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← Good Stewards Trust - Essex And East London

2025-06-30-accounts

Good Stewards Trust – Essex and East London

(A Charitable Incorporated Organisation)

Trustees’ Annual Report and Accounts

Year ended 30[th] June 2025

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Good Stewards Trust – Essex and East London

For the year ended 30[th] June 2025 CHARITY INFORMATION

Trustees: Rev Kieran Bush, Chair (Appointed 2017)
Rev Mark Holdaway (Appointed 2017)
Rev Joel Edwards (Appointed 2019)
Mr Stuart Brooks (Appointed 2021)
Rev Rob Hudson (Appointed 2021)
Ms Helen Lyons (Appointed 2021)
Rev Colin Taylor (Appointed 2021)
Mrs Sandra Turner (Appointed 2022)
Treasurer: Ms Helen Lyons
Other name
the charity uses: Essex and East London Good Stewards Trust (EELGST)
Charity number: 1174767
Company number: CE012286
Registered Office: 18 Brookscroft Road
London
E17 4LH
Independent Examiner: Mr Alan Gray FCA
Bankers: The Co-operative Bank p.l.c.,
1 Balloon St,
Manchester
M60 4EP
Status: The Good Stewards Trust – Essex and East London
is a Charitable Incorporated Organisation (Foundation),
registered 21 September 2017.
Its Constitution is its governing document.

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Good Stewards Trust – Essex and East London

For the year ended 30[th] June 2025

REPORT OF THE TRUSTEES

Objectives

The Trust exists for the advancement of the Christian religion (as set forth in the Jerusalem Statement and Declaration of Anglican doctrine) and for the benefit of the public, mainly in the Diocese of Chelmsford or the neighbouring areas of Suffolk, Norfolk, Cambridgeshire, Hertfordshire, London and Kent, by supporting, through the making of grants and otherwise,

Changes in Trustees

Trustees are appointed for a term of three years. Stuart Brooks, Rob Hudson, Helen Lyons and Colin Taylor were reappointed as trustees for a further term of three years at the AGM on 16[th] January 2025

Activities during the reporting period

Funds received:

Donations made:

In September 2024 the Trustees opened a 120 day notice saving account with Kingdom Bank to make better use of funds that were unlikely to be used in the next 6 months. The

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Trustees chose Kingdom Bank rather than others considered because of their Christian credentials and because the money would be used to further gospel ministry. The initial interest rate was 3.5% but has dropped to 2.8%. Annual interest received in December 2024 was £506 with further interest of just over £1,000 due at the end of the accounting period.

In the course of the financial year two more donor churches changed the restriction on funds they had donated in 2023 and this led to the setting up of another two restricted funds for the following purposes:

The Trust continues to work for its objective to advance the Christian religion, in partnership with its donor churches. It has continued to provide individuals and churches that wish to give towards the work of churches in Essex and East London a means for doing so.

The work of the Treasurer, the Chair and the other Trustees is undertaken voluntarily and they received no remuneration, expenses, payments or benefits of any kind. There are no premises and no administrative staff. All of the Trust’s income was used to further its objectives.

In all the work of the Trust, the Trustees have had regard to the Charity Commission’s guidance on public benefit.

Reserves

The reserves policy agreed in November 2022 remains the same. The Trustees seek to keep a minimum of £2,000 and a maximum of £5,000 of unrestricted funds in reserve.

Financial Review

There was a drop in income of over £100,000 compared to last year. This is largely a reflection of the difficult relationships that some Anglican churches now have with their local Diocese due to continuing controversy within the Church of England.

The Trust held unrestricted reserves of £9,025 at the end of the reporting period. This remains similar to last year and partner churches have been encouraged to apply for more grants in the coming year.

Grants are available to support ReNew Chelmsford partnership events, including training events put on by local hubs.

Small grants are also available to individual churches to support them in carrying out the ReNew agenda (pioneering, establishing and securing healthy local Anglican churches).

Restricted reserves of £90,953 are held in four different restricted funds. Three of these funds are for the support of gospel ministry in specific areas and the other is for paying Parish Share.

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Statement of Trustees responsibilities The Charities Act requires the Trustees to prepare, for each financial year, accounts which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended. In preparing those accounts the trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent, and prepare the accounts on the on going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by order of the Trustees on2*rtathk2D2fand signed on their behalf by: Rev Kieran Bush (Chair)

Good Stewards Trust – Essex and East London

For the year ended 30[th] June 2025

INDEPENDENT EXAMINERS REPORT

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 June 2025, as set out on pages 7 to 15.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed Date 3[rd] December 2025

A D Gray FCA 73 Shepherds Hill Harold Wood RM3 0NP

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Essex and East London Good Stewards Trust

Statement of Financial Activities

For the Period 01/07/2024 to 30/06/2025

Summary Income and Expenditure Account

Restricted Total Total
Unrestricted
income		 funds funds
Note funds funds 24/25 23/24
£ £ £ £
Incoming Resources 3
Voluntary income 1,750 189,506 191,256 304,527
Interest on savings 51 1,487 1,538 -
Total incoming resources 1,801 190,993 192,794 304,527
Resources Expended 4
Charitable activities 1,710 225,442 227,152 240,353
Other - - - -
Total resources expended 1,710 225,442 227,152 240,353
Net income/(expenditure) 91 (34,449) (34,358) 64,174
Net movement in funds 91 (34,449) (34,358) 64,174
Total funds brought forward 8,934 125,402 134,336 70,162
Total funds carried forward 9,025 90,953 99,978 134,336

Movements on reserves and all recognised gains and losses are shown above The notes on pages 9-15 form part of these accounts

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Essex and East London Good Stewards Trust Balance Sheet For the Period 0110712024 to 3010612025 Restricted Total income funds funds 24125 Total funds 23124 Unrestricted funds Note Flxed Assets Tangible assets Total fued assets Current Assets Debtors Cash at bank Total current assets 81 1,001 1,082 150 89,952 98,896 135,186 90,953 99,978 135,336 9,025 Creditors: amounts falling due within one year 1,000 Net current assets/(liabilitles) 9,025 90,953 99,978 134,336 Net assets 9,025 90,953 99,978 134,336 Fund balances Unrestricted funds General Funds Restricted income funds 9,025 9,025 8,934 90,953 90,953 125,402 Total funds 9.025 90,953 99,978 134.336 Signed by tsvo trustees on behalf of all the trustses Date of approval Signature Print Name Helen L ons Kieran Bush 27/11/25

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (2019) and FRS 102 and with the Charities Act 2011

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern

1.3 Change of accounting policies

The accounts present a true and fair view and there has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.4 Changes to previous accounts

No changes have been made to accounts for previous years.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

Note 2 Accounting policies Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources · the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources;
· the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure the incoming
related expenditure resources and related expenditure are reported gross in the SoFA
Grants and donations Grants and donations are only included in the SoFA when the general
income recognition criteria are met
Tax reclaims on donations Gift Aid receivable is included in income when there is a valid declaration
and gifts from the donor. Any Gift Aid amount recovered on a donation is
considered to be part of that gift and is treated as an addition to the same
fund as the initial donation unless the donor has specified otherwise.
Donated goods Donated goods are measured at fair value (the amount for which the asset
could be exchanged) unless impractical to do so. Goods donated for on-
going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at
facilities the value of the gift to the charity provided the value of the gift can be
measured reliably.
Volunteer help The value of any voluntary help received is not included in the accounts
but is described in the trustees’ annual report.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a
legal or constructive obligation committing the charity to pay out resources
and the amount of the obligation can be measured with reasonable
certainty.
Governance costs Comprises of all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Grants with performance
conditions		 Where the charity gives a grant with conditions for its payment being a
specific level of service or output to be provided, such grants are only
recognised in the SoFA once the recipient of the grant has provided the
specified service or output.
Grants payable without
performance conditions		 These are only recognised in the accounts when a commitment has been
made and there are no conditions to be met relating to the grant which
remain in the control of the charity.
Creditors and provisions Creditors and provisions for liabilities and charges are recognised and
measured as:
· creditors: amounts falling due within one year
· creditors: amounts falling due after one year
· provisions for liabilities

ASSETS

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.

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Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Voluntary
income and
Savings
Interest		 Analysis Thisyear
Lastyear		 Thisyear
Lastyear
**St Georges ** **St Peters ** **St Johns ** St Michael Other Total Total
Restricted donations £18,934 £99,818 - £70,754 - £189,506 £301,443
Interest(restricted funds) £1,487 £1,487 -
General donations £250 £1,200 £1,450 £2,784
Interest(general funds) £51 £51 -
Gift Aid £300 £300 £300
Total £192,794 £304,527

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Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Analysis Thisyear
Lastyear		 Thisyear
Lastyear
Parish Share
(restricted)
Church
Support
(restricted)		 Barking and
Dagenham
(restricted)		 Christ Church
Leyton
(restricted)
General
Fund		 Total Total
Charitable
activities		 Donations to Chelmsford
Diocese		 £189,525 £4,627 £3,000 £197,152 £214,353
Grants for Ministry
Support		 £28,290 £28,290 £5,000
Other grants (see report
for details)		 £1,710 £1,710 £1,000
Other Returned restricted
donations		 - £20,000
Total £227,152 £240,353

Note 5 Tangible fixed assets

The trust has no tangible fixed assets

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Section C Notes to the accounts (cont)

Note 6 Charity funds

6.1 Details of material funds held and movements during the current reporting period

Key: R - restricted income funds, U - unrestricted funds

Fund names Type Purpose and Restrictions £
Fund
balances
brought
forward		 £
Incoming
resources		 £
Outgoing
resources		 Transfers
£		 £
Gains
and
losses		 £
Fund
balances
carried
forward
Restricted Fund
(Parish Share)		 R To make Parish Share contributions
to the appropriate Diocese, to support
the ministryof contributingchurches		 69,030 189,506 (189,525) (69,010) - 1
Restricted Fund
(Church Support)		 R To support ministry in churches
named bythe donors		 4,627 (4,627) - -
Restricted Fund
(Barkingand Dagenham)		 R To support Anglican gospel ministry in
Barkingand Dagenham		 10,835
 128 (3,000) - - 7,963
Restricted Fund
(North Walthamstow+)		 R To support gospel ministry in North
Walthamstow and beyond		 40,910 810 - - - 41,720
Restricted Fund
(Christ Church Leyton)		 R To support ministry costs at Christ
Church Leyton		 - (28,290) 28,290 - -
Restricted Fund
(Felsted+)		 R To support gospel ministry in Felsted
and beyond		 - 549 40,720 41,269
General Funds U Unrestricted funds to fulfil the objects
of the trust		 8,934 1,801 (1,710) - - 9,025
Total Funds as per balance sheet 134,336 192,794 (227,152) 0 - 99,978

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Section C Notes to the accounts (cont)

Note 6 Charity funds (cont)

6.2 Transfers between funds

This year

From Fund(Name) To Fund(Name) Reason Amount
Restricted Fund
(Parish Share)		 Restricted Fund
(Christ Church Leyton)		 Transfer requested bydonor 28,290
Restricted Fund
(Parish Share)		 Restricted Fund
(Felsted+)		 Transfer requested bydonor 40,720

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Section C Notes to the accounts (cont)

Note 7 Cash at bank and in hand

Note 7 Cash at bank and in hand
This year
£		 Last year
£
Short term deposits - -
Cash at bank and on hand 98,896 135,186
Other - -
Total 98,896 135,186

Note 8 Transactions with trustees and related parties

8.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

8.2 Trustees' expenses

No trustee expenses have been incurred

8.3 Transactions with related parties

There have been no related party transactions in the reporting period

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