PETROS TRUST
1048273
Trustees
Peter JR Caldwell Wendy Caldwell Helen R Hotchkiss
Charity Address
1 Dorfold Way Upton Chester CH2 1QS
Bankers
Barclays, Mostyn Street, Llandudno LL30 2SH
Report of the trustees for year ending 31[st] December 2023
This Charity is constituted under a Deed dated 17[th] July 1995. It does not actively fundraise but receives donations from a number of regular donors.
The Trust had an income of £31,193 in the year. The Charity does not have any capital assets or endowments, nor does it have any long-term commitments beyond one year. The Trustees ensure the income is used for the relevant charitable purposes. In accordance with Charity Commission guidance it seeks to have reserves of 25% of annual expenditure.
The Trustees seek to have a personal knowledge of the projects supported, which guides the grant-making process. Each project is reviewed annually for compliance with the Trust’s aims and Commission guidance. The income and expenditure is somewhat lower than the previous year.
Grant making
Grants made during the year amounted to £25,725. These included support for Christian mission and relief agencies working outside the UK; grants were also made to churches, Christian workers and Christian youth projects within the UK.
Public beneft
The Trustees have referred to the guidance on public benefit when planning present and future activities and setting grant-making policies for the year. The Charity does not carry out any charitable activities but chooses to work with partner charities and organisations to achieve its aims. The effectiveness of each grant is evaluated, including reference to safeguarding, which guides decisions on whether to make further grants available. Two Trustees hold enhanced DBS certificates.
Risk management
The Trustees have considered any major risks to which the Charity may be exposed and have reviewed the procedures to manage those risks. The Trustees are not aware of any attempted fraud or theft during the year.
Approved by the Trustees on 8[th] June 2025. Helen Hotchkiss, Trustee.
PETROS TRUST
1048273
,
Accounts 2023
INCOME
| Restricted | 520 |
|---|---|
| Unrestricted | 24000 |
| Gift Aid Received | 6673 |
| Total | 31193 |
EXPENDITURE
| Restricted Grants | 2175 |
|---|---|
| Unrestricted Grants | 23550 |
| BankCharges | Nil |
| Admin costs | Nil |
| Total | 25725 |
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Excess income over expenditure 5468
BANK BALANCES
| 1°January2023 | 20983 |
|---|---|
| 31%' December2023 | 26451 |
| Cashincrease | 5468 |
There were no outstanding debts or expenditure at the end of the year. No Trustee expenses or remuneration were paid.
HK Hobleli st
Helen Hotchkiss (Trustee)
8" June 2025
Independent Examiner’s Report to the Trustees of the Petros Trust (1048273)
| report to the trustees on my examination of the accounts of the Petros Trust (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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The accounts do not accord with those records.
| 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 orderto enable a proper understanding of the accounts to be reached.
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pudies Los1
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Andrew Yeo (ACA)
4 Longmoor Close Finchampstead Wokingham RG40 4DZ
7 June 2025