REGISTERED CHARrrY NUMBER: 235321 REPORT OF THE TRUSTEES AND VNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR WARWICK ROAD UNITEO REFORMED CHURCH LDP Luckmans 1110 Elliott Court Coventry Buslness Park Her81d Avenue Coventry West Midlands CV5 6UB
WARWICK ROAD UNITED REFORMED CHURCH CONTENTS OF THE FINANCIAL sTATEMEPs forlh• yw ended 31 D•¢¢mbei 2025 R•port of th• Trusto Ind•p•nd•nt EMmln•rfs Raport St•t•m•nl of FlnJn¢lal Actlvltl•J 8alanu Sh••t Not•8 to the Flnancl•l Statom•nt• 8 to 15
WARWICK ROAD UNtrED REFORMED CHURCH REPORT OF THE TRUSTEES forthe y•ar èndod 31 D•cemb•r 2025 Thg trustees present their report the financial stetements of the tharity for the year ended 31 December 2025. The trustses have adopted the provisions of AccLJunting and Reporting by Charfties.. Statement of Recommended Practie£ applicable to Gharilies preparing their accounts in accord8nc8 with the Fin8ncial RepLYting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecty've 1 January 2D191. Go¥ernSng document The Charitsble Trust was e5tsblished under a TTUSt Deed dated the 8 October 1918. with modifications m8de 4 December 1923. 14 Ociober 1930 & 21 February 2000. 11 was registered with the Charlty Commissloners on 41h April 1967 Iregistralion numtsér 235321}. OBJECTIVES AND ACTIVITIES ObS•cUves and alms Warwck Road Unlted Reformed Church Coventry Is 8 Cty Centre Churth. and we conslder that WOT8hlp and outreach are our primary purposes. We provide an opportunity for public worship, Christlan educalSon, and our Churth Centre enables us to offer a meal and social support for the ekledy. The Trust Deed gives the tnJs(88S the power lo apply funds avallable, onc6 they have supported the Mlnist8r financially, palLI for maintenance, repairs, loans an¢J mortgages in such a manner as they think fil to or for the beneffil of any charitable or purposè. INh8n planning our acb'vib"eB for the year the Iwslee$ nsider the Charfty Commisslon$ guidance on pukllo benefit and, In parts'cular th8 SP8cific guidance on charities for the advancement of r81igion. The Church is Seng thè gpin¢ual, soc181 and cultural needs ol the city Cent comrnunity throughout the workSng week as well as on Sundays. We seek lo do Ihls by.. Offedng regularworshlp Being incluslve Serving older people Using our musical glfts Working forjuslico Worklng logelher vAth other thurches and group8. Tho trustees idenlfy piojects and organlsAllons th81 Ihey ¥sh lo support 8ncJ thèse arè then breAJght lo a Churth Meeting where members only are allowed io vole. Thg Trust does not make donations to people or org8nisati¢ns who appty speculats'v&ly. The Trust also has a policy of not responding lo any mspolldence unless it relates to don8bons It has agreed to make or to the gèneral managemènt of Iha Trust. ACHIEVEMENTS AND PERFORMANCE Ch3rltsble activiti•• The Main TnJ5tees' responsibilits'8s conc&m the fftnancial and personnel man8gem8nl and mainlonance of the premises and equipment on behaw of the Elders. A variety of Church Pollcies and proc8dures are rnonltored and t1ated by the Trust88s, Sncluding the annual review of the Risk Management Asses5menl. The other policies gnd procedures are reviewed biennially. 2025 has been a year of conbnuing con801ida0on following the COVID-19 pandemic. The cafe is still very popular wth income sfightty down on 2024, but due to dlfficullies In ¢ruiting more volunteers w8 h8v8 b98n un8ble to return to Ing open 4 days pei week. as was the case in 2020. Lgth'ngs in the Cenlr8 continued to inc¥ease slightly during Ihe year. Building maintenance and repairs to maintain the operational èfflciency of the Church and Church Centre are coslty Items but the norn1 Seiring of boiler5, fi exiinguishers and electrical equipment took place during the y8ar. Page 1
WARWICK ROAD UNITED REFORMED CHURCH REPORT OF THE TRUSTEES lor the year end•d 31 D•c•mb•r 2025 ACHIEVEMEf+lTS AND PERFORMANCE Fundraislng activit185 Income for the year was £243,645 while expendiiure was £196,726. Catering income from the Open Doors Café in the Centre during 2025 tolalled £32,460 for the year. The Warnid( Row properties provide the Church with substsntial incomg and so it is important thal occupancy continues tD be maxilvised. Both apartments were fully let for the whole year. Income from the lettlng lo DaSOn5 Law of No.12 continued in 2025. The Income from th6se prope88, plus that from the car park spaces, provlded £50,692 durtng 2025. FINANCIAL REVIEW Financial posltlon The maln sources of revenue for the tharfty are cOltiOns. rental income Bnd Interest from Investments. Thè pollcy ol the Church is to maxlmise such revenue so as lo achleve its objedves. Total Income for 2025 w8s £243,645 whlle total expendilure was £196,726. Income from unrestrfded funds was £243,477 In 2025, the Increase in the year was due lo a generou5 legacy. Unresldcted expendlture increased In the year by £20,005 10 £195.653 meanlng an overall surplus on unre$Cted funds of £47,824. Therefore, the overall surplug this year was £46,919 compared lo a deficAt of £20,856 in 2024. The Tewew of acUvibe8 and a¢hlevementS 8r• datallod in Ihg major finano818ctions in 2025. We ara maklng 811 effgrts to maintain th8se actions, and al the sam8 lime we are raviewlng all our exp8nditur8 lo minlmise wherever possible. R•••rve4 pollcy The trustee5 have e$lablish8d a policy %thgreby the unrestricted fund5 not committed or invested In tanglble flx8d assets I'lha free r8serves'l h81d by the charity should be Bpproximately six months of the resources expgndod. which equates to £90.000 Sn generdl funds. Al thls level, the Iruslees consider that they vuld be able lo ntinue th8 current activities ol the charity in th8 event of a significant drop in funding.Tha actual free rese88 al 31 Dec8mb¢r 2025 were £68,218. The trustees continue to work lo buihj the base of incoming resources to enable il to meet Its Yree res8rv8s' t8rgel. Page 2
WARWICK ROAD UNrrED REFORMED CHURCH REPORT OF THE TRUSTEES for the ar •nd•d 31 D•c8mber 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT RISK REVIEW The trustees continue lo monitor major risks to whlch the charity Is exposed and Systems have been established to mStlgatè those risks. MANAGEMENT AND GOVERNANCE ARRANGEMENTS The Trust Deed prowdes for a minimum of 5 and a maximum of 16 Iruslees. Where there Is a requlrement for a new Trustee, they are identifled by the Trustees and recommendations put foM8rd to a Churth Meeting, where members can vote. The n8w Truste8 receives a copy Df the previous yearf5 annual report and accounts anij a copy ofthe Charlty Commissioners leaflet Yhe Essenllal Trustee What you need to Knov/'. The Truglees annually review our RSsk As5e55menl, and togelher with our Elders prepare and review our Church Plan. This plan sets our oblectlves lor the next &5 years, and pr5nclpal actions over the next 12 months. Thls enables people. money and other resources to b8 channelled lo meet these prfor115. CHURCH MERGER Late in 2020 lh8 Church way approached by 8nt)ther churth, M05alc Churth, th a vlew lo thelr lease rx purchase of the Sanctuary slnce they had outgrown Iheir exlstlng premlses and were Iwking for a city centre base for their expandlng congregation, V8rlous dlscusslons took plac wth Mosaic Church. WM Synod, and wfthln Warwck Road Church regarding ils future durfng the first half of 2021, and il w88 (Jecided by Church M88ling on 11th July 2021 10 agree to sell th8 Sanctuary (church bulldingl lo Mosalc Church at an agreed value in occordance wlh Charity C¢ynmlssion guNlelines and to merge with Wesl Orchard United Refomied Church. Sinc8 that dale extensive negotiations over thè details ol the sale conlrBct and fvlure 8rrangements for lh¢ use of the retained Churith Centre have taken place. A finBI s&rvlc8 at Warwck Rood took placg on 22nd January 2022 with 8 view to Proeding wth the sale and the merger Wlth Wesl orBhard URC. Slnce that flnal seGe Warwick Road URC and Wesl Orchaid URC have effectivèly merg8d thèir operations during 2022 with all $oNlces taklng place al thè B8ginton Road she. Extensive amalgamallon and update of orgBnisats'on31 structures and policies have taken place and Bagin¢on Road URC n¢)w exists as a do facto operalion. During 2025 Charitable Incorporated Organi58tion ICIOI stslus was agreed with the Charity Commisslon ICCI whlch merges the d)8Tkles of the fomier churches, the CIO will commance whan the church lIding sale is completed. Th8 Wawck Road Centre and front9 Wanmck Row properhes wntinva to be operated ot thls slBge by thè W8rwick Road Church trustee8 bul in due course will become part of the 8aglnlon Road URC CIO. REFERENCE AND ADMINISTRATNE DETAILS R•glstered Charlty numbor 235321 PrlneSpal ¥ddre8• 10 wal¢k Row Coventy West Midlands CV1 1EX Trusts•• D C Lalhbury- Chairman D E Miles - Assisianl Ch8lman O W Jongs R Mohomed R T Blanchard- TreaYAJrer K Green Ex Offiao member3'. Rev Petsr Kimb8rfey Page 3
WARWICK ROAD UNITED REFORMED CHURCH REPORT OF THE TRUSTEES lor the yoar •nded 31 D•c•mb•r 2025 REFERENCE AND ADMINI8TFiATIVE DEfAILS Independent Examlnér LDP Luckrna 1110 Elliott Court Coventry Business Park Her8kl Avenug Covantry West Mldlands CV5 6U8 8ollc5tor• Mander Hadley Ltd 1 The Quadranl Coventry CV12DW Bank•rs Barclays Bènk PLC 25 High Streot Covgnty CV15RE. Lbyds Bank PLC 30 High Sir¢8t CoveFMry CV15RA Don•tlon• •hould b• to: Ekler8. The Warwlck Road Unttèd RolomMd Chur 10 Warwlth Row Coventry CV11EX Ch•que8 ihould b• crossed and mid• pByablo to: Eld8f8, WaThMd( Road Unlted Rel0n•d Churth FINAL ThOUGHT8 Onc8 agaSn, great thanks are due to 811 our 81afl, both pald and voluntary. Aoprov¢d by order of the board Dt Iwslees on ...%8.-. ..J.u.N£..2.¢z4.... and slgned on Ils behalf by.. D C Lalhbury - Tru8te& Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICK ROAD UNThED REFORMED CHURCH Independ•nt èxamlnees report to the trustees ofWanYlck Road Unit•d Refomied Church I report lo the charity trustees on my examinab.on of the acccMJn15 of Warwick Road United Refomied Churc Ilhe Trusll for the year ended 31 December 2025. Responslbilities and basis of report As the charity trustees of the Trust you are responsible for the rxeparation of Ihe accounts in accordance with the requirements of the CharrtSes Act 2011 lllhe Acfl. I report in respect of my examination of thè Trust's accounts Tried out und8r Saction 145 of the Act and in c8rying out Fny examination I have followed all applicable Directions given by the Charity Commission under Sgction 14515)Ibl of the Act. Independent •xamln•Vs statgmont I have completed my examinatson. I confirm that no material rnatter5 have come to my att8ntlon In connectif with the 8xamination giving m8 cause lo believe that in any malertal respect.. accounting rerords were not kept in respect of the Trust as required by Stion 130 olthe Act,. or the accounts do not accord with Iho8e records., OT tha accounts do not comply with the applS¢8bt8 reqUIrnents concemlng the fomi ond content of accounts s&l wl in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vl&w whkh is not a matter conslderod 88 part of 8n independent examinatlon. I have no concems and hove ce across no other matter8 in connecticn wth the examin8tion to which attentlon Should be drawn Ihls report in order to anabla a prop&r understanding of the accounts to bè reached. M D SpAfford FCA FCCA LDP Luckman8 1110 EIIH)tt Court Coventry 8uslnes8 Park Herald Avanue Coventry West Midlands CV5 6UB Page 5
WARWICK ROAD UNED REFORMED CHURCH STATEMENT OF FINANCIAL ACTIVITIES for the yaar •nd•d 31 D•c•mb•r 2025 31.12.25 Total lunds 31.12.24 Total fiAnds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legaLies 103,393 103,393 18,390 Other trading actiwlies Inveslmenl income Olhar income 32,460 107.151 473 32,460 107,319 473 33.152 102.803 447 168 Total 243.477 243,645 154,792 EXPENDrruRE ON Raising fund8 89.644 89,644 78,122 Charltabl• actl¥ltl•i Grants & don8llons of Ihe church 1,750 20 1,770 1.750 Churth 104,259 1,053 105,312 95,TT6 Totsl 195,653 1,073 198,726 175,648 NEY INCOMEI{EXPENDITURE) Transtsr* b•lw••n funds 47,824 19051 (1,5441 46,919 120.8561 16 N•t mov•m•nt In fund• 49,368 12.4491 46,919 120,8561 RECONCILIATION OF FUNDS Total funds brought lorward 1.506,783 1,516,773 1,537.629 TOTAL FUNDS CARRIED FORWARD 1.556.151 7.541 1.563.692 1,516,773 The notes part of these finanaal statements Page 6
WARWICK ROAD UNITED REFORMEO CHURCH BALANCE SHEET 31 D•ceml)er 2025 31.12.25 Total funds 31.12.24 Tol81 fund5 Unrestrlctod R85trlcted fvnds funds FIXED ASSETS Tangible assets InvlMent Pfopety 10 11 807.933 675.000 807.933 675,0 67S.Ofy) 1,482,933 1,482,933 1.484.848 CURRENT ASSETS StoeJ(8 D8btor8 Cash al bank and In hand 12 13 385 9,962 86.695 339 3,213 42,129 9,962 94,236 7.541 97,022 7,541 104,563 45.681 CREDITORS Amounts falllng due wlthln efje year 14 123,8041 123,8041 {13,7561 NEf CURRENT ASSEf8 73,218 7.541 80,75Y 31,825 TOTAL ASSETS LE88 CURRENT LIABILMES 1,558,151 7,$41 1,563,692 1,516,773 Er A88ET8 1.558,151 7,541 1,563,692 1,516,773 FUNDS Unr8strici8d luThJ$ R081rict8d funds 16 1.556,151 7,541 1,506,783 9,990 TOTAL FUND8 1,563,692 1.516,773 The Ilnanual 8taiem nts were approved by th6 Board ot Trusts•s and authorfsèd lor 188110 on and wore signed on its b¢hall by., DCLalh ry-Trus il85- Trust Th• notes form part ol theso linancial statements Page 7
WARWICK ROAD UNifED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS for th• y•ar •nd•d 31 D•c•mb•r 2025 ACCOUNTING POLICIE5 8a$l$ of weparing the flnan¢lal ststemgnts The ffinancial statem8nls of the charity. lch is a public benefit entity under FRS 102, have bee prepared in accordance wilh the Charthe5 SORP IFRS 1021 'Accounting and Repo.n@ by Charities: Statement of Recommended Pr8dice applrcable to charities prepating their occounts in accordance wlth the Flnanclal Reportlng Siandard applicable In the UK and ReputlC of Ireland IFRS 1021 leffective 1 January 20191,, Finanrjal Reporting Standard 102 The Fin8nci81 Reporting Standard applicable in Ihe UK and Republic of Iland, and the Charities Act 2011. The financial stalemenls have been prepared undeT the historical cost wivenuon. as modlfied by the revaluation of certain asselg. The finanaal statements havÈ been prepared lo give a ITue and f8irf vl8w and have departed from the Charities (Accounts ond Reports) Regul8ts'ons 2008 only to the extent required lo promde a Inje and laiT vlew. This d8parture has involved following the AcUnting and ReportiThJ by Charities.. Statement of R8cammended Pracllce appllcable to charities preparing their accounts In accordanc8 with the Financial Reporting Standard applicable sn the UK an(J Republ1¢ ol Iroland IFRS 1021 i$sued on 16 July 2014 rather than tha Accounting and Reports'ng ty Charities.. Statement of Recommended Practicp gff8cUvè from 1 April 2005 whith has since been withdrawn. kneom• All income Is recognised in the Stsl8ment of Fin8ncial Actlvlti85 once the charity has entitlement to the lunds. It probable that the incom8 wlll ba roc8ived and the amount can b8 meBsured reliabty. Voluntary incorne Is received by way of coll8ctions and gifts and is induded in full in the Statement of Financlal Actifflties when recelvable. The value of services PTowded by volunl68rs has not been Sncluded. Grants 8nd legacies are accountad for as soon Bs thg ch8rity ig notified of Its 18g818ntlUement and the Amount dug. Investment Income Is aeeounled for vthen receivable. Arnounts On9 to the church at 31 December are shown as debtors. less provislon for amounts that may prove non-collectable. Income from gov•mm8nt grants are r8ctrJnlsed al lalT value vthen thè charity has entitlement after ony perfomiance conditions have been met, it is probable that the Income wll be received and th8 amount c8n be measured rellably. If enliUem8nl is not met then these amounts aro deferrod. Expendlture Liabilities are recognised a8 exp8ndiluro as sojn as Ihere Is a legal or constructive obligatic committing thg charity to th81 expenditure, it is probable that a transfer of economic nefitS will be required in settbment and tho 8mounl of the obligalkjn Can bè me8sure(I reliably. Exptrnditure is accounted for on an accruals basis and has been clasSifd undeT headings that aggregate all cost related to the cat8gory. Wh8r8 eosts cannot be direcljy attributed lo particular headlngs they have been alloc818d lo activities on a basis consistent wlth th8 usè of rèsourcos. Grants and donations are accounted for when paid over OT when awarded, if that cre8te8 a binding oblig815on on the charity- Resourc8s expended are allocated lo the particular actiwty where the cost relates directty lo that aBlivty. Where costs r818le to more than one area they have been apportioned on an appropnatè basis. Govemance costs oJmpri5e all rDsts involwng the public 8UntablIltY of th8 Church and its compliance Mth regulation and good wactice. These costs include the production and independent struliny of these finanryal stst8ments. Grants offared subject to condition5 which have not be8n m&t at the year end dale are noted as commltmenl but not accrued 8s •xp&nditure. Tanglbl• Ilxed asBets Depreciation is prowded al the following annual rates in order to write off each asset over rts estimated usefvl lrfe. Page 8 continued...
WARWICK ROAD UNrrED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS- contlnuod for th• y•ar •nd•d 31 December 2025 ACCOUNTING POLICIES- continued Tangible fix•d ass•ts Freehold propety Flxtures and fittSngs 2% on cost 100A on cost Individual flxed assels o)s1ing £2.000 or more are eAPitalised at cost. Freehold land is not depreciated. Investm•nt prop•rty Investment Properties for Nthich f8Sr value can be measured reliably wilhoul undue cost or effort are m88sured al fair value at each reporting dale wlth changes In falr value recognSsed In 'net galns I IkJss8sI on Investments, Sn the SOFA. Stoeks Stocks are stst8d al lower of cost and esdmated selllng prte less costs lo ccfflplele and sell. Co81 includes all costs of purchase, costs of wnverslon and other costs InBurr8d In bringlng 8tod( lo its present location and condllion. Cost is calculalgd using the first-in, first-out forniula. Prowsion Is made for damaged, obsolete and slow-movlng stock where appropriate. T•xatlon The ch&rily18 exempl from lax on its charttablg actlvltles. Fund accountlng Unrestrfcted funds can be used In accordance th the thaTltable objectlves al the dlscrellon of the Iruslees. Restricted fijnds can only be used for partlcular restricted purposes thIn the objecls of the tharfty. Restriction8 orise when speclfied by the donor or when funds are raised for particul8r restrictsd purpos88. Furth&r explanètion of Ihe natura and purpose of each fund Is Indutled In th& not88 lo the financlal ststements. P•n•lon colts and ath•r po•t4•tlr•mgnt bgnefft¥ The charty operdles a defined contribubon p8ngion scheme. C¢)ntributions pay8ble lo thè charitys pènslon scheme ar• charged to the Statement of Finanaal Actiwties in the period to which they relat8. D•bt¢ri and crndltors recel¥ablelpayabl• wlthln ane year Debtors and uedilors wlh no stsled in18resl rale and receivabl8 or payable Ythin cffle year are recordad 8t trans8cfjon price. Anylosses arising from Impalm*nl are recognised In expendItu. Cash and eAsh •qulvalent¥ Cash and cash equlvalents are defined as being hlghly Ilquid. wilh a 8hcrt malurily ol less than 3 rrTonlhs. Golng Conc•rn The financial statements have been prepared on a going CrCern basis as the tnjstees belleve that no material uncertainties exist. Th¢ Irusteps have considered the level of funds held and the expected level of income and expenditure for 12 months from Authorising these financi81 slalernenls. The budgeted income and expendlture is Sufflent with the level of reserves fcf the th8rity to be able to continuo as a going concern. Leases Rentals payable and receivable under OFerating aseS are charged to the SOFA on a straight Ilne basis over the period of Ihe lease. Page 9 continued...
WARWICK ROAD UNED REFORMED CHURCH NOTES TO THE FINAMCIAL STATEMENTS- continu•d for th• y•ar •nd•d 31 D•e•mb•r 2025 OThER TRADING ACTIVITIES 31.12.25 31.12.24 Calerfng InMe 32,460 33,152 INVESTMENT INCOME 31.12.25 31.12.24 105.740 1.579 100,347 2,456 Deposit accounl interest 107,319 102,803 RAISING FUNDS Inv•Btm•nt m•nag•m•nt cojti 31.12.25 31.12.24 Staff costs Property repalrs Ratss and w8tgr Llght and heat Tro1 Interest payablg and sSmSlar charges 22.408 9,270 1,717 17,734 845 23.795 6,492 1,280 8.720 816 1,185 51,974 42,288 GRANTS PAYABLE 31.12.25 31.12.24 Grants & donations ol th¥ ¢hurch 1,770 1,750 All of the grants and donotions payab18 In the ye8r were rnad8 10 th8r41abb Sn8tllulions working in the Coventry Brea. INDEPENDENT EXAMIMER'S REMUNERATION Fee8 payable lo Ihe chBrSVs Independent 8xamln8r8 for the Indepondwtt examlnalSon of ihe charlvs rinanual statements totalled £2,445 12024.. £2,2051- Fees payablg to ihe tharivs independent examiners for accovnlancy services lotalled £2,44512024= £2.2051. Page 10 conlinued...
WARWICK ROAD UNrrED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - contlnu•d for the year end•d 31 Dec•mb•r 2025 TRUSTEES, REMUNERATION AND 8ENEFITS During the year no trustees receivod remunerallon or other benefits fDr their duties as a iruslee, one tnJ51ee was employed by the church as an adminislration 8SSiStant and received remuneration totalling £6,089 12024.. £5,854). There were no trustees. remuneration or other benefits for the year ended 31 Dember 2024. Trustees. exp•ns•* There were no trustees, eXnSS paid for Ihe year ended 31 Decembgr 2025 nor for the year ended 31 Oecembor 2024. STAFF COSTS 31.12.25 31.12.24 Wages and salBries Othei pension costB 60.657 955 60,230 999 61,612 61,229 The average monthly number of employees during the year wa5 as follows.. 31.12.25 31.12.24 No employ88s receThied 8molumentB in exces5 of 260,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestylcled funds Reslricied funds Tolal fund8 INCOME ANO ENDOWIAENTS FROM DonAllon8 and legacies 18,390 18.390 Other Iradlng actlvities Investm8nl income Other Income 33,152 102.600 447 33.152 102,803 447 203 Total 154,589 203 154,792 EXPENDITURE ON Raising fvnds 78,122 78.122 Charlt•ble activitios Grants & don8tions of the church 1.750 1,750 Church 95.776 95.776 T¢Aal 175.648 175.648 NEf INCOMEIIEXPENDrruREI 121,059) 203 120,8561 Page11 ¢J)nlinued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE F114ANCIAL STATEMENTS- contlnued forth• y•ar •nded 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontSnu•d Unrestrfcted Reslrfcted funds fijnds Total funds RECONCILIATION OF FUNDS Total funds brcljght fonwdrd 1.527,842 9.787 1,537.629 TOTAL FUNDS CARRIED FORWARD 1,506,783 9,9 1,516,773 10. TANGIBLE FIXED ASSETS Flxtures and fitting$ Fraohold propety Totsls COST At l January 2025 and 31 December 2025 838,315 53,993 892,308 DEPRECIATION Al 1 January 2025 Charge for year 30,360 1.320 52,100 595 82,460 1.915 Al 31 December 2025 31,680 52,695 84.375 NeT BOOK VALUE Al 31 Decgmbgr 2025 806,635 1,298 807,933 Al 3108cemb8r 2024 807,955 1,893 809,848 11. INVESTMENT PROPERTY FAIR VALUE Al 1 January 2025 and 31 December 2025 675,000 NET BOOKVALUE At 31 December 2025 675,000 Al 31 December 2024 675,000 The Inve31rnent properues are used for Income generating purposes arld were v8lued at 11 April 2022 by . Godfrey-Payton. Chartefed Surveyors. The Trustees consider that thls voluatlon Is not rnalerially different ot 31 D¥cember 2025. Page 12 continued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS - continu•d for the y•ar endod 31 D•c8mb8r 2025 12. STOCKS 31.12.25 31.12.24 Stod(s 365 339 13. OEBTORS: AMOLINTS FALLING OUE WITHIN ONE YEAR 31.12.25 31.12.24 Glft ald debtor PrepByments 8nd accrued Income 3.555 6.407 2,600 613 9.962 3,213 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.12.25 31.12.24 Accruals and defeffed Inm0 23,804 13,758 15. LEASING AGREEMENTS Tol81 fu1U mlnimum lease paymants rec9N8b for the rental of Untt 12 under non-cancellable operating leases are 88 follow8.. 2025 2024 Withln one year Be&¥n one and five years 24.]0 40,000 24.000 64,000 64,000 86,000 16. MOVEMENT IN FUNDS Net movement in funds Transfers bett¥e8n funds Al 31.12.25 A11.1.25 Unre$trl¢ted fund General ftjnd Designated lund 16,935 47,824 3,459 68,218 1,4B9,848 11,915) 1,487,933 1,506,783 47,824 1.544 1,556.151 Restrlct•d fund• Other restricted funds Leslie Cook8 Fur)d Roof repairs 1.567 5,826 2.597 120} 1,547 11,0531 11,S441 9,990 1905} 11.5441 7.541 TOTAL FUNDS 1,516,773 4e,919 1,563,692 Page13 continued...
WARWICK ROAD UMITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS-conlinu•d for tho ygar end 31 D8Mber 2025 MOVEMENT IN FUNDS - continu•d Net movement in funés. induded In the above are as folbws.. Ir¥Ing resources Resr¢e9 expended Movement in funds Unr•strict•d funth General ftjnd 243,477 1195,6531 47,824 R•$trlet•d fvnds Other restricted funds Leslle Cooke Fund Roof repalrs 1201 120> 168 11,053) 168 11.0531 168 11,073} 19051 TOTAL FUNDS 243,645 1196,7261 46,919 Compar8tlv•• for mov•m•nt In fund¥ Net movement In fvnds Tran5fer5 bettyeen fvnds At1.1.24 31.12.24 Unrnstrlct•d fund• General frjnd Do$lgn8led fund 65.972 {21,0591 127.978) 16,935 1,461,870 27,978 1,489,848 1,527,842 {21.0591 1,506,783 R•strict•d fund$ Other r851ricted lunds Leslie Cooko Fund Rcof repairs 1,567 5.623 2,597 1,567 5,828 2,597 203 9.787 203 9,990 TOTAL FUNDS 1,537.629 120,856) 1.516.773 Comparative net movemonl In funds. included In thè above are as follow8.. Incoming resources Resources expended Movement in funds UnrestrSeted funds Generdl fund 154,589 (175,648) 121,0591 Restrlcted funds Leslie Cooke Fund 203 203 TOTAL FUNDS 154.792 {175.648) {20.8561 Page 14 continued...
WARWICK ROAD UNITED REFORMED CHURCH NOTES TO THE FINANCIAL STATEMENTS- contlnued for th• y•ar •ndod 31 DecombBT 2025 16. MOVEMENT IN FUNDS- ¢ontinued The general reserve represents the free reserves of the charity that are not designated ( r95triGled for Particular purp098S. The dgnated fuThJ has b88n $8t up to enable identifjrAtion of those funds that are not free funds. It represents the net book amount of tsngible fixed assets and investment properties lass related creditors. In the 2024 year a legary was received which h85 b8en designated to support church repairs and lulure expenditure relating lo a Pastor. The r85tricted fund is made up of 8 numb8r of small funds those with balances at the year end include= The Wesl Orchard URC fund was received to Supp outreach w(xk wlthln churth. The Spark In The Park fund w8s glven in suppJrt of an event held for Coventy churthes wth the aim of aitracting new membars. The Church Roof RepaSr fijnd was given ¢0 repair the Churth roof. The Lesli8 Cook8 fijnd was transferred lo the church in the year when the Lesl59 Cooke Memod81 Fund was merged wth Wamick Road URC, this happened on 1410312017. The fund was s81 up lo allow the puthase of books. wrfting or othtrr educadonal materials for the benefit of Ministers of religion, lay)reach8rs or sludtnts of any Unile¢J RefoTmed Church within the Unlted Klngdom and the prov18ion of book8 for Worship within any Unlled Refomied Church within tho Uniltd Klngdom. Transf•rn b•tw••n fund• From G•ner81 Re8erv•s to Flxod A8681 d88Sgnated fund rekyesenting the general fund movement relating to fixed assets. From the Roof Rèp8irs restricted fund to the G8n8r81 Rarv&S repmsenung hlsloric expenditure regarding roof repairs previousty pos(ed to th8 G8n8ral Reserves. 17. RELATED PARTY DISCLOSURES Tho totsl amount of don8¢1ons received without conditions from the trustees and related partl8s was £6,69012024- £6,691). There were no other related poty transaclions made In 2025. Page 15