Trustees’ Annual Report for the period
From 16/10/2023 Period start date To 31/12/2024 Period end date
Charity name: South Devon Gospel Trust
Charity registration number: 1205221
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | (i) The advancement of the Christian faith in accordance with the Basis of Faith, primarily, but not exclusively, within South Devon and the surrounding neighbourhood; and (ii) other charitable purposes for the public benefit, such as providing relief of need in hardship and sickness, and the provision of facilities in the interests of social welfare. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
SDGT has set up Christ Church South Devon in order to advance the Christian faith in South Devon. The church meets weekly for worship on Sundays, as well as running small group Bible studies, a youth group, and various one-off events in which members of the local community can find out about the Christian faith. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees are fully aware of the CIO’s role in providing public benefit through our charitable work. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | As noted above, SDGT has successfully set up Christ Church South Devon, for the advancement of the Christian faith in South Devon. The church operates weekly worship and bi-weekly Bible study groups for adults and for young people, in order that adherents to the Christian faith are enabled to investigate, practice and deepen their faith. Members of the church have become a close support network for the relief of need in hardship and sickness of various types, including long-term illness, cancer and job loss. The church has begun to organise one-off events for the benefit of the local public, especially including giving them opportunities to explore the Christian faith for themselves. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | |||
|---|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the period we are in a favourable financial position, with net liquid assets of £21995 |
|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity currently has no investment policy, preferring to hold its reserves in an accessible current account. As a charity we are committed to ensuring our reserves are at a level to cover our regular outgoings for at least three months. |
|
| Amount of reserves held | Para 1.22 | £21995 | |
| Reasons for holding zero reserves |
Para 1.22 | N/A | |
| Details of fund materially in deficit |
Para 1.24 | N/A | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity is wholly supported by donations from members of Christ Church South Devon. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
Charitable Incorporated Organisation Constitution |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charitable Incorporated Organisation (Foundation Model) |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | New trustees are elected by a properly convened meeting of charity trustees. Trustees are selected from members of Christ Church South Devon, and one external trustee from another church whose charitable objectives are in alignment with those of SDGT. The key criterion specified in the Constitution is that prospective trustees must subscribe and adhere to (in belief and lifestyle) the Basis of Faith (Appendix 1). |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | SDGT is overseen by a board of trustees, the chair of whom is employed by the charity as the Minister of Christ Church South Devon. The church is connected to the national network, the Anglican Mission in England (and, through them, to the Europe- wide network, the Anglican Network in Europe, and more widely to the global Anglican Communion). |
| Relationship with any related parties |
Para 1.51 | Christ Church South Devon is a member- church of the Anglican Mission in England, whose bishops provide support and oversight to the Minister. |
| Other |
Reference and Administrative details
| Charity name | South Devon Gospel Trust |
|---|---|
| Other name the charity uses | Christ Church South Devon |
| Registered charity number | 1205221 |
| Charity’s principal address | 74 Goosewell Road Plymouth PL9 9HP |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Rev. Thomas Brassil |
Chair | |||
| Dr. Clive Irving | Treasurer | |||
| Mrs. Susan Irving | ||||
| Mr. Samuel Holland |
||||
| Dr. Catherine Holland |
Secretary of Trustees |
|||
| Corporate trustees–names of the directors at the date the report was approved | Corporate trustees–names of the directors at the date the report was approved | Corporate trustees–names of the directors at the date the report was approved |
|---|---|---|
| Director name | ||
| Name of trustees holding title to property belonging to the charity | ||
| Trustee name | Dates acted if not for whole year | |
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Rev. Thomas James Brassil Position (eg Secretary, Chair Chair, etc) Date 06/08/2025
South Devon Gospel Trust
CHARITY NO. 1205221
UNAUDITED FINANCIAL STATEMENTS
TO
31 DECEMBER 2024
CONTENTS
----- Start of picture text -----
|||
|---|---|
|Page (s)|
|Statement of financial activities|1|
|Balance sheet|2|
|Notes to the financial statements|3 - 4|
|Treasurer's statement|5|
|Independent examiner's report|5|
----- End of picture text -----
1
South Devon Gospel Trust
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Funds General Note £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 59,542 |
Unrestricted Funds General Note £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 59,542 |
Restricted Funds £ 0 |
TOTAL 2024 £ 59,542 |
TOTAL 2023 £ 10,858 |
|---|---|---|---|---|
| Activities that generate funds Grants 2023 independent examiner fee not invoiced Investment income |
0 1,000 200 5 |
0 0 0 0 |
0 1,000 200 5 |
0 0 0 |
| Incoming resources from charitable activity Other incoming resources Total incoming resources RESOURCES EXPENDED Costs of generating funds |
60,748 59 60,807 0 |
0 0 0 0 |
60,748 59 60,807 0 |
10,858 0 10,858 0 |
| Church activities Charitable activities Governance costs |
45,261 3,000 0 |
0 0 0 |
45,261 3,000 0 |
1248.13 0 200 |
| Total resources expended Net incoming/(outgoing) resources before transfers Gross transfers between funds 6 & 7 Net movement in funds Total funds b/fwd 1 January 2024 Total funds c/fwd 31 December 2024 |
48,261 12,546 0 12,546 9,409 21,955 |
0 0 0 0 0 0 |
48,261 12,546 0 12,546 9,409 21,955 |
1,448 9,409 0 9,409 0 9,409 |
The notes on pages 3 to 4 form part of these financial statements
2
South Devon Gospel Trust
BALANCE SHEET AS AT 31 DECEMBER 2024
| Unrestricted Funds General Note £ FIXED ASSETS |
Unrestricted Funds General Note £ FIXED ASSETS |
Restricted Funds £ |
TOTAL 2024 £ |
TOTAL 2023 £ |
|---|---|---|---|---|
| Tangible assets 2 |
0 0 |
0 0 |
0 0 |
0 0 |
| CURRENT ASSETS | ||||
| Debtors 3 Bank and cash balances |
1,130 25,314 |
0 0 |
1,130 25,314 |
2,688 6,955 |
| 26,444 CURRENT LIABILITIES Creditors payable within one year 4 4,489 NET CURRENT ASSETS 21,955 TOTAL ASSETS LESS CURRENT LIABILITIES Creditors payable after one year 5 0 TOTAL NET ASSETS / (LIABILITIES) 21,955 THE FUNDS OF THE CHURCH Unrestricted income funds: General Designated 6 Total Restricted income funds: 7 Approved by the Trustees' Meeting held on __ and signed on its behalf by Rev T Brassil (Chairman) ______ |
0 26,444 0 4,489 0 21,955 0 0 0 21,955 21,955 0 21,955 0 21,955 __ (date). _____ (signature). |
9,642 233 9,409 0 9,409 9,409 0 9,409 0 9,409 |
The notes on pages 3 to 4 form part of these financial statements
3
South Devon Gospel Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
1a Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value.
The financial statements have been prepared in accordance with the financial reporting standard for smaller entities (effective January 2015), and the requirements of accounting and reporting by charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the financial reporting standard for smaller entities (effective January 2015) (SORP 2015).
The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently.
1b Fund Accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant.
1c Tangible Fixed Assets
Depreciation is provided at the following annual rates calculated to write off assets over Their estimated useful lives:
Fixtures & fittings 15% reducing balance IT equipment 20% straight line
- 1d Incoming Resources
All voluntary giving is included in the financial statements for the period in which it is received.
Donations under gift aid plus the associated tax recovery are recognised as income when the donation is received.
Legacies are accounted for when their receipt is certain and can be properly quantified. All other income is generally recognised when it is receivable.
1e Resources Expended
Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate.
Governance costs represent direct expenditure on the governance of the church, including the production and independent scrutiny of these financial statements.
As most of the management and activity of the church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.
1f Taxation
The church is an excepted charity within the meaning of the taxes acts.
Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.
4
South Devon Gospel Trust
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
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2 TANGIBLE FIXED ASSETS Fixtures IT TOTAL TOTAL
& Fittings Equipment 2024 2023
£ £ £ £
Brought forward 1 January 2022 0 0 0 0
Additions in year 0 0 0 0
Depreciation for year 0 0 0 0
Carried forward 31 December 2022 0 0 0 0
General Restricted TOTAL TOTAL
Fund Funds 2024 2023
£ £ £ £
3 DEBTORS
Gift aid tax recoverable 0 0 0 2,172
Other debtors and prepayments 1,130 0 1,130 516
1,130 0 1,130 2,688
4 CURRENT LIABILITIES
Creditors payable within one year:
HMRC PAYE & NI deductions 2,331 0 2,331 0
Unspent mission budget 2,000 0 2,000 0
Sundry creditors and accruals 158 0 158 233
4,489 0 4,489 233
5 DEFERRED LIABILITIES
Creditors payable after more than one year: 0 0 0 0
0 0 0 0
----- End of picture text -----
6 DESIGNATED FUNDS
N/A
7 RESTRICTED FUNDS
The Sherford Mutual Aid group is an organisation of individuals within the town of Sherford who seek to provide provided food to residents in financial difficulty.
The trustees of Sheford Community Church have agreed that the church bank account can be used to hold the funds and to pay invoices (up to the group's balance) pertaining to the group's activity.
----- Start of picture text -----
PAYMENTS TO TRUSTEES AND THEIR SPOUSES £
Rev Tom Brassil Salary (net of statutory deductions) 27,052
Rev Tom Brassil Training & Expenses 878
Dr Clive Irving Expenses (licenses, Zoom subscription, Equipment & consumables) 695
Mr Sam Holland Bookstall expenses 192
----- End of picture text -----
8 PAYMENTS TO TRUSTEES AND THEIR SPOUSES
5
South Devon Gospel Trust
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
TREASURER'S STATEMENT
I have prepared the financial statements on pages 1 to 4 for the year ended 31 December 2024.
Signed by the Treasurer ____
Dr C R Irving
Dated _________
INDEPENDENT EXAMINER'S REPORT
I report on the unaudited financial statements of South Devon Gospel Trust for the year ended 31 December 2024, which are set out on pages 1 to 4.
Respective responsibilities
The charity is responsible for the preparation of the financial statements, and considers that the audit requirement of section 144(2) of the charities act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the general directions given by the charity commissioners under Section 145 (5)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures 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 fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with s.130 of the 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act,
have not been met: or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed by the independent examiner: _______
Mr L J Hardacre
Dated _________
Name and address of the independent examiner:
Mr L J Hardacre, Precise Accountants Ltd, Soldiers Quarters 3, Crownhill Fort, Crownhill, Plymouth, PL6 5BX
6
South Devon Gospel Trust
APPENDIX 1 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||
|---|---|---|---|---|
| VOLUNTARY INCOME | £ £ Unrestricted Funds Restricted General Funds |
£ TOTAL 2024 |
TOTAL 2023 £ |
|
| Bank donations by S/O and direct credit Cash Income tax refunds under gift aid |
47,777 0 11,766 |
0 0 0 |
47,777 0 11,766 |
8,686 0 2,172 |
| 59,542 INVESTMENT INCOME Interest 5 5 INCOMING RESOURCES FROM CHARITABLE ACTIVITY |
0 0 0 |
59,542 5 5 |
10,858 0 0 |
|
| Bookstall & Literature income Tea & coffee contributions |
59 0 59 |
0 0 0 |
59 0 59 |
59 0 59 |
| OTHER INCOMING RESOURCES 2023 Independent Examiner fee not invoiced |
200 | 0 | 200 | |
| Grants | 1,000 1,200 |
0 0 |
1,000 1,200 |
0 0 |
7
South Devon Gospel Trust
APPENDIX 2 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
----- Start of picture text -----
Unrestricted
Funds Restricted TOTAL TOTAL
General Funds 2024 2023
£ £ £ £
COSTS OF GENERATING FUNDS
Cost of fund raising 0 0 0 0
0 0 0 0
COSTS OF CHURCH ACTIVITIES
Church costs:
Tea/coffee/refreshments expenses 76 0 76 0
CCLI licence 130 0 130 0
Insurance 516 0 516 0
Gifts 30 0 30 0
Toddler group 0 0 0 0
Children's groups 119 0 119 0
Events 33 0 33 0
Setup legal fees 0 0 0 1,215
Anglican Mission in England affiliation 1,600 0 1,600 0
Safeguarding 1,064 0 1,064 0
Advertising 42 0 42 0
Vistiting speaker expenses 140 0 140 0
Other service costs 352 0 352 0
Other administration costs 323 0 323 33
Buildings costs 1,200 0 1,200 33
5,625 0 5,625 1,281
Teaching costs:
Bookstall expenses 328 0 328 0
328 0 328 0
Minister:
Gross salary 34,866 0 34,866 34,866
Pension contribution 3,487 0 3,487 3,487
Life Insurance 77 0 77 77
Expenses 186 0 186 186
Discretionary costs 0 0 0 0
Telephone 206 0 206 206
Training 486 0 486 486
39,308 0 39,308 39,308
Fixtures & Fittings and IT equipment
Depreciation of fixtures & fittings and IT equipment 0 0 0 0
0 0 0 0
TOTAL COSTS OF CHURCH ACTIVITIES 45,261 0 45,261 0
CHARITABLE ACTIVITIES
Mission giving 3,000 0 3,000 0
3,000 0 3,000 0
GOVERNANCE COSTS
Independent examiner 0 0 0 200
0 0 0 200
----- End of picture text -----
South Devon Gospel Trust
CHARITY NO. 1205221
UNAUDITED FINANCIAL STATEMENTS
TO
31 DECEMBER 2024
CONTENTS
----- Start of picture text -----
|||
|---|---|
|Page (s)|
|Statement of financial activities|1|
|Balance sheet|2|
|Notes to the financial statements|3 - 4|
|Treasurer's statement|5|
|Independent examiner's report|5|
----- End of picture text -----
1
South Devon Gospel Trust
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Funds General Note £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 59,542 |
Unrestricted Funds General Note £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 59,542 |
Restricted Funds £ 0 |
TOTAL 2024 £ 59,542 |
TOTAL 2023 £ 10,858 |
|---|---|---|---|---|
| Activities that generate funds Grants 2023 independent examiner fee not invoiced Investment income |
0 1,000 200 5 |
0 0 0 0 |
0 1,000 200 5 |
0 0 0 |
| Incoming resources from charitable activity Other incoming resources Total incoming resources RESOURCES EXPENDED Costs of generating funds |
60,748 59 60,807 0 |
0 0 0 0 |
60,748 59 60,807 0 |
10,858 0 10,858 0 |
| Church activities Charitable activities Governance costs |
45,261 3,000 0 |
0 0 0 |
45,261 3,000 0 |
1248.13 0 200 |
| Total resources expended Net incoming/(outgoing) resources before transfers Gross transfers between funds 6 & 7 Net movement in funds Total funds b/fwd 1 January 2024 Total funds c/fwd 31 December 2024 |
48,261 12,546 0 12,546 9,409 21,955 |
0 0 0 0 0 0 |
48,261 12,546 0 12,546 9,409 21,955 |
1,448 9,409 0 9,409 0 9,409 |
The notes on pages 3 to 4 form part of these financial statements
2
South Devon Gospel Trust
BALANCE SHEET AS AT 31 DECEMBER 2024
| Unrestricted Funds General Note £ FIXED ASSETS |
Unrestricted Funds General Note £ FIXED ASSETS |
Restricted Funds £ |
TOTAL 2024 £ |
TOTAL 2023 £ |
|---|---|---|---|---|
| Tangible assets 2 |
0 0 |
0 0 |
0 0 |
0 0 |
| CURRENT ASSETS | ||||
| Debtors 3 Bank and cash balances |
1,130 25,314 |
0 0 |
1,130 25,314 |
2,688 6,955 |
| 26,444 CURRENT LIABILITIES Creditors payable within one year 4 4,489 NET CURRENT ASSETS 21,955 TOTAL ASSETS LESS CURRENT LIABILITIES Creditors payable after one year 5 0 TOTAL NET ASSETS / (LIABILITIES) 21,955 THE FUNDS OF THE CHURCH Unrestricted income funds: General Designated 6 Total Restricted income funds: 7 Approved by the Trustees' Meeting held on __ and signed on its behalf by Rev T Brassil (Chairman) ______ |
0 26,444 0 4,489 0 21,955 0 0 0 21,955 21,955 0 21,955 0 21,955 __ (date). _____ (signature). |
9,642 233 9,409 0 9,409 9,409 0 9,409 0 9,409 |
The notes on pages 3 to 4 form part of these financial statements
3
South Devon Gospel Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
1a Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value.
The financial statements have been prepared in accordance with the financial reporting standard for smaller entities (effective January 2015), and the requirements of accounting and reporting by charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the financial reporting standard for smaller entities (effective January 2015) (SORP 2015).
The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently.
1b Fund Accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant.
1c Tangible Fixed Assets
Depreciation is provided at the following annual rates calculated to write off assets over Their estimated useful lives:
Fixtures & fittings 15% reducing balance IT equipment 20% straight line
- 1d Incoming Resources
All voluntary giving is included in the financial statements for the period in which it is received.
Donations under gift aid plus the associated tax recovery are recognised as income when the donation is received.
Legacies are accounted for when their receipt is certain and can be properly quantified. All other income is generally recognised when it is receivable.
1e Resources Expended
Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate.
Governance costs represent direct expenditure on the governance of the church, including the production and independent scrutiny of these financial statements.
As most of the management and activity of the church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.
1f Taxation
The church is an excepted charity within the meaning of the taxes acts.
Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.
4
South Devon Gospel Trust
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
----- Start of picture text -----
2 TANGIBLE FIXED ASSETS Fixtures IT TOTAL TOTAL
& Fittings Equipment 2024 2023
£ £ £ £
Brought forward 1 January 2022 0 0 0 0
Additions in year 0 0 0 0
Depreciation for year 0 0 0 0
Carried forward 31 December 2022 0 0 0 0
General Restricted TOTAL TOTAL
Fund Funds 2024 2023
£ £ £ £
3 DEBTORS
Gift aid tax recoverable 0 0 0 2,172
Other debtors and prepayments 1,130 0 1,130 516
1,130 0 1,130 2,688
4 CURRENT LIABILITIES
Creditors payable within one year:
HMRC PAYE & NI deductions 2,331 0 2,331 0
Unspent mission budget 2,000 0 2,000 0
Sundry creditors and accruals 158 0 158 233
4,489 0 4,489 233
5 DEFERRED LIABILITIES
Creditors payable after more than one year: 0 0 0 0
0 0 0 0
----- End of picture text -----
6 DESIGNATED FUNDS
N/A
7 RESTRICTED FUNDS
The Sherford Mutual Aid group is an organisation of individuals within the town of Sherford who seek to provide provided food to residents in financial difficulty.
The trustees of Sheford Community Church have agreed that the church bank account can be used to hold the funds and to pay invoices (up to the group's balance) pertaining to the group's activity.
----- Start of picture text -----
PAYMENTS TO TRUSTEES AND THEIR SPOUSES £
Rev Tom Brassil Salary (net of statutory deductions) 27,052
Rev Tom Brassil Training & Expenses 878
Dr Clive Irving Expenses (licenses, Zoom subscription, Equipment & consumables) 695
Mr Sam Holland Bookstall expenses 192
----- End of picture text -----
8 PAYMENTS TO TRUSTEES AND THEIR SPOUSES
5
South Devon Gospel Trust
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
TREASURER'S STATEMENT
I have prepared the financial statements on pages 1 to 4 for the year ended 31 December 2024.
Signed by the Treasurer ____
Dr C R Irving
Dated _________
INDEPENDENT EXAMINER'S REPORT
I report on the unaudited financial statements of South Devon Gospel Trust for the year ended 31 December 2024, which are set out on pages 1 to 4.
Respective responsibilities
The charity is responsible for the preparation of the financial statements, and considers that the audit requirement of section 144(2) of the charities act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the general directions given by the charity commissioners under Section 145 (5)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures 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 fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with s.130 of the 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act,
have not been met: or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed by the independent examiner: _______
Mr L J Hardacre
Dated _________
Name and address of the independent examiner:
Mr L J Hardacre, Precise Accountants Ltd, Soldiers Quarters 3, Crownhill Fort, Crownhill, Plymouth, PL6 5BX
6
South Devon Gospel Trust
APPENDIX 1 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||
|---|---|---|---|---|
| VOLUNTARY INCOME | £ £ Unrestricted Funds Restricted General Funds |
£ TOTAL 2024 |
TOTAL 2023 £ |
|
| Bank donations by S/O and direct credit Cash Income tax refunds under gift aid |
47,777 0 11,766 |
0 0 0 |
47,777 0 11,766 |
8,686 0 2,172 |
| 59,542 INVESTMENT INCOME Interest 5 5 INCOMING RESOURCES FROM CHARITABLE ACTIVITY |
0 0 0 |
59,542 5 5 |
10,858 0 0 |
|
| Bookstall & Literature income Tea & coffee contributions |
59 0 59 |
0 0 0 |
59 0 59 |
59 0 59 |
| OTHER INCOMING RESOURCES 2023 Independent Examiner fee not invoiced |
200 | 0 | 200 | |
| Grants | 1,000 1,200 |
0 0 |
1,000 1,200 |
0 0 |
7
South Devon Gospel Trust
APPENDIX 2 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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Unrestricted
Funds Restricted TOTAL TOTAL
General Funds 2024 2023
£ £ £ £
COSTS OF GENERATING FUNDS
Cost of fund raising 0 0 0 0
0 0 0 0
COSTS OF CHURCH ACTIVITIES
Church costs:
Tea/coffee/refreshments expenses 76 0 76 0
CCLI licence 130 0 130 0
Insurance 516 0 516 0
Gifts 30 0 30 0
Toddler group 0 0 0 0
Children's groups 119 0 119 0
Events 33 0 33 0
Setup legal fees 0 0 0 1,215
Anglican Mission in England affiliation 1,600 0 1,600 0
Safeguarding 1,064 0 1,064 0
Advertising 42 0 42 0
Vistiting speaker expenses 140 0 140 0
Other service costs 352 0 352 0
Other administration costs 323 0 323 33
Buildings costs 1,200 0 1,200 33
5,625 0 5,625 1,281
Teaching costs:
Bookstall expenses 328 0 328 0
328 0 328 0
Minister:
Gross salary 34,866 0 34,866 34,866
Pension contribution 3,487 0 3,487 3,487
Life Insurance 77 0 77 77
Expenses 186 0 186 186
Discretionary costs 0 0 0 0
Telephone 206 0 206 206
Training 486 0 486 486
39,308 0 39,308 39,308
Fixtures & Fittings and IT equipment
Depreciation of fixtures & fittings and IT equipment 0 0 0 0
0 0 0 0
TOTAL COSTS OF CHURCH ACTIVITIES 45,261 0 45,261 0
CHARITABLE ACTIVITIES
Mission giving 3,000 0 3,000 0
3,000 0 3,000 0
GOVERNANCE COSTS
Independent examiner 0 0 0 200
0 0 0 200
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