Trinity Church M •thLlSt., Chur¢n Hill Refuimthl Chur(h Mini5ter.- Revd.Oa¥id Newton Charity No.: 1140176 TRUSTEES, ANNUAL REPORT AND STATEMENT OF FINANCIAL ACTIVITY Year to 31 DECEMBER 2023 Contents Trustees. Report I: Introduction 2.. Structure, Governan and Management 3: Trust&5 4: Objecbves 5: Activities 6.. Financial Review 7: Risk Assessment 8: Our Future Plans Statement of Financial Activity Receipts & Payments Account Statement of As*ts & Liabilities Notes to the Finanaal Ststements Independent Examinels Report 10-14 15
TRUSTEES. REPORT l. Introduction The trustees present their rewrt and the financial statements for the year ended 315t Dernber 2023. Trinity Church Mill Hill is a Lo(al Ecumenical Partnership in the Thames North Synod of the United Reformed Church (URC) and in the Bamet and Queensbury Methodist Circuit within the Methodist London District. The Church is a member of Churches Together in Mill Hill rcrMHI. Trinity Church Mill Hill operates on two sites, 'The Broadway, (formerty known as 'Union Church) Whe the principal att of Sunday Worship tskes platr and 'The Eversfield Cent, (formerly known a5 'Watling Church? where most of the community activities tske place. 2. Structure, Governance and Management. The constitution of Trinity Church Mill Hill (UnitLxl Refomied and Methcdist) was signed on 6 January 2008, having en approved by Thames North Synod of the URC, by Barnet and QLenSbury Methodist Circuit and by both national denominations. The required Sharing Agreement under the Sharing of Church Buildings Act 1969 was also completed. In 2010, in accordance with the wuirement that churches must register a5 charities, Trinity Church Mill Hill, registered its new constitution as a Local Ecumenical Partnership (LEP). The stsndard goveming document for single congregation LEPS, approved by the Charity Commission wa5 used. The Goveming Documents (Constitution and Schedule) for the Single Congregation Local Ecumenical Partnership Trinity Church, Mill Hill were approved at the Church meeting held on 18 July 2010, and were also approved by the Sponsoring Body, Churches Together North Thames, and the Participating Churches, the Methodist London District and the United Reformed Thames North Synod. Trinity Church Mill Hill (Unita Reformed and Methodist) has been registered with the Charity commison as a charity, (no. 1140176) Sin 2 February 2011 and a new constitution was then adopted. Under the constitution deasion making is by means of Trustees, (Elders? Meetings and Congwational (Church) Meetings. Matters of finan related to capitsl projerts fall within the remit of the Joint Church Council. The Trust, meeting combines the functions of URC Elders and Methodist stewards Meetinglchurch Council. It con5iSts of the Minister, Elders elected by the Church mtIng and a Church Secretsry and Church Twsurer dected by the TNstees f¢M amongst their number. Those seTving in 2023 were: Nina Manieson Church Secretary Malcolm Gill, Church TreaSUr. In addition, some activities are managed by committees or offir$ that report to &ders' and Church MtIng5. A Finance Committee has oversight of all the financial responsibilities of the Church and the Property and Safety Committ& Overs the church's reswn5ibilities regarding propety and health and safety. The Church has a paid administrator to oversee lettings, and bookk*ping activf(ie5 A Correswndent for Home and Overseas Mission continues in this role. The activities of the Church are communicated through our website trinitymillhill.org.uk, the weekly noti sheet, and the Church Magazine Trinity Lamp, which is currently produced annually.
Page 2 3. Trustees The Trust are the Elders of the Elders MtIng the treasurer and the Minister of the LEP. Elders are elected and appointed by Church M&ting, in accordan with the constitution, following agreed Church procedures. Trustees serving during 2023 were: Zoe Djin Malcolm Gill (Co-opted fmm May 2022) Nina Manieson Alexandra Prido Michael Petersen Dr. Richard Bingle Anna Twum-Barima Janet Taylor Genny Tettey Ishbel Lewis Pauline Seaton Matcolm Gill was co-opted by the elders meeting and has continued as church treasurer. ReSnsIbIlitieS of the Elders as trustees are carried out through regular meeting5 and portS from other Church committees. ststutory Declaration The EldersThrustees of Trinity chUh Mill Hill confirm that they have paid due regard to the guidan Issu by the Charity Commission on public benefit in deciding what actwities the charity should undertake. 4. Objectives. The objectives of the Church, as oudined in the URC Basis of Union are: To offer r8Jular worship. To provide a ministry of caring. To bear witness to Jesus Christ in the variety of the Church's organised life. The purpose of the charity, defined In the constitution is: To advan the Christian faith in the Area of benefft in accordan with the principles and practices of the Participating Churches. In achieving its purpose, the charty will engage in a range of activities, either on its own or with others, incIlg (but not restricted to): a) The lebration of worship. b) The teaching of the Christian faith; c) Mission and evangelism; d) Pastoral work, including visiting the sick and the iEreaved; e) The provision of facilities with a Christian ethos for the local community, including (but not restricted to) the elderly, the young and other groups wf(h special needs; and The support of other charitie5 in the UK and overseas. The Trinity Mission Ststement, approved by Church Meeting on 14 September 2008 remains: We, the people of Trinity Church Mill Hill (United Refomied and Methodist), believe that we are called, in the power of the Holy Spirit, to learn toyjether:
Page 3 To worship and to share the hope, the forgiveness and the love of that we find in the life, death and resurrection of Jesus Christ; To offer God's love and care in words and action to our neighbours near and far; To wk Justi and Featr in our community and the world; To sustain and renew the life of the earth, as faithful stewards of God's cwtion. 5. Activities. Worship and Prayer In 2023 all of our worship servi5 were in person, but with the option to join Sunday morning worship via Zoom. We also hold a midw&k Holy Communion Service on the first Tuesday of the month at The Eversffield Centre. The order of service for Sunday Worship is sent by email to the majority of members and made available on our website so that it is available as widety as p055ibie to those not able to atter in rsOn. Our normal pattem of worship is for church rVi5 to LE held on Sunday momings at Trinty Church, The Broadway, to which all a welcome. This include5 activities for younger people (Junior Church and Bible Class) and a crèche both as r4uired. Additional or special 5eNices were held in accordance with Christian festiva15, sometimes jointly with other churches through cfm (Churd)es Together in Mill Hill) e.g. the Good Friday walk of witness. We encourage involvement in the leading of worship through Worship Teams who lead worship On a month. Our children arKI young people were also encourag to be involved through leading worship twi a year, and through periodic all age worship. Through both the Eversfield Centre and The Broadway, we aim to see our pMiseS used for the benefit of the community. This is often through lettings that provide education, care, exerase or entertainment with the focus on providing this for those toward the margins of soaety. Of note are: Open House This provides regular meetings with speakers, entertainment and Social occasions, aimed at older people from all backgrounds. During 2023 these were held in son with the option to attend via the Zoom on-line conference app. Holiday at Home, providing a projfamme of varied talks and activities held during one wk in August, particularly for those from the thurd), other Mill Hill Churches and the local community who cannot get away for a holiday. This was held on three days (Monday/WednesdaylFriday) in 2023. Britsom, a fami learning programme for British Somali's held once a wk at The Eversfield Centre. Church members also participate in cfMH and other charitsble activities for the benefit of the community locally and further afield. Of particular note are.. Night Shelter.. A Barnet wide multi-faith initiative to provide accomm¢xiation for the homeless during the winter. Church members volunteer when the shelter is hosted by a sister church withirs crMH. Christmas Lunch.. A cfMH inf(iative to provide lunch for those who would othetwise be on their own on Christmas Day, esplalIY the elderly. This was provided by delivering meals to Fple'S homes in 2023. Christian Aid.. Annually memÈers participat&1 in various fornis of fundraising mainly by adapting the Christian Aid 300,000 step challenge and holding a Cream Tea at the Eversfield site. Church memts collectively walked 1.7 million eps.
Page 4 The Gocxl NeighUr Scheme for Mill Hill and Bumt Oak: the church is repre5ent&l on the board of trust and assists in a variety of ways. Post lockdown the has been a strong return to the attivities and support providej. Trinity Church continues to be a Fairtrade Church in 2023. The pastoral of members and adherents is provided by the Elders and Minlsters; visits, prayer, home Communion, and other ad-hoc support Iking provided. Discipleship The Church encourages the continuing joumey of faith of ts members and adherents. As well as the young people's work, the worship leading provides the chance to engage with Christian teaching. We also encourage participation in Lent Study groups and there are numerous study days and other activities provided by the swnsoring d)urches that are advertised to all. Grant Making As well as raising money on behalf of other charities the Church makes grants from its own funds with the aim of SLlPPOrting a bmad range of charities, focusing in part on local needs, and in part on areas of particular ne8J worfd-wide. 6. Financial Review The Accounts for 2023 have b*n compiled on a Receipts and Payments basis, as in previous years, The overall result was a deficit of £21,863 (2022 + £19,301) AhOUgh the change in the out-turn was quite small, the deficit in 2023 was largely in the UnrestrictedlGeneral Fund whereas in 2022 it was in the Designated Fund. Unrestricted Fund The deficit in 2023 was £23.343.' in 2022 the had been a small surplus. However in 2022 income had benefitted from a final insurance receipt of £14,260 for lettings income lost by Covid. The 1055 of income was partly offset in 2023 by a marked increase in Lettings income: but Income from Church properties continued to suffer from Pizza Express's Agreement with their creditors in 2020 to redu rent. This Agreement has now ended. Free-will offerings remained steady. Expenditure was £18,659 higher than in 2022. This was partly the result of an increased payment of £9,624 to the URC Ministry and Mission Fund (payments are based on income I0 years, previously) and partly higher expenditure ors properties. Designated Funds Thi5 fund had a small surplus (£484) whereas in 2022 the had teen a large deficit from use of the Building Fund to fvnd a new floor at the Eversfield building. Restricted Funds This fvnd had a small surplus with interest income and donations offsetting Charitable payments. Reserves
Page 5 The Church's FK)licy is to have unrestricted reseNes equal to six mnths, expenditure. At the end of 2023 SeNe$ amounted to seven months, expenditure. Including a deferred payment to the URC Ministry and MissK)n Fltnd of £25,000 would reju the reseNe5 to about five month's expenditure. Future Prospects In rnt years the Church's finances have been adversely affected by the reduction in rent from Pizza EKpre55. This Agreement has now ended and a rent review is taking pk3ce to detem)ine a new market nt. It is hoped that this will resu]t in an increased rent which wlll put the Church's finance5 on a fim)er footing and make it Possible to repay the MMF. 7. Risk Assessment The risk falls into two aa$. Firstly the potential for loss of income, although voluntsry giving and letting income have recovered to around pre-pandemic levels, we still await the outcome of post CVA arrongements wf(h Pizza Express both to income and potential Pair costs. Secondly, we ty on volunteer support and we a Wking to mitigate the risk Of10 of key personnd. 8. Future Plans The tmo church properties are well design&1 and 4uipped for worship and for outwch activities in the local community. Since Ihe easing of Covid-19 restrictions there has been a strong return of community groups using our premises. The church's work is taking pla in an era of increasing change, reflecw in the changir population in the area the church serves. In its search to serve the congr8Jation and local community, Trinity Churth continues to adjust to changing circumstances, reassess sltuations and explore options. The Church has updated its website and has held seNices virtually using Zoom confen faalities which we are continuing tr) do to allow houseknund members to participate in our activities. In eady 2023 we provided a'waTh spa, for the community at The Eversfield Centre, which was not well attended, but Wa5 well supported by church members and provided a learning experience in considering how test to provide for the needs of the IcKal community and how to communicate this. The EEders are lox)king at how best to use thi5 learning in future community engagement. APPROVED at the Elders M&ting held on Nina Manieson, Church Secretary
Page 7 unltvit Hill A¢ln15ter.' Revd.Davld Newion Chority No.. 1140176 Statement of Financial Activity Year to end-December 2023
Trinity Church Mill Hill IUnitedReformedandMethodlst) Flnancial Statements, Year Endfrd December 2023 RECEIPTS AND PAYMENTS ACCOUNT Page 8 This Year Desn?1?¢ . Res9d FuDds£ FunJ$£ Last Year 2022 Tthd£ Ufflr8slrKed Funds£ 2023 Total £ REceipTS Note VOlunry GMng Offerings". Loose ColleGtion OfFerings.' Planned Gwing Donations.. Chur¢h ActNItBs Donation5.' Outsidg Causes Legacie5 Gift Aid 2,141 28.807 33 2,141 28,807 2.432 29,082 440 2,322 1,343 1,343. 8,103 39,084 8.476 42,752 1.343 40,427 Rtrvgnue Goneration Use of Church Premise$ Manse Rent Electricty GeneratKin Fund Raising Bank & Investments Interest Incorre from Chreh Propertie$ 63,590 25,000 628 63.590 25,000 628 56.211 28,000 597 14,260 1,641 19500 120,209 12 2.666 17,926 109.810 2,496 1,015 6.177, 17,928 113,321 2.496 1,015 cha•tab Funds Church Activities 1.979 3.134 2,339 Totsl rec8lpts for year 1SO,050 4,475 2,358 156,882 165.300 PAYMENTS Costs ol Minl8try Centr81 IURC & Methodisll LorAI 54,583 144 54.583 144 44,737 184 Costs of c11•[}l?tsVitie& Worship Charitable Giving Outrea OtherActivilies 3,512 3,512 3.868 2.666 145 2,895 2,507 1,955 1.061 4418 2.650 1.341" 1.218 1,325 145 4.837 4991 Costs of Adminlstralion Governan Gener31 Generating Funds 7a 7b 7¢ 2,962 21,446 4,404 19,002 21,446 24,408 osts ot Church Prowrtyo5 The Broadw¥y Site The Eve15field Site The Manse PropertÉ$ Administratn Redevelopment Costs 29.7C 23,354 4,093 32,265 24,954 49,901 3,968 29,034 23,354 4,093 32,265 89,418 418 IOT.856 Totsl payments for year. Rec8ipts-Payments 173.390 -23.341 3,991 484 1,363 996.. 184,601 -19.301 -21,861 TRANSFERS b&een funds Long-term mainlenant Charitab Giving 2b -3,MO 3,000 Net Receipts-Payments -26.342 3,484 995 -21,861 -19,3DI 0610812024 12:04 TCMH FY23 SoFAfor2023 v9 111. R&P profMa
Page g Financial Statements. Year Ended December 2023 DISPOSITION OF FUNDS This Year Restr1 Funas£ Lssi Year 2022 Ttx81£ Note unfr Fundy£ Des&n FunosE 2023 Tot¥1 £ CASH FUNDS bd IFY-221 Prior Year Adjustment Net Receipts-Payments-Tran$fer5 CASH FUNDS clhvd 31 December 90.297 36,238 243.746 32 -21.862 262.838 210 -19.301 13 32 -26.342 3.484 * 995 1 90,901 93,781 37,233 221,915 243,746 STATEMENT OF ASSETS AND LIABILITIES Mon8tsry assets Bank Current Account CCLA Investment NC NS&I Saving$ Bond Total m¢)netsry assets Non-monetary assets 92-94 The Broadway (ReStaut) Other Tangible Fixed Assets Totsl non-monetary assets 15 41.309 16.591 33.000 90.900 3.781 233 45,323 16.591 160,000 47.853 15.894 1BO.000 90.000 37.000 93,781 37,233 221,915 243.748 900,000 258,070 1,156,070 900.000 228,833 1,128.633 io Monies Dts8 to th8 Church Gift AKI ReGoverable (Estd) Letting5 income Manse Rent 6,WO 3,254 6,000 1.196 14 estimated Monies Due 9.254 7,196 Assets used for church purposes Buildings under stslutory trusts ChurGh Gonlent5 io io Chur¢h buikling5 and manse Furnishings and equipment 9,966,939 256,070 8.899,051 228,633 As56ts- Church Purpose5 10.223,009 9,127.684 Llabllitles Creditor5 2G E8tlmated Llabllltl8s APPROVED by the Trustees and 8lgn8d on their behalf Datè by Makolm Gill (Church Tr8esur8rl Therths on Pages 1&14 partofths ststement 0610612024 12:04 TCMH FY23 SOFA for 2023 v9111, R&P profonna
Trinity Church Mill Hill (United Refornd andMetId15tJ Finaneial Statements, Year Ended December 2023 NOTES Page 10 AccouNNG POUCIES The financial 51alemen15 have been prepared In aCcord8ncei1h the Charities Act 2011 Settn 133. usiny the Receipt5 and P3ymen15 basi5 avallable lo small charities. anrt the Uniied Reformed Church guidance. FUPID ACCOLINTJNG 2a Unrestrtctsd Fund5 ry be used by the chLwch for any of its dInary purpose8. 2b De51gnated Funds represent unrestricted fjJnds sel asK1e byt chLtyeh fOrspe¢de9fi8ied purwtses", they can be transferred back Inlo general funds al th6 church's dectsion. Fund name & PL¥P08e'. 8&ance . Rttpts . Pafftnts Trans Bal before .. Iniem$t Inteiesi Buildings-Gener Manse Depo8tt Le9acle8 Charitable Gniing HolaAl Home OLrtfeach 20.767 2.217 61.867 21.351 2.217 61.867., 656. 1,422, 3,368 1.741 28 58 -2.650 -937 -754 1.034 2.118 3.103 1,575 404 2.060 ', 3.019 Totsls lordl9ndt0d funds ' 1.979 4.341 3.000 90.936 93,432 U1Ing>Generdl.' The BU11n0> FunllYJfich iifunded tyStrI trDmth8 Fndra bg usedtsrJn routsne evere on ¢huT¢h J11nq$. Manse Dwit. see Note 14. Legac4e5.' Legac5%ch are n$ecttO gPÈCirÈthtt0n ara j9gTrated Fund. bgu59d on the &vwolthe Flnance commite0Thd ddarstopay ltratca5i0n or Winu¥. including. butnotr9Stricted to. enaemtY ChUrCh bJildifWJ$. Lildertak9 newvenIu5 ar rngkit¥J giTrs to ththy0f $upporL Holdayat Home'.To $upportthÈ HIdaY at Hllmgoutr05charlvty, y¢bvibe4 for b53 18 aduNs in SUM. Outreach".ThelThbal wftwAS giYentsupport thoUtreth athvitlesofthe Gmrch pAClaY, bul not excsiV¥. iho8eto be undutskenfrom OutrÈath knltyvhththèchutth dBvdydonthg Eversfi91d Gyr1 Sit¥. 2¢ Restrict8d Furbd5 rewÈsent income which may be expended onty on those reslricled objec18 prowded in letms of a tru51 or tequest. ordonations orgr8nts rec•ved or invited for a putPDse. Thp5e funds can only be Spent ori the Specific purpose forvthich they were 9wen. Jkny b81anr remaining un5ppnl rnusl b2 catri foThvard a5 a balance on Ihatfund for future expendilure on Ihat specffic purpose. or retu[n.. it cannot t al)sort)ed Into general funds. Thefijnds attrad iniefftst Where appropriae. any Gfft Aid ¢0¥ered on Restricted Fun¢5 15 induded in the figure for the rewpt5. The Church's Restricted Fund$ comprise". Fund name & purpose". Balance Bai Pre Intetes E Inierest 8alaDce For ChJrch Acti¥ili8$ Healhfjeld Fund Music Fund RefuFbi$hrnent Youth Fund Br08thv8y Comput For OutSKle C8u$es Appt81s 8tnevonce 181 4.435 20.039 . 186 4,411 30.884 S69 812 -145 30.039 ¥, 25.. 215 1.193 -1.218 221 150 150 150 Total Restncted Funds 36.238 1.343 -1,363 (1. 0 0 36,218.0 1.015 0 37.233 Ho•hfi¢WFupd.. To$upport"MessyChurch and reLiied acbvitieg. Muslc FunLI.. To FaGilitaw, enhance andpromote themusl athMbe$ of th8 Ctturth thmuphtne purdwtofp&lrto other musir41 InsiNrnents. HAJ {HomelossA¢iionlnBarMV-. Tore ¢knnations thiS charityand $usequent payments. R•fW•1rnertFVTr.. A$ ststed Inihe Accounts thi¥ FuThl ¥¥assa to Wovide forihefrni$hin9a fiitingsofth& redpvewthurth. Ilcon&sied of part olthe pri)ceeds of a legacy made Mgindltyto the MethodiSIChwch OIMIII HIII a$ Palmer 8eque5t. When Trinitywas redeveloKed the tru$tee$fortr* MethooiStChurtha#rttdtoprov £70.OWowards th erefuFt¥9hment. mostoftheexwdliu0etU1rta initiklty. And %)mèenwSk9ed ON a ntsvtysnDofiMoan has noibeen rkcegsary. rt Oufundètstandfftg thatAchènoÈ in thèpuwè of uièFuAdVU7d needtheAgreemÈnt of th8lhitrndisichuKh.
Trinity Church Mill Hill (United ReformandM¢thOdlstJ Page 11 Financial Statements, Yèar Endèd December 2023 NOTES- coTrtlnued 2c ROn¢td Funds ICoThtfjnuedl YosthFund.' Thg intslgit fromthe StJamèsa Women's Guih1. given"Farrth the ChIren oft ¢hurth.... OrencOUrage hxal cldren to atsnd lth&Churth}' BrvJrtwJy This fvndtsn set UPV4hgn glonabon WA$ mAde sycfftallyforg rgP8C8mnt computerforthe Churc AdHo¢Appoals.' At vanOu$ bmÈ$ throuonrxrtthe yearleq.. at Efjr, Hot & Chrf$ths>the Church h¥ appea fu gwfKcauses. Th8S8 varyfrom ytt8riDyeai. SincothedonavoD¥ lofa 9pecffjiC causethgyar8treate a$ ResgriGted FuThYsvthhin the¥8AcCJts. hoc appal¥, tr1BtrloThyGrftADl raVered0 thwn areu9uAllydigbLwed irnrnedialgtyfdkpty 1ptthw. foroperatsonal regson. Ihiy ig notak¥ay5 possib. &•v0FUnQ1.. Fwgrfts in IAnd Otherdes•N4 causes • SOdtsCrebC oftheFJinistsr HA8.. H¢A¢) in BOMet4&Al chty prEd Trintirf MONETAAY ASSETS The Church monies ale not t*ld in e998d accoun15, bulforts Sake of Ihts finanual Slaternenl the total of each accounl Is althaled apwopri8tely over the ¥ariou3 lund5. JI intere81 Is received inthalty the General fund and then aprorti(xEd pro rata and IRnslerred tolhe rant fund al the er of Iheyear. Interest has not be applEd toth? Manse Rent Deposll. rhis YeÈr Lasiyr 2022 Total £ uE5d Fund3£ 2023 TO1 £ RECEIPTS FROM ACTIVITIES Fu$£ Church E¥ents Open House Tratdcraft M1 Hill GNS Use of FaleS Toralrecejpls fronyoeraIJ(fyv1teS 1.979 1.144 1.015 1.184 90 1.144 1.155 1.979 4134 COSTS OF MINISTRY URC Central Methodist Centr81 & cIrlI Sutstotsl Mlrnslry.Central 1£25.000 of the Church's conribution lo Ihe URC Minlslry and Mission Fund was defetrÈd until 2241. P2-Bouk AIow8ntte P2-ConsumaNes P2-Enlertaining P2-Travel-Car P2-Travel-Public P2-Telephone 31,284 23,299 31.284 23.299 21.960 22.777 41737 42 144 144 144 144 140 18¢ Sb
Trinity Church Mill Hill (Unitsd Refornwd andMethodl$t) Page 12 Finan¢ial Statements, Year End•d De¢•mber 2023 NOTES- contlnu8d Thsyear R•Cld P0$< Last Year 2,2 TolalÈ Ur(e5thd FursÈ Dpslwh Frse COSTS OF ACTmE8 TO1£ Worship.. TrAalerials Worship.. Mu51C Worship.. Children &yO PeWe Worship.. [¥1 Supp Worship". Information 157 2.630 157 175 2.345 725 375 1512 4512 Charitable Gwing- General Fund Charitable Gin4- DesiAnaled Fund Charitable GIng- Legaues Ft&id Appeals 1.216 3,868 2,170 337 150 160 8enevofence Sutsthl. ChArftable GIV 6b ,.1 1,888 4.01 General." Tr8iniNJ General." Events & Catering General.- Tr8iduaft General.- Promotional Maleri818 General." Sundries Heathd Music 73 752 145 145 145 235 Sy&tsl. Aclivrties.General OLtreath'. Holid8y ai Home- DesvJnld OLrtrea(X." General OLrtreath". Open House sub.t01è." Acbwbes-Outre8ch 937 404 937 951 778 873 602 480 547 n8 6d
Trinity Church Mill Hill (UnitedRofomiedand Methodlst) Finaneial Statèments. Year Ended Dècember 2023 Page 13 NOTES. ¢ontlnufid ThrsY9ar Unresthcted DEd FuntrsÉ Fur$£ LastYp31 2ll22 Total £ 2023 Tow£ FdR OSTS OF ADMINISTIIAnON Governan." Trustees Meetings Governan." Trustees Development Governano." Pri)fÈsonal Fees 7a Sufylotsl- A&1111frort.GtyVeMStt¢¢ General.. Offk? GerEral.' SubsL¥ipts"or Adminislralor St1ts3{." Adm1$1GeneraI 2.962 Z962 2.468 418 18.560 2.962 4,404 2.468 418 18,580 2,794 41 1e,167 7b GwEraliry Funds." Use of Premises GwEraliw Funds.. Olher sub.total A&nynfr.FidS 7¢ USE OF CHURCH PREMISES Ewer$ffidd 32.4Z3 31,t87 63,5 2&133 28.078 55.21f Fttjtn I sÈmLi 2012the Hua Hsie Chinese School wasgranied a >Jwrfea$•lo row wlTrinty san office. Thi¥ lease bg teIrted0t8@ mllnths, notscebyeithetrtY The lCome IS included in thè figurt 2bOvÈ The lea$eMg$ eAnded foia funher S yeats Irom 1 Septefflb8r2022 COSTS OF CHURCH PROPERTIES Eversfield Sile.. Mainlenafjce EversfkhJ Site.. Servi3 Eversfrefd Site.. Security EVerSfte Site.. Insurance Eversfreld Site.. Flat Maintenance Sutsrotal.. Eversfieldstte 4,446 14,340 1.739 2.719 4.446 14.240 1.739 2.779 so 38.431 5.689 2.484 210 21354 Manse.. Maintenance Manse". Sem$ {hKI. CotJnLI Tax) Man5e'. Insuran Man5e'. MisLIalo5 Su1.. Manse 2.521 2.521 2.565 1.572 1.572 1.403 9b Broad%vay Si18'. M8inienance Broadway site." Services Broadway Site". Security Broadway Sile.. Insuran 9.219 10,204 5.2S6 5.027 9,219 10.204 5.256 5.027 6.371 10.060 4.539 24.95rf 9¢ Management C051s Careiakng Insurance Pension Cosls Sub.IOtsI' OlherPaymenls 30.195k-.' 199 1.871 30.195 199 1.871 1.693 38285 29, 27.146
Trinity Church Mill Hill {United Reformed andmethodtst) Financial Statements. Year Ended Dèeember 2023 Page 14 NOTES- ¢ontfjnu•d 10 SET9 USED FOR CHURCH PURPOSES The folkhwng Church premises are ve81ed n the URC Thames North Syrod Twsl as Itusiees and 8re not Church assets. They are he for the beneftt of Trinity Church M] Hi11 in accordancewilh the slalLrforytrusts 3pplicatAe lo URC propertie5 under the URC Act5. The Valualions for Insuran purposes are as sho¥vn. Broadway S. Part of the Site ks le8se(S lo Christian Action (Enfieldl Housing Assou81ion undera 12&year a5e. The former Union Church buitdiw on the siie is not included in Ihe lease Thi8 buildirvJ ha5 been redeveloped and was handed backto the Church on 18 January 2012. It 58 nowin reguK8r use a5 a and outreach cenire. Tangible fixed assets are uded ifi Ihe Contents fi9ure below. EVer5f1& Slte. This building is now LBed mairfyforoutreach actiwlS. TangiNe fixed assets are indLvJed in the Conlenis fgure below Thtr Manso.. Church has no moveatrje assets al the Manse. AJI fixwre5 are induded in the Ir6ured value of the buiklirKJ. The Manse 15 tu>wletto a tengnl. Tr lease can b2 terThad on 3 months notlce tyeitherp8rty. •mls•s {IR5urgdvalts•sJ 8LrfIthRg Broadway &ie (The8ffjsdwèy. LonthnPIWJ Evetsfiek1 Site [11 EvetsfieldGdns. LontsnFth7) Manse136 TheR8Lkthgs, Ltskon NWT) TOTAL 6,349.375 3,067.491 550,073 9.966.939 185.651 70.419 256,070 11 INCOME FROM CHLIReH PROPERMES A rent Review lor 92-94 The Broadway le8se¢ lo Pizza Express Re5tsurants dLE inAwu5t 2019 wa5 ncl COMeted befDre ihe onset of Covid-19. Zza nOtIated 3 yearcompany Vdunlary Arrangem&)t in Seplember2020 underwhich thr rentwas re(fuced from £50.000 p.a.l0 £17.500 p.a. £2,000 Ground rent was rec¥ved from I1 Lease ofpart ofts Church Broadway site lo Christian Ad IEnfiel¢l Hous 12 INTEREST Interest is di$lnbLrted 10 Ihe Gereral. Restricted and Desunaled Funds in proporbon to Ihelr batances at DÈcember 2023 ynth the Èxcepb'on oflhe Mans8 Rent Deposit Fund. HAB (Horne$$ Action Bameti. and any oulslanding Appeals lolal. 13 PRIOR YEAR ADJUSTMENT A pawneni of£32 made in Deomber 2022 wa5 in¢orreclty Idenlrfied 35 an online Iranser $OWdS Th)t aCtir1. 11 did not affect the bank balance, bJiwas Induded in accoun15 as a debrfL. 14 MANSE RENT The sh(thkl tsnancy agreement and 8 agreÈNnl toenabk a thIdmI5n9 business %WdS negolialedand agreed, commenung 1s1 J8nuary2018 and rewE£l in O(iober 2022. The Deposit Is Insured My Depo541S. a trading name of Tenancy Deposit Sdulions Lld. 15 BANK CURRENT ACCOUNT The prirned bank ba18nce ai the end of 2023 was £45.838 92, Ihe oulslan(th'ry creditor8 £755.49 and debtors £240. giving a true balance of £45323.43. as shown. TREASURER'S STATEMENT I have prepared the financail staterrEn15 on pages 610 14 fortheyearended 31 Dec8rnber 2023 from Ihe aGcountry recwds ofV* CtwJrch. Malcolm Glll. Church Twsiirer
Trinity Church Mill Hill (United Reformed andmethodlst) Financial Statements, Y•ar Ended December 2023 Page 15 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES l pOrt on financkql stslements ofTfinity Church Mill Hill (United Reformed Wthod1 forlhÈ year ended 31 Decerrtr 2023. %lch are setout page5 8t0 14. Rospon8lbllltl88 and ba84s ol report % Chariiws trustees you are re5ponsib for the preparation ofth8 accounts in accudance wlth the requSrements of Charities Act 2011 I'lhe Acfl. I reporl in respect of myexaminalion ofihe ctrp8fiW$ accounts carrled out undersecbon 145 of the Act 8fKI in carrwng out rny examinatyon I have folbwed all Ihe applicable DireLion$ given bylhp Charty Cammi*an under section t4515IObl ofthe Act. Indgpgnd8nt examlne¢8 Statomont I have compw my examination. I conflm that no m8tsrLql m8tters have come to my attention in CneCtiOn¥th the examlnalion givlro me cause to believe thai in any material respe.. 111 aco)unllrg reMrd8 re not kept in respectollhe dwrity as required by5eGtk)n 130 of the knt.. the accounts do notarxord those records SvJned .Brian HDSi¥, F¢... Dale.. 109 Derwenl Road Palmers Green London N13 4QA