**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,
- 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
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