PEfERBOROUGH GOOD 5fEWARDS TRU5r
315t March 2024
ANNUAL REPORT AND ACCOUNT5

Peterborough Good Stewards Trust
(Registered Charity No. 1174436)
Annual Report for the perfod 1st Aprfl 2023 to 31" March 2024
The Charfty
Peterborough Good Stewards Trust is a Charitsble Incorporated Organisatlon (CIO)
re8iStered with the Charity Commission.
The re8i5tered offi'ce of the charity is 66 Grosvenor Way, Barton Seagrave, Ketterln&
Northamptonshire. NN15 6TZ.
Throu8hout the period IIE April 2023 to 31st March 2024 the Trustees of Peterborough Good
Stewards Trust {"the Trust") have been:
Revd Nlck Alexander
Revd Robert Bashford
Dr Neal Kennedy
Dr Neil Menon luntll 13th July 2023)
Revd Ro8er Woods
Structure, Gov•rnance and Mana8ement
Day to day running of the Trust is in the hands of the Trustees. The Trust Is a "foundaUon°
model of a CIO whose only voting member5 are the charity trustees.
There are two classes of associate {non-votin8) member: indlvidual members and group
members (typically parochial church counols). A requirement to become a member is to
assent in writlng to elther the Jerusalem Declaratlon or the Reform Covenant- or to both.
New trustees may be appointed by a resolutlon passed at a properly convened meetin8 of
the charity trustees.
Objectlves
The objects of the Trust are: "The adVan￿rnent of reli8ion by finanang projects in
partnership with Church of England parishes and similar bodies in the Diocese of
Peterborough, and any other Diocese of the Church of England that the Charity Trustees mav
a8ree from time to time. for the furtherance of the Christian religion and thus for the public
benefit..

Acifvltles durfng the perfod
During the period covered by the Report, a small number of gifts have been 8iven,
prlncipally regular monthly direct debits. designated towards the funding of Grace Church
Upton.
Grace Church Upton now have th*r status as a CIO and their own bank account. Most of
their funds, held until now by the PGST on their behalf, have now been transferred to them.
The future role of the PGsf has been discussed. There would be no problem with the
possibillty of churches signed up to the PGST making use of the PGST as a conduit for some
of their finances. Another Option for churches who wish to ueate distsnce between
themselves and the Diocese is the Ephesian Fund. launched by the CEEC. This scheme offers
on a national basis the same facilities provided by the PGST, which operates on a local basis.
The PGST may therefore be able to deal more adequately with the needs of churthes within
the Diocese.
Opportunities have been taken to publicize the Trust within the Peterborou8h Dlocese at
DEF open meettngs and at the annual new year breakfast of the Dlocesan ReNew group.
In all the work of the Trus¢ the Trustees are mlndful of the Charity Commlssion's guidance
on public benefit.
Reserves
The Trust has no poliry for holding finanoal reserves.
Plans for the future
The Trustees, plan for the future of the Trust is that it contfnues to be available to assist
individuals and churches that wish to give towards the work of churches based primarily in
the Diocese of Peterborough and is a vehicle for so doing. In particular the Trust Seeks to
help churches in the work of prodaimin8 the Good News of salvation through Christ alone.
by grace alone, through faith alone, as revealed in Suipture alone, and to the 810ry of God
alone.
Signed on behalf of the Trustees:
Revd Robert Bashford rrru5tee)

Peterborough Good Stewards Trust
Income and Expenditure Account
Year ended 31st March 2024
Genernl
Fund
Des1V￿ted
Fund
Totsl
Intome
One-off Donations Received
Re8ular Donations Received
852 £
852
GCU Church Weekend away
GCU Hollday Club
io £
io
Gift Aid Tax Reclaim
5.805 £
5.805
Interest
15
15
Total Incom•
Is £
7,327 £
7.342
Dedurt: ExpendFture
GCU Reimbursement
54.319 £
54.319
Bank Charges
Accountancy Fees
75
75
Totsl Ejtpendtture
135 £
54,319 £
54.454
Defidvsurplus for Year
120
46.992 -£
47.112
Funds Braught Forw*rd
457 £
47.222 £
47.679
Funds Carrfed Fonnrd
337 £
230 £
S67
Balance Sheet 31st March 2024
Current A￿ts
Cash at 8ank
567
Current Llabllltles
Creditors
N•t assets
567
Represented by.
General Fund
Designated Fund.. Grace Church Upton
337
230
Funds carrled forward
567