## **PILGRIMAGE PEOPLE LTD** 

**(A Company Limited By Guarantee)** 

**(Registered Charity No: 1145830) (Registered Company No: 7180904)** 

## **UNAUDITED** 

**TRUSTEES’ REPORT AND** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 30 SEPTEMBER 2020** 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **REFERENCE AND ADMINISTRATION DETAILS** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **TRUSTEES / DIRECTORS** 

Mr G. Snudden Mr R Hayes Ms Jane Goring Rev David Longe Rev Mgr James Curry 

**CHIEF EXECUTIVE** Elizabeth Pugh **REGISTERED OFFICE** Stapleford Granary Bury Road Stapleford Cambridge CB22 7BP 

**GOVERNING INSTRUMENT** Memorandum and Articles of Association incorporated on 6 March 2010, now Articles adopted by special resolution dated 27 November 2011 as amended by special resolution registered at Companies House on 6 December 2011 **CHARITY REGISTRATION NUMBER** 1145830 **COMPANY REGISTRATION NUMBER** 7180904 **INDEPENDENT EXAMINER** Judith Coplowe Peters Elworthy and Moore Salisbury House, Station Road Cambridge CB1 2LA 

## **BANKERS** 

**SOLICITORS** 

The Co-Operative Bank plc Business Direct PO Box 250 Skelmersdale WN8 6WT Copleys Red House Market Hill St Ives PE27 5AW 

1 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **REPORT OF THE TRUSTEES** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

The Trustees present their annual report together with the financial statement of the charity for the twelve months ending 30 September 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. 

The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition October 2019, effective 1 January 2019). Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. 

## **OBJECTIVES AND ACTIVITIES** 

The Articles of Association state the Charity’s objects to be _“…. to support, principally through the Latin Patriarchate of Jerusalem, primarily but not exclusively, the Christian community of the Holy Land in such ways that are charitable according to English Law for the benefit of the public and (without prejudice to the generality of the aforegoing wording) in particular through the advancement of education, health and the relief of poverty.”_ 

Our mission is achieved through arranging pilgrimages to the Holy Land, and other destinations, for Dioceses, Parishes, Schools and Youth Groups where participants are encouraged to meet with the local Christian community in solidarity and support. Bespoke pilgrimages are arranged for specific interest groups that allow them to have a greater understanding of the somewhat complex situation in this part of the world. All surpluses from the pilgrimages form the basis of our donations to the Latin Patriarch of Jerusalem and others.  Public benefit is achieved through the increased awareness of returning pilgrims and their engagement with the work for peace in the region.  We also receive donations from interested individuals and groups which are forwarded to the Latin Patriarch in Jerusalem. 

## **PUBLIC BENEFIT** 

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aims and objectives and in planning future activities.  In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. 

## **GRANT MAKING POLICY** 

The amount of work or number of projects that can be supported by the Trustees is necessarily limited to the amount of funds that are available for distribution each year. The Trustees have determined that the current priorities for funding are: 

- Education, primarily but not exclusively, the Christian community of the Holy Land. 

- Healthcare, primarily but not exclusively, the Christian community of the Holy Land. 

- Economic development, primarily but not exclusively, the Christian community of the Holy Land. 

- Bursaries, to enable school-aged students, whose economic circumstances would otherwise mean that they would not be able to participate, to join a pilgrimage from their own education establishment 

The priorities for support will be reviewed by the Trustees every three years and may be changed depending upon circumstances and the perceived effectiveness of the application of funds. Any change to these priorities must still fulfil the charitable purpose and objectives of the charity. 

In awarding grants, the Trustees will apply the following principles; 

The Trustees will consider any requests or known situations that are eligible for consideration: 

- From within the Holy Land, defined as that area served by the Latin Patriarchate of Jerusalem. 

- From organisations and individuals alike. 

- In the case of bursaries, from school-aged (to 18 years) students or a member of school staff on their behalf. 

The Trustees will carry out sufficient due diligence to ensure that the request or situation meets both the charitable purposes, and the priorities for support set out in this policy. 

2 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **REPORT OF THE TRUSTEES (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **REVIEW OF THE YEAR** 

## **Pilgrimages** 

Pilgrimage People’s simple aim is to organise pilgrimages to the Holy Land and other European destinations, supplying a spiritually rewarding trip and also generating a surplus that can be used to support Christian led projects in areas of healthcare, education and economic opportunity. 

This year we have arranged 6 pilgrimages for 128 pilgrims with all but one travelling to the Holy Land., the remaining group visited Rome.    Tours ceased in March 2020 due to the COVID19 pandemic. 

## **Grants** 

The grants sub-committee did not seek applications this year as the charity had initially been undergoing an evaluation of its operations and procedures.  We were then hit with the pandemic and there was no further operational income. 

## **FINANCIAL REVIEW** 

## **Income and Expenditure** 

Our income consists of: 

1. Margin from organised pilgrimages 

2. Donations to specific projects which have to be attributed to a “restricted fund” and applied only for that project 

3. General donations which form part of General Funds and can be used for any purpose within the remit of the charity 

4. Gift Aid tax revenues which are only claimed at the end of each period and are attributable to the funds upon which the original gift was settled. 

As can be seen from the accounts which follow, we have made a small loss of £8,987 for 2020. 

Our financial management is robust with the use of accounting software and external quarterly accounts provided by our accountants, PEM in Cambridge, for review by the trustees. Our Independent Examiners are PEM and we benefit from the scrutiny of the Civil Aviation Authority under its ATOL licensing scheme.  Close attention is paid to fluctuations in currencies.  As suppliers are paid in other currencies, forward currency purchases are made when appropriate in order to safeguard against risk of loss in these fluctuations and maximise profits. 

3 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **REPORT OF THE TRUSTEES (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **RESERVES AND GOING CONCERN** 

At the end of the year reserves stood at £134.6K (2019: £143.6k) of which £17.9K (2019: £14.2k) was represented by Restricted Funds.  Free reserves, excluding fixed assets are £116.7k, equivalent to approximately 18 months operational expenditure. The Trustees are satisfied that they are an adequate but not excessive provision for the needs of the charity. 

The impact of government restrictions as a result of the COVID 19 crisis has led to the temporary curtailment of activities.  As a result, the trustees acknowledge that there are uncertainties about the timing of tours resuming. The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have prepared forecasts up until 30 September 2023 and in conjunction with government support packages to help with overheads, have concluded that they have sufficient resources to continue in operation for this period even in a worse scenario.  There are therefore no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Constitution** 

Pilgrimage People Ltd is a registered charity and registered company incorporated under a Memorandum and Articles of Association incorporated on 6 March 2010, and now Articles adopted by special resolution dated 27 November 2011 as amended by special resolution registered at Companies House on 6 December 2011. 

## **Appointment of Directors/Trustees** 

All Trustees must be members of the Company.  The number of Trustees shall not be less than three and the Trustees have the power to appoint a trustee by resolution.  Trustees may be removed by a resolution passed by at least twothirds of the Trustees.  New Trustees are sought through relevant contacts.  Suitability is ascertained by references and discussion before the appointment being approved by the Board of Trustees. 

## **Management** 

The Board of Directors meets as required to manage the affairs of the charity. Staff salaries are approved by the Board of Trustees. The day-to-day management of the affairs of the charity is delegated to Elizabeth Pugh. 

## **PLANS FOR THE FUTURE** 

We continue to review our governance and strive to reflect best practice. This year we have appointed Rev Mgr James Curry as a Trustee. Rev Mrg Curry is a priest of the Diocese of Westminster and thus we are beginning to widen our trustees’ base as previously the majority of the trustees were from East Anglia. As a Catholic priest working in a parish in central London, and with other responsibilities within Westminster, he brings expertise which complements the skills of the other trustees and some which were lost with the resignation of Fr Paul Maddison. 

We have obviously been severely affected by the global pandemic. Whilst 6 groups travelled prior to the lockdown, tours that were scheduled between March and our September year end were unable to go ahead.  Pleasingly these groups still wish to travel and have postponed their dates rather than cancelled.  As the vaccination programme has progressed, we are hopeful that tours due to travel this autumn 2021 will go ahead.  Groups that have postponed, together with new groups that were looking at pilgrimages, new marketing and pent up demand give us reason for optimism going forward and for the year ended 2022 in particular. 

As travel has not been possible, we have researched other ways to connect with our customers.  We have launched a series of online Faith and Art lectures which have been well received.  Going forward we see this as an avenue that can continue even after COVID and could also lead to Faith and Art tours. 

During lockdown we have also researched ways to offset our carbon emissions once travel recommences 

4 



PILGRIMAGE PEOPLE LTD (A Comp*ny Limited By Gu*ran¢¢¢)
REPORT OF THE TRUSTEES ICoTrtinued)
FOR THE YEAR ENDED 311 SEvfEMBER 2(J20
The Trustees continue their review of governance and operdtional procedures artd it is pleasing to note 1hat we are doing
much mor¢ than is legally r¢quir¢d and following £(K￿ practice-. we are a]1 of a mind that this is something else that
should mark out Pilgrimage People part of our commitment to being an example in all that we do.
FUNDRAISING
Pilgrimage People does not se¢ itself as a fund-rdisingorganisation (Nltsidethe surpluses g¢neTated from its cor¢bu5iness.
We are always happy to Accept dOn￿lonS from those who have returned and incorporate them into our di5bur5ements
Su¢h donations are clearly recorded and notated llj our accounts. Given our aim to support the Christran comrnunity in
the Holy Land. a ￿ndraISing appeal w&5 sent to those who had be¢n pilgrimage with u& This raised c£2k which will
b¢ scnt to the Latin Patrid￿h in Jernsalem for distribution.
This year w¢ were planning to focus on incre&sing th¢ number of pilgrirns trnvelling with us and develop the range of
pilgrimag¢ destinations. However, the impaGt of the pandemic has meant that we have noi been able to achieve this.
although it Continues to be a focus.
STATEMENT OF TRUSTEESY RESPONSIBILITIES
Th¢ Trustees {who are a150 directors of Pilgrimage Pe4)ple Ltd for the pwposes of company law) are responsible for
preparing th¢ Trustees, Report and the flljancial statements in accordance with applicable law and United Kingilom
Accountlljg Standanls (United Kingdom Generally Accepted Accounting Practice).
Charity law rquires the Trustees to prepare financial sthtements for each financial year which give a tnre fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources. including
the income and expendititre, of th¢ charitable company for that periLwJ. In preparing these financtal ststements. the
trnstees are requir¢d to:
sel¢¢t suithble accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and a¢countin8 estimates that are reasonabk attd pruden¢
state whether applicable UK Accounting Standards have been followe{( subject to any m4t¢rial departures
disclosed and explained in the financial staiements.
prepare the financial statements on thegoing concern basis unless it is inappropriate to presume thatthe charitable
company will Continue in business.
Th¢ Trustees are r¢spon5ible for keeping proper a¢c(Junting re£ord8 that disclose with reax)nable accutzcy at any lime
of the fin￿ClaI position of th¢ charitable compaTLy and ¢nabl¢ them 10 ensure that th¢ financial 5tatemtnts comply with
the Companies Act 2006. They are also responsible for safeguarding the &sgets of the charitable company and hen¢e for
taking reasonable st¢ps for the prevention and dete¢iion of fi3ud and other irr¢gularities.
The Ttustees. Report in¢luding the str￿e81¢ Report was approved by the Board and signed on thelr behalf on 25 March
2021 by-
Jane Goring
Chair of Trustees

## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PILGRIMAGE PEOPLE LTD** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

I report on the accounts of the Charity for the period ended 30 September 2020, which are set out on pages 7 to 18. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the 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 be audited for this year 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 completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 

- the accounts do not accord with such records; or 

- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or 

- the accounts have not been prepared in accordance with the Charities SORP (FRS102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


Mrs J Coplowe FCA 

Peters Elworthy and Moore Salisbury House, Station Road Cambridge CB1 2LA 

26 March 2021 

6 



**PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

|||**Unrestricted**|**Restricted**|**2020**|**2019**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Total**|**Total**|
||Note|**£**|**£**|**£**|**£**|
|**INCOME**|||||(Note 19)|
|Donations and legacies|1|-|3,729|3,729|14,179|
|Charitable Activities||||||
|Pilgrimages||176,339|-|176,339|529,486|
|Investment income- bank deposit||||||
|interest||597|-|597|497|
|Other income|2|14,356|-|14,356|-|
|||--------------------|-------------------|-------------------|-------------------|
|**Total**||191,292|3,729|195,021|544,162|
|||--------------------|-------------------|-------------------|-------------------|
|**EXPENDITURE**||||||
|Charitable activities|3|204,008|-|204,008|479,710|
|||-------------------|------------------|-------------------|-------------------|
|**Total**||204,008|-|204,008|479,710|
|||-------------------|------------------|------------------|------------------|
|**Net (expenditure)/income for the year**||**(12,716)**|**3,729**|**(8,987)**|**64,452**|
|Funds brought forward at||||||
|beginning of year||129,408|14,173|143,581|79,129|
|||------------------------|---------------------|--------------------|--------------------|
|**Funds carried forward at end of year**||116,692|17,902|134,594|143,581|
|||==========|=========|==========|==========|



The accompanying notes form part of these financial statements. 

7 



PILGRIMAGE PEOPLE LTD (A Compny Limitod By Guarantee)
COMPANY NUMBER: 7180904
BALANCE SHEET
AS AT 30 SEPTEMBER 2020
20211
2019
FIXED ASSETS
10
252
554
CURRENT ASSETS
D¢btors and prepayments
Cash at bank and in haTJd
198,483
171.665
138.519
228.120
370,148
366,639
CURRENT LIABILITIES
Creditors
12
(235.806)
(223.612)
NET CURRENT ASSETS
134,342
143,027
TOTAL ASSETS LESS CURRENT LIABILITIES
134.594
143.581
R¢pr¢sented by:
Unrestrieted
Restricted
13
13
116,692
17,902
129,408
14,173
134,594
143,581
The compan￿5 financial ststements have been prepared in accordance with the provisions applicable to companaes
5ubj¢rt to the small Comp￿leS rcgim¢.
The Tntstees consider that the company is entitled to exemption from the requirement to have an audit under the
provisions of section 477 of the Companies Act 2006 ("the Aa-) relating to small companies and mernbers have not
required the Company to obtsin an audii for the peTiod in que51ion in accordance with section 476 of th¢ Act.
The Trusttts acknowledge their responsibilities for ci)mplying with the requirements of the Comp8nies Act 2(KJ6 with
respect to accounting records and the preparation of financia] sraternents.
These accounts have been prepared in accoydance with the provisions applicable to companies subject to the small
companies, regime.
The financial statements were approved and authoTi5ed for issue by the TnLSteeslDirectors on 25 March 2021 and
Sign￿ on their behalf by
Jan¢ Goring
Chair of Trustees
The accompanying notes forn] part of these fmancial Statemen

## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **ACCOUNTING POLICIES** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below. 

## **Basis of preparation** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition October 2019, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. 

The charity meets the definition of a public benefit entity under FRS102.  Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. 

## **Critical accounting estimates and areas of judgement** 

Preparation of the accounts requires the Trustees to make significant judgements and estimates.  The items in the accounts where these judgements and estimates have been made include: 

- estimating the economic useful life of tangible fixed assets. 

## **Assessment of going concern** 

The impact of government restrictions as a result of the COVID 19 crisis has led to the temporary curtailment of activities since Spring 2020.  As a result, the trustees acknowledge that there are uncertainties about the timing of tours resuming. The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have prepared forecasts up until 30 September 2023 and in conjunction with cost savings already made have concluded that they have sufficient resources to continue in operation for this period even in a worse scenario.  There are therefore no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. 

## **Company status** 

The Charity is a company limited by guarantee. The members of the Charity are the Trustees named on page 1 and those organisations and individuals who have been invited to become members and where relevant have paid the membership fee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. 

## **Income recognition** 

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. 

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.   Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. 

In accordance with the Charities SORP FRS102, volunteer time is not recognised. 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

Tours are recognised in the year in which the tour commences. Income received in respect of Tours commencing in later years is deferred and included within creditors as deferred income. 

9 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **ACCOUNTING POLICIES** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **Expenditure recognition and irrecoverable VAT** 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

Expenditure on charitable activities includes the costs of running the charity’s office in Stapleford as well as all other costs associated with furthering the charitable purposes of the charity through the provision of its charitable activities. These costs include charitable grants and donations.  It also includes governance costs. 

Charitable grants and donations are made where the Trustees consider there is real need following a review of the details of each particular case and comprise single year payments rather than multi-year grants. Grants and donations are included in the statement of financial activities when approved for payment.  Provision is made for grants and donations approved but unpaid at the period end. 

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 

## **Allocation of support and governance costs** 

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment. 

## **Tangible fixed assets** 

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows: 

||Expected useful life|
|---|---|
|Office equipment|3 years|



## **Financial Instruments** 

The charity only holds financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due.  Prepayments are valued at the amount prepaid. 

## **Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.  Deposits for more than three months and up to one year are disclosed as short-term deposits.  Cash placed on deposit for more than one year is disclosed as a fixed asset investment. 

## **Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.  Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

10 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2019** 

|**1.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
||General donations|**3,729**|14,179|
|||**----------------**|-----------------|
|||**3,729**|14,179|
|||=========|=========|
|**2.**|**OTHER INCOME**|||
|||**2020**|**2019**|
|||**£**|**£**|
||**Grant income**|**13,336**|-|
||**Other income**|**1,020**||
|||**----------------**|-----------------|
|||**14,356**|-|
|||**=========**|=========|



Other grant income represent amounts receivable under the Coronavirus Job Retention Scheme (CJRS) of £3,336 (2019 - £NIL) to cover salaries of furloughed staff and amounts receivable under a government grant of £10,000 (2019 - £NIL). 

|**3.**|**EXPENDITURE ON CHARITABLE ACTIVITIES**|||
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
||**Direct costs of Pilgrimages**|||
||Airline and agents' fees|**45,973**|342,210|
||Accommodation and tour costs|**86,913**|46,901|
|||**------------------**|-------------------|
|||**132,886**|389,111|
||**Grants and donations -**note 4|**-**|8,010|
||**Governance and Support costs –**note 5|**71,122**|82,589|
|||**-----------------**|------------------|
|||**204,008**|479,710|
|||**=========**|=========|
|**4.**|**GRANTS AND DONATIONS**|||
|||**2020**|**2019**|
||||**£**|
||Latin Patriarchate|**-**|8,010|
|||**-----------------**|-------------------|
|||**-**|8,010|
|||**==========**|=========|



11 



**PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2019** 

|**5.**|**ANALYSIS OF GOVERNANCE AND SUPPORT COSTS**|||
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
||**Support costs**|||
||Administrative support|3,504|11,674|
||Staff costs|49,538|46,627|
||Premises costs|8,520|12,210|
||Office costs|4,453|5,147|
||Advertising and Marketing|1,113|1,519|
||Accountancy fees|1,668|2,050|
||Other|2,326|2,413|
|||-------------|----------------|
|||70,372|81,640|
||**Governance costs**|||
||Board costs|-|199|
||Independent examination fee|750|750|
|||----------------|-------------|
|||71,122|82,589|
|||=========|======|
|**6.**|**STAFF COSTS**|||
|||**2020**|**2019**|
|||**£**|**£**|
||**Support costs**|||
||Wages and salaries|48,535|45,633|
||Social security costs|-|79|
||Pension costs|1003|915|
|||---------------|-------------------|
|||49,538|46,627|
|||=========|======|
|||No.|No.|
||Average number of staff|2|2|
|||--------------------|------------------|
||No employee earned in excess of £60,000 (2019:  None).|||
|**7.**|**INDEPENDENT EXAMINER’S REMUNERATION**|||
|||**2020**|**2019**|
|||**£**|**£**|
||Independent examiners' remuneration|||
||- Examination fees|750|750|
||- Accountancy fees|1,500|1,500|
||- ATOL fees|750|750|
|||==========|==========|



12 



**PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

**NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **8. TRUSTEES' EXPENSES AND REMUNERATION AND TRANSACTIONS WITH THE TRUSTEES** 

No trustees received reimbursement of expenses incurred in connection with the affairs of the charity (2019: £NIL). 

## **9. TAXATION** 

The Company was recognised as a charity with effect from 6 December 2011 and from that date is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.   Therefore no taxation falls to be provided for in the accounts. 

|**10.**|**FIXED ASSETS**||**Office**|
|---|---|---|---|
||||**Equipment**|
||||**£**|
||**Cost**|||
||At 1 October 2019||3,137|
||||========|
||At 30 September 2020||3,137|
||||========|
||**Depreciation**|||
||At 1 October 2019||2,582|
||Depreciation||302|
||||========|
||At 30 September 2020||2,884|
||||========|
||**Net Book Value**|||
||At 30 September 2020||252|
||||========|
||At 30 September 2019||554|
||||========|
|**11.**|**DEBTORS**|**2020**|**2019**|
|||**£**|**£**|
||Trade debtors|140,165|104,850|
||Prepayments and accrued income|58,318|33,669|
|||--------------------|--------------------|
|||198,483|138,519|
|||=========|=========|



13 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

|**12.**|**CREDITORS**|**2020**|**2019**|
|---|---|---|---|
||**Amounts falling due within one year**|**£**|**£**|
||Trade creditors|324|-|
||Accruals|7,599|9,812|
||Deferred income|225,550|211,847|
||Taxes and Social Security|1,542|682|
||Other creditors|441|921|
||Funds held as agent|350|350|
|||---------------|---------------|
|||235,806|223,612|
|||=========|=========|
|||**2020**|**2019**|
||**Deferred income**|**£**|**£**|
||Deferred income at 1 October 2019|211,847|247,234|
||Resources deferred during the year|178,450|211,847|
||Amounts released from previous years|(164,747)|(247,233)|
|||---------------|---------------|
||Deferred income at 30 September 2020|225,550|211,847|
|||=========|=========|



The company receives income in advance of future tours which is carried forward and recognised on the date the tour departs. 

## **13. FUNDS** 

||**Opening**|||**Closing**|
|---|---|---|---|---|
||**Balance**|**Incoming**|**Expended**|**Balance**|
||**1 October 2019**|||**30**|
|||||**September**|
|||||**2020**|
||**£**|**£**|**£**|**£**|
|Unrestricted|129,408|191,292|(204,008)|116,692|
|**Restricted**|||||
|Education - General|1,675|180|-|1,855|
|Economic Assistance|894|50|-|944|
|Bursaries|1,910|-|-|1,910|
|Other|9,694|3,499|-|13,193|
||--------------------|-------------------|-------------------|--------------------|
|**Total restricted**|14,173|3,729|-|17,902|
||--------------------|-------------------|-------------------|--------------------|
|**Total funds**|**143,581**|**195,021**|**(204,008)**|**134,594**|
||==========|==========|==========|==========|



14 



**PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **13. FUNDS (CONTINUED)** 

## **FUNDS – PRIOR YEAR** 

|**FUNDS – PRIOR YEAR**|||||
|---|---|---|---|---|
||**Opening**|||**Closing**|
||**Balance**|**Incoming**|**Expended**|**Balance**|
||**1 October**|||**30 September**|
||**2018**|||**2019**|
||**£**|**£**|**£**|**£**|
|**Unrestricted**|63,931|537,177|(471,700)|129,408|
|**Restricted**|||||
|Education - General|9,014|671|(8,010)|1,675|
|Economic Assistance|312|582|-|894|
|Bursaries|1,910|-|-|1,910|
|Other|3,962|5,732|-|9,694|
||--------------------|-------------------|-------------------|--------------------|
|**Total restricted**|15,198|6,985|(8,010)|14,173|
||--------------------|-------------------|-------------------|--------------------|
|**Total funds**|79,129|544,792|(479,710)|143,581|
||==========|==========|==========|==========|



## **Fund Purposes** 

**Education:** To support the provision of education and children’s services in the Holy Land principally through the Latin Patriarchate of Jerusalem. 

**Economic Assistance:** To provide support for employment opportunities, entrepreneurial skills and training projects principally through the Latin Patriarchate of Jerusalem. 

**Bursaries:** To provide grants of up to £150 per person for school students who wish to join a pilgrimage to the Holy Land. 

All of the above funds are represented by cash at bank. 

## **14.** 

|**ANALYSIS OF NET ASSETS BY FUND**|**General**|**Restricted**||
|---|---|---|---|
||**Fund**|**Funds**|**Total**|
||**£**|**£**|**£**|
|Fund Balances at 30 September 2020||||
|represented by:||||
|Fixed assets|252|-|252|
|Current assets|352,246|17,902|370,148|
|Current liabilities|(235,806)|-|(235,806)|
||-----------------------|----------------------|----------------------|
||116,692|17,902|134,594|
||===========|===========|==========|



15 



**PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

**FOR THE YEAR ENDED 30 SEPTEMBER 2019** 

## **14. ANALYSIS OF NET ASSETS BY FUND (Continued)** 

|**ANALYSIS OF NET ASSETS BY FUND PRIOR**|**General**|**Restricted**||
|---|---|---|---|
|**PERIOD**|**Fund**|**Funds**|**Total**|
||**£**|**£**|**£**|
|Fund Balances at 30 September 2019||||
|represented by:||||
|Fixed assets|554|-|554|
|Current assets|352,466|14,173|366,639|
|Current liabilities|(223,612)|-|(223,612)|
||-----------------------|----------------------|----------------------|
||129,408|14,173|143,581|
||===========|===========|==========|



## **15. FUNDS HELD AS AGENT** 

The Charity receives funds as agent to transfer to a specific charitable recipient. The total amount of funds held as agent at 30 September 2020 amounted to £350 (2019: £350). In accordance with FRS 102 these funds received as agent are not recognised as an asset in these accounts because the funds are not within the Charity’s control. 

## **16.  RELATED PARTY TRANSACTIONS** 

There were no related party transactions during the current or prior year. 

16 



## **PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** 

**FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **17.  COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES** 

|||**Unrestricted**|**Restricted**|**2019**|
|---|---|---|---|---|
|||**Funds**|**Funds**|**Total**|
||Note|**£**|**£**|**£**|
|**INCOME**|||||
|Donations and legacies|1|7,149|6,985|14,179|
|Charitable Activities|||||
|Pilgrimages||529,486|-|529,486|
|Investment income- bank deposit interest||497|-|497|
|||-----------------|----------------|-----------------|
|**Total**||537,177|6,985|544,162|
|||-----------------|----------------|-----------------|
|**EXPENDITURE**|||||
|**Charitable activities**|2|471,700|8,010|479,710|
|||-----------------|----------------|----------------|
|**Total**||471,710|8,010|479,710|
|||-----------------|----------------|----------------|
|**Net Income/(expenditure) for the year**||**65,477**|**(1,025)**|**64,452**|
|Funds brought forward at|||||
|beginning of year||63,931|15,198|79,129|
|||--------------------|-------------------|--------------------|
|**Funds carried forward at end of year**||**129,408**|**14,173**|**143,581**|
|||==========|=========|==========|



17