## **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**|
|---|---|---|
Page 1
## **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.
Page 2
## **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**|
|---|---|
Page 3
## **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:
1. Ministers' Car Costs (Total £0) 2. Repairs & Decorations (Total £12,043)
3. Capital Works & Projects (Total £16,456) 4. Benevolent Gifts (Total £1,466)
5. 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)
Page 4
**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**|
|---|---|
Page 5
**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**|
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:
- **(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
Page 7