DAYSPRING CHRISTIAN TRUST REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023 CHARITY CoMMk8sK)N No: 1053194 DAYSPRING CHRISTIAN TRUST Financial Statements for the Year 31 March 2023 CONTENTS PAGE Trustees Report Independent Examiners, Report Receipts & Payments Account Balance Sheet Notes to Accourrts DAYSPRING CHRISTIAN TRUST TRUSTEES, REPORT The Trustees present their report and the financial statements for the year ended 31 March 2023. Statement of Trustees. Res nsibilit￿S Charity law requir8S the Trustees to prepare financial statement for each financial year which give a true and fair view of the state of affairs of the Dayspring Chnsknan Twst and of the income and expenditure of the Trust for that year. In preparing those financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently: make judgements and estimates that are reasonable and prudent. follow applicable acxounting 8tarKlards, subject to any material departures disclosed and explained in th8 financial statements. prepare the financial statements on the going ￿nCern basis unless it is inappropriate to presume that the Trust Yiill continue in operation. The Trustees are responsible for maintaining proper accounting record$ vthich disclose with reasonable accuracy at any time the finan¢ial posrtion of ￿ Dayspring Christian Trust and enablè them to ensure that the financial statements comply wrth relevant law. Th8y a￿ also responsible for safeguarding the assets of the charity and hence for taking reasonable step8 for the prevention and detection of fraud and other irregulartlies. A8OUTTHE CHARITY Deed of TNst dated 1 Awust 1987 established the Chanty. It is a registered chanty.. Number 1053194. Administrative Addr888'. Leathe8 Cottage. Borrthvdale. Keswick , Cumbria CA12 5UY AIMS OF THE CHARITY The objeds of the charty are to KY￿￿Ote and en￿)Urage the Chnstian faith. TRUSTEES The Trustees during the year were.. David Young David Ryan Eric Proudfoot Recommendations for new Trustees can te received from any existing Trustees and will only be ratified by unanimous agfeement. DAYSPRING CHRISTIAN TRUST REWEW OF ThE YEAR AND Fl￿uRE DEVELOPMENTS The purpose of the chanty is to promote and enc(￿rage the Christian faiih. During the year under review, the Trustees, have fulfilled these objectives in two ways. Fi￿tly, expenditure is incurred that promotes and encourages Christs'an v40rk both at home and overseas. Secondly, the Trust has employed individuals for secondment to Christian work. These secondments are for various mission projects including advancing th8 Christian faith, medical related work and the provision of Chr￿tIan literature. The Trust has also given financial support to retired Christian workers. Grants are sought for these areas of ministry arwj are e%8entially restri(aed funds for the purposes for whith they are given. The Trust will continue in this work in tt* future and will develop as opportunity for projects arise and funding is available. The Trustees monitor ongoing projects. PROFESSIONAL ADVISORS Bankers Cumberland Building Society Cumberfand House Cooper Way Parkhouse Carlisle CA3 OJF FUNDS The funds of the Charrty total £197,367 and are wedominately resthttsl to the 8UPPOrt of the indNiduals and organisations for which they have been donated. The Trustees, confinn that the Charty's assets are available and adequate to fulfil the obligations of the Chanty. DAYSPRING CHRISTIAN TRUST Public Benefit Statement During the yearthe Trustees hav8 consid8red th8 public b8n8frt guidance i68ued by the Charity Commission together wrth the supplemental guidance on the appliGation of the public benefrt test to charrties whose aims include advancing religion. The Trustees are aware of their legal duty lo have regard to the public benefit guidan￿ and to report on this Charity's ¢omplian¢e with the public benefft obligation. The grants and secondments made by the Trust rxovide encouragement in the Christlan falth by providing resources and expertise which would otherwse not be available to the b8nèfician8s. This includes wothng wth other chariti'es wrth Christian objectiV8s working in the fields of mission. RISK MANA The Trustees seek to identfy the major risks to N*thich the Dayspring Christian Trust is exposed. These are reViev￿1 and monitored by the Trustees and appropriate record and controls are maintained to mrtigat8 risk areas. GRANT MAKING POLICY As explained in the 'Review of the Year, the OLrtworking of the Aims of the Chanty is to womote and encourage the Christian farth. Dunng the peri<)d covered by this report, almost all incoming resources were restricted funds to that end. David Ryan on l￿half of the Trustees 20th January 2024 DAYSPRING CHRISTIAN TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAYSPRING CHRISTIAN TRUST I report on the acGounts of the Trust for the year ended 31 March 2023. which are set out on the attached pages. Re ve Res nsibilrties of Trustees and Examin The charity's trustees are responsible for the preparation of the accounts. The chanty's truste8s consid8r that an audit is not required for this year under section 144 of the Charities Act 2011 nhe Chanties Acr) and that an independent examination is needed. It 18 my responsibility to- èxamine the accounts under seth'on 145 of the Charities Act. to follow the procedures laKJ down in the general Directions given by the Charity Commission (under section 145{5){b) of the Charrties AGt, and to stste whether particular matters have come to my attents'on 881 of Inde ndent Exami My examination was carried out in accordance wtth general Directions given by the Charity Commission. An 8xarninalion includes a review of the accounting records kept by th8 charity and a comparison of the a¢¢ounts preserrted with thos8 records. It also includes consideration of any unusual items or disclosures in the a¢¢ounts, and seeking explanations from the trustees COn￿ming any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit. and consequèntly no opinion is given as to whether the accounts present a 'true and fairf view and the report is limrted to those matters set out in the statement below. In minerfs Stateme I have completed my examination. I confim that no material matters have com8 to my attentlon in connection with the examination which gives me cause to believe that in, any malenal respect.. accounting ￿cordS were not kept in accordance wrth section 130 of the Act or the accounts do not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts set oul in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which rs not a matter considered as part of an independent examination. I have no concems and have come a￿0$$ no other matters in connedion with the examination to which attention shoukl be drawn in order to enable a proper understanding of the accounts to be reached. Richard D Jaques 8 Craw Park Brampton CA8 1UZ 20 January 2024 DAYSPRING CHRISTIAN TRUST RECEIPTS AND PAYMENTS Accoup¥r FOR THE YEAR ENDED 31 March 2023 Year to 31.3.2023 Year to 31.3.2022 RE EIPT Donations Tax reclaimed Inlerest received 22.123 2,485 1,873 26,350 690 Sale of investments 28,481 27,040 AY Charitabl8 Activities - Granls Charitable Activities- Personnel & Retired 6,979 31.308 5,465 13,868 Administration Expen888 Govemance Costs Bank Charges Investments purch88ed 41 41 38,328 19,374 NET OF RE S LESS PAYM (11,847) 7,666 8ank balances brought Forward 146,900 139,234 Bank balances carried Forward 135,053 146,900 DAYSPRING CHRISTIAN TRUST Assets and Liabilities as at 31 March 2023 2023 2022 INVESTMENTS Units in Sarasin Climate Active Endowment Fund (Class A Acc) 24.818 26,152 Units in Sarasin Endowment Fund (Class A Acc) 37.496 39,217 RRENT ASSETS Cash at Bank 135,053 148,900 TALF ND 197,367 212,289 Restricted Fund8 Unrestricted Funds 188,445 8,922 205,479 6,790 Totsl Funds 197,367 212,269 Approved on 20th January 2024 Signed on behatf of the Trust David Ryan - Trustee DAYSPRING CHRISTIAN TRUST NOTES TO ACCOUNTS FOR THE YEAR ENDED 31 March 2023 TRUSTEES. EXPENSES There were no expenses r8imbursed to Tnjstees during the year (2022- £NIL). EMPLOYEE The Trust employed two staff during the year (2022 - Iwo).