South Cambs Gospel Trust Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 COMPANY REGISTRATION NUMBER: 06381221 CHARITY REGISTRATION NUMBER: 1122316 South Cambs Gospel Trust Company Limited by Guarantee Flnancial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement 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 (Incorporating the Directorfs Report) (CDnlinued) Year ended 31 December 2024 The trustees. who are also the directors for Ihe purposes of company law. present their report and the unaudited financial statsments of the charity for the year ended 31 December 2024. Reference and administfdtive details .Règistsred charity name SoLrth Cambs Gospel Trust Charity reglstrdtion number 1122316 Company r8gistralion numbor 06381221 Principal offlco and roglstered 6 Wakelin Avenue offico Sawston Cambridge Cambridgeshire CB22 3DS The trustees Rev T M Chapman Mr Julian Thackray Mr Peter Woodroffe Mr Andrew Gilmore Mr Andrew Symes Ms Anne Orange Ms Caroline Meiser Stedman Independent examlnèr Thomas Quinn Chartered Accountants Structura, govemance, and management South Cambs Gospel Trust is a charitable company IlmFted by guarantee and not having a share capital. The governing document is a Memorandum and Articles of Association. The Trust is run by Trustees, the majority of whom are members of Christ Church South Cambs. Objectives and actlvities The Trust employs one fvll time rnember of staff. the minister for the church, Christ Church South Cambridgeshire. There are also currently 2 part time staff looking after pastoral care, working wth young people and administration. Ordinarily, the church rneets weekty on a Sunday morning at a meeting in Sawston Village College. Sawston. Cambridgeshire, to proclaim the Christian faith. In addition, the church has weekly evening home groups together with other meetings all of which support members and newcomers to the congregation in their faith and education of the gospel of Jesus Christ. South Cambs Gospel Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (eontinu#d) Year ended 31 December 2024 Achievements and performance The church has been meeting since April 2006 each Sunday. Ordinarily a meeting includes Sunday school groups for children with a creche for 0-3 year olds, tsvo separate groups for 4-6 year olds and 7- 10 year olds with children from school year 6 and upwards being part of the main congregation. However. there are additional groups for 11-14 year olds on a Sunday evening and a mid-week group for 14-18 year olds. As a church we meet both in person and offer the option for people to join live online via ourwebsite, the services are advertised locally and are open to everyone. New congregation members and enquirers are invited to attend one of the Christianty Explored courses which are run by the church. In addition, there are many community events put on by the church including, 'Little Ones. weekly baby and toddler group, Christmas Carol service. discussion evenings and events and marriage courses. The Church became an affiliate of AMIE (Anglican Mission in England) in 2021 and as such a proportion of Church income is given towards the running costs of AMIE. The trust gives a proportion of income to extemal mission partners, for example the Bamabus Fund working around the world, and individuals working in Asia, Africa and the UK. Over the past 12 months the church has taken on a second full time member ol stsff in the position of assistant minister, this has allowed the church to increase its outreach wthin the a￿a and improve communications and social media presence. All church staff members are involved in pastoral care wthin the local community, pastoral care for congregation members and building links with other churches and organisations in the area. Financial ravlow The funding sources of the charity are from voluntary contributions from Inslde the congregation and from outside the congregation. Currently the Trustees have a defined reserves policy of maintaining £30,000 in reserve in our current account, we do not Current￿ have an investrnents policy. Plans for future periods Financially the Trustees will continue to encourage the voluntary contributions to allow the trust to 5UStain current activities and grow the congregation and allow greater outreach into the local community. Small company provisions This report has been prepared in accordance wth the provislons applicable to companies entitled to the small companies. exemption. The trustees. annual report was approved on trustees by=_ &c- 2ozs" and signed on behalf of the board of Mr J St John Thackray Trustee Rev T M Chapman Trustee South Cambs Gospel Trust Company Limited by Guarantee Independent Examlnerfs Report to the Trustees of South Cambs Gospel Trust Year ended 31 December 2024 We report to the trustees on my examination of the financial slatements of South Cambs Gospel Trust ('the charity.) for the year ended 31 December 2024. Responsibilltlos and basis of report The trustees (vtho are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibilty to: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Chartty Commission under section 145(51{b) of the 2011 Act.. and to state vthether particular matters have come to my attention. Indèpendent examiners statoment We have completed our examination. We Confimi that no matters have come to our attention in connection with the examination giving us cause trj believe that.. the accounting records were not kept In respect of the charity as required by section 386 of the 2006 Act." or the financial Statements do not accord with those records., or the )Inancial statements do not comply wth the accounting requirements ofsection 396 ofthe 2006 Acl other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination= or the financial statements have not been prepared in accordance with the melhods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). We have no concerns and have come acr055 no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reachp mai Thomas Quinn Chartered Accountants 82b High Street Sawston Cambs CB22 3HJ South Cambs Gospel Trust Company Limited by Guarantee Statement of Financial Actlvities (including income and expenditure account) Year ended 31 December 2024 2024 Unrestricted fvnds Total funds Total funds 2023 Income and endowmènts Donations and legacies Total income 174,930 174,930 174,930 174.930 132,810 132,610 Expenditure Expenditure on charitable activities Total expenditure 171.751 171,751 171,751 171,751 155,488 155,488 Net incomel(expendlturo)l and net movement In funds 3,179 3,179 {22,878} Reconciliatlon of funds Total funds brought forward Total funds carried forward 32.887 36.066 32,887 55,765 36,066 32,887 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 10 fomi part of these financial statements. South Cambs Gospel Trust Company Limited by Guarantee statement of Financial Posltlon 31 December 2024 2024 2023 Current assets Debtors Cash at bank and in hand 11 27,380 17,511 19,208 15,741 44,891 34.949 Creditors: amounts falling due within one yoar Net curront assets 12 8.825 2,062 32,887 36,066 Net assets 36,066 32,887 Funds of the charity Unrestricted fiJnds 36.066 32,887 32,887 Total charfty funds 13 36.066 For the year ending 31 December 2024, the charity was entitled to exemption from audit under seolion 477 ofthe Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowiedge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wth the provisions applicable to companies subject to the small companie5, regime. These fin ncial ststements were approved by the board of trustees and authorised for issue on oz.r and are signed on behalf of the board by= Mr J St John Thackray Trustee Rev T M Chapma Trustee The nots¥ on pages 6 to 10 forni part of these financial Statsments. South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 Generdl infomiation The charity is a publtc benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 8 Wakelin Avenue, Sawston, Cambridge, Cambridgeshire, C822 3DS. Statement of Compllance These ffnancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policles Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Disclosure oxemptions The Trustees have taken advantage of the followng disclosure exemption in preparing these financial ststements, as permitted by FRS102.' - No cash flow statement has been presented for the company. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the oharity's purpose5. Designated funds are unrestricted funds eamiarked by the trustses for particular future projects or commitments. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal and fall into one of tsvo sU￿claSseS. restricted income funds or endowment funds. South Carnbs Gospel Trust Company Limited by Guarantee Notes to the Financlal Statements (contlnu Year ended 31 December 2024 Accounting policies (conllnu•d) InGomlng resources All incoming resoU￿e$ are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will Itow to the charity and the amount can be reliably measured. The followng spectfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidènce of entitlement to the gift. receipt is probable, and its amount can be measured reliably. Resourcè5 expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, no charitable trading activities, and the sale of donaled goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure Include5 all expenditure that Is neither related to raising funds forthe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable, and consistent basis. Limited by guarantse The company is a company limited by guarantee. The members ofthe company are the Trustees named on page 1. In Ihe event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financlal Statements fconllnu8d) Year ended 31 December 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Gift aid and other 146,533 28,397 146.533 28,397 174,930 110,117 32,493 110,117 32.493 132.610 174,930 132.610 Expenditure on charftable activities by actlvlty typ8 Direct Costs Support Total funds costs 2024 Total fund 2023 Direct costs 170.791 960 171,751 154,528 Dlrect costs Unrostricted Total Funds Unrestricted Total funds Funds 2024 Funds 2023 Wages and salarie5 Pension costs 90,438 90,438 87,746 87,746 15,596 6.715 15.596 6,715 9,110 9,110 Rent 3,705 3,705 Repairs and Maintenance Insurance and utilities 328 328 363 363 1,073 1,073 521 521 Mission Eroup giving Admin and stationery costs Events 12,833 12,833 13,183 13,183 824 824 1,445 1,445 29.261 29,261 26.475 26,475 Training and CCPAS checks Social security cost Other General Expenses 1,221 1,221 1,043 1,043 2.446 2,446 10,056 10,056 10,937 10,937 170 791 170 791 154528 Indep8ndent examlnation fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 960 960 South Cambs Gospel Trust Company Limited by Guarantee Notes to the Financial Statements feonthiu• Year ended 31 December 2024 staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Pension contributions 90,438 2,446 15,596 87,746 9,110 The average head count of employees during the year was 412022: 5). No employee received employee beneffts of more than £60,000 during the year (2022.. Nil). 10. Trusts8 rèmunerdtion and expenses The Rev T Chapman has been an employee of the Trust since the creation of the Trust and was appointed as a Trustee on 27th July 2016. The employment is governed by clause 7.2 and 7.3 of the Articles of Asso¢iation. The Rev T Chapman is employed as a Minister of the Church and the remuneration in the year is £29,033 (2022.. £27,780). In addition, the Trust paid £9,110 {2022.- £10,383) as employers pension contributions. No other trustees received any remuneration during the year. 11. Debtors 2024 2023 Gift Aid recoverable PAYE debtor 27.380 19.208 27,380 19,208 12. Croditors: amounts falling duo within one year 2024 2023 Trade creditors and accruals 8,825 2,062 8,825 2,062 13. Analysis of charltable funds Unrestricled funds At 31 December 2024 At 1 January 2024 Income Expenditure General funds 32,887 174,930 (171.751) 36,066 At 31 December 2023 At 1 January 2023 Income Expenditure General funds 55,765 132,610 (155,488) 32,887 South Cambs Gospel Trust Company Limited by Guarantee Notes to the Flnancial Statements {eonthv8d) Year ended 31 December 2024 14. Analysis of net assets ￿tween funds Unrestrl￿ed Total Funds Funds 2024 Net assets 36,066 36,066 Unrestricted Total Funds Funds 2023 Net assets 32,887 32,887 10