PALMERS GREEN UNITED REFORMED CHURCH CHARrrf Paje 1 REPORT OF THE TRUSTEES F the yew ended 31 December 2021 T1 Trustees have eaSUre in wesentirKJ the reFyt arJ the exanrrined financial ststemenls for the year ended 31 DecemLr 2021. Legal and Adminlstrallve Infomiation The Elders of the church together Vth the minister deemed to te Charity Trustees. The FIdS are elected by the Church Members aThJ serve f( a pericMI of three years. They may then be re-elected for a fwther pericl of three years, follwng whKh trw will not be eligiNe for re¢tiOn for one year. T1 Elders and Minister who have Se duriig the year atvj to date of this report a 85 foll¢)WS'.- Mr Rtchard Hill Mrs Margaret Jenk"tns Mr Brian Hosier tto 14.11.211 Mr Martin van Staveren (to 14.11.21) Mrs Tina Ashrtey Dr Paul Ashrtey Mrs Fthn Hosier Dr Jthn Strange Mr Dek Wilcox (to 14.11.211 Rev Melanie Smslhlto 31.03.22) The church premises a srtuat8J on the comer of BUrfcd Gardens and Fox Lane, Lond N13 4AL. chLffch retary10 14 November2021 was Mr Martin van Stavwen and from that datethe contad person is Dr Jthn Strange Isecretary@palmersgreewrc.org.uk) Bankers CAF Bank Limrted, 25 lQThJs Hill Avenue, lQngs Hill. West Mallir¥J, Kent, ME19 4Ja Objectives and A¢tivitlgs The cd)jecb've LY this churth 15 to advance the Chrtstian religion in accordance wfih the dtxtrines, principles and usages of the ured Reformed Church. The church is part of the Enfield and East HertIdShIre L(tal Area Group ofthe Thne$ North Synod of the United Refcmied Church. The church is also a member of Churches TL¥3ether in Pamers Green. whme Hill and Grange Park. Membership of the church is ow to all wofessKJn of faith arKI ¥ceptance tty estIng members. We &m to be a Church for all p)P vhKJ seek share the Gcod News of Jesus Christ. Structure. Governance and Management The church has been in existen on this gte for over 100 yews. athcugh a crity it was excepted trom registratic. It was first registwed as a chty on 16 Juty 2009 urKler number 1130583. The detailed work of leadership and organisation is carned (yjl by memtrs of Crxe Groups consisting of Elders other memLErs. tti the Minister arf Chh Secretary assctialed as apprcpriate. Currer>tty there just one such grp.. Worship aThJ St.. Convenor Mrs Fr•n Hosier The Core Groups are supwted ty a Finance d Fabnc Resour$ committ to al with thefinance and property rnatt rEce$sary to swport the work of the thurch. The officers ofthis committee are as follows". Mr Tony obEZekFo1u Mr Brian Ho&er Chairman SthtsrylkbThJ treaswer Overall leadership and pastoral oversight are the respymsibilty of IIE cwrent serving Elders of which there are 6. Fu pastixal purtx)ses, they work in te5 non-serving Elders and other church members. Financial accounts for the year we set cmrt on pS 4 to 7. The twstees Ve taken the opptytunty to prepare these financk71 ststements in cOrdanCe CharptEs Act 2011 Section 144, using the Receitrts and Payments basis avble lo sm1 tharit. arKI the Unrted Refomied Church guid8nce.
REPORT OF THE TRUSTEES IContlnued} For the year 31 December 2021 Page 2 As we deeided not lo transfer the usual £30k to our Designated F}d$ for kyopty repai aThY then recaved an irk8urance r&eipt of £28k we ded the year with a surplus on our Unrestricted Fund of £33.239 vknich en adde(I to the balance brought fard gives us £59.735 to carry fomard in this fund The des¥JnwJ fijnds are detail1 in note 2 to the statements. Tse funds have reduced durtrig the year due to payments to replace the boilws in halls complex. Al thg end of the year the total of o Oesignaled Funds was £2111,721. Of this total £62,676 is held in a ¢a5h fvnd lo help wlh the cost of replacing the sanctuary r(tJf the b.me comes. In a(kJitKsn v have Investments allocated lo this fund and worth £114,070 at 31 December 2021. The restricted fund comprises mainty knds held bthaif of beal chwches ftrwork with the h¢yneles$ giving nwjtrt Shetter supFortèd ty All PeoF4e Al Plxes. Reserves amount to approximatety 6 morths e>perKlitwe w1ch is conshaer6J Sisfactory in vw of all exceptional expenditure beirvj met frc¥n Designat&1 Funds. It is kn¢YM) that more costs are likdy lo be ineurred in the coming years to Su¢ the orqoing We of the churth. Invostmgnt Pollcy In the past our funds were all 1 in bank (nts. Hover, wfien we were advised that work on the high-level roots Is not likety to be eSsary for at le85t 5 years. £50.000 was transferred to COIF Invoslment Ethical Fund In 2018 in the hope that V+P can enjoy a higher relum and at least keep pace with inflalion. At the year eThl thrd invesb7Wrt was wuth £114,070 arKI rt 1$ still consdered this work 15 not yet required. Rlsk Managefflt during the year The Irusle¢s have identified what they bdieve to b8 the major risks the church faces aThJ are satisfied Ihal t$8 have been thuat¢ty mrt01ed nesSary. Voluntser8 As would be expecte(I wthin a chwch strlUr9. all activtties ofthè church are carrfed out by volunteers apart from the Slipendiary Minister %tho ss from a central ¢hurch Ministry and MissK)n fuTra lo which this church contributes, and our Organists vkno are paid directty by the church. The wot of the church Is, Iherelore. Substantrally dependent UFon the voluntwy members, bul il woukt not be appropnate lo consider thè Val of their tlrr. Publlc Bengfft When planning tyjr actNrtte$ for the year. Elders have ¢(Slered th8 CrmmissKJn's guidance on public benefit including the SFecffic guidancè on charit fry the advancement of religion. Everyo is wekome to attend our regular $eNces and other xtiwtigs. Some of our regular worshippers are residlS in residentral homes in the area an¢J where requested they are assisted lo get to the church aclivrttèg inclu(knng worship. Achl•vomenls and perfomianc• Worship remair6 central lo the lrfe of P*mers Green URC, and w• gratofvl to t ministers, loy preachers, and cr ¢)vm worship teams lead services. The ChLffth Is a memter of Clrc T&athr in Paknws Green. Winthmore HNI and Grange Park, commrtted to undertaking actiwlies together where pc6sible and appropriate. We have continued lo work wth these other churchesdurirwJ the ye¥. meeting reguLgrfy vhth represenlalives, and participating in PL4pil exchanges and moming prayers dLtring the Week of Praytr for Christian Unity. We also ticipaled in Lent Groups. This rela11cs"p with other cMTches is seen to be an imwtant means of Increasi our effective service in communty. Coronwiws The church has foll¢xved all 9)vwnment arKI any additi)nal deneffiinalional rp£ommendations. Tlis has resulted in the buklings being Closed for mosl of the year lo all but a few permitted users. This in Iwn has le¢ to a redtic in tyjr irKome from users of£6CI(. This has been mrtigaled lo some extent by reduced costs and a currenlty making a claim on ow insurers fLY this lost income. However the work and WshIp of the church continued in otherways arnl we e not expecting any detrimental effe¢l on our ongoing missM)n.
REPORT OF TRUSTEES Icontlnued) For the year eTrJed 31 December 2021 Achievgments and Perfonvmnce DuriThJ 2017 the chureh aw lo do m8 to indude the I1 community in ourldlovrtship, and adopted a new Mission Sialement-. We are a grcmjp of dtffet peoKAe hing for. and finding, strength and meanino in Gcrfs k)ve. You will alwdys wetcom&J gL2dly. We worship and pray topthef. We learn aboLrt God's love fOrgNeSS through Jesus, the Ble and wrth the help ofe&h othw. Together we ¥11 work to make Jesus wesenl by loving acli¢xs d, and by k)ving %rS SF¥)ken. in this church and Wcrf)d these d(L)rs Palnrs Green URC is a member of the Erfvkl East Herts Local Area Group, along wlh 9 other neighbwring Unrted Reformed Chur¢t. The churches in the gr(yJp work together on issues IrlUdIng ministry, mission. arvj discipleship. Page 3 The church maintaln$ revws a Safeguarding Pdicy. and DBS ctth ar• caled out forall Ekjers ar¥J Jurior chUh workers. church regul8rty leafiets the fo¢al area detwls of Easter and Christmas services and olhor events, and a weeY Saturday Ccrffee Muniryj is regLdarty attendgd ty members of the local communty. During 2019 we started to look at the eftronMenta impact of our ¥livilies. Various changgs were made $0 that we rW operate in a'greenef way. and the chureh qUalifd for a Bronze award from Eco Church. In 2019 also tcame a member of Inclusive Church nethrk, whh "celebrates and affirms every pwson and does Th)1 di8crimine°. We coJl8¢ted lo supwrt varic$ charities. church has conlinuèJ lo support work in Tal)ora, Tanzania, thrgh one of (r church members rebJrd from workin9 therè during 2008. We continue lo cdled fwd and cash dtatiC1)S for North Enfidd Food Bank. During the wnler of 2020121 we hosted a Night Shetter one nigm a week fcf Ioc81 homeless peo0. This was Coknordinaled by All Peoe, All Places, with drferenl ltral chwches htsiing one night each 80 that the whJle week was covered. Our church memb6rship atthe of2021 vrds 84. Thwe we 10 pwle in the cow8gatJon attending servicts regularty on Sunday momings w1 had nc4 yd ccmmitted to full membership. While the numberofehildren attending on Sunday momiros M01n8 lo•V, V•e have fkurislirKJ unrfomed org8nisalions. Parade services each quarteraavay5 well atteThled by these YIn9 people. Relation$ wilh the leaders a good there Is a high level of tlpatiOn in Parade Service preparation. Al the end of 2021 we tegan consKlering Ihe aPFointment ol a poid Jur4c Church worker10 assist In our work th children. The Covh19 lockdown wneani ihèt %181p and other activitts in our buihdirys again ceased just befo Christmas 2020. We were able to reopen from 2021. Vvhilsl we could not FK)Id )rS11"p services in our bJildir¥Js, online NKJrsPip serytegs (r Lo1 Area Group of URCS were led by JJr Ministw and crther prexhers each Sunday using Zoom software. and these were well attende(J by ojr members. Th)se ¥¥ho pfr&I ncrf lo join online worship were sent weekly worship services by post, alorrfJ wlh bulletin and magaLne. Other regular church activities and meetings also took a¢e online unb"I we re able lo re-OFen premises. Our monthly magazine continues lo be an ffnportant means of coMmunlI0n to memtw and local community, a new edrtor w8s apP'rrteO to Clmty'nue this vh)rk at t1 of 2021. During this year, our ministw, Revd. Mle Smith infomied us that haj accepted an appointment to the staff of the Pacrfic ToI(j1Cal Cde in Fiji. Her final service was held al the end of October afthough remains in pastcfal charge pending herdepgrture lo Fiji. whth has been ¢*layed by Cov 19 restrictKJns The church has alrea tegun the prCe$S of seeking a new Minister,. a va¢Y Committee has teen sel up, and an Interim Moderator appointed. Approved by th8 Elders and slgned on their bghall by: Dr John Strange Trustse April 2022
PALMERS GREEFI UPIITED REF0ED CHURCH CHARITY FINANCIAL STATEMENTS PERIOD EIIDED 31 DECEIIBER RECEIPTS AND PAYIIENTS ACCOUNT Page 4 Thy 2021 Tcrtai £ Last Year 2020 £ RECEIPTS "'¢)Ifenry$ Fund rgislry and donations Monies raised for ¢xrtside eaLW5 Night Sheker Glft taxrepayments Olh8r churthes pastorate expem Property- rnansg trj Property- churchlhall urs Giants FIT Recdpts sUry Bank inioresi & 1nveBtr7rt Inc(The Totsi r•¢•lpts Note Fu£ FuTrJs £ F8 £ 32.397 5.775 32.397 s,n5 215. 1.467 8.593 6S) 27.6(h) 43.667 4.8 3B,55D 1.975 2,170 215 1.467 650 27.600 43,667 4.89) 1.563 23,OC 36.1 28.(O) 2.1 140 725 28,350 31 31 152.728 PAYMeNTS hnini81ry & Missbn Furxt MirN81ry & worshlp 6yna•$ Church runnlng costi M#ns8 Funning costs Programme acllvty ¢0114 Support of outsid& c8useB Night Stsllèr Other church88 p•8lorate Malnionance of chwth bJUdlr Miinl8rtanc8 of rnan88 fotsi pAym•n NET RECEIPTS I IPAYMENTSI 2.032 155.441 114086 $5.380 9.2(4 49.683 1.031 9.209 49.683,. 49,878 42.467 4250 4.982 738 2.907 1.145 61.589 1.519 10.616 18,830 61.589 115.939 1.470 184.393 134,092 36.789 6.303 -28.952 -20.007 TRANSFERS b•ts¥••n 8URPLiISIDEFI¢IT •ft•r ti•n•fgrn ASH FUNDS blfvvd 1 Janu•ry ¢ASH FVMDS elft¥d 31 0¢ 4.550 26.4 263,474 3.548 292.518 313.525 STATEMENT OF A8SETS AIID LIABIUTIES Mon•try ••••t• Bank ¢urr8ni 8ccounls epo8I18cGoun Totsl mofigtsry ••Hts 56.746 )0.721 2,989 281.577 4.110 78.973 274,545 10 Othr •ts••t• Gift Aid recoverobl8 'QOlher mon$ lo thur¢h Inv88im9nls al MV £114.070 8191.12.21 uB8d 14x chh purpDM8 BuildlNJs under Sialut trus$ Church coni8n 2.154 2.154 114.070 114,070 97.6 Llabllltl8• Olh8rfftdll(¥ APPROVED by fmit••S on 28 April 2022 and #lwd on thr bphall by Dr J Strange Inamel IspJn•lurei
PALMERS GREEN UNrrED REFORMED CHURCH CHARITY FINANCIAL STATEMEp¥fs PERIOD ENDED 31 DECEAIBER 2021 NOTES Page 5 1 ACCOUNTING POLICIES The financial statements ha% tthn wep8rJ in acccrfdance Tmth the Chamies Act 1993 Sethn 42131. using the R8c8ipls and P8yments basis zAabte to smatl charl. and th8 Unw Reformed Churth gvbfjanca. 2 FUND ACCOUNTING Unre$trlctgd Funds moy bo umd tsy th• ¢hurth for any of It8 ydn•ry Pur)$¢5. D•sign•tott Funds r•pr8••nt unrestricted fijnds a•lde by thfr church for speclfic ¢knignal wrposes., thay can be traTrsleFred bad( into general fuTrls 8t the curch'$ deCiTr. In to the balance on the mof repair FuThJ w8 hc4d Inv8$lmenl$ a value ¢f £1 14.070 th lund has a true valu8 of £176.929 •t 31 Dx8mtrr 2021. Fund name & puw". BaLqn¢e R¢cepts P8ynnt8 in£ Fabric Re58r¥e Fund Roof Repair Fund Ise? note •bml Bvnev&enl FuTrJ Outreachloutings Other church•8 in past¢Y•t• Special Purposes Organ O¥ethaul 46.1XJ rotah for d8•lwat•d fund• 6.715 263.474 1,050 68.984 3,550 RmtTl¢t Fund• r•prnvnt Inc¢)rnO Whlch m•y b• exp•nd only on thM• tI•d obJ•cts provld•d In tho term$ of a trust or beq$1. or donatK)ns orgraTrts receN•d or In¥W for a specthc puwso. fund$ Gan only be $p•nl on the 8pecth¢ pu0$8 forkvhkh Ihey knr• gin. Any b•Lqn¢e remainiw unsptsnt mu$t ba caffied ftsmard a$ a balance on that fvnd fw luturn •yfidrture on Ihat 8p•cffic w0$0. or tIMed.. rt c•nnot b? absothd Into gen¢rai funds. Fvnd n•rn• & puw". Transfers ford£ Balan¢e t41.939 62.676 31 61.589 80,381 62,876 3,550 712 493 46,13D 7.765 2CM),721 4.25) 2,50D 712 650 1.14$ BaLgrK• Payments Inftd£ 8818rK• Sundry Commitment for Lrfg Ilnd Grfl AbJl Othgr oulsKYe cause$ lind Gfft Akyl All Peop All Places Nffjht Sholter Y¢>tal• for restrlctod fun inytd£ 31 151 31 351 738 1,470 215 1.467 2.032 4.095 4.110 Unroslncted Funds £ Thi$ Year 2021 Tot81 £ DesvJnathd Restried FuThJs £ FurpJ8 £ L8St Yagr 202¢ £ 3 MONIES RAISED FOR OUTSIDE CAUSES Ilncludlng Gift Aldl Chris118n Akj Unseen roilel T%nDIng Other 215 313 1,788 28 215 Ttstals rn18e¢ for oul8ld• ¢•u 4 PROPERTY INCOME Regular user$ and conc•rts Casual usèrs Don811on$ 215 215 2.170 42,172 1.495 42.172 1,495 33.391 1,612 1.097 Totsl prwrty Inc(Mn• 6 CHURCH RUNNING COSTS Ga$ and ek¢tnuty In5uran¢e Waier rates G8rdening Telephone & PO*age Staliomery and phOto¢opywj Magazine Maintenance of equipment Equipment 43.667 43,687 ,100 6.358 9,688 8,358 2.098 652 495 1.007 2.464 4,349 61,589 8,452 442 1.167 785 2,136 2,259 5.860 10,616 1.W7 81.589
cleaninglretakIn9 Admin Consuttant Sundry 19.411 19.411 11,692 2.095 1.570 1,117 Total church running ¢rAts 49.683 61.589 111,272 53,OB3 PALMERS GREEN UNITEO REFORMED CHURCH CHARITY FINANCIAL STATEMENTS PERIOD ENDED 31 DECEMBER 2021 NOTES - continld Page 6 UneStrted Funds £ This Year 2021 Total £ Designed Funds £ Restrtcted Funds £ Last Year 2020 £ 6 PROGRAMME ACTIVITY COSTS Church actNities Outreach- DEBT CENTRE Other Total programme aclivlty costs 7 SUPPORT OF OUTSIDE CAUSES 636 Other Total Support of outslde eause8 8 MAINTENANCE OF CHURCH BUILDINGS Orher propety repairs Purchase of equipment Total maintenance ol ¢hureh bLFildingS 9 MAINTENANCE OF MANSE 732 4,982 2,7 4.250 732 4.982 10,616 61.589 61,589 81.589 61,589 10, 16 Exterior repairs Manse improvÈrnents Totsl maintenance of manse 10 MONETARY ASSETS The church mons 3re not held in WTegated attwnt$. bLrt for the sakè of Ihis finanual statement total of each account allocated approKKiatety over the VarS furhas. 11 ASSETS USED FOR CHURCH PURPOSES The church building arjd the manse are vested in URC Thames Norlh Synod Trust as trustees and are not church assets. They are held for the benefit of PaIrne Green Church h) accordance the statutory twsts applicable to URC prtsperties under the URC Ads. For insurance purwjses the church buildings are insured by the church for £10,337,322 and the manse for £707.643. The church contents are insured by the thurch for £83,005, ancl the Organ for £979,580. 18,830
PALMERS GREEN UNITED REFORMED CHURCH CHARITY FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 Page 7 TREASURER'S STATEMENT I have prepared the T4nathaI statements M pa 4 to 6 for the y accounting records of the chttrch. Brian H05ier ded 31 DecembeT 2021 from the (name) (snatUre) Idat81 INDEPENDENT EXAMINER'S REPORT I report to the thatty trustees on my examination of the ac(nts of the charty for the year ended 31 Oecember 2027 whith are set out on pages 4 to 6 Responslbilities and basis of POrt As the charity's trustees you a responsible for paTlOn of the acaxjunts in &COrdan with the requirements of the Charitres A(# 2011 Cthe Attl. I rep(>rt in respect of my examir7ation of the (*arrVs accounts carried out undw section 145 of the Act and in canyng out my examination I have foll(ywed 311 the applicable Dire¢tions given by the Charity Commission under section 145{51{bl of the Act. Independent examinaffs ststsment I have Mpleted my examinafr"on. I that no materral malt•s have Ix)me to my attentioT7 in connedion with the eXaMinatn giving mè (xuse to believe that in any matla1 p$ct.. 1. actounting rgo)rds were not kept in respect of the dwrity as requyed by sthn ofthe Act or 2. the a(Kounts do not aco)rd wth those reo)rd3. Signèd by the Indèpendent Ey2miner. Jè2n Margaret Wyber 7 Momington C105e Woodford Gr6en Essex IG8 OTT