SWP MINISTAY the of the LQR SHERBORNES WITH PAMBER MINISTRY TRUST- TRUSTEES REPORT Purpose . The purpose of Sherbornes with Pamber Ministry Trust {SwPMTI Is to advance the Christian religion in the diocese of Winchester primarily within the parish of the Sherbornes with Pamber and in particular (but not exclusively) . to pay or contribute towards the salary, costs and expenses lincluding the provision of living accommodation} of a Christian worker or workers employed by the Parochial Church Council IPCCI of the Sherbornes wlth Pamber ISWPI and approved by the trustees and to support evangelism and pastoral work. The trust was set up in 2021 to replace the Sherbornes with Pamber Parish Trust ISWPPTI. Maln charltable artlvltles . Ralslng funds and provldlng 8lfts to cover the salary and expense5 of the parish ministry assistartts IPMAI, including the payment of renL Hl8hll8hts In the Year to 311812025 . DurSn8 the year, the Income of the trust was £ 26,952.41 and the expendlture was £ 6,982.50. Overall, Income ex¢eeded eJTpendlture by £ 19,969.91. The funds increased from £258,436.93 to £278,406.84. Trustees . Peter Marrison, Nicholas Robert Hardin& Andrew Mark Spence. Nicholas John Elphick. Kirtna Brack and Jenni Monger lappointed 3011120241. Nick Hardin8 and Andy Spence have also been on the SWP PCC throu8hout the year and Nick Elphick has been on the SWPPCC since 0610412025. 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 charities for the advancement of religion and the public benefit, review the flnancial posidon and consider future opportun[e$. New trustees are elected by the existing ones and there is no set term for seNlng as a trustee. All trustees affirm the doctrinal statement annually as committed Christlans with evan8ellcal and biblical beliefs includin8 The divine inspiration and supreme authority of the bible The universal sinfulness of man and the tertainty of judgement The death of Christ takin8 the penalty for sinners and bodily resurrectfon from the dead The necesslty of individual new birth by the Holy Spirit The visible evidence of personal repentance and Chrisdan living The certain expectation of the personal return of the Lord Jesus Christ
Financlal Revlew Expendlture of £ 6,982 was up by 27% on the previous year. This was made up of gifts to the PCC of £ 6,221 lup 35%) and £395 to the SSJ school (down 29%) and fees to the independent examlner of £480 lup 25%). All expenditure was in accordance with the aims of the Trust. The gifts to the PCC were £500 towards the cost of updating their website and £2,CQO for the costs of Youth & Children's Ministry. £221 for ministry reading materials and £3.500 to support the PCC contributing the full cost of a full-time minister to the Diocese of Winchester in 2024. The PCC did not employ a Parish Ministry Assistant during the year. The Income of £ 26.952.41 wa5 up by 5% compared to the previous year. This was made up of regular donations of £ 15,470.IXI (down 12%), one-off donations of£ 557.50 (down 30%), Gift Aid reclaimed of £ 3,978 lup 18%>, interest on deposits of £6.946 70%). Donations are mainly from members of the church congregation. Enquiries about donations are dealt with confidentially by the parish stewardship secretary Lynda Harding* who administers the 81ft aid reclalms. The ossets at the end of the year were £278,406.84 lup 8%>. Thls reflected an Increase in funds of £19,969.91 reflectin8 that the PCC did not employ a PMA during the year. Thls compared to the Increase of £20,164.04 for the previous year. Durln8 the year the Vlr8ln Money account was c105ed nd a new account with Shawbrook Bank opened. Outlook for ihe comlng year . The trust alms to alleviate the PCC'S costs If It employs a PMA tO8ether with the PMA'S accommodation costs of livin8 in the parlsh. There Is currently no PMA. but the PCC will be employing a Music Outreach Leader from 1° September 2025 and the trustees have agreed to a gift to the PCC for £IOk over the comin8 year to alleviate the PCC'S Costs for this new role. There are no restricted funds and hence all existing fund5 can be used for any purpose permitted within the trust rules. The trustees intend to use the bequest of £179,788 passed to It bv the SWPPT as a separate Property Fund to cover future accornmodation costs of PMAS. This may Involve taking a mort8a8e loan to supplement the bequest to afford purchaslng a sultable property, but the Jmescale for this remalns uncertaln.
THE SHERBORNES WITH PAMBER MINisfRY TRusf REGisfERED CHARITY No 1194771 AcccMJKrs FOR THE YEAR FROM I SEPTEMBER 2024TO 31 AIIGUST2025 Fund5 as at 311812025 Funds as at 3110812024 Lloyds Bank Account 16,583.40 Uoyd5 Bank Account 18.811.57 Shawbrook Bank Account 85.403.02 Wir8in MOW Account 86.132.45 Klngdom Bank Account 91.420.42 Kingdom Bank Attount 88.492.91 Chartty Bank Account 85,C(Q.(Ji Charlty Bank Account 65.Lll).(X) Due to the Trust o. Due to the Trust O.( Due fr¢>m the Trust o.( Due from the Trust Total . Tot1 Incr•as• In funds durlryth• y•ar •nded 31iW25 . £ I9.9L Itur• Incom• £ Donatk>ns regular 2025 15.470.( Iturn £ Glfts to SWP PCC 2025 6321.50 2024 I7.4.[1 l)onat5ons one-off 557.50 Glfts to Parth Mlnb5try Assistant to offset accommodatlon costs 0.00 Tax Tellef on don4llons 3.978.75 1361.25 395.(X) 550.(XI Interest 6.946.16 4.076.93 Professkjnal Fees- IndepeNlent Examlner Rental refund Total Expernllture 360.L 1114.ojl Total In¢om• 26J51AI 25,67&04 Exc•u of 0r Exp•ndIrn In y••r •d 3118125: £ 19W.91. 14ot•: The accounts wtre prepared on a rtcelpts •nd payrtrt basts. Approv•d by th• trust•w and sn•d th•lr b•h•ll Nicholas Hardl-Truste nd Honorary Treasurer. Date: CorresporKlence Address: 19, Cranesfield. SherbDrne St John. Da[¥$toke. 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 year ended to 31 Au8USt 2025 and Financial Review, which are set out on page5 2 to 3. Resperti¥e responsibillties of the Trnstees and the Examlner 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 Act) and that an Independent examinatton is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act follow the procedures laid down in the general Directions given by the commission under section 145151 Ibl of the 2011 Act to State whether particular matters have come to my attentlon Basls of the Independent Examlnerfs Report My examination was Carrled out in accordance with the general Directlons given by the Charity Commission. An examlnatfjon includes a review of the aCcoUnn records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderation of any unusual items or disclosure5 in the accounts, and seeking explanatfjons from the trustees concernSng any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and consequently no opinlon is given as to whether the ac¢ounts present a 'true and fair Vie and the report Is limited to those matters set out in the next ststement. Independent Exarnln¢rfs statement In connectton with my examlnatlon, no matter has come to my attentton . 11 whSch 8lves me reasonable cause to believe that in any material respert the requirements: to keep accountfjn8 records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accoundn8 records and comply with the accounting requirements of the 2011 Act have not been met or 21 to which, in my opinion. attentton should be drawn In order to enable a proper understanding of the accounts to be reached Signed by . Date .. Z i obokn 202 Chaweevan Williams FCCA Verdant Accountants Chartered Certified Accountants 20-22 Wenlock Road. London Nl 7GU