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.
Page 3 of 15
## **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
Page 4 of 15
## **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.
Page 13 of 15
## **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|
Page 14 of 15
**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|
Page 15 of 15