REGISITERED COMPANY NUMBER: 07980286 (England and Wales) REGISTERED CHARITY NUMBER: 1147259
Report of the Trustees and
Unaudited Statements For The Year Ended 31st March 2022 for
Peterborough International Christian Centre
Peterborough International Christian Centre
Contents of the Financial Statements For The Year Ended 31st March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 |
Peterborough International Christian Centre
Report of the Trustees For the Year Ended 31st March 2022
The trustees who are also the directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2020. 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 1 January 2015)).
OBJECTIVES AND ACTIVITES
Objectives and Claims
The charitable objectives of the company are:
To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the work as the Church Council from time to time may think fit.
To relieve sickness and financial hardship and to promote and preservice good health by the provision of funds, goods or services or any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time think fit.
To advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.
Public Benefit
The trustees have considered this matter in conjunction with the guidance contained in the Charity Commission's guidance on public benefit, and have concluded that the aims continue to be charitable, that the aims and activities give identifiable benefits to the charitable sector, that the benefits are for the public and not unreasonably restricted in any way, and that there is no detriment or harm arising from the aims and activities.
ACHIEVEMENT AND PERFORMANCE
Governance
2021-2022 saw the end of lockdown and mirculously, despite national predictions both attendance and finances had risen coming out of the lockdown. This proves that despite the lack of Sunday meetings the work and health of the church continued both robustly and strongly.
Programme
Despite the lockdown, it appears that regular attendance rose 10% compared to pre lockdown figures. Also people joining us rose also which is incredible when we consider the lack of meetings over lockdown.
Our programme had to change to reflect the new normal. The food distribution, which we partnered with other local charities, grew exponentially and continues in effect and influence. We are looking to host some short term residential pods to help with the homeless situation in the locality. Also DISH (Dinner in School Holidays) is an invaluable addition to the programme. Plans for a coffee morning and an Alpha course to extend these provisions are taking shape.
Our Sunday services are back and well populated and well connected to the community provision.
The launch of the online Bible Academy, prayer nights and Flourish are all thriving too.
Buildings
As expected, lockdown was a great opportunity to do some running repairs. The biggest outlay was for new front doors and foyer refurbishment to replace the dated and inadequate facilities we had. Credit must go to Dave Hornal and his team who continue to work hard on giving us a great place to meet.
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Peterborough International Christian Centre
Report of the Trustees
For the Year Ended 31st March 2022
Community Benefit
As part of its regular programme, PICC reaches to all ages through its provision for children and youth work and other community provision mentioned above.
In addition, PICC connects to and serves other community organisations and we see this expanding in the future but we are exercising a degree of caution with post COVID restrictions being applied by the trustees.
FINANCIAL REVIEW
Financial Position
Despite the lack of meetings the finances have improved during lockdown. Due to the commitment of people to the continued activity and vision, coupled with good management in difficult times the finances in good shape. This is truly a miracle!!
Investment policy and objectives
The council do not envisage being in a position to make any investments. If the eventuality arose no decisions would be made without written advise from a qualified and suitable professional.
Reserves Policy
The trustees aim to build and maintain a reserve of three months operating expenditure cost. It was recognised that the building fund would be separate to this, and in a separate account, to ensure the running of the church and money given into the building project could remain separate.
Trustees Responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charities financial activities during the year and to its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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s select suitable accounting policies and then apply them consistently
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s make judgements and estimates that are reasonable and prudent
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s state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements and
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s prepare the financial statements on the going concern basis unless it is in appropriate to presume that the charity will continue in business.
Payment of Directors
Tim Bedward-Jones as the Senior Minister is on the payroll. Other than receipted reimbursable expenses, no other trustee has received payment for services. Through lockdown Tim Bedward-Jones took a cut in salary but this will be reviewed when lockdown has concluded and circumstances permit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Peterborough International Christian Centre is a company limited by guarantee not having a share capital, operating under a Memorandum and Articles of Association. It was incorporated on 7th March 2012, company registration number 7980286. The Company is a registered charity - number 1147529.
As state in the Memorandum and Articles of Association every director is liable to contribute no more than £1.00 in the event of the company being wound up during the time they are a member of one year thereafter.
New trustee directors are appointed by the Church Council. A selection and recruitment process takes place when potential board members are selected after making careful enquiry as to their suitability and their support of the objectives of the charity.
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Peterborough International Christian Centre
Report of the Trustees
For the Year Ended 31st March 2022
The charity is run by the Church Council on a day to day basis. It meets at least four times per year and additionally as required. At least three of its members are nominated to serve as company directors. The chair has been nominated as T Bedward-Jones.
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Report of the Trustees For the Year Ended 31st March 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07980286 (England and Wales)
Registered Charity number
1147529
Registered Office
Lincoln Road Millfield Peterborough Cambridgeshire PE1 2PE
Trustees
T Bedward-Jones Minister of Religion Ms S G Holloway Nursery Nurse Ms E M Homal Retired
Independent examiner
Teresa Roomes
Solicitors
Stephen Marshall Geldards LLP Number One Pride Place Pride Park Derby DE24 8QR
REFERENCE AND ADMINISTRATIVE DETAILS Bankers
HSBC Cathedral Square Peterborough PE1 1XL
Church council
Tim Bedward-Jones (Senior Pastors) Jill Bedward-Jones (Senior Pastors) Sharon Holloway Elizabeth Hornal David Hornal (Finance)
Approved by order of the board of trustees on 29th January 2023 and signed on its behalf by:
T Bedward-Jones - Trustee
Page 4
Independent Examiner's Report of the Trustees of Peterborough Community Christian Centre
Independent examiner's report to the trustees of Peterborough International Christian Centre ("the Company") I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2022.
Responsibilities and basis of report
As the charity's trustees of the 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 of 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 completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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2) the accounts do not accord with those records, or
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3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
Teresa Roomes
Date:
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Peterborough International Christian Centre
Statement of Financial Activities For the Year Ended 31st March 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Total EXPENDITURE ON Charitable activities Charitable Other Total NET INCOME(EXPENDITURE) RECONCILATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31/03/2022 31/03/2021 Unrestricted Restricted Total Total fund funds fund funds £ £ £ £ 53,577 3,896 57,473 28,641 |
|---|---|
| 53,577 3,896 57,473 28,641 27,474 5,537 33,011 21,832 8,728 0 8,728 8,219 |
|
| 36,202 5,537 41,739 30,051 17,375 (1,641) 15,734 (1,410) 111,437 8,913 120,350 121,760 |
|
| 128,812 7,272 136,084 120,350 |
The notes form part of these financial statements
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Peterborough International Christian Centre Balance Sheet At 31st March 2022
| Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at Bank CREDITORS Amounts falling due within one year 8 TOTAL ASSETS LESS CURRENT LIABILTIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds |
31/03/2022 31/03/2021 Unrestricted Restricted Total Total fund funds fund funds £ £ £ £ 113,502 0 113,502 113,178 0 0 0 0 18,705 0 18,705 3,563 |
31/03/2022 31/03/2021 Unrestricted Restricted Total Total fund funds fund funds £ £ £ £ 113,502 0 113,502 113,178 0 0 0 0 18,705 0 18,705 3,563 |
|---|---|---|
| 18,705 0 18,705 3,563 0 0 (1,448) |
||
| 18,705 0 18,705 2,115 |
||
| 132,207 0 132,207 115,293 |
||
| 132,207 0 132,207 115,293 |
||
| 124,300 105,746 7,907 9,547 |
||
| 132,207 115,293 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that company with Sections 386 and 387 of the Companies Act 2006 and
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(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 company 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 to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 29th December 2023 and were signed on its behalf by:
T Bedward-Jones - Trustee
The notes form part of these financial statements
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Peterborough International Christian Centre
Notes to the Financial Statements For the Year Ended 31st March 2022
1 ACCOUNTING POLICIES
Basis of preparing 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 1 January 2015)'. Financial Reporting Statement 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.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);
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the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44m 11.45, 11.47, 11.48(a)(iii), 11.48(a),(iv), 11.48(b) and 11.48 (c);
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the requirements of Section 12 Other Financial Instrument paragraphs 12.26, 12.2, 12.29(a), 12.29(b) and 12.29A.
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the requirement of Section 33 Related Party Disclosure paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is possible 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 and 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 to write off each asset over its estimated useful life.
- Plant and machinery 10% on reducing balance - Fixtures and fittings 10% on reducing balance
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.
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Peterborough International Christian Centre
Notes to the Financial Statements For the Year Ended 31st March 2022
Restricted funds can only be used for particular restricted purposes with the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets TRUSTEES' REMUNERATION AND BENEFITS |
31/03/2022 31/03/2021 £ £ 856 820 |
|---|---|
T Bedward-Jones was paid remuneration of £8,724. This was for services provided as senior pastor and is covered by the governing document of the charity.
Trustees' Expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021
STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31/03/2022 | 31/03/2021 | |
|---|---|---|
| Management | 2 | 2 |
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Total EXPENDITURE ON CHARITABLE ACTIVITIES Charitable Other Total NET INCOME/(EXPENDITURE) RECONCILATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Total fund funds funds £ £ £ 28,641 0 28,641 |
|---|---|
| 28,641 0 28,641 21,832 0 21,832 8,137 (82) 8,219 |
|
| 29,969 (82) 30,051 (1,328) (82) (1,410) 112,131 8,995 121,760 |
|
| 110,803 8,913 120,350 |
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Peterborough International Christian Centre
Notes to the financial statements - continued For the Year Ended 31st March 2022
6 TANGIBLE FIXED ASSETS
| 6 | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Freehold | Plant and | Fixtures and | |||
| property | machinery | fittings | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| As 1st April 2021 and | 105,797 | 15,458 | 3,487 | 124,742 | |
| Additions | 0 | 0 | 1,480 | 1,480 | |
| Disposal | 0 | 0 | (300) | (300) | |
| 31st March 2022 | 105,797 | 15,458 | 4,667 | 125,922 | |
| DEPRECIATION | |||||
| As 1st April 2021 | 0 | 9,428 | 2,136 | 11,564 | |
| Charge for year | 0 | 603 | 253 | 856 | |
| 0 | 10,031 | 2,389 | 12,420 | ||
| NET BOOK VALUE | |||||
| At 31st March 2021 | 105,797 | 6,030 | 1,351 | 113,178 | |
| At 31st March 2022 | 105,797 | 5,427 | 2,278 | 113,502 | |
| 7 | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31/03/2022 | 31/03/2021 | ||||
| £ | £ | ||||
| Trade Debtors | 0 | 0 | |||
| Other debtors | 0 | 0 | |||
| Prepayments and accrued income | 0 | 0 | |||
| 0 | 0 | ||||
| 8 | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31/03/2022 | 31/03/2021 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 9) | 0 | 0 | |||
| Trade creditors | 0 | 0 | |||
| Other creditors | 0 | 1,448 | |||
| Accrued expenses | 0 | 0 | |||
| 0 | 1,448 |
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Peterborough International Christian Centre
Notes to the financial statements - continued For the Year Ended 31st March 2022
9 MOVEMENT IN FUNDS
| Unrestricted funds General funds Restricted funds Broadway fund Vision fund Youth Hospitality Community Other TOTAL FUNDS Comparative for movement in funds Unrestricted funds General fund Restricted funds Building fund George's bursary Other Youth Hospitality Vision Fund Community TOTAL FUNDS |
Incoming Resources Net Movement Resources Expanded in funds £ £ £ 53,577 (35,021) 18,556 0 (2,200) (2,200) 913 0 913 1,500 (1,129) 371 0 (923) (923) 1,133 (934) 199 350 (350) 0 |
|---|---|
| 3,896 (5,536) (1,640) |
|
| 57,473 (40,557) 16,916 |
|
| Net movement At 1.4.20 in funds At 31.3.21 £ £ £ 107,156 1,410 105,746 8,206 0 8,206 635 0 635 0 0 0 500 0 500 32 20 52 256 (256) 0 0 154 154 |
|
| 9,629 (82) 9,547 |
|
| 116,785 (1,492) 115,293 |
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Peterborough International Christian Centre
Notes to the financial statements - continued For the Year Ended 31st March 2022
9 MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Other Vision fund TOTAL FUNDS |
Incoming Resources Movement in resources expended funds £ £ £ 28,641 (30,051) (1,410) 0 174 174 0 (256) (256) |
|---|---|
| 28,641 (30,133) (1,492) |
A current year 12 months and prior year 12 months combined as follows:
| Unrestricted funds General Fund Restricted funds Building fund George's bursary Vision fund Youth Hospitality Other Community TOTAL FUNDS |
Net Movement At 1.4.20 in funds At 31.3.22 £ £ £ 107,156 17,144 124,300 8,206 (2,200) 6,006 635 0 635 256 657 913 500 371 871 32 (903) (871) 0 0 0 0 353 353 |
|---|---|
| 9,629 (1,722) 7,907 |
|
| 116,785 15,422 132,207 |
Rent and rates costs for the manse, which is T Bedward-Jones residence, have been paid by the charity. During the year this amount to £16,706.
10 RELATED PARTY DISCLOSURES
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Peterborough International Christian Centre
Detailed Statement of Financial Activities For the Year Ended 31st March 2022
31/03/2022 31/03/2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Total incoming resources EXPENDITURE Charitable activities Motor and travelling Kids church Missions giving Youth Ableton Other Wages Social security Support costs Management Support costs Sundries Establishment Office overheads Repairs & renewals Bank charges Depreciation of tangible fixed assets Governance costs Accountancy and legal fees Net Expenditure |
57,473 23,237 0 5,404 |
|---|---|
| 57,473 28,641 0 0 237 0 420 540 1,129 0 |
|
| 1,786 540 8,728 8,219 0 0 |
|
| 8,728 8,219 23,931 16,546 713 243 3,671 2,771 116 912 2,200 0 (113) 0 856 820 |
|
| 31,374 21,292 (1,331) 0 |
|
| 40,557 30,051 |
|
| 16,916 (1,410) |
This page does not form part of the statutory financial statements
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