Charity number.. 1085823 (England and Wales) ST. PETER'S PROJECT Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2023 ST. PETER'S PROJECT Contents Page For the year ended 31 December 2023 Report of the Trust888 Independeiil Ex8mine¢s Report lo the Trustees Slalomonl of Financial Aclivilios Statement of Financlal Posltion Notes to the Flnanclal Slalemenls 5t07 Detailed Stal8menl of Financial Acllvilies ST. PETER'S PROJECT Report of the Trustees For the year ended 31 December 2023 The Trustees. who are also directors for the purposes of company law, have pleasure in presenting Ihelr report and the financial slalemenls for the charitable company for the year ended 31 December 2023. Thg Trusleas have adopted the provisions of Accounting and Reporting by Chariliès.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 {effeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Oblectlves and alms The trustees Iiave consider@d the Ch&rily Commislon's guidance on public benefll, including the guidance 'public benefit.. ruiining a charity IP821'. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charlty Charlty reglstratlon numbor Prlnclpal address ST. PETER'S PROJECT 1085823 4 Back Hill Clerkenwell Road London EC1R SEN Trustèe8 The Iruslees and officers servlng during the year and since the year end were as follows.. Father Andrea Fulco Mr Pielro Moll8 Mr Giuseppe Gagliono Indgpondenl •xamln•rs G Teoli & Co. Certified Public A¢counlanls Balfour House 741 High Road London N12 OBP Approved by the Board of Trustees and signed on its behalf by Mr Giuseppe Gaglione 27 September 2024 ST. PETER'S PROJECT Independent Examiner5 Report to the Trustees For the year ended 31 December 2023 I report to the trustees on my examination ol the accounts of the charitable company for th8 year anded 31 Decen)ber 2023. Responslbilities and basis of report As Ihe Gharity Trlislees, who are also directors for th8 purposes of company law. are responsiblè for the preparation of the accounts lrn ac¢ordance with the requirements of the Companies Act 20061'lhe 2006 Act,). Having salisfSed myself that the accounts of the Company ar8 not requir8d lo be audi18d under Part 16 of tha 2006Act and are eligible for independent examination, I report in respect of my examination of your charlly's accounts carried oul under section 145 of the Charilies Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I havo 1011owod the Directions given by the Charity Commi55ion under section 14515llbl of the 2011 Acl. Independent èxamlnprs statement I have completed my examination. I conflrm that no mallers have come lo my attention In connecllon with the examinallon giving me caus6 to belleve that in any material respect.. 1. 8ocounting records were not kept In respect of the Company as requir8d by 8eclion 386 of the 2006 Act: or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the requirèmenls of section 396 01 Ihe 2006 Act othar than any raqulremenl that the accounts give 8 'tru8 fair view, which is not a maller considered as part of en Independent examination: or 4. the accounts have not been prepared In acoordance wllh the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Rèporting Standard applicable in the UK and Ro.public of Ireland IFRS 1021. I have no concèrns and have come across no other mallers in conneclion wllh tho examination lo which allenlion should be drawn in Ihis report in order 10 6nable a proper ui)dorslanding of tho accounls lo bo rBachod. Mr Giulio Teoli FCPA.. FMAAT., AFAJMIPA G Teoli & Co. Certified Public Accounlanls Balfour House 741 High Road London N12 OBP 27 September 2024 ST. PETER'S PROJECT Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2023 Notes Unrestricted funds 2022 Income and ondowinents from: Donations and legacies Total 3,825 3.825 5,328 5,328 Exponditure on,. Raising funds Charitable acllvllles Total 314 11.550) 1939} (2,4891 (2.3731 1290) 12.6631 516 Nel Income 1,336 2.665 Reconclllatlon of funds Total funds broughl forward Total fund$ earrled forward 43,509 40,844 44,845 43,509 ST. PETER'S PROJECT Statement of Financial Position As at 31 December 2023 Notes 2023 2022 Current assets Cash al bank and in liand 46,457 46,457 44,901 44,901 11,3921 Credltors.. amounts falllng due wlthln one year Net current assets 46,457 46,457 43,509 43,509 Total assetB less ¢urront Ilabllltles Nèt assets 46.457 43,509 Tha funds of tha charity Unrèstricted income funds 46,457 Total funds 46,457 43,509 For the year onded 31 December 20231ho cornpany was enlllled lo exemplion from audlt under section 477of Ihe Companies Act 2006 relating lo small companics. The members hav& not réqulred th8 company lo ohl8ln an audit of its accounts for the year in question In accordance wllh section 476, The Irusleos acknowledgo their r85ponsibililies for complying wilh th8 reqijiremeii15 01 Ihe Acl wilh respocl lo accounting records and the pr8par81ion ol accounts. These accoLinls have been prèparèd in accordance with the provisions 8ppllcable to companies subject lo the small companles, regime. The fln3ncl81 statements were epproved and aulhorlsed for Issue by th8 Board and signed on Ils behalf by,, Father Andrea Fulco Trustee 27 September 2024 ST. PETER'S PROJECT Notes to the Financial Statements For the year ended 31 December 2023 1. Accounting Policies Basls of accountlng Th8 financial s12lemenls have been prepared und8r the historical ¢osl convention. except for investments which are included al markel value and the revaluation of certain fixed assets and in accordance wllh the Charities SORP IFRS 1021 'Accoui)ling and Reporting by Gharilies.. Sl(]lemenl of Rocomnieiided Praclice applicable lo charities preparing their accouiils in accordanco willi the Fii)an¢ial Reporting Slaiiddrd apk>licable ii) the UK aiid Republic ol Ireland IFRS 1021 lelleclive 1 January 20191,, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, and the Coinpanies Act 2006. ST. PETER'S PROJECT meets the definition of a public benofil enlily undor FRS 102. Assets and liabilities are initially recognised al historical cost or transaclion value unless othe￿is& slated in the relevant accounting policy nolels). Incoming resources All incoming resources are included in the stalemenl of finaiiclal a" .livilies when the Charity is entitled lo the Income and the amouiil can be quantified with reasonable accuracy. The followii)g spocific policios arc applied lo particular calogories of income: Resourcgs exponded Liabililies are recognised as resources expended when there is a legal or conslrucliv8 obligation commilling th8 Charity lo lh& expendllure.. 2. Income from donallons and legaclos 2023 2022 Unre$trlcled funds Doiialions roceived 3.825 5,328 3.825 5,328 3. Expendlture on gon¢ratlng donatlons and logacles 2023 2022 Unrestrl¢ted fund8 Donations Support Losls 933 840 1,440 840 2.373 4. Expendlture on othor trading a¢tlvltles 2023 2022 Unreslrlcted funds Fund raising events - Donations 710 710 ST. PETER'S PROJECT Notes to the Financial Statements Continued For the year ended 31 December 2023 5. Co#l8 of charitablo activitlg$ by fund typè 2023 2022 Unrestrlcted funds Actlvlty 1 Support costs 939 257 33 939 290 6. Costs of charltablè actlvltles by acllvlty typ 2023 2022 Actlvltles undortaken dlrèctly Acilvily 1 939 290 7. Analysls of support costs 2023 2022 Gov8rnance costs 840 1,473 8. Net Incomelloxpendlturel for tho yèar This is slated after chargingllcreditingl.. 2023 2022 Accountancy fees 840 888 9. Parti¢ulars ol employées 2023 2022 None ST. PETER'S PROJECT Notes to the Financial Statements Continued For the year ended 31 December 2023 10. Comparatlve for the Statement of Flnancial Actlvltles The con)paralive year values on the Slalemeril of Financial Activites are lor unrestricted funds. 11. Credltors., amounts falllng due wlthln one year 2023 2022 Accruals and deforred Sncome 1,392 1,392 12, Movement In funds Purpose of unrgstrlcled Funds General Relief opf puverty 13. Analysis of net assets batwe?n funds Not currgnl assets I Not Assots Unrgslrlcted funds Gen8ral General 46,457 46,457 46.457 46,457 Prevlous year Net current assgts I Not A889t8 Unrestrl¢ted funds General General 43,509 43,509 43,509 43,509 ST. PETER'S PROJECT Detailed Statement of Financial Activities For the year ended 31 December 2023 2023 2022 INCOME AND ENDOWMENT Donatlons and legacle$ Donations 3,825 5,328 3,825 5,328 Total Incomlng resources 3,825 5,328 EXPENDITURE Ral$lng donatlon$ and legacle$ Donalions 1933) 19331 Other trading a¢tlvltles Fund raislng evgnls - Donations 17101 17101 Charltable actlvltle¥ Cost of direct charllable activity 19391 1257} 19391 1257) SUPPORT COST8 Governanca Costs Governance costs Governance costs 18401 11,4401 (331 18401 11.473} Total resources expended 12.489} 12,6631 Net Income 1,336 2,665