REGISTERED CHARITY NUMBER; 1132754
REPORT OF THE TRUSTE&S AND
FINANCIAL STATEMENTS FOR THE YEAR ENDEI D 31 DECEMBER 2024
FOR
TRIJST PROPERTY ADMINtSTEIiED BY THE
MERSEY SYTrIOD OF UNITED REFORMED LHURCH
P B Syddall & Co
Chaitered Accoiintants
& Strtulory Auditors
Grafton House
81 Cliorley Old Road
Bolton
Lanc&8hire
BLI 3AJ

TRUST PROPERTY ADMINISTERED BY THE
MERSEY SYNOD OF UNITtI D REFORME, D CHiTrJ CH
COIYT£NTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Re(eren¢e Aiid Admilllstr%tive Detalls
Report of the Trustees
Statemei)t of Trustees, Re8pon8lbllltie%
io
Repovt of tlie Independent Audltors
I I to 13
Stateniellt of Flnaiicial Activities
14 to 15
Stwtement of FinanciAI Posltloii
16
Stalenient of Cash FIUAVS
17
Notes to tlie Statejnent of Cash Flows
18
Not￿ to the Fillanclal Statements
19 to 28
Detalled Statement of Financiil Activitics
29 10 30

TRUST PROPERTY ADMINISTERED BY THE
RSEY SYNOD OF UNITED REFORMED CHURCH
REfEI RF,IYCE AND ADMIJUSTRATIVE DETAILS
Tr'OR THE YEAR ENDED 31 DECEMllb;R 2024
TRUSTEKS
D Gartside (resigned 30.6.25)
K Wright {resi8ned 24.7.24)
N Mackcn7ie
Ms J A Cash (ttsigned 24.7.24)
C J Mangham
B Taylor
S Elliot (appointed 12.2.25)
H Klein (appoinfrd 12.2.25)
M Morris (Appointed 28.8.25)
PIUNCIPAL ADDRESS
l Fingall Road
Wavetsre
Liverpool
Mer8eyside
L15 9JE
REI GISTERED CHARITY
NUMBER
1132754
INDEPENDENT AUDITORS
P B Syddall & Co
Chaitered Accounl8nts
& Slatuloiy Auditors
Grafton Floiise
81 Clioi'ley Old Road
Bolton
Lancasliire
BLI 3AJ
BANKERS
Barclays Baiik
48- 50 Loi'd Streei
Liveiyool
L2 ITD
Page I

TRUST PROPEI RTY ADMINISTERED BY TH
MKRSE¢ Y SYNOD OF UNrrKD REFORMED CHURCH
REPORT OF THE TRLSTEES
FOR THE YE* AR Eh'DbD 31 DECEMBER 2024
Tlie tiuslces pi'esent tlieir i'eport witli Ilie financial stalcinents of tlie charity for tl)e year ended 31 December 2024. Tlie
'LlStees have adopted Ilie provisions of Accounting and Repoiting by c1￿11t1es'. Stateinei)t of Recoinniended Pi?clice
applicable to cliatities preparing tlieir accounts in accordaiice with tlie Financial Reporting Standard applicable iii Ilie
UK Aiid Republic of Irelaiid (FRS 102) (effectivc l Januaiy 2019).
The Syiiod was eslabli¥bed 8s p￿.1 of the fornjalion of the Utiitd Reforn)ed Cliurcli by tlie United Refwnied Acts of
1972 and 1981 Ilnd is tILe rcptLsenlative of tlle local cliutrhes wiihin Mersey Synod for tl)e puiy)se of dcaliiig with
iii&tlers of wider colleen).
Tlitougli its work the Synod is able lo provide pasioral. financial, educatiODal and technical support lo the local
congJ'egations, tlieir ministers, Elders and lay people in tl)eir life and mission.
The crileiia used lo help and support local churc1]￿ is a con)niittn¢nt to l(K)king for new oppoitunities for being ¢liurch
li) Ilie Mersey l'egion, a comiiiitinenl lo caring p&8lornlly for its local chuithes, mini8tei¥ Imd staff, a coiiiniilinent lo 11)e
pl.op￿. c￿'e and athiiii)istration of ils resowres. a Con￿li11ncnl to addressing issues of justice aiid peace and a
¢omrnitnient to reviewing, on a irgular basis, its life and mission.
OBJEI cfivES AND ACTIVITIES
Objectlves aiid pollcies
In coniiT)on with tlie otlier I'cgional Synods of tlie Unil¢d Refomied Churcli. the Mersey Syiiod is pi-iinai'ily concerned
witli Ilie niaii1ten￿ice and Inissioii of Ilie local churches falling within its provinci81 area.
Tlie $yiiod is a registered cliaiity nuiiiber 1132754 and supports die WO￿ of 73 cl?urclK8 and 2,237 IiieinbuE wiiliin tl)e
￿e1￿Y it8ion.
Its objectiv¢ is to advaiice Ilie Chtisli8n religion in 8ccoithn¢e widi the docttine aiid principles of the United Refoiiiied
Cliui'¢li.
Tliis includes intei. alia, ili¢ acquisition of new chuirli piwities aiid disposal of itduiidant piDperties, (lie calling and
training of ordained niini8lers and of lay leaders and developing ecunietii¢al relationships with odier Chrisliall ehurclies.
Tlie Mersey Synod also acts as an agent to organise tlle collection of Ioc81 cliurcli asK￿MentS wliich ale paid to tlie
Genei'al Assembly Otlices of tlie United Refonned Churcli ii) tlie United Kingdom iii London,
Cliui'clies Aild Manse propei'ties
Tlie cliarity is asgocialed willi Ui)ited Refomled Cliurch (Mersey Provincc) Trust Liiiiited (Tlie). an incoiyorated c11￿'1ty
tl]at 18 IEsponsiblc fur managing propcty of which it has charge over, eiwiing Iliat it is used foi. tlie advanceiiient of tlic
Chi-islian religion.
Tlie Ti'ust is tnistee of the preniises and manso8 of the local churclies in Ilie Synod and the proceeds of sale tl)ei'eof.
The Trtist doe5 not own die pi'opertics beneficially and tlierefore tbey do not foini part of its coiyoi?te propeity.
Pi'occeds from the sale of any properties are ultimately tbose of the rqx)rting charity, as are the purchase costs ot aiiy
pIDperty acqusitioiis.
Tlie irlatioiiship between t1￿ Synod and the Trnst in ttlalion lo cliurch properties and manses is delailed in Ilie secoiid
schedule to the URC Act1972 &s amended by the URC Act 1981 and 2000..
Public beiiefjt
T]ie Iliislees have referred lo the genw'al guidance issued by thc Cl)arity Coi]lliiission on public beiiefit wlien considei'ii
the deliveiy of actiVlti¢s in fiutherance of the aims and objecliv&s.
Page 2

TRUST PROPERTY JU)MINISTERED BY THE
MERSEY SYNOD OF UNITED RKFORMED CHLIiCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEI INIBER 21J24
OB.IEI Criv￿S AND ACTIVITIE+ S
Social investiiients
A social investtneiit is one made in pait to further the ch￿'Itable purp(Kses of the investing chaiity and in pait to generate
a financi&l return.
Tlie value of social investinents as at 31 Decembei. 2024 was £NIL (2023 £NtL).
Gi'&iitiiixl<lng policy xild pi'ocedures
Gi'ant api)lications al'e illvited fiY)m URC churches and other atSLialed URC bodies within the catcknnent of th¢ ￿￿￿eY
Syiiod,
Applications foi- assistance willi projccts lo iipgrade property ali assessed for valuc and feasibility by the Synod
Pi'oi)ety Maiiagei. and the Synod Resourceg Coi))Iiiittce who i'eceive advice ftY)in oil)ei' expei'ls sucli as sui'veyoi's and
airliitccts, Tlie Synod Pastoi'al Suppijrt Coinmittec reviews applications to ensure t1￿1 gi'ants meet tlie objectives aiid
i)iissioii of the URC.
Specialist applications, including initiatives to siipport Mission, are nonnally ￿VIewed by tllg Synod Mission &
Disciplesl)ip Coiiitniltee.
Tlie Synod Pastornl Suppoi'l Con)mitiee andlor Synod Missioii & Dis¢Aple8liip Coiiimittees i'ecoinii)eiid eilller
acccptance oi, i'¢j¢¢lion of ￿'ant applications to tlie Synod Resouire5 Coniii)Lttec.
Page 3

TRUST PROPERTY ADMINISTERED BY THE
MKRSEY SYNOD OF UNITED REFORMED CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEI VEMEI NTS AND PERFORMANCE
Clipritllble Actlvities
Tlie Synod recoixled a deficit fiyjni its Cl￿ritable activities of£572.329 ITA tl)e year ended 31 Deceinber 2024. Tiiere was
an incirase in geiieral operaliiig income of £208,950.
Th￿'e was an inci'ease tn the book value of Investille￿ts at the year end of £446,768 and overall a nel it)crease in Ilie total
fiwds of £186,515.
Propei'ty Mission aDd Weif*re
Dw'iiig the yeai. the Synod piDvided grants foi. maintenance and ill)piDvements lo manses of £102,549 (£2023: £81,739)
and foi. inipi'ovements aThd development of cliurches £143.581 (2023.. £11,422). Grnnls for Mission, F.cuii)enical
Acllvity. OutsEacl). Evangelisni and Wel[￿'C totalled £135,851 (2023.. £81,230).
Pensioiis And InteJ'.Synod Resoui'ee Shai'lng
In 20?A no contt-ibiitions were Inadc to the Ministos Pension ￿rtd or tIK IDler-Synod Resouitcs Sharing Pool.
Pi'opei'ty
In 2024 one ll)anse purcliased and one manse willi a nel value of £418,391 was sold.
Net i'eiital iiicoilie from propety temporarily not in use for pu4xJses getterated £50,538 iii tlie ye8r (2023..
£67,956),
The deiiosit lowonls tlie sale of one ehurdi with a value ot £3,900 was also receiveAI.
Expenditwe of £20,888 (2023., £9,642) w18 incurred on Ilie continuiiig prograiiiy￿e of surveys of all the piopety in the
Synod eV￿Y seven y¢ai's to provide gLiidancc to tlie Synod and cliiii'clies on th¢ action iwuii'ed to i'eniedy any concerns
tl)at al'e Iiigliligliled about Ilie fabric of tli¢ buildings. £6,150 was conli'ibuled by tlie local Chui'clies lowai'ds Iliis Scheme.
Ti'alnlng
Ti'aining ¢osls and gi'ants in 2024 were £60,528 (2023: £64,736).
Tlaining foi. IninisteiE aftd lay staff coi)tii)ued to be held, Tlus includcd two Mii)isl¢i3 Away Days aiid oiie Residential
Spi'ii)g Scl)ool in collaboratioii witli Noi'tlieni and Noilliwestcn) Syiiods. We pi'ovided Aclivc Lislening aiined at
Pastoi'al Visiting Tea11￿ and Elders, opeii access sessions for Men¢81 Healili Fi￿l Aid botl) online ￿)d a day iii-pei'son
and Inli'odiiclioii to G￿lY Play. The year culmiiiated willi Walk Throiigl) Tile Bible.
Tliat are ￿in'entlY Ihtte Students in Iraining as A8sei)Ibly Aecreditcd Lay Preacheis and one sttidying to beconic a
noii-stipendi4ry Minister of Wol'd and Sacrain¢iil.
Clilldi'en's Youtli Activity
Expenditure on Cliildi'en's And Youth Aelivity in 2024 was £57,588 (2023: £54,883).
Olir Cl)ildi'eii's and Yoiith Dcvelopinent Officer (CYDO) has contlliued to seiid oiit a weekly mailing lo all childitn and
youtb conlucts in tlie cliurelies witl) I'esoui'ce idea8, training op￿r￿nItieS aiid other news.
He is ciityently woi'king with two cliurclics who would like io einplay a paid cl)ildrcn's or youd) woi*ei', lielping theni
think tlll'ough a visioii for the work. One of these will now be advertising before East￿..
As pait of tl)e Five Nortlierly Synods, we liave run online training to support parcnts share their faith witli Ilieii. cliildr¢n.
We Imve also supplcmented this with olber one off ts7ining sc&sions on a vaiiety of topics. The CYDO has continiied to
deliver the 2 Day Youlli Menthl Heallli First Aid course botli in person and online &id we are nJi)nin£ Ihe Youtliscape
Esseiitiais cowse whickL is a 10-week course foi. youth workers covering a wide V￿lety of topics..
A Sn￿1[ ￿￿lip of 16_24 year olds from aciDss the Synod been establisli￿ &id tliey have niet a few tim£s to get to
know each oiha. and reflecl on how tliey can woi'k logether across tl)e Synod.
Page 4

TRuKf PROPERTY ADMINISTERED BY THE
ERSEY SYNOD OF UNITED REFORME,D CHLRCH
REPORT OF THE TRUSTEEI S
FOR THE YEAR ENDED 31 DF.ClI NIBER 2024
ML$slon, Outre&ch cuniellical Aetlvlty
In 2024 Ilie Syllod piDvided Mission Grai)ts of £104.561 {2023: £50,978), including coiitinuing suppoi'¢ of Bircliwood
Special Category Misgion, lo churches in the Synod to allow them to continue to p￿Eue initiatives wilh youib alld
faniilies.
The aiiii of tliis progran]mc is to help chuiclies to launcli initiatives which it is li0￿d will becoiiic
self-siislainable long-term. Suppoi't for outrea￿ and Evangelism tolalled £13,533 (2023.. £12,073).
MissioIial Dlsoipleship Enabler {MDE)
Once again, we lield our Leading Youi. Chui'ch into Gi'ovAh (LYCiG) eonfei'ence wlii¢h took place at The Hayes at
Swanwick willi 70 delegates and a lioine-grown leadersliip teani. 10 deleEal¢S fi'oi)) MeiBey Syiiod attended Ilie
coiifeitnce. Feedback from the 3 days was iJ)spiriiig with those attending coiiJneiiling oil liow mucli il Iwd helped them
and given them pi'actical ideas to help them start the p]M)cess of tuming tlieir iliouglits from decline to growtli.
Tlie MDE worked with cliurches in Soiiih LiveryN)ol and on the Isle of Man delivering LYCIG Local, whicli lielps enibed
soiiie of that wliich has been leat)ied inlo the widei. life of the churcll. Already for this coiiung year 8110ther iwo diw'ches
liave expressed an interest to einbark upon tllis.
This is a great oppoittmity for the MDE lo work closcly witli our local cliiurlies and encoiu?ge t]iem as they seek to live
out Ilie call lo be Cl)rislian8 in tliat place.
Tiiose cliurclics Ihat liavc completed il so far have said how tlicir Inenibers have grown in Confidence and found diffei'¢nl
ways lo shal'e tlieii. faith.
Tlie Syiiod Ilieine of Talking Faitli lias now ended, aild oui. new tlienie Living Faidi is just al)out to be laun¢lied, In June
of 2025 tlie MDE is h¢lping lo plan and deliver an event based around Iliis.
As part of tlic Living Failli tSieii)e die MDE will coiilinue to explo￿ partt)eiEhips with oiliei. oi'gaiiisalioiis to Iielp
cliui'clics considei. disciple81iip. We hope lo build ui)on a r¢laliot)ship willi LICC aiid witl) We are Making Disciples
froiii wlioni the keynote speaker foi. oui event in June is coniing.
The MDE COlilii)ues lo woi'k with several churches 01) a oiie-to-one basis ACI'OSS die Synod, This woi'k is also fantastic as
chiiirlies rise to tlie cl)allertge of wod(ing out liow to iinpact Ilicir coininiinities widi tlle Gospel niessage,
Bireliwood SpeelAI Categoiy iiiinlstry
Tlie Special Categoiy Miiiistei. (SCM) Ilas contiiiued lo engage local people in Ili¢ I￿al Costa Coffee, and at Toinii)y's
Tols ('fiiomas Rislcy Cliurch) and tl)ioiigl) various oth¢i' aGtiviti&s now oiitlineAI'.
Muddy Church . AN ecumenical outdoor eXp￿SSion of church which has taken ploc¢ in the local piiiiiaiy schools at
Haivest, Cliristinas and E&stei'.
- Messy Cliurch . 'n)e SCM Iielped to lead a Sunmier Church morning at Thontss Risley Churcli.
Woi'k with local primary scliools ljas conlinued as has supporting Ilie Yoiitli Foi. Clii'ist workei. aiid also taking oil tlie
role of goveinor at the High Sch¢x)l. There has ixen opp0ttt￿Ity to wo1* closely with the local pi'imary schools by
providing l)ot eliocolate on bonfire niglit and being invited to lead RS lessons, attend tlieiL' events and fairs.
As parl of Bii'cliwood Cliui'cbes Together, Ilie Bircliwood Minisler lias led Mcn's Breakfasts. Iiad a stall at Biirbwood
c￿.￿1vaL and led Carol singittg at tlie sliopping Centtt and blisin￿ park cafe. Tlieit have also been oppoitunilies to l)elp
pIDvide Clwlsttiias liainpers and toys throug]) the local scl)ools lo vulnerable fainilies.
Tlie SCM liad a Noii Siipeiidiary Minister INSM) ordinaiid oil placeinent loi. die academic year.
Mucli OF the work is relational and it lakes time to biiild these relationsliip8.
- The SCM 118s a150 suppoi*¢d the Synod aiid wida. URC in attendillg nKetUi85 focu&sing on mission and pioiieering,
He has coii)pleted an MA at Cliff ColleEC in Pioneei'ing and F￿sli ExpiEssiot]s and graduated in Noveinber.
Tlie SCM h&s pitaclied al local URCS and at Bircliwood Coirnnunity Churcli.
The SCM has ￿gi1[arlY met with liis line n￿nager and steciing ￿￿Up.
Tlie SCM was oil Sabbatical for February, Marcli and April.
Page 5

TRUST PROP￿1 RTY ADMINISTERED BY THE
MKRSEY SYNOD OF UMTED REFORMED CHURCH
REPORT OF THE TRLfsTF,F.S
FOR THE YII AR ENDED.11 DECEMBER 2024
Pastoral Suppoi't Cornmittee
Tlie woA( of Ilie Pastoial Siipport Conjniiltee (PSC) 18 to piDvide supwirt for all tbe ehuirlies aJ]d niinisters withTn the
Syiiod. Expenditure on tl)e pi'ovision of pasloi'al support
including tbe TLansitional Minister and Safegudl'ding was
£36,823 itl 2024 {2023 - £16.966).
The ordained Pastoral Officer for Liverpool and as tlie comn)ittec's convenor, continued to be active oil tlie Synod's
Pastoi'al Suppoit CoiTunittee IhL'oughout 2024. Specific activities involved in this role have been..
Meeliiig willi die Warriiigton chui'ches - the first was in Jai)uary following the reconfiguration of Ilic paslorate alld the
qecoijd was in Deceinbei. wliicl) was to see liow tlie pastoi*le was doing a yeai. later.
As ConVet￿r she atteiid Synod Executive aiid P￿liCIpale wliere able. Duriiig the year 11)e tei'nts of reference foi. synod
cominillee8, incliiding PSC, wei'e updated.
Slie pailicipated iti the review of a Noii Stipendiary Minister INSM), attending the meeting willi tlie Iiiinister and
aDoiliei' Pastoi'al Officer. She was unable to allend the nieetin8 willi th¢ church duc to ill l)ealtli. In Jimc PSC held a
liiiicl) foi. cu￿ent and r¢c¢ntly retired Inleriii) Moderators and l attended botli as eonveiior of the coininittee and &8 an
itei'im Modciatoi., This tiiiie of f¢llowsliip appircialed by those who attended.
As ¢oiivenor slie pai'licipalcd iii ii?eetings of the Large Project Panel (LPP) looking at pi'ojects at Sl David's, Seaconibe
aiid Lynllli. Slie allended 5 1))eetings in total bul was also involved in discussioi)s around Ilie LPP process.
Atteiidiiig a meeliIig with Ilie Elderb fiDn) Wilmslow, Maeclesfield aiid Bollinglon and Lyniin URCS lo disciiss th¢
possibilities of a futu￿ i)a8torate.
Sli¢ began 2024 as Inlerin) i)iodei7lor At Hiiyton ￿lt relired fmm that role eai'ly in tlie year.
Tlii'ouglioiil 2024 .slie provided piilpil supply on10 Sundays iii a lolal of 8 congregaiions.
Pg8lui'#l Offlcei. fui. the Livei'pool Arenlsyllod dli'ected Mlni%lJ'y IPOISDM)
As pai'l of tliis rolc and lier dcployinent lo tlie Syn(xl 25 /0 of l)ci' tiine is dedicated lo being the paslot21 officei. foi. tli¢
Liveiyool Ai'ea and 25 % of lier liine is dedicated lo Synod directed i)iii)i8liy. Tlie aciivilies Ilial I￿ve beeii undei'laken
for each of Ilicse i￿leS is detailed below.
Iii liei. role as Knterim Moderator al Highfield URC and Higliei. Bebbingloii Road URC until the iiiduclioii of new
iiiinislei., Rev'd Rulli Wilson, al tl)c end of January. Slie led ilie Induclioii seivicc iii ¢liat IY)le 011 2811) Jaiiuaiy at
I-lighfield URC. Much of tlie work in January w&8 wol'king with Ihe ModerntOL, Ruth and the coiigi'egatiOLI on the
induction service and agi'eeing tlle teiins of settIemenl.
Most of lier time in 2024 was focused on being Inteiim Moderator lo both cOn￿rgationS on the Isle of Man, This lias
iiivolved..
Suppoi'liiig Ilie congi'egalioii in Iheir appllealion for an Ecunienical Post wliicli was submilled on tlie 20tl) De￿Inber
and has been a￿'eed by Chui'ch House.
Meeting with leaders of oilier denoniinalions to gather suppoit for the alM)ve post including attending Cbiirclies Alive
in Mann iTAeeting in Noveniber.
Leading worsliip on tliiee weekend, twice in Douglas and once at R3nis¢y.
- Helping tlie congllEgation in Dou81&s with Ilieir TT teas.
SAfeguai'ding (SO)
S#feguardiiig foi. tlie Syjiod
Tlie Syiiod has a pai't time Synod Safeguarding O￿lcer, Julie Rafferty, who is a dedic&ted resoui'ce J￿￿t for Meisey
Synod woi*ing l 8.5hi3 per week.
Julie works closely witll ministws, church safc8u&rding coordinatoiB, cknurch elders and otlier key meinbers of Ilie synod
to ensure that 5afeguai.ding procedures are imbedded in diurch life, witb a view lo iit]proviiig the safeguardit)g culture
ov￿.all.
Page 6

TRUST PROPERTY ADMtNISTERED BY THE
MERSEY SYNOD OF UNJTED REFORMED CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Safeguai'ding Traliilng
In accoi'daiice willi the URC Trnining fi?ii)ewoik, tlic focus 1)as been lo ensiwe tl]at people in cliurches can access die
l-ight level of n]￿ld&tO1Y training effectively:
- Foundatioi) trainiiiE is available &s an e-Leaming package via tiie URC training hub.
Inleiii)ediate tt'aining is delivered face-to-face in d)Iii'chcs
Advaiiced safeguarding traiiiing is delivered online to a nuii)ber of people in leadership.
Face t() facc Intermediate tt?ining (31irs), is cunrntly being deliveird in each area of Ilie Synod.
Modul¢s l aiid 2 foi. Advanced Safeguarding tr4illiog (21vs eacli modiile) is being Jointly delivei'cd witli 11)e Noi'th
Western Synod Safeguarding Officer, tliese Kssions are delivered via Microsoft Teanis alld will lake place in Api'il aiid
May 2025.
Cliuirli s8(egL￿1y1ing Cooi'dinatoi. tt'aining is accessed via the URC ts'atniiig hiib as an et£arning package aiid helps to
iinprov¢ awai'encss ond skills foi. this k6y cliurch rolc.
od Piyc
ice6
Good Pi'aclice 6 - Safeguarding foi. Everyone is Ilie safeguaiyling poli¢y aiid guidance for the URC. Mersey Syiiod
have I'evised tlieir safegliarding policy wl)ich is now publislicd on tlie Meisey Synod websile togctl)ei' widi otlier
safeguavdii)g i'esources foi. syiiod and cliurcl)es.
SofeguAI'ding Referetlce Cj'oup
Tliis gi'oiip is a sub-coininittce of the MeiEey Synod Execiitive Cominittee And will rcpLlrt to tlie Synod Executive at least
once a yetir and to Ilie bi-aiiiiual Synod Ineetings. Tile purpose of Il)e group is lo..
focu5 on safeguai'ding woi'k witli cliildren and adults by supporting tl)e Syiiod Safeguai'diiig o￿lee1., pionioiing
?ining PiDgi?ninies and iiionitoi'iiig Ilie needs of local cliurches.
lo acl as a coi)fidenlial I'eference body for Il)c delivery of safeguai'diiig aLIDSS tlic Syn(Ml.
- niaintaiii &n overview of safeguarding conipliance for the Synod.
Otliei. Iiey $Afcgu41'dlllg Aetlvltles
Iii addition to Mersey Syn¢)d i'cspoiisibilitiu, Julie lias been w0￿1ng witli Cl)uYcli Housc and olhei. Synod s&ff, Slie l)as
beeii involved tn tlie Ti'aining Review group, Ihe Safeguai'ding Coiiiniittee and allei)ds sevei'al Synod Safeguarding
Pi'acti¢c GroLiP mcetings on an anniial ba8Rs, most of wliicli hfivc been on zooin, aldlougli soine are face to fgc¢ either in
London or oilier locations,
rilNANCIAL REVIEW
liiv*xtJnei)t perform&nce
Tl)¢ Synod's xi)vestsiieiit portfolio is ii)ainlained under the guidance of Ratiiboiies (fonnerly Investec Manag￿nent) and
funds wei'e also invuted in CCLA Ethical Investment Fund. A good ts'ading year oil the stockn1￿.ke1 resultcd in gains on
oui. poitfolio of £247,510 in Ihe year. TIK Synods ￿r￿oI10 was valued at £6,949,902 at the end of 2024, (2023..
£6,839,134).
Tlie SyniKI had additionally opened an easy access Account witl) Epwoiths, the curi'eiit balance on Iljis account i
£336,000.
The ciimiilative unrealised gain at tlie cnd of 2024 was £1 10.768 (2023.. £296,311).
Intei'est and dividend income gcneraled fiY)m Synod's investmellts, bank balances and loans amoliiited to £244,075
2024 (2023: £218,732).
Page 7

TRU￿ PROPERTY ADIWNISTERED BY THE
MEI RSEY SYNOD OF UNrrED REFORMED CHURCH
REPORT OF THE TRUSTEES
FOR THE Y£AR ENDED 31 DF.CTr;MBEI R 2024
FINANCIAL REVILI W
Illvestnient poliey and objeetlves
The Synod itivesttiienls ar¢ staled at a fair value 8t the balance sheet date.
Inveslnient Objectiv￿
lo ii)aintaiii adcqLlk)le liquidity
lo muintain the secui'ity of Ibe inveslmcnts
to miiiiniise capital loss
to inainlain a Iiiixed portfolio wliilsl providing a bala￿¢ belween income and growdi
to adhci'e lo any inveslineiil i'ests'iclioA)s as defu)ed fi'om time to time by the Geiiei'al Asseiiibly of the United Refottiied
Chureli inclLiding Inv￿ting in companies involved in weapons. pomography, alcoliol production, die provision of
g￿1]bling facilities, and fossil fuels.
Tlie Synod itivcstnient portfolio is nianaged by Rathbones, fonnerly Inveslec, fiDin wlion) advice is sou8hi wlieii
necessary, tog¢tlier willi regiilar meetings and updates.
In addition fiinds al'e also invcstcd in tli¢ Ethical Flind n)anaged by CCLA.
Tlie pei'fonnance of tile llivestments and tlie ii)vesbnenl n)anagers is monitored by refeirncc to appiopi'iate benclllnHI'k
i'eturns.
Uni'e8ti'lctLd fund
The uillrsli'icled fuiids available lo die Synod witl) no i'esh'ictioiis oil how Iliey cali be applied ale used ￿ suppoit tlie
cliai'ilable aclivilies of the Syi)od at tl)e discirtioi) of Ilie tm&kes wlio set a budgel foi- expeilditure eacli yeai. lu conti'ol
i'oulllie expenditUL'e, and con8idei3 and agi'ees wly exceptional expenditure at Iheii. regul￿. Ineetiiigs,
DeslRnRted Aiid Re511'lcted funds
Designated and i'csli'iLied income fiiiids are those wljose use is attributable lo specific pilipos￿ according lo Ihe lei)Iis on
Mihich the funds were given
Tlie funds are ',
nated
Cliui-cli Extension aiid Developinent Fund
Pei)sion Suppoi'l Fund
Mission Grdnts Flind
Redundancy Resei've Fund
Weltai'e Furtd
Resti-icled
Alternative Ministries Fund
Manse Sclieine Fiind
STRUCTURE, GOVERNANCE AND MANACEMENT
Govei'ning docunieiit
Tlie cliai'ity 1.% coiili'olled by 118 governing docun)cni, a deed of trnst and constitut&% an unincorpo￿ted d￿L'lty.
Constitution, ttbjectives and policies
TIK Unilcd Refomied Chuirli was constituted by the United Refonned Cliuitli Act 1972.
Oi'gaiiisational structure
Tl)e Mersey Syiiod of tlle United Refom]ed Churcli is one of Severnl regional and national Syn(Kls wliid) ¢onsliMle tlie
United Refoi'med Churcli.
The chai'ity Ilustees air the rne￿berS of the Synod Resources Cominittee who have ove1?11 rcsponsibility for Ilie
deployineiil of fiiiancial aThd other material resourc&s to Ineei tlie objeclives of tl)e Synod,
Tlie CLlI'rent meinbers of tl)e Resoiiires Committee listed below as tlie tmstees of thc cliayity.
Pagc 8

TRUST PROPEI RTY ADIUNISTERED BY THE
IVIERSEY SYNOD OF UNITED REFORMED CHURCH
REPORT OF THE TRUSTEES
OR THE YEAR ENDED 31 DEcEMB￿R 2024
STRUCTURE, GOVERNANCE AfqD MANAGnMENT
Related pxitles
i the opijjion of the (njsteeg, individual United Refomied Churches and Ministrias a￿ not considered to be related
p￿'tieS os the cliarity's relationship wilh tliem is one of adminislixtion and giving advice i'athei. Ilian exei'cising illlluence.
Ris1< mattilgement
Tlie management of the ftnancial and operational risks ol the Mew Synod is delegated to the men}b￿3 of tbe
Resouires Coinmittee who act as thc Syn(Ml's tnislees.
Tlie hustees have a duty to idcntify and ￿vieW tlie iisks lo whieh U]e charity is exposed and to enswE appTopiillts
conts'ols in place to pi'ovide reasonable a&swaiice against fraud and eii'or.
A ￿11 update of Ilje Risk Register is catried out ￿gUlarlY.
The coinmittee reviews its policies and pnjcedw'es re8ularly an(L following the adoption of a new policy to Safeguaid
against money laundering) it 15 satisfied that sufficient me&sure8 in place to mitigate the signifi¢8nt 115k8 to which Ibe
Synod could bc ¢xposed.
MINISTERS PENSION FUND
In 2021 the Synod agired lo niake a contribution of £1,050,000 to the United Reforllled Church's MinisteiE' Pension
Scheme, along with the otlier United Refonned Chillrh Synods in anticipation of an estimated deficit of soine
£23,000,000 at the next actu￿.1a1 valuation.
In 2022 £730,000 was paid on account of tliis coinmitment with a fuither £320,000 to be paid over tlie next eiglit years.
During the cunlnt year it was delenniijed sufficient contributio1￿ I￿ bexn n￿de to ¢ovei tlie deficil tlierefore the
provision lias beei
reversed.
Approved by
oard of (r￿stee5 on 17 September 2025 and signed ots its behalf by,.
M Moi'iis- Trustee
Page 9

TRUST PROPERTY ADMIMSTERED BY TH
MERSEY SYNOD OF UNITED REFORMED CHURCH
STATEI MENf OF TRUSTEES, RFSPONSIBILITIES
FOR THE AR EP4DED 31 DECEMllb:R 2024
The tru&lces atE Irsponsible for preparing the Report of the Tnwttts and die financial statcments in accordance witli
applicable law and United Kingdom Accounting StsThlards (United Kingdoiil Genei'auy Accepted Accounting P¥aclice).
Tlie law applic&ble to cliwitiu in England and Wales, the Cllarities Ael 2011, Cliarity (Accoiiilts and Rq)orts)
Re￿lIatiO1￿ 2008 and tlic ￿￿ViSIo1￿ of the tsijst deed requu'cs Ihe twsle¢s to Plfpfu'e fiiiaiicial s'tateineiits foi. eacli
f￿￿11¢la1 yeay whicli give a Ii'ue and fair view of tlie slaie of affaiib of ilie cl)arity aiid of Ilic incoining i'esoui'ces ai)d
application of i.esourc￿, includlng the illCOii)e and ex￿ndIture, of Ilie Ch￿]ty for Iliat peikod. 111 pirparing those
fiiiancial slateinenls, Ilie trustees are requtiEd lo
select suitable accounting policies and then apply tli¢in consistently,
observe tlie i))etlii)ds and principles in t]ie Cliarity SORP.
iiiak¢ jiidgeiiients And estiniales Ilial irasonable and p￿￿ellE
stale wlicihei. applicable 4ecouiiling standards have been followed, subject to aiiy material deparlures disclosed and
expllliiied in Ilie fill￿1ClaI statements.
prepair Ihe financial stalernenls on the going concem basis wiles8 it is inappn)piiale to piysuiiie Ilydt tlie cliai'ily will
coiilinue in business.
Tlie trustees are iEsponsible for keeping proper accounting re￿i￿S which diselosc widi Irasonable accurncy at aiiy tiiiie
tlie financial position of tl)e cliarity and to enablc them lo cnsuir that Ilie financiol &tst¢menls coniply with the Cl)arities
Acl 2011, tlie aiai'ity (Ac¢ounls and Report.8) Regulations 2008 aiid Ilie provisions of the In￿1 deed. Tl)ey al'e al80
i'espoiisible foi. s(ifeguardiiig tlie assets of tlie ch&ily aiid liellc¢ for tskÉng irasoiLible steps foi- tEie preveiiiioii ￿}d
deleclioii of fraud and otliei. irregiilarilies.
Page 10

REPORT OF THE tNDEPKNDENf AUDITORS TO THE TRUSTEfs OF
TRUST PROPERTY IIDMINISTERED BY THE
MERSEY SYNOD OF UNrrED REFORMED CHURCH
Opinio
We have audited die f￿￿￿CIal Stat￿￿ents of Tn￿t Property AdmIn￿t￿.Cd by tbe Me1￿Y Synod of United Refoiiiied
Cliui'cli (tlie 'cbaiity') for tlic year ended 31 Deceniber 2024 wliich coinprise the Stateinent of Financial Activit1&8, tlie
Staleiiienl of Finai)cial Position, Ilie Slalemenl of Casli Flows and notes to tlie financial slatenients, iiicluding a SULwnaiy
of ssgniticant accounting policies, The fu]ancial i'epoiting fi7mcwoi'k that lias been applied in Ilieii. pirpai'ation is
applicable law and Uiiited Kiiigdom Accouiiling Standaith Iullited Kiiigdoiii Generdlly Accepted Accouiitkng Practice).
In OUT OPl21iOI) the financial stateinenls:
give a t￿e fair view of tlic stale of the chwity's a(fairs as at 31 DeCe￿b￿. 2024 and of irs incomiiig i'&%'oui'ces aod
application of resouwes, for Ilie yeai. tl)en ende(L'
have been piopei'ly prepai'ed in accoiylance with Untled Kingdoni Gei)ei7lly Accepted Accounting Piactice. and
llave been piipared in accordance witii Ihe i'cquirements of the Chaiities Act 2011.
Basls for opiiilon
We eoi)ducted our audit ii) accoi'dance with Tnlemalional Standards on Auditing (UK) {ISAs (tJK)) and applicable law,
Our J'espongibilities iindci- tliose standards Vére fiirtl)er desci'ibed in th¢ AuditotE' I'esponsibililies foi. Il)e aiidit of tl)e
financial slalenients section of our report. We are 1Thdepend￿t of Ilie C1)￿7ty in accordaiice witli tli¢ etliic&l r4uiieineiiL8
tliat are I'clevaiit to our audit of tlie fLllallcial stateniciits in ihe UK, Èncluding Ili¢ FRC'S Etl)ical Sidtidord, aiid wc Ivdve
fuifillcd our oihei. eiliical i'csponsibilities in acconlance witl) these requircinents. We belicvc il)al t]ie audit cvideiice we
liave obtained is sulyicienl aiid ¢ipproprial¢ lo pi'ovide a basis for oui. opinioii.
Coiiclusloiis i'elatliig lo gniiig coi)cern
In aiidilii)g Ilie financial slaieiiien15, WL Iiave conclud¢d that Ilie tn￿le¢s, use of the going coiiceni basis of accouiitiiig iii
tlie pi'eplu'alion of Ilie fii)aticial slalenients is appiDpriate.
Ba8ed oil tlie work we I￿ve pei'foniied, we liave not identified any inRtei'ial uncertaiiilies relating to eveiits or condilioi)s
Iliat, individiially oi. collectivcly, may cast significant doubt on tlie cliarity's 8bilily to continiie as a going conceim foi. a
pei'iod of at least twelve Iiioiiilis froiii wlien the finAJ)eial slalen)eiits are auiliorised foi. issue.
Oui. responsibilities and tlie i.e8pon8ibilities of tlie tswstees with respect to going concei'n are described iii tlie relevaiit
sections of Iliis I'eport.
Otlici, liitoi'niRIioii
Tlie tiuslecs al'e responsible for Ilie otlier infonnotion. The odier inforniatiort eoinprises Llie inforination included in Il)e
Annual Repoi'l, otliei. Iliwi tlie fu]ancial siateinenls and our Report of tl)e Ijidependeiit Audil01s dieieoii.
Oui. opinioii oli tlie financial slalenlents does not cover Ilie otl)a' inforiiialion and, except to tbe extent otherwise
explicitly slated in our t'cpoi'l, we do not express any form of &ssuran¢e conclusion IlieAEOn.
In coniiedion willi our audit of the fiiMnciJl 8tRtemcnt4 our ￿SponSIbl11ty is to read tlie oiha. infoiination And, in doing
80, coiisider wlietlier tlie otlier iiiforiiialion is inaterially inconsistent witli tlie finaiicial slaleinents or our l(nowledge
obtained in Ilie audit oi. othLnYise appeal% to be iijaterially iiiisslaled. If we ld￿1¢1fy sucli iiialcrial incon5i5teiicies or
apparent nialei'ial Inissiatcinenls, we ait requii'ed to delennine wlieihci. this gives rise to a iiialerial iiiisstateinenl in Ilie
financial st&temenls thentselves. If, based oil the work we have perfoi'ine(L we conclude Ibat thei'e is a niaterial
niisslatenient of ¢liis othei. infoiynatiory we are required to ￿port that fact. We I￿vE notliing lo report in Il)is iEgard.
Matters on wlileli we are required to t'eport by exception
We l)ave iioihiiig to report in respect of the following n)atters where tlie Charities (Accounts and Ileports) Regulatioiis
2008 itqiiires lis to i'¢p(Iit lo yoii if, in oiir opinion:
tlie iiiformation given in the Repoit of tl)e Tr￿SteeS 15 illconsistent in any material respect with tlie financial
slatemcnts- or
sufficieiit accouiiling itcoi'dg I￿ve not been kept. or
the financial slalen)eiils are not uj agtTement witii the accounting records and retun￿. or
we havc not reccived all tlie infonnation 8nd expldnations we require for oui. audit.
Pagell

REPORT OF THE 1Tr4DEPENDENT AUDITORS TO THE TRUSTEES OF
TRUST PROPERTY ADMtNISTERED BY THE
MERSEV SYNOD OF UNITED REFORMEI D CHURCH
Rcsponsiliilttles of tiwstees
As explained n]ore flilly in tlie Statement of Trnstces, Responsibilities, tIie tW5tees ￿'e Lrsponsiblc for tlie prepai'ation of
tlie financial statenients whicli give a true and fair view, and for sucli iiilenial coiitrol As tlie li'uslees detei'inine is
necessary to enable thc pi'eparatioTh of financial slalenients Ilial fi'ee fi-onl inalerial niisslatcment, wheihei. due to fipud
oi ei'i'or.
lil preparing Ihe financial slalements, In￿tee8 are ￿sponsIble for assessing ihc Cl1￿][y,S ability lo continue as & going
concetti, disclosing. as applicable, nialtei's rel8led lo going conca'n and usitig the gollig conceiii bRSiS of aCCounti￿g
Liiiless tlie Mislee8 eitlici. intend lo liquidate tlie cl)arity or to cease opsratioi)s, or have no iralislic alleriialive bul lo do
Our i'espoiislbllities foi. the audit of the financlAI statements
We liave been appoinled us auditors under Section 144 of die Cl)arities Ac(2011 and repoi't in accordance witli tlie Act
and relevati¢ regulations ii)ade oi. I￿vIng effect Iliereullder.
Oui. objectives are lo obtain rellsonable a&qurance about wliedier tlie financial slalenients as a whole are free fyoin
malekial inisslatenieiil, wbeiher due lo fixud or en'or, and to issuc a Report of the Indepei)du)t Auditoi's tliat iiicludcs our
opinion. Reasoiiable &ssurance is a l)igl) level of assurancG but Is not a guarantee t]iat ali audit coiiducted iii accoi-dance
willl ISAS (UIC) will always delect a nialetial miss1aleii￿nt wl)¢ii il exists. Misstaleiiienls cali ai'ise fi'oiii fraud oi. ei'i'or
and air considei'ed niatei'ial if, iiidividiially or in die aggregate, I1￿Y could reasonably be expected LO influeiice 11)e
ecoi)oiiuc decisions of usei's taken ort the basis of these financial slateiiients.
Tlie exlertt to wliicli oui. pi'ocedures are cap&ble of detecting irregularities, iiicluditlg fraud is detailed below:
Jri'egiilai'ilies, iiicliidiiig fi'aud, al'e instsnees of Iion-¢oiiipliance will) law8 and rcgula(ioiis. We design i)rocedure5 in line
willi oui. IEsponsibililies, outlined above, lo delecl mateiial misslaleiiients iii respect of ii'irgulai'ilies, ii)cludiiig fi'aud.
Tlie exlei)l io wliicli oui. pi'ocedLircs are capable of dcle¢ling irregu18ritics incliiding fraiid is de18iled below.
Based on oiii. Linderslandillg of Ilie Ll)arity we ideiitified tllal (he priiicipal I'isks of non-conipliance will) laws and
i'egulations relate to ineon'ecl irveiiiie recogiiilion aiid we consideird the exlciil (o wliid) non-coiiiplionce ii)ight1i4ve a
Inalei'ial effect on the financial ststcnienls.
We also considcrcd Iliose laws aild iEgul81ions that have a direct impact on thc fmRncial slateinei)Is siicli as the Charities
Act 2011. We evalualcd nianageiiient incentiv&s aiKI opportuiiities foi. fraudulent Illdnipulation of tlie finai)cial
slateineiils, includiiig the risk of overriding controls, and delemiined that Ilie pi'incipal i'isks weLE related to posting
iiiappiDpi'ia* joiiinal enlri&s lo i'educe cxpendittitE and Inanageiiienl bi&s in accouiiling eslimatcs aiid Judge1n￿lIa1 ai'¢as
of the financfial slalements such tlie valuation of iL%Lll'ance liabilities.
Audit procedures p¢rfom)ed included:
discussions witii man&geiJient involiited in the iisk and compliance fuiictions including considci'alion of known oi.
susi)ecled instances ofiioii-coiiipliance will) law.4 2nd regulalion alld fraud;
i'eview of Iruslee Ininutes and n)aiiageineiil nieetuig n)iRutes
pei'forining aiidil work in iElation to tl)e risk of manag￿ne11t override includkng le5ting of joui'itsl entries and otlier
adjusthients for appi'opriateness and i'evÉewin8 accounting sysfenis for bias.
Tliere are in11￿.e7)I liniitations in tl)e audit procedures described above. We less likely lo beeoLne awai'e of instances
ot. non-complianee witli laws and iE8ulations that are not closely related to evenls and ts"Mnsaction5 I'efiecled in tile
fillancilll slatenients. Also. tlie risk of iiol delecling a nip4tei.ial niisstateinent due lo fiaud is lii8liu' tlian the iisk of not
dclecliiig one resiiliing froni error as fraud may involve delibci'at¢ concealinent by, foi. exainple, foi'gejy oi. iiiteiitioi￿l
misrcpi'esenlations or Ihrougli collusion.
A fuid)ei' desci'iption of ow- respoi)sibilitieg for tlie audit of tbc financial slatements 18 lO￿ted on the FinaiiciAI RekY)I'ling
Council's website at Www.fi'c.OlE.uklaudilorsrespo￿ibl111le& Tliis d¢scriptioTh foi'ms part of oui. Report of the
Jndependent AudilotE.
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
TRUST PROPERTY ADMINISTERED BY THE
MERSEY SVNOD OF UNITED REFORMED CHURCH
Use of our report
This report ig made solely to the charity's trustees, as a l)ody. in a¢Gordan¢e with Part 4 of the Charlttes (AG¢ounls and
Repor15) Regulations 2008. Our audit work has been undertaken so that we might state lo the Charity's ts'ust¢es those
m8tters we are required to state to them in an auditors, report and for no oihcr pu￿oS¢. To the fullest ¢xtent p¢iThitted by
law, we do nol ac¢ept or assume responsibility to anyone other than the cliarity and the charitys ¢ru8te¢s as & body, for
0111. 8
dil work, for tljis report. or for th¢ opioioNg we havc fomed.
P B Syddall & Co
Chartered Aecounlants
& Stalulory Auditors
Grafton House
81 Choi'l¢y Old Road
Bolton
Laft¢ashire
BLI 3AJ
14 Octobei. 2025
Pag¢ 13

TRUST PROPERTY ADMINisfERLD BY THE
MERSEY SYNOD OF UMTED REFORMED CHURCH
STATEMENT OF FINilNCtAL ACTIvrrIES
FOR THE YEI AR ENDED 31 DECEI MBER 2024
2024
Total
funds
2023
Total
nds
Unrestticted
funds
Reshicted
funds
INCOME AND Ef4DOWMENTS fiROM
Doiwtioiis aiid legacies
251,936
251,936
208
Chaj'itable activities
P1￿ceedS fi'oni clu'Liirli disiiosal
Pmeeeds frotii nianse disposal
Grants
3,900
3,900
418,391
12,407
138,977
699,820
12,830
418J91
12,407
liiveslmenl inconie
Otliei. iilcollle
244,075
58,310
244,07S
SB,310
218,732
161,911
Total
570,628
418,391
989,019
1,232,478
EXPENDITURI ON
R%lsliig I'iiiids
Otlier Ii'adiiig activities
Investsnent Inanagenient costs
I,IS8
41,829
1,158
41,829
1,305
36,555
42,987
42,987
37,860
Chai'ltable actlvltl
Traiiining cosl,s & grants
Building suiveys
OLilreacli
Eciiinenical activity
Welfare gi'ants
Pastoi'lll support
Cliildi'en & youdi development
Manse purchases
Mission grants
CIIULCI) iinprovcineiil & developinent
Maiise niainlcnaiice & improveiiient
Govei'nance costs
60,528
20,888
13,S33
16,463
1,294
36,823
S7￿88
60,528
20,888
13,533
16,463
1,294
36,823
57,588
490,OOn
104,561
143,S81
102,549
(40,781)
64,736
9,C)42
12,073
1 (),625
1,554
16,966
54,883
490,000
104,561
143,581
50,978
11,422
81,739
236,496
102,S49
3S,071
(75,852)
Total
422,394
627,620
1,050,014
594,974
Net gains on inveshnenls
247,510
247,510
309,921
Nfl T INCOMEI(EXPENDITURE)
39S,744
(209,229)
186,515
947,425
R￿oNcILIATIoN OF FUNDS
Total tiinds bi'ouglit foiwayd
3,831,082
2.608,603
6,439,685
5,492,260
TOTAL FUNDS CARRIED FORWARD
4,226,826
2J99J74
6,620,200
6,439,685
The notes forni part of these financial statements
Page 14

TRUST PROPERTY ADMINISTERED BY THE
MERSEY SYNOD of4 UNrrED REFORMED CHURCH
STATEMENT OF FtNANCIAL AcrivrriES
FOR THE YEAR ENDED JI DECEMBER 2024
CONfiNUING OPII RATIONS
All inconie and expenditLire lias arisen continuing activitLes.
Gov¢mance costs iiicludes the i'cvei3al of a provision for conbibutions to bc made to the deficit of the ininisleis pension
fuiid. Fiirlliei. details can be fouiid in Note 9 to Ilie accounls.
Thc not&% fonu parl of these fjnancial statements
Page 15

TRUST PROPERTY ADMINISTERED BY THE
L￿￿1 RSEY SYNOD OF UNITED REFORMED CHURCH
STATEMEI NT OF FtNATrICIAL POSITIOIY
31 DECEMBER 2024
2024
Total
unds
2023
Total
funds
UDrestrictcd
futtds
Reth"icted
nds
Notes
FixfJ) ASSETS
lllveslments
14
4,550,528
2J99J74
6,949902
6,839,134
CURR￿1 NT ASSETS
Deblois
Investmenls
Cash at bank and in l)and
15
16
23,734
336,(K)O
161,671
23,734
336,000
161,671
33,042
430,659
521,405
511A05
463,701
CRJZDITORS
Arnounls falling due witliin one year
17
(845,107)
(845,107)
(623,150)
NE< T CURREI IYT ASSETS
(323,702)
(323,702)
(159,449)
TOTAL ASSETS LLSS CURREI NT
LIABILITIES
4,226,826
2,399,374
6,626,200
6,679,685
CREDITORS
Amounts falling due after more than one year
L8
(240,000)
IYET ASSETS
4,226,826
2,399,374
6,626,200
6,439,685
FUNDS
Umtstt'icled ￿ndS
Resliicled ￿ndS
19
4,226,826
2,399J74
3,831,082
2,608,603
TOTAL FUNDS
6,626,200
6,439,685
The financial
W￿.e signed o
ments were approved by the Board of TnL8tees and authorised for issue on 17 September 2025 and
belialf by:
Mmo
- Tnlstee
The notes fonn part of these financial statements
Page 16

TRUST PROPERTY ADMINISTERED BY THK
MERSl+ Y SYNOD OF UNITED REFORIWIED CHURCH
STATF,MEP4T OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
C*$li flows from operatlng actlvities
Cash geiieraled froin opelilions
(313,80S)
586,263
Net C&8h (used in)4)i'ovided by operating activities
{313,805)
586,263
C￿31) flows fi'om investiiig ActI￿tIeS
PuLcliase of fixed asset inve%liiiciils
Sale of tangible fixcd awts
Epwortl) investmeiit fund
Iiivcstsnent poilcolio c&sli accounl
Intei'esl LEceivcd
{800,000)
152,512
(336,000)
136,742
244,075
L3,6lO
218,732
Net cash piovided by/(used in) inve81ing activities
44,817
(415,146)
ClianEe In ca511 And cash equivalents in
the repoi'llng pei'lod
Cash casli equ1V￿entS At the
beginnlnLi of the i'eporting peylod
(268,988)
171,117
430,659
259,542
Casli and cAsli equlvalents at tlie end or
tIIL repoi'tin% pei'iod
161,67]
430,659
The Tholes ffflin paLI of these fir￿1claI staternents
Page 17

TRUST PROPERTY ADMINISTERED BY THE
MERSfi Y SYNOD OF UNITED REFORMED CHURCH
NOTES TO THE STATF,MENT OF CASU FLOWS
FOR THL YLAK ENDED 31 DECEhlBER 2024
RECONCILIATJON OF NCI T INCOME TO P4ET CASH FLOW FROM OPERATIYG ACTIVITirs
2024
2023
Net income (oi, the reporting period (as per the Statèment of Financlal
Actlvltles)
Adjustmeiits foi.:
Gain oi) investineiits
Pi'ofit on disposal of fixed assets
Interest receivcd
Deci'e8wI{increase) in debtors
(Decrease)lincrease in ci'editors
186,SJ5
947,425
(247,510)
(309,921)
(52,512)
(218,732)
(9,936)
229,939
(244,075)
9,308
(18,043)
Net e4$h (used in}Ipi'ovided by operAtions
{313.805)
586,263
ANALYSIS OF CHANGES IN NET FUIYDS
Ai 1.1.24
Casli flow
At31.12.24
Net casli
Casli at bank and in l)and
430,659
(268,988)
161,671
430,659
{268,988)
161,671
Liquld resources
Deposits included in casli
Current asset ii)vestlTAeiits
336,000
336,000
336,OiK)
336,000
Total
43U,659
67,012
497,671
The notes fonn p￿* of these f￿anCial statements
Page 18

TRUST PROPERTV ADMINISTERED BY THE
Mtl RSEY SYNOD or UNITED REI foRMED CHURCH
NOTES TO THE FINANCIAL sfATEMENrs
FOR THEI YLAR ENDED 31 DECETrIBER 2024
ACCOUNTING POLICIES
BASIS OF PREI PARtNG THE FINANCIAL STATEMENTS
The fiiianeial staleiiients of tbe chwity. which is a public b￿]er11 ciitily undei. FRS 102, bave been prepai'ed in
accoi'danee witli tlic Cliarilies SORP (FRS 102) 'Accounting and Repoiling by Cl)aiities.' Slalenieiit of
Recoinjiiended Praclice applicable to chaj'ilies preparing their aceouALs in a¢coi'dance wiib the Fiiiwcial
Reporting Slaiidaid api)licable in Il)e UK and Republic of Ireland (FRS 102) (effective l Jaiiuaiy 2019),,
Finaiicial Reporlirtg Staiidard 102 The Financial Reporting Siaiidard applicable tl)e UK and Rei)ubli¢ of
Ireland, and the Cl)arities Act 2011, The financial slatcn)enls l)ave beeii pi'epai'ed undei. tile Iiistoi'ical cost
conveniion. witl) tlie exception of investnienls wliich are included at i)iarket valu¢. as inodified by Ilie revalualioii
of cei'lain assets.
The fiiiailcial stalenieAts are prq)ared on the goll)g con￿￿ basis uiidei- the histoiical cost cotiventioii niodified to
ii)cILide ccitain iteiiis al fail. value. T1￿ financial staleinents al'e pi'ephi'ed in Sierlii)g wl)icli is Il)e funclioi)Rl
cui'ieiicy of the cliai'ity aiid rouiided to the ne￿est £
Tlic siginificant accouiiling policies api)lied li) the piepai?tion of these finaiicial stateineiits are set out below.
Tliesc policies liav¢ b¢etJ consisl¢nily appli¢d lo all ye813 prcsenled ithlcss oilieiivisc slated,
CRITICAL ACCOUNTING JUDGEMENTS AND KEI Y SOLRCES of% FSTIMATION UNCERTAINTY
Iii tlle apylicalion of the clthi'ity's accoui)ling policies Ilie lrnslces are i'equii'ed (o ii)ake judgeiiienls, eslii)ialcs aiid
assuinptions abolit dic cairying amount of assels liabilities diat al'e iiut i'eAdily appareilt fiDin otliei. sow'ces.
Tlie esliii)ales aiid associated asstunptions are based on liistoi'ical experience and oll)er factoiB diat ui'e
conSid￿'¢d lo be relevant. Actual results Iiiay diffei. froni these esliiilates.
In the opinion of the tsuslees IheiE ￿.¢ no special disclosures itquired in respect of judgeiiients and estiiMatioii
uncertainty.
INCOME
All incoiiie 18 IEcognAscd in the Sialeiiient of Financiil Aciivilies once the ch￿'Ity has entitleiiieiil to the fi￿ds, i¢
is pi'obable that the income will be ireeived and the A]nount cali b¢ tne&8uird reliably.
LXPEIYDITURE
Liabilities air recognised as expenditure as soon as tliere is a legal or constructive obligalioii comimitting the
cliai-ity to tliat expenditure, it is probable that a ts7nsfer of economic benelits will be i'equii'ed in settlenient and
Ilie aiiiount of Ilic obligalioi) cali be iiicasiired reliably. Expei)diWre is accouiiled for on ali acciual8 basis and lias
beeii classified linder lieadings tliat aggr¢gale all cost related to tlie categoiy. Wliere costs C￿￿}0t be dii'ectly
attributed to particular Iieadings they have been all<Kaled to activitie5 011 a basis consistent witli tlie use or
resource8.
Grants offered subject lo conditions which have not been met at the year end dale are noted as a cointiiilinent but
not a¢¢nied as expenditure,
ALLOCATION A TYD APPORTIONMENT OF COSTS
Costs are nialclied against Ilie iiieonie geiiernted by tlie expenditure incuffed. Costs inCu￿ed oil pmviding
dcsignated activities are allocated to tli¢ ￿levant designated fund. All otlier expenditure on cliaritable acttvities
and odtninistrative costs are allocated to tlie general fund.
rixKD ASSETS AND INVESTMENTS
Dcpreciation is provided at the following annual rates in order to off each asset over its estllnated l￿fIll
life.
Motor vehicles
Con)puter equipnient
250/0 On Cost
25Q/o on cost
Page 19
corLtinued...

TRUST PROPERTY ADMINISTERED BY THE
MERSEY SYNOD OF UNITED REFORMED CHURCH
NOT£t S TO THE FINANCIAL STATEMENTS- continued
FOR TIIE YEAR ENDED 31 DICEMBLR 2024
ACCOUNTINC POLICIKS- conlinued
FIXED ASSEI TS AND tNVLSTMENTS
INVESTMENTS
liivcstment al'e staled at fair value at tlie balance slieet dale aiid UrnT&sliesd gains 01 losses are recognised iii Ilie
Statenienl of Financial Activities. The ¢liarity's investment manage1% provid¢ a valiiation i'q)oi'l as at tlie balance
l)eel date showiiig the Inarkel value of each of Ille assefs in the portfolio.
REI LATED PARTY TRANSAcrtONS
Irt the opiiuoii of Ilie dii'eclors. iiidividiial Uiiited Refomied C.liurchcs and Trnsts iiot considered lo be ￿lated
pai'lics &s ilie Coiiipaiiy's i'elalionsliip witli Iliem is one of adininislratloll and &iiving advice IBiliei tlthii exeitising
influence. As sucb, tsansactions with illdividual United R¢fonlled Cl)urehes and Tiwsts notindividually
disclosed withiii tl)e5¢ accol￿tS exeepl lo the extent tliat grants aiE Iiiade 10 iIIosL Churclics.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Uni'esli'iLled fiinds ¢XLi be iiscd in aCc￿'danCe witl) Ihe chaiitable objecliv&8 at d)e discreiion of Ili¢ li'ustees.
Restricted fiinds can only be uscd for pailicular restricted purposes within tl7e objects of the charity. Rests'ictions
arise wl)en specifLed by Ilie donor oi. wl)en fijnds Are raised for parlicular reslri¢led purposes,
Furtlier explanatioii of Ili¢ i)abJre and purpose of eacli fund is included iii die notes lo Ilie financial 8lalcn)ents,
PROTE￿lON FROM MONEY LAUNDERIIYC AND RELATED FRAUD
Befoye any dol￿tIOn of more Ihaii £51KJ or any loan is accepted fi'oiii a new aiidlor U1￿]0wn souire oi. aiiy
coinplexli'ecipiocal Inonelaiy ts?i)saction is uiidertakeii witli ui)y pa￿1¢1. orgaiiisalioii or iiidtvidual, all 5ucli gifts,
loans oi. li'ansactioils iiiusl be refeiyed to Ilie R¢souircs Coiiiiiiitiee. The Resourc&% Coiilljiittee iiiust satisfy itself
Ihal Ilie soui'ce aiidlor i)arinei' is Irpulable, Iliol Ilicic is no sugg&8tion of moiiey laund¢i'iiig aiid tlie the
giftltransaction is legal before any such giftlttznsaclioii is accepted or ajiy otlier coinmitsnenl is ii)adc.
GOLNG CONC£1 RN
The Iruslees #ysess wlietlicr tlic use of going concern 13 appropriate, ie. wlieihei. Iliere al'e any rnaterial
uncertainties related lo eveiils or conditions diat may cast Significant doubt on die ability of Ilie eliarity to
continiie as a going concem.
The ttiistc&s ni&ke this assessment in respect of a period of a¢1¢&8t one y¢ar froni the dAle of auiliorisation foi.
issue of the financial slaleineilts and have concluded diat tile cliw'i¢y has &dequate i'esoui'ces to coiitiiiue in
opei'alioiial existence foi. the foreseeable fi]ture atid tliar are no ii)aleiial uiicei'lainties about 11)e cliai'ity's ability
to conliniie as a going conccm, thiis they contiiiue to adopi ilie going concein basis of accouiitinE 111 pi'epai'in8
Ilie fm&iicial slateiiients. Tliis consideration has taken into account the impact of tlie coinjiiilinenl to the Mit)istei's
Pension sclie5ne as far as it can be (ktemlincd and die tn￿tee8 remain satisfied tliat tlie going concern ￿'1￿C1ple
I'en)ain8 appIDpriale.
Page 20
continued...

TRUST PROPERTV ADMINISTERED BY THE
MERSEY SYNOD OF UNITED REFORMED CHLIiCH
NOTES TO THE rtNANCIAL STATEI MENTS - eolldnued
FOR I'HE YEAR EP4DED 31 DECE￿IBEl R 2024
DONATIONS AND LEGACIF
2024
2023
Gifts and donations
251,936
208
JNVEI gfMLNT INCOM
2024
2023
Dividends and iiiteresl irceived
244,075
218,732
INCOME FROM CHARITABLE AcrtVlTIES
2024
2023
Aclivity
Proceeds fi'otn cl)uidi
disposals
Pi'oceeds fi'oin I￿al]Se
disi)osal
Gi'ants
Procecds from duill'cli disposal
3,90
138,977
Proceeds from inanse disposal
Grants
418J91
12,407
699,820
12,830
434,69¥
851,627
OTHER TRADING ACTIVITIES
2024
2023
PuKcli8ses
1,158
1,305
INVEI STMENT MANAGEMCI NT COSTS
2024
2023
Portfolio manageii)ent
41,829
36,555
P38c21
continued...

TRUST PROPERTY ADMINISTERED BY THE
MERSEY SYNOD OF UNITED REFORMED CKURCH
NOTEI S TO THE FINANCIAL STATEMENfs - eontliiued
roR THE YEI AR ENDED 31 DECEI MBER 2024
CHARITABLII ACTivrriES COSTS
Gi￿t
fiinding of
activities
{sec not¢
Support
costs (s¢e
note 9)
Dii'ecl
Costs
8)
Totals
Ti'aninii)g costs & grnnts
Biiildiiig surveys
Outreaolj
Ecuii)enical activity
Welf￿'e gi'ants
PasloLxI support
Cliildi'en & youtli developiiient
Manse purchases
Missioii grants
Churcli iinpioveillent & developiiicnt
Manse inainlenance & in1pl￿ve171cnl
Governance costs
60,528
20,8118
13,S33
16,463
1,294
36,823
57,588
60,528
20,888
13,533
16,463
1,294
36,823
57,588
490,000
104,461
143,$81
102,549
<40,781)
490,000
104,561
143,581
101549
(40,781)
592,$49
455,259
(40,781)
1,007,027
CRAIYTS PAYABLE
2024
2023
T￿n]ning costs & grants
Biiilding surv¢y5
Outreach
Ecuiiieiiical activity
welfa￿ grants
Pastoiil support
Cliildi'en & youtii developineiit
Mission giants
Cl)urcli iniprovemenl & developnKnt
60,528
20,888
13,S33
16,463
1,294
36,823
57,588
104,561
143,581
64,736
9,642
12,073
16,625
1,554
16,966
54,883
50,978
11,422
455,259
238,879
Page 22
continued.,,

TRUST PROPERTY ADMINISTERED BY THE
MEI RSEY SYNOD OF UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMEiYfs - eoiilinued
FOR THE YEAR ENDED 3I DEI C,EMBER 2024
SUPPORT COSTS
Gov¢i'natice
eosLs
Goveimance costs
{40,781)
Illcluded in goveii)ance costs is the IEversal of a provision for coiitribulions payable lo the deficit of tlie iiiinislers
pension fui)d.
It has beeii delei'lniiied that sufficient contrikntions havc been imade and no inore are requird.
Support costs, included in the above, are as follows:
GoV￿RNANcE COSTS
2024
2023
Total
activilies
Goveinance
cos15
Wages
Auditors, i'cmuneralion
L¢gal
Post print & sialionery
Teleplione
132,070
6,720
J3,835
5J58
5,002
128,303
6,000
12,810
3,166
4,281
i li
liisui'aiiee
Reiil
Liglit & lieal
Repails
Synod officer8 expenses
Siindi'y expenses
Syiiod conllnirtees expenses
IT suppoi't
Bank cliarges and interest
Support foi. minisleEs pension ￿nd
12,595
S,236
3,449
6,197
6J29
28,724
2,318
11,027
3S9
(280,000)
16,510
5,125
6,617
5,341
5,260
23,522
4,721
14,410
430
(40,781)
236,496
io,
AUDITORS, REMUNERATION
2024
2023
Fees payable lo die dMrity'8 auditots for the audit of clmrity's finaiicial
stalernents
6,720
6,000
Page 23
continued...

TRUST PROPERTY ADMtNISTERfD BY THE
MERSEY SYNOD OF iINITED REfoRMED CIIURCH
NOTES TO THE FINANCIAL sfATEMENTS- contillued
IOR THE YEAR ENDED 31 DEI CEMBER 2024
ii.
TRUSTEEI S, REMUNERATION AND BENEFtTS
T1]e￿ were no kni￿leeS, reniuncmtion or other b￿}efitS foi. the year ended 31 Deceinbei. 2024 nor foi. the yeai.
ei)ded 31 December 2023.
TRUSTII [1 S, EXPENSES
Soii)c of the In]stees received i'eiA)ibJrseniertt of expenses incurred in ￿lfilling theii. duties as trustees, Tlie
conibincd lolal of Ilie expens&8 for the year to 31 t)ecembei' 2024 was £nil.
12.
STAfiF COSTS
2024
2023
Wdges and salari¢s
132,070
128,303
132,070
128,303
Tlie average nionthly nuinber of aiiployees during Ihc year WAS AS follows:
2024
2023
Synod staff
No employees rcceived eino5iiments in excess of £60,000.
13,
TANGIBLE FIXED ASSIITS
Molor
veliieles
Coii)puter
eqiiipment
Totals
COST
Al l January 2024 and 31 Decefftber 2024
13,131
25,635
38,766
DEPREI CIATION
Al l January 2024 and 31 December 2024
13,131
25,635
311,766
NET BOOK VALUE
At 31 December 2024
At 31 Decetnbcr 2023
Page 24
continued...

TRUST PROPERTY ADMINISTERED BY THE
LKERSEY SYNOD OF UNITED REFORMEI D CFtURCH
NOTES TO THE fiINAf4CIAL STATEMENTS- continued
FOR THE YEAR ENDEI D 31 DECEI MBER 2024
14.
FIXED ASSET fNVESTMENTS
Lisled
inVe5tLncnls
MARICfi T VALUC
Ai i Januaiy 2024
Revaluations
Tjxnsfer lo poitfolio c&81) aLcounl
6,839,134
247,511
(136,743)
At 31 D¢ccinber 2024
6,949,902
NEI T BOOK VAI.UK
At 31 Decetnbei. 2024
6,949,902
At 31 December 2023
6,839,134
11iere welt no inveslinent assets outside Ilic UK.
Cost oi. valuation at 31 December 2024 is trpirsenled by..
L15ted
liivestn)ent8
Valiialion in 2021
Valuation in 2022
Valualioii in 2023
Valuation in 2024
Cost
720,444
(92,973)
4611,840
374,502
5,479,089
6,949,902
Tlie fail. value of t])e listed inveslniciils is detsmiined by reference ￿ ilie bid quoted pi'ice iii an active
mai'kel at the balance sheet date.
15,
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Oth￿, debtors
23,734
33,042
Page 25
conliniied.,.

TRUST PROPERTY ADMINLSTERED BY THE
MERSEY SYNOD OF UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATkMENfs- continued
FOR THE YEAIi ENDED 31 DECEMBER 2024
16.
CURREKf ASSET INVEgfMENTS
2024
2023
Epworth investlnent funds
336,000
17.
CREI DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
OIILer cledilors
Supi)ort for tninisters pensioii fi)nd
Ac¢n]4ls and defetTed incoine
701,186
563,088
40,000
20,062
143,921
845,107
623,150
Included in otlier cttditors is £121,000 whicl) is tlic pro¢eeds from the sale of the foiinei- Hanipton Road URC
Ilial dre dLl¢ lo be paid to Scai'isbrick Fstates under a ieversionwy clause. EIToits iiiade by tlie clrdl'ity's soliciloi's
lo ari'Rnge payiiicnl of this debt have beeii delayed due lo the i'equire]nenl of a sclieine lo be set up ill i'e18ti0n to
the fiiiids.
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YE¢ AR
2024
2023
Suppoi't foi. Iniiiislers pension Fund
240,000
19,
MOVEMEIYT ￿ fiUNDS
Nel
iiiovenienl
in fiind8
At
31.12.24
AL 1.1.24
Uiii'estriLted lund$
General fijnd
Designated fvnds
355,041
3,476,041
405,276
{9,532)
760,317
3,466,509
3,831,082
395,744
4,226,826
Resti'lcted funds
Manse s¢lieine
Alt¢inaliv¢ niinisllies ￿lld
2,553,563
5S,U40
(198,283)
(10,946)
2,3.fj.5,280
44,094
2,608,603
{209,229)
2,399,374
TOTAL FU]YDS
6,419,685
186,515
6,626,200
Page 26
continued...

TRUST PROPERTY ADMINISTERED BY THE
MERSEI Y SYNOD OF UNITED REFORMEI D CHURCH
NOTES TO THE, FINANCIAL STATEMENTS - COn￿nued
OR THE YEAR ENDED 31 DECEfvIBER 2024
19.
MOVEMENT IN FUNDS- coiitinued
Nel niovanenl in funds, incliided in t1￿ aknve are as follows..
Inconiing
resources
Resources
expciided
Gains and
losses
Moveiiient
in fijnds
Uni'estiicted funds
Geiiei?l fiind
Designated fuiids
566,169
4,459
(160,893)
(261,501)
405,276
{9,532)
247,51
S70,628
(422J94)
247,510
395,744
Restrlcted funds
Maiise selicine
Aliern&live ininistries fund
418J92
(A)
(616,675)
(10,945)
(198,283)
(10,946)
418J91
{627,620)
(209,229)
TOTAL FUNDS
989,019
(1,050,014)
247,510
186,515
Coiiipai'Atives for Inovenitnt lli funds
Net
nloveinent
in funds
Ti'ansfers
between
nds
At
31,12.23
At 1.1.23
Unr¢sli4cted funds
Genci'al fiind
Designated fiJnds
304,161
3,072,768
<49,120)
403,273
100,000
355,041
3,476,041
3,376,929
354,153
100,000
3,831,082
Resti'lcted fuiids
Manse properly reserve
Mai)se s¢lieme
Alt¢rnalive miiiislries fijnd
100.000
1,950,055
65,276
(100,000)
603,508
(10,236)
2,553,563
55,040
2,115.331
593,272
( l(Kl,000)
2,608,603
TOTAL FUNDS
5,492,260
947.425
6,439,685
PAge 27
continued...

TRUST PROPERTY ADMINISTERED BY THE
MERSL¢ Y SYNOD OV UNITED REFORMED CHURCH
1¥40TES TO THE FtNANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEI MENf IN FUNDS - eontlnutd
Coiiiparative net movement in fvnds, included in t1￿ above are &s follows:
Inconiing
i'esources
Resoiirces
expeiided
Gains Vlnd
losses
Movenicnt
in funds
Uiii'esti'icted Kunils
Genei'al fiilld
Desisi)aled thnds
356,938
175,720
(406,058)
(82.368)
(49,120)
403,273
309,921
532,658
(488,426)
309,92
354,153
Restileted funds
Maiise sclicine
Alteiiiative niinistries fuiid
699,820
(96,312)
{10,236)
603,508
(10,236)
699,820
(106,548)
593,272
TOTAL FUNDS
1,232,478
{594,974)
309,921
947,425
20.
RELATED PARTY DISCLOSURES
There weil no rclated party tsxnsaclions for Ilie yeai'ended 31 Deceniber 2024.
Page 28

TRUST PROPERTY ADMtNISfERED BY THE
MERSEY SYNOD OF UNITED REFORMED CHURCH
DETAILED STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 31 DECC4 IIBER 2024
2024
2023
INCOME AND II NDOWMENTS
Dona¢ions aiid legacies
Gifts donations
251,936
208
Iiivestineiit iiicoine
Divideiids alld iiilei'esl i'eceived
244,075
218,732
ChAritAble thetivlties
Pi'oceeds froni cliui'cli disposals
Pi'oceeds from nianse disposal
Graiits
3,900
418,391
12,407
138,977
699,820
12,830
434,698
851,627
Oiliei, iiicome
Gain on sale of IBiigible fixed asse18
0￿]ee sales
Olhci. incoiiie
Rental incoire
52,512
1,001
40,442
67,956
7,772
50,538
58,310
161,911
Total Ineomliig i'esoui'c
989,019
1,232,478
EXPENDITURE
Other trfidlng Actlvlti
Pw'chases
1,158
1,305
li)vestn)eJit IiiAJiageJiient costs
Portfolio ntsitsgeinenl
41,829
36,555
ChAritAblLi aLtivitie8
Manse maintenance and impiovenients
Pui'eliase of Li￿nseS
E¢iiin¢nical, Illission aiid tt'atning costs
102,549
490,000
455,259
81,739
238,879
1,047,808
320,618
Suppoi't costs
Governance Costs
Wages
Auditoi's, i'emiineralio
Legal
Carried foiwai'd
132,070
6,720
13,835
152,625
128,303
6,000
12,810
147,113
This page do￿ wt form part of the sta￿tolY financial stalenients
Page 29

TRUST PROPERTY ADMINISTERED BY THE
MERSEY SYNOD OF UNITED FORMED CHURCH
DETAllED STATEMENT OF FINANCIAL ACTIVMES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Govei'liallce costs
Blouglit foi'ward
Post pi'int & slationeLy
TeleplLone
Insui'ance
Rent
Liglit & l)eal
Repails
Synod officei's expenses
Suiidry expeiises
Synod committees expense8
IT siippoi'l
Bank el)ai'ges and Int￿.eSt
Siipport for minist￿'S pension fund
152,625
5,358
5,002
J 2,595
5,236
3.449
6,197
6J29
28,724
2J18
11,027
359
{280,000)
147,113
3,166
4,281
16,510
5,125
6,617
5,341
5,260
23.522
4.721
14,410
430
(40,781)
236,496
Total i'esoLiires expended
1,050,014
594.974
Ne¢ (eipendtlui'e)lincnme befoi'e gAlJis and
losses
{60,995)
637,504
ReAllsed i'¢coEiilsed galiis Alld losses
Realised gaiiis/(losses) oil fixed asset iiivestments
247,510
309,921
Net Ineonio
186,515
947,425
This page does not forni W of the stalulory fingllcial slatements
Page 30