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← Southernhay United Reformed Church Charity

2024-12-31-accounts

SOUTHERNHAY UNITED REFORMED CHURCH

Registered Charity No 1130547

FINANCIAL REPORT 2024

Index

Index Index
Report of Independent Examination
Summary Statement of Financial Activities 1
Balance Sheet 2
Summary of Financial Activities A. Incoming Resources 3
B. Resources Expended 4
Movement of Funds 5
Details of Special Causes 6
Notes 7

Southernhay URC Trustees at 31. 12. 24

Diane Burch, Juliet Campling, Alastair Logan, Wendy Milne, John Scarfe, Ted Guyver

Treasurer’s Report

The total income for 2024 is significantly greater than in 2023, with freewill giving & lettings slightly decreased from 2023, but with 2 legacies.

Expenditure is slightly increased in 2024.

Dick Gray

2[nd] February 2025

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

FUNDS

2023
TOTAL
General
£
£
79,252
TOTAL INCOMING RESOURCES
78,234
(see page 3)
78,185
TOTAL RESOURCES EXPENDED
79,820
(see page 4)
1,068
Surplus/(Deficit) for the year
(1,585)
63,181
TOTAL CHURCH FUNDS B/FWD
58,449
(see page 5)
64,249
TOTAL CHURCH FUNDS C/FWD
56,863
4,601
Special Category Ministry Account
4,601
(see notes on page 2)
68,850
TOTAL FUNDS HELD
61,464		 Designated
Restricted
£
£
99,958
1,016
2,668
1,101
97,291
(85)
3,219
2,581
100,510
2,496
-
-
100,510
2,496
2024		 TOTAL
£
179,208
83,588
95,620
64,249
159,869
4,601
164,470

Page 1

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

BALANCE SHEET AS AT 31ST DECEMBER 2024

2023 2023 2024 2024
£ £
DEPOSITS
156 COIF Deposit Account CO3070114 81,269
58,793 COIF Ethical Investment Fund CO3070113 51,420
7,660 NatWest Reserve Account 29,452
500 NatWest Current Account 500
1,743 URC SW Synod Manse Rental account 1,831
- Outstanding payment -
- Outstanding credit -
68,851 164,471
58,449 FUNDS AND RESERVES
General Purpose
Accumulated Fund		 56,863
3,219 58,449 Designated Buildings Funds
Buildings Fund		 3,219 56,863
- Legacy fund 97,291
2,347 3,219 Restricted Funds
Healing Fund (Noblet)		 2,347 100,510
234 2,581 Special Causes 149 2,496
4,601 64,249
4,601		 TOTAL CHURCH FUNDS
Special Category Ministry Account (see note below)		 4,601 159,869
4,601
68,851 TOTAL FUNDS HELD 164,471

NOTES The Special Category Ministry Fund is a restricted fund completely separate from the funds of the Church. It is currently in abeyance as there is no one in post.

Page 2

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024

General Designated Restricted TOTAL
£
£
£
£
£
£
A. INCOMING RESOURCES
1. OFFERINGS
15,712
Monthly Standing Orders
15,774
15,774
2,791
Loose
2,363
2,363
1,621
Other Donations by Members & Frien
444
444
4,407
Gift Aid claimed on the above
5,672
5,672
24,529
2. DESIGNATED & RESTRICTED INCOME
-
Buildings Fund
-
-
-
-
-
Contact Centre Reserve
-
-
-
-
-
Healing Fund
-
-
-
-
1,303
Special Causes (Collected)
-
-
816
816
-
Gift Aid to Special Causes
-
-
-
-
1,303
3. USE OF BUILDINGS
18,808
Standard Lettings (net)
23,378
23,378
-
Contact Centre (net)
-
-
1,700
Church Groups
4,600
4,600
195
Other Users
98
98
916
Coffee Concerts
1,134
1,134
9,100
Ground Rent (Berkeley House - net)
9,100
9,100
30,719
4. WEDDINGS & FUNERALS
970
Fees
1,645
1,645
-
Offerings at Weddings & Funerals
-
-
970
5 OTHER INCOME
-
Legacies, etc
99,958
99,958
-
Sundry Receipts
-
-
-
ManseCouncil Tax and Water Rate
-
-
8,660
Manse Rent
8,160
8,160
200
ECC Chaplaincy (net)
-
200
200
351
Miscellaneous income
-
-
3,755
Grants
-
-
6,919
COIF Investment Gain
2,627
2,627
103
Interest
3,152
3,152
68
Interest of URC SW Synod deposit
88
88
1,675
Adjustment to include Synod funds
-
-
21,730
79,251
TOTAL INCOMING RESOURCES
78,234
99,958
1,016
2023		 2024
£
24,253
816
38,309
1,645
114,186
179,208

Page 3

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024

General
Designated
Restricted
TOTAL
£
£
£
£
£
£
B
RESOURCES EXPENDED
1
CHURCH EXPENSES
27,613
Ministry & Mission
27,684
27,684
14
Travel Expenses
1
-
-
408
Manse Telephone/Broadband
245
245
-
Books
-
-
-
Stationery
-
-
81
Other Expenses (inc Laptop)
126
126
497
Tax, NI & FCA share
652
652
1,135
Visiting Preachers
725
725
1,100
Organists
950
950
245
Wedding fees
440
440
31,093
2
CHURCH & HALLS
7,457
Caretaker
5
5,831
5,831
-
Cleaning
1,688
1,688
6,502
Repairs and Maintenance
2
2,658
2,658
-
Legacy spending
2,668
2,668
5,167
Heat and light
5
23,327
23,327
710
Water Charges
717
717
511
Telephone and WiFi
5
908
908
158
Lightning Conductor
-
-
1,236
Fire extinguishers & service
5
914
914
6,559
Insurance
7,013
7,013
448
Organ and Piano Repairs
2
692
692
5,522
Equipment
-
-
383
Cleaning materials
5
345
345
34,653
3
MANSE
6,459
Repairs
2
660
660
727
Insurance
622
622
1,014
Council Tax and Water Charges
1,658
1,658
-
Gas and Electricity Charges
-
-
8,200
4
OTHER GENERAL PURPOSE FUND
196
Resources
-
-
200
Flowers and Gifts
50
50
318
Web Site
22
22
672
Photocopying
680
680
10
Refreshments
-
-
455
Secretarial Expenses
380
380
777
Subscriptions & Licences
465
465
-
Away day for Exeter elders
124
124
350
Donations
4
245
245
-
ECC Chaplaincy
4
-
-
-
COIF Investment loss
-
-
2,977
5
DESIGNATED/RESTRICTED FUNDS
-
Buildings Fund
2
-
-
-
-
-
Healing Fund
-
-
-
1,262
Special Causes
4
-
1,101
1,101
1,262
78,185
TOTAL EXPENDITURE
79,820
2,668
1,101
2023
Footnotes		 2024
£
30,821
46,761
2,940
1,965
1,101
83,588

The footnotes refer to Synod designated 'Deductible' Items of Expenditure:

  1. Ministers' Car Costs (Total £0) 2. Repairs & Decorations (Total £2049)

  2. Capital Works & Projects (Total £0)

  3. Benevolent Gifts (Total £860)

  4. Expenses incurred in respect of Lettings (see page 3)

  5. (Total £12588 of which 45% claimed = £5665 representing 36% of total letting receipts of £13216)

Page 4

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

MOVEMENT OF FUNDS FOR THE YEAR ENDED 31st DECEMBER 2024

General Purpose
Accumulated Fund
Totals
Designated Buildings Funds
Buildings Fund
Legacy fund
Totals
Restricted Funds
Healing Fund (Noblet)
Special Causes
Totals
TOTALS FOR CHURCH FUNDS
Special Category Ministry Acc
see note 1 on page 2
TOTALS HELD		 Balance
Receipts
Gift Aid Interest Payments
Balance
01.01.2024
2024
2024
2024
2024
31.12.2024
£
£
£
£
£
£
58,449
69,322
5,672
3,240
(79,820)
56,863
58,449
69,322
5,672
3,240
(79,820)
56,863
3,219
-
-
-
-
3,219
-
99,958
(2,668)
97,291
3,219
99,958
-
-
(2,668)
100,510
2,347
-
-
-
-
2,347
234
1,016
-
-
(1,101)
149
2,581
1,016
-
-
(1,101)
2,496
64,249
170,296
5,672
3,240
(83,588)
159,869
4,601
-
-
4,601
68,850
170,296
5,672
3,240
(83,588)
164,470

Page 5

SOUTHERNHAY UNITED REFORMED CHURCH, EXETER

DETAILS OF SPECIAL CAUSES FOR YEAR ENDED 31st DECEMBER 2024

Commitment for Life
Christian Aid
St Petrocks (Coffee)
City Centre Chaplaincy
DEC
Ukraine
Open Table
Guide dogs
Mercy Scouts
Advent special
Exeter community
Exeter Leukemia Fund
Contact Centre		 Balance
01.01.2024
£
76
66
95
0
1
0
0
0
0
(4)
0
0
0
234		 Collected
2024
£
70
70
510
200
0
0
0
15
131
0
0
20
0
1,016		 Gift Aid
Paid Out
Balance
2024
2024
31.12.2024
£
£
£
0
(86)
60
0
(136)
0
0
(605)
0
0
0
200
0
0
1
0
0
0
0
0
0
0
(25)
-10
0
(137)
(6)
0
0
(4)
0
(20)
(20)
0
-
20
0
(92)
(92)
0
(1,101)
149

Page 6

NOTES

1. Accounting Policies. These Annual Accounts for Southernhay Church aim to comply with the provisions of the Charities Act 1993. This Act was passed with the aim of bringing about greater openness and transparency in the financial affairs of all charities. The regulations prescribe certain rules, procedures, and format to ensure compliance, and these have been adopted here.

The Statement format is taken from the Charity Commissioners’ Guidance literature and working definitions of the fund types as follows:

The Annual Accounts are prepared on a Receipts and Payments basis. Any material expenditure paid after the year end will be included by way of a note to the accounts (there is none for 2024).

2. Depreciation Policy. All new items of equipment procured are written off in the year of purchase. As a result such items are not part of the Fixed Assets of the church and depreciation does not apply.

3. Employees of the Local Church and their Remuneration. There are no employees; the Church contracts out caretaking to a self-employed operator.

4. Local Trustees’ Expenses. No expenses were paid to any members of the Elders’ Meeting or the Finance and Fabric Committee except in the form of direct reimbursement of sums actually incurred and paid on behalf of the church.

5. Insurance. Church and hall premises at Southernhay were insured in 2024 as follows:

Church Premises £ 14,549,219
Contents £ 323,505
Business Interruption £ 300,000
---------------
Total £ 15,172,724 (2023 £14,831,727)
The Cover for the manse at 6 Hill Close was:
Buildings and Contents of Common Parts £436,542
Contents £ 13,831
--------------
Total £ 450,373 (2023 £439,726)

6. Local Funds not under Church Control. The Treasurer is aware of the existence of small funds which fall within this category. Contributions are not received from the church nor are these funds subject to Church Meeting control. As a consequence, and with the agreement of the independent examiner, they have been excluded from the above Accounts.

Signed:

Date: 17/03/2025

Dick Gray, Church Treasurer

Page 7

Southernhay United Reformed Church

Financial Statements for Year Ended 31[st] December 2024

I report on the financial statements of Southernhay URC for the year ended 31 December 2024.

Respective responsibilities

The church is responsible for the preparation of the financial statements and considers that the audit requirement of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent Examiner's statement

In connection with my examination of the church funds, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Ian Harrison

18[th] March 2025

Name and address of the Independent Examiner:

Ian Harrison 21 Barton Close Exton Exeter EX3 0PE