**REGISITERED COMPANY NUMBER: 07980286 (England and Wales) REGISTERED CHARITY NUMBER: 1147259** **Report of the Trustees and** **Unaudited Statements For The Year Ended 31st March 2024 for** **Peterborough International Christian Centre** ## **Peterborough International Christian Centre** ## **Contents of the Financial Statements** ## **For The Year Ended 31st March 2024** ||Page| |---|---| |Report of the Trustees|1 to 4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Movements in funds|8| |Detailed Statement of Financial Activities|9| **Peterborough International Christian Centre Report of the Trustees For the Year Ended 31st March 2024** ## **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 of 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 reasonably restricted in any way and that there is no detriment or harm arising from the aims and activities. ## **ACHIEVEMENT AND PERFORMANCE** ## **Governance** 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, registration number 7980286. The Company is a registered charity -number 1147529. As stated 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 appinted by the Church Council. As election and recruitment process takes place when potential board members are slected after making careful enquiry as to their suitability and their support of the objectives of the charity. 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 thee of its members are nominated to serve as company directors. The chair has been nominated as T Bedward-Jones. The addition of Time and Virginia Kujiyat to the leadership has been very positive and they have hit the ground running. Continued growth and strengthening of the church has taken us forward this year. Now there is a strong foundation we can look to build and expand rather than maintain. Giving has stabilised and membership has increased showing good church health. ## **Programme** The main gathering on Sunday has continued to grow due to the excellent support activities. Coffee morning, Alpha and the associated bible study continue to thrive. Other ministry groups continue within the church as well as outreach and community support. The homeless support through the pods supplied in partnership with the Light Project continue to be successful. ## **Buildings** While we are grateful of our current facilities we know growth and activity will be limited if we stay where we are now in a position to start looking for new premises and we will be putting bids in for buildings in our community in the near future. Page 1 ## **Peterborough International Christian Centre Report of the Trustees For the Year Ended 31st March 2024** ## **Public Benefits** 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 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. 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 planning the activities, the trustees have applied the guidance on public benefit issued by the Charity Commission. Page 2 **Peterborough International Christian Centre Report of the Trustees For the Year Ended 31st March 2024** ## **FINANCIAL REVIEW** ## **Financial Position** The finance continue to be stable at present. We are truly grateful for this but would like to see increase to establish budgets for more outreach activities. ## **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 positionat 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. Tim Bedward-Jones wage is reviewed by a salaries group in conjunction with the AoG salaries guidance for ministers. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Peterborough International Christian Centre is a company limited by guarantee not having a share capital, operating under 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. 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 ## **Peterborough International Christian Centre Report of the Trustees For the Year Ended 31st March 2024** ## **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 Ms S G Holloway Mr Timothy Kujiyat ## **Independent examiner** Teresa Roomes ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Bankers** HSBC Cathedral Square Peterborough PE1 1XL Approved by order of the board of trustees on 22nd December and signed on its behalf by: T Bedward-Jones - Trustee 20th December 2024 Page 4 ## **Independent Examiner's Report of the Trustees of Peterborough Community Christian Centre** I report to the trustees on my examination of the accounts of Peterborough International Christian Centre ('the charity') for the year ended 31/03/2024. ## **Responsibilities and Basis of Report** As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and under section 145(5)(b) of the 2011 Act. ## **Examiner’s** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in accordance with section 130 of the 2011 Act; or 2 the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention drawn in order ## **Examiner’s** Name: Roomes Address: Business Industrial Park Bergan Way Kings Lynn Norfolk PE30 2JG **Teresa Roomes** Date: 20th December 2024 Page 5 ## **Peterborough International Christian Centre** ## **Statement of Financial Activities** ## **For the Year Ended 31st March 2024** |**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**|**31/03/2024**
**31/03/23**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**funds**
**fund**
**funds**
**£**
**£**
**£**
**£**
49,817
56
49,873
50,111| |---|---| ||49,817
56
49,873
50,111
53,066
672
53,738
1,190
187
0
187
50,220| ||53,253
672
53,925
51,410
(3,436)
(616)
(4,052)
(1,299)
129,934
4,851
134,785
136,084| ||126,498
4,235
130,733
134,785| The notes form part of these financial statements Page 6 ## **Peterborough International Christian Centre Balance Sheet At 31st March 2024** |**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Debtors
Cash at Bank
**CREDITORS**
Amounts falling due within one year
**CURRENT**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Restricted funds|**31/03/2024**
**31/03/2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**funds**
**fund**
**funds**
**£**
**£**
**£**
**£**
113,388
0
113,388
113,388
0
0
0
0
13,764
0
13,764
17,529|**31/03/2024**
**31/03/2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**funds**
**fund**
**funds**
**£**
**£**
**£**
**£**
113,388
0
113,388
113,388
0
0
0
0
13,764
0
13,764
17,529|**31/03/2024**
**31/03/2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**funds**
**fund**
**funds**
**£**
**£**
**£**
**£**
113,388
0
113,388
113,388
0
0
0
0
13,764
0
13,764
17,529| |---|---|---|---| ||13,764
0
13,764
17,529
0
0
0||| ||0
0
0
0||| ||13,764
0
13,764
17,529||| ||127,152
0
127,152
130,917||| |||118,672
122,776
8,480
8,141|| |||127,152
130,917|| ||||| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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. statements behalf by: ## **T Bedward-Jones - Trustee** The notes form part of these financial statements Page 7 ## **Peterborough International Christian Centre** ## **Detailed Statement of Financial Activities For the Year Ended 31st March 2024** ## **MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|| |---|---| |**Unrestricted funds**
General Fund
**Restricted funds**
Building
George's Bursary
Youth
Community
Vision
**Total Fund**|Net
At 01.04.23
Movement
At 31.04.24
122,776
(4,104)
118,672
6,006
25
6,031
635
-
635
871
-
871
629
(641)
(12)
-
955
955| ||8,141
339
8,480| ||| ||130,917
(3,765)
127,152| Page 8 ## **Peterborough International Christian Centre** ## **Detailed Statement of Financial Activities For the Year Ended 31st March 2024** ## **31/03/2024 31/03/2023** ## **INCOME AND ENDOWMENTS** |**Donations and legacies**
Donations
Gift aid
Sales
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Activities
**Other**
Wages
Social security
**Support costs**
**Management**
Support costs
Sundries
Establishment
Event Cost
Subscription
Hospitality
Community
Repairs & Renewals
Bank charges
Governance costs
Depreciation of tangible fixed assets
**Governance costs**
Accountancy and legal fees
**Net Expenditure**|41,425
38,039
8,312
12,072| |---|---| ||49,737
50,111
136
0| ||49,873
50,111| ||5,025
1,190| ||5,025
1,190
17,443
14,100
0
0| ||17,443
14,100
28,659
25,194
676
446
0
2,428
835
0
0
759
0
2,848
0
1,479
187
2,016
316
106
784
0
0
844| ||31,457
36,120
0
0| ||53,925
51,410| ||(4,052)
(1,299)| This page does not form part of the statutory financial statements Page 9