DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
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 2021
DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
REFERENCE AND ADMINISTRATION DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2021
TRUSTEES / DIRECTORS Mr G. Snudden (resigned 21 January 2021) Mr R Hayes Ms J Goring Rev D Longe Rev Mgr J Curry Mr A Steel
| 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 | Michael Hewett FCA DChA |
| Peters Elworthy and Moore | |
| Salisbury House, Station Road | |
| Cambridge CB1 2LA |
| BANKERS | The Co-Operative Bank plc |
|---|---|
| Business Direct | |
| PO Box 250 | |
| Skelmersdale | |
| WN8 6WT | |
| SOLICITORS | Copleys |
| Red House | |
| Market Hill | |
| St Ives | |
| PE27 5AW |
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The Trustees present their annual report together with the financial statement of the charity for the twelve months ending 30 September 2021 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.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 been unable to arrange any tours due to the COVID19 pandemic. We have however run some online courses which have been well received.
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. However, as a result of grant monies held and donations, we were able to pay for three scholarships at Bethlehem University which allowed three students to continue their education which would otherwise have had to cease.
FINANCIAL REVIEW
Income and Expenditure
Our income consists of:
-
Margin from organised pilgrimages
-
Donations to specific projects which have to be attributed to a “restricted fund” and applied only for that project
-
General donations which form part of General Funds and can be used for any purpose within the remit of the charity
-
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 loss of £42,881 for 2021.
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.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
RESERVES AND GOING CONCERN
At the end of the year reserves stood at £91.7k (2020: £134.6k) of which £9k (2020: £17.9k) was represented by Restricted Funds. Free reserves, excluding fixed assets are £82.6K, 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 led to the curtailment of travel activities. Government support packages assisted with overheads during this time. As travel restrictions lift, tours are due to resume in March 2022. 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 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 Mr Arthur Steel as a Trustee. Mr Steel has a background in financial management and brings expertise which complements the skills of the other trustees, some of which were lost with the resignation of Mr Graham Snudden.
We continue to be severely affected by the global pandemic and no trips have been possible this year. However, we are delighted that the groups that were booked to travel have postponed their trips rather than cancelled; some have even increased in size. As we move into 2022, we are hopeful that tours due to travel this spring 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 2023 in particular.
As travel has not been possible, we have developed other ways to connect with our customers. We have continued with our series of online lectures, the most recent being a series on pilgrimage. These have been well received and we may continue to develop this post pandemic. Such was the success of the Faith in Art lectures we ran in 2021, that we have been able to develop a ‘Faith in Art’ tour to Florence in April 2022.
We have also continued our research into ways to offset our carbon emissions once travel recommences
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The Trustees continue their review of governance and operational procedures and it is pleasing to note that we are doing much more than is legally required and following “good practice”, we are all of a mind that this is something else that should mark out Pilgrimage People as part of our commitment to being an example in all that we do.
FUNDRAISING
Pilgrimage People does not see itself as a fund-raising organisation outside the surpluses generated from its core business. We are always happy to accept donations from those who have returned and incorporate them into our disbursements. Such donations are clearly recorded and notated in our accounts. Given our aim to support the Christian community in the Holy Land, a fundraising appeal was launched at the height of the pandemic and this raised c£2k. This was added to charitable funds we held and made possible a donation for scholarships to support three students at Bethlehem University who would otherwise have been unable to continue their education.
Our ongoing aim is to increase the number of pilgrims travelling with us and develop the range of pilgrimage destinations. However, the impact of the pandemic has meant that we have not been able to achieve this, although it continues to be a focus.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees (who are also directors of Pilgrimage People Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees’ Report including the Strategic Report was approved by the Board and signed on their behalf on 2022 by:
-------------------------------Jane Goring Chair of Trustees 17 February 2022
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PILGRIMAGE PEOPLE LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2021
I report on the accounts of the Charity for the period ended 30 September 2021, which are set out on pages 7 to 17.
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
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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.
Peters Elworthy and Moore Salisbury House, Station Road Cambridge CB1 2LA
28 February 2022
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| Note | £ | £ | £ | £ | |
| INCOME | |||||
| Donations and legacies | 1 | - | 907 | 907 | 3,729 |
| Charitable Activities | |||||
| Pilgrimages | 4,875 | - | 4,875 | 176,339 | |
| Investment income- bank deposit | |||||
| interest | 88 | - | 88 | 597 | |
| Other income | 2 | 32,198 | - | 32,198 | 14,356 |
| -------------------- | ------------------- | ------------------- | ------------------- | ||
| Total | 37,161 | 907 | 38,068 | 195,021 | |
| -------------------- | ------------------- | ------------------- | ------------------- | ||
| EXPENDITURE | |||||
| Charitable activities | 3 | 71,187 | 9,762 | 80,949 | 204,008 |
| ------------------- | ------------------ | ------------------- | ------------------- | ||
| Total | 71,187 | 9,762 | 80,949 | 479,710 | |
| ------------------- | ------------------ | ------------------ | ------------------ | ||
| Net (expenditure)/income for the year | (34,026) | (8,855) | (42,881) | (8,987) | |
| Funds brought forward at | |||||
| beginning of year | 116,692 | 17,902 | 134,594 | 143,581 | |
| ------------------------ | --------------------- | -------------------- | -------------------- | ||
| Funds carried forward at end of year | 82,666 | 9,047 | 91,713 | 134,594 | |
| ========== | ========= | ========== | ========== |
The accompanying notes form part of these financial statements.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
COMPANY NUMBER: 7180904
BALANCE SHEET
AS AT 30 SEPTEMBER 2021
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSETS | 10 | 95 | 252 | ||
| CURRENT ASSETS | |||||
| Debtors and prepayments | 11 | 171,066 | 198,483 | ||
| Cash at bank and in hand | 161,714 | 171,665 | |||
| ------------------ | ------------------ | ||||
| 332,780 | 370,148 | ||||
| CURRENT LIABILITIES | |||||
| Creditors | 12 | (241,162) | (235,806) | ||
| ----------------- | ----------------- | ||||
| NET CURRENT ASSETS | 91,618 | 134,342 | |||
| ---------------- | --------------- | ||||
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 91,713 | 134,594 | ||
| ========== | ========== | ||||
| Represented by: | |||||
| Unrestricted | 13 | 82,666 | 116,692 | ||
| Restricted | 13 | 9,047 | 17,902 | ||
| ---------------- | ---------------- | ||||
| 91,713 | 134,594 | ||||
| ========== | ========== |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees 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 Act") relating to small companies and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Trustees/Directors on 1 February 2022 and signed on their behalf by
-------------------------------Jane Goring Chair of Trustees 17 February 2022
The accompanying notes form part of these financial statements.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
ACCOUNTING POLICIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 led to the temporary curtailment of activities since Spring 2020. As travel restrictions lift, the trustees anticipate that tours will resume in March 2022. 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.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
ACCOUNTING POLICIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 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.
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 1. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| General donations | 907 | 3,729 | |
| ---------------- | ----------------- | ||
| 907 | 3,729 | ||
| ========= | ========= | ||
| 2. | OTHER INCOME | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Grant income | 32,198 | 13,336 | |
| Other income | - | 1,020 | |
| ---------------- | ----------------- | ||
| 32,198 | 14,356 | ||
| ========= | ========= |
Other grant income represents amounts receivable under the Coronavirus Job Retention Scheme (CJRS) of £32,198 (2020 - £3,336) to cover salaries of furloughed staff.
3.
4.
| EXPENDITURE ON CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Direct costs of pilgrimages and courses | ||
| Airline and agents' fees | - | 45,973 |
| Accommodation and tour costs | - | 84,982 |
| Licence costs | 741 | 1,931 |
| Courses | 1,000 | - |
| ------------------ | ------------------- | |
| 1,741 | 132,886 | |
| Grants and donations -note 4 | 9,762 | - |
| Governance and Support costs –note 5 | 69,446 | 71,122 |
| ----------------- | ------------------ | |
| 80,949 | 204,008 | |
| ========= | ========= | |
| GRANTS AND DONATIONS | ||
| 2021 | 2020 | |
| £ | £ | |
| Bethlehem University | 8,812 | - |
| Latin Patriarchate | 320 | - |
| Tunes for Peace | 630 | - |
| ----------------- | ------------------- | |
| 9,762 | - | |
| ========== | ========= |
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 5. | ANALYSIS OF GOVERNANCE AND SUPPORT COSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Support costs | |||
| Administrative support | - | 71 | |
| Staff costs | 53,187 | 49,538 | |
| Premises costs | 6,322 | 10,022 | |
| Office costs | 3,452 | 4,151 | |
| Advertising and Marketing | 380 | 1,113 | |
| Accountancy fees | 4,572 | 2,656 | |
| Other | 573 | 2,771 | |
| ------------- | ---------------- | ||
| 68,486 | 70,322 | ||
| Governance costs | |||
| Independent examination fee | 960 | 800 | |
| ---------------- | ------------- | ||
| 69,446 | 71,122 | ||
| ========= | ====== | ||
| 6. | STAFF COSTS | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Support costs | |||
| Wages and salaries | 52,054 | 48,535 | |
| Social security costs | - | - | |
| Pension costs | 1,133 | 1,003 | |
| --------------- | ------------------- | ||
| 53,187 | 49,538 | ||
| ========= | ====== | ||
| No. | No. | ||
| Average number of staff | 2 | 2 | |
| -------------------- | ------------------ | ||
| No employee earned in excess of £60,000 (2020: None). | |||
| 7. | INDEPENDENT EXAMINER’S REMUNERATION | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Independent examiners' remuneration (inclusive of VAT) | |||
| - Examination fees | 960 | 800 | |
| - Accountancy fees | 2,000 | 1,800 | |
| - Bookkeeping fees | 1,428 | 2,376 | |
| - ATOL fees | 880 | 880 | |
| - prior year over accrual | 264 | (400) | |
| ========== | ========== |
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DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 (2020: £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 2020 | 3,136 | ||
| Additions | 100 | ||
| ======== | |||
| At 30 September 2021 | 3,236 | ||
| ======== | |||
| Depreciation | |||
| At 1 October 2020 | 2,884 | ||
| Depreciation | 257 | ||
| ======== | |||
| At 30 September 2021 | 3,141 | ||
| ======== | |||
| Net Book Value | |||
| At 30 September 2021 | 95 | ||
| ======== | |||
| At 30 September 2020 | 252 | ||
| ======== | |||
| 11. | DEBTORS | 2021 | 2020 |
| £ | £ | ||
| Trade debtors | 143,325 | 140,165 | |
| Prepayments and accrued income | 27,741 | 58,318 | |
| -------------------- | -------------------- | ||
| 171,066 | 198,483 | ||
| ========= | ========= |
13
DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 12. | CREDITORS | 2021 | 2020 |
|---|---|---|---|
| Amounts falling due within one year | £ | £ | |
| Trade creditors | - | 324 | |
| Accruals | 5,814 | 7,599 | |
| Deferred income | 235,348 | 225,550 | |
| Taxes and Social Security | - | 1,542 | |
| Other creditors | - | 441 | |
| Funds held as agent | - | 350 | |
| -------------- | --------------- | ||
| 241,162 | 235,806 | ||
| ========= | ========= | ||
| 2021 | 2020 | ||
| Deferred income | £ | £ | |
| Deferred income at 1 October 2020 | 225,550 | 211,847 | |
| Resources deferred during the year | 36,948 | 178,450 | |
| Amounts released from previous years | (27,150) | (164,747) | |
| --------------- | --------------- | ||
| Deferred income at 30 September 2021 | 235,348 | 225,550 | |
| ========= | ========= |
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 2020 | 30 September | |||
| 2021 | ||||
| £ | £ | £ | £ | |
| Unrestricted | 116,692 | 37,161 | (71,187) | 82,666 |
| Restricted | ||||
| Education - General | 1,855 | 45 | (630) | 1,270 |
| Economic Assistance | 944 | - | - | 944 |
| Bursaries | 1,910 | - | - | 1,910 |
| Other | 13,193 | 862 | (9,132) | 4,923 |
| -------------------- | ------------------- | ------------------- | -------------------- | |
| Total restricted | 17,902 | 907 | (9,762) | 9,047 |
| -------------------- | ------------------- | ------------------- | -------------------- | |
| Total funds | 134,594 | 38,068 | (80,949) | 91,713 |
| ========== | ========== | ========== | ========== |
14
DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
13. FUNDS (CONTINUED)
FUNDS – PRIOR YEAR
| FUNDS – PRIOR YEAR | ||||
|---|---|---|---|---|
| Opening | Closing | |||
| Balance | Incoming | Expended | Balance | |
| 1 October | 30 September | |||
| 2019 | 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 |
| ========== | ========== | ========== | ========== |
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 2021 | |||
| represented by: | |||
| Fixed assets | 95 | - | 95 |
| Current assets | 323,733 | 9,047 | 332,780 |
| Current liabilities | (241,162) | - | (241,162) |
| ----------------------- | ---------------------- | ---------------------- | |
| 82,666 | 9,047 | 91,713 | |
| =========== | =========== | ========== |
15
DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 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. RELATED PARTY TRANSACTIONS
There were no related party transactions during the current or prior year.
16
DocuSign Envelope ID: 1AE27566-E434-478D-BF98-9D531982851B
PILGRIMAGE PEOPLE LTD (A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | 2020 | ||
|---|---|---|---|---|
| Funds | Funds | Total | ||
| Note | £ | £ | £ | |
| INCOME | ||||
| Donations and legacies | 1 | - | 3,729 | 3,729 |
| Charitable Activities | 176,339 | - | 176,339 | |
| Pilgrimages | ||||
| Investment income- bank deposit interest | 597 | - | 597 | |
| Other income | 14,356 | - | 14,356 | |
| ----------------- | ---------------- | ----------------- | ||
| Total | 191,292 | 3,729 | 195,021 | |
| ----------------- | ---------------- | ----------------- | ||
| EXPENDITURE | ||||
| Charitable activities | 2 | 204,008 | - | 204,008 |
| ----------------- | ----------------- | ----------------- | ||
| Total | 204,008 | - | 204,008 | |
| ----------------- | ----------------- | ----------------- | ||
| Net Income/(expenditure) for the year | (12,716) | 3,729 | (8,987) | |
| Funds brought forward at | ||||
| beginning of year | 129,408 | 14,173 | 143,581 | |
| Funds carried forward at end of year | 116,692 | 17,902 | 134,594 | |
| ========== | ========= | ========== |
17