ST ANDREW'S FROGNAL UNrrED REFORMED CHURCH CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 DECEMBER 2024 This repon tncludes infortnation reqUi￿d by the Chariite5 {Accounts and Rew)ns} RegulauoTrs 2(M)8 and (he Siaiement of Recommended Practice for Accounting by Chariiies 2005 as applicable to charities entitled ￿ prepare account5 on a receipts and payrnenrs basis. ADMINISTRATIVE INFORMATION Si Andrew'5 Frognal Es a I[￿al church of the Unired Refomied Chuich (URC) in G￿( Britain, a metnber of -churches Together in Camden, and a metnbei of the URC'5 Thatnes Norrh Sytlod. li Ès situaied on thejunciion of Finchlev Road and Frognal Lane in Hampstead. London, posicode NW3 7DY. It wa5 separately registered as a chatiiv on 21 November 2016. chatiiy no. 1170281. Its trusiees are the eldeT5.' Vicrotia Fergu50n. Andrew Glennie, John Meadows. Doreen Morgans. Anne Noble, David Noble, Susan Noble. Chrisiv 5awyer' and its treaSu￿_ Treviii Sieggles. The church building, the manse ai 42 Amiirage Rd, London NWII 8RD and the GaTden Flai, Orchard Mead House, 733 FÈncMey Rd. London NWI 18DJ, logethei with a 2(PA Share in the Tnan5e olTTinity, Camden URC ai U Willes Road. London NW5 3DS, are vesied in URC Thames North Trnsi as th￿teeS and held for the bEnefii 01 51 Andrew's Frognal URC in accordance with the applicable io URC propertie The church maintains bank accouTts wlth HSBC BaDk for ge]￿al use and holds 4 savings accounts= lh￿ with COIF (Charities Official Invesmienr Fund) admini￿er￿d by CCLA {Chariiy Collunission and Local AuthoTiiyI. and the othei with the Churches Mllillai Creibi Union. STRUCTURE GOVERNANCE AND MANAGEMEwr The church's aaivities are overseen by the Elder5, Meding accordance with the provisions ol The Strurture ol Ihe URC deiemiined by ihe General Assembly ol the URC and supplemented by the ndes of Si Andrew'5 Ftognal URC. The Eldet5' Meeiing. assisied bv its FiTtan£e and Fabric Committee. is responsible (or the financial adminisuaiion of (he church. and tht care and matnIenat￿e of the church prernises Eogether with the maEJSe and flai. Elders, meeting5 are nottnally held monihly. The Chur(h Meeting lof all who wish to aNendl gives geneial gu5daTrce on the life and work of the chu￿h." oTrly church metnbet5 have Noiing rights. New elder5 are elected by members of the church ai a church rneeiin& Their ierm of office 15 noi limited. The office5 of Secretsry and T￿asUrer are V￿ed on ai the AGM. OBJECTIVES AND ACTIVITIE5 As a local con8regation ol the URC, St Andftiw's seeks io advance the ChTiStian religion thTDugh its acliviiies and ihe facilities offered to the Co￿]￿U￿1￿ by building. li provide5 benefit 10 the public by= prowding resources and facilities loi public worship. paMoral care and spiritual. moral attd intelleaual developmeni. t#xh lor the COn8Tewion and for anyone else who wishes to benefii frorn what the chwth oflets- promoting ChTiSti3n values and seNce by membets of the congregation io the communiiy. lor the benefii oi uKI"Lviduals and wie¢y as a whole. Specifically il ofleTS Sunday mornsng WOF5bip. ly)th ai the church and on-line through Zoom, various Bible Study sessions, and thheT occasional serwces and evettts including weddings. funerals and chris(enÉngs. li a]so provtdes the main premises lor the WeThgelawii Eritrean Lutheran Church in London. REVIEW OF ACTIVTTIES AND ACHIEVEMETrrrs While the Tllintsrer's p051 is currenilv vacani. seThices We￿ conduaed in 50tne form every Sunilay. by visiting minisiers or by church eldeJ5 who are trained lay preachers. Since re opening ol (he church in 2021. follo￿n8 the Covid pandemic when seTvice5 were held usin8 Zoom, simuLtaneous broadcasis ol Ihe services via Zoom hal'e £ontÈnue(l. helping io bring the church 10 a wider congregation. The Finance and Fabric Committee have liaised regvlarly aftei services and by ielephone and etnail 10 ensure utnely and effective chuich mainienattce. Elders anil tsthers havÈ coniinued 10 make a wide varieiv of conlribuiion5'. in Ihe choir. piovidillg Eninistry. provÉding pasioral care, catcring. flowets. tnanaging hall lenings. propeny managernent eic. Thanks are due to all Mho make the church a welcoming feaiute ol rhe communiiy and a sale environmeni. paniculailv 10 Ihose who look the necessary aaions at relevani lime5 10 8rapple with new iechnolog), during and followllg Covid. FINANCIAL REVIEW In 2024 a deficit of 112,500 was recorded. However. this would have a small surplus of abou( £4.(KX) had the money from an insurance assessment and 50Tne outstanding rent been Teceived sooner. The reserves ai year end si(xxi at £493,0(K) of wkn.ch £492.fKX) was in uTrtP5triaed funds. The policy on resorves is that U￿￿tri0ed funds should exceed 12 month5 01 incotDe from hall lettings Icutrendy about £￿.(￿￿> in a nomal veat) this being ihe largesi single source of income. but ai risk il the hall were io become unusable for any rea50n (as IL wa5 in 2020). The church pays a coniribuiion 10 the L'RC'S Minisiry and ML55ion fund. this operating like a tax wilh diflereni raies on dEffe￿nI sources ul income. In 2024 ihe coniribution knas £48.lY)O. Because li work5 2 years in arrears leg 2022 conrribuiion based on 2020 income) it can cause signtlicar*t fluciuarions in annual surpluses or deficits. However, an underlyiEJg tx)sition close bTeak-even 15 expected io be achievable ovei the next years. pn)bably wilh small losses. The continuin8 use ol one-off legary receip15 from 2019 to fund Vario￿ iniiiatives ID line with Ihe church'5 mission is undei ieguiar considerauotl ihe trusrees. Special charity collellions in church have continued. AIM)ui £I.(KKI was donated in 2024 to a varieiy of causes. This report was approved by ihe Trusrees on t￿71￿￿4￿>0nd is signed on its I￿hnl[ ty the Church Secret(rry. ST ANDREWS FROGNAL UNITED REFORklED CHLIRCH p￿e1 F114APICIAL STATEPIEpifs FOR ThE YEAR ENDWIG 31.1124 RECEIPTS AND PAYMEP4fs ACCOSJMT 5Y8 2024 LASI Yèv FIv•*E RECEIPTS Ofdinary ¢d*clkirs Free¥nll offenng Othw donatv)D￿QWe￿ts Grf1￿4 lax iepaynydnts Inieresi Lettings ProKtrty rents Chanly special coVee•ons Other LegaLies Investsmert 9rowth lunreai*ai 252 8.731 9.195 9.195 2.013 12.433 50.896 131 2.144 12.413 2.031 11.691 42.517 53.259 525 7£17 7.817 25,502 144.509 121.124 762 121885 PAYMENTS ￿￿try & Fund Min￿le￿al expenses nse erpefjses 1.187 1.187 1950 5.645 11.224 13.595 1.188 10.970 239 Church mus Church waler.gas.eW.tei4 Insurance Prinkn*g. Siatsonery. IT c*arw setyw arvj m*etia C¢pyn9hts Chii1ren's chur charl￿eS Sub6¢npv)ns etc Fabnc Eyentslcatyinglfi￿TS Bafik chaFyes and mis￿lIar￿uS TMnu)g 1J.224 13.595 1.188 10.970 239 6.3n 12.528 11.273 3B 598 72 227 57.?75 74 207 72 227 289 289 Trtal paymonts NET RECEIPTS I {PAYMENTSI TrATr+SFERS bolwn hjnds 127514 8895 134.409 143.491 -6.3 .134 -12.524 1,018 CASH FUNDS blfwd 1 Ja¢Kbary CASH FUNDS cllwd 31 Oecembef 498 948 $989 505.938 SN.919 492. 59 55 493.413 STATEMENT OF ASSETS AIID LIABILinES Monetary assets SBC Current a¢wJnt HSBC btssiness accounl CCLAethi¢ai fvnd CCLAdeposrt fu Churche5 Mulual Credit unk Buiklefs Impres1 COIF IURCI Inveslmentattt Tolal monglary o$4ts Oth8¥ assots Gift Fecoverab Rental i*btors 19.942 42.979 258.177 122.664 14.192 19.942 42.979 258.177 122 6B4 15.247 94.698 2,187 251,281 111.969 15.20 2.000 31 926 32.647 32.647 492 620 1 055 75 509.271 Buiklings Chufch contems Church buibJirgs. manse and tst Furwry$and Llatylltles Cheoues nOtdea￿ al 31.12 3.333 APPROVED by th• chU￿h IAeetiny I I￿. and swJrEa on d5 teha Isynalurel ST ANDREWS FROGNAL UNITED REFORMEO CHURCH Pa9e 2 Financial stat•ments for the year ending 31.12.24 NOTES I ACCOUNTING POLICIES The financial statements have been prepa￿ in ￿OrdanCe vAth the Chantks Act 2071. using the Receipts and Payrnents basis available to small chaiit*. and the Unit8J Relormed Church guIdan￿. 2 FUND ACCOUNTING Unrestricted Funds may be us8d by trE church fry any of ts ordinary PEtrposes. Fund name & purpose.. Bala￿£ Receipts Pawnents In year £ myear£ Trar￿fer5 for yèar £ B8Lan Congregationamegacy fund 498.948 120.924 127.514 492.359 Totsls for ￿n￿trIct0d funds 498.918 120.924 127.514 492.359 Designated Funds represent unrestricted funds sei asKle by the church for Spectr￿ desffJnated purposes.. they G3n be transferred W Into general furmjs at the church's deciS￿n. Restricted funds represent income wh￿h may be expended onty on ttxjse restrKled obj'ects prtsvided In the tertns of a trust or bequest, or donat￿n$ or grants recwved or in¥rt￿ for a specffic purpose. These fut>ds can only be spent on the specffjic purpose for whth they were g*ven Any balance remalning unspent must be carned fo￿rd as a balance i)n that hJThJ lor futtsre exFwhJiture on that spetsk PUSI￿. ￿ retumed, rt cannot be abs0rt)ed into general fuTrYs. Fund name & purpxe.. Organ and Ch￿rfUnd Balance Rec¥pts Paynents Jnwr£ In year£ Transfers frKyear£ Balance 6.039 5.645 394 B trainin9 ￿nd ChaTrties fund Totals for r•strict8d funds 661 6.989 6.895 1.055 ThLS Year 2024 Totsl £ Last Year 2023 Totsl £ FLKwJ5 £ FutvJ5 É 3 MONIES PAID TO OUTSIDE CAUSES Christian Aid British legion Britssh Red Cros5 Mor(Kco app Brillsh Red Cros5 Libya appeal Marie Curie hospice Catnden cokl weather shelter URC Commrtrnent foi lrfe Total 499 20 316 80 1,000 1.000 70 37 350 55 303 2.947 4 MONETARY ASSETS Reslricted funds a￿ not held In separate accounts. bErt for conven￿￿ are sho•m under the CMCU w)unt Interest and investment gains have been alloated to the c(￿bIr￿d congwalionallFegacy funds. S ASSETS USED FOR CHURCH PURPOSES The Trustee5 of the church atMI manse buildiThJs are the URC Thames North Sync•J Trust who hcd¢Y them up)n Irust for purposes connected wrth St AndrÉw's FrL¥Jnèl URC. For insurance purpose5 the church buildirgs are insured for £23m and the contents for £172.0(K). The manse house and garden are insured for £700.1)CN). refi￿￿r￿a rebuild nci sale pnce lvthich was £1.43ml. ST ANDREWS FROGNAL UNITED REFORMED CHURCH Page 3 Financial statements for th• year ending 31.12.24 TREASURER'S STATEMENT I have prepared the financial statements for the year ending 31.12.24 T J Steggles Idatel INDEPENDENT EXAMINER'S REPORT I report on the financol statements lor St Andrev/s Friyjnal URC for the year ending 31.1224assetouton page5 1 and2. Rèspective responsibblities The church Is reswnsible for the prePar*￿n of the financial statements. and considers that the audrt requirement of section 144121 of the Charitiès Ad 2017 does nol apply It is my iesponsibility to state. on the basis of procedures specified In the General Directions given by thè Charity Commissioners under section 145 ol the Act. whether parbcular matteT5 have come to my aitenbon. Basis of Indgpendent Examinèrf5 report My exarnination wa5 carried out In accordance the General Directions of the Charty Commissioners. An Èxamifiation Includes a review of the accounting records kept by the church antj a comparison ol Ihe accounts presented those records It a150 includes consgderation of any unL¢sual Items or disclosure5 In the financial statements. and seeking explanations concernjng any such matte¥s. The procedures undertaken do not pFovide all the evidence that would be required In an audit. and eonsequenity I do not express an audit opinion on the view givÈn by the financial statements. Independent Examlntrfs statement In connection with my examination. no matter has Come to my attentK>n whiGh 111 gives me reasonable cause to believe that in any matenal respects the requirement5 to keep accounting records in accordance with section 130 of ihe 2011 Act. and to prepare accounts whFch accord with Ih05e record5 and comply with the accounting requirements of the Act have not been met. or 121 require. In my opinion. attentw)n to be drawn in ofder to enab￿ a proper understantjing c)f the accounts to be reached. SKJned by the Independent Examiner. date." 2£. g .ZoL Name and address of the Indetw(lent Examinw." C IIC;s 6,. i<.'L Relevant profession81 qualilicabon o¥ tody" Cl￿￿ ST ANDREWS FROGNAL UNITED REFORklED CHLIRCH p￿e1 F114APICIAL STATEPIEpifs FOR ThE YEAR ENDWIG 31.1124 RECEIPTS AND PAYMEP4fs ACCOSJMT 5Y8 2024 LASI Yèv FIv•*E RECEIPTS Ofdinary ¢d*clkirs Free¥nll offenng Othw donatv)D￿QWe￿ts Grf1￿4 lax iepaynydnts Inieresi Lettings ProKtrty rents Chanly special coVee•ons Other LegaLies Investsmert 9rowth lunreai*ai 252 8.731 9.195 9.195 2.013 12.433 50.896 131 2.144 12.413 2.031 11.691 42.517 53.259 525 7£17 7.817 25,502 144.509 121.124 762 121885 PAYMENTS ￿￿try & Fund Min￿le￿al expenses nse erpefjses 1.187 1.187 1950 5.645 11.224 13.595 1.188 10.970 239 Church mus Church waler.gas.eW.tei4 Insurance Prinkn*g. Siatsonery. IT c*arw setyw arvj m*etia C¢pyn9hts Chii1ren's chur charl￿eS Sub6¢npv)ns etc Fabnc Eyentslcatyinglfi￿TS Bafik chaFyes and mis￿lIar￿uS TMnu)g 1J.224 13.595 1.188 10.970 239 6.3n 12.528 11.273 3B 598 72 227 57.?75 74 207 72 227 289 289 Trtal paymonts NET RECEIPTS I {PAYMENTSI TrATr+SFERS bolwn hjnds 127514 8895 134.409 143.491 -6.3 .134 -12.524 1,018 CASH FUNDS blfwd 1 Ja¢Kbary CASH FUNDS cllwd 31 Oecembef 498 948 $989 505.938 SN.919 492. 59 55 493.413 STATEMENT OF ASSETS AIID LIABILinES Monetary assets SBC Current a¢wJnt HSBC btssiness accounl CCLAethi¢ai fvnd CCLAdeposrt fu Churche5 Mulual Credit unk Buiklefs Impres1 COIF IURCI Inveslmentattt Tolal monglary o$4ts Oth8¥ assots Gift Fecoverab Rental i*btors 19.942 42.979 258.177 122.664 14.192 19.942 42.979 258.177 122 6B4 15.247 94.698 2,187 251,281 111.969 15.20 2.000 31 926 32.647 32.647 492 620 1 055 75 509.271 Buiklings Chufch contems Church buibJirgs. manse and tst Furwry$and Llatylltles Cheoues nOtdea￿ al 31.12 3.333 APPROVED by th• chU￿h IAeetiny I I￿. and swJrEa on d5 teha Isynalurel ST ANDREWS FROGNAL UNITED REFORMEO CHURCH Pa9e 2 Financial stat•ments for the year ending 31.12.24 NOTES I ACCOUNTING POLICIES The financial statements have been prepa￿ in ￿OrdanCe vAth the Chantks Act 2071. using the Receipts and Payrnents basis available to small chaiit*. and the Unit8J Relormed Church guIdan￿. 2 FUND ACCOUNTING Unrestricted Funds may be us8d by trE church fry any of ts ordinary PEtrposes. Fund name & purpose.. Bala￿£ Receipts Pawnents In year £ myear£ Trar￿fer5 for yèar £ B8Lan Congregationamegacy fund 498.948 120.924 127.514 492.359 Totsls for ￿n￿trIct0d funds 498.918 120.924 127.514 492.359 Designated Funds represent unrestricted funds sei asKle by the church for Spectr￿ desffJnated purposes.. they G3n be transferred W Into general furmjs at the church's deciS￿n. Restricted funds represent income wh￿h may be expended onty on ttxjse restrKled obj'ects prtsvided In the tertns of a trust or bequest, or donat￿n$ or grants recwved or in¥rt￿ for a specffic purpose. These fut>ds can only be spent on the specffjic purpose for whth they were g*ven Any balance remalning unspent must be carned fo￿rd as a balance i)n that hJThJ lor futtsre exFwhJiture on that spetsk PUSI￿. ￿ retumed, rt cannot be abs0rt)ed into general fuTrYs. Fund name & purpxe.. Organ and Ch￿rfUnd Balance Rec¥pts Paynents Jnwr£ In year£ Transfers frKyear£ Balance 6.039 5.645 394 B trainin9 ￿nd ChaTrties fund Totals for r•strict8d funds 661 6.989 6.895 1.055 ThLS Year 2024 Totsl £ Last Year 2023 Totsl £ FLKwJ5 £ FutvJ5 É 3 MONIES PAID TO OUTSIDE CAUSES Christian Aid British legion Britssh Red Cros5 Mor(Kco app Brillsh Red Cros5 Libya appeal Marie Curie hospice Catnden cokl weather shelter URC Commrtrnent foi lrfe Total 499 20 316 80 1,000 1.000 70 37 350 55 303 2.947 4 MONETARY ASSETS Reslricted funds a￿ not held In separate accounts. bErt for conven￿￿ are sho•m under the CMCU w)unt Interest and investment gains have been alloated to the c(￿bIr￿d congwalionallFegacy funds. S ASSETS USED FOR CHURCH PURPOSES The Trustee5 of the church atMI manse buildiThJs are the URC Thames North Sync•J Trust who hcd¢Y them up)n Irust for purposes connected wrth St AndrÉw's FrL¥Jnèl URC. For insurance purpose5 the church buildirgs are insured for £23m and the contents for £172.0(K). The manse house and garden are insured for £700.1)CN). refi￿￿r￿a rebuild nci sale pnce lvthich was £1.43ml. ST ANDREWS FROGNAL UNITED REFORMED CHURCH Page 3 Financial statements for th• year ending 31.12.24 TREASURER'S STATEMENT I have prepared the financial statements for the year ending 31.12.24 T J Steggles Idatel INDEPENDENT EXAMINER'S REPORT I report on the financol statements lor St Andrev/s Friyjnal URC for the year ending 31.1224assetouton page5 1 and2. Rèspective responsibblities The church Is reswnsible for the prePar*￿n of the financial statements. and considers that the audrt requirement of section 144121 of the Charitiès Ad 2017 does nol apply It is my iesponsibility to state. on the basis of procedures specified In the General Directions given by thè Charity Commissioners under section 145 ol the Act. whether parbcular matteT5 have come to my aitenbon. Basis of Indgpendent Examinèrf5 report My exarnination wa5 carried out In accordance the General Directions of the Charty Commissioners. An Èxamifiation Includes a review of the accounting records kept by the church antj a comparison ol Ihe accounts presented those records It a150 includes consgderation of any unL¢sual Items or disclosure5 In the financial statements. and seeking explanations concernjng any such matte¥s. The procedures undertaken do not pFovide all the evidence that would be required In an audit. and eonsequenity I do not express an audit opinion on the view givÈn by the financial statements. Independent Examlntrfs statement In connection with my examination. no matter has Come to my attentK>n whiGh 111 gives me reasonable cause to believe that in any matenal respects the requirement5 to keep accounting records in accordance with section 130 of ihe 2011 Act. and to prepare accounts whFch accord with Ih05e record5 and comply with the accounting requirements of the Act have not been met. or 121 require. In my opinion. attentw)n to be drawn in ofder to enab￿ a proper understantjing c)f the accounts to be reached. SKJned by the Independent Examiner. date." 2£. g .ZoL Name and address of the Indetw(lent Examinw." C IIC;s 6,. i<.'L Relevant profession81 qualilicabon o¥ tody" Cl￿￿