Trinity
Cheltenham
Trust
Limited
Annual Report and Financial Statements
for the year ended 31 December 2024
Reglstered Charlty No. 1128804
Company No. 06681048

Trinity Chellenham Trust Limited
Annual Report and Flnancial SL￿aMents for the y&ar endod 31 December 2024
CONTENTS
Page
Dir8cth' report
lThY8pendent examirw5' re￿￿¢
Statement of financial actmties
Balance sh*t
Notes to the finandal statements
9-16
Trinity Chaltenham Trust Limitod
Annual Report and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Rèport and Flnancial Statements for the year ended 31 December 2024
Dlrector8' Report
Reference and admlnlstratlve delalls
Trinity Che118nham Trust Limited (fcT) was established in August 2008 as a Company Limlted by
Guarant88 {Company Registration number C6681048). i￿rplyat￿d in England & Wales. TCT is a
regisl8r8d charity a5 r8cognis8d by the Chwiti8s Commigsb)n {Chartty number 11288041 and is accredited
in the HMRC Glft Aid sch8m8.
TCT is situated in Cheltenham, wth ts registered address St James. House, Sl James. Square,
Chellenham GL60 3PR and its administratW8 aldr8ss being Trinlty Fusion. 98 Winchcombe Street,
Cheltenham, GL52 2NW.
This report covers the aGr3yJnts'ng period ofTCT, from 1 January 202410 31 De¢embw 2024. The Directors
who serv￿1 during this lime were..
PerTnanent Directors
Team ReGtor of Hoty T17rity Church, Ch8ttenham
Rev ArKlrew Bly
ChurclM8rden$ ofHoty Trinty Church, Cheffenham
Elizabeth Lang
Bary Lambert
Ele¢ted Dlreclors
Christine Robertson
Nyl Jobson
Gw Wamer
Andrew Yapp
R8-elect8d at the AGM
Re-elected al the AGM
Re-plected at the AGM
Re-plecfed at the AGM
The Dlrectors of TCT also ￿11 UP￿ Sp￿￿1￿$t advKe in the areas of Health and Safety. Flnance and
Premises Management.
Tcfs Soliators, Bankers and IndepeThJent Examlners are listed telow.
Solicitors
Bankers
Independent Examiners
BPE Sol￿rtors LLP
st James. House
st James, Square
Cheltenham
GL50 3PR
National Wesfminsler Bank PLC
31 Promenade
Chdtenham
GLXI 1LE
Nicholas J Bishop
Pitt Godden & Taylor LLP
Unit 3 Ambrose House
Meteor Court
Bamett Way
Barnwood
Glcmjcesler
GL4 3GG
ObJ¢¢tlv¢s and a¢tlvlties
The aim$ and oblectNes of Trinity Chellenham Trust Limtted are as follows..
To Fwmole and advance all a$pe¢ts of the Christian frdith irKludiro. but not limited to, the promotlon of
Christian beliefs through the holding of prdyer meetiros, lethres. publK celebration of religious
festivals aThl pr&Juong or distributlThJ literahjre relating to Chrkstian faith lo enlighten others about the
Christian faith.
To F￿VIde and maintain community facilities for reueational or any other purposgs including leisure
lime activities in the interests of sccial wdfare as the company may think fft from tin￿ lo time. with the
Trlnlty Chohanham Trust Llmlted
Annual Report and Accounts 2024

Trlnlty Ch8lt8nham Trust Llmlted
Annual Report and Flnanclal Statements for the yaar ended 31 D￿mber 2024
object of Improving the conditions of lrfe and benefiting those persons who have need by reason of (to
Include t4Jt not be limited to) thelr youth. pov* or s(Kial or e￿￿MIC cirujmstances.
To relieve hardship, induding financÉal hardship and to pYc¥nole and preserve g¢y)sJ health by the
provisllin of foimj, fvnds supsNJrt (to indLKte advice and coun5dlingl and SLtch other assistance that
the ¢ompany may think fit lo offer from time lo lime, to ￿nefIt the homeless, aged, dlsabled, single
parent familles and other persons in need.
TCT Is coMM￿ted to enabling as many people as possible to hav8 a(xess to its facilities and we maintain
a pollcy of being open and Ir￿jUS1ve for all S￿tionS of the ojmmunity. In strtving towards this, TCT has
¢onsidered Ihe Charty Commtssloner8' whJan¢e ￿ Publ￿ berth.
Stmcture, goveman¢o and managthnent
In order to malntaln the charitable obJe¢ts. Ihe Bowd of Direct￿8 has a minimum of seven members. Three
penmanent members are the In￿rnbe￿t mlnlster of Hoty Trinity Church, Cheltenham and the ￿ eleclod
Churchwardens. A minimum of four other 'ordinary members, are rM)minaled from th8 members of Holy
Trinty Church ané elected at the Annual General Meeting. NevAy appointed Directors, an induction briefing
is given lo ensure they ￿ aware of th￿r respM)nsibllltie$ in relati￿ to both Companies House and Charlles
Commission guidance and the object'ves ofTCT.
A minimum of three general meetings are held through the year. Tlwe must be a quorum present to
conduct any business of no less than fNe Directors enb'ued lo vote, of whom rKJt ths than thr88 musl be
elected directors.
The Directors may delegate certain authorities to Spec￿ diwlors ty other persons as is felt n￿ssary to
conduct t￿sInesS belmen meetings and facilitste the *t)rk of the Trust.
Rlsk management
Th8 board regularfy dis(#Jss and ass8SS the Mai￿ risks to which the company is exposed and.consldered
th8 safeguards that have been and can be implemented lo mits'gate those risks. In accordance wlth the
Slal8mont ol Recommended Practice for chariti'es the Directors annudly review and update the fomial risk
assessment.
Achlevemgnts
Throughout 2024 TCT has c#Mlinued to fccus on the ullI&￿0n of assets in line with our charitable objects
and generating sufficient funds and donations to serve tts aims and objeclives and meet ils financial
obl*tions, including 5￿king and reducing debt.
The Tnjst gains an income and fijrthers its L*aritsble aims through hosting actr¥ilios and provkling Space
In a number of properties to oryanisalKsns wlN)se Obl￿11¥e$ are conguenl wilh that of TCT..
The propety known a$'Fusion' at 98WincFKombe Street Cheltenham, held on a 250 ye8r leasehold
The adjoining building, known as Trinity House. al 101>102 Street Cheltellham, for
whrch TCT owns the freehdd cfcT has a mortgage VAth Kiwom Bank. se¢ured against these
assets).
The propety known as Poruand Hou8e at45 Poruand Street forwhth TCT owns th8 freehokl (TGT
has a separate mortgage with Kingdom BanK secured a￿l￿st thi5 ass811
Durlng 2024 the Trusys properties were used by:
The Parothial Church Counol of Trinity Church Chdtenham. under a non-exdusive Iicgnse.
throughout the week in all the Trust's proFerties to ￿t a wde range of groups arKI aclwilios
promoting the Christian faith and to provide a range of community services including offering
practical help, alfv￿ and services to the local community. homele58 aThJ socially excluded.
Trinity Cheltgnham Trust Limited
Annual Report and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Report and Financial Statements for tho year endod 31 D&cemb&r 2024
The Armoury Communty gym - run in the Fusion ￿lIdIng - in partnership with local Cheltenham
charity, Fresh Hope to promote physical and mentd health and well-being.
SPEAR- running in T￿nIty House- offering advice, training and praclKal support for a nationally
acclaimed programme pro￿ding training supt*xt for 1&24 year olds not in Education, Employment
or Training.
A range of on&off rJ)mmunty and social wefiare thiti85 and events organised by local groups.
In 2023 the Trust undertook a fundraising CaMpa￿Jn which enabled urgent repairs to a dangerous extemal
wall and repaws to the main heating system. The remairEd of the funds raised was used In 2024 to repair
The Garage roof as well as other rnir￿r buildiThJ repairs and maintenance.
Flnanclal rgvlow
Total income in the yearwas £155,668 (2023- £186,149). The main sour(* of income was from charitable
gifts or donation$. which lotalled £60,652 {2023 - £110,639}- This figure was inclusive of £8.881 12023 -
£13,[￿0) Gtft re¢ov¢red. There were no restrthd gifts received vrithin the y&ar12023- nill.
TCT also generated £77,06912023 - £75,510) in the year through sales activity with income from the use
of its facilities.
Total Expendhure In the year was £17S.445 (2023 - £158.117). induding £3.927 {2023 - £3,402) on the
seNl¢e ¢harge as$o¢lated wlth Ihe leasehokl ofTrinty FusH)n.
There were no expenses agalnsl restrlcled fijnds In the year {21)23- nil).
The resulting deficit for the year was £19.777 {2023 surptus - £28.032). CumulalNe funds at the yearryend
We￿ £843,17212023- £862.949), whh* indudes no carrbj forward reslricled fvnds12023- nill.
At the year end, TCT owned tawible fLxed assets wlth a net book value of £1,343,019 (2023- £1.365,3521
and had net ￿rrent liabil￿e8 of £16,580 (2023-£5.200) TCTS c¥editors which are due after more than one
year are £483,267 {2023 - £497.203), which represents the balance of the ￿'ngdoM Bank mortgag8s
together with a private unsecured interest free k)an.
TCT is registered for VAT. Al items shown in the finan(aal stalements a￿ net of VAT. with a VAT debtor of
£1,171 {2023 debtor - £2,358) at the year*ThJ rewnting the balance of th& VAT quarter ended 31
December 2024.
TCT hdds no stock or Wty cash.
FutuTr Plans
The Directors are ￿eased to note the availabilNy of slgnffi¢ant fvnds durtng Ihe course of the year towards
energy effi¢len¢y upgrades lo the tNJlI dings, namdy Trinity House and Fusion. This will cover. CaV￿Y wall
insulation. Ilghling upgrades lo LED and PIR motion sensors and installation of solar PV panels. By the end
of 2024 the Ilghling upgrade had ¢ommen¢ed. y￿th the remainder of the work scheduled lo b8 completed
by mid-FebnJary 2025.
The Trustees are awe of Ihe Inherenl uncertainties in forecasting voluntary incomo., h)weV￿, the Trust
has demonstrated abilty to irKrease donations through direct appeals to supwrters. The Directors will
continue to exercise all appropriate internal controls. reporting and general finandal systems to ensure
effective financial management and lo limit final￿la1 eX￿)SUre wherever possible and ensure we can meet
all obligations as a'going concern,. The Directors did note and follow up on som8 delays In receiving license
payments from the PCC of Trinity che￿enhaffl during the latter part of the year. An agreement is now in
place for the outstanding sum to be paid.
Trinity Cheltenham Trust Llmlted
Annual Rewt and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Report and Financial Statements for the year ended 31 December 2024
Reserves policy
TCT does not intend lo build up subslanlial operational reserves. To minimise the risk of being unable lo
meet all ils financial obligations as they fall due, focusing on the need to pay long term liabilities, TCT
Tnanages ils cash flow so that there is usually al least sufficient cash flow reserves to pay the next three
months expenses. TCT does not employ any staff.
Statemènt of directors. responsibilities
The charity Iruslees (who are also the directors of the company for the purposes of company lawl are
responsible for preparing a trustees, annual report and financial slalemenls in accordance with applicable
law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity Iruslees lo propare financial slalemenls for each year which give a Inje
and fair view of the slate of affairs of the charitable company and the group and of the incoming resources
and application of resources, including the incorne and expenditure. of the charitable group for that period.
In preparing the financial slatemenls, the Iruslees are required lo..
select suitable accounting policies and then apply them consislenlly.,
make judgements and eslimales that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that
the company will continue lo function,.
observe the methods and principles in the Charities SORP,. and
slate whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy al any lime the financial position of the Company and enable them lo ensure that the financial
slalements comply with the relevant Companies Act and Charities Act. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
This report was approved by the directors on . 414 j<*•<..... 2025 and signed on their behalf by
Mr Nig
Direct
Mrs Eliza
Director
Trinity Cheltenham Trust Limited
Annual Report and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Report and Financial Statements for the year ended 31 December 2024
Independent examiner's report to the Trustees on the unauditod financial statements of
Trinity Cheltenham Trust Limited
I report lo the Trustees on my examination of the financial slalemenls of Trinity Chellenham Trust Limited
for the year ended 31 December 2024.
Respectivè rèsponsibilities and basls of report
As the charity's Iruslees of the Company (who are also the directors of the company for the purposes of
company lawl, you are responsible for the preparation of the accounts in accordance with the requirements
of the Companies Act 20061.the 2006 Act.).
Having satisfi'ed myself that the accounts of the Company are not required lo be audited for this year under
Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act"). In
carrying out my examination, I have followed the Directions given by the Charity Commission {LJnder section
145(5llbl of the 2011 Act.
Independent examlner's statement
I have compleleé my exarninalion. I confirm that no material matters have come lo my attention giving me
cause lo believe that in material respect..
accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or
the accounts do not accord with such records,. or
the accounts do not comply with relevant accounting requirements under section 396 of the
Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is
not a maller considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and
Republic of Ireland IFRS1021.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the financial statements
lo be reached.
Nicholas J Bishop
Pitt Godden & Taylor LLP
Date..
09-06
..2025
Trinity Cheltenham Trust Limiled
Annual Report and Accounts 2024

Trlnlty Cheltenham Trust Limited
Annual Report and Financial Statemonts for the year ended 31 Decèmbar 2024
Statement of FInancI￿ Actlvltles for the year gndod 31 Dgcombgr 2024 Indudlng Ineomè and
¢xp¢nditure account
2024
2023
Note
Income and endowments from:
Donations
Grant Income
Investment Incom8
Charitab18 activiti8S
60.652
17.942
110,639
75,510
Total Income and ￿￿loWMants
155.668
Expenditur• on-
Charitable activities
175,445
158.117
Total ¢xpendlture
158,117
Net movement in funds and
total funds ￿rIed forward
(19,777)
28.032
Total funds Lyought fcKward
15
862.949
834,917
Total funds carried forward
15
843.172
862,949
There are no recognised gains or losses in the above finar￿la1 year other ihan those passing through the
sta18m8nl of Financial Activities.
The noles on pages 9 to 16 fomi an Integral part of these financial statements.
Trinity Cheltenham Trust Lirnited
Annual Report and Accounts 2024

Trinty Choltenham Trust Limited
Annual Report and Financial Statements for the year ended 31 December 2024
Balancg Sheot as at 31 Decembor 2024
21Y24
2024
2023
2023
Notes
Flxad asset8.
Tanglble assets
1.343.019
1.365,352
Current a88ets
Debloryd
Cash at bank and in hand
10
31.269
24.992
56,261
5,785
55.290
Credltors: amounts falllng duo wlthln
one year
72.841
60.490
Not current ass¢ts
16.580
5,200
Totsl assats less curront Ilabllttlos
1.326,439
1,360,152
Craditors.. amounts falling dua aftor
morg than ong year
11
(483,267)
(497.203)
Net ass8ts
843,172
Funds
Unrestricted funds
15
843,172
862,949
Trlnity Cheltenham Trust Umlt8d
Annual Report and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Report and Financial Statemènts for the year ended 31 December 2024
Balance Sheet {continued)
The company is enlilled lo the exemption from the audit requirement contained in section 477 of the
Companies Act 2006. for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requifftmenls of the Companies Act
2006 with respect lo accounting records and the preparation of financial ststemenls.
The members have not required the company lo obtain an audit of its financial slalemenls for the year in
question in accordance with section 476.
These financial slalements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies regime.
The financial slalernenls were approved by the Directors on
2025
Miss Christine Robertson
Director
The notes on pages 9 to 16 form an integral part of these financial slatemenls.
Trinity Cheltenham Trust Limited
Annual Report and Accounts 2024

Trinlty Cheltenham Trust Llmltad
Annual Report and Financlal Statements for the year endéd 31 December 2024
Notes to the Flnanclal Statements
A¢countlng pollclas
Charlty Infomjatlon
Trinity Ch81tenham Trust Ltd K% a ￿1Vate ¢ompany limibj by guarantee inccffpora18d In ErvJland
and Wales
Basls of proparatlon
The finartlal stal8ments hav8 been prepared in ￿C￿darKe wttt) the trust's goveming document,
the Companies Act 2CX)6, FRS 102 Tr Fina￿1￿ Reporting Standard apFAKable in the UK and
Republic of Ireland. (°FRS 102") and the CharitM SORP "AccountityJ and Reporting by Charities..
Statement of Recornmended Pr&tw appluble lo Char￿@S preparing their a¢counls in accordance
with the Financial Reporting Standard 8pr4￿ble in th8 UK and Republ￿ of Ireland IFRS 102).
leff8Ctive 1 January 2019). The trust 1$ a Public Beneffl Entity as defined by FRS 102.
Tre trust has taken advaniage ofthe F)rovisions in ts SORP for charities not to prepare
statement of Cash Flows.
The ffn8ncial statements are prep*ed in sterllrKJ. whkh is the functK*nal oJrrenGy of the trust.
Monetary amounts in these financial statements ar8 rounded to the nearosl £.
The financial statements have been prepared under Ihe historical cost ¢onvention. The principal
accounliThJ polides adopted ar8 set wt below.
12 Golng concern
Al the time of approving the financial statements. the directovs have a reasonable expectstlon that
the charity has adequate resources to continue in operattonal existence for the forose8able future.
Thus. the directors Continue to adoptthe golw o)rwn basis of accounting in preparing the financial
slalements.
1.3 Judgements and est1mati(￿ un¢ertalnty
The Trusle&s make estimates and assumptions ca)n￿nIng ￿ future. The￿ we no Bstimales or
assumplons that have a signMcanl risk of causiro a materi81 adjustment to the carying amounts of
assels and liabiliti8s wlthin the next financkal year.
1.4 Funds
General funds represent the funds of the charity that are not subject lo any resM¢tlon$ regardlng their
use and are available for ap￿ICatiOn on the ger￿rnI purposes of the Trustees. Funds designated for
particular purpose by the Trustees aro also UnreStTkt￿.
Restricted fijnds reFwenl Ihe funds of the charity that can On￿ be used for particular restricled
purw>ses with in the object of the chafity. RestrrctKins arise when S￿c￿led by the donor or when
funds are rai8ed for Par￿lar purposes.
The financial statements IrKlude all tranS￿lons, assets and Ikqbilities for which the Trustees are
responsible in law. They do not indude the financial statements of church groups that (Y•ve th8ir maln
affiliation lo another t(Jdy nor those that are irff￿￿2[ gatherirKgs of church mernb￿.
Trfnty Cheltenham Trust Llmited
Annual Report and Accounts 2024

Trinlty Cheltenham Trust Limited
Annual Report and Financial Statem8nts for year ended 31 December 2024
Note8 to the FlnanGlaJ Stat8monts (￿ntInued)
Income and gndowm¢nts
The chartty is reglstered for VAT. Ir￿me from use of faalities represents the total invoic8 value,
excludirvJ VAT. of sales and rentals M￿18 during tha yw.
Donations and legacie5 are Induded In full In the statement of finandal a¢tivltigs when retswable.
Gits donated for resale are induded as ill(x)￿ when they are sold. Donated assets are included at
the value lo the charity where this can be quantrfied and a third party is bearing the cost. The value
of services prOv￿ed by volunteers has not boon induded.
Grants, induding grarrts for the purc*ase of fixa assets. ar& rec¥)gnlsed in full In Ihe Statement of
fin8ndal activities in the year in which they are r&xivatle.
Income from Investments is induded in the year in which it k5 receivable.
1,6 Exp8ndlture
Expenditure is recognised once there i8 a legal or constructive obligation to transfer econom
benefit lo a third party, it is wob8ble that a transfer of ecOrKmn￿ benefits I￿11 b8 requlred in
setUemenl, and the amount of the obfNJation can b8 measurwj r￿lab￿.
1.7 Taxatlon
The charities activities fall w￿h1n the exemptions afforded by Ihe provision of the Income and
Corporation Taxed Act 1988. AccordiThJty, there is ￿ taxation charge in these financial slalemenls.
1.8 Capltalisatlon and depreclatlon of tanglble flxed assets
Ail assets costing m(Ke than £1,(MXI are capitaiised.
Depreciation Is ￿￿0vIded at rates cathlaled to write off the cost ths residual value of each
asset (exduding freehold land) over its expthj useful lrfe, as folk)ws:
Fr881Tr)Id building5
Fixtures, fittings and equiprnent
Leasehold property
- 50 years strabht11
- 25% stravJht line
- 250 years straight line
1.9 L￿sIng
Rentsls payatAe urvler operating leases are (awged against I￿￿)me on a straight4ine basis over the
lease lefm.
1.10 Trade debtors
Trade d8btors are amounts due from ujstomers Servi￿ wforn￿d in the ordinary course of
business.
Trade debtors are recognised initsally al the transaction prKe. All trdde debtots are repayable within
one year and hence are induded at the undiscounted cost of cash eXp￿ted lo be received. A
provision for the Impalrnient of trade debtors is established when there objective evidence Ihal the
company wll not be able to collect al amounts due ac(xJrding to the original iemis of the debtors.
10
Trinlty Cheltonham Trust Llmlted
Annual Report and Accounts 2024

Trlnlty Chettenham Trust Llmhed
Annual Report and Financial Statements for tho year endod 31 Decembor 2024
Notes to th¢ Flnanclal Slatements {contlnued)
1.11 Trade crgditors
Trade creditors are obligations for pay for goods ￿ seNces that have been acoulred in the ordinary
course of business from suppliers. ACC￿Nts payableare dasslfied as curr6nt liabilrties rfthe company
d￿S not have an unconditional righL at the emd ofthe re￿)rlIng per￿, lo defer setuemenl for at least
ve months after the reporting date. otherV￿Se they are Fyesenled as non-current liabilities.
Trwje creditcKs are re¢ognlsed initially at the transaction price and are repayable wthin one year and
hen￿ are induded al the undls¢ounled am(￿nI of ￿sh exFthd lo b8 paid.
1.12 Flnanclal instruments
The trust has elected lo ap￿ the provisions of S￿tion 11 'Basi¢ Financial Instruments. and Sectlon
12 '0ther Financial InstNmenls Issues, of FRS 102 to all of its financial instNm8nls.
Fiftancial instruments a￿ rewised in th8 trusfs balance sheet whew) the trusl becomes party lo Ihe
o)nlraclual provtsions of Ihe InstrumenL
Flnanclal assets and liabillties are offset, with the net amounts presented in the financral statements,
wh8n thore is a legally enforceable right to set off the recognised amounts 8nd there is an intention
lo settle on a net basis or to redise the asset and setue the liabli ity simultaneously.
Basic financial assets
Bas￿ financlal assets. Wh￿ include debllxs and (ash and bank b8[ar￿S, are initialty measur8d al
transaction price including trans8CtM)n cx)sis and are subsequently Ca￿1￿ at am(xiised Cost using the
effective interest Met￿)d unless the a￿angernent conslthrtes a financing transacth)n. where the
transaction is measured al the present value of the futurè receipts discounted at a market rate of
Interest. Financi￿ assets dassifth as receivable within one year are not a￿0￿"sed.
Basic finandal liabililies
Baskfinanckql liabilitses. induding credriors and bank loans are initkqlly recognised atlransactlon price
unless the arrangement (x)nsttlutes a financing transaction, where the éebl instnjment is mea$ured
at the present value of Ihefubjre payments dis¢thJnted at a market rale of interest. Financial liabilities
classffied as payable within one year are ml amortls8d.
Debt instruments we subsequenty canied at amortised (x)s( usiry the effedve Interest rate method.
Trade c￿ltOrS are obligations to pay for good$ or servkes that have been acquired in the ordinary
Course of operations from Sup￿[er$. Amounts payatde are daSSif￿ as Qu￿ent Itabilities rf payment
is due within one year ty less. If not. they are presented as nonwcuThent liabilities. Trade credltors are
recognised initialty al transacthjn and subsequently measured at amortised cost uslng th8
effective Interest methoj.
De￿CognItion of financial liabilitles
Financial liabilities are dere(x)gnised when the tTusVs contrathal obllgatlons expire or are di8charged
or cancelled.
Trlnity Cheltonham Trust Llmited
Annual Report and Accounts 2024

Trinty Cheftenham Trust Limited
Annual Report and Flnanclal Stat8ments for the year ended 31 December 2024
Notgs to tho Flnancld Statements {contlnued)
1,13 Fund accountlng
Funds held by the charity aro either.
Unrestrlcted funds- these are fijnds which can b8 used in acciydan¢e wilh the ¢hwilable objects al
the discretion of the dir￿tOrS.
Designated ftjnds - these are fvnds vthich can bo used in accordance with the charitable oble¢ts al
the discretion of the directors.
Re8tricted funds - these are funds which can only be used for particular restricted purposes within
the objects of the charity. Restricti'ons arise %thn by the donor or when funds are ralsed
for particular purkTh)ses.
Further 8xplanalion of the naiure and purpos8 of each fuThJ is Induded in the notes lo Ihe finanGial
slatemenls.
Income from donatlons
2024
2023
Glfts and donations
Income Tax recoverable and rdated gift aid daimed
S1.771
8.881
97,579
13,060
60.652
Income from charltable actlvltle5
2024
2023
Income from use of f￿lI￿reS
Other income
77,069
75,510
77,069
75.510
Anatysls of expenditure on charltable adlvlttes
2024
2023
Costs of providirvJ knlities:
Donalions/Grants
DireGI wsts
Support costs
7.472
70,576
80,069
98,781
76,664
175,445
158.117
The charitable activities relate to the Fxovision of Trin￿Y House. Fusion, Winchcombe House and
Portfand House to Th8 paroch￿ Church COU￿1[ of the Eccleslasllcal Parish of Holy Trinty,
Cheltenham in supwt of their charitable oty'￿tives.
12
Trfnity Cheltenham Trust Llmited
Annual Report and Accounts 2024

Trfntty Chettenham Trust Limited
Annual Report and FinanGial Statements for the year ended 31 December 2024
Notes to th8 FInancI￿ Stat•ments (continued)
Activitles undertakon dlrecdy: Dlr8ct costs
2024
2023
Premises expenses
Rent, rates and utilities
Equipment purchases
Insurance
Repairs and ￿noW￿$
21.182
26,
3,371
4,599
43,063
18,670
21,271
1,880
4,471
26,284
98,781
70.576
Support Gosts
2024
2023
Bank charges
Interest paid
Legal and Professional fees
Other general & admin expenses
Depreciation
Independent examInat￿n fees
58
39,239
9.725
5,744
23,408
1,895
40.619
4,249
6,878
23,499
Staff costs
The chajity has no emptoyees. Th work of the charity k8 undertaken by volunteers ar)d employees
of The Parochial Churth Couwil of the Ecclesiastul Parish of HolyTrinlty Cheltenham. the recharge
of bookkeeping and rnanag￿nent accounts SerV￿eS as professK)nal fees Is Sn¢luded support
costs. the cost for the year was £3.60012023- £3.eA)O)
Rglated party dlsclosures
None of the dir￿)r5 any remuneration in the yw.
During the year under review ts charity charged The Parochid Church Council ofthe
Ecclesiastical Parish of the Hdy Trinty Cheltenham, a charity with common Iruslees, for resources
that were supplied during the year. Ch￿ge5 during the year amounted lo £86,65312023'. £86.653}.
At th6 end of 31 December 2023 there £21,663 outstanding {2023.- nil}.
thjring a prior year the charity received a loan from Kingdom Power TrusL a charty wth a Common
trustee, Mr Andrew Blyth. No interest is currenly be Cha￿ on this loan. There was a balance of
£22.CMXI oulstandirvJ as at the 31 December 2024.
13
Trlnlty Cheltonham Trust Llmlted
Annual Report and Accounts 2024

Trinity Cheltenham Trust Llmlted
Annual Report and Flnancial Statements for the year endod 31 Docember 2024
Notes to the Flnanclal Statemants (¢ontlnued)
Tanglblg fix¢d ass¢ts
Freehold
land and
buildlngs
Leasohold
property
Flttlngs,
flxtures
and
•qulpment
Total
Cost
At 1 January 2024
Additions
Disposals
1,089.982
26,491
1.166
1,605,473
1.166
Al 31 December 2024
1,089,982
489.000
27,657
1,606.639
Depreclatlon
At 1 January 2024
Charge for the year
018posals
183,475
21,300
30.155
1.956
26,491
243
240,121
23,499
Al 31 December 2024
204,775
32.111
26.734
263,620
Net book value
Al 310ecember 2024
885,207
923
1343 019
At 1 January 2024
)6.507
458,845
1,365,352
10.
Debtors
2024
2023
Trdde Debtors
Gift aid re(x)verable
VAT debtor
Prepayments and 1￿me
21.903
3,674
1,171
4,521
48
1,346
4,391
31.269
5.785
14
Trlnty Cheltenham Trust Limlted
Annual Report and Accounts 2024

Trlnlty Choltonham Trust Limited
Annual Roport and Financial Statemgnts for the year ended 31 Decembèr 2024
Notes to the Flnancial Slatemgnts (contlnugd)
11. Crgditors: amounts falllng duo wlthln one year
2024
2023
Bank loan (secured)
Short term loan
Trade creditiKs
Corp(Kale Credit Caré
Accnjals and defetryl Irmme
VAT Liability
12
47,605
48.245
19,883
77
5,276
5,962
75
3,850
2.358
72,841
Due after ono yoar.
2024
2023
Bank loan (secured)
Olhw long term loans
12
461.267
22.000
472,203
31,500
483,267
497,203
12.
Loans and borrowlng8
Curr8nt loans and borrowlngs:
2024
2023
Bank loan18ecur&l)
Short lerni loan
47,605
48.254
47,605
48.254
Nonacurr8nt loans and borrowings:
2024
2023
Bank loan (secured)
Other long term loans
461,267
22,0
472,203
31,500
483.267
497,203
The bank loan L8 seojred against the pro￿tieS held by the Company.
13.
D￿erred Income
2024
2023
Balan￿ as at 1 January 2024
ReceNed in the year
Amount released in the year
Bdance as al 31 December 2024
15
Trinity Chettenham Trust Limited
Annual Rèport and Accounts 2024

Trinity Cheltenham Trust Limited
Annual Rep¢)rt and Financial Statements for the year ended 31 Decembor 2024
Notes to tho Flnanclal Stat8monts {contlnu8d}
14.
Company status
The members of the (x)mpany are the direGlors named in the directors. rep¢)rt. In the event of the
charity being wound up, the Ikqbility in respect of the guarantee is limited to £10 per member of th8
charity.
15.
statement of movement In reseN8s
Funds
Balance al 1 January 2024
Movement in the year
862,949
(19,777)
Balance al 31 December 2024
16.
Oporallng l¢as¢ ¢ommilm¢nts
At the reporting end dale, Ihe company had cAJtstandiThJ commitments for fijiure minimum lease
payments under non-cancdlatAe operating ￿SeS of £3,028 (2023: £3.9651
16
Trinity Chenenham Tntst Limited
Annual Report and Accounts 2024