LONDON STREET (BASINGSTOKE) UNITED REFORMED CHURCH CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024 The Trustees of London Street (Basingstoke) United Reformed Church present theirannual report and financial statement for the year ended 31st December 2024. The Trustees confirm that they comply with the requirements of the Charities Act 2011. the Charities (Accounts and Reports) Regulations 2008. and the Statement of Recomrnended Practice for Accounting by Charities 2019 as applicable to charities entitled to prepare accounts on the receipts and payments basis. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 forthe prevention and detection of f raud a nd other irregularities. ADMINISTRATIVE INFORMATION London Street United Reformed Church, situated at London Street, Basingstoke, Hants, RG217NU,' is a local church of the United Reformed Church and is a member church of the Wessex Synod. It was registered as a Charity (number 11308011 with the Charity Commission on 28 July 2009. We are known as London Street 18asingstokel United Reformed Church, and we take our structure, governance and management from the Scheme of Union of the URC which is set out In a document known as 'The Manual,. Our objective as a Charity 15 the advancement of the Christian falth for the benefit of the public in accordance wlth the Scheme of U nlon, We achieve that through our actlvities and facilities offered to the community by our bulldlng. Apart from the Revd Josh Thomas who is appointed by the Wessex Synod of the United Reformed Church as the Interim Minister of London Street (B35ingstoke) United Reformed Church, the members of the Elders, Meeting for the tlme belng are recognised as the charity trustees. Those who served from 1st January 2024 until the date this report was approved are: Revd Josh Thomas (Interim Mlnlster untll 315t December 2024) Mr Owen Collins (Church Secretary until 31" December 2024) Mrs Gill Miller (Church Secretary from ISI January 2025 5t Miss Karen Bell (Church Treasurer untll 31 October 2Q24) Mr Kengiisu Moavu (Church Treasurer from 1st November 2024) Mrs Wai Leng Ayland Mrs Margaret Carrick Smith Mrs Joyce Cook Mr Matthew Dumbleton (from ISI January 2025) Mrs Elizabeth Foster (from I" January 2025) Miss Alison Jamieson (until 31st December 2024) Mr lan Mccloy Mrs Jenny Mccloy Mrs Maggie Morgan5 Ifrom l$t January 2025) Mr Tony Patterson Mr lan Scott Not all serving Elders underwent formal training in 2024 for their duties specifically as Trustees, other than to acquaint thernselves with thelr responsibilities when required to do so, for example in connection with the safeguarding of children and vulnerable adults. and health and safety generally. With effect from I" January 2023, all those nominated to serye as Elders are required to declare their Intention to undertake such training as directed from the General Assembly Executive. R8gistered Charity 1130801 Page 1 The Church building is vested in The United Reformed Church (Wessex) Trust Limited as trustees and held for the berrefit of London Street United Reformed Church in accordance with the trusts applicable to URC properties. The manse at 6 Camberry Close, Basingstoke, Hants, RG213AG is also vested in The United st Reformed Church (Wessex) Trust Limited as trustees but since 31 August 2021 is not held for the benefit of London Street United Reformed Church as a consequence of the then rninister accepting a call to a new pastorate. STRucfuRE, GOVERNANCE AND MANAGEMENT The activities of London Street United Reformed Church are overseen by the Elders, Meeting of the Church in accordance with the provisions of The Strutture of the United Reformed Church deterrnined by the General Assembly of the United Reformed Church and supplemented by the Constitution Df London Street United Reformed Church. The governing document of the registered charity is a statement adopted by the Church Meeting on 20 May 2009. The Elders, Meeting is responsible for the financial administration of the Church, and the care and maintenance of Church premises. The Church Meeting (of those members who are present) gives general guidance on the life and work of the Church. The members of the Elders, Meetlng are the mlnister in pastoral charge {if any) and up to 12 member5 of London Street United Reformed Church nominated and elected by the members of London Street United Reformed Church in Church Meeting; the Church Secretary and Church Treasurer are ex officio member5 of Elders, Meeting. Elders serve for 3 years, retlre by rotation and are eligible for re-election. Elders rnay serve 2 consecutive periods and, thereafter, must walt l year before becoming eligible for re-election. Elders, Meeting met on 11 occasions durlng 2024, all being conducted via 2oom video conferencing. Church Meeting of London Street Unlted Reformed Church met on 6 occasions durin8 2024. Our quorum for the year was set at 11. The Basls of Union states the functions of Church Meeting and Elders, Meeting. The minister and the elders collectively share the duties and responsibilities Outlined for the Elders, Meeting along with accepting the ultimate responsibility for directin8 the affairs of the Charity as laid down by the Charity Commission. The general control and management of the administration of the Charity is further exercised by representative Elders being members of the Church's four main committees: Finance- managing all the day to day financial responsibilities and the preparation of the accounts: Property- mana8in8 the maintenance of the Church; Children and Youth Work - instituting and overseeing the work with children and young people; and Mission - ensuring that the Church demonstrates its concern for the local community and the world. Matters are then conveyed to Church Meeting. OBJEcfivES AND ACTIVITIES As a local congregation of the United Reformed Church, London Street Unlted Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its bu ilding. The Elders, Meeting is aware of the Charity Commission's guldance on public benefit in The Advancernent of Religion for the Public Benefit and has regard to it in the administration of the Church. Regislergd Charily 1130801 Page 2 The Elders, Meeting believes that the Church provides benefit to the public by: providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit fram what the Church offers; and; promotin8 Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole. REVIEW OF AcfiviTIES AND ACHIEVEMENTS London Street United Reformed Church continued to hold public services of Christlan worship for all ages on Sunday mornings throughout 2024. We continued to serve the community here in Basingstoke. Throughout the year with the help of the Community Food Link we continued to serve many Indlviduals and families within our local community by bringing in food from the supermarkets destined for land fill and on a Saturday at lunchtime opening our food table to distribute it to those in need. Durlng the week on a Monday, Tuesday and Thursday lunch tlrnes, we ran our hot food table utilizing food from the superrnarkets and serving it to those in need who came to the table. Both have provided an Ideal opportunity to engage in conversation with customers and passers-by. The Memory Tree Social Club meets every week on a Wednesday. It is an opportunlty for people diagnosed with Alzheimer's and other types of dementia and their carers, to relax, enjoy themselves and make new friends. With an average of 25 to 30 vlsitors every week, we provide a unique and special place where they can relax and talk to other carers and people with dementia. The Craft Club meets every week on a Monday. It is an opportunlty forfolk to learn a new craft, to share news and skills. It continues to welcome people who have no other connection with London Street. FINANCIAL REVIEW In 2024 regular offerings of £48,728 were received which was a 3% increase on 2023's £47,286. The Church's letting income also increased by 13% to £19,294, however the 8eneral expenditure on gas and electricity increased by 26% to £42,471. Much of this increase was due to corrections on previous bills caused by the use of estimated meter readings. During 2024, new supply contracts were agreed and meter readings regularly supplied. In addition, further work has been carried out on the Church's electrical systems to ensure it meets modern standards and the heating system needed a number of repairs. The tot31 spend, on premises maintenance and insurance wa5 £20,787. Church Meetin8 has previously agreed to support the work of the food table which operates outside the front of the Church's premises. This work is now a mission of London Street URC, and financial support is no longer recelved from other churches in Basin8Stoke. The existing Community Café funds, which were created when café was being run from the Church, have been closed during 2024, and new Mission Kitchen Funds created for the ongoing work. Although grants have been applied for, none have yet been approved so it is for Church Meeting to fund thls work. Most of the food, provided to members of the local cornmunity, comes from local supermarkets to stop it Eoing into landfill. Additional costs are incurred for the Kitchen Supervisor's wages, kitchen equipment and maintenance, the packaging needed to distribute food, and any supplementary Regist8red Charity 1130801 Pagg 3 ingredients that are required. A small amount of income is generated from voluntary donations given by the recipients of the food provided. In 2024, it cost £22,138 to run the Mission Kitchen {including a proportion of the Church's utilities and cleanin8 Costs). The church's reserves policy, to retain six months expenditure as "free" reserves, means that the General Fund end-of-year balance was required to be £16.371. However, the usual policy of transferring funds, from the Buildings Reserve Fund, if the General Fund balance was insufficient rneant that the 8uildings Reserve Fund was left with an end-of-year debit balance of -£66,024. (There was already a debit balance from 2023.) To rectify the situation, money was transfèrred from the Legacy ReseNe Fund, to the Buildings Reserve Fund, so that the latter's balance was 2ero. Thls report Was approved by the Trustees on the Secretary, {Gill Miller). 025 and is slgned on its behalf by the Church Reglstered Charify 1130801 Pag8 4 London Street United Reformed Church End of Year Financial Statements (Amounts are in £ sterling, rounded to the nearest £) Year ending 31" December 2024 Registernd Ghanty 1130801 Pagg 5 ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice for Accounting by Charities 2019 issued by the Charity Commission, and the United Reforrned Churth guidance. London Street's financial statements are prepared using the receipts and payments basis. The principal accounting policies set out below are applied consistently. Ib Fund Accounting Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectlves. Restricted funds are subjected to restrictions on their expendlture imposed by the donor, or contalned in the terms of a grant. There are no endowment funds included within these accounts. Ic Tanglble Flxed Assets Freehold property.. The Trustees of the church and manse buildlngs are the URC Wessex Synod Trust who hold them upon trust for purposes connected wlth London Street URC. Expenditure incurred on the church and manse is written off in the year it Is Incurred. Investment assets: These are stated at mid-market values on the balance sheet date. Changes in valuatlon over the year are recognised in the Statement of Flnanclal Actlvities. Id Incomlng Resources All voluntary givin8 is included in the flnanclal statements for the perlod in which It is received. Donations under Gift Aid are recognised as income when the donation is received, the tax recovery Is recognlsed as Income when the claim from HMRC is paid. Legacies are accounted for when recelved. All other income is generally recognised when it is recelved. le Resources Expended The URC Ministry & Mission Fund contribution is paid regularly and is included in the financial statements for the year to which it is paid. Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. Governance costs represent dirett expenditure on the governance of the church, including the production and Independent Scrutiny of these financlal statements. As most of the management and actlvlty of the church is carried out by volunteers, this intangible cost Is not included In the financial statements as this voluntary contribution to the life of the church is incalculable. If Taxatlon As part of the United Reformed Church, the church is an excepted charity within the meaning of the Taxes Acts. Accordingly, it is potentially exempt from taxation in respect of income and capital gains received to the Ragistared Chty 1130801 Pag8 6 extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements. Ig The Trustees have a policy to maintain sufficient unrestricted funds ta pay for 6 months necessary expenditure and any legal obligations related to the employment of any paid staff. These reserves are heSd within the General Fund. Reserves FUNDS 2a Designated Funds The church operate5 seven Designated Funds with the encouragement of Church Meeting. A designated fund is nominally allocated to a specific purpose,. however, Church Meeting can decide to use the money in the fund for a different purpose if it wishes. IO% Fund - This fund is used to support the work of the wider United Reformed Church and local ecumenical Initlatives, Payments are approved by Church Meeting. Buildings Reserve Fund- Thlsfund provldes a reserve of moneywhlch can be used to maintain the Church and manse buildings. The Finance Committee transfers excess moneyfrom the General Fund into this fund at the end of each year. Minister's Discretlonary Fund - This fund is used by the Minister, It contains a small reserve of money whlch the Minister can draw upon to support pastoral concerns that may be encountered during his/her day-to-day activities. The status of the fund is checked, when necessary, by Church Meeting and rnoney transferred into it, from the Gener31 Fund, If necessary. Premises Fund - This fund is used for the day-to-day running of the Church and Manse bulldings. Servicin8, Insurance and other maintenance actlvities are included. At the end of each year, the Finance Committee transfers money from the General Fund into the Premises Fund so that the end-of-year balance is £0. Community Cafe Fund This fund was used for the day-to-day trading of the mission work done under the Community Cafe umbrella. Income is generally donations towards food and drink and expenses are incurred to provide stock and kitchen equipment. However, the work of the café changed and developed, and it is now a London Street URC mission to provide hot food to the community. Therefore, a new Mission Kitchen Fund has been created in the 2024 accounts; and the Community Cafe fund will be closed at the start of 2025. Misslon Kitchen Fund - This fund is used for the day-to-day mission work providing hot and cold food to the local community. Most of the food is surplus supplies provided by local supermarkets, instead of it being sent to landflll, butthere are costs associated with purchasing packaging, kitchen equipment and repairs, and some additional ingredients. Income is generally donations towards food and drink. Thi5 fund also provide5 a ontribution towards the utllities and cleaning costs of the Church buildings; the amount is calculated based on usage of the Church buildings. Legacy Reserve Fund This fund is used for a significant legacy the Church received in 2023. The income generated by it is retained within the fund. The Elders, as Trustees, and Church Meeting are considering how best tQ Use the fund to support the Church and its work. Re9st6￿d Cherity 1130PA11 P8g9 7 2b Restricted Funds The church accounts include six Restricted Funds, where the monies can only be used for the specific purpose for which they were entrusted to the church. These monies are not at the disposal of the Church Meeting for any other purpose and represent: Commitment For Life Fund - The church supports the central URC'S Commitment For Life project. Money given to support this project is held by this fund. There is a special Communion Collection to support this fund. Fund-Raislng Fund This fund is used to handle donations made for specific causes which pass through the Ch￿rch'S accounts, e.g. Basingstoke Town Chaplaincy. Memory Tree Fund A weekly support group for people with dementia, and their carers, is run at London Street. The church acts as Its "bankers Community Café Fund This fund was used for the ecumenical mission work under the Community Café umbrella and any donationsthat are restricted to the work of the Community Café. The Community Café fund Is being replaced by a Mission Kitchen Fund and it will be closed at the start of 2025. {See section 2a "Designated Funds" for more information.1 Mission Kltchen Fund Thls Is the restrlcted part of the Mlssion Kltchen Fund and is used for any donations that are restricted to the work of the church's Mission Kitchen. (See section 2a "Designated Funds" for more information.) Refugee Rental Accommodation Deposit Fund - This fund was created when the Church wanted to support refugees and asylum seekers who were an important part of the Church. If they had their asylum applications approved, they often had to move out of Home Office funded accommodation at very short notice, but they weren't provicled with the money needed to pay deposits for alternatlve accommodation. Another UK charitv made a grant to this fund so that the Church was able to use it to help those who urgently needed to pay deposits for new accornmodation. It is hoped that some of the recipients of the grants may be able to repay them in the future, if their circumstances allow it, but this is not a requirement. Any money which is not used, or is repaid to London Street, shall be returned to the charity which made the initial grant to London Street if there is no likelihood of it being needed in the near future. Ra￿stered Ch&Tty 1130801 Page 8 Statement of Financial Activities Unrestricted DeNignated Restricted Endowmeot funds funds funds nds TO1￿ Prior year fundj tot￿ fvndg R¥elpt$ InGorning rtgOUf¢e$ from generated fijnds Voluntary in¢oM0 Activities for gen8raling funds Inve8lNenl income Total Incom& 54,929 27,810 786 3,090 87 149 3,306 56,806 27,877 425.068 26.100 14,663 468,861 82.849 14.877 101.033 Payments C081s of generntlng fvnds Inv88tm8nl man8g@mènl costs Charrtable adivities URC Mlnlslry & Ml8won Fund In￿torial costs Costs of church aclNitles Gran18 payable and restricted donation8 pa88ed on Total exp•ndlture 36,357 2.041 67,S52 36,357 2,041 96,e63 2,463 36,357 1,955 134,522 2,039 28.224 1,087 2,319 106,18S 21,224 3,408 1J7,8115 174,gJLS Gain3 I l¢sBe$ ¢n Investment isoets Net income I l*¥penditur*) r•sourc•s belore transhr 123,3361 111.7741 (99) 136,209) 29QJ17 Transf¢rs Gro•8 tran$lers t¢￿veen fiJnds- In Gross tran8hr8 ba￿08n fvnd5. QUI Olhw r•cognl$ed galn$ I loss•¥ Net movement In funds 55,760 142.9251 108.949 <120,7841 164,709 (164,709) 172,343 1172,3431 11,0001 110,8D11 123,809) 11,099) 136.209) 290.917 Total funds brought ftKwawd 26.871 313,926 2,888 92.867 Total funds carrt•d lo￿ard 16,271 330.316 1,089 348.276 383084 Represerrted by Unr•strlcted General fund 16.371 18,371 28,871 D•slgn4t•d 10% Reseive Fund Buildinuy Regerye Fund Legacy Re$erv¢ Fur)d Mlntstg¢$ Dlscrelionary Fund 10,776 10,778 10,Tr8 126,7881 389,840 97 319,480 319,480 Restrlcted ommllmonl For Ufe Fund Fund-R4lslng Fund Memory Tree Fund Refugee Rgntal Accommoda1￿n DgPOSrt Fund 228 128 1,208 27 228 126 1.208 1,180 1,251 25 Regstered Cha7ty 1130801 Pagg 9 Balance sheet General Deli ated Restricted Endowment This Last 'ear Flx•d a$s•lÈ Investments 151,573 181.673 151573 161173 curfent assats Cash al bank and In hand 16.371 16.371 178,743 178.Y43 1.79(1 198.904 383A84 LlabHltle• Credrtor8.' AnKJunts faning due In one year 202 202 202 202 Net ¢urrent assets less current Ilabllltl•s 18,371 178,743 1.689 196.702 383A84 Total •88et8 less curi•nt Il•bllllle$ 16.371 330.318 1,619 348376 383AB4 Tcrtal net as8et8 less liabillties 16.371 330.J10 1,689 348,2715 383084 R•prns•nt•d by Unrestrictad Gtrneral fund 18,371 16,371 26,871 Deilgnatad Prem15es Fund Buildings Re8ef¥e Fund Mission Kfcch8n Fund Communtty Cafe Legacy Reserve Fur 10% Rtterve Fund Mini81et8 Dr*crelionary Fund lJ,7881 319,480 10,776 eo 319,480 10,T16 389,840 10,776 Restrlct¢d Fund-Ralslng FurKI Mios4on Kttchen Fund Communty Cafe Memory Tree Fund Comm11r￿n¢ For Llfè Fund Rofugge Rental Alxommodatbn Oepo8tt Fund 126 126 1,180 1,208 228 1.208 228 27 1,251 231 25 Fund$ *)f the ¢hur¢h 330 318 383 Not¢: The Premlses Fund was cleared at the end of 2024 as per our normal poliry, with a transfer of £20,787 from the general fund. Thls with the higher General Fund reserve meant 3 £39,236 transfer from the Bulldings Reserve Fund was needed to meet the General Fund Reserves pollcy. The Bulldlngs Resenie Fund showed a debit balance at the end of 2023 due to tr3nsfers tothe General Fund to meet the General Regerves pollry. Furthertransfers, in 2024, left the fund wlth an end-of-year deblt balance of £66,024. Al the end of 2024 suff icient fund5 V￿re moved. from the Legacy Reserve Fund, to return the Build ReSe￿e Fund's balance to £0. See the "Fund Transfers" section, near the end of these Flnancial Statements, for further informatlon about 2024 f und transfers. R9gJstered Chanty 1130801 Page 10 Statement of assets and liabilities General Desl a¢¢d Restricted Endowmcnl This IAst ear Fixed a¥sels . 5nvestm¢nt$ COIF Cha￿￿e5 Ethic41 Investment FUNI - Totsls 151573 151,673 111,573 Current ass*s - Cash at bank and In hand CAF 8ank- CCLA COIF Ctrorth'0$ Oep08rt Fund- 96,241 165,0501 243 793 178,743 1,841 149 1,790 32,&32 164072 196.904 10,47e 373 OD8 383AB4 Totals 18,371 Llabllftles- Agency aocounts Agency collection8- 2D2 202 202 202 Totalj Grnnd tot•1 76 Registered Charity 1130801 Page 11 Fund movement by type nin Incomin Out oin Trangfers GainsAoises Closill Gen￿41 - G¢n•ral funcl UnrestrKted 82.849 82,849 Sub4otal fof General 26,871 106,185 12.e36 18.371 Pr•mi8•s . Premises Fund Deslgnated Sub4otal for p￿Se5 20.787 20,787 Bulldlngs - Bullding8 Reserv• Fund Deslgnal&d Sub4otal lor Bulkllngs 128.788} FundRal#•- Fund4lal8ing Fund R•¥trirted 1 180 1,180 307 307 126 128 Sub-total for FundRals 1,361 MsnKltch . Mlsslon Kttchen Fund Designalad Ré6thctod 786 67 803 7.4DO 67 7,407 6.614 Sub4ot•l for M￿KItCh 6,614 ¢ommCafe - CornmuTrlly Cafe Fund De8Igrtated Restil¢ted Sub4otal lor Conrtala Legacy- Lega¢y Re8•M Fund D8sigrrdted 8ub4olal for Legacy 389,840 14,091 188,024) 1.073 319A80 IOP•rc•nt- 1D% R•serv• Fund Dosignated 10,776 10,778 Sub4otal lor 10P•runt 10.776 Mlnlst•r• - Mlnlstey's Dlscretk*nary Fund D8signated 97 97 37 37 Sub-total lor fvlnlsters m￿Ory - Manory Tr•• Fund Restrlctsd Sub4otal lor M•mory 1,211 1,976 1,020 11.000) 1.208 c￿nMItment . Commitmert POT Lift Fund Restricted 231 231 458 408 228 221 8ub4otal for Ccwnmltment RelRent- Refuge• R•nlo1 A¢¢om. Dep. Fund Raslriclffd 500 600 Sub-lotal for RelRent 601 Grand totsl 84 101033 137 810 Re￿stered Gharity 1130801 P89a 12 Analysis of income and expenditure Tot ar d Desi ricted nt Thi4 Lust ear INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary income Freewill Envelopes 280 Loose INOI GASDSI 572 Loose IGIft AKI Small Donations 4,804 Scheme) Direct to Bank Gift Aid Tax Refunds Shared Meals L8garies Gffts In Memory Commitment for Life Envelopes Commitment for Life Donations Basingstoko Town Centre Chaplains Memory Tree Donation Heat & Light Donations Church Refreshments Donations Mission Krtchen Rec81Pts Community Cafe Donations Communrty Caf• Regular Donation$ Grants Christmas Co118Ction Emergency Appeals Donations (non LSURCI 280 572 4,804 1,593 155 5.589 43,071 43,071 39,949 10,991 126 357,878 414 500 75 414 500 75 300 143 266 1,881 2,600 563 786 300 143 266 1,881 300 120 714 2,590 2,600 563 1,525 900 1,500 683 240 318 425,068 2,050 soo 2,550 Total 54,929 3,090 58,806 Incoming resources from génerated funds - Acllvhles for generating funds Am8zon Smile Craft Grcup Church Insurance Cl8lms Listed Places ofworship Scheme Payment Missi¢n K¢(¢hen Donations Community Cafe receipts Sunday Coffee Lettings Rent Church Fees 38 50 7,398 8,516 8,516 87 1,087 481 18,991 75 28,100 19,294 19,294 Total 27,810 67 27,877 Incomlng resources from oenerated funds - Investsment Income Bank Intergst 110 10,886 Investment Income Distribution 149 11,125 14,683 Total INCOME TOTAL 110 14 091 14 877 149 101033 465 851 R6•slgrad Charity 1130801 Page 13 EXPENDITURE Costs of generating funds - Investment managemenl costs Bank Charges 90 90 90 Total Charitable actlvitie$ - URC Ministry & Mlssion Fund Ministry and Mission Total 38,357 36.357 36,357 Charitable activities - Ministerlal costs Minist8r's Expenses Mileage (Ministér) 59 59 179 Total 2,041 2,041 1,955 Charitable activities - Costs of church activities For the reasons stated in Accounting Policy note 1 c, Ihe Church and manse buildings are not tangible fixed assets of the churGh. For Insurance purposes the church buildings are insufed by the church for £9,502,000. The church contents are insured by the church for £345,320. The organ is insured fof £134,400. The manse Is Insured bythe We$$ex Synod of the Unrted Refomied Church. Church Misslon Church Discipleship Shared Meals Memory Tree Church Electricity Church Gas Church Telephone Church Watér Church Insurance Church Repairs l Maintenance Church Fabric & Fittings Church Boiler Service Church Lift Servic8 Church Organ S8rvic8 Church Fire Extinguisher Church Kitchen Equipment Church Kitehenware Cleaner5 Wages Pension- Employer Pension- Employee Cleaning Supplie$ Carpet Cleaning Printing (Non Minisler) Administration Reform Subscriptions Data Prot8Ction Register One Church Subscription Small Capital Expenditur8 TV Licence CCL Licence CLA Church Licence Other Llcen¢es Church Refreshments Provision5 Mlssion Krtch8n Provisions Mission Krf(chen W8g85 Mission Kff(chen Equipment Misslon Krtchen Repairs and Maintenance Church Hosted Catering Costs Community Cafe Provisions 95 95 427 169 775 19,033 14,625 583 411 7,804 53,794 160 1,051 788 173 173 1,020 6,685 35,806 649 712 7,637 9,466 74 2,302 567 420 322 1,020 6,665 35,806 649 712 7,837 9,468 74 2,302 567 420 322 215 1,200 992 q4,346 992 14,348 182 216 787 11,891 338 150 1,105 300 1,377 478 36 35 150 162 216 787 1,874 829 1,874 829 35 160 119 171 35 160 119 171 159 315 176 285 149 149 915 5,181 139 854 915 5,114 139 854 67 161 161 1,225 Regstared Ch*ity 1130801 P8g8 14 Communlty Cafe Kitchenware Community Cafe Equipment and Furnishings Community Cafe- Repairs & Maintenance Community Cafe Wages Pulpit Supply Mileage (Non Ministerl Musician Fees s8crola￿s Expènses Treasurerfs Expen$o5 Pastoral Childiens Work Church Activrty Events 1 Costs 188 4.714 1.761 5,366 735 298 1,480 172 112 333 245 85 134,522 780 217 1,760 60 25 452 367 170 87,552 780 217 1,760 60 25 488 367 170 96,863 37 Total 28,224 1,087 Charitable activities - Grants payable and r•stricted donatlons passed on Commitment for Life Payrngnts 458 Basingstoke Tovm Centre Chaplains 341 Grants 500 Christmas Collection 388 Emergency Appo8ls 272 Donations 360 4S8 341 soo 388 272 504 154 81 1,5C)O 305 145 145 108 185 Total EXPENDITURE TOTAL 137 815 174 935 GRAND TOTAL 99 290 917 Réysterad Charity l 130801 Page 75 Fund Transfers Unre8trlded Out Deslgnated Out Restrlcted In Out General -£20,787 to Premises {to cleai debrt balance) £20,787 Mission KrtchÉn -£11,640 to General (Utilities) £11,640 1 Mission Kitchen -£3,783 to General Icleanlng) £3,783 1 Misslon Krt¢hen -£100 to General (Admlnl £100 General -£22,138 to Mission l £88,024 £108,949 1 4120,784 £65,760 42,925 £0 -£1,000 Note,, Apportionment of Mlssion Krf(chon costs, in 2024. V￿re 25% for Cleaning, 25% for gas, 35% for electricity and 50% for water. Re￿$ter8d Charity 1130801 P8g& 18 Income l Expenditure Summary This note shows the balance be￿een unrestricted income and 8xp8nditure, in the General Fund, and the Premises Fund costs. It also includes other designated fvnds, which are used for the Churth's mission, and for vthich the General Fund is used to undepNrite the costs. (Lagacies and Gifts in Memory are excluded as their receipt is unpredictable.) A negatlve "Tolal. Indicates a running deficit durlng the year. General Spend 2024 2023 GeneTal Fund Income Gener81 Fund Expendilure Premises Funij Expenditure Msssion Kitchen Fund Income Mission Kitchen Fund Expendllure Sub Total Transfers to General Fund (Running Costs) 82,849 -106.185 -20.787 780 -22,923 -66,266 1,000 88,134 -93,088 -65,180 1,087 -25,187 .94,254 100 ** *** 4r4r4r and **** ***** Total -65,266 -94,164 2024 Freewill offerings were £48.728, (2023 £47,288, 2022 £46,905. 2021 £73,358, 2020 £47,578) Gift Ald was not cl8imed during Ihe year due to administration issues which are being resolved in 2025. The amount due is expected to be btheen £7,000 and £8,000. Premlses Fund expenditure includes essential malnlenance. 2023 Figures are tsken from the Communlty Café fund. (See section 28 "D88ignat8d Funds for more information.) Mission Kitchen expenditure includes utililies, admin and cleanlng ch8rges. Donations and Cha￿es for utility, cleaning and administratlon costs recelved from other funds not included in the table. Regislèréd Ch4rity 1730801 Page 17 TREASURER'S STATEMENT I have prepared the financial statements, on pages 5 to 17, for the year ended 31 December 2024. ILEKA￿3￿ (L ith(c/2D Moavu Kengjisu A'monju (name) i&ar Nkn- 4- w1T02g Isi8nature) (date INDEPENDENT EXAMINER'S REPORT I report on the financial st3tements of London Street URC for the year ended 31 December 2024, which are set out on pages 5 to 17. Respectlve responsibllities The church is responsible for the preparation of the financial statements and considers that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibillty to state, on the basis of procedures speclfied in the General Directions given by the Charlty Commlssloners under Sertlon 43{71(b) of the Art, whether particular matters have come to my attention, 8asis of Independent Examlner'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 connertion with my examination of the church funds, nothlng came to my attention which gave me cause to believe otherwlse than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. l 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, Signed by the Independent Examiner: date: I￿125. Mrs Gillian Craft 26 Foyle Park Basingstoke Hampshire RG213HD R8gist6fBd Chafily 1130801 P898 18