2024-09-30-accounts - Pembroke Road Church

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PEMBROKE ROAD CHURCH

Charity Registration Number: 1139475

Annual Report and Accounts

30 September 2024

PEMBROKE ROAD CHURCH

Annual Report and Accounts 2024 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 2024

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
	48 Samford House
	Charlotte Terrace
	Islington
	London N1 0JF

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2024

The Trustees submit their annual report and accounts of Pembroke Road Church (“the Church”) for the year ended 30 September 2024. 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

During the course of the fiscal year, the Church regrettably lost access to the building which the Church and the Foodbank had previously used. The Foodbank has relocated to Wilton Community Church, less than a mile away: the trustees are very grateful to Wilton for graciously facilitating the relocation, for the Foodbank manager's hard work during the transition and for the ongoing support of volunteers and donors. As a result of the relocation, the Foodbank will now be paying rent to have access to Wilton's hall and facilities. The Church itself will now be meeting as a house church in the Manse. The trustees anticipate that this will also lead to additional expense over the coming year to render the property suitable for church meetings.

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 2024, 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 decreased by £22,106 during the year to £261,018 (2023: increased by £24,181 to £283,124).

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 2024 the Church had net free reserves of £25,174 (2023: £20,807).

Total reserves Less: restricted funds Free reserves Free reserves requirement: 3 month’s budgeted routine unrestricted expenditure	2024	2023 £ 283,124 (262,317)
	£

	261,018
	(235,844)

		20,807
	25,174

		5,000

	5,000

PEMBROKE ROAD CHURCH

Trustees Report For the year ended 30 September 2024

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 July 2025 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 2024

I report on the accounts of Pembroke Road Church for the year ended 30 September 2024, 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

30 July 2025

PEMBROKE ROAD CHURCH

Receipts & Payments Account For the year ended 30 September 2024

Note Receipts 2 Donations and grants Total Receipts Payments Charitable activities 3 Total Payments Net receipts/(payments) Total cash funds brought forward Total cash funds carried forward 5	Unrestricted Funds 2024 £ 4,480 4,480 3,356 3,356 1,124 20,806 21,930		Restricted Funds 2024 £ 93,749 93,749 116,979 116,979 (23,230) 262,318 239,088		Total 2023 £ 123,391
				Total
				2024
				£

				98,229

					123,391
				98,229

					99,210

				120,335

					99,210

				120,335

					24,181 258,943
				(22,106)

				283,124

					283,124

				261,018

PEMBROKE ROAD CHURCH

Statement of Assets & Liabilities As at 30 September 2024

Note Assets Tangible Assets 4 Debtors Cash At Bank And In Hand Liabilities Total Assets Less Liabilities	Unrestricted Funds 2024 £ - - 21,931 21,931 - 21,931	Restricted Funds 2024 £ - - 239,088 239,088 - 239,088		Total 2023 £ - - 283,124
			Total
			2024
			£

			-
			-
			261,018

				283,124 -

			261,018

			-

				283,124
			261,018

The Accounts were approved by the Trustees on xxxx 2025 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 2024

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 2024 £ Donations and legacies Donations 4,480 Income tax reclaimed - Grants - 4,480	Restricted Funds 2024 £ 93,749 - - 93,749		Total 2023 £ 123,391 - -
		Total
		2024
		£

		98,229
		-
		-

			123,391
		98,229

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2024

3. Payments – Charitable Activities

Provision of Workers Net salaries & pensions PAYE Council tax Foodbank Running costs Sundry Office Costs Telephone, broadband, web site Equipment ICO subscription Accountancy & payroll Stationery Bank Charges Provision of church building and facilities Heat, light & water Insurance Maintenance, equipment & cleaning Church Growth Trust Rent Governance Independent examination	Unrestricted Funds 2024 £ - - -	Restricted Funds 2024 £ 27,841 - 2,309 30,150 74,948 - 74,948 506 362 35 2,017 - - 2,920 1,025 1,628 5,868 190 0 8,711 250 116,979		Total 2023 £ 31,595 1,473 2,190 35,258 54,580 110 54,690 387 76 35 2,988 45 126 3,657 2,633 1,906 347 470 - 5,356 250 99,211
			Total
			2024
			£

			27,841
			-
			2,309

	0 - -
			30,150

			74,948
			-

	0 - - - - - 106
			74,948

			506
			362
			35
			2,017
			-
			106

	106 - - - - 3,250
			3,026

			1,025
			1,628
			5,868
			190
			3,250

	3,250 -
			11,961

			250

	3,356
			120,335

4. Tangible Fixed Assets

There is one property: the manse, 70 Pembroke Road, London N10 2HT. The manse is held in the name of Church Growth Trust.

The charity owns an electric van, purchased in 2020-21.

PEMBROKE ROAD CHURCH

Notes to the Accounts For the year ended 30 September 2024

5. Cash Funds Carried Forward

At 1 October 2023 £ 20,806 262,318	Receipts £ 4,480 93,749	Payments £ (3,356) (116,979)	Transfers £ - -
At 1 October 2023 £ 20,806 262,318				At 30
				September
					2024
					£

					21,930


					239,088

283,124	98,229	(120,335)	0		261,018

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

6. Related Party Transactions

There were no related party transactions.