**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.
Page 1
## **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:
- s select suitable accounting policies and then apply them consistently
- s make judgements and estimates that are reasonable and prudent
- 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
- 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.
Page 2
## **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.
Page 3
## **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:
- 1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- 2) the accounts do not accord with those records, or
- 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
- 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:
Page 5
## **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
Page 6
## **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
- (a) ensuring that the charitable company keeps accounting records that company with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise 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
Page 7
**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':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);
- 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);
- the requirements of Section 12 Other Financial Instrument paragraphs 12.26, 12.2, 12.29(a), 12.29(b) and 12.29A.
- 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.
Page 8
**2**
**3**
**4**
**5**
## **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|
Page 9
**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|
Page 10
**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|
Page 11
**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**
Page 12
## **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
Page 13