## **Trustees’ Annual Report for the period** **From 01/01/2025 Period start date To** **31/12/2025 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 continued 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: |
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 £23599**|| |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|**£23599**|| |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|**Charitable Incorporated Organisation**
**(Foundation Model)**| |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|**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).**| |**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|**All trustees are appointed subject to a**
**safer recruitment procedure including**
**enhanced DBS check and references.**| |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||| ||Mrs. Catherine
Mezzetti|AMiE external
trustee|23/11/2025-31/12/2025|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – 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** 07/08/2026 ## South Devon Gospel Trust ## **CHARITY NO. 1205221** ## **UNAUDITED FINANCIAL STATEMENTS** ## **TO** ## **31 DECEMBER 2025** |CONTENTS|| |---|---| ||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| |Appendices|6 - 7| **1** ## **South Devon Gospel Trust** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025** |**Unrestricted**
**Funds**
**General**
**Note**
**£**
**INCOMING RESOURCES**
Incoming resources from generated funds:
Voluntary income
60,918|**Unrestricted**
**Funds**
**General**
**Note**
**£**
**INCOMING RESOURCES**
Incoming resources from generated funds:
Voluntary income
60,918|**Restricted**
**Funds**
**£**
0|**TOTAL**
**2025**
**£**
60,918|**TOTAL**
**2024**
**£**
59542| |---|---|---|---|---| |Activities that generate funds
Grants
2023 independent examiner fee not invoiced
Investment income|0
0
0
0|0
0
0
0|0
0
0
0|0
1000
200
5| ||60,918|0|60,918|60747| |||||| |Incoming resources from charitable activity
**Total incoming resources**
**RESOURCES EXPENDED**
Costs of generating funds|205
61,123
0|0
0
0|205
61,123
0|59| |||||60,806| |||||0| |Church activities
Charitable activities
Governance costs|54,924
4,554
0|0
0
0|54,924
4,554
0|45261
3000
0| |**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 2025**
**Total funds c/fwd 31 December 2025**|59,478
1,645
0
1,645
21,954
**23,599**|0
0
0
0
0
**0**|59,478
1,645
0
1,645
21,954
**23,599**|48,261| |||||| |||||12,545
0| |||||12,545
9409| |||||**21,954**| **The notes on pages 3 to 4 form part of these financial statements** **2** ## **South Devon Gospel Trust** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |**BALANCE SHEET**
**AS AT 31 DECEMBER 2025**|**BALANCE SHEET**
**AS AT 31 DECEMBER 2025**|||| |---|---|---|---|---| |**Unrestricted**
**Funds**
**General**
**Note**
**£**
**FIXED ASSETS**||**Restricted**
**Funds**
**£**|**TOTAL**
**2025**
**£**|**TOTAL**
**2024**
**£**| |Tangible assets
2|0
**0**|0
**0**|0
**0**|0| |||||**0**| |**CURRENT ASSETS**||||| |Debtors
3
Bank and cash balances|916
25,896|0
0|916
25,896|1,129
25,314| |**26,812**
**CURRENT LIABILITIES**
Creditors payable within one year
4
3,213
**NET CURRENT ASSETS**
**23,599**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors payable after one year
5
0
**TOTAL NET ASSETS / (LIABILITIES)**
**23,599**
**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**
**26,812**
0
3,213
**0**
**23,599**
0
0
**0**
**23,599**
23,599
0
23,599
0
**23,599**
__ (date).
____________(signature).||**26,443**
4,489| |||||**21,954**| |||||0| |||||**21,954**| |||||21,954
0| |||||21,954
0| |||||**21,954**| |||||| **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 2025** ## 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 2025** |2 **TANGIBLE FIXED ASSETS**|**Fixtures**
**& Fittings**
**£**|**IT**
**Equipment**
**£**|**TOTAL**
**2025**
**£**|**TOTAL**
**2024**
**£**| |---|---|---|---|---| |Brought forward 1 January 2025|0
0
0|0
0
0|0|0| |Additions in year
Depreciation for year|||0
0|0
0| |Carried forward 31 December 2025|**0**|**0**|**0**|**0**| |||||| ||**General**|**Restricted**|**TOTAL**|**TOTAL**| |3 **DEBTORS**
Gift aid tax recoverable
Other debtors and prepayments
4 **CURRENT LIABILITIES**
Creditors payable within one year:
HMRC PAYE & NI deductions
Unspent mission budget
Sundry creditors and accruals
5 **DEFERRED LIABILITIES**
Creditors payable after more than one year:
6 **DESIGNATED FUNDS**
N/A
7 **RESTRICTED FUNDS**
N/A|**Fund**
**£**|**Funds**
**£**|**2025**
**£**|**2024**
**£**| ||0
916
**916**|0
0|0|0| ||||916|1,129| |||**0**|**916**|**1,129**| ||2,377
640|0
0|2,377
640|2,331
2,000| ||196
**3,213**|0|196|158| |||**0**|**3,213**|**158**| ||0
**0**|0
**0**|0
**0**|0| |||||**0**| |||||| ## 8 **PAYMENTS TO TRUSTEES AND THEIR SPOUSES** **£** Rev Tom Brassil Salary (net of statutory deductions) 32687 Rev Tom Brassil Training & Expenses (including church admin 2074 expenses) **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 2025. 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 2025, 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 R Bishop Dated ___________________________ Name and address of the independent examiner: **6** ## **South Devon Gospel Trust** ## **APPENDIX 1 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** |**FOR THE YEAR ENDED 31 DECEMBER 2025**||||| |---|---|---|---|---| |**VOLUNTARY INCOME**|**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**||**£**
**TOTAL**
**2025**|**TOTAL**
**2024**
**£**| |Bank donations by S/O and direct credit
Cash
Income tax refunds under gift aid|48,774
0
12,144|0
0
0|48,774
0
12,144|47,777
0
11,766| |**60,918**
**INVESTMENT INCOME**
Interest
0
**0**
**INCOMING RESOURCES FROM CHARITABLE ACTIVITY**||**0**
0
**0**|**60,918**
0
**0**|**59,542**| |||||5| |||||**5**| |||||| |Bookstall & Literature income
Events
Tea & coffee contributions|20
185
0
**205**|0
0
0
**0**|20
185
0
**205**|59
0
0| |||||**59**| |**OTHER INCOMING RESOURCES**
2023 Independent Examiner fee not invoiced|0|0|0|200| |Grants|0|0|0|1,000| ||**0**|**0**|**0**|**1,200**| |||||| **7** ## **South Devon Gospel Trust** ## **APPENDIX 2 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** |**COSTS OF GENERATING FUNDS**
Cost of fund raising
**COSTS OF CHURCH ACTIVITIES**
**Church costs:**
Tea/coffee/refreshments expenses
CCLI licence
Insurance
Gifts
Toddler group
Children's groups
Youth Group
Events
Setup legal fees|0
0
**0**
**0**
43
0
160
0
489
0
0
0
12
0
45
0
22
0
333
0
0
0
**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**|0
0
**0**
**0**
43
0
160
0
489
0
0
0
12
0
45
0
22
0
333
0
0
0
**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**|0
**0**
43
160
489
0
12
45
22
333
0
**£**
**TOTAL**
**2025**|**TOTAL**
**2024**
**£**
0| |---|---|---|---|---| |||||**0**| |||||76
130
516
30
0
119
0
33
0| |Anglican Mission in England affiliation|1,707|0|1,707|1,600| |Safeguarding
Advertising
Vistiting speaker expenses
Other service costs
Other administration costs|197
125
0
182
475|0
0
0
0
0|197
125
0
182
475|1,064
42
140
352
323| |Pomphlett Building Initial Costs|878|0|878|0| |Buildings costs
**Teaching costs:**
Bookstall expenses
**Minister:**|2,280
**6,948**
426
**426**|0
**0**
0
**0**|2,280
**6,947**
426
**426**|1,200| |||||**5,625**
328| |||||**328**| |Gross salary|42,250|0|42,250|34,866| |Pension contribution
Life Insurance
Expenses
Discretionary costs
Telephone
Training
**Fixtures & Fittings and IT equipment**
Depreciation of fixtures & fittings and IT equipment
**TOTAL COSTS OF CHURCH ACTIVITIES**|4,225
132
278
0
248
417
**47,550**
0
**0**
**54,924**|0
0
0
0
0
0
**0**
0
**0**
**0**|4,225
132
278
0
248
417
**47,550**
0
**0**
**54,923**|3,487
77
186
0
206
486| |||||**39,308**
0| |||||**0**| |||||**45,261**| |||||| |**CHARITABLE ACTIVITIES**||||| |Mission giving|4,554
**4,554**|0
**0**|4,554
**4,554**|3,000| |||||**3,000**| |||||| |**GOVERNANCE COSTS**||||| |Independent examiner|0
**0**|0
**0**|0
**0**|0| |||||**0**| |||||| ## South Devon Gospel Trust ## **CHARITY NO. 1205221** ## **UNAUDITED FINANCIAL STATEMENTS** ## **TO** ## **31 DECEMBER 2025** |CONTENTS|| |---|---| ||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| |Appendices|6 - 7| **1** ## **South Devon Gospel Trust** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025** |**Unrestricted**
**Funds**
**General**
**Note**
**£**
**INCOMING RESOURCES**
Incoming resources from generated funds:
Voluntary income
60,918|**Unrestricted**
**Funds**
**General**
**Note**
**£**
**INCOMING RESOURCES**
Incoming resources from generated funds:
Voluntary income
60,918|**Restricted**
**Funds**
**£**
0|**TOTAL**
**2025**
**£**
60,918|**TOTAL**
**2024**
**£**
59542| |---|---|---|---|---| |Activities that generate funds
Grants
2023 independent examiner fee not invoiced
Investment income|0
0
0
0|0
0
0
0|0
0
0
0|0
1000
200
5| ||60,918|0|60,918|60747| |||||| |Incoming resources from charitable activity
**Total incoming resources**
**RESOURCES EXPENDED**
Costs of generating funds|205
61,123
0|0
0
0|205
61,123
0|59| |||||60,806| |||||0| |Church activities
Charitable activities
Governance costs|54,924
4,554
0|0
0
0|54,924
4,554
0|45261
3000
0| |**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 2025**
**Total funds c/fwd 31 December 2025**|59,478
1,645
0
1,645
21,954
**23,599**|0
0
0
0
0
**0**|59,478
1,645
0
1,645
21,954
**23,599**|48,261| |||||| |||||12,545
0| |||||12,545
9409| |||||**21,954**| **The notes on pages 3 to 4 form part of these financial statements** **2** ## **South Devon Gospel Trust** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |**BALANCE SHEET**
**AS AT 31 DECEMBER 2025**|**BALANCE SHEET**
**AS AT 31 DECEMBER 2025**|||| |---|---|---|---|---| |**Unrestricted**
**Funds**
**General**
**Note**
**£**
**FIXED ASSETS**||**Restricted**
**Funds**
**£**|**TOTAL**
**2025**
**£**|**TOTAL**
**2024**
**£**| |Tangible assets
2|0
**0**|0
**0**|0
**0**|0| |||||**0**| |**CURRENT ASSETS**||||| |Debtors
3
Bank and cash balances|916
25,896|0
0|916
25,896|1,129
25,314| |**26,812**
**CURRENT LIABILITIES**
Creditors payable within one year
4
3,213
**NET CURRENT ASSETS**
**23,599**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors payable after one year
5
0
**TOTAL NET ASSETS / (LIABILITIES)**
**23,599**
**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**
**26,812**
0
3,213
**0**
**23,599**
0
0
**0**
**23,599**
23,599
0
23,599
0
**23,599**
__ (date).
____________(signature).||**26,443**
4,489| |||||**21,954**| |||||0| |||||**21,954**| |||||21,954
0| |||||21,954
0| |||||**21,954**| |||||| **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 2025** ## 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 2025** |2 **TANGIBLE FIXED ASSETS**|**Fixtures**
**& Fittings**
**£**|**IT**
**Equipment**
**£**|**TOTAL**
**2025**
**£**|**TOTAL**
**2024**
**£**| |---|---|---|---|---| |Brought forward 1 January 2025|0
0
0|0
0
0|0|0| |Additions in year
Depreciation for year|||0
0|0
0| |Carried forward 31 December 2025|**0**|**0**|**0**|**0**| |||||| ||**General**|**Restricted**|**TOTAL**|**TOTAL**| |3 **DEBTORS**
Gift aid tax recoverable
Other debtors and prepayments
4 **CURRENT LIABILITIES**
Creditors payable within one year:
HMRC PAYE & NI deductions
Unspent mission budget
Sundry creditors and accruals
5 **DEFERRED LIABILITIES**
Creditors payable after more than one year:
6 **DESIGNATED FUNDS**
N/A
7 **RESTRICTED FUNDS**
N/A|**Fund**
**£**|**Funds**
**£**|**2025**
**£**|**2024**
**£**| ||0
916
**916**|0
0|0|0| ||||916|1,129| |||**0**|**916**|**1,129**| ||2,377
640|0
0|2,377
640|2,331
2,000| ||196
**3,213**|0|196|158| |||**0**|**3,213**|**158**| ||0
**0**|0
**0**|0
**0**|0| |||||**0**| |||||| ## 8 **PAYMENTS TO TRUSTEES AND THEIR SPOUSES** **£** Rev Tom Brassil Salary (net of statutory deductions) 32687 Rev Tom Brassil Training & Expenses (including church admin 2074 expenses) **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 2025. 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 2025, 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 R Bishop Dated ___________________________ Name and address of the independent examiner: **6** ## **South Devon Gospel Trust** ## **APPENDIX 1 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** |**FOR THE YEAR ENDED 31 DECEMBER 2025**||||| |---|---|---|---|---| |**VOLUNTARY INCOME**|**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**||**£**
**TOTAL**
**2025**|**TOTAL**
**2024**
**£**| |Bank donations by S/O and direct credit
Cash
Income tax refunds under gift aid|48,774
0
12,144|0
0
0|48,774
0
12,144|47,777
0
11,766| |**60,918**
**INVESTMENT INCOME**
Interest
0
**0**
**INCOMING RESOURCES FROM CHARITABLE ACTIVITY**||**0**
0
**0**|**60,918**
0
**0**|**59,542**| |||||5| |||||**5**| |||||| |Bookstall & Literature income
Events
Tea & coffee contributions|20
185
0
**205**|0
0
0
**0**|20
185
0
**205**|59
0
0| |||||**59**| |**OTHER INCOMING RESOURCES**
2023 Independent Examiner fee not invoiced|0|0|0|200| |Grants|0|0|0|1,000| ||**0**|**0**|**0**|**1,200**| |||||| **7** ## **South Devon Gospel Trust** ## **APPENDIX 2 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** |**COSTS OF GENERATING FUNDS**
Cost of fund raising
**COSTS OF CHURCH ACTIVITIES**
**Church costs:**
Tea/coffee/refreshments expenses
CCLI licence
Insurance
Gifts
Toddler group
Children's groups
Youth Group
Events
Setup legal fees|0
0
**0**
**0**
43
0
160
0
489
0
0
0
12
0
45
0
22
0
333
0
0
0
**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**|0
0
**0**
**0**
43
0
160
0
489
0
0
0
12
0
45
0
22
0
333
0
0
0
**£**
**£**
**Unrestricted**
**Funds**
**Restricted**
**General**
**Funds**|0
**0**
43
160
489
0
12
45
22
333
0
**£**
**TOTAL**
**2025**|**TOTAL**
**2024**
**£**
0| |---|---|---|---|---| |||||**0**| |||||76
130
516
30
0
119
0
33
0| |Anglican Mission in England affiliation|1,707|0|1,707|1,600| |Safeguarding
Advertising
Vistiting speaker expenses
Other service costs
Other administration costs|197
125
0
182
475|0
0
0
0
0|197
125
0
182
475|1,064
42
140
352
323| |Pomphlett Building Initial Costs|878|0|878|0| |Buildings costs
**Teaching costs:**
Bookstall expenses
**Minister:**|2,280
**6,948**
426
**426**|0
**0**
0
**0**|2,280
**6,947**
426
**426**|1,200| |||||**5,625**
328| |||||**328**| |Gross salary|42,250|0|42,250|34,866| |Pension contribution
Life Insurance
Expenses
Discretionary costs
Telephone
Training
**Fixtures & Fittings and IT equipment**
Depreciation of fixtures & fittings and IT equipment
**TOTAL COSTS OF CHURCH ACTIVITIES**|4,225
132
278
0
248
417
**47,550**
0
**0**
**54,924**|0
0
0
0
0
0
**0**
0
**0**
**0**|4,225
132
278
0
248
417
**47,550**
0
**0**
**54,923**|3,487
77
186
0
206
486| |||||**39,308**
0| |||||**0**| |||||**45,261**| |||||| |**CHARITABLE ACTIVITIES**||||| |Mission giving|4,554
**4,554**|0
**0**|4,554
**4,554**|3,000| |||||**3,000**| |||||| |**GOVERNANCE COSTS**||||| |Independent examiner|0
**0**|0
**0**|0
**0**|0| |||||**0**| ||||||