## THE OXFORD GOOD STEWARDS TRUST
## Annual Report and Accounts
_**For the year ended 31 December 2025**_
**Registered charity: 1193525**
## The Oxford Good Stewards Trust
Trustees Annual Report for the year ended 2025
## **Reference and Administrative Information**
The Trustees present the report and accounts of the Oxford Good Stewards Trust (“OGST”) for the year 2025. The accounts have been prepared in accordance with the Charities SORP (FRS102) [ _Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)_ ].
The Trust is a registered charitable incorporated organisation (number **1193525** ) whose principal address is:
7 Colegrove Down, Oxford, OX2 9HT
## **Structure Governance and Management**
The aim of the Oxford Good Stewards Trust is to help grow the Kingdom of God by receiving donations and making grants mostly within the Oxford Diocese.
The trust was registered as a CIO with the Charity Commission on 15 February 2021.
## **Trustees**
|**rustees**||
|---|---|
|Michael Byrne|(Treasurer)|
|Megan Carter||
|Mike Clark|(Secretary)|
|Ralph Hewins||
|Trevor Rayment|(Chair)|
In accordance with the governing document, the minimum number of trustees is four and new trustees are appointed by a majority of existing trustees following recommendations from supporting churches.
During 2025, the trustees have met 4 times. Most meetings are online; one meeting was in person. All meetings are minuted and any decisions taken via email are recorded in the minutes.
## **The Object of the Oxford Good Stewards Trust**
The object of the CIO is to advance the Christian religion, as this is set forth in the statement of faith, for the benefit of the public residing in the Diocese of Oxford or elsewhere as approved by the Trustees, by supporting, through the making of grants and otherwise,
- a. the provision and maintenance of facilities for public worship,
- b. the provision of ministers and others for the conduct of public worship, outreach and provision of pastoral care,
- c. outreach and evangelisation, and
- d. the promotion of the awareness and understanding of the doctrine of the Church of England. The doctrine of the Church of England is for the purposes of this clause 3d to be construed in accordance with the Church of England (Worship and Doctrine) Measure 1974 as originally enacted.
The Trust is a public benefit entity. The Trustees confirm that they have given due regard to the public benefit guidance published by the Charity Commission. This guidance requires that the charity has identifiable benefits and that these be of benefit to the public or a section of it. The objectives, activities, achievements and performance are required to be summarised in the annual report.
The Oxford Good Stewards Trust
Trustees Annual Report for the year ended 2025
## **Achievements and Performance**
The principal tasks of the past year have been to support existing and find new projects in churches within the Diocese alongside operation of the Oxford Diocese Fund (ODF). There have been fewer visits to PCCs by trustees, but OGST has continued to communicate with PCCs sharing the experience of others wherever possible.
Grants to churches for gospel growth projects have grown considerably during this year. Wherever possible we encourage donors to make links with the recipients of funds so that fellowship in the Gospel can grow.
In 2025 the value of the Oxford Diocese Fund that pools the Parish Share grants from a number of churches has continued to grow although the number of contributors is not so large. The trend that we observed in 2024 has continued: after taking the often-difficult step of pooling their Parish Share with the Oxford Diocese Fund, PCCs will often go on to consider their share in a more strategic and gospel-focused strategic way. As a result, some of the money previously directed to the Diocese is then repurposed from the Oxford Diocese Fund and directed to the support of other projects. Some but not all of these are projects supported by OGST.
Communication with PCCs continues to underpin the work of OGST and trustees have begun to think how to do this better so that OGST can understand the needs of PCCs and PCCs can help OGST develop its work in fruitful directions. The website has an important role in explaining what OGST does, but we are aware that this is not sufficient in itself.
The trustees’ primary aim in all things is to bring glory to God and to advance His Kingdom. None of the progress made this year would have happened without God’s help and we give praise to Him.
## **Financial Review**
There has been a significant increase in financial activity this year, and it has been encouraging to see an increase in giving to our projects from £17K (2024) to £137K; for the first time this has included both a small amount of gifts from individuals and grants which the trustees have been able to allocate from general funds. Contributions to our Oxford Diocese Fund have also increased.
Our primary operational costs have been the bank charges, website maintenance and the cost of an independent examination of the accounts.
Trustees are very grateful for the generosity of supporting churches and individuals.
## **Reserves Policy**
In accordance with best practice, the Trust’s reserves policy is to hold reserves in the form of net current assets sufficient to cover the equivalent of at least three months of unavoidable operational expenditure. Most of the Trust’s income is restricted giving (to our Oxford Diocese Fund or one of our approved projects) and is usually paid out within a month of receipt, though smaller amounts may be accumulated for up to six months. Unrestricted giving is accumulated in the General Fund until there is sufficient over and above foreseeable operational costs for the trustees to be able to make one or more significant grants to approved project(s).
## **Principal Risks and Uncertainties**
The Trustees consider that the principal risk to the work of the Oxford Good Stewards Trust is not financial but a lack of confidence by churches and donors in its work which would mean that the Trust could not meet its objectives. Trustees are investing time and effort to make the operations of the Trust transparent and accountable and are investing time in communications with Churches in the Oxford Diocese.
## **Safeguarding Policy**
OGST has a safeguarding policy and OGST will seek assurances annually from grant receiving bodies that they are actively fulfilling safeguarding legislation as a condition of making or continuing a grant.
## The Oxford Good Stewards Trust
Trustees Annual Report for the year ended 2025
## **Declaration**
The Trustees approved the Trustees report above on 18[th] March 2026. Signed on behalf of the charity’s Trustees by:
Trevor Rayment, Chairman
Mike Clark, Secretary
## The Oxford Good Stewards Trust
## Independent Examiner’s Report to the Trustees of The Oxford Good Stewards Trust
I report on the accounts of the Oxford Good Stewards Trust (“the CIO”) for the year ended 31 December 2025, which are set out on pages 6 to 11.
## **Responsibilities and basis of report**
As the charity trustees of the CIO 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 CIO’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**
Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of both the Association of Chartered Certified Accountants (ACCA) and the Association of Charity Independent Examiners (ACIE), both of which are listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirement concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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.
## **Jason Foxwell FCCA FCIE**
Independent-examiner.net
12 Hillbourne Road, Poole, BH17 7JB
12 April 2026
## The Oxford Good Stewards Trust
## Statement of Financial Activities for the year ended 31 December 2025
|Notes
**Income**
Income from churches
Income from personal donors
Tax recovered
Other income
Interest on savings/investments
**Total incoming resources**
**Expenditure**
Parish Share paid to Oxford Diocese
Grants to projects
Bank charges
Governance
Other administrative costs
**Total resources expended**
**Net income**
**Transfer between funds**
**Total funds brought forward**
**Total funds carried forward**|Un-
restricted
Restricted
- ODF(*)
Restricted
- Other
**Total 2025**
£
£
£
**£**
8,004
767,141
126,256
**901,400**
0
4,695
**4,695**
250
656
**906**
0
0
**0**
71
**71**|_Total 2024_
_£_
_679,805_
_0_
_0_
_0_
_68_|
|---|---|---|
||8,325
767,141
131,607
**907,072**|_679,872_|
||767,141
**767,141**
0
136,607
**136,607**
60
**60**
650
**650**
127
**127**|_662,388_
_17,417_
_60_
_575_
_247_|
||837
767,141
136,607
**904,585**|_680,687_|
||7,487
0
(5,000)
**2,487**
(5,000)
0
5,000
0
3,408
0
0
**3,408**|_(814)_
_0_
_4,223_|
||5,896
0
0
**5,896**|_3,408_|
(*) ODF is the Oxford Diocese (Parish Share) Fund
## The Oxford Good Stewards Trust
Balance Sheet as at 31 December 2025
|Notes
**Fixed Assets**
Tangible Assets
**Current Assets**
Debtors
4
Cash at bank
**Creditors: due within 1 year**
5
**Net Current (Liabilities)/Assets**
**Total Assets less current liabilities**
**Creditors: due after more than 1 year**
**Provisions for liabilities**
**Net assets**
**Represented by:**
Restricted Funds
6,7
Unrestricted Funds
7
(designated and general)|**2025**
_2024_
**£**
_£_
**0**
_0_
**0**
_0_
**30,503**
_31,819_|
|---|---|
||**30,503**
_31,819_
**24,607**
_28,411_|
||**5,896**
_3,408_|
||**5,896**
_3,408_
**0**
_0_
**0**
_0_|
||**5,896**
_3,408_
**0**
_0_
**5,896**
_3,408_|
||**5,896**
_3,408_|
## The Oxford Good Stewards Trust
Statement of Cash Flows for the year ended 31 December 2025
|Notes
**Cash flows from operating activities:**
_Net cash provided by (used in) operating activities_
8
**Cash flows from financing activities:**
Repayments of borrowing
Cash inflows from new borrowing
_Net cash provided by (used in) financing activities_
Cash and cash equivalents brought forward
**Cash and cash equivalents carried forward**|Unrestricted Restricted
**Total**
**2025**
_Total_
_2024_
£
£
**£**
_£_
2,562
(3,879)
**(1,317)**
_27,072_
0
0
**0**
_0_
0
0
**0**
_0_|
|---|---|
||0
0
**0**
_0_|
||3,983
27,836
**31,819**
_4,748_|
||6,546
23,957
**30,503**
_31,819_|
The notes numbered 1 to 8 form part of these accounts.
Signed on behalf of the trustees:
Trevor Rayment (Chair); 18[th] March 2026
Michael Byrne (Treasurer); 18[th] March 2026
The Oxford Good Stewards Trust
Notes to the Accounts for the year ended 31 December 2025
## **1. Basis of preparation**
## **Basis of accounting**
These accounts have been prepared on an accruals basis in accordance with:
- the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
- the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)
- and applicable charity law.
## **Change in basis of accounting**
There has been no change to the basis of accounting since last year.
## **Changes to previous accounts**
No changes have been made to accounts for previous years.
## **2. Accounting Policies**
The following policies have been used in the preparation of these accounts:
## **Income**
All income is included in the accounts when the Trust is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is recognised in the period to which it relates.
## **Expenditure**
All expenditure is accounted for inclusive of VAT, which cannot be recovered, on an accruals basis and has been classified under headings that aggregate all costs related to the category.
## **Tangible Fixed Assets**
## **Debtors**
Debtors are measured at their recoverable amounts.
## **Liabilities**
Liabilities are measured at their settlement amount.
## **3. Disclosures**
There are no material uncertainties about the Trust’s ability to continue. The Trust is a public benefit entity.
## **Disclosure of Trustees’ remuneration and benefits**
In the reporting period none of the Trustees have been paid any remuneration or received any other benefits from an employment with the Trust or a related entity.
## **Disclosure of Trustees’ expenses**
In the reporting period no expenses have been incurred by Trustees in fulfilling their duties.
## **Disclosure of related party transactions**
There have been no related party transactions in the accounting period.
## **Disclosure of audit, independent examination and other financial service fees**
An independent examination fee of £650 has been included in these accounts.
## The Oxford Good Stewards Trust
## Notes to the Accounts for the year ended 31 December 2025
## **4. Debtors**
|Notes
**Debtors**
Trade debtors
Amounts owed by associated undertakings
Prepayments and accrued income
Other debtors
**. Creditors: due within one year**
Notes
**Creditors: due within 1 year**
Trade creditors
Amounts owed to associated undertakings
Accruals and deferred income
Other creditors (excluding loans/mortgage)|**2025**
_2024_
**£**
_£_
**0**
_0_
**0**
_0_
**0**
_0_
**0**
_0_|
|---|---|
||**0**
_0_
**2025**
_2024_
**£**
_£_
**650**
_575_
**0**
_0_
**0**
_0_
**23,957**
_27,836_|
||**24,607**
_28,411_|
## **5. Creditors: due within one year**
## **6. Fund Movements**
|**6. Fund Movements**||
|---|---|
|**Fund**
**Type**
Notes
ODF
Restricted
Project BAN
Restricted
Project BFY
Restricted
Project BRP
Restricted
Project CNY
Restricted
Project CWY
Restricted
Project HWS
Restricted
Project HYT
Restricted
Project MWF
Restricted
Project SLH
Restricted
Project THA
Restricted
Project WFP
Restricted
General
Unrestricted
**Total Restricted**
**Total Unrestricted**
**Total**|**_Balance_**
**_1st Jan_**
**_2025_**
**Transfers**
**Income Expenditure**
**Balance**
**31st Dec**
**2025**
_£_
£
£
£
**£**
_0_
0
767,141
767,141
**0**
_0_
0
0
0
**0**
_0_
0
10,000
10,000
**0**
_0_
0
13,950
13,950
**0**
_0_
3,000
6,000
9,000
**0**
_0_
0
11,000
11,000
**0**
_0_
0
25,256
25,256
**0**
_0_
0
0
0
**0**
_0_
2,000
4,250
6,250
**0**
_0_
0
30,000
30,000
**0**
_0_
0
31,151
31,151
**0**
_0_
0
0
0
**0**
_3,408_
(5,000)
8,325
837
**5,896**|
||**_0_**
**5,000**
**898,748**
**903,748**
**0**
**_3,408_**
**(5,000)**
**8,325**
**837**
**5,896**|
||**_3,408_**
**0**
**907,072**
**904,585**
**5,896**|
## The Oxford Good Stewards Trust
Notes to the Accounts for the year ended 31 December 2025
## **7. Analysis of Net Assets between Funds**
|Notes
**Restricted Funds**
ODF
Project BAN
Project BFY
Project BRP
Project CNY
Project CWY
Project HWS
Project HYT
Project MWF
Project SLH
Project THA
Project WFP
**General Funds**|Tangible
Fixed
Assets
Current
Assets
Current
Liabilities
Loans Due
after 1
year
Total
_£_
£
£
£
**£**
13,957
(13,957)
**0**
0
0
**0**
0
0
**0**
10,000
(10,000)
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
0
**0**
0
6,546
(650)
0
**5,896**|
|---|---|
||0
30,503
(24,607)
0
**5,896**|
## **8. Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|Notes
**_Net income/(expenditure) for the reporting period_**
**_(as per the Statement of Financial Activities)_**
**Adjustments for:**
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Transfers between funds
**_Net cash provided by (used in) operating activities_**|Unrestricted Restricted
**Total**
**2025**
_Total_
_2024_
£
£
**£**
_£_
7,487
(5,000)
**2,487**
_(814)_
0
0
**0**
_0_
75
(3,879)
**(3,804)**
_27,886_
(5,000)
5,000
**0**
_0_|
|---|---|
||**2,562**
**(3,879)**
**(1,317)**
**_27,072_**|