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← St Philip's Centre

2024-12-31-accounts

Registeted No. 5657062 Registered Charity No. 1114686 ST PHILIP'S CENTRE LTD (A Company Limited by Guatantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ST PHIIJP'S CENTRE LTD Report of the Trustees and Directot8 for the year ended 31 Decembet 2024 CONfENTS Page Trnstees, Officers 2nd Advisers Trustees, Report Independent Examiner's Report Statement of Financial Activities io Balance Sheet li Cash Flow Statement 12 Notes to the Financial Statements 13-28

ST PHILIP'S CENTRE LTD Refetence aod Adminlstrative Details of the Chatltyy Its Trustees and Advisets for the year ended 31 Decembet 2024 Tzustees, Officets and Advisers Ttustees and DAtectot8 The Trustees are also ditectots of St Philip's Centre Limited for the PULpose of company law. Professor Robert A￿'son (Chair) Revd Jonathan Sutridge Revd Lesley Moseley Mrs F.mma Tapl Revd Istad Selvanaya + Ms Jane Patkinson + Mrs Jayne French + Mrs Omobola Olugbenga

Revd Mark Burleigh

ST PHIUP'S CENTRE LTD Report of the Trustees and Direcrois for the year ended 31 Decembet 2024 The Ttustees (who are also directors of the chatAty for the purposes of the Companies Act) present their Trustees, Report together with the finanual statements of St Philip's Centre Ltd (the Ch￿￿ty) for the year ended 31 December 2024. The Tnjstees confitm that the Trustees, Report and financi21 statements of the company comply with cuttent statutory requirements, the rcquitcmcnts" of thc company's governing documLnt and the pro￿￿10nS of the Statement of Recommended Practice a2nu2ry 2019), applicable to charitics prepating theit accounts in accordance with the Financlal Reporting Standard applicable in the UK 2nd Republic of Ireland (FRS 102) (effective Jattuary 2019). Establishment and Objectives The company was incotporated on 16 Decembet 2005 and registered as a charlty with the Chatity Commission on 15 June 2006. The ch3tity commcnced it5 activities on l January 2(K)6. Its objeciiYe5 ate to advance education and general charitable purposes for the public benefit by. l. Equipping Christians and othets to live and wotk in 2 multi-faith society. 2. Providing opportunities to reflect on Chtistian mission, presence, eng2gemenL dthlogue and evangelism within a multi faith world 3. Offering consultancy and training setvices to enable people and communitses in Leicester and beyond to Itve togethet in hartnony. 4. Shating regonally, nationally and internationally the expetience and experuse gained froÉD the objects in 1, 2 and 3 2bove. These four objectives of the Charity were crystallised in 2007 into two main Aims foi the putposes of the Business Plan.. Aim I: To deliver training to Christians, lay and ordained, to enable them to live confidendy in 2 multi-faith society and engage. within their various contexts, in dialogu4 mission and contribuiitig to the common good" and Aim 2: '1'o deliver training and consultancy to publtc and private sector organisations. and to those of other faiths, to enable them to develop faith awateness and to understand the role of faiths in society. In 2015 thc Trnstces discussed the objectives and felt they remained fit for purpose and needed no change. Sttucture, Governance and Management St Philip's Centre LtcL a company limited by guarante4 is govemed by its Memorandum and Artides of Association. It is a teglstered charity (No. 1114686) and its members agtee to contrlbute £1 each in the event of the company being wound up. Membership of the Centre is testricted to organisations willing And able to assent to the objectives of the organisation and able to offer a sufficient stake in its operation. There are currendy 6 member organisations.

ST PHILIP'S CENTRE LTD Report of the TTustee8 and Directots fot the year ended 31 December 2024 The Founder Members of the Centre are: the Diocese of Leicestet the Patochi21 Church Council of St Philip's, Evington the East Mid1211ds Synod of the United Reformed Church the Northampton (fom]erly Oxford & Leicester) District of the Methodist Church the Roman Catholic Diocese of Nottinghzm There is at present one Additional Member as follows: the Baptist Union of Great Britain The Truste&8 of the Centte must all be confirmed in office by vote at the Annual General Meeting and the ttotmal tettn of office is 4 years. The Tnistees may also appoint up to 5 further Trustees to add expettise to the Board. Nvx Trustees are inducted and trained by the Chair of Trustees and the Centre Director. The Trnstees cuttendy meet five times pet year and 2re supported by a Trustee-led Finance Committee. Day-to-day management of the Centre is delegated to the Centre Director. The Trustees have had regard fo the Charity Commission's guidance on public benefit, including the guidance on advancement OE rel1￿.0n. Pubhc benefit is demonstrated most clearly in the courses 2nd wide-ranging programme tnade freely 2v2i12ble, as well as in the Centre's pron)inent role in community engagement both in Itice5ter and beyond. In 2024, Centre staff continued to play a significant role in public events and in addressing community cohesion issues, most notably in relation to the Government Inquiry into the East Leicester disotdet and subsequent fallout in August and September 2022. The Trustees held an aw2y d2y on Wednesday 25th Septembet, discussing with staff the opportunities l￿d challenges facing different ispects of the Centre's work. The Trustees received regulat reports from the Centre Ditector on the Centre's work and attended some of the activiues that the Centre conducted. The Trustees have assessed the risks to which the charity is exposed and have taken steps to mitigate them. Cuzrendy, the tnajot tisks indude the non-renewal, or reduction, of significant grants, and risks to the Centre's pubhc reput2ti0n. The Centre's Achievements The Trustees ate pleased to report that during the year, in pursuance of its charitable aims, the Centre has delivered a Nfvide range of activities, courses, servAces and engagements. Our strapline as an oyanisation is that in a world that is divided in so many ways, we believe we can learn to 'hve well togethee. We use four criteria to assess our work: enm¥Aleri between those who are differenL deveEopitig MnderKl&nding about those differences. fomiing reE2tionships ol frxstbetween people and enabling them to ¢voPerale with each other for their own benefit and the good of soaety 2t12rge. 2024 saw some changes in staffing., Ben Smith (Ptevent coordinAtor), Ruth Sinhal (Linking projects cootdinator) and James Blackhall (Churches ttaining officer) 2ll moved on to 2 new challenge. We welcomed CathrJY] Piwsons as Cliurches ttraining officer. L£arning to Ixve well ¢ogethet Learning to live well together is central to every activity the Centre conducts. We do not limit learning to what takes place in fornial settings but recognise that people learn in different ways.

ST PHILIP'S CENTRE LTD Report of the Trn8tee8 and Ditectors for the yeat ended 31 December 2024 The Centre tecekved grants to continue tunning leadership devdopment courses under the theme of RISE (which st2nds for Reslliency, Int￿faith, Skills and Employability) which estab￿sheS twst between college students OE difFerent faiths as well as tt2ining them in leadership. Encountet Much of the Centre's work is in facilitating first encounters Thith people of all faiths 2nd no faith. We completed our five-year grant from the Methodist Connexion, as part of out 'Confidcnt Christianit project Engagement with those of othet rL]igiuus communities take many different forms. Dutitig the project, we have comfortably exceeded all our targets Eor engagement with different types of evLnt5. Over the five years of the grant.. Our target for general events was 1900 people- WL reached 3.022. Our tatgct lor our Abrahamic group was 125 people- we reached 227. Our tatget fot Hindu-christian conversation was 80 people - we reached 246. Our target for Sikh-chtistian conversation was 80 people- we reached 208. We saw particu12r successes with: Setles that built over time - such as Reading with Rabbis or sessions on the seed verses OE the Gita, ot pxophets in the Abrahamic ttaditions. We also ran a popular series of visits to local places of worship. One-off events well-known people. For example. an event on the connections between Sikhs 2nd churches in the UK where A popular Sikh histotian spoke. Partnership working, leading to annual engagements, Eot example Methodist Women in BntaAn and Thith the Queen's Foundauon. Duting 2024, our educauon departmetst saw a significant increase in participant numbers, engaging with 9,277 children and 732 adults. The number OF Roadshows h2ve increased after the BBC East Midlands coverage on TV and radio. In the whole of the 2023-2024 academic year we delivered 10 Roadshows, in the first temi alone of 202Ék2i we delivered 7 Roidshows. We ran 7 training days fot a total of 124 Leicestershire Police new teC￿ltS, fout wotkforce development programmes for Leicestetshire Fire and Rescue Service for 41 new fitefighters 2nd I day Fot 18 Leicestetshire County Councll colleagues to enable participants to better understand the diverse communities they serve. A breakthrough this year was our connections with NHS bodies. We rAn two training days for Leicestet, IkiCeStLrsh￿e & Rudand Patient CAre Locally for 6 st2Ef and one full day for the Integrated Care Board for I.eicester. LeicestLrshire & Rutland National Health SLrvice gCBIIJi) for 19 staff. The fl2gship C.ARE Silvct Prevent training coutre ran three times over the year which was complemented by two CARE Gold Prevent training progr2mmcs. A new addition to our content was provided bTr' Dr. Gareth Harris - 2 leading expert on cxtrLme nationalist ideologies. Undetstaftd We tin traini1￿ for Anglican ordininds based at St Me]IittE8 and fot Methodists 2nd Ang]icans training at the Queen's Foundxtion. We provided advice and support on intet£aith matters for church groups. hdping them to uttderstand their context better. We ptovided ttainin& infotmation or support to 2 wide range of bodies inclu&'ng the Ministry of Housing. Communities and Local Government, Home Office, De Montfort Univct5ity. Gateway College, Leicester College, WQE College, Leicescershire County Cricket Club, Leicestershire County CouncAI, L£Acestershire Police and the Univetsity OF Leicester. We received a second grant £rom The National Lottery Heritage Fund, to an oral history project "Memories OF Livsng Well Togethet." Over the liFetime OF this project, we ￿ryll interview 100 Leicester residents 2nd produce exhibitions in LEicester Museum and l£icester C2thedr%L

ST PHILIP'S CENTRE LTD Report of the TtU8tee8 and Directots fot the year ended 31 December 2024 Trust The Centre's work in delivering the Prevent strategy iti Leicester and Leicestershire continued to be held in h￿h regard both nationally 2nd internationally. For operational and reasons of nztional consistency, out contract with the Home Office ended on 31st March 2024. In our time dclivering the Prevent infrastrncture support in Leicester, we managed a thverse rangc of projects which were set to delivet inst the Counter Terrorism LA)cal Profile which is cotnpiled by Leicestershire Ilolice. The end of our involvement dosed 2 I2-YL￿ relationship between St Philips Centre, the Home Office and Leicestet City Council over the employment of the LeicestL"r Prevent Coordinator ind associated tol&s. The Prevent Steering Group thanked thc C.entre for its contribution and the smooth handovet of roles. However, the Centre continues to 5UPPOrt the Prevent agenda through the provision of eng2gement acuvities. Coopetate The Centre continued as the Near Neighbours hub fnt Leicester. This Th￿cLG fimded progtamme, which is administered through the Chutch Urban Fun(L enables local community groups to cooperate together fot the transfonnation of theit neighbourhooLI Work temaitied challengmg in 2024: we completed work in Match 2024 and then did not receive confimiation of fiuiding renewal until November 2024, although work commenced in September. Near Ndghbours also hosted an event to mark International Ivomen's Day and delivered capacity building and personal devdopment sessions. We began a new and exciting NHS project tided #WhatYouS2ying which was funded by the ICB LI]I. This consisted of a serles of focus group5 across ILR to hear from children and young people about their experiences of health services. From the numerous comn)issioned services, SPC achieved the highest numbet of 82 verifiable focus group surveys out of a total 01355. This represented nearly l in 4 of the commissioned setvice replkes (23 /0). In addition, we held large scale events in schools/ colleges where students were encolwed to complete the survey onh'ne in c12ss indepettdendy. This period represented the busiest in tern]s of en￿gIng with young people. The depth of the etygement was patticularly strong since a combination of our NHS focus groups, Ptevent sessions and NeAr Neighbours en￿gements. provided us with immense Insights into the VAews, experietkces and opinions 0£ over 200 childten and young people on a tange of matters from healthcare to identity to integtation. We continued out funded project to develop the safeguarding capacity of faith-based organisations in ILicester and Leicestershire, dth'vetitig bespokc safcguatding training in collabotation with pattners including IEicester City Football Club, the University of Leice5tex. and the REIGN Collective. The Centre played an 2ctivL" part in the civic and cottttnunity lif4 induding in the Bishop of Leicestefs Faith Leaders b'omm. Nationally, highlghts include nut Deputy Director's ternis scrving HM the King's Public Services Honours Committee conduding thi8 year and beginning a new role as a Trustee of thc Woolf Institutc in C.2mbtid Public Benefit Activities Thc Ccntrc also ran 8ever21 public benefit activities, notably free lectures and events on topics related to Ilved relwon and belief and we supported a Holiday AJivities & Food (HAF) camp before Chtisttnas run by the I￿ICester Tigers Foundation wliete we coordinated the distribution of food Supplies to vulnetable people need across Llli using the services of multi-faith foodbanks and places of wotship. Risk Despite its achievements 2nd the steady growth in demand for its services, the Centre and its Trustees continued to pay careful attention to managing risk. Future challenges indude maintaining clear priorities, providing more adequate facilitie5 for the Centre's expanding work. Strengthening the Centre's

ST PHILIP'S CENTRE LTD Report of the Trnstees and Directors for the year ended 31 December 2024 ecumenical telations and its church-faang work. manoging public Eundjng cutbacks and maintsinittg a sustainable fi]nding b2se. Financial Review The Centre continued to operate throughout the year on 2 frn financial basis, the principal sources of income Funding from Mcmber Otganisations: This induded, From the Diocese of Leicester. donations in kAnd to cover some OF the costs of the CcntrL"'s Director and the rent oFthe Centre pretnises. A grnnt ftt)m thc Northampton District of the ML"thodAst Chutch was also received. Income from vatious coutses run by the Centrc. Gtants 2nd Donations, usually aimed at quite specific outcomes. Church Utbzn Fun(L This represents the V￿louS grants received in rclation to the Ne2r Neighbours programme. The Trnstees continued to revivAr the balance of the fimding Streams. Total Incoming Resources Eot the year amounted to £453,250 compared to £564,216 in 2023. The Trustees wish to record theit gratitude to all donors and the support for the Centre which theAr contrlbutions represent. The tn2joriry of the Centre's expenditt]re w2S to be found, once more, within Staff Costs, both ditect 2nd in-kind, and Consultincy Costs. The figure of £276,317 (2023: £335,126) represented 71 /0 (2023: 590/0) of the Centre's tot21 costs. Direct Costs associated with SeNice Deliversr of Courses amounted to £74,936 (2023: £185,157), Premises Expenditute was £16,776 (2023: £15.600), Office Expenses £6,207 (2023: £9,883) and Other Expenditure £1 1,987 (2023: £18,975). The net result for the yeat was 2 Sutplus OF £67,027 (2023 - deficit £525). It must be recogntsed that severdl grants h2ve been received in 2024, and a latge proportion of their 2SSOCi2ted costs will be incurred in 2025 2nd 2026. Over £85,000 of costs will be incurred in 2025 in respect of funding received in 2024. The Cash and Batik Ba1￿CeS at 31 December 2024 have increased Erom £452,211 to £503.053, an increase of £50.842. 'Ihe Centre's Tot21 Reservcs at 31 December 2024 wcre £532,882 of v/hich £125.582 was represented by Restricted bunds. This meant that £407,300 was available for unrestricted use by the Trustees. 'Ihe unrestricted fimds include funds designatcd for the following putPUSLS.' Opetational £266,000 Premises Development & Communications and Technology £IO,O(K) Ongoing Ptoiects Pund £61(K)O The Operational Fund has been established to cover nine months of running costs, 2nd a contingency to allow for possible redundancy and project dosure expenses. The Premises Development & Commutiication5 and Technology Fund illows Eor the upgrade of St Philip's House and for the upgrade of technology systems. This Fund is expected to be used over the next five years.

ST PHILIP'S CENTRE LTD Report of the TtU8tees and Directots for the yeat ettded 31 Decembet 2024 state whethet applicable UK Accounting Standatds have been followed, subject to any materi21 depxrtures disdosed and explained in the finanaal statements. and prepare the f￿ancIal st2tements on the going concern basis unless it Is inappropriate to presume that the charitable company Thill continue in operation The Ttustees ate tespon8ible fot keeping adequate accounting tecords that ate sufficient to show and exp12in the charitable company's tr7Ansactions snd disclose teasonable accuricy at 2ny time the f￿anCIal position of the company and enable them to ensure that the flnancial statements comply with the Companies Act 2006. They ate also responsible Eor safeguarding the assets of the chatitable company and hence for dung reasonable steps for the prevention and detection of fraud and other irregu]an"ties. The Trustees ire responsible for the maintenance and integrtty of the Co￿0£2te and financial inforniation induded on the company's website. I£￿Slation in the Untted Kingdom governing the preparation and dissemination of the fthanci91 statements may diffet from legAslation in othet jutisdictions. Tnjstees The Trustees conftrm that: so as each Trustee is awate, thete is no relevant infom]ation OE which the chatitable compatky's accountsnt is unaware. and the Trustees have tsken all the steps that they ought to hive taken as Trnstees iti otder to make themselves alvate of any televant Inforn￿tion and to establish that the charitable company's accountants ate aware 0£ th%t infonnation. In prepating this report the Tnjstees have taken advantage oEthe small companies, exemptions provided by Section 415A of the Companies Act 2006. Signed on behalf of the Ttustees l£rJ . A(L(Q Jane Patkinson (Ttustee) Robert Allison (Trustee) 14 May 2025

ST PHIIIP'S CENTRE LTD Report of the Tru8tee8 and Ditectors for the yeat ended 31 December 2024 The Otsgoing Projects Fund will allow the Centre to continue funding 2 teseitch project to devdop a new 'community mapping, ptoject. This ye2r ￿ndS have also been set 2side to allow For expenditure for our 25th annivetsaLy in 2026 to ptomote the work of the Centre and to offer subsidies to schools fittther 2field. Futute Plan8 The most significant challenge the Centre faces in 2025 is to continue to adapt and develop our services in response to the cvcr-changing situatkon btought about by challenges locally, n3tionally and internationally. Demand for the Centre's work has, held up durAng 2024. We ￿ryll continue to develop our worK confident that the demand indicates the C.entre temains a going concern. We continue to divide out acttvities into seven work-strcams and plans for each one is oudined bclow. Chutch Paang.. continuL to wotk in close partnership WAth the Ang￿"Can Diocese of Leicestcr, alld the Northampton Ihstiict of the Methodist Chutch and work with congregations. tThini providers and other Christian gtoups to foster learning to ￿'ve well together. Education.. offet input For schools and colleges. with the expectation of incteasing volume of work as time progresses. We expand our operations geographically, especially in the East of England regon. Cotporite: respond continued demand from the police, fire 2nd rescL]e services. the NHS 2nd other public sector organisations for tr2ining and awareness raising sessions on a range of issues related to Eaith, belief and ethnicity. Community. continue to delivet opportunities for encountets that build relation5htps of trust 2nd understanding within and across communities. Offer public benefit support to areas of tension within and betsveen communities 2nd rectuit faith practitioners who can continue to expand our offet. We ￿ryll iemain a pl2ce of listenitjg, mediating and b212nce in the face of division and polatisation. Intern2tion21: wdcome any in-person visits from international groups that request them. Research: continue working on issues rdated to spirituil 2buse and safeguarding 0£ childten, young people and adults at risk of harni wxthin faith communities. This links in with our pubjic benefit work undet item Community above. Near Neighbours: continue to deIiver the Neat Neighbours progr2mme, in line with expectations set by the Ministry for Housing, Comtnuntties 2nd Local Government. Tru6tee8' Responsibilities 'I'he "frustees (who ate also dircctors of St Philip's Ccntre Ltd For the purposes of company law) are responsible for ptCP2ring the Trustees, Report and the financial ststements in accotdance vnth applicable law 2nd tegulations. Company LAW tequites the Tru5tccs to prepare financial statements for each financial year. Under that law the Trnstees hxve electcd to prepare the financial statements in accord%nce with United Kingdom Generally Accepted Accounttng Ptactice (United Kingdom Accounting Standatds and app]ic8ble law), including FILS 102 The Financi21 Reporting Standatd applicable in the UK and Republic of Irdand. Under company law the Trustees must not approvc the f￿anCIal ststements unless they ate satisfied that they give a true and faii view of the state of aftgjrs of the charit2ble company and of the incomitig resources 2nd app]icatiott of resources, including the income and expendittire, of the chatitable company for that period. In prepajing these fth2nciaL statements, the Trustees Ire requited to: select suitable accounting pob'cles and then apply them consistendy. observe the methods and principles in the Ch2tities SORP (FRS 102). make judgements accountsng estimates that are reasonable and prudent"

ST PHILIP'S CENfRE LTD Independent Examinees Report to the Trustees of St Philip's Centte Ltd Indepettdent examine£s teport to the trn$tee8 of St Philip's Centte Ltd ('fthe Company") I report to the chaiity trustees Dn my examination of the accounts OF the Company for the yeat ended 31 December 2024. Responslbilities and basis of report As the charity's trustees of the Company (and also its dirL'ctots fot the purposes of company law) you are tesponsible Fot the preparation of the accounts in accotdance with the requirements of the Companies Act 2006 ('the 2006 Jlcfj. .Iaving satis.Fied mysdf that the 2ccounts of the Compatty ate not requircd to be au&ted under Part 16 OE the 2006 Act and are eligible fot indepLndent examination, I teport tn respect of my exatnination OE yout charity's accounts as cartied out under section 145 of the Chatities Act 2011 ('the 2011 Act). In catryitig out my examination I have followed the Directions given by the Chatity Comtnission under section 145(5)(b) of the 2011 Act. Independent Examinets Statement Since yout chatity4s gross income exceeded £250,000 yout examiner must be a member of a listed ly)dy. I can confijm that I am qualified to undettake the examination because I am a member of the Instittite of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirn) that no mattets have come to my attention in connection with the examAnation giving me cause to believe: accounting records wcre not kept in respect of the Company as required by section 386 of the 2006 Act, ot thL accounts do not accord with those recotds" or the accounts do not comply with thc accounting requirements of section 31)6 01 thc 2006 Act other than any reqU￿ement that the accounts give a trne and Fair view which is not a mattet considered as patt of an indq)endent examination. or the accounts have not been prepared in accordance with thL methods and principles OF the Statemcnt of Recommended Practice for accounling and teporting by charities (applicable to chatitics pteparing their 2CCOUnts in accordance the FinanciAI Reportitig Standard applicable in the UK and Rcpub]ic 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 dtawn in this repott in order to enable a proper understanding of the iccounts to be tvdched. ennis ACA TC Group 31 High View aose H2rnilton OEfice Park L£Acester LE4 9LJ Date: 14 May 2025

ST PHILIP'S CENTRE LTD Statement of Financial Activities for the year end¢d 31 December 2024 2024 2024 Unrestricted Restricted funds fund8 2024 Total funds 2021 Total Fund8 Note Ittcome frotn Donations Investments Chatitsble activities 16,105 16,524 181,441 16,105 16,524 420,621 2,478 11,922 549,816 239,180 Total income 214,070 239,180 453,250 564216 Expenditure o R9iSAng funds Charitable 2ctivities 4,016 172,196 3,054 206,957 7,070 379,153 7.259 557.482 Total expeftditute 176,212 210,011 386,223 564,741 Net income befote transfers 37.858 29,169 67,027 (525) Transfer8 between funds Centre contribution to Ne￿ Neghbours 18 (379) 379 Net income and net tnovetnent in ￿ndS 37.479 29,548 67,027 (525) Ret2ined resoutces brought forward at l January 18/19 369,821 96,034 465,855 466,380 Resoutces carried forwatd at 31 Decembet 18/19 407 JOO 125,582 531882 465,855 All of the above results are derived ftom continuing activities. There were no recognised gains or losses othcr than those stated above. The notes on pages 13 to 28 forni part OF these financial statements. io

ST PHILIP>S CENTRE LTD Balattce Sheet at 31 December 2024 2024 2023 Note Fixed a88ets Tangible assets 13 3,734 Curtettt assets Debtots Cash at bank in hand 14 42,927 503,053 545,980 79,528 452211 531,739 Cteditors: amounts falling due within one year 16 (16,162) (69,618) Net cuttent a86ets 529,818 462,121 532,882 465,855 Represented by: Restricted fund8 UnrestrACted fijnds 18 125,582 407,300 96,034 369,821 19 532,882 465,855 Fot the financial year ended 31 December 2024, the company was entided to exemption under section 477 of the Companies Act 2006 relating to small compan£es. No members have required the company to obtain m audit of its accounts fot the year in question in acco£d2nce ith section 476 of the Companies Act 2006. The directors acknowledge theit tesponslbility for compliryng with the requitements of the Act WAth respect to accounting recotds and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, tegime. The ftt)ancial statements were approved by the Board of Ttustees on 14 May 2025 and were signed on its behalf Jane Patkin80 (Trustee) Robett Alliso (Trustee) Company Registration No. 5657062 Registered Charity No. 1114686 The note5 on pages 13 to 28 fotm part of these f￿an(la1 statements. 11

ST PHILIP'S CEwfRE LTD Cash Flow Statemettt at 31 December 2024 Statement of cash flows Note 2024 2023 Cash flows ftom opetating actAVitie8: Net cash used in operating activities 35,189 (27,122) Cash flow8 from inve8ting activities: Interest from ittvestments Purchase of equApment Net cash provided by investing activities 16,524 (871) 50,842 11,922 (4,140) (19,340) 13 Ch2nge in cash 2nd cash equivalents in the repotting period Cash 2nd cash equiv2tents at l January Cash and cash equivalents at 31 December iO,842 452.211 503,053 (19,340) 471,551 452,211 15 Reconciliation of net income to net cash flow ftom operating activities 2024 2023 Net income fot the reporting period (as per the statement of fmancial activitie8 67,027 (525) Adjustments for: Depreaation charge Interest from investmettts ncre2se)/Dectease in debtors Increase/(Decrease) in creditors Net cash used Ati opetating activities 13 1,541 (16,524) 36,601 (53,456) 35,189 2,305 (11,922) (21707) 5.727 (27,122) 14 16 Analysis of cash and cash equivalents 2024 2023 Cash in hand Notice deposits Total cash and cash equivalents 114 29 502,939 503,053 452,182 452211 15 The notes on pgges 13 to 28 form patt of the8e f￿anCial statements. 12

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the year ended 31 December 2024 Accounting policies Basis of preparation St Philip's Ccntre Ltd is an incotporxted charlty registered with the Challty CommissAon for England 2nd Wales. The financial statements have been prepared in accordance with the Statement ol Recommended Prnctice.. Accounting and Repotting by Charities preparing thcir accounts in accordance with the Finarkcial Reportiiig Standard applicable in the UK and RePUb￿C 0£ Ireland (FRS 102) (Effective January 2019) - (Charitics .SORI) (FRS 102}), the Financial Repoiting Standard apphcable in the United Kingdom and Republic OE Irdand (FRS 102) and the Companies Act 2006. The Trust constitutes a public benefit cntity as defined by FRS 102. Assets 2nd li2bAlities are ittAtially rccognised 2t historical c05t or transaction v21ue unless Otherwise ststcd in the televant accountiog policy. The Company's functional curtency is British Pounds SterIing (Q. The Company Is incotpozated in the UK company registered numbet 56i7062, chatity registered number 1114686. The registeted office is St Phtlip's House, 2A Stoughton Dtive North, Leicester, LE5 SUB. b) Company status The company is a company ]imited by guarantee. The members of the company are organisations rylling and able to assent to the objectives 0£ the Chatity. In the event of the company bei wound up. the liability in respect of the guarantee is limited to £1 per member of the company. Fund accounting General funds &te untestricted funds which are available fot use at the discretiots of the Trnstees in furtherance of the general objects of the company and which have not been de8Jgnated for other puTroses. Designated fijnds comprise untestricted ￿n& that have been set aside by the Trustees For particular purposes. The aim and use oEeach designated Eund is set out in the notes to the financial statements. Restricted funds ate ￿ndS which Are to be used in accordance with specific restrictions imposcd by the donots or which have been r2iscd by the company for patticular putposes. The costs OF raising and adtninistering such funds are charged a￿Inst thc specific 'Il)e aim and use of each restricted Eund ts set out in thL" notes to the ffftancial statement5. Income All income is recognised once the cotnpany has cntitiement to the income, it is ptobable that the income will be received, and the amount of income teceivable can be measured rdiably. Donations Donations are included in the Statement of Financial Activities in the yeat iti wkn'ch they are teceivable, which is when the charlty becomes entided to the tesoutce. 13

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the year ended 31 Decembet 2024 Accounting polxcies (continued) Grants receivable and gifts in kind Grants receiv2ble 2fL indudLd in the St2tement of Financial Activities when receivable. Grants, whcrc cntiticmcnt 15 not conditional on thc dclivcry OF a spcafic pLrlutmance by the charity, are recogni5ed when the chariry becomes unconditionally entitled to the grant, there is probability of teceipt and the amount can be measured with sufficient reli2bility. Donated 5crvlccs and facilities are included 2t the y￿Ue to the chatity where this can be quantified. A corresponding amount is then recognised in expenditure. Coutse income Income ftom the provision of coutses is recognised by the charity as It earns the ]ight to consideration by the ptovision of thc course. Investmertt income Income from investments is included in the Statement of Financial Activities in the yeat iti which it ts receivable. e) Expendithre xpendittire is tecognised once there is a legal or constructive obligation to make payment to a thitd party, it is probable that settlement wÈll be required and the amount of the obligation can be measuted reliably. All expenditure is 2ccounted for on ats accruals basis. All expenses induding support costs and governance costs 2re allocated to the apP￿.cable expenditure headings. Irrecoverable VAT is chatged against the expenditute heading for which it was incurred. Depteciatio Tangible fixed 2ssets are stated at cost less depteciauon. Depreciauon on tangible 2%sets is charged to ￿ry1te off the cost, less estimated residual value, over theit expected useRd lives at the following rates". Computer equipment Photocopier Fixture5, fittings 2nd equipment Augmented reality ptoject three years fivc ycat5 four yearq thrcc ycar5 g) Debtots Trade 2nd other debtors ate recogniscd at the scttlcment amount ifter any trade discount oElered. Prepayments are valued at the amount repgid net of any ttade discounts due. h) Cash at bank and in hand Cash at bank and in hand includes cash and short-tern] liquid investments held on deposit. Cteditors and PtOTrl8ion8 Creditors xnd provisions are recognised where rhe company has 2 present obIigation resulting from a past event Ihat will ptobably result in the ttansfer OE futsds to a third patty and the amount due to settle the obli￿tiort can be measuted or estimated reliably. Creditors and provisions are nottnally recognised at their settlement amount after allowing for any trAde discounts due. 14

ST PHILIP'S CENTRE LTD Note8 to the Financial Ststements for the year ended 31 December 2024 Accounting policies (contitiued) i) Financial insttuments The Company only has financial assets and fm2ncial liabilities of 2 kind that qualify is basic instruments. Basic fin2ncial instruments arL' initially recognised at transaction value 2nd subsequently measured at their setdement valuc. k) Foreign currency Functional and ptesentational cuttency The Companls functional and piesentation21 currency is BrÉtis"h Pounds Ster]Jng (£). Transactions and balance8 Foteign currency transactions are translated into the ￿nctional cuttency using the spot exchange rates at the d2tes of the transactions. At each period end foreign currency monetw items ate trin51ated using the dosing rate. Non-monetary items measured at historical costs are translated using the exchange tate at the date of the transaction 2nd non-monet2ry items me2svred at fair value ate tneasured using the exchange rate when fair value was detern]ined. Pension8 The Company opetates 2 defined benefit pension scheme. The scheme is a multi-employer scheme where it is not possible, in the nomial course of events, to identify on a consistent and re2s0nable basis, the share of undetlying assets 2nd Jiabilities belonging to individual p2rticipating employets. Therefore, as required by FRS102, the Company accouttts for this scheme as if it were a defjned contribution scheme. The amount charged to the Statement 0£ Fin2naal Actiiryties represents contributions payable to the scheme in respect of the accounting period. CritAcal accounting estimates and ateas of judgement Estimates and judgetnents are continually evaluated and are based on histOriC21 experience and other factots, indUd￿g expectations of futurc event8 that are believed to be reasonable under the circumstanccs. CrÈtic212ccounting estimates and assumption5: The Company makes estimates 2nd assumptions concerning the fU￿re. The resulting 2ccounting estimates and assumptions TrTrill, by definition, sddom equal the related actual results. The estimates and assumption5 that have 2 significant tisk of causing a mateti21 adjustment to the carrying amounts of assets and ]iabilities wtthin the next fthimcial yeat ate discussed below. The atmual depreciition chatge for tangible flxed assets is sensitive to changes in the estlmated useful economic lives and tesidual vaEues of the assets. The use￿1 economic lives 2nd residual value8 ate reassessed annually. 15

ST PHILIP'S CENTRE LTD Note8 to the Financial Statements for the yeat ettded 31 December 2024 Donations Unrestricted Restticted funds nds 2024 2023 General donations 16,105 16,lOS 2,478 In 2023 all of the total income from donations, £2,478 was by w&y OE unrestricted funds. Investments Unrestricted Restticted fund8 funds 2024 2023 Bank interest 16,524 16,S24 11,922 In 2023, all of the total investinent income, £11,922 was by UFay of untestrACted funds. 16

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the year ended 31 December 2024 Charitable ActivAties Unte8trACted RestrÉcted funds futtds 2024 2023 G¢ants Gatfield Weston The Methodist Chutch Near Neighbour5 Chutch Urban Fund Home Olfice - Ptevent Methodist Connexion Grant NCB Bellefontaine Charitable Trust National Hcrit2ge Lottery Keswick Hall Ch3rity All Saints, Educatinn Tnist Porticu5 15,000 10,000 15,000 37,083 23,547 61.322 27,083 23,547 61J22 25.000 13.IN)9 264,180 18.000 1250 10,800 84,448 7,500 5.000 26,030 2,000 84,448 7,500 5,000 26,030 2,000 iO,O(M) 36,030 7,0(K) The Linking Netwotk l£ics & Rudand Community Foundation Leicestet Educauon Fund Rich2rd Bonney Literary Fund IEicestershi£e County Council Active Togethet UOL - Attenborough Arts Centre Sir Halley steW￿t Spaiding Trust Westhill Endowment M B Reckitt J R Cor2h boundation NHS Leicester Leicester Dioceszn Board of Finance Donations in kind Leicester Diocesan Boatd of Finance 3,0(M) LOOO Looo 1,900 7,000 4,800 1,550 1,550 4.880 I,cA)o 1.250 44,592 1,250 L250 47,192 47,192 29,673 29,673 31959 101,865 239.180 34L045 490,750 Course fees 79.576 79,576 59,066 181,441 239,180 420,621 549,816 In 2023, of the total income from charit2ble activities, £146,C)17 was by way of unrc.stricted funds and £403,199 was by OE testricted funds. 17

ST PHILIP'S CEWTRE LTD Notes to the Financial Statements for the yeat ended 31 December 2024 Raising Funds Un￿stillCted Restricted funds funds 2024 2023 Centre director Support costs 1.455 2,561 4,016 L862 L192 3,054 3J17 3,753 7,070 3.361 3,898 7,259 In 2023, of the total costs of raising ￿nds, £3.469 was from unrestricted funds and £3,790 was by way of restricted funds. Charitable Activities Unrestricted Restricted funds funds 2024 2023 Centre Director Lectuter & ￿tor fees Pension costs Consultants Course accommod2ti0n, resources & cateting costs 26,936 58248 2,601 34.439 8L135 3,623 18,085 18,023 61J75 139.383 62,173 189,569 8,198 26,754 54,965 18,085 47,562 29,539 Subsidies Website costs Other small projects Support costs 13,695 723 13,695 2,014 IL665 79,150 379,153 5,845 1319 122,028 85,631 557,482 1,291 11,665 25,569 206,957 53,581 172,196 In 2023, of the total costs of charitablc activities, £141,618 w%s from unrcstiicted funds and £415,864 was by way of testricted funds. Analysis of expendAture including allocation of support costs Activities undertaken directty Support costs Total Raising Eunds Chatitable activities 3,317 300,003 303,320 3,753 79,150 82,903 7,070 379,153 386223 18

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the year ended 31 Decembet 2024 8. Anatysis of support costs Unrestricted Restricted futtds funds 2024 2013 Salaries 2nd national insutance Pension Rent Audit fees Independent examiner's fee Other professAonal fees Depreciation Insurance Premises expenses Office expenses Staff training and recruitment 28245 1,415 7,682 14,719 738 1271 42,964 2,153 8,953 40,285 2,021 8,777 1320 407 2,776 312 193 iJii 1229 1,127 1433 L598 239 600 4.087 4,063 2.305 3,300 6,361 9,533 3,487 82,452 2J88 4,919 4,259 505 3￿15 7J52 5,857 744 52,908 24,858 77,766 Governance costs Centre director Salaties 2nd national insurance Pension Rent Audit fees Indepet￿ent examinerfs £ee Office expenses 728 725 931 377 19 33 L659 L102 55 1,680 1,033 52 438 471 462 3,500 1,019 481 62 L500 350 5,137 350 3234 1,903 7,077 56,142 26,761 82,903 89,529 9. Anaty818 of resoutce8 expended by expenditute type Other costs 2024 Staff costs 2024 Total 2024 Total 2023 Ratsing £unds C08ts of genetating fimds 5,631 5,631 L439 1,439 7,070 7,070 7259 7,259 Ch2titsble activities Governance 228.409 2,816 231225 145,607 2,321 147.928 374,016 5,137 379,153 550,405 7,077 557,482 Costs of charitable activities Tot2E expenditure 236,856 149J67 386,223 564,741 19

SY PHILIP'S CENTRE LTD Notes to the Financial Statements fot the year ended 31 December 2024 10. Auditoes remuneration The auth'tor's remuneration comprises audit fees OF £0 (2023 £5,400). Fees foi non-audit services amounted to £0 (2023 - £4201). 11. Staff costs 2024 2023 Staff costs during the year were As follows: W2ges and Sa￿leS Employer's National Insutance Pension 213,682 14,742 8,432 254201 19.000 10,271 236,856 283,472 In 2ddAtion to the above, the Leicester Diocesan Board of Finance donated the services of staff amounting to £19.483 (2023 - £22,969). ThL number of employees whose emplnyee benefit5 (excluding employer pension costs and employerfs national insutance) exceeded £60.000 was nil (2023 - nd). The average number of employees utilised by the charity during the year was 8 (2023 _ 9). 12. Trnstees, and key management personnel temuneration and expenses No Trustees, or person with a family or business connection with a Trustee, received remuneration iti the year, direcdy or indirectly> from the Charity. Duting the year one trnstee claimed travel expenses amounting to £383 (2023 - £511). Duting the yeat no retirement benefits were accruing to any Ttustees (2023 - £nil) in respect of defined benefit pension schemes. Key Management Personnel are deemed to be those having authority and responsibility delegated to them by the Trustees fot plat]ning, directitig and controlling Ihe activities of St Philip's Centre. Duiing 2024 they were.. Director Deputy Ditectot Finance Manager Office M2n2ger/Comp2ny Secretary Thomas Wilson Riaz Ravat Barbata Calms M2ureen Hebblewhite Remuneration, pensions and employer's national insurance for those 4 employees amounted to £183,388 (2023 - £183,690). 20

ST PHILIP'S CENfRE LTD Notes to the Financial Statements for the year ended 31 Decembet 2024 13. Tangible fixed assets Computer Fixture8, IAbtary Pmperty equipment fittings & books osts equipment Total Cost At l Januw 2024 Additions Disposals 24,739 871 47,856 6,500 45,661 124.756 871 (4,485) (829) (5,314) At 31 Decetnber 2024 21,125 47,027 6,500 45,661 120,313 Depreclation At l January 2024 Charge for the yeat Disposals 21,lJ)5 1,541 (4,485) 47,856 6,500 45,661 121,022 1,541 (5,314) (829) At 31 December 2024 18,061 47,027 6,500 45,661 117,249 Net book value At 31 December 2024 3,064 3,064 At 31 December 2023 3,734 3,734 14. Debtors 2024 2023 Trade debtors Acctued income Prepayments Other debton Grants receivable 9J78 7.652 2,702 4,088 19,107 54,693 4,930 2,410 817 16,678 42,927 79,528 21

ST PHIIJP'S CENTRE LTD Note8 to the Financial Statements fot the yeat ended 31 December 2024 15. Cash at batth in hand 2024 2023 Cuttent and deposit account Cash iti hand 501939 114 452,182 29 503,053 452,211 16. Cteditors: amounts fallittg due within one yea 2024 2023 Trade creditots Accnds Other cteditors and defetted income 1,626 2,720 IL816 47,206 6,550 15,862 16,162 69,618 Deferred income included in other creditors: Deferred income at l January 2024 Resources deferred during the year Amounts released from previous years 1,483 (1,483) Deferted income at 31 December 2024 Deferred income represents grant income received in advance. 17. AnalysiB of net assets between fimd8 Re8t¢icted Untesttieted funds funds 2024 Tangble fixed assets Current assets 580 125,002 2,484 420,978 (16,162) 3,064 545,980 (16,162) Creditors due within one year 125,582 407,31)0 532,882 22

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the year ended 31 December 2024 17. Analysis of net assets between funds (continued) Analysis of net 2ssets between ftu]ds - priot year Restricted Unrestricted funds funds 2023 Tangible fAxed &ssets Current assets Cteditors due within one yeat 2ll 95,823 3,511 435,916 (69,618) 3,734 53L739 (69,618) 96,034 369,821 465,855 18. Restricted funds At I Incoming January resources 2024 Outgoing ContrAbutio resources At31 Decembet 2024 Methodist Connexiott Prevent Adviset- preventing extremism Home Office - Prevent Ptojects Near Neighbouts Projects N C Bellefontgine - schools P & C Hickinbotham - schools All Saitits, Education Trust - schools Hocketill Educ2tion Foundation National Heritage Lottery L£kcester City Council _ Dementi2 The Methodist Church Keswick Hall - schools Ltics & Rudand Community Fund - Richatd Bonney Literary Fund UOL - Attenborough Arts Centre Schools Linking Porticus - CSE Project Sit Halley Stewart M B Reckitt 12,932 212 (12,932) (42,42 (19,10 (19,381) (2,633) (371) (10,631) (128) (14,020) (15,982) (10,270) (o) (1,000) 42,215 19,107 23,547 379 4,545 2,633 371 10,918 1,850 24 15,982 10,782 5,000 5287 L722 70,452 84,448 27,083 7,500 1,000 27,595 7,500 874 (874) (9,890) (40,035) (4,800) (3,480) (2,050) 7,890 22,486 4,800 3,480 800 i(K)o 26,030 8,481 NHS Leicestet 1,250 Total restrACted funds 96,034 239.180 (210,011) 379 125,582 23

ST PHILIP'S CENfRE LTD Notes to the Financial Statements for the yeat ended 31 December 2024 18. Restticted funds (continued) Ptevettt Adviset- preventing extremism This 6Jnding is received fonn the Home Office to employ a Prevent Officet to coordinate the Ptevent strategy in Leicestet and Lticestetshire, a Prevent Support Worker 2nd Communit), Engagement Initiatives. Neat Neighbours Projects This funding is used to coutdinate 2 progtamme of neAghbourhood community building in the Cities of Leicester and Nottitigham. The progtammc includes administrating a Small Grants Fund. Other restllctca funds ate provided by the donor with associated restrActions on use. An21ysis of testticted funds - ptiot year At I Incoming January tesoutces 2023 Outgoing tesources Contiibution At31 December 2023 Methodist Connexlon Prevent Adviset - pteventing extremism Near Neighbours Projects N C Bellefontaine - schools P & C Hickinbotham - schools All Saints, Education Trust- schools Hockerill Education Foundation The Methodist Church Leicester City Council - Demeniia Police & Clime Commisssonet Open Society Institute Iticestetshite County Council - Active Together Leicestershite County Council -shites Community Grant UOL- Jittenbotough Arts Centre National Heritage Lottery chools Linking Benelact'I 11,708 821 18,000 264,180 13,009 2.250 (16,776) (264.789) (13,172) (1,691) (195) (4,088) (150) (4,218) (9,018) (9,700) (9,982) (3,300) 12,932 212 147 16 2,074 566 2,633 371 10,918 1,850 10,782 LS,982 5,006 10,000 15,0(K) 25,0 9,700 9.982 1,400 1,900 3,(M)O (3,000) 7,000 10,800 11.000 (6,126) (24,276) (14.241) (3,370) (i,626) (20,986) 874 13,500 11.131 3.370 5,626 7,442 7.890 Dunhill Mcdical Ttust Porticus - CSE Ptoiect Sir Halley Stewart B Reckitt NIIS Leicestet Westhill Endowment spa1dll￿ Trnst 36,030 4.8(K) 4,880 1250 21486 4,800 3.480 800 (1,400) (450) (1,550) (1,550) 1,550 1,550 Total restticted ￿ftds 112,473 403,199 (419,654) 16 96,034 24

ST PHILIP'S CENTRE LTD Notes to the Financial Statements for the yeat ended 31 December 2024 19. Unrestricted funds At I Incoming Outgoing Ttansfers/ Jattuary resources te80Utce8 Contribution8 December 2024 2024 At31 Designated Funds Operational Premises Development & Communication Technology Ongoing Projects 283,000 (17,000) 266,000 10,000 62,(N)O 10,O(M) 92.01)0 (7,000} 37,(J)O 355,000 (7,000) 20.000 368,000 General Fund 14,821 214,070 (169,591) (20.000) 39JOO Total unrestticted ￿Thd8 369,821 214.070 (176,591) 407JOO Designated Funds The Operation*1 Fund has been established to cover nine months of rnnning costs, and a contingency to allow for possible redundancy and project dosute expenses. This increased From 6 to 9 months in 2023 because of the loss OF the Home Office fimditlg in 2024 and hope6Jlly vjill give us time to source other fundtng, The Premises Development & Communications and Technology Fund allows for the upgrade of St Philtp's House e.g. flooring and for the upgrade of technology systems. This Fund is expected to be used over the next five ye2rs. The Ongolng Projects Fund allows the Centre to continue work on 2 new community mapping projecL This year funds have been set aside to allow for expenditute for our 25th 2nnivetsary in 2026 to promote the work of the Centre and now also allows the Centre to offer subsidies to Eurthet afidd Schools. General Fund - This represents the free filnds of the chaLity which are not designated for particulat purposes. 25

ST PHIIJP'S CENTRE LTD Notes to the Financial Statements fot the yeat ettded 31 December 2024 19. Unrestricted futtds (continued) Untestricted funds - priot ycat At I Incoming Outgoing Tran8fer8/ At31 January ttsources resources contributions December 2023 2023 Designated funds Operational Premises Development & Comtnunication Technology Ongoing Projects 251,0(K) 32,000 283,0(KI 40,000 26.000 (30,0(M)) 36.000 10,000 62.000 317,000 38,UOO 355,000 General ￿nd 36,907 161,017 (145,103) (38,000) 14,821 Total untestricted fund8 353,907 161,017 (145,103) 369,821 20. Gifts in kind and donated setvices During the yexr the following gifts in kind and donated services were received from the Leicester Diocesan Board of Fin2nce: 2024 2023 Staff salaties Rent Insurxnce 19,483 9,424 766 22,969 9,239 751 29,673 32,959 21. Agency arrangements l£ice8ter City CouncAI receives 2 Gtant from the IIome Office fot Prevent Projects. This money is paid to the Charity who then pay the Project providers. Thi5 income and expendAMre is not shown An the accounts of the Charity. A total OE £74,245 (2023 - £143,590) was paid to the project providets An the yvat. 22. Control The charity is under the control OF the Trnstees. 26

ST PHILJP'S CEwfRE LTD Notes to the Financial Statements for the year ended 31 December 2024 23. Pen8Aon commitmettts Church Workers Pettsion Fund (CWPF) St l)hilip's CentrL Ltd participates in the Pension Buildet Scheme section of CDYPF for lay staff. CWPF is administered by the Church of England Pensions Boat(L which holds the CWIJF assets scpAtately from dkose ol the Employer and the other partiapating employers. CWPF has two sections: l. the Dcfined Benefits Scheme 2. the Pension Builder Scheme, thich has two subsections" 2 defetted annuity scction known as Pension Buildet Classic, 2nd, a cash balance 8ection knovm 2s I)ensiott Bullder 2014. Pension Builder Scheme Both sections of the Pension Buddet Scheme are classed as defined benefit schemes. Pension Buildet Classic ptovides 2 pension, accumulated from contributions paid 2nd converted into defetted annuity during employment based on terms set and teviewed by the Church of England Pensions Boatd from time to titne. Disttetionary increases may be adde4 depending on investment returns and other Eactors. Pension Buildet 2014 is a cash b212nce scheme that provides a lump sum which tnembets use to provide benefits at rettrement. Pension Contributions are recorded in an account for each member. Discretionary bonuses may be added befote retirement, depending on investmettt retutns 2nd othet Eactors. The accounL plus any bonuses declazed ts pxyable, unreduced, from age 65. There ts no sub-divlsion of assets between employers in each section of the Pension Builder Scheme. The scheme is consideted to be a multi-employer scheme as described in Section 28 OE FRS 102. This is because it AS not possible to attribute the Pension Builder Scheme's assets and Labilities to specific employers and means that contsibutions ate accounted for as if the Scheme w￿e a defined contribution scheme, The pensions costs charged to the Statement of Financi2E Acuvities in the year are colltrlbutions payable £7,721 (2023: 0,475). A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2022. or the Pension Builder Classic section, the valuation revealed a sU￿lUS of £34.8rn on the ongoitig ssumptions used. At thc most recent annual rcview effective l January 2025, the Board chose to grant a discretionary bonus of 6.7 /0 to both pensions not yct in payment and pcnsions in payment in tespect of setvice prAOt to Apnl 1997. and a bonus on pensions in payment in tespect ol post Apnl 2006 service so that the pcnsion increase was 2.7 /0 (where usually it would be calculated based on infiation up to 150/0 . ThAS followed improvements in the funding position over 2024. 'Iliere is no requitement for deficit payments at the current lime. The next valu2tion is due at 31 December 2025. For the Pension Bulldet 2014 section, the valuation tevealed a sutplus of £8.5m on tbe ongoing assutnptions used. There is no tequirement for defiat payments At the current time. The legal structute of the scheme is such that if another employet fatls, St Phi]ips Centre Ltd could become responsible fot paysng a share of the failed employerfs pension liabilities. 27

ST PHILIP'S CENTRE LTD Note8 to the Fittancial Statements for the year ended 31 December 2024 Othet PensAOll Commitments The charity also had penston commitments with other pension providers. The amounts paid into these other schemes and ch2rged to the Statement of Financial Activities during the yeat amounted to £711 (2023: £2,796). 24. Related patty transactions During the year the t£icester Diocesan Board of Finance (LDBF) donated services, facilities and ￿ndS to St Philip'5 Centre amounring to £29,673 (2023 - £32,959) and provided granrs of £47,192 (2023 - £44,592). Thomas Wllson is a member of the Diocesan Synod of the LDBF. During the year St Philips Centre donated £4,IM)0 (2023 - £4.000) to St Philips Church for the use of the Church. Jonathan Surridge, J%yne Ftench and Emma Tap]iti ate members of the St Philips Church PCC. 28