Page I Raylei8h United Refornied Church Charlty (Alternatlve name- Chrlst Church United Reformed Churth Charity) Charlty Re8lstratlon Number: 1132232 The United Reformed Church Report of the Trustees For the year ended 31 December 2023. Mlsslon Statement Christ Church aims to promote and nourish faith in God, totell of God's love, and bv working together, to share God's love with the community and wider world. Thls report include5 information required by the Charities (Accounts and Reports) Regulations 2CK)8 and the Statement of Recommended Practice for Accounting by Charities 2005 as applicable to charities entitled to prepare accounts on the receipts and payments basis. Legal and Admlnlstrdtlve Infmatlon Christ Church United Reformed Church. Rayleigh is a local church of the United Reformed Church in Great Britain and is a member church of Eastern Synod of the Unlted Reformed Church. The church premises are situated in Crown Hill, Rayleigh S56 7HA. Christ Church Unlted Refornied Church Raylei8h is a community of people who 8ather tO8ether regularly to worship God in a non-conformist tradition that traces Its roots to the Reformation. Chrlst Church was establSshed as a Congre8ational Church in 1910 and joined the United Reformed Church at Its fomiation in 1972. The church premises are vested in Eastern Province Trust as trustees and held for the benefft of Christ Church United Reformed Church, Rayleigh in accordance wlth the trusts appllcable to United Reformed Church Pfopertles. Chrlst Church United Refornied Church, Raylei8h was re8lstered as a charbty on 21 October 2009 (Reg. No. 1132232) to comply with chan8ed legal requirements. The charlty trustees are the members of the Elder5 Committee, during 2023 they were: Joyce Berry Kelth Berry Robert Dart (to 12 September 2023) Sue Deane Gwyneth Delve (from 25 Aprll 20241 Phillip Headley lfrom 25 April 2024) Thora Ker (to 25 April 2024) lan Miller {to 25 April 20241 Richard Stokes {from 25 April 2024) Naomi Young-Rodas Bankers: Barclays Bank, 6>65 High Street, Rayleigh, SS6 7EL Strurture and Govemance The activities of Christ Church United Reformed Church, Rayleigh are overseen by the Elders, Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by General Assembly of the United Reformed Church and Supplemented by the rules of Christ Church United Reformed Church, Rayleigh.
Page 2 The Elder5, Meeting is re5pon5ible for the spiritual well-being and financlal administration of the Church. and the care and maintenance of Church premises and the manse. The Church Meeting (of all church members wishing to attend) gives guidance on the lrfe and work of the Church. appolnts Church Officers. all major initiatives and significant items of church Èxpenditure are also brought to Church Meeting for approval. The members of the Elders. Meeting are the minister in pastoral charge and up to eight members of Christ Church United Reformed Church, Rayleigh nominated and elected by the members of the Church. Elders having Seed for 3 years retire by rotation and are eli8ible for re-election for a further period of 3 years. Followin8 a period of 6 consecutive years as a servlng Elder. a period of one year must elapse before the person is eligible for re-election as a servin8 Elder. There is no limit on the number of periods of servsce. The members of the Elders, Meetin8 are the trustees of the registered charity durin8 thelr period of service as Elders. Objectlves and Artlvltles As a local con8re8ation of the United Reft)rmed Church. Christ Church, Raylelgh seeks to advance the Christian faith through its activities and the facilities offered to the community by Its bulldin8 and descrlbed more speclfically in Its mission statement. The Elders, Meeting is aware of the Chaiity Commission's guldance on publlc benefit In Yhe Advancement of Religion for the Public Benefft. and has regard to It in the admln15tratlon of the church. The Elders. Meeting believes that the Church provides benefit to the publlc by.. providing resources and facilities for public worship. pastoral care and spiritual moral and intellectual development, both for the congregatlon and for anyone else who wlshes to benefft from what the Church offers: managing the premlses for community use: promotSng Chrlstlan values and services by members of the congregation to the communlty, for the benefft of individuals and soclety as a whole. Revlew of Actlvltles and Athlevements Worshlp has been offered regularly on a Sunday mornln8 led by the minister, Revd. Naomi Young-Rodas, by visiting worship leaders or by one of the lay preachers wrthin the congregatlon. The average attendance was 47 at the morning service. Actlvities are arranged for the younger members of the congregation (usually four or five children) In the Sunday Club or, once a month the service is All A8e Worship. A spetial servlce of Rememberingwas held in October and a Christingle Servlce on Christmas Eve. Messy Church was held on six occasions duringthe year. A Carers and Toddlers Group meet once a week during school term time organised by the church's Children and Family Worker and volunteers from the churth have helped with the running of this 8roup. A service based on the Tai2e style of worship is held once a month. A monthly Space for Prayer is arran8ed 8iving a quiet time for anyone wishing to attend. Atthe end of 2023 the church membership wa5 70 with nine people regularly attending worship who are not church members. Pastoral Care and Church Ufe All members and adherents are included in Pastoral Groups. The church employs a Children and Family Worker who liaises with the famllies of children connected with the church. A number of artivities are arranged duringthe yearwhere members and friends can meet including Quiz Ni8hts and Meals Out.
Page 3 A number of organisations are affiliated to the church. the membership of these organisations 15 not limited to people who attend Christ Church, Rayleigh. They include the Concord Ladies Club and the Badminton Club. The funds forthese organisatlon are in separate accounts. they have their own committee structure and treasurer, but their total receipts and payments and the balance held at the year end are included in this report. Separate accounts for the Music Group and the Fairtrnde stall are maintained. again their receipts and payments and year end balances a induded in this report. The Needles and Natter group contlnued meetin8 and as wlth the other organlsatlons Is not limited to those who attend the church. In 2023 a Drop In Coffee moming was started once a week and from January to March the church was open one mornln8 a week as a °Warm Space" for anybodyto use. The work on the bulldlng projert has continued with disCU$5ions bein8 held with the archltect. Plans and specification were drawn up to include the necessary paIrS identified by the Quinquennlal Survey and to improve the insulation of the building. We were successful Sn securlng grants from Eastern Synod and some other charitable funders, which together we the Church Maintenance Fund and generous donations from members of the church family have enabled work to commence. As the finance would not cover all the desired work it was declded to divide the projert Into two phases, the first coverlng the repairs identified In the quinquennial report and insulatlon work and replaclng the gas heater In Caley Hall in Caley Hall. Charltable Works Fundraisin8 for other charities contlnues on a regular basls wlth dlfferent charltles beSng supported each month during the year (see Note 51. In addition, the church has a partner church in Zimbabwe, thls partnershlp was established In 2010 and financial assistance has been given to the church In Budiriro. Flnandal Revlew The accounts for the year are set out on pages 6 to 12. The trustees have taken the opportunity to prepare these financial statements in accordance with the Charities Act 2011 Section 144, uslngthe Receipts and Payments bas available to small charities and the Unlted Reformed Church guldance. Forthe church the main source of recelpts are the Offertories, includln8the 8lving by some members by monthly standln8 order. hall hire and the Income earned by the solar panels Installed on the roof of the church. The General fund. after making some transfers to the designated accounts, indicates receipts in excess of expenditure of £26712022- surplu5 of £1,641). The designated funds are detailed in Note 2 of the statements and provide resep4es to meet various categories of non-routine expenditure. The church was fortunate to receive one legary of £IO.O(K) in 2023 and this was added to the Bequest Fund. During 2023 the value of the investments held bythe church increased in value by £7.402 and the professional fees incurred in connertion with the building project were met either from the Church Maintenance Fund or by drawlng down some of the grant from the Synod. After taking into account the increase in the value of the investments held bythe church and with the grants and donations to the building fund the total funds of the church charity were approximately £41,334 higher at the end of 2023 compared with December 2022. The Restricted Funds
Page 4 comprise mainty of money glven for the building project, other charities and the funds of the Other Organisations. Reserves - the trustees consider that a minimum of £IO,IMM) should be held as a reserve in the General Fund to meet routine expenditure, and although the balance of the General Fund is lower than that at present It does not give too much cause for concern as funds are held in designated funds which could be made available should the need arise. Investment Pollry- as some of the funds were not needed for current expenditure they were placed in investment funds with CCLA Management to provide a better return than was available on Deposit Accounts. The income from the investments held In Designated Funds is included within the general receipts. Although some of these investments will need to be sold to fund the building project. Rlsk M8na8ement- the trustees have identified what they belleve to be the fflajor risks which the church faces and are satisfied that these have been adequately mltl8ated where necessary and review the risk assessment annually. Safe8uardlng Pollcy- the charltys Safeguardin8 Policy is based on the one approved by the Unlted Reformed Church and Is revlewed regularly. The trustees and other key member5 Of the charity have attended on-line refresher safeguarding training. Publlc Benefft-the trustees are aware of the Charity Commission guldance on publlc benefit Includlng the speclfic guldance on charities for the advancement of religion. Everyone is welcome to attend our regular services and other attivities. Volunteers- as would be expected wlthin a church structure many of the activlties are carrled out by volunteers. The stipendiary minister Is paid from the central Unlted Reformed Church's Mlnlstry and Mission Fund to whlch the church contributes. The work of the church Is, therefore. substantlally dependent upon the voluntary members and it is not considered approprlate to conslder the value of this tlme. As mentioned earller the total rÈteipts and payments figures for the affiliated organisations are included in the charitys reeeipts and payments accounts. The year end balances are Included in the Statement of Assets and Liabilities. Approved by the Elders and si8ned on their behalf by: Church Secretary: S. Date: 544 SYkbAl ao%+
Page 5 Independent Examlnerfs Report to the Members of Chrlst Church United Reformed Church Charlty I report on the finanaal ststements of the Charlty for the year ended 31 December 2023 as set out on pages 6 to 12. Thls report is made solely to the charitrfs trustees, as a body. in accordance wlth section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the chariws trustees those matters l am required to state to them in thi5 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 chariV5 trustees as a body, for my work. for thls report. or for the opinlons I have fornied. Rupertlve respon51bllltles of trustees and examlner The tharws trustees are responsible for the pPatIOn of financlal statements. The charitvs trustees conslder that an audlt Is not requlred for this year under Sectbn 14412) of the Charltles Act 2011 llhe 2011 ACV) and that an Independent examlnatlon is needed. It Is my responslblllty to:
Examlne the financial statements under section 145 of the 2011 Act", To follow the procedures takl down in the General Dlrections 8lven by the Charity Cornmlsslon under sectton 14515llbl of the 2011 Art; and To State whether particular matters have come to my attentk)n. 8•sls of Independent examlnerg report My exarnlnatlon was carrled out In accordan wlth the General Directlons 8lven by the Charfty Commlsslon. An examlnatlon Includes a review of accounting ordS kept by the charlty and a compariwn of the ftnanclal statements presented wlth those records, It also includes consideration of any unusual items or dlsclosures In the flnanclal statements and seeklng eXPlanatn$ from you as trustees conternlng any such matters. The procedures undertaken do not pro%ide all the evrdence that would be requlred In an audlL and consequently no oplnlon Is Iven as to whether the financlal statements present a true and falrf vlew and the report is limlted to those matters set out in the ststsment below. Independent examlnerf statement In connection with my examlnation. no matter has COMÈ to my attention: al Which glves me reasonable cause to believe that in any materlal respect the requirements: To keep accountin8 retords in accordance wlth sertlon 130 of the 2011 ACL. and To ppare financial statements whlch accord wlth the accountin8 records and comply wlth the accounting requlrements of the 2011 ACL" Have not been meL or b) To which. In my opinion. attention slK*uld be dftwn In order to enable proper understandlng of the financlal ststements to reached. Independent Examiner Sl8nature Name: Mrs L Haworth Date:
CHRIST CHURCH UNtrED REFORMED CHURCH. RAYLEIGH Page 6 FINANCIAL STATEIIENTS YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS AGGIlr Regl•t•r•d 48 ¥ Charlty. Numb•r 1132232 2022 Totst £ Furth£ FLMth£ To£ REC&PTS 0ring8 Oonab'ons 48.119 3,240 2,454 48.119 3.240 45.346 10.CKK) 10.C 7.849 1,255 450 442 1,292 Mc5 rai6ed lor outsAJ• ¢M•• Budiriro Prcwct Budinro Church cornmun FuThl IACTS 435 930 1.2 1.250 1,042 1,042 Proparty. thurchlh811 u8•rn In¥eBtyrnnl inCry1nknrI R•fund8 Fggd In Tariff BuibJing Propd Church FumhY Fur ChibJrnn8 Are8 Hub Grant Energy Grnnl A¢AN• Tntyt 10 3.423 2.196 4.1C6 5.394 13.524 12 2,193 2,9 2,193 $0.751 125 9).751 125 241 211 815 Toil roc•lpts 89. 10.CX)) 54.710 134. 93.637 PAYAIENTS Minotry & FuTrJ Worehy Coots Fu1 l ACTS 135 SuFwt of QLtshJ• 8udiriro Project 8udiriro Church 37.932 1.737 37.932 1,737 2,124 1,181 13 1.692 1.272 1.419 489 2,089 2.124 t.181 1,716 14 15 18 19 17 18 732 16.e10 3,051 Chur¢h funnwd o) AdMin[lOn Costs M8inbnan MinisWs Eyro•s 16.810 3.057 9,628 2,449 3.217 3,217 4,542 10.587 3,105 4,628 9.754 Chiklren and Famy Vlothw ChibJren'$Ar•a Up9rada to W1 ButhlirvJ Propd Sund• 10,587 14,553 14.553 20,723 1,777 Totsl paynnts 82.029 19.043 101.073 101.629 12,(Kw) -12,C(#J Trnns Imrn chh Oipanlutk*n• 11 NET RECEIPTS I IPAYMENTSI 267 33.933 Ca¥h & •hort t•vm d•pggits Investmpnt Fun0• M 1 Jan Unrnalis•d g•in on Fn¥88ln 7.131 619 70.772 1.970 17.073 81.372 -10.6¢J) 70.772 Church fvnd• cll 31 Doc•mb•r 76.793 37.836 121,827 8ON93
CHRIST CHURCH, RAYLEIGH UNfrED REFOFIMED CHURCH P•ae 7 FWANCIAL STATEIIENTS YEAR ENDED 31 DÉCÉIIBER 2023 REGEIPTS ANO PAYME14TS ACCOUNT Icortd STATEMENT OF ASSETS AND LIABILMES Thmb Yo 2023 T¢Mal £ Last Year Fwd•£ Tcrt £ Church 01111[0 Rac8iPt8 Paymènt8rrr8rffjfws Out Balances bm 1 Jan B•lanC clf 31 O•c 6.132 6,132 1.451 1.698 2,104 2,104 Totsl ConAolid•t•d FundB ReceiptslG•iTh on inlmts PayThents Tran8lers fut Bal8nce bff BalanG• cn 70.2 17.402 61,250 25,176 148.948 107.205 89,911 107,617 12.¢J)) 7.131 7,3 -12.C 71.391 76.793 82.188 123.931 99,896 12.189 39.740 Chyych Bank uJnBnt Aecount twrt ac%ounts Inv•#bn•nts 2,284 41,370 78.173 6.137 IEEE 5.894 27.428 9.430 68.743 70.n2 Chur¢h 7.398 78.793 121,827 10,493 C88h Bank (8n1 accounl 175 175 154 1.541 Cfvuh Ory•nlM 2,104 1104 1.696 Totsl Alon•tsry A•••t• CA8h 8ank 175 2,709 27,4 9,430 175 4,213 41,370 78,173 21 7,8n Invasbnents 68.743 70,772 Totsl Con•olld•t•d 7,398 76.793 39.740 123.931 82.188 Bu&1iry uThlor•tatuW Iwusts CtsJro) APPROVED by th• Tru•l••• cffj 14 by Yc)vVétPa)AS Inarnel TheThes 810 12 fLYrnPtollhis finwoa1*8teJwt
CHRIST CHURCH UNThED REFORMED CHURCH. RAYLEIGH Page 8 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES 1 ACCOUNTING POLICIES The financial stalemenls have been prepared in ac¢ordarK* WFlh the CharFbe$ Act 2011 Seth'on 14515llb), using the Receipts and Payments basis avalable to small chariiits, and the United Refomed Church guidance. FUND ACCOUNTING unr••trI Fund• may be used by thé church for any of ils ordinary wrFoses. Doslgnatod Funds represent unrestricted funds set asde by the thurch for speok desunated purposes, they can be transferred W into general fvnds at the church's deci5K. R•8trfct•d Fund• represent income which may be expended only on those restrthd Obj provided in the terms of a trust or bequest. or donations or grants red or iniAted for a specfft purpose. These funds can onty b& spent on the specfft purF4)se for Wthich they were given. Any balance remaining unspent must be carried forward as a balance on that fund for fvture exr£ndrture on that Specific purF¥)se or retumed. rt cannot be absorbed Into general funds. Balance Receip Transfer in Payments l Adjustment Transfers investment Out value 2,467.00 4,934.00 Balance 2 DESIGNATED FUNDS Fund name and purpo Church Maintenance Bequest FurKI Youthlchildren Work Reser+M Fund Youth Support Fund 17,328.72 46,689.04 5,671.75 1,701.27 2.OW.00 10,IXQ.00 21,795.72 47,623 04 5,671.75 1,701.27 14,000.00 .... Totals of De•lgnat•d Fund8 71,390.78 1 12,000.001 14.000.001 I 7,401.00,, 76,791.781 3 RESTRICTED FUNDS Fund n•mo and purpo COmmunn ACTS 435 Church Fumishing Fund Balance blf Receipts Payments Transfers Balance cJf 1,433.41 0.00 5CHJ.00 730.47 520.00 125.¢)0 1,603.90 520.00 000 0.00 0.00 0.00 559.98 0.00 625.00 4 RESTRICTED FUNDS Balance bm Re¢eipts Payments Transfers Balance clf Building Project Fund Receipts.. Grants FundraNng Hamonie cOnrt autt Nhts T8nts Cookery Book TLC Concert May Fair Donatn8 Interest Payments.. ProfessM)nal Fees Misc. expenses 0.00 22,288.18 4.65 811.70 193.00 140.00 240.00 271.11 25,937.50 373.32 14,476.36 111 77.05 Tolal RestrlGtod Fund6 50.751.46 14,553.41 36,198.05
CHRIST CHURCH UNITED REFORMED CHURCH. RAYLEIGH Page 9 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES- Gontinu BaUqn¢e R&*ipts inv£ Payments in year £ Bal8 S RESTRICTED FUNDS FOR OUTSIDE CAUSES Commrtment Life Trussel Trust Bar N Bu5 in year £ 1C6. 223.(KJ 103.C 0.00 223.cwj 103.00 0.00 Miiiii Christian Aid Big BrewlFairtrade HARP Havens Hospice Romanian Crests'n Trust Christingle - Lrtlle Havens Hopeworx Tools IAfith A Mission Hamonie Concert 250.00 43.80 95.00 72.1x1 49.35 250. 81.05 95.00 72.C 49.35 58.30 143.IXJ 37.25 0.00 143.00 20.00 200.00 20.00 200.00 Total for Outslde Caus08 37.25 1.363.45 1,180.70 220.00 BaL3nce Receipts Payments from PayThents in year £ Genreral Fund• in year £ BaLqnce 6 Budiriro Proj Budiriro Church 929.54 290.00 895.45 2,005. 34.09 0.00 Th18 Year 2023 Total £ L881 Ye8r 2022 Total £ FuTras e FuTrJs £ FuThls £ 7 OFFERINGS Envelopes standin9 Orders Lcx)se Grfi Aid Tax Refund 6.210 32,096 2,718 7,095 6,210 32,096 2,718 7,095 8,212 28,110 1.099 7,926 Total Oll•rtorl•8 48,119 48,119 45.347 FUNDRAISING Christsnas card -postage" Quiz Sheets Easyfundraising Amazon Scrabble Meals Other 422 57 55 20 146 327 16 422 57 55 20 113 17 128 823 185 327 16 Total Fundralglng 1.042 1,042 1,117 9 ACTIVITIES Messy Church Mustard Seed Toddlers Holiday Club l Farth Adventurers Needles and Natter Drop In Café 350 1,200 150 350 1,200 150 300 454 292 797 1c6 375 426 454 Total Acllvitles 2.454 2.454 1.996
CHRIST CHURCH UNITED REFORMED CHURCH. RAYLEIGH Page 10 FINANGIAL STATEMENTS YEAR ENDED 31 DECEIABER 2023 NOTES - Gonllnued This Year 2023 Total £ Last Year 2022 Totsl £ FuThts £ Furth £ 10 PROPERTY INCOME Hall Letb'ngs 3.658 3.658 3,423 Total prowty Income 3,658 3,423 11 TRANSFERS FROPIJ OTHER CHURCH ORGANISATION8 Goncord club Christ Church News 350 290 Totsl donallon• for of pr•ml8•8 000 12 REFUNDS Bridg8watsr Dfiva Refvnds for 2021 Bridgewater Drive RefrJnds 1.799 2,3C6 2,193 2.193 Totsl Rofund• 2,193 2,193 4,105 13 WORSHIP C08T8 Preaching Fees Worship Costs RSCM & Organist8' F888 Pi8nolOrgan Tuning Flowers Sound System CCLI Llcence Mi8cellaneou8 40 188 130 104 110 422 422 65 48 48 793 89 89 Totsl wor•hlp co•ts 1,737 1,737 1,692 14 ACTMTIES COSTS Messy Church Mustard Seed3 Toddlers Group Holiday Club Sunday Club Artclub Fallh Adventure Drop In Café Chrisbnas Books 381 140 81 48 381 140 81 48 383 156 58 177 32 29 29 53 53 Total Prnloct coots 732 732 15 CHURCH RUNNING C08T3 ElectTicty Gas Insurance Water rates Cleaning Tealcoffee Kitchen011et costs M[lIaneOuS 2,877 6,702 2,635 76 3,675 299 323 23 2,877 6,702 2.635 76 3,675 299 323 23 1,497 2,347 2,500 72 2,958 215 39 Total ¢hurch runnlng costs 16,610 16,610 9,628
CHRIST CHURCH UNITED REFORMED CHURCH, RAYLEIGH Page11 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 . NOTES - ¢ontinu•d This Year 2023 Totsl £ Last Year 2022 Total £ Furyts £ Furttts £ Furth £ 16 ADMINISTRATION COSTS StationerylPostsge Offertory Envelopes Photowpier Websrte Broadband Miscellaneous 49 81 2.141 49 81 2,141 454 326 10 1.902 340 113 Tolal Admlnlstratlon Costs 3,051 3,051 17 MIN18TER'S EXPENSES Fixed Car Allowance Telephone Travèl costs Spring School Book Allowance Other 1,374 191 763 299 105 373 276 872 2QK) 105 276 872 200 105 399 Total Mlnl*t•e• Expen• 3.217 3,217 3,105 18 MANSE COSTS Council Tax Watsr rat89 Insurance Telephone Maintenancé 2.487 443 572 2,388 526 511 335 443 572 348. 691 Total IAanM Cost• 4,542 4,542 4,627 19 BUILDINGS Maintenance- Buildings Boiler Servlco Fire Exts'nguishers et¢ Pest Control 305 204 281 293 305 283 2114 279 Bulldlngs 930 20 CHURCH ORGANISATIONS Coni)Jrd Ladles Club Badmlnton Club Music Group Fairtrad8 Balance blf Receipts Payments B8n¢8 clf 576.28 578.16 286.63 254.53 576.28 578.16 286.63 265.58 742.36 731.31 Total of Church Oryanlsatlons ' 1,69S.60 742A6 731.31 1,706.65 Price at 1Jan 2023 Value at 1Jan 2023 Pnce * 31 Dec 2023 Value at 31 Dec 2023 No of Unt 21 INVESTMENTS Chureh CCLA Fixed Interest Fund CGLA Ethical Investsnent Fund CCLA Global Equty Fur 10,728.33 13,051.92 9,233.06 115.78 273.67 24511 12,421.26 35,719.19 22,631.15 122.32 301.00 279.04 13,122.89 39,286.28 25.763.93 Total Invostmonts 70,771.60 78.173.10
CHRIST CHURCH. RAYLEIGH UNED REFORMED CHURCH Page 12 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES - contlnued 22 MONETARY ASSErs The chUh monEs are not held in segregated accounts, bul for the sake of this financ1 statement the total of each account B allocated appropriatety over the various funds. The Churth 0rganisab.ons have their (Min separ*8 bank accounts. All the investments dep¥)1 funds are hekl in the Church's name but allocated accordingly to the ¥anous funds. •• 23 ASSETS USED FOR CHURCH PURPOSES The chUh buildings 1$ vested in Eastern Syntrj Tntst as twstees aThJ is not a church asseL The premises are held for th6 benefft of Christ Church, Rayleigh United RefOrnl Church in accordance with the statutory trusts applicable lo URC properties under the URC . For insurance purwsos th& church buiklings are insured by the church for £ 4.476.148.