COMPANY REGISTRATION NUMBER: 08357702
CHARITY REGISTRATION NUMBER: 1151257
City Temple URC
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2020
ROBINSONS CONSULTING LIMITED
Chartered accountants
5 Underwood Street
London
N17LY

City Temple URC
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2020
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
10
Statement of financial activities (including income and
expenditure account)
13
Statement of financial position
14
Notes to the financial statements
15

City Temple URC
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 December 2020
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2020.
Reference and administrative details
Registered charity name
City Temple URC
Charity registration number
1151257
Company registration number 08357702
Principal office and registered City Temple Holborn Viaduct
office
London
EC1A 2DE
The trustees
Donald MacPhee
Rodney Woods
Olusina Anifowose
Zam Lian Khup
Company secretary
Olusina Anifowose
Independent examiner
Robinsons Consulting Limited
Chartered accountant
5 Underwood Street
London
N17LY
History
The City Temple URC has lived as a congregation of the Church of Jesus Christ since at least 1640.
Throughout its history, City Temple has been called by a variety of names, worshipping in a variety of
places. Since 1874, City Temple has worshipped on the present site on Holborn Viaduct, using its
present name. Since 1974, the City Temple has been a member congregation of the United Reformed
Church denomination.
Covid 19 in 2020
The Covid pandemic and its associated mitigation measures has affected churches and charities
across the country in unique ways. Rather than continually mentioning Covid throughout this report, it
seemed sensible for us to highlight the positive and negative effects of Covid on City Temple in 2020.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 December 2020
Positive Effects
The Covid pandemic and the associated lockdowns affected City Temple in several positive ways.
First, the pandemic forced us to experiment with and adopt hybrid worship models, especially
regarding our Sunday services. We had already been considering hybrid worship models for the
future of the church, but the pandemic brought these forward immediately. Zoom became our
primary tool of choice for implementing these models because it offered flexibility and gave a sense of
immediacy to worship and prayer that pre-recorded livestream simply does not achieve.
Second, the use of hybrid models Increased involvement in the life of the church. As a "gathered
church" many people travel more than an hour to get to the building for services and events. Using
Zoom for all our mid-week activities meant that people no longer had to travel extensively in order to
participate. For Sundays, we sought to maintain in-person Sunday services as much as possible,
combining them with Zoom. Because we used Zoom, we experienced an increased participation in all
our services. We also were able to add new activities, such as virtual small groups and Bible
discussions.
Third, the pandemic led us to begin thinking of new ways to function as church into the future. We
are still in the process of discernment, but it is clear that churches will not simply return to the way
things were before Covid.
Fourth, the pandemic demonstrated to us the importance of our residential community. Community
members living in the building helped support and sustain the ministry of City Temple, especially since
most volunteers from outside the building were not able to attend in person. The residential community
also helped all the Zoom services to feel like corporate worship experiences, since as residents in the
building they were able to attend in person despite lockdowns.
Negative Effects
Of course, the Covid pandemic has had very serious consequences for City Temple. Within two
weeks, the pandemic and the associated lockdown wiped our conferencing activities. City Temple
had to refund thousands of pounds because of cancelled events. The hospitality sector has been
disproportionately affected by the pandemic. We do not anticipate that this will recover until at least
2023.
Since the 1960s, City Temple has relied on casual room hire - what we call our conferencing activities
to supplement congregational giving to support the charitable activities of the church financially.
City Temple quickly lost about 80 % of our total revenue. By the end of the year, City Temple had
begun to access its reserves to help sustain the charitable activities. We also reduced expenditures as
much as possible.
Third, the impact of the pandemic resulted in a significant delay to the planned redevelopment of the
City Temple building. The developer informed Crty Temple at the end of October that the
development planned to commence at the end of November would be delayed for at least a year. This
created hardship for the church because the church had delayed essential repairs in the building due
to the redevelopment. The most significant impact was not having a functional boiler for the winter
months.
Fourth, because the redevelopment was delayed, the developer stopped making the temporary
payments required under its contract with City Temple. City Temple challenged the developer in this,
but the challenge had not been resolved by the end of the year. Thankfully, three months of
temporary payments helped City Temple meet its expenditures for the year.
Finally, the City Temple Minister became ill with Covid twice, at the beginning of 2020 and again at the
end of 2020. The first illness meant the minister was unavailable for all of January. The second
illness resulted in 71 days in hospital, into 2021.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Despite the negative effects of the Covid pandemic, City Temple was able to meet its charitable
objects in 2020.
Objects and activities
According to the Memorandum and Articles of Association governing City Temple URC, the object of
the charity for the public benefit is the advancement of the Christian faith in London. The main
activities in relation to the charitable objects are set out in the paragraphs below.
As a Christian nonconformist congregation in the City of London, City Temple has always had diversity
in the ways that it has sought to advance the Christian faith in London. Although the witness of its
Sunday congregation has been strong, City Temple has expressed its witness in other ways as well.
For example, City Temple was one of the first congregations in London to develop an intentional
outreach to people in the marketplace. Even in the mid-1800s, City Temple drew hundreds of
businesspeople to its mid~week services and events.
City Temple has a vision for the advancement of the Christian faith in London that may be
summarized as follows: The vision of City Temple is to develop an urban polycultural Christian
fellowship in the City of London that will glorify God the Father by making and equipping disciples of
Jesus Christ. City Temple will do this by serving as a resource for the extension of God's loving
rulership in the City and the world and by serving as a refuge for the healing and development of
God's people. We will serve in partnership with other like-minded Christian ministries through prayer,
community, worship, outreach, and training in the power of the Holy Spirit.
City Temple continues to express its faith in a diversity of ways through the ministry areas of prayer,
community, worship, outreach and training in a polycultural context, seeking practical partnerships
with other churches and ministries as much as possible.
In reviewing our objects and activities, the trustees have had regard to the guidance issued by the
Charity Commission on public benefit.The objects and activities below also describe our achievements
and performance in those areas.
Prayer
City Temple engages in the ministry of prayer in several ways. In addition to various ad hoc groups
for prayer, City Temple has regular times of prayer, including Thursday nights, Friday nights, and other
regular gatherings. City Temple maintains a prayer chapel open to the public whenever the building
is open. Unfortunately, the building was closed for much of 2020, except for in-person Sunday
worship. City Temple also provides other occasional times for prayer, such as all-night prayer events
and 24/7 prayer for specified periods, which were enabled by Zoom this year.
City Temple offers ministry to people through prayer. For the benefit of individuals, City Temple
provides a prayer process called the "Steps to Freedom in Christ" whereby a person might receive
directed ministry and coaching through prayer. City Temple encourages and trains people to minister
to others through Christian prayer, seeking to meet people where they are in this vital ministry.
2020 saw the continued ministry of the City of London House of Prayer (COLHOP). COLHOP seeks
to bring Christians together from a variety of churches and backgrounds to promote prayer 24 hours a
day, seven days a week. Although the church may not achieve the 2417 goal until the redevelopment
of the building, many people from various church backgrounds have already begun to take two-hour
"watches" at various times during the week. Each Thursday evening, COLHOP has an "Equipping
Service" to help develop the vision and values for COLHOP. On Friday evenings, COLHOP offers
"Pursuit" in the context of other CT ministries. In 2020, although the total number of hours covered
decreased, we increased involvement because the main prayer times were offered via Zoom.

City Temple URC
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 December 2020
In 2020, a group of City Temple men continued a Wednesday night prayer gathering. They meet
throughout the year to pray together and encourage one another in the Christian faith.
Community
City Temple promotes Christian community in several ways. On Sunday afternoons throughout much
of the year, City Temple provides a light lunch for people along with an extended training time called
"Sunday Focus"
The training includes times of discussion and relationship building. Alongside the
training, City Temple provides Kids Connect, a children s ministry to help children grow in the Christian
faith and connect with the church community. We provided these times until March, when the first
lockdowns occurred.
Throughout the year, the congregation of City Temple gathers frequently for meals and meetings that
promote a sense of community and involvement in the ministry of the church. The most common of
these are the meals connected with our quarterly Church Meetings, which are open to members and
non-members alike. Because of lockdowns, we limited our church meetings in 2020.
City Temple also has a residential Christian community as an integral part of its ministry. This
community - consisting of staff, members and others- resides in the City Temple building and shares
extensively in the ministry and leadership of the church. In 2020, the community maintained its
number of members until November, even with the possible redevelopment of the City Temple
building beginning. Several members moved in November and December because of the anticipated
redevelopment of the building. The community continued to take responsibility for the hospitality setup
for Sundays as part of its ministry this year as well as exploring other ways to serve in the life of the
church.
In 2020, City Temple continued to expand the experience of community through "What's App" groups
enabling people to maintain more regular and spontaneous communication with one another and
amongst groups of people. We also sought to connect with people more effectively through social
media, such as Instagram and Facebook.
Worshlp
City Temple's primary service of worship is held on Sunday mornings. People from about 15 different
nationalities gather to worship God in a contemporary format. With the pandemic, we discontinued
our services at Thursday lunchtimes designed for people in the marketplace. We hope to continue
these via Zoom or in person in 2021. Throughout the year, City Temple provides many other seNices
of worship, such as carol services, Good Friday services, and prophetic intercessory worship.
COLHOP (described at)ove) provides a further context for worship in the life of the church. However,
the pandemic led to most of these services being cancelled for 2020.
In 2020, not only did we begin to offer our worship services via Zoom, but we also began to livestream
our Sunday sermons via YouTube. We recorded these sermons live and made them available for
people to listen to throughout the week. We also included links on our web site for the sermons.
Outreach
City Temple expresses its outreach as a congregation in many ways, especially through the ministry of
hospitality. Since there are few homes in the "neighbourhood" of City Temple, and since we have
little access to the homes and businesses within a reasonable commute to City Temple, we must
engage in Christian outreach in creative and different ways. One of the primary ways that City
Temple engages in outreach is by welcoming people into the building and showing them distinctive
Christian hospitality. Such hospitality includes service, prayer, and sharing the gospel of Jesus Christ
with users of the building. We welcome people into the building through such activities as room hire,
serving meals, holding worship services, providing special training events and courses: and the like.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
City Temple seeks to become a leader in hospitality outreach. Unfortunately, lockdowns inhibited our
ability to provide hospitality outreach, but we hope to resume as soon as possible.
In 2020, City Temple developed a new website to enable people to connect with the church more
easily. The site will become our primary ministry hub, with various resources for people seeking to
grow in faith
Training
City Temple offers a variety of programmes to help train Christians for effective engagement with the
world and involvement in ministry inside and outside the "church"
City Temple offers various
discipleship courses, such as Learning to Walk with Jesus and the Freedom in Christ Course. The
Freedom in Christ Course offered in 2020 brought together people from several different churches.
City Temple offered most of its training opportunities via Zoom.
In 2020, City Temple continued its primary training event "Sunday Focus"
City Temple provides this
time of training on Sunday afternoons until March. City Temple created this training activity because
more and more people indicated an interest in City Temple becoming a Sunday destination, providing
a wide range of activities so that people could make the most of their available Sundays rather than
trying to attend several meetings throughout the week.
Partnership
City Temple serves as a resource for many other congregations and ministries, partnering with them
formally and informally to advance the aims of City Temple as well as the aims of these congregations
and ministries. This creates a dynamic synergy within City Temple that allows City Temple to
accomplish more than it could on its own. This also leads to the growth of City Temple, as many
people who corne to special events often look for a church home.
In 2020, City Temple continued to host a congregation of Burmese people until the lockdowns. This
has developed into an exciting partnership in which both churches have blessed one another. City
Temple maintained its partnership with HarvestNet International, a global network of churches. City
Temple worked extensively with Freedom in Christ Ministries International, helping to develop and
maintain a few of its initiatives.
In 2020, City Temple continued working together with four other URC churches in a partnership called
the "Good News Local Area Group" Representatives of these five churches meet regularly to
explore was of advancing the Christian faith throughout London, especially in the various locations in
which member churches are located. City Temple hosted an annual group conference that brought
together members of the various churches for worship, prayer and fellowship.
Partnership
City Temple seNes as a resource for many other congregations and ministries, partnering with them
formally and informally to advance the aims of City Temple as well as the aims of these congregations
and ministries. This creates a dynamic synergy within City Temple that allows City Temple to
accomplish more than it could on its own. This also leads to the growth of City Temple, as many
people who come to special events often look for a church home.
In 2020, City Temple continued to host a congregation of Burmese people. This has developed into an
exciting partnership in which both churches have blessed one another. City Temple maintained its
partnership with HarvestNet International, a global network of churches. City Temple worked
extensively with Freedom in Christ Ministries International. helping to develop and maintain a few of its
initiatives.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
In 2020, City Temple continued working together with four other URC churches in a partnership called
the "Good News Local Area Group,. Representatives of these five churches meet regularly to explore
was of advancing the Christian faith throughout London, especially in the various locations in which
member churches are located. City Temple hosted an annual group conference that brought together
members of the various churches for worship, prayer and fellowship.
Polycutlural Context
2020 saw the continuation of the polycultural vision for the overall ministry of City Temple. For years,
City Temple has been one of the few churches in central Londoii to have a truly diverse congregation,
with no majority ethnic group represented in the church. In previous years, we may have described
this as "multicultural" However, the word "multicultural" seems to describe a situation in which
various cultures exist side-by-side, affirming one another yet maintaining cultural distinctiveness.
However, "polycultural" is different than "multicutural" Polycultural affirms the value and uniqueness
of each culture, but at the same time encourages people from various cultures to influence and
change one another so that the result is a personal transformation that brings a greater sense of unity
and a fuller cooperation among people. In a polycultural context, people are personally changed by
the interaction with other cultures and backgrounds so that they become part of an entirely new
"culture"
We are excited to see how this vision will develop in coming years. City Temple is one of
the few congregations where the elders of the church come from a diversity of backgrounds.
Socio-Economic Diversity
City Temple embraces people from a wide variety of socio-economic backgrounds and situations. In
any given Sunday, you might find homeless persons sitting next to persons with well-paying jobs; you
might find someone with little advanced education engaging with someone having a Master's degree
or beyond; you might find people from working-class backgrounds interacting with people from more
middle-class backgrounds. To help facilitate this interaction, City Temple provides all its services
freely or inexpensively to allow all people to participate. Even when there is a cost involved, City
Temple seeks to provide generous bursaries so that lack of funds does not become an impediment to
people experiencing the public benefit of the charity.
Achievements and Perfonnance
As mentioned earlier, the paragraphs above contain several reflections on the achievements and
performance of the charity in 2020. Obviously, the pandemic has affected everything we do in some
way.
City Temple had a number of significant achievements in 2020. City Temple continued its ministry
offerings and even added some ministry offerings despite the challenges of Covid. City Temple
developed a new website. City Temple signed an agreement with a hotel developer to redevelop the
CT building alongside a new hotel next door to City Temple. Although the redevelopment was
delayed, City Temple prepared the building for vacant possession by the developer. City Temple
developed hybrid means of delivering its services to a larger number of people.
Throughout the year: City Temple remained a vital congregation. Our trustees functioned at an
extremely high level. The church maintained a high-trust environment. The charity continued to
fulfill its charitable objects. We also maintained a wide range of ministries and activities.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 December 2020
CT has developed a reputation for excellent teaching and training. The diversity and quality of
offerings connect with many people, including many who do not attend the church regularly. City
Temple offers all its resources to the wider community.
Financial Review
Through the leadership of the treasurer, the Elders maintained financial controls for the charity through
an increasingly difficult environment for any charity. A new treasurer was appointed, with the former
treasurer becoming the assistant treasurer to facilitate a smooth transition. The move to Sageone
enabled many people to become involved with financial managernent safely and accountably. This
move gave the charity a much greater transparency in its financial management. This move also
gave the Elders more active oversight of the finances as a group.
The Eldership has consistently reviewed the financial status of the charity before making significant
financial decisions. Throughout 2020, the charity remained financially stable, although the pandemic
has challenged this stability.
The Church Treasurer provides regular reports to the Eldership and the Church Meeting. Overall, the
Church Meeting as well as the Eldership continues to be strongly involved in the budgeting process.
The Church Treasurer ensures that the financial policies of the Eldership and the Church Meeting are
carried out in a timely manner. The Treasurer actively seeks to hold both the Eldership and the
Church Meeting accountable to their own internal policies while implementing new ways of managing
City Temple's finances effectively.
Although the pandemic caused extreme financial disruption, the charity maintained financial stability in
2020. Although the Trustees would have liked the overall financial position of the charity to have
been stronger in 2020, the Trustees have ensured a measure of financial stability for the charity
throughout the year. The Trustees carefully consider the financial needs of the charity as well as the
financial growth of the charity on an ongoing basis, consulting with one another as necessary even in
between the monthly meetings.
The charity derives its revenue from giving by members of the congregation, license fees paid by the
residential community, and casual room hire activity under the auspices of the "City Temple
Conference Centre" an outreach ministry of the charity. Unfortunately, the principal financial risks to
the charity related to declining casual room hire activity became a reality in 2020. We do not believe
that room hire will return to pre-covid levels until at least 2023. However, at the end of the year we
were still expecting the delayed redevelopment to go forward and the temporary payments to the
church to resume. The temporary payments, once resumed, will be sufficient to sustain the charitable
activities of the church until the redevelopment is completed. We also saw the risks due to the age of
the building and the possible needs for urgent repairs come to fruition with the malfunction of the
boiler. The elders have continued to monitor these developments, seeking to adjust the expenditures
as necessary to compensate for increases or decreases in revenue. The elders continue to develop
contingencies in case of further delay to the redevelopment or the failure of temporary payments to
resume.
Financial Reserves
Even though the Eldership were somewhat concerned with the general financial health of the charity in
2020 due largely to Covid-19, City Temple maintained appropriate levels of reserves for 2020. The
Eldership seeks to maintain levels of reserve at least equal to three months, operating expenses of the
charity.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Structure, Governance and Management
City Temple is a congregational church historically, and currently a member church of the United
Reformed Church denomination. Because it is a congregational church, the Church Meeting of City
Temple is the primary governance authority in the church. The Church Meeting meets at least
quarterly, considering such items as financial reports, ministry rnatters, and other such issues within its
purview. The Church Meeting is also responsible for the accountability of the Elders, Meeting
(Eldership) in the conduct of its governance.
City Temple URC is a charitable limited company. City Temple operates in accordance with a
Memorandum and Articles of Association (Constitution). In addition, City Temple has Standing
Orders that govern the conduct of meetings. As a church of the United Reformed Church
denomination, City Temple also conducts itself according to the governing documents of the URC.
The Elders, Meeting (Eldership) consists of men and women elected by the Church Meeting in
accordance with the Memorandum and Articles to serve as elders (leaders) in the overall ministry of
City Temple. The Minister chairs the Eldership, which usually meets monthly. The elders serve as
the Trustees (Directors) for the charity. The Eldership has the overall responsibility for the leadership
and governance of City Temple. Individually, the elders may give oversight to various ministries
within the church.
At least once a year, church members have an opportunity to nominate persons whom they believe
might be qualified to serve as Elders (Trustees). Those who receive a sufficient number of
nominations are then voted on by the Church Meeting. Those who receive at least two-thirds of the
votes are selected as elders. In addition, the Minister and Church Secretary, acting together, may
place names into nomination for election as elders. New elders receive training regarding the
governance of the church, good practice according to the Charity Commission and other issues
related to the healthy operation of the charity. The elders together receive ongoing training as
needed. Normally, this occurs on an ad hoc basis during the monthly Elders Meetings.
City Temple has three off icers: The Minister, who chairs the meetings of the Eldership and Church
Meeting; the Honorary Church Secretary, who is the communications officer of the church; and the
Honorary Church Treasurer, who provides financial oversight as directed by the Eldership and the
Church Meeting. These officers work in tandem to provide day-to-day leadership in the ministry of
the church.
City Temple also has employees who serve in various capacities, including finance, administration,
stewarding, ministry leadership and the like. These employees are accountable to the Eldership
through the Minister or another elder appropriately designated.
The Church Meeting re~elected one elder in 2020. One elder stood down for a year as required by
the Constitution, after having served six consecutive years as an elder. The Church Meeting and
Elders Meeting worked with a sense of unity and purpose that was healthy for the charity.
One of the major benefits of the style of governance of City Temple is that City Temple can draw upon
a wider range of knowledge, experience and expertise than many charities because the members and
adherents of the charity participate in governance. This strength of City Temple has helped maintain
the health and growth of the charity.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Risks and Uncertainties
The Eldership (Trustees) of City Temple has the primary responsibility for risk management, which is
generally exercised through its employees on a day-to-day basis. Periodically, the Eldership seeks to
review the risks in several areas, including fire safety, hearth and safety, financial practices and Covid
safety. The Eldership often instructs relevant staff members to conduct these risk assessments on its
behalf, reporting back to the Eldership as needed.
The age and condition of the present building presents one of the greatest uncertainties for the charity.
The Trustees are working to manage this major risk by seeking the redevelopment of the building,
paid for through a long lease on the two lower floors (as mentioned above). Although the
redevelopment discussions stalled in 2020 due to Covid, we anticipate that they will resume in 2021.
The elders are actively discussing various options in the event that the redevelopment does not occur.
The Trustees are seeking to manage the other risks by identifying, prioritising and fund-raising for the
refurbishment of these systems in case the redevelopment fails to progress.
Monitorlng Achievement
In 2020, the trustees monitored achievement approximately every month by reviewing indicators of
charity health, problem areas and ministry opportunities.
The solid giving by members of the charity reflects part of the health of the charity. In a time when
most charities have seen a decrease in giving, City Temple has seen giving maintained in a healthy
manner.
In 2020, the staff assisted the Trustees in monitoring achievement against their stated goals and
objectives
Plans for 2021
Throughout 2020, the Eldership has been able to maintain health in the charity, especially in three key
areas - financial policies, HR policies and good governance practices within the Eldership and the
Church Meeting.
In 2021, the Eldership (Trustees/Directors) has several goals. First, the Eldership wants to finalise
redevelopment plans and hopefully see the needed work on the building begin. If these plans are not
finalized by the middle of the year, then the Eldership will develop and implement plans for the repair
and improvement of the building as it is. Second, the Eldership wants to raise awareness of City
Temple in the areas surrounding City Temple and the marketplace so that more people might benefit
from the charitable aims of City Temple. The Eldership will do this in part by an increased
engagement with social media and the continuing development of its websites. Third, the Eldership
will continue to monitor and improve the financial policies and practices of the charity with a view to
supporting the aims and objectives of the charity financially and maintaining the financial welfare of the
charity. Fourth, the Eldership will continue its focus on advancing the ministry of the charity in
accordance with its aims and objectives as a Christian church as described above. Finally, and
perhaps most importantly at the time of writing, the Elders will continue to strategise and guide how
the church will work through the challenges posed by Covid-19 and the widespread lockdown of
churches. It is a testament to the health and strength of City Temple's Eldership that the church has
remained strong and fully supported its staff and residents throughout the pandemic so far.

City Temple URC
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Despite many challenges in recent years, the charity has built on an ongoing sense of health and
vitality throughout 2020. The Eldership expects the charity to continue its growth and development as
a key community asset in the western edge of the City of London in the years ahead.
Compiled and signed on 13 July 2021 by Rev. Dr. Rodney Woods, Minister of City Temple, on behalf
of the Trustees (Directors), in accordance with the Small Companies, Exemption
10.

City Temple URC
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of City Temple URC
Year ended 31 December 2020
report to the trustees on my examination of the financial statements of City Ternple URC ('the
charity,) for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts as carried out under section 145 of thp Charities Act 2011 ('the 2011 Act,). In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of the Association of Chartered Certified Accountants, which is one of the
listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair, view which
is not a matter considered as part of an independent examination. or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
11

City Temple URC
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of City Temple URC (contlnued)
Year ended 31 December 2020
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.
Joseph Robinsons FCCA
ROBINSONS CONSULTING LIMITED
Chartered accountant
Independent Examiner
5 Underwood Street
London
N17LY
13 July 2021
12-

City Temple URC
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2020
2020
Restricted
funds Total funds Total funds
2019
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
298,299
27,890
14
311,843
27,890
339,733
71,848
168,796
Total income
326,189
14
240,644
Expendlture
Expenditure on charitable activities
Total expenditure
225,588
239,118
261,879
225,588
239,118
261,879
Net income/(expenditure) and net
movement in funds
100,601
14
100,615
(21,235)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
91,436
12,272
103,708
124,943
192,037
12,286
204,323
103,708
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 14 to 23 form part of these financial statements.
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City Temple URC
Company Limited by Guarantee
Statement of Financial Position
31 December 2020
2020
2019
Note
Fixed assets
Tangible fixed assets
13
5,354
5,572
Current assets
Debtors
Cash at bank and in hand
14
27,998
138,705
201,617
201,617
166,703
Creditors: amounts falling due wlthln one year
Net current assets
15
2,648
68,567
198,969
204,323
98,136
Total assets less current liabilities
103,708
Net assets
204,323
103,708
Funds of the charlty
Restricted funds
Unrestricted funds
12,286
192,037
12,272
91,436
Total charity funds
18
204,323
103,708
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 13
July 2021, and are signed on behalf of the board by:
Rodney Woods
Trustee
The notes on pages 14 to 23 fomi part of these financial statements.
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City Temple URC
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2020
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is City Temple Holborn Viaduct, London, EC1A 2DE.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
(i)
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(li) Going concern
There are no material uncertainties about the charity's ability to continue.
(iii) Disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these
financial statements, as permitted by the FRS 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland":
(a) No cash flow statement has been presented for the LLP.(b) Disclosures in respect of financial
instruments have not been presented.
(iv) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall Into one of two sub-classes: restricted income funds or
endowment funds.
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City Temple URC
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
Accounting policies (continued)
(v) Incoming resources
Donations, legacies and other forms of voluntary income are recognised as incoming resources
when receivable, except insofar as they are incapable of financial measurement. Income tax
recoverable on Gift Aid donations is credited at the same time as the related donations and is
included in debtors in the Balance Sheet until received.
Income for room hire and events is credited to income at the time of the relevant event. Any such
income received in advance is carried forward as a current liability in the Balance Sheet.
(vi) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
f inancial activities to which it relates:
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those support
costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
(vii) Tangible assets
Tangible fixed assets other than freehold land are stated at cost less depreciations.
(viii) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and equipment
Boiler
10 % - 200/0 p.a. on cost
10 % straight line
(ix) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
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