REGISTERED CHARITY 14UM8£R: 528915 REPORT OF THE TRUSTEES AND UNAUDITED FINANOAi STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S FOR ST PETER'S SALTLEY TRUST J W Hinks LLP Chartered Acc(Yuntants 19 Hlghfleld Road Edgba5ton Birmingham West Midlands B15 3BH
ST PETER'S SALTLEY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR ThE YEAR ENOED 31 MARCH 2025 Page Ito12 Report of the Trustèes Independent Examiner's Report Statement of Flnanclal Actlvltles 14 Balance Sheet 15 Note5 to the Flnanclal Statements 16to27
ST pER,5 SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thèir annual report and the flnancial staternents for the year ended 31 March 2025. The trustees have adopted the provision5 of Accountin8 and Reporting by Charitie5.' Statement of Recornmended Practice appllcable to chafitles preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191. REFERENCE AND ADMINISTRATIVE DEfAILS Reglstered Charity number 528915 Prlncipal address Grays Court 3 Nursery Road Ed8ba5ton Birrnin8harn B15 3JX EM-Offlclo Patron5 The Bishop of Birmingharn The Bbshop of Coventry The Bishop of Hereford The Blshop of Llchfield The Blshop of Worcester Trustees Nomlnatlve Dr P Kent (Chalrl Mr M Harrln8ton Dr J Ipgrave Revd Dr R Latham Revd Canon Dr R M Pryce Mr A Wlld Co-OPtatlve Mr M Hastllow Ms l Jenkin5 Admlnlstratfv• Dlredor Dr l Jones Bursar Ms L Y Hayes-lames Independent •xamlMr J W Hink5 LLP Chartered Accountants 19 HighfSeld Road Edgbaston Birmin8ham BIS 3BH Page I
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR ThE YEAR ENOED 31 MARCH 2025 Bankers TSB Bank plc Long Acre BirTnin8ham Branch 79 Long A¢re Blrmingham B7 5J8 Sollcltors Martineau johnson St Phllips House St Phllips Place 8irmin8ham 83 2PP Investment Mana8ers CCLA Investment Management Llmlted One An8el Lane London EC4R 3AB STRucfuRE, GOVERNANCE AND MANAGEMENT GovernlnK do¢um•nl The trust 15 a regls¢ered charlty Icharlty number 5289151 and15 admlnlstered under scheme rules dated 26 June 1980. Re¢rultment and appolntment of new tru5t••s As Set oul In the charity's 5cherne rules, new trustees are appolnted by the board of trustees after applylng to the trust In the form requbred by the trustees and after being approved by the board of trustees. Co-optatlve trustees are identlfled from persons In the reglon who are well-respected and competent in tsne or more of the trust's objectlve fields and are nomlnated and elected to office by the board 8t the Annual General Meetlng. All trustees 8lvetheir ilme voluntarily and receive no benefits from the charSty. Any expenses reclaimed frorn the charlty are set out In the notes to thè financlal statements. Indu¢tlon and traSnln8 of new trustees New Irustees receivè a full copy of the trust deed, relevant documentatlon on trustee responslbillties from the Charlty Commis51on, a trus1 strategy and policy paper and the most recent set of mlnutes. New trustees are inducted into the detall of the day-to-day mana8ement and working of the trust by the trust's admlnlstratlve director. Organlsatlonal strudure The charity is run by a board of trustees who are responsible for the overall strategic management of the organi5atlon. Day-to4ay management responsibilltles are delegated to the admin15trative director. The body of Trustees consists of six Nominative Trustee5 (five nominated by the diocesan bishops of the region lone trustee per dloce5e, and one of whom Is the Nomlnee of the St Pelerf5 College Old Students, A55EKiationl.. four Co- optatlveTrustees, of whtsm at least three are lay persons. Co-optative Tru5tee5 are identified frorn persons in the region well-rÈspected and competent in one of more of the Tmst's objectlve field5, and are nominated and elected to office by the Board. Page 2
sr PEfER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Company and charity law requires the trustee5 to prepare financial statements for each financial year which 8ive a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that perlod. In preparin those financial statements, the trustee5 have.. selected sultable accounting policies and then applied them consistently,. made judgements and estimates that are reasonable and prudent,. Stated whether applicable accountlng standards have been followed, subject to any material departures disclosed and explained in the flnancial statements., and prepared the finantial statements on the 8olng concern basls. The trustees have overall responsibility for ensurin8 that the charlty has appropriate systems of controls, flnancial ahd otherwise. They are also responsible for keeplng proper accouniing records which di5cltsse with reasonable accuracy at any time the financia5 posltion of the charity and enable them to ensure that the financlal statements comply with the Companles Acr 1985. They are also responsible for safe8uardinB the assets of the charity and hence for iaklng reasonable Steps for the preventlon and detectlon of fraud and other irregularities. Wlder network The trust Is affiliated to thè Association of Church College Trusts and representatives of the trusi attend the twlce-yearly meetlngs of the Assoclatlon, enablin8 the sharing of Information and good practice with SilIar trusts. The Trust Is a150 a member of the Christian Funders, Forum. Rlsk management The trustees have a duty to Identify and revlew the risks to whlch the charity 15 exposed and to ensure approprlate controls are In place ¢0 provlde Teasonable a5suran¢e a8alnst fraud and error. The trustees have examined the malor strategic, Investment and operational r15ks which the charity faces and conflrm that SYStem5 have been establlshed to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. Work continues to be undertaken to ensure compliance with GDPR regulations. oBJEIVEs AND ACTIVITIES Oblectlve5 and a¢tlvltles lor the Publlc Ben•fft oses and a ms The charity is established to advance education and religion within Its area of benefit, i.e. the region comprising the dloceses of Worcester, Hefeford, Llchfleld, BlrminBham and Coventry. Ensurin urw Ilvers our aim We review our aim5, objectives and activities each year. This review 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 activity and the benefits they have brought to those group5 of peeple we are set up to help. The review also helps us to ensure that our alm, objectSves and activities remalned focused on our stated purpose5. We have referred to the guidan¢e contained in the Charity Commission'5 general guldance on public benefit whèn reviewin8 our alms and objedivès and in plannin8 our future activities. In particular. the trustees conslder how planned activitie5 will contribute to the aims ènd objectives they have set. The focus of our work The Trust's work focuse5 on three prlncipal areas- a. The development of Christian dscipleship b. The strengthening of the Christian presence in, and contribution to. the further educatlon sector ¢. The development of rèligion in school education. broadly understood Page 3
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDE031 MARCH 2025 The followin8 policies continue to shape the trust's approach to its principal objectives.. To engage in action-research and development through locally-based projects in the deslgnated fields of interest of St Peter's Saiiley Trust. To provide resources and training to students, practitionèrs and other5 workin8 in the same fields. To provide ttpporturtities for the dis5eminatlon of learning through seminar5 and publications. To maintain links with institutions and 8roups working in related fields regionally and natlonallv. iv. Four kinds of grants are avallable.. Major Projects (large grants for major project5 Involving a slgnificant degree of partnership between the Trust and one or more other organisations. These would be lirnlted to 1-2 such projects per year). Medlum-sized Projects (grants between El,OOQ and c, £15,OCq) per year per project, wlth varyln8 levels of partnershlp worklng antlclpatedl. Consolidatlon and Development (exceptional extenslon fundlng where a prevlous Trust-funded project has clearly borne frult andlor there 15 a clear need for further fundlng in order to make a prolect SUStainablel. Small Grants la discrete fund of £5,)0 per year, offerin8 UP to 10 grant5 of ¢. £500 each and no more than £I,OOL)- for smaller, one-off pioiect5 undertaken by individual schools. coSlege5, churches 01 organlsationsl. Iv. Since 2022 the Trust 15 pur5uln8 the fuillowing medlum-term worklng and fundlng prlorltie5. PriorSty areas for fundlng wlthin the Trust's broad parameters outlined above are- Rell8ious Ilteracv Faith formation The rell8lou5 land particularly Christian) calllng to. Environmental responsibllilylcare for creatlon Peace-maklng, reconciliation and overcomlng polarizatlon o Racial justice, equlty and inclusion The full workin8 prlorlties document is avallable at.. h tf wh t-we-su Al thelr meetin8 on 23 November 2023, trustees commltted to a further workln8 and fvndlng pfiorlty.. strengthenSnB en8agement wlth local Christian communities. Trustees agreed to ring-lence one thlrd tsf the Trust's annual budgeted expenditurè rtrn grant fundln8 for prolects beln8 developed by Individual local Churches, schools, college5 or falth organisations, or small local partnerships thereof. The Trust wlll also seek to develop in partnership wlth others a 5Ulte of prolects with a primary focus on nurturing learnin8 about and from Chrlstianlty and Christlan disclpleship development at local level. Grant-mak5ni The trust invite5 applications for grant5 from Individua15, groups and organ15atlons wlthln its area of benefit, l.e. the reglon covered by the dioceses of Worcester, Hereford, Lichfield, Birmingham and Coverttry. Applicants submit an outline of thelr prop05als, with costlngs, flrst for conslderatlon by the trust's Advi50ry Cotsncil Icomposed of around six individua15 including two trustees wlth expertise in one or more of the trust's areas of niefestl and then by ihe trustees at their thrice-yearly meetin85. Consultanty: Saltley Research and Evaluatlon Since July 2016 thè Trust has run a tradlng actlvity withln the charity, Saltley Research and Evaluation ISREI. This wa5 developed in re5pon5e to the Trusvs 8rowing reputation in faith-based research work and In response to a growin8 number of requests to evaluate projects. Unlike the Trust's charitable activity, whi¢h Is Ilmited to the region covered by the dioceses of Birmingham. Coventry, Hereford, Lichfield and Worcester. research ctsmmissions can be accepted nationally, within the scope of the Trusvs three main areas of Interest. Decislons orh tendering for research and evaluation wgrk are taken in consultation with the TTU5t's Advlsory Council. Page 4
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In 2024-25 Saltley Research and Evaluation ha5 worked on two paid commlssions: A three year evaluation of the 'AII God's People, initiative at St Chad's and St Mafk'5 Church Wolverhampton, designed to learn about creating an intercultural and multi<ultural worshipping communily In a highly diverse area (begun Spring 20231. A three year evaluation of the Birmingham Faith Clirnate Actlon Project, almed at encouraging grass-root5 faith- based environmental projects acr055 the city (begun Spring 20241. In March 2025 3 small contract wa5 also agreed to provide fixed-term facilitation support in connection wlth the development of a new Rural Mission Area In the Diocese of Worcesier. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles How our actlvltles deliver publlc beneflt In setting our oblectives and plannin8 our activities the trustees have given Careful con51deratlon lo the Charltv Commls5ion's general guidance on publlc beneflt. Durin8 the year ended 31 March 2025 the trust has continued to provide support lelthèr through grant-funding staff tlme or both) for fourteen ongoin8 projects, extenslon funding for one project previously recelvlng grants, and offered SUPPOrt to four new initlatlves. Progress on these projects and Snformation on their public benefit is outlined below, prolect by prolect.. Newly-Allocated FundlnB Durlng the year fundln8 was allocated as follows. Medlum Grant Fundln8 was 8lven to.. Re¥d Dr Gale Rlchards IRegents Park Colleie, Oxford). 8lrmln8h•m Baptlst5 Explorlnl thelr 81ack Hlstory1£13,334 In 202ty25, £13,336 In 2025-261.Thi5 project seeks to help multi-cultural Baptist churches across the BiTrnln8ham area to research, learn from and celebrate the pioneerlnB contrlbutlons made io their life and ministry by the first African. Caribbean and other Global Majority Herita8e members, èlders and pastors wlthln their con8re8ational hlstorles. Over two years, èxperienced theoloBian and research Revd Dr Gale Richards will WOTk with approxlmately seven con8reBations to d15cover and narrate thls early hlstory, Supporting church members to become co-researchers and to create interattive exhibltions celebratin8 thls herltage. Ins18hts and learnlng from the project will be shared more wldely with other churche5 in the reglon and beyond. As an academic historian by tralnin8, the Trust director will also support thè work of the project. The project addresses the Trust's priority for the development of Christian dlsclpleshlplsince the project wlll lead to learnin8 and reflection about the £hur¢hes' historic and current ministryl, and speclflcally the current worklng prlorlty ol strengthening the Christlan contribution to raclal justice, equlty and inclusion. Trust lunding will cover the researeh and salary costs of Ehe project, whilst match fundln8 from the Heart of England Baptist Association and Regents Park College will cover the exhibitionslproject outputs. Ju5tLo¥eUK- Conference and West Mldlands Hub Laun¢h1£4,925 in 202$25. of whlch £2,462.50 was spent). JustLoveUK 15 a national Christian organi5ation working with 5tudenrs and young adults to live lives of justice and soclal holiness and thus make a fruitfvl contribution to Society. In autumn 2024. lustLoveUK's nattonal conference took place in Birmingham wlth a focu5 on Christlan discipleship in relation to the realms of politics and publlc Ilfe Ithe event was non-partisanlnon-party political irn nature, but sought to encourage young Christians to take an active interèst in polltics and citizenship and to develop PTacti¢al inltlatlves to address contemporary social challenges and injustice51. The tonference wa5 attended by 140 people, almost all students and young adults In their twenties. Out of the event, a new West Midlands region hub was launched, to act a5 3 catalyst for ongoing actlon and networklng by local members. The project addresses the Trust's objective of developin8 Christian discipleship and its current worklng priority of 5UPPOrtingthe Christian contributlon to posliive social transformation Imany lust Love member5 are involved in projects with a focus on environmental responsibility. raclal justice and reconclling communities, amongst other51. Trust funding helped cover venue and speaker costs $0 35 to reduce the overall cost of attendance. and bursary costs io allow participants on lower incomes to attend. Page 5
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 St James the Great Church. Clayton INewca5tle-under-Lyme}IRevd Drjulia Babb- Statlon5 of the Resurrertion Project £ 2098.75 in 202ty25 and £ 6475.00 in 2025.26. Whilst 'Station5 of the Cross, are a familiar sight in many churches, a series of 'Stations of the Resurrectlon, is much less common. In thi5 imaginatlve project, the clergy and congregation of St James, Clayton are working with local communitv 8roups beyond the church to explore what Élves people hope and rnew life, and how this links to the Christian story of the resurrection ol jesus. Throu@h the series of conversations Iwhich have taken place over the f1rst third 0120251, vicar Revd Dr julia 83bb and acclaimed local artist lan Mood have facilitated these groups to create a serles of images which depict andlor evoke aspect5 of the resurrection story. Artwork by the groups will become part of a touring exhbbitlon, whilst the images wlll be reimagined into permanent 'stations' by the artist, to be displayed in the church building to mark lis 60, anniversary. The project addresses the Tru5t'5 obje¢tlve of developlng Christian disciplèship since it provides an opportunity for local church members and other communily members to learn together about a central aspect of the Christian story. It also contribute5 to the strengthenin8 of the local Christian community In line wlth the TrusV5 new work stream. Small Gmntfvndlnq wps given to.. Andrew Claytonlst Matthew's Walsall- 48 Hours In JeNsalem1£520 In 202ty2SI. 48 Hour5 In Jerusalem Is a new oratorio written by Andrew Clayton, director ol music for St Matthew'5 Walsall, and performed for the first time with a community cast at Easter 2025. The produ¢tlon Is an imaginative exploration of the period between Jesus, death on Good Friday and resurrectlon on Easter Sunday, and Invltes participants and audiencè rnembers to reflect on rhe experience ol Ilvlng 'in between tlmes., as well a5 provldlng a new comp051tlon for other Churches to use focusbng upon a perlod which otherwlse receives comparatively little atientlon in Chrlsiian art and education. Trust funding provided support for Andrew Clayton and Sue Parkèr-Hallcroft to create and stage the plece, along wlth a cast and choru5 of twelve. The project addresses the Tru5t'5 pflorlty of supportlng local church initiatives wlthin the overall priority lor developin8 Christian di5cipleshlp. Consolldatlon/Development Fundlnq wos qlven to.. Revd Or Allson Woolley Seeds of Sllence- Formatlon Suppori for Women Theolo8y Students1£6N20 In 202251 There is growing recognition of the Impact of postgraduate research on personal and spiritual formatlon as well as Intellectual development. Women students embarkin8 on doctoral coursès In theology and minlstry frequently encounter additlonal obstacles. Yet in most cases, 5UPPOrt for doctoral students mostly consists of research supervbslon. wlth Ilttle accompanylng pastoral and formational support. This project aims to trial such a proces5 01 hollstic support lor women doctoral students In theology, worklng partlcularly with those based In the West Midlands re8ign. Trust fundin8 has covered time input Into the development of the project by Alison Woolley, a practlcal theolo8San and experienced reireat leader, to cover one-to-one and peer group 5UPPOrt, and a retreat. The results of the experimental project will be wrltten up in a relevant pra¢tlcal theology lournal wlth recommendatlons for how TEls and universlty department5 might offer a greater level of holistlc support to thelr doctoral students. Followlng good results from an initial pilot and the first two years of the main project. further funding was agreed to support a third and final year of doctoral supervlsion support. Durlng thls year Revd Dr Alison Woolley is ronsolidatlng the learninglrom the project and sharing this ihrou8h stren8lhened 11nks wlth two participating instilution5: the Unlversity of Birmlngham and the Queen's Foundation for Ecumenical Theologlcal Education. The project addresses the Trust's objective of developing Chrisilan learnin8 and di5¢ipleship and the new working priorlty of Falth Formation. In addition, the Trust has started to disburse a number of small grant5 of up fo £500 per church through the pilot of a 'Talents Fund, with Anglican parishe5 in deprlved comrnunitles within the WM reglon Ithis money was originally earmarked in the 2023-24 financial year but not spent). Two small grants for parish learning and di5cipleshlp projects, have bèen awarded, to.. St Paul's Foleshlll (Diocese of Coventry) for thelr'sunday School for All, series St Matthew's Wolverhampton (Diocese of Lichfieldl for the development of accessible workbooks explorin8 the church'5 current priorities for discipleship Further grants are available In 2024-25. In 2024-25, continued support. in the form of either funding or pracilcal support from the Trust Director, was given to.. Page 6
ST PETER'S SALTLEY TRUST REPORT OF THETRUSTEES FOR THE YEAR ENOED 31 MARCH 2025 8irmin8ham Chrlstian Colle8e De¥eloplng Creatlon Care Resources for Pentecostal and Charlsmatic Churches (£2,400 in 2023-24. £2,100 rn 2024-251. The aim of the project is to develop qualily theological educatlon resource5 on the Christian responslbllity to care for the environment, from a Pentecostal and Charismatic perspective. Eco-theology Is comparatively rarely exp5ored at gra55-roots level within Pentecostal and Charismatic churches In the UK lan increasingly significant Section of the Christian communitvl but there Is growin8 interest. This project seÈk5 to research current needs and perspe¢tives on creation-care and develop acce55ible learnin8 resources suitab5e for the diversity of Pentecostal and Charismatic con8re6ations in the UK. Trust funding enabled the appointmenr of a part-time research assi5tani (Dr Charles Prempehl In 2024 who consulted with churches and developed resource Ideas. Trust fundlng Is also coverln8 the costs of resource development. including design. video and trailing. The project addresses the Trust's priority around learning for Christian disclpleshlp. specifically the Chrlstlan responslbillty to care for the earth. Llbby Letth IResol¥•l - Developlnz Tralnlng for Pasioral Supervlslon in Educatlonal SettlnK51£3.725 In 2013-24, £3.725 in 2024-251. Pastoral supervision is a growlnB area of work both wlthSn and beyond Christian Ministry. Work wbth Further Education Colleges In the region h35 hiBhli8hted a desire for ¢haplains to recelve regular supervi5iLin. Whilst 50rne generic supervision tralnin8 exists, there Is little introductory trainlng, and Currently none which focuses Specifically on pastoral supervision wlthin èducational settbngs. Trust fundin8 is enabllng the writin8 and developinB introductory trainin8 specifically to atjdress this, combinlng supervision skllls wlth understandin8 of the educational context and of theology and young people's splrltuality. Work began in early 2024 and a course handbook 15 now In flnal draft form. The project addresses the Trust's prioilty of strengthenin8 the Christian presence In, and contributlon to, the Further Education sector, and may have wider value for schools Ipartlcularly church s¢hoolsl as well. West Mldlandg FE Chaplalncy Ambassador Prolect1£5.675.85 In 2024.251. Thls project alms to develop new further education chaplainclès In some of the 40 or so FE and Slxth Form colleges in the West Midland5 re8ion and stren8then ex15tin8 chaplaincies who might in turn support college5 in developing provision for SMSC developrnent for Students and re50urcing colleges in matters of religious Ilteracy and community cohesion. In this respect, the project furthers the Trust's oblectlve ol stren8thenlng the Christian presence in. and contributlon to, the FE and lifelong learnln8 sectors. The 2021-24 phase of the project was funded In partnershlp wlth the Angllcan Dioceses of Coventry and Lichfield, the Heart of England Baptlst Assoclatlon, and the West Midlands Synod of the United Reformed Church. In 2023-24 further funding commitrnents from the Trust and from the Bishop of Blrrningham's Charitable Fund have enabled the extension of the work up to the end of Aprll 2025. Nigel Roberis, an expertenced education chaplaln and lecturer In chaplalncv and youth work, took up the post in May 2021. There eorttlnues to be a marked uprurn of Interest in chaplaincy from colleges In the reglon. Current foci Include early stage development of chaplaincy at Birrnin8ham Metropolitan, Oudley and Stoke colleges. Nigel has also or6anised a networking and training day for FE chaplalns and college staff. in February 2025, and has contlnued to develop Tesources for Further Education Sunday, a joint Inltiative between WM Chur¢hes' FE Councll and the Chrlsti8n student organi5ation Festive. Although ntr further fundln8 has 50 far been forthcomlng to extend ihe post, this is actlvely being considered by trustee5, and belng sought from external sources. Dou8 Chaplln and St Peter's Saltlèy Trust- Consultatlon on Needs In Chrlstlan Learnln8 and Dlsclple5hlp1£880, 2023- 241. As part of Its priority of strengthening engagement with local Chrlstian communities, the Trust has undertaken consultation with people acros5 the churche5 by various means to learn more about what are the enabler5 and barriers to growth in Christian dlsclpleship and the challenge5 and opportunities for loc31 ¢hurche5 to 5UPPOrt this. Such que5tion5 are also germane to the work of Anglican dioceses in thp region. This small consultative project run by Doug Chaplin (Discipleship and Lay Training officer for the Diocese of Worcesterl and the Trust dlrector, involved running four focus groups with lay church rnernbèrs from four different Beo8raphicallsocio-economic context5 across the diocese, to learn morè about grass-root5 responses to these questions. Trust funding provlded for room hirelheatlng expenses to cover the crists of local churches hosring the 8atherinBS. and a Christian book or discipleship resource for participants. Focus groups ran during 2024 and a final video sharing findings should be13unched in May 2025. Page 7
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Sue Iqbal (Forward Partnershlpl and St Peterf5 Sabtley Trust- Consultatlon on Chrlstlans In Publlc Leadershlp1£544, 2023-241. An important and frequently neglected dimension of learning for Christian discipleship concerns the role Christians are called to play in the development of public life and civil Society. Whi15t there is good work taking place around faith in work and everyday life, less attention is often give to Christian vocation to public leadership, and to how local churches can Support people in thai. As part of the new focus on 'strengthening engagement with local Christian communities, this project. undertaken by Sue Iqbal of Forward Partnership and theTrust director, undertook intervlews and surveys to understand more about the perspectlves of Christians in public Inon-¢hurchl leadershlp roles, the polnts of ali8nment and tension they experience belween their faith and thelr work, and how churches might help to Support and resource Christians in contributlng to the comrnon good in civil 50¢iety. Trust fundirb8 covered the cts5t of venue hirelrefreshment costs and travel expenses. A short report of findings wlll be published In May 2025. A collaboratlvewest Midlands-based project beiween St Peterfs SaltleyTrust and the Unlversbty of Roehampton lled 'Learnlng from the Ed8es'. How Falth Develops and Grows In Mar8lnal or 'Edrf Places, 1£20,067.10 In 2022-23, E20,442.15 In 2023-24 and £9.131.53 in 2024-251. 8ullding on St Peter's Saltley Trust's 5erie5 of projects explorln8.what Helps Dlsciples Grow?. and work by Roehampton Univer51ty's Dr Clare Watkins and DrJame5 Butler. th15 project explores the experience of growth In Chri5tlan falth and practice outside traditional Sunday morning con8regational 5ettlngs (where most existing research on di5ciple5hlp has taken place), focusing instead upon contexts where participants feel Identify themselves as one the 'edgès' of church and society. In thls respect. the research addresses the Trust's lon8- standlng asplration to focus on 'the margins of Church and society, and constituencies 'not normally tijuched by the Church of En8land'. Seven local slte5 lincludlng two online cornmunitiesl were researched. In January 2025 all seven projects gathered tQ8ether for a day of learning and reflection In Birmingham. Several sites have developed new initiatives Dr approaches as a result of the research. and several are contlnulng tc* Journey wlth the project team for addltional conversationlexploration. A variety of project outputs wlll be developed to share Ilndlngs durln8 2025, Thls project addresses the Trust'5 new prlorlty area of Faith Formation. The Trust director ha5 been a core member of the research team. Paul-FranGols Tremlètt (Open Unlvers1ty1 and St P•tees Saltley Tru5t.' Developlng Rellilous Uteracy Tr¥Snlng and Resources for Further Edu¢atlon1£3.000 In 2022-231. Literacy In religion and belief 15 a key sklll lor life and work in contemporary, multi-faith, multi-cultural soclety. Further Education is potentially a key setttsr for the development of youn8 people's reli8ious Ilteracy, since it is in vocational educatlon and training that the worlds ol education and work are brought together. In this project, Involvin8 a team of academic speclallsts in religlon and belief led by the Open ijniverslty's Dr Paul-Fran¢ols Trernlelt and Including the Trust director, rèllgious literacy trainlng was offered ¢0 srafl in three Further Education ¢¢illeges in the West Midland5 region IWa15all College, City of Wolvefhampton Colle8e and North Warwlckshire & South Leicestershire C¢llegel. FE collo8e staff have provided feedback to enable the creation of a sulte of religlous Ilteracy training resources and Materials almed speclfically at the 16-19 sector lin which education about rellglon has historically received less attentlon In comparison to Schools and higher educatlonl. In 2024/early 2025, resource ¢reatlon Work focused on the development of a minl- documentary on religious literacy and a short Interactive animaiitsn1Snvolvin8 Students from City of Wolverhampton College) exploring a contentlOU5 Issue In a cla55room settln6. These will both be available on the Open Unlversitvs OpenLearn platform In 2025. Further iesources will be produced in 2025, includlng a reli8lous literacy podcast series and resources for colleges to run their own workshops. Thi5 prolect addre$5es the Trust's new prlority area of Rellgious Literacy in addition to Its more general commitmeni to the Further Education sector. Re15glon Medla Centre.. Ftvq atles Prolect1£8.500 per year for 2 years. 2023-24, Z024-251. The Religion Media Centre aim to increase understandin8 of religious issue5 Wlth the medla, and strengthen faith communlties. understandlng of and en8a8ement with their local media. The Five Cities project aims to bring together faith communities. civic leaders and the media in dlfferent clty contexts for a day of encountef and mutual learning. Followin8 a successful pilot in Birmingham in 2022, Trust funding has enabled further events in city l¢¢ations in the West Midland5 region in 2023 and 2024 (further events are happening elsewhere in the UK. with other sources of fundlngl. The first 'Creating Connections. event took place at Coventry Cathedral in October 2023, with nearly 80 participants present in¢ludlng repfesentativÈs of regional Media organisations, local faith communities and a panel of A-Level Religious Studies student5 from two local schools. A sècond event took place in Wolverhampton in November 2Q25, and was well attended by local faith and community groups (see event report here.. htt ionmediacentre.or .uk flews creatin -conrtectlons-in-wolv rh ton-wh -lalths-are- to ether-b -footb 11 . This project addresses the new working priority of Religious Literacv. ht. Page 8
ST PETER'S 5ALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Instltute of Chbldr•n, Youth and Mlsslon IICYMI: The Further Education Chaplaln.. Understandln8 the Fitld and Supportlng Practice1£4,936.85 In 2023-24, £5.188.34 in 202ty25, £12.765.72 In 2025-261. The Institute for Children, Youth and Mi55ion are an experienced youth work and youth chaplaincytrainlng organisation. with HE accreditation of their course5. This project seek5 to explore the role of the chaplain withln contemporary Furthèr Education settin85 and develop training for FE chaplains. A key distinctive of the project is to listen carefully to Further Education colle8es' understandings of the place of and need for chaplaincy, and a commitrnent to rnakin8 the resulting course materials available via a Massive Open Qnline Course (Mooc) to enable wlde access. ICYM wlll work In partnership with Saltley Trust 51aff to ensure the project is deeply embedded within the West Midlands region. on which the project will be focused, The work is being led by Dr Sarah Holmes of Liverpotsl Hope University, an eyperienced researcher on youth and children's 5pirltuality. During 2024/early 2025 the Initial re5earchllistening phase was undertaken. and a report written up. which will help to shape the Iraining course to be wrltten in 2025. The Trust dlrector and FE Chaplaincy Amba55ador have been actively involved in the project, helplng io make conne¢¢ions wlth colleges and chaplalns In the region. Culham St Gabrlel's Trust. St Pet•rfs Saltley Trust and All Salnts, Trust, wlth the Soclal Innovatlon Partnershlp: C Desl8nln8 • Partlclpatory Fund around Rell8lous Educatlon1£S.IXIO from 5t Peterf5 SaltleyTrust In 2023-24, alongwlth fundlng from the other two Trusts). Thls project addresse5 the Trust'5 aSPITation to Include mar8lnalised gTOUP5 and value conver5ailon and dialogue, as set out In the Trust's new Working Priorltle5 dvcument. Working with the Soclal Innovatlon Partnershlp. who have wide experience of developin8 more pafticipative &rant-makin8 processes. this project seeks to en8age a 'hard-to-reach' group and co-deslgn with them a small fund for rellglous education projects. Project partners have chosen to focus on Home School Education a5 an area hlstorlcally under-resourced by RE funders, thus addressln8 the Trust'5 m1551on to support the development of rellglous education. Followlng a development phase working in Collaboration wlth home e¢Jucators, the fund was launched in October 2024.resultln8 in 36 large 8rant and 18 small 8rant applications, of whlch 13 were awarded lundln& sharlng just over £7,000 between them. The interest In the fund has signiflcantly exceeded expectatlons. A celebratlon and learnin8 event, brln8in8 together all grant recipients, is being planned for September 2025. Independent evaluation of the inltiatlve has also been commlssloned. Although the fund itself will be time- Ilmited, the process wlll create a new model of communlty-led fundlng which wlll be transferable to other aspects of each trust's work ¢ver the long-term. Due to the hi8h level of response to the flrst round of fundin8, a second roundls also under disCU5510n. REToday- West Mldlands lieglonal IIE Hub1£7,600 per year for 3 years, 2023-24, 2024.25. 2025-261. There is widespread a8reement wlthln the Religious Educatlon communlty on the need ¢0 strengthen collaboration and communicatlon between teacher5, professional clevelopment or8anlsatlons and resource providers. In 2018-20 3 two vear pilot prolect Ipart-funded by the Trust) employed regional RE Ambassadors to seek to engage hard-to-reach RE teathers in CPD actlvltle5. Following a period of evaluation and review, a second phase of the project began In 2022, with increased hours lor re8lonal RE leads, and supported by a new onllne hub website. Trust fundin8 15 supportin8 the West Midlands regional RE hub and Its re8ional lead Chris Giles. In this phase of the project the focus is upon improvin8 connections and Interaction between different part5 of Ihe RElreli8ion and worldviews cornmunlty In the reglon, and increaslng particlpation in professional development and research in RE. The project is overseen by a steering group comprised ol representatives from key RE organlsallon5. During 2024-25, key outputs have included-. kltemark training forfaith visiiors to schoo15; SYPPQrtin8the organi5ation of an A-Level Rellglous studies conference,. and training for PGCE RS students at Birmlngham and Worcester universltie5. Key 8oals for 2025-26 Include.. stren8thenln8 en8agemÈnt with Multl-Academy Trusts, bulldln8 Ilnks with places of worship whlch could host school visits, and seeking to bring different RE stakeholders in the re8lon together to forge greater ¢onnectlvlty, possibly through a conferencè/RE fayre. Thls project addresses the Trust's commitment to strengthenlng religious education in schools. Page 9
ST PETER'5 SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2025 The Feast-Transform•ng Dlalo8ue Hub- I£IO.000 per year for 3 years, 2023-24, 2024-25. 2025-261. The Feast is an award-wlnning youth charity founded In Birrningham and now working nationally. which aims to bring together teenagers from dlfferent faiths and cultuces to build friendshlps and explore faith. Its work focuses on developing young people's confidènce to encounter others of diffe¥eni faiths. to be able to articulate their own faith position wlth confidence and respect, and to listen respectfully to. and learn frtim. others to ale different from them. In 2021 The Feast launched its 'Transformlng Dialogue Hub, which aims to train 2000 school and college staff, youth leaders and others who work with young people In The Feast's Guidellnes for Dialogue, with a particular focus on the West Midlands re8ion. After training. participants will be given ongoing support and acce55 to The Feast's resources to enable them then to Work with youn8 people, Trust funding is supportlng staff salaries to grow the organ15atlon's capacity to undertake this project along51de The Fea5t'5 Other core work. Prtrject highlights in 2024-25 included... 200 Secondary and 140 Primary teachers receiving tralnlng In the Guideline5 for Dialogue. The Feast report growing interest in trainin8 around religious dialogue Skills partlcular since the start of the current Isr3ellGaza crisi5. Developing a growing relationship with Birrnin8ham Metropolitan Co51e8e and supportlng student events ¢here. Oeveloping trainin8 on the Guidelines for Dialogue wlth the Chur¢h of England BiTmln8ham's youth worker tralning programme, Flex, which can then be shared more wldelv. This project addresses the Trust'5 currènt workin8 priority of supporting the rellglous land partlcularly Christlanl calling to reconclllation, peace-maklng and overcomln8 polar15atS0n. Peter Vale and St Peterfs Saltley Trust: Fatth Sn BlrmlnghJm Street Photography ProSe¢t lslnBle grant of £1,000 sn 2022-231. Peter Vale Is an amateur street photographer based In Blrmingham who has been enga6ed In a project to chronlcle expresslon5 of falth In the city's publlc spaces. Workln8 wlth Trust dlrector lan lones, and with addltional funding Irom Wèsthill Endowment, this project will use Peter's photographs as the centreplece for two Ilnked resources.. il a web- based RE resource with supporting discu551on materials and learnlng actlvities, and 111 a portable exhibltlon wlth linked Inieractive content, 5ultable for use in places of worship, local libraries or museum5. The project addresses the Trust's cornmiiment to strengthonlng religlous educatlon in schools, and the new working priority of developin6 rell8lous literacy- specifically in that the photographs IIIu5trate how Ilar from bein8 purely a prlvate matterl, rellgious faith of all kinds has a public and clvic manifestation. In 2023-24, a small group of RE experts was assembled to help scope out the shape and focus of the RE resource and make an initial 5electlon of photos to use. In 2024-25 Peter took further phot05 to wlden the subject rnatter for the resource, and plans lor resource creation have been developed. Thls wlll begin In Sprin8 2025. Drjeremy Kldwell Iunlverslty of Blrrnln8haml and Dr lan Jones 1st Pet•rf5 Saltley Trustl- RE.'Conne¢t~ EnvSronment and Reli¢ious Educatlon1£7,OOOpa for 2 year5. 2020-21 and 2021-221 The climate and nature crisis 15 one of the most serlous facing the world In the 21. Century. Humanlty's treatment of the earth Is a topic of fundamental Importance when seeking to understand the beliefs, praciSces and behavlour of different rell8ion5 and worldviews- yet whi15t current RE syllabuses tend to permlt some exploratlon of thls, the toplc is not extensively taught or re50urced. Thi5 project seeks to begin to redress this. A successful inaugural fellowship programme ran In 2021-22 and as a result, further funding wa5 secured from Culham St Gabriel's Trust to run a second cohort in 2023-24, with SaltleyTrust director lan Jones co-leadlngthe prolect wlth Dr jeremy Kldwell. The second cohort completed in lune 2024. wlth an end of programme learning and reflection day, at which current Fellows presented thelr draft, pilot-te5ted curriculum projects. A project website was launched early In 2025, containing Fellows, curriculum project5 and other resources. The project addresses the Trust's core priorlty of supporting religiou5 education in schools. and its current working priority of strengthening the religious land particularly Chrlstianl calling to environmental responsibility. A third cohort ha5 provlsionally been agreed with Current funder Culham St Gabriel's Trust. to begin in September 2026. Further disseminatlon ol project outputs and learning wlll take place in the meantime. Page 10
ST PETER'S ULTLEY TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH 2025 The FE chaplalncy ambassador and Trust director have conlinued to support the Work of the West Midlands Churche< Further Education Councll, notably through his work as Hon. Sec. of the Council and as an active participant in the Council's projects. Durlng 2024-25 this included.. Thè continued development of the Further Educatlon Sunday and accompanying resources The organlsation of a networklng and training day for Wm-based FE chaplalns and college staff in February 2025- the first such in-person event for several years. Continuin8 to explore the best way to provide 5tTUCtures of accountability, supervlslon and iralnlng for FE chaplains In the re8ion, Including a possible stron8er working felationship with Workcare West Mldlands. the workplace chaplaincy organisation. This work addresses the Tru5Vs commltment to 5tren8thenlng the Chrlstlan presence In, and corntributlon to, the Further Education sector. Durln8 2024-25 dlss*mlnatSon of the TfUSt'5 work has Included.. Jeremy Kidwell, 'Personal Knowledge.. Teachlng Place-8a5ed Rellglous Ethics for 3 Cllmate Emer8ency', Journol of Morol Educotion 24..1120241, pp. 107-118 Ilncludes reflection on the RE'.Connect prolectl. Rebecca Ostler, 'Listenlng to Other Species, RE Todoy 42..2 (Sprin8 20251- an article on the curriculum project Rebecca developed as a RE.'Connect Teacher Fellow. The launch of the RE'.Connect prolect website.. htt nnect.educa bout.html A paper by the Trust director sharlng early lindln8s and reflections from the 'Learning frorn the Edges. project at a national Churches Together In England conference on rni55ional dlsciple5hlp in November 2024. Network5.' frust representatives particlpate in ResourcSn8 Discipleship WM, the regular gatherln8 of denomlnatlonal lay training offlcers re8ionally, In several religious and theologlcal educatlon research semlnays. in meetings of the Assoclatlon of Church Colle8e Trusts, the Chrbstian Funders, Forum and the Religion and Worldvlews Education Funders Group. PLANS FOR FUTURE PERIOD The Trust wlll contlnue to develop Its malor fotus on StrengthenSng En8agement in Local Christlan Cornmunlties. The Tfu5t director will also continue to 5UPPOrt projects recelving fundlng from the Trust. at)d wlll be Closely Involved in several projects.. Workln8 wlth Roehampton Unlverslty researcher5 to wrlte up and share learning frorn the prolect on belng and growin8 as Christian disciples In 'ed8y' or 'marglnal' places. Workln8 Wlth the team of academic5 leading the ReliBiOUS Literacy In Further Educatlon project to 8enerate more resources lor colleges. Support for the work of the WM Churches, FE Councll. and particularly In the development of 5UPPOrt and accountability Structures for FE chaplalns, efforts to Secure further fundlng for the West Midlands FE Chaplaincy Ambassador post beyond May 2025, and the development of other new projects. ContinuinB to Support the ICYM project on researchlng and developing Further Educatlon chaplaincy tralnlng. Supporting research on the Black History ol Birmin8ham 8aptist churche5. for the project belng led by Revd Dr Gale Richards. The development of RE and exhlbition ¥e50urce5 a5 part of the Faith in Birmlngham street photO8raphy project. Links will be malntalned and developed wlth other organlsatlons workin8 in areas consonant wlth the Trust's aims and objective5. Page 11
ST PETER'S SALTLEY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Investment poli¢y and obJe¢tlves There are no restrictions on the trust's power to invest. The investment income arising on the endowment fund is available to meet the trust's objects., however, the endowment fund cannot be dÈpleted by expenditure. The investment strategy Is controlled by the trustees In conjunctlon with CCLA Investment Mana8ement Limited and the trustees consider the Sncome requirements. the risk profile and values. There are appropriate constraints on Investments and exposure to activities considered unacceptable by the Church of England's Ethical Investment Advisory Group and the CBF Fund5 Trustee. FINANCIAL REVIEW Financbal review The trust has expended the sum total of £151,30312024- £168,210) on charltable actlvlty In pursult of its oblects durlng the year. The trust has contlnued Its flnancial, advlsory and development support of prolect5 In the fields of religious, further and adult theolo8ical educarion. During thls year the trust has contlnued to support a number of projects de51gned to support and develop learnlng provlslon for iheolo8ical educatlon. local churchlFE college partnership to promote widenin8 participation and Interfaith dialogueltea¢hing provision a5 a contrlblbtlon to the RE ¢urrlculum In schools A range ol study PTO8rammes, semlnars and papers have served to disseminate the prolect work of the Iru51 to a wlder audlence. The trustees have sanctioned to date the spending of £63,423 durln8 2025-26 on prolect5 together wlth £91.$00 for other charitable activttle5 and governance c05t5. Further projects for charitable support wlll be Identified by the trustees on an annual basi5. The account5 on pa8es 15 to 28 present the flnancl31 Informatlon of the trust In detail. The trustees report net elpendlture before movements In Investment values for the year totalled £3,16412024 £14,644) and the decrease in the market value of Investments for the year wa5 £190,81212024- increase £367,884). cordlngly, the asset value of the trust has decreased to £5,047,708. The market value of Investments reflected the performance of the markets at ihe balance sheet date. The trustees remain tonfldent that market value movement5 will be posltlve on a long-term basss. INDEPENDEr EXAMINERS A resolution proposlng that J W Hlnk5 LLP be re-appointed as Independent examiners of the charity will be put to the Annual General Meèting. ON BEH FOF HE BOARD Dr P Kent Date.. 9 June 2025 Page 12
INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEESOF ST PETER'S SALTLEY TRUST I report on the account5 for the year ended 31 March 2025 set out on pages fourteen to twenty-seven. Re5pertive responslbllbties of trustees and examiner The charity's trustees are re5ponslble for the preparatlon of the accounts. The charity's tTUStees consider that an audit is not requirèd for this year lunder Section 144121 of the Charltles Act 2011 (the 2011 Actll and that an independent examination is required. It is my respon5ibi1Sty to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charlty Commlsslon (under Sectlon 14515llbl of the 2011 Act)., and to state whether partlcular matter5 have Come to my attentlon. 8asls of the Independertt examlner'5 report My examinatlon was carrled out in accordance with the General Directions glven by the Charlty Commi551on. An examinatlon include5 a revlew of the accountlng records kept by the charlty and a comparlson ol the èccounts presented with those records. It also includes consideratlon of any unusual items or d15closures In the accounts, and seeking explanations from you a5 trusiees concerning any such matter5. The procedures undertaken do not provlde all the evidence that would be requbred In an audlt, and consequently no opinion Is Biven as to whether the accounts present a 'true and falr view, and the report Is Ilrnlted to those matiers set out in the statemènts below. Independent examiner's statement In connectlon wSth my examination, no matter has come to my attentlon.. whlch gives me reasonable cause to belleve that, In any materlal respect, the requirements to keep ac¢¢untlnB records in accordance wlth Section 130 of the 2011 Act; and to prepare accounts whlch accord wlth the accountln8 re¢ord5 and to comply wlth the accounlSn8 requlrement5 01 the 2011 Act have not been met,. or to whlch, in my opinlon, attention should be drawn In order to enable a proper understanding of the accounts to be reached. P E Smith FCA I W Hlnks ILP Chartered Accountants 19 Hi8hflÈld Road Ed8baston Blrmin8ham West Midlands B15 3BH Oate.- 9 June 2025 Page 13
ST PETER'S SALTLEY TRUST STATEMENT OF FINANCIAL A1vlES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unre5trirted fund Restrirted Fund ElOwment Fund Notes INCOMEAND ENDOWMENTS FROM: Investment Income 151.579 151,579 148,506 Charltable activlties 9,911 9,911 17,969 Tot31 Income and endowments 161.490 161,490 166,475 EXPENDITURE ON: Raislng funds Charltable actl¥ltle5 Grants payable Support C05t5 Governance costs 61,128 77.067 13,351 11,018 72,146 79,157 13.351 92,369 75,841 12.909 090 Total expendlture 151,546 11.018 2,090 164,6S4 181,119 NET {EXPENDITUREIIINCOME 111,0181 12,0901 13,1641 114,6441 Other fe¢ognlsed 8alTrs IL055es118ains on Investment asset5 18001 1190,0121 1190.8121 367,884 Net Movement In fund5 111,0181 1192,1021 1193,9761 353,240 Traner$ b*tw••n Funds 111,0181 11.018 11,8741 {192.1021 1193.9761 353,240 RECONCIUATION OF FUNDS Total funds brought forward 775.394 4,466.290 5,241.684 4,888,444 TOTAL FUNDS CARRIED FORWARD 773.520 4,274,188 5,047.708 5,241,684 All income and expenditure derive from contlnuSng artivitles. The notes fomi part of these financial statements Page 14
sr PETER'S SALTLEYTRUST BALANCE SHEET AT31 MARCH 2025 2025 Total fund5 2024 Total funds Unrestrlcted fund Restrkted Fund Endowment Fund Notes FIXED ASSEfs Tangible assets Investments 12 13 52.242 4,221.946 4,274.188 52.242 4,975,403 5,027.645 54,630 5,171,630 5.226,260 753,457 753,457 CURRENT ASSETS Debtors Cash at bank and In hand 14 4,145 4,145 451 40.408 44,553 40,408 44,553 28.69S 29,146 CREDITORS Arnounis falllng due within one year 15 124.4901 124A901 113,7221 NET CURRENT ASSETSIILIABILITIESI 20,063 20.063 15,424 TOTAL ASSETS LESS CURRENT LIABILITIES 773,520 4,274,188 5,047,708 5,241,684 NET ASSETS 773.520 4,274.188 5,047,708 5,241.684 FUNDS Unrestricted fund5'. Restricted funds Endowment funds 16 773.$20 775,394 4,274,IB8 4,466,290 TOTAL FUNDS 5,047.708 5,241,684 The financial staiements were approved by the Board of Trustees on 9 lune 2025 and were slgned on Its behalf by- Dr P Kent Page 15
ST PETER'S LTLEy TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, whl¢h Is a public benefit entity under FRS 102. have been preparecl in accordance with the Charltles 50RP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommerhded Practice applicable to charities preparing their accounts in accordance wlth the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financlal Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charlties Art 2011. The Flnancial Staternents have been prepared under the historical cost convention wlth the exception of investments whlch are included at market value. The charity has taken advanta8e of the followin8 disclosure exemption in preparing these financlal statements, as permitted by FR5 102'The Financial Reportlng Standard applicable In the UK and Republic of Ireland.: The requlrement5 of Sectlon 7 Statement of Cash Flow5. INCOME All incombng resources are included on the Statement ol FlnancSal Activltle5 when the trust Is legally entitled io the Income and the amount can be quantifled with reasonable accuracy. For legacles, entltlementls the earller of the trust belng notified ol an Impendlng di5tribullon or the le8aLry belng received. EXPENDITURE Expendlture Is accounted for on an accruals basls and has been classified under headlng5 that aggregate all c05t related to the category. Where cost5 cannot be dlrectly attrlbuted to particular headings they have been Ilocated to actlvities on a basls consistent wlth the use ol resour5. Support Costs are those costs incurred dlrectSy In 5UPPOrt of expendlture on the oblects of the trust and include project management Carrled out at headquarters. Governance Costs are those Incurred In connectlon with admlnlstratlon of the trust and compllance wlth constltutional and statutory requirements. Grants offered sublect to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. TANG18LE FIXED ASSETS Depreciatlon 15 provbded on all tangible fixed assets at rates calculated to write off the cost on a straight Ilne ba515 over their expected useful economlc lives as follows. Freehold land Freehold buildlng5 Project and office equipment over 50 year5 over 4 years Tangible fixpd assets C05ting more than £1,000 are capitalised and included at cost includlnB any incidental expenses of acqulsliion. TAXATION The charity Is exempt from tax on its charitable activitie5 Page 16
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued FUND ACCOUNTING General funds are unrestrlcted funds which are avallable for use at the discretion of thè trustees In furtherance of the general objecrives of ihe trust and which have not been deslgnated for other purp05eS. Desi8nated funds comprise unrestricted funds that have been set aside by the trustees for partlculai purposes. The alm and Use of each desiBnated fund Ss set out in the notes to the financial statements. Restricted funds can only be used for particular reslrlcted purp05e5 wlthln the objects of the trust. RestTlCtions arI5e when specified by the donor or when funds are raised for particular restricted purposes. Endowmeni funds represent those asseis whlch must be held permanently by the trust. prlncipally investments. Income arlsing on the endowment funds can be used In accordance wlth the oblects of the trust and Is Included 35 unreslrlcted income. Anycapital gains or losses arisln8 on the Investment5 form part of the fund and investment management chaiges and legal advlce relaling to the fund are ¢har8ed agalnst the fund. Investment Income and 8ains are allocated to the approprlate fund. Further explanatlon of the nature and purpose of each fundls Included In the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The trust operate5 a deflned contribution scheme. Contributions are Charged to the Statement of Flnanclal Actlvltles as they become payable. INVESTMENTS Investrnents are stated at market value at the balance sheet date. The Statement of Flnantial ACtltIeS Includes the net 8ains and losses arisin8 on the revaluation and disposal of investments throughout the year. INCOME FROM INVESTMENTS 2025 2024 Quoted fixed asset investments 151,579 148,506 CHARtrABLE ACTIVITIES INCOME 2025 2024 Rental income Evaluation Income Othèr Income Grants received -Restricted 6,000 3.800 iii 4,905 2.361 78 10,625 9,911 17,969 Page 17
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEME1 OF FINANCIAL ACTIVITIES Unrestrirted fund Restricted Fund Endowment Fund 2024 Total funds INCOME AND ENDOWMENTS FROM: Investment Income 148.506 148,506 Charltable actlvltles 7,344 10,625 17.969 Total Income and •ndowmerts IS5.8SO 10.625 166,475 EXPENDITURE ON: RalsSn8 funds Charltable a¢tlvltles Grants payable Support cost5 Governance cost5 82,363 73.751 12,909 10,006 92,369 75,841 12.909 1090 Total expendlture 169,023 10.1)06 2.090 181,119 NET INCOMEIEXPENDITURE IlJ,1731 619 12,0901 114,6441 Other reco1 8alns Galnslllossesl on investment assets 1,946 365,938 367,884 Net Movement In funds 111.2271 619 363.848 353.240 Transfer between Funds 619 1619 110.608) 363,848 353,240 RECONCILIATION OF FUP4DS Total funds brought forward 786,002 4,102A4Z 4A88.444 TOTAL FUNDS CARRIED FORWARD 775.394 4N66.290 5,241.684 Page 18
ST PETER'S SALTLEY TRUST NOTESTO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENDITURE ON cHARABLE ACTIVITIES 2025 2024 Grants payable Support costs Governance 72,146 79,157 13.3SI 92,369 75,841 12,909 163.654 181,119 £2,090 12024- £2,090) of the above costs were attrlbutable to endowments funds. £11.081 12024- £10,006) of the above costs were attrlbutable to restrlcted funds. £150,483 12024- £169,023) of the above costs were attrlbutable to unrestrlcted funds. Page 19
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF GRANTS 2025 2024 Proiert COSts Just Love UK- Conference and West Midlands Hub Launch Sl Matthew's Church Wa15all 48 Hours in jerusalem Regenis Park College Oxford- 81rmlngh3m Baptlsts ExplorinB Their Black History University of Birmin8ham and St Peters Saltley Trust- RE.. Connect Envlronment and Reli8lOU5 Educatlon St James the Great Church, Clayton- Stations of the Resurrection Sandwell Churches, Llnk- Openlng New Doors The Feast- Transforming Dialogue Hub Religlon Media Centre- Five Citie5 Project West Midland5 Re8ional FE Chaplaincy Amba55ador- Extension fundln8 Revd Dr Allson Woolleylseeds of Silence- Formatlon Support for Wornen Theology Students Roehampton Universlty- Learnin8 from the Edges BSL Bible Project- 8ritish Slgn Language Bible Translation Project Ffontler Youth Trust- Youth Work wlth LG8TQ+ Conference Love Black Country- Youth Workshops at Black Country Together Festlval RE Today- West Midland5 Regional RE Hub Resolve- Developin8 Trainin8 for Pastoral Supervlsion In Educatlonal Settlngs Culham St Gabriel's All Salnts and St Peter's Saltley Trust wlth the socbal Innovatlon Partnership- Co- Desi8nln8 a Participatory Fund around Religious Educatlon Birmingham Christian College- Developin8 Creatlon Care Resources for Pentecostal and Charlsmatic Churches The Instltute for Youth and Mlsslon liCYMI- The Further Educatlon Chaplaln.. Understanding the Fleld and Supportln8 Practice Saltmine TTUSt- The Oudley Passion Plav Stren8thenin8 Engagement with Local Christlan Communities- Pod castln8 Equipment Dou8 Chaplln and St Peter's Saltley Trust- Consultation on Needs In Christlan Learning and Dlsclple5hip Sue Iqbal and Sl Peter's Saltley Tru5t- Ctsn5ultatlon on Chrlstlan In Publlc Leadershlp 2A62 520 6,667 15.9371 2.099 4,719 Is,000 8,500 10.LlJ6 10,000 8,500 11,018 6,160 9,132 6,135 20,442 5,000 1,000 1,000 7,600 3,725 S,¢X)O z,ioo 2,400 5,188 4,937 1,000 418 544 72,146 92,369 Page 20
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT cosrs 2025 2024 Wages Pensbons Statlonery. postage and phone Subscriptions and tralning Travelling and confèrence expenses Repairs and renewals Rates and water Insurance Management charges Light and heat Depreciatlon of tan8lble fixed assets Ire5tricted £2,090) Sundrles 51,500 8,526 2.979 967 1,662 1.766 2A23 2.140 48,765 8.120 3,301 962 2,266 533 2,340 2,041 1,013 2,288 2,388 1,824 2,226 2,388 1.580 79.157 75,841 GOVERNANCE COSTS 2025 2024 AdMIni5trate 5alarles Penslon premiurns Accountancy fee5 10,082 449 uzo 9,587 427 2,895 13,351 12,909 NET INCOMEIIEXPENDITUREI FOR THE YEAR Net Income Ilexpendlturel is stated after chargin(CredItin8}'. 2025 2024 Depreciatlon of tanglble fixed assets LossllProfltl on falr value movement of Investments 2,090 190,812 2,090 1367,8841 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 March 2025 nor for the year ended 31 March 2024. TRUSTEES, EXPENSES During the year, the trustees recelved E6412024- £1201. The trustees have purchased indemnity Insurance Page 21
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMEPtrs. CONTINUED FOftThE YEAR ENDEO 31 MARCH 2025 ii. srAFF COSTS AND EMPLOYEE BENEFITS staff costs ITrust and Prolertl 2025 2024 Salarie5 Social securlty costs Pension premiums 72,251 IN85 6,481 68,811 1,117 6,184 0,224 76.112 No employee recelved £60,000 or more per annum in elther year. Number Number Average number of employees All employee tSme is Involved in provldlng either support to the govemance of the chafity or support servlces to charltable actbvlties, 12. TANGIBLE FIXED ASSErs Freehold propertv Flxture5 and flttin Totals COST At l Aprll 2024 Additlons In year Disposals In year 104,492 2,493 106,985 At 31 March 2025 104.492 1,493 106,985 DEPRECIATION At l Aprll 2024 015posals In year Charge for year 50,160 2,195 52.355 2,388 At 31 March 2025 52,250 2.493 54.743 NET BOOK VALUE At 31 March 2025 52.242 At 31 March 2024 54,332 54,630 The closlng net book value represents nxed assets used for the management and admlnlstratiort of the trust. Freehold property 15 re8lstered in the name of the Officlal Custodban for Charlties. Page 22
ST PETER'S SALTLEY TrUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13. FIXED ASSET INVESTMENTS 2025 2024 CCLA Investments Cash depo5Sts 4W9,424 85,979 5.130,236 41.394 4.975A03 5.171,630 L15ted Investments Unllsted Investments Totals MARKET VALUE At l Aprll 2024 Share Dlsposals Change in market value 5,130.235 150.0001 1190,8121 5,130,236 150,0001 1190.8121 At 31 March 2025 4,889.423 4,889,424 NET800KVAWE At 31 March 2025 4,889,423 4,889,424 At 31 March 2024 5,130,235 5,130.236 There were no Investment assets outslde of the UK. Investments Inelther listed nor unlisted) were as follow5.. 2025 2024 Cash deposlts- Capital account Cash deposits- AumUlation account 59.554 26,425 35,922 5,472 85,979 41,394 ANALYSIS OF INVESTMENTS Unre5trlrted Fund5 Endowment funds 2025 2024 UK quoted investments other UK Investments Cash deposits 667A79 4,221.944 4,889A23 5,130,235 85,979 85.979 41.394 753,458 4.221,945 4,975803 5,171,360 PaBe 23
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THEYEAR ENDED 31 MARCH 2025 13. FIXED ASSET INVESTMElffS- continyed uoted investments Market value brought forward Dlsposal Net Inve5tment110ssesllgains 718.278 4,411,957 5,130.235 150.0001 190,812} 4,762.351 150,0001 18001 190,0121 367,884 Market value carrled forward 667.478 4,221,945 4,889,423 5,130.235 Historlcal cost ILIK quoted) 502,455 2.062.514 2,564,969 2,582,117 ANALYSIS OF INVESTMEP4T INCOME Unrastrlcted funds Endowment funds rotal 2015 Total 2024 Dividends recelvable from equlty shares 151,579 151.579 148,506 Interest recelvable 151,579 151579 148,506 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 4,145 451 15. CREorroRS.' AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditor5 Deferred income 3.568 20,722 21x1 3,532 9,990 200 24,490 13,722 Page 24
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENfs- CONTINUED FOR THE YEAR ENDED 31 MARCH 20Z5 16. MOVEMENTIN FUNDS Net movement in funds At 1.4.24 At 31.3.25 Unrestrirted funds General fund noted tln Gènèral Projects West Midlafids Regional FE Chaplaincy Development 756.349 11,4341 754,915 19,045 14401 18.605 Restrlrted fund West Midland5 Regional FE Chaplainry Development Endowmènt lunds Endowrnent fund 4N66.290 1192.1021 4,274,188 TOTAL FUNOS 5,241,684 193.9761 5,047,708 Net movernent In funds, Included In the above are as follows.. Tr¥nsf•fS between funds Incomlnq resources Re50ur¢es expended Galn$ &10sses Movement In funds Unrestrlcted funds General fvnd General Projects West Mldland Reglonal FE Chaplaincy Development 161,490 1151,5461 110,5781 18001 IIA341 14401 Rertrlcted funds West Mldlands Regional FE Chaplaincy Development {11.0181 11.018 Endowment funds Endowment fund 1190.0121 1192,1021 TOTAL FUNDS 161090 1164.654 I1,812) 1193,9761 Page 25
ST PETER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENOED 31 MARCH 2025 16. MOVEMENT IPJ FUNDS -continued Ftnaniial yea¢ to l March 2024 m(wement In lund5 Nel movement In funds At 1.4.23 At 31.3.24 Urtrestrlct•d fund5 General fund nated und5 General Project5 West Midlands Re8ional FE Chaplalncy Development 749,283 7.066 756,349 36,719 117,6741 19,045 Restrlcted lund West Midlands Regional FE Chaplalncy Development Endowment funds Endowment fund 4,102,442 363.848 4,466.290 TOTAL FUNDS 4,888,444 353.240 5,241.684 Net movement In funds, Included in the above are as follows.. Tfanslers between funds Incomlng rewurc R•sour¢es expend•d fjalns &105ses Movement In fund5 Unrestrl£ted funds General fund General Projects 155050 1169,0231 18.293 117.6741 7,066 117.6741 Restrlcted funds West Mldlands Regional FE Chaplaincy Development 10,625 110,0061 16191 Endowment funds Endowment fund 12,0901 365.938 363,848 TOTAL FUNDS 166,475 1181,1191 367,884 353.240 Purpose of Unrestrkted Funds General fund This fund represents those fund5 which the trustee5 are free to use in atcordan¢e wlth the trust's charitable objective5. Oesl nated fund Thi5 fund represents those funds that have been committed towards future projects subject to certain Criterla being met by the recipient. Page 26
ST PEtER'S SALTLEY TRUST NOTES TO THE FINANCIAL STATEME14TS- CONTINUED FOR THE YEAR ENDED31 MARCH 2025 16. MOVEMENT IN FUNDS- contlnued Restri ed fund- West Midlands Re ional FE Cha lainc men This project aims to develop new further education chaplalncies in some of the 40 or so FE and Slxth Form colleges In the West Midlands region and strengthen existlng chaplaincies who rnight in turn support colleges in developing provision for SMSC devèlopment for students and resourcing colleges in matters of religious litera¢v and community coheslon. It15 currently being funded in partnershipwith thewest Mldlands Synod of the United Reformed Church. En wment fu The endowment fund represents those assets which must be held permanently by the trust, prlncipally investments. Incorne arlsing from the endowment fund can be used in accordance with the objects of the trust and is included as unrestrlcted Income. Any capital galns or losses arlslng on the Investments form part of the fund. Investment manaBemeni charge5 and legal advlce relatlng tts the fund are charged agalnst the fund. 17. OTHER FINANCIAL COMMrrMENTS At the year end the trust had the followlng Commitments. Charitable The charltable Commltment to projects is éeclded by the trustees on an annual basls. At l Aprll 2025, appromlmately £81,473 had already been sanctloned for project work over the next three years. RELATED PARTY DISCLOSVRES On occaslon, grants are made t*y the St Peter's Saltley Trust to or8anisatlons In whlch the trustees or parties related to the trustees of the St Peier's Saltley Trust have an Interest. In these instances those trustees are excluded from ihe grant decision makin8 process. 19. ULTIMATE CONTrOLiING PARr¢ The trust is controlled by the trustees as listed In the Report of the Trust Page 27