Annual Report and Financial Statements for Park United Reformed Church Registered Charity Number: 1196199
For the year ended 31 December 2023
**PARK UNITED REFORMED CHURCH**
## **Annual Report for the year ended 31 December 2023**
## **Aims and purpose**
Park United Reformed Church Elders have the responsibility of cooperating with the Minister, in promoting the whole Christian mission of the Church, pastoral, evangelistic, social and ecumenical. The Elders also have specific responsibility for the maintenance of the Church buildings.
## **Objectives and activities**
The Elders are committed to enabling as many people as possible to worship at our church and become part of our community. The Elders maintain an overview of the worship throughout the year and make suggestions on how services can involve many groups that live within the area. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, we consider the guidance on public benefit and, in particular, we try to enable ordinary people to live out their faith in Jesus Christ as part of our community through:-
- Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
- Provision of pastoral care for people living in the area
- Missionary and outreach work
To facilitate this work, it is important that we maintain the fabric of the Church and Halls complex at Park.
## **Achievements and performance**
## **Worship and Prayer**
The Elders are keen to offer a range of services over the course of the year that our community find both beneficial and spiritually fulfilling. For example, Ignite services, on Sunday evenings, offer a more relaxed form of worship which is tailored to the many students living in the area. Also, Healing and Wholeness services offer a more reflective, intimate and quiet environment for worship. Messy Church also offers a different style of worship which includes a meal. This service is particularly attractive to children and families.
All are welcome to attend our regular services. At the end of 2023 there were 96 Church members and 46 Adherents. 2 Church Members died during the year, 2 were removed from the active list, and 9 names were added to the list of adherents. The average weekly attendance from January - December 2023 was 70 for morning worship (15 of whom were joining online) and 11 for evening services. As well as our regular services, we enable our community to celebrate and thank God at the important milestones of the journey through life. Through baptism/dedication we thank God for the gift of life; in marriage, public vows are exchanged with God’s blessing; and through funeral services, friends and family express their grief and give thanks for the life which is now complete in this world before commending the person into God’s keeping. This year we have celebrated 4 baptisms/dedications, 1 funeral and no weddings.
As a church community committed to celebrating the past while also building for the future, we have come together during 2023 to celebrate 100 years since the building of the sanctuary at Park Church. Through social events and special services, this centenary has enabled the church to take stock and establish priorities for the years ahead.
During 2023 a monthly pattern of services at Lakeside Care Home continued and was extended to include services at The Boltons Care Home. These services are an important part of our mission and outreach, and the residents appreciate meeting with us and sharing worship together.
In order to facilitate the synchronization of reports, the pattern of the church year was changed in 2023, with the Annual Meeting moved from November to May. All serving Church Officers were re-elected at that meeting and one Serving Elder was re-elected for a further 3-year term. All those re-elected began their new terms of office in September and were recommissioned at the first Communion service in that month. We thank all our Elders for their continued support and work for the church
## **Wessex Synod**
2 of our members sit on the Synod and 2 are members of sub-groups within the Synod, 1 member of the Pastoral committee
Page 1 of 15
## **PARK UNITED REFORMED CHURCH**
## **Annual Report for the year ended 31 December 2023 (continued)**
## **The Church Buildings and activity**
Our church buildings are a resource for all and are open throughout the week for regular use by individuals and groups from the local community. Although some hirers have not returned following the pandemic, we currently still have 3 other churches worshipping on our premises together with around 30 community groups. The groups offer a diverse range of activities, including Toddler Group, Uniformed Organisations, Choirs, Keep Fit, Counselling, NCT groups, Recovering Drug Addict support group to name just a few. Each week the building is used by hundreds of people.
Following the Covid 19 pandemic a positive development has been the development of an online access to our worship services. We have continued to use Zoom as part of a regular pattern of hybrid worship, enabling housebound members and some who live a distance away from the area to continue to participate. Weekly prayer meetings continue, mostly online, and monthly committee meetings and Church Meetings have been following the hybrid pattern with a Zoom option. In this way we can maintain contact with the vast majority of our congregation, with Elders taking responsibility for reaching out to any who find attendance in person difficult but who don't have or prefer not to use online technology.
The Church Office has continued to prove an invaluable space from which our Centre Manager can coordinate the busy weekly programme of events. Members and others from the community have continued to appreciate the range of activities that are on offer, including Friendship Club, Badminton Club, Toddlers Group, and groups for children and young people. Away from the church premises the First Friday Footpath group has continued to offer a monthly opportunity to exercise in the open air with a series of country walks in the local area, suitable and enjoyable for all.
Through our Lent Study course and ongoing series of house group discussions, many of our members have been enabled to consider ways of developing their faith and their response to the challenges of living a truly Christian life in today’s world.
## **Minister**
Our minister, Rev Stephen Ansa-Addo, has continued to share his time between Park and Hungerford URC’s. We have all continued to benefit from an association with another very different church community. Stephen has challenged us; his leadership is proving invaluable and under his guidance Elders and members alike can look forward to the future with optimism. Notably we are currently exploring options for the appointment of a Youth Worker to develop our work amongst young people, and have also begun discussions towards aligning the church with the local Warm Welcome initiative. As a result, we anticipate that Park URC will be in a position to reach out even more effectively to the community around us.
## **Pastoral Care**
Pastoral care has continued to feature prominently in our church life. Elders have maintained a pattern of regular contact with members, either through visiting or by phone or email, to check that everyone is keeping well, physically, mentally and spiritually. In addition, discussions are continuing to develop the pastoral network to ensure that all concerns and needs are met as effec�vely as possible.
Page 2 of 15
## **PARK UNITED REFORMED CHURCH**
## **Annual Report for the year ended 31 December 2023 (continued)**
## **Mission and evangelism**
Helping those in need is a demonstration of our faith. This year Park Church donated £1950 to three charities at Christmas. We gave £650 each to the Disasters Emergency Committee, the Trussell Trust and the local Faith Christian Group charity. Several of our members volunteer with Reinspired, a project that reaches out to local schools through the delivery of Christian aspects of the RE curriculum.
## **Ecumenical Relationships**
Park URC is a member of Churches Together in Earley and East Reading (CTEER). When possible, we participate in the East Reading Festival and join with other churches for events and special services such as Easter and the Walk of Witness on Good Friday
## **Financial Review of the Year**
The church has seen a slow but steady return to life following the Pandemic with community groups returning and church worship and activities returning to pre-pandemic levels. However, one major hirer ceased to operate during 2023 which caused a significant loss of rental income.
For 2023 the total income was £111,532 of which £170 was restricted income. £5,636 was received in unrestricted Gift Aid recovery. Income from renting out the halls and the church totalled £43,071 compared to £59,091 in 2022.
Planned giving through standing orders has remained stable and collections at services increased slightly.
The sum of £39,375 (£39,375 in 2022) was spent of unrestricted funds on Mission and Ministry contributions to the national URC. This largely provides for stipends, training and housing for Ministers. The sum of £55,975 was spent on church/halls operating costs and maintenance. This includes upgrades to some of the windows in the building and it does not represent the total expenditure for the year.
The net result for the year was a deficit of £21,335. The budget for 2024 balances with the assumption that lettings income will increase and a gift day will raise funds for the church.
## **Reserves Policy**
The Elders have reviewed the Reserves during the year and have allocated a sum of £30,000 towards Mission Work and £30,000 towards Building work. It was also agreed that a reserve equalling three months of unrestricted payments is retained to smooth out fluctuations in cash flow to meet emergencies and this is shown in the Contingency Fund.
## **Volunteers**
The church is a body of volunteers supported by a Centre Manager, and an administrator. It could not survive without the dedicated work of members who work tirelessly to support new initiatives and maintain regular worship opportunities.
## **Structure, governance and management**
Park United Reformed Church registered with the Charity Commission on 19th October 2021. Its registered number is 1196199.
The method of appointment of Elders is set out in Park’s Constitution. At Park the Elders consist of the Minister, the Church Secretary, Assistant Secretary, Treasurer and Elders elected by church members. All members are entitled to be nominated for election once they have been members for at least one year.
The Elders Meeting meets 10 times a year. Given its wide responsibilities, responsibility for Finance and maintenance is devolved to a sub-committee (Finance and General Purposes) which is made up of a small group of Elders and Members. This committee recommends action but has no delegated powers other than routine maintenance issues.
The Elders in turn recommend actions to the Members at Church meetings which are held 6 times a year. All Church Members are entitled to vote at these meetings.
Page 3 of 15
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 Dècember 2023 Icontlnuedl
Administrative Information
Park United Reformed Church is situated on the corner of Palmer Park Avenue and Wokin8ham Road. It is within the
Wessex Synod of the United Reformed Church. The correspondence address is Park URC. Palmer Park Avenue,
Wokingham Road. Reading, RG61DN. The serving elders are tF>e ¢haritable trustees.
Trustees
Elders who have seNed at any time trom 1st January 2023 until May 2024 are:
Name
Posttion
Term
Start
End
Simon & Jenny King
Carrie King
Enala Bhebhe
Jolnt Church Secretaries
Jan-22
Assistant Church Sec¥etary
Elder
Jan-22
Jan-21
Aug-24
Aug-23
Aug-24
Aug-25
Aug-25
Aug-24
Aug-25
Aug-24
Au£-26
Aug-25
Aug-26
Charlotte BlackburTh
Elder
Jan-21
Alan Holrne5
Elder
Jan-18
Henry Enang
Rod KinE
Judith Enan8
Zie Bhebhe
Elde
lan-22
Elder
Elder
Jan-22
Jarn-18
Elder
J3n-22
Elizabeth Knox
Alistair Knox
Elder
Jan-18
Elder
Jan-20
Chris Gayford
Claire Connell
Elder
Jan-19
Elder
Jan-24
Ex Officio rnembers
Rev'd Stephen Ansa-Addo
Yvette Gayford
Minister
Sep-20
Jan-18
Treasurer
Simon King
Church Secretary
Date.. 2nd May 2024
Page 4 of 15
## **PARK UNITED REFORMED CHURCH**
## **Statement of Financial Activities (SOFA) for the year ended 31st December 2023**
|All figures in £
Note
**Income and Endowments from:**
Donations and Legacies
A1
Charitable Activities
A2
Other Trading Activities
A3
Investments
A4
Other income
A5
**Total Income and Endowments**
**Expenditure on:**
Raising Funds
B1
Charitable Activities
B2
Other
**Total Expenditure**
Net Gains/(Losses) on Investments
**Net Income/(Expenditure)**
Transfers between Funds
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
48,233
-
48,233
-
50
50
47,147
-
47,147
1,207
20
1,227
14,775
100
14,875
**111,362**
**170**
**111,532**
438
-
438
132,374
55
132,429
-
-
-
**132,812**
**55**
**132,867**
-
-
-
**(21,450)**
**115**
**(21,335)**
2,889
(2,889)
-
**(18,561)**
**(2,774)**
**(21,335)**
202,435
5,062
207,497
**183,874**
**2,288**
**186,162**
**2023**|**2022**
**Total**
54,826
20
60,868
102
25,354
**141,170**
141
109,823
**109,964**
**31,206**
-
**31,206**
176,291
**207,497**|
|---|---|---|
w The statement of financial activities includes all gains and losses recognised in the year.
w All income and expenditure derives from continuing activities.
w See Note G3 for the comparative SOFA
Page 5 of 15
PARK UNITED REFORMED CHURCH
Balan¢e Sheet as at 31st December 2023
2023
2022
Note
Unrestrirted Restricted
Funds
Funds
Total
Total
Flxed Assets..
Tan8ible Assets
ci
16,253
16,253
19,192
Total FiKed Assets
16,253
16,259
19,192
Current Assets..
Debtors
DI
20,956
20,956
18.599
Cash at Bank and In HarTrd
L72
149,66D
2.288
151,948
172,904
172,302
Totsl Curreni Assets
170.616
2.288
190.901
Credltors.. Amounts falling due within a year
El
2.995
2.995
2.596
Net Current AssÉts or Llabllltles
167.621
2.288
169.909
188.305
Total Assets less Curr*Tht Liabllltles
183,874
2,288
186,162
207,497
Creditors.. Amounts falling due after one year
E2
Total Net knetsor Liabllities
183.874
2,288
196.162
207,497
The Fund5 of the Charity..
Unrestricted Fund5
Restrlcted Intome Funds
Fl
183,874
2,288
202,435
5,062
F2
Totsl Charity Funds
186,162
207,497
Approved by the Elders on 2nd Mty 2024
Slmon Klng
Yvette Gayfo
PaBe 6 of 15
**PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023**
## **1. Accounting Policies**
## 1.01. Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The 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) 2019; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The Elders consider that there are no material uncertainties about the church's ability to continue as a going concern.
## 1.02. Funds structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. The main restricted fund is the Youth Work fund.
Unrestricted income funds comprise those funds which the Elders are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Elders, at their discretion, have created a fund for a specific purpose.
Further details of each fund are disclosed in notes F1 to F3.
## 1.03. Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received.
Legacies are accounted for when the church is legally entitled to the amounts due. Entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when receivable.
All other income is recognised when it is receivable. All income is accounted for gross.
Page 7 of 15
**PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
## 1.05. Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
Ministry and Mission contributions are accounted for when due to be paid.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the church. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining
## 1.06. Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
## 1.07. Costs of raising funds
The costs of raising funds include any direct costs attributable to fundraising events or fundraising activities.
## 1.08. Charitable activities
Charitable activities include the cost of the Ministry and Mission contributions, staffing the church Office, maintaining and heating the church and the halls and providing church services.
## 1.09. Tangible fixed assets and depreciation
The church and halls buildings are owned by the Wessex Trust and are therefore excluded from these accounts.
All assets costing more than £1,000 are capitalised and valued at historical cost.
Depreciation is charged on assets on a straight-line basis over their estimated useful life as follows: o Furniture, fixtures & fittings: 10 years
o Equipment: 5 Years
## 1.10. Pensions
The charity participates in a defined contribution pensions scheme. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Page 8 of 15
**PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
|**A1: Donations & Legacies**
_All figures in £_
Income from Standing Orders
Donations to the Plate
Other Donations
Give-as-you-Earn
Special Appeals
Gift Aid Recovered
**Total Income from Donations & Legacies**
**A2: Charitable Activities**
_All figures in £_
Magazine income
**Total Income from Charitable Activities**
**A3: Other Trading Activities**
_All figures in £_
Fundraising Events and activities
Income from Renting the Hall and Church
Photocopier income
**Total Income from Other Trading Activities**
**A4: Investments**
_All figures in £_
Bank Interest
**Total Income from Investments**
**A5: Other Income**
_All figures in £_
Feed in tariff / RHI payments
Grants receivable
Insurance claim
**Total Other Income**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
36,667
-
36,667
3,726
3,726
1,549
-
1,549
439
439
-
-
-
5,852
-
5,852
**48,233**
**-**
**48,233**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
-
50
50
**-**
**50**
**50**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
3,851
-
3,851
43,071
-
43,071
225
-
225
**47,147**
**-**
**47,147**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
1,207
20
1,227
**1,207**
**20**
**1,227**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
14,775
-
14,775
-
100
100
-
-
-
**14,775**
**100**
**14,875**
**2023**
**2023**
**2023**
**2023**
**2023**|**2022**
**Total**
35,042
2,817
1,444
-
2,394
13,129
**54,826**
**2022**
**Total**
20
**20**
**2022**
**Total**
1,616
59,091
161
**60,868**
**2022**
**Total**
102
**102**
**2022**
**Total**
14,206
100
11,048
**25,354**|
|---|---|---|
Page 9 of 15
## **PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
|**B1: Raising Funds**
_All figures in £_
Other
**Total Expenditure on Raising Funds**
**B2: Charitable Activities**
_All figures in £_
M&M contributions
Staffing Costs
Minister's expenses
Training costs and travel expenses
Pulpit supply
Manse costs
Church & Hall Running Costs
Depreciation
Cleaning
Utilities
Wood pellets
Gardening costs
Repairs and maintenance
Major projects
Equipment servicing
Consumable items
Other
Church & Hall Expenditure Total
Administrative costs
Bank Charges
Software costs
Insurance
Photocopier
Other office costs
Telephone & internet
Administrative Costs Total
Subtotal carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
438
-
438
**438**
**-**
**438**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
39,375
-
39,375
11,270
-
11,270
-
-
-
719
-
719
136
136
4,309
4,309
2,939
-
2,939
11,308
-
11,308
5,318
-
5,318
12,936
-
12,936
102
102
6,024
-
6,024
15,247
15,247
1,016
-
1,016
905
-
905
180
-
180
55,975
-
55,975
21
-
21
482
-
482
4,602
-
4,602
2,055
-
2,055
949
-
949
1,945
-
1,945
-
-
-
10,054
-
10,054
121,838
-
121,838
**2023**
**2023**|**2022**
**Total**
141
**141**
**2022**
**Total**
39,375
11,647
155
624
225
3,133
2,939
11,076
5,853
9,240
259
6,489
0
827
584
85
37,352
-
454
4,068
1,988
1,009
1,810
9,329
101,840|
|---|---|---|
Page 10 of 15
## **PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
|**B2: Charitable Activities (cont'd)**
_All figures in £_
Subtotal brought forward
Publicity costs
Ministry costs
Worship resources
Pastoral care
Mission Projects
Music costs including organ tuning
Miscellaneous
Church Service Costs Total
Grants / Outward Giving
B3
Church Groups
Independent Examination fee
**Total Expenditure on Charitable Activities**
**B3: Outward Giving**
_All figures in £_
St Mungos
Cowshed
Water Aid
ReInspired
Royal County of Berkshire Churches Trust
DEC - Park contribution
Trussell Trust
Faith Christian Group
CCA
**Total Outward giving**
**C1: Tangible Assets**
**Cost**
At beginning of the year
Additions
Disposals
**At the end of the year**
**Depreciation**
At beginning of the year
Disposals
Depreciation
**At the end of the year**
Net Book Value at beginning of the year
**Net Book Value at end of the year**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
121,838
-
121,838
-
-
-
613
613
170
170
304
304
1,730
1,730
1,202
55
1,257
4,019
55
4,074
5,115
-
5,115
922
922
480
480
**132,374**
**55**
**132,429**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
-
-
-
-
-
-
1,200
1,200
15
15
1,300
1,300
1,300
1,300
650
650
650
-
650
**5,115**
**-**
**5,115**
**-**
**2023**
**2023**
(2,939)
**(55,228)**
**71,481**
**-**
(52,289)
**Fixtures, Fittings and**
**Equipment**
-
-
**Freehold Land and**
**Buildings**
**£**
**£**
71,481
**16,253**
-
-
19,192
-
-
**-**
-
-
-|**2022**
**Total**
101,840
-
540
244
289
2,116
246
3,435
3,292
776
480
**109,823**
**2022**
**Total**
650
650
650
1,200
15
127
-
-
-
**3,292**
**Total**
**£**
71,481
-
-
**71,481**
(52,289)
(2,939)
**(55,228)**
19,192
**16,253**|
|---|---|---|
Page 11 of 15
**PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
|**D1: Debtors**
_All figures in £_
**Prepayments and Accrued Income**
Gift Aid Claim
Prepayments
**Other Debtors**
Debtors for hall hire
FIT/RHI
Other debtors
**Debtors Total**
**D2: Cash at Bank and in Hand**
_All figures in £_
Current accounts
Deposit accounts
Cash in Hand
**Cash at Bank and in Hand Total**
**E1: Creditors, Amounts falling due within one year**
_All figures in £_
**Trade Creditors**
**Taxation and Social Security**
**Other Creditors**
Special collections
Other accruals
Deferred income
**Creditors (within one year) Total**
**Special collection balances**
Leprosy
Other
Christmas collection
DEC collection
Ride and Stride
SALT collection|**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Total**
6,900
6,900
6,900
3,725
-
3,725
3,334
457
-
457
5,230
5,821
-
5,821
3,135
4,053
4,053
**20,956**
**-**
**20,956**
**18,599**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Total**
32,163
2,288
34,451
41,921
117,204
-
117,204
130,131
293
-
293
250
**149,660**
**2,288**
**151,948**
**172,302**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Total**
-
-
-
-
-
-
375
-
92
-
92
246
2,903
-
2,903
1,975
-
-
-
-
**2,995**
**-**
**2,995**
**2,596**
**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
-
-
226
75
(229)
72
232
(232)
-
300
(300)
-
20
20
**246**
**607**
**(761)**
**-**
**92**
**2023**
**2023**
**2023**|
|---|---|
Page 12 of 15
**PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
## **F1: Unrestricted Funds**
|**F1: Unrestricted Funds**||||
|---|---|---|---|
|_All figures in £_||**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**|**Closing**
**Balance**|
|General Fund||109,685
111,362
(132,812)
2,889|91,124|
|Designated||||
|Fundraising funds||250|250|
|Mission Fund|F1.2|30,000|30,000|
|Building Fund|F1.3|30,000|30,000|
|Contingency Fund|F1.4|30,000|30,000|
|Youth work fund|F1.5|2,500
-
-|2,500|
|Total Designated Funds||**92,750**
**-**
**-**
**-**|**92,750**|
|||||
|**Total Unrestricted Funds - 31st December 2023**||**202,435**
**111,362**
**(132,812)**
**2,889**|**183,874**|
|**F1.1: Unrestricted Funds - comparative movements - year ended 31st December 2022**||||
|_All figures in £_||**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**|**Closing**
**Balance**|
|General Fund||169,615
138,254
(109,754)
(88,430)|109,685|
|Designated||||
|Fundraising funds||250|250|
|Mission Fund|F1.2|30,000|30,000|
|Building Fund|F1.3|30,000|30,000|
|Contingency Fund|F1.4|30,000|30,000|
|Youth work fund|F1.5|2,500
-
-|2,500|
|Total Designated Funds||**2,750**
**-**
**-**
**90,000**|**92,750**|
|||||
|**Total Unrestricted Funds - 31st December 2022**||**172,365**
**138,254**
**(109,754)**
**1,570**|**202,435**|
F1.2 Mission fund: amount put aside by the Elders to fund mission work within the church.
F1.3 Building fund: amount put aside by the Elders to fund building work in the church.
F1.4 Contingency fund: amount put aside by the Elders in case of cashflow problems..
F1.5 Youth work fund: amount put aside by the Elders to fund youth work within the church.
Page 13 of 15
## **PARK UNITED REFORMED CHURCH**
## **Notes to the Accounts for the year ended 31st December 2023 (continued)**
## **F2: Restricted Income Funds**
|_All figures in £_
Holiday Club
F2.2
Organ area refurbishment
F2.3
Magazine fund
F2.4
Youth work fund
F2.5
**Total Restricted Income Funds 2023**|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
-
100
-
(100)
-
2,794
-
(2,794)
-
50
55
5
-
2,268
20
2,288
**5,062**
**170**
**55**
**(2,889)**
**2,288**|
|---|---|
## **F2.1: Restricted Income Funds - Comparative figures - year ended 31st December 2022**
|_All figures in £_
Holiday Club
F2.2
Organ area refurbishment
F2.3
Magazine fund
F2.4
Youth work fund
F2.5
Covid-19 Assistance Fund
F2.6
**Total Restricted Income Funds 2022**|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
-
100
(100)
-
2,794
2,794
20
210
190
-
2,266
2
2,268
1,660
-
-
(1,660)
-
**3,926**
**2,916**
**210**
**(1,570)**
**5,062**|
|---|---|
F2.2. Fund for Holiday Clubs
F2.3. Fund to refurbish the organ pipe space. During 2023 the decision was taken not to go ahead with this project and donors
agreed that the balance could be put towards other unspecified projects.
F2.4. Fund for donations for magazine costs
F2.5. Fund for youth work
F2.6. Covid-19 Assistance Fund. This was closed during 2022 and donors agreed that the balance could be put towards other unspecified projects.
## **G1: Staffing Costs and Remuneration**
|_All figures in £_
Salaries and Wages
Employers NI
Pension Costs
**Total Staffing Costs**|**2023**
**2022**
11,495
11,442
(375)
55
150
150
**11,270**
**11,647**|
|---|---|
G2.1. The average number of employees in the year was 2 (2022: 1).
G2.2. No employees received emoluments over £60,000 during the current or prior year.
## **G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions**
Trustee Remuneration and other related party transactions
**----- Start of picture text -----**
Description of transaction Name of Relationship 2023 2022
trustee or to Charity £ £
Church administrator salary paid at national Ty Enang Child of 263 210
minimum wage rates on an hourly basis trustee
Travel expenses in relation to the role of Stephen Trustee 314 268
minister Ansa-Addo
Donations made to the charity by the trustees All trustees 11,450 10,830
**----- End of picture text -----**
Page 14 of 15
**PARK UNITED REFORMED CHURCH**
**Notes to the Accounts for the year ended 31st December 2023 (continued)**
## **G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions (continued)**
## Key relationships
Rev S Ansa-Addo is considered to be key management. During the year Rev S Ansa-Addo received employment benefits totalling £NIL (2022: £NIL) from the charity but he received expenses as detailed above.
Audit, Independent Examination and Other Financial Service Fees
Independent examination fees for 2023 are £480 (2022: 480).
## **G3: Operating Lease Commitments**
The church has an operating lease for a photocopier. The minimum amount payable in respect of this lease is as follows:
|Payments falling due:
Within one year
Within two and five years|**2023**
**2022**
1,340
895
5,360
-
**6,700**
**895**|
|---|---|
During the year the church was charged £1,044 (2022: £1,178) for its photocopier lease.
## **G4: SOFA for the year ended 31st December 2022 for comparative purposes**
|All figures in £
Note
**Income and Endowments from:**
Donations and Legacies
A1
Charitable Activities
A2
Other Trading Activities
A3
Investments
A4
Other income
A5
**Total Income and Endowments**
**Expenditure on:**
Raising Funds
B1
Charitable Activities
B2
Other
B3
**Total Expenditure**
Net Gains/(Losses) on Investments
**Net Income/(Expenditure)**
Transfers between Funds
**Other Recognised Gains/(Losses)**
Gains/(Losses) on Revaluation of Fixed Assets
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
52,032
2,794
54,826
-
20
20
60,868
-
60,868
100
2
102
25,254
100
25,354
**138,254**
**2,916**
**141,170**
141
141
109,613
210
109,823
-
-
-
**109,754**
**210**
**109,964**
-
-
-
**28,500**
**2,706**
**31,206**
1,570
(1,570)
-
-
-
-
**30,070**
**1,136**
**31,206**
172,365
3,926
176,291
202,435
5,062
207,497
**2022**|
|---|---|
Page 15 of 15
## **Independent examiner's report on the accounts**
|**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
Park United Reform Church|Charity Name
Park United Reform Church|Charity Name
Park United Reform Church|
|---|---|---|---|
|||||
||31stDecember 2023|**Charity no**
**(if any)**|1196199|
|||||
||1.
|||
**Report to the trustees**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023.
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination 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.
**Date:** 17[th] May 2024
**Signed: Name:** Victoria Butters **Relevant professional** MAAT **qualification(s) or body** DChA **(if any):** Holy Brook Associates Ltd, **Address:** Curious Lounge, 1[st] Floor Pinnacle Building, Tudor Road, Reading, RG1 1NH
**Oct 2018**
1
**IER**