## **SOUTHWARK GOOD STEWARDS TRUST LTD**
**31 December 2020 ANNUAL REPORT AND ACCOUNTS**
**Southwark Good Stewards Trust Ltd (Registered Company No. 08043777) (Registered Charity No. 1147774)**
## **Annual Report for the period 1[st] January 2020 to 31 December 2020**
## **The Charity**
Southwark Good Stewards Trust Ltd is established as a registered company with Companies House. It is a registered charity. The Company is governed by its Articles of Association. The trustees of the charity are also the directors of the company.
The registered office of the charity is 38 Stratton Road Merton Park London SW19 3JG.
## **Trustees**
As at 1[st] January 2020 the trustees of Southwark Good Stewards Trust Ltd (“the Trust”) were:
Mr Robert Anthony Carew-Hunt Mr Brian Wilson The Rev James Rowland Paice
With effect from the 19[th] June 2020 the Rev James Rowland Paice resigned as a trustee.
With effect from the 20[th] June 2020 Murray Pearce was appointed as a trustee.
## **Structure, Governance and Management**
Day to day running of the Trust is in the hands of the trustees.
There are two classes of member: individual members and corporate members (typically parochial church councils). Corporate members may nominate one member to attend and vote at members’ meetings. A requirement to become a member is to assent in writing to either the Jerusalem Declaration or similar covenant approved by the Trustees.
New trustees may be appointed by the existing trustees or by the members at a meeting convened for that purpose.
## **Objectives**
The objects of the Company are: “The advancement of religion by financing projects in partnership with Church of England Parishes and similar bodies in the diocese of Southwark and any other diocese of the Church of England that the directors may agree from time to time, for the furtherance of the Christian religion and thus for the public benefit.”
## **Activities during the period**
During the period covered by the Report, gifts totalling £133,249.85 have been received (in 2019 the total was £120,126.65). These gifts have been placed in restricted funds in accordance with the wishes of the donors. The funds have been used to further the work of churches specified by the donors. This work includes full or partial funding of one incumbent, curates and other church workers, maintenance of church buildings and enabling parishes to fund their financial commitments to the Diocese.
##
|BAI.AI{CESHEETATYEAREND||tllr2l2U2o|31,lLZl7019|31,lLZl7019|
|---|---|---|---|---|
||Note|f||f|
|FIXEDASSETS|||||
|Tangible fixed assets|1|0.oo||0.00|
|CURNEf,TASSEE|||||
|Credltors{GlftAlddue}|2|695.01||125.O1|
|Cashatber*|3|11.895.60||27,552.13|
|LIA$LmES: amountsfal$ng duewithinoneyear||0.00||0.00|
|ITETCURRENTASS€N'||8,59o..67||3,617.U|
|TOTAIASSETSTEiSCURRE]IT TTA8|UNES||r2,5q151||27,617.U|
|LIABILmES:amountsfalfngdue aftermorethanone|year|0.m||o.00|
|NETASSETS||re59c61||27,677-tA|
|REPRESENTED BY:|||||
|General Fund
Special FundC|stLukes|3,W9.24
0.00|t
I|3F81.Al
rz,soo.ool|
|Special FundD
Special FundG
SpechltundH
Special FundI
Special FundJ|Emm
CCSurb
StAndrew's Clergy
Church Planting
WimbledonPark|2,(l4'l.67
1,200.m
22M.m
125.00
4,010.m|I
i
i
I
I|z,zoa.rri
r,zm.ool
s,zsz.asl
rzs.ooi
o.ool|
|||12,590.61||27,677.L4|
|Note1|||||
|Thecompanyhas notangible fixedassets|||||
|Note2|||||
|Accru€d Gift Aid refundfromHMRC||59s.01||125.01|
|I{ote3|||||
|CAFBank CafCashAccount||10,884.84||26542.19|
|CAFGold Account||L,OL0.76||1,009.94|
|Total atbank||11,895.60||27,552.13|
|Total||12,590.61||27,677.t4|
|Audit ExemptionStatement|||||
|**Total Assets**
**12,590.61**|**Accrued Gift Aid WPark**
570.00|**Accrued Gift Aid CLamont**
125.01|Total
**11,895.60**|Caf Gold Account
1,010.76|**Cash at Bank**
CafCash Account
10,884.84|**BALANCE at 31 December 2020**
**3,009.24**
**0.00**|**BALANCE at 31 December 2019**
**3,581.42**
**0.00**|**NET INCOMING RESOURCES**
**-572.18**
**0.00**|**TOTAL RESOURCES USED**
**573.00**
**3,600.00**|_Bank charges_
60.00|_Companies House Fee_
13.00|_Directly relating to the work of the Trust_
500.00
3,600.00|**RESOURCES USED**|**TOTAL INCOMING RESOURCES**
**0.82**
**3,600.00**|_Gift Aid due_|_Income from investments_
0.82
0.00|_Voluntary income_
0.00
3,600.00|£
£|**INCOMING RESOURCES**
**Fund**
**St Marks**|**General**|Fund A|**For the period 1 January 2020 to 31 December 2020**|**STATEMENT OF FINANCIAL ACTIVITIES**|**(Registered Charity No. 1147774)**|**(Registered Company No. 08043777)**|**Southwark Good Stewards Trust Ltd**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||**0.00**|**0.00**|**0.00**|**10,700.00**|||10,700.00||**10,700.00**||0.00|10,700.00|£|**St Nick's**||Fund B||||||
|||||||**0.00**|**12,300.00**|**0.00**|**12,300.00**|||12,300.00||**0.00**||0.00|0.00|£|**St Luke's**||Fund C||||||
|||||||**2,041.67**|**8,041.67**|**-6,000.00**|**22,564.00**|||22,564.00||**16,564.00**||0.00|16,564.00|£|**Emmanuel**||Fund D||||||
|||||||**0.00**|**0.00**|**0.00**|**22,400.00**|||22,400.00||**22,400.00**||0.00|22,400.00|£|**St Stephen's**||Fund E||||||
|||||||**0.00**|**0.00**|**0.00**|**36,000.00**|||36,000.00||**36,000.00**||0.00|36,000.00|£|**Redeemer**|**Holy**|Fund F||||||
|||||||**1,200.00**|**1,200.00**|**0.00**|**0.00**|||0.00||**0.00**||0.00|0.00|£|**Surbiton**|**CC**|Fund G||||||
|||||||**2,204.70**|**2,429.63**|**-224.93**|**40,199.96**|||40,199.96||**39,975.03**|125.01|0.00|39,850.02|£|**Clergy**|**St Andrew's**|Fund H||||||
|||||||**125.00**|**125.00**|**0.00**|**0.00**|||0.00||**0.00**||0.00|0.00|£|**Planting**|**Church**|Fund I||||||
|||||||**4,010.00**
**12,590.61**|**0.00**
**27,677.72**|**4,010.00**
**-2,787.11**|**0.00 148,336.96**|||0.00 148,263.96||**4,010.00 133,249.85**|570.00
695.01|0.00
0.82|3,440.00 132,554.02|£|**Park**
**TOTAL**|**Wimbledon**|Fund J||||||
lttdep¢ndent report to the trustem of "Southwark G(M)d Stewards
Contpauy Limited"
I wort on the accounts of the compAny for th¢ year ethl 31 DK¢mber 2020. which
are set out on pages I to 2.
Rupeetive MponJibilitie• of trustees examiner
The trte¢S (who orc also the directors of the company for the pu of company
law) are responsible for the PrerTl0n of the accounts. The InL8txs consider that an
audit is JKJt ttqutred for this year under s¢¢tion 144(2) of the Charili¢s Act 201 J (the
2011 Act) that an indepabkn ex•ninknon is needed.
Having satisfiol myself the ¢harAty is rM)t subjed to awlit under company law and
is eligible for iThlepetht exami0 it is my respobIlIty.
To ¢xamin¢ the accounts uthr section 145 of the 2011 ACL"
To follow the procedures laid down ID the 8eml Directio$ gIn by the
Charity Commission undtr s#tion 145(5Xb) of the 2011 . ond
Bagb of Ind¢p¢ndent ¢MInl report
My examination was carried out in acc4)rdance with th¢ geml Directiorts given by
the Charity commissio An examinalxon includes a review of the aLxounting records
kept by the charity and a c(Knparison of the accounts presented with those record& It
also includes consideration of any unusual items or disclosures in th¢ accounts. and
s#king explanatioDS from you &8 trustees Concerni any such matters. The
procedures Undert¢Th do not provide all the evidence that would be required in Èn
audit and consequently no opinion is given &$ to whth the accounts present a'ln
and fair and th¢ report is limited to IIK>se matters set out in the Statem below.
lttdependent slatemat
In comiection with my examinatio no matter h&¥ con to my attention:
(J) 1th gives me re8sonable cause to believ¢ that in aDy material respect the
requirements lo keep xwuthing records in rdaDet with the methods and
principles of the Statement of Recornn Prxtice: Accounting and Rwrting by
Charlties have not been nrt. or
(2) to Whic in my Opinio attartion should be dravrn in order to enable a proper
nding of th¢ accounts to be
Address: 48a Brook StreeE warmi$ter Wiltshir4 BA12 8DW
09
202{
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