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** 

- Any expenditure by the Trust needs to demonstrate alignment with the ‘Purposes’ of the Trust as defined in our Public Benefit statement as follows... 

   - Advancement of religion by evangelism, teaching, Sunday school, public worship and conferences. 

   - 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. 

   - Working with other local churches for betterment of community (community events, community worship, community prayers). 

   - Support to home and foreign missions. 

- Approval of this report by the Trustees demonstrates the agreement that expenditure was allocated accordingly. 

## **Highlights (last year’s figures in brackets)** 

- Total income to the Trust was **£26,068.29** (£15,830.70): 

   - **£4,415.48** (£1,842) interest from all bank & savings accounts 

   - **£18,903.06** (£11,539) ‘Normal’ income from tithes and offerings to the current account 

   - **£2,749.75** (£2,448) Gift Aid return to current account 

- 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: 

   - 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 

- 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 

- 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: 

- Normal operating costs (pastoral expenses, hall hire, speakers, insurance, licenses, equipment): **£6,267.47** ( **£7,095.17)** 

- Foreign mission support: **£15,220 (£7,600)** 

- Help Gifts and home mission support: **£1,646.48 (£5,678.75)** 

- 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