Trlnlty Mlnlstrles Charltable Trust Monday 23 December 2024 Report to the Trustees for annual Trustees meetlng UP to the end of attountln8 perlod 5 Aprll 2023 Purpose: The Charitable Trust was set up in October 2006. and although 'Charitable Purposes. has a legal definition as follows: 11 The advancement of religion. 2} The advancement of Education. 31 The Relief of Poverty & 4} For the Public benefit, the passion of the original settlors is for the advancement of the Christian faith through evanEeli5tic outreach or through humanitarian acts which are active demonstrations of God's love for his children. There is no geographical bias. Trustees Mr Jonathan Cobb, Mr Graham Cleveland. Mrs Cathy Cleveland and Mrs Beverley Taylor-Doe. Structure: Following the novation of private donors to Stewardship within the year ending April 2020, the trust primarily only, with the exception of one donation in April 2023, act as a deposit for the charitable donations of the Directors of Trinity Wealth Management Ltd. However, where a client of Trinity has bequeathed a gift to TMCT through their Will, the trust will still receive and distribute these. Funds are securely held with Kingdom Bank whilst the ongoing running account is held with a Lloyds current account. Gifts Made: In November 2022 a gift of £5,000 was paid to United Christian Broadcast IUCBI, a Christian media charity whose mission is to offer every person, in every place, every moment of the day, the opportunity to hear, watch or read the Word of God in a relevant and engaging way. In December 2022, a loan was made to J John to enable him to purchase a shared ownership property for him and his family. Mr John ran a Christian ministry whilst attempting to earn an income spreading hi5 faith on-line. However. due to the high cost of rent and the earning potential due their age (around 701, the couple were struggling to run their ministry. So, TMCT Trustees agreed that providing a £20,000 loan (with a repayment arrangement) was a worthy cause to help purchase a home enabling his wife to retire and dedicate their time to the ministry.
Trinity Ministries Charitablè Tru$t Accounts for tho period ènded 5 April 2023 Income Donations received Gift aid retlaimed Interest recetved 98,422.(X) 110.80 70.75 98.603.55 Donations made Loss on sale of shares 84,191.10 84.191.10 Excess of expenditure over income 14,412.45 Current assets LlcTryds TSB Kingdom bank Gift aid debtor 63.598.57 63,083.35 746.25 127.428.17 Reserves Reserves b/fwd Excess for the yeBr 113.015.72 14.412.45 Reserves tlfwd 127.428.17 Represented by.. 'Client' reseNes TWM reseFves 84,270.41 43.157.76 127.428.17
,(((( Charts Mnnr4 Gb Porkway Porters Wood Si Albons Herts AL3 6PA Chartered Certified Accountants and Business Advisors t. 01727 815125 e.enquiries@chortswood.co.uk www.chartswood.co.uk The Trustees of Trinity Ministries Charitable Trust Cedar Court 6c Parkway Porters Wood St Albans Hertfordshire AL3 6PA Our Ref.. TD/as Date: 18 December 2024 Dear Sirs TRINITY CHARITABLE TRUST {Charlty Number: 1118110) The accounts were prepared by Mr Graham Cleveland of Trinity Wealth Management Isame address as above) and as he is a Trustee of Trinity Ministries Charitable Trust, the Trustees have asked us to carry out an independent examination to comply with the Charity Commissions regulations. We have examined the accounts for the Financial Year 202212023 and the report below relates to an independent examination carried out under section 43 of the 1993 Act and the examination has been conducted in accordance with the Directions given by the Commission. We can confirm that no matter has come to my attention which would give me any reasonable cause to believe that in any material aspect.. accounting records for non-company charities have not been kept in accordance with section 41 of the Charities Act 1993; or where the charity is a charitable company. the accounting records have not been kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with the accounting records- or where the accounts are prepared on an accruals basis for a non-company charity under section 4211) of the Act 1993 and those accounts do not comply with the requirements of the 2008 Regulations setting out the form and content of charity accounts: la charit¢s accounts consist of a Statement of Financial Activities and balance sheet and notes and are prepared in accordance with the methods and principles set out in the Statement of Recommended Practice); or Directors.. Po CA ACCA
where the accounts are prepared for a charitable company, the accounts do not comply with section 396 of the Companies Act and the methods and principles of the SORP. In the process of carrying out the examination, we can also state that no matter has come to our attention in connection with the examination to which attention should be drawn in the report to enable a proper understanding of the accounts to be reached. Should you require any further information, please do not hesitate to contact us. Yours faithfully Mr T Desai BAIHonsl, FCCA