Reg15tered number: 108687
Charlty number: 222262
ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED)
OPERATING AS BETHNAL GREEN MISSION CHURCH
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RPGCC
Chartered Aceountanls & Statut¢xy Au¢thtor
40 Gracechurch Street
London
EC3V 08T

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company limlted by guarnnteè}
CONTENTS
Pa9e
Reference arKI administratrrfe details of Ihe charity, its Trustees and advise
Trustees. report
IndeperMJent examirErfs report
St*ement of ffinancial activities
10-11
12
Balance sheet
13-14
Notes to the financial ststements
15-33

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATEDI OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company15mited by guarnntse)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARI￿, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Bethany Lambert (appointed 15 February 2024)
Patricia Davis (resigned 10 September 2023)
Phillip Harniess
Bemadette Cunningham
Company registered
numter
108687
Charty registered
numttr
222262
Registered offi
305 Cambrtdge Heath Ro&J
London
E2 9LH
Church Minister arKI
Charity Secretary
Michael Houston
Accountants
RPG Crouch Chapman LLP
Chartered Accountants and Registered ALKlitors
40 Gracechurch Street
London
EC3V OBT
Bankers
TSB
404 Bethnal Green Road
Bethnal Green
London
E2 OAH
Page 1

ANNIE MACPHERSON HOIAE OF INDUSTRY (INCORPORATED) OPERATING AS BEThNAL GREEN
MISSION CHURCH
IA company Ilmfted by guarantse
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the finanaal statements of the chartty for the
1 January 2023 to 31 DerEmber 2023. The Annual report serves the purposes of both a Trustees,
report and a directors, report urvjer company law. The Trustees confirm that the Annual report and
rinanGial statements of the charitable company comply with the current statutory requirements. the
requirements of the charitabte company's goveming document and the provisions of the Statement of
Rewmmended Practice {SORP) applicable to charities preparirvJ their accounts in accordance with
the Finanual Reporting Standard appluble in the UK and ReputAK of Ireland (FRS102) (effective 1
January 2019).
sin￿ the charity qualifEs as small under section 382 of the Companies Act 2006, the Strategic report
Tequired of medium and large companies under the Companies Act 21￿ (strateg￿ Report arKI
Directors, Report) Regulations 2013 has been omttted.
ctNes arKJ activities
a. Policies and obiectf4es
Bethnal Green Mission Churth (BGMC) is a Christian church charitable company limited by
guarantee and is governed by a Memorandum arKI Articles of Association and values of faith.
BGMC'S founder, Annie Macpherson vfas a contemporary arrfl frieNI of Dr. Thomas Barnardo.
came to East London in the early 1e60s housifKJ. unemployment, poverty and disease
Y￿re rife. A 'hOn￿ of industy vras established to "educate religi¢Jusly and promote the ￿elfare of t
poor and needy by all manner of ￿EanS.. This w)rk continued in various guises until a buibjing was
erected in 1952 to provide Bethnal Green with a med￿] pradio under the newty f0m￿d National
Health Servi￿. DurirvJ this peri¢yJ. a Christian ￿lOkShoP was opened and, together with a thriving
Sunday School. a church was established. In 2018, a fve year redevelopnpnt scheme was
completed and a new church buikJiThJ communty spats was opened. This a*?rd winning building
has gNen BGMC a unique opportunity to provKle the area with a welcoming space for worship, prayer
and engagement with a dNerse lange of support. events and actrvrties fof decades to coff￿.
BGMC'S faith values are derived from a commitinent to relationships arKI communty seen in the
Trinitarian arKI loving nature of Gi)d, fulty revealed in Jesus Christ. We seek to express these values
in our lrfe and mission by being.. a Jesus4entred communty: an inclusNe community., a missional
community: a worshippirwJ communty: and a prophetic cornmunty. Our desire is to engage in long
temi. relational and innovative work which is relevant to the needs of our diverse communty and
which contributes to personal. sc¢ial and spiritual transfomation and *llbeirKJ. We do this through
empowering and equippir¥J BGMC members, staff and volunteers in the borough and through
partnerships with churches. schools. organisations and slatutw agencies.
The Beehive is a café, communty hub arKI CO•working space providing high qualty fo(MJ. coffee. tea
and hospttality. It is a not-for-prorrt entsrpris8 With a desire to use any money made to drive quality
and to support and equip those from d￿advantaged backgrounds through partnership and
opportunrty. Following in the footsteps of the Victorian legaty of BGMC'S founder, Annie Macphetson,
the airn of The Beehive is to brirvJ hope to those on the margins of our modern4Iay society. Annie
Macpherson's "Home of Industry. became a noted feature of the East ErKI and was known locally as
the 'Beehive'. The Beehive's desire is to recreate the welcoming and hospitable community founded
all those years ago. and to become a 'noted feature" of its 0￿￿, both for its high standards of quality
and for its socialty transformative legacy. The café operates with 3 ftjll time staff and a team of

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company Ilmlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and a¢tNities (Contin￿1)
volunteers from BGMC, other local churches and the communty. This collaborative WOTk enables the
café to be a genuine partnership betvRen a diverse range of local people and organisations. The café
is able to utilise the neighbouring green Spa￿ of Paradise Gardens and a group of communty
gardeners now meets to support the rejuvenation arKI maintenance of thts previousty neglected
space.
In setting objectives and planning for aclivities. the Twstees have given due consideration to general
guidance published by the Charity Commission relating to wblic benefit. including the guidance
'Publi¢ benefrt". running a charity (P82)'.
b. Activities undertaken lo achieve ot¥e¢tives
2023 was a busy year in the life and work of Bethnal Green Mission Church. The church building and
café continued to offer a ￿lCOm1ng environment for peop￿ to enter. both during the week and on
Sundays. As a result, the worshippir¥J communty has grown numerically, Kryth several people moving
into the area aThJ ￿CoMing a part of BGMC. The nurnbe￿ and dNersty of Feople attending Sunday
worship and midwEek small groups hwie grown during the year. As new people are welcomed into
the BGMC communty from many different backgrounds and viith a varEty of stories, gifts and
creatrve talents, there are new opportunitw and d￿l￿ngeS in wotship. pastoral care and mission.
The life of BGMC has certainly been enriched by this.
Our annual church N*Eekend avray in June was again signfficant. as had the opportunity to baptise
three people in a lake near the hotel. In the summer. Y￿ took 12 members of BGMC on our annual
retreat to County Cork. In September a long-serviThJ member of BGMC arKI trustee stepped down
from her leadership responsibilities after 20 years. We have been very grateful for her hard work.
viisdom arKI commitment to people arKI the communty of Bethnal Green foT many years. During the
year BGMC was able to support several people finan¢ialty as the cost-of4iving crtsis has continued to
be ChaI￿ngIng for many local people.
The BGMC Youth Team ran a monthly Frmlay night youth programme during the year. YourKJ peopl8
attend BGMC vRre irwolved in a ￿sidential at Hopper5. Kent in June. There were further
opportuntlies for training for BGMC'S senior Youth Worker durityj 2023. In March, he participated in a
Trauma Sensitive PeacebuildirrfJ coutse run by practitioners in Sarajevo, Bosnia. In September he
joined a cohort of Christian Leaders lor the Wmonth Joumey of HO￿ Pilgrimage. This inclLKled
residentials to a variety of UK PeaCerna￿ng organisations in the UK and Northem Ireland. This has
forged strong relationships with several peacemakers in the UK and cNerseas.
c. Main activities urKlertaken lo furttr*r the charit￿S purposes for the public benef
Art Wellbeing Workshops have been a free opportunty for adults in the surrounding area to use the
church space on a fortnightty basi8 to practi￿ their creativty within a social setting. Each Art
Wellbeing Workshop focused on a different activty that is achievable for anyone regardless of artisti¢
ability. wth a ￿gUlar attendance of 20-30 people. The people vèho attended often displayed a range
of emotions -often anxiety. shyness. hostilrty. and liredness. To provide people with a regular,
creative and sociable oudet has been transfomiative to many for their confidence and interactions.
Many mention a sense of achievement and relaxation by the erKI of the session.
Page 3

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATEDI OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
(A Company limited by guarantse)
TRUSTEES. REPORT {CONTINUED}
FOR TrIE YEAR ENDED 31 DECEMBER 2023
Objectives and activities (continued)
'Crafternoons' have been children and famity-focused arts and crafts sessions which took place
during the summer and V￿nter school holidays. Over 25 families have atlended these sessions. Adults
enjoyed being provided V￿th a Spa￿ where they could relax and enjoy refreshments, and many
decided to join in ￿￿th the craft activities ￿ their chiklren, who delighted in all the dtverse activrf(ies
on offer.
During February and March of 2023, BGMC partnered wrth Growth N￿ht Shelter to provide support
and meals for 15 guests every Tuesday evening and overnight. This took place in the church building
for the first time since the tEginning of the COVID-19 pandemic. A wide-ranging leam of volunteers
from BGMC, friends of the café. and contacts through the communty programme worked to cafe for
the guests during the evening. ovemlght and moming. Volunteers were responsible for providing
dinner. and breakfast. thecking on guest welfare and being around to support guests.
At the start of the year, many local charilies were providirKJ Wami Spa￿$ in their buildings to seek to
alleviate the burden placed on people ty the rising cost of electrictty and gas bills. BGMC joined this
initiative and provided a Warm spa￿ on Wednesdays for January arKI Febnjary, from 1 Oam-3pm.
The purpose was to provide a space for people to sk*nd the day, rf they were homeless, in unstable
accommodation, or could not afford the electricity bills to keep their homes comfortable during the
day.
We found that the majority of attendees to the Wami spa￿ ￿Ere women who struggled to afford
their electfictty bills, and sought company during the day. Many responded positively to craft activities
where they coukl practice new skills, and a sense of friendship and community became quickly
established within the group. On this basis, we decwjed to launch Craft & Company in April 2023 in
place of Warm Space, to more directly address the needs of those who attended. It offers crafting
opportunities and a hospitable and welcoming space for friendship, for peop￿ experiencing isolation
and loneliness. Both of these relational craft and art-related projects are led by our Operations
Manager and volunteers from BGMC.
In February 2023, BGMC dance workshops were launched by a member of BGMC and the leadership
team, to further diversfy the use of the space and to offer an exciting way to exercise, meet others,
and learn new skills. The dan￿ classes take place vRekly a¢vJ altemate beiween beginner and
intermediate levels to make it available to everyone.
Another new initiative in 2023 was to galvanise our partnerships with a local charity and set up a
weekly football session for asylum seekers and refugees in Tower Hamlets. This decision was made
in response to the grOV￿ng number of asylum seekers and refijgees settling in London, with no
means to worf( or study, or receive general support. Funding for this project was received by the East
End Community Foundation, as we worked in partnership with the sock?1 prescrit￿r$ assigned to
Whitechapel House. where many were accommodated. This project began in July 2023 and have
seen over 70 men take part. Thi5 has been very beneficial for their physical and mental health as well
as having a positive impact on their friendships. We have been able to provide football boots, clothing
and the pitch hire and staff and volunteers to enable this to be a project they Could trust to be there
every week. Additionally. we have been able to offer housing. mental health and financial support to
several men whom we have got to know.
Page 4

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
(A company limlted by guarnntee)
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and activities (continued)
Additional events and activities that have taken place during the year ￿re Communtty Carol Singing,
Gardening sessions in Paradise Gardens and Bethnal Beats the Beehive, a monthly poetry and
spoken word event.
The Beehive
t has been a gocrfj year of trading at The BeehNe filled wilh new staff, volunteers, regular and
passing customers and continued friendships wilh local I￿SInesSes. We glad￿ celebrated our 5th
Birthday in Juty 2023 with friends from the local communty. We have been con51Stently busy,
regularty hosting morning breakfast rushes and bigger groups for lunch. This increased considerably
when the Young V&A reopened on 1st July meanirKJ school holidays and weekends became
especially busy from when the museum opens at 10affl, to lunch se￿l¢e. to late aftemoon coffee &
cake trips. Revenue for July and August increased by 300%.
Our food menu remains a simple offering of breakfasts, toast & toasties wth either Homemade Soup
or Salad specials depending on the season. Some of our popular newer options have been garlic
mushrooms. cashew & buttemut smash or lettu￿. pea & mint on toast - these are more sustainable
and cost-effective options than our previoLLS 'avocaJo on toast. best-selling menu item. We rolled out
a menu-wide price increase on April 1st 2023 to account for the rising cosls of energy, ingredients,
cleaning products and staff wages. Within these changes, we also reduced the price of altemative
milks in a bid to not be seen as laxing. vegans for making sustainable choices.
The Beehive continues to attract vulnerable regulars and customers aThJ we are al￿dyS considering
ways that we can support these individuals. We are grateful to have a building with such excellent
reSoUr￿S including showers and laundry facilities so we are mindful that we want to think oreativety
about some of the ways VE can generously support our most vulnerable customers in line with our
values whilst also maintaining boundaries for OUT team. One addition we are glad to have
implemented this year is our 'Pay It Forward. Wall where oustomers can purchase either a round of
toast or a drink for £2.50 vthi¢h can then be claimed by a customer who cany afford one themselves.
We have hosted many volunteers over the last year from different walks of life. These people have
contributed greatly to the functioning and values of the Beehive and we hope that it has been a life-
affirming experien￿ for them as ￿￿11. During the year lead a team of volunteers from BGMC and
from the flats and houses adjacent to BGMC to help manage and cuttivate Paradise Gardens (a local
parkl which the cafélchur¢h has an entrance onto. This inVo￿eS planting, pruning, weeding and litter
picking and 15 a sociable enwronment to make new friends *thi1st making a difference to the local
space.
Face to Face Therapeutic Mentoring
The relationship between BGMC and the school has continued to strengthen. BGMC has 2 SeNice
Level Agreements {SLAs) with the school to provKle Therapeutic Mentoring with boys in Years 7-11s.
This offers 8 sessions per week which are triaged to offer weekty. twolthree weekly or fixed-term
pla￿5. The second SLA provides a Counsellor to support students in the Sixlh Form with Integrative
Counselling and Coaching for up to 8 students. Additional work has taken place outside the 8 places
offered. The workers have relocated in school to a designated WElkbeing area. comprising two
log cabins and a counselling room. They work with a Courksellor from Place to Be, a national youth
mental health organisation.
Page 5

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company limited by guarnntee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and activities (continued)
The Feast
BGMC has continued to be a signfficant partner organisation to The Feast Youth Project Tower
Hamlets in providing office space, support of the Hub Manager and volunteers and other in-kind
support through the involvement of two of its church leaders. The Youth Worker was seconded for
7.5 hours per week to support the Hub Manager. The project aims to Work in the interfaith youth
space to strengthen communty cohesion tel￿Pen young people from diverse faith communities.
Highlights have comprised the following:
Leading lessons with the Year 9 cohort of 180 students on Developing Identty and Wellbeing.
Hosting Faith Walks vlith students from Bobby Moore Academy and Waterside Academy.
Leading Youth Encounters throughout the year.
Running a Youth Residential in July which young people from the church attended.
Organising an Interfaith Heritage Walk.
Organising a Communty fftar during Ramadan.
Partnering wth GrowTH Night Shelter for young people to support wtth set up, provide
hospitality and be invo]ved in Youth Encounters.
Oak London
Over the last year. the Oak London programme has proved its effectiveness and sustainabilty and
has strengthened wtth regard to its content and appeal. We have added new workshops based
around trauma, mental health. and drugs and alcohol v4hich have been made possible by a widenin9
community of volunteer experts.
The most notable piece of progress in the last year has been the relationship we have created with
Tower Hamlets coun￿1 including the probation team and communty mental health team. Two-thirds
of the referrals for our last programme carr£ through these channels. This has given us Ihe
opportunity to work with a growing number of young men coming out of prison, or at risk of offending.
Once again. these young men have thrived during the retreat at Trinity Col*e, continuing to show
the amazing impact of individuals having the opportunity to spend time within a posiiNe communty.
Finances
In order to increase the delivery of our communty projects, events aThJ actNities in the church
building, BGMC has drawn upon some of its reseNes in 2023. The increase in gas and electricity and
some extra building costs have added to this situation. However, through the generosity of its
members and a diverse range of income, BGMC has been able to sustain its level of financial and
holistic support for a range of projects and people. We have benerrted from several grants for our
work. particular￿ in the Oak London project and youth work. We are very grateful for the support from
the following trusts and charities:
The Jack Petchey Fund
NHS NEL Social Prescribing Fund
Pemberton Bames Trust
Queen Adelaide Charity
Sir Halley Stewart Trust
Page 6

ANNIE MACPHERSON HOME OF INDUSTRY ONCORPORATEO) OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
(A company Ilmlted by guardnlee)
TRUSTEES, REPORT ICONTINUEO)
FOR THE YEAR ENDED 310ECEMBER 2023
Achievements and rfonnance
a. FurKlraising Policy
We do not employ a professTonal fundraiser and all fundraising done through nomial actNities of
slaff and volunteers. Fundraising is predominantly from memter giving, and this is monitored
regularSy.
No complaints ￿Ere received about the churchs furnyraising actr¥ities. We have fully complied with
GDPR regulations. This will prevent unreasonable intrusion on a person's privacy.
b. Investment policy
Subject to the oVe￿iding provisions of the Trustees, Acts. the charity has the power to make any
investments which the Trustees see fft.
Financial review
. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable fvture. For this reason,
they continue to adopt the going concem basis in preparing the financial statements. Further detsils
regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserwes policy
It is the policy to maintain unrestricted funds. which are the free reserves of the chaiity. at a level that
takes into consideration our re￿nt possession of a new building and the running costs that are
evofving as a result of the paTrJemic. It also takes into account the future expenditure that will
needed as BGMC oversees the running of the Beehive Cafe. creates new projects and for the
possibilty of the church purchasing a local residential property for the purposes of our charitable and
missional purposes. The Trustees consider that the current level of reserves is in accordan* with
their aspirations and the ievel required in future yearswill be assessed as new projects are introduced
in response to local need.
c. Risk Management
The Trustees have examined the major strategic. busines5 and operational risks which the church
faces and confirm that systems have been established to monitor those fisks so that the necessary
steps can be taken to lessen them.
Page 7

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company limited by guarnntee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
d. Financial Results
During the year Charity had total ir)come of £2￿,733 (2022.. £273.558}. made up of restricted income
of £28,187 (2022: £23,379) unrestricted incorne of £208.546 {2022'. £250,179}. The main drtver
for the de¢rease in income was the inclusion of a more sizeable chunk of interest on a loan in the
previous years.
Expendiiure durirvJ the year arnounted to £334,960 (2022: £277.188). made up of restricted
expenditure of £48,443 (2022.. £38,300) and unrestricted expenditure of £286.517 (2022.. £238,888>.
The overall increase is largety due to increased restrided funts spendirKJ and a general increase in
costs across most areas of the church. The trustees ￿nSider this as a positive development. as rt is
reflective of the increased actsvity wittiii Ihe chwch. arnj particularty its rEvRr projects. such as Oak
London.
This resulted in a net deficit of £97.964 (2022: £4.415). represented try a deficrt of £20.256 (2022:
£14,921) on Testricted funds and a deficit of £77.708 {2022: surplus of £10,5C6) on unrestricted
funds. Due to sufficient IKIUKI funds, mainty in the fomi of cash. the trustees do not consKler thi8 to
be a problem.
The results detailed abtrrfe show the charws performan￿ after taking irto account total (equallfftg
unrestricted) losses on investffEnts of £538 (2(Y22: £785).
Total fuThJs at the year end amounted to £1.214.234 (2022: £1,312.198), rewesented ty restricted
funds of £631.287 (2022: £651.542) aThJ unrestricled funds of £582.947 (2022: £660,656).
Structure
0Veman￿ and man
emeThl
a. Constftution
Annie Ma¢pherson Home of Industry (In¢ory)orated) 0￿rating As Bethnal Green Mission Church is
registered as a charitable cornpany h'mrted by guaiantee aTrJ vras set up by a Memorandum and
Artides of Association.
b. MethLKls of appointment or election of Trustees
The management ol the charity is the responsibihty of the Trustees are elected arKI ¢o-OPted
under the terms of the Trust deed.
c. Organisational structure and decision4nakirvJ policies
The decisions telatirKJ to the charFtable company are made by the Directors. who are aL80 the
Trustees of the charity, together fomi a church leadership team which includes the Church
Minister and Youth Worker. The Directors are elected in the Annual General Meeting of which not
less than ten days clear notice has ￿en gNen. The leadership team meet at least quarterly to receive
reports from staff. voluntsers and other workers and to teview activities. operating policies and
financial progress.
Page 8

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATEDI OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A ¢ompany Ilmlted by guardnteel
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, goverTran￿ and management (continued)
d. Pay policy for key management personnel
The salaries of senior management are miewed annually. Salary ￿velS are benchmarked using
comparatives for similar organisations.
Small companies note
In preparing this report, the directots have taken advantage of the small companies exemptions
provided by section 415A of the Companies Act 20C6.
Statement of Trustees. responsibilrties
The Trustees (who are also the directors of the charity for the purposes of company law) are
responsible for preparing the Trustees, report and the financial statements in accordance wtth
applicable law and Unf(ed KirvJdom Accounting StsrKJards (United Kingdom Generally Accepted
Accounting Practi￿).
Cornpany law requires the Trustees to prepare financial statements for each financial Under
company law, the Trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charity and of its incoming reSoUr￿S and
application of resources. including its income and expenditure. for that period. In preparing these
financial statements, the Trustees are required to:
select suitable accounting polic￿$ and then ap￿ them consistenuy;
observe the methods and principles of the Charilies SORP (FRS 102):
make judgments and accounting estimates that are reasonable and pTh￿ent.
state Ythether applicable UK Accounting Standards (FRS 102) have been followed, subject to
any material departures disclosed and explained in the finan¢ial statements-
prepare the financial statements on the going con￿r￿ basis unless it is inappropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charty's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enabk them to ensure that the financial statements Comp￿ with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonabte steps for the prevention and detection of fraud and other irregularities.
Approved by ord r of the members of the board of Trustees and sTrgned on their tehalf by:
PHar
les$
Trusteel Director
Date:
21t
Page 9

ANNIE MACPHERSON HOME OF INDUSTRY (INcoRF￿RATEDj OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company Ilmlted by guardntee
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examinerfs Report to the Trustees of Annie Macpherson Home of Industry
(Incorporated) Operating As Bethnal Green Mission Church ('the charity)
I report to the charity Twstees on my examination of the accounts of the charity for the year ended 31
December 2023.
Responsibilities and Basis of Report
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that tl* accounts of the charty are not required to be audited urvjer Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In
carrying oui my examination I have fo15owed the Directions given by the Charty Commission under
section 145(5)(b) of the 2011 Act.
Independent Examinerfs Statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting reCo￿S were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the accounts do not accord with those records: or
the accounts do not comply wrth the accounting requirements of section 396 of the 2006 Act
other than any requirement that the a￿OUnts give a Ifue and fairf view which is not a matter
considered as part of an independent examination" or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommetyled Pradice for accounting arKI reporting by charities [applicable to
charities preparing their accounts in accordance Nmth the Financial Reporting Slandard
applicable in the UK and Republic of Irelatul (FRS 102)].
I have no con￿M$ and have come across no other matters in connection with the examination to
which attention shoukl be drawn in this report in order to enab￿ a proper understsrKling of the
accounts to be reached.
Page 10

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
This report is made solely to the chanty's Trustees, as a b(xJy, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulatiorts 2(K)8. My work has been undertaken so that I might
state to the charity's Trustees those Matte￿ l am required to state to them in an Independent
examine¢s report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibilty to anyone other than the Gharity and the charrty's Trustees as a b&ly. for my
work or for this report.
Signed..
Jeremy Tyrrell FCA
RPG Crouch Chapman LLP
Chartered Accountants and Registered Auditors
40 Gracechurch Street
London
EC3V OBT
Page11

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERAMNG AS BETHNAL GREEN
MISSION CHURCH
IA company limited by guarnntee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and kgacies
Investments
28.187
143.516
65.030
171.703
65,030
173,810
99.748
Total income
28.187
208,546
236.733
273,558
Expenditure on:
Charitable activities
48,443
286.517
334,960
277,188
Total expenditure
48.443
286.517
334,960
277.188
Net expenditure before not
galnslllossesl on Investrnents
Net gainsl(losses) on investments
(20,256)
(77.971)
263
{98,227)
263
(3,630)
{785)
Net rnovemgnt In funds
(20.256)
{77.708)
{97,W)
(4.415)
Reconclllatlon of funds:
Total funds brought forward
Net movement in funds
651,543
{20,256)
660,655
(77,708)
1,312,198
(97.W)
1.316.613
(4.415)
Totsl funds carrled for*ra
631.287
582.947
1,214,234
1.312.198
The Ststement of Financial Aciivslies indudes all gains and losses recognised in the year.
The notes on pages 15 to 33 fomi part of these financial statements.
P8ge 12

ANNIE PAACPHERSON HOME OF INDUSTRY ONCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company Ilmited by guardrttee)
REGISTERED NUMBER: 108687
BALANCE SHEEr
AS AT 31 DECEMBER 2023
2023
2022
Note
Flxed assets
Tangible assets
Investments
12
3.525.700
50.394
3.569.723
50,131
13
3,576,094
3.619,854
Currgnt assets
Debtors
Cash at bank and in haTh
14
778,052
150,225
858,110
135,394
28.277
993,504
Creditors." amounts falliThJ due within
one year
1S
(94,699)
(74.935)
Net Current assets
833.578
918.569
Total assets less current Ilabllltles
4.409.672
4.538,423
Creditors.. amounts falling due after
more than one year
16
(3.195.438)
(3.226,225)
1.312,198
Net assets 8xcludlng pèn$k>n asset
1.214,234
Total net assets
1.214.234
1,312.198
Charty funds
Restricted funds
Unrestricted fvnds
18
631.287
582.947
651.543
660,655
18
Total funds
1.214,234
1,312,198
Page 13

ANNIE MACPHERSOM HOME OF INDUSTRY (INCORPOIIATED) OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
(A company Ilmlted by guarnntee)
BALANCE SHEEf {CONTINUED)
AS AT 31 DECEMBER 2023
The charty was enliued to exemption fmm a￿Irt under secAion 477 of the Companies Act 20(￿.
The members have not required the company to obtain an a￿111 for the year in question in
accordan￿ V￿th sectton 476 of Coffpanies Act 2￿￿.
The Trustees acknovAedge their responsibilrties for comtAying with the requirements of the Act with
respect to accounb'ng records and preparation of financial statements.
The financial statements have been prepared in accordance vath the pr￿lis1onS applicable to entities
subject to the small companies regime.
TIE finanoal statements were apwoved aThJ authorised for issue by the Trustees and signed on their
tehaff by..
madett• Cunnlng
reasurerl Di
Date:
The notes on pages 15 to 33 fcth part of these financial statements.
Page 14

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATEDI OPERATING AS BEfHNAL GREEN
MISSION CHURCH
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General information
Annie Macpherson Home of Ir)dustry (Incorporated) is a private company limited by guarantee
inGorporated and registered in England and Wales. company number 00108687. Its registered
office address is 305 Cambridge Heath Road. London E3 9LH.
The tnjstees explicitty and unreservedty confirm the ¢harity's Complian￿ with FRS102.
The principal activtty of the company continued to be that of promoting welfare and education in
a religious context.
Accounting policies
2.1 Basis of
re
aration of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS
102) Accounting and Reporting by Charities: Stalement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January
2019). the Financial Reporting Standard applicab￿ in the UK Republic of Ireland (FRS
102) and the Companies Act 2006.
Annie Macpherson Horne of lrnlustry (Incorporated) Operating As Bethnal Green Mission
Church meets the definition of a public benefit entty under FRS 102. Assets and liabiltties
are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
2.2 Com
n status
The company is a charity and is limited by guarantee. The members of the company are
the Trustees named on page 1. In the event of the company being wound up, the liability
of members is limited to £1.
These financial statements have been prepared in GBP and all amounts are rounded to the
nearest £.
2.3 Goin
con￿rn
The Trustees consider that there are no material uncertainties about the charty's ability to
continue as a going concern for the foreseeable future. this being at least 12 months from
the date on which the balance sheet was sKJned.
Page 15

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA Company Ilmited by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting tK)licies (continued)
2.4 Income
All income is recognised once the ¢harty has entrtlement to the income. it is probable that
the income VI￿11 be received and the amount of income re￿￿¥able can be measured reliabty.
The recognition of income from kgacies is deperKlent on establishing entrtlement, th8
probability of receipt and the abilty to estimate with sufficient accuracy the amount
re￿1Vable. Evidence of entitlement to a legacy exists when the charty has sufficient
evidence that a gtft has been left to them (through knowledge of the existence of a valid will
and the death of the benefactor) and the exeGutor is satisfth that the property in question
will not ￿ required to satisfy claims in the estate. Receipt of a legacy must be recognised
en it is probable that it will be re￿IVed and the fair value of the amount receivable, which
will generalty be the exrEcted cash amount to be distributed to the charity. can b& reliab
measured.
Rental incoffE is accounted for n the peri￿ in which it falls due.
Income tax recoverable in relation to donations recerrfed under Gift Aid or deeds of
covenant is recognised at the tinE of the donation.
Income tax rec￿eTable in relation to investment income is recognised at the time the
investment income is receivable.
Other income is recognksed in the period in thich it is r￿S¥able and to Ihe extent the
gotsjs have been pyovided or on completion of the service.
2.5 Ex
nditure
Expenditure is recognised On￿ there ts a legal or constructNe obligation to transfer
economic benefrt to a third party. it is probable that a transfer of economic tenefits will be
required in settlement and the amount of the obligation can be measured reliabty.
Expenditure is classifEd ty activty. The costs of each actNty are made up of the total of
direct costs and shared costs. In¢l￿￿1ng support costs inVo￿ed in undertaking each activty.
Direct costs attributable to a single activty are allocated directty to that actNty. Shared
costs which contribute to more than one activty and support Costs which are not
attributable to a single activty are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time
spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activiknes is Thicurred on directty undertakirKJ the actNities which
fijrther the charty's objectives. as as any associated support costs.
Grants payable are charged in the year %then the offer is made except in those cases
where the offer is conditional. such grants being recognised as expenditure ￿en the
conditions attaching are fulfilled. Grants offered subject to conditions which have not teen
met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure incluSNe of irrecoverable VAT.
Page 16

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company Ilmlted by guarnnlee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2.6A
rtionment of wsts betb%een activities
All costs are apportioned betb%Een activilies based on actual costs incurred.
2.7 Interest receivab
Inte￿st on funds held on deposit is included when receivable and the amount can tse
measured reliably by the charity- this is nomally upon notification of the interest paid or
payable by the institution with 4thom the funds are deposited.
2.8 Tan
ible r￿ed assets de
reciation
Tangible fixed assets costing £1.000 or more are capitalised and re¢ognised when fLrture
economic benefits are probable and the cost or value of the asset Can be measured
reliably.
Tangible fixed assets are initially recogni8ed at cost. After recognilion. under the ¢ost
mi)del, tangible fixed assets are measured at cost less accumulated depreciation and any
accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its
intsnded y￿rkIng Condition should te included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tarvJible fixed assets less their residual
value over their estimated useful lives. .
Depreciation is provNJed on the followirwJ bases:
Freehold propety
Long-term leasehok
property
Fixtures and ffttings
Computer equipment
- 2% straight line method
125 years
- 40% reducing balan￿ method
3 years straight line method
2.9 Investments
Fixed asset investments are a form of financkgl instrument and are initialty recognised at
their transadion ¢ost and subsequentty measured at fair value at the Balance sheet date.
unless the value cannot be measured reliabty in which case it is measured at cost less
impairment. Investment gains and losses. whether realised or unrealised, are combined
and presented as'Gainsl(Losses) on investments. in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impalm￿nt.
Investments held as fixed assets are shown at cost less provision for impairment.
2.1 ODebtors
Trade and other debtors are recognised at the setuement amount after any trade discount
offered. Prepayments are valued at the afflount prepaid net of any trade discounts due.
Page 17

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company limited by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2.11 Liabilities and
rovisions
Lrabiliknes are recognised when there is an obligation at the Balan￿ sheet date as a result
of a past event. it is probable that a transfer of economic benefit will be required in
settlement, arKI the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charty anticipates it will pay to settle the
debt or the amount it has ￿ceiVed as advanwl payments for the goods or sep4iGes it must
provide.
Provisions are rneasU￿ at Ihe best estimate of the amounts required to settle the
obligation. Vlhere the effect of the time value of money is material, the provision is based
on the present value of those amounts. discounted at the pre-tax discount rate that reflects
the risks specffic lo the liabilty. The unwinding of the discount is reGognised in the
Statement of financial activbties as a finance cost.
2.12Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualfy as basic
financial instruments. Basic financial instruments are initially recogntsed at transaction
value and subsequently rrEasured at their settlement value with the exception of bank
loans V•hich are subsequently measured at amortised cost using the effective interest
meth(NJ.
2.13Headleases
The grant of the headlease is credited to the SOFA over the peric¥J of the headlease.
2.14Pensions
The charity operates a defined contribution pension scheme and the pension charge
represents the amounts payable by the charty to the fund in respect of the year.
2.15Fund accounti
General funds are unrestricted funds vthich are available for use at the discretion of the
Trustees in furtherance of the general obpctives of the charity and which have not been
designated for other purposes.
Designated funds C￿￿prIse unrestricted funds that have tEen set aside by the Trustees for
particular purposes. The aim use of each designated fund is set out in the notes to the
financial statements.
Restricted funds are funds vh)ith are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. The
costs of raising and administeriThJ such funds are charged against the specific fund. The
aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page 18

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATEDI OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies {continued)
2.16Cash Ftow Statement
The financial statements do not indude a cash flow statement because the charty, as
small reporting entty. is exempt from the requirement to prepare such a statement under
the Charities SORP (FRS 102).
2.17Consolidation
The company is exempt under S. 398 of the Companies Act 20(￿ arrtj uThler S. 139 of the
Charities Act from the Tequirement to prepare consolidated financial statements as it and
ils substdiary fom a small group. The accounts therefore present infomiation about the
company as an indNKlual undertaking and not about its group.
Critical accounting estimates and areas ofju(*Jment
Estimates and judgments are continualty evaluated arwj are based on historical experien￿ and
other factors, incI￿￿1Th3 expectations of future events that are believed to be reasonable under
the Circumstan￿$.
Critical accounting estimates and assumpts"ons:
The charity makes estimates and assumptions Con￿MIng the fuiure. The iesutting accounting
estimates and assumptions will. definrtion, seldom equal the related actual resulis. The
estimates arvj assumptions that have a signfficant risk of causing a material adjustment to the
carying amounts ol assets and liabilrties within the next f￿ancIal year are discussed below.
Critical areas of judgment:
Depreciation
Depreciation is based on the estim*ed useful Ibfe of the assets beirvJ depreciated, and. in the
case of the leasehohj propety. the length of the lease. The useful lives of the assets are based
on experien￿ and Industry-specif￿ benchmarks.
Accruals
Accruals are estimates based on eXp￿￿nCe or invol￿S TeceNed after the year end.
Recharge of costs to the subsidiary
Costs are recharged based on a percentage vthich refiects the estimated use of the resources
by the subsidiary.
Page 19

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A ¢¢ynpany limited by guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donations and kgaues
Restricted
funds
2023
restricted
funds
2023
Total
funds
2023
Donations
Legaaes
Grants
Similar incoming resour¢es
16,402
91.012
255
49,610
2,639
107.414
255
61.395
2,639
11,785
28.187
143,516
171,703
Un-
Restricted restricted
funds
funds
2022
2022
Total
funds
2022
Donations
Legacies
Grants
Similar incoming resources
2,980
97.133
7,599
45,500
199
1rJ).113
7,599
65,899
199
20,399
23.379
150.431
173,810
Page 20

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A c¢>mpany limlted by guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2023
Inveslrnent incorr
restricted
funds
2023
Total
funds
2023
Rental income from church properties
Dividends and interest received
64,875
155
64,875
155
65,030
65,030
restricted
funds
2022
Total
funds
2022
Rentsl income from church properties
Dividends and interest re￿iVed
63,150
36,598
63,150
36.598
99,748
99.748
Analysis of grants
Grants to
Grants to
Institutions Indivhjua
2023
2023
Total
funds
2023
Grants
1.600
14,808
16,408
Grants to
Grants to
Institulions Indivhyuals
2022
2022
Total
funds
2022
Grants
2,100
1,780
3,880
Page 21

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company limlted by guarnntse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysts of eXpEndItu￿ on Charilab￿ activities
Summa
fund
Restricted
funds
2023
restricted
funds
2023
Total
2023
Direct costs
48.443
286.517
334,960
Restricted restricted
funds
funds
2022
2022
Total
2022
Direct costs
238.888
277.188
Analysis of extEnditure by aclNities
Adivities
Grant
undertaken furmjing of
directty
actNrties
2023
2023
Total
funds
2023
Direct costs
318,552
16,408
334.960
Adi¥iti2s
undertaken
direclty
2022
Granl
fuThJing of
activities
Total
funds
2022
2022
Direct costs
273.308
3,880
277,188
Page 22

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
(A company limlted by guarnnte•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2023
Anatysis of expeThJiture by actNilies (continued)
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Staff costs
Depreciation
Advertising & Marketing
Legal & Professional
Bank & finance costs
Service Charges & Counc41 Tax
Cleaning
Equipment & Materials
Consulting
other Expenditure
Printing. Postsge & Ststionery
Insurance
Utiltbes
Event's & Artivities
Repairs & Maintenance
Professional Development
staff supervision
Subsuiptions
Telephone & Intemet
Food & Refreshments
Travel
118.701
45.143
114,115
45,294
5.785
20,585
27,549
1,385
4.583
1.287
507
9,319
14,592
24.565
565
1.632
1.010
926
1,083
13.436
12,869
19,501
1.238
27,494
15.893
29.285
2.031
1.950
1,841
3.945
3,848
4,718
1.520
1.391
4.578
2,732
4,144
318,552
273,308
Independent examinevs remuneration
The independent examirE¢s remuneration j2022: auditors remumeration) amounts to an
independent examiner fee of £1,660 r2022 - £5,485), and accountsncy Sery1￿$ of £2,612
(2022- £2,500).
Page 23

ANNIE MACPHERSON HOME OF INDIJSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company Ilmlted by guarantso)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution to defined ¢ontribuiion pension schemes
110.863
4.466
3.372
107,016
3.921
3.178
118,701
114,115
The average number of persons empw ty the charity during the year was as follows:
2023
2022
No.
Trustees
Church Running
Special Projects
No employee teceived remuneration amounting lo mre than £60.0(YJ in either year.
Key management comwises the Church Minister. Total key management remuneration for the
year amounted to £31,608 (2022: £31.352).
In add5tion to wages and salaries as disdosed abtr￿. the church incurred and recharged costs
of £131.012 (2022.. £98,540) for an average of 12 (2(Y22: 8) staff members working at the
BeehNe. the chartys subisdiary, as disdosed in note 18.
11. Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other L*neffts {2022 - £NIL).
During the year ervjed 31 De¢ember 2023. no Trustee expenses have been incurred (2022 - £
NIL).
Page 24

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company Ilmlied by guarantse
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Tangible fixed assets
Long.term
leasehobj Fixtures and Computer
property
fthings equiprrEnt
Freehold
propety
Total
Cost or valuation
At 1 January 2023
Additions
1.053.310 2.713.455
56.671
3.823.436
1,119
1.119
At 31 Decemter 2023
1,053.310 2.713.455
56.671
1,119 3,824,555
reciation
At 1 January 2023
Charge for thè year
105.330
21.1
102.266
21.726
46.117
2.070
253.713
45.142
280
At 31 December 2023
126.396
123.992
48.187
280
298.855
Net book value
At 31 De￿rnber 2023
926.914 2.589.463
839 3,525.700
Al 31 De￿rnber 2022
947,980 2,611,189
10.554
3.569.723
The freehold land and buildings bro￿h1 forward consisted of a property at 67 Ellesmere Road.
The leasehold land arKJ buikliws broughl foTh¥ard comprise a flat at 10 Multery House in
Bethnal Green. which was tequeathed to the charity M 1 January 1988 with 120 years of its
lease remaining. In 1991. the property was revalued and a provi8ion of £35,000 vms made
against the original gifted vatue of £80,000. A cost ffigure of £45.000 is shown as the cost
value applicable. The propErty has not been subpct to any fijrther revaluations Sin￿ it is the
long term intention of the Trustees to use the leasehobj propety for charitable purposes. In
2018 lease was extended at a cost of £9.383 and ks disclosed urmjer leasehold additK+ns.
Leasehold land and I￿¢￿J1r￿S also irtlude the church building at 305 Cambrrdge Heath Road
at an original cost of 2.659.072 in 2018. The woperty is depreciated over the lrfe of the lease,
which is 125 years commencirvJ in 2018.
Page 25

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company Ilmlted by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Fixed asset investments
Investments
other fixed
in subsidiary
Unlisted
asset
companies investments investments
Total
Cost or valuation
At 1 January 2023
Revaluations
820
{28)
49,310
291
50.131
263
At 31 December 2023
792
49,601
50,394
Net book value
At 31 De￿mber 2023
792
49.601
50,394
At 31 De￿mber 2022
820
49,310
50,131
Unlisted investments at market value comprise the charity's COIF Charities Investment Fund.
All the fixed asset investments are held in the UK.
Other fixed asset investments include a c(kinvestment in a property alongside Bethany
Lambert, who became a trustee on 15 February 2024. This investment entitles the charity to a
9.33°1o Stake in the property. The investment has been facilitated by an original loan to the
trustee of £40.000. This loan is repayable on or tefore 16 NovemtEr 2032 and has been made
at an annual interest Tate of 2Yo.
14. Debtors
2023
2022
Due within one
Amounts owed by group uTrJertakings
Oiher debtors
Prepayments and accrued income
ear
415,683
362,121
248
417,800
438.498
1,812
778.052
858,110
Included in other debtors within one year is a loan of £360.671 (2022.. £421.898) made in
connection wilh the redevelopffEnt. The loan carries interest at 5% per annum and is now
repayable on demand.
Amounts Ov￿￿ by group undertakings are interest free and repayable on demand.
Page 26

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BEfHNAL GREEN
MSSSION CHURCH
IA company limited by guaAntse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Creditors: Amounts falling due within one year
2023
2022
Mortgage
Other loans
Other credttOTS
Accruals and deferred income
6.814
24,270
56,344
7,271
6.886
24,270
35,794
7,985
94,699
74,935
16. Creditors: Amounts falliThJ due after more than one year
2023
2022
Mortgage
Other creditors
331,564
338,081
2,863,874 2,888,144
3.195.438 3,226,225
The aggregate amount of liabilities payable or repayab￿ wholW or in part more than five years
after the reporting date is=
2023
2022
Payable or repayable by instalments
Payable or repayable other than by instalments
299,714
306,304
2,742,524 2,766.794
3,042.238 3,073.098
The mortgage is repayable within 30 years commencing on 1 December 2016 years and is
secured against the freehold property. The interest rate on the mortg4e was. on average,
5.96% in the year to 31 De￿rnber 2023.
Other creditors represent the grant of the headlease for the property at 305 Cambridge Heath
Road to the Thornsett Estates over the period of 125 years.
Page 27

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company Ilmlted by guarants¢)
NOTES TO THE RNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Financial instruments
2023
2022
Financial assets
Financial assets measured at fair Val￿ through income arvj
expenditure
50,394
50,131
Financial assets measured at am0￿sed cost represent the charivs r￿ed asset investment.
Page 28

ANNIE MACPHERSON HOME OF INDUSTRY {INCORPORATED) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company limlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Statement of fvnds
statement of funds - current year
Balance at
31
Gainsl December
(Losses)
2023
Balan￿ at 1
January
2023
In¢ome Expenditure
Unrestricted
Desi
nated funds
Buihjing Repairs
Charitable Purposes
Continuation
127.240
127,240
145.0(M)
145,000
272.240
272,240
General fijnds
General Funds
388.415
208.546
(286,517)
263
310,707
Total Unrestricted funds
660.655
208.546
(286.517)
263
582,947
Restricted funds
Redevelop-ment FurKI
67 Ellesmere Road
Oak London
Jack Petchey Foundation
Special Offerings
58,403
572.980
17,871
1.172
1.117
58,403
551,914
13,037
2,573
5,360
(21.066)
(18.573)
(384)
(8,420)
13.739
1.785
12,663
651.543
28,187
{48.443)
631,287
Total of funds
1.312.198
236,733 (334,960)
263 1.214,234
Page 29

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATEO) OPERATING AS BETHNAL GREEN
MISSION CHURCH
(A company limlted by guarnntse}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. StstenEnt of fuThJs {continued)
The Redevelopment Fund represents restricted funds for the redevelopment of the church
building.
67 Ellesmere Road represents the restricted element of the freehold land and buildings of
proFerty located at 67 Ellesmere Road, London.
Oak London represents a project which seeks to equip young men aged 18 and above at risk
of offending vAth the means to change direction of their lives through the provision of a
residential course and mentoring programme. The transfer out of Oak London does not
represent a funds transfer as such. but is a correction of a misallocation of restricted
expendf(ure in 2021. vthere £3.600 ¥*re erroneous￿ allocated to general fvnds.
The Jack Petchey Foundation is a proie¢A to pr(y4ide opportunities to young people across
London.
The special offerirvjs fund represents collecitons made for indr¥DJual, usualty small. purposes.
Page 30

ANNIE MACPHERSON HOME OF INDUSTRY (INCORPORATED) OPERATING AS BEThNAL GREEN
MISSION CHURCH
IA company limlted by guarnntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Statement of fijnds (continued)
Statement of fijnds - prior year
Balan￿ at
31
Gainsl December
(Losses)
2022
Balance at
1 January
2022
Transfers
inloui
Income Exkxnditure
Unrestricted
Des nated
Building
Repairs
Chatitable
Purposes
Continuation
127.240
127,240
145.(KlO
145,000
272,240
272,240
General funds
Genera5 Funds
374,310
250.179
(238,889)
3.600
(785)
388,415
Total
646,550
250.179
(238,889)
3,600
(785)
660,655
Restricted
Redevelo
ment Fund
67 Ellesmere
Road
Oak London
Jack Pelchey
Foundation
Special
Offerings
58.403
58.403
594,046
16,814
(21.066)
(16,524)
572,980
17,870
21,180
(3,600)
1.399
(22n
1,172
800
81)0
(482)
1,118
670.063
23,379
{38,299)
{3,600)
651,543
Total of funds
1,316,613
273.558
(277,188)
(785) 1,312,198
Page 31

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATEDI OPERATING AS BETHNAL GREEN
MISSION CHURCH
IA company Ilmited by guarnntse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Anatysis of net assets between funds
Analysis of net assets between funds- current year
Restricted
funds
2023
restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
credito￿ due in more than one year
551.913 2,973,787 3.525,700
50.394
50.394
79.919
848,358
928,277
(545) {94,154) {94,699)
(3,195,438) {3.195.438)
Total
631,287
582,947 1,214,234
Analysis of net assets belween funds - prior yeaT
Endowment Restricted
fiJnd5
funds
2022
2022
restricted
funds
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Debtors due after more than one year
Current assets
Creditors due v￿thin one year
Creditors due in more than one year
572,980 2,996,743 3,569,723
10,035
50,131
40,096
914,941
993,504
{74,935) (74,935)
{3,226,225) (3,226,225)
40.096
(40,096)
78,563
Total
651,543
660,655 1,312,198
20. Related party transactions
In addition to the matters highlighted in note 13. the church was owed £415.683 at 31
December 2023 (2022.. £417,800) by its subsidiary, BGMC Trading Ltd. Expenditure of £6,449
(2022- £5,276) was recharged to BGMC Trading Ltd for the common use of resources. Salary
costs of £132.433 (2022.. £98.540) were incurred by the church and passed on to the
subsidiary via its intercompany loan.
Total donations made by tnjstees amounted to £24,300 (2022.. £24,340).
Page 32

ANNIE MACPHERSON HOME OF INDUSTRY IINCORPORATED) OPERATING AS 8ETHNAL GREEN
MISSION CHURCH
IA ¢¢)mpany Ilmlted by guarnnlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Principal subsidiaries
The following was a sUbS￿￿l8ry undertaking of the charty:
Name
Company
number
Registered offlce or prlnclpal Prlnelpal actlvlty
place of buslness
BGMC Trading Limited
10441684 305 Cambridge Heath Road. Operation of a cafe
London. E2 9LH
Class of
shares
Holdlng
Ordinary
Shares
100%
The financial resutts of the subsidiary for the year vRre:
Name
Profftl(Loss)
Expenses for the year
Income
Net assets
8GMC Trading Limtled
218.333
(228.712)
(10.379)
(55,410)
P8ge 33