Charity Number 1130504 Avenue Saint Andrew's Southampton United Reformed Church Charity Report and Financial Statements Year Ending 31 December 2024 Contents Legal and Administrative information Page 2 Structure, Governance and Management Page 3-4 Objectives and Activities Page 4-5 Financial Review Page 6-7 Plans for Future Periods Page 8 Report of the Independent Examiner Page 9 Statement of Financial Activities Page 10 Balance Sheet Page 11 Notes to the Financial Statements Pages 12-20 Avenue St. Andrew's Southampton United Reformed Church Charity Trustees, Report for the year ended 31" December 2024 Legal and administrative information Avenue St. Andrew's Southampton United Reformed Church Charity is a member of the national United Reformed Church and is a Registered Charity (Number 1130504). It is also a member of the South West Hants Group of the United Reformed Church (SWHG) that includes:. Avenue St Andrew's URC Isaac Watts URC Addresses Avenue St. Andrew's URC, The Avenue, Southampton, S017 1XQ The United Reformed Church, 86 TavistOGk Place, London, WC1 H 9RT Trustees for the year ended 3111212024 being:_ S Dawson, A Gosling, M Howard, P Humphreys. Appointed 11112024:_ A Gosling Appointed 11112025:_ S Wallingford Reappointed 11112025:_ P Humphreys SWHG Ministers Rev'd Dr S Hall Community Worker Ms R. Gange Secretsry Miss S. Dawson Treasurer Mrs B D'souza Independent Examiners Fiander Tovell Limited, Chartered Accountants, Stag Gates House, 63164 The Avenue, Southampton, S017 1XS Bankers CAF Bank, West Malling, Kent TSB, High Street, Southampton. Avenue St. Andrew's Southampton United Reformed Church Charity st Trustees, Report for the year ended 31 December 2024 The Trustees, who are the Elders of Avenue St Andrew's Southampton United Reformed Church Charity, present their report and financial statements for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019 and guidance given by the national URC. Structure, Governance and Management The charity is called "Avenue St. Andrew's Southampton United Reformed Church Charity" and comprises all assets and funds held by and on behalf of the 'Avenue st. Andrew's Southampton United Reformed Church. other than properties held under the trusts declared in Schedule 2 of the United Reformed Church Act 1972 (as amended by the United Reformed Church Acts 1981 and 2000) and those held on other specifically declared trusts. The charity is governed under Trusts distilled from the United Refonned Church Acts (1972, 1981 and 2000) and Scheme of Union (1972). Those members of the Elders, Meeting of Avenue St Andrew's Church who are qualified to serve as charity trustees are collectively the Charity Trustees and are appointed and shall act in accordance with the procedures for the time being laid down by the Church Meeting of Avenue St. Andrew's Church which shall be in conformity with the Scheme of Union of the United Reformed Church. The Elders of the Church are nominated by four Church Members and their names are taken to the Church Meeting to be considered. If appointed they have an induction meeting with the Minister and are strongly encouraged to attend an annual training day. Elders are appointed to serve a three year term. The Elders meet regularly (at least 10 times per annum) under the chairmanship of the Minister in order to fulfil their obligations as Trustees of the Charity. The Elders are assisted in the governance of the Charity by a Management Committee of Elders and Members of Avenue St. Andrews. The prime objective of the Management Committee is:_ To assist the Elders in the responsible management of the Church's resources and to promote the principle of sound governance in all activities. Avenue St. Andrew's Southampton United Reformed Church Charity st Trustees, Report for the year ended 31 December 2024 The Management Committee consists of a minimum of five members of Avenue St Andrew's Church and will include the Minister, the Chair, the Church Treasurer, the Church Secretary and a church member. The Chair of the Management Committee is elected by the membership of the Church at the Church's Annual General Meeting. Objectives and Activities The charity considers it fulfils the requirements of charitable purpose and public benefit as set out in the Charities Act 2011. In reviewing its aims and objectives and in planning activities the charity has Gonsidered the Charity Commission guidance on public benefit. Aims and Objectives The aim of the charity is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church. The mission statement adopted by Avenue St. Andrew's is.. "Believing worship to be central to our lives we see our mission as continuing to grow, both as individuals and as a fellowship, so as to further our Christian service and witness within the community and the world. The charity has set the following objectives:_ Promoting the Christian Faith Teaching the faith to all ages. Providing training, nurture and activities for children and young people. Serving the community. Giving pastoral care and support to members and others in need, particularly those in sickness, distress or poverty. Providing premises and resources for community groups and activities. Activities and Achievements The church continues to meet its objectives through a range of church based activities. We continued with in person worship, but included live streaming where possible. We moved into the concourse for worship in colder months to conserve heating costs. ular Worshi Weekly Sunday worship. Joint worship activities with other church in South West Hants Group plus other churches in the Southern Fellowship. Bible Study and prayer groups Avenue St. Andrew's Southampton United Reformed Church Charity st Trustees, Report for the year ended 31 December 2024 Communit Links Avenue St. Andrew's is dedicated to providing good links with the community. As part of its outreach work the church supports a number of projects, including:_ The Avenue Centre SociallFitness activities for the over 60s The Avenue Multicultural Centre for asylum seekers and refugees Avenue Community Choir Monthly Coffee and Cake mornings Green Living Group, in cooperation with the Catholic City Centre parish. During 2023 one of the charities with whom the church works in partnership to provide the Avenue Multicultural Centre, the Southampton and Winchester Visitors Group, took over responsibility for its running, though the input of church members is still integral to the work. During 2024 we stsrted the prO￿sS of forming a new grouping with 5 other local URC churches to form the Southern Fellowship (replacing the South West Hants sl Group). The Southern Fellowship formally started 1 January 2025. We are continuing to employ a part time Community Worker to work broadening links between the church and the community. The Church also interfaces with the community through funerals and services of marriage and baptism and in doing so seeks to provide support, guidan￿ and comfort to members of the wider community. Links have continued with the local community Residents, Association. The Church has established a link with a Gemian Protestant Church in Winnweiler, South West Germany, and a group from Winnweiler visited Avenue St Andrew's in October 2024. th Several events were held in 2025 to celebrate the 350 anniversary of Isaac Watts's birth. These included services in the city centre and at Avenue St Andrew's, talks, an exhibition and a hymn writing competition. Grant Making Policy The Benevolent Fund is for small grants and donations at the discretion of the Minister of Avenue St. Andrew's. In addition, charities to receive donations from the Communion Fund are agreed annually by the Elders. Membership At the end of 2024 there were 57 members (2023 - 58 members). Avenue St. Andrew's Southampton United Reformed Church Charlty st Trustees, Report for the year ended 31 December 2024 Financial Review Financial Activities and Results There was a surplus for the year on Halls funds of £35,501 and a deficit on the remaining General Funds before investment gains of £34,266 (excluding transfers tolfrom other funds), giving a combined surplus on General Funds before investment losses of £1,235, compared to a budgeted deficit of £2,524. £1,500 was transferred from the Ministers Fund to the General Fund to part fund the core costs of the community worker. £545 was transferred from the Community Work Fund to the General Fund to part fund the core costs of the community worker. £156 was transferred from the Communion Fund to the General Fund for the work of the Community Worker. £100 was transferred from Legacies Fund to Avenue 2020 Fund to cover outgoings. There were net outgoings from the New AV fund of £2,396. £3,224 was transferred from the General Fund to SWHG Fund, but on closing the SWHG Fund £2,112 was transferred back to the General Fund. Unrealised gains on investment assets totalled £530. Unrestricted Church Funds carried forward at the end of 2024 were £154,629 and the total including the Halls Fund is £162,670. For the coming year, the Trustees approved the utilisation of reserves (legacies fund and general fund) to fund the following major projects:_ £1,500 for charitablelcommunity causes.(AMC) £11,340 to part fund Community Worker. £26,000 for building repairs. Major repairs to the church west end and tower have been completed. The cost of phase 1 has largely been met by grants from Heritage lottery, All churches Fund, Congregational and General Charitable Trust, and the Wessex Synod of the United Reformed Church; together with pledges and fvndraising by members and friends, and transferring funds from legacies. Our halls lettings have risen against our 2023 lettings, but are at a reduced level versus pre-pandemic. We do not see this returning back to pre-2020 levels in the near future. We will lose the rental income from the Avenue Centre during 2025. We continued to be impacted by high energy costs which meant we reviewed our use of the building and continued to move out of the sanctuary for Sunday services during the colder months. We are budgeting for a £28,170 deficit on the general fund for the year, mostly due to the building repairs scheduled as shown above. Avenue St. Andrew's Southampton United Reformed Church Charity st Trustees, Report for the year ended 31 December 2024 Policies Reserves Policy In considering the level of reserves the Trustees take into account the programme of expenditure for the major refurbishment of buildings, special projects and the objective of retaining general reserves at a level equivalent to six months of annual running costs. The balance of general reserves (£28,961 excluding Investment Revaluation Fund) equates to 3 months of running costs. We also have £79,000 uncommitted funds in Legacies. The second phase of refurbishment to the building has been put on hold indefinitely, but the remedial work needed is starting to become apparent. Investments Policy Other than a small holding in the Equities Investment Fund for Charities {Charifund) currently valued at £20,878 all other monies are held in Charity Aid Foundation and High Street bank accounts. Any monies surplus to current account requirements are held in interest bearing accounts. Review of Major Risks The Church Management Committee monitors the major risks to the Church throughout the year. The most significant risk relates to the security, safety and maintenance of buildings. There are no adverse factors in the community surrounding the Church that should adversely affect membership. However the Covid 19 pandemic has had major implications on building usage and rental income. In order to ensure the safety and welfare of vulnerable individuals using the Church premises, the Trustees have developed and implemented a Safe-guarding Policy. Recognising the high level of usage of the Church premises by a wide range of the community, the Trustees have developed and implemented a Health and Safety Policy. Insurance covers the risks associated with public liability, employee liability, trustee indemnity and the property risks of theft, fire, vandalism etc. The Trustees consider that the current level of insurance is set at the appropriate level. Avenue St. Andrew's Southampton United Reformed Church Charity st Trustees. Report for the year ended 31 December 2024 Plans for Future Periods Avenue St Andrew's has made plans for future periods including:_ Pursue a wider use of the church premises by community groups. Further development of community activities, following the extension of term of a Community Worker. Continued commitment to the development of the Southem Fellowship as its structures evolve and as patterns for shared ministry and resources adapt to changing situations. To adapt to the needs of a changing congregation, in which opportunities for spiritual nurture and growth in faith are seen as priorities. To support Assembly led United Reformed Church initiatives. To plan for a balanced budget with annual expenditure covered by annual income within three years. For and on behalf of the Elders:. Date:. Avenue St. Andrew's Southampton United Reformed Church Charity Independent Examiner's Report To the Trustees ofAvenue StAndrew's Southampton United Refomied Church Charity I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2024 which are set out on pages 10 to 20. Responsibllities and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordan￿ with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do nol accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Adam Buse, FCA Fiander Tovell Limited stag Gates House 63164 The Avenue Southampton S017 IXS Dated . z( AVENUÈ ST ANDRE¥YS 50UTHAMPTON UNITED REFORMED CHURCH CHARITY S7ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DE¢EMBER 2024 Unrestrided Funds Restrlcted TOTAL General DesSgnated Fund$ 2024 un￿s*n¢ted Funds R8Strlcted TOTAL General Designated Ftsnds 2023 Note InGome Oonatlons and legaci*s Gwing Legacles Grants rece￿able Other tradlng actlviti¢s Fund raising Investmént incomo Intere51 & div￿endS Charitable acllvttle5 Hall letbriys SWHG rgcgipts 0th8r 46,700 7.748 54,448 3.UOO soo 49,306 5,366 54,672 3.000 500 6,000 3.51X) 9,500 3,535 200 3,735 3,335 3,335 3,801 658 4A59 2.853 657 3,510 36,402 36,402 1.77fj 1,157 25,490 25A90 2,116 660 1.776 2,116 1,157 660 Total in¢ome 92,095 3.00(J 10.382 105A77 87,644 11,639 99,283 Expendltur• Expendiwre on charltable activitie5 URC Minlstry & Mission Fund Communityworker M2nse expvnses OffiGe expenses Cost of churGh a￿￿e8 Organ expenses DDna￿0nS to ¢h8rilie$ el¢ Grants ond glfts Avenue MultlcultUFel Centre expense$ 35.267 14,293 2,282 37,549 14.293 2.629 462 42,227 5.395 6,592 1,000 35,279 13,115 2.072 37,3S1 13,115 2,866 429 59,757 1,741 3.515 375 729 2,629 2,886 462 36,573 4,265 429 42,491 1.741 10 2.396 3,258 1,130 4,092 1.OOCI 5.300 11,966 1,500 3,519 375 15.8321 6,561 Totil expendtturn 90.860 3.896 14,391 109,147 87.223 5.875 27,004 119,902 Nat18xpenditureVOncoffle before Investment 9alnslllosse51 1.235 18961 14,C1091 13.670) 421 15.6751 115,3651 120.6191 G•ln$lllos5051 on In¥estrnent assets 530 530 14901 {4￿) Net lexpenditure)Ilncome forthe year 1,765 18961 14,0091 13,140} 1691 15,6751 115,3e51 121,1091 Transfern between fvnds 1,089 645 444 2.731 16,638 3,907 Net movement In funds 2,854 11,5411 14,4531 13,1401 2,662 112.3131 111,4581 121.1091 R•coTr¢illatSon of lund5.' Totsl luThds b1fv￿ 1 January 2024 36.591 124.766 16,636 177,993 33.929 137,079 28,094 199.102 Total fund5 dfwd 31 D8cernber 2024 29,445 123,225 12.183 174 53 36,591 124.766 16,636 177.993 The note$ on p8gBS 12 10 20 lorn part of theso financial statern8nts 10 AVENUE ST ANDREWS SOUTHAMPTON UNITED REFORMED CHURCH CHARITY BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Flxed •$s•ts Tangible éssels Investments 12 13 4,287 4,818 20.348 25.166 25,165 Current assets Debtors Cash al bank and in hand 15 13,590 151.554 165.144 18,569 169,134 Credltors: 4mounts falling due withln one year 16 15,456 16,3071 Net current assets 149,688 152,827 Totsl assèts kss curr•nt Ilabiliti¢$ 174,853 177.993 Represented by:_ Ur7restr￿ted I￿￿rne funds.. General unrestricted funds Designated lunds 17 18 39.445 123,225 36,591 124,766 162,670 161,357 Restricted income funds 19 12,183 16,636 Total funds 174,853 177.993 Approved by.- For an(J on behalf ol the Elders Date X AVENUE ST ANDREWS SOUThAMPTON UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CINrlty intomi￿on Avenue St Andrews Southamplon United Refomie(J Church Cha￿ty 1$ an unincorpDrated Charity (charity reg15tration number 11305041. Its principal oddress is Avenue Sl Andrews URC, The Avenue, Southampton, S017 1XQ. ACCOUNTING POLICIES Basls of acrounllng The financial statements have been prepared in acwrdance Ythh Accounllng and Reporting by Charllies.. Statement of Recommpnded Praclice applicable lo chartties preparing their accounts In accordan￿ with the Finanaal Reporiing Stsndard applicable in the UK and Rewblic of IreLqnd Issued in October 2019. the Flnanaal Reporting Standard applic¥￿t In the Unrted Klngdom and Republic of Ir&lanO IFRS 1021, Ihe Charities Act 2011, UK GenerallyAc¢epted Accounting Practice. applicat￿e charity lawand the Unlled Reformed Church gu￿an￿. The ¢hurch 15 a Public Benefit Enviy as deftned byFRS 102. The charily has tsken advantaoe of Ihe provisions In the SORP IOT charities applwng FRS 102 Updale Bulletr"n 1 not tg prepare a Stslement of Cash Flow5. The financial statements have been p￿pared to give a Irue an($ fair, vSew and have departed from the Cn8rities IAccounts and Reportsl Regulations 2008 only lo the extent required to prtsvide a Irue and fair vievl Thi5 departure has involved following the A￿Unting 2nd Reportin9 by Charities. ststemenl of RecommendEd Practice applicable to charities preparing their aGGounts in accordance th Ihe Financial REPOrting Standard applicab￿ in the UK and Republic of I￿land issued in Oclober 2019 tatherthan the AccA)unting and Reporting by Charitie5'. Stakment of Recommended PraGtice effeGtive from 1 April 2005 whlch has sSnce been ￿thdraWn. The ￿nandal ststernents a￿ preparsj in Sterling. %thich Is the luntiional cu￿ncY0f the church. Monetary arnoums in these finsncrdl ststements are rounded to the nearest £. The financial staternents are prepared on a golng con￿rn ba$1$ Under Ihe historical Gost convenlknn, modffied lo include cert3in item5 al falr value. The slgnificani ascounling polirAes applled In the p￿parDtion of these ffinanclal statements are sel out below. These poli¢ies have been consis¢enllyapplied to all years presented unless otheThwse s¢al¢d. 1b Fund Accountinp Unrestricted funds are avallable for use al the dlscreuon ol the church In ftJrtheranc8 01 its charftable obJecUves. Re*ricted funds are subiected to reslrictbns on thelr e¥4ndlture Imposed bythe donor, or conlalned In the temis of a granl. The restricted fund5 Sho￿ in these fr'nancial slatements a￿ funds that have been set up for purposes eilher speGified by the donor OT bythe tefms ol a publlc ap￿1. and cannot be used for other purrM)ses. The designated fund5 shown In ¢hg$8 finanaal st8tements are funds Ihat have been sel a&de by the trustee5 for specffic purposes. Tr8nsfers are made bet￿￿Tr fun¢Js when adequate justificat￿Dn and 5UPPOrtlng evldence is prowded. 1¢ Tanglble tlxed assets Freehold property: The Trustee8 ofthe church and men5e buildings are Ihe URC Wessex Synod Trust who ho￿ thern upon trust for wrposes connected wilh Avenue St AnrFrews URC, E¥peTrrSiture incurred on the church and manse is wrltten Dff ln Ihe ￿ar It is Incurred. Equ¥pmÈnt.. Tarsgible fixed assets CO5￿n9 rnore than £1,000 are ¢apitsli5ed. Dep￿￿ation ￿ provid￿ on fLKed assets at the follo￿ng rates.. Organ and p&8nos - 25% reducing balance Office and other equlpment - 20% stralght sine 1d Flxed assets Investments Flxed assel IDv¢stments a￿ Inillally measured at transacb.on prfce excludlng trydnSgdwJn costs, and re svbsequentty measured at fair value at each reporting date. Tron5action costs a￿ expensed 8S in￿)rred. All gains and losses are tsken 10 the Ststement of Flnan¢ial h¢tivlUes as they arise. Realised galns 8nd losses on investments are calculated as the drfference between sales proceed5 and openlng market value (purchase date if later). Unreali5ed gains and losses are calGulaled as the difference betr5￿￿ th8 markel Yalue at the sEar-end and opening rna￿et valve lor wrchase date If leter). le Impalrment of fftxed assets At each retx)rtlng end dats, Ihe church revlews the c?￿n9 amoursts of its tsnglble ossets lo determine whether ther8 is any indication that those assets have Suffered an impalmenl loss. ff any 5uth Indica1￿)n exists, the recoverable amounl of the gssel Is e5tirn8led in order to determine the extent Df Impaimienl or loss Ilf any). 12 AVENUE ST ANDREWS SOUTHAMPTON UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 All voluntary givlng is Included In the nnancial stalements for the period in which it is ￿ceIved. Donalions under Grft plus the OS$OCE8ted tax recovery are recognised as income when the donation is recelved. Lega¢ies and grants of a genefal nature, Indudlng oovernment grants, are accounted forwhen there Is entitlernent. receipl Is probable and the amount can be measureo reliably. Incorne recelved in advar¢e Is deferred untll the period to which it relates. All other income Is gerlerally ￿COgnISed ￿ffien ft is receiva￿e. Expendltuie The URC Mlnisty & Mlssion Fund contrtbution is paSd regulajly and is Included In Ihe flnandal statsments lor the year to whlch it ￿lates. Resources expended are ￿COgnised in Ihe period In which thEy are incurred and include attribuiab VAT which cannot be re¢overed. They are allocated to the particular activily to which they relate. Govemance costs represent direct expenditure on the govemance of the churth, including the independent scrutiny of ttr*se financial statements. A5 rnost of the mana9ement and activity of the ¢hurGh Is Carried out byvolunteers, Ihis Intangible cosi is not included In the financial statements as Ihts voluntary conthbubon to the life of the Ghurth is Inca￿ulab1e. 1h Taxatlon During 2009 the church became a reolstered charity in Its M right. AcGordingly r( is potentially exempl from tsxation in respect of income and callal gains re¢elveLI lo the extent thatsuch Sncorne or galns are applkd to exclvslvely charilable purposes. No provl4on for tsKalion has been rnade in these fin8ncial statements. Debtors Debtors s￿ reCOgnts￿ at the setllemenl amount dve. Prepay)nents are valued at the amouftt p￿paId. Credltors and provision5 Credltor$ and prov4slons are fr￿gnised where the rhurch ha5 3 present obligation resuttirrfa Irom a pèst event that wlll probably ￿S￿lI In Ihe transfer of funds to a ¢hlrd party and the arnount due to sewe the obligation can be measured or estimated rellably. CTedllors and provisions a￿ nonnally re￿nISed at their setUem?nt arnount after 8(kJv￿ng for any trade di%counts due. 1k Financlal Instrument$ The ChU￿h only has finan¢i81 a$8ets and finandal 1labl1l￿e$ of a kind th8t QU8lKy as baslc ffin8ncial Instruments. 82sicffin8ncTal instruments are initially recognised at transaciion valve and svbsequentty rneasured at their settierneni value. Cash and cash equlvalents Cash and ¢ash equlvalents Include cash in hand, deposits held 3t call with banks, other short-terrn rwe5tments with origin81 malurilie5 of three mDnlhs or less, 8nd bank overdrafts. Bank overdTrfts are shoym wlthin borrowings In current1Sabllilies. Employee benellts The cosi ol any unused hotidayentthment Is recognised in the Peri￿ in which the employee'5 services are recelved. Teminatlon beneffts are ￿r￿gnIsed Immediate￿ as an e￿nse when th* church 15 demonstrably ommitied lo temlnale the ern￿Oy￿ent of an employee or to provlde termlnation benefrts. Retlrement b?￿fft5 The church operate5 3 defined cOntrib￿1)n scheme under auto*nrolmenl. ContrfbuUon$ psyable are charged to the ststement of financial activities in the year in which they are payab￿. Cfttlcal arcovntlng estlmates and judgements In the appli￿￿On of the church'5 accounting policies, the trustees are requi￿(110 makeludgements, e5tirnates and assumplion5 about Ihe Car￿n9 amouTrt of assets and1Sabllhles that are pot readlly apparent from other SOUTGes. The esiimates and assoriated assumpts.ons are based on hlstorical experience and othe( factors thal a￿ consldered to be rekvant. A¢Wal ¥esults maydrfFer from estimates. The estimates and undeFlwn9 assumptions Bre reviewed on an ongoing basls. Re￿$SOn$ lo accounbng e$tlmates are recognlsed in the period in which the e51imate 15 revised ￿the￿ the revlsion affects on Ihat perptid. or in the ￿riod of revision and future periods h¥he￿ the revlslon affects both current an# luture perlods. 1p Golng ¢on¢ern At the time of appioving Ihe finand81 stsiements. the trustees hgve a reasonable expectalion thst the church has adequate re50urce5 to continue In OPErallonal existence for the foF5eeable lulure. Thus. the tw$tees Gont'nue ￿ adopt the 9oln9 concern basls ol accounllr*9 In prepèrinp the financlal statements. 13 AVENUE ST ANDREWS SOUTHAMPTON UNITED REFORMED CHURCH CHARIIY NOTES TO 7HE FINANCIAL STATEMENTS- ¢L)ntlnutd FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$trlGtetl Funds General Desl9nated Restrlcted Fund5 Total 2024 Total 2023 GIVING Pledged donauons Sundry donations Income tax refunds due unLler GrfiAid Avenue Mullkullural Cent 34,074 3.603 9,023 1,200 5,748 8QK> 35,274 9.351 9.823 35,843 7,078 11,231 520 7.748 54,448 54.672 LEGACIES Legacie5 of £3.000 were recelved In 2024 l£nil In 2023) GRANTS RECEIVABLE AMC Allen Lane AMC Grants from Partners URC Wessex Trust 500 500 500 9,500 FUND RAISING Church wgan1sa￿oft$ dona¢lons Olher Drganisations dcnations Other social events OthErlund r3i5ing 240 240 200 2.930 365 360 200 2,930 365 3,535 2,603 372 200 INVESTMENT INCOME Dlvidends and dlstribullons Bank interest 985 2,816 658 1,643 2.816 4,459 1,922 1,588 MINISTRY & MISSKIN FUND The church contributes to Ihe central URC costs oltralning and prov￿¢ng rnin151ers Ilncludln9 the ¢entralised p8yrn8nl of 5tip8nds, penslon ¢ontributron5 8nd other benefits for minlstersl, runnlng the #encth7nation, and Ihe wider mi55ion of the national church. Thls annual budget amounts to 50m8 £18.2 million, 81% of wh￿h ielates lo minister costs. 87% Is funded Ihrough the Minlstry & MIS￿0￿ Fund £ontrfbLrtbns frorn churches. UnrestrI￿ed Funds G¢neral De$l9nated Restricted Fund5 Total 2024 Totsl 2023 IINISTERIAL COSTS Ministryand Mission fund Ministers expenses Fees for vlsiUn9 mSnister5 34,428 1.366 35.794 866 889 37,54g 35,793 707 851 37,351 839 35,267 50 2,282 TRUSTEES REMUNERATION AND EXPENSES No trustees lor per50n5 connected them) ￿CeIved any ￿mUneration or expense payments during Ihe >ear12023.' £nill 14 AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 UnrestrictÈd Funds General Designated Restricted Funds Total 2024 T￿al 2023 10 COSTS OF CHURCH ACTIVITIES Church expenses.. Water rnles Gas Electrlclty Rep8irs and rnaintenanc8 Insurance Cleaning 826 4.785 2,180 7,244 5,603 826 4.875 2,180 7,244 5.826 6.017 26.968 90 5.110 2,723 11,332 5,415 6,221 313 Repairs of buildings expenses.. Rebate on VAT Irorn Listed Places ofworshlp Grant Scheme 1,054 595 Staff Costs.. lall part Umel Office 8dmini$trators 6,727 6,727 6.727 6,727 6.182 Printing and slatlonery Pltopwng and Ststionery Computer Item5 1.2 1,656 664 1,057 763 1,820 381 741 Other expenses Books and worship rnatsrfal Licences DeprerAatlon of fLxed assets Other SWHG expenses Ceterlry expenses Gardening expenses Grfts for housebourKiinowtts Green Liv5ng donations SGhool visits 8xpenses rax enquiryfee Tyrret expenses IW350 expenses other Èxpenses Transfer ofAMC fvnds to SWVG Ha05 sundry expense5 SWHG Group costs 32 373 21 53 373 2,494 28 115 2,396 5,864 28 90 167 150 167 150 254 205 188 150 100 120 156 120 158 100 51 51 14 14 11,390 90 90 1,166 1,166 1.290 5.052 18,788 Govemance costs Independent examlnavon 2,214 Totsl ¢0st of thurch 8ctivllle5 2.396 3.258 59,757 10.1 EMPLOYEE REMUNERAfioN The gross salary costs frjr the year ¥wre £6.72712023: £6,162). SoGral securlty costs were £nll12023'. £nlll. Employerfs penslon costs were £nil12023'. £nll}. The average number 0femplo￿S durfn9 the y¢arwas 212023-.21. No emplO￿e weived remunerntion exceedin9 £80.¢JOO In efther year. 15 AVENUE ST ANDREW'S SOUTHAMPT014 UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENT5- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS TO CHARITIES ETC. FROM COMMUN1014 COLLECTIONS Unrestricted Funds General De$ignated Restrlcted Funds Total 2024 Total 2023 Communion Fund The Avenue Centre VDuntbatten Hampshire Southarnpion Basics Bank Jeel 31 Amal Practical Action A Rocha Amnesty International Sarnafitans Commitment for Life Society of St J3me5 SWVG for AMC SWVG General ZANE Anli Slavery 346 346 183 733 378 138 1,241 140 733 140 130 128 175 35g 140 130 128 175 120 123 112 445 148 375 140 3.145 192 61 192 61 1,5(M) 4,092 3.519 Benevolent Fund Syndry donations to Ihe needy Totsi donations to charites e¢¢. 3,519 12 TANGIBLE FIXED ASSETS Or9an & Office Mlsc. Plano Equipment Equlpment Totsl Cost 85 81111r2024 Additions in year Disposals In ￿ar Cost 8$ 81 3111212024 873 39,752 1,963 7.875 33.840 40,933 1.963 8.7461 34,148 18731 308 Depreciatson as at 111r2024 Charge lor the year On dlsposals DepreaatK)t7 #s al 3111212024 308 873 34,934 2,494 36,115 2,494 673 308 29.553 29.861 Net book value 8S at 3111212024 4,287 Net book Wdlue as at 3111212023 For the re850ns slated in AGcounting PclKy note 1c, the church and manse bU1￿1ng$ are not tsnolble fixed assets ol the church. For I￿￿18nce purposes the church t￿11￿*￿0$ are inSU￿d by Ihe church lor £11,3(M),OQQ. The thurch contents are insured bythe church for£231,401. 18 AVENUE ST ANDREW'S SOVTHAMPTON UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENTS - continuqd FOR THE YEAR ENDED 31 DE¢ÉM8ER 2024 13 FIXED ASSET INVESTMENTS Listed Investments Market value At 1 January 2024 Addition5 Disposals V51ualion changes At 31 December2024 20,348 530 20.878 2024 2023 Investrnents held at fair value comprk8e= Equities IM & G Charifvnd eoulty units) 20,878 20,348 Histori￿1 cost 10.394 10,394 14 FINANCIAL INSTRUMENTS 2024 2023 Corrylng amount of financlal assets Investments measure(l atlair value through net Incomelexpenditure 20,878 20,348 15 DEBTORS 2024 2023 GKt Aky Tax re￿ver8￿8 Oiher deblors Prepayments 9.21KI 4.004 9,334 8,626 629 18,589 13.590 16 CREDITORS: AMOUNTS FALLING DUE WITHIII ONE YEAR 2024 Other creditors IrKome ￿GeNed In advance 14.482 974 15,456 12.806 3,501 16,307 All Income receSved In adva￿ gt Ihe end of the prior year rel¢ased to incornillg resources durlro the year. 17 AVENUE ST ANDREWS SOUTHAMPTOhl UNITED REFORMED CHURCH ¢HARirY NOTES TO THE FINANCIAL STA TEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2014 17 UNRESTRICTED FUNDS The church operates 3 Unrestricted (Generall Funds 8s 1ollth¥s'. Generel Investrnent Revalu81ion Reserv8 Halls The general purpose furKI of the Church. Unrealised gain5 on Charlfund Uni15. Thls Is a sub fun(J of the General Fund. UseL1 to ￿ceIve hlre lees and pay hall charge$. 17.1 The movements on the Unrestrfcted (Generall Funds duNn9 Ihe starwere.. General Inv.Revat Halls Total Balance bfvd 1 January2024 Income 19,097 9,954 7,540 36,591 92.￿5 128.686 190.8601 530 1,089 39,445 74,745 189,9141 9,954 43.987 19461 ExpendStu￿ In >ear Unrealised gainlllossl on investments Fund Irensfers Balance 31 Oecember 2024 530 36,089 20.920 35,0 8,041 10,484 The movements on the Unresiricled (Generdll Funds during the prfor>eaf were.. Gèn*ral Inv.Reval Halls Total Balance blhvd 1 January 2023 Income 16,465 62.100 78,565 192,1991 10,444 7,020 2S,$44 32.564 4,976 33,929 87,644 121,573 187,2231 14901 2,731 10,444 Expenditure in Unrealised1105sygain on Inve51rnents Fund transfers Balance 31 December 2023 14901 32,731 19,097 30,000 9.954 18 The Ghuffjh opernted 4 DeS￿naled Fund5 With the SUPPDrt ol ChurGh Meetln9: Legacles A fund for money re¢elved as legacles, lo be used to In￿ale ehurch and communlty related pro]e¢ts In accordance ￿1h ¢he aims and objg¢¢ives of the church. A fund for 5UPPOrting prqects initiated bythe CDmmunityWorker. A fund forfin8ncing the new audio vlsual eqylpmeni. A lund lor fina￿1n9 the solar panels. This lund ceased In th¢ prior year. CRCW NewAV Solar 18.1 The movements on Ihe DeskJnated Fund$ durlng the year ￿re.. L•gacles CRCW NewAV Totsl Balan￿ b1fv￿ 1 January2024 Income 119,403 545 4.818 124,766 3.000 127,766 13.896) 15451 100 123,225 122,403 11,5001 545 4,818 12.3981 ExFendfture In Transfer to Communion Fu Transfer to Avenue 2020 fund Balance rjhvd 31 Decernber 2024 15451 100 The movements on the Designated Funds during Ihe prior ypar ￿re.. Legacles RCW Sol New AV Total Balance bifwd 1 JanL&ry 2023 Income 126,618 343 2904 7,214 137.079 126,618 13751 15,6151 343 2,904 12,9041 7.214 137.079 12.3961 15,6751 15,6151 202 11.1251 100 4818 124766 Expendiiure In ye8r Transfer to General fltnd Transfer fr¢Jm Cornrnunion Fund Transfer to AMC fund Trnnsfef to Avenue 2020 fund Balance clfvvd 31 December 2023 202 11,125} 100 119.403 A grant of £1.125 ¥Trs made from Legacies Fund to AMC Funis to support thelr advlUe5. 18 AVENUE ST ANDREW'S SOUThAMPTON UNtTED REFORMED CHURCH CHARITY NOTes TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 19 RESTRICTED FUNDS The church accounts include 9 RestrS¢led Funds, where the monles can only be used for the speclli¢ purp)5e forthlch thty were entrusted to the church. Thes¢ monies are nol at the disposal gf the ChU￿h Meetin9 for ary?Iher purpose. and re￿sent.. Ministers To augmenl the mlnislers stipend. Organlsts To payorganlsts, lees. Organ To p8y organ malntenance costs. The three above fun(Is recewe their income from chaTrtrble trusts. Avenue 2020 Benevoleni Junior Church Communion A fund for flnancin9 restoration of the bullding and expl￿n9 and 3hadng our heritage. Makes srn211 grants and donaiions to Individuals In need at the Ministeffs discretion. To pay for costs assodated yrith Junior Church. A hrAding fund for donations given for the benefrt of other charfties. A hddlng fund for costs a55OCl8ted with the South Wesl Hants Group of Churches. Donstions provxle£J for events to celebrate the 350th anniversary of the birth of Isaac Watts. A holding fund for costs associatsd wlh Ihe Avenue Multicultural Centre. The Avenue Multicultural Centre was operated jointlywith CLEAR Icty Life Etjucation 8nd Action for Refugee51 and SWVG ISouth8rnPton and Wlnchester MsStors Group), wovkslng 8