South Cambs Gospel Trust Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 COMPANY REGISTRATION NUMBER.. 06381221 CHARITY REGISTRATION NUMBER.. 1122318 South Cambs Gospel Trust Company Limited by Guarantee Flnanclal Statements Year ended 31 December 2023 Page Trustees, annu81 report (incorporating the directorfs report) Independent examinevs report to the Iruslees Stalernent of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 6-10 South Cambs Gospel Trust Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) l¢¢ntthu¢dl Year ended 31 December 2023 The trustees, who are also the dlrectors foi the purposes of company law. present their report and the unaudited financial staternents of the charity for the year ended 31 Decernb8r 2023. R•feran¢è and admlnlstratlvg d¢lalls Registered ¢harl¢y namè South Camb5 Gospel Trust Charity registration number 1122316 Company rgglstratlon number 06381221 Principal offi¢e and registered 6 Wakelin Avenue offico Sawston Cambridge Catnbridge8hir$ CB22 3DS The trustees Rev T M Chapman Mr Julian Thackray Mr Peter Woodroffe Mr AndrEW Gilmor8 MrAndrew Symes Ms Anne Orange Ms Caroline Meiser Stedrnan Ind•pendent examiner Thornas Quinn Chartered Accountants Structure. govemancè, and management South Cambs Go$￿1 Trust 1$ a charitsblecompanylimited by guarantee and not having a share capital. The governing document is a Memorandum an¢J Artides of AssLKialion. The Trust is run by Twstees, the major¢ty ol whom are members ol Christ Church s￿th Cambs. Objectives and activities The Trust employs one full tirne rnember of staff, the minister for the church. Christ Church Soulh CaTnbridge5hire. Th8r8 are also wr￿n￿Y 2 part time staff looking after pastoral care. working with young people and administration. Ordinarily, the church rneet5 weekly on 2 Sunday morning at a rneetirTrg in Sawslon Village Co118ge, Sawston, Carnbridgeshire, to proclaim the Christian faith. In 8déition, the church has weekly evening home groups 109ether with other rneetings all of which support meTnber5 and n6wcom8rs to the collgregatic￿ their faith and education of the gospel of Jesus Christ. South Cambs Gospel Trust Company Lirnited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conih)uedJ Year ended 31 December 2023 Achievernents and performance The chU￿h ha5 been meeting since April 2006 each SunLlay. Ordinarily a meeting includes Sunday school groups for children wilh a creche for 0-3 year olds, two separat8 groups for 4-6 year olds and 7- 10 year olds witt) children frotn 5chwl y8ar 6 and upwards being parl ol the main wngregalion. How8V8r, there are additional groups lor 11-14 year olds on 8 Sunday evening 8nd a mid-week group lor 14-18 year olds. As a ehurch we meet both in person and offer the option for people lo join live online via our w8bsite, the services are advertised locally and arp open to everyon8. New congr8galion members and enquirers are Invited to attend one of the Christianity ExplO￿d courses which are run by the church. In addition. there are many community events pul on by the church including, 'Little Ones. weekly baby and toddler group, Christrn8s Card service, discussion evenings and events and marriagè courses. The chU￿h became an affiliate of AMIE (Anglican mi￿*0n in England) in 2021 and as such a proportR)n of Church income is 9iven towards the running cos15 of AMIE. The Irusl gives 8 proportion of income lo extemal rni5sion partner5, for example the Bamabu5 Fynd working around the worfd, and individuals working Sn Asla, Afrlca and the UK. Over the past 12 months the church has taken on a second full time rnember of slaff in the position of as&stant minister, this has allowed the church to incr8ase its outreach within the area and improve communications and sockql Media presence. All chur¢h stsff mewbeT5 are invclved in pastoral care within Ihe Icc81 community, pastoral ear8 for congreg8tion Members and bulldlng links vAth other churches and organSsgfjons the zrea. Flnan¢lal revlew Th8 funding sources ol the charity are from voluntary contributions trom in5id8 the GoTrgr8gation and from outside the congregation. Currenyy the Trustees have a defined reserves policy of maintaining £30,000 in reserve in our current account, we do not currendy have an investments policy. Plans for future perlods Fin8ncially the Trustees will continue lo encourage the voluntary contribution5 to allow the trust to sustain Current 8ctsvities and grow the congregation and allow greater outreach into the loca community. Small company provislons This report has been prepared ￿ accordance wth the provisions applicable to ccmpanies entitled to the srnall companies, exemption. The trustees, annual report wa5 approved on .... truste ts•£q.. and signed on behalf of the board of Mr J St John Thaekr8y Trustee Rev T M Chapman Trustee South Cambs Gospel Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of South Cambs Gospel Trust Year ended 31 December 2023 We report tr) the trustees on my examination of the financial statements of South Cambs Gospel Tru81 I'lhe charity'l for the year ended 31 December 2023. Responslbilities and basi5 of report Thè truste&5 Iwho are also the directors of the company for the purposes of ctsmpany 18wI are sponsible for the pieparation of the financial statements. The trustees consider that an audit is not require(I for this year under section 144121 ol the Charities Act 2011 Ilhe 2011 Act) and that an independent ex8mination is needed. H8ving s8tisfied ourselves that the charity is not subject to 8udit under company law and is eligible for independent exarninatK)n, it is rny responsibility to: examine the a(xounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Direction5 given by the Charity Comrnis5ion under section 145151{bl of the 2011 Act.. and to stale whether p8rticular maiters have come lo my attentlon. Ind8P8ndent examlner's statement We have completed our oxamination. We confirm that no matters have Come to our attention in connection wlh the examinatK>n giving us cause to believe that.. the accounting rè¢ords were not kept in respect of the charity as required by section 386 01 the 2006 Act.. or the financiol st8tements do not *Lcord with tIK)se records., c the financi81 stat8ment5 do not cornplywith the accounting requirements of sectDn 396 of the 2006 A¢t other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examinalion.. or the financial statements have not been prepared in aC￿rdance with the methods and principles of the Statement ol Recommended Practs"¢e for a¢counling and Teporting by charities applicable to charilies preparing their accounts in accordan￿ with the Financial Reportng Standard applicable in Ihe UK and Republi¢ of Ireland IFRS 1021. We have no concerns and have come across no other matters ITr connection wth the examination lo which atlenllon should be drawn sn this report in ord8r to 8￿￿t￿e a proper understanding of the accounts to be reached. Thomas Quinn Charte￿d Accountants 82b High Street Sawston Cambs C822 3HJ South Cambs Gospel Trust Company Limited by Guarantee Statement of Financial Activitles (including income and expenditure account) Year ended 31 December 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Ineomè and endowments Donations and legacias Total incom• 132.610 132,610 132,610 135,011 132,610 135,011 Expenditur8 Expenditure on charitable activitie5 Total expendlturè 155.488 15S,488 124,478 155,488 155,488 124,478 N•t Incomallèxpendlturell and net movement In funds 122.8781 12IB781 10,533 Reconclllatlon of fund$ Total funds brought forward Totsl funds carrted forward 55,765 55,765 32,887 55.765 32,887 55,765 The staternent of financial actiwties indudes all gains and losses recognised in the year. All income and expenditur8 d8rive from continuing 8Ctivibes. Tho note8 on pag•s 6 to 10 form part ofthest finaxci81 statemnts. South Cambs Gospel Trust Company Lirnitgd by Guarantee Ststement of Financial Position 31 December 2023 2023 2022 Ctsrrent assets Debtors Cash at bank and in hand 11 19,208 15,741 20,139 36,984 34.949 57,123 Creditors.. amounts fallin9 due within one year Net current assets 12 2,062 1,358 32.887 55.765 Net assets 32,887 55.765 Funds of the charlty Unrestricted funds 32.887 55,765 Total eharity funds 13 32.887 55,765 For the year endino 31 Decernb8T 2023 th8 charity wa$ entitled to eKemption from audit under section 477 of Iht Companies Act 2006 relating to small companies. Director5. iésponsibilitie$'. The members have not required the company to obiain 8n audit of its fin8nci81 ststernents for the year In question in accordance with section 476. The dlr*ctors 8ckmvAedgetheir responsibilitles forcomplying wrth the requiremenls of the Actwith respe¢t lo accounting ￿tardS and the pr8paration of financial Statements. These financial statements have been prepared in accordan￿ with the provisions applicable lo companies subleot to the small eompanies. iegirnè. Thes ancial statements were approved by the tK)ard of trustees and authorised for issue on Is.l%l.L9.., and are signed on behalf of the board by.. Mr J St John Thaekray Trustea Rev T M Chapman Trust8e The notes on p3g45 6 ¢0 10 form part of the5•financi31 stat•m•nts. South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 Genèral informalion The charity is a publi¢ benefit entity and a private compsny limited by guarantee, r￿IStered in England and Wale5 and a registered charity in England and Wales. The 3ddre55 of the registered oifrce is 6 Wakelin Avenue, Sawston, C3rnbridge. Cambridg8shire, C822 3DS. statement of compliance These financial statetnents h8Vg been prePa￿d in compllance wlth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Repu￿1¢ of Ireland,, the Staternent of Recomfflended Prac&"ce applicable to Char￿e$ preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of 5reland IFRS 1021 (Charitie5 SORP IFRS 10211 and the Companles Act 2006. Accounling policles Basls of preparation The financial ststamenls have been prepared on the hlsiorScal cost basls, as modified by th& revaluation of certain financial assets and liabilities and investment properties rneasured at fair value through incom8 or expenditure. The financial statement5 are prepared in 5terfing, wh￿h is the fvnclional currency of th8 Èntity. Golng concern Thèra ar& no malerial uncertainties about the charlty's ability to continuè. Dis¢losure exemption5 The Trustees have takèn adv8nlage of the following disclosure exernptson in preparing these financial stalements. as permitte¢J by FRS102." No cash flow statement ha5 been pr858nled for the company. Fund accounting Un￿striCted funds a￿ available for use at the discreti(￿ ol the trustee5 to lurther any ol the charity's purposes. Designated funds are unrestricted funds earrnarked by the tNStees for particular future projects or commitments. Restricted funds are subjected to restrictions on theirexpenditure declared by the donoror Ihrough th8 terrn5 of an appeal and fall into one of two suLkclasses'. restricted income funds or endowment funds. South Cambs Gospel Trust Company Umlted by Guarantee Notes to the Financial Statements l¢ontthu6d) Yèar ended 31 December 2023 Aecourtting policies (¢oniinu• Incoming resources l incoming resoutres ar8 included in the stslernent of financid actwitles when entit￿Ment ha5 passed to the charrty". it is probaEAe that the economic benefrts assoualed with Ihe transacllon ￿11 flow to the Charity and the amount can be reliably measured. The following specifK policies a applied to particu5ar categories of irKome'. income from donations or giant5 15 recognised when th8re is evKlence of entstlement (o the gSft, receipt is probable. and its amount can be measured reliably. Resources expended Expenditure is recognised on an accruals basis as a1iability is incurred. Expendilure includes any VAT whith cannot bè fully recov8red, and is dassified under headings of the slatemEnt of financial activi1Ses to which it relates.. 8XP8nditure on ralsing funds includes the costs of all fundr8ising a¢tNities, events. non- ¢haritable Ira¢Jing aclivikn'es, and th& sal8 of donated goods. expendlture on charitable activib'es indu(Ses aTh costs incLFrred by a charty in unilertaking activities that further its charitable aitns ft>r the b8n8fil of its b8nefici8ries, includ￿ng those support costs and costs relating io the gOverrnan￿ of the charity apportioned to charitable activities. Dtherexpendiiura include5 all expenditure that is neither related to r2ising funds for the charlty nor part of ils expenditure on charitable activitie5. l Costs are alocaled to eKpenditure categori88 refl8oting the use of the resource. Direct costs attributable to 8 single activity a￿ allocated directly to that activity. Shared costs are apportioned between the activiues they oontrtbute to on a r8asonable, justif￿ble. and consistsnt basis. Limited by guarantee The company is a company Ilmited by guar8ntè6. The rnembers ofthe ¢omp3ny are the Trustees named on pag8 1. In the event ol the company being wound up. the Ilability In respect of tF guarantee is limited to £10 per member of the company. South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements Iconlthu Year ended 31 December 2023 Donattons and legacles Unrestricted Total Fund$ Unrestricted Total Fund5 Funds 2023 Funds 2022 Donations Gift aid and other 110.117 32.493 110.117 32,493 110,766 24.245 110,786 24.245 132.610 132,610 135,011 135,011 Expendlture on charftable actlvltles by activity type Direct Costs Support Total funds costs 2023 Total fund 2022 Direct costs 154,528 960 155,488 124,478 Dlrect Costs Unrestrlcted Total Funds Unrestricted Total funds Funds 2023 Funds 2022 Wages and salaries Pension costs Rent Repaiis and Maintenance Insurance and utilit￿$ Mission group giving Admin and stationery costs Events Training and CCPAS C￿Ck$ Equipment 8Y,746 9,110 3.704 363 520 13,183 1,445 13,683 1,043 87,746 9,110 3,704 363 520 13,183 1,445 13,683 1.043 63.434 10,383 6,062 7,644 686 13.807 3,893 13.172 3.773 664 63,434 10,383 6.062 7,644 13,807 3,893 13,172 3.773 130 799 130 799 123 $18 Independent examlnatlon fees 2023 2022 Fe85 payable io the independent examlner for.. Independent examination of the financial ststemerts 960 South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements {contfnuBdJ Yoar onded 31 December 2023 staff costs The iotal staff eostg and employee benefét8 for the reporting period are analysed as folbws.. 2023 2022 Wages and salaries Social security Costs Pension contributions 87,746 63,434 9,110 10.383 Trie average head count of employees during the year was 512022." 51. No employee recelved employee benefits of more ihan £60,WO during the year12022.' Nill. 10. Trustee remuneratlon and expenses The Rev T Ch8pman has been an employee of the Trust since the creation of the Trust and was *ppoint8d as 3 Trustee on 27th July 2016. The employrnent is governed by clause 7.2 and 7.3 of the Article5 of A55oci81ion. Th8 Rev T Chapman is 8mployed as a Minister of the Church ano the remuneration in the year is £29,033 12022.. E27.7801. In addition. the Trust paid £9,110 12022.. £10,383) as employers pension contributions. No other trustees rec&ved any remunerats.on during the ye8r. 11. Debtors 2023 2022 Gift Aid recoverable PAYE debtor 19,208 20,139 19,208 20,139 12. Credltors: amounts falllny du• wlthln onè ￿ar 2023 2022 Trade credltors an¢J aecru818 2.062 1,358 2,062 1.358 13. Analysls of charitable funds Unrgstricted funds At 31 Decembgr 2023 At 1 January 2023 Income Expenditure Gener81 fvnd5 55,765 132,610 1155,4881 32,887 Al 31 Decemb8r 2022 At 1 January 2022 IrKome Expendrtu General funds 45,232 135,011 1124,4781 55,765 South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements Iconllftugd) Year ended 31 December 2023 14. Analysls of nèt assets between funds Unrestrict8d Total Funds Funds 2023 Net assets 32.887 32￿87 un￿$t￿Cted Total FuTKJ5 Funds 2022 Net assets 55,765 55.765 10