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2025-03-31-accounts

PURLEY UNITED REFORMED CHURCH CHARITY known as PURLEY UNITED REFORMED CHURCH

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

UK Registered Charity Number 1131359

Minister: Revd Russell Furley-Smith Church Secretary: Miss Gillian Harrison Church Treasurer: Mr Martin Day Assistant Treasurer: Mrs Judith Johnson

Pastoral Assistant: Mrs Jill Denison Website: www.purleyurc.org.uk

PURLEY UNITED REFORMED CHURCH

Contents of the Financial Statements for the year ended 31 March 2025

:

Page
Report ofthe Trustees 1to5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
NotestotheFinancialStatements 9to15

PURLEY UNITED REFORMED CHURCH

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The Elders, being the Trustees of the Church, present their annual report together with the financial statements for the year ended 31 March 2024. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of Accounting and Reporting by Charities: Statement of RecommendedReporting StandardPracticeapplicableapplicablein thetoUKcharitiesand Republicpreparingof Irelandtheir accounts(FRS 102)in (effectiveaccordance1stwith Januarythe Financial2019) : ("SORP (FRS 102)").

OBJECTIVES AND ACTIVITIES

The principal objective of the charity is the advancement of the Christian Faith for the benefit of the public in accordance with the Scheme of Union of The United Reformed Church.

The activities of the Church are to provide regular public worship for all, to promote the Christian faith, to teach the faith to all ages, to serve the community, to give pastoral care and support to members and to others in need, particularly those in sickness, distress or poverty, and to provide premises and resources for community groups and activities.

Our Mission Statement

"Living God's Love”

PURC's mission is

to live the love of God through worship

and the service and care we give to all people and God's world by our commitment to be inclusive and to work for peace and reconciliation; by being faithful Christians

and by responding to the community around us.

The above mission statement guides all the Church's activities in pursuance of its being the local congregation of the United Reformed Church in Purley.

ACHIEVEMENTS AND PERFORMANCE

The church has settled down after the disruption caused by Covid. Worship continues as normal, : although numbers of worshippers have droppeda little as some members decide to stay at home and view the services on Youtube. The church community remains strong,

:

The building continues to be used intensively, mainly for community activities. The church maintains regular coffee mornings, and opened for longer during the winter to offer "warm space” to people affected by energy price rises.

Purley Food Hub continued to operate from the church, delivering food to those in need.

The Revd Russell Furley-Smith continued his ministry to the members and friends of the Church:

At 31 March 2025 the membership of the Church was 53. (2024: 64)

Page 1

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PURLEY UNITED REFORMED CHURCH

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document - Legal Structure: National and Local

The Church is a local congregation of the Southern Synod of the United Reformed Church (URC), The governing body of the United Reformed Church is the General Assembly. The authority under which General Assembly acts is given by the resolutions passed at the Uniting Assemblies of 1972, 1981 and 2000; and the United Reformed Church Acts 1972, 1981 and 2000 enabled those resolutions to be given legal effect in relation to the finance and property of the Church.

Following the Charities Act 2006, the Trustee for the General Assembly, United Reformed Church Trust, registered as a Charity number 1133373 in December 2009. Purley United Reformed Church was also formerly an excepted charity, but applied to be a Registered Charity also as required by the Charities Act 2006 and was accepted as Purley United Reformed Church Charity with effect from 26 August 2009 - Registered Number 1131359. :

The principal object of this Charity is the advancement of the Christian faith for the benefit of the public in accordance with the Scheme of Union of the United Reformed Church.

The Church is governed by its rules originally adopted, and amended from time to time, by the Church Meeting.

The Church became a Grade 2 Listed Building on 20 May 2010.

Governing Document - Organisational Structure

The Church is governed by the Church Meeting, at which all Church Members may vote. Church Meeting appoints a number of Elders (being the Trustees) and delegates a number of its functions to the Elders’ Meeting.

The Minister normally chairs both of these meetings. The Officers of the Church consist of.a Church Secretary, a Treasurer and an Assistant Treasurer who are nominated by Church Members and elected by the Church Meeting. Normally Elders shall serve on the Elders' Meeting for a period of five years and shall not be eligible for re-election for one year. The Church Meeting may extend the term of office of the Secretary and the Treasurer for a further period of five years. In the case of the Assistant Treasurer, Church Meeting may extend his/her appointment for further periods of up to five years.

New Elders are appointed annually from the members of the Church.

The Finance and Stewardship Committee includes the Treasurers, several Elders and Church members and regularly reviews all aspects of the Church finances.

New and existing serving Elders (being the Trustees) are kept fully updated on the Charity Commission requirements of their duties, including through copies of the publication CC3 - "The essential trustee". The Trustees confirm that they have had due regard to the public benefit guidance published by the Charity Commission.

Risk Assessment

The major risks to which the Church is exposed, as identified by the Elders as Trustees, have been reviewed and systems or procedures have been established to manage those risks. The onset of Covid introduced a number of new risks, which had to be reviewed continually in the light of changing guidance from the government and from the United Reformed Church.

Page 2

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PURLEY UNITED REFORMED CHURCH

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risk Assessment (continued)

The Church is mindful that it has been experiencing a slowly reducing membership and a congregation whose average age is increasing. The Church building is large and parts of it were built some years ago, requiring modernisation and repair work that can be expensive.

The Finance and Stewardship Committee and Elders keep both the income and expenditure of the Church under regular review and implement measures to manage the Church's resources to ensure the continuance of the Mission of the Church on the Purley site.

FINANCIAL REVIEW

The financial statements have been prepared on the going concern basis as in the opinion of the trustees there are no material uncertainties about the charity's ability to continue.

The Accounts for year ended 31 March 2025 showa deficit for the year on the General Fund of £10,760, much of which came from extensive maintenance work. Major jobs were funded from the Memorial Fund and the Repairs Reserve, but many less substantial jobs were covered by the General Fund. Expenditure on staff rose appreciably, as the church needed to employ people to cover work formerly done by volunteers.

The church continued to benefit from Richard Bosanquet's legacy and from a further £5,000 left by Revd Daphne Topple. The Bosanquet estate has not yet been wound up, and the church expects to receive a further significant sum.

Budget for the year ending 31st December 2025

The church has decided to move to a calendar year for financial reporting, so this budget is for 9 months. The budget shows a potentially large deficit, caused mainly by the need for significant maintenance work. it should be possible to pay for much of this from the Memorial Fund. The budget contains extra provision to fund outreach work to help us serve the community better and strengthen the church. The Finance & Stewardship Committee is satisfied that the church's reserves are sufficient to allay any immediate cause for concern.

The financial position of the Church at 31 March 2025 is considered to be satisfactory.

Reserves policy

Mindful of the risk assessment, the Church seeks to hold sufficient reserves on its General Fund to meet anticipated expenditure and any projected deficits for approximately two years.

Designated Funds - the purpose of each is laid down in the Notes to the Accounts and the stated reserves are ongoing. They are under control of the Elders and can be reallocated at any time with the approval of Church Meeting.

It is the intention for the Church to hold such resources here as it reasonably needs to fulfil its Mission, but not to hold more than is envisaged to be expended over a five-year period.

Restricted Funds - are held solely for the purposes laid down in the Notes to the Accounts and are held for the lifetime of each Fund and in accordance with the wishes of the donors. It is intended that the balances held on these Funds will not be more than is envisaged to be expended over a five-year period.

Page 3

PURLEY UNITED REFORMED CHURCH

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity No: 1131359 - registered 26 August 2009

Address: Purley United Reformed Church 906, Brighton Road Purley Surrey CR8 2LN

Date of Appointment
Appointment: ends on:
Colin Burgess 30 June 2024 25 November 2024
Martin Day 20 September 2020 22 June 2025
John Denison 30June 2024 30 June 2026
Chris George 25 June 2023 25 June 2028
Felicity Harris 20 June 2021 20 June 2026
Gillian Harrison 24 June 2018 22 June 2025
Irmina Hughes 26 June 2022 27 June 2027
Janny Kay-Janssen 23 June 2019 23 June 2024
Andrew Mander 20 September 2020 22 June 2025
David Wiggs 26 June 2022 27 June 2027
LouiseWillmer 23June2019 22June2025

Colin Burgess was elected as an Elder in June 2024, but sadly died in November. He had replaced Janny Kay-Janssen when she retired.

John Denison was co-opted to complete Clive Marritt's term, following Clive's death. Gillian Harrison had been appointed Church Secretary from 23 June 2019 and accordingly she was co-opted on to the Elders Meeting until 30 June 2025. In addition, Revd Russell Furley-Smith became a Trustee of the Registered Charity with effect from 26 August 2009.

Independent Examiner: Kevin Holden FCA FCCA

Lees Limited T/A Lees Chartered Accountants The Granary

Brewer Street

Bletchingley Surrey RH1 4QP

Bankers: CAF Bank Limited The URC (Southern Synod) Trust Ltd Lloyds Bank plc 25, Kings Hill Avenue Epworth Investment Management Ltd 942, Brighton Road Kings Hill 9 Bonhill Street Purley West Malling London Surrey CR8 2XD Kent ME19 4JQ EC2A 4PE

Page 4

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PURLEY UNITED REFORMED CHURCH

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

REFERENCE AND ADMINISTRATIVE INFORMATION (continued)

‘Investment Managers: CCLA Investment Management Ltd Senator House 85, Queen Victoria Street London EC4V 4ET

Trustees responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing the statements, the trustees should follow best practice and:

Approved by the Trusteesand signed on their behalf by:

Andrew Mander (Trustee and Church Secretary)

:

:

Page 5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PURLEY UNITED REFORMED CHURCH

| report to the charity trustees on my examination of the accounts of the Purley United Reformed Church (the Church) for the year ended 31 March 2025.

Responsibilities and basis of report

:

The Elders as Charity Trustees of the Church are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

| reportin respect of my examination of the Church’s accounts as carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 3, the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of 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 the Republic of Ireland (FRS 102)

| 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 he reached, ;

Kevin Holden FCA FCCA Lees Chartered Accountants The Granary Brewer Street Bletchingley . Surrey RH1 4QP

Date: 25th January 2026,

Page 6

PURLEY UNITED REFORMED CHURCH

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

|

Unrestricted Funds Unrestricted Funds Restricted
2025		 2024
Notes General Designated Funds
TOTAL		 TOTAL
£ £
,		 £
£		 £
INCOME AND ENDOWMENTS FROM
Donationsand legacies 2 87,682 55,016 16,510
159,209		 259,095
Charitable activities 3 74,434 6,097 0
80,531		 72,506
Investment income 4 4,535 9,865 604
15,004		 11,423
Total income andendowments 166,652 70,978 17,114
254,744		 343,024
EXPENDITURE ON
Charitable activities 5 177,912 45,381 0
225,293		 187,351
Contributionstoother causes 6 0 0 14,966
14,966		 14,625
Total expenditure 177,912 45,381 14,966
240,259		 201,976
aeyeti
eae
(11,260)
25,597
2,149
14,485
141,048
Netgains/(losses) on investments 8 0 (2,225) ié)
(2,225)		 4,077
NETINCOME/(EXPENDITURE) aea
Se
(11,260)
23,372
2,149
12,261		 Ne
145,125
Transfer between funds 500 (500) :
0
0		 0
Netmovement infunds ceca
(10,760)		 22,872 hi es
Cue
eae
2,149
12,261
145,125
RECONCILIATION OF FUNDS
Total fundsbrought forward		 TUE
a ceeMAA anne oemhsheme SE
133,390
319,182
17,755
470,327
—————————————————————————		 366,982
TOTALFUNDSCARRIEDFORWARD SN
aTi
122,630
342,054
19,903
484,587
=———————————————E—E—E—E——E—EEEEE		 Se
ecg
470,327
—————

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities

The notes form part of these financial statements

Page 7

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PURLEY UNITED REFORMED CHURCH

BALANCE SHEET AS AT 31 MARCH 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Funds|Restricted|2025|2024| |General|Designated|Funds|TOTAL|TOTAL| |£|=|£0|£|£| |Notes|:| |FIXED|ASSETS| |Tangible|Assets|7|0|0|0|0|0| |Investment|8|47,063|0|2]|47,063|49,288| |47,063|0|0|= 47,063|49,288| |CURRENT ASSETS| |Debtors and|prepaid|expenses|9|51,731|0|0|51,731|49,877| |Cash|at Bank and|Building Society|10|30,748|342,054|19,904|||392,706|412,779| |82,480|342,054|19,904|444,437|462,656| |Less:|CURRENT|LIABILITIES|‘| |-Amounts|falling due within one|year| |Creditors|and accrued expenses|11|6,911|8]|0| |NET CURRENT ASSETS|75,568|342,054|19,904|437,525|421,040| |ea|naam|rete|nce eee|em|eeeen|nee ee|_ Ponce|t|temas|tionernemmnt| |NET ASSETS|122,631|342,054|19,904|484,589|470,328| |’|——||eee| |Representing:|i| |FUNDS| |Unrestricted|Funds| |General Fund|122,632|-|:|-|122,632|133,392| |Designated|Funds|15|-|342,054|-|342,054|319,181| |a|trent|ee,|SALON| |;| |Restricted|122,632|342,054|-|464,686|452,573| |Funds|15|-|-|19,904|19,904|17,756| |TOTAL|AreensGlare oe|et|Tae|a|ee| |FUNDS|122,632|342,054|19,904|484,589|470,329| |ee|Fenner|weal| |Approved by the|Elders'|Meeting on|13 November 2025|and signed on their behalf by:|.| |Andrew Mander|Martin|Day| |(Church|Secretary)|(Church Treasurer)|

----- End of picture text -----

Andrew Mander (Church Secretary)

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.
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: :

The notes form part of these financial statements

Page 8

PURLEY UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS

‘

  1. ACCOUNTING POLICIES

:

for the year ended 31 March 2025

Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS.102) (effective 1 January 2019)', Financial : Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention as modified for the valuation of investments at fair value. The charity is an unincorporated trust.

The accounts are presented in pounds sterling rounded to the nearest pound.

Income

All income is recognized once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be reliably measured.

Expenditure

:

Expenditure is recognized once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be reliably measured. All expenditure is accounted for on an accruals basis.

Investments

Investments are stated at their fair value at the balance sheet date. The Statement of Financial Activities includes the net surpluses and deficits arising on revaluations and disposals throughout the year.

Tangible fixed assets and depreciation

The Church buildings and manses are the properties of the Southern Synod of the United Reformed Church through the URC (Southern Synod) Trust Limited and, as they are considered as inalienable, they are not included in the accounts at any value.

Plant and equipment is included at cost, and depreciation is provided at a rate calculated to write-off the cost on a straight line basis over its expected useful economic life. in the case of the Boilers, this has been agreed at 10 years, and these have now been written off.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

Funds are classified according to the manner in which they are allowed to be spent. : Unrestricted Funds: The General Fund deals with funds that can be spent generally for furthering the religious and charitable work of the the Church. Designated funds are funds which have been set aside for specific purposes but which can be returned the General Fund at any time if Church Church Meeting so decides. Restricted funds are funds funds whose use is restricted according to the terms on which they were received: e.g. collections for specific causes. :

Unrestricted Funds: - The General Fund deals with funds that can be spent generally for furthering the religious and charitable work of the the Church.

Taxation

Asa charity, Purley United Reformed Church is exempt from tax on income Chargeable Gains to the exteft that these are applied to its charitable objects. No tax charges have arisen during the year.

Page 9

PURLEY UNITED REFORMED CHURCH

:

:

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31 March 2025

:

;

2. INCOME FROM DONATIONSAND LEGACIES
: Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
Offertories & general donations 68,992 0 0 68,992 72,709
IncomeTax recoveries 15,904 0 0 15,904 16,355
Grants 0 0 0 0 0
Legacies & specific donations 0 55,000 0 55,000 152,203
Special offerings and donations 2,787 16 16,510 19,313 17,828
aaa 87,682 55,016
16,510
rR		 159,209
ead		 259,095
——=—=—=====
3. INCOME FROM CHARITABLE ACTIVITIES
£ £ £ £ £
Hire ofPremises 74,434 0 ie) 74,434 65,274
income for PartnershipGathering 0 0 0 0 7,232
Other income 0 6,097 0 6,097 0
74,434 6,097 0 80,531 72,506
4. INVESTMENT INCOME
£ £ £ £ £
Bankinterest 1,645 3,578 219 =5,443 2,235
Interest on Epworth account 2,890 6,286 385 9,561 9,188
4,535 9,865 604 15,003 11,423
5. EXPENDITURE ON CHARITABLE ACTIVITIES
£ £ £ £ £
Ministry&Mission Fund Contributions 54,599 0 0 54,599 50,172
Ministers' expenses - :
Motor, Travel, Telephone etc 4,552 0 0 4,552 4,665
Book grants 0 0 0 0 0
Visiting ministers 392 0 0 392 426
Manse costs 394 0 0 394 2290.88
5,338 0 0 5,338 7,382
Premises Costs
Staff& expenses 44,558 (9) 0 44,558 35,925
Housekeeping expenses 4,206 0 0 4,206 4,296
Catering expenses 13 0 0 13 106
Church: Gas, Electricity and Water 26,759 0 0 26,759 40,397
Insurance 14,081 0 0 14,081 13,405
General maintenance to organ & pianos 1,542 0 0 1,542 216
Equipment repairs& renewals 3,715 0 8) 3,715 11,316
Replacement ofentry bollard 0 7,680 0 7,680 0
Repairs to heatingsystem 0 10,087 0 10,087 0
Security 2,798 0 0 2,798 4,796
Sound system 360 0 0 360 2,131
Less contribution to costs from PYP 0 0 0 0 (2,578)
98,032 17,767 QO 115,799 110,011

:

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PURLEY UNITED REFORMED CHURCH : NOTES TO THE FINANCIAL STATEMENTS continued

;

:

for the year ended 31 March 2025

5. EXPENDITUREON CHARITABLE ACTIVITIES EXPENDITUREON CHARITABLE ACTIVITIES (Contd.) :
Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
Fabric Budget
General repairs to Church premises 16,531 0 0 16,531 3,136
Repairs to flat roofs 0 15,020 0 15,020 0
Less Synod Repairs Grant (2,000)
Lift replacement project (afterVAT reclaim) 0 12,560 0 12,560 5,020
. 0 0 0 0 0
14,531 27,580 QO 44,111 8,156
Other Expenses
Organists 1,345 0 0 1,345 510
Telephone and broadband+copying 1,873 ) 0 1,873 502 .
Communications& Outreach 436 0 ) 436 1,388
Miscellaneous Expenses : 949 0 0 949 811
Partnership Gathering 0 0 0 0 7,183
Other Partnership costs 0 35 0 35 87
"Elders' budget" forimproving outreach 149 0 0 149 0
Donations 0 0 0 0 550
4,752 35 ie) 4,787 11,030
Governance Costs
Independent Examination fee 660 0 8) 660 600
660 0 0 660 600
;
TOTAL EXPENDITURE ON
CHARITABLE ACTIVITIES 177,912 45,381 QO 225,293 187,351
6. CONTRIBUTIONS TO OTHER CAUSES
Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
Commitment for Life 0 0 7,216 7,216 6,123
Christmas TitheAppeal 0 0 2,000 2,000 2,028
Pastoral Aid offertories 0) 0 674 674 1,193
Remembrance Sunday -PoppyAppeals 0 0 78 78 111
Otherappeals
Bible-a-month Club		 0
0		 0
0		 0
“605		 8]
605		 1,611
627
Christian AidWeek 0 0 1,686 1,686 1,391
Purley URC (from weekday coffee mornings) 0 0 557 557 0
Feed the Minds 0 0 2,150 2,150 1,543
: Q 0 14,966 14,966 14,625

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SAU
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PURLEY UNITED REFORMED CHURCH

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1
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NOTES TO THE FINANCIAL STATEMENTS continued

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;
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for the year ended 31 March 2025

7. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
f £
Equipment - 2 Gas Boilers
Cost: At 1April 2024 27,500
Additions in year 0
At 31 March 2025 27,500
Accumulated Depreciation: At 1 April 2024 27,500
Charge forthe year 0
At 31 March 2025 27,500
Net Book Value: At 31 March 2024 0
At 31 March 2025 0
SS
  1. INVESTMENT

investment in the COIF Charities Investment Fund - Income Units

Units held at 31 March 2024 & 31 March 2025 2,415.91 units Valued as at 31 March 2024 @ 2042.64p Valued as at 31 March 2025 @ 1948.06p

Valued as at 31 March 2024 @ 2042.64p
Valued as at 31 March 2025 @ 1948.06p
2025 2024
£ £
Value as at 1 April startyear 49,288 45,211
. Unrealised surplus / (deficit) on investment : (2,225) 4,077
Value as at 31 March end year 47,063 49,288
Costwhen purchased 20,254 20,254 .
9, DEBTORS
£ £
Amounts receivable for hall lettings 5,955 8,321
Income tax recoverable (all funds) 17,816 17,957
Other debtors and prepayments 27,961 23,599
51,731 49,877
10. CASH ATBANKAND BUILDING SOCIETY
£ £
Bank Deposits
CAF Bank Ltd -CAF Gold Account 172,088 201,721
Epworth Investments Ltd -Affirmative Deposit
Fund for Charities 205,396 195,836
Cash at Bank
<oRe CAF Bank Ltd - CAFCash Account 15,000 15,000
Lloyds Bank plc 222 222
: 392,706 412,779
11. CURRENT LIABILITIES
-Amountsfallingduewithinone		 oneyear
£ £
Special Collections 2,647 2,576
Other creditors and accrued expenses 4,264 39,039
6,911 41,615

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PURLEY UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS continued

for the year ended 31 March 2025

12. TRUSTEES' REMUNERATION AND BENEFITS

During the year no trustees received any remuneration (2023-24: £0} for professional services . No trustee received any remuneration or benefits for their services as trustees (2023-24: Nil). A great deal of work is done for the Church by the Elders as trustees on a purely voluntary basis. It would be difficult to quantify the cost of the work on a paid basis and so no estimate has been given. The Church is very grateful to all those Elders and Officers who freely give up their time in running the Church's affairs.

URC Ministry & Mission Fund

Purley URC contributes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension contributions and other benefits for ministers), running the denomination, and the wider mission of the national church.

Trustees' expenses

Ministers received reimbursement of motor, travel, telephone and book expenses totalling £4,552 (2023-24: £4,665).

Other Related Party Disclosures

The total monetary amount of offertories and donations received without conditions from the trustees during the year was £21,785 (2023-24: £20,010).

The highest total donation during the year from an individual was £7,750

13. STAFF COSTS

The total emoluments of employees of the Church were :-

2025 2024
£ £
Wages and salaries 41,473 35,546
Social security costs 0 0
Pension contributions 778 379
—42,251 35,925

The average number of employees was 4. (2023: 3)

14, OPERATING LEASE COMMITMENTS

The charity had no commitments to leases at the end of this year. for the photocopier

The charity had no commitments to leases at the end of thisthis year. :
for thethe photocopier
2025 2024
£ £
Payable within one year 0 0
Payable in two to five years 0 0
0 0

Page 13

PURLEY UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS continued for the year ended 31 March 2025

:

15. ANALYSIS OF FUND BALANCES

:

:

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Unrealised
Balance at Surplus/(Deficit) Balance at
1 April 2024 Income Expenditure ——‘ Transfers onIinvestment 31 March 2025
£ £ £ £ £ £
Designated Funds
Memorial 259,382 69,916 (22,646) 0 0 306,651
Partnership 6,972 253 (35) (500) 0 6,691
Repairs Reserve 23,793 809 (22,700) 0 0 1,902
Investment Revaluation 29,034 0 0 0 (2,225) 26,809
319,182 70,978 (45,381) (500 (2,225) 342,054
——I EEE
Restricted Funds
Organ 17,755 2,148 0 0 0 19,903
Special Collections 0 14,966 (14,966) 0 0 0
—— 17,755a ————=={[_——————S——17,114 (14,966 0 0 19,903
The Church has the following Designated funds (see Accounting policies - Note 1)
(a) The Memorial Fund receives legacies and associated donations from members of the Church, most of which are
set aside for future work in the Church. It is reviewed annually by the Elders and resources are transferred to the
General Fund as required.
(b} The Partnership Fund. The Church has a Partnership with Churches in Hartford (USA), Speyer (Germany), Dessau
(Germany) and Ostrava (Czech Republic). Funds are set aside from the General Fund for maintaining the links
with the other churches and there is also direct fund-raising and some donations.
(c) The Repairs Reserve is set up to hold funds for work estimated to be done, but not completed in a financial year
and is drawn down as work is undertaken in future years,
(d} The Investment Revaluation Fund refers to the notified unrealised surplus on the market value of the investment
compared to the original cost.
The Church has the following Restricted funds (see Accounting policies - Note 1)
(a) The Organ Fund receives donations for maintaining the organ at the Church and pays out for major repair work.
ANALYSIS OF FUND BALANCES - Comparative Figures ‘
Unrealised
Balance at Surplus/(Deficit) Balance at
1 April 2023 Income Expenditure Transfers oninvestment 31 March 2024
£ £ £ £ £ if
Designated Funds
Memorial 108,085 181,219 (29,923) 0 0 259,381
Partnership 6,665 7,578 (7,269) 0 0 6,974
Repairs Reserve 22,921 . 872 0 0 0 23,793
Investment Revaluation 24,957 - 0 0 0 4,077 29,034
—————"402,629ner(180,669 ~~ «G7,i92)=“‘<; 2 ”~<C;CS;:C‘“‘ Ce
Restricted Funds
Organ 17,104 651 0 0 0 17,755
Special Collections 0 14,625 (14,625) 0 0 0
17,104 15,276 (14,625) 0 0 17,755
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Page 14

PURLEY UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS continued for the year ended 31 March 2025

16. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Funds|Restricted|.|2024| |General|Designated|Funds|TOTAL| |£|£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|92,175|152,295|14,625|259,095| |Charitable|activities|3|65,274|7,232|0|72,506| |Investment|income|4|5,533|5,239|651|11,423| |Total|income|and|endowments|162,982|164,766|15,276|343,024| |EXPENDITURE|ON| |Charitable|activities|5|175,061|12,289|0|187,351| |Contributions|to|other causes|6|0|0|14,625|14,625| |Total|expenditure|175,061|12,289|14,625|201,976| |(12,079)|152,476|651|141,048| |Net|gains/(losses)|on|investments|8|0|4,077|0|4,077| |NET INCOME/(EXPENDITURE)|(12,079)|156,552|651|145,125| |Transfer between|funds|0|0|0|0| |Net|movement|in|funds|;|(12,079)|156,552|651|145,125| |RECONCILIATION|OF|FUNDS| |Total funds brought|forward|145,470|162,629|17,104|325,203| |TOTAL FUNDS CARRIED FORWARD|:|133,390|319,182|17,755|470,327|

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