TRINITY-HENLEAZE UNITED REFORMED CHURCH FINANCIAL STATEMENTS 31 DECEMBER 2024 Charity Number 1130485
TRINITY-HENLEAZE UNITED REFORMED CHURCH REFERENCE AND ADMINISTRATNE INFORMATION YEAR ENDED 31 DECEMBER 2024 Trinity-Henleaze United Reformed Church Ch 1130485 Prina al Addr Waterford Road. Henleaze Bristol BS9 4BT ntT Mrs Christine Ann Hyland Mrs Carolyn Sims Mrs Ajison Rugg Mr John Searte Rev Neil Thorogood Mrs Leoni Budd Mrs Jennifer Pearcy Mrs Jean Ashford Mrs Monica Rudston Inde en nt Examin Paul Brown FCIE DChA, 2 Ger y Mynydd. Hirwaun. Aberdare. CF44 9RD
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees have pleasure in presenting their pOrt together the financial statements of the Chaiity for the year ended 31 December 2024 Aim and Purpose The objective of the Charity, as set out in the goveming dOrnent issued by Untted Refonned Church, is the advancement of the Christian fatth for the benefft of the public in accordan wth the Scheme of Union of the United Refonned Church. Thech 's Activrti Trinty-Henleaze United Reformed Church (URC) offers the oppothnity of Christian worship to all. We are an open and welcoming congregation. We aim to be a lively rA)mmunty of people who encourage one anolher to live out our Christi3n faith in the worSd and make an enriching contribution lo the ojmmunities in whith we live. These do through: Worship and Prayer. leaming about the Christian Gospel and reflecting on the challenges of faith in the modem context. Pastoral care and communty involvement people living in the area. Missionary and outreach work. Achievements and Perfom)ance Pra We continued to keep in touth as a congregation thr(gh the delivery of service sheets, semlons and a weekly fleclion by our Minister entitled Companions on the Way. On the first Sunday of the month Holy Communion was celebrated. Our vrshIp has evolved to meet a wider range of need induding a monthly Faith in Foojs Servi based around discussions and a monthly early evening Taizè reflective service Our services included a period of worship with the thildn and Yng people present. who then leave the 8dult cOnggatIon and go to their classes in the Junior Church. Worship and teaching in the Junior Church is led by volunteers from the congregalion. For chIldn under the age of 3 year5 a crèche is offered during Sunday worship. We welcome people seeking Baptism and the celebration of Marriage. We offer a religious service of blessing to heterosexual and same-sex couples who have entered into marriage or Civil Parknership We support people at times of bereavement and welcome Ihem for fvneral services. We hold an annual memorial service for those who have died. which often sees families retumin9. and is an opportunty for us to offer much pastoral care and supporL A regular Prayer Meeting now entitled Thought for the Day and led by different members of the congregation is held On Friday momings and runs alongside our coffee moming
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2024 The Elders of the Church look after groups of Members and other regular attendees. At the monthly Elders Meeting, the Elders advise of any partiajlar matters of pastoral COnM in order that such concems a shared and people are offered support. Our Minister regularly visits members and friends of the congregation. especially those who are in hospital or experiencang times of particular need. We are also blessed wllh many supportive friendships and informal netwo$ auoss the COngreglOn. There are several weekSy groups vthich the Churth nornplty organizes. These indude Tea and Chat, a drop in for anyone on a Tuesday aftemoon and Friday moming coffee. which is also open to anyone. Twice a month at the Friday moming coffee. we also welcome TEA AND TECH v4ho offer free support for computers and mobile phones for anyone who needs IL All of these offer a caring. ftiendly and supportive welo)me to people in the local communty. Singing to Remember (Fonnedy Singing for the Brain) a support group for those wth dementia and their carers meets in person on 1s( 3rd and 5th Thursday aftemoons each month. The Art Group meets weekly on a Thursday and is growing. The main Church is also open on Tuesday and Friday momings for prtvate prayer and wntemplation. INe joined the national campaign to offer warm welcome spaS during the winter month. Our wam) welcome Spa ran through January to March and we relaunched it in November 2024. These groups are entilY run by volunteers from the church and local communty. We continued occasional walks for the congregation and friends. We publish a Monthly Newsletter which is available to the congregation and anyone who visits the Church. The Newsletter informs everyone of imwrtant matters affecting our Church. infomiation about forthcoming events and contains artides to help develop faith and beliets. It is available in electronic form and hard rnpy. We have continued to maintsin the excellent facilrties y provsde to the communty groups vtho use our faciltties. Building a relationship wtth user groups is part of our Ca for people and the local wmmunty. As part of reflecting on our Church's lrfe and wod(. we deliberately invited all our users to tell us how they found our facilities and this has provided an affimption of the quality of our buildings and hospitaiity. but also helped to identify areas we can develop. We continued to develop our connections with the annual 'Henleaze Christrnas Festival.. This year saw many more Church members helping to provide a wrde range of craft actNities. prayer spaces and opportunities for reflection alongside the festival evening. This outreach also SU]Ied in greater numbers attending all of our Christrnas acts of worship. Our website. h '.IIww¥V rini rc k (thurc.org.uk) is maintained with upto4ate infomation about the lrfe of the Church and the opportuntties our buildings offer to the local community. We continue to use Facebook and other social media to share the life of the Church. We have devoted significant time to discussing ways in which all of our publi(?ty (website. social media and literature) can continue to develop as we move forward ion and Outr Elders and the Church Members continue to work to develop the vision and mission of the church. Throughout 2024. building on reflections in 2023 tsvo task groups have wothed hard to shape proposals for the significant development of the mission and outreach of our Church. These proposals will re[ve fvll and careful consideration by the Elders and Church Meeting in consultation wth the South Westem Synod of the URC in the early morrths of 2025 We have develo@ our use of YouTube to ensure that our worship ServIS a available both as a Itve stream and recorded for anyone to access. Wrth the support of a Synod granL we ueated over 90 A1 full cover posters for use as our wayside pulpit and these are now being rotsted on our extemal display boards communicating something of our lrfe and faith wth the local communty
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 TWI a month. we have retiring {lleCtionS at Sunday SeNices through whith voluntary donations are made to a variety of charitable causes and Commitment For Lrfe (the URC'S scheme for supporting Christian Aid). The charities V support are nominated and selected by Churth members and adopted by the Church Meeting on an annual basis. We held a successfvl C£Jffee moming supwrting the Macmillan Cancer Charity. In addition, we held a Christian Aid Week Coffee Moming. The Church and Communty buildings are used extensively by many different communty groups and a rich variety of events. Users indude. Henleaze cOnrt SoCies var audience of 250 people. Concerts and rehearsals by soloists. orchestrds, choirs. ensembles. local sch¢)ol groups offer a rich and varied musir21 programme throughout the year. Every week:. Rainbows and a Brownie pacK sports clubs, dance and exercise gff>ups, flower arrangers. art and craft groups, coffee momings for the eldedy, health and well-berng support groups and IT support group for the wider public. Diverse U3A groups meet regularly in our premises. All these activities provide the opportunity to develop neOrkS of friendship and build a sense of community. The Bristol Child Contact Centre use the premises a month, supporting contact between children and their separated parents in a safe and affinning setting Stsffed by volunteers both local and from the Church. A variety of one-off events of community and charitable nature. The buildings are available for hire for ptivate functions too and at the end of 2024 we embarked upon an advertising campaign to highlight tr1r availabilty. We have reseNed Tuesdays, Fridays and Sundays for Church worship and outreach actsvibes as we continue to develop our lrfe and vnrk. We a registered as an Eco Church and are intending to seek an award in 2025. We continue in our commitment to providing recycling faaltties in the buildings and we also have solar panels vthich generdte some of the electricAty we use and export some to the natiorkgl grid. We are also a Fair-Trade Church. Finano and Pro The Church has a Finance and Prcpety committee. dra%Yn from the Church membership and congregation. They ensure the buildings are maintaTned to a high stsndard and a ¢X>mpliant with current Health & Safety Stsndards and current Fire Regulab'ons. We employ a Health and Safety c¥)mpany to assist with this. We also have a contract with a rnpanY to provide HR supF¥)rL The Bradbury Hall, Coffee Bar and Meeting rooms and the Church House offer great facilities in the centre of our community. The buildings are equipped to a high standard. They a maintained in a good state of repair and cleanliness and we offer a high level of se1Vt to all who come to use the buildings. In 2024 we continued to restrict maintenance work to essential tasks On as our incA)me continued to be seriously impacted post pandemic. Public Benefft The Trustees have (x)mplied with their legal duty to have due regard to public benefft guidan published by the Charity Commission.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 Financial Revsew The Trinty-Henleaze URC Reserves Policy is described below. taking into account the security of our iwo main income streams: regular giving and lettings. Regular Giwng We have a large number of church members who support the lrfe and work of our church via either weekly, monthly or annual standing orders and one-off donations. This is an invaluable and pdICtable income stream and therefore is accounted for in our tslculats'ons. In response to the clear information we shared with the congregation, this regular giving increased through 2024 and is being sustsined at th higher level. Letbngs Our lettings income is derrved from a large number of varied user groups across our tsvo buildings. This has been a reliable stream and therefore is ac(x>unted for in our calcJJlations. 2024 saw lettings Inrne recovering towards pre-pandemic levels. Income from Legae$ and Grants During the year 2024, the Church re(ived legacies totalling £1,000 from the estates of fomer members and friends. We received grants totslling £16,570 from Ihe South Westem Syncrfj of the United Reformed Church (URC). Expenditure on Buildings and Repairs In 2024, £21,230 was spent on buildings rnaintenan and repairs. This induded £6.650 on essential repairs to the Manse roof and £3.755 on a plaCernent zip t)oiler in the Bradbury Hall. roof. Capital Expenditure on Fixtures, Fittings & Equipment No expendrture was caprlalised during Ihe year. Reserves Our total annual expenditure amounted to £133.822. At the yearnd date, free reserves amounted to £146,474 represented by net current assets of £174,614, less restricted and designated funds of £28.140. This is in excess of the reseNes wlicy. The Trustees acknowledge trot excess fvnds are being held by the Charity. The Trustees are mindfijl that this ex represents a rebuilding of our reserves in accordance with the reserves policy. Further. allows us to allocate an ongoing Maintenance budget for preventative maintenance to look after the buildings to a high stsndard. Under our Forging the Futu flections, The Trustees recognise the may be Signifint expenditure in collaboration wth the South Westem Synod, subject to deasions to be taken in 2025. The Trustees continue to (2)nsider that an appropriate and prudent serveS policy should be that reserves, as represented by net current assets. be maintained at £70.000. Structure. Governance and Management Min The goveming document of the Church is Trusts disti15ed from ts United Refomed Church Acts of Parliament (1972 and 1982) and the Scheme of Union {1972). ointrnent of Trustees The Trustees cUentlY consist of the Minister. the Secretary and SeNing Elders. Elders are appointed by the Church Meeting and serve for a period of three years. On completion of that period, they are eligible for - electton for a further three years.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 At the end of this periixj. they retire for at least one year. befo becAxning eligible for re-election. The Treasurer and Secretary are appointed by the Church Meeting. The Churth Meeting, rnmprised of all friends and Members of Trinity-Henleaze URC who choose to attend. is the decision-making body of the local Church. However. only Church Members are entiued to vote. The Church Meeting can delegate some decision making to Trustees. Finan and Propety Committee and Staff in Posttions of responsibilty. Decisions relab'ng to significant changes to Church buildings a taken in nsUltatiOn with the Propety Trustees, who are the South Westem Synod Tnt (Inc) of the United Reformed Church.
TRINITY-HENLEAZE UNITED REFORMED CHURCH TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 Statement of Trustee5' Responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordan with applic2ble law and United Kingdom Accounting Stsndards induding Finanaal Reporttng Standard 102: The Financial Reportbng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting practi). The law applicable to charÉtiès in England & Wales qUireS the Trustees to ppare financial statements for each financial year which give a true and fair view of the sL3te of affairs of the tharity and of the income and expenditu of the chanty for that period. In preparing these financial ststernents, the Trustees are required to: select suitsble accounling poliues and then apply them consistsntly: observe the methods and principles in the Charities Statement of Recommended Practice {SORP)', rnake judgments and aox)unting estimates that are reasonable and pruden( stste whether applicable UK Ac¢ountiro Stsndards have been followed, subject to any material departures disclosed and explained in the finanaal ststements: and prepare the financial ststements a going concem basis unless it is inappropriate to presume that the charity will conlinue in busin&. The Trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedInstItutIon. They are also ponsIble for safeguarding the assets of the charity and hence for taking reasonable steps for the pventIOn and detection of fraud and other iwularities. Approved by the Trustees and signed on their behalf by: Rev Neil Thorogood Chairman of Trustees Date 25th June 2025
TRINITY-HENLEAZE UNITED REFORMED CHURCH INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs Report to the Trustees of Trinert1eaze United Refornied Church I pOrt to the Trustees on my examination of the a(Unts of the Trinty-Henleaze United Reformed Church for the year ended 31 December 2024. Responsibilities and basis of rEPOrt As the charty Trustees of the Charity you are resFK)nsible for the preparation of the accounts in accordance wrth Ihe qUirements of the Charitses Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in canwng out my examination I have followed all the applicabFe Directrons gtven by the Charity Commission under section 145(51(b) of the Act. Independent examinerfs statement I have completed my examination. I confim that no material matters have Come to my attention in connection with the examination giving me Cause to believe that in any material peCt. accounting records were not kept in respect of the Charity as wuired by section 130 of the ACL. or the accounts do not accord with those records,. or the a¢wunts do not wmpty 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 8 Yrue and fair view whic*t is not a Matter considered as part of an independent examination. I have no Con(m$ and have (x)me atxoss no other matters in connection 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. Paul Brown FCIE DChA. 2 Ger y Mynydd. Hirwaun. Aberdsre, CF44 9RD Date 25th June 2025
TRINITY HENLEAZE UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACTivmES YEAR ENDED 31 DECEMBER 2024 Unrpstricted Restricted Total funds Total funds Funds Funds 2024 2023 Notes Income and endowments from= Donations, legacies and grants Other trading actwities Investment income - Interest & DivMJends 61,179 83.297 3.211 27,627 88.806 83,297 3,211 175314 79,982 56,331 1,932 138245 Total income Expenditure on: Charitsble activities Ministry 129,729 4.093 133,822 195,577 Total expenditure 129 729 133822 195 577 Gainsl{losses) on investments 11 6,023 Net income l (Expenditure) before ransfeT5 19,806 43,340 (51,309) Transfers between funds 13 1,209 (1,209) Net movement in funds 21.015 22,325 43,340 (51,309) Reconciliation of funds: Total funds at 1 January 2023 (as Previousty stated) 15 222,652 Prior year adjustment 15 (8,147) Total funds at 1 January 2024 13 158.381 4,815 163.196 214.505 Total funds at 31 December 2024 13 206 536 The company has no recognised gains or k)sses other than Ihe results for the year as set out above. Al of the activibes of the COTnpany are classed as continuing. Comparative fund movements are strK)wn in note 8 The notes on pages 11 to 21 fomi part of these financial statements
TRINITY HENLEAZE UNITED REFORMED CHURCH BALANCE SHEET ASAT31 DECEMBER 2024 Company registration number 03896636 2024 2023 Notes Fixed assets Tangible assets 31.922 45,173 Current assets Debtors Investments Cash at bank and in hand 10 11 3.986 96.797 Tl.417 178,200 726 93,701 27,419 121.846 Liabilities Creditors: Amounts falling due withn one year Net current assets 12 3.586 174,614 3.823 118,023 Total net assets 206,536 163,196 Funds Unrestricted funds General funds Designated fvnds Restricted funds 14 14 14 178,396 157.381 1,000 4,815 27,140 206,536 163,196 These financial ststements were approved by the trustees on 25th J une 2025 and are signed on their behalf by: Neil Thorogotsj Chairman of Trustees Isobel Hodgkinson Treasurer The notes on pages 11 to 21 fomi part of these financial statements 10
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TOTHE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Accounting Policies The financral statements have been prepared in a(wrdance with the histoal cost convention (expt as stated tn the accounting polw note relating to investments) and in acrdance vrith the Statement of Recommended Practice." AccL)unling and Reporting by Charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) issued in October 2019, and the Finanaal Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), and the Chaiities Act 2011. The accounts (financial ststements) have been prepared to give a and fairf view and have departed from the Chartties (AC)untS and Reports) Regulations 2008 only to the extent required to proVe a Irue and fair view. This departure has fftvolved followng Accounting and Reporting by Charities: Statement of Recommended Practi appable to charities preparing their accounts in acojrdance with the Financial Reporting Standard applLxble in Ihe UK and Republ of IreLand (FRS 1021 Issued in October 2019. Taking account of the chuh,$ financial position. the Twstees Consider that the a¢xountS Should continue to be prepared on a going concem basis. The Charity eonstitutes a public benefrt entty as defined by FRS102. Funds General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application for the general purposes of the Tnjstees. These include funds designated for a particular purpose by the Trustees. Restricted funds are those derived from gifts and grants which are restricted to a particutar purpose. Income All income is recognised once the Church has entillement lo the income, there is sufficient certainty of receipt and r( is therefore probable that the income will be reNed. and the amount of income can be measured reliably. Income from donations Planned giving re1vable by standing order is Eo)gnised when received. Collectn$ are recognised when reiVed by or on behalf of the Tru*ees. Grft aid is accrued on donatn$ then there is a valid declaration from the donor, and accounted for in the year to hl¢h the giving relates. Any gift aid amourit recovered on a donatb)n is treated as an addftion to the same fund as the inttial donation unless the donor orterms ot Ihe appeal have stated othemtse. Grants Grants to the Church are induded in the Stalement of finanoal Actiirities when the Church becomes entitled to the income, thts being en it is probable that the income will be received, and the amount can be measured reliably. Legacy income Legacy income is recognised when receipt is probable, that is. Kthen there has been grant of probate. the executors have established there are sufficient net assets to pay the legacy, and any conditions attached have been met or are in the control of Ihe thurch. 11
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 Accounting Policies (continued) Donated goods, facilities and services Donated goods. facilities and seNices are rewgnised as income wth an equivalent amount recognised as an expense, except for the contributb)n of volunteers thich it is ¢xnsJdered impract¢al to refiably measure for accounting purposes. The donated goods. facilities and serViS are recognised on the basis of the value of the grft lo Ihe Church Ès the amount that the Church woukl have been willing to pay to obtain such *Nices or taafrties of equrvalent enoMiC benefit on Inveslmerrt income Dividends and interest are accounted for when re1Vable. Other income Income to cover the o)st of church events is accounted for gross. rather than being netted off against related costs within reported expenditure. Rental income from the tting of the church buildings is recoqnised when the rental is due. Realised & unrealised gains and losses All gains and losses are taken to the StateffEnt of Financial Activittes as they arise. Unrealised gains and losses on investments are calculated as the difference between the fair value at Ihe year end and their carrying value. Realised gains and bsses on investments are cathiated as the difference between sales proceeds and their opening carrying wakne or their purchase value rf acquired subsequent to the first day of the financial year. Realised and unrealised investment gains and lo&ses are combined in the Statement of Financial Activities. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commrtting the Charity to that expenditure, it is probable that settlement will be required and the amunt of the oblgation can be measured reliably. Expenditure is acwunted for on an accruats basis. indusive ol any VAT lch cannot be ref))vered. The majority of costs are directty attributable to the specrfic chaiilable activities. The support costs have been apportioned to the activttses 01 the Chanty on the basis of usage of reSoUrs, this is thought to represent a reasonable representation of the level of support required for each activity. Govemance Govemance costs represent the expendrÉure related to statutory requiremenis such as audit or independent examination and tegal advi. They have been inctuded wihin support costs relating to charitable activities. Fixed Assets Land and Buildings The Church does not the buiklings including the Manse. these are held and owned by the Synod. As a o)nsequen¢e Ihe properties are not considered to be controlled by the chu and therefore aE nol heid on the Church's Balance Sheet. Vlhen building and maintenance work is carried out on these properties by the Church. thks is expended out of funds through the Statement of Financial Activities as incurred. Other fixtures. fittings and office equipment Fixtures, fittings and equipment including IT costing over £1.000 are caprta5ed and inittally valued at cost. Depreciation ts provbjed on tangible assets at rates calculated to lte off the cost, less estimated resK4ual value of each a&%et. over its expected useful lrfe as foll0v. FlureS & Ffftings Stratght line over 5 years at 20 /0 Equipment StraNJht line over 5 years at 20 /0 12
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Accounting Policies (continued) Trade debtors ArTrJunts owing to the Chaiity at 31 December in respect of fees. rents or other ncome are measured on initial recognition at setttemenl amount after any trade diSunts or amount advanced by the Charity. Subsequently. they are measured at the level of cash or other cons&Jerdtion expected to be received. Inveslments Investments are held for the continuing benefit of the chaiity. Fed interest investments are measured at cost less impairnient. Investments which are pubficty traded in an active market are measured at fair value. on the basis of market value. Cash at bank and in hand Cash at bank and cash in hand indudes cash and short te highiy U1 investments wth a short maturity of three months or less trom the date of acquÉsitDn or opening of the deposti or similar account. Credltors and provisions Creditors and proviqions are recognised when the Charity has a present oblKJation arising from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or eslimaled relobly. Liabilities are measured on recognrtion at Iheir historical cost and then subsequently at the best estimate of the amunt required to setlk the obkngation at the porting date. 2 Income from: Donations, legacies and grants Unrestricted Restricted Funds Funds Total 2024 Donations G rants recerrfed Legacies Income tax recovered (gift aid) 48,072 11,057 16,570 59,129 16.570 1,000 12,107 1,000 12,107 ioryear comparative Unrestricted Restricted Funds Funds Total 2023 Donations G rants receNed Legacies Income tsx recovered (gift aid) 42,226 12,835 13.000 55,061 13.000 3,300 8.621 3,300 8,621 54.147 25.835 13
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 3 Income from: Other Trading activities Unrestricted Restricted Funds Funds Total 2024 Total 2023 Church Lettings Church Events Miscellaneous 74.959 7,627 711 74,959 7.627 711 54,943 917 471 83,297 AEI other trading activities in 2023 were unrestrtted 4 Expenditure on: Charitable activities Unrestricted Restricted Funds Funds Total 2024 Total 2023 Grants and donatDns made Charitable donations Inisterial costs: URC Ministry and Mission fund Ministy expenses Manse rates and repairs Direct costs of church activrtses: Joint pastorate costs Church events Insurance W0h[p Pulpft suppty Support costs Water and Rales Building maintenan Depreciation canIng Heat and [ht Licenses Photocopierlcomputer Printing. postage & stationery Telephones Admin and costs Other running costs & expenses Professronal fees Independent examinels fee Independent examineVs fee - prior year overlunder accrual 113 4,093 4,206 14,341 23,282 332 6.651 23,282 332 6,651 49,496 328 18,098 4,200 4,200 2,800 10,032 10,032 4,683 258 8,925 3,391 618 258 1,407 14,579 13,250 5,206 9,723 736 1,254 1.330 943 23,160 5,261 3,493 550 1,407 14,579 13.250 5.206 9,723 736 1,254 1,330 865 28,467 13,250 5.787 11.281 691 1,485 1,238 879 23.777 4.071 3,635 2,154 23.160 5,261 3,493 (714) (714) 129.729 4,093 195,5TK charitab donations are donations de to other charitable organisath3ns which fvrther the obieets of the charty. Atl charitable activities expenditure in 2023 was unrestricted except for £14341 restricted expendtture for charttable donationslgrant funded activitEs. £3.000 for Buing maintenance and £297 for other running costs and expenses. 14
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 5 Net incomel(expenditure) for the year Total 2024 Total 2023 This is stated after charging: Depreciation Independent examiners fees 13,250 550 (714) 13.250 960 1,194 - for independent examinatM)n prK)r year overlunder accrual Expenses paid to Trustees during the year were £nil {2022: £nl). No other remuneratK)n or beneffts were paid to Trustees in either the current or preceding year. 6 Staff costs and numbers Total 2024 Total 2023 The aggregate payroll costs were: Wages and salaries Employer's Pension Contributions 29.421 13,729 19 No employee received emoluments of more than £60,000 during the year (2023: none). During 2023. the average weekly number of staff employed was 3 (2023: 3). calculated on the basis of aveftge headcount. The total employment benefits received by key management personnel for ther SereS to the charty was £14.130 (2023". £11.739). Aggregate donatnS received from trustees, key management personnel and other reL4ted parties during the year a$ £6,780 (2023: £4.055). 7 Taxation The charty ts exempt from corporatK)n tax on its Charitab actfv*itEs. 15
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 DECEMBER 2024 8 Statement of Financial Activities comparative figures Unrestricted Restricted Funds Funds Totsl 2023 Income and endowments from= Donab'ons, legacies and grants Other trading actNities Investment income - Interest & Divmdends Other income - Insurance claim 54,147 56.331 1,932 25,835 79,982 56,331 1,932 Total income 112.410 25.835 138.245 Expenditure on: charitab activities MinEtry 177,939 17,638 195,577 Total expenditure 177.939 17,638 195,577 Gainsl(losses) on investments 6,023 6,023 Net inrne l (Expenditure) before ransfers (59.506) 8.197 (51.309) Transfers between funds 6,333 (6.333) Net movement in funds (53,173) 1,864 (51,309) Reconciliation of funds: Totsl funds at 1 January 2023 (as Previously ststed) 219.701 2,951 222,652 Prior year adjustment (8,147) (8,147) Total funds at 1 January 2023 211,554 2.951 214,505 Total funds at 31 December 2023 158.381 4.815 163.196 16
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 9 Tangible fixed assets Fixtures & Fittings Equipment Total Cost At 1 January 2024 23,876 42,374 66,250 At 31 December 2024 23.876 Depreciation At 1 January 2024 Charge for the year 9,551 4.775 11.527 8.475 21,078 13.250 At 31 December 2024 14.326 Net book value At 31 December 2024 22.372 31,922 At 31 December 2023 14.326 45.173 10 Debtors 2024 2023 Trade debtors Other Debtors 3,986 726 3,986 728 11 Investments 2024 2023 Portfolio-held investrnents Charities Ethical Investment Fund Fed Interest Charity Bank Churches Mutual Credit Union Virgin Money 69,187 67,339 26.233 301 1,076 25.000 300 1,062 96,797 93,701 The Charities Ethi¢[ Fund invests mainty in equities but also in propety. bonds and other asset dasses. 2024 2023 PortfolK)-held investments Market Value at 1 January Gainsl(Lows) in investments 67.339 1,848 61,316 6,023 Market Value at 31 Dernber 69.187 67,339 17
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TOTHE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 Creditors. amounts falling due within one year 2024 2023 Accrued expendrlure Other creditors 550 3.036 2.154 1.669 3,586 3.823 13 Movement in funds At 1 Jan 2024 At Income Expenditure Transfers 31 Dec 2024 Restricted funds British Red Cross Carer's Group Christian Atd Commitment For Lrfe Community of the sisters- Contact Centre Disasters and Emergency Committee Flower Fund Macmillan Nurses Others Fund ReTniniscence Group SB/STR St Mungo MarS Meals Love Bristol Wetfare Fund Synod - Facelift grant 746 (990) 244 525 525 (909) (718) (20) 224 22 724 20 85 28 (795) 159 37 37 434 85 (567) 133 150 36 7,596 447 161 2.625 6,962 447 161 (1,992) {95) 23 1.505 1.505 16,570 16,570 4,815 27,627 (4,093) {1,209) 27.140 Unrestricted funds General funds Henleaze @ Heart fund 157,381 1,000 147.687 (129.729) 3,057 178.396 1,000 158,381 147.687 {129.729) 3.057 179,396 Total Funds 163.196 175.314 133.822 Transfers from general funds have been made to eliminate overspends in the restricted funds. 206.536 Transter from SB/STR presents core costs alk)cated to project. 18
TRINITY HENLEAZE UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Movement in funds (continued) At 1 Jan 2023 Trdnsfers At Income Expenditure and gains 31 Dec 2023 Prior year MParativeS Restricted funds Borderlands Breadline Africa- Bristol NW Foodbank Carefs Group Christtan Aid Church Action on Poverty Commitment For Lrfe Communty of the sisters- Contact Centre Disasters and Emergency Committee ower Fund Macmillan Nurses Others Fund ReminienCe Group Samaritans SFf8lSTR St Mungo St Peterfs Hosptc The Big Give Blythswood WeKare Fund Synod - AV System Synod - Garden (55) (55) (660) 55 353 307 525 525 1,509 (1,886) 377 (1) 108 342 402 643 502 (428) (478) (1,877) (1.383) 76 798 881 436 37 37 557 81 (674) (101) 117 65 36 {135) (1,646) (2,095) (103) (1,175) (887) (1.000) 27 4.271 1.835 102 506 732 1.000 10,000 3,000 2,625 260 669 155 1.505 1,505 (10.000) (3.000) 2,951 25,835 (17,638) (6,333) 4.815 Unrestricted funds General funds Henleaze @ Heart fund 210,554 1.000 112,410 (177,939) 12,356 157,381 1,000 211.554 112,410 (177.939) 12,356 158,381 Total Funds 214.505 138.245 195 577 163.196 Restricted fund descriptions British Red Cross - The Red Cross provides intematK)nal aid to he Peop around the wt)rkl in emergencies Carers, Group - A support group for people in the Henleaze Aa vtho f2re forthe needs of an ageing or dependent family member or friends at home. Christian Aid - Christlan Aid is the official relief and devek)pmenl agency of 41 British and Irish Churches. Commitment for Lrfe - Worid development program ol the URC. Communty of the SIste- Supports those in need because of homelessness, povety, addiction or illness 19
TRINITY HENLEAZE UNITED REFORMED CHURCH MANAGEMENT INFORMATION YEAR ENDED 31 DECEMBER 2024 13 Movement in funds (continued) Restricted fund descriptions (continued) Contsct Centre - A place for chibjren to meet 4Mth parents after relationship breakdo. Disasters and Emergency Committee - funds raised to be sent to this tharity leh o)ordinales and launches collective appeals to raise funds to provide errErgency aid and rapKI relief to peopie caught up in disasters and humanitarian crises around the rkI. Flower Fund - Trinty-Henleaze Unrted Reforned Church fund to provide fk)wers in church. Macmillan Nutses - funds raised to support the charity whith provides specialtst canrEr nueS vtho support patients living with cancer. Marls Meals - Providing chiklren Kryth a meal during the school day. Others fund - RepSentS funds received frorn local charities to cover the church's administration expenses. Reminiscen Group - A meeting group to support okler membe[5 of the Church and the local community. Singing to Remember- Stnging group for peopte wfftth dementia. St Mungo - A charity helpng the homeless. Welfare fund - Dtscretionary church fund. Synod Facelift - Grdnt provided by the URC South West Synod to replace and improve boilers Designated fund descriptions Henleaze @ Heart - These funds have been set asKle by the Tru*ees for ernergency communty projects. 20
TRINITY HENLEAZE UNITED REFORMED CHURCH MANAGEMENT INFORMATIO YEAR ENDED 31 DECEMBER 2024 14 Analysis of net assets between funds At 31 December 2024 Fixed Other assets Net assets Total Unrestricted funds General funds Designated funds Restricted funds 31.922 146,474 1,000 27,140 178,396 1,000 27,140 31.922 174.614 206.536 Fixed Other assets Net assets Prior year compartive Total Unrestricted funds General funds Designated funds Restricted funds 45,173 112.208 1,000 4,815 157,381 1,000 4.815 118023 163.196 15 Prior Year Adjustment In 2022 income from lettings was overststed. A prior year adjustsnent VRS made for amounts relating to previous years which were not recoverab 21