Registered Charity No - 1174150
St Gabriel`s TOP Ministry
Trustees’ Report and Accounts 31 March 2024
0 | P a g e
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| Independent Examiners’ Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
1 | P a g e
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
Trustees D Whitcliffe – Smart (Chair) D Campbell M Campbell Charity registered Number 1174150 Date of Registration 4[th] August 2017 11 ST GABRIELS ROAD Principal office EASTON BRISTOL BS5 0RT Independent Examiner Accounting Assist Ltd Lloyds Bank PLC
Bankers
2 | P a g e
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of St Gabriel`s TOP Ministry for the year ended 31 March 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management.
The 3 Trustees are:
-
D Whitcliffe – Smart
-
D Campbell
-
M Campbell
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
St Gabriel’s Top Ministry is a Charitable Incorporated Organisation (CIO) and registered as a Charity on 4[th] August 2017
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
To advance the Christian religion in the Bristol area for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on the Christian faith to enlighten others about the Christian religion. to also provide pastoral and other support services where people are in need.
3 | P a g e
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance:
The Charity this year has spent time to get their back office more efficient. The previous one year has seen, the charity activity and fundraising grow from strength to strength. New activities meant new issues and new systems to be managed. These are required to get a more refined system set up which allows no room for error whilst the charity plans to strategies and set new ideas for sustainable fundraising over the next few years.
Financial review:
The Charity currently aims to designate the total fund received less expenses for the main objective of the foundation.
Plans for future periods:
The Charity plans to develop a new fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from HNWI, trusts and foundations and corporate supporters. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
-
Selected suitable accounting policies and applied them consistently,
-
Made judgments and estimates that are reasonable and prudent,
-
Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of disclosure of information to independent examiner.
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that:
4 | P a g e
TRUSIEKS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 There is no relevanl infomation of which the Charity's indendent examiner are unaware: and we have iaken all steps that we ought to have taken Truslees in order io make ourselves aware of any rclevant infonnation and lo esthblish Ihai the charity's independent exaininer are aware of thal infonnation. Indendent Examlner: The Charily'.s independeni exaniiner. Accounting Assisi Lid C/0 Go(Ml io Give h&$ indtc*d their ryllingnes% l() offcr Ihemselves for app)intmenl. This report was approved by the Tru51eos on and Sign on their irhalf by". Sign.. Print N¥me".
INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEE’S OF ST GABRIELS TOP MINISTRY
I report on the financial statements of the Charity for the year ended 31 March 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts (under Section 145 of the Charities Act);
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
-
To state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/Charity 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 explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
-
1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed: Dated: 12/11/2024
Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
6 | P a g e
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | Restricted | Total Funds |
Total Funds |
||
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| General offerings | 17,791 | - | 17,791 | 19,753 | |
| Gift Aid | 8,421 | - | 8,421 | 14,110 | |
| Other Income | - | - | - | 1,929 | |
| Total Incoming resources | 26,212 | 0 | 26,212 | 35,792 | |
| Resources expended | |||||
| Direct charitable expenditure | 25,162 | - | 25,162 | 29,299 | |
| Governance costs | 3,317 | - | 3,317 | 500 | |
| Total Resources expended | 28,479 | 0 | 28,479 | 29,799 | |
| Movement in total fund for the | |||||
| year- Net income / | -2,268 | - | -2,268 | 5,994 | |
| (expenditure) For the year | |||||
| Fund balance brought forward | 11,530 | - | 11,530 | 5,537 | |
| Fund balance carried forward | 9,262 | - | 9,262 | 11,531 |
7 | P a g e
B.4LANCE SHEET AS AT 31 MARCH 2024 2024 2024 2023 2023 Note FIXF.D ASlETs Tftngible 08.sel.8 LIIRRENT ASSF.T.S Debtors c.ash nl bDnk 7J31 3.699 11530 IM2 10.822 CREDITORS: amount5 falling due Within one year CiTRRENf ASSETS 9362 11330 NET ASSETS 9,262 11530 CHARITY FUNIXS Unrestricied funds 9362 11530 Restricted funds TOTAL FLThry 9262 11.530 The finawial statements Tre approved by the TrneeS on aDd signed on their behalf. by: Signature The notes on page 9 & 10 fonn part of these financial statemen15
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended.
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
9 | P a g e
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 (Continued)
1.5 Related Party Transactions
There were no payments to trustees or connected persons during the year nor in previous years.
10 | P a g e