REGlSfERED CHARITY NUMBER: 528915 REPORT OF THE TRUSTEES ANO UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR sr PETEA'S SALTLEV TRU5r J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
sr PEfER'S SALTLEY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Ito13 Report of the Trustee5 Independent Examlner'5 Report 14 Statement of Flnanclal Actlvltles 15 BalJn¢e Sheet 16 Notes to the Flnanclal Statements 17to28
ST PETER'S SALTLEYTRUST REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 The trustees present their annual report and the financlal statements for the year ended 31 March 2024. The trustees have adopted the provisions of AccountinB and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlly number 528915 Prlndpal address Grays Court 3 Nursery Road Edgbaston irmin8ham West Mldlands 815 3JX Ex-offklo P•trLws The Bishop of 8irmlnBham The Blshop of Coventry The Blshop of Hereford The Bishop of Lichfield The 8ishop ol Worcester Trustees Nomlftatlve M Harrington Dr J Ipgrave Dr P Kent Revd Dr R Latham Mr D Owen Revd Canon Or R M Pryce Mr G O Thornhlll A Wlld (Appointed 23 November 20231 (Chalrl (Appointed 23 November 20231 IResS8ned 23 Nowembèr 20231 IDeceased 3 June 20231 (Appointed 23 November 20231 CovOPtatl¥e Mr M H35tllow M5 J Jenklns Mr D Martin (Appointed 8 February 20241 (Appointment ceased 23 November 20231 Admlnlsiratlve DSre¢tor Dr l Jones Bursar M5 L Y Hayes-james Indepet¥Jent examlner I W Hink5 LLP Chartered Accountants 19 Hlghfield Road Edgbaston Birrnin8ham West Mldlands 815 3BH Page I
ST pER,$ SALTiEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Banker5 TSB Bank plc Lon8 Acre Birmingham Branch 79 Long Acre Birmin8ham West Midlands 87 5JB Sollcitors Martineau lohn50n St Philips House St Phillps Place Birmin8ham B3 2PP Investment ManaKers CCLA InveStent Management Limited 80 Cheapside London EC2V 60Z STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng document The tTU5t Is a re815tered charlty Icharily number 5289151 and Is administered under scheme rules dated 26 lune 1980. RKrultment and aP11trnent of new tru5tee$ As set out In the charity'5 scheme rules. new trustees are appolnled by the board of trustees after applyin8 to the trust In the form requlred by the trustees and after bein8 approved by the board ol trustees. Co-optatlve trustee5 are Identlfied from persons In the re8lon who are well-re5pected and competent In one or more of the trust's oblertlve fields and are nomlnaled and elected to offlce by the board at the Annual General Meetin8. AII trustees 8ive thelr tlmevoluntarlly and receive no benefits from the charlty. Any expenses reclalmed from the charlty are set out In the notes to the flnanclal statements. Indurt5on and traln5nK of new trustees New trustees recelve a full ¢opy of the trust deed, relevant documentation on trustee responslbi1Stles frorn the Charity Commlssion, a rrust Slratè8y and policy paper and the most recent set of mlnutes. New trustees are inducted into the detall of the day-to-day management and workln8 of the trust by the trust'5 admlni5trative director. Organlsatlonal structure The Charity is run by a board of trustees who are responsible for the overall strate8ic management of the organisation. Day-to-day management responsibllltles are delegated to the admlnistrative director. The body of Trustees con515t5 of six Nominative Trustees (five nofflinated by the diocesan bishop5 of the region lone trustee per diocese, and one of whom Is the NoMnee of the St Peter's College Old Students, Assoclatlonl,. four CD- optatlveTrustees. of whom at least three are lay persons. Co-optative Trustees are Identlfled from persons in the region well-respected and cornpetent in one of rnore of the Trust's oblective fields, and are nominated and elected to office by the Board. Page 2
ST PETER'S 5ALTLEYTRUST REPORTOFTHETRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Company and charlty law requlres the trustees to prepare financial statements for each financial year whlch glve a true and falr vlew of the state of affair5 of the charity and of the surplus or deflcit of the charlty for that perlod. In preparin8 those flnancial statement5, the trustees have.. selected suitable accounting policies and then applled them conslStently- made judgements and estlmates that are reasonable and prudent,. stated whether applicable accountin8 Standards have been followed, Subject to any material departures disclosed and explained in the financial statements,. and prepared the flnancial statements on the going concern bas15. The trustees have overall responsibility for ensuring that the charity has appropriate systems of controls, financial and otherwise. They are also responslble for keepin8 proper accounting records which disclose with reasonable accuracy al any tlme ihe financial positlon of the charity and enable them to ensure that the financial statements cornply with the Companies Act 1985. They are also responsible for 5afe8uardin8 the a55ets of the charity and hence for taking reasonable Steps for the preventlon and detection of fraud and other irregularities. Wlder network The trust 15 affiliated to the A5soclation of Church Colle8e Trusts and repre5entative5 of the trust attend the twice-yearlv meetings of the As50clation, enabllng the sharin8 of information and good practice with similar trusts. The Trust Is also a member of the christan Funders, Forum. Rlsk mana8ern•nt The trustees have a duty to Identlfy and review the risks to which the charlly is exposed and lo ensure appropriate controls are In place to provide reasonable assurance agalnst fraud and error. The trustees have examlned the major strateBlc, Investment and operatlonal rlsk5 whlch the charlty faces and conflrm that systems have been established to enable regular reports to be produced $0 that the necessary steps can be taken to lessen the risks. Work contSnues to be undertaken to ensure ¢ompllance wlth GDPR regulations. OBJECTIVES AND AcrivlEs Obl•ctlve5 and actlvltles lor the Pybll¢ Beneflt The charity is establlshed to advance educatlon and rellglon wlthin its area of beneflt, i.e. the reglon cornprislng the dioceses of Worcester, Hereford, Ll¢hneld, Birmin8ham and Coventry. We revlew our alms. objectives and activlties each year. Th55 revlew looks at what we achleved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activSty and the benefits they have brou8ht to those groups of people we are set up to help. The review also helps u5 to ensure that our alm, oblectlves and actlvltles remaSned focused on our stated purposes. We have referred to the guidance contained in the Charity Commisslon'5 8eneral 8uidance on public benefit when reviewin8 our aims and ublectives and in planning OUT fulure activities. In particular, the trustee5 conslder how planned actlvllles wlll conrribute to the aims and oblectlves they have set. The focus of our work The Trust'5 work focuses on three principal areas: a. The development of Chrlstlan dlsclpleship b. The strengthening of the Christian presence in, and contribution to, the further education sector c. The developrnent of religion in School educatlon, broadly understood Page 3
ST PEfER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH ZO24 The followlng policles ¢ontlnue to shape the trust'5 approach to its principal objective5: TD engage In artion-re5earch and development through locally-based projects In the deslgnated flelds of Interest of St Peter's Saltley Trust. To provide resource5 and training to students, practitioners and other5 workln8 In the Same fields. To provide opportunitles for the dlssemlnatlon of learninB through serninar5 and publlcatlon5. To maintaln Ilnks with Institutions and groups working in related fields regionally and nationallv. Four kinds of grants are available.. Major Projects Ilarge grants for major projects Involvlng a s58nlflc3nt deBree of partnershlp between the Trust and one or more othèr organisations. These would be Ilmited to 1-2 such projects per yearl. MedluFn-Slied Prolect5 18rant5 between £IOOO and c. £IO.000 per year per proleci, wlth varylng levels of partnership workin8 anticipated) Consolldatlon and Development lexceptlonal extension fundin8 where a prevlous Trust-funded project has clearly borne frult andlor there Is a clear need for further fundin8 in order to make a project sustalnablel Small Grant5 la dlscrete fund of £5000 per year, offerlng up io 10 Éranis ol c. E5CN) each and no more than £I(KIO- for smaller, one-off prolects undertaken by Indivldual schtso15, colle8es, churche5 or organisationsl Slnce 2022 the Trust15 pur5uin8 the lollowln8 medlum-term workSng and funding priorities. Prloilty areas for fundln8 wbthin the Trust's broad parameters outlined above are.. Religious literacv Falth formatlon Thè rell8lotss land particularly Christlanl calling to... Envlronmental responsibilitylcare for creation Peace-makin& reconclllatlon and overcomlng polarlsatlon Racial justice, equity and Incluslon The full workln8 prlorlties document 15 avallable at.. h At thelr meetln8 on 23 November 2023, tru5tee5 committed to a further workin8 and fundlng prlorlty.. strengthenin8 enBagement with local Christian communlties. Trustees agreed tci rlng-fence one third of the Trust's annual bud8eted expendlture on grant fundlng for projects bein8 developed by Individual local churches, schoo15, colle8e5 or falth or8an55atlons, or small local partnershlp5 thereof. The TTU5t wlll also seek to develop In partnershlp wlth others a sulte of projects wlth a primary focus on nurturin8 learning about and from Chrlstianlty and Christian discipleship development at local level. Grant-makSn8 The Iru5t invltes appllcations for grants from indlviduals, Éroup5 and organisations within Its area of benefit, i.e. the region covered by the dioceses of WorcesEer, Hereford, Lichfield, Birmin8ham and Coventrv. Appllcants submlt an outllne of their proposals, wlth costlngs. tlrst for consideratlon by the irust's Adv150ry Councll Icomposed of around slx Indivlduals including two Iru5tees - wlth experli5e in one or rnore of the trust's areas of interest) and then by the trustees at their twice-yearly rneetin85. Consultancy: Saltley Research and Evaluatlon Slnce July 2016 the Trusi has run a trading activity within the charity, Saltley Research and Evaluation ISREI. This was developed in response to the Trust's growing rEPUtation in faith-based research work and in response to a growing number of requests to evaluate projects. Unllke the Trust's charitable activity, which 15 limited to the region covered by the dloceses of Blrmingham, Coventry. Hereford, Lichfield and Worcester, research commissions can be accepted natlonally, wlthin the scope of the Tiusl's three main areas of interest. Oe¢lsions on tenderin8 for research and evaluation work are taken in consultation with the Trust's Advi50ry Council. Page 4
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Durln8 2023-24 two new paid commi5sion5 has been approved.. A three year evaluation of the 'AII God's People, initiative at St Chad's and St Mark's Church Wolverhampton, designed to learn about creating an intercultural and multi-cultural Worshipping community in a hi8hly diverse area Ibegun Spring 20231. A three year evaluation of the Birmin8ham Faith Cllmate Action Project, aimed at encouraging grass-roots faith- based environmental projects acr055 the city. At end of March 2024 confirmation had just been received that the project has beèn su¢tessful in it5 fundin6 bid with the Esmée Fairbairn Foundation, so thè project is likely to start in mid-2024. ACHIEVEMENT AND PERFORMANCE Charii8ble actlvltles How our actl¥ltles dellver publlc benef6t In settlng our objectives and plannlng our activities the trustees have given careful consideratlon lo the Charltv Commi55ion's general guidance on public benefit. During the year ended 31 March 2024 the trust has contlnued to provide support lelther through grant-fundlng staff tlme or both) for fourteen ongoln8 projects, extension fundln8 for one prolect prevlously re¢elvlng 8rants. and offered Support to seven new initiatives. Progress on these projèct5 and Information on Ihelr public benefit 15 Oiltlined below, project by p¥olect'. Newly-Allo¢ated Fundln8 DuTln8 the year fundlnB was allocated as follows. Medlum Grant Fundin8 was 8iven to.. 81rmln8ham thrlstlan Colle8e- Developlng Creatlon Care Resources for Pente¢ostal and Charlsmatlc Churches1£2400 In 2023.24, £2100 Sn 2024.2SI. The alm of the prolect is to develop quallty theological education resources on the Chrlslian responsibility to care lor the environrnent, from a Pentecostal and Charismatlc perspective. Eco-theology is comparatlvely rarely explored at 8ra5s-root5 level within Pentec05tal and Charlsmaiic churches in the UK lan increasin8ly 518nificant 5ectlon of the Chri511an communltvl but there Is 8rowln8 interest. This project seeks to research current needs and per5pectlves on troation-care and develop accessible learnlng resources sultable for the dlverslly of Pentecostal and Charismatic cong¥e8ations in the UK. Trust fundlng has enabled the appointment of a parl-time research asslstant IDr Charles Prempeh was appointed early in 20241 who will consult wlth Churches and develop resource ideas. Trust fundin8 will also provlde fundln8 to cover costs of resource development. Includlng cos15 10 churche5 of particlpatSnB In project development, resource design and video edltlng. The project addre55e5 the Trust's priority around learnlng for Christian dlsclplèshlp, speciflcally the Chrlstian responsibility to care for the earth. Llbby Leeth IResolvel- L)eveloplniTralnlnB for Pastoral SupervSslon In Educatlonal Settln8$1£3715 In 2023-24, £3725 n 2024-251. Pastoral supervlslon Is a growing area of work both within and beyond Christian rninlstry. Work with Further Educatlon colleÉes in the region has hi8hli8hled a desire for chaplain5 to receive regular supervision. Whilst some generic supervision trainin8 exists, there is Ilttle Introductory tralnlngi and currently none which focu5es specifically on pastoral 5upervlslon wlihin educational setllngs. Trusr fundlng is enablin8 the writing and developlng introductory training speclflcally to address this, ¢ombinin8 supervision ski115 Wlth understanding of the educatlonal context and ol theology and young people'5 spirituality. Work began in early 2024. The pruject addre55es the Trust's priority of strengthening the Christian presente In, and contribution to, Ihe Further Education sertor, and may have wider value for schools (particularly church schools) as well. Stren8thenlng En8agement wlth Loca5 Chrlstlan Communltles-Talents Fund1£5000-azreed 2023-24for use In 2024- 251. The Talent5 Fund is the first medium sized grant funding commitment of the Trust's new focus on 'Stren8thening Engagement with Local Christian Communities,. The Talents fund will provide 10 x £SOO srants available to churche5 which f311 within the IO% m05t deprived parishes in the five West Mldlands dloceses. Parlshes wlll apply for funding for projects which seed or develop some aspect of their work to encourage the development of Christian discipleship. The Talents Fund is In development with an anticipated launch in 5ummer/autumn 2024. This is part of the Trust's. Page S
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 commitment to rin8-fence one third of unallocated fundlnB for projects developed by indlvldual local churche5, Schools or colleges,. Consolldation/Development Funding was given to.. West Midland5 FE Chaplaincy Ambassador Project I£10,006 in 2023-24, £5676 in 2024-251- Thi5 project aims to develop new further education chaplaincles in some of the 40 or so FE and Sixth Form colleges in the West Midlands region and strengthen exlstlng chaplaincle5 who might in turn support colleges In developing provlslon for SMSC development for Students and resourcing colleges in matters of religious literacy and communlty coheslon. In thbs respect, the project furthers the Trust's objective of stren8thenin8 the Christian prÈsence in, and contribution to, the FE and lifelong learning sectors. The 2021-24 phase of the project is being funded in partnership wlth the An81ican Dioceses of Coventry and Lichfield, the Heart of England Bapt15t Association. and the West Mldlands Synod of the Unlted Reformed Church. Nlgel Roberts, an experienced education chaplain and lecturer In chaplaincy and youth work, took up the post in May 2021. There contlnues to be a marked upturn of interest in chaplaincy from colle8e5 in the region, with new initiatives being developed at Dudley Colle8È and City of Wolverhampton College, and early conversatlons on chaplalncy at Stoke College and Birmin8ham Metropolltan College. Nigel also provldes Input to the Colleges Wesl Midlands Safer Students meetin8. and has run a serle5 of tralnlng sessions for FE chaplalns th15 year. Nl8el contlnues to support the development of Further Educatlon Sunday, a joint initiative between WM Churches. FE Council and the Christian student organlsatlon Festlve. In 2023-24 further funding commitments from the Trust and from the 3Sshop of Blrmingham's Charltable Fund have enabled the extenslon of the work up to April 2025 al least. Small Giant Fundln8 w35 glven to.. Love Black Country- Youth Workshops •t 8la¢k Country Together Fe5tlval I£1000. 2023-241. Together Festival 15 an initlative of the ecumenicèl organi5ation Love Black Country, which aims to bring local Christlans together for a day of worship, learning and celebratSon. Tru51 funding supported the develL)pmenl ol a youth zone, speciflcally coverln8 workshop5 on youn8 people's mental health and wellbeln& and on explorlng mlsslon. It thus addresses the Trust's prlorlty for falth formation. The Festlval look place on 8 july 2023, and was attended by over 3000 people from 200 churches across the Black Country. Frontler Youth Trust-youth Work wlth LGBTQ+ Conference I£IOIXI, 2023.241. This project involved brlnglng together vouth workers and Christlan youn8 people identlfying as LG8TQ+ for a pllot weekend of learnln8 an¢J Irainlng. Many vounB LG8TQ+ Christian5 lind it difficult to flnd a home In some local churche5, yel can also stru88le to lind a home in '5ecular' LGBTa+ settSngs whlch olten do not appreciate the importance of faith to those young people'5 Identity. In this weekend conference FYT brought together a srnall 8roup ol youn8 people and youth workers drawn from local to learn more about how to enable the church to make space for LGBTQ+ young peoplè and to explore and test ways of working with youn8 people In falth sellin85. Trust funding Contributed to lowering the cost to participants ol the conference, held at the Greenhijuse ai Bèrne5 C105e (near Birmln8haml. The project addresses the Trusl's general prlorlty of Christlan learnin8 and dlsclpleshlp, and to Including margSnallsed groups lone of the'ways of workin8, In the Trust'5 current workin8 prlorltles document). Dou8 Chaplln and St Petei's SaltleyTrust- Consultatlon on Needs In Chrlstlan Learnlnl and Dlsclpleshlp1£880, 2023- 241. A5 part of its new priorlty of stren8thenlng engagement wllh local Chrlstian communities, the Trust Is undertakin8 consultation wlth people across the churches by various means to learn more about what are the enabler5 and barriers to growth in Christian discipleship and the challenges and opportunities for local churche5 to support thi5. Such questions are also germane to the work of Angllcan dloceses In the region. This small consultative project rub in partnership wlth Doug Chaplin, Dlsclplèship and Lay Training officer for the Di¢ce5e of Worcester. will involve runnlng four focus groups wilh lay church members from four dilferent geographlcallsocio-economic contexts acr055 the dlocese, to learn more about grass-roots responses to these questions. Trust funding provides for room hirelheatin8 expenses to cover the costs of local churches hosting the gatherings, and a Christian book or discipleship resource for partSclpants. The flrst fwus group is to run in April 2024. Sue Iqbal (Forward Partnershlpl and St Peterfs Saltley Trust- Con5ultatron on Christians in Public Leadership1£544. 2023-241. An important and frequently ne8lected dimenslon of learnlng for Christian dlscipleship concerns the role Page 6
ST PETER'S SALTLEYTRUST REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 Christians are called to play in the development of public life and civil society. Whilst thefe Is good work tsking place around faith In work and everyday life, less Bttention is often give to Christian vocation io publlc leadershlp, and to how local churches can support people in that. As part ol the new focus on '%tren8thening engagement with local Christian communltles,, this project, bein8 undertaken with Sue Iqbal of Forward P3rtner5hip, will run a serie5 of focus groups indifferènt part5 of the West Midlands region to undèr5t3nd rnore about the perspectives of Christians in public Inon- church) leadership roles. the polnts of alignment and tension they experience between thelr falth and Ihelr work, and how churches might help to support and resource Christian5 in contributing to the common good In clvll soclety. Trust funding with cover the cost of venue hirelrefreshment costs and travel expenses. The project will run over 5ptin81Summer 2024. Saltmlne Trust The Dudley Passlon Play [£1000. 2023-241. Saltmine Theatre Companvs Dudley Passion Play Is a contemporary urban retellin8 of the Easter story with a diverse cast, set on the Streets and in public spaces. Professional actors were joined by an amateur cast drawn from the local churche5 and community. For the first tlme, one of Saltmine'5 Passion Plays included a partner5hlp with Dudley College of Technology, whose Evolve Theatfe provlded the setting for the fin31 'Upper Aoom, scene. Trust funding helped to cover some of the cost5 of the produclion, which alms lo Increase publlc religlous literacy laddres5ing the TIu5t'5 current priority in this areal, whilst also strengthening Christian engagement with the Furthèr Educatlon sector. Around IQOO people attended performances of the Dudley Passion Play over two days in April 2024. short hiBhllghts video can be found here.. www. outube.com watchh-. vk In 2023-24. (orrtlnued support, In the form of elther funding or practical support from the Trust Dlrector, was 8lven to.. A collaboralive West Midlands-based project between St Peter's SaltleyTru5t and the Unlversltyof Roehampton called 'Learnln8 from the EdBes'. How Falih Devèlops and Grow5 In Marglnal or"Ed8f Places'1£20,067 In 1022-23, £20,442 In 2023-24 and £9.132 In 202*25). 8ullding on St Peter's 5altley Trust's serie5 of projects exploring'what Helps Disciples Grow?, and work by Roehampton UnivÈrsily's Dr Clare Watkins and Dr james Butler, this project explores the experience ol growth In Christlan falth and practice outslde tradltlonal Sunday mornlng congregatlonal 5ettlngs (where most existlng research on dlsclpleshlp has taken place), focuslng instead upon contexts where participants feel identlfy themselves as one the 'ed8es' of church and society. In thls respect, the research addresses Ihe Trust's lon8-Standin8 aspiration to focus on 'the marglns of church and 50cletl and constitvenclès'not normallytouthed by the Church of En8land'. Rather than belng conventional pure academlc research, the project Uses a collaboratlve 'theologlcal actlon research, methodo108y Irellectlng the Trust's commltment to actlon research), In whlch each of slx local contexts become active partner5 in the design of the research project, in view of particular local issues which each conte¥tlorgani5ation 15 currently wrestllng wlth. Three of the slx local projects had been cornpleted or were nearin6 completlon by end of March 2024. Work on three further sltes was also beglnning. This prDject addresses the Trust's new prlorlly area of Faith FDrmatS0n. Paul.FranGols Tremlett Iopen Unlversltyl and 5t Peterfs Saltl•y Trust: Dwolopln8 Rell8lous Literacy Tralnlni and Resources for Further Educatlon1£3,000 In 2022-231. Literacy in reli8ion and belief Is a key sklll for Ilfe and WDrk In contemporary, multi-faith, rnultl-cultural 50clety. Further Educatlon is Potentlally a key sector for the development of young people's religlous vocatlonal education and trainin8 that the worlds of education and work are brou8ht tO8ether. In this project, Involving a tearn of academic speciallsts in religiu)n and belief led by the Open University's Dr Paul-FranGols Tremlett, reli8ious literacy training was offered to staff in three Further Educatlon colleges in the West MSdlands region (walsall College, Clty of Wolverhampton College and North Warwlckshire & South Leicestershire Collegel. FE college Staff have provided feedback to enablethe creation of a suite of religious literacy training resources and materials aimed specifically at the 16-19 sector lin which eduration aboul religion has historically received less attentlon In comparison to schools and higher educationl. Resource creation is the focus for the remainder of the project In 2024. This will involve a further workshop with students at City of Wolverhampton. to test out idea5. This project addresse5 the Trusys new priority area of Religious Llteracy in addition to its more general commitment to the Further Education sector. Page 7
ST PETER'S SALTLEY TRUST REPORT OFTHE TRusfEES FOR THE YEAR ENDED31 MARCH 2024 Reli8ion Media Centre: FI Cltles Prol•ct1£8,500 pèr year for 2 years, 2023-24, 2024251. The Religion Media Centre alm to Increase vnder5tanding of religiou5 issue5 With the media, and strengthen faith communities. understanding of and engagement with their local media. The Five Cities project aims to brin8 together faith communities. clvlc leaders and the medla In different clty context5 for a day of encounter and mutual learning. Following a succe55ful pilot in 8irrnln8ham in 2022, Trust funding 15 enabling further events in city locations sn the West Midlands region in 2023 and 2024 (further events are happeninB elsewhere in the UK, with other sources of fundin81. The first 'Creatin6 Connections, event tODk place at Coventry Cathedral in October 2023, with nearly 80 participants present including representatlves of règlonal media or8anisations, local failh comrnunitie5 and a panel of A-Level Rellglous Studies studeftts from two local schools. A report of the event can be found here.. htt ionmed5acentre.or new5 creatin -connectlons-ln-covent -of- nor ous-int rfai ortunl . A second event is planned for autumn 2024 In Wolverhampton. Thls project addresses the new working priority of Reli8ious Literacy. Instltute of Chlldren, Vouth and Mlsslon IICYMI: The Further Educatlon ChaplaSn'. UnderstandlnB the Fleld and Supportlng Practl(e1£4,937 in 2023-24. £5.188 In 2024-Z5, £12,766 In 2025-261. The Institute for Children, Youth and Mission are an experiènced youth work and youth chaplaincy traininB oraanlsation, with HE accreditation ol theSr courses. Thls project 5eek5 to explore the role of the chaplain within contemporary Further Educatlon settings and develop tralnlng for FE chaplains. A key d15tlnclive of the prolect Is to listen carefully to Further Educatlon colle8es' understandings of the place af and need for chaplaincy, and a commStment to making the resulting course materials available vla a Masslve Open Online Ctsurse IMOOCI to enable wide access. ICYM w511 work In paitnershlp wlth Saltley Trust staff to ensure the project Is deeply embedded wlthln the West Midlands reÉlon. on whlch the project wlll be focused. In early 2024 Dr Sarah Holmes ol Liverpool Hope Unlverslty. an experienced researcher on youth and children's spirituality, was appointed to lead the prolect. Early work on the project, which will focus on interviewin8 Staff from West Mldlands re8ion FE colleges, began in March 2024. Cylham St Gabrlel'5 Trust, St Petees Saltley Trust and All Salnt5' Trust. wlth the Soclal Innovatlon Partntrshlp.. Co- De55inlng a Partlclpatory Fund around Rellglous Eduutlon1£5000 in Z023-241. This project addresses the Trust'5 aSPITation to include marginalised groups and value ¢onversatlon and dlalogue, as set out In the Tru5l'5 new Working Prioritie5 document. Working with the Social Innovatlon Partnershlp, who have wide experlence of developing more partlclpallve 8rani-makln8 processe5, thls project Seeks to en8a8e a 'hard-to-reach' group and co-design wlth them a small fund for reli810115 educatlon projects. Project partners have chosen to focus on Home School Education as an area historically under-resourced by RE funders. thus addre5sin8 the Trust's mission to support the development of reliBlous educatlon. During 2023-24 initial research was carrled out with home school educator5, and a prototype fund plan was developed. Followln8 recruitment of a communlty panel to assess fundin8 appllcatlons an(J publlcily, the fund wlll be launched In September 2024 and wlll focus on home educators In the West Midlands re8lon. Although the fund itsell will be tlme-limited, the process will create a new model of comrnunity-led funding which will be transferable to other aspect5 of each trust's work over the lon8-term. REToday- Wert Mldland5 Reglonal RE Hub1£7.600 per year for 3 years, 2023-Z4. 2024-25. 2025-261, There 15 widespread agreement withln the Religious Educatlon community on the need to strengthen collaboration and communication between teachers, professional developrnent or8anisations and resource provlders. In 2018-20 a two vear pilot project Ipart-funded by the Trust) employed reglonal RE Ambassadors to seek to engage hard-to-reach RE teachers Sn CPD activities. Followlng a perlod of evaluation and revlew, a second phase of the project began In 2022, wlth Increased hours for regional RE leads, and supported by a new online hub website. Trust funding is supporting the Wèst Midland5 regional RE hub and its regional lead Chris Giles. In thi5 phase of the project the focu5 15 upon irnprovin8 connections and interactlon between different parts of the RE/reli8ion and worldview5 community In the region, and increasing participation in professional development and research in RE. The project Is overseen by a steerln8 group comprlsed of representative5 from key RE organisations. This project addresses the Trust'5 commitment to 5tren8thenin8 religiou5 education in schools. The Feast-Transforming Dtalogue Hub- I£IO,000 per year for 3 year5. 2023.24. 2024-25. Z025.261. The Feast Is an award-winning Vouth charity founded in 81rmingham and now worklng natlonally, which aims to brin8 together teenagers from different faiths and cultures to build friendships and explore faith. Its work focuses on developing young people's confidence ta encounter other5 of different faiths, to be Page 8
ST PETER'5 SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 able to articulate their own faith position with confidence and respect. and to Ilsten rèspectfully to, and learn from, other5 to are different from thern. In 2021 The Feast launched Its'Transforming Dialogue Hub, which aims to train 20ChJ school and colle8e staff, youth leaders and others who work with youn8 people in The Feast's Gvidelines for Dialogue, with a particular focus on the West Midlands re8ioft. After trainin& participants will be given on8oin8 support and access to The Feast's resources to enablè them then to work with young people. Trust fundin8 is supporting Staff salaries to grow the organisation'5 capacity to undertake thi5 project alongsldÈ Thè Feast's other core work. Project hi8hlishts In 2023-24 Included... t, 750 people receiving transforming dialogue trainin8 run by the Feast by the end of 2023. These 750 between them work with approximately 67.000 younB people. 24 schools slgned up to receive trainlng in 2024. Larger organlsations receiving trainin8 from the Feast in 2023 included Birmingham Metropolitan Colle8e, Warwickshire Country Cricket Club, the Grace Foundation lacaderny chain) and Several theological colleges. Thls prolect a(Idresses the TIu5t's current working priority of supportlng the religious land partlcularly Christlanl ¢allin8 to reconclllation, peace-making and overcoming polarlsatlon. Revd Dr Allson Woollyi Seeds of Sllen¢e- Formatlon Support for Women Theology Stud•nts1É8625 In 2022-23, £8,180 In 2023-241 There is growln8 recognition of the impact of p05tgraduote research on personal and splrltual formatlon as well a5 intellectual development. Women sttsdents embarkin8 on doctoral courses in theology and ministry frequently encounter additlonal obstacles. Yel it most ¢a5e5, support for doctoral students mostly conslsts of research superv5slon, wlth little accompanylng pastoral and formational support. Thls project alms to Irlal such a process of holistlc support for women doctoral students in theo108y. working partlcularly wlth those based in the West Mldland5 reglon. Trust fundin8 ha5 covered time input into the development of the project by Alison Woolley, a practical theologian and experienced retreat leader. to cover one-to-ofte and peer group support, and a retreat. The results of the experlmental project will be written up in a relevant practlcal theology lournal wlth recommendatlons for how TEls and unlversity departrnents might offer greater levcl of hollstlc support to thelr doctoral students. Followin8 a successful trlèl perlod funded by a small 8rant from St Peter's Saltley Trust, furlhei fundin8 Wa5 agreed in 2022-23 to support a larger second phase of trialling. The project addres5e5 the Trust's objective of developing Chrlstlan learnlng and dlsclpleshlp and the new workin8 prlority of Falth Fcrrnatlon. Peter V?le and St Peter'$ ltI•V Trust: Falth In Blrmlngham Street Photolfaphy Prole¢t lsln8le 8rant of £IOOO In 2022- 231. Peter Vale Is an amateur street photographer based In Birmin8harn who has been engaged In a project to chronlcle expresslons of falth In the rltV'5 publlc spaces. Worklng with Trust dlrector lan Jones, and wlth addltlonal fundln8 from Westhlll Endowment, thi5 project will use Peterfs photographs as the centrepiece for two linked resources.. il a web-based RE resource with supportlng discusslon materials and learnin8 activitie5, and ill a portable exhlbitlon wlth Ilnked Interactive content, suitable for use in places of worship, Ioc31 libraries or museums. The project addresses the Trust's commitment to stren8theninB religious educatlon In schools. and the new working prlorlty of developing reli8ious1Steracv specifically In that the photograph5 illustrate how Ilar from being purely a private rnatterl. religious faith of all klnds has a public and civic manlfe5tation. In 2023-24, 3 small group of RE experts w35 assembled to help scope out the shape and focus of the RE resource and rnake an Initial selectlon of photos to use. Peter is continuing to take further phot05 of religions and theme5 not already covered in his existin8 portfol50. Writlng the accornpanying rnaterlal and developing the resource wlll take place ovew the second half 012024. St John's C of E Mlddle School, 8romsirove- Prayer Book Prole¢l151n8le grant of £490 Sn 2022-231. In summer term 2022-23 St John's undertook a whole-5chool project learning about and from prartices of prayer, and as part of thls wlshed to provide resources to pupils to strengthen partnership between school, home and church around this aspect of their church school ethos. As part of thi5. pupi15 learned about prayer and were supported to put together book of prayers written and Chosen by Ihemselve5, alon8 With practical guidance on different klnds of prayer. One of the key dlstlnclives of the projert wa5 the involvement of pupil prayer leaders as peer researchers inio thelr peer5, attitudes io prayer and Page 9
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THEYEAR ENDED31 MARCH 2024 aspirations, stru88les and needs around prayer. Trust fundin8 has enabled the printing of the book, which will be distrlbuted to the whole current s¢hool cohort and (for the next four years) new arrivals in year 5. The finished prayer book wa5 ready for printlng In April 2024. The project addresses the Trust's commitment to strengthenlng ¥ell8lOUS Iparticularly ChrI5tlanl education in schools, and the new workin8 priority objective of en8a8ing youn8er generations. BSL Blbl• Tran51atlon Project- I£IO,000 per year for 2 years, 2021-22, 2022-23}. The 8SL Bible translatlon project aims to produce the first full and acadernically grounded translation of the Bible into Britlsh Slgn Language, to enable religious and theological education and public worsh5p to become more fully ccessible for D/deaf people. Having begun its work with a translation of Mark's Gospel (now bein8 uploaded in Sections to the BSL 8ible project webslte - htt bslbible.or mar Trust fundlng is enabling the translation of the Book of Genesls and one further New Testament book- likely to be john's Gospel. Translation work is belng undertaken In partnershlp with Dldeaf Christians from the West Midlands reglon, who can be trained to lake part in translation workshops to discuss the best way lo translate different passagè5 and ideas. Trust funding 15 supportin8 these workshops, alongside the costs of interpreters and an experienced Bible scholar with expert15e In translation, In 2023-24, work has continued on the translation of Genesis, The 8SL Bible Project was featured In an eplsode of 8QC's see, Heor programrne In Decernber 2022.. htt www.bbc. new The project addre5se5 the Trust's commitment to Christlan lèarnlnÉ, dlscipleship and theological education, and to including marginalised groups lone ol the'ways of workin8, In Its new working priorities document). Dr Jeremy Kldwell IUnlvers5ty of 8lrmlnKhaml and Dr lan Jones (St Peterfs Saltley Tru5tl- RE'.Connect- Envlronment and Rellglou5 Educatlon1£7000p• for 2 year5, 2020-21 and 2021-221 The climate and nature cilsis is one ol the most seriou5 facing the world In the 21. Century. Humanity's treatment of the earth is a topic of fundamental Importance when seeklng to understand the beliefs. prac¢lces and behaviour of dlfferent religion5 and worldvlews- yet whllst Current RE syllabuses tend to permit some exploratlon of this, the topic Is not exten51vely taught or resourced. Thls project seeks to be8ln to redress thi5, A successful inau8ural fellowship programme ran in 2021-22 and as a result, further funding was secured from Culham St Gabriel's Trust to run a se¢ond Cohorl in 2023-24, with Saltley Trust director lan Jones co-leadlng the project with Or jeremy Kldwell. The second cohort is due to complete the Inltial programme In June 2024 at whlch current Fellows will present their draft, pllot- tested currlculum prolècts. A project website is due to launch in Spring 2024, containing Fellows. curriculum projects nd other re50urce5. The project addresses the Trust's core priority ol supporting religious education in Schools, and its current working prlorlty of strengthenin8 the religious land partlcularly Chr15tianl calling to envlronmenlal responslbllltv. Arthur Rank Centr•- eeyond Consumerlsm: From Food to Fork lone-off 8rant of £7670, •Br••d In 2019-20 to be8ln In 2021-221. The Arthur Rank Centre Is a Warwlckshlre-based natlonil Chrlstian organlsatlon provldin8 support, resources and traSnin8 to rural churches and cornmunlties. The Beyond Consumerism project 3irn5 to develop an accessible resource to help local churches exploie theological and ethical issue5 around the production. retail and consumption of foofl lan increasingly important issue both in term5 of the current crlsis of cllmate and biodiversity, and in tprms of the social and econornic wellbeing of rural communitlesl. Whllst numerous generlc resources on ethical food already exist, relatively lew attend speclflcally to theolo&i¢al per5pecllve5 on food and farmin8. Several resources have been produced, providing a number of levels of engagement in the subject matter. At introductory level a Sel Df Seasonal resources has been created, explorlng questlons of food and faith at Harvest, Ro8ation and Lamrnas. Following the succes5 01 ARC'S Rural Tolk dlscusslon startèr resource on rural isolation and loneliness, a second set of Ruml Tolk cards on thè ethlcs of food and consumption have been produced. A Lent course explo¥es the topics In greater Ilepth. The final element of the project. a Set of podcast style video convèrsations, 15 under development in 2024. The Trust director is supporting the creation of thi5 resource. This project addre55es the Trust's cDmrnitment to Christian learnSn& dlsclpleship and theological education and the new workinB priority of strengthening the Christlan vocation to environmental responsibilitylcare for the earth. Page 10
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 God and the Bl8 Banz-wofkshops for Schools1£S000 per year for 2 years. 2018-19. 2019-20. year 2 fundlngstlll belnÉ spent). God and the Blg Ban8 is an edutational programme aimed at helping school chlldren aged 10 to 18 explore the relationship between theology and science. and to form their own view5 on the compatibility of the two fields. Originallv created by the Diocese of Manchester and currently relocating to St john's College. Unlversity of Durham. It now or8anises schoo15 workshops across ihe country. Trust funding is enabling God and the Blg Bang to offer day workshops for schools wlthln the West Midlands region. Workshops feature keynote talks from professional scientists whts are also Christianity, interactive sessions for discussion and debate, and pr3rtical workshop5. Initially e(forts were focused on workshop days in Cathedrals and events were held in Lichfield and Coventry. However, the excluslve focus on cathedrals appeared to be Ilmlting the reach of the project, and so with Trustees. agreement the focus was widened to other church and school contexts a move which appears to have borne frult. The remainder of the grant is currentlv beSn8 Spent in this way. The project addresses the Trust's commitrnent to religion in school education. The dlrector has eontlnued to support the work of the West Mldlands Churches. Further Educailon Coyncll, notablv through his work as Hon. Sec, ol the Council and as an active participant in the Council's projects During 2023-24 this Included.. The developrnent of the Further Education Sunday and accompanyin8 resources Development of a small project on how churthes and colleges can partner in provldlngwork eXperIen opportuniiles for 16-19s. Exploring the best way to provide 5lructures of accounlabilily, supervislon and tralnln8 for FE chaplalns In the reBlon. Thls work addresses the Trust's commitment to strengthenlng the Chrlstlan presence In. and contrlbutlon to, the Further Educatlon secior. Durin8 2023-24 dlss•mlnatlon of the Trust's work has included.. Publication of Hlkaru., Nome abo All Nomes, a creative ietelllng of the bl8 Story of the Bible for young people bv John Prockter, emer8in8 from a set of schools workshops whlch recelved Trust fundin8 In 2020-21. Onllne and in- person launches have taken place thls year. A workshop on the RE.'Connect RE and Environment Teacher Fellow5hlp Prograrnme at the natlonal AE conference Strlctly RE 2014, in january 2024. The workshop was led byTrust dlrector lan Jones and two of cohDrt I's RE'.Connect Fellows, Zoe Higgins and Steph Chadwick. The contlnued publlcatlon of Challenglnq Rellqlous 155ues Journal for students of A-Level Rellglous Studles, and related sublects15t Mary's Centrelst Peter's Saltlcy Trust). The 2023 editlon Is avallable in English and Welsh at.. htt www.saltle us- fna Further Educutlon Chaplalncy and the Chutth- a report on research undertaken by Nl8el Robert5 on the needs of stafl and students In the Further Educatlon sector In the WM reglon avallable from www.saltl trust.or ubllcatSon A Trust exhibition stand and presentations on aspects ol the Trust's work at the Chrlstlan Resources Exhlbltlon Midlands, In October 2023. Networks: Trust representatlvÈs partlclpate in Resourcing Discipleship WM. the reBularBatherlng of denomlnatlonal lay tralnin8 officers re8ionally, in several reli8ious and theologlc31 education research seminars, in meetinBS of the Association of Church College Trusts, the Chrlstlan Funders, Forum and the Religlon and Worldvlew5 Education Funders Group. PLANS FOR FimiRE PERIOO The Trust wlll contlnue to develop its major focus on Strengthenlng Engagement In Local Christian Communitie5. The Trust director will also continue to support projects receiving funding from the Trust, and will be closely involved in several projects.. The collaborative action research project wlth Roehampton Unlverslty researcher5, focused on being and Erowlng as Christian dlscSples In 'edgy' or'mar8inal' places. Involvement in runnin8 a second cohort of the RE.'Connect RE and Environment Teacher Fellowshlp Programme. Page 11
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THEYEAR ENDED31 MARCH 2024 Participation in the core project tearn of the Religiou5 Literacy in Further Education project and the ICYM project on researchlng and developin8 Furthei Education chaplainry trainin8. Support for the work of the WM Churches, FE Councll, and particularly In the development of support and accountablllty Structure5 for FE chaplalns, efforts to Secure further funding for the West Mldlands FE Chaplaincy Ambassador post beyond May 2025, and the development of embryonic projects on spirituality and mental health., and on partnership5 between churches and FE institutions to provide work experience opportunitie5 for students. The development of RE and exhlbition resources as part of the Falth in BlrmlnÉharn street photO8raphy project. Supporting the launch ofllearning from the pilot fund for Reli8lon and Worldviews Education in Home School Education contexts, due to be opened in September 2024. Llnks wlll be malntalned and developed wlth other organlsatlons workln& In areas consonant with the Tru51'5 alms and obleclives. Page 12
ST PETER'S 5ALTLEY TRUST REPORT OF THE TRU5fEES FOR THE YEAR ENDED 31 MARCH 2024 Investment poMry and oblertlves Theo are no restrictbons on the trusvs PDwer to Invest. The Investment Income arisin8 on the endowment fund Is avallable to meet the trust's objects,. however, ttr endowment fund cannot be depleted by expenditure. The investment strategy Is controlle(I by the trustees In conjunction with CCLA Investment Mana8ernent Limited and the trustee5 consider the income reouiremenls, the rlsk profile and values. There are appropriate constraints on Inve5tment5 and exposure to actlvities considered unacceptable by the Church Df England's Ethical Investment Adv4sory Group and the CBF Funds Trustee. FINAIICIAL REVIÉW Financial revlew The trust has expended the sum total of É168,21012023- £IS9.8031 on CharItae actSvlty In pur5uli of Its otslects during the year. The IfU51 has contlnued its nnènclal. advlsory and development support of projecis In the field5 of religlous. further and adult theological education. During this year the trust has conlinyed to support a number of procts desigrted to support and develop learning p¢ovls¢on for thetsloBical education, local chur¢hlFE college partnership to promote widenlng partlcSpation and interfaith dialo8uelEeaching provislon as a conirlbuilon to the RE currlculuffl In schools A range of study pTo8ramrnes, $eminaf5 and papers hè¥e served to dissemlnate the pfolect work of the trust to a wldei audlence. The tfusree5 hove sanctloned io Jate the spendin8 of £51.921 durlng 2024-2S on grojectS together with £88,000 101 oiher chariiable artivlties and governance costs. Further project5 for thariiable support will be bdentified by the trLbStees on an annu41 basi5. The accounts on pa8es 15 10 2B present the flnanclal Informatlon ol the trusl In detall. The trustees report net expenditure belore movements Sn inveslment values fof the year totalled £14,64412023 £15,5421 and the Increase In the market value of investments for the year was £367.88412023- decrease £235.9291. Accofdlngly. the asset value ol the irust have Increased to ÉS,241,684. The market value ol Investments rellecied the perlormance ol ihe morkeis at the balance sheet dale. The trustees remaSn confident ihat market value movements will be positive on a long-term basis. INDEPENOEMf EXAMINERS A re501ution proposin8 that I W Hinks LLP be re-appointed as independent examiners of the charlty will be put lo th Annual General Meetin8. ON BEHALF OF THE 80ARD Dr P Kent Date.. 10 June 2024 Page 13
INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF ST PETER'S SALTLEYTRusr I report on the accounts for the year ended 31 March 2024 Sel out on pages fifteen to twenty-elght. Respectlve respons1bllit1 of trustees and examlner The charity'5 trustees are responsible for the preparatlon of the accounts. The Charity's trustees consider that an audit Is not required for thi5 year (under Section 144121 of the Charities Act 2011 Ithe 2011 Actll and that an independent examination is required. It Ss my respon51bllily to.. examine the accounts under Section 145 tsf the 2011 Act to follow the prtxedures laid down In the General Dlrectlons 8l¥en by the Charlty Commissbon lunder Section 14515llbl of the 2011 Act),. and to state whether partlcular matters have come to my attention. Basls of the Independent examlnerf5 r•port My exaffllnatlon was carried out in accordance wlth the General Directions given by the Charity Commlsslon. An examination includes a review of the accounting records kept by the charlty and a comparlson of the accounts presented with those records. It also includes consideration of any unusual Items or dlsclosures In the accounts, and seekSn8 explanations from you a5 trustees concernlng any such matters. The procedures undertaken do not provide all the evldence that would be required In an audit, and consequently no opinion is given as to whether the accounts present a'true and fair vlew, and the ieport Is limited to those matters set out In the statements below. Independent examlner's statement In connectSon wlth my examlnatlon, no matter has come to my attentlon: whlch 8ive5 me reasonable cause to belleve that, In any material respect, the requlrements to keep accounting records In accordance wlth Sectlon 130 of the 2011 Act,. and to prepare accounts whlch accord wlth the accountlng records and to comply with the accounting requirements of the 2011 Act have not been met,. or to which, In my oplnlon, attention should be dfawn in order to enable a proper understandlng of the accounts to be reached. P E Smiih ACA J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmlngham West Midlands B15 3BH Date.. 10 June 2024 Page 14
ST pER.5 SALTiEY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED31 MARCH 2024 2024 Total funds 2023 Total funds Unrestrlcted fund Restrlcted Fund Endowment Fund Notes INCOMEAND ENDOWMENTS FROM: Investment Income 148.506 148,506 147,561 Charltable activltles 10,625 17.969 10,069 Total Incomè and endowments 155.850 10,625 166.475 157,630 EXPENDITURE ON: Raising funds Charltabl• actlvltl•s Grants payable Support Costs Governance costs 82,363 73.751 12,909 10,M6 92,369 75,841 12.909 89,890 69,913 13,369 2,090 Total expendlture 169,023 10,006 2,090 181.119 173,172 NET {EXPENDITUREIIINCOME 113,1731 619 12,0901 114,6441 115,5421 Oth•r r¢w8nlsed ylns ILossesl18alns on investment a55ets 1,946 365,938 367.884 1235.9291 Net Movement in fund5 111,1271 619 363,848 353,240 1251,4711 Transfers tsetween Fund5 619 {6191 110.6081 363 353.240 1251,4711 RECONCILIATION OF FUNDS Total fvnds broutht foThvard 786,001 4,102,442 4,888.444 5,139,915 TOTAL FUNDS CARRIED FORWARD 775.394 4,466,290 5,241.684 4,888,444 All income and expendlture derive from continuing activities. Thè notes form part of these financial statements Page 15
ST PETER'S SALTLEYTRU5T BALANCE SHEET AT31 MARCH 2024 2023 Total funds Uthrestriued nd R•strlct•d Endowment Fund To¢al funds Notes FIXEO ASSErs Tangible assets Investmenis 12 13 54.332 4,411.958 4,466.290 54630 5,171,630 S,12b,260 $7,018 4,810,480 4.867,498 ?59.6?2 759.970 CUARENT ASSETS Oebtors Cash at bank and In hand 14 451 451 1249 28,695 19,146 .695 29.146 27,64S 29.894 CftEOITORS Amoun15 lallln8 due wllhin one year Is (J3,7211 113,7121 18,9481 IIEY CURRENT A55EfsiiLIA8iimESI 15,414 15N24 20,946 TOTAL ASSEWS LE55 CURRENT UABILITIES 775.394 4A66.290 5,141,604 4,888,444 NET ASSETS 775.394 4A66.290 5,241,6 4,888,444 FUNDS Unrestricted funds.. Restricted funds Endowment funds 16 775,394 786.002 4,466,290 4,102,442 TOTAL FUNDS 5.241,684 4,888.444 The financial statements were approved by ihe Board ol Trtsstees on 10 June 2024 and were slgned on its behalf bv.. Or P Kent PaRe 16
sr PETER'S SALTLEYTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordarbce with the Charities SORP IFRS 1021 'AccDuntlng and Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffective I january 20191,, Financial Reporting Standard 102 the Flnancial Reportin8 Standard applicable in the UK and Republic of Ireland. and the Charitiès Act 2011. The Financial Statements have been prepaied under thè historical cost conventlon with the exceptlon of Investments whSch are included at market value. The ¢harlty ha5 taken advanta8e of the followin8 disclosuie exemption In preparlng these flnancSal statements, as permitted by FRS 102 Yhe Financial Reportln8 Stsndard appllcable In the UK and Aepubllc of Ireland,: The lequirements of Sectlon 7 Statement of Cash Flow5. INCOME All incoming resources are Included on the Statement of Flnanclal Actlvltle5 when the trust15 legally entltled to the Income and the amount can be quantified wlth reasonable accuracy. For leBacle5, entltlernent is the earller of the tru51 belnB notlfled of an Impendin8 distrlbution or the legacy belng re¢elved. EXPENDtruRE Expendlture 15 accounted for on an accrua15 basls and has been classified under headin85 that a68regate all cost felated to the cate80ry. Where costs cannoi be directly attrlbuted to particular headln8S they have been allocated to activities on a basls conslstent wlth the use of resources. Support costs ale those costs Incurred dlrectly in support of expendSture on the objec15 of the trust and Include project mana&ement carried out at headquarters. Governance costs are those Incurred In connectlon wlth administratlon of the trust and compliance wlth onstitutlonal and stalulory requirement5. Grants offered subject to condltions whlch have not been met at ihe year end date are noted as a commltment but not accrued as expenditure. TANG18LE FIXED ASSETS Depreciatlon is provlded on all tanglble fixed assets at rates calculated to wrlte off the cost on 3 str318hl Ilne basls over their expected useful economlc lives as follows. Freehold land Freehold buildin8s Project and offlce equlpment over 50 years over 4 years Tangible fixed 35setS ¢OStin8 more than £1,000 are capitalised and included at C05t includin8 any incidental expenses of acqui51tion. TAXATION The charity is exempt from tax on its chaiitable activities Page 17
ST PEfER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED31 MARCH 2023 ACCOUNTING POUCIES-contlnued FUND ACCOUNTING General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the 8enefal objectives of the trust and which have not been desl8nated for other purposes. Designated funds comprlse unrestrfcted funds that have been set aslde by the trustees for particular purposes. The alm and use of each designated fund is set out in the notes to the financial statements. Restrlcted funds can only be used for partlcular restrlcted purposes withln the oblects of the trust. Re5triction5 arise when specified by the donor or when fvnds are ra15ed for particular restrlcted purposes. Endowment funds represent those assets whlch must be held permanenlly by the trust, prlnclpally Investments. Income arising on the endowment funds can be used In accordance wlth the oblects of the trust and is Included as unrestricted income, Any capital gains or losses arising on the Investments form part of the fund and Investment manaBement charges and legal advlce relatln8 to the fund are char8ed a8alnst the fund. Investment income and gains are allocated to the appropriate fund. Further explanatlon of the nature and purpose of eath fund Is Ineluded In the notes to the financlal statements. PENSION COSTS AND OTHER POST-REfiREME14T BENEFIT5 The trust operates a defined contrlbutlon scheme. Contrlbutions are charged to the Statement of Financlal Actlvltles as they become payable. INVESTMENTS Investments are slated at market value at the balance Sheet date. The Statement of Flnancial Artlvltles Includes the net 8aSns and losses arisln8 on the revaluatlon and disposal of Investments throughout the year. INCOME FROM INVESTMENTS 2024 2023 Quoted flxed a55el Snvestments 148.506 147,561 CHARITA8LE ACTIVrnES INCOME 2024 2023 Rental income Evaluation income Other Income Grants receivèd -Restricted 4,905 2,361 4,800 269 10.625 5,0)0 17,969 lQ,069 Page 18
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THEYEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANaALAcfiviTIES Unrestricted fund Restrkted Fund Endowment Fund 2023 Total funds INCOMEAND ENDOWMENTS FAOM: Investment Income 147,561 147.561 Charltable actlvllies 5.069 10.069 Tot1 Income and endowments 152,630 s.000 157,630 EXPENDITURE ON.. Ralsing funds ChJrltsble a¢tlvltles Grants payable Support cost5 Governance costs 80,839 67,823 13,369 9,051 89,890 69,913 13,369 2,0 Total expendlture 162,031 9.051 2,090 173,172 NET INCOMVEXPENDITURE 19,4011 14.0511 12,0901 115,5421 Other re¢oBn15ed ylns Galnslllossesl on Investment assets 186.8691 1149,1)601 1235,9291 Net Movement In funds {96.270} 14.0511 {151,1501 1251A711 Transfer between Fund5 14,0511 4,051 1100.3211 1151.1501 1251,4711 RECONCIIIATION OF FUNDS Total funds broulht lonvard 886,323 4,253,592 5.139.915 TOTAL FUNOS CARRIED FORWAAD 786.002 4,102N42 4888.444 Page 19
ST PETER'S SALTLEY TRusr NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THEYEARENDED31 MARCH 20Z4 ANALYSIS OF EXPENDITURE OP4 CHARITABLE ACTIVMES 2024 2023 Grants payable Support Costs Governance 92,369 75A41 12.W9 89,890 69.913 13,369 181,119 173,172 £2,090 12023- £2,090) of the above costs were attributable to endowment5 funds. £10.006 12023 £9,051) of the above costs were attributable to restrlcted funds. £169,023 12023- £162,031) of the above costs were attributable to unrestrlcted funds. Page 20
ST PETER'S SALTLEYTRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF GRANTS 2024 2023 Prolert costs Innervatlon Tru5t- iSingPop schools project ECCR- West Midlands Champions Training Event GAP Entertainmènt C.l.C.- The Platform Project University of Birmingham and St Peters Saltley Trust- RE.. Connect Envlronment and Rellgiou5 Educatlon Professor Stephen Parker Iunlversity of Worcesterl- A New Teacher for a New Subject Kingdom at Work project- Trainin8 event Sandwell Churches. Llnk- Openlng New Doors Footsteps IBlrmln8ham Councll of Faithsl - Small Footsteps Initlatlve The Feast- Transforming Dialogue Hub Reli8ion Media Centre.. Flve Cltles Prolect West Midlands Reglonal FE Chaplaln¢y Ambassador- Extenslon fundlng Harbury CofE School Parable of the Sower Willow Prolect Aevd Dr Ali50n Woolley/Seeds of Silence- Fofmation Support for Women Theolo8y Students Aoehamptlon University - Learnlng frorn the Edges Dr Paul-Francols Tremlett (Open Unlversityl - Rellglous Llteracy In FE Brltish Slgn Language Bible Translatlon Project Frontier Youth Trust- Youth Work with LGBTQ+ Conference St john's C ol E Mlddle School, Broms8Tove- Prayer Book Prolect Student Chrlstlan Movement- Dlsclpleshlp Care Packages St Peters, Saltley Trust- Publication of Vocation and Callin8 project report Revd Dr Sally Nash- Standard5 for Chaplaincy wlth Chlldren and Young People Love Black Country- Youth Workshops at Black Couniiy Together Fe5tlval RE Today- West Midlands Regional RE Hub Resolve- Developin8 Training for Pastoral Supervlslon in Educational Settin8S Culham St Gabrlel's All Saints and St Peter'5 Saltley Trust with the social Innovatlon Partnershlp.. Co- De5i8nin8 a Participatory Fund around Religlous Education Birmin8ham Chrlstian College- Developin8 Creatlon Care Resources for Pentecostal and Charismatic Churches The Institute for Youth and Mission liCYMI.' The Furthèr Educatlon Chaplain.. Under5tandinB the Field and Supporting Practice Saltmlne Trust- The Dudley Passion Plav Local Chrlstian Cornmunities- Pod castlng Equipment Dou8 Chaplin and St Peter's Saltley Trust- Consultation on Needs in Christian LearninÉ and Di5ciple5hip Sue Iqbal and St Peterfs Saltley Trust Consultatlon on Christian in Public Leadership 9,600 500 9.960 15,9371 2,651 4,719 4,719 7SO lo,0 15.000 8,500 10,006 9,051 1,000 6,135 20,442 8,625 20,067 5.000 5,000 490 888 2,689 900 1,000 7.600 3,725 5.000 2AOO 4.937 1,000 418 544 92.369 89,890 Page 21
ST PETER'S SALTLEY TRusr NOTES TO THE FINANCIAL STATEMEMfs- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS 2024 2023 Wa8e5 Pensions Stationery, postage and phone Subs¢rSptlons and training Travellin8 and conference expenses Repairs and renewals Rates and water Insurance Mana8ement charBes Ll8ht and heat Depreciallon of tan8lble flxed assets Irestrlcted £2,0) Sundrle3 48.765 8.120 3,301 962 2,266 $33 2,340 Z,041 1.013 2.288 2,388 1,824 46,449 7,733 2,392 1,960 517 742 2,052 1,872 950 912 2,388 1,946 75,841 69,913 GOVERNANCE COSTS 2024 2023 Administrative salarles Pension premlum5 Penslon p8ld to former employee Accountancy fees 9.587 427 8,249 407 2,013 2,70J U95 12,909 13,369 NET INCOMEIIEXPENDITUREI FOR THE YEAR Net Income Ilexpendlturel Is stated after char8lndlcredltln81: 2014 2023 Depreciation of tanglble flxed asseis IproflillLoss on fair value movement of Investments 2.090 253,929 1367,8841 io. TRUSTEES, REMUNERATION AND BENEFrrs There were no Irustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES Durin8 the year, the trustees received £12012023 - £1501. The trustees have purchased indemn¢ty insurance PaBe 22
ST PETER'S SALTLEYTRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ii. STAFF COSTS AND EMPLOYEE BENEFIT5 Staff cost5 (Trust and Projertl 2024 2023 Salaries Social security costs Pènslon pald to former employee Pension premiums 68,811 1.117 64,653 1,070 2,013 5,885 7fj,112 73,621 No employee recelved £60,000 or more per annum In elther year. Number Number Avera8e number of employee5 All employee tlme Is involved in providln8 elther support to the governance of the charlty or support servlces to charltsble actlvltles. 12. TANGIBLE FIXED ASSETS Freehold Flxtures and propertv fltlln8S Totsls COST At l Apr512023 Additlons in year Dlsposals In year 104.492 2A93 106.985 At 31 March 2024 104.492 2A93 106.985 DEPRECIATION At l April 2023 Oi5posals in year CharBe for year 48,070 1,897 49,967 2,090 At 31 March 2024 50,160 2,195 513SS NET BOOK VALUE Al 31 March 2024 S4,332 298 54,650 At 31 March 2023 56,422 596 57.018 The c1051ng net book value represents flxed assets used for the mana8emeni and administratiorb of the trust. Freehold property is registered in the name of the Official Custodlan for Charities. Page 23
ST PETER'S SALTLEYTRusr NOTES TO THE FINANCIAL STATEMENTS- C014TINUED FOR THE YEAR ENOED 31 MARCH 2024 13. FIXED ASSET INVESTMENTS 2024 2023 CCLA Investrnents Cash deposits 5.130,236 41,394 4,762,352 48,128 5.171,630 4,810,480 Usted Investment5 Un115ted Investments Tota15 MARKET VALUE At l April 2023 Change In market value 4,762,351 367.884 4,762,352 367,884 At 31 March 2024 5,130,235 5,130,236 NET BOOKVALUE At 31 March 2024 5,130.235 5.130.236 At 31 March 2023 4,762.351 4,762,352 There were no investment assets outslde of the UK. Investments Inelther listed nor unllstedl were as follows- 2024 2023 Cash deposits- Capital account Cash deposlts- Accumulation account 35,9Z2 5,472 32,199 15.929 41,394 48,128 ANALYSIS OF INVESTMENTS Unrestrlcied Funds Endowment fund5 2024 2023 UK quoted investments Other UK investments Cash dep051ts 718278 4NII,957 5,130,235 4,762,351 41.394 41,394 48,128 759.672 4AII.958 5.171.360 4,810,480 Page 24
PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED31 MARCH 2024 iy. FIXED ASSET INVESTMENTS- contlnued UK uoted investments Market value brought forward Net Investment Ilossesl/gains 716,332 4,1)46,019 4.762.351 4,998,280 1,946 5,938 367,884 1235,9291 Market value carrled forward 718.278 4NII,957 5,130,235 4,762,351 Historlcal cost (UK quoted) 519.603 2.062,514 2,582,117 2,582,117 ANALYSIS OF INVESTMENT INCOME Unr•strkt¢d fund5 Endowment fund5 Total 20Z3 Total 2023 Investment Income Dividends receivable from equlty shares 148,506 148A06 147,530 Inlerest recelvable 31 148,506 148,506 147,561 14. DEBTORS: AMOU14TS FAWNG DUE WITHIN ONE YEAR 2024 2023 Other debtors 451 2,249 15. CREDITORS: AMOUNTS FALLING DUE WITHif4 014E YEAR 2024 2023 Trade creditors Other creditors Deferred Income Y,532 9,990 200 3,423 5,325 200 13.722 8,948 Page 25
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS. CONTINUED FOR THEYEAR ENDED 31 MARCH 2024 16. MOVEMENTIN FUNDS Net movément in fund5 At 1.4.23 At 31.3.24 Unrestrl¢tod funds General fund Desi General Projects West Mldlands Reglonal FE Chaplalncy Developrnent 749,283 7,066 756,349 36.719 117,6741 19,045 Restrlcted fund West Mldlands Re81onal FE Chaplalncy Development Endowment funds Endowment fund 4.102.442 363.848 4066,290 TOTAL FUNDS 4,888.444 353,240 5,241,684 Net movement In funds, included In the above are a5 follows,. Transfers between funds Incornln8 resour<es Resources expended Galns &1055es Movement In lund5 Unre$trlrted lunds Genèral fund General Projects West Midland ReBlonal FE Chaplaincy Development 155.850 1169,0231 18,293 117,6741 117.6741 Restrlcted funds West Midlands Regional FE Chaplalncy Development 10,625 {10,006) 16191 Endowment funds Endowment fund 12,0901 365,938 36348 TOTAL FUNDS 166,475 1181,119 367,884 353.240 Page 26
ST PEfER'S SALTLEY TRusr NOTESTOTHE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS <ontinued Flnanclal year to 31 March 2023 movam•nt In funds Net movement In lunds At 1.4.22 At 31.3.23 Unrestrlcted lund5 General fund DESI General Projects West Midlands Re8lonil FE Chaplalnry Development 836,122 186,8391 749.283 47,201 110,4821 13.0001 36,719 Restrlrted fund West Midlands Regional FE Chaplalnry Development Endowment funds Endowment fund 4,253.592 iisi.lsoi 4.102A42 TOTAL FUNDS 5.139.915 1251,4711 4,888044 Net mernent In fund5, Included In the above are as follows: Tran5fer5 between funds Incomlng resourc•s Resource5 expended fjalns & losses Movement In funds Unrestrl¢ted funds General fund General Projects West Midland Fleglonal FE Chaplain¢y Oevelopment 152.630 11610311 9031 110.4821 IB6,8691 186,8391 IION821 13,0001 13,0001 Restrlcted funds West Mldland5 Reglonal FE Chaplaincy Development 19,051) 4,051 Endowment lunds Endowment fund 12,0901 {1490601 1151,1501 TOTAL FUNDS 157.630 1173.1721 1235,929 251.4711 Purpose of UnreJtrScted Fund5 eneral fund This fund represents those funds which the trustees are free to use In accordance wlth the trust's chaTitable objective5. Desi nated f This fund represents those fund5 that have been commltted towards future prole¢ts subject to certain criteria being met by the recipient. Page 27
ST PETER'S SALTLEYTRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THEYEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS-contlnued Restricted fund- West Midlands Re ional FE Cha Develo men This project aims to develop new further education Chaplaincles some of the 40 or $0 FE and Sixth Form college5 in the West Midlands region and strengthen existinB chaplaincies who might in turn support college5 in developlng provlsion for SMSC development lor students and resourcin8 colleges in matters of religious literacv and Community cohÈ%itsn. It is beinB funded in partnership with the Anglican Dioceses of Coventry and Lichfield, the Heart ot En8land Baptist Association, and the West Mldlands Syno¢J of the Unlted Reformed Church. Endowment fund The endowment fund represents those assels which mu51 be held permanently by the trust, principally Investments. Income arlsing frorn the endowment fund can be used In accordance wlth the objects of the trust and Is Included a5 unrestrlcted income. Any capital Bains or losse5 arising on the Investments form part of the fund. Investment management charges and le8al advlce relalSng lo the fund afe char8ed a8ains¢ the fund. 17. PENSION COMMITMENTS Slnce March 2C4J7 the tru5tee5 have had a comrnltment to provlde a penslon In perpetulty to a former employee. Thi5 pension, In the sum of approximately £5.400 per annum, is pald monthly from exlstin8 funds. Thi5 payment ased on the 31 july 2022 due ¢0 the death of the ltsrmer employee. OTHER FINANCIAL COMMITMENTS At the year end the tfust had the followlng commltments. Charltable The charitable commltment to prolects Is declded by the trustees on an annual basls. At l Aprll 2024, approxlmately £82,286 had already been sanctioned for prolect work over the next three years. 19. RELATED PARTY DISCLOSURES On occaslon. grants are made by the St Peterfs Saltley Trust to orBani5atlons In which the trustees or partles related to the trustee5 of the Sl Peter'5 Saltley Trust have an interest. In these instances those trustee5 are excluded from the 8rant decision makinB pro55. zo. iILTIMATE CONTROLUNG PARTY The trust15 ¢0ntrolled by the rwstees as listed In the Report of the Trust Page 28