RegiBtered Nn. 5657062
Registered Cliatitj, No. 1114686
ST PHILIP'S CENTRE LTD
(A Company Limited b), Guaraiitee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DF.CF.MBF.R 2025

ST PHILIP'S CENTRE LTD
Report of the Ttugtee5 aftd D1￿CtOrs for the year elided 31 December 2025
CONTENTS
Page
Tru5tecs, OFticet5 and tsldirisers
'rnistees' Report
Indepeiident Examiner's Report
Statement of Fiiian£iql Actsviues
Balince Sheet
10
Cish Floiv St21 teineiit
Notes to the Fintiiciil Stiteineiits
12-27

ST PHILIP'S CENTRE LTD
Reference And Admittt8¢raltve Detai18 01 the ChatLty, its Ttustees and AdvisetB fot the )rear
ended 31 December 2025
Tru8tees, Officet8 and Advi8er8
Tru8tee8 and Director8
The Twstee% Hye also ditecrots of St Philip's Cenu'e Litnired Eoi tlie purpose of compan}, law.
Professor Robert Alltson (Cliaitl
Reird Lesles, hloseles,
Mts E4 niilla TapLitt
Rffi.d Al1dL￿v F2ri'Angton
+ fvls Jane p￿k1'Jisoll
+ Nlts J1?)￿e Freiich
# Ra.d h.IArk Biirleigh
Reird Vargliese fvlalR}pjl I,uko$e hluthftlHII'
-1 DaiTid CR111
(Appoiiited 4 MArcli 2025 Ilcsigned 17 Jijne 2025)
* boiindl& ti￿1 T￿llStee # AdditionAI TEiistee + Appoijited T￿ste£ Isce pllge 3 foL furilier inforiiiation
Cojnpany Tegistered Aiiimber
5657062
Ch#rtty regi8tettd Thumbei
1114686
Company Secretary
frs Barbata Caiins
(Appointed 23 June 2025)
Registered Office
St PlIElip's Hi)11se
2A Stoughtoti Diiire Nortl)
Leicestet
J.F.5 SUB
Ixhdependeiit Examiner
Jordan DeJii)is
TC Groiiii
42111iltoJi Office PArk
11 Higli Ilieiv C108e
Lcicestcr
LE4 9LJ
Bank
Thc Cooperatss'e Batik
PO Box 200, DelE House
Soutl)w2}'
Skelmetsd1< le, Lancs
VN8 6GH

r PHILIP'S CENTRE LTD
Repoit of tlie Trustee6 and Directors fot the year ended 31 December 2025
I'he Trnstce5 (who <lre also director& OF tlie cli?rity, for tlie putpose8 ofthe Compinies Act) pteseiit tlieir
TLustees' Repr)rt togetliev iiritli tlie Iinai)cial 5tiltemeiits of St Pliibp's Centre Lrd (Ilie Ch%tiry') for the
}yeAi ended 31 Decejiibci 2025. Tlie Tiiistee% coiif%rin tliftt tliE Ttiistee5' Repott Rnd fin?¢ ncial qtlteinents
of the compijis, coini)l}T M?Ith culreiit $ttitutO4' Eeqtjirements, tlie teqiitLtmeiits of tlie compiiiiys
goverrtsng dvcuiveiit i2iid tlie provisions OF die Statement ()f Recojiimended Pr2cticc 014 Iiiia4, 2019).
?pi)Iscible to ch&ifitie& prepArit]g tlieir aCCOiinL% in i¢corditLce ivitli tlic Fittaiicid21 Reportiiig Staiid2t rd
2pplicable in tl)e UIC Ilepublic of Ileland (FRS 102) lefftctii'e j14n￿lI1], 2019}.
E8tablishi)ieni and Objectives
The coinpxny ivas llicoxporitcd on 16 December 2005 aiid r£￿st￿red 2$ a rhatstyr iwtli tlie Cli2riti'
Coiniiii5sion on 15 June 21M)6. T]ie charit)r commenced its ictiirlties on l Jatliiat), 2006.
Its objectives 1lt to Ace ediicAUOii ond gener%1 clJf¢rital)le PLirposes foi the pub]ic benecit b)".
l. Equipijing Christi&l2lS Aiicl otlierg to lii'e and work i niiiltt-fiitli society,.
2. 1)rosriditig opporttinityes ro reflect on Christsi11 11]iS5ion. presence, engageinejit, di2luyse aiid
eiT1rf ngelisiji wAthin i? mulu f14 Ith world.
3. Offetuig toiisiiltAii¢ir And trRiiiing seThrices to enible people cominiiiiities in Jtticebter ind bcirond
to lii'e togetlitr iii l)%tt110115'.
4. Sli&Trrii)g regiot1211ir Jiauotldi11)T and ititettiAiionall}' tlie experteiiee And experti5c gAined Erom the objecis
112 1, 2 ind 3 a60I'c.
These foul objecuves of the Cl)IritST ivere ctystsllised in 2007 iiito ￿10 mxiii Asiiis for tl)e purp05e5 01
the Biisiiie55 P114 n.,
Aiin l.. 'lo delii'ei triiiiiiig to Cliristii21)5, la}T Rl)d ordLTrintd, to et12ble theiii to lii'e cot)Fidetitl)r iti i
Inulu-faitl) societyp eJI￿ge, witliiii t11eir Tr"xiioiis coiitexts, it] di12logue, mis51011 111d cojitribiitijig to
the ctsiiiiiion good. aftd
Aiin 2: To delii'et tt'aiiiiiig nd cojisultl& IIC5' to piiblic and privite sectot org1nis1ti0tis, iiid to those
of odieL Eaitlis, to ejiable tl)Liii to d￿Te10P f?1 itli ietses5 2nd to iinderstAiid the role of E14 itlis iii
soeiety,.
I¥J 2015 the Trustce8 disuissed the objecui'es 111d felt dieiy reiiiaiiied lit foi piitP05e aiid needed i?0
cl)Allge.
StriTCtUEe Governance attd Managenient
St Philip's Centre l.td, a ¢oiMpiiii, limited b}, gliaraiitee, 15 gr)veined b)T Its Nlemornndum and Arucles of
Associition. It is a registered cliaLitI' (No. l 11468C)) &1nd its inembers Agree to coiitriknite £1 each in the
Li'ent of the conip#ns, beiiig llFound ui).
,leiiibersliip OE tlie Cenu'e is Lestricted to otgAIIiS2ti0ns ￿￿[11118 ind 2ble to ssent to die objective% OE
thp. orRani5atioii and able to offeL a sufficient stit kc ill its operauoii. Tliere te ciiiieiitl} 6 x)ieml)er
rgaiiisi& tioti%.

ST PHILIPIS CENTRE LTD
Report of tlke TtU8tees 4ttd Ditectors for the year ended 31 Decembet 2025
The Fout)dei Meinbero of the Cejitre ￿[e..
the Diocese oFLetcester
die I?￿rOC1]I11 Church Coiineil OE St PliiEip's, EITiiigtoii
the East NlidlAllds s}￿0d of the Uiiited Reformed Cl)urch
tlie Nottliamptoii IFormei45, O.Nford & Leicestei) Distt'ict of the hlethodi$t Churcli
the Romin Catho]ic Diocese OF Nottiiigliani
There is at present one AclditioiiAI Meinber As follo11￿..
the BIlPti5t Ui]ion of GLelt Bi'itaiii
Tlie Tiustecs of die Ceiitre inu5t ll be co11f￿niCd iii oFfice bi. Trrote it tl)e Annual Genexal Meeting and
tlie ntsn))11 teriii of office 1$ 4 Ireats. The 'fLiistees iiia}T also appoiiit ui) to 5 fuLtlier TIu5tees to idd
exi?ettsse to the BoArd.
Nei4T Triistees ue indiicred And trfiincd bs. thc Cliair oFTiustCC5 and the Ceiitt'e DAiector.
Tl)e Ti'ustees cui¥endir Ineet fiipe rime.% per }Te4L atid 8Le sui)POLted b}r o Trustee-led Finance Committee.
Das'_to-dair Illl¢ Él2geti)￿it OF tlic Cci)tLe is delegatcd to tlie Centre Directoi.
Tl)e TLltsiees l)alTe IIRd regaLd to the Cliarity, coinini551011's guid41Jice on piiblic beiielit, iiicluding tl)e
iiilaiice on i?dvaDcenient OF I'eli£inii. Piihlir. benefit is deninn8tri& tell iii()%tr clc2rl)i iii the coiit8es nd
vide-tatigAlX£ Ptogritniiie iijade Freel)T aiTliiable, ivell in tlie Ceiitre's proiniiieilt iolc iii coinmunit),
engageineiit botli iii Leicesttt aiid be)'ond. 111 2025, Centre sNFf coi)til)Lied to p111. a 8￿gnIfIcant role in
public ei'eiit5 Iiid iii 2ddLessii)g commiii)ityt cohesioii issues, PALUciil8LI)' tIILougli supportii)g tlic
Ititetciiltural City, project.
Tlie'J rustees held auvi, da)T on TIl￿rsda), Ildi Septembei. discussing ivith stsff the oppottutkities and
cli%lleiigc5 fRci118 diffcrcnt 1spects of tlie Cenire's ivoik. Tlie JnJstee$ receiiTed regill￿ repotrs froni the
Cei)tre Director on the CeiitL'e'8 ivork Ajid ¢qtteiided soine of tlie actii4ties tli?1 t tlie Ceiitre conducted.
Tlje Trustee.% haire assessed the tisks to iirliich tlie cliarit)i is eiposed tid lilli'e t2keii steps to mitigate
tliem. Ciirretid}T Ihe iiiajoi risks incliide the tTron-teneival, ot red￿Ctio1], oFsignificaiit grants, ai)d ri5k5 to
the Centre's pubLic iepiithuoii.
The CeiitEe s AchieiFemei)ts
'rhe 'l'tustees are plei18ed to repoLt that duiii)g the )Tear, in piii%uance OF its chiriLlble Aims, the Cenu'e
has delIv￿ed a iwde rxiige of ictiiTities, courses, seLVLce$ l￿d etjgageiiients.
Our straplÈJie ai) oigani514 tion is that iii a ivorld tliat As di5￿￿ded iii so nian}Y iiiA)Is. Ive belieiye ive cin
leirn ¢0 qilpe Mkell rogetlier,. Ive use foiir criteria to 1ssess our ivork.. eii4.oiiiileiJ. beThtTeeii tliose ivho are
diffeteiit. deirelopitTrg iipideiyiMnHiii% abolit tl)ose th"ffereiices' formiiig reliuoiiships of 1171$1 bernveeix people
And etiibling tl)em to iooP¢iYile lllith eRcli otl)eL Foi their oivii l)eiieFIt ftt]d tlie good of society d1t large.
2025 s?w some eliAt)ges iti stafftsig.. N,IAuittii Flebblewliite (CeiitL'e N.1211xger) Rnd Vii, Frowtt (Oixi
Flistor), ptoject) mnved on to new ch14 llenges. Ille iYel¢onied JAcgiii DeAii Is OElicc fvlai11ger.
Learnliig to live V4rell togethet
Leii ItiiI)g to lii'e ivell togetlier is centLiI to eiperyr aCulp￿ty, d)e Centre conclucts. Ixle do not limit leartiiiig
to Mihat tikes i)lftce in (orm81 settiiigs but reco￿]1$C thit pcople Icai(i in dtlferent IV1yS.

ST PHILIP'S CENTRE LTD
Repott of the Trustees and Directors for the }'ear ended 31 December 2025
Encountet
Itich OE tlie Ceiitt'e's iiiork is iii fxcilit2tiiig (￿$t cttcoiiIiters ivith people uf Faiths 211d religioiis
ijicluditig iio teligious be]ieFs Rnd Faith.
We coiiipleted the I￿st }PE11 r of oui fii'e-}'ear grfint Ftoni d)e Notthllinpt(In Disttlct OE the Methodist
church, en￿81118 540 people.
Ille Thn 2 5ucc258ful fir8t eiicoiinterb progLAni CAlled"Coiiie Dine" O)IL Sed on ￿ TV program witlj a skmilar
ndiiiie). Ol'e¥ 20 P<1ilb Inet for the fiLSt time.. 111411)}',
e stitl iti toucli ivith eacli othet.
OUL edLICAtioii depii runent sAiv i significintinCLease in geograplitcxl reacl) aijd steady Iiiiiiibers, tnygsiig
th 7,0813Toung people ii lid 676 adiilts. The RoAd%hoiv t￿M Nvorkcd in iieiv tveAs, notablsr Roth¢Lh11 lD,
El},, NorEolk and SufEolk.
Ve rati 10 trikiiing cli)T% Eoi a total DF 229 1.eicestersliire PolÈce iieiv tecLUIts 1iid i d411, stAFE of
LeicesteÉshiLe Coiiiity, C.ouJicil. I'he period ttlsu icsiilted iii somc firbts
ve an internieih'A¢e leirel
coiirse For 20 st¢1£f OF tlie NFIS Inteyated CRre BoTrE Ld uyl)ere wt txplurcd the inteipla}.- beNI'een reltgion
111d clilttiie. This W&lS 111 &1ddirion to lln iJitroducto4, di}. l)eld C41rbei in tlie }re11 foi 18 CDlleAgiiL'S fioin
the siiiie otEAtiis#tion. Ille kl40 I',iii % Trvliole da}T of tLaiiitt]g for 14 str*ff of the LeicesteiTliire & Rud2L lid
Cricket fniiiidit Uon
Understand
Once 1gaii), we iirere isked to ptOlT&de Pm'ent ]iteii2C)' tLiiJiiiig to SSL8r stattttori, ptvtners to iTLCCt dicir
PreiTeiit ob]iytions. Tl)e fl14 gsliip CARF, Sili"eL IlreTr'ent trRiniiig course Lan hvice over rlie }Te8r ivitli
4 ttcndces floni tlie piiblic and commiinity. Riid i'oluiitar}' sectol it) attetxdaiice. The l&nfiiicial year incliided
CARE Gold COLILseb £25 ivell,
VL lllso ri?n traiiiii)g for 160 Anglicati ordiiiknds bAsed n¢ St Meli(ttis.
In ad(h"ti011, we proiFided en￿gel￿t11ts ivliicl) iiicludtd trkiJ)iiig. iixfoLittAtion or SUPPULt to li uryde iAt]ge
of bodies iticludit)£ r)¥ fvIontFort U12ii'eLSlty,, E)Tres Nlonbell Club foL Yoiiiig People, Foieign &.
Commojiivexltli Office, G2tewA)' G.ollege, l.ei¢e8ter College, Leicestershire Coiinty Cticket Cliib,
l..eicestcrshiLe & Rutlqiid Cricket Foiiiidation, Tlic City OE Ltice.%ter College, h,tiili5try of H0115ing.
CotnmLillities & 5.QC14 l Goi'ernnient, LeicesteLshiie C.oun4' Councjl, Leicestetshire Police and the
UJiii'tlqlty' of l£tcester.
¥lc receii.ed coiitiiiiied siippurt ivitli oiir or21 li1st0￿, i)toject"hlemuiies of LÈiTing Ivell Togetlier,"
dianks to i grni)t froin The Nation21 l Lottet>' l-lerit41ge Fiijid, in(eivieKving 103 Leicestei resideiits. Ive
pxodiiced a SUITh￿715, book iiid in 2026 ivill prodiice exliibitions in LLiicestei Th,liiseiini at)d Letcester
C%diedr11.
Trust
Tht Centre rii n Thvo progr1& ins FocLJsed oil Conimiitiityt IntegLiition (OL Colii), olle for teenigeLS, the otli¥¥
for Adtslts Trvlio lii'ed iii E4}Tre4 fvloiisell. lyle it150 rtiii Eocus gloiips fot Leice*tershiLe iiid lILltliryiid Ciicket
oiiiid2ti011, wljicli eiigxged a bLoAd LAtige Df Soutli trlsif?ii commiinities to uiiderstAiid dieir leiTels of
&iireresr ind patUCIP.IUoii iii Ctickct. The vital work e111bled to coiinett AvAth siyiificxiit secuon* of
Lcicester'5 ft2itli coJntiiuiiitie8.
Cooperate
ThL Cetttre contsiiiif d as the Ne1r Neighbours hob fox LEicester. I'his hlllCLG Euiided piy)gThii]me,
Ivhicl) is 41dministered tlirougli die Cl)iitch Urbttn Fiind, eni¢ ble5 lo)c11 commiiiiit), groiips to caoi)erAte
tr)gether for tlie tr411)sforination rjf their neiglibourhood. Ivork ien)8ined ¢hAllenging in 2025. IVL.
completcd ivork in fv1I2rcli 2025 1I1d tlieii did i)vt Eecesire Colig￿ni9￿￿olTr of fiiLiding len￿lIa1 iintil
Noi'ember 2025, Ilthough wurk commenced in SepttInber. Neigl)bouts ￿ls0 hosred Ati eiient to
mxtk Interni1tion11 I IVomen'$ DÉlir and delii*eved capncity, buiLding 14 lid personal development 5eSSlOtIs.

ST PHILIP'S CENTRE LTD
Repott of Éhe Ttustees and Dttectots fot the year ended 31 December 202S
le coiiipleied OUL fuiided project to develop the safegijaidsftg ¢1PiCitI' of f21tli-bised organisauons in
Leicester 21 lid LeicesterslitLe, de]iTr'ering bespoke 52fegui11ding tL'aiiiing Iti coll2b01￿[Lo￿ ivitl) P14 rtiiers
includ£ng G2teivii}r C.olltgt, And tlic IIF.ICJN ttsllective.
Tlie Centie plAITed an 1ctiire part iii the ciirlc And coinjiiunity life, includtI)g in tlie Bishop OE I.eicester's
F¢lltli I£¢iders Foruin.
Our Dei)uty, Director also seryed the IVoolFII)stitute, LeicestersliiLe F.£euteiiRt]ci' Rnd the I£icestei Tigers
Found41tion. In idditioi), he k)1S coI)tiiiiied ro pLoi?ide 41di*ice aiid suppott to die Lii'etpool FC Equality
&. Diiieisity, Fans Foru111 and the Hi811 Shcriff5 Patiel for LeicestersliiLe
Piiblic Benefit Activities
Tlie Cwktt'e also li s•TeL?I public bet)efIt acuvities, notabl}, Fr£e Icctures atid ￿rentS tOPlC5 relAtccl to
lived Idi￿01] &iid belief.
Risk
Despite its L2chieiTenieJits aiid tlie stead), groiiTtIi iti deiiiid lid For its seLipice8, tlie Centre and its Triiste
coi1tiE)ued to piy carefiil Attention to m41nagiiig risk. Future cliallenges indudc iiiiiintaiiiiiig cleir
i)riorities> pfoirjilitig i)iovt Adcqui& te Fktiisties Foi t]ie CeÈitre s eipi211ding ivoik. stt'eiigtlieniiig tlie Cejitre s
etumeiiic11 teliltions aE)d its cliiircl)-Eacing woi.k. Inl&1171 giiig public fEindiJig uitbacks aiid inaiii¢AItilllE a
8ust¢15nable Fundiijg bxse.
Financial Revieiv
The Centre conunued to opeL*te througliout tlie year on a fitin flliaiiCi1< I bisis, the i)rincipal sources OF
iiicoine being..
Fuii(h'iig Eroin t¥lember OLgMttisntioi)s'.
'I'his included, Eroin tlie Diocese OE Leicestet, doJiLitions En kind to coirer soiiie OF die costs of tlie
CenÈLe's Director and tl)e i'eiit uFtliE Centre preinise5. A gr14 nt from thc Notthiiiipton Distt1Ct of tlie
letliodist CliuKch w1s also receiiTed.
Incoii)e from iT&lLiOUS coijrses LiÈJi bi, tlie Cetitre.
Gikiits ind Doiiations, lis￿all)F aiined at qLlite 5pecifEc oiitcoines.
CIIEELch Urb14 Ji Fiiiid. Tliis repLesents Ilie Y￿lOuS graiirs ￿e(elITed in telatioii to tlie Nea
Ne&ghbours pro£È*mnie.
Tlie TLLlqtee5 coiitinijed to r￿FiCW the bAIAiice of thc ￿ndIng stre2in6.
Total Iiicoiiiitig Resources For tlie }Te1L r an)ounted to £300,227 coinpared to £453,250 in 2024.
T11c Tnistecs upisl) to record their wtitude to dill donors &lt)d tlit siip&)oL¢ Eot the CetTrtre ivhich their
coiitribuuoxi8 repre8ei)t.
T]ie x?iijorits7 of the C.eiitre's exi)enditsite to be Found, once iiiote, witliiii Sta(f Costg, botl) direct
nd iii-kind, ?1 lid Coiisult9nc}' CosLq. 'fhe fiEure of £242,006 (2024.. £276,31D iri)teseiited 67Q/o12024-
71•/0) uf tlie C.entL'e's total cost5. Direct Costs associated ivrttli Service DeiiiTer}' of Couiscs Aiiiounted to
£81,754 (2024.. L74,9361, Pretnise8 Eipenditure M,
£17,809 (2024.. £16.776), Office ENpeE)ses £5.907
(2024: £6,207) and Other F.Npeiidittire £15,155 (2024: £11.987).
'I'lie iiet iesult lot the }Teat IVRS 11 deficit of £62,404 (2024- sutpIu5 £67.027).
It must be recogiiised that sei'eral grni)t5 had bceii received iii 2024, 2nd tt large ptopottioii of their
ssociated cost8 were incurred ii) 2025.

ST PHILIP'S CENTRE LTD
Report of the TtUStees and Ditectots for the yeat ended 31 December 2025
The Cash Atid Batik Balances At 31 Decembet 2025 11?1 I'e decreased froni £503,053 to £464,58(J,
decre41se OE £38,464.
The CentL'e's Total Ilescrves d1t 31 DeceiiibeL 2025 were £470,478 oFivhich £51,712 wx$ repre8eiited by
Ilestiicted Funds. Tlii% meAtit tliflt £418,7()() was ii*#£lAble for unrestricted libe b), tlie Trusteeb. 'I'he
iinre*tricted E(iiids include futhds de51gnated for thc followiiig piirposes..
OpeLI?ti011i1 £271,000
Prejnises D￿re10Pme11t & Cotntnuiilcrytions and Techiiolog), £10,000
Otigoiiig Projects fund £92,000
'I'he Operxti011111 build ha8 becn cstibhslied to coi'eL iiiiie nioxitlis of rLi1￿ling costs, and 1 contiiigenc}'
to allow for possible Ledund8nc5y and pioject elosiire eii)enqe8.
Tlic Pr￿1]iseS Developnient & CoiniiiunicAuon.4 ind TecliiioloEy Fiiiid illoiv% £or the upgrade of St
Phi]ii)'s Hoiiqe 11id Eor the iipgr£ide of teclinolog}y S)Tst￿ns. Tliis Fiijid ib eNpLcted tu bt iised over tIIL
JieKt fsl'e yellr￿.
Tlie Oiigoing Projects Fund twll 111oiv tlie Ceiitre to coiitiijue funding i iCSLAI'cli project to dthTelop A
Jithv'cL)tiimuiiityT 11112pping' piojcct. This ye%r fuiids Iiave also beeii set aside to alloiv for eNpendiftiie for
oiir 2s￿l aiintiTeLtsW' ill 2026 to i)ioinote the iiiork of tlie C.enu'e and to oFEer %iibsidies to school% Eiir¢lieL
afIeld.
FiitlTre Plans
Tlie inost si￿]1[]callt cli%Uenge tlie Ceiitte fices in 2026 is to coiitinue to adtipt 111d dei'elop oui seiirices
in resi)onse to tlie eiTer-cliAJigitig situAtson bLoiiglit About bi, clii¢lleiigeb localli'i n24 tioJiall)t ftiid
inteintttioiJAllI,. Deinand foL the Centie's ivurk wis steRdi, dutiiig 2025. IX/e ivill coiitiiivt to dN'elop OUL
vorL, coiifideiit tlifit tl)c demat]d iiidicAtes rlic Lentre reiiiAiiis n goitig coiicern.
Xle continiie to divide oiir Actii'ities it]to seveii iNTork-strvAms aiid plsuis for eacli oije is ourliiied beloiv..
Church Paciiig.. contiiiuc to Ivork iii close parts1￿51]iP ivid) tlie Anglic1J li Diocese oELeicestcr,
nd die NoLtlIAiiiptot] distL'iCt of Ilie ￿le[}lodI$[ Cliiii'cli Ajid uTotk ivitli congreytions, tr*iiiiii
providers otlier CliristsAn groiips to foster le14 riiillg to live ivell together.
Ediiciitioi).. offer iiipiit for scl)ools aiid colleges, Ivitli tlie eipect2tion oEii)crea6iiig iroliiiiie of
Lk tinle i)rogres$es. Ille ￿111[ e¥p1¢ t)d our oper1tions geogrAphic1111'? especixll), iti the F.Ist
olÈnglind ic8ion.
C.OlPOli2te.' re5poiid continued dem11id Iroin tlie police, fire aiid rtbcue SCLThTiceb, tlie Nl.IS nd
otliel piibljc scetor urgAtIlSllUoiis FO￿ trntJ)iiig 2IVALeiTrESS L TriSLiig sessiot)s on A IAtJge OF
issiies re11ted to f11tli, belief iiiid etliiiicit)..
CommuiiityT: cojitsniie to deliiTer opporttiiiities for cncoiinters tlii& t budd reL1tion5hips OE tr11st
*nd iindeLstan(h"IlE Iljkthin 8iid ac1￿s8 COllllllllI)iues. Tliis iijcludes a selies oEleettiies #lid othe
eveiits diitiiig oiir tweiTrtietli ¥2iTrnii'er41ry }'eli i. Offer i)iibb'c befiefit support to S Df tensioli
iyltliin 2tid bthveei) coinil)Liiiititg 2£ lid iecttiit Eiitl) priictitioiiers ivho eii) tuntiiiue to eYp14 sid
OUL oIFer. Iylc ivill tcini211) a pliL cc OE listening, mediating ind b41L2ncE it] thc Eice oldiiTiSiOii and
polarisatton.
Inteixi&lUOIIAI.. iiTelconie aiiy it]-per&oti visit& froni iiitcrii&otioiil* l ￿0uPS tliLt teqiiest tliem.
Re¥eircli.' contiiiiie Nvorkii)g oil issiies rel<lted to spirittiil qbuse Riid safe￿111dlng of children,
}TOUtig pcoplc and 41diilt5 At risk OE hiriii Ivithin f41itli cominE]nities. TIIL5 liiiks iii ivith our
piiblic benefit ivork undeL Ltein ConiinuiiitlT above.
Neil Neighbours.. continiie to deiii'er the Near NeigliboLlts progra11￿]e, in line ivith
expectAUons set bi, the fvtinistt), Eor Housing, CoinmuIiities tnd Loc11 Goi'eLniiieiit.

ST PHILIP'S CENTRE LTD
Report of the Trustee8 and Ditectors fot the )Tear ended 31 Decembet 2025
TtElStees' Responsibilities
Tlic Tiustccs (Ivlio are also dii'cctois of St Pliilip'5 C.¢tiU'e Ltd for the puq)o%e5 of con)p2ni, laiiT) Are
tespotisible fol prepnlitig the Tnis¢ees' Repori rtiid tl)e finlllC11J I st1& teinents in 2ccord1& lice ￿ryth pplicable
Comp*n}' Laiv requites the TrLlStee$ to Ptepire fiiiaiici21 statenieiits for e%cli f&Ji2ncixl year. Under tliat
IV tlie Ttustee& haiTe elected to prep2£ re tlie fiiiiiicial 5tateiTkeJit5 111 oiccordaiice NITith United Kingdoin
CJenerally Accepted ilccoui?ting Prxctice (Uiiited Kiiigdom Accouiitijig StandArds iiid api)licAble laiv),
ijicluiliJ)g NIS 102 -file Fitt&it)Cl&l1 Reportilig StxndaLd 1ppIÉcii ble in tlie Ull and Republic of ILelatid.
UJ)dei comp&lliy laiv the Trnstee5 must tiot ippttsire the fiiiancial srtteineiits iiiiless tliey Ire $2tisficd tliAt
tlici, giiTe i true and fftLL Iriew of the state of 14 ffaiis of the cliaritable comp1& n}. and of the incotnitig
esoiirces 14 ppIi£14 tioii oELCSOI?rcc5, iiicludiiig the iiicome aiid expendittiLe. oFtlie clixvÈtl¢ ble colnp￿lY
foL that peLiod. In prep21.sng tliese finaiici21 $tAteineiits, tlie Tnjstees Eequired to..
select %uitrble accoujitiiig policÈes iiid tlieii AppI}' thtm consistetttly;
obsen'e die iiiediods nd prlliciples in tlie Chii'iues SORP (FRS 102).
make judgetiieiits ttiid ￿ccoU1}ul)g estiiiii?tes tli%t are ieslSOL11ble ptiident.
stRte ivlietlier Rpplicable Ul£ Accoiii)ting St*i)dirds h21re been (olloiired, subject to 41n)' n141teriAI
dept2Yttirtg disclosed x()d eNplxiiied iii the fitk1Jicial st14 tcnieiitsj 41nd
prepiie finaiicial stateinetits oti tlie going conceLii uiiless it is appropr&q& te to ptesuÈme that tlie
cl)arÈtable Col￿p&ll}F ivill contijiue IA operatioii
The T￿[l$tee5 Are Lespoiisible for keeping idegllate accounuiig recotds d)2t sufFicieiit to slioiv 14 nd
eNplatn die cliatit8ble coinpan}T s traJisActi0115 atid disclose ivith LeASOJlli ble 41CCU1￿CY Rt aii}' time tlie
finaiicial P051ti0ii of die compiii)T ?1 lid eiiAble them to ensllte thar the F￿nIti¢l#l sratetneiits con)pls1 with
tl)e Coinpanies ACÉ 2006. 1.heip are #Iso Lespojisible for S&iEeguArding Èlle nssetb of tlie charit14 ble coJiii)ani'
aiid l)ence FOL taking rEASoii#ble bteps for the pm'entioji 41tid detection OF fL?ud and other irLtgul*rities.
Tl)eTtustees £￿e tesponsible for tlie maiiitenance nd itttegtity of tlie coipotAte and fiiiinciil inforJ))ition
211cluded on tlie conipTri 11) S Trvtbsite. Leg551aUoii iii tl)c United Kiijgdotn goiFernitig tlie piep%rnUoik Rnd
dissety]iti#tioJi of tlie fiiittnciAI stxteiiieiits in14 y diffet from Icgislauoii in otlicr jutisdictions.
Trustees
Tlie Ttiisttes conFllin tliit..
so fxr a8 each Ttus¢ee is Id IVA Ye tliere is iio rdeiraiit iiiEoniiatioÈi of ivhich tlit cli￿￿table coii)1)14 11) S
& CCOlltit1llt Is uiixiiiaie. Ind
the Trustees I1￿1Te taketk all the steps tl)It the5, oiiglit to liai'c t2ken as I rustees in orcler to m?1 ke
theiiiseliTes aiiTaie OE atl}. LcIcv111t infoiimltion xnd to estibli81i tli?t die ehaLirAble coinpaiiii's
Accountints.Ire 11%￿le of thrtt ii)forniauon.
In piepaiin£ tliis rei)ott the Tlustees liaipe tflketl 8di'lliitage of the sjiiall COlllP41t]tes' cYeini)tioJis provided
bi, Sectioii 415A of the Coiiip1ftie% ilct 2006.
Signed oli be￿la￿[OF tlie liustees
jaile P&rkinson
(Triistee)
Robert Allison
(TrElStee)
12 May 2026

ST PHILIP'S CENTRE LTD
Independent Exarninees Report ¢0 the Triisiees of St Pliilip>s Centte Ltd
Indepettdeiit examinet's repott to the triistee6 of St PEiilip?s Centte Ltd ("tl?e Company")
I iepoLt to tlie cli1& rity. trusrees on iniF eNamiiiation of tlie 11 CCOllI)ts of the Coiiipin). Eor the }Teit ended 31
Deceinber 2025.
Responsibilities ￿ttd basi8 of repott
A8 the cliflfity's trL)Stccs of d3e Coi)IPililS' (and rylsa ditectorb for the PLirposes of compai)y liw) )'ou ate
espoiisiblc for tlie plepnratson of the accouttt8 in ticcordaiice iimtl) tlie requirement5 oEtlie Coinp111ie5 Acr 2006
{'tlie 2006 Acr).
H1& IFLrJg $1tisfied mi'oelE tlixt tlie 1CCOllnts of tlie Coinp>tniT ate not re911ired to be udited iiiider Pli rt 16 of the
2(Kl() Act aiid ire cligblc indLpeJident eN24 niillc?tion, I rei)oit Lll respect OE inii exi111iniuon of your chd2fityT S
4 ccoiints as C¢vried out undct section 145 of tlie Cl)Aflties Act 2011 I'the 2011 Act?. Iii ￿ ti)rytig out iM}'
eian)in2ti011 I liai'e follolved tl)e DiLectioiis gisTeii b), tlie Ch&lrity Coinmission undei. SLctiI)11 145151(b) of die
201 l Act.
Independent Exaniiiiers St#Éenient
Since Irour ¢h1l'itlT 5 gross It)coine exceedLd £250,000 yoiii ex%inineL inust be &1 iiieiiibei. of i h.sted bod},. I can
coiifirjii t11￿[ l in qitaisfied tt) unJtLtake tlic ￿lIninitIon l)ecaLlbL I am A illeiiibet nf tlie Instittite OF Cliariered
Accountaiits in E4ngl£Triid 1& nd Illales. Ivlikeli is oiie of tlle h'sted bodies.
I liftiye completed m}T ex2ll]itt1tioJi. I coiiftrirj diat no iiiitteLS IiiTr'e corne ro in}T attenuon in connection ivith the
eximinRtioii giviiig me Caube t() bElici'e:
Accoiinung tecords ivere not kept in respect of thL CoiiTrpRny 21 s reqiiired biy sectioti 386 of the 2006 Act- or
tlie accoiiiits do not Aceoid with tlioge Lecord5', 01
tlie 2ccount5 do iiot compliT NITlth the accoiitiutig requireineiits of stction 396 OF tlit 2￿& Act oihe.r thftii
Aiii, tequiresntnt tliii t tlie aCCOLlttls give li trLie 14 nd fL1iL vieThT ivliicl) is not A nJxttrL Cotisidered PiL rt of 4111
ii)dependent eN1111i1l42tion' or
tlie iccoiJiits 111& ITe not l)een piLpired in i?ccordiiice ivith the iiiediods ntid principles of tlie Stateiiient ot
Ilecoiiitneiided PKILticL for accouiitit)g 1nd reporiing biT ch?tlties {11)phci?ble to chitities prep81ing dieir
ccoiints in IL ccoidaiice Ivirh the Fiiiinciil RLPOtting StaiidiE rd ii ppbcable ii) thc UK atid Republi¢ of lielattd
(VRS 102)).
I liai'c no concerns 1212d 112Ire coine ftcro%8 JIO other mi2ttcrs iii coiit)ectian ivitli the cxaii]iI)1ti011 to ivliicli
& tteiitsaii shoold be draivn iti tliis report iii orileL to enqble a ptopei iindcrstii ndiiig OE die ¢lCCOllllts to be
ieAched.
J Deiinis ACA
TC GrouE)
31 Fligh VieTr, Close
I-IRmtltoti Office Pxtk
LEicestft
I.F4 9LJ
D11 te.. 12 Ma), 2026

ST PHILIP'S CENTRE LTD
Staiemejit of Financial Activities for the year ended 31 December 2025
2025
2025
Uiirestticted Restricted
funds
fiinds
2025
Total
fiinds
2024
Total
Fiiiids
Note
Income from
Donations
4,512
15,423
185,808
4,512
15,42J
280,292
16.105
16,524
420.621
IniTestsiieJits
Cl)aritable ictii,ltics
94,484
TotaE Income
205,743
94,484
JOO.227
453,250
Expeiidiiure on
R1ising funds
Cliarit41ble acuviues
4,188
183,606
3,089
171,748
7,277
355,354
7,070
379,153
Total expenditiire
187,794
174,837
362,631
.386,223
Nei iiicome before transfers
17,949
(80,353) (62,404)
67,027
Ttansfets behveei? funds
Ceiitre cojitribution to Keswick
(2024 - NeaL fN'eiglibouLS)
17
{6,483)
6,483
Net income RIid iiet moi'ciiiEnt iii thnds
11,466
(73,870) (62,404)
67,027
Iletaii)cd iesources bioiiglit EorKiYid at
l Jaiiuai),
17/18
407,300
125,582
532,882
465,855
Resoiitces carried forward at
31 December
17/18
418,766
51,712
470,478
532,882
All OE tl)e above te%Lilts are derived frotyi contii)iiing activities. Tliere ivcre no recogntsed yins or losses otliet
thali tlJose siited Jibove.
Tlie Jiotes Dn pAges 12 to 27 form P14 rt OF these finxncial statemeiits.

ST PHILIP>S CEwfRE LTD
Balance Sheet at31 December 2025
2025
2024
Note
Fixed a5set8
TAn￿ble 18qets
12
2,409
3,064
Cutrent assets
Debtors
Cash 1& t biTrnk liand
13
14
23,669
464,589
488,2S8
42,927
503,053
545,980
Cteditors: amounts falling due
within one year
15
(20,189)
116,162)
Net ClErreiit assets
468,069
529.818
470.478
532,882
Represented by:
Restrictecl fi]nds
17
51,712
418,766
125.582
407,300
Ui)rESts'iCted fiinds
18
470,478
532,882
Poi die fthaiici111)ieAr eiidcd 31 Deceinber 2025, the coJnpanJT was entided to exeiiiption iii)dei section 477 of
die Compinic5 Act 2QK)6 rdi2ting to sn)oU cotnpqnies.
No ineJnbeLS haire requkted d)¢ conipan}T to obtail) 14 n i?iidit of its *ccounts foi the }ieai questioii Eli J1ccord2t nce
Ivitli secuoti 476 of thL. CompAiiie5 Ilct 2006.
Tlie directors Acktioivledge dieii respoiTrsibility, Eoi coiiipl5ritig witl) the teqiiireinetits of ¢lie Act with iespect to
Iccouiiting tecoLds Rnd for die PfLPtiiartoii of Rccounts.
lliese accoiints IiRve beeii prcp14 red iti accordAnce ivith the prDvi510rJ5 iipplici& ble to coii)pai)ie5 511bject to tlie
sm14 ll con)1)1& nies, tegii)Jc.
Tlie flliancial st&iÉements iveri. ApproTr'ed b)T the Bo2{ rd oFTnistees 011 12 Tr.la}r 2026 and ivere signed oil it% bdialf
b),:
Jane Parliiiisoji
(ri'iistee)
Robett Allison
(Tnistee)
Compaiiy Registration No. 5657062
Registered Cliarity No. 1114686
The notes oi) P41ge$ 12 to 27 Fvriii PAtt ol diese fiiiatLciAI 5tateineJits.
10

ST PHILIP'S CENTRE LTD
Cash Flow Statement at 31 December 2025
Statcnicttt of cash flow8
Note
2025
2024
Cash flow8 from operatiiig activities..
Net cash u8ed iii operaitiiig actlVAtie8
(53.192)
35,189
Ca8h flows ftom iAivesting activittes".
InteLe5t ftoiii investments
PuL¢IIAse of equipinent
Net casli ptovxded by investiftg activtties
15,423
1695)
(38,464)
16,524
(871)
50,842
12
Cliatige in casli and ca511 eqLIjI'i lents in tlie ieporting period
Cftsl) J1Jid C41sli equ1v￿lents 8¢ l Januiry,
Cash aiid casli eqiiivaleiits at 31 Deceiiibet
(38,464)
503,053
464,589
50,842
452,211
S03,053
E4
Reconciliatioii of net income to net caish flow frolii operating activities
2025
2024
Net iiieome fot tlie repotiing period (aB pet tlje 8tatenieiit of fjiiancial
activities)
Adjustinents fot..
DepreciattOLi charge
Iiiterest fi'oin iAiTCStments
(62,4D4)
()7,027
12
1,350
(15,423)
19,258
4,027
(53,192)
1,541
(16,524)
-36,601
(5.3.45C))
35,189
Dec￿￿Se ill debtors
liicrca5c/(Deciea5el in Creditors
Net cash used til opeiating activities
13
15
Analy518 of cash Ond casli eqiTivalents
2025
2024
C28h in han(1
181
114
Notice deposits
Total cash and cash eqiiivalents
464,408
464,589
502,939
503,053
14
The notcs on Pag￿ 12 to 27 forni P14 rt of tliese fts)8ncid st8reinent$.

ST PHILIP'S CENTRE LTD
Notes to tlie Financial Statemenis for the year ended 31 Deeember 2025
Accoiintittg policies
B￿S18 of prepatatioii
St Pliilip'5 Centre Ltd ib xn incorporited chxrityT regtst￿ed ivith thL Charkty Cotnmission for
Engl*ind and INlftles.
The finftnciAI stAtenients liiire been prep•ied itx lletordiiice ivirli tlie %rxteiiient of Re¢oJJiJ)iended
Ptc2Ctice.' tlccoiintit]g IE lid Repotting b}, C.hatities1)Ltp2riiig their 41CCOllflts iii &ccoidiiice xvitli tlie
Fin8nciql Reporung St1ndird 1pplic?ble in the UK attd Repoblic of lielind {PIiS 102) (EFFcctiiTe
JaIiuaiJ, 2019) - IClIRriues SOIU) {FIiS 1021), tlie Fit)ancAal Reportsiig Sti?iidui d pplicable iti tl)t
Uiiited Ilttigdoin RepLiblkc OE Irelqiid (FR£ 102) ?nd tlie Compl¢ iues Act 20fJ6.
Tl)e Tnist coiistitutes a piiblic beneFit ei)UryT f¢$ defined b}r FRS 102. Assets ind liibilitie$ llie iiiitiqlly
teco&iiged t hiqtoric&21 cost oi. traiisictton viliie unltS5 0tlieThvibt stated in tlie ielci'ftnt 14 ccouIiting
polic),.
Tlie C.omi)81118 funct&onAI ¢iirrenc)T 18 Britigli Poutidb Sterling 1£).
Tlic Lomp&ill)T As Ilico￿Or{lred in die UIC, conip¢illSr regi8teLed nuiiiber 5657062, chaiityf regffisteled
iiuiiibel 1114686.
Tlie re￿￿tered offic£ 15 St Philip's Floiise, 2A StoiiglitoIi Driire Nortli, l.eicc%tLr, LE5 SUB.
b)
CoJ?Ipaiiy 8tatU8
Tlie con)PllllT IS ¢1 coillpAlls, liniited bi, gii3r¢1ntee. I'l)e ineiiibers of tlie cotiipAiiiY ￿e oigansi1ts011s
Ivilb'ng And ible tv 25seiit tu tlie objectsl'cb uf thc Charity,. Iii tlie ff'ciit OE d)e compi211}, being
voiiiid up, the lil& bilitST iii respect of the gu$￿￿* titee is liii)ited to £1 per membel of the coiiipatJS'.
Fiiiid xccoiinting
Geiiernl Aind4 1re uniEstricted FLiiid5 ivliich Are 1V14 ili?ble fot iise at tlie discretion of the Ini4tee8
in Eiitdienrlce of the gejierxl objects oFt]it coJnpAn}' at)d ivliicli1121re iiot bten dLsignrLted 601 otlier
purposes,
De8igiited fviids coii7prise unrestricted fund8 tl)It 11iiTe been set qside bj. the 'fiustees for
Pi2rUciJli2r purp05t5. The iiiii aiid LISL of e1& cli dcsign1tcd fund is set oiititl tlie note5 to the fin&111Ci
st?teinetits.
Restricted fiinds I?te funds Tri,liicli Rre to be iEsed iii Rccotdance ivith specific te%ttictioiis uiii)osed
by tlie dojiors r)r ivhicli hxi'e been rni%ed b), the c¢>n)P¥l115, Eot P£irtiCLII￿& piirpuses. "I'lje Losts of
riisiiig ii)d idiiiinistLring SLi¢I) fun(Ls iLC cliiiged ayiiist tlic 5peciFic flind. Thc aim And use OE
C41cli restricted Riiid is set oiit in tlie iiotes to tlie f1111J llc&&l1 stfiteinei)ts.
d)
Incom¢
All iiicome is recognised once tlie coinpAtii, 112s eiititlement to tlie itieome, ir ig prob?ble diat
tlie iiicomt ivill be receii'ed, &lnd the l& mouiit of inconie receiviL ble can be M￿slIged rebRbl}'.
Donatioiis
Don41ti0ns 1re incliided in die St14 temeiit OF Fiiiai)cid Actsitities in the }pe*r in wljich tlie}r Are
Icceiv41ble, wliich is wlien the chil Lity bccoii?es ciititlcd to thc rcsourcc.
12

ST PHILIP'S CENTRE LTD
Notes to the Fiftaiicial Statemeiits fot tlie yeat ended 31 De¢enibet 2025
Accountittg policies (contitiiied)
Gtqtits receivable and gA(ts ii) kind
Grants ieceLIT%ble Are included Éli the st￿tement of Finnnci81 IlcuvitÉes uplien receivable. Griints.
vheLe entitlement 15 not conditioiial oli the deliver}, of A specific perEorniance b), tlie cliarity,. 1Le
tecogni5Ed Nvl)etk t]ie clxaritir become5 L2ncottdiuunalli' eiiuded to tlie gtant, tliere is ptobibiliii, of
receipt aiid tlie ai2iouJit £1tt be meiiSLired ivitli siiEficient rdiabiliry,. DonAted seivices atjd fi?ciIiue
ale iiicliided 14 t tlie Tr'%liic to the cliclrity, wliert tliis be quaiitiFied. A cotrt5poiiding ttiiioui)t 15
tl)en recognised iti expendittjre.
Coiirse itscome
Iticoiiie Ftom die piovisÈon of coiiises is recognÈsed b}, tl)e cliarity, as it e11ns thc LiO]t ro
coiisideiAtton by the PLOTrTision of tlie coiirse.
Ilivesiment income
Iiicoine froin iniyestments is included sn the Statement of Fii)In¢xxl Acuvities ilie Jyefit ffin RIThich
it is rectii'able.
e) Expenditure
r.YpetiditLiLe is tecognised once thete is a le￿] ot C0115trucUve oblig2tioii to inake i)a)Tment to ?1
tIiiLd PArry, if is i)robible tliat setrlemet)t ivill be ieqiiited and the amoiint of the obiiyuoti can be
mea8u1.ed reliabli..
All expendÉtiire is dlCCOUllted for oil ali accru&11s bxsis. All eipcnses includii)g support cost$ xnd
gosTenJai)ce costs ale #llocated to tlie 1PPtiC1ble expendittiie lieiL dings.
IIiccoiTer2ble ITAT is ch118cd qi gai11st die cxpctiditule lie2diiig fot wliich it Nvas incuired.
Depreei#tion
TAnEible fxNed assets al'e stated at cost less depleciation.
Depreciauoii on tangible a4sets is chRrged to ivrite off tlie cost, less CStiin14 ted icsidu11 I'aliie, ol￿et
their eNpecred usefiil lÉires at tlie foll0i14ng Lkties:
Coinputer cqiiipJiiei)t
Photocopier
Fiittiies, fittings aiid equii)Inent
AU￿11¢ntcd rciility, p*oject
tliree yeALS
tIILce }reais
g)
Debtors
Tr2dt Atid othei debtors are recognised t the setd￿liellt amount After ally tLRde discount
offered. PrepA)Tineiits ve itAlued at the amoiint repaid Iiet o£aiii' trAde discouiits diie.
Casl) at bknk and in haiid
Cash At b?1 nk iL iid in liAiid iticludes clsl) and sliort-tetni ]iqUiLI inves(nienrs held on deposir.
Cteditor8 aiid PtOVl8t0118
Creditors and proiTiSiQnS 2re recogniscd iiTliete tlie comi)Lin}. lia5 a i)re5eiit obligation resLTrltiiig Itom
a i)ast eilent tliat iiTill probibl)i ¥esult in tl)e trin$fer of funds to a thitd pttity, tti)d tl)e iijount diie
to settle tl)e obli841ttOii Coiii bc ine21 5llted oi estsiiiated teliably. C.L£ditors and pioirisioiis &lre
iiormally recognised at tl)eii setdemeiit iinoiitit flfter AlloM*ing foi Ani, tii(le discoiitsts due.
L3

ST PHILIP'S CENTRE LTD
Notes to ihe Fiiianci#l Statements for the yeat ettded 31 Decembet 2025
Accounting policie8 (continued)
Financial iii$tninienis
The CoFnpRn}T onl), has finAnciAi assets nna Flli¢1nci¢11 li11)ilitses of a kiiid tl)At qliilifj,
instniJneiit8. Bi8ic IininciAI insthiiiients 2& ie initiaity recog￿￿ed 1¢ t tr¢1n81¢ Cti01l ITllliie and
siibsegiieJid)T meosured At tlieir settlement ITaliie.
k) Foreign eutrency
Fiinctional and ptescntational ciirrtncy
The Compan5',
r 8 functson11 and pre%¢iit2tionil curLcllc}T is British Polliid￿ Steilillg
Traiisactioijs and balaÉ?ces
r,oi'eiy ci)trenci' triilS2CUUt]S &2re t￿nsI￿red iiito tlie fiJiieuot)il ciirret)ci' using the spot ekcliange
ri2tes tl)c dite5 of the tr%nsfictiOns. At each peiiod eiid foLeign CiiLrenciy nionetAryT Iteiiis llre
tr1{ nslRted usiiig tl)e closiiig filte. Noti-i))onetlll}T itL'ins tY)£1& sEJved flt li£storicAI ¢ostS kLe tL*n41Tr& ted
L)siiig Ihe e%cliitige ritc. at thc dite of tlie trai)5iq Ction Riid iioii-iiioiTreMIiT Item5 InCaSULcd it ffttr
V41lue arc mei1511red 118iiig die eycliwi Jgt rate Rvlien f,isr vAliic NIr￿s deteriiiitted.
i)
Pensions
Tlie Loiiipan)T opetltes i defined bea1efit peiision 5clieme. Tlie sclieii)e iq a iTr)ulti~eiiii)lo)rer s¢lieiiie
Ivliei'e it is tLOt P05bible, in the noim&il coiirse of events, to ideiitsEJr on i coiisistent iiid Le.150n2ble
1)&lSkS, tIIL shAie of LindeLIITiiig RSSEtS liabiliue% belongiiig to iiidiiTjIII111 Pl￿tICIP￿d ting einplo}Tets.
TliereEote, iequlled by FRS102, the Coiillpgn)T &ccounis foL this scheine As 1£ it ivere A defined
coiitributioii sclieine. TiiL 1IIJOLint Eliargcd to the SNteillent of Fiiiancial ActiiFlties reprcsents
contril)uUoiis PEII'2, ble to dic scheiiie in Eesi)ect OF tlit %CCOLinting peritsd.
In
Ctitical <?Lcoiinting estiniates aiid areas of judgeiiieiit
Estiinates jiidgeinents Ive coiiuiiuallit evxiuited aftd Llre based on historicAI expertence lid
othei. f2Etot5, inclLidin8 expectiqtions of Fli￿re Lwetits thAt ale beliei'ed to be reftsoiiable uiider the
cirui2n$Mtices.
Critical accoujiting estimates and issutiiptions:
'I'he CompaiiJT mALe5 estilll8tes and ￿&SliMp￿011s coiicetiiing the future. Tlie icsiilting accoiiiitiIig
estiinxtes and %ssiiii)i)uons ivill, by definition, seldojii cqud tlic related &1cttial reS￿lts. Tl)e e8tiJiiates
nd &qssuJiiptioiis tliAt l)ai'e a signific#nt tisk of causing x iTtiteriil idjustineiit to tlie CiiL3Tiiig
Amoiints 014194et.% aIid lii2bibties Nvithin tlTre Jieit finftnciLiI s'e%r ALC thsciissed beloiv.
TIIL iniiiiil depEcciation ch1Lge for tAngible fixtd i￿$set￿ is qeiisitive to cliAnges iii tlie estiinated
i?se￿I econoiiiic hi?e8 and residuql i,￿4 ue¥ of the tbsets. The useEiil econoiiiic b"I'e8 nd resid11411
Iraliie8 qLe reissessed AllniiAII}'.

ST PHILIP'S CENTRE LTD
Notes to the Financial Statements for the year ended 31 Deceniber 2025
Donations
Uiirestricted Re8tricted
fiind8
2025
2024
Cyeneral donauon8
4,512
4,512
16,105
Ill 2024 ftll of tlie tot￿[ incoinc From dotiations, £16,105 ivAs b}T iva)T of iinrestricted Eunds,
Iiiyestmeiits
Unresiricted Restricted
funds
fiiiids
2025
2024
Bank interest
15,423
15,423
16,524
In 2024, all of tlie total investÈntiit iiicome. £16,524 was by ivay oFiititc%triCted fi]nds.

ST PHILIPIS CENfRE LTD
Notes to the Financial Statement8 fot the year ended 31 December 2025
Charitable Activities
Unrestricted Re8tricted
fiinds
funds
2025
2024
Grants
Gitfield Illeston
Tlie fvlethodist Cliutcli
Neir Neigliboiils Cliiilch Urb?I n Flind
Iloiiie OFfice- prev￿1t
NCB Bellefontnine Chitit2blc Tntst
NAuoni¥ l Hetitage LA)tteiy
15,Om
37,083
23,547
61,322
10,000
27,083
20,825
22,226
2,500
37,083
20,825
22,226
2,500
84,448
7,500
Illl £Ritits' F.ducfÉtioti Ttiist
Portl¢LIS
T]ie Linkiiig Net￿l￿￿k
I￿l£S & Rutlaiid Coinmiiniti, Foiindatioii
liicliAtd Boniiei, l.itera4, Fund
LHCLC. (ThL'ni%tr), fot l-loiising, Coinniiinities
aiid Locil Goi'eLttltnents
BeneFict Tr115t
Arnold Claik C.ommui)iti' Fuiid
NHS Leicestei
26,030
20,150
20,150
1,500
200
1,500
200
1,250
47,192
Lciccster Dioces2& li Board of Fift1nct
DoiiRtit)ns kti kind
T£icesteL DiocesAt) BoatKI of FiiiAiice
49,851
49,851
29,167
29,167
29,67.3
89,018
94,484
183,502
341,045
Coiirse fees
96,790
96,790
79,576
185,808
94,484
280,292
420,C)21
In 2024, (jf tlie total incoiiie Erom charitable acuitities, £181,441 iv.is bs, IVA). OE iiiiiests'icted fiinds qi iid
£239,180 ivfis bsT of restricted fiiiid8.

ST PHILIPIS CENTRE LTD
Notes to the Fii)ats¢ial Statements for the year elided 31 Decembet 2025
RaiBitJg Fiiiids
Untesiricted Res(ricted
fuiid8
funds
2025
2024
Cttitle dircctor
1,347
2,841
4,188
2,128
961
3,475
3,802
7,277
3,317
3,753
7.070
Suppoit costs
3,089
It) 2024, oFtlie total costs of r8isitig Euttds. £4,016 IVAS Irom iinrestticred Eunds £3,054 ivas by iV2JT of
restricted knnds.
Ch*titable Activitie5
Untestricted Restricted
funds
fuiids
2025
2024
Centre Di￿eCIOr
24,909
63,262
3,321
39,372
48,432
2,543
10,226
30,672
64,281
111,694
5,864
10,226
60,492
61.375
139,383
6,224
18,085
47,562
Lectuter & tutor fees
Pensioii costs
Consult41nts
Couise accommodition iesources & cAierffing
costs
29,820
Subsidies
4,427
715
4,427
2,227
14,608
81,535
355,354
13,695
2,014
11,665
79,150
379.153
IXFebsite costs
Othei sJn&ll projects
Suppott costs
1,512
14,608
20,753
171,748
60,782
183,606
In 2024, of tlie total costs of ch14 Litable lj ctiirities, £172.196 IVAS froni lliirestsicted fuÈids atid £206,957 IiT£iS
by IVA), oFtestrSCted futtd4.
ialysrs of expenditiire incliTding allocatioii of siiijpott costs
Activities
uiidettake
directly
Siippott
costs
Totql
Raising hiids
CliAritable activiues
3,475
273,819
277,294
3,802
81,535
85,337
7,277
-355,354
362,631

ST PHILIP'S CBNTRE LTD
Notes to the Financi&l Starenieiits for the year ended 31 December 2025
8. Analy818 of 8llPPOtt cost8
UAirestricted Restricted
fiinds
funds
2025
2024
Salaries ind iiAUonai insuraiice
l)en51011
Relit
Indepciidcnt ex1Jiiiner'5 fee
Other i?ro6e88101)?I fees
28,999
1,280
8,146
865
3,734
12,768
564
41,767
1,844
9,132
940
4,605
42,964
2.153
8.953
600
986
75
871
4,087
E 1111
Depteciauon
Insur1n¢e
PEeiiTrisc5 cxpenses
Office expenses
St¢iFE trasning ind recruittnent
531
819
1,350
3,453
8,196
5,557
2,807
79,651
1.541
3,515
7,352
5,857
744
2,800
6,563
4,697
2,276
59,891
653
1,633
860
531
19,760
77,766
Governance cost6
Centte director
673
744
32
1,064
327
15
1,737
1,071
47
481
1,659
1,102
55
PeJ)sÈoii
Relit
456
25
471
IndLpcndeiit Cxtiininer's fee
Office expenses
1,519
308
481
2,000
3.50
1,500
350
42
3,732
1,954
5,686
5,137
63,623
21,714
85,337
82,90.3
Analysts of resources expended by expendittire type
Otliet
cos
Staff costs
2025
Total
2025
TotAI
2024
2025
Ilaising Eut]ds
Costs of generating flind6
5,711
5,711
1,566
I,S66
7,277
7,277
7,070
7,070
202,029
2,855
204,884
147,639
2,831
150,470
349,668
5,686
3S5,3S4
374,016
5,137
-379,15.3
G￿'ernallce
Costs of charitable activities
Totsl eNpeiidimie
210,595
152,036
362,631
386,223
18

ST PHILIP'S CENTRE LTD
Note6 to the Financial Statemeiits fot tlie yeat ended 31 Deceinber 2025
10. Staff costs
2025
2024
StaEf Costs duLin£ the siettt ivere as (ollows..
lages 2nd S&11Arics
Emploi'ei'5 N#uonxl Insiirance
l)cnsion
191,OS2
11,788
7,755
213,682
14,742
8,432
210,595
236,856
In iddition to tlie aboi'e, the LLicester Diocesin Board oFFinance donated the seiwice% oEstaEE8inoiintEng
to £19,078 (2024 - £19,483).
The Èiiimber of eiiii)lo)Tees ivlio$e emplo)Tte bci)efits (e%cludiftg eJnplo}Fer pension costs 14 J)d einploiTer's
tiojial iijsurance) exceeded £60,000 IiTas l {2024-
'I'he aTrTcrage numbei oleiiiplo}Tees utih'8ed bir the cliArity, duling tlie s'ear iVi25 7 (2024- 8}.
11. Triisiees fiiid key nianagefften¢ per8oiiiiel Teiiiiineratioii and expenses
No I"iustees. per8011 Urytli A famil}T or business coi)nectiOii ￿TItI] a T￿Stee, ieceived reniuiieratian iii the
}ieAr. directly ot indi¢ectly, frojii tlie Chiiiti,.
Duriiig the Irear oiie tiiistee clainied traiTel expenses 2mounung to £513 (2024- £383).
Duting the }re&l1 Jio retitemeiit bencfirs iVEre a¢cLiiin£ to ani, Tnistces (2024- £nii) in resi)ect of defsned
benefit petision sclieiiie5.
I<ei' M.IiiagcineiTrt Peisotittel are deti)ied to be Iliost IIAvltig Autliorit), nd ie5iiuiisibiLity delegAted to thein
b}T tlic Tiustee% for plannin& (lirectil)g Rnd cotTrtL'olling tlie CtAi7lties of St Illiilip's Cetitt'e.
Diiting 2025 tliei. wcre=
Director
Deputy Dkrector
Fiiiance Manage
Office h,11nllgei
'Ilioinas IXli1sOtI
Ri?2 Ilai'at
tbaiR Cairtts
hlALireen HebbIe￿.hire to 30
Deii) fruin 26 August 2025
Reiiiuneimtion, pensioi)s ind einplo)TCt'S 111tional £ft5uMttce For those 5 et)Iplo}rees amoiinted to £188,889
(2024- £183,388).

ST PHILIPIS CENTRE LTD
Notes to the FAttaAicial Statements (or the yeat eAided 31 December 2025
12. Tangible fixed as8ets
Compuier
Fixtiires
eqiiipnient fittings &
equipiiieiit
LÉbrary Property
books
costs
Total
Cost
At l Jaiiuar)T 2025
Additioiis
Disp054215
21,125
695
(2,474)
47,027
45,661
120,313
695
(2,4741
Ill 31 Deceniber 2025
19,346
47,027
6.500
45,661
118,534
Depreciation
At l JAllii21 ry 2025
Cliirge For the year
Dis1)osals
18,061
1,350
(2.474)
47,027
6,500
45,661
117,24()
1,350
(2,474)
At 31 Dcccii)ber 2025
16,937
47,027
6,5aO
45,()C)I
IC)1,125
Net book value
At 31 December 202S
2,409
2,409
At 31 Decembet 2024
3,064
3,064
13. Debtot8
2025
2024
Triide debtor5
8,240
10,558
2,915
1,956
9,378
7,652
2,702
4,088
19,107
Accriied incoii?e
Prq)1s'iiien(%
Otliei dLbtori
GLAnrs fLceivAble
23,669
42,CJ27
20

ST PHILIP'S CENTRE LTD
Notes to the FinHncial Statements fot the yeat ended 31 Decenibet 2025
14. Cash at bank in liaiid
2025
2024
Cijtrent deposit account
C£LslI llllnd
464,408
181
502.939
114
464,589
503.053
IS. Cteditor8: ￿m011￿￿ falling diie within OAie year
2025
2024
Tiade creditoi
682
6,660
12,847
1,626
2,720
Accru?Is
Othet creditois and deferLed income
20,189
16,162
16. Analysis of net assets betsveeii fiinds
Restticted Utttestricted
fiiiids
fiinds
2025
T211gible fixed ?ssets
CurLent Assets
753
1,656
437,299
(20,189)
2,409
488,258
(20,189)
50,959
Credi¢oL8 diie Bjithin one )Tellr
51,712
418,766
470,478

ST PHILIP'S CENTRE LTD
Notes to the Finaiicial Statements fot the yeat ended 31 Decenibet 2025
16. Asialysi8 of ner assets bettveen funds (continued)
Ilnilitrsis of net 41ssets betKvcen fiinds- prior }Tear
Restricted Unrestrictcd
funds
futids
2024
Taiigsble fixed Assets
CL)rrcnt assets
Credttors diie ivkthiii oiie )Teq& r
580
125,002
2,484
420,978
(16,162)
3,064
545,980
(16,162)
125,582
407,300
532,882
17. Re8tticted fiinds
At I Incomiiig
Jattuary
resoiirce8
2025
Outgoing Contrtbittion
resources
At31
Deceiiiber
2025
Home Office - Ptei¥eJ)t Projects
Ne11 Neighl)oiits PLojects
N C Bellefont*liJ)e- s¢liools
Icesivick Hall_ scliools
All Saints, Ediic4q tion Trusr- schools
22,226
20,825
2,500
{17,0531
{25,4621
{1,7511
{13,9831
12,5041
(272)
(57,571)
(27,410)
5,173
(92)
749
4.545
7,500
5,287
1,722
70,452
27,595
6,483
2,783
1,450
12,881
27,268
I,soo
Hockerill Ediic8tion r,otindition
NRtionEqI Lottery Hptitage flind
Tlie fvltdiodi8t C.hiirch
27,083
Benefacr Trust
PorucLl%- CSE Project
N,114CLG
8,481
(8,481)
(20,150)
(200)
20,15a
2￿
Aintsld Claik Coii)IniEiJiti, Flind
Total testticted fiinds
125,582
94,484
(174,837)
6,483
51,712
National Lottery Heritage FIiAid
Tliis f￿ndtI]g is iised to dehiTer ihe Yvlenior&e8 of living Illell'l'oEethei' project.
Near Neighboiirs Ptojects
Tliis fiii)ding is used to coordiiiate a programnie of neigliboiirhood Comiiiunity, biiildij)g ii) tl)e Citi, oELeicester.
'fhe probMAAmme inLliides 1diiiinAstratin8 i Smiqll Grxnts Fiiiid.
Otl)et restricted Elinds ate ptOlTided bs, tlie donor ivitl) i%SOCi¥Lted re%trietions on use.
22

ST PHILIP'S CENTRE LTD
Note8 to tlie Finaiicial Statementg fot tlie year ended 31 December 2025
17. Restticted fuiids (contihiied)
An21}rsis oEie5tr1Cted fimds-
At I Incoming
Jai)us1ry
resources
2024
Oiitgoitjg Contribution
tesoiirces
At31
Deeembet
2024
Methodist Connexion
Pr￿'ent Adviset- pr￿'c￿￿￿8 cxtremi5m
Home Office - Prevent Projects
Ncal Neighbours Projects
N C Bcllefont2ine - scliools
12,932
212
(12,932)
142,427)
119.107)
{19,381)
(2,633)
(371)
(10,631)
(128)
(10,270)
(15,982)
(o)
(I,000}
42,215
19,107
23,547
379
4￿45
2,633
-371
10,918
1,850
10,782
15,982
P & C Hickinbotham - sclinols
All s￿ilts, F.duc2tÉon'l rust- sclioo18
5,000
5,287
1,722
27,595
Hockeiill Ediication Foundation
The Tr.lethodist ChuEch
Leiccster City, Council- Deiiienti1
Kesivick 111& ll - scliools
Leic5 & Rutland Conit]iiiiiit51 Futid-
Ricliftrd BonneiT Literoc), Fuiid
UOL- Iltteiiboroiigli AL'ts Ccntre
Natioii&11 Lottei)T Heritage Fund
Scl)uols l.inking
Puiticiis
CSE Project
SIL Halle). S. teivArt
h.[ B Reckitt
NHS Leicestet
27,083
7,500
1,000
7,500
874
(874)
(14,020)
(9,890)
(40,035)
(4.800)
(3,480)
{2,050)
24
84,448
2,000
26,030
70,452
7,890
22,486
8,481
3,480
1,250
Total restticted funds
96,034
239,180
(210,011)
379 125,582

ST PHILIPIS CENTRE LTD
Noies to the Financial Stateiiients fot the yeat ended 31 Deceiiibet 2025
18. Unteslticted fuiid8
At I Incoming Oiitgoing
Ttansfers/
At31
Jani¥ary
tesources
resoiitce8 contribiitlOAiS December
2025
2025
Designated Fiinds
ope￿￿On￿l
PLeini%es Dei'clopment &
Communic41tion Tcclinologi,
Oiigoing Projects
266,000
271,000
10,000
92,000
10,000
92,000
{2,250)
2,250
.368,000
{2,250)
7,250
373,000
Gelieral Fund
39,300
205.743
(192,027)
(7.2501
45,766
Total utttestticted fuiid8
407,300
205,743
(194,277)
418,766
De8ign9ted Fiinds
Tlie OperatioJ)Il Fund his beLii establislied to COlTeL nijie iiioJ)ths of tR]iiiiing costs, Rnd C(iiitingenc}' to
llow for possible redund&lt]ClT And ptnject closure expen5L'5. This ivas increii sed From 6 to 9 nioiitlis in
2023 btcliise OE tlie loss OF tl3e F4oJiie OfficL fundit]g in 2024 qiid hopefulli, Ivill gii'e lis tiille to soutce
othei Fuiiding.
"11ie PreEnises D￿Te10P1]Ient & C.ominiii)ic1tioiis and Tvclinolog), Fiiiid Alloivs foi tlie upgrnde oFSt l)lii]ip's
Ploiise e.g. floorii)E and fo¥ tlie iipgr#dc 0Ftechnolo￿, %}TStein8. T1)is Fut)d is eNpected to be US￿ oi'et die
iiext fil'e }'e41rs.
Tlie Ongoiiig Projects Fiiiid AllOil￿ the Cei)tre to conuniie NVOLk uii IL Iiew coiiiiiiuiiity mi21)piii8 i)roiect.
Tliis iyeAr Ainds l)Aire been set ?side to c?Iloiv for eNpeiidittiie Eoi oiir 25th annitreisqii, in 2026 to promote
the ivork OE tlie C.ei)tre lind Jiow qlso ftlloivs tlie Cetitre to oEfeL $ltbsidies to fiiLtlici ifield scllools.
GeiietAI Fund - 'lliis repiesentb tlie Eice funds OE tlie cli&1fityT wliicli &lrc i)tst des1￿Jared Eot PAttttLII2L
PIIiPOSL5.
24

ST PHILIP'S CENTRE LTD
Notes to the FinancA*I S¢atemert¢8 for the yeat eiided 31 December 2025
18. Unrestricted fiinds {continiTed)
Ujiicstricted Fuiids- prioL )Teir
At I Iiicoftiing Oiitgoing
Transfers/
Jaiiiiary
resources
re8oiirces contribiition$ December
2024
Atjl
2024
De8Agn8ted furtd$
Operntionkl
Pren]ise8 DeiTelopinet]r &.
ComtDuiiication TeLhnolo£)'
Oiigoiiig ljrojtcts
283,000
(17,000) 266,000
10,000
62,000
10,000
92,000
(7,000)
37,000
355,000
(7.000)
20,000
368,000
General fiind
14,821
214,070
(169,591)
(20,OIK)) 39.300
Total iinrestsicted fiinds
369,821
214,070
(176,591)
407,300
19. Gifts in kind 8iid donated sernice8
DuLiIig the )TeAr tl)e followii)g £ift8 in kind and donated services U￿re received Froiii the Lticester Dioces
B0￿d of Fin1nce:
2025
2024
Stxff S14 laries
Rei)t
19,078
9,613
476
19,483
9.424
766
Insiirance
29,167
29,673
20. Agency attaiigeAiients
Lciccstei Citi, Councit Lcceii'es a GLant from the Hoiiie Office for Prevent Ptojects. Tlii5 Iiione} is paid to
tlie Cliatsty, Ni,ho then i)ay tlie Project pmidtrs.'fhig incoine 2nd expcndittire is i)ot slioivn in Il)e Rccoiints
uf tlie Cliiirity,. A totli l of £0 (2024 - £74,245} ii*s piicl to the project proiTideLS in tl)e }Teir.
21. Coiitrol
Tlie cliarityp is under the conuol of the Tr￿stee5.
25

ST PHILIP'S CENTRE LTD
Notes to the Financial Statements fot the year ended 31 Decembet 2025
22. Pension comniilinent8
Chutch Wotkers Peii8lOAI Fviid (CIVPF)
Si Ph%lip'% CentLe Ltd i)&irticii)Ites in tlit ljensioii Budder Scheine 5ecUon of CIVPF For lft)T 8t1ff. CIXKPF is
adiiiinistered bj, the Chuicli of Ei ng141nd Pensions BoArd, wlikeli holds tlie cKiri)F 1ssetS Sep￿1 atels. froiii
diose OF the EmployeL and the otl?er partiripatiiig cinployers.
CKXIPF has trvo secUon5'.
tl)e Defined Bencfits Scliciiie
tlit Peiisiot) Biiildet Sclieiiie, which l)as two subsectioiis;
? deFeited Rnnuit)T section ktioivn Pensioii BuildeL CI?L SSLC. 2nd,
R C&1811 b11at)cc section kniown a% Peiision Builder 2014.
Pension Biiilder Scheme
Both scctions of die Pen.8ion BuAldcr Sclienic iqie clL2s%ed l& s definL,d benef1¢ stl)emes,
Peiision Biiildet Classic proiTide8 21)ension, xcaiiiiulated Eroni contribution5 paid and coiii'etted into
defeti'ed 2nnEllty, diiriiig eiiiplo5JlmLnt bi2sed on terin4 set ind rCviC￿Tcd bsr tlie C.hiErcli of F.t)gl2nd PEnsions
BoilLd Eroiii tit)ie to titnt. Discretion14 t}, iiicre15eS tiia), be added, dependsng on ini'cstmcnt tctt11115 Id lid
other fActors.
Pension Biiilder 2014 is C24 sli bii12nc¢ qcliei)IL that pi'oiFides 1 liimp Sum ivliicli Ineiiibers iise io proiyide
b￿le[Itb fit rctirement. Pensioii Contributions recoided ij) Iln llccouiit EOL eqi cli ineiiiber. Discretionill),
boiiiises inai, be iqdded before LetiL'eiiient, dependiiig oil ini'estment rettitJlS 111d otlier factors. The accoiint.
pIIis &1111, boiiusLS de£lored is p#Jri¢ ble, iinrediiced, From age 65.
T11eie is no sub-diiri%ion of aSSLts bchveen eniplrji'ers in e&2ch sectioii of the Pension Builder ScliL'ine.
The scheme is con.%ideLed to be a inulu-emi)loyei sclieme 41S desctibed in Section 28 of FRS 102. This is
beeaiise it is not Pobsible to attribiite the Pensiot) Buildcr Sr.he.nie's assets ancl IiAbib'ties to si)ecific
eiiiplo)'trs Aiiil iiiefitis tliat contribiitioiis xre iccoiinted foi if tlie Scl)etiic we.tc i defined ronu'il)ution
scheinE. The i)EnssoJ15 Costs cliiiiged to tlic St&lteilleiir of Fiiixnci?l Actiirlties in tlie r ire coi)trihiiuoii8
piyable £7,755 (2024.. n,721)-
v.Iluitioii of tlie sclieme is cirricd uiit once every, three yei2rs. Tlie mosi recent sclieine iF21uition
completed ivas chrtied out IS at 31 Deceiiiber 2022.
For d)e Pen81011 Builder Classic sectioi), tlie vniu14 tion rei'eAled Slltpliis of £34.8m on the ongoing
Issiiniptioiis iised. At tlie nioqt recent inniitl iffiricw effectii'e L Ja￿lI￿, 2026, tlie Booid those to graiit a
discretioti?4, boniIs of IOO/o to both pet]sions iiot yet ii) Plsyinent lind pcIisioI)￿ iii Pt2irJ]ient iii respect OF
5erFice prioi to April 1997,. Aiid boiius oil peiisiot%s in pai'meiit in iespecr nf po%t April 1997 senTice 50
that die i)en$ion incLeqi SC Ivli 5 also IOO/o {Ivliere iisiiftil)T Éi iiiould be calculated b15ed oil inflation lip to 111
.InnLI?I I cip OE 50/0 for i)eJiglOnS Ill P&l)?IMent ljl I'C5pect of setvices prior to Apijl 2026 aiid 2.50/0 fni pen8&oJJs
in paj'nienr in re.qpeit of S¢nrice post April 2006)- Tliis lolloived improirenients in the hnding Position
oi'ei 2025. TlieLe 18 no requkLemei)t for dcfirit PASTinents tTrt the ciiirent ttine.
Fot the Ptnsioii Builder 2014 section, tlie valiiii(oii rei'eiiled a surplus OF £8.5t)i oil the otigo&iig
1ssuinptions used. Tlieie 18 no tequEreintJit for deficit P2}Tment$ nt the current tinie.
The C.liurch OF F.i)glniid l>en5ions B021 rd igreed thAt 501ne einployeis could use Assets iii tl)e DBS OF
the CIIIPP iii lic￿ OF coi)tribiitions to Pension BITiider CIis5iC atid/ox Ptl15ion Biidder 2014. l'oii ivill 8ee
tliks iiiEorniation on JYQLir D13S stltcmciit which ivill be sent sep21 r%tel)'.
The iiext vftlii*uon 18 dLie At 31 DeceL￿ber 2025.
26

ST PHILIP'S CENTRE LTD
Notes to the Fingtkctal St*teinent8 for the year ended 31 December 202S
Tlie leyl 5tL'liCtute OF tl)e 5chei))e is sucli that if another emplo}Ter f*iLs, St Pliilips Centre Ltd coiild becoine
respoiisible for PlL }Tlllg % sliare of tlic fajlcd emploiTer's pension liibilities.
Othet Pe118ioiI Coinmitments
The cliArityr alsv l)ad pension coiiuniwietiis ivith other pensioii piovidcrs. 'fiie amouiit5 paid into tliese
other scliejnes and ch8rged to tlie Stltemeiit oFFinancial Activities dLILing tlit STeAV Ajnoutited to £0 (2024..
nil).
23. Related party tratt$actioh8
Duiing the Irear tlie I.eicestf r Di(Jce%iJi of Finllnce (LDBF) donated 8ervices, fAciiitics and futids to
st Pliilip's Centtc 3tnoutititig to £"29,167 (2024 - £29,673) aiid PLOITided gt2L tits of £49,851 (2024 - £47.192).
Thoiiias Ill&lsoii 1$ 1 nicmbei of the Diocesaji Synod OE tlie LDBF.
Diiting tlie IYLYI St l)l)ilips Centle donired £4,000 (2024 - £4,000} to St l)hilips CIILErcli EQL ¢lie uge OE tl)e
Churcli.
Ja)Tne FLen¢l) Ind F.mini Taphn qre inembers of tlie St Philips Cliuich PCC.
27