MUSWELL HILL UNITED REFORMED CHURCH CHARITY FINANCIAL STATEMENTS From I" JANUARY 2022 TO 31st DECEMBER 2022 (Charity No: 1142465)
MUSWELL HILL UNITED REFORMED CHURCH CoNTEs of the FINANCIAL STATEMENTS FOR YEAR ENDED 31" DECEMBER 2022 Pages Elders, and Trustees, Annual Report Ito3 Statement of Financial Activitles Balance Sheet Notes to the Financial Statements 6t012 Treasurerfs Statement 11 Independent Examinerfs Report 11
The United Reformed Church MUSWELL HILL UNITED REFORMED CHURCH CHARITY (www.muswellhillurc.org.uk) Annual Report and Accounts for year ended 31 December 2022 Muswell Hill Unlted Reformed Church Charity Is registered charity number 1142465 l. Objectives The objective of the Charity is the advancement of the Christian faith for the benefit of its members and the public in accordance with the Basis of Union of the Untted Reformed Church. The Charity provides regular public worship for all. promoting the Christian faith and teaching the faith to all ages; it provides support and development for children and young people. In addition, the charity provides services for baptism and membership, weddings and funerals. It also serves the community. giving pastoral care and support to members and others in need. particularlythose who are bereaved, or in sickness, distress. or poverty. Slnce the completion of our remodelled building in 2019, we are now able to offer accessible space for local community use. Community groups can rent a variety of rooms {some with tea bar facilities}. an activities hall, and a café space for regular artivities or one-off special events. 2. Actlvities Sunday Worship has taken place in our newly refurbished Chapel since September 2019 with special services in the Upper Room. Regular Sunday Worship is provided. Eucharist is held monthly with an open table policy, this has been presided over by one of the three members of the Worship Committee Team. We also hold regular, more informed Cafe Church services in our café area. In addition we provide supplementary Services at Easter and Christmas to celebrate these significant Christian festivals; and on occasions we share Worship Ecumenically with the local Methodist Church. We are examining other forms of worship. A weekly community café runs all day on a Thursday. WAVE Café (Where We Are All Valued Equally), are 3 local community group with a Christian ethos that primarily has a focus for young people with learning difficulties and challenges. WAVE also uses our premises for other activitie5. We are pleased to be working towards a long-term partnership with this group. 3. Achievements and Performan The mission of The United Reformed Church @ Muswell Hill is to offer all-inclusive worship, to witness and serve as a body of Christians working together in Muswell Hill. We also aim to serve individually in our local communitie5 and places of work. This we endeavour to do through: Worshipping God, in our daily living and together as a gathered community on Sunday mornings. Reaching out to share the 805pel message of Jesus Christ with those whom we meet. Providing a welcoming and hospitable place of worship for all. Providing an opportunity for all people to learn about the Christian faith. Providing hospitality.. lunches and social events. and support to community groups in our building. We pray that with God's help and guidance we will be able to share and witness to all these things and develop a deeper spiritual awareness of the Christian faith in the Reformed Tradition. We will continue to
share the Christian message with other people in the hope thatthey too may come to know the love of God and serve our Lord Jesus Christ as disciples. 4. Plans for the Future The Elders meet regularly to review reports and to plan special events and other activities relevant to the life of the Church and our visitors. 5. Flnancial Review The financial statements show the consolidated income, expenditure. assets and liabilities of the charity. We are pleased to report that the Lettin85 income is increasing as people get back to normal after the Pandemic. We have had to rely on liquidating some of our investments and taking loan5 from the Synod to maintain our cash flow. The Manse has now been Let and the income considerably improves our cash flow. Introduction The accounts are presented in a format that follows the requirements of the accounting regulations introduced by the Statement of Recommended Practice 2005 for Charities with an annual income of less than £250,000 and interpreted, as approved, for religious orders. Pages 1-4-Trustees Annual Report These pages contain the annual report of the Trustee5. which cover the following aspects: Administration. Organisation Structure, Objectives, Achievements and Financial Review. Page 5 - Statement of Financial ActivitieslGeneral Funds This statement is a receipts and payments account and combines all of the Church's funds together. It shows separate columns for the General Funds, Designated Funds and Restricted Funds, all of which are shown in detail on the subsequent pages. The General Fund represents the funds that can be used for any purpose without restrirtion. 2020 income and expenditure is compared with that for the previous year. Page 6- Balance Sheet This page shows the Church's assets and liabilities. The °tangible fixed assets" comprising the church, the manse and tennis courts, being vested in the United Reformed Church Thames North Trust as trustee, are not capitalised into the accounts. Page 7-11- Notes to the Accounts These notes provide technical information about the basis of preparation of the accounts. Pages 10- Deslgnated Funds and Restricted Funds Restricted Funds are those that can only be used for the purpose specified at the time the funds were received. They include the Communion Fund. URC Commitment for Lrfe fund, UNICEF'S Mites scheme etc. (set aside for donating to local charities}. Page 12- Report by the Independent Examiner
This Independent Examination of the accounts is a requirement of the Chartties Act 2011. Whilst les5 comprehensive than an audit. it is designed to be suitable for an organisation of the Church's type and size. 6. Strurture, Governance and Management The Elders are chaired by Margaret Lion. We currently have 6 serving Elders who are the Trustees of the Charity and have oversight of running the charity. In addition. the Finance and Fabric Committee and the World Church Committee support them. The Finance and Fabric committee (comprising of the Trustees and 3 church members. including Treasurer) manages our estate: The Church, the Manse and the Tennis Court site. In addition to this we employ an Administrator to manage the hirin8 of facilities. which includes raising hiring agreements and appropriate safeguarding and H&S paperwork for hirers. oversight of the day-to-day housekeeping issues, as well as general administrative work for the church. i.e., printing service sheets. updating policies, posters and production of our monthly Magazine. 7. Reference and Administration Details Mu5well Hill URC, Queens Avenue, London NIO 3NU Chair of Elders Margaret Lion Administrator Tessa Manning Tetherdown News Editor Treasurer margaretlion@hotmail.co.uk mhurctetherdown mail.com stannardlOIO mail.com adrian.stannard btinternet.com stannardlOIO mail.com aol.com 020 8442 0386 Pat Stannard Adrian Stannard Pat Stannard Ignatius Adu Safeguarding Officer Health & Safety Officer dubosom TRUSTEES MINISTER: VACANT Ignatius Adu. Sylvia Mannering, ELDERS- Meryl Harries, Pat Stannard. Margaret Lion, Helen Ogden
MUSWkLL HILL U.NITED RbFORIIED CIIURCH CHARITY STA TEMENT OF F1Tr4ANCIAL ACTIVITIES FOR THE YEAR ENDED31 DECEMBER 1022 Unrestrided Funds GEneTI Designted Restricted Vuthds 2022 2021 INLOMlhG RESOURCFS Inctsming rtwurccs from generated funds-. Voluniary inwTn¢ A¢¢ialIcS for generating funds Inv¢sirn¢nt incornt Total inconjing resourfes 14.176 60.154 55 74.385 3.076 10,407 9.446 26 25,878 60.154 5S 77.461 3.076 RESOLRCES EXPENDED Charitabl¢ aLlivilies'. URC Ministry & Ilis%ion Fund Minisr¢rial Costs Costs of church aciiviii¢s Rrslrirled dunaiions passed on Total resources expended 14196 33535 44980 14090 2,290 5.372 30,763 44.980 3,081 12 i.081 3.081 93.412 Net incomiBgllout2oithg) resourtes before other retognised 2IT15 nd lossts {19.0271 119.0321 114,138) Giinslllossesl on investsn¢nt ss¢ts 3.585 3.585 P4¢t incre5e(dtcre*se) In funds for tke ye4r {22,6111 151 (22.617} 18,8831 Totsl fuDds It bexintsing of yesr 16.444 574 17.018 25,901 Total fllnds gt end of year 6.167 569 17.018 The notes on pages 6 to 10 form part ofihese financial $14tements
MUSWELL HILL UNITED REFORMED CHURCH CHARITY BALATriCE SHEET AS AT 31 DECEMBER 2022 L'nrdtritted Funds Gener*1 Desjon¥t¢d Restricted Fullds Total 21122 Totsl 2021 Not¢ FIXED ASSETS Invcstments 33.099 33,1199 CURRENT ASSETS r)ebtors & prepayments Bank and Cash balances 10 1,309 21.3?] 22,631b 1,309 21,890 23,199 1,533 569 569 14,819 CURRENT LIABILITIES Cr¢ditors pavable M'ithin one year 61,896 61 J96 61,896 61.896 34,484 34.484 NET CURRENT ASSETSILIABILITIF.S (39266) 569 (38.697> TOTAL NET ASSETS (6.167) 569 5,599) 17,018 THE FUNDS OF THE CHARITY Income Funds.. General Designated RtstriLted Income l.und5 (From SOFA) (6,167) {6,167) 16,444 569 569 569 5,599 574 17.018 TOTAL 14 6,167 APPROVED by the Church Meeting held OD and signed on its beha5f by the Chair The notes on pages 6 to l O forn] part of these financial stst¢ments
fvIIISM'ELL HILL L'ThITED REFoRD CHtTRCH CHARIn' OTES TO THE FIN.LJCLIL 5T.4TEMETs FOR TIIE I'KAR fr.'NDFD 31 DF.CLIIBF.R 2022 AC.f.OIINTIC POI.ICIES Ba515 oIA¢tountin2 The findnc131 tsialements ha¢ bLxn prep3red the Charit$ ALt 2011 Lxmnply with thB Statement of Recommended Practiee SORP ffRS102. PTthTrouslv SORP 20051 and 3J50 sued by th¢ Chanty CommkS5iorL and th¢ Uniied Ref(med Churr4L The accTuals b&is of a¢¢ounting bccn adcyted. •Jd the tKincipal x¢rMlllling wli¢ies set out bcloi¥ are appli¢d roK5iSteny. Fund Accounting Apart fiom Ihc 5¥slriri¢d fundb- refeir¢d lob¢kn¥", all othcr futth are avèilabk for w al the a¢[ttl rthL' Lhiir¢h in furEherance of 115 charitsblc obj¢ctiveg Thi$ indudes the 8£3j desiat¢d R¢srricted comprise ty)Il¢ctions made thtoughout the yepJ lorou15idr causes and w¢ I1 & the disp(wi of thc Church Merfing foT aDyothtrpvvpJse. T¥n¥ible A55et5 Freehold pytsptrt): The TEUStees ¢hurth mansebthlding5 15 tr tJRC Thaus Nwth S)Th)d Tiusl hL)Id IkKin Up tnLSi foF ¢wnected 7th Muswtll Hill IJRC. CYpendiiur¢ Irtd th¢ thurch and Is tten off in & ytw li is rKurred. Eqptl- ExJKrtd1iÈ¢ on equipment ts the ar il is irwed InvestlTrEllt xkselS:'lThe5¢ are sw¢d ai tnid4Ztatkei vaiws (x) thE balance da. Changts in valuation ovei th¥ yetr are re¢iwised in the Ststeml of Financial Acniities. Id Incomlng Ruour¢e5 All voluntary givin8 and ChuTch fundraising events & activities art in¢ludEd LD the fl81 swements for the PLrri(xl iD whith it 1$ Tete4ved. The SOciated lax recovery for donaiions Gift Aid 15 in the &¢018 y¢ar the relevant t% year o¢curs for the donatioii. Legacies are accounied for when their r¢t¢ipi is certain and be w0rIY quall1]f. All othEr incotne is generally rewiyel whetL it is ieceiv•W¢. Resourct5 Fxptndtd The URC Ministyv & Furtd contriTruuw p2idre8Utarly and is in the financial foi th¢ y¢8r 10 which il relates. Resourc extnd&l re15¢0 in 10 which incurTYd attd iduth allriThurabie VAT ¥vhich cannot bc TW)ver¢d. They are ka¢¢d lh¢ partIcaT ¢]7(). which the) teiate. As rnost vf thc managemeni and acts1). of the chuTch is cried ou¢ by [unitS. inlanwbl¢ is noi In¢lud¢d in the financial siatemcnls as this volunw Contribut to the life of the Ch is mcoicu]able. Txxatiotj 'Ihe chuTch is [egitred a charrty undei th¢ icrnis of th¢ Chatiiies Aei 2(K)6 11424651. A¢cordingl> li is p¢1191Y ¢xempt from i&xatw)n in respect of inconK and Capi 8ains (eIVed lo ihe cxl¢nl t11 sv¢h income or gaiRS are typlied to excl[¥¢ thwithbpU1tX1Stt. No prwision r i&Ka110n has b¢¢n made u] thes¥ r)n)¢1
SWF.I.I. ITiI.i. iThrrED RF.FORF4fF.D eHLtRCII CIIARrrY NO"fESTO THE FIN.1Tr4CLIL sr.4TENIEYrs Oli'lll& YLAR LNDED31 DECEIIBLR 2022- ¢onti•4td u#rlitI¢d Fld5 Centp41 Rt5trirtrd FuJM15 ZO2Z 2021 VOULUNTARY INCOME frreewill offenn8S Cash offerings Tr)natiors ncomcT&X refunds uNierGiftAid &691.(rf1 789. 1.730. 2.94X9D 20.00 1{175.94 Ilb76.fjQ 11,767.fj 789.04 1,7311.00 1,944.90 20.00 17241.94 11563 1.792 3,Q76.INJ 16.407 ACTIVITIES FOR GENIERATING Fi..N R¥nls- TenThclub L¥LUngs MANSE Rtn o. i.000.00 27.2O5.46 31,948.44 60,I54.00 273O5.46 31,948.54 60,154.rrt) 8.446 9.446 INVkSl"fvIENT INCOME DivideTh Bank InteFesE o. o. 26 29.37 29.37 26 hltNISTRY & MISSION FLTND T[ (buh contrjbutes Èo URCcosts oftrauJiTr8 a1 rAV¥8]nliste[5[IlhÉ the CentS¢4 pawem Ofstid5. FYIL8TOll c17blAlS OTkn for BUe[S}.[lIthe d¢JKWHS2DtyL Ihe lder Missi{ ofik Tratsor thh. ThL5 onnyal tthgetamxuts £25Milli, grh reles to minisiercosts, aj is prthNled thrOu8h MinJsty& Miksion Fund contriEXrtHw fioTn thurth. Amowts P In 2022". 14,896 2021". U90 L.Mvtstri¢ted GenerAI Restfitf ds 21J22 -%IINISTLRL4L L()STS Trkwcl 89 1242 2.592 22.i43.72 22.543.72 Mat¢ CoutKil mat wer oo) 204.92 809.59 204.92 809.59 732 207 450 Ministri'5 ft05 VLSltin8iniiii51tY o. 3,4110.rM 6,458.99 33535.38 o. 3,40o.rN) 6,458.99 33,534.3 OD 5,372
MliSWF.I.I. IIILL I,liTT8D RL TrORNIF.DCHLRCH CHAIUTV NOTESTOTIIF. FINANC.IAI. sfAI'F.IIF.YTS OR THF. YF.AR ENDED 31 DF.CEMBF.R 20Z2- ¢rfJ•li•wed Urtrtstrieled Funds GeDtTI liestritted Funds 2022 2021 DuiEntrd ? f.0ST5 OTr CHURCH AcrtvtTIES Church costs.. Admink8tr8lion Costs Accouniancy Feeg Insurance Rubbish Coll¢ctson Wai¢T rjtes maten¢e- Church Clcaning Gas and El¢ctiicity- Chwth 9,152A6 1.413.12 4352.13 9.152.86 1,413.12 4.95113 8.619 1.106 4,745 450 23.86 11,582.95 IlJ82.9i 3.7i3.87 6.18.SJ9 37.0(A.18 5,774 1.029 4.5fj8 26.367 0.00 6,185.39 37,(164.18 communicatio.. Printin& siaiionery gnd advesrising Telephor*lBroadband Postsg¢ Manse Pknne 612.83 612.83 850.14 108.90 402.80 ,974.67 735 754 0.00 108.90 402.80 1.974.67 000 0.00 796 2,501 Otrr expenses Orwtsts Piano Tuning l+new Sun¢Jry ¢x[S CLI.] Syftod Overdraft Ex¥ Bank ChJrg¢s 2,795. 2.795.00 0.00 ,959.90 133.110 971.89 1.350 40 282 127 1.959.90 13J.( 971.89 5.941.29 4,941.29 1.895 C05T Utr CHUMCH ACTIVITIE5 44.980.14 44.980.14 30.76) TANGIBLE FLXED ASSKTS ForU)t reasons slated In Accouniing Policy lc.the ¢huJch¥KI thanse bJikJin8swE nOttsn8iNe fiwj assetsot lh¢ Lhurcll Foi insutancc wtPQ5C5 tht thurch Insur ihts¢ lIdJ08S forthe ÈttK)unts". Church" £9.%U231 Manse. £lm Th¢ Church iontents are InsurEd for£346.938 llThithc MwrttMttnts£15J21 IV.%].mE5T AETs The invesltngni held at Ihe b213nCe sheet date ¢ompnse'. cotF b)liesettI ufti UDr¢slrirted F4ids R¢slriit¢ 2022 2021 33.1YJ9 33.1199 33.099 33.099 36,683 36.683 Th¢ mov¢m¢nty investments over )r3r weTe." Valu¢ ai l January 20?2 n[eised 8din{lOS5¢sI on r¢valuario Value at 31 tkLunber2022 36,68J 36,683 3,5851 J3,099 ?1.428 5,2)5 36.6x3 33.099
MUSWELL HILL IIThTfED REFORMED CHURCH CIi4RITY NO'I'ES'I'O'I'HE Tr'IN.4NCIAL SfATE.%IENTS FOR TFIE YEAR ENDED 31 DEcE1BF.R 2022- Lttre5trictEd Fmn Gc]Ltrnl Rts¢ricTed Futsd$ 2TrZ2 2021 CURRENT ASSETS Ltttjngs DebrLY IJO8.96 IJO8.96 1.308.96 IJ08.96 C.'I.'RREYf LLIBILITJES LrcdiLot5 tkpo¥iiS for Kty Fobstt Sjllod Covid Svmd Overdtaft tffjqn 714.(WJ 950.00 o.( o. 714 00 950 00 18.51800 695 450 41,714.13 61.896.A3 14.8?0 61 596.13 S)Mdkn5proWFfj CoTid19£MepywLxrt¥ttTrstctfi¢altshelprt RLSTRICTED FVliDS- fvr•lltsNlt t•leX SlfiL 8ifvs.at diffrrenitimes the yfdr moniesaT¢ raised inthr ¢hrft05upwxiswfic prtsJecrs thmitmvrti for Lite. this anetsyork rfuniied fiuxts f¢Kaui#w• Aid 2nd die Wodd [k1•Pttth Mo%ernent Thr0u8knWthe[D[5 rai tn ated¢voW ioth¢ COlIm¢nI Iw Lift ('omrnunion cdlcctiDTIS. thtse art deSIgted forthe VOk1% o(thpthwclL PeTlie tlw fuThLs Areallocaitd byChur¢h MccLill8 To. mnI kKal. chariim in 1)ith chwthllxu)ixr5wv The moV¢ttK'nOn the FuY¥tsdurJngthe ve2r wete". Specific I'O'I'AL Ha1Ce brou8M forward l Janw 2 AmoLllts liSed in ?0?? TO1 io DIStributed Distriblon5?8rCtd Irt 2022 Balan¢¢s¢amed lorward 31 Dervnlxr2022 160.00 iW.34 469J4 469 i4 573 80 3.076(KJ 3.649 80 i.UBI 47 568 33 1.6&3 91 J.719.l3 1,46lJ3 9CKI Tr) chrisiianAidryrdcrdA1J[I1eAJ%an1JwfftWIslshtIrthKI b The Cotnmunlobj doiiioDS lorZD22 were a5 follow5- DLFinbuii&Ji li'¢¢¢&10Jepleberett itur Youth Leoal MH Fwd Bank £4fK> £5
MUSWELL HiLL uf41TED REFORMED CIIURLH CHARrrY NO'J"ES"ro THE FIN,INCI.4L STATENIE.%TS FOR TTrIE I'E.4R ENDLD 31 DECTr:hlllFR 2022- tontinutd FU'NDS HELD I,% TRL.ST "Ihc Church liad an int¢resl in the balantc of ihc PTw¢¢d5 of rhe sale of the Atex&Jdr&Park LDited Refottned Chuwh and T¢therthiYn Hail ar¢ held bw URC Tlmts N(rtth Trust. These lunds w¢rc COTnpkicly used in the Tefurbi5hmtsJi of th¢ ¢h¥rch Buiidtti8 was yroved on The basis it would be pdback with inteTesi h¢Tr the Tenni5 Club $iie i% wld TIJANIES liORI'H fRUST J.OANS Tl)¢ TruSI 8ranted a Biid8ing Loan (bf £315.0(M) to enabk the Rcdtydcoment works th bec(ympl#vJ. Loan ¢ommenced on 25th Apiil 2019 315.000 Inc1$ed to allow ¢ompldionof wThks up w 22Thdj 2020 326.825 AmouJLI owin8 intlllding intertqi * 31 Dbe1 2(122 341.849 The Ttu$t Granted two M&M Loan5 to b¢ Tep aftu th¢ Pand¢ll. Siillwailirtgfor lhÉ.tyrt( to decide ifiknse are Lo¢vtyor Grants. 15th AwiI 2020 7t1) July 2020 10.159 8359 18518 TOTAL A 3w OveTdTaft LoaD Payable * £30k 5xr yvar iii Ini Monthly Payment £89 84 jLin2£].714 FIINDS OF 'I'HE CHARITY The ?027 fund5, Desi)81ed aTh] Rtsrri¢ted are shoun below. 2021 CompSlIVeS have been resied a¢a¥dirtgl). 2022 2021 Gcncral fiinds Designaied Funds R¢siri¢*d Funds {6,1671 16.444 509 574 io
ILSWELL HtLL ITNrrED REFOILMED CIIITRCII FITh.rtNCIAL StATEIIETr4"I'S I'EAR F.'NDF.D 31 D(-E1BER 2022 TRF..4SIIRLR'S STATEMEYr I have pr¢par¢d lh¢ financial slaiernl¢$0n pogr5 1 10 frjr lhey1¢nd¢d 31 rkn¢[ur 2022. 'I'hc financial SIan¢ntS art prep&ed in XCQTdoTL( with 2pplithle ]egislion. the Chatity Commission¢ts' General Direaions UK accourtiing praaic¢& 6th Mxth2023 ADRblNT STANNARD INDEPEI%DEYf EMM]YER'S REPORT I reptsrt on the fin8ncial staiemcnrs of 1%.¢11 Hill URC foitsyLwended 31 D¢canlT ?021. which are sel outortwy4th 10. Rt$ptctiv¢ r¢spoD5ibilities The church is responsibl¢ forthe pYepwa(ion of th¢ firLartcial seMen and LxmsideTS thBt xudil is not required under SlI0n 1441))of thL CharitKs Ar¥ 2011 th an Tnde[¢J)di examinion is Thd. It is my ttswnsibility ro wmine ItK a[unts un(kr s¢clion 145 of the 2011 A¢ follow Ihe procydurcs spe£ified in t General Directions given by the C.h3rity Cotnmissioners under S10 14515lb of 2011 ACL andto state %4.heiher patsticular matt¢TS hav¢ come to rn>' atThtil. Ba515 of ljkdtpendtni F.samtn¢r's POrt My txanination wa5 carried (>ut in accordw with the General Dilons0f the Clwity Commi10rr$. An &KaMinlOn includts a review of thc acrouniing r¢xord5 kept bTr' the church and a c15pAn80n of accounis prcscnred wilh those records. It also incluth cot]side[i0n ofany unusual 51¢ms OT dssclosurts in the financial SLqiemenis, %¢king explanattons Concrrning anv $uch maiirts. The PToc¢dures wjdertaken do not pruvide all the evidenc¢ that would k TequiToJ in an aJiL And <%)twuLllV l not expr5 an opinion &sto the financial statets preseni a'¢ 8nd fair view and my retA)rt is limitsj io ¢hos¢ mtvs w out irt thc stst¢m¢nt below. ldependent Examiner'5 $t¥t¢ment In CL)tinection with ex3minaliun orth¢ church fi[Wla7 s[ateMlS, came allcntion gav¢ Cause 10 Eeliv¥'e orhenvisethan that the finan¢il sts¢¢nKnts a¢ord with Iht xwunting records ofihe church. and that those records 5atisfi¢O the reyuirLrnts of tk Aa 201 l . thion 130. 1 am not aM'ar¢ of an}. m8tter which attention should be dtawn in order ¢able J ndandinof tk finBnci81 stMLThcftts be whe Si&mal by the Indedent Exatnirw. /4 /IL.,- L 7&: N'atne and addtess of the Indetxndeni E]r. 49 LtCl7 N10 3EP 12