Charity number: 1085823 (England and Wales) ## ST. PETER'S PROJECT Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2021 ST. PETER'S PROJECT Contents Page For the year ended 31 December 2021 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 6| |Detailed Statement of Financial Activities|7| ## ST. PETER'S PROJECT Report of the Trustees ## For the year ended 31 December 2021 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** ST. PETER'S PROJECT **Charity registration number** 1085823 **Principal address** 4 Back Hill Clerkenwell Road London EC1R 5EN ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Father Andrea Fulco Mr Pietro Molle Mr Giuseppe Gaglione **Independent examiners** G Teoli & Co. Certified Public Accountants Balfour House 741 High Road London N12 0BP Approved by the Board of Trustees and signed on its behalf by ............................................................................. 31 October 2022 Mr Giuseppe Gaglione 1 of 7 ## ST. PETER'S PROJECT ## Independent Examiners Report to the Trustees ## For the year ended 31 December 2021 I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, 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 the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners 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 that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 accounts to be reached. Mr Giulio Teoli FCPA., FMAAT., AFA/MIPA G Teoli & Co. Certified Public Accountants Balfour House 741 High Road London N12 0BP 31 October 2022 2 of 7 ## ST. PETER'S PROJECT Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
3
Charitable activities
4/5
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
13,674
**13,674**
(600)
(522)
**(1,122)**
**12,552**
28,292
**40,844**|**2020**
**£**
4,562| |---|---|---| |||**4,562**| |||(772)
(3,470)| |||**(4,242)**| |||**320**
27,972| |||**28,292**| 3 of 7 ST. PETER'S PROJECT Statement of Financial Position ## As at 31 December 2021 |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**£**
**2021**
42,236
**42,236**
(1,392)
**40,844**
**40,844**
**40,844**
40,844
**40,844**|**£**
**2020**
29,084| |---|---|---| |||**29,084**| |||(792)
**28,292**| |||**28,292**| |||**28,292**| |||28,292| |||**28,292**| For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Father Andrea Fulco Trustee 31 October 2022 4 of 7 ST. PETER'S PROJECT Notes to the Financial Statements For the year ended 31 December 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. ST. PETER'S PROJECT meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure: ## **Charitable activites** ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received|**2020**
**2021**
**£**
**£**
4,562
13,674
**4,562**
**13,674**| |---|---| ## **3. Expenditure on generating donations and legacies** |**Unrestricted funds**
Support costs|**2021**
**£**
600
**600**|**2020**
**£**
772| |---|---|---| |||**772**| 5 of 7 ## ST. PETER'S PROJECT ## Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **4. Costs of charitable activities by fund type** |**Unrestricted funds**
Activity 1
Support costs
**osts of charitable activities by activity type**
**Activities undertaken directly**
Activity 1
**nalysis of support costs**
Management
Governance costs|**2021**
**£**
505
17
**522**
**2021**
**£**
522
**2021**
**£**
-
617
**617**|**2020**
**£**
250
3,220| |---|---|---| |||**3,470**| |||**2020**
**£**
3,470
**2020**
**£**
3,220
772| |||**3,992**| ## **5. Costs of charitable activities by activity type** ## **6. Analysis of support costs** 6 of 7 ST. PETER'S PROJECT Detailed Statement of Financial Activities For the year ended 31 December 2021 ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |**INCOME AND ENDOWMENT**||| |**Donations and legacies**||| |Donations|13,674|4,562| ||**13,674**|**4,562**| |**Total incoming resources**|**13,674**|**4,562**| |**EXPENDITURE**||| |**Charitable activities**||| |Cost of direct charitable activity|(505)|(250)| ||**(505)**|**(250)**| |**SUPPORT COSTS**||| |**Management**||| |Management|-|(3,220)| ||**-**|**(3,220)**| |**Governance costs**||| |Governance costs|(600)|(772)| |Governance costs|(17)|-| ||**(617)**|**(772)**| |**Total resources expended**|**(1,122)**|**(4,242)**| |**Net Income**|**12,552**|**320**| 7 of 7 This page does not form part of the statutory financial statements