## 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|||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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|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**
**----- 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:
1. 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
2. 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**
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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
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## 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.
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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
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## 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:
1. 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
2. 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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