**Charity number: 1139310**
## **Streatham United Reformed Church Charity**
**Trustees' report and financial statements for**
**the year ended 31 December 2020**
## **Streatham United Reformed Church Charity**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 3**|
|Independent examiners' report|**4**|
|Statement of financial activities|**5**|
|Balance sheet|**6**|
|Notes to the financial statements|**7 - 10**|
## **Streatham United Reformed Church Charity**
## **Legal and administrative information**
**Charity number** 1139310 **Business address** 388 Streatham High Road Streatham London SW16 6HX **Trustees** Mr Okeke Azu-Okeke (MA) Mr Ruben Gbewonyo Ms Mercy Amponsaa Nimako (MPhil) Mr Clement Tagoe Ms Sarah Ohwee Amon (FCCA) **Bankers** NatWest Streatham Branch 54 Streatham High Road London SW16 1XE
**Page 1**
## **Streatham United Reformed Church Charity**
## **Report of the trustees**
## **for the year ended 31 December 2020**
The trustees present their report and the financial statements for the year ended 31 December 2019. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
The governing instrument of the Charity is distilled from the United Reform Church Acts of Parliament (1971 and 1982) and the Scheme of Union (1972).
The day to day operation of the Charity is controlled and managed by the Trustees.
## **Risk Management**
The Trustees examines the major risks that the Church faces each financial year when preparaing and updating the strategic plan. The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate any impact that they may have on the charity.
## **Objectives and activities**
The principal objectives of the Charity are for the benefit of the Public and:
The advancement of the Christian faith for the benefit of the general public in accordance with the Schemes of the Union of United Reformed Church.
## **Achievements and performance**
Streatham United Reformed Church has approximately 48 members, all with their own individual spiritual needs and the Church charitable funds are used to advance the spiritual, educational, recreational and cultural opportunities to the members and the general public.
## **Financial review**
The attached financial statement shows the current state of financial affairs, which the Trustees consider to be satisfactory. The net incoming resource for the year, which were mostly unrestricted funds, amounted to £13,399. This was added to the net reserve brought forward of £123,728. The total reserve carried forward is £137,127.
Tithes, offerings and letting income are the main sources of income.
## **Plans for future period**
The policies and purposes of the Trust shall continue under the provisions of the Trust deed with regards to the public benefit.
**Page 2**
## **Streatham United Reformed Church Charity**
## **Report of the trustees**
**for the year ended 31 December 2020**
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 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 UK 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 proper accounting records which 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 1993 and the Charity (Accounts and Reports) Regulations 2008. 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
On behalf of the board
.................................
## **Ms Sarah Ohwee Amon (FCCA)**
**Trustee Date: .....** 17th October 2021 **................................**
**Page 3**
## **Streatham United Reformed Church Charity**
## **Independent examiner's report to the trustees on the unaudited financial statements of Streatham United Reformed Church Charity.**
I report on the accounts of Streatham United Reformed Church Charity for the year ended 31 December 2018 set out on pages 2 to 10.
## **Respective responsibilities of trustees and independent examiner**
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
-
- to keep proper accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Fayonia Minott**
**Independent examiner**
Top Floor Flat 289 Norwood Road London SE24 9AQ
**Date:**
**Page 4**
## **Streatham United Reformed Church Charity**
## **Statement of financial activities**
## **For the year ended 31 December 2020**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
92,186
-
Bank interest receivable
3
-
100
**Total incoming resources**
92,186
100
**Resources expended**
Council tax
2,161
Church cleaning
1,860
Accountancy fee
-
Telephone and faxes
849
Water rates
1,013
Insurance and licences
8,365
Gas bill
7,371
General expenses
-
Repairs & maintenance
21,204
URC ministry and mission
20,844
Electricity bill
8,122
Hall letting expenses
2,061
Bank charges
355
Subscription
392
-
-
-
-
-
-
-
-
-
-
-
Postage, printing and stationery
-
-
-
Gifts and donation
1,872
Ministers' fee and expenses
2,316
Depreciation of fixtures and fittings
418
Refreshment and hospitality
(318)
-
-
-
**Total resources expended**
78,887
-
Total funds brought forward
10,780
112,948
**Total funds carried forward**
24,079
113,048
-
-
-|**2020**
**Total**
**£**
92,186
100
92,286
2,161
1,860
-
849
1,013
8,365
7,371
-
21,204
20,844
8,122
2,061
355
392
-
1,872
2,316
418
(318)
78,887
123,728
137,127|**2019**
**Total**
**£**
58,832
226|
|---|---|---|
|||59,058|
|||2,079
9,788
3,150
820
831
6,907
6,257
448
7,514
22,263
10,446
-
-
450
25
390
1,079
530
773|
|||73,750|
|||138,420|
|||123,728|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 7 to 10 form an integral part of these financial statements.**
**Page 5**
## **Streatham United Reformed Church Charity**
## **Balance sheet**
## **as at 31 December 2020**
|**2020**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
5
1,616
**Current assets**
Cash at bank and in hand
137 311
137,311
**Creditors: amounts falling**
**due within one year**
6
)
(1,800
**Net current assets**
137,127
**Net assets**
137,127
**Funds**
7
Restricted income funds
113,048
Unrestricted income funds
24,079
**Total funds**
137,127
The financial statements were approved by the trustees on ......................................................................
behalf by
Mr Clement Tagoe
Ms Sarah Ohwee Amon (FCCA)
**Trustee**
**Trustee**
17th October 2021|**2019**
**£**
**£**
2,034
123,494
123,494
(1,800)
121.694
123,728
112,948
10,780
123,728
.......... and signed on its|
|---|---|
**The notes on pages 7 to 10 form an integral part of these financial statements.**
**Page 6**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
**for the year ended 31 December 2020**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
## **1.2. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
Income from investments is included in the year in which it is receivable.
## **1.3. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.4. Research and development**
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% reducing balance method
**Page 7**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2020**
## **2. Voluntary income**
|**Voluntary income**||||
|---|---|---|---|
||**Unrestricted**|**2020**|**2019**|
||**funds**|**Total**|**Total**|
||**£**|**£**|**£**|
|Donations|28,889|34,067|34,067|
|Hall letting|63,297|24,765|24,765|
|Other donations|-|-|-|
||92,186|58,832|58,832|
## **3. Investment income**
Bank interest receivable
|**Restricted**
**funds**
**£**
100
100|**2020**
**Total**
**£**
100
100|**2019**
**Total**
**£**
226|
|---|---|---|
|||226|
## **4. Employees**
## **Employment costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
**Page 8**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2020**
|**Fixtures,**
**5.**
**Tangible fixed assets**
**fittings and**
**equipment**
**£**
7,009
4,974
418
5,393
1,616
**Cost**
At 1 January 2020and
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book values**
At 31 December 2020
At 31 December 2019
2,034
**6.**
**Creditors: amounts falling due**
**within one year**
**2020**
**£**
Accruals and deferred income
1,800
**7.**
**Analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
1,616
24,263
113,048
-
Fund balances at 31 December 2020as represented by:
Tangible fixed assets
Current assets
Current liabilities
)
(1,800
-
24,079
113,048|||**Total**
**£**
7,009
4,974
418
5,393
1,616
2,034
**2019**
**£**
1,800
**Total**
**funds**
**£**
1,616
137,311
)
(1,800
137,127|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
**Page 9**
## **Streatham United Reformed Church Charity**
## **Notes to financial statements**
## **for the year ended 31 December 2020**
|**8.**|**Unrestricted funds**||**At**|||**At**|
|---|---|---|---|---|---|---|
|||**1**|**January**|**Incoming**|**Outgoing **|**31 December**|
||||**2020**|**resources**|**resources**|**2020**|
||||**£**|**£**|**£**|**£**|
||General funds||(93,832)|28,889|(76,826)
(141,769)||
||Designated Funds - Property Account||104,612|63,297|165,848
(2,061)||
||||10,780|92,186|(78,887)
24,079||
## **Purposes of unrestricted funds**
The unrestricted funds of the Trust are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.
|**9.**
**Restricted funds**
**1**
Restricted Funds- Capital Reserve Account|**At**
**At**
**January**
**Incoming 31 December**
**2020**
**resources**
**2020**
**£**
**£**
**£**
112,848
100
113,048|
|---|---|
**Page 10**