REGISTERED CHARITY NUMBER: 1191847
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st December 2022 for Pilgrim Christian Ministries International
Pilgrim Christian Ministries International
Contents of the Annual Return and Financial Statements for the Year Ended 31st December 2022
| Page | |
|---|---|
| Reference and Administration | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 9 |
| Detailed Statement of Financial Activities | 10 |
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 Rev Ernest Appiah George Oduro Samuel Boadi
Secretary Patrick 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. 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 Capital.
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 is a registered religious charitable company committed to advancing the Christian faith both in the UK and beyond. We also take a dedicated approach to tackle the root causes and consequences of poverty within our target community.
Embracing a comprehensive three-fold strategic agenda spanning three years (2022-2025), our mission centres around transport, meeting place, and leadership development. By prioritising these key areas, we aim to secure essential funds while empowering our congregation to fearlessly express their faith and triumph over adversities through the strength of fellowship and the transformative power of the gospel. Together, we strive to create a lasting impact on the lives of those we serve, fostering a stronger, more compassionate community driven by faith and love.
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 2022
Report from the Trustees of Pilgrim Christian Ministries International 2022 (cont'd)
Review of Activities
In 2022, we organised several impactful programmes that have left a lasting impression on the lives of our beneficiaries:
31 December All-Nite Prayer Meeting : The objective of this programme was to create a space for spiritual renewal, prayer, and worship, culminating in an all-night vigil on December 31st. We witnessed a significant increase in attendance and received positive feedback from participants who reported a deep sense of spiritual connection and empowerment.
Annual Convention 2022 at CAP Centre in Smethwick : Our annual convention brought together members from across all our branches to engage in fellowship, Bible exposition, and participate in enriching workshops. The event fostered a sense of unity and equipped attendees with valuable knowledge for lifelong application.
Youth Convention in Birmingham and Coventry : We organised a vibrant youth convention aimed at empowering young members with relevant skills and values for personal and career development. The event inspired our youth to embrace their faith and become positive agents of change in their communities.
Weddings and Related Family Celebrations across the Branches: Throughout the year, we celebrated numerous weddings, engagements and family milestones, fostering a sense of community and support among our members. These celebrations strengthened our bonds and contributed to the overall well-being of our congregation.
FINANCIAL OVERVIEW:
Our financial performance for 2022 reflects our commitment to transparency and responsible stewardship:
Total Income: £219K Total Expenditure: £177K (excluding depreciation)
We are proud to share that 80% of our expenditure was directly allocated to programme expenses, ensuring that the majority of your contributions are invested in activities that directly benefit our beneficiaries. Administrative expenses accounted for 14%, and fundraising expenses represented 6% of the total expenditure.
CHALLENGES AND MITIGATION :
Throughout the year, we faced various challenges that put our resilience and determination to the test. Here are some of the challenges we encountered, along with the steps we took to address them:
· Difficulty Raising Funds for New Buses Mitigation : To overcome the challenge of acquiring additional minibuses to better serve our senior members and youth, we intensified our fundraising efforts.
We explored new partnerships and initiatives, seeking support from donors and sponsors who share our vision. By actively engaging with potential supporters, we aimed to secure the necessary funds and resources to improve transportation services for our community.
· Maintenance Costs for Minibuses Mitigation : We confronted ongoing maintenance issues with one of our minibuses, which required a sustainable solution.
To tackle this, we collaborated closely with expert mechanics to identify and address the root causes of the problems. By adopting a proactive approach, we aimed to find long-term solutions that would ensure cost-effectiveness while maintaining the reliability and safety of our transportation fleet.
Page 3
Pilgrim Christian Ministries International Report of the Trustees for the Year Ended 31st December 2022
Report from the Trustees of Pilgrim Christian Ministries International 2022 (cont'd)
· Problem 3 : One of our key challenges was to find a suitable place of worship, either through purchase or a long lease.
To address this issue, we sought assistance from various property funding agencies and utilized various publicity resources to raise awareness of our needs. In the year 2023, we plan to adopt a new strategy to explore different avenues and opportunities for securing a suitable meeting place. By engaging with potential property owners and community partners, we aim to find a sustainable solution that aligns with our mission and congregation's needs.
Going forward, we remain committed to addressing these challenges with determination and creativity. Through collaborative efforts and the support of our community, donors, and partners, we are confident in our ability to overcome these obstacles and continue making a positive impact in the lives of those we serve.
CONCLUSION:
As we reflect on the year 2022, we are grateful for the progress we have made in fulfilling our mission. None of this would have been possible without the collective support of our donors, sponsors, partners, dedicated team members, and volunteers. Your commitment to our cause has enabled us to make a meaningful impact on the lives of those we serve.
Looking ahead, we remain resolute in our pursuit of an "Abundance of Salvation for the Faithful." We are determined to continue empowering our congregation, fostering spiritual growth, and addressing the challenges faced by our community.
Thank you for your continued trust and generosity. Together, we can create lasting positive change in the lives of countless individuals and communities.
Rev Albert Asiedu Director/Trustee (Chair)
18th September 2023
Page 4
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 2022, 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,
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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
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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
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- 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
15th September 2023
Page 5
Pilgrim Christian Ministries International Statement of Financial Activities for the Year Ended 31st December 2022
| 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 219,385 70 0 219,455 193,732 680 194,412 25,043 116,679 141,722 |
Designated Funds 0 0 0 0 600 600 |
2022 Total Funds 219,385 70 0 219,455 193,732 680 194,412 25,043 117,279 142,322 |
2021 Total Funds 144,783 5 10,000 |
|---|---|---|---|---|
| 154,788 | ||||
| 124,974 960 |
||||
| 125,934 | ||||
| 28,854 88,425 |
||||
| 117,279 |
There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities
Page 6
Pilgrim Christian Ministries International
Balance Sheet At 31st December 2022
| 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 30,022 0 110,923 110,923 -632 110,291 140,313 140,313 |
Restricted Funds 0 0 2,010 2,010 0 2,010 2,010 2,010 |
2022 Total Funds 30,022 0 112,933 112,933 -632 112,301 142,323 142,323 140,313 2,010 142,323 |
2021 Total Funds 30,453 24 88,837 |
|---|---|---|---|---|
| 88,861 -2,035 |
||||
| 86,826 | ||||
| 117,279 | ||||
| 117,279 | ||||
| 116,679 600 |
||||
| 117,279 |
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 17th September 2023 and were signed on its behalf by:
Rev Albert Asiedu
Page 7
Pilgrim Christian Ministries International Notes to the Financial Statements for the Year Ended 31st December 2022
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 | 2022 £ 70 |
2021 £ 5 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' Expenses
Trustees' expenses paid for the year was Nil. Trustee expenses for 2021 was also nil
4. STAFF COSTS
| Wages and salaries Pension 5. GOVERNANCE COSTS Independent Examination and Statutory accounts preparation |
2022 £ 15,867 450 16,317 2022 £ 680 680 |
2021 £ 13,066 300 |
|---|---|---|
| 13,366 | ||
| 2021 £ 960 |
||
| 960 |
These notes form part of the financial statements
Page 8
Pilgrim Christian Ministries International Notes to the Financial Statements - continued for the Year Ended 31st December 2022
| 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 December 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 01/01/2022 General fund 115,269 Designated Funds Special Offerings (Church vehicle) 2,010 TOTAL FUNDS 117,279 Net movement in funds, included in the above are as follows: Incoming Resources Unrestricted funds General fund 219,455 Designated Funds Special Offerings 0 TOTAL FUNDS 219,455 Page 9 |
2022 £ 74,410 215 74,625 29,257 14,915 44,172 30,453 2022 £ 0 0 2022 £ 450 94 88 632 Net movements in funds 25,043 0 25,043 Resources Expended 194,412 0 194,412 |
2021 £ 74,410 215 |
|---|---|---|
| 74,625 | ||
| 29,257 14,915 |
||
| 44,172 | ||
| 30,453 2021 £ 24 |
||
| 24 | ||
| 2021 £ 860 1,087 88 |
||
| 250 | ||
| At 31/12/2022 140,312 2,010 |
||
| 142,322 | ||
| Movement in Funds 25,043 0 |
||
| 25,043 | ||
Pilgrim Christian Ministries International Detailed Statement of Financial Activities for the Year Ended 31st December 2022
| 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 |
2022 £ 219,385 219,385 70 219,455 15,000 450 867 300 1,672 13,565 0 31,853 49,620 2,315 66,169 476 118,580 199 1,460 0 0 0 270 2,031 0 19 16,516 3,941 1,037 7,870 9,956 0 43,299 680 0 680 194,412 0 0 25,043 |
2021 £ 144,783 |
|---|---|---|
| 144,783 5 |
||
| 144,788 12,375 300 691 375 2,433 6,158 0 |
||
| 22,332 30,700 1,601 38,396 620 |
||
| 71,317 265 389 0 177 18 250 120 70 45 14,915 11,220 1,460 1,000 1,396 0 |
||
| 31,325 960 0 |
||
| 960 125,933 10,000 |
||
| 10,000 28,854 |
This page does not form part of the statutory financial statements Page 10