2021-09-30-accounts - Pembroke Road Church

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PEMBROKE ROAD CHURCH

Charity Registration Number: 1139475

Annual Report and Accounts

30 September 2021

PEMBROKE ROAD CHURCH

Annual Report and Accounts 2021 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 2021

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 Document	Constitution Adopted 12 December 2010.
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 Personnel	Those in charge of directing, controlling, running and operating the 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 2021

The Trustees submit their annual report and accounts of Pembroke Road Church (“the Church”) for the year ended 30 September 2021. 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 2021, the trustees were particularly struck by the generosity and community spirit shown following the onset of the pandemic. The Food Bank received significant one-off gifts 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 £67,092 during the year to £222,792 (2020: Increased by £149,945 to £155,700).

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 2021 the Church had net free reserves of £22,308 (2020: £20,989).

Total reserves Less: restricted funds Free reserves Free reserves requirement: 3 month’s budgeted routine unrestricted expenditure	2021	2020 £ 155,700 (134,711)
	£

	222,792
	(200,484)

		20,989
	22,308

		5,000

	5,000

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2021

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 29[th] July 2022 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 2021

I report on the accounts of Pembroke Road Church for the year ended 30 September 2021, 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 29[d] July 2022

PEMBROKE ROAD CHURCH

Receipts & Payments Account For the year ended 30 September 2021

Note Receipts 2 Donations and grants Gift Aid Lettings Deposited cash Total Receipts Payments Charitable activities 3 Total Payments Surplus/(deficit) Total cash funds brought forward Total cash funds carried forward 5	Unrestricted Funds 2021 £ 1,319 - - - 1,319 - 0 1,319 20,989 22,308		Restricted Funds 2021 £ 153,146 - - - 153,146 87,373 87,373 65,773 134,711 200,484		Total 2020 £ 183,756 4,035 4,298 5,581
				Total
				2021
				£

				154,465
				-
				-
				-

					197,670
				154,465

					47,725

				87,373

					47,725

				87,373

					149,945 5,755
				67,092

				155,700

					155,700

				222,792

PEMBROKE ROAD CHURCH

Statement of Assets & Liabilities As at 30 September 2021

Note Assets Tangible Assets 4 Debtors Cash At Bank And In Hand Liabilities Total Assets Less Liabilities	Unrestricted Funds 2021 £ - - 22,309 22,309 22,309	Restricted Funds 2021 £ - - 200,484 200,484 - 200,484		Total 2020 £ - - 155,700
			Total
			2021
			£

			-
			-
			222,792

				155,700 250

			222,792



				155,450
			222,792

The Accounts were approved by the Trustees on 29[th] July 2022 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 2021

1. Accounting Policies

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

2. Receipts

Unrestricted Funds 2021 £ Donations and legacies Offerings and donations 1,319 Income tax reclaimed Grants - 1,319 Lettings income - Other deposited cash - 1,319	Restricted Funds 2021 £ 135,666 - 17,480 153,146 - - 153,146						Total 2020 £ 156,949 4,035 26,807
				Total
				2021
				£

				136,985
				-
				17,480

							187,791 4,298 5,581
				154,465

				-

				-

							197,670
				154,465

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2021

3. Payments – Charitable Activities

Provision of Church Worker Net salary & pension PAYE Council tax Foodbank Running costs Van Office 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	Unrestricted Funds 2021 £ - - -	Restricted Funds 2021 £ 13,289 1,359 2,025 16,673 29,947 25,995 55,942 311 95 35 1,458 188 2,087 619 1,691 9,191 920 12,421 250 87,373		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
			Total
			2021
			£

			13,289
			1,359
			2,025

	0 - -
			16,673

			29,947
			25,995

	0 - - - - -
			55,942

			311
			95
			35
			1,458
			188

	0 - - - -
			2,087

			619
			1,691
			9,191
			920

	0 -
			12,421

			250

	0
			87,373

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.

The charity owns an electric van, purchased during the year

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2021

5. Cash Funds Carried Forward

5. Cash Funds Carried Forward
Unrestricted: Restricted: Foodbank	At 1 October 2020 £ 20,989 134,711	Receipts £ 1,319 153,146	Payments £ - (87,373)	Transfers £ - -	At 30
					September
						2021
						£

						22,308


						200,484

	155,700	154,465	(87,373)	0		222,792

6. Related Party Transactions

There were no related party transactions.