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2021-01-31-accounts

Helping His Hungarian Heroes

Charity number: 1100270

Trustees’ Report and Financial Statements

for the year ended 31 January 2021

Helping His Hungarian Heroes

CONTENTS

Page
Report of the Trustees 1-11
Receipts and Payments Accounts 12-13
ReportoftheIndependentExaminer 14

Helping His Hungarian Heroes

REPORT OF THE TRUSTEES

for the year ended 31 January 2021

The Trustees are pleased to present their report and the financial statements of Helping His Hungarian Heroes ('4H' or "the Trust") for the year ended 31 January 2021.

Reference and Administrative Information

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Charity name|Helping|His|Hungarian|Heroes| |Other names|used by the|Charity|'4H'|and|'4H'|/|'Magyar|Misszid'|(working|names)| |Charity registered number|1100270| |Status|Trust| |Registered|as|a|charity|with|effect from|23|October|2003| |Registered|office|Helping|His|Hungarian|Heroes| |28|Oaklands| |Elton|Road| |Clevedon| |BS21|7QZ|

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Trustees

The names of the Trustees who served during the year and up to the date of this report are set out below, along with the dates when they were appointed:

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||||||||| |---|---|---|---|---|---|---|---| |Mr|Peter|D|Aston|7th|June|2010| |Dr|Eric|C|Barrett|(Chairperson)|27th|January|2003| |Mrs|RosemaryJ|Barrett|(Secretary)|16th June|2003| |Mr|Karl|A|Brunning|7th|June|2010| |Mr|Michael|S|Bryant|27th|January|2003| |Mr|David|J|Clarke|27th|January|2003| |Mrs|Sally Ann|Winsor|11th|July|2016|

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None of the Trustees has any beneficial interest in the Trust and all served without remuneration in their capacity as Trustees.

Bankers HSBC Bank PLC 10 Colliers Walk Nailsea Bristol BS48 1RL Independent Examiner P E Hodges CPFA 74 Cottrell Road Bristol BSS 6TN

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES

for the year ended 31 January 2021

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Structure, Governance and Management

Governing Document

‘4H' is a registered charity governed in accordance with its Declaration of Trust made on 16 August 2003.

The Charity Commission granted '4H' registered charity status on 23 October 2003.

Organisational structure

‘4H' is governed by the Trustees who comprise members of churches from across the South West region of England. The Trustees meet at least twice a year, and normally three times a year, to set policy and review the activities of the Trust. The annual general meeting of the Trustees was held on 12 February 2019.

Recruitment and appointment of Trustees

Trustees are nominated and appointed by a vote of the existing Trustees and may serve for a period of up to five years after which time they are eligible for re-appointment. None of the Trustees receive remuneration or any other benefit from their work with '4H'.

Risk Management

At each of their meetings the Trustees examine the major strategic and operational risks which '4H' faces. They seek to manage and mitigate these risks within acceptable levels.

Charity Governance Code

The Trustees have studied the Charity Governance Code and discussed it at length. The Trustees consider that while much of it does not apply to '4H', in areas where it does apply the Trust is in compliance with the good practice the Code recommends, and in several respects significantly surpasses its recommendations. Para 5.7.3 of the Code says that Trustees serving for more than 9 years should be reviewed. The Board agreed at its July 2019 meeting that in future all Trustees should be treated the same, including Founding Trustees.

Objectives and Activities

The objective of '4H' is the advancement the Christian faith by providing help and support for Bible-believing Hungarian Churches and Christians and their work in Hungary itself, and among Hungarian speaking communities in regions of Romania, Serbia, Slovakia and Ukraine which were parts of Hungary before the Treaty of Trianon in 1920.

During the year '4H' gratefully received voluntary assistance from its Trustees, other individuals and partnership churches, without which the effectiveness of '4H' would be severely limited.

The following report provides further information regarding the activities that were undertaken by '4H' during the year ended 31 January 2021.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021 ee Objectives and Activities (continued)

The eighteenth year of ‘4H’ activities has been sadly unique because of the effects of the Covid-19 coronavirus pandemic. This has radically affected our activities both in the UK and in the Hungarian-speaking region of Central and Eastern Europe. On-going uncertainties as to how the charity sector in general, and ‘4H’ in particular, may be affected by BREXIT have also influenced some of what we have done, and why. Directors Dr Eric and Mrs Rosemary Barrett visited Hungary and Romania in February/March 2020 on a ‘Multipurpose Mission’ similar to many they have undertaken in previous years. Ahead of the gathering threat from COVID-19, they managed to return home four days before East European borders closed, and despite the cancellation of one of their connecting flights to the UK. Later, instead of making further trips to the Field as originally planned before the end of the year, new and radically different ways had to be found so that ‘4H’ could continue to ‘help Hungarians’, in some cases in times of their greatest ever needs. Thus, the Barretts quickly organised a ‘Virtual Itinerary’ for May 2020, that involved specially helping from a distance a number of urgent causes in six Hungarian-speaking areas, two of which were in Hungary, two in Romania, one in Ukraine, and one astride the border between SE Hungary and SW Romania.

They then planned and booked flights for a further personal visit to ‘Greater Hungary’ in early September. Unfortunately, after the Hungarian border had been open for some weeks in the summer, it was announced that it border would close again to foreign visitors one week before the Barretts’ intended date of departure from Bristol. Accordingly, that itinerary had to be cancelled at short notice. Subsequently, a number of journeys within Hungary itself were planned by the Barretts to be undertaken by good friends who are resident in Hungary The first such trip was to collect ‘Aid’ that had been sent from Avonmouth, Bristol to Budapest, and to take it on to a small number of points for distribution within Hungary and in western Romania.

The next four journeys were organised so as to widely distribute within Hungary itself large stocks of the new novels for Young People that had been recently printed for ‘4H’ in conjunction with the indigenous Hungarian charity, Orémhir Alapitvany. Ancillary arrangements were made for some of those books to be taken on further by others, into Romania and Serbia. Finally, one more distribution journey was undertaken by a Hungarian pastor who has on-going secular work commitments in Romania: he took additional books with him for several additional Hungarian churches in SW Romania.

The pandemic also seriously disrupted the speaker meetings the Barretts had been expecting to take in the UK in churches and other venues, both regular meetings and special events. Given that many churches had to be, or chose to be, closed for large parts of 2020 — some continuously and some intermittently — arrangements had to be made wherever possible to input to services through PowerPoint presentations or pre-recorded videos. As the year progressed, and with the help of a new laptop purchased with generous help from Rosemary’s former home church in Haywards Heath, Sussex, the Barretts also came to be involved in some church meetings by Zoom. Only on a few occasions was it possible for them to speak in person in ‘open’ churches, where and when this was both possible and allowed by the latest government regulations.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

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Objectives and Activities (continued)

Unsurprisingly, the pandemic affected the income stream also, with big reductions in ‘gifts to speakers’ from churches, and in gifts received for books and cards. As the Bank Rate fell further in 2020, interest received on ‘4H’ reserves held temporarily in savings accounts with HSBC and COIF also fell to a historic low, representing less than 1% of the year’s total receipts. Meanwhile, in comparison with the previous Financial Year, the number of Standing Orders from personal supporters rose by only two to 39 by the end of FY2020/21, and total income from personal Standing Orders continued to run at about 10% of the total receipts for the year. Gift Aid recovered from HMRC during the year ending 31 Jan 2021 was £11,945, just under 10% of the year’s total receipts. ‘4H’ continues to encourage donors to sign Gift Aid forms if they can, though some still mistrust, and many misunderstand, the scheme.

The better news is that although, as before, six churches continue to support ‘4H’ regularly via Standing Orders or regular Bank transfers, contributing in total about 6% of the total receipts for the year, many other churches made unusually generous contributions during the year, in some cases giving more than some of those that provide ‘4H’ with regular support.

We are therefore especially indebted to individual regular and ‘impulse’ donors, who gave nearly threequarters of all ‘4H’ income in 2020/21, most by cheque but an increasing proportion by direct Bank Transfer. The total income was £125,362, compared with £118,463 in FY2019/20, a remarkable result in view of all the difficulties outlined above.

Support for improvements to church buildings

The expenditure by ‘4H’ on Hungarian projects and ministries in 2020/21 was £147,651. This was only £3,349 lower than budgeted at the beginning of the FY, despite the may difficulties CV-19 threw up during the course of the year — one of the closest matches we have ever had between expected and actual annual spend.

From the total expenditure, £34,070 went towards church building and improvement projects, slightly more than originally planned, so good progress was made in this direction, including further progress on four church building projects that first came to receive ‘4H’ support during 2018/19 to 2020/21. These included:

Sil4gyszomly6 (Romania): ‘4H’ first helped here in 2018 by providing necessary materials for construction of the new Hungarian Roma church building to begin. Before the Winter of 2018 arrived, the ground floor walls and roof had been completed. Work recommenced in the Spring of 2019 so that, as planned, the upper floor containing the main Worship Room was finished in time for the Opening Ceremony in mid-October 2019. However, the ground floor of this two-level building remained to be completed, until further financial help fram ‘4H’ enabled it to be finally finished quite early in our FY2020/21. The latest good news from Somlyo is that several baptisms were carried out in FY2020/21, and that a new young pastor has very recently been inducted to build on the excellent work accomplished over several years by a now retired, but still active, senior pastor.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

Objectives and Activities (continued)

Beregszasz (Ukraine): In recent years ‘4H’ has helped make possible very significant improvements to the premises of the Hungarian Baptist Church in the impoverished village of Zapszony, 15 km inside western Ukraine. Its Pastor, Nagy-Kasza Daniel and his wife Lona have also become involved in church planting in the border town of Beregszdsz, some 30 km away. In May 2018 the Directors of ‘4H,’ after lengthy discussions with leaders of the Hungarian Baptist World Alliance, joined with them to fund on a 50:50 basis the purchase of two buildings and some adjacent land near the centre of that largely Hungarian-speaking town, to house its growing new Hungarian Baptist Fellowship and enable it to grow further in future. In 2019 the land was cleared with our help, the intention being to develop it for car parking and outdoor games. Stage by stage the main building is to be radically renovated. Despite the pandemic, good progress was made with all this in 2020, both in the grounds -- which are now nicely equipped with a tarmacked car park, grassed play areas and a timber-framed summer pavilion -- and in the main Worship Room and adjacent facilities inside one of the original buildings. The regular congregation continues to grow.

Pilisvérésvar (Hungary): ‘4H’ had been aware for some years of the urgent need for proper church premises for a Baptist ‘church plant’ in this town NW of Budapest. During 2019 alone the Fellowship had to move their place of worship four times — not the best way to grow any congregation. Thus, ‘4H’ was glad to hear that in the Spring of 2019 building work had at last started on the planned new church building on a plot of land not far from the town centre. Work progressed well during that year, and with some additional financial help from ‘4H’ in the Autumn, plus matching funds from the Hungarian Baptist Union, it was possible by that year’s end to roof and enclose the structure. Work continued on and off though 2020, as and when the pandemic allowed. The electrical systems are now in place, and other interior work is advancing well. We hope that the main Worship Room can be used for the first time in 2021.

Vecsés (Hungary): In October 2019 ‘4H’ was introduced to the need of a growing Fellowship in Vecsés (Hungary), alongside one of the runways of Budapest Airport, for a church of its own, and the Barretts were shown a former Nightclub on the edge of the town that would provide excellent facilities if appropriate conversion works were undertaken on the relatively modern and structurally sound premises. ‘4H’ was glad to make a significant contribution towards the purchase of these in December 2019, and we have been very glad to learn that the first service in the renovated main top floor room was held in June 2020. Further conversion works on the premises are on-going.

K6észeg (Hungary): During 2020/21, there was exciting news too about an entirely new project in this small town very near the western border of Hungary with Austria, where a Baptist Fellowship that was planted in the town nearly 20 years ago. Dr Barrett has known this Fellowship from an initial visit he made to the town in the mid-1990s with a Practical Mission Team to work on the house of the Lay Pastor and his family that included a severely cerebral palsied son. Sadly, the Fellowship was rendered ‘homeless’ in mid-2020 when the Music School in which it had been meeting on Sundays had to close because of CV-19. More happily, in the autumn of 2020 we learned that a small town-centre restaurant had also closed due to the pandemic — but in this case permanently, and its building (ground floor retail area plus attic and basement) was up for sale.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

Objectives and Activities (continued)

Responding to a request from the Hungarian Baptist Union, ‘4H’ was able and glad to make a substantial, and crucial, contribution to the purchase of those premises to become the new ‘imahaz’ (Prayer House) for the Kdészeg Baptist Fellowship. The purchase was completed just before Christmas 2020, along with the blessing of the Town Council for its proposed change of use. The opening Thanksgiving Service was held there on 17 January 2021, and it is hoped that the town centre location of the new ‘imahaz’ will be the stimulus the Fellowship needs to grow further and be more widely recognised in the town and district.

Humanitarian Aid

As in several previous years ‘4H’ was glad to make a financial gift to Kdszikla (‘The Rock’), a Hospice run by leading members of the Reformed Church in Debrecen (north-east Hungary). This Hospice freely welcomes Hungarians from Romania and Ukraine who are in urgent need of advanced medical treatments that are not readily available in their home countries, and shelters them until those treatments have ended and the patients can return home. In March 2020 Dr & Mrs Barrett were shown the latest upgrades and improvements that have been made to the interior of the building with the support of ‘4H’. Our Trustees are glad that the lives of seriously ill ethnic Hungarian mainly from elsewhere in Eastern Europe, and their family members who come to support them, are being made much more agreeable as a result of the help ‘4H’ has been able to give. Regarding shipments of humanitarian ‘Aid’ to Hungary, 2020/21 proved to be an unexpectedly difficult year for us because of the COVID pandemic. Because of the increased needs in Eastern Europe thrown up by the virus, we were glad to be offered by friends across the UK even more ‘gifts in kind’ than in recent years (about one and a half metric tonnes in total) for distribution within the Carpathian Basin. Thus, we were glad again of the help of local friends in and near Clevedon who help pack the Aid in Copse Road Chapel, and from logistics specialists Davies Turner in Avonmouth who transport the goods to their Dunaharaszti depot near Budapest.

In February and March 2020, pallets of Aid were collected as usual from Dunaharaszti by Dr and Mrs Barrett, who took them on to distribution points across Hungary, Romania, Serbia and Ukraine -- including churches, retirement homes, indigenous sister missions, church planter networks and key individuals. However, when the pandemic meant that the Barretts could not return to Hungary later in the year, they had to make other arrangements for further pallets sent from Avonmouth to be collected from the freight depot and taken on elsewhere by local friends. In the event, this new system worked reasonably well, and by the end of November the ‘4H’ store cupboards in Clevedon were ‘pre-BREXIT’ empty. We are now trying to determine whether, under the new trading terms with the EU it will be practically possible for ‘4H’ send more Aid in future, or not. The ‘jury is out’ on this important question.

In the early days of the pandemic, ‘4H’ was delighted to make it possible for church leaders in Gyula in SE Hungary to organise a second distribution of basic foods and essential cleaning materials to well over 200 Hungarian Roma families in eastern Hungary — key families in local Roma churches who were under great pressure financially because of COVID-reduced or lost employment income. Some 1500 Roma Believers directly benefitted from this distribution, as from the first. Perhaps this may have to serve as the prototype of one future model of ‘4H’ humanitarian help for some of the most-needy members of Hungarian communities across the Carpathian Basin?

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

Objectives and Activities (continued)

Leadership Support

Early in 2020, ‘4H’ continued to make financial gifts to help support and encourage as many Hungarian pastors and pastors’ wives as possible in Hungary, but even then it was not possible to do so in the usual way in Romania, Serbia and Ukraine because of COVID-related travel restrictions. However, though the good offices of the leaders of the Hungarian Baptist Convention in Romania it became possible in that country to specially help more than 80 serving and retired pastors, pastors’ widows, and a small number of support staff whose needs were greater than usual because of the pressures of the virus on the budgets of local congregations. This is a greater number than we have ever managed before. We are also glad to have been able to separately help support and encourage the resident managers of the Hargita Christian Camp in central Romania, plus some other pastors and other Christian workers in Hungary and Ukraine by direct Bank transfer. Meanwhile, the ‘4H’ ‘Young Workers Project’ — by which we help the Hungarian Baptist Union make it possible for several young Christian leaders each year to begin or develop their ministries — continued apace despite adjustments necessitated by the pandemic. In 2020/21, ‘4H’ continued to part-support deaf worker Bokros Andrea (Hungary) and the group under her leadership that has continued its internationally acclaimed pioneer ministry producing ‘deaf friendly’ videos of selected parts of the Bible, and some Bible-based dramas in Hungarian sign language. We extended ‘4H’ part-support for indigenous Christian charity leaders Ficsor Donat and Barbara (Hungary), and worked with them especially on a range of new literature projects. We were also glad to be able to go on supporting dedicated Hungarian-speaking ‘missionaries’ Nagy-Kasza Dani and Ilona (Ukraine); church-planters Fil6p Miki and Erika in Petdfibanya, Gergely and Krisztina in Dunaharaszti and Filldp Aron and Mogi in Buda (all in Hungary); Roma Pastor Fogdérosi Deszé (Akés, Romania); and Apprentice Pastor Bognar Benjémin and Hanni at Ujferhéto (Hungary). We also continued to part-support Apprentice Pastor Molnar Otto and his wife in Szilagyerked (Romania) until their group of churches was able to fully support them from the autumn of 2020. Last but not least we were delighted that all four of the Pastoral Apprentices we were part-supporting in Hungary during the final year of their studies at the Baptist Seminary in Budapest in 2019/20 graduated successfully in the summer of 2020, and have all since been inducted into full-time pastorates of churches in Hungary. In their place we have now taken on the part support of three new Pastoral Apprentices under this on-going, successful scheme with the Hungarian Baptist Union.

Camps, conferences, retreats and other public meetings, and substitutes for them

Very sadly, none of the various Camps and Conferences that we had promised to help support across ‘historical Hungary’ in 2020/21 for Young People (summer and winter), disabled persons (summer), Widows and Singles (spring), and pastors and their families (summer) were able to go ahead as planned. After March 2020, the same became true of Church Planters’ Conferences in Hungary at which Dr & Mrs Barrett have become regular speakers, and where they have been glad to be able to offer -- free of charge — Bibles, ranges of free books, and assorted musical instruments donated by friends in the UK for use in newly-planted churches. We trust that in 2021 it will become possible for most or all such events to be convened again.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

Objectives and Activities (continued)

In 2020/21, in lieu of the Children’s Camps we would have helped support in SW Ukraine, we sent a substantial gift to a Hungarian pastor and his wife so they themselves could assemble Gift Boxes for children and Young People in several Hungarian churches in that area. These Christmas gifts proved all the more welcome because COVID-19 prevented other organisations from the UK delivering boxes to them in 2020 as they have done sometimes in recent years.

Apart from several occasions during their visit to Hungary and Romania early in 2020, there were no other opportunities for Dr & Mrs Barrett to speak in Hungarian churches, universities, schools or public arenas during the ‘4H’ 2020/21 Financial Year. Instead, they accepted several invitations to write articles for on-line Christian magazines, denominational papers and other publications in both Hungary and Romania. These have been increasingly widely accessed as the pandemic unfolded.

Literature preparation, production and distribution

In the literature field, ‘4H’ has yet again been able to purchase hundreds of Hungarian Bibles at special discount prices from the Hungarian Reformed Church publisher, ‘4H’s sister mission, Kalvin Kiad6 in Budapest, and distribute them to churches, pastors and church planters.

Following the extensive groundwork carried out during 2019/20 by Orémhir Alapitvany and ‘4H’ in respect of our jointly run Third Novel Competition to encourage the writing in Hungarian of new full-length Christian novels for teens or younger children, during 2020/21 we prepared four new titles for printing and publication. Details of these are as follows:

Emma és Bekka, primarily for older teenage girls: First Printing, 4000 copies. A lila cip6, primarily for younger teenage girls: First Printing 4000 copies. Micsoda védés!, primarily for teenage boys: First Printing 4000 copies. Buksi, primarily for under 10-year-olds: First Printing, 4000 copies.

In every case, ‘4H’ has paid the printing costs, and is the Copyright holder of the titles. Approaching twothirds of the total printings of 16,000 copies were subsequently distributed free of charge before Christmas — nearly half of them through five delivery rounds organised by ‘4H’ from our Clevedon office, with excellent help in the Field by Hungarian friends, to reach most of Hungary itself plus some limited areas of Romania and Serbia.

Because Micsoda védés! was written originally in English by ‘4H’ Director Eric Barrett, it was decided that this book, What a Save!, should be mailed to all our Prayer Partners as the 2020 ‘thank you’ gift from Dr and Mrs Barrett in lieu of personal Christmas Cards. We hope that many additional copies will be purchased by churches and Christian sports clubs to give to teenagers in the UK, whether they are already Christian Believers or not. The First Printing of this English book numbered 2200 copies. A substantial number of these have already been requested by Hungarian churches for teen ministries in the English language, and we expect that more will be required for ‘English (Language) Camps’ in the Carpathian Basin in 2021, CV-19 circumstances permitting.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES for the year ended 31 January 2021

Objectives and Activities (continued)

One other new publication in 2020/21 is worthy of special mention, namely the 16-page Gospel/outreach booklet The Missing Piece. This has already been published in several other languages, with global total print runs exceeding 2 million copies. It was offered to us by the author for translation into the Hungarian language. We arranged for this, and the Barretts composed the pdfs for printing under the title Bekésség az élet vihardban. 8000 copies have been printed, about one-third of which have already been distributed to churches requesting them.

During 2020/21 ‘4H’ continued its support for two Christian magazines produced by Hungarian churches in Romania, namely Eszter (for ladies) and Harmatcseppek (for children). We initiated discussions to evaluate the need for regular copies of these excellent periodic publications in Hungary too, but this process has been, and is being delayed by the pandemic. In the meantime, the Hungarian Youth for Christ magazine Jelige that we financially supported for several years has now gone on-line only, so our annual gift to YFC now helps meet the costs of the preparation of this electronic version instead.

Team of helpers

As anticipated in the previous Annual Report, professional maintenance of the ‘4H’ financial accounts has now been taken over completely by Mrs Libby Morris who is also a Member of Dr Barrett’s home church in Bristol. We are very grateful to her for the cheerful and speedy way in which she gives her services. Early in this Financial Year she helped adjust our method of accounting from ‘accruals’ to ‘cash.’ We hope that this will simplify her tasks in future. Phil Hodges has continued to serve ‘4H’ as its Independent Examiner, and we are grateful to him for this voluntary service.

Most of the preparation of final proofs of documents for printing continues to be undertaken by Dr Barrett, but many Hungarian — and some English -- friends have helped when needed, especially with interpretation, translation and advice on advanced graphic design.

Maintenance of the computers used for ‘4H’ in the office in the Barretts’ home in Clevedon remains a testing challenge, and this year we have needed help with this from several sources. We have been especially grateful for help from Stewart Heap from Eric’s church in Bristol, and from an IT company in the east of England paid for through the generosity of a former Trustee of ‘4H’.

Other local friends and neighbours cheerfully help with the preparation of our quarterly mailings to Prayer Supporters, and have helped again in 2020/21 with the selection and packing of ‘Aid’ for Hungary.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES

for the year ended 31 January 2021

Objectives and Activities (continued)

In summary, because of the global COVID-19 both crisis, 2020/21 proved to be an unexpectedly testing one both for ‘4H’ and for the Hungarian churches and Believers we were established to help. We had to quickly change many of our normal modi operandi to ensure we could still provide significant help in many of our usual ways, and to develop new ones to adjust to the rapidly changing pattern of needs and opportunities. A headline in The Guardian on 12 November 2020 reported: ‘A devastating loss of funds’: UK charities count the cost of COVID’. We are therefore very thankful that, although giving to UK Charities generally has been significantly less than in recent years, giving to ‘4H’ actually increased by almost £7,000 during our FY 2020/21, even in the absence of any unusual gifts, e.g. legacies. We are indeed grateful to God, and to all our donors, for this remarkable result. This has been all the more necessary because, in the face of unprecedented needs ‘in the Field’, our expenditure has significantly exceeded our income for the second year running.

However, we have been careful to ensure that although our reserves have fallen from a peak of £263,888 in FY 2017/2018 to £202,735 at the end of FY 2020/21, they still comfortably exceed the expenditure that our Board of Trustees is prepared to budget for during FY 2021/22. Thus, our underlying financial position is satisfactory, though it is concerning that the recent loss of some Prayer Partners from our mailing list in 2020/21 has not been balanced by new Prayer Partners signing up, mainly because of the sharp reduction in the number of public meetings at which ‘4H’ ministries could be presented.

The Trustees of ‘4H’ are glad that so much was accomplished despite the pandemic, as testified by the achievements ‘in the Field’ as summarised above, and the greater-than-usual expressions of thanks we have received from Hungarian-speaking church leaders and others in the Carpathian Basin during this unprecedented year.

In keeping with our long-established ‘business model’, a very high proportion of ‘4H’ income was again dispensed ‘in the Field’, with less than 3% spent on home office and ancillary costs; and 0% on staff, because ‘4H’ has no employees. We continue to share information on our current projects and ministries via quarterly mailings to those who have signified a wish to receive such items from us, plus additional information from time to time to those on our email contact list. We also respond by letter or email to those UK churches that regularly ask for up-to-date topics for prayer, and personally acknowledge every gift that is received for the work.

Public benefit

In setting objectives and planning activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. The Trust is essentially an enabling organisation in that it seeks to help Hungarian speaking Churches and Christians to achieve more of their goals by enabling friends in the UK to help them to do so.

Working closely with its UK supporters and churches, ‘4H’ seeks to advance the Christian faith by providing help and support for Bible-believing Christians in Hungary and in regions of Romania, Serbia, Slovakia and Ukraine.

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Helping His Hungarian Heroes

REPORT OF THE TRUSTEES

for the year ended 31 January 2021

Financial Review

The financial statements of the Trust for the year ended 31 January 2021 have been prepared on a receipts and payments basis and should be reviewed in conjunction with this Trustee Report.

Income is derived primarily from unrestricted and restricted gifts received from individual supporters and churches. Expenditure includes office administration and printing costs and field ministry costs associated with travel to and from Hungarian speaking countries to encourage and support church pastors and their local initiatives.

'AH”s total receipts in the year ended 31 January 2021 were £125,362 (2020: £118,463), and its total payments were £147,651 (2020: £142,800), resulting in net payments for the year of £22,289 (2020: £24,337).

As at 31 January 2021 '4H"s cash funds were £202,735, comprising unrestricted general funds of £202,735 (2020: £225,024) and restricted funds of £Nil (2020: £Nil).

Reserves Policy

The Trustees are committed to maintaining an adequate level of reserves for general funds. As at 31 January 2021 the Trustees recognised that the Trust had reserves in excess of that needed to cover its normal operating costs. As a result the Trustees continue to actively seek opportunities for '4H' to support Hungarian-speaking church initiatives in the areas of church building and restoration projects, literature projects, pastoral support and supporting youth and disabled Christian camps.

Declaration

The Fcustees Report was approved by the Trustees and signed on their behalf by:

£. Dr Eric C Barrett Mrs RosemaryJ Barrett Date Chairperson Secretary

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Helping His Hungarian Heroes

RECEIPTS AND PAYMENTS ACCOUNTS for the year ended 31 January 2021

RECEIPTS AND PAYMENTS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|2021|2020| |funds|funds|Total|Total| |£|£|£|£| |Receipts| |Donations,|legacies|and|other|similar|receipts|116,642|8,461|125,103|117,723| |Interest|received|259|-|259|740| |Sub|total|116,901|8,461|125,362|118,463| |Asset and|investment|sales,|etc.|-|-|-|~| |Total receipts|116,901|8,461|125,362|118,463| |Payments| |Church|building|projects|31,020|3,050|34,070|65,500| |Literature|projects|31,562|4,681|36,243|22,210| |Pastor|support|63,476|80|63,556|30,857| |Disabled|support|-|-|-|3,000| |Camps|&|Subsistence|7,085|650|7,735|10,094| |Field|ministry|expenses|2,272|-|2,272|7,669| |Printing,|postage|and|stationery|costs|3,108|-|3,108|2,922| |Sundry|costs|-|-|-|-| |Bank|charges|667|-|667|548| |Sub|total|139,190|8,461|147,651|142,800| |Asset and|investment|purchases,|etc.|-|-|-|-| |Total payments|139,190|8,461|147,651|142,800| |Net|receipts / (payments)|(22,289)|-|(22,289)|(24,337)| |Transfers|between|funds|-|-|-|-| |Cash|funds|last|year|end|225,024|-|249,361|249,361| |Cash|funds|this year|end|202,735|-|227,072|225,024|

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Helping His Hungarian Heroes

RECEIPTS AND PAYMENTS ACCOUNTS for the year ended 31 January 2021

STATEMENT OF ASSETS AND LIABILITIES

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|||||||||| |---|---|---|---|---|---|---|---|---| |As|at 31 January| |Unrestricted|Restricted|2021|2020| |funds|funds|Total|Total| |£|£|£|£| |Cash|funds| |COIF|Charities|Deposit|Fund|70,760|-|70,760|70,609| |HSBC|Bank|PLC|131,975|-|131,975|154,415| |Total cash funds|202,735|-|202,735|225,024| |Other|monetary|assets| |Gift|aid|recoverable|from|HMRC|14,166|-|14,166|11,742| |Investment|assets|-|-|-|=| |Assets|retained|for the|charity's own|use|-|-|-|-| |Liabilities| |Supplier accounts|not|yet|paid|-|-|-|-|

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The financial statements were approved by the Trustees and signed on their behalf by:

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,
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Dr Eric C Barrett Date
Chairperson
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«48 .

Helping His Hungarian Heroes

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF HELPING HIS HUNGARIAN HEROES

SS | report on the financial statements of Helping His Hungarian Heroes for the year ended 31 January 2021 which are set out on pages 12 and 13.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements. 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 the independent examiner's statement

My examination was carried out in accordance with the 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial financial statements, 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 financial statements 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 material matters have come to my attention which gives me cause to believe that in any material respect:

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P E Hodges CPFA Signed: f° pia Hole, vs
Independent Examiner J
74 Cottrell Road Date: 3) i 12)
Bristol BSS 6TN
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