Central, Derby United Reformed Church Charity Annual Report and Financial Statements st For the year ended 31 December 2024 Registered Charity Number: 1130551 HM Revenues and Customs Number: X5623
Central, Derby, Unitsd Reformed Church Charity Contents Page Legal and administrative information Elders. Report Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-20
Central, Derby, United Reformed Church Charity Legal and administrative information The Elders l Tru6tees Mrs C. Fielding Mrs C. Gould Mrs M Hinchcliffe Mrs G Barling Mr S. Goodman Church addres8 Stuart House Green Lane Derby DE1 1RS Independent Examiner Martin Gadsby PKF Smith Cooper Limited Prospect House 1 Prospect Place. Derby DE24 8HG 8ank•r8 HSBC 1 St Peter's Street Derby DE12AE
Central, Derby. United Reformed Church Charity Elders, Report for tho year ended 31 December 2024 The Elders present their report together with the financial statements for the year ended 31 December 2024 which have been independently examined. In these accounts. for brevity, the Central, Derby, United Reformed Church Charity is referred to as the Church. Prlnclpal Activlti88 The principal activities of the Church are worship, promotion of the gospel, pastoral ¢are and ¢ommunity support. Flxed Assets The title deeds ol the Church are In the name of a Trust (The United Reformed Church East Midlands Synod Incorporated). In the event of the closure or dissolution of the Church this asset will revert to the Trust so they are not included in these accounts. Details of movements of fixed assets held in the name of the Church are shown in Note 2 of the aKount8. Trustees The Elders are Managing Trustees and so legally responsible for the running ofthe Chrch. The seNing Elders during the year ale stated on page 1. Trustees, responslbllltles statement The trustees are responsible for preparing the Trustees, Annual Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charrties In England & Vvales requires the Trustees to prepare financial statements for each financial year, which give a twe and fair view of the stste of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2015 (FRS 102): make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it Is inapproprlate to presume thal the charity will conts'nue in operalion., The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charrties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also sponsible for safeguarding the assets of the charity an hence for reasonable steps for the prevention and detection of fraud and other irregularities. In open xamlner By order of the Elders Mrs C. Flelding Church Secretary Date..
Central, Derby. United Refomied Church Charity Trustees, Report for the year ended 31 December 2024 The Elders, acting as Managing Trustees, present their report and the financial statements of the Church for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounts'ng policies set out in the notes to the accounts and comply with the charity's governing dOcUrrnt, the Charities Act 2011 and 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 on 16 July 2014 ISORP 2015 {FRS 102) as amended by Update Bulletin 1 published on 2 February 2016>. ance and Mana èm Governlng document The Church is part of the United Reformed Church, an organisation set up by an Act of Parflament. The church was entered in the Register of Charities with effect from 14 July 2009, and given the charity number 1130551. On the Charity Commission website, the governing document is defined as "Trusts distilled from the Unrted Reformed Church Acts of Parliament {1972 and 1982) and the Scheme of Union (1972)." Pollcle8 and procedures for Inductlon and tralnlng of tru8t8e8 The Elders are elected by the Church Members at the Annual General Meeting. An Elder must be a member of the Church and agree to serve as an Elder for a term of 3 years. Helshe can stand for re- election at the temination of the 3-year period. There are currently five serving elders. Other members of the congregation are being encouraged to consider going forward for the Eldership. New elders are provided with guidance notes published by the URC National Office. All elders have now completed Safeguarding training up to Intermediate level. One is waiting to complete advanced level. Organlsatlonal 8tructure The Eldership throughoul the year is reported in the charity particulars on page 1. The Elders are the trustees of the Church. The Elders meet on a mnthly basis. These meetings cover business matters, pastoral issues and ongoing training. Although the Elders collectively are responsible for the strategic direction and legal liabilities of the church, the day-to-day management of the church activities is delegated to specific groups There are two different types of groups: "Workin rou Four groups set up to oversee specific purposes.. 1) Church Life and Management (the church housekeeping); 2) Worship and Christian Living amalgamed with Social Responsibility: 3) Youth Work, and 4) Finance Team, which consists of the treasurer, a second elder and the paid bookkeeper. Each group has a Convener. Conveners report monthly to the elders, meeting.
Central, Derby. United Reformed Church Charity Trustee8' Report for the year ended 31 December 2024 (continued) _ Five groups which work with their own management.. the Monday Feiiowship, the Tuesday Tots, 3Fs (Fitness, Fellowship and Fun), Crafty Fingers, a monlhly craft group, Derby Inclusive Fellowship which meets monthly. Rlsk mltlgatlon pollcy During the year, worshipping numbers have increased. 2 people have been brought into membership. The members are the church's major source of revenue funding so the Church is still aware of its financial vulnerability in this regard. The Economic situation in the country in general is still a cause for concem and is still having an impact on our incorne. The congregation are regularly kept aware at bi-monthly church meetings of the slate of the churGh's finances and recognise that careful management must continue. Room bookings have remained stable. Derby Cty Llfe Links were unable to contlnue to lease our ground floor offices and have moved into smaller premises on the top floor of our main building. Their extra roorn bookings ceased. The electronic gates are now in situ, adding extra security to the already lockable car park. Iv lvl Charltable objectlves The Church's objectives can be classified into four maln areas: Worship, promoting the gospel, pastoral care and community support. Public B•neflt The objective of the Church is the advancement of the Christian farth for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church. This is achieved by.. Working with the local communty to provide addrtional support and faclllties where needed. Providing buildingslfacilitieslopen space Making grants to organisations and donations after fund raisin9 events. Providing services The Trustees have had due regard to guidance published by the Charity Commission on public benefit. IA In November. we called a new minister, Rev Kevin Jones, who will have oversight of 5 churches. A new manse has been purchased. The church will contribute a fifth of these expens85. He will start work in 2025. We were delighted that, despite having no minister, our pulpil secretary has yet again, managed to provide Worship leaders throughout the year so Ihat worship can continue on a weekly basis. This has provided a variety of worship styles which has been greatly appreciated by our very regular membership. A recent successful consultation on worship has led to new ideas on welcome and outreach. We have been fortunate that our church family has also taken seNices throughout the year. Our'Tuesday Tots. toddler group is growing. A new leader has been appointed to cover matemity leave. We have an active website, Facebook and Instagram page and QR code. Social media is a vital means of contact in today's society. We endeavour to keep these pages updated regularly. We continue to use our entrance hall as a means of connecting with our tenants and thg many visitors who come through our doors.
Central, Derby, United Reformed Church Charity Trustees. Report for the year ended 31 Decembar 2024 {contlnued) Staff and volun All the Elders are volunteers. During 2024 there have been five part-tirne staff on the payroll. Staff wages have been in line with the living wage rather than the minimum wage. Our part-time selfémployed book keeper continues to provide support to our finance team. The Church is heavily dependent on the extensive support of many volunleers in a wide range of activities but it is not possible to quantify the financial value. Financlal Revièw Principal fundlng Sources The Church's principal funding comes from freewill giving. In July, Derby City Life Links ended their tenancy of the ground floor offices. However, Ihey took over the vacant smaller space on the 3rd floor for a lower rental change. This is for a shorter period of time to be reviewed in March 2025. The vacant ground floor offices were advertised and we are hopeful that the new tenant will take occupancy in January 2025. We are aware that this reduction in rental income has had an effect on our overall income. We are also aware that we will need to look at ways of increasing our income to compensate for this. Vve have drawn down funds to mitsgate not only a drop in income but also to reflect the significant costs needed to refurbish the ground floor offices. We keep a careful watch on both our income and expenditure. How expendttur? has 8UPPOrted the key obJectlve8 of the church The Church is established primarily as a place of worship and to enable the promotion of the gospel. It is also a Meeting place to enable the provision of Church-related activities and community support. In addition, it is available as a refuge for those wishing to escape the pressure of clty Ilfe. V¢e are now enjoying the fruits of the work previously done to refurblsh this building. It has been used Increasingly to fulfil our aims and objectives. We will be looking for opportunities to develop thls further. During the year we have had new one-off bookings who hope to return. A¢hlév•m•nt8 We are continuing to make the community aware of our presence, Our fund raising has continued to be an important part of our mission and we feel it is important lo hold regular fund-raising activities for a wide variety of charities, Our links with the community have increased. We are delighted to have forged link with the local primary h0o1 which has involved visiis from them to the church and the church members to the school. One of our members is now the chaplain and visits the school weekly. Our links with Derby Inclusive Fellowship. (an LGBT+ group, run by 2 of our membeis) are getting stronger. Links with the U3A group are good and a joint initiative was held led by Fraud Protection Officers . We value the pastoral support given by the elders and other volunteers to all who are part of our community. All our existing groups have grown in number. The tenancy of the bungalow on Brayfield Road has been successful, with a good tenant taking care of the building.
Central, Derby, United Reformed Church Charity Trustse8' Report for the year ended 31 December 2024 Icontinued) Reserves pollcy The church has some financial resources from the sale of previous buildings and from bequests. The General (unrestricted) Fund, from the regular freewill giving, provides the day to day running costs. Much of the refurbishment work has been completed but there is always some mainienance work required to ensure the building is in a good and secure condilion. The level of unrestricted funds has increased to £83,879. Designated funds have decreased to £493.283 and restricted funds have decreased to £158,458. The overall position of the church has decreased to £735.620.00 The purF)ose of each fund is explained in the notes to the accounts. We review the funds every 6 months to ensure that sufficient reserves are maintained and that these are available to promote the work of the church. These funds include provision for development of the worship, care of its members and to address any needs which may arise within our local community. We endeavour to maintain a reserve of 6 months of funds to provide for our expenditure. Vts are confi'dent that wrth good financial management, the church has a sound future. Plans for the Futuro As stated earlier we conlinue to work with Becket School. We are also supporting the Derby Inclusive Fellowship, who worship monthly in our premises. We are aware that a new development for student accommodation Is being built next door to our premises which may offer new opportunities. Church Elders and Members are united in recognizing the importance of the position of these premises at stuart House within the City centre and are committed to developing a deeper relationship with our fellow fesidents to improve the environment both for the residents and visitors to our area. We are hopeful that new ideas from our younger ¢ongregation can materialise and open up new avenues of misslon. Mrn. Christine Fl•ldlng Elder and Church Secretary CJ(rtU-kn Approved by the Eldern on It) 4
Central, Derby, United Reformed Church Charity Independent Examiner's Report to thè Trustees of Cèntral, Derby, United Reformed Church Charity. I report to the Trustees on the accounts of the church for the year ended 31 December 2023 which 8re set out on pages 8 to 21. R08ponsibiliti68 and ba818 of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 {'the Act,). I report in respect of my examination of the charity's accounts 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)Ib) of the Act. Ind•pondont examlner's statement I have completed ry examination. I confirm ihat no material matters have come to my attention in conneGtion with the examination giving me cause to believe that in any material iespect- accounting records were not kept in respect of the charity as required by section 130 of the Act. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Re9ulations 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 wn in this report in order to enable a proper understanding of the accounts to be reached. Martin Gad8 Chartered Accountant PKF Smlth Cooper Llm5t•d Derby Date: 15 04. 102S
Central, Derby, United Refornied Church Charity Flnal Rejtrlcted nds UnroStrlct•d lun Oeslgnated Totsl 2024 funds Totsl 2023 fuThJ$ Inc+Jme Donabons & legacies charitsb aciivib'es l]her trading acti¥llJes InstffÈnts Ciher 21.380 5.887 53,950 7,438 7.702 29,451 5,887 69.750 31,872 7.8 65,094 7.027 7,693 15.80D 418 Total In¢q 957 Expendliure Charitabi8 actiwtie8 - Prewises cost5 Ministèrial Costs - Costs of 8ctiMti89 - &ants Payab and r•stricted donations p888ed on 59.528 44.861 1,389 970 8.820 4,834 13.222 6,372 79.122 44.861 9.847 9,202 8,958 68,191 42.273 10,581 245 8,013 6,245 100 53 3.373 6,162 Tot•1 •xpendltur• 145437 Ngt Incoffo 1 {expondllur•l N•t galn• l {loss••l on Inv8Stmonts Tran¥fern betw•on fd$ Funds In I lo) 93,496 {54,2001 {39,236} Ng1 moveftpnl In fvnd• T<>tsl funds brought loNrdrd Total lunds carrl•d forward 22.126 553,308 493 283 184.677 760.111 737.113 780 111
Central, Derby, United Reformed Church Charity 1 December 20 2024 2023 Fixed assets Property Church equipThnt 192,008 192,008 41,058 16,001 Total tangible fixed a886ts 233 066 208 009 Inv•stm&nts COIF insnts M&G lnstnnts 424,446 432.423 Total Investnts 424 446 432 423 Current as80ts HSBC HSBC 3F's account COIF dep)sit funds Debtors 16,456 1,342 57.204 13,971 69,629 2,716 53,724 Total current assets 88 973 126 069 Current Ilabllltle8 10,865 6,390 Net current as8et• 78 108 119 679 Net a880t8 735 620 760 111 Represented by funds Unrestricted funds Designated funds Restricted funds 83,879 22,128 493.283 553,308 158,458 184,677 Total funds 735 620 760 111 These financial statements were approved by the Elders. acting as Trustees. and are signed on on their behalf by.. Mr Sam Goodman Treasurer The notes on pages 10 to 20 form part of these financial statements.
Central, Derby, United Reformed Church Charity Notss to tho accounts for the year ended 31 December 2024 NOTE 1- PRINCIPAL ACCOUNTING POLICIES Basis of preparation The Church constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charits'es Act 2011, UK GeneraltyAccepted Practice and the United Reformed Church guidance. The Church has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds Ihat it is applying FRS102 Section 1A. The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistantly. No account has been made for any of the unspent money in the Derby A2C or Derby West Group accounts because they are immaterial. Cla88ification of Fund8 Funds are classified accofding to the manner In which they are allowed to be spent. The General Fund is unrestricted. It is for the day-tTrday running of the church and contributions to the wider church. Designated Funds are unrestricted funds ear-marked by the Trustees for particular purposes. A fund is designated for administrative purposes only and does not legally restrict the Trustees from using its discretion to reapply the fund. Restricted Funds are subjected to restrictions on their expenditure imposed by the tems on which the money was received, Flxed Assets The Holding Trustees of the church, are the URC [East Midlands Synod] Incorporated, (the Synod Trust), who hold them upon trust for purposes connected with the Church. This property is shown at £nil value in these accounts because. on disposal, the sale proceeds would be retained by the Synod Trust and would be available for future use at the Trust's discretion. The Elders of the church are the Managing Trustees. ii. The Eldefs are now responsible solely fer the day-to-day maintenance of the church. The Manse, maintenance has now reverted to the Dert)y Vlest Group, of which Cantral is a part, The Manse is now let and the day-to-day maintenance is supeNised by a lettings agent. Central makes financial contributions when requested by Ihe treasurer of this group. During the year this manse was sold and Central received a share of the money held. No depreciation has been applied to the freehold propety owned by the Church on the basis that thg Trustees consider that the residual value is of such magnitude that any depreciation charge would not be significant. ui Lt: Depreciation is provided al various rates calculated on a straight line basis to write off assets over their estimated useful lives.. Musical inslruments and fvmiture Projection, printer and kitchen equipment 10% 20Y¢ 10
Central, Derby, United Refornied Church Charity Notes to the accounts for the year ended 31 December 2024 (continued) Investments COIF and M & G investments held in the name of the Church are shown in the accounts at their fair value as at the year-end as advised by the investment managers. The COIF investments have been included in these accounts at their mid-market value as at the year end. The M & G was closed during the year. Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance condilions have been met, the amount can be measured reliably and it is probable that the income will be received. All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid plus the associated tax recovery are recognised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. Unless othenvise specified by the donor, legacies are allocated to the Bequests Fund (a designated fund). Income from the Bequesl Fund is allocated to the General (unrestricted) Fund except where othernise provided for by the donor. Expenditure The URC Ministry and Mlsslon Fund contrlbution is paid régularly and is included in the financial 3tstements for the year to which it relates. Resources expended are recognised in the period in which they are incurred 2nd include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. Governance costs represent direct expenditure on the govemance of the Church, including the products'on and independent scrutiny of these financial statements. As most of the management and activity of the Church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntsry contribution to the life of the church is incalculable. g. Taxation The Church is a gIstered charity within the meaning of the Taxes Acts. Accordingly, it is exempt from tsxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements. h. Government grants Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be mei and the grants will be received. Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the assevs carrying amount. 11
Central, Derby• Unlted Reformed Church Charlty NOTE 2- FIXED ASSETS Church Brayf*ld Rd Total Cost As at 1 Jan 2024 Additions Disposals As at 31 Dec 2024 66,473 28,340 192,008 258,481 28,340 192 008 Depreclatlon As at 1 Jan 2024 Charge for the year Disposals As al 31 Dec 2024 50,471 3,284 50,471 3,284 NBV as at 31 Dec 2024 41,058 192,008 233,066 NBV as at 31 Dec 2024 16,002 192.008 208.010 12
Central, Derby, United Refornied Church Charity December 2024 In Unrestricted Designated Restricted Totsl 2024 Total 2023 fund fund fund funds funds Donatlon8 and legaci08 Identified offerings Unidentr'fied offerings Donations and bequests Gift day Tax reCory Member subscriptions Transport subscripions 12,896 2,603 4,455 320 1,106 12,896 2,603 4,694 320 1,106 7.492 13,304 2,135 6,528 1.160 239 130 7,362 340 8,417 328 Total donatlons and legacias 369 Charitable actlvltles Room leth.ngs 5,887 5,887 7,968 Total charftable actlvltl Other tradlng activites Fundraising Propety rentals SeThice charges 1,308 45.862 6.780 2.335 3,643 45,862 2.495 37.420 25.179 13.465 Total other tradlng actlvlti Investnwnts Interest Diifidends 2,475 4,963 588 418 3,481 4,963 3,090 3,937 Total invostmènt income 418 Other Incom? Total incon 957 113 536 119654 13
Central, Derby, Unltsd Reformed Church Charity u9$trIcted Deslgnated R•8trScted Total 2024 Total 223 fvnd¥ funds fund¥ Pr?m56e• Costs Staff costs Insurance Fat. Itght & waler Maintenance & repairs Clher preriws costs 25.942 1,957 27.899 .883 24,770 13.018 25.935 S.762 20.129 24,276 1.753 674 500 11,26S 5.872 12,703 Total proff18e8 CO¥t8 372 nlstorlal cwt8 contribullon Centr rrini8ty ¢09ts Church gift8 43.176 1,379 43,176 1,379 306 1.413 Total mlnl•t•rl•l cogts Cost8 el act118$ r gilts Actimties. ewrrts and hospltslity TranSFrt for aGlbiib•s Trainers fees Foj for acb"Mb"es Tek8phone & intermt MthriaL8 & con$unbkns Equipnxnt pwoha8es & rgpairs 11 11 126 1,369 1310 1702 1,066 85 240 243 125 1.281 3.310 3.422 679 474 41 T4)t•l costs of Jct10 Grants pabl? and resrlctod donntloni on Local outreach Nati1 & intsmabwl QLr•a¢h 1,987 4,7C 1,545 2,516 2.490 Tolal 9rint• Pay1• and re•rlct•d don•tlon• pa••od Jn Gov•rnance ca•ts Administration costs IndeFththnl e>affanatlon lees 8ar Charg8S 6,033 2.680 6,229 2.520 255 145 Total gov•manc• co•t• 100 T¢)tsl C1• of ¢h•rIlal a¢tfvttl•• 492 139 276 ott éxpondRur• Otrpr8¢iation Clh 3.283 3.283 4.977 3,153 3,009 Total oth•r •xp•ndliur• Total •xpndlure 14
Central, Derby, United Reformed Church Charity Notes to the accounts for the year ended 31 December 2024 (continued) NOTE S- DESCRIPTION OF FUNDS nrestrlcted Fun Genèral Fund- Unrestricled This is used for the general day-lo-day running of the church. Expenditure Is authorised by a Group Convener, th8 Church Secretary or a church member responsible for the particular activity lo which Ihe expenditure relates. na A$s•t8 Fund - Designaled This fund is used to keep a iecord of substantlal Item8 of equlpment and lo record the depreciation in their valua. Youth Fund - Designaled This fund records all the financial activity associated splfICallY wilh children and young people. Bequeat/ Fund - Designated This fund was set up many years ago and continues to be augmented from bequests received. 11 is invested and the income is used to support the General Fund. Malntsnance Fund - Designated This Fund is to COV8r th8 regular malntenance of the overall bulldlng and 1$ a provislon for major repalrs and upgrading as and when il becomès necessary. It is recognized there are major repairs outstandin9 which will require substantial expenditure within the short lenn. Tum•r B•qu••t- Chur¢h- Designated The Beque81 has been given for the general purpose8 of the church ab801utely. to be managed to this end by the Ministers and Elders of the church. Mlnl8t•rs Dl•cr•tlonary Fund - De8ignaled This fund and its expendiiure Is at Ihe sole discretion of the minister. Re•trlc Outreach Fund - Restricted The Church support$ different ¢harilie$. Dt)nallons are recelved from members and others. Fundraising activilie5 are undertaken. The Church may also decide to donate part ol ils other income to spe¢ifi¢ ¢haritie$ or appeals. This fund records all these transactions. 'Re¢r•atlon Soclety - Re8trlcled At their meeting on 18th February 2021, the Elders voted to dissolve the Recraalion Society. The Funds held by ihe Recreation Society are under discussion. 'Yumer Bequest - Recreatlon Fund - Restricted The Recreation Soclety received a very substantial bequest . Th18 continues lo be used to support the work of the church within th8 community. 3F'8 - Fliness Fellowshlp arKI Fun - Restricted This activity was set up to enable the ¢hur¢h to reach to the community by providing physical and menlal Slimulatlon lo the elderly and dlsabled. Most of the income comes from the membership subscriptions. The physical exercises are led by quallfied and insured Irainers who receive fees for Iheir services. Food cosls for Ihe weekly lunches are a $ubstsntial part ol Ihe expenditure. Food is prepared and s8Ned by a team of volunteers. many of whom are church membeTS. Transport to and from the sessions is provided in Some ¢ases. S?rvlce Charge Fund - Re$tricted The church receives income from three tenants. They pay a rent and a seNice charge. The rent is fixed for a perity of years and augments the General Fund. The Service Charge is the tenanls, proportion of running costs and goes into the Sepiice Charg8 Fund to offset costs incurred. 15
Central. Derby, United Reformed Church Charity 2024 Funds brought kncoTring Outgolng Transfor Net galn l {10881 Funds Carrlod forward resourcei re8our¢o8 bolw•en funds on Inveslnwnts forward Unrestrfcted lund8 General fund 22,128 88.659 1120.402} 93,496 83.879 Total unrestrlcted fund• De8lgnat•d funds Asset fund Bequegts fund Maintenance fund Ministers disCrebon fund nday afÈrnoon le1b)lp fw Propgty fuNI Social fund Turner bequest (Chur¢h> fund Youlh fund (3,2841 {2,436) 111.2461 {10,188) 125,115) 192,008 143.871 13,381 164 2,410 39,964 235 101,250 166,686 24,501 259 126 4.477 2,319 37,748 235 116,390 (2151 128 {37) 2,216 120,590) 5,450 11,8621 Total deslgnated fvnd• 967 Re8trlcted fund• FI¢)r fuThJ Natibity fund ctreaCh lund Recreation society furKI SeNce charge fund Turner bequest recreaon furKI 3 Pg fund 169) 91 1,553 11,840 48,336 116,845 6,143 91 2.814 11,840 5,986 132,295 5,432 2.494 16,2401 5,ry)7 13,465 {5,8711 149,944> 5,770 9,880 7,1 {8.672) Tol•l mlrkted lund8 Total fvnd• 780 111 023 16
Central, Derby, United Reformed Church Charity Inv88tm•nts h•1 Value ay 1 Jan 2024 Gainl(Ios8l Value at 31 in yoar De¢ 2024 Pur¢ha•e Salo COIF Ethlcal Inve8tm•nt Fund Inrt Unil$ {8equest Fund} mulats'on Units {Propety Fund) cumulats.on Units {Tumer Bequest Church Fund) COIF Global Equity In¢omo Fund £cumulation Units {Tumer Bequest Re¢allon81 Fund> 17S,269 38,939 95.800 30.CWI 4,477 2,216 5,450 149,746 41,155 101,250 122,415 9,880 132,29S 432 423 22 023 2024 2023 Rental incow RS Gift auld GADSD 12,865 1,106 17
Central. Derby, United Reformed Church Charity 2024 2023 AccrualB Staff & admin costs Independent e>3mination trexh Energy Bank charges Service charges Waler Food Deferred income Business rates Bookkeeping C£neral ejpenes 1,720 2,600 1,0(X) 5,053 24 2.729 2.500 2,158 11 367 121 (5,844) 3.9 308 71 308 2024 Unrostrkte Designated Restrlcted d fund8 fund8 fund8 Total fund• Tangibl8 fi>d assets Inv8stsThnts Current assets Current liabilities 41,058 192,CK18 292,151 9,124 233,066 424,446 88,973 (10,865) 132.295 26.163 53,686 (10,865) NOTE 11- STAFF COSTS The total emoluments, including employerfs national insurance contributions of £Nil, of employees of the Church were £27,899. The average number of employees was 5 (2022: 5). There were no employees who received total employee benefits of more than £60,000. NOTE 12-TRUSTEES' REMUNERATION AND EXPENSES In addition, direct reimbursements of costs Incurred on behalf of the church totalling £3,796.26 have been paid to 5 trustees and a spouse. These amounts included the purchase of a new laptop new signage, legal costs and DBS charges, catering and various vouchers and leaving gifts and a gift supporting a church famity. NOTE 13 - RELATeD PARTY TRANSACTIONS Apart from those disclosed in Note 12, there have been no other related paty transactions in the year. NOTE 13- INDEPENDENT EXAMINER An accrual has been accounted for as a fee of £2,600 including VAT for the independent examination of the accounts. 18