## **ANNUAL REPORT and ACCOUNTS** ## **For the YEAR ENDED 31 DECEMBER 2024** ## **FOR** ## **GUILDFORD UNITED REFORMED CHURCH CHARITY** **Registered Charity Number: 1130808** GUILDFORD UNITED REFORMED CHURCH CHARITY Page 2 ## **CONTENTS OF THE ACCOUNTS For the Year Ended 31 December 2024** ||**Page Number**| |---|---| |Annual Report and Accounts|3 --7| |Statement of trustees’ responsibilities in respect of the accounts|7| |Independent Examiner’s Report|8| |Statement of Financial Activities|9| |Balance Sheet|`0| |Notes to the Financial Statements|11 - 16| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 3 ## **ANNUAL REPORT and ACCOUNTS For the Year Ended 31 December 2024** LEGAL AND ADMINISTRATIVE INFORMATION ## **Name and Registered Number of Charity** The Charity is known as “Guildford United Reformed Church Charity”. Its registered number is 1130808. ## **Administration and Management of Charity** The charity is administered by the Trustees of Guildford United Reformed Church who represent the members of the Church and are the Minister of the Church and elected Elders of the Church. ## **Appointment of Trustees** The Trustees are all appointed by Church Members at the Annual General Meeting of the Church or at a specially called meeting of Church Members. In the case of the Elders they are appointed for three years and may be elected to serve for a further three years before retiring for at least one year and, in exceptional circumstances, for a further year, except for the Church Secretaries and Church Treasurer for whom there is no time limit. Any Minister remains in situ after the call to the pastorate until he or she leaves for another pastorate or retirement. ## **Scope of Report and Accounts** This report and the annexed accounts relate to the operations of the Trustees for the year ended 31 December 2024. ## **Governing Document** The Charity operates under the 1972, 1981 and 1990 United Reformed Church Acts of Parliament. ## **Name of Trustees** The Trustees serving for the full year were: Mrs H M Davies, Mr R M Dunnett, Mrs W A Dunnett, Mr A Green, Reverend W C Hawkins, Miss A Marshall The following Trustee served for lesser periods as stated: Mr G Baxter (1 Jan 2024 - 14 Apr 2024) Mrs S Badger (from 14 Apr 2024) ## **Principal Address** 83 Portsmouth Road, GUILDFORD, GU2 4BS ## **Other Relevant Organisations or Persons** INDEPENDENT EXAMINER ## BANKERS Chris Lowry CPA CAF Bank Ltd Chamberlains Accountancy Ltd 25 Kings Hill Avenue Elm House Kings Hill Shackleford Road WEST MALLING Elstead ME19 4JQ GU8 6LB GUILDFORD UNITED REFORMED CHURCH CHARITY Page 4 ## **ANNUAL REPORT and ACCOUNTS (continued) For the Year Ended 31 December 2024** ## NARRATIVE INFORMATION ## **Origin and Historical Review** The Church was formed in 1662 in Guildford as a Free Church initially worshipping in Black Horse Lane and then in Chapel Street. It became a Congregational Church in about 1706. The Church moved to North Street in 1865 and to its present site in Portsmouth Road in 1965. When the Congregational Church in England and Wales and the Presbyterian Church in England united in 1972 to become the United Reformed Church, Guildford Congregational Church became Guildford United Reformed Church. ## **Mission and Objective** Guildford United Reformed Church is an open and inclusive Christian community. The Elders are committed to enabling as many people as possible to worship at our church and to become part of the community which uses our premises. The Elders maintain an overview of worship and make suggestions on how the many groups that are involved in the life of the church can participate in our services. Our worship puts faith into practice through prayer, scripture, music and sacrament. The Elders have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion when planning activities to enable anyone to live out their faith as part of our community through: Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus. Provision of pastoral care for people connected with the church. Mission and outreach work. To facilitate this work it is important that we maintain the fabric of the church building. ## **Achievements and Performance** ## Worship and Prayer Family worship is normally held every Sunday morning except on the last Sunday of most months when an informal all-age service is held in the afternoon. Services continue to be live-streamed as well as being available as a recording. The average attendance in church has been around 30 with an unknown number joining online. Messy Church is normally held on the first Saturday of each month, with an average attendance of about 60. A children’s Holiday Club for about 70 children was held in July. There is an Open Table (LBGTQ+) service on the first Sunday afternoon of each month as part of our commitment to being an Inclusive Church. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief, give thanks for the life which is now complete in this world and commend the person to God's keeping. ## Pastoral Care Through a network of pastoral visitors, regular care is maintained for those associated with the church. # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 5 ## **ANNUAL REPORT and ACCOUNTS (continued)** ## **For the Year Ended 31 December 2024** On two Saturdays every month the Church has continued to run the only Contact Centre in Guildford to enable children whose parents have split to meet the non-resident parent. The church is a collection point for food bank donations and home to various social need groups including about fifteen 12-Step groups. During winter months the church has been open weekday mornings under the Warm Welcome/Warm Hub project. ## Mission and Evangelism Helping those in need is a demonstration of our faith. The church has again made donations to Guildford Town Centre Chaplaincy and Cherry Trees (a local organisation providing a safe place and respite care for children with disabilities,) both in part through another successful Christmas Tree Festival. The church also raised sizeable sums for Christian Aid, including through the URC’s Commitment for Life project. A large number of charities use our premises either free or at reduced rates. ## Ecumenical Relationships The church is connected with many other churches in the town through the Guildford Town Centre Chaplaincy. There are especially close links with a local Anglican church, St Nicolas’ with which we hold a number of joint services and study groups. We are involved in the local Inter-Faith Forum and also welcome a Muslim group for their daily prayers. ## Children and Families Worker employed jointly with St Nicolas’ Church Guildford The post is split 75% with us and 25% with St Nicolas’ although the cost of joint activities is split equally. She has run monthly Messy Church with growing numbers, another very successful joint Holiday Club in July and a monthly group for 11-16 year-olds, as joint activities, as well as various groups in our church for younger children. ## Community Worker Community work has continued with an increasing emphasis on support for those with dementia and their carers through weekly sessions with a mixture of musical activities, games playing and informal coffee and chat as well as a monthly lunch club, open to a wider range of older people. There was also a two-day Holiday at Home in August and a one-day one in December both for around 50 people. A very successful Community Day was held in August with a range of activities, performance displays and stalls which attracted around 400 people of all ages. Ways of further widening our community outreach are being investigated. ## Volunteers Much of the community, outreach and mission work is done by members and others associated with the church. ## **Application of Income** The Church’s income is used for the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church. In addition to this the premises of the Church are used by numerous local and national organisations, many of them charities in their own right. # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 6 ## **ANNUAL REPORT and ACCOUNTS (continued) For the Year Ended 31 December 2024** ## **Review of Year’s Activities** During the year eleven meetings of Trustees have been held together with six meetings of Church Members, including the Annual General Meeting. ## **Reserve Policy** The Trustees having considered the needs of the Church into the future feel that a General Fund reserve of approximately one half of one year’s expenditure is a reasonable reserve to aim for, with the Designated Long Term Maintenance Fund providing a reserve of about £100,000 for significant maintenance costs which arise from time to time, especially given the size and age of the building. ## **Financial Review** As last year the church’s income exceeded £250,000 so the accounts are again in accruals basis and this report is confined to an overview of the financial performance in the year under review and of the position at 31[st] December 2024. The opening balance at 1[st] January 2024 of all funds was £943,833 (General & Designated Funds £904,759, Restricted Funds £39,074). The closing balance was £943,889 (General & Designated Funds £899,761, Restricted Funds £44,128). The opening balance of General Fund was £149,644, with income of £222,766, expenditure of £208,829, gain in investments of £4,870 and a transfer of £7,000 to the Long Term Maintenance Fund, a net transfer of £9,874 to the Children & Families Worker Fund and a transfer of £3,000 from the Legacy Fund. These all resulted in the Fund increasing by £4,933 to £154,577. The opening balance of the Long Term Maintenance Fund was £105,084. There was expenditure of £12,406 and £7,000 was transferred in from the General Fund with a carried forward balance of £99,678. The opening balance of the Children & Families Worker Fund which receives income from St Nicolas’ Church and Guildford URC was £31. It had income of £23,167 with a transfer in of £22,554 and made payments of £32,231 with a net transfer out of £12,680 with a carried forward balance of £841. An unexpected and very substantial legacy was received mainly in 2023 with a further £20,000 in 2024. This has been put in a designated Legacy Fund. Whilst a comparatively small amount has been used for work done with thos e suffering from dementia and for looking at ways to improve the premises, the bulk is being retained until the church decides how to put it to best use. The opening balance was £650,000. It had income of £20,493 and made payments of £22,828 plus a transfer to the General Fund of £3,000 with a carried forward balance of £644,665. The opening balance of the Restricted Funds including investments was £39,074. Receipts amounted to £12,601 and payments to £8,264. There was a positive movement in investments during the year of £717. These activities resulted in the balance being increased by £5,054 to £44,128. ## **Balance Sheet** Total net assets at 31[st] December 2024 were £943,889, an increase of £56 on the value at 31[st] December 2023. # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 7 ## **ANNUAL REPORT and ACCOUNTS (continued) For the Year Ended 31 December 2024** ## **Conclusion** The Trustees are of the opinion that the Charity’s finances are sound. This annual report was approved by the Trustees on 7[th] March 2025 ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RESPECT OF THE ACCOUNTS** The Trustees are responsible for preparing the 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 charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state 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; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. # Page 8 GUILDFORD UNITED REFORMED CHURCH CHARITY ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GUILDFORD UNITED REFORMED CHURCH CHARITY** ## **For the Year Ended 31 December 2024** ## **Charity Number: 1130808** I report to the trustees on my examination of the accounts of the above charity (“the Foundation”) for the year ended 31st December 2024, which are set out on pages 8 to 13. ## **Responsibilities and basis of report:** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed by the Independent Examiner **C S Lowry** dated: 24 March 2025 Chris Lowry CPA Chamberlains Accountancy Ltd Elm House Shackleford Road Elstead GU8 6LB # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 9 ## **STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2024** |**Note**
**Income**
Collections & Freewill
Offerings
Special Collections
Donations, Grants &
Legacies
4
Gift Aid
Other income
Activities generating
income
3
Investment Income
Bank Interest
**Total**
**Expenditure**
Ministerial Costs
6
Worship Activities
Church Running Costs
5
Salaries & pensions
13
Recitals & Concerts
Donations and grants
7
**Total**
Net gains (losses) on
investments
**Net income/**
**(expenditure)**
Transfers between
Funds
7.1
Net movement in
funds
**Reconciliation of**
**funds**
Balance b/fwd
**FUNDS this year end**
|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds **
**£**
**£**
**£**
46,586
642
-
5,417
-
-
16,766
33,863
3,719
14,058
-
204
3,164
9,151
7,554
96,440
-
-
8,231
4
761
32,104
-
363|
**2024**
**Total**
**Funds**
**£**|**2023**
**General**
**Fund**
**2023**
**Designated**
**Funds**
**2023**
**Restricted**
**Funds**

44,656
548
-

11,138
-
-

33,979
650,560
3,747

12,538
-
110
2,556
6,061
3,254
110,223
-
-

7,907
-
747

2,380
-
267|
**2023**
**Total**
**Funds**
**£**
45,204
11,138
688,286
12,648
11,821
110,223
8,654
2,647| |---|---|---|---|---| |||||| |||47,228||| |||||| |||5,417||| |||||| |||
54,348||| |||||| |||14,262||| |||||| |||19,869||| |||||| |||96,440||| |||||| |||8,996||| |||||| |||32,467||| |||||| ||**222,766**
**43,660**
**12,601**||**225,377**
**657,169**
**8,125**|**890,671**| |||**279,027**||| |||||| ||46,470
-
-
11,006
11,176
-
80,357
27,907
815
57,506
28,382
-
-
-
5,939
13,490
-
1,510||
52,239
-
-
13,650
2,519
-

69,364
1,602
682

41,366
18,020
-

-
-
6,099

21,385
348
1,590|52,239
16.169
71.648
59,386
6,099
23,323| |||46,470||| |||||| |||22,182||| |||||| |||109,079||| |||||| |||85,888||| |||||| |||5,939||| |||||| |||15,000||| |||||| ||**208,829**
**67,465**
**8,264**||**198,004**
**22,489**
**8,371**|**228,864**| |||
**284,558**||| |||||| ||4,870
-
717||6,351
2,336|8,687| |||||| |||5,587||| |||||| ||||33,724
634,680
2,090
(19,750)
19,750
-|670,494
-| ||18,807
(23,805)
5,054|56||| |||||| ||(13,874)
13,874
-|||| |||-||| |||||| ||4,933
(9,931)
5,054
149,644
755,115
39,074||13,974
654,430
2.090
135,670
100,685
36,984|670,494
273,339| |||56||| |||||| |||||| |||||| |||||| |||||| |||||| |||943,833||| |||||| ||||**£149,644**
**£755,115 £39,074**|**££943,833**| ||**£154,577**
**£745,184**
**£44,128**
**£**|**943,889 **||| |||||| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 10 ## **BALANCE SHEET As at 31 December 2024** |**Notes**
**Current Assets**
At Bank
9
On deposit
9
Petty Cash
9
Current investments
10
Debtors and accrued income
8.1
**Total current assets**
Creditors: amounts falling due
within one year
8.2
**TOTAL FUNDS**|
**General**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
**£**
(94,115)
100,519
4,436
54,539
644,665
12,810
264
-
40
186,711
-
26,842
9,904
-
-|**2024**
**Total Funds**
**£**|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**

(97,937)
105,115
645

59,676
380,000
12,264

65
-
40
181,841
-
26,125

10,493
270,000|**2023**
**Total**
**£**
7,823
451,940
105
207,966
280,493| |---|---|---|---|---| |||10,840||| |||||| |||712,014||| |||||| |||304||| |||||| |||213,553||| |||||| |||9,904||| |||||| ||**£157.303**
**£745,184**
**£44,128**|**£946,615**|**£154,138**
**£755,115**
**£39,074**
(4,494)
-|**£948,327**
(4,494)| ||(2,726)
-
-|||| |||(2,726)||| |||||| ||**£154,577**
**£745,184**
**£44,128**|**£943,889**|**£149,644**
**£755,115**
**£39,074**|**£943,833**| All the Charity’s activities are classed as continuing. There are no liabilities or tangible assets of any value. - The Notes on Pages 10-13 form part of these accounts - These Accounts were approved by the Trustees on xx[th] 2025 |Trustee Name|Signature|Date| |---|---|---| |Revd. W C Hawkins|**W C Hawkins**|7 March 2025| |R M Dunnett|**R M Dunnett**|7 March 2025| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 11 ## **NOTES TO THE ACCOUNTS** ## **For the Year Ended 31 December 2024** ## 1. **ACCOUNTING POLICIES** - 1.1 **Scope and basis of the financial statements** The financial statements are prepared in accordance with the Statement of Recommended Practice applicable for charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2023). - 1.2 **Fund Accounting** General and Designated Funds are available for use at the discretion of the church in furtherance of its charitable objectives. Restricted funds are subject to restrictions on the expenditure imposed by the donors or contained in the terms of a grant. The church has o endowment funds. - 1.3 **Incoming Resources & Resources Expended** The accounts are produced on an accruals basis. Much of the management and activity of the church is carried out by volunteers. The tangible cost is not included in the financial statements as this contribution to the life of the church is incalculable. 1.4 **Tangible Fixed Assets** Freehold Property The owner of the church and manse buildings is the United Reformed Church (Wessex) Trust Limited (Charity 282729) which holds them on trust for purposes connected with Guildford United Reformed Church. Equipment The cost of new furniture and equipment is written off in the year of purchase. - 1.5 **Investments** Investments are stated at mid-market value and are considered to be current assets rather than long term investments. - 1.6 **Income:** The standard list of accounting policies has been applied ## 1.7 **Government grants** None have been received ## 2. ## **RISK EXPOSURE** - 2.1 2024 debtors are almost entirely groups who hire rooms with amounts only invoiced late December. With one exception groups are long-term users, almost all who paid in January 2025. Any amount still not paid is very small in relation to assets. - Investment risks are very small given size of the Charity funds in which the investments are held - 2.2 2023 debtors are almost entirely groups who hire rooms with amounts only invoiced late December. All groups are long-term users, almost all who paid in January 2024. Any amount still not paid is very small (c £300) in relation to assets. - Investment risks are very small given the size of the Charity funds in which the investments are held **3. ACTIVITIES GENERATING INCOME (General Fund only)** |Use of rooms
Car park licence fees|**2024**
**£**
79,224
17,216|**2023**
**£**
91,240
18,983| |---|---|---| ||**£96,440**|**£110,223**| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 12 ## **NOTES TO THE ACCOUNTS (continued) For the Year Ended 31 December 2024** ## 4. **DONATIONS, LEGACIES & GRANTS RECEIVED** |Badminton Club
Bowls Club
David Williamson Trust
Emmaus – The Moss Trust
John Beane's Charity
Scutt & Durrant Trust
XY Strings & Music Society
Legacies
Miscellaneous donations|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
**£**
700
-
-
184
90
-
350
-
-
6,589
7,600
-
6,500
5,780
-
1,300
-
-
-
20,000
-
1,143
393
3,719|**2024**
**Total**
**£**
700
-
274
350
14,189
12,280
1,300
20,000
5,255|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
**£**

600
-
-
500
-
-

356
60
-
700
-
-
17,598
500
-

8,430
-
-

1,100
-
-
1,000
650,000
-
3,695
-
3,747|**2023**
**Total**
**£**
600
500
416
700
18,098
8,430
1,100
651,000
7,442| |---|---|---|---|---| ||**£16,766**
**£33,863**
**£3,719 **|**£54,348 **|**£33,979**
**£650,560**
**£3,747**|**£688,286**| ## 5. **CHURCH RUNNING COSTS** |Administration, publicity
Governance
Gas and electricity
Insurance, council tax, water
Premises maintenance
Cleaning Contract
Other running costs|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
**£**
6,892
806
815
1,300
-
-
19,080
-
-
10,888
-
-
21,889
27,101
-
16,969
-
-
3,339
-
-|**2024**
**Total**
**£**
8,513
1,300
19,080
10,888
48,990
16,969
3,339|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
**£**

7,001
1,602
682
1,200
-
-

16,773
-
-
7,959
-
-

14,983
-
-

16,730
-
-

4,718
-
-|**2023**
**Total**
**£**
9,285
1,200
16,773
7,959
14,983
16,730
4,718| |---|---|---|---|---| ||**£80,357**
**£27,907**
**£815**|**£109,079**|
**£69,364**
**£1,602**
**£682**|**£71,648**| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 13 ## **NOTES TO THE ACCOUNTS (continued) For the Year Ended 31 December 2024** ## 6. **MINISTERIAL COSTS (General Fund only)** |Ministry & Mission Fund
Manses running expenses
less Synod allowance
Car running costs & travel
Ministerial expenses
Pulpit Supply|**2024**
**£**
37,800
7,477
(1,232)
1,498
522
405|**2023**
**£**
44,180
5,729
(311)
1,539
1,028
74| |---|---|---| ||**£46,470**|**£52,239**| ## 7 **DONATIONS AND GRANTS MADE** 7 |Cherry Trees
Christian Aid
Commitment for Life
Christians Against Poverty
Disability Challengers
Guildford Action
Guildford Town Centre Chaplaincy
Médecins sans Frontières
Oakleaf
URC (Gaza & Myanmar
appeals)(2023 Nurse Training)
Young People's Trust for the Environmen
Misc. small donations|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
2,000
-
-
2,290
-
-
2,020
-
-
1,000
-
-
505
-
-
500
-
-
2,000
-
-
500
-
-
500
-
-
1,000
-
-

500
-
-
675
-
1,510|**2024**
**Total**
**£**
2,000
2,290
2,020
1,000
505
500
2,000
500
500
1,000
500
1,975|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
**£**
2,130
48
-
6,260
-
-
2,100
-
-
1,000
-
-
-
-
-
500
-
-
3,680
-
-
900
-
-
500
-
-
3,280
-
-
-
-
-
1,035
300
1,590|**2023**
**Total**
**£**
2,178
6,260
2,100
1,000
-
500
3,680
900
500
-
-
5,715| |---|---|---|---|---| ||**£13,490**
**£-**
**£1,510**|**£15,000**|**£21,385**
**£348**
**£1,590**|**£23,323**| The Church offers free or reduced rates for room use to charities and community organisations amounting to at least £26,000 (2023: £26,000) # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 14 ## **NOTES TO THE ACCOUNTS (continued) For the Year Ended 31 December 2024** ## 8 **DEBTORS & CREDITORS** ## 8.1 **Debtors** (all recoverable within one year) **and accrued income** |8.1**Debtors**(all recoverable|within one year)**and accrued income**|||| |---|---|---|---|---| |Room lettings
Insurance pre-payment
Miscellaneous
Accrued Legacy Income|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
**£**
6,692
-
-
2,921
-
-
291
-
-
-
-
-|**2024**
**Total**
**£**
6,692
2,921
291
-|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
7,615
-
-
2,878
-
-
-
-
-
-
270,000
-|**2023**
**Total**
**£**
7,615
2,878
-
270,000| ||**£9,904**
**£-**
**£-**|**£9,904**|**£10,493**
**£270,000**
**£-**|**£280,493**| ## 8.2 **Creditors** (all falling due within 1 year) |8.2**Creditors**(all falling due|within 1 year)|||| |---|---|---|---|---| |
Car park rent prepaid
Glencross cleaning
Electricity/Gas
Other|
**General Designated**
**Restricted**
**Fund**
**Funds**
**Funds**
**£**
**£**
**£**
1,439
-
-
-
-
-
1,225
-
-
62
-
-|**2024**
**Total**
**£**
1,439
-
1,225
62|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
**£**
1,418
-
-
1,081
-
-
1,783
-
-
1,224
-
-|**2023**
**Total**
**£**
**£**
1,418
1,081
1,783
212| ||**£2,726**
**£-**
**£-**|**£2,726**|**£4,494**
**£-**
**£-**|**£4,494**| GUILDFORD UNITED REFORMED CHURCH CHARITY Page 15 ## **NOTES TO THE ACCOUNTS (continued) For the Year Ended 31 December 2024** ## 9 **CASH AT BANK AND IN HAND** |At Bank - CAF
- Lloyds
On deposit - COIF
- CAF Gold
- Lloyds
Petty Cash|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**|**2024**
**Total**|**2023**
**General**|
**2023**
**Designated**
**2023**
**Restricted**|**2023**
**Total**| |---|---|---|---|---|---| ||**£**
**£**
**£**|
**£**|**£**|
**£**
**£**|**£**| ||(94,115)
100,519
-|
6,404|(97,937)|
105,115
-|7,178| ||-
-
4,436|
4,436|-|-
645|
645| ||37,955
644,665
6,280|
688,900|12,692|
380,000
5,234|
397,926| ||16,584
-
-|
16,584|46,984|
-
-|46,984| ||-
-
6,530|
6,530|-|-
7,030|
7,030| ||264
-
40|
304|
65|
-
40|
105| ||**(39,312)**
**£745,184**
**£17,286**|
**£723,158**
|
**£(38,196)**|
**£485,115**
**£12,949**|
**£459,868**| ## 10 **INVESTMENTS** |Value at 1stJanuary
Gain/(Loss) in year
Value at 31stDecember
Historical Cost at 31stDecember|**General**
**Fund**
**Designated**
**Funds**
**Restricted**
**Funds**
**£**
**£**
**£**
181,841
-
26,125
4,870
-
717|**2024**
**Total**
**£**
207,966
5,588|**2023**
**General**
**2023**
**Designated**
**2023**
**Restricted**
**£**
**£**
**£**
175,490
-
23,789
6,351
-
2,336|**2023**
**Total**
**£**
199,279
8,687| |---|---|---|---|---| ||**£186,711**
**£-**
**£26,842**|**£213,553**|**£181,841**
**£-**
**£26,125**|**£207,966**| |||||| ||**£59,900**
**£-**
**£13,149**|**£73,049**|**£59,900**
**£-**
**£13,149**|**£73,049**| Values are at the mid-market rate at the close of business on the charity’s Balance Sheet date. There were no purchases or sales during the year. At year end values 48.0% of investments were in M&G Charifunds and 52.0% in the CCLA COIF Ethical Investment Fund. ## 11. **TRUSTEES** - 11.1 Three trustees were reimbursed for receipted expenditure. None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity as was the case in 2023 - 11.2 Trustees Indemnity Insurance is included in the church’s insurance policy. # GUILDFORD UNITED REFORMED CHURCH CHARITY Page 16 ## **NOTES TO THE ACCOUNTS (continued) For the Year Ended 31 December 2024** ## 12. **FUNDS** ## 12.1 **Description** ## **Designated Funds** Children & Families Worker Fund For joint worker with St Nicolas’ Church, Guildford Long Term Maintenance Fund For occasional major items of maintenance and renewal For occasional major items of maintenance and renewal becoming increasingly needed on a sixty year old building. Temporary fund for large legacy until its use is decided Legacy Fund **Restricted Funds** Organ Fund Music Society For major repairs or alterations to the organ For the spread of the appreciation of music ## 12.2 **Movement of Funds** |2.2 **Movement of Funds**||| |---|---|---| |Balance as at 1 January
Income during year
Transfers in during year
Expenditure during year
Transfers out during year
Movement on Investments
Balance as at 31 December|**Designated Funds**
**Children &**
**Families**
**Worker**
**Legacy**
**Fund**
**Long Term**
**Maintenance**
**Fund**
**£**
**£**
**£**
31
650,000
105,084
23,167
20,493
-
22,554
-
7,000|**Restricted Funds**

**Music**
**Society**
**Organ**
**Fund**
**£**
**£**
7,714
31,360
11,555
1,046
-
-| ||45,752
670,493
112,084
32,231
22,828
12,406
12,680
3,000
-
**-**
**-**
**-**|19,269
32,406
8,264
-
-
-
-
717| ||**£841 £644,665**
**£99,678**|**£11,005**
**£33,123**| ## 13 **EMPLOYEES** 13.1 Costs (none in Restricted Funds) |
**General**
**Fund**
**Designated**
**Funds**
**£**
**£**
Salaries and wages
54,430
26,775
Social security costs
Pension costs
(defined contribution
scheme)
3,076
1,607
Other employee
benefits
-
-
**Total staff costs**
**£57,506**
**£28,382**
13.2 No employee earned £60,000 or more
13.3 Average number of employees in the year:|
**General**
**Fund**
**Designated**
**Funds**
**£**
**£**
54,430
26,775
3,076
1,607
-
-|**2024**
**Total**
**£**
81,205
-
4,683
-|**2023**
**General**
**2023**
**Designated**
**£**
**£**

38,714
17,000


2,651
1.020

-
-|
**2023**
**Total**
**£**
55,714
-
3,671
-| |---|---|---|---|---| ||**£57,506**
**£28,382**|**£85,888**|**£41,375**
**£18,020**|**£59,385**| |||(previous year: 0)
4.5
(previous year: 3)|||