**Charity registration number 1133839**
## **POTTERS BAR UNITED REFORMED CHURCH**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **POTTERS BAR UNITED REFORMED CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 3|
|Statement of trustees responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6 - 7|
|Balance sheet|8|
|Notes to the financial statements|9 - 18|
## **POTTERS BAR UNITED REFORMED CHURCH**
## **TRUSTEES REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
As a local congregation of the United Reformed Church (URC), Potters Bar United Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community, described more specifically in its Mission Statement.
## Our mission
We come to worship God. To grow in faith and share our service and love for Jesus Christ within the community of Potters Bar and beyond.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## _Activities_
The church has fully recovered from the effects of Covid lockdowns with a greater appreciation of fellowship and doing things together.
## Nursery
2023 was a good year for the nursery with a balance between the number of children and the space available, now including the small extension. Staffing is loyal and capable allowing a happy, learning, environment for the children. Parent support is good and encouraging.
## Future
As a result of the very high overspend recorded in 2022 it was decided to reduce staff costs; this was actioned in early 2024. Because volunteers are an even more scarce resource than money the decision has also been taken to allow the nursery to separate from the church; this occurred in 2024. This allows time spent on nursery management to be used for the church. It also allows a very competent Nursery Manager to run her own nursery. There continue to be close links between the church and the nursery. In September 2023 Revd David Aplin, already an elder, was appointed Interim Minister of Potters Bar URC and Christ Church URC, Hatfield.
- 1 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **Financial review**
## Basis of accounts
The Financial Statements for 2021 were produced on the Receipts and Payments system for the Church but the Nursery accounts incorporated were on the Accruals System. Some elements of income were on a netted basis so that the reported income for the Charity was less than the threshold of £250,000. The Elders believed that this basis was incorrect and this was confirmed by a qualified accountant, holding a practicing certificate, who specialises in charity accounting. As a result, the 2022 and 2023 Financial Statements were produced on the Accruals Basis. We appointed a qualified accountant to perform the Financial Review for 2022 and this continues for 2023.
## Financial Report
During the 12 months from 1[st] January 2023 and 31[st] December 2023 income received by the charity was £285,751 (2022 £236,082) and expenditure was £291,260 (2022 £280,583) leaving a deficit of £5,509. There was also a gain on investment values of £20,068. This yields an overall surplus for the year of £14,559 (2022 was a deficit of £77,136 after restatement). The 2023 figure includes legacies of £13,000 for which we are most grateful. The figures are consolidated and are on an accrued basis. Cash at bank and in hand at 31[st] December 2023 was £66,807 (2022 £76,133). Monetary funds with COIF were £36,944 (2022 £36,944). In addition, there are investments with CCLA valued, at 31[st] December 2023, of £238,456 (2022 £218,388), an increase in value of £20,068. The results for 2023 show a sizeable recovery in investment values reflecting better economic conditions with further, recoveries, albeit at a lesser rate, in 2024.
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between two and three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, the charity will be able to continue its current activities while consideration is given to ways in which additional funds may be raised.
The trustees have decided that a reserve of £70,000 is appropriate at this time. This level of reserves has been maintained throughout the year. . £15,000 of this is a COIF reserve account held by the Nursery on behalf of the charity.
## **Structure, governance and management**
Potters Bar United Reformed Church is a local church of the United Reformed Church in Great Britain, and is a member church of Thames North Synod. It was registered as a charity on 28th January 2010 as Charity Number 1133839. The church is situated at Darkes Lane, Potters Bar, Hertfordshire EN6 1BZ.
The church building, the manse at 1 Cedar Close, Potters Bar EN6 1EW and Tilbury Cottage at 245 Darkes Lane, Potters Bar EN6 1BZ, are vested in Thames North Trust company as trustees and held for the benefit of Thames North Synod in accordance with the trusts applicable to URC properties.
The trustees trustees who served during the year and up to the date of signature of the financial statements were:
Revd David Aplin BA FCCA Anthony Corfe (Resigned 24 May 2025) Alastair Maclean Janet Green (Resigned 26 March 2023) D Ramsay (Resigned 26 March 2023) Janet O'Connor (Appointed 21 May 2023) Marian Poulton (Appointed 21 May 2023) F Palmer (Appointed 18 May 2025)
- 2 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## _Recruitment and appointment of trustees_
The members of the Elders Meeting for the time being are recognised as the charity trustees during their period of service as elders.
The activities of Potters Bar URC are overseen by the Elders Meeting of the Church in accordance with the provisions of the Structure of the United Reformed Church determined by the General Assembly of United Reformed Church, and supplemented by the rules of Potters Bar URC. The Governing Document of the registered charity is a statement adopted by the Church Meeting on13th July 2022.
The Elders Meeting is responsible for the financial administration of the church and the care and maintenance of its premises, the manse and Tilbury Cottage. The Church Meeting (of all members wishing to attend in person or by Zoom) gives general guidance on the life and work of the Church.
The members of the Elders Meeting are the minister in pastoral charge and up to ten members of Potters Bar URC nominated and elected by members of Potters Bar URC in a Church Meeting. New elders are ordained as elders of the church and they, plus any non-serving elders duly elected to serve, are inducted as serving elders. Elders serve for three years, retire by rotation and are eligible for re-election. There is normally a limit of two consecutive periods of service but the elders may waive this requirement.
The Elders Meeting met twelve times during 2023.It is assisted in the administration of the church and its properties by committees established for premises and finance, for events, for music and worship and for Tilbury Nursery. The Church Meeting met six times with a Zoom hybrid option.
## _Other matters_
## Decision making
The key management functions are performed by the officers and other members of the committee.
## Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees report was approved by the Board of Potters Bar United Reformed Church Charity.
D G Aplin D G Aplin (Jul 1, 2026 14:22:40 GMT+1)
Revd David Aplin BA FCCA **trustee**
## A M Maclean
A M Maclean (Jul 1, 2026 13:22:50 GMT+1) Alastair Maclean **trustee**
10 March 2026
- 3 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF POTTERS BAR UNITED REFORMED CHURCH**
I report to the trustees on my examination of the financial statements of Potters Bar United Reformed Church (the charity) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trustee’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## Harvine Consultants
Harvine Consultants (Jul 1, 2026 15:22:55 GMT+1)
Harvine Consultants Ltd Chartered Certified Accountants 25 June 2026
- 5 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**Unrestricted Unrestricted**
**Nursery**
**Restricted**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
37,879
-
-
Charitable activities
Rental income and gift aid
**4**
81,553
-
-
Potters Bar URC nursery income
**4**
-
156,657
1,277
Investment income
**5**
7,713
672
-
**Total income**
127,145
157,329
1,277
Charitable activities
Charitable expenditure
**6**
120,048
-
12,585
Nursery costs
**6**
-
158,214
413
**Total charitable expenditure**
120,048
158,214
12,998
Total expenditure
120,048
158,214
12,998
Net gains/(losses) on investments
**8**
20,068
-
-
**Net income/(expenditure) and movement in funds**
27,165
(885)
(11,721)
**Reconciliation of funds:**|**Total**
**Unrestricted Unrestricted**
**Nursery**
**Restricted**
**funds**
**funds**
**funds**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
37,879
27,044
-
3,130
81,553
70,768
-
-
157,934
-
131,323
2,842
8,385
975
-
-
285,751
98,787
131,323
5,972
132,633
137,766
-
6,907
158,627
-
135,910
-
291,260
137,766
135,910
6,907
291,260
137,766
135,910
6,907
20,068
(32,635)
-
-
14,559
(71,614)
(4,587)
(935)|**Total**
**2022**
**£**
30,174
-
70,768
134,165
975
236,082
144,673
135,910
280,583
280,583
(32,635)
(77,136)|
|---|---|---|
- 6 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**Unrestricted Unrestricted**
**Nursery**
**Restricted**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
Fund balances at 1 January 2023
245,843
27,225
7,139
**Fund balances at 31 December 2023**
273,008
26,340
(4,582)|**Total**
**Unrestricted Unrestricted**
**Nursery**
**Restricted**
**funds**
**funds**
**funds**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
280,207
317,457
31,812
8,074
294,766
245,843
27,225
7,139|**Total**
**2022**
**£**
357,343|
|---|---|---|
|||280,207|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**Notes**
**Current assets**
Debtors
**10**
Investments
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**The funds of the charity**
Unrestricted Nursery funds
**14**
Restricted income funds
**13**
Unrestricted funds|**2023**
**£**
11,940
238,456
66,807
317,203
22,437|**£**
294,766
26,340
(4,582)
273,008
294,766|**2022**
**£**
7,511
218,388
76,133
302,032
21,825|**£**
280,207|
|---|---|---|---|---|
|||||27,225
7,139
245,843|
|||||280,207|
The financial statements were approved by the trustees on 10 March 2026
D G Aplin D G Aplin (Jul 1, 2026 14:22:40 GMT+1)
## A M Maclean
A M Maclean (Jul 1, 2026 13:22:50 GMT+1)
Revd David Aplin BA FCCA Alastair Maclean **Trustee Trustee**
- 8 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **Investment funds 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.
In addition to a current bank account, the Church Nursery School has a deposit account with CCLA Investment Management Ltd. Income from the Nursery School deposit account is paid to the Nursery School. These funds have been accounted for in the balance sheet assets and the restated fund values from previous years have been brought forward and included in unrestricted funds.
## **Designated Funds**
Designated Funds are unrestricted funds set aside by the church for specific designated purposes, they can be transferred back into general funds at the discretion of the trustees.
The church operates four designated funds with the encouragement of the Church Meeting:
The **Maintenance Fund** has been established to fund the major items of maintenance of the three properties: church complex, manse and Tilbury Cottage. The maintenance is supervised by the Finance & Property Committee and reports to the trustees and to Church Meeting.
The **Benefactors Fund** is derived from donations which are not to be used in connection with the fabric.
- 9 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
- **1 Accounting policies**
## **(Continued)**
**The Specific Fund** is primarily derived from legacies and ministerial fees. They are intended to be used to promote mission and worship.
**Nursery Reserve Fund** is the balance that has been built up within a portion of our accounts by the activities of the nursery. This is kept separate because nursery funds are of a cyclical nature. Also we need to maintain a reserve for potential costs of closure as recommended by the Charities Commission. £15,000 of this is invested with COIF.
## **Ministry and Mission Fund**
The church contributes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension contributions and other benefits for ministers), running the denomination ; and the wider mission of the national church,
2023 2022 Ministry and missions fund £10,000 £10,000
## **Restricted Funds**
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. These funds can only be used for the specific purpose for which they were given. Balances must be carried forward for future use, or used for a similar purpose with the donors consent, or returned.
**Annual Running & Maintenance Fund** is derived from contributions specifying that a fixed portion be used for maintenance. Maintenance spend is normally greater than these donations so further maintenance spend must come from general funds of the Maintenance Fund.
**The Flower Fund** allowing a contribution to church flowers from all members with arrangement being by our team of flower arrangers.
**Music & Mission Fund** covering both worship and special music activities receives donations and income from recitals, where not otherwise stated as being restricted for a particular cause. This money is especially used for extra musical items that cannot otherwise cover their costs.
**Charitable Donations Fund** holds funds given for specific external causes pending their payment to the cause or charity specified.
**Nursery Early Years Pupil Premium and Income Deprivation Affecting Children Index Fund (EYPP/ IDACI).** These are funds provided by Herts. County Council and are for the provision of special needs support or to boost the life chances of nursery children.
**Nursery Fundraising** is monies collected from parents, carers and others and is frequently used to buy equipment or for special activities for the children.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 10 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
**(Continued)**
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Ministerial costs. The church did not have a stipendiary minister during 2023. An Interim Minister was appointed in September 2023 but as he is non-stipendiary he is only entitled to reimbursement of expenses incurred.
## **1.6 Heritage assets**
Assets used for church purposes
The church building, the manse at 1 cedar Close, Potters Bar and the cottage 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 for £4,895,795 for the church complex, £318,537 for the manse and £146,916 for the cottage. The church contents are insured for £716,731, manse contents for £5,000 and cottage contents for £5,065.
|Properties
Church Manse Cottage
£
£
£
Agents fees
4675
3,005
Maintenance & sundries 30,2601.998
2,073
6.673
5,078
Gross rental income
23,800 18,600
Net rental income
17,127
13,522
% Net Income
72%
72.7%|Total
2023
£
7,680
4,070
11,750
42,400
30,650
72.3%
|Total
2022
£
3,213
7,211|
|---|---|---|
|||10,424
37,343
26,919|
|||72.1%|
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.
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## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
8,906
-
Legacies receivable
13,000
-
Furlough grants
-
-
Other
15,973
-
37,879
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
8,906
7,022
3,130
13,000
-
-
-
2,238
-
15,973
17,784
-
37,879
27,044
3,130|**Total**
**2022**
**£**
10,152
-
2,238
17,784|
|---|---|---|
|||30,174|
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## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **4 Income from charitable activities**
|Nursery income
Manse rent
Bungalow rent
Property rent
Gift aid
**Analysis by fund**
Unrestricted funds
Restricted funds|**Church**
**2023**
**£**
-
23,800
18,600
30,693
8,460
81,553
81,553
-
81,553|**Nursery**
**2023**
**£**
157,934
-
-
-
157,934
156,657
1,277
157,934|**Total**
**2023**
**£**
157,934
23,800
18,600
30,693
8,460
239,487
238,210
1,277
239,487|**Church**
**2022**
**£**
-
21,450
15,893
27,859
5,566
70,768
70,768
-
70,768|**Nursery**
**2022**
**£**
134,165
-
-
-
134,165
131,323
2,842
134,165|**Total**
**2022**
**£**
134,165
21,450
15,893
27,859
5,566|
|---|---|---|---|---|---|---|
|||||||204,933|
|||||||202,091
2,842|
|||||||204,933|
- 13 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **5 Income from investments**
|**Unrestricted Endowment**
**funds**
**funds**
**Nursery**
**fund**
**2023**
**2023**
**£**
**£**
Other income
-
672
Interest receivable
7,713
-
7,713
672|**Total**
**Unrestricted Endowment**
**funds**
**funds**
**Nursery**
**fund**
**2023**
**2022**
**2022**
**£**
**£**
**£**
672
-
-
7,713
975
-
8,385
975
-|**Total**
**2022**
**£**
-
975|
|---|---|---|
|||975|
- 14 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**6**
**Expenditure on charitable activities**
**Charitable**
**expenditure**
**2023**
**£**
**Direct costs**
Depreciation and
impairment
-
Governance costs
includes payments to the
Independent Examiner of
£1200 (2021 - £1,110) for
examination fees.
850
Insurance
4,925
Water rates
1,087
Church buildings
maintenance
26,752
Manse maintenance and
fees
14,573
Bungalow maintenance
and fees
5,078
Staff costs
52,926
Finance costs
572
Pulpit supply expenses
3,000
Music and other worship
costs
6,827
Postage, printing and
stationery
2,775
Telephone
(661)
Events, catering & flowers
3,218
Other charitable
expenditure
10,711
132,633
**Analysis by**
**fund**
Unrestricted funds
120,048
Nursery funds
-
Restricted funds
12,585
132,633|**Nursery**
**costs**
**2023**
**£**
-
413
-
-
-
-
-
-
-
-
-
-
-
-
158,214
158,627
-
158,214
413
158,627|**Total**
**Charitable**
**expenditure**
**2023**
**2022**
**£**
**£**
-
1,511
1,263
6,922
4,925
4,620
1,087
(8)
26,752
25,779
14,573
4,809
5,078
5,587
52,926
60,940
572
555
3,000
2,580
6,827
8,892
2,775
1,486
(661)
720
3,218
1,833
168,925
18,447
291,260
144,673
120,048
137,766
158,214
-
12,998
6,907
291,260
144,673|**Nursery**
**costs**
**2022**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
135,910
135,910
-
135,910
-
135,910|**Total**
**2022**
**£**
1,511
6,922
4,620
(8)
25,779
4,809
5,587
60,940
555
2,580
8,892
1,486
720
1,833
154,357|
|---|---|---|---|---|
|||||280,583|
|||||137,766
135,910
6,907|
|||||280,583|
## **7 Employees**
The average monthly number of employees during the year was:
Total including Nursery
|**2023**|**2022**|
|---|---|
|**Number**|**Number**|
|16|16|
There were no employees whose annual remuneration was more than £60,000.
- 15 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **7 Employees**
## **(Continued)**
## **8 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
|Gains/(losses) arising on:|**£**|**£**|
|Increase/decrease in investments|20,068|(32,635)|
## **9 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **10 Debtors**
|**Debtors**|||
|---|---|---|
||**2023**|**2022**|
|**Amounts falling due within one year:**|**£**|**£**|
|Debtors|11,940|7,511|
- 16 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **11 Current asset investments**
|**Current asset investments**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Unlisted investments|238,456|218,388|
## **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.
In addition to a current bank account, the Church Nursery School has a deposit account with CCLA Investment Management Ltd. Income from the Nursery School deposit account is paid to the Nursery School.
|The total value of CCLA funds was as follows|31/12/2023|31/12/2022|
|---|---|---|
||£|£|
|Cash (COIF Charities Deposit Fund)|36,944|36,944|
|Non-Cash (COIF Charities Investment Fund)|238.456|218.388|
|Nursery (COIF Charities Deposit Fund)|15,000|15,000|
||290,400|270,332|
## **12 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Accruals and deferred income|22,437|21,825|
## **13 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1**
**Previous year:**
**At 1**|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
7,139
1,277
(12,998)
(4,582
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
8,074
5,972
(6,907)
7,139|
|---|---|
- 17 -
## **POTTERS BAR UNITED REFORMED CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **14 Nursery funds**
These are funds which are material to the charity's activities.
|**At 1**
**Previous year:**
**At 1**|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
27,225
157,329
(158,214)
26,340
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
31,812
131,323
(135,910)
27,225|
|---|---|
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
General funds
**Previous year:**
**At 1**
General funds|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
245,843
127,145
(120,048)
20,068
273,008
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
**£**
317,457
98,787
(137,766)
(32,635)
245,843|
|---|---|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 18 -
## Final Accounts Potters Bar URC December 2023
Final Audit Report
2026-07-01
Created: 2026-07-01 By: Harvine Consultants (harold.adjei@harvineconsultantsltd.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAeKeZOzdgVCFYBwIWa8kza85Pf8n1-X94
## "Final Accounts Potters Bar URC December 2023" History
Document created by Harold Adjei (harold.adjei@harvineconsultantsltd.co.uk)
2026-07-01 - 10:22:54 AM GMT- IP address: 92.238.13.171
Document emailed to alastair_m_maclean@btinternet.com for signature
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## Email viewed by alastair_m_maclean@btinternet.com
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Signer alastair_m_maclean@btinternet.com entered name at signing as A M Maclean
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## Document e-signed by A M Maclean (alastair_m_maclean@btinternet.com)
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## Signer aplin_david@sky.com entered name at signing as D G Aplin
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## Document e-signed by D G Aplin (aplin_david@sky.com)
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Signer Harold Adjei (harold.adjei@harvineconsultantsltd.co.uk) entered name at signing as Harvine Consultants 2026-07-01 - 2:22:53 PM GMT- IP address: 92.238.13.171
Document e-signed by Harvine Consultants (harold.adjei@harvineconsultantsltd.co.uk)
Signature Date: 2026-07-01 - 2:22:55 PM GMT - Time Source: server- IP address: 92.238.13.171 - Signature Appearance Selected: TYPE
## Agreement completed.
2026-07-01 - 2:22:55 PM GMT