2025-04-05-accounts

Chelsea Gospel Trust

Report and Accounts Year ended 5th April 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CHELSEA GOSPEL TRUST

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 5TH APRIL 2025

INDEX

ADDRESS FOR CORRESPONDENCE 47 Ringford Road Wandsworth London SW18 1RP GOVERNING DOCUMENT Constitution dated 28th July 2023 CHARITY REGISTRATION NUMBER 1204146 TRUSTEES RESPONSIBLE FOR Nicholas James Springett Addyman (appointed July 2023) MANAGING THE CHARITY Rev Edward Lees-Millais (appointed July 2023) David Simon Mullins (appointed July 2023 Hilary Rendell (appointed Feb 2025) Catherine Brooks (appointed Feb 2025) INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7 Notes to the Accounts

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CHELSEA GOSPEL TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 5TH APRIL 2025

The Trustees have pleasure in submitting the Report and Accounts for the year ended 5th April 2025.

Objects of the charity

The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal object, as set out in its governing document, is to advance the Christian religion for all those within London and in particular, Chelsea and South West London, by supporting, through making of grants or otherwise:

1. Provision and maintenance of facilities for public worship;

2. Provision of appropriately trained people for the conduct of public worship and provision of pastoral care;

3. Outreach and evangelism;

4. Promotion of the awareness and understanding of the doctrine of Christian religion.

Summary of the charity's main activities and achievements

The charity advances the Christian faith by providing grants to support the activities as outlined above. In this year ending 5 April 2025, the CIO received its first donations, but was yet to provide any grants In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

During the year the charity received donations totalling £67,271 (2024: £nil), and did not provide any grants. Administrative expenditure was £1,673 (2024: £nil).

As a result cash at year-end was £65,598 (2024: £nil), of which £65,566 was unrestricted and can be used for any charitable purpose in accordance with the activities outlined in its governing document.

Reserves policy

In setting up the charity, the trustees have considered an appropriate reserves policy. At present the trustees note that as a grant making charity, most of the charity's expenditure is discretionary, and at year-end, grant making had not started. It is therefore difficult to estimate an average monthly expenditure and set a suitable reserves policy. The trustees note that the holding of £65,598 at 5 April 2025 is sufficient for the charity to continue to operate should income and / or expenditure vary adversely over the next 12-18 months. Trustees will monitor the first full year of grant making and revisit this policy at the next year-end, with a view to allocating a specified level of unrestricted reserves in a formal policy.

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Governance

New trustees are recruited and appointed by the existing trustees, by a majority vote. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the CIO.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Hilary rendell

_________ Hilary rendell (Jan 22, 2026 11:03:13 GMT) Hilary Rendell

Jan 22, 2026 Date:_____

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHELSEA GOSPEL TRUST

I report to the trustees on my examination of the accounts of Chelsea Gospel Trust ('the charity') for the year ended 5th April 2025 on pages 5 to 7 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’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 2011 Act.

Independent examiner’s statement

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 accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin

Sarah Crispin (Jan 26, 2026 10:49:38 GMT)

Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Jan 26, 2026

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CHELSEA GOSPEL TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 5TH APRIL 2025

Notes Income receipts Donations Total receipts Payments 2 Total payments Net movement in funds 3 Cash funds as at last year end Cash funds at this year end A Payments in relation to charitable activities undertaken directly	General Designated Funds Funds £ £ 62,621 3,000 62,621 3,000 55 - 55 - 62,566 3,000 - - 62,566 3,000 Unrestricted Funds	Restricted Funds £ 1,650 1,650 1,618 1,618 32 - 32	2025 £
			67,271
			67,271
			1,673
			1,673
			65,598 -
			65,598

The notes on pages 7 form part of these accounts.

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CHELSEA GOSPEL TRUST

STATEMENT OF ASSETS AND LIABILITIES

AS AT THE YEAR ENDED 5TH APRIL 2025

Notes A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity	General Designated funds funds £ £ 62,566 3,000 62,566 3,000 11,862 750 11,862 750 Unrestricted Funds	Restricted funds £ 32 32 413 413	2025 £
			65,598
			65,598
			13,024
			13,024

C Liabilities Falling due within one year Fee for Independent Examination Accrued expenses Total	780 1,200 1,980	- - -	- - -	780 1,200
				1,980

D Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf by:

Hilary rendell _____Hilary Rendell Hilary rendell (Jan 22, 2026 11:03:13 GMT)

Date:_____ Jan 22, 2026

The notes on pages 7 form part of these accounts.

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CHELSEA GOSPEL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5TH APRIL 2025

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2 Payments in relation to charitable activities underta Legal and professional fees Bank Charges 3 Movement of funds General funds Designated funds Donations to other churches Restricted funds Legal Fees fund Total funds	ken directly Opening balance £ - - - - - -		Unrestrict	Designated funds £ - - - Payments £ (55) - - (1,618) (1,618) (1,673) ed Funds	Restricted Funds £ 1,618 - 1,618 Transfers £ - - - - - -	2025 £
						1,618 55
						1,673
						Closing balance £ 62,566 3,000
						3,000
						32
						32
						65,598

The legal fees fund was set up after a donation was received to help the chairty pay legal fees incurred in setting up the CIO. The remaining balance was used after year end. The designated fund for 'donations to other churches' was used to set aside general funds to donate to a local church to assist with roof repairs. The balance on this fund was used after year-end.

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