## **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: - 1) Districts and areas of the United Kingdom where financial and other resources are less available; - 2) Particular ministries without adequate financial and other resources; and - 3) The education, training, preparation and deployment of workers without adequate financial and other resources; 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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: - 1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2) the accounts do not accord with those records; or - 3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - (a) Basis of preparation 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. - (b) Going concern 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. - (d) Investment income Investment income is recorded on a receivable basis. - (e) Grants payable Grants payable are payments made to third parties in furtherance of the charitable object of the Trust. 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. - (f) Other 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.)** - (g) Tangible fixed assets and depreciation Software is included at cost and depreciated over its useful economic life at 33.3% p.a. on a straight line basis. - (h) Fund accounting Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable object. The Trustees have allocated anonymous gifts to cover expenses for fund-raising, governance and other costs as designated funds; all other unrestricted funds are classified as general funds. 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. - (i) Taxation 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. - (j) Debtors Debtors are recognised at the settlement amount after any trade discount offered. - (k) Cash at bank and in hand 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. - (l) Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Trust anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 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. - (m) Financial instuments The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **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| |---|---| Page 14