Trustees. Annual Report for the period
Period start Isate
Period eiid d(Ile
From
To
Section A
Reference and administration details
Charity name
Hungarian Refonned Church Foundation
other names charity is known by
The Hungarian Refomied Church in the UK
Regislered charity number (if any)
1026001
Charity's principal address
17 St Dunstan's Road
London
Postcode
W6 8RD
Narnes of the charity trustees who manage the charity
Trus¢ee name
l Dales acted If not for who
ar
Office lrfany)
Name of person lor body) entitle
lo appolnt trustee lif any)
Vilmos Attila Sandor
LajoF Meszaros
Botond Virginas
10
Names of the trustees for the charity, if any, (for exarnple, any custodian trustees)
Name
l Dates acted if not for whole
ear
Names and addresses of advisers (Optional infomiationl
e of adviser
Name
Address
Name of chief executive or names of senior staff members Ioptional information)
TAR
March 2012
Section B
Structure, governance and management
Description of the charitrfs trusts
Type of goveming document
Trust deed
How the charily is constiluted
Trust
Trustee selection methods
Elected by membership
Additional governance Issues (Optional infomiation)
Risk assessments were rrIed out for COVID-19. Regulations were
implemented in accordan with government guidelines.
As a result of those imFAementations and by the grace of God here were
no church attendan relat1 outbreaks of the virus.
You may choose lo include
additional infomiatk)n, where
relevant. about=
pdicies and procedures
adopted for the induGtion and
training of trustees-
the charity's organisational
structure atFd any wider
network wilh which the charity
works;
relationship wth any related
parties-
trustees. consideration of
major risks and the system
and procedures to manage
them.
Section C
Objectives and activities
Summary of Ihe objects of the
charity set out in its
governing document
Advancement of the ChristTran faith among the Hungarian community in
the U.K.
TAR
March 2012
We held Church serwces. prayer meetings and Sunday school twice
every Sunday and Bible studies once a week until COVID-19 regulattons
forced the thurch to dose on 17th March 2020. In spile of the physical
building ng dosed we continued to deliver the servi5 for the benefit
of Ihe Hungarian (x)mmunity in the U.IC and indeed woddwtde as oudined
in our goveming documents.
Online Serrf were broadcast on YouTube from Ihe very first Sunday of
l¢xkdown along with interactive Sunday school videos for children aged
4-11. We have instantly gained a large online allenCe. somè of our
videos reathing nearly a thousand views.
During Ikd0v W kept in touch with the ¢(gregatIOn by regular phone
calls. which much needed and appreciated in Ihose uncerlain and
frightening times.
We used the time and Oprtunty lockdown provided to refurbish the
d)urch building to a high stsrKlard as well as introduce new technologies
for the hard of hearing (when physical churd) would be able to return)
and install the n&Sary 8quiprnent and broadband for regular
livestreaming.
The church was open to the public &ach and evory Sunday the
governmenl auowed to be open. We held our first COVID safe in person
service on 5, July. carrying on until 1 November. From 9 November
until 29 November the thurch vras once again dosed due to national
lock(*). on again, Servi were broadcASt on our YouTube
channel. involwng as many people as possible into these pr&-recorded
servIs. Reading the Scriptures. playing music, recording greetings to
other church members were a lrfeline for adulis and recstsrKJ memory
verses and txesenting their craft a joy for children.
Fellowship grwps were formed on various online platfonns. Messenger.
WhatsApp, Skype and Zoorn were all utilized to connect with people
through regular prayer meetings, Bible studies, Ladies meetings and
support chat groups.
As a result of restric150ns our usual outreach activities. family days,
fellowEhip lunches. Nllsiting preachers and special events were off limit.
Still. the Hur¥JaTian community felt connected WFth God and wsth each
olher as a resuh of the immense effort we made to use the things that
were allowed and the techndogy that helped us all to keep in touch.
Leaders meeti
s were held online.
Summary of the main
activities undertaken for the
public benefit in relatlon to
these objects {include within
this section thè statutory
declaratlon that trustees ha
had regard to the guidance
issued by the Charity
Commission on public
benefft)
Additional details of objgGtive5 atKI activities
O tional infomiation
You may ch005e to include
further statements. where
relevant. aboLrt'.
policy on grantmaking"
poliw programme related
investment;
contribution made by
vdunteers.
TAR
March 2012
Section D
Achievements and performance
Summary ol the main
achievements of the charity
during the year
During the fatethl year of 2020 we reached many more people than we
Vuld normally do. Our online presence became much more powerful
and the church has gained a regular following in London, in the UK and
all over the world where Hungarian speakers are eager to listen to the
Word of GCKI.
We aimed to cater for all ages in acLxxdan their needs and
technical abilities.
The opportunity for personal visitation all but disappeared but whenever il
was allowed and there was a need we were there to visit people, support
them in their practiGal needs. encouage and pray with them.
While lockdowns were 3 time of restrictions and anxiety for one's own
and that of their loved ones health. these lockdowns were as wisely
uttlized as wssible for benefit of the church both as a body of people
and as a building.
The TnJst8es feel Ihat in the very dtfficult year of 2020 with its
unexpecled challenges the church and the charity was managed
excellently and no human or material resourGes were wasted.
TAR
Marth 2012
Section E
Financial review
Brief statement of the
charlty's policy on reserves
We remain in a strong finanual position. Despite the huge investment
into refurbishment the church did not have to use their inveslments to pay
for expenses. The [[0110 is bringing gocKI resufts and our intention is to
keep Ihe investments untouched.
Detalls of any funds materially
in doficil
Further financial review details (olOnal inforniation)
main source of income is a monthly grant from Ihe European Mission
Fdlowship and donatw)ns from our members and visitors.
In 2020 we had a very generous donation through a legacy to help fund
the church refurbishment.
Also. due to l¢xkdown giving by the ojngregation started to shtft to online
gNing, rnost of them by regular gifts.
You may choose to indude
additional infomiation. where
relevant about
the charity's principal
sources of funds (induding
any fundraising)-
how expenditure has
supported the key obiectP48S
of the charity.,
investment policy and
objectives induding any
ethical investment poliLy
adopted.
Section F
Other optional information
Section G
Declaration
The trustées declare that they have approved the trustees, report above.
Slgned on behall of the charitys trtteeS
Signature(s)
Full name{s)
Posltion (eg Secretary. Chair,
etc)
MES2fvLoS
Tn]stee
Date
1511012021
TAR
March 2012
|**Hungarian Reformed Church Foundation**|||
|---|---|---|
|**Statements of receipts and Payments for the year ended 31 December 2020**|||
|**Receipts:**|**2020**|**2019**|
|Bank Interest-NatWest|||
|Un-realised Gain (loss) on multi asset & other investment|£3 743,25|£45 461,46|
|Un-realised Gain (loss) on deposit & bond investment|£26,07|£70,01|
|Inheritance transfer to Church|||
|Grant from Bethlen Gabor Foundation|£6 323,67|£8 305,42|
|Receipts/Collection - Church|£55 751,18|£50 243,83|
|Grant received from Foundation|£54 900,00||
|**Total Incoming Resources**|**£120 744,17**|**£104 080,72**|
|**Payments:**
Grant for Church repair
Donation to EMF
Fee for investment-Gerrard Ltd fee
Income on investment re-invested
Church expenses|£5 870,00
£127 741,15|£5 054,00
£54 442,94|
|**Total Resources Expended:**|**£133 611,15**|**£59 496,94**|
|Net Movement in Funds|||
|Transferred to general funds|**-£12 866,98**|**£44 583,78**|
## **Balance Sheet as at 31 December 2020**
|**Current Assets**
Property- Hungarian Church -Place of Worship**
Investments @ Market value
Gerrard Ltd cash & short maturity bonds investment
Bank Accounts -Natwest
Petty Cash
**Represented by:**
**Net movement in funds and general funds as at 1 January 2020**
**Current Liabilities**
PAYE
Church expenses
**NET ASSETS**|2020
**2019**
£313 887,68
£310 144,43
£929,49
£903,41
£19 320,43
£36 549,15
£650,91
£58,49
**£334 788,51**
**£347 655,48**
**£347 655,48**
**£303 071,70**
**£334 788,51**
**£347 655,48**|
|---|---|
* * The property belongs to Charity from 2002 and this is the main worship place for the Church. The cost value is not available.
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to tha trusteesl
members of
H UllQAD4rtJ EEfuLll ETJ ck(UEC4
yJi£l 2D2
On accounts for the year
ended
Charity no
{If any)
402 6004
Set out on pagos
I report to the trustees on my examination of the accounts of the above
charity I'the Trust") for the year ended
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of the Charities Act
20111"Ihe Act").
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed the applicable Direclions given by the Charity Commission
under section 14515}Ibl of the Act.
I have completed my examination. I confirm that no matèrial matters have
come to my attention {olher than that disclosed below ') in conn8Ction with
the examination which gives me cause to believe that in, any matérial
respect..
accounting records werefyjkept in accordance with section 130 of
the Act or
the accounts dooHeyaccord with the accounting records
I hav8 no concerns and have come across no other matters in connection
with th8 examination to which attention should be drawn in order to enable a
propor understanding of the accounts to b8 reached.
Pleas& dol8te the words in the brack8ts if they do not apply.
Independent
examiner's statemant
Slgned:
Date..
202
Name:
¥LJl ko SZE0}kN I
Relevant professlonal
qualificationlsl or body
lif any):
ttR ) 4- FLI7Ajffj
Address:
nA evAI
IER
October 2018
Section B
Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32,
Independent examination of charily accounts.. directions and guidance for
examiners}.
Glve here brlef detalls of
any Items that the
examlnerwlshes to
dlsclosa.
IER
October 2018