## **Trustees' Annual Report for the period**
Period start date Period end date 01 01 2022 31 12 2022
**From**
**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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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)**
March **2012**
**TAR**
1
**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:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- 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**
March **2012**
**TAR**
2
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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
## 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.
March **2012**
**TAR**
4
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**|
|---|---|
|
**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**|
|---|---|
* * 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