Coimpaiiy r¢gislralioii iiuiiib¢i': 05?56570 Charity regFis11'alioii nuinber.. [118049 St. Peter's Pavilion Limited (A Lompany l iiiiilLd by LVLiar<?nlcL) Ai)iiual Report and l-inancial Stc11eiiieiits lor Il)L YLar r,iidL'd 31 DLccinbL'I' 2024
St. Peter's Pavilion Limited Contents Reference and Admin istrative Detai15 Slrategic Report TrLislees' Repoi'l 3to4 Staleiment of Ti'ustees, Respoiisibililies Indepeiident F,xaminei s Rcpoit Stateinent ot Financial Activilies Balance Sheet Notes ro tl)e fiiiaiicial Slateimeiits 910 17
St. Peter's Pavilion Limited Reference and Administrative Details Trustees Miss M Farrimond Mi. B Tayloi- Mi's A Williains Mr P Iliirsl Mr [-. Alleii Mr A Bostock Mr M Hard511an Mr K l-1<1yes Secretary Mi's A Wi111l< 1775 Principttl Offiee I lurst Street Hiiidlcy WigFaii WN? 3DN RLk¥iStL'rcd Office l iirsl Street Wibiaii WN? 3DN 'I'he charity is iiicorpor1< led in F.Iigldlld. Coiii paiiy Rcgi%triition Number 05?56570 Charity Ilegistrlltion Niim ber 1118049 Solicttors HLIL Ili Solis & 131'ooiiic 74 Old CIILlI'clI Sii'L'¢l Mancliesler M402JD Ind¢peiideiit Exam iner P A 141111 & Co BL'LCII Hoiise 23 l.adies Lan¢ FlindlL'y WN? 2QA Page I
St. Peter's Pavilion Limited Strategie Report for the Yexr Ended 31 December 2024 Tlic trustees, wlio are directors foi- thL piii'poses of coinpaiiy law, prcseiil tlicii. stratcgyic repoi't toi. tlie year ciid¢d 31 Deceinber 2024, in compliance with s414C of- Ihe Companies Act 2006. I'lie strategvic report was approved by the trustees of tlie charity on 28th October 20? 5 and signed on its behalf by.. Mi. B 'f¢2yI TrLisle¢ PagJe 2
St. Peter's Pavilion Limited Trustees, Report The trustees, who are dii'ectors for the piii-poses ol. coiiipany law, preseiit the ai)nual i'eport logetlier with tlie rinancial stateineiils of the clicll-ltable coinpaiiy foi- the yeai. elided i l De¢¢inbei. ?0?4. STRUCTURE, GOVERNANCE & MANAGEMENT Coverning Document The chai'ily is controlled by its govcriiing7 docuineiil, a deed ol. trust, and conslitules ti lim ited ColPanY, liinited by gJLiarai)ieL. as d¢fiiiLd by the Conipaiiies ALt 2006. Organi511tionMI Structure 'I'lie Ixeclilive Coiniiiiltee al'e responsible tor tlie day lo day I'Liniiing¥ of tlie l)avilioi) arid Ilie Mliiibers liave I'espoiisibil ily elecliiigi tlie fxeLiilive coiiini itlee diid tlie f Ili<lllLial op¢i'c11ioi) ()f Ilie P£iviIioii. Riy1< Maiiagcment -riiL IriislLLS li<lVL' cl (lilly lo rLVILW 11)L' I'isks to wliicli tli¢ cli<ll'ily is exp()scd aiid to ensLirc appropriatc conti'ols (ire in plilLL l(1 pr(Iv idl I'easoiiablL <l55LII'<lllCL' <lb)<ljl)sl tl'¢iud tiiicl iri-oi.. 'l)L' trii%teL% coiifirm Ilic11 IIiLy I)<lVL I'¢VI¢WLd Ihe ni2ijoi- risks 1(} whicli IIiL cli¢lrily is exposed aiid Ii<iVC est<iblished A dLily on tli¢ Ii'Lislees to coiisider botli thi nature and tlie level of tl)e risk associated with new oi. Coftlinuin aclivitiLS. )lai)ii ii)g lo iiiidci'slc1nd and iiiiligFiilL fii)<lllCicil I'i%k wiiliiii Ilie 01-gF<lll IS<ilioii incliidiiigT I'ebyulai. coiisii Iiatioii willi tIIL ¢lCCOLlI)l<inls lo Ilie coinpany on aiiy i)Iciltei's ideiilil'iL'd a% pol¥iilic111y giiviiigv rise lo I11)ciiicial I'islc. Mainiaii) iiigT adiqu<itL iiisui-aiice cover foi. al l oi'btranisalioiial activities <iiid prL'Iiiisc5. OBJECTIVES AND ACTIVITIVIF.S ObjectiVL'S aiid Aiins "riie prime objective of St Pelcr's Pkivilion is to foster aiid proinote coimniunity development by providinb oppoi'liiiiilies tor I'ecre(Ition, leisiii'e. social inler1c Ction <iiid spoi1 foi. tlie local and wider comiiilinity tl)at can be Liiiderli1ken in a sarc and non_IlireateiiingJ envii'onnienl Ii'i'Lspcclive of agTC4 cibilily. sex, race or rel iiiioii. In ordei. to acliiLve tliis. WL. havi, an agyrLLd coiislitulioii and havL toriniilcltcd policies on Child l)rotecti(Iii. ELiiial Oppi)rluiiiliL'S. Bu Ilyiiigj aiid Race Di5¢1'iniiiialioii aiid Valuiiig C'ultural Diversity. There is a formal Complaints Procedui'e aiid a Code of Coiiduct for ihe Management Conimittee. TIIL aiim ofihe project 15 10 providL a braiid i)cw pavi l ion willi cliaiigiiig rooiiis aiid a coiiiiiiunity Iiall, a ¢l)ildi'cn's play ai'ca. Iniilti-use gJainLs arL'a, coiMniuiiily gc1rdLlI, pei'inaneiil practice iicls. cai. park aiid tlie coinplete t-cnring ot tlie reci'L'alioii urouiid. Pagye 3
St. Peter's Pavilion Limited Significant Activities 111 ?024, the pavilion ¢oi)liniied to noiii'isli with booking?s both daytiine and even ingis / weekends retLiriiiiigJ a li i&li OLCLIP<inLy. We iiow liave many I'egLilar clicnls willi tlie N FIS contiiiiie to Lise us foi. Blood doiiiltion days several d1( ys a year, we liave booked res)Lilai'ly by tlie Ioc<il coiiiicil <11Id Inaiiy Ioc<11 busiiiesses, we li(Ive experienced ali uplift in oiir day-io-day busiiiess aLliviliLs, ai)d L vci)ingi fiiiictioi)s, we hawo foiind oiir user gii'oiips now booking eveiiiiigis wilh us to increasc Il)eii' owii fuiidraisiiiLy activities. providingi lis witli Ilie bai. inLoii)e. Tlie P¢tvi lion iisei. groiips coiitiiiuc lo lake ful l iise of Ilieii. tiiiie clt tli¢ Pavilion witli tlie Rligby cl lib cuniii)LlCS Its Inassive gyrowlh liaviiigy 115 iiieiiibLI'sli ip iiici'ca8c abJain iliis yeic r. Ilie club iiow tield 8 giirls te1( IIIS <111d several juiiioi. ag¥L gTI-()LIPS iiow have multii)le teaims, oiliLI' usLI- gTI'()UP5 COI)liiiucd lo iise Ilie faci lily for Iheii. aeiivilies. the Giiides liave %eLn increased iiunibers and the Boys Brigiade liave suslilil)Ld pre covid IiiiiiibL'I's, Ilie Cricket club field ? <idii11 CLai)Is. Diiringi ?0?4 as ive do ec1cI) yeai., we coiitiiiiied oiir I'Lli'Lsli ol" Ilic Piivilioii c1dd iiig to Iiiid ciili<inLingT oul. l<iciI ilies. i) NoveiiibLr we ¢11so I'aii oui. aiiiiu1c I firewoi'k eveiit tli is is wai'iii ly ¥vL IcoiiiLd [?}' tIIc 1iil£ IIY 1¢ IleiidcLs- IVL kLcp tlie pi-icii)gT (il <1 vcry rL1¢ son<oble livel lo alloiv Inaxiiii Iiiii attor(l¢ql)il ily lo oiii. local coiiiiiiiiii ity. WL 42dded Iroi'L Solai. Paiiels to oiir roof agyain offsettiii& fuliire enei'b'y iiicrcascs. Volunt¢crs TIIL CI)Lll'ily coi)IiiiuLS lo I'cly on Ilie Lrrorls ol Imeiiil)ei's ol'ilie coiniiiiltee 4iiid uiliLr volui)IL'¢rs assisliiiby the c¥iiii' 11)£lll<lgTCI' lo eiisiii'e tlie sinoolli ruiiiiiii&y ot- Ilie Pavilioii. ACHIIVEMfNT AIYD l)r.IlFORMANCE Oui. Groups FollowingF tlie i)ai)deinic OLII. g?I'oups liave been welconicd back lo iliL I)avi lioii aiid e1( cli eiijoy Iheir aclivil ies on site. FUTURE DEVELOI)MENTS In 2025 w¢ will conlinuL Diir sile reiiovoliuiis <?iid iiiiprovLinLnls aiiniiig lo iiiakL tlie Pavilion Inoi'c su51aii)ablL addiiib pulenlially addiiig7 bl< IILIY storage Io OLir exisliiig 5ySteiii. we are lookingJ to secure a g?raiil for l¢iiid di'ic 1115 Iv I'cduLL Ilie chance of floodiiib?, we liavL will also look to SLCLII'C fui)ding lo I'eiiovate l. Inodei'iiise 11)e Walter Fliii'sl Suitc. Page 4
St. Peter's Pavilion Limited
Statement of Trustees, Responsibilities
Tlie trustees (who are also the direclois of Si. Peler's Pavi lioi) Liiniled for Ihe piirposes ot coiiipany law) are
respoiisible toi. prepai'ingi tlie trustee5' report and tlie fiiiancial stateineiits iii accordance witli tlie Un ited l
St. Peter's Pavilion Limited Independent Examiner's Report to the trustees of St. Peter's Pavilion Limited I r¢port 011 Ilic accounts of ili¢ ¢liarity for tlie yeai. ended 31 Deccinbei. ?024 whicli are sel out on pages 7 to 17. Respective responsibilities of trustees and examiner Th¢ IrLlStees (who arc also th¢ directors of the COl7iP4tiiy foi. Ilie piirposes of L<)Inp1L ny l&w) are i-espoiisibl¢ foi. IliL' prep¢21'lc tioii of thL aLLouiils. TIIL Iriistees c01i5idei' Ilial an aiidit is not rLquircd tor th is yeai. undcr seciion 144{2) of the Cl)ai'ili¢s Act 2011 (tlie ?0 I l Act) and that an iiidcpendciii exc1111iiialioii is iieeded. HavinLJ satisfied Inyself that the cliarity is i)ot subject to aiidit linder conip<1ny law diid is cl igible for independeni exaniination, it is iiiy respoiisibilily to.. exainine Ilie accouiils undei- seclion 145 of. Ihc 201 l Act. to lollow the procedures laid down in the g>eiieral Dircclions gyiven by Ihe Cl)ariiy Coiminis8ioiI linder 5ectioi) 145(5)(b) ot the 201 I ALt' aiid 10 siaie wlietliei. pai-liculai. i)iaiiei's1i¢1VC coine lo Iny Iii¢ei)lion. Bllsis of iiidependent exainincr's report My exdin iiialioii ivas cai-i-ied OLIt iii accoi'd<lnce willi Ilie gyLiiei <11 Dii'LLIi()iis iv¢ii by Ilie Cliariiy Coiiiiii issioii. Ai) exc111Iiiiatiuii iiicludes a I'eview ot" IliL' aLC()Iiiilinb> I'¢Loi-ds kLpI by Ilii, Ll)<ll'iiy aiid <7 COlllI)ai'isoi) ol- Ilie accoLiiIIs pi'c.sciilud witli 11i05L I'ec()rds. It also iiicliidcs coiisiderci lioii of aiiy LIIIIISLial iteiii% or disclosui'es iii tIiL accounts, aiid seekiiig cxplaiiaiioiis fi'oiii yoii as IrLISILLS COIICLI'llillb> aiiy such iiiaiicrs. TIIL procedui-Ls uiidcilakeii do iiot pi'ovide all tliL cvideiice Ilial woiild b¢ I'L(ILI li'ed ii) ali <iiidil aiid coiisequLiilly iio opiii ioii is giivLI) as lo wliei5ier tl)e accouiils i)rcsLiil a Ii'iie and tail- VILW. Ic l)d Ilie I'eporl is l iin ilcd lo IliosL iiiall¥is s¥1 out iii IIIL slalciiiLiil bc low. In(Icpciidcnt cxaminer's Statement Iii uoiin¥Llioii willi Iiiy LAdiiiiiialioii. iio iiiattei. has coiiic lo Iny atteiilion.. { l ) wliicli g) ives Imc I'easoiiable causc 10 bLlicve Ihtit iii aiiy Inaleri1< I rLspLcI Ihi reqii ii'Lineiits.' lo keep <1CCOLiiiling> rLC<)rds in ccoI'daiicL' will) sectioii 386 01. Ilie Coiiipic nies Act ?00(); c1nd to pi'ep1c re ic ccoiinls wli icli accord willi Il)L <lLLOLinlingi I'CL<)I'd8. ¢0111 i)ly will) 11)e acc()Iiiiliiigi rcqLI Ii'eiiieiils ol seclioii J96 01 Ilie Coimpaii ies Act ?006 cind willi Ilie iiieiliuds t]IILI priiic iplcs ol. Ili¢ SicilLIIILiII ()[' ReLoiiiiiiLiidL'd Pi <1CliCL'. Ac¢oLinliiigF 1< lid Ilep011inL) by Chai'iliLS liave not beeii ni¢t; oi. (2) lo wliicli, in iiiy opinion, allenlion slioii Id be drawii in order lo eiiublL a pi'opei. Liiiderstaiidiiig? ot. Ili¢ c1CCQLllIt% lo bc reached. kwlLK P M I" Hotl)eisall FCA Beech 14oiise 23 Lc1dies Laiie HiiidlLy Wigiaii WN? 2QA 28tli Octobei. ?025 Page 6
St. Peter's Pavilion Limited
Statement of f4 inancial Activities for the Year fnded .11 December 2024
(Including InL'ome and Expenditure Account And Statement of Total Recognised Gains
and Losses)
Un restricted
funds
Total
2024
Restricted fiinds
Note
Incomc lind Ei ndowments from:
Donalioiis aiid legvacies
Olliei. Ir¢?d iiigv activities
2,385
266.786
167
266,786
167
Oilier Iiicoiii iiibi I'esoui'ces
8.889
8.889
Tolal Iiic()niL
278,?27
?78,227
ExpLiiditur¢ oii:
oili¢i' tl-¢?diii&i <iclivities
(332.111)
{332.115)
Tolcil Expeiidilui'e
(33? 115)
{33? 115)
NLI Ios8
(53.888)
(53.888)
NLt 111()VLiiieiil iii fllllds
(53.888)
(.$3.8881
RLcoiiL'iliiition of fiinds
Total tuiids brouglil torward
(?6.S.7?8)
1166.040
600,312
'rolal lunds cai'i'icd forwill'd
14
{.319.()16
Uni'istrictc(I
fiind.
866.040
546.424
Restl'iLted funds
Total 2023
Note
IIiLuiiie and f4 ndowinents from:
Di)Il
St. Peter's Pavilion Limited (Registration number: 05256570) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 519.019 563,146 Ciirrent assets Stocks DLbiors aiid Pi'Lpayiii¢nls Cash at bank alld in liand 10,750 9,442 33,113 53,305 8.500 41.U87 68,151 Creditors: Amoiints falling diie within olle year 14 (?5:900) (30 1)85) Nct current assets 27,405 37,166 Net as5Lts 546,4?4 600,31 ? Fuiids of the Lliarity: RL'StriLIL.d fiinds 866.040 866,040 Unrestricted iIicoiiie fvn(Is Uiire5ti'icted luiids -.(319,616) (?65,798) Totiil funds 546,424 C)00,31 ? for Il)L'11111¢ llci1c l ycar ciidiiigj 31 DLcciiibei' 2024 tliL cli1¢ I'lly was entitled to exeinpiion froin c1udit undei. seclioii 477 01. tlie Coii)pai)iLs Act ?006 relaliiig lo siiial I coinpai)ies. Dii'ectoi's, I'espoiisibi lilies; Tl)e iiiembLrs hav¢ iiot requircd the cl)ai'ily lo obtl6 in an aLidil of its IlCCOllliis for tlie year in queslion in accordaiice willi SLCtioii 476- aiid T]ie dii'ectors acknowledgTe Iheii. respoiisibilities for coinplyiiigy with Ilie I'eqiiii'enieiils ol tlie Act witli respect to accounlingi records and Ilie prepill'cltion of accoiint5. TIILse accouii151)ave been pi'epared in accordance with Ilie provisioii% ai)plicabl¢ lo coinpaii ies subjecl lo ilie 51nal I coinpaiiies regiine. Tlie tiiiancial slalcnients on pag?es 7 to 17 were approvcd by Ilie trusle¢s, and auiliorised tor issue on 28th OclobLI' 2025 and sigyned on Il)Lir beliaif by.. Mi. B'lay oi. Truslee PaLr¢ 8
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity status Tlie charity is a clic1rity liinited by gTiiarantee cind coiisequently does not l)av¢ sliai'e capitcil. F.ach of tlie trustees is liable to coiiti'ibule (Iii ainoiinl not e.KceLdiiigF £Nil iowards Ili¥ assels ol. Ilie cliai'ity iii Ilic event of. liquidation. 2 Accounting policies Sii Inim Ai'y of significant accoiinti112 policies and key accoiinting estimates TIIL, pi'iiicipal accoiii)liiib pol iCiLS <ippliLd in 11)e prcpai'lc lioi) ol. IliLsL fiiianc i(1151aleinenls al'e set out below. These policies liclVL be¢ii Coiisislently api)l led to (111 tl)¢ yeill-s PI'CSLiIILd, LinlL44 ()Il)L'rwise slqi led. Slatenienl of c()m pliance Tlie tIllLIIICicil s1¢11LinLiils likivc bcLli priparLd iii acci)I'd1c Ilcc WitlI ALc()Liiiliiigi <?nd Repoitinb by Chai'ilies.. Sic11LllIL'nl ol. IILL'()IniiicndLd l)rciLIiLC <lPI)lic'ablL lo cliarilies prepc11'11)11 IlILir accollllts iii aLc(?I'd<lllCC will) Ihe l.-ii)Ii IIC11c I Ilepoi'liiig Si<in(Itird ¢ippI iclc blu in Ilie UK <liid Ilepublic ot Irclaiid (F Ils 10?) (effeciive l JanLiary ?015) (Cliarilies SORP (FIIS 102)), IIIL fiiiancial Repoi'ling Standard appl icable iii Ilie UK and KepLiblic of Ireland (riis i o?) and tlie Coinpaii ie.5 Act ?006. Basi5 of pi'cparHtion SI. l)LtLI s P<iviI ioii l.iiii iled i))Leis Ihc definition of a public benefit eiilily undlr fr RS 102. AssLls aiid liabilities arc iiiilial Iy I'LCOglli iscd al liisloi'ical cosl oi. Iraiisaclioii valuL un less oilierwisL slalcd in tlie relevant aLcouiitiiig policy n()ILs. Going cniiccrn TIIL Ii'Lislces coiisidcr Ilial there are no iiialei'i1£ l Lincei'laiiilies aboiii ilic cliai'ily's abilily lo coiiliiiue as a b70111 concLI'ii nor aiiy siginificaiit ai'eas ot tincerlainty Ilial (Il'lecl IIIL cari'yiiig) valLlC ol. (15scIs IILld by tlie cliurity. F.x¢'in ption fi'oiii prcp#i'ing wi casli flow statcincnt Tl)L ¢l)411'ily oplLd i() L'arly 1¢ dvpi Bli IILlin I PLiblisli¢.d 011 2 Febriiary ?016 and11¢1ve Il)ereloi'e iiot incllidcd a ca%h tlow slcil¢iiiciil iii tIiL'SL' fiiiai)cial sttilLIIIL'ni5. li)L(Ime aii(l Lll(JowmentYi A I l inLI)Iiie 15 1'L'LUg?1115Ld once Il)¥ ¢liai-ily lia5 eiiliilLI)ILiII lo IIIL incoiiil. it 15 pi'obabl¥ Ihal Ilie incoiiic will be r¢LLivLd 1L lid Ilie aiiiouiil ol. Ili¢ iiicoiiie reLLivablL cali b¢ IMLasurLd I'LI iably. Diiii(Ili(iii,i (iiiil leA*iiLle.% Doiialioiis al'e I'eLI)siiiiscd wheii tlie cliarily lias beLn iiotified iii wi'ilingi ofi)oili iIiL dlllOLII)l (Iiid settleineiit d<lte. Iii tlie evL'iii Ilial a doiiation is subjLcl lo coiidiliuiis Il)(il I'¥quir¢ a ILVLI of PLrloi'inaiicc by Ilie ¢liarily beloi'e the cliai'ily is eiilitlLd io tlie fui)d5, the iiicoille is delerred <iiid iiol I'Lc()gFn iSLd Liiili l eill)ei' tliose coiidilioiis are tiilly mct, oi. thL l ulfilinciit of those condit'iolls 15 wholly witliin the control of the charity and it is pi'obable tl)at these condition5 will be fu Ifilled in the reportii)g period. liiiye.s1111¢•iil iiicoiiie Dividcnds are I'ecogyn ised once Ilie divideiid lias beeii dLclaird and iiotiticatioii lias beLn received of tlie dividciid diie. Page 9
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 December 2024 Ixpenditu re expendiliiiy is rL¢ognised once thei'e is a legal or consli'uctive obligratioii to Ilial ¢xpundiliire, il is probable settleiiieiil is requii-ed <?iid Ilie 1cll)OLinl can be iiieasui-ed I'eliably. All costs al-e allocclled to tlie applicable expL'iidiliii'c headin,, that ag(Ji'egyatc slim i lai. costs to that caieg)ory. Wliere costs cannot be dii'ecily 1( Ilribiiled 10 particular lieadingrs they have been (Illocated 01) a basis consistent with the use of resoiirces, with central staff costs allocated on tlie basis of iiine 5peiit. and depi'eciation chargJes allocated oli the portion uf tlie a55et'5 use. Otlier supporl costs are allocated based on the spread ot" staff costs. Riii5iiiA'fuiiils I'liese 1< re costs inciii'red in allractingy vollintaiy inconie. tlie managycnieni of. invcslments and thosc inciirred in IradingF aciivilies 1111¢ t raisc fLlI)ds. Support costs SLlPPi7It c()sls iiiclLidL cei)Iral functiOl)5 (ind l)¢1ve bciii al local¢d lo activity cosl ¢al¢gioi'i¢s on <7 basis consistcnt will) the use of I'esoui'ces, lor exainple, al locatiiib pi-opeity cos15 by tlooi- ai-eas, or per capita, statf costs by tlie tiine spent aiid othLr cost5 by t]iLir usabje. Taxlltion I'l)L' cl)cll'ily is coiisidcrcd Io p(is% 11)e ILsis sei oiil iii Pal'i¢ gii'apli I Sclicdulc 6 0l.tli¢ Fin4111ce Acl ?0 l O aiid Ili¢r¢lor¥ il IncLts Ilic delinition ot. a clic1ri11c ble COlmP1c iiy for UK corpor1( tion tax piirposes. According¥ly. tlie clicirily IS p()ILiili<il Iy Lxeimpi Iroiii iax<ilion ii) re%pccl ol. incoiiic oi. Cl¢ pilal gJaiiis I'eceived willi in Cc1tcLioi'ies cov¢i'ed by Cliapi¢i' 3 Pc11t I l ol. IhL Loi'por<l1ioii T<iX Aci 2010 oi. SLclioii 2.56 01"Il)L 'l'ilxalioii ol'Cliai'g)Lable Gaiiis Act 19()2, to Il)¢ exteiil Il)at SLICII iiiLoiML QI- gJ1< 1115 <ll-e ii ppl iLd LxclLi8ively to cliai'iliiblL' l)ufposL'S. Til iigible fixed assets lid ividllcil I IxLd <lsse15 cosling £?£O.00 oi. iiioi'e fll'e iii ili<il ly recorded at cost, le%s any SLibseqiiLnt acciiiiiLilal¥d d¥prLLialioii £111d SLibsLquenl accLIIIILil<)ILd iinpciiriiieiil1055es. Depreciation and ami)rlisulii)n Depi'eciaiion is pi'ovided oil iaiiujible I sxed llS5LlS SO lls io wriie ol"fiiie cost Ol. V<11Lliltion, less tiiiy esiiiiiaiLd residLial valiic. ovei. Ilieir expected usef'ul ecoiioiiiic lite as tollows.. Stock Iiick is valuLd al the lower ol cost uiid LsliinatLd SLlliiig price less costs lo coinplete aiid sell, afiei. dlie Irg1c rd lor obsolete and slow, iiiovinb? slocks. Cost is deteiiii iiied iisiftg? Ilic tii'sl-iii, tii'sl-OLII (FIFO). Trlldc dchtors J'rii dL debioi's are ainount5 diie froin ciislonieis for iiiercliandise sold or Services performed in the ordinary coursc of bu5iliL'SS. 'ri iidL' d¢biors arL I'ecobyii is¢d ini111¢ Ily al tIIL Ii'aiisaclioii pricL'. They ai'L %LibsLqLiciilly iii¢asui'cd (il ainorlisLd c05t usiiigF tlIL Ll'feclive inlci'Lsl iiiLilio(I, IL8S pi'ovisioii foi. iiiipairinLiiI. A pi'ovisiui) for Il)L iiiipaii'in¢nt of tl'1¢ dL' dcl)tors is eslablislied when Ihei'e is objective evideiice 1111( I tlie cliarity will iiot be able to collect all aniounts duc according, to the oi'igjinal terms of the receiv1( bles. Pagye l O
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 December 2024 Cash and cash equivalents Casli aiid casli iqilivc11eiits coiiiprise casli on liand aiid call deposits, aiid oilier sliorl-lerni li ighly liqiiid iiivestments Ilial are I'eadily convei'tible to a knowii anioui)t ot casli aiid are subject to ali insignificant risk ot chaiig)e in value. Trade creditors I'i'cld¥ ¢r¢ditoi's al'e obligations to P<iy for goods or services thai have been acquired in the ordinary course of biisiiie%s Ii'oim siippliLI'S. Accoiints payable are cl<?ssified as CLlI'I'enl liabililies il. Ihc charity does not have an uncoiiditional I'iglit* <11 tlie eiid ot"Ihe I'eporlinLJ period. lo dcter settleiment ot'tlie ci'edilor tor al least twelve i)ionihs atl¢r tl)e I'eporliiib date. I f Ihei'e is an Lincoiidilional rigil)I to deter settleiiienl for at least twelve Inonths atler the reporliiig dalc, Il)ey are preseiited as noi)-cui'i'eni liabilities. I'ade Ll'eLlilOI'S al'e recog)iiised initially al tlie traiisaction price and siibsLqLiciiily me<isured at ainortised cost iising Il)L etlective iniei'est iiiell)od. l1orrowinRs IiilL'I'L'sI-li¥ai-ing burrowiiibvs arc iiiilially I'ccoi'ded al fail. valiie, net ot tl'<lllS<lCtioii costs, Iiitci'cst-beai'iii bori'owii)¥Js aiL subsLLIULiiily cai'ricd al aiiioitised cost, witli tlie dif'tei'encL beliveLlI IIIL. proceeds, nct ot ti'aiisciclioii costs, 1( l)d Ilii. ¢11n()Llllt LIIIL on I'Ld¢ii)Plioii beiiibT I'ecoglnised as a cliargye lo IhL StatLIMeiil ol Financial Activities ovei. IIIL PLriod of IliL rLILvani borr()wiiig. IniLI'L%I LxpLn%c is I'Lcog)iiised 021 tl)e basis ol'llie eifeciive iiitei'est Inethod aiid is included iii interest payablL aiid Bori'DwiiigTS lire clti%%i fiid as ciirreiil licibil ilies unle85 11)L cliarity lias £ili iinconditioiial I'igylit lo defer sellleinLnl of tlie IiLlbilily loi. al Icasl Iwclvc iiioiitlis after Ihc I'cportiiib) d<itc. Fiiiiil striictii rc Uiii'c'sli'iclLd iiiconic liinds are g?enei'al fuiids thi?1 are availablc for 115e clt IhL trLi%ILes' disci'elion iii furihcrancc of. Il)L' objcclivcs ot IliL cliarily. Resli'icted iiicoiiie funds are IhosL donalcd Ioi. L15e in a pai'tlCLI1<1r ai'ea or foi. specitic purposes. Ilie Lise ot wh icli is r¢%li'i¢l¢d lo Ilial area or PLII'POSC. Financial iiistruinents Clii.i.IlfiLiiilipii Finaiicial a%sel% and I'iii&iicial liabi5iiies are recogriij.%ed wliLn Ilie charity becoines a paity lo the contraciLl<l1 in£iiiLial licibilitics aiid eqiiity instrtimenls are classified accordiiig? lu the 5ub5tance of the conlr1cclual ai'i'anLFeinenls ciilei'ed into. All eqlllty in51riiiiiLnl is aiiy coiilncl 1111( l ev idcllcLS a rc5idLial iiiteresl in Ilie assils ol. tl)e Lharily after dedLiclinbJ all ot 115 liabilities. PagFe I I
St. l>eter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 December 2024 RL'LipAwiijlji)ii iiii(l iiiL(i.)ur¢iii¢iil All financial assets aiid liabilities al'e iiiitially measured at transactioii price (inLliidiiig transaction costs). excLPI for those financial assets classified a5 at fair vallie Ihrougih pi'ofit or loss, whi¢li al-e initially Incasui'ed 7£ I fi£ 11- vallie (whicli is noi'nially the ti'ansaction price exclLidii)gJ Ii'aiisaciion cosls}, Iinlcss Ihe arrangreiiieiit ¢oi)slilules a tinancingy Iransaclioii. I l-aii ai'i'aiigiuimciil coiislitutes a tin<1nciiigr transactioii, tlie tlll(inci(Il assLI or tinai)Ci¢?I liabiliiy is In¢asurLd at the pi'esent V<ilue ot tlie tutLlI'e payiiiLiils discouiiled al a i))ai'kLI f¢11e of iiiierest toi. a slim ilc1r dLbt instruinent. Financial assets aiid liabilities are only offset in the slaieinent of fiiiancial position when, and oiily wlien thcre exists a legvally enforceable I'ig,lil lo sel otrthe I'eL()giiiised ai)ioiiiiis and IIIL cl)arily Iiiieiids eiih¢i' lo settle on a nel basis. or lo I'ealise tlie assei and settle tl)e liability SllllLiliaiiLoLisIy. Fiiiancial assets are derecog?iiised wlicn and only wlieii a) Ihc coiitractiial rights to Ilie casli fl()ws trom IliL I Inaiicial asset Lxpii'e or air scttlc(I, b) IIIL Lh<iril}' lraiisfcrs.lo anoilicr pai'ly %iib%l¢iiili(IIIy kill ol. tlic risks aiid rLwai'ds of ownei-ship of tlic finaiicidl assL't. or L) Ilie Ll)tii'ily. dcspill liav iiigi rLlaiiicd soinc, bul iiot al I, sigiii ificaiit risks and rewards ot" ownersl)ip, lias transferi'cd coiiti'ol of Ilie asset to aiioll)Lr party. in¢iiicial liabi lities Kire dereco&7nised oiily wlien Ilie obl ibTlc lioii specified in the contract is di.schargv¢d, canccllcd oi. expires. Pagy¢ 12
St. Peter's Paviliun Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
DLbr iii.%lriiiiieiil.I
Debt insli'umenls which meet the followingF conditions are subsequently Ineasiired al amortised cost using the
cIYcLIIvL' 11)ILresl ii)LAiliod..
{<l) Tl)L L()IilraLliial I'Llurii lo ili¢ liold¢i' is {]) a fixed aiiiouiit. (i i) a positive fixed I'atL or a positive vai'iable ral¢;
or (li i) a coinbii)alioii ol. a posilivL or u iicgalivl I IA¢d I'ul¢ ai)d a positiv¥ vai'iablL ralL.
{b) Tlie coiilract may providc loi. r¢payineiils oftlie pi'incipal oi. tlie return to the holder (but iiot botlil to be liiikLd
to a 5i1I
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 Dccember 2024 Deriv(Ilivefiii(iiiLiiil iii.slruiiieiil The cliai'ity uses derivative finaiicial iiis¢ruinLiits to reduce exposure to t"oreigFii exchaiigye I'isk aiid interest rate iiiovements. Tlie chai'ity doLs not hold or issue derivaTive financial instrliinenls foi. speculative purposes. Derivalives are initially recoyjnised at fair value al the date a dei'ivaliv¢ coiiti-aci is eiitered into and icre SLibseqiiently I'eimeasiircd lo Il)Lir fail. VÉ11ue at each I'eporliiig dale. TIIL resulliiig gY<iili or lo.%s is reLogynisLd iii stateimeiit ot fiiiancial icctivities iiiiinediately unless the dei'ivative is desig)nalLd and effective as a h¢dgiii& iiistruiiient. iii wliicl) Lvei)t Ilie tiin ing) oftlie I'ecog)n ition in stateiment of financial aclivilies depciids on thc naliiir ot Ilie liedge I'elationship. Fiiir iJ{Ilii( iiicii,iiireiiicJiil Tl)¢ b¢sl evidence ol. lair valLIL is il IILiuILd pi'lLL foi. ali idLiilical asset iii ali ciclive liicll'kel. WlILii quolLd pi'ices ic I'C Iinavai11c ble. the pi-ice ol. cl i-ecLnl li cinsaclioii foi. an ideiilical assLI i)I'nvid¥% LV idLiice ol. laii- valiie as Ioiigy ils IIILI-L ias iiol been a 51gTnificaiii cliangFL in ecoii()iiiiL cii'ciiiiislaiices or a sigiiiil Icaiil lapse ot tiii)e siiiLc tl)L Irai)saclion took placL. Ir IliL Inui'kLI is not activ¢ aiid i'¢cenl tl'(t1l5aLtiuiis ut til) idLiiiical asset on tlieii. owii are not a g¥ood Csliinale or rail. value, tIIL fair V¢iluL is LsliiiialLd by usingy a valuatioii tecliii ique. 3 Income froin doiilltions and legiicies Tot#1 2024 Total 2023 GcJi¢i'ul Donali()ii% aiid l¢baci¢s: onalii)ii% li'oiii ind ividlials - Uiirestricled fliiids Dunali0115 li'oin individuols - RLslI'iLILd Fiiiids ?,385 2,385 2.804 ?,385 2,385 2,804 4 Income from other trllding aetivitles Uii I'estricted funds Total 2024 Totml 2023 General Trading) iiicoime; Iiicoine froin sale of donatcd gyoods and scrvic¢5 S<iles of g?oods aiid scrvi¢¢s 10S.036 161.750 266,786 105.036 161.7.fj0 266,786 123.630 1.$5.181 278,811 Pagle 14
St. Peter's Pavilion Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
5 Investment income
Un restricted
runds
Total
2024
Total
2023
General
Inleresl receivable and similar inconie,.
Inlei'est I'eceiv4ible on baiik deposi15
167
167
548
6 Other Ineoming Re50urce5
Uiii'eslricted
fujids
Tot#1
2024
Tot#1
2023
Gener1
Gi'ants I'L'CLIVLd'
8,881)
8,889
42.363
7 Net illL'lllii ing/()iitL¥oiiiuJ ri'50urces
Nel oiilgjuillg) I'eSOLlI'ces loi. tlie year include:
2024
2023
DcprLLl£11ioii of fixed
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 Dccember 2024 10 Taxation ThL chariiy is a registered chai'ity and is tlierefore exeiiipt fi-oin taxation. 1 l Taiigible fixed assets Lnd aiid biiil(lings Fiirnitii re and cquipment Total COSÉ Ai l .laiiuary 20?4 1.006,060 395.616 1.04.5.621 Ai 31 Deccmber 20?4 1,008.453 401,483 1,409.936 DLpreLilltiiJn Ai l Janiiary ?0?4 Cliiirge for Ilie yeai. 517,478 3?1.052 19,63.5 838,530 52.387 Al 31 Deceniber ?024 550 ?30 340.687 890,917 Net buok value Al 31 D¢rciiiber 2024 458,223 60,796 fj19.019 At 31 DecLinber 2023 488,582 74..564 f63.146 12 Stolk 2024 2023 SIoLks 8,500 13 Debtors 2024 2023 TradL debtors 6.978 2.464 9.442 17.388 1.176 18,564 Pripayiiieiits 14 Cre(Jitors: amounts falling due within ont year 2024 2023 Trade crediloi's Oil)er laxalion and social seciirily VAT 9,387 4,137 7.495 1.360 3.5?1 25.900 11.-fj88 4,197 7.425 1,500 6.?75 30.985 Incoime in advance Accruals Pag?e 16
St. Peter's Pavilion Limited Notes to the Financial Statements for the Year Ended 31 December 2024 IS Fund Blllance at Jaiiuary 2024 Iiicoiiiing re50U I'Les Rcsources expended BalAnce at 31 Deccinbci. 2024 Unrestricted fut]d5 General 265.728 (?78,227) 332,115 319.616 Restricted funds (866,040) (866,040) Totxl fiinds 600.31 ? Blllance at I Jllniiary 2023 -(?78.??7 liicoin iiig resources 332,115 %46.4?4 alance at 31 December 2023 Resourles expen(led Unrestrictcd funds Geiieral 25?613 {324,526) 337.641 2()5.728 Restricted flin(15 1866,040) (866,04U) Tutal funds (613,4?7) {3?4,5?6) 337,641 600,31?) 16 Aiialysis of llL't 1155Lt5 betWLeii fun(Is Un I'tstricttd fiinds GL'nei'MI Total funds Tanu7ible 15xed c1sscIs CiirrL'iil 11Ssets 519,019 -53,305 {?5,900) .519,019 53.305 (?5.900) 'rotal net iissets 546.424 546.424 17 A TiiIIysis ol. net funds At l January 2024 At 31 December 2024 Cash flo Cc1sII c1t bank aiid iii liaiid 41.087 (7,974) (7,974) 33,113 Net debt 41,087 33,113 Page 17