Cherith Fellowship Trust (Redburn Community Church) Charity No. NIC100246 Trust Report for financial year 6[th] April 2024 - 5[th] April 2025
Approved: B Gingles E Smyth P Matier T Hull
Financial Management Team:
Treasurer - Trevor Hull Trustees - Brian Gingles - Paul Matier - Eva Smyth - Trevor Hull (Chair)
Trust Opening Balance @ 6[th] April 2024:
Public Benefit Statement
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Any expenditure by the Trust needs to demonstrate alignment with the ‘Purposes’ of the Trust as defined in our Public Benefit statement as follows...
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Advancement of religion by evangelism, teaching, Sunday school, public worship and conferences.
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Community outreach by Pastoral care (befriending, Home, Hospital and Care-Home visitation), prayer ministry/support, aid to the needy through the provision of financial, clothing and food gifts.
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Working with other local churches for betterment of community (community events, community worship, community prayers).
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Support to home and foreign missions.
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Approval of this report by the Trustees demonstrates the agreement that expenditure was allocated accordingly.
Highlights (last year’s figures in brackets)
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Total income to the Trust was £26,068.29 (£15,830.70):
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£4,415.48 (£1,842) interest from all bank & savings accounts
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£18,903.06 (£11,539) ‘Normal’ income from tithes and offerings to the current account
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£2,749.75 (£2,448) Gift Aid return to current account
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In line with Public Benefit Statement and previous Trustee’s agreement monthly standing orders and some ‘one-off’ donations made in support of the following foreign mission partnerships:
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ICEJ Ministries (Israel), Decision Ministries (Mission Mexico), Good News Ministries (India), Barnabas Ivory Coast church, and BFoC Arad Ministry (Bedouin tribe)
• Financial contributions were made for church attendees at BFoC Ireland annual 2024 Conference
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Funding was also provided from the Trust for local Mission support and local ‘helps’ including North Down Storehouse and medical bill support for a church member
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Standard operating costs covering: Church website costs, Easy Worship annual licence, Zoom annual subscription, CCLI (music / lyric reproduction licence) and public liability insurance
• Main outgoings:
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Normal operating costs (pastoral expenses, hall hire, speakers, insurance, licenses, equipment): £6,267.47 ( £7,095.17)
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Foreign mission support: £15,220 (£7,600)
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Help Gifts and home mission support: £1,646.48 (£5,678.75)
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Tithe of income to BFoC Ireland : £1,560 standing order (£1,560)
• Conferences £4,606.67 (£4,605.85)
- Total outgoings from Trust over the year: £30,260.62 versus £26,539.77 last year
Income Summary
Out-going Summary and Closing Balance
Out-going Detail – Pastoral Expenses & Hall Hire
Out-going Detail – Home & Foreign Mission
Out-going Detail – Foreign Mission (continued)
Out-going Detail – Conferences & Helps
Out-going Detail – Monthly Speakers
Out-going Detail – Annual Licences, Equipment and Sundry Expenses