PALMERS GREE14 UNftED REFORMED CHURCH CHARirf Page 1 REPORT OF THE TRUSTEES For the year erKled 31 December 2022 The Trustees have pleasure in presentirrfJ their reFKrt aThJ ihe exarni fironcia statements for the year ended 31 Decembef 2022. Legal and Administrative Informa Tl Elders of the church together vrilh the minister Je deemed to be the Charity Trustees. The Elders are elected by the Church Memters a1 serve fLY a pericY of three years. They may then bè re-elected for a further per of three yeats, follovAng whth they will not be elKJible for re-electTr for one year. The Eldws and Ministerwho have served during the year atxl to the date of this repLYt a as follows.'_ Mr Rthard Him Mrs Margaret Jenkins Mrs Beatri Oyetey (from 20.11.22) Dr Paul Ashrtey (to 20.11.221 tk Jthn Strange Mr Brran Hosier (frcm 20. 11.22) Mrs Tina Ashrtey (to 20_11.22> Mrs Fr•n Hosier (to 20.11.22) Mrs Estdle Muller (trn 20.11.22) The church prwnises are srtualed on the ner of Gardens Fox Lane, Londcn N13 4AL. rhe church contaet is Dr John Straroe (sectary parn$9reenWC.org.Uk) Banke CAF Bank L¥nrte(1, 25 Ffjngs Hill Avenue. lfjngs Hill. Vlest Mab'ry, Kent, ME19 4JQ Objectlvey and Actfvities The objectNe this church is lo aJva)ce the Clwistsan religion in accordance with the d<trineS principles and usages of the Unrted Reformed Church. church is part of the Enfield East Hertfordshire LcKal Area GTOUP of the Thames North SynoU of United Reformed Church. The church is also a member of Churches Tcgether in Palmers Green, WnchmoTr Hill and Grange Park. Membership of the chwch ts cw to all C wofession of faf(h aThJ accepts by existing members. We aim to be a Church for all pg)pfe seek and strwe the Gc)d News of Jesus Christ. Structure, Governance and Management The cMrch has been in existen on this for over 110 ¥. although a Charity il was excepted from registration. It was fiist registw&Y as a charty on 16 Juty 2009 urKler number 1130583. The detaikd work of leadership organIsat is carried ¢Jrt try members of Core GrpS consisting of Elders and Oth MlberS. with the Minister and crCh Secretsry asscciated as approprrdle. Currentty there ts just one sh grtYJP.' Wcxship and StLKty". Convenor Mrs Estelle Mutler The Core Groups are supp(rted by a Finance Fabr Res0W Commrttee to deal wrth the finance and pr¢)Fety matters nes to swJp)rt the work ofthe churth. The officers ofthis committee are as follow5.' Mr TcY ObbEzekpazu Mr 8rk8n Hosier Chainnan stsryftreaSWer Overall leadership and pastoral OVerght are the respcnsibilty of Crent serving Elders of which there are 6. For pastoral pur[KTr. they wcrfk in t&ams norkserving Ekjers and otIr cfwrch members. Financial The accounts for the year are set (Krt on pages 4 10 7. The trustees have taken the opportunity to prepare these financial statements in &Cordae Trmth Charrties Act 2011 Section 144, using the Receipt$ and Payments t)asis avalabfe to small charrts, aThJ the United Refomed Church guidance.
REPORT OF THE TRUSTEES Icontlnued For the year eThJfjd 31 December 2022 Page 2 As we agan deuded to transfer the usual £30k to our Dgnated Funds yopety repairs and then re¢&ved a balance of insurarte claim of £6,574 V ended the year bmth a surplus on our Unrestricted Fund of £14,795 which wl)en added to Ihe balae brcKJght fcThard gwes us £74,530 to carry forward in this fund. The designated funds a detailed in note 2 to the statements. These furyls have increased during the year due to transfers from Unrestricted FuTrJs. At end of the year the total of our Designated Funds was £202,120. Of this total £63,478 is held in a cash fund to hdp wrth the cost of retAacing the sanctuary roof when lime comes. In a(klrtion have InVestnlS alILated to this fvnd and worth £103,003 al 31 Decernbw 2022. The reslri¢t&J fund ccmpnses mainty fvnds hekl cn behallof focd chwches WO V+ilh the h(Kneless giving night shefter wJprx)rted by All PeoeAl Pl¥es. Reserves amount lo approximately 8 mthilhs experKlTrte which is ¢Slered satisfactcry in view of all exceptional expenditure bang mel from tknignaled Flds. The ehurth emIoYed an aclministrator and a youth wortter towards the end of the year and these costs will be mel from unrestn.ctod Funds. Investment Policy In the past our funds were dl held in bar accounts. Howevw, when wewere advis&J that work on the htrleVel roots is nrrt likely lo te nxessary for * Seast 5 years, £50,000 was transferred lo COIF Investment Ethical Futxj in 2016 in the hork thal we loY a higher retum and at least kp pace th inflatKJn. At the year end this investmentwas wc¥th £103.003 having fallen in value duriryJ the year bLrt expected to recover beftre fvnds are needed for the cyigina purpose. Rlsk Managemenl durfng the year The trustees have idents.fied what t beIve to be the major risks thich the ¢hureh fac&s and are satisfied that ttrese have or will te adewatety mitKJ8ted where rEcessary. Volunteers As would be exFected 1th1n a church structure, most activthes of the church are ¢arried out by volunteers. apart ftom the SIiKEn¢ary Minister who is paid fr(¥n a central church Ministry and MissKJn ftjnd to which this church contnbutes. and our Organists vtho a w'd dire¢tty by the church. The work of the church is, theofore. srt)stanbaty dependent the voluntary meM1rS, but as mentioned above durir@ the year tm) empbyees have been rruled to a$st wth the work of the church. Public Benefit When planning aCtNitS for the year. the Elders have ccs•dered the Ccfftmission's guidance on public benefrt induding the specffic guida on charities for the advancement of religion. Everyone 15 welcome lo atte1 our reguLgr SeeS and otr thtses. Sc¥ne of our regular worshippers are residents in residential homes in area and where requested they are assisted to get lo the church activities indudirKJ worship. Towdlds the erKt of the year into 2023 the ¢hurch has $Fn(led to the need for a warm $e offered free of chge to th)se ui need arKI organis&Y by Enfielil Age UK SUppted by church Volunt$. Achievements and perfornmnce Worship remair6 cerrtrJ to the lrfe of Palmers Green URC, and we are grateful lo the ministers, lay preachers, and c¥Jr worship teans w* lead servKes. The Church is a member of CrCheS Together in Pamers Green, Winchrnore Hill and Grangg Park. mmitted to undertaking actiwtie5 together whwe 4)propriate. We have conlinueLI to svork with these otherchurches during theyear, meding reguLqrtywth rewesentatives, and participating in pulpit exchanges and moming prayers during the ek of Prayer Christian Urrity. We aso participated in Lt Groups. This relatjonship vAth ther churches is seen to an nTrpt means of I[reasIng our effective Servi in the communty. As Mentnerj atKive a new inrtiatsve in partnership EnfEld Age UK vrds Started to help provide a wam space those in need. This is supkx)rted by volunteers from the thurch membership.
REPORT OF TRUSTEES Icontinued) For the year eThJed 31 Decembw 2022 Achlevements and Perfomiance During 2017 the church agreed to do m¢Neto ilud&the I( (7mlty in rfe[10wSh1p, arhj adcpled Mission Ststement.. We are a group of drfferenl peoKle locing for. and finding, rength and meaning in God's love. You 11 alyrdys be wekomed gkqclly. We wcfship and pray together. We thrn ab¢xrt God's love arJ forgiveness through Jesus. the Bit4e th the help of each othw. Tcgelher we will work lo make JesLB presWrt by loving aclithis te, a1 by bvng spKen, in this church y(m)d these dcys Palmers Green URC is a member of the Enfiekj aTrJ East Herts L(xal tha GroLW. aknng with 9 other neighbrIng United Refomied Chuiches. The ChcheS in the grp t)rk logettrw on issues including ministry, missKJn, 8fKI diScie$lp. Page 3 The chwch maintains and revi8ws a Safeguarthry Pdw. and DBS checks are carried out all Ellers and Junior Church 4w)rkss. The church regularfy leaftèts the kxal area deta'1$ of Eastw w)d clSIma$ services and other events, 8 weekjy Saturday Ccrffee Mcffiirs is rggLlaty atterKled ty members of the local ¢ommunty. During 2019 we startod lo lo( at the ewronmental Irnpt of our activities. Vartoug changes tra made so that we now operate in a'gre8W way. and the church qualified for a Brze ard from Eco Chuich. In 2019 also twme a member of Inclusve Cr¢h netY>rk, whth "cdebrales and affirms evèry Fttson and does rM)t discnminate". We collected to SUPFQrt V¥10 charit. The ¢Mrch has c¢tinU*j to 8UPPOrt work in Tabora, Tanzania, thrgh one of cwr chLrch membtrrs wtho returned frcffi working there dunng 2008. We conllnue lo cdlect food and cash dcfiatK>M for North Enfiekl Food Bart(. We did again offer to host a night shelter whkh would have teen supported ty AI Pr4e, All Places. wth different l(tal churches hoslirrfJ one night each 80 that the week wag covered. Unfortunately due lo chang98 in requIrentS this was not tsken up. Our church membership atthe gnd of2022 was 62. Thwe ¥8 10 pw)plo In the conwegation attendwig sgtviees regularty on Sunday momings who had rhx yet cunmitted to MeMb8h1p. the numbgrof children attending on mornings remains lthv, we have fburishing uniformed orgl$allOn8. Parade services each warterare atrways well attended ty these youry people. RelalDns wth the lèaders are good and there 15 a hwh level of p&tupation in Parade SeNice prèparation Al the end of 2021 we tegan Cs)nsidering the app)infmenl ofa paKJ Junior Church worker lo a8si$I in ¢3Uf work th chikyren and an aFvoinlment was made in December 2022. Our magazine is now proJLthd bi mMthty recefved particxjlèrly by those can no longer join us on a Sunday. Oui minister did Mt fintjty leave us March 2022 Which delay&J the v&ancy being declared. Rèv John Danso was aFpe4nled interim moderator arKI V•P ¥e grateful for his help and advice. Approved by the Eldern and slgned on thelr bèhalf by: Dr John Strange Trustse 22 March 2023
PALMER8 GREEN UNED REFORMED CHiJRCH CHARrrY FINANCIAL STATEMENTS pE0D ENDED 31 DECEMBER 2022 RECEIPTS AND PAYMENTS ACCOUNT Page 4 Th Year UrYerrt•J Dwnated Rethced 3) Funds £ Funrts£ FurK15 £ Totsl £ Last Year 2021 Total £ RECEIPTS Offerings Fund rais9 and dati[TS Monies raised fcf (rtSide Gauses Night Shelter GrftAid tsx repaYrnts Otr cMrcFEs paLKe exper ProWy- manse ttl Property. cmrchfftwll LWS Grants FIT Re1$ SurAry Bank terest & investrnent 1me Total r5 28.537 28.537 32.397 5.775 215 1.467 8,593 170 7.537 7,537 53.479 27.6 43.667 53.479 1.761 6.574 1.761 6.514 28.39) 31 125.826 131.878 PAYMENTS 1,441 Ministry & FurKJ Ministry & worship experses Youth ministry Church runrllng costs Manse running costs Pro9ramme acilY costs Support of cause5 Nigm Sher Other chur¢hes Worate exw Maintenance (5t Church bU11n9$ Mairrtenance of manse 43278 8.151 413 53.f24 1.154 43.278 8.151 53.324 1.154 1.162 4.273 49,683 1.031 636 4,982 738 1.145 61.589 2,(X)5 Total pawneTrts NEf RECEIPTS I (PAYMENTS 107.4&2 114. 184,393 18.344 -2,150 1.321 17,515 -28.952 TRANSFERS betrfftn funds SURPLUSIDEFICIT Hfter tronsfers CASH FUNDS ld 1 January CASH FUNDS 31 Dec -3.549 3.549 59,735 ZK).721 4.110 3,518 74.5X) I.120 5.431 282.081 STATEMENT OF ASSETS AND UABIUTIES Monetaryass¢t5 Bank current acwnts DerN)Srt accounts Total monetaryassets 2647 71883 5.431 8.078 274.CQ3 2W2.120 202,120 261.577 264. 10 74.530 5,431 282.081 other as$et5 GiftAid recoverat4e other monies due lo church Investments at MV £103.003 al 31.12.22 Assets used lor chur¢h purposes Buildiws under statutuy t[t$ Church contents 1.928 2,154 103.(X)3 114,070 Uablljtks ott ¢reditors APPROVED by the Trustees ¢)n 22 Marth 2023 and sJ9ned on IhelF behall by John Strarye lrnamèl Isb3n*JJrel
PALMERS GREEN UNITED REFORMED CHURCH CHASUfY FINANCIAL STATEMENTS PERIOD ENDED 31 DECEMBER 2022 Pa90 5 7 ACCCYJNTING POLlaES The fan¥1 sktements have been k¥epaed In Chae5 1993 )41)1. th8 Rapt5 and Payments ba$avaiqt4e rAyik5. Ur1 ReTh Chwth gui 2 FUND AccoupmNG Unre5trlcted Funds may be tylb8 church lor•ny of Its onllnary wjrpts Doslgiiated Funds repre50nt unrostricted funts 9et85ide thg ¢hwch ft¥slt dtsvJn•iEd purpw.. t can be Iranstetred téck Into fuFkls¥t the rthurL's ¢ty5ifrt 10 ihe baafftcffj ro18rFlnThJ in¥8strTWtswikn a valueof£103.ThJ3 sothi$ lurKJ ofÉ166 461at 31 t2022. Fund name & PLYWSe.' Fabric Reserve Fj RODI Repair Fund I6 atthl 8enevolert Fwd Ttansfws d£ Balance mytd£ 1.(3 inytd£ PA).381 62.676 81,384 63.458 3.0 712 Olhercurche$ in pastotate Speu31 Purp)5es Organ 712 493 46.130 $76 44,701 8,814 202.120 Totals for dwgnatsd 1.049 ),721 5,233 3.549 Restri¢tsd Funds psert irtcffl•lMch m¥y be exppndÈd ¢Jnty rpstrt¢W ot¢ts provided kn tt only be wton the ere given. Any rwnarMfwJ Un¥ be abstthd inio g2ra1 funds Fund rme & tX4fFK Sunthy Synod Grant OtrÉrts1d L3USeS lind GtTtAJdl All Pec¥)le All NigShdlW Tolab for r8$tri ld£ In0[ 375 1.273 625 541 4.265 5.431 15 1.799 170 This Year Last Year 221 £ 3 MONIES RAISED FOR oufsiDE CAUSES lincludiny GiftAidl Christi¥n Nid Unseen Tanz8nia FXIS É FurvJs£ 1>) 67 67 632 970 215 970 Totaf8 wai%ed Ioroulsldo causes 4 PROPERTYINCOME Regular users conc•ts Ctssu31 use Oonaiions 1.799 215 50.050 3,104 325 3 104 325 42.172 1.495 Yotsi Propofty I1 5 CHURCH RUNNING COSTS Gasand dwrjty InsU[ae atsr rates Ggrdening Telephone S wstage Stationery and phot(xw" M¥wne Mainlenarte oleoJprnt Equipment cleanin¢8181airwj Admin Cantant Sundry 53.479 53.479 43.667 8.015 6.727 8.015 9.688 S.358 634 652 495 1,7 2.464 4,349 61.589 19,411 1.275 1.275 1.763 4.627 l(K>S 22,$89 1,284 1.284 rotsl church Nnnlng ¢Lts 53.324 55,329 111,272
PALMERS GREEN UNITED REFORMED CHURCH CHARrrY FINANCIAL STATEMENTS PERIOD ENDED 31 DECEMBER 2022 NOTES - contsnugd Page 6 iJnrestrK#ed Dwnaw Restnced FuTrJs £ Funds £ Funds £ Thig Year 2022 Totsl £ Last Y8ar 2021 £ 6 PROGRAMME ACTwifY COSTS Church ath'vits Outreach- OEBT CENTRE Other 672 672 838 Total programme actfjvlty co8t¥ 7 SUPPORT OF OUTSIDE CAUSES 1.162 1,762 636 Othèr 1.273 Totsl support of outsld• cau•08 8 h7AINTENANCE OF CHURCH BUILDINGS Other property repaiF5 Purchasè of equipment Total malntsnaneè of church bulldln•• 9 MAINTENANCE OF MANSE 4.273 4,273 4,982 1,273 2.005 2,005 61,589 61,589 Exterior repairs Man39 Improvem•nts Total malntenanc? of man•• 10 MONETARY ASSETS Tha church mon$ ore not hgkj in attwnts, but lor the s• ol th finaTh>g1 stat•m?nt tho to ofeach account is allctsted apprcw"atgfy ovw the variwry furhjs. 11 ASSETS USED FOR CHURCH PURPOSES Th8 church building and the mansé are Vastsd in URC Thames North Trust as twsteas ond afè not church assets. They 8Te hekl for the tenefit of Palmèrs Groan Churth in accordan wrth the ststut¢ry trusts applicablè lo URC propleS undèr the URC Acts in8urant> purposes thè thurd) buik1ings are Insured by the church lor £10,845,1)00 and Ihe M8( for £821,3BO thurth cijnt¢nts a(• Iured by the church lor £97.815 and the Organ lor£1.151,987.
PALMERS GREEN UNITED REFORMED CHURCH CHARITY Page 7 FINANCIAL STATEMENTS YEAR ENDED 31 OECEMBER 2022 TREASURER'S STATEMENT I have prepared the financial statements on pages 4 to 6 for the yeai accounhng records of the ¢hurch_ Brian Hosier 31 December 2 from the Inamel Isignaturel Idatel INDEPENDENT EXAMINER'S REPORT I report to the Charity trustees on my èxamination of the accounts of the charity the year ended 31 December which are set out on pages 4 to 6 Responslbilities ar basis of report As the charity's trustees you are responsible for thè prepar*ion of the accounts in accordance wtth the requirements of the Charities Act 2011 (Yhe Acri I report in respect of my examination of the charity's accounts caTned out under section 145 of thè Act and in carrying out my examination I have followed all the applicable DIrtionS given by the Charity Commission under section 14515llbl of the ACL 1ndeTrdent examinerfs ststement I have completed my examination. I confirm that no material matters havé ¢ome to my attention in connection wpth the examination gNing me cause to believe that in any matwial respect.. 1. accounting records were not kept in peCt of thè chanty as requiral by section 130 of the Act.. or 2. the accounts do not aord th those records. Signed by the Independènt Examiner. Jean Margaret Wyber 7 Mornington Close Woodlord Green Ess8x IG8 orr