Lincoln Road Chapel
Trustees Annual Report for year ending 31[st] December 2023
Aim and Purposes
The principal purpose of the Church is the advancement of the Christian faith in accordance with Membership Fundamentals. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The Trustees are also specifically responsible for the maintenance of the Church buildings, the manse at 70 Sutherland Road and the adjacent flats (Beaufort House) at 442 Lincoln Road.
Objectives and Activities
The Trustees are committed to enabling as many people as possible to worship at our church and to become part of the community at LRC. The Trustees maintain an overview of worship in the Church and make suggestions on how our services can involve the many groups that live within the local area. Our service and worship put faith into practice through prayer and Scripture, music and teaching.
When planning our activities for the year, the Trustees have considered the Charity Commission guidance on public benefit, and in particular, the guidance on charities for the advancement of religion. To this end we try to enable ordinary people to live out their faith as part of our church community through:
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Regular public worship, prayer, Bible study, preaching and teaching;
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Communion of the Lord’s Supper which shall normally be observed once a week;
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Evangelism and mission, locally, regionally, nationally and internationally;
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Nurture and growth of Christian disciples;
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Giving and encouraging pastoral care;
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Supporting and encouraging charitable social action in the United Kingdom and abroad;
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Encouraging relationships with and supporting other Christians.
To facilitate this work it is important that we maintain the fabric of the Church and buildings
Achievements and Performance
Worship and Prayer
The Trustees were keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. This includes Bible Study and Prayer Meetings for committed Christians, Gospel and outreach meetings for those exploring the faith. Our Morning Meeting is run in conjunction with a Junior Church to enable and encourage Families with Children to attend.
The Church holds a variety of events that have a common element of ‘food’, this included three Fellowship Meals following the Sunday Morning Service, an Afternoon Tea in the Summer and a Ladies Breakfast. These are intended as an outreach, but also to encourage interaction and a feeling of community within our congregation.
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Lincoln Road Chapel
Trustees Annual Report for year ending 31[st] December 2023
The Church continues to maintain an online presence, publishing a meeting on You Tube each Sunday and holds a weekly Zoom Meeting for Prayer and Bible Study. We have a WhatsApp Group and Weekly Newsletter to circulate prayer requests and keep the congregation in touch and aware of developments.
All are welcome to attend our regular services. At present the Church has 34 members, with an average attendance on the Sunday Morning Meeting of between 35 and 50 people.
The Church Buildings
The Trustees completed the programme to overhaul the Church owned buildings. Work on the Main Hall and Beaufort House Upstairs Flat were undertaken last year This year attention was turned to The Manse (70 Sutherland Road) and the Beaufort House Downstairs Flat
The central heating system of the Manse was upgraded, including new Boiler, Pipework, Radiators and TRV’s. Downstairs Chimney Breast were removed to create additional space, and a new damp course was fitted.
A full refit of the Downstairs Flat in Beaufort House included a change to the room configuration to create a communal Lobby area, new windows to the rear, new bathroom suite and a new fitted kitchen. A full redecoration was undertaken as well as new flooring throughout
Pastoral Care
During the week the Rear Hall was used by our Toddlers group on Thursday. We have approximately 20 children for each session (morning and afternoon) with a waiting list for the morning session.
We also ran Family Church Days three times in 2023 on a Saturday. This involved craft activities for the Children, a short talk and a meal afterwards. These are always well received and are seen as good way to make an initial contact with families in the area.
Some members of the Church were unable to attend meetings due to sickness or age. Pastor Paul Fellows regularly undertook home and hospital visits to any who require this.
Mission and Evangelism
We demonstrated our faith by giving to those in need. Although the Church does not take a collection there are boxes at the back of the Church for those who wished to donate in that way. Any donations made to the Church on the 1[st] Sunday of each month were given to charitable causes. Regular recipients included Tear Fund, FEBA Radio, CAM International and Open Doors UK. The Church also responded to specific appeals.
Financial Review
The Church Finances remained in a satisfactory position. The assembly is dependent on donations made by the Church members and other donors, which for the year ending 31[st] Dec. 2023 totalled £46,462. Other main incomes are Rent from Beaufort House (£19,813), Gift Aid receipts (£9,610),
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Lincoln Road Chapel
Trustees Annual Report for year ending 31[st] December 2023
Toddler Group Fees (£1,920) and Interest on investments (£1,115).
Whilst total expenditure (£117,974) was greater than income by £38,562, this was because of the work undertaken to upgrade the buildings. This was both necessary and overdue, we have also begun to see an increase in the Beaufort House rental receipts due to the work done.
Reserves Policy
The Trustees agreed to maintain a balance of £22,000 in the reserve fund, this being part of the £35,000 currently held in National Savings income Bonds. This equates to at least three months unrestricted payments
Volunteers
The work was sustained by the good will of the members who give of their time, skills and money so willingly to enable this ministry to continue.
Structure, governance and management
The Lincoln Road Chapel is a registered charity (Number 1175925). The Churches Constitution details the management and governance of the church. The governing body of the church is the board of trustees, currently comprising of four people. The Charity Trustees are responsible for the governance and daily running of the Church acting according to the will of God as discerned by the Church Members’ Meeting and subject to any specific or general directions of the Church Members’ Meeting.
The Trustees meet most weeks to discuss matters arising from the day to day running of the church. In regard to spiritual matters, the pastor and elders may provide guidance and advice as may be necessary from time to time. The full membership of the church meets three times a year to consider all matters of general concern including deciding on how the funds of the church are to be spent.
Special church members meetings can be called should this be deemed necessary.
Administrative information
| Trustees | Paul Fellows (Pastor) |
|---|---|
| Alan Bocock (Treasurer) | |
| Richard Fellows (Treasurer) | |
| Sathulu Chilongo | |
| Correspondence address | 70 Sutherland Road |
| Edmonton | |
| N9 7QG | |
| Independent Examiner | Renata Stamoulis MA, MICB Dip.PM Dip |
| 24 Apple Grove | |
| Enfield | |
| EN1 3DD |
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Approved by the Trustees on 29th September 2024 and signed on their behalf by Pastor Paul Fellows
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Lincoln Road Chapel
Financial Statements for the year ending 31st December 2023
Statement of Financial Activities
| Statement of Financial Activities | |
|---|---|
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
| Incoming resources Incoming resources from generated funds Voluntary income Investment income Other incoming resources Total income Resources used Charitable activities Other resources used Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Beaufort House Fund Benevolent Fund Building Renovation Fund Manse Fund Missionary Mothers and Toddlers Outreach Fund Reserve Fund Youth Fund |
58,198 — — 58,198 61,311 1,114 — — 1,114 289 20,135 — — 20,135 4,292 |
| 79,449 — — 79,449 65,893 118,011 — — 118,011 96,593 — — — — — |
|
| 118,011 — — 118,011 96,593 — — — — — |
|
| (38,561) — — (38,561) (30,699) 55,900 — — 55,900 34,496 (55,900) — — (55,900) (34,496) — — — — — |
|
| (38,561) — — (38,561) (30,699) |
|
| 92,667 — — 92,667 123,367 |
|
| 54,105 — — 54,105 92,667 14,225 — — 14,225 53,092 4,839 — — 4,839 10 2,107 — — 2,107 197 3,946 — — 3,946 3,946 2,285 — — 2,285 8,987 310 — — 310 738 1,517 — — 1,517 1,341 1,900 — — 1,900 1,281 22,000 — — 22,000 22,000 972 — — 972 1,070 |
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Balance Sheet
| Balance Sheet | |
|---|---|
| General Designated Restricted Endowment This year Last year |
|
| Current assets Investments Cash at bank and in hand Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Designated Building Renovation Fund Benevolent Fund Outreach Fund Mothers and Toddlers Youth Fund Missionary Beaufort House Fund Manse Fund Reserve Fund Funds of the church |
— 35,000 — — 35,000 35,000 14,225 4,880 — — 19,105 57,667 |
| 14,225 39,880 — — 54,105 92,667 |
|
| 14,225 39,880 — — 54,105 92,667 |
|
| 14,225 39,880 — — 54,105 92,667 |
|
| 14,225 39,880 — — 54,105 92,667 14,225 — — — 14,225 53,092 — 3,946 — — 3,946 3,946 — 2,107 — — 2,107 197 — 1,900 — — 1,900 1,281 — 1,517 — — 1,517 1,341 — 972 — — 972 1,070 — 310 — — 310 738 — 4,839 — — 4,839 10 — 2,285 — — 2,285 8,987 — 22,000 — — 22,000 22,000 |
|
| 14,225 39,880 — — 54,105 92,667 |
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Current assets - Cash at bank and in hand Bank current account - Bank reserve account - Totals Current assets - Investments NS&I Income Bonds - Totals Grand total |
24,936 (8,865) — — 16,071 51,293 (4,586) 7,621 — — 3,034 6,373 |
| 14,225 4,880 — — 19,105 57,667 — 35,000 — — 35,000 35,000 |
|
| — 35,000 — — 35,000 35,000 |
|
| 14,225 39,880 — — 54,105 92,667 |
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Fund movement by type
| und movement by type | |
|---|---|
| Opening Incoming Outgoing Transfers Gains/losses Journals Closing |
|
| CommFD - Outreach Fund Designated Sub-total for CommFD General - General fund Unrestricted Sub-total for General MothTodd – Toddlers Group Designated Sub-total for MothTodd Youth - Youth Fund Designated Sub-total for Youth Mission - Missionary Designated Sub-total for Mission Beaufort - Beaufort House Fund Designated Sub-total for Beaufort Manse - Manse Fund Designated Sub-total for Manse Reserve - Reserve Fund Designated Sub-total for Reserve Building - Building Renovation Designated Sub-total for Building Bene - Benevolent Fund Designated Sub-total for Bene Grand total |
1,281 20 1,401 2,000 — — 1,900 |
| 1,281 20 1,401 2,000 — — 1,900 53,092 51,427 34,394 (55,900) — — 14,225 |
|
| 53,092 51,427 34,394 (55,900) — — 14,225 1,341 1,920 1,743 — — — 1,517 |
|
| 1,341 1,920 1,743 — — — 1,517 1,070 — 97 — — — 972 |
|
| 1,070 — 97 — — — 972 738 4,172 5,500 900 — — 310 |
|
| 738 4,172 5,500 900 — — 310 10 17,140 45,311 33,000 — — 4,839 |
|
| 10 17,140 45,311 33,000 — — 4,839 8,987 2,710 29,411 20,000 — — 2,285 |
|
| 8,987 2,710 29,411 20,000 — — 2,285 22,000 — — — — — 22,000 |
|
| 22,000 — — — — — 22,000 3,946 — — — — — 3,946 |
|
| 3,946 — — — — — 3,946 197 2,060 150 — — — 2,107 |
|
| 197 2,060 150 — — — 2,107 |
|
| 92,667 79,449 118,011 — — — 54,105 |
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Analysis of Income and Expenditure
| Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary income 0101 - Gift Aid Standing Order 22,800 — — — 22,800 18,090 0102 - Gift Aid Bank Transfer 6,564 580 — — 7,144 8,774 0110 - Gift Aid Envelope scheme 4,470 — — — 4,470 5,861 0115 - Gift Aid Smallplate (GASD) 1,585 1,680 — — 3,265 3,842 0120 - Church offerings 3,921 1,450 — — 5,371 8,895 0303 - Sundry collections — — — — — — 0601 - Income tax recovered — 1,920 — — 1,920 2,660 0850 - Special Gift Non-Gift Aid 9,610 — — — 9,610 9,088 0851 - Special Gift - Gift Aid 276 2,400 — — 2,676 4,100 Total 800 142 — — 942 — Incoming resources from generated funds - Investment income 1020 - Interest received 1,114 — — — 1,114 289 Total 1,114 — — — 1,114 289 Other incoming resources 1030 - Rent — 19,813 — — 19,813 4,292 1099 - Unknown 285 37 — — 322 — Total 285 19,850 — — 20,135 4,292 |
Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary income 0101 - Gift Aid Standing Order 22,800 — — — 22,800 18,090 0102 - Gift Aid Bank Transfer 6,564 580 — — 7,144 8,774 0110 - Gift Aid Envelope scheme 4,470 — — — 4,470 5,861 0115 - Gift Aid Smallplate (GASD) 1,585 1,680 — — 3,265 3,842 0120 - Church offerings 3,921 1,450 — — 5,371 8,895 0303 - Sundry collections — — — — — — 0601 - Income tax recovered — 1,920 — — 1,920 2,660 0850 - Special Gift Non-Gift Aid 9,610 — — — 9,610 9,088 0851 - Special Gift - Gift Aid 276 2,400 — — 2,676 4,100 Total 800 142 — — 942 — Incoming resources from generated funds - Investment income 1020 - Interest received 1,114 — — — 1,114 289 Total 1,114 — — — 1,114 289 Other incoming resources 1030 - Rent — 19,813 — — 19,813 4,292 1099 - Unknown 285 37 — — 322 — Total 285 19,850 — — 20,135 4,292 |
|---|---|
| 1,114 — — — 1,114 289 — 19,813 — — 19,813 4,292 285 37 — — 322 — |
|
| 285 19,850 — — 20,135 4,292 |
|
| INCOME TOTAL | 51,427 28,022 — — 79,449 65,893 |
| EXPENDITURE Charitable activities 2200 - Heating, light and water 2201 - Insurance 2203 - LBE Rates 2231 - Cleaning 2232 - Other working expenses 2233 - Building maintenance 2234 - Catering 2235 - Audio and Visual 2236 – Gardens & Grounds 2500 - Ministerial Net Pay 2502 - Visiting Ministry 2503 - HMRC Tax & Nat.Ins. 2600 - Publicity 2610 - Flowers 2620 - Church Secretary Exp. 2630 - Gifts and Prizes 2640 - Stationary 2650 - Arts, Crafts and Activities 2660 - Safeguarding Expenses 2700 - Missionary Payment 2710 - Benevolent Fund gift Total |
3,357 942 — — 4,299 3,492 1,610 1,192 — — 2,802 2,536 — 2,928 — — 2,928 160 131 117 — — 248 325 1,219 2,996 — — 4,215 4,041 — 67,378 — — 67,378 49,857 41 827 — — 869 663 545 — — — 545 379 231 — — — 231 128 21,750 — — — 21,750 21,750 580 — — — 580 380 2,010 — — — 2,010 2,164 1,637 290 — — 1,927 522 447 — — — 447 834 77 — — — 77 54 — 330 — — 330 365 255 — — — 255 19 — 962 — — 962 555 499 — — — 499 640 — 5,500 — — 5,500 7,270 — 150 — — 150 450 |
| 34,394 83,616 — — 118,011 96,593 |
|
| EXPENDITURE TOTAL | 34,394 83,616 — — 118,011 96,593 |
| GRAND TOTAL | 17,032 (55,594) — — (38,561) (30,699) |
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LINCOLN ROAD CHAPEL
ACCOUNTS 1st Jan. to 31st Dec 2023 RECEIPTS AND PAYMENT
Charity Commission Registered Charity No. 1175925
| Offerings (Gift Aid) Offerings & Special Gifts (No Gift Aid) Gift Aid Small Donations Toddler Group Fees Designated Fund Receipts - (No Gift Aid) Designated Offerings - Missions (Gift Aid & GASD) Designated Offerings - Missions (No Gift Aid) Legacies CHAPS Payment (unknown origin) Interest: Bank & Investment Accounts Rent Income: Beaufort House Tax Recovered from HMRC (Gift Aid Receipts) RECEIPTS FROM ASSETS RECEIPTS - VOLUNTARY RECEIPTS - OTHER |
2023 34,634.00 3,991.00 1,585.30 1,920.00 2,080.00 2,402.00 1,770.00 206.00 285.60 48,873.90 1,114.68 19,813.15 20,927.83 9,610.46 79,412.19 92,667.48 172,079.67 2023 23,760.93 580.00 1,841.83 1,734.02 600.00 28,516.78 255.10 480.26 738.69 301.90 672.11 131.50 499.65 510.02 577.80 4,167.03 |
2022 32,125.10 6,343.50 2,421.10 2,660.00 140.00 2,021.70 3,112.00 3,400.00 0.00 |
|---|---|---|
| 52,223.40 | ||
| 289.99 4,292.00 |
||
| 4,581.99 | ||
| 9,088.05 | ||
| Total Receipts | 65,893.44 | |
| Bank Balances at 1st Jan. 2023 TOTAL |
2022 23,914.80 380.00 1,659.72 522.21 600.00 |
|
| Salary/Allowances/Income Tax Visiting Ministry Junior Church & Toddler Group Publicity & Evangelistic outreach Annual Offering to A.O.G. Stationery Catering (Family Church, Joint Meetings etc.) Audio & Visual (Including Internet) Miscellaneous Toys & Arts/Craft Materials Cleaning Safeguarding Expenditure Church Flowers & Cards Accounts (Software, Examination etc.) PAYMENTS - MINISTRY PAYMENTS - ADMINISTRATION |
||
| 27,076.73 | ||
| 58.84 280.45 379.87 577.24 0.00 272.64 640.84 849.48 555.80 |
||
| 3,615.16 |
Page 1 of 2
| Council Tax & Insurances Utilities (Gas, Electricity & Water) Repairs, Maintenance & Improvements Grounds Maintenance & Tree Surgery Renovation Beaufort House 1st Floor Flat Manse Building Work - New DPC, Remove C.B's, New Boiler Renovation Beaufort House Grd Floor Flat New Roof, Doors & Cuboards Etc. (Between Halls) Boiler Replacement & Heating Upgrade (B.H. Grd Floor Flat) Upgrade Main Hall Electrics World Mission & Relief Appeals Benevolent Gifts PAYMENTS - PROPERTY PAYMENTS - GIFTS |
2023 6,421.14 5,133.77 1,214.97 231.92 0.00 26,645.28 39,993.21 0.00 0.00 0.00 79,640.29 5,500.00 150.00 5,650.00 117,974.10 54,105.57 172,079.67 |
2022 4,531.30 3,290.96 2,214.00 778.97 25,381.12 0.00 0.00 13,069.00 6,120.00 2,796.00 |
|---|---|---|
| 58,181.35 | ||
| 7,270.00 450.00 |
||
| 7,720.00 | ||
| Total Payments | 96,593.24 | |
| Bank Balances at 31st Dec. 2023 TOTAL |
Bank Balances at 31 December 2023
| NatWest Current a/c NatWest Business Reserve a/c National Savings Income Bonds |
Church Mothers & Toddlers Youth Missionary Beaufort House Manse Reserve Building Renovations Outreach Benevolent Fund 54,105.57 16,071.02 3,034.55 35,000.00 |
14,225.22 1,517.86 972.81 310.36 4,839.11 2,285.49 22,000.00 3,946.65 1,900.57 2,107.50 |
|---|---|---|
| 54,105.57 |
ASSETS - With approximate value
| ASSETS - With approximate value | |
|---|---|
| Lincoln Road Chapel, Ponders End, Enfield, EN3 4AH | £500,000 |
| Beaufort House, 442 Lincoln Road, Enfield, EN3 4AH | £600,000 |
| The Manse, 70 Sutherland Road, Edmonton, N9 9QG | £450,000 |
These properties are held mortgage free in the name of the Trustees for Lincoln Road Chapel
Page 2 of 2
Lincoln Road Chapel
Registered Charity Number:1175925
22/10/2024
Independent Examiners’ Report
For the year ending 31[st] December 2023
TO THE TRUSTEES OF LINCOLN ROAD CHAPEL
Richard Fellows Alan Bocock Chilongo Sathulu Rev Paul Fellows
I, below, signed the Independent Examiner of Lincoln Road Chapel's financial records for the year ending 31 December 2023 report on the examination.
As per the Charity Commission's new directions and guidance (CC32), Lincoln Road Chapel (LRC) qualifies for the Independent Examination rather than an Audit with income thresholds below £1 million or £250,000 (when other assets of total value up to £3.26 million are considered).
Lincoln Road Chapel's exact income for the year ending 31 December 2023 is £79 449, and its Net Value is £-38,561 after the expenses of £110,011 have been taken off.
Please note that the value of fixed assets owned by the Charity is undisclosed. For the purpose of this examination they are considered at their purchase value.
Lincoln Road Chapel also meets the Independent Examination eligibility criteria independently of consideration of the fixed asset value.
Charity's balance accounts list current assets in the form of donations represented by the relevant, identifiable funds.
As an examiner I have a duty to report on the 3 main areas of the accounts:
If the Accounts are kept to the required standard
If the accounts agree with the records
If the adopted format of the Lincoln Road Chapel’s accounts is correct
Additionally, I have a duty to report on any issued that I come across and that remained unresolved upon my investigation and communications during the Independent Examination.
Lincoln Road Chapel
Registered Charity Number:1175925
22/10/2024
I have examined the Charity’s Accounts, discussed the matters that I came across verbally and electronically with Mr R. Fellows, responsible for preparing the accounts and representing the Trustees of Lincoln Road Chapel.
The Charity continues its work from previous years, with steady income from regular donors, planned expenses and focus on the goals highlighted in the Charity Manifesto.
Accounting records are good, orderly. verifiable for the authenticity of activities and with accounts.
Charity’s accounts are prepared on Receipts and Payments basis and Charity meet the eligibility criteria with gross income falling below £250,000.
I followed the examiner's directions for carrying out this examination. I referred to other relevant HMRC sources and raised questions, for which I received good explanations.
The process of Independent Examination is recorded in the Notes to the Independent Examination, where I also documented the explanations and resolutions to matters that came up.
The Recommendations’ part of the Notes contains the plan of action for implementation.
Under the obligation the Examiner additionally submitted the Chairty’s Information for the AML checks of compliance, with the Institute of Certified Bookkeepers (ICB), the regulatory body.
The result came back consistent with previous years. ICB Client Reference Number: 155736
Notes: HMRC Sources:
CC32 Independent Examination of Charity Accounts
The Charities Statement of Recommended Practice SORP
UK Government Publications Charity Reporting and Accounting Essentials
Register of Charities – Charity Commission
Abbreviations used – LRC – Lincoln Road Chapel
Lincoln Road Chapel
Registered Charity Number:1175925
22/10/2024
In conclusion: I have No concerns and No significant matters came to my attention.
----- Start of picture text -----
Signed
----- End of picture text -----
Renata Stamoulis Mr Richard Fellows MA, Independent Examiner Representing the Trustees MICB Full Member of Lincoln Road Chapel
Proprietor: Renata Stamoulis 24 Apple Grove, Enfield, Middlesex EN1 3DD, UK Registered in England No Registered Practice 13771
Licenced and regulated by the Institute of Certified Bookkeepers (ICB) and supervised under the Money Laundering Regulations 2007