BARNET UNITED REFORMED CHURCH AND EWEN HALL CHARITIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023
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 2022 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 7 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 in December 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, Rainbows and a club for pre-school children and their carers..
FINANCIAL REVIEW
Income for the year ending 31[st] December, 2023 was £106,510 and expenditure was £143,417 meaning a deficit of £36,906.
£30,941 came from hiring out the Ewen Hall and other rooms, and £35,876 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 £23,053 to the URC central ministry and mission fund, £44,905 on church running costs and £45,540 for maintenance of buildings.
Barnet United Reformed Church has a reserve fund of £141,239 which is invested by the URC Thames North Trust.
BARNET UNITED REFORMED CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT Page 1 This Year 2023 Total £ Last Year 2022 Total £ un¢slri¢re Furhds £ R68tncted Fu$ È Funds£ RECEIPTS Offerings Fund raising and donations Church Organis31ions Monies raised for outside cau8es Gift Aid tax repayments '.j-' Legacies -. Gift D8y ' Property- lettings "" @, Property- Ghurchlhall users .- URC Grants Interest Free Loan Weddings and Funerals St. Andr&v18 Chesterfield Road Bank interest & Inv&slment income 5,726.34 50.00 5,726.34 50.00 850.00 600.00 0.00 0.00 0.00 35.876.80 30,941.00 0.00 25.000.00 0.00 0.00 7.466.75 6,052 19 240.00 850.00 5(NJ.00 2,224.78 0.00 0.00 31.434.52 36.573.05 0.00 0.00 0.00 772.01 2,248.72 0.00 850.00 600.00 35.876.60 30.941.00 25.000.00 0.00 12 128.58 6.730.25 607.52 Totsl recelpts 72.722.52 6.730.25 27.057.92 106.510.69 80,895.25 PAYhlENTS Ministry & Mission Fund Ministe¢s exp&ns6$ Church running c051$ Prffjramme activty cost5 Support of outside ¢auses MainteTran ol ettur¢h building6 Maintenance ol Manse Relomi Ma98ne Repayment of Lo&n Total paymgnts NET RECEIPTS I IPAYMENTSI TRANSFERS beeen funds 23.053.32 447.64 44,905.83 837.96 785.( 45.540 74 1,373.45 23,053.32 471 15 45.755.83 837.96 1.385.00 45,540.74 1,373.45 0.00 25,000.00 22,192.04 352 49 33,301 93 889 99 1,385 00 29,262.69 2.943.43 0.00 20.000.00 23.51 850.00 600.00 25,000 (M) 141,943.94 0.00 1.473.51 143,417.45 110.327.57 -69,221.42 6,730.25 25,584.41 -36,906.76 -29.432.32 CASH FUNDS blhyd 1 January CASH FUNDS clfwd 31 December 49,22142 6,730 25 25,584.41 -36,906.76 -29.432.32 STATEMENT OF ASSETS AND LIABILITIES MoneLiry assets 8ank current account Deposlt account Rent Income Account COIF Accounts 1.537.97 1,537.97 5.33 3.84 141,239.19 1.478.56 7.814.94 11,869.05 159,430.54 5.33 903.84 132,895.38 8,343.48 Totsl monetary assets Other assets Investments at market value 10 2.441.81 132,895.38 8.348.81 143,686.33 180,593.09 15.096.73 15,096.73 14.861.22 Assets used for church purpos8S Church Building 43. The Croft, Bamet EN5 2TN 27. Union StreeL Bamet EN5 4HY Church contents Organ Llablllties Loans outstanding Significant creditors 6,036,857 353,100 211,858 100,045 331.499 APPROVED by thè Tru$tèè3 on .14 by Lvl brMI)4IL kLA>ff Inamel and si on thèir behalf Isignaturel The notss on pages 2 and 3 fomi part olthls fm8ncialslatemenl
BARNET UNITED REFORMED CHURCH Page 2 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES 1 ACCOUNTING POUCIES The financial stslements have been prepared in accordance with the Charities Act 2011 Section 132, using the Receipts and Payments ba515 available to small charities (Section 1331 and the URC guidance. 2 FUND ACCOUNTING Unrestrictèd Funds may be used by the church for any of SIS ordinary purpc)ses. Deslgnated Funds represent unreslricled funds sel aside by the church for specific designated purposes,. they can bè transferred back into general funds al the church's decision. Balance 'ReiptS b1£ in year £ 159,430.S4 6,730.25 Fund name & purpose.. Payrnents in year £ Transfers for year £ 24.921.60 8.343 48 33.265.08 Balance cld £ 141,239.19 Reserve fund Totals for deslgnated funds 132,895.52 Restrlcted Funds represent income which may be expended only on those reslricled objects provided in the lernis 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 rnusl be carried forward as a balan on that fund for future expenditure on that spectfic purpose, or returned,. il cannot absorbed into general funds. 159,430.54 6,730.25 000 Fund name & purpose.. Balance ReIpts in year £ 600 00 91.10 23.51 25.23 468.08 0.00 0.00 1,207.92 Payments in year £ Balance cl£ 0.00 1,994.28 0.00 335.81 5.233.92 785.00 0.00 8,348.81 Monies raised for outside causes Halley Stewart Trust Minister's Expenses Junior Church Fabric Account Gift Days Donations for specific items Totals for restrlcted funds 600 00 0.00 23.51 1,903 18 0.00 310.38 4,765.84 785.00 0.00 7,764.40 0.00 623.51 This Year 2023 Total £ Last Year 2022 Total £ Unre51ricted FurKls £ Designated Funds £ Restricted Funds £ 3 MOMIES RAISED FOR OUTSIDE CAUSES C51 and Shelter Disasters Emergency Committee 400.00 200.00 400.00 200.00 500.00 Totsls ralsed for outside causes 0.00 0.00 600.00 600.00 500.00 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 LInCeS and Music Copyright Cleaning Domestic Sundries Garden Maintenance Misc?Ilaneo)us Expenses Bank and Trust Charges Totsl church running costs 30.941.00 35,876 60 30,941.00 35,876.60 0.00 0.00 36,573.05 31,434.52 0.00 0.00 66,817.60 0.00 0.00 66,817.60 68,007.57 350.00 15,666 13 7.244.15 944.43 1,997.17 348.05 1,246 10 8,780.00 2,106.85 6,032.01 36.4Q 154.45 350.00 850.00 16,516.13 7,244.15 944.43 1,997.17 348.05 1,246.10 8,780 00 2,106.85 6,032.01 3849 154.45 615.00 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 44,905.83 0.00 850.00 45.755.83 33,301 93
BARNET UNITED REFORMED CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES - continued Page 3 This Year 2023 Total £ Last Year 2022 Total £ Unrestricted Fund$ £ Designated Funds £ Reslricled Funds £ 6 PROGRAMME ACTIVITY COSTS Junior Church Catering Christmas Services 0.00 31.96 806.00 0.00 31.96 806.00 0.00 135.99 754.00 Total programme actlvlty costs 7 SUPPORT OF OUTSIDE CAUSES Churches Together Subscription British Legion Poppy Appeal Crisis Shelter Disasters Emergency Committee 837.96 0.00 0.00 837 96 889 99 165 00 2000 165.00 20.00 200.00 200.00 200.00 165 00 20.00 250.00 250.00 200.00 20Q.00 200.00 Christians Against Povety North London Hospice Good Neighbour Scheme London City Mission Bible Society Still Waters Trust 1 CKg.00 100.00 1 DO.OQ 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 200.00 100.00 10000 100.00 100.00 100.00 Total $upport of outside Causes 8 MAINTENANCE OF CHURCH BUILDINGS Church and Ewen Hall Flats and 27 Union Street 785.00 0.00 800.00 1,385 00 1,385.00 41,820.12 3,720.62 45,540.74 41,820.12 3,720.62 16,557.94 12.704.75 Total maintenance of church buildings 9 MAINTENANCE OF MANSE Manse 0.00 0.00 45,540.74 29,262.69 1.373.45 1,373.45 2,943.43 Totsl maintsnance of mansg 10 MONETARY ASSETS The church monies are not held in segregated accounts, bul for the sake of this financial statement the total of each account is allocated appropriately over the various funds. 11 ASSETS USED FOR CHURCH PURPOSES The church building and the Manse al 43, The Croft, are v¥sted in IURC Thames North Trusll as trustee5 and are not church assets. They are held for the benefrt of Barnet UR Church in accordance wth the statutory trusts apllicable to URC propèrtiès under the URC Acts For insuran¢e purposes the church buildings ara insuréd by the church for £6.036,857. The Manse for £353,100 and 27, Union Street for £211,858. The Church contents are 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.
BARNET UNITED REFORMED CHURCH Page 4 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 TREASURER'S STATEMENT I have prepared the financial statements on pages 1 to 3 for the year ended 31 December 2023 trom the accounting records of the church. Alan King Inamel //a r- {datel INDEPENDENT EXAMINER'S REPORT I report on the financial statements of Bamet URC for the year ended 310ecember 2023, which are sel out on pages 1 to 3. Respective responsibilities The church is responsible for the preparation of the finantial statements, and considers that the audit requirement of Section 144121 of the Charikn'es Act 2011 (the Act) does not apply. It is my responsibility lo slate, on the basis of procedures specified in the General Direcb'ons given by the Charity Commissioners under Section 14511 Ila) of the Act, whether parbcular mallers have come to my attentKIn. Basis of Independent Examiner's report My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the ¢hurch and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. Independent Examlnerfs statement In connection with my examination of the chur¢h funds, nothing came lo my attention which gave me cause lo believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. l am not aware of any matter to which allenlion should be drawn in order to enable a proper u derstand ng of the financial statements to be reached. Signed by the Independent Exarniner.. date.. Ji l Q)ioi+ Name and address of the Independent Iner.. ){$lL. A . k4ApJs HEf l(A (5oFt) C>fr