Annual Report and Financial Statements for Park United Reformed Church Registered Charity Number: 1196199
For the year ended 31 December 2024
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2024
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. This can be 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 will hopefully be attractive 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 2024 there were 91 Church members and 52 Adherents. 3 Church Members and 1 Adherent died during the year, 2 were transferred to other churches, and 7 names were added to the list of adherents. The average weekly attendance -from January - December 2024 was 60 for morning worship (10 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 3 funerals but no weddings or baptisms/dedications.
As a church community committed to celebrating the past while also building for the future, we have sought to build on our recent celebrations of 100 years since the building of the sanctuary at Park Church. Elders have used this time to take stock and establish priorities for the years ahead.
A new pattern for our Messy Church worship was introduced and reviewed during 2024, with sessions running in the Church Halls concurrently with the main service in the sanctuary. Several new families have attended and have stayed for lunch, to which all members of the church community are invited. Discussions are under way with a view to fostering stronger links between the two worshipping fellowships, with – it is to be hoped – mutual benefits for all.
During 2024 a monthly pattern of services at Lakeside Care Home and The Boltons Care Home continued. These services are an important part of our mission and outreach, and the residents appreciate meeting with us and sharing worship together.
Wessex Synod
2 of our members sit on the Synod. 1 member is also a member of the Synod Pastoral committee.
Page 1 of 15
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2024 (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. The number of groups using the building is slowly returning to pre-Covid levels. We currently have 3 other churches worshipping on our premises together with around 30 community groups. These groups offer a diverse range of activities, including Toddlers 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.
We appointed a new Centre Manager during 2024. Based in the Church Office, from where he coordinates the busy weekly programme of events, he has successfully attracted new hirers and is exploring ways of making the hiring of our premises more competitive. 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 opportunities from time to time 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 opened a weekly Community Kitchen to serve lunches to people from the community. 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 effectively as possible. Alongside this, the ministry of flowers has been greatly appreciated; Elders take it in turns to distribute flowers each week, not only to our own members but to passers-by from the local community. �
Page 2 of 15
PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2024 (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 £600 each to the Disasters Emergency Committee, Crisis at Christmas and REInspired; several of our members volunteer with this valuable project, which reaches out to local schools through the delivery of Christian aspects of the RE curriculum. During 2024 we also supported the local food banks, the Toys and Teens Christmas appeal, the Open Doors charity and Combat Stress.
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
Church income is primarily drawn from the regular giving by members plus the related Gift Aid and lettings income paid by local community groups using the premises. Regular giving increased from £48,233 to £53,246 and a gift day appeal raised £3,981 for church funds. Lettings increased significantly from £43,071 to £59,623 and a new carpark control system brought in £3,537. The church was grateful to receive a legacy from a former member of £10,510.
The largest single expense continues to be the payment of Mission and Ministry contributions to the national URC of £39,375 (£39,375 in 2023). This largely provides for stipends, training and housing for Ministers. The sum of £41,488 (2023: £55,975) was spent on church/halls operating costs and maintenance. A further £9,280 was paid to resurface the carpark and this has been capitalised in the accounts.
The net result for the year was a surplus of £34,862 (2023: deficit of £21,335). The budget for 2025 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 and have increased the amounts allocated towards Mission Work and towards Building work in line with a decision made at a Church Meeting in 2018. There are also reserves set aside in the Contingency Fund (equalling three months of unrestricted payments to smooth out fluctuations in cash flow to meet emergencies) and for Youth Work.
The church received a grant of £5,000 from the Earley Charity in late 2024 towards the costs of upgrading its lighting in the halls. This will be spent in early 2025 and thus is held as a restricted fund at the year end.
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 remit, 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.
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PARK UNITED REFORMED CHURCH
Annual Report for the year ended 31 December 2024 (continued)
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.
Administrative Information
Park United Reformed Church is situated on the corner of Palmer Park Avenue and Wokingham 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 the charitable trustees. They are elected at the Annual Meeting in May and begin their terms of office on September 1st, with a service of ordination/induction held at a Communion Service during that month. Three new serving Elders were elected during 2024, along with one returning Elder and one who was re-elected for a further three-year term; we thank them and all our serving Elders for their continued support and work for the church.
Trustees
Elders who have served at any time from 1st January 2024 until May 2025 are:
| Start End Position Term Name |
|
|---|---|
| Simon & Jenny King Joint Church Secretaries Jan-22 Carrie King Assistant Church Secretary Jan-22 John Davey Elder Sep-24 Aug-27 Justyn Slatter Elder Sep-24 Aug-27 Claire Connell Elder Jan-24 Aug-26 Henry Enang Elder Jan-22 Aug-25 Rod King Elder Jan-22 Aug-25 Zie Bhebhe Elder Jan-22 Aug-25 Enala Bhebhe Elder Jan-21 Aug-27 Alistair Knox Elder Jan-20 Aug-26 Chris Gayford Elder Jan-19 Aug-25 Alan Holmes Elder Jan-18 Aug-24 Elizabeth Knox Elder Jan-18 Aug-24 Judith Enang Elder Jan-18 Aug-24 Roger Clark Elder Sep-24 Aug-27 Ex Officio members Rev'd Stephen Ansa-Addo Minister Sep-20 Yvette Gayford Treasurer Jan-18 Aug-25 |
Simon King S.King Church Secretary
Date: 8th May 2025
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PARK UNITED REFORMED CHURCH
Statement of Financial Activities (SOFA) for the year ended 31st December 2024
| 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 67,737 - 67,737 - - - 65,113 - 65,113 1,819 34 1,853 14,360 5,000 19,360 149,029 5,034 154,063 - - - 119,201 - 119,201 - - - 119,201 - 119,201 - - - 29,828 5,034 34,862 - - - 29,828 5,034 34,862 183,874 2,288 186,162 213,702 7,322 221,024 2024 |
2023 |
|---|---|---|
| Total | ||
| 48,233 50 47,147 1,227 14,875 |
||
| 111,532 438 132,429 |
||
| 132,867 | ||
| (21,335) | ||
| - | ||
| (21,335) | ||
| 207,497 186,162 |
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
Balance Sheet as at 31st December 2023
| All figures in £ Note Fixed Assets: Tangible Assets C1 Total Fixed Assets Current Assets: Debtors D1 Cash at Bank and in Hand D2 Total Current Assets Liabilities: Creditors: Amounts falling due within a year E1 Net Current Assets or Liabilities Total Assets less Current Liabilities Creditors: Amounts falling due after one year E2 Total Net Assets or Liabilities The Funds of the Charity: Unrestricted Funds F1 Restricted Income Funds F2 Total Charity Funds |
Unrestricted Funds Restricted Funds Total 21,975 - 21,975 21,975 - 21,975 24,396 - 24,396 177,089 7,324 184,413 201,485 7,324 208,809 9,760 - 9,760 191,725 7,324 199,049 213,700 7,324 221,024 - - - 213,700 7,324 221,024 213,702 7,322 221,024 - 2024 |
2023 |
|---|---|---|
| Total | ||
| 21,975 - |
16,253 | |
| 21,975 - 24,396 - 177,089 7,324 |
16,253 20,956 151,948 |
|
| 201,485 7,324 9,760 - 191,725 7,324 213,700 7,324 - - |
172,904 2,995 169,909 186,162 - |
|
| 213,700 7,324 |
186,162 | |
| 183,874 2,288 |
||
| 186,162 | ||
| - |
Approved by the Elders on 8th May 2025 Simon King S. King Yvette Gayford Y J Gayford
Page 6 of 15
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024
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 2024 (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 2024 (continued)
| A1: Donations & Legacies All figures in £ Income from Standing Orders Donations to the Plate Other Donations Give-as-you-Earn Special Appeals Legacies 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 Income from the car park 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 36,641 - 36,641 4,076 4,076 1,231 - 1,231 1,755 1,755 3,981 3,981 10,510 10,510 9,543 - 9,543 67,737 - 67,737 Unrestricted Funds Restricted Funds Total - - - - - - Unrestricted Funds Restricted Funds Total 1,782 - 1,782 59,623 - 59,623 3,537 - 3,537 171 - 171 65,113 - 65,113 Unrestricted Funds Restricted Funds Total 1,819 34 1,853 1,819 34 1,853 Unrestricted Funds Restricted Funds Total 14,360 - 14,360 - 5,000 5,000 - - - 14,360 5,000 19,360 2024 2024 2024 2024 2024 |
2023 |
|---|---|---|
| Total | ||
| 36,667 3,726 1,369 439 - - 6,032 |
||
| 48,233 | ||
| 2023 | ||
| Total | ||
| 50 | ||
| 50 | ||
| 2023 | ||
| Total | ||
| 3,851 43,071 - 225 |
||
| 47,147 | ||
| 2023 | ||
| Total | ||
| 1,227 | ||
| 1,227 | ||
| 2023 | ||
| Total | ||
| 14,775 100 - |
||
| 14,875 |
Page 9 of 15
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024 (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 and allowances 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 - - - - - - Unrestricted Funds Restricted Funds Total 39,375 - 39,375 11,503 - 11,503 1,452 - 1,452 1,315 - 1,315 91 91 3,109 3,109 3,558 - 3,558 8,644 - 8,644 5,419 - 5,419 8,532 - 8,532 121 121 14,704 - 14,704 - - 173 - 173 246 - 246 91 - 91 41,488 - 41,488 22 - 22 515 - 515 5,157 - 5,157 2,171 - 2,171 2,825 - 2,825 1,986 - 1,986 - - - 12,676 - 12,676 111,009 - 111,009 2024 2024 |
2023 |
|---|---|---|
| Total | ||
| 438 | ||
| 438 | ||
| 2023 | ||
| Total | ||
| 39,375 11,270 - 719 136 4,309 2,939 11,308 5,318 12,936 102 6,024 15,247 1,016 905 180 |
||
| 55,975 21 482 4,602 2,055 949 1,945 |
||
| 10,054 121,838 |
Page 10 of 15
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024 (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 £ Crisis UK Churches Together ReInspired Royal County of Berkshire Churches Trust DEC - Park contribution Trussell Trust Faith Christian Group CCA Total Outward giving |
Unrestricted Funds Restricted Funds Total 111,009 - 111,009 - - - 567 567 181 181 349 349 1,523 1,523 1,171 - 1,171 3,791 - 3,791 3,015 - 3,015 906 906 480 480 119,201 - 119,201 Unrestricted Funds Restricted Funds Total 600 600 600 600 1,200 1,200 15 15 600 600 - - - - - - - 3,015 - 3,015 2024 2024 |
2023 |
|---|---|---|
| Total | ||
| 121,838 - 613 170 304 1,730 1,257 |
||
| 4,074 5,115 922 480 |
||
| 132,429 | ||
| 2023 | ||
| Total | ||
| 1,200 15 1,300 1,300 650 650 |
||
| 5,115 |
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 |
Total £ £ Leasehold Land and Buildings £ Fixtures, Fittings and Equipment |
|---|---|
| 71,481 9,280 - 71,481 9,280 - - - - |
|
| 80,761 9,280 71,481 |
|
| (55,228) (3,558) (55,228) (619) - - (2,939) |
|
| (58,786) (58,167) (619) |
|
| 16,253 - 16,253 |
|
| 21,975 13,314 8,661 |
Page 11 of 15
PARK UNITED REFORMED CHURCH
#
Notes to the Accounts for the year ended 31st December 2024 (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 Creditors (within one year) Total Special collection balances Christmas collection Christian Aid Combat Stress SALT collection |
Unrestricted Funds Restricted Funds Total 6,900 6,900 4,222 - 4,222 965 - 965 11,377 - 11,377 932 932 24,396 - 24,396 Unrestricted Funds Restricted Funds Total 50,055 5,000 55,055 126,741 2,324 129,065 293 - 293 177,089 7,324 184,413 Unrestricted Funds Restricted Funds Total - - - - - - - 172 - 172 9,588 - 9,588 9,760 - 9,760 2024 2024 2024 |
2023 |
|---|---|---|
| Total | ||
| 6,900 3,725 457 5,821 4,053 |
||
| 20,956 | ||
| 2023 | ||
| Total | ||
| 34,451 117,204 293 |
||
| 151,948 | ||
| 2023 | ||
| Total | ||
| - 92 2,903 |
||
| 2,995 | ||
| Opening Balance Income Expenditure Transfers Closing Balance |
||
| 72 - - 72 80 - 80 85 (85) - 20 20 |
||
| 92 165 (85) - 172 |
Page 12 of 15
PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024 (continued)
F1: Unrestricted Funds
| F1: Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| All figures in £ | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
|
| General Fund | 91,124 | 149,029 | (119,201) | (6,000) | 114,952 | |
| Designated | ||||||
| Fundraising funds | 250 | 250 | ||||
| Mission Fund | F1.2 | 30,000 | 3,000 | 33,000 | ||
| Building Fund | F1.3 | 30,000 | 3,000 | 33,000 | ||
| Contingency Fund | F1.4 | 30,000 | 30,000 | |||
| Youth work fund | F1.5 | 2,500 | - | - | 2,500 | |
| Total Designated Funds | 92,750 | - | - | 6,000 | 98,750 | |
| Total Unrestricted Funds - 31st December 2024 | 183,874 | 149,029 | (119,201) | - | 213,702 | |
| F1.1: Unrestricted Funds - comparative movements - year ended 31st December 2023 | ||||||
| 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 |
F1.2 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.
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PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024 (continued)
F2: Restricted Income Funds
| F2: Restricted Income Funds | ||||||
|---|---|---|---|---|---|---|
| All figures in £ | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
|
| Youth work fund | F2.5 | 2,288 | 34 | 2,322 | ||
| Lighting Fund | F2.6 | 5,000 | - | 5,000 | ||
| Total Restricted Income Funds 2024 | 2,288 | 5,034 | - | - | 7,322 | |
| F2.1: Restricted Income Funds - Comparative | figures - year ended 31st December 2023 | |||||
| All figures in £ | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
|
| Holiday Club | F2.2 | - | 100 | - | (100) | - |
| Organ area refurbishment | F2.3 | 2,794 | - | (2,794) | - | |
| Magazine fund | F2.4 | 50 | 55 | 5 | - | |
| Youth work fund | F2.5 | 2,268 | 20 | 2,288 | ||
| Total Restricted Income Funds 2023 | 5,062 | 170 | 55 | (2,889) | 2,288 |
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. Lighting Fund: This was a grant received during 2024 which will be spent on upgrading the lighting in the Halls in early 2025.
G1: Staffing Costs and Remuneration
| G1: Staffing Costs and Remuneration | |
|---|---|
| All figures in £ Salaries and Wages Employers NI Pension Costs Total Staffing Costs G2.1. The average number of employees in the year was 2 (2023: 2). |
2024 2023 |
| 11,569 11,495 (153) (375) 87 150 |
|
| 11,503 11,270 |
|
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
| Description of transaction | Name of trustee or related party |
Relationship to Charity |
2024 £ |
2023 £ |
|---|---|---|---|---|
| Church administrator salary paid at national minimum wage rates on an hourly basis |
Alistair Connell |
Child of trustee |
378 | - |
| Church administrator salary paid at national minimum wage rates on an hourly basis |
Ty Enang | Child of trustee |
- | 263 |
| Travel expenses and car allowance in relation to the role of minister |
Stephen Ansa-Addo |
Trustee | 2,749 | 314 |
| Donations made to the charity by the trustees | All trustees | 12,840 | 11,450 |
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PARK UNITED REFORMED CHURCH
Notes to the Accounts for the year ended 31st December 2024 (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 (2023: £NIL) from the charity but he received expenses as detailed above.
Audit, Independent Examination and Other Financial Service Fees
Independent examination fees for 2024 are £480 (2023: 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 |
2024 2023 |
|---|---|
| 1,340 1,340 5,360 5,360 |
|
| 6,700 6,700 |
During the year the church was charged £1,044 (2023: £1,044) for its photocopier lease.
G4: SOFA for the year ended 31st December 2023 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 |
2023 |
|---|---|
| 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 |
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