## **NORTH LONDON PASTORAL ASSISTANTS** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** ## **CHARITY REGISTRATION No: 1175492** Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **CONTENTS** Page 3 Legal and Administrative Information Pages 4 to 5 Report of the Trustees Page 6 Independent Examiners Report to the Trustees Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 to 13 Notes to the Financial Statements 2 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1175492 **START OF FINANCIAL PERIOD** 01 September 2023 **END OF FINANCIAL PERIOD** 31 August 2024 **TRUSTEES AT 31 AUGUST 2024** Judith S Barrett - Chair - Appointed on 10.01.2024 Venerable J Hawkins Rev James A H Hill Judith H Powell Rev Bruce Batstone **CORRESPONDENCE ADDRESS** The Parish Office St. Pauls Church Camden Square London NW1 9XG **GOVERNING DOCUMENT** CIO - Foundation registered on 01.07.2017 **BANKERS** Co Operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT **INDEPENDENT EXAMINER** Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF **OBJECTS** TO ADVANCE THE CHRISTIAN FAITH (ACCORDING TO THE FORMULARIES OF THE CHURCH OF ENGLAND) FOR THE BENEFIT OF THE PUBLIC THROUGH THE RECRUITMENT AND SUPERVISION OF FULL TIME PASTORAL ASSISTANTS, AND THE FUNDRAISING FOR THE ASSOCIATED COSTS. PASTORAL ASSISTANTS ARE MEN AND WOMEN NORMALLY BETWEEN THE AGES OF 18 AND 30 WHO ARE RECRUITED. TO TAKE PART IN A VOCATIONAL DEVELOPMENT SCHEME SUPERVISED BY THE CLERGY OF PARTICIPATING CHURCH OF ENGLAND PARISHES IN NORTH LONDON FOR ONE TO TWO YEARS. APPLICATIONS ARE PARTICULARLY WELCOME FROM PEOPLE WHO ARE CONSIDERING A VOCATION TO ORDAINED MINISTRY IN THE CHURCH OF ENGLAND. THE SCHEME ENABLES PASTORAL ASSISTANTS TO GAIN WORKING EXPERIENCE OF MINISTRY WITHIN URBAN PARISHES, AND OFFERS APPROPRIATE MENTORING AND OPPORTUNITY FOR PERSONAL REFLECTION AND GROWTH. THE SELECTION OF PARISHES IN WHICH PASTORAL ASSISTANTS WILL BE PLACED IS AT THE DISCRETION OF THE TRUSTEES. PASTORAL ASSISTANTS LIVE, WORK AND PRAY TOGETHER TO SERVE THE CHURCH AND THE COMMUNITY IN WHICH THE SCHEME PLACES THEM. EXAMPLES OF THIS SERVICE CAN INCLUDE, BUT ARE NOT RESTRICTED TO: THE ASSISTING IN LEADING OF WORSHIP, PASTORAL MINISTRY TO THE SICK AND THOSE IN NEED, CHILDREN'S WORK IN SCHOOLS AND CHURCH, HOSPITAL AND HIGHER EDUCATION CHAPLAINCY, WINTER NIGHT SHELTER CO-ORDINATION FOR THE HOMELESS AND LEADING STUDY GROUPS. 3 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31ST AUGUST 2024** During the year the NLPA offered placements to six people in total, all full-time pastoral assistants. In accordance with the charitable objects the scheme supports Pastoral Assistants’ discernment in a variety of ways: - Liturgical presence: serving at Mass and other principal and pastoral services throughout the year including preaching, teaching and leading after-service activities. - Pastoral work within the placement parish and community including schools - Formation through both supervision sessions with their clergy and independent external supervisors and a monthly programme of different aspects of spiritual and theological formation. Subjects include basics of Christian belief, patristic theology, church history, exploring the context in which the church operates and reflection of different strands of prayer and spirituality. In addition the group went on a week-long study visit/pilgrimage to Rome in 2024. They were encouraged to attend a personal retreat during the placement year and meet regularly with their Spiritual Directors. As one of the PAs said, The NLPA scheme has strongly affirmed my sense of vocation and has equipped me with a wealth of experience that will be invaluable in carrying me through the discernment process. Outcomes: At the end of the year 1 PA continued for a second NLPA year, 1 successfully completed the discernment process and started training at St Stephens House in September 2024 and 1 was planning to continue the discernment process alongside academic studies. Three PAs completed their NLPA year and were not offered a second year mainly due to the unavailability of ongoing accommodation. ## **Financial review** At 31st August 2024, NLPA held unrestricted funds of £51,105, a reduction of approx. £19,000 versus the prior year, due to higher operating costs during the year, and a contingency provision of £5,000 against unforeseen expenses. Some of the operating cost increase was due to the scheme supporting more pastoral assistants – six full time in 2023-4 compared to four full time/one part-time in 2022-3. Allowances paid to pastoral assistants were also increased in line with cost of living movements that had occurred over some years. In addition, the Scheme funded major repairs, including the replacement of the central heating system in one of the houses accommodating pastoral assistants. Due to tariff increases, Utility costs in 2023-4 were more than double the level of the previous year. These cost increases were partially offset by an increase in grant funding. The Church of England Ministry Experience scheme awarded £5,680 more in 2023-4 than in the previous year. And a grant of £ 18,000 awarded by the Fellowship of St John was recognised in the year received, rather than being carried forward as in previous years. The trustees have considered the level of reserves, £51,105, appropriate to the charity's recurring needs. This is based on the charity's size and the level of financial commitments held. The trustees have made a provision of £5,000 against unforeseen one off costs, and aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income, or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. The charity is planning to manage fund raising and cost commitments so that by 31.08.25 it will hold reserves to cover the programme costs 4 VOR ThE ENOED 31sr AIIGUST 2024 The Charf¥es Act requlre5 the Bo¥d of Trustees to p￿part flfta￿al sratemerts for eath finanual year glve a true and falr vlew of the state ol ol tht chètrlty as at the entl ot ftnanclal year ol Ihe Su￿1￿5 or Oefiot of Ihe tharfty. l* prepadny those hnanclal 5tstements 8oard Is w￿red to :_ - select suitable accoununo polldes and Ihen Jppty them cons￿lendY. - make Ivdyernents and estlmate5 that ¥t reasthMt4e aTrJ prLthnl,' and - prepare the fin0nd￿ *atem¢nts on the golng corbryrn ur4ES* li Is Inètwoprf* to prewrne th•t th¢ tharfty will can￿nUt In operovtyi. - st•te whEther applluble •￿0v￿lIng St•idèrds $l•ternents of recommeThled prJ(Uce hw• b••n followtd, ￿bject to any materlal deporture5 disd*Jsed and expknlned In the flnjnual sièt*)ients,' Th¢ trustees are also responslble lor rn•lnt•lnlng adequote 4ceovrtlng reeoyds whlth dlKlose reaMn•ble accurncy •t anv tlme the flThancial posltlon or the chartty anij which are suffldent 10 show ond ex￿ain the tharfty's transJcVons an*J enoble them to efi5ure that the financ*1 5toterneftts comply with the re9ulthins m)de under the Charttles They #re •l¥o rwort￿bIt fc¢ safeguardlng the asxts ol thE tharfty ond hence ft>r tsklng ye￿￿ble rteps lor the preverhtton detedlon ol Ir•ud and othÈr The trustees are also responslble lor contents of the trustees. rewrt, •nd the resP￿IbIlIty ol the Ir￿ePendent exJmineT In relation to the tFystees' reF¢Jrt Is Ilmlted to ¢x4rnining ttte report and ensurlng thJL oh the face of the report. there are no InCOn￿sten¢1e> wifh the fiwr•s dlxbDs¢d In Ihe flnarKbol wt•mvrtS. l Jpprove the attached ststernent of ftThawKlal attlvlties and b¥￿1￿¢ sheet set eojt On Pages 7 ènd 8 lor the v¢or ended 31 August 2024, and toftftrm that I have m•de •v•lliblè all It)fomièVor¥ nece550ry fw Its preparatlon. Slgnawre..... ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of North London Pastoral Assistants (“the CIO”), charity number: 1175492, for the year ended 31st August 2024 set out on pages 7 to 13. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). ## **Responsibilties and basis of report** I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. Zita Derbak MAAT AATQB Signed: Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Dated: 27.08.2025 Delling Lane Bosham PO18 8NF 6 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31ST AUGUST 2024** |Incorporating income and expenditure account
Notes
**INCOMING RESOURCES**
**Income and Endowments from:**
Donations and Legacies
2a
**TOTAL**
**RESOURCES EXPENDED**
**Expenditure on:**
Raising Funds
3a
Charitable Activities
3b
Other
3c
**TOTAL**
**NET INCOME/(EXPENDITURE) BEFORE**
**NET INCOME/(EXPENDITURE)**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
74,940
0
74,940
49,760
**74,940**
**0**
**74,940**
**49,760**
0
0
0
0
57,222
0
57,222
31,984
36,641
0
36,641
26,841
**93,863**
**0**
**93,863**
**58,825**
**-18,923**
**0**
**-18,923**
**-9,065**
**-18,923**
**0**
**-18,923**
**-9,065**
**-18,923**
**0**
**-18,923**
**-9,065**
70,028
0
70,028
79,093
**51,105**
**0**
**51,105**
**70,028**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 13 form part of these financial statements. 7 BALATACE SMEÈT AS AT 31 AIIGIIST 2024 Unr*strtc*d Aesthlcted 31-Avo-14 31-Aug-23 Fund5 Funds Tot*1 Tanoible assets Curr•nt DebtOTS 3.098 59.746 02,•44 2,485 J,SOB Cash )t bank and ￿nd Tothl C¥rrent A•a•t• 59,746 61844 cr￿ltar*., amounts lèlllw due 4¥1thln Dne y4•r 11,739 11.739 22,965 ET ¢iIRReNT ASSETS 51.105 51.105 70,02B TOTAL ASSEfs le#s currert ￿abl￿￿e5 i.ios Ji.ios Cr•dliorn: amounts hlling dye in more than Dnr year NIT ASSETS 51.105 51,105 of th• ¢th•rlty Get)eral Fwnds •slvlrted Funds 51.105 51,lOS 70,028 Tot•1 IkuTrd 51.105 70,020 Slqn•d by or iwo tnwt•u Imthdtol ••J th• Sign•tyJre: Pdnt Name". DatE ol appmval.. 26. OR. l*• b- ## **NORTH LONDON PASTORAL ASSISTANTS** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST AUGUST 2024** ## **Basis of preparation:** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## **Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period ## **Material prior period errors** No material prior year error have been identified in the reporting period ## **1. ACCOUNTING POLICIES** The particular accounting policies adopted are set out below. ## **INCOME** ## _**Recognition of Income**_ These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the income; - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## _**Offsetting**_ There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## _**Grants and Donations**_ Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). 9 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Insurance claims**_ Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA. ## **Expenditure and liabilities** The charity has opted to prepare its accounts using natural categories. ## _**Liability Recognition**_ Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## _**Governance and Support Costs**_ Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Deferred income**_ No material item of deferred income has been included in the accounts. ## _**Creditors**_ The charity has creditors which are measured at settlement amounts less any trade discounts. ## _**Provisions for liabilities**_ A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date ## _**Debtors**_ Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 10 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** |**2. ANALYSIS OF INCOME**
**a) Donations and Legacies**
Cleaver Ordination Candidates Funds
Fellowship of St John
CoE Ministry Experience Scheme
Greig Trust
**3. ANALYSIS OF EXPENDITURE**
**a) Raising Funds**
N/A
**b) Charitable Activities**
Expense Allowances
Formation and Training Costs:
Formation Visits
Other
Travel costs
**c) Other**
Accommodation Costs:
Council Tax
Utility Costs
Insurance
Emergency Accommodation
Repairs and Maintenecae
Furniture and White Goods
Sundry
Recruitment Costs
Independent Examiner cost
General Administration
Legal Fees
Contingency provision
Grants received:|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
7,000
0
7,000
6,000
36,500
0
36,500
18,000
13,440
0
13,440
7,760
18,000
0
18,000
18,000
**74,940**
**0**
**74,940**
**49,760**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
0
0
0
0
**0**
**0**
**0**
**0**
42,475
0
42,475
24,221
8,077
0
8,077
4,470
5,450
0
5,450
3,293
1,220
0
1,220
0
**57,222**
**0**
**57,222**
**31,984**
5,651
0
5,651
5,334
7,984
0
7,984
3,716
0
0
0
1,722
0
0
0
5,330
8,006
0
8,006
3,716
472
0
472
2,368
2,246
0
2,246
1,911
996
0
996
1,706
1,647
0
1,647
500
1,115
0
1,115
538
3,524
0
3,524
0
5,000
0
5,000
0
**36,641**
**0**
**36,641**
**26,841**| |---|---| 11 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** ## **4. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2023: Nil) ## **5. TANGIBLE FIXED ASSETS** The charity owned no fixed asset during the financial period. (2023:Nil) |**6. DEBTORS AND PREPAYMENTS**
Other debtor
Prepayments
**7. CASH AT BANK AND IN HAND**
Cash at bank and on hand
Income received in advance
Accruals
Independent Examiners Fees
Contingency provision
Other Creditors
**8. CREDITORS AND ACCRUALS: AMOUNTS**
**FALLING DUE WITHIN ONE YEAR**
**9. CREDITORS AND ACCRUALS: AMOUNTS**
**FALLING DUE IN MORE THAN ONE YEAR**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
3,098
0
3,098
1,600
0
0
0
885
3,098
0
**3,098**
**2,485**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
59,746
0
59,746
90,508
59,746
0
**59,746**
**90,508**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
0
0
0
18,500
5,599
0
5,599
3,965
1,140
0
1,140
500
5,000
0
5,000
0
11,739
0
**11,739**
**22,965**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
0
0
0
0
0
0
**0**
**0**| |---|---| 12 ## **NORTH LONDON PASTORAL ASSISTANTS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** ## **10. DESIGNATED AND RESTRICTED FUNDS** The Charity held no designated and restricted funds in the financial period. (2023: Nil) ## **11. RISK ASSESSMENT** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **12. RESERVES POLICY** The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **13. PUBLIC BENEFIT** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 13