COMPANY REGISTRATION NUMBER= CE010746 CHARITY REGISTRATION NUM8ER: 1174207 Gospel Patrons UK Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 December 2023
Gospel Patrons UK Company Llmlled by Guarante• Flnanclal Ststem8nt8 Ygar endad 31 Docembor 2023 Pago Twstees, afinual report (Iror)[Btlng Ihe drector's report) Independent examirEf5 report lo thè Iru8lÈes Statement of firn3noal al¥ll*eS Ilrtluding Sncorne 3nd expelIre accourti St8lement of finand81 pos"0n Notes lo the financlal 81alemenls The lollowln9 pages do not fomi part of the flnanclal ststements Detailed 51gternenl of fin8nclal activ1-e8 11 Notes 10 ts delalled sialemenl offinancial adrnilles 12
Gospel Patron3 UK Company Limlted by Guarantsg Trustees, Annual Report Ilneory>oratlng the Dlrectorfs R8POrtI Yar gndèd 31 December 2023 TtrE trusleos, who are also the dlreclors for the wrposes of comparry law. pre8enl Ih6lr report and Ihe unaudited financial $18t8m8nts oflhe ch8iNy forihe year ended 31 D8E[ 2023. R6f•r8nco and admln15tratlvè dèta118 R¢glstsrèd charlty name C>)spel Patr15 UK Charlty rog15tratloD nurnb¢r 1174207 ¢omp#rw r¢gl$tratlon numbor CE010746 Prlnclpal office and reglstored offlco o Orch8rd Lea Bayworth Lef Oxford OX15DF Thotrustees Mr S D Piltar Mr B Stone Mr A H K Sachak Indeppndont &xamlnor Alistar Russell FCA Glbson Booth Chartered AccouDtsnlS New Court Abbey Road Norih Shepley Huddersfte HDe 88J Structure, yovèrnance and m8nagement The charity has three Iruslees. S D Pillar. A H K SÈchak 8rKJ B Slone. The Trustee$ meet once per month lo rondutt Charily buslness. In 2023, ihe charity had no employee5 and mèconstsllant who CQOFdinthd rorn9 events in the UK. Oblectlvo5 and acifvitlos Th8 oblecL ol the Charil3ble IncrpOrated Organisalion ICIOI is. for lh8 publlc benefit. Ihe advancement of the Chr151ian failh, principally Ibul wilhoul IimilaliorTrl byth9 teaching of the gospel of Jesu$ Chrfsi particularly as tt relales lo promoting the wlnciples ofgerErosily. The charity athieves these otyecls by hosling re9areVentS Ihroughoul Ihe UKvthkh promote gener05ity amongst business p80ple and mini51ry WLYkers. Strateglc report The follng secllon5 foi aGhlevÈments and perf0rfflat and financL81 revlewfomi ihe 51ralegic rep(t ofthe charity. Achl8v8monts and perfom)8nc& The charity was regtered on 10 August 2D17. and has started opprating from April 2020. Thrwghoul 2023 If charfty hosted four evenls in the City of London lor bu51rE5s and minlsty leaders. The avÈrage attendance ol these events was 82 and the maillng list lor the charily. through whch il infoS others of tts work and sha5 re50ur¢e$ conceming generosity lo ChriÈlian rninislry has over 500 conlacis. The Charily h081ed its first ever'national Gospel Patrons UK ConfÈtenc8' In J8nuary 2024. Muth of 2023w88 spentln preparation for this event, Including cur8lioD of coni8nt for the event ar Ihe fDmialion of an allendee list suitèd 10 Ihe event. Events throughout the year showcased the rEeds opportunlllÈs of Otr Chflsllan mlnistriÈs in varknus seclors (i.e Mis5iDn work, Church Planting 8nd Ministry Tfainingl. and anecdotal ewdewe shows ihal a ner of those engaged 1h the charlties inGreased Ihelr engagement %ilh Chri51i8n charflS eilher on a pro-ty)rto work basls, or Ihrwgh finandal gi¥lng. The Tnjstees are of ItrE 9rIOn Ihal acl1vi"es in Iheyear have CDnlribul8d lo Ihe objedives of ltr rdevantcharilies and hav& therefo Len for th6 publk benefit. The tharity has cOnSere Ihe Charily Commlsslon's gUKlan on Public Ber*frt.
Gospgl Patrons UK Company LlmTrt8d by Guarnntsg Tru$tse8' Annual Report Ilncorporatlng the Dlr8Ctorfs R¢portl l¢ontlnuodl Yèar ended 31 Decèmber 2023 Flnantlal rovlew At the year end the charity had 66trIcted reserves of £81.827. Income was £153,831. gnd was malnly made up of donaions to1811iry £153.588. Expendllure wa5 £156.316. Thrs was the Ihlid year of aclivity for the charity. At the ar end Ihe chatiiy had £80.032 In the baT. Plans for future perlod5 The charily plans lo conlinuÈ hosts.ng evenls in 2023. beginning wilh a puillc launch of 11$ dmentary In J8nu8ry. The charity 11 m8ke n$ 10 host a naliwal r)nf8rerKe which will tske place in ear 2024. Reserves pollcy The iruslees aim to maln18in a k¥el of unrestrfcled SeNe8 to be abk lo cover ovethead expen(Illure for al le8$1 three m(rth$. The ies8rve3 al the year erKJ wue £81.827. The tru5tees' amual rewrt and the siralegk repDrt were approved on 31. August 2024 and 5pJrEd on beh81f of the board of trustees ty.. Mr S D lIar TNslee
Go8pal PatronB UK Company Limitèd by Guarantea Independ•nt Examin8rfs Report to th8 Trustees of Go8P81 Patrons UK Year ended 31 Decemb?r 2023 I report lo the Iruste8S on rny examlnallon of th? financial 8tsIeMls of Gospd Palrons UK Ilhe chanly) for the year e 31 December 2D23. Rèsponslbllllle$ and basis ol report A5 thè trustees ol Ihp charity you are resFx)nslble for ihe ptep8rallon of the fknandal statements In accordan with r8qulreTnerts of the Charilles Acl 20111'lf ACVI. I repDrt in respect of tny examination of Ihe ¢harity's fln8nclg1 staiemenis carrfed OLrt under section 145 of IhÈ 2011 Act and In carrying oulinyexaminalion I have lollowed 911 apIcaNe Direclk)ns given by the Charlty Commk%slon re[seCtIon 14515llbl of the Act. Indopendent gxamlnofs s(alemant- matter of concern Id8ntlfled In carrying out rny ex4min8ts.on I noled a lap$8 of accwnling fe¢ord8 recording expenses. supp1 documentation had not been kÈpl on several occaslons for charitaNe expenditure. 11 wa5 noted th81 expenditure iolalllng £625 did not have supportlng reip1S Qr invoitts, 811hovgh could bÈ Igaced out of fv bank. This expendilure has been included in the accounls. The Irustees are aware Ih81 Improve(I record keeping should b& keptgolng forward, to suppori all expendllU. I confirm that there are no other mall5 to which your allenlion should be (Jrawn lo enabk a proper undersiandlng of the accounts lo be reacw. l ¢(h)firm Ihat no other mallers have come to ry allenlion in ¢onnecllon with my examlnauon giving MÈ cause lo belleve that In y matsdal resperA'. counliw recordswere nol kept In respect of the charlty as requlred by section 386 ofihe 2006 Act., or the ftnarKxal slatemenls do not accord wilhlhase records., or the fin8ncial slalemÈnts do not Comp th the accounling wu[rneI5 Qf section of the 2(KJ8 Ad other than any requirement that the 8¢utS give 8 Yru8 and fai¢ vlew vthkh Is rlol a mattw cE1dered as p8rt of an Independent ex8minab"M', or the financlal slalements have not been prepared in accordartt vAlhlhè methods and princlples of the Statement of Recommended Practice accounllng and reporting by ch8n1$ applicable lo charities preparino their account$ ctordan with the Financial Reporting Slandatd appliCae in Ihe UK and Republic of Irel&nd IFR$ 1021. I confirm Ihalthere 8re noolher m81ters lowhithyour81tention shoukj bè drawn lo enatle a proper undetsiarrtling ollhexcounls lo be reached A1islalr Russell FCA IrKJependeni Exam[rr Gibson Booth Chartered Acwuntants Newcourt Abbey Road North ShÈpley HuddeTsftekJ HD8 88J
Go$pg1 Patrons UK C¢Jmpany Llmlted by Guarantèe ststement of Financial Actlvltie8 Ilncludlng Incomg and expend1e a¢counti Y¢ai ¢nd8d 31 DoGember 2023 2023 unre¥1ried funds 2022 Toial fuThJ$ Tolal funds Note In¢omo and ondowments Donation5 and leg8des Inweslment irtome 87.395 812 67.395 812 153.588 243 Totsl income 68,207 68.207 153.831 Expendlturo ExndIture on charilable ¥livit*S Total expendtturo 74.722 74.722 156.316 74,722 74.722 156,316 Net expenditiiro and nèt movemont In funds 16,5151 16.515) 12,4851 R8conclllatlon of funds T0181 funds brought foward 79.342 79,342 81.827 Total funds carrfed loard 72,827 72.827 79.342 The 5t8lement of finarriel actiw19 Indudes all gal8 and1055es recognlsed In the year. All knccffle experxliture derfve trom conllnithng acilvllle8. The noto8 on pages 6 to 9fomi part of these ftnancijl 8tatèmtrnts.
Gospèl Patrons UK Company Llmltad by Guarantee Statgm8nt of Flnan¢lal Position 31 December 2023 2023 2022 Note Flx8d assets Tangible fixed a5se15 13 2,144 2,825 Currant a88etS Deblors Cash at bank aThY h hand 14 19.S(X) S4.103 1.(0 80.032 73,603 81.092 Crèdltors.. amounts falllng du8wlthln onè yoar 2.920 4,575 Ntrt curr8¢lt assets 70.683 76,517 Totsi a680ts I5 ¢Yttsnt Ilablllll88 72.827 79,342 Not as8et¥ 72.827 79.342 Fund8 of the ctwtlly Unrestrittèd fund8 72,827 79.342 Totsl cha14ty funds 16 72,827 79,342 These ftnancial ststenIS have been ppared in anCe th the provisi5 ap1¢abra lo companle5 svbsecl to Ihe sfftall c(Anpanles' regbne. These finanual 51alemenls were 4pproved ty the bogrd oftrusiees and aulhork8ed forissue on 31 August 2024. and are sned on behalf of the bjard by.. Mr S D Plllar Tiuslee The notes on pag95 6 to g fomi partol these flnanclal statsments.
G08pel Patrong UK Company Llmltsd by Guaranteo Notes to Flnanclal StatemontS Year endgd 31 Decembèr 2023 Gen8ral InForrnation TIE chority [% a publlc benefrt enlity è reglslered charlty in EwlarKI and Walès and Is 8 cfF81ilable Irrorporaled (hganytsalion. The ofihe prindpal office CJO Orthard Lea, 8ayworth Lane, Boars Hlll. Oxford, OX1 SDF. Smemènt ol¢ompllanco These flnancial slalements have been prepared in cofflpllanceTrMlh FRS 102, The FSn8ncia1 RepDrfing Slandard applkable in the UK and the Republic of lieland., the statement of R8¢ommended Pracllce apIcab lo tharilies pieparing accounts in accordance wlh the Financial Reporting Staard 8pplicable in the UK 8nd Republlc of Ireland IFRS 1021 Icharllles SORP IFRS 102118pd th8 Ch8111ies Acl 2011. Accounung pollclg5 Basls of preparatlon The financlal slatements havÈ been ryepared on It histor1 cost basss. as modified by the revaluaibn ofcertalnflnand assets arKJ liabllllles and inveslmenl propertles me8swed gt fair valL through Income or exnlIre. Th8 fln8ncS81 statneI5 A ppared In sterfing. Is the function81 currency of enlity. Golng concern There ar8 no malerlal uncerfainl5 about the chariiys ability to continu&. Judgements and key sourcès of 88tlmatlon unGgrtalnty The preparation of the financial slaleTnents reqLires tngnagemeDI lo mak& ludg8menis, eslimales and asÈLmpiions that affect li amDunls reported. These eslitnaitrs and IWernents ere continu31ty revlÈwed and are based on extkrfence arKI other fact(. including extt8110ns of future events thai ate bdle¥ed lo be reasonable undeithè circumsiances. Fund a¢¢oundng Unrestricted funds are avaIlae for u8e al Ihe dc[elln oflfÈ Iru8tees lo fumher any of Ihe ch8riVs puiposes. Incomlng resources All Income 15 included ill Ihp 518iemenl of finarKial aclwilies when enlM4em8nt has passed to the ¢harity, is probable that the econotnK beneffls 88s0cialed wlhlhe IransaclSon will flowlo the charity ad the amount can te rellgbly tnea$ured. Tr following specrfic pdiaes are applEd lo particu18r categories of income.. Incom8 from donations or gran15 is recognWse(S Iheie is eyence of8ntltM6l lo the gift, receipt is probable and ils arnounl can bÈ mtr8sured reliatAy. Rèsources expended Experrture i% rtrcognised on an acctua15 basls a8 allaknlity is incurre(J. Expenditure Indudes any VAT whth camot b rully recovered. and 15 Classled under headings of Ihe slalement of finan81 aeliwlies lowhich11 tÈl8te$.' - expefjdilure on charitablÈ actlviles Includes all costs incurred by8 tharity undertBklng aclNilès thalfurthgrlls charble 81ms for the benefit of it5 beneflarie. Induding IhosÈ support cosls and costs rel81ing lo the govemance of the ch31ily apportioned lo charitable activities. other expenditure includes all èxp8rKJilure that Is neither related 10 raislw funds for Ihe charity norpart of ils expendllure on charitable Ècllwlies. All cosls are alk)caled to Èxpèndllure c8tegorie5 refiecting the use of Ihe resource. C)irecl costs allTrbu18ble lo a single activity arè allocaled direclly lo that activity- Shared cosi8 are apporbmed bèiween tho aclivilEs they contrib6 lo on a reasonab, jusliliable and consislent bas. Tangiblo assèts TaruiNe assets are hitlally recorded al ¢(61, and subÈequenlly Staled al cost $& any accumulated depretyatst)n and imp81rment losses. Pgpreolaiton D8predatioD IscaA31e soa& lowrfteoff Ihecoslorvaluaiion ofan asset. less its residuJ valve, er1 u8elulecononThc Ilfe of Ih8t 28sel as follows.. CompLrterequipTnenl 20% Slrmlght lin8
Gospel Patrons UK Company Limitod by Guarantee Notos to the Flnancial Stat8montS (conllnuedj Year endèd 31 December 2023 A¢countlng pollcle8 (contlnued) Flnanclal Instruments A finanal ass&t or a fIn8n87 liabiliiy is rec(wJnised only the entity becomes B patty lo thÈ contractual provisr of Ihe I1¥eI. Basic finantial inslrumnls are re¢ognlsed 81 the Ount iecehable or payable ind1ng any rel¥led Iransaclion costs. Unless the arrangÈment conslilules a financing Iransa¢tion, where 11 Is rege al the presenl valu& ofth8 futLYe P8ymenis d8COLniled al a matket rale of Interest for a similar debt insirumenl. Donatlon$ and ltrgacles Unreslrirknd Fund$ Totsl Funds 2023 Unreslrlded FuDd$ Tola5 Fund5 2022 DonatloDs DonalSon3 67.395 67,395 153.588 1S3,568 Investmènt Incomo Unresirided FurKIs Total Funds 2023 Unre51fiCted Funds Tolal Fund5 2022 B8nk Intere81 receiVae 812 812 243 243 Expendltura on Charfftablo acUvltl95 by fund type UnrestiSrled FurKIs Tolal fun(Ss 2023 Unrestflded Funds Tolal Funds 2022 Provlslon of re50urce5 and promotlonal w51s. In¢luding evenis Donalion5 Support costs 18.089 550 $6,083 18,089 550 58,083 109,232 109,232 47.084 47,084 74.722 74,722 156.316 156,316 Expondltur8 on chaTltablo a¢tJvltlas by actlvlty typB Acti15 un(tertake direcuy SuppDrt cos15 Total funds 2023 Total fund 2022 PrO810n of resources arxl promotional costs. hclvdlng en Donation5 Govemanc8 cos18 18,089 550 53,903 71.992 550 2,180 154.291 2,180 2,025 18,639 56,083 74.722 156,318
Gospal Patrons UK Company Limit•d by Guarant80 Note5 to the FlnancFal Statements (continuedj Year ended 31 December 2023 Anplysl8 of 8UPPOrt cogts Travel rolal 2023 Total 2D22 Gener81 offlce GOrnan¢t costs Trav Consultancy 3.512 2,180 618 49.775 3.512 2.180 616 49.775 2,805 2.025 2.999 39.255 56.083 56.083 47.084 Nèt èxpondbture Nel expendllwe 15 slaled after chargingllGredilingl'. 2023 2022 08wecialion of tsnglble flx8d assets 881 510 10. Indepondont oxarnlnallon le88 2023 2022 Fee5 payable lo Ihe independent examlnerfor.. Indeperent examination of the financial siatemenis 2,180 2,025 11. Staff costs Ttr average head count of ernployees dng the year was-12022."-1. No ernployee ieeepved emk4oyee beneflts ofmore than £60,000 durlng Ihe year P022'. NID. 12. Trutstèè remunoratlon ond bxponses No remuneration or olher benefils in respecl of servi5 provided lo the Chanty We te1Ved ty the Tru5tee5 Irom Ihe Charity or a related enlity. No Trustees eKpen5e5 have been Incurred during year. 13. T8nglb58 flxed as$&ts Computer equipment ost At 1 January 2023 antt 31 D8cemb•r 2023 3,404 D8proclatlon Al 1 January 2023 Charge for the year At 31 Dootrmbor 2023 579 681 1,260 Carrying amount At 31 December 2023 2.144 Al 31 December 2022 2,825
Gospel Patrong UK Company Llmbtod by Guaranteg Notes to thg Flnanclal Statements (conllnuedj Year •nded 31 December 2023 14. Dèbtws 2023 2022 Prepaymems and 3cctLEd Incom8 otherdeblors 19,5 19,5 IS. CYodltors-. 8moLEnt8falllng duowllhln oneyear 2023 2022 Accruals and deferr&J Incotne Olhercredmors 4.575 920 2,920 4.575 16. Anatys18 Ot charltabl•funds Unr8strlcted fund8 Al 1 January 2023 At 31 Decemb 2023 Inc(m Expendrfure General funds 79,342 66,207 174,7221 n.827 Al 1 January 2022 Al 31 0ernber 20T2 IrKome EXrJ11Ure General luDd5 81.827 153,831 1156.3161 79.342 Unre51ricted genernl fund8 are 8vallabl8 fu use al Ihe distt811on of IheTwslees in thefurtherance of the ger tharflab Qbpctes. 17. Related parutrs DurirvJ Iht period the cotnpany receSved donations of £14,000 3nd £35.48512022- £76,205.24, £35,242.51 iespe¢livety from S D Pillar and B Slone. £920 was owed at the yeor èrKJ12022'. EI.060) lo First Fruiis Gospel Foundation, a ¢h81ity in syhich S D Pillgr is a tntslee. A donatlon of £nil 12022 - £3201 was also recelve(I from INS ch8rtty in 2022. A seN agreetnenl was enlered into duriw the yegr wh First FruSts Gospel Foundallon lo shafe the ¢051s of 8 subconlract(Y. of £39,81512022. £rwll.
Gospel Patrons UK Compgny Llrnltsd by Guarante¢ Management Informatlo Yoar ènded 31 Decembèr 2023 The followlng pagos do not forni part of th9 flnanclal 8tatomonts. io
Gosp81 Patrons UK Company Llmlt•d by Guarantee Dotailgd Ststem?nl of Flnanclal Activities Year ended 31 Dècombèr 2023 2023 2022 Incomp èndowmont8 Don&tlon$ and legacle5 Donatn$ 67,395 153.588 Inve5tmerrt Incom8 Ba inleresl receivable 812 243 Total IncLThe 68.207 153,831 Expendlture Expendittsr8 on charllable actlvttles Purchases Other molorllravel e051s Legal and wofesslonal fees Qlhei offio cos Lkkyecialion Event COSIS Donalion5 5.534 616 51.955 2.831 681 12.555 S50 100,268 41,280 2,295 510 8,964 74.722 156,316 Total expendlture 74,722 156,316 Net •XPondltvre 16,5161 12.4851
Go$1 Patrons UK Cornpany Limlted by Guarantee Not85 to the Detailed Statement of Flnanclal Actlvltl88 Year endod 31 Decembèr 2023 2023 2022 Expendltur8 on charitablè actlvltlos Provlslon of resources and promotlonal costs, Includlng ovonts Activities undertaken directly Promotional resources. videoB and boL*s Evenl costs 5,534 12,555 100,268 18,089 10g,232 Support costs Travel cosls ConSlnCY Olher oly1 c0515 Dewecialion 618 49,775 2,831 681 2.999 39,255 2.295 510 53.gD3 45.059 Donatlons Activities undertaken directly Oon8Uons 550 Governance co8 Jvernance c051g- accountancy fe25 2,180 2,025 ExpendltUTg on chat1table aGtlvltlo8 74,722 158,318 12