The
United
Reformed
Church
POThERS BAR UNITED REFORMED CHURCH
FINANCIAL STATEMENTS
TO
31 DECEMBER 2020
CONTENTS
Page |
| Receipts & Payments Account
Notes to the financial statements
Treasurer's statement
Inderendent examiner's repjrt
||**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|||||Page 1|Page 1|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
||**FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020**|||||||||||
|||||||||||||
||**RECEIPTS AND PAYMENTS ACCOUNT**|||||||||||
|||||||||This Year
2020
Total £||Last Year
2019
Total £||
|||Unrestricted
Funds £||Designated
Funds £||Restricted
Funds £||||||
||Note|||||||||||
||**RECEIPTS**|||||||||||
|||||||||||||
||Collections Cash
Committed Giving Scheme
Moniesraisedforoutside causes
3
GiftAid tax repayments
4
Other FundRaisingforChurch
5
Legacies
Propertyincome
6
Grants
5a
Interestfrom DepositAccounts
Potters Bar URC Nursery School|435
7,436
0
1,894
~~0~~
0
34,390
56||0
0
0
0
0
10,000
0
37
139,00~~8~~||0
15,068
2,042
5,358
1,698
0
0
15,893
13||435
22,505
2,042
7,252
1,698
10,000
34,390
15,893
106
139,008||1,673
23,092
2,276
7,232
6,593
0
64,167
0
418
139,568||
|||||||||||||
||**Total receipts**|44,211||149,045||40,072||233,329||245,019||
|||||||||||||
||**PAYMENTS**|||||||||||
|||||||||||||
||Ministry &Mission Fund
7
MinisterialCosts
8
Other Ministry/Worship costs
9
Church running costs
10
Programme activity costs
11
Support ofoutside causes
12
Maintenance ofchurchbuildings
13
Maintenance of Manse &Bungalow
14
Potters Bar URC Nursery School|-8,000
0
-8,663
-26,382
-637
0
0
0||0
0
0
-16,244
0
0
-2,771
0
-103,071||0
0
-145
-17,241
-974
-4,223
-18,929
0||-8,000
0
-8,808
-59,867
-1,610
-4,223
-21,700
0
-103,071||-8,000
-1,364
-8,579
-64,601
-2,041
-1,496
-90,146
0
-134,873||
|||||||||||||
||**Total payments**|-43,682||-122,086||-41,512||-207,280||-311,100||
|||||||||||||
||**NET RECEIPTS / (PAYMENTS)**|529||26,959||-1,439||26,049||-66,081||
|||||||||||||
||**TRANSFERS between funds**
2|-529||19,544||0||19,015||0||
|||||||||||||
||**CHANGE IN INVESTMENT VALUE**
2|0||5,584||646||6,230||6,924||
|||||||||||||
||**TOTAL FUNDS b/fwd**1 January|0||69,000||7,673||76,673||85,655||
|||||||||||||
||**TOTAL FUNDS c/fwd**31 December|0||102,072||6,880||108,952||76,673||
|||||||||||||
||**STATEMENT OF ASSETS AND LIABILITIES**|||||||||||
|||||||||||||
||**Monetary assets**|||||||||||
||Cash
Bankcurrent accounts
Bank deposit account(Reserve)
CCLA Investments
16|0
0
0
0||0
26,802
38,669
36,602||0
1,806
2,606
2,467||0
28,60~~8~~
41,275
39,06~~9~~||0
11,686
12,148
52,839||
|||||||||||52,839||
|||||||||||||
||**Total monetary assets**
2|0||102,072||6,880||108,952||76,673||
|||||||||||||
||**Other assets**|||||||||||
||Non-Cash Investments
2&16
GiftAidrecoverable
Other monies due to church
Nursery Accruals & Pre-payments|0
0
0||209,953
0
0
12,36~~1~~||6,042
0
0||215,994
0
0
12,361||202,956
0
0
3,493||
|||||||||||||
||**Assets used for church purposes**|||||||||||
||Buildings
16
Churchcontents
16|Churchbuildings andmans||||e||||||
|||Furnishings||and equipment||||||||
|||||||||||||
|||||||||||||
||**Liabilities**|||||||||||
||Loans outstanding
Significant creditors (uncashed cheques)
Outstanding Invoices and Donations|0
-1,055
-2,223||0
0||0
0||0
-1,055
-2,223||0
-1,510
-2,117||
|||||||||||||
||**APPROVEDby the Church Meeting** (AGM)held onthe|||||2021||and signed on||its behalf||
||by David Ramsay (Church Secretary)|||||||(signature)||||
|||||||||||||
||_The notes on pages 2 to 5 form part of this financial statement_|||||||||||
**POTTERS BAR UNITED REFORMED CHURCH CHARITY**
Page 2
## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020**
## **NOTES**
- **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with the Charities Act 2011 Section 132, using the Receipts and Payments basis available to small charities, and the United Reformed Church guidance.
- **2 FUND ACCOUNTING**
The church monies are not held in segregated accounts, but for financial statement up to 2019 the total of each account
was allocated over the appropriate funds. Interest from deposit accounts was allocated to funds on the basis of the mean of start- and end-year fund values. Increases or decreases in the value of investment accounts were attributed to the funds based on end-year fund values (after interest and fund transfers) From 2020, we have been advised to separate "cash" and "non-cash" investments and show the lattter in the Other Assets section of the R&P Summary. This has required a reallocation of funds.
We have assumed that the Charitable Donations Fund, the Mission & Music Fund and the Flower Fund are 100% cash and allocated the remaining cash balance across the Future Maintenance Reserve, the Specific Fund and the Benefactor's Funds in proprotation to their size. Interest payments and increases in capital value of cash funds are allocated on the basis of the cash element of the
respective funds and increases/decreases in the "non-cash" investment values are allocate proportionately to the
"non-cash" element of the funds. Interest and capital value changes are included in the receipts column (below).
**Unrestricted Funds** may be used by the church for any of its ordinary purposes.
**Designated Funds** represent unrestricted funds set aside by the church for specific designated purposes; they can be transferred back into general funds at the church's decision.
## **Future Maintenance Reserve Fund**
These funds are set aside in an attempt to spread over a number of years the cost of major maintenance work to the Church, Manse and Bungalow, the amount and timing of which cannot be accurately determined. Allocated interest from deposit accounts is credited net of a 60% Ministry & Mission levy (URC Synod methodology), The levy is credited to unrestricted funds and used to part-fund our Ministry & Mission payment. From 2008 the fund has also been used to balance receipts and payments connected with the Running and Maintenance of the church.
## **Specific Fund**
These funds are derived primarily from legacies and ministerial fees. They are intended to be used to promote the Mission and Worship activities of the church as directed by Church Meeting. Allocated interest from deposit accounts is credited net of a 60% Ministry & Mission levy (URC Synod
methodology). The levy is credited to unrestricted funds and used to part-fund our Ministry & Mission payment. From 2008 the fund has also been used to balance receipts and payments connected with the Mission & Worship activities of the church.
## **Nursery Reserve Fund**
From 2014 we have included 'headline' figures for our Nursery School, which for reasons of operational sensitivity are reported in detail separately. The Nursery Reserve Fund is used primarily to cover cash flow imbalances arising during the operating year and projected liabilities in event of the dissolution of the Nursery. A portion of the Nursery operating surplus has been transferred to the Future Maintenance Reserve Fund to cover agreed running & maintenance costs.
|||Fund name & purpose:||Balance
b/fwd £
0|Receipts
inyear £
44,211|Payments
inyear £
-43,682|Transfers
foryear £
-529|Balance
c/fwd £
0|
|---|---|---|---|---|---|---|---|---|
||||||||||
|||Unrestricted Funds|||||||
||||||||||
|||Fund name & purpose:||Balance
c/fwd £
23,270
105,986
20,044
91,293
25,686|Receipts
inyear £
7,982
6,809
7,639
5,865
139,008|Payments
inyear £
-19,015
0
0
0
-103,071|Transfers
foryear £
19,30~~7~~
0
23~~8~~
0
-19,01~~5~~|Balance
c/fwd £
31,543
112,794
27,921
97,158
42,608|
||||||||||
|||FutureMaintenanceReserveFund-Cash|||||||
|||FutureMaintenanceReserveFund- Non-Cash|||||||
|||SpecificFund-Cash|||||||
|||SpecificFund- Non-Cash|||||||
|||PBURC Nursery Reserve Fund|||||||
||||||||||
|||**Totals for designated funds -Cash**
**Totals for designated funds - Non-Cash**
**Totals for designated funds**||69,000|154,629|-122,086|529|102,072|
||||||||||
||||||||||
||||||||||
**POTTERS BAR UNITED REFORMED CHURCH CHARITY**
Page 3
## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020**
## **NOTES**
**Restricted Funds** represent income which may be expended only on those restricted objects provided in the terms of a trust or bequest, or donations or grants received or invited for a specific purpose. These funds can only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund for future expenditure on that specific purpose, or returned; it cannot be absorbed into general funds.
## **Benefactors fund**
These funds have been derived from donations which are to be applied for items not connected with the upkeep of the fabric. They are kept separately and can be directed according to the decision of the Church Meeting. In 2020 a payment was made to our retiring Toddlers Manager, Margaret Steff
## **Annual Running & Maintenance Fund**
Since 1.1.2007 some church members and church organisations have requested that a proportion of their giving is
directed into a restricted fund for the purpose of maintaining the church premises. This income is generally used in the year it arises.
## **Charitable Donations Fund**
This fund holds temporary balances of restricted short term funds, pending completion of donations by the church .
## **Flower Fund**
Gift Aid recovered on indirect donations made for church flowers and restricted donations made to the Church for flowers is credited to this fund. The funds are to be used solely for purchase of church flowers, directly or via the church flower arrangers group.
## **Music & Mission Fund**
These funds derive from donations by church members and third parties at concerts & recitals in the church. They are used to fund the costs of musical events - primarily in the running year - but any surplus is held in the fund for future years.
||**2**||**Fund name & purpose:**||||Balance
b/fwd £
1,246
5,677
0
2,117
2,863
1,447|Balance
b/fwd £
1,246
5,677
0
2,117
2,863
1,447|Receipts
inyear £
117
365
18,929
2,700
635
1,511|Receipts
inyear £
117
365
18,929
2,700
635
1,511|Payments
inyear £
-145
0
-18,929
-4,223
-864
-524|Payments
inyear £
-145
0
-18,929
-4,223
-864
-524|Balance
c/fwd £
1,218
6,042
0
594
2,634
2,434|Balance
c/fwd £
1,218
6,042
0
594
2,634
2,434|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||
|||Benefactor'sfund-Cash|||||||||||||||
|||Benefactor'sfund- Non-Cash|||||||||||||||
|||Annual running &maintenancefund|||||||||||||||
|||Charitable GivingFund (non-interest bearing)|||||||||||||||
|||Flower Fund|||||||||||||||
|||Music & Mission Fund|||||||||||||||
||||||||||||||||||
|||**Totals for restricted funds -Cash **
**Totals for restricted funds - Non-Cash **
**Totals for restricted funds**|||||7,673
5,677
13,350||23,891
365
24,256||-24,685
0
-24,685||6,880
6,042
12,922||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||This Year
2020
Total £||Last Year
2019
Total £||
||||||||Unrestricted
Funds £||Designated
Funds £||Restricted
Funds £||||||
||**3**|**MONIES RAISED FOR OUTSIDECAUSES**|||||||||||||||
|||DonationsforCharities
Minister'sleaving gift.|||||||||2,042||2,042
0||1,321
955||
||||||||||||||||||
||||||||||||||||||
|||**Total raised for outside causes**|||||0||0||2,042||2,042||2,276||
||||||||||||||||||
||**4**|**GIFT AID**|||||||||||||||
|||Committed Giving
Flower Fund
Music &Mission
RestrictedMaintenanceFund
Donation for Events & Catering Costs
Donation forOffice Costs
Donations to Organ MaintenanceFund
Charities|||||1,894||||3,838
228
572
3
108
10
0
600||5,731
228
572
3
108
10
0
600||6,340
213
25
86
20
20
459
70||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
|||**Total Gift Aid**|||||1,894||0||5,358||7,252||7,232||
||||||||||||||||||
|||Gift Aid above is for 1-1-19 to 31-12-19|||||||||||||||
||||||||||||||||||
||**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|**POTTERS BAR UNITED REFORMED CHURCH CHARITY**|||||||Page 4|Page 4|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||
||**FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020**|||||||||||||||
|||||||||||||This Year
2020
Total £||Last Year
2019
Total £||
||**NOTES**|||||Unrestricted
Funds £||Designated
Funds £||Restricted
Funds £||||||
|||||||||||||||||
||**5**|**OTHER FUND RAISING FOR CHURCH**||||||||||||||
|||ThirdPartyPhotocopying andArtwork
Organ MaintenanceAppeal Fund
Mission&Music
Church RestrictedMaintenanceFund
Flower Fund
Benefactor'sFund||||0
~~0~~||||0
707
20
155
~~0~~
816||0
0
707
20
155
0
816||0
0
2,363
89
515
0
3,626||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||Other Donations*||||||||||||||
|||||||||||||||||
|||**Total Other Fund Raising for Church**||||0||0||1,698||1,698||6,593||
|||||||||||||||||
|||*Included here are restricted donations towards Office, Catering and Events costs.||||||||||||||
|||||||||||||||||
||**5a **|**HMRC Furlough Grants**||||||||15,893||15,893||0||
|||||||||||||||||
|||In 2020,whilstwe continued to pay staff fullsalaries,we tookadvantage ofthe Government'sfurloughscheme to||||||||||||cover||
|||periods when restrictions meant they were unable to work.||||||||||||||
|||||||||||||||||
||**6**|**PROPERTY INCOME**||||||||||||||
|||Lettingincome
ManseRental Income*
Bungalow Rental Income||||13,337
13,379
7,673||||0||13,337
13,379
7,673||43,685
10,195
10,287||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||**Total property income**||||34,390||0||0||34,390||64,167||
|||||||||||||||||
|||*Until30thJune2019we shared aMinister with BrookmansParkURC and as part||||||||ofourcost sharing agreement||||||
|||50% ofour ManseRental income,net ofagentsfees,was passed toBrookmansParkURC.||||||||||||||
|||This arrangement terminated on 30th June 2019.||||||||||||||
|||||||||||||||||
||**7**|**MINISTRY & MISSION FUND**||||||||||||||
|||The churchcontributes to the centralURC costs oftraining and providingministers (including the centralised||||||||||||||
|||payment ofstipends, pensioncontributions and otherbenefitsfor ministers),running the denomination, and||||||||||||||
|||the wider mission of the national church.||||||||||||||
|||||||||||||||||
||**8**|**MINISTERIALCOSTS**||||||||||||||
|||Minister'sExpenses
Manse Council Tax
ManseInsurance
MansePhone &Broadband
ManseWater||||0
0
0
0
~~0~~||||||0
0
0
0
0||-519
-633
0
-213
0||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||**Total Ministerial Costs**||||0||0||0||0||-1,364||
|||||||||||||||||
|||Asnoted under6,wehad a cost sharing arrangementfor Ministerialc||||||ostswith BrookmansParkURCwhichterminated||||||||
|||on30thJune2019. Thefigures aboverepresent ourshare of Minister's expenses,water, telehone and Council Tax||||||||||||||
|||for the first half year 2019 and 2018 adjustments.||||||||||||||
|||||||||||||||||
||**9**|**OTHER MINISTRY/WORSHIPCOSTS**||||||||||||||
|||Expenses- Elders||||-153
0
-2,280
-5,234
-996||||-14~~5~~||-298
0
-2,280
-5,234
-996||-926
0
-1,800
-5,479
-373||
|||Strategy Costs (hire ofconsultant)
PulpitFees
OrganistFees &Directorof Music Salary
Licences and Music||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||**Total Other Ministry & Worship Costs**||||-8,663||0||-145||-8,808||-8,579||
|||||||||||||||||
||**10 **|**CHURCH RUNNING COSTS**||||||||||||||
|||Gas
Electricity
Insurance
WaterCharges
Caretaker's Salary,NI&Pension
PremisesManagerSalary
Lettings OfficerSalary
Telephone andBroadband
Office, Stationery and photocopying||||0
0
0
0
-8,830
-11,697
-2,606
-720
-1,13~~5~~
-159
-71
-286
0
0
-340
-540||-3,204
-4,154
-4,315
-659
-3,912||-7,038
-6,802
-1,604
-789
-76
-69
0
-864
0||-3,204
-4,154
-4,315
-659
-19,779
-18,498
-4,210
-720
-1,923
-235
-140
0
-864
0
-286
0
0
-340
-540||-4,174
-4,286
-4,316
-914
-21,642
-16,593
-4,050
-771
-3,629
-410
-1,059
0
-520
-459
-613
0
-190
-436
-540||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||Catering
Events
DarkesFayre Costsfrom PreparationsFund
Drawdown from Flower Fund
Organ Maintenance (fromOrgan Fund)||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||ChurchOrganandPianomaintenance
Other,including CRBcosts
LettingsAdmin.Costs
Finance & Otheradminexpenses
Accounts Examination||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||||||||||||||||
|||**Total church running costs**||||-26,382||-16,244||-17,241||-59,867||-64,601||
|||||||||||||||||
||**9**|**OTHER MINISTRY/WORSHIPCOSTS**||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Expenses- Elders||-153||||-14~~5~~||-298||-926||
|||Strategy Costs (hire ofconsultant)||0||||||0||0||
|||PulpitFees||-2,280||||||-2,280||-1,800||
|||OrganistFees &Directorof Music Salary||-5,234||||||-5,234||-5,479||
|||Licences and Music||-996||||||-996||-373||
|||||||||||||||
|||**Total Other Ministry & Worship Costs**||-8,663||0||-145||-8,808||-8,579||
|||||||||||||||
||**10 **|**CHURCH RUNNING COSTS**||||||||||||
|||Gas||0||-3,204||||-3,204||-4,174||
|||Electricity||0||-4,154||||-4,154||-4,286||
|||Insurance||0||-4,315||||-4,315||-4,316||
|||WaterCharges||0||-659||||-659||-914||
|||Caretaker's Salary,NI&Pension||-8,830||-3,912||-7,038||-19,779||-21,642||
|||PremisesManagerSalary||-11,697||||-6,802||-18,498||-16,593||
|||Lettings OfficerSalary||-2,606||||-1,604||-4,210||-4,050||
|||Telephone andBroadband||-720||||||-720||-771||
|||Office, Stationery and photocopying||-1,13~~5~~||||-789||-1,923||-3,629||
|||Catering||-159||||-76||-235||-410||
|||Events||-71||||-69||-140||-1,059||
|||DarkesFayre Costsfrom PreparationsFund||||||0||0||0||
|||Drawdown from Flower Fund||||||-864||-864||-520||
|||Organ Maintenance (fromOrgan Fund)||||||0||0||-459||
|||ChurchOrganandPianomaintenance||-286||||||-286||-613||
|||Other,including CRBcosts||0||||||0||0||
|||LettingsAdmin.Costs||0||||||0||-190||
|||Finance & Otheradminexpenses||-340||||||-340||-436||
|||Accounts Examination||-540||||||-540||-540||
|||||||||||||||
|||**Total church running costs**||-26,382||-16,244||-17,241||-59,867||-64,601||
|||||||||||||||
**POTTERS BAR UNITED REFORMED CHURCH CHARITY**
Page 5
**FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020**
## **NOTES**
||**NOTES**|**NOTES**|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||This Year
2020
Total £||Last Year
2019
Total £||
||||||Unrestricted
Funds £||Designated
Funds £||Restricted
Funds £||||||
||**11 **|**PROGRAMME ACTIVITYCOSTS**|||||||||||||
|||JuniorChurch&Toddlers|||0
-445
-192||||-45~~0~~
-524||-450
-445
-192
-524
0||0
-489
-372
-1,180
~~0~~||
|||Mission Materials &Advertising|||||||||||||
|||Church Liaison&PastorateExpenses|||||||||||||
|||Mission&Music|||||||||||||
|||Specificfund expenditure|||||||||||||
||||||||||||||||
|||**Total programme activity costs**|||-637||0||-974||-1,610||-2,041||
||||||||||||||||
||**12 **|**SUPPORTOF OUTSIDECAUSES**|||||||||||||
|||StrokeAssociation|||0
0
0
0
0
0
0
0
0
0
0
0
0||0
0
0
0
0
0
0
0
0
0
0
0
0||-190
-234
-460
-350
-234
-100
-1,200
-304
-1,151||-190
-234
-460
-350
-234
-100
-1,200
-304
0
0
0
0
-1,151||0
0
0
0
0
0
0
0
-189
-1,000
-202
-105
0||
|||HomelessAction in Barnet|||||||||||||
|||CrisisHomeless Charity|||||||||||||
|||Essex&HertsAir Ambulance|||||||||||||
|||HertsMusical Memories|||||||||||||
|||HornseyMoravianChurch - followingfire|||||||||||||
|||DIPPS (Defibrillatorsin PublicPlaces)|||||||||||||
|||PeaceHospice- Harvest Collections.|||||||||||||
|||Royal Free Charity-CarolineWick|||||||||||||
|||Revd. Nick Brindley- leaving collections.|||||||||||||
|||Christian Aid|||||||||||||
|||CTPBsummerClub-Stainerconcert|||||||||||||
|||UgandanChurch Roof Appeal|||||||||||||
||||||||||||||||
|||**Total support of outside causes**|||0||0||-4,223||-4,223||-1,496||
||||||||||||||||
|||Inadditionto the above donations to Outside CausesfromChurch funds, Christain|||||||Aid Collectionswere £340||||||
|||These donations arenotincludedinouraccounts.|||||||||||||
|||Our total support for outside causes was therefore £4,563 in 2020.|||||||||||||
||**13 **|**MAINTENANCE OF CHURCH BUILDINGS**||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Routine Church Repairs &Maintenance||||0
~~0~~
0||-2,771
0
0||-14,828
-2,181
-1,920||-17,599
-2,181
-1,920||-19,075
-67,586
-3,486||
|||Major repair/renovationprojects||||||||||||||
|||Health& Safety andAdmin||||||||||||||
|||||||||||||||||
|||**Total maintenance of church buildings**||||0||-2,771||-18,929||-21,700||-90,146||
|||||||||||||||||
||**14 **|**MAINTENANCE OF MANSE & BUNGALOW**||||||||||||||
|||ManseRepairs &Maintenance||||0||||0||0||0||
|||Bungalow repairs & Maintenance||||0||||0||0||||
|||||||||||||||||
||**15 **|**ASSETS USED FOR CHURCH PURPOSES**||||||||||||||
||The church building, the manse at 1 Cedar Close, Potters Bar and the bungalow at 245 Darkes Lane, Potters Bar
are vested in URC Thames North Trust as trustees and are not church assets. They are held for the benefit of
Potters Bar URC in accordance with the statutory trusts applicable to URC properties under the URC Acts.|||||||||||||||
|||For insurance purposes the church buildings are insured by the church for £4,618,673 for the church complex,||||||||||||||
||manse for £5,000 and bungalow for £5,065.
£306491 for the manse and £141360 for the bungalow. The church contents are insured by the church for £682,602|||||||||||||||
## **16 INVESTMENTS HELD FOR CHURCH PURPOSES**
In addition to current and reserve bank accounts, the church has a deposit account and an Investment fund with CCLA Investment Management Ltd. Income from the church deposit account is paid to the church.
||**16 **|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|**INVESTMENTS HELD FOR CHURCH PURPOSES**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||
|||CCLA InvestmentManagementLtd. Incomefromthe churchdeposit accountis paid to the church.||||||||||||||
|||||||||||||||||
|||Inadditiona current bankaccount, the Church Nursery School has a deposit accountwithCCLA Investment||||||||||||||
|||ManagementLtd. IncomefromtheNursery Schooldeposit accountis||||||paid to theNursery School.||||||||
|||||||||||||||||
|||The total value ofCCLA fundswas asfollows:||||||||||||||
|||||||||31.12.2020||||31.12.2019||||
|||Cash(COIFCharitiesDepositFund)||||||£39,069||||£52,839||||
|||Non-Cash(COIF Charities Investment Fund)||||||£215,994||||£202,956||||
|||||||||£255,063||||£255,795||||
|||||||||||||||||
POTfERS BAR UNITED REFORMED CHURCH CHARITY
Page 6
FINANCIAL STA TEMENTS YE4R ENDED 31 DECEMBER 2020 1
TREASURER'S STA T8•lENT
I have prepared the financial statements C pages 1 10 5 ts the year ended 31 December 2020 from the
accounting iecords of the church.
Robert AnthY Hillyard
Isignaturel
Idatel
15th February2021
INDEPENDENT EXAMINEFYS REPORT
I report the financial statements of Potters Bar URC *y the year ended 31 December 2020. which are sel
out on pages 1 to 5.
R&g)ectlv& responslbllltles
The church is responsible fc( the preparatic of the financial statements, and ¢(sIderS that the audit
requirement of Section 145 of the Charities Act 2011 Ilhe Acll dces not apply. 11 is my responsibility to
state, cn the basis of procedures Specified in the General Direction5 given by the Charity Commi5sicner5
under Section 145151(bl of the Act, whether particular mallers ha* come lo my attenti(*).
Basis of Indepondgnt Examlnerfs report
My examination was carried out in accordance with the General Directions of the Charity Ccfflmi55icner5.
An examination includes a remew of the accounting rec¢xd5 kept by the church and a comparison of the
accounts presented with those records. also includes consideration of any unusual items or disclosures
in the financial statements. and seeking ex planations ccmceming any such matters. The procedures
undertaken do not pro¥ide all the eiridence that wcyjld be required in an audit, and ccseqUentIY no opinion
is gIn as to whether the acccyjnts present a Irue and iiew and the report is limited to those matters
set out in the statement below.
Independent Examingr's statamgnt
In connection with my examination, no material matters ha come lo my attenlicfi which gIS me cause
to believe in any respect".
ace¢Mnling records were not kept In accordance with SectiC 130 of the Charities Act
the accounts do not a¢¢cd with the a¢¢cwnling re¢cxds.
I ha¥e ccrne across no other matters in Connectic with the examinab.on to which attention shujld be
drawn in order to enable a prt¥)er understanding to be reached.
Signed by the Independent Examiner..
J Fryettr
dale.. 13.03.21
Name and address ofthe Independent Examiner..
JcEn L. Fryell F.MA.A.T.
Unit 5 East LcKlge Village
East L(Klge Lane
Botany Bay
Enfield
EN2 8AS