**BARNET UNITED REFORMED CHURCH AND EWEN HALL CHARITIES** REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2022 This report includes information required by the Charities (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice for Accounting by Charities 2005 as applicable to charities entitled to prepare accounts on the receipts and payments basis ## ADMINISTRATIVE INFORMATION Barnet United Reformed Church Charity is a local church of the United Reformed Church in Great Britain, and is a member church of Thames North Synod of the Church. It was registered on 18[th] February, 2019 as Charity Number 1182081. Barnet United Reformed Church is situated at Ewen Hall, Wood Street, Barnet. EN5 4BW. The members of the Elders’ Meeting for the time being are recognised as the charity trustees. Those who served from 1st January 2020 until the date this report was approved are: Mrs Jill Adams, Mrs Alison Atkinson, Barry Corradine, Mr Alan King, Mrs Susan Stemson Rev Dominic Grant The Church building, Ewen Hall and houses at 43, The Croft, Barnet, EN5 2TN and 27, Union Street, Barnet EN5 4HY are vested in Thames North Trust company as trustees and held for the benefit of Barnet URC in accordance with the trusts applicable to URC properties. ## STRUCTURE, GOVERNANCE AND MANAGEMENT The activities of Barnet United Reformed Church are overseen by the Elders’ Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of the United Reformed Church, and supplemented by the rules of Barnet United Reformed Church. The governing document of the registered charity is a statement adopted by the Church Meeting. The Elders’ Meeting is responsible for the financial administration of the Church, and the care and maintenance of Church premises and the manse. The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church. The members of the Elders Meeting are the minister in pastoral charge (if any) and up to 12 members of Barnet URC nominated and elected by the members of Barnet URC in Church Meeting. Elders serve for 3 years, retire by rotation and are eligible for re-election. There is no limit on the number of consecutive periods of service. The members of the Elders’ Meeting are the trustees of the registered charity during their period of service as elders. The Elders’ Meeting met 10 times during the year. It is assisted in the administration of the Church and its property by committee established for property management. The Church Meeting met 9 times during the year. ## OBJECTIVES AND ACTIVITIES As a local congregation of the United Reformed Church, Barnet United Reformed Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its buildings. The Elders’ Meeting is aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church. The Elders’ Meeting believes that, the Church provides benefit to the public by: • providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers; • promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole. ## REVIEW OF ACTIVITIES AND ACHIEVEMENTS Barnet URC held worship services every Sunday morning throughout the year. Evening services took place each Sunday from the end of November leading up to Christmas and on a few other occasions during the year. We have a Boys’ Brigade and Girls’ Association, numbering about 100 members, as well as Brownies and Rainbows. ## FINANCIAL REVIEW Income for the year ending 31[st] December, 2022 was £80,895 and expenditure was £110,328 meaning a deficit of £29,433. £36,573 came from hiring out the Ewen Hall and other rooms, and £31,435 from the rental income of our house and three flats. The remainder of the income consisted of gifts and donations from members and friends who attend our services and activities. The main expenses were £22,192 to the URC central ministry and mission fund, £33,302 on church running costs and £32,206 for maintenance of buildings. Barnet United Reformed Church has a reserve fund of £159,431 which is invested by the URC Thames North Trust. BARNET UNITED REFORMED CHURCH Page 1 FINANCiAL STATEMENTS YEAR ENDED 31 DECE￿IBER 2022 RECEIPTS AND PAYMENTS ACCOUNT Thjo Year L#$f Ytar Un￿s1￿cle￿ Fund$£ D•$ign81ed Funds É Resthcted FurwJs£ 2022 Total £ 2021 Total £ RECEIPTS Offerings Fund raising and dtsnations Church Organisalions Monies raised for outside causes Gift Aid tax repayment5 Lega¢ie$ Gift Day Property- lettings Propety- churehlhall users URC Grants Interest Free Loan Weddings and Funerals st. Andrews Chesterfield Road Bank interest & investment income 6,052.19 240.00 8,052.19 240.00 850 00 500.00 2,224.76 0.00 0.00 31,434.52 36,573.05 0.00 0.00 0.00 772.01 2,248.72 4.876.52 11,010.00 850.00 350.00 850.00 500.00 2.224.76 0.00 31.434.52 36.573.05 41.783.81 27.302.25 4(X) 00 61￿.80 635 95 772.01 628 62 12 22.66 1,597.44 Total r•eèipts 76.547.18 1,597.44 2.750.63 80,895.25 87.298.98 PAYMENTS Ministry & M15510n Fund Ministerfs expense5 Church running costs Programrne activity costs Support of outside causes Maintenance ol church buildings Maintenance of Manse Refomi Maga21ne Repayment ol Loan Totsl payments NET RECEIPTS I IPAYMENTSI TRANSFERS betsveen funds 22.192.04 317.29 32.451.93 689.99 885.00 29.262.69 2.943.43 22,192.04 352.49 33,301.93 889.99 1.385.00 29.262.69 2,943.43 0.00 20,000.00 18.717.73 281.56 35,425.85 815.46 839.50 30.425.82 1.262.46 35.20 850 00 500.00 20.000.00 108,942.37 0.00 1.385 20 110,327.57 87.803 88 -32.395.19 1,597.44 1.365 43 -29,432.32 -504 90 CASH FUNDS blfvvd 1 January CASH FUNDS clhvd 31 December -32,395.19 1,597.44 1.365 43 -29,432 32 -504 90 STATEMENT OF ASSETS ANO LIABILITIES Monetary assets Bank current 8¢counl Deposit account Rent Income A￿Ount COIF Accounts 1,478.56 50.54 11,869.05 1,478.56/ 7.814 94 J 11.8e905/ 159.430 54 0 3.559.12 7.170.98 1.422.21 197,833 10 7,764.4D 159,430.54 Totsl monetary assÈts Other assets Investrnents at market valua 13,398.15 159.430 54 7,764 40 180,593.09 210,025.41 14,861.22 14,861.22 J 16,713.78 Assets used for church purpo¥eB Church Building 43, The Croft, Barnet EN5 2TN 27. Union Street, Bamet ENS 4HY Church contents Organ Llablliti•8 Loans outstanding Significant creditors 6.036,857 353.IOD 211.858 100.045 331,499 0.00 0.00 20.000 APPROVED by the Trustees on 7 UALi.ti 6OaS by Lvl Efj04i>J,C irKANfi Inamèl their behalf Isignaturel The notes on p8ges 2 &nd 3 fomy psrtof Ihis fin&nci8l$l$temerJt BARNET UNITED REFORMED CHURCH Page 2 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES I ACCOUNTING POLICIES The financial statements have been prepared in accordance wlh the Charities Act 2011 Section 132, using the Re¢eipls and Payrnenls basis available to small charities (Section 1331 and the URC guidance. 2 FUND ACCOUNTING Unrestrlcted Funds may be used by the church for any of its ordinary purposes. DesignatÈd Funds represent unrestricted funds sel aside by the church for specific designated purposes,. they can be transferred back into general funds at the church's decislon. Fund name & purpose: Balance Receipts blfwd £ in year £ 197,833.10 1,597.44 Payrnents in year £ Transfers for year £ 40,000.(K) Balanie clfwd £ 159,430 54 Reserve fund Totals for designated funds 197,809.61 1.597.44 40,000.C() 159,430.54 Restrlcted Funds represent income which may be expended only on those restricted objects provided in the terms of a trust or bequest, or donations or grants received or invited for a specific purpose. These funds can only be spent on the specific purpose for which they were given. Any balance remaining unspent musl be carried forward as a balance on that fund for future expenditure on that specific purpose, or retumed, it cannot be absorbed into general funds. Fund name & purpose.. Balan blfwd £ 0.00 1.774.10 Receipts in year £ Payments in year £ 500.00 0.00 35.20 0.00 0.00 0.00 0.00 535.20 Balance Monies raised for ¢JJtside eauses Halley Stewart Trust Minister's Expenses Junior Church Fabric Account Gift Days Donakn'ons for specific items Totals for restrictsd funds 500 00 129.08 35.20 30.24 434.10 o.oo 0.00 1,12862 0.00 1,903 18 0.00 310 38 4,765.84 785.00 0.00 7,764.40 280.14 4,331.74 785.00 o.oo 7.170 98 This Year 2022 Tot81 £ Last Year 2021 Total £ Un￿51￿Cted Funds £ DesvJnated F￿d$ £ Restricted Funds £ 3 MONIES RAISED FOR OUTSIDE CAUSES Crlsis and Shelter 500.00 500.00 350.00 Tota13 ralsed for outside causes 0.00 0.00 500.00 500 00 350.00 4 PROPERTY INCOME Hall hire income Rent income URC Grant Weddings and funerals Total property income 5 CHURCH RUNNING COSTS Pulpit Supply Utilities Insurance Organ and Pianos Printing and Publicity Technology Licences and Music Copyright Cleaning Domestic Sundries Garden Maintenance Miscellaneous Expenses Bank and Trust Charges Total ¢hur¢h runnlng costs 36,573.05 31,434.52 36,573.05 31,434.52 0.00 0.00 27,302.25 41,783.81 0.00 400 00 0.00 68,007.57 0.00 000 68,007.57 69,486.06 615.00 10,749.33 6.471.37 228.43 540.73 231 97 0.00 9,421.42 1,101.70 2,840.64 128.80 122.54 615.00 850.00 11,599.33 6,471.37 228.43 540 73 231.97 0.00 9,421.42 1,101.70 2,840.64 128.80 122 54 300.00 11,413.01 6,111.10 1.454.77 1,085.17 555.71 1,390.28 8,830.00 1,876_21 2,131.99 246.92 30.69 32,451.93 0.00 850.00 33,301.93 35,425.85 BARNET UNITED REFORMED CHURCH Page 3 FINANCIAL STATEMENTS YEAR ENDED 31 DECEM8ER 2021 NOTES - continued This Year 2022 Total £ Last Year 2021 Total £ ￿n￿61￿Cted Funds £ Designated Funds £ Reslri¢led Fund8 £ 6 PROGRAMME ACTIVITY COSTS Junior Church Catering Christmas Services 0.00 135,99 754.00 0.00 120.46 695.00 135.99 754.00 Totsl programme actlvlty costs 7 SUPPORT OF OUTSIDE CAUSES Churches Together Subscription British Legion Poppy Appeal Crisis Shelter 889.99 0.00 0.00 889.99 815.46 165.00 20.00 165.00 20.00 250.00 250.00 72.00 17.50 175.00 175.00 250 00 250.00 Christians Against Poverty North London Hospice G¢)od Neighbour Scheme London City Mission Bible Society Sb'll Waters Trust 200.00 100.00 100.00 100.00 100.00 100.00 200.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 loo.00 Total support of outslde causes 8 MAINTENANCE OF CHURCH 8UILDINGS Church and Ewen Hall Flats and 27 Union Street 885.00 500 00 1,385.00 839 50 16.557.94 12,704.75 16,557.94 12,704 75 29,262.69 29,732.42 693 40 Total maintenanca of church bulldlngs 9 MAINTENANCE OF MANSE Manse 29,262.69 o.oo 0.00 30,425 82 2.943.43 2,943.43 1,262.46 Total malntenance of manse 10 MONETARY ASSETS The church monies are not held in segregated accounts, but for the sake of this financial statement the total of each aecounl is allocated appropriately over the various funds. 11 ASSETS USED FOR CHURCH PURPOSES The church building and the Manse al 43, The Croft, are vested in IURC Thames North Trusll as Iruslees and are not church assets. They are held for the benefit of B8rnet UR Church in accordance with the slalulory trusts apllicable lo URC properties under the URC Acts. For insurance purposes the chtjrch buildings are insured by the church for £6,036,857. The Manse for £353,100 and 27, Union Street for £211,858. The Church contents ar8 insured by the Church for £431,445. 12 INVESTMENTS HELD FOR CHURCH PURPOSES Thames North Synod Trust company holds on behalf of the church investments representing Money received as legacies or other gifts. The release of this to the church is decided by the church alone. Amounts received during the year are Included in these accounts.