The Stable (Barnet) Report and Accounts for the year ended 31 March 2024
THE STABLE (BARNET)
FOR THE YEAR ENDED 31 MARCH 2024
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 A Merryweather The Stable Salisbury Road Barnet EN5 4JP
Independent Examiner
Peter Kittle FFA, FIPA, FFTA, FCIE 37 Fraser Close Chelmsford Essex CM2 0TD
Bankers
HSBC 789 High Road London N12 8JX
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 2024
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2024.
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 to worship every Sunday at our building in Salisbury Road.
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Meeting periodically on Friday nights for extended praise and worship and/or prayer
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Meeting for prayer on Saturday mornings
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Midweek groups for believers and non-believers to worship together and explore and discuss
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our understanding and experiences of God
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Hosting clubs and groups (including a parent/carer and toddler group)
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Promoting and supporting attendance at Christian conferences
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Hosting social events for our local community
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Hosting a weekly community cafe
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-fund a CAP debt centre in High Barnet with Christ Church Barnet
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 a provider of ballet classes for children
Organisations and individuals 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 longstanding relationship with the Grassroots Trust (a church planting and humanitarian aid charity) one of whose directors co-founded The Stable and remains a Trustee. Certain 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 29th July 2024 and signed on their behalf by:
R Anderson
D Ellis
4
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE STABLE (BARNET)
This report on the accounts of the trustees for the year ended 31 March 2024, which are set out on pages 7 to 12, is in respect of an examination carried out under Section 145 of the Charities Act 2011.
Respective responsibilities of the trustees and examiner
As members of the trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities Act 2011 (The 2011 Act) does not apply. of the Companies Act 2006 (‘the 2006 Act’).
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)9(b) of the Charities Act); and
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To state whether in particular matters have come to my attention.
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 are 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:
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(1) Which gives me reasonable cause to believe that in, any material respect, the requirements;
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To keep accounting records in accordance with Section 130 of the Charities Act; and
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To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached.
P Kittle FFA/FIPA FFTA
Financial Accountant
37 Fraser Close Chelmsford Essex CM2 0TD
Date: 2024
5
The Stable (Barnet)
Statement of Financial Activities for the Year ended 31 March 2024
| Note INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other income and endowments 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 £ 2024 £ 2023 £ 29,921 592 30,513 29,020 10,448 10,448 15,561 |
|---|---|
| 40,369 592 40,961 44,581 39,394 1,864 41,258 40,552 |
|
| 39,394 1,864 41,258 39,952 |
|
| 975 (1,272) (297) 4,029 (20) 20 - - |
|
| 955 (1,252) (297) 4,029 821,562 2,330 823,892 819,863 |
|
| 822,517 1,078 823,595 823,892 |
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 2024
| 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 Accruals NET ASSETS FUND BALANCES Unrestricted funds 10 General Funds Designated funds Restricted Funds 10 |
Unrestricted Restricted Funds Funds £ £ 741,526 - - - 81,641 1,078 81,641 1,078 - - 81,641 1,078 |
Unrestricted Restricted Funds Funds £ £ 741,526 - - - 81,641 1,078 81,641 1,078 - - 81,641 1,078 |
2024 £ 741,526 - 82,719 82,719 _- 82,719 |
2024 £ 741,526 - 82,719 82,719 _- 82,719 |
2023 £ 744,488 - 80,004 80.004 -______ 80,004 |
2023 £ 744,488 - 80,004 80.004 -______ 80,004 |
|
|---|---|---|---|---|---|---|---|
| 650 | 650 | 600 | |||||
| 822,517 |
1,078 | 823,595 | 823,892 | ||||
| 345,308 477,209 1,078 822,517 |
- 1,078 1,078 |
345,308 344,698 477,209 476,864 1,078 2,330- 823,595 823,892 |
|||||
For the year ended 31 March 2024 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.
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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 29[th] July 2024 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 2024
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 £ £ 14,339 10 3,408 - 12,174 582 29,921 592 |
Total Total 2024 2023 £ £ 14,349 13,654 3,408 3,479 12,756 11,887 30,513 29,020 |
Total Total 2024 2023 £ £ 14,349 13,654 3,408 3,479 12,756 11,887 30,513 29,020 |
|---|---|---|---|
| 29,020 |
2 Voluntary income
8
THE STABLE (BARNET)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
| 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 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 4,296 - 4,296 2,836 - - - 313 3,087 - 3,087 8,436 8,136 - 8,136 5,156 653 - 653 572 1,645 - 1,645 1,751 6,741 - 6,741 4,315 763 - 763 100 2,479 - 2,479 2,436 2,962 - 2,962 2,962 4,532 1,864 6,396 7,305 35,294 1,864 37,158 36,182 650 - 650 920 - - - 0 3,450 - 3,450 3,450 4,100 - 4,100 4,370 |
|---|---|---|---|---|---|---|---|
| 920 0 3,450 |
|||||||
| 4,370 | |||||||
| 39,394 | 1,864 | 41,258 | 40,552 | ||||
| Total Total Institutions Individuals 2024 2024 £ £ £ £ 3,928 2,468 6,396 7,305 3,928 2,468 6,396 7,305 were: £2,792 £3,779 |
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 2024
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 DONE
| Cost or valuation At 1 April 2023 Additions: Revaluation At 31 March 2024 Accumulated Depreciation At 1 April 2023 Charge for the year - to General Fund Charge for the year - to Revaluation Reserve At 31 March 2024 Net book value At 31 March 2023 At 31 March 2024 |
Freehold Buildings Equipment & Fittings Total £ £ 791,855 8,145 - 791,855 8,145 47,367 8,145 1,462 - 1,500 - 50,329 8,145 |
Freehold Buildings Equipment & Fittings Total £ £ 791,855 8,145 - 791,855 8,145 47,367 8,145 1,462 - 1,500 - 50,329 8,145 |
Freehold Buildings Equipment & Fittings Total £ £ 791,855 8,145 - 791,855 8,145 47,367 8,145 1,462 - 1,500 - 50,329 8,145 |
2024 £ 800,000 - 800,000 |
2024 £ 800,000 - 800,000 |
|---|---|---|---|---|---|
| 55,512 1,462 1,500 58,474 |
|||||
| 744,488 | - | 744,488 | |||
| 741,526 | - | 741,526 |
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 |
2024 £ - - - 82,719 - 82,719 |
2023 £ - - - 80,004 80,004 |
|---|---|---|
10
THE STABLE (BARNET)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
8 Creditors: liabilities falling due within one year
Accruals
| 2024 | 2023 | ||
|---|---|---|---|
| £650 | £600 |
9 Funds
The unrestricted Building Maintenance Fund is a fund designated by the Trustees to allow for future expenditure on the building refurbishment. The Tithe and Precious Women funds are also 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 General fund Unrestricted: designated Building maintenance fund Tithe fund Precious Women Revaluation Reserve Combined funds |
Opening balance at 1 April 2023 Incoming resources Outgoing resources Transfers Closing balance at 31 March 2024 £ £ £ £ £ 2,330 592 (1,864) 20 1,078 2,330 592 (1,864) 20 1,078 344,698 38,503 (30,181) (7,712) 345,358 - - (3,087) 3,846 759 903 - (2,300) 3,846 2,449 565 1,866 (2,326) - 105 475,396 - (1,500) - 473,896 821,562 40,369 (39,394) - 822,567 |
Opening balance at 1 April 2023 Incoming resources Outgoing resources Transfers Closing balance at 31 March 2024 £ £ £ £ £ 2,330 592 (1,864) 20 1,078 2,330 592 (1,864) 20 1,078 344,698 38,503 (30,181) (7,712) 345,358 - - (3,087) 3,846 759 903 - (2,300) 3,846 2,449 565 1,866 (2,326) - 105 475,396 - (1,500) - 473,896 821,562 40,369 (39,394) - 822,567 |
|---|---|---|
| 823,892 40,961 (41,258) - 823,595 |
||
11
THE STABLE (BARNET)
Detailed Statement of Financial Activities with Comparatives
FOR THE YEAR ENDED 31 MARCH 2024
| Note INCOME AND ENDOWMENTS FRO Donations and legacies 2 Other income and endowments 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 2024 2023 2024 2023 2024 2023 2024 2023 £ £ £ £ £ £ £ £ M 29,921 25,380 - 590 592 3,050 30,513 29,020 8,582 7,555 1,866 8,006 - - 10,448 15,561 |
|---|---|
| 38,503 32,935 1,866 8,596 592 3,050 40,961 44,581 30,181 22,681 9,213 17,107 1,864 764 41,258 40,552 |
|
| 30,181 22,681 9,213 17,107 1,864 764 41,258 40,552 8,322 10,254 (7,347) (8,496) (1,272) 2,286 (297) 4,029 (7,712) (6,808) 7,692 6,764 20 44 - - |
|
| 610 3,446 345 (1,747) (1,252) 2,330 (297) 4,029 |
|
| 344,698 341,252 476,864 478,611 2,330 - 823,892 819,863 |
|
| 345,308 344,698 477,209 476,864 1,078 2,330 823,595 823,892 |
Movements on reserves and all recognised gains and losses are shown above.
Page 12