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
## **CONTENTS**
||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|
1
## **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
2
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.
3
## **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**
4
## **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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
5
## **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.
6
## **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.
7
**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**
8
## **THE STABLE (BARNET)**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
|**3 Charitable activities**
A **Direct Charitable Costs**
Church running expenses
Training & Pastoral
Equipment, disposables & Repairs
Light, heat & water
Telephone & internet
Insurance
Evangelism
Youth and children ministry
Worship
Equipment depreciation
Grants payable - note 3c
B**Support & Administration**
Accounting
Governance
Debt Counsellor costs
**Combined charitable activity cost**
C **Grants payable**
Missionary support, church plant &
humanitarian aid
Donations to institutions of more than £1,000
Grassroots|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|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.
9
## **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**
|Cost or valuation
At 1 April 2021
Additions: Revaluation
At 31 March 2022
Accumulated Depreciation
At 1 April 2021
Charge for the year - to General Fund
Charge for the year - to Revaluation Reserve
At 31 March 2022
Net book value
At 31 March 2021
At 31 March 2022|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|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|
|---|---|---|
10
## **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|
11
## **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.
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