REGISTERED CHARITY NUMBER: 1106220 udrted Financial Statements for the Year Ended 31 December 2024 PILGRIM CHRISTIAN CENTRE Lee & Caiytal partrrS Ltd charte ceed Accountants 30 Groveland Way New Malden Surrey Kf3 5BT
PILGRIM CHRIS CENTRE Contents of the Financial Stateme for the Year Ended 3 mber 2024 Report of the Trustees 1 to 2 Independent Exarrinefs Rewt Statement of Financial Adiwtss Balance Sheet Notes to the Financial Statements 6 to 10 Detai18d Statement of Finanaal Activities 11
PILGRDd CIIRISTIAN CENTRE of the Trustees for the Y&qr Ended 31 The truslees present their rerth the finarKial StateMS of the drity for the year ended 31 Dernber 21r24. The trustees have adopted the provisions of AccountirvJ and Reporting by Charities: Statemerrt of Recommended Practi applicable to tharities preparing their a(yx)unts in aCar vth the Finan(aal Reporting Standard applicable in the UK and ReputAic of Ireland (FRS 102) (effecbve 1 January 2019). OBJECTIVES AND ACTMTIES Objectives and aims The principal obje(l of the charty is advarKE the Christian Failh. ft seeks to do this localty within its immediate geographic neIghbOh0Od area. Ixrt also a(Yoss the UK and InternatilY with vafiOUS UMtacts that the tharity has. Slgnlficant activSties The prinapal fund raising athryty of the church is the offerings and donations made by the members of the churth congregation. The fund raised are used to suppcyt missionary work, both in the United Kingdom and abroad. to give scholarship support to students, and general]y to give support arml aid to those Sess well off in the MmUnty. Publlc benefft The trustees have had due regard to the Charity Commission's gal gUKlar on public benefft when revi8wing the Charilys obJ'eclives. The trustees strongly bdieve that the meeting tOgett for the worship of God and Jesus Christ. preathing arKI Bible teaching, as YRII as meeting in S11 groups for all ages to expkxe the Christian faith, as well as working in and wilh our communty is for public benefiL FINANCIAL REVIEW Reserves policy Total inc(xne reiVed for Ihe year amounted to £77.510 (2023 £83.857). is the lotsl in(x)ming resour. Total expenditure amounted to £70.973 (2023 £77.02n that left net In(ni resources ts the period of £6,537 (2023 £6.830). The truste8 applied and sham ntinUe to apply acwmulaliS of income to dritable ouses after n)aktng suc*t provision for all expenditure on trusL FUTURE PLANS For 2025 the Church aims to continue to mairrtain its existing activities and adapt those activi where nssary according to the day-ttFday needs of the congregation. Funds given y11 continue to be spent broadly in line wtth the current pattem of expenditure. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by ts governing dwment. a deed of Iwst and )nStituteS an unin(¥)rporated tharity. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Chaiity number 1106220 Principal address 21 Ston8croft Close Hove BN3 8BP Rev E W Song Pastor Ecsong Ms E Yang Page I
PILGRIM CHRISThIN CENTRE rt of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examiner Byung Hun Lee Lee & Capital Partners Ltd Chartered Certified Acojuntants 30 Groveland l•lay New Malden Surrey Kf3 58T Approved by order of the board of trustees on 29 0(knber 21Y25 and signed ts behalf by: Rev E W Song - Trustse
Ind dent ExamineVs R PILGRIM CHRISTIAN CENTRE ¢ Trustees of Independent examinerfs report to the trustees of PILGRIM CHRISTIAN CEKfRE I report to the tharity Irustees on my examination of the aca)unts of PILGRIM CHRISTIAN CENTRE (the Trusl) for the year ended 31 December 2024. Responsibilities and basls of report As the charity trustees of the Trust you are resp)n1)le for the preparation of th8 accounts in accordanc8 vAth the requirements of the Chaiities Aci 2011 Cthe W. I report in respect of my examination of the Trusfs a¢Unts (2rried out urKler sertm 145 of trE Act and in carying out my exanwnation I have followed all applicable Diredions given by the Charity Commission under Section 145(5)(b) of the Ad. Independent exarnlnefs statement I have completed my examinalion. I confirm that no material matters have to my attention in connection with the examination giving me cause to believe that in any material respett acAxunting re)rdS were not kept in respect of the Trust as required by Sedion 130 of the A(: or the accounts do not ac(xNd wilh those records: or the accounts do not wmrAy with ts applicable requirements o)nc£ming the fonn and ca)ntent of a0Unts set out in the Chariknes (Ac¢)Junts and Reports) Regulations 2008 other than any requirement that the a(X)unts give a true and fair view which is not a matter considered as part of an independent examination. I have no COnmS and have awss no other matters in conneclion Nlith the examination to attention should be drawn n this report in order to enable a proper understanding of the ac(x)unts to be reached. Byung Hun Lee Lee & Captsi Partners Lld Chartered Certified Ac0ntants 30 Groveland Way New Malden Surrey Iff3 5BT 29 October 2025 Page 3
PILGRIM CHRIS Statement of Financial Activities for the Year En l December 2024 31.12.24 Unrestricted fimds 31.12.23 Total fimds INCOME AND ENDOWMEpifs FROM Donations and legacies 76.723 83.314 Investment In)me 787 77.510 83,857 EXPENDITURE ON Charltable activities Church activiti8S Support costs 50,539 20.434 58,019 19.008 T¢)tal 70.973 77.027 NET INCOME 6,537 6.830 RECONCILIATION OF FUNDS Totsl funds brought forward 72.756 65,926 TOTAL FUNDS CARRIED FORWARD 79.293 72,756 The notes forni pwt of these financial statements Page 4
Balance Sheet 31 December 2024 31.12.24 Unrestricted funds 31.12.23 fimds FIXED ASSETS Tangible assets 2.118 CURRENT ASSETS Cash at bank and in hand 81.683 75,365 CREDITORS Amounts falling due within on8 year (4.508) (4,699) NEf CURRENT ASSErs 77,175 70,666 TOTAL ASSETS LESS CURRENT UABIUTIES 79.293 72.756 NET ASSETS 79,293 72,756 FUNDS Unrestricted funds 79,293 72,756 TOTAL FUNDS 79.293 72,756 The financial statanents vme approved by the Board of Trustees and authised for issu8 on 29 O¢thber 2025 and were signed on ts behaff by: E Yang - Trustee The notes forn) pt of these financial statements Page 5
PILGRIM CHRISTIAN CENTRE Notes to the Financial Statements e Year Ended 31 December AccouKnNG POUCIES Bas18 of preparlng flnanclal statements The financial statements of the charity. which is a wblic benefft entity und8r FRS 102. have bn prepared in accordance with the Charities SORP (FRS 102) 'A0UntIng and Reporting by Chaiities: Statement of Recommended Pra1 applicable to CharlS weparing their ac(yJunts in aX)rdar with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effedive 1 January 2019),, Financial Reporting Standatd 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The finan(aal statements have been prepared under the histor11 cost (x)nvention. Income All ino)me is recognised in the Statement of Financial Activib (xTr charity has entiilem8nt to th8 funds, it is probable that the income will be re1Ved and the amwnt on be measured refbty. Expendire Liabilities are recognised as experKliiure as soon as there is a legal or corthidrrfe obligatKin committing the tharity to that expendilure, it is probable that a transfer of ecxxMTh beneffts will be required in settlement and the amounl of the obligan be measured retiabty. Expenditure is a(x£rtJnted for on an acJJuals basis and has been dassified under headings that aggregate all (xist related to the category. Vthere costs cannot be directy attributed to particular headtngs they have been alktsted to activ1b on a basis consistent ryth the use of resources. Grants offerj subje( to cxJrKlilis which have not been met at the year erKI date are noted as a commitment but not accnEd as expenditure. Tanglble fixed assots Depreciation is probided at the following annual rates in order lo write off each asset over its estimated useful life. Plant & machirw . 25% on reducing balance basis Fixiures & fittings '. 250h reducang balan basis Computer . 250A on reduang balance basis Motor vehide: 25% on reducing balance basis Taxatlon The charity is exempt from tsx on ts dritable acalvis. Fund accounting Unreststhd funds (xn be used in accordan with tr tharitable 0tr4ectives at Ihe disuetion of the trustees. Restr[{d funds can only be used for particular restri¢Xed purFM)ses within the Ob$ of the ctsity. Restrictions arise when speofied by the donor or Wh funds are raised for particAJlar restri puryx)ses. Further explanation of tt nature and purpose of ead) fund is included in the notes to the finaniiaj statements. The charity operates a defined ContribuilL pension s(Eme. Contribulions payable lo the charitys pensDn 8dme are (orged lo the Statement of Finanoal AclIvi in the piCj lo whith tty relate. Page 6 Continued...
PILGRIM CHRISTIAN Notes to tbe Financial ents- continued for the Year Ended 31 Decem 2024 INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 787 TRUSTEES. REMUNERATION AND BENEFrrs 31.12.24 31.12.23 Trustees, salaries Trustees, pensions paKI 12,000 360 12.000 12,360 12.360 There were rK) trustees. expenses paid for the year ended 31 De(xMtr 2024 nor for the year ended 31 December 2023. STAFF COSTS The average monthly number of employees during ts year was as folkYs." 31.12.24 31.12.23 Staff No employees red emoluments in excess of £60.IJX). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted fimds INCOME AND ENDOWMENTS FROM Donations arKI Iwies 83.314 Investrnent inujme 543 Total 83,857 EXPENDITURE ON Charltsble activities Church activibes Support costs 58.019 19.008 Total 77,027 NET INCOME RECONCIUATION OF FUNDS Total funds brought forward 65.926 TOTAL FUNDS CARRIED FORWARD 72,756 Page 7 continue(L..
to Financial tatements. continued Ended 31 December 2024 TANGIBLE FIXED ASSErs Plant and machinery and Motor vehicles Computer equipment Totals COST At 1 January 2024 Additions 2.423 735 6288 5.160 1.792 15,663 735 At 31 Decanber 2024 3.158 6,288 5,160 1,792 16,398 DEPRECIATION At 1 January 2024 Charge for year 1.931 307 6214 19 4.471 172 957 13,573 707 Al 31 December 2024 2,238 6233 4.643 1,186 14.280 NET BOOK VALUE At 31 Decembar 2024 517 628 2,118 At 31 Decemb8r 2023 492 74 835 CREDrroRS: AMOUNTS FALUNG DUE ThIN ONE YEAR 31.12.24 31.1223 Taxalion and social security (958} 5.657 4,508 4,699 MOVEMEpif IN FUNDS Net movement in funds At 31.1224 At 1.124 Unrestrfcted funds General fund 72,756 6,537 79,293 TOTAL FUNDS 72,756 6,537 79,293 Net movement in funds. indLKled in the above are as follm: Incoming Movement in funds expended Unrestricted funds Genwal fund 77.510 (70.973) 6,537 TOTAL FUNDS 77,510 (70.973) 6,537 Page 8 continueiL..
RIM CHRISTIAN CENThE Notes to the Financial Statements- contln the Year End ber 2024 MOVEMENT IN FUNDS . conllnued C(xnparntives for movement In funts Net movement in fimds At 31.12.23 At 1.123 Unrestricted funds General fund 72,756 TOTAL FUNDS 72.756 Comparative net movement in funds, induded in the atM)ve are as foHows: Incoming Resources expended Movement in funds Unrestrlcted funds General fund 83.857 (77,027) TOTAL FUNDS 83.857 (77,027) 6.830 A currant year 12 MlIhS and prior year 12 months (rxnbined posth is as folkms: Net movement in funds At 31.12.24 At 1.123 Unrestrlctad funds General fund 13,367 79.293 TOTAL FUNDS 13,367 79,293 A current year 12 months arKI prior year 12 months )knIned net movement In funds, induded in the above are as foll¢yNs: Movement expended Unrestricted funds General fijnd 161.367 (148,OCX)) 13.367 TOTAL FUNDS 161.367 (148.OCK)) 13,367 Page 9 continueAI..
Notes to the Finan tatements- continued for the Year Ended 31 Decemb 2024 RELATED PARTY DISCLOSURES There were no related party transadicffts for the yw ended 31 December 2024. Page IO
CENTRE Detailed Statement of Financial A vities forth ear Ended 31 December 2024 31.12.24 31.1223 INCOME AND ENDOWMENTS Donatlons and lagacl88 Donations 78,723 83,314 Investsnent Income Depostt account interest 787 Total Incomlng re80ur¢es 77,510 83.857 EXPENDITURE Charitable activities Trustees, salari8s Trustees, pensions pakj Wages Speakers Missionary support Grants to individuals 12,( 12.000 360 16.200 500 28.459 16.21)0 19,479 50,539 58,019 Support Costs Management Rent Printing, postage & statityry Other church costs Motor expenses Travelling Subscription Compuier cost Repairs & renwals Plant and machinery Fixtu$ arKI ffttings Motor vehtdes Computer equipment 2.130 253 4.124 2.887 5.667 1.671 6.110 5.286 372 1,619 1.392 307 19 172 175 25 230 278 19.570 17.851 Flnance Bank tharges 101 Accwntancy and legal fees 1,056 Total resources expended 70.973 T7,027 Net Income 6,537 6,830 This page does not fomi part of th¢ stattrtory fllwjcial statements Pagell