The Stable (Barnet) Report and Accounts for the year ended 31 March 2025
THE STABLE IBARNET) FOR THE YEAR ENDED 31 MARCH 2025 CHARITY INFORMATION Trustees Robert Anderson Sharon Anson David Ellis Governlng Document Memorandum & Articles of Assoa'ation, Incorporated 5 October 2006 Company Reglstration Number Charfty Reglstratlon Numbér 05583628 1112767 Address for Correspondence Mr A Merryweather The Stsble Salisbury Road Barn# EN5 4JP Independent Examlner Colin Pard FCA Chelmer Company Services 37 Fraser Close Chelmsford Essex CM2 OTD Bankers HSBC 789 High Road London N12 8JX CONTENTS Page Charity Information Trustees Report Reporting Accountanes Report statement of Financial Activities Balan Sht Notes to the Accounts Detailed SOFA with comparab.ves 24 8-11 12
THE STABLE (BARNET) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2025. Objects of the charlty The objects of the charity are: a) To advan the Christian faith in Bamet and in such other parts of the United Kingdom or the world as the directors may from time to time think fiL and to fulfil such other purposes which are exclusively charitsble according to the law of England & Wales and are connerted with the charitsble 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 Bamet and in such other parts of the United Kingdom or the world as the trust may from time to time think fit. Governance The polio/ 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 operations and administration group of whom one Trustees is currentlyanember. New trustees are appointed by the Trustees. Review of Activities The Stsble sought to continue to derTh)nstrate the Christian faith in action in the local community In Bamet, and collaborate with oth5 further afield. Activities have included: Meeting to worship every Sunday at our building in Salisbury Road. Meeting periodically on Friday nights for extended praise and worship andlor prayer Meeting for prayer on Saturday mornings Midweek groups for believers and non-believers to eat, worship and explore and discuss our understanding and experien ofG(h Hosting social events for our localcommunity Hosting a w&kly community café, including monthly arts and crafts activities
We have also supported and partiapated in activities in collaboration with other churthes and local organisations including: The activities of CAP (a Chrisuan debt-relief charity), where we co-fvnd a CAP debt ntre in High Barnet with Christ Church Barnet Our building has also been made available to a number of approved other users as a facility for the community as well as a pla of worship. These include a provider of ballet daeS for children Organisations iNIMdua& 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 frorn members of (and visitors to) the church. The Trustees have complied with the duty to have due regard to the public benefit guidan published ty the Charity Commission, The Grassroots Trust We greatly value our longstsnding relationship with the Grassroots Trust (a church planting and humanitarian aid charity) one of whose directors CD-founded The Stsble and remains a Trustee. Certaln church members remain actively invofved with the work of Grassroots and the Stable makes a monthly donation towards its work. FFnancial Review This year's income has been satisfactory and has allowed us to maintsin sufficient reserves to meet foreseeable commitsnents for the next 12 months. Reserves Pollcv Some years ago, the Board of Trustees establlshed a pollcy whereby free resenies held by the charity should be sufficient for normal running expenses and for foreseeable expenditu on capital equipment. These free re*rves (the unrestricted reserves not invested in equipment; normally being the amounts held at the bank adjusted for short-tem) 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 rerfiew these risks on a regular basis. The insurance policy is reviewed annually. Trustees, Responslbllltles Charity law requires us as Trustees to prepare financial ststements for each accounting year which give a true and fairview of the state of the charity and of its income and expenditure for the year. Approval This report was approved bythe trustees on 2025 and signed on their behalf by: R Anderson D Ellls
INDEPENDENT EXAMI FTHE This report on the accounts of the trustees for the year ended 31 March 2025, which are t out on pages 6 to 12, is in respett of an examlnadon carrfed out under Sedon 145 of the Charftles Act 2011. Respective responsibilities of the trustees and examlner As trustees you are responsible for the preparatlon of the accounts, and you have consldered that the audit requirement of 5ecbon IH of the Charities Att 2011 fthe 2011 Acn doe5 not apply. It Is my responsibility to: Examine the accounts under section 145 of the tharltses Act To follow the procedures lald down In the General Dlrectlons glven by the thorlty Commlssloners (under sectlon 145{5)9(b) of the arItIeS Att); and To stste whether partlcular matters have come to my attenuon. Ba$1$ of independert examIn8 statement examination was carrled out In accordance wlth General Dlrects'ons glven by the Charlty Commission. An examlnadon Indudes a revlew of the accountlng records kept by the charfty and a comparlson of Ihe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanatlons from the trustees concernlng any such matters. The procedures undertaken do not provide all the eviden that would be requireé in an audiL and consequently no opinion is given as to whether the accounts present a 'true and fair" view. The report 15 limited to those matters set out in the statement below. Independent examin¢rfs statement In connecbon with my examination, no matter has come to my attention: (l) Which gives me reasonable cause to believe that in, any materlal respect, the wulrements: To keep accountlng records In accordance wtth Secuon 130 of the Thane$ Act; and To prepare accounts which accord with the accounting recDrds and comply with the accounting requirements of the ChatIeS Att have not been met. or (2) To which, in my opinlon, attention should be drawn to enable a proper undetstsnding of the accounts be aChed. Colin Pardoe FCA 37 Fraser Close Chelmsford Essex CM2 OTD 2025
The Stable {Barnet) Statemènt of Flnancial Actlvltles for the Year ended 31 March 2025 Total Funds 2025 Total Funds 2024 Note Unrestricted Restricted Funds Funds INCOME AND ENDOWMENTS FROM Donation5 and legacies 33,083 1,013 34,096 30,513 Other income and endowments 14,801 14,801 10,448 Totsl Incomlng ReSoUrS 47,884 1,013 48,897 40,961 EXPENDITURE ON Charitable activltles 54,034 2,138 56,172 41,258 Totsl expendlture 54,034 2,138 56,172 41,258 Net Income/(expendlture) (6,150) (1,125) (7,275) (297) Transfers betWn funds (47) 47 Net Movement In Funds (6,197) (1,078) (7,275) {297) Retonclllation of funds: Totsl fiJnd5 brought forward 822,517 1,078 823,595 823,892 Total funds ¢arrled forward 816,320 816,320 823,595 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 Alarch 2025 Note unrestricted Restritted Funds Funds 2025 2024 FIXED ASSErs Tangible assets 738,564 738,564 741,526 CURRENT ASSETS Debtors Cash at bank and in hand 78,406 78,406 82,719 CURRENT LIABILITIES . Liabilities falling due within one year Net Current Assets 78,406 650 AccruaSs 650 650 NEf ASSETS FUND BALANCES Unrestrlcted funds General Funds Deslgnated funds 10 340,410 475,910 340,410 475,910 345,308 477,209 Restricted Funds 10 For the yeor ended 31 March 2025 the compony wos entitled to the exemption from oudit under Section 4 77 of the Companies Act 2Q06 relating to small componies. Responsibilities of directorsltrustees.. The members hove not required the choritoble company to obtain on oudit ofits accounts for the year in question in occordance with Section 476 0[the Companies ACL However, in accor¢Jance with Section 145 of the Charities Act 201 l. the accounts have been examined by cn independent examiner whose report fomis Port of this document b. The dlreczorsltru5tees ocknowledge thelr responsibilities for Cofnplylng with the requirements of the Componies Act with respert to accounting records and the Preporotion of accounts. These occounts have been pr¥ared In accordance with the provisions applicoble to companles subject to the small componies 'regime. Z6110125. and signed on their Approved by theDirettors on ........ halfby: erson DEI is Company number: 05583628 Charity number: 1112761 The notes on pages 8-12 fonn part of these accounts.
THE STABLE {BARNEr) NOTES ro THE ACCOUNTS FOR THEYEAR ÉNDED 31 MARCH 2025 l Attountln8 Policies The accounts have teen ePar1 un£kr historlc cost conventron, in acc£dae wlth the Statement of Prartice". Accountlng and Rwrttng by CharTties prepaTiry their CoUnts in accordan with the Financial RertIng stsrKlard aplble in the UK and Republic Of IrelaTh (FRS 102) issu8J on 16 July 2014; and with the Financial Repjrtlng Standard appltsble In the United Kin9th)m and Republ of Ireland (FBS 102). The folbwing a the ac£ounting p)licie5 which have been applth in dealirKJ with material Items;_ The actt)urts have been prepared on the goiTr3 cor£ern basls, as there are no material uncertainbes aEtiut the charity's abil to a)ntinue. 3ased the adeqEW of the chaiity's reserves as at the balan date, along wrth thelr knowl of the charlvs ability to meet bills, payTnents and other liabilities as they fall due, the directors ha¥ a reasonable eXrECtat that charlty has suffKEnt resrS to o)ntTrnue in operational existen for the foreseeable future. DOn8j IrK0 and grants 1vable are tsken 5nto accxjunt then by the tharty. Income r&dved in circumgtsnces ¥the a cFalm repayment of tsx has or WIN te made to HM Revenue & Customs ts grossed up foT the tax rrfoverdble. Any amourt of tax lMed fnm HM Revenue & Customs but not yet r1Ved Is shown wthin the chartv's debtors. Investm Income 15 taken Into account en recervable and expendlture, including irrrnabie VAT, wn incurred by the tharity, regardless of when paynRnt 15 mat. Grants payable are taken Into acccrfjnt at the earller of when they are paid or become constructive obligatlons. Grants for the supwrt of mi55ionaries are accouftted for on the basls of suPrt that relate5 to the finart5al year. Unrestricted fuTrJs are donan5 and other trorne receNuJ or nerated for the obj8 of the charlty wlthout purrw afKI are available for wrFose5 as dSrthl the trustees. Restri fvnds are amounts received where the dor¥y has WfleL1 the wrrThe for whKh it 5Iwld u. Flxed assets aquired for use ty the company are captsli%d and depreciated over thelr estirTthed uful life unless they ccst less than £l,CMJO when they are wrltten off on wrthase. Depreciation perK)ds are asf0lk)v. Equipment Between 3 and 7 year5 2 Voluntsry Incom• Unrestrith Restricted Funds FU15 Totsl 2025 Totsl 2024 General doD&ions - Gft Tax recoverable General donations ~ non G'fft Aided 15,350 3,753 600 15,950 3,753 14,349
THE STABLE (BARNET) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH ZOZ5 3 ChJrltable acti¥ltlÈs Un1cted Restncted Funds Funds Total 2025 Totsl 2024 A Dire¢t Charltable Costs Grants payable- note 3c' Equipment, disposables & repairs Evangeflsm Ligh¢ heat & water Church runnlng 4Mses Worshlp Insurante Telephone & lrtemet Youth and chiktren mlnisty Equipment depreciation 9,857 11.150 7,817 7,572 4,926 2,696 1,835 704 415 1962 11,995 11,150 7,817 7,572 4,926 6,396 3,087 6,741 8,136 4,296 2,479 1,645 653 763 2,962 7C 415 2,962 34 B Support & AdmlnlJtratlDTr Accountlng Governan Debt Q)unsellor costs 650 650 650 Comblfted ¢h4rlt4ble Jrtfvity cost C Grants p•y•ble Total 2025 Total 2024 InstitutlDns Indrviduals Mlssionary supwrt, chufch plant & humanltarian aid 4,086 11,995 6,396 Donatiohg to instibjtions of more than £l,CKiO were: Grassrocts 4,300 2,792 The church SUPFX)rts mlsskJn8Jrles In the UK and rnatIOnallY. whe a particular msssionary has been suprt by the churth for a numbw of years, strit complIae with the (Jkllities, Ststewnent of Recommend Practice (SORP) may regard some 3angernents a5 a)tLsbtuting a)nstsuttive obllgatlons sh that future years, suppyt is account&1 for in the acu)urt5 as a liabilty. Whilst the supp)rt ha5 flnal end date In some cases, the church off15 ae$S msslonary fiJndiThJ on an annual I{S and are confide¥rt that the missionar1 would vlew their support as an c.er#1 obgknn by the church,
THE STABLE (8ARNEn NOTES TO THE ACCOUNTS FOR THE YEAR £NDED 31 MARCH 2025 4 Staff &Trust•os During the year charity h3d Tr) emlkned staff. Its activities are generally Carr out by vduftteers. No stoff ived 5alarRs at a rats of mre than £6D,CQO Fer annuFn. 5 fan8lble Flxed Asséts WNE FrhOld Buiklings Equipment & Frttings Totsl 2025 Ct or ValUatn At l April 2024 Additlons: Rwdluatlon At 31 March 2025 791,855 8,145 800,000 Accumulated Deweclati 8,145 58,474 1.462 At l Awll 2024 Charge for the year . to General Fund Charge for the year- to Revaluation Reserve At 31 Ma¥th 2025 50,329 1,462 Net book VBlue At 31 March 2024 At 31 March 2025 zgL The freehold thurch Ik11Th3 was transferred to held on charitsble trusis under a deed dated 30 June 1937. The valuatlon of £8,1 Indudiw fitbrrfjs bs held in the accounts, as of 31st March 2021, 55 a trustees, estimate of the open market value ba on a conver5abJn with the insurers over the rebuikl cost. DePr.atIon is charged to the deprecl*ion reseNe. 2025 2024 6 Debtor5 None 7 Cash at 8ank •nd in Nand 78,407 82,719 Bank operatiThJ accounts
THE ABLE IBARNEn NOTES TO THE ACCOUKts FOR THE YEAR ENDED 31 MARCM 2025 202$ 2024 8 CredEtors: Ilabllltle5 falllng due wlthln one year Accruals 6.50 £6.511 9 Funds The unrestrKted Bu51ding Maintenarte Fund Is a fund designated ty the to allow for futLsre endItUre on the bulldlng refuibishment. The Fithe and Precious Women funds are a150 amounts Set a51de to provlde tor funding in those Specif areas. The restritted funds represent amounts reoived for spedfk wfr¥)w and the MoveMts In the year are as follows: OpenirKJ balance 4t I April 2024 Closirtg balan at31 March 2025 Zncomlng reur Outgoing Transfers R•strlct•d Mission funds 1,078 I,D13 (2,138) 47 Unrnstrlct•d General lund 345,308 44,920 (35,127) {14,691) 340,410 unrestr.. desènJta camp Buildlng rna1ntenan fund Titre fijnd Precious Women ReValuatn Reserve 270 270 759 (Ll.150j (3,555) (2,702) (1,5} (54,034} 10,391 4,253 3,147 97 472,396 105 473,896 822,517 47,884 816,320 Combined funds 823,595 48,897 (56,172) 816,320 11
THE 5TAE4LE (BARNETI Detai5Ed St•t•mertof NnaDdal Attl¥ltle5With Comparatt¥e5 FOR THE YEAR ENDED 31 MABCM 2025 Total Funds 2025 Total Funds 2024 IJAtLled Fua5. General FU$. tsiry¥ted Fumts 2025 2024 2025 2024 2025 2024 INCOME AND ENOOWNIENTS FROM Donatn$ and legacles 323 L2m7 29.921 210 2,724 1,013 592 34,096 14AII 3D,5I3 10,448 IA66 Total IrKc4ne arKI 44,920 38,503 2,964 1,013 592 4897 40.961 EXPENDITURE ON Charltable tttllks 35,127 30,181 18,907 9,213 2,138 56,l72 41,20B Total expefjdlture 35,127 30,18L 18.907 9213 138 56,172 41,208 Netth¢Omellryd1fuY•} 9,793 8,322 (15,943) {7.3471 {1,1251 (1.2721 (7,275) 12971 Transfers ljrtween {14,691) L7,7121 14,644 Y,692 47 20 4198 6LO 11,299 345 ,078 7,275) 12971 Ile(oncIn•OTr al lynds: Total fuThJs thowht loThvard 345,308 34,69e 477,2Q) 476,864 1,078 2,330 823,59S 823,692 Totsl wrf•d Im¥v YO,410 Y5.306 475.910 477.2C8 IW78 816,320 823,595 MovM*nts ortr rew¥e5 and al wnls&4 gths losses art shown alxwe. Pag8 12