PETERBOROUGH GOOD STEWARDS TRUST
31st March 2025 ANNUAL REPORT AND ACCOUNTS
Peterborough Good Stewards Trust (Registered Charity No. 1174436)
Annual Report for the period 1st April 2024 to 31[st] March 2025
The Charity
Peterborough Good Stewards Trust is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission.
The registered office of the charity is 66 Grosvenor Way, Barton Seagrave, Kettering, Northamptonshire, NN15 6TZ.
Trustees
Throughout the period 1[st] April 2024 to 31[st] March 2025 the Trustees of Peterborough Good Stewards Trust (“the Trust”) have been:
Revd Nick Alexander Revd Robert Bashford Dr Neal Kennedy Revd Roger Woods
Structure, Governance and Management
Day to day running of the Trust is in the hands of the Trustees. The Trust is a “foundation” model of a CIO whose only voting members are the charity trustees.
There are two classes of associate (non-voting) member: individual members and group members (typically parochial church councils). A requirement to become a member is to assent in writing to either the Jerusalem Declaration or the Reform Covenant – or to both.
New trustees may be appointed by a resolution passed at a properly convened meeting of the charity trustees.
Objectives
The objects of the Trust are: “The advancement of religion by financing 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 may agree from time to time, for the furtherance of the Christian religion and thus for the public benefit.”
Activities during the period
The Trustees are delighted with the setting up of Grace Church Upton, which is now in a position to operate its own financial management. While it has been a privilege for the Trust to have had a role in the initial stages of GCU, the Trustees acknowledge that this year has been a fallow one for the PGST. However, the PGST remains a potential financial vehicle for future church-planting projects. The Trust recognizes that, in view of the present uncertainty in the Church of England, evangelical churches in the Diocese may make different decisions about their finances. While they may wish to use the PGST, they might opt for the Ephesian Fund or set up their own Trusts.
Opportunities have been taken to publicize the Trust within the Peterborough Diocese at the annual new year breakfast of the Diocesan ReNew group.
In all the work of the Trust, the Trustees are mindful of the Charity Commission’s guidance on public benefit.
Reserves
The Trust has no policy for holding financial reserves.
Plans for the future
The Trustees’ plan for the future of the Trust is that it continues 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 proclaiming the Good News of salvation through Christ alone, by grace alone, through faith alone, as revealed in Scripture alone, and to the glory of God alone.
Signed on behalf of the Trustees:
N.Kennedy
Dr Neal Kennedy (Trustee)
Registered Charity No. 1174436
Peterborough Good Stewards Trust Income and Expenditure Account
Year ended 31st March 2025
| General | Designated | Total | |
|---|---|---|---|
| Fund | Fund | ||
| Income | |||
| One-of Donatons Received | £ - | £ - | |
| Regular Donatons Received | £ 100 | £ 100 | |
| £ - | |||
| GCU Church Weekend away | £ - | ||
| £ - | |||
| GCU Holiday Club | £ - | ||
| £ - | |||
| Gif Aid Tax Reclaim | £ 148 | £ 148 | |
| £ - | |||
| Interest | £ 1 | £ 1 | |
| £ - | |||
| Total Income | £ 1 | £ 248 | £ 249 |
| Deduct: Expenditure | |||
| GCU Reimbursement | £ 478 | £ 478 | |
| £ - | |||
| Bank Charges | £ 60 | £ 60 | |
| £ - | |||
| Accountancy Fees | £ - | ||
| £ - | |||
| Total Expenditure | £ 60 | £ 478 | £ 538 |
| Defcit/Surplus for Year | -£ 59 | -£ 230 | -£ 289 |
| Funds Brought Forward | £ 337 | £ 230 | £ 567 |
| Funds Carried Forward | £ 278 | £ - | £ 278 |
| Balance Sheet | 31st March | 2025 | |
| Current Assets | |||
| Cash at Bank | £ 278 | ||
| Current Liabilites | |||
| Creditors | £ - | ||
| Net assets | £ 278 | ||
| Represented by: | |||
| General Fund | £ 278 | ||
| Designated Fund: Grace | Church Upton | £ - | |
| Funds carried forward | £ 278 |
Registered Charity No. 1174436
Registered Charity No. 1174436