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 Ch￿rch. 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 dOcUrr￿nt, 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
In*stffÈnts
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 f￿d$
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 in￿s￿￿nts
M&G ln￿stn￿nts
424,446 432.423
Total Investn￿ts
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 reCo￿ry
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
u￿9$trIcted Deslgnated R•8trScted Total 2024 Total 2￿23
fvnd¥
funds
fund¥
Pr?m56e• Costs
Staff costs
Insurance
F*at. Itght & waler
Maintenance & repairs
Clher preriws costs
25.942
1,957
27.899
.883
24,770
13.018
25.935
S.762
20.129
24,276
1.753
674
500
11,26S
5.872
12,703
Total proff18e8 CO¥t8
372
nlstorlal cwt8
contribullon
Centr* rrini8ty ¢09ts
Church gift8
43.176
1,379
43,176
1,379
306
1.413
Total mlnl•t•rl•l cogts
Cost8 el act1￿18$
r gilts
Actimties. ewrrts and hospltslity
TranSF￿rt for aGlbiib•s
Trainers fees
Fo￿j for acb"Mb"es
Tek8phone & intermt
MthriaL8 & con$un*bkns
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 Jct￿10
Grants p￿abl? and resrlctod donntloni on
Local outreach
Nati￿￿1 & intsmabwl QL*r•a¢h
1,987
4,7C
1,545
2,516
2.490
Tolal 9rint• Pay￿1• 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 C￿1• 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$s•t8 Fund - Designaled
This fund is used to keep a iecord of substantlal Item8 of equlpment and lo record the depreciation in their valua.
Youth Fund - Designaled
This fund records all the financial activity associated sp￿lfICallY wilh children and young people.
Bequeat/ Fund - Designated
This fund was set up many years ago and continues to be augmented from bequests received. 11 is invested and
the income is used to support the General Fund.
Malntsnance Fund - Designated
This Fund is to COV8r th8 regular malntenance of the overall bulldlng and 1$ 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)￿l￿p 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
c￿treaCh lund
Recreation society furKI
SeNce charge fund
Turner bequest recrea￿on 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
In￿rt￿ 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