## **SOUTHWARK GOOD STEWARDS TRUST LTD**
## **31 December 2024**
**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 2024 to 31 December 2024**
## **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**
Throughout 2024 the directors of Southwark Good Stewards Company Limited (“the Trust”) have been:
Mr Murray Pearce Revd William Rogers
## **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 (including interest from gifts) totalling in £47,039.65 have been received (in the previous period the total was ££45,648.31).
These gifts have been placed in restricted funds to further the work of churches as specified by the donors or, where instructed by donors, placed in a general fund. The use of the funds in general fund is decided by the trustees and in line with the trust objectives.
Support for funding new projects has been on hold during the period as the trust is seeking to merge with the London Good Stewards Trust.
It is the view and decision of the trustees that the objectives of the trust can be progressed more effectively by merging with the London Good Stewards Trust, rather than as a separate entity.
Work has been undertaken to ensure that all interested parties, including donors with restricted funds, have been consulted, and compliance requirements met with the charity commission.
The feedback from responding interested parties has been positive and supportive, and the charities commission has given us a pathway and green light to proceed.
Whilst planning the merger, the trust has continued to meet it existing commitments and obligations in full, including enabling parishes to fund their financial commitments to the Diocese.
In all the work of the Trust, the trustees have had regard to the Charity Commission’s guidance on public benefit.
## **Reserves**
The Trust has no policy for holding financial reserves
## **Plans for the future**
The plan for the trust is to merger with the London Good Stewards Trust during the 2025 period.
This work is underway, and it involves transferring all trust assets, accounts and ongoing transactions before winding-up the Southwark Good Stewards Trust as a separate legal entity.
The London Good Stewards Trust will continue to manage the trusts restricted funds as per the donors wishes, and the trusts general fund will continue to be used to help grow evangelical churches that are proclaiming the Good News of salvation through Christ alone, by grace alone and through faith alone, as released in scripture alone and to the glory of God alone, including in the Diocese of Southwark.
Signed on behalf of the Trustees:
Murray Pearce (Trustee and Director)
|**BALANCE SHEET AT YEAR END**
**Note**
**FIXED ASSETS**
Tangible fixed assets
**1**
**CURRENT ASSETS**
Creditors (Gift Aid due)
**2**
Cash at bank
**3**
**LIABILITIES: amounts falling due within one year**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**LIABILITIES: amounts falling due after more than one year**
**NET ASSETS**
**REPRESENTED BY:**
**General Fund**
**Special Fund A**
St Marks
**Special Fund B**
St Nick's
**Special Fund C**
St Luke's
**Special Fund D**
Emmanuel
**Special Fund E**
St Stephen's
**Special Fund F**
Holy Redeemer
**Special Fund G**
CC Surbiton
**Special Fund H**
St Andrew's Clergy
**Special Fund I**
Church Planting
**Special Fund J**
Wimbledon Park
**Special Fund K**
Grace Church Greenwich
**Special Fund L**
Grace Church Dulwich
**Special Fund M**
Diocese Safe Guarding
**Special Fund N**
SGST Training Fund
**Special Fund O**
SGST Renew Fund
**Special Fund P**
**Note 1**
The company has no tangible fixed assets
**Note 2**
Accrued Gift Aid refund from HMRC
**Note 3**
CAF Bank CafCash Account
CAF Gold Account
Total at bank
Total|**31/12/2024**
**£**|**31/12/2024**
**£**|31/12/2023
**£**|
|---|---|---|---|
||0.00
648.87
58,107.56
0.00||0.00
648.87
15,765.91
0.00|
||**58,756.43**
**58,756.43**
0.00
**58,756.43**||**16,414.78**
**16,414.78**
0.00
**16,414.78**|
||23,246.08
0.00
0.00
0.00
0.00
0.00
8.00
0.00
3,274.83
125.00
10,652.50
450.02
0.00
2,100.00
11,900.00
7,000.00
0.00||2,510.43
0.00
0.00
0.00
0.00
0.00
2.00
0.00
3,274.83
125.00
10,502.50
0.02
0.00
0.00
0.00
0.00
0.00|
||**58,756.43**
648.87
42,886.64
15,220.92
**58,107.56**
**58,756.43**||**16,414.78**|
||||648.87|
||||14,732.12
1,033.79|
||||**15,765.91**|
||||**16,414.78**|
|**Total Assets**
**58,756.43**|As at 31/12/2024|**Accrued Gift Aid**
As at 31/12/2023|Total
**58,107.56**|Caf Gold Account
15,220.92|**Cash at Bank**
Caf Cash Account
42,886.64|**BALANCE at 31 December 2024**
**23,246.08**
**0.00**
**0.00**|**BALANCE at 31 December 2023**
**2,510.43**
**0.00**
**0.00**|**NET INCOMING RESOURCES**
**20,735.65**
**0.00**
**0.00**|**TOTAL RESOURCES USED**
**560.00**
**0.00**
**38.00**|_Bank charges_
60.00|_Companies House Fee_
0.00|_Directly relating to the work of the Trust_
500.00
0.00
38.00|_Directly relating to the work of the Trust_
500.00
0.00
38.00|**RESOURCES USED**|**TOTAL INCOMING RESOURCES**
**21,295.65**
**0.00**
**38.00**|_Gift Aid_
0.00
0.00
0.00|_Income from investments_
295.65
0.00
0.00|_Voluntary income_
21,000.00
0.00
38.00|£
£
£|**INCOMING RESOURCES**
**Fund**
**Marks**
**St Nick's**|**General**
**St**||**Fund A**
**Fund B**|**For the period 1 January 2024 to 31 December 2024**|**STATEMENT OF FINANCIAL ACTIVITIES**|**(Registered Charity No. 1147774)**|**(Registered Company No. 08043777)**|**Southwark Good Stewards Trust Ltd**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||**0.00**|**0.00**|**0.00**|**0.00**|||0.00|||**0.00**|0.00|0.00|0.00|£|**St Luke's**|||**Fund C**||||||
|||||||**0.00**
**0.00**|**0.00**
**0.00**|**0.00**
**0.00**|**0.00**
**0.00**|||0.00
0.00|||**0.00**
**0.00**|0.00
0.00|0.00
0.00|0.00
0.00|£
£|**Emmanuel t Stephen**|||**Fund D**
**Fund E**||||||
|||||||**8.00**|**2.00**|**6.00**|**0.00**|||0.00|||**6.00**|0.00|0.00|6.00|£|**Redeemer**|**Holy**||**Fund F**||||||
|||||||**0.00**|**0.00**|**0.00**|**0.00**|||0.00|||**0.00**|0.00|0.00|0.00|£|**CC Surbiton**|||**Fund G**||||||
||126.37|126.37||||**3,274.83**|**3,274.83**|**0.00**|**0.00**|||0.00|||**0.00**|0.00|0.00|0.00|£|**Clergy**|**St Andrew's**||**Fund H**||||||
|||||||**125.00**|**125.00**|**0.00**|**0.00**|||0.00|||**0.00**|0.00|0.00|0.00|£|**Planting**|**Church**||**Fund I**||||||
||522.50|522.50||||**10,652.50**|**10,502.50**|**150.00**|**0.00**|||0.00|||**150.00**|0.00|0.00|150.00|£|**Park**|**Wimbledon**||**Fund J**||||||
|||||||**450.02**|**0.02**|**450.00**|**600.00**|||600.00|||**1,050.00**|0.00|0.00|1,050.00|£|**Greenwich**|**Church**|**Grace**|**Fund K**||||||
|||||||**0.00**|**0.00**|**0.00**|**3,500.00**|||3,500.00|||**3,500.00**|0.00|0.00|3,500.00|£|**Dulwich**|**Church**|**Grace**|**Fund L**||||||
|||||||**2,100.00**|**0.00**|**2,100.00**|**0.00**|||0.00|||**2,100.00**|0.00|0.00|2,100.00|£|**Guarding**|**Diocese Safe**||**Fund M**||||||
|||||||**11,900.00**|**0.00**|**11,900.00**|**0.00**|||0.00|||**11,900.00**|0.00|0.00|11,900.00|£|**Fund**|**Training**|**SGST**|**Fund N**||||||
|||||||**7,000.00**|**0.00**|**7,000.00**|**0.00**|||0.00|||**7,000.00**|0.00|0.00|7,000.00|£|**Fund**|**SGST Renew**||**Fund O**||||||
|||||||**0.00**|**0.00**|**0.00**|**0.00**|||0.00|||**0.00**|0.00|0.00|0.00|£|**Spare**|||**Fund P**||||||
||648.87|648.87||||**58,756.43**|**16,414.78**|**42,341.65**|**4,698.00**|||4,638.00|||**47,039.65**|0.00|295.65|46,744.00||**TOTAL**|||||||||
## **Audit Exemption Statement**
For the financial year in question the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the directors:
Murray Pearce (Trustee and Director)
Ind¢p¢Dd¢nt ¢umitteW$ report to the tru8teeJ of llsouthwk Good Stswgrd$
Company Limited"
I report on the accounts of the COrnEMny for the year end 31 December 2024. which
are set out on pag¢s 4 to 5.
R4spe¢¢ive Tespon8ibilitla of tn and exMiin¢r
The tntstees (wlm) are also the directors of the ¢omwiy for the purposes of company
law) are resp)nsible for the preIon of the accounts. The trustees consider that an
audit is not required for thss year under sectÈon 144(2) of th¢ Chariti¢s Act 2011 (the
2011 Act) and that an ind¢sKndent ex8minthon is needed.
Having satisfied myself that th¢ clwity is IM)t subject to alIt under company law and
is eligible for indemt exam1th0 it is my [eswnb11Ity.
To exarni the accounts under section 145 of the 2011 A
To follow the pr(*edures laid down in the general Dtrections given by the
Cl)arity Cornmission und¢r se¢tiOD 145(5Xi)) of the 2011 Act" and
Ba818 of Independent eJamin&$ report
fvly examIOn was carried out in accordance with the general Directions given by
the Clwity Commission. An examiOn includes a review of the accounting records
kept by the cTrJarity and a comparison of the accounts presented with those records. It
also includes consideration of any unusual items or disclosures in the accounts. and
seeking ¢xplanations from you &8 trustees concerning any such matters. The
procedures undeen do noi provide all the ¢vidence that would be required in an
audit and consequently no OPiDion is given &$ lo whethtt the COUnts present a'true
and fair view and the report is limited to those rnattets set out in the slatement below.
Independent ¢wniD&s slatement
In connection with my exami0 no matter Iw rne to my attention:
(l) which gives me re&8onable cause to believe that in any material r•t the
requirements to keep accountin8 records in acrdall with the methods and
Principles of the Statement of Recommended Practice: A¢untIng and Reporting by
Charities have not been or
(2) to Whic in My Opinio attention should be dramm in order to enable a Proper
Name: Richard Harrison
Address: 48a Brook StreeL Wamiin
Date: oy09025
Pag¢ 3