Charity R￿•t￿tIOn Numbar 1200135 ST ALDATES MINISTRY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 ST ALDATESMINISTRY CIO LEGALAND ADMINISTRATIVE INFORMATION Tru•ts•s J Corp8 A Godley S Cooper J jackson Ch•rltyNurnb•r 1200135 Indopond•nt exAmlnor Jama8TAv8nqr ACA nk•r• CAF Bank Ltd 25 KlnK8 HIIIAvenue West Maliing ME19 4JQ ST ALDATES MINISTrY CIO TRUSTEES, REPORTFOR THE PERIOD ENDED 31 DECEMBER 2024 The Tru8tgè8 pre8entthèir report and a¢countsforthe perlod ended 31 December 2024. The occounts ho￿ been prgpar9d in o¢¢ordon¢e with thg accountlng poilcle8 88t offi on pBges 6 to 8 and comptywith the Charity's governingdocum8nt, the Ch8rSti6s Aci 2011 and °A¢counting and Reporting by Charities: Statement of Recomrnended Practice applicableto charitie8 preparing their accounts in accordanee wth thè Financial Reporting Standard appliceble in the UK and Republic of Ireland IFRS 1021" la8 am8nded for accounting period8 commencin8ftom 1 January 20191. Objectives and •¢tlvltie* The ch8rity$ obj8ctive$ tho Gdvancament of the Chri8tl8n rellglon byth6 proclamBtion oftha gospel of Chri8t end the building up of hi8 body by th? ¢hur¢h by whatever legally charitable meBn8 the Tru8tee8 Sn their di8cretion818hallthinkfit. Tho charltyw88 created to provldè 8 mean8 of Incorporetlon oltha former St Ald8te8 Mln18try Trust IthèTrusii. During thè yèarthe Trust898 commi88ion8d 8 governance review and are cuireniiy in the proc&&8 of implameniingtha chang88 suggasted by that review. Thereafterthey 11 implement a longer term 8trat8KY. doing 80 they wlll pay dua r9gord to guidance on publlc benefit issued by the Charity Comm18slon. In the me8ntim$. th* funds rèc8ivad from the Tru8t have been Invest￿ 80 a8to achie￿ 8 Ilnancial return. Fln•ncl•l rovl•w The charlty recelved 8 donatlon of £200,000 alongwith irw88tment Incomo of £18.01312023'. É7.7881. In the prior yearthe charity received income of £187.305 being the entire a880t8 of the lomgr St A(datg$ Mlnl$tryTrust. The chAIlty'6 expendSture waB on bank char868 and legalf￿&. Struc￿￿•, 8owrn•nc• and fflanog•rnont The Charitywos establi8hed in August 2022 so 88 to provide a mèans of Incorporatlon of the St Aldotas Min18try Trust. The St Aldate8 Min18try Tru8tW8s e8tabli8hed In th8 1960's. Tho Trusteea who served during the year and upto the d&te of 8i4nature of th8finoncial stwgments were.. J Ba58et (Tesigned 10 lune 20251 J Cory)s S Fost8r Iresigned 10June 20251 A Godiey S Cooper (appointed 10 Jun8 20251 J Jackson lappointed 10 June 20251 K Slmson lappolnted 17 Maich 2023, r88igned 23 july 20241 ST￿[￿47E3 MINISTRY CIO TheTrusteès are rosponsibie for tho overallmanoggment and controlof the charlty. Tho board of Tru8tO08 mget8 98 and nece894ry. ThgTru8te8s' report wa8 approved bythe Board ofTrustg98. S Coopor, Tru8to8 ..2025 ST ALDATES MINISTrY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ALDATES MINISTRY CIO I report tothe trustee8 on my examlnation of th8 accounts of the above charlty l*hg Charity) forthe year ended 31 Decèmbar 2024. R￿pOnsibl11t1•* and basis of rnport As ih& ch8rity'stru8tse8, you are re3pon85bl&forihe pr&par8tion of the accounts Sn accordance wlth the 18quiromgnts oftho Charities Act 2011 l-the Act"). I report in re8P8Ct of ry èxamination ofthtr Charity's accounts carrled out under 8eCtlon 145 of the 2011 Act and in cgrrylng out my 8xamination, I havefollow8d 811 tha applicable Directions givèn by the Charity Commlssion under 89Ction 145(5llbl of the Act. Indapond•nt•xamlnorf• Jt&t•m•nt I have completed my examlnatlon. I confirm that no materlal mattèrs hav9 ¢omo to my attention in connoction wth the •xamlnotion which give8 me cause to beil¢ve that In. any materlal respaet: the accountlng record8 were not kept in 8ccord8nca with $ectlon 130 oftho Charltie8 Act,. or the account8 did not accord wSth tho accountlng record8. or the accounts dSd not comply with the appllcab18 regulrgm&nts concornlng th• form ond content of accounts Set out In the Charitle8 IAccounts and Report81 RegulatSon8 2008 otherthan any r•qulrement thet tho accounts glve a'tru8 and fair'view which 18 not a matter consldered aa pert of an Indepèndènt axamlnatlon. I hav8 no concerns and have Come MCfO8S no other matter3 In connectlon wlth the exemlnatlon to whl¢h attèntion should be drawn in th18 repon In ordor to enable a proper understandlng of the account8 to b? re*¢hod. 025 J8m98 TawnorACA ST ALDATES MINISTRY CIO ACCOUNTING POLICIES Charity Inf0M￿tIon StAldatea Ministry CIO is an In¢orpor8ted chority registeTed with th8 Charity Commls8lon for England and W41è8. Aecountin8 convontlon Th8 Bccounts have been prepared in accord0nc&with the Charity'8 8ovèming document, th Charttles A￿ 2011 Bnd°Accountlng and Reporting by Charities: Staternent of Racommended Practice 8ppli¢abl& to charitie8 preparingtheir accounts in oecord8nce with the FinBncial Reporting Standard appticable In the UK Ènd Rèpublic of Ireland IFRS 1021" las amended for accoLtntingperiod8 commenclngfrom 1 lanvary 20191. Thè Chority 18 a Publlc Benefft Entity¥8 defined by FRS 102. The Chority ha8 taken advantage ofth¢ pr¢+vi8lon8 In the SORPfor ch8rlt188 8pplylng FRS 102 Upd•to Bulletin 1 not to prepare a Ststemont of Co8h Flow8. The financial 8tatom$nts have dèpartad ftom the Charltlg8 IAccount8 and Reports) R•Eulotlon8 2008 only to the gxtent rèqulred to provlda o true and fairvlew. Thlg daporture has involvèd foliowingthÈ Staternant of Rècommended Practice torcharities epplylng FRS 102 rothgrthan the vèrslon ofthe Ststement of Rgcommgnded Pr8ctlce whlch 18 ref8rr8d to in the Rè8ul8tlons but which has since been withdrawn. The finenclal 8tatement$ are pr8pared In 8terling, whl¢h Is tha functlonal currgncy of the Charlty. Monotary amounts in th•$e finoncia18t8tement8 8re rounded to the neare3t £. The occount8 hav8 bèèn pr8p8r8d under the hi8torical cost convantlon. The prlnclpthl accountlng polScl88 adopted are 8et out below. Golng concorn Atthe tlme of approvlngthe flnanclal gtatgments, tho Tru8tèe8 havg a roasonable •xpectation thai the Charity has adequat• rasources to continue In operotlonal oxistence for the foresoo8bLe futur8. Thu8 the Trustees contlnu& to odopt the going conc¥rn bas18 of 8c¢ountlng in preparingthe flnmnclal 8totement8. ChBTltsbiofunds Unrèstrtrcted fvnd8 are av8ilablelor u80 at tha discretion olthèiiustags in furtherance of their charitable objtrctivos. In¢om• Incoma is recognl8ed when the Ch8rSty Is legallyentltled to It aft&r Bny perfoTmanc& eonditions have been mèt, thè Bmounts can be moosurgd rellably, and r( is probable that ineoma will be r8ceiv8d. Cash donation3 r¢¢ognl$ed on recelpt. Othar don8tions ora recogni8èd onco tho Chority ha¥ been notified ofthe donation. unless performance conditions raquire deferral ofthe ¥mount. ST ALDATES MINISTRY CIO Expenditure Expendlturè18 recognised oncethere 1$ a leg8Lor ¢onstructtve obllgation to tran8fgreconomSc bgnafitto a third party, it is probable that a transfer of economic benefits WILL be requiied in Sèttlement, and the amount of the obligation ¢8n b& mea8ured reliably. Expgnditure is clessified by activty. The c08t8 of each activityare m8d¥ up of the total of dirgct costs and sh8red costs, including SUPPOrt eosts involvad in undertakingeach actNty. Direct C08t8 attributable to a 8ingle activity 8ie ailo¢at¢d dlr$¢tlyto thgt 8Ctivity. Shared costs which contribute to more than one activity and support cost8 which are not attrlbutable to a 8ingle octlvlty ar8 opportionad bètwean tho88 activities on a basis con8i8tent with th8 U88 of re8ource8. All expenditure 1$ includgd on an eecru8ls ba818 and 18 recogn18ed Ythen tho1018 g lagal or constructive Ob￿gatIOn to do s(K Charitable actlvltl•$ Includ$ •xpondliur8 associBt&d with meeting it8 ch8ritable oblèctivo$. Th18 includ88 the c08t of grant making, 8nd direct prov181on of ¢harltsbl8 satvl¢g8. Governanc& co8t8 Includ8 those incuriea In th8 gowrnanea ofthe chBrity and Its 8SSgts and ar• primarily a880Ciatgd with constitution81 and 8tstutory requlrements. Flxed ossot Inv••tmont• Fixed a33et Invg$tments are inStlally m90sured Bttransaetion prSce oxcludingtran8a¢tlon coats and are sub$oqu$ntly m¢a$ur•d at falr value at aoch rèporting dBte. Ch8nge8 in fair value 8re r¢¢ognl8ed in not Incomolloxpandfturel for th9 ygaf. Tf8n8actlon c08ts are expensed a$ Incurred. C••h and calh •qulval•nt¥ Cash and ca8h ¥ulvalent$ In¢lvde ¢agh in hand. deposit8 hotd ot call with bank8, Other short- tgrm liquid inve8tmènt$ wlth original maturitiès of thrèè months or1888, Bnd bank ov8rdreft3. Bank overdrofts 8r8 shown wlthSn borrowlng8 in current Ilabllltle8. B88lc flnancSalass•ts Ba81c flnon¢loL assots. whSch include debtors and ca8h end b8nk bolance8, are Inltl8lly measured at tran88Ction price including tran8action ¢0*$ and orè Subsequently carried et amortls8d cost usingihe effectlv& interest mathod unl888 the arrangement constitutès B fln8nclngtransaction. wh8re thè transaction is maosurad 6t the present value of the futurg rèceipts discounted at a market rote of interest. Financial cL88silred 85 i&c8ivabl8Within one yeBr are not amort158d. •slc Ilnanclal(lab5Ut5es Basic flnanclal liabilitie8. including creditOT3 and bank loBnB Bre initlBLly recogn188d at transaction pilce unlèss the orrangament eonstitutes a financing transaction. where the debt instrument is measured 8t tho pre$entvaLuè of the ftrture payments discounted at o market rato of interest. Financial liabilities ci8ssified as payable wthin oney8ar ar8 nol amortised. Trade creditors are Ob￿8atIoI7s to payfor goods or s8Nicos thot have been 8cquired in the ordinary courseof oparoth)ns from suppliers. Amounts payable are cla85ified a8 Current li8biltti8s if payment is du8within one year or18ss. If not. they are presented &8 non-curr&nt ST ALDATES MINISTrY CIO Ilabl1￿188. Trade ¢redltor8 8r• recognlstsd inftlally Bttronsection price and 8ub8equently measured at amortised cost using the effectfve Interest method. Darecognitlon of flnanclal il•bliitie• Financial liabilrtie8 are derecogni88d when the Chailty'8 contra¢tualobligatlons expire or are dIBCha￿ed or cancglL8d. Crltlc814ccountlngo•tlm8t•• •nd lud8•m•nts In the applicatlon of th8 Charlty's Bccounting policias, thetru8tses are required to makè judgements, estimates and assumptions aboutthe CaTrylng amountof a889ts and Ilabl1￿leS that are not r8adily apparentlrom other sourc8s. The Ostimatos Mnd associated a88umptions are b&8ed on hi8torical experlence and othwf¥ctors that Bre eonsSdered to be relevant. A¢iual results may differfrom these e8tlmate8. The estlmates and underlying aBsumptlon8 aro rwiawgd on an ongoing ba818. Revi8ion8 to aecount5ng estlmot88 are racogni88d In the perlod In which th8 eBtlmete1g rev5Bad where the revi8ion affects onlythat perlod. or In the pèrlod of ihè ravision Bnd future period8 where the revi8ion affect8 both current and future periods. ST ALDATES MINISTRY CIO st•t•rn•nt of fin•n(••l Activikne5 for th• period ended 31 Dernmb•r 2024 Unrn¥lrld•d Funds Z023 Noto Inrom• Charitable Activities Investments Totol IrKom• 21XINOO 18.015 218AII3 187,905 7.766 195 071 p•ndltur• Charitable adv1￿•5 16601 N•t 8aln5l1lo￿•1) on Inv•Jtm•nts 4369 7,216 N•t In¢om• •nd mD¥•m•nt kn fvnth 219*11 204627 Tot*1 fvnds brou¥htforw8rd 20L627 fot4llund•uTrl•dforw4rd 42 201,627 ST ALDATES MINISTrY CIO St•t•m•nt of Hn•n(ial P05illon •5 at 31 D•(•Th￿r 2024 2024 2023 Note Fbt•d 4550ts Inv•stm•nts ,8so Curr•nt as￿1% Cash at bank and In h•nd A¢ru¢d Interest Totsl tyjrrentassets S82,525 169,191 1186 171J77 986.929 Cr•dltor•: •rnounts du• wllNn•rts•y••r N•t vJTh•nt ••••ts 386J29 170.777 T¢t*l l•Mcu*r•￿ Il*blllllM and N•¢ •u•ts 421A48 Unr•strkn•d Fund• Approv•d by th•Trust••s on..................2025 ind sl¢n•d on its b•h•Wby'. Qco S Coop•r. TruJt•• 10 ST ALDATES MIN15TrY CIO I Incom• Unr•¥trfd•d 2024 Unrnsty￿•d 202 CharlEabl• Incom• Donatton5 Transferred from 5t Aldates MinistryTnJst 200,L 187.305 187,305 200.OCiI Inv•stm•nt Incom• Income from listed inv•stmonts Intér•st 1.971 16,042 .0 1,452 7,766 T¢t•l Intom• 2WOIg 195.071 2 Exp•ndltur• Ch•rlt4bl• Artlvftlw. Unr•strkt•d nith•y••r•nd•d $1 D•omb•r 2 Support C