Trustees' Annual Report for the period
Period start date Period end date 01 01 2022 31 12 2022
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To
Section A Reference and administration details
Charity name Hungarian Reformed Church Foundation
Other names charity is known by The Hungarian Reformed Church in the UK
Registered charity number (if any) 1026001
Charity's principal address 17 St Dunstan’s Road
London Postcode W6 8RD
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Vilmos Attila Sandor
2 Lajos Meszaros
3 Botond Virginas
4
5
6
7
8
9
10
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
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Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
- (eg. trust deed, constitution)
Trust deed
How the charity is constituted
- (eg. trust, association, company)
Trust
Trustee selection methods
- (eg. appointed by, elected by)
Elected by membership
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Advancement of the Christian faith among the Hungarian community in Summary of the objects of the the U.K. charity set out in its governing document
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In 2022 life has returned to normal following the COVID-19 pandemic. However, a nice “residue” of lockdowns in the livestreaming system that we first built during the pandemic. The online congregation who follow us either live or recorded is estimated to be triple of those attending in person.
We continue to have two services each and every Sunday, 11 am and 3 pm. Sunday school for 4-11-year-olds is provided during both the morning and afternoon service. Children enjoy attending and often “bring their parents to church”.
We have weekly Bible studies on Thursday evenings, a Sunday Bible Summary of the main study once a month, Ladies meeting once a month and regular prayer activities undertaken for the meetings. public benefit in relation to All our services and events are open to all age groups and cater for a these objects (include within Hungarians living in and around London. However, some come from as this section the statutory far as Northampton, Sheffield, Mansfield or Skelmersdale. declaration that trustees have Hospitality is extended to all attending the services in the form of had regard to the guidance sandwiches, cakes and occasionally hot meals. issued by the Charity Our aim is to look after people in their need, physical or spiritual. Commission on public On some occasions one off financial help was provided for those in dire benefit) need of help. Social events and visiting preachers make the year more colourful and fulfilling.
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
We catered for the spiritual need of all ages of the congregation. Mostly in person during our meetings but also visited those who were ill or elderly. We make it our aim to be in regular contact with our congregation which is achieved by holding services and organizing events In addition we make regular phone calls to those not attending each Sunday to make sure they are okay.
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Section E Financial review We remain in a stable financial position with investments untouched. Brief ststement of the Charity's policy on reserves Details of any funds materially in deficit Further financial review details (Optional inforniationl The main Sour of income is a monthly grant from the European Mission Fellowship and donations from our members and visitors in person or online. You may choose to include additional infomation, where relevant about: the charity's principal sources of funds (including any fundraising)- how expenditure has supported the key objectives of the charity,. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s} Full name{s} Position leg Secretsry, Chair, etc) Lajos Mészaros Trustee Date 2411012023 TAR March 2012
| Hungarian Reformed Church Foundation Statements of receipts and Payments for the year ended 31 December 2022 |
2022 2021 -£27 446,28 £37 532,71 -£380,74 £111,76 £6 781,36 £54 747,34 £61 883,02 £33 701,68 £99 527,49 £2 920,00 £51 748,87 £37 959,90 £54 668,87 £37 959,90 -£20 967,19 £61 567,59 |
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Receipts: Bank Interest-NatWest Un-realised Gain (loss) on multi asset & other investment Un-realised Gain (loss) on deposit & bond investment Inheritance transfer to Church Grant from Bethlen Gabor Foundation Receipts/Collection - Church Total Incoming Resources Payments: Grant for Church repair Donations Income on investment re-invested Church expenses Total Resources Expended: Net Movement in Funds Transferred to general funds |
Balance Sheet as at 31 December 2022
| 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 2022 Current Liabilities PAYE Church expenses NET ASSETS** |
2022 2021 £323 974,11 £351 420,39 £660,51 £1 041,25 £50 423,60 £43 216,33 £330,68 £678,13 £375 388,90 £396 356,10 £396 356,10 £334 788,51 £375 388,90 £396 356,10 |
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- The property belongs to Charity from 2002 and this is the main worship place for the Church. The cost value is not availab
(HARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Hungarian Reformed Church On accounts for thè year ended 3111212022 Charity no lif any) 1026001 Set out on pages I report to the trustees on my examination of the accounts of the above harity I'lhe Trust") for the year ended Responslbllltl88 and basls of rèport As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'th8 Act"). I report in respect of my examination of the Trust's a¢¢ounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable DireGlions given by the Charity Commission under section 14515llbl of the Act. Independent The charity's gross income did not exceeded £250.000 and l am qualified to examlner's Statement undertake the examination by being a qualified member of CIMA. Delot81 l if not applicable. I have completed my examination. I confirm that no material matters hav8 come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in. any material respect.. the accounting records were Inotl kept in accordance with seclion 130 of the Charities Act, or the accounts did (not) accord with the accounting records, or the accounts did (not I comply with the applicable requirements oncerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter onsidered as part of an independent examination. I hav& no concerns and have come across no other matters in Gonnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signèd: Date: 1311012022 Name: Eniko Szerdahelyi Relevant professional qualification{s) or body CIMA, 1-5U7WNB IER Oct 2018
(If anyl: Address: Budapest 1126 Marvany u 31, 118 Hungary Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination cf charity a¢¢ounts.' dire¢tJons and guidan for examiners). Give here brief details of any items that the examiner wishes to disclose. NIA IER Oct 2018