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2024-12-31-accounts

TRUSTEES’ ANNUAL REPORT

LIVERPOOL GOSPEL TRUST (1191547) YEAR END 31ST DECEMBER 2024

Table of Contents

1. Overview of the Charity .............................................................................................2
1. Overview of the Charity (continued) ...........................................................................3
2. Trustees and Governance ..........................................................................................4
3. Income and Expenditure ............................................................................................5
4. Activities and Achievements ......................................................................................6
5. Financial Health and Reserves Policy .........................................................................7
6. Future Plans ..............................................................................................................8
6. Declarations..........................................................................................................9
Appendix A – Receipts and Payments Accounts ........................................................... 10
Appendix A – Receipt and Payments Accounts (continued)........................................... 11
Appendix B – Independent Examiner’s Report .............................................................. 12

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1. Overview of the Charity

  1. Name: THE LIVERPOOL GOSPEL TRUST

  2. Charity Registration Number: 1191547

  3. Registered Address:

Brabners Llp Horton House Exchange Flags LIVERPOOL L2 3YL

  1. Summary of the purposes of the charity as set out in its governing document (SORP reference Para 1.17):

  2. a. The advancement of the Christian religion as this is set forth in the doctrine of the Church of England for all those within the Diocese of Liverpool (or in such other places as the Trustees shall in their absolute discretion decide from time to time), by supporting, through the making of grants or otherwise the following:

    • a. The provision and maintenance of facilities for public worship;

    • b. The provision of appropriately trained people for the conduct of public worship and provision of pastoral care;

    • c. Outreach and evangelism; and

    • d. The promotion of the awareness and understanding of the doctrine of the Church of England.

    • e. Any other exclusively charitable purpose or purposes (according to the Law in England and Wales) which the trustees shall in their absolute discretion determine from time to time.

  3. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts (SORP reference Para 1.17 and 1.19):

  4. a. The Charity has started to raise more significant funds via donation. Before beginning, by the making of grants and otherwise, to apply funds towards achieve the objects/purposes set out above, and thus for the public benefit, the Charity has been drafting a suitable Financial Controls Policy, GrantMaking Policy and related grant-making application forms to aid its making of grants.

  5. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit (SORP reference Para 1.18):

  6. a. The trustees continue to have due regard to the Charity Commission’s guidance in What Makes a Charity (CC4), the Public Benefit Framework, Running a Charity (PB2) and Public Benefit: reporting (PB3).

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1. Overview of the Charity (continued)

  1. Policy on grant making (SORP reference Para 1.38):

  2. a. A grant-making policy has been drafted and is in use (although not in the previous period). Suitable updates to this policy are being considered at present. These include, but are not limited to, grants that are over £1,000.00 be agreed by the trustees only at a meeting rather than via electronic communication.

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2. Trustees and Governance

  1. Trustees at the end of the financial year:

  2. a. Thomas Atkinson (Chair as elected on the 06/05/2024).

  3. b. Mark Cooper

  4. c. Jamie MacLeay

  5. d. Genevieve Craze-Romero (Treasurer as elected on the 22/07/2024).

  6. Resignations:

  7. a. None in the period.

  8. Type of governing document (SORP reference Para 1.25):

    • a. CIO “Foundation” Constitution.

  9. How the charity is constituted (SORP reference Para 1.25): a. CIO.

  10. Trustee selection methods including details of any constitutional provisions e.g., election to post or name of any person or body entitled to appoint one or more trustees (SORP reference Para 1.25):

    • a. The Charity’s CIO Constitution provides for the appointment of first charity trustees for fixed periods of between 1 and 3 years, and for subsequently appointed trustees to be appointed for a term of three years by resolution passed at a properly convened meeting of the charity trustees. In selecting trustees for appointment, the trustees are required to have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The trustees have identified a need to have represented amongst the trustees the following skills, namely,

      • i. Financial/investment,

      • ii. Property ownership and management,

      • iii. Ministry (teaching, leading),

      • iv. Governance/Legal and operational.

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3. Income and Expenditure

  1. Total income for the financial year: £30,902

  2. Total expenditure: £180

  3. Reserves at the end of the year (SORP reference Para 1.22): £700

  4. Major sources of income:

  5. a. Donations: £30,902

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4. Activities and Achievements

  1. Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole (SORP reference Para 1.20):

  2. a. As referred to above, the Charity has raised limited funds, but awaits the anticipated receipt of greater funds before applying the same, by the making of grants and otherwise, towards achieving the objects/purposes set out above, and thus for the public benefit.

  3. b. In the meantime, the trustees have been developing the requisite documentation to responsibly administer the funds raised. The trustees anticipate that grant-making will proceed in the following accounting period.

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5. Financial Health and Reserves Policy

  1. Statement explaining the policy for holding reserves stating why they are held (SORP reference Para 1.22):

  2. a. The Charity has developed a reserves policy. It forms a part of our Financial Controls Policy and is reproduced here.

1. Reserves Policy

1.1 Purpose of Reserves

The Liverpool Gospel Trust will maintain financial reserves to:

1.2 Determining the Level of Reserves

The target level of reserves will be reviewed annually by the Trustees and will be based

on:

  1. Operating Costs: Reserves will cover a minimum of 3-6 months of essential operating costs, including administration costs such as website hosting fee, accountant and professional fees, software subscriptions and other fees,

  2. Risk Assessment: Potential financial risks, such as reduced income from

donations or grants.

  1. Future Plans: Anticipated major expenditures, projects, or growth initiatives.

1.3 Managing Reserves

1.4 Monitoring and Reporting

1.5 Disclosure of Reserves Policy

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6. Future Plans

  1. The trustees anticipate to start the making of grants and otherwise, towards achieving the objects/purposes set out above, and thus for the public benefit immanently. Applications have been received by the trustees and are currently under review.

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6. Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees.

Signature(s):

Full name(s): Thomas Charles Atkinson Position: Trustee and Chair Date: 25/10/2024

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Appendix A- Receipts and Payments Accounts CHARITY COMMISSIO FOR ENGLAND At4D WAIE ive l Gos l Trust 1191547 Receipts and payments accounts CC16a Forthe period from To Section A Receipts and payments Unrestricted Restricted Endobvment Tolal funds funds tothe neartst fund5 fund5 Last year toth• n•8r•$t£ tothe nearestt tothe hearest£ toth• n￿r￿$t£ A1 R•¢•l 30,902 30,902 9014 Sub total(Gross income for AR) 30,902 30,902 9M14 A2 Asset and investment sales, (see tsblel. Sub toral 30,902 30,902 9,814 A3 Payments Expense 18 Sub TOTal 180 A4 Ass•t and InV•s￿•Trt ur¢has•s. s•• tabl• Sub rotal Totalpayments 180 Net ofreCeipts/(paYn￿nts) AS Transfers betsveen funds A6 Cash funds last year end Cash funds this yearend 30,722 30,722 9,814 24,845 55,567 24.845 55.561 15,031 24,845 Tuesday 7th October 2025

Appendix A – Receipt and Payments Accounts (continued)

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Appendix B- Independent Examiner's Report CHARITY COMM155ION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner'5 Report Report to th¢ tnJ$tees THE LIVERPOOL GOSPEL TRUST On a¢courtts for the year •nd•d 31 De¢ember 2024 Charity no lif any) 1191547 S•t on p8ges l report lo trustees on my ex8min8trJn of the aGcounl$ of Ihe 8bDve charity I th8 Trusl") lor Ihe yaar ended 3111212024. ResponsIbllh￿S and basis of rep¢xt As the Charity's trustee5, you ar8 r8sponsib18 for the preparation of the accounts in accordance with the requirefnenls of the Chariti95 A¢t 2011 I'the Acl.). I report In respéd of my &xamination of th& Trust's accounts carried out nder setlion 145 of Ihe 2011 A¢t and in ¢arryiTrg oul my exarninalion, I hav8 followed all the applic2bl8 Dlrections given by the Charity Cornmission under secbon 14515Xbl of the A¢t. Independent I have completeij my examin8tion. I confimi Ih8t no m8tÈrial m811ers h8ve Qxamingrfs statgment ¢ome lo rHy attent￿n in connection with the examination which giv8s me C8usg lo bglieve Ihal In, any material ￿SpecI.. th8 accounting records were nol kepl In accordan￿ with section 130 of the Charities Act., or the account5 did not accord with the accounting r8tords', or the acGounls dKI not comply with the applicable requirements ¢OtFGerfiing the form and content ol accounts sel out in th8 Ch8rili8S IAc(ounls and R$portsl Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which 15 nol a matter consid8r8d as part of an indep8ndènl examination. I have no concerns and have come across m other m8tlers in ¢onne¢ii wilh the exarninalion to which attention should be drawn in this r8POrt in Oféer to enable a proper understanding of the ac¢ounts lo be rea¢hed. ' Rgas8 delele the words in Ihe brackets if they do nolspply. Slgnod.. 2011012025 Name.. CCA Rglevant professional quallfl¢81ionl$l or body lif any).. Chartered Inslilule of Ceriified Ac¢ounlanls IACCAI ACCA R8f8r8nc8 2659593 IER Oct 2018 Tuesday 7th October 2025

Appendix B – Independent Examiner’s Report (continued)

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