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← The Pilgrim Church Charitable Trust

2024-09-30-accounts

The Pilgrim Church Charitable Trust

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Trustees' Report and Unaudited Accounts

30 September 2024

The Pilgrim Church Charitable Trust Contents

Pages
Trustees'AnnualReport 2 to 5
IndependentExaminer'sReport 6
Statement of FinancialActivities 7
BalanceSheet 8
Notesto the Accounts 9 to 15
DetailedStatement of FinancialActivities 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 2024.

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

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Accountants

Gill & French 328 Mansfield Road, Nottingham England NG5 2EF

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:

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

The Church continues to express its faith in God and service to community as it shares the gospel message and practical outworking of its spiritual values, in worship, community and social action.

Amongst the key achievements of the Pilgrim Church in 2024 are:

• Continued recognition of the excellent work carried out by Rev. Clive Foster MBE and team, in support of the Windrush community, namely bestowal of a Certificate of Recognition for Valuable Services to the Community of Nottinghamshire, by the High Sheriff of Nottinghamshire, Professor Veronica Pickering.

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 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 for the city:

• The Nottingham celebrations for the Windrush Day 2024 Festival over three days, events included a Civic service at Nottingham City Council on Windrush Day, live stream Windrush Flag raising, central library exhibition and a gospel concert at the Binks Yard complex.

Commissioner's Office and with Nottingham Majority Black Led churches.

Page 3

The Pilgrim Church Charitable Trust Trustees Annual Report

• 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 10 to the financial statements shows the assets and liabilities attributable to the various funds by type. Total funds amounted to £611,506 of which restricted funds totalled £182,713. Unrestricted funds amounted to £428,793 of which £316,457 are designated. This leaves free reserves at 30 September 2024 amounting to £112,336. 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 £19,000.

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.

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).

Page 4

The Pilgrim Church Charitable Trust Trustees Annual Report

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

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M.A. Stewart Trustee 16 June 2025

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 2024.

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').

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:

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 MAAT

Gill & French

328 Mansfield Road,

Nottingham England NG5 2EF

16 June 2025

Page 6

The Pilgrim Church Charitable Trust Statement of Financial Activities

for the year ended 30 September 2024

Notes
Income and endowments
from:
Donationsandlegacies
3
Total
Expenditure on:
Charitableactivities
4
Other
5
Total
Netgainsoninvestments
Net(expenditure)/income
6
Transfersbetweenfunds
Net(expenditure)/income
before othergains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds		 Restricted
funds		 Totalfunds Totalfunds
2024 2024 2024 2023
£ £ £ £
80,851 3,352 84,203 141,145
80,851 3,352 84,203 141,145
101,828 - 101,828 99,082
2,512 - 2,512 3,104
104,340 - 104,340 102,186
- - - -
(23,489) 3,352 (20,137) 38,959
- - - -
(23,489) 3,352 (20,137) 38,959
(23,489) 3,352 (20,137) 38,959
452,282 179,361 631,643 592,684
428,793 182,713 611,506 631,643

Page 7

The Pilgrim Church Charitable Trust Balance Sheet

at 30 September 2024

at 30September 2024
Charity No.1072048
Fixed assets
Tangibleassets
8
Current assets
Cashat bankandin hand
Creditors: Amountfallingdue within one year
9
Netcurrent assets
Totalassets lesscurrentliabilities
Net assetsexcludingpension asset orliability
Totalnet assets
Thefundsofthecharity
Restrictedfunds
10
Restrictedincomefunds
Unrestrictedfunds
10
Generalfunds
Designatedfunds
Reserves
10
Totalfunds
Approved by the trusteeson 16June 2025		 2024
£
322,687
322,687
290,131
290,131
(1,312)
288,819
611,506
611,506
611,506
182,713
182,713
112,336
316,457
428,793
611,506		 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

And signed on their behalf by:

M.A. Stewart Trustee 16 June 2025

Page 8

The Pilgrim Church Charitable Trust Notes to the Accounts

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

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

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.

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 ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Total
Expenditure on:
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
3
Incomefrom donationsandlegacies
Donationsandlegacies
4
Expenditure oncharitable activities
Expenditureoncharitable
activities
GrossWages
NationalInsuranceCosts
PensionCosts
OtherCosts
Governancecosts
AccountancyFees		 Unrestricted
£
80,851
80,851		 Unrestricted
funds
2023
£
125,605		 Restricted
funds
2023
£
15,540
15,540
-
-
-
15,540
15,540
15,540
163,821
179,361
Total
2024
£
84,203
84,203
Total
2024
£
19,162
1,286
527
79,653
1,200
101,828		 Totalfunds
2023
£
141,145
125,605
99,082
3,104		 141,145
99,082
3,104
102,186 102,186
23,419 38,959
23,419 38,959
23,419
428,863		 38,959
592,684
452,282 631,643
Restricted
£		 Total
2023
£
141,145
3,352
3,352 141,145
Unrestricted
£
19,162
1,286
527
79,653
1,200		 Total
2023
£
18,073
1,008
560
78,241
1,200
101,828 99,082

Page 12

The Pilgrim Church Charitable Trust Notes to the Accounts

5 Other expenditure

5
Other expenditure		 5
Other expenditure		 5
Other expenditure		 5
Other expenditure
Unrestricted
Total
Total
2024
2023
£
£
£
Amortisation,depreciation,
impairment,profit/losson
disposalof fixedassets
2,512
2,512
3,104
2,512
2,512
3,104
6
Net(expenditure)/income before transfers
2024
2023
Thisis statedaftercharging:
£
£
Depreciation ofownedfixedassets
2,512
3,104
7
Staffcosts
No employee received emolumentsin excessof£60,000.
Theaverage monthly number of fulltime equivalent employeesduringthe year wasasfollows:
2024
2023
Number
Number
Charitableactivities
1
1
1
1
8
Tangiblefixed assets
Land and
buildings
Motor
vehicles
Fixturesand
fittings
Total
£
£
£
£
Cost or revaluation
At 1 October 2023
311,834
48,047
34,531
394,412
At 30September 2024
311,834
48,047
34,531
394,412
Depreciation and
impairment
At 1 October 2023
-
37,909
31,304
69,213
Depreciationchargefor the
year
-
2,028
484
2,512
At 30September 2024
-
39,937
31,788
71,725
Net bookvalues
At 30September 2024
311,834
8,110
2,743
322,687
At 30September 2023
311,834
10,138
3,227
325,199
9
Creditors:
amountsfallingdue within one year
2024
2023
£
£
Other taxesandsocialsecurity
-
160
Othercreditors
112
125
Accruals
1,200
1,200
1,312
1,485		 Total
2023
£
3,104
3,104
1 1
Total
£
394,412
Motor
vehicles
£
48,047
48,047 394,412
37,909
2,028		 69,213
2,512
39,937 71,725
8,110 322,687
10,138 325,199
2024
£
-
112		 2023
£
160
125
1,200 1,200
1,312 1,485

Page 13

The Pilgrim Church Charitable Trust Notes to the Accounts

10 Movement in funds

Movementinfunds
At 1 October
2023
35,436
143,925
179,361
138,929
313,353
313,353
631,643		 Incoming
resources
(including
other
gains/losses)
£
-
3,352
3,352
80,851
-
-
84,203		 Resources
expended
£		 Gross
transfers
£
-
-
-
(3,104)
3,104
3,104
-		 At 30
September
2024
£
35,436
147,277
Restrictedfunds:
Restrictedincomefunds:
Fixedassetsfund
Buildingfund
Total
Unrestrictedfunds:
Generalfunds
Designatedfunds:
Fixedassetsfund
Total
Totalfunds
-
-
- 182,713
112,336
316,457
(104,340)
-
- 316,457
(104,340) 611,506

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.

11 Analysis of net assets between funds

Analysisofnet assetsbetweenfunds
Fixedassets
Netcurrentassets		 Unrestricted
funds
£
287,251
141,542		 Restricted
funds
£
35,436
147,277
182,713		 Total
£
322,687
288,819
428,793 611,506

Page 14

The Pilgrim Church Charitable Trust Notes to the Accounts

12 Reconciliation of net debt

Reconciliation ofnet debt
Cashandcash equivalents
Net debt		 At 1 October
2023
£		 Cashflows
£		 At 30
September
2024
£
307,929 (17,798) 290,131
307,929 (17,798)
(17,798)		 290,131
307,929 290,131

Page 15

The Pilgrim Church Charitable Trust Detailed Statement of Financial Activities

for the year ended 30 September 2024

for the year ended 30September 2024
Income and endowmentsfrom:
Donationsandlegacies
Donationsandlegacies
Total income and endowments
Expenditure on:
Charitableactivities
GrossWages
NationalInsuranceCosts
PensionCosts
OtherCosts
Governancecosts
AccountancyFees
Totalofexpenditure oncharitable
activities
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of
Depreciation ofMotor vehicles
Depreciation of Fixturesand
fittings
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Net(expenditure)/income
Net(expenditure)/income before
othergains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward		 Unrestricted
funds
2024
£
80,851		 Restricted
funds
2024
£
3,352		 Totalfunds
2024
£
84,203
84,203
84,203
19,162
1,286
527
79,653
100,628
1,200
1,200
101,828
484
2,028
-
2,512
2,512
104,340
-
(20,137)
(20,137)
-
(20,137)
631,643		 Totalfunds
2023
£
141,145
80,851 3,352 141,145
80,851
19,162
1,286
527
79,653		 3,352
-
-
-
-		 141,145
18,073
1,008
560
78,241
100,628 - 97,882
1,200 - 1,200
1,200 - 1,200
101,828
484
2,028
-		 -
-
-
-		 99,082
569
2,535
-
2,512 - 3,104
2,512 - 3,104
104,340
-		 -
-		 102,186
-
(23,489) 3,352 38,959
(23,489)
-		 3,352 38,959
-
-
(23,489) 3,352 38,959
592,684
452,282 179,361

Page 16

The Pilgrim Church Charitable Trust Detailed Statement of Financial Activities

Total funds carried forward

428,793

182,713

611,506

631,643

Page 17