Charity number 292017 THE JESUS LANE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
THE JESUS LANE TRUST YEAR ENDED 31 DECEMBER 2024 CONTENTS Page Trustees, report IndependÈnt èK8mina¢s report Staternent of finantral activities Balance shaet Notes to the fiTranal stal&m•nts
THE JESUS LANE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER 292017 The Iruslees present their report together with the financial slalemenls of Ihe charity for the year ended 31 December 2024 The financial slalemenls have been prepared In accordance with the accounting policies set out within thelll, and comply wth the charity'5 trust deed and applicable law TTU5tees Mrs Claire Alldritt Mr Piyush Jani Rev Alasclair P8ine Mrs Laura Sanclerson Prof Peter Robinson Rev Nathan Buttery Mrs Eloise Jarnes Dr Sophia Shellard Treasurer. Independent Truste9 Interim Chair Ito 17 May 20241, Member ol St Andrew the G81 Church Member of St Andrew the Great Church Independent Trustee Member of St AndW the G31 Church (to 17 May 20241 Chair Ilrom 17 May 20241. Independent Trustee Inc£ependent Trustee Member of Sl Andrew the Great Church Ifrom 17 May 20241 Independent Examiner John Robert5 IFCAI Address St Andrew the Great Church, St Andr8Ws Street, Cambridge. C82 3AX Structure, governance and rnanagemenl The charity was forme¢ by Trust Deed on 5 June 1985. The Ch3ribe5 Act 2011 requires tre tmstees to ensu that the charity keeps accounting CordS ol all the chantls transactions so a5 to disclose at any time. with reasonable accuracy. the financial position of the charty at that tirne and to enable thern lo ensure that the financial 5tstements comply wth the d15closure regulatsons The twstees are also responsible for SafUardlng the ¢harity's assets and hence for taking re8son8ble steps for the prevention and detection of error, fraud and other irregularitie5. Objectives and activities The objects are to 8pply the capital and income of the trust fund exclusively for the advanMent of the Chn5tian gospel In Cambndge and elsewhere through the provision of funds to support in particular. the teaching. pastoring. and counselling of students". the training of young Christian stucjents,. the provision of opportunibes for full-time and voluntsry Christian Servi in the United 'ngdoM and ovetseas. The TnJst p3ys a grant to Sl Andrew the Gal Church lofficial name Holy Sepulchre PCC Cambridge) to mver the costs of Chrisban workers who are employed by that church to work among students. The Trust also rnakes some direct grants to Individuals (often former students) who work lor the church as volunteer church Interns Public benefit The Truste&5 of the Jesus Lane Trust have had regard to the Charity Commi$510n's guidanee on public benefit and. In partscxlar, the specific guidants on charitses lor the advanment of ieligion.
THE JESUS LANE TRUST TRUSTEES, REPOR T ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievemonts and performanco The Trust's achievetnent5 In the year were lo continue lo perfortn the main activities as staled abovè through giant-making Financial review The Trust has continued to re1Ve generous donations from both curient and past sludenl members ol St Andrew the Great Church along with grant funding from a 5tnall number ol other charities. The Trust continued to support the work of St Andfew the Great Church by paying a grant to that church to cover the employment costs of five Student Workers (falling lo four from September 202318nd contribution towards their accommodation costs, along with 8 proportion of the employment costs of further worker relèting to PDSt graduale Student work The Trust paid grant5 directly lo five Church Interns during the 2022123 academic year, falling to four for the 2023124 year. The Trust also conbnued lo pay 8 grant to two International Intern5 and reitnbursed Sl Andrew the Great Church for their living and training Costs The Trust received a restricted donation lor this purpose The 5+ Club continued to Trive a small number ol contributions- this Income is only applied lo the costs lating to the Sludenl Pastor and the Student Workers An exercise has been undemay during the year to reouest that donors move their 5+ restricted giving lo unrestricted giving lo support the student work ol Sl Anttrew the Great mDre wdely and from January 2024 no further Income received will have the 5+ restri¢iion Reserves policy The Jesus Lane Trust IJLTI liaises wth staff at St Andiew the Great Church Conrning provision for Student Worker5 and volunteer ministry Interns and seeks to generou$1y grant fund this work The Trust also employs a JLT Partner Relations Managei for six hours pei week The Trust has no other significant expenses. Level of serveS held At least tr¢elve month's worth of expenditure should usually be kept In reserves lo cover upcoming grant funding lexduding the grant funding for Inlem8tion£l Interns which Is fully funded by a restricted donalionl. The trustees 8gree the level of grant funding lor each year in order to maintain sufficient reserves and ensure that th15 funding can be continued at a generou5 level for future years. Going concern The Trustees have reviewed the accounts and considered the going Conrn of the charity and have not Jentsfieoj any unTrrtaintses about its ability to contnue as a going cOnrn. Approved by the Board of Trustees on 16 May 2025 and signed on Its behalf by Mr Nathan Buttery Chaii
INDEPENDENTEXAMINER'S REPORT TO THE TRUSTEES OF THE JESUS LANE TRUST (CHARITY NUMBER 2920171 ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I report lo the Iiusleès on my examination ol the accounts ol the Jesus Lane Trust lor the year ended 31 December 2024. Responslbllltles and basls of report As the charity trustees ol the Trust you are responsib5e lor the preparation ol Ihtr accounts in accordance with the requiremen15 of the Charities Act 2011 I'lhe Act'i. I report in respecl ol my examination ol Ihe Trust's accounts carried out undèr section 145 ol the 2011 Act and in carrwng out my examinalion I have followed all the applicable Directions given by the Charity commis0 under section 14515llbl of th& Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examinalion giving me cause to believe Ihal in any material respect.. 1. the accounting records were not kept in respect of Ihe Trust as required by section 130 01 the Acl., or 2. thè aecounts do not accord with those records.. or 3. the accounts do nol comply with the applicable requiremenls concerning the form and content ol accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirewent that thè aceounts give a 'true and lair view which is nol a matter considered as part ol an independenl examination. I have no concerns and have Corne across no other matters in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding ol the accounts to be reached. hn Roberts IFCAI London 16 May 2025
THE JESUS LANE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2024 UnTestrlcted Restricted Funds Fund5 2024 2023 2023 Total Unrestricted Rèstricted Fund5 Fund$ Funds 2023 Total Fund5 In¢omlng resources DonatlDns and IaCleS 165,841 60.092 225,933 167,169 40.822 207.991 Inve5trllent Income Bank Interest 6.466 6.466 5,834 5,834 Totsl 172.307 60.092 232.399 173,003 40,822 213,825 Resources expended Charitsble 152.565 61,643 214,208 175,049 41.549 216,598 Total expenditure 152.565 61,643 214.208 175,049 41,549 216,598 Net income I loxpendrturel 19.741 {1.5511 18.190 12,0461 17271 12,7731 Transfers between funds 11,5511 1,551 17271 727 Net movement in funds 18.190 18.190 2,773 2.773 Reconclliatson of funds Total funds brought forward 171.842 171,842 174.615 174,615 Totsl lunds carried forwaid 190.032 190,032 171.842 171,842
THE JESLIS LANE TRUST BALANCE SHEET FOR THEYEAR ENDED 31 DECEAIBER 2024 2024 2024 Unrg•trtcl•d Aebtrlcled FynO¥ Fund8 202d 2023 202J Total Unro•lrlGl•d R••iil¢tod Fundi FtsTrd• Funds Z02J TolJl F¥nda Debtors Cash it bw Tot•1 OJI¥1 10, 192.870 203.464 10,588 32.384 22S.262 22.384 2JS.818 8.669 178,648 0,$69 1g,SQS 198,244 19,090 204,•IJ CurreTht Credrtcn wwjnts lalling dUe1th one yeor 13.432 32,384 45.018 13,475 19,598 33,071 N•t Gurr•rrt •i*•ts 1,0$2 180.OJ2 171.842 171.842 I•32 1W 032 Funds R•$inU ldi UnreJtThXfur ltyJ.032 19J 032 1W.OJ2 171.842 171 842 171,842 Mr è Chwi
THE JESUS LANE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I Prlnclpal atcountlng pollclo8 Basis of 8ccoiJnting The financial sl3lemenls of the cherity have been prepared under the historical cost convention wth Item5 cognised al cost or transaction value unless otherwise slated, and in 8ccordance wth the Charities SORP IFRS 1021 and with the Charitie5 Act 2011 Income All Incomè Is 8ccounted lor gross when received and Is included In the Ststemenl ol Financial Aclivitses when the Trusl becomes enlilled lo the Income. Il is more likely than not that Il will receive the income, 8nd the amount can be measured with sufficient reliability Le9acies are recognised when receipt 15 probable. that Is, when there ha5 been grant ol probate. the executors have established that there are Sufficient assets in the estste and any conditions attached to the legacy are either within the control ol the charity or have been rnel Gift Aid receivable Is included In Incomè whan thor? i¥ ¥ valid déelar8tion from tha donor. Any Gift Aid arnount recovered on a donation Is consi(Jered to be part ol that gift an(J Is treated as an 8ddilion to thè 58rne funcl as the Initsal donatson unless the donor or the terms ol the appeal have specified otherwise E¥pendifur8 Liabilibes are recognised where it Is more likely than not that there is a legal or constructivè tsbligalion cDmmitting the chanty to pay out resources and th• amount ol tha obligation can be measured with reasonable certainty Support Costs have baén allocated to activity heading$ basgd on thè propOOn of grants pay8ble lor th¢3e activilies Governancè costs comprise all costs involving public accountability ol th• charity. its etsrnpliance with regulatson. good practice and insurance. 2 Incom¢ from Donatlons and l?gaclès 2024 2024 Unr•8trStted Restrlcted Funds Fund8 2024 Total Funds 2023 2023 Unrestilcted Rostrlctgd Fund6 Funds 2023 Total Funds Donatsons and gifts Gift Aid Granis receivable from oiher charibes 135.613 23.228 S9,7 125 195.580 23.353 129.074 23,095 39.879 168,953 943 24,038 7.000 165.841 7.000 225,933 15,(Y)O 167, 169 15.000 207.991 60,092 40,822
THE JESUS LANE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI 3 ExpendSturo on Charrtable activitie$ 2024 2024 Unrestricted Restrlcted Fund5 Funds 2024 Total Funds 2023 2023 Unrestrlcted Re$trictod Funds Funds 2023 Total Funds Studenl Workers Church Interns Internatsonal Interns 125,444 27,121 125,444 27,621 61,143 214,208 150.084 24.965 5,013 155,097 24.965 36.536 216.598 500 61.143 61,643 36.536 41.549 152,565 175049 The gr8nts for Student Workers are paid to an in51itulion, St Andiew the Great Church (official name Holy Sepulchfe PCC Cambridge) The grants to Church Inierns are paiol directiy to lh8 IT1vIdual5 concerned. The gran15 to Inlerriational Interns are paid in part lo th& individu81s to cover Iiwng costs and in part lo St Andrew the Great Church aB a reimbursement ol housing and training costs paid by Iham on the Interns, behall. Further 4nalys1$ of •xpèndltur• on ChaTit4ble aetlvltl•$ 2024 Total Support Costs 2023 Total Grant Support fundln9 coBts Grant fundlfig Total Total Student Workers Church Inlems InternaboDa1 Inrn$ 122.004 26,864 59,467 208,335 3,440 757 1,678 125.444 27.621 61.143 214.208 152,010 24,467 35.809 212.286 3,087 155.097 24.965 727 36,536 4 312 216,598 4 Support costs Studant Woikers Church Intèrnational Intern• IntBrn# Totsl Salary costs Note S CorrespoDdence with supporters Governance Bank charges Adfflin151r8lion cost5 Transactson costs 2,028 471 591 35 296 19 3,462 805 1,009 60 505 32 104 130 230 288 17 144 65 757 Support eosts are appornoned beeen actsvilies basèd on the total ¢Jirect costs (grant lundingl of that aciivity.
THE JESUS LANE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI Administration costs late to consultancy servi$ provided by one of the Iruslees during the year to cover ne$sary adminislmtive tasks, on agrèem8nl with Charity Commission. This airangement aSed in April 2024. S Salary costs 2024 2023 Aver8ge nymber of employees 2024 2023 Salary Social 5ecunty cost5 Pension costs 3,266 984 196 3.462 80 1,064 6 Debtors 2024 2023 Gift Aid Accrued Income Prepayments 10.166 347 73 4.886 1.771 72 6.669 7 Crndltors 2024 2024 Unre8trlct8d Restrl¢ted Fund5 Fund8 2024 Total Funds 2023 2023 Unrestricted Restricted Funds Fund$ 2023 Totsl Funds Grants payable- Int8m3bonal intems Grants payable- church Interns Other creditors 32.384 32.384 19,596 19,596 13.432 13,432 12.792 683 12,792 683 33.071 13,432 32.384 45,816 19,596
TrtE JESUS LANE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI B Restricted funds Balance brought forward Income in 2023 Expenditure Transfe in 2023 in 2023 Balance carrred fotward 31 Dec 2023 1 Jan 2023 5+ Funcl Intematon31 lrtern Grant 4,070 35,809 39.879 14.0701 136.5361 40.6tks 727 727 Balance brought forward Income In 2024 Expenditure Transfers in 2024 in 2024 Balance carried forward 31 Oec 2024 1 Jan 2024 5+ Fund Cttuh Intem Gr3nt InternatsOn Intem Grant 500 59,592 60.092 15001 161.1431 61,643 1,551 1.551 The 5+ Fund and 10+ Fun¢Y %%ere estBb1ished historically to receive contnbubons from current and past student fflembers of St Andr• the Great Church 10 SUPPOrt the Jesus Lane Trust Incnme from these lunds ts onty applia to trbe costs relabng to the Student Vlorkers. An exefose was undErtaken In 2022 to wuesl that donors mtsve their sIncted giving to unrestricted aiving which has greatly reduced tre level of restricted g5ving The funds are now to new gwing All rernaining don to the 5+ fund ltrere were no remaining donors to the 10+ fun¢) weie Infome4 In December 2023 thai as the resirithon In their giving in fact related ID the main chantsble obiecbve of the Trust thar gmng has been movecj tg vnfe5tnLted giving In 2024. The Irrternatsonal Intern grani restricted fund relaies to an annual donatson r1Ve for the purpose of SUppong. housir*g and trainiw Iniernatsonal Intems al St Andrew the Great Church 9 Transfers been funds A small amourrt was transferred Irom unrestrthd funds to cover the support costs allocated lo Inlernabonal Intern gfanl lund
THE JESUS LANE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ICONTINUEDI 10 Related party tran&actlon8 St Andrew the Greal Church (official name Holy Sepulchre PCC Cambridge) and the Jesus Lane Trust have some Iru5tees in comrnon. The Jesus L8ne Trust made a grant of £122,00412023- £152,010) to Sl Andrew the Great Church. At thè year end, no amounts were owing beeen Jesus Lan6 Trust and Sl Andrew the Greal12023- Jesus Lane Trusl owed Sl Andrew the Greal Church £4251 The Jesus Lane Trust held an amount accrued of £22,310 2023- £13.2001 for committed ¢051s lo ba paid to Sl Andrew the Great Church to reirnburs9 them for ¢05ts Incurrod In rel8bon to the International Interns for th8 current academic year On• Trustee. Claire Alldritt. ceiVed remun8r8tion 01 £489 during12023."£1,3831 for provision ol 8dministrabve consultancy services (sell employed) on agreement with the Charity Commission and £0 12023 £131 of axpen585 were reimbursed to her as part ol this role 3 Iruslees12023- 31 woig r¥imbuisad total of £325 lor t1115tees' meetsng expenses12023- £3181. io