THE UNITED REFORMED CHURCH (SOUTHERN SYNOD) TRUST LIMITED

Charity number: 282270
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Its object is to advance the Christian religion in accordance with the doctrine, principles and usages of the United Reformed Church, particularly in the Southern Synod. It has achieved this by continuing to act as Corporate Trustee and Agent for the Southern Synod of The United Reformed Church by holding properties and assets as nominee and handling income and expenditure.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£3,366,677

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Donations and legacies £34.82k
Charitable activities £387.02k
Other trading activities £0
Investments £1.15m
Other £1.79m

Total expenditure:
£4,286,990

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Raising funds £159.31k
Charitable activities £3.26m
Other £866.78k

£1,138,800 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.03m
Charitable expenditure £3.26m

People

8 Employee(s)

8 Trustee(s)

15 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Religious Activities
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • East Sussex
  • Kent
  • Surrey
  • West Sussex
  • Throughout London

Governance

Registration history:
  • 14 April 1981: Standard registration
Organisation type:
Charitable company
Other names:
  • THE UNITED REFORMED CHURCH (SOUTHERN PROVINCE) TRUST LIMITED (Previous name)
Company number:
01529484 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
HILARY MILES Trustee 04 November 2021
None on record
Rev Bernard Sietse Fidder Trustee 11 February 2021
None on record
Rev RUSSELL JAMES FURLEY-SMITH Trustee 01 October 2020
PURLEY UNITED REFORMED CHURCH
Received: On time
Linda Margaret Austin Trustee 13 May 2015
None on record
ALAN DAVID KIRBY Trustee 27 November 2014
THE GEORGE STEWART CHARITABLE TRUST
Received: On time
JOHN HAROLD DENISON Trustee 27 November 2014
PURLEY UNITED REFORMED CHURCH
Received: On time
Rev BRIDGET JANE BANKS Trustee 03 May 2012
CENTRAL SUSSEX UNITED AREA
Received: On time
DAVID HENRY WALTERS Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £3.02m £4.23m £7.56m £11.27m £3.37m
Total expenditure £5.06m £2.58m £7.50m £3.70m £4.29m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £31.64k £141.79k £132.86k £20.60k £34.82k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £3.36k £45 £36.67k £86.84k £387.02k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £827.44k £537.76k £874.02k £1.14m £1.15m
Income - Other £2.16m £3.55m £6.52m £10.03m £1.79m
Income - Legacies £0 £0 £3.72k £3.00k £29.51k
Expenditure - Charitable activities £2.63m £1.88m £1.87m £2.34m £3.26m
Expenditure - Raising funds £9.11k £7.19k £7.21k £8.34k £159.31k
Expenditure - Governance £41.60k £52.80k £43.37k £77.14k £62.42k
Expenditure - Grants institution £1.77m £1.25m £1.08m £1.51m £2.58m
Expenditure - Investment management £9.11k £7.19k £7.21k £8.34k £159.31k
Expenditure - Other £2.42m £695.00k £5.62m £1.35m £866.78k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £582.22k £456.48k £406.59k £397.88k £282.54k
Long-term investments £24.07m £22.53m £25.43m £26.38m £28.09m
Other assets £1.29m £3.62m £6.99m £7.13m £6.71m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.56m £2.20m £5.45m £3.01m £3.96m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 23 October 2024 On Time
Accounts and TAR 31 December 2023 23 October 2024 On Time Download Open in new window
Annual return 31 December 2022 30 October 2023 On Time
Accounts and TAR 31 December 2022 30 October 2023 On Time Download Open in new window
Annual return 31 December 2021 28 October 2022 On Time
Accounts and TAR 31 December 2021 28 October 2022 On Time Download Open in new window
Annual return 31 December 2020 22 October 2021 On Time
Accounts and TAR 31 December 2020 22 October 2021 On Time Download Open in new window
Annual return 31 December 2019 29 October 2020 On Time
Accounts and TAR 31 December 2019 29 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 21/11/1980 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 24/11/2010 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 08/12/2010 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/01/2014

Charitable objects

THE ADVANCEMENT OF THE CHRISTIAN RELIGION FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE DOCTRINES, PRINCIPLES AND USAGES OF THE UNITED REFORMED CHURCH IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) BY SUPPORTING THE WORK OF THE SOUTHERN SYNOD OF THAT CHURCH

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
SYNOD OFFICE
EAST CROYDON URC
ADDISCOMBE GROVE
CROYDON
CR0 5LP
Phone:
02086883730
Email:
financeandtrust@urcsouthern.org.uk
Website:

www.urcsouthern.org.uk Open in new window