REGISTERED CHARITY NUMBER: 235321 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR WARWICK ROAD UNITED REFORMED CHURCH LDP Luckman8 1110 Elliott Court Coventry Business Park Herald Avenue Coventy Wesl Midlands CVS 6UB
WARWICK ROAD UNITED REFORMED CHURCH CONTENTS OF THE FINANCIAL STATEMENTS for tho year ended 31 December 2024 Pago Roport of tho Trustee8 Indopondont Examlnerfs Report Statement ol Flnanclal ActSvltlo• Balance Shoot Not¢• to tho Flnanclal Statemonl• 8 to 18
WARWICK ROAD UNITED REFORMED CHURCH REPORT OF THE TRUSTEES for tho ygar •ndod 310•c•mb•r 2024 The trustees present their report th the financial statements of the charity for the year ended 31 Decernber 2024. The trustees have adopted the provision5 of Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting StandaTd applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20191. Governlng document The Charitable Trust was established under a Trust Deed dated the 8 October 1918. with modrflcations made 4 December 1923. 14 October 1930 & 21 February 2000. 11 was registered with the Charlty Commissioners on 4th April 1967 Iregi81ration number 2353211. OBJECTIVES AND ACTIVITIES ObJectlve8 and alms Warwick Road Unlled Reformed Church Coventry is a City Centre Church, and we consider that worship and outreach are our primary purpo$e$. We provide an opportunlty for pub5ic worship. Christian education. and our Church Centre enables us to offer a meal and social support for the elderly. The Trust Deed gives the trustees the power to apply funds available. once they have supported the Mlni31er financially, pald for maintenance, repairs, loans and mortgages in such a manner as they thlnk fll to or for the benefit of any charltable object or purpose. When p18nning our acllvllle$ for the year the Iruytees conslder the Chaflty Commissions guidance on publlc benefit and, Sn particular the specific guldance on charllies for the advancement of religion. The Church Is Serving the spiritual, soclal and cultural needs of the city centre communlty thToughoul Ihg working wèek as well as on Sunda. We ¥eek lo do this by.. Offering regular worship Being inGlu$ive Serving older people Uslng our musul grf18 Working for justice Working together with other churches and groups. The trustee8 IdentWy proje¢l$ and organisalions that they wish lo support and these are Ih8n brought lo a Church Meeting where member$ only are allowed lo vole. The Trust does not make donallons to people or organ15alions who apply speculatively. The Trust also has a policy of not responding lo any correspondence unless il relate¥ lo donations it has agreed lo make or lo the general management of the Trust. ACHIEVEMENT ANO PERFORMANCE Charltablo actlvSti88 The main Trustees, respon5ibililies concem the financial and personnel management ar malnlenance of the premlses and equipment on behalf of the Elders. A variety of Church policies and procedures are monitored and updated by the Trustees, including the annual review of the Risk Managernenl Assessment. The other policies and procedures are reviewed biennially. 2024 has been 8 year of continuing consoltdalion followng the COVID-19 pandemic. The cafe Is still very popular with income slightly Improved on 2023, bul due lo drfficulties in recruSllng more volunteers we have been unable lo return lo belng open 4 days per week, as was the case in 2020. Lettings in the Centre Gonlinued lo increase slightly during the year. Building maintenance and repairs to maintain the operational efficiency of the Church and Church Centre are cosuy items but the normal servicing of boil8rs. fire extinguisher5 and electrical equipment took place during the year. Page 1
WARWICK ROAD UNITED REFORMED CHURCH REPORT OF THE TRUSTEES for the year ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Fundraislng activitigs IrOrne for the year was £154,792 while expenditure was £175,648. Catering income from the Open Dwrs Café in the Centre during 2024 lotslled £33,152 for the year. The Warwck Row properties provide the Church with substantial income and so it is important that occupancy continues to be maxlmised. Both apartments were fully let for the whole year. Income from the lettlng lo Davisons Law of No.12 continued in 2024. The income from these properties, plus that from the car park spaces. provided £49,792 durlng 2024. FINANCIAL REVIEW Flnanclal po8ltlon The maln sources of revenue for the charity are cotlections, rental income and Interest from investments. The pdi¢y of the Church is to maximise such revenue so as lo achieve Ils objectives. Total Income for 2024 was £154,792 while total expenditure was £175,648. Income from unrestricted funds was £154,589 in 2024. Unre51ricled expenditure decreased in the year by £5,256 10 £175,648 meaning an overall deficit on unrestricted funds of £21,059. Therefore, the overall deficit this year was £20,856 Gompared lo a deficlt of £28,275 in 2023. The revlew of activltle5 and achievements are detailed In the major flnanclal acllon8 In 2024. We are making all efforts lo malnlain these aclklns, and at the same time we are reviewing all our exp8nditure lo mlnSmi8e wherever possible. Re8er¥e8 poIIcy The trustees have e$tsbllsh8d a pollcy whereby the unrestricted fund8 not commltted or Invested In tangible fixed assets {"Ihe free reservo¥") held by the charity should be approxlmately six months of the resourc85 expended, which equates lo £80.000 in general funé¥. Al Ihls level, the Irvstee¥ Gonslder that they would be able to continue the current activllles of the charlty in Ihe event of a significant drop In fundlng. However, during the year we have paid off the remainder of the oulstandlng mortgage {£29,8931 wih Skipton 8uilding Society. Therefore, actual free re$eNes at 31 December 2024 weie £16,935. The trustees continue lo work lo build the base of IrlMng resources lo enable il to me81 115 'free reseThes" tarpel. Page 2
WARWICK ROAD UNITED REFORMED CHURCH REPORT OF THE TRUSTEES for the y•ar •nded 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT RISK REVIEW The trusle8s continue to monitor the major risks to which the charity is exposed and systems have been established lo mitigate those risks. IAANAGEMENT AND GOVERNANCE ARRANGEMENTS The Trust Deed provide5 for a rninirnum of 5 and a maximum of 16 trustees. Where there is a requirem8nl for a new Trusteè, they are identified by the Trustees and recommendation5 Put forward lo a Church Meeting. where members can vole. The new Trustee receives a copy of the pr&vths year's annual report and accounts and a copy of the Chartty Commissioners leaflet 'The Essential Trustee What you need lo Kno. The Trustees annually revlew our Rlsk Assèssmènt, and togethér with our Elders prepare and review our Church Plan. This plan sets our objectives for the next 3-5 years, and prlncipal actions over the next 12 months. This enables people, money and other resourcès to be channelled to meet these priorities. CHURCH MERGER Late in 2020 the Church was approached by another church, Mosaic Church, with a viow to Ihelr lease or purchase of the Sanctuary since they had outgrown their existing premises and were looklng for a city centre base for their expanding congregation. Various discussions look place with Mosaic Church, WM Synod, and within Wamick Road ChurGh regarding ils future during the first half of 2021, and 11 was decided by Churth Meeting on 11 th July 2021 to agree lo sell the Sanctuary (church building) lo Mosaic Church al an agread value in accordance wlh Charity Commission guidelines and lo marg8 wllh West Orchard United Reformed Church. Since that dale extensive negotiations over the delalls of the sale contract and future arrangements for the use of the retained Church Centre have taken place. A final service al Warwlck Road took place on 22nd January 2022 th a view lo proceeding wllh the sale and the merger with Wesl orchard URC. Since that final service Warnick Road URC and Wesl Or¢haré URC have effe¢llvely m8rgeé their operallons durlng 2022 wllh all services taking place at tha Baginlon Road sile. Exlen81ve amalgamalion and update of organisalional structures and policies have taken place and Baglnlon Road URC now exlsls as a de facto operation. As part of that proce3s work has taken place, In conlunction th the URC'$ solicllor, lo cre818 a charitable incorporated organisalion ICIOI which in due ¢our$e 1$ intended to replace the trusts of both Warwick Road Church and Wesl Orchard Church. It Is anllcSpated that this CIO will be approved by the Charity Commi55ion early in 2025. However, because it is onSy the trustees of Warwick Road Church who are able to sign tha sale contraGI for the Warwick Road Church building the impl8menlalion of the CIO cannot lake place yet. When the 8818 of the church building is Goncluded the new charity can proceed. The wak Road Centre and frontage Warwck Row properties continue to be operated al this Stage by the Wawck Road Chur¢h trustees but in due course will become part of the Baginlon Road URC CIO. REFERENCE AND ADMINISTRATIVE DETAILS Regl8tered Charlty numbor 235321 Prlnclpal addro 10 Worwick Row Coventry West Midlands CV1 1EX Trustges D C Lalhbury- Chairman D E Miles - Assistant Chairman D W Jones R Mohomed R T Blanchard - Treasurer K Green Ex Officio members.. Rev Peter Kimberley Page 3
WARWICK ROAD UNITED REFORMED CHURCH REPQRT OF THE TRUSTEES lor the year ended 31 D•cember 1024 REFERENCE AND ADMINISTRATIVE DETAILS Indop8nd¢nl EJramlMr LDP Lud(mans 1110 Elhott Court Coventry Business Paik Hefald Avanue Coventry West Midld$ CV5 6UB 8oficltOMJ Mander Hadley Ltd 1 The Quadranl Coventry CV12DVV eanker¥ 8arclay8 Bank PLC 25 High Slre•t Covenlry CV1 SRE Lloyd¥ Bark PLC 30 HSgh Slreel Coventry CV16RA Donitlon• •hould be 8enl to: EldeN, The Wothck Rood Unitod Refomied 10 Warick R1 Coventry CVI IEX CqUes Bhould bo ¢ros6•d and mmd• piyabl• to: Elder8, W4fY4ick Rtsad Unilèd Rèfornied CJ FINAL THOUGHTS Once agaln, great Ihonk8 are due to all Dur Stsll. b Idan voluntary. Approved by orderol th& board ol trustse8 on ... . and 51gn•d on its behalf by.. D C Lalhbury. TIu8lee Pagg 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICK ROAD UNITED REFORMED CHURCH Independent examlner's report to the trustees of Warwlck Road Unlted Refom)ed Church I report lo the charity Iruslees on my examination of the account5 of Warwick Road United Reformed Church Ilhe Trust) for the year ended 31 December 2024. Responsibilitla8 and baslg of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe Acl'l. I report in respect of my examlnallon of the Trust's acco(Jnts carrled out under Section 145 of the Act and in carrylng out my examination I have followed all appllcable Directlons given by the Charity Commission under Se¢llon 145151{b) of the Act. Indopendent oxamlnerf8 8tatomont I have completed my examination. I confirm that no material matters have come to my altenllon in connection with the examlnalion glvlng m8 causé lo believe that in any material resp8cI'. accounting reGords weTe not kept in respect of the Trust as rèquired by Secllon 130 of the Act.. or the accounts do not accord th those records., or the accounts do not comply with the applicable requirements concerning the form 8nd content of accounts sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts giva a true and fair view lch is not a maller consldered as part of an independent examination. I have no con¢ems and have com8 across no other matt&rs in connection with the examlnation lo which attention should be drawn In th1$ report in order lo enabla a proper und6rstandlng of the accounts to be reached. M D Spafford FCA FCCA LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry Wesl Midlands CV5 6UB Dal8'. Page 5
WARWICK ROAD UNITED REFORMED CHURCH STATEMENT OF FINANCIAL ACTIVITIES for th• year gndod 31 Docombar 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 18,390 18,3 32.330 Other trading activities Investment income Other income 33,152 102,600 447 33,152 102,803 447 28,494 95,602 373 203 Total 154,589 203 154,792 158,799 EXPENDITURE ON Raising funds 78,122 78,122 82,419 Charltable actlvltlo8 Grants & donallons of the church 1,750 1,750 1,750 Church 95,778 95,776 loo.5 Total 175.648 175,848 185,074 NET INCOMEI(EXPENDITUREI 121.059) 203 120,856) 128.275) RECONCILIATION OF FUNDS Total funds brought forward 1,527,842 9,787 1.537,629 1.585.904 TOTAL FUNDS CARRIED FORWARD 1,506.783 9,9 1,516,773 1,537,e29 The notes form part of these financi81 statements Page 6
WARWICK ROAD UNITEO REFORMED CHURCH BALANCE SHEET 31 Decernber 2024 2024 Total lunds 2023 Tolal funds UNestsiclad nds Restrialed lunds Nol¢$ FIXED ASSETS 7aivJible assets Invtrslmenl property 809.848 675,000 809.848 675,000 811,763 67S.000 10 1.4e4.848 1,464,848 1,486,763 CURRENT A88ET8 Stock 339 3,213 32.139 339 3.213 42.129 658 J.154 ,736 12 Cash al bank and in hand 9,990 35.691 9.990 46,681 .546 CREDITORS Amounts falllng du• wlthln on8 year 13 113,7S61 113,7561 143.880) NET CURRENT ASSET8 21.935 9,990 31,925 60.866 TOTAL ASSETS LE8S CURRENT UABILITIE8 1.506,783 9,990 1,510,773 1.537,829 NET A88ET8 1,506,783 9.990 1.516.773 1,537,829 FUNDS Unwslricled lunds Res1riCd funds 18 1.506.783 9.990 1.527,842 9.787 TOTAL FUND3 1,516,773 1,537.829 finBficl31 3t*lemenls were approved by thè Board of Tru810•8 and 8uthorf8ed tsr Issue on .7) ky.. w. . and were $lgned on Ils behaN by.. DCL e&-T The notes lom part ofthese Ilnanolal statements Page 7
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wlh the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with the Financial ReportSng Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191,. Flnancial Reporting Standard 102 'The Financial Reporting Siandaré applicable in the UK and Republic of Ireland, and the Charities AGI 2011. The financial statements have been prepared under the hisloricol Go¥t Gonvenllon, as modlfied by the revaluation of certain assel8. The financial stslemenls have been prepared lo give a 'lrue and fail view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and falr vi8W. This departure has Involved following the Accounting and Reporting by Charilles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Flnan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charitles.. Ststemenl of Recommended Practlce effective from 1 April 2005 which has since been wlhdrawn. Incorno All inGome13 recognised in the Statement of Financlal Acllvllles once the charity has enlltlement lo the funds, ills probable that the income wlll be re¢elved and the amount Can be measured reliably. Voluntary Income is recelved by way of collectlons 8nd gffls and 18 Included In full In the Slalemenl of Financial Aclivllles when receivable. The value of services provided by volunteers has not been In¢lud8d. Grants and legac+es ar8 accounted for as soon as the charlly Is nollfied of Ils leg81 entitlement and th8 amount due. Investment income is accounted for when receivable. Amoun15 owing lo the church at 31 December are shown as debtors, less provision for amounts that may prove non-colleclable. Income from govemmenl grants a recogni86d al fair value when the charity has 8nlltlemenl after any perfomiance ¢ondilions have been mel, il Is probable that Ihe Income will be received and the amount can be measured rellably. If entitlement is not met then these amounts 8re deferred. Expendlture Llabllllies are recognised 88 expenditure 88 Soon a¥ there 13 a legal or constructive obligation commilllng the charlty lo thal expenditure. it is probable that a transfer of economic benefits will be required In selllement and the amount of the obligation can be measured reliably. Expenditure is eccounled for on an accnJals basis and has been classifled under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo actlvltie8 on a basls consistent with the use of resources. Grants and donations are accounted for when pald over or when awarded, If Ihal creates 8 bln¢Jlng oblallon on the charlty. Resources expended are allocated lo the particular aclivily where the cost lateS dlreclly to Ih8t activlly. whe costs relat8 to more than one area they have been apportloned on an appropriate basis. Governance costs comprise all costs Involving the publlc accountabillty of the Church and its compliance with regulation and good pr8cllce. These costs include the rKoduction and Independent 5cruliny of these financial statements. Grants offered subject lo condltions which have not been mel al the year end dale are noted as a commitment bul not accrued as expendlIu. Tangible fixed assets Depreciation is provided at the followng annual rates in order to write off each asset over Ils estimated useftjl lrfe. Page 8 continued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 31 Decembor 2024 ACCOUNTING POLICIES- contlnued Tanglble Ilxed assets Freehold propety Fixtures and fittings 2Vo on cosl 10¥0 on cost Individual fixed assets costing £2,000 or more are capitalised at cost. Freehold land is not depreciated. Investment property Investment properties for which fair value can be measured reliably without undue c05t or effort are measured al falr value al each reporting dale with change8 in fair value recognlsed In 'net gains 1 (losses) on investments, In the SOFA. Stocks Stocks are staled al the lower of cost and e¥tlmate(I selllng prSce le¥5 Costs lo complete and sell. Cost includes all c051s of purchase, costs of conversion and other costs incurred in bringing stock lo Its present location and condition. Cost 18 calculated using the first-in. firsl-out fomiula. Provislon Is made for damaged, obsolete and slow-moving stock where appropriate. Taxatlon The ¢harlty1s exempl from tax on Ils charitable a1vIlle8. Fund a¢¢¢untlng Unreslricled funds can be Used in accordance wllh the charltable objectives at the d18crelion of the trustees. Reslrlcted funds can only be u88d for partlcul8r re81rkted purposes thIn the oblecl8 of the charty. Reslri¢tions arlse when speclfled by the donor or when funds are ral8ed for particular reslTtcted purposes. Furth•r explanallon of the nature and purpose of each fund is Included In the note8 lo the flnanclal Slalemenls. Ponslon costs and othef PO8t-rntlremont beneflts The charity operates a defined contribution pension scheme. Contributions payable lo the charlWs pension scheme are charged lo the Statement of Flnanclal Activitles in the perlod to which they relate. Dobtors and creditors roGolvablelpayable wlthln one year Debtors and creditors with no staled inlere5t rate and receNabl8 or payable wilhln one year are recorded al transaction price. Any105ses arising from impairment are recognised in expendllure. Cash and cash ryulvalents Cash and cash equivalents are defined as being highly Ilquid. wllh a short maturty of less than 3 months. Going Concern The financial statements have been prepared on a going concern basis as the trustees belleve that no ma18rial uncertainties exist. The tnjslees have considered Ihe levgl of funds held and the expected level of income and expenditure for 12 months from aulhorising Ih&se flnanclal slatemenls. The budgeted income and expenditure is sufflclenl wlth the level of reserves for the charity to be ablo lo continue as a going concem. Loasg¥ Rentals poyablo and receivable under operatlng leases are charged to the SOFA on a straight line basis over the period of the lease. Page 9 continued..
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued for th• y•ar •nd•d 31 D•cttmber 2024 OTHER TRADING AcTIVlEs 2024 2023 Catering income 33.152 28.494 INVESTMENT INCOME 2024 2023 Rents received Deposit account intere81 100,347 2,456 92,769 2,833 102.803 95.802 RAISING FUNDS Inv08tment management Ct• 2024 2023 Staff costs Propety repalrs Rates and water Light and heal Travel Interest payable and 8imllar charges 23.795 6.492 1.280 8,720 816 1,185 23,622 17,087 1,156 5,453 856 1,841 42,288 50,015 INDEPENDENT EXAMINER'S REMUNERATION Fees payable lo the charivs independent examlners for the Independent examination of the charity's financial slalemenls lolalled £2,205 {2023.' £2,100). Fees payable to the charitvs independent examlners for accountancy services tolalled £2,20512023.. £2,205}. TRUSTEES. REMUNERATION AND BENEFITS During the year no Irusle6s recèivèd remuneration or other benefits for their duties a5 a trustee, one Iruslee was employed by the ¢hur¢h as an adminislratlon a$sislanl and received Temunerallon totslling £5,85412023'. £5,705). There were no trustees, remuneration or other benefits for the year ended 31 December 2D23. Trust8. •xp•n¥o There were no trustees, expenses paid for the year ended 31 t>eTber 2024 nor for the year ended 31 December 2023. Page 10 continue(l..-
WARWICK ROAD UNffED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnued for thè ygar •ndod 31 December 2024 STAFF COSTS 2024 2023 Wages and salaries Other pension costs 60,230 999 55.908 61,229 56,856 The average monthly number of employees durlng the year was as follows: 2024 2023 No employees ffjceived emoluments In excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Re3ldcted funds funds Totsl funds INCOME AND ENDOWklENTS FROM Donalton8 and legacie8 32,330 32,330 Other trading aclSvllle8 Investment Income Other income 28.494 95,593 373 28,494 95,602 373 Total 156,790 156.799 EXPENDITURE ON Raising fund8 82,419 82,419 Charltable actlvltl•8 Grants & don8tlon8 of Ihe ¢hur¢h 1,750 1,750 Church 96.735 4.170 100.905 Tolal 180,904 4,170 185,074 NET INCOMEI{EXPENDITUREI (24,1141 (4,1611 128.2751 RECONCILIATION OF FUNDS Total fund5 brought forward 1,551,956 13,948 1,565,9)4 TOTAL FUNDS CARRIED FORWARD 1.527.842 9.787 1,S37.629 Page11 continued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continu•d for th• ygaT ondad 31 D•c•mb•r 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1 January 2024 and 31 December 2024 838,315 53,993 892,308 DEPRECIATION Al 1 January 2024 Charge for year 29,040 1,320 51,505 S95 80,545 1,915 Al 31 December 2024 30,360 52,100 82,460 NET 800K VALUE Al 31 DeGember 2024 807,955 1.893 809,848 Al 31 December 2023 809.275 2.488 811,763 10. INVESTMENT PROPERTY FAIR VALue Al 1 January 2024 and 31 December 2024 675,000 NET BOOK VALUE Al 31 December 2024 675,000 Al 31 December 2023 675,000 The Snveslment propertles are used for income generatlng purposes and were valued al 11 Aprll 2022 by , Godfrey-PaWon, Chartéred Surveyors. The Trustees consider that Ihls valuation ig not malerlally different al 31 December 2024. 11. STOCKS 2024 2023 Stocks 339 656 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Grfl aid debtor Prepayments and accrued income 2,800 613 1.556 1.598 3.213 3,154 Page 12 contlnued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continu8d for the year ended 31 December 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts {see note 141 Trade creditors Accnjals and deferred Income 29,893 600 13.187 13.756 13,758 43,680 14. LOANS An an81yBis of the malurily of loans18 glven below= 2024 2023 Amounts fallbng due thIn one year on demand.. Mortgage108n repayabl8 29.893 16. LEASING AGREEMENTS Toial future wnlnlrnum lease paym8n18 receivable for the rental of Unll 12 under non-cancellable operating lease$ are as follows.. 2024 2023 Within one year Belween one and five years 24,000 64,000 24,000 88,000 88,000 112.000 16. MOVEMENT IN FUNDS Net movement In fund¥ Transfws b¢een fund$ At 31.12.24 At1.1.24 Llnrestrfct•d funds General fund De8ignaled fund 65,972 121,0591 {27,978) 18,935 1,461.870 27,978 1,489.848 1,527.842 (21,0591 1,506.783 Restflctod fund8 Other restricted funds Leslie Cooke Fund Roof repairs 1,567 5,623 2,597 1,567 5,828 2,597 203 9,787 203 9.990 TOTAL FUNDS 1,537,629 (20.856) 1.516,773 Page13 contlnued..-
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continuèd for th• y•ar ended 31 December 2024 16. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as foll¢)WS'. Incomlng resources Resources expended Movement in funds Unre8trlcted funds Gener81 fund 154,589 (175,6481 121.059} Restrictod fund$ Leslie Cooke Fund 203 203 TOTAL FUNDS 154,792 {175,648) 120,8561 Comparntlv•s for movomont In funds Net movement In funds Tr8nsf8r8 ben funds At 31.12.23 At1.1.23 Unr08trl¢t•d funds General fund Designated fund 93,143 (29,114) 1,943 65,972 1,458,813 5,000 (1,943) 1,461,870 1,551.958 (24,1141 1,527,842 Rtr1¢tod fund• Olher reslricled funds Leslie Cooke Fund Roof repalr8 1,567 5,614 6.767 1,567 5,623 2,597 14,170> 13,948 (4,1611 9,787 TOTAL FUNDS 1,565.904 (28.275) 1,537,629 Page 14 contlnued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continuad for th• yur ended 31 December 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund Designated fund 146,790 {175,904) 129.1141 10,000 15,0001 5,000 156,790 1180,9041 {24,114} Re8trlctèd funds Leslle Cooke Fund Roof repairs (4.1701 (4.170} {4,170) (4.161) TOTAL FUNDS 156.799 (185,074} 128,275) The general reswo represents the free re8eryes of the charlty that ar8 not de8ign8led or restricted for particular purposes. The designated fund has been sel up lo enable Identlflc8tlon of those fund8 that are not free funds. It represents the nel book amount of tangible flxed assets and Investment propertSes le88 related creditors. In Ihe year a legacy was received whl¢h has been designated to 8UPPOrt church repairs and future expenditure rel8llng to a Pastor. The restri¢led fund i¥ made up of a number of small fund8 those with balance8 al the ye8r end include.. The Wesl Orchard URC fund was received to support outreach work withln the Church. The Spark in The Park fund wag glven in support of an event held for Coventry churches with the alm of allracllng new members. The Church Roof Repair fund was given lo repair the Church roof. The Leslie Cooke fund was transferred to the church In the year when the Leslle Cooke Memor181 Fund was merged wllh Warwlck Road URC, thls happened on 1410312017. The fund was gel up to allow the purchase of books, wrlling ¢y other educational maleri818 for the beneflt of minlsters of religion, lay-preaGhers or students of any United Reformed Church within the United Kingdom and the provision of books for worship wthin any Unlled Reformed Church within the United Kingdom. Transf•TS between fund8 From General Reserves lo Fixed Asset designated fund representing the general fund movement relating lo fixed assets. specifically this year il includes the repayment of the outslandlng balan on the mortgage. Page 15 conlinued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year *nd 31 D•cgmb•r 2024 17. RELATED PARTY DISCLOSLIRES The total amount of donations received wthoul conditions from the truslees and related parties was £6,69112023- £9,010). There were no other ralated party transactions made in 2024. Page18