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THE EVANGELICAL FELLOWSHIP TRUST CARLISLE TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31 August 2022
Contents PAGE Trustees Report 1 – 3 Independent Examiners report 4 Receipts and Payments Account 5 - 6
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THE EVANGELICAL FELLOWSHIP TRUST CARLISLE
TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31 August 2022
REPORT OF THE TRUSTEES
The Trustees present their report and the accounts for the year ended 31[st] August 2022. The accounts comply with the Charity’s Trust deed and applicable law.
REFERENCE AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1134899
TRUSTEES
The Trustees set out below held office during the year from 1[st] September 2014 to the date of this report unless otherwise stated:-
B C Proudfoot (Chairman) W J Proudfoot K Carr F Johnston S Proudfoot
PUBLIC ADDRESS
Highfield 10 Longlands Road Carlisle CA3 9AD.
Bankers
National Westminster Bank 92 English Street Carlisle CA3 8NF.
Independent Examiner
Mr J Payne Sandpiper 14 Deganwy Quay Conway LL31 9DQ.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Evangelical trust Carlisle is a charitable Trust, governed by a Trust Deed, principally for the making of grants. Trustees meetings are held once or twice a year to make decisions regarding the operation of the charity. Trustees discuss and vote on the matters including the grants to be made.
Recommendations for new Trustees can be received from any existing Trustee and will only be ratified by unanimous agreement.
OBJECTIVES AND ACTIVITY OF THE CHARITY
The primary objective of the charity is to promote and encourage Christian Missionary work either in Cumbria or abroad, including the advancement of the Christian religion, and to further the education (including both physical and social training) of Young People resident in or attending schools in the Charity’s operational area and elsewhere. In addition the charity makes provision for needy and retired missionaries.
The main activity of the charity is the making of grants to Charities, Charitable Missionary agencies, churches and individuals to achieve the objectives of the charity.
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THE EVANGELICAL FELLOWSHIP TRUST CARLISLE
TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31 August 2022
REVIEW OF THE YEAR
The year to 31[st] August 2022 saw a decrease in receipts to £59,716 from £62,236 in the previous year. Tax refunds of £9, 926 (2020 – £5,006) were received in December 2021. The Trustees would like to record their sincere thanks to all donors.
The Receipts and Payments account on page 5 of these accounts summarises the operating result for the year.
INVESTMENT POLICY
The charity normally maintains it’s surplus cash in a deposit account with the charities bankers and a Building Society, however due to the very low interest rates available the funds have been kept available at no notice in the charities current account. The Trustees are currently assessing the options to better invest these funds given the change in climate and better interest rates on offer.
RESERVES POLICY
The cash reserves of the charity were £193,204 at 31[st] August 2022 (from £179,888 on 1[st] September 2021). None of the reserves are restricted.
The Trustees confirm that the charities assets are available and adequate to fulfil the obligations of the charity. The Trustees confirm that the balance of reserves will continue to enable the Trustees to consider future grant applications that fall within the objectives of the charity.
PUBLIC BENEFIT
Like all other registered UK charities The Evangelical Trust Carlisle operates for the public benefit, which is to advance the Christian religion and to advance the education of young people. The Trustees have regard to the guidance contained in the Charity Commissions’ general guidance on public benefit when reviewing the charities aims and objectives and in planning the charity’s future activities.
FUTURE PLANS
The Charity will continue to make grants to promote and encourage Christian Missionary work.
RISK POLICY
The Trustees regularly review the major risks to which the Charity may be exposed.
By order of the Trustees
W J Proudfoot Secretary
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THE EVANGELICAL FELLOWSHIP TRUST CARLISLE
TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31 August 2022
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS
Accounts year ended 31[st] August 2022 on pages 5 and 6. Charity number 1134899
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] August 2022
As the charity trustees of the trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
Accounting records were not kept in accordance with section 130 of the Act or
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The accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J Payne FC A.
Date: 22[nd] June 2023
Mr J Payne Sandpiper 14 Deganwy Quay Conway LL31 9DQ.
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| Charity Name The Evangelical Fellowship Trust Carlisle |
No (if any) 1134899 |
|---|---|
Receipts and payments accounts CC16a For the period Period start date Period end date To from 1st September 2021 31st August 2022
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 21,710 4,080 - 9,926 24,000 - - 59,716 - - - 59,716 46,400 - - ~~-~~ - - - 46,400 - - - 46,400 13,316 - 179,888 193,204 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - ~~-~~ - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - ~~-~~ - - - - - - - - - - - - |
Total funds to the nearest £ 21,710 4,080 - 9,926 24,000 - - 59,716 - - - 59,716 46,400 - - - ~~-~~ - - - 46,400 - - - 46,400 13,316 |
Total funds to the nearest £ 21,710 4,080 - 9,926 24,000 - - 59,716 - - - 59,716 46,400 - - - ~~-~~ - - - 46,400 - - - 46,400 13,316 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 21,710 | 39,150 | ||||
| Income from Investments | 4,080 | 4,080 | ||||
| Bank Interest | - | - | ||||
| Tax refund | 9,926 | 5,006 | ||||
| Company gifts | 24,000 | 14,000 | ||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
59,716 | 62,236 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 62,236 | ||||||
Grants |
46,400 | 36,300 | ||||
| - | ||||||
| - | - | |||||
| - | - | |||||
| ~~-~~ | ~~-~~ | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 46,400 | 36,300 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 36,300 | ||||||
| 13,316 | - | - | 13,316 | 25,936 | ||
| - | - | - | - | - | ||
| 179,888 | - | - | 179,888 | 179,888 | ||
| 193,204 | - | - | 193,204 | 205,824 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds |
Details Natwest Current |
Unrestricted funds to nearest £ 193,204 |
Restricted funds to nearest £ - |
Endowment funds to nearest £ |
|---|---|---|---|---|
| Natwest Current | 193,204 | - | - |
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| Natwest Capital reserve | 0 | - | - | |||||
|---|---|---|---|---|---|---|---|---|
| Cumberland Building Society | - | - | - | |||||
| Total cash funds | 193,204 | - | - | |||||
| (agree balances with receipts and payments | ||||||||
| account(s)) | OK | OK | OK | |||||
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | ||||||
| Details | to nearest £ | to nearest £ | to nearest £ | |||||
| B2 Other monetary assets | Income tax repayment | 5,490 | - | - | ||||
| - | - | |||||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|||||
| B3 Investment assets | 10200, £1 Ordinary shares in Fred | Endowment | - | - | ||||
| Proudfoot Limited | ||||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|||||
| B4 Assets retained for the | - | - | ||||||
| charity’s own use | - | - | ||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| Fund to which | Amount due | When due | ||||||
| Details | liability relates | (optional) | (optional) | |||||
| B5 Liabilities | - | |||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | Date of approval | |||||
| W | J Proudfoot | 22/06/2023 | ||||||