REGISTERED CHARITY NUMBER.. 1106220 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Dember 2023 for PILGRIM CHRISTIAN CENTRE Lee & Capital Partners Ltd Charted Certified Accountants 25 South Lane New Malden Surrey KT3 SHU
PILGRIM CHRISTIAN CENTRE Contents of the Finaiicial Statements for the Year Ended 31 DtceinbeT 2023 Pag8 Report ol the Trustees Independenl Examinerfs Report staternent of Finanoal Actiwties Balance Sheet Notes to th& Finan81 Statem8nts 6 to 10 Detailed Statement of Financial Acts"vth"es
PILGRIM CHRISTIAN CENTRE urt vf the TtUStee for ihe Year F.nded 31 December 2023 The trustees present their report with the financial ststements of the charity for the year ended 31 Dember 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement ol Recommended Practi applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS 102118ff8CtiV8 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The principal object of the charity is advance the Christian Faith. It seeks to do this locally within its immediate geographic neighbourhood aa, but also across the UK and intemationally with various contacts that the charity has. Significant activitie5 The principal fund raising activity ol the church is the offerings and donations made by the members of the church congregation. The fund raised are used to support tni5sionary work, both in the United Kingdom and abroad, to give scholarship support to sdents, and generally to give support and aid to those less well off in th8 communily. Publlc benefit The trust885 have had due ward to the Charity Commission's gen8ral guKlanc8 on public benefit when r8vi8wng the Charity's objectives. The trustees strongly beli8ve that th8 m88ting Wether for the worship of God and Jesus Christ, preaching and Bibl8 teaching. as well as meeting in srnall groups for all ages lo explore the Christian faith, as well as working in and with our cotnmunity Is for public benefit. FINANCIAL REVIEW Reserves policy Tot81 incom8 rec8iV8d forthe year arnount8d to £83,85712022 £72,100), which is th8 total incoming r8sourc8. Total expènditure amounted to £77,027 12022 £75,283) that left net incoming resources for period of £6.830 12022 £3,183-net outgoing). The trustee applied and shall continue to apply accumulations ol income to charitable causes after making such pro¥rision for 811 expenditure on trust. FUTURE PLANS Foi 2024 the Church airn5 to continue to maintain its existing aCtiVeS and adapt those activities where necessary according to the day-to-d8y ne8ds of the congregatK)n. Funds given will continue to b8 spent broadly in lin8 With th8 current pattem of expenditure. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by rts goveming document, a deed of trust and consts"lutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1106220 Principal address 21 Stonecroft Close Hove BN3 8BP Trustees Rev E W Song Pastor Ecsong Ms E Yang Page I
PILGRIM CHRISTIAN CENTRE urt vf the TtUStee for ihe Year F.nded 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner 8yung Hun Lee Lee & Capital Partners Ltd Chartered Certrfied Accountants 25 South Lane N8w Malden Surrey KT3 SHU Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by.. ev E W Song- Trustee Page 2
Iiide ort to the TTUStees of PILGRIM CHRISTTAN CENTRE eiident Exaniiner's Re Independent examinerfs report to the trustees of PILGRIM CHRISTIAN CENTRE I report to the charity trnstees on my examination of the accounts of PILGRIM CHRISTIAN CENTRE (the Trust) for th8 year ended 31 Dernber 2023. Responsibilities and basis of report As the charity twslees of the Trust you are ressJ)nsible for the preparation ol the aco)unts in accordance with the requirements of the Charrties Act 20111'the Act'l. I report in respect of my examination of the Trusts accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all spICable Directions given by the Charity Commission under Section 14515llbl ol the Act. Independent examiner's statement I have completed my examination. I confirm that no rnalerial matters have come lo my attention in connection wth the examination giving me cause to believe that in any material resped.. accounting records were not kept in respect of the Trust as qUId by Section 130 of the Act., or the accounts do not accord wth those records,. or the a¢xounts do not comply with the 8pplicable requirements conceming th8 form and content of accounts set out in the Charities IAc¢ounts and Reports) Regulations 2008 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. I have no cOnrn$ and have o)me across no other matters in connection with the examination to which attenti should be drawn in this report in orderto enable a proper understanding ol the accounts to be ached. Byung Hun Lee L88 & Capital P8rtn8rs Ltd Chartered Certffied Awountants 25 South Lane New Malden Surrey KT3 SHU 19 March 2025 Page 3
PILGRIM CHRISTIAN CENTRE Statement uf FindiiLial Activitie for ihe Year F.nded 31 Deceinber 2023 31.12.23 Unrestricted funds. 31.12.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 83,314 72,070 Inv8Stm8nt incom8 543 30 Totsl 83,857 72,100 EXPENDITURE ON Charftsble actlvltles Church activities Support costs 75,263 1.764 57,878 17,405 Total 77,027 75,283 NET INCOMEIIEXPENDITUREI 6,830 13,1831 RECONCILIATION OF FUNDS Totsl funds brought forward 65,926 69,109 TOTAL FUNDS CARRIED FORWARD 72,756 65,926 The notes forni part of these financial statemellts Page 4
PILGRIM CHRISTIAN CENTRE Balle Shett 31 DeLember 2023 31.12.23 Unrestricted funds. 31.12.22 Total funds Notes FIXED ASSETS T8ngible assets 2,090 1.741 CURRENT ASSETS Cash at bank and in hand 75,365 66,967 CREDITORS Amounts falling due within one year 14.6991 12,7821 NET CURRENT ASSETS 70,666 64,185 TOTAL ASSETS LESS CURRENT LIABILITIES 72,756 65,926 NET ASSETS 72,756 65,926 FUNDS Unrestricted tunds 72,756 65,926 TOTAL FUNDS 72,756 65,926 The financial statements were approved by Board ol Trustees and authorised for issue on 19 March 2025 and were signed ori its behalr by.. E Yang- Tru The notes forni part of these financial statemellts Page 5
PILGRIM CHRISTIAN CENTRE Nvtts to tlie FindnLidl Statements. for ihe Year F.nded 31 Deceinber 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the chairty, which is a public benerrt entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporhng by Ch8rities.' Statement Recommended PractiTr applicable lo charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 The Financial R8POrting Standard 8pplicab18 In the UK and Republic of Ireland. and th8 Charities Act 2011. The financial statements have been prepared under the historical cost convenb'on. Income All ino)me is recognised in the Statement of Financial A¢tiwties once the charity has entidement to the funds. it is probable that the income wll be reTrived and the amount can be MeaSud reliably. Expenditure Liabilities a recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to thal expenditure, it is probable that a transfer of economic benefits wll be required in settlernent and the amount of the obligation ran b8 m88sured reliably. Exp8nditur8 15 8C(x)unted for on an accruals basis and h85 b88n dassified under headings that a9gate all cost related lo the category. Where costs cannot didIY attributed lo particular headings they have been allocated to activities on a ba51S COnSiStent with the use of resources. Grants offered subject to conditi$ which have not been met at the year end date are noted as a commitment bul not accrued a5 expenditure. Tangible fixed assets DepCia"0n is provided at the followng annual rates in order to write off each asset over its estimated useful life. Plant & machinery.. 25°/ts on reducing balan basis Fixtuies & rrtings.. 25QA on reducing balan basi5 Computer.. 25°/o on dcing balance basis Motor vehicle." 25.kn on reducjng balance basis Taxation The charity is exempt from tax on its charitable activities. Fund aceounting Unrestrict& funds can be used in accordance with the charitable objectives at the discretion ol the trustees. Restrict8d funds ran only b8 used for particular re5trict8d purp058S Within the objects of th8 charty. R8strictiOn5 arise when speufied by the donor or when funds are raised for parti¢ular $tricted purposes. Further explanation of the nature atKI purpose of each fund is included in the note5 to the financial 5taternents. Pension costs and other post-retirernent benefits The charity operates a defined contribution pension scheme. Contribution5 payable to the charitWs pensi[ scheme are charged to the Statement of Financpl Activities in the period to which they relate. Page 6 continued...
PILGRIM CHRISTIAN CENTRE Nvtts to tlie FindnLidl Statements'_ Lontinued for ihe Year F.nded 31 Deceinber 2023 INVESTMENT INCOME 31.12.23 31.12.22 Deposit account interest 543 TRUSTEES. REMUNERATION AND BENEFITS 31.12.23 31.12.22 Trustees, salanes Trustees, pension5 paid 12,000 360 10,202 306 12,360 10,508 Trustees. expenses There were no trustees, expenses paid for the year ended 31 Dernber 2023 nor the year ended 31 December 2022. STAFF COSTS The average monthly number of employees during the yearwas as follows.. 31.12.23 31.12.22 Staff No employees 1Ved emoluments in ex$$ o1260,CK)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrc%trictcd funds INCOME AND ENDOWMENTS FROM Donations and legacies 72,070 Investrnent in(x)rne 30 Total 72,100 EXPENDITURE ON Charitab18 activities Church activities Supwrt Costs 57,818 17,405 Total 75,283 NET INCOMEIIEXPENDITUREI 13,1831 RECONCILIATION OF FUNDS Total funds brought forward 69,109 TOTAL FUNDS CARRIED FORWARD 65,926 Page 7 continued...
PILGRIM CHRISTIAN CENTRE Nvtts to tlie FindnLidl Statements'_ Lontinued for ihe Year F.nded 31 Deceinber 2023 TANGIBLE FIXED ASSETS Fixtures aiid ritlings Plant machinery Motor vehicles Coinputer equipmertl Totals COST At 1 January 2023 Additions 2,423 6,288 5,160 735 1.057 14,606 1.057 At 31 December 2023 2,423 6,288 5,160 1,792 15,663 DEPRECIATION At 1 January 2023 Charge for year 1,756 175 6,189 25 4,241 230 679 278 12,865 708 At 31 December 2023 1,931 6,214 4,471 957 13,573 NET BOOK VALUE At 31 December 2023 492 74 689 835 2,090 At 31 Dmber 2022 667 99 919 1,741 CREDITORS.. AMOUNTS FALLING DUE WVITHIN ONE YEAR 31.12.23 31.12.22 Taxation and social security Other creditors 19581 5,657 141 2,641 4.699 2.782 MOVEMENT IN FUNDS Net movement in fund At 31.12.23 At 1.1.23 Unrestrfcted funds General fund 65.926 6.830 72.756 TOTAL FUNDS 65,926 6,830 72,756 Nel movement in fvnds. included in the above are as follows.. Incorning resources Resoutce5 expended Movement in funds Unrestrlcted funds Gen8ral fund 83,857 177,0271 6,830 TOTAL FUNDS 83,857 177,0271 6,830 Page 8 continued...
PILGRIM CHRISTIAN CENTRE Nvtts to tlie FindnLidl Statements'_ Lontinued for ihe Year F.nded 31 Deceinber 2023 MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Net moveinent in funds At 31.12.22 At 1.1.22 Unreslric¢ed fun(ts General fund 69,109 13,1831 65,926 TOTAL FUNDS 69,109 13,1831 65,926 Comparativ8 n8t rnov8m8nt in funds, includ8d in the abov8 ar8 as follow5.. Incoming resouTces Rcsourccs expended Movcmcnt in funds Unre5trict8d fund5 General fund 72,100 175,2831 13.1831 TOTAL FUNDS 72.100 175,2831 13,1831 A ojrrenl year 12 months and prior year 12 months combined position is as follows.. Net moveinent in funds At 31.12.23 At 1.1.22 Unrestrlcted funds Gen8ral fund 69,109 3,647 72,756 TOTAL FUNDS 59,109 3,647 72,756 A cuent year 12 months and prior year 12 months combined net movement in funds, included in the above are 85 follows.. Incomin¥ resources ResoutLes expended Movement in funds Unreslrlc¢ed fun(ts General fund 155,957 1152,3101 3,647 TOTAL FUNDS 155,957 1152.3101 3,647 Page 9 continued...
PILGRIM CHRISTIAN CENTRE Nvtts to tlie FindnLidl Statements'_ Lontinued for ihe Year F.nded 31 Deceinber 2023 RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 Dember 2023. Page 10
PILGRIM CHRISTIAN CENTRE Detailed St4teTneiit of Fill(¢]dI Activities for ihe Year F.nded 31 DeCeiber 2023 31.12.23 31.12.22 INCOME AND ENDOVIMENTS Donations and legacies Donation5 83,314 72,070 Investment incom8 Deposit account interest 543 30 Total incoming resources 83,857 72,100 EXPENDITURE Charitsble activities Trustees. salaries Trustees. pensions paid Wages Pensions Speakers Missionary 5UPPOrt Confer8nc8 Grants lo individuals 12.000 360 16,200 10.202 306 16,200 500 28,459 639 25,393 500 4,152 500 58,019 57,878 Support costs Managernent Rent Prints"ng, postage & stationery Other church costs Motor expenses Travelling subriptIon Computer cost Repairs & newa1$ Plant and machinery Fixtures and rrtlings Motor vehicles Cotnputer equipment 2.130 253 4,124 2.887 5,667 2.110 1,333 5,758 826 4,443 90 1,001 1,392 690 175 25 230 278 222 33 306 18 17.851 16,140 Finance Bank tharges 101 179 Govemance costs Accountsncy and I81 fees 1,0 1.086 Total resources expended 77,027 75,283 Net incomellexpenditurel 6,830 13,1831 This pagc docs not forni part of thc statlltory financial statcmcnts Page 11