St. Clements Gospel Trust Annual Report & Accounts 2023 - 24
St. Clements Gospel Trust
Annual Report and Accounts 2023 - 2024
Charity Registration No: 1159376
St. Clements Gospel Trust Annual Report & Accounts 2023 - 24
Charity Details
This is the 2023 - 2024 Annual Report and Accounts for the St. Clements Gospel Trust (the "Trust") and covers the period of operation of the Trust from 1[st] April 2023 to 31[st] March 2024.
The Trust is a Charitable Incorporated Organisation registered with the Charities Commission under registration number 1159376 and was registered with effect from h 26[th ] November 2014.
The Trust's registered address is:
282 Bramhall Lane South Bramhall Stockport SK7 3DJ
Structure and Governance
The Trust is governed in accordance with the Trust's written constitution as amended, most recently on 6[th] January 2016.
The trustees for the period to which this report relates are / were: Jon King (Chair) Linda Jooste
Aims and Purposes
The Trust was set up with the aim of assisting with the provision of financial support and resources to further the spread of the Gospel of Jesus Christ and the advancement of the Christian faith in Manchester, first and foremost by supporting the work of St. Clement's as an evangelical church in the Openshaw area of East Manchester
Activities and Performance
Following on from a preparatory period prior to the start of the 2016 – 2017 accounting year, in which steps were taken to set up a bank account and to otherwise prepare for the functioning of the Trust, 2016 – 2017 saw the commencement of operations, and 2017 – 2018 saw the beginnings of the receipt of funds. The Trust’s activities continued in a similar vein across thereafter, but with a gradual increase in giving.
Activity across the 2022 – 2023 and 2023 – 2024 financial years has been broadly consistent, with overall income for 2023 – 2024 increasing by approximately 4.9% compared to 2022 – 2023.
During this period, the Trust has made grants on a (broadly) bi-annual basis. Because three such payments happened to fall within the period of the 2023 – 2024 accounts
St. Clements Gospel Trust Annual Report & Accounts 2023 - 24
(with one falling just after the end of the 2022 – 2023 financial year) the payments out exceeded the payments in. The aim remains to match income to expenditure, subject only to short term fluctuations in amounts held on account.
During the 2023 - 2024 period restricted donations of £5 per month (totaling £60 across the year) have been received, designated to cover the cost of the maintenance of the bank account. These sums have been used to cover the monthly CAF bank account fee, initially of £5 per month for the financial year. Otherwise, the Trust has incurred no expenses.
Future activity
The Trust’s objectives remain the same, to seek to assist with the provision of financial support and resources to further the spread of the Gospel of Jesus Christ and the advancement of the Christian faith in Manchester, first and foremost by supporting the work of St. Clement's as an evangelical church in the Openshaw area of East Manchester.
It is envisaged that the Trust will continue to offer grants of such monies as are available in order to seek to achieve these objectives.
Signed on behalf of the Trust
Dated: 29[th] January 2025
St. Clements Gospel Trust Annual Report & Accounts 2023 - 24
Statement of Financial Activities for the Financial Period Ended 31 March 2023
As set out within the Annual Report, the financial period for 1[st] April 2023 to 31[st] March 2024 can be summarised as follows (figures to the nearest pound):
-
unrestricted donations totaling £11,725 were received
-
restricted donations totaling £60 were received for the express purposes of covering the banking fees payable to CAF by the Trust
No contracts or other commitments were entered into during such a period
Other than the banking fees as covered by the restricted donations set out above, no expenses were incurred by the Trust
No external audit is required given that:
-
The Trust's gross income has not exceeded £500,000
-
The Trust's gross assets have not exceeded £3.26 million and gross income have not exceeded £250,000
-
In turn, as gross income is not more than £25,000, no external examiner's report is required
Signed on behalf of the Trust
Dated: 29[th] January 2025
| St. Clements Gospel | Trust | No 1159376 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
1st April 2022 | To | 31st March 2023 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|---|---|---|---|
Unrestricted donations |
11,725 | - | - | 11,725 | 11,180 | ||||
| Restrictied donations | - | 60 | - | 60 | 96 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | 11,725 | 60 | - | 11,785 | 11,276 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
NIL |
- | ||||||||
| - | - | ||||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
|||||||||
| 11,276 | |||||||||
Grants |
15,012 | - | - | 15,012 | 5,004 | ||||
| Bankingcharges | - | 60 | - | 60 | 72 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | 15,012 | 60 | - | 15,072 | 5,076 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| Nil | - | ||||||||
| - | |||||||||
| **Sub total ** | - | - | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 5,076 | |||||||||
| - 3,287 | 6,200 | ||||||||
| - | - | ||||||||
| 7,130 | 930 | ||||||||
| 3,843 | 7,130 |
Section B Statement of assets and liabilities at the end of the period
| CCXX R1 accounts (SS) Categories B1 Cash funds |
1 Details Total cash funds (agree balances with receipts and payments account(s)) Monies awaiting payment out |
Unrestricted funds to nearest £ 3,843 - - 3,843 OK |
Restricted funds to nearest £ - - - - OK |
Endowment funds to nearest £ |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 1/29/25 OK |
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use |
Details Nil Nil Details Details Nil Details Nil Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Jonathan King |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval | |||
| Jonathan King | 29/1/25 | ||
CCXX R2 accounts (SS)
1/29/25
2