REGisfERED COMPANY NUMBER: 07352319 (England and Wales) REGISTERED CHARITY NUMBER: 1138119 cliurch trust Report ofthe Trustees and Fin¥neial Stslements Year Ended 30th September 2024 Church Growlb Trust Limited Church Growth Tntst Limited Contents of the Financial Ststemenls for the Year End¢d 30th September 2024 Page Legal & administr2tive inforniation I to 2 Report ofthe Trustees 3 trj 13 Report of the Ind¢pendent Auditors 14 to 16 Statement of Finanti#l Activities 17 B21An¢e Sheet 18 Cash Flow Ststement 19 Notes to the Cash Flow Statement 20 Notes to the Financial StstemeDts 21 to 31 Detailed Statement of Flnantial Activities 3? to 33 Church Growth Trust LÉmited Letral & Admintstr2tive Inforn]ation for tbe Year Ended 31hh September 2024 Charity Name Church Growth Trust Limiled Registered Company 07352319 (England and Wales) Registered Charity No. 1138119 Registered office The Barn. Baines Lane, Seaton, Oakham LE15 9HP Governing Document Memorandum and Articles of Association dated ?0 September 2010 as amended on 19 February 2016. ?5 September ?018 and 5 Odober 20?4. Objects To perniit properties held by the charity to be used by independent churches and Christian missions and evangelical churches as ¢hurche4 mission halls, church centres. minislers, residences and othetvlise for furthering the religious and other charitable work of such independent churche4 Christian missions and evan8eli¢al churches. To make grants or loans or give guarantees for the purpose of: Enwurdging the planting of independent ¢hur¢hes in the UniTrd Kingdom Developing. en¢ouMging and supporting independent churches in the United Kingdom A55iSting Christian missions whose primary purpose is to plant andloT SUPPOrt and work with independent churches in the United Kingdom Also to apply the income of the charity: in developing encouraging and supporting independent churches outside the United Kinodom and in &s5iSting Christian missions whose primary purpos¢ is to plant independent churches outside ihe United Kingdom: in making grants or loans or giving guarantees to evanoelical churches. An making grants or loans or giving guarantees to Chrisiian missions To promote the effectiveness and efficiency of independent churches, evangelical churches and Christftan missions by the provision of.. Advice services on property issues, new legislation and good practice in relalion to the operation and management of churches and missions. Seminars, guidance and infoffliation on legal. protty and charity malfrr5 affecting churches and Christian charitie5 Trnstees N J Walker RJones R E Canham S R David D J Leafe S K San]on M A Wallace P Withams Chairynan Vice Chairnlan (appointed ?4 May 20?4) (appointed 3 Oct ?024) Company Secretsry G Willi5 (replacing A M Giles Arnold) Key Management Personnel The charity considers its key manauernem personnel to comprise the Trnstee& Chief Executive (A M Giles Arnold MRICS). Operations Director (Garryl Willis) and Property Manag¢r (Jonath3n Bennett). Church Growth Trust Limited Legal & Administrative Information for the Year Ended 30th Stpttmber 2024 Bankers CAF Bank Ltd 25 KinJo Hill Avenue Ktngs Ftill. West Malling Kent ME19 4JQ Auditors Sheen Stickland Chartered Accountsnts 7 Easl Pallant Chichester West Sussex P019 ITR Solieitors Ellis-Fern]or & NegLt5 2 Devonshire Avenue Beeston Nottingham NG9 IBS Page 2 Church GroM*h Trust Limited Report of the Tntste¢s for the Year Ended 31)th September 2024 The T￿Ste¢S who are also directors of the charity for the purposes of the Companies Act W06. present their report with the fmancial statements of the charity for Éhe year ended 30th September 20?4. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 10?) (effective l January 2019). OBJEcrtVES AND AcfIviTIES Vision As the name suggests, Church Growth T￿￿ ("CGf) aims to offer not only propety and trusteeship services but also ways of helping churches to grow. Its current working vision is 'We aspire to glorify God by securing for Gospel use independent chu￿￿ properties and together with churches making them fit for their God-given purpose" In ￿rth¢rance of the objerts CGT pennits church congregations lo occupy CGT'S properties for a rent that is concessionary to the commercial market and also CGT helps fund extensions artd improvements to the Chartty's prop¢rti¢s. The Truslees cnntinue to look for new ways of encournging church gr0￿h. Church Gromrth Trust supports church planting work through working closely with Counties (Charity Number 264?78) and GLO (Charity Number SC049681) and making an annual 8Yani to them, as well as giving free advice to church planters and churches supported by Counties. The Trustees want to combine the work of ensuring that churches have good governance. with inspiring and equipping them for future growth Mlsslon Church Growrth Trust aims to fulfil its vision by: o HoldAng and accepting independent church properties (as owner or trustee) and-. Blessing churches which occupy its buildings by granling concessionary rents. Helping these churches to keep their properties in good condition, compliant with legislation and suitable for modern church use, including helping lo fund building prOJ￿ts. Providing professional property and architectural services aJKI guidance in church practice and governance, in¢luding encouraging churches to make best us¢ of their properties. Supporting church planting and revitalisation of independent churche& Values At th¢ heart of Chur¢h Gromth Trust's approa¢h to everything CGT does are four core values of: The heart of God is g¢nerous, and Christians are to be imitators of CGT staff and Trustees commil lo being gener()us with their dealings with others, their time. sharing knowledge. their openness io collaborate and their willingness to work with others and point to and promote other organisations. They commit to speaking well of others and of their colleagues. They comrnit to beino ready to give Iheir best and give that bit extrn when circumstances ￿qUIre it. Relationshi The Tn￿teeS understand that (k>d prioritL5es ￿ lationship above all else. They and CGfs staff wanl to behave in a way that values .%' relationships higbly. CGT5 aim is to develop long iern], mutual value relationships. It Seek-s to undeistand where it fits relationally into the Kingdom of God. The Trustees and staff commit to do all they (an to maintain good relationships with others. Page 3 Chureh Growth Trust Limited Report of the Trustees for the Year Ended 30th September 2024 OKJECTIVES AND ACTIVITIES Inte The Trustee5 and staff Commit to being straighrforward and honest with all those they interact with. Their aiin is that what they present or say will always be matched by what they andlor do. They will comply with all cu￿ent legal and regulatory requirements relevant to their WOTk and strive to promote the spiriL not just the letter, of the legal framework Excellence Everythino the Trustees and staff of CGT do they want to th) M'ell. If this is the work of the Kingdom. it must be done excellently. They commit, and expect their colleagues to be committel kn high quality work. They seek constantly lo improve wbat they offerand when they makemistakes, they will tske responsli )ility. Iwn from them and thereby improve. They will develop new processes and systems to improve the efficiency. effectiveness and quality of the services that they provide. The Bible gives clear guidance that ChiTStians should be above reproach in all they do. Seeking to apply this Bibli¢81 imperative the Trnstees endeavour to apply the Charity Governance Code. including the updated Code published on 8 D¢¢¢mber 2020, and the Nolan principles (selflessness. inicerity, obje¢tivity. accountability, openness. honcsty and leadership). Furthennore, believing that ￿rnjPtIOry bribery and unfairaltions hamper development and impede progress Ihey insist on integrity in all the Charity's activities. STRATEGIC REPORT Principal Activities - review of iht last year Ln exercisingtheir wwers and dLrties and in making d￿ls1OnS concerning the operdtions of the Charity in the period under review the Trustees have had regard to the public benefit guidance issued by the Charity Comrni&qion. including the guidance which relates to chariti¢s for the advancement of religion. The following paragraphs explain how the Charity, activities give public benefit, including keeping places of w0￿h1p open for public worship. The main activities Hthich the Charity has undertak¢n in furtherance of its aims are set out below. l.New s and Ownershi CGT'S policy is to actively promote its services of holding church properties and to accept the transfer of the ownership or trnsteeship of church properttes in order to relieve individual trustees of the burden of responsibility, including the difficulty of finding new trustees when current trnstees want to retire. When a ¢ongregationla&8ernbly closes CGT will ensure, so far as wssible, the church property continues to be oeeupied by an evangelical church as a place of worship and a centre for mission in the neighbourhood. CGT Charges concessionary rents to make the properties affordable for occupying churches. The rental income contributes to CGT bein8 able to fund its services to occupying churches, church building projects and church planting work During thc year Dagenh3m Community Church and Boyton Mission Woodbridge (previously where CGT was acting as custodian trustee for both), Bishopstuk¢ Evangelical Church Eas¢leig￿ Malvern Gospel Hall. Atherton F.vangelical Church and Bethesda Chapel SouthFXTrrt were gifted to CGT. CGT Was appointed sole trustee of Great Warford Baptist Chuwh Alderley Edge and <￿er Baptist Church Cambridge, was appointed Custodian trustee of Southgate Evangeli￿1 Church Gloucestsr, and was appointed holding trustee of Bideford Town Mission and M￿theW Henry Evangelical Church Chester. Page 4 Church Growth Trnst Limited Report of the Trustees for the Year Ended 30th September 2024 The Chief Executive is aLso in discussion with a number of othcr churches and Brethren assemblies with regard io gifting properties beneficially to CGT, the appointhient of CGT a£ sole trustee, and th¢ appointment of CGT as custodian or holding trustee. CGT continues to work closely with the Fellowship Property Trw (the trusteeship services of th¢ Fellowship of Independent Evangelical Churches), which is closing its tnjsteeship services. A database of independent evangelical chujrhes in F￿gland and Wales. where the churches are not already provided for by other organisations (e.g. the Westem Counties and South Wales Evangelization Trust) are being ￿ntacted sensitively and appropriately to make them aware of CGT'S Irusteeship and consultancy seTvices. Mana ement of Existin CGT owns for its own charitable purposes I I I properties. CGT continued to manage its properties in line with lis objects. This includes visiting almost every property that is beneficially owned or held as sol¢ trustee over the last year. In most e5 where the ChiefExecutive. Property Manager and the Architect have visited the properties, a reFQrt on ihe condition of the property and other issues that have been rnised at the visit is produced and given both to the occupying church (for them lo action) and to the Trustees. CGT helps occupying churches to deal with issues as they arise, to ensure they meet their legal obligations under their tenancie&Qeases and genernl leoislation. This includes helping churches keep their pmperties in good condition, compliant with legislation and suitable for modem church use. CGT emplty a Property Manager, to pro-actively manage CGT'S properties and ¢ontinue to improve services to the occupying churches. The part-time Property Administrator 8SSiSts the Propeity Manager in his role. CGT ¢ontinues to grant tenancies to occupying ehurches. In line with CGT'S objects and genernl policy all the tenancies have been let at a concessionary rent to the comme￿181 market rate for church propertie5. Th¢ overall con¢¢ssions from market rent levels for all CGT'S properties are e5tTmated to be £1.84 million. These lower rents help churches, ¢specially during their early stages of gn)wth to more effcctivcly finance their charitable objects of proclaiming the Gospel. w0￿1ng in Ihcir community and general ministy and missio CGT continues to pay for the Stewardship Consultancy Helpline on behalf of all its occupying churches, so that they can make use of this facility (legal, property. aC￿untIng. insurance, employment and aid advice). CGT'S Architeth. as well as undenaking consultancy work for church clients. has also helped CGT"s occupying churches with building P￿Jects, in most cases for no charge. This has included a number of feasibility studies to help chLtrches Consider how they can expand or adapt the properties. CGT helps fund repairs to its own properties. Where the occupying church cany out the worK further rent con¢essions are given. Where CGT pays forthe worl this is either through grants or loans to occupying churches. Sa]es ofPro erties There have been no sales of properties owned by CGT over the fin￿CiaL year. Page 5 Church Growth Trust Limited Report of the Trustees for the Year Ended 30th Sept¢mber 2024 Grant In line Mryth CGT'S objects of supporting church planting work. CGT made grants of£19.500 to Counties (Charity Number ?64278) and £10,500 to GLO (Charity NumEtr SC049681) for church planting work inthe UK. A further grdnt of £?5,000 has been made to Counties (Charity Number ?64?78) to supprt the WO￿ of networking independent churches in the U A grant of £5.000 was made to GLO {Charity Number SC049681) to suptK)rt the publication of Perspectives magazine. previously published by Partnership UK (Charity Number 802564) and a book.. Grdnls of £3.000 were made to support the Living the Passion Conference and £2,500 10 Old City Hall. West Mersea to help ihem with fundraising for thelr building projecl bringing the total of grants during the financial year 10 £65.500. uildin Pro ects A number of CGT'S occupying churches havc drawn up plans for building extensions to cope wilh their growth or provision for disabled access and CGT has provided support. including architecturdl services and fundin These include: Lewisham, Loampit Gospel Hall - building project for rebuilding parapet w211 and chimneys. East Cowe4 Clarence Road Evangelical Chur¢h- disabiliry access and refvrbished internally. Hastings, Tabernacle c.hapel - new roof. Liphook. Milland Evangelical Church - solar panels and tmwovernenls ￿ the house. Southport, Bethesda Chapel - n)ofing ond new heatin& dvi In fulfilment of CGT'S objects, it continues io advise churches ond trustees on various propety and trusteeship matters, with much of this advice being given frec of charge at m¢etings, on the telephone, by email and via its practical 4yuides on its website. CGT also provides a Consultancy service for churches and other chartlies as many struggle to find SUiTable sympathdic and ¢ost*ffective professionals to advise them. Due to the Chief Executive EEducing his hours, consultsncy work on negotiating leases and purchasing properties has stopped CGT still provides help for indep¢ndent evangelical hur¢hes in the following areas: Guidance on major projects Planning pennission for change of use Charity advice ArchiteGtural services for building projec￿ including extensions and alterations to existing buildings Asbestos surveys & management plans, A¢¢ess audits and Condilion surveys as part of Feasibility studies for ¢hur¢hes. azine Email Bulletin Fa¢ebook Website and kntical Guides In furthering its mission to keep chuT¢hes and charities up to date with legislation and the services that it provides, CGT produced two "Foundations" magazines over the year. which were sent out by nonnal p)sl to approximatrly 1.000 Brethren assemblie& other independent evangelical churches and other interested partie5. These have been received well. CGT sends out weekly email bulletins and ￿$t$ on Fa￿book with each week foCU￿d on a specific subjecr. There are many resources available on CGTS website, includ&ng i8 prnctical guides to keep its connected churches and propertyl¢harity truslees up to date with charity and other leoislalion. Other onn¢Gted Or isations CGT continues to be involved in organi5ing and sponsoring, with Counties (Charity Number ?64?78), GLO Icharity Number SC049681), and Echoes Internationa] (Charity Number 1173851), the national Living the Passion conference. whi¢h took place in October ?024. The Chairs and ￿0S of CGT. Counties (Charity Number ?64?78). GLO (Charity Number SC049681), Partnership (Charity Number 802564) and Echoes Intemational {Charity Number 1173851) have met once this year to consider ways of working more closely and sharing resourtts. CGT also WOTks closelywtth Counties and GLO on a church revitalisation project. Church Growth Trust Limit¢d Report of the Trustees for the Year Ended 30th September 2024 FINANCIAL REVIEW CGT is funded by donations. rents from proFthie4 fees from acting astrustee and from professional worL and investment income. Financial position The Statement of Financial Activitie& Balance Sheet and statement of flows can be found on pages 18. 19 and ?0 respectively. CGTS reserves increased by £l,00? 191 (20J? Inc￿Sed by £710,837) during The year. The balance sheet Shows total net assets of £22,793,734 (2023: 21.7?1,54i). Cash and cash equivdlents de¢reased £86.455 from £713.010 to £6?6555 (2023: increased £i,O10 from £709.997 10 £713,010). The charity's financial position is satisfactory. with a recorded surplus of £1.00? 191. Operational activities in the year resulted in a deficit. as the charity Wds focussed on ensuring owned properties were brought up lo the highest slandard possible. This figure is ihen mitigated by prop¢rties valued at the year end at £1,09J.394 being gifted to CGT. The value of the freehold properties owned by the charity provides a nominally strong fTnaD¢iat position. This increased by approximately £1,08l.372 duringtheyear. p2rt1y reflecting the giftints of six new prop¢rties. The holding ofthese property assets is fundamenta] to the charity's objccLs and, although unrL%tricted assets. they are held for thc long-lenn purposes of the charity. To reflectthis and to distinguish the fixed assets from those held for general operational purposes the Board of Trustees has resolved they should be held in a designated Fixed Asset Fund. The charity deregistered for VAT with effec¢ from l July ?024. EXPEr￿DITuRE COME & EXPENDITURE Net income r.:>pe.:"I Officè and >LII)l)OIt, 27Y. EAKDOWN OF INCOIVIE P4 oféssional services & niisc, £46,855 Page 7 Church Growth Trust Limited Report of the Trustees for the Year Ended 30th September 2024 Reserves policy Included in total funds are amounts totallÉng £11? 346 (2023: £216.8V) which Testricted. These monies and their use restricted to, specific pu￿Ses. as specified by donors. Full detsils of these ￿&tricted funds can be found in note 18 to the accounts together with an analysis ofmovements in the year. The Trustees have examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. The Trustees consider that. given the nature of CGfs Work, free reserves should k equivalent to approximately 3 months, routine general ftind expenditure together with a disaster fund for major works and io allow for varialions in hflow plus committed fijtrjre expenditure on other project% where fijnds ￿mIlL The Trnstees are of the opinion that this provid¢s sufficient flexibllity to cover lempordry shortfalls in incoming resources and will allow CGT to cope and respond to unforeseen erneryvencies whilsi specific action plans are implemented. At 30 September ?024 CGT had net free reserves of £271,705 (20?J". £357.358) as follows= 2024 2023 Total r&8Èrves Less: restricted funds Less: unr¢stricl¢d fixed assets used for the continuing work of CGT Less: Imresiricted fixed asset investments used for the continuing work of CGT ??,723,734 (122.346) (?77) (22,329.406) ?1,7?1,543 (216.87?) (347) ?1.146.966) ?71.705 357.358 2024 2023 Free reserves requirement Three months, budgel¢d routine core opernting costs Disaster fund for major works Vartations in the cashflow 140,OIX) 165,000 1?5.000 160,000 loo.000 loo 000 4?0.000 The trustees are awa￿ that the free reserves requirement is in excess of free reserves. due to two specif1¢ and exceptional cases to support churches. The Trustees have plans to replenish these reserves ovtr the coming year, ASSETS HELD ON BEHALF OF OTHERS Church Gmwth Trust acts as Sole Trustee of 30 separate Trusts. which hold properties andlor funds. Although CGT holds the legal title to all properties within these Trust4 it has no benefieial interest in those properties and th¢y are not incorporated in the charity's firthnoial statements. CGT 15 Custodian or Holding Tntstee of 41 properties. being mostly church buildings which are used for Christian worship. CGT'S involvernent as Custodian and Holdlng Trustee is genernlly limited io holding the legal title to each property and because CGT h&8 no ￿nefiCIal intercst in those propertiesthey are not incorpordted in the Charity's financial statements. Page 8 Church Growth Trust Limited Rtport of the Trustees for the Year Ended 30th September 2024 PLANS FOR 202412025 l. Man tment of Pro crties CGT WRII ¢ODtinue to look at ways of improving its pro-active management of its Properties, including continuing its policy of reviewing risks. visiting ea¢h property every year or every other year. producing rerK)rts on each property visit and keeping regular ¢onfact with the occupying churches. It will also continue to provide the Stewardship's Consultsncy Helpline for each of the occupying chur¢hes. CGT'S Property Manager, Property Administrntor and Architect are improving CGfs proa￿7Ve management of its properties. This is enabling CGT to deal more effectively with Ihe increased number of properties comtng to CGT and to provide an even ￿tter service to the occupying churches. Their WO￿ includes helping churches deal with major repairs, ensuring the churches are compliant with legislation and discussing building projects to improve the building Each occupying church has in the past had a responsibility to cairy out a Condition survey durints their tenancy. CGT is now providing this service to help churches. CGT has also made a￿angcments with Wootton George Consulting (fundraisinty consu]tants) to give all its occupying ¢hur¢hes access to a church grants website and training on making grant applications. 2. EtoiLcts The Trustees anticipate being involved in a number of building projects over the next few years including ihe following- lihyl, Vale Puk Chapel - reconfigurin8 the building layout. Llandudno, West Shore Baptist Church - new a¢￿Ssible rdmp and WC. Oxford, Northway Church- new ellensions. Stafford. Highfields Christian Centre - new accessible WC and kttchen. Swindon. Penhill Gospel Hall- portakabin. Wolvcrhampton. Westbury Chapel- new lifL Bideford Town Mission - disability access projeci. Bethesda Gospel Hall. Darlin8ton - ttfurbishmenl. Bethesda Chapel, West Bromwich - new accessible WC. Liph(y)k, Milland Evangelical Church - new roof and accessible WC/entrance. Sidcup, Birkbeck Hall - reconfigure layout and accessible WC. West Merse4 Old Cty Hall - extension and refU￿]shments. Wrexham, New Zion English Baptist Church - rebuilding ext¢nsion. Wifjkford, Miracle House - enlarging worship area. 3. New Pro ert The trustees of Zion English Baptist Church Wrexham, Dial Park Hall Sto¢k"por¢ Rock"ingham Road Gospel Hall Corby, Victoria Hall Cowes and Pinehurst Gospel Hall Swindon have also agTeed to gifting their propxrties lo CGT. Langley Park Baptist Church Durham and Christ Church Evangelical Fellowship Peckham have agreed to appointing CGT as sole trustee oftheir property Trusts. There are a furth¢T 16 churches. where further groups of prop¢rty trustees, have expressed an interest in CGT'S trustecship services. wh¢ther sole, holding or cuaodian. 4. chU￿h and Chari onsultanc WoTk There is a growing need for property consultancy seTvicesat reasonable rates forchur¢hes and charities. CGT'S Architect continues lo provide archite¢turdl services, mainly to independent evangelical churches. Page 9 Church Growth Trust Limited Report of the Trustees for the Year Ended 30th S¢ptembtr 2024 5. Advisi Church Trnstees & Model CIO CGT will continue in line witb its objects to give best practical advice on legislation and church govemance to church and property trustees through meeting4 conveTsations, practiol guides and working with other oriyanisations suGh as Stewardship and specialist solicitors, surveyors. a￿hIteCtS and oihers with technical expertise. In ¢onjunction with Wes*rn Counties aud South Wales Evangelization Tru￿ CGT has produced and Tecently updated a Model CJO forelder- led ¢hur¢hes and this is available fice of charge on CGT'S w¢bsite. 6. Chher ations CGT anticipates making grants to Counties (Charity Number ?64?78) and GLO (ch￿lty Number SC049681) for their church planting work in the year. CGT will continue its involvement with the chU￿h revifalisation project (with Counties and GLO) and future Living the Passion conferences (with Counties. GLO and E¢hoes International). The Trusle¢s anticipate working closely with Stewardship (Charity Number 234714) as the property and charity adviser (on church property trusts) on Stewardship's Consuliancy Helpline. CGT will also work closely with specialist charily solicitors on trust matters for new church ¢ongregations and c04)perdting with oih¢r specialist advisers in producing ff levant and up to date pr2cli¢a] guides. vestments Church GroH¢h Trust h&s the power to deposit any monies deed, Se￿WitieS or investments with any bank or any person fimi or corporation anywhere for safe custody or re¢eipt of dividends or other income and to pay out of the income of the Charity any charges payable for such deposit and cuslody. In order io maximum tFLe return, to ￿nefit from depositor prn)tection and to maintain flexibility of access to 115 fu￿14 CGT plaees funds in a range of charity deposit account specifically agreed by the Trustees. The current policy is to retain in its Current accounts £177500 to cover three months ¢ash flow and to hold other funds in various Savin￿(1 accounts to obcain the best rat¢ of Inle￿$( but lo maintain flexibility on being able to withdraw the funds for various anticipated buildin ? projects. a2ine Email Bull al Media The Trnstees anticipate sending Out two Foundations magazines in the year and continuing with the weekly email bull¢tins, sending these to ¢onne¢ied churches and clien1S to keep them informed of new legislation and provide thern with practical advice on propety and charity mallers. CGT is also intending to send its Foundations magazine io churches on its database from the recent research into independeni evangelical churches and to contact these chuTches and those which already receive the magazine to ensure they are amzre of CGT'S services and that CGT has up to date infonnation on th¢m. CGT will continue its social media presence on Fa¢ebook to build ￿latiOnS with and between its occupying churches and clients. Page 10 Church Growth Trust Limited Report of thè Trustees for the Year Ended 30th September 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity was established under a Memordndum of Association which establishes the objects and the powers of the charity and is governed under its Articles of Association. All Direclors of the Comwany are also TTUStees of the charity, and there are no other trustees. The Trustees of Church Growih frust Limited have the power by a two thirds majority to appoint additional Trustees. There is no forn￿7 reeruitsnent praciice, but the Trustees and the Chief Executive continue to look for new Ttustees who will be able to add value to the existing team of Trustecs and whose skills and experience would contribute to the developmenl of the organisazio Prospective Trustees are given the opportunity to examine the organisation &Ktensively and to allend two tru*ee meetings before they. and other Trustees. reach a conclusion as to the appropriateness of the appointh]enL New Trustees are provided with the opportuntty to meet other Trustees and the Chief Executive. Any new Trustee is given the CGT Trustee's HandbooK which is regularly updated and a digital version of this is now available. CGT now has a questionnaire and application forni for any prospective Trt￿tee 10 complete. Simon Davi4 who has prdcti¢ai experience of running a charity, was appointed as a Tn￿te tn July ?￿4 and Mark Walla¢e, who is a practising accountant wilh charity accounts experttse, was 8ppointed as a Truslee in O¢tober ?024. The Direclors. who are the Trustee4 have met together fourtimes during the financial year to disouss and make decisions concerning the charity's affairs, including two meeiiDgs in person and two by conferenc£ call. A number of Board- committees, with clear d¢lryated authority. deal wtth specific matters outside of and ￿port to The rnain Board Meetings. These include Finance. Operdtions, Legal, Acqutsitions & Lettings, Buildings and Nominations Committees. The briefs and effectiveness of the Board