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← Gospel Partners Trust

2024-12-31-accounts

Gospel Partners Trust

Charity No. 1097301

Annual Report and Accounts

for the year ended 31 December 2024

Gospel Partners Trust Annual Report and Accounts For the year ended 31 December 2024

CONTENTS

CONTENTS
Pages
Legal and Administrative Information 1
Annual Report 2 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 - 14

Gospel Partners Trust

Legal and Administrative Information For the year ended 31 December 2024

Trustees

Kyla Malcolm Treasurer Brian O'Donoghue Secretary Simon Pilcher Chairman The Reverend Carrie Sandom

Principal address

St Helen's Church Office, Great St Helens London EC3A 6AT

Charity registration number

1097301

Website

www.gospelpartnerstrust.org

Independent Examiner

Richard Hill, FCA Griffin Stone Moscrop & Co. 21-27 Lamb's Conduit Street London WC1N 3GS

Page 1

Annual Report of the Trustees For the year ended 31 December 2024

Gospel Partners Trust

Structure, governance and management

Legal constitution

Gospel Partners Trust, St Helen's Church Office, Great St Helens, London EC3A 6AT is registered with the Charity Commission (No. 1097301) and constituted by a declaration of trust dated 28 March 2003.

Trustees

Kyla Malcolm Treasurer Brian O'Donoghue Secretary Simon Pilcher Chairman The Reverend Carrie Sandom

The deeds of the Trust call for a minimum of three Trustees to be in office at any one time. All Trustees are required to sign assent to the Trust's articles of faith on appointment and annually thereafter. Trustees are appointed for their broad knowledge of the needs of gospel workers in the UK and the requirements for their training. They currently comprise a businessman, an economist, a church network director and an ordained minister who is involved in gospel training. Trustees serve for a maximum of five years before they are required to be re-elected.

Organisation and risk management

The Trustees meet around four times per year to discuss possible grants and progress with existing beneficiaries of the Trust. Applications are circulated before the Trustees' meetings and Trustees are encouraged to supplement this information with additional enquiries. Most funding decisions are made at these meetings, although occasionally, pending further information or references, a delayed decision may be made by two or more of the Trustees outside of the normal meetings.

The Trustees have considered the major strategic, financial and operational risks which the Trust faces and confirm that, through regular Trustees' meetings and other reviews, necessary steps have been, or are being, taken to lessen these risks.

Objectives and activities

Object of the Trust

The object of the Trust is the furtherance of the Christian Faith in the United Kingdom and overseas with special emphasis on:

and to this end the co-operation of financial and other support for these ministries and workers so that those wishing to commit resources may work in gospel partnership with those needing the help of such resources.

Donations into general funds

From 2009, the Trustees have implemented a policy of only accepting donations into general funds. The Trustees welcome insights and information from gospel partners about worthy people and projects to support.

Grant making policy

The Trust always aims to make grants to supplement other sources of funding for claimants. It also aims to create a partnership with each beneficiary that goes beyond financial giving. There is a clear application procedure (detailed on the Trust's website) and outside advice and references are always sought. The Trust aims to avoid being the sole source of funding for any applicant and generally will not extend promises of financing beyond one year.

Page 2

Annual Report of the Trustees For the year ended 31 December 2024 (cont.)

Gospel Partners Trust

Public benefit

In producing their assessment of the benefit to the public provided by the Trust, the Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

The Trustees are keen to enable ministry among those who cannot afford to pay for it, and also in pioneer situations where there is no established congregation to pay for the ministry. The Trustees believe that the grants given are an investment in the future; those trained for ministry will give many years of service to their congregations, and the seed capital invested in new ministries will, God willing, help sustainable ministries to be established for years to come.

Achievements in the year

Grants made in the year increased by £91,250 or 41% compared to the level in 2023.

Grants payable comprised: 2024 2023
Number Total Number Total
of grants £ of grants £
Grants to gospel people in training
Pre-college 41 76,500 30 53,500
Theological college 57 137,700 44 90,950
Grants for gospel projects 214,200 144,450
Ministry initiatives 35 102,000 27 80,500
Total grants 133 316,200 101 224,950

Further details of grants payable are given in note 3 to the accounts.

The Trustees are very grateful to the gospel partners who have contributed generously to the Trust in the year. Total donations received in the year and available for grant making in accordance with the Trust's object were £390,878 (2023: £327,359), representing a significant increase of £63,519 or 19%.

The Trustees have continued to see high quality applications for funding, and receive very positive feedback from people and projects the Trust has supported previously, as well as repeat applications for grants.

Financial review

The net increase in resources for the year was £71,178 (2023: net increase of £98,263), and the total funds carried forward were £284,349 (2023: £213,171).

At the end of 2024, grants of £3,000 had been provisionally approved, with potential repeat funding of £285,000, making the total of anticipated grants £288,000 (see note 9), which would reduce the total funds of £284,249 (2023: £213,171) to a deficit of £3,751 (2023: a surplus of £3,771). Experience shows that a significant amount of potential repeat funding will not actually be needed or supported for a variety of reasons.

Page 3

Gospel Partners Trust

Annual Report of the Trustees For the year ended 31 December 2024 (cont.)

Reserves policy

The Trustees have considered the Trust's needs for reserves in line with the guidance issued by the Charity Commission. It is their intention to pay out grants as cash is available, and to review applications for grants in line with unallocated funds, making awards in accordance with the Trust's object when possible. For this reason, besides keeping prudent cash reserves up to £20,000 for a short period beyond the normal grant making cycle, the Trustees aim to run the Trust with a low level of ongoing uncommitted reserves. Reserves at the end of 2024 were well above the usual level reflecting generous donations in 2023 and 2024.

Plans for the future

The number of applications to the Trust is expected to rise in the future due to the income squeeze that many are experiencing at this time. Potential changes within the Church of England may lead to an increase in grant requests if college students switch to independent training and away from funded ordination training, but uncertainty around this may be delaying some from training and therefore reduce applications in the short-term. The Trustees earnestly hope and pray that they will be able to identify additional sources of income so that they are able to increase their support for gospel people and gospel projects at this time.

Trustees' responsibilities in relation to the accounts

The Trustees are responsible for preparing their Annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 13 October 2025 and signed on their behalf by:

Simon Pilcher Chairman

Page 4

Gospel Partners Trust

Independent Examiner's Report to the Trustees of Gospel Partners Trust

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 6 to 14.

Responsibilities and basis of report

As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I can 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:

I 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 order to enable a proper understanding of the accounts to be reached.

Use of this report

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees, as a body, for my work or for this report.

21-27 Lamb's Conduit Street London WC1N 3GS Dated: 16 October 2025

Richard Hill, FCA For and on behalf of Griffin Stone Moscrop & Co. Chartered Accountants

Page 5

Gospel Partners Trust

Statement of Financial Activities For the year ended 31 December 2024

2024 2023
Unrestricted Total Total
funds funds funds
General Designated
funds funds
Notes £ £ £ £
INCOME FROM:
Donations
2		 381,659 9,219 390,878 327,359
Bank interest 2,456 - 2,456 1,413
Interest on Gift Aid repayments 153 - 153 56
Total income 384,268 9,219 393,487 328,828
EXPENDITURE ON:
Charitable activities
Grant making
Pre-college
Theological college		 (76,500)
(137,700)		 -
-		 (76,500)
(137,700)		 (53,500)
(90,950)
Grants to gospel people in training (214,200) - (214,200) (144,450)
Grants for gospel projects (102,000) - (102,000) (80,500)
Cost of grant making
3
Governance and support costs
4		 (316,200)
-		 -
(6,209)		 (316,200)
(6,209)		 (224,950)
(5,615)
Total cost of charitable activities (316,200) (6,209) (322,409) (230,565)
Total expenditure (316,200) (6,209) (322,409) (230,565)
Net income / (expenditure)
Transfers between funds
8		 68,068
-		 3,010
-		 71,078
-		 98,263
-
Net movement in funds
Reconciliation of funds		 68,068 3,010 71,078 98,263
Total funds brought forward 210,294 2,877 213,171 114,908
Total funds carried forward 278,362 5,887 284,249 213,171

Page 6

Gospel Partners Trust

Balance Sheet as at 31 December 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
General Designated
funds funds
Notes £ £ £ £ £
Fixed assets
Tangible fixed assets 5 - - - - -
Current assets
Debtors 6 60,150 1,844 - 61,994 50,438
Cash at bank 218,212 7,721 - 225,933 166,043
Total current assets 278,362 9,565 - 287,927 216,481
Creditors: amounts falling due within one year
Accruals - (3,678) - (3,678) (3,310)
Net current assets 278,362 5,887 - 284,249 213,171
Net assets 278,362 5,887 - 284,249 213,171
Funds of the charity
Restricted income funds 8 - - - - -
Unrestricted income funds
Designated funds 8 - 5,887 - 5,887 2,877
General funds 8 278,362 - - 278,362 210,294
Total charity funds 278,362 5,887 - 284,249 213,171

The accounts on pages 6 to 14 were approved by the Trustees on 13 October 2025 and signed on their behalf by:

Simon Pilcher Chairman

Kyla Malcolm Treasurer

Page 7

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024

1. Principal accounting policies

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) published in October 2019 (the Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The accounts have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The accounts are prepared in sterling, which is the functional and presentation currency of the Trust, and are rounded to the nearest £1.

Gospel Partners Trust constitutes a public benefit entity as defined by FRS 102.

The Trustees consider there are no material uncertainties about the Trust's ability to continue as a going concern.

(c) Donations, and donated costs and services Donations and similar incoming resources are recognised once the Trust has entitlement to the resources, it is reasonably certain that the resources will be received and the monetary value can be reliably measured.

Assistance given to the Trust in the form of donated costs and services is included in the Statement of Financial Activities as part of income from donations where the benefit to the Trust is reasonably quantifiable and measurable, based on the effective price which the Trust would have paid. Fund-raising events were paid for by anonymous donors, without any charge to the charity.

Grants to gospel people in training are analysed as individual grants, as there is a personal benefit as each individual trains and tests his or her call for future gospel ministry. The Trustees recognise that their service over this period may also benefit ministry initiatives. Grants for gospel projects are analysed as institutional grants. In all cases an institution is associated with a grant.

Expenditure on grants is charged on a cash basis, except when offers are unconditional and funding has been received and designated to cover the grants, or a decision has been made to return grants paid out in the year.

Although grants are charged to expenditure on a cash basis, the Trustees consider that it is appropriate to disclose within the accounts the level of grants which the Trustees anticipate, at the balance sheet date, they will be funding in the next financial year. This information is shown as anticipated grants in note 9. Anticipated grants consist of both provisionally approved grants, subject to conditions and funding requirements which have not been met at the year end, and anticipated repeat funding for people and projects previously supported; these are not accrued as expenditure.

Other expenditure is recorded in the accounts on an accruals basis. Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Page 8

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)

1. Principal accounting policies (cont.)

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Trust for particular purposes.

As a registered charity the Trust is generally not liable to taxation on its surplus or capital gains. It is not, however, exempt from value added tax (VAT). Irrecoverable VAT is included in the cost of those items to which it relates.

Debtors are recognised at the settlement amount after any trade discount offered.

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability.

2. Income from donations

2. Income from donations
Donations under Gift Aid
Income Tax recoverable for Gift Aid donations
Donations from trusts and other non-Gift Aid		 2024
2023
Unrestricted
Total
Total
funds
funds
funds
General
Designated
funds
funds
£
£
£
£
240,600
7,375
247,975
201,750
60,150
1,844
61,994
50,438
80,909
-
80,909
75,171
381,659
9,219
390,878
327,359

Page 9

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)
3. Analysis of grants payable
Grants to gospel people in training
Pre-college
Theological college
Grants for gospel projects
Ministry initiatives		 2024
2023
General
Total
Total
funds
funds
funds
£
£
£
76,500
76,500
53,500
137,700
137,700
90,950
214,200
214,200
144,450
102,000
102,000
80,500
316,200
316,200
224,950
Grants to gospel people in training are typically paid out to individuals who are Grants to gospel people in training are typically paid out to individuals who are based at a variety of different
institutions. In order to illustrate this point in the accounts, the trustees have chosen to analyse these grants by institution.
Analysis by institution Number of people if 2024
2023
General
Total
Total
funds
funds
funds
Gospel people in training - pre-college more than one (2023) £
£
£
All Nations Church Barkingside & Clayhall -
-
3,000
Bon Accord Free Church, Aberdeen 1,500
1,500
-
Carrubers Christian Centre, Edinburgh 2,500
2,500
-
Chalmers Church, Edinburgh 2 (4) 3,500
3,500
5,500
Charlotte Chapel, Edinburgh 2,000
2,000
-
Christ Church, Cockfosters 1,500
1,500
-
Christ Church, Durham 2 4,000
4,000
-
Christ Church, Fulwood -
-
3,000
Christ Church, Kensington 1,500
1,500
1,000
Christ Church, Mayfair 1,500
1,500
1,500
Christ Church, Southampton 3 6,500
6,500
-
City Church, Birmingham 1,500
1,500
-
Cornerstone Community Church, Stirling 1,500
1,500
-
Cornhill Training Course, London 2 4,000
4,000
-
Crossway, Stratford -
-
1,500
Euston Church, London 2 3,500
3,500
-
Grace Church, Bath 2,000
2,000
-
Grace Church, Dulwich 2,500
2,500
-
Grace Church, Greenwich 2 (2) 4,000
4,000
3,500
Harper Church, Glasgow 2 3,500
3,500
-
Hamilton Baptist Church -
-
2,000
St Andrew's, Chelsea -
-
2,000
St Andrew's Free Church 2 4,000
4,000
1,000
St Helen's Bishopsgate, London 5 (6) 9,000
9,000
12,000
St Michael's, Fulwell 2 3,500
3,500
-
St Stephen's, Westbourne Park 2,000
2,000
-
The Boathouse, Putney -
-
2,000
Trinity Church, Everton 2,000
2,000
2,000
Tron, Glasgow 4 (6) 7,000
7,000
10,000
Windsor Fellowship Church 2,000
2,000
2,000
Woodgreen Church, Worcester -
-
1,500
76,500
76,500
53,500
Gospel people in training Number of students
- theological college supported (2023)
Brussels Bible Institute, Belgium 3 8,500
8,500
2,500
Cornhill Training Course, London 5 (2) 13,100
13,100
3,500
Cornhill Scotland, Pastors Training Course 5 (2) 11,500
11,500
4,500
Crosslands 8 (6) 13,400
13,400
10,250
Edinburgh Theological Seminary 3 8,000
8,000
2,000
Moore College, Sydney, Australia 3 (4) 9,500
9,500
10,200
Oak Hill Theological College, Southgate 15 (18) 39,900
39,900
36,500
RTS, Charlotte, USA 3 (3) 6,500
6,500
6,500
Union School of Theology 4 10,300
10,300
-
Other colleges 8 (7) 17,000
17,000
15,000
137,700
137,700
90,950

Page 10

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)

3. Analysis of grants payable (cont.)

Analysis by institution (cont.)
Gospel projects - ministry initiatives
A Passion for Life
All Nations Church, Ilford
All Saints, Totley
Anchor Church, Lymington
Asha, Tower Hamlets
Bordeaux Church Plant, Bordeaux, France
Christ Church, Croydon
Christ Church Hillsborough
Christ Church, Sheffield
Christ Church, Stockport
Crosslinks (Dublin church plant)
Crossway Northfield, Birmingham
Église Connexion, Paris, France
Emmanuel North London Church (Cockfosters)
GBU (Les Groupes Bibliques Universitaires), Belgium
Gilnahirk Baptist Church, Belfast
Grace Church, Haywards Heath
Harper Church, Glasgow
Holy Cross Church, Hove
Immanuel Church, Bodmin
Living Word International (Word Increase Ministry, Rwanda)
Louvain-la-Neuve, Belgium
Maxwell Church, Kilmaurs
Oldham Bethel Church
Oughtibridge Parish Church
Pemberton Free Grace Church
Priors Park Community Church
Reach South (Chichester Church plant)
Redeemer, Folkestone
Redeemer, Thanet
Rotherham Evangelical Church
Shepton Mallet Benefice Churches
South Craven Evangelical Church (Emmanuel, Keighley)
St Andrew the Great Church, Cambridge
St Clement's, Manchester
St Cuthbert's Wood Green
St Ebbe's, Oxford (Blackbird Leys)
St Helen's & St Edmund's, Costessey
St Matthew's, St Leonard's on Sea
St Michael's, Fulwell
St Paul's, Haringey
St Peter's and St Paul's, Cranfield
St Peter's, Conisbrough
St Peter's Rockferry
St Thomas, Kilnhurst
Trinity Church, Chester
Trinity Church, Chester (Buckley Church plant)
Trinity Church, Milnthorpe
Trinity Church, Salisbury
Trinity Church, Scarborough
UFM Worldwide (Christ Church, Loresho, Kenya)		 2024
2023
General
Total
Total
funds
funds
funds
£
£
£
-
-
4,000
3,000
3,000
3,000
3,000
3,000
-
-
-
2,000
2,500
2,500
2,500
-
-
7,500
3,000
3,000
-
5,000
5,000
-
-
-
2,000
-
-
2,500
5,000
5,000
-
1,000
1,000
1,500
-
-
7,500
3,000
3,000
-
3,000
3,000
-
-
-
1,500
3,000
3,000
-
2,500
2,500
-
-
-
2,500
-
-
3,000
2,000
2,000
3,000
-
-
2,000
2,000
2,000
2,000
3,000
3,000
-
5,000
5,000
-
3,000
3,000
-
3,000
3,000
-
5,000
5,000
-
2,000
2,000
3,000
2,000
2,000
3,000
2,000
2,000
2,000
-
-
2,500
3,000
3,000
-
-
-
5,000
2,000
2,000
-
2,000
2,000
-
3,000
3,000
-
2,000
2,000
-
2,500
2,500
3,000
-
-
3,000
-
-
2,500
-
-
2,000
3,000
3,000
-
-
-
3,000
2,000
2,000
2,000
5,000
5,000
-
3,000
3,000
-
3,000
3,000
-
2,000
2,000
3,000
3,500
3,500
-
3,000
3,000
-
102,000
102,000
80,500

Page 11

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)

4. Governance and support costs
Basis of
apportionment
Administration costs
Actual
Finance costs
Independent examination
Actual
Bank charges
Actual		 2024
2023
Governance
Support
Designated
Designated
costs
costs
Funds
Funds
£
£
£
£
-
3,065
3,065
2,561
3,000
-
3,000
2,880
-
144
144
174
3,000
3,209
6,209
5,615

The Trustees intend that no support costs should be paid for out of donations made by donors ("Gospel Partners") to support grant making in furtherance of the object of the Trust. Anonymous donors have given funds to cover the fund-raising, governance and support costs, and the Trustees have designated these funds for this purpose.

Administration costs have been incurred in assessing grant applications and making grant payments, and these represent in the order of ninety per cent of the total administration costs.

Donated services have been provided in various practical ways. These were given on a voluntary basis, and have not been recorded in the accounts.

No Trustees received any remuneration or reimbursement for expenses during the period.

5. Tangible fixed assets
5. Tangible fixed assets Designated
Cost funds
Software
£
At 1 January and 31 December 2024 601
Accumulated depreciation
At 1 January and 31 December 2024 (601)
Net book value
At 1 January and 31 December 2024 -
6. Debtors 2024 2023
Income tax recoverable Unrestricted
Restricted
Total
funds
funds
funds
General
Designated
funds
funds
£
£
£
£
60,150
1,844
-
61,994		 Total
funds
£
50,438
7. Financial instruments 2024 2023
Financial assets £ £
Financial assets measured at fair value through income and expenditure
225,933		 166,043

Financial assets measured at fair value through income and expenditure comprise cash at bank.

Page 12

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)

8. Statement of funds
Unrestricted funds
General fund
Designated fund
Restricted funds
Total funds		 Brought
Carried
forward
Transfers
Income Expenditure
forward
£
£
£
£
£
210,294
-
384,268
(316,200)
278,362
2,877
-
9,219
(6,209)
5,887
213,171
-
393,487
(322,409)
284,249
-
-
-
-
-
213,171
-
393,487
(322,409)
284,249

Restricted funds

The Trustees have implemented a policy of only accepting donations into general funds.

9. Anticipated grants
Pre-college
Theological college
Ministry initiatives		 2024
2023
Anticipated
Total
Total
Provisionally
repeat
approved
funding
£
£
£
£
3,000
63,800
66,800
48,500
-
121,700
121,700
86,900
-
99,500
99,500
74,000
3,000
285,000
288,000
209,400

Grants which are provisionally approved are scheduled for future payment, subject to course or project conditions being met at the time of payment, sufficient funds being available and final Trustee release for payment. Anticipated repeat funding represents potential future funding in the following year for people and projects which have been supported before, towards which the Trustees are likely to look favourably; this anticipated repeat funding is also subject to suitable applications being received, sufficient funds being available and Trustee approval.

10. Related party transactions

During the year ended 31 December 2024 Trustees or companies controlled by Trustees donated a total of £12,375 (2023: £31,250) to the Trust.

11. General information

Gospel Partners Trust is a charity registered in England.

Its principal address is St Helen's Church Office, Great St Helens, London EC3A 6AT.

Page 13

Gospel Partners Trust

Notes to the accounts for the year ended 31 December 2024 (cont.)

12. Statement of Financial Activities for the year ended 31 December 2023

INCOME FROM:
Donations
Bank interest
Interest on Gift Aid repayments
Total income
EXPENDITURE ON:
Charitable activities
Grant making
Pre-college
Theological college
Grants to gospel people in training
Grants for gospel projects
Cost of grant making
Governance and support costs
Total cost of charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2023
Unrestricted
Total
funds
funds
General
Designated
funds
funds
£
£
£
319,546
7,813
327,359
1,413
-
1,413
56
-
56
321,015
7,813
328,828
(53,500)
-
(53,500)
(90,950)
-
(90,950)
(144,450)
-
(144,450)
(80,500)
-
(80,500)
(224,950)
-
(224,950)
-
(5,615)
(5,615)
(224,950)
(5,615)
(230,565)
(224,950)
(5,615)
(230,565)
96,065
2,198
98,263
-
-
-
96,065
2,198
98,263
114,229
679
114,908
210,294
2,877
213,171

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