Charity registration number 1134130 (England and Wales)
CHELTENHAM UNITED REFORMED CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHELTENHAM UNITED REFORMED CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R EAlger (Resigned 14April 2024)
Mr M Dann
Mrs C Drummond
Mrs J Kemp
Mrs A Kerr
Mrs A Lewis
Rev l D McLaren
Mrs A Stagg
Mr G Tizzard-King (Resigned 14April
20241
Mr B Miles
Mrs D Miles
Mr D Black
Mrs C A Pennington
Mls J Evans
Mrs P Haywood {Resigned 25 January
20251
Charity numbor
(England and Wales)
1134130
Reglstored offlc•
Montpellier Street
Cheltenham
Gloucestershire
GLSO 1SP
Independent examin•rBK Plus Limited
6 Manor Park Business Cent
Mackenzie Way
Chellenham
Gloucestershire
England
GL519TX

CHELTENHAM UNITED REFORMED CHURCH
CONTENTS
Page
Trustees, report
Independent examinels report
11
Statement of financial activities
12
statement of financial position
13
Notes to the financial statements
14-24

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply wilh the charity's governing document, the Charities Acl 2011, FRS 102 "The
Financial Reporting Standard applicable In the UK and Republic of Ireland" and the Charities SORP A£counling
and Reporting by Charities,. Statement of Recommended Practice applicable to charities preparing their accounts in
accoTdance with the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021"
Objectlves and actlvltles
Overvlew
St Andrew's URC I"The Charity") and Prestbury URC. are the conslituent parts of Cheltenham United Reformed
Church (CURC). Both churches undertake activities on their own behalf, as well as through the CURC. St Andrew's
manage the Warden Hill building.
The objectives af the Charity are to advance the Christian faith in accordance with the doctrines, principles and
practices of the Reformed Tradition as upheld by the United Reformed Church. CURC is now adminislered as part
of the 'Pastorale of the North Cotswolds, (CURC. Broadway URC and Brockworth Independent Church), under the
ministerial direction of Rev lain McLaren, and through the West Midlands Synod of the United Reformed Church.
The Charity's op&ratlons are broadly classified as Ministry and Mission (including children and youth work), Training,
Property and Administrative Support.
All assistance relating to administration of the Charity and supply of support to members and adherents 18 by
volunteers. This includes assistance with services, outreach work, publicity, organising activity groups,
maintenance, and finance.
We are an inclusive church that does not discriminate against people on grounds of gender, race, dlsabilily, or
sexuality.
The agreed 'Vision Statement, of Cheltenham United Reformed Church Is:
'Through Faith, Fellowship and Csre we affirm that Jesus is Lord!,
The Church lakes as ils guide the Five Marks of Mission accepted by all the mainstr8am churches as part of their
membership of 'Churches Together in England,. These markers are summarised as Tell Toach Tend
Tiansform and Tr•asur• as follows..
T•ll is aboLtt presenting the Gospel of Jesus and the Word of God for the benefit of all who will listen.,
Teach is about increasing knowledge and understanding ofthe Christian faith.,
Tend Is about our response to the challenge of caring for others.
Transform Is about our support for external agencies.
Our Treasure is in our people, our environment, our listed buildings and our finance.,
These Flve Marks have been developed further by the URC nationally in its own programme introduced in 2019,
called 'Walking the Way, Living the Life of Jesus Today..
Our specific activities relating to these and other headings during 2024 are reviewed below.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ensurlng dellvery of the charity's aims and public benefit
In planning the charily's activities for the year. the trustees kept in mind the Charity Commissicn's guidance on
public benefit. Our aims include benefiting the public.
This has been a year of further consolidation in all areas of work following the merger of Warden Hill and St
Andrew's. Communications with our members continues to be through a weekly emailed Bulletin, the website, and
face to face. Live streaming for public worship has conlinued and developed. This conlinues to serve our
housebound members and a sleady stream of absentees and enquirers.
In 2024 we have welcomed the Rev Julie Jefferies to Prestbury URC as a part-time Non-stipendiary Minister on
completion of her training
Public benefit
The trustees have paid due regard to guidance issued by the Charily Commission in deciding what activities the
charity should undertake.
Achlevements and performan¢•
Significant activities and achievements againsl objecliyes
2024 Actlvltles Achlevoments and Performance
Toll:
Our Ministers, Rev lain McLaren and Rev Julie Jefferies, visiting minister5, lay preachers ané internal worship
groups have contlnued to provide Sunday worship. preaching and witness both in traditional forms and in new
styles. We have welcomed visiting speakers. both at zoom meetings and in person.
We continue to observe the v8rious festivals of the church and have laken part in ecumenical activity.
We strive lo make visitors welcome to our services and new people have become associated with our worship over
th8 year. Membership numbers have remained steady.
We have been making regular use of our Liv&streaming technology, broadcasting all Sunday worship on YouTube.
We are also using 'Zoom' for many meetings.
All church business and events are controlled by the Church Meeting in conjunction with the Elders Meetings.
The weekly emailed 'Bulletin' continues to develop as the msjor written communicalion ch8nnel, adopled across Ihe
four churche5 of the 'North Cotswolds Pastorate.. The CURC website has been redeveloped under the 'North
Cotswolds Pastorate, banner. 'In Touch, is a quarterly publication for publicity purposes.
We have good working relationships with both church groups that use our premises: the Evangelical Assembly of
God (ADM Cheltenham), and the Redeemed Christian Church of God (RCCG).
Monthly URC worship seNices at Warden Hill is in the form of Messy Vintage. Worship on Sundays is by the
Redeemed Christian Church of God <RCCG).
Mission with young children and families takes the form of'Family Fun Day,, one day in each school holiday.
Work with the older generation is through 'Messy Vintage. and the wider work of the Anna Chaplaincy in
Ch&ltenham and Bishop's Cleeve.
The Reading Group is active.
The Spire Fund Appeal has involved the church Retail outlet, a Concert series, goodwill donations and grants from
many sources.
Bookings for the use of our buildings have been maintained during the year, from hirers across the community.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR EIVDED 31 DECEMBER 2024
Teach..
Regular Sunday Morning Worship provides teaching in Ihe Christian faith for all who will attend. Since summer 2020
worship at Sl Andrew's has been broadcast via YouTube.
Seasonal prayer meetings and Bible Study groups have taken place by Zoom.
We have Wayside Pulpits on our public noticeboards at both siles.
We arrange for the purchase of the URC Prayer Handbook, Bible Reading Notes and other URC publications.
Some members are aclive supporters of Street Pastors in Cheltenham and 'Open the Book, taking Bible Stories
into School Assemblies.
Tend:
The Pastoral Committee and Elders continue to monitor need and offer support of pastoral care. Home Communion
is normally provided by our Ministers. Rev lain McLaren and Rev Julie Jefferies. Our Pastoral team visits those
unable lo be active in the community.
We have responded lo requests for Baptisms, Weddings, Funerals and Memorials during the year.
Representatives attend regional and national URC events.
We have responded in worship to National Events, tragedies, ECO concerns, Seasonal milestones, and Christian
Festivals.
Our Church Safeguarding Officer now works across the Churches of the North Cotswolds Pastorate.
W8 encourage our community to teke advantage of exercise opportunities according to thelr own preferences.
'Footsloggers' the church walking group, and Qi Gong- gentle 'Eastern' exercise, are well supported.
Transform:
We continue to support a wide range of Charities.. International, National and Local.
During 2024 weekly collections have supported members, choice of Charity Special collections have also supported
Christian Aidlcommilment for Life and Mlssion Aviation Fellowship.
Our community has also been encouraged to continue collecting items required by the local Food Bank,
'Chellenham Open Door 'and 'Cheltenham Welcomes Refugees,.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Treasure:
Peo
le.. Everyone who comes into contact wth us is given a friendly welcome and encouraged to be a positive
member of the communily, in whatever way they care to. We value our members, skills across a wide range of life
experience.
During 2024 our premises have been used by ourselves and ADM Cheltenham {Brazilian Church) to broadcast live
stream worship. Church social events are being enjoyed.
Our premises are used by many groups and individuals from across the local community.
Our support team includes a part time Financial Administrator, Booking s￿retary. Cleaners, Gardeners, Organists
and our Caretaker at Warden Hill.
Environmont..
We aim to continue transforming our environment through our enthusiastic focus on environmental issues.
We continue to address Issues of energy conservation, by appropriate healing and lighting controls. We gained the
A. Rocha Silver ECO Award for Churches in 2020 and are working towards the Gold Award.
We have again completed an energy survey and individual carbon footprint suNeys. An ECO yearbook has again
been compiled. Members have taken part in the nalion81 bird watch scheme, No-mow May, and events for the 'Big
Green Week,. Our lavender is used positively within the community. Bird Feeders ar8 in place In the St Andrew's
Garden.
Wè have 8 waste recycling point accessible to the community for cardboard, paper, plastic, glass, spectacles, blister
packs, stamps, batteries, printer cartridges. cables, and greetings cards.
We have a vibrant 'Book Exchang8' and 'pre-loved' Bric-a-Brac stall. Proceeds are for the Spire Fund Appeal,
The RegenerdtlonlRepair Cafe, run in partnership with Vision 21 and Ihe University of Glouceslershire, contlnues to
Ihrive.
Development of part of the church garden into a themed 'Psalm 23 Garden, continues. It is attracting wildlife and is
being supported by the local community.
The Warden Hill environs are being enhanced.
The Manse Garden is maintained as an eco-friendly space.
We continue to work with the local council to minimise any concerns regarding parking in the Ioc31 streets or other
community issues, We have good relationships with the local traders, and support Heritage Open Days, and 'Ride
and Stride.
Bulldin
We treasure our physical environment through the preservation of St Andrew's listed buildings, and the
Warden Hill Centre. Upkeep is ongoing at bolh sites.
We maintain the contents of both buildings as fully functioning Churches.
Major restoration work on the St Andr8w's Spire is Unde￿ay. Slone suitable for reuse will be restored, and stone
surplus to rebuilding requirements will be sold.
The heating system at St Andrew's has been upgraded. Flooring damaged by flooding has been replaced at both
sites. Windows al Warden Hill have been upgraded.
The Manse is maintained to a high Eco-friendly status.
We ensure our garden at St Andrew's and the Warden Hill environs provide pleasant public spaces in the heart of
each communily.
We continue to provide 'Community Space, for hirers of all types at both St Andrew's and Warden Hill.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The 2023 report Identifled the following objoctlves for 2024 and completed actlons are
shown in bold:
Church growth
To continue to make newcomers welcome and feel part of the church community.
To consolidate our SLrnday and Weekday activities.
To consolidate our mission opportunilies for familles and older people,
To develop our Pastoral Team.
To maintain our communications networks.
Sunday worshlp contlnue5 to b• at 11.00am.
We have contlnu•d to focus on the welcome offered to nowcomers and some have
become regular attenders at Sunday worshlp.
'Family Fun Days. and 'Messy Vlntage. have bocom• embedd•d In our programme and
have both had a successful year.
Th? Pastoral T•am contlnues under th• leadership of R•v laln McLaren and Rev Julle
Jefferles
We contlnue our use of Ilve-streamlng and zoom.
Tho weakly 'Bullotin' has a v•ry wld• clrculatlon. The web slte has boon r•d•v•lopod.
Communlty partnorshlps
To continue hosting the monthly Repair Cafè on church premises.
To continue work towards the A Rocha GOLD ECO Award
To continue support of'Herilage Open Days,.
To ensure that all hirers, activities are compalible with our m158ion and outreach.
To continue to work with the Chellenham Food Bank, Street Pastors, Anna Chaplaincy and Open the Book.
To reach out lo Ihe local community with a range of church-based activities.
To develop fiiendship with other churches in the community.
The Repair Cafo contlnu•s to open on 1st Saturday of tho month wlth contlnued
growth.
A wide rang• of ECO aCti￿tIeS have be•n deployed.
We are supportlng 6Heritage open days,.
We ¢ontlnu• to •nsur• that hlr•rs actlviti•s ar• compatlblo wlth our mlsslon and
outreach.
We contlnuo to reach out to the local ¢ommunlty wlth ¢hur¢h bas•d actlvltlos.
We continuo to support the organlsatlons Ilsted above.
We are maklng posltlve frlendships wlth other local church communltles.
Splrltuallty and Prayer
To continue to use members of our internal Worship Group to lead worship.
To continue to support our Bible Study Groups.
To develop more links between the churches using our premises.
Hlgh standards of worship in the Reformed Tradltlon continue to be maintalned under
the guidance of Rev lain McLaren and Rev Jull• Jefferles.
Use continue5 to be made of the skllls of the Worship Group.
Seasonal Bible Study and Prayer Group have continuod on Zoom.
Co-operation between the Churches meeting on our premises and thoso across the
North Cotswolds Pastorato of tho URC has d•veloped.
Flnance and Property
To ensure that our Unrestricted Fund account continues to avoid deficits.
To continue to maintain the Church Buildings (St Andrew's and Warden Hill) and Manse to a high standard.
To continue the project of developing the Psalm 23 garden for community use.
To action the restoration of the spire at St Andrew's
To replace windows and doors at Warden Hill with double glazing.
We contlnue to be in a sound financlal position.
All our Church buildings contlnue to be In good repair.
The themed 'Psalm 23. garden at st Andrew's continues to develop.
Restoration of the spire at st Andrew's is underway.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal revlew
The Trustees are responsible for preparing financial statements that give a true and fair view of the stale of 8ffairs of
the Church as at the end of the financial period and of the financial activities for that period. In preparing the
financial statements they should ensure that they..
select suitable accounting policies and then apply them consistently.
mak8 judgements and estimates thal are reasonable and prudent.,
slate whether the policies adopted are in accordance with the Charities SORP and with applicable
accounting standards, subject to any material departures disclosed and explained in the financial
statements.,
prepare the financial statements on a going concern basis unless it is inappropriale to presume Ihat the
Church will continue to function.
The Trustees, who meet most months. are also responsible for maintaining adequate accounting records to prepare
finanGial statements that comply with the Charities Act 2011 and sufficient internal conlrols to safeguard the assets
of the Church and to prevent fraud and other irregularitles.
Donna Sutherland has conlinued as treasurer and David Black as chairman of the Finance Committee. Rev lain
McLaren as Chair and Mr D Black, will sign off this annual report. They would like to thank members of the finance
committee for their ongoing participation and support.
The Church's Income is below the level requiring an audit by a Registered Auditor. Instead, a review by an
Independent Examiner is appropriate. The Truslees have appointed bk plus Limited of Cheltenham as lThJependent
Examiners. bk plus Limited is available for re-eleclion under the provisions of the Charities Act 2011.
Fundralslng sources
The primary source of funds is from the giving by memb8rs and supporters and the resultant Gift Aid tax reclaims
that arise from that giving. The next major source is hiring of rooms when not required for use by the church. Thes8
are often hiring's to organlsalions that we wish to assist as part of promoting the relevance of Christ to non-church
service attendees.
There are then a variety of other fundraising activities that help promote St Andrew's and the URC with relevance to
ils surrounding area and to Cheltenham.
Changes in Gift Aid income lend to reftect the changes in donations from major regular supporters. We are always
keen to have more people GiftAid to improve our income withoul it costing 5UPPDrters, as taxpayers, anything extra.
To help ensure we remain compllant with Gift Aid rules we monitor changes in guidance from HMRC.
Legacie5 have been very helpful over the last few years in enabling us to fund improvements to our facilities and the
continuation of such receipls, even of small amounts, can assist our futur8. We did receive notification of one legacy
in 2024.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves poI￿Y
We have general, unrestiicted, reserves, designated reserves (primarily for properly maintenance) and restflcted
reserves relating lo contributions towards the Gost of redevelopment or from outreach collections to assist other
charitable activities.
Unreslricted funds are needed to cover the support costs for the administrative functions of the Church (Charity)
and Ihe costs of support to other parts of the United Reformed Church but may be in deficit if income does not
exceed expenditure on a regular recurring basis over the years.
Designated feseNes for propety maintenance are to assist with meeting requirements for improvements and
maintenance to our facilities that arise from time to time. This reserve d08s help towards ensuring that we can
finance matters like healing repairs and replacement entrance doors. Most manse maintenance costs are now
financed by the URC West Midlands Trust Limited after a recent reorganisation of responsibilities.
The restricted reseNes for redevelopment also help with funding of other major building works such as th8 organ
and spire restoration. They also includ8 funds held for special purposes not involving other charlties.
The other restricted reserves relate to donations received in trust for us to pass on to other charitable organisalions
such as Commltment for Life and Christian Aid.
statement of Flnanclal Actlvltl•s
The Statement of Financial Activities is shown on page 14 with a MO￿ detailed analysis of income and expenditur8
on pages 17 to 24.
Comments under tho maln headlngs as follows:
Offertory income from individual members and the associated gift aid lax reclaim has decreased by around 0.50/0 on
2023 in the main due lo decreased plate collections. Incoming resources increased to £263,09212023 £147,156),
The main reasons for increased income were the 2024 receipls from grants of £116,640 to assist with the spire
restoration and the ECO improvements. Resources expended increased to £348.903 (2023 - £219,379) due to
increased maintenance costs, costs on the spire project and a full year of all staff. The variation in the year-end
Investment valuations increased general reseNes by £18,090. After transfers of £75,000 to olher funds a general
funds loss of £50,958 resulted. This resulted in an overall loss of £65,815.
We have a policy of trying to contribute more per head to the United Reformed Church Ministry and Mission Fund
than the national average as that helps other churches obtain ministerial pastoral care and il helps church
headquarters with its mission targets. That is our major recurring expenditure heading. The next major group of
costs are those arising from operating premises being repairs, utilities, and cleaning.
The restoration focus in 2024 has been on progressing heating system and energy efficiency work such as double
glazing al Warden Hill, which were completed during 2024, and getling the spire restoration work lo circa 40 %
completion. Work on the spire had costs, including VAT, of circa £220,000 oulstanding at the year end.
Grants of £55,000 have been received in 2025. Unfortunately, delailed inspection of Ihe spire stones early in 2025
identified additional work required. Further grant applications have been submitled to as515t with funding.
The general expenditure incurred has improved our ability to give support lo the national church and has enabled us
to expand our outreach, particularly to families, people with disabilities, and older individuals who wish lo join a
wider fellowship. It has also helped us give assistance to other Christian churches by being able to offer them more
facilities for worship.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Balance Sheet
The effect of having inveslments has resulted in 2024 in a gain of £18,090 in the value of our portfolio (2023 gain of
£16,442). However, we did realise £65,000 of investments to help fund the spire restoration ar¢d are realising more
in 2025.
Debtors include one quarter of Gift Aid lax plus a claim under the loose cash aspect of Gift Aid tax regime. Creditors
are similar in mix to 2023 but with more retiring collections awaiting remittance.
The overall effect of the aclivily on windows, heating and the spire has been a reduction In our year end funds from
£322,578 to £256,763.
We do not value the Church building due to its nature and relaled recommended accounting praclice, but we advise
the insurance value at note 7. However, Ihere are some items that we did capitalise and depreciate and that is
explained in note 1. Nothing was capitalised after 2002 until 2014 and nothing has been capilalised since.
InveslmentpoliGy
The objectives of the Trustees, investment policy are to mainlain adequale liquidity, maintain security of
investments, avoid capital losses and have sufficient funds available to finance payments as they fall due The
Church aims to invest ethically.
Surplu8 fund8 during Ihe year were inve8ted in a bank interest-bearing account to obtain the best possible identified
rate of gross interest and in a variety of investment funds to spread our range of iisk and investment return. These
are monitored by our finance commrttee and are held in specifically designated Ethical funds wherever possible.
Plans for future perlods
Church growth
To continue to make n8wcom8rs welcome and feel part of the church community.
To consolidate and develop our Sunday and Weekday activities, especially our mission opportuni118s for families
and older people, through 'Family Fun Days and Messy Vintage,,
To continue to develop our Pastoral Team.
To maintain our communications networks.
Communlty partnershlps
To continue hosting the monthly Repair Café on church premises.
To continue work towards the A Rocha GOLD ECO Award
To continue support of Heritage Open Days, and other wider Cornmunity Events as they occur.
To ensure that all hirers, activities are compatible with our mission and outreach.
To continue to work with the Cheltenham Food Bank. Street Pastors. Anna Chaplaincy and Open the Book.
To reach out to the local community with a range of church-based activities.
To develop friendship wilh other churches in Ihe community and across the North Cotswolds Pastorale of the URC.
Splrltuallty and Prayer
To maintain high standards of worship in the Reformed Tradition under the guidance of Rev laln MGLaren and Rev
Julie Jeff&r¢es.
To continue to use our internal Worship Group lo lead worship across the Pastorate, when the need arises.
To continue to support our Bible Study Groups.
To continue developing meaningful co-operation belween the churches meeting on our premises.
Flnance and Property
To ensure that our Unrestricted Fund account continues to avoid deficits.
To continue to maintain St Andrews and Warden Hill church buildings, and the Manse to a high ECO standard for
the benefit of the local community and pastorate.
To complete the resloration of the spire at St Andrew's.
To continue fund raising for the Spire restoration through events, grants sponsorship and goodwill offerings.
To continue developing the, Psalm 23, garden for community use.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
structurei governance and management
TrLJsls distilled from the United Reformed Church Acts (1972 and 1981) and Scheme of Union (1972).
Charity constltution
The Church is a constituent part of the United Reformed Church that was formed by Act of Parliament in 1972. We
are a registered charity in the name of'cheltenham United Reformed Church,, Reg No 1134130.
The individual members of the Church meet four limes per annum and in between management is delegated to the
Minister plus Elders (Trustees) and Officials elected at the annual general meeling. Elders have authority to
prepare reports for and deal with business between Church meeb'ngs.
Recruitmont and appolntment of new trustees
Members become trustees on being appointed and ordained as Elders. Elders serve a three year term and can be
re-elected for a further term, after which a sabbatical of one year must be taken. Officers are appointed by the
Church meeting and re-elected annually.
Selectlon is from discussion amongst existing or retiring officers and approach lo those considered suitable.
Training is available for positions both in situ and by altendance at courses for new Elders, within the West Midlands
Synod.
Trustees and committo•s
Details on Irusleas will be updated after our annual general meeling on 1 June 2025 as there may be changes on
that date. Re-elected refers to someone already an ordain8d elder.
The following committees are responsible for specific elements in the life of the Church: Finance, Premise8 and the
Chellenham Unlted Reformed Church Council.
The Finance Committee has authority from the Church meeting and Elders to decide on finance related matters.
Decisions are reported lo Elders and Church meetings. The Finance Committee is primarily made up of those
involved in running the Church finances but there are representatives from Elders and ordinary Church members as
well.
Related parti•s
The Cheltenham United Reformed Church is a grouping within the United Refomed Church to enable two churches
in Cheltenham and 2 other churches to share pastoral care from one minister. As such all contribute to certain costs
that are shared between the churches, including a weekly newsletter for Ihose attending the churches and certaln
administrative functions.
In 2024 the amounts contribuled totalled £4,380 (2023 - £2.280). This charity is not the beneficial owner of any
items involved so nothing extra is incorporated into these financial statements.
Titles to all churches and one manse in Chellenham are held in the name of the United Reformed Church (West
Midlands) Trust Limited who deal with major repairs and insurance for the manse. We maintain and insure the
churches locally.
Rlsk management
The major financial risk for the Church would be a failure to generate sufficient income to pay for our commitments
to the United Reformed Church Ministry & Mission Fund and the North Cotswolds Pastorate.
As a large proportion of the required incorne is earned from giving by individual members and the tax r8funds that
generates, the Finance Committee monitors the results very closely and reports concerns.
Risks that may relate to the loss or damage to assets are minimised through the use of guideline5 and regular
inspections.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR EJVDED 31 DECEMBER 2024
Statement of trustees. responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statement5 in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales. the Charities Act 2011, Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and
application of resources, including the income and expenditure, of the charity for that period. In preparing those
financial statements, the Iruslee&are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.,
make judgements and eslimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume
charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charity and to enable them to ensure that Ihe financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and Ihe provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities
The truslees, report was approved by the Board of Trustees.
Rev l D McLaren
Trustea
Date..
10-

CHELTENHAM UNITED REFORMED CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHELTENHAM UNITED REFORMED CHURCH
I report to the trustees on my examination of the financial statements of Cheltenham United Reformed Church (Ihe
charity} for the year ended 31 December 2024.
Responslbllities and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity's financial statements carried out under section 145 of the
Charilies Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145{5)(b) of Ihe Charities Act 2011.
Independent examlner's statement
Since Ihe charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed
in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a
member of the Inslilute of Chartered Accountants in England and Wales, which is one of the listed bodie5.
Your attentlon is drawn to the fact that the charity has prepared the financial statements in 8ccordance with the
relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial
statements in accordance with the Financial Reporling Stsndard applicable in the UK and Republic of Ireland {FRS
102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on I
April 2005 which is referred to in the extant regulations but has now been wilhdrawn. l understand that this has
been done in order for the financial stalemenls to provide a true and fair view in accordance with UK Generally
Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connectlon with the
examination giving me cause to believe that in any material respect:
8ccounting records were not kept in respect of the charity a8 required by section 130 of th8 Charities Act 2011 .
the financial statements do nol accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form and content of
financial statements set out in the Charities (Accounls and Reports) Regulations 2008 other than any
requirement Ihat the financial statements give a true and fair view, which is not a matter considered as part of
an independent 8xamination.
I have no con
should be d
wn in this rep
e ¢om8 across no other matlers in connection with the examination lo which attention
in order to enable a proper understanding of the financial statements to be reached.
Cinzia Hensl
BK Plus Limite
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519TX
England
Date..
FCA
11

CHELTENHAM UNITED REFORMED CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted RestTiCted
funds
funds
2024
2024
Total Unrestric18d Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowment5 from:
Donations and legacies
hari
able
Ministry and mission
46,041
19,349
65.390
46.402
14,725
61,127
5.351
111,469
116,820
12,605
12,605
Generating funds
Investments
Other income
4,494
4,494
1,613
74,775
1,264
1,264
1,416
70,744
1.613
74,775
1,416
70.744
Total Income
127,780
135,312
263,092
131,167
15,989
147,156
Expèndlture on:
Ministry and mission
Property
98,727
44,017
5,526
198.637
104,253
242,654
100,474
42,478
7,305
9,999
107,779
52,477
Total charltable
expendlture
142.744
204,163
346,907
142,952
17,304
160,256
Other expenditure
94
94
186
186
Total expenditur•
142.838
204,163
347,001
143,138
17,304
160,442
Nel gainsl{losses) on
investments
18.090
18,090
16,442
16,442
N•t Incomel{expendlture
3,032
(68,851)
(65,819)
4,471
(1,315)
3,156
Transfers be￿een
funds
(54,000)
54,000
Net movement In
funds
(50,968)
(14.851)
(65,819)
4,471
(1.315)
3,156
Reconclliatlon of funds:
Fund balances at 1 January
2024
287,020
35,558
322,578
282,549
36,873
319,422
Fund balances at 31
December 2024
236.052
20,707
256,759
287,020
35,558
322,578
The statement of financial activities includes all gain5 and losses recognised in ihe year. All income and expenditure
derive from continuing activities.
12-

CHELTENHAM UNITED REFORMED CHURCH
STATEMENT OF FINANCIAL POSITION
AS A T 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Investments
14
195,406
242,315
Curr•nt assets
Debtors
Cash at bank and in hand
15
32.744
47.264
15,310
71,145
80,008
86,455
Credltors: amounts falling duo
wlthln on• year
16
{18,655)
(6,192)
Not current assets
61,353
80,263
Total assets loss current Ilabllltlos
256,759
322,578
Tho funds of the charlty
Restricted income funds
Unreslricled funds
17
18
20,707
236,052
35,558
287,020
256,759
322,578
The financial statements were approved by the trustees on ..w..cthk)￿ acas
Rev l D McLaren
Trust••
Mr D Black
Trust••
13-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Basls ol preparatlon
The financial statements have been prepared in accordanc8 With the charily's governing document, Ihe
Charities Act 2011, FRS 102 "The Financial Reporting Standarij applicable in the UK and Republic of Ireland
and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounls in accordance with the Financial Reporting Standard
appllcable in the UK and Republic of Ireland IFRS 102)" The charity is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantsge of the provisions in the SORP for charities not to prepare a statanent of
cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statemenl of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial stalemenls are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accountlng
policies adopted are sel out below.
1.2 Charltable funds
Funds are classified in the manner in which they are generated:
The Gener81 (Unrestricledl Fund deals with funds that can be spent generally for furthering the religious and
charitable work of the Church and Charity.
Deslgnated Funds are funds that have been set aside for specific purposes but which can be returned to the
General Fund at any lime if a Church Meeting so decides.
Restricted Funds are funds who use is restricted according to the terms on which they were received, e.g.
outreach collections for specific causes or the Redevelopmenl Appeal funds.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set oul in the notes to the financial statements.
1.3 Income
Income is included when accounted for i.e. when cash is received or when its receipt is considered certain.
Tax recoveries on Gift Aid income are recognised on being accounted for by the Ghurch.
1.4 Expendltur?
Expenditure is accounted for on an accruals basis and has been classified under headings thal ag9￿gate all
costs related lo the calegory.
Governance costs
These are principally costs paid to third parties for management purposes.
Allocation and apportionment of costs
Support expenditure has been allocated directly to the relevant activity cost category.
Indirect costs, including premises and office costs, have been allocated on the basis of each activity cost in
relation to tolal direct costs.
14-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 DECEMBER 2024
Accounting polici•s
Icontlnued)
1.5 Tanglble flxed assets
The Church buildings, fixtures and filtings, including the organ, are not fully capitalised in the financial
statements as they are considered to be inalienable and historic property and no information as to cost or
market value is readily available.
The capitallsed redevelopmenl fund depreciation commenced at 10% straight line from 2003 and became fully
depreciated in 2012.
Income from donation5 and legacl•s
Unr•strlct•d ReBtrlcl•d
Tolal Vnrestrlctod R•8trlct•d
Total
fund
2024
funds
fund8
2023
fund8
2023
2024
2024
2023
Standing Orders
Other Collections
Outreach Colleclions
Gift aid
Oonalions
Levies
29,030
4,091
590
29,620
4,091
5,528
9,101
12,672
4.380
26,348
6,270
350
26,698
6,270
7,305
10,205
8,069
2,580
5,526
1,186
12,047
7,305
1,132
5,938
7,915
625
4,380
9,073
2,131
2,580
46,041
19,349
65,390
46,402
14,725
61,127
Income from charltable actlvltles
Unr•8trlct•d R•strlct•d
funds
funds
2024
2024
Total UnroStrIct￿ R•8trlcted
funds
funds
2023
2023
Total
2024
2023
Minlstry and mission
Grants
5,351
111,469
116,820
12,605
12,605
15-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable actlvltles
(Continued)
Grants analy515
Mlnlstry and Mlnlstry and
mission
mission
2024
2023
Llsted Places of Worship - VAT grants
URC {We5t Midlands) Trust- Buildings
URC {West Midlands) Trust- ECO
Garfield Weston Foundation
Benefact Trust
Gloucestershire Historic Churches Trust
Bennington Hall Trust
32,629
30,000
22,011
20,000
7,500
4,500
180
12,250
355
116,820
12,605
Incom• from g•n•rating funds
Rostrlct•d Restrlcted
funds
funds
2024
2023
Fundraising events
4,494
1,264
Income from Investments
Unr•$trl¢t•d Unr•$trlct•d
funds
2024
lund8
2023
Deposit account interest
1,613
1,416
16-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
other Income
Total
Total
2024
2023
Hall hiring
Sunday coffee
Church organisations
VAT reclaims
Sundry income
Token income for electricity
Weddings and funera18
72,459
703
67.741
626
115
1,800
194
268
958
655
74,775
70,744
17-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charltable activltles
Mlnlstry Property
and
mlssion
2024
Total
Mlnlstry Property
and
mlsslon
2023
Total
2024
2024
2023
2023
Direct costs
Central maintenance and
ministry
Ministerial expenses
Organist
Christian education
Outreach collections
Church maintenance
OrganlPiano
maintenance
Manse rnainlenance
Restoration consultancy
Other charitable
expenditure
37,980
6,557
3,154
475
8,268
25,6S1
37,980
6,557
3,154
475
6,268
25,651
36,168
5,015
3,240
250
7,685
31,471
36,168
5,015
3,240
250
7,685
31,773
302
1,258
1,258
988
415
5,419
415
5,419
9,999
988
9,999
335
335
81.408
1,258
82.666
89,863
10,301
99,964
Sharo of support and governanc• G05ts (see not• 8)
Support
21,825
241,398
263,221
Governance
1,020
1,020
16,946
1,170
42,176
59,122
1,170
104,253
242,654
346,907
107,779
52,477
160,256
Analysls by fund
Unrestricted funds
Restricted funds
98,727
5,526
44,017
198,637
142,744
204,163
100,474
7,305
42,478
9,999
142,952
17,304
104,253
242,654
346,907
107,779
52,477
160,258
18-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to actlvitles
2024
2023
Premlses costs
Council tax
Insurance
Electricity and gas charges
Water charges
Cleaning and sundries
Spire costs
2,546
9,852
13,877
920
15,556
198,637
1,856
7,950
11,233
569
10,569
9,999
241,388
42,176
Admlnlstratlve costs
Telephone and intemet
Sundries
Bookings officer
Bank and software charges
Finance administrator
Stationery and subscriptions
Adminislr81iv8 expenses
717
1,459
7,945
1,336
7,929
2,090
357
691
3,682
5,790
216
4,381
1,483
703
21,833
18,948
Governance costs
Indep8ndent Examiner Fee
1,020
1,170
1,020
1,170
Totals
264,241
60,292
Ministry and mission
Property
22,845
241,396
18,116
42,176
264,241
60.292
19-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other oxpondlture
Unr•slricted Unrestrl¢t8d
funds
funds
2023
2024
Catering expenses
94
186
10 Trusteos
The Church reimbursed the cost of purchases made by officials and obtained funds arising from the aclivilies
of officials, elders (Trustees) and members of the finance committee. No Trustee received any benefit from
supply of services.
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
11 Employees
The average monthly number of employees during the year was:
2024
Numbor
2023
Number
Employment costs
2024
2023
Wages and 8alaries
2,546
1,856
The total emoluments of employees of the Church were £20,595 (2023.. £16,297).
£6,240 for bookings officer. £3,154 for organist expenses and £11,201 for other staff.
There were no employees whose annual remuneration was more than £60,000.
12 Taxatlon
The charity is exempt from corporation tax on its charitable activitie5. It is not, however, exempt from VAT and
Irrecoverable VAT is included in the costs of those items to which it relates. VAT on building repairs is
reclaimed if eligible as there is a facility for listed places of worship to recover some VAT through a grant
scheme.
-20-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Tanglble flxed assets
Freohold
Property
Cost
At 1 January 2024
182,174
At 31 December 2024
182,174
D•preclatlon and Impalrment
At 1 January 2024
182,174
At 31 December 2024
182,174
Carrylng amount
The insurance valuation of the Church buildings and content5 is £14,583,663 for 2024125. The charity ceased
to be responsible for insuring the Manse as part of a reorganisation of responsibilities between the local
churches and Synod in 2024.
14 Flxed asset Inv•stm•nts
Llsted
Inv•Btments
Cost or valuatlon
At 1 January 2024
Valuation changes
Disposals
242,315
18.091
(65,0001
At 31 December 2024
195,406
CaTrylng amount
At 31 December 2024
195,406
At 31 December 2023
242,315
2024
Investments al fair value comprise:
Valuation in 2018
Valuation in 2019
Valuation in 2Q20
Valuation in 2021
Valuation in 2022
Valuation in 2Q23
Valualion in 2024
Cost
18,366
39,318
16,788
2,292
(40,889)
16,442
(46,909)
190,000
195,406
-21

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Flxed asset invastmonts
{Contlnued)
As at 31 December 2024 the market price for the investments had increased by £18,091 {2023 increased by..
£16,442), The movemenl is disclosed as part of incomelexpenditure from generated funés because the
investments are incorporated al their closing va5ue at the year end. The decreas8 includes sales of
investments, reinvestment of divldends received and management charges.
The Chellenham United Reformed Church has a hol(ling in Stewart Investors Asia Pacific Sustainable Fund
worth about £23K which is all invested outside the UK, another in CT Responsible Global Equity worth nearly
£74K of which only 9% is invested in the UK, and another in Liontrust UK Ethical worth nearly £26K of which
50/y is invested outside the UK. All of these funds were held all of last year although the shareholding in
Liontrust UK reduced in 2024.
15 Debtors
2024
2023
Amounts falllng due wlthln one year:
Oth8r debtors
Glft aid tax recoveries
30,153
2,591
11,668
3,842
32,744
15,310
16 Creditors: amounts falllng due withln one year
2024
2023
Trade creditors
Accruals and deferred income
7,164
11,491
6,192
18,6S5
6,192
17 Restrlcted funds
The restricted funds of the chaiily comprise the unexpended balances of donations and grants held on trusl
subject to specific condilions by donors as to how they may be used.
At1
January
2024
Incoming Resources
resources
expended
Transfers
At31
December
2024
Redevelopment funds
WH Roof Fund
Outreach special funds
15,558
20,000
129.786
(198,637)
54,000
707
20,000
5,526
{5,526)
35,558
135,312
(204,163)
54,000
20,707
-22-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restrlctod funds
(Contlnued)
Prevlous year:
At1
Incomlng Resources
January resources
expended
2023
Transfers
At31
December
2023
Redevelopment funds
WH Roof Fund
Outreach special funds
16.873
20,000
8,684
(9,999)
15,558
20,000
7,305
(7,305)
36,873
15,989
(17,304)
35,558
Redev•lopm•nt funds
Held for major redevelopment Work the balance in this reserve of £707 al 31 D8cember 2024 is being held for
future projects.
OutY•ach sp•¢lal funds
Outreach collections on behalf of other charities.
Rool fund
Held for repairs to the Warden Hill Building Roof- £20,000 as al 31 December 2024.
18 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific condition5 by donors and grantors as to how they may be used. These include
designated funds whlch have been set aside out of unrestricted funds by the trustees for specific purposes,
Incomlng R•sour¢•s
r•sour¢•s
expended
Transfor8
Galns and
At31
losses Decembor
2024
January
2024
Designated
Fund - Property
Maintenance
Designated
Fund- URC in
Cheltenham
General funds
487
5,351
(26.358)
21,000
480
813
285,720
813
234,759
122,429
(116,480)
(75,000)
18,090
287,020
127,780
{142.838)
(54,000)
18,090
236,052
-23-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Unrestri¢t•d funds
(Continued)
Prevlous
year:
At1
January
2023
Incoming Resources
resources
expended
Transfers
Galns and
losses
At31
Docembor
2023
Designated fund
Property
Maintenance
Designated fund
URC in
Cheltenham
General funds
346
14,050
(35,909)
22,000
487
1,793
280,410
(980)
(1C6,249)
813
285,720
117.117
(22,000)
16,442
282,549
131,167
(143,138)
16,442
287,020
Designated reserves for property maintenance are to assist with meeting requirenpnts for
improvements and maintenance to our facilities that arise from time to time.
In addition, there were sundry other designated accounts whose combined residual balances at 31 December
2024 are £813 (2023.. £813).
Tran8f•r$ b•twoen funds
Transfers are made between restricted and unrestricled funds at the end of every accounting period in cases
where..
the activity of the restricted fund has come to an end and there is an unspent balance that is nol
repayable to the funder(s), when the surplus is transferred to unrestricted funds,. or
the restricted fund has commitments and there is little prospect of a sufficiently large surplus in a later
period, so the potential deficit is eliminated by transfer from unrestricted funds.
19 Capltal eommltments
Contracts for restoration work on our spire and associated professional fees wer6 agreed in 2024 for circa
£375.000 including VAT. At 31 December 2024 £220,000 was outstanding. The restoration work is due to be
Gompleled during 2025.
20 Rolated party transactions
The Cheltenham Uniled Reformed Church i(CURC) s part of a pastorate grouping within the United Reformed
Church to enable two churches in Cheltenham and 2 other churches to share pastoral care from one minister.
As such we receive contributions towards certain costs incurred by CURC Ihal are shared between the
churches, including the weekly newsletter for those attending the churches and certain adminislrative
functions.
In 2024 the amounts contributed totalled £4,380 (2023.. £2,580). This charity is not the beneficial owner of any
items involved so nothing is incorporated into these financial statements.
Titles to all three church buildings and one manse in Cheltenham are held in the name ofthe United Refomied
Church {West Midlands) Trust Limited. We maintain and insure them in accordance wilh agreemenls between
us and the Trust Company.
-24-