SOUTHERNHAY UNITED REFORMED CHURCH
Registered Charity No 1130547
FINANCIAL REPORT 2025
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
1
Southernhay URC Trustees at 31. 12. 25
Diane Burch, Juliet Campling, Alastair Logan, Wendy Milne, John Scarfe, Ted Guyver
Treasurer’s Report
The overall income is reduced partly because of a reduction in legacies, but also a reduction in giving and donations, offset by an increase in lettings income, plus the impact of transferring the manse to the Synod Trust giving an injection of £300,000 plus interest.
On the expenditure side mission activities are similar to 2024, whereas spending on church maintenance and improvements have increased.
The assets of the church have increased significantly from £164,471 to £493,695.
Dick Gray
2[nd] April 2026
SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025
FUNDS
| 2024 TOTAL General £ £ 179,208 TOTAL INCOMING RESOURCES 88,882 (see page 3) 83,588 TOTAL RESOURCES EXPENDED 93,642 (see page 4) 95,620 Surplus/(Deficit) for the year (4,760) 64,249 TOTAL CHURCH FUNDS B/FWD 56,863 (see page 5) 159,869 TOTAL CHURCH FUNDS C/FWD 52,103 4,601 Special Category Ministry Account 4,601 (see notes on page 2) 164,470 TOTAL FUNDS HELD 56,704 |
Designated Restricted £ £ 50,500 1,406 16,456 1,466 34,044 (60) 100,510 2,496 134,554 2,436 - - 134,554 2,436 2025 |
TOTAL £ 140,788 111,563 29,225 159,869 189,094 4,601 193,695 |
|---|---|---|
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SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
BALANCE SHEET AS AT 31ST DECEMBER 2025
| 2024 | 2024 | 2025 | 2025 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| DEPOSITS | |||||
| 81,269 | COIF Deposit Account | CO3070114 | 131,269 | ||
| 51,420 | COIF Ethical Investment Fund | CO3070113 | 50,300 | ||
| 29,452 | NatWest Reserve Account | 8,664 | |||
| 500 | NatWest Current Account | 500 | |||
| 1,831 | URC SW Synod Manse Rental account | 35 | |||
| - | URC SW Synod Manse deposit account | 302,930 | |||
| - | Outstanding payment | - | |||
| - | Outstanding credit | - | |||
| 164,471 | 493,696 | ||||
| 56,863 | FUNDS AND RESERVES General Purpose Accumulated Fund |
52,103 | |||
| 3,219 | 56,863 | Designated Buildings Funds Buildings Fund |
3,219 | 52,103 | |
| 97,291 | Legacy fund | 131,335 | |||
| 2,347 | 100,510 | Restricted Funds Healing Fund (Noblet) |
2,347 | 134,554 | |
| 149 | Special Causes | 89 | |||
| - | 2,496 | URC SW Synod Deposit fund | 300,000 | 302,436 | |
| 4,601 | 159,869 4,601 |
TOTAL CHURCH FUNDS Special Category Ministry Account (see note below) |
4,601 | 489,094 4,601 |
|
| 164,471 | TOTAL FUNDS HELD | 493,696 |
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.
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SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2025
| General Designated Restricted TOTAL £ £ £ £ £ £ A. INCOMING RESOURCES 1. OFFERINGS 15,774 Monthly Standing Orders 14,775 14,775 2,363 Loose 1,461 1,461 444 Other Donations by Members & Frien 591 591 5,672 Gift Aid claimed on the above 3,296 3,296 24,253 2. DESIGNATED & RESTRICTED INCOME - Buildings Fund - - - - Healing Fund - - - 816 Special Causes (Collected) - 1,406 1,406 - Gift Aid to Special Causes - - - 816 3. USE OF BUILDINGS 23,378 Standard Lettings (net) 33,860 33,860 4,600 Church Groups 5,275 5,275 98 Other Users 102 102 1,134 Coffee Concerts 523 523 9,100 Ground Rent (Berkeley House - net) 9,100 9,100 38,309 4. WEDDINGS & FUNERALS 1,645 Fees 475 475 - Offerings at Weddings & Funerals 200 200 1,645 5 OTHER INCOME 99,958 Legacies, etc 50,500 50,500 - Sundry Receipts 20 20 - ManseCouncil Tax and Water Rate - - 8,160 Manse Rent 1,360 1,360 200 ECC Chaplaincy (net) - - - Miscellaneous income - - - Grants 3,517 3,517 2,627 COIF Investment Gain - - 3,152 Interest 11,363 11,363 88 Interest of URC SW Synod deposit 2,930 2,930 - Interest on rental account 35 35 114,185 179,208 TOTAL INCOMING RESOURCES 88,882 50,500 1,406 2024 |
2025 £ 20,123 1,406 48,861 675 69,724 140,788 |
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SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2025
| General Designated Restricted TOTAL £ £ £ £ £ £ B RESOURCES EXPENDED 1 CHURCH EXPENSES 27,684 Ministry & Mission 26,202 26,202 - Travel Expenses 1 - - 245 Manse Telephone/Broadband 236 236 - Books - - - Stationery - - 126 Other Expenses (inc Laptop) 382 382 652 Tax, NI & FCA share 1,248 1,248 725 Visiting Preachers 829 829 950 Organists 925 925 440 Wedding fees 75 75 30,821 2 CHURCH & HALLS 5,831 Caretaker 5 - - 1,688 Cleaning 13,945 13,945 2,658 Repairs and Maintenance 2 12,043 12,043 2,668 Legacy spending 16,456 16,456 23,327 Heat and light 5 17,382 17,382 717 Water Charges 871 871 908 Telephone and WiFi 5 463 463 - Lightning Conductor 180 180 914 Fire extinguishers & service 5 - - 7,013 Insurance 9,636 9,636 692 Organ and Piano Repairs 2 2,507 2,507 - Equipment 464 464 345 Cleaning materials 5 - - 46,761 3 MANSE 660 Repairs 2 267 267 622 Insurance - - 1,658 Council Tax and Water Charges 1,601 1,601 - Gas and Electricity Charges - - 2,940 4 OTHER GENERAL PURPOSE FUND - Resources - - 50 Flowers and Gifts 52 52 22 Web Site 149 149 680 Photocopying 176 176 - Refreshments 65 65 380 Secretarial Expenses 357 357 465 Subscriptions & Licences 551 551 124 Away day for Exeter elders 75 75 245 Donations 4 10 10 - COIF Investment loss 1,120 1,120 - URC SW Synod rental fund to Synod 1,831 1,831 1,965 5 DESIGNATED/RESTRICTED FUNDS - Buildings Fund 2 - - - - - Healing Fund - - - 1,101 Special Causes 4 - 1,466 1,466 1,101 83,588 TOTAL EXPENDITURE 93,642 16,456 1,466 2024 Footnotes |
2025 £ 29,896 73,947 1,868 4,386 1,466 111,562 |
|---|---|
The footnotes refer to Synod designated 'Deductible' Items of Expenditure:
-
Ministers' Car Costs (Total £0) 2. Repairs & Decorations (Total £12,043)
-
Capital Works & Projects (Total £16,456) 4. Benevolent Gifts (Total £1,466)
-
Expenses incurred in respect of Lettings (see page 3) (Total £33,860 of which 45% claimed = £15,237 representing 36% of total letting receipts of £33,860)
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SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
MOVEMENT OF FUNDS FOR THE YEAR ENDED 31st DECEMBER 2025
| General Purpose Accumulated Fund Totals Designated Buildings Funds Buildings Fund Legacy fund Totals Restricted Funds Healing Fund (Noblet) Special Causes URC SW Synnod Manse fund 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 2025 2025 2025 2025 31.12.2025 £ £ £ £ £ £ 56,863 71,259 3,296 14,327 (93,642) 52,103 56,863 71,259 3,296 14,327 (93,642) 52,103 3,219 - - - - 3,219 97,291 50,500 (16,456) 131,335 100,510 50,500 - - (16,456) 134,554 2,347 - - - - 2,347 149 1,406 - - (1,466) 89 - 300,000 - - - 300,000 2,496 301,406 - - (1,466) 302,436 159,869 423,165 3,296 14,327 (111,563) 489,094 4,601 - - 4,601 164,470 423,165 3,296 14,327 (111,563) 493,695 |
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SOUTHERNHAY UNITED REFORMED CHURCH, EXETER
DETAILS OF SPECIAL CAUSES FOR YEAR ENDED 31st DECEMBER 2025
| Commitment for Life Christian Aid St Petrocks (Coffee) City Centre Chaplaincy DEC Food bank Open Table Guide dogs Mercy Scouts Advent special Exeter community Exeter Leukemia Fund Contact Centre |
Balance 01.01.2024 £ 60.00 - - 200.00 1.00 - - (10) (6) (4) (20) 20 (92) 149 |
Collected 2025 £ 30 170 759 - - 199 247 - - - - - - 1,406 |
Gift Aid Paid Out Balance 2025 2025 31.12.2025 £ £ £ - (50) 40 - (185) (15) - (684) 76 - - 200 - - 1 - (200) (1) - (247) - - - (10) - - (6) - - (4) - (100) (120) - - 20 - - (92) |
|---|---|---|---|
| 0 (1,466) 89 |
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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:
-
(a) General Purpose Funds may be used for any legitimate activity of the church without constraint.
-
(b) Designated Funds are funds which are held for the general purposes of the church but which have been separately ‘designated’ for specific purposes. They are funds which could be reallocated back into General Funds at any time if so decided by the Church Meeting.
-
(c) Restricted Funds have specific purposes from which monies may not be diverted and
-
may have been established by Legacy or Deed.
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 2025).
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 2025 as follows:
| Church Premises | £ 12,341,096 |
|---|---|
| Contents | £ 826,395 |
| Business Interruption | £ 300,000 |
| --------------- | |
| Total | £ 13,467,491 (2024 £15,172,724) |
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: Dick Gray, Church Treasurer
Date: 27/03/2026
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