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GOSPEL STANDARD AID AND POOR RELIEF SOCIETY

Registered charity 209373 · accounts filings on the Charity Commission register · also known as GOSPEL STANDARD POOR RELIEF SOCIETY

Latest income
£875k
Latest spending
£248k
Registered
1965
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds total funds of £3,408,409, with the majority invested to generate income for grants. The trustees consider the state of the society's funds to be satisfactory, noting that while voluntary contributions are small, the charity is able to draw on reserves and benefits from interest income. The trustees consider it prudent to hold reserves at the existing level to safeguard against potential declines in interest rates.

What the accounts disclose

Audit opinion: qualified
“I have identified a matter of concern that gives me reasonable cause to believe that the accounts prepared for the Charity are not fully compliant with the accounting requirements of the Standard of Recommended Practice for accounting and reporting by charities. Note 19 to the accounts does not disclose the names of the related parties in respect of £1,600 of grants paid to children/sibling of the trustees, as required by the Standard of Recommended Practice.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of despatch costs to Gospel Standard Trust, which shares common trustees.
“There are two common Trustees between the Society and the Gospel Standard Trust. The Trust assists with despatch of publications.During the yesar the Society reimbursed the Trust with despatch costs totalling £18,523.” — page 28
“In furthering the objectives of the charity, the following grants were paid in 2024 to the following individuals who are also trustees of the Society: M J Hyde: two grants totalling £10,500 (includes car grant) T J Parish: one grant of £750” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants paid to trustees M J Hyde and T J Parish.
“There are two common Trustees between the Society and the Gospel Standard Trust. The Trust assists with despatch of publications.During the yesar the Society reimbursed the Trust with despatch costs totalling £18,523.” — page 28
“In furthering the objectives of the charity, the following grants were paid in 2024 to the following individuals who are also trustees of the Society: M J Hyde: two grants totalling £10,500 (includes car grant) T J Parish: one grant of £750” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Jireh Chapel Tenterden for remuneration of Pastor G W Hyde, a trustee.
“There are two common Trustees between the Society and the Gospel Standard Trust. The Trust assists with despatch of publications.During the yesar the Society reimbursed the Trust with despatch costs totalling £18,523.” — page 28
“In furthering the objectives of the charity, the following grants were paid in 2024 to the following individuals who are also trustees of the Society: M J Hyde: two grants totalling £10,500 (includes car grant) T J Parish: one grant of £750” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants paid to children/siblings of trustees.
“There are two common Trustees between the Society and the Gospel Standard Trust. The Trust assists with despatch of publications.During the yesar the Society reimbursed the Trust with despatch costs totalling £18,523.” — page 28
“In furthering the objectives of the charity, the following grants were paid in 2024 to the following individuals who are also trustees of the Society: M J Hyde: two grants totalling £10,500 (includes car grant) T J Parish: one grant of £750” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Independent examiner identified a matter of concern regarding non-compliance with SORP regarding related party disclosure.
“I have identified a matter of concern that gives me reasonable cause to believe that the accounts prepared for the Charity are not fully compliant with the accounting requirements of the Standard of Recommended Practice for accounting and reporting by charities. Note 19 to the accounts does not disclose the names of the related parties in respect of £1,600 of grants paid to children/sibling of the trustees, as required by the Standard of Recommended Practice.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Orphans Press Limited
“The society no longer purchases a supply of paper but Orphans Press Limited purchase the paper and charge an inclusive price for the magazines.” — page 25
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£875k
Total spending
£248k
Cost of raising funds
£10k
Reserves (reported)
£2.7m
Employees
4

Reported reserves equal ~131.1 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Australia · Throughout England · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£875k£248k
31/12/2023£324k£275k
31/12/2022£192k£214k
31/12/2021£476k£198k
31/12/2020£100k£204k

Common questions

Is GOSPEL STANDARD AID AND POOR RELIEF SOCIETY financially healthy?

The accounts state that the charity holds total funds of £3,408,409, with the majority invested to generate income for grants. The trustees consider the state of the society's funds to be satisfactory, noting that while voluntary contributions are small, the charity is able to draw on reserves and benefits from interest income. The trustees consider it prudent to hold reserves at the existing level to safeguard against potential declines in interest rates. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL AND ST GEORGE, FULWELL1£3k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE GOSPEL STANDARD TRUST.