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2022-07-31-accounts

Pilgrims Hall Fellowship Limited (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31stJuly 2022 Charity Registration No." 257216 Compony Registration No." 94￿52 Pi19rims Holl Ongor Rood Brentwoth Essex CM15 9&4

Pilgrims Hall Fellowship Limited (A Company Limited by Guoronteej Annual Report and Financiol Statements Year ended 31st July 2022 Contents Pages 3 to 8 Dirertors, Report Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 to 17 Notes to Financial Statements Page 18 Independent Examiner's Report on the Acc￿ntS Anntsol RepOrt0nd￿n0￿CI0lS10terntrIts Yeor&dal 31stJufy2022 Page 2

Igrims Hall Fellowship Limited (A Compony Limited by Guorontee) Report of the Dirertors Year ended 31st July 2022 Legal and Administrative Inform(rtion Governi￿ Doturnent Memorandum and Articles of Association incorporated on 7th October 1968 Legal Status Incorp(Kated Trust Company Number 94(J)52 Charity Number 257216 Council of Management Jame5 Mills Suzanne Cousins Barbara V Cummins Margaret Pearson Stephen Dodgson Graham Bridger (up to Oct 21) David Paul (up to Feb 22) Mark Galliers Ifrom Apr 22) Registered 0￿1(e Pilgrims Hall, Ongar Road, Pilgrims Hatch. Brentwood. Essex CMIS 9SA Primary Bankers Barclay5 Bank PIC 75, High Street. Brentw(KKI. Essex (M14 4RP Independent Examiner Independent Examiners Ltd Unit 2, The Broadbridge Business Centre. Delling Lar*. Bosham P018 8NF Annuol Reportond Finontiolstotemthts yeorb1d￿3I$tJ￿ty2o22 Page 3

Pilgrims Hall Fellowship Limited (A Company Limited by Guoronteej Report of the Directors Year ended 31st July 2022 Introduction The following istheAnnual Report of the Trusiees of Pilgrims Hall Fellowship LIM￿￿1 forthefinancial year endÉng 31StJuly 2022. Charitobleob. Pilgrims Hall isa regency persod house situated in 19 acresof grounds lotated near Bfentwood, Essex. It is owned in trust by a charitable£ompany- Pilgrims Hall Fellowship Limited- and operated bya community of Christians comprising theTrustees. a t&m that resides * the Hall and volunteer& In gjmmary. theobjectivesof Pi18rims Hall areto= - frdcilitatechristian discip￿hIp by providing ChristTan minstry througha proBrarnmeof artivitie including worship. teachin& bible study. conferer)ces Seminars. retreats, etc.- and make the buildings and land availablefor use by Christians, churches and Christian organisation4 etc. The ministry programmesand theability to usethe estate fr&Ilitiesa￿ publicly advertised on thecharitls website. The Boord o Trust The Board of Trustees is iesponsiblefor overseeing the life and work of Pilgrims Hall carritxl out by the Resident Team and volunteers. Amongst otherthings. theTrustees ensure that Pilgrims Hall ftjlfils its charitableobjects and provides public benefit. The Trustees met as a Board throughout theyear to fulfil thwr responsibiliti& FollowinBthe lifti￿Of restrictionsimposed by the Government to help limit thespread of Covid19, all theTrustees meÉ*ings in 2021122 were¢ondu¢ted in-persofi. At theAnnual General meetingof theTrustees in November 2021. St￿e Dodg9)n was appointed Chairman ofTru5tee5, followingthe resignation ofGraham Bridgtt. Ill April 2022, Dave Paul resigned asa Trustee. In May 2022. Mark Galliers was appointed asa Trustee. The Trustees held an Annual General Meeting in November 2021 and resumed past practiceof inviting friends and users of Pilgrims Hall to attend. The2020/21 Annual Report and ￿countsWere presented and approved at the meetinE. These formed the basis to publicly ￿COuntt0 those who wwe present at the meeting for the life and ministry of Pilgrim5 Hall and thefvlfilment of itscharitableobjectwe> Publicben The Trustees are rnindfvl ofthe need to denonstrate public benefit which accruesfrom the life and work of Pilgrims Hall. Pilgrwn5 Hall ￿vertises. pr1nCpal￿ through the charivswebsite. theavailability of its programmes and facilitie5, in orderto reach as many peopleas possiblewho may benefit from them. In the main, the beneficiaries are individual Christians. Churc￿Sand Christian organisation& TheTrustees seek to gather feedback on an onfoing basis frorn those who use thetscilitiesto help judgethe benefits. For the first timesince 2018119. Pilgrvns Hall wasableto fijlly operatethroughout thefinancial year followingthe liftingof all Covid19 Teslrictiors. Init￿lIv, uptake was hampered by on£oing h￿tancY of some people to mix with othtY5 UEltil it becameclearer that thepandemic had subsided and thwfelt safe to enga8e at Pilgrims Hall. HOw￿er, aswill beseen later in this report. there was a resumption of all programmes and facilitiesfrom the start of theyear. AJI the￿tivitI￿brought opportunityfor spiritual continued......- Annuol Report t7nd FInortcio1Stoten￿Trts YeorEnded31stJuly2022 Pa8e4

Pilgrims Hall Fellowship Limited (A Compony limited by Guorontee) Report of the Dirertors (continued) Year ended 31st July 2022 growth, di￿lplesh1p and pastoral careto help Christiansin theirwell-bein& tsith and reiationshy with Jesus Christ. It wasclear from feedback at the General Meeting and received throughout theyeor that individuals, chtjrches and Christian organisationsgained spiritually and pastorallyas a result of beingto use thef￿111t7es of Pilgrims Hall andlor participate in its ministy and programmes and, thereby, (ulffil the charitable objects of Pilgrims Hall inclEMlingtheaim of being a pl￿ethat biings peace. refvge, healin& wholeness and restoration. Strot During 2021122. theTrusiee5 and ResidentTeam met to conyder the M￿lurn and longterm strategy of Pilgrims Hall set against the backdrop of111 hufflan resource pressures. especially the aging demographic and the need to attract younger p￿pIe to serve, particularly as Trustees and volunteers.121 financial requirements, in particulor to r￿uCethedefICit between income and expenditur¢ {3lthe need to attract new people. churches and Christian organisation and thereby increase the uptake of the activitiesand facilities of Pilgrim5 Hall and14lthe need to address the fijtureleadership of Pilgrims Hall. Asa first step new Wision and Mi&sion Staternentswere adopted. Previously, these were centrexl around'Preparingfor Jesus. Return, and although thechristian community at Pilgryns Hall continue5to eagerly await Jesus Christ's Second Comin& it wasdecided that theVi&on and Mi>5ion Statements should be recast and focu55ed upon what Pilgrims Hall aands for and what it does. The revised Wision and Mission Statements are now as follows-. Vision Stotement God's Word for God'sworld- Proclaimin& Teachin& LivingtheTruth Mission Stotement Pilgrims Hall isa Christian ministry and retr&it centre whose heart is to serve and gjpport Christian& churches and Christian organisations by being a placewherv. the Bible, as the authoritativeword of God, isfoundational - theGospel ofthe Lord Jesuschrist is proclaimed Christian ministry isoffered through-. Bibleteaching and study - Seminars Prayer Discipling pastoral care fellowship to assist Christiansto grow in the Faith bringingf0rgiv￿ess. healin& restoration and wholeness in an oasis of peace and refuge - the pr￿lSe$ and grounds may be hired for meetings, Away Days Christian activities. dc. - roomsare availablefDr perwnal dayan(l ovemight retreats - Chrisiiar books, gTrft% cardsand materialsare availablefor purchasefrom ourwellspring Bookshop - peoplecan meet for refreshments in a Christian environment in our RendthousTea Room continued....... Afjnuol ReportlTnd FirJortciolStoternoJt5 YeorEnded 31stJuly2022 Page 5

Pilgrim5 Hall Fellowship Limited (A Compony Limited by 6uomntee) Report of the Directors (continued) Yeor ended 31st July 2022 These were p05te(l on the web￿te. The website was also relamped to improve itsvisual l¢)ok and feel. bring clarity on theavailability of programmes and facilitiesof Pilgrims Hall and makeit easierfor uws to navigate. Variouswork streams will be undenaken in 2022123 to address human resourcesand l&dership. finance. publicity an(1 marketing and also potential redevdopment of someof the buildings. Artivities During 2021122. a programmeof ministrywas carrial out. These includ￿1 Biblestudy seriescovering 'God's ultimate plans aswe approach the end of thisage culminatin8 in Jesus. Retum Be holy &51 am holy bein8 set apart for God's purpose<'Fundamentalsof thechristian faith-unpacking componentsof the Gospel of Salvation.. A number of seminars were held includin8'The New Apostolic Reformation-moveof God or End fimes d&eit' led by Tony Brown from the Reachout Trust. 'Biblical foundationsfor ￿1Vah- what ishappening today. led by Tom Booker and Rod Langston of Ebffiezer Operation Exodus. A'Foundations Explored, Biblestudy was relaunched fDcusyng on the bookof Genesis looking atte&hing of the Lord in the beginningthat is foundational to Christian belief. Monthly'Led (luiet Days, were resumed. A restdential weekend conference for women was held wilh the aim of a55iSti ng'walkrng by faith, bUilt￿P in thewritten Word of God. Strengthen￿ to apply bibliol truth to everyday life,. At the beginning of the year, cream teas were rnade ￿ailable each Sunday afternoon in A￿8￿$t. The Rendezvous Café operated on Tuesdays. These activiti￿ provided opportuAty for pwpleto meet together in a Christian environment to enjoy food and fellowship and obtain spiritual and pastoral care. Throughout theyear the Wellspring Bookshop wasopen for peopleto purchasechristian books, magaztnes. CDIDVDS card5. gifts. etc. A key ministrywasto make rooms available for peopleto stay at Pilgrims Hall as retreat gu&ts for personal prayer. Bible study, worship, mryJit6tion. etc. They benefitted from improved accommodion folk>W￿g work to refvrbish rooms duringtheCovid19 lockdown whh meant that nearly all the rooms had en-suite facilities. Churches and Christian organigtion usd the Hall for medings. Biblestudiesand social ￿ents. rbishment ondrenovutions Pilgrims Hall is a Grade 2 listed 18th century building and requiresconstant workto maintain thefabric and integrity of the buildin8. Work was completed duringthe year to refvrbi5h parts of the Hall, includinga major ienovation of theEast Win8llat which ￿8b1￿1 it to be used by a Christian couplein need of accommodation. Finonce Duringtheyear, income amounted to circa £71.￿0. The main sources ofincomewere in respect of retreats. room and ground hire. rent5, Rende￿Ou$ café. Wdlspring bookshop and donations/gift Operational exptYTrditure amounted to circa £l02.¢x￿ of whichthe most significant tosts were for allowances forthe Residwt team and utilitie& Pdditionalty. there wascapital ertpenditureof circè£21,IX)O continued..-...- AnnualReportond FJftoniiolStUten￿ts Year￿ded31stJ￿fy2O22 Page6

Pilgrims Hall Fellowship Limited (A Compony Limited by Guarontee) Report of the Directors (continued) Year ended 31st July 2022 in respect of refurbI5hrn￿t and renovations. The resultant deficit wasfinanced out of re5erve& Ajthough efforts were made to reduce expenditure. theabtlityto do so was highly constrain￿1 since most arefixed, necessary or legal which meant that the pressure was to increase income. TheTrustees dKided to raise pritesto hirefacilitieswhich had been unchanged for some timeto refiect the increase in thecostsof running Pilgrims Hall. The nee(1 to redutethe financial deficit has becomegreatw at a timewhen costs. especially utility costs, contirnjeon an upward trend. Withoutan increase in income, the re5erve5 will continueto beeroded. The Trustees operate a Reserve policy which sets out the ba>5 upon which the Reserves are created, maintained and J¢ce&sed. The COVID19 crisis highlighted the vulnerabilityof Pilgrims Hall to financ01 unplanned/unexpected shock The Trustee5 established a ring-fenced Reserve of £20,000 whith 5trikesa balante between being prudential but not depriving day-to4ay operations offinantial r￿UrCeS. This should providea sufficient cushion to mee emergency unplannedlunforeseen expenditure$3nd, if the solvency of the Charity comes underthreat. en9j￿ funds a￿ availableto meet coststhat would necessarily be incurred to sdl assets andlor wind-up it up. Risk Mono ement The Trustees operate a Risk Management policywhich codifie5key risksand establishes a framework to help inform practice in managing and mitigating risk. The Trustee5 examined kty risk5by reviewing policies and practices to ensure they remained current and appropriateand addr￿ed rel￿ant risk i%sues. Measures were taken to Strength￿ fire risk management. The revi￿ highlkghteyj the need to update Safeguarding policy and practice which will be undertaken in the next financial year. Policies The Trustees continued to ensure that policies were reviewed and revis￿1 as r7erwary and appropriate. Health and Safety matters were routinely r￿leW&j each month. Other pol1c1esw￿e rtYie4ved at least once duringthe year. Personnel Sean & Kayleigh Maguire Join￿ the Resident Tvdm in the Novembw 2021. Their addition to the Resident Team provided much neexled additional human rwurceto run day4trday bugnes& Next nancial Looking forward to the2022123 financial year. theTrusteeswill befocussing on- - carrying out theworkstreamsestablished at theStrate8y days increagng operational income maintaining and improvingt￿l1￿￿S - recruitin8 new trustee5 and volunt￿r5 reciation The Trustees are indebted to Graham Brid8erand Dave Paul for their5erviceas Trustees over many years The Trustees also thankthe Resident Team - John and Val Coulthard. Garry and Katariina Newcome, Sean and Kayleigh Maguire, Shirley Willis- supported by manyvolunteers-who faithfvllyand tirde551y manage and operate Pilgrims H311. TheTrustee5 are gratthl to them and the volunleersfor their commitment and dedication overthe past year in wpport of the aimsof thecharity. TheTrustees are also thankfijl to God continued....... Annu¢71 ReportondFinonci015totements Yeor &)ded 31stJuty2022 Page 7

Pilgrims Hall Fellowship Limited (A Compony Limited by 6uorontee) Report of the Directors (continuedj Year ended 31st July 2022 for hi5 faithfulnessand providence in meeting the needs of Ptlgrims Hall which hasenabl8J its lifeand ministry to continue. Stotement o DIr￿tors. r onsibilitia Company law requiresthe dIr￿tor$tO preparefinancial statementsfor eath financial year which give trueand fair view of the state of affairs of thecompanyand of theprofit or105sof thecompany during that period. In preparing thoseffinancial statements the directors are requirexl to= lil select suitableaccounting policie5 and then applythem consistently, lill makejudgements and estimate5 that are reasonable and prudent. liiil prepare fin￿cial statementson a going concern basisunless it is inappropriateto presume that the company will stay in business. livl state whether applicableatountin8 standards and statements of recommended practice have been followed Subject to material departuresdisclosal and explained in the ffinancial statement. The directorsare responsiblefor kÈeping properaccounting rerords which disclose with reasonable accuracy at any timethe financial position ofthe company and to enablethem to ￿SUre that the financial statementscomply with theCompaniesAct 2006. They areolso responsiblefor safeguarding the assets of the comparEy and hencefr)rtaking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report the directors havetaken 3dvanta8e of special provisions of the Companie5 kt 2006 relatingto small companies. Thedirertors arealso responsiblefor the content of the Report of the Directors and the T￿on￿bilItY of the independent examiner in rdation to the Directors, Report islimited to eKamÉningthe report and ensuringthat on the face of the report, there are no inconsistencieswith thefiguresd1sc1os￿ in theffinancial statements. l approve the attached statement of financial activiti￿and balance sheet for theyear ended 31st July 2022. and confirm that I have made available all information necessary for its preparation. Stephen Dodgson Date: Chaimian (on behGrlfof theBoord of Directors) Directors.. Suzanne Cousins B¥bara Cummins M￿k Gallier4Jimmy Mills. Margaret PewA nuol Reportond Fjnonciolstotements YeorEnd8dSJsrJuJy2022 Page8

Pllgrims Hall Fellowship Limited (A Company kn"mited by Guorontee) Statement of Financial Activities Year ended 31st July 2022 (Incorporoting Income ond Expenditure Account) Unrestricted Funds Note5 2021122 Income from Generted Funds Donationsand Legacie5 30 14.514 17&ll5 Incomefrom CharitableActivities 3b 63,201 Incomefrom Investments 16 12 other Income 3d 48 15,459 Total Income 77,779 217952 Ex nditwe Expenditure on ChariL*le Activities 40 131.877 127S16 Totsl Expenditure 131,877 127916 Totsl Incomir¥/{Oirtgoir¥l Resources IS4,0981 )036 Total Funds Brou8ht Forw¥d 6,243.378 6JSIJ42 Totsl Fwxls Carried Forward 6,189,280 6243378 Movements on all r&ervesand all recognisoj gainsand loss8s areshown above. AJI ofthe organisation'soperationsareclassed ascontinuing. The noteson pages 11 to 17 form part of the5efinancial statements. Anrtutsl ReportundFinunciolStt7tewts YetsrEnded 31stJuty2022 Page 9

Pilgrims Hall Fellowship Limited

(A Company Limited by Guarantee)

Balance Sheet as at 31st July 2022

Unrestricted Funds

Notes 31st July 2022 31st July 2021
£ £
Fixed Assets
Tangi ble Assets 2 6,:128,971 6,131,010
Current Assets
Debtors 5 1,036 355
Cash at bank and in hand 7 59,973 112,713
Total Current Assets 61,009 113,068
Credit ors_(amounts falling due within one year)_ 6 700 700
Net Current Assets 60,309 112,368
Total Net Assets 6,189,280 6,243,378
Funds of the Charity
General Funds 6,189,280 6,243,378
Restricted Funds
Total Funds 6,189,280 6,243,378

The directors are satisfied that for the year ended on the 31st July 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 18.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the pre pa ration of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS102)) - effective 1st January 2015.

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the with financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

Approved by the Board of Directors on 14th November 2022

Signed on behalf of the Board of Directors by Stephen Dodgson

Pilgrims Hall Fellowship Limited - Company Registration Number: 940052

Annual Report and Financial Statements Year Ended 31st July 2022

Page 10

Igrirns Hall Fellowship Limited (A Compony Limited by Guor¢7ntee) Notes to the Financial Statements Year ended 31st July 2022 Unrestrirted Fund l. Accounting Pollexes Incorning Resources Recognition ofincoming Resources These are included in thestatement of Financial Activities ISOFAI when: i)theChaTity become5entitled to the income,. ill it is mole likely than not theTrusteeswill ￿ceivethe reKiurce- iiilthe monetaryvaluecan be measured with sufficient rdiability. Incoming resources with reloted expenditure Whereincoming resources have related expenditure las with seminar or courseincomel theincoming resourceand rdated expenditure are reporteMI gross in the5(￿ Grontsund Don(Jtions Grants and donations areonly included in theSOFAwhen thegeneral income recognition crituia are rnet 15.10 to 5.12 FRS102 SORPI. Tox recloims on Donation5 (Jnd Gifts Incoming resourte5from tax rerlaimsare included in theg)FAat thesametime asthegift to which they relate. Controctuol Incomeond Performonce Reloted Gronts These areonly included in the SOFA oncethe relatal goodsor servicesha4e been delivered. Legocies Legacies are included in theSOFAwhen r￿elpt isprobable, that is. when therehas be￿ grant of probate, theexecutors haveesiablished that thereare sufficient assetsin the estateand any conditions attached to the legacy are either within thecontyrol of the charity or have be￿ met. Gifts in Kind Gifts in kind are accounted for at a rea9)nableestimateof their valueto the charity or the amount actually realised. Gifts in kind for saleor distribution are included in theKcounts aswfts only when sold ordistributed bythecharity. Donatedservicesond Focilities These areonly included in incoming rwurces (with an equivalent amount in re￿￿[Ce5 expended} wheyethe benefit to the charity is reasonably Quantifiable. measurable and material. Thevalue placed on thw resourcesistheestimated valueto the Charity. Volunteer Help Thevalue of any volunteer help recetved is not Includ￿ in theaccounts but isdexriboj in theTrustees' annual report. Investment Income This is included in the￿COunt$ when r￿e1ved. Investment Goinsond Losses This includes any gain or loss on the saleof investments and any8ain or loss re5ultin8from r￿al￿1ft& investmentsio marketv3lueat theend of theyear. Funds Unrestricted General funds represent the fundsof thecharity that are not subject to any restrictions regarding their use. Designated fund5arealso unrestricted. Restricted fundsareto be used in accordance with their termsof trust. Annuol ReportondFinonc￿l5t0ternents Yeor Ended 31StJuly2022 Pa8e 11

Pilgrims Hall Fellowship Limited (A Compony knmited by Gu¢Jrt7ntee) Notes to the Financial Statements (continued) Year ended 31st July 2022 Unrestricted Funds l. Accounting Policies (continued) Expenditure and Liabilities Liobility Recognition Liabilitie5are recognised assoon as there isa legal or con#ructive obligation committingthe Charity to pay out resources. Governonce Costs Includescostsof the preparation and examination of statutory accounts the costsof Trusteps. meetingsand cost of any legal adviceto Trustees on govwnanceor tonstitutional matters. Chonges in Accounting Policies und Prtwiousokcounts There has been no change to theèccounting policies (variation rulesand methodsof accounting) since last year. and no thangesto the previous accounts. Groftts with Performt7nce Condittions Where thecharity gives a grant with conditionsfor itspayment being a speciffic level of service or output to be provided. such gr)ntsareonly recogriised in theSOFAoncethe recipient of the grant has provided the specified serviteor output. Gronts Poyoble without Performonce Conditions Theseare only recognised in the accountswhen a commitment has been frtadeand there are no conditionsto be met relatÉng to agrant which remains in control of thecharitv. TanEible fixed astsfor usebythecharity. Th￿e arecapitalised if they can be used for more than one year and cost at least £500. They arevaluej at Cost, or if gift&l. at thevalueto the Charity on receipt. Depreciation is calculed at a rateto writeoff thecost of tangiblefixed assetson a straight line basis over thwr estimated LFseful lives. The rates appliaj per annum are asfollows= Estate Equipment 20% reducin8 balance Catering & Office Equipment 20% reducing balance Furniture and Fittings IO% reducing balance No depreciation is charged to freehold property 3sthe property is maintained io wch a stat)dard the estimated r￿dUal value is not lessthan cost. Offtettin9 There has been no off5ettinB of assetsand liabilities, or income and expenses, unle55 r￿uIr￿ or permitted by the FRS 102 SORP or FRSIO2. Bosis of Preporation Pilgrims Hall Chrtstian Fdlowship meetsthedefinition of a public benefit entity under FRS102. The rinancial statements havebeen prepared on the historical cost ba&sof accounting in ￿CordanCe with thecharities Act 2011 and in accordance with applbcableaccovntin8 standards. In preparing thefinancial ￿ateMentst￿echarity[ol1OWSthe provisionsof kcounting and Reporting by Chariti Statement of Recommended Prarticeapplicable to charitie5 preparing theFr accounts in &cordance with theFinancial Reporting standard applicablein the UK and the Republic of Ireland IFRS1021- effective 1st January 2015. Preparation 0fthe￿cOuftts ison a goingconcern basis. TheTrustees areof theview the levd of reserve5wiII support thecharitygoing forward. Annuol Report ondFinonci015totemÉnts YeurEnded 31stJuty2022 Page 12

Pilgrims Hall Fellowship Limited {A Compony Limited by Guamntee) Notes to the Financial Statements (continued) Year ended 31st July 2022 Unrestrtcted Funds 2. TaNdible Fixed Assets Offte & Estste Catwir EryJ•wnent Eqwment Property& Equipment FuMitU￿ & Fittr)BS Free Prore Totsl Cost at 1st August 2021 Additions Cost èt 31st July 2022 13,478 4.318 24.677 6.115.000 6.157,473 13.478 4,318 24,677 6.115.000 6,157.473 Depreciation at 1st August 2021 Chargethis period Depreciation at 31stJuly 2022 10.553 585 11.138 2.856 292 3.148 13.054 1,162 14.216 26.463 2,039 28.502 Net Book Value 31st July 2022 NetBook Volue 31SlJufy2021 2.340 2925 1.170 1,462 10.461 11.623 6.115.000 6.115.0 6.128.971 6J31.010 No annual commitments under non-cancdltngoperating leases, capital commitments or contingent liabilities were entered into duringtheyear. 12020/21-NoneJ. Annuul Report Financiolstotemthts YeorthdEd 31stJuty2022 Page 13

Pllgrims Hall Fellowship Limited (A Compony b"nvted by Guarontee) Notes to the Financial Statements (continued) Year ended 31st July 2022 Unrestrirted Funds 3. IrKome 2021122 2020ft1 al t)onationsand Legxies Estate Gifts and Donations Le8acie5 Gift Aid Tax 400 11,878 820 1.416 I￿9 13303 163.462 1.461 14.514 178.775 bl Intome from Ch¥it*)le Activities Conferenceand Ministry Retreais Seminars and Courses Counselling Rendezvous (Drop-in Tea Room) Bookshop Commisston £commodationlSpace/Storage Rental 7,397 25.380 2,580 lo￿70 432 32 5,735 1.919 3J70 11.922 4,462 11.460 63.201 23.7 cl Investment Income Interest 16 12 dl Other Incorne Administration & Sundry Government Grants ICovid-191 48 173 15286 15,459 Annuol Reportond fJnoftcsolSroMnwts YeorEndÉd31stJuty2022 Page 14

Pdgrims Hall Fellowship Limited (A Company Li￿ted by Guarontee) Notes to the Financial St(rtements (continued) Year ended 31st July 2022 Unrestrirted Funds 4. Expenses 2021122 2020ft1 al Expenditure from Charitable Activities Administration Depreciation /writ+off Estate General Household Independent Examiners Fees Ministryl Gifts Repairs and Renewals Event Catering and Expenses Rendezvous (Drop-in Tea Room) Bookshop Servicel utilities Weekly Allowancecosts 4.982 2.039 3.623 2.407 700 730 6383 1918 3453 1296 7CQ 26.424 241 5,228 1.290 41.510 42.703 49A93 816 2J53 824 34J47 2503 131.877 127916 5. Debtors and Prepayments Gift Aid Tax Claim 1.036 355 6. Credit(X5 (Amourptsfolling due within oneyeor) Independent ExaminersFees 700 Annuul Reportundfinonciolstotements YettrErJded 31srJuty2023 Page IS

Pilgrims Hall Fellowship Limited (A Compony Limited by 6uuronteeJ Notes to the Financial Statements (continued) Year ended 31st July 2022 Unrestrirted Fund5 7. Cash at Bank and in Hand 2021122 2020/21 Current Account Business Premium Account Building Soc4ety kcount Cash in Hand 3,409 55,105 703 756 6JlO 105.094 811 Total Cash at Bank and in Harnl 59,973 112.713 & tharity Workers Numbers arKI Costs Total Weekly LiyingAlIow￿ee Costs 42.703 25A53 Thecharity employed an average of 7 peopleduringtheyear. {2020/21..5people). Pilgrims Hall is an intentional rdigiouscommunity and asgjch is exempt by law from the ieNuirements of statutory minimum wage legi￿atIOn. No charity worker received emolUM￿t5 of morethan £60,000 in thefinancial pÉYiod. 12020/21_' None). 9. Directors. Emolurnents No payments were madeto Directorsor any person connected with them during thisfinan¢ial period. {2020/21. Nonel. No material traASaCtion took place between the Charityand a DIr￿tOr or any person connected tothem. 12020/21.. Nonej. 10. Reconciliation on Movement of Capitsl and Re5erve5 The Company is Limited byGuaranteeand is a Charity registered with thecharity Commission England and Wales- number 2572161 and does not havea Sharecapital. Thecompany has no income which i55ubject to Corporation Tax. 2021122 2￿/21 Surplusl IDeficitl for the Financial Year Other Recognised Gains 154,098) 36 154.0981 90,036 Balance Brought Forward 6.243.378 6.153342 a051￿ Fund5 at 31st J￿Y 2022 {2021J 6.189280 6,243,378 AnnuolReportOndFinonciolStotern￿ts Yeor Ended 31stJuly2022 Page 16

Igrims Hall Fellowship Limited IA Company ts"mited by 6uoronteeJ Notes to the Financial Statements (continued) Year ended 31st July 2022 Unrestrirted Funds 11. Restricted Funds The Company held no re5trictoJ fijndsduringthefinancial period. 1202012 1.. ￿)ne1 12. Risk Management The Charity is exposed to operational risksthat. poientially, tovld adversely IMp￿t its operations andlor ability to function. TheTrust&s are responsible for identifyin& controllin& mitigating (where possible) and monitoring risks which in the short teym and foreseeable fvture could pose threat. while recognisin8that it is not Possibleto diminate all risk. Taking into account the nature and sizeof theChaTlty and the risksto which it is exposed. risk management isconducted on a proportionate 1st for purpose, bags. s.e. by way of continuous review and pNaluation. uwèlly at monthly meetings ofthe Board ofTrustees. rather than a prescribed mechanistic approach through a formal stwctured process. Duringthe 2020121 financial year. theTrustees produced a new Risk Management Policy which providesa frameworkto help inform practicein managing kw ri5ksacrossthe Charity. 13. Reserves Policy The policy ofthe Charity 1Sto hold Re5ervesto help ensurethe on£oing xjlvwcy of the Charity and, thereby, theabilityto continue performing its charitableobjLxtive5. In 2020121 theTrustees produced a Reserves policy which established the basis upon which the reserves should be Set and the rulesto accessthem. The amount of re5wves is determined by balancing the principlesof lil devoting incometo financing thecharity's activities in thefurtherance of its charitable objectives and lill setting ayde an amount of fvndsjudged to be prudentiallv adequateto addr￿S unforeseen andlor unplanned circumstancÈs that may ari*. In the li8ht ofthecovid 19 crigswhich adversdy impacted theoperationsof theCh3ritywith a COn￿uent Ios50f income, theTrUst￿ConS1dered theadepuacy ofthe reservesin casethe Government r￿l￿pOseS Testrictions in order to manage the spread of thevirusthat could lead to the r closure of Pilgrims Hall. HOw￿er, theTrUst￿cOnC1ud￿l that it would not be possibleto increasether reserves. presently set at £20,000. to a levd which could fully in5vlatethe Charity from anyfurther measures without negatively affectingthesupply of financial resourcesto continuethe day-t04I3y activities of thecharity and also undertakernuch needed capital expenditureto maintain the fabric of the buildin& 14. E￿bliC Benefit The Charityacknowledges its requirement to demon￿rate¢learIY ihat it musi have charitable purposes or"aims" that arefor the public benefit. Details of howthecharity has ￿hleYed this are provid￿ in the Trustees, report. The Trustees confirm that they have paid due regard to the Charity Commission guidanceon public benefit when deciding what artivitiesthecharity should undertake. nuol Reporttsrtd FinoncialStotewJrs YeorEndEd31stJU￿2022 Page 17

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees of Pilgrims Hall Fellowship Limited on my examination of the accounts for the year ended 31st July 2022.

Responsibilities and basis of report

As the charity’s trustees of the charitable company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the charitable company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I have no concerns and have come across no other 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:

Date: 30th May 2023

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre

Delling Lane Bosham PO18 8NF

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