LARKBEARE CHRISTIAN TRUST A charltable Incorporated organisatlon'CIO' Charlty reglstratlon number: 1161666 TRUSTEES REPORT AND FINANCIAL SfATEmETrS FOR THE YEAR ENDED 31 DECEMBER 2024
LARKBEARE CHRISTIAN TRUST TRUEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 colENTs Pag• Legal and Administraive Infomation Rewrt of the Trustees 24 Receipts & Paymenls Account - CC16a
LARKBEARE CHRISTIAN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trugees present the reFK)rt and financial statemènts for the year ended 31 December 2024. LEGAL AND ADMINISTRATIVE DETAILS Charity Name". Larkbeare Christian Trusl Charity regiration number.. 1161666 Date ol lomalion.. 14 May2015 Pn'ncipa office.. 25 Fleming Way Exeler Devon EX2 4SE Trust88$ TBC The Trustees who s8rv8d during the period are as follows". Mr. George H Mere(lrth (resigngj as Chaimian on 19 March 2024, resigned as trustee on 24 September 20241 Rev. Chriian J. Keane Mr. Nigel K Warren (Treasurer) Dr James P Gould Mr Huw G M Parry Ms Sarah L Richards (appoint1 Chairpergnn on 19 March 2024) Bankers The Tru's bank is CAF Bank Lttl. 25 Kings Hill. West Mdling. Kent. ME19 Q. STRUCTURE, GOVERNANCE AND MANAGEMEpir Governlng Oocument Larkbe& Christian Trust is a charitable Inc0rwra organisation {CIOI ar¥J was regiered as a charity on 14 May 2015. Thè Charrty was established Lfrnder a Constf(ution d 14 May 2015 (as amended on 9 May 2018) which established the 04'ecliv&s and wwers of the CIO. Recrultment and Appolrrtrnont of Tru8tee8 The Trustees are chanty trustees for the pursN)ses of charty law. Un(Jer the wuirements ol thè Constitution the Truste8s are elect1 Io serve until rth'rement or removd. Al Truslees are dso members ol the CIO. All Trustees give their time voluntarily and received no benefits from the Charty. Tru8ts0 Inductlon and Tralnlng All Tru*ees are familiar with the practic work ol the Charity and three have been involved as Trustees from the establishment of th8 CIO. All Trustees are 8ncouraged to volunteer in practical ways.
Adcthtionally, all Trustees are actively erKJaged with the Charily and arè lamillar wrth the context within which rt operates. incIling.. The obligions of Trustees. The man docum8nts which set out the operationd Iramework for the Charity including the Constttution. RUreIng and the current financial wjstion. Future plans and Obl"ve$. R18k Monagomont The Trustees have conducted a rewow of the major risks to which the Charity is exsed. Where appropriate, sy#ems or proc&JLbres have been established to mitigate the risks the ChaFity laces. Organlsotlonal Structur• The Truees meet biannually lor more as rg]uiredl and are respongble for the strategic dilOn and Ft)licy of the Charity. At present, there are ftvè Trustees Irom a variety of prolessiond backgrounds relevant to the work of the Charty. A scheme of delegation is in place. Day to day resw)nsibilty for &1minIstratn rests wrth Ms Sarah Flichards {Chairman) and Nigel Warren (Financel. HNANCIAL REVIEW wrth th8 aid and suppjrt of its supporters and volunteers, the Charty rais&l donations 01 £65,313 for the year {20Y3 £69,916). In a(1dition. the Charity received Gift Aid refunds 01 £12,446 120¥3 £11.50n. The Trustees made grants totalling £77.620 {2023 - £82,650) to St Leonard's Exeter PCC to supwrt the lay Miniry Assistant Programme and other n-#1Pendlary ministry wsts. The surplus lor the year was £9612023- a deficit of £1,269). As at 31 D&8mber 2024. the Chanty's only assat was Cash at Bank of £54412023- £4481. In addith)n to the atx)ve, the Charity received Gfft Ad undS on 12 FetKuary 2025 from HMRC totalling £2,444.75 in rewt of donations r1Ved in Ihè year endgj 31 Dember 2024. The refunds will be inclLJ&J in the financial statement lor the year ended 31 December 2025. The Tru&ees intend kn ntinUe to support lay ministry in St Leonard's Parish and will make further grants to St La)nard's PCC during the year ended 31 DeCber 2025. It should be nol8J that as a result of a net rease in donations in 2022, 20¥d and 2024 and a corresponding I1 in HMRC Gift Aid relunds, the Charity was only able to make grants to St LeA)nards PCC Exeter of £77,620 during the od I20Y8 - £82.6501 Prlnclpgl FUrIng Swr The only fundirKJ sources for the Chaity are gffts from supporters. Invèstment Pollcy All ot Chanty's fvnds are to be appligj in th8 short 18mi and no funds are hdd for long temi investmenL Rosoms Pollcy The Tnjstees hav8 examined the Charity's requirements for reserves in Iht of the main risks to the organisaiion. The Charty relVeS donations from SUPFQrters and makes voluntary grants to aptYOV8d LKxlies. The Charity does Th)I have any regular financial commrtments or liabilities, other than Bank A(gount lees of
£60 00 per annum {2023 - £60.00) and a small annual intemet domain fee (currently £6.71 per annum inclusve of VATI. It does rni hold any tangible assds other than cash ai bank. In the event of further falls in funding, the Trustees will reduce the voluntary grants made by the Charity. However, the Charity continues to attract new donors and some k)ng standing donors have IrreaSl their giving. The Trustees are confident Ihat they are able lo manage the current acts'vilies of the Charity in an orderfy manner in the event ol a sHJnilicant drop in funding. The Trustees have therefore eablished a wlicy whereby the unrestrict&1 funds not committed or invested in tangible fixe(l assets held by the Charity should be nil. Plan8 for Futuro Porlod8 The Chafity will continue lo se8k th)nations and make grants 10 Christian Chur¢tw and charllles in order to advance the Christian farth in accordance wrth its obj'ects. Re8pon8iblliti88 of th8 Trusteos Charity law requires the Trustees to prepare financial slements lor each financial period which give a true and fwr view of the #ate of the affairs ol the Charty as al the balance sheet Oate and ot its income resources and application ol reg)urces, including income and expenditure, lor the linancid peiiocl. In preparing those financial statements, the Trustees should follow best practice and-. Select suitable accourting policies and then apply them consistently.. Make judgments and estimates that are reasonable and prudent", and Prepa the linancial statements on the going concern basis unless it is not appropriate to assume that the Charity will continue on that bas's. The Twees are responstrle lor maintaining proper accounting rordS which disclose wrth reasonatAé accuracy at any lime the fi'nancial position ol the Charity and to enable them to ensure that the financial alements comply with Charty law. The Trustees are also responsible for saleguarding the assets of the Charity and hence lor taklng reasonable steps tor th8 pr8v8nlion and deltion ol IraLKi and other iffwjularilies. Trust008' oxp•n808 During the year, one truee was paid £6.71, bng réimbursem for the annual intwnet domain lee ol £6.71 lor 2024 paid ty him on behalf of the Charity. Related party tran8action8 During the year, the Charity received donations lotdling £7,429 {2023 - £7,284) from ils Trustees arKI related parties. All the donations were unconditiond. OUR AIMS AND OBJECTIVES Purpo808 and Alm8 Our Charity's purwses as set out in the objects contained in the Constitution are the advancement of the Christian la¢th in such ways as the Charity Trustees may from ts'me to tim& decide. The Trust88s do not consider th any delriment or ha would arise from ils charilable PUTwses. En8urlng our Work D•llvw8 Our Alm8 We review our aims. objeLtives and activities each year. This review looks at what we achieved and the OLrtcomes ol our work in the period. The review looks ai the gjccess ol the key activities aNI the benefi'ts they have brought to those groups ol people w8 are s up to help. The review helps us ensure our aims, obltIveS and actimties reman focused on our ated purposes. We have referred to the guidance contained in the Charity Commisgon's general guidancè on publi¢
benefit when rwewing our wms and obj&tives and in planning our future activféies. In particular, the Trustees nSider how planned activities will contrikxrte to the aims and ObltiVeS they have sd. Tho Focu8 of our Work Our main objgxve for the period was to advance the Christs'an faith. How our ActlvNl08 Dellv•r Public Bonofrl Our main activities and who we aim to hdp are described b810w. Who used and bonafitod from our servlces? The Charity makes grants to Christian churches and smilar organisatS in order lo advance the Chri&ian f&th. The primary purwse of the grants is to enable th to engage Christian ministws alIOr volunleer workers within their organision including Youth and Women s Ministers and essentid Administrative staff. Only ministers and workers providing their seNices to the public wilhoLrt charge lo the public are supported. Workers include Ministry Assislanls who SUPFQrt various actiwties wrthin the local church. incI1ng LKtent. youth, children and women's ministri8s. The Chanty would al cOnder making grants for part-lime training in Christian miniry and the prOwSn of items in connection wf(h the Chrfstian farth such as the purchase of &bles and Bible commentsries for Chriian workers, use. The bendciarles are ppIe in th8 e1VIng organisations and the general public who are serv&1 by them. The schedule to the Constitution cont&ns our Statement of Beliefs. The Statement of Bèliefs in our Constrtution wuld be described as broadly Christian Proleant orthodox beliel. The moral and elhical Iramework described therwn is that lives will exhilit the fruit of the Spirit and they will be lyought into ever inCrn9 conformty with the character of Christ. The Charty may make granis to other churches or charities which do not have exactly the same tliefs. However, the receiving church or charity shoukl have beliefs which are in dl material matters the same as ours. During the period under rewew, we met our objective by making grants totalling £77,620 {2023 - £82,W) to St Lnard s PCC in order to help fund the Ministry As&stant Programme and the costs of emplowng the Church Family Minister, the Youth Minister and other Administrativ8 Staff in the Church Olfv'ce in the Parith of St Leonard's. St Leonard's has a reLogniwJ need for suky)rt &aff which are not fundèd by the Diocese or any other outsyde b¢xly. Apwoved by the Trust8es and sign&J for and on beham ot the Trustees 6th March 2025 (cnairman) Sarah L Richards 6th March 2025 ITreaJrer) Nigd K Warren
CHARifrf COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts CC16a Forth• P#d To 111124 Section A Receipts and payments Endowment funds fund5 Restrfde(l fvrs Total fvnd5 'A1 R•edpts 11,107 Sb tothl(Gross InM forAR) A2 Asset tn¥estment sales. (see table). Sub tot•1 Totsir1P1$ A3 Payments Suè total 717 nv•s¢ment pur¢hases.15ee tsblel Sub tot•1 77.e87 17.717 N•tof rn¢•lptrfp•ymwt8) 'A5 Transftn t*lween fvnds A6 cash fund5 last yw•nd Cash funds thls ygar•nd 1.717 Section B Statement of assets and liabilities at the end of the period Unrestrf¢ted RtStrfet•d fvnds Endovm) funds fund$ Categorie5 'Bl funds CCXX R1 a(Ints (SS) 23101r2024
Total ¢•8h lunds fund5 fvnds knn•rnlt Fi•bStoWch•5A•tI . 'Detalls . Fiind toW¢h ¥Mt., Detalls 84 Ass•ts Yetslned for the charlty's use IDetalls B5 Liibllltl•s Sfvjnatwe Print Nam Dats olapprvnl S•TAh L Flcharth K Ktsrr•n CCXX R2 aCcnts (SS) 2W1r2024
LARKBEARE CHRISTIAN TRUST A CIO regi¥tsr¢d charity no. 1161666 IndendOnt Examinèrf? Rgport to th& Trust••s of Lark4rÈ Christian Trust I report on the accounts of the charfty for the year ended 31 Dernber 2024 which are sel out on pages 1 10 2 of CC16a. Re5P8Ctive responsibilitios of trustse5 and examÉner The Charity's tiustee5 are resFK)nsible for the preparation of the accounls The charity's trustees Consider that an 8udit is not required for this year under sectK)n 144121 of the Charities Act 2011 (the 2011 Acll and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., follow th8 procedures laid down in the general Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act,. and state whether particular matters have come to my attention. Basi8 of independent examinerfs report My examinaty'on was c8rried out in accordance with the 98neral Diiections gwèn by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compafison of the accounts presented with those re(x)rds. It also includ8s consideffdtiori of any unusual Items or disdosures in the accounts. and seeking explanations from you as trustees ConMing any such malters The prOdureS undertaken do not piovide 811 the evidence that would be required in an audit and consequently no opiniors is given as lo whelhei the accounts present a'lrue and fair view. and the rewrt is limited to Ihose mallers set out in the 5taternent below. Indepetvlent examinerf$ statement In connectDn wilh my examination. no matter has corne to my attenti.. which gives me reasonable cause to believe that, in any material spect. the requirements.. to keep accounts'ng records in accordance with section 130 of the 2011 Act., and to piepare accounts which accord wilh the accounting rewrds and cotnply with the accounting requirement5 of the 2011 Act have not been met", or to which, in my opinion, attention should be drawn in orderlo enable a proper understanding of the accounts to be ie8thed. David Tolhurst FCA 11 Lilley Walk Honiton Devon EX14 2EA Date.. 10 April 2025