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¢tr*r the financial st*gm•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 ¢orrfJreg*bn
. 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 HoL*e
• 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 ordinat*Jn 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• Go*p•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 expk*rfng things rel*ed 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 k*al 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• ¢ongrtrJ*tK*n 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 8chK*ve 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 congregalK*n $uddènly during th* year. A long-$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$r*or has begn 8ppointed to hglp thg
¢hur¢l*s 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$e and also
upgraded the gas pipework here lo bring (t in line with current standards. We have al80 repaired the
side porch rrK*f in the church and carried out remedial works to the wall tehind the organ vknich had
suffered badly from a damp iSSLfe which we add¥essed previously.
Th• Quinquennial SUMJY was don• and th• finding$ 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 $et-aside lor this
purpose. In addtiKin to this to ensure that we arg abb to continue our &veryday runnin9 of the church
we feet that £30,000 - £35,000 should be availab￿ to cover a three month of running costs.
The church has Inve8trnenls that are hdd by The United Reform•d Chur¢h Isouth Westem Synod)
Incorporated. Thos t*Jdy of Twslees and Trust Off￿erS administer the Investments on behaw of
T8unlon United Refomied Church. Interest ond Inveslment income are very important swrces of
inc(*me necessary to help rneet the C￿1$ 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$"¢hur¢h TAUNTON D31
Workwise. Taunton
Work-wise, a job dub providing free Support and m¥ntoring for those Seeking work. has bo*n
s)perating sinGè April 1st 2014. It w8$ 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¥lrfic*K)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$t*es {Eldwsl Annual R•port l¢ontlnuedl
stst•m*nl of Tru8t••s' R￿Pon$￿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 Reforn*d 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 ¢xynd*d 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.
Tax*lon
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 partK*s.
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•m*nts
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

c4 co
co
jl¢-I :1:11
O CD
ooco

V)

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 %%r*uld 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