Charity reglstratlon nurnber 1134130 (England and Walesl
CHELTENHAM UNITED REFORMED CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

CHELTENHAM UNITED REFORMED CHURCH
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrm Dann
Mrs C Drummond
Mrs J Kemp
Mrs A Kerr
Mrs A Lewis
Rev l D McLaren
Mrs A Stagg
Mr D Black
Mrs C A PenniThJlon
Mts J Evans
MT G fizz8id-King
Mrs S Tlzzard.King
(Appointed 1 June 2025)
(Appoinled 1 June 20251
(Appoinled 1 June 20251
Charlty règlstyation
1134130
R•glst8red offlce
Montpellièr Str88t
Cheltonham
GIouc8sl6rshire
GLSO 1SP
Accountants
BK Plus Llmlted
6 Manor Park Business Centie
Mackenzi8 Way
Cheltenham
GloucesteTShlr8
Englanil
GL519TX

CHELTENHAM UNITED REFORMED CHURCH
CONTENTS
Page
TNstees' report
Ind8pend8nt examinevs report
11
Statement of financial a￿￿1t￿o$
12
ststemenl of financlal posltlon
13
Notes lo the fin8ndal Statements
14-24

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees presenl their annual report and financial ststements for the year ended 31 DeCeM￿r 2025.
The finandal slalements have be8n prepared in ac¢ordane6 with the accountlng pollcles set out in noie 1 to the
financial slalemer)ts and comply with the ¢h8riVs governing d￿￿M￿nt, the Charltles Act 2011. FRS 102 'The
Financlal Reporting Standard applicable in the UK and Republic of Ireland. and the Charilles SORP Accounllng
and Reporting by Charftles.. Slalemenl of Recommended Practi￿ applicable lo chgrilies pr8paring Ihelr accounts In
accordance wllh Ihe Financlal Reporting Standard appllcable in Ihe UK and Republic ol Ireland IFRS 1021
Oblectlves and actlvltles
Overvlew
Sl And￿W.$ URC fThe Charlv) and Pre51bury URC. are the constitu&nl parts of Cheltenham Unlled Reformed
Church ICURCI. Bolh churches undertake most activities on their own behall. Sl Andrew's manage the Imarden Hill
church buildlng.
The objecliv8s of (he Charity ale to advanc8 th8 Christlan falth In accordance with the doctrines, principles and
practices of the Reformed Tradition as upheld by th8 Unlled R8forrn8d Church. CURC Is now adminIste￿d as part
ol the 'Pastorale of the North Cotswolds. (St Andrews CheFtenham. Preslbury, Broadway, and Brockworthl under
thè mlnlst8rf81 dSr8cllon ol Rèv laln McLar6n. (and Rev Julie Jefferies at Prestburyl and through the Wesl Midlands
Synod of th8 Unlt8d R8form8d Church. Th8 Ch8rSly's operations are broadly classified as Ministry and Misslon
linduding children and youth workl, Training, Prop8rty and Adminislralive Support.
l assIslan￿ relating to administration of the Charity and supply of support lo membeT8 and adh8r8nls Is by
volunteers. Thls includes a551stance wilh services. oulreach work. publicity, Organising activity groups,
maintenance, and Iinance.
We are an inclusive church that does not 4Jiscriminate agairist people on grou￿$ of g8N18r. r8c8. disability. or
sÈxuality.
Thè agreed Vision Statem8nl' of St Andrews URC, Cheltenham ￿..
'Through Falth, Fellowshlp and Car8 w8 affirm that Jesus15 Lordl.
The Unitgd Reformed Church takes as its guid8 th8 Fiv8 Marks of Mlsslon. 8ecept8d by all thè mainstream
churches in England..
These markers are summarised as Tell, Teach, Tend, Transforni and Treasure,.
Tell Is about pr8s8ntlng th8 Gospel of J8SU8 and the Word of God for the benefit of all who wlll lislen.,
T￿ch is about increasing knowledge and undeTslanding of the Christian faith,.
Tend Is aboLrt our response to the challenge ol caring for others.
Transform Is about our support for 8Xt8rn818g8nclès.
Our Treasure Is in our people. our environment, our listed buildings and our finance,.
Our 5￿cIfiC 8Ctiwtl8s relating to thèse headings during 2025 are reviewed below.
Ensuring delivery of the charity's aims and public beneflt
In planning the charitys activilies for the year, Ihe trustees kept in mind the ChaTty Commlssjon's guidance on
publlc beneflt. Our aims Snclude benefiting the public.
This has been a year of further Consolldatlon In all at88g of work. Communlcalions with our membars continues to
b8 through a weekly emai18d Bullelln, the websltè, and fatte to facè. Llva str88ming fc>r public worship has continued
and developed. This continues to seNe our housebound members and a s16ady SI￿aM of abs6nlees and
enquirers.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Public b8n8ffl
The Iru51ees have paid due regard lo guldance Issued by the Charlly Commlssion in de¢￿Ing what actlvitlés the
charity should undertake.
Achlevements and performance
2025 Actlvltle8, Achlevam8nts and Perfonnance
Tell:
Our MlnSslers, Rev lain McLaren and RÈV Juli8 Jèfleries, vislling minislers. lay preachers and Internal worship
groups have continued to provide Sunday worship, preaching arsd witness both in Iradilional forms and in new
styles. We have welcomed vlsiling speakers. both al zoom meetings and in peison.
We continue to observe the various festivals of the church and have taken part in ecumenlcal aclivlty-
Wo ylrlve lo make vlsltors welcom8 lo our services and n8w paople have become associated wlth our worship over
the year. Membership numbers have drOp￿d dighlly due lo n8tur81 caus6S.
We make regular use of our Live-streaming t8d)nology, broadcasting all Sunday worship on YouTube. We ale also
U3ing'Zoom' for many meetings.
I church business and 8V8nis ar6 controlled by the chU￿h Meeting in conjundion the Elders Meetings.
The weekly emailed 'Bullelin' continuos as the major written communication channel across th8 'North Cotswolds
Pastorate.. The website is now established un(Jer the 'Norlh Coiswolrts Pastorale, banner. 'In fouch'1$ 8 quarterly
publl¢afjon for publiclty purposes.
We have a good workino relatlonshlp wlth.. the Evangelical Assembly of God IADM Cheltenhaml who use St
Andrews premises for their s8NIc8S.
Monthly URC worship services al Warden Hill are now wllhln 'Messy Vintage, meetings The bLJlldlng Is used for
Worshlp on Sundays by the Redeemed Christian Church of God IRCCGI.
Mlsslon with young Children and families lakes the form of 'Famlly Fun Day., one day in each school holiday.
Work wllh the older g8n8ialion Is thrtsugh 'Messy Vintage, and the wdor work of the Anna Chaplalncy in
Chellenham and Bighop's Cleeve.
The Reading Group Is act￿8.
The Spire Fund Appeal has involvod th8 church Retail oullel, a Concert series, goodwill donabons 8nd grants from
many sources.
Bookings for the use of C>ur bvildings have been maintain8d during the year, from hirers across the community.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
T*aeh'.
R8gular Sunday hAoming WDrship provides leaching in the Chri$118n faith for all who wll atlend. Slnce summer 2020
worship al Sl Andrews has been broadcast via YouTube.
Seasonal prayer meetings and 8lb18 Study groups have taken place by Zoom.
Wé hav6 Wayside Pulplts on our publlc noliceboard5 al both sites.
We arrange for thé purchas8 oflhe URC Prayer Handbook. Bible Reading Not8s, and trth￿ URC publications.
Some members are active supporter8 of Street Pastors In Cheltenham and 'Open the Book. _ taklng Bible Storles
into School Assemblies.
Tend..
The Pastoral Committee and Eld8rs coxtlnue to monitor need and offer support of pastoral care. Home Communion
Is normally provided by our Mlnislers, Rov lain M¢Laren and Rev Julie Jefferies. Our Pastoral 18am vlslts those
unable lo be active in the community.
We have responded lo r6qu&sls for B8pllsms. Weddlngs. Funerals and Memorials durlng yéar.
Representatives allend regional and national URC 8V8nts.
We have responded In worship to Nalional Events, tragedies, ECO concems. S&asono1 milesiones. and Christian
Feslivals.
Our Church Safeguarding Officerworks across the Churches ofthe North Cotswotds Paslorat8.
W8 8ncourag6 our community to take advantage of 8xercise opportunlties according to Iheir own preferenc85.
'Footslogg8rs'_ the chuich walklng gioup. and Qi Gong - 98nlle'Eastern' 8Kèrclsa. are well supported.
Transform:
We continue lo support a wlde range of CharltSès'. Intarnational, National and Local.
Durlng 2D25 weekly collections have again supported members, clK>lce of Charity. Special wll8Ctlons
have also supported Christian Aidlcornrnilmenl for Life, and partner Charllles In Keriya and Malawi
Our communlty has also b&6n encouraged to contSnue collecting items for th8 kjcal Food Bank. 8nd
Recycling projects (Vision211.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Treasure,.
Peo
Everyone who comes inlo contact with us is given a friendly welcome and encouraged to be a posiliva member of
the communlly, In whatever way they ￿re lo. We value our members, skills across a wide range of life experience.
Durfng 2025 aur pr8mlses have b88n us8d by ours81vès and ADM Ch81t8nham {Brazlli8n Church) ta br08dcast liv6
stream worshlp. Church soctal Events are bel[￿ ehloyed,
Our premises are used by many groups and individuals from 8cross the local communily.
We employ a part tlme Fin8ncial Adminislr8lor, Booklng Sa¢r$tsry. Cleaners, Gardeners, Organists. and offer
honoraria lo our Caretsker.
Envlronm&nt'.
We alm to continv8 transft>mlng our envlronmanl through our enthuslasbc focus on environmental Issues. We are
worklng towards the A Rocha Gold Award.
We continue to address issues of energy consewaiion. by appropriate heating and lighting controls. We have again
comp￿ted an enèrgy suNey and individual carbon foolprinl surveys. An ECO yearbook has again been compiled.
M6mb6rs have takèn part in th6 nation81 bird walch scham6, No-mow May, and 8vents for the 'Big Green Week..
Bird Feeder8 are in place in the StAndre￿s Ganlen.
W8 have a waste recycling point accessible lo the ￿MMunity for cardboard, paper, plastic, glass, spectacles, bli8ler
packs, stamps, batteries, printer Eariridges, cables, an(J greelings car(Is.
The ReggnerallonlRepair Cafe, lun in parlnarshlp with Vigion 218nd the Univèrsity Ol Clou￿t￿rShir&, continues to
thrive.
Development of part of the church garden Into a themed 'Psalm 23 Garden, continues. It is allracling wlldlil8 and Is
belng supported by th6 local community.
The Warden Hill arwirons have been enhanced wllh a 'Pot Garden,
The bjanse Garden is maintained as an ecD-ftlendly space.
We continue lo woth wlth the local eouncil to minimis& any concerns regarding parking in the local streets or other
community Issues. W8 havè good reFAtionships vAth the local tr*lers. and support Heritage Open Days, and 'Ride
and Slrlde.,
Bulldln
We Ireasure our physlcal envlronment through the presarvallon of St Andrews Ilsted bulldinjs, and Ihe
W8rd8n Hlll Centr8. Both Church buiklings and the Mansè ar8 maintained to a high ECO-Iriendly slalLJS.
The windows at Warden Hill have all been replaced with double glazing.
The major refLJrbishmenVrebuilding ol the Church Spire at St Andrews has been ongoing throughout the
year. This is now Complete, fin8nced by a range of Grants, Events and Donations.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The 2024 report kIent￿e￿ the following objgctÈV8s for 2025 and completed actions are shown In bold..
Church growth
To consolldste our Sunday and Weekday activllies.
To continue lo make n8WCOtners w6lcome arbd feel part of the church wmmtjnity.
Sunday worshlp contlnues to be at 11.00am. We welcome all who will worship wlth us. Somè have
cammitted to regular attendance.
To consolidale our mlsslon opportunities forfamilies and tsld8r peoplè.
To develop our Pastoral Team.
To maintain our cammunlcallons n8tworkg.
The weekly Bullelln has a very wide clrculatlon. Th• W8bslte Is well used.
Community partnèrshlps
To continue hosting th6 monthly Repalr Café on church premis6s.
To continue work towards the A RoGha GOLD ECO Award
To conlinue support of'Her¢lage Open Days..
To ensure Ihal all hirers, aclivltles am compalible with our mlssion and outraach.
To continu8 to work with the Cheltenham Food Bank, Slreel Pastors, Anna Chaplalncy and Open Ihe Book.
To reach out lo the local communlty wlth a range ol ohurch.based aclivilies.
To develop friendship with other ¢hurch8s in th8 community.
Spirituality and Pr8y•r
To maintain h1gh standards of worshlp in the Reformed Tradition under the guld8nce of Rw lain McLaren.
To continue to Use members of our internal Worship Group tu lead worship.
To continue to support our Bible Study Groups, through utstlsing 'zoom'.
To continue developing meaningful co-operation betW8èn the churches meetlng on our premi$8s, and
acro55 Ihe North Cotswolds Pastorate.
Flnance and Property
To ensure that our Unreslrfcled Fund account contlnues lo avold deficits.
To continue to maintain the Church Buildings ISIAndreW$ and Warden Hill) and Manse io a hlgh standard.
To continue the project of developlng the Psalm 23 garden far communlty usè.
To action the rfjstoralion of the 5plie al StAndrew's. Thls has be8n ongolng throughout 2025
To replace windows and doors al Warden Hlll wlth double glazing.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Flnanclal revlèw
The Trustees are responslble for preparing financial statements that give a true and fair view of the state of affslrs ol
(he Church as at the end of Ihe financial period and of the financial activities for that perlod. In preparlng thè
financlal statements they sholtld ensure that they.,
S818cl suitable accountin9 policies and th8n apply them ctsnsistently..
make judgements and e8timales that arg r8880nablg and prudgnl..
state whether the policies adopted are in accordance with the Charitigs SORP and with applicable
accounting sl8ndards, sublact to any material departures dlsclosed and explained in Ihg financial
statem8nls,'
prep3re the financtal slalem8n18 on a going concBin basis unles¥ it Is inappioprfate to presume that the
Church will continue to funcliLIn.
The Trugtees, who meBt most months, ar8 also responsibl8 for maintaining adequaie accounting records to prepar8
financial stateménts that comply with th8 Charitiès Act 20118nd suffici8nt internal contrds lo safeguard the assets
of the Church and to prevent fraud and olher Irregularitl8S.
aur trttasurèr. Donna Sutherland. took ill in late 2024 and dled In June 2025. David Black has ieplaced h8r as
trÉasurar. Rav lain McL8ran as Chair and Mr D S Black. w511 slgn off this annual report. They would like lo thank
members of the finance commille8 for Ih8ir ongoing particlpation and sUPPQrt.
The Church's Income is below the level requiring an audtt by & Reglstered Audllor. Instead. 8 r8vlBw by an
Independenl Examiner is appropriate. The Trustees have appointed BK Plus Llrniled of Cheltenham as Indèp6ndenl
Examlnets. BK Plus Llmlted Is avallable for re-election under the provisions of the Charities Act 2011.
Fundraislng sourcès
The primary source of lut)ds rs from the giving by mernbors and supporters and Ihe r6sultanl Gift Ald lax reclalms
thal arise from that giving. The next major source is hiring of looms when not required for use by the church. These
are often hiring's lo organisations that we wish to assist as part of promoting the relgvance of Chrisl to non-ohLÈrch
service allendees.
There are then a val￿ty of oth8r fvndi8islrvJ acUvll88 Ihat hèlp promote St Andrews and the URC with relevance to
s surro(tnding area and to Cheltenham.
Changas in Gift Aid incom8 tend lo reflect the changes in donations from major regular 8UPPOrters. We arg always
k8en to have rnoro p80pl& Gift Aid to improve our income without il costing supporters, as taxpayers, anything extr8.
To help ensure we rernaln cornpli8nl wllh Gill Aid wles we monltor changes In guidance from HMRC.
Legacies have been very helpful over the last few years in enabllng us lo lund Improvements to out facilitiès and the
continuation olsuch re￿Ip1s, even of small amounts. can assist our future. We dtd recefve two18gacles In 2025.
We continued to fundraisé and obtain grants lowards the cost of our spire restoration project during 2025. Howevar,
we needed io obtaln loans to cA)pe wlth th8 ￿hfloW raquirements as additional costs arose.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Reserves policy
We have general, unreslricled. reseNe5. deslgnated tEserves Iprimar£ly for properly maintenance) and restricted
reserves ￿lating to contributions towards the cost of redevelopment or from outreach collections to 8SSiSt other
charitable activities.
Unreslrlcted funds a￿ needed to cover Ihe support costs for th8 adminlstralve fLJnctions of the Church Icharityl
and the Gosls ol 8UPPOrt to other parts of the United Refomed Church bul may be In deficit if income does nol
exceed eXper￿ltUre on a regular recurring basis over thè y6ars.
We consider that oui unrestricted r858rve8 should be at least six months of unreslriotèd 8xpendlture linaluding
dasignated reserves arid oxpendilurel. Th& financAal support required to complet8 the spire r8Storation project has
r&su118d in our reserves just exceeding this amounl so we need to rebuild our reserves in 2026.
Designatsd reserves for property maintenanc8 are to assist with meeting requirements for improvements and
maintenance to our facilities that 8riS8 from tÈme to lime. This reserve does help towards ensuring that we can
financ8 matlars like hgalillg r8p3irs and replacement entrance doc)rs. Most manse malntenance costs are now
financed by th8 URC West Midlands Trust Limited after 8 r8c8nt ieorganlsallon of responslbililies.
The reslrlcted reserves for r8d8volopmenl also help with funding of other major building works such as thè oroan
and spire reslorafjon. Thoy apso include funds held for special purposes not involving othèr charltles.
Thé other reslrlcled reserves relate to donations received In trust for us lo p8ss ori lo other charikble organisations
such as Commitment for Life and Chrlsllan Md.
statement of Flnanclal Aetlvltlès
The St8lamont of Financlal Activilles is shown on page 14 with a more deta116d snaty81s of Income and exp8nLlilure
on pages 17 10 24.
Comments unde¥ the maln hèadlngs as follows:
Offertory income Irom indivldual members and the ossocialod gift aid tsx reclaim has decreased by around O.54k on
2024 in the main duè to decreased plate collections. Incoming resources Increased to £325.90712024- £263,092).
The main reasons for Incr8ased income were the 2025 receipts from gran15 of £149,789 to assist wlth th8 splre
restoration and thg ECO iMproven￿nts. Resources expended incteased to £494,104 12024 - £347,001) due io
increased maintenance costs, costs on the spire projeot and a full y8ar of all staff. The variation in th8 year-end
investment valuations increased gtsnevdl reserves by £2,386. After transfe¥s of £154,000 to other funds a general
funds loss of £165,227 resulted. This resu118d In an overall loss or £165,811. However, the loss on unrestricted
funds wa5 only £11,227 (surplus of £3.032 in 20241.
W8 h8v8 a pollcy of lrying to conlrtbule more per head to the Untted R8formtsd Chtsrch Mlnlslry and Mission Fund
than the national average as that helps other chuiGhes obtain ministerial pastoral care and it helps Church
headquarters wth ils mission largets. That Is our major recurring expenditur8 heading. The next major group of
costs are those arising from opèraUng prémlses being repalrs, utilities, and cleaning.
The resloralion focus In 2025 has been on progressing th8 splw rèstor8￿on work to 100% completion. Work on the
spire had cc>sts, Including VAT, of circa £63.OOCI outstandlng at the year end.
Grants or £149,788 have been received in 2025. Unfortunately, detailed inspection of Ihe spire stones eady In 2025
identified addlt4onal work r¢qulred. This delayed completion and Increased the costs by over £100,000.
The general expendilure in¢urred has maintained our abS11ty to glve support lo the nalion¥l church and has enabled
U5 to oxpand our outreach, particularly to familles, peoplè wlth disabilities, and older individuals who wlsh lo Join a
wider lellowship. 11 has also helped us give asslstanc8 to oth81 Christian churches by beirKJ able to offer Ihem more
lacilitles for worshlp..

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Balanca Shaet
The effect of having investments has resv1teil iri 2025 in a g&ln of £2,386 in thE value of otsr portfolio12024 galn ol
£18,091 l. However, we did realise £70.000 of investments to help fvnd thg spire restoration projgct.
Debtors include one quarter of Gift Aid tax plus a claim under the loose cash aspect of GiftAid tax regime.
They also include a legacy and the last grant received. Creditors are similar in mix to 2024 other than the significant
Iiicrease in spire related costs as the building work completed so the relention is in accruals.
The overall effect of the aCt￿lty on windows, healing and th8 spire has been a reduction in our ysar end funds from
£256.762 to £90,948.
We do not value the Church bulldlnu due to Its nature and related recommended accounllng practlce, bul we advbse
th8 Insuranc& valLJ8 al note 7. However, Ih8re 8r8 sorne 118ms that W8 dld capltallse 8nd d8pr8clat8 and that Is
8xplalned in note 1. NDlhing was capilalised after 2002 until 2014 artd nothlng has b88n capila14S8d slnca.
Investm&ntpolicy
The objecllves of the Tnjslees, inveslm6nt policy are to maintain adequate liquidity. maintain security of
irEves1rn8Nts. avoid ￿pital losses and have sufficient funds avallable to finance payments a5 they fall due. The
church aims to invest elhically.
Surplus funds during th8 year were invested in a bank interest-bearing accotJnt to obtain the best possible idenlrfied
rate of gross interest and in 8 variety of inveslment funds lo spread our range of risk and investment relum. These
are monitored by our finance committee and arè held in specilically designated Ethical funds wherever possible.
Plans for future periods
Church Growth
To make all newcomers welcome.
To support and exlend our Pastor31 Team.
To consolidate and extend our Mission oppc>rtunities.
To maintsin and extend our communications networks.
Communlty Partner$hlps
To contirTrue working towards A Rocha GOLD Award, through a larg8 range of ECO aclivities.
To conlinue 5UPPOrt of Communily Events.
To ensure all hirers Aclfvilies are compatible with our mi9sion and outma(th.
To continue support of a wld8 rang8 of Local, Natlonal and Int8rn8tional Charitiès.
To continue in friendship with local churches.
Spirituality and Prayer
To maintain a high standard of worshlp In the Reformed Tradition, under the guidance of Rev lain McLaren and the
Internal leadershlp of the Worshlp Group.
To Gonlinue our support, and development of Study Groups.
Flnance and Property
To ensure Ihat our Unrestricted Fund account continues to avoid deficits.
To complete payments lor the Spire rebuilding proj8et and progress r&payment of loans.
To contlnuè to malnt8ln all our buildings to 8 hlgh ECO star￿ard.
To contlnue our hlrlng regimes al both Sl Andrews and Warden Hlll to Ihe benefit of the tocal ¢ommunity.
To improve the gardens al Sl Andrews lo a high ECO St81￿ard, for community use.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Structure, governance and managomont
Trusts dlslllled from the United Rèformed Church Acts11972 and 19811 and Schem of Unlon119721.
Charity constitutlon
The Church Is a consliluenl part of the Uni18d Refotm8d Church Ihst w8s formed by Act of Parliament in 1972. We
are a reglstered charity in the name of 'Cheltenham United R8forrn8d Church,, Reu No 1134130.
The individual m8mbèrs of fh6 Church meet four limes per annum and in beiween management is delegated lo Ihe
Minister plus Elders (Trustees) and Officl8ls eleeted at the annu21 general meellng. Elders have aulhority to
p￿pare reports for and deal with businsss betwaen Church metstlngs.
Recrultment and appolntmtnt of now trustees
Members become Irusloes on boing 8ppointed and ordainEd as Elders. Elders serve a thre8 y8ar tem and can be
re-elected for a further term, aft6r which 8 sabbatical of one yaar must be taken. Officers are appointed by the
Churd) meeling and re*lecled annualty.
Selection Ss from dlscusslon amongst 8xisting or retbring offlcers and approach to thos& consldered suitable.
Training is available for positions both In siiltr by attendance al courses for new Elders, wilhill the W8sI Midlands
Synod.
Trusteos and comMltta•s
Det2118 on IrustÈès will be updated after our annual general me81iNg on 3 May 2028 ag thèrè may bé changes on
that dale. Re-elected refers10 someone alrea(ty an ordained elder.
The follow¢ng committees are responsibl8 for speciflc èlem6nts in the life of the Churd)-. Finance, Premlse5 8nd the
Chollenham Unlled Relornied Church Coundl.
The Financ8 Corllrnitt88 has authority from the Church meeting and Elders lo decide on finance related matlèrs.
DecisH)ns are r8PDrt8d to Elders and Church meetings. The Flnance Committee is primarily made up of those
involved in running the Church finallces bul there are iepresentallves from Elders and ordinary ChLJrth members 8S
well.
Related partles
The Chellenham Unrted Refortned Church is s grouping within the United Reformed Church lo enable two Churches
in Cheltenham and 2 olher church&s to share pastoral care Irom one minislttr. As such all contribute lo certain costs
that are shared between the chu¥ches, including a w88kly n8wslètt8r lor those attending the churches and certain
8dmlnlstrallve functlons.
In 2025 the amoLJhts contributed tot8118d £3.96312024 £4.3801. This charty is not the benefici81 own8r of any
Items involved so nolhlng extr3 Is incorpora19d into these financlal stalements.
Titlos to all churches and one manse in Chellenham ar8 h8ld In the nam8 of th8 United Reformed Church (Wesl
Midlands) Twsl Llmlled who deal with major repairs and Insurancè for thé mansè. We maintain and insure the
churches locally.
Rlsk management
The major financial risk for the Church would be a failurts lo g8nerale sufficient income to pay for our commilrnenls
to th8 Unlt8d Reformed Church Ministry & Misslcpn Fund and the North Colswolds PasloratB.
As a large proportion ol the raquired income Is earned from giving by individual m8mb8rs Ènd the tax refunds that
generates, the Finance Committe? tnoriltois the results very closely and reports conc8m8.
Risk5 that may ielate to the loss or damage to 8ssets ar8 mlnlmls8d thmugh the use of guidelines and ￿gUlar
inspedions.

CHELTENHAM UNITED REFORMED CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Statement of trustees. responsibilities
The l¥uslees are responsib￿ for preparing the Report of th8 Trustees and the fift8ndal stat8menls In aecordanc
with applicabl6 law and United Kingdom Accounting Slandards (United Kingdom Generally Acc8pl8d A¢counlSng
Praetieel.
Th8 18w applic8b18 to charKi8s In England and Wales, the Charlttes Act 2011, Charfly (Accounls and R&ports)
Regulations 2008 and the provisions of Ihp trust deed requlre5 the trvslees to prepare llnancial siatements for each
linancial year which give a true and fair view of tho slalo of affairs of lh6 chailly and ol the incomSng resources Ènd
appllcalion of resources. Includlng the income and expenditure, of the charity for that period. In preparing those
flnancial slalement5, the trustee5 are requlred tts
selocl sui18blg accounting policies and then apply them Ix)nsistentty'
observe the methods and princlple5 In the Charfly SORP.,
ake Judgement5 and estlmates Ihal arè reasonable and prudent.,
repare the financial slalements on the going concern basis unless (t is inappropriate to pr8sumè 1
charlty wlll conllnue in business.
Th8 trustees are responsible lor kegping proper acoountill9 rewrds whiGh disclose with reasonable acEuTacy at any
lim8 the financial position ol the charity and lo enable them to ensure that the financial statements ￿T￿p]Y with Ihè
Charilie5 Aci 2011. thE Charity (Accouiits and Reports) Regulations 2008 and the provisioTlS of the trust de8d. Th8y
are also responslble for saleguarding Ihè assets of the charity and hence for taking reasonable steps for ihe
pr8V8ntlon and d8t8Ctlon of fraud and oth8r Irregul8rili8s
Tha irusiees, repcrtt was approved by the Board of Trustees.
Rev l D McLaren
Tru$tee
Date..
10

CHELTENHAM UNITED REFORMED CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHELTENHAM UNITED REFORMED CHURCH
I report lo the Iru81ees on my examination of the financi81 stBtements tsf Ch81t8nham Unlted Reforrned Church (the
charity) for the year ended 31 December 2025.
Responslbllltles and basls of r8POrt
AS th8 trustees of the charity you are responsibl8 for the preparation of the financial statements in accordance ￿th
the Iequiremenls of ihe ChaTlties A¢1 2017.
report in respect of my examination of Ihe charity's fin8nua1 statÈMÈnts carried out under section 145 of the
Charities Act 2011. In carrying out my 8xamin8lion I have followed the Direct(ons given by the Charlty Commlsslon
under sectlon 14515llbl of the Charilies Aol 2011.
Independent examlnerfs statement
Slnc8 th8 charitls gross income exceeded £250,000. the indapèndènt 8xamln8r must b8 a member of a body listed
In section 145 of the Charities Aci 2011. 1 confirm that l am qualified to L5ndertake the examination because l am a
member of the Insl'tule of Chartered Accountsnls in Englarid and Wales, which Is one of the listed bodies.
Your attention is drawn to the facl that the charity has prepared 1Sn8ncl81 sl8t8m8nls in accordan￿ wlh the
relevant version of the Slalement of Recommended Practice applic8ble lo charities preparing their financlal
slaiements in accordance with Ihe Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 in prelarance to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1
Apr¢1 2005 which is r616rr8d to in the extant regubations but has now been withdrawrh. l urEdersl8nd that thi8 has
been donts in order for the financial statements to provide a true And lalr WEW in 8ccord8nc6 with UK Generally
Accepted Accounling Practice.
I have comp161ed my 8x8mlnalion. I conflrm that no matters have come to my altention In Ix)nnection with the
examlnation gwing mg cause to believe that In any matȥial r&speot'.
accounlinu records wér8 nol k8Pt in respect of the charity as required by section 130 of the Charltias A¢1 2011.
the financial statements do not accord ￿th thos9 records., or
the financial 81alements do not Comply with th6 applicable requlreTMents concerriing the form and content of
financial statements set out in the Charili&s (Accounts and Reports) Regulations 2008 olhor than any
requirement that the financlal ststemtsnts glvo a true and fair view, which is nol a malter considered as part of
an independent Examination.
I have concerns and have come across no other maltars in connecllon ￿th the examination lo which attenllon
should be drawn in this report In order to enab18 a proper unLlerslanding of the financial statem8nts lo b6 réached.
Clnzla Hensley F
8K Plus Limited
6 Manor Paik Buslness Centre
Mackenzle W8y
Cheltenham
Gloucestershire
GL51 9TX
England
Date..

CHELTENHAM UNITED REFORMED CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Unr85trict8d R8strfcted
lunds
funds
2025
2025
Total Unreslricled Restricted
funds
funds
2024
2024
Tolal
2025
2024
Notes
Income and endowménts from:
Donations and legaci8s
aritable acilvities
Mlnislry and mission
46,545
48,888
95,433
46,041
19,349
65,39
1,144
148,645
149,789
5.351
111.469
116.820
Generating funds
Investments
Other income
3,382
3,382
673
76,630
4.494
4,494
1.613
74,775
673
76,630
1,613
74,775
Total income
124,992
200.915
325,907
127,780
135,312
263,(￿2
Expandlture on:
Charitabl8 acllviues
Ministry and mtssion
Prop8rty
76,406
62,019
5.598
349.901
82,004
411.920
98,727
44,017
5,526
198,637
104,253
242,654
Totsl charltsblt
expenditure
138.425
355.499
493.924
142,744
204,163
346,907
Other expenditure
180
180
94
Total expendlture
138.605
355,499
494.104
142,838
204,163
347,001
Net gainslllossesl on
investments
2,386
2,386
18.090
18.09)
Nèt expéndlture
111,2271 1154,5841 (165,811}
3.032
168,8511 165.8191
Transfers beh¥6en
funds
1154,0001
154,000
154.0001
54.000
Net movement In
funds
1165,2271
15841 1165,8111
{50,9681
114.8511
165.8191
Reeon¢lllalltsn of funds".
Fund bal8nc8S at 1 January
2025
236,052
20,707
256,759
287,020
35,558
322,578
Fund balances at 31
Oecambèr 2025
7J,825
20,123
90,948
236,052
20,707
256,759
The statement of financlal actltht18s includ8s all g8Éns and Ioss8$ recognised in the year. All income and expenditure
derive from continuing aCt￿ltIes.
12-

CHELTENHAM UNITED REFORMED CHURCH
STATEMENT OF FINANCIAL POSITION
AS A T 31 DECEM8ER 2025
2025
2024
Notes
Fixed assets
Investments
14
127,792
195.406
Current as8ets
Debtors
Cash at bank and In hand
15
72,609
30,028
32,744
47,264
102.637
80,008
Credltors-. amounts falllng due within
one year
17
194,4811
118,6551
Nat current as$ets
8,156
61,353
Total assets léss currènt Itabllllle$
135,948
256,759
redilor8: amounts falllng due after
more than one year
(45,0001
Nèt aSS8ts
90.948
256,759
The funds ofthe charlty
R8strict8d Income funds
unrestr￿led funds
19
20
20,123
70.825
20,707
236,052
90,948
256,759
The financial stalemen18 Woro approved by thè tiuslees on .
ijc.
Rev l D McLaren
Trustee
Mr D Black
Trustee
13

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng policies
1.1 Basls of preparation
The financial statements have been prepared in accordanc8 With the charivs governing docvment, the
Charities Act 2011, FRS 102 "The Financial Re￿rtlTrg Standard appli¢abl& in the UK and Republic of IrelarKI"
8nd the Charities SORP "Accountlng ar￿ Raporting by Charities.. Slalement of Recornmended Practi
applicable to charities preparing their accounts in accordance with the Financiol Reporting Standard
applicable th8 UK and Republic of Ireland IFRS 1021.. The charity is a Public B8nefit Entlty 8s defined by
FRS 102.
The charity has taken advantage of th6 provisSons in the SORP for charltl8s not to prepare a stalemenl of
cash flows.
The finandal slalements have departed from (he Charities (Accounts and Reports) Regulations 2008 only lo
the extent required to provide a IrLte and lalr view. This departure has Involved following the Statement of
Re¢omrnended Practi￿ for charilB$ applylng FRS 102 rather than the version ol the Ststement of
Recommend8d Practice whlch Is referred lo in th& R8gulatioAs but which has slnce been wilhdravjn.
The financial slalements are prepared in starling, which is the functional currency of Ihe charily. Monetary
amounts these financial ststements are rounded lo the nearest £.
The financial statements have been prepared under tho historical cost convention. The principal accour)Ilng
poliaes adopted are sel out below.
1.2 CharitablÈ funds
Funds are cla5slfied in the mann8r in which thay arè gen6rated'.
The General Iunrestrfctedl Fund deals with funds that can be spenl generalty for furthering the religlous and
charitable work of the Church and Chartiy.
Designated Funds are funds that have been set askje for specjfic purposes bul vA)l¢h can be returned lo the
G8ner81 Fund at any lime il a Church M8eling so decldes.
Reslric(ed Funds are funds wFK)se use is restricied accordlng lo the lemis on which Ihey weie re￿ived, 8.g.
outreach collections for specific caugas or the Redevelopment Appoal funds.
Reslrlcied funi18 are subject to sp8clllc conditions by donoT8 or grantors as to how Ihey may be used. Th8
purposes and uses of th8 reslrict8d funds are sel out in th& notes to financi81 statements.
1.3 Income
Income is included when 8ccounlad for i.e. when cash is rec8lved or whèn its receipt is considered certaln.
Tax rècov8riès on Gift Aid income are reoognis8d on being accounted for by the church.
1.4 Expendlture
Expenditure Is accounl8cI for on an accruals basis and has been cl8ssSfied under headlngs that aggregate all
costs related to the category.
Governance costs
These are piincipally cosls paid to Ihiré parties for management purposes.
Allocatlon and apportlonmgnt of costs
Support expenditure has been 8lloGated dlredy to the relevanl activity co81 Category.
Indirect costs. including premises and offic8 costs, have been allocalgd on Ihe basis ol each actiwly cosl in
Telatlon to total direct costs.
14-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
AGcountlng pollcles
Icontlnuedl
1.5 Tanglble fix8d ass8ts
The Church buSldings, fixtures and fillings, Including the tsrgan, are not fulty capilalised In Ihe financial
slalemenls as they are considered to be inalienable and historic property and no information as to cost or
rnarkel valuo is readlty avallablè.
The capilalised redevaloprnenl fund d$prèciation commenced al 100A straight Iln6 from 2003 and became lully
doprecialed In 2012.
Income from donatlons and legacles
UDre$trlcted
Restrfctatj
Total
Vnre$trlctod
Re51rlctB
Total
Funds
lunds
funds
2024
funds
2024
2025
2025
2025
2024
Standlng Ofders
Other Cdlections
Outreach collectlons
GiftAld
Donatlons
Legacies
Levies
28,030
4.951
2.315
558
5,598
6.203
24.214
10.OOD
30,34S
5,509
5.598
14,804
24,214
11,000
3.963
29.030
4.091
590
29.620
4.091
5,526
9,101
12,672
5.526
1.186
12,047
8,601
7,915
625
1.000
3.963
4.380
4.380
46,545
48,888
95.433
46,041
19,349
65,390
Income from oharliabl& actIvIt￿8
Ut*estrfcted
funds
2025
R8Strfct¢d
Total
Un￿St￿lCt8d
fund5
2024
Restrlctsd
fvnds
2024
Totsl
fund$
2025
2025
2024
Msnlstry and mlsslon
Grants
1.144
148,645
149,789
5,351
111,469
116,B20
15-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
In¢om• from charltable actlvltSo8
Icontlnued)
Grants analysls
Mln15try and Mlnlstry and
mls8ion
mlsslon
2025
2024
List8d Places of Worship- VAT oranls
URC (West Midlands) Trust- Buildings
URC (West Midlands) Trust- ECO
Garfield Weston FoLJnd8tlon
Benefact Trust
Glouces18rshlre Hlstorio Churches Trust
Benninglon Ho11 Tiusl
Congregatlonal & General Charltabla Trusl
Bernard Sunley Foundation
URC Twsl- C8nlral Bulldings Fund
Enovert Trust
URC {Wesl Midlands) Trust- Pulpit suppty
43,942
32,629
30,000
22,011
20.000
7,500
4.500
180
100
25.000
5.000
25,000
50,000
747
149,789
116,820
Income from g¢n¢ratlng funds
Re5trlcted
funds
2025
Restricted
lund5
2024
Fundr8isiThJ events
3,382
4,494
Incom8 from Invastments
Unro8trl¢ted
lunds
2025
Unrestrlcted
funds
2024
Oeposil account interest
673
1.613
16-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
other Incomè
Total
Totsl
2025
2024
Hall hiring
Sunday coffge
VAT r&clalms
Sundry income
Token income for eleclriclty
Weddings and fun8I8ls
74.631
577
11911
958
72.459
703
1.800
194
268
655
76,630
75.424
Expenditure on charitable adivttie5
Mlnlstry and
m5sslon
Propèrty
Total Mlnistry and
mlsslon
Property
Total
2025
2025
2025
2024
2024
2024
Dlreet Costs
Central maintenance and
mlnlslry
Ministerial expenses
Organlsl
Ghrlstlan eduratlon
Outraach collections
Church maintenance
OrganlPiano
maintenance
Manse maintenance
Other charitablo
expendilure
39.878
7.682
3.643
852
6,042
39.878
7,682
3,643
852
6,042
13,578
37,980
6,557
3,154
475
6,268
25,651
37,980
6,557
3,154
476
6,268
25,651
13,578
728
372
728
372
1,258
1,258
988
915
915
335
335
59,012
14,678
73,6
81,408
1,258
82,666
Share of support and govermahce casts18è6 note 8}
Support
21.738
397,242
Governance
1,254
418,980
1,254
21,825
1,020
241.396
263,221
1.020
82.004
411,920
493,924
104,253
242.654
346.907
Anatysls by fund
Unr8slri¢ted fund8
Restricted funds
76,406
5,598
62,019
349,901
138.425
355,499
98.727
5.526
44,017
198,637
142,744
204.163
82,004
411,920
493.924
104.253
242,654
346.907
17-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
SLEPPOrt costs allo¢ated lo aetlvltles
2025
2024
PrÈmlses costs
Co¢Jncil lax
Insurance
Electricity and ga3 charges
Water thargès
Cleaning and sundries
Spira costs
268
10,050
19,944
1,010
16,Q69
349,901
2,546
9,852
13,877
920
15,556
198.637
397,242
241.388
Adminlstratlve costs
Telephone and In18rno1
Sundries
Bookings officer
Bank and software charge5
Flnance administrator
StBtionery and subscrfpllons
Adminlslralive expenses
Spire interest
1,180
228
8,151
750
8.324
2,350
144
611
717
1.459
7,945
1,336
7,929
2,090
357
21,738
21.833
Governancè costs
Independent Exarniner F88
1.254
1,020
1,254
1.020
Totals
420,234
264,241
Ministry and mission
Property
22.992
397.242
22,845
241,396
420.234
264,241
18-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2025
other expendlture
UNe8lrl¢ted
funth
Unre$frlcted
fundts
2025
2024
Catering expenses
94
10 Trustees
The Church relmbursed the cost of pur¢has8s made by offieAats and obtained funds arising from tho octlvltles
of offiolals, elders (Trustees) and members of the ftnance ¢ommlllee. No Trustee received any benefit from
supply of s8rvic8S.
The wlfe of one of the trustees Yecèived ramun6rallon of £6,240 durtng the year. No further b8nèflts wer8
r￿￿ed by Ihe trustees from the charity during th8 y8ar.
11 Employees
The av8r89¢ monthly number of employees durfng th8 y88r was=
2025
Number
2024
Numbor
Employment costs
2025
2024
Wages and salari&s
268
2,546
Th8 lolal emduments of employees of the Church were £21.11812024'. £20,595).
There wor& nc* employees whose annual remungr8tion was more than £60.000.
12 Taxatlon
The charity is exempl from corporation lax on ils charIta￿e actlvlties. It is not, however, exempl from VAT and
irrecoverable VAT is Included In the costs ol Ihose Items lo whlch 11 relates. VAT on bullding repairs is
reclalmed if eligible as ther8 Is a facllily for listed places ol worship lo r6cover some VAT Ihrough a grant
scheme. The charity's ability lo recover VAT through the VAT recovery schome finished in November 2025
when 11 reached the eligibility limit for 2025126 of £25,QOO. The scheme ended at 31 March 2026.
19-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 Tangible flx¢d 0S$•ts
Froehold
Property
Cosl
Al 1 JanL￿ry 2025
182,174
Al 31 Dèc8mb&r 2025
182,174
D•pr•clatlon and Impalrmant
At 1 Janu8ry 2025
182,174
At 31 Decemb8r 2025
182,174
Carryiho amount
Thè Insurance valuation of the Church buildings and contents is £17,025,360 lor 2025126. The ch8rity ceased
to b8 r8sponsible for Insuring the Manse as part of a reorganisalion of responsibllilies between the local
churche5 and Synod In 2024.
14 Flx•d asset Investments
Llsted
Inve8tmentS
Cost or valuatlon
Al 1 January 2025
Vgluation d)anges
Disposals
195,406
2,386
170,0(X)I
Al 31 Decembor 2025
127,792
Carrylng amount
Al 31 December 2025
127,792
Al 31 December 2024
195,406
-20-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
14 Flxed ass9t investments
IContlnued}
2025
Inveslments al falr vafue comprise..
Valuation in 2018
V8lu8lion In 2019
Valuation in 2020
Valuation in 2021
Valuation in 2U22
Valuation in 2023
Valuation in 2024
Valuation 2025
Cost
18,366
3g,318
16,786
2,292
14Q.8891
16,442
146,909}
167,614)
190.000
127.792
As al 31 December 2025 the marf(el prlcè for the investments had increased by £2,38612024 incre850d by,,
£18,091). Th8 movem8nt Ig dlgclosed as part ol incomelexpenditure from generated funds b8c3u89 Ihg
investrnents ar8 incorporated at th8ir c105ing value at the yÈ8r end. The decrease includes sales of
investments, reinveslrnenl of dividend8 ￿ceIVed and managemont ch8rgos.
Tho Cheltenh8m United Relom)ed Church has a holding in Stewart Inveslo¥s Asia Pacific Sustain3ble Fund
worth about £23K whlch is all invesled outslde the UK, another in CT Responsible Global Equity worth near
£74K of which only 9% is invested in the UK. and anolher in Llontrusl UK Ethical worth nearly £26K ol whÉch
5.kn is invested oulsido the UK. All of th8S8 funds w8r8 h81d all of last year although the shareholding in
Lionlrust UK r8duced in 2024.
15 Dèbtors
2025
2024
Amounts falllng due wlthln one year-
oth8r d8btc)rs
Glft aid tax recovefies
69.341
3,268
30,153
2,591
72.609
32,744
16 Loans and ovèrdrafts
2025
2024
Other108ns
63,833
Payable wilhln one year
Payable after one year
18,833
45,000
All loans are repayable within 5 year8.
21

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
17 Creditors.. amounts falllng due wllhln on¢ y•ar
2025
2024
Loan repayments
Tradé creditors
Accruals and deferred income
18.833
65,924
9,724
7,164
11,491
94,481
18,655
IB Cr•dltors'. amoLTrnts falllng dua aftar more than one yèar
2025
2024
Notes
Loarb repaymen18
16
45,000
19 Rastrlctod funds
The reslrthd funds of tha ¢harlly comprlse th8 unoxwnded balances of donations grants held on Irusl
subject to specific conditions by donor8 as lo how they m8y be used.
At l January
2025
Incomlng
rasourctts
Resources
expended
Transfers
At31
December
2025
Red&velopmenl funds
WH Roof Fund
Oulrgach Special Funds
707
20,000
195,317
1349,9011
154,000
123
20.000
5,598
15,5981
20.707
200,915
1355,4991
154,000
20,123
Prèvlous yèar:
At l January
2024
Incomlng
resources
Rasources
expended
Transfers
At31
December
21124
Redevelopment funds
WH Rool Fund
Outreach speclal funds
15,558
20.000
129,786
1198,6371
54,000
707
20,000
5,526
15,5261
35.558
135.312
1204,1e31
54,000
20,707
22-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
19 Restrlctsd funds
IContlnued}
Redevelopment funds
Held for major redevelopment work the balance in this reserve of £123 al 31 December 2025 is being held for
futuie projects.
Oulraach 5P8clal funds
Outreach collecllons on behalf of other charStles.
Roof fund
Hèld for rep8lrs ¢0 th$ Ward&n Hill Bulldlng Roof - £20,JOO as 81310geombar 2025.
20 Unrestrlctod funds
Tho unrestricted funds of the charity comprise the unexpgrKJed balances of don8tions and grallts whiGh ore
not subject to specific conditions by donors and grantors as lo how Ih6y may be used. These include
designaled funds which htiwe been set aside out of u￿restr￿ted funds by the trusteES for specific purposes.
At 1 January
2025
Incomlng
re$ource8
Re8ourc88
exp8n(Jed
Tran3fer8
Galns and
losses
At31
D8cember
2025
Deslgnated
Fund - Property
Maintenance
Designalgd
Fund- URC in
Cheltonham
G¢n¢ral funds
114,3061
14,000
174
813
234,759
813
69,838
124.992
1124,2991
1168.0001
2.386
236,052
124,992
1138,6051
1154,0001
2.388
70.825
Pravlous ya#r:
At 1 January
2024
Incomlng
resources
Rèsoureès
expended
Tr4nsf&rs
G#lns and
losses
At31
Decembèr
2024
Designated
Fund - PIop8rty
hAalnt8nance
Deslgnated
Fund- URC In
Chellenham
Gentsr81 funds
487
5,351
126,3581
21,000
480
813
285.720
813
234,759
122.429
1116.480)
175,0001
18.090
287.020
127.780
1142,838)
(54,0001
18,090
236,052
-23-

CHELTENHAM UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20 Unmstrletèd funds
IContinuèd}
Designated TeseNes for property maintenance are to assisl wth me8ting requirements for
imwovements and maintenance to our facilities that Brise from time lo time.
In addition, there weie sundry other deslgn8ted a￿u￿ts whose combbned resklual balances a131 December
2025 are £81312024.. £8131.
Transfers b&￿en funds
Transfèrs are madè bèlw88n r8Strlcl8d and unrèstrlcted fLÈnds at Ihg 8nd of 8V8ry accoimliTrJ p8ri0d In cas88
whère..
the aclivity of the reslricled fund has come to an end and there is an unspent balance thal is not
repayable to the funderlsl. when Ihe surplus is transferred to unrestricted funds., or
the reslricled fund has commSlmenls and Ih8re is little prospect of 8 sufficI6nlly large surplus in 81816r
perlod, so tho polonli31 deficit is eliminated by transfer from unreslricled funds.
21 Capitsl cornmltmgnt
Contracts for restoration work on our spwe and associated professional fees were agreed in 2024 lor circa
£375,000 including VAT. At 31 December 2025 £63.081 was outstanding. Thè restorallon work Is due to be
completed during 2028.
22 Related party transactbons
The Cheltenham United Reformed Churd) ilCURC} s pèrt of a pastoratè grouping within th8 United R8fortHgd
Church to enable Iwo churches in Cheltenh&m and 2 olh8r church8s lo share p3stor31 care frorn one minist8r.
As such we receiva contributions towards certain costs inoijrred by GURC that are shared between the
churches, Induding the weokly newsletter for those atlanding the churches and certain administrative
functions.
In 2025 the amounts ex)ntrlbut@d totalled £3.96312024: £4,380). Thls charlty Is nol th8 b8n8flual own8r of any
items Involvèd 80 nothlng Is incorporated into these financlal statements.
ri118S to all three church buildings and one manse In Cheltenham are held in the name of the United Reformed
Church (Wesl Midlands) Trust LSmited. We malnlaln and Insure Ihem in accordance wlth agreements bètween
us and the Trust Company.
-24-