UNITED REFORMED CHURCH (YORKSHIRE PROVINCE) TRUST LIMITED(THE)

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

SMH Jolliffe Cork Audit Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial position at the Balance Sheet date is satisfactory and will enable the Charity to meet future obligations. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that individually or collectively may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “Two safeguarding concerns have been raised during 2024. The first concerned an incident at a particular church... The second concerned the actions of an officer of a particular church who has been suspended...”
• “In 2021, an aspirational offer of £1.675 million was made to The United Reformed Church Trust Ltd (the URCTL) from the Yorkshire Synod... Overall, the Yorkshire Synod contributed £550,000 to the scheme, with the last donation being in December 2023. During 2024 the URCTL announced that no further contributions were required as the deficit had been cleared.”
• “In 2024, the Synod Mission Fund approved 10 awards totalling £179,933, and rescinded a grant of £60,000 approved in earlier years. The Vision and Opportunity Initiative approved 12 awards totalling £138,821 and 1 withdrawal of £809. A grant of £4,259 was awarded to one church experiencing increased energy costs.”
• “The performance of the investment portfolios income received was 25% lower (2023: 8% higher) than the budget set by the Synod for 2024. At the end of 2024 the Synod was in a position, due to income from church closures, to invest £1 million which had been held in a deposit account, into a higher risk investment portfolio.”
• “The serious incident which the Trustees disclosed to the Charity Commission in 2018, relating to a particular church, is still ongoing. During the last 12 months, the Trustees have been in further discussions with the church and are continuing to assist the church in remedying some of the issues.”
• “In May 2024, the Synod held a 24 hour residential gathering at Hinsley Hall, Leeds, to which were invited, members of Synod Council, some staff members and other people who hold Synod offices. A list of some 12 work streams were formulated, all of which are being pursued and some of which have already come to fruition.”
• “Since the year end, 1 of these closed church buildings has sold for £245,000. A further church has also closed and an offer has been received for its building.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -29.7%

  £1,318,091 → £926,953

• Cash

  -44.3%

  £2,615,273 → £1,457,326

• Net assets

  +1.8%

  £10,475,641 → £10,664,576

• Employees

  +9.1%

  11 → 12

• Wages

  +16.6%

  £293,428 → £342,097

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers