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2025-12-31-accounts

KINGS ROAD UNITED REFORMED CHURCH

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st DECEMBER 2025

CONTENTS

CONTENTS
Page
Report of the Trustees 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 15

KINGS ROAD UNITED REFORMED CHURCH

1

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025

ADMINISTRATIVE INFORMATION

Kings Road United Reformed Church is a local church of the United Reformed Church in Great Britain, and is a member church of the Eastern Synod of the United Reformed Church. It was registered on 26th August 2009 as Charity Number 1131367.

Kings Road United Reformed Church is situated at 91, Crowstone Road, Westcliff-on-Sea, Essex. SS0 8LH. Telephone : 01702 352668 www.KingsRoadURC.org.uk

The members of the Elders' Meeting for the time being are recognised as the charity trustees. Those who served from 1st January 2025 until the date this report was approved were:

Geoff Wright (Reverend) Resigned 23rd October 2025 (Chair until that date) Lauren Rule

Les Denton Joint Chair from 4th November 2025 Lynda Beamont Maggie Wright Resigned 23rd October 2025 Margaret Bidmead Nick Raggett Joint Chair from 4th November 2025

The Church buildings are vested in 'The United Reformed Church (Eastern Province) Trust' as trustee and held for the benefit of Kings Road United Reformed Church in accordance with the trusts applicable to United Reformed Church properties.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The activities of Kings Road United Reformed Church are overseen by the Elders Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church, and supplemented by the rules of Kings Road United Reformed Church. The governing document of the registered charity is a statement adopted by the Church Meeting on 3rd May 2009 and renewed on 11th February 2018 after the merger of Crowstone St. George's United Reformed Church with Westcliff United Reformed Church on 22nd Octoner 2017.

The Elders' Meeting is responsible for the financial administration of the Church and the care and maintenance of Church premises. The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church. The Church Meeting meets four times a year.

The members of the Elders' Meeting are the minister in pastoral charge and up to seven members of Kings Road United Reformed Church nominated and elected by the members of the Church in Church Meeting. Elders serve for four years, retire by rotation and are eligible for re-election. After two periods of consecutive service Elders will normally be expected to stand down for a two year period. The members of the Elders' Meeting are the trustees of the registered charity during their period of service as Elders.

The Elders' Meeting met twelve times during the year. It is assisted in the administration of the Church and its property by the Business Committee. We also have more informal groups, including Outreach and Fundraising and Pastoral Care.

The Business Committee oversees the financal management of the church and is responsible for maintaining the fabric of the Church.

KINGS ROAD UNITED REFORMED CHURCH

2

REPORT OF THE TRUSTEES - Continued

OBJECTIVES AND ACTIVITIES

As a local congregation of the United Reformed Church, Kings Road United Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its building. Our mission statement sets these objectives out more specifically as:-

The Elders' Meeting is aware of the Charity Commission's guidance on public benefit in 'The Advancement of Religion for the Public Benefit' and has regard to it in the administration of the Church.

The Elders' Meeting believes that the Church provides benefit to the public by: (a) 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 from what the Church (b) promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole.

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

2025 proved to be a more encouraging year after ending the previous one with the challenges of being without fulltime ministerial oversight.

In April, through Synod, we were introduced to Revd Naomi Young-Rodas who was able to give us pastoral support and lead us in Morning Worship on some Sundays.

The Mission Partnership gathered momentum with meetings between the Elderships of the five churches starting in earnest in the August. This culminated in the Churches signing the Mission Partnership agreement at a special service in February of 2026, held at KRURC and led by our Moderator Revd Lythan Nevard. With the Mission Partnership now constituted the work begins to bring full time Ministry to the Partnership. A ‘Partnership Group’ with representatives from the constituent churches has been formed and they will initially be responsible for The Partnerships Pastorate Profile and be the group that oversees the filling of the Ministerial vacancies. The Partnership Group will eventually work alongside the two Partnership Ministers helping to encourage and make the best use of their time and the time and resources of the five individual

“This will require a new model of leadership whilst continuing to work as a United Reformed Church, through the Elders andChurchMeetings. The new modelwillneedto carry us forward withthe things that we already do so well and relate to, yet enable us to work within the new structures of the Partnership.”

KINGS ROAD UNITED REFORMED CHURCH

3

REPORT OF THE TRUSTEES - Continued

REVIEW OF ACTIVITIES AND ACHIEVEMENTS - Continued

KRURC continued this year with its small, dedicated Eldership that has ensured weekly Sunday Worship was offered, and continued to oversee the care and support for the congregation and the community within which it is set. We are encouraged that a further Election of Elders will occur at this year's (2026) AGM increasing its number and ability to reach out.

The average attendance at Sunday Morning Worship continues at approximately 55 people. We were blessed that 44 of these times saw 13 different members, or groups of members, from KRURC lead our thoughts and prayers as we gathered as a family of God’s people.

We learned in early 2026 that the Revd Naomi Young-Rodas had been called to a new pastorate in Hertfordshire. KRURC would again be without ministerial support until the Church Members, from the five churches of the Mission Partnership agree, with the guidance of the Holy Spirit, on the calling of two Ministers.

2026 marks ‘100 years in The Sanctuary’, a time of celebration to mark the opening of the ‘New’ Crowstone Congregational Church Building, our current home. However, it’s not just a Centenary we are marking, we also remember in these Celebrations the two other Churches who make up Kings Road United Reformed Church. 2026 is also 130 years since St George’s Presbyterian Church was founded and 139 years since Westcliff Congregational Church was established, then based in Leigh on Sea and known as Leigh Congregational Church.

But, whilst we look back at our memorable past, if we turn our faces to the present and future, we see dreams being dreamt and visions being seen. We see our work in the community continuing with regular Monday morning ‘Coffee and Chat’ and fortnightly ‘Light Lunches’. The Outreach Group, along with Natalie, our Outreach and Community Worker starting up new initiatives including a ‘Pudding Club’, ‘Anything Goes Club…’ and Pop-Up Cafes. Natalie pulling together teams of volunteers to run Holiday Clubs and making herself available to contact, and work with, the various sections of the Uniformed Organisations who look upon KRURC as their home. ‘Stay and Play’ opens our doors to carers and the youngest of pre-school children and welcomes them into our building for a morning of fun and/or relaxation and an opportunity for the children and carers alike to build friendships. Our various events from the recently returned ‘Film Night’ (previously ‘Sunday Cinema’) to ‘Autumn Fayres’ continue to give opportunities to engage with the people who use our building regularly, and others who live in our ‘parish’. Regular meetings of the Church - Prayer Group, Bible Study etc., have a loyal yet small following. And plans are well advanced for an Alpha Course to be run at KRURC in the Autumn of this year. All Good News…

…and so, as we turn our faces to the future we rejoice in our blended past and ask God for strength and courage; and for our hearts, minds and eyes to be opened to fulfil our dreams and visions. We pray for an even more glorious future knowing that…

‘The LORD Himself goes before you; He will be with you. He will never leave you or forsake you. Do not be afraid or discouraged.’ Deuteronomy 31:8

FINANCIAL REVIEW

A review of 2025 is best conducted looking separately at the church's General and Designated funds. Recurring activity is primarily through the General Fund. Income & expenditure through the designated funds tends to be more erratic.

The General Fund position in 2025 was broadly as expected; an almost breakeven position being both budgeted and achieved. The corresponding actual figure for 2024 was a small £1,891 deficit. Income and expenditure in 2025 were both less than budgeted; both however were also more than in 2024. The increases over 2024 were primarily due to the employment of a Community and Outreach worker funded from property sale proceeds released by the Eastern Synod of the United Reformed Church.

KINGS ROAD UNITED REFORMED CHURCH

4

REPORT OF THE TRUSTEES - Continued

FINANCIAL REVIEW - Continued

General Fund income of £133,836 was £19,489 higher than in 2024. Income from general giving (and associated gift aid) fell significantly, down from £47,615 to £43,483, due to the passing of a generous member of the congregation. Income from church lettings rose from £42,182 to £46,873 as a result of new/additional lettings and a small increase in hire rates in the Spring. Investment income rose from £17,432 to £19,363 as the church received a full years inome from its solar panels. Income from these was lower in 2024 as a consequence of the failure of the inverter. Other income is funding that the church received for its Community & Outreach worker. This post commenced towards the end of 2024, so while there is a full year's income in 2025 there was relatively little in 2024.

General Fund expenditure of £128,360 was £12,169 higher than in 2024. Ministry & Mission costs were slightly down, an increase of £216 in our contribution to the central URC Ministry and Mission Fund being offset by lower manse expenses following the retirement of our minister at the end of September 2024 and the calling of a shared minister from July 2025. A rise of £16,423 in church activities costs reflects the employment of our community and outreach worker at the end of 2024, a part year of salary and associated other costs in 2024 giving way to a full year of costs in 2025. A £2,862 fall in Church running costs, from £59,360 to £56,498, arose from lower gas and electricity expenditure, together down £3,528, primarily due to contract renewals. There were inflation linked increases in staff and insurance costs but these were partially mitigated by small savings elsewhere.

2025 saw a net outflow of £22,523 from our Designated funds in marked contrast to the £29,966 inflow in 2024. This reflects primarily a timing mis-match between receipts and expenditure relating to various church maintenance and upgrade works funded from the proceeds of sale of the Westcliff URC buildings. £80,000 was received in 2024 relating primarily to expenditure incurred in 2023. £49,906 was received in 2025 relating primarily to expenditure in 2024. Some recovery of similar costs incurred in 2025 is anticipated in 2026. Excluding these gyrations the funds held in the church's designated reserves have remained relatively stable.

The church's financial projections anticipate a General Fund deficit of circa £8,000 in 2026. Some additional costs and inflationary increases in other expenditures are not expected to be met by income which is projected to fall slightly as a result of lower giving and falling interest rates.

The church holds an investment in the COIF Charities Ethical Investment Fund. While the value of this investment fluctuates, it has trended up over time. The trustees consider that the forecast dividend yield of 2.8% provides an acceptable rate of return for the risk being taken. It is anticipated that the value of the investment will generally increase over time protecting the invested reserves from the detrimental effects of inflation. The investment fell in value in 2025 by £4,816 following increases in both 2023 and 2024.

The generous financial support of members and friends, this past year and ongoing, is greatly appreciated. The trustees are also grateful that fund raising events have been very well supported.

RESERVES POLICY

Unrestricted Funds:-

Recognising that income fluctuates in amount and in timing and may not match anticipated expenditure, the Elders seek to keep a balance in the Church's General Fund equivalent to the projected deficit for the following year (if such is the case) plus at least three months expenditure. This deficit funding / 'working capital' ensures that adequate funds are always available to meet day to day costs as they are incurred and ensures that activities can be planned and carried out with certainty and without fear of interruption. The balance at 31st December 2025 of £80,071 is in excess of this funding level.

KINGS ROAD UNITED REFORMED CHURCH

6

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Independent Examiner's Report to the members of Kings Road United Reformed Church

I report to the members on my examination of the financial statements of Kings Road United Reformed Church ('the charity') for the year ended 31 December 2025.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no audit opinion on the accounts and my report is limited to those specific matters set out in the examiner's statement.

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 giving me cause to believe that in any material respect:

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

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

  3. the financial statements do 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: Date: 31/03/2026

Priscilla Asirifi ACMA

3 St Annes place Manchester M34 5JB

KINGS ROAD UNITED REFORMED CHURCH

7

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
Note £ £ £ £ £
INCOMING RESOURCES
Income from:
Donations and legacies 2 43,880 0 4,702 48,582 56,715
Charitable activities 3 1,502 -- -- 1,502 447
Other trading activities 4 51,419 2,153 -- 53,572 48,887
Investments 5 19,363 -- -- 19,363 17,432
Other 6 17,672 49,906 -- 67,578 81,964
Total 133,836 52,059 4,702 190,597 205,445
RESOURCES EXPENDED
Expenditure on:
Raising funds 7 988 994 -- 1,982 1,352
Charitable activities:
Ministry & Mission 8 50,460 312 -- 50,772 51,899
Church activities 9 19,203 1,542 -- 20,745 8,795
Church running costs 10 56,498 72,782 -- 129,280 113,165
Support of outside causes 11 1,211 -- 4,808 6,019 4,705
Total 128,360 75,630 4,808 208,798 179,916
Net gain/(loss) on investment 15 -2,064 -2,752 -- -4,816 2,515
Net income/(expenditure) before transfers 3,412 -26,323 -106 -23,017 28,044
Transfers between funds 17.1 -3,800 3,800 -- 0 0
Net movement in funds -388 -22,523 -106 -23,017 28,044
Total funds b/fwd 1 January 2024 80,459 88,583 133 169,175 141,131
Total funds c/fwd 31 December 2024 £ 80,071 £ 66,060 £ 27 £ 146,158 £ 169,175
(Note 17) (Note 18)

The notes on pages 9 to 15 form part of these financial statements

BALANCESHEETASAT31DECE MBER 20 25 25
UnrestrictedFunds Restricted TOTAL TOTAL
Note General
EE		 Designated Funds
e		 2025
f		 2024
E
FIXEDASSETS
Tangibleassets 14 2,059 2,059 3,568
CURRENTASSETS
Debtors
Giftaidtaxrecoverable 5,600 5,600 7,184
Accrued income 2,644 2,644 4,407
Hall fees& otherdebtors 245 245 6,485
Prepayments
TotalDebtors		 7,556
-i6FAf
o		 ----6' 7,556
--]E;d45		 7,202
tr
ffo
Investments
COIFCharities EthicalInvestmentFund 15 38,28051,039 89,319
94,t35
Bankandcash balances
COIF Charities DepositFund t6 27,30210,618 37,920 49,754
Bankcurrentaccounts
Totalbankandcash balances		 12,295
--9F97		 4,551
-l5r6t		 581
-*---581-		 17,427
--wtr		 7,159
--sTpr
Total CurrentAssets @ -67d',6'-----ffi lmm w
CURRENTLIABILITIES
Accrued expenses 5,378 72t 5,499 3,263
Incomereceivedinadvance 10,052 10,052 1,611
Creditorspayablewithrnone year 481 27 554 1,062 845
15,911 148 554 16,613 5,719
NETCURRENTASSETS --EF-IT _6606-6 lmffi' @
TOTALNET ASSETS -
r-'op'r:6'dp6qL-rW-		 Lw
THE FUNDSOFTHECHARITY
Unrestrictedincome funds:
General 80,071 80,071
80,459
Designated
Total		 ll 66,060 66,060
-T46Er		 BB,5B3
@
Restricted income funds: r
,0's:-e-T5T-L:f		 27 -r45-,15E-
77		 L f6g-,16
IJJ

KINGS ROAD UNITED REFORMED CHURCH

9

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES

1.1 Basis of Accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Income recognition

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donated services are accounted for in the period to which they relate provided the value of the gift can be measured reliably.

1.3 Expenditure and Liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Expenditure is recognised in the period to which it relates and includes attributable VAT which cannot be recovered. Most of the management and activity of the church is carried out by volunteers. This intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.

1.4 Fund Accounting

Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Designated funds are funds established by the church for particular purposes as set out at note 17. The designation is a statement of intent and does not prevent the church from using these funds for other purposes if circumstances change. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of the grant.

1.5 Tangible Fixed Assets

Freehold property: The Trustees of the church are the United Reformed Church (Eastern Province) Trust who hold buildings and land upon trust for purposes connected with Kings Road United Reformed Church. Expenditure incurred on the church is written off in the year it is incurred.

Equipment: Equipment is stated at cost less depreciation. Depreciation is provided at the following annual rate calculated to write off the cost of assets over their estimated useful lives:

Photocopier, and I.T. and Sound and Audio/Visual equipment

25% straight line (over 4 years)

1.6 Taxation

As a registered charity the church is exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.

1.7 Investments

Investments are initially recorded at cost but subsequently revalued at 'fair value'. Any increase or decrease in value is shown in the Statement of Financial Activities.

1.8 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements

KINGS ROAD UNITED REFORMED CHURCH

10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
2 DONATIONS AND LEGACIES
General Giving 35,620 -- -- 35,620 38,146
Gift Day -- -- -- -- --
Income tax refunds under Gift Aid 7,863 -- 165 8,028 9,469
Special offerings and donations -- -- 4,537 4,537 3,309
Other donations 397 -- -- 397 791
Legacies -- -- -- 0 5,000
£ 43,880 £ 0 £ 4,702 £ 48,582 £ 56,715
3 CHARITABLE ACTIVITIES
Income from outreach activities 956 -- -- 956 --
Parent & Toddler, Childrens & Youth activities 546 -- -- 546 447
£ 1,502 £ -- £ -- £ 1,502 £ 447
4 OTHER TRADING ACTIVITIES
Church lettings 46,873 -- -- 46,873 42,182
Fund raising events 4,423 2,153 -- 6,576 6,622
Photocopier income 123 -- -- 123 83
£ 51,419 £ 2,153 £ -- £ 53,572 £ 48,887
5 INVESTMENTS
Interest 3,309 -- -- 3,309 3,265
Investment Fund Dividends 2,715 -- -- 2,715 2,669
Rent : 40 Kenilworth Gardens 7,875 -- -- 7,875 7,450
Rent : Tennis Club 2,000 -- -- 2,000 2,000
Solar panel income 3,464 -- -- 3,464 2,048
£ 19,363 £ -- £ -- £ 19,363 £ 17,432

The church receives 50% of the net rental income arising from the letting of the manse at 40 Kenilworth Gardens pending a decision on the future use of the building.

6 OTHER
Income from Synod trust fund 17,672 49,906 -- 67,578 81,964
£ 17,672 £ 49,906 £ -- £ 67,578 £ 81,964
7 RAISING FUNDS
Kitchen / coffee bar supplies -- 810 -- 810 281
40 Kenilworth Gardens : Maintenance -- 184 -- 184 135
40 Kenilworth Gardens : Insurance 259 -- -- 259 245
40 Kenilworth Gardens : Letting fees 709 -- -- 709 671
Other 20 -- -- 20 20
£ 988 £ 994 £ -- £ 1,982 £ 1,352

KINGS ROAD UNITED REFORMED CHURCH

11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
8 MINISTRY & MISSION
URC Ministry & Mission Fund (See below) 47,160 -- -- 47,160 46,944
Manse expenses 679 -- -- 679 2,401
Manse maintenance 174 -- -- 174 -16
Ministers car expenses 482 -- -- 482 751
Ministers expenses 255 -- -- 255 47
Sunday organists -- 312 -- 312 --
Worship & resources 1,710 -- -- 1,710 1,772
£ 50,460 £ 312 £ -- £ 50,772 £ 51,899
URC MINISTRY & MISSION FUND
The church contributes to the central United Reformed Church 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. In 2024 the unrestricted income of The United Reformed Church Trust was £18.8 million
(2023 £18.6 million), 86% (2023 88%) of which was provided by the Ministry & Mission Fund contributions of churches.
Unrestricted expenditure amounted to £19.9 million (2023 £19.5 million) of which 80% (2023 81%) related to ministerial
costs.
9 CHURCH ACTIVITIES
Children's activities 143 -- -- 143 137
Community & Outreach worker 16,587 -- -- 16,587 1,350
Organ & Piano tuning (inc. minor repairs) -- 1,542 -- 1,542 1,015
Organ repairs funded by Henry E Bass Fund grant -- -- -- 0 5,000
Other Outreach expenses 2,042 -- -- 2,042 388
Other costs 412 -- -- 412 291
Recruitment & training 19 -- -- 19 614
£ 19,203 £ 1,542 £ -- £ 20,745 £ 8,795
10 CHURCH RUNNING COSTS
Buildings maintenance -- 27,924 -- 27,924 19,483
Centre Manager 13,158 -- -- 13,158 12,475
Caretaker / Cleaner 10,353 -- -- 10,353 10,104
Cleaning materials & refuse collection 2,872 -- -- 2,872 3,266
Depreciation of equipment
Note 14		 1,987 -- -- 1,987 2,299
Electric 5,214 -- -- 5,214 7,081
Gardening -- 814 -- 814 1,506
Gas 9,507 -- -- 9,507 11,168
Independent Examiner 300 -- -- 300 275
Information Technology 821 -- -- 821 1,100
Insurance 9,617 -- -- 9,617 9,079
Other costs 414 -- -- 414 554
Payroll 336 -- -- 336 312
Photocopier charges 460 -- -- 460 322
Premises improvements (Westcliff Fund) -- 42,029 -- 42,029 30,405
Printing, postage and stationery 322 -- -- 322 271
Servicing / replacement of equipment (inc. compliance reviews) -- 2,015 -- 2,015 2,411
Telephone 703 -- -- 703 651
Water 434 -- -- 434 403
£ 56,498 £ 72,782 £ -- £ 129,280 £ 113,165

KINGS ROAD UNITED REFORMED CHURCH

12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Funds Unrestricted Funds Restricted TOTAL TOTAL
General Designated Funds 2025 2024
£ £ £ £ £
11 SUPPORT OF OUTSIDE CAUSES
Homeless Action Resource Project (H.A.R.P.) 1,211 -- -- 1,211 1,200
Communion Fund (see Note 18) -- -- 1,401 1,401 1,224
Commitment for Life -- -- 825 825 825
Other restricted gifts passed on (see below) -- -- 2,582 2,582 1,456
£ 1,211 £ -- £ 4,808 £ 6,019 £ 4,705
11.1 Other restricted gifts passed on:-
General :-
Book Trust 23 --
Christian Aid 1,485 864
Christian Aid (Prayer Group) -- 250
Citizens Advice Bureau 50 60
Guide Dogs for the Blind (Prayer Group) 400 --
HARP (Coffee Morning) 389 --
HARP (Harvest collection) 235 282
£ 2,582 £ 1,456
12 PAID EMPLOYEES
Salaries and wages 39,231 23,526
Employers pension contributions 866 403
£ 40,097 £ 23,929
Average head count in the year 3 2

13 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

13.1 Trustee renumeration and benefits
None of the trustees have been paid any renumeration or received any other benefits from an employment with the church.
13.2 Trustees' expenses
Preaching fees -- --
Mileage -- --
Manse telephone -- 390
£ 0 £ 390
13.3 Transactions with related parties: -
There have been no related party transactions in the reporting period.

KINGS ROAD UNITED REFORMED CHURCH

13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14
TANGIBLE FIXED ASSETS
Cost
Balance b/fwd 1 January
Additions
Disposals
Balance c/fwd 31 December
Depreciation
Balance b/fwd 1 January
Depreciation for year
Disposals
Balance c/fwd 31 December
Net book value		 I.T.
Equipment
4,705
478
--
5,183
3,715
605
--
4,320
863		 Sound &
Visual
Equipment
2,455
--
--
2,455
1,180
340
--
1,520
935		 Photo-
-copier
£
4,170
--
--
4,170
2,867
1,042
--
3,909
261		 TOTAL
2025
£
11,330
478
--
11,808
7,762
1,987
--
9,749
2,059		 TOTAL
2024
£
10,872
1,355
-897
11,330
6,360
2,299
-897
7,762
3,568

The church has an interest in the following assets not capitalised in these Financial Statements.

15
COIF CHARITIES ETHICAL INVESTMENT FUND
Balance b/fwd 1 January
Investments/(withdrawals) during the year
Gain/(loss) on investment
Balance c/fwd 31 December		 2025
£
94,135
--
-4,816
89,319		 2024
£
91,620
--
2,515
94,135

On 6th December 2018 the church purchased 30,438.75 units in the fund at a price of £2.30 per unit (total cost £70,000). There have been no transactions since. At the year end the value of the units was £2.93 (2024 : £3.09) per unit giving rise to an unrealised loss on the investment of £4,816 during the year. The investment loss is split between the General Fund, the Maintenance Fund and the Legacy Fund in proportion to those funds interest in the invested balance, currently 3/7ths, 3/7ths & 1/7th respectively. On 10th April 2026 the value of the units was £2.82 giving the investment a value of £85,725.

The fund pays dividends four times a year and at 31st December 2025 had a forecast gross dividend yield of 3.08% (2024 : 2.84%).

Units in the fund can be traded daily with settlement proceeds usually being remitted to the church bank account within four Business Days.

16 COIF CHARITIES DEPOSIT FUND

No notice period is required to withdraw these funds which can generally be accessed within a few days via delivery of a signed withdrawal authority.

KINGS ROAD UNITED REFORMED CHURCH

14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17 DESIGNATED FUNDS

Maintenance Fund

Funds set aside to meet the cost of maintaining the fabric of the church, the manse & 40 Kenilworth Gardens buildings and for providing and servicing furniture and equipment to enable the buildings to be used effectively to meet the church's objectives.

Legacy Fund

Funds set aside to enable the church to meet obligations or carry out projects, the costs of which can not be met from the church's regular sources of income.

Westcliff Fund

Monies transferred to the church from the Synod trust set up to hold the proceeds of sale of the Westcliff URC buildings. These funds are available for maintenance of the church premises or for mission activities.

Kitchen Fund

Funding received and set aside to meet the cost of improvements to the church kitchen.

17.1 The movements on the Designated Funds during the year were:

Maint. Legacy Westcliff Kitchen Total Total
Fund Fund Fund Fund 2025 2024
£ £ £ £ £
Balance b/fwd 1 January 333 29,163 53,414 5,673 88,583 58,617
Incoming resources 49,906 -- 2,153 52,059 87,624
Resources expended -30,040 -2,668 -42,029 -893 -75,630 -60,220
Investment (loss) / gain -2,064 -688 -- -- -2,752 1,437
Fund Transfers 3,800 -- -- -- 3,800 1,125
Balance c/fwd 31 December £ 21,935 £ 25,807 £ 11,385 £ 6,933 £ 66,060 £ 88,583
2025 2024
17.2 Maintenance Fund £ £
Balance b/fwd 1 January 333 19,606
Budgeted transfer from the General Fund for ongoing maintenance costs 3,800 1,125
Transfer of Westcliff URC sale proceeds from Synod 49,906 --
Share of increase / (decrease) in value of investment -2,064 1,078
Church - Items under £1,000 -5,521 -4,140
Church - Servicing of equipment (including compliance reviews) -1,932 -1,874
Church - Redecoration of multiple areas -9,312 --
Church - Electrical rectification works -7,655 --
Church - Brickwork repairs to old subsidence damage -- -7,109
Church - Quinquennial repairs & redecoration (windows, walls & perspex sheet) -- -6,570
Church - Replacement of failed solar panal inverter -- -1,664
Church - Installation of LED lighting -2,916 --
Church - Replacement of boiler room roof -1,452 --
Church - Repairs to Sanctuary doors -1,068 --
Manse - Items under £1,000 -- 16
40 Kenilworth Gardens - Items under £1,000 -184 -135
Balance c/fwd 31 December £ 21,935 £ 333
17.3 Legacy Fund
Balance b/fwd 1 January 29,163 31,325
Share of increase / (decrease) in value of investment -688 359
Legacy - Mrs J Welsh -- 5,000
Organ repairs funded by Henry E Bass Fund grant -- -5,000
Organists at sunday services -312 --
Gardening -814 -1,506
Piano / Organ tuning (inc. minor repairs) -1,542 -1,015
Balance c/fwd 31 December £ 25,807 £ 29,163

KINGS ROAD UNITED REFORMED CHURCH

15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2025 2024
17.4 Westcliff Fund £ £
Balance b/fwd 1 January 53,414 3,819
Transfer from Synod trust fund -- 80,000
New church notice boards -- -7,141
Roof survey -- -2,160
New audio visual system -- -11,622
Replacement of boilers -24,408 --
New chairs -2,546 --
New carpets for Prayer Room, Office, Vestry & corridor -3,927 --
Replacement of Sanctuary lighting -9,960 -216
Feasibility work re eco replacement for church boilers -- -1,680
Survey of stained glass windows -1,188 --
Changing lights to LEDs -- -7,586
Balance c/fwd 31 December £ 11,385 £ 53,414
17.5 Kitchen Fund
Balance b/fwd 1 January 5,673 3,867
Refreshment receipts and net proceeds of light lunches etc. 2,153 2,624
Supplies -810 -281
New Fridge Freezer -- -403
Equipment repairs and minor purchases -83 -134
Balance c/fwd 31 December £ 6,933 £ 5,673

18 RESTRICTED FUND

Communion Fund

Collections taken during Communion services are credited to this fund which is used to support charities bringing assistance and relief to those in need at home and abroad, and occassionally to assist individuals directly.

Balance b/fwd 1 January 133 164
Collections - Monthly communion services 1,295 1,193
1,428 1,357
Expenditure :-
British Heart Foundation -- 104
Cardiac Risk in the Young (CRY) 112 --
Childrens Society 78 105
Christians Against Poverty 61 --
Christian Aid 106 110
Christian Aid - Myanmar Earthquake Appeal 185 --
Crisis 89 --
Essex & Herts Air Ambulance Trust 125 64
HARP (Homeless Action Resource Project) -- 95
Leprosy Mission -- 77
Mission Aviation Fellowship 78 --
Off The Streets 90 86
One Love Southend 95 --
Pacific Theological College - Fiji -- 140
Royal British Legion 85 --
Royal National Lifeboat Institution 71 90
Samaritans -- 75
Smile Train -- 106
Southend Christians Against Poverty -- 108
Southend University Hospital Neonatal Unit 106 --
Southend University Hospital Neptune Ward 120 --
St Vincent's Centre -- 64
1,401 1,224
Balance c/fwd 31 December £ 27 £ 133