Trustees’ Annual Report for the period
Period start date Period end date To
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a A
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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
3 | Jozsef MagyarFrom 28" May 2023 Furulyas 4 : ee 5 | Botond Virginas 6 | Vilmos AttilaSandor |==‘ Until 28" May 2023 a _ ee |
A
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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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a
Name of chief executive or names of senior staff members (Optional information)
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d Section B Structure, governance and management
Description of the charity’s trusts
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TypeyP of g governingg document [Trust deed |
How the charity is constituted|UE|
[Trust |
Trust lection method lotecteceteae |
rusiee selection Methods | Elected by membership |
po
Additional governance issues (Optional information)
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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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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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## 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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i
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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## **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