Charity Registration Number : 1156570
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Trustees**|Alison Thursfeld|
|---|---|
||Cressida Pryor|
||Kevin Watson|
||Timothy Cobbett|
||Mark Tribe|
|**Charity Number**|1156570|
|**Registered Ofce**|Bayshill Unitarian Church|
||Royal Well Lane|
||Gloucester|
||GL50 3ET|
|**Independent Examiner**|Laura Carter|
||Cherry Trees Barn|
||Drakes Broughton|
||Pershore|
||WR10 2AL|
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **CONTENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The object of the Charity is the promotion of religion in accordance with the principles of the General Assembly of Unitarian and Free Christian Churches.
## **Public benefit**
In pursuit of the Objects of the Trust, the Trustees provide a place of worship for all to attend.
## **ACHIEVEMENT AND PERFORMANCE**
During the year, the Trust has continued to pursue the Objectives of the Charity.
## **FINANCIAL REVIEW**
## **Financial position**
The operating surplus before revaluation of the Stock Market investments was £23,263.07 (2023: £17,319.05).
## **Reserves policy**
The Trustees have pursued a policy of maintaining the property of the Charity and of supporting the religious and other charitable work of Unitarians in Gloucestershire.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Charity constitution**
The Governing Document is the constitution adopted on 7th April 2013.
## **Recruitment and appointment of new trustees**
The Governing Document provides for a maximum of eight Managing Trustees. The Trustees are empowered to fill any vacancies in their ranks.
## **Induction and training of new trustees**
The Chairman of the Trustees is responsible for the induction of any new Trustees including awareness of the duties of a Trustee, and awareness of the Governing Document, administrative procedures, and the historical and philosophical approach of the Charity.
## **RISK MANAGEMENT**
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps may be taken to lessen these risks.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 1 of 10
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the trustees and signed on its behalf by:
## _Cressida Pryor_
------------------------------------------------------------------------ **Cressida Pryor Chairperson/Trustee**
Date : **28 October 2025**
Page 2 of 10
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **INDEPENDENT EXAMINER'S REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner’s Report to the Trustees of Cheltenham And Gloucester Unitarians
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of the statement of financial activities,balance sheet and the related notes
## **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 Examiner's Statement**
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of AAT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
- the accounts did 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.
## _Laura Carter_
Name: **Laura Carter**
Date: **28 October 2025**
Page 3 of 10
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories**
**by activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other
8
**Total**
Net income
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
3,135.00
39,320.45
12,512.23
**54,967.68**
10,766.59
20,355.82
582.20
**31,704.61**
23,263.07
**23,263.07**
785,935.71
**809,198.78**|**Total Funds 2024**
**£**
3,135.00
39,320.45
12,512.23
**54,967.68**
10,766.59
20,355.82
582.20
**31,704.61**
23,263.07
**23,263.07**
785,935.71
**809,198.78**|**Total Funds 2023**
**£**
15,064.52
33,251.64
10,462.01|
|---|---|---|---|
||||**58,778.17**|
||||34,900.71
6,558.41
-|
||||**41,459.12**|
||||17,319.05|
||||**17,319.05**
768,616.66|
||||**785,935.71**|
Page 4 of 10
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
9
Investments
10
**Total fxed assets**
Current assets
Cash at bank and in hand
11
**Total current assets**
Creditors: amounts falling due within
one year
12
**Net current assets/(liabilities)**
Total net assets
**Funds of the Charity**
Unrestricted funds
13
Restricted income funds
13
Endowment funds
13
Revaluation reserve
**Total funds**|**Total Funds 2024**
**£**
875,263.40
157,460.69
**1,032,724.09**
183,167.52
**183,167.52**
1,684.84
**181,482.68**
1,214,206.77
809,198.78
-
-
405,007.99
**1,214,206.77**|**Total Funds 2023**
**£**
875,000.00
153,460.01|
|---|---|---|
|||**1,028,460.01**|
|||158,483.01
**158,483.01**
-
**158,483.01**
1,186,943.02
785,935.71
-
-
401,007.31|
|||**1,186,943.02**|
The financial statements were approved by the trustees on 28 October 2025 and signed on its behalf by:
## _Cressida Pryor_
**Cressida Pryor Chairperson/Trustee** Date : **28 October 2025**
Page 5 of 10
## **CHELTENHAM AND GLOUCESTER UNITARIANS**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **2. Income from Donations and Legacies**
|**Analysis**
**Unrestricted funds**
**£**
Cotswold Group Refunds
-
General grants provided by
Government/other charities
-
Gift Aid
-
Membership subscriptions and
sponsorships which are in
substance donations
3,135.00
**Total**
**3,135.00**
**3. Income from Charitable Activities**
**Analysis**
**Unrestricted funds**
**£**
Let-out of non-investment property
39,320.45
**Total**
**39,320.45**
**4. Income from Investments**
**Analysis**
**Unrestricted funds**
**£**
Dividend income
9,624.74
Interest income
2,887.49
**Total**
**12,512.23**|**Total funds 2024**
**£**
-
-
-
3,135.00
**3,135.00**
**Total funds 2024**
**£**
39,320.45
**39,320.45**
**Total funds 2024**
**£**
9,624.74
2,887.49
**12,512.23**|**Total funds 2023**
**£**
10,098.71
1,000.00
743.75
3,222.06|
|---|---|---|
|||**15,064.52**|
|||**Total funds 2023**
**£**
33,251.64|
|||**33,251.64**|
|||**Total funds 2023**
**£**
9,143.50
1,318.51|
|||**10,462.01**|
Page 6 of 10
## **5. Expenditure on Raising Funds**
|**Analysis**
Rent collection, property repairs and maintenance charges
**Total**
**6. Expenditure on Charitable Activities**
**Analysis**
Charity management & administration
Donations
Advertising and marketing
Printing and stationery
Wages and salaries
Subscriptions
Broadband
Pulpit Fees and Travel
**Total**
Support Costs
**7. Support Costs**
**Analysis**
**Support Costs**
**Governance Costs**
Independent examiners fees
Accountants fees
**8. Other Expenditure**
**Analysis**
Depreciation Charge for the Year - Computer Equipment
Other Expenditure
**Total**||**Total funds 2024**
**£**
10,766.59|**Total funds 2023**
**£**
34,900.71|
|---|---|---|---|
|||**10,766.59**
**34,900.71**||
|||**Total funds 2024**
**£**
2,067.68
200.00
83.88
594.63
9,181.94
1,525.00
506.55
4,336.14
**18,495.82**
1,860.00|**Total funds 2023**
**£**
845.00
125.00
203.88
132.95
-
115.00
208.58
4,628.00
**6,258.41**
300.00|
|||**20,355.82**
**6,558.41**||
|||**Total funds 2024**
**£**
1,080.00
780.00|**Total funds 2023**
**£**
300.00
-|
|||**1,860.00**
**300.00**||
|||**Unrestricted funds**
**£**
131.70
450.50
**582.20**|**Total funds 2024**
**£**
131.70
450.50|
||||**582.20**|
Page 7 of 10
## **9. Tangible Fixed Assets**
|**9.1 Cost or valuation**
At 01 January 2024
Additions
Disposals
Revaluations
Transfers
At 31 December 2024
**9.2 Depreciation and impairments**
At 01 January 2024
Charge for the year
Disposals
Revaluations
Transfers
At 31 December 2024
**9.3 Net book value**
At 01 January 2024
At 31 December 2024
**10. Investments**
**Carrying(fair) value at beginning of period**
Add / (deduct): netgain / (loss)on revaluation
Carrying(fair) value at end of year|**Freehold Land &**
**Buildings**
**£**
875,000.00
-
-
-
-|**Computer**
**Equipment**
**£**
-
395.10
-
-
-|
|---|---|---|
||**875,000.00**|**395.10**|
||-
-
-
-
-|-
131.70
-
-
-|
||**-**|**131.70**|
||875,000.00|-|
||**875,000.00**|**263.40**|
||**Listed Investments**
**£**
153,460.01
4,000.68
**157,460.69**||
Page 8 of 10
## **11. Cash at bank and in hand**
|Triodos Deposit Account ****7474
Triodos Deposit Account ****1810
Lloyds Bank Gloucester - Current Account ****0258
Lloyds Bank Cheltenham Current Account ****7760
Lloyds Bank Cheltenham Deposit Account ****2560
Triodos Deposit Account ****5791
Lloyds Bank Gloucester Deposit Account
**Total**|**Total funds 2024**
**£**
26,588.59
27,101.35
9,000.33
6,284.28
108,907.32
5,285.65
-
**183,167.52**|**Total funds 2023**
**£**
25,866.41
26,065.00
1,325.10
1,339.03
62,542.43
5,207.29
36,137.75|
|---|---|---|
|||**158,483.01**|
Page 9 of 10
## **12. Creditors: Amounts falling due within one year**
|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
Accruals and deferred income
1,684.84
**Total**
**1,684.84**
**13. Charity funds**
**13.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**Total**
**785,935.71**
**54,967.68**
**31,704.61**
**-**
**-**
**809,198.78**
**13.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**
**Total**
**768,616.66**
**58,778.17**
**41,459.12**
**-**
**-**
**785,935.71**|**Total funds 2024**
**£**
1,684.84|**Total funds 2024**
**£**
1,684.84|
|---|---|---|---|---|---|---|---|
|||||||**1,684.84**||
||**768,616.66**
**58,778.17**
**41,459.12**
**-**||||**-**||**785,935.71**|
|||||||||
||**768,616.66**
**58,778.17**
**41,459.12**
**-**||||**-**||**785,935.71**|
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