2025-01-31-accounts

PILGRIMS, GOSPEL CHURCH ANNUAL REPORT AND UNAUDfrED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 JANUARY 2025

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PILGRIMS. GOSPEL CHURCH CONTEf4TS Tru51ee5 report dependeffl •arnlner'5 rei Stement olfinntkn￿ positic P4otstotlftMrthl 514tw*rt5 6-11

PILGRIMS, GOSPEL CHURCH TRiISTEES REpOfff{INau￿NG DIRECTORS, REPORn FOR THE YEARENDED 31 IANUARY2025 The Trystee5 pTrsenttrlrarnual rq>tyt ￿ fv4KthlsrawnentsfOrt￿Y ty¥d 31 ￿nuary ￿z5. The fi￿￿•1 statemwts hm bew wepaed ￿ at(L¥dartt with ￿￿￿tir¥I pe5 Set wt In no i tr+ tht ffiMAciil ststernonts and carnth the 0￿￿.$ wvemlrrf dcurnenL the Chaiits arKI T￿stee Irwestrnent IScotl•ndl Art 2(￿. lh¢ Chalit￿$ Accounts Ikothndl ￿Ul•tIM$ 2￿ las amended) and "A(tovThtw¥ ind by Chartties.. Ststm•nt ol Re¢ornrnen+Jed PTafflice 4ppliuble to ch¥ities prepar1￿ Ihe accounts in actordintt Tith the finaKial Repmino kndard applicabl• ITh the UKand Rewbk of Ireknd (FPS 1021. lefkctr lJaN4ry20191. Th• thurth'5 purposei ar•.. To the •C£OYd￿ with the 5tatemrt ol Faith rfthÈAssembliESofGod. 4$ •pproyed by the General Council of the Assemblk5 01 G(Y. time to and In such ￿r[s￿l the Unlted Klrydcox. or the as the Assembty C￿n￿l from ilmeto lifftNnk fit. To rèliEW< ￿CknesS finanual hards?wp, and to preser¥• ￿ ￿1hh ty th• of funds, loods or se￿￿¢$ of any kind, Ihrty4h Ihe of r4mjn5dk￿ and support in 5uth parts oftr United KY¥dom c( the worbj as t A$5ernb￿ Council. frorn tKne lo thi￿ fft to •dWa￿ the sKh In such port5 of the Uthd Kin8dom orthe ￿)￿&¥5th￿ chwth(L￿￿1ITorn time lotin, thithfit The advlncemert ofeducatitin. thè •dvncemwrt tIMp r•Woftfrthe l• need by rea4￿ Of￿•. 11 h•alth, dtsBbillty, financial haidshlp orcthradv¥rta8e. . 20chthn rfsiian and mw¥l swdie5 onlhursdatthuth. MonlhlyYrAlth GathEriryd 25 yvJn•pewle. Pilykns. rern•irRd the mn ¥￿sor of jeev￿ J>xrthl M15sknI 4ho art uvd¥Ed in thartiy. rnbssk>n and tducatitin icrossth? three slatw ofBw. ￿"5%• I￿1 Wert •the res￿01 Indi•. . Pil¢thns partnrd W4ith KKV'S churth in sonriw the local cornffwnlty in Aberdeen City thro￿ thw"r proir4mme called'LrNe I￿erdeen'. Nearly 25% ofthe totsl sperrt on th•rity •rMI Thi55im wk as ￿ as pr￿￿dIr •KI to those Irs cv15e5. Pastois desiindted leaders to pm¥lde p•stornl prKtI￿ wrfiual •rnotk¥n￿ sUPPOrt fur the ￿ElIbeIn{0fthethurch mernbersas ll ès alfy￿ from the widtr¢ornmunrty. It is the of thE Charitythat WrfE5tiicted f￿d5 which been a ¥riht Use sknuld be malntrined t è level eqwv•￿￿ to between th￿ Ind S￿< rnonth's eXp¥￿it￿re. TN#ees ¢onsvJtr thot reser￿ it thls IL%1 will ensure that. In the event d a slinfficant in furn11￿ thty Ibill ￿ blo to fffitinue the Chritrfs eurrérrt activit￿ while on￿derI)n Is Oven to additp￿￿ hthds mtybe rased. This W of resersys has been malniain¢d thr¢yJ8hout ar. The Trustses have assessed the m4or risks to thith tr Chty is arvj we sat15fied that w•mi #re in plac• to mititats e¥powretothe maJ￿r￿k The thayity L%£ontiolled by its 5rotU5h(hartt4b* Incryiraie ISCKII.

PILGRIMS, GOSPEL CHURCH TRUSTEES REPORT (IN(IUDING DIREcroftv RÉpoAn (CONTINUEDI FOR THE YEAR£N￿O 31 JANUARY2Q25 The Trustees. wh) a￿ thrtL¥S )rthÈ pwprts* •ryl wTr¥) 5er¥ed and up ¢0 th• d•te of $1enaty￿ of theffirt1nti￿ st•ttffttntswerÈ: The TTUStees report was JFprry•Yd by the board dTrpJ5t 25 Avwst 2025

PILGRIMS, GOSPEL CHURCH INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF PILGRIMS. GOSPEL CHURCH si¥tvrth5 ofJ CfvIFKyfurttyweTrlEd 31 JODU￿2025. thlch •ft s•tOUt on pay5 4 to 11. The Chonty's Twstees. twho are atso the ol lilwms. Gospel Church tr the pwp95es cf th))pary laK e r•Spons￿e foi the prepaTrtton of the finan(lal s>trfflents acc¢¥d￿te the terms of ftharStles and Trvstet Iryestments [kot￿n￿l Act 2W5 a￿1 the Ch￿rt￿ Ac￿￿Thts Ikothndl Reiulètion5 2L￿. Tho Trurtees cmslder that the •udit reqvir￿n1 ol Rely￿110Th IOIIKal to Icl of the IcU￿111$ Rwlatx)ns PFly. r( 15 my yespx￿b1Irt¥ 10 exarnine the￿an(la1 ststefflert5 as rewY2d under xcbw 44IIKcl •4t •rtd tostste w￿r partKul•r m4trs hwe eome iory tentioh. My eyrniniryb 15 out In acccrtance Piulbn 11 of the Chafits ACCO￿r￿{S¢0￿¥rYIj ¥lation5 21J)6. A ex•rnlnotknn Include5 a re￿e￿ ol ￿ xcourrtine iectyds knpt by the £hArity athl a i)t the fln•rKlal 5taternents prexfitrd vrith tho¥e rerwth. It ind¥des r[M￿lerat￿)ft ofwy vnusv•l or disdosufes in the fiTh￿d•1 ststements, and iÈÉklw txplnitk)n5 frtsm thètrLths (anr￿￿1re3rySUth rnatters.The procdU￿$ undtrtakn do not Pr￿de all the e¥klènce that t￿Id be regul￿ •utht•nd C￿$￿Ue￿fy I do Thx eywE55 an Op￿ Lm th• ¥w 8ryen by the ffiftaM•l ststements. In conThKth?n with rny ¢marninatiO￿ M rnatterha5a￿ to rnyatterfJn.' lil ¥fv•srr• r•aW￿ble wseto bell￿ th In any rn•terW respertthe rrfulrmtrts.' to keep accwntiry recwds wth sec￿￿ 4qll lal oftho 21XIS Act ar￿ R•lu￿t￿m 4 ofthe 2W6 Accownts PWIat￿5.' aThl 1111 to wepaieftha￿lal statements4h acuwd tr Rrord5 •nd u¥nphf wbth Regulab￿a￿thI 2C￿6￿c￿ntI ul•tKIrts,' ha¥e not been met r Ibl to whfth, ry opIn￿n. anentioft sheMJbJ be drlwn to er • woper ¥ndustar#lThy of thE I￿￿n￿lI yme Accounrancy Limire 36An¢usffieldA4*Ne ax Aberdee￿hl A815 6AQ Unitsd Klnld D•ted.. 15A¥u5t 2025

PILGRIMS, GOSPEL CHURCH srATEMENT OF FINANaALACTMTIES INauDING INCOME AND EXPENDMIRE ACCOUNT FOR TME YEAR ENDED 31 JAP4UARY2025 furmts 2024 DonatKJns and leyt￿$ thafitable actNities 73.478 IS.620 IL940 Charitslth ar1￿t￿5 71588 71588 1&510 ,184 R•ca￿lI{M olfunds: Fund bal￿￿$41 l February 1024 153.692 137.508 169.202 153.692 Ihe 5talEm•nt af fir￿r￿la1 41 ktsses rewlsed In the seaf. All lrtryne •nd exper*Jirure dethe fromeontimuiry •thbtles.

PILGRIMS, GOSPEL CHURCH srATEMENfoF FINANCIAL posmoN Af31 JANUARY2025 erty plantwd ¢quwwnt 9.n4 8,389 C•sh atbank in hand 159.478 145.303 159.47B I45,￿3 169.202 153.692 Unre5trlC￿ fvnds 169.202 153.692 169.202 153.692 The (t￿paY￿SentI￿gd to the e¥zfflpknfrryD the I￿t contalned ￿ Se£tw￿4￿ CompaThesArt 2CK6. fv)r tr ￿ar￿a¢a 31 J•nuy 2025. The directcrt %kno4¢d8e th¢Y rwpOn5i￿rrtl•s for the ofthe Cornp•s Act 2[￿￿41h respect iccouniiw reco￿5 and the prepaTrtlon of finwK41 statewts. Th¢ nmbtr5 ha¥E fequ¥ed the crfflparty to • •udil ol its finwKial slattsments for the >Tar ￿ questlon In act0rdan￿ knlth sethon476. These hrwd•l 5tsments h•rt been ptep•rEd inccon14fK¢ withthe prrfftisbms *itèblt to ttsmp•ries sub￿1 to thE ¥nall ((mpan￿5 reeirne. The bnanual ststemerts were tsythÈTIuitEes￿ IsA￿$t 2025 Trusts¢

PILGRIMS, GOSPEL CHURCH NOTÉS TO THE FINANCL4LSWATEMEpirs FOR THE YEAR ENDED 31 IANUARY2025 Chafitylbkn Vilgrims. Chvrth Is a kntbth (￿li￿tile I￿1. Tr vetstered offlce IS 6 BroAddykts CreS￿n¢ Aberdeen.A8158UJ. The ststements beeth F￿p¥d in let0rd￿ Wbth th• Chwriws wrnlb¥J dottsh￿ thE Comwl•s Act 2006 the Cha￿￿e$ and Irustee lthostment1Sc(rtlandl Att 20)5. the Ch￿rt￿$ P<c¢Junts15cotkndl RÈ8ulaiitsThs 21￿, FRS 102.yhe financlèl fteFoMiryt Ststhdatd applkat4e in UK arKI Flep￿blIC of Ive￿nd. and the Charltles SORP"A[co￿Trt￿l Ind Reportkni by CharTrtles.. Ststemert of Reeammtndtd Practice WKable ta ¢haribes preparins thr accwnts in I￿Or￿n¢t wrth He[￿rtI¥l knjard ap￿kable inthè UK and Rpthkoftrel¥xl IFRS 1021" The thirity is Public aerfit Enllty as defkned by FRS 102_ Th st•temerts are prEpwed in tthlth isthe Curr￿ Owrity. K4or•etsry amLwrbts in fknèndal ststement¥ rwrwjed rwo5t £. of Ffeew s¥owtiÈs •nd to indude inwastmont proport5 and cvtskn funo41 i￿llUMents * f•lr value). The wincipal accountinc p￿￿e$¥doPted ¥e Set out beb 1.2 Golnccaneern At thE tkne of •pwo¥Y tt the Trwthes a rnisonablÈ •cllon that thp Ch¥ity has dequ•ts fe$trJr￿3 to continue In operatona eWIen¢etr￿ fortmeable fuknxe. Thu5 the Trusteescontinue to adopt 1.3 charftt1￿+Ithds Unre5tri(ted fund5 are wH￿tlefOru¥e * thethcyetknof the Tntsteos ifi furthvanceof thelr chartubbÈebkclK5. Restrictsd funds are sufyectts sperifK by donws LYW￿l(￿s05 EO thtyw be used. Tr pwpose5 uses olthe (estrted funds are 5tt&rt in the notesto fvfirnorvalstatwnents. End9￿￿nt￿rKl￿W? wbftrttVSFdfi¢(£￿S bydoMYsth•ttht<Jwtsl rnwstbe malnt•hd fythE Charity. IA Incryne IrKome is thE Charity 15 Wty enthd to fjt •fter pwfNminte been rneL the amurtscan be Me￿￿red ¥J it s wobableth i1￿¢ be re¢eW. C•sh Ire rewL Other dL￿atiO￿ are recaosed the Chority been I￿￿fied tsf tht )￿3￿￿. unle55 wndition5 require delefral d the In¢omE tsx remrle to dofi811¢7ns reee4¥d under crdeed5 of co¥enart 15 ro￿￿¥sed limÈofthe doNtio Lopdqs arq rAcCn15￿ on or otiThwse 11 the Chaffty btn notifrf of an lrnpendir* dlstr1butv￿. i5 knry•n, and recelpt vsexwted. Ifthe arntyjnt Is krthn. tho IÈpty istreated as a com1ry￿1 asset.

PILGRIMS, GOSPEL CHURCH NOTES TO THE FINANaALSTATEMENTS (coiifwuED) fOR THE YEAREhlDED 31 JAIIUARY2025 I￿￿tI￿Pu1kl5 Expe•dtture ts rtCO8rised onct thtrt 15 1 leyl orconstnKb¥e obliytiw to tr•nsfer e£cwKmic benefit to a thiTrt ￿rty. it is prthble that è trnnsfer ol econ&￿1£ ts￿efits be Aquirtd in 5ettlemert and the amwrt Ofthe a￿1$￿tth tan be rnea5uRd reliabl¥ Expendtture Is dasthd a(ri￿ty. The costs ol exh ￿1￿￿ty•t made up ofts t(tsl of o)sts shvtd tost¥. suppryt costs undertlry eath aeU¥lty. Dkeci costs att￿￿table to a •re aN¢x•tsd diretUv to that thty. Sh¥ed costs wlm.ch (onirityAo io more than 5upm costs whkh are 4ttributsble tQ 4 appwticfftd bet¥Atn ￿)St a basi5 conw5tenttrith the use of resources. Ctntral staff costs are all￿¥t￿ basis of time 5Frt depfe(iK)Th d4ryesart allocated w the portion of t ass￿,$ use. L6 Pruporty. plartt Property. ptsnt and equipment are Inltklty measured at to# •rAI subsw•thT Inea5￿ at cost or of dekyeoèilw •rty irnpairmeni losses. Cwredatlon15 recwtsed so as to twrfte off or v4ukn thl issets k$5 Vlr wod￿[ walLS ovef thèk usefvl on Ihe A)11044ang bases.. PlantaThd e•ffie CtNTrputtts 25￿ c05t or k)ss ¥Wn¢ ￿ the dlypD5¥ of •D •sset ts deternid as the ¢lffererKe b¢twi th• I￿1 the t￿r￿vaUg offv •nd1s rwised int￿11•1¢￿nI rAffin•n(W •Cb¥ities. At each rnporbn6 d•te. ￿rity (arryiw amfxynts gf its assets to determkne whether there is any imdiotw that those è55ets SU￿red an iM￿rMent kiss. IF ary wjth ihdKation the recrr4eYaNe •mountofthÈast Is ¢stkn4tEd kn othitsdetermlwJ oxlwrtofihe knpaknieni10ss Ilt￿l. C•sh ind ush equpialert5 ush In deM)gts ￿ld èt tsll %•ith bbn&5. othw Jhryt-terrn ifftstmer¥ TP4lth maturft5 of thro• months cr kn. and bank tyrdrkn. Bank (Nerdrnfts are shtvAn wrthin bormwin6s In twrent li•bilitf5. Basit fir￿￿(1d1 a53Et5. whlch inrlude trade Ind other Trreiv•b5 ￿5h •nd bank balan￿$. are Intl•lly melsured al tra￿atrio￿ prÈ tMsartion coAs subsewenty at •mortised eost uiir the effect￿￿ interest method unless the air•rqement toistitutes a fir4ncwy whtrt th• transactk?n is measured •t the present YAlue of fuiure recelpts d55CWDtsd at a rr4r*et Me of Intere#. Ftsuntial I￿•1$ dlwfied as recdvabke one ve•rore a}Thxt￿ed.

PILGRIMS, GOSPEL CHURCH NOTES TO THE ANANCIALsfATEMENTS (CONTINUED) FOR THE YEAR ENDED31 JANUAftY2025 Oasle ffinanoal habi￿￿$. inthjdiwrf tr¥Jt ￿ tsthtv ptydblt5 and bank lo•n5 are wised at tr•n5aCtk?n prke unless the ¥nngement constitutes a thd•btlnstrument rneasured atthe prE5ent of the future payments diThnted ￿ a rats of intsresl Fin•wl li1￿￿tIeS da5￿fied as payaL4e ttno ytar TAdE PIYa￿e5 afE oW4qatKW to wy fr8oods LY5or¥fice% that htye lwirtd ￿ the wdin•ry cgJrse of0peraknL￿s from svpplievs. Amowrnts wabl• a1•das￿t￿d as currant liabllits Mpa¥rnent is due ithin one year or le55. If ￿¢theY art presented •$ r￿￿¥￿rent &abl1t￿. Tr￿ po¥ab￿S are reco￿￿ I￿allY ￿ tran￿￿1t￿ prKe and subsequent rneasLml at4rnryty¥ed ¢95tU>1￿ ¢ffEthtirtereAffth)d. Flnaneol liabiltes art de¥éwfiised whtn the Owirf¥ rontrnth•l or •rÈdischllrsed or r￿Cel￿d. 1.9 Ethpltr+eb& The tost of4ry￿￿Sed hDlIdryentrtkn￿ ￿ v•co8nwl kn trpErltyJ i•wWithe enw10￿.% 5u¥kes •rereutr4ed. terminatethe empknntnt of ￿ery1￿￿e orto Iwminat¥￿ b•Efits. 1.10 Ralremem benefits •ssurnptK)ns al￿1 the farryfjw amount of atsets athj liabdiliEs that rnt app•￿nI fvom other sourtts. The •stn•tes and associèted assump￿ art based on eXper1er￿ a￿1 other facttys that art tOri￿red to be r•lvant. Actuil res￿￿ rnrydthrfran these esti)u. The e5tim•tes arKI •55urWn5 ￿ re45e*d ￿ 40 ￿1. RÈvlsKYbS to 4r£0￿11￿ estlmatss rÈth8rwsed in the pefiod in which the esbfflatr is re4tsed ¥#here the •ffert5 or4y that orifv the ptriod of the m4si¢n •nd fvlur¢ pwl¢45 whtrE Iht affErts both current ￿ fvture periods. fvnd5 ds Oon•tsons 71478

PILGRIMS, GOSPEL CHURCH NOTES TO THE FINANCIALSTATEMENTS (coMn14UEDJ FOR THE YEAR ENDED 31 IANUARY2025 fvnds Othr Mit¢m• 15.620 IL940 2025 2014 Staff cwts Dep￿(thU0n Impalrmeni Puth5 16.891 16.200 5.196 InsU￿nce Sundry Mlnlstrysukwt Glfts Trtl 355 667 21353 7.21YI 619 L972 &400 1845 4.250 711 35.428 6n L451 8.400 2.797 Repalrs Donati¢JTh Inlernet 606 73.588 76.364 &lnWs UnrestYKteJ lund5 71588 76J64 2024 Fees payable forth independEntoxarniniDnof tl th¥itVsfm•rwl st•temwts Dtpreciltitin of plant ar¥lequipment 5.196 The T￿￿ee5 lor arty persons Con￿rted ￿ Iheml r•tW £lQ266 rerwneratson ènd no ber*ffts the Charbty

PILGRIMS, GOSPEL CHURCH NOTES TO THE FINANa4LSTATEMENTS ICONTIMUED) FOR THE YEARENDED 31 JANUARY2025 The er4e mrybtNywiber0fernp￿j•YtSd¥rf1Ythe￿WA9'. 2014 Wales and sata Other pension cosrs 1&266 625 16.21XJ 16.200 Tfustte Salar￿$10 Tmatt Tht thrityi5a2rytfrryn t4x4tionrm btsathlbesbec•Jse all ￿apP￿ed kncharil•We pwposes. 10 At l Fe￿ 2024 Addit*￿$ 32 80lS 2fv41 I1￿73 8,OL5 31 Janu¥y 2025 27.647 2,041 29.688 At l Febnjary Z024 0ewedati￿)th1ry¢d in the 12.304 170 13.284 6.680 510 At31 2025 JI474 19.964 Al 31 J•nu8ry 1025 9.173 551 9.724 At31Jarwary 2024 7.328 8J89 10-

PILGRIMS, GOSPEL CHURCH NOTES TO THE FINANaAL STATEMENTS ICONTINUED) FOR niE YEARENDED 31 JAPIUARY2025 2015 2014 (h•ryeto profitor10551n yes￿rtOIde1tr￿d¢OrthUkn ￿h￿rneS 625 The ChArity operates J Co￿1￿rt￿n penstffj s¢frme for al empltyfte assets ofthÈ 5thwne htld sep￿telY From ihose Of￿ kthiendeffttsadm￿l5tered fvTrJ. The unrestricted fundsofthe th•iity¢omprtstthe unewded bl￿n￿5 ofthjnatjons yantswthlth are Thjt subiett tospeaft coNJitiMs by thJThxsarKI yantors asto the¥ may be used.These irdudede5iin•red fuTrJs whlch ha le50￿¢5 At31 J•ftu•y General f .691 1715B81 169.202 At31 ￿NI1￿¥ G￿•￿1 funds lJ7.$08 Y8 176,3641 153.692 The￿¥¢ N><b¢kns•blE reloted partyinn5Kllon5dwy the yw11024.m¢Th*l. 11