## **The Pilgrim Church Charitable Trust** **Charity No. 1072048** **Trustees' Report and Unaudited Accounts** **30 September 2023** **The Pilgrim Church Charitable Trust Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8 to 8| |Notes to the Accounts|9 to 15| |Detailed Statement of Financial Activities|16 to 17| Page 1 **The Pilgrim Church Charitable Trust Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2023. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1072048** ## **Principal Office** Queens Walk Meadows Nottingham NG2 2DF ## **Trustees** The following trustees served during the year: P. Belinfante C.D. Foster M.A. Stewart ## **Accountants** Gill & French Gothic House Barker Gate Nottingham NG1 1JU ## **OBJECTIVES AND ACTIVITIES** The purpose of the charity as set out in its governing document is to advance the Christian religion through all its activities ; including the facilities offered to the community by its buildings and the weekly services provided by its ministers and volunteers. As a Christian group we promote the Christian message of equality, inclusion, love and fairness and this is the ethos of all operations. The Church Council is aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church. The Church Council describes its public benefits as: - providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers. - promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole. The Pilgrim Church has two main sites based in inner city Nottingham and inner city Birmingham. The head office is at the registered address in Nottingham. The Church Office is normally open Tuesday to Thursday 10.00am to 5.00pm and Ministers are on call as required for the benefit of the congregation and the wider community. Page 2 **The Pilgrim Church Charitable Trust Trustees Annual Report** ## **ACHIEVEMENTS AND PERFORMANCE** Throughout 2023 the Pilgrim Church celebrated its 60th Anniversary which was marked by a number of special events. Recognition was given to the work of Reverend Canon Christian Weaver CBE and his late wife Daisy Weaver taking the church from its humble beginnings meeting in living rooms, school halls and rented facilities to eventual purchase of the Church building in Queen’s Walk. 2023 also saw the 75th Windrush Anniversary year with the church leading the organisation of Nottingham’s celebration events. Positive steps forward were taken to build on the scope and impact of service to God, members and wider community. Amongst the key achievements of the Pilgrim Church are: • 60 years ministering to the City of Nottingham and the across the UK. • National recognition of the excellent work carried out by Rev. Clive Foster MBE in support of the Windrush community, namely bestowal of the MBE in King Charles III’s first New Year’s honours list. This was particularly poignant in the Windrush 75th Anniversary year. • Regular Christian worship services in various forms addressing the spiritual needs of our members and local community. • Ministries for children and young people including the annual Youth residential that provides inner-city children and young people with the opportunity to experience the beautiful Devonshire countryside. • The Men’s mental health workshops held in collaboration with the Men’s department, the Social Action team and funders; which considered issues of stigma and communication around mental health. • Women’s Community events fostering community cohesion. • Evangelistic outreach to the local community and across the city. The Pilgrim Church vision teams, comprised of church members and members of the community, continue to progress the task of implementing change initiatives in line with the vision of the church. A governance framework is in place which includes measuring performance, monitoring, feedback and progress against stated objectives. Reverend Andrew Miller provides financial oversight for the church and administrative leadership. The church also employs an administrative assistant who organises the church office, manages events and provides a vital link to the wider community. Our Sunday worship services, pastoral care and social action initiatives have continued throughout this reporting period. The church has maintained its online footprint. The pastoral team kept in regular contact with the entire congregation as well as people from the wider community. Pastoral counselling provided by the ministers of the church and our person-centred counselling service continues to be in demand by members of the local community. Weddings, infant dedications and funerals continue to be conducted within the facility of the church building. The Church’s ministry to young people continues under the pastoral care of Minister Brenton Dinham. The young people hold fortnightly self-organised in-person meeting supporting young people through their issues, developing them personally and spiritual. Activities have focused on addressing challenging issues, mental health support and creating activities promoting social engagement. Minister Jacquie Bowen leads the education and development within the church; providing programmes for the personal and spiritual growth of individuals and departments. Social Action, under the leaders of Rev. Clive Foster MBE has again delivered great results and gained national recognition with Rev. Clive’s MBE award. The following are among some of the highlights for this reporting period: Page 3 **The Pilgrim Church Charitable Trust Trustees Annual Report** - The Nottingham celebrations for the Windrush 75th anniversary o Great Minds Lecture at Nottingham Trent University from Historian Colin Grant o Festival of Windrush 75 over three days, events included a Civic service at Nottingham City Council on Windrush Day, live entertainment, food at the Binks Yard complex and a thanksgiving gospel concert. • High levels engagement maintained with Nottingham City Council, Nottinghamshire Police, the Police Crime Commissioner's Office and with Nottingham Majority Black Led churches. - Participation in the Nottingham Citizens community organising group. • Hosting and delivery of a mental health workshop in partnership with Nottingham Framework colleagues at the Pilgrim Centre. • New partnerships with Nottingham Trent University, the Lord Lieutenancy Office of Nottinghamshire and Heritage England. The church acknowledges the contributions of our funders without whose contribution the scale of our work would be significantly lessened. The church seeks to spread the gospel, grow our membership, broaden our outreach, social justice and community engagement programmes in the coming financial period. ## **FINANCIAL REVIEW** The results for the year, and the charity's financial position at the end of the year are shown in the attached financial statements. Note 12 to the financial statements shows the assets and liabilities attributable to the various funds by type. Total funds amounted to £631,643 of which restricted funds totalled £179,691. Unrestricted funds amounted to £452,282 of which £313,353 are designated. This leaves free reserves at 30 September 2023 amounting to £138,929. The aim is to maintain free reserves to the extent that they will provide cover for three months running costs in the event of little or no income. Three months running costs are approximately £15,000. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The activities of the Pilgrim Church are overseen by the Ministers and elected council members. The governing document of the registered charity is filed with the Charity Commission. The Church Council is responsible for the financial administration of the Church, and the care and maintenance of Church premises. The wider church membership meet at least bi-annually to ensure representation in decision making and to give general guidance on the life and work of the Church and to get a gauge for the mood of the local community. Following an analysis of the skills needed by the Charity trustee body, people resident in Nottingham who are active in the advancement of the Christian Religion and have the required skills are approached to become trustees. In the absence of such people, approaches are made to those having the skills, who are non-resident to Nottingham. Trustees are elected at the Annual Church Conference and the Board also has powers to appoint trustees at any time. Trustees so appointed hold office until the following Conference, when they become eligible for re-election. Page 4 ## **The Pilgrim Church Charitable Trust** ## **Trustees Annual Report** A Board consisting of not more than seven Trustees manages the operation of the charity. The Board may regulate its own proceedings subject to the provisions of the charity's Articles, but normally meets quarterly. The Chief Executive acts as secretary. The Pilgrim Church Charitable Trust is a registered charity, number 1072048. The charity's governing document is a trust deed dated 21 September 1998. The charity's working names are The Pilgrim Holiness Church, Pilgrim Social Action and the Pilgrim Centre, the registered office is The Pilgrim Church, Queens Walk, Meadows, Nottingham, NG2 2DF. ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees M.A. Stewart Trustee 14 May 2024 Page 5 **The Pilgrim Church Charitable Trust Independent Examiners Report** ## **Independent Examiner's Report to the trustees of The Pilgrim Church Charitable Trust** I report to the trustees on my examination of the financial statements of The Pilgrim Church Charitable Trust for the year ended 30 September 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. R Muntanga Association of Accounting Technicians Gill & French Gothic House Barker Gate Nottingham NG1 1JU 14 May 2024 Page 6 **The Pilgrim Church Charitable Trust Statement of Financial Activities** ## **for the year ended 30 September 2023** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net income**
6
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||||| |---|---|---|---|---| ||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**| ||**2023**|**2023**|**2023**|**2022**| ||**£**|**£**|**£**|**£**| |||||| ||125,605|15,540|141,145|121,119| ||125,605|15,540|141,145|121,119| |||||| ||99,082|-|99,082|60,007| ||3,104|-|3,104|3,693| ||102,186|-|102,186|63,700| ||-|-|-|-| ||23,419|15,540|38,959|57,419| ||-|-|-|-| ||23,419|15,540|38,959|57,419| |||||| ||23,419|15,540|38,959|57,419| |||||| ||428,863|163,821|592,684|535,265| ||452,282|179,361|631,643|592,684| |||||| |||||| |||||| Page 7 **The Pilgrim Church Charitable Trust Balance Sheet** ## **at 30 September 2023** |**Charity No. 1072048**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors:**Amount falling due within one year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
11
Restricted income funds
**Unrestricted funds**
11
General funds
Designated funds
**Reserves**
11
**Total funds**|**2023**
**£**
325,199
325,199
-
307,929
307,929
(1,485)
306,444
631,643
631,643
631,643
179,361
179,361
138,929
313,353
452,282
631,643|**2022**
**£**
328,303| |---|---|---| |||328,303
2,500
263,517| |||266,017
(1,636)| |||264,381
592,684| |||592,684| |||592,684| |||163,821| |||163,821
119,203
309,660| |||428,863| |||592,684| Approved by the trustees on 14 May 2024 And signed on their behalf by: M.A. Stewart Trustee 14 May 2024 Page 8 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## **for the year ended 30 September 2023** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 9 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor vehicles 20% reducing balance Fixtures and fittings 15% reducing balance ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 10 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 11 **The Pilgrim Church Charitable Trust** ## **Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations and legacies
4
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Gross Wages
National Insurance Costs
Pension Costs
Other Costs
_Governance costs_
Accountancy Fees|**Unrestricted**
**£**
125,605
125,605|**Unrestricted**
**funds**
**2022**
**£**
115,190
115,190
60,007
3,693
63,700
51,490
51,490
51,490
377,374
428,864
**Restricted**
**£**
15,540
15,540
**Unrestricted**
**£**
18,073
1,008
560
78,241
1,200
99,082|**Restricted**
**funds**
**2022**
**£**
5,930
5,930
-
-
-
5,930
5,930
5,930
157,891
163,821
**Total**
**2023**
**£**
141,145
141,145
**Total**
**2023**
**£**
18,073
1,008
560
78,241
1,200
99,082|**Total funds**
**2022**
**£**
121,119| |---|---|---|---|---| |||||121,119
60,007
3,693| |||||63,700| |||||57,419| |||||57,419| |||||57,419
535,265| |||||592,684| |||||**Total**
**2022**
**£**
121,119| |||||121,119| |||||**Total**
**2022**
**£**
14,980
866
449
42,512
1,200| |||||60,007| Page 12 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## 5 **Other expenditure** |5|**Other expenditure**||||| |---|---|---|---|---|---| ||||**Unrestricted**|**Total**|**Total**| |||||**2023**|**2022**| ||||**£**|**£**|**£**| ||Amortisation, depreciation,||||| ||impairment, profit/loss on||3,104|3,104|3,693| ||disposal of fixed assets||||| ||||3,104|3,104|3,693| |6|**Net income before transfers**||||| ||||**2023**||**2022**| ||This is stated after charging:||**£**||**£**| ||Depreciation of owned fixed assets||3,104||3,693| |7|**Staff costs**||||| ||No employee received emoluments in excess of £60,000.||||| ||The average monthly number of full time equivalent employees during the year was as follows:||||| ||||**2023**||**2022**| ||||**Number**||**Number**| ||Charitable activities||1||1| ||||1||1| |8|**Tangible fixed assets**||||| |||**Land and**|**Motor**|**Fixtures and**|| ||||||**Total**| |||**buildings**|**vehicles**|**fittings**|| |||**£**|**£**|**£**|**£**| ||**Cost or revaluation**||||| ||At 1 October 2022|311,834|48,047|34,531|394,412| ||At 30 September 2023|311,834|48,047|34,531|394,412| ||**Depreciation and**||||| ||**impairment**||||| ||At 1 October 2022|-|35,374|30,735|66,109| ||Depreciation charge for the|-|2,535|569|3,104| ||year||||| ||At 30 September 2023|-|37,909|31,304|69,213| ||**Net book values**||||| ||At 30 September 2023|311,834|10,138|3,227|325,199| ||At 30 September 2022|311,834|12,673|3,796|328,303| |9|**Debtors**||||| ||||**2023**||**2022**| ||||**£**||**£**| ||Other debtors||-||2,500| ||||-||2,500| Page 13 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## 10 **Creditors:** amounts falling due within one year |Other taxes and social security
Other creditors|Other taxes and social security
Other creditors||**2023**
**£**
160
125||**2022**
**£**
350
86| |---|---|---|---|---|---| |Accruals|||1,200||1,200| |**Movement in funds**|**At 1 October**
**2022**
35,436
128,385
163,821
119,203
309,660
309,660
592,684|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
15,540
15,540
125,605
-
-
141,145|1,485
**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
-
-
-
(3,693)
3,693
3,693
-|1,636| ||||||**At 30**
**September**
**2023**
**£**
35,436
143,925| ||||||| |**Restricted funds:**
**Restricted income funds:**
Fixed assets fund
Building fund
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Fixed assets fund
_Total_
**Total funds**|||||| ||||-||| ||||-||| ||||-
(102,186)
-
-
(102,186)||| ||||||179,361| ||||||138,929
313,353| ||||||313,353| ||||||| ||||||631,643| ## 11 **Movement in funds** Purposes and restrictions in relation to the funds: Restricted funds: Fixed assets fund represents donations received which have assisted in the purchase of the freehold property. Building fund represents donations received for the church renovation project. Designated funds: Fixed assets fund has been designated to cover future depreciation costs of fixed asset expenditure already incurred from unrestricted reserves. ## 12 **Analysis of net assets between funds** |Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
289,763
162,519
452,282|**Restricted**
**funds**
**£**
35,436
143,925
179,361|**Total**
**£**
325,199
306,444| |---|---|---|---| ||||631,643| Page 14 **The Pilgrim Church Charitable Trust Notes to the Accounts** ## 13 **Reconciliation of net debt** |**Reconciliation of net debt**|||| |---|---|---|---| |Cash and cash equivalents
Net debt|**At 1 October**
**2022**
**£**|**Cash flows**
**£**|**At 30**
**September**
**2023**
**£**| ||263,517|44,412|307,929| ||263,517
263,517|44,412
44,412|307,929| ||||307,929| Page 15 **The Pilgrim Church Charitable Trust Detailed Statement of Financial Activities** ## **for the year ended 30 September 2023** |**Income and endowments from:**
Donations and legacies
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Charitable activities
Gross Wages
National Insurance Costs
Pension Costs
Other Costs
Governance costs
Accountancy Fees
**Total of expenditure on charitable**
**activities**
General administrative costs,
including depreciation and
amortisation
Depreciation of
Depreciation of Motor vehicles
Depreciation of Fixtures and
fittings
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward|**Unrestricte**
**d funds**
**2023**
**£**
125,605
125,605
125,605
18,073
1,008
560
78,241
97,882
1,200
1,200
99,082
569
2,535
-
3,104
3,104
102,186
-
23,419
23,419
-
23,419
428,863|**Restricted**
**funds**
**2023**
**£**
15,540
15,540
15,540
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,540
15,540
-
15,540
163,821|**Total funds**
**2023**
**£**
141,145
141,145
141,145
18,073
1,008
560
78,241
97,882
1,200
1,200
99,082
569
2,535
-
3,104
3,104
102,186
-
38,959
38,959
-
38,959
592,684|**Total funds**
**2022**
**£**
121,119| |---|---|---|---|---| |||||121,119| |||||121,119
14,980
866
449
42,512| |||||58,807| |||||1,200| |||||1,200| |||||60,007
525
3,168
-| |||||3,693| |||||3,693| |||||63,700
-| |||||57,419| |||||57,419
-| |||||57,419| |||||535,265| Page 16 **The Pilgrim Church Charitable Trust Detailed Statement of Financial Activities** **Total funds carried forward** 452,282 179,361 631,643 592,684 Page 17