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← The British Pilgrimage Trust CIO

2023-12-31-accounts

Charity Number: 1176045

THE BRITISH PILGRIMAGE TRUST CIO

Report of the Trustees and Unaudited Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2023

THE BRITISH PILGRIMAGE TRUST (CIO)

CONTENTS

Page
Trustees' Report 1 - 7
Independent Examiners Report 8
Statement of Financial Activities (including Income and Expenditure Account) 9
Balance Sheet 10
Notes to the Financial Statements 11 - 19

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT

for the year ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 2019).

OBJECTIVES AND ACTIVITIES

Mission and aims

The British Pilgrimage Trust (BPT) is dedicated to reviving the ancient practice of pilgrimage in Britain, making it accessible and relevant to people of all beliefs and backgrounds. Over the past year, our efforts have catalysed a significant increase in interest and participation in British pilgrimage, with our free resources and guided routes enabling thousands to reconnect with nature, their communities, and themselves. This annual report highlights our key achievements, the impact of our work on individuals and communities, and outlines our future goals.

Our 2023 in numbers:

Projects & Developments:

We successfully delivered a cross-border pilgrimage route project, the Wexford-Pembrokeshire Pilgrim Way , working with Pembrokeshire and Wexford's county councils and national park authorities. The project was delivered to quality, cost and time parameters and the route has now been handed over for management by the relevant local communities.

We delivered thirty-six guided pilgrimages including project and festival pilgrimages, generating much needed funds for our charitable work. Private bookings were delivered for the Bank of England, Progressive Pilgrimage (USA) (and next year, RAW travel (AUS)).

We created and produced a series of passport stamps, one for each section along the Old Way. These are now being distributed to enable pilgrims to mark their progress and achievement.

Page 1 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

We signed up several Route Champions to act as local representatives at a number of locations including cathedrals at Canterbury, St Davids, Rochester, Southwark, Hereford, Chichester, St Edmundsbury and Bradford. Other non-Cathedral Champions include Devon Pilgrim, Kent Downs AONB, High Weald AONB, Dover District Council, Canterbury City Council, the Bishop of Wrexham, and the Deputy Lord Lieutenant for Sussex.

We promoted Cathedral Cycle Champions events with Carlisle, Newcastle, Durham, Portsmouth, Peterborough, Rochester, Bradford, and Southwark Cathedrals.

We now plan to set up a communication platform for networking these champions and volunteers, and to work with our professional researcher with a grant from British Academy/Leverhulme in order to explore data gathering opportunities amongst the pilgrimage network in Britain. This will provide us with some means of establishing how many people undertake pilgrimage in Britain on the ground, a question we are often asked but which is currently impossible to answer without commitment from pilgrimage destinations.

OUR IMPACT IN 2023:

Revitalising Pilgrimage in Britain by…

We provide free routes and information through our website, allowing anyone interested in British pilgrimage to easily access resources and plan their journeys. This year, 65% of users who downloaded routes were new to pilgrimage, showing that our efforts are successfully attracting fresh audiences. Our commitment to revitalising British pilgrimage is further supported by high-profile media engagement, including our contribution to the BBC series Pilgrimage: The Road through North Wales , which led to a spike of over 50,000 new user interactions on our website during the series' airing.

● Reaching New Audiences:

Our broader outreach and strategic partnerships resulted in over 164,000 new users visiting our website in the past eight months, primarily through organic searches for British pilgrimage. This reflects a growing national interest, with our recent YouGov survey indicating that 5.5% of people have undertaken a pilgrimage in Britain, and 19% are considering it. These findings underscore the relevance of pilgrimage today and our pivotal role in its resurgence. Nearly 8 million people aged 18-64 want to undertake pilgrimage in Britain.

● Grassroots Engagement:

We empower communities to create their own pilgrimage routes, encouraging a grassroots revival of this ancient practice; we added 28 new routes this year, many of which were directly initiated by locals. Local initiatives and user-generated routes expand our reach and diversify the experiences available, ensuring that pilgrimage remains a dynamic and evolving tradition.

"Pilgrimage is a reminder that life is a journey with a destination, not just an accumulation of time." — Pilgrim Testimonial

Page 2 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

Making Pilgrimage Accessible to Everyone by…

● Inclusive Pilgrimage Experiences:

BPT is committed to making pilgrimage accessible to people of all abilities, ages, and backgrounds. This year we have ensured that our routes cater to a wide range of needs, from shorter, manageable distances for those with limited time or mobility to more extensive journeys for experienced walkers. We provide clear guidance and detailed route information to ensure that all participants can find a pilgrimage experience that suits them.

● Addressing Safety and Accessibility Concerns:

Through ongoing research, including user feedback, we identified specific needs, such as the safety concerns expressed by women. In response, we developed comprehensive safety guidelines available on our website, helping to make pilgrimage a safer and more inclusive activity for everyone.

"I'm autistic and need to plan ahead rather than join a walking group." — Pilgrim Testimonial

● Enhanced Access to Routes:

This year, we expanded our route offerings, adding new paths across the UK to ensure greater geographic coverage. By tailoring our routes to be more accessible, we allow individuals to integrate pilgrimage into their lives more easily, whether they are seeking a spiritual journey, a personal challenge, or a quiet escape.

"I walked the Camino eight years ago, and this [BPT route] gives me a similar experience on a smaller scale—making it more achievable for me." — Pilgrim Testimonial

Improving Wellbeing: Providing A Path to Health and Healing by…

Pilgrimage offers a holistic approach to wellbeing, engaging the body, mind, and spirit in a harmonious journey. We surveyed pilgrims to understand deficits in their spiritual, emotional, and physical health. Nearly 47% of respondents reported a lack of spiritual fulfillment, while about 40% noted physical and emotional health challenges.

“I love the peace and tranquillity of the walk, meeting occasional pilgrims and locals along the way, sharing experiences, advice and warm wishes. The mindfulness it helps me achieve I don't experience anywhere else in my life.”

“Everything is stripped back. All the stresses of day to day life are washed away.” — Pilgrim Testimonials

● Promoting Mental Health:

Many pilgrims report that walking our routes helps them manage the stress and demands of modern life. The simplicity of walking, combined with the restorative power of nature, offers a unique form of healing that is accessible, affordable, complementary to other forms of therapy, and deeply resonant.

“The St Winefride's pilgrimage, and bathing in the well of St Winefride, was a wonderful, healing experience for me.”

“When I walk I think about my future and past, how to make the biggest difference in the world, what path I should be treading.” — Pilgrim Testimonials

Page 3 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

Providing Public Benefit: Strengthening Communities and Educating Generations by…

Pilgrimage naturally brings people together, fostering new friendships and strengthening community bonds. Our survey revealed that many participants are seeking a greater sense of belonging and community, with 44% expressing a desire for deeper social connections.

● Educational Impact:

Our routes have been used as educational tools in schools and universities, inspiring creative projects and academic research. Over 20% of users downloaded our routes for learning and research purposes, highlighting the broader cultural and educational value of our work.

● Supporting Carers and Volunteers:

Our mission helps people do good work - whether that’s within families, communities or society. A tangible portion of our pilgrims work or volunteer in caring roles or professions, such as healthcare, social care, and chaplaincy. These individuals use pilgrimage to recharge and regain the energy needed to continue their vital work in supporting others.

“Taking time to reflect and be in the present refills my inner ‘tank of resources’, helping my own and other people’s mental health. …”

“Walking pilgrimage helps me think about how present I am and available to others, to their concerns.” Pilgrim Testimonials

● Encouraging other charitable works:

As a charity, our work creates ripple effects across the charity sector. People use our routes for fundraising activity for a range of different good causes. This year, our pilgrims have raised money for education, combating cancer, caring for local heritage, or supporting victims of war overseas.

● Building and supporting communities:

The Sanctuary scheme, which brings pilgrims through rural villages, enriches communities as well as pilgrims. Our Sanctuary hosts report that in 2023 the scheme fostered a sense of community and built positive community relationships in rural areas. Welcoming pilgrims has brought joy to these places, increasing residents’ gratitude for their local area and heritage. Villagers have enjoyed sharing their history, their way of life, and even their food with the pilgrims that Sanctuary brings through their areas. We signed up nine new churches and village halls as sanctuaries in 2023.

“Pilgrims coming to see us - young pilgrims coming to see us - has created massively good morale in the villages. People love their village and want to open it up for people and welcome them; [the Sanctuary scheme] has helped build community and link these villages together”. – Sanctuary Host Testimonial

Page 4 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

FUNDRAISING:

Big Give: we participated in the ‘Christmas Challenge’, giving our individual donor community the opportunity to double their donations. We raised £12,046, a 50% increase on our 2022 performance.

Guided Pilgrimages: we guided pilgrimages in London (including special Coronation Pilgrimages on the Royal Route), Sussex, Somerset, Yorkshire, Herefordshire, Cornwall, Kent, Lancashire. Total charitable funds raised: £29.3K from Jan-Dec 23.

Major donors: we are very grateful to all our donors for their generous support over the year.

OUR PATH FORWARDS IN 2024:

We are a small team with 2 full-time and 1 part-time employees, but our ambition is big: we want to normalise pilgrimage in British culture and across the world. To achieve this, given our constraints, we must leverage digital technology as best we can. Hundreds of thousands of people per year reach our website, but it is now 9 years old, and website design and digital mapping has moved on so much since we first built it. So now our focus is on giving our website visitors the best experience we can, so they go from being interested to actually stepping out onto the footpath.

This year, one of our expert volunteers designed the full scoping deck for our new website (launching Spring 2024) and guided us through a competitive procedure to find a suitable agency. Vovi Studio were selected from a field of 15 agencies, and the contract was signed in October.

We have also decided to start uploading our pilgrimage routes to external walking map apps rather than develop a separate BPT app. This is in order to leverage these apps' pre-existing audiences of millions of users, and to reduce the digital friction of getting pilgrims onto the footpath. We have hired someone to start this work of uploading our 250+ routes. Progress will be dependent on available funding.

We are developing the pilot for a specific bereavement pilgrimage and other new forms of guided events such as dream incubation and silent pilgrimages.

Our other exciting development is that we have secured funding to develop a programme for introducing pilgrimage into Holistic Education. We will achieve this through collaboration with teachers, priests and chaplains in schools, and by working with adult volunteers who will educate those outside of the school system by becoming route developers, guides and

speakers/ambassadors. Schools in Britain have legal obligations which require them to promote the spiritual, moral, cultural, mental and physical development of pupils at the school and of society, and pilgrimage is well placed to support that.

The Trustees of the BPT are grateful to everyone who has donated to us, and volunteered for us, as well as those who use our services and inspire us to keep on going, as we cannot achieve any of this without you.

Page 5 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

FINANCIAL REVIEW:

Financial position

We made a net loss for the year of £35,198 ( 2022 net profit - £1,030). This is accounted for by a 60% reduction in Ancient Connections income following successful delivery of the project. This was in our forecast for 2023. We have also seen a fourfold increase in digital and marketing expenditure, again planned, and which reflects a key objective of expanding the footprint of the British Pilgrimage Trust. Our unrestricted reserves on 31 December 2022 were £74,936 (2022 - £105,610) and restricted reserves were £nil (2022 - £4,524).

Reserves policy

In 2023 the Board of Trustees reviewed our reserves policy in the light of the ongoing cost of living crisis. The free reserves fund was amended to a minimum of 4 months of essential expenditure and will rise again in 2024 to six months.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The British Pilgrimage Trust is constituted as a Charitable Incorporated Organisation (CIO) and is governed by its Constitution.

Recruitment and appointment of new trustees

Trustees are recruited and appointed in accordance with the terms of the Constitution. Apart from the first trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the trustees. In selecting individuals for appointment, the trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Page 6 .

THE BRITISH PILGRIMAGE TRUST (CIO)

TRUSTEES' REPORT (continued)

for the year ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1176045

Principal address

27 Upper Montagu Street Londond W1H 1SB

Trustees

Simon Guild Abigail Rowe Simon Hillson William De Winton

Independent Examiner

C&GB Associates 37-39 Westgate Thirsk North Yorkshire YO7 1QR

Bankers

Wise Payments Ltd 6th Floor, The Tea Building 56 Shoreditch High Street London E1 6JJ

Approved by order of the board of trustees on …...................................... and signed on its behalf by:

S Guild - Trustee

Page 7 .

THE BRITISH PILGRIMAGE TRUST CIO

INDEPENDENT EXAMINER'S REPORT for the year ended 31 December 2023

Independent Examiner's Report to the trustees of The British Pilgrimage Trust CIO

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no 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.

Signed:

Dated:

Guy Baragwanath FCA

C & G B Associates

37-39 Westgate Thirsk North Yorkshire YO7 1QR

Page 8 .

THE BRITISH PILGRIMAGE TRUST (CIO)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) for the year ended 31 December 2023

Unrestricted
funds
2023
Note
£
Income and endowments from:
Donations and legacies
2
48,792
Investment Income
3
2,264
Charitable activities
4
95,789
Other Income
2,662
Total income and endowments
149,507
Expenditure on:
Generating Funds
5
20,032
Charitable activities
6
153,104
Other Expenditure
-
Total expenditure
173,136
Net Income/(expenditure)
(23,629)
Transfer between funds
(7,045)
Net movement in funds
(30,674)
Reconciliation of funds:
Total funds at 1 January 2023
14
105,610
Total funds at 31 December 2023
14
74,936		 Restricted
funds
2023
£
-
-
25,000
-
25,000
32,045
4,524
-
36,569
(11,569)
7,045
(4,524)
4,524
0		 Total
funds
2023
£
48,792
2,264
120,789
2,662
174,507
52,077
157,628
-
209,705
(35,198)
-
(35,198)
110,134
74,936		 Total
funds
2022
£
47,145
72
160,748
350
208,315
12,073
195,212
-
207,285
1,030
-
1,030
109,104
110,134

The notes on pages 13 to 22 form part of these financial statements.

The statement of financial activities includes all gains and losses recognised during the year.

Page 9 .

THE BRITISH PILGRIMAGE TRUST (CIO) REGISTERED NUMBER: 1176045

BALANCE SHEET

as at 31 December 2023

Note
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
13
Net current assets
Net assets
Charity funds
Restricted funds
14
Unrestricted funds
- general
14
Total charity funds
Creditors: amounts falling due
within one year		 £
17,205
9,156
48,997
75,358
(1,777)		 2023
£
1,355
73,581
74,936
0
74,936
74,936		 £
16,367
1,316
103,233
120,916
(14,164)		 2022
£
3,382
106,752
110,134
4,524
105,610
110,134

The financial statements were approved by the Trustees and authorised for issue on …...................................... and were signed on its behalf by:

----- Start of picture text -----
S Guild - Trustee
William de Winton - Trustee
----- End of picture text -----

Page 10 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

1 Accounting policies

Basis of preparation of financial statements

The British Pilgrimage Trust is a charitable incorporated organisation (CIO) registered in England and Wales.

The address of the principal office is given in the charity information on page 10 of these financial statements. The nature of the charity's operations and principal activities are to re-establish and refresh the practice of Britain's distinctive pilgrimage tradition.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Page 11 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 December 2023

1 Accounting policies (continued) 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 that 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.

Irrecoverable VAT is charged as an expense against the activity for which the expenditure arose.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 15% on a straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within 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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 12 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

1 Accounting policies (continued) Cash

Cash at bank and cash 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.

Debtors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Financial instruments

The charity only holds basic financial instruments as defined in FRS 102. Trade debtors, trade creditors and accruals are held at amortised cost as detailed in notes 10 and 11. Prepayments are not financial instruments. Cash is measured at face value.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from donations and legacies

2023
Unrestricted
£
Donations and gifts
41,754
Gift aid
7,039
48,792
47,145
For the year ended
31 December 2022		 2023
Restricted
£
-
-
-
-		 2023
TOTAL
£
41,754
7,039
48,792		 2022
£
46,694
451
47,145
47,145

Page 13 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

----- Start of picture text -----
3 Income from investments
2023 2023 2023 2022
Unrestricted Restricted TOTAL
£ £ £ £
Deposit account interest 2,264 - 2,264 72
2,264 - 2,264 72
For the year ended
31 December 2022 72 - 72
4 Income from charitable activities
2023 2023 2023 2022
Unrestricted Restricted TOTAL
£ £ £ £
TO ADVANCE BRITISH PILGRIMAGE
Book Sales 18,347 - 18,347 20,435
-
Pilgrimages 29,398 29,398 27,190
Ancient Connections 44,754 - 44,754 106,868
CHK Foundation - 10,000 10,000 -
Tedworth Charitable - 15,000 15,000 -
- -
Charity Film Screening 3,289 3,289
CCPR - - - 6,255
95,789 25,000 120,789 160,748
For the year ended
31 December 2022 154,493 6,255 160,748
5 Analysis of expenditure on generating funds
2023 2023 2023 2022
Unrestricted Restricted TOTAL
£ £ £ £
TO ADVANCE BRITISH PILGRIMAGE
Fundraising 49 49 6,319
-
Advertising & publicity 19,983 19,983 5,754
- -
Digital Project 32,045 32,045
20,032 32,045 52,077 12,073
For the year ended
31 December 2022 12,073 - 12,073
----- End of picture text -----

Page 14 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

6 Analysis of expenditure on charitable activities

2023
Unrestricted
£
TO ADVANCE BRITISH PILGRIMAGE
Book Costs
997
Pilgrimages
6,502
Ancient Connections
36,322
CCPR
-
Support Costs
108,483
Governance Costs
800
153,104
193,481
For the year ended
31 December 2022		 2023
Restricted
£
-
-
-
4,524
-
-
4,524
1,731		 2023
TOTAL
£
997
6,502
36,322
4,524
108,483
800
157,628		 2022
£
32,094
8,399
71,771
1,731
81,127
90
195,212
195,212

Analysis of expenditure by expenditure type

2023
Unrestricted
£
Staff costs
7
105,615
Freelance staff costs
20,304
Travel & expenses
7,323
Guided pilgrimages
6,502
Website development
5,372
Insurance
647
Independent examiner fee
800
Postage & stationery
566
Equipment
1,705
Software
511
Book sale fees
1,835
Movement in stock of books
(838)
Bank charges
601
Currency gains/losses
134
Depreciation
2,027
153,104
193,481
For the year ended
31 December 2022		 2023
Restricted
£
-
-
3,274
1,250
4,524
1,731		 2023
TOTAL
£
105,615
20,304
10,598
6,502
6,622
647
800
566
1,705
511
1,835
(838)
601
134
2,027
157,628		 2022
£
107,675
26,019
12,898
7,799
4,460
1,096
90
-
537
334
2,043
30,051
183
-
2,027
195,212
195,212

Page 15 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

7
Staff Costs
2023
£
Wages & salaries
99,130
Social security costs
4,182
Other pension costs
2,303
105,615
The average number of employees during the year was as follows:
Charitable activity
4		 202
£
102,596
3,124
1,955
107,675
5

No employees received emoluments in excess of £60,000.

The key management personnel of the charity comprise the trustees and the senior management personnel.

8
Governance costs
Independent examiners remuneration		 2023
£
800
800		 2022
£
1,000
1,000

The independent examiners remuneration is for accounts preparation, independent examination and other work.

9 Trustees' remuneration and expenses

The Trustees had expenses reimbursed during the year totalling £Nil (2022: £Nil).

Page 16 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

----- Start of picture text -----
10 Tangible fixed assets
Fixtures &
Fittings Total
£ £
Cost
At 1 January 2023 13,521 13,521
13,521 13,521
Depreciation
At 1 January 2022 10,139 10,139
Charge for year 2,027 2,027
12,166 12,166
Net book value
At 31 December 2023 1,355 1,355
At 31 December 2022 3,382 3,382
11 Stocks
2023 2022
£ £
Books for sale 17,205 16,367
17,205 16,367
12 Debtors
2023 2022
£ £
Trade debtors 1,110 815
Other debtors 6,228 -
Gift aid receivable 1,818 501
9,156 1,316
----- End of picture text -----

Page 17 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

Creditors: amounts falling due within one year
13
Creditors: amounts falling d
Trade Creditors
Other creditors		 ue within one year 2023
2022
£
£
185
2,192
1,592
11,972
1,777
14,164
14
Fund reconciliation
Unrestricted funds
General fund		 Balance at
1 Jan 2023
£
105,610		 Net
movement
in funds
£
(23,629)		 Transfers
between
Balance at
funds
31 Dec 2023
£
£
(7,045)
74,936
Restricted funds
CCPR
CHK Foundation
Tedworth Charitable Trust		 105,610
4,524
-
-		 (23,629)
(4,524)
-
(7,045)		 (7,045)
74,936
-
-
-
-
7,045
-
4,524 (11,569) 7,045
-
Total funds 110,134 (35,198) -
74,936
Net movement in funds, included in the above are as follows:
Movement
Income
Expenditure
in funds
£
£
£
Unrestricted funds
General fund
149,507
(173,136)
(23,629)
Restricted funds
CCPR
CHK Foundation
Tedworth Charitable Trust		 149,507
-
10,000
15,000		 (173,136)
(23,629)
(4,524)
(4,524)
(10,000)
-
(22,045)
(7,045)
25,000 (36,569)
(11,569)
Total funds 174,507 (209,705)
(35,198)

The CCPR Fund is a grant from the Sisters of the Holy Cross Charitable Trust to develop Catholic Cathedral pilgrimage routes.

The CHK Foundation fund is a grant to help bring pilgrimage in Britain to a wider audience.

The Tedworh Charitable Trust fund is a grant towards the development of the website.

Page 18 .

THE BRITISH PILGRIMAGE TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

14
Fund reconciliation - prior year
Balance at
1 Jan 2022
£
Unrestricted funds
General fund
109,104		 14
Fund reconciliation - prior year
Balance at
1 Jan 2022
£
Unrestricted funds
General fund
109,104		 Net
Transfers
movement
between
in funds
funds
£
£
(3,494)
-		 Net
Transfers
movement
between
in funds
funds
£
£
(3,494)
-		 Balance at
31 Dec 2022
£
105,610		 Balance at
31 Dec 2022
£
105,610
Restricted funds
CCPR		 109,104
-		 (3,494)
-
4,524
-		 105,610
4,524
- 4,524
-		 4,524
Total funds 109,104 1,030
-		 110,134
Net movement in funds, included in the above are as follows:
Income
Expenditure
£
£
Unrestricted funds
General fund
202,060
(205,554)		 Movement
in funds
£
(3,494)
Restricted funds
CCPR		 202,060
(205,554)
6,255
(1,731)		 (3,494)
4,524
6,255
(1,731)		 4,524
Total funds 208,315
(207,285)		 1,030
15
Analysis of net assets
Fixed assets
Cash and current investments
Other current assets/liabilities		 2023
2023
Unrestricted
Restricted
£
£
1,355
-
48,997
-
24,584
-		 2023
TOTAL
£
1,355
48,997
24,584
Total 74,936
-		 74,936

16 Related party transactions

There were no related party transactions during the period (2022: £nil).

Page 19 .

William de Winton (Oct 3, 2024 14:41 GMT+1)

Simon Guild Signature: Simon Guild (Oct 3, 2024 15:03 GMT+2)

Email: simon.guild@britishpilgrimage.org

William de Winton Signature:

Email: william@thedewintons.com

Signature: Guy Baragwanath Guy Baragwanath (Oct 3, 2024 13:04 GMT+1) Email: guy@cgb-associates.com