2023-09-30-accounts - Pembroke Road Church

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PEMBROKE ROAD CHURCH

Charity Registration Number: 1139475

Annual Report and Accounts

30 September 2023

PEMBROKE ROAD CHURCH

Annual Report and Accounts 2023 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 2023

Charity Name	Pembroke Road Church.
Principal Address	70 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
	48 Samford House
	Charlotte Terrace
	Islington
	London N1 0JF

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2023

The Trustees submit their annual report and accounts of Pembroke Road Church (“the Church”) for the year ended 30 September 2023. 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 some 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. During the year to September 2023, 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 £24,181 during the year to £283,124 (2022: Increased by £36,151 to £258,943).

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 2023 the Church had net free reserves of £20,807 (2022: £21,126).

Total reserves Less: restricted funds Free reserves Free reserves requirement: 3 month’s budgeted routine unrestricted expenditure	2023	2022 £ 258,943 (237,817)
	£

	283,124
	(262,317)

		21,126
	20,807

		5,000

	5,000

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2023

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 23[rd] July 2024 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 2023

I report on the accounts of Pembroke Road Church for the year ended 30 September 2023, 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

23 July 2024

PEMBROKE ROAD CHURCH

Receipts & Payments Account For the year ended 30 September 2023

Note Receipts 2 Donations and grants Gift Aid Lettings Deposited cash Total Receipts Payments Charitable activities 3 Total Payments Net receipts Total cash funds brought forward Total cash funds carried forward 5	Unrestricted Funds 2023 £ 480 - - - 480 126 126 354 20,453 20,807		Restricted Funds 2023 £ 122,911 - - - 122,911 99,084 99,084 23,827 238,490 262,317		Total 2022 £ 105,457 - - 1,149
				Total
				2023
				£

				123,391
				-
				-
				-

					106,606
				123,391

					70,455

				99,210

					70,455

				99,210

					36,151 222,792
				24,181

				258,943

					258,943

				283,124

PEMBROKE ROAD CHURCH

Statement of Assets & Liabilities As at 30 September 2023

Note Assets Tangible Assets 4 Debtors Cash At Bank And In Hand Liabilities Total Assets Less Liabilities	Unrestricted Funds 2023 £ - 20,807 20,807 20,807	Restricted Funds 2023 £ - 262,317 262,317 - 262,317		Total 2022 £ - - 258,943
			Total
			2023
			£


			-
			283,124

				258,943 250

			283,124



				258,693
			283,124

The Accounts were approved by the Trustees on 23rd July 2024 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 2023

1. Accounting Policies

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

2. Receipts

2. Receipts
Unrestricted Funds 2023 £ Donations and legacies Offerings and donations 480 Income tax reclaimed - Grants - 480 Other deposited cash - 480	Restricted Funds 2023 £ 122,911 - - 122,911 - 122,911		Total 2022 £ 104,957 - 500
		Total
		2023
		£

		123,391
		-
		-

			105,457 1,149
		123,391

		-

			106,606
		123,391

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2023

3. Payments – Charitable Activities

Provision of Church Workers Net salary & pension PAYE Council tax Foodbank Running costs Sundry Van Office 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	Unrestricted Funds 2023 £ - - -	Restricted Funds 2023 £ 31,595 1,473 2,190 35,258 54,580 110 - 54,690 387 76 35 2,988 45 - 3,531 2,633 1,906 347 470 5,356 250 99,085		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
			Total
			2023
			£

			31,595
			1,473
			2,190

	0 - - -
			35,258

			54,580
			110
			-

	0 - - - - - 126
			54,690

			387
			76
			35
			2,988
			45
			126

	126 - - - -
			3,657

			2,633
			1,906
			347
			470

	0 -
			5,356

			250

	126
			99,211

4. Tangible Fixed Assets

There are two properties:

The manse property at 70 Pembroke Road, London N10 2HT. 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 in 2020-21.

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2023

5. Cash Funds Carried Forward

At 1 October 2022 £ 20,452 238,491	Receipts £ 480 122,911	Payments £ (126) (99,084)	Transfers £ - -
At 1 October 2022 £ 20,452 238,491				At 30
				September
					2023
					£

					20,806


					262,318

258,943	123,391	(99,210)	0		283,124

At 1 October 2021 £ 22,308 200,484	Receipts £ 2,259 104,347	Payments £ (4,115) (66,340)	Transfers £ - -
At 1 October 2021 £ 22,308 200,484					At 30
				September
					2022
					£

					20,452


					238,491

222,792	106,606	(70,455)	0		258,943

6. Related Party Transactions

There were no related party transactions.