Thi6 loave$ tho ¢ounty of Somerset with three serving minister5. a married couple who live in Bath and a minister responsible for 3 church8s- Brklgwater, Canninglon and Minehead.. A Somersel Churches Group has b88n fomigd Irom thg eight remaining churches and an Interim M¢d$ror has begn 8ppointed to hglp thg ¢hur¢ls decide what thoy would wish from a shared rninisler and how to go foTh¥ard and putting Ic#Jether their Pastorale Profk which would be Bent to a pt05pectNe minister. Thg bulkling Due lo the age of the church there is a￿ayS ongoing maintena￿￿ work. During thi5 yew in addition the usual running repairs we have altered the side gate of The Manse to impmve access and 5￿urty, carried out the fin81 $to9• of work$ to deal wrth the darnp issues in Ch8pel H¢u$e and also upgraded the gas pipework here lo bring (t in line with current standards. We have al80 repaired the side porch rrKf in the church and carried out remedial works to the wall tehind the organ vknich had suffered badly from a damp iSSLfe which we add¥essed previously. Th• Quinquennial SUMJY was don• and th• finding$ were that ther• VIBB no eseential wty n¥￿ed at piesenl. Thty gavè a kjng tsm r8cornm¥ndations for work lo be I￿ne over the next fivo yoars. Page 6

Taunton Unit•d Refomied Church Tru$t•os IElderB) Annual R•port l¢ontinuodl Flnanclal Revlew Bankors and In8uran¢e Company Natwesl Bank. 26- 27 Fore Street. T8unlon. TA1 1JQ National Swng$ gank. Glasgow, G58 1SB CongwatK)n81 ￿ General Insurance Plc, Currer House, Currer Street. Bradford BD1 58A IAg8nt David E()Wards, Stonebridge H¢u$e, KeniKvorth Road. Meriden, CVT 7LJ} Re8•rvo5 P¢ll¢y The policy adcyted by tho Elders 1$ to keep monoy readlty available foi the repair 4nd maintenance of the various propertl&s in the control of the church. Much of the church property 18 of considerable age raqulring ¢on$t8nt rnainlenance and o¢¢asionally unsch8dulwJ work tr¢ome$ necessary requiring funding well beyond that sat In the budget for the yaar. Part of these funds are $et-aside lor this purpose. In addtiKin to this to ensure that we arg abb to continue our &veryday runnin9 of the church we feet that £30,000 - £35,000 should be availab￿ to cover a three month of running costs. The church has Inve8trnenls that are hdd by The United Reform•d Chur¢h Isouth Westem Synod) Incorporated. Thos tJdy of Twslees and Trust Off￿erS administer the Investments on behaw of T8unlon United Refomied Church. Interest ond Inveslment income are very important swrces of inc(me necessary to help rneet the C￿1$ of the everyday running of th• ¢hur¢h and the viS￿n costs. Al 31 Dg¢emter2024 the Charbty had unrgStri¢ted reselves omountiw to £586,57412023'. £582.0161. In¢ludod in this sum ar8 £439,119 12023.. £424,429) of fLxèd asset investments ￿ld for in¢ome generation purposes18aving £147,45512023'. £157,587) rag¥rd¢d as free re5erve5. Purp￿ ol d•Jlgnated fuTrds The deswnat8d fund is gener￿ty made up ol monw, wh￿h 18 donated to church from the estate of member or friend. It has Jjeen d8CK18d to set this money aside for the Eld¢rs to use for purposgs u$ualty not induded in th8 budgot. Purpose of restrfGl8d fvndj Reslricled funds have been provided lo the charity for particular purposes. the Eldèrs ¢•felulty monitor the application of those funds in accordance vAth Ihe restrictions placed ukxsn thwn. Surplu$ or Dèficlt wlth expl•n4tion There is a d*fi¢it for the year of £10.218 12023.. DeT￿rt of £25.9721. In 8dditron there were gair¢s on investrnenls of £19,832 12023.. Gain of £45,321) resulting an ovoral nel incixne for the pariod of £9,61412023.. Income of£19,3491. Excèptlonal Itoms and Llabilitl•s The ehurch has continued to rent a propwty lo hous8 a Ukrwnian famity. Page 7

Taunton unit￿ Refo￿n￿ Church Trust6•s IEldorJ} Annual Report (contlnu￿> Investments hekl by the Synod Trust Thèsè gro set OLrt in Notos to the Accounts. Th• Trust••$ refere￿ i$"¢hur¢h TAUNTON D31 Workwise. Taunton Work-wise, a job dub providing free Support and m¥ntoring for those Seeking work. has bon s)perating sinGè April 1st 2014. It w8$ froint￿ f¢vnded by Taunton UR¢ and Temple Mathodi8t Church, though now has a more diverse board of Trustees, and operates from the URC Church Hall. It is optrn W8dn8sdays 19'.30-12'.301 each week provmling free ￿1p for those seeking ways into work. Work-VVtse'$ IWWI main obl¢¢tivg is to support Ictsl jobségkfjrs by prowding fr88 a¢c8ss to computers and support wlh using them. W often works with those who have 'Tun our of help and support in other pLaces, and that have low self•esleem, I[tt￿ 5eWacOnf￿ence or hope for the future. We help peoplg resofvg barriers thay may faca in getting back into work after a p8riod ol absence or k)e¢ause of a 18¢k of work experien¢è, qu¥lrficK)n$ or eonfidèn¢e. W continués to have ¥ stro relationship wlh Taunton Job Centre and we are currently planning our 5 th Job Fair, to be hold in February 2025. Two of our mentors continue to visit the Job Centre after our weekly sessions, lo hdd Group InformatK)n Sess#)n. This is a time whereby jobseekers are invited in by their Work Coach to with W and h•ar how w• ¢an pr¢)vide help and $upport. This ha$ proved quite $uc¢essful and have s￿n many jobseekers from these sessions al ￿. Most exrAlingly, M hay plans to expand in the New Yearl We hope. with funding from HInk￿Y, lo open another Job Club at the Bridgw8ler URC. Thi$ was a plan that was ori9inalty sol in motion bofore the pandemic. bul uttimale put on hold. w¢ have met vAth Bridgwater Job Centre to eslabli$h the need for a Job Club and they have agreed that bt woukj be very benefic￿ to their iobBeekers. Watch this 8pa¢e.......... Page 8

Taunton United Refonned Church TN$tes {Eldwsl Annual R•port l¢ontlnuedl stst•mnl of Tru8t••s' R￿Pon$￿bil￿lo8 The trustees awe Tesponsbl& for prepanng the Trustee5 IEkl8rs} Annual Report and the financigr statements ￿n accordance with appli¢able law and United KirwJdom Accounting Standards including Finan¢bal Reporting Sl8ndar¢J 102.. The Financial Reptsrting Standard appI￿abl& in the UK and Republ￿ of Ireland (United ￿'ngdorn Generalty Att¢pled A￿l￿tIng Practic81. The law appI￿able to charities in EngLqnd & wa￿ requir8s thg tNstees to prepare financlai slatem•nts for each financial year whi¢h give a true and fair viaw of the Stste of affairs of th8 charfty Kl of the Income and ¥xpendrture of th8 charity for iw pen(>J. In proparing these financial statements, the trustees afe required to.. select Sult¥b￿ accLyJnting polici9$ then apply them consistent￿, observa the melhc*Js aThJ principlès in the Charities SORP, m8keludgements ond ac¢ounling estimates that arè ￿8$onable and prudent.. state whether applicablè accountin9 Standards have been folkJw8d. s￿18¢1 lo any materkql departures rJis¢l08ed and expLained in the financial stalemenls,. and prepare the financial statements on the golng concem basis unkgss it ￿ inappropriate to presume th81 Ihe charity will continue in business. The Iruslees ar8 rasponsible for maintaining propw accounting r￿ordS whkh disclts8e with reasonab￿ accuracy St any lime the finan¢ig1 posit￿n of the chartty and enable them lo ensure that the financial ststemenls compFy with th8 CharitEs Act 2011. the Charrti¢$ IAccounls and Raportsl RegU￿tIonS 2008. and thè provish)ns of the constitution. Th$ trustees are also responsbLg for safeguarding the assets of th• charty and hence for tsking rea60nable steps for the prevention and del￿tR)n of fraud and other irregula￿ties. The trustees are responsible for tha maintenance and wts9rty of tha ¢orporate and financral informat￿￿ include(l on tha ¢hanTat￿e companys websts. L¢gtsi•tson in the Unrted KIn￿10M governing the preparation and di&8emination ol financial $tatements may drflar Ir(xn 1ogi$lalKin in otherjurisdiction$. The annual rgport waB wproved by the trustw of the chority on Its bghaw by: and signed on its Ms Suo Ingha Secretary and trustee Page 9

Taunton Unlted Refomitd Church Independènt Examlnèrf$ Report to the trugttts of Taunton Unlled RefoTrn￿ Church I report to the trustees c4) my examlnatbn of the accounts of Taunton United Refornd Church for the year ended 31 D￿eMbtsr 2024, which are sel Olrt on pages 11 to 25. Regpon$lbllllios and ba$1$ of rnport A6 the charlty trustses of Taunton Untted R•fomed Church you are respons￿)18 for the proparathx of th8 accounts in accordance wlh the requirements of th8 Charith?s Act 2011 {Ih8 Act'>. I rtrport in respect of my examination ol the Taunton Untted R•fomed Church'$ ac¢ounts ¢arri•d oui under Beclion 145 of th0 2011 Act 4nd Fn c•rrying out my oxsrnlnat￿n I h¥ve foll¢Avgd all the applicable Direction8 given by the Charrty Commissicn under section 145{5Mb) of the Act. Ind•pendent examlner's Statement I have ccmpleted my eXaminat￿n. I confirm that no material malters have come lo my attention in connactK)n wNh the examination gmng me caus8 to b8lkW8 that in any material resp8cI'. 1. ￿cOuntIng r¢¢ord$ were not kept in r•sw¢t of Taunlon Unitod Rth•d Chur¢h as required by seclK)n 130 of the Act", or 2. the accounts do not accord wrth those record5" or 3. the accounts do not ccffiply with the ￿countIng requirements conceming Ihe fonn and content of accounts sel out in the Charities (Accounts and Report$l Regulations 2008 other than any requirement Ihat the accounts give a Irue and fair vi8W vthKh 1$ a matter ¢on$thred as part of an independent ex8minati¢)n. I have no con¢ems ond haw coma a¢ros$ Th) othar mattors rn ¢onn8ctKJn wth the èxam)otion to which attention $houkl bo drawn ￿ thi$ r¢port in order to w)able a propgr understanding of the accounts to k reached. Sarah Twist FCA DChA A C Mole LLP Stsfford House Bl8ckbrook Busine$$ Park Taunton Somerset TA12PX Date.. Pog¢ 10

Taunton Unli•d Reformed Church SLknment of Flnan¢ial A¢tlviti•s for tho Year Ended 31 Docwnb•r 2024 Unrnstrlct•d Restrlct•d Endowmont funds funds funds Totsl 2024 Not? Inc¢)mo Donations acws Other trading aclwities Investsnent income Other inc￿ 23,908 27,606 64,894 193 23,908 29.965 84,961 193 2,359 67 Total knccme 116,601 2.426 119.027 Expendlturo Charitsble activities Other expenditure Total expenditure Gains on investment assets 1119.8921 5,208 14,141) (124,0331 5,212 {125,100) 14.689 14,1451 63 (129,2451 19.832 Not in¢oMel{expw￿i(ure} Gross transffjrs befywen funds 6,190 11.656) 5,080 9,614 1,632 1.632 Nat movement in funds 4,558 1241 9.614 ReconcHlatlon of furHIs funds brou9hl forward Totsl funds earri•d forward 14 582.016 3.791 185.121 190.201 770.928 586.574 78D.542 The note8 ort pages 14 to 25 forn part ofthese finon¢ial Slaternents. Page 11

Taunton Unrted Reforn)ed Church Stknmènt of Flnanclal Actlvltl68 for tho Year Endod 31 Docembor 2024 {¢ontlnu•dl Unrestrlct•d R•StrIct￿ Endowmont funds funds funds Total 2023 In¢om• Donations and ￿aCleS other trading activities Investrnent incom• 29,435 20,487 66,469 29.435 23,447 66.535 2,960 Total income 116.391 3.028 119,417 Expendltur• Charitable actNities Other exFendituro Total expenditure 1138.5501 2.234 14.5891 16 (143,139) 2,250 145,389 140,784 4,605 Gains on inv•slm•nt as$¢ts 28,701 205 16.415 45,321 Net inccfflellexpenditurel Gross transfers be￿¥een fvnd$ 4,308 (1,374) 16.415 19.349 1.1 1,136 Net rnovernenl in fund$ 3,172 12381 16,415 19,349 Reconclllatlon of funds Total fun(ts brought foward Total funds carried fO￿8rd 14 578,844 4,029 168,7C6 751,579 582,016 3,791 185,121 770,928 Thè notes on p89è8 14 to 25 forn part of these financial statements. Page 12

Taunton Unlted R￿orn￿d Church IR8glstration number. 11302421 Balance Sh••t a¥ at 31 D¢¢embw 2024 2024 2023 Note FI￿d asbets Inveslmonts 11 631.692 611.880 Dablors Cash at bank and in h￿d 12 11,455 143.270 154,725 13,687 150.946 164,633 Crndltors: Amounts f•lllng due wlthln one y￿r Net curr•nt ass•t* 13 5,875 15,565 148,850 159,068 780.542 770,928 Unre$trl¢ted fundB 586,574 582,016 Restricted funds 3,767 190,201 3,791 Endowrnenl fuThJs 185,121 Totsl funds 14 780.542 TIO.928 Thefi ial ststemenls on Pag￿ 11 to 25 were approved by the trusle•s, and authori8ed for issue . and si9rnd on their behalf by. Mr Stuart Trott TNstee MS Su8 Ing Secretary and tru$t•• The n¢Aes on pages 14 10 25 forni part ofth•se financial 5tat8monls. Page 13

Taunton Unlted Refomiod Church Notes to the Flnanclal Statamgnts for the Year Endgd 31 D8c•mb•r 2024 1 Accountlng pollcl•s St4tsm•nt of c¢>mpllan¢¢ and basls of preparatlon The financial statements have been prapared in accordance with tha s￿Ond gdition of the Charilies Statemant of Recommend￿ Practicè issued sn O¢tobèr 2019, the Financial Reporting Standard •ppli¢able in the United Kingdom and Republic of Ireland IFRS 102} and the Charitie5 Act 2011. Taunton United Reformed Church meets the definition of a public benefit entty undw FRS 102. The counts (financial Statements) h8vo been prepared under the hi8toTical cost convention with items recognised at cost or transa￿on valuè un￿6 otherY￿Se stated in the rèlevant notels) lo these a¢counl8. Going ¢on¢¢rn The tNst8e$ consid•r that Ihore are no material un¢ertaintie$ abtrut the charilV8 ablty lo continue as golng ¢on¢em. In¢omo and èndowm•nts All income is recognis¥d whgn Ihg ¢h4rity ha¥ entiibment to the income. it IB probable that the income wll be receNed and the ￿lo￿nI can be mea8ur8d wth 8ulfi¢nt relkgbility. Donatlon$ •nd1ogxl68 Donations and legaC￿S are reccgnised in th• fin•n¢ial $tatem•nts thtt pori¢d that they are recer¥ed orwhgre th¥[8 1$ $uffi¢ienl eviden¢9 that (( IS Probable that the donation or acy wll be recewed. Gwt ald Income from tax reckims r6 included in the Statement of Financial Adivitie$ at th• same time as the grft to which they relat¢. Investment income Bank inlere81 and dNidends are rwnised on a receivable basls. Exp¢ndlturo All expendrture is recognwd once Ihere 1$ o l&Jo1 or Constr(￿tI￿ obliqotion to th8t expenditijre, rt 18 probable settlement 18 required and the arnounl can be measured reliably. Al costs a￿ alk)cated to the applicable expendf(ure heading that aggregate similar costs to that category. Where ¢ost$ ¢8nnot be dirè¢tly 8ttributèd lo particular headings they have been alkjcaled on a basi$ ¢on$istent with th¢ use of resources. wlh central staff Costs alhxo18d on the basi$ of l•ne spent, and depreciation charges allocated on tha portion of tha asset's usè. Othèr SLPPOrt costs arè alkJ¢at8d based on the sprèad of staff costs. All resour￿4 ¢xyndd are indusiv of irrecoverable VAT. Ch4rttabl• a¢tfvltles Charitable 8xpendrture comprise$ those ¢ost$ n¢urrod by the ¢h8rity in th• delivery of its actsvit and sgrM¢os for ts benefi¢larth. It includes btsth cost8 that can be allocated diredy lo such ￿tiV￿￿e9 and thtsse ¢o$t$ of an indirect nature necessary to support them. Page 14

Taunton Unitod Refornied chU￿h Notss to th• Flnanclal Stat•m•nts for the Y•r Endod 31 Dtrcern￿r 2024 Icontlnued} 1 Accountlng pollc105 {conllnuod} Irrncovarablo VAT The charrty is registered for VAT. All 8xpenditur8 Is $totsd in¢lu$iv¢ of VAT. Irrecoverable VAT is charged against th& expgnditurs he8dlng for which (( was incurred. Taxlon The charity is a registered charty and is, therefor8. 8xompt from liabilty to tsxation on its income and capital gains, to thg extent th8t thoy ore ¥pplbd f¢r Charrtable Pufposes. Tanglbl• flx•d 4$8•ts - Frn•hold propertl The properties used by the Church, namely thè Church, Mansè. Memorial H￿1 and Caretskers Cottage ara all hgld in trust by tho Urhited Reff)m¢d Church Isouth Westeml Synod. As the Chur¢h d￿S not have lull ¢ontrol over these properties, the recognil#JTr criterKa for an asset within FRS 11r2 are not met arKI accordingly these properties are not reccgnised within thèsg accounts. In¢L¥na generat￿ fr￿ 1gttin9 Ih8s8 propgrtios is retaingd by the loral ¢hurch and recognised as receivable. Any m8intenan¢e eypendkure on these prwrb.es is WTitten off as incwred. Flxed assot Inv•stm•nts Listed investments Li51ed invastsn8nt$ ar8 a fonn of bas1¢ fin8n¢Lql Instrument and are Initial￿ recognised at their transactiw value and $ub$equènlly measured at fair value al the balance sheet date using th8 dosing quotod market prrE. The Statement of Financial Activits'8s includes th$ nèt gains and losse$ arfslng on tevalua14Dn and di5P05a15 thrDughout the peri￿. The Trust doe8 rK)t wulre or use put cgtlons. derNatw&s or other complex finarKial instrurnenls. Realised gains and losses All gains and k)sses are taken lo the statement of financkil actiwibes as they 8ri$e. Realised g8in$ and sses on investments are ¢8l¢ulaled as the difference be￿en sales proceeds and their opening ¢8rrying value or their purchase value if wuired subswuent lo the first day of the financial ￿￿. Unreali3ed gains and105ses are calculated as the difference behveen the fair value al the period end and their carrying value. Realised and unreali$ed invwlment gwn$ and losses are combined in the Stslemenl of Financial Aciivities. Cash and Cash •qulval•nts Cash and cash equivalents comprise cash on h￿d and ¢811 depo$rt$, and other Short-tsm high IN4uid investments that are readi￿ convertibk to a krb)vm amounl of cash and are subject to an insignif￿1 risk of ch8ng9 in value. F￿nd structur• Unrestrict￿1 income funds are general furbds that are 8vai18bl¢ for use at the trustees di%retiun in furtheranGe oflhe oty'ectives of th¥ Charity. Restricted income funds are those donated for use in a part￿Ul¥ area or for 3pecrfK purFrt)se8. the use of vthi¢h is r¥$tricted to that area or puwse. Endowment fvnds We￿ ¢r¢*ed fi¢m the sale of properties under trust. The income generated is avaibble for use by the Church. The caprtal can be spent on capital projects at the disuetKJn of the Pa98 15

Tiunt¢n Unlt•d R¥fornied Chur¢h Kots5 to the FIMn¢lal Statements for the Year Ended 31 DKember 2024 {contlnuedl 1 Accountlng polkl•s {CO￿tInU•d} Flnandal In$trum•nts The charity only enters into basic financid instruments that result in the recognition of financial 0$s•ts and liabilitw such as trade and other debtors and Creditors together with bans to related partKs. Debt instruments, such as trade debtors and credrtor3, are initially measured at transaction piice and subsequenlty measured at ￿￿ortIsed cost. Financkgl assets are assessed al the end of each reporting pericrtj for objective emdence of impairment. If objective ewdence of impaimienl is found. an impairment kjss is recognised in the irKorne S&￿eMent. Crl¢l¢al A¢¢ountln9 Estlmatss •nd Judg•mnts The preparal*Jn of the fnancial statements in conformity wth FRS 102 requires management to make judgements. estimates and assumpt￿nS that affect the applicatKJn of pol¢cies and reported amwnts of assets and liabilth•$, income. and •xp•nse$. Eslimales and judgements are continualty evaluated and are based on historical exper￿nce and other factors, including expectatKJns of future events that ore belteved lo ￿ reg$¢)nable un(18r tho cir¢um8tsnces. The ¢harty rnakes eslimalès and assumptions Concerning ihe future. The resulling accounting eslimales wll, by definitDn. sekjom equal the related thal resuks. Thfj Trustees consider that there ara no critiC81 a¢wuntiny estimatès and judg8mènts that h8ve a s￿nIficant risk of ¢ausin9 0 matèrial adjustment to the carylng amounts of assets and Ilablllues wtthln Ihe next flnanclal year. PwJe 16

Taunton Unrt•d Rgfomigd Church Not•s to th• Flnan¢ial Statern•nts for the Yèar Ended 31 D￿Mb•r 2024 {contlnuedl 2 Incom• from dona¢lon$ Unrestrlctsd funds R•strl¢ted funds Total funds Co[￿t￿)nt Ukr8lM proj￿1 Total for 2024 16,474 7.434 23,908 16,474 7,434 23.908 ollection Ukraine proiecl Total for 2023 21.285 8.150 21,2BS 8,150 29,435 29.435 3 Other tradlmg a¢tlvltlos Unrnstri¢t¢d fiinds Restiicted funds Tot•1 funds Church haN leltings Manse letting$ Gift lime Special collections Small fijnd income 2.520 23.557 1,340 2,520 23,557 2.359 2.359 189 189 Total for 2024 27.606 2,359 29,96S Church hall lettings Manse lettings Grft lime Special ¢olb¢tion$ Small lund inc(￿& 3,180 15,600 1,488 3.180 15,600 1,488 219 219 To1•1 for 2023 20,487 2,960 23,447 Page 17

Taunton UnStsd R•fom)ed Church Notès to Flnancial Statemtrnts for the Yèar Ended 31 Dwmbw 2024 l¢ontlnu•dl 4 InV￿lM￿nt Incorno Unrestricted funds R•strlct•d funds Total fund$ Bank Into￿$1 Income from investrnent Rental income Car park incom8 1,527 19,700 20,970 22,697 1,527 19.767 20.970 22,697 67 Total for 2024 84.894 67 64.961 Bank interest Income from investrnents R•ntal in¢omo Car patk in¢un$ Total for 2023 1,381 19.018 25,037 21.053 1,361 19,084 25,037 21.053 66,469 66.535 S Oth•r Incom• Unmtrlctod funds R6strlcted funds Total nd$ Visijn 193 193 Total for 2024 193 193 Vlsion Total for 2023 Page 18

Taunton Unlted Rthirnied Church Nots& to the Flnanclal Ststwntsnts for th• Ygar End•d 31 D•c•mber 2024 Ick)ntlnu•d 6 Expondfture on charitablo •cllvfti Unrn$trl¢t fund5 Rostrlct•d funds Totsl funds Equipment rep8irB and renewals Ministry and mi8sion fvnd contrbution8 Church expenses- Ministry Church expense$- premises Work Wise Spe¢i81 Collections POOR Charity expendrture VtSKJn expenditur• Printing, poslage and 8lat*)nery Charrt8ble donations Sundry expenses Ukraine project Accountancy fe•s 160 31.380 2,425 55,899 2.000 160 31.380 2,425 55,899 2,000 4,074 67 4,611 917 525 225 17,169 4.581 4,074 67 4.611 917 525 225 17.169 4,581 Total for 2024 119,892 4,141 124,033 Equipment repairs and rent￿81$ Ministry and mi$8ion fund conlribuliort$ Church èxp8nsÉs- Ministry Church expenses- premis8S ork Wise Special collg¢tions POOR Charity expenditure Vision expènditure Printing, postag8 gnd Stationery Sundry expenses Ukraine PTOi8Ct A¢¢ountancy fees Total for 2023 150 37,200 1$0 37.200 2,660 69,030 2,000 4.523 69.030 2,000 4,523 3.799 1,376 198 17,899 4.338 3,799 1,376 17,899 4,338 138.550 4.589 143,139 Page 19

Taunton Vnit•d Rgfomiod Church NotOS to the FI￿ntIal Statsmènts for thè Yèar Ended 31 D￿eMber 2024 {contlntsod 7 Other èxpenditurè Unrestricted Restricted lunds funds Total 2024 Other resources exp8nd& S,208 5,212 5,20B 5.212 Unrestrlcted funds Restrlct•d funds Total 2023 Other reS￿￿ets expended 2,234 16 2.250 2.234 16 2,250 8 Twsto•s romun•ratlon and •xp•nsgs The Charity considers key management personnel to comprise of the Trustees. No trustees. nor any persons connect&J wth them. have received any remun8rab.on from the ¢hgrty during the y8ar_12023 - Nil No Iru5tee5 have rece￿￿ any reifflbursed expenses from the charity during the year.12023- Nil) 9 Stsff costs The a9gwate payroll C￿1 wer• $ folkm: 2024 2023 Gro88 8alaT 8,775 The rnonth￿ average number of persons ernployed by the charity during the year was as folky￿.. 2023 No No No ern￿OYee received emduments of more than £60,000 during the year The total employee benefits of the key management personnel of the charity were £Nil {2023- £Nill. Page 20

Taunton Unlted Retomi•d chU￿h Not•s to the Flnanclal St•tsm•nts for thg Y•ar Ended 31 D￿eMber 2024 (contInu￿) 10 Ind•pMdont examlnerfs r•munvatk>n 2024 2023 Independent examination Payroll and othor seM¢es Oth•r sèrvires 3.729 3,624 534 180 144 4,581 4,338 11 Flxed asset Investm•nts Held by tho Synod Tnmtees Total Cost or Valuafjon At 1 JanLFary 2024 Revalualwjn 611,860 19,832 Al 31 December 2024 631,692 Net book value At 31 December 2024 631,692 At 31 De¢•mber 2023 611.860 Invostmonts at hlr valuo comprIs￿. 2024 2023 Unrfrstrlctsd 85,849 COIF Ethical In¢om• Share8 148.394 Epworth 265,497 173,621 258,4C6 166,023 R•strl¢t•d POOR {Church Charftiesl 767 COIF Ethical Income Shares 2.373 2.310 Endov4mgnt 61,502 COIF Ethical In¢om• Shares 190,201 185,121 631.692 811.880 Pap 21

Taunton un￿ed Refomwd Church Notes to th• Flnanclal Stst•m•nts for th• Yoar End￿ 31 D¥cember 2024 (Contlnuedl 12 D•btors 2024 2023 NSB interest Grft ah COIF invgstmgnt Other debtors Memorial hall rent Synod invostmant incom 582 3.597 3.259 600 1,£67 1,750 11,455 4.608 3,244 652 4,737 13,887 13 Credltor4: amounts falllng d￿* wlthln one yeal 2024 2023 Other creditors A¢¢ruals 1,790 3,775 s,￿5 4,431 5,875 Page 22

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Taunton United Reformed Church Notes to the Flnanclal Stat•m•nts for th8 Y•ar End•d 31 Doc•mb•r 2024 l¢ontlnued) 15 Analysly of net assets between funds Tt)lal funds at31 Unrestrktsd Restr1¢t￿ Endowmerkt December funds funds funds 2024 Fix•d asset inve5trnenls Current assets Current li)ilitieg 439.119 153,330 5,875 2.372 1,395 190,201 631,892 154,725 5,87S Total nel assets 586.574 3.767 190,201 780,542 Total fund¥ at31 D8comb•r 2023 Unrestrkt¢d funds Restrlcted Endowmgnt funds tunds Frxed a38et investments Curient assets Current liabilibes 424,429 183,152 5,565 582,016 2.310 1,481 185.121 611.860 164,833 15,5651 770.928 Total nat asssts 3,791 185,121 16 Related party transactlons Dvring the year the Charty made the folkning related party I￿SactiOns.. Work-Wls• Sheena Helliar, a trustee of Taunton United Reformsyd Chur¢h, 1$ also a tru8lee for ￿￿k-wISe. During the year, Taunton United Refomi•d Chur¢h made a donation to Work-wise totalling £2.000 12023.. £2,000). At th& tr18lan¢e sheet date the amount due tolfrom Work-WB¢ wos £Nil12023- £Nill. In thè absence of a minister, Sue Ingham, a Iruslee, took 712023.. 71 seNces during 2024 We paid her the standard pulpit fvg of £40 for each 3ervice gmng a Iclal paid of £28012023.. £2801. She was not paid any travelling or other expon$e$ 8s8OCiated with these services wtaich %%ruld be paid to srting ministers. In the absence of a minister. Clare Callanan, the spou$e of a trustae. toc* 15 12023.. 18) servKes during 2024. Wa paid her th8 standard pulpit fge of £40 for each service giving a total paKI of £600 12023.. £720). She was not paid any travelling or clher expenses associated wfth these seNcès vthi¢h wouw be paid to wsits.ng ministers. Page 25