CATERHAM UNITED REFORMED CHURCH Treasurer's Report 2024 Sixteen months ago the Church Meeting agreed a small surplus budget so it is pleasing to present a surplus of nearly £12,000 for the year. As I shall explain, this was down to several favourable outcomes but it also includes some caveats. Income This has increased by £7,000 this year. l am glad to report that the many of the congregation has met the challenge of increasing their offerings as this is the main source of income (along with the associated Income Tax recovery). Also income from hiring outthe premises has increased so that the church itself and the wider community use our facilities so much. This has lead to additional costs as I shall explain but the net surplus of lettings receipts is substantial. Bank interest has also increased significantly this year as deposit account rates are higher than past years. At the bottom of the second page, I mention the Gift Day that raised nearly £7,000 on a one-off basis and was a tremendous result for the long term purchase of the chairs. Expenditure This has increased by £6,500 this year with some larger pluses and minuses: The church agreed a much reduced rate for the central Ministry and Mission Fund contribution of £7,500. This is in line with others in the SSK Pastorate. Gas costs was £3,900 up this year and the increased lettings increase this cost but last year the Synod contributed £5,000 towards higher costs so this was misleading. The insurance premium increased by £1,500 as cover was reassessed and general price rises should this be needed. ! Repairs and maintenance of a building this size does add up but we are lucky to have many small jobs done internally. The boilers and clock were higher than past years and the net £1,500 for the chairs were charged here. Increased use of the premises did lead to a decision to increase the cleaning contract to £1,500 per month. Balance Sheet and Reserves The net assets of the Church has increased by £32,000 which is far more than the General Fund. The first note to the accounts explains that there is £25,500 in the Restricted Manse Fund from net rental income. This is ringfenced for a specific use. There is also the Legacies Fund that has been informally ringfenced for large, special schemes and will be partly used for refreshing the front vestibule soon. The other substantial Building Fund is also there to provide some backup whilst the Organ Fund will need to be replenished after recent expenditure on repairs. In summary, the finances of the church are healthy and recovered from the reduction during pandemic times. However, the offerings are fragile with several long-retired members of the congregation contributing very generously so £10,000 plus could stop should their circumstances change. Please continue to assess your regular giving when you can and increase it if you feel able. Richard Wallis, Church Treasurer Page1of 4 CATERHAM UNITED REFORMED CHURCH BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 2022 Note CHURCH FUNDS: General Fund Balance at 1 January Surplus l (Deficit) for the year Unrealised gainlloss on Investment 60,271 11,765 293 72,329 49.888 11,058 -675 60,271 54,262 -2,326 49.888 Other Church Funds 132 496 117.858 Represented by: CASH AT BANK CAF Bank Ltd (Current and Deposit) Synod Deposit Account 58,434 50,271 41,037 155,191 122,459 110,155 INVESTMENTS 4,500 Shares in Access Intelligence 2,745 2.452 3,127 DEBTORS AND PREPAYMENTS 170,077 138,440 125,036 SUNDRY CREDITORS, ACCRUALS AND PROVISIONS -7.178 NET ASSETS 164 833 132496 117858 INDEPENDENT EXAMINER'S REPORTto the members ofcaterham United Reformed Church: I have examined the Balance Sheet and Accounts as set out on pages 1 3, together with the documents and statements submitted to me. My examination included a review of the accounting records kept by the Treasurer and a comparison of the accounts presented with those records. It also included consideration of any unusual items ordisclosures in the accounts, and seeking explanations concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. In connection viith my examination, no matter has come to my attention: which gives me reasonable cause to believe that In any material respect the Treasurer has not ensured that: proper accounting records are kept in accordance with section 130 of the Charities Act 2011. and accounts have been prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or 2. to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Date 33 GL 2¢ts- David R Ling, Chartered Accountant Page2of 4 CATERHAM UNITED REFORMED CHURCH INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024 2024-£ 2023-£ 2022-£ INCOME Offerings Donations Income tax recovery Premises lettings Bank interest Sundry income 48,645 7,753 13.839 44.431 5.235 475 45.841 8.637 12.233 42,427 3.154 965 46,119 9,815 11,781 34,201 836 675 TOTAL INCOME 120 378 113 257 103 427 EXPENDITURE Ministry Ministry and Mission less: Caterham School contribution Minister's Expenses Accommodation Outreach 37,381 46,824 46,824 -5,192 2.878 5,539 29 119 -374 388 874 244 Utilities Gas Electricity Telephone I Wi-Fi Water Insurance 11,058 2,616 1,122 438 7.185 2.446 964 721 7.436 12,395 2,084 865 400 Fabrlc Repairs and Maintenance Cleaning and Waste Disposal 12,383 8,860 9,754 Worship Costs Worship Costs (inc Pulpit Supply) Organists, and Pianists, Fees etc Music Purchases and Licenses Maintenance of instrurnents 2,224 2,475 502 3,951 2,565 316 2,682 2.485 247 3.193 Other Expenditure Printing, Copying and Stationery Sundries 1,922 1,638 775 1,659 527 TOTAL EXPENDITURE SURPLUS I (DEFICIT) FOR THE YEAR Carried forward in General Fund During the year, a Gift Day was held for 100 new chairs. £6,690 donations have been netted off against £8.154 expenditure (repairs and maintenance) the above summary. Page3of 4 CATERHAM UNITED REFORMED CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. OTHER CHURCH FUNDS Welfare Legacles Organ Building J Church Manse. Balance at 1 January 628 41,048 7,431 19.298 335 3.485 INCOME.. Donations l LegaGies Rental Income Transfer from General Fund 1,000 22,639 EXPENDITURE: Organ Work Manse upkeep 7,729 629 629 Balance at 31 December The Manse Fund is a Restricted Fund. If the monies are not required for future work on the manse they will be remitted to the Synod Manse Fund. 628 335 2024 2023 2022 2. DEBTORS AND PREPAYMENTS Income tax recoverable Premises lettÉngs Other amounts owed Prepayments 4.147 1,588 5.451 2,698 5,587 1,008 3. SUNDRY CREDITORS, ACCRUALS AND PROVISIONS Accrued expenditure Premlses lettings 3,704 4,813 6,048 4. OTHER COLLECTIONS During the year, collections for non-church activities and appeals have been made totalling £1,953. These days, with electronic banking, often donors pay direct to the charity and this giving does not go through the church's bank account. These figures do not include those donations. Caterham Food Bank Christian Aid COAT (Catetham Overseas Aid Trust) Commitment for Life 275 1,107 261 631 575 750 695 658 600 "Caterham United Refomied Church Charity, . Registered Charity Number 1132558 Page4of 4