2023-12-31-accounts - Hungarian Reformed Church Foundation

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Trustees’ Annual Report for the period

Period start date Period end date To

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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 aaa aa | London

| Postcode |\W6 8RD

Names of the charity trustees who manage the charity

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A
AD
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Names of the trustees for the charity, if any, (for example, any custodian trustees) [Name Daattes acted if not for whole year a

Names and addresses of advisers (Optional information)

Type of adviser Name __ Address

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Name of chief executive or names of senior staff members (Optional information)
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TAR ~

March 2012

d Section B Structure, governance and management

Description of the charity’s trusts

You may choose to include additional information, where relevant, about:

e policies and procedures adopted for the induction and training of trustees;
e the charity’s organisational structure and any wider network with which the charity works;
e relationship with any related parties;
e trustees’ consideration of major risks and the system and procedures to manage them.

Section C

Objectives and activities

Summary of the objects of the Advancement of the Christian faith among the Hungarian community in charity set out in its the U.K. governing document

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,
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March 2012

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In 2023 the church continued to have two Sunday services, 11 am and
| 3pm with Sunday school provision during each service. Other regular
| activitiesladies’ bibleincludedstudies, weeklyteenagers’bible studiesbible studies, on ThursdaySunday eveningbible s ,tudiesmonthlyand
|
December.
| Weprayercontinued meetings.to provideConfirmationhospitalityof eightafter youngeach people tookservice with pls a ndwce i nches,
cakes, tea and coffee and a bring and share lunch once a month. These
people for whom both the food and the community proved to be a
| occasionshelpline. were appreciated by all and attended also by some homeless
activities undertaken for the people seeking out the church. The number of visitors is visible down, but |
Summary of the main | in 2023 we felt the blows of Brexit and the pandemic regarding new |
public benefit in relation to we still operate well, almost to full capacity. |
these objects (include within
this section the statutory
declaration that trustees have
issuedhad regard by the Charityto the guidance |
Commission on public i
benefit) |
| |
Additional details of objectives and activities (Optional information)
. |
furtherYourelevant,may st a choosetements,bout: towhereinclude | ||
e policy on grantmaking;
e policy programme related
investment; |
e contribution made by | |
volunteers. |
pe
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March 2012

Section D

Achievements and performance

aria Mls SLITTAEY : The Christian faith was advanced among the Hungarian community in achievements of the charity. the UK by preaching, bible studies, regular activities and counselling. . | We look after people who attend the church with some regularity, | during the year oon : . keeping in touch via phone calls, emails and messages. We visit those in need of visitation: the sick and the elderly. We provide a safe and | nurturing environment for all ages and strive to live according to the teachings of Jesus Christ, leading the people by example. Those Hungarians who live too far to attend the church in person are able to follow our services and special events via a livestream and we | provide over the phone care for them if necessary. | ) |

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Po ae sceneries tetianencnssanississinticl
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Section E Financial review
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The church was able to afford to take on another paid employee, a part-
Brief statement of the time office manager and event organizer. Funds are still in a good
charity’s policy on reserves _| position, investments untouched.
|
po
Details of any funds materially
in deficit
Further financial review details (Optional information)
You may choose to include ae et oie of Le isa meni asi rent iis Buropean Mission
additional information, where ellowship and donations from our members and visitors in person or
relevant about:: online.
e the charity’s principal
sources of funds (including
any fundraising); | |
e how expenditure has | |
supported the key objectives | |
e of the charity; |
investment policy and | |
objectives including any
ethical investment policy
adopted. i
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Section F Other optional information

| Pee

Section G Declaration The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Full name(s)/ Robert Bahus
Position (eg Secretary, Chair,etc) |Trustee - - |
Pate aei10/2024 |
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March 2012

Hungarian Reformed Church Foundation Statements of receipts and Payments for the year ended 31 December 2023

Receipts: 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 HMRC charities refund Total Incoming Resources Payments: Donations Church expenses Total Resources Expended: Net Movement in Funds Transferred to general funds	2023 2022 £28 364,49 -£27 446,28 £22,30 -£380,74 £4 468,83 £6 781,36 £61 819,91 £54 747,34 £6 239,29 £100 914,82 £33 701,68 £2 920,00 £61 645,44 £51 748,87 £61 645,44 £54 668,87 £39 269,38 -£20 967,19

Balance Sheet as at 31 December 2023

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 2023 Current Liabilities PAYE Church expenses NET ASSETS**	2023 2022 £352 338,60 £323 974,11 £682,81 £660,51 £61 470,59 £50 423,60 £166,28 £330,68 £414 658,28 £375 388,90 £375 388,90 £396 356,10 £414 658,28 £375 388,90

- 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 the trustees Hungarian Refonned Church On accounts for the year ended 3111212023 Charity no (if any) 1026001 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 31112 12023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the 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 all the applicable Directions given by the Charity Commission under section 145(5)(b} of the Act. Independent The charity's gross income did not exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of CIMA. Delete [ ] if not applicable. I have completed my examination. I confirm that no material matters have 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 (W) kept in accordance with section 130 of the Charities Act- or the accounts did fA8t) accord with the accounting records,. or the accounts did (0gt ) comply with the applicable requirements concerning the fomi 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 considered as part of an independent examination. I have no concerns and have come across no other matters in connection 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. Signed: Date: 2211012023 Name: Eniko Szerdahelyi Relevant professional qualification(s) or body CIMA. 1-.5U7WNB IER Oct 2018

(if any): 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 of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. NIA IER Oct 2018