REGISTERED CHARITY NUMBER: 1190784
Re
rt of the Trustees and
Flnancl I Statements for Iho Y8ar Efjd￿ 31 De¢ember 2
fo
Hortford Tow
Chu
Page 1 of16

Hertford Town Church
Contents of the Flnancial Statemonts
for the Y ar Ended 31 December 2023
Pag•
Report of th¢ Trustees
Independent Examlnefs Report
statement ot Flnanclal Actfvities
Balance Sheet
Notes to the Flnancial Statgmonls
10 to 16
Page 2 of 16

Hertford Town Church
Re
ort of the Trustees
h Year Ended 31 December 20
The trustees present Iheir report with Ihe financial statements of the charity for the year ended 31 December
2023. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities prepaiing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (published Octr)ber 20191.
OBJECTIVES AND ACTivrriES
Objectlves and alm8
The purposes of the church are."
1. The advancement of the Christian faith in accordance with the Basis of Faith primarity but not
exclusively within Hertlord and the surrounding neighbourhood," and
2. Such other charitable purposes as shall, in the opinion of the charity trustees. put into practice the
Chrislian faith in accordance wrfh the Basis of Faith. including but not limited lo.. the prevention and
relief of need, hardship and sickness", the advancement of education,. and the provision of facilities in
the inte￿$tS of social wellare for rec￿ation or other leisure time occupation of individuals who have
need of such facilits.es by reason of their youth, age infirmty or disability. financial hardship or social
¢ircumstan¢es with the object of improving their conditions of lrfe
provided that the advan￿ment of such purposes must be undertakon in a manner that is consistent with
the Doctrinal Distinctives and Ethical Statements as may be adopted and amended by the church from
time to time.
Page3of16

Hertford Town Church
Re
rt of the Trustees
for the Year Ended 31 Decembgr 2023
OBJECTIVES AND ACTIVITIES (continued)
The church's mlnistries
In fulfilment of these purposes, the church appointed Josh as pastor in April 2023, responsible for
maintaining a regular ministy and pastoral care for the congregation. Extensive use is made of the regular
church attendees who willingty volunteer their time lo, for example, support children's work. undertake
visrtslphone Calls tr) church members and other regular attendees, provide oversight, maintain the premises
and serve in the wider communty.
The chur¢h ha$ brought benefit through..
1. A programme of meetings and events which seeks to deepen the spiritU81 INes of Ihose attending the church.
help them lo live out the Christian life where they live and work, and provide opportunities for other members
of the public lo hear the Christian gospel. Our meetings included..
moming services each Sunday (now liv&stre8med for Ihose not able to meet in per50n). A nearby chufch
hall 1$ rented as the church had outgrown the Space in the church building-.
morning Sunday sthool.,
a mid-week programme, including meetings for b)th prayer and teaching,.
a summer holiday club for Child￿Th
monthly church lunches,. and
Christmas carol services.
2. Encouragement lo those who attend the church to PTay for the wider church. the needs of the worhj and to
volunteer their time in the name of Christ to serve the needs of the communfy. Prayer meeb.ngs were largely
held in person. occasionally online.
3. Buildings whtch provide for Sunday worship and facilitate meetings throughout the week and for the
encouragement of the Christian faith amongst all ages within the local commun￿. These were enhanced with
the provision of equipment to enable the live broadcast of services lo those unable to attend in per30n.
Publ1¢ b8nefft
The Trustees are aware of the Charity Commission's guidance on public benefit IPB1). They consider that the
church's objectives and activitses, and their de¢ision-making in relation thereto, are and have been consistent
with that guidance.
Grant makfng
There are specialty announced appeals with the monies donated being given directly to the organisation
cor¢cerned- and when it spans a financial year end, some of the in¢ome is shown in one financial re￿rt. with
the remainder of the income and the grant being made in the following years financi81 report. Research into a
suitable project is undertaken by the Trustees and the project approved by the Trustees. Reports are received
from the organisalion on the benefit derived from that giving. Such grants are made as reslricled gffts and. for
the period covered by this annual report, were for the following purposes..
- Christmas 2022.. Operation Mercy
- Christmas 2023.. Interserve
ACHIEVEMENT AND PERFORMANCE
Charitable a¢tivities
During 2023, the church has continued lo focus on tsaching the Bible and promoting prayer and fellowship,
including through the leaching and outreach ministries outlined above.
In addition to weekly serviees and mtd4veek fellowship and teaching, there were two bapl$ms12022: one), no
weddings12022'. one) and no bJnerals12022'. one) durin9 the year.
Page4of16

Herttord Town Church
Rg
ort of the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Prin¢ip•l funding sources
The church is dependent on donations made by those who attend the church and other donors. The amount
given has steadily increased throughout 2023 as the number attending the chur¢h has increased. For the
period ended 31 December 2023 the church received Un￿stricted donations of £49,716 plus restrrted giving
of £4.218. In addition. Spicer Street Church provided support of £33,750 in 2023 towards the cost of a pastor.
Invostment pollcy and objectives
The church's investment assets compTtse the church building. The value ofthe propety is reviewed from time
to time by the Trustees and Treasurer to ensu￿ that the market valye is greater than the investment. The
remaining financial as5els of the church a￿ held in an instsnt access bank current account. There is no
exposure to stock market shares.
Regerves poIIcy
The Trustees policy 1$ to maintsin a reserve of at least three months, expenditure. It rs not the policy of the
church to build up general reserves, preferring to rely on God's providence to meet needs as th8y arise.
Property and Land
The propety and land consisting of Hertford Town Church are owned by the church.
FUTURE PLANS
Several ¢tems are proposed for 2024. These have aTisen through an ongoing review of activibes and a deslre
to enable those outside the church to understand the gospel of Jesus Christ. Such plans include=
- Continuing to share the Christian farth with others.,
- Continuing to welcome the new people who are attending the church..
Facilitating fellowship amongst those attending the church..
- Our firsl Easter holiday club and our third summer holiday club for children..
- Commencement of Town Tots, a weekly group for parentslcarers with chitdren up to the age of 5..
- A church away day,. and
- The continued rolling out of affiliate membership at the church to help identify who belongs to the church. to
help with govefnance, and to encourage seNice in the church.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The church's governing document is a written Constitution approved and adopted at a Trustees members,
meeting held on 21 July 2020. The church is a Charitable Incorporated Organisation. with registration number
1190784.
Re¢ruitment and appointment of now Iru$teo8
Appointrnent of Trustees is Set out in the Constitution. Tnjstees are appointed by the Trustees and serve as
elders
and a pastor would beGome a tfustee on appointment by virtue of their role as an elder.
Recommendakn'ons for new Trustees are brought lo the tnjstees meets'ng by the existing trustees. They are
appointed al a Ttustees meettng via a resolution that must be pa55ed by a 75°k majority of the quorum then
present.
Or9anisalional structure
The Trustee5 arKI Treasurer regulady review and dis¢u$$ the affairs of the church.
Inductlon and tralnlng of new offl¢er8
New Tnjstees and Treasurers are briefed as necessary on their obligats'ons under charity law, the Con$titutKJn
and the decision-making processes of the church.
Safeguarding
Hertrord Town Church's ministy for children and young peopte operates under 8 Safeguarding Policy and
Procedures tailored to the needs of that ministry. The Policy and the Procedures were reviewed and adopted
by the Tfustees. The Truslees and all Sunday school volunteers receNe specific training on safeguarding
children and young people. Pro￿$Se$ are in place for the proper handling of concerns about the welfafe of
Children and young people and referral to aulhoriknes where necessary or appropriate.
Page 5 of16

Hertford Town Church
ort of the Trustees
for the Year E d
e¢e
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charlty number
1190784
Prfn¢lpal addres8
2 Hartham L8ne
Hertford
SG14 1QN
Trustees
G Strain
C Bancroft
J Purvis
J Wnn- appointed 10 April 2023
The elders of the church are classffjed as trustees for legal purposes.
Independent Examlner
Philip John Dymond FCCA
Chartered Certified Accountant
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
Treasurer
R Mcclure
Bankers
Lloyds Bank plc
516 Maiket PLqce
HeAford
SG14 1DF
CHURCH'S WEBSITE
Further details of the church may be found at its website.. www.hertfordtown¢hurch.org.L5k.
Approved by order of the board of Trustees on 12 June 2024 and signed on its behalf by..
G Strain - Tw$tee
Page6 of16

Inde
ndent Examlnevs Re
ort to the Trustses of
Hertford Town Church
Independent èxamlnevg report to the trustees of Hertford Town Church
I report to the charty trustees on my examination of the accounts of Hertford Town Church (the Twstl for the
year ended 31 December 2023.
Responsibilities and bas18 of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('the Acy).
I report in respect of my examination of the Trusvs accounts carried out Under section 145 of the Act and in
carrying out my examination I have followed all applicable D1￿CtionS given by the Charity Commission under
section 145{5llbl of the Act.
Independont 6xamlnerf8 8tatement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to beI￿ve that in any material ￿spect..
accounlrng records were not kept in respect of the Trust as required by section 130 of the Act,. or
the accounts do not a¢￿Id with those records; or
the accounts do not comply with the applicable ￿quIrernents concerning the fomi and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requI￿￿Ent
that the accounts give a true and fair view which ts not a matter considered as part of an independent
examination.
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 underslanding of the accounts to be
reached.
Philip John Dymond FCCA
Chartered Certified Accountant
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
Date.. lo￿1
Page7 of16

Hertlord Town Chur¢h
Statement of Financial Actlvttles
fort
r202
2023
Total
nds
2022
Total
funds
Unrestrict&J Restricted
nds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donat￿nS and legacies
Other in¢ome
49,716
33,970
4.218
53.934
33.970
36.735
Totsl
83,686
4,218
87.904
36,736
EXPENDITURE ON
Charltoble actlvltios
Gifts to Christian causes
Church ministry
Propety cosls
Govemance
(4,943)
{4,9431
{34,7651
135,8081
19161
(15,4751
14,3971
15,4121
(9201
(34,765)
135,8081
1916)
Tolal
(71,489}
(4.943)
(76,432)
126,2041
NET INCOMEI{EXPENDrruRE
12,197
(7251
11,472
10.532
Transfer8 between funds
10
Net movement In funds
12.197
{725)
11,472
10,532
RECONCILIATION OF FUNDS
Funds transferred from Hertford Town Church
Total funds brought forward
224,905
1,000
225.905
215,373
TOTAL FUNDS CARRIED FORWARD
237.102
275
237,377
225.905
The notes form part of these finan¢ial statements
Page 8 of 16

Hertford Town Church
Balance Sheet
31 December 2023
2023
Total
nds
2022
Total
funds
Unrestricted
)lJnds
Restricted
fvnds
Notes
FIXED ASSErs
Tangible assets
210.000
210.000
210,000
CURRENT ASSETS
Debtors
Cash at bank
8.182
22.344
8.182
22,619
1.832
15.856
275
30,526
275
30.801
17.688
CREDITORS
Amounts falling due within one year
{3,4241
13,424)
11,7831
NET CURRENT ASSETS
27,102
275
27.377
15,905
TOTAL ASSETS LESS CURRENT
LIABILITIES
237,102
275
237,377
225,905
NET ASSETS
237.102
275
237,377
225.905
FUNDS
Unrestricted fvnds
Restricted funds
237,102
275
224,905
1,000
TOTAL FUNDS
10
237,377
225,905
The financial statements We￿ approved by the Board of Trustees and authorised for issue on 12 June 2024
and were signed on its behalf by=
{[(-
G Strain- Trustee
uslee
The notes form part of Ihese financial statements
Page9 of16

Hertford Tovm Church
Notes to the Financi01 Ststementg
for tho Year Ended 31 Decombor 20
ACCOLINTING POLICIES
Basis of preparing the financial ststements
Hertford Town Church is a charitable inCory￿rated organisalion registered in Engf8nd and Wales.
The financial statements of the charity, which is a public benefit entity under FRS 102. have been
?￿pared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities-.
Statement of Recommended Practice applicable to ¢hanttes preparing their accounts in accordance
wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {published
October 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ifeland, and the Charities Act 2011. The financial statements have been prepared
under the historical cost convention.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent reqUI￿d to provide a true and fair view. This departure has involved following the
Statement of Recommended praCt￿e for charities applying FRS 102 rather than the version of the
ststement of Recommended Pract1￿ which is referred lo in the Regulations but which has since been
withdrawn.
The financial statements are prepared in Steding. whych Is the fvndonal currency of the charty.
Monetary amoLFnts in these financial statements are rounded to the nearest £.
Income
All incoming resources are included on the Statement of Financial A¢tivities when the charity is legalty
enlilled to the income and the amount can be quantif*d wlth ￿sOnable awuracy.
Income is accounted for when received, with Ihe exception of income tax recoverable on gtft aid
donations, and interest aiising on depjsits which are a￿￿nted for on an accruals basis.
For legacies. entitlement is the earlier of Ihe charity being notified of an impending di5trÈbution or the
legacy being received.
Expendlture
Liabilities a￿ recognised as expenditure as soon as there is a legal orconstru¢lNeobligation committing
the charity to that expenditure. tt is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified under headings that aggregate all cost related to th& category.
here costs cannot be directly attributed to particular headings. they have b8en allocated to activities
on a basis consistent with the use of resour￿$.
Grants offered subject to ¢ondilions which have not been mel at the yearend date are noted as a
¢ommitment but nol accrued as expenditure. Grants are recognised a$ a liability when the church is
under an obligation to make a payment.
Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable fijture. The tWStees have
the￿f0￿ adopted the going concern basis in preparing the accounts.
Governance Costs
Governance costs include all expenditure to comply with statutory and legal requirements.
Page 10 of16

Hertford Town Church
Notes to the Fin•n¢ial Ststements - continued
for the Year Ended 31 December 2023
ACCOUNTING POLICIES - continued
Tangiblg fixed assets
Depreciation is provided at the following annual rates in order to write off asset over rts estimated
usefvl life.
Fixtures and fittings
Motor vehicles
25% on cost
25°A on cost
No depreciation is provided on freehold buildings. The charity adopts a policy of maintaining properties
to a high standard, which prolongs their useful INes and enhances their residual value {based on prices
prevailing al the lime of acquisition or subsequent valuats'on) and accordingly the Trustees consider
depreciation arising to be immaterial.
Fixed assets wilh a value under £1,000 are wrltten off as expenditure in Ihe Statement of Financial
A¢tivrties.
Taxatlon
The charity is exempt from tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Fund accountlng
Restricted funds can only be used for particular restricted purposes wrthin Ihe objects of the charity.
Restri¢b'on$ arise when specified by the donor or when fijnds are rais￿ for particular restricted
purposes.
Further explanation of the nature and PLtrpose of each fund is included in the notes to the financial
statements.
Cash at bank and In hand
Cash al bank and in hand represents such accounts and instruments that are available on demand or
have a maturity of less than three months from the date of acquisition. Deposits for more than three
months but less than one year have been disclosed as short-term deposits.
DobtOf5 and credltors
Debtors are recognised at their settlement amount. les5 any provis￿￿ for non-recoverabilty.
Prepayments are valued at the amount prepaid. They have been discounted to the present value of the
fvture cash re￿ipt where such dis¢ounting is material.
Creditors and provisions are recognised when there is an obligat￿n at Ihe bal8nce sheet date as a
result of a past even( it is probable thal a transfer of economic benefit will be required in settlement.
and the amount of the Sett￿ment can be estimated reliably. Creditors and provisions are Tecognised at
the amount the charity antiupates it will pay to settle the debt
DONATIONS AND LEGACIES
Unrestricted Restricted
2023
2022
Donations
Gift aid
39,838
9.878
3,375
43.213
10,721
29,605
7,130
TOTAL FUNDS
49,716
4,218
53,934
36.735
Page 11 of16
conbnued...

Hert￿rd Town Church
Notes to the Financial Statements- continu•d
for the Year Ended 31 December 2023
CHARrrABLE ACTIVITIES COSTS
Grant
nding of
a¢tivities
Direct
Costs
Totals
Gifts to Chrisban causes (note 131
Church ministry
Propety costs
Governance
4,943
4.943
34.765
35,808
916
34,765
35,808
916
71,489
4,943
76,432
Church ministy costs includes staff costs as per note 5.
Included in propety costs is £20,550 {2022'. £nil} for the rent of a manse, £2.187 12022.. £nill for
manse council tsx and water charges and £3,332 12022.. £476) for the hire of the Hertford URC
church for Sunday moming services.
Included in governance costs above are fees payable to the Independent Examiner in the sum of
£750 (2022.. £720).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restrrcted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and lega¢ie$
Other income
20,610
16,125
36,735
Total
20,611
16.125
36,736
EXPENDITURE ON
Charitable activities
Gifts to Christian causes
Church ministy
Propety costs
Governan￿ costs
115,4751
115,4751
14.3971
15.4121
19201
{4,3971
(5,4121
19201
Total
(10,729)
{15.475)
{26.2041
NET INCOME
9,882
650
10,532
Net movement In funds
9,882
650
10,532
RECONCILIATION OF FUNDS
Totsl funds brought forward
215,023
350
215,373
TOTAL FUNDS CARRIED FORWARD
224.905
1.000
225,905
Page 12of16
continued...

Hertford Town Church
Notes to the Financial Ststements- contlnued
lor the Year Ended 31 0￿*Mber
23
STAFF COSTS
2023
2022
Wages and salaries
Social security costs
Other ￿nSIOn costs
18,138
2,163
20,299
The average nwjnthly number of employee$ and office holders durirkg the year was as follows..
2023
2022
Pastoral team
No employee or Offi￿ holder recetved em￿oyee beneftls of more than £60,000 (2022.. nill.
TRUSTEES, REMUNERATION AND BENEFITS
In accordance with the Hertford Town Church COnSti￿tion approved and adopted at a Trustees
members, meetsng held on 21 July 2020, the following trustees were paid these amounts in service to
the church-
Stipend
Pension
Total
Jwnn
18.136
2,163
20,299
J Wnn also received the benefft of housing provhjed by the church. the costs of which are detsiled In
note 3.
One trustee (2022.. none) received expenses for moving costs. travelling, hospitality and books of£2,329
during the year {2022.' £nill. In addition, one trustee 12022: none) was reimbursed for ex￿ndit￿re
incurred on behalf of the Church of £1,40312022'. £368).
TANGIBLE FIXED ASSETS
Freehold
propety
Totals
COST AND NET BOOK VALUE
Al 31 December 2023 and at 31 December 2022
210,000
210,000
The Trustees are of the opinion that the market value of the church building FS much higher than the
book value.
Pa9e 13of16
ontinued...

Hertford Town Church
Notes to the Financial Statements - continu
for the Year Ended
ecern
DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
2023
2022
Other debtors
Prepayments
5.830
2,352
1,600
232
8.182
1.832
CREDITORS". AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Accruals
3,424
1,783
10. MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
betsveen
funds
At
31.12.22
31.12.23
Unrestrlcted funds
General fvnd
Hartham Lane reserve
14,905
210.OTrJ
12.197
27,102
210.000
R¢$trl¢ted fund$
Other Christian ¢au$e$
1.000
(725)
275
TOTAL FUNDS
225,905
11,472
237,377
Net movement in funds. included in the above are as follows..
Incomlng
resoufces
Resources
expended
Movement
in funds
Unrtstrl¢ted funds
General fvnd
83,686
171,4891
12.197
Restrtcted fund8
Other Christian causes
4,218
(4,943)
17251
TOTAL FUNDS
87,904
{76.432)
11.472
Page 14of16
continued...

Hert￿rd Town Church
Notes to the Financial Staternents - continued
f r the Year Ended 31 December 20
10. MOVEPIENT IN FUNDS {contlnued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.22
At31.12.21
Unrestrlcted fund8
General fund
Hartham Lane reserve
215,023
9.882
1210.000)
210.000
14.905
210.000
Restricted funds
Other Christian causes
350
650
1,000
TOTAL FUNDS
215,373
10.532
225,905
Comparative nel movement in funds, included in the above arè as follows:
Incoming
resources
Resour￿ Movement
expended
in funds
Unrestrlcted funds
General fttrnd
20,611
(10,729)
9,882
RostriGttrd funds
Other Christian causes
16.125
(15.475)
650
TOTAL FUNDS
36.736
126,2041
10,532
11. OPERATING LEASES
The chltrch rents a manse to house the pastor (J Wnn) and his famity. Rental payments for the year
are stThvn in note 3. The tenancy is an initial 124nonth agreement to 31 March 2024 8nd the rent
commitment at 31 December 2023 was £6,75012022'. £nill. The rental of the Hertford URC building
for Sunday morning servic85 may be temiinated on the giving of one month's notice and the
commitment al 31 December 2023 was £272 {2022: £340).
12. RELATED PAR￿ DISCLOSURES
Donations given by the trustees amounted to £15,60012022= £3.468}.
Spicer Street Church. St Albans, provided some administration support in both ltte years ended 31
December 2023 and 31 December 2022 and did not recharge the costs to Hertford Town Church.
Spicer Street Church. St Alban$. prowded support of £33.750 in the year ended 31 December 2023
12022.. £nil) towards the cost of a pastor- the support is included in other income.
G Strain {trustee) and R Mcclure {treasurer} are Iruslees 8t Spicer Street Church.
Page 15of16
continued...

Hertford Tovrn Chureh
Notes to the Flnancial Statements - Contlnu
r the Year Ended 31 December 20
13. APPLICATION OF FUNDS
The General fund represents the free funds of the charity whkh are not designated for particular
purposes.
The Gifts to Christian Causes ￿late to the special offerings taken during Ihe year. details of which are
a$ follows.
2023
2022
Hope for Mena
Ukraine relief
Operation Mercy
Interserve
1,600
13,875
2,568
2,375
4.943
15,475
Page 16 of 16