2022-03-31-accounts

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The Stable (Barnet) Report and Accounts for the year ended 31 March 2022

THE STABLE (BARNET)

FOR THE YEAR ENDED 31 MARCH 2022

CHARITY INFORMATION

Trustees

Robert Anderson Sharon Anson David Ellis

Governing Document

Memorandum & Articles of Association, Incorporated 5 October 2006

Company Registration Number Charity Registration Number

05583628 1112767

Address for Correspondence

Mr R Anderson The Stable Salisbury Road Barnet EN5 4JP

Independent Examiner

Vincent T Gardiner B.A., C.P.F.A. Wellpark 68 Cardross Road Dumbarton G82 4JQ

Bankers

HSBC 140 High Barnet Hertfordshire EN5 5XW

	Page
Charity Information	1
Trustees Report	2-4
Reporting Accountant's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8-11
Detailed SOFA with comparatives	12

THE STABLE (BARNET)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2021.

Objects of the charity

The objects of the charity are:

a) To advance the Christian faith in Barnet and in such other parts of the United Kingdom or the world as the directors may from time to time think fit, and to fulfil such other purposes which are exclusively charitable according to the law of England & Wales and are connected with the charitable work of the charity.

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 Barnet and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

Governance

The policy and operating decisions of the charity rest with the Trustees who meet annually to monitor the activities of the Company. Day to day decisions are delegated to an executive group of whom one Trustees is currently a member.

New trustees are appointed by the Trustees.

Review of Activities

The Stable sought to continue to demonstrate the Christian faith in action in the local community in Barnet, and collaborate with others further afield. Activities have included:

Meeting every Sunday (when this was practically feasible within periodic COVID-19
restrictions) at our own building in Salisbury Road and at other times through the year
Meeting via digital conference facilities on Sundays when it was not possible to meet in person
at our building in Salisbury Road
Meeting for prayer on Saturday mornings and (until recently) Thursday evenings
Midweek groups for believers and non-believers to explore and discuss their understanding
and share their experiences of God
Hosting clubs and groups including (when possible) a parent/carer and toddler group)
Promoting and supporting attendance at Christian conferences (in person, or online when
these events were held via digital media) camps, including the New Wine ‘United’ conference
Hosting social events for our local community

We have also supported and participated in activities in collaboration with other churches and local organisations including:

• The activities of CAP (a Christian debt-relief charity), where we co-funded a part-time debt counsellor in partnership with Christ Church Barnet, Jesus House, and Trinity Colindale until June 2021. From July 2021 we co-founded a new CAP debt centre in High Barnet, and we cofund this initiative with Christ Church Barnet and St James Barnet

nFlame, an organisation focussed on equipping teenagers/young people to serve God and
minister to other people

When allowed by COVID-19 regulations to do so, our building has also made available to a number of approved other users as a facility for the community as well as a place of worship. These include:

Organisations whose specific purpose is to provide a service to the local community
A provider of ballet classes for children

Organisations using our building are invited to make a donation towards the costs of maintaining the building. These donations provide a useful contribution towards running costs of The Stable, supplementing its core income of gifts and donations from members of (and visitors to) the church.

The Trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.

The Grassroots Trust

We greatly value our continuing relationship with the Grassroots Trust (a church planting and humanitarian aid charity) one of whose directors co-founded The Stable and remains a Trustee. Several church members remain actively involved with the work of Grassroots and the Stable makes a monthly donation towards its work.

Financial Review

This year’s income has been satisfactory and has allowed us to maintain sufficient reserves to meet foreseeable commitments for the next 12 months.

Reserves Policy

Some years ago, the Board of Trustees established a policy whereby free reserves held by the charity should be sufficient for normal running expenses and for foreseeable expenditure on capital equipment. These free reserves (the unrestricted reserves not invested in equipment; normally being the amounts held at the bank adjusted for short-term amounts owed and owing) are required to be maintained at a level of at least 3 months of expenditure.

Risk Statement

The trustees have reviewed the risks to which a small charity is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. The insurance policy is reviewed annually.

Trustees' Responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.

Approval

This report was approved by the trustees on 25[th] November 2022 and signed on their behalf by:

R Anderson

D Ellis

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE STABLE (BARNET)

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 6 to 12 following, which have been prepared on the basis of the accounting policies set out on page 8.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

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.

Vincent T. Gardiner, CPFA

Wellpark 68 Cardross Road Dumbarton West Dunbartonshire Scotland G82 4JQ

25th August 2022

The Stable (Barnet)

Statement of Financial Activities for the Year ended 31 March 2022

Note INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other income and endowments Revaluation reserve Total Incoming Resources EXPENDITURE ON Charitable activities 3 Total expenditure Net income/(expenditure) Transfers between funds Net Movement in Funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted Restricted Total Funds Total Funds Funds £ Funds £ 2022 £ 2021 £ 24,992 42 25,034 22,908 8,875 - - 8,875 - 1,730 199,396
	33,867 42 33,909 224,034 32,650 264 32,914 33,858
	32,650 264 32,914 33,858
	1,217 (221) 995 190,176 (221) 221 - -
	995 - 995 190,176 818,868 - 818,868 628,692
	819,863 - 819,863 818,868

Movements on reserves and all recognised gains and losses are shown above.

The notes on pages 8-12 form part of these accounts.

THE STABLE (BARNET) BALANCE SHEET

as at 31 March 2022

Note FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand 7 CURRENT LIABILITIES Liabilities falling due within one year 8 Net Current Assets NET ASSETS FUND BALANCES Unrestricted funds 10 General Funds Designated funds Restricted Funds 10	Unrestricted Restricted Funds Funds £ £ 747,450 - - - 72,413 - 72,413 - - - 72,413 -	Unrestricted Restricted Funds Funds £ £ 747,450 - - - 72,413 - 72,413 - - - 72,413 -	2022 £ 747,450 - 72,413 72,413 _- 72,413
	819,863	-	819,863
	341,252 478,611 - 819,863	- - -

For the year ended 31 March 2022 the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act. However, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner whose report forms part of this document.
b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies ’ regime.

Approved by the Directors on 25[th] November 2022 and signed on their behalf by:

R Anderson

D Ellis

Company number: 05583628

Charity number: 1112767

The notes on pages 8-12 form part of these accounts.

FOR THE YEAR ENDED 31 MARCH 2022

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

1 Accounting Policies

The accounts have been prepared under the historic cost convention, in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The following are the accounting policies which have been applied in dealing with material items:-

The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future.

a) Donated and grant income:

Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.

b) Other income and expenditure:

Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations. Grants for the support of missionaries are accounted for on the basis of support that relates to the financial year.

c) Funds:

Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.

d) Fixed assets and depreciation:

Fixed assets acquired for use by the company are capitalised and depreciated over their estimated useful life unless they cost less than £1,000 when they are written off on purchase.

Depreciation periods are as follows:

Equipment

Between 3 and 7 years

Voluntary income General donations - Gift Aided Tax recoverable General donations - non Gift Aided	Unrestricted Restricted Funds Funds £ £ 14,136 - 3,320 42 7,536 - 24,992 42	Total Total 2022 2021 £ £ 14,136 13,288 3,362 3,192 7,536 6,428 25,034 22,908

2 Voluntary income

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 2,232 - 2,232 1,037 - - - 55 5,471 - 5,471 10,824 3,576 - 3,576 2,046 421 - 421 414 1,485 - 1,485 1,459 3,568 - 3,568 900 787 - 787 100 1,514 - 1,514 1,119 2,962 - 2,962 2,962 6,584 264 6,848 10,527 28,600 264 28,864 36,353 300 - 300 - - - - 15 3,750 - 3,750 2,103 4,050 - 4,050 2,118	Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 2,232 - 2,232 1,037 - - - 55 5,471 - 5,471 10,824 3,576 - 3,576 2,046 421 - 421 414 1,485 - 1,485 1,459 3,568 - 3,568 900 787 - 787 100 1,514 - 1,514 1,119 2,962 - 2,962 2,962 6,584 264 6,848 10,527 28,600 264 28,864 36,353 300 - 300 - - - - 15 3,750 - 3,750 2,103 4,050 - 4,050 2,118	Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 2,232 - 2,232 1,037 - - - 55 5,471 - 5,471 10,824 3,576 - 3,576 2,046 421 - 421 414 1,485 - 1,485 1,459 3,568 - 3,568 900 787 - 787 100 1,514 - 1,514 1,119 2,962 - 2,962 2,962 6,584 264 6,848 10,527 28,600 264 28,864 36,353 300 - 300 - - - - 15 3,750 - 3,750 2,103 4,050 - 4,050 2,118	Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 2,232 - 2,232 1,037 - - - 55 5,471 - 5,471 10,824 3,576 - 3,576 2,046 421 - 421 414 1,485 - 1,485 1,459 3,568 - 3,568 900 787 - 787 100 1,514 - 1,514 1,119 2,962 - 2,962 2,962 6,584 264 6,848 10,527 28,600 264 28,864 36,353 300 - 300 - - - - 15 3,750 - 3,750 2,103 4,050 - 4,050 2,118


32,650	-	32,914	38,471
Total Total Institutions Individuals 2022 2021 £ £ £ £ 3,193 3,655 6,848 9,844 3,193 3,655 6,848 9,844 were: £2,607 £8,447

The church supports missionaries in the UK and internationally. Where a particular missionary has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date in some cases, the church officers assess missionary funding on an annual basis and are confident that the missionaries would not view their support as an open-ended obligation by the church.

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Staff & Trustees

During the year the charity had no employed staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

5 Tangible Fixed Assets

Freehold Buildings Equipment & Fittings Total £ £ 791,855 8,145 - 791,855 8,145 41,443 8,145 1,462 - 1,500 - 44,405 8,145	Freehold Buildings Equipment & Fittings Total £ £ 791,855 8,145 - 791,855 8,145 41,443 8,145 1,462 - 1,500 - 44,405 8,145	2022 £ 800,000 - 800,000	2022 £ 800,000 - 800,000
			49,588 1,462 1,500 52,550

750,412	-	750,412

747,450	-	747,450

The freehold church building was transferred to be held on charitable trusts under a deed dated 30 June 1937. The valuation of £800,000 including fittings is held in the accounts, as of 31[st] March 2021, is a trustees' estimate of the open market value based on a conversation with the insurers over the rebuild cost. Depreciation is charged to the depreciation reserve.

6 Debtors Tax recoverable Insurance prepayments 7 Cash at Bank and in Hand Bank operating accounts Petty cash	2022 £ - - - 72,213 200 72,413	2021 £ - - - 68,256 200 68,256

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

8 Creditors: liabilities falling due within one year

Accruals

-	-
-	-

9 Funds

The unrestricted Building Fund is a fund designated by the Trustees to allow for future expenditure on the building refurbishment. The Tithe, Precious Women and TNT funds are amounts set aside to provide for funding in those specific areas.

The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:

Restricted Mission funds Unrestricted Building maintenance fund Tithe fund TNT Precious Women General fund Revaluation Reserve Combined funds	Opening balance at 1 April 2021 Incoming resources Outgoing resources Transfers Closing balance at 31 March 2022 £ £ £ £ £ - 42 (264) 221 -
	- 42 (264) 221 -
	867 - (5,471) 4,604 - 357 2,000 (3,750) 2,972 1,579 642 - (544) - 98 - 2,245 (2,208) - 37 338,605 29,622 (19,178) (7,797) 341,252 478,396 - (1,500) - 476,896
	818,868 33,867 (32,650) (221) 819,863


	818,868 33,909 (32,914) - 819,863

THE STABLE (BARNET)

Detailed Statement of Financial Activities with Comparatives

FOR THE YEAR ENDED 31 MARCH 2022

Note INCOME AND ENDOWMENTS FRO Donations and legacies 2 Other income and endowments Revaluation reserve Total income and endowments EXPENDITURE ON Charitable activities 3 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Total Total Unrestricted Funds - General Unrestricted Funds - Designated Restricted Funds Funds Funds 2022 2021 2022 2021 2022 2021 2022 2021 £ £ £ £ £ £ £ £ M 22,992 18,021 2,000 - 42 4,887 25,034 22,908 6,630 - 1,730 - 2,245 - - 199,396 - - - - 8,875 - 1,730 199,396
	29,622 19,751 4,245 199,396 42 4,887 33,909 224,034 19,178 13,645 13,473 15,074 264 5,139 32,914 33,858
	19,178 13,645 13,473 15,074 264 5,139 32,914 33,858 10,444 6,106 (9,228) 184,322 (221) (252) 995 190,176 (7,797) (9,204) 7,576 8,952 221 252 - -

	2,647 (3,098) (1,652) 193,274- - 995 190,176
	338,605 341,703 480,263 286,989 - - 818,868 628,692
	341,252 338,605 478,611 480,263 - - 819,863 818,868

Movements on reserves and all recognised gains and losses are shown above.

Page 12

THE STABLE (BARNET)

FOR THE YEAR ENDED 31 MARCH 2022

CHARITY INFORMATION

Trustees

Governing Document

Independent Examiner

Bankers

CONTENTS

THE STABLE (BARNET)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Objects of the charity

Governance

Review of Activities

The Grassroots Trust

Financial Review

Reserves Policy

Risk Statement

Trustees' Responsibilities

Approval

R Anderson

D Ellis

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE STABLE (BARNET)

Responsibilities and basis of report

Independent examiner’s statement

The Stable (Barnet)

Statement of Financial Activities for the Year ended 31 March 2022

THE STABLE (BARNET) BALANCE SHEET

as at 31 March 2022

Responsibilities of directors/trustees:

R Anderson

D Ellis

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

1 Accounting Policies

a) Donated and grant income:

b) Other income and expenditure:

c) Funds:

d) Fixed assets and depreciation:

2 Voluntary income

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Staff & Trustees

5 Tangible Fixed Assets

THE STABLE (BARNET)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

8 Creditors: liabilities falling due within one year

Accruals

9 Funds

THE STABLE (BARNET)

Detailed Statement of Financial Activities with Comparatives

FOR THE YEAR ENDED 31 MARCH 2022