ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
Registered Charity No.: 1134905
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
F(r6 7AL

St Andrew's Cheam
United Reformed Church Charity
Trustees, annual report
for the year ended 31 December 2024
Introduction
This report is produced in conformance with requirements of FRS 102 and the Statement of
Recommended Practice (FRS 102) issued by the Charities Commission.
Objectives and Activities
Objective
st Andrew's Cheam United Reformed Church Charity (hereafter simply called the "Charity")
is an unincorporated charity. Its aim is the advancement of the Christian faith for the benefit
of the public in accordance with the Scheme of Union of the United Reformed Church.
In pursuing this objective, the trustees of the Charity have paid due regard to the Charity
Commission's guidelines on public benefit.
Aims and Activities
The aims of the Charity are summarised in the mission statement of the Church, namely to
know Christ and to make Christ known" The activities of the Charity are manifested in the
activities of the St Andrew's Cheam United Reformed Church (hereafter simply called "the
Church").
One aim is to provide ongoing local support and resources for those who wish to deepen
their understanding and practice of the Christian faith and live according to Christian
principles. Broadlyi activities devoted to that aim include:
Providing regular services for Christian worship and personal Christian development
for adults, children and young people. and
Encouraging and facilitating Christian fellowship amongst Church members,
adherents and friends.
Providing funds to the central administration of the United Reformed Church for the
training and financing of ministers.
A second aim is to advance the Christian faith by pmviding funds to support Christian
charities and missionaries which or who have a geographical remit wider that of the local
area served by the Church.
A third aim of the Charity is to provide facilities to serve the local community in various
ways consistent with the Charity's overall objective described above. Activities devoted to
that aim include:

Providing facilities and support for Church-associated local youth uniformed
organisations such as Rainbows, Brownies, Beavers, Cubs and Scouts
Making available a preschool for the local community.
Making available facilities for local community organisations.
Arranging community gatherings to celebrate events of national significance.
Achievement of the above aims requires suitable premises, and the Charity is responsible for
the upkeep of the Church, three halls and associated premises, and of the residence for the
Minister. The Minister is the Rev. Craig Bowman, who shares his ministry equally between
Wallington URC and St Andrew's.
During the year the following specific activities were undertaken pursuant to the above
described aims of the Charity:
The elders and others continued to consider initiatives relating to the Whole Life
Discipleship programme developed by the London Institute for Contemporary
Christianity. Pursuant to that programme, the monthly initiative called "this time
tomorrow
continued during the year. In those sessions, a member of the
congregation is asked to describe what they will be doing tomorrow, what challenges
and joys the day will bring to them, and how the congregation can support them in
prayer. The objective is to remind ourselves that we are followers of Christ every day
throughout our lives, and we carry our Christian beliefs and principles into the world
whatever our personal circumstances may be. During the year a pamphlet
summarising the main messages of the programme, was produced and distributed to
members, adherents and friends of the church.
In addition to regular chLJrch services and other gatherings, including Christmas and
Easter services, parade services and barbecues for the uniformed organisations
associated with St Andrew's and the Remembrance Day service, other events during
the year included:
A Lent course Christ and the Chocolaterie" led by our minister centred around the
film "Chocolat".
An Easter toddler's service for the under 5s.
A regular social meeting "Tea Laughter and Companionship".
A Greek-themed Holiday at Home event.
The annual church picnic in the manse garden.
A popular and well attended Holiday Club for young people, held over one week in
August, on the theme of "An Adventure Cruise"
Visits to the church by pupils from a local primary school to hear and ask questions
about Christian faith.
Visits to the Jesmond Care home to share Christian fellowship with residents.
A stall at the local Belmont Festival.
A harvest service, with food donations given to the Sutton Food Bank.
A teenage social pizza night.
Production of an Advent booklet based on St John's gospel, with contribution from
members of the St Andrews and Wallington congregations, and from South London
Tamil church.
As noted elsewhere in this report the Church has active Mission partnerships with
individuals and organisations locally and overseas, with regular communications and
visits from those we support in prayer and financially.
The Church also continues actively to seek to encourage and stimulate the prayer life
of our members and sees tangible signs of that strengthening in the life of the
Church.

The p￿-school owned by the Church operated throughout the year at or near
maximum capacity,
other events of note during the year:
During the year we welcomed our new music director Barbara Wadley.
During the year work on our new website and online duties calendar for office holders
and volunteers was completed and are now operational.
The Church had previously been assessed by Synod as entitled to a 750/0 ministry.
For the past few years our minister, Revd. Craig Bowman, has shared his ministry
with St Andrew's and Wallington URC on a 50.50 basis.
The remaining 250/0
ministerial vacancy at St Andrew's has remained open. During the year potential
candidates for that role were identified and it is hoped that one of those candidates
will be willing and able to take up that role during 2025.
With prayer for God's guidance, the Minister and elders of the Church have again tried to
respond as well as possible to its mission statement "To Know Christ and to Make Christ
Known
and they sincerely thank all the many volunteers who gave their time and talents
to maintain the work of the Church, and the members friends and adherents who continued
to worship and promote fellowship during the year. The Charity intends to try to continue its
activities reported above into the future, but ￿CogniseS that there are limits to what can be
achieved given its financial and limited volunteer and staffing resources.
Financial Review
Overview and Policies
At the start of the year, the Charity's cash and securities assets consisted of bank deposits,
and COIF Charities Investment Ethical Fund units. The trustees, long-term objective is to
seek a balance between low-risk bank accounts and higher but still moderate risk dividend-
distributing collettive security investments.
The Charity is fortunate to have received, over the years, a number of financial gifts which
are associated with specific purposes. Those purposes are described more fully in Note 19
to the accounts. About 46 % of the Charity's funds are held in restricted and endowment
funds, which do not allow access to those monies except for the specific purposes for which
they were given. Unrestricted funds amount to the equivalent of about double a year's
normal expenditure.
The Charity's income from regular congregational giving, small donations, and income from
hall letting are allocated to an unrestricted General Fund. Normal running and maintenance
costs and the annual contribution to the URC'S Ministry and Mission Fund a￿ paid out of this
Fund.
Occasional larger legacies and donations are not normally regarded as part of regular
income and are allocated to a designated Special Purposes Fund, which constitutes the
Charity's general reserves. Allocations to that fund are allowed to accumulate until such
time as the trustees, after consultation with Church Meetingi decide to apply them to special
projects consistent with the Charity's objectives. The Special Purposes Fund is regarded as
available, if necessary, to cover unexpected and emergency running and maintenance costs
if the General Fund should ever fall to an unacceptably low level, currently considered to be
six months estimated average running and maintenance costs.
Expenditure on the routine upkeep of the Church, three halls and associated premises, and
of the residence for the Minister varies from year to year and the trustees feel it prudent to
aim to hold in the General and Special Purposes Fund at least one year's estimated average
expenditure on such maintenance. In addition, the Special Purposes Fund reserves are
maintained to maintain cash flow for regular expenditure against fluctuations in its income.

The Charity's properties date from the 1920's and the trustees and Church Meeting have
recognised that work outwith normal routine maintenance is occasionally required to bring
them up to modern standards. The designated Special Purposes Fund holds provision for
such anticipated upgrades.
Donations received by the Church which are specifically stated to be used in pursuance of
specific mission and charitable purposes are allocated to a restricted Mission Fund or a
restricted Charitable Fund. Some donations are paid out from those Funds to other charities
which are able to apply funds to activities covered by those specific charitable purposes
which are within the Church's objectives.
During the year the Charity supported:
a missionary family working with Mission Aviation Fellowship
operator,
a local charity (Sutton Schools Work) which carries out mission work locally in Sutton
schools to help students understand and explore Christianity and to develop
spiritually, morally and sociallyi
a missionary working for Wycliffe Bible Translators, which provides bibles to
Christians worldwide in their native language.
the following national charities: Christian Aid, The Trussell Trust, Christians against
Poverty and Water Aid.
a humanitarian air
The Charity also receives income from a separate charity, namely St. Andrews Benevolent
Fund, registered number 236198. The Charity disburses such income in accordance with the
fund's Governing Document, which provides for support of old people in need, for example
to organisations which provide care for such people.
A full list of the various Funds operated by the Charityi and of the sums held in each Fund
appears in the Notes to the Accounts. The assets of those funds are mainly cash and
securities, except for the parcel of land allocated to the Investments Fund.
Financial Summar
2024
During 2024 the Charity received the bulk of its income in offerings by members, adherents
and friends of the Church, legacies, and hall lettings to organisations and members of the
local community. We were particularly fortunate to receive a very large legacy of £371,644
from a loyal and longstanding member of the Church.
The two largest expense items this year were an energy cost of £77,818 and our annual
Ministry and Mission contribution to Synod of £71,133. The impact of the energy cost was
mitigated by a one-off donation by Jelly Beans pre-school to the energy fund totalling
£53,725. Fortunately, at the end of the year we were able to sign a new 2-year energy
supply contract which should result in significantly lower energy costs in 2025 and 2026.
Jelly Beans pre-school is likely to incur recruitment costs next year, and provided £20,000 to
the Church as provision for those expected costs. That sum was allocated to a designated
Recruitment fund.
Income in 2024 exceeded expenditure by £393,655, and total financial assets rose from
£994,554 to £1,399,677. However, income was boosted by three exceptional items, namely
the large legacy, the one-off donation from Jelly Beans and the provision for recruitment
also from Jelly Beans. Those exceptional items should perhaps be discounted to give a more
realistic view of normal" income in 2024, and on that basis, expenditure would have
exceeded'normal" income by £51,714.
At year-end 2024 the Charity held £672,278 in cash, deposited in two bank accounts, one
being an interest-bearing savings account, the other a current account. The trustees

consider that those cash holdings exceed what is required to maintain a safe cash flow to
fund the Charity's activities and intend during 2025 to reallocate at least one half of the cash
total to dividend-yielding collective securities. Since 2022 the Charity has held COIF
Charities Ethical Investment Fund Income Units valued at £684,406 at year end 2024. Those
securities have met the trustees, investment objectives
providing a regular dividend,
maintaining a reasonably stable market value, and avoiding investment in businesses which
are considered to be inconsistent with the Charity's Christian values. The trustees believe
that their long-term objective of seeking a balance between low-risk bank accounts and
higher but still moderate risk dividend-distributing collective security investments has been
met during 2024.
Full financial details are shown in the Statement of Financial Activities.
The trustees of the Charity consider that the funds of the Church are adequate to fulfil its
charitable obligations. The trustees are aware of no major risks which threaten the
continued operation of the Charity.
Structure, Governance and Management
The Charity's Governing Document is dated September 2009, according to which the Charity
comprises all assets and funds held by and on behalf of St Andrew's Cheam United
Reformed Church other than the properties held under the trusts declared in Schedule 2 of
the United Reformed Church Acts 1972, 1981 and 2000 and those held on other specifically
declared trusts.
The trustees of the Charity are collectively those members of the Elders, Meeting of the
Church who have agreed to serve in that capacity and are qualified to serve as Charity
trustees, with the exception of any who have chosen not to serve as trustees.
There are no restrictions in the Governing Document to the trustees, powers to make
investments.
The Church is a local church in the Southern Synod of the United Reformed Church. The
Church is governed by Church Meeting, whose procedures are in conformity with the
Scheme of Union of the United Reformed Church, at which all full members of the
congregation may vote. The trustees of the Charity are responsible for the appointment of
new trustees, and the stewardship and administration of the Charity's assets and funds, but
in doing so they are guided by Church Meeting. However, the trustees of the Charity have
the power to override any decision of Church Meeting which contravenes their obligations as
Charity trustees. A management committee reports to the trustees and to the Church
meetingi and is responsible making recommendations concerning expenditure, the
maintenance of the Church and properties owned by the Charityi and the setting of policies
of the Charity, for example health and safety, safeguarding, and data protection policies. At
the date of this report, membership of the management committee consists of the minister
(Revd. Craig Bowman), the Church secretary (Nigel Dickinson trustee), the treasurer (Alan
Walls
trustee), two other trustees (Betty Ntow-Aninkora and Julie Jamgotchian) and the
office manager (Christy Perry).
Reference and Administrative Details
The name of the Charity is St Andrew's Cheam United Reformed Church Charity. The
Church is a local church of The United Reformed Church (the URC). The Church was
founded on 25 January 1924 as part of the Presbyterian Church of England, which merged
with other denominations on 5 October 1972 to form the URC, which has its own
constitution and rules. The Church is governed according to procedures laid down in its
formal governing document.

The Charity registered with the Charity Commission on 12 March 2010 with number
1134905, the Church having previously held excepted charity status under the Charities
(Exception from Registration) Regulations 1996.
The principal office of the Charity is at..
Northey Avenue,
Cheam,
Sutton SM2 7HF
The Trustees who served as a Trustee during the year and to the date of approval of this
report were:
Craig Bowman
Alan Walls
Maggie Macdonald
Nigel Macdonald
Jenni Dickinson (from 23/3/25)
Nigel Dickinson
Janette Walls
Sophie Easton
Pheonah Musi51
lan Philippe (from 23/3/25)
Betty Ntow-Aninkora
Rosemairi Evison
Heather Saint
Julie Jamgotchian
Elders are nominated by the minister and Elders, Meeting to Church Meeting, which then
decides whether to confirm the appointments. If so confirmed, Elders serve for three years
and may be re-appointed once. Before appointment, Elders are required to familiarise
themselves with the guidance issued by The United Reformed Church, particularly the
document "Guidelines on Conduct and Behaviour for Elders" (htt
urc.or
urc-
ministries
uidelines-on-conduct-and-behaviour-for-
Iders
The Trustees of the Charity
comprise the serving Elders with the exception of any who have chosen not to serve as
trustees.
No other bodies are entitled to appoint Trustees.
Nigel Dickinson and Nigel Macdonald, as current Trustees of the Charity, hold equally all the
shares in Jelly Beans Preschool Limited in trust on behalf of the Charity.
The Charity is the beneficial owner of land near the Church and used by the former St
Andrew's Tennis Club. Title is held by a Trust with Trustees who are present Trustees of the
Charity.
Relationships with related parties
The Trustees have taken notice of the requirements regarding related party transactions and
have disclosed any such transactions which are material in the Notes to the Statement of
Fi nancial Activities.
In the pursuit of its objective the Charity collaborates from time to time with other charities,
including those associated with other churches of the United Reformed Church (he￿after
abbreviated to URC") and other Christian churches, and from time to time makes donations
to other charities whose objectives fall within those of the Charity.
Trustees, responsibilities statement
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Prattice).

The law applicable to charities in England & Wales requires the Trustee5 to prepare financial
statements for each financial year which glve a true and fair view of the state of affairs of
the Charity and of the Incoming resources and application of resource5 Of the Charity for
that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them con515tently-
observe the methods and principles in Charities SORP 2019 (FRS 102),.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed.
prepare the financial statements on the going concern basis unless It Is inappropriate to
presume that the Charity will continue in operation.
The Trustee5 are respon51ble for keeplng adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the Charity and enable them to
ensure that the financial statemerits comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provision5 of the Trust's governing
document. 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.
Relevant organisations or persons
The Charity's bankers are..
Barclays Bank plc
43 High Street
Sutton SMI IDR
The Charity has investment accounts with
CCL4 Fund Managers Ltd
Senator House
85 Queen Virtorla Street
L(Indon EC4V 4ET
The Charity's independent examiner is..
Kevin Flsher FCA
'/. Kingston Burrowes Audlt Ltd
308 Ewell Road
Sijrbiton
SLirrey, KT6 7AL
Approved by Trustees on
signed on their behalf by:
Nigel Dickins
Trustee
Alan Walls
Trustee

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31
December 2024 which are set out on pages 9 to 20.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5)(b) of the Act.
Independent examlnerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member
of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Kevin Fisher FCA
c/0 Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL
18" September 2025

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
Restricled Endowment
fL¢nds
funds
Total
2024
Total
2023
Notes
Incom• and endowments from:
Donations and legacies
Charitable activities
Letting Church and Halls and
reimbursed costs
Investments
525,547
3,431
1,929
527,476
3,431
111,823
6,512
180,944
49,106
180,944
51,348
155,252
54,338
2,242
Total income
759,028
4,171
763,199
327,925
Expenditure on=
Raising funds
Charitable activities
Other- legal fees
4,730
348,326
8,144
4,730
356,670
8,144
6,752
346.140
6,395
8,344
361,200
8,344
369,544
359.287
Net gains on investments
15
11,468
11,468
37.374
Net incomel(expenditure)
409,296
{4,173}
405,123
6,012
Transfers between funds
19
(17.086)
14,555
2,531
Net movement in funds
392,210
10,382
2,531
405,123
6,012
Reconciliation of funds
Total ￿ndS brought foward
19
366.716
510,368
117.470
994,554
988.542
Total funds carried forNard
19
758.926
520,750
120.001 1,399,677
994.554
All income and expenditure derive from continuing activities.
The Statement of Financial Activities include all gains and losses recognised during the year.
The notes form part of these financial statements.

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
BALANCE SHEET
AT 31 DECEMBER 2024
Note
2024
2023
FIXED ASSETS
Tangible fixod assets
Investments
14
15
1,246
684,406
1,558
672,938
685,652
674,496
CURRENT ASSETS
Debtors
Cash at bank and in hand
16
51,290
672,278
55,919
286.251
723,568
342,170
LIABILITIES
Creditors,. Amounts falling due
within one year
17
9,543
22,112
NET CURRENT ASSETS
714,025
320.058
TOTAL NET ASSETS
20
£1,399,677
£994.554
FUNDS
Unrestric16d funds: General
Designated
19
19
19
19
175.285
583,641
520,750
120,001
178.768
187.948
510.368
117,470
Restricted funds
Endowment funds
19
£1,399,677
£994.554
Approved by the Board of Trustees on
IfjL 5l+thrttrJ￿ 10£5
and signed on its behalf by..
Ni6yel Dic
-Trustee
snn
fvl)Jo
Alan Walls
-Truslee
The notes form part of these financial stalemenls
10

ST ANDREWS CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
a) Basis of
re
aration
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in
October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102). the Charities Act 2011 and the UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concem basis and are initially recognised at
historical cost convention, modified to include certain items at fair value unless otherwise stated in
the relevant accounting policy note.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
b} Incomin
reco
nition
olicies
Items of income are recognised and included in the accounts when all of the following criteria are
met:
The charity has entillement to the funds.
any performance conditions attached lo the item{s} of income have been met or are fully within
the control of the charity.
there is sufficient certainty that receipt of the income is considered probable" and
Ihe amount can be measured reliably.
c) Ex enditure reco
nition
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third paty, it is probable that settlement will be required, and the amount of the obligation can be
measured reliably.
Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It
also includes indirect costs. including g0Veman￿ costs Ihat do not relate to a specific activity but are
necessary to support those activities. Support costs are allocated on the basis of staff time.
ible fixed assets
Tangible fixed assets costing more than £500 are capitalised. Depreciation is provided to write off
the cost of each asset over its estimated useful life at the following annual rates=
Office equipment
Plant and machinery
Church and hall equipment
200/0 Straight line
20°/0 Straight line
20 % Reducing balance
Thè trustees of the church and manse buildings are the Trustees of the URC Southem Synod Trust
who hold them upon trust for purposes connected with St Andrew's URC Cheam. Accordingly,
neither the church nor manse buildings are recognised as assets in these financial statements.
e) Investments
Unlisted investments are initially recognised. and are subsequently stated, at cost.
Investment properties are initially recognised at cost or. in the case of donated assets, the market
value of the gift in kind. At the end of each accounting period investment properties are restated at
market value and any gain or loss is reported in the Statement of Financial Activities. No depreciation
is provided on investment properties.

ST ANDREWS CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
ACCOUNTING POLICIES (continued)
Leases
Operating lease rentals are charged to Ihe Statement of Financial Activities on a straight-line basis
over the period of the lease.
g)
Pension Costs
The charity operates a defined contribution pension scheme for the benefit of its employees.
Contributions are charged to the Statement of Financial Activities in the year to which they relate.
h)
Fund accountin
Unrestricted funds are available for use at the discretion of the truslees in furtherance of the
general objectives of the charity and which have not been designated for specific purposes.
Designated funds are unrestricted funds set aside by the trustees for specific purposes.
Restricted funds are those funds which can only be used in accordance with Ihe specified wishes of
the donor, or which have been raised for particular purposes.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairments are recognised in expenditure.
INCOME FROM DONATIONS
AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Total
2024
Totsl
2023
Donations
Grants
Legacies
Gifts and Gift Aid tax recovery
136.618
1,929
138,547
82,376
2,547
1,000
25,900
371.644
17,285
371.644
17.285
£525,547
£1,929
£527.476 £111,823
Of the £111,823 recognised in 2023, £108,979 was unrestricted funds and £2.844 was restricted
funds.
INCOME FROM CHARITABLE
ACTIVITIES
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Church activities
3,431
3,431
6.512
£3,431
£Nil
£3,431
£6,512
All of the £6.512 recognised in 2023 related to unrestricted funds.
12

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
LETTING CHURCH AND HALLS AND
REIMBURSED COSTS
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Church and Hall lettings
Reimbursed shared costs
Income from social
177,022
2,980
942
177,022
2,980
942
152,267
2,985
£180.944
£Nil
£180,944 £155,252
All of the £155.252 recognised in 2023 related to unrestricted funds.
INVESTMENT INCOME
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Rent re￿1vable
Bank interest
Dividends
30,493
6,437
12.176
30,493
6,437
14,418
37,627
2,537
14,174
2,242
£49,106
£2,242
£51,348
£54,338
Of the £54,338 recognised in 2023, £52,117 was unrestricted funds and £2,221 was restricted
funds.
COST OF RAISING FUNDS
Direct
Costs
Support
Costs
Total
2024
Total
2023
Property running costs
£4,730
£Nil
£4,730
£6,752
All of the £4.730 recognised in 2024 <2023: £6.752) was charged to unrestricted funds.
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Direct
costs
Grant funding
of activities
Support
cost
Total
2024
Total
2023
Church activities
£140,902
£12.606
£203,162
£356,670 £346.140
Of the £356,670 expenditure recognised in 2024 (2023.. £346,140), £348,326 {2023: £337,052) was
charged to unrestricted funds and £8,34412023'. £9,088) was charged to restricted funds.
13

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
GRANT FUNDING OF ACTIVITIES
2024
2023
Supporting sponsored missionariès
Sutton Schools Work
Mission Aviation Fellowship
WycSiffe Bible Translators
Charitable fund disbursements
Charitable donations from General Fund
Christian Aid
The Trussell Trust
Christians Against Poverty
WaterAid
Others
2,500
2,500
2,500
1,331
2,500
2,500
2,500
1,588
1,000
1,000
1,000
1,000
1,000
23
1,000
1,000
775
£12,606
£13,111
DIRECT COSTS
Raising
Funds
Charitable
Activities
2024
2023
Ministry and mission
Staff costs
Teaching and worship
Outreach
Ministerial costs
Property maintenance and management
71,133
50.078
6.845
7.816
5.030
71,133
50,078
6,845
7,816
5,030
4,730
68,290
48,439
4,934
11,790
7,395
6.752
4,730
£4,730
£140.902
£145.632 £147.600
10. SUPPORT COSTS
2024
2023
Church office
Church and Halls maintenance and rnanagement
Staff costs
Governance costs (see Note 11 >
7,563
138,813
54,251
2,535
5,428
132,078
52,475
2,200
£203,162 £192,181
11, GOVERNANCE COSTS
2024
2023
Independent examiner's fees
£2,535
£2,200
14

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
12. STAFF COSTS
2024
2023
Salaries and wages
Social security costs
Pension costs
99,393
2,145
2,791
96,906
1.365
2,643
£104,329 £100,914
No employee re￿iVed total employee benefits (excluding employer pension costs) of more than
£60,000 per annum (2023: Nil).
The average number of employees during th6 year was 6 (2023.. 6).
No remuneration was paid in the year, or previous year, to key management.
13. TRUSTEES, REMUNERATION AND EXPENSES
The trustees received no remuneration or reimbursed expenses during the year (2023.. £Nil).
The total amount of donations received without conditions from truslees during the year was
£21.140 {2023: £19.480).
14. TANGIBLE FIXED ASSETS
Church and
Hall
equipment
Jelly Beans
Preschool
equipment
Office
equipment
Total
At 1 January 2024
Additions
47,018
10,000
1,439
58.457
At 31 December 2024
47,018
10,000
1,439
58,457
Depreciation
At 1 January 2024
Charge for the year
45,460
312
10,000
1,439
56,899
312
At 31 December 2024
45,772
10,000
1,439
57,211
Nel Book ValLte
At 31 December 2024
£1,246
£Nil
£Nil
£1,246
At 31 December 2023
£1,558
£Nil
£Nil
£1,558
15

ST ANDREWS CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
15. FIXED ASSET INVESTMENTS
Listed
Investments
Unlisted
Investments
Investment
Property
Total
Cosumarket value at 1 January 2024
Additions at cost
Disposals
Net unrealised revaluation gainsl(losses)
£417,895
£100
£254,943 £672,938
11,468
11,468
Cosumarket value at 31 December 2024
£429,363
£100
£254,943 £684,406
Historical cost at 31 December 2024
£398,892
£100
£254,943 £653,935
Historical costs at 31 December 2023
£398,892
£100
£254,943 £653,935
2024
2023
Analysis of investm•nt gainsl(losses)
Unrealised g8insl(losses)
Realised gainsl(losses)
11,468
37,374
£11,468
£37,374
Unlisted investments represent 100% of the Ordinary Share Capital of Jelly Beans Preschool
Limited, a company registered in the UK. The shares are held in trust equally by Nigel Macdonald
(Trustee) and Nigel Dickinson (Trustee) on behalf of the Church.
The investment property is land gifted to the church which currently lies dormant and undeveloped.
Its intrinsic value will not become apparent until such time as it is sold or otherwise put to use.
Since no sale date or terms have been fixed, and no decision has been made conceming its use,
its current vale is inevitsbly subjective and uncertain. There has been no change in the
circumstances of the property since it was gifted. Therefore, the trustees consider it reasonable to
continue to value it as it was valued by the parties at the time of the gift.
16. DEBTORS
2024
2023
Accrued income - Gift Aid claims
Accrued income- Rental income
Amounts owed by group undertakings
10.797
2,300
38,193
13,126
4,600
38,193
£51,290
£55,919
17. CREDITORS:
2024
2023
Accrued expenses
Other creditors
9,543
21.200
912
£9,543
£22.112
16

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
18. OPERATING LEASES
Total future minimum lease payments under non-cancellable operating
leases are as follows:
2024
2023
Within one year
Between one and five years
More than five years
1,200
3,900
1,200
4,800
300
£5,100
£6,300
19. MOVEMENT IN FUNDS
Brought
forward at
1 January
2024
Carried
forward at
31 December
2024
Income
Expenditure
Transfers
between
funds
Gainsl
(losses}
Unrestricted funds
General funds
Designated funds
Special purposes fund
Energy deficit fund
Recruitment fund
178.768
333,376
(361,200)
12.873
11.468
175,285
187,948
371,644
54,008
4,049
{54,008)
20,000
563,641
20,000
366,716
759,028
(361.200)
{17,086)
11.468
758,926
Restricted funds
Mission fund
Charitsble fund
Benevolent fund
House property fund
New horizons fund
Investments fund
Tenanted Manse fund
969
960
2242
{7,500}
(844)
6,531
{116)
6,150
176.907
202.769
124,502
40
8,392
180,719
207,137
124,502
3,812
4,368
(40}
510,368
4,171
(8.344)
14,555
520,750
Endowment funds
Endowments fund
117,470
2,531
120,001
£994,554 £763,199 £ (369,544)
£Nil
£11,468
£1,399,677
17

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
19. MOVEMENT IN FUNDS (cont'd)
Comparative figures for 2023 are as follows:
Brought
forward at
1 January
2023
Carried
forward at
31 December
2023
Income
Expenditure
Transfers
beiween
funds
Gainsl
(losses)
Unrestricted funds
General funds
Designated special
purposes fund
Energy deficit fund
187,310
316,885
{350,199)
(12,602)
37.374
178,768
183,851
1,000
4,975
3,097
(4,975)
187,948
371,161
322,860
{350,199)
{14,480)
37,374
366,716
Restricted funds
Mission fund
Charilable fund
Benevolent fund
House property fund
New horizons fund
Investments fund
Tenanted Manse fund
1,256
1,588
2,221
(7,500}
(1,588)
6,244
3,929
173,977
199,409
124,502
40
6,150
176,907
202,769
124,502
40
2,930
3,360
501,857
5,065
{9,088)
12,534
510.368
Endowment funds
Endowments fund
115,524
1,946
117,470
£988,542 £327,925 £ (359,287)
£Nil
£37,374
£994,554
Designated Funds
The Special purposes fund was created to hold gifts including legacies which are intended for
major projects. Anticipated major projects within the next two or three years include structural
remodelling and facilities upgrade of a 1930's dwelling house currently let with rent applied for the
benefit of the church's objectives. and improvement of the church's and halls, energy efficiency.
The Energy deflcit fund was created to receive donations to be applied annually to defray the
substantially increased cost of church and halls gas and electricity consumption in 2024 following
the war in Ukraine. The fund will be closed when energy costs fall to normal levels.
"The Recruitment fund was created to receive a donation to be applied towards the costs of
recruiting staff for the Jelly Beans pre-school. Any unused portion of the fund after recruitment is
deemed complete may be transferred to the designated Special Purposes fund. and the
Recruitment fund closed..
18

ST ANDREWS CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
19. MOVEMENT IN FUNDS (cont'd)
Restricted Funds
The Mission fund was created in order to provide financial support to a number of Christian
rnissionaries working in the UK and overseas.
The Charitable fund was created in order to make donations to other charities whose objectives
fall within those of the church.
The Benevolent fund was created to receive and disburse the income from St Andrew's
Benevolent Fund. registered charity No: 236198.
The House property fund was established to provide part-funding of a house for a retired minister
and his wife.
The New horizons fund is a project established with the purpose of extending the mission of St
Andrew's in its service to the local community.
The Investments fund was created by the gift of land (over which the church held a legal charge)
formerly used by the St Andrews Cheam Lawn Tennis Club. under which, if the land is sold, the
proceeds after paying of any debts should be used for capital purposes (e.g. erection of buildings)
in connection with St Andrew's. Only in exceptional circumstances should the members of the
Church at 8 Special Meeting be invited by the Management Committee to consider any different
proposal for its use.
The Tenanted Manse fund holds. in accordance with Synod policy, income from the letting of the
manse while the church is without a minister, less expenditure made for repairs and maintenance of
that propety.
The Endowment fund was established several decades ago by an appeal to the congregation to
provide funds to be invested, with the income used for the maintenance of the church buildings.
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Total
Funds
Total
Funds
Unrestricted
Restricled Endowment
funds
funds
funds
2024
2023
Fixed Assets
Current Assets
Current Liabililies
430,709
337,760
{9,543)
254,943
265,807
685,652
723,568
(9,543)
674,496
342,170
(22,112)
120,001
£758,926
£520,750
£120,001 £1,399,677
£994,554
19

ST ANDREW'S CHEAM UNITED REFORMED CHURCH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTINUED
Comparative figures for 2023 were as follows,.
Total
Funds
2023
Total
Funds
2022
Unrestricted
funds
Restricted Endowment
funds
funds
Fixed Assets
Current Assets
Current Liabilities
419.553
(30.725)
(22,112}
254,943
255,425
674,496
342,170
(22.112)
637,511
388.336
{37,305)
117,470
£366,716
£510.368
£117,470
£994.554
£988,542
21. RELATED PARTY TRANSACTIONS
Related Party
Relationship
Details
Amount
Balance
2024
Jelly Beans Preschool
Limited
Subsidiary
undertaking
Hall letting rent
Donation income
£65,000
£20,000
£38,193
£Nil
2023
Jelly Beans Preschool
Limited
Subsidiary
undertaking
Hall letting rent
Donation income
£49,680
£Nil
£38.193
£Nil
20