## Christ Church (URC) Henley-on-Thames
Report and Accounts Year ended 31 December 2024
## **Christ Church (URC) Henley-on-Thames**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Trustees**
David Church Muriel Quinsac Lynn Sayer Ann Richards Joanne Freedman Maureen Mclaughlin Katrina Judge (resigned 14/1/24) Sheila Finney (resigned 13/10/24) Audrey Richardson (died 13/11/24) Sara Davies (appointed 1/12/24)
## **Key Staff**
Rev Glyn Millington Tom Carberry
## **Custodian Trustees**
United Reformed Church (Wessex) Trust Limited
**Governing Document**
Deeds of Trust distilled from the United Reformed Church Acts (1972 AND 1981) and Scheme of Union (1972) 01/01/1973
## **Charity Registration Number**
1135595
**Principal Address & Registered Office**
46 Reading Road Henley-on-Thames RG9 1AG
## **Independent Examiner**
Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Bankers**
Barclays Bank HSBC Bank
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-14|
|Detailed Statement of Financial Activities with Comparatives|15|
Page 1
**Christ Church (URC) Henley-on-Thames Trustees' Annual Report For the year ended 31 December 2024**
The trustees have pleasure in submitting the Report and Accounts for the year for Christ Church Henley-onThames United Reformed Church, charity number 1135595, of 46 Reading Road, Henley-on-Thames, RG9 1AG.
## **Objects of the charity**
The charity is a trust with governing documents being trusts distilled from the United Reformed Church Acts (1972 AND 1981) and Scheme of Union (1972) 01/01/1973. In practice it is governed by The Manual of the United Reformed Church (URC). The Manual is the handbook of the URC and covers the Basis of Union, the structure of the URC and the rules of procedure for the conduct of the URC and its member churches.
The object of the charity 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.
The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God.The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. The trustees, elders and members of Christ Church URC Henley are committed to the restoration of those New Testament principles.It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ.The vision is to see the people of Henley come into this experience of knowing Jesus as their Lord, Saviour and friend.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
- Sunday morning services of worship, prayer and teaching, incorporating age-appropriate activities for children - Refreshments after Sunday morning services for fellowship and enabling members and newcomers to get to know each other better
- Sunday evening Bible Studies to delve deeper into God's Word and its relevance for our lives today, with several attendees from other churches in Henley and the surrounding area
- Mid-week homegroups for fellowship, prayer and Bible study
- Monthly prayer meetings to pray for our world, our country, our community, our church and ourselves
- a Teen Bible Study
- Indian Summer to support people in the community coping with bereavement
- Memory cafe to provide stimulating activities for those in the community suffering from loss of memory
- FROGS – a parent and toddler group for the community, which includes a short Bible story
- Open House – drop in lunches open to the public
- Coffee morning - open to the public
- Cake & Co – cakes, games and chat especially aimed at those who might be lonely and appreciative of
- company, whether currently attending the church or not
- Art for the Heart - art and craft activities for referrals from the local GP surgeries
The church also runs a community centre, managing rooms for hire for community activities including (but not exclusively) a pre-school nursery, Bluebells dementia care, concerts, dance lessons, Alcoholics Anonymous, Tai Chi, and even as an election polling station. The church premises were also hired out weekly to a local Church of England for services on Sunday afternoons until April 2025.
Much of the charity management and activities are undertaken by volunteers and the charity could not operate effectively without their efforts.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Page 2
**Christ Church (URC) Henley-on-Thames Trustees' Annual Report**
## **For the year ended 31 December 2024**
## **Structure, Governance and Management**
Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. The trustees are elders in Christ Church URC Henley. The trustees delegate responsibility for the day to day operation of the church centre to the Centre Management Committee, and for the financial and fabric management of the church and centre to the Finance & Fabric Committee. New trustees/elders are appointed from members of Christ Church URC Henley by a majority vote at a church members' meeting.
The trustees during the year and at the approval date of the accounts were David Church, Muriel Quinsac, Lynn Sayer, Ann Richards, Joanne Freedman and Maureen Mclaughlin. In addition Katrina Judge served as a trustee until her resignation on 14 January 2024, Sheila Finney served as a trustee until her resignation on 13 October 2024, and Audrey Richardson served as a trustee until her death on 13 November 2024. Sara Davies was appointed as a trustee on 1 December 2024 and continues to serve at the approval date of the accounts.
## **Financial review**
During the year income decreased by £6k, to £217k, and expenditure decreased by £21k, to £216k. As a result the deficit from the prior year of £14k decreased by £15k to result in a surplus of £1k, and the charity's net assets and net current assets both increased by the same amount, to £115k.
To assist a meaningful comparison of current year income and expenditure to prior year, the comparatives for prior year have been re-stated to reflect:
- gift day receipts being treated as part of 'donations and legacies' rather than as 'other income'
- community worker activity fees being treated as 'income from charitable activities' rather than as 'adhoc donations' (FROGS PY) and negative 'charitable expenditure' (Memory Cafe PY)
- church hire income being treated as 'lettings income' rather than as 'other income'
- community worker salary and expenses being treated as 'costs incurred directly on specific activities' under 'charitable expenditure' rather than as part of 'salary and employer's NI (office costs)'
- grants payable to CAP being treated as 'grants payable' under 'charitable expenditure' rather than as 'sundry expenses'
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £30k (which equates to 2 months of staff wages plus expected building maintenance costs over the next 12 months plus a small contingency) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £104k and the charity is complying with its reserves policy. Ideally the trustees would like to hold unrestricted cash to cover approximately 6 months of unrestricted expenditure (CY £107k), whilst recognising this is not always feasible.
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Page 3
**Christ Church (URC) Henley-on-Thames Trustees' Annual Report**
## **For the year ended 31 December 2024**
## **Responsibilities of trustees under charity law**
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 Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
## David Church
_____________________________________ David Church (Sep 10, 2025 22:45:21 GMT+1) David Church
Date: Sep 10, 2025
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **Christ Church (URC) Henley-on-Thames ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 6 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **Responsibilities and basis of report**
As the charity’s trustees of the Trust 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 examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning 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.
## Nick Spear
Nick Spear (Sep 11, 2025 10:32:04 GMT+1)
Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Sep 11, 2025
Page 5
## **Christ Church (URC) Henley-on-Thames**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Unrestricted**
**Funds**
**Note**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
116,941
Charitable activities
4
92,564
Investments
5
724
Other income
6
5,486
**Total income and endowments**
215,715
**EXPENDITURE ON:**
Charitable activities
7
214,324
**Total expenditure**
214,324
**Net income/(expenditure)**
1,391
**Reconciliation of funds:**
Total funds brought forward
113,508
**Total funds carried forward**
13
114,899|**Restricted**
**Funds**
**£**
1,305
-
-
-
1,305
1,305
1,305
-
-
-|**As re-stated**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
118,246
103,789
92,564
118,679
724
260
5,486
304
217,020
223,032
215,629
236,818
215,629
236,818
1,391
(13,786)
113,508
127,294
114,899
113,508|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on pages 8-14 form part of these accounts.
Page 6
## **Christ Church (URC) Henley-on-Thames**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2024**
|**Unrestricted**
**Funds**
**Note**
**£**
**CURRENT ASSETS**
Debtors
9
22,364
Cash at bank and in hand
10
104,427
126,791
**CREDITORS: Amounts falling**
**due within one year**
11
(11,892)
**Net current assets / (liabilities) and net assets/ (liabilities)**
114,899
**FUND BALANCES**
13
Unrestricted Funds
General funds
94,899
Designated funds
20,000
114,899|**Total**
**Funds**
**2024**
**£**
22,364
104,427
126,791
(11,892)
114,899
94,899
20,000
114,899|**Total**
**Funds**
**2023**
**£**
12,643
125,848|
|---|---|---|
|||138,491
(24,983)|
|||113,508|
|||93,508
20,000|
|||113,508|
The financial statements were approved by the Elders and were signed on its behalf by:
## David Church
David Church (Sep 10, 2025 22:45:21 GMT+1) --------------------------------------David Church Date: Sep 10, 2025
Charity number: 1135595
The notes on pages 8-14 form part of these accounts.
Page 7
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Statutory Information**
The charity is a trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
- iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
Income from charitable activities represents income receivable from hiring the church and community centre premises to community groups, income receivable from catering services supplied in the community centre, and income receivable as fees for attending community worker led activities. All activities are supplied in furtherance of the charity's charitable objects.
Investment income represents bank interest.
Page 8
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Accounting Policies (continued)**
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
e) Tangible fixed assets i) The policy of the Charity is not to capitalise any qualifying expenditure in respect of Fixed Assets relating to the buildings or permanent fixtures and fittings. Any qualifying expenditure in excess of £5,000 on other fixed assets shall be capitalised and depreciated at an appropriate rate based on the expected useful life of the assets.
ii) The properties comprising the Christ Church Centre are actually owned by the United Reformed Church (Wessex) Trust Limited.
f) Pension scheme arrangements The charity contributes to the National Employment Savings Trust (NEST) for its employees, which is a defined contribution pension scheme. Obligations for contributions to this scheme are recognised as an expense when the liability arises. The assets of this scheme are held separately from those of the charity in independently administered funds.
g) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
h) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
- i) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
|**3**
**Donations and legacies**
Regular offerings
Adhoc donations
Gift Day
Other grants receivable
Legacies receivable
Gift aid recoverable|**2024**
**£**
50,626
26,473
19,066
-
5,000
17,081
118,246|**As re-stated**
**2023**
**£**
53,950
13,480
15,495
5,800
-
15,064|
|---|---|---|
|||103,789|
Page 9
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
- **4 Income from charitable activities**
||||
|---|---|---|
|**Income from charitable activities**
Community worker activity fees
Letting income
Catering income|**2024**
**£**
4,662
69,225
18,677
92,564|**As re-stated**
**2023**
**£**
4,219
94,770
19,690|
|||118,679|
## **5 Investment income**
Bank interest
## **6 Other income**
Write back of aged balances on receivables Other income
|**2024**
**£**
724
724
**2024**
**£**
5,165
322
5,486|**2023**
**£**
260|
|---|---|
||260|
||**As re-stated**
**2023**
**£**
51
253|
||304|
Page 10
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7 Charitable expenditure**
||||
|---|---|---|
|**7**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Ministry and Mission
Minister's Expenses
Visiting Ministers and Organists
Community worker salary and expenses
Catering costs (incl salaries)
Grants payable (note 7c)
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Salaries and expenses (office staff)
Temporary staff
Repairs and Renewals
Light, Heat and Water
Caretaking (including salaries)
Estate & Gardening
Insurance
Accountancy
Manse - Costs
Professional Fees
Security
Advertising and Promotion
Printing, Stationery and Publications
Postage and Telephone
Sundry
**Total expenditure**|**2024**
**£**
46,811
1,570
664
15,477
13,968
78,491
3,105
81,596
1,860
1,860
41,330
1,314
12,980
27,942
11,719
8,798
8,321
6,450
5,382
914
1,814
2,011
1,684
936
579
134,033
215,629|**As re-stated**
**2023**
**£**
46,740
1,366
1,391
15,879
15,457|
|||80,833
1,800|
|||82,633|
|||1,800|
|||1,800
43,895
-
35,375
27,021
11,092
8,489
7,289
4,944
4,999
811
467
1,113
3,172
1,112
2,606|
|||154,185|
|||236,818|
The fee payable to the independent examiner for examining the accounts was £1860 (2023: £1800); in addition the charity paid £397 (2023: £nil) to Stewardship for payroll bureau services.
## **c Grants payable**
|Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Henley on Thames Churches Debt Centre
TEAR Fund|**Institutions**
**£**
3,105
3,105
**Institutions**
**£**
1,800
1,800|**Individuals**
**£**
-
**Individuals**
**£**
-
**2024**
**£**
1,800
1,305
3,105|**2024**
**£**
3,105|
|---|---|---|---|
||||3,105|
||||**2023**
**£**
1,800|
||||1,800|
||||**2023**
**£**
1,800
-|
||||1,800|
Page 11
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 5 (2023: 6). The average monthly number of full time equivalent staff during the year was 2 (2023: 3). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page.
During the year key management and trustees received employment benefits totalling £nil (2023: £nil).
In addition the charity incurred expenditure totalling £5382 (2023: £4999) in respect of the customary provision of accommodation to Rev. Glyn Millington, who is a member of key management, so that he could better perform his duties.
## **9 Debtors**
|**Falling due within one year:**
Trade debtors
Gift aid recoverable
Other debtors
Prepayments and accrued income
**Total debtors**|**2024**
**£**
8,803
2,734
-
10,827
22,364|**2023**
**£**
6,912
3,555
27
2,149|
|---|---|---|
|||12,643|
## **10 Cash at Bank and in Hand**
|Cash at bank with immediate access
Petty cash|**2024**
**£**
104,263
164
104,427|**2023**
**£**
125,530
318|
|---|---|---|
|||125,848|
## **11 Creditors: liabilities falling due within one year**
|Trade creditors
Other creditors
Accruals|**2024**
**£**
5,586
795
5,510
11,892|**2023**
**£**
14,649
2,227
8,107|
|---|---|---|
|||24,983|
## **12 Pension commitments**
During the year employer’s pension contributions totalling £332 (2023: £937) were payable to defined contribution personal pension schemes. Pension contributions owing at the balance sheet date were £74 (2023: £nil).
Page 12
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Future Maintenance Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
TEAR Fund
Aggregate of funds|**Opening**
**balance**
**2024**
**£**
20,000
20,000
93,508
113,508
-
-
113,508|**Incoming**
**resources**
**2024**
**£**
-
-
215,715
215,715
1,305
1,305
217,020|**Outgoing**
**resources**
**2024**
**£**
-
-
(214,324)
(214,324)
(1,305)
(1,305)
(215,629)|**Transfers**
**in the year**
**2024**
**£**
-
-
-
-
-
-
-|**Gains and**
**losses**
**2024**
**£**
-
-
-
-
-
-
-|**Closing**
**balance**
**2024**
**£**
20,000|
|---|---|---|---|---|---|---|
|||||||20,000
94,899|
|||||||114,899|
|||||||-|
|||||||-|
|||||||114,899|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Debtors
Cash at bank and in hand
Creditors falling due within one year||**General**
**Designated**
**funds**
**funds**
**£**
**£**
22,364
-
84,427
20,000
(11,892)
-
94,899
20,000
**Unrestricted Funds**|**Restricted**
**funds**
**£**
-
-
-
-|**2024**
**£**
22,364
104,427
(11,892)|
|---|---|---|---|---|
|||**General**
**funds**
**£**
22,364
84,427
(11,892)
94,899|||
|||||114,899|
Page 13
## **Christ Church (URC) Henley-on-Thames**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13 Funds (continued)**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Future Maintenance Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Community Worker Fund
Electrical Works Fund
Aggregate of funds|**Opening**
**balance**
**2023**
**£**
90,137
90,137
37,157
127,294
-
-
-
127,294|**Incoming**
**resources**
**2023**
**£**
-
-
208,032
208,032
5,000
10,000
15,000
223,032|**Outgoing**
**resources**
**2023**
**£**
-
-
(221,818)
(221,818)
(5,000)
(10,000)
(15,000)
(236,818)|**Transfers**
**in the year**
**2023**
**£**
(70,137)
(70,137)
70,137
-
-
-
-
-|**Gains and**
**losses**
**2023**
**£**
-
-
-
-
-
-
-|**Closing**
**balance**
**2023**
**£**
20,000|
|---|---|---|---|---|---|---|
|||||||20,000
93,508|
|||||||113,508|
|||||||-
-|
|||||||-|
|||||||113,508|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Debtors
Cash at bank and in hand
Creditors falling due within one year||**General**
**Designated**
**funds**
**funds**
**£**
**£**
12,643
-
105,848
20,000
(24,983)
-
93,508
20,000
**Unrestricted Funds**|**Restricted**
**funds**
**£**
-
-
-
-|**2023**
**£**
12,643
125,848
(24,983)|
|---|---|---|---|---|
|||**General**
**funds**
**£**
12,643
105,848
(24,983)
93,508|||
|||||113,508|
The designated Future Maintenance Fund contains 12 months of expected high and medium priority building repairs, with a small contingency for as yet unknown works. The Elders keep under review the adequacy and the purpose of this fund.
The restricted TEAR Fund was a collection taken for TEAR Fund, an evangelical relief and development charity whose objectives are in line with those of the charity, and which was fully utilised in the year.
In the prior year there were additional restricted funds for a grant of £5,000 from the Wessex Synod of the URC towards wages of the church community worker, and a CAF donation of £10,000 to be used to support required refurbishment of the electrical infrastructure, both of which were fully utilised in the prior year.
## **14 Transactions with related parties**
During the year:
- a) The charity received donations totalling £23,128 (2023: £19,753) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2023: £nil) were paid to, or for, the trustees.
There have been no transactions with related parties during the year.
Page 14
## **Christ Church (URC) Henley-on-Thames**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
7
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13||General
Designated
2024
2024
£
£
116,941
-
92,564
-
724
-
5,486
-
215,715
-
214,324
-
214,324
-
1,391
-
-
-
1,391
-
93,508
20,000
94,899
20,000
Unrestricted funds|Restricted
2024
£
1,305
-
-
-
1,305
1,305
1,305
-
-
-
-
-|Total
2024
£
118,246
92,564
724
5,486
217,020
215,629
215,629
1,391
-
1,391
113,508
114,899|||General
Designated
2023
2023
£
£
88,789
-
118,679
-
260
-
304
-
208,032
-
221,818
-
221,818
-
(13,786)
-
70,137
(70,137)
56,351
(70,137)
37,157
90,137
93,508
20,000
Unrestricted funds|Restricted
2023
£
15,000
-
-
-
15,000
15,000
15,000
-
-
-
-
-|Total
2023
£
103,789
118,679
260
304
223,032
236,818
236,818
(13,786)
-
(13,786)
127,294
113,508|
|---|---|---|---|---|---|---|---|---|---|
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