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
* Revd Varghese MaEap] Lukose Muthalaly
Ft David Cain
(Resigned 19 September 2024)
(Resigned 12 March 2024)
(Resigtied 5 March 2024)
* Foundation Trustee # Additional TDJstee + Appointed Ttustee (see page 3 for fi￿her inforniation)
Compatty registered number
5657062
Charity registered number
1114686
Company Sectetary
Mr5 Maureen Hebblewhite
Registered Offiee
St l)hilip's I Iouse
14 Stoughton Drive North
I£icester
IF.5 SUB
Independent Examiner
Jordan Dennis
TC Group
Hamilton Office Park
31 High View Close
Leicestet
LE4 9LJ
Bank
The Cooperntive Bank
PO Box 200, Delf House
Southway
Skelmersdale. Lancs
VN8 6GH

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