## **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**|
_1_
## **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|
_2_
## **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**||
||||
||||
_3_
## **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**
_4_
## **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:
1. accounting records were not kept in respect of the church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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**
_5_
## **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**||
|||||||
_6_
## **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**
_7_
## **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**||||
|||||||||
|||||||||
_8_
## **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.
_9_
## **PEMBROKE ROAD CHURCH**
## **Notes to the Accounts For the year ended 30 September 2023**
## **5. Cash Funds Carried Forward**
|**5a Current year**
**Unrestricted**
**Restricted**
Foodbank
**5b Prior year**
**Unrestricted**
**Restricted**
Foodbank||**At 1**
**October**
**2022**
**£**
20,452
238,491|**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.
_10_