REGISTERED COMPANY NUMBER: 06785020 (England and Wales) REGISTERED CHARITY NUMBER: 1131544 of the Trustees and Unaudited Financial Statements for the Year Ended 31 Jan 2021 for Perivale chrilan Centre GB & CO. Chartered Accountants 73 Dryburgh Gardens Kingsbury London NW9 9TY
Contents of the Financial Statements for the Year Ended 31 Jan 2021 Page Report of the Trustees I to 4 Independent Examinerfs Rewrt 5 to 6 Statement of Financial Actxvities 7 to 8 Stst¢m¢nt of Financial Position 9 to 10 Notes to the Financial Statements 11 10 17 Detailed Statement of Financial Activitie5 18 to 19
rt of the TnL8tees t-or the Year Ended 31 Jan 2021 The trustees who are also directh of th¢ clwity for the purp)ses of the Companies Act 2006, present their report with the financial statanents of the clwity for the year ended 31 January 2021. The truste¢s hav¢ adopted the provisions of Accounting and Reporting by Cbarities: Statement of Recon]mended Practic¢ applicabl¢ to charities preparing their accounts in accordance with th¢ Financial R¢wrtiDg Standard applicable in the UK and Republic of Ireland (FRS 102) (eff¢ctiv¢ I January 2019).
R ort of the Trustees for the Ycar Ended 31 Jan 2021 ACHIEVEMENT AI¥D PERFORMANCE Charitabl¢ adivities The &ssets and liabilities of the previous Tnt clwity No. 293404 were transf¢rr¢d to this Incory)orated Charity at ¢lose of business on 31st January 2010. An amount of £10 has b¢en retained in the Trust so that it is available should firture legacies E¢ given to it. This action l)&s been taken as a result of legal advice and thar 11 no difference in the way the work is seen or in the services that it offers. As trustees, we review our aim& objectives and activities each year. We have refeTred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our futur¢ tivitieS. In particular, the trustees consider how planned activiti¢s will contribute to the aims and objectives they have set. Our work involves Jneeting people who we can help through prayer, discusston and using various fornis of literntur¢. The Retail Environment has changed significantly over the past few years. However. &s the only Cl]ristian Bookshop in a wide locality we continue ts) play a strong role in SUPPK)rting our customers with Christian books and materials. During this past year we have seen the unprecedented challenge that Covid h&8 brought This bas dramatically affected the way that we have interacted with our customers. We have experienced around 5 months of lockdown in the past y¢ar and lockdo was still in place at the end of this financial year. A¢knowledwg that many of our regular ¢ustomers fall into more vulnerable categories with regards to CoviiL even when we have reduced our opening hours to compensate for less customers. In January, we were able to provide a call and collect service, even with the shop closed an¢ in some c&ses, provided delivery of items needed. As we look lorward to coming out of lockdow many of our regular ¢ustom¢rs prefer to visit to view for themselves rather than rely on online purch&ses. They seek advice especiatly with regards to Bibles and our sales focus is nIntained in the sales of Bibles. children's books and gifts. Our current stock mix reflects the demand that we experience and therefore a wide range of bibles continues to be n)aintained. Supply of bookstalls to churches is nornmlly an im•t way in which we support and assist them in providing Christian Lit¢ratur¢ to their contacts and congr¢gations. Our contacts with local Churches and Cbristians have been a means of mutual encouragement and practical help. Unfortunately, due to Covid and churches being closcd this bas been at a minimum in the last year and we look forward to this reti]rng after lockdow We are gratefid to that our services have ken Maintain du¢ to the SUprt of our loyal local Churches and Christians.
Perii"aIe Christian Centre ort of the TnteeS for the Year Ended 31 Jan 2021 We have been gratefill for the various retail and Governn]ent grdnts that have been available to us in the last year, especially when it b&s been necessary to furlough most of our employees. Our finances continue to operate very tightly, however we maintain sufficient available ieserves which have been built over a numb¢r of years lo assist in times of difficulty and this has Proved itself in the past year. We expect our finances to continue tightly into next year &s the county recovers itself. Our staffing stThtUre consists of Martin Deadman who continues to oversee the work on a part-time basis working in Perivale one day per fortnight assisted by Devon Cowan as Assistant Manager working five days per week. We operate with three part-time employees and one Saturday employee. We are grateful for all those who give their tin]e and energies to the worK including volunteers. Without them it would not be possible to carry on. Some give titne to work in the Bookshop, while others give their time and advice in the teclmicai and professional areas. If we had to purchase this technical advice it would cost us many thowsands of pounds a year. We continue to lease our premises in Horsendcn Lane South to Hope Community Church which they maintain as their church premises. W¢ are ple&sed to acknowledge the Christian outreach work that th¢i' maintain there. The Christian cent and IN)okshop is valued by many &8 part of the life of the Perivale community. Reflecting local nature, three of our seven Trustees live in Perivale with a further one other INithin a fil'e mile Tadius. As e look to the future, we see challenges and opp)rtunities. As ever we need to trust God to lead and provide for our needs. Martin Deadman Page 3
PerivaIe Christian Centre R ort of the Trustees for the Year Ended 31 Jan 2021 STRUCTURE, GOVERNANCE AIW MANAGEMENT Governing document The cl]aTity is controlled by its governing documenL a deed of ttvsL and constitutes a limited company, lin]ited by guarantee, &s defined by th¢ Companies Act 2006. REFERENCE AND ADMINJSTRATtVE DETAILS Registered Company number 06785020 (England and Wales) Registered Charity Dumber 1131544 Registered office 90 Bilton Road Perivale Greenford Middlesex UB6 7BN Trustees B Haylock M Naisby Reverend C Taylor S Taylor M Handley A Johnson Company Secretary M Deadman Independent Examiner Getachew Beshahwred MBA. BFP, FCA. PMP. MCSI Institute of Chartered Accountants in England & Wales GB & CO. Chartered Accountants 73 Dryburgh Gardens Kingsbury London NW9 9TY This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatin8 to small companies. Approved by order of the board of trustees on . by: signed on its behalf M Deadman- Trustee Page 4
Inde dent Examiner's Re Perivale Christian Centre rt to the TnWees f Independent examlDer's report lo Ihe Inee8 of Perivale Christian Centre ('the Company.) I report to the clwity trustees on my examiDknon of the accounts of the Company for th¢ y¢ar ended 31 January 2021. Responsibilities basi¥ of report As the charity's trustees of the Company (and also its diTtOrS for the PUTtx)ses of company law) you are responsible for the prq)ardtion of th¢ accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to Ix audited under Part 16 of the 2006 Act and are eligible for tndepend¢nt examinthO I report in respect of my examination of your charity's accounts as carried out und¢r s¢ction 145 of the Charities Act 2011 ('tbe 2011 Act,). In canying out my examination I have followed the Directions given by the Charity Comn]ission under section 145(5) (b) of the 2011 ACL
Ind ndent Examlner's R Perivale Christian Centre rt to the TnLStees of Independent examiner's Statement I have completed my examination. l ¢onfJrn] that no matters have come to my attention in connection with the examination giving me Ca to believe: accounting records were not kept in resM of the Company &s required by section 386 of the 2006 Act. or the accounts do not accord with those records; or the accounts do not cornply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter Considered &5 part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Repx)rting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)). I have no concerns and have come across no oth¢r matters in Connection with the examination to .hich attention should be drnwn in thxs rep in ord¢r to enable a prow understanding of the accounts to b¢ reached. Getachew Beshahwred MBA BFP FCA PMP MCSI Institute of Chartered Accountants in England & Wales GB & CO. Chartered Accountants 73 Dryburgh GardeDS Kingsbury London NW9 9TY
Statement of Financial Activities for the Year Ended 31 Jan 2021 31.1.21 Unrestricted fimd 31.1.20 Total funds INCOME AND ENI)OWMENTS FROM Donations and legacies 1,000 265 Other charitsble a¢tiviti¢s Investment income Other income 29,210 30,003 27.182 58,154 30,010 Total 87,395 88,429 EXPENDITURE O Bookshop and othcrs 72,151 91,427 NET INCOMEI{EXPENDITURE) 15244 (2,998) RECONCILIATION OF FUNDS Total funds brougbt forward 621,119 624,117 TOTAL FUNDS CARRIED FORWARD 636J63 621,119 The notes forn] part of these financial statements
Statement of Financial Position 31Jan 2021 31.1.21 Unrestricted fund 31.1.20 Total funds Notes FIXED ASSETS Tangible &ssets Investm¢nt prowty 106,749 450.000 107.035 450,000 556,749 557,035 CURRENT ASSETS Stocks Debtors Cash at bank io 29.457 783 59,432 33,084 754 40.406 89,672 74,244 CREDITORS Amounts falling du¢ within one year 12 (10,058) (10,160) NET CURRENT Assrrs 79.614 64,084 TOTAL ASSETS LE&S CURREh LIABILITIES 636,363 621,119 NET ASSETS 636,363 621 119 13 Unrestricted funds 636363 621,119 TOTAL FUNDS 636J63 621119 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021. The members have not required the company to obtsin an audit of its financial statements for the year ¢nded 31 January 2021 in accordance with Section 476 of the Companies Act 2006. Th¢ notes form part of these financial statements
Statement of Financial Position- continued 31 Jan 2021 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps ac£ounting records that CA)mply with Sections 386 and 387 of the Companies Act 2(K)6 and (b) pr¢paring financial stat¢m¢nts which give a true and fair vi¢w of the state of affairs of the clwitable company &$ at the end of each financial year and of its surplus or deficit for each fitwicial year in accordance with the tequirements of Sections 394 and 395 and which otherwlse ¢omply with the requirfflnents of the Companies Act 2006 lating to financial statements. so far &8 applicable tr* th¢ charttabl¢ Company. These financial statements have been prepared in accoTthr% with the provisions applicable to charitable companies subject to the small companies regime. cial statements were approved by the Board of Trustee5 and authorised for issue .. .¥..1)....... and were signed on its behalf by: M Handley- TTre The notes forn] p8rt of these financial statements
Notes to the Financial Slatements for the Year Ended 31 Jan 2021 ACCOUNTING POLICIES Basis of prepariDg the fiD4ntil statements The financial statements of the charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(X)6. The flnancial statements have been prepared under th¢ historical cost Conventio &s modified by the revaluation of certain &ss¢ts. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditur¢ as s(x)n as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Gqn be measured reliably. Expenditure is accounted for on an acclS basis and has been ¢1&8sified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been alloced to activities on a b&8is consistent with the use of resources. Tr4Dgible ed assets tkpreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. InvestmeDt property Investment property is shown at most recent valuation. Any aggregate surplw or deficit arising from changes in fair value is r¢cognised in the Statement of FitWLcial Activities. Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow-moving items. Taxation The cl)arity is exempt from coqx)ration tax on its charitable activities. Fund aeeounting Unrestricted funds can be used in )rdance with the charitable objectives at th¢ discretion of the trustees.
Notes to the Financial Statements- continued for the Year Ended 31 Jan 2021 AccouKfiNG POLICtES- continued Fund aecountiDg The company does not have restricted fund 31.1.21 31.1.20 Shop income 29,210 INVESTME INCOME 31.1.21 31.1.20 Rents received Interest receivable 30,000 30,000 io OTHER INCOME 30.003 30,010 Furlough & Govenmient support Expenditure 31.12.21 31.1.20 Bookshop purchases and thages Administrative & establisl)ment costs Management costs Accountancy and legal fe¢s Other expenses 57,161 73,993 4,021 5,779 8215 8258 1,598 1,550 TOTAL EXPENDITURE NET INCOMEIffjXPEI4DTnJRE) Net income/(expenditure) is stated after chargingl(crediting): 31.1.21 31.1.20 Depreciation- owned assets Independent Exam}'S fee 353 1,550 515
Notes to the Financial Statements- continued for the Year Ended 31 Janu ,2021 TRUSTEES, REMUNERATION AND BENEFITS There no trustees, remunerntion or other benefits for the year ended 31 January 2021, nor for the year ended 31° January 2020 except for a gross salary of £8215 (2020: £8,258) paid to Mr Martin Deadll for his services &s Centre Manager, as approved by Charity Con]mission. Trustee5' expenses There were no trustees, expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMEiYfs FROM Donations and legacies 265 Other trading activiti& Investment income 58,154 30,010 Total 88,429 EXPENDITURE ON Bookshop 91.247 NET INCOMEI(EXPEIWITURE) (2.998) RECONCILIATION OF FUNDS Total funds brought fonvard 6?4.117 TOTAL FUNDS CARRIED FORWARD 6?1.119
Notes to the Financial Statements- continued for the Year Ended 31 Jan 2021 TANGIBLE FIXED ASSETS Freehold prom fittings Computer equipment Totsls COST At l Febnw 2020 Additions 106.(K)5 4J15 3.638 67 113,958 67 At 31 January 2021 106.005 114025 DEPRECIATION At l February 2020 Charge for year 3.952 iii 2,971 242 6.923 353 At 31 January 2021 4.063 3,213 7276 NET BOOK VALUE Ai 31 January 2021 106,005 252 492 At 31 January 2020 106.00) 363 667 107 035 INVESTMENT PROPERTY FAIR VALUE At l February 2020 and 31 January 2021 450,000 NET BOOK VALUE At 31 January 2021 450 000 At 31 January 2020 450,000 The prop¢ty w&$ revalued in 2017 by Brnsons, Chartered Surveyors on Market Value basis.
Notes to the Financial Statements- continued for the Year Ended 31 Jan 2021 10. STOCKS 31.1.21 31.1.20 Finished goods 29,457 33.084 11. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 31.1.21 31.1.20 Trade debtors 783 754 12. CREDITORS: AMOUNTS FALLING DUE wrrHtN ONE YEAR 31.1.21 31.1.20 Trade creditors Social security and other taxes Other creditors Accruals and deferred income Accrued expenses 147 879 3.590 1,550 3,892 2,976 1,742 1,550 10.058 10.160 13. MOVEMENT IN FUNDS Net movement in funds At 31.1.21 At 1.2.20 Unrestricted funds Retained Profit Revaluation reserve 262.551 358,568 15,244 277.795 358.568 TOTAL FUNDS 621,119 15.244 636,363
Notes to the Financial Statements- continued for the Year Ended 31 Jan 2021 13. MOVEMEiYf Iiy FUNDS- eoDtinued Net movement in fund4 included in the alx>ve ate as follows: Incoming R¢sour¢es Mov¢mcnt resources expended in funds Unr¢stri¢ted hnds General fund 87,395 (72,151) 15,244 TOTAL GENERAL FUNDS 87,395 72,151 15,244 Compar¥dtives for movement in funds Net movement in funds At 31.1.20 At 1.2.19 Unrestrirted funds Retained Profit Revaluation Reserve 265,549 358,568 (2,998) 262,551 358,568 TOTAL FUNDS 624,117 2,998 621119 Comparative (2020} net movement in fund& included in th¢ abov¢ are &s follows: ]ncoming Resources Movement resources expended in funds Unr¢strAeted funds 88,429 (91.427) (2,998) TOTAL GENERAL FUNDS 88,429 91,42 2,998
Notes to the Financial Statements- continu for th¢ Year Ended 31 Jan 2021 13. MOVEMENf KN FUNDS - Continued A ¢uttent year 12 months and prior year 12 months combined p)sition is &s follows: Net movement in fimds At 31.1.21 At 1.2.19 Unrestricted fund General fimd 624,117 12,246 636.363 TOTAL FUNDS 624,117 12.246 636.363 A current year 12 months and prior year 12 months combined net movement in funds, included in the alx)ve are as follows: Incoming Resources Movement resourtts expended in funds Unrestricted fvnds General fund 175.824 {163,578) 12.246 TOTAL FUNDS 175,824 (163.578) 12,246 14. RELATED PARTY DISCLOSURES There were no related party trdnsaction5 for the year ended 31 January 2021. 15 COMPANY STATUS The charity is controlled by its governing docutnenl a d¢¢d of trusL and constitutes a limited company, limited by guarantee. &s defined by Companies Act 2006. and it is Tegistered at Companies House, England and Wales with a registration number of 06785020. The charity is also registered at Charity conllniss1o and its registered charity number is 1131544.
Detailed Statement of Financial Activities for the Year Ended 31 Jan 2021 31.1.21 31.1.20 INCOME AND ENDOWMEwrs Donations and legacles Government supwrt (including furlough) Donations 27,182 1.000 265 28,182 265 Other trading activities Shop income 29.210 58,154 Inve8tment income Rents received Interest receivable 30.0(K) 30.000 io 30,003 30.010 Total incoming resources 87J95 88,429 EXPENDITURE-Charit8ble Trading activiti 35,707 21,101 353 35,735 37,743 515 Wages Depreciation of tangible fixed assets 57,161 73,993 Other Insurance. water. heat & light Postage and ststion¢ry Travel Sundries 1,852 3,353 1.504 132 790 729 4,021 5,779 This page does not forn] part of the statutory fmancial slatements
Detailed Statement of Financial Activiti¢s for the Year Ended 31 Jan 2021 31.1.21 31.1.20 Support costs Management Wages 8215 8,258 Other costs R¢pairs and r¢n¢wals Subscriptions Other expenses 430 726 799 1,035 13 1,847 1.156 Governance costs Accountancy and legal fees 1,598 Total resources expended 72.151 91,427 Net ineomel(expenditure) 15 This page does not forn] part of the statutory financial statements