THE HAMPSTEAD GARDEN SUBURB FREE CHURCH (Registered Charity Number 11412581 Annual report & accounts For the period from I, January 2023 to 31" December 2023 TRUSTEES REPORT PAGE2-4 EXAMINERS REPORT PAGE 5 RECEIPTS & PAYMENTS PAGE 6 STATEMENTS OF ASSEfs & LIABILITIES PAGE 7 TRUSTEES, SIGNATURES PAGE 7 NOTES TO THE ACCOUNTS PAGE8-9 THE HAMPSTEAD GARDEN SUBURB FREE CHURCH IRe8iStered Charity Number 11412581 Annual report & accounts For the period from I, January 2023 to 31. December 2023 REPORT OF THE TRUSTEES The Elders. actin8 as Trustees, are pleased to present their annual Trustees Report tO8ether with the financial statements of the Church for the year endlng 31 December 2023. The financial statements comply with the Charities Act 2011 and in accordance with its section 133111 show Receipts and Payments accounts for the year as well as a Statement of Asset5 and Liabilities at the year end. Oblectlves and Actlvltles At the start of 2023 there was no minister in place, but the Elders continued to run the Church so that it could undertake its full range of activities until the newly called minister Rev Aled Jones took up hi5 Post on I September 2023. The purposes of the Church a5 defined in its constitutlon are.. l. The advancement of the Christian faith according to non-conformist principles,. 2. To seek to advance education and to carry out other charitable objertives in the Unlted Kingdom and in other part5 ofthe world. When planning activities, the Elders have consldered the Charity Commission 8uidance on public benefit, particularly the specific guidance on charities for the advancement of reli8ion. In furtherance of the first objertive the Church provided opportunities for public worshlp every Sunday of the year and additionally on special occasions as required by the Christian calendar. Sunday morning services remain live streamed. allowlng people in other places to participate as well as the congregation in the Church buildin8. In September 2023 evenin8 services were introduced for contemporary worship. at 6.30pm on the third Sunday of every month. The Church was available for baptisms, weddings and funerals to anyone whom the Minister considered wa5 making a genuine request for such services. Hampstead Garden Suburb Free Church is committed to encouraging its members to represent, individually, the intentions of the Church in the particular contribution they make not only to the immediate community, but also through paid or voluntary activity to the wider communitv. In furtherance of the second objective during the year, the Church provided opportunities for all to consider together important social issues and moral dilemmas in terms not only of Christian theologians, but also secular theorists, through discussion groups covering an established programme of study. These discussion group5 offered an opportunity for spiritual, moral and intellectual development. Online meetings for Christian Meditation were also held, to encourage times of quiet and prayerful reflection. THE HAMPSTEAD GARDEN SU8URB FREE CHURCH (Registered Charity Number 1141258) Annual report & accounts For the period from I, January 2023 to 31, December 2023 REPORT OF THE TRUSTEES Icontinuedl The Church was glad to continue to help facilitate the work of the Wycliffe organisation through its financial support of a Blble translator. It has a150 raised money for Water Aid. The Church has continued to focus on mental health and malntains a relationshlp with the Dennis Scott Unit of Ed8ware Hospital. At Easter and Christmas. and at the time of the Wimbledon tournament, gifts are provided for the patients in the Unit. The Church has continued to focus on the poor and homeless, and has facilitated giving to a local food bank. Following the end of the Covid lockdowns the Church continued to support the work of Homele55 Action in Barnet, and in 2023 resumed hostin8 a night shelter one night a week during the coldest months of the year. The Church has been overjoyed to have the services of a full time minister after an interre8num of 17 months. Achlevements and Performance The Church remained an active participant in the lives of its members, ensuring that people are 5UPPOrted and cared for. It has also been a contributor to the wider community in a variety of activities, Flnanclal Revlew Unrestricted donations were £6.000 down on the £68,000 for 2022, but revenue from the use of the hall and church, bazaar and other sales increased by £18,000, more than making up for the fall in donations. The Church concluded an extensive programme of Manse refurbishments, in readiness for the new minister to move in durin8 August 2023. Deducting £172,000 regular spendin8 from the £188,000 revenue would have produced a £16,000 surplus. However, after the Extraordinary Item of the £132,500 spent on major refurbishment of the Manse, there was a deficit of £116,500. The deficit was partly funded by encashing investments, realising £74,000 plus £245 from a fund deposit. However the remaining value of unrestricted investments at the end of 2023 was only £42,750 less than at the start of the year, so the investments retained had increased their value by £31.500. Reserves Policv The Church's policy is to maintain a balance on unrestricted reserves of at least nine months, unrestricted operating expenditure Isay £130,000) to cover emergencies. THE HAMPSTEAD GARDEN SUBURB FREE CHURCH IRe8lStered Charity Number 11412581 Annual report & accounts For the period from I, January 2023 to 31. December 2023 REPORT OF THE TRUSTEES Icontinuedl Structure. Governan￿ and Management The Church is an unincorporated association. The structure and functions of the Church institutions responsible for its governance and management are described in its constitution. The institutions concerned are Ministry. Elders Court, Deacons Court and the Church Meeting of members. Elders are elected for 3 Year term5 and act as the Church Trustees. with certain areas of governance reserved for the decision of the Church Meeting. Under the leadership of the Minister Elders are responsible for the Church's overall management. On occasion, Elders as Trustees meet to discuss trustee matters. Particular matters concerned with the upkeep and refurbishment of Church properties are delegated by the Elders to the Deacons Court and to a Buildings Committee. Under the chairmanship of the Minister. each Court 15 scheduled to meet regularly throughout the year. On occasion they will meet jointly when matters under discussion make that appropriate. Continuing with the pattern set during the ministerial vacancv, Elders and Deacons met jointly during 2023 except in November. Ordinary Church Members Meetings are convened quarterly throughout the year. When issues arise which require more immediate Church Meeting consideration and decision Extraordinary Meetings may be called in accordance with the provisions laid down in the constitution. Reference and admlnlstratlve detalls Address: Central Square, Hampstead Garden Suburb, London NWII 7AG Trustee5'. Joseph Fryer Julia Fryer Rev Aled Jones (from I September 20231 Muna Levan-Harris (from 19 December 20231 Carole Lindfield Ito 11 June 20241 Derek Lindfield Ito 31 December 2023} Josephine Morris Richard Orme Lorna Page Verity Smith (to 31 December 20231 Mary Stacy Penny Trafford THE HAMPSTEAD GARDEN SUBURB FREE CHURCH IRe8lStered Charity Number 11412581 Annual report & accounts For the perlod from I, January 2023 to 31, December 2023 Independent Examiner's Report to the Trustees of the Hamp5tead Garden Suburb Free Church (the 'charity'l I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2023. Rosponsibilltles and Basls of Report Tru8t•e8' r•8ponslblllt1•8 As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requlrements of the Chafities Act 20111'the 2011 Act'>. Independent Examlner's responslbllltles I report In respect of my examlnation of the charlty's accounts carried out under sectlon 145 of the 2011 Act and In carryln8 Out my examination I have followed all the applicable Directions given by the Charlty Commission under section 145151(bl of the 2011 Act. Independent Examlnerfs Statement I have completed my examination. I can confirm that no matters have come to my attention In connection with the examination 8ivin8 me cause to belleve that in any materlal respect: l. accounting records were not kept in respert of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records. 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 accounts to be reached. Dated., 25 September 2024 Andrew Thomas ACA Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS THE HAMPSTEAD GARDEN SUBURB FREE CHURCH (Registered Charity Number 1141258} Annual report & accounts For the perlod from I, January 2023 to 31. December 2023 Unrestrf¢ted Restricted funds lunds 2023Total 2022Totsl Al Recelpts from Donakn"ons Grants Othertrading a￿￿tieS In%estmenl 62.136 £ 1,302 £ 63,438 £ 71.596 3,000 107.483 672 525,574 £ 352 £ 125.574 £ 77Q £ 418 £ Total recelpts 18B,062 £ 1.720 E 189.782 £ 181.751 A2 ¥isset and Investment sales In*strm¢ntsales Totsl asset and investmentsales 74.(M)O £ 74,000 £ A3 Payments on Isty& Mssion Churth costs Ha11 costs nse costs T￿IdCrafte>p9nses General ew8nses Re5tiicted Donations 61.752 £ 37,085 62.249 £ 136.317 £ 1,477 £ 63.229 £ 37,085 E 62.249 E 136.317 £ 76.174 44,796 16.544 16.114 885 7.575 5.972 7.133 £ 7.133 £ Totsl payments 304.536 £ 1.477 £ 306,013 £ 168.060 Net of recelptsl {paymentsl P6 Cash fvnds last5ear end Cash fundsthls yearend 42.474 £ 73401 £ 143 4 42.131 £ 73401 £ 14.691 30.927 £ 243 £ 31,l?O £ 73.401 THE HAMP5TEAD GARDEN SUBURB FREE CHURCH (Registered Charity Number 1141258) Annual report & accounts For the period from I, January 2023 to 31. December 2023 UnrestrScted Restrftted funds funds Notes 2023 Totsl 2022Totsl 81 Cash funds Bank deposits Fund deposits Totsi cash fund I9,9￿ £ 1.166 É 31.166 É 73.1S5 346 19.904 £ 1,266 £ 31.170 C 73,401 82 Other monetsry assets HNfeC IGiftAdl Counul tsxokerpoKI Total Other monetsry assets 10.610 É 10.610 £ 10.399 582 10,610 £ 10,610 10.901 B3 Investmentassets CIJF Chanb85 Inwstynent Fund C(XF Chanbo¥ &obBI Equity Fund CIJF Chants¢$ Fi*d Intemst Fund Totsl Investment •ssets 3.721 £ 171.866 É 53853 £ Is,Joo £ 19.021 £ 171.866 £ 53 853 £ 17.420 198.910 229.440 C 1S,YOO ( 244,740 E 285,950 B4Assets retaSned for charlt¢s own use church building In Central Square, the VAns• in C&ntral Square and th• Halls Compl•xin Nothway#r8 h•ld on trJ8t bylh• London 8aptsst Property 8oard for purpo8e$ connected wilh Ihe H8mpsto•d G8r¢an Suburb Fm Church. B5 Uabllltles Countil tax Tr8idcr8ft suppliers D•si9nat•d ￿11•¢)￿n* 1.331 E 1.332 £ 75Q 4.685 É 4.685 £ 250 Totsi Lq$ets less 11obilitses 265 269 E 16566 £ 2818JS £ 370 011 The accounts have been approved by the Trustee Meeting on 24 September 2024 and Si8ned on its behalf by l Trustee........................ .. Name/position... ......... 2. Trustee..................... ......... ..... Namelposition.. P.: 4:rpA.-FrE..LJ.........S.kz£trTftfR r THE HAMPSTEAD GARDEN SUBURB FREE CHURCH (Registered Charity Number 11412581 Annual report & accounts Forthe period from l January 2023 to 31 December 2023 SEcfioN C - NOTES TO THE ACCOUNTS NOTE I The Hampstsad Gorlon Suburb Free Churth fulfils the cntaria tsfa small tharityacDJrding t) Ihè Charitiw Itt 1993 S6(*on 42131. The a