**REGISTERED CHARITY NUMBER: 1191847**
**Report of the Trustees and**
**Unaudited Financial Statements For The Year Ended 31st December 2021 for Pilgrim Christian Ministries International**
## **Pilgrim Christian Ministries International**
## **Contents of the Financial Statements for the Year Ended 31st December 2021**
||Page|
|---|---|
|Reference and Administration|1|
|Report of the Trustees|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 8|
|Detailed Statement of Financial Activities|9|
## **Pilgrim Christian Ministries International**
## **Reference and Administration Details**
## **Registered Charity number**
1191847
**Company Number** 10841497
## **Principal address**
Fort Dunlop Fort Parkway Birmingham B24 9FE
## **Trustees**
Rev Albert Asiedu Patrick Appiah George Oduro Samuel Boadi Rev Ernest Appiah
## **Independent Examiner**
Angela Bent AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX
## **Bankers**
Lloyds Bank
Page 1
## **Pilgrim Christian Ministries International Report of the Trustees for the Year Ended 31st December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **COMMENCEMENT OF ACTIVITIES**
The charity commenced activity in October 2020
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Structure, Governance and Management**
Pilgrim Christian Ministries International is a charitable company limited by guarantee without having a Share
The directors who are also trustees of the charity have served either throughout or during the period. The Trustees are chosen from the membership. The Trustees meet at regular intervals to manage the affairs of the charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The church currently undertakes regular risks assessments. All persons having contact with children in a leadership capacity are CRB checked. There are regular fire safety examinations internally every year and there will be external independent examination every three years. Any decision of a financial nature are sactioned by at least two trustees. Any accounting and expenditure is carried out transparently and any member is at liberty to view details of any transactions.
## **OBJECTIVES AND ACTIVITIES**
## **Statement of Objectives and Public Benefit**
Pilgrim Christian Ministries International (PCMI) is a church organisation that seeks to advance the Christian faith in the UK and beyond; as well as the causes and the consequences of poverty among our target group, particularly the Ghanaian-Italian community across England
## **Wider network**
Pilgrim Christian Ministries International is not currently affiliated to any other organisations
## **Related parties**
There are no related parties
Page 2
**Pilgrim Christian Ministries International Report of the Trustees for the Year Ended 31st December 2021**
## **Report from the Trustees of Pilgrim Christian Ministries International 2021**
## **Review of Activities**
Pilgrim Christian Ministries International (PCMI) is a church organisation that seeks to advance the Christian faith in the UK and beyond; as well as the causes and the consequences of poverty among our target group, particularly the Ghanaian-Italian community across England.
2021 was a critical year for PCMI, as we moved out of the Pandemic, and were just beginning to venture into the future ambitions with much anticipation as it pertains to our strategic vision, “God's Eternal Judgement”.
Throughout the year PCMI hosted and presented a wide range of events, workshops, meetings, and Church services at our various local churches. These included a series of praise & worship-packed church services celebrating the goodness of the Lord; Women & Men Fellowship meetings; Youth and Leadership Development Workshops. We also launched our pilot programme captioned, the Pastoral & Geriatric Care programme in Birmingham. Among other developments in the year was employing Rev Ernest Appiah as pastor.
In addition , Pastoral Board and Finance committee meetings were held four times to strategize a way out of COVID. The last and final meeting which resulted into a well-mapped-out plan for the year 2022 was communicated to the trustees and the rest of the church.
The Trustees would like to express their sincere thanks to the team of ministers, volunteers, and members/ donors for their continued support in helping PCMI to achieve its objectives and fulfil its purpose. Our gratitude also goes to El-Bethel Mission and other Ministries for their continuous collaboration and generosity in sharing their creativity and expertise to facilitate, inform and inspire our programme of events. Last but not the least, I would like to thank the Board of Trustees and the Global Executive Team based in Italy for their commitment and guidance, and we look forward to continuing with our collaborative work even as we look forward to continue working together in the coming year 2022.
Rev Albert Asiedu Chair, PCMIUK
23rd September 2022
Page 3
## **Independent Examiner’s Report to the Trustees of Pilgrim Christian Ministries International**
I report on the accounts of the charity for the year ended 31st December 2021, which are set out on pages 5 to 9.
## **Respective Responsibilities of the Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
There are no issues
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Angela Bent
AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX
28th September 2022
Page 4
## **Pilgrim Christian Ministries International Statement of Financial Activities for the Year Ended 31st December 2021**
|Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
Investment income
2
Grants
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
Governance costs
5
Other resources expended
**Total resources expended**
**NET INCOMING RESOURCES**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Funds
144,783
5
10,000
154,788
124,174
960
125,134
29,654
86,416
116,070|Designated
Funds
1,410
1,410
0
1,410
600
2,010|2021 Total
Funds
146,193
5
10,000
156,198
124,174
960
125,134
31,064
87,016
118,080|2020 Total
Funds
91,651
25|
|---|---|---|---|---|
|||||91,677|
|||||114,149
600|
|||||114,749|
|||||-23,072
110,088|
|||||87,016|
There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities
Page 5
**Pilgrim Christian Ministries International**
## **Balance Sheet At 31st December 2021**
|Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
9
Designated funds
**TOTAL FUNDS**|Unrestricted
Funds
30,453
24
87,627
87,651
-2,034
85,617
116,070
116,070|Restricted
Funds
0
0
2,010
2,010
0
2,010
2,010
2,010|2021 Total
Funds
30,453
24
89,637
89,661
-2,034
87,627
118,080
118,080
116,070
2,010
118,080|2020 Total
Funds
45,153
0
42,463|
|---|---|---|---|---|
|||||42,463
-600|
|||||41,863|
|||||87,016|
|||||87,016|
|||||86,416
600|
|||||87,016|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on the 23rd September 2022 and were signed on its behalf by:
Rev Albert Asiedu
Page 6
**Pilgrim Christian Ministries International Notes to the Financial Statements for the Year Ended 31st December 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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.
## **Tangible fixed assets**
Tangible fixed assets for use by the church are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less estimated residual value over their expected useful lives
Furniture and Equipment 20% per annum straight line basis Motor Vehicles 20% per annum straight line basis
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
## **2. INVESTMENT INCOME**
|Deposit account interest|2021
£
5|2020
£
25.36|
|---|---|---|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **Trustees' Expenses**
Trustees' expenses paid for the year was Nil. Trustee expenses for 2019/2020 was £23.00
## **4. STAFF COSTS**
|Wages and salaries
Pension
**5. GOVERNANCE COSTS**
Independent Examination and Statutory accounts preparation|2021
£
13,066
300
13,366
2021
£
960
960|2020
£
0
0|
|---|---|---|
|||0|
|||2020
£
600|
|||600|
These notes form part of the financial statements
Page 7
## **Pilgrim Christian Ministries International Notes to the Financial Statements - continued for the Year Ended 31st December 2021**
|**5. TANGIBLE FIXED ASSETS**
**COST**
Cost b/fwd
Additions
Cost C/Fwd
**DEPRECIATION**
Accumulatd Depreciation b/fwd
Charge for the year
Accumulatd Depreciation C/fwd
**NET BOOK VALUE**
At 31 May
**7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accountancy Fee
Payroll taxes
Pension
**9. MOVEMENT IN FUNDS**
**Unrestricted Funds**
At
01/06/2020
General fund
86,416
Transfers between funds and Debtors
**Designated Funds**
Special Offerings (Church vehicle)
600
**TOTAL FUNDS**
87,016
Net movement in funds, included in the above are as follows:
Incoming
Resources
**Unrestricted funds**
General fund
154,788
**Designated Funds**
Special Offerings
1,410
**TOTAL FUNDS**
156,198
Page 8|2021
£
74,410
215
74,625
29,257
14,915
44,172
30,453
2021
£
24
24
2021
£
860
1,087
88
2,035
Net
movements
in funds
29,654
1,410
31,064
Resources
Expended
125,134
0
125,134|2020
£
55,052
19,358|
|---|---|---|
|||74,410|
|||15,581
13,676|
|||29,257|
|||45,153
2020
£
0|
|||0|
|||2020
£
600
0
0|
|||250|
|||At
31/05/2021
116,070
2,010|
|||118,080|
|||Movement in
Funds
29,654
1,410|
|||31,064|
||||
## **Pilgrim Christian Ministries International Detailed Statement of Financial Activities for the Year Ended 31st December 2021**
|**INCOMING RESOURCES**
**Voluntary income**
Donations
**Investment income**
Bank account interest
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Employee costs:
Wages and salaries
Pensions
Employer's NI
Staff training and welfare
Travel and subsistence
Motor expenses
Entertaining
Premises costs:
Church running costs
Light, Heat and water
Rent
Rates
General administrative expenses:
Office Expenses
Advertising and Marketing
Telephone and fax
Stationery and printing
Postage
Insurance
IT Software and consumables
Subscriptions
Bank charges
Depreciation
Gifts and Donations
Members Welfare
Honorariums
Project expenses
Website expenses
Sundry expenses
Legal and professional costs:
Accountancy fees
Other Legal and Professional Fees
Other operating income
Surplus / Loss for Year|2021
£
146,193
146,193
5
146,198
12,375
300
691
375
2,433
6,158
0
22,332
30,165
1,601
38,396
620
70,782
0
389
0
177
18
250
120
70
45
14,915
11,220
1,460
1,000
1,396
0
31,060
960
0
960
125,134
10,000
10,000
31,064|2020
£
91,651|
|---|---|---|
|||91,651
25|
|||91,677
0
0
0
0
116
9,059
0|
|||9,175
39,990
0
21,560
0|
|||61,550
1,198
73
0
46
7
0
115
114
168
13,676
14,558
7,220
6,000
0
250|
|||43,424
600
0|
|||600
114,749
0|
|||0
-23,072|
This page does not form part of the statutory financial statements Page 9