LARKBEARE CHRISTIAN TRUST A charltablo Incorporated organlsallon 'CIO' Charlty reg18trallon number: 1161666 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
LARKBEARE CHRISTIAN TRUST TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 coNTErS Pago Legal and Administrative Information Rert of the Trustees 24 Receipts & Payments Account - CC16a
LARKBEARE CHRISTIAN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present the report and Ilnancial statements lor the year ended 31 December 2023. LEGAL AND ADMINISTRATIVE DETAILS Charity Name.. Larkbeare Christian Trust Charity registration number.. 1161666 Date of formation.. 14 May2015 Pnncipal ofhce:. 25 Fleming Way Exeter Devon EX2 4SE Trustoog The Trustees who served during the period are as follows: Mr. George H Meredith {Chairman appointed on 7th March 2023) Rev. Christian J. Keane (Chairman until 7th March 2023) Mr. Nigel K Warren (Treasurer) Dr James P Gould (appointed 20 September 2022) Mr Huw G Pary (apw)inted 7 November 2022) Ms Sarah L Richards (appointed 7 November 2022> Banker8 The Trust's bank is CAF Bank Ltd, 25 Kings Hill. West Malling, Kent. ME19 4JQ. srRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnlng fjocument Lart(beare Christian Trust is a charitable incortM)rated organisation (CIO) and was registered as a chanty on 14 May 2015. The Charity was established under a Constitution dated 14 May 2015 (as arnended on 9 May 2018) which established the oty'ectives and powers of Ihe CIO. RruItMeN and Appolntment of Tru8tee8 The Trustees are charrty truees lor the purposes of charfty law. Under Ihe requirements ol the C<)nstrtution the Trustees are elect&J to serve untll retirement or removal. Ail Trustees are also members of the CIO. All Truees give thdr tlme voluntarily and rec8lv8d no benefits from the Charlty. Tru•tse Indudlon and Tralnlng All Trustees are lamillar wrth the practlcal work ol the Charity and three have been involved as Tru8es from the eablishm6nl of the CIO. All Trustees ar8 encouraged to volunteer in practical ways.
Additionally, all Trustees are actively eThJaged with the Charity and are lamiliar wrth the context wrthin which rt operates irtIlirKJ. The 0blKJanS of Twste8S. The main documents which Sd Out Ihe oplOnal framework for the Charity incIling the Constitution. Reg)ur¢ing and the current financial )$•11. Future an$ and objectives. The Trustees have (x•ndurte(l a review of the major risks to which the Chanty is ex[ Imwe appropnate. syems or edureS have been established to mitigate ihe risks the Charity faces. OrynlsatSMal strucILn The TreeS meet biannually (or mre as required) and are responsible lor the strategrc dirlM)n arnl Iy of the Charrty. At wesent, thwe are six Trustees from a of profewon backgmunds Tèbevant to the wort¢ of tt)e Chanty. A schwne of delegat is in place. Day to day resFY)nsibilty for administration reas wrth Rev cnrlian Keane (Chairman) arKI Ne1 Warrwi (Finance). FINANCIAL REVIEW Wth the aKI ¥KJ SUprt of rts swpporters and volunteers. the Chanty fas1 donations of £69.916 for the year (2022 - £79.752). In additi.on. the Charity re1V1 Grft Aid refurKlS of £11,507 12022 - Els,). The TnAees mJe grants totalling £82,f)5012022 - £96.050} to St Leonard's Exetu PCC to SUl¥K)rt the lay mini Asg'ant Programme and other non-stipendiary ministry posts. The defiLIt for the was £1,269 (2tr22- a Lleficit of £717). As * 31 D1 2W23, the Chanty's only asset was Cash at Bank of £448 (2022- £1.717). IrtKm to the atx)ve. the Chanty receivaj Gift refunds on 29 January 2024 trom HMRC totallir¥J £2.586.S6 in rewt ol (JonatK>ns received in the year ended 31 December 2023. The relunds will be IrlLal In the finaroai &ement ior the year ended 31 December 2024. Truees Inter ts conts'nue to supiM)rt lay miniw in St Leonard's Parish and will make further ants to St Lwnafd's PCC dunng the year ended 31 Decernber 2024 It should be rK)t&Y that as rewrt a nd aease in don&ons In 2022 arid 2023 and a correspondirvj tall in HMRC Gift AKI refU$s, ts Chanty was only able to make grants to St Leonards PCC Exeter ot £82.650 dunng the perw)0 (22 . £.050) prtnGWI FuThllfVJ Swr¢•s The (mly lurK11ry sources lor the Charty are gffts Ifom sUprters. Pdky All ol Chwrty'6 lurK16 are be ap11 In lh8 6hort ierm K1 tunds we Ik1 lor k)IKJ twm Invomw The True06 ha¥• examin•Y the Chanly'8 I1(reMlI loi rewvos In Ithi ol the mwn risks to tho The Cknarity frf&ves th)nn6 Iroffl arKI mpJ(•s voluntary an13 lo aw0v1 tKx110& The Charrty 0086 have any r8gular finar ComMrtm1l Iithi111os. olhw than Bank ACcnt lees ol
£60.00 per annum (2022 - £82.00) and a small annual intemet domain fee (currently £6.71 per annum inclus've of VAT). It does not hold any tangible assets other than cash at bank. In the event ot further falls In funding. the Trustees wlll reduce the voluntary grants made by the Charty. How8ver, the Charity continues to attract new donors and some long standing donors have increased their giving. Trustees are confident that they are able to manage the current activities ol the Charty in an orderfy manner In the event of a signilicant clrop in funding, The Trustees have therefore established a pollcy whereby the unrestricted funds not committed or Invested in tangible fixed assets held by the Charity should be nil. Plans tor Future Perlod8 The Charity will continue to seek donations and make grants to Christian Churches and charities in order to advance the Chn'stian faith in accordance with its objects. Re8ponslblllt108 01 Iho Tru8teo8 Charty law requires the Trustees to prepare financial statements for each financi period which give a true and fair wew ol the state of the affairs of the Charity as at the balance sheet date and ol its income resources and application of resources. including Income and expenditure, for the linancial period. In preparing those financial atements. the Trustees should follow best practice and: Sel&t surtable accounting policies and then apply them consistently., Make ju(Jgments and estimates that are reasonable and prudent,. and Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the Charity will continue on that basis. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position ol the Charity and to enable them to ensure that the fi'nancial statements comply with Charity law. The Truees are also responsible for safeguarding the assets of the Charrty and hence tor taking reasonable steps for the prevention and detection of fraud and other irr&3ularrties. Tru6t•os' •xpenso8 During the year. one Irustee was paid £6.71. being reimbursement for the annual intemet domain lees 01 £6.71 for 2023 pad by him on behalf of the Charity. R•lat•d pgrty transacllon8 During the year, the Charrty re1Ved donations totalling £7,284 from its Trustees arKI relat1 partles. All the donatsons were unconditional. OUR AIMSAND OBJECTIVES purpos and Alm• Our Charrty's purposes as set out in the objects conlained In the Constitution are the advancernt ol the Christs'an Ith in wch ways as the Charity Trustees may from time lo time dld6. The Trustees do nol nSIder that any detrlment or hann would arise Irom its charltable purtx)ses. En•urlng our WorfE D•llver8 Our Alm8 We rewew our alms. ObltiVeS and activitles each year. Thi8 revlew looks at what we achieved arKI the outcomes ol our work In the period. The review looks ai the success ol the key activili6s and the benelits they have tsroughl to tIw88 group8 ol people we are 801 UP to help The review help8 U8 sure our alm6, obl8cllve8 and actlvllle8 remaln locused on our stat1 wrpos6S. We have referrj to the guldance conlaln&J In the Charity Comm188lon's general guidance on public
nefit when reviewirKJ our alms and objectives and in planning our future actiifjties. In particular. the Trustees consider how planned activities will contribute to the aims an(J objectives they have set. The Focu8 of our Work r main objettive for the period was to advance the Chrlstian lalth. How our Actlvltl88 Dellvor Publlc Benet Our main activities arKI who we iry to help a descrlbed below. Who u••d •nd b•n•fft•d from our rVIces? The Charity makes grants to Christian churches and similar organisations in order to advance the Chnstian farth. The rylmary purpK)se of the grants is to enable them to engage Christian minlst8rs andkjr volunteer workers within their organisation including Youth and Women's Ministers arKJ essential Administrative
aff. Onty ministers arKJ workers providing thelr services to the public without charge to the public are
support. Workers inclLxJe Ministry Assistants who support various aCtItIeS within the local church. irKIlIng alent, SflLrth, Children and women's ministries. The Charty would al cong'der making grants lor part-time training in Christian ministry and the ovigon of Items in connection with the Chriian faith such as the purchase of B'rbles and Bible mmentaries tor Christian workers, use. The benefiuan'es are people in the receiving organisations and the general public who are serv1 by them. The thlUIe to Constitution contains our Statement of Beliefs. The Statement o188liefs in our Constrtution coukl be dexnbed as broadly Christian Protestant orthodox beliel. The moraj and ethical framework dn'b therein is that lives will exhibit the Iruit ol the Splrit and they will be brought into evw ifKreasng confonnity Wlth the character ol Christ. The Charty may make grants io other churches or charitles which do not have exactly the same beliefs. Howe4W, the receiving church or Chan'ty should have beliefs which are in ail materia matters the same as ours. Dunng tr pml UfKJer review. we met our objective by making grants totalling £82.650 (2022 - £96,0) to St Lwnard's PCC in order to help fund the Ministry Assistant Programme and the co*s ol ploying the Ctjurch Family Minist8r, the Church Manager and other Administrative staff in the Church Cffice In the Parish of St Leonard's. St Leonard's has a recognised need for support staff which are rM)t lurKI$ by the Dic¢ese or any other othslde body. Awov&S ty the Tru&ees and signed for and on behall ol the Trustees 19 March 2024 Ichalrrnan Gwjrge H Mar1rth I g March 2024 ITroasuror) Nigel K Warren
CHARITY COMMISSION FOR ENGLAND ANO WALES Lathbe•Tr Chrfstl&n Tw$t Receipts and payments accounts CC16a For th• p•rfod from 111123 31112123 Section A Receipts and payments Unr•itrfcted funds iothe n•ar•sl R••trfct•d fund• E"ndowm•nt fund• to th• n••r••t £ Tolal fund• La•t y•ar to th• n••rn•tt to th• e A1 Recel ts nAbon5 InloT•St Sub loi•l(Gross income forAR) A2 AsJ•t and Inv•stm•nt Ml•s, Isee tsblel. 81,448 Bf.448 9SA21 Sub total Total recelpts 81,448 11,44• 95N21 A3 P4ym•nts 050 fees Sub total •2.717 11717 A4 Asset and Inveslmenl purchases, Iwe labl•l Sub tot¥ Tol•l p•ym•nt• 82,717 81717 96.138 N•t of rn¢•lptsl(p•ym•nt•J . AS Tfan•l•rn bthw•n ftsnds A6 C*•h fund• l••t yur •nd C••h fvnd• ¢hl• y••r •nd 1369 717 1,717 Sectlon B Statoment of 36•etfj and Ilabllltles at the end of the pfrrlod Unwo•lflLtod lund• Rostrlctad luiids Endownieni lund• * n•w•Jt t •won u•uii• Bl Ca•h fund• CCXX R18ccaJnts (SS) 2310112024
rotal cash funds •)) Unrnitrlct•d funds R•strf¢tèd funds EndowTh8nt lund6 to nrnt1 Detalls to nreSte to n•1 £ i Fund to Ththl¢h as••t Curr•nt Value Dèiails 83 InStment a•sets i Fund to au•t Co•¢100( CUrrt ¥•lu• DeiaTIs B4 Assets retslned for th• ¢haiityS I) use Fund to *thlch Ilablllty rql Anb>Jnrd•J• Detallg snature Prfnl Name Dat• apwoval Gme H Meredth gelK en CCXX R2 accowrts (SS) 23KJ1r2024
LARKBEARE CHRISTIAN TRUST A CIO registered charity no. 1161666 Independent Examiner's Report to the Trustees of Larkbeare Christian Trust I repori on Ihe accounts of thè charily for the year ended 31 December 2023 which are sel out on pages 1 to 2 of CC16a. Respectlve respon$lbllitle5 of trustees and examlner The charity's trustees a responsible foi the preparation of the accounts. The charily's Iruslees consider that an audit 15 not required for this year under 5eclion 14412} of the Charilies Acl 2011 (Ihe 2011 Act) and Ihal an independent examination is needed. 11 is my responsibilrty lo: examine the accounls under section 145 of the 2011 Act.. follow the procedures laid down in the general Direclions given by the Charity Commission under seclion 145{5}(b) ol the 2011 Act. and stale whether particular mallers have come lo my allenlion. Basis of independent examiner's report My examination was carried oul in accordance with the general Directions given by the Charity Commission. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also Includes considefalion ol any unusual Items or disclosures in the accounls. and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence Ihal would be required in an audit and consequently no opinion is given as lo whether the accounts present a Irue and fair view. and the report is limiled lo Ih05e mallers sel out in the slalemenl below. Independent examinerfs statement In connection wrth my examination. no matter has come lo rny allenlion.. which gives me reasonable cause lo believe that, in any material respect, the requirements.. lo keep aLxounting records in accordance with sedion 130 of the 2011 Act.. and to prepare accounts which accord with the accounting records and comply with Ihe accounting requirements of the 2011 Act have not been met; or 19 whith, in my opinion. attention 8hould be drawn in order lo enable a proper underslanding of the accounts to be read)ed. Da¥ Tolhur61 FCA 11 Ljlley Walk Honilon Devon EX14 2EA Dale. 25 May 2024