Registered charity number 271026 Company registration number 01240449 SHARED CHURCHES (pEfERBOROUGH) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2023
SHARED CHURCHES {PETERBOROUGH} LIMITED Report of the Members of the Council For the year ended 31 December 2023 The Members of the Council have pleasure in presenting their report and the financia5 slalemenls for the year ended 31 December 2023. The Members of the Council have adopted the provisions of the Slalemenl of Recommended Practice ISORPI"Accounting and Reporting by Charities. IFRS 102} in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the accounts and comply with the charity's governing docurnenl, the Charities Act 2011 and Accounting and Reporting by Charities-. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. STRUCTURE GOVERNANCE AND MANAGEMENT Shared Churches (Pelerboroughl Limited is a company limited by Guarantee, company registration number 01240449 and registered with the Charity Commission, charity registration number 271026. The company is governed by the provisions contained within the Memorandurn and Articles of Association. These were changed during 2009 through the Company passing a Vvrillen Resolution in accordan with Ihe Companies Act 2006. The registered office of the Company Is.. The Diocesan Office The Palace Pelerborough PE1 1YB The Sharing of Church Buildings Act 1969 makes provision for the making of sharing agreements beeen linter alial the Church of England and the Roman Catholic Church for the sharing by them of Church buildings. A sharing agreement was made on 20 April 1978 between the Pelerborough Diocesan Board of Finance. the Incumbent of Bretton Ecclesiastical Parish, the Northampton Roman Catholic Trustee and Shared Churches (Pelerboroughl Limited. The changes in the MemorandLJrn and Articles in 2009 were made as a result of the withdrawal of the Roman Catholic congregation in 2008. Currently the church buildings are only being used by a Church of England congregation though this could change in the future. OBJECTIVES AND ACTIVITIES The Trustees have considered the guidelines issued by the Charity Commission on public benefit and are of the opinion that the criteria are being mel within the objectives and activities of the charity. The objective of the company is lo promote and develop such of the work of any church, union of churches, denomination or secl recognised by or affiliated lo the British Council of Churches, now known as Churches Together in England, andlor the World Council of Churches as shall further the Christian religion. The company has been administering a shared church on behalf of the Anglican Diocese of Pelerborough and the Roman Catholic Diocese of East Anglia in the Cressel Centre, Pelerborough. In 2008 the Roman Catholic congregation withdrew from the chUh and currently il is only used by a Church of England congregatlon. The Church building is leased on a 999 year lease from 1978.
SHARED CHURCHES IPETERBOROUGH) LIMITED Report of tho Members of thg Councll For the year ended 31 Decembor 2023 FINANCIAL REVIEW AND RESERVES POLICY The financial position of the Company al 31 December 2023 is considered satisfactory and there was no nel movement during the year. The Members of the Council are aware that the charity is dependent upon donated income and in view of this feel that expenditure has lo be carefully monitored lo ensure continuity of operations. The reseNes of the charity a131 December 2023 were £68,059 and this is Gonsidered sufficient by the Members of the Council. ACHIEVEMENTS AND PERFORMANCE The results for the year are shown in the Statement of Financial Activities on page 5. The Members of the Council of the charity are satisfied the charity's objects have been achieveé and are satisfied with its progress. The Members of the Council expect no significant change in the nature and level of the activities of the company in the foreseeable future. FIXED ASSETS There were no change5 in fixed assets during the year. MEMBERS OF THE COUNCIL The Members of tho Council during the year were.. Mr M Clemenls The Rev'd Helena del Pino Mr A Roberts Mr P Berryman The Rev'd Michael Moore The Venerable Alison Booker The power to appoint new Members of the Council is vested in the existing Members of the Council. When new Members of the Council are appointed they are given an overview of the Charity and an outline of bolh ils operational and financial aclNilies. New Members of the Council are selected in order to gain benefit from their skills and experien, to complement the existing Members of the Council. and lo provide succession. COUNCIL MEMBERS. INTERESTS IN SHARES The company is limited by guarantee and. as such, has no share capital. Members of Council may derive no benefit or income from or have any capital interest in the company's financial affairs. TAXATION STATUS The company is a registered charity and, as such, is not liable to Corporation Tax.
SHARED CHURCHES {PETERBOROUGH) LIMITED Report of the Members of the Councll For the year ended 31 December 2023 RESPONSIBILITIES OF THE MEMBERS OF THE COUNCIL The members of the council (who are also the directors for the purposes of Company law} a responsible for preparing the report of the members of the council and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards {Uni18d Kingdom Generally Accepted Accounting Pra¢lice). Company law requires the members of the council to prepare financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and oxpendilure, of the charitable company for the year. In preparing these financial statements. the members of the council are required lo-. select suitable accounting policies and then apply them conslstently-, observe the methods and principles in the Charities SORP 2019 {FRS 1021.. make judgements and eslimales that are reasonable and prudent., Stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial slalements on a going concern basis unless it is inapproprlale lo presume th81 the company will continue in operation. The members of the council are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable ompany and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the members of the council are aware.. there is no relevant audit information of which the charitable company's auditor is unaware.. and the members of the council have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and lo establish that the auditor is aware of that information. Signed by order of the CoiJnGil Andrew Roberts Approved by the board on l(> Li 2c)Z
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE COUNCIL OF THE SHARED CHURCHES {PETERBOROUGHI LIMITED I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023 which are sel out on pages 5 10 9. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts of the company sre not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of My examination of your company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recornmended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Dale.. K M Hilliard ACA FCCA CTA 36 Tyndall Court Commerce Road Lynchwood Pelerborough PE2 6LR
SHARED CHURCHES (PETERBOROUGHI LIMITED STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) For the year ended 31 December 2023 TOTAL 2023 TOTAL 2022 INCOMING RESOURCES Donations towards Operatlonal Expenses Anglican Church of The Holy Spirit Peterborough Diocesan Board of Finance 10,521 32,961 43,482 5,336 22,518 27,854 Income from Investments Other income Deposit account interest 12 19 TOTAL INCOMING RESOURCES 43,513 27,860 RESOURCES USED Operational Expensos Common service charge Business rates Heat & Light Water Insurance Bank Charge Audit Fee 27,221 832 12,771 1,015 1,025 21,930 4.485 88 763 13 611 27.890 646 43.510 TOTAL RESOURCES USED 43,510 27,890 NET MOVEMENT IN FUNDS (30) Balances Blthd at 1 January 2023 68,056 68,086 BALANCES CARRIED FORWARD AT 31 DECEMBER 2023 68,059 68,056
SHARED CHURCHES IPETERBOROUGHI LIMITED BALANCE SHEET as at 31 Dèeèmber 2023 Note 2023 2022 FIXED ASSETS Tangible assets 67,816 67.816 CLIRRENT ASSETS Dgbtor5 Cash at bank and in hand 856 830 861 830 CREDITORS.. Amounts falllng duo wlthln ono ar 618 NET CURRENT ASss 243 240 NET ASSETS 68,059 68,056 FUNDS Unr85trited 68,059 68,056 68,059 68.056 For th8 year anding 31 December 2023 the company was entiued lo exemption from audit und8r saction 477 of the C4)rnpanies Act 2006 relating to small companies. Direciorfs R8Stx)nsibilitiès-. The members have not required the company to obtain an audit of its acwunts for the year in qU8StK)n in acwrdance with section 476., The dir8Ctor5 acknowledge their responsibilities for complwng with the qUirementS of the Act with r85P8Ct to accounting rseords and the preparation ol aunts. Tha accounts wer8 approved by the Council on 10 J41 JiLf Andrew Rob8rts -llLLLL The Revd Helena del Plno SKJned on behalf of Ihe members of the Council The accompanying noies form part of thes8 accounts. Company RÈgr$tration Numbel 01240449
SHARED CHURCHES (PETERBOROUGH) LIMITED NOTES TO THE ACCOUNTS Year ended 31 December 2023 ACCOUNTING POLICIES Basis of Preparation of the Accounts The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the Uniled Kingdom and RepubliG of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice. The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concem basis under the historica1 cost convention. The financial statements are presented in sterling which is the functional currency of the charily. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all years presented unless otherwise staled. Incom6 Income is accounted for an accruals basis. Fixad assets Fixtures, fittings and office equipmenl - expenditure is written off in the year in which it is incurred. Depreciation - no depreciation is provided on the leasehold property on the grounds that il would be immaterial. COUNCIL MEMBERS, EMOLUMENTS None of the members of Ihe Council has r8C8ived any emoluments or expenses from the company for services performed. EMPLOYEE INFORMATION Thor& are no paid employees of the company. The average number of persons (including directors) employed by the company during the year was 6 (2022- 6).
SHARED CHURCHES (PETERBOROUGHI LIMITED NOTES TO THE ACCOUNTS {Contlnued) Year endod 31 December 2023 TANGIBLE FIXED ASSETS Leasehold Premises Cost At 1 January and 31 Dember 2023 67,816 De reciation At 1 January and 31 December 2023 Net book value At 31 December 2022 and 2023 67.816 The amount included for leasehold premises represents the contribution made by the company for the cost of building the shared church. The property is held on a 999 year lease from 1978. DEBTORS: 2023 2022 Prepayments & Accrued income Debtors represent amounts receivable within one year. CASH AT BANK AND IN HAND 2023 2022 Bank current account Central Board of Finan deposit accounls 418 438 406 424 856 830 CREDITORS: Amounts falling due within one year Accruals 618 590 618 590 FUND DETAILS The unrestricted fund is a general reserve representing aGcumulated surpluses less deficits on the Company's main activities and represents the fund used in the on-going business of the Company.
SHARED CHURCHES (PETERBOROUGH) LIMITED NOTES TO THE ACCOUNTS (Continued) Year ended 31 Decomber 2023 TAXATION The company is a registered Gharity and, as such, is not subjecl to corporation tax. 10. CALLED-UP SHARE CAPITAL The company is limited by guarantee and, as such, has no called-up share capital. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES There were no capital commitments or contingent liabilities at 31 December 202312022.. £Nil}. 12. RELATED PARTY TRANSACTIONS There were no relatod party transactions during the year.