BINGLEY UNITED REFORMED CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2024
BINGLEY UNITED REFORMED CHURCH ROPERTY TRUST CHARITY REGISTIL4TIOI% .tyUMBER 243345 Address of the chari Dryden Street, Bingley. W¢st Yorkshire BD16 2LU Address for corres ondence: Bingley United Refornied Church. Dryden StreeL Bingley, West Yorkshire, BDI 6 2LU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PRESENTATION TO THE ANNUAL GENERAL MEETIliG TO BE HELD ON THURSDAY 25ih ri12025 STRUCTURE GOVERNANCE AND MANAGEMENT The charity is a trust governed by the terms of the Charity Commission SCHEME dated 20 December 2002. number 243345. There are two linked irusts under this nurnber. The Elders of the church administer the trust. the propety of which is held by the sole trustee. The Yorkshire Congregational Union {Incorporated). in ac¢ordan¢e with Model Trusts set forth in Part l of Schedule 2 to the Unitrd Refomed Church Acl 1972 (as amended). Day to day maintenance of the buildings and letting of the shop properties is delegated io the Church Property Committee. The members of th¢ wmmittee and the Elders are elected by lh¢ ¢hur¢h meeting. There have Eten 12 meetings of the Elders through the year. Church mtttings took place in Marth. June. September and December, with the AGM tsking place in April. The Property Committee had one fonnal meeting during ihe year. Committee members also met on an ad-ho¢ basis. or by telephone, to ensure any required actions wer¢ completed. AIMS AND PURPOSES The purpose of Bingley United Refonned Church is to advance the Christian faith for the ben¢fit of the public in a¢cordance with the statements of belief appearing in the Basis of Union of The United Refornied Church Manual. OBJECTIVES AND ACTtvtTIES OF THE CHURCH The Elders of the church are committed to enablin8 as many people as FKIs5ible to worship at our hurch and become part of our community. Our servlces and worship put faith into practice ihrough prayer and scripture, music and sacrament. When planning activities the Elders take note of the Charity Commissions guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Jn particular we try to enable ordinary people to live out their faith as part of our community through: worship, learning about the gospel and developing their knowledge and trust in Jesus. pastoral Care. missionary and outreach work. To facilitate ihis the church.. supports the mission objectives of The United Reforn)ed Church. of which it is a member church, with particular reference to iheir application in Bingley It is a condition of the Trust that the Trustee and the ChUh Elders must apply the clear income of the harity in the repair, maintenance and improvement of the church premises and the associaled
properties, and in oiherwise furthering the religious and other charitsble work of Bingley United Reformed Church. ACHIEVEMENTS AND PERFORMANCE CHURCH ACTIVITIES: We provide and maintain a church building, which was two hundred years old in 2018. for Christian worship and associated meeiings and ceremonies for all who wish to attend. It was built on land gifted to the church in 1773 because the original chapel in Chapel iAn¢ was too small to accommoda* a growing congregalion. WORSHIP Worship took place through the year. being led by our minister, visiting ministers. lay prea¢h¢rs. and church members. Our minister was unfortunately unable to carry out moll of her usual commitments due to illness. In addition to the nomial Sunday services, we h¢ld a ser4ice on Maundy Thursday. The Lent Group met on 4 occasions in March, for bible reading. prayer and discussion. The Bible Fellowship for spirilual refreshmenl and growth met monthly during the year. This open meeling can include Fellowship, prdyer. music. Stillness. Bible reading and refleclion. Singing for Fun Thcre were 12 meetings of the Singing for Fun group. which is an all-inclusive group for members. attendees. and anyone else who enjoys singing and fellowship. l am Mark We had hoped to hold this one-man dramatizcd reading of Mark's Gospel by a professional actor in 2024, working with ihe other churches in Bingley. bul it has been held over unlil 2025. Bingley URC is providing the funding and is working wilh Bingley Parish Church in organising ihe event. It will be held on Sunday 6 April al Bingley Parish chUh as li has suificient seating capacity for the hoped for audience. OPEIY CHURCH SATURDAYS.. The church has been opened once a rnonth on a Saturday on 7 occasions through the summer months providing an oprK)nunity for anyone to come in for rest. relaxation, a light lunch, prayer or just a look round. WARM WELCOME and SUMMER SPACE MONDAYS: the church wa5 open as a "Wam Space" or "Summer Space" depending on the tim¢ of year on Mondays through January to August 2024 offering wam)th, hot and cold drinks. and a¢tiviti¢5. Although the take-up has been small it has been appreciated, not least as a place for church members lo socialise. External groups who would nomially use the church met through the year. These included the Girl Guide Leaders group (Trefoil Guild) and sewing classes. Facilities were also made available for a bereavement counselling group to meet when rquired. Safeguarding The Church Safeguarding Group continues to care for the welfare of children and adults in lh¢ church. The Safeguarding Policy wa5 restructured to fit more closely with ihe URC Model Policy in 2022, but the URC 'Good Practice, d(Kument wa5 reissued in late 2023 as version 6. The policy is routinely reviewed annually and approved at the AGM to tak¢ account of such changes in legislation 8nd guidance. Safeguarding is on the agenda for every Elders Meeting Policies and Guidance In addition to the Safeguarding Policy other policy documents reviewed annu311y and put for approval at the AGM in 2024 were the Chureh Constitution, the Health and Saf¢ty Policy? The Data
Privacy Statement. the Finance Policy? the Fire Risk Assessment and the Asbestos Management Policy and Register. All the do¢uments were approved at the AGM. The defibrillator. which was installed on an external wall in 2018, was accessed 7 times during the year by members of the public but fortunately did not have to be put into use on the paiients. Our church membership at the end of 2024 was 28. a small decrease from 31 in 2023. CHARITABLE WORK: The church has continued to provide financial assistance to the Immanuel Project in Bradford in 2024. 2 donation of £1,000 meeling the cosl of their subscription to "Fair Share" an organisation which provides food to them sourced from supemiarkets, excess Stock etc... The Project provides meals (which were take-away during the pandemic but now back to nornial) and a range of support to the most disadvantsged in central Bradford. The grnnt is likely to be continued in future years. Food and dried goods were also donated throughout the year by church members to the Centrepoint {Owlet Grange) Project (fornierly known as The Bradford City Centre Project). They also received all our Ha¢s¢ gifts. The church was able to hold the nornial six charity fundraising coffee mornings during 2024, in aid of Christians Against Poverty (CAP £250), Martin House (£264), Ataxia UK (£307), ShelterBox Ga3A Appeal (£414), the Leprosy Mission (£430) and the Church Christmas Charities (£200 each for Shelter and the Bradford Soup Run). Gift Aid is claimable on some of these funds and will be lorwarded to the chariti¢s when received in 2025. Church members continued to donate to the Leprosy Mission and a total of £71 was Collected this year. The church family again came together to make-up or donat¢ items to fill shoeboxes, this year for Teams4U (Charity No. 1114131). A total of 64 boxes were packed and despatched to Eastern Europe. Again. it was a joint effort across the congregation who helped in a multitude of different ways lo ensure the end products contained a comprehensive range of items. stationery. toiletries. hats, gloves, socks and underwear. toys. games and novelties. Exlra hand knits and Ixix fillers were gratefully received by Teams4U. The balance of the costs including carriage (£528) was made up from church funds. PROPERTY ADMINISTRATION: We mainlain the church building. a l¢ased residential property {the cottage) that fomis part of the church building and a separate building which houses four leased commercial shoploffice properties, the r¢ntsl income from which is used to further the church's work in Bingley. Maintenance work on the church included PAT checks, Fire alarn) checks, gas service check5. servicing of loop system, the organ and door locks. On the recommendation of the Structural Engineer steel reinforcing plat¢s were fitt¢d to the queen post Irusses in the roof. Th¢ flashing over the side door was replaced by a full lead cover. Work was started on the replacement of the lead lining to the gutters, the church being fully scaffolded to allow this to be done. Unfortunately. it was found that the stone slates were too brittle to allow them to be lifted and new lead placed under them. It was agreed ihat the best way forward was to replace th¢ stone with Welsh slate. Planning permission will be applied for this change but as part of that a bat survey was required. This identifi¢d that bats were present externally, so four more checks are required over the winter and summer of 2024125. The results must be submitted to English Nalure and their recommendations forni part of ihe planning process. Illwhen planning approval is given a licence must then be obtained from DEFRA which will specify when the work can be carried out. At this stage we are provisionally planning for lale 2025. alihough it may have to be in 2026. All the shoploffi¢e properties were leased to ten8nts during 2024. One lease ended in December 2024, but a new tenant has taken over the property.
The only maintenance required on the shops was for replacement of ihe ridge til¢s on part of the remises and the routine fire alann checks. Th¢ ¢ottage lease will be up for renewal in 2025. The only maintenance required was ihe routine gas heater servi¢e and fire alami checks. The church has minimised its carbon emissions as much as possible and this year more than offset its carbon emissions from gas and electricity by purchasing carbon ¢r¢dits equivalent to 6 tonnes of carbon dioxide. FINANCIAL REVIEW Leased Pro ertie5: Rental income was £33.6k. down from the £35.4K last year due to trading difficulties. Expenditure on maintenance was £4.95k, the major item being the ridge tiles. Insurance was £3.047, up from £2,21 l in 2023. Professional fees were £1.200. being rent review and lease consultsncy on 122all 24a and 130 Main Street. Expenditure on minor maintenance of the residential property was £60, down from £205 in 2023. There was a surplus of income over ¢xpenditure of £24.3k, a decrease from the sUlUS of £30k in 2023. The Yorkshire Congregatlonal Union, as landlord, hold £7,290 as l¢nants' rent deposits. Interest for the year of £255 was paid directly to the tenants as required by the leases. Church Buildin Maintenance costs were £20.5k {up from £6.7k in 2023}. the major costs being for scaffolding and lead work. Insurance was £4.6k similar to the previous year. Professional fees were £2.3k. This included the Principal Designer Fee for the gutter work and the first bat survey. Church O ratin en$es: Expenditure was £27.9k, a de¢reAse on the £27. Ik figure in 2023. The URC payment for 2024 was £12,120, an increase on the £l1.688 paid in 2023. Income slightly increases (from £20.7k in 2023) to £24.5k, although there was also a transfer of £7k from the property funds (was £4k in 2023). Income from collections and Gift Aid increased to £18.8k (was £17.1 k in 2023}. Income from lettings in¢r¢ased to £2070 (£1690 in 2023). The Church Operating Expense Balan¢e was a surplus of £3,697, compared to a deficit of £2,427 in 2023.
Combined Accounts The deficit of Income over Expenditure for the year was £4.05k. (£3.7k surplus from church, £7.75k deficit from property) compartd to a surplus of £13.Ik in 2023. Funds The totsl unrestricted funds at ihe year-end were £132k. a decrease from £138k in 2023. A new fund has been created, Ihe Church Roof Fund with an initial allocation of £56,000 drawn from other funds &$ noted below. The Church General MaiDtenan¢e Fund is decreased by £30.000 to £15.500 to provide for anticipated minor repairs. The Man5¢ Maintenance Fund is unchanged at £5,000. to provide a Tealistic reser4e for repairs. The Shop MaintenaD¢e Fund is decreased by £IO.000 10 £29k to provide a realistic reserve for repairs. The Chureh Support Fund is decreased by £15.1)00 from £30k to £15k. This provides a reasonable cushion of 0.5 years income to cover the cvenluality of loss of rentsl income etc. if shops cannot be let. The Church Special Projectsimission Fund is unchanged at £5.Ok. This includes £600 for Shoe box expenses and allows for any one-off expenses recommended by the Mission Group. Declr¢io The Elders can confimi that there are no serious incidents or other matters which need to be reported to Ihe Charity Commission. The Elders can confirni that they have had regard to the Buidan¢e issued by the Charily Commission on public benefit. The Elders can confinn that they approve the Report and Accounts for 2024. Report approved by the Elders at ihe Elders meeling on 12 March 2025. Sign¢d..... Alison Kuhne, Church Secrctary ..Date....
BINGLEY UNITED REFORMED CHURCH REPORT OF THE INDEPENDENT EXAIMINERS TO THE MEMBEILS OF THE BINGLEY UNITED REFORMED CHURCH ON THE ACCOUYTS FOR THE YEAR ENDED 31sf DECE.MBER 2024 I report to the charity Iruslees on my examination of the accounts of Bingley United Refornied Church (the Trust) for the year ended 31 December 2024, which are set out on pages I to I l. Responsibilities and basis of report As th¢ charity trustees of the Trust, you are reSnSIble for the preparation of the accounls in accordan¢e with the requirements of ihc Charilies Act 2011 fthe ACV). I report in respect of my examination of ihe Twsi's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Seclion 145(5Xb) of the Act. Independent examiner's statement I have completed my examination. I confinn thai no material matters have come to my attention in connecllon with the examination giving me rAuse to believe that in any material respect: I, ac¢ounting records were not kept in respecl of the Trust as required by Section 130 of the Ac( or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulaiions 2008 other Ihan any requiremeni that the accounts give a true and fair view which is not a matler considered as part of an independent examination. I have no concerns and have come across no oiher matters in connection with the examination to which attention Stephen McGevor, BA (Hons) FCCA Stirk Lambert & Co Chartered Accountants Russell Chambers 61A North Street Kei8hley BD213DS Dated: 24- 19pf21 L 2s
BINGLEY uiYrtED REFORMED CHURCH COMBILYED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST DECEMBE 2024 2024 2023 INCOME Church General Fund Property Trust Fund Gross Income 24,587 20,723 62.040 59,778 LESS: EXPEIYDITURE Church General Fund Property Trust Fund 27.890 27.150 66.091 46,870 Surplusl(Deficit) of Income over Exp¢nditure for the year Page I
BINGLEY UNITED REFORMED CHURCH CHURCH GENERAL FUIYD - JNCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST DECEMBE 2024 INCOME 2024 2023 Collections & Gift Aid 18,761 17.183 Donations Received Sunday Morning Tea & Coffee Donations Funeral Donations General Donations 400 2.000 333 50 145 2,518 528 Other In¢ome Room Lettings Warni Space Grant URC Energy Grant 2.070 1,238 1,690 i.iio 212 3,308 3,012 24,587 20.723 Transfer from Property Trustees 31.587 24,723 Excess of Expenditure over Income for Year 2.427 31,587 27,150 Page 2
BINGLEY UNITED REFORMED CHURCH CHURCH GENERAL FUND - INCOME AIYD EXPENDITURE ACCOUNT YEAR ENDED 31ST DECEMBE 2024 EXPENDITURE 2024 2023 URC - Annual Levy Minist¢rs and Organisl Minster Expenses {s¢e page 9) Cleaning Costs Gas Ele¢tricity Water and Sewerage Stationery. Printing. Advertising and Postage Sundry Expenses Church Maintenance Donations given (balance from church funds, see page 8) Accountants Fees (2023 Accounts) Music and Video Licenses Books Telephone and IT Shoebox Expenses & Carriage Transport Warm Space Depreciation for the year 12,120 940 2,217 ,728 1,850 674 179 377 678 726 2.227 960 239 30 614 528 445 1,238 11,688 1.000 2,371 1,705 1,032 1,123 246 538 1,097 1,263 ,416 959 223 49 281 528 401 I,iio - | I 120 27,890 120 27,150 Surplus of Income over Expenditure for the year 3,697 31.587 27,150 Page 3
BINGLEY UNITED REFORMED CHURCH PROPERTY TRUST FUIYD - INCOME AND EXPENDITURE ACCOUIYT YEAR ENDED 31ST DECEMBER 2024 INCOME 2024 2023 Gross Rental Income Interesl on C.O.l.F. and Skffipton Deposits Donations 33,608 3,845 35.445 3.610 37,453 39,055 EXPENDITURE Sho Pro erties Fire Insurance Repairs and Maint¢nan¢e Professional Agents Fees 3,047 4,954 1.200 2,211 641 2,492 9,201 5,344 Chureh Buildin Fire Insurance Maintenance Equipment Professional Fees Expenditure on Cottage.. Heating Maintenance Contract. Repairs & Professional Fees 4,641 20,519 ,460 2,320 4.639 6,683 423 2.426 60 205 38.201 19.720 Transfer to Church Gener21 Fund 7,000 4,000 45.201 23.720 Surplus (Deficit) for the year (7.748) 15,335 Page 4
BINGLEY UNITED REFORMED CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2024 ASSETS 2024 2023 Church and Commercial Properties (see Note l) {original cost unknown) CHURCH GENERAL FUND ASSETS Cash with Barclays Bank. Bingley-" Curreni Accounl Petty Cash tkbtor- Idle URC & Yorkshire Province Ison Harrison (Tenants deposits) Note 2 3,183 276 .000 5.250 ,174 223 ,000 5,250 9,709 7.647 Church Organ at C05t (Bought De¢¢mber 2011) Digital Piano at Cost (Bought October 2016) Less-. Annual Depreciation Less.. Accumulated Depreciation 5,200 1.200 (120) (6.065) 5,200 1,200 (120) (5,945) 215 335 PROPERTY TRUST FUND ASSETS Cash in Barclays Bank Bingley:" Current Base Rate Tracker Note 3 6,815 9,160 1.636 6,815 10,000 105.048 5.657 10.796 i 0,000 109,150 5,465 C.O.l.F. Charities Fund Deposit Skipton Building Society Debtors and Prepayments 127.520 135,411 137,444 143,393 Page 5
BINGLEY UNITED REFORMED CHURCH BALANCE SHEET AS AT 31ST DECEMBE 2024 LIABILTrtES 2024 2023 CHURCH GENERAL FUND LIABILITIES Balance Brought Forward Add: Surplus (Deficit) for the Year Add: Creditors this year Add.. Ison Harrison (Tenanls deposits) Less-. Creditors last year ote 2.732 3.700 2.270 5,250 (4,028) 3,259 (2,427) 4,028 5,250 (2,128) 9,924 7.982 PROPERTY TRUST FUND LIABILITIES ote8 Sho Maintenanee Fund Balance Brought Fonvard Less: Transfer to Church Roof Fund 39.000 39,000 29,0(K) 39.000 Income and Ex nditure Account Balance Brought Forward Add: Sutplus for ihe Year Add: Credilors ihis year Less.. Creditors last year Less: Transfer to Church Roof Fund Less: Transfers to Maintenance Fund 10.911 {7,747) 2.009 {2.153) (1.000) 9.412 15,335 2,153 (5.989) 2,020 10,911 Church Roof Fund Add: Transfer from Shop Maintenance Fund Add: Transfer from I&E Fund Add: Transfer from Chur¢h Maintenance Fund Add: Transfer from Church Support Fund i 0.000 1.000 30,000 56.000 Church Maintenance Fund Balance Brought Forward Add: Transfer from Income & Expenditure Alc Le.. Trdnsfer to Church Roof Fund 45,500 35,500 10,000 15,5(Kl 45.500 Church Su ort Fund Balance Brought Forward Less: Transfer to Church R)f Fund 30.000 30,000 15.000 30.000 Manse Maintenance Fund Balance Brought Forward & Carried Forward 5,000 Church S ecial Pro 'ectslMis5ion Fynd Balance Brought Forward & caled Forward 127.520 135.411 137.444 143,393 Page 6
BINGLEY UNITED REFORMED CHURCH BALANCE SHEET Continued AS AT 31ST DECEMBE 2024 R. S QR&Gok/. Property Commilt¢¢ Treasurer Date Page 7
BINGLEY UNITED REFORMED CHURCH YEAR ENDED 31sf DECEMBER 2024 SCHEDULE OF DONATIONS see Note 9 Donations given to Charities Money received toward Donations Balance from Church Funds At&Kiz UK Bradford Soup Run Bingley Methodist Chur¢h Christians Against Poverty Chrlstian Aid Christmas Charities Ernbracc The Middle East Friendship Fund Imanuel Project Leprosy Missiori Martin House Motor Neurone Disease Shelter Shelerbox Trust Sightsavers Tools With A Mission 307.00 222.00 75.00 282.00 289.00 (307.00) 222.00 75.00 32.00 289.00 (279.00) 500.00 50.00 1,000.00 (250.00) (279.00) 500.00 50.00 i.000.00 501.00 264.00 54.00 222.00 414.00 61.00 38.00 (501.00) (264.00) 54.00 222.00 (414.00) 61.00 (38.00) 4,279.00 (2,053.00) 2,226.00 Page 8
BINGLEY UNITED REFORMED CHURCH NOTES TO THE ACCOUNTS - YEAR ENDED 31ST DECEMBER 2024 BASIS OF PREPARATION The financial statements of the charity. which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their aOuntS in accordan¢e with the Financial Reporling Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities A¢t 2011. The financial statements have been prepar¢d under the historical cost convention. INCOME All income is recognised in ihe Statement of Financial Activities on¢e the charity has entitlement to the funds, it is probable that the income will be received and the amount Can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legAI or Constructive obligation ommitting the Charity to that expenditure, it is probable that a Iransfer of economic benefits will be required in settl¢ment and the amount of ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to ihe category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TAXATION The ¢harity is exempt from tax on its charitable activities. FUND ACCOUNTING Unrestricted fijnds can be used in accordance with the charilable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted pury)oses within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in ihe notes to the rinancial statements OTHER ASSETS Land and Buildings: Church - Dryden Street, Bingley. Commercial Properties, 122 - 130 Main Sireet, Bingley. Original cost unknown. CHURCH GENERAL FUND Income can be found on page 2. Expendittl can be found on page 3. Page 9
BINGLEY UIYITED REFOILMED CHURCH NOTES TO THE ACCOUNTS - YEAR ENDED 31ST DECEMBE 2024 PROPERTY TRUST FUND Income and expenditure Can b¢ found on page 4. SCHEDULE OF DONATIONS This sch¢dul¢ Can be found on page 8 and shows the total donations made to charities on behalf of the church. the amounts originally givenlraised by the parishionerslcommunity and the balance donated from church funds. io. MILYISTRY & MISSION FUND The ¢hurch conlributes to the central URC costs of training and providing ministers (including the rentralised paymenl of stipends. pension contributions and other benefits for ministers), running the denomination, and the wider mission of the national church. ii. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rntes calculated to write off assets over their estimated useful lives= Equipment (including IT iiems) IIP/o straight line (over 10 years) Page 10
BINGLEY UNITED REFORMED CHURCH PASTORATE ACCOUNT YEAR ENDED 31 ST DECEMBER 2024 EXPENSES 2024 2023 Council T Telephone & Broadband Fixed Car costs National Insurance (including Pl ID) Mileage Travel Books Service Sheets & Postage Holy Habits Minsters Gathering Palm Crosses Yorkshire Water Manse Insurance Supervision Summer School Mance Maintenance 906 160 400 77 31 589 160 400 77 259 26 95 30 145 134 87 481 113 84 329 2.217 2,371 Pagell
BINGLEY UNITED REFORMED CHURCH ADDENDUM TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2024 RESERVES POLICY The following are "Pernan¢nt Endowments" and do not qualify as reserves: a) Church, Dryden Street (no current valuation) b) Commercial Properties 1221130 Main Slrttt {no Cuent valuation) The following "Unrestricied Funds" are considered as Reserves and are all in the fom of deposits and investments: 2024 £ 4.674 £ 29,000 £ 2,020 £ 15.5(K) £ 15.000 £ 5,000 £ 5,000 2023 £ 2,732 £ 39.000 £ 10,911 £ 45,500 £ 30,000 £ 5,000 £ 5.000 ¢) General Fund d) Shop Property Maintenance Fund e) Incorne and Expenditure Fund Church Mainienance Fund 8) Church Support Fund h) Manse Maintenance Fund i) Church Special Projecislmission Fund j) Church Roof Fund Total Unrestricted Funds £132 194 138 143 One Fund. Shop Property Maintenance (£29.000), is a Designated Fund, intended to provide res¢rve for ongoing repairs and Maintenance of the Commercial Properties. The Chureh Maintenance Fund. (£15.500) is a Desi8naied Fund to ensure that necessary minor repairs can be funded. The Manse Maintenance Fund (£5,000) is a Designaied Fund to ensure that necessary repairs can be funded. The Chureh Roof Fund (£56,000) is a Designated Fund intended to provide for the necessary roof and gutter repairslreplacements. It is anticipated that grani aid will be required to meet the ¢xpected costs. The remaining Unrestricied Funds are not Designated Funds. but in totsl are intended to provide for the following.. l ) Church Support - Nominal £15.000 to ensure at least 6 months of the fundin8 required when a minister is in place. 2) Spe¢ial Projects - Nominal £5.000 to ensu funding for Shoe boxe5 and any one-off expenses proposed by the Mission Group. The requirement for any and all of the above is dc¢¢miined by the Church Meeling and lewed on at l¢ast an annual basis. The Income and Expenditure Fund may be re-allocated to other funds as required by the ministerial situation and the recommendations of Éhe Elders and Property Committee. Policy to b¢ pui for approval with the 2024 Annual Accounts at the Elders Meeting to be held on the 12th Mydrch 2025. Page 12