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2022-03-31-accounts

UNITY NORTH LONDON TRUST

ANNUAL REPORT

AND

STATEMENT OF ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2022

CHARITY REGISTRATION NUMBER 1060893

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

UNITY NORTH LONDON TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

Page
Legal and Administrative Information 3
Trustees' Report 4 to 6
Independent Examiner's Report on the Accounts 7
Statement of Receipts and Payments 8
Statement of Assets and Liabilities 9
Notes to the Accounts 10 to 15

UNITY NORTH LONDON TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1060893 WORKING NAMES New River Community Church New River at Croyland New River Church Unity Church Unity Church Trust START OF FINANCIAL YEAR 01 April 2021 END OF FINANCIAL YEAR 31 March 2022 TRUSTEES AT 31 MARCH 2022 Wendy Banks (Chair) Jennifer Watkins Jonathan Priestley George Kennedy Kalaiselvan Graham Alfred Chappell (Secretary)

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

Trust Deed dated 6th October 1996, as amended on 26th January 1997.

GOVERNING INSTRUMENT Trust Deed dated 6th October 1996, 1997. REGISTRATION DATE 4th March 1997:Standard registration

OBJECTS

a) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.

b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in London and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.

c) To advance education in accordance with Christian principles in London and elsewhere as the trustees may from time to time think fit.

CORRESPONDENCE ADDRESS 21 Huxley Place Palmers Green London N13 5SU PRIMARY BANKERS The Co-operative Bank Olympic House 6 Olympic Court Salford M5 2QP

INDEPENDENT EXAMINER Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

UNITY NORTH LONDON TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022

Full Name of the Charity: UNITY NORTH LONDON TRUST Number in the Register of Charities: 1060893 Date of Entry in the Register of Charities: 04-Mar-97 Postal Address: NEW RIVER 69 Croyland Road Edmonton London Telephone:020 8803 7000 N9 7BE Email:info@new-river.org.uk Correspondent’s Address: The Graham Chappell 21 Huxley Palmers Green London Telephone:- 020 8882 8588 N13 5SU Email:- graham.chappell@new-river.org.uk Gift Aid Administration and Legal: Stewardship 1 Lamb's London EC1Y 8AB Insurance: Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington Nottingham NG11 6JS

Summary of Trustees’ Investment Powers:

The Trustees’ powers of investment are as described in clause 9 of the Trust Deed.

Aims and Organisation

(where not described elsewhere in the reports and Financial Statements)

Where the Trust Operates:

The activities of the Trust are executed through the operations of New River Church based in Edmonton, North London. The church has established an office base for its staff and this facilitates the majority of the necessary administrative activities.

How the Trust is Organised:

There is an Elders group which meets regularly with the Trustees’ Committee. A Leadership Team also meets with the Lead Elder to assist in co-ordinating the church’s programme and pastoral activities. Spiritual oversight of the Church is provided by Jenny Sinnadurai and Karen Dey. New River Church has a Safeguarding Statement. This is reviewed periodically by the Trustees.

Who the Trust Employs:

As at the end of the report year, Unity Church employed three part time members of staff, the Lead Elder, a Missions Director and a Missions Worker. A full-time Youth Worker was appointed in September 2022. A small team of casual cleaning staff are also paid via the Church’s PAYE scheme. Since the end of the report year, the Missions Worker and the Youth Worker have also joined the Church’s pension scheme. The Lead Elder has been enrolled in the scheme since 1[st] January 2016.

4

UNITY NORTH LONDON TRUST

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2022

A Summary of the Trust’s Activities:

The main activity of New River Church has been its weekly worship and praise celebrations held each Sunday morning. A small Sunday school operates in parallel for the remaining half of the Sunday meeting. A youth group also meets during the latter half of the Sunday service. House Groups meet weekly. Worship, Prayer and Bible Study meetings also take place at various weekly and monthly points. A mother and toddler group meets on Thursday mornings. For the most part, there has been a good recovery from the various logistical and other impacts of the world-wide COVID-19 pandemic. The very successful on-line streaming of the Sunday meetings has remained in place since the easing of restrictions and has become an integral part of the church’s ministry.

Working With Other Organisations:

During the period the Leadership Team continued to strengthen contacts with a range of other churches and organisations based in the London Borough of Enfield and, due to our work with foodbanks, now includes the Enfield Food Alliance. Other organisations, which also have a regional or national focus include Pray London, Streetlight UK, School Pastors, Street Pastors and Nexus Youth Support Services. Representatives have also participated in the Enfield Faith Forum and are exploring ways to increase dialogue and understanding between faiths. The Metropolitan Police have invited the church to participate in SAFE Enfield, a Community Safety Partnership. The Lead Elder is a Police Chaplain, which is a voluntary position.

Review of Progress and Achievements

This report covers the twenty-fifth accounting period for the Trust since its establishment. Prior to the pandemic, attendance levels for regular church meetings saw modest improvements year on year. Since the removal of the most significant restrictions, numbers have returned to previous levels.

Review of Financial Activities and Affairs

At the close of the period covered by this report there was a surplus on unrestricted Funds for the year of £81,091 (£62,909 in 2020-21). Continuing to recognise the need to establish and maintain reserves, the Trustees have welcomed this further improvement in outturn.

The fund-raising initiative for the Building Project launched in 2017 is considered as a particular success with £164,325 raised by the year-end and further sums pledged. All project preliminary costs to date have been charged to the General (unrestricted) Fund. It is recognised that unrestricted funds may also need to be further utilised at some point in the project’s life. Planning consent was secured from the local authority in January 2021 and the process of finalising the design and technical details, alongside a renewed fund-raising initiative is now being progressed.

Reserves Policy

Trustees annually review the level of reserves they consider are appropriate to the charity's needs whilst endeavouring not to set aside funds unnecessarily. The review takes into account the church's size, the level of financial commitments held and the Trust’s responsibilities as an employer. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is unexpected expenditure or a temporary shortfall in income.

Going Concern

Trustees acknowledge their responsibility for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting.

Public Benefit

The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake and acknowledge the requirement to demonstrate clearly that the charity has charitable purposes or ‘aims’ that are for the public benefit. Details of how this is achieved are provided in this Trustees report

5

UNITY NORTH LONDON TRUST

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2022

Particulars of grants made to the value of £1,000 or more

Responsibilities of Trustees

Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:-

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.

14 December 2022 Approved by the Trustees on….....................................

Signed on their behalf by Trustee …..............................

Printed Name: Graham Chappell

6

UNITY NORTH LONDON TRUST

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

Report to the trustees/ members of United North London Trust on the accounts for the year ended 31st March 2022.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

Date: 16th December 2022

7

UNITY NORTH LONDON TRUST STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2022

Notes
RECEIPTS
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
Other Income
3d
TOTAL RECEIPTS
Costs of Charitable Activities
4
TOTAL PAYMENTS
NET INCOMING/(OUTGOING) RESOURCES
5
Balances Brought Forward
Prior Year adjustment
BALANCES CARRIED FORWARD
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021/22
2020/21
£
£
£
£
105,721
-
105,721
87,072
44
-
44
353
21
48,257
48,278
83,065
-
-
-
660
105,787
48,257
154,044
171,150
87,602
24,965
112,566
136,431
87,602
24,965
112,566
136,431
18,185
23,292
41,477
34,719
-
-
-
-
18,185
23,292
41,477
34,719
62,909
152,120
215,030
180,311
-
-
-
(1)
81,094
175,412
256,507
215,030

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on page10 to 15

8

UNITY NORTH LONDON TRUST

STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST MARCH 2022

Net Assets
Represented by:
General Funds
Restricted Funds
Assets retained for the Charity's own use:
Equipment at Insurance Value
Liabilities
Independent Examiner's Fee
Cash at bank and in hand
Current Account - CO-OP Community
Current Account - Lloyds River Church
Savings Account - CO-OP - 14 Day
Savings Account - Lloyds - 32 Day
Petty Cash
NET CURRENT ASSETS
TOTAL ASSETS less current liabilities
TOTAL CURRENT ASSETS		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-22
31-Mar-21
£
£
£
£
34,949
-
34,949
28,683
20,708
-
20,708
84,974
13,098
87,706
100,804
100,772
12,307
87,706
100,013
-
32
-
32
601
81,094
175,412
256,507
215,030
81,094
175,412
256,507
215,030
81,094
175,412
256,507
215,030
81,094
175,412
256,507
215,030
81,094
175,412
256,507
215,030
81,094
-
81,094
62,909
-
175,412
175,412
152,120
81,094
175,412
256,507
215,030
84,107
-
84,107
81,892
810
-
810
780
810
-
810
780

TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets and Liabilities which are set out on pages:10 to 15 .

14 December 2022

Approved by the Trustees on …....................................

Signed on their behalf by Trustee …..............................

9

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Fund Accounting

Funds held by the charity are either:

  1. Unrestricted Funds - these are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.

  2. Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes

  1. Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Incoming Resources

All income is included in the accounts when actually received by the Charity. Voluntary help provided by friends of the charity is not included in a quantified way within the accounts.

Resources Expended

Resources expended are recognised when paid by the Charity.

This page does not form part of the statutory financial statements

10

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

3. RECEIPTS

Note
d) Other Incoming Resources
a) Donations & Legacies
Gifts & Offerings
Income Tax Recovered
b) Investment Income
Interest Received
c) Incoming from Charitable Activities
Development Fund
Local & Borough Mission / Evangelism
Miscellaneous (incl Church W/e Away)
Other income (incl Overseas Mission)
Contributions to Premises Overheads		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021/22
2020/21
£
£
£
£
89,514
-
89,514
71,571
16,207
-
16,207
15,501
105,721
-
105,721
87,072
44
-
44
353
44
-
44
353
-
24,187
24,187
25,462
-
5,520
5,520
13,128
21
-
21
-
-
18,549
18,549
44,475
21
48,257
48,278
83,065
-
-
-
660
-
-
-
660

This page does not form part of the statutory financial statements

11

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

4. PAYMENTS

4. PAYMENTS
Note
Costs of Charitable Activities
Advertising & Publicity
Building & Fabric Costs
Catering & Hospitality Costs
Children's & Youth Work
Equipment Costs
Evangelism
Hardship Grants
Ministry Gifts & Grants
Miscellaneous (incl Church W/e Away)
Office Costs
PA Systems
Premises Running Costs & Rent
Staff Costs
Room Hire Costs
Governance costs:-
Independent Examiner Fee
Insurance & Legal fees
Bank charges		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021/22
2020/21
£
£
£
£
210
-
210
1,331
14,187
-
14,187
90
1,898
3,013
4,912
872
1,003
1,353
2,355
1,275
810
-
810
573
2,961
-
2,961
3,501
506
5,574
6,080
20,023
13,550
14,876
28,425
43,083
-
-
-
4
1,047
-
1,047
1,189
2,718
146
2,863
12,013
5,248
-
5,248
11,292
38,162
-
38,162
36,931
1,438
-
1,438
335
-
-
-
780
3,821
-
3,821
3,134
43
-
43
5
87,602
24,965
112,566
136,431

This page does not form part of the statutory financial statements

12

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Building Fund
Events
Development Fund
a) Church House seed
b) Community Grocery
c) Other
Hardship Gifts
a) Events
b) Other
Church Weekend Away
a) Mission to Street Light
b) Mission to Greece
c) Mission to Ukraine
d) Children & Family
e) Mission to Message
f) Mission to Youth
h) Other		 Balance
Gains &
Balance
01-Apr-21
Income
Expenditure
(Losses)
Transfer
31-Mar-22
£
£
£
£
£
140,424
23,901
-
-
-
164,325
6,000
50
-
-
-
6,050
2,029
5,475
(3,013)
-
-
4,490
-
236
(149)
-
-
87
1,567
2,294
(3,861)
-
-
-
58
1,656
(1,713)
-
-
-
-
45
(45)
-
-
-
1,713
11,327
(12,681)
-
-
360
-
295
(270)
-
-
25
-
350
(375)
-
-
(25)
80
1,525
(1,505)
-
-
100
250
1,103
(1,353)
-
-
-
-
-
-
-
-
-
152,120
48,257
(24,965)
-
-
175,412

This page does not form part of the statutory financial statements

13

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. RESTRICTED FUNDS (Continued)

PREVIOUS FINANCIAL YEAR

Building Fund
a) Church Weekend Away
b) Joint Carols by Car Light
Development Fund
a) Church House seed
b) Community Grocery
Events
b) Mission to Greece
c) Mission to Ukraine
d) Children & Family
e) Mission to Message
f) Mission to Youth
g) Mission to Sri Lanka
Other
Hardship Gifts
a) Events
b) Other
Church Weekend Away
a) Mission to Street Light		 Balance
Gains &
Balance
01-Apr-20
Income
Expenditure
(Losses)
Transfer
31-Mar-21
£
£
£
£
£
114,958
25,462
4
-
-
140,424
-
-
-
-
-
-
-
10,776
(10,776)
-
-
-
6,000
-
-
-
-
6,000
-
2,352
(324)
-
-
2,029
-
-
-
-
-
-
-
21,783
(20,158)
-
-
1,625
30
300
(330)
-
-
-
2,729
11,008
(12,023)
-
-
1,713
-
-
-
-
-
-
-
8,684
(8,684)
-
-
-
80
1,370
(1,370)
-
-
80
-
1,169
(919)
-
-
250
-
163
(163)
-
-
-
-
-
-
-
-
-
123,798
83,065
(54,742)
-
-
152,120

The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.

This page does not form part of the statutory financial statements

14

UNITY NORTH LONDON TRUST

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

6. STAFF COSTS AND NUMBERS

TOTAL
2021/22
£
Gross Wages & Salaries
50,699
Employer's National Insurance Costs
2,511
Employer's Pension Contributions
774
53,984
Average number of employees who were engaged in each of the following activities:
TOTAL
2021/22
Charitable Activities
5		 TOTAL
2020/21
£
34,178
2,051
702
36,931
TOTAL
2020/21
4

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020/21- None)

7. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2020/21- None)

8. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

9. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

10. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

This page does not form part of the statutory financial statements

15