UNITED REFORMED CHURCH TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £2,178k for the year ended 31 December 2024, driven by investment gains and actuarial gains on pension schemes. The trustees note that the current level of unrestricted reserves held is well above the stated target of £12.5m, although they acknowledge a financial deficit in operating activities that is being addressed through restructuring and cost reviews.
What the accounts disclose
“During 2024, one (2023: two) employee received emoluments, excluding employer pension contributions greater than £60,000 but less than £69,999, two (2023: nil) employees greater than £70,000 but less than £79,999 and one (2023: nil) employee greater than £80,000 but ess than £89,999.” — page 34
“During 2024, one (2023: two) employee received emoluments, excluding employer pension contributions greater than £60,000 but less than £69,999, two (2023: nil) employees greater than £70,000 but less than £79,999 and one (2023: nil) employee greater than £80,000 but ess than £89,999.” — page 34
“Based on the assessment above, the Committee felt that the Trust should aim to maintain its reserves of at least £12.5m.” — page 15
“During the year the United Reformed Church Trust recharged salary and staff costs amounting to £547k (2023: £305k) to the United Reformed Church Retired Ministers’ Housing Society Limited.” — page 49
Year-over-year changes
- Top pay band moved from £60,001 - £70,000 (FY2023) to £80,001 - £90,000 (FY2024).
- Employees paid over £60,000: 2 (FY2023) → 4 (FY2024).
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Leadership, per the charity’s website
- The Revd Neil Thorogood — General Assembly Moderator
- Kacie Hodgson — Youth Assembly Moderator
- Alex Clements — Youth Assembly Moderator-Elect
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (02/07/2024)
- Received assets from another charity (30/03/2022)
- Received assets from another charity (29/03/2022)
- Received assets from another charity (15/07/2018)
- Received assets from another charity (10/01/2012)
- Received assets from another charity (10/01/2012)
Trustees
- Clifford Neil Patten
- DAVID LATHBURY
- David Greatorex
- Dr Stephen John Thompson
- Rev JULIAN JAMES MACRO
- Rev James Breslin
- Rev Nicholas Mark
- Rev Sarah Moore
- Revd Dr John Paul Bradbury
- Robert Alan Yates
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £24.4m | £24.7m |
| 31/12/2023 | £28.7m | £26.6m |
| 31/12/2022 | £29.3m | £29.3m |
| 31/12/2021 | £34.1m | £24.1m |
| 31/12/2020 | £23.3m | £22.9m |
Common questions
Is UNITED REFORMED CHURCH TRUST financially healthy?
The accounts state that the charity reported a net increase in funds of £2,178k for the year ended 31 December 2024, driven by investment gains and actuarial gains on pension schemes. The trustees note that the current level of unrestricted reserves held is well above the stated target of £12.5m, although they acknowledge a financial deficit in operating activities that is being addressed through restructuring and cost reviews. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of UNITED REFORMED CHURCH TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 4 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/10/2014 | £10k | "'Our 15: remembered lives'" |