2020-09-30-accounts - Pembroke Road Church

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PEMBROKE ROAD CHURCH

Charity Registration Number: 1139475

Annual Report and Accounts

30 September 2020

PEMBROKE ROAD CHURCH

Annual Report and Accounts 2020 Contents

	Page
Legal & Administrative Information	2
Annual Report of the Trustees	3
Independent Examiner’s Report	5
Receipts & Payments Account	6
Statement of Assets & Liabilities	7
Notes to the Accounts	8

PEMBROKE ROAD CHURCH

Legal & Administrative Information For the year ended 30 September 2020

Charity Name	Charity Name	Pembroke Road Church.
Principal Address		68 Pembroke Road, Muswell Hill, London N10 2HT.
Charity Registration		1139475. The church was registered	with the Charity
		Commission on 22 December 2010
The	Governing	Constitution Adopted 12 December 2010.
Document
Object		The object of the charity is the advancement	of the Christian faith
		according to Baptist principles; the charity	may also carry out
		other charitable purposes in the United Kingdom and/or other parts
		of the world.
Trustees		The Trustees who served during the year or	who were serving at
		the date of this report were:
		Chris Bennett
		Sean Shepley
		David Wilson
Key	Management	Those in charge of directing, controlling, running and operating the
Personnel		Church on a day to day basis are the Trustees
Bankers		Natwest Bank
		Muswell Hill branch
Independent Examiner		Christine Cheung-Poston ACCA
		32 Fisher House
		Copenhagen Street
		London N1 0JE

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2020

The Trustees submit their annual report and accounts of Pembroke Road Church (“the Church”) for the year ended 30 September 2020. The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

The office bearers and any other leadership team members for the time being constitute the trustees. There must be at least three, and they must meet at least twice a year.

None of the Trustees receive remuneration.

2. Activities

The Trustees have given due regard to the Charity Commissions’ guidance on public benefit. During the year the Church continued to run the Muswell Hill Food Bank in order to promote the Gospel in the local neighbourhood and also to benefit the community. Regular meetings of a Christian religious nature were also held on many Sundays during the year, in the premises on Pembroke Road – Bible reading, prayer, some worship.

3. Financial Review

3.1 Financial Activity and Financial Position

The church is funded by the freewill offerings of members and others from other churches, some lettings income and by donations to its food bank operation from a range of individuals and trusts. During the year to September 2020, the trustees were particularly struck by the generosity an community spirit shown following the onset of the pandemic. The Food Bank received significant one-off gifts (including from the Lund Foundation) and benefitted from regular donations from many keen to ensure that the recipients of the Food Bank’s food parcels continued to receive support.

As a result, the Church’s cash resources increased by £149,945 during the year to £155,700 (2019: decreased by £305 to £5,755).

3.2 Reserves Policy

The Trustees consider that, given the nature of the church’s work, free reserves should be equivalent to approximately 3 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 30 September 2020 the Church had net free reserves of £20,989 (2019: £5,755).

Total reserves Less: restricted funds Free reserves (defcit) Free reserves requirement: 3 month’s budgeted routine unrestricted expenditure	2020 £	2019 £ 5,755 - 5,755 6,000

	155,700
	(134,711)

	20,989


	5,000

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2020

4. Responsibilities of Trustees for the Accounts

Charity law requires the Trustees to prepare accounts for each accounting year which record the receipts and payments of the charity for the year. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements

comply with the Charities Act 2011. The Trustees also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

5. Approval

The report of the Trustees was approved by the Trustees on 25[th] July 2021 and signed on its behalf by:

Sean Shepley Trustee

Chris Bennett Trustee

PEMBROKE ROAD CHURCH

Independent Examiner’s Report For the year ended 30 September 2020

I report on the accounts of Pembroke Road Church for the year ended 30 September 2020, set out on pages 6 to 10.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

The Trustees consider that an audit is not required for this period (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 145 of the Act);
To follow the procedures laid down in the General Direction given by the Charity
Commission (under section 145(5)(b) of the Act); and
To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees 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 accounts.

INDEPENDENT EXAMINER’S STATEMENT

In the course of my examination, no matter has come to my attention:

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 believe that in any material respect:

accounting records were not kept in respect of the church as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Christine Cheung Poston ACCA 11 February 2021

PEMBROKE ROAD CHURCH Independent Examiner's Report For the year ended 30 September 2020

PEMBROKE ROAD CHURCH

Receipts & Payments Account For the year ended 30 September 2020

Note Receipts 2 Donations and grants Gift Aid Lettings Deposited cash Total Receipts Payments Charitable activities 3 Total Payments Surplus/(defcit) Total cash funds brought forward Total cash funds carried forward 5	Unrestrict ed Funds 2020 £ 1,320 4,035 4,298 5,581 15,234 - 0 15,234 5,755 20,989	Restrict ed Funds 2020 £ 182,436 - - - 182,436 47,725 47,725 134,711 - 134,711		Total 2019 £ 17,047 9,542 5,996 32,585 32,890 32,890 ( 305) 6,060 5,755
			Total 2020 £

			183,756
			4,035
			4,298
			5,581

			197,67 0


			47,725


			47,725

			149,94 5

			5,755

			155,70 0

PEMBROKE ROAD CHURCH

Statement of Assets & Liabilities As at 30 September 2020

Note Assets Tangible Assets 4 Debtors Cash At Bank And In Hand Liabilities Total Assets Less Liabilities	Unrestricte d Funds 2020 £ Restricte d Funds 2020 £ - - - - 20,989 134,711 20,989 134,711 250 - 20,739 134,711		Total 2019 £ - 2,500 5,755 8,255 250 8,005
		Total 2020 £

		-
		-
		155,700

		155,700

		250

		155,450

The Accounts were approved by the Trustees on 25[th] July 2021 and signed on its behalf by:

Sean Shepley Trustee

Chris Bennett Trustee

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2020

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities.

2. Receipts

Unrestrict ed Funds 2020 £ Restricte d Funds 2020 £ Donations and legacies Oferings and donations 1,320 155,629 Income tax reclaimed 4,035 - Grants - 26,807 5,355 182,436 Lettings income 4,298 - Other deposited cash 5,581 - 15,234 182,436	Unrestrict ed Funds 2020 £ Restricte d Funds 2020 £ Donations and legacies Oferings and donations 1,320 155,629 Income tax reclaimed 4,035 - Grants - 26,807 5,355 182,436 Lettings income 4,298 - Other deposited cash 5,581 - 15,234 182,436		Total 2020 £	Total 2019 £ 13,322 - 3,725

1,320	155,629		156,949
4,035	-		4,035
-	26,807		26,807

				17,047 9,542 5,996
5,355	182,436		187,791

4,298	-		4,298

5,581	-		5,581

				32,585
15,234	182,436	197,670

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2020

3. Payments – Charitable Activities Provision of Church Worker Net salary & pension PAYE Council tax Foodbank Running costs Subscription/membership Ofce Costs Telephone, broadband, web site Equipment ICO subscription Accountancy & payroll Stationary Provision of church building and facilities Heat, light & water Insurance Maintenance, equipment & cleaning Church Growth Trust Governance Independent examination	Unrestricte d Funds 2020 £ - - - 0 - - 0 - - - - - 0 - - - - 0 - 0	Restricte d Funds 2020 £ 14,223 1,530 1,921 17,674 24,157 - 24,157 390 573 35 1,038 116 2,152 2,024 578 349 541 3,492 250 47,725		Total 2019 £ 11,681 509 1,853 14,043 9,927 360 10,287 360 - 35 120 515 2,203 854 4,688 300 8,260 - 24,330
			Total 2020 £

			14,223
			1,530
			1,921

			17,674

			24,157
			-

			24,157

			390
			573
			35
			1,038
			116

			2,152

			2,024
			578
			349
			541

			3,492

			250

			47,725

4. Tangible Fixed Assets

There are two properties:

The manse property at 70 Pembroke Road, London N10 2HT is occupied by the Pastor for the better performance of his duties. The manse is held in the name of Church Growth Trust.
The church property at 68 Pembroke Road, London N10 2HT. The church is held in the name of London Baptist Property Board.

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2020

5. Cash Funds Carried Forward

5. Cash Funds Carried Forward
Unrestricted: Restricted: Foodbank	At 1 October 2020 £ 5,755 0 0	Receipts £ Payments £ Transfers £ 15,234 - - 182,436 (47,725) - 197,670 (47,725) 0	At 30 Septemb er 2020 £

				20,989


				134,711

				155,700

6. Related Party Transactions

There were no other related party transactions.