2022-09-30-accounts - Pembroke Road Church

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PEMBROKE ROAD CHURCH

Charity Registration Number: 1139475

Annual Report and Accounts

30 September 2022

PEMBROKE ROAD CHURCH

Annual Report and Accounts 2022 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 2022

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
		48 Samford House
		Charlotte Terrace
		Islington
		London N1 0JF

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2022

The Trustees submit their annual report and accounts of Pembroke Road Church (“the Church”) for the year ended 30 September 2022. 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 2022, 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 £36,151 during the year to £258,943 (2021: Increased by £67,092 to £222,792).

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 2022 the Church had net free reserves of £21,126 (2021: £22,308).

Total reserves Less: restricted funds Free reserves Free reserves requirement: 3 month’s budgeted routine unrestricted expenditure	2022 £	2021 £ 222,792 (200,484) 22,308 5,000

	258,943
	(237,817)

	21,126


	5,000

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2022

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 21[st] July 2023 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 2022

I report on the accounts of Pembroke Road Church for the year ended 30 September 2022, 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 3[rd] January 2023

PEMBROKE ROAD CHURCH Independent Examiner's Report For the year ended 30 September 2022

PEMBROKE ROAD CHURCH

Receipts & Payments Account For the year ended 30 September 2022

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 2022 £ 1,110 - - 1,149 2,259 4,115 4,115 (1,856) 22,308 20,452	Restrict ed Funds 2022 £ 104,347 - - - 104,347 66,340 66,340 38,007 200,484 238,491		Total 2021 £ 154,465 - - - 154,465 87,373 87,373 67,092 155,700 222,792
			Total 2022 £

			105,457
			-
			-
			1,149

			106,60 6


			70,455


			70,455

			36,151

			222,792

			258,94 3

PEMBROKE ROAD CHURCH

Statement of Assets & Liabilities As at 30 September 2022

Note Assets Tangible Assets 4 Debtors Cash At Bank And In Hand Liabilities Total Assets Less Liabilities	Unrestricte d Funds 2022 £ Restricte d Funds 2022 £ - - 20,452 238,491 20,452 238,491 250 - 20,202 238,491		Total 2021 £ - - 222,792 222,792 250 222,542
		Total 2022 £


		-
		258,943

		258,943

		250

		258,693

The Accounts were approved by the Trustees on 21[st] July 2023 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 2022

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 2022 £ Restricte d Funds 2022 £ Donations and legacies Oferings and donations 1,110 103,847 Income tax reclaimed - - Grants - 500 1,110 104,347 Lettings income - - Other deposited cash 1,149 - 2,259 104,347	Unrestrict ed Funds 2022 £ Restricte d Funds 2022 £ Donations and legacies Oferings and donations 1,110 103,847 Income tax reclaimed - - Grants - 500 1,110 104,347 Lettings income - - Other deposited cash 1,149 - 2,259 104,347		Total 2022 £	Total 2021 £ 136,985 - 17,480

1,110	103,847		104,957
-	-		-
-	500		500

				154,465 - -
1,110	104,347		105,457

-	-		-

1,149	-		1,149


2,259	104,347	106,606

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2022

3. Payments – Charitable Activities Provision of Church Worker Net salary & pension PAYE Council tax Foodbank Running costs Sundry Van Ofce Costs Telephone, broadband, web site Equipment ICO subscription Accountancy & payroll Stationary Bank Charges Provision of church building and facilities Heat, light & water Insurance Maintenance, equipment & cleaning Church Growth Trust Governance Independent examination	Unrestricte d Funds 2022 £ - 119 - 119 - - 0 - - - - 80 80 255 - 3,661 - 3,916 - 119	Restricte d Funds 2022 £ 17,016 1,046 2,104 20,166 35,359 1,026 394 36,779 345 833 35 1,110 129 2,452 2,187 1,735 2,772 - 6,694 250 56,945		Total 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 2022 £

			17,016
			1,165
			2,104

			20,285

			35,359
			1,026
			394

			36,779

			345
			833
			35
			1,110
			129
			80

			2,532

			2,442
			1,735
			6,433
			-

			10,610

			250

			70,456

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 2022

The charity owns an electric van, purchased during the year

5a Current year. Cash Funds Carried Forward

At 1 October 2021 £ Receipts £ Payments £ Transfers £ At 30 Septemb er 2022 £ Unrestricted: 22,308 2,259 (4,115) - 20,452 Restricted: Foodbank 200,484 104,347 (66,340) - 238,491 222,792 106,606 (70,455) 0 258,943 5b Prior Year. Cash Funds Carried Forward At 1 October 2020 £ Receipts £ Payments £ Transfers £ At 30 Septemb er 2021 £ Unrestricted: 20,989 1,319 - - 22,308 Restricted: Foodbank 134,711 153,146 (87,373) - 200,484 155,700 154,465 (87,373) 0 222,792	At 30 Septemb er 2022 £	At 30 Septemb er 2022 £

		20,452


		238,491

		258,943


	At 30 Septemb er 2021 £

		22,308


		200,484

		222,792

6. Related Party Transactions

There were no related party transactions.