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2024-07-31-accounts

Pilgrims Hall Fellowship Limited (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31st July 2024 Charity Registration No.. 257216 Compony Registration No.. 940052 Pilgrims Hall Ongar Road Brentwood Essex CM15 95A

Pilgrims Hall Fellowship Limited (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31st July 2024 Contents Page 3 Legal and Administrative Information Pages 4 to 8 Trustees, Report Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 to 16 Notes to Financial Statements Page 18 Independent Examiner's Report on the Accounts Annuol ReportondFinonciolStotements YeurEnded31stJvly2024 Page 2

Pilgrims Hall Fellowship Limited (A Company Limited by Guuranteej Report of the Trustees Year ended 315tJuly 2024 Legal and Administrative Information Governing Document Memorandum & Articles of Association incorporated on 7th October 1968 legal StotU5 Incorporated Trust Compony Number 940052 Chaffty Number 257216 Start offinoncial year 01.08.2023 End offinoncial year 31.07.2024 Bourd of Trustees Suzanne Cou5in5 Barbara Cummins Stephen Dodgson Mark Galliers Jame5 Mills Margaret Pear50n Registered Office Pilgrims Hall. Ongar Road. Brentwood. Essex, CM15 95A Primary Bankers Barclays Bank Plc. 75. High Street, Brentwood, Essex, CM14 4RP Independent Examiner Independent Examiner5 Ltd. Unit 2. The Broadbridge Business Centre, Delling Lane. 8osham, P018 8NF AnnuolReportané FinoncialStotenTents YeurEnded31stJuly2024 Page 3

Pilgrims Hall Fellowship Limited (A Company Limited by Guaranteej Report of the Trustees (continued) st Year ended 31 July 2024 Introductson The following is the Annual Report of the Trustees of Pilgrims Hall Fellowship Limited for the financial year ending 31" July 2024. Pilgrims Hall is a Christian ministry and retreat centre based in a regency period house situated in 19 acres of grounds, located near Brentwood, Essex. It is owned in trust by a charitable company Pilgrims Hall Fellowship Limited- and operated by a community of Christians comprising the Trustees. a team that resides at the Hall Iresponsible for the day-to-day operations of Pilgrims Hall) and volunteers. Churitable ob erts In summary, the objectives of Pilgrims Hall are to.. facilitate Christian discipleship by providing Christian ministry through a programme of activities including worship, teaching, bible study, conferences. seminars, retreats, etc., and make the buildings and land available for use by Christians, churches and Christian organisations, etc. Vision Stotement God's Word for God's world- Proclaimingi Teaching, Living the Truth Mission Statement Pilgrims Hall is a Christian ministry and retreat centre whose heart is to serve and support Christians. churches and Christian organi5ations by being a place where.. the Bible, as the authoritative Word of God, is foundational the Gospel of the Lord Jesus Christ is proclaimed Christian ministry is offered through: Bible teaching and study Seminars Prayer Discipling Pastoral Care Fellowship in order to assist Christians to grow in the Faith bringing forgiveness, healin& restoration and wholeness in an oasis of peace and refuge the premises and grounds may be hired for meetings, Away Days, Christian activities, etc. rooms are available for personal day and overnight retreats Christian books, gifts, cards and materials are available for purchase from our Wellspring Bookshop people can meet for refreshments in a Christian environment in our Rendezvous Tea Room The Board o Trustees The Board of Trustees is responsible for overseeing the life and work of Pilgrims Hall. Amongst other things, the Trustees ensure that Pilgrims Hall fulfils its charitable objects and provides public benefit. Continued.... AnnuolRepGrtondFffnonciolStotements Yetsf Ended31"Jtsly2024 Page 4

Pilgrims Hall Fellowship Limited (A Compuny Limited by Guorantee) Report of the Trustees (continued) Year ended 31" July 2024 The Trustees met as a Board each month throughout the year (except August) to fulfil their responsibilities. The Annual General Meeting IAGMI was held in November 2023 which was attended by friends and users of Pilgrims Hall. Steve Dodgson was re-appointed Chairman of Trustees. The 2022123 Annual Report and Accounts were presented and approved at the meeting which formed the basis to publicly account for the life and ministry of Pilgrims Hall and the fulfilment of its charitable objectives to those present at the meeting. Public bene The Trustees are mindful of the need to demonstrate public benefit which accrues from the life and work of Pilgrims Hall. Pilgrim5 Hall advertlses, principally through the charity's web51te, the availability of its programmes and facilities, in order to reach as many people a5 possible who may benefit from them. In the main, the beneficiaries are individual Christians, churches and Christian organisations. The Trustees seek to gather feedback on an on-going basis from those who use the facilities to help judge the benefits. During the year, a full range of ministry and activity was undertaken. This brought opportunity for spiritual growth, discipleship and pastoral care to help Christians in their well-bein& faith and relationship with Jesus Christ. It was clear from feedback at the AGM and received throughout the year that individua15, churches and Christian organisations gained spiritually and pastorally as a result of being able to use the facilities of Pilgrim5 Hall andlor participate in its ministry and programmes and, thereby, fulfil the charitable objects of Pilgrims Hall including the aim of being a place that brings peace. refuge, healing, wholeness and restoration. Strote During 2023124, the Trustees had three key objectives:111 to appoint a leader of the Resident Team,. 121 to raise fund5 and reduce the financial deficit- and131 to raise the profile of Pilgrims Hall through a publicity campaign. Minist Leader rotions Mana er The role of Ministry Leader/Operational Manager wa5 advertised in the Christian media but none of the candidate5 who expressed an interest were found to be suitable so the position remained unfilled. The Trustees will reconsider how this may be taken forward in 2024125. Finance Total income amounted to circa £114,000, an increase of almost £14.000 over the previous year. Of this. circa £6,000 was raised through an appeal for funds and prices were raised for retreats and conferencing which helped to yield more income. Total expenditure amounted to circa £130,000, an increase of almost £13,000 over the previous year. The two major costs were energy and Team allowances. A new electricity and g35 supplier was arranged with the aim of cutting energy costs and Team allowances were frozen. Had it not been for two large and unbudgeted costs Ito fell a diseased tree and replace the main house boiler) amounting to nearly £IO.000, the deficit would have been significantly reduced. The deficit was financed from general funds but it meant there was a further erosion of bank deposits which is unsustainable in the long run. A Budget for 2024/25 will be set Continued.... Annuol Report ond Finonciolstotements YeurEndedS1"July2024 Page 5

Pilgrims Hall Fellowship Limited (A Compony Limited by Guaranteej Report of the Trustees (continued) st Year ended 31 July 2024 with the aim of balancing income and expenditure but any capital expenditure will need to be financed from monies raised through appeal and/or from grant-making bodies. Publicit Work was completed to create a database of churches in Essex and East London. This will provide a springboard to launch a targeted publicity campaign in 2024125. Minist During 2023124, a programme of ministry was carried out.. a seminar led by Christian Concern on matter5 of human sexuality followed by two Seminars covering.. 'Who am I, _ the Christian response to be human 'Who we are, _ the gift of malenes5 and femaleness seminars covering- 1 & 2 Timothy The Continuity of the Bible Davidic Psalms weekly Bible studies covering the books of Exodus and Leviticus under the banner of 'Foundations Explored" monthly Led Quiet Days Throughout the year, Pilgrims Hall hosted- Christians staying as retreat Buests for personal prayer, Bible study. worship meditation etc. Churches and Christian organisations who used the premises for meetings and social events Christians renting apartment accommodation. The Wellspring Bookshop was open for people to purchase Christian books, magazines. CD/DVDs, cards, gifts etc. New and more efficient arrangements were put in place with a key supplier (Southend Christian Bookshop) and plans made to refurbish the shop in August 2024. The Rendezvou5 Tea Room operated each Tuesday throughout the year except over the Christmas and Easter holiday period5 and the month of August. During August, cream te35 were served each Sunday afternoon. During the year, many people attended Pilgrims Hall to attend ministry programmes, stayed for personal retreats, purchased books, cards and other items from the Wellspring bookshop and came for refreshments at the Rendezvous Tea Room and creaffl teas. All these activities provided opportunity for people to meet together in a Christian environment to study the Word of God. fellowship with other Christians, receive pastoral care and Brow sptritually. Re urbishment und Renovatlon5 Pilgrims Hall is a Grade 2 listed 18, century building which requires constant work to maintain the fabric and integrity of the building. Work was undertaken to redecorate rooms including Cedar Suite Continued.... Annuol Report ond FinuFJcia15totements YeorEnded31"July2024 Page 6

Pilgrims Hall Fellowship Limited fA Company Limited by Guarantee) Report of the Trustees (continued) Year ended 31" July 2024 Used by churches and Christian organisations for meetings. Further work is needed to upgrade some bedrooms with en suite bathrooms and, more importantly, roof repairs are required on the main building and Stable block but these can only be undertaken as and when funds become available. Policies and rnrtices The Trustees reviewed and updatedlrevised policies and practice5 as necessary and appropriate to ensure they remain current. A new 'Volunteer' policy and practice document was produced taking account of Charwty Commission guidan￿. A Finance Manual wa5 prodU￿d detailing operating processes and procedures in order to help rnrtigate 'Key Person, risk. Food SafetylHygiene and Safeguarding Training wa5 carried out. Petsonnel Jimmy Mills was reappointed a5 a Trustee for a further three years. John and Val Coulthard retired having served as part of the Resident Team for over nineteen years. Because of financial constraints, it was not Possible to recruit replacement Team members which meant that the remaining Team members had to bear an InC￿aSed workload. To help address this, Steve Dodgson took over temporary responsibility for managing the day-to-day finances and book-keeping. Keith Bilton who volunteers in the office increased hi5 time from one to two days a week. Pauline Canham retired from volunteering in the Bookshop after many years of seThice. New volunteers came forward to help in the Bookshop and the Rendezvous Tea Room. Next Financial Yeor Looking forward to the 202415 financial year. the Trustees will be particularly focusing on the future viability of Pilgrims Hall taking account of the current financial situation. the need to maintain a listed building that is over two hundred years old. the requirement for a leader of the Resident Team and su¢ce5sion planning for the Trustees as the majorrty are now in their seventies and have served for long periods of time. reciation The Trustees are indebted to the Resident Team and the volunteers for their work in undertakTrng the day-to-day operations of Pilgrims Hall. The Trustees are grateful to them for their faithfulness and dedication over the past year in support of the aims of the Charrty especially in view of the change5 and challenges reported earlier. The Trustee5 are also thankful to God for his faithfulness and providence in meeting the needs of Pilgrims Hall which enabled its life and ministry to continue. Stotement o rrustees. Res nsibilities The Trustees (who are also the Directors of Pilgrims Hall Fellowship Limited for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable lawand Unwted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prartice}, including FRS 102 Vhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Company law requires the Trustees to prepa￿ financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or 1055 of the companv during that periiKI. Continued.... Reportond Fimincio1Stotements Ye(yrEnded31 July2024 Page 7

Pilgrims Hall Fellowship Limlted (A Company Limited by Guoronteej Report of the Trustees (continued) 5t Year ended 31 July 2024 In preparing those financial statements the Trustees are required to.. lil select suitable accounting policies and then apply them consistently ill make judgements and estimates that are reasonable and prudent, liiil prepare financial statement5 on a going concern basis unless it is inappropriate to presume that the company will stay in business, livl state whether applicable accounting Standards comprising FRS 102 have been followed have been followed subject to material departures disclosed and explained in the financial statement,. Iv) observe the methods and principles in the Charities SORP. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small com anies rovision statement In preparing this report the Trustees have taken advantage of special provisions of the Companies Art 2006 relating to small companies. The Trustees are also responsible for the content of the Report of the Trustee5. The responsibility of the independent examiner in relation to the Trustees, Report is limited to examining the report and ensuring that on the fa￿ of the report, there are no inconsistencies with the figures disclosed in the financial statements. l approve the attached statement of financlal activities and balance sheet for the year ended 31st July 2024, and confirm that I have made available all information necessary for its preparation. Stephen R Dodgson: £ E t>x Date: Jo November 2024 Chalrman {on behalf of the 8ot7rd of frustees) TNstees.' Suzanne Cousins, Barbara Cummins, Mark Galliers, James Mills, Margaret Pearson AnnuolReport gndFinontiolStotements YeorEnded31"July2024 Page 8

Pilgrims Hall Fellowship Limited (A Company Limited by Guaranteej Statement of Financial Activities Yeor ended 31stJuly 2024 (Incorporating Income and Expenditure Account) Unrestricted Funds Notes 2023124 2022/23 Income lTrcome from Generated Funds Donations and Legacies 23,262 28,609 Income from Charitable Activities 3b 90,076 70.986 Income from Investments 414 185 Other Income 3d 557 Total Income 114,196 100.337 enditure Expenditure on Charitable Activities 4a 130,058 117,119 Total Expendlture 130,058 117.119 Totsl Incoming/(Out8oing) Resources 115,8621 (16,7821 Total Funds Brought Forward 6,172,498 6.189,280 Total Fund5 Carried Fonvard 6,156,636 6,172.498 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 11 to 17 form part of these financial statements. AnnuolReport ond Finofr7cioIStatements YeurEnded31stJuly 2024 Page 9

(A Company Limited by Guarantee) Company Registration Number-. 941XJ52 Balance Sheet as at 31stJuly 2024 Unrestricted Funds Notes 31st July 2024 31stJuly2023 Flxed Assets Tangible Assets 6.126,372 Current Assets Debtors Cash at bank and in hand 1,415 30,199 1,294 43,976 Total Current Assets 31,614 45.270 Creditors (omount5folling due within one yeorj 1,350 720 Net Current Assets 30,264 44,550 Total Net Assets 6,156,636 6,172,498 Funds of the Charlty General Funds Restrlcted Funds 6,156,636 6,172.498 Total Funds 6,156,636 6,172,498 The Trustees are satlsfled that for the year ended on the 31st July 2024 the charltable company wa5 entitled to èxemption from the requifement to obtain an audit under section 477 of the Companie5 Act 2006 and that no member or members have requlred the company to obtain an audit of it5 accounts for the year in question in accoidance with section 476 of the Act. However, in accoidance with section 145 of the Charitie5 Act 2011, the account5 have been examined by an Independent Examlner whose report appears on page 18. The Trustees acknowledge their re5pon51bllity for complylng wlth the Tequtrements of the Companies Act 2006 with respect to accountin8 records an(1 the preparatlon ol a¢counts. The Accounts have been prepaied in accordante with the provisions In Part 15 of the Companles Act 2(X)6 applicable to companies subjert to the small eompanies regime and in accordance with the FlnancTral Reportin8 Standard applicable in the UK and Republic of Ireland (Charities 50RP IFRS10211- effective 1st January 2015. The Trustees acknowledge their re5ponslblllty for ensuring that the company keeps proper accounting records which comply with section 386 of the Att and for preparing financial statements which Eive 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 financi31 year in accordance with the requirements of section5 394 and 395 and which otherwise comply with the requlrements of the Companies Act 2006 relating to atcounts, so far as appllcable to the company. Approved by the Board of TrustÈe5 On.... Slgnedon beholf of the 8ourd OA Trustees by5tephen R Dodgson...... Anntstrl Reportond Finoncio1Stotements YeurEnded 31, July 2024 Page 10

Pilgrims Hall Fellowship Limited (A compony Limited by Guarantee) Notes to the Financial Statements (continued) st Year ended 31 July 2024 Unrestricted Funds l. Accounting Policies Charity Status The Charity is limited by guarantee, incorporated in England, and consequently does not have share capit31. Each of the members is liable to contribute an amount not exceeding £1 towaid5 the assets of the Charity in the event of liquid3tion. Summary of significant accounting policies and key accounting estimate5 The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of recommended Practice lapplicable to chaflties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 lissued in October 20191 Icharities SORP IFR510211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006. Incomlng Resources Recognition of Incoming Resources These are included in the Statement of Financial Activities ISOFAI when.- il the Charity becomes entitled to the income,. ill it is more likely than not the Trustees will receive the resource,. iiil the monetary value can be measured with sufficient reliability. Incoming resources with reloted expenditure Where incoming resources have related expenditure las with seminar or course income) the incoming resource and related expenditure are reported gross in the SOFA. Gronts and Donutions Grants and donations are only included in the SOFA when the general income recognition criteria are met15.10 to 5.12 FR5102 SORPI. Tax reclaims on Donotions ond Gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Contructuol Income and Performt7nce Related Grants These are only included in the SOFA once the related goods or services have been delivered. Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any condition5 attached to the legaty are either within the control of the charity or have been met. Gifts in Kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount artually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the Charity. AnnuolReporr ond Finunciojstotements YearEnded 31"July 2024 Page 11

Pllgrims Hall Fellowship Limited (A compony Limited by Guarantee) Notes to the Financial Statements (continued) st Year ended 31 July 2024 Unrestricted Funds l. Accounting PollcSe5 Icontinuedl Donated Services t7nd Focilities These are only included in incoming resources Iwith an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measLTrrable and material. The value placed on these resources is the estimated value to the Charity. Volunteer Help The value of any volunteer help received is not included In the accounts but is described in the Trustees, annual report. Investment Income This Is included in the account5 when received. Investment Gains ond Losses This includes any gains or 10s5es on the sale of investments and any gain or loss resulting from revealing investments to market value at the end of the year. Funds Unrestrlcted General Funds represents the funds of the charity that are not subject to any restrictions regarding their use. Designated funds are also unrestricted. Restricted funds are to be used in accordance with their terms of trust. Expendlture and Llabllltles Liobility Recognition Liabilities are recognised as 500n as there is a legal or tonstructive obligation committin8 the Charity to pay out resources. Governance Cost5 Include5 Costs of the preparation and examination of statutory accounts, the cost of Trustees, meetlngs and the cost of any legal advice to Trustees on governance or constitutional matter5. Chonges in Accounting Policles ond Previous Attount5 There has been no change to the accounting policies Ivariatlon rules and methods of accountlll815ince last year, ènd no changes to the previous accounts. Grants with Performance Conditions Where the Charity give5 a grant with conditions for its payment being a specifi¢ level of service or output to be provided, such grar*ts are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Grants Poyoble without Performt7nce Conditions These are only recognised in the accounts when a commitment has been made and there are no onditions to be met relating to a grant which remains in control of the Charity. Anntstsl Report ond Finonciolstotements ¥eorEnded 31, July 2024 Page 12

Pilgrims Hall Fellowship Limited (A compt7ny Limited by Guorantee) Notes to the Financial Statements (continued) Year ended 31"July 2024 Unrestricted Fund5 Assets Tangible fixed assets forthe use by the Charity. These are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost, or if gifted, at the value to the Charity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rate5 applied per annum are as follows: Estate Equlpment 20% reducing balance Catering & Office Equipment 20% reducing balance Furniture and Fittings IO% reducing balance No depreciation is charged to freehold property as the property is maintained to such a standard the estimated residual value is not less than cost. Offsetting There has been no offsetting of assets and liabilities. or income and expenses. unless required or permitted by the FRS 102 SORP or FRSIO2. Bas15 of Preparotion Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward. 2. Tanglble Fixed Assets Office & Furniture Property & Equipment Estate Equipmen Catering Equipmen Freehold Fittings Property Total Cost at 1st August 2023 Additions Cost at 31st July 2024 13.478 4,318 25,477 6,115.000 6.158,273 13,478 4,318 25,477 6,115,000 6,158,273 Depreciation at 1st August 2023 Charge this period Depreciation at 31st July 2024 11,607 374 3,382 187 15.336 1,015 16,351 30,325 1,576 31,901 11,981 3,569 Net Book Value 31st July 2024 Net Book Volue 31stJuly 2023 1,497 749 9,126 9.341 6.115,000 6,115,000 6.126,372 6.127,948 2,671 936 No annual commitments under non-cancelling operating leases, capital commitments or contingent liabilities were entered into during the year. (202¥23- None). AnnuulReportundFinonclolStotements Year Ended31 July2024 PèÈe 13

Pilgrims Hall Fellowship Limited (A Company Limited by Guarantee) Notes to the Financial Statements (continued) Year ended 31stJuly 2024 Unrestricted Fund5 3. Income 2023124 2022/23 al Donatlons and Legacles Estate 4(X) 400 Gifts and Oonations Gift Aid Tax 19.966 2,896 24.254 3.955 23,262 28,609 b) Income from Charitable Actlvltie5 Conference and Ministry Retreats Seminars and Courses Rendezvou5 (Drop-in Tea Rooml Bookshop Commission Accommodation/Space/Storage Rental 8,569 32,555 2.105 13,967 6,130 26,750 8.460 26.005 2.929 13.066 4,726 15,800 90,076 /0,986 cl Investment Income Interest 414 185 dl Other Incorne Administration & Sundry Scrap Metal Sale 21 536 557 ArJnualReportondFin¢7ncialStotements Yeof Ended31stJtsly2024 Page 14

Pilgrims Hall Fellowship Limited (A Company Limited ty Guoranteej Notes to the Financial Stlrtements (continued) Year ended 31stJuly 2024 Unrestricted Funds 4. Expenses 2023124 2022/23 a) Expenditure from Charltable Arti¥itles Administration Depreciation Estate General Household Independent Examiners Fees Ministry l Gifts Repairs and Renewals Rendezvous (Drop-in Tea Room) Bookshop Service / Utilities Weekly Alowance Costs 5.921 1.576 6.733 2,721 750 5,253 11,322 7,174 5,351 1.823 1.873 2.142 720 1.172 8.831 7.056 1.799 37.035 49.317 44,241 41,958 130.058 117,119 5. Debtors and Prepayments Gift Aid Tax Claim IA15 1.294 6. Creditors {Amountsfalling due kvithin one yeor) Professional Fees 1.350 720 Anntstsl Report ond Fil￿￿(￿115torernents YearEnded315tJufy2024 Page 15

Pilgrims Hall Fellowship Limited (A Company Limited by Guamntee) Notes to the Financial Statements (continued) Year ended 31stJufy 2024 Unrestricted Funds 7. Cash at Bank and in Hand 2023124 2022/23 Current Account 6,867 21,668 739 925 4.927 Business Premium Account Building society Account Cash in Hand 37,278 715 1,056 Total Cash at Bank and in Hand 30,199 43.976 8. Charity Workers Numbers and Costs Total Weekly Itving Allowance Costs 41.958 49,317 The Charity employed an average of 4 people during the year. f2022/23.' 6people). Pilgrims Hall is an intentional religious community and as such is exempt by law from the requirements of statutory minimum wage legislation. It does not operate payroll but pays employees allowance5. The employee5 are responsible for reporting their own tax affairs and national insurante liabilities to HMRC. No charity worker received emoluments of more than £60,000 in the financial period. [2022/23.. Nonej. 9. Trustees, Emoluments No payments were made to Trustees or any person connected with them during this financial period. {2022/23.. None}. No material transaction took place between the Charity and a Trustee or any person connected to them. (2022/23.. None). 10. Reconci1Satlon on Movement of Capital and Reserves The Company is Limited by Guarantee and is a Charity registered with the Charity Commission (England and Wales- number 2572161 and does not have a Share Capital. The Company has no income which is subject to Corporation Tax. 2023124 202V23 Surplus I (Deficit) for the Financial Year Other Recognised Gains 115,8621 116,782J 115,8621 116,7821 Balance Brought Forward Closing Funds at 31st July 2024 (20231 6,172,498 6,189,280 6,156,636 6,172 498 Annut71Reportond Flnun¢iolStutements Yeor Ended31"July2024 Pagè 16

Pilgrims Hall Fellowship Limited (A Company Limited by GuGfGntee) Notes to the Financial Statements (continued) Year ended 31st July 2024 Unrestrirted Funds 11. Restrlrted Funds The Company held no restricted funds during the financial period. 12022123.. None) 12. R15k Management Pilgrims Hall is exposed to operational rfsks that. potentialty, could adversefy impart its viabillty and, thereby. its ability to function. The Trustees seek to identify. control. mitigate and monitor risks which in the short term and foreseeable future could p05e significant threat. while recognising that it is not Possible to eliminate all risk. with the aim of ensuring that the achievement of the Charity's objertives and public benefit are unimpaired by risks that should be capable of being addressed. The Trustees undertook this Wlthin the framework of a Risk Management policy which codifies key rlsk5 and at each monthly Board meeting assessed and addressed particular risks. 13. Reserves Pollcy The Trustees operate a Reserve policy whlch sets out the basls upon which the Reserves are created. maintained and accessed. The Trustees established a ring-fenced Reserve of £20,000 which strikes a balance between being prudential but not deprivin8 day-to-day operations of financial resources. This should provide a sufficient cushion to meet emer8ency unplanned/unfore5een expenditures and. if the solvency of the Charity come5 under threat, ensure funds are available to meet costs that would necessarily be incurred to sell assets and/or wind it up. 14. Publlc Benefft The Charlty acknowledge5 its requirement to demonstrate clearly that It must have charitable purposes or "aims" that are for the public benefit. Details of how the Charity has achieved this are provided in the Trustees, report. The Trustees confirm that they have paid due regard to the Charity Commission guldance on publlc benefrt when deciding whèt activities the Charity should undertake. Annual ftewtondFyn4n¢iulStt7ternents ye£¢rEA￿ed31'jvty2O24 Page 17

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the charity trustees on my examination of the accounts of Pilgrims Hall Fellowship Limited for the year ended 31st July 2024.

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: 01.12.2024

Zita Derbak MAAT AATQB Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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