2021-12-31-accounts

Annual Report to the Trustees 2021

What a dreadful year 2021 was for the whole world, not just Union Church. Covid, in its various forms, had spread its tentacles far and wide. Very few countries were left unaffected by its advance, with many deaths, long recoveries and fear of catching it the predominant features over the world.

Union Church was left relatively unscathed, considering its mainly elderly membership, with the only recorded death from the virus being that of Basil Lewis in April, 2020.

The lockdowns ensured that there were no meetings in our building during most of 2020 and the beginning of 2021. The last one took place from January 2021 until all restrictions ended in June.

The virus took its toll in other ways. Groups could not meet in our building and congregants were very wary of physically attending worship, even when they could. Regular mask wearing and keeping 2m apart from each other, made recognition difficult and welcoming any brave newcomers even harder.

Rev. Gerry Stanton conducted services and meetings on zoom. Unfortunately, quite a few of our membership were unable to access this and phone calls became the main means of communication.

Our usual Christmas Day Lunch and Party became a delivery only event. Fortunately, a peeling and packing day on Christmas Eve, with people suitably masked and distanced WAS allowed and with Luke Underhill as Head Chef, the cooking was managed brilliantly on Christmas Day and delivery to those who had requested it was made by willing masked volunteers. One part of our mission was accomplished.

There were very few Church Meetings during the year as reaching a quorum, even on zoom, would have been extremely difficult. Deacons Meetings DID happen on zoom but many of them were mainly Management Meetings as we ensured that all the maintenance tasks needed around the building were done.

The third lockdown ended on March 28th, 2021, just as our reporting year ended.

We looked forward to a future in a radically altered world and trusting that God would guide as we tried again, to spread the Word of Our Lord in Crouch End and do His Will.

uN￿N CIIURCH F4D COMMUNrrY CENTrE, eltOUCII EPID FINNACLIL STATEMENTS YEAR ENDED 31 DECEIIÈER 2021 RECEIPT$ AND PAYIAEPITS Acciwifr Ttrkyw Last Yaw )19 F￿thE T(W£ RECEIPTS Offonngs Fund Ra￿ng and Donat￿ onies Rased ChJtsde th5es Legaue5 Received Property. LelUng8 . Property. Clwr¢tlHall Usws 1,769 1.821 ". 2.143 2.143 12.of 532 42.046 42.046 41,J60 . ),7TT W.404 .371 8>nk Interesi Sundry IncoTh 21 577 124 6.729 T￿￿1 Art￿Pt 67,473 PAYklE1￿5 Ministry 16.9)3 16.W3 14,691 8,760. T4.107 1,707 . Church Running Cfsts 88.696 1.031 72 14X 9.712 Suppjrt ol 0￿de Causos

' MaIrt￿anCe cIC￿rI* 8uikJ

.&4, M•nlenance vf Investment i Lottery Ex￿￿lI￿re 72 14.2)5 9,712 657 22.599 40.240 5,441 7,425 Total ET RECEIPTSI IPAYIIENTS) TIIAN5FERS funds Ch•ng• In lThv•Jty4nt valu•5 CASH FUNDS Lfvj l Jatsua . FUNDS 31 tkcthnbe -43.447 -739 ny 4).TrX) 23.502 19.451 17,702 164.915 1&.607 238.208 23.516 138.407 161,923 182.607 23B,208 . STATEMENT OF ASSETSAND LiAWLmES Cash .. Bank .w D$toWtA￿nts ., r(y&BaptstTrusi Deposits 122 7.591 4.411 8.765 6,763 45.485 171.311 7.sg1 i 765 t 7.078 .516 11.742 138.407 138.407 61.9 23 ". Pl￿18% (kne to lJwJ¢h ln3uy8￿e wepgmj BU1￿￿￿$ under Church Cwtents . Ltablwb Independwrt EwW￿l￿)n Opus Energy . APPRUVEDbyth•lTueE• OD 0¢. Z&ZtWd￿thekE bEbAlfby ¥, RETErt Gts¥.¢r Iptht Nnl Istyatyrel

UNION CHURCH AND COMMUNIry CENTRE. CROUCH END FINANCIAL STATEMENTS YEAR ENDEO 31 DECEMBER 2021 Page 2 FINANCE OFFICER'S STATEMENT I have prepared the financial statements on Page 1 for the year ended 31 Dee8mb8f 2021 from the accounting records of the chur(*. Yofvj (Pnth Namel {Signalure) 11-10-11 (Dalel INDEPENDENT EXAMINER'S REPORT I report on the financial statements of Union Church and Communty Centre, CroLKh End for thè year ended on 31 Deeember 2021 and set out on Page 1. Respectlvè responsibilltles The church is responsible for the FKeparation of th8 finanual stalemenls. and o)nsiders that the audit requirement of Section 144 of the Charities Act 2011 {Ihe Actl does not apply. It is my responsibility to slate, on the basis of procedures specrfied In the Ger￿al Direction5 given by the Charty Commissioners under S8dion 145(51{bl of the A¢t. ￿ether parti￿lar matters have come lo my attgnlion. Basis of Independenl Examinerfs report My examination was I￿rried out in accordance with the Gewal Directions of the Charity Commissiows. An examination includes a review of the accounting records kept by the thurch and a comparison of the accounts presented with those records. It also includes eonsideration of any unusual items or disclosures in the financial slatemenls, and seeking explanations w￿rnIng any such matters. The procedurtrs undertaken do not provide all the evidence that wrwjld be required in an audit, and consgquently I do not express an audit opinion on the view given by the financial slalements. Ind¢pendent Examln•rfs statsmgnt In connedion with my examination of the churth funds. nothing cam8 to my attention which gave m8 cause lo believe otherwise than that the finarrial statements accord with the accounting records of the thurch, and that those records satisfied the wuiremenls of the Act. l am not aware of any matter lo which attention should be drawn in order lo enable a proper WKlerstaryJiro of th8 finamal statements lo be reached. My Independent Examinerfs Report on the Accounts is e￿loSed. David Watts FCA ICAEW 47 Topsfield Parade London N8 8PT

CHARITY COMMISSION FOR ENGLAND ANO WALES Ind•p•nd•nt •￿mIn•￿5 w•p¢xt on th• accounts Section A Independent Examiner's Report Report to th• trustwsl m•mb•rs of Unh)n Church arKI c(￿unty Centre. Crc4J( End On accounts for the 31W Dwmber 2021 Charity no {rf any) 115)944 s￿ out on pag¢s I reFQrt to ts tntslees ￿ my examinat)n of the arU￿nts of the above charrty {Ihe Tnjsfi lor the year eTrJed 3111212021. ResponslbllltSes and basls of r•port As the charitls truslees. yOLt a￿ ￿SpOnSIble for the preparatK>n of the accounts in a¢cordance wrth requirements of the Charilie5 Act 20111.the Act'l. I rerKJrt in iesFeCt of my exarrwn3tKM) of the TfU5t's accounts carried out uThJei sectim 145 of 2011 Acl and in cairytng OLrt my examination, I have followed 811 the ap￿￿able Direct)ns given by Ihe Charity CommissK)n under section 14515Xb) of the Act. Independent examinerfs I have corn￿ete￿ my examination. I c￿￿Mi that materi81 matters have come to stat8m•nt my attentson in Ccfflnec1￿ with Ihe examinakn whith cause to believe that in. any malerial resped.. the accountsng recc¥ds were not kept in accordar￿e wilh 130 of the Char¥ts A¢t." or the ￿(￿￿nts did nol acoyd with ihe accounting records." or the aCC￿nIS did nol comr4y V•th the appluble ￿qU1￿ments cTh)¢gming the lorni and content of acccrtjnts set cJl in the charib.es (Accounts and ReFM)rtsl Regulations 2008 other than any ￿uIreMent that the accounis give a 'true and laif. which is not a matter c£fflskned as part ol an independent examination. I have no cor￿emS and have come across ￿ other mattws in wnnection with the examin*KJn lo Wh￿ attèntK)n Shou￿ be drnwn in this rep)rt ￿ Order to enat4e a propw underslanding of the acwunts lo be reache(l. 12ffj8r2022 Slgrwl: DavKI Watts FCA Relevant professional | IGAEW quaSbflcatlonlsl or body1Sf Address: ' 47 Topsfield Paradg Lon(k)n N8 8PT IER 12018 Oct

Section B DistlosurÈ Only complete IF.,￿,e examipei nee¢s lo hiahlighl material malters of corrcern Iseo CC32. Indeper¥Jent examfflab.on of chanty ac(x)unts". diredK)n5 and guldance for examI￿r5}. Glve ￿Te brief details of any Itèms that thè •xamin•r wl#he5 to dityc1￿. NIA IER 22018 Oct

ANNUAL GEliERAL MEETLNG 2022 inance Ofncer's Re As in the wevious three years, the end of year accounts for 2021 showed a decrease in the value of the Church's assets. Expenditure exceeded Income by £44,187 during the year. The following table of comparisons between 2020 and 2021 shows the major areas of income and expenditure. 2021 2020 Income Activi Offering Fund Raising & Donations Property Lettings Hall Hire 982 2.143 42.046 20,777 1,769 1,821 41,380 20.404 enditure Activi Ministy & Mission Fund Church Running Costs Maintenance of Church Buildings Maintenance of Property 16,903 68.696 14205 9,712 14,691 74,107 40240 5,441 The £42,046 against 'Propety Letttngs, in 2021 represents a full take-up of residency in the fiat above The Church and a full year's rental from The Montessori Nursery. No fees were taken by the letting agents in 2020 which explains why income from the flat was lower in 2021 (£21.046 against £24.860) as the agents cbarged two years, fe￿ in 2021. Hirings for Parties increased from only £442 in 2020 to £1.063 as the country started to recover from shutdowns due to the COVID-19 pandemic. Income from Hall Hiring was slightly down OD 2020 figures (£17,727 against £19.962), caused primarily by lat¢ payments during the shutdowns. Ch&sing these payments is at the top of my current agenda and, although slow. money has begun to filter through io us. £4291 wa5 owed to the Church by late payers at the end of 2021. The Christrnas Lunch brought in £611. Without thc donation from Hornsey Parochi￿ Charities it would have cost us £189. On the Expenditure side. there are no major concerns. There was a drop in Church Running Costs during 202 l. due to lower expendinre on (Itfice Supplies (£2,696 against £4.153 in 2020), the Insurance claim due to flooding (we received payments totalling £3.173) and slightly less expenditute on Prof¢ssional Services. As has been emphasised before. Prop¢rry Maintenance costs often nm in cycles. low costs one year may indicate that necessary tssks are being pos￿￿ed until the next. The lower costs of 'Maintenance of Church Buildings. in 2021 can be put down to less external contractor5 being employed during the pandemic and thc rise 'Maintenance of Propety, (ie to the Flat and Rokesly) to work being undertaken internally. Thc value of The Legacy bequeathed to The Church by the late m￿jorie Smith dropped during 2021 from £168.987 to £145.485. £50,0￿ w&$ withdrnwn from the fijnd in 2021 but due to favourdble stock market onditions the end of year decrease amounted ￿ only £23.502. Our Deposit Account at CCLA Investment Management had been depleted to only £1,751 due to constant withdrawals since 2018. It contlnued to attrdct poor amounts of interest due ￿ the Bank of England Base Rate being as low as it h&$ been in recent years. This raie is, how¢ver, beginning to improve. Overall, it was a reasonable yeaT financially coosid¢rAng our continuing spending obligations but it would bc recommended The Church seek to reni out the Manse. increases Facility Hirings and seek more income-generating even￿ if possible. Otherwise, any major increases in overall Church casb assets over the next few years look unlikely.

uN￿N CIIURCH F4D COMMUNrrY CENTrE, eltOUCII EPID FINNACLIL STATEMENTS YEAR ENDED 31 DECEIIÈER 2021 RECEIPT$ AND PAYIAEPITS Acciwifr Ttrkyw Last Yaw )19 F￿thE T(W£ RECEIPTS Offonngs Fund Ra￿ng and Donat￿ onies Rased ChJtsde th5es Legaue5 Received Property. LelUng8 . Property. Clwr¢tlHall Usws 1,769 1.821 ". 2.143 2.143 12.of 532 42.046 42.046 41,J60 . ),7TT W.404 .371 8>nk Interesi Sundry IncoTh 21 577 124 6.729 T￿￿1 Art￿Pt 67,473 PAYklE1￿5 Ministry 16.9)3 16.W3 14,691 8,760. T4.107 1,707 . Church Running Cfsts 88.696 1.031 72 14X 9.712 Suppjrt ol 0￿de Causos

' MaIrt￿anCe cIC￿rI* 8uikJ

.&4, M•nlenance vf Investment i Lottery Ex￿￿lI￿re 72 14.2)5 9,712 657 22.599 40.240 5,441 7,425 Total ET RECEIPTSI IPAYIIENTS) TIIAN5FERS funds Ch•ng• In lThv•Jty4nt valu•5 CASH FUNDS Lfvj l Jatsua . FUNDS 31 tkcthnbe -43.447 -739 ny 4).TrX) 23.502 19.451 17,702 164.915 1&.607 238.208 23.516 138.407 161,923 182.607 23B,208 . STATEMENT OF ASSETSAND LiAWLmES Cash .. Bank .w D$toWtA￿nts ., r(y&BaptstTrusi Deposits 122 7.591 4.411 8.765 6,763 45.485 171.311 7.sg1 i 765 t 7.078 .516 11.742 138.407 138.407 61.9 23 ". Pl￿18% (kne to lJwJ¢h ln3uy8￿e wepgmj BU1￿￿￿$ under Church Cwtents . Ltablwb Independwrt EwW￿l￿)n Opus Energy . APPRUVEDbyth•lTueE• OD 0¢. Z&ZtWd￿thekE bEbAlfby ¥, RETErt Gts¥.¢r Iptht Nnl Istyatyrel

UNION CHURCH AND COMMUNIry CENTRE. CROUCH END FINANCIAL STATEMENTS YEAR ENDEO 31 DECEMBER 2021 Page 2 FINANCE OFFICER'S STATEMENT I have prepared the financial statements on Page 1 for the year ended 31 Dee8mb8f 2021 from the accounting records of the chur(*. Yofvj (Pnth Namel {Signalure) 11-10-11 (Dalel INDEPENDENT EXAMINER'S REPORT I report on the financial statements of Union Church and Communty Centre, CroLKh End for thè year ended on 31 Deeember 2021 and set out on Page 1. Respectlvè responsibilltles The church is responsible for the FKeparation of th8 finanual stalemenls. and o)nsiders that the audit requirement of Section 144 of the Charities Act 2011 {Ihe Actl does not apply. It is my responsibility to slate, on the basis of procedures specrfied In the Ger￿al Direction5 given by the Charty Commissioners under S8dion 145(51{bl of the A¢t. ￿ether parti￿lar matters have come lo my attgnlion. Basis of Independenl Examinerfs report My examination was I￿rried out in accordance with the Gewal Directions of the Charity Commissiows. An examination includes a review of the accounting records kept by the thurch and a comparison of the accounts presented with those records. It also includes eonsideration of any unusual items or disclosures in the financial slatemenls, and seeking explanations w￿rnIng any such matters. The procedurtrs undertaken do not provide all the evidence that wrwjld be required in an audit, and consgquently I do not express an audit opinion on the view given by the financial slalements. Ind¢pendent Examln•rfs statsmgnt In connedion with my examination of the churth funds. nothing cam8 to my attention which gave m8 cause lo believe otherwise than that the finarrial statements accord with the accounting records of the thurch, and that those records satisfied the wuiremenls of the Act. l am not aware of any matter lo which attention should be drawn in order lo enable a proper WKlerstaryJiro of th8 finamal statements lo be reached. My Independent Examinerfs Report on the Accounts is e￿loSed. David Watts FCA ICAEW 47 Topsfield Parade London N8 8PT

CHARITY COMMISSION FOR ENGLAND ANO WALES Ind•p•nd•nt •￿mIn•￿5 w•p¢xt on th• accounts Section A Independent Examiner's Report Report to th• trustwsl m•mb•rs of Unh)n Church arKI c(￿unty Centre. Crc4J( End On accounts for the 31W Dwmber 2021 Charity no {rf any) 115)944 s￿ out on pag¢s I reFQrt to ts tntslees ￿ my examinat)n of the arU￿nts of the above charrty {Ihe Tnjsfi lor the year eTrJed 3111212021. ResponslbllltSes and basls of r•port As the charitls truslees. yOLt a￿ ￿SpOnSIble for the preparatK>n of the accounts in a¢cordance wrth requirements of the Charilie5 Act 20111.the Act'l. I rerKJrt in iesFeCt of my exarrwn3tKM) of the TfU5t's accounts carried out uThJei sectim 145 of 2011 Acl and in cairytng OLrt my examination, I have followed 811 the ap￿￿able Direct)ns given by Ihe Charity CommissK)n under section 14515Xb) of the Act. Independent examinerfs I have corn￿ete￿ my examination. I c￿￿Mi that materi81 matters have come to stat8m•nt my attentson in Ccfflnec1￿ with Ihe examinakn whith cause to believe that in. any malerial resped.. the accountsng recc¥ds were not kept in accordar￿e wilh 130 of the Char¥ts A¢t." or the ￿(￿￿nts did nol acoyd with ihe accounting records." or the aCC￿nIS did nol comr4y V•th the appluble ￿qU1￿ments cTh)¢gming the lorni and content of acccrtjnts set cJl in the charib.es (Accounts and ReFM)rtsl Regulations 2008 other than any ￿uIreMent that the accounis give a 'true and laif. which is not a matter c£fflskned as part ol an independent examination. I have no cor￿emS and have come across ￿ other mattws in wnnection with the examin*KJn lo Wh￿ attèntK)n Shou￿ be drnwn in this rep)rt ￿ Order to enat4e a propw underslanding of the acwunts lo be reache(l. 12ffj8r2022 Slgrwl: DavKI Watts FCA Relevant professional | IGAEW quaSbflcatlonlsl or body1Sf Address: ' 47 Topsfield Paradg Lon(k)n N8 8PT IER 12018 Oct

Section B DistlosurÈ Only complete IF.,￿,e examipei nee¢s lo hiahlighl material malters of corrcern Iseo CC32. Indeper¥Jent examfflab.on of chanty ac(x)unts". diredK)n5 and guldance for examI￿r5}. Glve ￿Te brief details of any Itèms that thè •xamin•r wl#he5 to dityc1￿. NIA IER 22018 Oct

ANNUAL GEliERAL MEETLNG 2022 inance Ofncer's Re As in the wevious three years, the end of year accounts for 2021 showed a decrease in the value of the Church's assets. Expenditure exceeded Income by £44,187 during the year. The following table of comparisons between 2020 and 2021 shows the major areas of income and expenditure. 2021 2020 Income Activi Offering Fund Raising & Donations Property Lettings Hall Hire 982 2.143 42.046 20,777 1,769 1,821 41,380 20.404 enditure Activi Ministy & Mission Fund Church Running Costs Maintenance of Church Buildings Maintenance of Property 16,903 68.696 14205 9,712 14,691 74,107 40240 5,441 The £42,046 against 'Propety Letttngs, in 2021 represents a full take-up of residency in the fiat above The Church and a full year's rental from The Montessori Nursery. No fees were taken by the letting agents in 2020 which explains why income from the flat was lower in 2021 (£21.046 against £24.860) as the agents cbarged two years, fe￿ in 2021. Hirings for Parties increased from only £442 in 2020 to £1.063 as the country started to recover from shutdowns due to the COVID-19 pandemic. Income from Hall Hiring was slightly down OD 2020 figures (£17,727 against £19.962), caused primarily by lat¢ payments during the shutdowns. Ch&sing these payments is at the top of my current agenda and, although slow. money has begun to filter through io us. £4291 wa5 owed to the Church by late payers at the end of 2021. The Christrnas Lunch brought in £611. Without thc donation from Hornsey Parochi￿ Charities it would have cost us £189. On the Expenditure side. there are no major concerns. There was a drop in Church Running Costs during 202 l. due to lower expendinre on (Itfice Supplies (£2,696 against £4.153 in 2020), the Insurance claim due to flooding (we received payments totalling £3.173) and slightly less expenditute on Prof¢ssional Services. As has been emphasised before. Prop¢rry Maintenance costs often nm in cycles. low costs one year may indicate that necessary tssks are being pos￿￿ed until the next. The lower costs of 'Maintenance of Church Buildings. in 2021 can be put down to less external contractor5 being employed during the pandemic and thc rise 'Maintenance of Propety, (ie to the Flat and Rokesly) to work being undertaken internally. Thc value of The Legacy bequeathed to The Church by the late m￿jorie Smith dropped during 2021 from £168.987 to £145.485. £50,0￿ w&$ withdrnwn from the fijnd in 2021 but due to favourdble stock market onditions the end of year decrease amounted ￿ only £23.502. Our Deposit Account at CCLA Investment Management had been depleted to only £1,751 due to constant withdrawals since 2018. It contlnued to attrdct poor amounts of interest due ￿ the Bank of England Base Rate being as low as it h&$ been in recent years. This raie is, how¢ver, beginning to improve. Overall, it was a reasonable yeaT financially coosid¢rAng our continuing spending obligations but it would bc recommended The Church seek to reni out the Manse. increases Facility Hirings and seek more income-generating even￿ if possible. Otherwise, any major increases in overall Church casb assets over the next few years look unlikely.