Registered charity number 271026 Company registration number 01240449 SHARED CHURCHES (PETERBOROUGH) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2024 SHARED CHURCHES IPETERBOROUGHI LIMITED Report of the Members of the Councll For the year ended 31 December 2024 The Members of the Council have pleasure in presenting their report and the financial statements for the year ended 31 December 2024. The Members of the Council have adopted the provisions of the Slalemenl of Recommended Practice ISORPI 'Accounling and Reporting by Charities" IFRS 1021 in preparing the annual report and financial slalemenls of the charity. The financial slalemenls have been prepared in accordance with the accounting policies sel out in notes lo the accounts and Comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Sialemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland published in October 2019. STRUCTURE GOVERNANCE AND MANAGEMENT Shared Churches (Peterboroughl Limited is a company limited by Guarantèe, company registration number 01240449 and registered with the Charity Commission, charity registration nurnber 271026. The company is governed by the provisions contained within the Memorandum and Articles of Association. These were changed during 2009 through the Company passing a Written Resolution in a¢cordanGe with the Companies Act 2006. The registered office of the Company is.. The Diocesan Office The Palace Pelerborough PE1 1Y8 The Sharing of Church Buildings Act 1969 makes provision for the making of sharing agreements between linter alia} the Church of England and the Roman Catholic Church for Ihe sharing by them of Church buildings. A sharing agreement was made on 20 April 1978 betrween the Pelerborough Diocesan Board of Finance, the Incumbent of Brelton Ecclesiastical Parish, the Northampton Roman Catholic Trustee and Shared Churches {Pelerboroughl Limited. The changes in the Memorandum 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 8 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 erileria are being mel within the objeolives and a¢livilies of the charity. The objective of the company is to 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 8dminislering a shared church on behalf of the Anglican DI0￿Se of Pelerborough and the Roman Catholic Diocese of East Anglia in the Cressel Cenlre, Pelerborough. In 2008 the Roman Catholic congregation withdrew from the church and currently il is only used by a Church of England congregation. The Church building is leased on a 999 year lease from 1978. SHARED CHURCHES IPETERBOROUGHI LIMITED Report ofthe Members of the Council For the ygar endèd 31 December 2024 FINANCIAL REVIEWAND RESERVES POLICY The financial position of the Company al 31 Decernber 2024 is considered salisfaclory and there was no nel Inovemenl during the year. The Members of the Council are aware that the charity is dependent upon donaled income and in view of this feel that expenditure has lo be carefully monitored lo ensure conlinuily of operations. The reserves of the charity at 31 December 2024 were £68,046 and this is considered sufficient by the Members of the Council. ACHIEVEMENTS AND PERFORMANCE The rèsults for the year are shown in the Sialemenl of Financial Activities on page 5. The Member5 of the Council of the charity are satisfied the charity's objects have been achieved and are satisfied with ils 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 Changes in fixed assets during the year. MEMBERS OF THE COUNCIL The Members of the Council during the year were.. Mr M Clements The Rev'd Helena del Pino Mr A Roberts Mr P Berryman The Rev'd Jackie Bullen The Venerable Alison Booker The power to appoint new Member5 of the Council is vested in the existing Members of the Council. When new Mefflbers of thè Council are appointed they are given an overview of the Charity and an outline of both ils operational and financial aclivilies. New Members of the Council are soleeled in order lo gain benefit from their skills and experience, lo 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 oapilal. Members of Council may derive no benefit or income from or have any capital interest in the company's financial affairs. TAXATION STATU The company is a registered charity and, as such. is not liable lo Corporalion Tax. SHARED CHURCHES IPETERBOROUGHI LIMITED Report of the Member5 of the Council For the year ended 31 December 2024 RESPONSIBILITIES OF THE MEMBERS OF THE COUNCIL The member5 of the council (who are also the directors for the purposes of Company lawl are 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 (Uniled Kingdo Generally Accepted Accounting Praclicel. Company law requires the members of the council to prepare financial slalemenls for each financial year. Under company law the members of the Council musl not approve the financial slalemenls unless they are satisfied that they 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 expenditure, of the charitable company for that period. In preparing these financial slalemèn15, the members of the council are required lo.. select suitable accounting policies and Ihen apply them consislenlly., observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and eslimales that are reasonable and prudent,. prepare the financial slalemenls on a going concern basis unless il is inappropriale lo presume Ihal the company will continue in operation. The members of the council are responsible lor keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable comp8ny and enable them lo ensure that the financial 51alemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for iaking reasonable steps for the prevention and detection of fraud and other irregularities. Signed by order of the Council (.i/ Andrew Roberts Approved by the board on 12 Z? INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE COUNCIL OF THE SHARED CHURCHES IPETERBOROUGHI LIMITED I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 De￿mber 2024 which are sel out on pages 5 10 9. RESPONSIBILITIES AND BASIS OF REPORT As the charity Iruslees of the company land also ils 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 are 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 20111'lhe 2011 Acl'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 cornpleled my examination. I confirm that no mallers have corlle 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 requiremenl that the accourils give a 'lrue and fair view, which is not a maller considered as part of an independent exarllinalion.. or the accounts have nol been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in 8ccordanGe with the Financial Reporting Standard applicable in the UK and Republic of Irelarid IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in Order lo enable a proper understanding of the accounts lo be reached. K M Hilliard ACA FCCA CTA Inslilule ol Chartered Accounlanls in England and Wales Price 8ailoy LLP 36 Tyndall Court Commerce Road Lynchwood Pelerborough PE2 6LR SHARED CHURCHES IPETERBOROUGHI LIMITED STATEMENT OF FINANCIAL ACTIVITIES {Including Income & Expenditure Account) For the yoar ended 31 December 2024 TOTAL 2024 TOTAL 2023 INCOMING RESOURCES Donations towards Operational Expenses Anglican Church of The Holy Spirit Pelerborough Diocesan Board of Finance 18,438 32,772 49,210 10,521 32,961 43,482 Income from Investments Other income Deposit account interest 12 19 23 TOTAL INCOMING RESOURCES 49,234 43,513 RESOURCES USED Operational Expenses Common Servi￿ charge Business rates Heal & Light Water Insurance Bank Charge Audit Fee 30,770 1,354 13,746 1,514 1.178 36 648 49,247 27,221 832 12,771 1,015 1,025 646 43,510 TOTAL RESOURCES USED 49,247 43.510 NET MOVEMENT IN FUNDS {13) Balances Blfwd at 1 January 2024 BALANCES CARRIED FORWARD AT 31 DECEMBER 2024 68,059 68,056 68,046 68,059 SHARED CHURCHES IPETERBOROUGHI LIMITED BALANCE SHEET 35 at 31 December 2024 Ntste 2024 2023 FIXED ASSErs Tangible assets 67.816 67.816 CURRENT ASSETS Debtors Cash al bank and in hand 843 856 848 861 CREDITORS.. Amounts fallSng due within one year 618 618 NET CURRENT ASSETS 230 243 NET ASSETS 68.046 68,059 FUNDS Unrestdcted 68.046 68.059 68,046 68,059 For the year ending 31 December 2024 the company was entitled to exernplion from audit under section 477 of the Companies Act 2006 relating lo small companies. Director's Responsibilitie5'. The members have not required the company to obtain an audit ol its accounts for the year in question in accordan￿ wth section 476.. The directors acknowledge their responsibilities lor complying with the requirements ol the Act th ￿SpeCt lo aCr￿UntIng records and the preparation of a¢counls. The accounts were approved by the Council on 13 202? Andrew Roberts The Revd Helena del Pino Signed on behalf of the member5 of the Council The aCCompan5￿r0 notes form part of these a¢￿unIs. CompanyRegi5tration Number 01240449 SHARED CHURCHES (PETERBOROUGH} LIMITED NOTES TO THE ACCOUNTS Year ended 31 December 2024 ACCOUNTING POLICIES Basis of Preparation of the Accounts The charity conslitules a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practi￿. The charity does not include a cash flow slat8ment on the grounds that it is applying FRS 102 Section 1 A. The f5nancial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional urrency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied lo all years presented unless otherwise slated. Income Inoome is accounted for an accruals basis. Fixed assets Fixtures, fittings and office equipment - expenditure is wrillen off in the year in which it is incurred. Depreciation - no depreciation is provided on the leasehold property on the grounds that it would be immaterial. COUNCIL MEMBERS. EMOLUMENTS None ofthe members of the Council has received any emolumenls or expenses from the company for services performed. EMPLOYEE INFORMATION There are no paid employees of the cornpany. The average number of persons (including directors) employed by the company during the year was 6 {2023- 6}. SHARED CHURCHES {PETERBOROUGH) LIMITED NOTES TO THE ACCOUNTS {Continuedl Year ended 31 December 2024 TANGIBLE FIXED ASSETS Leasehold Premises Cost At 1 January and 31 De￿mber 2024 67,816 De reGialion At 1 January and 31 De￿mber 2024 Net book value At 31 December 2023 and 2024 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 18ase from 1978. DEBTORS: 2024 2023 Prepayments & Accrued income Debtors represent amounts receivable within one year. CASH AT BANK AND IN HAND 2024 2023 Bank current account Central Board of Finan￿ deposit accounts 382 461 418 438 843 856 CREDITORS: Amounts falling due within one year Accruals 618 618 618 618 SHARED CHURCHES (PETERBOROUGH) LIMITED NOTES TO THE ACCOUNTS {Continued) Year ended 31 December 2024 FUND DETAILS The unrestricled fund is a general reserve representing accumulaled surpluses less deficits on the Company's main activities and represents the fund us6d in the on-going business of the Company. TAXATION The company is a registered charity and, as such, is not subject lo 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 202412023.. £Nil}. 12. RELATED PARTY TRANSACTIONS There were no related party transactions during the year.