## **Lincoln Road Chapel**
## **Trustees Annual Report for year ending 31[st] December 2024**
## **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 particularly 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:
- Regular public worship, prayer, Bible study, preaching and teaching.
- Communion of the Lord’s Supper which shall normally be observed once a week.
- Evangelism and mission, locally, regionally, nationally and internationally.
- Nurture and growth of Christian disciples.
- Giving and encouraging pastoral care.
- Supporting and encouraging charitable social action in the United Kingdom and abroad.
- 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.
This year also saw the resumption of a Youth Meeting for those aged 11 to 16, initially this will be once a month whilst we gauge interest. Also, the midweek Connect Meeting has resumed; to pray, open Gods word and share lunch. Both meetings were halted by COVID.
**Page 1**
## **Lincoln Road Chapel**
## **Trustees Annual Report for year ending 31[st] December 2024**
The Church holds a variety of events that have a common element of ‘food’, this included two Fellowship Meals following the Sunday Morning Service, two Afternoon Teas in the Summer, two Mens Breakfasts and two Ladies Breakfast. These are intended as an outreach, but also to encourage interaction and a feeling of community within our congregation.
The Church continues to maintain an online presence, publishing a meeting on You Tube every other Sunday and holding 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 36 members, with an average attendance on the Sunday Morning Meeting of between 40 and 50 people.
## _**The Church Buildings**_
The Trustees completed a programme to overhaul the Church owned buildings during 2022-23. As a result, only minimal maintenance work was required this year, whilst the upgraded flats supply a good income and are beginning to repay that outlay.
## _**Pastoral Care**_
During the week the Rear Hall was used by our Toddlers group on Thursday. We have approximately 15-20 children for each session (morning and afternoon).
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.
The Church have been looking to hire an Associate Minister to help Paul, we have engaged Pastor Dustin Pruett on a part time basis, with the hope that he will become full-time in due course.
## _**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. 2024 totalled £85,754. Other main incomes are Rent from Beaufort House (£28,100), Gift Aid receipts (£10,862), Toddler Group Fees (£2,137) and Interest on investments (£1,776).
**Page 2**
## **Lincoln Road Chapel**
## **Trustees Annual Report for year ending 31[st] December 2024**
Total expenditure (£57,812) was less than income by £71,074, there are two main factors responsible for this. Firstly a ‘one-off’ donation (not Gift Aided) of £30,000; secondly an increase in the Beaufort House rental receipts due to the work done in 2022/23. All accounts are prepared using Finance Coordinator software in accordance with SORP (FRS 102) standards.
## _**Reserves Policy**_
The Trustees agreed to increase the balance to £25,000 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 (adopted 19[th] November 2017) 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. Regarding 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|
**Page 3**
## _**Approved by the Trustees on 18th May 2025 and signed on their behalf by Richard Fellows**_
## _**Notes**_
_Valuations for Church owned Properties:_ 70 Sutherland Road - £425,000 Beaufort House - £620,000 Church Buildings and Land - £500,000
**Page 4**
## **Lincoln Road Chapel**
## _**Financial Statements for the year ending 31st December 2024**_
## **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|98,980
—
—
98,980
58,198
1,775
—
—
1,775
1,114
28,130
—
—
28,130
20,135|
||**128,886**
**—**
**—**
**128,886**
**79,449**
57,812
—
—
57,812
118,011
—
—
—
—
—|
||**57,812**
**—**
**—**
**57,812**
**118,011**
—
—
—
—
—|
||**71,074**
**—**
**—**
**71,074**
**(38,561)**
5,000
—
—
5,000
55,900
(5,000)
—
—
(5,000)
(55,900)
—
—
—
—
—|
||**71,074**
**—**
**—**
**71,074**
**(38,561)**|
||**54,105**
**—**
**—**
**54,105**
**92,667**|
||**125,179**
**—**
**—**
**125,179**
**54,105**
64,345
—
—
64,345
14,225
22,994
—
—
22,994
4,839
1,857
—
—
1,857
2,107
2,235
—
—
2,235
3,946
2,969
—
—
2,969
2,285
512
—
—
512
310
2,509
—
—
2,509
1,517
1,822
—
—
1,822
1,900
25,000
—
—
25,000
22,000
932
—
—
932
972|
**Page 5**
## **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
64,345
25,834
—
—
90,179
19,105|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**
64,345
—
—
—
64,345
14,225
—
2,235
—
—
2,235
3,946
—
1,857
—
—
1,857
2,107
—
1,822
—
—
1,822
1,900
—
2,509
—
—
2,509
1,517
—
932
—
—
932
972
—
512
—
—
512
310
—
22,994
—
—
22,994
4,839
—
2,969
—
—
2,969
2,285
—
25,000
—
—
25,000
22,000|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**|
## **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**|27,445
12,088
—
—
39,534
16,071
43,024
7,621
—
—
50,645
3,034|
||**64,345**
**25,834**
**—**
**—**
**90,179**
**19,105**
—
35,000
—
—
35,000
35,000|
||**—**
**35,000**
**—**
**—**
**35,000**
**35,000**|
||**64,345**
**60,834**
**—**
**—**
**125,179**
**54,105**|
**Page 6**
## **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**|1,900
—
78
—
—
—
1,822|
||**1,900**
**—**
**78**
**—**
**—**
**—**
**1,822**
14,225
95,047
39,927
(5,000)
—
—
64,345|
||**14,225**
**95,047**
**39,927**
**(5,000)**
**—**
**—**
**64,345**
1,517
2,137
1,145
—
—
—
2,509|
||**1,517**
**2,137**
**1,145**
**—**
**—**
**—**
**2,509**
972
—
39
—
—
—
932|
||**972**
**—**
**39**
**—**
**—**
**—**
**932**
310
3,202
5,000
2,000
—
—
512|
||**310**
**3,202**
**5,000**
**2,000**
**—**
**—**
**512**
4,839
23,700
5,544
—
—
—
22,994|
||**4,839**
**23,700**
**5,544**
**—**
**—**
**—**
**22,994**
2,285
4,400
3,716
—
—
—
2,969|
||**2,285**
**4,400**
**3,716**
**—**
**—**
**—**
**2,969**
22,000
—
—
3,000
—
—
25,000|
||**22,000**
**—**
**—**
**3,000**
**—**
**—**
**25,000**
3,946
—
1,710
—
—
—
2,235|
||**3,946**
**—**
**1,710**
**—**
**—**
**—**
**2,235**
2,107
400
650
—
—
—
1,857|
||**2,107**
**400**
**650**
**—**
**—**
**—**
**1,857**|
||**54,105**
**128,886**
**57,812**
**—**
**—**
**—**
**125,179**|
**Page 7**
## **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
28,250
—
—
—
28,250
22,800
0102 - Gift Aid Bank Transfer
7,852
30
—
—
7,882
7,144
0110 - Gift Aid Envelope scheme
4,320
—
—
—
4,320
4,470
0115 - Gift Aid Smallplate (GASD)
1,138
1,452
—
—
2,590
3,265
0120 - Church offerings
4,875
1,300
—
—
6,175
5,371
0303 - Sundry collections
228
2,137
—
—
2,365
1,920
0601 - Income tax recovered
10,862
—
—
—
10,862
9,610
0850 - Special Gift Non-Gift Aid
35,715
820
—
—
36,535
2,676
0851 - Special Gift - Gift Aid
—
—
—
—
—
942
Total
93,241
5,739
—
—
98,980
58,198
**_Incoming resources from generated funds - Investment income_**
1020 - Interest received
1,775
—
—
—
1,775
1,114
Total
1,775
—
—
—
1,775
1,114
**_Other incoming resources_**
1030 - Rent
—
28,100
—
—
28,100
19,813
1099 - Unknown
30
—
—
—
30
322
Total
30
28,100
—
—
28,130
20,135|**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**_Incoming resources from generated funds - Voluntary income_**
0101 - Gift Aid Standing Order
28,250
—
—
—
28,250
22,800
0102 - Gift Aid Bank Transfer
7,852
30
—
—
7,882
7,144
0110 - Gift Aid Envelope scheme
4,320
—
—
—
4,320
4,470
0115 - Gift Aid Smallplate (GASD)
1,138
1,452
—
—
2,590
3,265
0120 - Church offerings
4,875
1,300
—
—
6,175
5,371
0303 - Sundry collections
228
2,137
—
—
2,365
1,920
0601 - Income tax recovered
10,862
—
—
—
10,862
9,610
0850 - Special Gift Non-Gift Aid
35,715
820
—
—
36,535
2,676
0851 - Special Gift - Gift Aid
—
—
—
—
—
942
Total
93,241
5,739
—
—
98,980
58,198
**_Incoming resources from generated funds - Investment income_**
1020 - Interest received
1,775
—
—
—
1,775
1,114
Total
1,775
—
—
—
1,775
1,114
**_Other incoming resources_**
1030 - Rent
—
28,100
—
—
28,100
19,813
1099 - Unknown
30
—
—
—
30
322
Total
30
28,100
—
—
28,130
20,135|
|---|---|
||1,775
—
—
—
1,775
1,114
—
28,100
—
—
28,100
19,813
30
—
—
—
30
322|
||30
28,100
—
—
28,130
20,135|
|**INCOME TOTAL**|95,047
33,839
—
—
128,886
79,449|
|**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.
2506 – Contrib.to Dustin’s Salary
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|4,075
1,270
—
—
5,345
4,299
1,772
1,306
—
—
3,078
2,802
—
1,825
—
—
1,825
2,928
291
57
—
—
349
248
2,609
592
—
—
3,202
4,215
280
3,394
—
—
3,674
67,378
415
577
—
—
993
869
849
—
—
—
849
545
233
2,590
—
—
2,823
231
21,750
—
—
—
21,750
21,750
360
—
—
—
360
580
2,164
—
—
—
2,164
2,010
3,548
—
—
—
3,548
—
549
—
—
—
549
1,927
442
—
—
—
442
447
22
—
—
—
22
77
218
231
—
—
449
330
155
—
—
—
155
255
—
488
—
—
488
962
188
—
—
—
188
499
—
5,000
—
—
5,000
5,500
—
550
—
—
550
150|
||39,927
17,885
—
—
57,812
118,011|
|**EXPENDITURE TOTAL**|39,927
17,885
—
—
57,812
118,011|
|||
|**GRAND TOTAL**|55,120
15,954
—
—
71,074
(38,561)|
**Page 8**
Page 9
## Lincoln Road Chapel
Charity Number:1175925
Church Address: Lincoln Road Ponders End, EN3 4AH.
Registered Address: 70 SUTHERLAND ROAD LONDON N9 7QG Phone **:** 02084433492 email: contact@lincolnroadchapel.org.uk
## Independent Accounts Examination
for the year 1[st] January – 31[st] December 2024
## Report
## Lincoln Road Chapel
Charity Number:1175925
## **Content:**
General Information
The Charity Commission’s Directions
Examination under the guidance of the Charity Act (2021 version) Additional Information
Closing Statement
## **General Information**
The Charity’s accounts are prepared on a Receipts and Payments basis. Lincoln Road Chapel’s Accounts do not require an audit in accordance with Part 16 of the Companies Act 2006.
Lincoln Road Chapel qualifies for an Independent Examination by the Income **£128,816** for the year ending 31st December 2024, which is below the amount of £250,000 threshold for Charities.
The Examination of Lincoln Road Chapel’s accounts, which falls into class of small charities, does not require of the Examiner to be a member of professional body. Notwithstanding, the Examiner is qualified to perform the Examination.
The Charity’s accounts are prepared in accordance with FRS 102 (SORPS) and are tested under these criteria.
Lincoln Road Chapel’s 2024 accounts are an improved version, in terms of content and presentation, compared to previous years.
Accounts include recommended enhancements, such as the values of assets that generate additional income for the Charity, for improved financial transparency.
## Lincoln Road Chapel
Charity Number:1175925
## **General Information Continued**
The cooperative relationship between Lincoln Road Chapel’s accounting software, Donation Coordinator, Bright Pay, and Finance Coordinator has resulted in Charity’s various reports accurately reflecting its financial standing, including the most important Statements of Financial Activities, Balance Sheet, and Trustees' Reports.
Notably, all transactions in the online Reports are verifiable, with
minor/allowable discrepancies only, and can be traced to their source through manual checks/verifications, rather than automatically by hovering over. An upgrade of the Finance Coordinator accounting software will provide easier access to the transaction source, benefiting the collation of data and integration with supporting software.
Manual Files of Lincoln Road Chapel that are equally part of compliance, comprise receipts, bank statements, donor records, etc and complement the online accounts, contributing to a clear understanding of the Charity’s finances.
Further changes are being implemented to enhance the interpretation of accounts at any point in time.
Both Manual and Online Records are prepared with care, are verifiable, present financial information and the Charity’s works as per the purposes highlighted in the Governing document (Constitution adopted 19 November 2017), and to serve the public benefit.
## Lincoln Road Chapel
Charity Number:1175925
## **The Charity Commission’s Directions**
|Directon|Directon Heading|Applicable to Receipts and Payments
Accounts|
|---|---|---|
|1.|Check if the Charity is eligible for an Independent
Examination|✓|
|2.|Check if there are conflicts of interest preventing the Examiner
from undertaking the task|✓|
|3.|Record independent examination|✓|
|4.|Plan the independent examination|✓|
|5.|Check if the accounting records are kept to the required
standards|✓|
|6.|Check that the accounts are consistent with the accounting
records|✓|
|7.|If the accounts are prepared on an accruals basis and one or
more related party transactions took place the examiner must
check if these were properly disclosed in the notes to the
accounts|**_**|
|8.|Check the reasonableness of the significant estimates and
judgments and accounting policies used in accounting for the
types of fund held and in the preparation of the accounts|✓|
|9.|The examiner must check whether the trustees have
considered the financial circumstances of the charity at the end
of the reporting period and, if the accounts are prepared on an
accruals basis, check whether the trustees have made an
assessment of the charity’s position as a going concern when
approving the accounts|Part|
|10.|Check the form and content of the accounts|✓|
|11.|Identify items from the analytical review of the accounts that
need to be followed up for further explanation or evidence|✓|
|12.|Compare the trustees’ annual report with the accounts|✓|
|13|Write and sign the independent examination report|✓|
||-
Statutory duty to report matters of material
significance to the Commission.
-
Examiner’s discretion to report relevant matters to
the Commission||
In the Independent Examination of Lincoln Road Chapel’s accounts, the Examiner followed the Directions for Examination (CC32) by the Charity Commission for England and Wales (above).
## Lincoln Road Chapel
Charity Number:1175925
## **Examination under the guidance of the Charity Act (2021 version)**
The detailed process of the Examination carrier out in accordance with the guidance in the Charity Act (2021 version), is recorded in the Notes to the Examination. Additionally, the email correspondence with Mr Fellows, the chief Trustee, is a part of this Independent Examination.
The purpose of the Examination of Lincoln Road Chapel’s accounts was to answer the following only:
if accounting records are kept to the required standard if accounts agree with the records if the format of accounts is correct
Additional Requirements:
- A statutory duty to report matters of material significance to the Commission. Examiner’s discretion to report relevant issues to the Commission.
- Statutory duty to report matters, without obligation to undertake additional work to uncover or prove, regarding all matters of dishonesty or fraud, failure of internal controls, criminal activities and Money Laundering, support of terrorism, risk to charity’s beneficiaries, breaches of law of charity’s trusts, breach of an order or direction made by a charity regulator, modified audit opinion, or qualified independent examiner’s report, conflicts of interest and related party transactions (the last applicable only to accruals and payments basis accounts).
## **Additional Information:**
Resources used to complete the Independent Examination:
> - HMRC Charity Registration Record
- Lincoln Road Chapel website
- HMRC Government Independent Examination Guidance
- CC32 Charity Commission for England and Wales
- CHARITIES SORP (FRS 102)
- Gov.UK Rules for Charities
- Gov.UK Receipts and Payments Accounts.
## Lincoln Road Chapel
Charity Number:1175925
## Independent examiner’s report to the trustees of Lincoln Road Chapel (Registered Charity number 1175925)
**I report to the trustees of the Lincoln Road Chapel for the year ended 31[st] December 2024.**
The responsibility for the preparation of the Lincoln Road accounts, a registered charity, in accordance with the requirements of the Charities Act 2011 (‘the Act’), has been fulfilled.
**Closing Statement** : Upon examining the Accounts of Lincoln Road Chapel, Registered Charity number 1175925 under section 145 of the 2011, and following the Charity Commission Directions, I conclude that no material matters have come to my attention in connection with the Examination and that accounts are in:
correct format
are kept to required standards
the accounts agree with the accounting records
Renata Stamoulis
Independent Examiner
Mr Richard Fellows Representing the Trustees of LRC
14/10/2025