REGISTERED COMPANY NUMBER: 06785020 (England and Wales) REGISTERED CHARITY NUMBER: 1131544 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Janua 2024 For Perivale Cl]ristian Centre GB & CO. Chartered Accountants 73 Dryburgh Gardens Kingbury London NW9 9TY Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 Contents of the Financial Statements for the Year Ended 31 January 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position 7t0 8 Notes to the Financial Statements 9t0 16 Detailed Statement of Financial Activities 17to 18 Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities For the Year Ending 31" January 2024 The assets and liabilities of the previous Trust charity no 293404 were transferred to this st Incorporated Charity at close of business on 31 January 2010. As trustees, we review our aims, objectives and activities each year. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Our work involves meeting people who we can help through prayer, discussion and using various forn]s of literature. We remain the only Christian Bookshop in a wide locality and continue to play a strong role in supporting our customers with Christian books and materials. Since the pandemic, business levels continue at a lower level than we previously experienced. We still have a predominantly older customer base and continue to look at ways that we can make our services available to a broader segment of the community. We are conscious of ever-increasing costs with energy and fuel which affect our customers and reduce their available money to spend. The sale of bibles and gifts continue to be strong and we see a consistent demand for Communion supplies. Many of our regular customers prefer to visit to view for themselves rather than rely on online purchases. They seek advice especially with regards to Bibles and our sales focus is maintained in the sales of Bibles, childrens books and gifts. Our current stock mix reflects the demand that we experience and therefore a wide range of bibles continues to be maintained. Supply of bookstalls to churches is nom]ally an important way in which we support and assist them in providing Christian Literature to their contacts and congregations. Our contacts with local Churches and Christians have been a means of mutual encouragement and practical help. We are grateful to God that our services have been maintained due to the support of our loyal local Churches and Christians. Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 Our finances continue to operate very tightly, however we maintain sufficient available reserves which have been built over a number of years to assist in times of difficulty. We expect our finances to continue tightly into next year however income should be greater due to the renegotiation of our lease on our rental premises due in April next year. We anticipate that our current tenants, Hope Community Church will renew their lease of the premises in Horsenden Lane South which they maintain as their church premises. We are pleased to acknowledge the Christian outreach work that they maintain there. Our staffing structure 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. In addition we currently operate with 2 part-time employees and are looking to recruit 2 additional part time workers next year. We are grateful for all those who give their time and energies to the work, including volunteers. Without them it would not be possible to carry on. Some give time to work in the Bookshop, while others give their time and advice in the technical and professional areas. If we had to purchase this technical advice it would cost us many thousands of pounds a year. The Christian Centre and bookshop is valued by many as part of the life of the Perivale community. Reflecting our local nature, one of our four Trustees lives in Perivale with a further one within a five mile radius. We are looking to increase our local trustees over the next 12 months th We are pleased to note that the Perivale Christian Centre celebrates it's 40 Anniversary in November 2024 and look forward to celebrating this with our local churches and customers. As we look to the future, we see challenges and opportunities. As ever we need to trust God to lead and provide for our needs. Martin Deadman Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06785020 (England and Wales) Registered Charity number 1131544 Registered office 90 Bilton Road Perivale Greenford Middlesex UB6 7BN Perivale Christian Centre Report of the Trustees For the year Ended 31 January 2024 Trustees M Deadman Reverend C Taylor S Taylor M Handley Company Secretary M Deadman Independent Examiner Getachew Beshahwred MBA FCA 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 relating to small companies. Approved by order of the board of trustees on behalf by: and signed on its M Deadman - Trustee Inde endent Examiner's Re Perivale Christian Centre ort to the Trustees of Independent examiner's report to the trustees of Perivale Christian Centre ('the Company,) I report to the charity trustees on my exainination of th¢ accounts of the Company for the year ended 31 January 2024. Responsibilities and basis of report As the charity's trustees ofthe Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements ot.the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I have coinpleted my exainination. I confinn that no Inatters have come to my attention in connection with the exainination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requii'ements of section 396 ot the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent exainination; 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 pi'eparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). J have no concerns and have come across no other matters in connection with the examination to which attention shoLild be drawn in this report in ol'der to enable aproper undei'standing of the accoiints to be reached. Getachew Beshahwred MBA FCA Institute of Chartered Accountants in England & Wales GB & CO. Chartered Accountsnts 73 Dryburgh Gardens Kingsbury London NW9 9TY Date.. 73.1 I...(.L*................. Statement of Financial Activities for the Year Ended 31 Januar 2024 Perivale Christian Centre 31.1.24 Unrestricted fund 31.1.23 Total Funds INCOME AND ENDOWMENTS FROM Donations and legacies Notes 31 163 Other charitable activities Investment income 49,542 30 723 49,288 30 091 Total 80,296 79,542 EXPENDITURE ON Bookshop and others 90 234 88 752 I¥ET (LOSS) INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD (9,938) (9,210) 636 320 645 530 626 382 636 320 Statement of Financial Activities for the Year Ended 31 Januar 2024 Perivale Christian Centre 31.1.24 Unrestricted fund 31.1.23 Total Funds FIXED ASSETS Tangible assets Investment property Notes 106,226 450 000 106,336 450 000 556,226 556,336 CURRENT ASSETS Stocks Debtors Cash at bank 21,145 602 58 329 19,793 1,511 69 757 10 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 80,076 91,061 11 9920 11077 70,156 79,984 TOTALASSETS LESS CURRENT LIABLITIES 626,382 636J20 NET ASSETS 626,382 636J20 FUNDS Unrestricted funds 12 626 382 636 320 TOTAL FUNDS 626 382 636 320 Statement of Financial Activities for the Year Ended 31 January 2024 Perivale Christian Centre The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies, regime. The financial statemen s were pproved by the Board of Trustees and authorised .and were signed on its behalf by: M Deadman - Trustee M Handley - Trustee The notes fonn part of these financial statements Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 ACCOUNTING POLICIES Basis of preparing the financial 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. 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 expenditure as soon 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 can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life at the following rate: 33 % Reducing Balance Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial 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 charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. The company does not have restricted funds. continued... Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Januar 2024 OTHER TRADING ACTIVITIES 31.1.24 31.1.23 Shop income 49 542 49 288 INVESTMENT INCOME 31.1.24 Rents received Interest receivable 31.1.23 30,000 723 30,000 91 Expenditure 31.1.24 31.1.23 Bookshop purchases and wages Administrative & establishment costs Management cost Accountancy & legal fees Subscriptions Repairs Bank Charge 72,018 5,006 8,275 3,519 892 560 71,803 4,975 8,275 1,698 1,005 802 TOTAL EXPENDITURE Continued... £90 234 £88 752 Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.1.24 31.1.23 Depreciation - owned assets 110 165 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st January 2024 nor for the year ended 31 st January 2023 except for a gross salary and pensions of £9,119 (2023: £8,693) paid to Mr Martin Deadman for his services as Centre Manager, as approved by Charity Commission. Trustees, expenses There were no trustees, expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. continued... Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 TANGIBLE FIXED ASSETS Freehold Fixtures and property fittings Computer equipment Totals COST At l February 2023 and 31 January 2024 106 005 4315 3705 114 025 DEPRECIATION At l February 2023 Charge for year 4,203 3,486 7,689 37 73 110 NET BOOK VALUE At 31 January 2024 4240 3559 7799 106 005 75 146 106 226 At 31 January 2023 106 005 112 79 984 106 336 Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 INVESTMENT PROPERTY FAIR VALUE At l February 2023 And 31 January 2024 NET BOOK VALUE At 31 January 2024 450 000 450 000 At 31 January 2023 450 000 The property was revalued in 2017 by Brensons, Chartered Surveyors on Market Value basis. STOCKS 31.2.24 Finished goods 31.1.23 21145 19 793 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.2.24 31.1.23 Trade debtors 602 1511 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.2.24 31.1.23 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 3,084 1,052 242 5542 2,573 2,689 147 5668 9920 11077 Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 12. MOVEMENT IN FUNDS At 1.2.23 Net movement in funds At 31.1.24 Unrestricted funds General fund 636 320 9938 626 382 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources Resources expanded Movement in funds Unrestricted funds General fund 80 296 90 234 9938 TOTAL FUNDS Comparatives for movement in funds At 1.2.22 Net movement in funds At 31.1.24 Unrestricted funds General fund 645 530 19 148 626 382 TOTAL FUNDS 645 530 19 148 626 382 Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 January 2024 12. MOVEMENT IN FUNDS - continued Incoming resources Resources expanded Movement in funds Unrestricted funds General fund 80 296 90 234 9938 TOTAL FUNDS 80 296 90 234 9938 Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 January 2024 13. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year ended 31 January 2024. Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 Januar 2024 31.1.24 31.123 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations 31 163 31 Other trading activities 163 Shop income Investment income 49,542 49288 Rents received 30,000 Interest receivable 30,000 723 91 Total incoming resources EXPENDITURE Other trading activities Purchases 29,203 29,247 Wages and Management costs Depreciation of tangible fixed assets 43,374 50,022 110 263 Investment management costs Charitable activities Insurance, water, heat & light Telephone Postage and stationery Sundries 2,982 756 288 314 3,088 951 612 324 4,337 4,975 This page does not form part of the statutory financial statements. Perivale Christian Centre Detailed Statement of Financial Activities for the Year Ended 31 January 2024 31.1.24 31.123 Support Costs Management Wages 8,275 546 Finance Bank Charges 24 194 Information Technology Repairs and renewals Human resources 500 802 Subscriptions Governance costs 892 1,005 Accountancy and legal fees Total resources expended Net (loss) income 3519 1698 90 234 88 752 This page does not form part of the statutory financial statements.