SWP MINisfRY olthe SHERBORNES WITH PAMBER MINISTRY TRUST-TRUSTEES REPORT urpose: The Sherbomes with Pamber Ministry Trust ISWPMT) was set up in 2021 to replace the Sherbornes with Pamber Parish Trust ISWPPT. The purpose of the trust is to advance the Christian religion in the diocese of Winchester primarily within the parish of the Sherbomes Wlth Pamber and In particular (but not exclusively) . to pay or contribute towards the Salary, costs and expenses lincludlng the provision of INing accommodation) of a Christian worker or workers employed by the Parochial Church Council IPCCI of the Sherbornes with Pamber {SwPI and approved by the trustee5 and to support evangelism and pastoral work. Maln charltable actlvltie5 . Raisin8 funds and providin8 gift5 to cover the salary and expenses of the parish ministry assistants, including the payment of rent. Hlghll8hts In the Perlod from Re8lstratlon 2116121 to 311812021 . On 11 June 2021, the Ministry Trust was approved by the Charity Commission as a Charitable Incorporated Or8anisation with similar aims to Parish Trust and wtth the same trustees. Thls wlll enable the trustees to continue the work of the SWPPT with limited liability and facilitate the SWPMT purchasing and owning a property to house a PMA rather than rentln8. A deed of transfer approved on 5 December 2021 agreed to transfer all the assets of the SWPPT Registered Otarity No 1090Cy)O to the SWPMT Re8lstered Charity No 1194771. In November, a bank account was set up for the SWPMT. In June. the transfer of assets from SWPPT was completed and the charity lo was closed in Au8USt. Durlng the perlod, the Incorne of the trust was £ 230.966.74 and the expendlture was £ 19,480.15. Overall, income ¢xceeded expendlture by £ 211N86.59. This result was consistent with having covered the costs of the PMA who left in July 2022. This enabled him to support the work of the church. in preachin8 the Gospel and supporting outreach for people wantlng to leam more about Jesus. All expenditure was on the costs of the SWP PMA who was employed by the PCC. Consequentty. all expenditure was in accordance with the aims of the Trust. Trustees .. Peter Marrison, Nicholas Robert Harding, Andrew Mark Spence. Nicholas John Elphick and Kirtna Brack. Nick Harding and Nick Elphick have also been on the SWP PCC throughout the year. The trustees met three times in the year to ensure the trust is being run in accordance with the trust document considering the Charity Commission guidance on chartties for the advancement of religion and the public benefit. revtew the financial position and consider future opportunities. New trustees
are elected by the existing ones and there is no set tem for serving as a trustee. All trustees affinn the doctrinal statement annualty os commttted Christians With evangeli1 and biblical beliefs including The divine inspiration and supreme authorty of the bible The universal sinfulness of man and the certainty of judgement The death of Christ taking the penalty for Sinne and bodily resurrettion from the dead The necesswty of individual new birth by the Hoty Splrit The visible evidence of personal repentance and Christian living The certain expectation of the personal return of the Lord Jesu5 Christ Èlnanclal Revlew Expendlture was made up ofgifts to the PCC of £10.285.11 to offset employment Costs for the PMA and gifts of £8,995.04 to the PMA for accommodation costs. The Income was made up of transfers from the SWPPT of £211.lC.78 together with regular donation5 of £16.064 as donors to the SWPPT dlverted their donations. one-off donations of £1,425, Glt Ald reclaimed of £2.169.75 and Interest on deposits of £203.21. Donations are mainly from members of the church con8re8ation. Enquirles about donations are dealt with confidentially by the parish stewardship secretary Lynda Harding, who administers the gift ard reclaims. The ossets at the end of the year were £ 211,486.59. This reflerted that £ 211,104.78 has been transferred from the SWPMT. Excludin8 these transfers, the outgo exceeded the income by £381.81. tlook for the comlng year: The trust alms to allevlate the PCCS costs if It employs a PMA tO8ether with the PMA'S accommodation costs of living in the parish. As there is currently no PMA, no costs are anticlpated until the PCC employs a new PMA. There are rK> restricted funds and hence all exlstlng funds can be used for any purpose pemiltted within the trust rules. The trustees intend to use the bequest of £179,788 passed to It by the SWPPT as a separate Property Fund to cover future accommodation costs of PMAS. This may invofve taking a mort8age loan to supplement the bequest to afford purchasing a suitable property, but the timescale for this is uncertain.
THE SHERBORNES WITh PAMBER MINISTrY TRUST REGISTERED CHARITY No 1194771 AccoufiTS FOR THE PERIOD FROM REGISTRATION 11 JUNE 2021 TO 31 AUGU 2022 Funds as at 311812021 FUts as at 3110812022 Lloyds Bank Account Uoyds Bank Account 42,064.98 Virgin Money Account Wir8in Money Account 84,421.61 Kingdom Bank Account Kingdom Bank Account 85,Llll.C Due to the Trust Due to the Trust Due from the Trust Due from the Trust Totsl Totsl Zll.486.59 Increase in funds during the period erKted 3V08122 .. £ 211.477.92 Income and Expendllure In the Perfod Ended 3111x122 Income £ Donations regular Expendlture £ Gifts to SWP PCC to offset employment costs of Parish Ministry Assistant Gifts to Parish Ministry Assistsnt to offset accommodation costs Professn31 Fees- Indept Examiner 16,064.IX) 10.285.11 Donations one-off IA25. Tax rellef on donations 8,995.04 20J.CQ 2,169.75 Interest 203.21 Transfers from SWPMT Total Income 211,104.78 230.96&74 Total Expendfture 19A80.15 Excess of Income over Expendliure: £ 211A86.59 Excess of Income over Expenditure excluding transfers from SwPPT- £381.81. Note . The account5 were prepared on a receipts and payment ba5iS. Approved by the trustee5 and 518ned on their behalf by Nicholas Harding- Trus ee and Honorary Tasurer Date . Iioloe•2 corresponden Address: 19. Cranesfield, Sherbome St John, Basingstoke. RG24 9LN
Independent Examinerfs Report to the Trustees of the Sherbornes with Pamber Ministry Trust I report on the accounts of the trust for the period from registration 11 June 2021 to 31 August 2022 and Financial Review. which are set out on pages 2 to 3. Respertive responslbilitles of the Trtee5 and the Examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Actl and that n independent exèminatlon is needed. It Is my responslbility to . examine the accounts under section 145 of the 2011 A¢t follow the procedures laid down in the 8eneral Directions given by the commisslon under section 145151 Ibl of the 2011 Act to state whether parricular matters hawe come to my attention Ba51s of the Independent Examlnerfs Report My examination was carried out In accordance with the general Directlons given by the Charltv Commission. An examinatton includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It al includes consideration of anv unusual Items or dlsclosures in the accounts. and seeking explanations from the tru5tee5 concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and lair view" ènd the report is limited to those matters set 0111 in the next statement. Independent Examinees ststernent In ¢onne¢tion WTth my examination, no matter has come to my attention . 11 whlch glves me reasonable cause to belSeve that in any material respect the requirements '. to keep accounting records in accordance with $tion 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirement5 of the 2011 Act have not been met or 21 to which, in my opinion. attention should be drawn in order to enable a proper undersranding of the accounts to be reached Signed by '. Date: 8 1.0. 2e21 Chaweevan Williams FCCA Verdant Accountants Chartered Certified Accountants 167 Clarence Avenue. New Malden, Surrey Kr3 3TX